SUPPLEMENT TO THE CURRENTLY
EFFECTIVE STATEMENT OF ADDITIONAL INFORMATION
DWS Strategic High Yield Tax-Free
Fund
The following information replaces
the existing similar disclosure relating to the fund in the “PART I: APPENDIX I-E — SERVICE PROVIDER COMPENSATION” section of the fund’s Statement of Additional Information:
The following waivers are
currently in effect:
DWS Strategic High Yield Tax-Free
Fund:
The Advisor has contractually
agreed through September 30, 2019 to waive its fees and/or reimburse fund expenses to the extent necessary to maintain the fund’s total annual operating expenses (excluding certain expenses such as extraordinary
expenses, taxes, brokerage, interest expense and acquired fund fees and expenses) at 0.85%, 1.60%, 0.60% and 0.60% for Class A, Class C, Institutional Class and Class S shares, respectively. The agreement may only be
terminated with the consent of the fund’s Board.
Please Retain This Supplement
for Future Reference
October 3, 2018
SAISTKR-442
