DWS FlexProfit Semiannual Report 2012

Transcription

1 DWS Investment S.A. DWS FlexProfit Semiannual Report 2012 DWS FlexProfit 80 DWS FlexProfit 85 DWS FlexProfit 90 Investment Company with Variable Capital Incorporated under Luxembourg Law 7/2012

2 DWS FlexProfit 80 DWS FlexProfit 85 DWS FlexProfit 90

3 Contents Semiannual report 2012 for the period from January 1, 2012, through June 30, 2012 General information Semiannual report DWS FlexProfit SICAV DWS FlexProfit 80 4 DWS FlexProfit 85 5 DWS FlexProfit 90 6 Investment portfolios for the reporting period 8 1

4 General information The funds described in this report are sub-funds of a SICAV (Société d Investissement à Capital Variable) incorporated under Luxembourg law. Performance The investment return, or performance, of a mutual fund investment is measured by the change in value of the fund s shares. The net asset values per share (= redemption prices) with the addition of intervening distributions, which are, for example, reinvested free of charge within the scope of investment accounts at DWS, are used as the basis for calculating the value. Past performance is not a guide to future results. The corresponding benchmarks if available are also presented in the report. All financial data in this publication is as of June 30, 2012 (unless otherwise specified). Sales prospectuses Fund shares are purchased on the basis of the current sales prospectus, the key investor information document and the by-laws of the SICAV, in combination with the latest audited annual report and any semiannual report that is more recent than the latest annual report. Issue and redemption prices The current issue and redemption prices and all other information for shareholders may be requested at any time at the registered office of the Management Company and from the paying agents. In addition, the issue and redemption prices are published in every country of distribution through appropriate media (such as the Internet, electronic information systems, newspapers, etc.). 2

5 2012 Semiannual report

6 DWS FlexProfit 80 DWS FLEXPROFIT 80 Performance at a glance in % months DWS FlexProfit 80 Data on euro basis BVI method performance, i.e., excluding the initial sales charge. Past performance is no guide to future results. As of: June 30, 2012 DWS FLEXPROFIT 80 Asset allocation Bond funds Money market funds 18.9 Equity funds 12.2 Bonds* Mixed funds (bonds/equities) Index funds Cash and other assets In % of the fund s net assets (* incl. pro-rata accrued interest) Security code: A0H 0Y2 ISIN: LU As of: June 30,

7 DWS FlexProfit 85 DWS FLEXPROFIT 85 Performance at a glance in % months DWS FlexProfit 85 Data on euro basis BVI method performance, i.e., excluding the initial sales charge. Past performance is no guide to future results. As of: June 30, 2012 DWS FLEXPROFIT 85 Asset allocation Bond funds Money market funds Equity funds Bonds* Mixed funds (bonds/equities) Index funds Cash and other assets In % of the fund s net assets (* incl. pro-rata accrued interest) Security code: A0H 0Y0 ISIN: LU As of: June 30,

8 DWS FlexProfit 90 DWS FLEXPROFIT 90 Performance at a glance in % months DWS FlexProfit 90 Data on euro basis BVI method performance, i.e., excluding the initial sales charge. Past performance is no guide to future results. As of: June 30, 2012 DWS FLEXPROFIT 90 Asset allocation Bond funds 52.4 Money market funds Bonds* Equity funds Mixed funds (equities / bonds) Index funds Cash and other assets In % of the fund s net assets (* incl. pro-rata accrued interest) Security code: A0H 0Y1 ISIN: LU As of: June 30,

9 0Investment 0 portfolios for the reporting period The format used for complete dates in securities descriptions in the investment portfolio is day/month/year.

