Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
DWS ESG Core Equity Fund
mutual fund
DESRX
Payout Change
Pending
Price as of:
$25.49
-0.1
-0.39%
primary theme
U.S. Large-Cap Blend Equity
share class
DESRX (Mutual Fund)
DWS ESG Core Equity Fund
Payout Change
Pending
Price as of:
$25.49
-0.1
-0.39%
primary theme
U.S. Large-Cap Blend Equity
share class
DESRX (Mutual Fund)
DWS ESG Core Equity Fund
Payout Change
Pending
Price as of:
$25.49
-0.1
-0.39%
primary theme
U.S. Large-Cap Blend Equity
share class
Name
As of 12/09/2024Price
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
27.6%
1 yr return
32.2%
3 Yr Avg Return
10.9%
5 Yr Avg Return
16.1%
Net Assets
$220 M
Holdings in Top 10
42.0%
52 WEEK LOW AND HIGH
$25.6
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.35%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 27.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/09/2024Price
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
DESRX - Profile
Distributions
- YTD Total Return 27.6%
- 3 Yr Annualized Total Return 10.9%
- 5 Yr Annualized Total Return 16.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.18%
- Dividend Yield 0.3%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameDWS ESG Core Equity Fund
-
Fund Family NameDWS Funds
-
Inception DateMar 01, 2011
-
Shares OutstandingN/A
-
Share ClassR
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPankaj Bhatnagar
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 equities, mainly common stocks, which 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, including derivatives and securities of issuers for which environmental, social and governance (“ESG”) assessments have not been performed or are incomplete. Although the fund can invest in companies of any size and from any country, it invests primarily in large US companies. Portfolio management may favor securities from different industries and companies at different times.Management process. Portfolio management uses a combination of proprietary ESG assessments and proprietary quantitative models to identify investments for the fund. As described further below, the ESG assessments are used to evaluate whether investments meet the Advisor’s sustainability criteria. The proprietary quantitative models used by portfolio management to construct the fund’s portfolio are based primarily on traditional fundamental factors and do not explicitly incorporate ESG factors in identifying investments for the fund.ESG AssessmentsPotential investments are assessed using a proprietary DWS ESG methodology, which is applied using a number of ESG assessments. The ESG assessments utilize a proprietary software tool (the “DWS ESG Engine”) and seek to identify issuers that fail to meet certain minimum ESG standards in their operations and/or are significantly involved in, or significantly exposed to, certain controversial business areas and activities, in each case as determined by the DWS ESG Engine based on various inputs and calculation methodologies.The DWS ESG Engine uses data primarily from several third-party ESG data vendors and public sources to derive issuer grades for certain ESG assessments. Such graded ESG assessments are based on a letter scale from “A” to “F,” in which each issuer receives one of six possible grades, with “A”representing the highest grade and “F” representing the lowest grade on the scale. In order to meet the Advisor’s sustainability criteria, an issuer must receive a grade of “E” or above.For other ESG assessments, the DWS ESG Engine seeks to evaluate issuers for involvement in, or exposure to, business activities which have a high potential for negative social and/or environmental impacts, including fossil fuels, certain weapons categories or certain controversial sectors (collectively,“controversial sectors and weapons”). These assessments may be revenue-based or categorical.An issuer must satisfy each of the following ESG assessments in order to meet the Advisor’s sustainability criteria:DWS Climate and Transition Risk AssessmentThe DWS Climate and Transition Risk Assessment is designed to evaluate issuers in the context of climate change and environmental changes, for example, with respect to greenhouse gas emissions reduction and water conservation. Issuers that are determined to contribute less to climate change and other negative environmental changes, or to be less exposed to these risks, receive better grades.DWS Norm AssessmentThe DWS Norm Assessment is designed to evaluate the behavior of issuers within the framework of the principles of the United Nations (UN) Global Compact, the standards of the International Labor Organization, and other generally accepted international standards and principles. The DWS Norm Assessment examines, for example, an issuer’s practices and impacts related to human rights, workers’ rights, child or forced labor, the environment, and business ethics.UN Global Compact AssessmentIn