Fund Evaluator:
DWS Global High Income C (SGHCX)
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Best Performing in High Yield Bond Over the Last Year
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| 10.5% | Fidelity Advisor Capital & Income Z (FIQTX) |
| 7.4% | American Beacon SiM High Yld Opps Inv (SHYPX) |
| 7.4% | Fidelity Advisor High Income Z (FGUMX) |
| 7.2% | Fidelity High Income (SPHIX) |
Fund Details
DWS Global High Income C Overview
DWS Global High Income C (SGHCX) is an actively managed Taxable Bond High Yield Bond fund. DWS launched the fund in 2005.
The investment seeks high current income; capital growth is a secondary consideration. The fund invests at least 65% of total assets in domestic and foreign below investment grade debt securities. It generally invests in at least three different countries and will normally invest at least 40% of net assets in securities of foreign issuers. The fund invests in securities of varying maturities and the advisor intends to maintain a dollar-weighted effective average portfolio maturity (the weighted average of the maturity dates of bonds held by the fund) that will not exceed ten years.
About DWS Global High Income C (SGHCX)
There are 3 members of the management team with an average tenure of 3.20 years: Sarah Rowin (2023), Nick Soroka (2023), Kirk Maurer (2023). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg Global Aggregate TR USD index with a weighting of 100% and ICE BofA NFincl DvMkts HY Cstd hg TR USD index with a weighting of 100%. DWS Global High Income C has 299 securities in its portfolio. The top 10 holdings constitute 11.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
DWS Global High Income C is part of the Fixed Income global asset class and is within the Taxable Bond fund group. DWS Global High Income C has 34.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.0%. There is 0.0% allocated to foreign stock, and 1.2% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 95.7% (60.9% domestic bond, 34.8% foreign bond and 0.7% convertible bond). DWS Global High Income C has 1.4% of the portfolio in cash.
Assets Under Management
The fund has $2 million in total assets, which is below the $545 million average for the High Yield Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
SGHCX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The DWS Global High Income C expense ratio is high compared to funds in the High Yield Bond category. DWS Global High Income C has an expense ratio of 1.74%, which is 89% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. DWS Global High Income C has a portfolio turnover rate of 148%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 72% for the High Yield Bond category.
Recently, in the month of July 2026, DWS Global High Income C returned -0.5%, which earned it a grade of F, as the High Yield Bond category had an average return of -0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
DWS Global High Income C has a trailing yield of 5.35%, which is below the 6.28% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
DWS Global High Income C Grades
Year to date, the fund has returned 1.6%, 0.0 percentage points worse than the category, which translates into a grade of C. The fund has returned 5.0% over the past year (grade of B), 7.0% over the past three years (grade of D) and 3.1% per year over the past five years (grade of D) and 4.3% per year over the past 10 years (grade of F).
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SGHCX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| SGHCX Return (NAV) | -0.5% | 0.3% | 5.0% | 7.0% | 3.1% | 4.3% |
| SGHCX Grade | F | D | B | D | D | F |
| +/- Category | -0.2% | -0.1% | 0.2% | -0.5% | -0.6% | -0.6% |
| High Yield Bond Avg | -0.3% | 0.4% | 4.9% | 7.5% | 3.7% | 4.8% |
| SGHCX Tax Cost Ratio | na | na | 2.1% | 2.1% | 2.1% | 1.9% |
SGHCX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SGHCX Return (NAV) | 1.6% | 7.5% | 6.6% | 11.8% | -11.1% | 3.0% | 4.4% | 14.6% | -3.3% | 6.6% | 11.9% |
| SGHCX Grade | C | D | D | C | D | F | D | B | D | C | D |
| +/- Category | -0.0% | -0.3% | -1.0% | -0.1% | -1.1% | -2.1% | -0.9% | 1.6% | -0.6% | -0.1% | -1.5% |
| High Yield Bond Avg | 1.6% | 7.9% | 7.6% | 11.9% | -10.0% | 5.1% | 5.2% | 13.0% | -2.7% | 6.7% | 13.4% |
| Risk Measures | |
| Standard Deviation: | 4.2% |
| Total Risk Index: | 0.34 - Low |
| Category Risk Index: | 1.03 - Average |
| Category Risk Grade: | C (50% Rank) |
| Beta: | 0.60 |
| R-Squared: | 66% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | 5.4% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $235 Mil |
| Fund Total Assets: | $ 3 Mil |
| Share Class Type: | C |
| Portfolio Turnover: | 148% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 3.5 years | |||
| Average Tenure: 3.2 years | |||
| Managers (Year): Rowin Sarah (2023), Soroka Nick (2023), Maurer Kirk (2023) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 299 |
| % in Top 10 Holdings: | 11.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 34.8% |
Portfolio Allocation |
|
| Domestic Stock: | 1.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 1.2% |
| Domestic Bond: | 60.9% |
| Foreign Bond: | 34.8% |
| Convertible Bond: | 0.7% |
| Other: | 0.0% |
| Cash: | 1.4% |
Purchase Information
| Fund Family: | DWS |
| Phone Number: | 800-728-3337 |
| Website: | www.dws-investments.com |
| Status: | Open |
| Inception Date: | May 13, 2005 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 500 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 1.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 1.00% |
Expenses and Fees | |
| Expense Ratio (%): | 1.74% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.92% |
| Share Class: | DWS Global High Income Inst |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 50 |