10 DWS FlexProfit 80 Investment portfolio June 30, 2012 Count Quantity/ Purchases/ Sales/ Total market % of Description currency principal additions disposals Market price value in net assets ( / 000) amount in the reporting period EUR Securities traded on an exchange Interest-bearing securities % Bremen 10/ A.174 LSA (DE000A1ELQL8)... EUR % Investment fund units In-group fund units DB Portfolio Euro Liquidity (LU ) (0.250%+)... Count EUR db X-trackers - MSCI AC Asia Ex. Japan TRN 1C (LU ) (0.450%) Count EUR db X-trackers - MSCI Emerging Markets ETF 1C (LU ) (0.450%)... Count EUR db X-trackers - MSCI JAPAN TRN INDEX ETF Cl.3C (LU ) (0.200%)... Count EUR db X-trackers - MSCI WORLD TRN INDEX 1C (LU ) (0.450%)... Count EUR db X-trackers II - IBOXX Euro Sov. TR 1C (LU ) (0.050%) Count EUR DWS Covered Bond Fund (DE ) (0.700%)... Count EUR DWS Deutschland (DE ) (1.400%)... Count EUR DWS Euro-Corp High Yield (LU ) (1.100%+).. Count EUR DWS European Opportunities (DE ) (1.400%)... Count EUR DWS Euro-Rendite-Plus (DE ) (0.550%)... Count EUR DWS Floating Rate Notes (LU ) (0.300%)... Count EUR DWS Global Agribusiness FC (EUR) (LU ) (0.750%)... Count EUR DWS Global Value (LU ) (1.450%+)... Count EUR DWS Health Care Typ O (DE ) (1.700%+)... Count EUR DWS Helios Best Select (LU ) (0.250%)... Count EUR DWS High Income Bond Fund (DE ) (1.100%)... Count EUR DWS Institutional Cash Plus (LU ) (0.160%+)... Count EUR DWS Institutional Money plus IC (LU ) (0.160%+)... Count EUR DWS Invest Chinese Equities FC (LU ) (0.750%)... Count EUR DWS Invest Euro Corporate Bonds FC (LU ) (0.600%)... Count EUR DWS Osteuropa (LU ) (1.700%)... Count EUR DWS Rendite Optima (LU ) (0.300%+)... Count EUR DWS Rendite Optima Four Seasons (LU ) (0.300%)... Count EUR DWS Technology Typ O (DE ) (1.700%+)... Count EUR DWS Telemedia Typ O (DE ) (1.700%+)... Count EUR DWS Top 50 Asien (DE ) (1.450%)... Count EUR DWS Top 50 Welt (DE ) (1.450%)... Count EUR DWS Top Dividende (DE ) (1.450%)... Count EUR DWS US Growth (DE ) (1.450%)... Count EUR DWS ZukunftsInvestitionen (DE ) (1.450%).. Count EUR Total securities portfolio Derivatives Minus signs denote short positions Equity index derivatives (Receivables/payables) Equity index futures Dow Jones EURO STOXX 50 Future 09/2012 (EURX) EUR... Count S&P 500 EMINI Future 09/2012 (CME) USD... Count

11 DWS FlexProfit 80 Count Quantity/ Purchases/ Sales/ Total market % of Description currency principal additions disposals Market price value in net assets ( / 000) amount in the reporting period EUR Swaps Equity swaps Swap Gap Risk FP80 (DBK) (OTC FFM)... EUR Swap Gap Risk FP80 (MRL) (OTC FFM)... EUR Cash at bank Demand deposits at Custodian EUR deposits... EUR % Deposits in non-eu/eea currencies Japanese yen... JPY % U.S. dollar... USD % Other assets Interest receivable... EUR % Withholding tax claims... EUR % Other liabilities Liabilities from cost items... EUR % Additional other liabilities... EUR % Net assets Net asset value per share Number of shares outstanding Negligible rounding errors may have arisen due to the rounding of calculated percentages. Market abbreviations Futures exchanges EURX = Eurex (Eurex Frankfurt/Main / Eurex Zürich) CME = Chicago Mercantile Exchange (CME) - Index and Options Market Division (IOM) OTC FFM = Over the Counter Frankfurt/Main Exchange rates (indirect quotes) As of June 29, 2012 Japanese yen... JPY = EUR 1 U.S. dollar... USD = EUR 1 Notes on the valuation Under the responsibility of the Board of Directors of the SICAV, the Management Company determines the net asset values per share and performs the valuation of the assets of the fund. The basic provision of price data and price validation are performed in accordance with the method introduced by the Board of Directors of the SICAV on the basis of the legal and regulatory requirements or the principles for valuation methods defined in the SICAV s prospectus. If no trading prices are available, prices are determined with the aid of valuation models (derived market values) which are agreed between State Street Bank Luxembourg as external price service provider and the Management Company and which are based as far as possible on market parameters. This procedure is subject to an ongoing monitoring process. The plausibility of price information from third parties is checked through other pricing sources, model calculations or other suitable procedure. Investments reported in this report are not valued at derived market values. The management fee/all-in fee rates in effect as of the reporting date for the investment fund units held in the securities portfolio are shown in parentheses. A plus sign means that a performance-based fee may also be charged. As the fund held units of other investment funds (target funds) during the period under review, further costs, charges and fees may have been incurred at the level of these individual target funds. No initial sales charges or redemption fees were paid during the period under review. 9

