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SKSRX DWS Enhanced Commodity Strategy S

  • Fund
  • SKSRX
  • Price as of: Dec 12, 2018
  • $10.19
  • + $0.02
  • + 0.20%
  • Category
  • Commodity Producers Equities

SKSRX - Profile

Vitals

  • YTD Return -14.4%
  • 3 Yr Annualized Return -0.9%
  • 5 Yr Annualized Return -5.0%
  • Net Assets $2.92 B
  • Holdings in Top 10 50.3%

52 WEEK LOW AND HIGH

$10.19
$9.99
$12.46

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.19%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 79.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$1,000

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return -14.4%
  • 3 Yr Annualized Total Return -0.9%
  • 5 Yr Annualized Total Return -5.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.97%
DIVIDENDS
  • Dividend Yield 2.2%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name DWS Enhanced Commodity Strategy Fund
  • Fund Family Name DWS
  • Inception Date Feb 14, 2005
  • Shares Outstanding N/A
  • Share Class S
  • Currency USD
  • Domiciled Country United States
  • Manager Darwei Kung

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.

SKSRX - Performance

Return Ranking - Trailing

Period SKSRX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -14.4% -16.4% 18.2% 85.32% 5
1 Yr -10.0% -25.6% 25.5% 82.73% 5
3 Yr -0.9% * -16.0% 12.8% 62.14% 4
5 Yr -5.0% * -14.8% 4.6% 18.37% 1
10 Yr -0.6% * -11.8% 10.2% 28.95% 2

* Annualized


Return Ranking - Calendar

Period SKSRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 1.1% -28.1% 19.1% 44.44% 3
2016 3.5% -25.1% 41.9% 78.00% 5
2015 -17.2% -35.0% 0.0% 22.00% 2
2014 -9.6% -34.3% 7.0% 18.09% 1
2013 -7.8% -51.4% 23.5% 40.00% 2

Total Return Ranking - Trailing

Period SKSRX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -14.4% -100.0% 18.2% 82.57% 5
1 Yr -10.0% -25.6% 25.5% 76.36% 4
3 Yr -0.9% * -16.9% 13.4% 58.25% 3
5 Yr -5.0% * -15.0% 4.6% 16.33% 1
10 Yr -0.6% * -11.8% 10.2% 28.95% 2

* Annualized


Total Return Ranking - Calendar

Period SKSRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 1.1% -28.1% 19.1% 44.44% 3
2016 7.5% -25.1% 44.4% 69.00% 4
2015 -17.6% -35.0% 1.4% 26.00% 2
2014 -6.8% -34.3% 9.0% 14.89% 1
2013 22.4% -51.7% 24.8% 6.67% 1

NAV & Total Return History

SKSRX - Holdings

Filings data as of: Oct 31, 2018

Concentration Analysis

SKSRX Category Low Category High SKSRX % Rank Quintile
Net Assets 2.92 B 758 K 3.88 B 2.73% 1
Number of Holdings 360 2 377 1.82% 1
Net Assets in Top 10 1.03 B -48.7 M 1.37 B 1.82% 1
Weighting of Top 10 50.3% 1.2% 201.4% 15.45% 3

Top 10 Holdings

  1. Dws Cayman Commodity Ii Ltd 16.16%
  2. United States Treasury Notes 2.43% 6.59%
  3. United States Treasury Notes 2.38% 6.59%
  4. Bdw4hys05 Irs Usd R V 03mliborbdw4hys21 Ccpvanilla 5.61%
  5. Bdw4hys05 Irs Usd P F 2.99300bdw4hys13 Ccpvanilla 5.59%
  6. Us 5yr Note (Cbt) Dec18 Xcbt 20181231 2.55%
  7. Us 2yr Note (Cbt) Dec18 Xcbt 20181231 2.30%
  8. United States Treasury Notes 2.44% 1.65%
  9. United States Treasury Notes 0.75% 1.64%
  10. United States Treasury Notes 1% 1.64%

Asset Allocation

Weighting Category Low Category High SKSRX % Rank Quintile
Bonds
65.63% 0.00% 95.64% 10.00% 2
Cash
18.01% -101.98% 102.38% 23.64% 4
Stocks
16.16% -0.09% 99.47% 12.73% 2
Convertible Bonds
0.20% 0.00% 0.35% 1.82% 1
Preferred Stocks
0.00% 0.00% 0.00% 0.91% 1
Other
0.00% -3.78% 106.34% 22.73% 4

