0000088053-20-001134.txt : 20201016 0000088053-20-001134.hdr.sgml : 20201016 20201016081121 ACCESSION NUMBER: 0000088053-20-001134 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20201016 DATE AS OF CHANGE: 20201016 EFFECTIVENESS DATE: 20201016 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CASH ACCOUNT TRUST CENTRAL INDEX KEY: 0000858372 IRS NUMBER: 371259201 STATE OF INCORPORATION: MA FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-32476 FILM NUMBER: 201242825 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 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEUTSCHE DWS PORTFOLIO TRUST CENTRAL INDEX KEY: 0000088063 IRS NUMBER: 046013018 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-13627 FILM NUMBER: 201242820 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 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEUTSCHE DWS INVESTMENT TRUST CENTRAL INDEX KEY: 0000088064 IRS NUMBER: 042212654 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-13628 FILM NUMBER: 201242816 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 INVESTMENT TRUST DATE OF NAME CHANGE: 20140811 FORMER COMPANY: FORMER CONFORMED NAME: DWS INVESTMENT TRUST DATE OF NAME CHANGE: 20060207 FORMER COMPANY: FORMER CONFORMED NAME: INVESTMENT TRUST DATE OF NAME CHANGE: 19980529 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEUTSCHE DWS INTERNATIONAL FUND, INC. CENTRAL INDEX KEY: 0000088053 IRS NUMBER: 132827803 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-14400 FILM NUMBER: 201242815 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 INTERNATIONAL FUND, INC. DATE OF NAME CHANGE: 20140811 FORMER COMPANY: FORMER CONFORMED NAME: DWS INTERNATIONAL FUND, INC. DATE OF NAME CHANGE: 20060207 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER INTERNATIONAL FUND INC DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEUTSCHE DWS MARKET TRUST CENTRAL INDEX KEY: 0000095603 IRS NUMBER: 366103490 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-21789 FILM NUMBER: 201242817 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 MARKET TRUST DATE OF NAME CHANGE: 20140811 FORMER COMPANY: FORMER CONFORMED NAME: DWS MARKET TRUST DATE OF NAME CHANGE: 20110203 FORMER COMPANY: FORMER CONFORMED NAME: DWS BALANCED FUND DATE OF NAME CHANGE: 20060207 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEUTSCHE DWS SECURITIES TRUST CENTRAL INDEX KEY: 0000088048 IRS NUMBER: 132661231 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-36238 FILM NUMBER: 201242821 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 SECURITIES TRUST DATE OF NAME CHANGE: 20140811 FORMER COMPANY: FORMER CONFORMED NAME: DWS SECURITIES TRUST DATE OF NAME CHANGE: 20060207 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER SECURITIES TRUST DATE OF NAME CHANGE: 19950908 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEUTSCHE DWS MONEY FUNDS CENTRAL INDEX KEY: 0000055189 IRS NUMBER: 362809723 STATE OF INCORPORATION: MA FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-51992 FILM NUMBER: 201242818 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 MONEY FUNDS DATE OF NAME CHANGE: 20140811 FORMER COMPANY: FORMER CONFORMED NAME: DWS MONEY FUNDS DATE OF NAME CHANGE: 20060207 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER MONEY FUNDS DATE OF NAME CHANGE: 20020410 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEUTSCHE DWS MUNICIPAL TRUST CENTRAL INDEX KEY: 0000203142 IRS NUMBER: 046396607 STATE OF INCORPORATION: MA FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-57139 FILM NUMBER: 201242819 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 MUNICIPAL TRUST DATE OF NAME CHANGE: 20140811 FORMER COMPANY: FORMER CONFORMED NAME: DWS MUNICIPAL TRUST DATE OF NAME CHANGE: 20060207 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER MUNICIPAL TRUST DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEUTSCHE DWS TAX FREE TRUST CENTRAL INDEX KEY: 0000711600 IRS NUMBER: 042782118 STATE OF INCORPORATION: MA FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-81105 FILM NUMBER: 201242823 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 TAX FREE TRUST DATE OF NAME CHANGE: 20140811 FORMER COMPANY: FORMER CONFORMED NAME: DWS TAX FREE TRUST DATE OF NAME CHANGE: 20060207 