Explore a wide range of mutual fund options, spanning all major asset classes—domestic, international and global equities; taxable fixed-income; municipal bonds, multi-asset solutions, index-based and real assets.
Performance as of 12/31/20. Daily prices and YTD performance as of 01/21/21. Data indicated by * is as of the previous business day
Performance data below represents past performance and is no guarantee of future results. The value of your Investment in mutual funds shares will fluctuate and fund shares, when redeemed, may be worth more or less than their original cost. See below for additional important information.
Showing 10 of 43
Performance is historical and does not guarantee future results. Investment returns and principal fluctuate so your shares may be worth more or less when redeemed. Current performance may differ from the data shown. Returns with sales charge reflect the maximum sales charge. Returns without sales charge do not reflect sales charges and would have been lower if they did. To view the Net Asset Value (NAV) for a fund, please select the sales charge without option in the sales charge drop down box below. Performance includes reinvestment of all distributions
Class A and T shares are subject to a maximum front-end sales charge. Class C shares include a deferred sales charge which declines to zero after first year. The Institutional, R, R6 and S share classes are not subject to a sales charge.
Expense ratio as of current prospectus. Data indicated by * is as of the previous business day
Showing 10 of 43
Showing 10 of 43
Note that the dividend policies of the funds are subject to change at any time as market or other conditions change. There can be no guarantee that a particular dividend policy will continue. Dividends on Class C shares will fluctuate due to slight variations in fund class expenses from month to month. Not all funds have dividend payouts.
Showing 10 of 44
The above table lists 2020 capital gains for the DWS funds, payable to shareholders as of the dates indicated. It is important to note that no amounts will be provided for distributions attributable to net investment income. With these capital gain payments, please keep in mind the following:
Short-term and long-term capital gains are taxed at different rates. Please consult a tax advisor regarding your specific tax situation.
Amounts shown are "per share". To calculate your capital gain distribution, mulitply the per share amounts in the chart by the amount of shares you own. Your final capital gain distribution will be based on the number of shares you own on the fund's record date.
Prospective investors should consider purchasing shares after the record date in order to avoid a tax liability on gains their shares did not earn.
Per-share amounts are based on the actual number of shares outstanding on the funds' record date.
Note that any tax or legal information presented is merely a summary of our understanding and interpretation of some of the current tax laws and regulations and is not exhaustive. Consult your legal or tax counsel for advice and information concerning your particular situation. Neither DWS nor any of its representatives may give tax or legal advice.
If you have any questions, please contact Shareholder Services at (800) 728-3337.
Distribution rates as of 01/21/21. Yields as of 12/31/20
Showing 10 of 43
Yields are historical, will fluctuate and do not guarantee future results. The nonsubsidized yield reflects what the yield would have been had a fee and/or expense waiver not been in place during the period shown. Investment returns and principal fluctuate so your shares may be worth more or less when redeemed. Current performance may differ from the data shown. Please see below for distribution rate information.
Current annualized distribution rate (without sales charge) is the latest daily dividend shown as an annualized percentage of net asset value. Current annualized distribution rate, based upon maximum offering price which is adjusted for sales charges, where applicable, is the latest daily dividend shown as an annualized percentage of maximum offering price. Distribution rate simply measures the level of dividends and is not a complete measure of performance.
The tax-equivalent distribution rate for DWS California Tax-Free Income Fund is calculated using a 54.10% combined marginal federal and state of California tax rate.
The tax-equivalent distribution rate for DWS Intermediate Tax-Free Fund, DWS Managed Municipal Bond Bond and DWS Short-Term Municipal Bond Fund is calculated using a 40.8% marginal federal income tax rate.
The tax-equivalent distribution rate for DWS Massachusetts Tax-Free Income fund is calculated using a 45.80% combined marginal federal and state of Massachusetts tax rate.
The tax-equivalent distribution rate for DWS New York Tax-Free Income fund is calculated using a 49.60% combined marginal federal and state of New York tax rate.
