NEW YORK--(BUSINESS WIRE)--Deutsche Asset Management (Deutsche AM) today announced reductions of the net expense ratios on a suite of US-domiciled global and emerging markets mutual funds, as well as management fee reductions on certain funds. The expense reductions, which became effective June 1, 2017, bring the average net expense ratios of these funds to the lowest cost quartile in their respective Morningstar categories, providing significant savings to the funds’ shareholders.
“We are committed to bringing Deutsche Asset Management’s international capabilities and unique global perspective to investors in the Americas,” said Brian Binder, President of Deutsche Funds and Head of US Product & Fund Administration. “With the European and emerging markets in the early stages of the growth cycle, and many investors overweight in US equities, clients are looking for investment opportunities overseas. Because expense ratios can have a direct impact on performance, we are pleased to introduce these reductions as clients seek to diversify their portfolio across a wider world of international markets.”
|Deutsche Emerging Markets Equity Fund – Class I||SEKIX||Diversified Emerging Mkts||1.40||0.90||11% 26/227|
|Deutsche European Equity Fund – Class I||DURIX||Europe Stock||1.07||0.87||25% 7/25|
|Deutsche Global High Income Fund – Class I||MGHYX||High Yield Bond||0.65||0.60||13% 26/194|
|Deutsche Global Macro Fund – Class I||MGINX||World Large Stock||1.80||0.77||18% 43/232|
|Deutsche Enhanced Emerging Markets Fixed Income Fund – Class I||SZEIX||Emerging Markets Bond||0.92||0.77||21% 18/82|
|Deutsche Enhanced Global Bond Fund – Class A||SZGAX||World Bond||1.29||0.92||21% 11/48|
|Deutsche Global Real Estate Securities Fund – Class I||RRGIX||Global Real Estate||0.98||0.95||23% 16/66|
|Deutsche World Dividend Fund – Class I||SERNX||World Large Stock||0.99||0.83||23% 54/232|
1 Expense information in the table reflects new gross/net as of June 30, 2017. The net expense ratio is reflective of a contractual waiver that runs through September 30, 2018. Without a waiver, returns would have been lower and any rankings/rating might have been less favorable. See prospectus for details.
2 Expense ratios for each of Deutsche European Equity Fund, Deutsche Global High Income Fund, Deutsche Global Macro Fund and Deutsche Enhanced Global Bond Fund reflect new contractual management fee rates effective as of July 1, 2017,
3 Source: Morningstar, Inc. as of June 30, 2017. Rankings are historical and there can be no guarantee they will remain unchanged in the future. Changes in fees may affect rankings. Rankings of other classes may vary. Rankings are calculated among like share classes (i.e. Inst versus Inst and Class A versus Class A) within each Fund’s respective category.
Individuals, financial professionals and institutional clients have come to know Deutsche Asset Management as a trusted partner to identify opportunities through decades of changing economic and market conditions. Our integrated global platform harnesses a unique combination of expertise, perspectives and cross-cultural talent to create powerful fixed-income, equity and alternative strategies. Whether through mutual funds, exchange-traded products, customized institutional mandates or structured solutions, we are driven to serve each client’s specific risk, return and liquidity challenges.
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Deutsche Asset Management
With EUR 711 billion of assets under management (as of June 30, 2017), Deutsche Asset Management1 is one of the world’s leading investment management organizations. Deutsche Asset Management offers individuals and institutions traditional and alternative investments across all major asset classes.
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RISKS: Investments in mutual funds involve risk. Stocks may decline in value. Bond investments are subject to interest-rate, credit, liquidity and market risks to varying degrees. Credit risk refers to the ability of an issuer to make timely payments of principal and interest. Investing in derivatives entails special risks relating to liquidity, leverage and credit that may reduce returns and/or increase volatility. Investing in foreign securities, particularly those of emerging markets, presents certain risks, such as currency fluctuations, political and economic changes, and market risks. There are additional risks associated with investing in commodities, high-yield bonds, aggressive growth stocks, non-diversified/concentrated funds and small- and mid-cap stocks which are more fully explained in the prospectuses. Please read the prospectus for more information.
Consider the investment objective, risks, charges and expenses carefully before investing. For a summary prospectus, or prospectus that contains this and other information, download one from www.deutschefunds.com or talk to your financial representative. Read the prospectus carefully before investing.
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|1 Deutsche Asset Management is the brand name of the Asset Management division of the Deutsche Bank Group. The respective legal entities offering products or services under the Deutsche Asset Management brand are specified in the respective contracts, sales materials and other product information documents.|