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DWS RREEF Global Real Estate Securities Fund
mutual fund
RRGCX
Payout Change
Pending
Price as of:
$7.46
+0.05
+0.67%
primary theme
International Real Estate
share class
RRGCX (Mutual Fund)
DWS RREEF Global Real Estate Securities Fund
Payout Change
Pending
Price as of:
$7.46
+0.05
+0.67%
primary theme
International Real Estate
share class
RRGCX (Mutual Fund)
DWS RREEF Global Real Estate Securities Fund
Payout Change
Pending
Price as of:
$7.46
+0.05
+0.67%
primary theme
International Real Estate
share class
Name
As of 10/11/2024Price
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
9.3%
1 yr return
25.5%
3 Yr Avg Return
-1.8%
5 Yr Avg Return
1.6%
Net Assets
$168 M
Holdings in Top 10
37.8%
52 WEEK LOW AND HIGH
$7.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 2.08%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 84.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/11/2024Price
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
RRGCX - Profile
Distributions
- YTD Total Return 9.3%
- 3 Yr Annualized Total Return -1.8%
- 5 Yr Annualized Total Return 1.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.49%
- Dividend Yield 3.8%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameDWS RREEF Global Real Estate Securities Fund
-
Fund Family NameDWS Funds
-
Inception DateJul 03, 2006
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJohn Vojticek
Fund Description
Main investments. Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity and debt securities issued by real estate companies, such as real estate investment trusts (REITs), REIT-like structures or real estate operating companies. A company will be considered a real estate company if, in the opinion of portfolio management, at least 50% of its revenues or at least 50% of the market value of its assets at the time the security is purchased are attributable to the ownership, construction, financing, management or sale of real estate or such other activities that are primarily related to real estate. The fund may invest without limitation in securities of companies engaged principally in the real estate industry.The fund may also invest a portion of its assets in other types of securities. These securities may include short-term securities, bonds, notes, securities of companies not principally engaged in the real estate industry and other similar securities. The fund allocates its assets among various regions and countries, including potentially emerging market countries, and normally invests a significant amount of its assets in non-US issuers.Management process. In choosing securities, portfolio management uses a combination of two analytical disciplines:Top-down research. Portfolio management analyzes market-wide investment conditions to arrive at the fund’s weighting across regional markets (i.e., the portfolio weighting across investments in the Americas, Europe, Asia and Australia), and, within these regions, its strategy across investment sectors, such as office, industrial, retail, hospitality and residential apartment real estate sectors.Bottom-up research. Portfolio management analyzes characteristics and investment prospects of a particular security relative to others in its local market to actively manage the fund’s exposure to individual securities within each region. Disciplined valuation analysis drives this decision-making process, guiding portfolio management to invest in securities they believe can provide superior returns over the long-term, and to sell those that they believe no longer represent the strongest prospects. In its analysis, portfolio management primarily considers a company's balance sheet, the quality and geography of the property, the management team, liquidity, and a number of environmental, social and governance (ESG) considerations, each of which can impact an investment's risks and expected returns. Lastly, portfolio management considers the global real estate securities markets in general when making investment decisions.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.
