DWS Science
and Technology Fund | ||||||||
CLASS/TICKER |
A |
KTCAX |
C |
KTCCX |
INST |
KTCIX |
S |
KTCSX |
| |
1 | |
1 | |
2 | |
2 | |
5 | |
6 | |
6 | |
7 | |
7 | |
| |
8 | |
13 | |
14 | |
15 |
| |
16 | |
22 | |
22 | |
23 | |
24 | |
24 | |
25 | |
26 | |
31 | |
32 | |
32 | |
35 | |
39 | |
39 | |
41 | |
42 | |
42 |
|
A |
C |
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 |
INST |
S |
Management
fee |
|
|
|
|
Distribution/service
(12b-1) fees |
|
|
|
|
Other
expenses |
|
|
|
|
Total
annual fund operating expenses |
|
|
|
|
Years |
A |
C |
INST |
S |
1 |
$ |
$ |
$ |
$ |
3 |
|
|
|
|
5 |
|
|
|
|
10 |
|
|
|
|
Prospectus March 1, 2023 | 1 | DWS Science and Technology Fund |
Years |
A |
C |
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 |
|
- |
|
|
INST
Class before
tax |
|
- |
|
|
Class
S before
tax |
|
- |
|
|
S&P
500 Index (reflects
no deduction
for fees,
expenses or
taxes) |
|
- |
|
|
S&P
North American
Technology
Sector
Index
(reflects no
deduc-
tion for
fees, expenses
or
taxes) |
|
- |
|
|
|
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 |
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 March 1, 2023 | 8 | Fund Details |
Fund
Name |
Fee
Paid |
DWS Science
and Technology
Fund |
0.453% |
Prospectus March 1, 2023 | 16 | Investing in the Fund |
Classes
and features |
Points
to help you compare |
Class
A |
|
◾Sales charge
of up to 5.75%
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 |
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 and
Class C, 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
and Class
C
◾Distributions
are generally
higher than
Class A and
Class C, and
may be higher
than
Institutional Class,
depending on
relative expenses |
Your
investment |
Front-end
sales
charge as
%
of offering
price1,2
|
Front-end
sales
charge as %
of your
net
investment2
|
Under
$50,000 |
5.75% |
6.10% |
$50,000–$99,999 |
4.50 |
4.71 |
$100,000–$249,999 |
3.50 |
3.63 |
$250,000–$499,999 |
2.60 |
2.67 |
$500,000–$999,999 |
2.00 |
2.04 |
$1 million or
more |
see below3 |
see below3 |
Year
after you bought shares |
CDSC
on shares you sell |
First
year |
1.00% |
Second
year and later |
None |
Type |
Address |
Expedited
mail |
|
All
Requests |
DWS
430 West 7th
Street
Suite
219151
Kansas City,
MO 64105-1407 |
Regular
mail |
|
All
Requests |
DWS
P.O. Box
219151
Kansas City,
MO 64121-9151 |
|
Non-IRA |
IRAs |
UGMAs/
UTMAs |
Automatic
Investment
Plans |
A
C |
1,000 |
500 |
1,000 |
500 |
INST |
1,000,000 |
N/A |
N/A |
N/A |
S |
2,500 |
1,000 |
1,000 |
1,000 |
Bank
name |
State
Street Bank Boston |
Routing
Number |
011000028 |
Attention |
DWS |
DDA
Number |
9903-5552 |
FBO |
(Account
name) (Account number) |
Credit |
(Fund
name, Fund number and, if
applicable,
class name) |
Class |
Exchanging
into Another Fund ($) |
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
Science and Technology Fund — Class A | |||||
|
Years Ended
October 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$40.55 |
$30.55 |
$24.63 |
$23.50 |
$22.45 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)a |
(.13) |
(.14) |
(.08) |
(.03) |
(.03) |
Net realized
and unrealized gain (loss) |
(12.84) |
12.57 |
8.19 |
3.84 |
2.04 |
Total
from investment operations |
(12.97) |
12.43 |
8.11 |
3.81 |
2.01 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
— |
— |
— |
— |
(.01) |
Net realized
gains |
(3.99) |
(2.43) |
(2.19) |
(2.68) |
(.95) |
Total
distributions |
(3.99) |
(2.43) |
(2.19) |
(2.68) |
(.96) |
Net
asset value, end of period |
