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For the sub-fund with the name DWS Invest Arabia, 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 Arabia is to participate in the opportuni- ties offered by emerging countries of the Arabic region and to generate an above average return. At least 70% of the sub-fund’s assets (after deduction of liquid assets) are invested in shares, stock certificates, convertible bonds, convertible debentures and warrant-linked bonds whose underlying warrants are on securities, participa- tion and dividend-right certificates, and warrants on securities floated by issuers registered in countries in the Arabic region or of issuers regis- tered outside these countries that conduct their principal business activity in these countries. Securities from these issuers can also be listed on securities exchanges of Arabic countries or other foreign securities exchanges or traded on other regulated markets in a member country of the Organisation for Economic Co-operation and Development (OECD) that operate regularly and are recognized and open to the public. The secu- rities exchanges and other regulated markets must fulfill the requirements as per Article 41 of the Luxembourg Law of December 17, 2010 on Undertakings for Collective Investment. Investment in these securities shall also be through Global Depository Receipts (GDRs) listed on recognized exchanges and markets, or through American Depository Receipts (ADRs) issued by top-rated international financial institu- tions, or through comparable certificates, all of these being securities. Securities issued by the above-mentioned issuers may also be acquired directly, however, as long as they are listed on other foreign securities exchanges or traded on other regulated markets in a member country of the Organisation for Economic Co-operation and Development (OECD) that operate regularly and are recognized and open to the public.

A maximum of 30% of the sub-fund’s assets (after deduction of liquid assets) may be invested in equities of foreign and domestic issuers that do not satisfy the requirements of the preceding paragraph. In addition, the sub-fund’s assets may be invested in all other permissible assets speci- fied in Article 2 of the general section of the Sales Prospectus.

Specific risks:

Investing in assets from the emerging markets of the Arabic region generally entails a greater risk (potentially including considerable legal, eco- nomic and political risks) than investing in assets from the markets of industrialized countries. In recent years there have been significant politi- cal, economic and social changes in some of the countries of the Arabic region. In many cases, political considerations have led to substantial economic and social tensions, and in some cases these countries have experienced both political and economic instability. Political or economic instability can influence investor confidence, which in turn can have a negative effect on exchange rates, security prices or other assets in the Arabic region.

Share class Security codes ISIN

LC DWS0U5 LU0399354736 NC DWS0U6 LU0399354819 FC DWS0U7 LU0399354900 LD DWS0U8 LU0399355113 A2 DWS0U9 LU0399355204 E2 DWS0VA LU0399355386

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

initial subscription subscription will be determined

by the Management Board of the Management Company. The Sales Prospectus 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 except for Fridays.

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

(payable by the investor) NC: up to 3% based on the gross investment**

FC and E2: 0%

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

LD: Distribution

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

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

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

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

performance-related fee****

A2: up to 1.8% p.a.

E2: up to 0.9% p.a.

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, FC, LD, NC, E2 and A2: 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 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.

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 LC, LD, NC and FC the Management Company shall receive from the sub-fund’s assets a performance-based fee of 25% of the amount by which the performance of the outstanding shares exceeds the performance of the MSCI GCC ex Saudi Arabia Net in euro. The performance-based fee is calculated daily and set- tled semi-annually. In accordance with the result of the daily comparison, any performance-based fee incurred is deferred in the sub-fund. If the performance of the shares during any half-year falls short of the index, any perfor- mance-based fee amounts already deferred in that half-year shall be eliminated in accordance with the daily com- parison. The amount of the deferred performance-based fee existing at the end of the six-month period may be withdrawn. Even if the sub-fund’s performance is negative, the Management Company may still receive a perfor- mance-based fee if the sub-fund outperforms the benchmark. 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 there fore 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.

The exchange rates and the prices of securi- ties and other assets in countries of the Arabic region are often extremely volatile. Among other things, changes to these prices are caused by interest rates, changes to the balance of supply and demand, external forces affecting the market (especially in connection with important trading partners), trade-related, tax-related or monetary policies, governmental policies, international political and economic events as well as diplo- matic developments.

In some countries of the Arabic region, the secu- rities markets are still in their primary stage of development. This may result in risks and prac- tices (such as increased volatility) that usually do not occur in more developed securities markets and which may have a negative influence on the securities listed on the exchanges of these countries. Moreover, the markets in countries of the Arabic region are frequently characterized by illiquidity in the form of low trading volumes for some of the listed securities.

It is important to note that in times of economic stagnation, the exchange rates, securities and other assets in countries of the Arabic region are more likely to be sold in a “flight into quality” in favour of other types of investment that carry a smaller risk, and that the value may thus decline accordingly.

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 Arabia is the Perfor- mance Benchmark.

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.