DWS Core Equity Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, DWS Core Equity Fund held 98 positions with $4.89B in net assets. Its ten largest holdings made up 46.4% of the fund. The SUWAX share class costs 0.82% a year. Over the 12 months to May 2026, SUWAX returned 31.6%, with dividends reinvested. In 2026 Q2 it added 10 new positions and exited 9.
The fund seeks long-term growth of capital, current income and growth of income.
The fund uses proprietary quantitative models to select large US companies, screening for fundamental factors including valuation, momentum, profitability, and earnings and sales growth, with model weights that vary by industry. The fund may employ total return swaps on custom baskets of long and short positions, put options, and other derivatives to enhance returns or hedge risk. Because the fund's portfolio is constructed to maintain a risk profile similar to its benchmark index rather than to replicate it, performance may diverge from the benchmark.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
AAPLApple Inc | 8.59% | $420.01M | 1.5M | $289.36 |
NVDANVIDIA Corp | 6.40% | $312.68M | 1.6M | $200.09 |
MSFTMicrosoft Corp | 5.91% | $288.81M | 774.2K | $373.02 |
GOOGAlphabet Inc | 5.88% | $287.13M | 812.6K | $353.33 |
4.56% | $222.65M | 192.9K | $1,154.29 | |
AMZNAmazon.com Inc | 4.43% | $216.48M | 908.3K | $238.34 |
3.43% | $167.62M | 288.5K | $580.91 | |
2.95% | $144.38M | 441.1K | $327.33 | |
AVGOBroadcom Inc | 2.18% | $106.70M | 282.5K | $377.75 |
ABBVAbbVie Inc | 2.05% | $100.35M | 398.8K | $251.64 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 98 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 98.30% |
| Cash & short-term | 2.14% |
| Derivatives | 0.05% |
Derivatives are shown at market value, not notional exposure.
By sector
- Information Technology
- 37.3%
- Financials
- 11.7%
- Consumer Discretionary
- 10.1%
- Industrials
- 9.2%
- 10 other sectors
- 31.8%
- Information Technology
- 37.3%
- Financials
- 11.7%
- Consumer Discretionary
- 10.1%
- Industrials
- 9.2%
- Communication Services
- 8.8%
- Health Care
- 8.0%
- Consumer Staples
- 4.2%
- Energy
- 3.1%
- Cash
- 2.1%
- Utilities
- 1.8%
- Materials
- 1.7%
- Real Estate
- 1.7%
- International
- 0.4%
- Other
- 0.0%
How it has done
SUWAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 13.58%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 6 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.82% | +31.56% | +81.88% | +83.66% | -10.62% | |
| 1.60% | +30.58% | +77.69% | +76.66% | -10.93% | |
| — | — | — | — | — | |
| 0.55% | +31.95% | +83.32% | +86.11% | -10.52% | |
| 0.58% | +31.91% | +83.32% | +86.02% | -10.53% | |
| 0.49% | +32.03% | +83.72% | +86.77% | -10.47% |
Fees & fund details
DWS Core Equity Fund is an actively managed U.S. equity fund. 19% of SUWAX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 100% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.49% – 1.60%· SUWAX 0.82%
- Portfolio turnover
- 27.00% a year · as of 2026 Q1
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
10 new· the largest 8
9 exited· the largest 8
Understand how this fund fits with the rest.
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