db PrivatMandat Comfort -

Balance (U)

Fund Investment Objectives

The objective of db Privat Mandat Comfort - Balance (U) is to seek appreciation of capital in the event that prices primarily on international equity and bond markets rise. The Fund will invest primarily in fixed-rate and floating-rate securities, equities, convertible bonds, shares of money market, bond and equity funds and in dividend-right certificates. The management fee includes a performance related fee of 25% of the amount by which the performance of the sub-fund exceeds the return of 40% JP Morgan EMU Bond Index 1-10 Years (total return index), 22% Dow Jones EURO STOXX 50 equity index (price index), 12% Standard & Poor's 500 equity index (price index), 6% MSCI Asia equity index (price index) and 20% money market investment as measured by the 1M EURIBOR. A performance-based fee may be payable even if the sub-fund's performance is negative, as long as the sub-fund outperforms the benchmark.