AAAVX Fees and Costs — DWS RREEF Real Assets Fund, Class R6
Data updated: 2026-08-27
The net expense ratio is 0.90%: a 0.78% management fee plus 0.12% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $3.1M in broker commissions, 0.0702% of average net assets, and portfolio turnover was 94%.
AAAVX Fees and Expenses
Annual operating expenses and sales charges of AAAVX. Prospectus, as of July 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.78% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.12% |
| Gross expense ratio | 0.90% |
| Fee waiver | — |
| Net expense ratio | 0.90% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
AAAVX Costs Over Time
On $10,000 invested in AAAVX, assuming 5% a year before costs, total costs come to $607 over 5 years, cutting the return by 1.02% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.90%) | $94 | $295 | $512 |
| Trading costs (broker commissions) | $7 | $23 | $40 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $102 | $334 | $607 |
| Value after costs | $10,398 | $11,243 | $12,156 |
| Impact on return, per year | 1.02% | 1.02% | 1.02% |
AAAVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0702%
- Total broker commissions: $3.1M
- Bought from dealers (principal trades, not a cost): $8.3B
- Portfolio turnover (prospectus): 94%
- Securities on loan, average value: $139.0M
- Net income from securities lending: $1.4M (0.033% of average net assets)
AAAVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $567K | 19.74% |
| Morgan Stanley & Co. LLC | $519K | 18.09% |
| Goldman Sachs & Co. LLC | $446K | 15.54% |
| RBC Capital Markets, LLC | $331K | 11.55% |
| BofA Securities, Inc. | $328K | 11.42% |
| Citigroup Global Markets Inc. | $309K | 10.76% |
| UBS Securities LLC | $203K | 7.07% |
| Nomura Securities International, Inc. | $70K | 2.43% |
| Mizuho Securities USA LLC | $51K | 1.79% |
| CIBC World Markets Corp. | $46K | 1.62% |
AAAVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $5.2B | 64.91% |
| J.P. Morgan Securities LLC | $863.5M | 10.81% |
| Morgan Stanley & Co. LLC | $514.8M | 6.45% |
| Wells Fargo Securities, LLC | $410.4M | 5.14% |
| RBC Capital Markets, LLC | $232.7M | 2.91% |
| Goldman Sachs & Co. LLC | $189.8M | 2.38% |
| BNP Paribas Securities Corp. | $189.6M | 2.37% |
| HSBC Securities (USA) Inc. | $158.4M | 1.98% |
| Citigroup Global Markets Inc. | $142.8M | 1.79% |
| Barclays Capital Inc. | $99.8M | 1.25% |
DWS RREEF Real Assets Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| AAAVX | Class R6 | 0.90% | none |
| AAAZX | Institutional Class | 0.90% | none |
| AAASX | Class S | 1.00% | none |
| AAAAX | Class A | 1.15% | 5.75% |
| AAAQX | Class R | 1.40% | none |
| AAAPX | Class C | 1.90% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.