DWS Lifecycle Long Range Fund to liquidate June 29

By Toni Weeks

San Diego, March 7 - The board of the DWS Lifecycle Long Range Fund has approved the liquidation and termination of the fund, according to a 497K filing with the Securities and Exchange Commission.

The board said its approval was based on the recommendation of New York-based Deutsche Investment Management Americas Inc., the fund's investment adviser.

The liquidation will occur on or about June 29, at which time the fund will redeem all of its outstanding shares. Prior to that date, shareholders may exchange their shares for shares of the same class of another DWS fund or redeem their shares.

The filing noted that the exchange or redemption of shares on or before the liquidation date will generally be a taxable event for shareholders for federal income tax purposes, with the exception of some accounts and benefit plans that are not subject to federal income tax.

The fund will be closed to new investments as of March 14. Qualified retirement plans that currently offer the fund as an investment option may continue to offer the fund until the liquidation date.

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