COMAX Fees and Costs — DWS Digital Horizons Fund, Class A
Data updated: 2026-08-27
The net expense ratio is 1.25%: a 0.79% management fee, a 0.23% 12b-1 fee plus 0.42% other expenses, less a 0.19% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2025 the fund paid $27K in broker commissions, 0.0249% of average net assets, and portfolio turnover was 90%.
COMAX Fees and Expenses
Annual operating expenses and sales charges of COMAX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.79% |
| 12b-1 fee | 0.23% |
| Other expenses | 0.42% |
| Gross expense ratio | 1.44% |
| Fee waiver | −0.19% |
| Net expense ratio | 1.25% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
COMAX Costs Over Time
On $10,000 invested in COMAX, assuming 5% a year before costs, total costs come to $1,481 over 5 years, cutting the return by 2.56% 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 1.25%) | $124 | $385 | $665 |
| Trading costs (broker commissions) | $2 | $8 | $13 |
| Lost growth on money paid in costs | $29 | $110 | $228 |
| Total costs | $730 | $1,078 | $1,481 |
| Value after costs | $9,770 | $10,499 | $11,281 |
| Impact on return, per year | 7.30% | 3.36% | 2.56% |
COMAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0249%
- Total broker commissions: $27K
- Bought from dealers (principal trades, not a cost): $76.8M
- Portfolio turnover (prospectus): 90%
- Securities on loan, average value: $837K
- Net income from securities lending: $25K (0.023% of average net assets)
COMAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $8K | 31.04% |
| RBC Capital Markets, LLC | $6K | 23.87% |
| J.P. Morgan Securities LLC | $5K | 20.05% |
| Morgan Stanley & Co. LLC | $4K | 13.39% |
| BofA Securities, Inc. | $2K | 5.57% |
| UBS Securities LLC | $699 | 2.59% |
| Scotia Capital (USA) Inc. | $592 | 2.19% |
| Goldman Sachs & Co. LLC | $188 | 0.69% |
| Nomura Securities International, Inc. | $163 | 0.60% |
COMAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $75.0M | 97.54% |
| BofA Securities, Inc. | $1.1M | 1.41% |
| Jefferies LLC | $501K | 0.65% |
| J.P. Morgan Securities LLC | $310K | 0.40% |
DWS Digital Horizons Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| COMSX | Class S | 0.95% | none |
| COMZX | Institutional Class | 0.95% | none |
| COMAX | Class A | 1.25% | 5.75% |
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.