Category: Open Ended Investment Company
The fund is passively managed. The aim is for your investment to reflect the performance of the Bloomberg Barclays USD Liquid Investment Grade Corporate Index (index). The index is designed to reflect the performance of fixed-interest tradable debt (bonds) which are investments that pay out a fixed level of income or interest. The bonds are issued by financial, utility or industrial US and non-US companies that meet specific maturity, credit rating and liquidity requirements. Bonds are only eligible for inclusion in the index if they meet certain pre-determined standards. They must also be rated as “investment grade”, meaning they have been judged by an independent agency as likely to meet their payment obligations. The index is calculated on a total return basis. This means that all interest payments received from bonds are reinvested in the index. The index is reviewed and rebalanced monthly. To achieve the aim, the fund will attempt to replicate the index, before fees and expenses, by buying a portfolio of securities that may comprise the constituents of the index or other unrelated investments as determined by DWS entities. The fund may employ techniques and instruments in order to manage risk, reduce costs and improve results. These techniques and instruments may include the use of derivatives. The fund may also engage in secured lending of its investments to certain eligible third parties to generate additional income to offset the costs of the fund. The currency of the fund is USD. The fund distributes up to four times per annum. You may request the redemption of shares generally on a daily basis.