DWS, a leading European asset manager with global reach, today announced fee reductions on more than $3 billion of mutual fund assets. DWS has lowered expense ratios for five funds across the firm’s Americas Fixed Income and Alternatives platforms, which could potentially save investors more than $2 million in fees annually over time. 1 The fee reductions are effective as of April 21.
The Fixed Income and Alternatives platforms are core competencies for DWS Americas. The firm’s U.S. Fixed Income business manages more than $150 billion AUM and was recently ranked the #3 taxable fixed income platform globally by Barron’s.2 DWS’s Alternatives platform, with more than $128 billion in AUM, includes Lipper Award winning strategies 3 and offers investors access to a broad range of diversified solutions across liquid, semiliquid and illiquid structures.
“For the past 70 years, DWS has been committed to putting our investors first and ensuring that our platforms remain compelling from both an affordability and total return perspective,” said Hepsen Uzcan, Chief Executive Officer of DWS Americas. “Today’s fee reductions could provide our clients with even more competitive pricing – keeping more money in their pockets.”
DWS manages more than $1 trillion globally on behalf of institutional and retail investors. The firm offers a broad spectrum of compelling active solutions including municipal bond funds which have historically generated attractive tax equivalent yields, and Real Assets funds offering alternative returns in liquid wrappers. Today, more than half of DWS’s traditional open-end mutual funds and nearly two thirds of four-and-five star share class offerings are priced at or below the median of their peer group. 4
A full list of funds receiving fee reductions can be found here.
1 Actual savings will vary based on asset levels and individual investor holdings.
2 Source: Barron’s, February 26, 2026. Ranking is based on an assessment of each fund’s performance for the full year 2025 measured against all the other funds in its LSEG Lipper category, with a percentile ranking of 100 being the highest and one the lowest. Methodology information is available from Barron’s upon request. Barron’s did not receive compensation for this ranking.
3 Source: London Stock Exchange Group (“LSEG”), January 25, 2025. The LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The LSEG Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is an objective, quantitative, risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the LSEG Lipper Fund Award. For full methodology, please visit here.
4 Source: Morningstar. Morningstar ratings compare funds within a peer group and reflect historical performance through March 2026. Results are historical and do not guarantee future results. Ratings are based on risk-adjusted returns. Overall Morningstar Rating for Morningstar categories where we have a four or five star rating across all share class excluding money funds, VIPs and CE funds where MSTAR does not provide a rating. Category (#funds) as follows: Large Blend (380), High Yield Bond, (147), Global Moderately Conservative Allocation (57), Macro Trading (13), Global Small/Mid Stock (48), High Yield Bond(147), Muni National Intermediate (85), Latin America Stock(2), Muni National Long (45), Muni Massachusetts (12), Conservative Allocation (30), Global Real Estate (37), Large Blend (380), Technology (46), Short-Term Bond (133) Muni National Short (62).
Awards and ratings do not guarantee future performance, and individual investor results may differ.
About DWS Group
DWS Group (DWS), with EUR 1,085bn of total assets under management (as of 31 December 2025), is a leading European asset manager with global reach. With approximately 5,000 employees in offices around the world, DWS offers individuals, institutions and large corporations access to comprehensive investment solutions and bespoke portfolios across the full spectrum of investment disciplines. Its diverse expertise in Active, Passive and Alternative asset management enables DWS to deliver targeted solutions for clients across all major liquid and illiquid asset classes. www.dws.com
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The brand DWS represents DWS Group GmbH & Co. KGaA and any of its subsidiaries such as DWS Distributors, Inc., which offers investment products, or DWS Investment Management Americas, Inc. and RREEF America L.L.C., which offer advisory services.
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109875-2 (04/27)
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