DWS GNMA
Fund | ||||||||||||
CLASS/TICKER |
A |
GGGGX |
C |
GCGGX |
R |
GRGGX |
R6 |
GRRGX |
INST |
GIGGX |
S |
SGINX |
|
|
DWS High
Income Fund | ||||||||||||
CLASS/TICKER |
A |
KHYAX |
C |
KHYCX |
R |
KHYRX |
R6 |
KHYQX |
INST |
KHYIX |
S |
KHYSX |
|
|
DWS Global
High Income Fund | ||||||||||
CLASS/TICKER |
A |
SGHAX |
C |
SGHCX |
R6 |
SGHRX |
INST |
MGHYX |
S |
SGHSX |
|
|
DWS Short
Duration Fund | ||||||||||
CLASS/TICKER |
A |
PPIAX |
C |
PPLCX |
R6 |
PPLZX |
INST |
PPILX |
S |
DBPIX |
| |
1 | |
1 | |
2 | |
2 | |
5 | |
6 | |
6 | |
7 | |
7 | |
| |
8 | |
8 | |
9 | |
9 | |
12 | |
13 | |
13 | |
14 | |
14 | |
| |
15 | |
15 | |
16 | |
16 | |
20 | |
21 | |
21 | |
21 | |
21 |
| |
23 | |
23 | |
24 | |
25 | |
29 | |
29 | |
29 | |
30 | |
30 | |
| |
31 | |
31 | |
35 | |
40 | |
46 | |
52 | |
53 | |
55
|
|
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 February 1, 2023 | 1 | DWS GNMA 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
GNMA
Index
(reflects no
deduc-
tion for
fees, expenses
or
taxes) |
|
- |
- |
|
|
Class
Inception |
1
Year |
5
Years |
Since
Inception |
Class
R6 before
tax |
|
- |
- |
- |
Bloomberg
GNMA
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 |
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 |
|
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 February 1, 2023 | 8 | DWS High Income 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 |
|
- |
|
|
ICE
BofA US High Yield
Index
(reflects no
deduc-
tion for
fees, expenses
or
taxes) |
|
- |
|
|
|
Class
Inception |
1
Year |
5
Years |
Since
Inception |
Class
R6 before
tax |
|
- |
|
|
ICE
BofA US High Yield
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 |
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 |
|
A |
C |
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 |
R6 |
INST |
S |
Management
fee |
|
|
|
|
|
Distribution/service
(12b-1) fees |
|
|
|
|
|
Other
expenses |
|
|
|
|
|
Total
annual fund operating
expenses |
|
|
|
|
|
Fee
waiver/expense reimbursement |
|
|
|
|
|
Total
annual fund operating
expenses
after fee waiver/expense
reimbursement |
|
|
|
|
|
Prospectus February 1, 2023 | 15 | DWS Global High Income Fund |
Years |
A |
C |
R6 |
INST |
S |
1 |
$ |
$ |
$ |
$ |
$ |
3 |
|
|
|
|
|
5 |
|
|
|
|
|
10 |
|
|
|
|
|
Years |
A |
C |
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 |
|
- |
|
|
INST
Class before
tax |
|
- |
|
|
Class
S before
tax |
|
- |
|
|
ICE
Bank of America
Non-Financial
Devel-
oped
Markets High Yield
Constrained
(Hedged )
Index
(reflects no
deduc-
tion for
fees, expenses
or
taxes) |
|
- |
|
|
|
Class
Inception |
1
Year |
5
Years |
Since
Inception |
Class
R6 before
tax |
|
- |
|
|
ICE
Bank of America
Non-Financial
Devel-
oped
Markets High Yield
Constrained
(Hedged )
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 |
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 |
|
A |
C |
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 |
R6 |
INST |
S |
Management
fee |
|
|
|
|
|
Distribution/service
(12b-1) fees |
|
|
|
|
|
Other
expenses |
|
|
|
|
|
Total
annual fund operating
expenses |
|
|
|
|
|
Fee
waiver/expense reimbursement |
|
|
|
|
|
Total
annual fund operating
expenses
after fee waiver/expense
reimbursement |
|
|
|
|
|
Prospectus February 1, 2023 | 23 | DWS Short Duration Fund |
Years |
A |
C |
R6 |
INST |
S |
1 |
$ |
$ |
$ |
$ |
$ |
3 |
|
|
|
|
|
5 |
|
|
|
|
|
10 |
|
|
|
|
|
Years |
A |
C |
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 |
|
- |
|
|
INST
Class before
tax |
|
- |
|
|
Class
S before
tax |
|
- |
|
|
Bloomberg
1-3
Year
Government/
Credit®
Index (reflects
no deduction
for fees,
expenses or
taxes) |
|
- |
|
|
|
Class
Inception |
1
Year |
5
Years |
Since
Inception |
Class
R6 before
tax |
|
- |
|
|
Bloomberg
1-3
Year
Government/
Credit®
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 |
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 February 1, 2023 | 31 | Fund Details |
Fund
Name |
Fee
Paid |
DWS GNMA
Fund |
0.314% |
DWS High
Income Fund |
0.461% |
DWS Global
High Income
Fund |
0.376%* |
DWS Short
Duration Fund |
0.322% |
Prospectus February 1, 2023 | 58 | Investing in the Funds |
Classes
and features |
Points
to help you compare |
Class
A |
|
◾Sales charge
of up to 4.50%
(DWS High
Income Fund and
DWS Global
High Income
Fund), 2.75%
(DWS GNMA
Fund) or
2.25% (DWS Short
Duration
Fund) 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
◾The sales
charge applicable to
other DWS
funds will apply for
exchanges
from Class A of
DWS Short
Duration Fund into
Class A of
other DWS funds if
the Class A
shares of DWS
Short
Duration Fund were
purchased
during the period
beginning
February 11,
2019 and
ending on July 14,
2020, when
DWS Short Dura-
tion Fund did
not charge a
front-end
sales charge |
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 |
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 |
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 |
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 |
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 |
2.25% |
2.30% |
$100,000–$249,999 |
1.75 |
1.78 |
$250,000 or
more |
see below3 |
see below3 |
Year
after you bought shares |
CDSC
on shares you sell |
First
year |
1.00% |
Second
year and later |
None |
Type |
Address |
Expedited
mail |
|
All
Requests |
DWS
430 West 7th
Street
Suite
219151
Kansas City,
MO 64105-1407 |
Regular
mail |
|
All
Requests |
DWS
P.O. Box
219151
Kansas City,
MO 64121-9151 |
|
Non-IRA |
IRAs |
UGMAs/
UTMAs |
Automatic
Investment
Plans |
A
C |
1,000 |
500 |
1,000 |
500 |
INST |
1,000,000 |
N/A |
N/A |
N/A |
S |
2,500 |
