0000088053-17-001093.txt : 20170707 0000088053-17-001093.hdr.sgml : 20170707 20170707103445 ACCESSION NUMBER: 0000088053-17-001093 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20170707 DATE AS OF CHANGE: 20170707 EFFECTIVENESS DATE: 20170707 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEUTSCHE VALUE SERIES, INC CENTRAL INDEX KEY: 0000825062 IRS NUMBER: 000000000 FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-18477 FILM NUMBER: 17954197 BUSINESS ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154-0004 BUSINESS PHONE: 212-454-6778 MAIL ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154-0004 FORMER COMPANY: FORMER CONFORMED NAME: DWS VALUE SERIES, INC DATE OF NAME CHANGE: 20060207 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER VALUE SERIES INC DATE OF NAME CHANGE: 20010625 FORMER COMPANY: FORMER CONFORMED NAME: KEMPER VALUE SERIES INC DATE OF NAME CHANGE: 19990119 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEUTSCHE 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: 17954199 BUSINESS ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154-0004 BUSINESS PHONE: 212-454-6778 MAIL ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154-0004 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 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER INCOME FUND DATE OF NAME CHANGE: 19921109 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEUTSCHE 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: 17954200 BUSINESS ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154-0004 BUSINESS PHONE: 212-454-6778 MAIL ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154-0004 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 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER MANAGED MUNICIPAL BONDS DATE OF NAME CHANGE: 19880302 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEUTSCHE 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: 17954201 BUSINESS ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154-0004 BUSINESS PHONE: 212-454-6778 MAIL ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154-0004 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 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER TOTAL RETURN FUND DATE OF NAME CHANGE: 20010614 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEUTSCHE 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: 17954203 BUSINESS ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154-0004 BUSINESS PHONE: 212-454-6778 MAIL ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154-0004 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 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER INTERNATIONAL INVESTMENTS LTD DATE OF NAME CHANGE: 19761203 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEUTSCHE 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: 17954205 BUSINESS ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154-0004 BUSINESS PHONE: 212-454-6778 MAIL ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154-0004 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 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: 17954198 BUSINESS ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154-0004 BUSINESS PHONE: 212-454-6778 MAIL ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154-0004 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 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER DEVELOPMENT FUND DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEUTSCHE 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: 17954204 BUSINESS ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154-0004 BUSINESS PHONE: 212-454-6778 MAIL ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154-0004 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 FORMER COMPANY: FORMER CONFORMED NAME: BT INSTITUTIONAL FUNDS DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEUTSCHE 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: 17954202 BUSINESS ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154-0004 