Universe, The CMI Global Network Fund - Clerical Medical

Universe, The CMIGlobal Network FundCMI Asset ManagementSemi-annual Report & Financial Statements 31 March 2010Halbjahresbericth und Halbjahresabschluss 31. März 201040 Avenue Monterey,L-2163 LuxembourgR.C.S. Luxembourg B33463

Universe, The CMI Global Network FundUniverse, The CMI Global Network FundSEMI-ANNUAL REPORT & FINANCIAL STATEMENTS 31 MARCH 2010HALBJAHRESBERICHT UND HALBJAHRESABSCHLUSS 31. MÄRZ 2010CONTENTSINHALTSVERZEICHNISPage - SeiteDirectors and Administration 2Mitglieder des Verwaltungsrates und der GeschäftsführungDirectors’ Report to Shareholders 5Bericht des Verwaltungsrates an die AktionäreStatement of Net Assets 7NettovermögensaufstellungStatement of Changes in Number of Shares Outstanding 7Veränderungen der sich im Umlauf befindlichen AktienStatement of Operations and Changes in Net Assets 11Aufwands- und Ertragsrechnung und Veränderung desNettovermögensThree Year Summary 15Drei-Jahres-UbersichtNotes to the Financial Statements 18Anhang zum HalbjahresberichtPortfolio and sector analysis of each sub-fund 27Wertpapierbestand und geographische Aufgliederung fürjeden TeilfondsInvestment Advisers 108AnlageberaterFund Advisers’ Market Comments 109Marktkommentare der FondsberaterNo subscription may be accepted on the basis of the Annual Report. Subscriptions are accepted only on the basis of the currentProspectus accompanied by the latest Annual Report.In case of differences between the English version and the other translations, the English version prevails.Es können keine Zeichnungen auf Basis des Halbjahresberichtes angenommen werden. Anträge werden nur auf Basis des aktuellenVerkaufsprospektes angenommen, begleitet vom letzten Jahresbericht.Der Halbjahresbericht und Halbjahresabschluss des “Universe, The CMI Global Network Fund” für die ersten sechs Monate bis 31.März 2010 und der Verkaufsprospekt sind über die Dresdner Bank AG, Jürgen-Ponto-Platz 1, 60301 Frankfurt erhältlich.Falls Unterschiede zwischen der Englischen und den übersetzten Versionen bestehen, so ist die Englische Version als massgebendauzusehen.1

Universe, The CMI Global Network FundDirectors and AdministrationMitglieder des Verwaltungsrates und derGeschäftsführungCHAIRMANPRÄSIDENTS J FriendHeidelberger Lebenversicherung AGForum 7D-69126 HeidelbergGermanyDIRECTORSMITGLIEDER DES VERWALTUNGSRATESJ ElvingerPartnerElvinger, Hoss & Prussen2, place Winston Churchill, BP425L-2014 LuxembourgLuxembourgD FinchHeidelberger Lebenversicherung AGForum 7D-69126 HeidelbergGermanyP MeyersCompany Director12, rue des RosesL-2445 LuxembourgLuxembourgD R CobleyHeidelberger Lebenversicherung AGForum 7D-69126 HeidelbergGermanyR D MorleyHeidelberger Lebenversicherung AGForum 7D-69126 HeidelbergGermanyREGISTERED OFFICEGESELLSCHAFTSSITZ40 Avenue Monterey,L-2163 Luxembourg (as of 26/04/10)Luxembourg2

Universe, The CMI Global Network FundMANAGEMENT COMPANYVERWALTUNGSGESELLSCHAFTCMI Asset Management (Luxembourg) S.A.40 Avenue Monterey,L-2163 Luxembourg (as of 26/04/10)LuxembourgTelephone: +352 31 78 31 342Facsimile: +352 31 78 31 550CUSTODIAN, ADMINISTRATIVE, REGISTRAR ANDTRANSFER AGENTDEPOTBANK, VERWALTUNGSSTELLE UNDTRANSFERSTELLERBC Dexia Investor Services Bank S.A.14, Porte de FranceL-4360 Esch-sur-AlzetteLuxembourgINVESTMENT ADVISERSANLAGEBERATERInsight Investment Management (Global) Limited33, Old Broad StreetLondon EC2N 1HZUnited KingdomScottish Widows Investment PartnershipEdinbourgh One,Morrison Street,Edinburgh EH3 8BEINDEPENDENT AUDITORABSCHLUSSPRÜFERPricewaterhouseCoopers S.à.r.l.400 route d’EschL-1014 LuxembourgLEGAL ADVISERRECHTSBERATERElvinger, Hoss & Prussen2, Place Winston Churchill, BP425L-2014 LuxembourgLuxembourgREGISTER OF COMMERCEHANDELSREGISTERUniverse, The CMI Global Network FundSociété d’Investissement à Capital VariableR.C.S. Luxembourg B 33 463UK REPRESENTATIVEVERTRETUNG IN GROßBRITANNIENClerical Medical Financial Services Limited33 Old Broad StreetLondon EC2N 1HZEngland3

Universe, The CMI Global Network FundTHE IRISH REPRESENTATIVEVERTRETUNG IN IRLANDCMI Asset Management (Luxembourg) S.A.Representative OfficeClifton HouseLower Fitzwilliam StreetDublin 2Republic of Ireland4

Universe, The CMI Global Network FundDirectors’ Report to ShareholdersThe Directors are pleased to present the Semi-Annual Report and Financial Statements for Universe, The CMIGlobal Network Fund (“The Fund”) for the half-year ended 31st March 2010.DISTRIBUTION STATUSThe Fund has been approved for UK and Irish Distribution status for half-year ended 31st March 2010.DISTRIBUTIONSA distribution was declared on 1 October 2009 for all shareholders of those sub-fund classes with netdistributable income as at 30 September 2009.DIRECTORSThe Directors of the Fund holding office at the year-end are set out on page 2.CHANGE OF ADDRESSPlease note that the registered address of the management company has changed to:40 Avenue Monterey,L-2163 LuxembourgUniverse, The CMI Global Network FundBoard of DirectorsLuxembourg, 20 May 2010The Fund may change its asset allocation in real equity investments when it receives first investments from shareholders.5

Universe, The CMI Global Network FundBericht des Verwaltungsrates an die AktionäreDer Verwaltungsrat ist erfreut, Ihnen den Halbjahresbericht und die Finanzaufstellungen für Universe, The CMIGlobal Network Fund (der Fonds) für das zum 31. März 2010 endende Halbjahr vorstellen zu können.STATUS DER AUSSCHÜTTUNG.Der Fonds hat den Status “Ausschüttung für Grossbritannien und Irland” für das am 31. März 2010 endendeHalbjahr erhalten.AUSSCHÜTTUNGENAm 1. Oktober 2009 wurde eine Ausschüttung für alle Aktionäre der Teilfonds Klassen mit ausschüttbaremNettogewinn zum 30. September 2009 deklariert.VERWALTUNGSRATSMITGLIEDERDie Mitglieder des Verwaltungsrates des Fonds zum Ende der Geschäftsperiode sind auf der Seite 2 erwähnt.ADRESSÄNDERUNGDie Adresse des Gesellschaftssitzes der Verwaltungsgesellschaft hat wie folgt geändert:40 Avenue Monterey,L-2163 LuxembourgUniverse, The CMI Global Network FundDer VerwaltungsratLuxemburg, den 20. Mai 2010Der Fonds kann eine Änderung der Portfolio-Strukturierung bei Real-Equity-Anlagen vornehmen, wenn er erstmals Anlagen von Aktionäre erhält.6

Universe, The CMI Global Network FundStatement of Net Assetsas at 31 March 2010Nettovermögensaufstellungzum 31. März 2010Total-Total CMI Continental CMI German CMI JapanEuropean Equity Equity Enhanced EquityNote EUR EUR EUR JPYASSETSVERMÖGENInvestment portfolio at market value Wertpapierbestand zum Marktwert 4,890,592,683 1,344,665,321 4,228,990 8,284,485,066Cash at bank Bankguthaben 153,602,607 55,100,760 59,799 125,324,980Amounts receivable on sale of investments Forderungen aus Wertpapierverkäufen 112,588,223 5,477,612 121,609 –Amounts receivable on subscriptions Forderungen aus Zeichnungen 1,125,074 18,125 – 142,968Forderungen aus Zinsen undInterest and dividends receivable, net Dividenden, netto 47,620,265 1,200,718 – 71,688,352Prepaid expenses Forderungen aus Abgrenzungsposten 12 5,165,801 2,689,331 8,458 14,912,073Nicht realisierter Gewinn ausNet unrealised profit on futures Finanztermingeschäften 10 252,442 – – 6,988,730Other assets Sonstige Aktiva 19,098 3,934 – –5,210,966,192 1,409,155,801 4,418,856 8,503,542,169LIABILITIESVERBINDLICHKEITENOverdraft Bankverbindlichkeiten (103,214) (971) – (1,130,378)Nicht realisierter Verlust ausNet unrealised loss on futures Finanztermingeschäften 10 (240) – – –Other liabilites Sonstige Verbindlichkeiten (127,979,697) (3,697,614) (70,252) (25,482,121)(128,083,151) (3,698,585) (70,252) (26,612,499)TOTAL NET ASSETS NETTOVERMÖGEN INSGESAMT 5,082,883,042 1,405,457,216 4,348,604 8,476,929,670TOTAL NET ASSETS (EUR) NETTOVERMÖGEN INSGESAMT (EUR) 5,082,883,042 1,405,457,216 4,348,604 67,410,656Statement of Changes in Number of Shares OutstandingFor the period ended 31 March 2010Veränderungen der sich im Umlauf befindlichen AktienFür das am 31. März 2010 endende BerichtsperiodeShares OutstandingAktien im Umlaufat 30 September 2009 am 30. September 2009 67,854,330 104,500 2,075,825Subscriptions during the year Ausgegebene Aktien 4,148,957 7,495 1,016,907Redemptions during the year Zurückgenommene Aktien (6,932,525) (7,848) (185,002)Shares OutstandingAktien im Umlaufat 31 March 2010* am 31. März 2010* 65,070,762 104,147 2,907,730Class 1 Shares Outstanding Anteilsklasse 1 Aktien im Umlauf 707,739 67,418 74,301Net asset value per share Class 1 Nettoinventarwert pro Anteilsklasse 1 21.442 41.510 2,859Class 2 Shares Outstanding Anteilsklasse 2 Aktien im Umlauf 240,423 27,923 24,986Net asset value per share Class 2 Nettoinventarwert pro Anteilsklasse 2 21.570 41.770 2,915Class 3 Shares Outstanding Anteilsklasse 3 Aktien im Umlauf 64,064,245 – 2,798,253Net asset value per share Class 3 Nettoinventarwert pro Anteilsklasse 3 21.600 – 2,917Class 7 Shares Outstanding Anteilsklasse 7 Aktien im Umlauf 58,354 8,806 10,190Net asset value per share Class 7 Nettoinventarwert pro Anteilsklasse 7 22.419 43.571 2,945* Any differences in the number of shares outstanding are the result of roundings.* Abweichungen der umlaufenden Anteile resultieren aus Rundungen.The accompanying notes form an integral part of these financial statements.Die Erläuterungen im Anhang sind integraler Bestandteil dieses Berichtes.7

Universe, The CMI Global Network FundCMI Pacific Basin CMI US Enhanced CMI UK Equity Euro Equity Index Japan Equity Index UK Equity Index US Equity Index CMI Euro Bond CMIG Fixed TermEnhanced EquityEquityTrackingTracking Tracking TrackingEuro BondUSD USD GBP EUR JPY GBP USD EUR EUR92,729,544 461,519,192 113,701,592 20,221,160 1,545,985,313 55,581,613 43,300,445 1,540,889,001 225,224,1391,097,189 3,771,708 2,972,910 84,779 17,624,644 974,364 1,151,663 6,524,814 481,823– – 1,266,882 – – 17,383 – 52,287,769 –30,605 10,652 1,415 4,361 302,546 39,248 16,024 4,425 –325,816 511,388 409,178 10,222 13,216,048 242,348 44,195 37,902,063 4,299,739324,528 923,038 142,127 40,442 2,782,774 69,477 86,601 – –32,889 46,530 – 1,350 635,339 10,318 22,570 – –– – – 6,369 – – – – –94,540,571 466,782,508 118,494,104 20,368,683 1,580,546,664 56,934,751 44,621,498 1,637,608,072 230,005,701(9,505) – – – – – – – –– – – – – – – – –(133,333) (104,507) (46,791) (10,165) (4,199,446) (271,447) (29,547) (52,625,392) (41,216)(142,838) (104,507) (46,791) (10,165) (4,199,446) (271,447) (29,547) (52,625,392) (41,216)94,397,733 466,678,001 118,447,313 20,358,518 1,576,347,218 56,663,304 44,591,951 1,584,982,680 229,964,48570,124,231 346,676,077 133,163,625 20,358,518 12,535,506 63,703,353 33,125,544 1,584,982,680 229,964,4852,608,072 10,756,402 8,338,968 1,226,739 2,954,134 5,223,066 1,350,856 34,021,581 5,478,181179,963 980,221 3,732,430 35,671 133,827 224,074 35,689 2,559,787 516,130(441,025) (1,295,146) (884,611) (49,294) (172,924) (1,031,706) (34,434) (353,528) (626,862)2,347,010 10,441,477 11,186,787 1,213,116 2,915,037 4,415,434 1,352,111 36,227,840 5,367,449586,600 213,717 1,414,874 590,502 2,587,196 3,320,735 990,551 75,742 –39.892 44.119 10.526 16.774 541 12.819 32.950 43.273 –291,606 60,178 269,392 314,279 182,912 598,779 225,470 63,936 –40.106 44.657 10.584 16.812 541 12.848 33.021 43.718 –1,279,496 10,138,284 9,494,713 292,851 144,929 476,335 122,916 36,022,591 5,367,44940.148 44.705 10.597 16.817 541 12.857 33.027 43.744 42.844189,307 29,298 7,809 15,484 – 19,585 13,174 65,571 –41.903 45.283 11.223 15.824 – 14.155 34.048 47.852 –* Any differences in the number of shares outstanding are the result of roundings.* Abweichungen der umlaufenden Anteile resultieren aus Rundungen.The accompanying notes form an integral part of these financial statements.Die Erläuterungen im Anhang sind integraler Bestandteil dieses Berichtes.8

Universe, The CMI Global Network FundCMI Japan Bond CMI UK Bond CMI US Bond CMIG Fixed Term US CMI Sterling CMI US Dollar CMI Euro Currency CMI Global Bond CMI Global MixedBond Currency Reserve Currency ReserveReserveJPY GBP USD USD GBP USD EUR GBP GBP788,277,097 32,690,649 207,025,702 386,611 77,274,032 25,980,312 192,227,400 14,210,227 50,486,5974,535,457 241,822 340,918 12,055 10,176,000 3,836,452 16,632,001 101,730 930,649– – 6,159,743 – – – – 769,885 725,86218,648 539 806 – – – 265,000 – –767,013 178,920 1,432,060 2,685 205,342 6,442 224,448 118,641 193,967– – – – – – – – 88,352– – – – – – – – –– – – – – – – – 3,093793,598,215 33,111,930 214,959,229 401,351 87,655,374 29,823,206 209,348,849 15,200,483 52,428,520– – – – (11,367) – (1,061) (64,199) –– – – – – – – – –(393,137) (16,685) (6,190,075) (2,837) (619,901) (1,009,417) (218,921) (813,478) (850,953)(393,137) (16,685) (6,190,075) (2,837) (631,268) (1,009,417) (219,982) (877,677) (850,953)793,205,078 33,095,245 208,769,154 398,514 87,024,106 28,813,789 209,128,867 14,322,806 51,577,5676,307,764 37,207,115 155,086,100 296,040 97,836,288 21,404,590 209,128,867 16,102,322 57,985,746502,494 4,633,063 15,843,782 21,700 18,054,241 2,756,431 6,775,642 9,991,209 28,436,7232,857 571,678 1,409,527 493 2,539,925 805,943 4,079,979 616,964 765,806(27,043) (517,331) (583,102) (14,491) (3,128,348) (690,805) (2,680,691) (1,283,065) (1,071,214)478,308 4,687,410 16,670,207 7,702 17,465,818 2,871,569 8,174,930 9,325,108 28,131,31527,868 2,384,080 300,233 – 14,016,432 340,706 11,485 9,085,572 27,097,3641,653 7.049 12.466 – 4.981 9.943 25.507 1.536 1.8336,234 534,794 105,435 – 2,949,449 593,535 525,043 239,535 1,033,9511,658 7.069 12.513 – 4.990 9.958 25.551 1.547 1.845444,206 1,768,537 16,255,620 7,702 499,937 1,915,500 7,488,933 – –1,659 7.074 12.520 51.740 4.990 9.962 25.560 – –– – 8,920 – – 21,828 149,468 – –– – 21.362 – – 19.871 26.794 – –* Any differences in the number of shares outstanding are the result of roundings.* Abweichungen der umlaufenden Anteile resultieren aus Rundungen.The accompanying notes form an integral part of these financial statements.Die Erläuterungen im Anhang sind integraler Bestandteil dieses Berichtes.9

Universe, The CMI Global Network FundCMI Global Equity CMIG Access 80% CMI European Enhanced Access 80% Guaranteed CMIG Access 70% CMIG Access 80% CMIG Access 90%EquityFlexibleFlexibleFlexibleGBP EUR EUR EUR EUR EUR EUR16,095,164 364,232,424 9,462,767 2,252,168 12,343,977 58,561,694 9,795,402552,012 33,602,950 263,167 431,978 1,315,646 8,865,172 3,551,190– 44,200,000 – 100,000 500,000 1,700,000 500,000– – – – – 405,000 335,00035,313 6,180 4,815 115 1,820 7,884 –40,238 728,465 18,926 4,504 24,688 117,123 19,591– 17,500 3,600 – 12,260 64,800 4,940178 1,321 417 – 610 2,770 –16,722,905 442,788,840 9,753,692 2,788,765 14,199,001 69,724,443 14,206,123– (68) (109) – – – –– – – (240) – – –(30,652) (45,176,325) (6,244) (386,596) (3,666,992) (11,711,500) (1,601,230)(30,652) (45,176,393) (6,353) (386,836) (3,666,992) (11,711,500) (1,601,230)16,692,253 397,612,447 9,747,339 2,401,929 10,532,009 58,012,943 12,604,89318,766,157 397,612,447 9,747,339 2,401,929 10,532,009 58,012,943 12,604,8939,209,946 18,562,778 402,340 277,604 771,723 3,630,737 625,898580,261 340,423 38,185 106,091 1,150,157 7,258,779 1,962,045(821,767) (2,078,030) (2,446) – (28,179) (49,832) (145,563)8,968,440 16,825,171 438,079 383,695 1,893,701 10,839,684 2,442,3808,324,411 – – 383,695 – – –1.860 – – 6.260 – – –644,028 – – – – – –1.871 – – – – – –– – – – – – –– – – – – – –– 16,825,171 438,079 – 1,893,701 10,839,684 2,442,380– 23.632 22.250 – 5.562 5.352 5.161* Any differences in the number of shares outstanding are the result of roundings.* Abweichungen der umlaufenden Anteile resultieren aus Rundungen.The accompanying notes form an integral part of these financial statements.Die Erläuterungen im Anhang sind integraler Bestandteil dieses Berichtes.10

Universe, The CMI Global Network FundStatement of Operations and Changes in Net AssetsFor the period ended 31 March 2010Aufwands- und Ertragsrechnung und Veränderung des NettovermögensFür die am 31. März 2010 endende BerichtsperiodeNET ASSETS AT THE BEGINNING OF THEPERIODNoteCMI Continental CMI German CMI Japan Enhanced CMI Pacific BasinTotal-Total European Equity EquityEquity Enhanced EquityEUR EUR EUR JPY USDNETTOVERMÖGEN ZU BEGINN DESBERICHTSPERIODE 4,879,569,182 1,423,054,622 4,177,283 5,609,902,993 98,435,675INCOMEERTRÄGEDividends, net Dividenden aus Wertpapierbestand, netto 16,270,765 8,683,119 9,727 67,475,641 749,440Interest on bonds, net Zinsen aus Anleihen, netto 40,677,003 – 7 – –Bank interest Zinsen aus Bankguthaben 87,313 11 – 21 1,552Other income Sonstige Erträge 6 889,702 666,251 2,194 654,863 7,851Income Equalisation Ertragsausgleich 455,221 – 566 – –TOTAL INCOME ERTRÄGE INSGESAMT 58,380,004 9,349,381 12,494 68,130,525 758,843EXPENSESAUFWENDUNGENManagement fees Verwaltungsvergütung 3 (4,166,105) (858,651) (18,948) (4,632,171) 133,273Custodian fees, domiciliation,administration and transfer agent feesAudit, printing and publication expensesDepotbankgebühren,Buchführungsgebühren undTransferkosten (396,427) (133,574) (780) (1,349,311) 46,990Revisionskosten, Druck- undVeröffentlichungskosten (131,935) (34,528) (105) (197,028) 2,526Taxe d’abonnement Taxe d’Abonnemen 4 (306,630) (72,873) (779) (440,936) 9,586Bank Charges Bankspesen (66,171) (12,847) (38) (20,051) 5,214Other Charges Sonstige Aufwendungen (134,111) (20,427) (5,969) (206,788) 2,502Expenses Equalisation Ertragsausgleich (505,758) (26,307) – (2,769,834) 25,743TOTAL EXPENSES AUFWENDUNGEN INSGESAMT (5,707,137) (1,159,207) (26,619) (9,616,119) 225,834NET INCOME / (LOSS) FROMINVESTMENTSNet realised gain/(loss) on sale ofinvestmentsNet realised gain/(loss) on futuresNet realised gain/(loss) on foreignexchangeNETTOERTRAG / NETTOAUFWAND AUSANLAGEN 52,672,867 8,190,174 (14,125) 58,514,406 533,009Realisierter Nettogewinn / (-verlust) ausWertpapierverkäufen 32,979,721 (1,609,854) (154,126) (382,276,078) 2,340,134Realisierter Nettogewinn / (-verlust) ausFinanztermingeschäften 966,647 – – (7,869,281) 65,589Realisierter Nettogewinn / (-verlust) ausDevisengeschäften (65,062) 61,469 – (4) (11,883)NET REALISED PROFIT/(LOSS) REALISIERTER NETTOGEWINN / (- VERLUST) 86,554,173 6,641,789 (168,251) (331,630,957) 2,926,849Change in net unrealisedappreciation/(depreciation) oninvestmentsChange in net unrealisedappreciation/(depreciation) on futuresVeränderung des nicht realisiertenGewinnes / (Verlustes) aus Wertpapieren 92,894,312 70,479,151 450,253 1,029,337,556 4,813,114Veränderung des nicht realisiertenGewinnes / (Verlustes) ausFinanztermingeschäften (18,640) – – 14,386,730 23,161Change in net unrealisedappreciation/(depreciation) on foreignexchange Missing German text 45,971 – – – –Change in net unrealisedappreciation/(depreciation) on capital gaintaxVeränderung des nicht realisiertenGewinnes / (Verlustes) ausKapitalgewinnsteuer 11,030 – – – (10,110)NET INCREASE/(DECREASE) IN NETASSETS AS A RESULT OF OPERATIONSEVOLUTION OF THE CAPITALNETTOERHÖHUNG/NETTOVERMINDERUNG DES NETTOVERMÖGENS 179,486,846 77,120,940 282,002 712,093,329 7,753,014ENTWICKLUNG DES FONDSVERMÖGENSSubscriptions of shares Zeichnungen von Aktien 532,559,247 84,900,699 292,234 2,718,120,211 6,996,713Redemptions of shares Rückzahlungen von Aktien (430,869,826) (144,084,562) (310,013) (485,763,152) (17,023,562)Net notional commission Fiktive Provision 12 1,791 (104,075) 137 5,297,569 (6,587)Dividends distributed Dividendenausschüttung 5 (138,760,866) (35,456,715) (92,473) (85,491,114) (1,783,263)Currency Translation Währungsdifferenz 60,846,131 – – – –Income Equalisation Ertragsausgleich 50,537 26,307 (566) 2,769,834 25,743NET ASSETS AT THE END OF THEPERIODNETTOVERMÖGEN AM ENDE DESBERICHTSPERIODE 5,082,883,042 1,405,457,216 4,348,604 8,476,929,670 94,397,733The accompanying notes form an integral part of these financial statements.Die Erläuterungen im Anhang sind integraler Bestandteil dieses Berichtes.11

Universe, The CMI Global Network FundCMI US EnhancedEquityUSDCMI UK EquityGBPEuro Equity IndexTrackingEURJapan Equity IndexTrackingJPYUK Equity IndexTrackingGBPUS Equity IndexTrackingUSDCMI Euro BondEURCMIG Fixed TermEuro BondEUR438,314,605 82,841,234 20,771,486 1,484,271,525 62,231,789 40,524,636 1,527,440,321 241,810,3903,422,306 1,582,672 126,814 11,723,845 848,884 298,189 – –– – – – – – 30,245,692 4,829,0381 6,876 25 – (169) – 10 2531,330 10,335 13,663 162,819 4,055 1,656 53,035 44,637– 174,137 – 50,645 – – 174,781 –3,453,637 1,774,020 140,502 11,937,309 852,770 299,845 30,473,518 4,873,700(297,381) (141,902) (31,750) (3,332,589) (114,016) (85,479) (908,209) (137,231)(23,846) (4,979) (4,209) (267,023) (4,378) (5,028) (65,902) (9,972)(12,822) (2,742) (496) (39,474) (1,415) (1,204) (39,553) (6,007)(25,811) (8,639) (3,034) (345,791) (11,126) (8,547) (79,325) (11,779)(399) (251) (296) (16,621) (1,052) (4) (23,169) (2,895)(18,346) (14,646) (368) (113,394) (1,092) (1,989) (23,974) (3,741)(163,777) – (1,811) – (16,307) (513) – (209,248)(542,382) (173,159) (41,964) (4,114,892) (149,386) (102,764) (1,140,132) (380,873)2,911,255 1,600,861 98,538 7,822,417 703,384 197,081 29,333,386 4,492,827(2,618,257) (2,844,859) (221,234) (27,847,251) 1,526,355 101,376 34,161,024 456,0491,055,595 – 4,485 3,082,439 156,711 76,738 – –– (402) – – 465 – – –1,348,593 (1,244,400) (118,211) (16,942,395) 2,386,915 375,195 63,494,410 4,948,87648,345,871 11,340,159 562,126 145,238,429 3,479,492 4,084,886 (41,195,570) (2,632,529)(33,587) – (10,430) 795,339 (29,243) 14,645 – –– – – – 54 – – –– – – – – – – –49,660,877 10,095,759 433,485 129,091,373 5,837,218 4,474,726 22,298,840 2,316,34740,793,669 36,843,798 581,097 65,436,918 2,639,040 1,099,373 110,893,876 21,909,778(56,006,408) (8,720,954) (814,375) (85,428,156) (12,167,323) (1,074,747) (15,330,907) (26,703,500)69,473 39,592 52 200,750 (6,489) 7,728 – –(6,317,992) (2,477,979) (615,038) (17,174,547) (1,887,238) (440,278) (60,144,669) (9,577,778)– – – – – – – –163,777 (174,137) 1,811 (50,645) 16,307 513 (174,781) 209,248466,678,001 118,447,313 20,358,518 1,576,347,218 56,663,304 44,591,951 1,584,982,680 229,964,485The accompanying notes form an integral part of these financial statements.Die Erläuterungen im Anhang sind integraler Bestandteil dieses Berichtes.12

