DWS ESG Liquidity Fund
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
1.8%
1 yr return
5.5%
3 Yr Avg Return
N/A
5 Yr Avg Return
2.1%
Net Assets
$43.7 M
Holdings in Top 10
30.2%
52 WEEK LOW AND HIGH
$1.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.30%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$25,000,000
IRA
N/A
Fund Classification
Fund Type
Money Market Fund
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
ESIXX - Profile
Distributions
- YTD Total Return 1.8%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return 2.1%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 5.5%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameDWS ESG Liquidity Fund
-
Fund Family NameDWS Funds
-
Inception DateApr 18, 2011
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerManagement Team
Fund Description
Main investments. The fund is a money market fund that is managed in accordance with federal regulations which govern the quality, maturity, diversity and liquidity of instruments in which a money market fund may invest.The fund does not seek to maintain a stable share price. As a result, the fund’s share price will fluctuate and reflect the effects of unrealized appreciation and depreciation and realized losses and gains.Under normal circumstances, the fund invests at least 80% of total assets, determined at the time of purchase, in securities that meet the Advisor’s sustainability criteria. The fund may, at the discretion of portfolio management, invest up to 20% of net assets in investments that do not meet such sustainability criteria. The fund may invest without limit in US treasury securities under adverse market conditions.The fund invests in high quality, short-term, US dollar denominated money market instruments, including obligations of US and foreign banks, corporate obligations, US government securities, municipal securities, repurchase agreements and asset-backed securities, paying a fixed, variable or floating interest rate.The fund reserves freedom of action to concentrate in obligations issued by domestic banks and US branches of foreign banks provided such US branch is subject to the same regulations as a domestic bank.Management process. Starting from a universe of US dollar denominated money market instruments, including obligations of US and foreign banks, corporate obligations, US government securities, municipal securities, repurchase agreements and asset-backed securities, the Advisor applies certain environmental, social and governance (“ESG”) criteria and seeks to buy securities that the Advisor determines present minimal credit risks.With the exception of municipal securities, (which are evaluated through a separate process described below) the Advisor uses DWS’s proprietary ESG Quality Assessment to determine whether a security meets the Advisor’s sustainability criteria. This assessment is conducted usinga DWS proprietary ESG tool that evaluates an issuer’s performance across a variety of ESG indicators, primarily on the basis of data obtained from multiple third-party ESG data vendors and public sources, and assigns a DWS ESG Quality Grade to each issuer. An additional DWS internal review process allows for changes to the DWS ESG Quality Grade. An internal review may occur, for example, if it is deemed that information is not reflected in the existing ESG grade because new information or insights have emerged that the ESG data vendors have not yet processed. Examples of information that may be considered in this review process include, but are not limited to, the announcement of new (or withdrawal from previously announced) climate-related commitments, or the resolution of legacy (or involvement in new) controversies. The Advisor may use its discretion in considering application of internal