DWS Strategic Value Fund to change names, investment strategy

By Toni Weeks

San Diego, Nov. 21 - DWS Strategic Value Fund will change its name to DWS Equity Dividend Fund on March 1, according to a 497K filing with the Securities and Exchange Commission.

In addition, the fund will now invest 80% or more of its net assets, plus the amount of any borrowings for investment purposes, in dividend-paying equity securities, which will consist mostly of common stocks.

Currently, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in common stocks and other equity securities of large U.S. companies that are similar in size to the companies in the S&P 500 index and that portfolio management believes are undervalued.

The fund's investment adviser is New York-based Deutsche Investment Management Americas Inc.

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