DWS Global Small Cap Fund - Class S · NASDAQ:SGSCX
DWS Global Small Cap Fund - Class S — DWS — DWS Directions 2024 (D24)
10 slides from DWS Global Small Cap Fund - Class S's conference presentation, May 28, 2019
Slide 1: Systematic Equity
SYSTEMATIC EQUITY Pankaj Bhatnagar Francesco Curto Arne Noack Head of Core Equity and Head of CROCI Investment Strategy Exchange Traded Co-Head of Systematic and and Valuation Group Product Development for the U.S. Quantitative Strategies Moderator: David Bianco Americas CIO and Head of U.S. Active
Slide 2: Our U.S. Active Equity Platform
OUR U.S. ACTIVE EQUITY PLATFORM TEAM Tactical AUM IPs F o c u s 19 G r o w t h 25% $17.65bn 36% Avg. industry experience Discretionary 16 yrs Systematic Institutional Va l u e 39% C o r e Source: DWS as of 3/31/19. For institutional use and registered representative use only. Not for public viewing
Slide 3: Core Equity Fund
CORE EQUITY FUND Two critical components to the investment process STOCK SELECTION: ALPHA DRIVER PORTFOLIO CONSTRUCTION: MANAGE RISK 1 2 ► Intuitive: Factors make fundamental sense Portfolio optimization process seeks to ► 35 Industry models maximize alpha based on specific risk ► 12-month time hori
Slide 4: Core Equity Fund Investment Process
CORE EQUITY FUND Investment process SYSTEMATIC, RISK-MANAGED INVESTMENT PROCESS FOCUSED ON STOCK SELECTION 1 2 3 4 35 industry Models Portfolio Portfolios are models based forecast alpha optimized with rebalanced on over 200 for each stock tight risk monthly factors in universe constraints 90-100 st
Slide 5: CROCI
CROCI A systematic active value approach proprietary to DWS ► Proprietary to DWS ► Established in 1996 ► Provides a different exposure to value _ Active process of deep due diligence _ Systematic approach to portfolio construction WHAT YOU SEE IS NOT WHAT YOU MAY GET ► Investors buy a piece of a com
Slide 6: Factor Scoring & Index Weighting
FACTOR SCORING & INDEX WEIGHTING Process at a glance STARTING UNIVERSE FTSE RUSSELL BENCHMARK INDEX 1 _ Application of factor scores _ Method: Simple Value score Cash-flow yield & earnings yield & sales-to-price x multiplication of factor scores weight Quality score Company profitability & leverage
Slide 7: Industry Weights
INDUSTRY WEIGHTS Relative to benchmark index U.S. LARGE CAP: INDEX VS. BENCHMARK U.S. SMALL CAP: INDEX VS. BENCHMARK 30% 40% 25% 30% 20% 15% 20% 10% 10% 5% 0% 0% Russell 1000 Comprehensive Factor Index Russell 1000 Index Russell 2000 Comprehensive Factor Index Russell 2000 Index DEVELOPED EX U.S.: I
Slide 8: Implementation
IMPLEMENTATION Systematic offerings RISK-MANAGED ALPHA: DWS Core Equity Fund SUWIX CROCI PROCESS: DWS CROCI Equity Dividend Fund KDHIX DWS CROCI US Fund DCUIX DWS CROCI International Fund SUIIX MULTI-FACTOR ETFS: Xtrackers Russell 1000 Comprehensive Factor ETF DEUS Xtrackers Russell 1000 US QARP ETF
Slide 9: Important Information
IMPORTANT INFORMATION Xtrackers ETFs (“ETFs”) are managed by DBX Advisors LLC (the “Adviser”), and distributed by ALPS Distributors, Inc. (“ALPS”). The Adviser is a subsidiary of DWS Group GmbH & Co. KGaA, and is not affiliated with ALPS. Risk information: Investing involves risk, including possible
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