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RRGCX - Performance
Return Ranking - Trailing
| Period | RRGCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.3% | -5.4% | 21.6% | 30.77% |
| 1 Yr | 25.5% | -10.3% | 36.7% | 51.65% |
| 3 Yr | -1.8%* | -14.0% | 20.4% | 53.71% |
| 5 Yr | 1.6%* | -9.6% | 17.4% | 53.22% |
| 10 Yr | 4.3%* | -1.5% | 11.8% | 53.91% |
* Annualized
Return Ranking - Calendar
| Period | RRGCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.6% | -16.8% | 16.7% | 23.89% |
| 2022 | -31.8% | -43.9% | 4.5% | 89.71% |
| 2021 | 20.9% | -13.9% | 30.7% | 44.44% |
| 2020 | -14.2% | -20.7% | 13.7% | 88.30% |
| 2019 | 6.9% | 1.0% | 26.5% | 91.18% |
Total Return Ranking - Trailing
| Period | RRGCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.3% | -5.4% | 21.6% | 30.77% |
| 1 Yr | 25.5% | -10.3% | 36.7% | 51.65% |
| 3 Yr | -1.8%* | -14.0% | 20.4% | 53.71% |
| 5 Yr | 1.6%* | -9.6% | 17.4% | 53.22% |
| 10 Yr | 4.3%* | -1.5% | 11.8% | 53.91% |
* Annualized
Total Return Ranking - Calendar
| Period | RRGCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.1% | -14.6% | 23.4% | 66.67% |
| 2022 | -27.3% | -39.5% | 10.1% | 88.00% |
| 2021 | 29.3% | 5.7% | 101.8% | 21.64% |
| 2020 | -5.2% | -17.8% | 14.7% | 60.23% |
| 2019 | 23.7% | 4.3% | 37.2% | 52.35% |
NAV & Total Return History
RRGCX - Holdings
Concentration Analysis
| RRGCX | Category Low | Category High | RRGCX % Rank | |
|---|---|---|---|---|
| Net Assets | 168 M | 4.27 M | 7.48 B | 63.69% |
| Number of Holdings | 84 | 5 | 691 | 33.52% |
| Net Assets in Top 10 | 65 M | 1.9 M | 4.55 B | 68.68% |
| Weighting of Top 10 | 37.84% | 19.5% | 64.5% | 56.91% |
Top 10 Holdings
- Prologis Inc 5.23%
- Digital Realty Trust Inc 4.93%
- Welltower Inc 4.92%
- AvalonBay Communities Inc 4.69%
- Simon Property Group Inc 3.58%
- Essex Property Trust Inc 3.36%
- Iron Mountain Inc 3.12%
- CubeSmart 2.98%
- Public Storage 2.55%
- American Homes 4 Rent 2.47%
Asset Allocation
| Weighting | Return Low | Return High | RRGCX % Rank | |
|---|---|---|---|---|
| Stocks | 98.32% | 3.01% | 126.54% | 67.03% |
| Cash | 2.04% | 0.00% | 11.23% | 41.21% |
| Preferred Stocks | 0.00% | 0.00% | 7.41% | 91.76% |
| Other | 0.00% | -33.49% | 99.87% | 90.66% |
| Convertible Bonds | 0.00% | 0.00% | 0.07% | 90.06% |
| Bonds | 0.00% | 0.00% | 23.39% | 91.76% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | RRGCX % Rank | |
|---|---|---|---|---|
| Real Estate | 100.00% | 72.53% | 100.00% | 9.60% |
| Utilities | 0.00% | 0.00% | 0.96% | 92.09% |
| Technology | 0.00% | 0.00% | 4.92% | 97.18% |
| Industrials | 0.00% | 0.00% | 4.91% | 95.48% |
| Healthcare | 0.00% | 0.00% | 1.54% | 93.22% |
| Financial Services | 0.00% | 0.00% | 9.53% | 94.92% |
| Energy | 0.00% | 0.00% | 0.11% | 92.09% |
| Communication Services | 0.00% | 0.00% | 10.08% | 94.92% |
| Consumer Defense | 0.00% | 0.00% | 0.18% | 93.79% |
| Consumer Cyclical | 0.00% | 0.00% | 13.03% | 98.31% |
| Basic Materials | 0.00% | 0.00% | 1.63% | 92.09% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | RRGCX % Rank | |
|---|---|---|---|---|
| US | 63.25% | 0.00% | 102.76% | 54.95% |
| Non US | 35.08% | 0.00% | 98.87% | 56.59% |
RRGCX - Expenses
Operational Fees
| RRGCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.08% | 0.10% | 36.96% | 20.33% |
| Management Fee | 0.70% | 0.09% | 1.50% | 27.62% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 100.00% |
| Administrative Fee | 0.10% | 0.01% | 0.25% | 64.81% |
Sales Fees
| RRGCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | 1.00% | 1.00% | 4.00% | 100.00% |
Trading Fees
| RRGCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 2.00% | 60.38% |
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.
| RRGCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 84.00% | 1.00% | 165.00% | 71.02% |
RRGCX - Distributions
Dividend Yield Analysis
| RRGCX | Category Low | Category High | RRGCX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.79% | 0.00% | 5.52% | 95.05% |
Dividend Distribution Analysis
| RRGCX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| RRGCX | Category Low | Category High | RRGCX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.49% | -0.23% | 3.84% | 89.89% |
Capital Gain Distribution Analysis
| RRGCX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Jun 23, 2023 | $0.029 | OrdinaryDividend |
| Jun 23, 2022 | $0.449 | OrdinaryDividend |
| Dec 17, 2021 | $0.083 | OrdinaryDividend |
| Dec 17, 2021 | $0.110 | CapitalGainShortTerm |
| Dec 17, 2021 | $0.293 | CapitalGainLongTerm |
| Jun 23, 2021 | $0.131 | OrdinaryDividend |
| Jun 23, 2020 | $0.708 | OrdinaryDividend |
| Dec 18, 2019 | $0.402 | OrdinaryDividend |
| Dec 18, 2019 | $0.158 | CapitalGainShortTerm |
| Dec 18, 2019 | $0.584 | CapitalGainLongTerm |
| Jun 21, 2019 | $0.093 | CapitalGainLongTerm |
| Jun 21, 2019 | $0.131 | OrdinaryDividend |
| Dec 19, 2018 | $0.030 | CapitalGainLongTerm |
| Jun 22, 2018 | $0.406 | ExtraDividend |
| Dec 19, 2017 | $0.217 | OrdinaryDividend |
| Jun 23, 2017 | $0.029 | OrdinaryDividend |
| Dec 19, 2016 | $0.272 | OrdinaryDividend |
| Dec 17, 2015 | $0.191 | OrdinaryDividend |
| Jun 23, 2015 | $0.084 | ExtraDividend |
| Dec 18, 2014 | $0.197 | OrdinaryDividend |
RRGCX - Fund Manager Analysis
Managers
John Vojticek
Start Date
Tenure
Tenure Rank
Nov 21, 2006
15.53
15.5%
Co-Head of Liquid Real Assets / Chief Investment Officer of Liquid Real Assets John W. Vojticek has served as a Managing Director and Chief Investment Officer of Real Estate & Infrastructure Securities and Global Portfolio Manager for RREEF since July 2011 and was Co-Head of Americas Real Estate Securities from 2006 to July 2011. Mr. Vojticek was responsible for launching the firm's first listed infrastructure securities strategy in June 2008 and served as Head of the Listed Infrastructure Securities business from June 2008 until his appointment as Chief Information Officer in July 2011. Mr. Vojticek is an associate member of the National Association of Real Estate Investment Trusts. Mr. Vojticek holds a B.S. in Business Administration from the University of Southern California.
Chris Robinson
Start Date
Tenure
Tenure Rank
Aug 27, 2012
9.76
9.8%
Joined RREEF and Deutsche Asset & Wealth Management in 2003; previously served as a real estate equities research analyst at ING Investment Management. Over 15 years of investment industry experience. BS, The Australian Catholic University.
David Zonavetch
Start Date
Tenure
Tenure Rank
Aug 27, 2013
8.76
8.8%
David W. Zonavetch has served as a Managing Director and Co-Head of Real Estate Securities for the Americas and Co-Lead Portfolio Manager, DWS, based in Chicago, since February 2017. Mr. Zonavetch has served as a Director and Co-Lead Portfolio Manager for RREEF since September 2013 and as Co-Lead Portfolio Manager - Real Estate Securities since February 2012. Previously, he served as Vice President and Portfolio Manager from February 2007 to February 2012. From February 2007 to February 2012, Mr. Zonavetch was a Vice President and Securities Analyst at RREEF Real Estate. He has nine years of experience in accounting and finance. From 1998 to 2001, Mr. Zonavetch served as a Senior Accountant in Corporate Finance of RREEF Real Estate, and from 2001 to 2003, he served as Securities Accounting Coordinator with RREEF Real Estate’s Securities Group, covering the office and self- storage sectors. From 1995 until joining RREEF Real Estate in 1998, Mr. Zonavetch worked as an analyst for Cendant Mobility Services Corp., a corporate employee relocation company. Mr. Zonavetch holds a B.S. in Finance from the University of Illinois at Urbana-Champaign and is a certified public accountant.
Robert Thomas
Start Date
Tenure
Tenure Rank
Jan 03, 2017
5.41
5.4%
Robert Thomas, Head of Investment Strategy Liquid Real Assets. Portfolio Manager of the fund. Robert Thomas has served as a Managing Director and Co-Head of Americas Real Estate Securities, Alternatives for RREEF America L.L.C. since 2017. He served as lead portfolio manager of North America for global listed property funds at Henderson Global Investors from 2015 to 2016, he was co-lead portfolio manager of North America for global listed property funds at AMP Capital from 2012 to 2015, and as an analyst at Nuveen Asset Management from 2011 to 2012, at BNP Paribas Asset Management from 2005 to 2011 and at Security Capital Research & Management from 2004 to 2005. Mr. Thomas started his career as an investment banking analyst in the Real Estate group at KeyBanc Capital Markets in 2002. Mr. Thomas holds a B.A. in Economics from Duke University and an MBA in Finance, Management & Strategy from Kellogg School of Management, Northwestern University.
Barry McConnell
Start Date
Tenure
Tenure Rank
Jun 30, 2021
0.92
0.9%
Joined DWS in 2007; previously was a Portfolio Manager for Lehman Brothers; and was an Investment Strategy Analyst at Land Securities.Senior Portfolio Manager Real Estate Securities: London. Effective October 1, 2021, Head of Real Estate Securities for Europe and Lead Portfolio Manager: London.Investment industry experience started in 1999.BEng in Civil Engineering from University of Bristol.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 20.42 | 7.11 | 10.42 |