Universe, The CMI Global Network FundCMI Japan BondJPYCMI UK BondGBPCMI US BondUSDCMIG Fixed TermUS BondUSDCMI SterlingCurrency ReserveGBPCMI US DollarCurrency ReserveUSDCMI Euro CurrencyReserveEURCMI Global BondGBP840,680,912 34,083,274 207,120,121 1,150,070 91,761,702 27,718,824 177,228,129 15,494,230– – – – – – – –5,183,877 667,815 3,005,776 11,898 369,952 37,868 837,418 231,1552 30 12 – 30,814 5,935 30,144 13– – 7,471 12 – 1,385 4,087 143– – 33,747 – – 436 842 –5,183,879 667,845 3,047,006 11,910 400,766 45,624 872,491 231,311(625,135) (76,045) (132,019) (446) (195,360) (24,947) (125,713) (92,647)(98,590) (3,399) (6,353) (182) (6,028) (4,126) (12,105) (4,058)(20,156) (840) (6,251) (22) (2,253) (856) (5,137) (372)(48,689) (5,037) (11,163) (28) (4,407) (1,397) (10,537) (3,561)(10,847) (10) (8,773) (27) (299) (2,726) (4,113) (411)(3,626) (1,919) (3,087) (8) (3,600) (246) (8,030) (151)(77,418) (15,226) – (5,472) (5,425) – – (8,645)(884,461) (102,476) (167,646) (6,185) (217,372) (34,298) (165,635) (109,845)4,299,418 565,369 2,879,360 5,725 183,394 11,326 706,856 121,4668,217,655 321,717 1,226,037 (27,124) 335,953 178,198 917,402 1,085,350– – – – – – – –(1) – – – – (5) – (20,172)12,517,072 887,086 4,105,397 (21,399) 519,347 189,519 1,624,258 1,186,644(10,341,720) (1,076,322) (5,585,738) 17,972 (53,089) (648) (126,059) (1,081,447)– – – – – – – –– – – – – – – 6,973– – – – – – – –2,175,352 (189,236) (1,480,341) (3,427) 466,258 188,871 1,498,199 112,1704,735,281 4,073,941 17,805,894 25,507 12,634,103 8,179,545 103,982,501 931,973(45,054,186) (3,648,972) (7,403,821) (755,600) (15,561,049) (6,946,250) (68,361,698) (1,952,896)– – – – – – – –(9,409,699) (1,238,988) (7,238,952) (23,508) (2,282,333) (326,765) (5,217,422) (271,316)– – – – – – – –77,418 15,226 (33,747) 5,472 5,425 (436) (842) 8,645793,205,078 33,095,245 208,769,154 398,514 87,024,106 28,813,789 209,128,867 14,322,806The accompanying notes form an integral part of these financial statements.Die Erläuterungen im Anhang sind integraler Bestandteil dieses Berichtes.13

Universe, The CMI Global Network FundCMI Global MixedGBPCMI GlobalEquityGBPCMIG Access80%EURCMI EuropeanEnhanced EquityEURAccess 80%GuaranteedEURCMIG Access80% AustrianEURCMIG Access70% FlexibleEURCMIG Access80% FlexibleEURCMIG Access90% FlexibleEUR48,872,526 15,587,470 443,130,645 9,054,745 1,786,380 2,825,919 4,416,544 19,761,191 3,251,239268,556 120,967 117,112 59,208 6,367 – 27,771 109,775 8,945208,176 – 789,043 – – 4,126 – – –101 17 5,313 – 106 – 250 2,678 8169,240 2,096 17,096 6,319 43 9,858 10 – –– 704 – 2,133 – – 4,854 45,223 4,462486,073 123,784 928,564 67,660 6,516 13,984 32,885 157,676 14,223(296,432) (91,680) (315,358) (6,871) (19,355) (1,288) (5,635) (29,467) (5,641)(9,229) (5,976) (22,224) (3,423) (1,754) – (6,332) (10,901) (4,564)(1,280) (409) (10,463) (231) (55) (22) (1,426) (2,350) (1,462)(12,122) (3,825) (20,490) (485) (524) (128) (440) (2,343) (484)(304) (80) (5,964) (184) (2) (85) (16) (704) (39)(1,942) (872) (18,838) (316) (38) (741) (270) (2,007) (139)(792) – (45,774) – (2,584) – – – –(322,101) (102,842) (439,111) (11,510) (24,312) (2,264) (14,119) (47,772) (12,329)163,972 20,942 489,453 56,150 (17,796) 11,720 18,766 109,904 1,8941,838,671 335,059 (525,105) (60,464) 9,418 4,997 (191,371) (364,458) (59,266)– – (22,130) 20,050 129 – (2,247) (66,332) 4,690(65,093) (19,488) (1) (1) – – (1) – –1,937,550 336,513 (57,783) 15,735 (8,249) 16,717 (174,853) (320,886) (52,682)1,795,775 1,258,231 390,402 181,012 (51,401) (4,491) (48,008) (375,431) 10,184– – (129,070) (8,180) (3,960) – 6,060 34,110 1,84031,546 2,313 2 3 – – – – –8,322 8,169 – – – – – – –3,773,193 1,605,226 203,551 188,570 (63,610) 12,226 (216,801) (662,207) (40,658)1,338,588 1,030,279 8,037,937 829,068 675,000 – 6,474,999 39,145,000 10,140,000(1,853,154) (1,406,409) (49,085,000) (50,000) – (2,838,145) (155,000) (270,000) (755,000)3,684 1,840 (152,523) 1,941 1,575 – 17,121 84,182 13,774(558,062) (125,449) (4,567,937) (274,852) – – – – –– – – – – – – – –792 (704) 45,774 (2,133) 2,584 – (4,854) (45,223) (4,462)51,577,567 16,692,253 397,612,447 9,747,339 2,401,929 – 10,532,009 58,012,943 12,604,893The accompanying notes form an integral part of these financial statements.Die Erläuterungen im Anhang sind integraler Bestandteil dieses Berichtes.14

Universe, The CMI Global Network FundThree Year SummaryDrei-Jahres- ÜbersichtCMI ContinentalEuropean EquityEURCMI GermanEquityEURCMI Japan EnhancedEquityJPYCMI Pacific BasinEnhanced EquityUSDas at 31 March 2010 zum 31. März 2010Net assets (000’s) Fondsvermögens (in Tausend) 1,405,457 4,349 8,476,930 94,398Net Asset Value per Share Class 1 Nettoinventarwert pro Anteilsklasse 1 21.442 41.510 2,859 39.892Net Asset Value per Share Class 2 Nettoinventarwert pro Anteilsklasse 2 21.570 41.770 2,915 40.106Net Asset Value per Share Class 3 Nettoinventarwert pro Anteilsklasse 3 21.600 – 2,917 40.148Net Asset Value per Share Class 7 Nettoinventarwert pro Anteilsklasse 7 22.419 43.571 2,945 41.903as at 30 September 2009 zum 30. September 2009Net assets (000’s) Fondsvermögens (in Tausend) 1,423,055 4,177 5,609,903 98,436Net Asset Value per Share Class 1 Nettoinventarwert pro Anteilsklasse 1 20.743 39.727 2,643 37.435Net Asset Value per Share Class 2 Nettoinventarwert pro Anteilsklasse 2 20.930 40.110 2,702 37.679Net Asset Value per Share Class 3 Nettoinventarwert pro Anteilsklasse 3 20.974 – 2,705 37.729Net Asset Value per Share Class 7 Nettoinventarwert pro Anteilsklasse 7 21.766 41.865 2,731 39.375as at 30 September 2008 zum 30. September 2008Net assets (000’s) Fondsvermögens (in Tausend) 1,271,859 3,962 6,635,210 72,517Net Asset Value per Share Class 1 Nettoinventarwert pro Anteilsklasse 1 20.167 40.382 3,208 31.171Net Asset Value per Share Class 2 Nettoinventarwert pro Anteilsklasse 2 20.400 40.863 3,284 31.448Net Asset Value per Share Class 3 Nettoinventarwert pro Anteilsklasse 3 20.455 – 3,289 31.508Net Asset Value per Share Class 7 Nettoinventarwert pro Anteilsklasse 7 21.224 42.667 3,320 32.868CMI US EnhancedEquityUSDCMI UK EquityGBPEuro Equity IndexTrackingEURJapan Equity IndexTrackingJPYas at 31 March 2010 zum 31. März 2010Net assets (000’s) Fondsvermögens (in Tausend) 466,678 118,447 20,359 1,576,347Net Asset Value per Share Class 1 Nettoinventarwert pro Anteilsklasse 1 44.119 10.526 16.774 541Net Asset Value per Share Class 2 Nettoinventarwert pro Anteilsklasse 2 44.657 10.584 16.812 541Net Asset Value per Share Class 3 Nettoinventarwert pro Anteilsklasse 3 44.705 10.597 16.817 541Net Asset Value per Share Class 7 Nettoinventarwert pro Anteilsklasse 7 45.283 11.223 15.824 –as at 30 September 2009 zum 30. September 2009Net assets (000’s) Fondsvermögens (in Tausend) 438,315 82,841 20,771 1,484,272Net Asset Value per Share Class 1 Nettoinventarwert pro Anteilsklasse 1 40.129 9.848 16.910 502Net Asset Value per Share Class 2 Nettoinventarwert pro Anteilsklasse 2 40.702 9.933 16.969 503Net Asset Value per Share Class 3 Nettoinventarwert pro Anteilsklasse 3 40.762 9.953 16.978 503Net Asset Value per Share Class 7 Nettoinventarwert pro Anteilsklasse 7 41.284 10.538 15.973 –as at 30 September 2008 zum 30. September 2008Net assets (000’s) Fondsvermögens (in Tausend) 430,188 73,516 19,980 1,828,012Net Asset Value per Share Class 1 Nettoinventarwert pro Anteilsklasse 1 42.067 9.126 17.401 608Net Asset Value per Share Class 2 Nettoinventarwert pro Anteilsklasse 2 42.704 9.227 17.477 610Net Asset Value per Share Class 3 Nettoinventarwert pro Anteilsklasse 3 42.776 9.250 17.490 610Net Asset Value per Share Class 7 Nettoinventarwert pro Anteilsklasse 7 43.320 9.793 16.450 –UK Equity IndexTrackingGBPUS Equity IndexTrackingUSDCMI Euro BondEURCMIG Fixed TermEuro BondEURas at 31 March 2010 zum 31. März 2010Net assets (000’s) Fondsvermögens (in Tausend) 56,663 44,592 1,584,983 229,964Net Asset Value per Share Class 1 Nettoinventarwert pro Anteilsklasse 1 12.819 32.950 43.273 –Net Asset Value per Share Class 2 Nettoinventarwert pro Anteilsklasse 2 12.848 33.021 43.718 –Net Asset Value per Share Class 3 Nettoinventarwert pro Anteilsklasse 3 12.857 33.027 43.744 42.844Net Asset Value per Share Class 7 Nettoinventarwert pro Anteilsklasse 7 14.155 34.048 47.852 –as at 30 September 2009 zum 30. September 2009Net assets (000’s) Fondsvermögens (in Tausend) 62,232 40,525 1,527,440 241,810Net Asset Value per Share Class 1 Nettoinventarwert pro Anteilsklasse 1 11.901 29.965 44.273 –Net Asset Value per Share Class 2 Nettoinventarwert pro Anteilsklasse 2 11.943 30.063 44.843 –Net Asset Value per Share Class 3 Nettoinventarwert pro Anteilsklasse 3 11.954 30.076 44.893 44.141Net Asset Value per Share Class 7 Nettoinventarwert pro Anteilsklasse 7 13.160 31.002 49.101 –as at 30 September 2008 zum 30. September 2008Net assets (000’s) Fondsvermögens (in Tausend) 57,366 47,879 1,644,864 308,478Net Asset Value per Share Class 1 Nettoinventarwert pro Anteilsklasse 1 11.001 31.116 41.551 –Net Asset Value per Share Class 2 Nettoinventarwert pro Anteilsklasse 2 11.046 31.243 41.784 –Net Asset Value per Share Class 3 Nettoinventarwert pro Anteilsklasse 3 11.050 31.262 41.832 42.641Net Asset Value per Share Class 7 Nettoinventarwert pro Anteilsklasse 7 12.172 32.220 45.751 –The accompanying notes form an integral part of these financial statements.Die Erläuterungen im Anhang sind integraler Bestandteil dieses Berichtes.15

Universe, The CMI Global Network FundCMI Japan BondJPYCMI UK BondGBPCMI US BondUSDCMIG Fixed Term USBondUSDas at 31 March 2010 zum 31. März 2010Net assets (000’s) Fondsvermögens (in Tausend) 793,205 33,095 208,769 399Net Asset Value per Share Class 1 Nettoinventarwert pro Anteilsklasse 1 1,653 7.049 12.466 –Net Asset Value per Share Class 2 Nettoinventarwert pro Anteilsklasse 2 1,658 7.069 12.513 –Net Asset Value per Share Class 3 Nettoinventarwert pro Anteilsklasse 3 1,659 7.074 12.520 51.740Net Asset Value per Share Class 7 Nettoinventarwert pro Anteilsklasse 7 – – 21.362 –as at 30 September 2009 zum 30. September 2009Net assets (000’s) Fondsvermögens (in Tausend) 840,681 34,083 207,120 1,150Net Asset Value per Share Class 1 Nettoinventarwert pro Anteilsklasse 1 1,662 7.334 12.968 –Net Asset Value per Share Class 2 Nettoinventarwert pro Anteilsklasse 2 1,672 7.374 13.052 –Net Asset Value per Share Class 3 Nettoinventarwert pro Anteilsklasse 3 1,674 7.383 13.067 52.998Net Asset Value per Share Class 7 Nettoinventarwert pro Anteilsklasse 7 – – 22.292 –as at 30 September 2008 zum 30. September 2008Net assets (000’s) Fondsvermögens (in Tausend) 860,551 36,998 248,535 4,398Net Asset Value per Share Class 1 Nettoinventarwert pro Anteilsklasse 1 1,631 6.955 12.634 –Net Asset Value per Share Class 2 Nettoinventarwert pro Anteilsklasse 2 1,641 6.994 12.707 –Net Asset Value per Share Class 3 Nettoinventarwert pro Anteilsklasse 3 1,643 7.002 12.722 54.882Net Asset Value per Share Class 7 Nettoinventarwert pro Anteilsklasse 7 – – 21.703 –CMI SterlingCurrency ReserveGBPCMI US DollarCurrency ReserveUSDCMI Euro CurrencyReserveEURCMI Global BondGBPas at 31 March 2010 zum 31. März 2010Net assets (000’s) Fondsvermögens (in Tausend) 87,024 28,814 209,129 14,323Net Asset Value per Share Class 1 Nettoinventarwert pro Anteilsklasse 1 4.981 9.943 25.507 1.536Net Asset Value per Share Class 2 Nettoinventarwert pro Anteilsklasse 2 4.990 9.958 25.551 1.547Net Asset Value per Share Class 3 Nettoinventarwert pro Anteilsklasse 3 4.990 9.962 25.560 –Net Asset Value per Share Class 7 Nettoinventarwert pro Anteilsklasse 7 – 19.871 26.794 –as at 30 September 2009 zum 30. September 2009Net assets (000’s) Fondsvermögens (in Tausend) 91,762 27,719 177,228 15,494Net Asset Value per Share Class 1 Nettoinventarwert pro Anteilsklasse 1 5.079 9.978 26.034 1.550Net Asset Value per Share Class 2 Nettoinventarwert pro Anteilsklasse 2 5.097 10.008 26.119 1.569Net Asset Value per Share Class 3 Nettoinventarwert pro Anteilsklasse 3 5.097 10.014 26.136 –Net Asset Value per Share Class 7 Nettoinventarwert pro Anteilsklasse 7 – 19.973 27.393 –as at 30 September 2008 zum 30. September 2008Net assets (000’s) Fondsvermögens (in Tausend) 103,043 54,077 276,705 12,612Net Asset Value per Share Class 1 Nettoinventarwert pro Anteilsklasse 1 5.215 10.137 25.935 1.266Net Asset Value per Share Class 2 Nettoinventarwert pro Anteilsklasse 2 5.232 10.170 26.020 1.281Net Asset Value per Share Class 3 Nettoinventarwert pro Anteilsklasse 3 5.235 10.175 26.037 –Net Asset Value per Share Class 7 Nettoinventarwert pro Anteilsklasse 7 – 20.296 27.291 –CMI Global MixedGBPCMI Global EquityGBPCMIG Access 80%EURCMI EuropeanEnhanced EquityEURas at 31 March 2010 zum 31. März 2010Net assets (000’s) Fondsvermögens (in Tausend) 51,578 16,692 397,612 9,747Net Asset Value per Share Class 1 Nettoinventarwert pro Anteilsklasse 1 1.833 1.860 – –Net Asset Value per Share Class 2 Nettoinventarwert pro Anteilsklasse 2 1.845 1.871 – –Net Asset Value per Share Class 3 Nettoinventarwert pro Anteilsklasse 3 – – – –Net Asset Value per Share Class 7 Nettoinventarwert pro Anteilsklasse 7 – – 23.632 22.250as at 30 September 2009 zum 30. September 2009Net assets (000’s) Fondsvermögens (in Tausend) 48,873 15,587 443,131 9,055Net Asset Value per Share Class 1 Nettoinventarwert pro Anteilsklasse 1 1.718 1.691 – –Net Asset Value per Share Class 2 Nettoinventarwert pro Anteilsklasse 2 1.736 1.707 – –Net Asset Value per Share Class 3 Nettoinventarwert pro Anteilsklasse 3 – – – –Net Asset Value per Share Class 7 Nettoinventarwert pro Anteilsklasse 7 – – 23.872 22.505as at 30 September 2008 zum 30. September 2008Net assets (000’s) Fondsvermögens (in Tausend) 46,564 14,817 449,220 7,684Net Asset Value per Share Class 1 Nettoinventarwert pro Anteilsklasse 1 1.526 1.584 – –Net Asset Value per Share Class 2 Nettoinventarwert pro Anteilsklasse 2 1.543 1.601 – –Net Asset Value per Share Class 3 Nettoinventarwert pro Anteilsklasse 3 – – – –Net Asset Value per Share Class 7 Nettoinventarwert pro Anteilsklasse 7 – – 24.667 23.389The accompanying notes form an integral part of these financial statements.Die Erläuterungen im Anhang sind integraler Bestandteil dieses Berichtes.16

Universe, The CMI Global Network FundAccess 80%GuaranteedEURCMIG Access 80%AustrianEURCMIG Access 70%FlexibleEURCMIG Access 80%FlexibleEURas at 31 March 2010 zum 31. März 2010Net assets (000’s) Fondsvermögens (in Tausend) 2,402 – 10,532 58,013Net Asset Value per Share Class 1 Nettoinventarwert pro Anteilsklasse 1 6.260 – – –Net Asset Value per Share Class 2 Nettoinventarwert pro Anteilsklasse 2 – – – –Net Asset Value per Share Class 3 Nettoinventarwert pro Anteilsklasse 3 – – – –Net Asset Value per Share Class 7 Nettoinventarwert pro Anteilsklasse 7 – – 5.562 5.352as at 30 September 2009 zum 30. September 2009Net assets (000’s) Fondsvermögens (in Tausend) 1,786 2,826 4,417 19,761Net Asset Value per Share Class 1 Nettoinventarwert pro Anteilsklasse 1 6.435 – – –Net Asset Value per Share Class 2 Nettoinventarwert pro Anteilsklasse 2 – – – –Net Asset Value per Share Class 3 Nettoinventarwert pro Anteilsklasse 3 – – – –Net Asset Value per Share Class 7 Nettoinventarwert pro Anteilsklasse 7 – 16.739 5.723 5.443as at 30 September 2008 zum 30. September 2008Net assets (000’s) Fondsvermögens (in Tausend) 5,135 3,345 – –Net Asset Value per Share Class 1 Nettoinventarwert pro Anteilsklasse 1 5.102 – – –Net Asset Value per Share Class 2 Nettoinventarwert pro Anteilsklasse 2 – – – –Net Asset Value per Share Class 3 Nettoinventarwert pro Anteilsklasse 3 – – – –Net Asset Value per Share Class 7 Nettoinventarwert pro Anteilsklasse 7 – 16.725 – –CMIG Access 90%FlexibleEURas at 31 March 2010 zum 31. März 2010Net assets (000’s) Fondsvermögens (in Tausend) 12,605Net Asset Value per Share Class 1 Nettoinventarwert pro Anteilsklasse 1 –Net Asset Value per Share Class 2 Nettoinventarwert pro Anteilsklasse 2 –Net Asset Value per Share Class 3 Nettoinventarwert pro Anteilsklasse 3 –Net Asset Value per Share Class 7 Nettoinventarwert pro Anteilsklasse 7 5.161as at 30 September 2009 zum 30. September 2009Net assets (000’s) Fondsvermögens (in Tausend) 3,251Net Asset Value per Share Class 1 Nettoinventarwert pro Anteilsklasse 1 –Net Asset Value per Share Class 2 Nettoinventarwert pro Anteilsklasse 2 –Net Asset Value per Share Class 3 Nettoinventarwert pro Anteilsklasse 3 –Net Asset Value per Share Class 7 Nettoinventarwert pro Anteilsklasse 7 5.195as at 30 September 2008 zum 30. September 2008Net assets (000’s) Fondsvermögens (in Tausend) –Net Asset Value per Share Class 1 Nettoinventarwert pro Anteilsklasse 1 –Net Asset Value per Share Class 2 Nettoinventarwert pro Anteilsklasse 2 –Net Asset Value per Share Class 3 Nettoinventarwert pro Anteilsklasse 3 –Net Asset Value per Share Class 7 Nettoinventarwert pro Anteilsklasse 7 –The accompanying notes form an integral part of these financial statements.Die Erläuterungen im Anhang sind integraler Bestandteil dieses Berichtes.17

Universe, The CMI Global Network FundNOTES TO THE FINANCIAL STATEMENTS1. GENERALUniverse, The CMI Global Network Fund, (“the Fund”) was incorporated as an investment fund in the Grand Duchy of Luxembourg on 12 April1990 and commenced its activities on 1 June 1990. The articles of incorporation were amended for the last time by notarial deed of 25 July2005 published in the Mémorial on 24 August 2005. The Fund qualifies as an investment company with variable capital (“sociétéd’investissement à capital variable” or “SICAV”) regulated under the part I of the law of 20 December 2002. The Fund is established for anundetermined duration. The Fund comprises 28 sub-funds, each relating to a separate investment portfolio comprising securities, cash,other assets and liabilities.2. SIGNIFICANT ACCOUNTING POLICIESThe Financial Statements are presented in accordance with Luxembourg regulations relating to investment funds.The following is a summary of the significant accounting policies adopted by the Fund:(a)Valuation of Securities:All securities in the investment portfolios are quoted on a recognised stock exchange, or dealt in on another regulated market.Financial instruments, which comprise short-term certificates of deposit and commercial paper, are valued at cost as it is intended tohold these instruments until maturity. The difference between the cost and the maturity value is recognized as interest income overthe year. In these financial statements, securities and financial derivative instruments have been valued using the closing prices on30 March 2010 for securities listed in the American continent’s stock exchange, prices at 1 p.m. (CET) on 31 March 2010 forsecurities listed in the European stock exchange and closing prices on 31 March 2010 for securities listed in eastern countries’ stockexchange.(b)Translation of Foreign Currencies:Transactions in foreign currencies are converted into the currency of the sub-fund at the exchange rate ruling at the date of thetransactions at 1 p.m. (CET). Assets and liabilities are converted into the currency of the sub-fund at the exchange rate ruling at thebalance sheet date at 1 p.m. (CET).The combined statements of net assets, operations and changes in net assets are presented in Euro (EUR), based on the closingexchange rate prevailing at the balance sheet date.(c)Allocation of Expenses:Each sub-fund is charged with the expenses directly attributable to it. Expenses not attributable to a particular sub-fund are normallyallocated to the sub-funds so that each one is charged with the same amount.(d)Income:Dividends are recognised on an ex-dividend basis, net of withholding taxes in the country of origin. Interest is recognised on anaccruals basis.(e)Profit and Loss from Sales of Securities:The realised profit and loss arising on sales of securities is based on the average cost of the securities.(f)Equalisation:The Fund uses the accounting practice of equalisation, by which a portion of the proceeds from subscriptions and costs ofredemptions of shares, equivalent on a per share basis to the amount of undistributed net investment income on the date of thetransaction, is credited or charged to undistributed income. On payment of a dividend the balance on the equalisation account isincluded in the amount available for distribution. As a result, undistributed net investment income per share is unaffected bysubscriptions and redemptions of shares.3. MANAGEMENT FEESThe Fund has appointed as “Management Company”, CMI Asset Management (Luxembourg) S.A., a company incorporated under the laws ofLuxembourg on 22 December 1988. The Management Company is responsible for the day to day management of the investments and isentitled to receive a fee, which is payable monthly in arrears and is based on the net asset value of each of the sub-funds. Fees are charged atthe following rates as stipulated in the Fund’s prospectus:Class 1 Class 2 Class 3 Class 7Equity sub-funds, The CMI Global Mixed sub-fund, and The CMI GlobalBond sub-fund, except for the US Equity sub-fund, Japan Equity andPacific Basin Equity 1.25% 0.33% 0.115% 0.15%The CMI US Equity,Japan Equity and Pacific Basin Equity 0.75% 0.23% 0.115% 0.15%Bond Sub-Funds (except the CMI Global Bond Sub-Fund), CMIG Fixed TermUS Bond Sub-Fund and CMIG Fixed Term Euro Bond Sub-Fund 0.75% 0.23% 0.115% 0.15%Equity Index Tracking and Currency Reserve Sub-Funds 0.50% 0.18% 0.115% 0.15%CMIG Access 80% Sub-Fund N/a N/a N/a 0.15%HLE Euro-Garant 80 Flex (Access 80% Guarenteed Sub-Fund until 1 April2010) HLE Euro-Garant 70 Flex, 1.85% N/a N/a N/a18

