TOLLX Fees and Costs — DWS RREEF Global Infrastructure Fund, Class A
Data updated: 2026-08-27
The net expense ratio is 1.19%: a 0.80% management fee, a 0.25% 12b-1 fee plus 0.26% other expenses, less a 0.12% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2025 the fund paid $426K in broker commissions, 0.0490% of average net assets, and portfolio turnover was 59%.
TOLLX Fees and Expenses
Annual operating expenses and sales charges of TOLLX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.26% |
| Gross expense ratio | 1.31% |
| Fee waiver | −0.12% |
| Net expense ratio | 1.19% |
| 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 |
TOLLX Costs Over Time
On $10,000 invested in TOLLX, assuming 5% a year before costs, total costs come to $1,461 over 5 years, cutting the return by 2.52% 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 1.19%) | $118 | $367 | $634 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $29 | $110 | $226 |
| Total costs | $726 | $1,066 | $1,461 |
| Value after costs | $9,774 | $10,510 | $11,302 |
| Impact on return, per year | 7.26% | 3.33% | 2.52% |
TOLLX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0490%
- Total broker commissions: $426K
- Bought from dealers (principal trades, not a cost): $345.6M
- Portfolio turnover (prospectus): 59%
- Securities on loan, average value: $24.2M
- Net income from securities lending: $481K (0.055% of average net assets)
TOLLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $90K | 22.82% |
| Morgan Stanley & Co. LLC | $59K | 15.01% |
| BofA Securities, Inc. | $54K | 13.81% |
| UBS Securities LLC | $44K | 11.28% |
| RBC Capital Markets, LLC | $44K | 11.25% |
| J.P. Morgan Securities LLC | $39K | 10.00% |
| Goldman Sachs & Co. LLC | $28K | 7.12% |
| Nomura Securities International, Inc. | $13K | 3.20% |
| Jefferies LLC | $11K | 2.75% |
| Barclays Capital Inc. | $11K | 2.75% |
TOLLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Brown Brothers Harriman Investments, LLC | $335.8M | 97.16% |
| Goldman Sachs & Co. LLC | $7.1M | 2.05% |
| RBC Capital Markets, LLC | $2.7M | 0.79% |
DWS RREEF Global Infrastructure Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TOLIX | Institutional Class | 0.94% | none |
| TOLZX | Class R6 | 0.94% | none |
| TOLSX | Class S | 1.04% | none |
| TOLLX | Class A | 1.19% | 5.75% |
| TOLCX | 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.