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 | |
5 | |
5 | |
5 | |
6 | |
6 | |
| |
7 | |
7 | |
8 | |
8 | |
11 | |
11 | |
11 | |
12 | |
12 | |
| |
13 | |
13 | |
14 | |
14 | |
17 | |
17 | |
17 | |
18 | |
18 |
| |
19 | |
19 | |
20 | |
21 | |
23 | |
23 | |
23 | |
24 | |
24 | |
| |
25 | |
25 | |
29 | |
33 | |
37 | |
41 | |
42 | |
44
|
|
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, 2024 | 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 |
|
|
|
|
|
|
Years |
A |
C |
R |
R6 |
INST |
S |
1 |
$ |
$ |
$ |
$ |
$ |
$ |
3 |
|
|
|
|
|
|
5 |
|
|
|
|
|
|
10 |
|
|
|
|
|
|
Prospectus February 1, 2024 | 7 | DWS Core Equity Fund |
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 |
|
|
|
|
|
Total
annual fund operating
expenses |
|
|
|
|
|
Years |
A |
C |
R6 |
INST |
S |
1 |
$ |
$ |
$ |
$ |
$ |
3 |
|
|
|
|
|
5 |
|
|
|
|
|
10 |
|
|
|
|
|
Prospectus February 1, 2024 | 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, 2024 | 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 |
|
|
|
|
INST
Class before
tax |
|
|
|
|
Class
S before
tax |
|
|
|
|
Class
R 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, 2024 | 25 | Fund Details |
Fund
Name |
Fee
Paid |
DWS Capital
Growth Fund |
0.461
% |
DWS Core
Equity Fund |
0.353
% |
DWS Small
Cap Core Fund |
0.653
% |
DWS Small
Cap Growth Fund |
0.650
% |
Prospectus February 1, 2024 | 46 | 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, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$83.38 |
$123.37 |
$104.63 |
$81.88 |
$90.54 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)a |
(.22
) |
(.42
) |
(.35
) |
(.07
) |
.06 |
Net realized
and unrealized gain (loss) |
20.15 |
(31.11
) |
25.19 |
27.67 |
2.25 |
Total
from investment operations |
19.93 |
(31.53
) |
24.84 |
27.60 |
2.31 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
— |
— |
— |
(.04
) |
— |
Net realized
gains |
(6.40
) |
(8.46
) |
(6.10
) |
(4.81
) |
(10.97
) |
Total
distributions |
(6.40
) |
(8.46
) |
(6.10
) |
(4.85
) |
(10.97
) |
Net
asset value, end of period |
$96.91 |
$83.38 |
$123.37 |
$104.63 |
$81.88 |
Total Return
(%)b |
25.00 |
(27.79
) |
24.71 |
35.36 |
4.91 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
706 |
613 |
927 |
796 |
644 |
Ratio of
expenses (%) |
.92 |
.90 |
.90 |
.92 |
.94 |
Ratio of net
investment income (loss) (%) |
(.24
) |
(.38
) |
(.30
) |
(.08
) |
.08 |
Portfolio
turnover rate (%) |
17 |
8 |
11 |
12 |
13 |
a |
Based on
average shares outstanding during the period. |
b |
Total return
does not reflect the effect of any sales
charges. |
Prospectus February 1, 2024 | 66 | Financial Highlights |
DWS
Capital Growth Fund — Class C | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$64.60 |
$98.14 |
$85.08 |
$67.94 |
$77.82 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)a |
(.75
) |
(1.04
) |
(1.05
) |
(.66
) |
(.50
) |
Net realized
and unrealized gain (loss) |
15.35 |
(24.04
) |
20.21 |
22.61 |
1.59 |
Total
from investment operations |
14.60 |
(25.08
) |
19.16 |
21.95 |
1.09 |
Less
distributions from: |
|
|
|
|
|
Net realized
gains |
(6.40
) |
(8.46
) |
(6.10
) |
(4.81
) |
(10.97
) |
Net
asset value, end of period |
$72.80 |
$64.60 |
$98.14 |
$85.08 |
$67.94 |
Total Return
(%)b |
23.95 |
(28.41
) |
23.65 |
34.24 |
4.02 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
9 |
9 |
13 |
16 |
15 |
Ratio of
expenses (%) |
1.76 |
1.76 |
1.75 |
1.75 |
1.78 |
Ratio of net
investment income (loss) (%) |
(1.08
) |
(1.24
) |
(1.14
) |
(.91
) |
(.76
) |
Portfolio
turnover rate (%) |
17 |
8 |
11 |
12 |
13 |
a |
Based
on average shares outstanding during the period. |
b |
Total
return does not reflect the effect of any sales
charges. |
Prospectus February 1, 2024 | 67 | Financial Highlights |
DWS
Capital Growth Fund — Class R | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data |
|
|
|
|
|
Net
asset value, beginning of period |
$79.96 |
$119.12 |
$101.64 |
$79.96 |
$89.03 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)a |
(.56
) |
(.85
) |
(.82
) |
(.39
) |
(.23
) |
Net realized
and unrealized gain (loss) |
19.27 |
(29.85
) |
24.40 |
26.88 |
2.13 |
Total
from investment operations |
18.71 |
(30.70
) |
23.58 |
26.49 |
1.90 |
Less
distributions from: |
|
|
|
|
|
Net realized
gains |
(6.40
) |
(8.46
) |
(6.10
) |
(4.81
) |
(10.97
) |
Net
asset value, end of period |
$92.27 |
$79.96 |
$119.12 |
$101.64 |
$79.96 |
Total Return
(%) |
24.52
b |
(28.11
)b |
24.17
b |
34.77 |
4.48 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
2 |
2 |
3 |
3 |
5 |
Ratio of
expenses before expense reductions (%) |
1.38 |
1.35 |
1.35 |
1.34 |
1.33 |
Ratio of
expenses after expense reductions (%) |
1.31 |
1.33 |
1.34 |
1.34 |
1.33 |
Ratio of net
investment income (loss) (%) |
(.64
) |
(.81
) |
(.74
) |
(.46
) |
(.31
) |
Portfolio
turnover rate (%) |
17 |
8 |
11 |
12 |
13 |
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, 2024 | 68 | Financial Highlights |
DWS
Capital Growth Fund — Class R6 | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data |
|
|
|
|
|
Net
