DWS
GNMA Fund | ||||||||||||
CLASS/TICKER |
A |
GGGGX |
C |
GCGGX |
R |
GRGGX |
R6 |
GRRGX |
INST |
GIGGX |
S |
SGINX |
|
|
DWS
High Income Fund | ||||||||||||
CLASS/TICKER |
A |
KHYAX |
C |
KHYCX |
R |
KHYRX |
R6 |
KHYQX |
INST |
KHYIX |
S |
KHYSX |
|
|
DWS
Global High Income Fund | ||||||||||
CLASS/TICKER |
A |
SGHAX |
C |
SGHCX |
R6 |
SGHRX |
INST |
MGHYX |
S |
SGHSX |
|
|
DWS
Short Duration Fund | ||||||||||
CLASS/TICKER |
A |
PPIAX |
C |
PPLCX |
R6 |
PPLZX |
INST |
PPILX |
S |
DBPIX |
| |
1 | |
1 | |
2 | |
3 | |
5 | |
6 | |
6 | |
7 | |
7 | |
| |
8 | |
8 | |
9 | |
9 | |
12 | |
13 | |
13 | |
14 | |
14 | |
| |
15 | |
15 | |
16 | |
16 | |
20 | |
20 | |
21 | |
21 | |
21 |
| |
22 | |
22 | |
23 | |
24 | |
28 | |
28 | |
29 | |
29 | |
29 | |
| |
30 | |
30 | |
35 | |
39 | |
45 | |
51 | |
52 | |
54
|
|
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 GNMA Fund |
Years |
A |
C |
R |
R6 |
INST |
S |
1 |
$ |
$ |
$ |
$ |
$ |
$ |
3 |
|
|
|
|
|
|
5 |
|
|
|
|
|
|
10 |
|
|
|
|
|
|
Years |
A |
C |
R |
R6 |
INST |
S |
1 |
$ |
$ |
$ |
$ |
$ |
$ |
3 |
|
|
|
|
|
|
5 |
|
|
|
|
|
|
10 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class
Inception |
1
Year |
5
Years |
10
Years |
Class
A before
tax |
|
|
- |
|
After tax
on distribu-
tions |
|
|
- |
- |
After tax
on distribu-
tions and
sale of fund
shares |
|
|
- |
- |
Class
C before
tax |
|
|
- |
|
Class
R before
tax |
|
|
- |
|
INST
Class before
tax |
|
|
|
|
Class
S before
tax |
|
|
|
|
Bloomberg
GNMA
Index
(reflects no
deduc-
tion for
fees, expenses
or
taxes) |
|
|
|
|
|
Class
Inception |
1
Year |
5
Years |
Since
Inception |
Class
R6 before
tax |
|
|
|
|
Bloomberg
GNMA
Index (reflects no
deduc-
tion for
fees, expenses
or
taxes) |
|
|
|
|
|
Non-IRA |
IRAs |
UGMAs/
UTMAs |
Automatic
Investment
Plans |
A,
C |
1,000 |
500 |
1,000 |
500 |
R |
None |
N/A |
N/A |
N/A |
R6 |
None |
N/A |
N/A |
N/A |
INST |
1,000,000 |
N/A |
N/A |
N/A |
S |
2,500 |
1,000 |
1,000 |
1,000 |
Mail |
All
Requests |
DWS
PO
Box 219151
Kansas
City, MO 64121-9151 |
Expedited
Mail |
DWS
430
West 7th Street
Suite
219151
Kansas
City, MO 64105-1407 | |
Web
Site |
dws.com | |
Telephone |
(800)
728-3337, M – F 8 a.m. – 7 p.m. ET | |
Hearing
Impaired |
For
hearing impaired assistance, please
call
us using a relay service |
|
A |
C |
R |
R6 |
INST |
S |
Maximum
sales charge (load)
imposed
on purchases, as %
of
offering price |
|
|
|
|
|
|
Maximum
deferred sales
charge
(load), as % of
redemption
proceeds1
|
|
|
|
|
|
|
Account
Maintenance Fee
(annually,
for fund account
balances
below $10,000 and
subject
to certain exceptions) |
$ |
$ |
|
|
|
$ |
|
A |
C |
R |
R6 |
INST |
S |
Management
fee |
|
|
|
|
|
|
Distribution/service
(12b-1)
fees |
|
|
|
|
|
|
Other
expenses |
|
|
|
|
|
|
Total
annual fund operating
expenses |
|
|
|
|
|
|
Fee
waiver/expense reim-
bursement |
|
|
|
|
|
|
Total
annual fund operating
expenses
after fee waiver/
expense
reimbursement |
|
|
|
|
|
|
Prospectus February 1, 2024 | 8 | DWS High Income Fund |
Years |
A |
C |
R |
R6 |
INST |
S |
1 |
$ |
$ |
$ |
$ |
$ |
$ |
3 |
|
|
|
|
|
|
5 |
|
|
|
|
|
|
10 |
|
|
|
|
|
|
Years |
A |
C |
R |
R6 |
INST |
S |
1 |
$ |
$ |
$ |
$ |
$ |
$ |
3 |
|
|
|
|
|
|
5 |
|
|
|
|
|
|
10 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class
Inception |
1
Year |
5
Years |
10
Years |
Class
A before
tax |
|
|
|
|
After tax
on distribu-
tions |
|
|
|
|
After tax
on distribu-
tions and
sale of fund
shares |
|
|
|
|
Class
C before
tax |
|
|
|
|
Class
R before
tax |
|
|
|
|
INST
Class before
tax |
|
|
|
|
Class
S before
tax |
|
|
|
|
ICE
BofA US High Yield
Index
(reflects no
deduc-
tion for
fees, expenses
or
taxes) |
|
|
|
|
|
Class
Inception |
1
Year |
5
Years |
Since
Inception |
Class
R6 before
tax |
|
|
|
|
ICE
BofA US High Yield
Index (reflects no
deduc-
tion for
fees, expenses
or
taxes) |
|
|
|
|
|
Non-IRA |
IRAs |
UGMAs/
UTMAs |
Automatic
Investment
Plans |
A,
C |
1,000 |
500 |
1,000 |
500 |
R |
None |
N/A |
N/A |
N/A |
R6 |
None |
N/A |
N/A |
N/A |
INST |
1,000,000 |
N/A |
N/A |
N/A |
S |
2,500 |
1,000 |
1,000 |
1,000 |
Mail |
All
Requests |
DWS
PO
Box 219151
Kansas
City, MO 64121-9151 |
Expedited
Mail |
DWS
430
West 7th Street
Suite
219151
Kansas
City, MO 64105-1407 | |
Web
Site |
dws.com | |
Telephone |
(800)
728-3337, M – F 8 a.m. – 7 p.m. ET | |
Hearing
Impaired |
For
hearing impaired assistance, please
call
us using a relay service |
|
A |
C |
R6 |
INST |
S |
Maximum
sales charge (load)
imposed
on purchases, as % of
offering
price |
|
|
|
|
|
Maximum
deferred sales charge
(load),
as % of redemption
proceeds1
|
|
|
|
|
|
Account
Maintenance Fee (annually,
for
fund account balances below
$10,000
and subject to certain
exceptions) |
$ |
$ |
|
|
$ |
|
A |
C |
R6 |
INST |
S |
Management
fee |
|
|
|
|
|
Distribution/service
(12b-1) fees |
|
|
|
|
|
Other
expenses |
|
|
|
|
|
Total
annual fund operating
expenses |
|
|
|
|
|
Years |
A |
C |
R6 |
INST |
S |
1 |
$ |
$ |
$ |
$ |
$ |
3 |
|
|
|
|
|
5 |
|
|
|
|
|
10 |
|
|
|
|
|
Prospectus February 1, 2024 | 15 | DWS Global High Income 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 |
|
|
|
|
INST
Class before
tax |
|
|
|
|
Class
S before
tax |
|
|
|
|
ICE
Bank of America
Non-Financial
Devel-
oped
Markets High Yield
Constrained
(Hedged)
Index
(reflects no
deduc-
tion for
fees, expenses
or
taxes) |
|
|
|
|
|
Class
Inception |
1
Year |
5
Years |
Since
Inception |
Class
R6 before
tax |
|
|
|
|
ICE
Bank of America
Non-Financial
Devel-
oped
Markets High Yield
Constrained
(Hedged)
Index (reflects no
deduc-
tion for
fees, expenses
or
taxes) |
|
|
|
|
|
Non-IRA |
IRAs |
UGMAs/
UTMAs |
Automatic
Investment
Plans |
A,
C |
1,000 |
500 |
1,000 |
500 |
R6 |
None |
N/A |
N/A |
N/A |
INST |
1,000,000 |
N/A |
N/A |
N/A |
S |
2,500 |
1,000 |
1,000 |
1,000 |
Mail |
All
Requests |
DWS
PO
Box 219151
Kansas
City, MO 64121-9151 |
Expedited
Mail |
DWS
430
West 7th Street
Suite
219151
Kansas
City, MO 64105-1407 | |
Web
Site |
dws.com | |
Telephone |
(800)
728-3337, M – F 8 a.m. – 7 p.m. ET | |
Hearing
Impaired |
For
hearing impaired assistance, please
call
us using a relay service |
|
A |
C |
R6 |
