DWS Capital
Growth Fund | ||||||||||||
CLASS/TICKER |
A |
SDGAX |
C |
SDGCX |
R |
SDGRX |
R6 |
SDGZX |
INST |
SDGTX |
S |
SCGSX |
|
|
DWS Core
Equity Fund | ||||||||||||
CLASS/TICKER |
A |
SUWAX |
C |
SUWCX |
R |
SUWTX |
R6 |
SUWZX |
INST |
SUWIX |
S |
SCDGX |
|
|
DWS Small
Cap Core Fund | ||||||||||
CLASS/TICKER |
A |
SZCAX |
C |
SZCCX |
R6 |
SZCRX |
INST |
SZCIX |
S |
SSLCX |
|
|
DWS Small
Cap Growth Fund | ||||||||||||
CLASS/TICKER |
A |
SSDAX |
C |
SSDCX |
R |
SSDGX |
R6 |
SSDZX |
INST |
SSDIX |
S |
SSDSX |
| |
1 | |
1 | |
2 | |
2 | |
4 | |
5 | |
5 | |
6 | |
6 | |
| |
7 | |
7 | |
8 | |
8 | |
10 | |
11 | |
11 | |
12 | |
12 | |
| |
13 | |
13 | |
14 | |
14 | |
16 | |
17 | |
17 | |
18 | |
18 |
| |
19 | |
19 | |
20 | |
20 | |
23 | |
23 | |
23 | |
24 | |
24 | |
| |
25 | |
25 | |
29 | |
32 | |
36 | |
41 | |
41 | |
43
|
|
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 Capital Growth 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 |
|
- |
|
|
Russell
1000 Growth®
Index
(reflects no
deduc-
tion for
fees, expenses
or
taxes) |
|
- |
|
|
|
Class
Inception |
1
Year |
5
Years |
Since
Inception |
Class
R6 before
tax |
|
- |
|
|
Russell
1000 Growth®
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 | 7 | DWS Core Equity 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 |
|
- |
|
|
Russell
1000®
Index
(reflects no
deduction for
fees,
expenses or taxes) |
|
- |
|
|
|
Class
Inception |
1
Year |
5
Years |
Since
Inception |
Class
R6 before
tax |
|
- |
|
|
Russell
1000®
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 |
|
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 |
|
|
|
|
|
Acquired
funds fees and expenses |
|
|
|
|
|
Total
annual fund operating
expenses |
|
|
|
|
|
Years |
A |
C |
R6 |
INST |
S |
1 |
$ |
$ |
$ |
$ |
$ |
3 |
|
|
|
|
|
5 |
|
|
|
|
|
10 |
|
|
|
|
|
Prospectus February 1, 2023 | 13 | DWS Small Cap Core Fund |
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 |
|
- |
|
|
Class
S before
tax |
|
- |
|
|
Russell
2000®
Index
(reflects no
deduction for
fees,
expenses or taxes) |
|
- |
|
|
S&P
SmallCap 600®
Index
(reflects no
deduc-
tion for
fees,expenses or
taxes) |
|
- |
|
|
|
Class
Inception |
1
Year |
5
Years |
Since
Inception |
Class
R6 before
tax |
|
- |
|
|
INST
Class before
tax |
|
- |
|
|
Russell
2000®
Index
(reflects no
deduction for
fees,
expenses or taxes) |
|
- |
|
|
S&P
SmallCap 600®
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 |
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 | 19 | DWS Small Cap Growth 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 |
|
- |
|
|
Russell
2000®
Growth
Index
(reflects no
deduc-
tion for
fees, expenses
or
taxes) |
|
- |
|
|
|
Class
Inception |
1
Year |
5
Years |
Since
Inception |
Class
R6 before
tax |
|
- |
|
|
Russell
2000®
Growth
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 |
Prospectus February 1, 2023 | 25 | Fund Details |
Fund
Name |
Fee
Paid |
DWS Capital
Growth Fund |
0.459% |
DWS Core
Equity Fund |
0.352% |
DWS Small
Cap Core Fund |
0.637% |
DWS Small
Cap Growth Fund |
0.650% |
Prospectus February 1, 2023 | 45 | Investing in the Funds |
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 |
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
%
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
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
Capital Growth Fund — Class A | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$123.37 |
$104.63 |
$81.88 |
$90.54 |
$79.22 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)a |
(.42) |
(.35) |
(.07) |
.06 |
(.00)* |
Net realized
and unrealized gain (loss) |
(31.11) |
25.19 |
27.67 |
2.25 |
18.16 |
Total
from investment operations |
(31.53) |
24.84 |
27.60 |
2.31 |
18.16 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
— |
— |
(.04) |
— |
(.32) |
Net realized
gains |
(8.46) |
(6.10) |
(4.81) |
(10.97) |
(6.52) |
Total
distributions |
(8.46) |
(6.10) |
(4.85) |
(10.97) |
(6.84) |
Net
asset value, end of period |
$83.38 |
$123.37 |
$104.63 |
$81.88 |
$90.54 |
Total Return
(%)b |
(27.79) |
24.71 |
35.36 |
4.91 |
24.46 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
613 |
927 |
796 |
644 |
683 |
Ratio of
expenses (%) |
.90 |
.90 |
.92 |
.94 |
.94 |
Ratio of net
investment income (loss) (%) |
(.38) |
(.30) |
(.08) |
.08 |
(.00)** |
Portfolio
turnover rate (%) |
8 |
11 |
12 |
13 |
27 |
a |
Based
on average shares outstanding during the period. |
b |
Total
return does not reflect the effect of any sales
charges. |
* |
Amount
is less than $.005. |
** |
Amount
is less than .005%. |
Prospectus February 1, 2023 | 65 | Financial Highlights |
DWS
Capital Growth Fund — Class C | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$98.14 |
$85.08 |
$67.94 |
$77.82 |
$69.19 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)a |
(1.04) |
(1.05) |
(.66) |
(.50) |
(.55) |
Net realized
and unrealized gain (loss) |
(24.04) |
20.21 |
22.61 |
1.59 |
15.70 |
Total
from investment operations |
(25.08) |
19.16 |
21.95 |
1.09 |
15.15 |
Less
distributions from: |
|
|
|
|
|
Net realized
gains |
(8.46) |
(6.10) |
(4.81) |
(10.97) |
(6.52) |
Net
asset value, end of period |
$64.60 |
$98.14 |
$85.08 |
$67.94 |
$77.82 |
Total Return
(%)b |
(28.41) |
23.65 |
34.24 |
4.02 |
23.51 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
9 |
13 |
16 |
15 |
19 |
Ratio of
expenses (%) |
1.76 |
1.75 |
1.75 |
1.78 |
1.72 |
Ratio of net
