DWS DB Fixed Income Opportunities

The fund is actively managed. The fund is not managed in reference to a benchmark. The objective of the investment policy is to generate a return in U.S. dollar. In order to achieve this, the fund invests worldwide in interest-bearing securities issued by sovereigns or companies, convertible bonds, warrant-linked bonds, money market instruments, interest-rate instruments, and certificates whose underlying instruments are bonds. The fund uses derivatives for hedging purposes. By taking advantage of the relative fluctuations of prices, interest rates and exchange rates between currencies that are freely convertible internationally, and bond and equity markets, alpha strategies are intended to generate a higher return. Derivatives are also used in this case. The selection of the individual investments is at the discretion of the fund management.