Presentation DWS Floating Rate Fund - DWS Investments
Presentation DWS Floating Rate Fund - DWS Investments
Presentation DWS Floating Rate Fund - DWS Investments
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A distinctive approach<br />
Philosophy<br />
We believe that default avoidance is the most significant driver of returns in the belowinvestment<br />
grade space. Issue selection is therefore the most important investment<br />
decision.<br />
Investment style<br />
Our “best ideas” portfolio<br />
— Our portfolio construction process is index-agnostic 1<br />
Bottom-up portfolio construction<br />
— Issue selection decisions drive sector allocations<br />
Target index-level risk, emphasizing the “belly” of the high-yield ratings spectrum<br />
— We focus on loans in which we have high conviction of repayment at face value<br />
(1) Though not a relevant factor in issue selection, the index is considered for risk management purposes in the portfolio construction phase.<br />
Deutsche Asset<br />
& Wealth Management Investment products: No bank guarantee I Not FDIC insured I May lose value 12
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