INST |
S |
Maximum
sales charge (load)
imposed
on purchases, as % of
offering
price |
|
|
|
|
|
Maximum
deferred sales charge
(load),
as % of redemption
proceeds1
|
|
|
|
|
|
Account
Maintenance Fee (annually,
for
fund account balances below
$10,000
and subject to certain
exceptions) |
$ |
$ |
|
|
$ |
|
A |
C |
R6 |
INST |
S |
Management
fee |
|
|
|
|
|
Distribution/service
(12b-1) fees |
|
|
|
|
|
Other
expenses |
|
|
|
|
|
Total
annual fund operating
expenses |
|
|
|
|
|
Fee
waiver/expense reimbursement |
|
|
|
|
|
Total
annual fund operating
expenses
after fee waiver/expense
reimbursement |
|
|
|
|
|
Prospectus February 1, 2024 | 22 | DWS Short Duration Fund |
Years |
A |
C |
R6 |
INST |
S |
1 |
$ |
$ |
$ |
$ |
$ |
3 |
|
|
|
|
|
5 |
|
|
|
|
|
10 |
|
|
|
|
|
Years |
A |
C |
R6 |
INST |
S |
1 |
$ |
$ |
$ |
$ |
$ |
3 |
|
|
|
|
|
5 |
|
|
|
|
|
10 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class
Inception |
1
Year |
5
Years |
10
Years |
Class
A before
tax* |
|
|
|
|
After tax
on distribu-
tions |
|
|
|
- |
After tax
on distribu-
tions and
sale of fund
shares |
|
|
|
- |
Class
C before
tax |
|
|
|
|
INST
Class before
tax |
|
|
|
|
Class
S before
tax |
|
|
|
|
Bloomberg
1-3
Year
Government/
Credit®
Index (reflects
no deduction
for fees,
expenses or
taxes) |
|
|
|
|
|
Class
Inception |
1
Year |
5
Years |
Since
Inception |
Class
R6 before
tax |
|
|
|
|
Bloomberg
1-3
Year
Government/
Credit®
Index (reflects
no deduction
for fees,
expenses or
taxes) |
|
|
|
|
|
Non-IRA |
IRAs |
UGMAs/
UTMAs |
Automatic
Investment
Plans |
A,
C |
1,000 |
500 |
1,000 |
500 |
R6 |
None |
N/A |
N/A |
N/A |
INST |
1,000,000 |
N/A |
N/A |
N/A |
S |
2,500 |
1,000 |
1,000 |
1,000 |
Mail |
All
Requests |
DWS
PO
Box 219151
Kansas
City, MO 64121-9151 |
Expedited
Mail |
DWS
430
West 7th Street
Suite
219151
Kansas
City, MO 64105-1407 | |
Web
Site |
dws.com | |
Telephone |
(800)
728-3337, M – F 8 a.m. – 7 p.m. ET | |
Hearing
Impaired |
For
hearing impaired assistance, please
call
us using a relay service |
Prospectus February 1, 2024 | 30 | Fund Details |
Fund
Name |
Fee
Paid |
DWS GNMA
Fund |
0.315
% |
DWS High
Income Fund |
0.463
% |
DWS Global
High Income
Fund |
0.354
%* |
DWS Short
Duration Fund |
0.235
%* |
Prospectus February 1, 2024 | 57 | Investing in the Funds |
Classes
and features |
Points
to help you compare |
Class
A |
|
◾Sales
charge of up to 4.50%
(DWS
High Income Fund and
DWS
Global High Income
Fund),
2.75% (DWS GNMA
Fund)
or 2.25% (DWS Short
Duration
Fund) charged when
you
buy shares
◾In
most cases, no charge when
you
sell shares
◾Up
to 0.25% annual share-
holder
servicing fee |
◾Some
investors may be able to
reduce
or eliminate their sales
charge;
see “Class
A Shares”
and
Appendix B
◾Total
annual expenses are
lower
than those for Class C
◾Distributions
are generally
higher
than Class C
◾The
sales charge applicable to
other
DWS funds will apply for
exchanges
from Class A of
DWS
Short Duration Fund into
Class
A of other DWS funds if
the
Class A shares of DWS
Short
Duration Fund were
purchased
during the period
beginning
February 11,
2019
and ending on July 14,
2020,
when DWS Short Dura-
tion
Fund did not charge a
front-end
sales charge |
Class
C |
|
◾No
sales charge when you buy
shares
◾Deferred
sales charge of
1.00%,
charged when you sell
shares
you bought within the
last
year
◾0.75%
annual distribution fee
and
up to 0.25% annual share-
holder
servicing fee |
◾Unlike
Class A, Class C does
not
have a sales charge when
buying
shares, but has higher
annual
expenses and a one
year
deferred sales charge
◾Distributions
are generally
lower
than Class A
◾Maximum
investment applies
◾Class
C automatically converts
to
Class A after 8 years,
provided
that records held by
the
fund or your financial inter-
mediary
verify Class C shares
have
been held for at least
8
years |
Class
R |
|
◾No
sales charge when you buy
shares
and no deferred sales
charge
when you sell shares
◾0.25%
annual distribution fee
and
up to 0.25% annual share-
holder
servicing fee |
◾Only
available to participants in
certain
retirement plans
◾Distributions
are generally
higher
than Class C but lower
than
Class A, Class S or Institu-
tional
Class |
Class
R6 |
|
◾No
sales charge when you buy
shares
and no deferred sales
charge
when you sell shares |
◾Only
available to participants in
certain
qualifying plans and
programs |
Institutional
Class |
|
◾No
sales charge when you buy
shares
and no deferred sales
charge
when you sell shares |
◾Only
available to certain institu-
tional
investors; typically
$1,000,000
minimum initial
investment
◾Distributions
are generally
higher
than Class A, Class C
and
Class R, and may be higher
than
Class S, depending on
relative
expenses |
Class
S |
|
◾No
sales charge when you buy
shares
and no deferred sales
charge
when you sell shares |
◾Total
annual expenses are
lower
than those for Class A,
Class
C and Class R
◾Distributions
are generally
higher
than Class A, Class C
and
Class R, and may be higher
than
Institutional Class,
depending
on relative expenses |
Your
investment |
Front-end
sales
charge
as a %
of
offering price1,2
|
Front-end
sales
charge
as a % of your
net
investment2
|
Under
$100,000 |
4.50
% |
4.71
% |
$100,000–$249,999 |
3.50 |
3.63 |
$250,000–$499,999 |
2.60 |
2.67 |
$500,000–$999,999 |
2.00 |
2.04 |
$1
million or more |
see
below3
|
see
below3
|
Your
investment |
Front-end
sales
charge
as a %
of
offering price1,2
|
Front-end
sales
charge
as a % of your
net
investment2
|
Under
$100,000 |
2.75
% |
2.83
% |
$100,000–$249,999 |
2.50 |
2.56 |
$250,000
or more |
see
below3
|
see
below3
|
Your
investment |
Front-end
sales
charge
as a %
of
offering price1,2
|
Front-end
sales
charge
as a % of your
net
investment2
|
Under
$100,000 |
2.25
% |
2.30
% |
$100,000–$249,999 |
1.75 |
1.78 |
$250,000
or more |
see
below3
|
see
below3
|
Year
after you bought shares |
CDSC
on shares you sell |
First
year |
1.00
% |
Second
year and later |
None |
Type |
Address |
Expedited
mail |
|
All
Requests |
DWS
430
West 7th Street
Suite
219151
Kansas
City, MO 64105-1407 |
Regular
mail |
|
All
Requests |
DWS
P.O.
