SUPPLEMENT TO THE CURRENTLY
EFFECTIVE PROSPECTUSES OF EACH OF THE LISTED FUNDS
The following disclosure
replaces in its entirety the information in the “Investment Minimum” sub-section for Institutional Class Shares under the “CHOOSING A SHARE CLASS” sub-heading under the “INVESTING IN THE
FUND(S)” section of each fund’s prospectus.
Investment Minimum
The minimum initial
investment is waived for:
| ■ | Investment advisory affiliates of Deutsche Bank Securities, Inc. or DWS funds purchasing shares for the accounts of their investment advisory clients. |
| ■ | Employee benefit plans that transact through omnibus recordkeepers or that have assets of at least $50 million. |
| ■ | Clients of the private banking division of Deutsche Bank AG. |
| ■ | Institutional clients and qualified purchasers that are clients of a division of Deutsche Bank AG. |
| ■ | A current or former director or trustee of the DWS funds. |
| ■ | An employee, the employee’s spouse or life partner and children or stepchildren age 21 or younger of Deutsche Bank or its affiliates or a subadvisor to any fund in the DWS funds or a broker-dealer authorized to sell shares of the funds. |
| ■ | Registered investment advisors that invest client assets in the fund through an omnibus account on a trading platform approved by the Advisor, provided the aggregate assets of such omnibus account meets or, in the Advisor’s judgment, will meet within a reasonable period of time, the $1,000,000 minimum investment. |
| ■ | Employee benefit plan platforms approved by the Advisor that invest in a fund through an omnibus account that meets or, in the Advisor's judgment, will meet within a reasonable period of time, the $1,000,000 minimum investment. |
| ■ | Shareholders with existing accounts prior to August 13, 2004 who met the previous minimum investment eligibility requirement. |
| ■ | For DWS Capital Growth Fund and DWS CROCI® Equity Dividend Fund: Shareholders with existing Institutional Class accounts prior to July 23, 2007 who purchased shares through certain broker-dealers authorized to sell fund shares. |
Each fund reserves
the right to modify the above eligibility requirements and investment minimum requirements at any time. In addition, each fund, in its discretion, may waive the minimum initial investment for a specific employee
benefit plan (or family of plans) whose aggregate investment in Institutional Class shares of a fund equals or exceeds the minimum initial investment amount but where an individual plan account or program may not on
its own meet such minimum amount.
Please Retain This
Supplement for Future Reference
PROSTKR-1094
