DWS Equity Sector Strategy Fund
Name
As of 04/30/2024Price
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
5.6%
1 yr return
19.2%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$81 M
Holdings in Top 10
36.4%
52 WEEK LOW AND HIGH
$16.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.77%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/30/2024Price
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
SNPTX - Profile
Distributions
- YTD Total Return 5.6%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 0.1%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameDWS Equity Sector Strategy Fund
-
Fund Family NameDWS Funds
-
Inception DateJan 09, 2023
-
Shares OutstandingN/A
-
Share ClassInstl
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CurrencyUSD
-
Domiciled CountryUS
Fund Description
Main investments. Under normal circumstances, the fund invests at least 80% of net assets, plus the amount of any borrowings for investment purposes, in equity securities. The fund seeks to achieve its objective by employing an active investment strategy that invests primarily in the stocks comprising the S&P 500® Index, the fund’s benchmark index (the “benchmark”). The fund typically invests directly in common stocks, but may also invest in derivatives (see “Derivatives” subsection) that provide exposure to the stocks of the companies in the benchmark. To achieve exposure to the stocks of the companies in the benchmark, the fund may also invest, on a limited basis, in various sector and/or industry focused mutual funds and ETFs.Portfolio management, in its discretion will adjust, or “tilt,”upwards or downwards the fund’s levels of investments in benchmark sectors and industries relative to the benchmark sector/industry weights to reflect portfolio management’s ongoing assessments of such sectors and industries. This tilt strategy seeks to outperform the benchmark by identifying sector and industry preferences. The sector and industry preferences, which will be expressed as over, under or equal weight portfolio positions versus benchmark weights, are based on a fundamental research process that estimates the current and future earnings of each industry and sector. These earnings estimates are then valued using intrinsic valuation techniques that capitalize earnings estimates with discount rates that reflect risk and long-term growth potential. This analysis is performed on regular basis across all industries and sectors to determine portfolio preferences and the active weights. Portfolio management seeks to maintain industry and sector active weights for periods of generally 6 to 36 months. Sector active weights will generally be less than 5% over or underweight versus the benchmark, while industry active weights will generally be less than 10% over or under weight versus the benchmark. However, active weights can be larger or smaller and can be applied for shorter or longer periods than are generally targeted based on portfolio management’s assessment of market conditions and other macroeconomic circumstances.The over- and under-weight decisions will be made at the sector and industry level. Individual securities would maintain their proportionate weights within the benchmark sector or industry. When the sector/industry weight is raised, that additional weight for the sector/industry would be allocated to each security within the sector/industry based upon the weight of that security within the benchmark sector. There is no sampling or equal weighting of stocks in this process.From time to time, the fund may invest in securities that are not included in the benchmark and the fund’s portfolio may differ substantially from the benchmark because of the industry and sector tilts.Management process. Portfolio management will evaluate each sector and industry for its total return potential versus that of the benchmark. When making upwards or downwards adjustments to benchmark sector and industry positions, portfolio management will utilize a macro-minded (focused on broad market and industry factors) and intrinsic valuation oriented (using a disciplined process to evaluate deviations from estimates of intrinsic value) framework. This framework will include a fundamental assessment of the earnings outlook and observed valuation of each industry and sector. Assessments will utilize the macro views of the DWS Chief Investment Officer (CIO) Americas strategy team and key global DWS CIO View forecasts. Assessments will also take into consideration Environmental, Social and Governance (ESG) related risks and opportunities at the industry and sector level. Such CIO views and ESG risks and opportunities will influence portfolio management’s estimates of future earnings and cost of capital by industry and sector. Based on this fundamental assessment of the earnings outlook and observed valuation of each industry and sector, portfolio management identifies sector and industry preferences. Portfolio management does not expect to exclude or screen out individual securities from the benchmark universe based on ESG criteria except in extraordinary circumstances, when portfolio management’s assessment is that an individual company poses an extreme economic risk based on ESG factors.The portfolio management process uses estimates and forecasts and is subject to the uncertainty of such forward looking analysis and judgement. These estimates are reviewed by portfolio management on a regular basis (generally at least monthly) along with the industry and sector active weights.Portfolio management may use various industry standard third-party portfolio management and construction tools and other common portfolio management techniques to assess the sources of risk to the fund and to help control portfolio turnover, tax efficiency, and other factors.Derivatives.The fund may invest in derivatives, which are financial instrumentswhose performance is derived, at least in part, from the performance of an underlying asset, security or index. In particular, portfolio management may use futures contracts and options as a substitute for direct investment in a particular asset class or sector, to keep cash on hand to meet shareholder redemptions or for other needs while maintaining exposure to the stock market.The fund may also use other types of derivatives, including total return swaps and currency forwards (i) for hedging purposes; (ii) for risk management; (iii) for non-hedging purposes to seek to enhance potential gains; or (iv) as a substitute for direct investment in a particular asset class or sector, or to keep cash on hand to meet shareholder redemptions.Securities lending. The fund may lend securities (up to one-third of total assets) to approved institutions, such as registered broker-dealers, pooled investment vehicles, banks and other financial institutions. In connection with such loans, the fund receives liquid collateral in an amount that is based on the type and value of the securities being lent.