Box 219151
Kansas
City, MO 64121-9151 |
|
Non-IRA |
IRAs |
UGMAs/
UTMAs |
Automatic
Investment
Plans |
A,
C |
1,000 |
500 |
1,000 |
500 |
INST |
1,000,000 |
N/A |
N/A |
N/A |
S |
2,500 |
1,000 |
1,000 |
1,000 |
Bank
name |
State
Street Bank Boston |
Routing
Number |
011000028 |
Attention |
DWS |
DDA
Number |
9903-5552 |
FBO |
(Account
name) (Account number) |
Credit |
(Fund
name, Fund number and, if
applicable,
class name) |
Class |
Exchanging
into Another Fund ($) |
A,
C |
1,000 minimum
into new non-IRA accounts per
fund
500 minimum
into new IRA accounts per fund
50 minimum
into all existing accounts per fund |
INST |
1,000,000
minimum into new accounts per fund |
S |
2,500 minimum
into new non-IRA accounts per
fund
1,000 minimum
into new IRA and UTMA/UGMA
accounts per
fund
50 minimum
into all existing accounts per
fund |
Class |
Selling
Shares ($) |
A,
C |
Check
redemption:Up to 100,000. More than
100,000 see
“Signature Guarantee”
Automated
Clearing House (ACH) to your bank:
Minimum 50,
maximum 250,000
Wire
redemption to your bank: Minimum 1,000 |
INST |
Same as
Classes A and C |
S |
Same as
Classes A and C |
( |
Total
Assets |
− |
Total
Liabilities |
) |
÷ |
Total
Number of
Shares
Outstanding |
= |
NAV |
Generally
taxed at net capital
gain
rates: |
Generally
taxed at ordinary
income
rates: |
Fund
distributions |
|
◾gains
from the sale of securi-
ties
held (or treated as held)
by
a fund for more than one
year
◾qualified
dividend income |
◾gains
from the sale of securi-
ties
held (or treated as held)
by
a fund for one year or less
◾all
other taxable income |
Transactions
involving fund
shares |
|
◾gains
from selling fund
shares
held for more than
one
year |
◾gains
from selling fund
shares
held for one year or
less |
DWS
GNMA Fund — Class A | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$11.65 |
$13.68 |
$13.88 |
$13.81 |
$13.22 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.35 |
.06 |
.06 |
.21 |
.32 |
Net realized
and unrealized gain (loss) |
(.42
) |
(1.95
) |
(.07
) |
.17 |
.64 |
Total
from investment operations |
(.07
) |
(1.89
) |
(.01
) |
.38 |
.96 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.40
) |
(.14
) |
(.19
) |
(.31
) |
(.37
) |
Net
asset value, end of period |
$11.18 |
$11.65 |
$13.68 |
$13.88 |
$13.81 |
Total Return
(%)b |
(.75
) |
(13.87
) |
(.10
) |
2.75 |
7.40 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
341 |
406 |
546 |
587 |
623 |
Ratio of
expenses (%) |
.83 |
.81 |
.78 |
.79 |
.79 |
Ratio of net
investment income (%) |
2.95 |
.49 |
.44 |
1.54 |
2.37 |
Portfolio
turnover rate (%) |
523 |
532 |
539 |
369 |
317 |
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 | 78 | Financial Highlights |
DWS
GNMA Fund — Class C | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$11.66 |
$13.68 |
$13.89 |
$13.81 |
$13.22 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)a |
.26 |
(.03
) |
(.04
) |
.10 |
.21 |
Net realized
and unrealized gain (loss) |
(.42
) |
(1.95
) |
(.09
) |
.18 |
.65 |
Total
from investment operations |
(.16
) |
(1.98
) |
(.13
) |
.28 |
.86 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.31
) |
(.04
) |
(.08
) |
(.20
) |
(.27
) |
Net
asset value, end of period |
$11.19 |
$11.66 |
$13.68 |
$13.89 |
$13.81 |
Total Return
(%)b |
(1.50
) |
(14.49
) |
(.97
) |
1.94 |
6.62 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
4 |
5 |
6 |
18 |
21 |
Ratio of
expenses (%) |
1.60 |
1.55 |
1.60 |
1.58 |
1.57 |
Ratio of net
investment income (loss) (%) |
2.18 |
(.26
) |
(.31
) |
.75 |
1.59 |
Portfolio
turnover rate (%) |
523 |
532 |
539 |
369 |
317 |
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 | 79 | Financial Highlights |
DWS
GNMA Fund — Class R | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data |
|
|
|
|
|
Net
asset value, beginning of period |
$11.67 |
$13.70 |
$13.91 |
$13.82 |
$13.24 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.31 |
.00
* |
.01 |
.17 |
.27 |
Net realized
and unrealized gain (loss) |
(.42
) |
(1.93
) |
(.08
) |
.18 |
.64 |
Total
from investment operations |
(.11
) |
(1.93
) |
(.07
) |
.35 |
.91 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.36
) |
(.10
) |
(.14
) |
(.26
) |
(.33
) |
Net
asset value, end of period |
$11.20 |
$11.67 |
$13.70 |
$13.91 |
$13.82 |
Total Return
(%)b |
(1.05
) |
(14.16
) |
(.52
) |
2.48 |
7.03 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
.3 |
.3 |
1 |
1 |
1 |
Ratio of
expenses before expense reductions (%) |
1.25 |
1.21 |
1.21 |
1.17 |
1.22 |
Ratio of
expenses after expense reductions (%) |
1.12 |
1.13 |
1.16 |
1.12 |
1.13 |
Ratio of net
investment income (%) |
2.66 |
.03 |
.07 |
1.24 |
2.03 |
Portfolio
turnover rate (%) |
523 |
532 |
539 |
369 |
317 |
a |
Based
on average shares outstanding during the period. |
b |
Total
return would have been lower had certain expenses not been
reduced. |
* |
Amount
is less than $.005. |
Prospectus February 1, 2024 | 80 | Financial Highlights |
DWS
GNMA Fund — Class R6 | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data |
|
|
|
|
|
Net
asset value, beginning of period |
$11.66 |
$13.70 |
$13.90 |
$13.82 |
$13.23 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.39 |
.11 |
.10 |
.25 |
.36 |
Net realized
and unrealized gain (loss) |
(.42
) |
(1.96
) |
(.07
) |
.18 |
.64 |
Total
from investment operations |
(.03
) |
(1.85
) |
.03 |
.43 |
1.00 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.44
) |
(.19
) |
(.23
) |
(.35
) |
(.41
) |
Net
asset value, end of period |
$11.19 |
$11.66 |
$13.70 |
$13.90 |
$13.82 |
Total Return
(%) |
(.41
) |
(13.65
) |
.21 |
3.15 |
7.71 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ thousands) |
748 |
729 |
929 |
824 |
658 |
Ratio of
expenses (%) |
.49 |
.48 |
.46 |
.47 |
.48 |
Ratio of net
investment income (%) |
3.30 |
.82 |
.75 |
1.81 |
2.67 |
Portfolio
turnover rate (%) |
523 |
532 |
539 |
369 |
317 |
a |
Based on
average shares outstanding during the
period. |
Prospectus February 1, 2024 | 81 | Financial Highlights |
DWS
GNMA Fund — Institutional Class | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$11.66 |
$13.69 |
$13.89 |
$13.81 |
$13.22 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.38 |
.09 |
.09 |
.23 |
.35 |
Net realized
and unrealized gain (loss) |
(.42
) |
(1.95
) |
(.07
) |
.19 |
.64 |
Total
from investment operations |
(.04
) |
(1.86
) |
.02 |
.42 |
.99 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.43
) |
(.17
) |
(.22
) |
(.34
) |
(.40
) |
Net
asset value, end of period |
$11.19 |
$11.66 |
$13.69 |
$13.89 |
$13.81 |
Total Return
(%) |
(.49
)b |
(13.74
) |
.15 |
3.01 |
7.72 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
19 |
19 |
46 |
56 |
14 |
Ratio of
expenses before expense reductions (%) |
.57 |
.55 |
.56 |
.52 |
.54 |
Ratio of
expenses after expense reductions (%) |
.56 |
.55 |
.56 |
.52 |
.54 |
Ratio of net
investment income (%) |
3.23 |
.67 |
.66 |
1.68 |
2.63 |
Portfolio
turnover rate (%) |
523 |
532 |
539 |
369 |
317 |
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
GNMA Fund — Class S | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$11.67 |
$13.70 |
$13.91 |
$13.83 |
$13.24 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.38 |
.09 |
.09 |
.25 |
.35 |
Net realized
and unrealized gain (loss) |
(.43
) |
(1.95
) |
(.08
) |
.17 |
.65 |
Total
from investment operations |
(.05
) |
(1.86
) |
.01 |
.42 |
1.00 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.42
) |
(.17
) |
(.22
) |
(.34
) |
(.41
) |
Net
asset value, end of period |
$11.20 |
$11.67 |
$13.70 |
$13.91 |
$13.83 |