Talk with your Financial Advisor to determine how our DWS funds may serve your objectives.
Many DWS funds are available on brokerage platforms. Check with yours today.
1
Total returns stated prior to the class inception date of A shares for the funds listed in the following table are derived from the original share class performance adjusted for sales charges and, where applicable, higher operating expenses. Please see the fund's prospectus for more details.
Original share class and inception date
DWS Capital Growth Fund - Class AARP 12/4/84
DWS Emerging Markets Equity Fund - Class S - 5/8/96
DWS Emerging Markets Fixed Income Fund - Class S - 12/31/93
DWS Global Macro Fund - Class Institutional - 5/15/95
DWS Global Small Cap Fund - Class S - 9/10/91
DWS GNMA Fund - Class AARP -12/31/84
DWS Health and Wellness Fund - Class S - 3/2/98
DWS High Conviction Global Bond Fund - Class S - 3/1/91
DWS Intermediate Tax-Free Fund - Class - S 4/12/83
DWS International Growth Fund - Class S - 7/23/86
DWS Large Cap Focus Growth Fund - Class S - 5/15/92
DWS Latin America Fund - Class S - 12/8/92
DWS Multi-Asset Conservative Allocation Fund- Class S - 11/15/96
DWS Multi-Asset Global Allocation Fund- Class S - 11/15/95
DWS Massachusetts Tax-Free Fund - Class S - 5/28/87
DWS RREEF Real Estate Securities Fund - Class Institutional - 12/1/99
DWS S&P 500 Index Fund - Class S - 8/2/97
DWS Short Duration Fund - Class S - 12/23/98
DWS Short Term Municipal Bond Fund - Class Institutional - 3/6/95
DWS Small Cap Growth Fund - Investment Class - 10/21/93
DWS Strategic High Yield Tax-Free Fund - Class S - 1/22/87
DWS US Bond Index - Class Institutional - 6/30/97
2
Class R shares are only available to participants in certain retirement plans or other plans. Class R shares have a 12b-1 plan. Please see the prospectus for more information.Total returns stated before the class inception date of R shares for the funds listed in the following table are derived from the original share class performance adjusted for sales charges and, where applicable, higher operating expenses. Please see the fund's prospectus for more details.
Original share class and inception date
DWS Capital Growth Fund - Class AARP - 12/4/84
DWS Global Macro Fund - Class Institutional - 5/15/95
DWS GNMA Fund - Class S - 7/14/00
DWS High Income Fund - Class A - 1/26/78
DWS International Growth Fund - Class S - 7/23/86
DWS ESG Core Equity Fund - Class A - 8/1/05
DWS RREEF Real Assets Fund - Class A - 7/30/07
DWS RREEF Real Estate Securities Fund - Class Institutional - 12/1/99
DWS Total Return Bond Fund - Class Institutional - 6/25/01
3
Total returns stated prior to the class inception date of S shares for the funds listed in the following table are derived from the original share class performance adjusted, where applicable, for higher operating expenses. All share classes invest in the same underlying fund portfolio. Please click here or see the fund's prospectus for details.
Original share class and inception date
DWS Capital Growth Fund - Class AARP - 12/4/84
DWS Global Macro Fund - Class Institutional - 5/15/95
DWS GNMA Fund - Class AARP - 12/31/84
DWS High Income Plus Fund - Class Institutional - 3/16/98
DWS RREEF Real Estate Securities Fund - Class Institutional - 12/1/99
DWS Short Term Municipal Bond Fund - Class Institutional - 3/6/95
DWS U.S. Bond Index - Class Institutional - 6/30/97
4
Total returns stated before the class inception date of C shares for the funds listed in the following table are derived from the original share class performance adjusted for sales charges and, where applicable, higher operating expenses. Please see click here or see the fund's prospectus for more details.
