So investiert der DWS Invest Conservative Opportunities LD: The objective of the investment policy of the sub-fund is to achieve an above-average return. The sub-fund is actively managed and is not managed in reference to a benchmark. The sub-fund combines eligible investment vehicles from different asset classes in order to achieve a defensive risk-reward investment profile and targets an annualized volatility between 2% and 5% over a rolling 5-year period. However, it cannot be guaranteed that the volatility range will be met at any time. The sub-fund may invest in equities, in interestbearing securities, in certificates on, for example, equities, bonds and indices, in investment funds, in derivatives, in convertible and warrant-linked bonds whose warrants relate to securities, in warrants on securities, in participation and dividend-right certificates, in money market instruments and cash.