Universe, The CMI Global Network FundNOTES TO THE FINANCIAL STATEMENTS - continued3. MANAGEMENT FEES - continuedClass 1 Class 2 Class 3 Class 7HLE Euro-Garant 90 Flex 1.65% N/a N/a N/aCMIG Access 70% Flexible Sub-Fund N/a N/a N/a 0.15%CMIG Access 80% Flexible Sub-Fund N/a N/a N/a 0.15%CMIG Access 90% Flexible Sub-Fund N/a N/a N/a 0.15%4. TAXE D’ABONNEMENTUnder present Luxembourg law and practice, the Fund is not liable to any Luxembourg income tax nor are dividends paid by the Fund liable toany Luxembourg withholding tax. The Fund in respect of class 1 Shares (excluding the Currency Reserve and the CMIG sub-funds) is liable inLuxembourg to a tax of 0.05% per annum of the value of its net assets, such tax being payable quarterly on the basis of the value of the netassets of the Fund at the end of the relevant calendar quarter. In respect of class 2, class 3 and class 7 Shares, the CMIG sub-funds and thethree Currency Reserve sub-funds, the tax levied will be at the rate of 0.01% per annum. No stamp duty or other tax is payable in Luxembourgon the issue of Shares except a once and for all initial registration tax which was paid on incorporation. No Luxembourg capital gains tax ispayable on the realised or unrealised capital appreciation of the assets of the Fund.5. DISTRIBUTIONSThe following dividend distributions were declared on 1 October 2009 in respect of the year from 1 October 2008 to 30 September 2009and paid on 01 October 2009.CMI CONTINENTAL EUROPEAN EQUITY Share Class 1 EUR 0.328CMI CONTINENTAL EUROPEAN EQUITY Share Class 2 EUR 0.490CMI CONTINENTAL EUROPEAN EQUITY Share Class 3 EUR 0.526CMI CONTINENTAL EUROPEAN EQUITY Share Class 7 EUR 0.540CMI GERMAN EQUITY Share Class 1 EUR 0.772CMI GERMAN EQUITY Share Class 2 EUR 1.094CMI GERMAN EQUITY Share Class 7 EUR 1.204CMI JAPAN ENHANCED EQUITY Share Class 1 JPY 24.541CMI JAPAN ENHANCED EQUITY Share Class 2 JPY 38.976CMI JAPAN ENHANCED EQUITY Share Class 3 JPY 41.931CMI JAPAN ENHANCED EQUITY Share Class 7 JPY 41.425CMI PACIFIC BASIN ENHANCED EQUITY Share Class 1 USD 0.546CMI PACIFIC BASIN ENHANCED EQUITY Share Class 2 USD 0.695CMI PACIFIC BASIN ENHANCED EQUITY Share Class 3 USD 0.726CMI PACIFIC BASIN ENHANCED EQUITY Share Class 7 USD 0.748CMI US ENHANCED EQUITY Share Class 1 USD 0.354CMI US ENHANCED EQUITY Share Class 2 USD 0.553CMI US ENHANCED EQUITY Share Class 3 USD 0.593CMI US ENHANCED EQUITY Share Class 7 USD 0.588CMI UK EQUITY Share Class 1 GBP 0.220CMI UK EQUITY Share Class 2 GBP 0.297CMI UK EQUITY Share Class 3 GBP 0.314CMI UK EQUITY Share Class 7 GBP 0.330CMI EURO EQUITY TRACKING Share Class 1 EUR 0.473CMI EURO EQUITY TRACKING Share Class 2 EUR 0.524CMI EURO EQUITY TRACKING Share Class 3 EUR 0.533CMI EURO EQUITY TRACKING Share Class 7 EUR 0.496CMI JAPAN EQUITY INDEX TRACKING Share Class 1 JPY 5.750CMI JAPAN EQUITY INDEX TRACKING Share Class 2 JPY 7.419CMI JAPAN EQUITY INDEX TRACKING Share Class 3 JPY 7.728CMI UK EQUITY INDEX TRACKING Share Class 1 GBP 0.353CMI UK EQUITY INDEX TRACKING Share Class 2 GBP 0.389CMI UK EQUITY INDEX TRACKING Share Class 3 GBP 0.396CMI UK EQUITY INDEX TRACKING Share Class 7 GBP 0.432CMI US EQUITY INDEX TRACKING Share Class 1 USD 0.301CMI US EQUITY INDEX TRACKING Share Class 2 USD 0.390CMI US EQUITY INDEX TRACKING Share Class 3 USD 0.406CMI US EQUITY INDEX TRACKING Share Class 7 USD 0.409CMI EURO BOND Share Class 1 EUR 1.470CMI EURO BOND Share Class 2 EUR 1.719CMI EURO BOND Share Class 3 EUR 1.769CMI EURO BOND Share Class 7 EUR 1.918CMIG FIXED TERM EURO BOND Share Class 3 EUR 1.748CMI JAPAN BOND Share Class 1 JPY 8.274CMI JAPAN BOND Share Class 2 JPY 17.536CMI JAPAN BOND Share Class 3 JPY 19.467CMI UK BOND Share Class 1 GBP 0.245CMI UK BOND Share Class 2 GBP 0.285CMI UK BOND Share Class 3 GBP 0.293CMI US BOND Share Class 1 USD 0.373CMI US BOND Share Class 2 USD 0.445CMI US BOND Share Class 3 USD 0.460CMI US BOND Share Class 7 USD 0.777CMIG FIXED TERM US BOND Share Class 3 USD 1.311CMI STERLING CURRENCY RESERVE Share Class 1 GBP 0.123CMI STERLING CURRENCY RESERVE Share Class 2 GBP 0.139CMI STERLING CURRENCY RESERVE Share Class 3 GBP 0.142CMI US DOLLAR CURRENCY RESERVE Share Class 1 USD 0.087CMI US DOLLAR CURRENCY RESERVE Share Class 2 USD 0.118CMI US DOLLAR CURRENCY RESERVE Share Class 3 USD 0.124CMI US DOLLAR CURRENCY RESERVE Share Class 7 USD 0.241CMI EURO CURRENCY RESERVE Share Class 1 EUR 0.672CMI EURO CURRENCY RESERVE Share Class 2 EUR 0.753CMI EURO CURRENCY RESERVE Share Class 3 EUR 0.769CMI EURO CURRENCY RESERVE Share Class 7 EUR 0.797CMI GLOBAL BOND Share Class 1 GBP 0.027CMI GLOBAL BOND Share Class 2 GBP 0.041CMI GLOBAL MIXED Share Class 1 GBP 0.019CMI GLOBAL MIXED Share Class 2 GBP 0.034CMI GLOBAL EQUITY Share Class 1 GBP 0.013CMI GLOBAL EQUITY Share Class 2 GBP 0.027CMIG ACCESS 80% Share Class 7 EUR 0.246CMI EUROPEAN ENHANCED EQUITY Share Class 7 EUR 0.6836. OTHER INCOME6.1 Securities LendingThe Fund has signed a contract for securities lending with Royal Trust Corporation of Canada.The Fund earned net income of EUR 924,476 from its activity in securities lending during the period. As at 31 March 2010, the Fund hadassets on loan to the value of EUR 1,137,047,707.7. RELATED PARTY TRANSACTIONSThere were no significant related party transactions during the period, other than those reported in these Financial Statements.19

Universe, The CMI Global Network FundNOTES TO THE FINANCIAL STATEMENTS - continued8. PURCHASE AND SALE OF SECURITIESA listing of purchases and sales of securities for the year for each sub-fund is available upon request of the Fund’s registered office.9. SOFT COMMISSIONSNo soft commission arrangements were entered into by the Management Company or the Investment Advisor with brokers during the period.10. FUTURESCommitments for financial futures contracts and the related unrealised profit/(loss) recorded as at 31 March 2010 were as follows:Sub-funds Description Contract ValueUnrealisedGain/(Loss)CMI Japan Enhanced Equity TOPIX INDEX (TOKYO) 10/6/2010 (11 contracts) JPY 107,525,000.00 JPY 6,988,730.00CMI Pacific Basin Enhanced Equity HONG KONG HANG SENG INDICES 29/04/2010 (1 contract) HKD 1,061,500.00 HKD 3,883.50CMI Pacific Basin Enhanced Equity HONG KONG HANG SENG INDICES 29/04/2010 (9 contracts) HKD 9,553,500.00 HKD 29,005.98CMI US Enhanced Equity S&P 500 EMINI INDEX 18/06/2010 (25 contracts) USD 1,461,875.00 USD (312.50)CMI US Enhanced Equity S&P 500 EMINI INDEX 18/06/2010 (41 contracts) USD 2,397,475.00 USD 46,842.50Euro Equity Index Tracking DOW JONES EURO STOXX 50/PR.IND 18/06/2010 (3 contracts) EUR 86,070.00 EUR 1,350.00Japan Equity Index Tracking TOPIX INDEX (TOKYO) 10/6/2010 (1 contract) JPY 9,775,000.00 JPY 63,539.00UK Equity Index Tracking UKX FTSE 100 INDEX 18/06/2010 (1 contract) GBP 56,320.00 GBP 725.00UK Equity Index Tracking UKX FTSE 100 INDEX 18/06/2010 (2 contracts) GBP 112,640.00 GBP 630.00UK Equity Index Tracking UKX FTSE 100 INDEX 18/06/2010 (15 contracts) GBP 844,800.00 GBP 8,962.50US Equity Index Tracking S&P 500 EMINI INDEX 18/06/2010 (3 contracts) USD 175,425.00 USD 862.50US Equity Index Tracking S&P 500 EMINI INDEX 18/06/2010 (19 contracts) USD 1,111,025.00 USD 21,707.50CMIG Access 80% DOW JONES EURO STOXX 50/PR.IND 18/06/2010 (35 contracts) EUR 1,004,150.00 EUR 17,500.00CMI European Enhanced Equity DOW JONES EURO STOXX 50/PR.IND 18/06/2010 (8 contracts) EUR 229,520.00 EUR 3,600.00Access 80% Guaranteed DOW JONES EURO STOXX 50/PR.IND 18/06/2010 (6 contracts) EUR 172,140.00 EUR (240.00)CMIG Access 70% Flexible DOW JONES EURO STOXX 50/PR.IND 18/06/2010 (6 contracts) EUR 172,140.00 EUR (240.00)CMIG Access 70% Flexible DOW JONES EURO STOXX 50/PR.IND 18/06/2010 (25 contracts) EUR 717,250.00 EUR 12,500.00CMIG Access 80% Flexible DOW JONES EURO STOXX 50/PR.IND 18/06/2010 (5 contracts) EUR 143,450.00 EUR (200.00)CMIG Access 80% Flexible DOW JONES EURO STOXX 50/PR.IND 18/06/2010 (50 contracts) EUR 1,434,500.00 EUR 2,000.00CMIG Access 80% Flexible DOW JONES EURO STOXX 50/PR.IND 18/06/2010 (126 contracts) EUR 3,614,940.00 EUR 63,000.00CMIG Access 90% Flexible DOW JONES EURO STOXX 50/PR.IND 18/06/2010 (6 contracts) EUR 172,140.00 EUR 240.00CMIG Access 90% Flexible DOW JONES EURO STOXX 50/PR.IND 18/06/2010 (11 contracts) EUR 315,590.00 EUR 5,500.00CMIG Access 90% Flexible DOW JONES EURO STOXX 50/PR.IND 18/06/2010 (20 contracts) EUR 573,800.00 EUR (800.00)Related cash balances held as margin against the above positions are included in cash at bank.11. CURRENCY RATESThe accounting for the Fund as a whole is carried out in EUR. Exchange rates as at 31 March 2010 were:1 EUR = 0.889487 GBP1 EUR = 1.346150 USD1 EUR = 125.750589 JPY12. NOTIONAL COMMISSIONThe notional commissionis a provision calculated in order to pay the broker fees arising on the sales of securities when a large redemption isregistered.20

Universe, The CMI Global Network FundNOTES TO THE FINANCIAL STATEMENTS - continued12. NOTIONAL COMMISSION - continuedIt is calculated on a daily basis at the rates shown below. There is no notional commission for the Universe Bond sub-funds and the CurrencyReserve Sub-funds. A global percentage applied to the market value of the portfolio is determined for the following sub-funds:Sub-fund nameNotional commission rateCMI Continental European Equity 0.200%CMI Germany Equity 0.200%CMI Pacific Basin Enhanced Equity 0.350%CMI Japan Enhanced Equity 0.180%CMI US Enhanced Equity 0.200%CMI UK Equity 0.125%Euro Equity Index Tracking 0.200%Japan Equity Index Tracking 0.180%UK Equity Index Tracking 0.125%US Equity Index Tracking 0.200%CMI Global Mixed 0.175%CMI Global Equity 0.250%CMIG Access 80% 0.200%CMI European Enhanced Equity 0.200%Access 80% Guaranteed 0.200%CMIG Access 70% Flexible 0.200%CMIG Access 80% Flexible 0.200%CMIG Access 90% Flexible 0.200%According to the daily net amount of redemptions and subscriptions per sub-fund, a single price will be determined according to the followingprocess:o If subscriptions are superior or equal to redemptionso Notional commission (percentage of the market value — see above for rates) is added to the total net assets.o Portfolio is valued at Offer Basis for the European markets.o NAV is rounded up.o If redemptions are superior to subscriptions (Net redemption more than 10% of the net assets)o Notional commission (percentage of the market value — see above for rates) is deducted from the total net assets.o Portfolio is valued at Bid Basis for the European markets.o NAV is rounded down.o If redemptions are superior to subscriptions (Net redemption less than 10% of the net assets)o Notional commission (percentage of the market value — see above for rates) is added to the total net assets.o Portfolio is valued at Offer Basis for the European markets.o NAV is rounded down.13. ACCESS 80% GUARANTEED SUB-FUNDAt any time, the dealing price at which investors may redeem their shares cannot fall below 80% of the highest Net Asset Value per shareachieved by the sub-fund since its launch.21

Universe, The CMI Global Network FundANHANG ZUM HALBJAHRESBERICHT1. ALLGEMEINESUniverse, The CMI Global Network Fund, SICAV (der “Fonds”) wurde am 12. April 1990 als Investmentfonds im Großherzogtum Luxemburggegründet und hat seine Geschäftstätigkeit am 1. Juni 1990 aufgenommen. Zuletzt notariell geändert am 25. Juli 2005, publiziert imMémorial am 24. August 2005. Der Fonds ist als Investmentgesellschaft mit variablem Grundkapital (“société d’investissement à capitalvariable” oder “SICAV”) registriert und unterliegt dem Gesetz vom 20. Dezember 2002. Er umfaßt 29 Teilfonds, deren Fondsvermögenjeweils in Wertpapieren, flüssigen Mitteln, sonstigem Vermögen und Verbindlichkeiten investiert ist.2. BILANZIERUNGS- UND BEWERTUNGSGRUNDSATZEDie Abschlüsse erfolgen in Ubereinstimmung mit den luxemburgischen Vorschriften für Investmentfonds.Im Folgenden werden die wichtigsten Bilanzierungs- und Bewertungsgrundsätze des Fonds zusammengefasst:(a) Bewertung der Wertpapiere:Wertpapiere werden zum Angebotspreis am Mittag des Bilanzstichtages angesetzt. Alle Wertpapiere des Wertpapierbestandesnotieren an einer anerkannten Wertpapierbörse oder werden am regulierten Markt gehandelt. Finanzinstrumente, zu denenkurzfristige Depositzertifikate und Commercial Papers (kurzfristige Schuldtitel, die von erstklassigen Industrie- und Bankadressenausgegeben werden) zählen, werden zu Anschaf-fungskosten angesetzt, falls die Absicht besteht, diese Titel bis zur Fälligkeit zuhalten. Die Differenz zwischen den Anschaffungskosten und dem Fälligkeitswert wird als Zinsertrag bis zur Endfälligkeitangesehen. Indiesem Jahresabschluss wurden Wertpapiere und derivative Finanzinstrumente mit den Schlusskursen vom 29. März 2010 für dieUS-Wertpapiere, mit den Kursen von 13 Uhr des 31. März 2010 für die Europäischen Wertpapiere, und mit den Schlusskursen vom31. März 2010 für die Asiatischen Wertpapiere bewertet.Wenn die Marktwerte und Wechselkurse am 31 März 2010 zum Börsenschluss für die Wertpapierbestände des Universe, The CMIGlobal Network Fund angewandt worden wären, wären folgende Veränderungen in den Marktwerten der Wertpapiere aufgetreten.(b) Devisenbewertung:Geschäfte in Fremdwährung werden in Währung des jeweiligen Teilfonds zum Wechselkurs, der am Datum der Transaktion um 13 Uhrgilt, umgerechnet. Vermögen und Verbindlichkeitenwerden in die Währung des Teilfonds zum am Bilanzstichtaggültigen Wechselkursum 13 Uhr umgerechnet.Der kombinierte Ausweis des Fondsvermögens, der Aufwands- und Ertragsrechnung und der Entwicklung des Fondsvermögenserfolgt zum am Bilanzstichtag geltenden Euro-Wechselkurs, basierend auf dem Wechselkurs des Bilanzdatums.(c) Kostenverteilung:Jeder Teilfonds wird entsprechend dem Verursacherprinzip mit den ihm zuzuweisenden Kosten belastet. Kosten, die keinembestimmten Teilfonds zugewiesen werden können, werden normalerweise durch die Anzahl der Teilfonds geteilt, so daß jedemTeilfonds der gleiche Wert angerechnet wird.(d) Erträge:Dividenden werden per Ex-Kurs abzüglich der Quellensteuern des Ursprungslandes verbucht. Zinsen werden auf der Grundlage derperiod-engerechten Abgrenzung verbucht.(e) Gewinne und Verluste aus Wertpapierverkäufen:Die realisierten Gewinne und Verluste aus Wertpapierverkäufen werden auf Basis der durchschnittlichen Anschaffungskosten desjeweiligen Wertpapieres ermittelt.(f) Ertragsausgleich:Der Fonds wendet die Bilanzierungspraxis des Ertragsausgleichs (equalisation) an, bei der ein bestimmter Teil der Erträge ausZeichnungen und Kosten aus Rückkäufen von Aktien, der dem anteiligen am Datum der Transaktion nicht ausgeschütteten undsaldierten Kapitalertrag entspricht, den nicht ausgeschütteten Erträgen gutgeschrieben oder belastet wird. Bei Zahlung einerDividende wird der Saldo des Ausgleichskontos in den für die Ausschüttung zur Verfügung stehenden Betrag aufgenommen. Aufdiese Weise wird der nicht ausgeschüttete und saldierte Kapitalertrag je Aktie durch Zeichnungen oder Rückkäufe von Aktien nichtberührt.3. GEBUHREN FUR DEN FONDSVERWALTERDer Fonds hat CMI Asset Management (Luxembourg) S.A., eine nach den Gesetzen des Großherzogtums Luxemburg am 22. Dezember1988 gegründete Gesellschaft, als “Verwaltungsgesellschaft” ernannt. Die“Verwaltungsgesellschaft” ist für die tägliche Verwaltung des22

Universe, The CMI Global Network FundANHANG ZUM HALBJAHRESBERICHT - Fortsetzung3. GEBUHREN FUR DEN FONDSVERWALTER - FortsetzungFondsvermögens verantwortlich und hat Anspruch auf eine Gebühr, die monatlich im Nachhinein gezahlt wird. Berechnungsgrundlage ist derNettovermögenswert der einzelnen Teilfonds. Die Gebühren werden nach den im Prospekt aufgeführten Sätzen berechnet:Klasse 1 Klasse 2 Klasse 3 Klasse 7Equity Teilfonds, The CMI Global Mixed Teilfonds, und The CMIGlobal Bond Teilfonds, ausser for the US Equity, Japan Equityand Pacific Basin Equity 1,25% 0,33% 0,115% 0,15%The CMI US Equity, Japan Equity and Pacific Basin Equity 0,75% 0,23% 0,115% 0,15%Bond Teilfonds (ausser the CMI Global Bond Teilfonds), CMIGFixed Term US Bond Teilfonds and CMIG Fixed Term Euro BondTeilfonds 0,75% 0,23% 0,115% 0,15%Equity Index Tracking and Currency Reserve Teilfonds 0,50% 0,18% 0,115% 0,15%CMIG Access 80% Teilfonds N/a N/a N/a 0,15%HLE Euro-Garant 80 Flex (Access 80% Guaranteed TeilfondsUntil 1. April 2010) HLE Euro-Garant 70 Flex, 1,85% N/a N/a 0,15%HLE Euro-Garant 90 Flex 1,65% N/a N/a N/aCMIG Access 70% Flexible Teilfonds N/a N/a N/a 0,15%CMIG Access 80% Flexible Teilfonds N/a N/a N/a 0,15%CMIG Access 90% Flexible Teilfonds N/a N/a N/a 0,15%4. STEUERNGemäß dem derzeit geltenden Luxemburger Recht und den derzeitigen Rechtsgepflogenheiten unterliegt der Fonds in Luxemburg keinerleiEinkommensteuer und die vom Fonds ausgeschütteten Dividenden unterliegen keiner Quellensteuer. Die Anteile der Klasse 1 des Fonds (mitAusnahme der Währungsreserve- und CMIG-Teilfonds) unterliegen in Luxemburg einer Steuer von 0,05% p.a. des Wertes des Nettovermögens,die vierteljährlich auf Grundlage des Wertes des Nettovermögens des Fonds zum Ende des jeweiligen Kalenderquartals zahlbarist. Für Anteile der Klasse 2, Klasse 3 und Klasse 7 der CMIG-Teilfonds und der drei Währungsreserveteilfonds wird eine Steuer in Höhe von0,01% p.a. in Anschlag gebracht. Bei Ausgabe der Anteile fällt in Luxemburg mit Ausnahme einer einmaligen Registrationssteuer, die bei derEintragung ins Handelsregister entrichtet wurde, keine Stempelsteuer bzw. anderweitige Steuer an. Es werden keine Kapitalgewinnsteuernfür den realisierten oder nicht realisierten Kapitalgewinn aus dem Vermögen des Fonds erhoben.5. AUSSCHUTTUNGENFür das am 30. September 2009 endende Geschäftsjahr wurden am 01. Oktober 2009 folgende Ausschüttungen vorgenommen:CMI CONTINENTAL EUROPEAN EQUITY Anteilsklasse 1 EUR 0,328CMI CONTINENTAL EUROPEAN EQUITY Anteilsklasse 2 EUR 0,490CMI CONTINENTAL EUROPEAN EQUITY Anteilsklasse 3 EUR 0,526CMI CONTINENTAL EUROPEAN EQUITY Anteilsklasse 7 EUR 0,540CMI GERMAN EQUITY Anteilsklasse 1 EUR 0,772CMI GERMAN EQUITY Anteilsklasse 2 EUR 1,094CMI GERMAN EQUITY Anteilsklasse 7 EUR 1,204CMI JAPAN ENHANCED EQUITY Anteilsklasse 1 JPY 24,541CMI JAPAN ENHANCED EQUITY Anteilsklasse 2 JPY 38,976CMI JAPAN ENHANCED EQUITY Anteilsklasse 3 JPY 41,931CMI JAPAN ENHANCED EQUITY Anteilsklasse 7 JPY 41,425CMI PACIFIC BASIN ENHANCED EQUITY Anteilsklasse 1 USD 0,546CMI PACIFIC BASIN ENHANCED EQUITY Anteilsklasse 2 USD 0,695CMI PACIFIC BASIN ENHANCED EQUITY Anteilsklasse 3 USD 0,726CMI PACIFIC BASIN ENHANCED EQUITY Anteilsklasse 7 USD 0,748CMI US ENHANCED EQUITY Anteilsklasse 1 USD 0,354CMI US ENHANCED EQUITY Anteilsklasse 2 USD 0,553CMI US ENHANCED EQUITY Anteilsklasse 3 USD 0,593CMI US ENHANCED EQUITY Anteilsklasse 7 USD 0,588CMI UK EQUITY Anteilsklasse 1 GBP 0,220CMI UK EQUITY Anteilsklasse 2 GBP 0,297CMI UK EQUITY Anteilsklasse 3 GBP 0,314CMI UK EQUITY Anteilsklasse 7 GBP 0,330CMI EURO EQUITY TRACKING Anteilsklasse 1 EUR 0,473CMI EURO EQUITY TRACKING Anteilsklasse 2 EUR 0,524CMI EURO EQUITY TRACKING Anteilsklasse 3 EUR 0,533CMI EURO EQUITY TRACKING Anteilsklasse 7 EUR 0,496CMI JAPAN EQUITY INDEX TRACKING Anteilsklasse 1 JPY 5,750CMI JAPAN EQUITY INDEX TRACKING Anteilsklasse 2 JPY 7,419CMI JAPAN EQUITY INDEX TRACKING Anteilsklasse 3 JPY 7,728CMI UK EQUITY INDEX TRACKING Anteilsklasse 1 GBP 0,353CMI UK EQUITY INDEX TRACKING Anteilsklasse 2 GBP 0,389CMI UK EQUITY INDEX TRACKING Anteilsklasse 3 GBP 0,396CMI UK EQUITY INDEX TRACKING Anteilsklasse 7 GBP 0,432CMI US EQUITY INDEX TRACKING Anteilsklasse 1 USD 0,301CMI US EQUITY INDEX TRACKING Anteilsklasse 2 USD 0,390CMI US EQUITY INDEX TRACKING Anteilsklasse 3 USD 0,406CMI US EQUITY INDEX TRACKING Anteilsklasse 7 USD 0,409CMI EURO BOND Anteilsklasse 1 EUR 1,470CMI EURO BOND Anteilsklasse 2 EUR 1,719CMI EURO BOND Anteilsklasse 3 EUR 1,769CMI EURO BOND Anteilsklasse 7 EUR 1,918CMIG FIXED TERM EURO BOND Anteilsklasse 3 EUR 1,748CMI JAPAN BOND Anteilsklasse 1 JPY 8,274CMI JAPAN BOND Anteilsklasse 2 JPY 17,536CMI JAPAN BOND Anteilsklasse 3 JPY 19,467CMI UK BOND Anteilsklasse 1 GBP 0,245CMI UK BOND Anteilsklasse 2 GBP 0,285CMI UK BOND Anteilsklasse 3 GBP 0,293CMI US BOND Anteilsklasse 1 USD 0,373CMI US BOND Anteilsklasse 2 USD 0,445CMI US BOND Anteilsklasse 3 USD 0,460CMI US BOND Anteilsklasse 7 USD 0,777CMIG FIXED TERM US BOND Anteilsklasse 3 USD 1,311CMI STERLING CURRENCY RESERVE Anteilsklasse 1 GBP 0,123CMI STERLING CURRENCY RESERVE Anteilsklasse 2 GBP 0,139CMI STERLING CURRENCY RESERVE Anteilsklasse 3 GBP 0,142CMI US DOLLAR CURRENCY RESERVE Anteilsklasse 1 USD 0,087CMI US DOLLAR CURRENCY RESERVE Anteilsklasse 2 USD 0,118CMI US DOLLAR CURRENCY RESERVE Anteilsklasse 3 USD 0,124CMI US DOLLAR CURRENCY RESERVE Anteilsklasse 7 USD 0,241CMI EURO CURRENCY RESERVE Anteilsklasse 1 EUR 0,672CMI EURO CURRENCY RESERVE Anteilsklasse 2 EUR 0,753CMI EURO CURRENCY RESERVE Anteilsklasse 3 EUR 0,769CMI EURO CURRENCY RESERVE Anteilsklasse 7 EUR 0,797CMI GLOBAL BOND Anteilsklasse 1 GBP 0,027CMI GLOBAL BOND Anteilsklasse 2 GBP 0,041CMI GLOBAL MIXED Anteilsklasse 1 GBP 0,019CMI GLOBAL MIXED Anteilsklasse 2 GBP 0,034CMI GLOBAL EQUITY Anteilsklasse 1 GBP 0,013CMI GLOBAL EQUITY Anteilsklasse 2 EUR 0,027CMIG ACCESS 80% Anteilsklasse 7 EUR 0,246CMI EUROPEAN ENHANCED EQUITY Anteilsklasse 7 EUR 0,68323