BUSINESS PHONE: 212-454-6778 MAIL ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154-0004 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 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER INVESTMENT TRUST DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEUTSCHE 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: 17954206 BUSINESS ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154-0004 BUSINESS PHONE: 212-454-6778 MAIL ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154-0004 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 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER GLOBAL FUND INC DATE OF NAME CHANGE: 19920703 0000088048 S000031521 Deutsche Gold & Precious Metals Fund C000098001 Class A SGDAX C000098003 Class C SGDCX C000098004 Class S SCGDX C000098005 Institutional Class SGDIX C000177601 Class T SGDTX 0000088048 S000031522 Deutsche Science and Technology Fund C000098006 Institutional Class KTCIX C000098007 Class A KTCAX C000098009 Class C KTCCX C000098010 Class S KTCSX C000177602 Class T KTCTX 0000088048 S000032042 Deutsche Communications Fund C000099770 Class A TISHX C000099772 Class C FTICX C000099773 Institutional Class FLICX C000180906 Class T TISTX 0000088048 S000032044 Deutsche Global Real Estate Securities Fund C000099780 Class A RRGAX C000099781 Class C RRGCX C000099783 Class S RRGTX C000099784 Institutional Class RRGIX C000176653 Class R6 RRGRX C000188510 Class T RRGUX 0000088048 S000032045 Deutsche Real Estate Securities Fund C000099785 Class A RRRAX C000099787 Class C RRRCX C000099788 Class R RRRSX C000099789 Class S RRREX C000099790 Institutional Class RRRRX C000148175 Class R6 RRRZX C000188511 Class T RRRTX 0000088048 S000047963 Deutsche MLP & Energy Infrastructure Fund C000151072 Class A DMPAX C000151073 Class C DMPCX C000151074 Institutional Class DMPIX C000151075 Class S DMPSX 0000088053 S000006028 Deutsche Emerging Markets Equity Fund C000016557 Class A SEKAX C000016560 Class C SEKCX C000016561 Class S SEMGX C000063926 Institutional Class SEKIX C000177619 Class T SEKTX 0000088053 S000006029 Deutsche World Dividend Fund C000016562 Class A SERAX C000016565 Class C SERCX C000016566 Class S SCGEX C000016567 Institutional Class SERNX C000148127 Class R6 SERZX C000177620 Class T SERTX 0000088053 S000006031 Deutsche Latin America Equity Fund C000016574 Class A SLANX C000016577 Class C SLAPX C000016579 Class S SLAFX C000152125 Institutional Class SLARX C000177621 Class T SLAUX 0000088053 S000031160 Deutsche Global Macro Fund C000096693 Class A DBISX C000096695 Class C DBICX C000096696 Class R DBITX C000096697 Class S DBIVX C000096698 Institutional Class MGINX C000177622 Class T DBIUX 0000088063 S000006101 Deutsche Core Plus Income Fund C000016770 Class A SZIAX C000016773 Class C SZICX C000016774 Class S SCSBX C000016775 Institutional Class SZIIX C000188530 Class T SZITX 0000088064 S000005705 Deutsche Capital Growth Fund C000015670 Class A SDGAX C000015673 Class C SDGCX C000015674 Class R SDGRX C000015675 Class S SCGSX C000015676 Institutional Class SDGTX C000144535 Class R6 SDGZX C000177624 Class T SDGUX 0000088064 S000005706 Deutsche Core Equity Fund C000015677 Class A SUWAX C000015680 Class C SUWCX C000015681 Class R SUWTX C000015682 Class S SCDGX C000015683 Institutional Class SUWIX C000148203 Class R6 SUWZX C000177625 Class T SUWUX 0000088064 S000005709 Deutsche Small Cap Core Fund C000015696 Class A SZCAX C000015699 Class C SZCCX C000015700 Class S SSLCX C000172343 Class R6 SZCRX C000172344 Institutional Class SZCIX C000177626 Class T SZCTX 0000088064 S000031149 Deutsche Mid Cap Growth Fund C000096639 Class A SMCAX C000096641 Class C SMCCX C000096642 Class S SMCSX C000096643 Institutional Class BTEAX C000177627 Class T SMCTX 0000088064 S000031150 Deutsche Small Cap Growth Fund C000096644 Institutional Class SSDIX C000096645 Class A SSDAX C000096647 Class C SSDCX C000096648 Class S SSDSX C000113854 Class R SSDGX C000148204 Class R6 SSDZX C000177628 Class T SSDVX 0000095603 S000006138 Deutsche Global Income