DWS Strategic Value Fund - Colonial First State

Before you startYou should read this ProductDisclosure Statement (‘PDS’)carefully before investing in theDWS Strategic Value Fund (‘theFund’). It will help you to decide ifthis Fund will meet your needs andwill also assist you to compare thisFund to others you may beconsidering.Choosing the right managed fund aspart of your investment strategy canbe a very effective way to achieveyour financial goals. It is importantto understand that no two funds arethe same, and that investing in amanaged fund should be viewedover the longer term. If you dodecide to invest in the Fund youmust accept that the value of yourinvestment will go up and down.Deutsche Asset Management(Australia) Limited (‘Deutsche AssetManagement’) is the issuer of thisPDS and of units in the Fund. Wealso act as the Responsible Entityfor the Fund under the CorporationsAct. In this PDS, the terms ‘we’, ‘us’and ‘our’ refer to Deutsche AssetManagement. References toIronbark throughout this PDS relateto their role as the current retaildistributor of the Fund. In their roleas retail distributor of the Fund,Ironbark is responsible for marketingactivities relating to the Fund in theretail market. Ironbark will alsohouse information relating to theFund on their website as specifiedin this PDS.We are a member of the DeutscheBank group of companies. Neitherwe, nor any company in theDeutsche Bank Group, promisesthat you will earn any return on yourinvestment or that your investmentwill gain or retain its value. NoDeutsche Bank Group companyother than Deutsche AssetManagement makes any statementor representation in this PDS.The Fund is an open-ended unlistedunit trust and a registered managedinvestment scheme for the purposesof the Corporations Act. It is availableonly to Australian investors. ThisPDS is not an offer or invitation inrelation to units in the Fund in anyplace which, or to any person towhom, it would not be lawful tomake that offer or invitation. Further,the distribution of this PDS outsideAustralia may be restricted by thelaws of the place where it isdistributed, and therefore personswho receive this PDS should seekadvice on and observe thoserestrictions. Failure to comply withrelevant restrictions may violatethose laws.Units in the Fund cannot be issuedto you unless you have received thePDS (electronically or otherwise) inAustralia and you use the applicationform accompanying the current PDSfor the Fund.Information in this PDS is generalinformation only. It does not takeinto account your individualobjectives, tax and financial situationor particular needs or circumstances.To help you assess whether thisFund is appropriate for your specificcircumstances, we recommend thatyou get professional advice fromyour financial adviser and/or yourtax adviser before investing.The information in this PDS issubject to change, and may beupdated at any time. Where achange may be materially adverse toinvestors, or as otherwise requiredby law, we will replace this PDS orissue a supplementary PDS, andgive investors notice as required orpermitted by law. Where a changeis not materially adverse, we mayupdate this information on ourwebsite.If you have received this PDSelectronically, we will provide apaper copy free on request by callingClient Services on 1800 034 402.You can also request a paper copy ofany update material concerning theFund, such as performance, thatappears on Ironbark’s website.All references to monetary amountsin this PDS are to Australian dollars(unless otherwise specified).Deutsche Asset Management isa member of the Investment andFinancial Services AssociationLimited (‘IFSA’).If you need help about investinggenerally, we recommend that youspeak to a licensed financial adviser.The Australian Securities andInvestments Commission (‘ASIC’)can help you check if an adviser islicensed. ASIC has a website atwww.asic.gov.au as well as ahelpline you can call on1300 300 630.2