Download Report

Deutsche Invest I Top Euroland
Equity Funds - Europe
April 2015
Fund Data
Investment Policy
As at 30/04/2015
Performance
Performance - Share Class LC(EUR)
(in %)
At least 75% of Subfund assets are invested
in equities whose issuers’ registered office is
in a member state of the European Economic
and Monetary Union (EMU). In its search for
the current and future market leaders, Fund
management may make investments in large
caps, mid caps and small caps, although the
focus is on large caps. Around 40 to 60 stocks
are included in the portfolio that Fund
management considers to have aboveaverage earnings potential.
Fund
Fund Management's Comment
Benchmark: EURO STOXX 50 (RI) ab 1.9.09
Calculation of performance is based on the time-weighted return and excludes front-end fees. Individual costs such as fees, commissions and
other charges have not been included in this presentation and would have an adverse impact on returns if they were included. Past performance is
not a reliable indicator of future returns.
For a detailed monthly commentary please
see the Flagship Fund Reporting
(www.dws.com).
Cumulative Performance (in %) - Share Class LC(EUR)
1m
1y
3y
5 y s. Launch
Ytd.
3yØ
5yØ
2011
2012
2013
2014
EUR
BM IN EUR
16.4
16.0
19.3
19.7
12.5
8.6
-18.1
-14.5
27.8
17.6
26.7
21.6
1.7
3.9
-1.9
-1.9
16.2
16.1
69.7
71.3
80.1
50.9
89.2
65.5
Further Characteristics (3 years) - Share Class LC(EUR)
Volatility
11.95%
Sharpe Ratio
Alpha
1.47
2.16%
Maximum Drawdown
-6.32%
Information Ratio
-0.06
Beta
0.86
8.87%
VAR (99%/10 days)
Correlation Coefficient
Tracking Error
0.91
5.13%
Portfolio Analysis
Breakdown by Sector (Equities)
(in % of fundvolume)
Portfolio Breakdown according to MSCI
Financials
Consumer Discretionary
Industrials
Consumer Staples
Health Care
Telecommunication Serv.
Utilities
Information Technology
Materials
Morningstar Style-Box™
28.8
16.2
12.7
10.4
9.4
9.1
4.4
4.1
4.1
Market Capitalization
Small
Growth
Investment Style
Morningstar Category™
Eurozone Large-Cap Equity
4.3
ING Group NV (Financials)
4.1
Bayer AG (Health Care)
4.0
Intesa Sanpaolo SpA (Financials)
3.9
Enel SpA (Utilities)
3.2
BNP Paribas (Financials)
3.0
Societe Generale SA (Financials)
2.8
2.7
36.8
Breakdown by Country (Equities)
Investment Ratio
(in % of fundvolume)
(As at: 31/03/2015)
Morningstar Overall Rating™:
«««««
1 / 4
4.3
Daimler AG (Consumer Discretionary)
Gross weighting, not adjusted for any positions in
derivatives and certificates.
Ratings
Page
4.5
Deutsche Telekom AG (Telecommunication Serv.)
Gross weighting, not adjusted for any positions in
derivatives.
Germany
France
Italy
Spain
Netherlands
Belgium
Finland
Blend
Lipper Leaders:
Anheuser-Busch InBev NV (Consumer Staples)
Total
Mid
FERI Fund Rating:
(in % of fundvolume)
Vinci SA (Industrials)
Large
Value
Principal Holdings (Equities)
(A)
Gross weighting, not adjusted for any positions in
derivatives.
34.3
26.0
11.2
10.2
9.1
6.4
2.0
Equities
Cash and other assets
Future Long
(in % of fundvolume)
99.1
0.9
1.7
Deutsche Invest I Top Euroland
Equity Funds - Europe
April 2015
As at 30/04/2015
Portfolio Analysis
Breakdown by Currency
(in % of fundvolume)
Euro
100.0
Incl. forward exchange transactions, negative and positive figures reflect expected
currency developments.
Market Capitalization
(in % of fundvolume)
Super large caps (> 10 bn.)
Large caps (> 5 bn. < 10 bn.)
Mid caps (> 1 bn. < 5 bn.)
86.3
5.5
7.3
Gross weighting, not adjusted for any positions in derivatives. The calculation is
based on Euro.
Key Figures regarding the Fund's Assets
Number of Shares
51
Cumulative Performance (in %)
1m
FC(EUR)
FD(EUR)***
GBP RD(GBP)
1y
Dividend Yield (in %)
3y
5y
s. Launch
2.2
Ø Market Cap
Ytd.