1,000 |
1,000 |
1,000 |
Bank
name |
State
Street Bank Boston |
Routing
Number |
011000028 |
Attention |
DWS |
DDA
Number |
9903-5552 |
FBO |
(Account
name) (Account number) |
Credit |
(Fund
name, Fund number and, if
applicable,
class name) |
Class |
Exchanging
into Another Fund ($) |
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
a fund for more than one
year
◾qualified
dividend income |
◾gains
from the sale of securi-
ties
held (or treated as held)
by
a 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
GNMA Fund — Class A | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$13.68 |
$13.88 |
$13.81 |
$13.22 |
$13.72 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.06 |
.06 |
.21 |
.32 |
.25 |
Net realized
and unrealized gain (loss) |
(1.95) |
(.07) |
.17 |
.64 |
(.42) |
Total
from investment operations |
(1.89) |
(.01) |
.38 |
.96 |
(.17) |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.14) |
(.19) |
(.31) |
(.37) |
(.33) |
Net
asset value, end of period |
$11.65 |
$13.68 |
$13.88 |
$13.81 |
$13.22 |
Total Return
(%)b |
(13.87) |
(.10) |
2.75 |
7.40 |
(1.23) |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
406 |
546 |
587 |
623 |
663 |
Ratio of
expenses (%) |
.81 |
.78 |
.79 |
.79 |
.81 |
Ratio of net
investment income (%) |
.49 |
.44 |
1.54 |
2.37 |
1.88 |
Portfolio
turnover rate (%) |
532 |
539 |
369 |
317 |
396 |
a |
Based
on average shares outstanding during the period. |
b |
Total
return does not reflect the effect of any sales
charges. |
Prospectus February 1, 2023 | 78 | Financial Highlights |
DWS
GNMA Fund — Class C | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$13.68 |
$13.89 |
$13.81 |
$13.22 |
$13.73 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)a |
(.03) |
(.04) |
.10 |
.21 |
.15 |
Net realized
and unrealized gain (loss) |
(1.95) |
(.09) |
.18 |
.65 |
(.43) |
Total
from investment operations |
(1.98) |
(.13) |
.28 |
.86 |
(.28) |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.04) |
(.08) |
(.20) |
(.27) |
(.23) |
Net
asset value, end of period |
$11.66 |
$13.68 |
$13.89 |
$13.81 |
$13.22 |
Total Return
(%)b |
(14.49) |
(.97) |
1.94 |
6.62 |
(2.07) |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
5 |
6 |
18 |
21 |
26 |
Ratio of
expenses (%) |
1.55 |
1.60 |
1.58 |
1.57 |
1.60 |
Ratio of net
investment income (loss) (%) |
(.26) |
(.31) |
.75 |
1.59 |
1.08 |
Portfolio
turnover rate (%) |
532 |
539 |
369 |
317 |
396 |
a |
Based
on average shares outstanding during the period. |
b |
Total
return does not reflect the effect of any sales
charges. |
Prospectus February 1, 2023 | 79 | Financial Highlights |
DWS
GNMA Fund — Class R | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data |
|
|
|
|
|
Net
asset value, beginning of period |
$13.70 |
$13.91 |
$13.82 |
$13.24 |
$13.74 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.00* |
.01 |
.17 |
.27 |
.21 |
Net realized
and unrealized gain (loss) |
(1.93) |
(.08) |
.18 |
.64 |
(.42) |
Total
from investment operations |
(1.93) |
(.07) |
.35 |
.91 |
(.21) |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.10) |
(.14) |
(.26) |
(.33) |
(.29) |
Net
asset value, end of period |
$11.67 |
$13.70 |
$13.91 |
$13.82 |
$13.24 |
Total Return
(%)b |
(14.16) |
(.52) |
2.48 |
7.03 |
(1.55) |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
.3 |
1 |
1 |
1 |
2 |
Ratio of
expenses before expense reductions (%) |
1.21 |
1.21 |
1.17 |
1.22 |
1.25 |
Ratio of
expenses after expense reductions (%) |
1.13 |
1.16 |
1.12 |
1.13 |
1.15 |
Ratio of net
investment income (%) |
.03 |
.07 |
1.24 |
2.03 |
1.53 |
Portfolio
turnover rate (%) |
532 |
539 |
369 |
317 |
396 |
a |
Based on
average shares outstanding during the period. |
b |
Total return
would have been lower had certain expenses not been
reduced. |
* |
Amount is
less than $.005. |
Prospectus February 1, 2023 | 80 | Financial Highlights |
DWS
GNMA Fund — Class R6 | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data |
|
|
|
|
|
Net
asset value, beginning of period |
$13.70 |
$13.90 |
$13.82 |
$13.23 |
$13.73 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.11 |
.10 |
.25 |
.36 |
.25 |
Net realized
and unrealized gain (loss) |
(1.96) |
(.07) |
.18 |
.64 |
(.39) |
Total
from investment operations |
(1.85) |
.03 |
.43 |
1.00 |
(.14) |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.19) |
(.23) |
(.35) |
(.41) |
(.36) |
Net
asset value, end of period |
$11.66 |
$13.70 |
$13.90 |
$13.82 |
$13.23 |
Total Return
(%) |
(13.65) |
.21 |
3.15 |
7.71 |
(1.05)b |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ thousands) |
729 |
929 |
824 |
658 |
557 |
Ratio of
expenses before expense reductions (%) |
.48 |
.46 |
.47 |
.48 |
.49 |
Ratio of
expenses after expense reductions (%) |
.48 |
.46 |
.47 |
.48 |
.49 |
Ratio of net
investment income (%) |
.82 |
.75 |
1.81 |
2.67 |
1.91 |
Portfolio
turnover rate (%) |
532 |
539 |
369 |
317 |
396 |
a |
Based
on average shares outstanding during the period. |
b |
Total
return would have been lower had certain expenses not been
reduced. |
Prospectus February 1, 2023 | 81 | Financial Highlights |
DWS
GNMA Fund — Institutional Class | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$13.69 |
$13.89 |
$13.81 |
$13.22 |
$13.73 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.09 |
.09 |
.23 |
.35 |
.28 |
Net realized
and unrealized gain (loss) |
(1.95) |
(.07) |
.19 |
.64 |
(.43) |
Total
from investment operations |
(1.86) |
.02 |
.42 |
.99 |
(.15) |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.17) |
(.22) |
(.34) |
(.40) |
(.36) |
Net
asset value, end of period |
