Fund Evaluator:

DWS Core Equity A Overview

DWS Core Equity A (SUWAX) is an actively managed U.S. Equity Large Blend fund. DWS launched the fund in 1999.

The investment seeks long-term growth of capital, current income and growth of income. Under normal circumstances, the fund invests at least 80% of total assets, determined at the time of purchase, in equities, mainly common stocks. Although the fund can invest in companies of any size and from any country, it invests primarily in large U.S. companies.

About DWS Core Equity A (SUWAX)

There are 3 members of the management team with an average tenure of 8.41 years: Di Kumble (2016), Pankaj Bhatnagar (2013), Hiten Shah (2024). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: Russell 1000 TR USD index with a weighting of 100%. DWS Core Equity A has 97 securities in its portfolio. The top 10 holdings constitute 48.5% 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 Core Equity A is part of the Equity global asset class and is within the U.S. Equity fund group. DWS Core Equity A has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.4%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.1% (0.1% domestic bond, 0.0% foreign bond and 0.0% convertible bond). DWS Core Equity A has 0.5% of the portfolio in cash.

Assets Under Management

The fund has $479 million in total assets, which is below the $6 billion average for the Large Blend 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.

SUWAX 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 Core Equity A expense ratio is high compared to funds in the Large Blend category. DWS Core Equity A has an expense ratio of 0.82%, which is 1% higher 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 Core Equity A has a portfolio turnover rate of 27%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.

Recently, in the month of July 2026, DWS Core Equity A returned 1.9%, which earned it a grade of A, as the Large Blend category had an average return of 0.4%. 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 Core Equity A has a trailing yield of 0.36%, which is below the 0.56% category average. The fund normally distributes its income quarterly 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 Core Equity A Grades

Year to date, the fund has returned 11.0%, 1.7 percentage points better than the category, which translates into a grade of B. The fund has returned 20.4% over the past year (grade of B), 17.7% over the past three years (grade of C) and 11.7% per year over the past five years (grade of C) and 13.9% per year over the past 10 years (grade of C).

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