Original share class and inception date
DWS California Tax-Free Fund - Class A - 2/17/83
DWS Capital Growth Fund - Class AARP - 12/4/84
DWS Communications Fund - Class A - 1/18/84
DWS Emerging Markets Equity Fund - Class S - 5/8/96
DWS Emerging Markets Fixed Income Fund - Class S - 12/31/93
DWS Equity Dividend Fund - Class A - 3/18/88
DWS Global Macro Fund - Class Institutional - 5/15/95
DWS Global Income Builder Fund - Class A - 3/2/64
DWS Global International Fund - Class S - 7/23/86
DWS Global Small Cap Fund - Class S - 9/10/91
DWS GNMA Fund - Class AARP - 12/31/84
DWS Growth & Income Fund - Class S - 5/31/29
DWS Health and Wellness Fund - Class S - 3/2/98
DWS High Conviction Global Bond Fund - Class S - 3/1/91
DWS High Income Fund - Class A - 1/26/78
DWS High Income Plus Fund - Class Institutional - 3/16/98
DWS Intermediate Tax-Free Fund - Class S - 4/12/83
DWS Large Cap Focus Growth Fund - Class S - 5/15/92
DWS Large Cap Value Fund - Class A - 3/18/88
DWS Latin America Equity Fund - Class S - 12/8/92
DWS Multi-Asset Global Allocation Fund - Class S - 11/15/96
DWS Multi-Asset Conservative Allocation Fund - Class S - 11/15/96
DWS Massachusetts Tax-Free Fund - Class S - 5/28/87
DWS New York Tax-Free Income Fund - Class A - 12/31/85
DWS RREEF Real Estate Securities Fund - Class AARP 12/1/99
DWS S&P 500 Index Fund - Class S - 8/29/97
DWS Short Duration Plus Fund - Class S - 12/23/98
DWS Small Cap Growth Fund - Class Investment - 10/21/93
DWS Small Cap Value Fund - Class A - 5/22/92
DWS Strategic High Yield Tax-Free Income Fund - Class S - 1/22/87
DWS Strategic Income Fund - Class A - 6/23/77
DWS Short Term Municipal Bond Fund - Class Institutional - 3/6/95
DWS Science and Technology Fund - Class A - 9/7/48
5
DWS Intermediate Tax/AMT Free Fund was renamed DWS Intermediate Tax-Free Fund on 8/2/18.
6
Total returns stated prior to the class inception date of T shares for the funds listed in the following table are derived from the original share class performance adjusted for sales charges and, where applicable, higher operating expenses.
Class T shares are intended for investors seeking the advice and assistance of a financial advisor, who will typically receive compensation or those services. Class T share have a sales charge of up to 2.50% and a 0.25% annual distribution/shareholder servicing fee. See the fund's prospectus for more details.
On October 1, 2018 Class T shares of each fund will be closed to new purchases, except that Class T shares may continue to be purchased in connection with the reinvestment of dividends or other distributions.
Original share class and inception date
DWS Core Equity Fund - Class S - 5/31/1929
DWS CROCI Equity Dividend Fund - Class Institutional - 8/19/2002
DWS CROCI International Fund - Class Institutional - 12/29/2000
DWS CROCI U.S Fund - Class Institutional - 4/10/2015
DWS Emerging Markets Equity Fund - Class S - 5/8/1996
DWS Enhanced Commodity Strategy Fund - Class Institutional - 2/14/2005
DWS Global High Income Fund - Class Institutional - 3/16/1998
DWS RREEF Global Infrastructure Fund - Class Institutional - 6/24/2008
DWS RREEF Global Real Estate Securities Fund - Class Institutional - 7/3/2006
DWS Global Small Cap Fund - Class S - 9/10/1991
DWS GNMA Fund - Class S - 7/14/2000
DWS High Income Fund - Class A - 1/26/1978
DWS RREEF Real Assets Fund - Class Institutional - 7/30/2007
DWS RREEF Real Estate Securities Fund - Class Institutional - 12/1/1999
DWS Short Duration Fund - Class S - 12/23/1998
DWS Small Cap Core Fund - Class S - 7/17/2000
7
Due to the recent inception of the R6 share class, performance data is not yet available.
