DWS Europe

Convergence Bonds

Fund Investment Objectives

Emerging Markets fixed income fund focusing on government bonds from European Emerging Markets, which are affected by the institutional or economic convergence in Europe, e.g., a membership aim in the European Union or in the European currency system. Additional investments in selected corporate bonds are possible as well. The Fund invests in local currencies as well as in hard currencies while currency risk versus the EUR is hedged flexibly. Actual inception date is February 14, 2000.