# EDGAR Filing Document

**Accession Number:** 0000088063
**File Stem:** 0000088053-25-001069
**Filing Date:** 2025-12
**Character Count:** 5353
**Document Hash:** 5e97c91c2e87dd6ac1c749b4a4cee5ec
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000088053-25-001069.hdr.sgml**: 20251208

**ACCESSION NUMBER**: 0000088053-25-001069

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20251208

**DATE AS OF CHANGE**: 20251208

**EFFECTIVENESS DATE**: 20251208

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DEUTSCHE DWS PORTFOLIO TRUST
- **CENTRAL INDEX KEY:** 0000088063

**ORGANIZATION NAME:**
- **EIN:** 046013018
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 002-13627
- **FILM NUMBER:** 251556553

**BUSINESS ADDRESS:**
- **STREET 1:** 875 THIRD AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022-6225
- **BUSINESS PHONE:** 212-454-4500

**MAIL ADDRESS:**
- **STREET 1:** 875 THIRD AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022-6225

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DEUTSCHE PORTFOLIO TRUST
- **DATE OF NAME CHANGE:** 20140811

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DWS PORTFOLIO TRUST
- **DATE OF NAME CHANGE:** 20060207

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SCUDDER PORTFOLIO TRUST/
- **DATE OF NAME CHANGE:** 19930305

## Series and Classes Contracts Data

### DWS Floating Rate Fund (Series ID: S000017996)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000049879 | Class A             | DFRAX           |
| C000049880 | Class C             | DFRCX           |
| C000049881 | Class S             | DFRPX           |
| C000049882 | Institutional Class | DFRTX           |

**SUPPLEMENT TO THE CURRENTLY EFFECTIVE PROSPECTUS, SUMMARY PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION**

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DWS Floating Rate Fund

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Upon the recommendation of DWS Investment Management Americas, Inc. (the "Advisor"), the investment advisor for DWS Floating Rate Fund (the "fund"), the Board of Trustees of Deutsche DWS Portfolio Trust has authorized, on behalf of the fund, the fund's termination and liquidation, which will be effective on or about March 23, 2026 (the "Liquidation Date"). Accordingly, the fund will redeem all of its outstanding shares on the Liquidation Date. The liquidation will be effected according to a Plan of Liquidation and Termination. The operational costs of the liquidation, including the mailing of notification to shareholders, will be borne by the fund but reimbursed by the Advisor, after taking into account applicable contractual expense caps then in effect by the Advisor to waive or reimburse certain operating expenses of the fund. As the Liquidation Date approaches, the fund's assets not already converted to cash or cash equivalents will be converted to cash or cash equivalents and the fund will not be pursuing its investment objective. The liquidation is expected to be a taxable event for shareholders other than shareholders who are investing through a tax-advantaged arrangement or are tax-exempt.

The fund will be closed to new investors effective upon the close of business on December 12, 2025. After that date, existing shareholders may continue to invest in the fund and retirement plans that currently offer the fund as an investment option may continue to offer the fund to their participants until the Liquidation Date.

Shareholders may exchange their shares for shares of the same class of another DWS fund or redeem their shares prior to the Liquidation Date. Shareholders who elect to exchange their shares may do so at net asset value without the payment of any contingent deferred sales charge (CDSC) and shareholders who elect to redeem their shares will receive the net asset value per share for all shares redeemed less any applicable CDSC on such redemption date. Shareholders whose shares are redeemed by the fund on the Liquidation Date will receive the net asset value per share for all shares they own on the Liquidation Date without the deduction of any applicable CDSC. The exchange or redemption of shares, on or before the Liquidation Date, generally will be a taxable event for shareholders, other than shareholders that are in individual retirement accounts, qualified defined contribution and defined benefit plans, or other tax-deferred qualified investment vehicles. Please consult your personal tax advisor about the potential tax consequences.

Shareholders who redeem their shares prior to the Liquidation Date or whose shares are redeemed on the Liquidation Date, and for which they paid a sales charge, may be able to take advantage of the "reinstatement feature" if they decide to invest with DWS again within six months. With this feature, shareholders can invest their money back into the same class of another DWS fund at its current net asset value and, for purposes of a sales charge, their investment will be treated as if it had never left DWS (this may result in shareholder tax liability for federal income tax purposes). Shareholders who use this reinstatement feature will be reimbursed (in the form of fund shares by the fund's distributor) for any CDSC they paid when they redeemed shares in the fund. Future CDSC calculations will be based on the original investment date, rather than the reinstatement date.

*Please Retain This Supplement for Future Reference*

December 8, 2025

PRO_SAISTKR25-52

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