DWS Total
Return Bond Fund | ||||||||||||
CLASS/TICKER |
A |
SZIAX |
C |
SZICX |
R |
SZIRX |
R6 |
SZIWX |
INST |
SZIIX |
S |
SCSBX |
|
A |
C |
R |
R6 |
INST |
S |
Maximum sales
charge (load)
imposed on
purchases, as %
of offering
price |
|
|
|
|
|
|
Maximum
deferred sales
charge
(load), as % of
redemption
proceeds1 |
|
|
|
|
|
|
Account
Maintenance Fee
(annually,
for fund account
balances
below $10,000 and
subject to
certain exceptions) |
$ |
$ |
|
|
|
$ |
|
A |
C |
R |
R6 |
INST |
S |
Management
fee |
|
|
|
|
|
|
Distribution/service
(12b-1)
fees |
|
|
|
|
|
|
Other
expenses |
|
|
|
|
|
|
Total
annual fund operating
expenses |
|
|
|
|
|
|
Fee
waiver/expense reim-
bursement |
|
|
|
|
|
|
Total
annual fund operating
expenses
after fee waiver/
expense
reimbursement |
|
|
|
|
|
|
Prospectus June 1, 2023 | 1 | DWS Total Return Bond Fund |
Years |
A |
C |
R |
R6 |
INST |
S |
1 |
$ |
$ |
$ |
$ |
$ |
$ |
3 |
|
|
|
|
|
|
5 |
|
|
|
|
|
|
10 |
|
|
|
|
|
|
Years |
A |
C |
R |
R6 |
INST |
S |
1 |
$ |
$ |
$ |
$ |
$ |
$ |
3 |
|
|
|
|
|
|
5 |
|
|
|
|
|
|
10 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class
Inception |
1
Year |
5
Years |
10
Years |
Class
A before
tax |
|
- |
- |
|
After tax
on distribu-
tions |
|
- |
- |
- |
After tax
on distribu-
tions and
sale of fund
shares |
|
- |
- |
- |
Class
C before
tax |
|
- |
- |
|
Class
R before
tax |
|
- |
- |
|
INST
Class before
tax |
|
- |
- |
|
Class
S before
tax |
|
- |
- |
|
Bloomberg
U.S. Aggre-
gate
Bond Index
(reflects no
deduction for
fees,
expenses or taxes) |
|
- |
|
|
|
Class
Inception |
1
Year |
Since
Inception |
Class
R6 before
tax |
|
- |
- |
Bloomberg
U.S. Aggre-
gate
Bond Index
(reflects no
deduction for
fees,
expenses or taxes) |
|
- |
- |
|
Non-IRA |
IRAs |
UGMAs/
UTMAs |
Automatic
Investment
Plans |
A
C |
1,000 |
500 |
1,000 |
500 |
R |
None |
N/A |
N/A |
N/A |
R6 |
None |
N/A |
N/A |
N/A |
INST |
1,000,000 |
N/A |
N/A |
N/A |
S |
2,500 |
1,000 |
1,000 |
1,000 |
Mail |
All
Requests |
DWS
PO Box
219151
Kansas City,
MO 64121-9151 |
Expedited
Mail |
DWS
430 West 7th
Street
Suite
219151
Kansas City,
MO 64105-1407 | |
Web
Site |
dws.com | |
Telephone |
(800)
728-3337, M – F 8 a.m. – 7 p.m. ET | |
Hearing
Impaired |
For hearing
impaired assistance, please
call us using
a relay service |
Prospectus June 1, 2023 | 9 | Fund Details |
Fund
Name |
Fee
Paid |
DWS Total
Return Bond Fund |
0.334
%* |
Classes
and features |
Points
to help you compare |
Class
A |
|
◾Sales charge
of up to 2.75%
charged when
you buy shares
◾In most
cases, no charge when
you sell
shares
◾Up to 0.25%
annual share-
holder
servicing fee |
◾Some
investors may be able to
reduce or
eliminate their sales
charge; see
“Class A
Shares”
and Appendix
B
◾Total annual
expenses are
lower than
those for Class C
◾Distributions
are generally
higher than
Class C |
Class
C |
|
◾No sales
charge when you buy
shares
◾Deferred
sales charge of
1.00%,
charged when you sell
shares you
bought within the
last
