Morningstar

DWS Multi-Asset Conservative Allocation Fund - Class S SPBAX

Morningstar Medalist Rating
Medalist Rating as of | See DWS Investment Hub
  • NAV / 1-Day Return 12.95  /  +0.23 %
  • Total Assets 57.4M
  • Adj. Expense Ratio
    0.720%
  • Expense Ratio 0.500%
  • Distribution Fee Level Average
  • Share Class Type No Load
  • Category Conservative Allocation
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Status Open
  • TTM Yield 3.12%
  • Turnover 92%

USD | NAV as of Jul 16, 2026 | 1-Day Return as of Jul 16, 2026, 2:31 AM GMT+0

Morningstar’s Analysis SPBAX

Will SPBAX 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 SPBAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the SPBAX 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 SPBAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

DWS Multi-Asset Conservative Allc S holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings SPBAX

More SPBAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 83.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

iShares GNMA Bond ETF

15.62 9M
—

iShares iBoxx $ Invmt Grade Corp Bd ETF

13.90 8M
—

DWS Equity 500 Index Inst

12.58 7M
—

iShares US Treasury Bond ETF

9.77 6M
—

DWS High Income Inst

9.77 6M
—

iShares JP Morgan USD Em Mkts Bd ETF

7.40 4M
—

Vanguard Total International Bond ETF

5.50 3M
—

Vanguard Interm-Term Corp Bd ETF

3.48 2M
—

Vanguard S&P 500 ETF

3.08 2M
—

Dws Central Cash Management Government Fund

2.98 2M
Cash and Equivalents

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