PPIAX Fees and Costs — DWS Short Duration Fund, Class A
Data updated: 2026-08-27
The net expense ratio is 0.59%: a 0.37% management fee, a 0.25% 12b-1 fee plus 0.25% other expenses, less a 0.28% fee waiver. This share class carries a maximum front-end sales load of 2.25%. In fiscal 2025 the fund paid $22K in broker commissions, 0.0019% of average net assets, and portfolio turnover was 133%.
PPIAX Fees and Expenses
Annual operating expenses and sales charges of PPIAX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.37% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.25% |
| Gross expense ratio | 0.87% |
| Fee waiver | −0.28% |
| Net expense ratio | 0.59% |
| Sales charges | |
|---|---|
| Max front load | 2.25% |
| 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 |
PPIAX Costs Over Time
On $10,000 invested in PPIAX, assuming 5% a year before costs, total costs come to $652 over 5 years, cutting the return by 1.10% 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 | $225 | $225 | $225 |
| Fund expenses (net expense ratio 0.59%) | $61 | $190 | $330 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $11 | $45 | $95 |
| Total costs | $297 | $460 | $652 |
| Value after costs | $10,203 | $11,116 | $12,111 |
| Impact on return, per year | 2.97% | 1.41% | 1.10% |
PPIAX 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): 0.0019%
- Total broker commissions: $22K
- Bought from dealers (principal trades, not a cost): $3.9B
- Portfolio turnover (prospectus): 133%
- Securities on loan, average value: $13.3M
- Net income from securities lending: $148K (0.013% of average net assets)
PPIAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $22K | 100.00% |
PPIAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.0B | 29.23% |
| Goldman Sachs & Co. LLC | $574.2M | 16.78% |
| J.P. Morgan Securities LLC | $381.5M | 11.15% |
| BofA Securities, Inc. | $319.1M | 9.32% |
| Citigroup Global Markets Inc. | $280.2M | 8.19% |
| Wells Fargo Securities, LLC | $246.6M | 7.21% |
| Morgan Stanley & Co. LLC | $215.0M | 6.28% |
| BNP Paribas Securities Corp. | $184.7M | 5.40% |
| Mizuho Securities USA LLC | $115.7M | 3.38% |
| BNY Capital Markets, LLC | $104.6M | 3.06% |
DWS Short Duration Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DBPIX | Class S | 0.34% | none |
| PPILX | Institutional Class | 0.34% | none |
| PPLZX | Class R6 | 0.34% | none |
| PPIAX | Class A | 0.59% | 2.25% |
| PPLCX | Class C | 1.34% | 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.