$11.66 |
$13.69 |
$13.89 |
$13.81 |
$13.22 |
Total Return
(%) |
(13.74) |
.15 |
3.01 |
7.72 |
(1.08) |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
19 |
46 |
56 |
14 |
19 |
Ratio of
expenses (%) |
.55 |
.56 |
.52 |
.54 |
.58 |
Ratio of net
investment income (%) |
.67 |
.66 |
1.68 |
2.63 |
2.10 |
Portfolio
turnover rate (%) |
532 |
539 |
369 |
317 |
396 |
a |
Based
on average shares outstanding during the
period. |
Prospectus February 1, 2023 | 82 | Financial Highlights |
DWS
GNMA Fund — Class S | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$13.70 |
$13.91 |
$13.83 |
$13.24 |
$13.75 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.09 |
.09 |
.25 |
.35 |
.29 |
Net realized
and unrealized gain (loss) |
(1.95) |
(.08) |
.17 |
.65 |
(.44) |
Total
from investment operations |
(1.86) |
.01 |
.42 |
1.00 |
(.15) |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.17) |
(.22) |
(.34) |
(.41) |
(.36) |
Net
asset value, end of period |
$11.67 |
$13.70 |
$13.91 |
$13.83 |
$13.24 |
Total Return
(%) |
(13.67) |
.05 |
3.07 |
7.64 |
(1.07) |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
504 |
681 |
789 |
845 |
905 |
Ratio of
expenses (%) |
.58 |
.57 |
.55 |
.56 |
.57 |
Ratio of net
investment income (%) |
.72 |
.66 |
1.79 |
2.60 |
2.12 |
Portfolio
turnover rate (%) |
532 |
539 |
369 |
317 |
396 |
a |
Based
on average shares outstanding during the
period. |
Prospectus February 1, 2023 | 83 | Financial Highlights |
DWS
High Income Fund — Class A | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$4.84 |
$4.65 |
$4.75 |
$4.67 |
$4.81 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.20 |
.20 |
.21 |
.23 |
.24 |
Net realized
and unrealized gain (loss) |
(.78) |
.21 |
(.09) |
.09 |
(.13) |
Total
from investment operations |
(.58) |
.41 |
.12 |
.32 |
.11 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.22) |
(.22) |
(.22) |
(.24) |
(.25) |
Net
asset value, end of period |
$4.04 |
$4.84 |
$4.65 |
$4.75 |
$4.67 |
Total Return
(%)b |
(12.38) |
8.84 |
2.72 |
7.10 |
2.31 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
444 |
579 |
588 |
646 |
692 |
Ratio of
expenses (%) |
.96 |
.94 |
.95 |
.96 |
.95 |
Ratio of net
investment income (%) |
4.34 |
4.21 |
4.60 |
4.90 |
5.06 |
Portfolio
turnover rate (%) |
37 |
68 |
97 |
77 |
64 |
a |
Based on
average shares outstanding during the period. |
b |
Total return
does not reflect the effect of any sales
charges. |
Prospectus February 1, 2023 | 84 | Financial Highlights |
DWS
High Income Fund — Class C | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$4.85 |
$4.66 |
$4.76 |
$4.67 |
$4.82 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.16 |
.17 |
.18 |
.19 |
.20 |
Net realized
and unrealized gain (loss) |
(.78) |
.20 |
(.10) |
.10 |
(.14) |
Total
from investment operations |
(.62) |
.37 |
.08 |
.29 |
.06 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.18) |
(.18) |
(.18) |
(.20) |
(.21) |
Net
asset value, end of period |
$4.05 |
$4.85 |
$4.66 |
$4.76 |
$4.67 |
Total Return
(%)b |
(13.04)c |
7.97 |
1.91 |
6.26 |
1.31 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
6 |
9 |
16 |
22 |
30 |
Ratio of
expenses before expense reductions (%) |
1.76 |
1.73 |
1.74 |
1.74 |
1.70 |
Ratio of
expenses after expense reductions (%) |
1.75 |
1.73 |
1.74 |
1.74 |
1.70 |
Ratio of net
investment income (%) |
3.52 |
3.44 |
3.80 |
4.13 |
4.30 |
Portfolio
turnover rate (%) |
37 |
68 |
97 |
77 |
64 |
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 February 1, 2023 | 85 | Financial Highlights |
DWS
High Income Fund — Class R | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data |
|
|
|
|
|
Net
asset value, beginning of period |
$4.84 |
$4.65 |
$4.75 |
$4.66 |
$4.81 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.18 |
.19 |
.20 |
.21 |
.22 |
Net realized
and unrealized gain (loss) |
(.78) |
.20 |
(.10) |
.10 |
(.14) |
Total
from investment operations |
(.60) |
.39 |
.10 |
.31 |
.08 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.20) |
(.20) |
(.20) |
(.22) |
(.23) |
Net
asset value, end of period |
$4.04 |
$4.84 |
$4.65 |
$4.75 |
$4.66 |
Total Return
(%)b |
(12.66) |
8.49 |
2.38 |
6.73 |
1.73 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
2 |
1 |
3 |
1.5 |
.9 |
Ratio of
expenses before expense reductions (%) |
1.38 |
1.37 |
1.33 |
1.37 |
1.40 |
Ratio of
expenses after expense reductions (%) |
1.25 |
1.27 |
1.27 |
1.29 |
1.30 |
Ratio of net
investment income (%) |
4.11 |
3.89 |
4.28 |
4.55 |
4.71 |
Portfolio
turnover rate (%) |
37 |
68 |
97 |
77 |
64 |
a |
Based on
average shares outstanding during the period. |
b |
Total return
would have been lower had certain expenses not been
reduced. |
Prospectus February 1, 2023 | 86 | Financial Highlights |
DWS
High Income Fund — Class R6 | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data |
|
|
|
|
|
Net
asset value, beginning of period |
$4.84 |
$4.66 |
$4.76 |
$4.67 |
$4.82 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.21 |
.21 |
.22 |
.24 |
.25 |
Net realized
and unrealized gain (loss) |
(.78) |
.20 |
(.09) |
.10 |
(.14) |
Total
from investment operations |
(.57) |
.41 |
.13 |
.34 |
.11 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.23) |
(.23) |
(.23) |
(.25) |
(.26) |
Net
asset value, end of period |
$4.04 |
$4.84 |
$4.66 |
$4.76 |
$4.67 |
Total Return
(%) |
(12.11) |
8.91 |
3.01 |
7.39 |
2.37 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ thousands) |
662 |
698 |
150 |
101 |
46 |
Ratio of
expenses (%) |
.66 |
.65 |
.69 |
.69 |
.70 |
Ratio of net
investment income (%) |
4.65 |
4.43 |
4.85 |
5.14 |
5.31 |
