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DWS Equity Sector Strategy Fund
mutual fund
SPGRX
Payout Change
Pending
Price as of:
$18.41
+0.13
+0.71%
primary theme
U.S. Large-Cap Blend Equity
share class
SPGRX (Mutual Fund)
DWS Equity Sector Strategy Fund
Payout Change
Pending
Price as of:
$18.41
+0.13
+0.71%
primary theme
U.S. Large-Cap Blend Equity
share class
SPGRX (Mutual Fund)
DWS Equity Sector Strategy Fund
Payout Change
Pending
Price as of:
$18.41
+0.13
+0.71%
primary theme
U.S. Large-Cap Blend Equity
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
20.3%
1 yr return
31.6%
3 Yr Avg Return
10.1%
5 Yr Avg Return
11.9%
Net Assets
$81 M
Holdings in Top 10
38.8%
52 WEEK LOW AND HIGH
$18.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.85%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 136.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 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
SPGRX - Profile
Distributions
- YTD Total Return 20.3%
- 3 Yr Annualized Total Return 10.1%
- 5 Yr Annualized Total Return 11.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.01%
- Dividend Yield 0.1%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameDWS Equity Sector Strategy Fund
-
Fund Family NameDWS
-
Inception DateNov 15, 1996
-
Shares OutstandingN/A
-
Share ClassS
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDokyoung Lee
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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SPGRX - Performance
Return Ranking - Trailing
| Period | SPGRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 20.3% | -59.4% | 39.1% | 56.32% |
| 1 Yr | 31.6% | -54.9% | 57.0% | 66.64% |
| 3 Yr | 10.1%* | -23.6% | 17.2% | 49.38% |
| 5 Yr | 11.9%* | -7.7% | 111.4% | 84.16% |
| 10 Yr | 7.6%* | 0.6% | 53.3% | 96.24% |
* Annualized
Return Ranking - Calendar
| Period | SPGRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 19.7% | -42.6% | 47.4% | 45.90% |
| 2022 | -17.7% | -56.3% | -4.2% | 16.76% |
| 2021 | -9.5% | -27.2% | 537.8% | 98.09% |
| 2020 | 8.7% | -22.5% | 2181.7% | 68.77% |
| 2019 | 12.9% | -13.5% | 40.4% | 92.04% |
Total Return Ranking - Trailing
| Period | SPGRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 20.3% | -59.4% | 39.1% | 56.32% |
| 1 Yr | 31.6% | -54.9% | 57.0% | 66.64% |
| 3 Yr | 10.1%* | -23.6% | 17.2% | 49.38% |
| 5 Yr | 11.9%* | -7.7% | 111.4% | 84.16% |
| 10 Yr | 7.6%* | 0.6% | 53.3% | 96.24% |
* Annualized
Total Return Ranking - Calendar
| Period | SPGRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 21.6% | -5.0% | 47.4% | 65.15% |
| 2022 | -16.2% | -36.8% | -2.2% | 33.12% |
| 2021 | 20.7% | 3.0% | 537.8% | 90.95% |
| 2020 | 11.0% | -15.8% | 2266.0% | 85.33% |
| 2019 | 22.1% | -0.4% | 241.3% | 96.11% |
NAV & Total Return History
SPGRX - Holdings
Concentration Analysis
| SPGRX | Category Low | Category High | SPGRX % Rank | |
|---|---|---|---|---|
| Net Assets | 81 M | 2.34 M | 1.55 T | 89.55% |
| Number of Holdings | 283 | 2 | 4002 | 26.96% |
| Net Assets in Top 10 | 31.8 M | 979 K | 517 B | 89.80% |
| Weighting of Top 10 | 38.84% | 0.3% | 112.9% | 40.41% |
Top 10 Holdings
- DWS Central Cash Management Government Fund 7.90%
- Microsoft Corp 6.95%
- Apple Inc 6.14%
- Energy Select Sector SPDR Fund 3.48%
- Amazon.com Inc 3.07%
- Alphabet Inc 2.56%
- NVIDIA Corp 2.53%
- Meta Platforms Inc 2.33%
- Alphabet Inc 2.21%
- Eli Lilly Co 1.66%
Asset Allocation
| Weighting | Return Low | Return High | SPGRX % Rank | |
|---|---|---|---|---|
| Stocks | 92.07% | 0.00% | 105.85% | 96.03% |
| Cash | 7.93% | 0.00% | 99.07% | 2.51% |
| Preferred Stocks | 0.00% | 0.00% | 2.53% | 40.00% |
| Other | 0.00% | -13.91% | 100.00% | 55.95% |
| Convertible Bonds | 0.00% | 0.00% | 5.54% | 36.96% |
| Bonds | 0.00% | 0.00% | 94.06% | 41.13% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | SPGRX % Rank | |
|---|---|---|---|---|
| Technology | 25.01% | 0.00% | 48.94% | 34.95% |
| Healthcare | 19.39% | 0.00% | 52.29% | 9.32% |
| Financial Services | 14.92% | 0.00% | 55.59% | 30.59% |
| Communication Services | 10.39% | 0.00% | 27.94% | 15.83% |
| Consumer Cyclical | 9.58% | 0.00% | 30.33% | 66.69% |
| Industrials | 7.55% | 0.00% | 29.90% | 84.91% |
| Consumer Defense | 4.68% | 0.00% | 47.71% | 87.88% |
| Utilities | 3.17% | 0.00% | 20.91% | 22.42% |
| Real Estate | 3.06% | 0.00% | 31.91% | 36.85% |
| Energy | 2.27% | 0.00% | 41.64% | 74.94% |
| Basic Materials | 0.00% | 0.00% | 25.70% | 96.04% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | SPGRX % Rank | |
|---|---|---|---|---|
| US | 92.07% | 0.00% | 105.85% | 88.18% |
| Non US | 0.00% | 0.00% | 64.54% | 49.47% |
SPGRX - Expenses
Operational Fees
| SPGRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.85% | 0.01% | 19.75% | 46.94% |
| Management Fee | 0.27% | 0.00% | 1.90% | 28.56% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.10% | 0.00% | 0.85% | 56.64% |
Sales Fees
| SPGRX 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
| SPGRX 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.
| SPGRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 136.00% | 0.00% | 268.00% | 95.31% |
SPGRX - Distributions
Dividend Yield Analysis
| SPGRX | Category Low | Category High | SPGRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.06% | 0.00% | 25.47% | 44.56% |
Dividend Distribution Analysis
| SPGRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| SPGRX | Category Low | Category High | SPGRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.01% | -54.00% | 2.44% | 32.34% |
Capital Gain Distribution Analysis
| SPGRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 29, 2023 | $0.011 | OrdinaryDividend |
| Dec 13, 2023 | $0.222 | OrdinaryDividend |
| Dec 30, 2022 | $0.006 | OrdinaryDividend |
| Dec 13, 2022 | $0.230 | OrdinaryDividend |
| Dec 13, 2021 | $0.057 | CapitalGainShortTerm |
| Dec 13, 2021 | $5.023 | CapitalGainLongTerm |
| Dec 30, 2020 | $0.350 | OrdinaryDividend |
| Dec 30, 2019 | $1.229 | OrdinaryDividend |
| Dec 30, 2019 | $0.024 | CapitalGainShortTerm |
| Dec 30, 2019 | $0.026 | CapitalGainLongTerm |
| Dec 28, 2018 | $0.329 | OrdinaryDividend |
| Dec 28, 2017 | $0.303 | OrdinaryDividend |
| Dec 29, 2016 | $0.489 | OrdinaryDividend |
| Dec 30, 2015 | $0.328 | OrdinaryDividend |
| Dec 30, 2014 | $0.512 | OrdinaryDividend |
| Dec 30, 2013 | $0.377 | OrdinaryDividend |
| Dec 28, 2012 | $0.297 | OrdinaryDividend |
| Dec 29, 2011 | $0.273 | OrdinaryDividend |
| Dec 30, 2010 | $0.253 | OrdinaryDividend |
| Dec 30, 2009 | $0.259 | OrdinaryDividend |
| Dec 30, 2008 | $0.080 | CapitalGainLongTerm |
| Dec 30, 2008 | $0.394 | OrdinaryDividend |
| Dec 28, 2007 | $0.592 | OrdinaryDividend |
| Dec 28, 2006 | $0.466 | OrdinaryDividend |
SPGRX - 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.
Di Kumble
Start Date
Tenure
Tenure Rank
Aug 09, 2021
0.81
0.8%
Managing Director, Senior Portfolio Manager, Head of Tax Managed Equities: New York -Joined the Company in 2003 with 7 years of industry experience. Prior to joining, Di served as a Portfolio Manager at Graham Capital Management. Previously, she worked as a Quantitative Strategist at ITG Inc and Morgan Stanley -PhD in Chemistry from Princeton University; CFA Charterholder
David Bianco
Start Date
Tenure
Tenure Rank
Aug 09, 2021
0.81
0.8%
Mr. Bianco is a Portfolio Manager of the fund. Began managing the fund in 2021.■Rejoined DWS in 2012 with 15 years of industry experience; previously worked as Chief US Equity Strategist at Deutsche Bank and, before rejoining, at BofA Merrill Lynch and at UBS, as the Valuation & Accounting Strategist at UBS, a Quantitative Strategist at Deutsche Bank and an industry equity analyst at Deutsche Bank, Credit Suisse and at NatWest Markets.■Chief Investment Strategist and Head of US Active Equity Management: New York. ■BS in Economics, University of Pennsylvania.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 39.02 | 7.24 | 2.42 |