Universe, The CMI Global Network FundANHANG ZUM HALBJAHRESBERICHT - Fortsetzung6. SONSTIGE ERTRAGE6.1 WertpapierleiheDer Fonds hat einen Wertpapierleihvertrag mit Royal Trust Corporation of Canada geschlossen.Der Fonds erwirtschaftete im Laufe des Geschäftsjahres einen Nettogewinn von EUR 924.476 aus seinem Wertpapierleihgeschäft. Zum 31.März 2010 hatte der Fonds Vermögenswerte im Wert von EUR 1.137.047.707 verliehen.7. TRANSAKTIONEN MIT VERBUNDENEN UNTERNEHMENEs lagen keine nennenswerten Transaktionen mit verbundenen Unternehmen oder Personen vor, mit Ausnahme der in diesem Berichtsperiodeerwähnten.8. AN- & VERKAUFE VON WERTPAPIERENEine Auflistung der An- & Verkäufe des Berichtzeitraumes für jeden Teilfonds ist auf Anfrage bei der registrierten Anschrift des Fonds-Bürosoder über die Dresdner Bank A.G., Taunusanlage 12, D-60262 Frankfurt erhältlich.9. AUSSERVERTRAGLICHE VERGUTUNGENWeder die Fondsverwaltungsgesellschaft noch der Anlageberater hat während des Berichtszeitraums ousservertrogliche-Vereinbarungenmit Brokern abgeschlossen.10. TERMINKONTRAKTEDie Terminkontrakte und die damit verbundenen, nicht realisierten Gewinne/(Verluste) stellen sich am 31 März 2010 folgendermaßen dar:Teilfonds Beschreibung kontraktwertNicht realisierterGewin/(Verlust)CMI Japan Enhanced Equity TOPIX INDEX (TOKYO) 10/6/2010 (11 kontrake) JPY 1.075.250,00 JPY 6.988.730,00CMI Pacific Basin Enhanced Equity HONG KONG HANG SENG INDICES 29/04/2010 (1 kontrakt) HKD 1.061.500,00 HKD 3.883,50CMI Pacific Basin Enhanced Equity HONG KONG HANG SENG INDICES 29/04/2010 (9 kontrake) HKD 9.553.500,00 HKD 29.005,98CMI US Enhanced Equity S&P 500 EMINI INDEX 18/06/2010 (25 kontrake) USD 1.461.875,00 USD (312,50)CMI US Enhanced Equity S&P 500 EMINI INDEX 18/06/2010 (41 kontrake) USD 2.397.475,00 USD 46.842,50Euro Equity Index Tracking DOW JONES EURO STOXX 50/PR.IND 18/06/2010 (3 kontrake) EUR 86.070,00 EUR 1.350,00Japan Equity Index Tracking TOPIX INDEX (TOKYO) 10/6/2010 (1 kontrakt) JPY 9.775.000,00 JPY 635.339,00UK Equity Index Tracking UKX FTSE 100 INDEX 18/06/2010 (1 kontrakt) GBP 56.320,00 GBP 725,00UK Equity Index Tracking UKX FTSE 100 INDEX 18/06/2010 (2 kontrake) GBP 112.640,00 GBP 630,00UK Equity Index Tracking UKX FTSE 100 INDEX 18/06/2010 (15 kontrake) GBP 844.800,00 GBP 8.962,50US Equity Index Tracking S&P 500 EMINI INDEX 18/06/2010 (3 kontrake) USD 175.425,00 USD 862,50US Equity Index Tracking S&P 500 EMINI INDEX 18/06/2010 (19 kontrake) USD 1.111.025,00 USD 21.707,50CMIG Access 80% DOW JONES EURO STOXX 50/PR.IND 18/06/2010 (35 kontrake) EUR 1.004.150,00 EUR 17.500,00CMI European Enhanced Equity DOW JONES EURO STOXX 50/PR.IND 18/06/2010 (8 kontrake) EUR 229.520,00 EUR 3.600,00Access 80% Guaranteed DOW JONES EURO STOXX 50/PR.IND 18/06/2010 (6 kontrake) EUR 172.140,00 EUR (240,00)CMIG Access 70% Flexible DOW JONES EURO STOXX 50/PR.IND 18/06/2010 (6 kontrake) EUR 172.140,00 EUR (240,00)CMIG Access 70% Flexible DOW JONES EURO STOXX 50/PR.IND 18/06/2010 (25 kontrake) EUR 717.250,00 EUR 12.500,00CMIG Access 80% Flexible DOW JONES EURO STOXX 50/PR.IND 18/06/2010 (5 kontrake) EUR 143.450,00 EUR (200,00)CMIG Access 80% Flexible DOW JONES EURO STOXX 50/PR.IND 18/06/2010 (50 kontrake) EUR 1.434.500,00 EUR 2.000,00CMIG Access 80% Flexible DOW JONES EURO STOXX 50/PR.IND 18/06/2010 (126 kontrake) EUR 3.614.940,00 EUR 63.000,00CMIG Access 90% Flexible DOW JONES EURO STOXX 50/PR.IND 18/06/2010 (6 kontrake) EUR 172.140,00 EUR 240,00CMIG Access 90% Flexible DOW JONES EURO STOXX 50/PR.IND 18/06/2010 (11 kontrake) EUR 315.590,00 EUR 5.500,00CMIG Access 90% Flexible DOW JONES EURO STOXX 50/PR.IND 18/06/2010 (20 kontrake) EUR 573.800,00 EUR (800.00)Barguthaben, die als Marge gegen oben genannte Positionen gehalten werden, sind in Bareinlagen bei Bankguthaben inbegriffen.11. UMRECHNUNGSKURSEDie Buchhaltung des Fonds erfolgt in EUR.Umrechnungskurse zum 31 März 2010 waren:1 EUR = 0.889487 GBP1 EUR = 1.346150 USD1 EUR = 125.750589 JPY24

Universe, The CMI Global Network FundANHANG ZUM HALBJAHRESBERICHT - Fortsetzung12. FIKTIVE PROVISIONDie fiktive Provision ist eine Provision, um die Maklergebühren zu decken, die durch den Verkauf von Wertpapieren entstehen, wenn eineumfangreiche Rücknahme von Anteilen verzeichnet wird.Die Berechnung erfolgt täglich auf Grundlage der unten angegebenen Sätze. Für die Universe Bond-Teilfonds und die Currency Reserve-Teifonds werden keine fiktive Provision erhoben. Bei den folgenden Teilfonds wird ein globaler Prozentsatz des Marktwertes des Portfoliosfestgelegt.Name des TeilfondsFiktive ProvisionCMI Continental European Equity 0,200%CMI Germany Equity 0,200%CMI Pacific Basin Enhanced Equity 0,350%CMI Japan Enhanced Equity 0,180%CMI US Enhanced Equity 0,200%CMI UK Equity 0,125%Euro Equity Index Tracking 0,200%Japan Equity Index Tracking 0,180%UK Equity Index Tracking 0,125%US Equity Index Tracking 0,200%CMI Global Mixed 0,175%CMI Global Equity 0,250%CMIG Access 80% 0,200%CMI European Enhanced Equity 0,200%Access 80% Guaranteed 0,200%CMIG Access 70% Flexible 0,200%CMIG Access 80% Flexible 0,200%CMIG Access 90% Flexible 0,200%Gemäß der täglichen Nettosummeder Rücknahmen und Zeichnungen pro Teilfonds wird ein Einheitskurs nach dem folgenden Schemaermittelt:ollWenn die Zeichnungen höher oder gleich den Rücknahmen sind:o Die fiktive Provision (Prozentsatz des Marktwertes — Zahlen siehe oben) wird zum gesamten Nettovermögen addiert.o Das Portfolio wird auf Briefkursbasis für die europäischen Märkte bewertet.o Der Nettoinventarwert wird aufgerundet.Wenn die Rücknahmen höher als die Zeichnungen sind (Nettorücknahmen mehr als 10% des gesamten Nettovermögens):o Die fiktive Provision (Prozentsatz des Marktwertes — Zahlen siehe oben) wird vom gesamten Nettovermögen subtrahiert.o Das Portfolio wird auf Geldkursbasis für die europäischen Märkte bewertet.o Der Nettoinventarwert wird abgerundet.Wenn die Rücknahmen höher als die Zeichnungen sind (Nettorücknahmen weniger als 10% des gesamten Nettovermögens)):o Die fiktive Provision (Prozentsatz des Marktwertes — Zahlen siehe oben) wird zum gesamten Nettovermögen addiert.o Das Portfolio wird auf Briefkursbasis für die europäischen Märkte bewertet.o Der Nettoinventarwert wird abgerundet.13. ACCESS 80% GUARANTEED TEILFONDSDer Handelspreis, zu dem Anleger ihre Anteile zurückgeben können, beträgt stets mindestens 80% des höchsten Nettoinventarwerts, dender Teilfonds seit seiner Auflegung erzielt hat.25

Universe, The CMI Global Network FundPortfolio and sector analysis of each sub-fundWertpapierbestand und geographische Aufgliederung für jeden TeilfondsCONTENTSINHALVERZEICHNISPage - SeiteCONTENTSINHALVERZEICHNISPage - SeiteCMI CONTINENTAL EUROPEAN EQUITYPortfolio of investments - Wertpapierbestand 27Sector Analysis of Portfolios - Analyse des Wertpapierbestandesnach Sektoren 28CMI GERMAN EQUITYPortfolio of investments - Wertpapierbestand 29Sector Analysis of Portfolios - Analyse des Wertpapierbestandesnach Sektoren 30CMI JAPAN ENHANCED EQUITYPortfolio of investments - Wertpapierbestand 31Sector Analysis of Portfolios - Analyse des Wertpapierbestandesnach Sektoren 35CMI PACIFIC BASIN ENHANCED EQUITYPortfolio of investments - Wertpapierbestand 36Sector Analysis of Portfolios - Analyse des Wertpapierbestandesnach Sektoren 44CMI US ENHANCED EQUITYPortfolio of investments - Wertpapierbestand 45Sector Analysis of Portfolios - Analyse des Wertpapierbestandesnach Sektoren 49CMI UK EQUITYPortfolio of investments - Wertpapierbestand 50Sector Analysis of Portfolios - Analyse des Wertpapierbestandesnach Sektoren 51EURO EQUITY INDEX TRACKINGPortfolio of investments - Wertpapierbestand 52Sector Analysis of Portfolios - Analyse des Wertpapierbestandesnach Sektoren 53JAPAN EQUITY INDEX TRACKINGPortfolio of investments - Wertpapierbestand 54Sector Analysis of Portfolios - Analyse des Wertpapierbestandesnach Sektoren 58UK EQUITY INDEX TRACKINGPortfolio of investments - Wertpapierbestand 59Sector Analysis of Portfolios - Analyse des Wertpapierbestandesnach Sektoren 64US EQUITY INDEX TRACKINGPortfolio of investments - Wertpapierbestand 65Sector Analysis of Portfolios - Analyse des Wertpapierbestandesnach Sektoren 69CMI EURO BONDPortfolio of investments - Wertpapierbestand 70Sector Analysis of Portfolios - Analyse des Wertpapierbestandesnach Sektoren 71CMIG FIXED TERM EURO BONDPortfolio of investments - Wertpapierbestand 72Sector Analysis of Portfolios - Analyse des Wertpapierbestandesnach Sektoren 73CMI JAPAN BONDPortfolio of investments - Wertpapierbestand 74Sector Analysis of Portfolios - Analyse des Wertpapierbestandesnach Sektoren 75CMIG FIXED TERM US BONDPortfolio of investments - Wertpapierbestand 80Sector Analysis of Portfolios - Analyse des Wertpapierbestandesnach Sektoren 81CMI STERLING CURRENCY RESERVEPortfolio of investments - Wertpapierbestand 82Sector Analysis of Portfolios - Analyse des Wertpapierbestandesnach Sektoren 83CMI US DOLLAR CURRENCY RESERVEPortfolio of investments - Wertpapierbestand 84Sector Analysis of Portfolios - Analyse des Wertpapierbestandesnach Sektoren 85CMI EURO CURRENCY RESERVEPortfolio of investments - Wertpapierbestand 86Sector Analysis of Portfolios - Analyse des Wertpapierbestandesnach Sektoren 87CMI GLOBAL BONDPortfolio of investments - Wertpapierbestand 88Sector Analysis of Portfolios - Analyse des Wertpapierbestandesnach Sektoren 89CMI GLOBAL MIXEDPortfolio of investments - Wertpapierbestand 90Sector Analysis of Portfolios - Analyse des Wertpapierbestandesnach Sektoren 92CMI GLOBAL EQUITYPortfolio of investments - Wertpapierbestand 93Sector Analysis of Portfolios - Analyse des Wertpapierbestandesnach Sektoren 95CMIG ACCESS 80%Portfolio of investments - Wertpapierbestand 96Sector Analysis of Portfolios - Analyse des Wertpapierbestandesnach Sektoren 97CMI EUROPEAN ENHANCED EQUITYPortfolio of investments - Wertpapierbestand 98Sector Analysis of Portfolios - Analyse des Wertpapierbestandesnach Sektoren 99ACCESS 80% GUARANTEEDPortfolio of investments - Wertpapierbestand 100Sector Analysis of Portfolios - Analyse des Wertpapierbestandesnach Sektoren 101CMIG ACCESS 70% FLEXIBLEPortfolio of investments - Wertpapierbestand 102Sector Analysis of Portfolios - Analyse des Wertpapierbestandesnach Sektoren 103CMIG ACCESS 80% FLEXIBLEPortfolio of investments - Wertpapierbestand 104Sector Analysis of Portfolios - Analyse des Wertpapierbestandesnach Sektoren 105CMIG ACCESS 90% FLEXIBLEPortfolio of investments - Wertpapierbestand 106Sector Analysis of Portfolios - Analyse des Wertpapierbestandesnach Sektoren 107CMI UK BONDPortfolio of investments - Wertpapierbestand 76Sector Analysis of Portfolios - Analyse des Wertpapierbestandesnach Sektoren 77CMI US BONDPortfolio of investments - Wertpapierbestand 78Sector Analysis of Portfolios - Analyse des Wertpapierbestandesnach Sektoren 7926

Universe, The CMI Global Network FundCMI Continental European EquityPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlShares -AktienDescription - WertpapierbezeichnungMarketValue EURMarktwertEURTransferable securities admitted to an official stock exchange -Amtlich notierte Wertpapiere% of NetAssets- % desFondsvermögensAustria - Österreich 0.30292,314 Wienerberger Ag 4,276,554 0.30Belgium - Belgien 1.10321,408 Anheuser-bush Inbev Sa 12,006,196 0.8674,374 Mobistar 3,386,620 0.24Cyprus - Zypern 0.271,855,101 Marfin Popular Bank Public Co 3,802,957 0.27Denmark - Dänemark 0.41223,166 Royal Unibrew A/s 5,799,267 0.41Finland - Finnland 3.94786,776 Fortum Corporation 14,240,646 1.011,577,666 Nokia Oy 18,127,382 1.291,180,142 Sampo Plc A 22,977,365 1.64France - Frankreich 26.64446,577 Accor Sa 18,394,507 1.31377,962 Alstom 17,497,751 1.24903,669 Axa 14,856,318 1.06158,957 Biomerieux 13,470,016 0.96491,504 Bnp Paribas 28,202,499 2.01485,066 Carrefour S.a. 17,370,213 1.24732,299 France Telecom Sa 13,016,615 0.931,146,302 Gdf Suez 32,801,432 2.33644,353 Ingenico.ind.fin.ing. 11,955,970 0.85114,437 L Oreal 9,017,636 0.64159,552 Lafarge Sa 8,373,289 0.60107,365 Pernod-ricard 6,767,216 0.48396,361 Peugeot Sa 8,769,487 0.62225,386 Ppr Sa 22,232,075 1.58267,400 Publicis Groupe Sa 8,527,386 0.61638,426 Saint-gobain 22,976,952 1.63554,894 Sanofi-aventis 30,624,600 2.18110,485 Schneider Electric Sa 9,637,607 0.68383,754 Ste Gen.paris -a- 17,971,200 1.281,220,941 Total Sa 52,555,405 3.74475,754 Vivendi 9,457,989 0.67Germany - Deutschland 19.92187,236 Allianz Se /nam.vinkuliert 17,396,097 1.24556,248 Basf Se 25,565,158 1.82141,897 Bayer 7,060,085 0.50327,651 Bmw-bayer.motorenwerke 11,197,473 0.80438,477 Daimler Ag / Namen-akt. 15,252,422 1.09259,904 Deutsche Bank Ag /nam. 14,874,306 1.061,403,211 Deutsche Telekom /nam. 14,130,335 1.01836,169 E.on - Namen Akt. 22,793,967 1.62181,658 Fresenius /vz.a. 10,016,622 0.71435,136 Gildemeister Ag 4,386,171 0.31236,043 Hamburger Hafen Und Logistik Ag 6,789,777 0.48245,264 Linde A.g. 21,705,864 1.55364,330 Man Ag 22,537,454 1.60235,844 Metro Ag 10,440,814 0.74151,110 Muenchener Rueckvers/namensakt 18,148,311 1.2999,741 Rwe Ag (neu). Essen A 6,556,973 0.47550,120 Siemens Ag /nam. 40,774,894 2.90406,775 Thyssenkrupp Ag Duesseldorf 10,303,611 0.73Quantity -Anzahl% of NetDescription - WertpapierbezeichnungMarketValue EURMarktwertEURAssets- % desFondsvermögensGreece - Griechenland 0.76491,242 Coca Cola Hellenic Bottling 9,741,329 0.69148,177 Hellenic Exch.h.clear.sett.reg 980,932 0.07Ireland - Irlande 1.072,475,856 Bank Of Ireland 4,085,162 0.291,256,305 Irish Life & Permanent 3,746,302 0.271,948,527 Ryanair Holdings Plc*** 7,154,991 0.51Italy - Italien 4.92852,658 Azimut Holding Spa 8,223,886 0.592,026,026 Banco Popolare Soc. Coop. 10,616,376 0.761,418,851 Brembo Spa 8,165,487 0.581,694,697 Enel 7,075,360 0.50381,993 Eni Spa Roma 6,673,418 0.473,711,632 Intesa Sanpaolo Spa 10,401,849 0.748,098,164 Unicredit S.p.a. 17,957,679 1.28Luxembourg - Luxembourg 1.80775,608 Arcelormittal Sa /prov.fusion 25,319,723 1.80Netherlands - Niederland 7.471,998,885 Aegon Nv 10,130,349 0.721,443,629 Ing Groep Nv/cert.of Shs 10,669,862 0.761,693,941 Koninklijke Ahold Nv 16,725,973 1.191,657,506 Koninklijke Kpn Nv /eur 0.24 19,384,533 1.38420,575 Roy.philips Electr./eur 0.2 9,994,965 0.711,371,588 Stmicroelectronics Nv 10,140,150 0.721,235,568 Unilever Cert.of Shs 27,967,082 1.99Norway - Norwegen 1.51537,300 Statoilhydro Asa 9,201,347 0.662,041,037 Storebrand As /bundna 11,971,175 0.85Spain - Spanien 6.382,481,085 Banco Santander Sa / Reg. 24,642,136 1.75449,843 Obrascon Huarte Lain Sa 9,739,101 0.69615,201 Repsol Ypf Sa. Madrid 10,842,918 0.772,533,489 Telefonica Sa 44,462,732 3.17Sweden - Schweden 1.341,622,857 Nordea Bank Ab 12,098,671 0.861,418,375 Skandinav.ensk.banken A 6,747,362 0.48Switzerland - Schweiz 17.18902,491 Abb Ltd Zuerich /namen. 14,611,922 1.04580,533 Cie Financiere Richemont Sa 16,827,553 1.20365,011 Cie Suisse Reassura./nom.*opr* 13,286,118 0.95482,661 Credit Suisse Group /nom. 18,328,662 1.301,285,238 Nestle Sa 48,535,983 3.451,147,609 Novartis Ag Basel/nam. 46,109,951 3.28332,024 Roche Holding Ag /genussschein 39,812,153 2.83695,786 Temenos Group Ag /namen. 15,195,644 1.082,402,321 Ubs Ag /namensaktien 28,822,435 2.05United States - Vereinigte Staaten 0.66238,140 Autoliv Inc/swedish Dept.recpt 9,250,566 0.66TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTAND1,344,665,321 95.67OTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN60,791,895 4.331,405,457,216 100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.27

Universe, The CMI Global Network FundCMI Continental European EquitySector Analysis of Portfolio as at 31 March 2010Analyse des Wertpapierbestandes nach Sektoren zum31. März 2010SectorSektor% of NetAssets- % desFondsvermögensBanks and financial institutions - Banken, Kreditinstitute 13.55Pharmaceuticals and cosmetics - Pharmazeutika und Kosmetik 10.60News transmission - Nachrichtenübermittlung 8.02Petrol - Treibstoff 6.65Insurance - Versicherungen 6.38Food and distilleries - Nahrungsmittel, alkoholische Getränke 6.13Public services - Energie und Wasserversorgung 4.92Retail trade, department stores - Einzelhandel und Warenhäuser 4.75Automobile industry - Automobilindustrie 3.75Holding and finance companies - Holding- und Finanzgesellschaften 3.54Mechanics, machinery - Maschinen- und Apparatebau 3.46Construction, building materials - Bau, Baustoffe 3.22Electronics and electrical equipment - Elektrotechnik und Elektronik 2.96Various capital goods - Verschiedene Produktionsgüter 2.90Coal mines, heavy industries - Bergbau, Schwerindustrie 2.53Chemicals - Chemie 2.32Electronic semiconductor - Elektronischer Halbleiter 2.28Leisure - Freizeit 1.98Tobacco and spirits - Tabak und alkoholische Getränke 1.75Miscellaneous - Andere 1.30Internet software - Internet software 1.08Graphic art and publishing - Grafik und Verlage 0.61Transport - Verkehr und Transport 0.51Other services - Sonstige Dienstleistungen 0.48TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTANDOTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN95.674.33100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.28

Universe, The CMI Global Network FundCMI German EquityPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue EURMarktwertEUR% of NetAssets- % desFondsvermögensShares -AktienTransferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereGermany - Deutschland 97.252,182 Adidas Ag 86,494 1.992,327 Allianz Se /nam.vinkuliert 216,202 4.977,500 Basf Se 344,700 7.933,750 Bayer 186,581 4.29900 Bilfinger Berger Ag 44,019 1.012,100 Bmw-bayer.motorenwerke 71,768 1.659,050 Daimler Ag / Namen-akt. 314,804 7.241,566 Delticom Ag 48,100 1.114,750 Deutsche Bank Ag /nam. 271,842 6.251,400 Deutsche Boerse Ag /nam. 76,986 1.771,800 Deutsche Euroshop/namenakt. 43,857 1.013,100 Deutsche Post Ag. Bonn 39,525 0.9120,500 Deutsche Telekom /nam. 206,435 4.7513,700 E.on - Namen Akt. 373,462 8.593,850 Fresenius Medical Care Ag 159,640 3.675,600 Gildemeister Ag 56,448 1.30795 Hamburger Hafen Und Logistik Ag 22,868 0.532,350 Henkel / Vorzug 93,307 2.151,150 Hochtief A.g. 71,817 1.657,847 Infineon Technologies /nam. 40,232 0.921,347 K & S Ag 60,615 1.39902 Linde A.g. 79,827 1.842,117 Metro Ag 93,720 2.151,363 Muenchener Rueckvers/namensakt 163,696 3.764,937 Rhoen Klinikum Ag 93,803 2.162,700 Rwe Ag (neu). Essen A 177,498 4.085,854 Sap Ag 209,661 4.825,800 Siemens Ag /nam. 429,896 9.892,600 Skw Stahl-metallurgie Hold Ag 39,689 0.912,789 Thyssenkrupp Ag Duesseldorf 70,645 1.621,500 Tipp24 40,853 0.94TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTAND4,228,990 97.25OTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN119,614 2.754,348,604 100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.29