investment income (loss) (%) |
(1.24) |
(1.14) |
(.91) |
(.76) |
(.78) |
Portfolio
turnover rate (%) |
8 |
11 |
12 |
13 |
27 |
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 | 66 | Financial Highlights |
DWS
Capital Growth Fund — Class R | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data |
|
|
|
|
|
Net
asset value, beginning of period |
$119.12 |
$101.64 |
$79.96 |
$89.03 |
$78.07 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)a |
(.85) |
(.82) |
(.39) |
(.23) |
(.39) |
Net realized
and unrealized gain (loss) |
(29.85) |
24.40 |
26.88 |
2.13 |
17.87 |
Total
from investment operations |
(30.70) |
23.58 |
26.49 |
1.90 |
17.48 |
Less
distributions from: |
|
|
|
|
|
Net realized
gains |
(8.46) |
(6.10) |
(4.81) |
(10.97) |
(6.52) |
Net
asset value, end of period |
$79.96 |
$119.12 |
$101.64 |
$79.96 |
$89.03 |
Total Return
(%) |
(28.11)b |
24.17b |
34.77 |
4.48 |
23.84 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
2 |
3 |
3 |
5 |
6 |
Ratio of
expenses before expense reductions (%) |
1.35 |
1.35 |
1.34 |
1.33 |
1.43 |
Ratio of
expenses after expense reductions (%) |
1.33 |
1.34 |
1.34 |
1.33 |
1.43 |
Ratio of net
investment income (loss) (%) |
(.81) |
(.74) |
(.46) |
(.31) |
(.49) |
Portfolio
turnover rate (%) |
8 |
11 |
12 |
13 |
27 |
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 | 67 | Financial Highlights |
DWS
Capital Growth Fund — Class R6 | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data |
|
|
|
|
|
Net
asset value, beginning of period |
$124.65 |
$105.51 |
$82.56 |
$91.20 |
$79.77 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)a |
(.07) |
.01 |
.20 |
.31 |
.25 |
Net realized
and unrealized gain (loss) |
(31.55) |
25.40 |
27.88 |
2.26 |
18.28 |
Total
from investment operations |
(31.62) |
25.41 |
28.08 |
2.57 |
18.53 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
— |
(.17) |
(.32) |
(.24) |
(.58) |
Net realized
gains |
(8.46) |
(6.10) |
(4.81) |
(10.97) |
(6.52) |
Total
distributions |
(8.46) |
(6.27) |
(5.13) |
(11.21) |
(7.10) |
Net
asset value, end of period |
$84.57 |
$124.65 |
$105.51 |
$82.56 |
$91.20 |
Total Return
(%) |
(27.57) |
25.09 |
35.77 |
5.24 |
24.85 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
18 |
4 |
4 |
2 |
2 |
Ratio of
expenses (%) |
.60 |
.60 |
.61 |
.62 |
.63 |
Ratio of net
investment income (loss) (%) |
(.06) |
.01 |
.22 |
.40 |
.30 |
Portfolio
turnover rate (%) |
8 |
11 |
12 |
13 |
27 |
a |
Based
on average shares outstanding during the
period. |
Prospectus February 1, 2023 | 68 | Financial Highlights |
DWS
Capital Growth Fund — Institutional Class | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$125.06 |
$105.85 |
$82.79 |
$91.43 |
$79.95 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)a |
(.18) |
(.11) |
.13 |
.24 |
.19 |
Net realized
and unrealized gain (loss) |
(31.62) |
25.50 |
27.98 |
2.27 |
18.33 |
Total
from investment operations |
(31.80) |
25.39 |
28.11 |
2.51 |
18.52 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
— |
(.08) |
(.24) |
(.18) |
(.52) |
Net realized
gains |
(8.46) |
(6.10) |
(4.81) |
(10.97) |
(6.52) |
Total
distributions |
(8.46) |
(6.18) |
(5.05) |
(11.15) |
(7.04) |
Net
asset value, end of period |
$84.80 |
$125.06 |
$105.85 |
$82.79 |
$91.43 |
Total Return
(%) |
(27.63) |
24.98 |
35.67b |
5.14 |
24.75 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
74 |
124 |
94 |
56 |
62 |
Ratio of
expenses before expense reductions (%) |
.68 |
.68 |
.70 |
.71 |
.71 |
Ratio of
expenses after expense reductions (%) |
.68 |
.68 |
.69 |
.71 |
.71 |
Ratio of net
investment income (loss) (%) |
(.16) |
(.09) |
.14 |
.31 |
.24 |
Portfolio
turnover rate (%) |
8 |
11 |
12 |
13 |
27 |
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 | 69 | Financial Highlights |
DWS
Capital Growth Fund — Class S | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$125.30 |
$106.03 |
$82.93 |
$91.55 |
$80.05 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)a |
(.16) |
(.07) |
.15 |
.26 |
.20 |
Net realized
and unrealized gain (loss) |
(31.70) |
25.55 |
28.02 |
2.28 |
18.36 |
Total
from investment operations |
(31.86) |
25.48 |
28.17 |
2.54 |
18.56 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
— |
(.11) |
(.26) |
(.19) |
(.54) |
Net realized
gains |
(8.46) |
(6.10) |
(4.81) |
(10.97) |
(6.52) |
Total
distributions |
(8.46) |
(6.21) |
(5.07) |
(11.16) |
(7.06) |
Net
asset value, end of period |
$84.98 |
$125.30 |
$106.03 |
$82.93 |
$91.55 |
Total Return
(%) |
(27.62) |
25.01 |
35.70 |
5.16 |
24.77 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
796 |
1,197 |
1,025 |
828 |
873 |
Ratio of
expenses (%) |
.66 |
.66 |
.67 |
.69 |
.70 |
Ratio of net
investment income (loss) (%) |
(.15) |
(.06) |
.17 |
.33 |
.24 |
Portfolio
turnover rate (%) |
8 |
11 |
12 |
13 |
27 |
a |
Based
on average shares outstanding during the
period. |
Prospectus February 1, 2023 | 70 | Financial Highlights |
DWS
Core Equity Fund — Class A | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$34.27 |
$28.24 |
$26.80 |
$30.17 |
$27.04 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.17 |
.19 |
.25 |
.27 |
.24 |
Net realized
and unrealized gain (loss) |
(4.26) |
7.76 |
2.55 |
(.46) |
4.51 |
Total
from investment operations |
(4.09) |
7.95 |
2.80 |
(.19) |
4.75 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.17) |
(.19) |
(.28) |
(.29) |
(.22) |
Net realized
gains |
(4.45) |
(1.73) |
(1.08) |