Portfolio
turnover rate (%) |
37 |
68 |
97 |
77 |
64 |
a |
Based on
average shares outstanding during the
period. |
Prospectus February 1, 2023 | 87 | Financial Highlights |
DWS
High Income Fund — Institutional Class | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$4.85 |
$4.66 |
$4.76 |
$4.67 |
$4.82 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.21 |
.21 |
.22 |
.24 |
.25 |
Net realized
and unrealized gain (loss) |
(.78) |
.21 |
(.09) |
.10 |
(.14) |
Total
from investment operations |
(.57) |
.42 |
.13 |
.34 |
.11 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.23) |
(.23) |
(.23) |
(.25) |
(.26) |
Net
asset value, end of period |
$4.05 |
$4.85 |
$4.66 |
$4.76 |
$4.67 |
Total Return
(%) |
(12.15) |
9.09 |
2.96 |
7.35 |
2.34 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
85 |
171 |
154 |
104 |
80 |
Ratio of
expenses (%) |
.71 |
.73 |
.71 |
.73 |
.72 |
Ratio of net
investment income (%) |
4.54 |
4.41 |
4.82 |
5.11 |
5.28 |
Portfolio
turnover rate (%) |
37 |
68 |
97 |
77 |
64 |
a |
Based on
average shares outstanding during the
period. |
Prospectus February 1, 2023 | 88 | Financial Highlights |
DWS
High Income Fund — Class S | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$4.85 |
$4.66 |
$4.76 |
$4.67 |
$4.82 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.21 |
.21 |
.22 |
.24 |
.25 |
Net realized
and unrealized gain (loss) |
(.78) |
.21 |
(.09) |
.10 |
(.15) |
Total
from investment operations |
(.57) |
.42 |
.13 |
.34 |
.10 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.23) |
(.23) |
(.23) |
(.25) |
(.25) |
Net
asset value, end of period |
$4.05 |
$4.85 |
$4.66 |
$4.76 |
$4.67 |
Total Return
(%) |
(12.17)b |
9.05b |
2.91 |
7.27 |
2.26 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
38 |
38 |
32 |
25 |
22 |
Ratio of
expenses before expense reductions (%) |
.78 |
.78 |
.76 |
.76 |
.79 |
Ratio of
expenses after expense reductions (%) |
.75 |
.77 |
.76 |
.76 |
.79 |
Ratio of net
investment income (%) |
4.57 |
4.38 |
4.77 |
5.09 |
5.20 |
Portfolio
turnover rate (%) |
37 |
68 |
97 |
77 |
64 |
a |
Based on
average shares outstanding during the period. |
b |
Total return
would have been lower had certain expenses not been
reduced. |
Prospectus February 1, 2023 | 89 | Financial Highlights |
DWS
Global High Income Fund — Class A | |||||
|
Years Ended
October 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$6.92 |
$6.71 |
$6.88 |
$6.63 |
$6.94 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.29 |
.29 |
.31 |
.32 |
.33 |
Net realized
and unrealized gain (loss) |
(1.04) |
.22 |
(.15) |
.31 |
(.31) |
Total
from investment operations |
(.75) |
.51 |
.16 |
.63 |
.02 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.29) |
(.30) |
(.29) |
(.32) |
(.33) |
Net realized
gains |
(.03) |
— |
(.02) |
(.06) |
— |
Return of
capital |
— |
— |
(.02) |
— |
— |
Total
distributions |
(.32) |
(.30) |
(.33) |
(.38) |
(.33) |
Net
asset value, end of period |
$5.85 |
$6.92 |
$6.71 |
$6.88 |
$6.63 |
Total Return
(%)b,c |
(11.06) |
7.63 |
2.44 |
9.94 |
.31 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
28 |
35 |
32 |
35 |
34 |
Ratio of
expenses before expense reductions (%) |
.94 |
.92 |
.94 |
.95 |
.94 |
Ratio of
expenses after expense reductions (%) |
.85 |
.85 |
.85 |
.85 |
.85 |
Ratio of net
investment income (%) |
4.55 |
4.15 |
4.50 |
4.81 |
4.85 |
Portfolio
turnover rate (%) |
25 |
69 |
92 |
74 |
73 |
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 February 1, 2023 | 90 | Financial Highlights |
DWS
Global High Income Fund — Class C | |||||
|
Years Ended
October 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$6.95 |
$6.74 |
$6.91 |
$6.65 |
$6.97 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.24 |
.24 |
.26 |
.27 |
.28 |
Net realized
and unrealized gain (loss) |
(1.04) |
.22 |
(.15) |
.32 |
(.32) |
Total
from investment operations |
(.80) |
.46 |
.11 |
.59 |
(.04) |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.25) |
(.25) |
(.25) |
(.27) |
(.28) |
Net realized
gains |
(.03) |
— |
(.02) |
(.06) |
— |
Return of
capital |
— |
— |
(.01) |
— |
— |
Total
distributions |
(.28) |
(.25) |
(.28) |
(.33) |
(.28) |
Net
asset value, end of period |
$5.87 |
$6.95 |
$6.74 |
$6.91 |
$6.65 |
Total Return
(%)b,c |
(11.79) |
6.81 |
1.69 |
9.27 |
(.57) |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
13 |
19 |
22 |
20 |
21 |
Ratio of
expenses before expense reductions (%) |
1.67 |
1.67 |
1.67 |
1.71 |
1.71 |
Ratio of
expenses after expense reductions (%) |
1.60 |
1.60 |
1.60 |
1.60 |
1.60 |
Ratio of net
investment income (%) |
3.78 |
3.41 |
3.75 |
4.06 |
4.10 |
Portfolio
turnover rate (%) |
25 |
69 |
92 |
74 |
73 |
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 February 1, 2023 | 91 | Financial Highlights |
DWS
Global High Income Fund — Class R6 | |||||
|
Years Ended
October 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data |
|
|
|
|
|
Net
asset value, beginning of period |
$6.89 |
$6.68 |
$6.86 |
$6.60 |
$6.92 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.31 |
.31 |
.33 |
.34 |
.35 |
Net realized
and unrealized gain (loss) |
(1.04) |
.22 |
(.16) |
.32 |
(.32) |
Total
from investment operations |
(.73) |
.53 |
.17 |
.66 |
.03 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.31) |
(.32) |
(.31) |
(.34) |
(.35) |
Net realized
gains |
(.03) |
— |
(.02) |
(.06) |
— |
Return of
capital |
— |
— |
(.02) |
— |
— |
Total
distributions |
(.34) |
(.32) |
(.35) |
(.40) |
(.35) |
Net
asset value, end of period |
$5.82 |
$6.89 |
$6.68 |
$6.86 |
$6.60 |
Total Return
(%)b |
(10.84) |
7.95 |
2.60 |
