SKNRX Fees and Costs — DWS Enhanced Commodity Strategy Fund, Class A
Data updated: 2026-09-24
The net expense ratio is 1.09%: a 0.78% management fee, a 0.24% 12b-1 fee plus 0.37% other expenses, less a 0.30% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2026 the fund paid $113K in broker commissions, 0.0132% of average net assets, and portfolio turnover was 33%.
SKNRX Fees and Expenses
Annual operating expenses and sales charges of SKNRX. Prospectus, as of September 24, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.78% |
| 12b-1 fee | 0.24% |
| Other expenses | 0.37% |
| Gross expense ratio | 1.39% |
| Fee waiver | −0.30% |
| Net expense ratio | 1.09% |
| 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 |
SKNRX Costs Over Time
On $10,000 invested in SKNRX, assuming 5% a year before costs, total costs come to $1,383 over 5 years, cutting the return by 2.38% 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 1.09%) | $108 | $336 | $582 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $29 | $107 | $218 |
| Total costs | $713 | $1,023 | $1,383 |
| Value after costs | $9,787 | $10,553 | $11,380 |
| Impact on return, per year | 7.13% | 3.19% | 2.38% |
SKNRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0132%
- Total broker commissions: $113K
- Bought from dealers (principal trades, not a cost): $3.2B
- Portfolio turnover (prospectus): 33%
- Securities on loan, average value: $8.3M
- Net income from securities lending: $148K (0.017% of average net assets)
SKNRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $98K | 86.86% |
| State Street Bank and Trust Company | $15K | 13.14% |
SKNRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Brown Brothers Harriman Investments, LLC | $2.2B | 71.13% |
| J.P. Morgan Securities LLC | $277.1M | 8.95% |
| BMO Capital Markets Corp. | $129.3M | 4.18% |
| Citigroup Global Markets Inc. | $123.0M | 3.97% |
| Morgan Stanley & Co. LLC | $104.7M | 3.38% |
| Barclays Capital Inc. | $98.3M | 3.18% |
| Wells Fargo Securities, LLC | $55.9M | 1.81% |
| BofA Securities, Inc. | $37.0M | 1.20% |
| BNY Capital Markets, LLC | $35.9M | 1.16% |
| BNP Paribas Securities Corp. | $32.3M | 1.04% |
DWS Enhanced Commodity Strategy Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SKIRX | Institutional Class | 0.84% | none |
| SKRRX | Class R6 | 0.84% | none |
| SKSRX | Class S | 0.94% | none |
| SKNRX | Class A | 1.09% | 5.75% |
| SKCRX | Class C | 1.84% | 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.