SPDAX Performance — DWS Multi-Asset Conservative Allocation Fund, Class A
Data updated: 2026-07-24
SPDAX returned +3.67% year to date and +11.46% over one year to May 2026. Annualised returns are +9.16% over 3 years and +3.34% over 5 years. The fund trailed its US Multi-Cap Blend category average: $100 invested three years ago grew to $130, against $147 for the category, and to $111 over one year, against $119. Volatility over the past three years was 7.23% a year. In the 12 months to May 2026 the fund lost a net $2.2M, and assets reached $57.78M.
SPDAX Growth of $100
What $100 invested in DWS Multi-Asset Conservative Allocation Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Multi-Cap Blend category average over the same months.
| Period | SPDAX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $111 | $119 |
| 3 years (Jun 2023 – May 2026) | $130 | $147 |
| 5 years (Jun 2021 – May 2026) | $118 | $136 |
| Since data start (Sep 2019 – May 2026) | $139 | $173 |
SPDAX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +3.67% |
| 1 year | +11.46% |
| 3 years (annualised) | +9.16% |
| 5 years (annualised) | +3.34% |
SPDAX Annual Returns
Calendar-year total returns of DWS Multi-Asset Conservative Allocation Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +3.67% |
| 2025 | +9.80% |
| 2024 | +6.21% |
| 2023 | +10.97% |
| 2022 | −14.87% |
| 2021 | +7.96% |
| 2020 | +8.04% |
| 2019 (Sep–Dec) | +3.99% |
SPDAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.2% | +1.3% | −3.0% | +2.6% | +1.6% | — | — | — | — | — | — | — |
| 2025 | +1.2% | +0.8% | −1.8% | +0.1% | +1.9% | +2.5% | +0.1% | +1.6% | +1.7% | +0.9% | +0.5% | −0.1% |
| 2024 | −0.4% | +0.8% | +2.2% | −3.2% | +3.1% | +0.7% | +2.4% | +1.7% | +1.6% | −2.6% | +2.4% | −2.2% |
| 2023 | +4.5% | −2.8% | +2.4% | +0.5% | −1.3% | +2.2% | +1.4% | −1.5% | −2.9% | −1.8% | +6.1% | +4.2% |
| 2022 | −3.4% | −1.8% | −0.2% | −5.3% | +0.4% | −4.9% | +4.3% | −2.9% | −6.3% | +2.0% | +5.3% | −2.5% |
| 2021 | −0.1% | +0.6% | +1.0% | +2.1% | +1.0% | +1.1% | +0.7% | +0.9% | −2.2% | +2.1% | −1.5% | +2.2% |
| 2020 | +0.2% | −3.0% | −9.2% | +5.3% | +2.9% | +1.5% | +3.3% | +2.0% | −1.7% | −0.9% | +5.9% | +2.4% |
| 2019 | — | — | — | — | — | — | — | — | +0.4% | +1.1% | +0.7% | +1.7% |
SPDAX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 7.23%
- 3-year Sharpe ratio: 0.65 (vs 4.5% risk-free rate)
- Best month: +6.08% (Nov 2023)
- Worst month: −3.22% (Apr 2024)
SPDAX Fund Flows
Monthly money in and out of DWS Multi-Asset Conservative Allocation Fund, from SEC Form N-PORT.
- 12-month net flow: −$2.2M
- 12-month gross sales (incl. reinvestments): $9.7M
- Sales ÷ redemptions: 0.81×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $307K | $1.1M | −$825K |
| Apr 2026 | $117K | $511K | −$394K |
| Mar 2026 | $535K | $1.1M | −$598K |
| Feb 2026 | $578K | $1.1M | −$563K |
| Jan 2026 | $337K | $581K | −$244K |
| Dec 2025 | $6.2M | $3.4M | $2.8M |
| Nov 2025 | $108K | $762K | −$654K |
| Oct 2025 | $172K | $576K | −$404K |
| Sep 2025 | $603K | $678K | −$75K |
| Aug 2025 | $44K | $926K | −$882K |
| Jul 2025 | $242K | $683K | −$440K |
| Jun 2025 | $457K | $377K | $79K |
SPDAX Assets Under Management
Net assets of DWS Multi-Asset Conservative Allocation Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $57.78M |
| 2026-02-28 | $59.41M |
| 2025-11-30 | $60.75M |
| 2025-08-31 | $60.42M |
| 2025-05-31 | $59.55M |
| 2025-02-28 | $60.96M |
| 2024-11-30 | $62.64M |
| 2024-08-31 | $64.02M |
| 2024-05-31 | $62.63M |
| 2024-02-29 | $63.08M |
| 2023-11-30 | $62.76M |
| 2023-08-31 | $63.47M |
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.