10.44 |
.44 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
1 |
2 |
3 |
2 |
1 |
Ratio of
expenses before expense reductions (%) |
.58 |
.60 |
1.06 |
.61 |
.60 |
Ratio of
expenses after expense reductions (%) |
.55 |
.55 |
.55 |
.55 |
.55 |
Ratio of net
investment income (%) |
4.85 |
4.48 |
4.80 |
5.07 |
5.18 |
Portfolio
turnover rate (%) |
25 |
69 |
92 |
74 |
73 |
a |
Based on
average shares outstanding during the period. |
b |
Total return
would have been lower had certain expenses not been
reduced. |
Prospectus February 1, 2023 | 92 | Financial Highlights |
DWS
Global High Income Fund — Institutional Class | |||||
|
Years Ended
October 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$6.90 |
$6.69 |
$6.86 |
$6.60 |
$6.92 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.30 |
.30 |
.32 |
.34 |
.35 |
Net realized
and unrealized gain (loss) |
(1.03) |
.22 |
(.15) |
.32 |
(.32) |
Total
from investment operations |
(.73) |
.52 |
.17 |
.66 |
.03 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.31) |
(.31) |
(.30) |
(.34) |
(.35) |
Net realized
gains |
(.03) |
— |
(.02) |
(.06) |
— |
Return of
capital |
— |
— |
(.02) |
— |
— |
Total
distributions |
(.34) |
(.31) |
(.34) |
(.40) |
(.35) |
Net
asset value, end of period |
$5.83 |
$6.90 |
$6.69 |
$6.86 |
$6.60 |
Total Return
(%)b |
(10.86) |
7.91 |
2.70 |
10.40 |
.40 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
183 |
379 |
317 |
139 |
60 |
Ratio of
expenses before expense reductions (%) |
.67 |
.67 |
.68 |
.69 |
.68 |
Ratio of
expenses after expense reductions (%) |
.60 |
.60 |
.60 |
.60 |
.60 |
Ratio of net
investment income (%) |
4.75 |
4.40 |
4.74 |
4.99 |
5.10 |
Portfolio
turnover rate (%) |
25 |
69 |
92 |
74 |
73 |
a |
Based on
average shares outstanding during the period. |
b |
Total return
would have been lower had certain expenses not been
reduced. |
Prospectus February 1, 2023 | 93 | Financial Highlights |
DWS
Global High Income Fund — Class S | |||||
|
Years Ended
October 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$6.96 |
$6.75 |
$6.92 |
$6.66 |
$6.98 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.30 |
.30 |
.32 |
.34 |
.35 |
Net realized
and unrealized gain (loss) |
(1.04) |
.22 |
(.15) |
.32 |
(.32) |
Total
from investment operations |
(.74) |
.52 |
.17 |
.66 |
.03 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.31) |
(.31) |
(.30) |
(.34) |
(.35) |
Net realized
gains |
(.03) |
— |
(.02) |
(.06) |
— |
Return of
capital |
— |
— |
(.02) |
— |
— |
Total
distributions |
(.34) |
(.31) |
(.34) |
(.40) |
(.35) |
Net
asset value, end of period |
$5.88 |
$6.96 |
$6.75 |
$6.92 |
$6.66 |
Total Return
(%)b |
(10.92) |
7.82 |
2.66 |
10.30 |
.38 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
147 |
210 |
239 |
304 |
298 |
Ratio of
expenses before expense reductions (%) |
.74 |
.74 |
.74 |
.76 |
.77 |
Ratio of
expenses after expense reductions (%) |
.65 |
.65 |
.65 |
.65 |
.65 |
Ratio of net
investment income (%) |
4.73 |
4.35 |
4.70 |
5.00 |
5.05 |
Portfolio
turnover rate (%) |
25 |
69 |
92 |
74 |
73 |
a |
Based on
average shares outstanding during the period. |
b |
Total return
would have been lower had certain expenses not been
reduced. |
Prospectus February 1, 2023 | 94 | Financial Highlights |
DWS
Short Duration Fund — Class A | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$8.81 |
$8.78 |
$8.69 |
$8.54 |
$8.69 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.14 |
.15 |
.19 |
.21 |
.20 |
Net realized
and unrealized gain (loss) |
(.69) |
.05 |
.11 |
.18 |
(.14) |
Total
from investment operations |
(.55) |
.20 |
.30 |
.39 |
.06 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.18) |
(.17) |
(.21) |
(.24) |
(.21) |
Net
asset value, end of period |
$8.08 |
$8.81 |
$8.78 |
$8.69 |
$8.54 |
Total Return
(%)b,c |
(6.32) |
2.32 |
3.50 |
4.64 |
.73 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
215 |
275 |
262 |
227 |
149 |
Ratio of
expenses before expense reductions (%) |
.85 |
.85 |
.85 |
.87 |
.88 |
Ratio of
expenses after expense reductions (%) |
.75 |
.78 |
.77 |
.79 |
.79 |
Ratio of net
investment income (%) |
1.68 |
1.64 |
2.20 |
2.48 |
2.29 |
Portfolio
turnover rate (%) |
41 |
62 |
75 |
51 |
40 |
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 February 1, 2023 | 95 | Financial Highlights |
DWS
Short Duration Fund — Class C | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$8.81 |
$8.77 |
$8.68 |
$8.53 |
$8.68 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.08 |
.08 |
.12 |
.15 |
.13 |
Net realized
and unrealized gain (loss) |
(.70) |
.06 |
.11 |
.18 |
(.13) |
Total
from investment operations |
(.62) |
.14 |
.23 |
.33 |
.00* |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.11) |
(.10) |
(.14) |
(.18) |
(.15) |
Net
asset value, end of period |
$8.08 |
$8.81 |
$8.77 |
$8.68 |
$8.53 |
Total Return
(%)b,c |
(7.06) |
1.63 |
2.72 |
3.87 |
(.03) |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
11 |
20 |
33 |
53 |
63 |
Ratio of
expenses before expense reductions (%) |
1.61 |
1.59 |
1.60 |
1.63 |
1.63 |
Ratio of
expenses after expense reductions (%) |
1.50 |
1.53 |
1.52 |
1.54 |
1.54 |
Ratio of net
investment income (%) |
.90 |
.92 |
1.44 |
1.74 |
1.53 |
Portfolio
turnover rate (%) |
41 |
62 |
75 |
51 |
40 |
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. |
* |
Amount
is less than $.005. |
Prospectus February 1, 2023 | 96 | Financial Highlights |
DWS
Short Duration Fund — Class R6 | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data |
|
|
|
|
|
Net
asset value, beginning of period |
$8.82 |
$8.79 |
$8.70 |
$8.55 |
