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DWS RREEF Global Infrastructure Fund
mutual fund
TOLIX
Payout Change
Pending
Price as of:
$15.08
+0.09
+0.6%
primary theme
Infrastructure Industry Equity
share class
TOLIX (Mutual Fund)
DWS RREEF Global Infrastructure Fund
Payout Change
Pending
Price as of:
$15.08
+0.09
+0.6%
primary theme
Infrastructure Industry Equity
share class
TOLIX (Mutual Fund)
DWS RREEF Global Infrastructure Fund
Payout Change
Pending
Price as of:
$15.08
+0.09
+0.6%
primary theme
Infrastructure Industry Equity
share class
Name
As of 12/23/2024Price
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
11.9%
1 yr return
12.7%
3 Yr Avg Return
1.7%
5 Yr Avg Return
4.2%
Net Assets
$874 M
Holdings in Top 10
51.2%
52 WEEK LOW AND HIGH
$15.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.12%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 44.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/23/2024Price
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
TOLIX - Profile
Distributions
- YTD Total Return 11.9%
- 3 Yr Annualized Total Return 1.7%
- 5 Yr Annualized Total Return 4.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.62%
- Dividend Yield 5.1%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameDWS RREEF Global Infrastructure Fund
-
Fund Family NameDWS
-
Inception DateJun 24, 2008
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerFrancis Greywitt
Fund Description
Main investments. Under normal circumstances, the fund invests at least 80% of net assets in the securities of US and non-US infrastructure-related companies. For purposes of the fund's 80% investment policy, the term “net assets” means the fund's net assets, plus the amount of any borrowings for investment purposes. The fund considers a company to be an infrastructure-related company if at least 50% of its non-cash assets are infrastructure assets or 50% of its gross income or net profits are derived, directly or indirectly, from the ownership, management, construction, operation, utilization or financing of infrastructure assets. Examples of infrastructure assets include transportation assets (such as toll roads, bridges, airports and seaports), utility assets (such as generating stations, gas and electric lines, water and sewer facilities, and communications networks) and social assets (such as hospitals, schools, and subsidized housing). The fund will invest 25% or more of its total assets in securities of companies engaged principally in infrastructure-related companies. The fund may invest in companies of any market capitalization.Under normal circumstances, the fund invests mainly in equity securities, though it may also invest in fixed-income securities without limitation. The fund allocates its assets among various regions and countries, including emerging market countries, and normally invests most of its assets in issuers that are organized or located outside the US or that do a substantial amount of business outside the US.Management process. In choosing securities, portfolio management uses a combination of two analytical disciplines:Top-down research. Portfolio management analyzes various factors, including infrastructure market dynamics (such as supply/demand conditions), the economic environment (such as interest rates, inflation and economic growth), expected capital flow dynamics and exchange rate conditions.Bottom-up research. Portfolio management analyzes characteristics and investment prospects of a particular security relative to others in its local market to actively manage the fund’s exposure to individual securities within each region. Disciplined valuation analysis drives this decision-making process, guiding portfolio management to invest in securities it believes can provide superior returns over the long-term, and to sell those that it believes no longer represent the strongest prospects. In addition to valuing the cash flow stream of the underlying assets, this analysis primarily considers a company's balance sheet, the quality and geography of the infrastructure asset, the management team, liquidity, and a number of environmental, social and governance (ESG) considerations, each of which can impact an investment's risks and expected returns. Lastly, portfolio management considers the global infrastructure markets in general when making investment decisions.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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TOLIX - Performance