year
◾0.75% annual
distribution fee
and up to
0.25% annual share-
holder
servicing fee |
◾Unlike Class
A, Class C does
not have a
sales charge when
buying
shares, but has higher
annual
expenses and a one
year deferred
sales charge
◾Distributions
are generally
lower than
Class A
◾Maximum
investment applies
◾Class C
automatically converts
to Class A
after 8 years,
provided that
records held by
the fund or
your financial inter-
mediary
verify Class C shares
have been
held for at least
8
years |
Class
R |
|
◾No sales
charge when you buy
shares and no
deferred sales
charge when
you sell shares
◾0.25% annual
distribution fee
and up to
0.25% annual share-
holder
servicing fee |
◾Only
available to participants in
certain
retirement plans
◾Distributions
are generally
higher than
Class C but lower
than Class A,
Class S or Institu-
tional
Class |
Prospectus June 1, 2023 | 18 | Investing in the Fund |
Class
R6 |
|
◾No sales
charge when you buy
shares and no
deferred sales
charge when
you sell shares |
◾Only
available to participants in
certain
qualifying plans and
programs |
Institutional
Class |
|
◾No sales
charge when you buy
shares and no
deferred sales
charge when
you sell shares |
◾Only
available to certain institu-
tional
investors; typically
$1,000,000
minimum initial
investment
◾Distributions
are generally
higher than
Class A, Class C
and Class R,
and may be higher
than Class S,
depending on
relative
expenses |
Class
S |
|
◾No sales
charge when you buy
shares and no
deferred sales
charge when
you sell shares |
◾Total annual
expenses are
lower than
those for Class A,
Class C and
Class R
◾Distributions
are generally
higher than
Class A, Class C
and Class R,
and may be higher
than
Institutional Class,
depending on
relative expenses |
Your
investment |
Front-end
sales
charge as a
%
of offering
price1,2
|
Front-end
sales
charge as a
% of your
net
investment2
|
Under
$100,000 |
2.75
% |
2.83
% |
$100,000–$249,999 |
2.50 |
2.56 |
$250,000 or
more |
see below3 |
see below3 |
Year
after you bought shares |
CDSC
on shares you sell |
First
year |
1.00
% |
Second
year and later |
None |
Type |
Address |
Expedited
mail |
|
All
Requests |
DWS
430 West 7th
Street
Suite
219151
Kansas City,
MO 64105-1407 |
Regular
mail |
|
All
Requests |
DWS
P.O. Box
219151
Kansas City,
MO 64121-9151 |
|
Non-IRA |
IRAs |
UGMAs/
UTMAs |
Automatic
Investment
Plans |
A
C |
1,000 |
500 |
1,000 |
500 |
INST |
1,000,000 |
N/A |
N/A |
N/A |
S |
2,500 |
1,000 |
1,000 |
1,000 |
Bank
name |
State
Street Bank Boston |
Routing
Number |
011000028 |
Attention |
DWS |
DDA
Number |
9903-5552 |
FBO |
(Account
name) (Account number) |
Credit |
(Fund
name, Fund number and, if
applicable,
class name) |
Class |
Exchanging
into Another Fund ($) |
A
C |
1,000
minimum into new non-IRA accounts per
fund
500
minimum into new IRA accounts per fund
50
minimum into all existing accounts per fund |
INST |
1,000,000
minimum into new accounts per fund |
S |
2,500