Universe, The CMI Global Network FundCMI German EquitySector Analysis of Portfolio as at 31 March 2010Analyse des Wertpapierbestandes nach Sektoren zum31. März 2010SectorSektor% of NetAssets- % desFondsvermögensChemicals - Chemie 13.61Public services - Energie und Wasserversorgung 12.67Various capital goods - Verschiedene Produktionsgüter 9.89Automobile industry - Automobilindustrie 8.89Insurance - Versicherungen 8.73Banks and financial institutions - Banken, Kreditinstitute 6.25Internet software - Internet software 4.82News transmission - Nachrichtenübermittlung 4.75Pharmaceuticals and cosmetics - Pharmazeutika und Kosmetik 3.67Mechanics, machinery - Maschinen- und Apparatebau 3.14Holding and finance companies - Holding- und Finanzgesellschaften 2.68Construction, building materials - Bau, Baustoffe 2.66Healthcare, education and social services - Gesundheit Bildung undsoziale Einri2.16Consumer goods - Verschiedene Konsumgüter 2.15Retail trade, department stores - Einzelhandel und Warenhäuser 2.15Textile - Textil- und Bekleidungsindustrie 1.99Coal mines, heavy industries - Bergbau, Schwerindustrie 1.62Other services - Sonstige Dienstleistungen 1.47Miscellaneous - Andere 1.11Real estate - Immobiliengesellschaften 1.01Electronic semiconductor - Elektronischer Halbleiter 0.92Transport - Verkehr und Transport 0.91TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTANDOTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN97.252.75100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.30

Universe, The CMI Global Network FundCMI Japan Enhanced EquityPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlShares -AktienDescription - WertpapierbezeichnungMarketValue JPYMarktwertJPYTransferable securities admitted to an official stock exchange -Amtlich notierte Wertpapiere% of NetAssets- % desFondsvermögensJapan - Japan 97.73700 Abc Mart Inc 2,093,000 0.021,570 Acom Co Ltd *opa* 2,402,100 0.035,500 Advantest Corp. 12,859,000 0.1523,700 Aeon Co Ltd 25,145,700 0.303,000 Aeon Credit Service Ltd 3,330,000 0.043,900 Aeon Mall Co Ltd 7,686,900 0.0923,000 Aioi Insurance Co Ltd 11,086,000 0.135,000 Air Water Inc Osaka 5,350,000 0.064,600 Aisin Seiki Co Ltd 12,880,000 0.1517,000 Ajinomoto Co. Inc 15,742,000 0.191,900 Alfresa Hld Corp Tokyo 7,657,000 0.095,400 All Nippon Airways Co Ltd 1,441,800 0.024,900 Alps Electric Co 3,160,500 0.0415,000 Amada Co.ltd 11,760,000 0.141,600 Aoyama Trading Co Ltd 2,468,800 0.0329,000 Aozora Bank Ltd 3,828,000 0.0517,000 Asahi Breweries 29,801,000 0.3545,000 Asahi Glass Co. Ltd 47,385,000 0.5633,000 Asahi Kasei Corp 16,599,000 0.201,000 Asatsu-dk Inc. 1,985,000 0.026,000 Asics Corp. 5,484,000 0.0622,000 Astellas Pharma Inc 74,470,000 0.881,100 Autobacs Seven Co Ltd 3,283,500 0.047,000 Awa Bank Ltd 3,899,000 0.0512,000 Bank Of Kyoto 10,332,000 0.124,000 Bank Of Nagoya Ltd 1,520,000 0.023,200 Benesse Corp. 12,960,000 0.1541,000 Bk Of Yokohama 18,778,000 0.2232,500 Bridgestone Corp 51,870,000 0.6115,000 Brother Industries Ltd 16,950,000 0.2052,500 Canon Inc. 227,325,000 2.682,900 Canon Marketing Japan Inc 3,691,700 0.042,000 Capcom Co Ltd 3,532,000 0.045,600 Casio Computer Co.ltd 4,026,400 0.0587 Central Japan Railway Co 61,944,000 0.7326,000 Chiba Bank 14,534,000 0.1711,000 Chiyoda Corp 10,208,000 0.1232,100 Chubu Electric Power C. Jpy500 75,017,700 0.898,700 Chugai Pharmaceut. Co.ltd 15,294,600 0.188,000 Chugoku Bank Ltd 10,096,000 0.1210,900 Chugoku Electr.power Jpy 500 20,252,200 0.2450,000 Chuo Mitsui Trust Holdings Inc 17,550,000 0.211,500 Circle K Sunkus Co Ltd 1,738,500 0.026,000 Citizen Holdings Co Ltd 3,834,000 0.052,100 Coca-cola West Holdings Co Ltd 3,210,900 0.048,400 Comsys Holdings Corp 7,602,000 0.0927,000 Cosmo Oil Co Ltd 6,102,000 0.077,300 Credit Saison Co Ltd 10,585,000 0.132,000 Culture Convenience Club Co 910,000 0.0127,000 Dai Nippon Printing Co.ltd 34,101,000 0.4019,000 Daicel Chemical Industries Co. 12,217,000 0.1412,000 Daido Steel Co Ltd 4,716,000 0.067,000 Daihatsu Motor Co 6,251,000 0.0713,000 Daiichi Sankyo Co Ltd 22,763,000 0.276,800 Daikin Industries Ltd 26,010,000 0.317,000 Dainippon Screen Manufact. 3,059,000 0.048,100 Dainippon Sumitomo Pharma Co 6,941,700 0.0810,000 Daishi Bank Ltd 3,240,000 0.045,000 Daito Trust Construct. 22,550,000 0.2718,000 Daiwa H. Industr.co. Ltd 18,990,000 0.2268,000 Daiwa Securities Group Inc 33,456,000 0.39Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue JPYMarktwertJPY% of NetAssets- % desFondsvermögens10 Dena Co Ltd Tokyo 6,920,000 0.0814,000 Denki Kagaku Kogyo Kk 5,628,000 0.0716,400 Denso Corp *opr* 45,674,000 0.543,600 Dentsu Inc Tokyo 8,845,200 0.1026,000 Dic Corp 5,252,000 0.06600 Disco Corp. 3,450,000 0.04900 Don Quijote Co Ltd 2,100,600 0.0211,200 Dowa Holdings Co Ltd 6,305,600 0.0713,000 East Japan Railway Co 84,500,000 1.0010,000 Ebara Corp. 4,770,000 0.068,700 Eisai Co.ltd 29,014,500 0.348,000 Electric Power Development Co 24,640,000 0.291,800 Elpida Memory Inc 3,313,800 0.046,300 Ezaki Glico Co Ltd 6,873,300 0.085,100 Familymart Co Ltd 15,172,500 0.186,100 Fanuc Ltd Jpy 50 60,512,000 0.711,000 Fast Retailing Co Ltd 16,250,000 0.1919,500 Fuji Electric Holdings Co Ltd 4,972,500 0.0625,000 Fuji Heavy Industries Ltd 12,100,000 0.1414 Fuji Television Network Inc 1,939,000 0.0217,800 Fujifilm Holdings Corp 57,316,000 0.6820,000 Fujikura Ltd 10,780,000 0.1381,700 Fujitsu Ltd 50,000,400 0.5934,000 Fukuoka Financial Group 13,498,000 0.164,000 Fukuyama Transp. 1,868,000 0.02300 Funai Electric Co Ltd 1,182,000 0.0120,500 Furukawa Electric Co. Ltd 9,963,000 0.122,000 Glory Ltd 4,644,000 0.057,000 Gs Yuasa Corp Kyoto 4,417,000 0.0515,000 Gunma Bank Ltd 7,755,000 0.096,000 Gunze Ltd 2,070,000 0.024,000 H2o Retailing Corp 2,556,000 0.0317,000 Hachijuni Bank Ltd 9,044,000 0.111,060 Hakuhodo Dy Hld Inc 5,215,200 0.063,200 Hamamatsu Photonics 8,457,600 0.1061,000 Hankyu Hanshin Holdings Inc 26,413,000 0.3146,500 Haseko Corp 4,045,500 0.051,200 Heiwa Corp. 1,153,200 0.017,000 Higo Bank Ltd 3,640,000 0.04600 Hikari Tsushin Inc. 910,800 0.019,000 Hino Motors Ltd 3,555,000 0.041,200 Hirose Electric Co.ltd 12,936,000 0.1520,000 Hiroshima Bank Ltd 7,900,000 0.092,000 Hisamitsu Pharmaceutical Co 6,950,000 0.084,000 Hitachi Cable Ltd 1,116,000 0.011,200 Hitachi Capital Corp. 1,597,200 0.023,610 Hitachi Chemical Co 7,292,200 0.093,068 Hitachi Constr.machin. 6,777,212 0.081,600 Hitachi High-technologies Corp 3,432,000 0.041,900 Hitachi Koki Co Ltd 1,913,300 0.02141,000 Hitachi Ltd 49,209,000 0.584,000 Hitachi Metals Ltd 3,932,000 0.052,100 Hokkaido Electr.power 3,767,400 0.0412,000 Hokkoku Bank Ltd 4,164,000 0.0545,000 Hokuhoku Financial Group 9,225,000 0.1110,300 Hokuriku Elec.jpy 500 21,176,800 0.2554,000 Honda Motor Co.ltd 178,200,000 2.102,500 House Foods Corp 3,397,500 0.0414,400 Hoya Corp 36,993,600 0.448,000 Hyakugo Bank Ltd (105th Bank) 3,512,000 0.0410,000 Hyakujuschi Bank Ltd 3,640,000 0.043,500 Ibiden Co Ltd 11,270,000 0.131,100 Idemitsu Kosan 7,788,000 0.0946,000 Ihi Corp 7,866,000 0.0919 Inpex Holdings Inc Tokyo 13,034,000 0.1513,820 Isetan Mitsukoshi Hld Ltd 13,889,100 0.1633,000 Isuzu Motors Ltd 8,349,000 0.102,100 It Holdings Corp 2,389,800 0.03A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.31

Universe, The CMI Global Network FundCMI Japan Enhanced EquityPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue JPYMarktwertJPY% of NetAssets- % desFondsvermögens1,100 Ito En Ltd 1,591,700 0.0263,000 Itochu Corp 51,597,000 0.61900 Itochu Techno-solutions Corp 2,763,000 0.0310,000 Iyo Bank Ltd 8,890,000 0.112,500 Izumi Co Ltd 3,065,000 0.0416,800 J. Front Retailing Co Ltd 9,240,000 0.111,600 Jafco Co Ltd 3,928,000 0.059,000 Japan Airlines Corp Jal 9,000 0.001,600 Japan Petroleum Exploration Co 7,584,000 0.097,000 Japan Steel Works Ltd 7,497,000 0.09239 Japan Tobacco Inc. 83,172,000 0.9822,100 Jfe Holdings Inc 83,206,500 0.9810,500 Jgc Corp. 17,514,000 0.2126,000 Joyo Bank Ltd 10,842,000 0.1312,500 Js Group Corp 23,787,500 0.285,300 Jsr Corp. Tokyo 10,350,900 0.1212,400 Jtekt Corp 13,689,600 0.1611,000 Juroku Bank Ltd 4,081,000 0.052,200 Kabu.com Securities Co Ltd 1,108,800 0.011,200 Kagome Co Ltd 1,915,200 0.027,000 Kagoshima Bank Ltd 4,599,000 0.0547,000 Kajima Corp. 10,763,000 0.1313,000 Kamigumi Co Ltd 9,776,000 0.123,000 Kandenko Co Ltd 1,782,000 0.027,000 Kaneka Corp. 4,242,000 0.0511,000 Kankaku Securities Co Ltd 1,078,000 0.0121,800 Kansai Electr. Power C. Jpy500 46,695,600 0.5511,000 Kansai Paint Co Ltd Osaka 8,382,000 0.108,000 Kansai Urban Banking Corp 1,160,000 0.0121,000 Kao Corp. 49,770,000 0.5930,000 Kawasaki Heavy Ind. 7,740,000 0.0923,700 Kawasaki Kisen 8,840,100 0.10118 Kddi Corp. 57,112,000 0.678,000 Keihan Electric Railway Co Ltd 3,104,000 0.046,100 Keihin Elec.express Railway Co 4,684,800 0.0611,400 Keio Corp 7,193,400 0.0914,000 Keisei Electric Railway 7,966,000 0.095,000 Keiyo Bank Ltd 2,255,000 0.031,656 Keyence Corp. 36,995,040 0.445,000 Kikkoman Corp. 5,470,000 0.0612,000 Kinden Corp 9,828,000 0.1219,500 Kintetsu Corp 5,674,500 0.0720,000 Kirin Holdings Co Ltd 27,580,000 0.331,000 Kissei Pharmaceutical Co Ltd 1,943,000 0.02900 Kobayashi Pharmaceutical Co 3,465,000 0.0489,000 Kobe Steel Ltd 17,889,000 0.212,000 Koito Manufacturing Co Ltd 2,776,000 0.034,300 Kokuyo Co Ltd 3,349,700 0.0432,600 Komatsu Ltd 63,896,000 0.75700 Komeri Co Ltd 1,704,500 0.026,000 Konami Corp 10,818,000 0.1319,000 Konica Minolta Holdings Inc 20,729,000 0.24900 Kose Corp Tokyo 1,975,500 0.0226,000 Kubota Corp 22,152,000 0.2618,000 Kuraray Co Ltd 22,644,000 0.272,700 Kurita Water Ind.ltd 7,141,500 0.087,500 Kyocera Corp. 68,325,000 0.819,231 Kyowa Hakko Kogyo Co 8,907,915 0.1118,200 Kyushu Electr.power Co/jpy 500 37,037,000 0.443,600 Lawson Inc 14,364,000 0.173,000 Leopalace21 Corp 1,455,000 0.021,100 Lintec Corp 2,010,800 0.027,600 Lion Corp. 3,579,600 0.042,100 Mabuchi Motors 11,298,000 0.134,900 Makita Corp 15,092,000 0.1843 Manex Group Inc 1,978,000 0.0278,400 Marubeni Corp. 45,550,400 0.5410,300 Marui Group Co Ltd 6,983,400 0.084,200 Maruichi Steel Tube 7,963,200 0.094,400 Matsui Securities Ltd 2,939,200 0.031,800 Matsumotokiyoshi Holdings Co 3,807,000 0.05Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue JPYMarktwertJPY% of NetAssets- % desFondsvermögens94,000 Matsushita Electr.ind. 134,420,000 1.596,000 Matsushita Electric Works Ltd 7,080,000 0.0846,100 Mazda Motor Corp 12,124,300 0.147,900 Mediceo Paltac Holdings Co Ltd 8,745,300 0.102,419 Meiji Holdings Co Ltd 8,780,970 0.1017,000 Minebea Co Ltd 9,673,000 0.112,100 Miraca Holdings Inc 5,985,000 0.071,200 Misumi Group Inc 2,301,600 0.0344,000 Mitsubishi Chemical Hldgs Corp 21,032,000 0.2556,900 Mitsubishi Corp 139,405,000 1.6453,100 Mitsubishi Electric Corp 45,612,900 0.5441,000 Mitsubishi Estate Co. 62,730,000 0.7421,000 Mitsubishi Gas Chemical 11,823,000 0.14154,000 Mitsubishi Heavy Industries 59,598,000 0.708,000 Mitsubishi Logistics Corp 9,296,000 0.1144,000 Mitsubishi Materials Corp 11,836,000 0.1439,000 Mitsubishi Motor Corp. 4,953,000 0.069,000 Mitsubishi Rayon Co. Ltd 3,555,000 0.048,500 Mitsubishi Tanabe Pharma Corp 11,220,000 0.13558,870 Mitsubishi Ufj Financial Group 273,846,300 3.231,940 Mitsubishi Ufj Lease & Finance 6,596,000 0.0870,300 Mitsui & Co Ltd 110,441,300 1.3030,000 Mitsui Chemicals Inc. 8,490,000 0.1031,000 Mitsui Engin.+shipbuil 7,223,000 0.0934,000 Mitsui Fudosan Co 53,958,000 0.6414,000 Mitsui Mining+smelting 3,920,000 0.0542,500 Mitsui O.s.k.lines Ltd Tokyo 28,517,500 0.344,000 Mitsumi Electric Co 8,184,000 0.10443,900 Mizuho Financial Group Inc 82,121,500 0.9765,000 Mizuho Trust & Banking Co Ltd 6,110,000 0.074,000 Mochida Pharmaceutical 3,560,000 0.042,700 Mori Seiki 3,113,100 0.0416,500 Msig Holdings 42,817,500 0.518,800 Murata Manufacturing Co Ltd 46,728,000 0.55900 Musashino Bank Ltd 2,415,600 0.031,000 Nabtesco Corp 1,246,000 0.012,000 Nagase + Co Ltd 2,338,000 0.0334,900 Nagoya Railroad Co Ltd 9,353,200 0.118,800 Namco Bandai Hldg 8,016,800 0.0912,000 Nanto Bank Ltd 6,336,000 0.0786,800 Nec Corp 24,390,800 0.29700 Nec Electronics Corp 662,900 0.019,000 Ngk Insulators Ltd 17,163,000 0.205,000 Ngk Spark Plug Co Ltd 6,350,000 0.089,000 Nhk Spring Co 7,722,000 0.0910,000 Nichirei Corp. 3,500,000 0.041,400 Nidec Corp 14,028,000 0.172,000 Nidec Sankyo Corp 1,654,000 0.025,400 Nikon Corp. 11,021,400 0.134,200 Nintendo Co.ltd 131,460,000 1.5512,000 Nippon Electric Glass 15,804,000 0.1944,000 Nippon Express Co.ltd 17,688,000 0.217,000 Nippon Kayaku Co Ltd 5,684,000 0.077,000 Nippon Meat Packers 8,281,000 0.1036,600 Nippon Mining Holdings Inc 15,994,200 0.1958,000 Nippon Oil Corp 27,318,000 0.327,000 Nippon Paint Co Ltd 4,284,000 0.054,400 Nippon Paper Group Inc 10,582,000 0.1233,000 Nippon Sheet Glass Co. 9,108,000 0.118,000 Nippon Shokubai Co Ltd 6,760,000 0.08162,400 Nippon Steel Corp 59,600,800 0.7026,000 Nippon Tel&tel 102,440,000 1.21150 Nippon Television Netw 1,908,000 0.0256,000 Nippon Yusen K K 20,664,000 0.2424,000 Nipponkoa Insurance Co Ltd 14,088,000 0.171,000 Nipro Corp 1,806,000 0.0226,000 Nishi Nippon City Bk 7,176,000 0.086,000 Nishi-nippon Railroad 2,166,000 0.035,000 Nissan Chemical Ind. 6,540,000 0.08107,500 Nissan Motor Co.ltd 86,107,500 1.027,000 Nissay Dowa General Insurance 3,381,000 0.04A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.32

Universe, The CMI Global Network FundCMI Japan Enhanced EquityPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue JPYMarktwertJPY% of NetAssets- % desFondsvermögens900 Nissha Printing Co Ltd 3,285,000 0.048,500 Nisshin Seifun Group Inc 10,259,500 0.1238,000 Nisshin Steel Co Ltd 7,410,000 0.094,600 Nisshinbo Ind. 4,452,800 0.052,600 Nissin Food Products Co.ltd 8,177,000 0.10850 Nitori Co Ltd 6,035,000 0.075,100 Nitto Denko Corp 18,513,000 0.223,800 Nok Corp 5,346,600 0.06143,800 Nomura Holdings Inc 99,078,200 1.173,300 Nomura Real Estate Hdgs Inc 4,758,600 0.064,600 Nomura Research Institute Ltd 9,798,000 0.1216,000 Nsk Ltd 11,808,000 0.1417,000 Ntn Corp 7,174,000 0.0861 Ntt Data Corp 19,001,500 0.22682 Ntt Docomo Inc 97,116,800 1.1545 Ntt Urban Dev Corp 3,555,000 0.0431,000 Obayashi Corp. 12,865,000 0.15210 Obic Co Ltd Tokyo 3,565,800 0.048,500 Odakyu El.railway 6,613,000 0.0812,000 Ogaki Kyoritsu Bk 3,876,000 0.0538,000 Oji Paper Co Ltd 15,580,000 0.183,000 Okasan Holdings Inc 1,341,000 0.026,000 Okuma Corp 4,092,000 0.059,100 Olympus Corp 27,300,000 0.327,500 Omron Corp 16,275,000 0.194,300 Ono Pharmaceutical Co 17,888,000 0.216,000 Onward Holdings Co Ltd 4,374,000 0.05400 Oracle Corp Japan Toky 1,734,000 0.021,500 Oriental Land Co Ltd 9,780,000 0.124,260 Orix Corp 35,315,400 0.4276,000 Osaka Gas Co Ltd 25,460,000 0.30500 Osaka Titanium Technologies Co 1,937,500 0.02400 Otsuka Corp 2,376,000 0.034,600 Pacific Metals Co Ltd 3,574,200 0.042,000 Panahome Corp 1,248,000 0.01300 Point Inc 1,680,000 0.023,550 Promise Co Ltd 3,077,850 0.046,200 Qp Corp. 6,293,000 0.0711,000 Rengo Co Ltd 6,050,000 0.0719,900 Resona Holdings Inc 23,521,800 0.2814,000 Ricoh Co.ltd 20,440,000 0.241,400 Rinnai Corp. 6,874,000 0.083,600 Rohm Co.ltd 25,128,000 0.30500 Ryohin Keikaku Co Ltd 1,972,500 0.024,900 Sagami Railway Co Ltd 1,935,500 0.025,000 San-in Godo Bank Ltd 3,900,000 0.052,300 Sankyo 10,637,500 0.132,600 Santen Pharmaceutical 7,295,600 0.0971,000 Sanyo Electric Co.ltd 10,650,000 0.1313,500 Sapporo Hokuyo Holdings Inc 5,764,500 0.077,000 Sapporo Holdings Ltd 3,416,000 0.04652 Sbi Holdings Inc 12,029,400 0.146,800 Secom Ltd 27,812,000 0.337,000 Sega Sammy Holding Inc 7,924,000 0.096,000 Seiko Epson Corp 8,712,000 0.108,000 Seino Holdings Co Ltd 5,328,000 0.0617,000 Sekisui Chemical Co Ltd 10,778,000 0.1320,000 Sekisui House Ltd 18,680,000 0.2239,500 Seven & I Holdings Co Ltd 89,230,500 1.0513,000 Seventy-seven (77) Bank 6,942,000 0.08210 Sfcg Co Ltd 0.00 0.0020,000 Sharp Corp. 23,380,000 0.289,000 Shiga Bank Ltd 5,310,000 0.065,600 Shikoku Electric Power Co Inc. 14,834,400 0.181,000 Shima Seiki Mfg Ltd 2,090,000 0.022,400 Shimachu Co Ltd 4,785,600 0.0612,000 Shimadzu Corp 8,988,000 0.11500 Shimamura Corp. 4,140,000 0.052,000 Shimano Inc. 8,270,000 0.1030,000 Shimizu Corp 11,700,000 0.1413,900 Shin-etsu Chemical Co 75,477,000 0.89Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue JPYMarktwertJPY% of NetAssets- % desFondsvermögens3,000 Shinko Electric Industries Co 4,338,000 0.0520,000 Shinko Securities Co Ltd 5,920,000 0.0766,000 Shinsei Bank Ltd 7,458,000 0.094,600 Shionogi & Co Ltd 8,178,800 0.1012,100 Shiseido Co.ltd 24,563,000 0.2921,000 Shizuoka Bank Ltd 17,115,000 0.2038,000 Showa Denko Kk 8,018,000 0.091,400 Showa Shell Sekiyu Kk 884,800 0.0120 Sky Perfect Jsat Holdings Inc 804,000 0.011,700 Smc Corp 21,573,000 0.2521,100 Softbank 48,593,300 0.572,000 Sohgo Security Services Co 2,166,000 0.0382,400 Sojitz Corp 14,914,400 0.1830,000 Sompo Japan Insurance Inc 19,680,000 0.2339,300 Sony Corp Jpy 50 140,694,000 1.6637 Sony Financial Holding Inc 11,359,000 0.131,300 Square Enix 2,657,200 0.036,700 Stanley Electric Co Ltd 12,147,100 0.142,800 Sumco Corp 5,566,400 0.071,000 Sumisho Computer Systems Corp. 1,356,000 0.028,000 Sumitomo Bakelite Co 4,288,000 0.0539,000 Sumitomo Chemical Co.ltd 17,823,000 0.2163,600 Sumitomo Corp. 68,370,000 0.8131,000 Sumitomo Electric Industries 35,526,000 0.425,900 Sumitomo Forestry Co. 4,501,700 0.0521,800 Sumitomo Heavy Industries 12,273,400 0.14161,000 Sumitomo Metal Industries 45,563,000 0.5425,000 Sumitomo Metal Mining Co.ltd 34,775,000 0.4155,900 Sumitomo Mitsui Financial Gr. 172,731,000 2.0411,000 Sumitomo Osaka Cement Co Ltd 1,782,000 0.02230 Sumitomo Real Estate Sales 933,800 0.0118,000 Sumitomo Realty+development 32,022,000 0.385,900 Sumitomo Rubber Ind. 4,861,600 0.0650,000 Sumitomo Tr.+banking 27,400,000 0.321,000 Sundrug Co Ltd 2,220,000 0.038,000 Suruga Bank Ltd 6,688,000 0.081,300 Suzuken Co 4,283,500 0.0510,800 Suzuki Motor Corp 22,280,400 0.26575 Sysmex Corp. Kobe 3,151,000 0.049,900 T&d Holdings Inc Tokyo 21,908,700 0.2625,000 Taiheiyo Cement Corp. Tokyo 3,350,000 0.0447,000 Taisei Corp. 9,682,000 0.119,500 Taisho Pharmaceutical Co.ltd 16,150,000 0.197,000 Taiyo Nip.sanso Corp 6,398,000 0.083,700 Taiyo Yuden Co Ltd 5,464,900 0.066,000 Takara Holdings Inc 3,144,000 0.0413,000 Takashimaya Co Ltd 9,984,000 0.121,500 Takata Corp Tokyo 3,594,000 0.0423,400 Takeda Pharmaceutical Co Ltd 96,291,000 1.142,110 Takefuji Corp 839,780 0.011,000 Tdk Corp 6,220,000 0.0725,000 Teijin Ltd 7,850,000 0.095,000 Terumo Corp. 24,900,000 0.294,700 Thk Co Ltd 9,588,000 0.1116,800 Tobu Railway Co.ltd 8,719,200 0.109,000 Toda Corp 3,033,000 0.044,100 Toho Co Ltd .tokyo 6,174,600 0.0717,200 Toho Gas Co Ltd 8,772,000 0.101,100 Toho Titanium Co Ltd 2,546,500 0.0314,800 Tohoku Electr.power Jpy 500 29,244,800 0.357,000 Tokai Carbon Ltd 3,808,000 0.051,500 Tokai Rika Co Ltd 2,878,500 0.03900 Tokai Rubber Industries Ltd 1,150,200 0.0123,500 Tokio Marine Holdings Inc 61,875,500 0.7313,000 Tokuyama 6,734,000 0.081,200 Tokyo Broadcast.syst. 1,699,200 0.0232,900 Tokyo Electric Power Jpy 500 81,986,800 0.973,400 Tokyo Electron Co Ltd 21,080,000 0.2597,000 Tokyo Gas Co.ltd 39,964,000 0.475,400 Tokyo Steel Mfg 6,323,400 0.072,000 Tokyo Style Co Ltd 1,300,000 0.02A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.33

