DWS S&P 500 Index Fund - Class A
SXPAX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 875 Third Avenue New York NY United States of America 10022-6225
- IPO Date
- Feb 15, 2005
- CIK
- 0000862157
- Website
- dws.com
- Similar Companies
- Business
- DWS S&P 500 Index Fund - Class A (SXPAX) is a feeder fund that seeks investment results corresponding to the total return of the S&P 500 Index, comprising common stocks of 500 large-cap U.S. companies weighted by market capitalization; it invests substantially all assets in the Deutsche DWS Equity 500 Index Portfolio, which holds at least 80% of its assets in S&P 500 constituent stocks or derivatives such as futures contracts and options providing equivalent exposure, supplemented by short-term debt securities and money market instruments. The fund offers multiple share classes including Class A (SXPAX, front-end load of 4.50%), Class C (SXPCX, deferred sales charge), Class R6 (SXPRX), and Class S (SCPIX), with net expense ratios after waivers ranging from 0.23% to 1.26%; it maintains a low portfolio turnover of approximately 2% and total net assets of about $1.5 billion as of late 2025. Domiciled in the United States with operations managed through DWS Investment Management Americas, Inc. (advisor) and Northern Trust Investments, Inc. (subadvisor), the fund traces its roots to an inception date of August 29, 1997 for the master portfolio, with Class A shares launched February 15, 2005; it primarily serves retail and institutional investors seeking large blend equity exposure via individual accounts, IRAs, retirement plans, and Section 529 plans, with minimum initial investments starting at $1,000 for Class A non-IRA accounts. Portfolio management employs quantitative optimization to replicate index characteristics including industry weightings, market caps, and fundamentals like price-to-book and price-to-earnings ratios, targeting a long-term correlation of 98% or better to the S&P 500 while maximizing liquidity and minimizing costs through representative sampling of smaller holdings. Top holdings as of mid-2025 typically mirror index leaders such as NVIDIA (around 7-8%), Microsoft (6-7%), Apple, Amazon, and Broadcom, with sector allocations led by technology (30-40%), financial services (14-16%), and healthcare (11%). In September 2024, the fund underwent a portfolio manager transition with Chris J. Jaeger and Michael Gleeman of Northern Trust Investments assuming responsibility, replacing prior management while maintaining the index-tracking strategy. DWS Group, the fund's sponsor headquartered in Frankfurt am Main, Germany with key U.S. offices in Chicago and New York, extended its longstanding distribution partnership with Deutsche Vermögensberatung (DVAG) for another decade in June 2025 and pursued strategic real estate and infrastructure deals including a €1 billion collaboration with Al Mirqab Capital and a logistics campus acquisition in Berlin in December 2025; these parent-level developments bolster DWS's platform amid record assets under management exceeding €1 trillion. Effective June 11, 2026, the fund will refine its 80% policy to encompass net assets plus borrowings, aligning with regulatory updates without altering core S&P 500 focus.