C000196310 Fees and Costs — DWS Short Duration High Income Fund, Class A
Data updated: 2020-02-27
The net expense ratio is 0.85%: a 0.40% management fee, a 0.25% 12b-1 fee plus 1.02% other expenses, less a 0.82% fee waiver. This share class carries a maximum front-end sales load of 2.75%. Portfolio turnover was 38%.
C000196310 Fees and Expenses
Annual operating expenses and sales charges of C000196310. Prospectus, as of January 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.02% |
| Gross expense ratio | 1.67% |
| Fee waiver | −0.82% |
| Net expense ratio | 0.85% |
| Sales charges | |
|---|---|
| Max front load | 2.75% |
| 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 |
C000196310 Costs Over Time
On $10,000 invested in C000196310, assuming 5% a year before costs, total costs come to $870 over 5 years, cutting the return by 1.47% 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 | $275 | $275 | $275 |
| Fund expenses (net expense ratio 0.85%) | $87 | $271 | $471 |
| Lost growth on money paid in costs | $14 | $57 | $123 |
| Total costs | $376 | $603 | $870 |
| Value after costs | $10,124 | $10,973 | $11,893 |
| Impact on return, per year | 3.76% | 1.86% | 1.47% |
C000196310 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $21.8M
- Portfolio turnover (prospectus): 38%
- Securities on loan, average value: $55K
- Net income from securities lending: $930 (0.006% of average net assets)
C000196310 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $12.8M | 63.79% |
| Barclays Capital Inc. | $1.4M | 7.08% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $1.3M | 6.34% |
| J.P. Morgan Securities LLC | $1.2M | 5.73% |
| Pershing LLC | $1.1M | 5.45% |
| Goldman Sachs & Co. LLC | $938K | 4.66% |
| Morgan Stanley & Co. LLC | $582K | 2.89% |
| Citigroup Global Markets Inc. | $317K | 1.58% |
| Wells Fargo Securities, LLC | $259K | 1.28% |
| MGM Resorts International | $242K | 1.20% |
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.