Total Return
(%) |
(.52
) |
(13.67
) |
.05 |
3.07 |
7.64 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
428 |
504 |
681 |
789 |
845 |
Ratio of
expenses (%) |
.61 |
.58 |
.57 |
.55 |
.56 |
Ratio of net
investment income (%) |
3.18 |
.72 |
.66 |
1.79 |
2.60 |
Portfolio
turnover rate (%) |
523 |
532 |
539 |
369 |
317 |
a |
Based
on average shares outstanding during the
period. |
Prospectus February 1, 2024 | 83 | Financial Highlights |
DWS
High Income Fund — Class A | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$4.04 |
$4.84 |
$4.65 |
$4.75 |
$4.67 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.23 |
.20 |
.20 |
.21 |
.23 |
Net realized
and unrealized gain (loss) |
.15 |
(.78
) |
.21 |
(.09
) |
.09 |
Total
from investment operations |
.38 |
(.58
) |
.41 |
.12 |
.32 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.24
) |
(.22
) |
(.22
) |
(.22
) |
(.24
) |
Net realized
gains |
(.00
)* |
— |
— |
— |
— |
Total
distributions |
(.24
) |
(.22
) |
(.22
) |
(.22
) |
(.24
) |
Net
asset value, end of period |
$4.18 |
$4.04 |
$4.84 |
$4.65 |
$4.75 |
Total Return
(%)b |
9.64 |
(12.38
) |
8.84 |
2.72 |
7.10 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
427 |
444 |
579 |
588 |
646 |
Ratio of
expenses (%) |
.98 |
.96 |
.94 |
.95 |
.96 |
Ratio of net
investment income (%) |
5.57 |
4.34 |
4.21 |
4.60 |
4.90 |
Portfolio
turnover rate (%) |
49 |
37 |
68 |
97 |
77 |
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 | 84 | Financial Highlights |
DWS
High Income Fund — Class C | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$4.05 |
$4.85 |
$4.66 |
$4.76 |
$4.67 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.20 |
.16 |
.17 |
.18 |
.19 |
Net realized
and unrealized gain (loss) |
.15 |
(.78
) |
.20 |
(.10
) |
.10 |
Total
from investment operations |
.35 |
(.62
) |
.37 |
.08 |
.29 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.21
) |
(.18
) |
(.18
) |
(.18
) |
(.20
) |
Net realized
gains |
(.00
)* |
— |
— |
— |
— |
Total
distributions |
(.21
) |
(.18
) |
(.18
) |
(.18
) |
(.20
) |
Net
asset value, end of period |
$4.19 |
$4.05 |
$4.85 |
$4.66 |
$4.76 |
Total Return
(%)b |
8.76
c |
(13.04
)c |
7.97 |
1.91 |
6.26 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
5 |
6 |
9 |
16 |
22 |
Ratio of
expenses before expense reductions (%) |
1.79 |
1.76 |
1.73 |
1.74 |
1.74 |
Ratio of
expenses after expense reductions (%) |
1.75 |
1.75 |
1.73 |
1.74 |
1.74 |
Ratio of net
investment income (%) |
4.80 |
3.52 |
3.44 |
3.80 |
4.13 |
Portfolio
turnover rate (%) |
49 |
37 |
68 |
97 |
77 |
a |
Based on
average shares outstanding during the period. |
b |
Total return
does not reflect the effect of any sales charges. |
c |
Total return
would have been lower had certain expenses not been
reduced. |
* |
Amount is
less than $.005. |
Prospectus February 1, 2024 | 85 | Financial Highlights |
DWS
High Income Fund — Class R | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data |
|
|
|
|
|
Net
asset value, beginning of period |
$4.04 |
$4.84 |
$4.65 |
$4.75 |
$4.66 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.23 |
.18 |
.19 |
.20 |
.21 |
Net realized
and unrealized gain (loss) |
.14 |
(.78
) |
.20 |
(.10
) |
.10 |
Total
from investment operations |
.37 |
(.60
) |
.39 |
.10 |
.31 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.23
) |
(.20
) |
(.20
) |
(.20
) |
(.22
) |
Net realized
gains |
(.00
)* |
— |
— |
— |
— |
Total
distributions |
(.23
) |
(.20
) |
(.20
) |
(.20
) |
(.22
) |
Net
asset value, end of period |
$4.18 |
$4.04 |
$4.84 |
$4.65 |
$4.75 |
Total Return
(%)b |
9.32 |
(12.66
) |
8.49 |
2.38 |
6.73 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
3 |
2 |
1 |
3 |
1.5 |
Ratio of
expenses before expense reductions (%) |
1.40 |
1.38 |
1.37 |
1.33 |
1.37 |
Ratio of
expenses after expense reductions (%) |
1.25 |
1.25 |
1.27 |
1.27 |
1.29 |
Ratio of net
investment income (%) |
5.33 |
4.11 |
3.89 |
4.28 |
4.55 |
Portfolio
turnover rate (%) |
49 |
37 |
68 |
97 |
77 |
a |
Based on
average shares outstanding during the period. |
b |
Total return
would have been lower had certain expenses not been
reduced. |
* |
Amount is
less than $.005. |
Prospectus February 1, 2024 | 86 | Financial Highlights |
DWS
High Income Fund — Class R6 | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data |
|
|
|
|
|
Net
asset value, beginning of period |
$4.04 |
$4.84 |
$4.66 |
$4.76 |
$4.67 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.25 |
.21 |
.21 |
.22 |
.24 |
Net realized
and unrealized gain (loss) |
.14 |
(.78
) |
.20 |
(.09
) |
.10 |
Total
from investment operations |
.39 |
(.57
) |
.41 |
.13 |
.34 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.25
) |
(.23
) |
(.23
) |
(.23
) |
(.25
) |
Net realized
gains |
(.00
)* |
— |
— |
— |
— |
Total
distributions |
(.25
) |
(.23
) |
(.23
) |
(.23
) |
(.25
) |
Net
asset value, end of period |
$4.18 |
$4.04 |
$4.84 |
$4.66 |
$4.76 |
Total Return
(%) |
9.96 |
(12.11
) |
8.91 |
3.01 |
7.39 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ thousands) |
1,127 |
662 |
698 |
150 |
101 |
Ratio of
expenses (%) |
.68 |
.66 |
.65 |
.69 |
.69 |
Ratio of net
investment income (%) |
5.91 |
4.65 |
4.43 |
4.85 |
5.14 |
Portfolio
turnover rate (%) |
49 |
37 |
68 |
97 |
77 |
a |
Based on
average shares outstanding during the period. |
* |
Amount is
less than $.005. |
Prospectus February 1, 2024 | 87 | Financial Highlights |
DWS
High Income Fund — Institutional Class | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$4.05 |
$4.85 |
$4.66 |
$4.76 |
$4.67 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.24 |
.21 |
.21 |
.22 |
.24 |
Net realized
and unrealized gain (loss) |
.15 |
(.78
) |
.21 |
(.09
) |
.10 |
Total
from investment operations |
.39 |
(.57
) |
.42 |
.13 |
.34 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.25
) |
(.23
) |
(.23
) |
(.23
) |
(.25
) |
Net realized
gains |
(.00
)* |
— |
— |
— |
— |
Total
distributions |
(.25
) |
(.23
) |
(.23
) |
(.23
) |
(.25
) |
Net
asset value, end of period |
$4.19 |
$4.05 |
$4.85 |
$4.66 |
$4.76 |
Total Return
(%) |
9.89 |
(12.15
) |
9.09 |
2.96 |
7.35 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
76 |
85 |
171 |
154 |
104 |
Ratio of
expenses (%) |
.74 |
.71 |
.73 |
.71 |
.73 |
Ratio of net
investment income (%) |
5.80 |
4.54 |
4.41 |
4.82 |
5.11 |
Portfolio
turnover rate (%) |
49 |
37 |
68 |
97 |
77 |
a |
Based on
average shares outstanding during the period. |
* |
Amount is
less than $.005. |
Prospectus February 1, 2024 | 88 | Financial Highlights |
DWS
High Income Fund — Class S | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$4.05 |
$4.85 |
$4.66 |
$4.76 |
$4.67 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.24 |
.21 |
.21 |
.22 |
.24 |
Net realized
and unrealized gain (loss) |
.15 |
(.78
) |
.21 |
(.09
) |
.10 |
Total
from investment operations |
.39 |
(.57
) |
.42 |
.13 |
.34 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.25
) |
(.23
) |
(.23
) |
(.23
) |
(.25
) |
Net realized
gains |
(.00
)* |
— |
— |
— |
— |
Total
distributions |
(.25
) |
(.23
) |
(.23
) |
(.23
) |
(.25
) |
Net
asset value, end of period |
$4.19 |
$4.05 |
$4.85 |
$4.66 |
$4.76 |
Total Return
(%) |
9.86
b |
(12.17
)b |
9.05
b |
2.91 |
7.27 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
17 |
38 |
38 |
32 |
25 |
Ratio of
expenses before expense reductions (%) |
.79 |
.78 |
.78 |
.76 |
.76 |
Ratio of
expenses after expense reductions (%) |
.75 |
.75 |
.77 |
.76 |
.76 |
Ratio of net
investment income (%) |
5.74 |
4.57 |
4.38 |
4.77 |
5.09 |
Portfolio
turnover rate (%) |