12 DWS FlexProfit 80 Transactions completed during the reporting period that no longer appear in the investment portfolio Purchases and sales of securities, investment fund units and promissory note loans (Schuldscheindarlehen); market classifications are as of the reporting date Count Purchases/ Sales/ Description currency additions disposal ( / 000) Investment fund units In-group fund units db X-trackers - MSCI EUROPE TRN INDEX ETF 1C (LU ) (0.300%)... Count db X-trackers FTSE EPRA/NAREIT Dev. EU RE. 1C (LU ) (0.400%)... Count db X-trackers S&P 500 ETF 1C USD (LU ) (0.200%)... Count DWS Europa Strategie (Renten) (DE ) (0.850%+)... Count DWS Invest Asian Small/Mid Cap FC (LU ) (0.750%+)... Count DWS Invest European Equities FC (LU ) (0.750%)... Count DWS Zukunftsressourcen (DE ) (1.450%)... Count Derivatives (option premiums realized in opening transactions, or total options transactions; in the case of warrants, purchases and sales are shown) Futures contracts Value ( 000) Equity index futures Contracts purchased: EUR (Underlyings: Euro STOXX 50 Price Euro, S&P 500 Index) Currency futures Futures contracts to sell currencies JPY/EUR EUR

13 DWS FlexProfit 85 Investment portfolio June 30, 2012 Count Quantity/ Purchases/ Sales/ Total market % of Description currency principal additions disposals Market price value in net assets ( / 000) amount in the reporting period EUR Securities traded on an exchange Interest-bearing securities % Bremen 10/ A.174 LSA (DE000A1ELQL8)... EUR % Investment fund units In-group fund units DB Portfolio Euro Liquidity (LU ) (0.250%+)... Count EUR db X-trackers - MSCI AC Asia Ex. Japan TRN 1C (LU ) (0.450%) Count EUR db X-trackers - MSCI Emerging Markets ETF 1C (LU ) (0.450%)... Count EUR db X-trackers - MSCI JAPAN TRN INDEX ETF Cl.3C (LU ) (0.200%)... Count EUR db X-trackers - MSCI WORLD TRN INDEX 1C (LU ) (0.450%)... Count EUR db X-trackers II - IBOXX Euro Sov. TR 1C (LU ) (0.050%) Count EUR DWS Covered Bond Fund (DE ) (0.700%)... Count EUR DWS Deutschland (DE ) (1.400%)... Count EUR DWS Euro-Corp High Yield (LU ) (1.100%+).. Count EUR DWS European Opportunities (DE ) (1.400%)... Count EUR DWS Euro-Rendite-Plus (DE ) (0.550%)... Count EUR DWS Floating Rate Notes (LU ) (0.300%)... Count EUR DWS Global Agribusiness FC (EUR) (LU ) (0.750%)... Count EUR DWS Global Value (LU ) (1.450%+)... Count EUR DWS Health Care Typ O (DE ) (1.700%+)... Count EUR DWS Helios Best Select (LU ) (0.250%)... Count EUR DWS High Income Bond Fund (DE ) (1.100%)... Count EUR DWS Institutional Cash Plus (LU ) (0.160%+)... Count EUR DWS Institutional Money plus IC (LU ) (0.160%+)... Count EUR DWS Invest Chinese Equities FC (LU ) (0.750%)... Count EUR DWS Invest Euro Corporate Bonds FC (LU ) (0.600%)... Count EUR DWS Osteuropa (LU ) (1.700%)... Count EUR DWS Rendite Optima (LU ) (0.300%+)... Count EUR DWS Technology Typ O (DE ) (1.700%+)... Count EUR DWS Telemedia Typ O (DE ) (1.700%+)... Count EUR DWS Top 50 Asien (DE ) (1.450%)... Count EUR DWS Top 50 Welt (DE ) (1.450%)... Count EUR DWS Top Dividende (DE ) (1.450%)... Count EUR DWS US Growth (DE ) (1.450%)... Count EUR DWS ZukunftsInvestitionen (DE ) (1.450%).. Count EUR Total securities portfolio Derivatives Minus signs denote short positions Equity index derivatives (Receivables/payables) Equity index futures Dow Jones EURO STOXX 50 Future 09/2012 (EURX) EUR... Count S&P 500 EMINI Future 09/2012 (CME) USD... Count