(2.89) |
(1.40) |
Total
distributions |
(4.62) |
(1.92) |
(1.36) |
(3.18) |
(1.62) |
Net
asset value, end of period |
$25.56 |
$34.27 |
$28.24 |
$26.80 |
$30.17 |
Total Return
(%)b |
(14.81) |
29.17 |
10.71 |
1.18 |
18.25 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
330 |
423 |
351 |
362 |
386 |
Ratio of
expenses (%) |
.83 |
.82 |
.84 |
.84 |
.86 |
Ratio of net
investment income (%) |
.54 |
.58 |
.95 |
1.04 |
.85 |
Portfolio
turnover rate (%) |
28 |
35 |
46 |
39 |
46 |
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 | 71 | Financial Highlights |
DWS
Core Equity Fund — Class C | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$32.36 |
$26.80 |
$25.49 |
$28.86 |
$25.92 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)a |
(.07) |
(.06) |
.05 |
.07 |
.02 |
Net realized
and unrealized gain (loss) |
(3.95) |
7.35 |
2.42 |
(.46) |
4.33 |
Total
from investment operations |
(4.02) |
7.29 |
2.47 |
(.39) |
4.35 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
— |
— |
(.08) |
(.09) |
(.01) |
Net realized
gains |
(4.45) |
(1.73) |
(1.08) |
(2.89) |
(1.40) |
Total
distributions |
(4.45) |
(1.73) |
(1.16) |
(2.98) |
(1.41) |
Net
asset value, end of period |
$23.89 |
$32.36 |
$26.80 |
$25.49 |
$28.86 |
Total Return
(%)b |
(15.48) |
28.19 |
9.86 |
.41 |
17.36 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
22 |
32 |
34 |
40 |
43 |
Ratio of
expenses (%) |
1.59 |
1.59 |
1.61 |
1.60 |
1.62 |
Ratio of net
investment income (loss) (%) |
(.23) |
(.20) |
.18 |
.28 |
.09 |
Portfolio
turnover rate (%) |
28 |
35 |
46 |
39 |
46 |
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 | 72 | Financial Highlights |
DWS
Core Equity Fund — Class R | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data |
|
|
|
|
|
Net
asset value, beginning of period |
$34.67 |
$28.56 |
$27.08 |
$30.45 |
$27.28 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.04 |
.06 |
.15 |
.17 |
.13 |
Net realized
and unrealized gain (loss) |
(4.32) |
7.84 |
2.59 |
(.46) |
4.55 |
Total
from investment operations |
(4.28) |
7.90 |
2.74 |
(.29) |
4.68 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.05) |
(.06) |
(.18) |
(.19) |
(.11) |
Net realized
gains |
(4.45) |
(1.73) |
(1.08) |
(2.89) |
(1.40) |
Total
distributions |
(4.50) |
(1.79) |
(1.26) |
(3.08) |
(1.51) |
Net
asset value, end of period |
$25.89 |
$34.67 |
$28.56 |
$27.08 |
$30.45 |
Total Return
(%) |
(15.18) |
28.68 |
10.27 |
.78 |
17.75 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
2 |
2 |
2 |
2 |
2 |
Ratio of
expenses (%) |
1.24 |
1.22 |
1.22 |
1.25 |
1.28 |
Ratio of net
investment income (%) |
.13 |
.18 |
.56 |
.64 |
.44 |
Portfolio
turnover rate (%) |
28 |
35 |
46 |
39 |
46 |
a |
Based
on average shares outstanding during the
period. |
Prospectus February 1, 2023 | 73 | Financial Highlights |
DWS
Core Equity Fund — Class R6 | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data |
|
|
|
|
|
Net
asset value, beginning of period |
$34.75 |
$28.61 |
$27.14 |
$30.51 |
$27.33 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.27 |
.32 |
.35 |
.37 |
.35 |
Net realized
and unrealized gain (loss) |
(4.33) |
7.86 |
2.58 |
(.46) |
4.56 |
Total
from investment operations |
(4.06) |
8.18 |
2.93 |
(.09) |
4.91 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.28) |
(.31) |
(.38) |
(.39) |
(.33) |
Net realized
gains |
(4.45) |
(1.73) |
(1.08) |
(2.89) |
(1.40) |
Total
distributions |
(4.73) |
(2.04) |
(1.46) |
(3.28) |
(1.73) |
Net
asset value, end of period |
$25.96 |
$34.75 |
$28.61 |
$27.14 |
$30.51 |
Total Return
(%) |
(14.54) |
29.64 |
11.09 |
1.55 |
18.63 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
20 |
31 |
12 |
14 |
16 |
Ratio of
expenses (%) |
.48 |
.48 |
.49 |
.49 |
.50 |
Ratio of net
investment income (%) |
.86 |
.96 |
1.29 |
1.39 |
1.23 |
Portfolio
turnover rate (%) |
28 |
35 |
46 |
39 |
46 |
a |
Based
on average shares outstanding during the
period. |
Prospectus February 1, 2023 | 74 | Financial Highlights |
DWS
Core Equity Fund — Institutional Class | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$34.77 |
$28.63 |
$27.16 |
$30.54 |
$27.35 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.25 |
.28 |
.33 |
.36 |
.33 |
Net realized
and unrealized gain (loss) |
(4.34) |
7.87 |
2.58 |
(.47) |
4.57 |
Total
from investment operations |
(4.09) |
8.15 |
2.91 |
(.11) |
4.90 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.25) |
(.28) |
(.36) |
(.38) |
(.31) |
Net realized
gains |
(4.45) |
(1.73) |
(1.08) |
(2.89) |
(1.40) |
Total
distributions |
(4.70) |
(2.01) |
(1.44) |
(3.27) |
(1.71) |
Net
asset value, end of period |
$25.98 |
$34.77 |
$28.63 |
$27.16 |
$30.54 |
Total Return
(%) |
(14.60) |
29.52 |
11.01 |
1.47 |
18.59 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
196 |
297 |
269 |
169 |
97 |
Ratio of
expenses (%) |
.57 |
.56 |
.57 |
.55 |
.55 |
Ratio of net
investment income (%) |
.79 |
.84 |
1.24 |
1.35 |
1.16 |
Portfolio
turnover rate (%) |
28 |
35 |
46 |
39 |
46 |
a |
Based
on average shares outstanding during the
period. |
Prospectus February 1, 2023 | 75 | Financial Highlights |
DWS
Core Equity Fund — Class S | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$34.71 |
$28.58 |
$27.11 |
$30.48 |
$27.30 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.26 |
.28 |
.33 |
.34 |
.32 |
Net realized
and unrealized gain (loss) |
(4.34) |
7.86 |
2.58 |
(.45) |
4.56 |
Total
from investment operations |
(4.08) |
8.14 |
2.91 |
(.11) |
4.88 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.26) |
(.28) |
(.36) |
(.37) |
(.30) |
Net realized
gains |
(4.45) |
(1.73) |
(1.08) |
(2.89) |
(1.40) |
Total
distributions |
(4.71) |
(2.01) |
(1.44) |
(3.26) |
(1.70) |
Net
asset value, end of period |
$25.92 |
$34.71 |
$28.58 |
$27.11 |
$30.48 |
Total Return
(%) |
(14.62) |
29.53 |
11.01 |
1.47 |
18.56 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
2,842 |
3,629 |
3,076 |
3,198 |
3,480 |
Ratio of
expenses (%) |
.56 |
.55 |
.57 |
.57 |
.58 |
Ratio of net
investment income (%) |
.81 |
.84 |
1.21 |
1.31 |
1.13 |
Portfolio
turnover rate (%) |
28 |
35 |
46 |
39 |
46 |
a |
Based
on average shares outstanding during the
period. |
Prospectus February 1, 2023 | 76 | Financial Highlights |
DWS
Small Cap Core Fund — Class A | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$44.14 |
$25.78 |
$26.52 |
$33.12 |
$30.39 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)a |
(.03) |
(.07) |
.05 |
.01 |
.05 |
Net realized
and unrealized gain (loss) |
(5.30) |
18.48 |
(.78) |
(5.16) |
4.40 |
Total
from investment operations |
(5.33) |
18.41 |
(.73) |
(5.15) |
4.45 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
— |
(.05) |
— |
(.05) |
(.03) |
Net realized
gains |
(.81) |
— |
(.01) |
(1.40) |
(1.69) |
Total
distributions |
(.81) |
(.05) |
(.01) |
(1.45) |
(1.72) |
Net
asset value, end of period |
$38.00 |
$44.14 |
$25.78 |
$26.52 |
$33.12 |
Total Return
(%)b |
(12.32) |
71.48c |
(2.77)c |
(15.38)c |
15.30c |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
184 |
232 |
146 |
177 |
245 |
Ratio of
expenses before expense reductions (%) |
1.20 |
1.19 |
1.27 |
1.26 |
1.24 |
Ratio of
expenses after expense reductions (%) |
1.20 |
1.15 |
1.09 |
1.09 |
1.09 |
Ratio of net
investment income (loss) (%) |
(.06) |
(.19) |
.21 |
.02 |
.15 |
Portfolio
turnover rate (%) |
31 |
32 |
15 |
21 |
44 |
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 | 77 | Financial Highlights |
DWS
Small Cap Core Fund — Class C | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$35.73 |
$21.00 |
$21.77 |
$27.64 |
$25.80 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)a |
(.28) |
(.30) |
(.11) |
(.17) |
(.15) |
Net realized
and unrealized gain (loss) |
(4.25) |
15.03 |
(.65) |
(4.30) |
3.68 |
Total
from investment operations |
(4.53) |
14.73 |
(.76) |
(4.47) |
3.53 |
Less
distributions from: |
|
|
|
|
|
Net realized
gains |
(.81) |
— |
(.01) |
(1.40) |
(1.69) |
Net
asset value, end of period |
$30.39 |
$35.73 |
$21.00 |
$21.77 |
$27.64 |
Total Return
(%)b |
(13.00) |
70.14c |
(3.52)c |
(16.01)c |
14.41c |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
5 |
6 |
6 |
11 |
21 |
Ratio of
expenses before expense reductions (%) |
1.97 |
1.98 |
2.05 |
2.01 |
1.99 |
Ratio of
expenses after expense reductions (%) |
1.97 |
1.93 |
1.84 |
1.84 |
1.84 |
Ratio of net
investment income (loss) (%) |
(.83) |
(.97) |
(.55) |
(.74) |
(.59) |
Portfolio
turnover rate (%) |
31 |
32 |
15 |
21 |
44 |
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 | 78 | Financial Highlights |
DWS
Small Cap Core Fund — Class R6 | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data |
|
|
|
|
|
Net
asset value, beginning of period |
$46.31 |
$27.05 |
$27.81 |
$34.64 |
$31.72 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.14 |
.06 |
.13 |
.07 |
.20 |
Net realized
and unrealized gain (loss) |
(5.60) |
19.36 |
(.81) |
(5.36) |
4.53 |
Total
from investment operations |
(5.46) |
19.42 |
(.68) |
(5.29) |
4.73 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
— |
(.16) |
(.07) |
(.14) |
(.12) |
Net realized
gains |
(.81) |
— |
(.01) |
(1.40) |
(1.69) |
Total
distributions |
(.81) |
(.16) |
(.08) |
(1.54) |
(1.81) |
Net
asset value, end of period |
$40.04 |
$46.31 |
$27.05 |
$27.81 |
$34.64 |
Total Return
(%) |
(12.02) |
71.98b |
(2.48)b |
(15.12)b |
15.61b |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ thousands) |
715 |
417 |
233 |
138 |
2,723 |
Ratio of
expenses before expense reductions (%) |
.86 |
.87 |
.95 |
.85 |
.88 |
Ratio of
expenses after expense reductions (%) |
.86 |
.83 |
.79 |
.79 |
.79 |
Ratio of net
investment income (%) |
.31 |
.15 |
.50 |
.24 |
.59 |
Portfolio
turnover rate (%) |
31 |
32 |
15 |
21 |
44 |
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 | 79 | Financial Highlights |
DWS
Small Cap Core Fund — Institutional Class | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$46.28 |
$27.04 |
$27.79 |
$34.62 |
$31.72 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.11 |
.02 |
.13 |
.07 |
.12 |
Net realized
and unrealized gain (loss) |
(5.58) |
19.36 |
(.81) |
(5.38) |
4.61 |
Total
from investment operations |
(5.47) |
19.38 |
(.68) |
(5.31) |
4.73 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
— |
(.14) |
(.06) |
(.12) |
(.14) |
Net realized
gains |
(.81) |
— |
(.01) |
(1.40) |
(1.69) |
Total
distributions |
(.81) |
(.14) |
(.07) |
(1.52) |
(1.83) |
Net
asset value, end of period |
$40.00 |
$46.28 |
$27.04 |
$27.79 |
$34.62 |
Total Return
(%) |
(12.07) |
71.88b |
(2.49)b |
(15.15)b |
15.61b |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
114 |
75 |
23 |
29 |
48 |
Ratio of
expenses before expense reductions (%) |
.91 |
.93 |
.96 |
.99 |
.96 |
Ratio of
expenses after expense reductions (%) |
.91 |
.91 |
.84 |
.84 |
.84 |
Ratio of net
investment income (%) |
.25 |
.04 |
.48 |
.26 |
.38 |
Portfolio
turnover rate (%) |
31 |
32 |
15 |
21 |
44 |
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 | 80 | Financial Highlights |
DWS
Small Cap Core Fund — Class S | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$46.32 |
$27.05 |
$27.81 |
$34.64 |
$31.73 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.09 |
.02 |
.11 |
.06 |
.08 |
Net realized
and unrealized gain (loss) |
(5.58) |
19.37 |
(.82) |
(5.38) |
4.63 |
Total
from investment operations |
(5.49) |
19.39 |
(.71) |
(5.32) |
4.71 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
— |
(.12) |
(.04) |
(.11) |
(.11) |
Net realized
gains |
(.81) |
— |
(.01) |
(1.40) |
(1.69) |
Total
distributions |
(.81) |
(.12) |
(.05) |
(1.51) |
(1.80) |
Net
asset value, end of period |
$40.02 |
$46.32 |
$27.05 |
$27.81 |
$34.64 |
Total Return
(%) |
(12.09) |
71.84b |
(2.57)b |
(15.21)b |
15.52b |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
115 |
117 |
72 |
105 |
179 |
Ratio of
expenses before expense reductions (%) |
.94 |
.95 |
1.01 |
1.02 |
1.02 |
Ratio of
expenses after expense reductions (%) |
.94 |
.92 |
.89 |
.89 |
.89 |
Ratio of net
investment income (%) |
.21 |
.04 |
.40 |
.21 |
.23 |
Portfolio
turnover rate (%) |
31 |
32 |
15 |
21 |
44 |
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
Small Cap Growth Fund — Class A | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$39.34 |
$29.18 |
$26.56 |
$36.89 |
$33.55 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)a |
(.20) |
(.25) |
(.11) |
(.08) |
(.17) |
Net realized
and unrealized gain (loss) |
(9.56) |
10.41 |
2.73 |
(4.59) |
4.97 |
Total
from investment operations |
(9.76) |
10.16 |
2.62 |
(4.67) |
4.80 |
Less
distributions from: |
|
|
|
|
|
Net realized
gains |
(3.82) |
— |
— |
(5.66) |
(1.46) |
Net
asset value, end of period |
$25.76 |
$39.34 |
$29.18 |
$26.56 |
$36.89 |
Total Return
(%)b,c |
(27.45) |
34.82 |
9.86 |
(11.78) |
14.82 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
107 |
164 |
134 |
145 |
192 |
Ratio of
expenses before expense reductions (%) |
1.23 |
1.21 |
1.25 |
1.26 |
1.26 |
Ratio of
expenses after expense reductions (%) |
1.22 |
1.21 |
1.22 |
1.21 |
1.16 |
Ratio of net
investment income (loss) (%) |
(.61) |
(.67) |
(.41) |
(.30) |
(.49) |
Portfolio
turnover rate (%) |
14 |
20 |
14 |
16 |
43 |
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 | 82 | Financial Highlights |
DWS
Small Cap Growth Fund — Class C | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$31.06 |
$23.21 |
$21.29 |
$31.10 |
$28.72 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)a |
(.34) |
(.42) |
(.25) |
(.24) |
(.38) |
Net realized
and unrealized gain (loss) |
(7.30) |
8.27 |
2.17 |
(3.91) |
4.22 |
Total
from investment operations |
(7.64) |
7.85 |
1.92 |
(4.15) |
3.84 |
Less
distributions from: |
|
|
|
|
|
Net realized
gains |
(3.82) |
— |
— |
(5.66) |
(1.46) |
Net
asset value, end of period |
$19.60 |
$31.06 |
$23.21 |
$21.29 |
$31.10 |
Total Return
(%)b,c |
(27.99) |
33.82 |
9.02 |
(12.41) |
13.89 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
2 |
4 |
5 |
5 |
9 |
Ratio of
expenses before expense reductions (%) |
2.12 |
2.07 |
2.10 |
2.06 |
2.08 |
Ratio of
expenses after expense reductions (%) |
1.97 |
1.96 |
1.97 |
1.96 |
1.93 |
Ratio of net
investment income (loss) (%) |
(1.36) |
(1.41) |
(1.16) |
(1.05) |
(1.27) |
Portfolio
turnover rate (%) |
14 |
20 |
14 |
16 |
43 |
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 | 83 | Financial Highlights |
DWS
Small Cap Growth Fund — Class R | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data |
|
|
|
|
|
Net
asset value, beginning of period |
$38.14 |
$28.36 |
$25.87 |
$36.18 |
$33.03 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)a |
(.27) |
(.34) |
(.17) |
(.15) |
(.27) |
Net realized
and unrealized gain (loss) |
(9.22) |
10.12 |
2.66 |
(4.50) |
4.88 |
Total
from investment operations |
(9.49) |
9.78 |
2.49 |
(4.65) |
4.61 |
Less
distributions from: |
|
|
|
|
|
Net realized
gains |
(3.82) |
— |
— |
(5.66) |
(1.46) |
Net
asset value, end of period |
$24.83 |
$38.14 |
$28.36 |
$25.87 |
$36.18 |
Total Return
(%)b |
(27.61) |
34.49 |
9.63 |
(11.99) |
14.46 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
2 |
3 |
3 |
3 |
4 |
Ratio of
expenses before expense reductions (%) |
1.59 |
1.57 |
1.59 |
1.62 |
1.59 |
Ratio of
expenses after expense reductions (%) |
1.47 |
1.46 |
1.47 |
1.46 |
1.45 |
Ratio of net
investment income (loss) (%) |
(.85) |
(.92) |
(.67) |
(.54) |
(.79) |
Portfolio
turnover rate (%) |
14 |
20 |
14 |
16 |
43 |
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 | 84 | Financial Highlights |
DWS
Small Cap Growth Fund — Class R6 | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data |
|
|
|
|
|
Net
asset value, beginning of period |
$40.29 |
$29.78 |
$27.03 |
$37.32 |
$33.82 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)a |
(.08) |
(.13) |
(.02) |
(.01) |
(.07) |
Net realized
and unrealized gain (loss) |
(9.84) |
10.64 |
2.77 |
(4.62) |
5.03 |
Total
from investment operations |
(9.92) |
10.51 |
2.75 |
(4.63) |
4.96 |
Less
distributions from: |
|
|
|
|
|
Net realized
gains |
(3.82) |
— |
— |
(5.66) |
(1.46) |
Net
asset value, end of period |
$26.55 |
$40.29 |
$29.78 |
$27.03 |
$37.32 |
Total Return
(%) |
(27.18)b |
35.29 |
10.17 |
(11.50) |
15.15 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ thousands) |
257 |
