DWS Deutschland LC

The fund’s investment objective is to achieve the highest possible return. The benchmark for the fund is the CDAX. At least 51% of the fund’s assets must be
invested in equities of German issuers that are admitted for official trading on an
exchange or admitted to or included in another organized market, and which are not units of investment undertakings.At the same time, there must be an emphasis placed on a broad market investment in blue chips as well as in selected small- and mid-caps.The value of securities denominated in a currency other than that of the Federal Republic of Germany shall not exceed 20% of
the fund’s assets.Up to 20% of the fund’s assets may be invested in interest-bearing securities. Promissory note loans (Schuldscheindarlehen) shall be attributed to the investment limit applicable for interest-bearing securities. Convertible bonds and warrant-linked bonds do not constitute interest-bearing securities in this respect.