minimum into new non-IRA accounts per
fund
1,000
minimum into new IRA and UTMA/UGMA
accounts
per fund
50
minimum into all existing accounts per
fund |
Class |
Selling
Shares ($) |
A
C |
Check
redemption:
Up to
100,000. More than 100,000 see
“Signature
Guarantee”
Automated
Clearing House (ACH) to your bank:
Minimum 50,
maximum 250,000
Wire
redemption to your bank: Minimum 1,000 |
INST |
Same as
Classes A and C |
S |
Same as
Classes A and C |
( |
Total
Assets |
− |
Total
Liabilities |
) |
÷ |
Total
Number of
Shares
Outstanding |
= |
NAV |
Generally
taxed at net capital
gain
rates: |
Generally
taxed at ordinary
income
rates: |
Fund
distributions |
|
◾gains
from the sale of securi-
ties
held (or treated as held)
by
the fund for more than
one
year
◾qualified
dividend income |
◾gains
from the sale of securi-
ties
held (or treated as held)
by
the fund for one year or
less
◾all
other taxable income |
Transactions
involving fund
shares |
|
◾gains
from selling fund
shares
held for more than
one
year |
◾gains
from selling fund
shares
held for one year or
less |
DWS
Total Return Bond Fund — Class A | |||||
|
Years Ended
January 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$10.91 |
$11.43 |
$11.05 |
$10.36 |
$10.76 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.26 |
.24 |
.24 |
.28 |
.34 |
Net realized
and unrealized gain (loss) |
(1.29
) |
(.51
) |
.38 |
.76 |
(.38
) |
Total
from investment operations |
(1.03
) |
(.27
) |
.62 |
1.04 |
(.04
) |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.27
) |
(.25
) |
(.24
) |
(.35
) |
(.36
) |
Net
asset value, end of period |
$9.61 |
$10.91 |
$11.43 |
$11.05 |
$10.36 |
Total Return
(%)b,c |
(9.45
) |
(2.40
) |
5.63 |
10.16 |
(.26
) |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
165 |
209 |
242 |
240 |
90 |
Ratio of
expenses before expense reductions (%) |
1.00 |
.97 |
.96 |
.98 |
1.05 |
Ratio of
expenses after expense reductions (%) |
.80 |
.83 |
.84 |
.84 |
.84 |
Ratio of net
investment income (%) |
2.68 |
2.14 |
2.13 |
2.55 |
3.24 |
Portfolio
turnover rate (%) |
228 |
182 |
143 |
211 |
187 |
a |
Based
on average shares outstanding during the period. |
b |
Total
return does not reflect the effect of any sales
charges. |
c |
Total
return would have been lower had certain expenses not been
reduced. |
Prospectus June 1, 2023 | 38 | Financial Highlights |
DWS
Total Return Bond Fund — Class C | |||||
|
Years Ended
January 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$10.93 |
$11.44 |
$11.06 |
$10.36 |
$10.76 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.18 |
.16 |
.16 |
.18 |
.26 |
Net realized
and unrealized gain (loss) |
(1.29
) |
(.50
) |
.37 |
.79 |
(.37
) |
Total
from investment operations |
(1.11
) |
(.34
) |
.53 |
.97 |
(.11
) |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.20
) |
(.17
) |
(.15
) |
(.27
) |
(.29
) |
Net
asset value, end of period |
$9.62 |
$10.93 |
$11.44 |
$11.06 |
$10.36 |
Total Return
(%)b,c |
(10.20
) |
(3.04
) |