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER TAX FREE TRUST DATE OF NAME CHANGE: 19930909 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEUTSCHE DWS STATE TAX-FREE INCOME SERIES CENTRAL INDEX KEY: 0000714287 IRS NUMBER: 363221104 STATE OF INCORPORATION: MA FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-81549 FILM NUMBER: 201242822 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 STATE TAX-FREE INCOME SERIES DATE OF NAME CHANGE: 20140811 FORMER COMPANY: FORMER CONFORMED NAME: DWS STATE TAX-FREE INCOME SERIES DATE OF NAME CHANGE: 20060207 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER STATE TAX-FREE INCOME SERIES DATE OF NAME CHANGE: 20010625 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEUTSCHE DWS INCOME TRUST CENTRAL INDEX KEY: 0000747677 IRS NUMBER: 000000000 FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-91577 FILM NUMBER: 201242813 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 INCOME TRUST DATE OF NAME CHANGE: 20140811 FORMER COMPANY: FORMER CONFORMED NAME: DWS INCOME TRUST DATE OF NAME CHANGE: 20060207 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER INCOME TRUST DATE OF NAME CHANGE: 20000616 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEUTSCHE DWS GLOBAL/INTERNATIONAL FUND, INC. CENTRAL INDEX KEY: 0000793597 IRS NUMBER: 000000000 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-05724 FILM NUMBER: 201242812 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 GLOBAL/INTERNATIONAL FUND, INC. DATE OF NAME CHANGE: 20140811 FORMER COMPANY: FORMER CONFORMED NAME: DWS GLOBAL/INTERNATIONAL FUND, INC. DATE OF NAME CHANGE: 20060207 FORMER COMPANY: FORMER CONFORMED NAME: GLOBAL/INTERNATIONAL FUND INC DATE OF NAME CHANGE: 19980605 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEUTSCHE DWS INSTITUTIONAL FUNDS CENTRAL INDEX KEY: 0000862157 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-34079 FILM NUMBER: 201242814 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 INSTITUTIONAL FUNDS DATE OF NAME CHANGE: 20140811 FORMER COMPANY: FORMER CONFORMED NAME: DWS INSTITUTIONAL FUNDS DATE OF NAME CHANGE: 20060206 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER INSTITUTIONAL FUNDS DATE OF NAME CHANGE: 20030519 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INVESTORS CASH TRUST CENTRAL INDEX KEY: 0000863209 IRS NUMBER: 363708479 STATE OF INCORPORATION: MA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-34645 FILM NUMBER: 201242824 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 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEUTSCHE DWS ASSET ALLOCATION TRUST CENTRAL INDEX KEY: 0000926425 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-86070 FILM NUMBER: 201242811 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 ASSET ALLOCATION TRUST DATE OF NAME CHANGE: 20151019 FORMER COMPANY: FORMER CONFORMED NAME: DEUTSCHE TARGET DATE SERIES DATE OF NAME CHANGE: 20140811 FORMER COMPANY: FORMER CONFORMED NAME: DWS TARGET DATE SERIES DATE OF NAME CHANGE: 20071101 0000055189 S000006073 DWS Money Market Prime Series C000035164 DWS Cash Investment Trust - Class S DOSXX 0000088048 S000006103 DWS Health and Wellness Fund C000016786 Class S SCHLX 0000088048 S000031522 DWS Science and Technology Fund C000098010 Class S KTCSX 0000088048 S000032043 DWS Enhanced Commodity Strategy Fund C000099779 Class S SKSRX 0000088048 S000032044 DWS RREEF Global Real Estate Securities Fund C000099783 Class S RRGTX 0000088048 S000032045 DWS RREEF Real Estate Securities Fund C000099789 Class S RRREX 0000088053 S000006028 DWS Emerging Markets Equity Fund C000016561 Class S SEMGX 0000088053 S000006030 DWS CROCI International Fund C000016572 Class S SCINX 0000088053 S000006031 DWS Latin America Equity Fund C000016579 Class S SLAFX 0000088053 S000031160 DWS Global Macro Fund C000096697 Class S DBIVX 0000088063 S000006101 DWS Total Return Bond Fund C000016774 Class S SCSBX 0000088063 S000017996 DWS Floating Rate Fund C000049881 Class S DFRPX 0000088064 S000005705 DWS Capital Growth Fund C000015675 Class S SCGSX 0000088064 S000005706 DWS Core Equity Fund C000015682 Class S SCDGX 0000088064 S000005707 DWS Large Cap Focus Growth Fund C000015689 Class S SCQGX 0000088064 S000005709 DWS Small Cap Core Fund C000015700 Class S SSLCX 0000088064 