3yØ
5yØ
2011
53,117.5 Mio. EUR
2012
2013
2014
-1.8
17.1
73.5
87.0
111.7
16.7
20.2
13.3
-17.5
28.7
27.6
--
--
--
--
--
--
--
--
--
--
--
--
-1.8
2.9
--
--
8.3
8.2
--
--
--
--
--
-4.3
--
2.5
--
--
--
--
--
--
--
--
--
--
--
IC(EUR)
-1.8
17.5
--
--
18.1
16.8
--
--
--
--
--
--
LC(EUR)
-1.9
16.2
69.7
80.1
89.2
16.4
19.3
12.5
-18.1
27.8
26.7
1.7
LD(EUR)
-1.9
16.2
69.6
80.1
89.0
16.4
19.3
12.5
-18.1
27.8
26.7
1.7
NC(EUR)
-1.9
15.4
66.1
73.9
72.6
16.1
18.4
11.7
-18.7
26.9
25.8
1.0
SGD LCH (P)(SGD)***
--
--
--
--
--
--
--
--
--
--
--
--
USD FCH(USD)***
--
--
--
--
--
--
--
--
--
--
--
--
-2.0
15.7
--
--
19.3
16.1
--
--
--
--
--
1.5
GBP RDH(GBP)***
USD LCH(USD)
***The presentation of performance occurs after a period of at least one year following launch of the Fund / unit class.
Page
2 / 4
Deutsche Invest I Top Euroland
Equity Funds - Europe
April 2015
As at 30/04/2015
Fund Data
Portfolio Manager
Britta Weidenbach
Portfolio Manager since
Portfolio Management Company
01/10/2006
Deutsche Asset & Wealth Management Investment GmbH
Portfolio Management Location
Germany
Management Company
DWS Investment S.A.
Legal Structure
Assets
1,508.3 Mio. EUR
Fund Currency
EUR
Launch Date
03/06/2002
Fiscal Year End
31/12/2015
Investor profile
Growth-oriented
SICAV
Custodian
State Street Bank, Lux.
Share Classes
Share
Class
Cur.
ISIN Code
German
Sec. Code
Earnings
Front-end Load ¹ Issue Price
up to
Redemption
Price
Interim Gains
Management
Fee
Running costs
plus
performancerelated fee
Minimum
Investment
Amount
FC
EUR LU0145647722
552 519
Accumulation
0.00%
211.71
211.71
0.00
0.750%
0.85%
--
400,000
FD
EUR LU0740840441
DWS 1CY
Distribution
0.00%
119.71
119.71
0.00
0.750%
0.91%
--
400,000
GBP RD
GBP
LU0911039740
DWS 1W7
Distribution
0.00%
107.33
107.33
0.00
0.750%
1.23%
--
--
GBP RDH
GBP LU1054342438
DWS 12W
Distribution
0.00%
101.83
101.83
0.00
0.750%
0.91%
--
--
IC
EUR LU0616864954
DWS 07P
Accumulation
0.00%
118.07
118.07
0.00
0.500%
0.66%
--
25,000,000
LC
EUR LU0145644893
552 516
Accumulation
5.00%
199.11
189.16
0.00
1.500%
1.60%
--
--
LD
EUR LU0145647052
552 517
Distribution
5.00%
183.35
174.18
0.00
1.500%
1.60%
--
--
NC
EUR LU0145647300
552 518
Accumulation
3.00%
177.97
172.63
0.00
2.000%
2.29%
--
--
SGD LCH (P)
SGD LU1054341976
DWS 12S
Accumulation
5.00%
11.95
11.36
1.500%
1.78%
--
--
USD FCH
USD
LU0911039666
DWS 1W6
Accumulation
0.00%
123.29
123.29
0.00
0.750%
0.92%
--
400,000
USD LCH
USD LU0986127263
DWS 112
Accumulation
5.00%
125.63
119.34
0.00
1.500%
1.63%
--
--
Address
Deutsche Asset & Wealth
Management Investment GmbH
Mainzer Landstraße 178-190
60327 Frankfurt am Main
Tel.: +49 (0) 69 / 910 - 12371
Fax: +49 (0) 69 / 910 - 19090
Internet: www.dws.com
E-Mail: [email protected]
Page
3 / 4
Note
1 Based on the gross investment.
Because of its composition or the techniques used by its managers, the fund is subject to heightened volatility. Consequently, unit prices may
fluctuate sharply in either direction within short periods of time.
Please note that not all share classes and subfunds respectively are registered in every country.