4.84 |
9.43 |
(1.01
) |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
3 |
6 |
13 |
19 |
3 |
Ratio of
expenses before expense reductions (%) |
1.77 |
1.71 |
1.71 |
1.70 |
1.80 |
Ratio of
expenses after expense reductions (%) |
1.55 |
1.58 |
1.59 |
1.59 |
1.59 |
Ratio of net
investment income (%) |
1.81 |
1.42 |
1.39 |
1.69 |
2.46 |
Portfolio
turnover rate (%) |
228 |
182 |
143 |
211 |
187 |
a |
Based
on average shares outstanding during the period. |
b |
Total
return does not reflect the effect of any sales
charges. |
c |
Total
return would have been lower had certain expenses not been
reduced. |
Prospectus June 1, 2023 | 39 | Financial Highlights |
DWS
Total Return Bond Fund — Class R | |||||
|
Years Ended
January 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data |
|
|
|
|
|
Net
asset value, beginning of period |
$10.91 |
$11.43 |
$11.05 |
$10.36 |
$10.76 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.23 |
.22 |
.21 |
.26 |
.31 |
Net realized
and unrealized gain (loss) |
(1.29
) |
(.52
) |
.38 |
.75 |
(.37
) |
Total
from investment operations |
(1.06
) |
(.30
) |
.59 |
1.01 |
(.06
) |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.24
) |
(.22
) |
(.21
) |
(.32
) |
(.34
) |
Net
asset value, end of period |
$9.61 |
$10.91 |
$11.43 |
$11.05 |
$10.36 |
Total Return
(%)b |
(9.68
) |
(2.65
) |
5.37 |
9.88 |
(.51
) |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ thousands) |
178 |
193 |
292 |
292 |
259 |
Ratio of
expenses before expense reductions (%) |
1.41 |
1.38 |
1.37 |
1.36 |
1.42 |
Ratio of
expenses after expense reductions (%) |
1.05 |
1.08 |
1.09 |
1.09 |
1.09 |
Ratio of net
investment income (%) |
2.38 |
1.91 |
1.88 |
2.44 |
2.98 |
Portfolio
turnover rate (%) |
228 |
182 |
143 |
211 |
187 |
a |
Based on
average shares outstanding during the period. |
b |
Total return
would have been lower had certain expenses not been
reduced. |
Prospectus June 1, 2023 | 40 | Financial Highlights |
DWS
Total Return Bond Fund — Class R6 | ||||
|
Years Ended
January
31, |
Period
Ended | ||
|
2023 |
2022 |
2021 |
1/31/20a |
Selected
Per Share Data |
|
|
|
|
Net
asset value, beginning of period |
$10.86 |
$11.38 |
$11.01 |
$10.86 |
Income
(loss) from investment operations: |
|
|
|
|
Net
investment incomeb |
.29 |
.27 |
.26 |
.14 |
Net realized
and unrealized gain (loss) |
(1.30
) |
(.51
) |
.37 |
.17 |
Total
from investment operations |
(1.01
) |
(.24
) |
.63 |
.31 |
Less
distributions from: |
|
|
|
|
Net
investment income |
(.29
) |
(.28
) |
(.26
) |
(.16
) |
Net
asset value, end of period |
$9.56 |
$10.86 |
$11.38 |
$11.01 |
Total Return
(%)c |
(9.27
) |
(2.18
) |
5.82 |
2.91
* |
Ratios
to Average Net Assets and Supplemental Data | ||||
Net assets,
end of period ($ thousands) |
48 |
51 |
51 |
72 |
Ratio of
expenses before expense reductions (%) |
.82 |
.74 |
.64 |
.75
** |
Ratio of
expenses after expense reductions (%) |
.55 |
.58 |
.59 |
.59
** |
Ratio of net
investment income (%) |
2.97 |