Universe, The CMI Global Network FundCMI Japan Enhanced EquityPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue JPYMarktwertJPY% of NetAssets- % desFondsvermögens9,000 Tokyo Tatemono Co Ltd 3,024,000 0.0425,000 Tokyu Corp 9,775,000 0.1216,000 Tokyu Land Corp. 5,712,000 0.0714,796 Tonengeneral Sekiyu Kk Tokyo 11,674,044 0.14900 Toppan Forms Co Ltd .tokyo 928,800 0.0125,000 Toppan Printing Co.ltd 21,100,000 0.2524,000 Toray Industries Inc. 13,104,000 0.1593,500 Toshiba Corp 45,160,500 0.533,000 Toshiba Tec Corp. 1,110,000 0.0124,000 Tosoh Corp 5,712,000 0.0710,800 Toto Ltd 6,879,600 0.087,500 Toyo Seikan Kaisha Ltd 12,420,000 0.155,000 Toyo Suisan Kaisha 12,090,000 0.1420,000 Toyobo Co Ltd 2,980,000 0.041,900 Toyoda Gosei Co Ltd 4,979,900 0.06500 Toyota Auto Body 799,000 0.01500 Toyota Boshoku Corp. 898,000 0.017,000 Toyota Industries Corp 18,690,000 0.2297,600 Toyota Motor Corp. 365,512,000 4.317,700 Toyota Tsusho Corp. 11,288,200 0.134,100 Trend Micro Inc..tokyo 13,366,000 0.162,252 Tsumura & Co 6,114,180 0.075 Tv Asahi Corp 710,000 0.017,600 U N Y Co Ltd 5,874,800 0.0736,000 Ube Industries Ltd 8,640,000 0.101,300 Ulvac Inc 3,155,100 0.04600 Uni-charm Corp. 5,418,000 0.065,400 Ushio Inc 8,564,400 0.101,460 Uss Co Ltd Tokai 9,271,000 0.115,000 Wacoal Holdings Corp 5,840,000 0.0760 West Japan Railway Co 19,320,000 0.23414 Yahoo Japan Corp Tokyo 14,096,700 0.174,408 Yakult Honsha 11,116,975 0.133,180 Yamada Denki Co Ltd 21,942,000 0.268,000 Yamaguchi Financial Group Inc 8,184,000 0.107,300 Yamaha Corp. 8,811,100 0.106,200 Yamaha Motor Co Ltd 8,686,200 0.102,900 Yamatake Corp 6,339,400 0.0716,600 Yamato Holdings Co Ltd 21,812,400 0.263,200 Yamato Kogyo Co Ltd 9,936,000 0.125,000 Yamazaki Baking Co 5,785,000 0.077,000 Yaskawa Electric Corp. 5,985,000 0.078,400 Yokogawa Electric Corp 6,837,600 0.0818,000 Yokohama Rubber Co Ltd 7,920,000 0.096,000 Zeon Corp 3,276,000 0.04TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTAND8,284,485,066 97.73OTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN192,444,603 2.278,476,929,670 100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.34

Universe, The CMI Global Network FundCMI Japan Enhanced EquitySector Analysis of Portfolio as at 31 March 2010Analyse des Wertpapierbestandes nach Sektoren zum31. März 2010SectorSektor% of NetAssets- % desFondsvermögensHolding and finance companies - Holding- und Finanzgesellschaften 16.96Electronic semiconductor - Elektronischer Halbleiter 13.85Automobile industry - Automobilindustrie 10.01Other business houses - Diverse Handelshäuser 5.24Public services - Energie und Wasserversorgung 5.07Pharmaceuticals and cosmetics - Pharmazeutika und Kosmetik 5.02Banks and financial institutions - Banken, Kreditinstitute 4.75Mechanics, machinery - Maschinen- und Apparatebau 4.19Transport - Verkehr und Transport 3.91Chemicals - Chemie 3.81News transmission - Nachrichtenübermittlung 3.07Construction, building materials - Bau, Baustoffe 2.92Electronics and electrical equipment - Elektrotechnik und Elektronik 2.88Real estate - Immobiliengesellschaften 2.03Coal mines, heavy industries - Bergbau, Schwerindustrie 1.88Internet software - Internet software 1.60Office equipment, computers - Büroeinrichtung, Computer 1.41Tobacco and spirits - Tabak und alkoholische Getränke 1.33Retail trade, department stores - Einzelhandel und Warenhäuser 1.14Food and distilleries - Nahrungsmittel, alkoholische Getränke 1.02Graphic art and publishing - Grafik und Verlage 0.82Tyres and rubber - Gummi und Reifen 0.77Petrol - Treibstoff 0.72Insurance - Versicherungen 0.70Non-ferrous metals - Nichteisenmetalle 0.70Other services - Sonstige Dienstleistungen 0.43Consumer goods - Verschiedene Konsumgüter 0.36Photography and optics - Photo und Optik 0.32Forest products and paper industry - Papier und Holz 0.30Package and container industry - Verpackungsindustrie 0.22Textile - Textil- und Bekleidungsindustrie 0.18Leisure - Freizeit 0.12TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTANDOTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN97.732.27100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.35

Universe, The CMI Global Network FundCMI Pacific Basin Enhanced EquityPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlShares -AktienDescription - WertpapierbezeichnungMarketValue USDMarktwertUSD% of NetAssets- % desFondsvermögensTransferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereAustralia - Australien 23.5214,869 A.b.c. Learning Centres Ltd 0.00 0.0022,414 Adelaide Brighton Ltd 53,020 0.0612,262 Agl Energy 168,973 0.1886,464 Alumina Limited 136,749 0.1468,040 Amcor Ltd 398,624 0.4291,993 Amp Ltd 527,992 0.568,454 Ansell Ltd 94,098 0.1073,166 Anz Banking Group 1,701,206 1.805,606 Apn News & Media Ltd 11,873 0.012,823 Aquila Resources Ltd 27,254 0.034,460 Asx Limited 138,786 0.1524,678 Australand Property Group 11,539 0.0111,592 Awb Ltd -b- 10,150 0.0138,041 Axa Asia Pacific Holdings Ltd 220,428 0.2311,415 Bank Of Queensland Ltd 123,392 0.132,435 Bendigo And Adelaide Bank Ltd 22,325 0.0277,455 Bhp Billiton Ltd 3,095,527 3.285,203 Billabong International Ltd 53,905 0.063,001 Bluescope Steel Ltd 8,007 0.0133,817 Boral Ltd 173,939 0.1822,436 Brambles Ltd 151,398 0.16734 Caltex Australia Ltd 7,611 0.0120,963 Challenger Fin.services Group 80,724 0.0921,776 Charter Hall Office Reit 5,690 0.0115,286 Coca-cola Amatil Ltd 157,668 0.17396 Cochlear Limited 26,446 0.0313,634 Computershare Limited Cpu 156,504 0.1717,288 Consolidated Media Holding Ltd 49,929 0.051,857 Corporate Express Australia 9,517 0.0115,473 Csl Ltd 516,811 0.5538,084 Cwthbk Of Australia *opr* 1,965,496 2.0812,724 Downer Edi Ltd 88,195 0.092,368 Elders 2,779 0.003,579 Energy Resources Australia -a- 62,019 0.0720,019 Envestra Ltd 9,361 0.011,915 Flight Centre Limited 36,836 0.0480,180 Foster S Group Ltd 388,884 0.4154,206 Goodman Fielder Ltd 71,069 0.0825,833 Goodman Group 15,514 0.0215,756 Gunns Ltd 6,934 0.0116,603 Gwa International Ltd 50,539 0.0518,713 Harvey Norman Holdings Ltd 62,108 0.0721,324 Iluka Resources Ltd 85,633 0.0957,525 Incitec Pivot Ltd 183,014 0.199,688 Insurance Australia Group Ltd 34,464 0.0428,079 Intoll Grp /stapled 28,834 0.031,275 Ioof Holdings Ltd 7,972 0.011,782 Leighton Hld Ltd 63,719 0.071,950 Lend Lease Corp. 15,483 0.02Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue USDMarktwertUSD% of NetAssets- % desFondsvermögens34,135 Macquarie Airports 96,707 0.107,435 Macquarie Atlas Roads Group 6,408 0.017,712 Macquarie Group Ltd 334,093 0.3528,400 Metcash Ltd /deferred Delivery 107,800 0.118,807 Mirvac Group 11,910 0.0164,256 National Australia Bank Ltd 1,621,289 1.729,013 New Hope Corp Ltd 42,723 0.059,165 Newcrest Mining 275,784 0.295,335 Nufarm Limited 40,256 0.0475,155 Onesteel Ltd 268,733 0.2820,303 Orica Limited 498,691 0.5327,470 Origin Energy Ltd *opa* 416,826 0.44239 Perpetual Ltd 7,731 0.0124,362 Qbe Insurance Group 465,265 0.4910,519 Rio Tinto Limited 756,117 0.8026,063 Santos Ltd *opr* 350,313 0.3767,274 Sigma Pharmaceuticals Ltd 55,512 0.061,241 Sims Group Ltd 24,645 0.03654 Sonic Healthcare 8,617 0.0120,565 Sp Ausnet Stapled Sec 17,064 0.026,804 Spotless Group Ltd 17,779 0.0261,057 Suncorp Metway Ltd 478,070 0.5128,863 Tabcorp Holdings Ltd 182,595 0.1975,176 Tatts Group Ltd 169,556 0.18137,348 Telstra Corporation Ltd 376,523 0.402,917 Ten Network Holdings Ltd 5,081 0.0137,474 Toll Holdings Ltd 254,937 0.2710,406 Tower Australia Group Ltd 25,283 0.0362,235 Transurban Group 288,154 0.3026,350 Wesfarmers Ltd 768,015 0.813,911 Wesfarmers/partially Protected 114,279 0.121,966 West Australian Newspapers Hld 14,294 0.0172,619 Westpac Banking Corp *opr* 1,853,608 1.965,061 Woodside Petroleum Ltd 217,624 0.2316,349 Woolworths 419,708 0.4412,626 Worleyparsons Ltd 294,613 0.31Bermuda Islands - Bermudas 2.8033,000 C C Land Holdings Limited 13,984 0.0214,000 Cafe De Coral Holdings Ltd 32,964 0.0417,000 Cheung Kong Infrastructure Hld 65,800 0.0732,000 China Foods Ltd 26,091 0.0329,000 China Yurun Food Group Ltd 88,528 0.0912,000 Chinese Estates Holdings Ltd 20,063 0.0255,200 Citic Resources Hld Ltd 13,794 0.0170,000 Cnpc Hk 98,279 0.1032,000 Cosco Pacific Ltd 48,472 0.0510,307 Esprit Holdings Ltd 81,316 0.09106,800 First Pacific Co Ltd 69,195 0.07385,320 Gome Electrical Appliance Hold 129,538 0.1411,000 Great Eagle Holdings Ltd 30,888 0.034,000 Guoco Group Ltd 41,527 0.0455,000 Hongkong Land Hlds Ltd 278,850 0.3016,000 Hopson Development Hldgs Ltd 25,844 0.035,000 Huaba0 Intl 6,035 0.01A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.36

Universe, The CMI Global Network FundCMI Pacific Basin Enhanced EquityPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue USDMarktwertUSD% of NetAssets- % desFondsvermögens92,000 Hutchison Harbor Ring 9,717 0.0110,800 Jardine Matheson Hldgs 359,640 0.385,000 Jardine Strategic Hlds. *opr* 96,200 0.1058,000 Johnson Electric Holdings Ltd 38,400 0.0414,000 Kerry Properties Ltd 75,107 0.0888,000 Li & Fung Ltd 432,994 0.4617,000 Mongolia Energy Corp. 7,861 0.0150,000 Nine Dragons Paper Hldgs Ltd 83,595 0.0965,800 Noble Group Ltd 143,851 0.1511,000 Nws Holdinds Ltd 21,961 0.026,500 Orient Overseas (international) 48,183 0.0522,000 People S Food Holdings 9,352 0.0136,000 Shangri-la Asia Ltd 70,668 0.08177,500 Shenzhen Intl Hlds Ltd 13,718 0.0174,000 Sinofert Holdings Ltd 44,227 0.0520,000 Texwinca Holdings Ltd 22,077 0.0224,000 Tpv Technology Ltd 16,168 0.0221,500 Yue Yuen Ind Hld Ltd 74,772 0.08Cayman Islands - Cayman Inseln 2.5026,000 Agile Property Holdings Ltd 35,499 0.0427,000 Alibaba.com 54,323 0.0623,000 Anta Sports Products Ltd 37,980 0.047,100 Asm Pacific Technology Ltd 67,400 0.0786,000 Belle International Holdi Ltd 115,647 0.1213,000 Ch Hs Transmiss Eq Gr Co Ltd 28,734 0.0380,000 China Dongxiang (group) Co Ltd 57,705 0.0635,000 China Huiyuan Jui.grp Ltd 25,111 0.0333,000 China Mengniu Dairy Co Ltd 102,864 0.1148,000 China Resources Land 104,364 0.1142,800 China Zhongwang 37,598 0.0456,000 Country Garden Holdings 20,125 0.0264,000 Foxconn International Hldg Ltd 67,515 0.07231,000 Gcl-poly Energy Holdings Ltd 54,153 0.06110,000 Geely Automobile Hld Ltd 58,233 0.0632,000 Global Bio-chem Technology 8,037 0.0115,000 Golden Eagle Retail Group Ltd 29,986 0.0320,500 Greentown China Holdings Ltd 28,887 0.0329,000 Hengan Intl Group 216,278 0.2332,000 Hidili Industry Int Dvlpt Ltd 34,829 0.0430,000 Hopewell Highway Infrastr. 20,480 0.0241,000 Hutchi Tele Hk 7,077 0.0141,000 Hutchison Telecomm.internat. 11,249 0.0126,000 Kingboard Chemicals Holdings 118,386 0.1318,500 Kwg Property Holding Ltd 13,440 0.0241,200 Lee & Man Paper 32,212 0.0325,500 Li Ning Company Ltd 92,460 0.1010,500 Lifestyle Intl Holdings Ltd 18,961 0.0230,600 New World China Land Ltd 10,918 0.0116,500 Parkson Retail Group Ltd 28,479 0.03218,000 Rehne Commercial Hold Comp Ltd 50,543 0.0566,400 Sands China /ipo 105,541 0.11315,000 Semiconduc.manufact.intl Corp 40,574 0.0424,500 Shimao Property Hld Ltd 45,064 0.0524,400 Shui On Land Ltd 12,477 0.0134,500 Soho China Ltd 19,553 0.0218,000 Tencent Holdings 361,223 0.3852,000 Tingyi Hld Corp.(cayman Isl.) 122,974 0.13% of NetQuantity -Anzahl Description - WertpapierbezeichnungMarketValue USDMarktwertUSDAssets- % desFondsvermögens89,000 Want Want China Holdings Ltd 63,165 0.07China - China 10.6588,000 Air China Ltd 90,906 0.10102,000 Aluminium Corp Of China Ltd 105,368 0.1128,400 Angang Steel Company Ltd -h- 52,091 0.0612,000 Anhui Conch Cement Co Ltd 79,293 0.0812,000 Anhui Expressway Co Ltd H 8,192 0.011,356,000 Bank Of China Ltd-h 723,096 0.77170,000 Bank Of Communications Co -h- 202,547 0.2135,500 Bbmg -h- 35,804 0.0450,000 Beijing Cap.intl Airport H 29,883 0.032,100 Bengang Steel Plates Co Ltd B 1,052 0.0034,900 Boe Technology Group Co Ltd B 10,159 0.0117,600 Byd Company Limited -h- 175,351 0.1956,000 China Bluechemical Ltd -h- 36,498 0.04240,000 China Citic Bk -h- 179,916 0.19101,000 China Coal Energy Co Ltd -h- 157,674 0.1750,000 China Communicat.services -h- 25,117 0.03115,000 China Communications Constr-h- 108,577 0.111,655,000 China Construction Bank Corp 1,355,786 1.4468,000 China Cosco Holdings -h- 90,041 0.1048,000 China Eastern Airlines H 24,483 0.0336,900 China Intl Marine B 51,760 0.0539,000 China Lg Pwr -h 46,216 0.05177,000 China Life Insurance Co Ltd-h- 848,110 0.9096,050 China Merchants Bank /-h- 259,808 0.276,300 China Merchants Prop.dev.co B 14,112 0.0185,500 China Minsheng Bk -h- 88,213 0.0930,000 China Molybdenum Co Ltd 25,117 0.0337,000 China National Material Co -h- 24,639 0.0334,000 China Natl Blding Material -h- 65,866 0.0740,000 China Oilfield Services 58,736 0.0623,000 China Paci Insu(group) Ltd -h- 101,911 0.11412,000 China Petroleum&chem Corp H 337,513 0.3657,000 China Railway Constr Corp -h- 70,262 0.07115,000 China Railway Group Ltd-h- 82,951 0.0983,500 China Shenhua Energy Co -h- 360,840 0.3897,650 China Shipping Container Lines 38,992 0.0434,000 China Shipping Development -h- 55,531 0.0654,000 China South Locomotive -h- 42,359 0.0454,000 China Southern Airlines H 24,136 0.03398,000 China Telecom Corp Ltd -h- 196,344 0.2134,997 China Vanke Co Ltd B 40,165 0.0416,320 Chong Qing Changan Aut. -b- 14,421 0.0214,100 Csg Holding Co / B 18,307 0.02100,000 Datang Int.power Generation-h- 45,340 0.0514,450 Dazhong Transportation Grp B 12,572 0.014,000 Dongfang Electric Corp.ltd-h- 22,773 0.0268,000 Dongfeng Motor -h- 110,536 0.127,700 Double Coin Holdings Ltd B 5,806 0.0110,900 Erdos Cashmere /-b- 9,178 0.0111,500 Great Wall Motor Co Ltd -h- 23,908 0.0317,200 Guangdong Electric Power B 10,147 0.0144,000 Guangshen Railway Co Ltd H 17,626 0.0225,600 Guangzhou R&f Prop.-h- /new 41,943 0.044,000 Guangzhou Shipyard Intl H 6,914 0.0116,000 Harbin Power Equipment Co H 13,210 0.01A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.37

Universe, The CMI Global Network FundCMI Pacific Basin Enhanced EquityPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue USDMarktwertUSD% of NetAssets- % desFondsvermögens38,000 Huadian Power Intl Corp -h- 9,545 0.0182,000 Huaneng Power Intl H 47,635 0.051,526,439 Ind & Com Boc -h- 1,163,958 1.239,700 Inner Mong.yitai Coal Co B 90,491 0.1038,000 Jiangsu Expressway Co H 35,878 0.0437,000 Jiangxi Copper Co Ltd H 83,593 0.097,800 Jinqiao Export B 7,667 0.011,560 Jinzhou Port Co Ltd 805 0.006,000 Lianhua Supermarket Hlgs -h- 21,601 0.0254,000 Maanshan Iron & Steel Co H 31,300 0.0375,000 Metallurgical Corp Of China-h- 41,057 0.04502,000 Petrochina Co Ltd /-h- 587,118 0.6288,000 Picc Property & Casualty -h- 89,659 0.0947,500 Ping An Insur.(grp)co -h- 409,313 0.4317,500 Shandong Chenming Paper -b- 13,119 0.012,700 Shanghai Chlor-alkali Chem. B 1,212 0.0088,000 Shanghai Electric Group Co -h- 42,846 0.059,100 Shanghai Haixin B 4,277 0.0016,000 Shanghai Lujiazui Fin. B 29,552 0.035,300 Shanghai Outer Gaoqiao Free B 5,221 0.0137,830 Shanghai Zhenhua Port Mach. B 28,751 0.0322,000 Shenzhen Expressway H 11,562 0.0172,000 Sinopec Shanghai Petrochem.-h- 28,564 0.0316,000 Sinopharm Group Co -h- 71,925 0.0853,000 Sinotrans Ltd 14,677 0.029,000 Travelsky Technology Ltd -h- 7,524 0.0114,000 Tsingtao Brewery Co Ltd H 70,418 0.074,800 Weichai Power Co Ltd /-h- 40,188 0.043,600 Weifu High Technology -b- 4,952 0.0118,500 Weiqiao Textile Company Ltd 14,679 0.024,400 Yantai Changyu Pioneer Wine-b- 36,612 0.0448,000 Yanzhou Coal Mining Co H 115,493 0.1213,500 Zhaojin Mining Ind.-h- 26,396 0.0346,000 Zhejiang Expressway Co Ltd H 41,535 0.0425,100 Zhejiang Southeast El.pow. B 16,315 0.02100,000 Zijin Mining Group -h- 78,829 0.087,664 Zte Corp H 46,446 0.05Great Britain - Großbritannien 0.0720,700 Astro All Asia Networks Plc 27,160 0.036,400 Tanjong Plc 35,198 0.04Hong Kong - Hongkong 10.109,000 Beijing Enterprises Hld Ltd 62,542 0.0742,060 Bk Of East Asia Ltd 154,943 0.16139,000 Boc Hong Kong Holdings Ltd 331,583 0.3528,000 Cathay Pacific Airways 59,003 0.06139,804 Chaoda Modern Agricult.hold. 148,923 0.1642,000 Cheung Kong Holdings Hkd0.5 540,985 0.5736,000 China Agri Industries Holdings 49,709 0.0522,000 China Everbright Ltd 58,942 0.0621,000 China Insurance International 73,439 0.0832,000 China Merchants Holdings 117,883 0.13148,000 China Mobile Ltd 1,424,028 1.51101,440 China Overseas Land+investment 229,179 0.2430,000 China Resources Enterprise Ltd 111,482 0.1234,000 China Resources Power Holdings 72,786 0.0884,000 China Travel Intl Investm.h.k. 22,830 0.02Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue USDMarktwertUSD% of NetAssets- % desFondsvermögens172,448 China Unico (hk) 194,136 0.2127,000 Citic Pacific Ltd 64,547 0.0748,000 Clp Holdings Ltd 343,139 0.36425,000 Cnooc Ltd 699,610 0.743,600 Dah Sing Financial Hlds Ltd 19,707 0.02144,000 Denway Motors Ltd 76,603 0.087,140 Foshan Electrical And Lighting 6,033 0.0160,000 Fosun International Ltd 47,993 0.0586,000 Fushan Internat Energy Group 65,356 0.0744,000 Galaxy Entertainment Group 20,289 0.0254,000 Guangdong Investment Ltd 29,213 0.03138,000 Guangzhou Investment Co Ltd 37,150 0.0418,900 H.k.exchanges And Clearing Ltd 315,502 0.3318,000 Hang Lung Group Ltd 95,522 0.1035,000 Hang Lung Properties Ltd 141,107 0.1514,000 Hang Seng Bank Ltd 195,115 0.2135,495 Henderson Land Dev. 250,087 0.2789,129 Hongkong & China Gas 222,260 0.241,200 Hongkong Aircraft Eng. 15,155 0.0254,500 Hongkong Electric Holdings Ltd 323,268 0.3434,000 Hongkong+shangh.hotels 52,553 0.0616,500 Hopewell Holdings Ltd 48,882 0.0570,500 Hutchison Whamp/hk0.25 515,791 0.5526,000 Hysan Development Co 75,184 0.0813,000 Industr.and Comm.bk Of China 32,552 0.0418,000 Kowloon Development Co Ltd 22,814 0.02236,000 Lenovo Group Ltd 162,934 0.1713,500 Mass Transit Railway Corp 51,123 0.0520,000 Melco Intl Dvpt Ltd 8,965 0.0135,000 New World Development Co. Ltd 68,525 0.07160,000 Pccw Ltd 47,607 0.0547,000 Poly(hong Kong)investments Ltd 59,994 0.0614,000 Shanghai Industrial Holdings 64,197 0.0742,000 Shenzhen Investment Ltd 15,580 0.0210,000 Shun Tak Holdings Ltd 6,453 0.0158,000 Sino Land Co Ltd 113,705 0.1289,000 Sino-ocean Land Holdings Ltd 78,412 0.0846,061 Sun Hung Kai Properties Ltd 692,967 0.7330,000 Swire Pacific Ltd A 360,914 0.3862,500 Techtronic Industries Co Ltd 50,717 0.054,000 Television Broadcasts Ltd 19,372 0.0242,875 Wharf Hld .the 241,612 0.2630,000 Wheelock & Co 88,490 0.094,000 Wing Hang Bank 36,581 0.04India - Indien 2.43480 Aban Offshore 12,399 0.015,278 Adani Enterprises Ltd/demat. 55,085 0.06302 Aditya Birla Nuvo Ltd/demater. 6,082 0.012,000 Bajaj Auto Ltd 89,538 0.10984 Bajaj Holdings And Invest Ltd 13,209 0.011,806 Bank Of India/dematerialised 13,654 0.012,940 Bharat Forge Ltd /demat. 16,616 0.0236,844 Bharti Airtel Ltd/demat *** 255,876 0.273,076 Cipla Ltd /demat. 23,126 0.027,061 Crompton Greaves Ltd/demat. 40,942 0.041,328 Divi S Laboratories Ltd 20,015 0.0223,719 Essar Oil Ltd- Dematerialised 72,836 0.08A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.38

