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DWS Equity Sector Strategy Fund

mutual fund
SUPAX
Payout Change
Pending
Price as of:
$18.86 -0.09 -0.47%
primary theme
U.S. Large-Cap Blend Equity
SUPAX (Mutual Fund)

DWS Equity Sector Strategy Fund

Payout Change
Pending
Price as of:
$18.86 -0.09 -0.47%
primary theme
U.S. Large-Cap Blend Equity
SUPAX (Mutual Fund)

DWS Equity Sector Strategy Fund

Payout Change
Pending
Price as of:
$18.86 -0.09 -0.47%
primary theme
U.S. Large-Cap Blend Equity

Name

As of 12/09/2024

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

$18.86

$81 M

0.06%

$0.01

1.03%

Vitals

YTD Return

23.5%

1 yr return

27.3%

3 Yr Avg Return

8.2%

5 Yr Avg Return

11.4%

Net Assets

$81 M

Holdings in Top 10

38.2%

52 WEEK LOW AND HIGH

$19.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.03%

SALES FEES

Front Load 5.75%

Deferred Load N/A

TRADING FEES

Turnover 136.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$500


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/09/2024

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

$18.86

$81 M

0.06%

$0.01

1.03%

SUPAX - Profile

Distributions

  • YTD Total Return 23.5%
  • 3 Yr Annualized Total Return 8.2%
  • 5 Yr Annualized Total Return 11.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.78%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    DWS Equity Sector Strategy Fund
  • Fund Family Name
    DWS
  • Inception Date
    Dec 29, 2000
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Dokyoung 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 instruments whose 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(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, with riskier securities generally requiring higher levels of collateral.
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SUPAX - Performance

Return Ranking - Trailing

Period SUPAX Return Category Return Low Category Return High Rank in Category (%)
YTD 23.5% -9.4% 49.7% 66.03%
1 Yr 27.3% -2.0% 62.3% 69.66%
3 Yr 8.2%* -5.6% 17.4% 64.70%
5 Yr 11.4%* -0.5% 110.8% 85.80%
10 Yr 7.3%* 1.6% 52.7% 96.29%

* Annualized

Return Ranking - Calendar

Period SUPAX Return Category Return Low Category Return High Rank in Category (%)
2023 19.7% -42.6% 47.4% 45.79%
2022 -17.7% -56.3% -4.2% 16.56%
2021 -9.8% -27.2% 537.8% 98.14%
2020 8.7% -22.5% 2181.7% 69.01%
2019 13.0% -13.5% 40.4% 91.71%

Total Return Ranking - Trailing

Period SUPAX Return Category Return Low Category Return High Rank in Category (%)
YTD 23.5% -9.4% 49.7% 66.03%
1 Yr 27.3% -2.0% 62.3% 69.66%
3 Yr 8.2%* -5.6% 17.4% 64.70%
5 Yr 11.4%* -0.5% 110.8% 85.80%
10 Yr 7.3%* 1.6% 52.7% 96.29%

* Annualized

Total Return Ranking - Calendar

Period SUPAX Return Category Return Low Category Return High Rank in Category (%)
2023 21.2% -5.0% 47.4% 66.61%
2022 -16.4% -36.8% -2.2% 34.94%
2021 20.4% 3.0% 537.8% 91.38%
2020 10.7% -15.8% 2266.0% 85.95%
2019 21.8% -0.4% 241.3% 96.31%

NAV & Total Return History


SUPAX - Holdings

Concentration Analysis

SUPAX Category Low Category High SUPAX % Rank
Net Assets 81 M 2.34 M 1.55 T 89.79%
Number of Holdings 281 2 3963 27.76%
Net Assets in Top 10 32.5 M 880 K 525 B 89.87%
Weighting of Top 10 38.20% 0.3% 111.6% 39.54%

Top 10 Holdings

  1. DWS Central Cash Management Government Fund 7.42%
  2. Apple Inc 6.82%
  3. Microsoft Corp 6.50%
  4. Energy Select Sector SPDR Fund 3.33%
  5. Amazon.com Inc 3.22%
  6. NVIDIA Corp 2.65%
  7. Alphabet Inc 2.29%
  8. Meta Platforms Inc 2.28%
  9. Alphabet Inc 1.98%
  10. Eli Lilly Co 1.71%

Asset Allocation

Weighting Return Low Return High SUPAX % Rank
Stocks
92.58% 0.00% 105.79% 95.14%
Cash
7.42% 0.00% 99.07% 2.55%
Preferred Stocks
0.00% 0.00% 2.03% 95.96%
Other
0.00% -13.91% 100.00% 93.25%
Convertible Bonds
0.00% 0.00% 5.54% 95.62%
Bonds
0.00% 0.00% 93.85% 96.21%

Stock Sector Breakdown

Weighting Return Low Return High SUPAX % Rank
Technology
25.01% 0.00% 48.94% 35.74%
Healthcare
19.39% 0.00% 52.29% 9.56%
Financial Services
14.92% 0.00% 55.59% 31.12%
Communication Services
10.39% 0.00% 27.94% 16.19%
Consumer Cyclical
9.58% 0.00% 30.33% 66.53%
Industrials
7.55% 0.00% 29.90% 85.57%
Consumer Defense
4.68% 0.00% 47.71% 87.92%
Utilities
3.17% 0.00% 20.91% 22.23%
Real Estate
3.06% 0.00% 31.91% 37.33%
Energy
2.27% 0.00% 41.64% 75.00%
Basic Materials
0.00% 0.00% 25.70% 100.00%

Stock Geographic Breakdown

Weighting Return Low Return High SUPAX % Rank
US
92.58% 0.00% 105.79% 87.23%
Non US
0.00% 0.00% 63.83% 96.29%

SUPAX - Expenses

Operational Fees

SUPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.03% 0.01% 19.75% 33.00%
Management Fee 0.28% 0.00% 1.90% 29.14%
12b-1 Fee 0.24% 0.00% 1.00% 28.02%
Administrative Fee 0.10% 0.00% 0.85% 57.81%

Sales Fees

SUPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 1.00% 5.75% 43.17%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

SUPAX 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.

SUPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 136.00% 0.00% 268.00% 95.31%

SUPAX - Distributions

Dividend Yield Analysis

SUPAX Category Low Category High SUPAX % Rank
Dividend Yield 0.06% 0.00% 25.47% 55.57%

Dividend Distribution Analysis

SUPAX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

SUPAX Category Low Category High SUPAX % Rank
Net Income Ratio 0.78% -54.00% 2.44% 45.54%

Capital Gain Distribution Analysis

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

Distributions History

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SUPAX - 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 7.27 2.42