C000183463 Fees and Costs — DWS U.S. Multi-Factor Fund, Institutional Class
Data updated: 2020-01-24
The net expense ratio is 0.35%: a 0.15% management fee plus 0.31% other expenses, less a 0.11% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $10K in broker commissions, 0.0033% of average net assets, and portfolio turnover was 54%.
C000183463 Fees and Expenses
Annual operating expenses and sales charges of C000183463. Prospectus, as of December 31, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.31% |
| Gross expense ratio | 0.46% |
| Fee waiver | −0.11% |
| Net expense ratio | 0.35% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000183463 Costs Over Time
On $10,000 invested in C000183463, assuming 5% a year before costs, total costs come to $224 over 5 years, cutting the return by 0.37% 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 0.35%) | $37 | $115 | $202 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $6 | $20 |
| Total costs | $37 | $122 | $224 |
| Value after costs | $10,463 | $11,454 | $12,539 |
| Impact on return, per year | 0.37% | 0.37% | 0.37% |
C000183463 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0033%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $342.6M
- Portfolio turnover (prospectus): 54%
- Securities on loan, average value: $635K
- Net income from securities lending: $8K (0.003% of average net assets)
C000183463 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $4K | 42.14% |
| Goldman Sachs & Co. LLC | $3K | 28.21% |
| Citigroup Global Markets Inc. | $1K | 13.01% |
| JPMorgan Chase & Co. | $674 | 6.80% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $596 | 6.02% |
| Morgan Stanley & Co. LLC | $377 | 3.81% |
C000183463 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $78.9M | 23.02% |
| Goldman Sachs & Co. LLC | $76.0M | 22.17% |
| State Street Bank and Trust Company | $72.8M | 21.25% |
| UBS Securities LLC | $59.4M | 17.33% |
| Citigroup Global Markets Inc. | $55.5M | 16.19% |
| Nomura Securities International, Inc. | $130K | 0.04% |
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.