SZEAX Fees and Costs — DWS Emerging Markets Fixed Income Fund, Class A
Data updated: 2026-09-25
The net expense ratio is 1.16%: a 0.59% management fee, a 0.23% 12b-1 fee plus 0.80% other expenses, less a 0.46% fee waiver. This share class carries a deferred sales charge of up to 4.50%. Portfolio turnover was 110%.
SZEAX Fees and Expenses
Annual operating expenses and sales charges of SZEAX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | 0.23% |
| Other expenses | 0.80% |
| Gross expense ratio | 1.62% |
| Fee waiver | −0.46% |
| Net expense ratio | 1.16% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | 4.50% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
SZEAX Costs Over Time
On $10,000 invested in SZEAX, assuming 5% a year before costs, total costs come to $723 over 5 years, cutting the return by 1.22% 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 | $467 | $0 | $0 |
| Fund expenses (net expense ratio 1.16%) | $122 | $379 | $657 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $589 | $398 | $723 |
| Value after costs | $9,911 | $11,178 | $12,040 |
| Impact on return, per year | 5.89% | 1.22% | 1.22% |
SZEAX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $194.8M
- Portfolio turnover (prospectus): 110%
- Securities on loan, average value: $453K
- Net income from securities lending: $2K (0.004% of average net assets)
SZEAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Brown Brothers Harriman Investments, LLC | $90.9M | 55.21% |
| Barclays Capital Inc. | $12.8M | 7.77% |
| BofA Securities, Inc. | $11.4M | 6.90% |
| Goldman Sachs & Co. LLC | $11.3M | 6.83% |
| BNP Paribas Securities Corp. | $9.1M | 5.51% |
| J.P. Morgan Securities LLC | $8.8M | 5.33% |
| Citigroup Global Markets Inc. | $5.9M | 3.60% |
| Morgan Stanley & Co. LLC | $5.8M | 3.50% |
| HSBC Securities (USA) Inc. | $4.5M | 2.75% |
| BNY Capital Markets, LLC | $4.3M | 2.59% |
DWS Emerging Markets Fixed Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SCEMX | Class S | 0.91% | — |
| SZEIX | Institutional Class | 0.91% | — |
| SZEAX | Class A | 1.16% | — |
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.