Units issued by DWS Invest SICAV may only be sold or offered for sale in jurisdictions in which such offer or sale is permitted.
Figures subject to audit. The current sales prospectus which is legally binding for the purchase of fund units is available from your financial
consultant or DWS. The sales prospectus contains detailed information about risk. Evaluations made in this report may change at any time
whithout prior announcement. These statements are based on our assessment of the current legal and tax information.
Legal Disclaimer
Opportunities
Risks
• Equity funds: market, sector and company-specific price increases
• Bond funds: decline in yields or price increases on the bond markets
and/or a decrease in spreads on higher-interest securities
• Currency-exchange gains, if applicable
• Equity funds: market, sector and company-specific price decreases
• Bond funds: increase in yields or price decreases on the bond markets
and/or an increase in spreads on higher-interest securities
• Country risk, issuer, counterparty creditworthiness and default risk
• Use of derivative financial instruments, if applicable
• Currency-exchange risks, if applicable
• The unit price may at any time fall below the purchase price at which the
customer acquired the unit.
Investor profile: Growth-oriented
The Fund is intended for the growth-oriented investor seeking returns higher than those from capital market interest rates, with capital growth generated primarily
through opportunities in the equity and currency markets. Security and liquidity are subordinate to potential high returns. This entails higher equity, interest rate and
currency risks, as well as default risks, all of which can result in a loss of capital.
Please note that the information from Morningstar, FERI and Lipper Leaders relates to the previous month.
Morningstar Overall Rating™
© [2015] Morningstar Inc. All rights reserved. The information contained herein (1) is copyright protected for Morningstar and/or its content providers; (2) may not be
copied or distributed; and (3) is not guaranteed to be accurate, complete or up-to-date. Neither Morningstar nor its content providers are responsible for any
damages or losses that may arise from use of this information. Past performance does not guarantee future performance.
Lipper Leaders
© 2015 Lipper - a Thomson Reuters Company. All rights reserved. Any copying, republication or redistribution of Lipper content is expressly prohibited without the
prior written consent of Lipper. Neither Lipper, other members of the Thomson Reuters group, nor its data providers shall be liable for any errors or delays in the
content or for any actions taken in reliance thereon. Lipper performance rankings are calculated using data available at the time of calculation and may not represent
all the funds tracked by Lipper. The presentation of performance data does not constitute a recommendation to buy or sell a fund or an investment recommendation
for a specific market segment. Lipper analyzes the past performance of funds. Past results are no guarantee for the future performance of an investment fund.
Lipper and the Lipper logo are registered trademarks of Thomson Reuters.
Lipper Leaders Rating System - Ratings from 1 (lowest) to 5 (highest)
First digit = Total Return; second digit = Consistent Return; third digit = Preservation; fourth digit = Expense
Important Notice
When the custodian sets the price on the last trading day of the month there can be a difference of up to ten hours between the times at which the fund price and the
benchmark are calculated. In the event of strong market movements during this period, this may result in the over- or understatement of the Fund's performance
relative to the benchmark at the end of the month (this is referred to as the "pricing effect").
The information in this document does not constitute investment advice and is only a brief summary of key aspects of the Fund. Full details of the Fund can be found
in the Key Investor Information Document and the Prospectus, as supplemented by the latest audited annual report and the latest semi-annual report, if this report is
more recent than the last annual report. These documents constitute the sole binding basis for the purchase. They are available free of charge in electronic or
printed format from your advisor, DWS Investment GmbH, Mainzer Landstraße 178-190, D 60327 Frankfurt/Main and, for Luxembourg funds, from DWS Investment
S.A., 2, Boulevard Konrad Adenauer, L-1115 Luxembourg.
Any views expressed reflect the current assessment of DWS Investments, which may change without notice. Where information contained in this document derives
from third parties, DWS Investments accepts no liability for the accuracy, completeness or adequacy of such data, although DWS Investments only uses data that it
deems to be reliable.
The gross performance (BVI method) includes all costs incurred at the fund level (e.g. management fee), the net performance also includes the sales charge;
additional costs may be incurred at the investor level (e.g. custody costs), which are not included in the presentation. Past performance is not a reliable indicator of
future performance.
Further information on taxation can be found in the Prospectus.
The units issued under this Fund may only be offered for sale or sold in jurisdictions in which such offer or sales is permitted. The units of this Fund may not be
offered for sale or sold in the US nor for account of US citizens nor to US citizens resident in the US.
This document and the information contained therein may not be distributed in the US. The distribution and publication of this document and the offer or sale of units
may also be subject to restrictions in other jurisdictions.