asset value, beginning of period |
$84.57 |
$124.65 |
$105.51 |
$82.56 |
$91.20 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)a |
.06 |
(.07
) |
.01 |
.20 |
.31 |
Net realized
and unrealized gain (loss) |
20.47 |
(31.55
) |
25.40 |
27.88 |
2.26 |
Total
from investment operations |
20.53 |
(31.62
) |
25.41 |
28.08 |
2.57 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
— |
— |
(.17
) |
(.32
) |
(.24
) |
Net realized
gains |
(6.40
) |
(8.46
) |
(6.10
) |
(4.81
) |
(10.97
) |
Total
distributions |
(6.40
) |
(8.46
) |
(6.27
) |
(5.13
) |
(11.21
) |
Net
asset value, end of period |
$98.70 |
$84.57 |
$124.65 |
$105.51 |
$82.56 |
Total Return
(%) |
25.38 |
(27.57
) |
25.09 |
35.77 |
5.24 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
30 |
18 |
4 |
4 |
2 |
Ratio of
expenses (%) |
.61 |
.60 |
.60 |
.61 |
.62 |
Ratio of net
investment income (loss) (%) |
.07 |
(.06
) |
.01 |
.22 |
.40 |
Portfolio
turnover rate (%) |
17 |
8 |
11 |
12 |
13 |
a |
Based
on average shares outstanding during the
period. |
Prospectus February 1, 2024 | 69 | Financial Highlights |
DWS
Capital Growth Fund — Institutional Class | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$84.80 |
$125.06 |
$105.85 |
$82.79 |
$91.43 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)a |
(.02
) |
(.18
) |
(.11
) |
.13 |
.24 |
Net realized
and unrealized gain (loss) |
20.53 |
(31.62
) |
25.50 |
27.98 |
2.27 |
Total
from investment operations |
20.51 |
(31.80
) |
25.39 |
28.11 |
2.51 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
— |
— |
(.08
) |
(.24
) |
(.18
) |
Net realized
gains |
(6.40
) |
(8.46
) |
(6.10
) |
(4.81
) |
(10.97
) |
Total
distributions |
(6.40
) |
(8.46
) |
(6.18
) |
(5.05
) |
(11.15
) |
Net
asset value, end of period |
$98.91 |
$84.80 |
$125.06 |
$105.85 |
$82.79 |
Total Return
(%) |
25.28
b |
(27.63
) |
24.98 |
35.67
b |
5.14 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
88 |
74 |
124 |
94 |
56 |
Ratio of
expenses before expense reductions (%) |
.71 |
.68 |
.68 |
.70 |
.71 |
Ratio of
expenses after expense reductions (%) |
.69 |
.68 |
.68 |
.69 |
.71 |
Ratio of net
investment income (loss) (%) |
(.02
) |
(.16
) |
(.09
) |
.14 |
.31 |
Portfolio
turnover rate (%) |
17 |
8 |
11 |
12 |
13 |
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, 2024 | 70 | Financial Highlights |
DWS
Capital Growth Fund — Class S | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$84.98 |
$125.30 |
$106.03 |
$82.93 |
$91.55 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)a |
(.01
) |
(.16
) |
(.07
) |
.15 |
.26 |
Net realized
and unrealized gain (loss) |
20.57 |
(31.70
) |
25.55 |
28.02 |
2.28 |
Total
from investment operations |
20.56 |
(31.86
) |
25.48 |
28.17 |
2.54 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
— |
— |
(.11
) |
(.26
) |
(.19
) |
Net realized
gains |
(6.40
) |
(8.46
) |
(6.10
) |
(4.81
) |
(10.97
) |
Total
distributions |
(6.40
) |
(8.46
) |
(6.21
) |
(5.07
) |
(11.16
) |
Net
asset value, end of period |
$99.14 |
$84.98 |
$125.30 |
$106.03 |
$82.93 |
Total Return
(%) |
25.29 |
(27.62
) |
25.01 |
35.70 |
5.16 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
904 |
796 |
1,197 |
1,025 |
828 |
Ratio of
expenses (%) |
.68 |
.66 |
.66 |
.67 |
.69 |
Ratio of net
investment income (loss) (%) |
(.01
) |
(.15
) |
(.06
) |
.17 |
.33 |
Portfolio
turnover rate (%) |
17 |
8 |
11 |
12 |
13 |
a |
Based
on average shares outstanding during the
period. |
Prospectus February 1, 2024 | 71 | Financial Highlights |
DWS
Core Equity Fund — Class A | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$25.56 |
$34.27 |
$28.24 |
$26.80 |
$30.17 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.21 |
.17 |
.19 |
.25 |
.27 |
Net realized
and unrealized gain (loss) |
5.01 |
(4.26
) |
7.76 |
2.55 |
(.46
) |
Total
from investment operations |
5.22 |
(4.09
) |
7.95 |
2.80 |
(.19
) |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.20
) |
(.17
) |
(.19
) |
(.28
) |
(.29
) |
Net realized
gains |
(2.15
) |
(4.45
) |
(1.73
) |
(1.08
) |
(2.89
) |
Total
distributions |
(2.35
) |
(4.62
) |
(1.92
) |
(1.36
) |
(3.18
) |
Net
asset value, end of period |
$28.43 |
$25.56 |
$34.27 |
$28.24 |
$26.80 |
Total Return
(%)b |
21.32 |
(14.81
) |
29.17 |
10.71 |
1.18 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
366 |
330 |
423 |
351 |
362 |
Ratio of
expenses (%) |
.82 |
.83 |
.82 |
.84 |
.84 |
Ratio of net
investment income (%) |
.75 |
.54 |
.58 |
.95 |
1.04 |
Portfolio
turnover rate (%) |
33 |
28 |
35 |
46 |
39 |
a |
Based
on average shares outstanding during the period. |
b |
Total
return does not reflect the effect of any sales
charges. |
Prospectus February 1, 2024 | 72 | Financial Highlights |
DWS
Core Equity Fund — Class C | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$23.89 |
$32.36 |
$26.80 |
$25.49 |
$28.86 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)a |
(.00
)* |
(.07
) |
(.06
) |
.05 |
.07 |
Net realized
and unrealized gain (loss) |
4.67 |
(3.95
) |
7.35 |
2.42 |
(.46
) |
Total
from investment operations |