addition to the DWS Norm Assessment, an issuer will not meet the Advisor’s sustainability criteria if it is determined to be directly involved in one or more very severe, unresolved controversies related to the principles of the UN Global Compact.DWS ESG Quality AssessmentThe DWS ESG Quality Assessment utilizes a peer group comparison and is designed to evaluate an issuer’s overall ESG performance, based on consensus among several ESG data vendors (best-in-class approach), for example, concerning the handling of environmental changes, product safety, employee management or corporate ethics. The peer group for an issuer is comprised of other issuers in the same industry. Issuers determined to exhibit better overall ESG performance relative to their peer group receive a better grade, while issuers determined to exhibit worse overall ESG performance relative to their peer group receive a worse grade.Exposure to controversial sectors and weaponsAn issuer will not meet the Advisor’s sustainability criteria if it is determined that it is significantly involved in, or significantly exposed to (each as determined by certain minimum revenue thresholds, generally 0-10%), certain controversial business areas and business activities, including: controversial weapons, the defense industry, civil handguns or ammunition, tobacco products, gambling, adult entertainment, palm oil, nuclear power generation, uranium mining and/or uranium enrichment, extraction of crude oil, unconventional extraction of crude oil and/or natural gas, coal mining and oil extraction, power generation from coal, power generation from and other use of other fossil fuels (excluding natural gas), and mining and exploration of and services in connection with oil sands and oil shale. An issuer also will not meet the Advisor’s sustainability criteria if it is identified as having coal expansion plans, such as additional coal mining, coal production or coal usage.Changes to the Advisor’s Sustainability Criteria / Adjustments to individual ESG assessment scoresThe Advisor’s sustainability criteria may be updated periodically to, among other things, add or remove ESG assessments, change the methodology applicable to an ESG assessment, or revise an ESG assessment grade or revenue threshold for meeting the Advisor’s sustainability criteria.In addition, in certain circumstances, a DWS internal review process allows for adjustment to certain individual assessment scores, as calculated by the DWS ESG Engine.Proprietary Quantitative Investment ModelsThe quantitative models utilized by portfolio management are research based and seek to identify primarily fundamental factors, including valuation, momentum, profitability, earnings and sales growth, which have been effective sources of return historically. These are dynamic models with different factor weights for different industry groupings. The fund’s portfolio is constructed based on this quantitative process that strives to maximize returns while maintaining a risk profile similar to the fund’s benchmark index. All investment decisions are made within risk parameters set by portfolio management. The factors considered and models used by portfolio management may be adjusted from time to time and may favor different types of securities from different industries and companies at different times.At the time of the portfolio’s scheduled rebalancing, a security may be sold when a quantitative model indicates that other investments are more attractive, when the company no longer meets performance or risk expectations, or to maintain portfolio characteristics similar to the fund’s benchmark. A security also generally will be sold if it no longer meet’s the Advisor’s sustainability criteria.Derivatives. The fund may invest in derivatives, which are financial instruments whose performance is derived, at least in part, from the performance of an underlying asset, security or index. From time to time, certain amounts of the fund’s assets will be invested in total return swap transactions, through which the fund and a swap counterparty will exchange the returns of a custom basket of both long and short positions selected using portfolio management’s proprietary quantitative models. Portfolio management may use total return swaps in seeking to enhance potential returns as well as for hedging. In addition, portfolio management may use options and futures contracts as a substitute for direct investment in a particular asset class or to keep cash on hand to meet shareholder redemptions. Portfolio management may also use put options for hedging and volatility management purposes.The fund may also use other types of derivatives (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. Derivatives used by the fund are not subject to the Advisor's sustainability criteria.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, with riskier securities generally requiring higher levels of collateral.
