DBIVX Fees and Costs — DWS Global Macro Fund, Class S
Data updated: 2026-09-25
The net expense ratio is 0.87% (1.07% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $7K in broker commissions, 0.0042% of average net assets, and portfolio turnover was 12%.
DBIVX Fees and Expenses
Annual operating expenses and sales charges of DBIVX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.45% |
| Gross expense ratio | 1.07% |
| Fee waiver | −0.20% |
| Net expense ratio | 0.87% |
| 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 |
DBIVX Costs Over Time
On $10,000 invested in DBIVX, assuming 5% a year before costs, total costs come to $548 over 5 years, cutting the return by 0.92% 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 0.87%) | $91 | $285 | $496 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $92 | $301 | $548 |
| Value after costs | $10,408 | $11,275 | $12,215 |
| Impact on return, per year | 0.92% | 0.92% | 0.92% |
DBIVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0042%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $101.6M
- Portfolio turnover (prospectus): 12%
- Securities on loan, average value: $169K
- Net income from securities lending: $6K (0.003% of average net assets)
DBIVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $2K | 33.80% |
| BofA Securities, Inc. | $1K | 19.91% |
| Morgan Stanley & Co. LLC | $827 | 11.90% |
| Goldman Sachs & Co. LLC | $652 | 9.38% |
| UBS Securities LLC | $537 | 7.73% |
| J.P. Morgan Securities LLC | $522 | 7.52% |
| SG Americas Securities, LLC | $281 | 4.05% |
| Berenberg Capital Markets LLC | $141 | 2.03% |
| RBC Capital Markets, LLC | $138 | 1.99% |
| Liquidnet, Inc. | $118 | 1.69% |
DBIVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Brown Brothers Harriman Investments, LLC | $89.8M | 88.39% |
| Morgan Stanley & Co. LLC | $3.6M | 3.56% |
| BofA Securities, Inc. | $3.2M | 3.14% |
| Virtu Americas LLC | $1.4M | 1.36% |
| Citigroup Global Markets Inc. | $1.0M | 0.99% |
| Goldman Sachs & Co. LLC | $923K | 0.91% |
| UBS Securities LLC | $896K | 0.88% |
| Wells Fargo Securities, LLC | $781K | 0.77% |
DWS Global Macro Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DBIVX | Class S | 0.87% | none |
| DBIWX | Class R6 | 0.87% | none |
| MGINX | Institutional Class | 0.87% | none |
| DBISX | Class A | 1.12% | 5.75% |
| DBICX | Class C | 1.87% | none |
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.