14 DWS FlexProfit 85 Count Quantity/ Purchases/ Sales/ Total market % of Description currency principal additions disposals Market price value in net assets ( / 000) amount in the reporting period EUR Swaps Equity swaps Swap Gap Risk FP85 (DBK) (OTC FFM)... EUR Swap Gap Risk FP85 (MRL) (OTC FFM)... EUR Cash at bank Demand deposits at Custodian EUR deposits... EUR % Deposits in non-eu/eea currencies Japanese yen... JPY % U.S. dollar... USD % Other assets Interest receivable... EUR % Withholding tax claims... EUR % Other liabilities Liabilities from cost items... EUR % Additional other liabilities... EUR % Net assets Net asset value per share Number of shares outstanding Negligible rounding errors may have arisen due to the rounding of calculated percentages. Market abbreviations Futures exchanges EURX = Eurex (Eurex Frankfurt/Main / Eurex Zürich) CME = Chicago Mercantile Exchange (CME) - Index and Options Market Division (IOM) OTC FFM = Over the Counter Frankfurt/Main Exchange rates (indirect quotes) As of June 29, 2012 Japanese yen... JPY = EUR 1 U.S. dollar... USD = EUR 1 Notes on the valuation Under the responsibility of the Board of Directors of the SICAV, the Management Company determines the net asset values per share and performs the valuation of the assets of the fund. The basic provision of price data and price validation are performed in accordance with the method introduced by the Board of Directors of the SICAV on the basis of the legal and regulatory requirements or the principles for valuation methods defined in the SICAV s prospectus. If no trading prices are available, prices are determined with the aid of valuation models (derived market values) which are agreed between State Street Bank Luxembourg as external price service provider and the Management Company and which are based as far as possible on market parameters. This procedure is subject to an ongoing monitoring process. The plausibility of price information from third parties is checked through other pricing sources, model calculations or other suitable procedure. Investments reported in this report are not valued at derived market values. The management fee/all-in fee rates in effect as of the reporting date for the investment fund units held in the securities portfolio are shown in parentheses. A plus sign means that a performance-based fee may also be charged. As the fund held units of other investment funds (target funds) during the period under review, further costs, charges and fees may have been incurred at the level of these individual target funds. No initial sales charges or redemption fees were paid during the period under review. 12

15 DWS FlexProfit 85 Transactions completed during the reporting period that no longer appear in the investment portfolio Purchases and sales of securities, investment fund units and promissory note loans (Schuldscheindarlehen); market classifications are as of the reporting date Count Purchases/ Sales/ Description currency additions disposal ( / 000) Investment fund units In-group fund units db X-trackers - MSCI EUROPE TRN INDEX ETF 1C (LU ) (0.300%)... Count db X-trackers FTSE EPRA/NAREIT Dev. EU RE. 1C (LU ) (0.400%)... Count db X-trackers S&P 500 ETF 1C USD (LU ) (0.200%)... Count DWS Europa Strategie (Renten) (DE ) (0.850%+)... Count DWS Invest Asian Small/Mid Cap FC (LU ) (0.750%+)... Count DWS Invest European Equities FC (LU ) (0.750%)... Count DWS Rendite Optima Four Seasons (LU ) (0.300%)... Count DWS Zukunftsressourcen (DE ) (1.450%)... Count Derivatives (option premiums realized in opening transactions, or total options transactions; in the case of warrants, purchases and sales are shown) Futures contracts Value ( 000) Equity index futures Contracts purchased: EUR (Underlyings: Euro STOXX 50 Price Euro, S&P 500 Index) Currency futures Futures contracts to sell currencies JPY/EUR EUR

