| Supplement to the currently effective STATEMENT OF ADDITIONAL INFORMATION | ||
DWS Floating Rate Fund
Kirk Maurer and Nick Soroka have been added as portfolio managers of the fund and, together with Gary Russell, Lonnie Fox (through September 1, 2023), Thomas R. Bouchard and Sarah Rowin, are 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 Lonnie Fox is provided as of May 31, 2022, and the information for Gary Russell, Thomas R. Bouchard, Kirk Maurer, Sarah Rowin and Nick Soroka 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 |
| Kirk Maurer | $0 | $0 |
| Sarah Rowin | $0 | $0 |
| Nick Soroka | $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 | $932,082,588 | 0 | $0 |
| Lonnie Fox | 3 | $1,177,281,085 | 0 | $0 |
| Thomas R. Bouchard | 3 | $932,082,588 | 0 | $0 |
| Kirk Maurer | 0 | $0 | 0 | $0 |
| Sarah Rowin | 3 | $932,082,588 | 0 | $0 |
| Nick Soroka | 0 | $0 | 0 | $0 |
August 28, 2023
SAISTKR23-24
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 | $194,218,016 | 0 | $0 |
| Lonnie Fox | 0 | $0 | 0 | $0 |
| Thomas R. Bouchard | 0 | $0 | 0 | $0 |
| Kirk Maurer | 0 | $0 | 0 | $0 |
| Sarah Rowin | 0 | $0 | 0 | $0 |
| Nick Soroka | 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 | $492,991,895 | 0 | $0 |
| Lonnie Fox | 11 | $988,396,003 | 0 | $0 |
| Thomas R. Bouchard | 3 | $69,229,680 | 0 | $0 |
| Kirk Maurer | 0 | $0 | 0 | $0 |
| Sarah Rowin | 0 | $0 | 0 | $0 |
| Nick Soroka | 0 | $0 | 0 | $0 |
Please Retain This Supplement for Future Reference
August 28, 2023
SAISTKR23-24