Fund Evaluator:
DWS RREEF Global Real Estate Secc A (RRGAX)
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Best Performing in Global Real Estate Over the Last Year
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Fund Details
DWS RREEF Global Real Estate Secc A Overview
DWS RREEF Global Real Estate Secc A (RRGAX) is an actively managed Sector Equity Global Real Estate fund. DWS Americas launched the fund in 2006.
The investment seeks total return. The fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity and debt securities issued by real estate companies, such as real estate investment trusts (REITs), REIT-like structures or real estate operating companies. It may invest without limitation in securities of companies engaged principally in the real estate industry. The fund may also invest a portion of its assets in other types of securities.
About DWS RREEF Global Real Estate Secc A (RRGAX)
There are 5 members of the management team with an average tenure of 12.25 years: Chris Robinson (2012), David Zonavetch (2013), Barry McConnell (2021), John Vojticek (2006), Robert Thomas (2017). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: MSCI World NR USD index with a weighting of 100% and FTSE EPRA Nareit Developed NR USD index with a weighting of 100%. DWS RREEF Global Real Estate Secc A has 93 securities in its portfolio. The top 10 holdings constitute 40.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
DWS RREEF Global Real Estate Secc A is part of the Equity global asset class and is within the Sector Equity fund group. DWS RREEF Global Real Estate Secc A has 34.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 64.9%. There is 34.4% 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 RREEF Global Real Estate Secc A has 0.7% of the portfolio in cash.
Assets Under Management
The fund has $10 million in total assets, which is below the $209 million average for the Global Real Estate 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.
RRGAX 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 RREEF Global Real Estate Secc A expense ratio is high compared to funds in the Global Real Estate category. DWS RREEF Global Real Estate Secc A has an expense ratio of 1.05%, which is 9% lower than its category average, making the fund expense ratio grade a C. 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 RREEF Global Real Estate Secc A has a portfolio turnover rate of 87%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 71% for the Global Real Estate category.
Recently, in the month of July 2026, DWS RREEF Global Real Estate Secc A returned 2.3%, which earned it a grade of D, as the Global Real Estate category had an average return of 2.5%. 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 RREEF Global Real Estate Secc A has a trailing yield of 2.51%, which is below the 2.74% category average. The fund normally distributes its income semi-annually and its capital gains semi-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 RREEF Global Real Estate Secc A Grades
Year to date, the fund has returned 12.8%, 1.8 percentage points better than the category, which translates into a grade of C. The fund has returned 18.2% over the past year (grade of B), 9.8% over the past three years (grade of B) and 1.8% per year over the past five years (grade of C) and 4.3% per year over the past 10 years (grade of C).
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RRGAX 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 |
|
| RRGAX Return (NAV) | 2.3% | 2.2% | 18.2% | 9.8% | 1.8% | 4.3% |
| RRGAX Grade | D | C | B | B | C | C |
| +/- Category | -0.3% | 0.1% | 2.8% | 1.3% | 0.8% | 0.1% |
| Global Real Estate Avg | 2.5% | 2.1% | 15.4% | 8.5% | 0.9% | 4.1% |
| RRGAX Tax Cost Ratio | na | na | 1.0% | 1.0% | 1.4% | 2.1% |
RRGAX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| RRGAX Return (NAV) | 12.8% | 8.4% | 2.8% | 10.9% | -26.7% | 30.1% | -4.4% | 24.5% | -4.4% | 11.3% | 3.0% |
| RRGAX Grade | C | C | B | C | D | A | D | C | B | D | C |
| +/- Category | 1.8% | -1.0% | 2.1% | 0.5% | -0.9% | 5.5% | -2.8% | -1.0% | 1.4% | -2.5% | -0.0% |
| Global Real Estate Avg | 11.0% | 9.4% | 0.6% | 10.4% | -25.9% | 24.6% | -1.7% | 25.5% | -5.8% | 13.9% | 3.1% |
| Risk Measures | |
| Standard Deviation: | 15.5% |
| Total Risk Index: | 1.26 - Above Average |
| Category Risk Index: | 0.96 - Low |
| Category Risk Grade: | A (16% Rank) |
| Beta: | 0.94 |
| R-Squared: | 58% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 2.5% |
| Dividend Distribution: | Semi-Annually |
| Cap Gains Distribution: | Semi-Annually |
| Total Assets: | $212 Mil |
| Fund Total Assets: | $ 10 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 87% |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 19.7 years | |||
| Average Tenure: 12.2 years | |||
| Managers (Year): Vojticek John (2006), Robinson Chris (2012), Zonavetch David (2013), Thomas Robert (2017), McConnell Barry (2021) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 93 |
| % in Top 10 Holdings: | 40.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 34.4% |
Portfolio Allocation |
|
| Domestic Stock: | 64.9% |
| Foreign Stock: | 34.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.7% |
Purchase Information
| Fund Family: | DWS Americas |
| Phone Number: | 800-728-3337 |
| Website: | www.dws-investments.com |
| Status: | Open |
| Inception Date: | July 3, 2006 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 500 |
| True No-Load: | No |
| Front Load Maximum: | 5.75% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.05% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.15% |
| Share Class: | DWS RREEF Global Real Estate Secc Inst |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 50 |