$23.59 |
$40.55 |
$30.55 |
$24.63 |
$23.50 |
Total Return
(%)b |
(35.37) |
42.86 |
35.52 |
18.97 |
9.37 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
721 |
1,212 |
905 |
722 |
668 |
Ratio of
expenses (%) |
.89 |
.88 |
.90 |
.93 |
.93 |
Ratio of net
investment income (loss) (%) |
(.45) |
(.40) |
(.31) |
(.15) |
(.12) |
Portfolio
turnover rate (%) |
17 |
21 |
18 |
39 |
34 |
a |
Based on
average shares outstanding during the period. |
b |
Total return
does not reflect the effect of any sales
charges. |
Prospectus March 1, 2023 | 35 | Financial Highlights |
DWS
Science and Technology Fund — Class C | |||||
|
Years Ended
October 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$22.73 |
$18.22 |
$15.65 |
$16.07 |
$15.77 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)a |
(.21) |
(.26) |
(.19) |
(.14) |
(.15) |
Net realized
and unrealized gain (loss) |
(6.56) |
7.20 |
4.95 |
2.40 |
1.40 |
Total
from investment operations |
(6.77) |
6.94 |
4.76 |
2.26 |
1.25 |
Less
distributions from: |
|
|
|
|
|
Net realized
gains |
(3.99) |
(2.43) |
(2.19) |
(2.68) |
(.95) |
Net
asset value, end of period |
$11.97 |
$22.73 |
$18.22 |
$15.65 |
$16.07 |
Total Return
(%)b |
(35.91) |
41.60 |
34.36 |
17.94 |
8.45 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
9 |
20 |
17 |
13 |
13 |
Ratio of
expenses (%) |
1.77 |
1.74 |
1.74 |
1.79 |
1.78 |
Ratio of net
investment income (loss) (%) |
(1.33) |
(1.27) |
(1.16) |
(1.01) |
(.94) |
Portfolio
turnover rate (%) |
17 |
21 |
18 |
39 |
34 |
a |
Based on
average shares outstanding during the period. |
b |
Total return
does not reflect the effect of any sales
charges. |
Prospectus March 1, 2023 | 36 | Financial Highlights |
DWS
Science and Technology Fund — Institutional Class | |||||
|
Years Ended
October 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$45.77 |
$34.15 |
$27.23 |
$25.64 |
$24.40 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)a |
(.08) |
(.09) |
(.04) |
.02 |
.01 |
Net realized
and unrealized gain (loss) |
(14.68) |
14.14 |
9.15 |
4.25 |
2.24 |
Total
from investment operations |
(14.76) |
14.05 |
9.11 |
4.27 |
2.25 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
— |
— |
— |
— |
(.06) |
Net realized
gains |
(3.99) |
(2.43) |
(2.19) |
(2.68) |
(.95) |
Total
distributions |
(3.99) |
(2.43) |
(2.19) |
(2.68) |
(1.01) |
Net
asset value, end of period |
$27.02 |
$45.77 |
$34.15 |
$27.23 |
$25.64 |
Total Return
(%) |
(35.24) |
43.10 |
35.82 |
19.20 |
9.63 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
29 |
45 |
29 |
14 |
9 |
Ratio of
expenses (%) |
.69 |
.69 |
.69 |
.71 |
.72 |
Ratio of net
investment income (loss) (%) |
(.24) |
(.21) |
(.12) |
.06 |
.04 |
Portfolio
turnover rate (%) |
17 |
21 |
18 |
39 |
34 |
a |
Based on
average shares outstanding during the
period. |
Prospectus March 1, 2023 | 37 | Financial Highlights |
DWS
Science and Technology Fund — Class S | |||||
|
Years Ended
October 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$41.50 |
$31.16 |
$25.04 |
$23.81 |
$22.73 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)a |
(.08) |
(.08) |
(.04) |
.01 |
.01 |
Net realized
and unrealized gain (loss) |
(13.18) |
12.85 |
8.35 |
3.90 |
2.06 |
Total
from investment operations |
(13.26) |
12.77 |
8.31 |
3.91 |
2.07 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
— |
— |
— |
— |
(.04) |
Net realized
gains |
(3.99) |
(2.43) |
(2.19) |
(2.68) |
(.95) |
Total
distributions |
(3.99) |
(2.43) |
(2.19) |
(2.68) |
(.99) |
