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SKBRX Deutsche Enhanced Commodity Strat B

  • Fund
  • SKBRX
  • Price as of: Nov 07, 2016
  • $9.80
  • - $0.00
  • - 0.00%
  • Category
  • Commodity Producers Equities

SKBRX - Profile

Vitals

  • YTD Return -3.8%
  • 3 Yr Annualized Return -11.9%
  • 5 Yr Annualized Return -9.7%
  • Net Assets $1.85 B
  • Holdings in Top 10 90.8%

52 WEEK LOW AND HIGH

$9.80
N/A
N/A

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.43%

SALES FEES

  • Front Load N/A
  • Deferred Load 4.00%

BROKERAGE FEES

  • Turnover 95.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

Closed to new investors as of 2010-03-01

STANDARD (TAXABLE)

$1,000

IRA

$500

Investment Themes

CATEGORY

Commodity Producers Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Commodities Broad Basket

Distributions

  • YTD Total Return -3.8%
  • 3 Yr Annualized Total Return -12.7%
  • 5 Yr Annualized Total Return -10.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.59%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name Deutsche Enhanced Commodity Strategy Fund
  • Fund Family Name Deutsche Asset & Wealth Mngt
  • Inception Date Feb 14, 2005
  • Shares Outstanding N/A
  • Share Class B
  • Currency USD
  • Domiciled Country United States
  • Manager Eric S. Meyer

Fund Description

The fund invests in commodity-linked derivative instruments backed by a portfolio of fixed income instruments. It invests in commodity-linked derivative instruments (a contract whose value is based on a particular commodity), such as commodity-linked swap contracts, commodity-linked structured notes, options and futures contracts, to gain exposure to the investment return of assets that trade in the commodity markets, without investing directly in physical commodities.

SKBRX - Performance

Return Ranking - Trailing

Period SKBRX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -3.8% -11.0% 18.2% 42.20% 3
1 Yr -17.3% -25.6% 27.6% 98.18% 5
3 Yr -11.9% * -16.0% 12.8% 88.35% 5
5 Yr -9.7% * -12.8% 8.0% 84.38% 5
10 Yr -4.9% * -14.7% 5.6% 34.21% 2

* Annualized


Return Ranking - Calendar

Period SKBRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 -17.8% -28.1% 19.1% 82.41% 5
2016 -9.8% -25.1% 41.9% 87.00% 5
2015 -8.4% -35.0% 0.0% 12.00% 1
2014 -3.5% -34.3% 7.0% 11.70% 1
2013 -23.4% -51.4% 23.5% 94.44% 5

Total Return Ranking - Trailing

Period SKBRX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -3.8% -100.0% 18.2% 42.20% 3
1 Yr -20.6% -25.6% 27.6% 97.27% 5
3 Yr -12.7% * -16.9% 13.4% 88.35% 5
5 Yr -10.0% * -13.2% 8.0% 85.42% 5
10 Yr -4.9% * -14.7% 5.6% 34.21% 2

* Annualized


Total Return Ranking - Calendar

Period SKBRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 -17.8% -28.1% 19.1% 82.41% 5
2016 -7.4% -25.1% 44.4% 87.00% 5
2015 1.4% -35.0% 1.4% 1.00% 1
2014 -2.6% -34.3% 9.0% 11.70% 1
2013 -11.8% -51.7% 24.8% 77.78% 4

NAV & Total Return History

SKBRX - Holdings

Filings data as of: Dec 31, 2015

Concentration Analysis

SKBRX Category Low Category High SKBRX % Rank Quintile
Net Assets 1.85 B 758 K 4.57 B 5.45% 1
Number of Holdings 184 2 378 6.36% 1
Net Assets in Top 10 672 M -91.8 M 1.82 B 4.55% 1
Weighting of Top 10 90.8% 1.7% 183.1% 5.45% 1

Top 10 Holdings

  1. Dws Cayman Commodity Ii Ltd 23.56%
  2. Us 2yr Note (Cbt) Mar16 Xcbt 20160331 16.81%
  3. US Treasury Note 0.875% 13.06%
  4. US Treasury Note 1.25% 12.87%
  5. US Treasury Note 0.188% 6.44%
  6. Bdw1y0u11 Irs Usd P F 1.50000bdw1y0u29 Ccpvanilla 4.51%
  7. Bdw1y0u11 Irs Usd R V 03mliborbdw1y0u37 Ccpvanilla 4.50%
  8. US Treasury Note 1.625% 3.98%
  9. US Treasury TIP 2.65%
  10. Bdw1y0ud5 Irs Usd P F 2.00000bdw1y0ue3 Ccpvanilla 2.39%

Asset Allocation

Weighting Category Low Category High SKBRX % Rank Quintile
Bonds
67.38% -5.42% 92.43% 7.27% 1
Other
23.56% 0.00% 105.88% 3.64% 1
Cash
9.06% -92.25% 105.28% 26.36% 4
Stocks
0.00% -0.07% 99.52% 16.36% 2
Preferred Stocks
0.00% 0.00% 0.01% 1.82% 1
Convertible Bonds
0.00% 0.00% 0.00% 0.91% 1