Universe, The CMI Global Network FundCMI Pacific Basin Enhanced EquityPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue USDMarktwertUSD% of NetAssets- % desFondsvermögens571 Financial Techno.india /demat. 19,902 0.022,165 Godrej Industries Ltd/demater. 6,745 0.011,781 Grasim Indust./dematerialised 111,394 0.122,619 Great Eastern Shipping/demater 17,121 0.025,727 Hindalco Industries / Demat. 23,065 0.024,707 Hindustan Petr./dematerialised 33,317 0.04664 Hindustan Zinc/dematerialised 17,749 0.021,316 Housing Development And Infra 8,373 0.014,279 Idbi Bank Ltd 10,934 0.015,114 Indian Oil Corp/dematerialised 33,607 0.041,239 Infosys Tech Ltd /demat 72,019 0.0851,805 Itc Ltd /demat 302,799 0.322,389 Jaiprakash Association Ltd 7,939 0.011,036 Jsw Steel Ltd / Demat 28,425 0.0313,300 Lanco Infratech Ltd Shs 15,412 0.027,424 Larsen & Toubro Ltd / Demat. 269,027 0.291,213 Lupin Limited /dematar. 43,862 0.053,651 Mahanagar Teleph./dematerial. 5,938 0.015,538 Mangalore Ref And Petrol Demat 9,377 0.011,647 Mundra Port & Special Eco Zone 28,896 0.031,255 Natl Aluminium Co Ltd/demater. 11,362 0.011,000 Nestle India /dematerialised 59,341 0.063,229 Neyveli Lignite Corp Ltd/demat 10,400 0.01854 Ntpc Ltd / Dematerialised 3,933 0.00293 Oracle Fin.services Soft.ltd 14,974 0.023,248 Piramal Healthcare Ltd 30,654 0.032,796 Power Finance Corporation Ltd 16,051 0.023,087 Punj Lloyd Ltd 12,162 0.01770 Reliance Communications/demat 2,908 0.001,358 Reliance Indus./dematerialised 32,415 0.0314,907 Reliance Natur.resources/demat 20,619 0.0212,000 Reliance Power Ltd 39,849 0.045,354 Sesa Goa Ltd /dematerialised 55,968 0.061,215 Siemens Ltd /dematerialised 19,982 0.021,235 St.bk Of India/dematerialised 57,029 0.066,228 Suzlon Energy Ltd 9,943 0.0124,000 Tambang Batubara /s.-b- 45,940 0.051,789 Tata Chemicals Ltd/ds 13,044 0.018,372 Tata Steel Ltd /dematerial. 117,578 0.135,062 Torrent Power 32,489 0.032,241 Unitech Ltd /demat. 3,665 0.00Indonesia - Indonesien 1.84294,000 Adaro Energy 63,392 0.07119,000 Aneka Tambang Tbk Persero 31,419 0.03156,000 Bank Rakyat Indonesia 141,583 0.1528,166 Bk Danamon Indonesia Tbk -a- 16,112 0.02499,500 Bumi Resources 123,638 0.13240,500 Perusahaan Gas Nega -b- 112,444 0.1212,500 Pt Astra Agro Lestari Tbk 33,828 0.0474,000 Pt Astra International Tbk 341,097 0.36301,000 Pt Bank Central Asia Tbk 182,122 0.19105,500 Pt Bank Mandiri Persero Tbk 62,092 0.0715,000 Pt Gudang Garam Tbk/demat 40,841 0.0428,500 Pt Indocement Tunggal /demat. 44,678 0.0597,000 Pt Indofood Sukses 40,283 0.0456,842 Pt Indosat Tbk 34,393 0.0462,500 Pt Intl Nickel Ind Tbk 32,487 0.03Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue USDMarktwertUSD% of NetAssets- % desFondsvermögens46,000 Pt Semen Gresik(persero)tbk 36,941 0.0439,500 Pt Unilever Indonesia /idr 10 52,797 0.06247,500 Telkom Indonesia /s-b- 219,181 0.2361,083 United Tractors 123,307 0.13Isle of Man - DE-Ile de Man 0.10148,800 Genting Singapore Plc 94,083 0.10Malaysia - Malaysia 3.3636,300 Alliance Financial Gr.berhad 32,049 0.0358,800 Ammb Hlds Bhd 90,129 0.1026,171 Berjaya Sports Toto Bhd 35,943 0.043,800 British American Tobacco 51,420 0.0587,800 Bumiputra-commerce Holdings 378,438 0.408,200 Digi.com Bhd 56,761 0.068,600 Eon Capital Bhd 18,534 0.0251,900 Gamuda Bhd 46,140 0.0568,000 Genting Berhad 137,584 0.1514,800 Hong Leong Bank Bhd 39,200 0.0437,240 Ijm Corporation Bhd 55,711 0.06122,613 Ioi Corporation Bhd 202,601 0.2114,200 Kuala Lumpur Kepong Bhd 72,611 0.0813,300 Lafarge Malayan Cement 25,890 0.03130,317 Malayan Banking Berhad 298,426 0.3257,900 Maxis Bhd 94,784 0.1038,300 Misc Bhd /local 95,104 0.1038,100 Mmc Corporation Bhd 28,499 0.0315,251 Parkson Holdings Bhd 27,585 0.039,400 Petronas Dagangan Bhd 26,079 0.0315,700 Petronas Gas Bhd 47,167 0.0553,100 Plus Expressways Bhd 55,021 0.0615,700 Ppb Group Bhd 86,634 0.0986,700 Public Bank /for.reg 310,440 0.331,275 Public Bk Berhad /local 4,550 0.0177,900 Resorts World 68,539 0.0713,400 Rhb Capital Bhd 23,169 0.0231,500 S P Setia 40,365 0.04110,400 Sime Darby Bhd 294,783 0.3132,100 Telekom Malaysia Bhd 33,852 0.0428,700 Tenaga Nasional 70,562 0.07163,025 Tm International Bhd 192,411 0.2022,600 Umw Holdings 43,994 0.0522,440 Ytl Corp Berhad 51,594 0.0553,620 Ytl Power Intl Bhd 35,999 0.04Malta - Malta 0.01214,242 Bgp Holdings 7,351 0.01Mauritius - Mauritius 0.10234,596 Golden Agri-resources Ltd 97,211 0.10Netherlands - Niederland 0.022,300 James Hardie Ind Nv/ Cufs 15,310 0.02New Zealand - Neuseeland 0.3725,088 Auckland Intl Airport Ltd 34,510 0.048,301 Contact Energy Ltd 37,669 0.0414,695 Fisher&paykel Healthc.corp. 34,176 0.0414,844 Fletcher Building 87,885 0.0914,799 Sky City Entertainment Group 33,788 0.04A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.39

Universe, The CMI Global Network FundCMI Pacific Basin Enhanced EquityPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue USDMarktwertUSD% of NetAssets- % desFondsvermögens6,040 Sky Network Televisio.ltd*opa* 22,869 0.0249,224 Telecom Corp.of New Zealand 75,738 0.084,867 The Warehouse Group Ltd 12,941 0.019,395 Vector Ltd 14,123 0.01Papa New Guinea - Papua-Neu Guinea 0.6273,895 Oil Search Ltd. 403,794 0.4365,473 Lihir Gold 181,887 0.19Philippines - Philippinen 0.364,428 Ayala Corp 32,581 0.03113,600 Ayala Land Inc. 32,680 0.0328,800 Banco De Oro Unibank Inc 26,448 0.0332,120 Bk Of The Philippines Islands 31,985 0.031,030 Global Telecom Inc 22,793 0.0212,900 Jollibee Foods Corp. 16,842 0.0211,400 Manila Electric 44,400 0.0516,900 Metropolitan Bank & Trust 18,699 0.021,000 Phil.long Dist.tel. 53,552 0.064,500 Sm Investments Corporations 36,845 0.04116,810 Sm Prime Holdings Inc 25,332 0.03Singapore - Singapur 4.2224,000 Allgreen Properties Ltd 20,404 0.0278,500 Capitaland Ltd 222,651 0.2417,000 City Developments Ltd 128,742 0.1453,228 Comfortdelgro Corporation Ltd 59,324 0.0621,000 Cosco Corporation Singapore 18,604 0.0241,500 Dbs Group Holdings Ltd 423,984 0.4536,000 Fraser And Neave Ltd 123,455 0.135,000 Guocoland Ltd 8,502 0.014,000 Haw Par Corporation Ltd 17,089 0.029,000 Hotel Properties 14,853 0.024,000 Jardine Cycle & Carriage Ltd 83,961 0.0929,000 Keppel Corp Ltd 188,955 0.2018,500 Keppel Land Ltd 48,507 0.0510,000 Mobileone Ltd 14,860 0.0131,500 Neptune Orient Lines 45,235 0.0537,000 Olam International Ltd 68,465 0.0760,600 Oversea-chinese Bk Corp 377,100 0.4023,600 Parkway Holdings Ltd 56,652 0.0623,000 Sembcorp Industries Ltd 67,865 0.0719,800 Sembcorp Marine Ltd 59,271 0.063,000 Sia Engineering Co Ltd 7,609 0.0115,134 Singapore Airlines Ltd 164,347 0.1726,000 Singapore Exchange Ltd 142,102 0.154,000 Singapore Land Ltd 19,433 0.0245,000 Singapore Post Ltd 33,757 0.0439,000 Singapore Press Holdings Ltd 106,437 0.1136,000 Singapore Technologies Eng. 82,046 0.09195,920 Singapore Telec/board Lot 1000 443,714 0.4720,000 Smrt Corporation Ltd Smrt 29,149 0.0318,000 Starhub Ltd 29,449 0.0316,000 Uol Group Ltd 44,581 0.0528,000 Utd Overseas Bk /local 384,483 0.418,000 Venture Corporation Ltd 49,839 0.0511,000 Wheelock Propert(singapore)ltd 14,853 0.0263,000 Wilmar International Ltd 301,565 0.3218,000 Wing Tai Hlds 23,276 0.02Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue USDMarktwertUSD% of NetAssets- % desFondsvermögens41,000 Yangzijiang Shipbuilding Ltd 33,979 0.0417,000 Yanlord Land Group Ltd 22,712 0.02South Korea - Südkorea 13.2080 Amore Pacific Corp (new) 58,203 0.064,420 Bank Of Pusan 47,473 0.051,350 Cheil Industrial Inc 76,258 0.08149 Cheil Worldwide Inc 44,125 0.0595 Cj Cheiljedang Corp 18,896 0.02412 Cj Corporation 24,548 0.033,530 Daegu Bank 47,276 0.051,157 Daelim Industrial Co Ltd 76,709 0.08750 Daewoo Engineering &constr. 7,293 0.012,208 Daewoo International Corp 70,267 0.073,500 Daewoo Securities Co Ltd 63,118 0.071,209 Daewoo Shipbldg+marine Engin. 23,192 0.021,590 Daishin Securities Co Ltd 22,138 0.02198 Dc Chemical Co Ltd 34,481 0.041,760 Dongbu Insurance Co Ltd 50,254 0.05230 Dongkuk Steel Mill Co Ltd 4,676 0.00605 Doosan Corporation 68,724 0.07307 Doosan Heavy Indust.&constr. 24,588 0.03530 Doosan Infracore Co Ltd 9,605 0.01235 Glovis Co Ltd 20,442 0.02502 Gs Engineering&construct. Corp 43,267 0.051,140 Gs Holdings Corp 40,411 0.041,340 Halla Climate Control Corp 16,110 0.022,970 Han Kook Tire Manufacturing Co 56,317 0.063,815 Hana Financial Group Inc 118,205 0.121,112 Hanjin Heavy Industr 25,312 0.0382 Hanjin Shipping Co Ltd 1,482 0.001,427 Hanjin Shipping Co Ltd 39,169 0.041,186 Hanwha Chemical Corp 14,468 0.021,653 Hanwha Corporation 60,277 0.06131 Hite Brewery Co Ltd 16,502 0.02607 Honam Petrochemical Co Ltd 60,903 0.066,430 Hynix Semiconductor Inc 151,766 0.16556 Hyosung Corporation 39,910 0.04509 Hyundai Department Store Co 46,570 0.052,121 Hyundai Developm.co-eng.&cons. 61,968 0.071,229 Hyundai Engineering+constr.co 67,468 0.07861 Hyundai Heavy Industries 180,386 0.191,030 Hyundai Hysco 17,391 0.021,760 Hyundai Merchant Marine Co 47,531 0.05398 Hyundai Mipo Dockyard Co Ltd 54,710 0.062,369 Hyundai Mobis 314,129 0.334,961 Hyundai Motor Co Ltd 506,528 0.544,176 Hyundai Securities Co Ltd 50,206 0.05230 Hyundai Steel Co 17,465 0.022,970 Industrial Bank Of Korea 38,857 0.047,360 Kangwon Land Inc 110,606 0.129,487 Kb Financial Group Inc 457,903 0.48151 Kcc Corp 47,253 0.059,690 Kia Motors Corp. 216,291 0.231,790 Korea Electric Power Corp. 57,835 0.066,640 Korea Exchange Bank 79,242 0.08156 Korea Gas Corp 6,592 0.011,312 Korea Investment Holdings Co 36,070 0.04A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.40

Universe, The CMI Global Network FundCMI Pacific Basin Enhanced EquityPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue USDMarktwertUSD% of NetAssets- % desFondsvermögens8,698 Nan Ya Pcb 34,507 0.04190,920 Nan Ya Plastics Corp 389,533 0.4117,506 Nanya Technology Co Ltd 16,701 0.0215,181 Novatek Microelectronics Corp 47,321 0.0518,360 Oriental Union Chemical Corp. 15,348 0.0255,120 Polaris Securities Co Ltd 28,636 0.0396,043 Pou Chen Corp 78,473 0.087,816 President Chain Store Corp. 19,491 0.0227,891 President Securities Corp 16,115 0.026,096 Qisda Corporation 3,436 0.0081,525 Quanta Computer Inc. 158,121 0.179,475 Realtek Semiconductor Corp 25,567 0.0377,079 Ritek Incorporation 20,095 0.02137,133 Shin Kong Financial Hld Co Ltd 53,972 0.0644,960 Siliconware Precision Industr. 54,218 0.06114,000 Sinopac Holdings 40,560 0.047,450 Synnex Technology Internatl. 16,420 0.02111,336 Taishin Financial Holdings Co 45,221 0.0590,000 Taiwan Business Bank 23,775 0.0333,180 Taiwan Cement Corp 31,289 0.03152,800 Taiwan Cooperative Bank 92,372 0.108,000 Taiwan Fertilizer Co Ltd 25,567 0.0330,323 Taiwan Glass Ind Corp 32,175 0.0380,723 Taiwan Mobile Corp. 151,990 0.1611,000 Taiwan Secom 17,594 0.02747,126 Taiwan Semiconductor Manufact. 1,446,727 1.53105,000 Tatung Co Ltd 25,126 0.0333,000 Teco Electric And Machinery Co 14,495 0.0241,000 Ton Yi Industrial Corp 16,072 0.023,336 Transcend Information Inc 12,079 0.0111,000 U-ming Marine Transport Corp 22,305 0.029,618 Uni-president Enterprises Corp 10,947 0.015,340 Unimicron Technology Corp 6,852 0.01330,302 United Microelectronic Corp 175,238 0.1947,000 Walsin Lihwa Corporation 18,498 0.0223,100 Wan Hai Lines Ltd 12,983 0.0150,762 Waterland Financial Holdings 16,143 0.0231,000 Winbond Electronics Corp. 8,726 0.0127,336 Wistron Corp 49,662 0.0573,000 Yageo Corp 28,501 0.0331,002 Yang Ming Marine Transport 11,616 0.0183,000 Yuanta Financial Holding Co 49,784 0.0551,000 Yuen Foong Yu Paper Manufactur 21,196 0.0211,357 Yulon Motor Co Ltd 12,605 0.01Thailand - Thailand 1.4023,000 Adv.info Serv.pub./for.rg 61,332 0.0718,000 Airports Of Thailand Pub./-f- 21,286 0.0224,500 Bangkok Bank Public /foreign 104,152 0.113,000 Banpu Public Co Ltd/for.reg. 57,320 0.0626,900 Bec World Public Co /foreign 20,625 0.02120,000 Bk Of Ayudhya Public /for.reg. 78,653 0.0844,700 C.p.all -— Shs Foreign Regist 38,005 0.0430,000 Central Pattana Public Co Ltd 19,199 0.0294,300 Charoen Pokphand Foods/foreign 43,732 0.0523,600 Delta Electronics Pub./for.rg 13,717 0.0159,000 Hana Microelectronics/for.reg 39,583 0.04332,300 Irpc /foreign Reg. 47,876 0.05Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue USDMarktwertUSD% of NetAssets- % desFondsvermögens23,900 Italian-thai Dev.pub./for.reg. 1,862 0.0030,800 Kasikornbank Pub.comp./for.reg. 98,081 0.1077,900 Land And House Public/for.reg. 15,053 0.0250,000 Ptt Aromatics&ref.publc Co Ltd 44,443 0.056,300 Ptt Chemical Public Co/foreign 18,504 0.0234,900 Ptt Expl.prod.public /for.reg. 160,232 0.1722,800 Ptt Plc Co Ltd /foreign Reg. 184,686 0.207,974 Siam Cement Public Co/foreign 64,591 0.073,000 Siam City Cement Pub./for.reg. 21,333 0.0232,300 Siam Commerc.bk Publ./for.reg. 91,873 0.1015,600 Thai Airways Intl/foreign Reg. 13,625 0.0125,600 Thai Oil Public Co/for.reg. 39,574 0.0411,900 Thai Union Frozen/foreign Reg. 13,889 0.0231,200 Tpi Polene Public /for.reg. 8,392 0.0123,700 True Corp. Public /foreign 2,242 0.00Options,Warrants,Rights -OptionsscheineInvestmentfunds -AnlagefondsTransferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereIndia - Indien 0.00329 Rights Adani Ent 10-15.04.10 0.00 0.00Transferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereAustralia - Australien 0.5214,863 Cfs Retail Property Trust 25,551 0.0313,061 Commonwth.property Office Fd 10,837 0.0127,154 Dexus Property Group 20,166 0.0214,115 Gpt Group /stapled Security 7,441 0.0111,684 Stockland /units 42,743 0.0434,784 Westfield Group 384,614 0.41France - Frankreich 9.73781 Funglo.ind.eq.i./cap/dis(3dec) 9,188,110 9.73Hong Kong - Hongkong 0.1973,500 The Link Reit 181,203 0.19New Zealand - Neuseeland 0.0222,300 Kiwi Income Property Trust 15,812 0.02Singapore - Singapur 0.2048,000 Ascendas Real Estate Invest. 65,843 0.0754,000 Capitacommercial Trust /reit 41,666 0.0561,400 Capitamall Trust /reit 77,644 0.08Shares -AktienTransferable securities dealt in on another regulated market -An einem anderen geregelten Markt gehandelte WertpapiereSouth Korea - Südkorea 0.01221 Daum Communication Corp 13,168 0.01A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.42

Universe, The CMI Global Network FundCMI Pacific Basin Enhanced EquityPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlDescription -WertpapierbezeichnungMarketValue USDMarktwertUSD% of NetAssets- % desFondsvermögensTaiwan - Taiwan 0.0821,440 Coretronic Corp 30,411 0.0335,000 Kgi Securities Co Ltd 16,420 0.02117,000 Powerchip Semiconductor Corp 19,156 0.0221,105 Vanguard Intl.semiconduct 10,832 0.01TOTAL INVESTMENT PORTFOLIO - 92,729,544 98.23SUMME WERTPAPIERBESTANDOTHER NET ASSETS1,668,189 1.77SONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN94,397,733 100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.43

Universe, The CMI Global Network FundCMI Pacific Basin Enhanced EquitySector Analysis of Portfolio as at 31 March 2010Analyse des Wertpapierbestandes nach Sektoren zum31. März 2010SectorSektor% of NetAssets- % desFondsvermögensBanks and financial institutions - Banken, Kreditinstitute 17.40Investment funds - Investmentfonds 10.23Holding and finance companies - Holding- und Finanzgesellschaften 8.42Electronic semiconductor - Elektronischer Halbleiter 7.86Coal mines, heavy industries - Bergbau, Schwerindustrie 6.53News transmission - Nachrichtenübermittlung 5.26SectorSektor% of NetAssets- % desFondsvermögensAerospace technology - Flugzeug- und Raumfahrtindustrie 0.11Tyres and rubber - Gummi und Reifen 0.09Photography and optics - Photo und Optik 0.07Consumer goods - Verschiedene Konsumgüter 0.03Environmental services & recycling - Umwelt und Recycling 0.03Various capital goods - Verschiedene Produktionsgüter 0.03Petrol - Treibstoff 4.57Real estate - Immobiliengesellschaften 4.52Insurance - Versicherungen 3.18Chemicals - Chemie 3.06Transport - Verkehr und Transport 2.58Construction, building materials - Bau, Baustoffe 2.28Public services - Energie und Wasserversorgung 2.13Automobile industry - Automobilindustrie 2.04Office equipment, computers - Büroeinrichtung, Computer 1.95Electronics and electrical equipment - Elektrotechnik und Elektronik 1.45Leisure - Freizeit 1.29Food and distilleries - Nahrungsmittel, alkoholische Getränke 1.28Non-ferrous metals - Nichteisenmetalle 1.28Tobacco and spirits - Tabak und alkoholische Getränke 1.10Retail trade, department stores - Einzelhandel und Warenhäuser 1.04Internet software - Internet software 1.03Pharmaceuticals and cosmetics - Pharmazeutika und Kosmetik 0.98Other business houses - Diverse Handelshäuser 0.96Other services - Sonstige Dienstleistungen 0.95Agriculture and fishing - Landwirtschaft und Fischerei 0.84Mechanics, machinery - Maschinen- und Apparatebau 0.84Textile - Textil- und Bekleidungsindustrie 0.74Precious metals - Edelmetalle und -steine 0.58Biotechnology - Biotechnologie 0.55Package and container industry - Verpackungsindustrie 0.44Graphic art and publishing - Grafik und Verlage 0.23Forest products and paper industry - Papier und Holz 0.14Miscellaneous - Andere 0.12Healthcare, education and social services - Gesundheit Bildung undsoziale EinriMortgage and funding institutions - Hypotheken- undFinanzierungsanstaltenTOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTANDOTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN0.010.0198.231.77100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.44