4.67 |
(4.02
) |
7.29 |
2.47 |
(.39
) |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
— |
— |
— |
(.08
) |
(.09
) |
Net realized
gains |
(2.15
) |
(4.45
) |
(1.73
) |
(1.08
) |
(2.89
) |
Total
distributions |
(2.15
) |
(4.45
) |
(1.73
) |
(1.16
) |
(2.98
) |
Net
asset value, end of period |
$26.41 |
$23.89 |
$32.36 |
$26.80 |
$25.49 |
Total Return
(%)b |
20.42 |
(15.48
) |
28.19 |
9.86 |
.41 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
19 |
22 |
32 |
34 |
40 |
Ratio of
expenses (%) |
1.59 |
1.59 |
1.59 |
1.61 |
1.60 |
Ratio of net
investment income (loss) (%) |
(.01
) |
(.23
) |
(.20
) |
.18 |
.28 |
Portfolio
turnover rate (%) |
33 |
28 |
35 |
46 |
39 |
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. |
Prospectus February 1, 2024 | 73 | Financial Highlights |
DWS
Core Equity Fund — Class R | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data |
|
|
|
|
|
Net
asset value, beginning of period |
$25.89 |
$34.67 |
$28.56 |
$27.08 |
$30.45 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.09 |
.04 |
.06 |
.15 |
.17 |
Net realized
and unrealized gain (loss) |
5.08 |
(4.32
) |
7.84 |
2.59 |
(.46
) |
Total
from investment operations |
5.17 |
(4.28
) |
7.90 |
2.74 |
(.29
) |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.08
) |
(.05
) |
(.06
) |
(.18
) |
(.19
) |
Net realized
gains |
(2.15
) |
(4.45
) |
(1.73
) |
(1.08
) |
(2.89
) |
Total
distributions |
(2.23
) |
(4.50
) |
(1.79
) |
(1.26
) |
(3.08
) |
Net
asset value, end of period |
$28.83 |
$25.89 |
$34.67 |
$28.56 |
$27.08 |
Total Return
(%) |
20.82 |
(15.18
) |
28.68 |
10.27 |
.78 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
2 |
2 |
2 |
2 |
2 |
Ratio of
expenses (%) |
1.25 |
1.24 |
1.22 |
1.22 |
1.25 |
Ratio of net
investment income (%) |
.32 |
.13 |
.18 |
.56 |
.64 |
Portfolio
turnover rate (%) |
33 |
28 |
35 |
46 |
39 |
a |
Based
on average shares outstanding during the
period. |
Prospectus February 1, 2024 | 74 | Financial Highlights |
DWS
Core Equity Fund — Class R6 | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data |
|
|
|
|
|
Net
asset value, beginning of period |
$25.96 |
$34.75 |
$28.61 |
$27.14 |
$30.51 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.30 |
.27 |
.32 |
.35 |
.37 |
Net realized
and unrealized gain (loss) |
5.10 |
(4.33
) |
7.86 |
2.58 |
(.46
) |
Total
from investment operations |
5.40 |
(4.06
) |
8.18 |
2.93 |
(.09
) |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.30
) |
(.28
) |
(.31
) |
(.38
) |
(.39
) |
Net realized
gains |
(2.15
) |
(4.45
) |
(1.73
) |
(1.08
) |
(2.89
) |
Total
distributions |
(2.45
) |
(4.73
) |
(2.04
) |
(1.46
) |
(3.28
) |
Net
asset value, end of period |
$28.91 |
$25.96 |
$34.75 |
$28.61 |
$27.14 |
Total Return
(%) |
21.74 |
(14.54
) |
29.64 |
11.09 |
1.55 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
10 |
20 |
31 |
12 |
14 |
Ratio of
expenses (%) |
.48 |
.48 |
.48 |
.49 |
.49 |
Ratio of net
investment income (%) |
1.08 |
.86 |
.96 |
1.29 |
1.39 |
Portfolio
turnover rate (%) |
33 |
28 |
35 |
46 |
39 |
a |
Based
on average shares outstanding during the
period. |
Prospectus February 1, 2024 | 75 | Financial Highlights |
DWS
Core Equity Fund — Institutional Class | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$25.98 |
$34.77 |
$28.63 |
$27.16 |
$30.54 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.28 |
.25 |
.28 |
.33 |
.36 |
Net realized
and unrealized gain (loss) |
5.11 |
(4.34
) |
7.87 |
2.58 |
(.47
) |
Total
from investment operations |
5.39 |
(4.09
) |
8.15 |
2.91 |
(.11
) |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.28
) |
(.25
) |
(.28
) |
(.36
) |
(.38
) |
Net realized
gains |
(2.15
) |
(4.45
) |
(1.73
) |
(1.08
) |
(2.89
) |
Total
distributions |
(2.43
) |
(4.70
) |
(2.01
) |
(1.44
) |
(3.27
) |
Net
asset value, end of period |
$28.94 |
$25.98 |
$34.77 |
$28.63 |
$27.16 |
Total Return
(%) |
21.66 |
(14.60
) |
29.52 |
11.01 |
1.47 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
201 |
196 |
297 |
269 |
169 |
Ratio of
expenses (%) |
.56 |
.57 |
.56 |
.57 |
.55 |
Ratio of net
investment income (%) |
1.00 |
.79 |
.84 |
1.24 |
1.35 |
Portfolio
turnover rate (%) |
33 |
28 |
35 |
46 |
39 |
a |
Based
on average shares outstanding during the
period. |
Prospectus February 1, 2024 | 76 | Financial Highlights |
DWS
Core Equity Fund — Class S | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$25.92 |
$34.71 |
$28.58 |
$27.11 |
$30.48 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.28 |
.26 |
.28 |
.33 |
.34 |
Net realized
and unrealized gain (loss) |
5.10 |
(4.34
) |
7.86 |
2.58 |
(.45
) |
Total
from investment operations |
5.38 |
(4.08
) |
8.14 |
2.91 |
(.11
) |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.28
) |
(.26
) |
(.28
) |
(.36
) |
(.37
) |
Net realized
gains |
(2.15
) |
(4.45
) |
(1.73
) |
(1.08
) |
(2.89
) |
Total
distributions |
(2.43
) |
(4.71
) |
(2.01
) |
(1.44
) |
(3.26
) |
Net
asset value, end of period |
$28.87 |
$25.92 |
$34.71 |
$28.58 |
$27.11 |
Total Return
(%) |
21.68 |
(14.62
) |
29.53 |