S000031150 DWS Small Cap Growth Fund C000096648 Class S SSDSX 0000088064 S000048744 DWS CROCI U.S. Fund C000153537 Class S DCUSX 0000088064 S000062620 DWS CROCI Equity Dividend Fund C000203114 Class S KDHSX 0000088064 S000062621 DWS ESG Core Equity Fund C000203119 Class S MIDTX 0000095603 S000006138 DWS Global Income Builder Fund C000016899 Class S KTRSX 0000095603 S000032019 DWS RREEF Real Assets Fund C000099690 Class S AAASX 0000203142 S000006094 DWS Strategic High Yield Tax-Free Fund C000016738 Class S SHYTX 0000203142 S000006095 DWS Managed Municipal Bond Fund C000016744 Class S SCMBX 0000203142 S000031144 DWS Short-Term Municipal Bond Fund C000096619 Class S SRMSX 0000711600 S000006133 DWS Intermediate Tax-Free Fund C000016871 Class S SCMTX 0000714287 S000006111 DWS California Tax-Free Income Fund C000016817 Class S SDCSX 0000714287 S000006112 DWS New York Tax-Free Income Fund C000016821 Class S SNWYX 0000714287 S000033433 DWS Massachusetts Tax-Free Fund C000102802 Class S SCMAX 0000747677 S000005964 DWS GNMA Fund C000016427 Class S SGINX 0000747677 S000031152 DWS Short Duration Fund C000096657 Class S DBPIX 0000747677 S000031154 DWS High Income Fund C000113857 Class S KHYSX 0000747677 S000031157 DWS Global High Income Fund C000096680 Class S SGHSX 0000793597 S000005466 DWS Emerging Markets Fixed Income Fund C000014879 Class S SCEMX 0000793597 S000005467 DWS ESG Global Bond Fund C000014884 Class S SSTGX 0000793597 S000005468 DWS Global Small Cap Fund C000014889 Class S SGSCX 0000793597 S000005469 DWS International Growth Fund C000014895 Class S SCOBX 0000793597 S000022444 DWS RREEF Global Infrastructure Fund C000064597 Class S TOLSX 0000793597 S000047216 DWS ESG International Core Equity Fund C000147954 Class S DURSX 0000858372 S000006303 DWS Tax-Exempt Portfolio C000035159 DWS Tax-Free Money Fund Class S DTCXX 0000862157 S000005959 DWS Equity 500 Index Fund C000016413 Class S BTIEX 0000862157 S000032010 DWS S&P 500 Index Fund C000099644 Class S SCPIX 0000863209 S000006308 DWS Treasury Portfolio C000035153 DWS U.S. Treasury Money Fund Class S IUSXX 0000926425 S000006098 DWS Multi-Asset Moderate Allocation Fund C000016759 Class S PPLSX 0000926425 S000006099 DWS Multi-Asset Growth Allocation Fund C000016764 Class S SPGRX 0000926425 S000006100 DWS Multi-Asset Conservative Allocation Fund C000016769 Class S SPBAX 497 1 sp_prostkr20-49.htm CLASS S - MEGA PROSPECTUS STICKER EDGAR HTML

 

SUPPLEMENT TO THE CURRENTLY EFFECTIVE CLASS S PROSPECTUSES OF EACH OF THE LISTED FUNDS
DWS California Tax-Free Income Fund
DWS Capital Growth Fund
DWS Core Equity Fund
DWS CROCI® Equity Dividend Fund
DWS CROCI® International Fund
DWS CROCI® U.S. Fund
DWS Emerging Markets Equity Fund
DWS Emerging Markets Fixed Income Fund
DWS Enhanced Commodity Strategy Fund
DWS Equity 500 Index Fund
DWS ESG Core Equity Fund
DWS ESG Global Bond Fund
DWS ESG International Core Equity Fund
DWS Floating Rate Fund
DWS Global High Income Fund
DWS Global Income Builder Fund
DWS Global Macro Fund
DWS Global Small Cap Fund
DWS GNMA Fund
DWS Health and Wellness Fund
DWS High Income Fund
DWS Intermediate Tax-Free Fund
DWS International Growth Fund
DWS Large Cap Focus Growth Fund
DWS Latin America Equity Fund
DWS Managed Municipal Bond Fund
DWS Massachusetts Tax-Free Fund
DWS Money Market Prime Series
DWS Cash Investment Trust Class S
DWS Multi-Asset Conservative Allocation Fund
DWS Multi-Asset Growth Allocation Fund
DWS Multi-Asset Moderate Allocation Fund
DWS New York Tax-Free Income Fund
DWS RREEF Global Infrastructure Fund
DWS RREEF Global Real Estate Securities Fund
DWS RREEF Real Assets Fund
DWS RREEF Real Estate Securities Fund
DWS S&P 500 Index Fund
DWS Science and Technology Fund
DWS Short Duration Fund
DWS Short-Term Municipal Bond Fund
DWS Small Cap Core Fund
DWS Small Cap Growth Fund
DWS Strategic High Yield Tax-Free Fund
DWS Tax-Exempt Portfolio
DWS Tax-Free Money Fund Class S
DWS Total Return Bond Fund
DWS Treasury Portfolio
DWS U.S. Treasury Money Fund Class S

The following changes are effective on or about October 16, 2020:
The following disclosure replaces the existing similar disclosure under the TO PLACE ORDERS heading under the PURCHASE AND SALE OF FUND SHARES section in the summary section of each fund’s prospectus.
