Investor profile Growth-oriented Currency of sub-fund EUR
Sub-fund manager Deutsche Asset & Wealth Management Investment GmbH Performance benchmark CDAX (RI)
Reference portfolio (risk benchmark) CDAX (RI)
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 that is also an exchange trading day in Frankfurt/Main
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
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% August 20, 2012
LD EUR up to 5%*** up to 1.5% 0% 0.05% August 20, 2012
NC EUR up to 3%** up to 2% 0.2% 0.05% August 20, 2012
FC EUR 0% up to 0.75% 0% 0.05% August 20, 2012
USD LC USD up to 5%*** up to 1.5% 0% 0.05% February 11, 2013 USD LCH USD up to 5%*** up to 1.5% 0% 0.05% August 5, 2013
USD FCH USD 0% up to 0.75% 0% 0.05% April 30, 2015
PFC EUR 0% up to 1.6% 0% 0.05% May 26, 2014
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:
(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.
For the sub-fund with the name Deutsche Invest I German 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 Deutsche Invest I German Equities is to achieve an above average return.
At least 75% of the sub-fund’s assets are invested in equities, investment certificates, equity warrants, equity-linked warrants and sub- scription rights of German issuers. German issu- ers are defined as companies headquartered in Germany.
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 for hedging purposes and in order to achieve the investment objective, including in particular – but not limited to – forwards, futures, single-stock futures, options or equity swaps.
A maximum of 25% of the sub-fund’s assets may be invested in instruments that do not fulfill the requirements of the preceding paragraph 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.
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 share class. For investors who are without limitation subject to taxation in Germany, the regulations of so-called non-transparent taxa- tion 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.
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).