C000151072 Fees and Costs — DWS RREEF MLP & Energy Infrastructure Fund, Class A
Data updated: 2020-07-24
The net expense ratio is 0.85%: a 0.80% management fee, a 0.23% 12b-1 fee plus 4.12% other expenses, less a 4.30% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2019 the fund paid $11K in broker commissions, 0.1061% of average net assets, and portfolio turnover was 92%.
C000151072 Fees and Expenses
Annual operating expenses and sales charges of C000151072. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.23% |
| Other expenses | 4.12% |
| Gross expense ratio | 5.15% |
| Fee waiver | −4.30% |
| Net expense ratio | 0.85% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
C000151072 Costs Over Time
On $10,000 invested in C000151072, assuming 5% a year before costs, total costs come to $1,298 over 5 years, cutting the return by 2.23% 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 | $575 | $575 | $575 |
| Fund expenses (net expense ratio 0.85%) | $84 | $263 | $456 |
| Trading costs (broker commissions) | $10 | $33 | $57 |
| Lost growth on money paid in costs | $29 | $105 | $211 |
| Total costs | $698 | $976 | $1,298 |
| Value after costs | $9,802 | $10,601 | $11,465 |
| Impact on return, per year | 6.98% | 3.04% | 2.23% |
C000151072 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.1061%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $10.9M
- Portfolio turnover (prospectus): 92%
- Securities lending: none during the year
C000151072 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $3K | 31.27% |
| Citigroup Global Markets Inc. | $2K | 17.55% |
| UBS Securities LLC | $1K | 12.79% |
| RBC Capital Markets, LLC | $1K | 10.28% |
| BofA Securities, Inc. | $866 | 8.19% |
| Goldman Sachs & Co. LLC | $723 | 6.83% |
| Credit Suisse Securities (USA) LLC | $490 | 4.63% |
| Morgan Stanley & Co. LLC | $429 | 4.06% |
| Pershing LLC | $308 | 2.91% |
| Instinet, LLC | $158 | 1.49% |
C000151072 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $10.9M | 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.