International Stock Fund
The investment objective of DWS Latin America Equity Fund (SLANX) is to seek long-term capital appreciation. This mutual fund utilizes its assets to purchase Latin American common stocks and other equities. It may invest up to 20% of net assets in the equity securities of US and other non-Latin American issuers and in debt securities including junk bonds (grade BB/Ba and below). The fund may also invest as much as 10% of net assets in securities rated B or lower. It is non-diversified.Fund Profile
- Fund Inception Date: May 28, 2001
- Ticker Symbol: SLANX
- CUSIP: 23337R775
- Beta (3yr): 1.09
- Rank in category (YTD): N/A
- Category: Latin America Stock
- Distribution: 1.13%
- Capital Gains: 0%
- Expense Ratio: 1.70%
- Net Assets: $ 429.2 million
- Number of Years Up: 8 years
- Number of Years Down: 3 years
- Annual Turnover Rate: 163%
The portfolio managers of this fund are Luiz Ribeiro, Thomas U. Petschnigg and Danilo Pereira. The fund has total net assets of $429.2 million. It shares 1.13% dividend yield and is distributed annually. The annual expense ratio is 1.70%. The average ratio in the category is 1.87%. The fund also uses Large Growth investment style.
More: Top Latin America Stock Mutual Funds 2013
Morningstar analysts rank this fund with 2-stars rating. Since the fund was incepted in 2001, it has recorded 8 years of positive return and 3 years of negative return. The best 1-year total return was in 2009 with 92.20%. Based on the load adjusted returns, the fund’s performance is as below:
- 1-year: -9.49%
- 3-year: -3.00%
- 5-year: -9.01%
- 10-year: 13.69%
Other classes of this fund are Class B (SLAOX), Class C (SLAPX) and Class S (SLAFX). The fund requires minimum initial investment of $1,000 for brokerage account and $500 for retirement (IRA) account. The minimum subsequent investment needed is $50. There is a 0.25% of 12b1 fee and 5.75% of front-end sales load fee. The fund can be purchased from 115 brokerages.The largest equity holdings as of June 2013 are BRF-Brasil Foods (9.7%), Fomento Economico Mexicano (7.9%), BB Seguridade Participacoes (5.6%) and Banco Bradesco (5.6%). The ten largest holdings represent 53.6% of the total portfolio. The top sectors are Consumer Staples (34%) and Financials (27%).
The main risks for investing in this DWS Latin America Equity Fund are stock market risk, foreign investment risk, regional focus risk, emerging markets risk, non-diversification risk, growth investing risk, pricing risk, interest rate risk, counterparty risk, liquidity risk, prepayment and extension risk, derivatives risk, security selection risk and credit risk.
Disclosure: No Position
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