DWS Latin America Equity Fund
Name
As of 11/22/2024Price
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
Vitals
YTD Return
-21.4%
1 yr return
-14.7%
3 Yr Avg Return
-0.2%
5 Yr Avg Return
-0.1%
Net Assets
$419 M
Holdings in Top 10
34.3%
52 WEEK LOW AND HIGH
$25.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 2.37%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 115.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/22/2024Price
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
SLAPX - Profile
Distributions
- YTD Total Return -21.4%
- 3 Yr Annualized Total Return -0.2%
- 5 Yr Annualized Total Return -0.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.20%
- Dividend Yield 3.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameDWS Latin America Equity Fund
-
Fund Family NameDWS Funds
-
Inception DateMay 29, 2001
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerWilliam Piper
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 Latin American common stocks and other equities (equities that are traded mainly on Latin American markets, issued or guaranteed by a Latin American government or issued by a company organized under the laws of a Latin American country or any company with more than half of its business in Latin America). The fund defines Latin America as Mexico, Central America, South America and the Spanish-speaking islands of the Caribbean.Although the fund may invest in any Latin American country, it expects to invest primarily in common stocks of established companies in Argentina, Brazil, Chile, Colombia, Mexico, Panama and Peru.The fund may invest up to 20% of net assets in the equity securities of US and other non-Latin American issuers and in debt securities including junk bonds (grade BB/Ba and below). The fund may also invest as much as 10% of net assets in debt securities rated B or lower.Management process. In choosing securities, portfolio management uses a combination of three analytical disciplines:■Bottom-up research. Portfolio management looks for individual companies that it believes have a history of above-average growth, strong competitive positioning, attractive prices relative to potential growth, sound financial strength and effective management, among other factors.■Growth orientation. Portfolio management generally looks for companies that it believes have above-average potential for sustainable growth of revenue or earnings and whose market value appears reasonable in light of their business prospects.■Analysis of regional themes. Portfolio management looks for significant social, economic, industrial and demographic changes, seeking to identify stocks that may benefit from them.Portfolio management may consider environmental, social and governance (ESG) factors, that it believes to be financially material, in its fundamental research process and when making investment decisions. In evaluating ESG issues, portfolio management refers to internal and external ESG research.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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SLAPX - Performance
Return Ranking - Trailing
| Period | SLAPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -21.4% | -21.4% | -11.0% | 100.00% |
| 1 Yr | -14.7% | -14.7% | -2.6% | 100.00% |
| 3 Yr | -0.2%* | -0.9% | 9.5% | 93.33% |
| 5 Yr | -0.1%* | -5.2% | 1.0% | 64.29% |
| 10 Yr | 1.7%* | -0.2% | 2.7% | 44.44% |
* Annualized
Return Ranking - Calendar
| Period | SLAPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 29.1% | 16.7% | 31.7% | 26.67% |
| 2022 | 1.0% | -15.0% | 1.0% | 6.67% |
| 2021 | -21.1% | -24.3% | -7.1% | 71.43% |
| 2020 | 0.0% | -22.4% | 1.0% | 28.57% |
| 2019 | 34.6% | 10.2% | 47.4% | 38.46% |
Total Return Ranking - Trailing
| Period | SLAPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -21.4% | -21.4% | -11.0% | 100.00% |
| 1 Yr | -14.7% | -14.7% | -2.6% | 100.00% |
| 3 Yr | -0.2%* | -0.9% | 9.5% | 93.33% |
| 5 Yr | -0.1%* | -5.2% | 1.0% | 64.29% |
| 10 Yr | 1.7%* | -0.2% | 2.7% | 44.44% |
* Annualized
Total Return Ranking - Calendar
| Period | SLAPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 32.5% | 28.3% | 36.6% | 80.00% |
| 2022 | 7.3% | -11.1% | 12.4% | 53.33% |
| 2021 | -21.1% | -21.1% | -1.5% | 100.00% |
| 2020 | 0.0% | -20.9% | 1.0% | 28.57% |
| 2019 | 34.6% | 13.8% | 50.6% | 46.15% |
NAV & Total Return History
SLAPX - Holdings
Concentration Analysis
| SLAPX | Category Low | Category High | SLAPX % Rank | |
|---|---|---|---|---|
| Net Assets | 419 M | 6.65 M | 5.28 B | 60.00% |
| Number of Holdings | 66 | 44 | 152 | 46.67% |
