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  5. DWS Global Credit Fund - Managed fund profile

DWS Global Credit Fund - Managed Fund (Closed)

Fund Objective
To outperform the Lehman Brothers Global Aggregate Index hedged into A$, before fees, over rolling three year periods. Recommended investment period is 3 years or more.
Fund Strategy
Invests in government and non-government securities. The Fund will have an average credit rating at all times of not less than A- (Standard & Poor's) or its equivalent. Asset allocation ranges: global government bonds 20-100%, other investment grade debt 0-80%, global high-yield and emerging market debt 0-10%.

Fund Performance Comparison

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Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 0.28% 1.01% 3.11% 5.4% 5.24% 4.18% 5.51% 6.2%
Growth return 0.28% 1.01% 1.74% 1.72% 1.78% -0.67% -1.44% -5.07%
Income return 0% 0% 1.37% 3.68% 3.46% 4.85% 6.95% 11.27%
Market index (Bloomberg Global Aggregate TR Hdg AUD)
Total return 0.49% 1.25% 1.39% 2.84% 4.39% 2.5% -0.63% 1.95%
As at 30 Apr 2008. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

DWS Global Credit Fund
Cash
10.23%
Fixed Interest
89.77%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Alternatives
0%
Average Allocation of Peers
Cash
5.47%
Fixed Interest
92.30%
Australian Equities
0.06%
International Equities
0.01%
Property & Infrastructure
0%
Alternatives
2.17%

General Information

Fund Details
Type Description
DWS Global Credit Fund
Closed
Deutsche Bank Australia
MGL0113AU
Bonds - Global
starstarstar (as at 30 Apr 2008)
Investment Fund
1 Aug 1996
$16.9 million (as at 31 Mar 2008)
$0.6496 (as at 30 Apr 2008)
$0.6496 (as at 30 Apr 2008)
Finalised
Offer information
Type Description
MER 0.55% (as at 30 Jun 2007)
Indirect Cost Ratio (ICR) 0.55% (as at 30 Jun 2006)
Minimum initial investment $25,000

Top 10 holdings (as at 31 Mar 2008)

Holding (as at 31 Mar 2008) Type % of Portfolio
DWS Invest Corp Spread Dyn FD Inc Mutual Fund - Open End 17.60%
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FAQs about the DWS Global Credit Fund

The objective of the DWS Global Credit Fund managed fund is To outperform the Lehman Brothers Global Aggregate Index hedged into A$, before fees, over rolling three year periods. Recommended investment period is 3 years or more.

The strategy of the DWS Global Credit Fund managed fund is Invests in government and non-government securities. The Fund will have an average credit rating at all times of not less than A- (Standard & Poor's) or its equivalent. Asset allocation ranges: global government bonds 20-100%, other investment grade debt 0-80%, global high-yield and emerging market debt 0-10%.

The APIR code of the DWS Global Credit Fund managed fund is MGL0113AU.

DWS Global Credit Fund’s total return last month was 0.28%. This was made up of a growth return of 0.28% and an income return of 0%. These returns were calculated as at 30 Apr 2008.

DWS Global Credit Fund’s total return for the last three months was 1.01%. This was made up of a growth return of 1.01% and an income return of 0%%. These returns were calculated as at 30 Apr 2008.

DWS Global Credit Fund’s one-year total return is 5.4%. This was made up of a growth return of 1.72% and an income return of 3.68%. These returns were calculated as at 30 Apr 2008.

DWS Global Credit Fund’s one-year total return is 4.18%. This was made up of a growth return of -0.67% and an income return of 4.85%. These returns were calculated as at 30 Apr 2008.

The asset allocation of the DWS Global Credit Fund managed fund is :

Cash
10.23%
Fixed Interest
89.77%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Alternatives
0%

The Responsible Entity for the DWS Global Credit Fund managed fund is Deutsche Bank Australia.

The DWS Global Credit Fund managed fund belongs to the Bonds - Global sector/asset class.

As at 31 Mar 2008, the size of the DWS Global Credit Fund managed fund was $16.9 million.

The DWS Global Credit Fund managed fund has an inception date of 1 Aug 1996.

The current entry price of the DWS Global Credit Fund managed fund is $0.6496 per unit and the current exit price is $0.6496 per unit (as at 30 Apr 2008).

The current exit price of the DWS Global Credit Fund managed fund is $0.6496 per unit and the current entry price is $0.6496 per unit (as at 30 Apr 2008).

The minimum initial investment amount for the DWS Global Credit Fund managed fund is $25,000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.