2.39 |
2.34 |
2.61
** |
Portfolio
turnover rate (%) |
228 |
182 |
143 |
211
d |
a |
For
the period from August 1, 2019 (commencement of operations) to January 31,
2020. |
b |
Based
on average shares outstanding during the period. |
c |
Total
return would have been lower had certain expenses not been
reduced. |
d |
Represents
the Fund’s portfolio turnover rate for the year ended January 31,
2020. |
* |
Not
annualized |
** |
Annualized |
Prospectus June 1, 2023 | 41 | Financial Highlights |
DWS
Total Return Bond Fund — Institutional Class | |||||
|
Years Ended
January 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$10.88 |
$11.39 |
$11.01 |
$10.31 |
$10.71 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.28 |
.27 |
.27 |
.31 |
.36 |
Net realized
and unrealized gain (loss) |
(1.29
) |
(.50
) |
.37 |
.76 |
(.37
) |
Total
from investment operations |
(1.01
) |
(.23
) |
.64 |
1.07 |
(.01
) |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.29
) |
(.28
) |
(.26
) |
(.37
) |
(.39
) |
Net
asset value, end of period |
$9.58 |
$10.88 |
$11.39 |
$11.01 |
$10.31 |
Total Return
(%)b |
(9.35
) |
(2.08
) |
5.91 |
10.57 |
(.03
) |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
30 |
33 |
38 |
88 |
73 |
Ratio of
expenses before expense reductions (%) |
.70 |
.70 |
.69 |
.69 |
.71 |
Ratio of
expenses after expense reductions (%) |
.55 |
.58 |
.59 |
.59 |
.59 |
Ratio of net
investment income (%) |
2.91 |
2.39 |
2.40 |
2.92 |
3.49 |
Portfolio
turnover rate (%) |
228 |
182 |
143 |
211 |
187 |
a |
Based
on average shares outstanding during the period. |
b |
Total
return would have been lower had certain expenses not been
reduced. |
Prospectus June 1, 2023 | 42 | Financial Highlights |
DWS
Total Return Bond Fund — Class S | |||||
|
Years Ended
January 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$10.91 |
$11.43 |
$11.05 |
$10.36 |
$10.76 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.29 |
.27 |
.27 |
.31 |
.36 |
Net realized
and unrealized gain (loss) |
(1.30
) |
(.51
) |
.37 |
.75 |
(.37
) |
Total
from investment operations |
(1.01
) |
(.24
) |
.64 |
1.06 |
(.01
) |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.29
) |
(.28
) |
(.26
) |
(.37
) |
(.39
) |
Net
asset value, end of period |
$9.61 |
$10.91 |
$11.43 |
$11.05 |
$10.36 |
Total Return
(%)b |
(9.22
) |
(2.16
) |
5.90 |
10.43 |
(.01
) |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
106 |
134 |
154 |
161 |
132 |
Ratio of
expenses before expense reductions (%) |
.76 |
.72 |
.72 |
.74 |
.76 |
Ratio of
expenses after expense reductions (%) |
.55 |
.58 |
.59 |
.59 |
.59 |
Ratio of net
investment income (%) |
2.93 |
2.39 |
2.38 |
2.92 |
3.49 |
Portfolio
turnover rate (%) |
228 |
182 |
143 |
211 |
187 |
a |
Based
on average shares outstanding during the period. |
b |
Total
return would have been lower had certain expenses not been
reduced. |
Prospectus June 1, 2023 | 43 | Financial Highlights |
|
Maximum
Sales
Charge:
2.75% |
