SLAOX - DWS Latin America Equity B

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DWS Latin America Equity B (SLAOX)
Expense Ratio: 2.46%
Expected Lifetime Fees: $63,093.50

The DWS Latin America Equity B fund (SLAOX) is a Latin America Stock fund started on 05/29/2001 and has $512.10 million in assets under management. The current manager has been running DWS Latin America Equity B since 10/25/2011. The fund is rated by Morningstar. In addition to trading fees and broker commissions, this fund has 12b-1 fees of 1.00%

MarketRiders Prefers The Following ETF

iShares S&P Latin America 40 Index (ILF)
Expense Ratio: 0.50%
Expected Lifetime Fees: $15,685.71

The iShares S&P Latin America 40 Index (ILF) is an Exchange Traded Fund. It is a "basket" of securities that index the Latin America Stock investment strategy and is an alternative to a Latin America Stock mutual fund. Fees are very low compared to a comparable mutual fund like DWS Latin America Equity B because computers automatically manage the stocks.

The Following Latin America Stock Funds Have Lower Fees Than DWS Latin America Equity B (SLAOX). Why are these metrics important?
Mutual Fund Name Ticker Symbol Turnover Assets (M) Annual Fees
BlackRock Latin America Instl MALTX 33.0% 590 1.26%
BlackRock Latin America Inv A MDLSZ 33.0% 590 1.55%
BlackRock Latin America Inv A MDLTX 33.0% 590 1.55%
BlackRock Latin America Inv B MBLTX 33.0% 590 2.40%
BlackRock Latin America Inv C MCLTX 33.0% 590 2.33%
DWS Latin America Equity A SLANX 35.0% 512 1.71%
DWS Latin America Equity S SLA1Z 35.0% 512 1.42%
DWS Latin America Equity S SLAFX 35.0% 512 1.42%
Fidelity Advisor Latin America A FLFAX 11.0% 2,600 1.34%
Fidelity Advisor Latin America B FLFBX 11.0% 2,600 2.10%
Fidelity Advisor Latin America C FLFCX 11.0% 2,600 2.08%
Fidelity Advisor Latin America I FLFIX 11.0% 2,600 1.04%
Fidelity Advisor Latin America T FLFTX 11.0% 2,600 1.61%
Fidelity Latin America FLATX 11.0% 2,600 1.00%
T. Rowe Price Latin America PRLAX 14.8% 1,700 1.25%

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Why Are These Metrics Important?

Turnover represents how much of a mutual fund's holdings are changed over the course of a year through buying and selling. Active mutual funds have an average turnover rate of about 85%, meaning that funds are turning over nearly all of their holdings every year. A high turnover means you could make lower returns because: 1) buying and selling stocks costs money through commissions and spreads and 2) the fund will distribute yearly capital gains which increases your taxes. Look for funds with turnover rates below 50%. For comparison, ETF turnover rates average around 10% or lower.

Generally, smaller funds do better than larger ones. The more assets in a mutual fund, the lower the chance that it will beat its index. Managers outperform an index by choosing stocks that are undervalued. In order to find these undervalued stocks, the manager has to know more than his competitors to develop an "edge." There are only a finite number of stocks a mutual fund manager can reasonably analyze and actively track to gain such a competitive edge. When the fund has more assets, the manager must analyze large companies because he needs to take larger positions. Large companies are more efficiently priced in the market and it becomes increasingly difficult to get an edge.