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Name

As of 04/12/2024

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

DWS ESG Liquidity Fund

ESIXX | Fund

$1.00

$43.7 M

0.00%

0.30%

Vitals

YTD Return

1.8%

1 yr return

5.5%

3 Yr Avg Return

N/A

5 Yr Avg Return

2.1%

Net Assets

$43.7 M

Holdings in Top 10

30.2%

52 WEEK LOW AND HIGH

$1.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.30%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$25,000,000

IRA

N/A

Fund Classification

Fund Type

Money Market Fund

Name

As of 04/12/2024

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

DWS ESG Liquidity Fund

ESIXX | Fund

$1.00

$43.7 M

0.00%

0.30%

ESIXX - Profile

Distributions

  • YTD Total Return 1.8%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return 2.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    DWS ESG Liquidity Fund
  • Fund Family Name
    DWS Funds
  • Inception Date
    Apr 18, 2011
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Management Team

Fund Description

Main investments. The fund is a money market fund that is managed in accordance with federal regulations which govern the quality, maturity, diversity and liquidity of instruments in which a money market fund may invest.The fund does not seek to maintain a stable share price. As a result, the fund’s share price will fluctuate and reflect the effects of unrealized appreciation and depreciation and realized losses and gains.Under normal circumstances, the fund invests at least 80% of total assets, determined at the time of purchase, in securities that meet the Advisor’s sustainability criteria. The fund may, at the discretion of portfolio management, invest up to 20% of net assets in investments that do not meet such sustainability criteria. The fund may invest without limit in US treasury securities under adverse market conditions.The fund invests in high quality, short-term, US dollar denominated money market instruments, including obligations of US and foreign banks, corporate obligations, US government securities, municipal securities, repurchase agreements and asset-backed securities, paying a fixed, variable or floating interest rate.The fund reserves freedom of action to concentrate in obligations issued by domestic banks and US branches of foreign banks provided such US branch is subject to the same regulations as a domestic bank.Management process. Starting from a universe of US dollar denominated money market instruments, including obligations of US and foreign banks, corporate obligations, US government securities, municipal securities, repurchase agreements and asset-backed securities, the Advisor applies certain environmental, social and governance (“ESG”) criteria and seeks to buy securities that the Advisor determines present minimal credit risks.With the exception of municipal securities, (which are evaluated through a separate process described below) the Advisor uses DWS’s proprietary ESG Quality Assessment to determine whether a security meets the Advisor’s sustainability criteria. This assessment is conducted usinga DWS proprietary ESG tool that evaluates an issuer’s performance across a variety of ESG indicators, primarily on the basis of data obtained from multiple third-party ESG data vendors and public sources, and assigns a DWS ESG Quality Grade to each issuer. An additional DWS internal review process allows for changes to the DWS ESG Quality Grade. An internal review may occur, for example, if it is deemed that information is not reflected in the existing ESG grade because new information or insights have emerged that the ESG data vendors have not yet processed. Examples of information that may be considered in this review process include, but are not limited to, the announcement of new (or withdrawal from previously announced) climate-related commitments, or the resolution of legacy (or involvement in new) controversies. The Advisor may use its discretion in considering application of internal reviews on a given grade.The DWS ESG Quality Assessment seeks to identify ESG leaders and laggards within industry- and region-specific peer groups in terms of overall ESG performance (best-in-class approach). Issuers within the same industry and region-specific peer group are graded on a scale of A (true leader) to F (true laggard). Issuers with a grade of C or above are deemed to meet the Advisor’s sustainability criteria. In calculating the DWS ESG Quality Grade, the DWS proprietary ESG tool utilizes a proprietary methodology to evaluate ESG scores from multiple third-party data vendors across a broad range of ESG indicators to arrive at a consensus overall quality grade intended to reflect which companies may be positioned better to address, and which companies may be more exposed to future ESG risks, relative to their peers. The broad range of ESG