Builder Fund C000016894 Class A KTRAX C000016897 Class C KTRCX C000016899 Class S KTRSX C000016900 Institutional Class KTRIX C000148117 Class R6 KTRZX C000177612 Class T KTRTX 0000203142 S000031144 Deutsche Short-Term Municipal Bond Fund C000096616 Class A SRMAX C000096618 Class C SRMCX C000096619 Class S SRMSX C000096620 Institutional Class MGSMX C000177623 Class T SRMTX 0000747677 S000005964 Deutsche GNMA Fund C000016427 Class S SGINX C000075469 Class A GGGGX C000075470 Class C GCGGX C000075471 Institutional Class GIGGX C000113855 Class R GRGGX C000152123 Class R6 GRRGX C000177603 Class T GIGTX 0000747677 S000031152 Deutsche Short Duration Fund C000096654 Class A PPIAX C000096656 Class C PPLCX C000096657 Class S DBPIX C000096658 Institutional Class PPILX C000148124 Class R6 PPLZX C000177604 Class T PPITX 0000747677 S000031153 Deutsche Global Inflation Fund C000096659 Institutional Class TIPIX C000096660 Class A TIPAX C000096662 Class C TIPCX C000096663 Class S TIPSX C000177605 Class T TIPUX 0000747677 S000031154 Deutsche High Income Fund C000096664 Class A KHYAX C000096666 Class C KHYCX C000096667 Institutional Class KHYIX C000113856 Class R KHYRX C000113857 Class S KHYSX C000148125 Class R6 KHYQX C000177606 Class T KHYTX 0000747677 S000031156 Deutsche Unconstrained Income Fund C000096673 Class A KSTAX C000096675 Class C KSTCX C000096676 Class S KSTSX C000148126 Class R6 KSTZX C000150787 Institutional Class KSTIX C000177608 Class T KSTTX 0000747677 S000031157 Deutsche Global High Income Fund C000096677 Class A SGHAX C000096679 Class C SGHCX C000096680 Class S SGHSX C000096681 Institutional Class MGHYX C000176652 Class R6 SGHRX C000177609 Class T SGHTX 0000747677 S000031158 Deutsche Core Fixed Income Fund C000096682 Class A SFXAX C000096684 Class C SFXCX C000096685 Class R SFXRX C000096686 Class S SFXSX C000096687 Institutional Class MFINX C000177610 Class T SFXTX 0000747677 S000031159 Deutsche Fixed Income Opportunities Fund C000096688 Class A SDUAX C000096690 Class C SDUCX C000096691 Class S SDUSX C000096692 Institutional Class MGSFX C000152124 Class R6 SDURX C000177611 Class T SDUTX 0000793597 S000005466 Deutsche Enhanced Emerging Markets Fixed Income Fund C000014875 Class A SZEAX C000014878 Class C SZECX C000014879 Class S SCEMX C000063958 Institutional Class SZEIX C000177613 Class T SZETX 0000793597 S000005467 Deutsche Enhanced Global Bond Fund C000014880 Class A SZGAX C000014883 Class C SZGCX C000014884 Class S SSTGX C000177614 Class T SZGTX 0000793597 S000005468 Deutsche Global Small Cap Fund C000014885 Class A KGDAX C000014888 Class C KGDCX C000014889 Class S SGSCX C000070263 Institutional Class KGDIX C000148173 Class R6 KGDZX C000177615 Class T KGDTX 0000793597 S000022444 Deutsche Global Infrastructure Fund C000064595 Class A TOLLX C000064596 Class C TOLCX C000064597 Class S TOLSX C000064598 Institutional Class TOLIX C000148174 Class R6 TOLZX C000188507 Class T TOLTX 0000825062 S000006146 Deutsche CROCI Equity Dividend Fund C000016932 Class A KDHAX C000016934 Class C KDHCX C000016935 Class R KDHRX C000016936 Class S KDHSX C000016937 Institutional Class KDHIX C000153058 Class R6 KDXTX C000186449 Class T KDHUX 0000825062 S000006149 Deutsche Mid Cap Value Fund C000016946 Class A MIDVX C000016948 Class C MIDZX C000016949 Class S MIDTX C000016950 Institutional Class MIDIX C000098419 Class R MIDQX C000148118 Class R6 MIDUX C000186450 Class T MIDWX 0000825062 S000006150 Deutsche Small Cap Value Fund C000016952 Class A KDSAX C000016954 Class C KDSCX C000016956 Class S KDSSX C000016957 Institutional Class KDSIX C000148119 Class R6 KDSZX C000186451 Class T KDSTX 0000862157 S000012411 Deutsche U.S. Bond Index Fund C000033662 Institutional Class BTUSX C000076398 Class A BONDX C000076399 Class S BONSX C000188494 Class R6 BTURX C000188495 Class T BONTX 0000862157 S000032010 Deutsche S&P 500 Index Fund C000099641 Class A SXPAX C000099643 Class C SXPCX C000099644 Class S SCPIX C000188496 Class R6 SXPRX C000188497 Class T SXPTX 497 1 sp_prostkr-875.htm MEGA PROSPECTUS STICKER