| Net Assets in Top 10 | 96.9 M | 2.1 M | 2.3 B | 60.00% |
| Weighting of Top 10 | 34.27% | 34.3% | 57.4% | 100.00% |
Top 10 Holdings
- Rumo SA 4.06%
- Grupo Financiero Banorte SAB de CV 4.03%
- Banco do Brasil SA 3.91%
- B3 SA - Brasil Bolsa Balcao 3.89%
- Centrais Eletricas Brasileiras SA 3.44%
- Fomento Economico Mexicano SAB de CV 3.43%
- Vale SA 3.01%
- Credicorp Ltd 2.96%
- PRIO SA/Brazil 2.87%
- Banco Bradesco SA 2.67%
Asset Allocation
| Weighting | Return Low | Return High | SLAPX % Rank | |
|---|---|---|---|---|
| Stocks | 86.87% | 69.19% | 95.75% | 33.33% |
| Preferred Stocks | 9.26% | 0.00% | 28.32% | 86.67% |
| Cash | 3.85% | 0.00% | 9.18% | 33.33% |
| Other | 0.00% | 0.00% | 0.11% | 100.00% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 93.33% |
| Bonds | 0.00% | 0.00% | 4.41% | 93.33% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | SLAPX % Rank | |
|---|---|---|---|---|
| Financial Services | 23.16% | 7.53% | 35.31% | 80.00% |
| Basic Materials | 21.33% | 6.29% | 30.27% | 66.67% |
| Industrials | 15.91% | 2.78% | 17.03% | 33.33% |
| Energy | 9.64% | 3.95% | 17.38% | 60.00% |
| Consumer Cyclical | 8.20% | 2.93% | 17.90% | 60.00% |
| Consumer Defense | 6.76% | 6.76% | 16.72% | 100.00% |
| Technology | 4.46% | 0.00% | 5.06% | 46.67% |
| Real Estate | 3.33% | 0.00% | 6.78% | 33.33% |
| Healthcare | 2.94% | 1.37% | 7.43% | 66.67% |
| Utilities | 2.38% | 0.56% | 24.83% | 66.67% |
| Communication Services | 1.89% | 0.31% | 7.08% | 66.67% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | SLAPX % Rank | |
|---|---|---|---|---|
| Non US | 68.22% | 42.54% | 84.58% | 53.33% |
| US | 18.66% | 0.00% | 51.36% | 60.00% |
SLAPX - Expenses
Operational Fees
| SLAPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.37% | 0.19% | 2.76% | 13.33% |
| Management Fee | 1.00% | 0.19% | 1.10% | 73.33% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 100.00% |
| Administrative Fee | 0.10% | 0.08% | 0.15% | 83.33% |
Sales Fees
| SLAPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 5.00% | 5.75% | N/A |
| Deferred Load | 1.00% | 1.00% | 1.00% | 100.00% |
Trading Fees
| SLAPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 2.00% | 58.33% |
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.
| SLAPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 115.00% | 17.00% | 115.00% | 100.00% |
SLAPX - Distributions
Dividend Yield Analysis
| SLAPX | Category Low | Category High | SLAPX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.01% | 2.54% | 9.47% | 100.00% |
Dividend Distribution Analysis
| SLAPX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| SLAPX | Category Low | Category High | SLAPX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.20% | 1.18% | 8.87% | 93.33% |
Capital Gain Distribution Analysis
| SLAPX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 21, 2023 | $0.775 | OrdinaryDividend |
| Dec 30, 2022 | $0.057 | OrdinaryDividend |
| Dec 22, 2022 | $1.545 | OrdinaryDividend |
| Dec 21, 2017 | $0.844 | OrdinaryDividend |
| Dec 22, 2016 | $0.162 | OrdinaryDividend |
| Dec 23, 2014 | $0.350 | CapitalGainShortTerm |
| Dec 23, 2014 | $1.144 | CapitalGainLongTerm |
| Dec 23, 2014 | $0.208 | OrdinaryDividend |
| Dec 31, 2013 | $0.071 | ExtraDividend |
| Dec 23, 2013 | $1.813 | CapitalGainLongTerm |
| Dec 26, 2012 | $9.006 | CapitalGainLongTerm |
| Dec 26, 2012 | $0.106 | OrdinaryDividend |
| Dec 23, 2011 | $3.831 | CapitalGainLongTerm |
| Dec 23, 2010 | $2.361 | CapitalGainLongTerm |
| Dec 23, 2010 | $0.909 | OrdinaryDividend |
| Dec 23, 2009 | $0.772 | OrdinaryDividend |
| Dec 23, 2008 | $3.430 | CapitalGainLongTerm |
| Dec 21, 2007 | $1.821 | CapitalGainShortTerm |
| Dec 21, 2007 | $9.784 | CapitalGainLongTerm |
| Apr 23, 2007 | $0.002 | CapitalGainShortTerm |
| Apr 23, 2007 | $0.004 | CapitalGainLongTerm |
| Dec 22, 2006 | $2.611 | CapitalGainShortTerm |
| Dec 22, 2006 | $4.253 | CapitalGainLongTerm |
SLAPX - Fund Manager Analysis
Managers
William Piper
Start Date
Tenure
Tenure Rank
May 15, 2020
2.04
2.0%
Scott Piper. Chief Investment Officer, Itaú USA Asset Management, Inc. (New York). Joined Itaú USA Asset Management, Inc. in 2011. Prior to joining Itaú USA Asset Management, Inc., he worked for eight years at Morgan Stanley Investment Management, where he was a member of the Emerging Markets Group and Co-Portfolio Manager in Latin American assets. Prior to this, he was a Portfolio Manager at Deltec Asset Management managing both Latin American and Emerging Markets portfolios. BA, Tulane University; MBA, IESE Business School, Barcelona, Spain.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 2.04 | 8.17 | 4.49 | 2.04 |