$8.70 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.17 |
.17 |
.21 |
.24 |
.22 |
Net realized
and unrealized gain (loss) |
(.70) |
.06 |
.11 |
.17 |
(.14) |
Total
from investment operations |
(.53) |
.23 |
.32 |
.41 |
.08 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.20) |
(.20) |
(.23) |
(.26) |
(.23) |
Net
asset value, end of period |
$8.09 |
$8.82 |
$8.79 |
$8.70 |
$8.55 |
Total Return
(%) |
(6.02)b |
2.61b |
3.76 |
4.90 |
.98b |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
2 |
2 |
2 |
2 |
.139 |
Ratio of
expenses before expense reductions (%) |
.51 |
.51 |
.52 |
.53 |
.57 |
Ratio of
expenses after expense reductions (%) |
.46 |
.51 |
.52 |
.53 |
.54 |
Ratio of net
investment income (%) |
1.99 |
1.91 |
2.45 |
2.77 |
2.52 |
Portfolio
turnover rate (%) |
41 |
62 |
75 |
51 |
40 |
a |
Based
on average shares outstanding during the period. |
b |
Total
return would have been lower had certain expenses not been
reduced. |
Prospectus February 1, 2023 | 97 | Financial Highlights |
DWS
Short Duration Fund — Institutional Class | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$8.82 |
$8.78 |
$8.70 |
$8.55 |
$8.70 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.17 |
.17 |
.21 |
.24 |
.22 |
Net realized
and unrealized gain (loss) |
(.69) |
.07 |
.10 |
.17 |
(.14) |
Total
from investment operations |
(.52) |
.24 |
.31 |
.41 |
.08 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.21) |
(.20) |
(.23) |
(.26) |
(.23) |
Net
asset value, end of period |
$8.09 |
$8.82 |
$8.78 |
$8.70 |
$8.55 |
Total Return
(%)b |
(6.02) |
2.70 |
3.64 |
4.90 |
.98 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
522 |
634 |
435 |
223 |
129 |
Ratio of
expenses before expense reductions (%) |
.60 |
.60 |
.61 |
.61 |
.64 |
Ratio of
expenses after expense reductions (%) |
.46 |
.53 |
.52 |
.54 |
.54 |
Ratio of net
investment income (%) |
1.98 |
1.88 |
2.45 |
2.74 |
2.55 |
Portfolio
turnover rate (%) |
41 |
62 |
75 |
51 |
40 |
a |
Based
on average shares outstanding during the period. |
b |
Total
return would have been lower had certain expenses not been
reduced. |
Prospectus February 1, 2023 | 98 | Financial Highlights |
DWS
Short Duration Fund — Class S | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$8.84 |
$8.80 |
$8.71 |
$8.56 |
$8.72 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.17 |
.17 |
.21 |
.24 |
.22 |
Net realized
and unrealized gain (loss) |
(.71) |
.07 |
.11 |
.17 |
(.15) |
Total
from investment operations |
(.54) |
.24 |
.32 |
.41 |
.07 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.20) |
(.20) |
(.23) |
(.26) |
(.23) |
Net
asset value, end of period |
$8.10 |
$8.84 |
$8.80 |
$8.71 |
$8.56 |
Total Return
(%)b |
(6.16) |
2.70 |
3.75 |
4.90 |
.87 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
311 |
377 |
376 |
554 |
552 |
Ratio of
expenses before expense reductions (%) |
.68 |
.66 |
.66 |
.68 |
.69 |
Ratio of
expenses after expense reductions (%) |
.50 |
.53 |
.52 |
.54 |
.54 |
Ratio of net
investment income (%) |
1.94 |
1.89 |
2.44 |
2.74 |
2.55 |
Portfolio
turnover rate (%) |
41 |
62 |
75 |
51 |
40 |
a |
Based
on average shares outstanding during the period. |
b |
Total
return would have been lower had certain expenses not been
reduced. |
Prospectus February 1, 2023 | 99 | 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% |
0.81% |
1.32% |
$10,132.48 |
$355.42 |
2 |
10.25% |
0.81% |
5.57% |
$10,557.03 |
$83.79 |
3 |
15.76% |
0.81% |
9.99% |
$10,999.37 |
$87.30 |
4 |
21.55% |
0.81% |
14.60% |
$11,460.24 |
$90.96 |
5 |
27.63% |
0.81% |
19.40% |
$11,940.43 |
$94.77 |
6 |
34.01% |
0.81% |
24.41% |
$12,440.73 |
$98.74 |
7 |
40.71% |
0.81% |
29.62% |
$12,962.00 |
$102.88 |
8 |
47.75% |
0.81% |
35.05% |
$13,505.10 |
$107.19 |
9 |
55.13% |
0.81% |
40.71% |
$14,070.97 |
$111.68 |
10 |
62.89% |
0.81% |
46.61% |
$14,660.54 |
$116.36 |
Total |
$1,249.09 |
Prospectus February 1, 2023 | 100 | 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% |
1.55% |
7.02% |
$10,701.90 |
$163.11 |
3 |
15.76% |
1.55% |
10.71% |
$11,071.12 |
$168.74 |
4 |
21.55% |
1.55% |
14.53% |
$11,453.07 |
$174.56 |
5 |
27.63% |
1.55% |
18.48% |
$11,848.20 |
$180.58 |
6 |
34.01% |
1.55% |
22.57% |
$12,256.97 |
$186.82 |
7 |
40.71% |
1.55% |
26.80% |
$12,679.83 |
$193.26 |
8 |
47.75% |
1.55% |
31.17% |
$13,117.29 |
$199.93 |
9 |
55.13% |
0.81% |
36.67% |
$13,666.90 |
$108.48 |
10 |
62.89% |
0.81% |
42.40% |
$14,239.54 |
$113.02 |
Total |
$1,646.17 |
|
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% |
1.12% |
3.88% |
$10,388.00 |
$114.17 |
2 |
10.25% |
1.21% |
7.82% |
$10,781.71 |
$128.08 |
3 |
15.76% |
1.21% |
11.90% |
$11,190.33 |
$132.93 |
4 |
21.55% |
1.21% |
16.14% |
$11,614.45 |
$137.97 |
5 |
27.63% |
1.21% |
20.55% |
$12,054.63 |
$143.20 |
6 |
34.01% |
1.21% |
25.12% |
$12,511.50 |
$148.63 |
7 |
40.71% |
1.21% |
29.86% |
$12,985.69 |
$154.26 |
8 |
47.75% |
1.21% |
34.78% |
$13,477.85 |
$160.10 |
9 |
55.13% |
1.21% |
39.89% |
$13,988.66 |
$166.17 |
10 |
62.89% |
1.21% |
45.19% |
$14,518.83 |
$172.47 |
Total |
$1,457.98 |
Prospectus February 1, 2023 | 101 | 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% |
0.48% |
4.52% |
$10,452.00 |
$49.08 |
2 |
10.25% |
0.48% |
9.24% |
$10,924.43 |
$51.30 |
3 |
15.76% |
0.48% |
14.18% |
$11,418.21 |
$53.62 |
4 |
21.55% |
0.48% |
19.34% |
$11,934.32 |
$56.05 |
5 |
27.63% |
0.48% |
24.74% |
$12,473.75 |
$58.58 |
6 |
34.01% |
0.48% |
30.38% |
$13,037.56 |
$61.23 |
7 |
40.71% |
0.48% |
36.27% |
$13,626.86 |
$63.99 |
8 |
47.75% |
0.48% |
42.43% |
$14,242.79 |
$66.89 |
9 |
55.13% |
0.48% |
48.87% |
$14,886.57 |