11.01 |
1.47 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
3,154 |
2,842 |
3,629 |
3,076 |
3,198 |
Ratio of
expenses (%) |
.56 |
.56 |
.55 |
.57 |
.57 |
Ratio of net
investment income (%) |
1.01 |
.81 |
.84 |
1.21 |
1.31 |
Portfolio
turnover rate (%) |
33 |
28 |
35 |
46 |
39 |
a |
Based
on average shares outstanding during the
period. |
Prospectus February 1, 2024 | 77 | Financial Highlights |
DWS
Small Cap Core Fund — Class A | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$38.00 |
$44.14 |
$25.78 |
$26.52 |
$33.12 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)a |
.27 |
(.03
) |
(.07
) |
.05 |
.01 |
Net realized
and unrealized gain (loss) |
2.65 |
(5.30
) |
18.48 |
(.78
) |
(5.16
) |
Total
from investment operations |
2.92 |
(5.33
) |
18.41 |
(.73
) |
(5.15
) |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.02
) |
— |
(.05
) |
— |
(.05
) |
Net realized
gains |
(.31
) |
(.81
) |
— |
(.01
) |
(1.40
) |
Total
distributions |
(.33
) |
(.81
) |
(.05
) |
(.01
) |
(1.45
) |
Net
asset value, end of period |
$40.59 |
$38.00 |
$44.14 |
$25.78 |
$26.52 |
Total Return
(%)b |
7.73 |
(12.32
) |
71.48
c |
(2.77
)c |
(15.38
)c |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
181 |
184 |
232 |
146 |
177 |
Ratio of
expenses before expense reductions (%) |
1.19 |
1.20 |
1.19 |
1.27 |
1.26 |
Ratio of
expenses after expense reductions (%) |
1.19 |
1.20 |
1.15 |
1.09 |
1.09 |
Ratio of net
investment income (loss) (%) |
.66 |
(.06
) |
(.19
) |
.21 |
.02 |
Portfolio
turnover rate (%) |
12 |
31 |
32 |
15 |
21 |
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, 2024 | 78 | Financial Highlights |
DWS
Small Cap Core Fund — Class C | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$30.39 |
$35.73 |
$21.00 |
$21.77 |
$27.64 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)a |
(.04
) |
(.28
) |
(.30
) |
(.11
) |
(.17
) |
Net realized
and unrealized gain (loss) |
2.12 |
(4.25
) |
15.03 |
(.65
) |
(4.30
) |
Total
from investment operations |
2.08 |
(4.53
) |
14.73 |
(.76
) |
(4.47
) |
Less
distributions from: |
|
|
|
|
|
Net realized
gains |
(.31
) |
(.81
) |
— |
(.01
) |
(1.40
) |
Net
asset value, end of period |
$32.16 |
$30.39 |
$35.73 |
$21.00 |
$21.77 |
Total Return
(%)b |
6.88 |
(13.00
) |
70.14
c |
(3.52
)c |
(16.01
)c |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
5 |
5 |
6 |
6 |
11 |
Ratio of
expenses before expense reductions (%) |
1.98 |
1.97 |
1.98 |
2.05 |
2.01 |
Ratio of
expenses after expense reductions (%) |
1.98 |
1.97 |
1.93 |
1.84 |
1.84 |
Ratio of net
investment income (loss) (%) |
(.13
) |
(.83
) |
(.97
) |
(.55
) |
(.74
) |
Portfolio
turnover rate (%) |
12 |
31 |
32 |
15 |
21 |
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, 2024 | 79 | Financial Highlights |
DWS
Small Cap Core Fund — Class R6 | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data |
|
|
|
|
|
Net
asset value, beginning of period |
$40.04 |
$46.31 |
$27.05 |
$27.81 |
$34.64 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.47 |
.14 |
.06 |
.13 |
.07 |
Net realized
and unrealized gain (loss) |
2.76 |
(5.60
) |
19.36 |
(.81
) |
(5.36
) |
Total
from investment operations |
3.23 |
(5.46
) |
19.42 |
(.68
) |
(5.29
) |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.17
) |
— |
(.16
) |
(.07
) |
(.14
) |
Net realized
gains |
(.31
) |
(.81
) |
— |
(.01
) |
(1.40
) |
Total
distributions |
(.48
) |
(.81
) |
(.16
) |
(.08
) |
(1.54
) |
Net
asset value, end of period |
$42.79 |
$40.04 |
$46.31 |
$27.05 |
$27.81 |
Total Return
(%) |
8.11 |
(12.02
) |
71.98
b |
(2.48
)b |
(15.12
)b |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ thousands) |
2,733 |
715 |
417 |
233 |
138 |
Ratio of
expenses before expense reductions (%) |
.83 |
.86 |
.87 |
.95 |
.85 |
Ratio of
expenses after expense reductions (%) |
.83 |
.86 |
.83 |
.79 |
.79 |
Ratio of net
investment income (%) |
1.10 |
.31 |
.15 |
.50 |
.24 |
Portfolio
turnover rate (%) |
12 |
31 |
32 |
15 |
21 |
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, 2024 | 80 | Financial Highlights |
DWS
Small Cap Core Fund — Institutional Class | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$40.00 |
$46.28 |
$27.04 |
$27.79 |
$34.62 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.42 |
.11 |
.02 |
.13 |
.07 |
Net realized
and unrealized gain (loss) |
2.78 |
(5.58
) |
19.36 |
(.81
) |
(5.38
) |
Total
from investment operations |
3.20 |
(5.47
) |
19.38 |
(.68
) |
(5.31
) |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.15
) |
— |
(.14
) |
(.06
) |
(.12
) |
Net realized
gains |
(.31
) |
(.81
) |
— |
(.01
) |
(1.40
) |
Total
distributions |
(.46
) |
(.81
) |
(.14
) |
(.07
) |
(1.52
) |
Net
asset value, end of period |
$42.74 |
$40.00 |
$46.28 |
$27.04 |
$27.79 |
Total Return
(%) |
8.04 |
(12.07
) |
71.88
b |
(2.49
)b |
(15.15
)b |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
293 |
114 |
75 |
23 |
29 |
Ratio of
expenses before expense reductions (%) |
.90 |
.91 |
.93 |
.96 |
.99 |
Ratio of
expenses after expense reductions (%) |
.90 |
.91 |
