DESAX Fees and Costs — DWS ESG Core Equity Fund, Class A
Data updated: 2026-07-24
The net expense ratio is 0.80%: a 0.46% management fee, a 0.24% 12b-1 fee plus 0.22% other expenses, less a 0.12% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2025 the fund paid $17K in broker commissions, 0.0067% of average net assets, and portfolio turnover was 16%.
DESAX Fees and Expenses
Annual operating expenses and sales charges of DESAX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.46% |
| 12b-1 fee | 0.24% |
| Other expenses | 0.22% |
| Gross expense ratio | 0.92% |
| Fee waiver | −0.12% |
| Net expense ratio | 0.80% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
DESAX Costs Over Time
On $10,000 invested in DESAX, assuming 5% a year before costs, total costs come to $1,211 over 5 years, cutting the return by 2.07% 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 0.80%) | $79 | $248 | $430 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $29 | $103 | $203 |
| Total costs | $684 | $928 | $1,211 |
| Value after costs | $9,816 | $10,649 | $11,552 |
| Impact on return, per year | 6.84% | 2.88% | 2.07% |
DESAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0067%
- Total broker commissions: $17K
- Bought from dealers (principal trades, not a cost): $87.3M
- Portfolio turnover (prospectus): 16%
- Securities on loan, average value: $1.3M
- Net income from securities lending: $14K (0.005% of average net assets)
DESAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $9K | 52.47% |
| Citigroup Global Markets Inc. | $3K | 15.55% |
| UBS Securities LLC | $2K | 12.41% |
| RBC Capital Markets, LLC | $1K | 8.43% |
| BofA Securities, Inc. | $906 | 5.37% |
| J.P. Morgan Securities LLC | $565 | 3.35% |
| Morgan Stanley & Co. LLC | $343 | 2.03% |
| Scotia Capital (USA) Inc. | $64 | 0.38% |
DESAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $87.3M | 100.00% |
DWS ESG Core Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DESGX | Institutional Class | 0.55% | none |
| DESSX | Class S | 0.55% | none |
| DESUX | Class R6 | 0.55% | none |
| DESAX | Class A | 0.80% | 5.75% |
| DESRX | Class R | 1.05% | none |
| DESCX | Class C | 1.55% | 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.