8
The S&P 500® index is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”), and has been licensed for use by DWS Investment Management Americas, Inc. Standard & Poor’s®, S&P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by DWS Investment Management Americas, Inc. Deutsche DWS Equity Index Portfolio, Deutsche DWS Institutional Funds (comprising DWS Equity 500 Index Fund and DWS S&P 500 Index Fund) are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P or their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 index.
9
Effective 7/15/20, for Class A shares, there is a front-end sales charge of 2.25%. There are related sales charge discountsand contingent deferred sales charges (CDSC) which may apply to new fund share purchases for Class A shares. Between 2/11/19 and 7/15/20, there were no sales charges to purchase Class A shares and no CDSC charges apply to shares of the fund acquired directly. However, Class A shares acquired in an exchange from shares of another DWS fund that were subject to a CDSC at the time of the exchange will continue to be subject to the CDSC schedule of the shares of the fund you originally purchased. Investments of $250,000 or more made on or after July 15, 2020 may be eligible to buy Class A shares without a sales charge (load), but may be subject to a contingent deferred sales charge of 0.75% if redeemed within 12 months of the original purchase date. See the prospectus for details.
10
Prior to 5/1/19, this fund was known as DWS High Conviction Global Bond Fund. The fund management, objective, strategy and risks also changed at that time.
11
Prior to 7/29/19 this fund was known as DWS Multi-Asset Global Allocation Fund. The strategy and management team also changed at that time.
12
Prior to 9/23/19 this fund was known as DWS Mid Cap Value Fund . The fund’s objective and strategy also changed at that time. See the prospectus for more details.
13
Prior to 10/1/19 this fund was known as DWS European Equity Fund. The fund’s objective and strategy will also change at that time. See the prospectus for more details.
Risk considerations
Investments in mutual funds involve risk. Stocks may decline in value. Bond investments are subject to interest-rate, credit, liquidity and market risks to varying degrees. Credit risk refers to the ability of an issuer to make timely payments of principal and interest. Investing in derivatives entails special risks relating to liquidity, leverage and credit that may reduce returns and/or increase volatility. Investing in foreign securities, particularly those of emerging markets, presents certain risks, such as currency fluctuations, political and economic changes, and market risks. There are additional risks associated with investing in commodities, high-yield bonds, aggressive growth stocks, non-diversified/concentrated funds and small- and mid-cap stocks which are more fully explained in the prospectuses. Please read the prospectus for more information.
This website is intended to be a general communication and is provided for informational and/or educational purposes only. None of the content should be viewed as a suggestion that you take or refrain from taking any action nor as a recommendation for any specific investment product, strategy, plan feature or other such purpose. Your use of this website indicates that you agree with the intended purpose. Prior to making any investment or financial decision, you should seek individualized advice from a personal financial, tax, and other professionals who are able to provide advice in the context of your particular financial situation.
War, terrorism, economic uncertainty, trade disputes, public health crises (including the recent pandemic spread of the novel coronavirus) and related geopolitical events could lead to increased market volatility, disruption to US and world economies and markets and may have significant adverse effects on the fund and its investments.
Read the Prospectus
To obtain a summary prospectus, if available, or prospectus, talk to your financial representative, contact us, or download the following, Mutual funds, Money market funds, Variable insurance portfolios. We advise you to carefully consider the product's objectives, risks, charges and expenses before investing. The summary prospectus and prospectus contains this and other important information about the investment product. Please read the summary prospectus and prospectus carefully before you invest.
NO BANK GUARANTEE | NOT FDIC INSURED | MAY LOSE VALUE
This site is intended for U.S. investors only.
The brand DWS represents DWS Group GmbH & Co. KGaA and any of its subsidiaries, such as DWS Distributors, Inc., which offers investment products, or DWS Investment Management Americas, Inc. and RREEF America L.L.C., which offer advisory services.
Copyright © 2020 DWS Group GmbH & Co. KGaA. All rights reserved.
DWS Distributors, Inc. MemberFINRA