reviews on a given grade.The DWS ESG Quality Assessment seeks to identify ESG leaders and laggards within industry- and region-specific peer groups in terms of overall ESG performance (best-in-class approach). Issuers within the same industry and region-specific peer group are graded on a scale of A (true leader) to F (true laggard). Issuers with a grade of C or above are deemed to meet the Advisor’s sustainability criteria. In calculating the DWS ESG Quality Grade, the DWS proprietary ESG tool utilizes a proprietary methodology to evaluate ESG scores from multiple third-party data vendors across a broad range of ESG indicators to arrive at a consensus overall quality grade intended to reflect which companies may be positioned better to address, and which companies may be more exposed to future ESG risks, relative to their peers. The broad range of ESG indicators measured include, among others, assessments of an issuer’s carbon emissions including its own emissions and those of its products and services, land use and biodiversity, climate change strategy and vulnerability, product safety and quality, employee management issues including equal opportunities and non-discrimination, freedom of association and right to collective bargaining and occupational health and safety, community relations, human rights issues related to supply chain, business ethics and anti-corruption, and corporate governance matters including executive pay, board diversity and board independence.For asset-backed and similar securities, the DWS ESG Quality Grade assigned to the issuing agency or entity is used unless an explicit ESG assessment is available from an outside party for the specific asset-backed or similar security. For example, certain mortgage-backed securities are assessed by independent third parties who consider the sustainable impact of the underlying loans such as providing support for affordable housing to low-to-moderate income families or projects that include environmental impact features. For sovereign issuers, including the United States, the DWS ESG Quality Assessment evaluates countries based on traditional indicators including governmental policies and actions on issues such as climate change and natural resources, social conditions, basic needs, institutional strength, and rule of law, in addition to an assessment of political and civil freedom.Municipal securities are evaluated by the Advisor by applying positive and negative screens or by a scoring system separate from the DWS ESG Quality Assessmentdescribed above. From the investable universe of municipal securities, green bonds (bonds that generally fund projects that have positive environmental and/or climate benefits) that have been independently certified or assessed by a third-party will generally be deemed to meet the Advisor’s sustainability criteria, while municipal issues where more than a certain percentage of the business is attributable to nuclear power, coal, or other sectors deemed controversial by the Advisor, such as weapons, gambling, lottery, or the production or sale of tobacco will be deemed to not meet the Advisor’s sustainability criteria. As of October 31, 2023, those thresholds are 5% for nuclear power, 15% for coal and any involvement for each of the other listed activities.The remainder of the investable universe of municipal securities is scored on key performance indicators for each of three pillars: environmental, social and governance. Each pillar is evaluated and scored +1 (positive ESG impact), zero (neutral), or -1 (negative ESG impact). Only municipal securities with a cumulative score across all three pillars above zero are deemed to meet the Advisor’s sustainability criteria. In assessing the pillars, the Advisor looks to the purpose of the issue (e.g., LEED-certified