Continue to site >
Trending ETFs

DWS Multi-Asset Conservative Allocation Fund

mutual fund
SPDAX
Payout Change
Pending
Price as of:
$13.58 +0.01 +0.07%
primary theme
U.S. Conservative/Balanced Allocation
SPDAX (Mutual Fund)

DWS Multi-Asset Conservative Allocation Fund

Payout Change
Pending
Price as of:
$13.58 +0.01 +0.07%
primary theme
U.S. Conservative/Balanced Allocation
SPDAX (Mutual Fund)

DWS Multi-Asset Conservative Allocation Fund

Payout Change
Pending
Price as of:
$13.58 +0.01 +0.07%
primary theme
U.S. Conservative/Balanced Allocation

Name

As of 11/27/2024

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

$13.58

$63.1 M

2.42%

$0.33

1.22%

Vitals

YTD Return

8.2%

1 yr return

12.7%

3 Yr Avg Return

-0.6%

5 Yr Avg Return

2.7%

Net Assets

$63.1 M

Holdings in Top 10

78.5%

52 WEEK LOW AND HIGH

$13.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.22%

SALES FEES

Front Load 5.75%

Deferred Load N/A

TRADING FEES

Turnover 39.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$500


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 11/27/2024

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

$13.58

$63.1 M

2.42%

$0.33

1.22%

SPDAX - Profile

Distributions

  • YTD Total Return 8.2%
  • 3 Yr Annualized Total Return -0.6%
  • 5 Yr Annualized Total Return 2.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.20%
DIVIDENDS
  • Dividend Yield 2.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    DWS Multi-Asset Conservative Allocation Fund
  • Fund Family Name
    DWS Funds
  • Inception Date
    Dec 29, 2000
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Dokyoung Lee

Fund Description

Main investments. The fund seeks to achieve its objective by investing in a broad range of both traditional asset classes (such as equity and fixed income investments) and alternative asset classes (such as real estate including real estate investment trusts (REITs), infrastructure, convertibles, commodities, currencies and absolute return strategies).Investments may be made directly in securities and derivatives (see “Derivatives” subsection) or in DWS funds (i.e., mutual funds, exchange-traded funds (ETFs) and other pooled investment vehicles managed by DWS Investment Management Americas, Inc., the fund’s investment advisor, or one of its affiliates). The fund may also invest in securities of unaffiliated mutual funds or ETFs when the economic exposure to a particular market or sector is not available through a DWS fund. The fund may invest in passive ETFs which seek to replicate the performance of an index, and in active ETFs, which do not replicate an index and are actively managed. DWS funds and other funds and ETFs in which the fund may invest are referred to as “underlying funds.” The fund’s allocations among direct investments and underlying funds will vary over time and at times the fund may operate as a fund-of-funds, investing almost entirely in underlying funds. The fund may be appropriate for investors seeking total return consistent with conservative levels of overall risk.Under normal market conditions, the fund invests between 20% and 50% of assets in equity securities, including investments in underlying funds that invest primarily in equity securities, and between 50% and 80% of assets in fixed income securities, including investments in underlying funds that invest primarily in fixed income securities. Variations outside of the stated ranges in the target percentage allocation for equity securities and fixed income securities are permitted up to plus or minus 10% of the fund's assets. The fund may also allocate up to 20% of fund assets in alternative asset classes in place of either fixed income or equity allocations.The fund can buy many types of securities (directly or indirectly through investment in underlying funds), among them common stocks, including dividend-paying stocks, convertible securities, corporate bonds, government bonds, municipal securities, inflation-indexed bonds, mortgage- and asset-backed securities and ETFs. The fund may invest in securities of any size, investment style, category or credit quality (including high yield debt securities, commonly referred to as junk bonds), and from any country (including emerging markets).Management process. Using a risk/return strategic asset allocation process, portfolio management allocates the fund’s assets among various asset categories. Portfolio management periodically reviews the fund’s allocations and may adjust them based on current or anticipated market conditions, to manage risk consistent with the fund’s overall investment strategy or based upon other relevant considerations.Portfolio management also utilizes a tactical asset allocation process to adjust allocations in response to short-term market changes from time to time. Tactical allocations reflect views from DWS’s Chief Investment Officer and global research platform. Tactical allocations, which may include derivative instruments, have shorter investment horizons as positions reflect short-term views and may be implemented as: (i) changes to a fund’s strategic asset allocation, (ii) through the addition of new allocations, or (iii) through changes to prior tactical allocations.
Read More

SPDAX - Performance

Return Ranking - Trailing

Period SPDAX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.2% 5.0% 20.6% 82.43%
1 Yr 12.7% 8.3% 26.4% 78.96%
3 Yr -0.6%* -13.7% 6.6% 96.73%
5 Yr 2.7%* -0.4% 8.3% 91.80%
10 Yr 3.1%* 1.3% 7.6% 92.50%

* Annualized

Return Ranking - Calendar

Period SPDAX Return Category Return Low Category Return High Rank in Category (%)
2023 6.6% -1.0% 27.4% 51.73%
2022 -16.7% -35.0% -7.4% 51.38%
2021 0.6% -11.5% 14.6% 62.72%
2020 3.4% -10.3% 40.7% 65.67%
2019 13.7% -9.5% 22.1% 8.68%