16 DWS FlexProfit 90 Investment portfolio June 30, 2012 Count Quantity/ Purchases/ Sales/ Total market % of Description currency principal additions disposals Market price value in net assets ( / 000) amount in the reporting period EUR Securities traded on an exchange Interest-bearing securities % Bremen 10/ A.174 LSA (DE000A1ELQL8)... EUR % Investment fund units In-group fund units DB Portfolio Euro Liquidity (LU ) (0.250%+)... Count EUR db X-trackers - MSCI AC Asia Ex. Japan TRN 1C (LU ) (0.450%) Count EUR db X-trackers - MSCI Emerging Markets ETF 1C (LU ) (0.450%)... Count EUR db X-trackers - MSCI JAPAN TRN INDEX ETF Cl.3C (LU ) (0.200%)... Count EUR db X-trackers - MSCI WORLD TRN INDEX 1C (LU ) (0.450%)... Count EUR db X-trackers II - IBOXX Euro Sov. TR 1C (LU ) (0.050%) Count EUR DWS Covered Bond Fund (DE ) (0.700%)... Count EUR DWS Deutschland (DE ) (1.400%)... Count EUR DWS Euro-Corp High Yield (LU ) (1.100%+).. Count EUR DWS European Opportunities (DE ) (1.400%)... Count EUR DWS Euro-Rendite-Plus (DE ) (0.550%)... Count EUR DWS Floating Rate Notes (LU ) (0.300%)... Count EUR DWS Global Agribusiness FC (EUR) (LU ) (0.750%)... Count EUR DWS Global Value (LU ) (1.450%+)... Count EUR DWS Health Care Typ O (DE ) (1.700%+)... Count EUR DWS Helios Best Select (LU ) (0.250%)... Count EUR DWS High Income Bond Fund (DE ) (1.100%)... Count EUR DWS Institutional Cash Plus (LU ) (0.160%+)... Count EUR DWS Institutional Money plus IC (LU ) (0.160%+)... Count EUR DWS Invest Chinese Equities FC (LU ) (0.750%)... Count EUR DWS Invest Euro Corporate Bonds FC (LU ) (0.600%)... Count EUR DWS Osteuropa (LU ) (1.700%)... Count EUR DWS Rendite Optima (LU ) (0.300%+)... Count EUR DWS Technology Typ O (DE ) (1.700%+)... Count EUR DWS Telemedia Typ O (DE ) (1.700%+)... Count EUR DWS Top 50 Asien (DE ) (1.450%)... Count EUR DWS Top 50 Welt (DE ) (1.450%)... Count EUR DWS Top Dividende (DE ) (1.450%)... Count EUR DWS US Growth (DE ) (1.450%)... Count EUR DWS ZukunftsInvestitionen (DE ) (1.450%).. Count EUR Total securities portfolio Derivatives Minus signs denote short positions Equity index derivatives (Receivables/payables) Equity index futures Dow Jones EURO STOXX 50 Future 09/2012 (EURX) EUR... Count S&P 500 EMINI Future 09/2012 (CME) USD... Count

17 DWS FlexProfit 90 Count Quantity/ Purchases/ Sales/ Total market % of Description currency principal additions disposals Market price value in net assets ( / 000) amount in the reporting period EUR Swaps Equity swaps Swap Gap Risk FP90 (DBK) (OTC FFM)... EUR Swap Gap Risk FP90 (MRL) (OTC FFM)... EUR Cash at bank Demand deposits at Custodian EUR deposits... EUR % Deposits in non-eu/eea currencies Japanese yen... JPY % U.S. dollar... USD % Other assets Interest receivable... EUR % Withholding tax claims... EUR % Other liabilities Liabilities from cost items... EUR % Additional other liabilities... EUR % Net assets Net asset value per share Number of shares outstanding Negligible rounding errors may have arisen due to the rounding of calculated percentages. Market abbreviations Futures exchanges EURX = Eurex (Eurex Frankfurt/Main / Eurex Zürich) CME = Chicago Mercantile Exchange (CME) - Index and Options Market Division (IOM) OTC FFM = Over the Counter Frankfurt/Main Exchange rates (indirect quotes) as of June 29, 2012 Japanese yen... JPY = EUR 1 U.S. dollar... USD = EUR 1 Notes on the valuation Under the responsibility of the Board of Directors of the SICAV, the Management Company determines the net asset values per share and performs the valuation of the assets of the fund. The basic provision of price data and price validation are performed in accordance with the method introduced by the Board of Directors of the SICAV on the basis of the legal and regulatory requirements or the principles for valuation methods defined in the SICAV s prospectus. If no trading prices are available, prices are determined with the aid of valuation models (derived market values) which are agreed between State Street Bank Luxembourg as external price service provider and the Management Company and which are based as far as possible on market parameters. This procedure is subject to an ongoing monitoring process. The plausibility of price information from third parties is checked through other pricing sources, model calculations or other suitable procedure. Investments reported in this report are not valued at derived market values. The management fee/all-in fee rates in effect as of the reporting date for the investment fund units held in the securities portfolio are shown in parentheses. A plus sign means that a performance-based fee may also be charged. As the fund held units of other investment funds (target funds) during the period under review, further costs, charges and fees may have been incurred at the level of these individual target funds. No initial sales charges or redemption fees were paid during the period under review. 15