319 |
222 |
306 |
953 |
Ratio of
expenses before expense reductions (%) |
.91 |
.87 |
.89 |
.89 |
.86 |
Ratio of
expenses after expense reductions (%) |
.86 |
.87 |
.89 |
.89 |
.86 |
Ratio of net
investment income (loss) (%) |
(.25) |
(.34) |
(.08) |
(.02) |
(.20) |
Portfolio
turnover rate (%) |
14 |
20 |
14 |
16 |
43 |
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 | 85 | Financial Highlights |
DWS
Small Cap Growth Fund — Institutional Class | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$42.54 |
$31.48 |
$28.58 |
$39.09 |
$35.39 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment (loss)a |
(.11) |
(.17) |
(.05) |
(.01) |
(.10) |
Net realized
and unrealized gain (loss) |
(10.43) |
11.23 |
2.95 |
(4.84) |
5.26 |
Total
from investment operations |
(10.54) |
11.06 |
2.90 |
(4.85) |
5.16 |
Less
distributions from: |
|
|
|
|
|
Net realized
gains |
(3.82) |
— |
— |
(5.66) |
(1.46) |
Net
asset value, end of period |
$28.18 |
$42.54 |
$31.48 |
$28.58 |
$39.09 |
Total Return
(%)b |
(27.20) |
35.13 |
10.15 |
(11.55) |
15.07 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
5 |
9 |
10 |
9 |
13 |
Ratio of
expenses before expense reductions (%) |
.93 |
.97 |
.99 |
.99 |
.94 |
Ratio of
expenses after expense reductions (%) |
.91 |
.96 |
.97 |
.95 |
.92 |
Ratio of net
investment income (loss) (%) |
(.31) |
(.42) |
(.17) |
(.05) |
(.27) |
Portfolio
turnover rate (%) |
14 |
20 |
14 |
16 |
43 |
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
Small Cap Growth Fund — Class S | |||||
|
Years Ended
September 30, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$41.90 |
$30.99 |
$28.14 |
$38.60 |
$34.96 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)a |
(.12) |
(.16) |
(.05) |
(.01) |
(.09) |
Net realized
and unrealized gain (loss) |
(10.27) |
11.07 |
2.90 |
(4.79) |
5.19 |
Total
from investment operations |
(10.39) |
10.91 |
2.85 |
(4.80) |
5.10 |
Less
distributions from: |
|
|
|
|
|
Net realized
gains |
(3.82) |
— |
— |
(5.66) |
(1.46) |
Net
asset value, end of period |
$27.69 |
$41.90 |
$30.99 |
$28.14 |
$38.60 |
Total Return
(%) |
(27.26)b |
35.20 |
10.13b |
(11.56)b |
15.09b |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
144 |
214 |
174 |
184 |
235 |
Ratio of
expenses before expense reductions (%) |
.98 |
.95 |
.99 |
1.00 |
.98 |
Ratio of
expenses after expense reductions (%) |
.96 |
.95 |
.97 |
.95 |
.92 |
Ratio of net
investment income (loss) (%) |
(.35) |
(.41) |
(.16) |
(.04) |
(.25) |
Portfolio
turnover rate (%) |
14 |
20 |
14 |
16 |
43 |
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 | 87 | 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% |
0.90% |
-1.89% |
$9,811.43 |
$661.56 |
2 |
10.25% |
0.90% |
2.14% |
$10,213.69 |
$90.11 |
3 |
15.76% |
0.90% |
6.32% |
$10,632.45 |
$93.81 |
4 |
21.55% |
0.90% |
10.68% |
$11,068.39 |
$97.65 |
5 |
27.63% |
0.90% |
15.22% |
$11,522.19 |
$101.66 |
6 |
34.01% |
0.90% |
19.95% |
$11,994.60 |
$105.83 |
7 |
40.71% |
0.90% |
24.86% |
$12,486.38 |
$110.16 |
8 |
47.75% |
0.90% |
29.98% |
$12,998.32 |
$114.68 |
9 |
55.13% |
0.90% |
35.31% |
$13,531.25 |
$119.38 |
10 |
62.89% |
0.90% |
40.86% |
$14,086.03 |
$124.28 |
Total |
$1,619.12 |
Prospectus February 1, 2023 | 88 | 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% |
1.76% |
3.24% |
$10,324.00 |
$178.85 |
2 |
10.25% |
1.76% |
6.58% |
$10,658.50 |
$184.65 |
3 |
15.76% |
1.76% |
10.04% |
$11,003.83 |
$190.63 |
4 |
21.55% |
1.76% |
13.60% |
$11,360.36 |
$196.80 |
5 |
27.63% |
1.76% |
17.28% |
$11,728.43 |
$203.18 |
6 |
34.01% |
1.76% |
21.08% |
$12,108.43 |
$209.76 |
7 |
40.71% |
1.76% |
25.01% |
$12,500.75 |
$216.56 |
8 |
47.75% |
1.76% |
29.06% |
$12,905.77 |
$223.58 |
9 |
55.13% |
0.90% |
34.35% |
$13,434.91 |
$118.53 |
10 |
62.89% |
0.90% |
39.86% |
$13,985.74 |
$123.39 |
Total |
$1,845.93 |
|
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% |
1.31% |
3.69% |
$10,369.00 |
$133.42 |
2 |
10.25% |
1.35% |
7.47% |
$10,747.47 |
$142.54 |
3 |
15.76% |
1.35% |
11.40% |
$11,139.75 |
$147.74 |
4 |
21.55% |
1.35% |
15.46% |
$11,546.35 |
$153.13 |
5 |
27.63% |
1.35% |
19.68% |
$11,967.79 |
$158.72 |
6 |
34.01% |
1.35% |
24.05% |
$12,404.62 |
$164.51 |
7 |
40.71% |
1.35% |
28.57% |
$12,857.39 |
$170.52 |
8 |
47.75% |
1.35% |
33.27% |
$13,326.68 |
$176.74 |
9 |
55.13% |
1.35% |
38.13% |
$13,813.11 |
$183.19 |
10 |
62.89% |
1.35% |
43.17% |
$14,317.28 |
$189.88 |
Total |
$1,620.39 |
Prospectus February 1, 2023 | 89 | 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% |
0.60% |
8.99% |
$10,899.36 |
$64.02 |
3 |
15.76% |
0.60% |
13.79% |
$11,378.93 |
$66.83 |
4 |
21.55% |
0.60% |
18.80% |
$11,879.60 |
$69.78 |
5 |
27.63% |
0.60% |
24.02% |
$12,402.31 |
$72.85 |
6 |
34.01% |
0.60% |
29.48% |
$12,948.01 |
$76.05 |
7 |
40.71% |
0.60% |
35.18% |
$13,517.72 |
$79.40 |
8 |
47.75% |
0.60% |
41.13% |
$14,112.50 |
$82.89 |
9 |
55.13% |
0.60% |
47.33% |
$14,733.45 |
$86.54 |
10 |
62.89% |
0.60% |
53.82% |
$15,381.72 |
$90.35 |
Total |
$750.03 |
|
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% |
0.68% |
4.32% |
$10,432.00 |
$69.47 |
2 |
10.25% |
0.68% |
8.83% |
$10,882.66 |
$72.47 |
3 |
15.76% |
0.68% |
13.53% |
$11,352.79 |
$75.60 |
4 |
21.55% |
0.68% |
18.43% |
$11,843.23 |
$78.87 |
5 |
27.63% |
0.68% |
23.55% |
$12,354.86 |
$82.27 |
6 |
34.01% |
0.68% |
28.89% |
$12,888.59 |
$85.83 |
7 |
40.71% |
0.68% |
34.45% |
$13,445.38 |
$89.54 |
8 |
47.75% |
0.68% |