Total Return Ranking - Trailing

Period SPDAX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.2% 5.0% 20.6% 82.43%
1 Yr 12.7% 8.3% 26.4% 78.96%
3 Yr -0.6%* -13.7% 6.6% 96.73%
5 Yr 2.7%* -0.4% 8.3% 91.80%
10 Yr 3.1%* 1.3% 7.6% 92.50%

* Annualized

Total Return Ranking - Calendar

Period SPDAX Return Category Return Low Category Return High Rank in Category (%)
2023 11.0% 2.6% 28.2% 31.93%
2022 -14.9% -35.0% -3.1% 81.70%
2021 1.6% -11.5% 32.0% 98.97%
2020 8.0% -5.4% 40.7% 62.40%
2019 16.1% 4.5% 27.7% 29.13%

NAV & Total Return History


SPDAX - Holdings

Concentration Analysis

SPDAX Category Low Category High SPDAX % Rank
Net Assets 63.1 M 305 K 50.8 B 91.11%
Number of Holdings 34 2 4065 42.22%
Net Assets in Top 10 50.3 M 309 K 10.3 B 90.12%
Weighting of Top 10 78.51% 9.7% 111.4% 49.38%

Top 10 Holdings

  1. DWS ESG Core Equity Fund 13.63%
  2. iShares GNMA Bond ETF 12.18%
  3. DWS Core Equity Fund 'Institutional' 9.10%
  4. Vanguard Total International Bond ETF 9.05%
  5. Vanguard Intermediate-Term Corporate Bond ETF 8.60%
  6. iShares JP Morgan USD Emerging Markets Bond ETF 6.17%
  7. DWS High Income Fund 'Institutional' 6.02%
  8. iShares Core MSCI Europe ETF 4.97%
  9. iShares iBoxx $ Investment Grade Corporate Bond ETF 4.59%
  10. DWS Central Cash Management Government Fund 4.20%

Asset Allocation

Weighting Return Low Return High SPDAX % Rank
Stocks
95.13% 0.00% 100.11% 47.65%
Cash
5.02% -35.68% 23.34% 22.72%
Convertible Bonds
0.83% 0.00% 71.77% 54.86%
Other
0.12% -0.20% 61.47% 25.43%
Preferred Stocks
0.00% 0.00% 21.95% 89.14%
Bonds
0.00% 0.00% 79.72% 91.60%

Stock Sector Breakdown

Weighting Return Low Return High SPDAX % Rank
Technology
20.29% 0.22% 27.92% 26.38%
Financial Services
12.83% 0.00% 83.50% 85.18%
Healthcare
11.25% 0.00% 24.25% 83.17%
Consumer Cyclical
10.87% 0.00% 14.20% 32.41%
Industrials
10.67% 0.14% 17.90% 41.71%
Real Estate
8.82% 0.00% 43.16% 19.35%
Communication Services
7.82% 0.00% 11.11% 26.88%
Consumer Defense
5.09% 0.00% 18.62% 89.20%
Energy
4.84% 0.00% 62.93% 55.53%
Basic Materials
3.91% 0.00% 32.82% 67.34%
Utilities
3.63% 0.00% 48.33% 44.72%

Stock Geographic Breakdown

Weighting Return Low Return High SPDAX % Rank
US
95.13% 0.00% 100.11% 47.65%
Non US
0.00% 0.00% 23.24% 90.12%

SPDAX - Expenses

Operational Fees

SPDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.22% 0.06% 21.26% 28.15%
Management Fee 0.10% 0.00% 1.25% 40.10%
12b-1 Fee 0.24% 0.00% 1.00% 16.74%
Administrative Fee 0.10% 0.01% 0.70% 46.46%

Sales Fees

SPDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 1.00% 5.75% 25.37%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

SPDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 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.

SPDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 39.00% 2.00% 380.00% 61.08%

SPDAX - Distributions

Dividend Yield Analysis

SPDAX Category Low Category High SPDAX % Rank
Dividend Yield 2.42% 0.00% 7.99% 25.19%

Dividend Distribution Analysis

SPDAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Monthly Monthly

Net Income Ratio Analysis

SPDAX Category Low Category High SPDAX % Rank
Net Income Ratio 1.20% -1.22% 6.83% 76.69%

Capital Gain Distribution Analysis

SPDAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Semi-Annually

Distributions History

View More +

SPDAX - Fund Manager Analysis

Managers

Dokyoung Lee


Start Date

Tenure

Tenure Rank

Dec 01, 2018

3.5

3.5%

Mr. Lee joined DWS in 2018 with 24 years of industry experience. Before joining, he co-managed group funds at the global multi-asset group at Oppenheimer Funds. Prior to that, he held a series of research and portfolio management leadership positions at AllianceBernstein in asset allocation and various value equity strategies including emerging markets, Japanese and U.S. equities He earned BS in Electrical Engineering & Computer Science from Princeton University; CFA Charterholder.

Fabian Degen


Start Date

Tenure

Tenure Rank

May 10, 2021

1.06

1.1%

Fabian Degen, CFA, Director. ■ Joined DWS in 2007. ■ Portfolio manager for US and Global Value Equity: New York. ■ Bachelor of International Business Administration in Investments and Finance from the International University of Applied Sciences Bad Honnef, Bonn with educational exchanges at the University of Maine (USA).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 28.73 6.37 2.41