Yet Another Climate Fund - Coming Soon!

DWS GLOBAL CLIMATE CHANGE FUND

Investment Objective
The Sub-Fund seeks to achieve an above-average appreciation of capital invested by investing all or substantially all of its assets in DWS Invest Climate Change (the “Underlying Fund”), a sub-fund of DWS Invest, a multi-portfolio investment company incorporated under the laws of the Grand-Duchy of Luxembourg.

Investment Focus and Approach
(a) The Sub-Fund intends to invest in the FC share class of the Underlying Fund, which is denominated in Euros.

(b) At least 70% of the Underlying Fund’s assets (after deduction of liquid assets) are invested in equities, other equity securities and uncertificated equity instruments of foreign and domestic companies that are primarily active in business areas suited to restricting or reducing climate change and its effects: CO2-efficient or energy-efficient technologies, renewable or alternative energies, climate protection, disaster prevention or disaster management and energy-efficient mobility.

(c) Within the area of clean technologies, the focus of investment is on equities of companies whose current or future products contribute towards the reduction of the greenhouse effect and CO2 emissions. The focus of investment also includes equities of companies with CO2-efficient operations (e.g., by way of recycling, efficient processes or protecting resources).

(d) In the renewable and alternative energies sector, the focus of investment is on companies with operations in the areas of solar energy, bioenergy, wind energy, fuel cells, hydro-power, geothermal energy and geoenergy.

(e) Within the area of disaster prevention, the focus of investment is on companies that provide products and/or services for monitoring and disaster prevention in coastal areas and other areas that are vulnerable to disasters.

(f) Within the area of disaster management, the focus of investment is on companies that provide emergency relief services or support rebuilding efforts.

(g) The area of energy-efficient mobility includes companies whose products help to make the flow of goods and people more efficient. Possible measures include influencing the means of transport, reducing fuel consumption and optimising transport streams.

(h) Up to 30% of the Underlying Fund’s assets (after deduction of liquid assets) may be invested in equities, other equity securities and uncertificated equity instruments that do not fulfil the requirements of sub-paragraphs (b) to (g) above, as well as in all other permissible assets.