Return Ranking - Trailing
| Period | TOLIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.9% | -14.5% | 20.8% | 20.65% |
| 1 Yr | 12.7% | -13.9% | 21.8% | 19.57% |
| 3 Yr | 1.7%* | -13.4% | 14.1% | 58.70% |
| 5 Yr | 4.2%* | -3.1% | 18.9% | 48.00% |
| 10 Yr | 3.9%* | 2.3% | 9.2% | 80.85% |
* Annualized
Return Ranking - Calendar
| Period | TOLIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -0.8% | -17.5% | 30.1% | 70.65% |
| 2022 | -16.7% | -28.1% | -3.4% | 85.87% |
| 2021 | 13.2% | -28.7% | 35.7% | 24.14% |
| 2020 | -3.8% | -12.5% | 28.8% | 46.67% |
| 2019 | 26.5% | 9.9% | 33.6% | 21.62% |
Total Return Ranking - Trailing
| Period | TOLIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.9% | -14.5% | 20.8% | 20.65% |
| 1 Yr | 12.7% | -13.9% | 21.8% | 19.57% |
| 3 Yr | 1.7%* | -13.4% | 14.1% | 58.70% |
| 5 Yr | 4.2%* | -3.1% | 18.9% | 48.00% |
| 10 Yr | 3.9%* | 2.3% | 9.2% | 80.85% |
* Annualized
Total Return Ranking - Calendar
| Period | TOLIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 1.5% | -15.6% | 31.0% | 76.09% |
| 2022 | -9.2% | -27.1% | -0.5% | 76.09% |
| 2021 | 20.4% | -3.5% | 36.4% | 5.75% |
| 2020 | -1.9% | -11.2% | 29.9% | 49.33% |
| 2019 | 29.0% | 16.7% | 35.3% | 21.62% |
NAV & Total Return History
TOLIX - Holdings
Concentration Analysis
| TOLIX | Category Low | Category High | TOLIX % Rank | |
|---|---|---|---|---|
| Net Assets | 874 M | 1.83 M | 9.72 B | 10.87% |
| Number of Holdings | 49 | 26 | 233 | 46.74% |
| Net Assets in Top 10 | 455 M | 823 K | 5.61 B | 8.70% |
| Weighting of Top 10 | 51.17% | 8.2% | 62.5% | 21.74% |
Top 10 Holdings
- American Tower Corp 8.12%
- National Grid PLC 7.00%
- PGE Corp 5.29%
- Sempra 5.12%
- Enbridge Inc 5.10%
- Vinci SA 4.55%
- ONEOK Inc 4.34%
- Williams Cos Inc/The 4.06%
- Cellnex Telecom SA 3.90%
- NiSource Inc 3.71%
Asset Allocation
| Weighting | Return Low | Return High | TOLIX % Rank | |
|---|---|---|---|---|
| Stocks | 99.76% | 86.92% | 101.95% | 7.61% |
| Cash | 1.14% | 0.00% | 8.62% | 63.04% |
| Preferred Stocks | 0.00% | 0.00% | 2.81% | 80.43% |
| Other | 0.00% | -0.22% | 2.35% | 70.65% |
| Convertible Bonds | 0.00% | 0.00% | 2.46% | 78.26% |
| Bonds | 0.00% | 0.00% | 6.41% | 79.35% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | TOLIX % Rank | |
|---|---|---|---|---|
| Utilities | 39.92% | 3.71% | 96.19% | 57.61% |
| Energy | 23.81% | 0.00% | 32.46% | 18.48% |
| Real Estate | 18.04% | 0.00% | 23.51% | 16.30% |
| Industrials | 14.72% | 0.00% | 68.24% | 64.13% |
| Communication Services | 3.51% | 0.00% | 27.53% | 32.61% |
| Technology | 0.00% | 0.00% | 25.65% | 88.04% |
| Healthcare | 0.00% | 0.00% | 6.54% | 78.26% |
| Financial Services | 0.00% | 0.00% | 17.28% | 80.43% |
| Consumer Defense | 0.00% | 0.00% | 0.99% | 78.26% |
| Consumer Cyclical | 0.00% | 0.00% | 10.02% | 81.52% |
| Basic Materials | 0.00% | 0.00% | 25.54% | 83.70% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | TOLIX % Rank | |
|---|---|---|---|---|
| US | 58.07% | 1.96% | 99.99% | 31.52% |
| Non US | 41.69% | 0.00% | 97.95% | 61.96% |
TOLIX - Expenses
Operational Fees
| TOLIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.12% | 0.30% | 10.15% | 63.04% |
| Management Fee | 0.90% | 0.30% | 1.00% | 91.30% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.10% | 0.04% | 0.15% | 61.54% |
Sales Fees
| TOLIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 4.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| TOLIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 2.00% | 61.54% |
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.
| TOLIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 44.00% | 13.00% | 128.00% | 30.99% |
TOLIX - Distributions
Dividend Yield Analysis
| TOLIX | Category Low | Category High | TOLIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 5.11% | 0.00% | 5.50% | 48.91% |
Dividend Distribution Analysis
| TOLIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Quarterly | SemiAnnual |
Net Income Ratio Analysis
| TOLIX | Category Low | Category High | TOLIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.62% | -0.39% | 4.38% | 45.45% |
Capital Gain Distribution Analysis
| TOLIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 18, 2024 | $0.192 | OrdinaryDividend |
| Dec 18, 2024 | $0.227 | CapitalGainShortTerm |
| Dec 18, 2024 | $0.614 | CapitalGainLongTerm |
| Sep 23, 2024 | $0.035 | OrdinaryDividend |
