DWS RREEF Real Assets Fund
DEUTSCHE DWS MARKET TRUST · 6 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
DWS RREEF Real Assets Fund is an actively managed global equity fund.
- Asset class
- Equity
- Region
- Global
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2025 Q3
The fund seeks total return in excess of inflation through capital growth and current income.
The fund seeks total return above inflation by allocating across real assets sectors—listed real estate, commodities, natural resource equities, listed infrastructure, gold, master limited partnerships, and Treasury Inflation-Protected Securities—using top-down macro views to set sector weights and bottom-up analysis to select individual securities within each sector. Commodity exposure is obtained partly through a wholly-owned Cayman Islands subsidiary that invests mainly in commodity-linked futures contracts and fixed income instruments. The fund may hold up to 25% of assets in the subsidiary and invests 15% to 75% of assets in foreign securities. Because sector allocations are adjusted on an ongoing basis according to portfolio management's macro views, actual holdings will diverge from any fixed benchmark.
| Share class | Gross | Net |
|---|---|---|
| AAAAX | 1.28% | 1.14% |
| AAAPX | 2.01% | 1.89% |
| AAASX | 1.05% | 0.99% |
| AAAZX | 1.00% | 0.90% |
| AAAQX | 1.66% | 1.39% |
| AAAVX | 0.90% | 0.89% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 73.00% · as of 2025 Q3
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 80.18% |
| Cash & short-term | 16.68% |
| Bonds | 5.99% |
| Derivatives | -1.07% |
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| International | 32.5% |
| Real Estate | 22.0% |
| Cash | 16.2% |
| Energy | 10.0% |
| 6 smaller | 19.4% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +21.88% | +36.72% | +38.35% | 10.52% | -8.41% | |
| +20.97% | +33.53% | +33.10% | 10.55% | -8.71% | |
| +22.10% | +37.27% | +39.35% | 10.52% | -8.31% | |
| +22.17% | +37.84% | +40.42% | 10.56% | -8.30% | |
| +21.61% | +35.65% | +36.56% | 10.61% | -8.45% | |
| +22.16% | +37.87% | +40.46% | 10.51% | -8.37% |
These classes hold the same portfolio, so the 7.36pp spread over 5 years is the cost difference between them — roughly 1.47pp a year — not a difference in what they own.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| 1-3y | 34.9% |
| 3-5y | 23.5% |
| 5-10y | 41.5% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | DWS | 4.32% | — | $200.43M | — |
| WMB | The Williams Cos IncWMB | 2.74% | $74.34 | $127.35M | 1.7M |
| PLD | Prologis IncPLD | 2.58% | $135.47 | $119.74M | 883.9K |
| — | United States Treasury | 2.18% | — | $101.21M | — |
| — | United States Treasury | 2.17% | — | $100.90M | — |
| — | United States Treasury | 2.14% | — | $99.21M | — |
| WELL | Welltower IncWELL | 2.13% | $226.97 | $98.95M | 436.0K |
| EQIX | Equinix IncEQIX | 2.04% | $1,042.39 | $94.63M | 90.8K |
| AMT | American Tower CorpAMT | 1.96% | $163.57 | $90.97M | 556.2K |
| TRP | TC Energy CorpTRP | 1.95% | $66.22 | $90.62M | 1.4M |
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.
Top 10 positions are 24.21% of net assets, top 25 46.30%, across 146 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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