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INTEGRANTES DE LA LOGIA MASÓNICA "LA LEALTAD COMPLUTENSE"

El despertar de la conciencia obrera complutense

INTEGRANTES DE LA LOGIA MASÓNICA "LA LEALTAD COMPLUTENSE"

Investor profile Growth-oriented Currency of sub-fund EUR

Sub-fund manager Deutsche Asset & Wealth Management Investment GmbH Performance benchmark Euro Stoxx 50

Reference portfolio (risk benchmark) Euro Stoxx 50

Leverage effect 2 times the value of the investment sub-fund’s assets Calculation of the NAV per share Each bank business day in Luxembourg

Order acceptance For the share class SGD LCH (P):

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 the subsequent valuation date. Orders received after 4:00 PM Luxembourg time are processed on the basis of the net asset value per share on the valuation date immediately following that next valuation date.

For all other share classes:

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

value is credited three bank business days after redemption of the shares. The value date for purchase and red- emption orders of certain currencies may deviate by one day from the value date as specified in the description of share classes in the general section of the Sales Prospectus.

Fractional shares Up to three places after the decimal point

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

* For additional costs, see Article 12 in the general section of the Sales Prospectus.

** 3% based on the gross investment corresponds approx. to 3.09% based on the net investment. *** 5% based on the gross investment corresponds approx. to 5.26% based on the net investment.

**** The Management Company may, at its discretion, partially or completely dispense with the dilution adjustment.

Share class Currency of Front-end load Management Service Fee p.a. Taxe d’abonnement Launch date share class (payable by the investor) Company Fee p.a. (payable by the sub-fund)* (payable by the sub-fund)

(payable by the sub-fund)*

LC EUR up to 5%*** up to 1.5% 0% 0.05% June 3, 2002 LD EUR up to 5%*** up to 1.5% 0% 0.05% June 3, 2002 FC EUR 0% up to 0.75% 0% 0.05% June 3, 2002 FD EUR 0% up to 0.75% 0% 0.05% September 1, 2014 NC EUR up to 3%** up to 2% 0.2% 0.05% June 3, 2002 IC EUR 0% up to 0.5% 0% 0.01% April 25, 2014 PFC EUR 0% up to 1.6% 0% 0.05% May 26, 2014

USD LCH USD up to 5%*** up to 1.5% 0% 0.05% November 29, 2013

USD FCH USD 0% up to 0.75% 0% 0.05% August 14, 2014

GBP RD GBP 0% up to 0.75% 0% 0.05% December 6, 2013

GBP RDH GBP 0% up to 0.75% 0% 0.05% March 2, 2015

SGD LCH (P) SGD up to 5%*** up to 1.5% 0% 0.05% June 16, 2014

For the sub-fund with the name Deutsche Invest I Top Euroland, 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 Deutsche Invest I Top Euroland is to achieve an above aver- age return. At least 75% of the sub-fund’s assets are invested in equities of issuers having their headquarters in a member state of the European Economic and Monetary Union (EMU).

The sub-fund focuses on companies with a higher market capitalization. Additionally, the fund-manager aims to run a concentrated portfo-

lio, e.g. 40–60 different stocks. Depending on the market situation it is possible to deviate from the mentioned diversification target.

A maximum of 25% of the sub-fund’s assets may be invested in equities of issuers that do not meet the above mentioned criteria.

Up to 25% of the sub-fund’s assets may be invested in short-term deposits, money market instruments and bank balances.

Notwithstanding the investment limit specified in Article 2 B. (n) concerning the use of deriva- tives, the following investment restrictions shall apply with regard to the investment restrictions

currently applicable in individual distribution countries:

Derivatives that constitute short positions must have adequate coverage at all times and may be used exclusively for hedging purposes. Hedging is limited to 100% of the underlying instrument covering the derivative. Conversely, no more than 35% of the net value of the assets of the sub-fund may be invested in derivatives that constitute long positions and do not have corresponding coverage.

In addition, the sub-fund’s assets may be invested in all other permissible assets as speci- fied in Article 2 of the general section of the Sales Prospectus.

Dilution adjustment PFC:

(payable by the shareholder)**** A dilution adjustment of up to 3% based on the gross redemption amount may be charged. Please see the general section for further explanation.

Placement fee PFC:

(payable from the sub-fund’s assets) Up to 3% for the benefit of the distributor. Please see the general section for further explanation.

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.

PEA-compatibility

The sub-fund is eligible to the PEA (Plan d’Epargne en Actions), a fiscal advantage for French subscribers.

German Taxation

Taxation bases to be calculated in accordance with article 5 (1) of the German Investment Tax Act (Investmentsteuergesetz) are not determined for the PFC and SGD LCH (P) share classes. For investors who are without limitation subject to taxation in Germany, the regulations of so-called non-transparent taxation are therefore applicable (see Summary of tax regulations of importance to the investor). Due to potentially undesirable consequences of non-transparent taxation, the above-mentioned share classes are in principle neither intended nor suitable for investors who are without limitation subject to taxation in Germany.

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 (“risk benchmark”).

Leverage is not expected to exceed twice the value of the investment sub-fund’s assets. The leverage effect is calculated using the sum of notional approach (absolute (notional) amount of each derivative position divided by the net pres- ent value of the portfolio). However, the disclosed expected level of leverage is not intended to be an additional exposure limit for the sub-fund.

Investment in shares of target funds

In addition to the information in the general section of the Sales Prospectus the following is applicable to this sub-fund:

When investing in target funds associated to the sub-fund, the part of the management fee attrib- utable to shares of these target funds is reduced by the management fee/all-in fee of the acquired target funds, and as the case may be, up to the full amount (difference method).