- CEO
- Vladimir Lavrov
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Boston, MA 02110 New York NY United States of America 10022
- IPO Date
- Jan 2, 1980
- Business
- DWS Science and Technology Fund - Class A (KTCAX) is an open-end mutual fund that seeks long-term capital growth by investing at least 80% of its net assets, plus any borrowings for investment purposes, in common stocks of U.S. companies engaged in the science and technology sector; these companies must commit at least half of their assets or derive at least half of their revenues or net income from technology-related activities, including semiconductors, software, internet services, networking, and communication services. The fund may allocate up to 35% of net assets to foreign securities, including those from emerging markets, with current portfolio allocations showing approximately 92% in U.S. stocks, 4% in non-U.S. stocks, and the remainder in cash; top holdings as of recent data include Microsoft Corp. (10.19%), NVIDIA Corp. (9.51%), Meta Platforms Inc. (8.93%), Apple Inc. (5.86%), and Broadcom Inc. (5.75%), representing about 40% of the portfolio concentrated in large-cap growth technology equities. It operates within the technology sector category, targeting investors seeking exposure to innovation-driven companies, with a net expense ratio of 0.88%, a front-end load of 5.75%, a minimum initial investment of $1,000, and total net assets of approximately $1.94 billion.
Managed by DWS Group, headquartered at 875 Third Avenue, New York, NY, with parent operations in Frankfurt, Germany, the fund traces its inception to September 7, 1948, and is led by portfolio managers Daniel Fletcher and Sebastian Werner, both since December 1, 2017. DWS Group, founded in 1956 as Deutsche Gesellschaft für Wertpapiersparen mbH and rebranded over time, provides asset management services globally across the United States, Europe, Asia, and other regions, focusing on equities, fixed income, alternatives, and sustainable investments.
In recent developments, the fund has sustained strong performance amid AI-driven market enthusiasm and surging semiconductor sales, posting a one-year total return of 20.17% and a five-year annualized return of 18.27% as of late 2025, bolstered by significant stakes in AI leaders like NVIDIA, Microsoft, Apple, Meta Platforms, and Alphabet. It distributed a substantial annual dividend of $3.9863 per share on December 13, 2024, reflecting a trailing twelve-month yield of 10.87%. The prospectus was updated effective March 1, 2025, incorporating standard regulatory supplements without structural changes, while the fund maintains a portfolio turnover of 27-36% and continues to emphasize diversified technology innovation exposure.