Net
asset value, end of period |
$24.25 |
$41.50 |
$31.16 |
$25.04 |
$23.81 |
Total Return
(%) |
(35.25) |
43.12 |
35.75 |
19.16 |
9.55 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
150 |
248 |
181 |
148 |
135 |
Ratio of
expenses (%) |
.71 |
.69 |
.72 |
.76 |
.77 |
Ratio of net
investment income (loss) (%) |
(.27) |
(.22) |
(.13) |
.02 |
.04 |
Portfolio
turnover rate (%) |
17 |
21 |
18 |
39 |
34 |
a |
Based on
average shares outstanding during the
period. |
Prospectus March 1, 2023 | 38 | Financial Highlights |
|
Maximum
Sales
Charge:
5.75% |
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% |
0.89% |
-1.88% |
$9,812.37 |
$660.61 |
2 |
10.25% |
0.89% |
2.16% |
$10,215.66 |
$89.12 |
3 |
15.76% |
0.89% |
6.36% |
$10,635.52 |
$92.79 |
4 |
21.55% |
0.89% |
10.73% |
$11,072.64 |
$96.60 |
5 |
27.63% |
0.89% |
15.28% |
$11,527.72 |
$100.57 |
6 |
34.01% |
0.89% |
20.02% |
$12,001.51 |
$104.71 |
7 |
40.71% |
0.89% |
24.95% |
$12,494.78 |
$109.01 |
8 |
47.75% |
0.89% |
30.08% |
$13,008.31 |
$113.49 |
9 |
55.13% |
0.89% |
35.43% |
$13,542.95 |
$118.15 |
10 |
62.89% |
0.89% |
41.00% |
$14,099.57 |
$123.01 |
Total |
$1,608.06 |
Prospectus March 1, 2023 | 39 | 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% |
1.77% |
3.23% |
$10,323.00 |
$179.86 |
2 |
10.25% |
1.77% |
6.56% |
$10,656.43 |
$185.67 |
3 |
15.76% |
1.77% |
10.01% |
$11,000.64 |
$191.67 |
4 |
21.55% |
1.77% |
13.56% |
$11,355.96 |
$197.86 |
5 |
27.63% |
1.77% |
17.23% |
$11,722.75 |
$204.25 |
6 |
34.01% |
1.77% |
21.01% |
$12,101.40 |
$210.84 |
7 |
40.71% |
1.77% |
24.92% |
$12,492.27 |
$217.65 |
8 |
47.75% |
1.77% |
28.96% |
$12,895.77 |
$224.68 |
9 |
55.13% |
0.89% |
34.26% |
$13,425.79 |
$117.13 |
10 |
62.89% |
0.89% |
39.78% |
$13,977.59 |
$121.95 |
Total |
$1,851.56 |
|
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% |
0.69% |
4.31% |
$10,431.00 |
$70.49 |
2 |
10.25% |
0.69% |
8.81% |
$10,880.58 |
$73.52 |
3 |
15.76% |
0.69% |
13.50% |
$11,349.53 |
$76.69 |
4 |
21.55% |
0.69% |
18.39% |
$11,838.69 |
$80.00 |
5 |
27.63% |
0.69% |
23.49% |
$12,348.94 |
$83.45 |
6 |
34.01% |
0.69% |
28.81% |
$12,881.18 |
$87.04 |
7 |
40.71% |
0.69% |
34.36% |
$13,436.36 |
$90.80 |
8 |
47.75% |
0.69% |
40.15% |
$14,015.47 |
$94.71 |
9 |
55.13% |
0.69% |
46.20% |
$14,619.53 |
$98.79 |
10 |
62.89% |
0.69% |
52.50% |
$15,249.64 |
$103.05 |
Total |
$858.54 |
Prospectus March 1, 2023 | 40 | 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% |
0.71% |
4.29% |
$10,429.00 |
$72.52 |
2 |
10.25% |
0.71% |
8.76% |
$10,876.40 |
$75.63 |
3 |
15.76% |
0.71% |
13.43% |
$11,343.00 |
$78.88 |
4 |
21.55% |
0.71% |
18.30% |
$11,829.62 |
$82.26 |
5 |
27.63% |
0.71% |
23.37% |
$12,337.11 |
$85.79 |
6 |
34.01% |
0.71% |
28.66% |
$12,866.37 |
$89.47 |
7 |
40.71% |
0.71% |
34.18% |
$13,418.34 |
$93.31 |
8 |
47.75% |
0.71% |
39.94% |
$13,993.98 |
$97.31 |
9 |
55.13% |
0.71% |
45.94% |
$14,594.32 |
$101.49 |
10 |
62.89% |
0.71% |
52.20% |
$15,220.42 |
$105.84 |
Total |
$882.50 |
Prospectus March 1, 2023 | 41 | Appendix A |
Prospectus March 1, 2023 | 42 | Appendix B |
Prospectus March 1, 2023 | 43 | Appendix B |
Prospectus March 1, 2023 | 44 | Appendix B |
Prospectus March 1, 2023 | 45 | Appendix B |
Prospectus March 1, 2023 | 46 | Appendix B |
Prospectus March 1, 2023 | 47 | Appendix B |
Prospectus March 1, 2023 | 48 | Appendix B |
Prospectus March 1, 2023 | 49 | 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 Securities Trust
DWS
Science and Technology Fund
811-02021
|