Fund Evaluator:
DWS Digital Horizons Inst (COMZX)
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Best Performing in Technology Over the Last Year
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Fund Details
DWS Digital Horizons Inst Overview
DWS Digital Horizons Inst (COMZX) is an actively managed Sector Equity Technology fund. DWS launched the fund in 1998.
The investment seeks to maximize total return. The fund invests at least 80% of net assets, plus the amount of any borrowings for investment purposes in common stock of digital companies. The fund concentrates its investments (i.e. invests at least 25% of its net assets) in industries in each of the information technology and communication services sectors. The fund may invest in companies of any size and may invest in initial public offerings. It is non-diversified.
About DWS Digital Horizons Inst (COMZX)
There are 2 members of the management team with an average tenure of 8.67 years: Daniel Fletcher (2017), Sebastian Werner (2017). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Russell 3000 Growth TR USD index with a weighting of 100%. DWS Digital Horizons Inst has 72 securities in its portfolio. The top 10 holdings constitute 53.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
DWS Digital Horizons Inst is part of the Equity global asset class and is within the Sector Equity fund group. DWS Digital Horizons Inst has 7.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 91.5%. There is 7.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). DWS Digital Horizons Inst has 1.4% of the portfolio in cash.
Assets Under Management
The fund has $9 million in total assets, which is below the $1 billion average for the Technology category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
COMZX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The DWS Digital Horizons Inst expense ratio is high compared to funds in the Technology category. DWS Digital Horizons Inst has an expense ratio of 0.95%, which is 23% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. DWS Digital Horizons Inst has a portfolio turnover rate of 90%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 78% for the Technology category.
Recently, in the month of July 2026, DWS Digital Horizons Inst returned -4.7%, which earned it a grade of A, as the Technology category had an average return of -8.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
DWS Digital Horizons Inst has a trailing yield of 0.00%, which is below the 0.05% category average. The fund normally distributes its income none and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
DWS Digital Horizons Inst Grades
Year to date, the fund has returned -1.5%, 22.8 percentage points worse than the category, which translates into a grade of F. The fund has returned -2.1% over the past year (grade of F), 18.1% over the past three years (grade of F) and 4.7% per year over the past five years (grade of F) and 8.7% per year over the past 10 years (grade of F).
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COMZX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| COMZX Return (NAV) | -4.7% | -0.0% | -2.1% | 18.1% | 4.7% | 8.7% |
| COMZX Grade | A | F | F | F | F | F |
| +/- Category | 3.9% | -6.8% | -36.7% | -8.8% | -8.0% | -12.1% |
| Technology Avg | -8.6% | 6.8% | 34.7% | 26.9% | 12.7% | 20.8% |
| COMZX Tax Cost Ratio | na | na | 0.4% | 3.0% | 2.3% | 2.0% |
COMZX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| COMZX Return (NAV) | -1.5% | 17.4% | 35.2% | 41.3% | -39.6% | 10.6% | 26.2% | 26.4% | -10.4% | 8.6% | 10.2% |
| COMZX Grade | F | F | B | D | D | D | F | F | F | F | C |
| +/- Category | -22.8% | -7.3% | 6.9% | -8.3% | -1.4% | -6.6% | -30.7% | -14.9% | -6.5% | -28.8% | -0.6% |
| Technology Avg | 21.4% | 24.7% | 28.3% | 49.6% | -38.2% | 17.2% | 56.9% | 41.2% | -3.9% | 37.4% | 10.8% |
| Risk Measures | |
| Standard Deviation: | 18.9% |
| Total Risk Index: | 1.54 - High |
| Category Risk Index: | 0.75 - Low |
| Category Risk Grade: | A (10% Rank) |
| Beta: | 1.18 |
| R-Squared: | 63% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | None |
| Cap Gains Distribution: | Annually |
| Total Assets: | $89 Mil |
| Fund Total Assets: | $ 10 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 90% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 8.7 years | |||
| Average Tenure: 8.7 years | |||
| Managers (Year): Fletcher Daniel (2017), Werner Sebastian (2017) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 72 |
| % in Top 10 Holdings: | 53.1% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 7.2% |
Portfolio Allocation |
|
| Domestic Stock: | 91.5% |
| Foreign Stock: | 7.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.4% |
Purchase Information
| Fund Family: | DWS |
| Phone Number: | 800-728-3337 |
| Website: | www.dws-investments.com |
| Status: | Open |
| Inception Date: | June 4, 1998 |
| Min. Initial Purchase: | $1,000,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.95% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.23% |
| Share Class: | DWS Digital Horizons A |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