49 |
37 |
68 |
97 |
77 |
a |
Based on
average shares outstanding during the period. |
b |
Total return
would have been lower had certain expenses not been
reduced. |
* |
Amount is
less than $.005. |
Prospectus February 1, 2024 | 89 | Financial Highlights |
DWS
Global High Income Fund — Class A | |||||
|
Years Ended
October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$5.85 |
$6.92 |
$6.71 |
$6.88 |
$6.63 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.33 |
.29 |
.29 |
.31 |
.32 |
Net realized
and unrealized gain (loss) |
(.01
)b |
(1.04
) |
.22 |
(.15
) |
.31 |
Total
from investment operations |
.32 |
(.75
) |
.51 |
.16 |
.63 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.33
) |
(.29
) |
(.30
) |
(.29
) |
(.32
) |
Net realized
gains |
(.12
) |
(.03
) |
— |
(.02
) |
(.06
) |
Return of
capital |
— |
— |
— |
(.02
) |
— |
Total
distributions |
(.45
) |
(.32
) |
(.30
) |
(.33
) |
(.38
) |
Net
asset value, end of period |
$5.72 |
$5.85 |
$6.92 |
$6.71 |
$6.88 |
Total Return
(%)c,d |
5.65 |
(11.06
) |
7.63 |
2.44 |
9.94 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
27 |
28 |
35 |
32 |
35 |
Ratio of
expenses before expense reductions (%) |
.97 |
.94 |
.92 |
.94 |
.95 |
Ratio of
expenses after expense reductions (%) |
.85 |
.85 |
.85 |
.85 |
.85 |
Ratio of net
investment income (%) |
5.69 |
4.55 |
4.15 |
4.50 |
4.81 |
Portfolio
turnover rate (%) |
49 |
25 |
69 |
92 |
74 |
a |
Based on
average shares outstanding during the period. |
b |
Because of
the timing of subscriptions and redemptions in relation to fluctuating
markets at value, the amount shown may not agree with the
change in
aggregate gains and losses. |
c |
Total return
does not reflect the effect of any sales charges. |
d |
Total return
would have been lower had certain expenses not been
reduced. |
Prospectus February 1, 2024 | 90 | Financial Highlights |
DWS
Global High Income Fund — Class C | |||||
|
Years Ended
October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$5.87 |
$6.95 |
$6.74 |
$6.91 |
$6.65 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.29 |
.24 |
.24 |
.26 |
.27 |
Net realized
and unrealized gain (loss) |
(.00
)b* |
(1.04
) |
.22 |
(.15
) |
.32 |
Total
from investment operations |
.29 |
(.80
) |
.46 |
.11 |
.59 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.29
) |
(.25
) |
(.25
) |
(.25
) |
(.27
) |
Net realized
gains |
(.12
) |
(.03
) |
— |
(.02
) |
(.06
) |
Return of
capital |
— |
— |
— |
(.01
) |
— |
Total
distributions |
(.41
) |
(.28
) |
(.25
) |
(.28
) |
(.33
) |
Net
asset value, end of period |
$5.75 |
$5.87 |
$6.95 |
$6.74 |
$6.91 |
Total Return
(%)c,d |
5.13 |
(11.79
) |
6.81 |
1.69 |
9.27 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
7 |
13 |
19 |
22 |
20 |
Ratio of
expenses before expense reductions (%) |
1.70 |
1.67 |
1.67 |
1.67 |
1.71 |
Ratio of
expenses after expense reductions (%) |
1.60 |
1.60 |
1.60 |
1.60 |
1.60 |
Ratio of net
investment income (%) |
4.93 |
3.78 |
3.41 |
3.75 |
4.06 |
Portfolio
turnover rate (%) |
49 |
25 |
69 |
92 |
74 |
a |
Based on
average shares outstanding during the period. |
b |
Because of
the timing of subscriptions and redemptions in relation to fluctuating
markets at value, the amount shown may not agree with the
change in
aggregate gains and losses. |
c |
Total return
does not reflect the effect of any sales charges. |
d |
Total return
would have been lower had certain expenses not been
reduced. |
* |
Amount is
less than $.005. |
Prospectus February 1, 2024 | 91 | Financial Highlights |
DWS
Global High Income Fund — Class R6 | |||||
|
Years Ended
October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data |
|
|
|
|
|
Net
asset value, beginning of period |
$5.82 |
$6.89 |
$6.68 |
$6.86 |
$6.60 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.35 |
.31 |
.31 |
.33 |
.34 |
Net realized
and unrealized gain (loss) |
(.00
)b* |
(1.04
) |
.22 |
(.16
) |
.32 |
Total
from investment operations |
.35 |
(.73
) |
.53 |
.17 |
.66 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.35
) |
(.31
) |
(.32
) |
(.31
) |
(.34
) |
Net realized
gains |
(.12
) |
(.03
) |
— |
(.02
) |
(.06
) |
Return of
capital |
— |
— |
— |
(.02
) |
— |
Total
distributions |
(.47
) |
(.34
) |
(.32
) |
(.35
) |
(.40
) |
Net
asset value, end of period |
$5.70 |
$5.82 |
$6.89 |
$6.68 |
$6.86 |
Total Return
(%)c |
6.24 |
(10.84
) |
7.95 |
2.60 |
10.44 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
1 |
1 |
2 |
3 |
2 |
Ratio of
expenses before expense reductions (%) |
.63 |
.58 |
.60 |
1.06 |
.61 |
Ratio of
expenses after expense reductions (%) |
.55 |
.55 |
.55 |
.55 |
.55 |
Ratio of net
investment income (%) |
6.01 |
4.85 |
4.48 |
4.80 |
5.07 |
Portfolio
turnover rate (%) |
49 |
25 |
69 |
92 |
74 |
a |
Based on
average shares outstanding during the period. |
b |
Because of
the timing of subscriptions and redemptions in relation to fluctuating
markets at value, the amount shown may not agree with the
change in
aggregate gains and losses. |
c |
Total return
would have been lower had certain expenses not been
reduced. |
* |
Amount is
less than $.005. |
Prospectus February 1, 2024 | 92 | Financial Highlights |
DWS
Global High Income Fund — Institutional Class | |||||
|
Years Ended
October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$5.83 |
$6.90 |
$6.69 |
$6.86 |
$6.60 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.35 |
.30 |
.30 |
.32 |
.34 |
Net realized
and unrealized gain (loss) |
.00
* |
(1.03
) |
.22 |
(.15
) |
.32 |
Total
from investment operations |
.35 |
(.73
) |
.52 |
.17 |
.66 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.35
) |
(.31
) |
(.31
) |
(.30
) |
(.34
) |
Net realized
gains |
(.12
) |
(.03
) |
— |
(.02
) |
(.06
) |
Return of
capital |
— |
— |
— |
(.02
) |
— |
Total
distributions |
(.47
) |
(.34
) |
(.31
) |
(.34
) |
(.40
) |
Net
asset value, end of period |
$5.71 |
$5.83 |
$6.90 |
$6.69 |
$6.86 |
Total Return
(%)b |
6.19 |
(10.86
) |
7.91 |
2.70 |
10.40 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
133 |
183 |
379 |
317 |
139 |
Ratio of
expenses before expense reductions (%) |
.70 |
.67 |
.67 |
.68 |
.69 |
Ratio of
expenses after expense reductions (%) |
.60 |
.60 |
.60 |
.60 |
.60 |
Ratio of net
investment income (%) |
5.94 |
4.75 |
4.40 |
4.74 |
4.99 |
Portfolio
turnover rate (%) |
49 |
25 |
69 |
92 |
74 |
a |
Based on
average shares outstanding during the period. |
b |
Total return
would have been lower had certain expenses not been
reduced. |
* |
Amount is
less than $.005. |
Prospectus February 1, 2024 | 93 | Financial Highlights |
DWS
Global High Income Fund — Class S | |||||
|
Years Ended
October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$5.88 |
$6.96 |
$6.75 |
$6.92 |
$6.66 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.35 |
.30 |
.30 |
.32 |
.34 |
Net realized
and unrealized gain (loss) |
.00
* |
(1.04
) |
.22 |
(.15
) |
.32 |
Total
from investment operations |
.35 |
(.74
) |
.52 |
.17 |
.66 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.35
) |
(.31
) |
(.31
) |
(.30
) |
(.34
) |
Net realized
gains |
(.12
) |
(.03
) |
— |
(.02
) |
(.06
) |
Return of
capital |
— |
— |
— |
(.02
) |
— |
Total
distributions |
(.47
) |
(.34
) |
(.31
) |
(.34
) |
(.40
) |
Net
asset value, end of period |
$5.76 |
$5.88 |
$6.96 |
$6.75 |
$6.92 |
Total Return
(%)b |
6.13 |
(10.92
) |
7.82 |
2.66 |
10.30 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
135 |
147 |
210 |
239 |
304 |
Ratio of
expenses before expense reductions (%) |
.76 |
.74 |
.74 |
.74 |
.76 |
Ratio of