Class S shares are available through certain intermediary relationships with financial services firms, or can be purchased by establishing an account directly with the fund’s transfer agent.
The following disclosure replaces the existing disclosure (for Class S shares only) under the Investing in the Funds section in each fund’s prospectus.
Class S shares are available through certain intermediary relationships with financial services firms, or can be purchased by establishing an account directly with the fund’s transfer agent.
The following disclosure is added after the last paragraph under the Investing in the Funds section immediately before the CHOOSING A SHARE CLASS heading (or the Class S Shares sub-heading for DWS U.S. Treasury Money Fund Class S and DWS Tax-Free Money Fund Class S) in each fund’s prospectus.
The fund, the Distributor and the transfer agent do not provide investment advice or recommendations to existing or potential shareholders with respect to investing in the fund, including which class may be appropriate for you.
The following disclosure replaces the existing disclosure for Class S in the Classes and features and Points to help you compare table under the CHOOSING A SHARE CLASS heading of the ”Investing in the Funds” section of each fund’s prospectus (as applicable) :
Classes and features
No sales charge when you buy shares and no deferred sales charge when you sell shares
Points to help you compare
Total annual expenses are lower than those for Class A, T, C and R (as applicable)
Distributions are generally higher than Class A, T, C and R (as applicable), and may be higher than Institutional Class, depending on relative expenses
The following replaces in its entirety the existing disclosure in the Class S Shares sub-heading under the CHOOSING A SHARE CLASS heading (as applicable) of the ”Investing in the Funds” section of each fund’s prospectus:
Class S shares have no initial sales charge, deferred sales charge or 12b-1 fees.
October 16, 2020
PROSTKR20-49

Class S shares are available through (i) fee-based programs of investment dealers that have special agreements with each fund’s distributor, (ii) certain group retirement plans, and (iii) certain registered investment advisors, or (iv) by establishing an account directly with the fund’s transfer agent.
Investors who purchase shares through a financial intermediary may be charged ongoing fees for services they provide. This includes investors who purchase Class S shares in connection with certain programs or plans, such as:
Broker-dealers, banks and registered investment advisors (RIAs) in connection with a comprehensive or wrap fee program or other fee-based program.
Any group retirement, employee stock, bonus, pension or profit-sharing plans.
Plans administered as college savings plans under Section 529 of the Internal Revenue Code.
Persons who purchase shares through a Health Savings Account or a Voluntary Employees’ Benefit Association (VEBA) Trust.
Class S shares may also be available on brokerage platforms of firms that have agreements with DDI to offer such shares when acting solely on an agency basis for its customers for the purchase or sale of such shares. If you transact in Class S shares through one of these programs, you may be required to pay a commission and/or other forms of compensation to your broker. Shares of a fund are available in other share classes that have different fees and expenses.
Class S shares are also available to accounts managed by the Advisor, any advisory products offered by the Advisor or DDI and to funds-of-funds managed by the Advisor or its Affiliates.
Investment Minimum
The minimum initial investment may be waived for:
Eligible intermediaries that have agreements with DDI to offer Class S shares in their brokerage platforms when such Class S shares are held in omnibus accounts on such brokerage platforms.
Please Retain This Supplement for Future Reference
October 16, 2020
PROSTKR20-49
2

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