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For the sub-fund with the name DWS Invest Brazilian Bonds, 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 Brazilian Bonds is to achieve an above aver- age return for the sub-fund.

Up to 100% of the sub-fund’s assets may be invested in interest-bearing debt securities issued by:

– the Brazilian government, – Brazilian government agencies, – Brazilian municipals and

– companies which have their registered office in Brazil or that conduct their principal busi- ness activity in Brazil,

– supra-national institutions such as World- bank (IBRD), European Investment Bank (EIB) and European Bank for Reconstruction

and Develop ment (EBRD) denominated in

Brazilian Real and

– national agencies such as the German Kredit- anstalt für Wiederaufbau denominated in Brazilian Real.

Assets not denominated in Brazilian Real will generally be hedged against the Brazilian Real. In extreme market situations, the investment manager may diverge from the above invest- ment strategy to avoid a liquidity squeeze. In this case, whether or not and to what extend sub-fund hedges currency risk into Brazilian Real shall be subject to the manager’s discretion. In addition up to 100% of the sub-fund’s assets may temporarily be invested in interest-bear- ing securities of United States of America and Japanese and European (EU-Member States) government bonds.

Notwithstanding the principle of risk spreading and in accordance with Article 45 of the law of December 17, 2010, the sub-fund may invest up to 100% of its assets in interest-bearing debt securities that are issued or guaranteed by the Brazilian government. The sub-fund may also invest up to 100% of its assets in interest-bearing debt securities issued or guaranteed by a mem- ber state of the European Union, its local authori- ties, an OECD member country, or by a public international body of which one or more mem- ber states of the European Union are members. The sub-fund must hold securities from at least six different issues, but securities from any one issue may not account for more than 30% of the sub-fund’s net assets.

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

Share class Security codes ISIN

LC DWS01H LU0544570145 LD DWS01G LU0544570061 NC DWS01K LU0544570491 FC DWS01J LU0544570228 A1 DWS01D LU0544569642 A2 DWS01E LU0544569725 E2 DWS01F LU0544569998

Investor Profile Risk-tolerant

Currency of sub-fund USD

Nature of shares Registered shares or bearer shares represented

by a global certificate.

Date of launch and LC, NC, FC, LD, A1, A2 and E2: The date of launch and

initial subscription initial subscription will

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

Calculation of the NAV per share Each bank business day in Luxembourg

Front-end load LC, LD, A1 and A2: up to 3% based on the gross

(payable by the investor) investment*

NC: up to 1.5% based on the gross

investment**

FC and E2: 0%

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

LD and A1: Distribution

Management Company fee NC: up to 1.4% p.a.

(payable by the sub-fund)*** A1, A2, LD and LC: up to 1.1% p.a.

E2 and FC: up to 0.6% p.a.

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

(see Art. 12 b)

Service fee of the main distributor NC: 0.1% p.a.

(payable by the sub-fund)*** LC, LD, FC, E2, A1 and A2: 0% p.a.

Taxe d’abonnement LC, LD, NC, FC, A1, A2 and E2: 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 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.

* 3% based on the gross investment correspond approx. to 3.09% based on the net investment. ** 1.5% based on the gross investment correspond approx. to 1.52% 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 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 therefore 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.

Disclaimer:

In Brazil a tax might be imposed on foreign investors who purchase securities denomi- nated in the Brazilian currency (Real). Cur- rently, a Financial Operating Tax (IOF Tax) applies to foreign exchange inflows into the Brazilian market. IOF Tax imposed will adversely affect the Sub-fund's Net Asset Value at the time of the inflow of the for- eign exchange.

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 section of the Sales Prospectus, the potential market risk of the sub-fund is measured using a reference 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 port- folio for the sub-fund DWS Invest Brazilian Bonds is the JP Morgan- GBI-EM Brazil Broad Index (unhedged) Constituents.

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.