DBIVX Performance — DWS Global Macro Fund, Class S
Data updated: 2026-09-25
DBIVX returned +3.83% year to date and +11.38% over one year to Jul 2026. Annualised returns are +7.93% over 3 years and +4.72% over 5 years. The fund trailed its Moderate Allocation category average: $100 invested three years ago grew to $126, against $134 for the category, and to $111 over one year, against $112. Volatility over the past three years was 6.69% a year. In the 12 months to Jul 2026 the fund lost a net $8.6M, and assets reached $178.82M.
DBIVX Growth of $100
What $100 invested in DWS Global Macro Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Moderate Allocation category average over the same months.
| Period | DBIVX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $111 | $112 |
| 3 years (Aug 2023 – Jul 2026) | $126 | $134 |
| 5 years (Aug 2021 – Jul 2026) | $126 | $129 |
| Since data start (Aug 2019 – Jul 2026) | $143 | $154 |
DBIVX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +3.83% |
| 1 year | +11.38% |
| 3 years (annualised) | +7.93% |
| 5 years (annualised) | +4.72% |
DBIVX Annual Returns
Calendar-year total returns of DWS Global Macro Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +3.83% |
| 2025 | +14.88% |
| 2024 | +3.43% |
| 2023 | +9.16% |
| 2022 | −6.85% |
| 2021 | +6.31% |
| 2020 | +2.18% |
| 2019 (Aug–Dec) | +5.12% |
DBIVX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +2.7% | +3.1% | −5.3% | +3.1% | +1.1% | −1.4% | +0.7% | — | — | — | — | — |
| 2025 | +2.6% | +0.6% | −0.3% | +1.7% | +1.0% | +1.8% | −0.4% | +1.6% | +2.8% | +1.2% | +1.2% | +0.4% |
| 2024 | +0.3% | −0.3% | +2.3% | −1.9% | +2.1% | +0.1% | +2.1% | +1.4% | +1.2% | −2.3% | +0.3% | −1.8% |
| 2023 | +4.2% | −1.5% | +2.4% | +0.8% | −0.9% | +0.6% | +1.5% | −1.3% | −1.8% | −1.5% | +4.0% | +2.7% |
| 2022 | −0.3% | −1.9% | −0.8% | −2.5% | +1.9% | −4.0% | +0.9% | −1.6% | −3.6% | +2.4% | +3.9% | −1.2% |
| 2021 | +0.4% | +0.9% | +2.6% | +1.2% | +0.8% | −0.4% | +0.3% | +1.1% | −2.1% | +0.8% | −2.0% | +2.7% |
| 2020 | −0.6% | −2.9% | −6.9% | +2.9% | +2.9% | +1.2% | +0.8% | +1.5% | −1.9% | −1.7% | +5.4% | +2.2% |
| 2019 | — | — | — | — | — | — | — | +0.1% | +1.3% | +1.1% | +1.5% | +0.9% |
DBIVX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 6.69%
- 3-year Sharpe ratio: 0.51 (vs 4.5% risk-free rate)
- Best month: +3.98% (Nov 2023)
- Worst month: −5.30% (Mar 2026)
DBIVX Fund Flows
Monthly money in and out of DWS Global Macro Fund, from SEC Form N-PORT.
- 12-month net flow: −$8.6M
- 12-month gross sales (incl. reinvestments): $17.4M
- Sales ÷ redemptions: 0.67×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $341K | $1.6M | −$1.2M |
| Jun 2026 | $1.1M | $1.2M | −$158K |
| May 2026 | $235K | $1.3M | −$1.0M |
| Apr 2026 | $265K | $1.2M | −$912K |
| Mar 2026 | $1.3M | $1.9M | −$601K |
| Feb 2026 | $9.4M | $1.4M | $8.1M |
| Jan 2026 | $525K | $1.6M | −$1.0M |
| Dec 2025 | $1.8M | $2.6M | −$821K |
| Nov 2025 | $160K | $635K | −$475K |
| Oct 2025 | $498K | $1.9M | −$1.4M |
| Sep 2025 | $1.2M | $1.4M | −$148K |
| Aug 2025 | $619K | $9.4M | −$8.8M |
DBIVX Assets Under Management
Net assets of DWS Global Macro Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $178.82M |
| 2026-04-30 | $181.15M |
| 2026-01-31 | $174.41M |
| 2025-10-31 | $170.64M |
| 2025-07-31 | $172.73M |
| 2025-04-30 | $169.69M |
| 2025-01-31 | $168.99M |
| 2024-10-31 | $177.01M |
| 2024-07-31 | $196.61M |
| 2024-04-30 | $194.94M |
| 2024-01-31 | $199.26M |
| 2023-10-31 | $191.03M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.