$69.91 |
10 |
62.89% |
0.48% |
55.59% |
$15,559.44 |
$73.07 |
Total |
$603.72 |
|
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% |
0.55% |
9.10% |
$10,909.80 |
$58.73 |
3 |
15.76% |
0.55% |
13.95% |
$11,395.29 |
$61.34 |
4 |
21.55% |
0.55% |
19.02% |
$11,902.38 |
$64.07 |
5 |
27.63% |
0.55% |
24.32% |
$12,432.03 |
$66.92 |
6 |
34.01% |
0.55% |
29.85% |
$12,985.26 |
$69.90 |
7 |
40.71% |
0.55% |
35.63% |
$13,563.10 |
$73.01 |
8 |
47.75% |
0.55% |
41.67% |
$14,166.66 |
$76.26 |
9 |
55.13% |
0.55% |
47.97% |
$14,797.08 |
$79.65 |
10 |
62.89% |
0.55% |
54.56% |
$15,455.55 |
$83.19 |
Total |
$689.29 |
Prospectus February 1, 2023 | 102 | 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% |
0.58% |
4.42% |
$10,442.00 |
$59.28 |
2 |
10.25% |
0.58% |
9.04% |
$10,903.54 |
$61.90 |
3 |
15.76% |
0.58% |
13.85% |
$11,385.47 |
$64.64 |
4 |
21.55% |
0.58% |
18.89% |
$11,888.71 |
$67.50 |
5 |
27.63% |
0.58% |
24.14% |
$12,414.19 |
$70.48 |
6 |
34.01% |
0.58% |
29.63% |
$12,962.90 |
$73.59 |
7 |
40.71% |
0.58% |
35.36% |
$13,535.86 |
$76.85 |
8 |
47.75% |
0.58% |
41.34% |
$14,134.14 |
$80.24 |
9 |
55.13% |
0.58% |
47.59% |
$14,758.87 |
$83.79 |
10 |
62.89% |
0.58% |
54.11% |
$15,411.22 |
$87.49 |
Total |
$725.76 |
|
Maximum
Sales
Charge:
4.50% |
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% |
0.96% |
-0.64% |
$9,935.82 |
$543.53 |
2 |
10.25% |
0.96% |
3.37% |
$10,337.23 |
$97.31 |
3 |
15.76% |
0.96% |
7.55% |
$10,754.85 |
$101.24 |
4 |
21.55% |
0.96% |
11.89% |
$11,189.35 |
$105.33 |
5 |
27.63% |
0.96% |
16.41% |
$11,641.40 |
$109.59 |
6 |
34.01% |
0.96% |
21.12% |
$12,111.71 |
$114.01 |
7 |
40.71% |
0.96% |
26.01% |
$12,601.02 |
$118.62 |
8 |
47.75% |
0.96% |
31.10% |
$13,110.10 |
$123.41 |
9 |
55.13% |
0.96% |
36.40% |
$13,639.75 |
$128.40 |
10 |
62.89% |
0.96% |
41.91% |
$14,190.80 |
$133.59 |
Total |
$1,575.03 |
Prospectus February 1, 2023 | 103 | 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% |
1.75% |
3.25% |
$10,325.00 |
$177.84 |
2 |
10.25% |
1.76% |
6.60% |
$10,659.53 |
$184.66 |
3 |
15.76% |
1.76% |
10.05% |
$11,004.90 |
$190.65 |
4 |
21.55% |
1.76% |
13.61% |
$11,361.46 |
$196.82 |
5 |
27.63% |
1.76% |
17.30% |
$11,729.57 |
$203.20 |
6 |
34.01% |
1.76% |
21.10% |
$12,109.61 |
$209.78 |
7 |
40.71% |
1.76% |
25.02% |
$12,501.96 |
$216.58 |
8 |
47.75% |
1.76% |
29.07% |
$12,907.02 |
$223.60 |
9 |
55.13% |
0.96% |
34.28% |
$13,428.47 |
$126.41 |
10 |
62.89% |
0.96% |
39.71% |
$13,970.98 |
$131.52 |
Total |
$1,861.06 |
|
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% |
1.25% |
3.75% |
$10,375.00 |
$127.34 |
2 |
10.25% |
1.38% |
7.51% |
$10,750.58 |
$145.77 |
3 |
15.76% |
1.38% |
11.40% |
$11,139.75 |
$151.04 |
4 |
21.55% |
1.38% |
15.43% |
$11,543.00 |
$156.51 |
5 |
27.63% |
1.38% |
19.61% |
$11,960.86 |
$162.18 |
6 |
34.01% |
1.38% |
23.94% |
$12,393.84 |
$168.05 |
7 |
40.71% |
1.38% |
28.43% |
$12,842.50 |
$174.13 |
8 |
47.75% |
1.38% |
33.07% |
$13,307.40 |
$180.43 |
9 |
55.13% |
1.38% |
37.89% |
$13,789.13 |
$186.97 |
10 |
62.89% |
1.38% |
42.88% |
$14,288.29 |
$193.73 |
Total |
$1,646.15 |
Prospectus February 1, 2023 | 104 | 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% |
0.66% |
4.34% |
$10,434.00 |
$67.43 |
2 |
10.25% |
0.66% |
8.87% |
$10,886.84 |
$70.36 |
3 |
15.76% |
0.66% |
13.59% |
$11,359.32 |
$73.41 |
4 |
21.55% |
0.66% |
18.52% |
$11,852.32 |
$76.60 |
5 |
27.63% |
0.66% |
23.67% |
$12,366.71 |
$79.92 |
6 |
34.01% |
0.66% |
29.03% |
$12,903.42 |
$83.39 |
7 |
40.71% |
0.66% |
34.63% |
$13,463.43 |
$87.01 |
8 |
47.75% |
0.66% |
40.48% |
$14,047.75 |
$90.79 |
9 |
55.13% |
0.66% |
46.57% |
$14,657.42 |
$94.73 |
10 |
62.89% |
0.66% |
52.94% |
$15,293.55 |
$98.84 |
Total |
$822.48 |
|
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 February 1, 2023 | 105 | 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% |
0.75% |
4.25% |
$10,425.00 |
$76.59 |
2 |
10.25% |
0.78% |
8.65% |
$10,864.94 |
$83.03 |
3 |
15.76% |
0.78% |
13.23% |
$11,323.44 |
$86.53 |
4 |
21.55% |
0.78% |
18.01% |
$11,801.28 |
$90.19 |
5 |
27.63% |
0.78% |
22.99% |
$12,299.30 |
$93.99 |
6 |
34.01% |
0.78% |
28.18% |
$12,818.33 |
$97.96 |
7 |
40.71% |
0.78% |
33.59% |
$13,359.26 |
$102.09 |
8 |
47.75% |
0.78% |
39.23% |
$13,923.02 |
$106.40 |
9 |
55.13% |
0.78% |
45.11% |
$14,510.57 |
$110.89 |
10 |
62.89% |
0.78% |
51.23% |
$15,122.92 |
$115.57 |
Total |
$963.24 |
|
Maximum
Sales
Charge:
4.50% |
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% |
0.85% |
-0.54% |
$9,946.33 |
$532.86 |
2 |
10.25% |
0.94% |
3.50% |
$10,350.15 |
$95.39 |
3 |
15.76% |
0.94% |
7.70% |
$10,770.36 |
$99.27 |
4 |
21.55% |
0.94% |
12.08% |
$11,207.64 |
$103.30 |
5 |
27.63% |
0.94% |
16.63% |
$11,662.67 |
$107.49 |
6 |
34.01% |
0.94% |
21.36% |
$12,136.17 |
$111.85 |
7 |
40.71% |
0.94% |
26.29% |
$12,628.90 |
$116.40 |
8 |
47.75% |
0.94% |
31.42% |
$13,141.63 |
$121.12 |
9 |
55.13% |
0.94% |
36.75% |
$13,675.19 |
$126.04 |
10 |
62.89% |
0.94% |
42.30% |
$14,230.40 |
$131.16 |
Total |
$1,544.88 |
Prospectus February 1, 2023 | 106 | 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% |
1.60% |
3.40% |
$10,340.00 |
$162.72 |
2 |
10.25% |
1.67% |
6.84% |
$10,684.32 |
$175.55 |
3 |
15.76% |
1.67% |
10.40% |
$11,040.11 |
$181.40 |
4 |
21.55% |
1.67% |
14.08% |
$11,407.75 |
$187.44 |
5 |
27.63% |
1.67% |
17.88% |
$11,787.62 |
$193.68 |
6 |
34.01% |
1.67% |
21.80% |
$12,180.15 |
$200.13 |
7 |
40.71% |
1.67% |
25.86% |
$12,585.75 |
$206.80 |
8 |
47.75% |
1.67% |
30.05% |
$13,004.86 |
$213.68 |
9 |
55.13% |
0.94% |
35.33% |
$13,532.85 |
$124.73 |
10 |
62.89% |
0.94% |
