DWS Concept Kaldemorgen LC

LU0599946893UCITS FundEURAccumulatingFigures as of August 31, 2026
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Balanced Allocation (44% equity)
RiskMediumConcentrationDiversifiedRegionGlobalEquity share44%

DWS Concept Kaldemorgen LC is a balanced allocation (44% equity) ucits fund from DWS with a total expense ratio of 1.58% and a risk indicator of 3 on the 1–7 scale. Its ten largest positions weigh 18.7% of the portfolio, which FundFacts classifies as diversified. Regional focus: Global.

Key facts

TER1.58%
Fund sizeEUR 15,895.49m
InceptionMay 2, 2011
Asset classMulti-asset

Risk indicator (SRRI)

1
2
3
4
5
6
7
Lower risk · lower rewardHigher risk · higher reward
Volatility 3y5.4%
Sharpe 3y0.46
Max drawdown-4.7%

Investment objective

DWS Concept Kaldemorgen* is a multi-asset fund without a benchmark with a moderate risk profile (five-year rolling volatility approx. 4%–8%; no guarantee). The objective is to optimize the yield per risk unit by investing in equities, bonds, currency, gold and other suitable assets. Team-based risk management is an integral part of the investment process. Derivates are used for hedging/investment purposes. The Fund is actively managed.

Fund details

ISINLU0599946893
Fund houseDWS
StructureUCITS Fund
Share classLC
Share class currencyEUR
Distribution policyAccumulating
DomicileLuxembourg
Launch dateMay 2, 2011
SFDR classificationArticle 8
Asset classMulti-asset
Fund sizeEUR 15,895.49m
Equity / bond split44 / 34
Average credit ratingAA

Fees and costs

Total expense ratio (TER)1.58%
Ongoing charges1.58%
Transaction costs0.09%
Entry charge5.00%
Exit charge0.00%
Performance fee0.53%
Reduction in yield, 1 year7.20%
Reduction in yield, holding period3.50%
Recommended holding period4 years

Growth of 100 since inception

951001051102022202320242025
Fund112
2021-12 → 2025-12 · rebased to 100
Computed from the NAV history the issuer publishes, monthly observations, rebased to 100 at the first point.

Calendar-year returns

−4.8%2022+5.7%2023+5.3%2024+5.7%2025

Annualised returns

PeriodFund
1 Year+4.71%
3 Years p.a.+5.46%
5 Years p.a.+3.42%
10 Years p.a.+3.54%
Since Inception+4.22%

Largest sectors

  1. Financials8.7%
  2. Information Technology8.5%
  3. Health Care7.1%
  4. Industrials6.6%
  5. Communication Services3.8%
  6. Consumer Discretionary3.6%
  7. Utilities3.0%
  8. Consumer Staples1.0%
  9. Materials0.9%
  10. Real Estate0.5%

Largest countries

  1. USA15.2%
  2. Germany7.8%
  3. France6.8%
  4. Netherlands4.1%
  5. Switzerland2.6%
  6. Ireland2.6%
  7. Japan1.5%
  8. Taiwan1.3%
  9. Italy0.5%
  10. Canada0.5%

Concentration

Top 10 weight 18.7% — diversified
  1. 01Microsoft Corp2.60%
  2. 02Amazon.com Inc2.30%
  3. 03AXA SA2.20%
  4. 04Alphabet Inc2.10%
  5. 05Allianz SE2.00%
  6. 06E.ON SE1.90%
  7. 07Roche Holding1.60%
  8. 08Airbus SE1.40%
  9. 09ING Group NV1.30%
  10. 10Taiwan Semiconductor Manufacturing Co Ltd1.30%
Full holdings (—) in the API payload.

Frequently asked questions

What is the TER of DWS Concept Kaldemorgen LC?

The total expense ratio (TER) of DWS Concept Kaldemorgen LC (LU0599946893) is 1.58% per year.

How risky is DWS Concept Kaldemorgen LC?

DWS Concept Kaldemorgen LC has a risk indicator (SRRI) of 3 on a scale from 1 (lower risk) to 7 (higher risk), which FundFacts places in the medium risk band. Its 3-year volatility is 5.4%. Its maximum drawdown is -4.7%.

What are the top holdings of DWS Concept Kaldemorgen LC?

The largest positions of DWS Concept Kaldemorgen LC as of August 31, 2026 are Microsoft Corp (2.60%), Amazon.com Inc (2.30%), AXA SA (2.20%), Alphabet Inc (2.10%) and Allianz SE (2.00%). Its ten largest holdings make up 18.7% of the portfolio.

What does DWS Concept Kaldemorgen LC invest in?

DWS Concept Kaldemorgen LC is a balanced allocation (44% equity) ucits fund. Its largest exposures as of August 31, 2026 are by country, USA 15.2%, Germany 7.8% and France 6.8%; by sector, Financials 8.7%, Information Technology 8.5% and Health Care 7.1%.

How has DWS Concept Kaldemorgen LC performed?

DWS Concept Kaldemorgen LC returned +4.71% over one year, +3.42% a year over five years and +5.7% in calendar year 2025 as of August 31, 2026, according to the NAV history DWS publishes. Past performance does not predict future returns.

Is DWS Concept Kaldemorgen LC accumulating or distributing?

DWS Concept Kaldemorgen LC is an accumulating share class: income from its holdings is reinvested in the fund rather than paid out.

Where is DWS Concept Kaldemorgen LC domiciled and what is its SFDR classification?

DWS Concept Kaldemorgen LC is domiciled in Luxembourg (ISIN LU0599946893). It is classified under Article 8 of the EU Sustainable Finance Disclosure Regulation (SFDR).

Where does this data about DWS Concept Kaldemorgen LC come from?

FundFacts reads it from the documents DWS publishes for this share class — product page, factsheet, key information document and, where available, holdings and NAV files — and refreshes it every 24 hours. The same factsheet is available as JSON from the FundFacts API.

Glossary

TERRisk indicator (SRRI)Max drawdownSharpe 3yReplicationSFDR classificationHow to get an ETF's holdingsHow to get a fund's TER

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Figures are read from the documents DWS publishes for this share class (product page, factsheet, key information document and, where available, holdings and NAV files), as of August 31, 2026. The category, risk band, concentration and tilt labels are the FundFacts profile (fundfacts-profile/3), derived from those figures with fixed, published rules. FundFacts API is independent and not affiliated with, sponsored or endorsed by DWS; fund names are used to identify the product only. Nothing on this page is investment advice.