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SNPTX - Performance
Return Ranking - Trailing
Period | SNPTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.6% | N/A | N/A | N/A |
1 Yr | 19.2% | N/A | N/A | N/A |
3 Yr | N/A* | N/A | N/A | N/A |
5 Yr | N/A* | N/A | N/A | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Return Ranking - Calendar
Period | SNPTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | N/A | N/A | N/A |
2022 | N/A | N/A | N/A | N/A |
2021 | N/A | N/A | N/A | N/A |
2020 | N/A | N/A | N/A | N/A |
2019 | N/A | N/A | N/A | N/A |
Total Return Ranking - Trailing
Period | SNPTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.6% | N/A | N/A | N/A |
1 Yr | 19.2% | N/A | N/A | N/A |
3 Yr | N/A* | N/A | N/A | N/A |
5 Yr | N/A* | N/A | N/A | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Total Return Ranking - Calendar
Period | SNPTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | N/A | N/A | N/A |
2022 | N/A | N/A | N/A | N/A |
2021 | N/A | N/A | N/A | N/A |
2020 | N/A | N/A | N/A | N/A |
2019 | N/A | N/A | N/A | N/A |
NAV & Total Return History
SNPTX - Holdings
Concentration Analysis
SNPTX | Category Low | Category High | SNPTX % Rank | |
---|---|---|---|---|
Net Assets | 81 M | N/A | N/A | N/A |
Number of Holdings | 298 | N/A | N/A | N/A |
Net Assets in Top 10 | 29.5 M | N/A | N/A | N/A |
Weighting of Top 10 | 36.44% | N/A | N/A | N/A |
Top 10 Holdings
- Microsoft Corp 7.04%
- DWS Central Cash Management Government Fund 6.39%
- Apple Inc 5.70%
- Energy Select Sector SPDR Fund 3.93%
- Amazon.com Inc 3.11%
- Meta Platforms Inc 2.86%
- Alphabet Inc 2.10%
- NVIDIA Corp 1.85%
- Alphabet Inc 1.83%
- Berkshire Hathaway Inc 1.63%
Asset Allocation
Weighting | Return Low | Return High | SNPTX % Rank | |
---|---|---|---|---|
Stocks | 93.27% | N/A | N/A | N/A |
Cash | 6.73% | N/A | N/A | N/A |
Preferred Stocks | 0.00% | N/A | N/A | N/A |
Other | 0.00% | N/A | N/A | N/A |
Convertible Bonds | 0.00% | N/A | N/A | N/A |
Bonds | 0.00% | N/A | N/A | N/A |
Stock Sector Breakdown
Weighting | Return Low | Return High | SNPTX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | N/A | N/A | N/A |
Technology | 0.00% | N/A | N/A | N/A |
Real Estate | 0.00% | N/A | N/A | N/A |
Industrials | 0.00% | N/A | N/A | N/A |
Healthcare | 0.00% | N/A | N/A | N/A |
Financial Services | 0.00% | N/A | N/A | N/A |
Energy | 0.00% | N/A | N/A | N/A |
Communication Services | 0.00% | N/A | N/A | N/A |
Consumer Defense | 0.00% | N/A | N/A | N/A |
Consumer Cyclical | 0.00% | N/A | N/A | N/A |
Basic Materials | 0.00% | N/A | N/A | N/A |
Stock Geographic Breakdown
Weighting | Return Low | Return High | SNPTX % Rank | |
---|---|---|---|---|
US | 93.27% | N/A | N/A | N/A |
Non US | 0.00% | N/A | N/A | N/A |
SNPTX - Expenses
Operational Fees
SNPTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.77% | N/A | N/A | N/A |
Management Fee | 0.27% | N/A | N/A | N/A |
12b-1 Fee | N/A | N/A | N/A | N/A |
Administrative Fee | N/A | N/A | N/A | N/A |
Sales Fees
SNPTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | N/A | N/A | N/A |
Deferred Load | N/A | N/A | N/A | N/A |
Trading Fees
SNPTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | 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.
SNPTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | N/A | N/A | N/A |
SNPTX - Distributions
Dividend Yield Analysis
SNPTX | Category Low | Category High | SNPTX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.07% | N/A | N/A | N/A |
Dividend Distribution Analysis
SNPTX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual |
Net Income Ratio Analysis
SNPTX | Category Low | Category High | SNPTX % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | N/A | N/A | N/A |
Capital Gain Distribution Analysis
SNPTX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency |
Distributions History
Date | Amount | Type |
---|---|---|
Jan 02, 2024 | $0.011 | OrdinaryDividend |
Dec 14, 2023 | $0.222 | OrdinaryDividend |
Jan 03, 2023 | $0.006 | OrdinaryDividend |
Dec 14, 2022 | $0.230 | OrdinaryDividend |