.91 |
.84 |
.84 |
Ratio of net
investment income (%) |
.99 |
.25 |
.04 |
.48 |
.26 |
Portfolio
turnover rate (%) |
12 |
31 |
32 |
15 |
21 |
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, 2024 | 81 | Financial Highlights |
DWS
Small Cap Core Fund — Class S | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$40.02 |
$46.32 |
$27.05 |
$27.81 |
$34.64 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.39 |
.09 |
.02 |
.11 |
.06 |
Net realized
and unrealized gain (loss) |
2.79 |
(5.58
) |
19.37 |
(.82
) |
(5.38
) |
Total
from investment operations |
3.18 |
(5.49
) |
19.39 |
(.71
) |
(5.32
) |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.13
) |
— |
(.12
) |
(.04
) |
(.11
) |
Net realized
gains |
(.31
) |
(.81
) |
— |
(.01
) |
(1.40
) |
Total
distributions |
(.44
) |
(.81
) |
(.12
) |
(.05
) |
(1.51
) |
Net
asset value, end of period |
$42.76 |
$40.02 |
$46.32 |
$27.05 |
$27.81 |
Total Return
(%) |
8.00 |
(12.09
) |
71.84
b |
(2.57
)b |
(15.21
)b |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
124 |
115 |
117 |
72 |
105 |
Ratio of
expenses before expense reductions (%) |
.94 |
.94 |
.95 |
1.01 |
1.02 |
Ratio of
expenses after expense reductions (%) |
.94 |
.94 |
.92 |
.89 |
.89 |
Ratio of net
investment income (%) |
.92 |
.21 |
.04 |
.40 |
.21 |
Portfolio
turnover rate (%) |
12 |
31 |
32 |
15 |
21 |
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, 2024 | 82 | Financial Highlights |
DWS
Small Cap Growth Fund — Class A | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$25.76 |
$39.34 |
$29.18 |
$26.56 |
$36.89 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)a |
(.09
) |
(.20
) |
(.25
) |
(.11
) |
(.08
) |
Net realized
and unrealized gain (loss) |
2.47 |
(9.56
) |
10.41 |
2.73 |
(4.59
) |
Total
from investment operations |
2.38 |
(9.76
) |
10.16 |
2.62 |
(4.67
) |
Less
distributions from: |
|
|
|
|
|
Net realized
gains |
(.11
) |
(3.82
) |
— |
— |
(5.66
) |
Net
asset value, end of period |
$28.03 |
$25.76 |
$39.34 |
$29.18 |
$26.56 |
Total Return
(%)b,c |
9.22 |
(27.45
) |
34.82 |
9.86 |
(11.78
) |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
108 |
107 |
164 |
134 |
145 |
Ratio of
expenses before expense reductions (%) |
1.27 |
1.23 |
1.21 |
1.25 |
1.26 |
Ratio of
expenses after expense reductions (%) |
1.25 |
1.22 |
1.21 |
1.22 |
1.21 |
Ratio of net
investment income (loss) (%) |
(.31
) |
(.61
) |
(.67
) |
(.41
) |
(.30
) |
Portfolio
turnover rate (%) |
6 |
14 |
20 |
14 |
16 |
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, 2024 | 83 | Financial Highlights |
DWS
Small Cap Growth Fund — Class C | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$19.60 |
$31.06 |
$23.21 |
$21.29 |
$31.10 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)a |
(.22
) |
(.34
) |
(.42
) |
(.25
) |
(.24
) |
Net realized
and unrealized gain (loss) |
1.88 |
(7.30
) |
8.27 |
2.17 |
(3.91
) |
Total
from investment operations |
1.66 |
(7.64
) |
7.85 |
1.92 |
(4.15
) |
Less
distributions from: |
|
|
|
|
|
Net realized
gains |
(.11
) |
(3.82
) |
— |
— |
(5.66
) |
Net
asset value, end of period |
$21.15 |
$19.60 |
$31.06 |
$23.21 |
$21.29 |
Total Return
(%)b,c |
8.45 |
(27.99
) |
33.82 |
9.02 |
(12.41
) |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
2 |
2 |
4 |
5 |
5 |
Ratio of
expenses before expense reductions (%) |
2.16 |
2.12 |
2.07 |
2.10 |
2.06 |
Ratio of
expenses after expense reductions (%) |
1.99 |
1.97 |
1.96 |
1.97 |
1.96 |
Ratio of net
investment income (loss) (%) |
(1.05
) |
(1.36
) |
(1.41
) |
(1.16
) |
(1.05
) |
Portfolio
turnover rate (%) |
6 |
14 |
20 |
14 |
16 |
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, 2024 | 84 | Financial Highlights |
DWS
Small Cap Growth Fund — Class R | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data |
|
|
|
|
|
Net
asset value, beginning of period |
$24.83 |
$38.14 |
$28.36 |
$25.87 |
$36.18 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)a |
(.15
) |
(.27
) |
(.34
) |
(.17
) |
(.15
) |
Net realized
and unrealized gain (loss) |
2.38 |
(9.22
) |
10.12 |
2.66 |
(4.50
) |
Total
from investment operations |
2.23 |
(9.49
) |
9.78 |
2.49 |
(4.65
) |
Less
distributions from: |
|
|
|
|
|
Net realized
gains |
(.11
) |
(3.82
) |
— |
— |
(5.66
) |
Net
asset value, end of period |
$26.95 |
$24.83 |
$38.14 |
$28.36 |
$25.87 |
Total Return
(%)b |
8.96 |
(27.61
) |
34.49 |
9.63 |
(11.99
) |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
3 |
2 |
3 |
3 |
3 |
Ratio of
expenses before expense reductions (%) |
1.60 |
1.59 |
1.57 |
1.59 |
1.62 |
Ratio of
expenses after expense reductions (%) |
1.49 |
1.47 |
1.46 |
1.47 |
1.46 |
Ratio of net
investment income (loss) (%) |
(.55
) |
(.85
) |
(.92
) |
(.67
) |
(.54
) |
Portfolio
turnover rate (%) |
6 |
14 |
20 |
14 |
16 |
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, 2024 | 85 | Financial Highlights |
DWS
Small Cap Growth Fund — Class R6 | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data |
|
|
|
|
|
Net
asset value, beginning of period |
$26.55 |
$40.29 |
$29.78 |
$27.03 |