SUPPLEMENT TO THE CURRENTLY EFFECTIVE PROSPECTUSES OF EACH OF THE LISTED FUNDS

 

Deutsche Capital Growth Fund

Deutsche Communications Fund

Deutsche Core Equity Fund

Deutsche Core Fixed Income Fund

Deutsche Core Plus Income Fund

Deutsche CROCI ® Equity Dividend Fund

Deutsche Emerging Markets Equity Fund

Deutsche Enhanced Emerging Markets Fixed Income Fund

Deutsche Enhanced Global Bond Fund

Deutsche Fixed Income Opportunities Fund

Deutsche Global High Income Fund

Deutsche Global Income Builder Fund

Deutsche Global Inflation Fund

Deutsche Global Infrastructure Fund

Deutsche Global Macro Fund

Deutsche Global Real Estate Securities Fund

Deutsche Global Small Cap Fund

Deutsche GNMA Fund

Deutsche Gold & Precious Metals Fund

Deutsche High Income Fund

Deutsche Latin America Equity Fund

Deutsche Mid Cap Growth Fund

Deutsche Mid Cap Value Fund

Deutsche MLP & Energy Infrastructure Fund

Deutsche Real Estate Securities Fund

Deutsche S&P 500 Index Fund

Deutsche Science and Technology Fund

Deutsche Short Duration Fund

Deutsche Short-Term Municipal Bond Fund

Deutsche Small Cap Core Fund

Deutsche Small Cap Growth Fund

Deutsche Small Cap Value Fund

Deutsche U.S. Bond Index Fund

Deutsche Unconstrained Income Fund

Deutsche World Dividend Fund


 

The following change is effective on September 7, 2017:

The following disclosure replaces existing disclosure under the “Class A NAV Sales” sub-heading under the “INVESTING IN THE FUNDS” section in each fund’s prospectus:

(12) Employer-sponsored retirement plans that are maintained by a fund at an omnibus level or are part of retirement plans or platforms offered by banks, broker-dealers, financial advisors or insurance companies or serviced by retirement recordkeepers (each, an “Employer-Sponsored Retirement Plan”). For purposes of this sales charge waiver, the term “Employer-Sponsored Retirement Plan” includes 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans, defined benefit plans, and non-qualified deferred compensation plans, but does not include SEP IRAs, SIMPLE IRAs, or Salary Reduction Simplified Employee Pension Plans (SARSEPs) (each, an “Employer-Sponsored IRA”);

The following change is effective on August 7, 2017:

The following disclosure replaces existing disclosure under the “POLICIES ABOUT TRANSACTIONS” heading of the “INVESTING IN THE FUND” section in each fund’s prospectus, as applicable.

Class C to Class A or Institutional Class in the Same Fund Exchange Privilege. Investors who either (i) have invested in Class C shares through a comprehensive or “wrap” fee program or other fee-based program sponsored by a broker-dealer, bank or registered investment adviser or (ii) have invested in Class C shares and are in the process of transferring their shares to such a program may potentially become eligible to invest in either Class A shares or Institutional Class shares by reason of their participation in such a program. In addition, investors who have invested in Class C shares as part of an Employer-Sponsored Retirement Plan or an Employer-Sponsored IRA may potentially become eligible to invest in Class A shares by reason of their investment in such Employer Sponsored Retirement Plan or Employer-Sponsored IRA. In such event, subject to the discretion of the Distributor and the limitations noted below, such shareholders may exchange their Class C shares for Class A shares or Institutional Class shares (as applicable) of equal aggregate value of the same fund. No sales charges or other charges will apply to any such exchange. Exchanges under this privilege will generally be processed only in instances where the accounts are not currently subject to a CDSC and only as part of a pre-arranged, multiple-client transaction through the particular financial services firm offering the comprehensive or wrap program or other fee-based program or involving the Employer-Sponsored Retirement Plan or Employer-Sponsored IRA where the Class A shares or Institutional Class shares (as applicable) are available. DDI may agree with financial intermediaries to allow this exchange privilege for accounts currently subject to a CDSC and outside of pre-arranged, multiple-client transactions. In such situations, the financial intermediary may reimburse DDI for a portion of any CDSC that DDI would have otherwise collected on the transaction or a portion of the distribution fees previously advanced by DDI to the financial intermediary in connection with the initial sale of the Class C shares. Investors should contact their selling and/or servicing agents to learn more about the details of this exchange feature. Shareholders generally will not recognize a gain or loss for federal income tax purposes upon the exchange of Class C shares of a fund for Class A shares or Institutional Class shares of the same fund.

