| Supplement to the currently effective STATEMENT OF ADDITIONAL INFORMATION | ||
DWS Floating Rate Fund
Sarah Rowin has been added as a portfolio manager of the fund and, together with Gary Russell, Lonnie Fox and Thomas R. Bouchard, is responsible for the day-to-day management of the fund.
The following information replaces the existing tables for DWS Floating Rate Fund in “Part I: Appendix I-D – Portfolio Management” of the fund’s Statement of Additional Information. The information for Sarah Rowin is provided as of November 30, 2022, and the information for Gary Russell, Lonnie Fox and Thomas R. Bouchard is provided as of the fund’s most recent fiscal year end.
Fund Ownership of Portfolio Managers
|
Name
of Portfolio |
Dollar Range of Fund Shares Owned |
Dollar Range of All DWS Fund Shares Owned |
| Gary Russell | $100,001 - $500,000 | Over $1,000,000 |
| Lonnie Fox | $1 - $10,000 | $100,001 - $500,000 |
| Thomas R. Bouchard | $1 - $10,000 | $10,001 - $50,000 |
| Sarah Rowin | $0 | $0 |
Conflicts of Interest
Other SEC Registered Investment Companies Managed:
| Name of Portfolio Manager |
Number of Registered Investment Companies |
Total Assets of Registered Investment Companies |
Number of Investment Company Accounts with Performance- Based Fee |
Total Assets of Performance- Based Fee Accounts |
| Gary Russell | 3 | $1,177,281,085 | 0 | $0 |
| Lonnie Fox | 3 | $1,177,281,085 | 0 | $0 |
| Thomas R. Bouchard | 3 | $1,177,281,085 | 0 | $0 |
| Sarah Rowin | 0 | $0 | 0 | $0 |
February
1, 2023
SAISTKR23-03
Other Pooled Investment Vehicles Managed:
| Name of Portfolio Manager |
Number of Pooled Investment Vehicles |
Total Assets of Pooled Investment Vehicles |
Number of Pooled Investment Vehicle Accounts with Performance-Based Fee |
Total Assets of Performance-Based Fee Accounts |
| Gary Russell | 1 | $97,765,354 | 0 | $0 |
| Lonnie Fox | 0 | $0 | 0 | $0 |
| Thomas R. Bouchard | 0 | $0 | 0 | $0 |
| Sarah Rowin | 0 | $0 | 0 | $0 |
Other Accounts Managed:
| Name of Portfolio Manager |
Number of Other Accounts |
Total Assets of Other Accounts |
Number of Other Accounts with Performance-Based Fee |
Total Assets of Performance-Based Fee Accounts |
| Gary Russell | 9 | $702,563,356 | 0 | $0 |
| Lonnie Fox | 11 | $988,396,003 | 0 | $0 |
| Thomas R. Bouchard | 2 | $246,068,896 | 0 | $0 |
| Sarah Rowin | 0 | $0 | 0 | $0 |
Please Retain This Supplement for Future Reference
February 1, 2023
SAISTKR23-03