DFRAX Fees and Costs — DWS Floating Rate Fund, Class A
Data updated: 2026-04-27
The net expense ratio is 1.07% (1.35% before fee waivers). This share class carries a maximum front-end sales load of 2.75%. In fiscal 2025 the fund paid $3K in broker commissions, 0.0024% of average net assets, and portfolio turnover was 70%.
DFRAX Fees and Expenses
Annual operating expenses and sales charges of DFRAX. Prospectus, as of May 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.45% |
| Gross expense ratio | 1.35% |
| Fee waiver | −0.28% |
| Net expense ratio | 1.07% |
| Sales charges | |
|---|---|
| Max front load | 2.75% |
| 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 |
DFRAX Costs Over Time
On $10,000 invested in DFRAX, assuming 5% a year before costs, total costs come to $1,002 over 5 years, cutting the return by 1.70% 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 1.07%) | $109 | $341 | $590 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $14 | $60 | $136 |
| Total costs | $398 | $677 | $1,002 |
| Value after costs | $10,102 | $10,900 | $11,760 |
| Impact on return, per year | 3.98% | 2.09% | 1.70% |
DFRAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0024%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $308.9M
- Portfolio turnover (prospectus): 70%
- Securities lending: none during the year
DFRAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JonesTrading Institutional Services LLC | $3K | 100.00% |
DFRAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $155.0M | 54.24% |
| J.P. Morgan Securities LLC | $30.5M | 10.67% |
| BofA Securities, Inc. | $27.5M | 9.60% |
| Morgan Stanley & Co. LLC | $14.9M | 5.22% |
| Barclays Capital Inc. | $12.7M | 4.46% |
| Goldman Sachs & Co. LLC | $11.6M | 4.05% |
| UBS Securities LLC | $9.7M | 3.41% |
| Wells Fargo Securities, LLC | $9.7M | 3.38% |
| Jefferies LLC | $8.2M | 2.88% |
| RBC Capital Markets, LLC | $6.0M | 2.08% |
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.