Initial
Hypothetical
Investment:
$10,000 |
Assumed
Rate
of
Return:
5% | ||
Year |
Cumulative
Return
Before
Fees
&
Expenses |
Annual
Fund
Expense
Ratios |
Cumulative
Return
After
Fees
&
Expenses |
Hypothetical
Year-End
Balance
After
Fees
&
Expenses |
Annual
Fees
&
Expenses |
1 |
5.00% |
0.80% |
1.33% |
$10,133.45 |
$354.43 |
2 |
10.25% |
1.00% |
5.39% |
$10,538.79 |
$103.36 |
3 |
15.76% |
1.00% |
9.60% |
$10,960.34 |
$107.50 |
4 |
21.55% |
1.00% |
13.99% |
$11,398.75 |
$111.80 |
5 |
27.63% |
1.00% |
18.55% |
$11,854.70 |
$116.27 |
6 |
34.01% |
1.00% |
23.29% |
$12,328.89 |
$120.92 |
7 |
40.71% |
1.00% |
28.22% |
$12,822.05 |
$125.75 |
8 |
47.75% |
1.00% |
33.35% |
$13,334.93 |
$130.78 |
9 |
55.13% |
1.00% |
38.68% |
$13,868.33 |
$136.02 |
10 |
62.89% |
1.00% |
44.23% |
$14,423.06 |
$141.46 |
Total |
$1,448.29 |
Prospectus June 1, 2023 | 44 | Appendix A |
|
Maximum
Sales
Charge:
0.00% |
Initial
Hypothetical
Investment:
$10,000 |
Assumed
Rate
of
Return:
5% | ||
Year |
Cumulative
Return
Before
Fees
&
Expenses |
Annual
Fund
Expense
Ratios |
Cumulative
Return
After
Fees
&
Expenses |
Hypothetical
Year-End
Balance
After
Fees
&
Expenses |
Annual
Fees
&
Expenses |
1 |
5.00% |
1.55% |
3.45% |
$10,345.00 |
$157.67 |
2 |
10.25% |
1.77% |
6.79% |
$10,679.14 |
$186.06 |
3 |
15.76% |
1.77% |
10.24% |
$11,024.08 |
$192.07 |
4 |
21.55% |
1.77% |
13.80% |
$11,380.16 |
$198.28 |
5 |
27.63% |
1.77% |
17.48% |
$11,747.74 |
$204.68 |
6 |
34.01% |
1.77% |
21.27% |
$12,127.19 |
$211.29 |
7 |
40.71% |
1.77% |
25.19% |
$12,518.90 |
$218.12 |
8 |
47.75% |
1.77% |
29.23% |
$12,923.26 |
$225.16 |
9 |
55.13% |
1.00% |
34.40% |
$13,440.19 |
$131.82 |
10 |
62.89% |
1.00% |
39.78% |
$13,977.79 |
$137.09 |
Total |
$1,862.24 |
|
Maximum
Sales
Charge:
0.00% |
Initial
Hypothetical
Investment:
$10,000 |
Assumed
Rate
of
Return:
5% | ||
Year |
Cumulative
Return
Before
Fees
&
Expenses |
Annual
Fund
Expense
Ratios |
Cumulative
Return
After
Fees
&
Expenses |
Hypothetical
Year-End
Balance
After
Fees
&
Expenses |
Annual
Fees
&
Expenses |
1 |
5.00% |
1.05% |
3.95% |
$10,395.00 |
$107.07 |
2 |
10.25% |
1.41% |
7.68% |
$10,768.18 |
$149.20 |
3 |
15.76% |
1.41% |
11.55% |
$11,154.76 |
$154.56 |
4 |
21.55% |
1.41% |
15.55% |
$11,555.21 |
$160.11 |
5 |
27.63% |
1.41% |
19.70% |
$11,970.05 |
$165.85 |
6 |
34.01% |
1.41% |
24.00% |
$12,399.77 |
$171.81 |
7 |
40.71% |
1.41% |
28.45% |
$12,844.92 |
$177.98 |
8 |
47.75% |
1.41% |
33.06% |
$13,306.06 |
$184.36 |
9 |
55.13% |
1.41% |
37.84% |
$13,783.74 |
$190.98 |
10 |
62.89% |
1.41% |
42.79% |
$14,278.58 |
$197.84 |
Total |
$1,659.76 |
Prospectus June 1, 2023 | 45 | Appendix A |
|
Maximum
Sales
Charge:
0.00% |
Initial
Hypothetical
Investment:
$10,000 |
Assumed
Rate
of
Return:
5% | ||
Year |
Cumulative
Return
Before
Fees
&
Expenses |
Annual
Fund
Expense
Ratios |
Cumulative
Return
After
Fees
&
Expenses |
Hypothetical
Year-End
Balance
After
Fees
&
Expenses |
Annual
Fees
&
Expenses |
1 |
5.00% |
0.55% |
4.45% |
