C000016565 Fees and Costs — DWS World Dividend Fund, Class C
Data updated: 2020-01-09
The net expense ratio is 1.97%: a 0.67% management fee, a 1.00% 12b-1 fee plus 0.36% other expenses, less a 0.06% fee waiver. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2019 the fund paid $51K in broker commissions, 0.0292% of average net assets, and portfolio turnover was 30%.
C000016565 Fees and Expenses
Annual operating expenses and sales charges of C000016565. Prospectus, as of January 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.67% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.36% |
| Gross expense ratio | 2.03% |
| Fee waiver | −0.06% |
| Net expense ratio | 1.97% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000016565 Costs Over Time
On $10,000 invested in C000016565, assuming 5% a year before costs, total costs come to $1,226 over 5 years, cutting the return by 2.10% 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 |
| Sales charges | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.97%) | $207 | $639 | $1,096 |
| Trading costs (broker commissions) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $0 | $32 | $114 |
| Total costs | $313 | $681 | $1,226 |
| Value after costs | $10,187 | $10,896 | $11,537 |
| Impact on return, per year | 3.13% | 2.10% | 2.10% |
C000016565 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0292%
- Total broker commissions: $51K
- Bought from dealers (principal trades, not a cost): $95.1M
- Portfolio turnover (prospectus): 30%
- Securities on loan, average value: $3.8M
- Net income from securities lending: $332K (0.189% of average net assets)
C000016565 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $23K | 44.97% |
| J.P. Morgan Securities LLC | $11K | 21.62% |
| Goldman Sachs & Co. LLC | $5K | 9.96% |
| BofA Securities, Inc. | $4K | 7.30% |
| Instinet, LLC | $3K | 6.45% |
| RBC Capital Markets, LLC | $2K | 3.35% |
| Morgan Stanley & Co. LLC | $1K | 2.85% |
| Citigroup Global Markets Inc. | $1K | 2.14% |
| Barclays Capital Inc. | $497 | 0.97% |
| Scotia Capital (USA) Inc. | $199 | 0.39% |
C000016565 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Brown Brothers Harriman & Co. | $95.1M | 100.00% |
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.