| Mar 21, 2024 | $0.080 | OrdinaryDividend |
| Dec 19, 2023 | $0.090 | OrdinaryDividend |
| Sep 22, 2023 | $0.065 | OrdinaryDividend |
| Jun 23, 2023 | $0.140 | OrdinaryDividend |
| Mar 24, 2023 | $0.040 | OrdinaryDividend |
| Dec 19, 2022 | $1.161 | OrdinaryDividend |
| Sep 23, 2022 | $0.050 | OrdinaryDividend |
| Jun 23, 2022 | $0.090 | OrdinaryDividend |
| Mar 24, 2022 | $0.031 | OrdinaryDividend |
| Dec 17, 2021 | $0.093 | OrdinaryDividend |
| Dec 17, 2021 | $0.142 | CapitalGainShortTerm |
| Dec 17, 2021 | $0.409 | CapitalGainLongTerm |
| Sep 23, 2021 | $0.026 | OrdinaryDividend |
| Jun 23, 2021 | $0.070 | OrdinaryDividend |
| Jun 23, 2021 | $0.313 | CapitalGainLongTerm |
| Mar 24, 2021 | $0.034 | OrdinaryDividend |
| Dec 17, 2020 | $0.069 | OrdinaryDividend |
| Sep 23, 2020 | $0.088 | OrdinaryDividend |
| Jun 23, 2020 | $0.028 | OrdinaryDividend |
| Mar 24, 2020 | $0.081 | OrdinaryDividend |
| Dec 18, 2019 | $0.078 | OrdinaryDividend |
| Sep 23, 2019 | $0.078 | OrdinaryDividend |
| Jun 21, 2019 | $0.100 | OrdinaryDividend |
| Mar 22, 2019 | $0.049 | OrdinaryDividend |
| Dec 19, 2018 | $0.090 | OrdinaryDividend |
| Sep 21, 2018 | $0.103 | OrdinaryDividend |
| Jun 22, 2018 | $0.099 | OrdinaryDividend |
| Mar 22, 2018 | $0.042 | OrdinaryDividend |
| Dec 19, 2017 | $0.077 | OrdinaryDividend |
| Sep 22, 2017 | $0.098 | OrdinaryDividend |
| Jun 23, 2017 | $0.093 | OrdinaryDividend |
| Mar 24, 2017 | $0.046 | OrdinaryDividend |
| Dec 19, 2016 | $0.071 | OrdinaryDividend |
| Sep 23, 2016 | $0.015 | OrdinaryDividend |
| Jun 23, 2016 | $0.084 | OrdinaryDividend |
| Mar 23, 2016 | $0.010 | OrdinaryDividend |
| Dec 17, 2015 | $0.100 | OrdinaryDividend |
| Sep 23, 2015 | $0.013 | OrdinaryDividend |
| Jun 23, 2015 | $0.083 | OrdinaryDividend |
| Jun 23, 2015 | $0.023 | CapitalGainLongTerm |
| Mar 24, 2015 | $0.013 | OrdinaryDividend |
| Dec 18, 2014 | $0.098 | OrdinaryDividend |
| Dec 18, 2014 | $0.413 | CapitalGainShortTerm |
| Dec 18, 2014 | $0.253 | CapitalGainLongTerm |
| Sep 23, 2014 | $0.013 | OrdinaryDividend |
| Jun 23, 2014 | $0.090 | OrdinaryDividend |
| Jun 23, 2014 | $0.021 | CapitalGainShortTerm |
| Mar 24, 2014 | $0.006 | OrdinaryDividend |
| Dec 18, 2013 | $0.095 | OrdinaryDividend |
| Dec 18, 2013 | $0.264 | CapitalGainShortTerm |
| Dec 18, 2013 | $0.064 | CapitalGainLongTerm |
| Sep 23, 2013 | $0.011 | OrdinaryDividend |
| Jun 21, 2013 | $0.107 | OrdinaryDividend |
| Jun 21, 2013 | $0.014 | CapitalGainShortTerm |
| Mar 21, 2013 | $0.014 | OrdinaryDividend |
| Dec 19, 2012 | $0.099 | OrdinaryDividend |
| Dec 19, 2012 | $0.102 | CapitalGainShortTerm |
| Dec 19, 2012 | $0.007 | CapitalGainLongTerm |
| Sep 21, 2012 | $0.059 | OrdinaryDividend |
| Jun 22, 2012 | $0.077 | OrdinaryDividend |
| Mar 23, 2012 | $0.032 | OrdinaryDividend |
| Dec 19, 2011 | $0.107 | OrdinaryDividend |
| Dec 19, 2011 | $0.314 | CapitalGainLongTerm |
| Jun 23, 2011 | $0.000 | ExtraDividend |
| Dec 17, 2010 | $0.314 | OrdinaryDividend |
| Dec 18, 2009 | $0.187 | OrdinaryDividend |
| Jun 23, 2009 | $0.029 | ExtraDividend |
| Dec 18, 2008 | $0.042 | OrdinaryDividend |
TOLIX - Fund Manager Analysis
Managers
Francis Greywitt
Start Date
Tenure
Tenure Rank
Jun 24, 2008
13.94
13.9%
Portfolio Manager, Real Estate Securities Francis was a REIT research analyst for nearly 5 years with KeyBanc Capital Markets where he covered the office sector. BBA in Finance from St. Bonaventure University in 2000; MBA in with concentrations in International Business, Economics and Finance from University of Chicago Booth School of Business in 2012
John Vojticek
Start Date
Tenure
Tenure Rank
Jun 24, 2008
13.94
13.9%
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.
Manoj Patel
Start Date
Tenure
Tenure Rank
Apr 29, 2011
11.1
11.1%
Manoj H. Patel is currently a Managing Director and Co-Head of Global Infrastructure Securities, based in Chicago. Mr. Patel has eight years of investment experience prior to joining the firm in 2011. He began his career as an Analyst for Brookfield Investment Management (formerly KG Redding/Brookfield Redding) and was promoted to Vice President in 2006. Most recently, Mr. Patel was a Director and spearheaded the formation of the dedicated listed infrastructure business for Brookfield. He was also responsible for the creation of the Dow Jones Brookfield Global Infrastructure Index series.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.17 | 18.18 | 5.81 | 8.08 |