construction, climate change mitigation and adaptation), the potential impact of the issue (e.g., service area unemployment rate, poverty rate), and to the obligor itself (e.g., management quality, or controversies).In considering whether a security presents minimal credit risks, the Advisor will analyze the capacity of the security’s issuer or guarantor to meet its financial obligations, which includes, as appropriate, with respect to the issuer or guarantor the following factors: (i) financial condition, (ii) sources of liquidity, (iii) ability to react to future marketwide and issuer specific events, including ability to repay debt in a highly adverse situation; and (iv) competitive position within its industry and industry strength within the economy and relative to economic trends.Using the ESG and financial criteria described above and working in consultation with portfolio management, a credit team screens potential securities and develops a list of those that the fund may buy. Portfolio management, looking for attractive yield and weighing considerations such as credit quality, economic outlooks and possible interest rate movements, then decides which securities on this list to buy.Portfolio management may adjust the fund’s exposure to interest rate risk, typically seeking to take advantage of possible rises in interest rates and to preserve yield when interest rates appear likely to fall.
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ESIXX - Performance
Return Ranking - Trailing
Period | ESIXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.8% | 0.0% | 2.2% | 1.74% |
1 Yr | 5.5% | 0.5% | 5.7% | 1.49% |
3 Yr | N/A* | 0.7% | 2.8% | 0.54% |
5 Yr | 2.1%* | 0.7% | 110.6% | 5.11% |
10 Yr | 28.9%* | 0.3% | 32.1% | 0.93% |
* Annualized
Return Ranking - Calendar
Period | ESIXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.0% | -0.1% | 5.0% | 4.23% |
2022 | 0.0% | 0.0% | 1.2% | 3.82% |
2021 | 0.0% | 0.0% | 0.0% | 3.76% |
2020 | 0.0% | 0.0% | 0.4% | 3.82% |
2019 | 0.0% | 0.0% | 2.0% | 3.99% |
Total Return Ranking - Trailing
Period | ESIXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.8% | 0.0% | 2.2% | 1.74% |
1 Yr | 5.5% | 0.5% | 5.7% | 1.49% |
3 Yr | N/A* | 0.7% | 2.8% | 0.54% |
5 Yr | 2.1%* | 0.7% | 110.6% | 5.11% |
10 Yr | 28.9%* | 0.3% | 32.1% | 0.93% |
* Annualized
Total Return Ranking - Calendar
Period | ESIXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.7% | 0.8% | 5.9% | 1.00% |
2022 | 1.8% | 0.0% | 1.8% | 0.51% |
2021 | 0.0% | 0.0% | 1.9% | 8.87% |
2020 | 0.8% | 0.0% | 3.0% | 1.18% |
2019 | 2.4% | 0.0% | 3797.9% | 9.20% |
NAV & Total Return History
ESIXX - Holdings
Concentration Analysis
ESIXX | Category Low | Category High | ESIXX % Rank | |
---|---|---|---|---|
Net Assets | 43.7 M | 818 K | 211 B | 84.80% |
Number of Holdings | 81 | 1 | 346 | 28.74% |
Net Assets in Top 10 | 190 M | -343 K | 163 B | 94.30% |
Weighting of Top 10 | 30.18% | 22.7% | 100.0% | 96.82% |
Top 10 Holdings
- Bnp Paribas 18.90%
- Bnp Paribas 18.90%
- Bnp Paribas 18.90%
- Bnp Paribas 18.90%
- Bnp Paribas 18.90%
- Bnp Paribas 18.90%
- Bnp Paribas 18.90%
- Bnp Paribas 18.90%
- Bnp Paribas 18.90%
- Bnp Paribas 18.90%
Asset Allocation
Weighting | Return Low | Return High | ESIXX % Rank | |
---|---|---|---|---|
Cash | 77.98% | 25.56% | 100.00% | 41.71% |
Bonds | 22.02% | 0.00% | 74.44% | 55.92% |
Stocks | 0.00% | 0.00% | 0.00% | 4.27% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 4.27% |
Other | 0.00% | -1.67% | 0.04% | 4.50% |
Convertible Bonds | 0.00% | 0.00% | 21.22% | 12.80% |
Bond Sector Breakdown
Weighting | Return Low | Return High | ESIXX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 77.98% | 0.00% | 100.00% | 39.57% |
Municipal | 18.08% | 0.00% | 22.71% | 1.90% |
Government | 3.95% | 0.00% | 44.01% | 86.02% |