40.82% |
$14,082.29 |
$129.79 |
Total |
$1,775.92 |
|
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% |
0.58% |
9.07% |
$10,906.67 |
$61.92 |
3 |
15.76% |
0.58% |
13.89% |
$11,388.74 |
$64.66 |
4 |
21.55% |
0.58% |
18.92% |
$11,892.13 |
$67.51 |
5 |
27.63% |
0.58% |
24.18% |
$12,417.76 |
$70.50 |
6 |
34.01% |
0.58% |
29.67% |
$12,966.62 |
$73.61 |
7 |
40.71% |
0.58% |
35.40% |
$13,539.75 |
$76.87 |
8 |
47.75% |
0.58% |
41.38% |
$14,138.20 |
$80.27 |
9 |
55.13% |
0.58% |
47.63% |
$14,763.11 |
$83.81 |
10 |
62.89% |
0.58% |
54.16% |
$15,415.64 |
$87.52 |
Total |
$722.89 |
Prospectus February 1, 2023 | 107 | 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% |
0.60% |
4.40% |
$10,440.00 |
$61.32 |
2 |
10.25% |
0.67% |
8.92% |
$10,892.05 |
$71.46 |
3 |
15.76% |
0.67% |
13.64% |
$11,363.68 |
$74.56 |
4 |
21.55% |
0.67% |
18.56% |
$11,855.73 |
$77.78 |
5 |
27.63% |
0.67% |
23.69% |
$12,369.08 |
$81.15 |
6 |
34.01% |
0.67% |
29.05% |
$12,904.66 |
$84.67 |
7 |
40.71% |
0.67% |
34.63% |
$13,463.43 |
$88.33 |
8 |
47.75% |
0.67% |
40.46% |
$14,046.40 |
$92.16 |
9 |
55.13% |
0.67% |
46.55% |
$14,654.61 |
$96.15 |
10 |
62.89% |
0.67% |
52.89% |
$15,289.15 |
$100.31 |
Total |
$827.89 |
|
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% |
0.65% |
4.35% |
$10,435.00 |
$66.41 |
2 |
10.25% |
0.74% |
8.80% |
$10,879.53 |
$78.86 |
3 |
15.76% |
0.74% |
13.43% |
$11,343.00 |
$82.22 |
4 |
21.55% |
0.74% |
18.26% |
$11,826.21 |
$85.73 |
5 |
27.63% |
0.74% |
23.30% |
$12,330.01 |
$89.38 |
6 |
34.01% |
0.74% |
28.55% |
$12,855.27 |
$93.19 |
7 |
40.71% |
0.74% |
34.03% |
$13,402.90 |
$97.16 |
8 |
47.75% |
0.74% |
39.74% |
$13,973.86 |
$101.29 |
9 |
55.13% |
0.74% |
45.69% |
$14,569.15 |
$105.61 |
10 |
62.89% |
0.74% |
51.90% |
$15,189.80 |
$110.11 |
Total |
$909.96 |
Prospectus February 1, 2023 | 108 | Appendix A |
|
Maximum
Sales
Charge:
2.25% |
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% |
0.75% |
1.90% |
$10,190.44 |
$299.87 |
2 |
10.25% |
0.85% |
6.13% |
$10,613.34 |
$88.42 |
3 |
15.76% |
0.85% |
10.54% |
$11,053.79 |
$92.09 |
4 |
21.55% |
0.85% |
15.13% |
$11,512.53 |
$95.91 |
5 |
27.63% |
0.85% |
19.90% |
$11,990.30 |
$99.89 |
6 |
34.01% |
0.85% |
24.88% |
$12,487.89 |
$104.03 |
7 |
40.71% |
0.85% |
30.06% |
$13,006.14 |
$108.35 |
8 |
47.75% |
0.85% |
35.46% |
$13,545.90 |
$112.85 |
9 |
55.13% |
0.85% |
41.08% |
$14,108.05 |
$117.53 |
10 |
62.89% |
0.85% |
46.94% |
$14,693.54 |
$122.41 |
Total |
$1,241.35 |
|
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% |
1.50% |
3.50% |
$10,350.00 |
$152.63 |
2 |
10.25% |
1.61% |
7.01% |
$10,700.87 |
$169.46 |
3 |
15.76% |
1.61% |
10.64% |
$11,063.62 |
$175.20 |
4 |
21.55% |
1.61% |
14.39% |
$11,438.68 |
$181.14 |
5 |
27.63% |
1.61% |
18.26% |
$11,826.45 |
$187.28 |
6 |
34.01% |
1.61% |
22.27% |
$12,227.37 |
$193.63 |
7 |
40.71% |
1.61% |
26.42% |
$12,641.88 |
$200.20 |
8 |
47.75% |
1.61% |
30.70% |
$13,070.44 |
$206.98 |
9 |
55.13% |
0.85% |
36.13% |
$13,612.86 |
$113.40 |
10 |
62.89% |
0.85% |
41.78% |
$14,177.79 |
$118.11 |
Total |
$1,698.03 |
Prospectus February 1, 2023 | 109 | 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% |
0.38% |
4.62% |
$10,462.00 |
$38.88 |
2 |
10.25% |
0.51% |
9.32% |
$10,931.74 |
$54.55 |
3 |
15.76% |
0.51% |
14.23% |
$11,422.58 |
$57.00 |
4 |
21.55% |
0.51% |
19.35% |
$11,935.45 |
$59.56 |
5 |
27.63% |
0.51% |
24.71% |
$12,471.35 |
$62.24 |
6 |
34.01% |
0.51% |
30.31% |
$13,031.32 |
$65.03 |
7 |
40.71% |
0.51% |
36.16% |
$13,616.42 |
$67.95 |
8 |
47.75% |
0.51% |
42.28% |
$14,227.80 |
$71.00 |
9 |
55.13% |
0.51% |
48.67% |
$14,866.63 |
$74.19 |
10 |
62.89% |
0.51% |
55.34% |
$15,534.14 |
$77.52 |
Total |
$627.92 |
|
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% |
0.38% |
4.62% |
$10,462.00 |
$38.88 |
2 |
10.25% |
0.60% |
9.22% |
$10,922.33 |
$64.15 |
3 |
15.76% |
0.60% |
14.03% |
$11,402.91 |
$66.98 |
4 |
21.55% |
0.60% |
19.05% |
$11,904.64 |
$69.92 |
5 |
27.63% |
0.60% |
24.28% |
$12,428.44 |
$73.00 |
6 |
34.01% |
0.60% |
29.75% |
$12,975.29 |
$76.21 |
7 |
40.71% |
0.60% |
35.46% |
$13,546.21 |
$79.56 |
8 |
47.75% |
0.60% |
41.42% |
$14,142.24 |
$83.07 |
9 |
55.13% |
0.60% |
47.64% |
$14,764.50 |
$86.72 |
10 |
62.89% |
0.60% |
54.14% |
$15,414.14 |
$90.54 |
Total |
$729.03 |
Prospectus February 1, 2023 | 110 | 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% |
0.50% |
4.50% |
$10,450.00 |
$51.13 |
2 |
10.25% |
0.68% |
9.01% |
$10,901.44 |
$72.59 |
3 |
15.76% |
0.68% |
13.72% |
$11,372.38 |
$75.73 |
4 |
21.55% |
0.68% |
18.64% |
$11,863.67 |
$79.00 |
5 |
27.63% |
0.68% |
23.76% |
$12,376.18 |
$82.42 |
6 |
34.01% |
0.68% |
29.11% |
$12,910.83 |
$85.98 |
7 |
40.71% |
0.68% |
34.69% |
$13,468.58 |
$89.69 |
8 |
47.75% |
0.68% |
40.50% |
$14,050.42 |
$93.56 |
9 |
55.13% |
0.68% |
46.57% |
$14,657.40 |
$97.61 |
10 |
62.89% |
0.68% |
52.91% |
$15,290.60 |
$101.82 |
Total |
$829.53 |
Prospectus February 1, 2023 | 111 | Appendix A |
Prospectus February 1, 2023 | 112 | Appendix B |
Prospectus February 1, 2023 | 113 | Appendix B |
Prospectus February 1, 2023 | 114 | Appendix B |
Prospectus February 1, 2023 | 115 | Appendix B |
Prospectus February 1, 2023 | 116 | Appendix B |
Prospectus February 1, 2023 | 117 | Appendix B |
Prospectus February 1, 2023 | 118 | Appendix B |
Prospectus February 1, 2023 | 119 | 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 Income Trust
DWS
GNMA Fund
811-04049
Deutsche
DWS Income Trust
DWS
High Income Fund
811-04049
Deutsche
DWS Income Trust
DWS
Global High Income Fund
811-04049
Deutsche
DWS Income Trust
DWS
Short Duration Fund
811-04049
|