Bond Sector Breakdown

Weighting Category Low Category High SKBRX % Rank Quintile
Government
30.22% -16.41% 86.87% 10.00% 2
Securitized
21.69% 0.00% 21.69% 0.91% 1
Corporate
15.46% 0.00% 56.34% 7.27% 1
Cash & Equivalents
9.06% -92.25% 105.25% 26.36% 4
Derivative
0.00% -0.18% 0.83% 3.64% 1
Municipal
0.00% 0.00% 0.41% 1.82% 1

Bond Geographic Breakdown

Weighting Category Low Category High SKBRX % Rank Quintile
US
56.59% -5.42% 86.87% 7.27% 1
Non US
10.79% 0.00% 52.39% 4.55% 1

SKBRX - Expenses

Operational Fees

SKBRX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 2.43% 0.39% 18.01% 19.09% 4
Management Fee 0.94% 0.00% 1.50% 9.09% 4
12b-1 Fee 0.99% 0.00% 1.00% 2.78% 4
Administrative Fee 0.10% 0.01% 1.05% 10.94% 4

Sales Fees

SKBRX Fees (% of AUM) Category Low Category High SKBRX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load 4.00% 1.00% 5.00% 9.09% 5

Trading Fees

SKBRX Fees (% of AUM) Category Low Category High SKBRX Rank Quintile
Max Redemption Fee 2.00% 0.75% 2.00% 3.33% 3

Turnover 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.

SKBRX Fees (% of AUM) Category Low Category High SKBRX Rank Quintile
Turnover 95.00% 0.00% 1331.00% 7.55% 4

SKBRX - Distributions

Dividend Yield Analysis

SKBRX Category Low Category High SKBRX % Rank Quintile
Dividend Yield 0.7% 0.00% 0.96% 11.67% 1

Dividend Distribution Analysis

SKBRX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

SKBRX Category Low Category High SKBRX % Rank Quintile
Net Income Ratio -0.59% -2.69% 2.36% 54.55% 4

Capital Gain Distribution Analysis

SKBRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

SKBRX - Managers

Eric S. Meyer

Manager

Start Date

Dec 15, 2010

Tenure

5.13

Tenure Rank

14.7%

Head of US Loan Portfolio Management, High Yield Strategies: New York. Joined the Deutsche Asset & Wealth Management in 2006 after 16 years of experience in positions of increasing responsibility in corporate banking with First Chicago, Credit Agricole, and most recently, Bank of America's subsidiary, Flagship Capital Management. Prior to his corporate banking experience, he worked in trust management operations for 10 years at First Chicago and EF Hutton. BA from State University of New York, Albany; MBA from Pace University.


Darwei Kung

Manager

Start Date

Apr 01, 2010

Tenure

5.84

Tenure Rank

13.3%

DARWEI KUNG, DIRECTOR. Portfolio Manager of the fund. Joined Deutsche Asset Management in 2006; previously has worked as a Director, Engineering and Business Development at Calpoint LLC from 2001-2004. BS and MS, University of Washington, Seattle; MS and MBA, Carnegie Mellon University.


John D. Ryan

Manager

Start Date

Jul 16, 2010

Tenure

5.55

Tenure Rank

14.3%

JOHN D. RYAN is a director and portfolio manager. Joined Deutsche Asset & Wealth Management in 2010. Prior to Deutsche, John was a Vice President at The Northern Trust Company, Chicago. Prior to joining Northern Trust in 2007, John was a Vice President with Castle Oak Securities. From 2004 to 2005 he was a Vice President with RBS Greenwich Capital. From 2003 to 2004 he was a Vice President at J.P. Morgan Securities, and from 1998 to 2003 he was with Deutsche Asset Management, most recently as Managing Director. John received both his B.A. and M.B.A. degrees from the University of Chicago.


Sonali Kapoor

Manager

Start Date

Oct 01, 2015

Tenure

0.33

Tenure Rank

21.7%

SONALI KAPOOR has joined Deutsche Asset & Wealth Management in 2013 with 3 years of industry experience. Prior to joining, she served in Foreign Exchange Sales covering Institutional Clients at BNP Paribas. Prior to that, she provided Fixed Income Coverage and Execution to Energy, Utility and Real Estate Companies in the Debt Capital Markets Group at UBS Securities. Started her career in Mathematical Modeling and Quantitative Analysis of Cash CLOs in the Credit Structuring Group at UBS Securities.


Rick Smith

Manager

Start Date

Feb 01, 2016

Tenure

0.0

Tenure Rank

22.7%

RICK SMITH, CFA, MANAGING DIRECTOR and Portfolio Manager. Joined Deutsche Asset Management in 2004 with 21 years of industry experience. Prior to joining, he served 11 years as a Fixed Income Investment Grade Portfolio Manager at MFS Investments. Previously, he worked as a Research Analyst at Salomon Brothers. BS in Economics, Vassar College; MBA in Finance, Vanderbilt University.


Tenure Analysis

Category Low

0.0

Category High

14.0

Category Average

5.62

Category Mode

3.5