Derivative | 0.00% | 0.00% | 0.00% | 4.27% |
Securitized | 0.00% | 0.00% | 1.75% | 7.11% |
Corporate | 0.00% | 0.00% | 100.00% | 22.27% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | ESIXX % Rank | |
---|---|---|---|---|
US | 22.02% | 0.00% | 72.86% | 55.92% |
Non US | 0.00% | 0.00% | 3.41% | 5.69% |
ESIXX - Expenses
Operational Fees
ESIXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.30% | 0.08% | 4.53% | 61.81% |
Management Fee | 0.15% | 0.03% | 0.50% | 31.99% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.10% | 0.01% | 0.55% | 45.54% |
Sales Fees
ESIXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 5.75% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
ESIXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 5.00% | 5.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
ESIXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 485.00% | N/A |
ESIXX - Distributions
Dividend Yield Analysis
ESIXX | Category Low | Category High | ESIXX % Rank | |
---|---|---|---|---|
Dividend Yield | 5.52% | 0.00% | 5.56% | 0.95% |
Dividend Distribution Analysis
ESIXX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
ESIXX | Category Low | Category High | ESIXX % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | -1.09% | 1.67% | 0.54% |
Capital Gain Distribution Analysis
ESIXX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.005 | OrdinaryDividend |
Feb 29, 2024 | $0.004 | OrdinaryDividend |
Jan 31, 2024 | $0.005 | DailyAccrualFund |
Dec 29, 2023 | $0.005 | DailyAccrualFund |
Nov 30, 2023 | $0.005 | DailyAccrualFund |
Oct 31, 2023 | $0.004 | DailyAccrualFund |
Sep 29, 2023 | $0.005 | DailyAccrualFund |
Aug 31, 2023 | $0.005 | DailyAccrualFund |
Jul 31, 2023 | $0.004 | DailyAccrualFund |
Jun 30, 2023 | $0.005 | DailyAccrualFund |
May 31, 2023 | $0.004 | DailyAccrualFund |
Apr 28, 2023 | $0.004 | DailyAccrualFund |
Mar 31, 2023 | $0.004 | DailyAccrualFund |
Feb 28, 2023 | $0.004 | DailyAccrualFund |
Jan 31, 2023 | $0.004 | DailyAccrualFund |
Dec 30, 2022 | $0.004 | DailyAccrualFund |
Nov 30, 2022 | $0.003 | DailyAccrualFund |
Oct 31, 2022 | $0.003 | DailyAccrualFund |
Sep 30, 2022 | $0.002 | DailyAccrualFund |
Aug 31, 2022 | $0.002 | DailyAccrualFund |
Jul 29, 2022 | $0.001 | DailyAccrualFund |
Jun 30, 2022 | $0.001 | DailyAccrualFund |
May 31, 2022 | $0.001 | DailyAccrualFund |
Apr 29, 2022 | $0.000 | DailyAccrualFund |
Mar 31, 2022 | $0.000 | DailyAccrualFund |
Feb 28, 2022 | $0.000 | DailyAccrualFund |
Jan 31, 2022 | $0.000 | DailyAccrualFund |
Apr 30, 2021 | $0.000 | DailyAccrualFund |
Mar 31, 2021 | $0.000 | DailyAccrualFund |
Feb 26, 2021 | $0.000 | DailyAccrualFund |
Dec 31, 2020 | $0.000 | DailyAccrualFund |
Nov 30, 2020 | $0.000 | DailyAccrualFund |
Oct 30, 2020 | $0.000 | DailyAccrualFund |
Sep 30, 2020 | $0.000 | DailyAccrualFund |
Aug 31, 2020 | $0.000 | DailyAccrualFund |
Jul 31, 2020 | $0.000 | DailyAccrualFund |
Jun 30, 2020 | $0.000 | DailyAccrualFund |
May 29, 2020 | $0.000 | DailyAccrualFund |
Apr 30, 2020 | $0.001 | DailyAccrualFund |
Mar 31, 2020 | $0.001 | DailyAccrualFund |
Feb 28, 2020 | $0.001 | DailyAccrualFund |
Jan 31, 2020 | $0.002 | DailyAccrualFund |
Dec 31, 2019 | $0.002 | DailyAccrualFund |
Nov 29, 2019 | $0.002 | DailyAccrualFund |
Oct 31, 2019 | $0.002 | DailyAccrualFund |
Sep 30, 2019 | $0.002 | DailyAccrualFund |
Aug 30, 2019 | $0.002 | DailyAccrualFund |
Jul 31, 2019 | $0.002 | DailyAccrualFund |
Jun 28, 2019 | $0.002 | OrdinaryDividend |
May 31, 2019 | $0.000 | DailyAccrualFund |
Apr 30, 2019 | $0.000 | DailyAccrualFund |
Mar 29, 2019 | $0.000 | DailyAccrualFund |
Feb 28, 2019 | $0.000 | DailyAccrualFund |
Jan 31, 2019 | $0.000 | DailyAccrualFund |
Dec 31, 2018 | $0.000 | DailyAccrualFund |
Nov 30, 2018 | $0.000 | DailyAccrualFund |
Oct 31, 2018 | $0.000 | DailyAccrualFund |
