KHYAX Fees and Costs — DWS High Income Fund, Class A
Data updated: 2026-08-27
The net expense ratio is 0.98%: a 0.47% management fee, a 0.23% 12b-1 fee plus 0.28% other expenses. This share class carries a maximum front-end sales load of 4.50%. Portfolio turnover was 158%.
KHYAX Fees and Expenses
Annual operating expenses and sales charges of KHYAX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | 0.23% |
| Other expenses | 0.28% |
| Gross expense ratio | 0.98% |
| Fee waiver | — |
| Net expense ratio | 0.98% |
| Sales charges | |
|---|---|
| Max front load | 4.50% |
| 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 |
KHYAX Costs Over Time
On $10,000 invested in KHYAX, assuming 5% a year before costs, total costs come to $1,160 over 5 years, cutting the return by 1.98% 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 | $450 | $450 | $450 |
| Fund expenses (net expense ratio 0.98%) | $98 | $307 | $532 |
| Lost growth on money paid in costs | $23 | $86 | $178 |
| Total costs | $571 | $843 | $1,160 |
| Value after costs | $9,929 | $10,733 | $11,603 |
| Impact on return, per year | 5.71% | 2.61% | 1.98% |
KHYAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $2.2B
- Portfolio turnover (prospectus): 158%
- Securities on loan, average value: $23.8M
- Net income from securities lending: $215K (0.043% of average net assets)
KHYAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $657.8M | 33.22% |
| BofA Securities, Inc. | $300.9M | 15.20% |
| Goldman Sachs & Co. LLC | $243.9M | 12.32% |
| J.P. Morgan Securities LLC | $243.7M | 12.31% |
| Morgan Stanley & Co. LLC | $222.4M | 11.23% |
| Citigroup Global Markets Inc. | $84.1M | 4.25% |
| Wells Fargo Securities, LLC | $70.9M | 3.58% |
| Barclays Capital Inc. | $65.8M | 3.32% |
| BNY Capital Markets, LLC | $45.6M | 2.30% |
| Jefferies LLC | $45.1M | 2.28% |
DWS High Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| KHYQX | Class R6 | 0.67% | none |
| KHYIX | Institutional Class | 0.73% | none |
| KHYSX | Class S | 0.77% | none |
| KHYAX | Class A | 0.98% | 4.50% |
| KHYCX | Class C | 1.73% | 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.