Morningstar

DWS RREEF Real Assets Fund - Class S AAASX

Morningstar Medalist Rating
Medalist Rating as of | See DWS Investment Hub
  • NAV / 1-Day Return 13.79  /  +0.22 %
  • Total Assets 4.8B
  • Adj. Expense Ratio
    0.990%
  • Expense Ratio 1.020%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Global Moderately Aggressive Allocation
  • Investment Style Mid Value
  • Credit Quality / Interest Rate Sensitivity —
  • Status Open
  • TTM Yield 3.18%
  • Turnover 73%

USD | NAV as of Jun 10, 2026 | 1-Day Return as of Jun 10, 2026, 2:34 AM GMT+0

Morningstar’s Analysis AAASX

Will AAASX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AAASX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the AAASX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of AAASX’s parent organization’s priorities and whether they’re in line with investors’ interests.

This strategy is supported by a broad, dedicated group, but recent markets have challenged the approach.

Analyst Vedran Beogradlija

Vedran Beogradlija

Analyst

Summary

DWS RREEF Real Assets is a high-touch attempt to deliver inflation-sensitive returns. Though considerable resources back the strategy, recent market conditions have upset the otherwise consistent and systematic approach. The team continues to fine-tune the components driving the model at the heart of the strategy, but outcomes are less reliable than in the fund’s past, warranting a downgrade of the Process Pillar to Average from Above Average.

by Vedran Beogradlija
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings AAASX

More AAASX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 18.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Williams Companies Inc

2.73 129M
Energy

Prologis Inc

2.13 101M
Real Estate

American Tower Corp

1.92 91M
Real Estate

United States Treasury Bills 3.7435%

1.85 87M
Government

TC Energy Corp

1.79 85M
Energy

Equinix Inc

1.75 82M
Real Estate

National Grid PLC

1.73 82M
Utilities

United States Treasury Bills 3.6846%

1.69 80M
Government

United States Treasury Bills 3.6862%

1.69 80M
Government

Welltower Inc

1.60 75M
Real Estate

Sponsor Center