DWS RREEF Real Assets Fund
Data updated: 2026-08-27
C000186452 — DWS RREEF Real Assets Fund. Global (incl. US) Mid Cap Blend / Core Equity · $4.64B AUM. Holdings, fees, performance and SEC filings.
C000186452 Fund Overview
DWS RREEF Real Assets Fund is a US mutual fund managed by Deutsche Dws Market Trust, categorised as Global (incl. US) Mid Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Deutsche Dws Market Trust
- Category: Global (incl. US) Mid Cap Blend / Core Equity
- Assets under management: $4.64B
- 1-year return: -9.4%
- SEC CIK: 0000095603
- SEC series ID: S000032019
- Share class ID: C000186452
C000186452 Investment Objective and Strategy
DWS RREEF Real Assets Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Deutsche Dws Market Trust.
Investment objective
The fund seeks total return in excess of inflation through capital growth and current income.
Principal investment strategy
"Main investments. The fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes (calculated at the time of any investment), in a combination of investments that the Advisor believes offer exposure to ""real assets."" Currently, the Advisor intends to seek exposure to the following real assets categories (either directly or through investments in companies that own or derive a significant portion of their value from such real assets or the production thereof): real estate (REITs and real estate operating companies), commodities (commodity futures), natural resource related equities (energy, metals and mining, paper and forestry, chemicals), infrastructure (regulated utilities, transport, communications, pipelines, seaports, airports and toll roads), gold and other precious metals, master limited partnerships (MLPs), Treasury Inflation-Protected Securities (TIPS) and other fixed income securities.
However, these exposures may change from time to time and exposures to new real assets categories may be added or exposures to existing real assets categories may be deleted. The fund generally invests between 25% and 75% of fund assets in securities of foreign issuers, including up to 10% of fund assets in issuers located in countries with new or emerging markets. The fund may invest up to 10% of its net assets in affiliated and unaffiliated exchange-traded funds (ETFs) and may also invest in certain other securities, including fixed income securities, and derivative instruments, including gold futures contracts and other commodity-linked futures. With respect to investments in fixed income securities, the fund may hold securities of any quality, maturity or duration. The fund may gain exposure to the commodity markets by investing up to 25% of the fund's total assets in a wholly owned subsidiary formed under the laws of the Cayman Islands (the ""Subsidiary""), which shares the same portfolio management team as the fund and invests mainly in commodity-linked derivative instruments (including, but not limited to, futures contracts, options, and total return swaps) and fixed income instruments, some of which may serve as margin or collateral for the Subsidiary's derivatives positions.
Management process. The investment process starts with top-down allocations to each of the underlying real assets categories, and then continues with allocations to the subsectors within each category. Portfolio management then monitors the current economic environment and reviews the real assets category and subsector allocations. Investment positions are adjusted on an ongoing basis based upon portfolio management's macro views in an effort to increase returns through tactical allocations. Within each of the subsectors, portfolio management values each individual security and uses the relative attractiveness of each to select the best investments to fill the subsector allocations defined by the top-down allocation process. The portfolio is continuously monitored for risk management purposes.
Derivatives. In addition to the commodity-linked derivatives, portfolio management generally may, but is not required to, use forward currency contracts (i) to hedge the fund's exposure to changes in foreign currency denominated portfolio holdings; (ii) to facilitate transactions in foreign currency denominated securities; or (iii) for non-hedging purposes to seek to enhance potential gains. The fund may also use other types of derivatives (i) for hedging purposes; (ii) for risk management; (iii) for non-hedging purposes to seek to enhance potential gains; or (iv) as a substitute for direct investment in a particular asset class or to keep cash on hand to meet shareholder redemptions. Securities lending. The fund may lend securities (up to one-third of total assets) to approved institutions, such as registered broker-dealers, banks and pooled investment vehicles.
Active Trading. The fund may trade securities actively and this may lead to high portfolio turnover."
C000186452 Holdings
Top 10 holdings of DWS RREEF Real Assets Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Dws | 4.32% |
| Williams Cos Inc/The | 2.74% |
| Prologis Inc | 2.58% |
| United States Treasury | 2.18% |
| United States Treasury | 2.17% |
| United States Treasury | 2.14% |
| Welltower Inc | 2.13% |
| Equinix Inc | 2.04% |
| American Tower Corp | 1.96% |
| TC Energy Corp | 1.95% |
C000186452 Portfolio Allocation
Asset-class allocation of DWS RREEF Real Assets Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 80.2% |
| Cash & Equivalents | 16.7% |
| Fixed Income | 6.0% |
C000186452 Performance
Total returns for C000186452 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -9.4% |
| 3 years (annualised) | 3.9% |
C000186452 Risk Information
Risk metrics for C000186452, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 19.7%
C000186452 Costs and Fees
C000186452 costs about $122 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.22%
- Gross expense ratio: 1.23%
- Portfolio turnover: 94%
- Brokerage commissions: 7.02 bps of average net assets (SEC N-CEN)
C000186452 Cashflows
Over the 12 months to 2026-06, DWS RREEF Real Assets Fund had net inflows of $221.33M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $192.52M |
| 2026-05 | −$5.96M |
| 2026-04 | −$9.47M |
| 2026-03 | −$30.21M |
| 2026-02 | $27.14M |
| 2026-01 | −$38.25M |
C000186452 Debt Constituents
Largest debt holdings of DWS RREEF Real Assets Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Treasury | 1.05% |
| United States Treasury | 1.04% |
| United States Treasury | 1.04% |
| United States Treasury | 1.02% |
| United States Treasury | 0.95% |
| United States Treasury | 0.51% |
| United States Treasury | 0.36% |
C000186452 Prospectus and SEC Filings
Official DWS RREEF Real Assets Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-07-27
- Prospectus (485BPOS) — filed 2025-07-23
- Prospectus (485BPOS) — filed 2024-07-29
- Portfolio holdings (N-PORT) — filed 2026-08-27
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-26
- Annual census (N-CEN) — filed 2026-06-08
- Annual census (N-CEN) — filed 2025-06-06
Related Funds
Other Global (incl. US) Mid Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.