expenses after expense reductions (%) |
.65 |
.65 |
.65 |
.65 |
.65 |
Ratio of net
investment income (%) |
5.90 |
4.73 |
4.35 |
4.70 |
5.00 |
Portfolio
turnover rate (%) |
49 |
25 |
69 |
92 |
74 |
a |
Based on
average shares outstanding during the period. |
b |
Total return
would have been lower had certain expenses not been
reduced. |
* |
Amount is
less than $.005. |
Prospectus February 1, 2024 | 94 | Financial Highlights |
DWS
Short Duration Fund — Class A | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$8.08 |
$8.81 |
$8.78 |
$8.69 |
$8.54 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.27 |
.14 |
.15 |
.19 |
.21 |
Net realized
and unrealized gain (loss) |
.07 |
(.69
) |
.05 |
.11 |
.18 |
Total
from investment operations |
.34 |
(.55
) |
.20 |
.30 |
.39 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.29
) |
(.18
) |
(.17
) |
(.21
) |
(.24
) |
Net
asset value, end of period |
$8.13 |
$8.08 |
$8.81 |
$8.78 |
$8.69 |
Total Return
(%)b,c |
4.41 |
(6.32
) |
2.32 |
3.50 |
4.64 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
171 |
215 |
275 |
262 |
227 |
Ratio of
expenses before expense reductions (%) |
.87 |
.85 |
.85 |
.85 |
.87 |
Ratio of
expenses after expense reductions (%) |
.74 |
.75 |
.78 |
.77 |
.79 |
Ratio of net
investment income (%) |
3.25 |
1.68 |
1.64 |
2.20 |
2.48 |
Portfolio
turnover rate (%) |
50 |
41 |
62 |
75 |
51 |
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 | 95 | Financial Highlights |
DWS
Short Duration Fund — Class C | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$8.08 |
$8.81 |
$8.77 |
$8.68 |
$8.53 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.21 |
.08 |
.08 |
.12 |
.15 |
Net realized
and unrealized gain (loss) |
.08 |
(.70
) |
.06 |
.11 |
.18 |
Total
from investment operations |
.29 |
(.62
) |
.14 |
.23 |
.33 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.23
) |
(.11
) |
(.10
) |
(.14
) |
(.18
) |
Net
asset value, end of period |
$8.14 |
$8.08 |
$8.81 |
$8.77 |
$8.68 |
Total Return
(%)b,c |
3.59 |
(7.06
) |
1.63 |
2.72 |
3.87 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
11 |
11 |
20 |
33 |
53 |
Ratio of
expenses before expense reductions (%) |
1.63 |
1.61 |
1.59 |
1.60 |
1.63 |
Ratio of
expenses after expense reductions (%) |
1.50 |
1.50 |
1.53 |
1.52 |
1.54 |
Ratio of net
investment income (%) |
2.52 |
.90 |
.92 |
1.44 |
1.74 |
Portfolio
turnover rate (%) |
50 |
41 |
62 |
75 |
51 |
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 | 96 | Financial Highlights |
DWS
Short Duration Fund — Class R6 | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data |
|
|
|
|
|
Net
asset value, beginning of period |
$8.09 |
$8.82 |
$8.79 |
$8.70 |
$8.55 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.30 |
.17 |
.17 |
.21 |
.24 |
Net realized
and unrealized gain (loss) |
.08 |
(.70
) |
.06 |
.11 |
.17 |
Total
from investment operations |
.38 |
(.53
) |
.23 |
.32 |
.41 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.33
) |
(.20
) |
(.20
) |
(.23
) |
(.26
) |
Net
asset value, end of period |
$8.14 |
$8.09 |
$8.82 |
$8.79 |
$8.70 |
Total Return
(%) |
4.70
b |
(6.02
)b |
2.61
b |
3.76 |
4.90 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
3 |
2 |
2 |
2 |
2 |
Ratio of
expenses before expense reductions (%) |
.52 |
.51 |
.51 |
.52 |
.53 |
Ratio of
expenses after expense reductions (%) |
.38 |
.46 |
.51 |
.52 |
.53 |
Ratio of net
investment income (%) |
3.64 |
1.99 |
1.91 |
2.45 |
2.77 |
Portfolio
turnover rate (%) |
50 |
41 |
62 |
75 |
51 |
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 | 97 | Financial Highlights |
DWS
Short Duration Fund — Institutional Class | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$8.09 |
$8.82 |
$8.78 |
$8.70 |
$8.55 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.30 |
.17 |
.17 |
.21 |
.24 |
Net realized
and unrealized gain (loss) |
.08 |
(.69
) |
.07 |
.10 |
.17 |
Total
from investment operations |
.38 |
(.52
) |
.24 |
.31 |
.41 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.33
) |
(.21
) |
(.20
) |
(.23
) |
(.26
) |
Net
asset value, end of period |
$8.14 |
$8.09 |
$8.82 |
$8.78 |
$8.70 |
Total Return
(%)b |
4.70 |
(6.02
) |
2.70 |
3.64 |
4.90 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
547 |
522 |
634 |
435 |
223 |
Ratio of
expenses before expense reductions (%) |
.61 |
.60 |
.60 |
.61 |
.61 |
Ratio of
expenses after expense reductions (%) |
.38 |
.46 |
.53 |
.52 |
.54 |
Ratio of net
investment income (%) |
3.64 |
1.98 |
1.88 |
2.45 |
2.74 |
Portfolio
turnover rate (%) |
50 |
41 |
62 |
75 |
51 |
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 | 98 | Financial Highlights |
DWS
Short Duration Fund — Class S | |||||
|
Years Ended
September 30, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Selected
Per Share Data | |||||
Net
asset value, beginning of period |
$8.10 |
$8.84 |
$8.80 |
$8.71 |
$8.56 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment incomea |
.29 |
.17 |
.17 |
.21 |
.24 |
Net realized
and unrealized gain (loss) |
.08 |
(.71
) |
.07 |
.11 |
.17 |
Total
from investment operations |
.37 |
(.54
) |
.24 |
.32 |
.41 |
Less
distributions from: |
|
|
|
|
|
Net
investment income |
(.31
) |
(.20
) |
(.20
) |
(.23
) |
(.26
) |
Net
asset value, end of period |
$8.16 |
$8.10 |
$8.84 |
$8.80 |
$8.71 |
Total Return
(%)b |
4.66 |
(6.16
) |
2.70 |
3.75 |
4.90 |
Ratios
to Average Net Assets and Supplemental Data | |||||
Net assets,
end of period ($ millions) |
255 |
311 |
377 |
376 |
554 |
Ratio of
expenses before expense reductions (%) |
.69 |
.68 |
.66 |
.66 |
.68 |
Ratio of
expenses after expense reductions (%) |
.50 |
.50 |
.53 |
.52 |
.54 |
Ratio of net
investment income (%) |
3.49 |
1.94 |
1.89 |
2.44 |
2.74 |
Portfolio
turnover rate (%) |
50 |
41 |
62 |
75 |
51 |
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 | 99 | Financial Highlights |
|
Maximum
Sales
Charge:
2.75% |
Initial
Hypothetical
Investment:
$10,000 |
Assumed
Rate
of
Return:
5% | ||
Year |
Cumulative
Return
Before
Fees
&
Expenses |
Annual
Fund
Expense
Ratios |
Cumulative
Return
After
Fees
&
Expenses |
Hypothetical
Year-End
Balance
After
Fees
&
Expenses |
Annual
Fees
&
Expenses |
1 |
5.00% |
0.83% |
1.31% |
$10,130.53 |
$357.40 |
2 |
10.25% |
0.83% |
5.53% |
$10,552.98 |
$85.84 |
3 |
15.76% |
0.83% |
9.93% |
$10,993.03 |
$89.42 |
4 |
21.55% |
0.83% |
14.51% |
$11,451.44 |
$93.14 |
5 |
27.63% |
0.83% |
19.29% |
$11,928.97 |
$97.03 |
6 |
34.01% |
0.83% |
24.26% |
$12,426.41 |
$101.07 |
7 |
40.71% |
0.83% |
29.45% |
$12,944.59 |
$105.29 |
8 |
47.75% |
0.83% |
34.84% |
$13,484.38 |
$109.68 |
9 |
55.13% |
0.83% |
40.47% |
$14,046.68 |
$114.25 |
10 |
62.89% |
0.83% |
46.32% |
$14,632.42 |
$119.02 |
Total |
$1,272.14 |
Prospectus February 1, 2024 | 100 | Appendix A |
|
Maximum
Sales
Charge:
0.00% |
Initial
Hypothetical
Investment:
$10,000 |
Assumed
Rate
of
Return:
5% | ||
Year |
Cumulative
Return
Before
Fees
&
Expenses |
Annual
Fund
Expense
Ratios |
Cumulative
Return
After
Fees
&
Expenses |
Hypothetical
Year-End
Balance
After
Fees
&
Expenses |
Annual
Fees
&
Expenses |
1 |
5.00% |
1.60% |
3.40% |
$10,340.00 |
$162.72 |
2 |
10.25% |
1.60% |
6.92% |
$10,691.56 |
$168.25 |
3 |
15.76% |
1.60% |
10.55% |
$11,055.07 |
$173.97 |
4 |
21.55% |
1.60% |
14.31% |
$11,430.95 |
$179.89 |
5 |
27.63% |
1.60% |
18.20% |
$11,819.60 |
$186.00 |
6 |
34.01% |
1.60% |
22.21% |
$12,221.46 |
$192.33 |
7 |
40.71% |
1.60% |
26.37% |
$12,636.99 |
$198.87 |
8 |
47.75% |
1.60% |
30.67% |
$13,066.65 |
$205.63 |
9 |
55.13% |
0.83% |
36.12% |
$13,611.53 |
$110.71 |
10 |
62.89% |
0.83% |
41.79% |
