C000151075 Fees and Costs — DWS RREEF MLP & Energy Infrastructure Fund, Class S
Data updated: 2020-07-24
The net expense ratio is 0.70%: a 0.80% management fee plus 4.10% other expenses, less a 4.20% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $11K in broker commissions, 0.1061% of average net assets, and portfolio turnover was 92%.
C000151075 Fees and Expenses
Annual operating expenses and sales charges of C000151075. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 4.10% |
| Gross expense ratio | 4.90% |
| Fee waiver | −4.20% |
| Net expense ratio | 0.70% |
| 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 |
C000151075 Costs Over Time
On $10,000 invested in C000151075, assuming 5% a year before costs, total costs come to $506 over 5 years, cutting the return by 0.85% 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 0.70%) | $74 | $230 | $399 |
| Trading costs (broker commissions) | $11 | $35 | $61 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $85 | $278 | $506 |
| Value after costs | $10,415 | $11,299 | $12,257 |
| Impact on return, per year | 0.85% | 0.85% | 0.85% |
C000151075 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
C000151075 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% |
C000151075 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.