SUPPLEMENT TO THE CURRENTLY EFFECTIVE PROSPECTUSES, SUMMARY PROSPECTUSES AND STATEMENTS OF ADDITIONAL INFORMATION OF EACH OF THE LISTED FUNDS

DWS CROCI^® Sector Opportunities Fund

DWS Floating Rate Fund

DWS Health and Wellness Fund

DWS Intermediate Tax-Free Fund

DWS Managed Municipal Bond Fund

DWS Strategic High Yield Tax-Free Fund

Class T shares are not available for purchase.

Please Retain This Supplement for Future Reference

October 1, 2018

PRO_SAISTKR-441