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Feb. 01, 2019

SUPPLEMENT TO THE CURRENTLY EFFECTIVE PROSPECTUS

DWS CROCI® U.S. Fund

The following changes are effective on or about December 1, 2019:

The following information replaces the existing disclosure contained under the "AVERAGE ANNUAL TOTAL RETURNS" sub-heading of the "PAST PERFORMANCE" section of the summary section of the fund's prospectus.

Average Annual Total Returns
(For periods ended 12/31/2018 expressed as a %)

After-tax returns (which are shown only for Class A and would be different for other classes) reflect the historical highest individual federal income tax rates, but do not reflect any state or local taxes. Your actual after-tax returns may be different. After-tax returns are not relevant to shares held in an IRA, 401(k) or other tax-advantaged investment plan.

Class Inception 1 Year Since Inception
Class A before tax 4/10/2015 -16.35 -0.14
After tax on distributions -17.08 -0.66
After tax on distributions and sale of fund shares -9.11 -0.16
Class T before tax 2/1/2017 -13.39 0.70
Class C before tax 4/10/2015 -11.94 0.67
Class R before tax 12/9/2016 -11.58 1.05
Class R6 before tax 4/10/2015 -10.94 1.77
INST Class before tax 4/10/2015 -10.95 1.73
Class S before tax 4/10/2015 -11.01 1.70
Russell 1000® Value Index (reflects no deduction for fees, expenses or taxes) -8.27 4.41
S&P 500® Index (reflects no deduction for fees, expenses or taxes) -4.38 7.17

The Russell 1000® Value Index has replaced the S&P 500® Index as the fund's primary benchmark index. The Advisor believes that the new index better represents the fund's investment strategy and is therefore more suitable for performance comparison.