40.26% |
$14,026.22 |
$93.40 |
9 |
55.13% |
0.68% |
46.32% |
$14,632.15 |
$97.44 |
10 |
62.89% |
0.68% |
52.64% |
$15,264.26 |
$101.65 |
Total |
$846.54 |
Prospectus February 1, 2023 | 90 | 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:
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% |
0.83% |
-1.82% |
$9,818.02 |
$654.86 |
2 |
10.25% |
0.83% |
2.27% |
$10,227.43 |
$83.19 |
3 |
15.76% |
0.83% |
6.54% |
$10,653.92 |
$86.66 |
4 |
21.55% |
0.83% |
10.98% |
$11,098.19 |
$90.27 |
5 |
27.63% |
0.83% |
15.61% |
$11,560.98 |
$94.04 |
6 |
34.01% |
0.83% |
20.43% |
$12,043.07 |
$97.96 |
7 |
40.71% |
0.83% |
25.45% |
$12,545.27 |
$102.04 |
8 |
47.75% |
0.83% |
30.68% |
$13,068.41 |
$106.30 |
9 |
55.13% |
0.83% |
36.13% |
$13,613.36 |
$110.73 |
10 |
62.89% |
0.83% |
41.81% |
$14,181.04 |
$115.35 |
Total |
$1,541.40 |
Prospectus February 1, 2023 | 91 | 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% |
1.59% |
3.41% |
$10,341.00 |
$161.71 |
2 |
10.25% |
1.59% |
6.94% |
$10,693.63 |
$167.23 |
3 |
15.76% |
1.59% |
10.58% |
$11,058.28 |
$172.93 |
4 |
21.55% |
1.59% |
14.35% |
$11,435.37 |
$178.82 |
5 |
27.63% |
1.59% |
18.25% |
$11,825.31 |
$184.92 |
6 |
34.01% |
1.59% |
22.29% |
$12,228.56 |
$191.23 |
7 |
40.71% |
1.59% |
26.46% |
$12,645.55 |
$197.75 |
8 |
47.75% |
1.59% |
30.77% |
$13,076.76 |
$204.49 |
9 |
55.13% |
0.83% |
36.22% |
$13,622.07 |
$110.80 |
10 |
62.89% |
0.83% |
41.90% |
$14,190.11 |
$115.42 |
Total |
$1,685.30 |
|
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% |
1.24% |
3.76% |
$10,376.00 |
$126.33 |
2 |
10.25% |
1.24% |
7.66% |
$10,766.14 |
$131.08 |
3 |
15.76% |
1.24% |
11.71% |
$11,170.94 |
$136.01 |
4 |
21.55% |
1.24% |
15.91% |
$11,590.97 |
$141.12 |
5 |
27.63% |
1.24% |
20.27% |
$12,026.79 |
$146.43 |
6 |
34.01% |
1.24% |
24.79% |
$12,479.00 |
$151.94 |
7 |
40.71% |
1.24% |
29.48% |
$12,948.21 |
$157.65 |
8 |
47.75% |
1.24% |
34.35% |
$13,435.06 |
$163.58 |
9 |
55.13% |
1.24% |
39.40% |
$13,940.22 |
$169.73 |
10 |
62.89% |
1.24% |
44.64% |
$14,464.37 |
$176.11 |
Total |
$1,499.98 |
Prospectus February 1, 2023 | 92 | 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% |
0.56% |
4.44% |
$10,444.00 |
$57.24 |
2 |
10.25% |
0.57% |
9.07% |
$10,906.67 |
$60.85 |
3 |
15.76% |
0.57% |
13.90% |
$11,389.83 |
$63.55 |
4 |
21.55% |
0.57% |
18.94% |
$11,894.40 |
$66.36 |
5 |
27.63% |
0.57% |
24.21% |
$12,421.33 |
$69.30 |
6 |
34.01% |
0.57% |
29.72% |
$12,971.59 |
$72.37 |
7 |
40.71% |
0.57% |
35.46% |
$13,546.23 |
$75.58 |
8 |
47.75% |
0.57% |
41.46% |
$14,146.33 |
$78.92 |
9 |
55.13% |
0.57% |
47.73% |
$14,773.01 |
$82.42 |
10 |
62.89% |
0.57% |
54.27% |
$15,427.46 |
$86.07 |
Total |
$712.66 |
Prospectus February 1, 2023 | 93 | 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% |
0.56% |
4.44% |
$10,444.00 |
$57.24 |
2 |
10.25% |
0.56% |
9.08% |
$10,907.71 |
$59.78 |
3 |
15.76% |
0.56% |
13.92% |
$11,392.02 |
$62.44 |
4 |
21.55% |
0.56% |
18.98% |
$11,897.82 |
$65.21 |
5 |
27.63% |
0.56% |
24.26% |
$12,426.08 |
$68.11 |
6 |
34.01% |
0.56% |
29.78% |
$12,977.80 |
$71.13 |
7 |
40.71% |
0.56% |
35.54% |
$13,554.02 |
$74.29 |
8 |
47.75% |
0.56% |
41.56% |
$14,155.82 |
$77.59 |
9 |
55.13% |
0.56% |
47.84% |
$14,784.33 |
$81.03 |
10 |
62.89% |
0.56% |
54.41% |
$15,440.76 |
$84.63 |
Total |
$701.45 |
|
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% |
1.21% |
-2.18% |
$9,782.21 |
$691.20 |
2 |
10.25% |
1.21% |
1.53% |
$10,152.95 |
$120.61 |
3 |
15.76% |
1.21% |
5.38% |
$10,537.75 |
$125.18 |
4 |
21.55% |
1.21% |
9.37% |
$10,937.13 |
$129.92 |
5 |
27.63% |
1.21% |
13.52% |
$11,351.65 |
$134.85 |
6 |
34.01% |
1.21% |
17.82% |
$11,781.88 |
$139.96 |
7 |
40.71% |
1.21% |
22.28% |
$12,228.41 |
$145.26 |
8 |
47.75% |
1.21% |
26.92% |
$12,691.87 |
$150.77 |
9 |
55.13% |
1.21% |
31.73% |
$13,172.89 |
$156.48 |
10 |
62.89% |
1.21% |
36.72% |
$13,672.14 |
$162.41 |
Total |
$1,956.64 |
Prospectus February 1, 2023 | 94 | 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% |
1.98% |
3.02% |
$10,302.00 |
$200.99 |
2 |
10.25% |
1.98% |
6.13% |
$10,613.12 |
$207.06 |
3 |
15.76% |
1.98% |
9.34% |
$10,933.64 |
$213.31 |
4 |
21.55% |
1.98% |
12.64% |
$11,263.83 |
$219.75 |
5 |
27.63% |
1.98% |
16.04% |
$11,604.00 |
$226.39 |
6 |
34.01% |
1.98% |
19.54% |
$11,954.44 |
$233.23 |
7 |
40.71% |
1.98% |
23.15% |
$12,315.47 |
$240.27 |
8 |
47.75% |
1.98% |
26.87% |
$12,687.39 |
$247.53 |
9 |
55.13% |
1.21% |
31.68% |
$13,168.24 |
$156.43 |
10 |
62.89% |
1.21% |
36.67% |
$13,667.32 |
$162.36 |
Total |
$2,107.32 |
|
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% |
0.87% |
4.13% |
$10,413.00 |
$88.80 |
2 |
10.25% |
0.87% |
8.43% |
$10,843.06 |
$92.46 |
3 |
15.76% |
0.87% |
12.91% |
$11,290.88 |
$96.28 |
4 |
21.55% |
0.87% |
17.57% |
$11,757.19 |
$100.26 |
5 |
27.63% |
0.87% |
22.43% |
$12,242.76 |
$104.40 |
6 |
34.01% |
0.87% |
27.48% |
$12,748.39 |
$108.71 |
7 |
40.71% |
0.87% |
32.75% |
$13,274.89 |
$113.20 |
8 |
47.75% |
0.87% |
38.23% |
$13,823.15 |
$117.88 |
9 |
55.13% |
0.87% |
43.94% |
$14,394.04 |
$122.74 |
10 |
62.89% |
0.87% |
49.89% |
$14,988.52 |
$127.81 |
Total |
$1,072.54 |
Prospectus February 1, 2023 | 95 | 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% |
0.92% |
4.08% |
$10,408.00 |
$93.88 |
2 |
10.25% |
0.92% |
8.33% |
$10,832.65 |
$97.71 |
3 |
15.76% |
0.92% |
12.75% |
$11,274.62 |
$101.69 |
4 |
21.55% |
0.92% |
17.35% |
$11,734.62 |
$105.84 |