Stock Sector Breakdown

Weighting Category Low Category High SKSRX % Rank Quintile
Utilities
0.00% 0.00% 28.07% N/A N/A
Technology
0.00% 0.00% 3.68% N/A N/A
Real Estate
0.00% 0.00% 0.74% N/A N/A
Industrials
0.00% 0.00% 56.76% N/A N/A
Healthcare
0.00% 0.00% 9.77% N/A N/A
Financial Services
0.00% 0.00% 0.76% N/A N/A
Energy
0.00% 0.00% 68.98% N/A N/A
Communication Services
0.00% 0.00% 0.37% N/A N/A
Consumer Defense
0.00% 0.00% 7.54% N/A N/A
Consumer Cyclical
0.00% 0.00% 4.09% N/A N/A
Basic Materials
0.00% 0.00% 89.67% N/A N/A

Stock Geographic Breakdown

Weighting Category Low Category High SKSRX % Rank Quintile
US
16.16% -0.09% 68.22% 10.91% 2
Non US
0.00% 0.00% 77.14% 11.82% 2

Bond Sector Breakdown

Weighting Category Low Category High SKSRX % Rank Quintile
Corporate
26.08% 0.00% 56.34% 4.55% 1
Government
23.96% 0.00% 95.64% 12.73% 2
Cash & Equivalents
18.01% -101.98% 102.38% 24.55% 4
Securitized
15.79% 0.00% 21.69% 3.64% 1
Derivative
0.00% -19.30% 0.19% 3.64% 1
Municipal
0.00% 0.00% 0.44% 1.82% 1

Bond Geographic Breakdown

Weighting Category Low Category High SKSRX % Rank Quintile
US
53.68% -0.04% 95.64% 10.91% 2
Non US
11.95% 0.00% 37.02% 4.55% 1

SKSRX - Expenses

Operational Fees

SKSRX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.19% 0.39% 18.01% 57.27% 2
Management Fee 0.86% 0.00% 1.50% 11.82% 4
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.10% 0.01% 1.05% 10.94% 3

Sales Fees

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

Trading Fees

SKSRX Fees (% of AUM) Category Low Category High SKSRX Rank Quintile
Max Redemption Fee 2.00% 0.75% 2.00% 3.33% 2

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.

SKSRX Fees (% of AUM) Category Low Category High SKSRX Rank Quintile
Turnover 79.00% 0.00% 1331.00% 14.15% 3

SKSRX - Distributions

Dividend Yield Analysis

SKSRX Category Low Category High SKSRX % Rank Quintile
Dividend Yield 2.2% 0.00% 2.21% 2.60% 1

Dividend Distribution Analysis

SKSRX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

SKSRX Category Low Category High SKSRX % Rank Quintile
Net Income Ratio 0.97% -2.69% 2.36% 16.36% 1

Capital Gain Distribution Analysis

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

SKSRX - Managers

Darwei Kung

Manager

Start Date

Apr 01, 2010

Tenure

8.67

Tenure Rank

5.7%

DARWEI KUNG, DIRECTOR, has joined Deutsche Asset Management in 2006. Previously he has worked as a Director, Engineering and Business Development at Calpoint LLC from 2001-2004. He holds a BS and MS from University of Washington, Seattle; a MS and MBA from Carnegie Mellon University.


Sonali Kapoor

Manager

Start Date

Oct 01, 2015

Tenure

3.17

Tenure Rank

16.7%

SONALI KAPOOR has joined DWS 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

2.83

Tenure Rank

18.7%

RICK SMITH, CFA, MANAGING DIRECTOR and Portfolio Manager. Joined DWS Investment Management Americas, Inc. in 2004. Prior to joining, he served as a Fixed Income Investment Grade Portfolio Manager at MFS Investments. Previously, he worked as a Research Analyst at Salomon Brothers. Senior Portfolio Manager: New York. BA in Economics, Vassar College; MBA in Finance, Vanderbilt University.


Tenure Analysis

Category Low

0.0

Category High

14.4

Category Average

5.81

Category Mode

3.9