Deutsche Portfolio Trust

09/23/2024 | Press release | Distributed by Public on 09/23/2024 12:33

Prospectus by Investment Company - Form 497

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SUPPLEMENT TO THE CURRENTLY EFFECTIVE STATEMENT OF ADDITIONAL INFORMATION
DWS Total Return Bond Fund
The following information is added to existing disclosure in the "PART I: APPENDIX I-E - SERVICE PROVIDER COMPENSATION" section of the fund's Statement of Additional Information:
Effective October 1, 2024, DWS Total Return Bond Fund pays the Advisor a fee, calculated daily and paid monthly, at the annual rate of 0.350% on the first $1.5 billion of the fund's average daily net assets, 0.335% on the next $1.75 billion of the fund's average daily net assets, 0.320% on the next $1.75 billion of the fund's average daily net assets, 0.305% on the next $2.5 billion of the fund's average daily net assets, 0.295% on the next $2.5 billion of the fund's average daily net assets, 0.275% on the next $2.5 billion of the fund's average daily net assets, and 0.265% of the fund's average daily net assets thereafter. Prior to October 1, 2024, the fund paid the Advisor a fee, calculated daily and paid monthly, at the annual rate of 0.400% on the first $1.5 billion of the fund's average daily net assets, 0.385% on the next $1.75 billion of the fund's average daily net assets, 0.370% on the next $1.75 billion of the fund's average daily net assets, 0.355% on the next $2.5 billion of the fund's average daily net assets, 0.345% on the next $2.5 billion of the fund's average daily net assets, 0.325% on the next $2.5 billion of the fund's average daily net assets, and 0.315% of the fund's average daily net assets thereafter.
Effective October 1, 2024, the following replaces similar information relating to the fund under the "PART II: APPENDIX II-C - CONTRACTUAL FEE RATES OF SERVICE PROVIDERS" section of the fund's Statement of Additional Information:
Fund Name
Management Fee Rate
DWS Total Return Bond Fund
First $1.5 billion 0.350%
Next $1.75 billion 0.335%
Next $1.75 billion 0.320%
Next $2.5 billion 0.305%
Next $2.5 billion 0.295%
Next $2.5 billion 0.275%
Thereafter 0.265%
Please Retain This Supplement for Future Reference
September 23, 2024
SAISTKR24-27