Read More
DESRX - Performance
Return Ranking - Trailing
| Period | DESRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 27.6% | -25.4% | 48.4% | 33.55% |
| 1 Yr | 32.2% | -1.5% | 58.3% | 30.67% |
| 3 Yr | 10.9%* | -5.8% | 19.4% | 13.68% |
| 5 Yr | 16.1%* | -7.6% | 110.8% | 12.26% |
| 10 Yr | 10.8%* | -0.1% | 53.0% | 76.29% |
* Annualized
Return Ranking - Calendar
| Period | DESRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 23.2% | -42.6% | 47.4% | 25.79% |
| 2022 | -18.9% | -56.3% | -4.2% | 23.38% |
| 2021 | 14.1% | -27.2% | 537.8% | 65.17% |
| 2020 | 14.4% | -22.5% | 2181.7% | 35.82% |
| 2019 | 19.0% | -13.5% | 40.4% | 73.92% |
Total Return Ranking - Trailing
| Period | DESRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 27.6% | -25.4% | 48.4% | 33.55% |
| 1 Yr | 32.2% | -1.5% | 58.3% | 30.67% |
| 3 Yr | 10.9%* | -5.8% | 19.4% | 13.68% |
| 5 Yr | 16.1%* | -7.6% | 110.8% | 12.26% |
| 10 Yr | 10.8%* | -0.1% | 53.0% | 76.29% |
* Annualized
Total Return Ranking - Calendar
| Period | DESRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 26.0% | -5.0% | 47.4% | 30.00% |
| 2022 | -16.0% | -36.8% | -2.2% | 32.11% |
| 2021 | 28.3% | 3.0% | 537.8% | 29.33% |
| 2020 | 18.4% | -15.8% | 2266.0% | 36.35% |
| 2019 | 27.5% | -0.4% | 241.3% | 74.01% |
NAV & Total Return History
DESRX - Holdings
Concentration Analysis
| DESRX | Category Low | Category High | DESRX % Rank | |
|---|---|---|---|---|
| Net Assets | 220 M | 2.34 M | 1.55 T | 80.81% |
| Number of Holdings | 94 | 2 | 3963 | 55.93% |
| Net Assets in Top 10 | 104 M | 880 K | 525 B | 77.84% |
| Weighting of Top 10 | 42.03% | 0.3% | 111.6% | 23.90% |
Top 10 Holdings
- Apple Inc 9.18%
- Microsoft Corp 9.07%
- Alphabet Inc 6.41%
- NVIDIA Corp 4.95%
- Cigna Group/The 2.45%
- General Electric Co 2.39%
- Amgen Inc 2.03%
- Bank of America Corp 1.97%
- Iron Mountain Inc 1.81%
- American Express Co 1.78%
Asset Allocation
| Weighting | Return Low | Return High | DESRX % Rank | |
|---|---|---|---|---|
| Stocks | 98.81% | 0.00% | 105.79% | 55.85% |
| Cash | 1.19% | 0.00% | 99.07% | 44.15% |
| Preferred Stocks | 0.00% | 0.00% | 2.03% | 13.84% |
| Other | 0.00% | -13.91% | 100.00% | 42.67% |
| Convertible Bonds | 0.00% | 0.00% | 5.54% | 8.76% |
| Bonds | 0.00% | 0.00% | 93.85% | 15.49% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | DESRX % Rank | |
|---|---|---|---|---|
| Technology | 26.46% | 0.00% | 48.94% | 17.70% |
| Healthcare | 14.94% | 0.00% | 52.29% | 36.58% |
| Consumer Cyclical | 11.30% | 0.00% | 30.33% | 30.87% |
| Financial Services | 11.02% | 0.00% | 55.59% | 88.26% |
| Industrials | 9.44% | 0.00% | 29.90% | 45.47% |
| Communication Services | 8.91% | 0.00% | 27.94% | 34.73% |
| Consumer Defense | 5.97% | 0.00% | 47.71% | 73.99% |
| Energy | 3.89% | 0.00% | 41.64% | 56.71% |
| Real Estate | 3.38% | 0.00% | 31.91% | 26.51% |
| Basic Materials | 2.85% | 0.00% | 25.70% | 39.26% |
| Utilities | 1.83% | 0.00% | 20.91% | 70.30% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | DESRX % Rank | |
|---|---|---|---|---|
| US | 98.81% | 0.00% | 105.79% | 46.05% |
| Non US | 0.00% | 0.00% | 63.83% | 25.86% |
DESRX - Expenses
Operational Fees
| DESRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.35% | 0.01% | 19.75% | 18.41% |
| Management Fee | 0.47% | 0.00% | 1.90% | 43.79% |
| 12b-1 Fee | 0.50% | 0.00% | 1.00% | 65.60% |
| Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
| DESRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| DESRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 2.00% | 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.
| DESRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 27.00% | 0.00% | 268.00% | 56.01% |
DESRX - Distributions
Dividend Yield Analysis
| DESRX | Category Low | Category High | DESRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.34% | 0.00% | 25.47% | 37.41% |
Dividend Distribution Analysis
| DESRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| DESRX | Category Low | Category High | DESRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.18% | -54.00% | 2.44% | 77.86% |
Capital Gain Distribution Analysis
| DESRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 19, 2023 | $0.088 | OrdinaryDividend |
| Dec 19, 2023 | $0.006 | CapitalGainShortTerm |
| Dec 19, 2023 | $0.362 | CapitalGainLongTerm |
| Dec 19, 2022 | $0.572 | OrdinaryDividend |
| Dec 17, 2021 | $0.034 | OrdinaryDividend |
| Dec 17, 2021 | $0.139 | CapitalGainShortTerm |
| Dec 17, 2021 | $2.237 | CapitalGainLongTerm |
| Dec 17, 2020 | $0.609 | OrdinaryDividend |
| Dec 18, 2019 | $0.064 | OrdinaryDividend |
| Dec 18, 2019 | $1.018 | CapitalGainLongTerm |
| Dec 19, 2018 | $2.510 | CapitalGainLongTerm |
| Dec 19, 2018 | $0.122 | OrdinaryDividend |
| Dec 19, 2017 | $0.387 | CapitalGainLongTerm |
| Dec 19, 2017 | $0.113 | CapitalGainShortTerm |
| Dec 19, 2017 | $0.059 | OrdinaryDividend |
| Dec 19, 2016 | $0.705 | CapitalGainLongTerm |
| Dec 19, 2016 | $0.109 | OrdinaryDividend |
| Mar 23, 2016 | $0.202 | CapitalGainLongTerm |
| Dec 17, 2015 | $0.077 | CapitalGainShortTerm |
| Dec 17, 2015 | $1.065 | CapitalGainLongTerm |
| Mar 24, 2015 | $0.045 | CapitalGainLongTerm |
| Dec 18, 2014 | $0.186 | CapitalGainShortTerm |
| Dec 18, 2014 | $0.457 | CapitalGainLongTerm |
DESRX - Fund Manager Analysis
Managers
Pankaj Bhatnagar
Start Date
Tenure
Tenure Rank
Feb 14, 2019
3.29
3.3%
Pankaj Bhatnagar, PhD, Head of Investment Strategy Equity. ■Joined DWS in 2000 with seven years of industry experience; previously, served in Quantitative Strategy roles at Nomura Securities, Credit Suisse and Salomon Brothers. ■Head of Core Equity and Head of Systematic and Quantitative Management: Americas. ■Degree in Civil Engineering, Indian Institute of Technology; MBA, Kent State University; PhD in Finance, University of North Carolina at Chapel Hill.
Arno Puskar
Start Date
Tenure
Tenure Rank
Feb 14, 2019
3.29
3.3%
• Portfolio Manager for US Equities and Quantitative Analyst • BS in Industrial Engineering from Lehigh University; MBA from Pepperdine University
Hiten Shah
Start Date
Tenure
Tenure Rank
Feb 01, 2020
2.33
2.3%
Joined DWS in 2017 with 19 years of industry experience; previously, Senior Consultant at the firm with responsibility for the implementation of BlackRock's Aladdin platform in the US; Portfolio Manager for multi-asset portable alpha strategies at Oppenheimer Funds; Portfolio Manager for global macro and fixed income at various companies, including True North Partners, HSBC, Societe General and GE; and Analyst, Metlife Investments. BA in Economics, Rutgers University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 39.02 | 7.27 | 2.42 |
