The main investment objective of the sub-fund DWS Invest Italian Equities is to achieve long term capital appreciation by investing in Italian companies. To achieve this investment objective, at least 70% of the sub-fund's assets (after deduction of liquid assets) are invested in shares and other equity securities and uncertificated equity instruments of companies registered in Italy, or in companies that conduct their principal business activity in Italy or which, as holding companies, hold primarily interests in companies registered in Italy. Up to 30% of the sub-fund's assets (after deduction of liquid assets) may be invested in: a) shares and other equity securities and uncertificated equity instruments (participation and dividend-right certificates, etc.) of companies of any size from around the world that do not fulfil the requirements of the preceding paragraph; b) interest-bearing securities, as well as convertible bonds, convertible debentures and warrant-linked bonds that are issued by companies according to (1) or (a) above, and which are denominated in any freely convertible currency.