Class C to Class A or Class S in the Same Fund Exchange Privilege. Investors who either (i) have invested in Class C shares through a comprehensive or “wrap” fee program or other fee-based program sponsored by a broker-dealer, bank or registered investment adviser or (ii) have invested in Class C shares and are in the process of transferring their shares to

July 7, 2017

PROSTKR-875


 

 
 

such a program may potentially become eligible to invest in either Class A shares or Class S shares by reason of their participation in such a program. In addition, investors who have invested in Class C shares as part of an Employer-Sponsored Retirement Plan or an Employer-Sponsored IRA may potentially become eligible to invest in Class A shares by reason of their investment in such Employer Sponsored Retirement Plan or Employer-Sponsored IRA. In such event, subject to the discretion of the Distributor and the limitations noted below, such shareholders may exchange their Class C shares for Class A shares or Class S shares (as applicable) of equal aggregate value of the same fund. No sales charges or other charges will apply to any such exchange. Exchanges under this privilege will generally be processed only in instances where the accounts are not currently subject to a CDSC and only as part of a pre-arranged, multiple-client transaction through the particular financial services firm offering the comprehensive or wrap program or other fee-based program or involving the Employer-Sponsored Retirement Plan or Employer-Sponsored IRA where the Class A shares or Class S shares (as applicable) are available. DDI may agree with financial intermediaries to allow this exchange privilege for accounts currently subject to a CDSC and outside of pre-arranged, multiple-client transactions. In such situations, the financial intermediary may reimburse DDI for a portion of any CDSC that DDI would have otherwise collected on the transaction or a portion of the distribution fees previously advanced by DDI to the financial intermediary in connection with the initial sale of the Class C shares. Investors should contact their selling and/or servicing agents to learn more about the details of this exchange feature. Shareholders generally will not recognize a gain or loss for federal income tax purposes upon the exchange of Class C shares of a fund for Class A shares or Class S shares of the same fund.

Class C to Class A, Class S or Institutional Class in the Same Fund Exchange Privilege. Investors who either (i) have invested in Class C shares through a comprehensive or “wrap” fee program or other fee-based program sponsored by a broker-dealer, bank or registered investment adviser or (ii) have invested in Class C shares and are in the process of transferring their shares to such a program may potentially become eligible to invest in either Class A shares, Class S shares or Institutional Class shares by reason of their participation in such a program. In addition, investors who have invested in Class C shares as part of an Employer-Sponsored Retirement Plan or an Employer-Sponsored IRA may potentially become eligible to invest in Class A shares by reason of their investment in such Employer Sponsored Retirement Plan or Employer-Sponsored IRA. In such event, subject to the discretion of the Distributor and the limitations noted below, such shareholders may exchange their Class C shares for Class A shares, Class S shares or Institutional Class shares (as applicable) of equal aggregate value of the same fund. No sales charges or other charges will apply to any such exchange. Exchanges under this privilege will generally be processed only in instances where the accounts are not currently subject to a CDSC and only as part of a pre-arranged, multiple-client transaction through the particular financial services firm offering the comprehensive or wrap program or other fee-based program or involving the Employer-Sponsored Retirement Plan or Employer-Sponsored IRA where the Class A shares, Class S shares or Institutional Class shares (as applicable) are available. DDI may agree with financial intermediaries to allow this exchange privilege for accounts currently subject to a CDSC and outside of pre-arranged, multiple-client transactions. In such situations, the financial intermediary may reimburse DDI for a portion of any CDSC that DDI would have otherwise collected on the transaction or a portion of the distribution fees previously advanced by DDI to the financial intermediary in connection with the initial sale of the Class C shares. Investors should contact their selling and/or servicing agents to learn more about the details of this exchange feature. Shareholders generally will not recognize a gain or loss for federal income tax purposes upon the exchange of Class C shares of a fund for Class A shares, Class S shares or Institutional Class shares of the same fund.

Please Retain This Supplement for Future Reference

 

July 7, 2017

PROSTKR-875

 

2

 

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