497 1 ss113009mega.txt 497 - PROSPECTUS AND SAI STICKER SUPPLEMENT TO THE CURRENTLY EFFECTIVE PROSPECTUSES OF EACH OF THE LISTED FUNDS: ---------------------- DWS Balanced Fund DWS Global Bond Fund DWS RREEF Real Estate Securities Fund DWS Blue Chip Fund DWS Global Opportunities Fund DWS S&P 500 Index Fund DWS Capital Growth Fund DWS Gold & Precious Metals Fund DWS S&P 500 Plus Fund DWS Commodity Securities Fund DWS Growth & Income Fund DWS Short Duration Fund DWS Communications Fund DWS Health Care Fund DWS Short Duration Plus Fund DWS Core Fixed Income Fund DWS High Income Fund DWS Short Term Municipal Bond Fund DWS Core Plus Income Fund DWS High Income Plus Fund DWS Small Cap Core Fund DWS Diversified International Equity Fund DWS Inflation Protected Plus Fund DWS Small Cap Growth Fund DWS Dreman Mid Cap Value Fund DWS Intermediate Tax/AMT Free Fund DWS Strategic Government Securities Fund DWS Dreman Small Cap Value Fund DWS Large Cap Value Fund DWS Strategic High Yield Tax-Free Fund DWS Emerging Markets Equity Fund DWS Latin America Equity Fund DWS Strategic Income Fund DWS Emerging Markets Fixed Income Fund DWS Managed Municipal Bond Fund DWS Strategic Value Fund DWS Europe Equity Fund DWS Massachusetts Tax-Free Fund DWS Technology Fund DWS Mid Cap Growth Fund ------------------------------------------------------------------------------------------------------------------------------------
The following information is added to "Class B Shares" in the "Choosing a Share Class" section of each fund's Class B prospectus: Effective March 1, 2010 (the "Effective Date"), Class B shares of each fund will be closed to new purchases, except that Class B shares may continue to be purchased in connection with an exchange or the reinvestment of dividends or other distributions (including the investment of dividends and distributions in Class B shares of another fund). From and after the Effective Date, except as noted above, no new purchases of Class B shares will be allowed, whether by new investors or existing shareholders, including purchases under an automatic investment plan. The Effective Date is subject to change. The closing of the Class B shares will not affect: (a) the right of shareholders of Class B shares to continue to sell (redeem) their shares as provided in the prospectus, subject to any applicable contingent deferred sales charge ("CDSC"); or (b) the automatic conversion of Class B shares to Class A shares six years after purchase. Class B shares held as of the Effective Date will continue as Class B shares with all Class B attributes, including Rule 12b-1 fees, until sold or until their automatic conversion to Class A shares. Class A and Class C shares will continue to be offered as provided in the applicable fund prospectus. Investors should note the differences among the classes as described in the prospectus, including differences in sales charges and operating expenses. From and after the Effective Date, purchases by shareholders under Class B shares automatic investment plans ("AIPs") established on or prior to December 1, 2009 will be automatically continued with Class A shares. Such shareholders will then be permitted to purchase Class A shares at net asset value, without a sales charge, whether as part of their AIP or otherwise. The foregoing applies only to purchases under (i) AIPs established directly with DWS Investments ("DWS AIPs") and, (ii) provided they are identified as an AIP by DWS Investments, AIPs sponsored by others, such as government direct deposit, employer sponsored payroll direct deposit and auto-debit programs established with the shareholder's bank or credit union ("non-DWS AIP"). Shareholders with a non-DWS AIP should contact DWS Investments at (800) 621-1048 prior to the Effective Date to ensure that their account is identified as an AIP. For any AIP established after December 1, 2009, this privilege to purchase Class A shares without a sales charge will not apply and orders for Class B shares from such an AIP received on or after the Effective Date will not be accepted. For this reason, shareholders will not be permitted to establish DWS AIPs for Class B shares after December 1, 2009 and shareholders should not establish non-DWS AIPs for Class B shares after that date. [DWS INVESTMENTS LOGO] Deutsche Bank Group November 30, 2009 DMF-3600B Additionally, from and after the Effective Date, certain employer-sponsored employee benefit plans (known as "DWS Investments Flex Plans") using the ExpertPlan subaccount record keeping system maintained for DWS Investments-branded plans that are currently purchasing Class B shares instead will purchase Class A shares at net asset value, without a sales charge. The reinstatement feature described in the prospectus will be modified on the Effective Date to no longer permit certain shareholders who have sold their Class B shares to repurchase Class B shares within the six month period following the sale with a reimbursement (in the form of shares) of the CDSC. However, within the six month period after the sale, such shareholders may continue to purchase Class A shares without a sales charge with the proceeds of the sale of Class B shares (but without a reimbursement of the CDSC), subject to the conditions of the reinstatement feature as described in the prospectus. Please Retain This Supplement for Future Reference November 30, 2009 DMF-3600B SUPPLEMENT TO THE CURRENTLY EFFECTIVE STATEMENTS OF ADDITIONAL INFORMATION OF EACH OF THE LISTED FUNDS: --------------------- DWS Balanced Fund DWS Inflation Protected Plus Fund DWS Blue Chip Fund DWS Intermediate Tax/AMT Free Fund DWS Capital Growth Fund DWS Large Cap Value Fund DWS Commodity Securities Fund DWS Latin America Equity Fund DWS Communications Fund DWS Managed Municipal Bond Fund DWS Core Fixed Income Fund DWS Massachusetts Tax-Free Fund DWS Core Plus Income Fund DWS Mid Cap Growth Fund DWS Diversified International Equity Fund DWS RREEF Real Estate Securities Fund DWS Dreman Mid Cap Value Fund DWS S&P 500 Index Fund DWS Dreman Small Cap Value Fund DWS S&P 500 Plus Fund DWS Emerging Markets Equity Fund DWS Short Duration Fund DWS Emerging Markets Fixed Income Fund DWS Short Duration Plus Fund DWS Europe Equity Fund DWS Short Term Municipal Bond Fund DWS Global Bond Fund DWS Small Cap Core Fund DWS Global Opportunities Fund DWS Small Cap Growth Fund DWS Gold & Precious Metals Fund DWS Strategic Government Securities Fund DWS Growth & Income Fund DWS Strategic High Yield Tax-Free Fund DWS Health Care Fund DWS Strategic Income Fund DWS High Income Fund DWS Strategic Value Fund DWS High Income Plus Fund DWS Technology Fund --------------------------------------------------------------------------------------------
The following information is added under "Class B Purchases" in the "Purchase and Redemption of Shares" section of each Fund's Class B Statement of Additional Information: As described in the prospectus, effective March 1, 2010, Class B shares will be closed to new purchases, except for exchanges and the reinvestment of dividends or other distributions. Please Retain This Supplement for Future Reference November 30, 2009