$10,445.00 |
$56.22 |
2 |
10.25% |
0.82% |
8.82% |
$10,881.60 |
$87.44 |
3 |
15.76% |
0.82% |
13.36% |
$11,336.45 |
$91.09 |
4 |
21.55% |
0.82% |
18.10% |
$11,810.32 |
$94.90 |
5 |
27.63% |
0.82% |
23.04% |
$12,303.99 |
$98.87 |
6 |
34.01% |
0.82% |
28.18% |
$12,818.29 |
$103.00 |
7 |
40.71% |
0.82% |
33.54% |
$13,354.10 |
$107.31 |
8 |
47.75% |
0.82% |
39.12% |
$13,912.30 |
$111.79 |
9 |
55.13% |
0.82% |
44.94% |
$14,493.83 |
$116.47 |
10 |
62.89% |
0.82% |
51.00% |
$15,099.68 |
$121.33 |
Total |
$988.42 |
|
Maximum
Sales
Charge:
0.00% |
Initial
Hypothetical
Investment:
$10,000 |
Assumed
Rate
of
Return:
5% | ||
Year |
Cumulative
Return
Before
Fees
&
Expenses |
Annual
Fund
Expense
Ratios |
Cumulative
Return
After
Fees
&
Expenses |
Hypothetical
Year-End
Balance
After
Fees
&
Expenses |
Annual
Fees
&
Expenses |
1 |
5.00% |
0.55% |
4.45% |
$10,445.00 |
$56.22 |
2 |
10.25% |
0.70% |
8.94% |
$10,894.14 |
$74.69 |
3 |
15.76% |
0.70% |
13.63% |
$11,362.58 |
$77.90 |
4 |
21.55% |
0.70% |
18.51% |
$11,851.17 |
$81.25 |
5 |
27.63% |
0.70% |
23.61% |
$12,360.77 |
$84.74 |
6 |
34.01% |
0.70% |
28.92% |
$12,892.29 |
$88.39 |
7 |
40.71% |
0.70% |
34.47% |
$13,446.66 |
$92.19 |
8 |
47.75% |
0.70% |
40.25% |
$14,024.86 |
$96.15 |
9 |
55.13% |
0.70% |
46.28% |
$14,627.93 |
$100.28 |
10 |
62.89% |
0.70% |
52.57% |
$15,256.93 |
$104.60 |
Total |
$856.41 |
Prospectus June 1, 2023 | 46 | Appendix A |
|
Maximum
Sales
Charge:
0.00% |
Initial
Hypothetical
Investment:
$10,000 |
Assumed
Rate
of
Return:
5% | ||
Year |
Cumulative
Return
Before
Fees
&
Expenses |
Annual
Fund
Expense
Ratios |
Cumulative
Return
After
Fees
&
Expenses |
Hypothetical
Year-End
Balance
After
Fees
&
Expenses |
Annual
Fees
&
Expenses |
1 |
5.00% |
0.55% |
4.45% |
$10,445.00 |
$56.22 |
2 |
10.25% |
0.76% |
8.88% |
$10,887.87 |
$81.06 |
3 |
15.76% |
0.76% |
13.50% |
$11,349.51 |
$84.50 |
4 |
21.55% |
0.76% |
18.31% |
$11,830.73 |
$88.08 |
5 |
27.63% |
0.76% |
23.32% |
$12,332.36 |
$91.82 |
6 |
34.01% |
0.76% |
28.55% |
$12,855.25 |
$95.71 |
7 |
40.71% |
0.76% |
34.00% |
$13,400.31 |
$99.77 |
8 |
47.75% |
0.76% |
39.68% |
$13,968.48 |
$104.00 |
9 |
55.13% |
0.76% |
45.61% |
$14,560.75 |
$108.41 |
10 |
62.89% |
0.76% |
51.78% |
$15,178.12 |
$113.01 |
Total |
$922.58 |
Prospectus June 1, 2023 | 47 | Appendix A |
Prospectus June 1, 2023 | 48 | Appendix B |
Prospectus June 1, 2023 | 49 | Appendix B |
Prospectus June 1, 2023 | 50 | Appendix B |
Prospectus June 1, 2023 | 51 | Appendix B |
Prospectus June 1, 2023 | 52 | Appendix B |
Prospectus June 1, 2023 | 53 | Appendix B |
Prospectus June 1, 2023 | 54 | Appendix B |
Prospectus June 1, 2023 | 55 | Appendix B |
DWS |
PO
Box 219151
Kansas
City, MO
64121-9151
dws.com |
|
Shareholders:
(800)
728-3337
Investment
professionals:
(800)
621-5027 |
Distributor |
DWS
Distributors, Inc.
222
South Riverside Plaza
Chicago,
IL 60606-5808
(800)
621-1148 |
SEC
File Number |
Deutsche
DWS Portfolio Trust
DWS
Total Return Bond Fund
811-00042
|