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Cash Account Trust

Government & Agency Securities Portfolio

Money Market Portfolio Tax‐Exempt Portfolio

Cash Management Fund

Cash Reserve Fund, Inc. Prime Series

Cash Reserves Fund Institutional Daily Assets Fund Institutional DWS Alternative Asset Allocation Fund DWS California Tax–Free Income Fund DWS Capital Growth Fund DWS Communications Fund DWS Core Equity Fund DWS Core Fixed Income Fund DWS Core Plus Income Fund DWS Diversified Market Neutral Fund DWS EAFEEquity Index Fund DWS Emerging Markets Equity Fund

DWS Enhanced Commodity Strategy Fund

DWS Enhanced Emerging Markets Fixed Income Fund

DWS Enhanced Global Bond Fund DWS Equity 500 Index Fund DWS Equity Dividend Fund DWS Floating Rate Fund DWS Global Equity Fund DWS Global Growth Fund DWS Global High Income Fund DWS Global Income Builder Fund DWS Global Inflation Fund DWS Global Small Cap Fund DWS GNMA Fund DWS Gold & Precious Metals Fund DWS Health Care Fund

DWS High Income Fund DWS Intermediate Tax/AMT Free Fund DWS International Fund DWS International Value Fund DWS Large Cap Focus Growth Fund DWS Large Cap Value Fund DWS Latin America Equity Fund DWS LifeCompass 2015 Fund DWS LifeCompass 2020 Fund DWS LifeCompass 2030 Fund DWS LifeCompass 2040 Fund DWS LifeCompass Retirement Fund DWS Managed Municipal Bond Fund DWS Massachusetts Tax‐Free Fund DWS Mid Cap Growth Fund DWS Mid Cap Value Fund DWS Money Market Prime Series DWS Money Market Series DWS New York Tax‐Free Income Fund DWS RREEF Global Infrastructure Fund

DWS RREEF Global Real Estate Securities Fund

DWS RREEF Real Estate Securities Fund

DWS RREEF Real Estate Securities Income Fund

DWS S&P 500 Index Fund DWS Select Alternative Allocation Fund DWS Short Duration Fund DWS Short‐Term Municipal Bond Fund DWS Small Cap Core Fund DWS Small Cap Growth Fund DWS Small Cap Value Fund DWS Strategic Equity Long/Short Fund

DWS Strategic Government Securities Fund

DWS Strategic High Yield Tax‐Free Fund

DWS Target 2014 Fund DWS Technology Fund DWS U.S. Bond Index Fund DWS Ultra‐Short Duration Fund DWS Unconstrained Income Fund DWS Variable NAV Money Fund DWS World Dividend Fund

Investors Cash Trust Treasury Portfolio

NY Tax Free Money Fund Tax Free Money Fund Investment

Tax‐Exempt California Money Market Fund

DWS Variable Series I: DWS Bond VIP DWS Capital Growth VIP DWS Core Equity VIP DWS Global Small Cap VIP DWS International VIP DWS Variable Series II: DWS Alternative Asset Allocation VIP DWS Global Equity VIP DWS Global Growth VIP DWS Global Income Builder VIP

DWS Government & Agency Securities VIP

DWS High Income VIP DWS Large Cap Value VIP DWS Money Market VIP DWS Small Mid Cap Growth VIP DWS Small Mid Cap Value VIP DWS Unconstrained Income VIP DWS Investments VIT Funds: DWS Equity 500 Index VIP DWS Small Cap Index VIP

The following information replaces the existing disclosure in the “Investing in the Funds‐Financial Intermediary Support Payments” section of each fund's/portfolio's Prospectus:


The Advisor, the Distributor and/or their affiliates may pay additional compensation, out of their own assets and not as an additional charge to the fund, to selected affiliated and unaffiliated brokers, dealers, participating insurance compa­ nies or other financial intermediaries (“financial advisors”) in connection with the sale and/or distribution of fund shares or the retention and/or servicing of fund investors and fund shares (“revenue sharing”). Such revenue sharing pay­ ments are in addition to any distribution or service fees payable under any Rule 12b‐1 or service plan of the fund, any record keeping/sub‐transfer agency/networking fees payable by the fund (generally through the Distributor or an affili­ ate) and/or the Distributor or Advisor to certain financial advisors for performing such services and any sales charge,

May 30, 2014 PROSTKR-394


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