indicators measured include, among others, assessments of an issuer’s carbon emissions including its own emissions and those of its products and services, land use and biodiversity, climate change strategy and vulnerability, product safety and quality, employee management issues including equal opportunities and non-discrimination, freedom of association and right to collective bargaining and occupational health and safety, community relations, human rights issues related to supply chain, business ethics and anti-corruption, and corporate governance matters including executive pay, board diversity and board independence.For asset-backed and similar securities, the DWS ESG Quality Grade assigned to the issuing agency or entity is used unless an explicit ESG assessment is available from an outside party for the specific asset-backed or similar security. For example, certain mortgage-backed securities are assessed by independent third parties who consider the sustainable impact of the underlying loans such as providing support for affordable housing to low-to-moderate income families or projects that include environmental impact features. For sovereign issuers, including the United States, the DWS ESG Quality Assessment evaluates countries based on traditional indicators including governmental policies and actions on issues such as climate change and natural resources, social conditions, basic needs, institutional strength, and rule of law, in addition to an assessment of political and civil freedom.Municipal securities are evaluated by the Advisor by applying positive and negative screens or by a scoring system separate from the DWS ESG Quality Assessmentdescribed above. From the investable universe of municipal securities, green bonds (bonds that generally fund projects that have positive environmental and/or climate benefits) that have been independently certified or assessed by a third-party will generally be deemed to meet the Advisor’s sustainability criteria, while municipal issues where more than a certain percentage of the business is attributable to nuclear power, coal, or other sectors deemed controversial by the Advisor, such as weapons, gambling, lottery, or the production or sale of tobacco will be deemed to not meet the Advisor’s sustainability criteria. As of October 31, 2023, those thresholds are 5% for nuclear power, 15% for coal and any involvement for each of the other listed activities.The remainder of the investable universe of municipal securities is scored on key performance indicators for each of three pillars: environmental, social and governance. Each pillar is evaluated and scored +1 (positive ESG impact), zero (neutral), or -1 (negative ESG impact). Only municipal securities with a cumulative score across all three pillars above zero are deemed to meet the Advisor’s sustainability criteria. In assessing the pillars, the Advisor looks to the purpose of the issue (e.g., LEED-certified construction, climate change mitigation and adaptation), the potential impact of the issue (e.g., service area unemployment rate, poverty rate), and to the obligor itself (e.g., management quality, or controversies).In considering whether a security presents minimal credit risks, the Advisor will analyze the capacity of the security’s issuer or guarantor to meet its financial obligations, which includes, as appropriate, with respect to the issuer or guarantor the following factors: (i) financial condition, (ii) sources of liquidity, (iii) ability to react to future marketwide and issuer specific events, including ability to repay debt in a highly adverse situation; and (iv) competitive position within its industry and industry strength within the economy and relative to economic trends.Using the ESG and financial criteria described above and working in consultation with portfolio management, a credit team screens potential securities and develops a list of those that the fund may buy. Portfolio management, looking for attractive yield and weighing considerations such as credit quality, economic outlooks and possible interest rate movements, then decides which securities on this list to buy.Portfolio management may adjust the fund’s exposure to interest rate risk, typically seeking to take advantage of possible rises in interest rates and to preserve yield when interest rates appear likely to fall.
Read More

ESIXX - Performance

Return Ranking - Trailing

Period ESIXX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% 0.0% 1.9% 1.45%
1 Yr 5.5% 0.5% 5.7% 1.51%
3 Yr N/A* 0.7% 2.8% 0.54%
5 Yr 2.1%* 0.7% 110.6% 5.07%
10 Yr 28.9%* 0.3% 32.1% 0.92%

* Annualized

Return Ranking - Calendar

Period ESIXX Return Category Return Low Category Return High Rank in Category (%)
2023 0.0% -0.1% 5.0% 3.98%
2022 0.0% 0.0% 1.2% 3.56%
2021 0.0% 0.0% 0.0% 3.49%
2020 0.0% 0.0% 0.4% 4.12%
2019 0.0% 0.0% 2.0% 3.68%

