Aumento del valor patrimonial mediante un proyecto

For the sub-fund with the name DWS Invest Russian Equities, the following provisions shall apply in addition to the terms contained in the general section of the Sales Prospectus. Investment policy

The objective of the investment policy of DWS Invest Russian Equities is to generate an above- average return.

At least 70% of the sub-fund’s assets are invested in equities, stock certificates, participa- tion and dividend-right certificates, convertible bonds and equity warrants of issuers registered in Russia, or of issuers registered outside Rus- sia that conduct their principal business activity in Russia.

The securities issued by these companies may be listed on Russian or other foreign securities exchanges or traded on other regulated markets in a member country of the Organisation for Eco- nomic Co-operation and Development (OECD) that operate regularly and are recognized and open to the public.

Investments in the securities mentioned above may also be made through Global Depository Receipts (GDRs) listed on recognized exchanges and markets, through American Depository Receipts (ADRs) issued by top-rated international financial institutions or through Participatory Notes (P-Notes).

In compliance with Article 2 B. of the general sec- tion of the Sales Prospectus, the sub-fund may use suitable derivative financial instruments and techniques in order to implement the investment strategy and to achieve the investment objective, including in particular – but not limited to – for- wards, futures, single-stock futures, options or equity swaps.

Where liquid assets cover obligations arising from derivative financial instruments, such liquid assets are attributed to the relevant 70%. A maximum of 30% of the sub-fund’s assets may be invested in equities, stock certificates, par- ticipation and dividend right certificates, convert- ible bonds, and equity warrants of issuers that do not fulfill the requirements of the preceding paragraph.

Up to 30% of the sub-fund’s assets may be invested in short-term deposits, money market instruments and bank balances.

In addition, the sub-fund’s assets may be invested in all other permissible assets speci- fied in Article 2, including the assets mentioned in Article 2 A. j) of the general part of the Sales Prospectus.

Specific risks:

Because the sub-fund is specialized on companies operating in Russia, it presents increased opportunities, but these opportuni- ties are countered by equally elevated risks. Russian exchanges and markets are sometimes subject to substantial fluctuations. The sub-fund is suitable for risk-tolerant investors who are familiar with the opportunities and risks of vola- tile investments. A medium to long-term invest-

Share class Security codes ISIN

LC DWS06V LU0616858394 LD DWS06W LU0616858550 NC DWS06X LU0616858717 FC DWS06Y LU0616858980 A2 DWS06Z LU0616859285 E2 DWS060 LU0616859442

Investor Profile Risk-tolerant Currency of sub-fund EUR

Nature of shares Registered shares or bearer shares represented

by a global certificate.

Date of launch and LC, NC, FC,

initial subscription LD, A2 and E2: The date of launch and initial

subscription will be determined by the

Management Board of the Management Company. The Sales Pros pec tus will be updated accordingly.

Initial NAV per share LC, NC, FC and LD: EUR 100.00

A2 and E2: USD 100.00

Calculation of the NAV per share Each bank business day in Luxembourg

Front-end load LC, LD and A2: up to 5% based on the gross

(payable by the investor) investment*

NC: up to 3% based on the gross

investment** FC and E2: 0%

Allocation of income NC, FC, LC, A2 and E2: Reinvestment

LD: Distribution

Management Company fee NC: up to 2.2% p.a. plus an additional

(payable by the sub-fund)*** performance-related fee****

A2: up to 1.8% p.a.

LC and LD: up to 1.75% p.a. plus an additional performance-related fee****

E2: up to 0.9% p.a.

FC: up to 0.85% p.a. plus an additional

performance-related fee****

Expense cap Not to exceed 15% of the Management Company fee

(see Art. 12 b)

Service fee of the main distributor NC: 0.2% p.a.

(payable by the sub-fund)*** LC, LD, FC, E2 and A2: 0% p.a.

Taxe d’abonnement LC, LD, NC, FC, A2 and E2: 0.05% p.a.

Order acceptance All subscription, redemption and exchange orders are

placed on the basis of an unknown net asset value per share. Orders received by the Transfer Agent at or before 4:00 PM Luxembourg time on a valuation date are processed on the basis of the net asset value per share on that valuation date. Orders received after 4:00 PM Luxembourg time are processed on the basis of the net asset value per share on the next valuation date.

Value date In a purchase, the equivalent value is debited three bank

business days after issue of the shares. The equivalent val- ue is credited three bank business days after redemption of the shares. The value date for purchase and redemption orders of certain currencies may deviate by one day from the value date as specified in the General Part of the share class description.

* 5% based on the gross investment correspond approx. to 5.26% based on the net investment. ** 3% based on the gross investment correspond approx. to 3.09% based on the net investment. *** For additional costs, see Article 12 in the general section of the Sales Prospectus.

**** For the share classes NC, FC, LD and LC, the Management Company shall receive from the sub-fund’s assets an additional performance-related fee per share class of up to 25% of the amount by which the performance of the respective share class exceeds the performance of the MSCI Russia 10/40 (RI). The performance-related fee for the respective share class is calculated daily and settled annually.

In accordance with the result of the daily comparison, any performance-related fee incurred is deferred in the sub- fund for each share class. If share performance during any fiscal year falls short of the preceding target return, any provisions for a performance-related fee already deferred in that fiscal year shall be dissolved in accordance with the daily comparison. The amount of deferred performance-related fee existing at the end of the fiscal year may be withdrawn. There is no requirement to make up for a negative performance in a subsequent accounting period.

Due to its composition and the techniques applied by its fund management, the sub-fund is subject to markedly increased volatility, which means that the price per share may be subject to substantial downward or upward fluctuation, even within short periods of time. The sub-fund is therefore only suitable for experienced investors who are familiar with the opportunities and risks of volatile investments and who are in a position to temporarily bear substantial losses.

ment horizon is recommended for this sub-fund. Investors should be in a position to bear poten- tially substantial losses. The sub-fund pursues an investment policy focused on opportunities, and is particularly suited for inclusion in a highly diver- sified investment portfolio.

Risk Management

The relative Value-at-Risk (VaR) approach is used to limit market risk in the sub-fund.

In addition to the provisions of the general sec- tion of the Sales Prospectus, the potential market risk of the sub-fund is measured using a refer- ence portfolio that does not contain derivatives. The reference portfolio is a portfolio that does not include any leverage effect from the use of derivatives. The corresponding reference portfolio for the sub-fund DWS Invest Russian Equities is the MSCI Russia 10/40.

Leverage is not expected to exceed twice the value of the investment subfund’s assets. How- ever, the disclosed expected level of leverage is not intended to be an additional exposure limit for the sub-fund.

Fund manager of the sub-fund

The fund manager of the sub-fund is DWS Invest- ment GmbH.