$37.32 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)a |
.01 |
(.08
) |
(.13
) |
(.02
) |
(.01
) |
Net realized
and unrealized gain (loss) |
2.55 |
(9.84
) |
10.64 |
2.77 |
(4.62
) |
Total
from investment operations |
2.56 |
(9.92
) |
10.51 |
2.75 |
(4.63
) |
Less
distributions from: |
|
|
|
|
|
Net realized
gains |
(.11
) |
(3.82
) |
— |
— |
(5.66
) |
Net
asset value, end of period |
$29.00 |
$26.55 |
$40.29 |
$29.78 |
$27.03 |
Total Return
(%) |
9.63 |
(27.18
)b |
35.29 |
10.17 |
(11.50
) |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ thousands) |
528 |
257 |
319 |
222 |
306 |
Ratio of
expenses before expense reductions (%) |
.90 |
.91 |
.87 |
.89 |
.89 |
Ratio of
expenses after expense reductions (%) |
.90 |
.86 |
.87 |
.89 |
.89 |
Ratio of net
investment income (loss) (%) |
.03 |
(.25
) |
(.34
) |
(.08
) |
(.02
) |
Portfolio
turnover rate (%) |
6 |
14 |
20 |
14 |
16 |
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, 2024 | 86 | Financial Highlights |
DWS
Small Cap Growth Fund — Institutional Class | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$28.18 |
$42.54 |
$31.48 |
$28.58 |
$39.09 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)a |
(.01
) |
(.11
) |
(.17
) |
(.05
) |
(.01
) |
Net realized
and unrealized gain (loss) |
2.70 |
(10.43
) |
11.23 |
2.95 |
(4.84
) |
Total
from investment operations |
2.69 |
(10.54
) |
11.06 |
2.90 |
(4.85
) |
Less
distributions from: |
|
|
|
|
|
Net realized
gains |
(.11
) |
(3.82
) |
— |
— |
(5.66
) |
Net
asset value, end of period |
$30.76 |
$28.18 |
$42.54 |
$31.48 |
$28.58 |
Total Return
(%) |
9.53 |
(27.20
)b |
35.13
b |
10.15
b |
(11.55
)b |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
5 |
5 |
9 |
10 |
9 |
Ratio of
expenses before expense reductions (%) |
.97 |
.93 |
.97 |
.99 |
.99 |
Ratio of
expenses after expense reductions (%) |
.97 |
.91 |
.96 |
.97 |
.95 |
Ratio of net
investment income (loss) (%) |
(.03
) |
(.31
) |
(.42
) |
(.17
) |
(.05
) |
Portfolio
turnover rate (%) |
6 |
14 |
20 |
14 |
16 |
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, 2024 | 87 | Financial Highlights |
DWS
Small Cap Growth Fund — Class S | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$27.69 |
$41.90 |
$30.99 |
$28.14 |
$38.60 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)a |
(.02
) |
(.12
) |
(.16
) |
(.05
) |
(.01
) |
Net realized
and unrealized gain (loss) |
2.66 |
(10.27
) |
11.07 |
2.90 |
(4.79
) |
Total
from investment operations |
2.64 |
(10.39
) |
10.91 |
2.85 |
(4.80
) |
Less
distributions from: |
|
|
|
|
|
Net realized
gains |
(.11
) |
(3.82
) |
— |
— |
(5.66
) |
Net
asset value, end of period |
$30.22 |
$27.69 |
$41.90 |
$30.99 |
$28.14 |
Total Return
(%) |
9.52
b |
(27.26
)b |
35.20 |
10.13
b |
(11.56
)b |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
146 |
144 |
214 |
174 |
184 |
Ratio of
expenses before expense reductions (%) |
1.01 |
.98 |
.95 |
.99 |
1.00 |
Ratio of
expenses after expense reductions (%) |
1.00 |
.96 |
.95 |
.97 |
.95 |
Ratio of net
investment income (loss) (%) |
(.06
) |
(.35
) |
(.41
) |
(.16
) |
(.04
) |
Portfolio
turnover rate (%) |
6 |
14 |
20 |
14 |
16 |
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, 2024 | 88 | 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% |
0.92% |
-1.90% |
$9,809.54 |
$663.48 |
2 |
10.25% |
0.92% |
2.10% |
$10,209.77 |
$92.09 |
3 |
15.76% |
0.92% |
6.26% |
$10,626.33 |
$95.85 |
4 |
21.55% |
0.92% |
10.60% |
$11,059.88 |
$99.76 |
5 |
27.63% |
0.92% |
15.11% |
$11,511.13 |
$103.83 |
6 |
34.01% |
0.92% |
19.81% |
$11,980.78 |
$108.06 |
7 |
40.71% |
0.92% |
24.70% |
$12,469.59 |
$112.47 |
8 |
47.75% |
0.92% |
29.78% |
$12,978.35 |
$117.06 |
9 |
55.13% |
0.92% |
35.08% |
$13,507.87 |
$121.84 |
10 |
62.89% |
0.92% |
40.59% |
$14,058.99 |
$126.81 |
Total |
$1,641.25 |
Prospectus February 1, 2024 | 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% |
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% |
0.92% |
34.32% |
$13,432.33 |
$121.16 |
10 |
62.89% |
0.92% |
39.80% |
$13,980.37 |
$126.10 |
Total |
$1,851.27 |
|
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% |
1.30% |
3.70% |
$10,370.00 |
$132.41 |
2 |
10.25% |
1.38% |
7.45% |
$10,745.39 |
$145.70 |
3 |
15.76% |
1.38% |
11.34% |
$11,134.38 |
$150.97 |
4 |
21.55% |
1.38% |
15.37% |
$11,537.44 |
$156.44 |
5 |
27.63% |
1.38% |
19.55% |
$11,955.10 |
$162.10 |
6 |
34.01% |
1.38% |
23.88% |
$12,387.87 |
$167.97 |
7 |
40.71% |
1.38% |
28.36% |
$12,836.31 |
$174.05 |
8 |
47.75% |
1.38% |
33.01% |
$13,300.99 |
$180.35 |
9 |
55.13% |
1.38% |
37.82% |
$13,782.48 |
$186.88 |
10 |
62.89% |
1.38% |
42.81% |
$14,281.41 |
$193.64 |
Total |
$1,650.51 |
Prospectus February 1, 2024 | 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% |
0.61% |
4.39% |
$10,439.00 |
$62.34 |
2 |
10.25% |
0.61% |
8.97% |
$10,897.27 |
$65.08 |
3 |
15.76% |
0.61% |
13.76% |
$11,375.66 |
$67.93 |
4 |
21.55% |
0.61% |
18.75% |
$11,875.05 |
$70.91 |
5 |
27.63% |
0.61% |
23.96% |
$12,396.37 |
$74.03 |
6 |
34.01% |
0.61% |
29.41% |