$14,179.13 |
$115.33 |
Total |
$1,693.70 |
|
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% |
1.11% |
3.89% |
$10,389.00 |
$113.16 |
2 |
10.25% |
1.25% |
7.79% |
$10,778.59 |
$132.30 |
3 |
15.76% |
1.25% |
11.83% |
$11,182.78 |
$137.26 |
4 |
21.55% |
1.25% |
16.02% |
$11,602.14 |
$142.41 |
5 |
27.63% |
1.25% |
20.37% |
$12,037.22 |
$147.75 |
6 |
34.01% |
1.25% |
24.89% |
$12,488.61 |
$153.29 |
7 |
40.71% |
1.25% |
29.57% |
$12,956.94 |
$159.03 |
8 |
47.75% |
1.25% |
34.43% |
$13,442.82 |
$165.00 |
9 |
55.13% |
1.25% |
39.47% |
$13,946.93 |
$171.19 |
10 |
62.89% |
1.25% |
44.70% |
$14,469.94 |
$177.61 |
Total |
$1,499.00 |
Prospectus February 1, 2024 | 101 | Appendix A |
|
Maximum
Sales
Charge:
0.00% |
Initial
Hypothetical
Investment:
$10,000 |
Assumed
Rate
of
Return:
5% | ||
Year |
Cumulative
Return
Before
Fees
&
Expenses |
Annual
Fund
Expense
Ratios |
Cumulative
Return
After
Fees
&
Expenses |
Hypothetical
Year-End
Balance
After
Fees
&
Expenses |
Annual
Fees
&
Expenses |
1 |
5.00% |
0.49% |
4.51% |
$10,451.00 |
$50.10 |
2 |
10.25% |
0.49% |
9.22% |
$10,922.34 |
$52.36 |
3 |
15.76% |
0.49% |
14.15% |
$11,414.94 |
$54.73 |
4 |
21.55% |
0.49% |
19.30% |
$11,929.75 |
$57.19 |
5 |
27.63% |
0.49% |
24.68% |
$12,467.78 |
$59.77 |
6 |
34.01% |
0.49% |
30.30% |
$13,030.08 |
$62.47 |
7 |
40.71% |
0.49% |
36.18% |
$13,617.74 |
$65.29 |
8 |
47.75% |
0.49% |
42.32% |
$14,231.90 |
$68.23 |
9 |
55.13% |
0.49% |
48.74% |
$14,873.76 |
$71.31 |
10 |
62.89% |
0.49% |
55.45% |
$15,544.56 |
$74.52 |
Total |
$615.97 |
|
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, 2024 | 102 | Appendix A |
|
Maximum
Sales
Charge:
0.00% |
Initial
Hypothetical
Investment:
$10,000 |
Assumed
Rate
of
Return:
5% | ||
Year |
Cumulative
Return
Before
Fees
&
Expenses |
Annual
Fund
Expense
Ratios |
Cumulative
Return
After
Fees
&
Expenses |
Hypothetical
Year-End
Balance
After
Fees
&
Expenses |
Annual
Fees
&
Expenses |
1 |
5.00% |
0.61% |
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:
4.50% |
Initial
Hypothetical
Investment:
$10,000 |
Assumed
Rate
of
Return:
5% | ||
Year |
Cumulative
Return
Before
Fees
&
Expenses |
Annual
Fund
Expense
Ratios |
Cumulative
Return
After
Fees
&
Expenses |
Hypothetical
Year-End
Balance
After
Fees
&
Expenses |
Annual
Fees
&
Expenses |
1 |
5.00% |
0.98% |
-0.66% |
$9,933.91 |
$545.47 |
2 |
10.25% |
0.98% |
3.33% |
$10,333.25 |
$99.31 |
3 |
15.76% |
0.98% |
7.49% |
$10,748.65 |
$103.30 |
4 |
21.55% |
0.98% |
11.81% |
$11,180.75 |
$107.45 |
5 |
27.63% |
0.98% |
16.30% |
$11,630.21 |
$111.77 |
6 |
34.01% |
0.98% |
20.98% |
$12,097.75 |
$116.27 |
7 |
40.71% |
0.98% |
25.84% |
$12,584.08 |
$120.94 |
8 |
47.75% |
0.98% |
30.90% |
$13,089.96 |
$125.80 |
9 |
55.13% |
0.98% |
36.16% |
$13,616.17 |
$130.86 |
10 |
62.89% |
0.98% |
41.64% |
$14,163.54 |
$136.12 |
Total |
$1,597.29 |
Prospectus February 1, 2024 | 103 | Appendix A |
|
Maximum
Sales
Charge:
0.00% |
Initial
Hypothetical
Investment:
$10,000 |
Assumed
Rate
of
Return:
5% | ||
Year |
Cumulative
Return
Before
Fees
&
Expenses |
Annual
Fund
Expense
Ratios |
Cumulative
Return
After
Fees
&
Expenses |
Hypothetical
Year-End
Balance
After
Fees
&
Expenses |
Annual
Fees
&
Expenses |
1 |
5.00% |
1.75% |
3.25% |
$10,325.00 |
$177.84 |
2 |
10.25% |
1.79% |
6.56% |
$10,656.43 |
$187.78 |
3 |
15.76% |
1.79% |
9.99% |
$10,998.50 |
$193.81 |
4 |
21.55% |
1.79% |
13.52% |
$11,351.56 |
$200.03 |
5 |
27.63% |
1.79% |
17.16% |
$11,715.94 |
$206.45 |
6 |
34.01% |
1.79% |
20.92% |
$12,092.02 |
$213.08 |
7 |
40.71% |
1.79% |
24.80% |
$12,480.18 |
$219.92 |
8 |
47.75% |
1.79% |
28.81% |
$12,880.79 |
$226.98 |
9 |
55.13% |
0.98% |
33.99% |
$13,398.60 |
$128.77 |
10 |
62.89% |
0.98% |
39.37% |
$13,937.22 |
$133.95 |
Total |
$1,888.61 |
|
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% |
1.40% |
7.49% |
$10,748.50 |
$147.86 |
3 |
15.76% |
1.40% |
11.35% |
$11,135.45 |
$153.19 |
4 |
21.55% |
1.40% |
15.36% |
$11,536.32 |
$158.70 |
5 |
27.63% |
1.40% |
19.52% |
$11,951.63 |
$164.42 |
6 |
34.01% |
1.40% |
23.82% |
$12,381.89 |
$170.33 |
7 |
40.71% |
1.40% |
28.28% |
$12,827.64 |
$176.47 |
8 |
47.75% |
1.40% |
32.89% |
$13,289.43 |
$182.82 |
9 |
55.13% |
1.40% |
37.68% |
$13,767.85 |
$189.40 |
10 |
62.89% |
1.40% |
42.63% |
$14,263.49 |
$196.22 |
Total |
$1,666.75 |
Prospectus February 1, 2024 | 104 | Appendix A |
|
Maximum
Sales
Charge:
0.00% |
Initial
Hypothetical
Investment:
$10,000 |
Assumed
Rate
of
Return:
5% | ||
Year |
Cumulative
Return
Before
Fees
&
Expenses |
Annual
Fund
Expense
Ratios |
Cumulative
Return
After
Fees
&
Expenses |
Hypothetical
Year-End
Balance
After
Fees
&
Expenses |
Annual
Fees
&
Expenses |
1 |
5.00% |
0.68% |
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:
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% |
0.74% |
4.26% |
$10,426.00 |
$75.58 |
2 |
10.25% |
0.74% |
8.70% |
$10,870.15 |
$78.80 |
3 |
15.76% |
0.74% |
13.33% |
$11,333.22 |
$82.15 |
4 |
21.55% |
0.74% |
18.16% |
$11,816.01 |
$85.65 |
5 |
27.63% |
0.74% |
23.19% |
$12,319.37 |
$89.30 |
6 |
34.01% |
0.74% |
28.44% |
$12,844.18 |
$93.11 |
7 |
40.71% |
0.74% |
33.91% |
$13,391.34 |
$97.07 |
8 |
47.75% |
0.74% |
39.62% |
$13,961.81 |
$101.21 |
9 |
55.13% |
0.74% |
45.57% |
$14,556.58 |
$105.52 |
10 |
62.89% |
0.74% |
51.77% |
$15,176.69 |
$110.01 |
Total |
$918.40 |
Prospectus February 1, 2024 | 105 | Appendix A |
|
Maximum
Sales
Charge:
0.00% |
Initial
Hypothetical
Investment:
$10,000 |
Assumed
Rate
of
Return:
5% | ||
Year |
Cumulative
Return
Before
Fees
&
Expenses |
Annual
Fund
Expense
Ratios |
Cumulative
Return
After
Fees
&
Expenses |
Hypothetical
Year-End
Balance
After
Fees
&
Expenses |
Annual
Fees
&
Expenses |
1 |
5.00% |
0.75% |
4.25% |
$10,425.00 |
$76.59 |
2 |
10.25% |
0.79% |
8.64% |
$10,863.89 |
$84.09 |
3 |
15.76% |
0.79% |
13.21% |
$11,321.26 |
$87.63 |
4 |
21.55% |
0.79% |
17.98% |
$11,797.89 |
$91.32 |
5 |
27.63% |
0.79% |
22.95% |
$12,294.58 |
$95.17 |
6 |
34.01% |
0.79% |
28.12% |
$12,812.18 |
$99.17 |
7 |
40.71% |
0.79% |
33.52% |
$13,351.57 |
$103.35 |
8 |
47.75% |
0.79% |
39.14% |
$13,913.67 |
$107.70 |
9 |
55.13% |
0.79% |
44.99% |
$14,499.44 |
$112.23 |
10 |
62.89% |
0.79% |
51.10% |
$15,109.87 |
$116.96 |
Total |
$974.21 |
|
Maximum
Sales
Charge:
4.50% |
Initial
Hypothetical
Investment:
$10,000 |
Assumed
Rate
of
Return:
5% | ||
Year |
Cumulative
Return
Before
Fees
&
Expenses |
Annual
Fund
Expense
Ratios |
Cumulative
Return
After
Fees
&
Expenses |
Hypothetical
Year-End
Balance
After
Fees
&
Expenses |
Annual
Fees
&
Expenses |
1 |
5.00% |
0.97% |
-0.65% |
$9,934.87 |
$544.50 |
2 |
10.25% |
0.97% |
3.35% |
$10,335.24 |
$98.31 |
3 |
15.76% |
0.97% |
7.52% |
$10,751.75 |
$102.27 |
4 |
21.55% |
0.97% |
11.85% |
$11,185.05 |
$106.39 |
5 |
27.63% |
0.97% |
16.36% |
$11,635.80 |
$110.68 |
6 |
34.01% |
0.97% |
21.05% |
$12,104.73 |
$115.14 |
7 |
40.71% |
0.97% |
25.93% |
$12,592.55 |
$119.78 |
8 |
47.75% |
0.97% |
31.00% |
$13,100.03 |
$124.61 |
9 |
55.13% |
0.97% |
36.28% |
$13,627.96 |
$129.63 |
10 |
62.89% |
0.97% |
41.77% |
$14,177.16 |
$134.85 |
Total |
$1,586.16 |
Prospectus February 1, 2024 | 106 | Appendix A |
|
Maximum
Sales
Charge:
0.00% |
Initial
Hypothetical
Investment:
$10,000 |
Assumed
Rate
of
Return:
5% | ||
Year |
Cumulative
Return
Before
Fees
&
Expenses |
Annual
Fund
Expense
Ratios |
Cumulative
Return
After
Fees
&
Expenses |
Hypothetical
Year-End
Balance
After
Fees
&
Expenses |
Annual
Fees
&
Expenses |
1 |
5.00% |
1.70% |
3.30% |
$10,330.00 |
$172.81 |
2 |
10.25% |
1.70% |
6.71% |
$10,670.89 |
$178.51 |
3 |
15.76% |
1.70% |
10.23% |