Total Return Ranking - Trailing

Period ESIXX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% 0.0% 1.9% 1.45%
1 Yr 5.5% 0.5% 5.7% 1.51%
3 Yr N/A* 0.7% 2.8% 0.54%
5 Yr 2.1%* 0.7% 110.6% 5.07%
10 Yr 28.9%* 0.3% 32.1% 0.92%

* Annualized

Total Return Ranking - Calendar

Period ESIXX Return Category Return Low Category Return High Rank in Category (%)
2023 5.7% 0.8% 5.9% 1.00%
2022 1.8% 0.0% 1.8% 0.51%
2021 0.0% 0.0% 1.9% 8.87%
2020 0.8% 0.0% 3.0% 1.18%
2019 2.4% 0.0% 3797.9% 9.20%

NAV & Total Return History

ESIXX - Holdings

Concentration Analysis

ESIXX Category Low Category High ESIXX % Rank
Net Assets 43.7 M 818 K 211 B 84.56%
Number of Holdings 81 1 346 28.74%
Net Assets in Top 10 190 M -343 K 163 B 94.30%
Weighting of Top 10 30.18% 22.7% 100.0% 96.82%

Top 10 Holdings

  1. Bnp Paribas 18.90%
  2. Bnp Paribas 18.90%
  3. Bnp Paribas 18.90%
  4. Bnp Paribas 18.90%
  5. Bnp Paribas 18.90%
  6. Bnp Paribas 18.90%
  7. Bnp Paribas 18.90%
  8. Bnp Paribas 18.90%
  9. Bnp Paribas 18.90%
  10. Bnp Paribas 18.90%

Asset Allocation

Weighting Return Low Return High ESIXX % Rank
Cash 		77.98% 25.56% 100.00% 41.71%
Bonds 		22.02% 0.00% 74.44% 55.92%
Stocks 		0.00% 0.00% 0.00% 2.84%
Preferred Stocks 		0.00% 0.00% 0.00% 2.84%
Other 		0.00% -1.67% 0.04% 3.08%
Convertible Bonds 		0.00% 0.00% 21.22% 11.14%

Bond Sector Breakdown

Weighting Return Low Return High ESIXX % Rank
Cash & Equivalents 		77.98% 0.00% 100.00% 39.57%
Municipal 		18.08% 0.00% 22.71% 1.90%
Government 		3.95% 0.00% 44.01% 86.02%
Derivative 		0.00% 0.00% 0.00% 2.84%
Securitized 		0.00% 0.00% 1.75% 5.69%
Corporate 		0.00% 0.00% 100.00% 20.85%

Bond Geographic Breakdown

Weighting Return Low Return High ESIXX % Rank
US 		22.02% 0.00% 72.86% 55.92%
Non US 		0.00% 0.00% 3.41% 4.27%

ESIXX - Expenses

Operational Fees

ESIXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.30% 0.08% 4.53% 61.81%
Management Fee 0.15% 0.03% 0.50% 31.99%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.01% 0.55% 44.64%

Sales Fees

ESIXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 5.75% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

ESIXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 5.00% 5.00% 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.

ESIXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 485.00% N/A

ESIXX - Distributions

Dividend Yield Analysis

ESIXX Category Low Category High ESIXX % Rank
Dividend Yield 0.00% 0.00% 5.56% 1.18%

Dividend Distribution Analysis

ESIXX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

ESIXX Category Low Category High ESIXX % Rank
Net Income Ratio N/A -1.09% 1.67% 0.54%

Capital Gain Distribution Analysis

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

Distributions History

View More +

ESIXX - Fund Manager Analysis

Managers

Management Team

Start Date

Tenure

Tenure Rank

Apr 18, 2011

11.13

11.1%

Team Managed

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 46.68 14.93 19.01

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