5 |
27.63% |
0.92% |
22.13% |
$12,213.40 |
$110.16 |
6 |
34.01% |
0.92% |
27.12% |
$12,711.70 |
$114.66 |
7 |
40.71% |
0.92% |
32.30% |
$13,230.34 |
$119.33 |
8 |
47.75% |
0.92% |
37.70% |
$13,770.14 |
$124.20 |
9 |
55.13% |
0.92% |
43.32% |
$14,331.96 |
$129.27 |
10 |
62.89% |
0.92% |
49.17% |
$14,916.70 |
$134.54 |
Total |
$1,131.28 |
|
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% |
0.95% |
4.05% |
$10,405.00 |
$96.92 |
2 |
10.25% |
0.95% |
8.26% |
$10,826.40 |
$100.85 |
3 |
15.76% |
0.95% |
12.65% |
$11,264.87 |
$104.93 |
4 |
21.55% |
0.95% |
17.21% |
$11,721.10 |
$109.18 |
5 |
27.63% |
0.95% |
21.96% |
$12,195.80 |
$113.61 |
6 |
34.01% |
0.95% |
26.90% |
$12,689.73 |
$118.21 |
7 |
40.71% |
0.95% |
32.04% |
$13,203.67 |
$122.99 |
8 |
47.75% |
0.95% |
37.38% |
$13,738.42 |
$127.97 |
9 |
55.13% |
0.95% |
42.95% |
$14,294.82 |
$133.16 |
10 |
62.89% |
0.95% |
48.74% |
$14,873.76 |
$138.55 |
Total |
$1,166.37 |
Prospectus February 1, 2023 | 96 | Appendix A |
|
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% |
1.23% |
-2.20% |
$9,780.32 |
$693.11 |
2 |
10.25% |
1.23% |
1.49% |
$10,149.04 |
$122.57 |
3 |
15.76% |
1.23% |
5.32% |
$10,531.66 |
$127.19 |
4 |
21.55% |
1.23% |
9.29% |
$10,928.70 |
$131.98 |
5 |
27.63% |
1.23% |
13.41% |
$11,340.72 |
$136.96 |
6 |
34.01% |
1.23% |
17.68% |
$11,768.26 |
$142.12 |
7 |
40.71% |
1.23% |
22.12% |
$12,211.92 |
$147.48 |
8 |
47.75% |
1.23% |
26.72% |
$12,672.31 |
$153.04 |
9 |
55.13% |
1.23% |
31.50% |
$13,150.06 |
$158.81 |
10 |
62.89% |
1.23% |
36.46% |
$13,645.82 |
$164.79 |
Total |
$1,978.05 |
|
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% |
2.00% |
3.00% |
$10,300.00 |
$203.00 |
2 |
10.25% |
2.12% |
5.97% |
$10,596.64 |
$221.50 |
3 |
15.76% |
2.12% |
9.02% |
$10,901.82 |
$227.88 |
4 |
21.55% |
2.12% |
12.16% |
$11,215.80 |
$234.45 |
5 |
27.63% |
2.12% |
15.39% |
$11,538.81 |
$241.20 |
6 |
34.01% |
2.12% |
18.71% |
$11,871.13 |
$248.15 |
7 |
40.71% |
2.12% |
22.13% |
$12,213.02 |
$255.29 |
8 |
47.75% |
2.12% |
25.65% |
$12,564.75 |
$262.64 |
9 |
55.13% |
1.23% |
30.38% |
$13,038.44 |
$157.46 |
10 |
62.89% |
1.23% |
35.30% |
$13,529.99 |
$163.40 |
Total |
$2,214.97 |
Prospectus February 1, 2023 | 97 | 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% |
1.50% |
3.50% |
$10,350.00 |
$152.63 |
2 |
10.25% |
1.59% |
7.03% |
$10,702.94 |
$167.37 |
3 |
15.76% |
1.59% |
10.68% |
$11,067.91 |
$173.08 |
4 |
21.55% |
1.59% |
14.45% |
$11,445.32 |
$178.98 |
5 |
27.63% |
1.59% |
18.36% |
$11,835.61 |
$185.08 |
6 |
34.01% |
1.59% |
22.39% |
$12,239.20 |
$191.39 |
7 |
40.71% |
1.59% |
26.57% |
$12,656.56 |
$197.92 |
8 |
47.75% |
1.59% |
30.88% |
$13,088.15 |
$204.67 |
9 |
55.13% |
1.59% |
35.34% |
$13,534.45 |
$211.65 |
10 |
62.89% |
1.59% |
39.96% |
$13,995.98 |
$218.87 |
Total |
$1,881.64 |
|
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% |
0.91% |
4.09% |
$10,409.00 |
$92.86 |
2 |
10.25% |
0.91% |
8.35% |
$10,834.73 |
$96.66 |
3 |
15.76% |
0.91% |
12.78% |
$11,277.87 |
$100.61 |
4 |
21.55% |
0.91% |
17.39% |
$11,739.13 |
$104.73 |
5 |
27.63% |
0.91% |
22.19% |
$12,219.26 |
$109.01 |
6 |
34.01% |
0.91% |
27.19% |
$12,719.03 |
$113.47 |
7 |
40.71% |
0.91% |
32.39% |
$13,239.24 |
$118.11 |
8 |
47.75% |
0.91% |
37.81% |
$13,780.73 |
$122.94 |
9 |
55.13% |
0.91% |
43.44% |
$14,344.36 |
$127.97 |
10 |
62.89% |
0.91% |
49.31% |
$14,931.04 |
$133.20 |
Total |
$1,119.56 |
Prospectus February 1, 2023 | 98 | 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% |
0.93% |
4.07% |
$10,407.00 |
$94.89 |
2 |
10.25% |
0.93% |
8.31% |
$10,830.56 |
$98.75 |
3 |
15.76% |
0.93% |
12.71% |
$11,271.37 |
$102.77 |
4 |
21.55% |
0.93% |
17.30% |
$11,730.11 |
$106.96 |
5 |
27.63% |
0.93% |
22.08% |
$12,207.53 |
$111.31 |
6 |
34.01% |
0.93% |
27.04% |
$12,704.38 |
$115.84 |
7 |
40.71% |
0.93% |
32.21% |
$13,221.44 |
$120.56 |
8 |
47.75% |
0.93% |
37.60% |
$13,759.56 |
$125.46 |
9 |
55.13% |
0.93% |
43.20% |
$14,319.57 |
$130.57 |
10 |
62.89% |
0.93% |
49.02% |
$14,902.38 |
$135.88 |
Total |
$1,142.99 |
|
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% |
0.98% |
4.02% |
$10,402.00 |
$99.97 |
2 |
10.25% |
0.98% |
8.20% |
$10,820.16 |
$103.99 |
3 |
15.76% |
0.98% |
12.55% |
$11,255.13 |
$108.17 |
4 |
21.55% |
0.98% |
17.08% |
$11,707.59 |
$112.52 |
5 |
27.63% |
0.98% |
21.78% |
$12,178.23 |
$117.04 |
6 |
34.01% |
0.98% |
26.68% |
$12,667.80 |
$121.75 |
7 |
40.71% |
0.98% |
31.77% |
$13,177.04 |
$126.64 |
8 |
47.75% |
0.98% |
37.07% |
$13,706.76 |
$131.73 |
9 |
55.13% |
0.98% |
42.58% |
$14,257.77 |
$137.03 |
10 |
62.89% |
0.98% |
48.31% |
$14,830.93 |
$142.53 |
Total |
$1,201.37 |
Prospectus February 1, 2023 | 99 | Appendix A |
Prospectus February 1, 2023 | 100 | Appendix A |
Prospectus February 1, 2023 | 101 | Appendix B |
Prospectus February 1, 2023 | 102 | Appendix B |
Prospectus February 1, 2023 | 103 | Appendix B |
Prospectus February 1, 2023 | 104 | Appendix B |
Prospectus February 1, 2023 | 105 | Appendix B |
Prospectus February 1, 2023 | 106 | Appendix B |
Prospectus February 1, 2023 | 107 | Appendix B |
Prospectus February 1, 2023 | 108 | 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 Investment Trust
DWS
Capital Growth Fund
811-00043
Deutsche
DWS Investment Trust
DWS
Core Equity Fund
811-00043
Deutsche
DWS Investment Trust
DWS
Small Cap Core Fund
811-00043
Deutsche
DWS Investment Trust
DWS
Small Cap Growth Fund
811-00043
|