$11,023.03 |
$184.40 |
4 |
21.55% |
1.70% |
13.87% |
$11,386.79 |
$190.48 |
5 |
27.63% |
1.70% |
17.63% |
$11,762.55 |
$196.77 |
6 |
34.01% |
1.70% |
21.51% |
$12,150.72 |
$203.26 |
7 |
40.71% |
1.70% |
25.52% |
$12,551.69 |
$209.97 |
8 |
47.75% |
1.70% |
29.66% |
$12,965.90 |
$216.90 |
9 |
55.13% |
0.97% |
34.88% |
$13,488.42 |
$128.30 |
10 |
62.89% |
0.97% |
40.32% |
$14,032.01 |
$133.47 |
Total |
$1,814.87 |
|
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% |
0.63% |
4.37% |
$10,437.00 |
$64.38 |
2 |
10.25% |
0.63% |
8.93% |
$10,893.10 |
$67.19 |
3 |
15.76% |
0.63% |
13.69% |
$11,369.13 |
$70.13 |
4 |
21.55% |
0.63% |
18.66% |
$11,865.96 |
$73.19 |
5 |
27.63% |
0.63% |
23.84% |
$12,384.50 |
$76.39 |
6 |
34.01% |
0.63% |
29.26% |
$12,925.70 |
$79.73 |
7 |
40.71% |
0.63% |
34.91% |
$13,490.55 |
$83.21 |
8 |
47.75% |
0.63% |
40.80% |
$14,080.09 |
$86.85 |
9 |
55.13% |
0.63% |
46.95% |
$14,695.39 |
$90.64 |
10 |
62.89% |
0.63% |
53.38% |
$15,337.58 |
$94.60 |
Total |
$786.31 |
Prospectus February 1, 2024 | 107 | Appendix A |
|
Maximum
Sales
Charge:
0.00% |
Initial
Hypothetical
Investment:
$10,000 |
Assumed
Rate
of
Return:
5% | ||
Year |
Cumulative
Return
Before
Fees
&
Expenses |
Annual
Fund
Expense
Ratios |
Cumulative
Return
After
Fees
&
Expenses |
Hypothetical
Year-End
Balance
After
Fees
&
Expenses |
Annual
Fees
&
Expenses |
1 |
5.00% |
0.70% |
4.30% |
$10,430.00 |
$71.51 |
2 |
10.25% |
0.70% |
8.78% |
$10,878.49 |
$74.58 |
3 |
15.76% |
0.70% |
13.46% |
$11,346.27 |
$77.79 |
4 |
21.55% |
0.70% |
18.34% |
$11,834.15 |
$81.13 |
5 |
27.63% |
0.70% |
23.43% |
$12,343.02 |
$84.62 |
6 |
34.01% |
0.70% |
28.74% |
$12,873.77 |
$88.26 |
7 |
40.71% |
0.70% |
34.27% |
$13,427.35 |
$92.05 |
8 |
47.75% |
0.70% |
40.05% |
$14,004.72 |
$96.01 |
9 |
55.13% |
0.70% |
46.07% |
$14,606.92 |
$100.14 |
10 |
62.89% |
0.70% |
52.35% |
$15,235.02 |
$104.45 |
Total |
$870.54 |
|
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% |
0.76% |
4.24% |
$10,424.00 |
$77.61 |
2 |
10.25% |
0.76% |
8.66% |
$10,865.98 |
$80.90 |
3 |
15.76% |
0.76% |
13.27% |
$11,326.70 |
$84.33 |
4 |
21.55% |
0.76% |
18.07% |
$11,806.95 |
$87.91 |
5 |
27.63% |
0.76% |
23.08% |
$12,307.56 |
$91.64 |
6 |
34.01% |
0.76% |
28.29% |
$12,829.40 |
$95.52 |
7 |
40.71% |
0.76% |
33.73% |
$13,373.37 |
$99.57 |
8 |
47.75% |
0.76% |
39.40% |
$13,940.40 |
$103.79 |
9 |
55.13% |
0.76% |
45.31% |
$14,531.47 |
$108.19 |
10 |
62.89% |
0.76% |
51.48% |
$15,147.61 |
$112.78 |
Total |
$942.24 |
Prospectus February 1, 2024 | 108 | Appendix A |
|
Maximum
Sales
Charge:
2.25% |
Initial
Hypothetical
Investment:
$10,000 |
Assumed
Rate
of
Return:
5% | ||
Year |
Cumulative
Return
Before
Fees
&
Expenses |
Annual
Fund
Expense
Ratios |
Cumulative
Return
After
Fees
&
Expenses |
Hypothetical
Year-End
Balance
After
Fees
&
Expenses |
Annual
Fees
&
Expenses |
1 |
5.00% |
0.75% |
1.90% |
$10,190.44 |
$299.87 |
2 |
10.25% |
0.87% |
6.11% |
$10,611.30 |
$90.49 |
3 |
15.76% |
0.87% |
10.50% |
$11,049.55 |
$94.22 |
4 |
21.55% |
0.87% |
15.06% |
$11,505.90 |
$98.12 |
5 |
27.63% |
0.87% |
19.81% |
$11,981.09 |
$102.17 |
6 |
34.01% |
0.87% |
24.76% |
$12,475.91 |
$106.39 |
7 |
40.71% |
0.87% |
29.91% |
$12,991.16 |
$110.78 |
8 |
47.75% |
0.87% |
35.28% |
$13,527.70 |
$115.36 |
9 |
55.13% |
0.87% |
40.86% |
$14,086.39 |
$120.12 |
10 |
62.89% |
0.87% |
46.68% |
$14,668.16 |
$125.08 |
Total |
$1,262.60 |
|
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% |
1.50% |
3.50% |
$10,350.00 |
$152.63 |
2 |
10.25% |
1.63% |
6.99% |
$10,698.80 |
$171.55 |
3 |
15.76% |
1.63% |
10.59% |
$11,059.34 |
$177.33 |
4 |
21.55% |
1.63% |
14.32% |
$11,432.04 |
$183.30 |
5 |
27.63% |
1.63% |
18.17% |
$11,817.30 |
$189.48 |
6 |
34.01% |
1.63% |
22.16% |
$12,215.55 |
$195.87 |
7 |
40.71% |
1.63% |
26.27% |
$12,627.21 |
$202.47 |
8 |
47.75% |
1.63% |
30.53% |
$13,052.75 |
$209.29 |
9 |
55.13% |
0.87% |
35.92% |
$13,591.83 |
$115.90 |
10 |
62.89% |
0.87% |
41.53% |
$14,153.17 |
$120.69 |
Total |
$1,718.51 |
Prospectus February 1, 2024 | 109 | Appendix A |
|
Maximum
Sales
Charge:
0.00% |
Initial
Hypothetical
Investment:
$10,000 |
Assumed
Rate
of
Return:
5% | ||
Year |
Cumulative
Return
Before
Fees
&
Expenses |
Annual
Fund
Expense
Ratios |
Cumulative
Return
After
Fees
&
Expenses |
Hypothetical
Year-End
Balance
After
Fees
&
Expenses |
Annual
Fees
&
Expenses |
1 |
5.00% |
0.38% |
4.62% |
$10,462.00 |
$38.88 |
2 |
10.25% |
0.52% |
9.31% |
$10,930.70 |
$55.62 |
3 |
15.76% |
0.52% |
14.20% |
$11,420.39 |
$58.11 |
4 |
21.55% |
0.52% |
19.32% |
$11,932.03 |
$60.72 |
5 |
27.63% |
0.52% |
24.67% |
$12,466.58 |
$63.44 |
6 |
34.01% |
0.52% |
30.25% |
$13,025.08 |
$66.28 |
7 |
40.71% |
0.52% |
36.09% |
$13,608.61 |
$69.25 |
8 |
47.75% |
0.52% |
42.18% |
$14,218.27 |
$72.35 |
9 |
55.13% |
0.52% |
48.55% |
$14,855.25 |
$75.59 |
10 |
62.89% |
0.52% |
55.21% |
$15,520.77 |
$78.98 |
Total |
$639.22 |
|
Maximum
Sales
Charge:
0.00% |
Initial
Hypothetical
Investment:
$10,000 |
Assumed
Rate
of
Return:
5% | ||
Year |
Cumulative
Return
Before
Fees
&
Expenses |
Annual
Fund
Expense
Ratios |
Cumulative
Return
After
Fees
&
Expenses |
Hypothetical
Year-End
Balance
After
Fees
&
Expenses |
Annual
Fees
&
Expenses |
1 |
5.00% |
0.38% |
4.62% |
$10,462.00 |
$38.88 |
2 |
10.25% |
0.61% |
9.21% |
$10,921.28 |
$65.22 |
3 |
15.76% |
0.61% |
14.01% |
$11,400.73 |
$68.08 |
4 |
21.55% |
0.61% |
19.01% |
$11,901.22 |
$71.07 |
5 |
27.63% |
0.61% |
24.24% |
$12,423.68 |
$74.19 |
6 |
34.01% |
0.61% |
29.69% |
$12,969.08 |
$77.45 |
7 |
40.71% |
0.61% |
35.38% |
$13,538.42 |
$80.85 |
8 |
47.75% |
0.61% |
41.33% |
$14,132.76 |
$84.40 |
9 |
55.13% |
0.61% |
47.53% |
$14,753.19 |
$88.10 |
10 |
62.89% |
0.61% |
54.01% |
$15,400.85 |
$91.97 |
Total |
$740.21 |
Prospectus February 1, 2024 | 110 | Appendix A |
|
Maximum
Sales
Charge:
0.00% |
Initial
Hypothetical
Investment:
$10,000 |
Assumed
Rate
of
Return:
5% | ||
Year |
Cumulative
Return
Before
Fees
&
Expenses |
Annual
Fund
Expense
Ratios |
Cumulative
Return
After
Fees
&
Expenses |
Hypothetical
Year-End
Balance
After
Fees
&
Expenses |
Annual
Fees
&
Expenses |
1 |
5.00% |
0.50% |
4.50% |
$10,450.00 |
$51.13 |
2 |
10.25% |
0.69% |
9.00% |
$10,900.40 |
$73.66 |
3 |
15.76% |
0.69% |
13.70% |
$11,370.20 |
$76.83 |
4 |
21.55% |
0.69% |
18.60% |
$11,860.26 |
$80.15 |
5 |
27.63% |
0.69% |
23.71% |
$12,371.43 |
$83.60 |
6 |
34.01% |
0.69% |
29.05% |
$12,904.64 |
$87.20 |
7 |
40.71% |
0.69% |
34.61% |
$13,460.83 |
$90.96 |
8 |
47.75% |
0.69% |
40.41% |
$14,041.00 |
$94.88 |
9 |
55.13% |
0.69% |
46.46% |
$14,646.16 |
$98.97 |
10 |
62.89% |
0.69% |
52.77% |
$15,277.41 |
$103.24 |
Total |
$840.62 |
Prospectus February 1, 2024 | 111 | Appendix A |
Prospectus February 1, 2024 | 112 | Appendix B |
Prospectus February 1, 2024 | 113 | Appendix B |
Prospectus February 1, 2024 | 114 | Appendix B |
Prospectus February 1, 2024 | 115 | Appendix B |
Prospectus February 1, 2024 | 116 | Appendix B |
Prospectus February 1, 2024 | 117 | Appendix B |
Prospectus February 1, 2024 | 118 | Appendix B |
Prospectus February 1, 2024 | 119 | Appendix B |
DWS |
PO
Box 219151
Kansas
City, MO
64121-9151
dws.com |
|
Shareholders:
(800)
728-3337
Investment
professionals:
(800)
621-5027 |
Distributor |
DWS
Distributors, Inc.
222
South Riverside Plaza
Chicago,
IL 60606-5808
(800)
621-1148 |
SEC
File Number |
Deutsche
DWS Income Trust
DWS
GNMA Fund
811-04049
Deutsche
DWS Income Trust
DWS
High Income Fund
811-04049
Deutsche
DWS Income Trust
DWS
Global High Income Fund
811-04049
Deutsche
DWS Income Trust
DWS
Short Duration Fund
811-04049 |