Principio de proporcionalidad 1 Dosificación punitiva

Investor profile Growth-oriented

Currency of sub-fund EUR

Sub-fund manager Deutsche Asset Management Investment GmbH

Performance benchmark –

Reference portfolio (risk benchmark) MSCI WORLD HIGH DIVIDEND YIELD

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 classes CHF LCH (P), CHF FCH (P), SGD LCH (P), USD LDH (P), USD LCH (P), SGD LDQH (P), IDH (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 (CET) 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 (CET) are processed on the basis of the net asset value per share on the valua- tion 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 (CET) 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 (CET) 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 re- demption 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% July 1, 2010 LD EUR up to 5%*** up to 1.5% 0% 0.05% July 1, 2010 NC EUR up to 3%** up to 2% 0.2% 0.05% July 1, 2010 ND EUR up to 3%** up to 2% 0.2% 0.05% November 16, 2010 FC EUR 0% up to 0.75% 0% 0.05% July 1, 2010 FD EUR 0% up to 0.75% 0% 0.05% March 1, 2013 ID EUR 0% up to 0.5% 0% 0.01% December 11, 2014

IDH (P) EUR 0% up to 0.5% 0% 0.01% June 4, 2014

PFC EUR 0% up to 1.6% 0% 0.05% May 26, 2014

PFD EUR 0% up to 1.6% 0% 0.05% May 26, 2014

USD LC USD up to 5%*** up to 1.5% 0% 0.05% September 13, 2010 USD LCH (P) USD up to 5%*** up to 1.5% 0% 0.05% May 30, 2012 USD LDH (P) USD up to 5%*** up to 1.5% 0% 0.05% January 28, 2013 USD LDQ USD up to 5%*** up to 1.5% 0% 0.05% September 23, 2013

USD FC USD 0% up to 0.75% 0% 0.05% June 24, 2013

USD LDM USD up to 5%*** up to 1.5% 0% 0.05% August 11, 2014 GBP LD DS GBP up to 5%*** up to 1.5% 0% 0.05% July 1, 2010 GBP D RD GBP 0% up to 0.75% 0% 0.05% May 27, 2013 GBP C RD GBP 0% up to 0.75% 0% 0.05% September 30, 2015 GBP LDMH (P) GBP up to 5%*** up to 1.5% 0% 0.05% September 30, 2015 SGD LC SGD up to 5%*** up to 1.5% 0% 0.05% April 24, 2012 SGD LDQ SGD up to 5%*** up to 1.5% 0% 0.05% August 16, 2011 SGD LCH (P) SGD up to 5%*** up to 1.5% 0% 0.05% April 24, 2012 SGD LDQH (P) SGD up to 5%*** up to 1.5% 0% 0.05% September 23, 2013 CHF LCH (P) CHF up to 5%*** up to 1.5% 0% 0.05% October 21, 2011 CHF FCH (P) CHF 0% up to 0.75% 0% 0.05% October 21, 2011 SEK FCH (P) SEK 0% up to 0.75% 0% 0.05% September 30, 2015 SEK LCH (P) SEK up to 5%*** up to 1.5% 0% 0.05% September 30, 2015

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.

Dilution adjustment PFC and PFD:

(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 and PFD:

For the sub-fund with the name Deutsche Invest I Top Dividend, 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 Dividend is to achieve an above average return.

At least 70% of the sub-fund’s assets are invested in equities of domestic as well as foreign issuers that are expected to deliver an above-average dividend yield.

When selecting equities, the following criteria shall be of decisive importance: dividend yield above the market average; sustainability of dividend yield and growth; historical and future earnings growth; price/earnings ratio. In addition to these criteria, the proven stock-picking pro- cess of the Fund Manager will be applied. This means that a company’s fundamental data, such as asset quality, management skills, profitability, competitive position and valuation, 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 Article 2 F. of the general section of the Sales Prospectus, 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.

Up to 30% of the sub-fund’s assets may be invested in instruments that do not meet the above mentioned criteria.

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

The sub-fund’s investments in contingent con- vertibles shall be limited to 10% of the sub-fund’s net asset value.

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

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.

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 GBP LDMH (P), PFC, PFD, and USD LDM 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 suit- able for investors who are without limitation sub- ject to taxation in Germany.

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).