DWS RREEF Real Estate Securities Instl
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
Vitals
YTD Return
-32.8%
1 yr return
2.3%
3 Yr Avg Return
8.2%
5 Yr Avg Return
8.6%
Net Assets
$1.48 B
Holdings in Top 10
51.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.61%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 114.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Investment Style
Real Estate
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
RRRRX - Profile
Distributions
- YTD Total Return -32.8%
- 3 Yr Annualized Total Return 8.2%
- 5 Yr Annualized Total Return 8.6%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 1.21%
- Dividend Yield 2.3%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameDWS RREEF Real Estate Securities Fund
-
Fund Family NameDWS
-
Inception DateDec 01, 1999
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJohn Vojticek
Fund Description
The fund will invest at least 80% of its net assets, plus the amount of any borrowing for investment purposes (calculated at the time of any investment), in equity securities of real estate investment trusts (REITs) and real estate companies. It may also invest a portion of its assets in other types of securities. These securities may include short-term securities, bonds, notes, securities of companies not principally engaged in the real estate industry and other similar securities. The fund is non-diversified.
RRRRX - Performance
Return Ranking - Trailing
| Period | RRRRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -32.8% | -46.9% | 24.6% | 88.93% |
| 1 Yr | 2.3% | -21.3% | 41.5% | 69.79% |
| 3 Yr | 8.2%* | -8.8% | 20.7% | 47.29% |
| 5 Yr | 8.6%* | -3.1% | 13.0% | 30.62% |
| 10 Yr | 9.2%* | 1.9% | 14.1% | 25.23% |
* Annualized
Return Ranking - Calendar
| Period | RRRRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2021 | 32.2% | -86.3% | 52.3% | 55.67% |
| 2020 | -8.6% | -53.9% | 35.0% | 49.81% |
| 2019 | 19.8% | -0.8% | 43.1% | 42.91% |
| 2018 | -7.3% | -44.0% | 2.2% | 19.75% |
| 2017 | 1.4% | -16.4% | 25.4% | 45.37% |
Total Return Ranking - Trailing
| Period | RRRRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -32.8% | -59.3% | 24.6% | 88.58% |
| 1 Yr | 2.3% | -25.3% | 48.1% | 58.56% |
| 3 Yr | 8.2%* | -8.8% | 20.7% | 41.99% |
| 5 Yr | 8.6%* | -3.1% | 13.0% | 26.72% |
| 10 Yr | 9.2%* | 1.5% | 14.1% | 23.50% |
* Annualized
Total Return Ranking - Calendar
| Period | RRRRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2021 | 32.2% | -86.3% | 52.3% | 55.67% |
| 2020 | -8.6% | -53.9% | 35.0% | 49.81% |
| 2019 | 19.8% | -0.8% | 43.1% | 42.91% |
| 2018 | -7.3% | -43.3% | 3.3% | 43.70% |
| 2017 | 1.4% | -13.6% | 31.4% | 77.31% |
NAV & Total Return History
RRRRX - Holdings
Concentration Analysis
| RRRRX | Category Low | Category High | RRRRX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.48 B | 1.28 M | 78.4 B | 25.56% |
| Number of Holdings | 38 | 3 | 642 | 62.95% |
| Net Assets in Top 10 | 803 M | 4.22 K | 35.2 B | 21.97% |
| Weighting of Top 10 | 51.25% | 15.9% | 99.8% | 47.32% |
Top 10 Holdings
- Prologis Inc 8.89%
- Crown Castle International Corp 7.13%
- AvalonBay Communities Inc 5.83%
- Public Storage 5.00%
- Simon Property Group Inc 4.91%
- American Tower Corp 4.83%
- Welltower OP LLC 4.56%
- SBA Communications Corp 4.46%
- Extra Space Storage Inc 4.46%
- Equinix Inc 4.13%
Asset Allocation
| Weighting | Return Low | Return High | RRRRX % Rank | |
|---|---|---|---|---|
| Stocks | 99.50% | 0.00% | 106.94% | 28.85% |
| Cash | 0.50% | -98.06% | 49.73% | 66.89% |
| Preferred Stocks | 0.00% | -0.12% | 33.96% | 88.52% |
| Other | 0.00% | -1.70% | 94.17% | 84.92% |
| Convertible Bonds | 0.00% | 0.00% | 10.95% | 86.56% |
| Bonds | 0.00% | -3.17% | 97.45% | 86.89% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | RRRRX % Rank | |
|---|---|---|---|---|
| Real Estate | 100.00% | 34.46% | 100.00% | 32.64% |
| Utilities | 0.00% | 0.00% | 9.09% | 85.42% |
| Technology | 0.00% | 0.00% | 12.02% | 89.24% |
| Industrials | 0.00% | 0.00% | 7.39% | 87.15% |
| Healthcare | 0.00% | 0.00% | 0.53% | 85.42% |
| Financial Services | 0.00% | 0.00% | 37.05% | 86.46% |
| Energy | 0.00% | 0.00% | 33.11% | 86.11% |
| Communication Services | 0.00% | 0.00% | 11.61% | 87.15% |
| Consumer Defense | 0.00% | 0.00% | 1.53% | 85.07% |
| Consumer Cyclical | 0.00% | 0.00% | 45.29% | 91.32% |
| Basic Materials | 0.00% | 0.00% | 13.69% | 85.76% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | RRRRX % Rank | |
|---|---|---|---|---|
| US | 99.45% | 0.00% | 101.17% | 25.25% |
| Non US | 0.05% | 0.00% | 44.90% | 39.34% |
RRRRX - Expenses
Operational Fees
| RRRRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.61% | 0.07% | 4.72% | 82.89% |
| Management Fee | 0.39% | 0.00% | 1.50% | 9.33% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.10% | 0.01% | 0.45% | 42.31% |
Sales Fees
| RRRRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| RRRRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 25.58% |
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.
| RRRRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 114.00% | 0.11% | 380.00% | 83.09% |
RRRRX - Distributions
Dividend Yield Analysis
| RRRRX | Category Low | Category High | RRRRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.26% | 0.00% | 27.59% | 59.54% |
Dividend Distribution Analysis
| RRRRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Monthly | Quarterly |
Net Income Ratio Analysis
| RRRRX | Category Low | Category High | RRRRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.21% | -1.14% | 6.05% | 38.36% |
Capital Gain Distribution Analysis
| RRRRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Semi-Annually | Annually | Semi-Annually | Annually |
Dividend Payout History
| Date | Amount | Type |
|---|---|---|
| Sep 26, 2022 | $0.104 | OrdinaryDividend |
| Mar 25, 2022 | $0.064 | OrdinaryDividend |
| Sep 24, 2021 | $0.100 | OrdinaryDividend |
| Jun 24, 2021 | $0.099 | OrdinaryDividend |
| Mar 25, 2021 | $0.064 | OrdinaryDividend |
| Dec 18, 2020 | $0.100 | OrdinaryDividend |
| Sep 24, 2020 | $0.099 | OrdinaryDividend |
| Mar 25, 2020 | $0.105 | OrdinaryDividend |
| Sep 24, 2019 | $0.115 | OrdinaryDividend |
| Mar 25, 2019 | $0.105 | OrdinaryDividend |
| Sep 24, 2018 | $0.115 | OrdinaryDividend |
| Mar 23, 2018 | $0.095 | OrdinaryDividend |
| Sep 25, 2017 | $0.106 | OrdinaryDividend |
| Jun 26, 2017 | $0.107 | OrdinaryDividend |
| Mar 27, 2017 | $0.096 | OrdinaryDividend |
| Sep 26, 2016 | $0.107 | OrdinaryDividend |
| Mar 24, 2016 | $0.097 | OrdinaryDividend |
| Jan 04, 2016 | $0.069 | OrdinaryDividend |
| Sep 24, 2015 | $0.108 | OrdinaryDividend |
| Mar 25, 2015 | $0.089 | OrdinaryDividend |
| Sep 24, 2014 | $0.109 | OrdinaryDividend |
RRRRX - Fund Manager Analysis
Managers
John Vojticek
Start Date
Tenure
Tenure Rank
Sep 30, 2004
17.68
17.7%
Co-Head of Liquid Real Assets / Chief Investment Officer of Liquid Real Assets John W. Vojticek has served as a Managing Director and Chief Investment Officer of Real Estate & Infrastructure Securities and Global Portfolio Manager for RREEF since July 2011 and was Co-Head of Americas Real Estate Securities from 2006 to July 2011. Mr. Vojticek was responsible for launching the firm's first listed infrastructure securities strategy in June 2008 and served as Head of the Listed Infrastructure Securities business from June 2008 until his appointment as Chief Information Officer in July 2011. Mr. Vojticek is an associate member of the National Association of Real Estate Investment Trusts. Mr. Vojticek holds a B.S. in Business Administration from the University of Southern California.
David Zonavetch
Start Date
Tenure
Tenure Rank
Aug 27, 2013
8.76
8.8%
David W. Zonavetch has served as a Managing Director and Co-Head of Real Estate Securities for the Americas and Co-Lead Portfolio Manager, DWS, based in Chicago, since February 2017. Mr. Zonavetch has served as a Director and Co-Lead Portfolio Manager for RREEF since September 2013 and as Co-Lead Portfolio Manager - Real Estate Securities since February 2012. Previously, he served as Vice President and Portfolio Manager from February 2007 to February 2012. From February 2007 to February 2012, Mr. Zonavetch was a Vice President and Securities Analyst at RREEF Real Estate. He has nine years of experience in accounting and finance. From 1998 to 2001, Mr. Zonavetch served as a Senior Accountant in Corporate Finance of RREEF Real Estate, and from 2001 to 2003, he served as Securities Accounting Coordinator with RREEF Real Estate’s Securities Group, covering the office and self- storage sectors. From 1995 until joining RREEF Real Estate in 1998, Mr. Zonavetch worked as an analyst for Cendant Mobility Services Corp., a corporate employee relocation company. Mr. Zonavetch holds a B.S. in Finance from the University of Illinois at Urbana-Champaign and is a certified public accountant.
Robert Thomas
Start Date
Tenure
Tenure Rank
Jan 03, 2017
5.41
5.4%
Robert Thomas, Head of Investment Strategy Liquid Real Assets. Portfolio Manager of the fund. Robert Thomas has served as a Managing Director and Co-Head of Americas Real Estate Securities, Alternatives for RREEF America L.L.C. since 2017. He served as lead portfolio manager of North America for global listed property funds at Henderson Global Investors from 2015 to 2016, he was co-lead portfolio manager of North America for global listed property funds at AMP Capital from 2012 to 2015, and as an analyst at Nuveen Asset Management from 2011 to 2012, at BNP Paribas Asset Management from 2005 to 2011 and at Security Capital Research & Management from 2004 to 2005. Mr. Thomas started his career as an investment banking analyst in the Real Estate group at KeyBanc Capital Markets in 2002. Mr. Thomas holds a B.A. in Economics from Duke University and an MBA in Finance, Management & Strategy from Kellogg School of Management, Northwestern University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.01 | 28.42 | 8.01 | 2.23 |