18 DWS FlexProfit 90 Transactions completed during the reporting period that no longer appear in the investment portfolio Purchases and sales of securities, investment fund units and promissory note loans (Schuldscheindarlehen); market classifications are as of the reporting date Count Purchases/ Sales/ Description currency additions disposal ( / 000) Investment fund units In-group fund units db X-trackers - MSCI EUROPE TRN INDEX ETF 1C (LU ) (0.300%)... Count db X-trackers FTSE EPRA/NAREIT Dev. EU RE. 1C (LU ) (0.400%)... Count db X-trackers S&P 500 ETF 1C USD (LU ) (0.200%)... Count DWS Europa Strategie (Renten) (DE ) (0.850%+)... Count DWS Invest Asian Small/Mid Cap FC (LU ) (0.750%+)... Count DWS Invest European Equities FC (LU ) (0.750%)... Count DWS Rendite Optima Four Seasons (LU ) (0.300%)... Count DWS Zukunftsressourcen (DE ) (1.450%)... Count Derivatives (option premiums realized in opening transactions, or total options transactions; in the case of warrants, purchases and sales are shown) Futures contracts Value ( 000) Equity index futures Contracts purchased: EUR (Underlyings: Euro STOXX 50 Price Euro, S&P 500 Index) Currency futures Futures contracts to sell currencies JPY/EUR EUR

19 DWS FlexProfit SICAV June 30, 2012 Portfolio composition (in euro) DWS FlexProfit SICAV DWS FlexProfit 85 DWS FlexProfit 90 DWS FlexProfit 80 Securities portfolio Equity index derivatives Swaps Cash at bank Other assets Other liabilities = Net assets

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21 Investment Company DWS FlexProfit SICAV 2, Boulevard Konrad Adenauer L-1115 Luxembourg RC B Board of Directors of the Investment Company Klaus-Michael Vogel Chairman Executive Member of the Board of Directors of DWS Investment S.A., Luxembourg; Executive Member of the Board of Directors of Deutsche Bank Luxembourg S.A., Luxembourg Manfred Bauer DWS Investment S.A., Luxembourg Michael Koschatzki DWS Investment GmbH, Frankfurt/Main Silvia Wagner Managing Director of DWS Finanz-Service GmbH, Frankfurt/Main Board of Directors of the Management Company Wolfgang Matis Chairman Managing Director of DWS Investment GmbH, Frankfurt/Main Managing Director of DWS Holding & Service GmbH, Frankfurt/Main Ernst Wilhelm Contzen Executive Member of the Board of Directors of Deutsche Bank Luxembourg S.A., Luxembourg Heinz-Wilhelm Fesser Luxembourg Frank Kuhnke London Klaus-Michael Vogel Executive Member of the Board of Directors of DWS Investment S.A., Luxembourg; Executive Member of the Board of Directors of Deutsche Bank Luxembourg S.A., Luxembourg Auditor KPMG Luxembourg S.à r.l. 9, Allée Scheffer L-2520 Luxembourg Custodian State Street Bank Luxembourg S.A. 49, Avenue J. F. Kennedy L-1855 Luxembourg Fund Manager DWS Investment GmbH Mainzer Landstraße D Frankfurt/Main Sales, Information and Paying Agent LUXEMBOURG Deutsche Bank Luxembourg S.A. 2, Boulevard Konrad Adenauer L-1115 Luxembourg Promoter and Management Company DWS Investment S.A. 2, Boulevard Konrad Adenauer L-1115 Luxembourg Capital stock as of December 31, 2011: EUR million Dorothee Wetzel DWS Investment GmbH, Frankfurt/Main Jochen Wiesbach Managing Director of DWS Finanz-Service GmbH, Frankfurt/Main Management Company Management Klaus-Michael Vogel Executive Member of the Board of Directors of DWS Investment S.A., Luxembourg; Executive Member of the Board of Directors of Deutsche Bank Luxembourg S.A., Luxembourg Manfred Bauer DWS Investment S.A., Luxembourg Markus Kohlenbach DWS Investment S.A., Luxembourg Doris Marx DWS Investment S.A., Luxembourg Ralf Rauch DWS Investment S.A., Luxembourg Martin Schönefeld (since April 1, 2012) DWS Investment S.A., Luxembourg As of: July 31, 2012

22 DWS FlexProfit SICAV 2, Boulevard Konrad Adenauer L-1115 Luxembourg RC B Tel.: Fax: