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Trending ETFs

Name

As of 05/17/2024

Price

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

$6.09

$1.17 B

2.11%

$0.13

1.10%

Vitals

YTD Return

8.8%

1 yr return

8.4%

3 Yr Avg Return

7.3%

5 Yr Avg Return

7.4%

Net Assets

$1.17 B

Holdings in Top 10

42.6%

52 WEEK LOW AND HIGH

$6.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.10%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 81.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/17/2024

Price

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

$6.09

$1.17 B

2.11%

$0.13

1.10%

SKSRX - Profile

Distributions

  • YTD Total Return 8.8%
  • 3 Yr Annualized Total Return 7.3%
  • 5 Yr Annualized Total Return 7.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.62%
DIVIDENDS
  • Dividend Yield 2.1%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    DWS Enhanced Commodity Strategy Fund
  • Fund Family Name
    DWS Funds
  • Inception Date
    Feb 14, 2005
  • Shares Outstanding
    N/A
  • Share Class
    S
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Darwei Kung

Fund Description

Main investments. Under normal circumstances, the fund invests in commodity-linked derivative instruments backed by a portfolio of fixed income instruments. The fund invests in commodity-linked derivative instruments (a contract whose value is based on a particular commodity), such as commodity-linked total return swap contracts, options and futures contracts, to gain exposure to the investment return of assets that trade in the commodity markets, without investing directly in physical commodities (see “Derivatives” subsection). Physical commodities are assets that have tangible properties such as gas, heating oil, industrial and other precious metals, livestock or agricultural products.The fund may gain exposure to the commodity markets by investing up to 25% of the fund's total assets in a wholly-owned subsidiary formed under the laws of the Cayman Islands (the “Subsidiary”), which shares the same portfolio management team as the fund and is expected to invest mainly in commodity-linked derivative instruments and fixed income instruments, some of which may serve as margin or collateral for the Subsidiary’s derivatives positions.The fund invests in fixed income securities, including inflation-indexed securities, of varying maturities issued by the US government, non-US governments, their agencies or instrumentalities, and US and non-US corporations. The fund may invest in mortgage-backed and asset-backed securities, adjustable rate loans that have a senior right to payment (“senior loans”) and other floating rate debt securities, taxable municipal bonds and tax-exempt municipal bonds.The fund may invest up to 10% of its total assets in below investment grade fixed income securities (commonly referred to as junk bonds).The fund concentrates its investments in commodities-related industries. The Advisor considers a company to be in a commodity-related industry if, as determined by the Advisor, at least 50% of the company's assets, revenues or net income are derived from or related to a commodity-related industry. Currently, the fund considers commodities-related industries to include oil, natural gas, agricultural products and metals industries; however, these criteria are provided for illustrative purposes only and are not part of the fund's fundamental investment policy regarding the concentration of its investments in any particular industry or group of industries. Accordingly, the fund may change the criteria it uses from time to time without shareholder approval.Management process. Portfolio management generally will allocate the fund’s commodity-linked investments among a variety of different commodity sectors. Portfolio management employs three main strategies with respect to its commodity-linked investments: a relative value strategy, a tactical strategy, and a “roll enhancement”strategy. In implementing the relative value strategy, portfolio management will use a proprietary quantitative, rules-based methodology in determining the fund’s commodity sector weightings relative to the fund’s benchmark index, the Bloomberg Commodity Index. Portfolio management normally will rebalance commodity sector positions when a sector undergoes a “trigger event,” reducing the fund’s exposure to commodity sectors that are believed to be “expensive” and increasing its exposure to sectors that are believed to be “cheap.” To the extent environmental, social or governance (ESG) factors affect the market supply and demand of a commodity sector (e.g., regulations limiting production due to environmental concerns), portfolio management typically takes such factors into account when analyzing the expected supply and demand for such sector. The tactical strategy focuses on the direction of commodity markets as a whole. Portfolio management uses a proprietary, momentum-driven, quantitative formula that seeks to anticipate the direction of the commodity markets. Portfolio management may reduce the fund’s exposure to all commodity sectors when commodities in general appear overvalued. In implementing the “roll enhancement” strategy, portfolio management seeks to invest in commodity contracts whose expiration is further out on the “commodity curve” than the subsequent month so as to avoid continually paying premiums to replace expiring contracts.With respect to the fund's fixed income investments, portfolio management uses a relative value style to seek to construct a diversified portfolio of fixed income securities. When evaluating fixed income investments, portfolio management may consider a number of factors, including the security’s credit quality and terms; any underlying assets and their credit quality; interest rate sensitivity; the issuer’s management ability, capital structure, leverage, and ability to meet its current obligations; and spread relationships between individual bonds. Portfolio management may also consider financially material ESG factors. With respect to these investments, portfolio management normally targets a dollar-weighted average portfolio duration of three years or less, and primarily invests in fixed income securities that are rated, at the time of purchase, within the top four credit rating categories as rated by Moody’s Investors Service, Inc., Standard & Poor’s Ratings Services, Fitch Ratings, or another Nationally Recognized Statistical Rating Organization, or, if unrated, are determined by the Advisor to be of similar quality.Derivatives. In addition to commodity-linked derivative instruments, the fund may use other types of derivatives,which are financial instruments whose performance is derived, at least in part, from the performance of an underlying asset, security or index (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 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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SKSRX - Performance

Return Ranking - Trailing

Period SKSRX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.8% -9.4% 32.4% 61.36%
1 Yr 8.4% -36.2% 37.0% 76.52%
3 Yr 7.3%* -30.1% 295.0% 63.08%
5 Yr 7.4%* -26.8% 136.0% 75.40%
10 Yr N/A* -26.1% 45.9% 22.73%

* Annualized

Return Ranking - Calendar

Period SKSRX Return Category Return Low Category Return High Rank in Category (%)
2023 -6.9% -64.0% 30.1% 34.85%
2022 -27.1% -40.8% 2475.6% 92.37%
2021 -9.9% -23.3% 106.7% 83.85%
2020 -3.4% -71.9% 295.5% 67.72%
2019 1.0% -31.8% 53.9% 87.30%

Total Return Ranking - Trailing

Period SKSRX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.8% -9.4% 32.4% 61.36%
1 Yr 8.4% -36.2% 37.0% 76.52%
3 Yr 7.3%* -30.1% 295.0% 63.08%
5 Yr 7.4%* -26.8% 136.0% 75.40%
10 Yr N/A* -26.1% 45.9% 22.73%

* Annualized

Total Return Ranking - Calendar

Period SKSRX Return Category Return Low Category Return High Rank in Category (%)
2023 -5.3% -64.0% 41.1% 44.70%
2022 9.5% -15.1% 5648.8% 70.23%
2021 29.7% -23.3% 188.1% 48.46%
2020 -1.9% -67.8% 296.1% 66.93%
2019 2.5% -31.8% 53.9% 88.10%

NAV & Total Return History


SKSRX - Holdings

Concentration Analysis

SKSRX Category Low Category High SKSRX % Rank
Net Assets 1.17 B 2.34 M 54.2 B 22.98%
Number of Holdings 381 1 926 12.12%
Net Assets in Top 10 501 M 2.66 M 63.2 B 48.48%
Weighting of Top 10 42.64% 23.0% 143.4% 78.74%

Top 10 Holdings

  1. DWS Central Cash Management Government Fund 6.80%
  2. DWS ESG Liquidity Fund 'Capital Shares' 5.17%
  3. United States Treasury Floating Rate Note 5.10%
  4. United States Treasury Note/Bond 4.22%
  5. United States Treasury Note/Bond 4.21%
  6. United States Treasury Note/Bond 4.15%
  7. United States Treasury Note/Bond 4.12%
  8. United States Treasury Floating Rate Note 2.98%
  9. United States Treasury Floating Rate Note 2.98%
  10. United States Treasury Floating Rate Note 2.90%

Asset Allocation

Weighting Return Low Return High SKSRX % Rank
Bonds
76.71% 0.00% 120.99% 15.15%
Cash
10.08% 0.00% 100.26% 63.85%
Other
8.03% -47.59% 100.00% 40.00%
Stocks
5.17% 0.00% 62.82% 25.00%
Convertible Bonds
1.26% 0.00% 3.89% 16.28%
Preferred Stocks
0.00% 0.00% 0.07% 33.08%

Stock Sector Breakdown

Weighting Return Low Return High SKSRX % Rank
Communication Services
55.56% 0.00% 100.00% 21.43%
Energy
33.33% 0.00% 33.64% 35.71%
Industrials
11.11% 0.00% 23.28% 28.57%
Utilities
0.00% 0.00% 27.00% 28.57%
Technology
0.00% 0.00% 2.77% 28.57%
Real Estate
0.00% 0.00% 13.82% 28.57%
Healthcare
0.00% 0.00% 1.73% 57.14%
Financial Services
0.00% 0.00% 13.67% 57.14%
Consumer Defense
0.00% 0.00% 12.04% 57.14%
Consumer Cyclical
0.00% 0.00% 3.41% 57.14%
Basic Materials
0.00% 0.00% 47.41% 57.14%

Stock Geographic Breakdown

Weighting Return Low Return High SKSRX % Rank
US
5.17% 0.00% 62.82% 25.38%
Non US
0.00% 0.00% 30.58% 37.69%

Bond Sector Breakdown

Weighting Return Low Return High SKSRX % Rank
Government
40.29% 0.00% 100.00% 28.45%
Corporate
15.25% 0.00% 42.72% 17.24%
Cash & Equivalents
9.33% 0.00% 100.26% 70.94%
Securitized
7.83% 0.00% 36.61% 25.00%
Derivative
2.18% -3.42% 99.82% 12.82%
Municipal
0.00% 0.00% 1.45% 33.62%

Bond Geographic Breakdown

Weighting Return Low Return High SKSRX % Rank
US
76.71% 0.00% 106.15% 14.62%
Non US
0.00% 0.00% 21.42% 36.15%

SKSRX - Expenses

Operational Fees

SKSRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.10% 0.21% 4.07% 47.57%
Management Fee 0.74% 0.00% 1.75% 55.90%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.02% 0.45% 36.67%

Sales Fees

SKSRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

SKSRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A 42.11%

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.

SKSRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 81.00% 0.00% 162.00% 71.74%

SKSRX - Distributions

Dividend Yield Analysis

SKSRX Category Low Category High SKSRX % Rank
Dividend Yield 2.11% 0.00% 19.94% 50.93%

Dividend Distribution Analysis

SKSRX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Annually Annually

Net Income Ratio Analysis

SKSRX Category Low Category High SKSRX % Rank
Net Income Ratio 0.62% -55.71% 52.26% 20.93%

Capital Gain Distribution Analysis

SKSRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually

Distributions History

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SKSRX - Fund Manager Analysis

Managers

Darwei Kung


Start Date

Tenure

Tenure Rank

Apr 01, 2010

12.17

12.2%

Darwei Kung, Managing Director, has joined Deutsche Asset Management in 2006. Previously he has worked as a Director, Engineering and Business Development at Calpoint LLC from 2001-2004. He holds a BS and MS from University of Washington, Seattle; a MS and MBA from Carnegie Mellon University.

Rick Smith


Start Date

Tenure

Tenure Rank

Feb 01, 2016

6.33

6.3%

RICK SMITH, CFA, MANAGING DIRECTOR and Portfolio Manager. Joined DWS Investment Management Americas, Inc. in 2004. Prior to joining, he served as a Fixed Income Investment Grade Portfolio Manager at MFS Investments. Previously, he worked as a Research Analyst at Salomon Brothers. Senior Portfolio Manager: New York. BA in Economics, Vassar College; MBA in Finance, Vanderbilt University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.33 17.03 6.1 11.51