LIMITACIONES

For the sub-fund with the name DWS Invest Top Dividend Growth, 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 Top Dividend Growth is to achieve 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 domestic as well as foreign issuers.

When selecting equities, the following criteria shall be of decisive importance: dividend yield; growth as well as sustainability of dividend yield; historical and future earnings growth; price/earn- ings ratio. In addition to these criteria, the proven stock-picking process of the Fund Manager will be applied. This means that a company’s funda- mental data, such as asset quality, management skills, profitability, competitive position and valua- tion, are analyzed. These criteria may be weighted differently and do not always have to be present at the same time.

In compliance with Article 2 B. of the general section of the Sales Prospectus, the sub-fund may use derivative techniques to implement the investment objective, including in particular – but not limited to – forwards, futures, single-stock futures, options or equity swaps.

Against this background, positions could be built up that anticipate declining stock prices and index levels.

According to the prohibition stipulated in Arti- cle 2 F. of the general section of the Sales Prospec- tus, no short sales of securities will be undertaken. Short positions are achieved by using securitized and non-securitized derivative instruments. Investments in the securities mentioned above may also be made through Global Depository Receipts (GDRs) listed on recognized exchanges and markets, or through American Depository Receipts (ADRs) issued by top-rated international financial institutions.

A maximum of 30% of the sub-fund’s assets may be invested in instruments that do not fulfill the requirements of the preceding paragraphs and in all other permissible assets specified in Article 2, including the assets mentioned in Article 2 A. (j) of the general part of the Sales Prospectus. There can be no assurance that the sub-fund will achieve its investment objective.

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.

Share class Security codes ISIN

LC DWS1A1 LU0740827695 LD DWS1A2 LU0740827851 NC DWS1A3 LU0740828073 ND DWS1A4 LU0740828156 FC DWS1A5 LU0740828230 FD DWS1A6 LU0740828404 IC DWS1A7 LU0740828669 ID DWS1A8 LU0740828743 A2 DWS1A9 LU0740829048 E2 DWS1BA LU0740829634

Investor Profile Growth-oriented Currency of sub-fund EUR

Nature of shares Registered shares or bearer shares represented

by a global certificate.

The IC and ID share classes are only offered in form of registered shares.

Date of launch and LC, LD, NC, ND, FC,

initial subscription FD, IC, ID, A2 and E2: The date of launch and initial

subscription will be determined by the Management Board of the Management Company. The Sales Prospectus will be updated accordingly.

Initial NAV per share LC, LD, NC, ND, FC, FD, IC and ID: 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

(payable by the investor) gross investment*

NC and ND: up to 3% based on the

gross investment** FC, FD, IC, ID and E2: 0%

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

LD, FD and ID: Distribution

Management Company fee NC and ND: up to 2% p.a.

(payable by the sub-fund)*** LC, LD and A2: up to 1.5% p.a.

FC, FD and E2: up to 0.75% p.a.

IC and ID: up to 0.5% p.a.

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

(see Art. 12 b)

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

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

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

IC and ID: 0.01% 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.

Due to its composition and the techniques applied by its fund management, the sub-fund is subject to increased volatility, which means that the price per share may be subject to considerable downward or upward fluctuation, even within short periods of time.

The corresponding reference portfolio for the sub-fund DWS Invest Top Dividend Growth is the MSCI World High Dividend Yield.

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.