DWS Invest Euro High Yield Corp LC

The objective of the investment policy of the fund is to generate an above-average return for the sub-fund. At least 70% of the sub-fund’s assets are invested globally in corporate bonds that offer a non-investment grade status at the time of acquisition. Up to 30% of the sub-fund’s assets may be invested in corporate bonds that do not meet the above mentioned criteria. The sub-fund manager aims to hedge any currency risk versus the euro in the portfolio. In compliance with the investment limits specified in Article 2 B. of the general section of the Sales Prospectus, the investment policy may also be implemented through the use of suitable derivative financial instruments. In extreme market situations, the Portfolio Manager may diverge from the above investment strategy to avoid a liquidity squeeze.