$12,940.57 |
$77.28 |
7 |
40.71% |
0.61% |
35.09% |
$13,508.66 |
$80.67 |
8 |
47.75% |
0.61% |
41.02% |
$14,101.69 |
$84.21 |
9 |
55.13% |
0.61% |
47.21% |
$14,720.75 |
$87.91 |
10 |
62.89% |
0.61% |
53.67% |
$15,367.00 |
$91.77 |
Total |
$762.13 |
|
Maximum
Sales
Charge:
0.00% |
Initial
Hypothetical
Investment:
$10,000 |
Assumed
Rate
of
Return:
5% | ||
Year |
Cumulative
Return
Before
Fees
&
Expenses |
Annual
Fund
Expense
Ratios |
Cumulative
Return
After
Fees
&
Expenses |
Hypothetical
Year-End
Balance
After
Fees
&
Expenses |
Annual
Fees
&
Expenses |
1 |
5.00% |
0.69% |
4.31% |
$10,431.00 |
$70.49 |
2 |
10.25% |
0.71% |
8.78% |
$10,878.49 |
$75.65 |
3 |
15.76% |
0.71% |
13.45% |
$11,345.18 |
$78.89 |
4 |
21.55% |
0.71% |
18.32% |
$11,831.89 |
$82.28 |
5 |
27.63% |
0.71% |
23.39% |
$12,339.47 |
$85.81 |
6 |
34.01% |
0.71% |
28.69% |
$12,868.84 |
$89.49 |
7 |
40.71% |
0.71% |
34.21% |
$13,420.91 |
$93.33 |
8 |
47.75% |
0.71% |
39.97% |
$13,996.67 |
$97.33 |
9 |
55.13% |
0.71% |
45.97% |
$14,597.12 |
$101.51 |
10 |
62.89% |
0.71% |
52.23% |
$15,223.34 |
$105.86 |
Total |
$880.64 |
Prospectus February 1, 2024 | 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% |
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 |
|
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% |
0.82% |
-1.81% |
$9,818.97 |
$653.90 |
2 |
10.25% |
0.82% |
2.29% |
$10,229.40 |
$82.20 |
3 |
15.76% |
0.82% |
6.57% |
$10,656.99 |
$85.63 |
4 |
21.55% |
0.82% |
11.02% |
$11,102.45 |
$89.21 |
5 |
27.63% |
0.82% |
15.67% |
$11,566.53 |
$92.94 |
6 |
34.01% |
0.82% |
20.50% |
$12,050.01 |
$96.83 |
7 |
40.71% |
0.82% |
25.54% |
$12,553.70 |
$100.88 |
8 |
47.75% |
0.82% |
30.78% |
$13,078.45 |
$105.09 |
9 |
55.13% |
0.82% |
36.25% |
$13,625.13 |
$109.48 |
10 |
62.89% |
0.82% |
41.95% |
$14,194.66 |
$114.06 |
Total |
$1,530.22 |
Prospectus February 1, 2024 | 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% |
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% |
0.82% |
36.23% |
$13,623.37 |
$109.47 |
10 |
62.89% |
0.82% |
41.93% |
$14,192.83 |
$114.05 |
Total |
$1,682.60 |
|
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% |
1.25% |
7.64% |
$10,764.06 |
$132.12 |
3 |
15.76% |
1.25% |
11.68% |
$11,167.71 |
$137.07 |
4 |
21.55% |
1.25% |
15.87% |
$11,586.50 |
$142.21 |
5 |
27.63% |
1.25% |
20.21% |
$12,021.00 |
$147.55 |
6 |
34.01% |
1.25% |
24.72% |
$12,471.79 |
$153.08 |
7 |
40.71% |
1.25% |
29.39% |
$12,939.48 |
$158.82 |
8 |
47.75% |
1.25% |
34.25% |
$13,424.71 |
$164.78 |
9 |
55.13% |
1.25% |
39.28% |
$13,928.13 |
$170.96 |
10 |
62.89% |
1.25% |
44.50% |
$14,450.44 |
$177.37 |
Total |
$1,511.30 |
Prospectus February 1, 2024 | 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% |
0.48% |
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% |
0.56% |
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 |
Prospectus February 1, 2024 | 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% |
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% |
1.19% |
-2.16% |
$9,784.09 |
$689.29 |
2 |
10.25% |
1.19% |
1.57% |
$10,156.87 |
$118.65 |
3 |
15.76% |
1.19% |
5.44% |
$10,543.84 |
$123.17 |
4 |
21.55% |
1.19% |
9.46% |
$10,945.56 |
$127.86 |
5 |
27.63% |
1.19% |
13.63% |
$11,362.59 |
$132.73 |
6 |
34.01% |
1.19% |
17.96% |
$11,795.50 |
$137.79 |
7 |
40.71% |
1.19% |
22.45% |
$12,244.91 |
$143.04 |
8 |
47.75% |
1.19% |
27.11% |
$12,711.44 |
$148.49 |
9 |
55.13% |
1.19% |
31.96% |
$13,195.75 |
$154.15 |
10 |
62.89% |
1.19% |
36.99% |
$13,698.51 |
$160.02 |
Total |
$1,935.19 |
Prospectus February 1, 2024 | 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% |
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% |
1.19% |
31.71% |
$13,170.78 |
$153.86 |
10 |
62.89% |
1.19% |
36.73% |
$13,672.59 |
$159.72 |
Total |
$2,102.11 |
|
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% |
0.83% |
4.17% |
$10,417.00 |
$84.73 |
2 |
10.25% |
0.83% |
8.51% |
$10,851.39 |
$88.26 |
3 |
15.76% |
0.83% |
13.04% |
$11,303.89 |
$91.94 |
4 |
21.55% |
0.83% |
17.75% |
$11,775.26 |
$95.78 |
5 |
27.63% |
0.83% |
22.66% |
$12,266.29 |
$99.77 |
6 |
34.01% |
0.83% |
27.78% |
$12,777.80 |
$103.93 |
7 |
40.71% |
0.83% |
33.11% |
$13,310.63 |
$108.27 |
8 |
47.75% |
0.83% |
38.66% |
$13,865.68 |
$112.78 |
9 |
55.13% |
0.83% |
44.44% |
$14,443.88 |
$117.48 |
10 |
62.89% |
0.83% |
50.46% |
$15,046.19 |
$122.38 |
Total |
$1,025.32 |
Prospectus February 1, 2024 | 96 | 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% |
0.90% |
4.10% |
$10,410.00 |
$91.85 |
2 |
10.25% |
0.90% |
8.37% |
$10,836.81 |
$95.61 |
3 |
15.76% |
0.90% |
12.81% |
$11,281.12 |
$99.53 |
4 |
21.55% |
0.90% |
17.44% |
$11,743.65 |
$103.61 |
5 |
27.63% |
0.90% |
22.25% |
$12,225.13 |
$107.86 |
6 |
34.01% |
0.90% |
27.26% |
$12,726.37 |
$112.28 |
7 |
40.71% |
0.90% |
32.48% |
$13,248.15 |
$116.89 |
8 |
47.75% |
0.90% |
37.91% |
$13,791.32 |
$121.68 |
9 |
55.13% |
0.90% |
43.57% |
$14,356.76 |
$126.67 |
10 |
62.89% |
0.90% |
49.45% |
$14,945.39 |
$131.86 |
Total |
$1,107.84 |
|