Aug 31, 2018 | $0.000 | DailyAccrualFund |
Jul 31, 2018 | $0.000 | DailyAccrualFund |
Jun 29, 2018 | $0.000 | DailyAccrualFund |
May 31, 2018 | $0.000 | DailyAccrualFund |
Apr 30, 2018 | $0.000 | DailyAccrualFund |
Mar 29, 2018 | $0.000 | DailyAccrualFund |
Feb 28, 2018 | $0.000 | DailyAccrualFund |
Jan 31, 2018 | $0.000 | DailyAccrualFund |
Dec 29, 2017 | $0.000 | DailyAccrualFund |
Nov 30, 2017 | $0.000 | DailyAccrualFund |
Oct 31, 2017 | $0.000 | DailyAccrualFund |
Sep 29, 2017 | $0.000 | DailyAccrualFund |
Aug 31, 2017 | $0.000 | DailyAccrualFund |
Jul 31, 2017 | $0.000 | DailyAccrualFund |
Jun 30, 2017 | $0.000 | DailyAccrualFund |
May 31, 2017 | $0.000 | DailyAccrualFund |
Apr 28, 2017 | $0.000 | DailyAccrualFund |
Mar 31, 2017 | $0.000 | DailyAccrualFund |
Feb 28, 2017 | $0.000 | DailyAccrualFund |
Jan 31, 2017 | $0.000 | DailyAccrualFund |
Dec 30, 2016 | $0.000 | DailyAccrualFund |
Nov 30, 2016 | $0.000 | DailyAccrualFund |
Oct 31, 2016 | $0.001 | DailyAccrualFund |
Sep 30, 2016 | $0.001 | DailyAccrualFund |
Aug 31, 2016 | $0.001 | DailyAccrualFund |
Jul 29, 2016 | $0.001 | DailyAccrualFund |
Jun 30, 2016 | $0.001 | DailyAccrualFund |
May 31, 2016 | $0.001 | DailyAccrualFund |
Apr 29, 2016 | $0.001 | DailyAccrualFund |
Mar 31, 2016 | $0.001 | DailyAccrualFund |
Feb 29, 2016 | $0.000 | DailyAccrualFund |
Jan 29, 2016 | $0.000 | DailyAccrualFund |
Dec 31, 2015 | $0.000 | DailyAccrualFund |
Nov 30, 2015 | $0.000 | DailyAccrualFund |
Oct 30, 2015 | $0.000 | DailyAccrualFund |
Sep 30, 2015 | $0.000 | DailyAccrualFund |
Aug 31, 2015 | $0.000 | DailyAccrualFund |
Jul 31, 2015 | $0.000 | DailyAccrualFund |
Jun 30, 2015 | $0.000 | DailyAccrualFund |
May 29, 2015 | $0.000 | DailyAccrualFund |
Apr 30, 2015 | $0.000 | DailyAccrualFund |
Mar 31, 2015 | $0.000 | DailyAccrualFund |
Feb 27, 2015 | $0.000 | DailyAccrualFund |
Jan 30, 2015 | $0.000 | DailyAccrualFund |
Dec 31, 2014 | $0.000 | DailyAccrualFund |
Nov 28, 2014 | $0.000 | DailyAccrualFund |
Oct 31, 2014 | $0.000 | DailyAccrualFund |
Sep 30, 2014 | $0.000 | DailyAccrualFund |
Aug 29, 2014 | $0.000 | DailyAccrualFund |
Jul 31, 2014 | $0.000 | DailyAccrualFund |
Jun 30, 2014 | $0.000 | DailyAccrualFund |
May 30, 2014 | $0.000 | DailyAccrualFund |
Apr 30, 2014 | $0.000 | DailyAccrualFund |
Mar 31, 2014 | $0.000 | DailyAccrualFund |
Feb 28, 2014 | $0.000 | DailyAccrualFund |
Jan 31, 2014 | $0.000 | DailyAccrualFund |
Dec 31, 2013 | $0.000 | DailyAccrualFund |
Nov 29, 2013 | $0.000 | DailyAccrualFund |
Oct 31, 2013 | $0.000 | DailyAccrualFund |
Sep 30, 2013 | $0.000 | DailyAccrualFund |
Aug 30, 2013 | $0.000 | DailyAccrualFund |
Jul 31, 2013 | $0.000 | DailyAccrualFund |
Jun 28, 2013 | $0.000 | DailyAccrualFund |
May 31, 2013 | $0.000 | DailyAccrualFund |
Apr 30, 2013 | $0.000 | DailyAccrualFund |
Mar 28, 2013 | $0.000 | DailyAccrualFund |
Feb 28, 2013 | $0.000 | DailyAccrualFund |
Jan 31, 2013 | $0.000 | DailyAccrualFund |
Dec 31, 2012 | $0.000 | DailyAccrualFund |
Nov 30, 2012 | $0.000 | DailyAccrualFund |
Oct 31, 2012 | $0.000 | DailyAccrualFund |
Sep 28, 2012 | $0.000 | DailyAccrualFund |
Aug 31, 2012 | $0.000 | DailyAccrualFund |
Jul 31, 2012 | $0.000 | DailyAccrualFund |
Jun 29, 2012 | $0.000 | DailyAccrualFund |
May 31, 2012 | $0.000 | DailyAccrualFund |
Apr 30, 2012 | $0.000 | DailyAccrualFund |
Mar 30, 2012 | $0.000 | DailyAccrualFund |
Feb 29, 2012 | $0.000 | DailyAccrualFund |
Jan 31, 2012 | $0.000 | DailyAccrualFund |
Dec 30, 2011 | $0.000 | DailyAccrualFund |
Nov 30, 2011 | $0.000 | DailyAccrualFund |
Oct 31, 2011 | $0.000 | DailyAccrualFund |
Sep 30, 2011 | $0.000 | DailyAccrualFund |
Aug 31, 2011 | $0.000 | DailyAccrualFund |
Jul 29, 2011 | $0.000 | DailyAccrualFund |
Jun 30, 2011 | $0.000 | DailyAccrualFund |
May 31, 2011 | $0.000 | DailyAccrualFund |
Apr 29, 2011 | $0.000 | DailyAccrualFund |