SLARX Fees and Costs — DWS Latin America Equity Fund, Institutional Class
Data updated: 2026-09-25
The net expense ratio is 1.14%: a 1.00% management fee plus 0.32% other expenses, less a 0.18% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $408K in broker commissions, 0.1545% of average net assets, and portfolio turnover was 120%.
SLARX Fees and Expenses
Annual operating expenses and sales charges of SLARX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.32% |
| Gross expense ratio | 1.32% |
| Fee waiver | −0.18% |
| Net expense ratio | 1.14% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
SLARX Costs Over Time
On $10,000 invested in SLARX, assuming 5% a year before costs, total costs come to $805 over 5 years, cutting the return by 1.36% 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 |
| Fund expenses (net expense ratio 1.14%) | $120 | $372 | $644 |
| Trading costs (broker commissions) | $16 | $50 | $87 |
| Lost growth on money paid in costs | $0 | $21 | $74 |
| Total costs | $136 | $444 | $805 |
| Value after costs | $10,364 | $11,132 | $11,958 |
| Impact on return, per year | 1.36% | 1.36% | 1.36% |
SLARX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1545%
- Total broker commissions: $408K
- Bought from dealers (principal trades, not a cost): $3.4M
- Portfolio turnover (prospectus): 120%
- Securities on loan, average value: $2.4M
- Net income from securities lending: $77K (0.029% of average net assets)
SLARX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $96K | 23.49% |
| BofA Securities, Inc. | $80K | 19.56% |
| BTG Pactual US Capital, LLC | $61K | 14.95% |
| Morgan Stanley & Co. LLC | $59K | 14.56% |
| Citigroup Global Markets Inc. | $36K | 8.77% |
| Santander Securities LLC | $25K | 6.08% |
| Bradesco Securities, Inc. | $21K | 5.05% |
| UBS Securities LLC | $16K | 3.83% |
| BNY Capital Markets, LLC | $15K | 3.70% |
| Scotia Capital (USA) Inc. | $32 | 0.01% |
SLARX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1.8M | 53.09% |
| Cencosud S.A. | $1.6M | 46.91% |
DWS Latin America 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 |
|---|---|---|---|
| SLAFX | Class S | 1.14% | none |
| SLARX | Institutional Class | 1.14% | none |
| SLANX | Class A | 1.39% | 5.75% |
| SLAPX | Class C | 2.14% | 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.