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% |
0.94% |
4.06% |
$10,406.00 |
$95.91 |
2 |
10.25% |
0.94% |
8.28% |
$10,828.48 |
$99.80 |
3 |
15.76% |
0.94% |
12.68% |
$11,268.12 |
$103.85 |
4 |
21.55% |
0.94% |
17.26% |
$11,725.61 |
$108.07 |
5 |
27.63% |
0.94% |
22.02% |
$12,201.67 |
$112.46 |
6 |
34.01% |
0.94% |
26.97% |
$12,697.05 |
$117.02 |
7 |
40.71% |
0.94% |
32.13% |
$13,212.55 |
$121.78 |
8 |
47.75% |
0.94% |
37.49% |
$13,748.98 |
$126.72 |
9 |
55.13% |
0.94% |
43.07% |
$14,307.19 |
$131.86 |
10 |
62.89% |
0.94% |
48.88% |
$14,888.06 |
$137.22 |
Total |
$1,154.69 |
Prospectus February 1, 2024 | 97 | 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% |
1.26% |
-2.23% |
$9,777.50 |
$695.98 |
2 |
10.25% |
1.27% |
1.42% |
$10,142.20 |
$126.49 |
3 |
15.76% |
1.27% |
5.20% |
$10,520.50 |
$131.21 |
4 |
21.55% |
1.27% |
9.13% |
$10,912.91 |
$136.10 |
5 |
27.63% |
1.27% |
13.20% |
$11,319.97 |
$141.18 |
6 |
34.01% |
1.27% |
17.42% |
$11,742.20 |
$146.44 |
7 |
40.71% |
1.27% |
21.80% |
$12,180.18 |
$151.91 |
8 |
47.75% |
1.27% |
26.35% |
$12,634.51 |
$157.57 |
9 |
55.13% |
1.27% |
31.06% |
$13,105.77 |
$163.45 |
10 |
62.89% |
1.27% |
35.95% |
$13,594.62 |
$169.55 |
Total |
$2,019.88 |
|
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% |
2.01% |
2.99% |
$10,299.00 |
$204.00 |
2 |
10.25% |
2.16% |
5.91% |
$10,591.49 |
$225.62 |
3 |
15.76% |
2.16% |
8.92% |
$10,892.29 |
$232.02 |
4 |
21.55% |
2.16% |
12.02% |
$11,201.63 |
$238.61 |
5 |
27.63% |
2.16% |
15.20% |
$11,519.76 |
$245.39 |
6 |
34.01% |
2.16% |
18.47% |
$11,846.92 |
$252.36 |
7 |
40.71% |
2.16% |
21.83% |
$12,183.37 |
$259.53 |
8 |
47.75% |
2.16% |
25.29% |
$12,529.38 |
$266.90 |
9 |
55.13% |
1.27% |
29.97% |
$12,996.72 |
$162.09 |
10 |
62.89% |
1.27% |
34.82% |
$13,481.50 |
$168.14 |
Total |
$2,254.66 |
Prospectus February 1, 2024 | 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% |
1.51% |
3.49% |
$10,349.00 |
$153.63 |
2 |
10.25% |
1.60% |
7.01% |
$10,700.87 |
$168.40 |
3 |
15.76% |
1.60% |
10.65% |
$11,064.70 |
$174.12 |
4 |
21.55% |
1.60% |
14.41% |
$11,440.90 |
$180.04 |
5 |
27.63% |
1.60% |
18.30% |
$11,829.89 |
$186.17 |
6 |
34.01% |
1.60% |
22.32% |
$12,232.10 |
$192.50 |
7 |
40.71% |
1.60% |
26.48% |
$12,647.99 |
$199.04 |
8 |
47.75% |
1.60% |
30.78% |
$13,078.02 |
$205.81 |
9 |
55.13% |
1.60% |
35.23% |
$13,522.68 |
$212.81 |
10 |
62.89% |
1.60% |
39.82% |
$13,982.45 |
$220.04 |
Total |
$1,892.56 |
|
Maximum
Sales
Charge:
0.00% |
Initial
Hypothetical
Investment:
$10,000 |
Assumed
Rate
of
Return:
5% | ||
Year |
Cumulative
Return
Before
Fees
&
Expenses |
Annual
Fund
Expense
Ratios |
Cumulative
Return
After
Fees
&
Expenses |
Hypothetical
Year-End
Balance
After
Fees
&
Expenses |
Annual
Fees
&
Expenses |
1 |
5.00% |
0.90% |
4.10% |
$10,410.00 |
$91.85 |
2 |
10.25% |
0.90% |
8.37% |
$10,836.81 |
$95.61 |
3 |
15.76% |
0.90% |
12.81% |
$11,281.12 |
$99.53 |
4 |
21.55% |
0.90% |
17.44% |
$11,743.65 |
$103.61 |
5 |
27.63% |
0.90% |
22.25% |
$12,225.13 |
$107.86 |
6 |
34.01% |
0.90% |
27.26% |
$12,726.37 |
$112.28 |
7 |
40.71% |
0.90% |
32.48% |
$13,248.15 |
$116.89 |
8 |
47.75% |
0.90% |
37.91% |
$13,791.32 |
$121.68 |
9 |
55.13% |
0.90% |
43.57% |
$14,356.76 |
$126.67 |
10 |
62.89% |
0.90% |
49.45% |
$14,945.39 |
$131.86 |
Total |
$1,107.84 |
Prospectus February 1, 2024 | 99 | 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% |
0.97% |
4.03% |
$10,403.00 |
$98.95 |
2 |
10.25% |
0.97% |
8.22% |
$10,822.24 |
$102.94 |
3 |
15.76% |
0.97% |
12.58% |
$11,258.38 |
$107.09 |
4 |
21.55% |
0.97% |
17.12% |
$11,712.09 |
$111.41 |
5 |
27.63% |
0.97% |
21.84% |
$12,184.09 |
$115.90 |
6 |
34.01% |
0.97% |
26.75% |
$12,675.11 |
$120.57 |
7 |
40.71% |
0.97% |
31.86% |
$13,185.91 |
$125.43 |
8 |
47.75% |
0.97% |
37.17% |
$13,717.30 |
$130.48 |
9 |
55.13% |
0.97% |
42.70% |
$14,270.11 |
$135.74 |
10 |
62.89% |
0.97% |
48.45% |
$14,845.20 |
$141.21 |
Total |
$1,189.72 |
|
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% |
1.01% |
3.99% |
$10,399.00 |
$103.01 |
2 |
10.25% |
1.01% |
8.14% |
$10,813.92 |
$107.13 |
3 |
15.76% |
1.01% |
12.45% |
$11,245.40 |
$111.40 |
4 |
21.55% |
1.01% |
16.94% |
$11,694.09 |
$115.84 |
5 |
27.63% |
1.01% |
21.61% |
$12,160.68 |
$120.47 |
6 |
34.01% |
1.01% |
26.46% |
$12,645.89 |
$125.27 |
7 |
40.71% |
1.01% |
31.50% |
$13,150.46 |
$130.27 |
8 |
47.75% |
1.01% |
36.75% |
$13,675.17 |
$135.47 |
9 |
55.13% |
1.01% |
42.21% |
$14,220.81 |
$140.87 |
10 |
62.89% |
1.01% |
47.88% |
$14,788.22 |
$146.50 |
Total |
$1,236.23 |
Prospectus February 1, 2024 | 100 | Appendix A |
Prospectus February 1, 2024 | 101 | Appendix A |
Prospectus February 1, 2024 | 102 | Appendix B |
Prospectus February 1, 2024 | 103 | Appendix B |
Prospectus February 1, 2024 | 104 | Appendix B |
Prospectus February 1, 2024 | 105 | Appendix B |
Prospectus February 1, 2024 | 106 | Appendix B |
Prospectus February 1, 2024 | 107 | Appendix B |
Prospectus February 1, 2024 | 108 | Appendix B |
Prospectus February 1, 2024 | 109 | 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 |