SUPPLEMENT TO THE CURRENTLY
EFFECTIVE SUMMARY PROSPECTUS
DWS Mid Cap Value Fund
The following information replaces
similar disclosure contained under the “Management process” sub-heading of the “PRINCIPAL INVESTMENT STRATEGY” section of the fund’s summary prospectus.
Management process. In choosing stocks, portfolio management focuses on individual security selection rather than industry selection. Portfolio management uses an active process based upon a wide set of
financial metrics and analysis to evaluate company operating performance and valuation. Company research lies at the heart of the investment process.
The following information replaces
the existing disclosure contained under the “Portfolio Manager(s)” sub-heading of the “MANAGEMENT” section of the fund’s summary prospectus.
Pankaj Bhatnagar, PhD, Managing
Director. Portfolio Manager of the fund. Began managing the fund in 2019.
Arno V. Puskar, Director. Portfolio Manager of the fund. Began managing the fund in 2019.
Please Retain This Supplement
for Future Reference