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Deutsche Strategic Income:KST


    As of 9/20/2017

    52 Wk Avg$12.16$12.87-5.56%
    52 Wk High$12.49$13.06-3.62%
    52 Wk Low$11.62$12.53-8.40%
    Regular Distribution TypeIncome Only
    Distribution Rate4.07%
    Distribution Amount$0.0420
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund seeks high current income through investment in lower rated corporate, emerging market and US Government issued fixed income securities

    Capital Structure

    As of 9/20/2017

    Total Net Assets:$76.825M
    Total Common Assets:$56.824M
    Common Shares Outstanding:4,358,304

    As of 5/31/2017

    Preferred Share Assets:
    Type of Preferred:
    Total Debt (USD): $20.000M
    Structural Leverage (USD): $20.000M
    Structural Leverage (%): 26.10%
    Effective Leverage (USD): $20.000M
    Effective Leverage (%): 26.10%
    Annual Expense Ratios

    As of 11/30/2016

      Per Common Share
    Management Fees0.85%
    Other Expenses:0.73%
    Baseline Expense: 1.57%
    Interest Expense:0.64%
    Total: 2.22%

    Fund Management

    Fund Sponsor
    Deutsche Investment Management Americas Inc.

    Portfolio Managers
    Thomas R. Bouchard (01 Feb 2016) / Gary Russell (30 Dec 2006)

    Category: Non-US/Other-Global Income
    Ticker: KST
    NAV Ticker: XKSTX
    Average Daily Volume (shares):
    Average Daily Volume (USD): M
    Inception Date: 4/29/1994
    Inception Share Price: $15.00
    Inception NAV: $13.97
    Tender Offer: No
    Term: No
    Fiscal Year End: November 30
    Third Party Links & Reports


    As of 9/20/2017

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 5/31/2017
    Annualized Distribution Rate on NAV:
    As of 9/20/2017
    Total Return on NAV (12 months):
    As of 9/20/2017
    Avg. UNII Per Share:
    As of 5/31/2017
    Avg. Portfolio Coupon:
    As of 9/20/2017
    Total % Portfolio Effectively Leveraged:
    As of 9/20/2017

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 9/20/2017

    PeriodAvg Discount
    6 Month-4.82%
    1 Year-5.56%
    3 Year-9.83%
    5 Year-7.43%

    As of 9/20/2017

    3 Month0.00
    6 Month0.10
    1 Year0.80
    Pricing History
    Date NAV Premium / Discount


    Calendar Year Total Returns

    As of 9/20/2017
    Category: Global Income Leveraged

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 9/20/2017
    Category: Global Income Leveraged

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 9/20/2017
    Number of Holdings:
    As of 8/31/2017
    Annual Portfolio Turnover:
    As of 11/30/2016
    Asset Allocation

    As of 2/28/2017 reported by Fund Sponsor

    Top Sectors

    As of 3/31/2017 reported by Fund Sponsor

    Consumer Discretionary 26.00%
    Materials 13.00%
    Industrials 12.00%
    Energy 10.00%
    Telecom Services 8.00%
    Health Care 7.00%
    Utilities 6.00%
    Information Technology 5.00%
    Financials 4.00%
    Consumer Staples 4.00%
    Top Holdings

    As of 8/31/2017 reported by Fund Sponsor

    HoldingValue% Portfolio
    Deutsche Central Cash Management Governm 1.06 01 Jan 2030$1.89M2.47%
    Calpine Corp. Term Loan B5 3-Month Libor 1.00 15 Jan 2024$1.81M2.37%
    Air Lease 4.75% 4.75 01 Mar 2020$1.18M1.54%
    Davita Healthcare Partners, Inc. Term Lo 1.00 24 Jun 2021$1.11M1.45%
    Nrg Energy, Inc. Term Loan B 1.00 30 Jun 2023$1.10M1.44%
    Pinnacle Foods Finance Llc Term Loan B 1.00 02 Feb 2024$1.04M1.36%
    Babson Clo Ltd 2015-Ii / Babson 144A FRN 5.11 20 Jul 2027$1.00M1.30%
    Atlantic Broadband Finance Llc Term Loan 1.00 30 Nov 2019$0.96M1.25%
    Reynolds Grp Issuer 5.75% 5.75 15 Oct 2020$0.94M1.22%
    Quebecor Media, Inc. Term Loan B1 1.00 17 Aug 2020$0.93M1.21%
    Hilton Worldwide Finance Llc Term Loan B 1.00 25 Oct 2023$0.87M1.14%
    Credit Quality

    As of 3/31/2017 reported by Fund Sponsor

    Country Allocation

    As of 3/31/2017 reported by Fund Sponsor

    Country% Portfolio
    USA 78.00%
    Other Countries 5.00%
    Canada 5.00%
    Ireland 2.00%
    Luxembourg 2.00%
    Cayman Islands 1.00%
    Netherlands 1.00%
    UK 1.00%
    France 1.00%
    Bermuda 1.00%
    Sri Lanka 1.00%
    Peru 1.00%
    Panama 1.00%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.


    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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