SZCAX Fees and Costs — DWS Small Cap Core Fund, Class A
Data updated: 2026-08-27
The net expense ratio is 1.15%: a 0.63% management fee, a 0.24% 12b-1 fee plus 0.28% other expenses. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2025 the fund paid $596K in broker commissions, 0.0667% of average net assets, and portfolio turnover was 16%.
SZCAX Fees and Expenses
Annual operating expenses and sales charges of SZCAX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.63% |
| 12b-1 fee | 0.24% |
| Other expenses | 0.28% |
| Gross expense ratio | 1.15% |
| Fee waiver | — |
| Net expense ratio | 1.15% |
| 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 | No |
| Waived fees subject to recoupment | No |
SZCAX Costs Over Time
On $10,000 invested in SZCAX, assuming 5% a year before costs, total costs come to $1,448 over 5 years, cutting the return by 2.50% 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 1.15%) | $114 | $354 | $613 |
| Trading costs (broker commissions) | $7 | $21 | $36 |
| Lost growth on money paid in costs | $29 | $109 | $224 |
| Total costs | $724 | $1,059 | $1,448 |
| Value after costs | $9,776 | $10,517 | $11,315 |
| Impact on return, per year | 7.24% | 3.30% | 2.50% |
SZCAX 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): 0.0667%
- Total broker commissions: $596K
- Bought from dealers (principal trades, not a cost): $496.9M
- Portfolio turnover (prospectus): 16%
- Securities on loan, average value: $20.0M
- Net income from securities lending: $45K (0.005% of average net assets)
SZCAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $186K | 31.45% |
| Citigroup Global Markets Inc. | $92K | 15.57% |
| BofA Securities, Inc. | $90K | 15.20% |
| UBS Securities LLC | $72K | 12.22% |
| RBC Capital Markets, LLC | $41K | 6.98% |
| JonesTrading Institutional Services LLC | $40K | 6.78% |
| Morgan Stanley & Co. LLC | $29K | 4.88% |
| J.P. Morgan Securities LLC | $21K | 3.63% |
| Scotia Capital (USA) Inc. | $17K | 2.85% |
| Barclays Capital Inc. | $3K | 0.44% |
SZCAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $489.0M | 98.40% |
| BofA Securities, Inc. | $4.3M | 0.87% |
| RBC Capital Markets, LLC | $1.9M | 0.38% |
| Jefferies LLC | $1.8M | 0.35% |
DWS Small Cap Core Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SZCRX | Class R6 | 0.79% | none |
| SZCIX | Institutional Class | 0.86% | none |
| SSLCX | Class S | 0.89% | none |
| SZCAX | Class A | 1.15% | 5.75% |
| SZCCX | Class C | 1.94% | 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.