Universe, The CMI Global Network FundCMI US Enhanced EquityPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlShares -AktienDescription - WertpapierbezeichnungMarketValue USDMarktwertUSD% of NetAssets- % desFondsvermögensTransferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereBermuda Islands - Bermudas 0.1718,577 Invesco Ltd 403,307 0.0919,959 Nabors Industries Ltd 386,206 0.08Cayman Islands - Cayman Inseln 0.0818,953 Xl Capital Ltd -a- 353,853 0.08Netherlands Antilles - Niederländische0.65Antillen48,156 Schlumberger Ltd 3,036,236 0.65Panama - Panama 0.1113,265 Carnival Corp 519,855 0.11United States - Vereinigte Staaten 97.8230,655 3m Co 2,583,603 0.5576,875 Abbott Laboratories Inc 4,036,706 0.863,893 Abercrombie & Fitch A 175,419 0.0418,281 Adobe Systems Inc 652,266 0.144,565 Advanced Micro Devices Inc 42,318 0.0135,471 Aes Corp. 392,664 0.0833,831 Aetna Inc 1,196,941 0.2624,309 Aflac Inc. 1,307,581 0.285,237 Agilent Technologies 181,305 0.046,002 Aig 205,208 0.049,126 Air Products & Chemicals 676,145 0.143,867 Airgas Inc. 247,411 0.054,212 Ak Steel Holding 96,876 0.029,736 Akamai Technologies Inc 307,755 0.0729,785 Alcoa Inc 428,904 0.093,923 Allegheny Energy Inc 89,797 0.024,846 Allegheny Technologies/when Iss 263,913 0.0610,661 Allergan Inc. 691,899 0.1527,830 Allstate Corp 892,230 0.194,482 Altera Corp 109,809 0.0289,691 Altria Group 1,852,119 0.4011,735 Amazon Com Inc 1,602,414 0.3413,320 Ameren Corp 347,519 0.0732,197 American Electric Power Co.inc 1,108,221 0.2451,445 American Express Co. 2,124,164 0.462,581 American Tower Corp A 110,415 0.0213,034 Ameriprise Financial Inc/wh.i 590,049 0.1324,136 Amerisourcebergen Corp 706,702 0.1553,545 Amgen Inc. 3,217,519 0.696,494 Amphenol Corporation -a- 274,177 0.0621,310 Anadarko Petrol.corp. 1,541,779 0.3315,627 Analog Devices Inc 453,339 0.1011,777 Aon Corp 505,116 0.1114,613 Apache Corp. 1,457,208 0.315,568 Apartment Inv.+manag. A 102,897 0.023,904 Apollo Group Inc. A 243,141 0.0540,857 Apple Inc 9,635,306 2.0619,070 Applied Materials Inc 256,492 0.0557,800 Archer-daniels Midland Co. 1,672,154 0.366,618 Assurant Inc 227,262 0.05264,901 At & T 6,874,181 1.473,529 Autodesk Inc. 103,753 0.0216,344 Automatic Data Proces. 728,779 0.167,972 Autonation Inc 151,229 0.031,515 Autozone Inc 262,974 0.063,806 Avalonbay Communities Inc. 331,084 0.073,623 Avery Dennison Corp 131,044 0.03Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue USDMarktwertUSD% of NetAssets- % desFondsvermögens22,982 Avon Products Inc. 784,605 0.1713,290 Baker Hughes Inc 610,676 0.136,694 Ball Corp. 357,794 0.08429,874 Bank Of America Corp 7,634,562 1.6452,256 Bank Of Ny Mellon Corp Shs 1,605,304 0.342,392 Bard (c.r.) Inc 207,171 0.0416,072 Baxter Intl Inc. 942,944 0.2029,637 Bb&t Corporation 947,495 0.2010,341 Becton Dickinson & Co. 817,456 0.189,359 Bed Bath & Beyond Inc. 413,293 0.0910,518 Bemis Co Inc 303,549 0.0671,679 Berkshire Hathaway - B 5,849,006 1.2513,704 Best Buy Co Inc. 584,064 0.136,833 Big Lots 255,349 0.0511,688 Biogen Idec Inc 674,514 0.1414,189 Bj Services Co 296,976 0.0619,369 Block Inc. H+r 346,124 0.076,994 Bmc Software Inc. 266,611 0.0625,697 Boeing Co 1,889,500 0.406,144 Boston Properties 468,419 0.1054,585 Boston Scientific Corp. 395,741 0.0897,581 Bristol Myers Squibb Co 2,611,268 0.5620,082 Broadcom Corp -a- 667,124 0.145,248 Brown-forman Corp. B /non-vot. 311,731 0.076,356 C.h.robinson Worldwide Inc 357,334 0.084,886 Cabot Oil+gas Inc./cl. 179,023 0.0413,411 Cameron International Corp 573,320 0.1210,573 Campbell Soup Co. 376,716 0.0819,467 Capital One Financial Corp. 816,057 0.1717,114 Cardinal Health Inc. 623,805 0.133,074 Carefusion 81,707 0.0215,793 Caterpillar Inc. 997,486 0.2110,414 Cb Richard Ellis Group Inc -a- 163,604 0.041,369 Cbs Corp -b- /when Issued 19,371 0.001,619 Celgene Corp. 101,171 0.0216,514 Centerpoint Energy Inc 238,462 0.0521,696 Centurytel 768,255 0.161,678 Cephalon Inc. 118,786 0.033,843 Cf Industries Holdings Inc 355,170 0.0832,880 Charles Schwab Corp 616,500 0.1332,250 Chesapeake Energy 755,940 0.1693,929 Chevron Corporation 7,072,854 1.5217,803 Chubb Corp 927,536 0.2019,469 Cigna Corp. 712,176 0.159,259 Cincinnati Financial Corp 270,178 0.066,194 Cintas 175,786 0.04238,484 Cisco Systems Inc. 6,355,599 1.36842,925 Citigroup Inc 3,447,563 0.746,939 Citrix Systems Inc 333,003 0.076,000 Cliffs Natural Resources Inc 427,500 0.096,163 Clorox Co 398,931 0.092,885 Cme Group Inc 912,093 0.2014,587 Cms Energy Corp. 226,536 0.0514,285 Coach Inc 570,114 0.1217,456 Coca Cola Enterprise 485,277 0.1095,196 Coca-cola Co. 5,223,405 1.1210,251 Cognizant Technology Sol.corp 527,516 0.1121,519 Colgate-palmolive Co. 1,839,014 0.39149,412 Comcast Corp/-a- 2,799,981 0.607,156 Comerica Inc. 270,926 0.0617,622 Computer Associates Intl Inc 412,883 0.099,876 Computer Sciences Corp 543,081 0.1210,958 Compuware Corp. 92,705 0.0230,499 Conagra Foods Inc 761,255 0.1656,002 Conocophillips 2,870,663 0.628,597 Consol Energy Inc 363,481 0.085,699 Consolidated Edison Inc 254,631 0.054,422 Constellation Brand -a- 72,609 0.026,207 Constellation Energy Group Inc 220,721 0.05A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.45

Universe, The CMI Global Network FundCMI US Enhanced EquityPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue USDMarktwertUSD% of NetAssets- % desFondsvermögens80,991 Corning Inc. 1,633,588 0.3510,037 Costco Wholesale Corp 603,926 0.1312,648 Coventry Health Care Inc 319,741 0.0724,914 Csx Corp. 1,278,836 0.279,003 Cummins Inc 559,536 0.1251,097 Cvs Caremark Corp 1,892,122 0.418,814 Danaher Corp 712,876 0.158,912 Darden Restaurants 399,258 0.094,748 Davita Inc 301,118 0.0610,903 Dean Foods Co 172,376 0.049,565 Deere & Co. 584,517 0.1342,816 Dell Inc 640,956 0.143,835 Denbury Resources Inc 63,201 0.013,569 Dentsply Intl Inc. 124,201 0.037,305 Devon Energy Corp.(new) 470,515 0.101,005 Devry Inc. 66,380 0.014,639 Diamond Offshore Drilling 396,217 0.0833,099 Directv 1,089,950 0.2324,984 Discover Fin Svc 377,758 0.0812,571 Discovery Com Inc/-a- 430,431 0.0943,328 Dominion Resources Inc 1,787,713 0.3811,397 Donnelley And Sons.rr 245,833 0.058,248 Dover Corp. 388,646 0.0836,182 Dow Chemical Co. 1,076,776 0.2313,210 Dr Horton Inc 169,088 0.0413,472 Dr Pepper Snapple Group Inc 480,007 0.108,543 Dte Energy Company 386,144 0.0839,270 Du Pont De Nem.& Co/e.i. 1,483,621 0.3238,984 Duke Energy Holding Corp 639,338 0.143,022 Dun And Bradstreet Corp 225,441 0.0573,411 E Trade Financial Corp 121,128 0.035,928 Eastman Chemical Co 381,467 0.087,215 Eaton Corp. 551,370 0.1270,625 Ebay Inc 1,916,762 0.419,031 Ecolab Inc. 396,461 0.0816,007 Edison International 552,402 0.1225,758 El Paso Energy Corp 278,702 0.0612,066 Electronic Arts 226,720 0.0575,032 Emc Corp 1,353,577 0.2932,710 Emerson Electric Co. 1,661,995 0.369,882 Entergy Corp. 810,818 0.175,917 Eog Resources Inc. 552,293 0.121,845 Eqt 75,848 0.024,255 Equifax Inc 153,946 0.0312,176 Equity Residential Sbi 480,830 0.103,178 Estee Lauder Cos A 208,159 0.0438,393 Exelon Corp 1,687,756 0.3610,681 Expedia Inc Del 260,189 0.063,344 Expeditors Intl Wash. 123,795 0.034,035 Express Scripts Inc. 409,956 0.09201,110 Exxon Mobil Corp 13,484,425 2.899,081 Family Dollar Stores Inc. 335,815 0.072,087 Fastenal 101,220 0.024,224 Federated Investors Inc. B 111,049 0.0210,593 Fedex Corp. 983,242 0.2116,740 Fidelity National Inform Serv 392,218 0.0842,053 Fifth Third Bancorp 557,623 0.1210,473 First Horizon Natl Corp 146,308 0.032,285 First Solar Inc 279,181 0.0614,607 Firstenergy Corp 567,920 0.1210,060 Fiserv Inc. 510,545 0.112,245 Flir Systems 62,927 0.015,150 Flowserve Corp 566,140 0.129,674 Fluor Corp (new) 455,452 0.102,574 Fmc Corp. 158,044 0.036,798 Fmc Technologies Inc 444,317 0.1021,151 Ford Motor Co 280,885 0.0612,458 Forest Laboratories 394,794 0.083,358 Fortune Brands 164,911 0.0436,882 Fpl Group Inc *opa* 1,757,796 0.385,185 Franklin Resources Inc. 579,165 0.1219,863 Freeport Mcmoran Copper & Gold 1,661,739 0.36Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue USDMarktwertUSD% of NetAssets- % desFondsvermögens3,044 Frontier Communications Co 22,708 0.0013,509 Gamestop Corp -a- 294,766 0.067,173 Gannett Co.inc. 120,937 0.0334,154 Gap Inc. 794,081 0.1726,889 General Dynamics Corp 2,083,629 0.45422,510 General Electric Co 7,731,933 1.6614,103 General Mills Inc 1,003,711 0.228,546 Genuine Parts Co 363,803 0.0822,926 Genwaorth Financial / -a- 400,059 0.091,737 Genzyme Corp. 91,227 0.0221,085 Gilead Sciences Inc. 961,687 0.2122,210 Goldman Sachs Group Inc. 3,806,350 0.829,171 Goodrich Corp 656,093 0.143,477 Goodyear Tire & Rubber 44,992 0.019,972 Google Inc A 5,651,132 1.213,606 Grainger Inc..ww 393,992 0.0820,564 Halliburton Co 616,920 0.134,864 Harley Davidson Inc. 138,770 0.03508 Harman Intl Industries Inc 24,003 0.015,607 Harris Corp. 265,884 0.0616,753 Hartford Fin.serv.group 469,754 0.105,549 Hasbro Inc. 216,688 0.0513,021 Hcp Inc 431,516 0.096,806 Health Care Reit Inc 311,102 0.0713,694 Heinz (h.j.) Co 626,501 0.134,500 Helmerich & Payne 168,660 0.0415,445 Hess Corp 959,443 0.2194,792 Hewlett-packard Co. 5,048,622 1.0860,872 Home Depot Inc. 1,989,906 0.4323,925 Honeywell International Inc. 1,075,429 0.233,955 Hormel Foods Corporati 166,901 0.048,821 Hospira Inc *opa* 501,562 0.1123,119 Host Hotels & Resorts Inc 341,236 0.0727,388 Hudson City Bancorp Inc 386,171 0.0815,258 Humana Inc. 722,314 0.1532,685 Huntington Bancshares Inc. 176,826 0.0459,091 Ibm Corp 7,609,148 1.6316,731 Illinois Tool Works 793,551 0.17764 Integrys Energy Group Inc 36,229 0.01238,900 Intel Corp. 5,339,415 1.142,827 Intercontinental Exchange Inc 311,988 0.0715,427 International Paper Co 389,686 0.0823,701 Interpublic Group 201,459 0.044,537 Intl Flavors & Fragr. 216,370 0.054,075 Intl Game Technology 74,939 0.0211,619 Intuit 399,229 0.091,321 Intuitive Surgical Inc 460,910 0.104,958 Iron Mountain Inc 135,948 0.038,103 Itt Corp 435,374 0.095,439 Jabil Circuit Inc. 89,798 0.026,984 Jacobs Engineer.group 317,143 0.076,786 Janus Capital Group Inc 98,058 0.025,928 Jds Uniphase Corp 71,077 0.027,556 Jm Smucker Co 456,005 0.10131,335 Johnson & Johnson 8,523,641 1.8336,001 Johnson Controls Inc. 1,183,713 0.25170,484 Jpmorgan Chase & Co 7,600,177 1.6318,159 Juniper Networks Inc. 560,568 0.1211,142 Kellogg Co 598,883 0.1342,030 Keycorp 326,153 0.0724,879 Kimberly Clark Corp 1,570,860 0.3419,067 Kimco Realty Corp. 305,835 0.0711,018 King Pharmaceuticals Inc 131,114 0.034,503 Kla Tencor Corporation 139,053 0.0310,522 Kohl S Corp. 581,341 0.12111,488 Kraft Foods Inc -a- 3,400,384 0.7338,810 Kroger Co. 832,086 0.1810,167 L-3 Communications Hlds Inc 944,921 0.204,901 Laboratory Corp Of Amer.hld 372,231 0.087,628 Legg Mason Inc. 222,738 0.0510,349 Leggett + Platt Inc. 225,401 0.055,525 Lennar Corp. -a- 99,726 0.02A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.46

Universe, The CMI Global Network FundCMI US Enhanced EquityPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue USDMarktwertUSD% of NetAssets- % desFondsvermögens8,984 Leucadia National Corp. 224,870 0.053,436 Lexmark Intl Inc. 124,211 0.039,726 Life Technologies Corp 513,144 0.1131,998 Lilly (eli) & Co 1,148,728 0.2514,387 Limited Brands Inc 372,336 0.0815,933 Lincoln National Corp. 479,265 0.105,541 Linear Technology 158,473 0.0316,897 Lockheed Martin Corp 1,420,869 0.3018,529 Loews Corp 689,835 0.1514,607 Lorillard Inc 1,094,941 0.2363,538 Lowe S Companies Inc. 1,546,515 0.3317,522 Lsi Corporation 110,914 0.024,732 M&t Bank Corporation 377,424 0.0817,928 Macy S 396,567 0.0836,754 Marathon Oil Corp. 1,154,076 0.252,472 Marriott Intl Inc. A 78,560 0.0222,761 Marsh & Mc-lennan Cos Inc 558,783 0.1223,874 Marshall & Iisley Corp /w.i. 191,231 0.048,165 Masco Corp. 125,741 0.032,169 Massey Energy Co 114,935 0.023,584 Mastercard Inc. Shs-a- 904,637 0.1911,919 Mattel Inc. 275,567 0.064,723 Mc-cormick&co/n.voting 180,844 0.047,990 Mcafee Inc 324,794 0.0746,727 Mcdonald S Corp. 3,141,923 0.6723,511 Mcgraw Hill Companies Inc 842,634 0.1817,322 Mckesson Corp 1,155,724 0.259,047 Mead Johnson -a- 472,253 0.1011,745 Meadwestvaco Corp 305,018 0.0716,565 Medcohealth Solutions 1,080,038 0.2359,818 Medtronic Inc. 2,694,801 0.585,451 Memc Electronic Materials 84,545 0.02146,706 Merck 5,524,948 1.181,353 Meredith Corp. 46,746 0.0141,696 Metlife Inc 1,787,508 0.388,665 Microchip Technology Inc. 246,346 0.0523,690 Micron Technology Inc 255,615 0.05322,219 Microsoft Corp 9,592,460 2.061,558 Millipore Corp 164,431 0.048,294 Molex Inc. 174,589 0.0410,350 Molson Coors Brew-b-non-vot 436,046 0.0916,535 Monsanto Co 1,180,764 0.254,761 Monster Worldwide Inc 81,223 0.029,604 Moody S Corp / When Issued 290,329 0.0659,044 Morgan Stanley 1,724,675 0.3755,798 Motorola Inc. 401,746 0.0911,766 Murphy Oil Corp. 648,777 0.1421,163 Mylan Inc 479,342 0.106,721 Nasdaq Omx Group Inc 141,544 0.0334,484 National Oilwell Varco Inc 1,395,223 0.307,251 National Semiconductor Corp 105,575 0.0215,911 Netapp Inc 518,221 0.1116,885 Newell Rubbermaid Inc. 259,522 0.0621,091 Newmont Mining Corp. 1,070,157 0.2348,266 News Corp -a- 697,444 0.152,138 Nicor Inc. 90,395 0.0216,854 Nike Inc B 1,243,994 0.2719,489 Nisource Inc 311,629 0.077,534 Noble Energy 539,736 0.127,896 Nordstrom Inc 326,579 0.0714,823 Norfolk Southern Corp. 833,053 0.185,658 Northeast Utilities 157,462 0.0310,487 Northern Trust Corp 573,115 0.1215,847 Northrop Grumman Corp 1,041,465 0.2229,421 Novell Inc. 171,819 0.042,560 Novellus Systems Inc 64,435 0.0112,000 Nrg Energy Inc *ope* 253,080 0.0510,332 Nucor Corp. 470,726 0.101,680 Nvidia Corp. 29,618 0.0113,363 Nyse Euronext 395,144 0.086,466 O Reilly Automotive Inc 270,473 0.0635,090 Occidental Petroleum Corp 2,957,034 0.63Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue USDMarktwertUSD% of NetAssets- % desFondsvermögens13,979 Office Depot Inc 113,509 0.0216,485 Omnicom Group Inc. 657,422 0.144,900 Oneok Inc (new) 225,792 0.05169,169 Oracle Corp 4,320,576 0.9310,171 Owens-illinois Inc. 358,629 0.085,938 Paccar Inc. 260,263 0.0610,563 Pactiv Corp. 268,828 0.065,539 Pall Corp. 224,606 0.055,931 Parker-hannifin 388,599 0.082,209 Patterson Companies Inc 69,009 0.017,830 Paychex Inc. 243,200 0.059,007 Peabody Energy 411,350 0.0912,211 Penney (j.c.) Co.inc 399,055 0.0916,745 People S United Financial Inc 262,729 0.062,545 Pepco Holdings Inc 43,672 0.0160,541 Pepsico Inc 4,042,323 0.877,598 Perkinelmer Inc 184,707 0.04363,788 Pfizer Inc. 6,278,981 1.3522,705 Pg&e Corp (holding Co) 965,417 0.2187,883 Philip Morris Int. 4,612,979 0.993,261 Pinnacle West Cap.corp. 124,211 0.037,222 Pioneer Natural Resourc. 395,260 0.0813,412 Pitney Bowes Inc 330,740 0.0722,575 Pnc Financial Services Group 1,324,927 0.283,358 Polo Ralph Lauren A 288,016 0.068,778 Ppg Industries Inc. 579,787 0.1216,306 Ppl Corp 454,774 0.1013,396 Praxair 1,108,653 0.2410,199 Precision Castparts 1,295,069 0.281,877 Priceline Com Inc 480,493 0.1017,157 Principal Financial Group Inc 494,465 0.11124,177 Procter & Gamble Co. 7,905,108 1.6911,853 Progress Energy Inc 466,297 0.1029,488 Progressive Corp 563,221 0.1225,462 Prologis/shs Of Benef.int 342,209 0.0724,309 Prudential Financial Inc 1,450,518 0.3144,909 Publ.serv.enterprise 1,322,570 0.285,891 Public Storage Inc. 548,806 0.128,273 Pulte Homes Inc 94,560 0.021,760 Q Logic Corp 35,886 0.0166,914 Qualcomm Inc. 2,819,087 0.606,061 Quanta Services Inc 115,826 0.0210,049 Quest Diagnostics Inc. 589,273 0.138,227 Questar Corp 355,077 0.08103,774 Qwest Communications Intl 542,738 0.128,656 Radioshack Corp. 197,011 0.046,006 Range Resources 280,961 0.0633,847 Raytheon Company 1,944,510 0.425,033 Red Hat Inc 145,605 0.0352,798 Regions Financial Corp 402,321 0.0910,304 Republic Services Inc. 300,156 0.0616,685 Reynolds American Inc 905,161 0.192,365 Robert Half Intl Inc. 73,362 0.027,379 Rockwell Automation 414,405 0.098,375 Rockwell Collins 528,714 0.114,400 Roper Industries 254,100 0.055,400 Ross Stores Inc. 287,712 0.067,464 Rowan Companies Inc 210,037 0.052,616 Ryder System Inc. 102,050 0.0227,981 Safeway Inc. 696,167 0.1514,100 Saic Inc 267,618 0.063,230 Salesforce Com Inc 243,574 0.056,710 Sandisk Corp 234,716 0.0546,026 Sara Lee Corp. 641,142 0.144,577 Scana Corporation 173,514 0.042,522 Scripps Networks Interactive I 112,431 0.0212,569 Sealed Air Corp (new) 268,725 0.063,491 Sears Holdings Corp 381,636 0.0815,712 Sempra Energy 789,685 0.175,285 Sherwin-williams Co. 353,936 0.084,618 Sigma-aldrich Corp 249,326 0.0512,301 Simon Property/paired Shs 1,047,553 0.22A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.47

Universe, The CMI Global Network FundCMI US Enhanced EquityPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue USDMarktwertUSD% of NetAssets- % desFondsvermögens22,145 Slm Corp 277,920 0.068,427 Smith International Inc 358,063 0.083,133 Snap-on Inc 136,567 0.0315,538 Southern Co. 516,017 0.1117,620 Southwest Airlines Co 230,646 0.0512,115 Southwestern Energy Co 487,265 0.1032,365 Spectra Energy Corp *opa* 735,656 0.16187,621 Sprint Nextel Corp/fon Ser.1 716,712 0.159,124 St Jude Medical Inc 374,084 0.086,573 Stanley Black & Decker Inc 382,680 0.0831,386 Staples Inc 740,710 0.1625,412 Starbucks Corp. 623,865 0.134,831 Starwood Hotels Resorts Ww 228,893 0.0521,484 State Street Corp 983,538 0.211,291 Stericycle Inc 70,876 0.029,667 Stryker Corp. 555,949 0.124,798 Sunoco Inc. 139,286 0.0321,656 Suntrust Banks Inc. 570,419 0.127,345 Supervalu Inc. 123,396 0.0318,093 Symantec Corp. 308,486 0.0719,047 Sysco Corp. 566,077 0.129,030 T Rowe Price Group Inc. 498,546 0.1132,662 Target Corp 1,755,256 0.386,644 Teco Energy Inc. 106,304 0.0223,979 Tellabs Inc. 180,562 0.046,258 Tenet Healthcare Corp 35,858 0.0111,988 Teradata 349,570 0.073,925 Teradyne Inc 44,117 0.013,516 Tesoro Corp. 47,853 0.0179,073 Texas Instruments Inc 1,945,987 0.426,168 The Hershey Co 265,532 0.0617,592 Thermo Fisher Scientific Inc 908,803 0.195,927 Tiffany & Co 278,095 0.0685,746 Time Warner 2,691,567 0.58536 Time Warner Cable 28,649 0.014,058 Titanium Metals Corp 67,890 0.0131,108 Tjx Cos Inc. 1,343,866 0.294,741 Torchmark Corp. 250,325 0.0514,799 Total System Services Inc 235,600 0.0528,713 Travelers Companies Inc 1,548,492 0.3318,383 Tyson Foods Inc.-a- 352,402 0.0821,907 Union Pacific Corp. 1,612,574 0.357,729 United States Steel 492,878 0.1140,561 United Technologies Corp 3,006,787 0.6493,756 Unitedhealth Group Inc 3,099,573 0.6617,552 Unum Group 434,061 0.095,500 Urban Outfitters Inc. 209,715 0.0483,065 Us Bancorp 2,148,061 0.4633,246 Utd Parcel Service Inc B 2,145,364 0.462,302 Valero Ener. Corp 45,672 0.013,260 Varian Medical Systems Inc 181,452 0.047,457 Ventas Inc. 358,980 0.081,074 Verisign Inc 27,870 0.01146,999 Verizon Communications I. 4,590,779 0.986,883 Vf Corp 550,227 0.1239,032 Viacom Inc -b- 1,312,646 0.2819,141 Visa Inc -a 1,741,831 0.378,015 Vornado Real.trust/ben.in 615,151 0.131,826 Vulcan Materials Co(hold. Co) 87,064 0.0292,310 Wal-mart Stores Inc 5,161,052 1.1134,050 Walgreen Co. 1,274,151 0.2783,130 Walt Disney /disney Ser. 2,917,863 0.63152 Washington Post /-b- 67,070 0.0121,404 Waste Management Inc. 737,154 0.163,618 Waters Corporation 245,626 0.056,056 Watson Pharmaceuticals Inc. 255,260 0.0537,501 Wellpoint Inc 2,425,940 0.52220,417 Wells Fargo & Co 6,797,660 1.4614,670 Western Digital Corp. 577,265 0.1231,312 Western Union Company 532,304 0.114,190 Whirlpool Corp. 372,910 0.088,605 Whole Foods Market Inc. 312,017 0.07Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue USDMarktwertUSD% of NetAssets- % desFondsvermögens25,445 Williams Companies Inc 588,543 0.136,376 Windstream Corp 69,626 0.015,372 Wisconsin Energy Corp. 265,699 0.069,609 Wyndham Worldwide Corp 249,257 0.05453 Wynn Resorts Ltd 34,999 0.0123,744 Xcel Energy Inc 503,848 0.1145,016 Xerox Corp. 436,205 0.096,810 Xilinx Inc. 175,153 0.0430,086 Xto Energy Inc 1,420,059 0.3026,863 Yahoo Inc 446,194 0.1010,720 Yum Brands 411,434 0.0912,799 Zimmer Holdings Inc 755,525 0.166,524 Zions Bancorp 141,310 0.03Investmentfunds - Transferable securities admitted to an official stock exchange -Anlagefonds Amtlich notierte WertpapiereUnited States - Vereinigte Staaten 0.067,787 Plum Creek Timber Co Inc /reit 303,771 0.06TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTAND461,519,192 98.89OTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN5,158,809 1.11466,678,001 100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.48

Universe, The CMI Global Network FundCMI US Enhanced EquitySector Analysis of Portfolio as at 31 March 2010Analyse des Wertpapierbestandes nach Sektoren zum31. März 2010SectorSektor% of NetAssets- % desFondsvermögensBanks and financial institutions - Banken, Kreditinstitute 9.88Petrol - Treibstoff 9.65Pharmaceuticals and cosmetics - Pharmazeutika und Kosmetik 9.63SectorSektor% of NetAssets- % desFondsvermögensNon-ferrous metals - Nichteisenmetalle 0.10Various capital goods - Verschiedene Produktionsgüter 0.05Tyres and rubber - Gummi und Reifen 0.01Office equipment, computers - Büroeinrichtung, Computer 7.14Holding and finance companies - Holding- und Finanzgesellschaften 6.83Internet software - Internet software 6.50Retail trade, department stores - Einzelhandel und Warenhäuser 5.21Food and distilleries - Nahrungsmittel, alkoholische Getränke 4.60News transmission - Nachrichtenübermittlung 4.44Public services - Energie und Wasserversorgung 4.23Aerospace technology - Flugzeug- und Raumfahrtindustrie 3.00Electronic semiconductor - Elektronischer Halbleiter 2.70Consumer goods - Verschiedene Konsumgüter 2.67Insurance - Versicherungen 2.44Tobacco and spirits - Tabak und alkoholische Getränke 2.03TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTANDOTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN98.891.11100.00Healthcare, education and social services - Gesundheit Bildung undsoziale Einri1.83Graphic art and publishing - Grafik und Verlage 1.66Transport - Verkehr und Transport 1.65Chemicals - Chemie 1.59Mechanics, machinery - Maschinen- und Apparatebau 1.58Leisure - Freizeit 1.39Biotechnology - Biotechnologie 1.22Real estate - Immobiliengesellschaften 0.82Coal mines, heavy industries - Bergbau, Schwerindustrie 0.76Electronics and electrical equipment - Elektrotechnik und Elektronik 0.68Other services - Sonstige Dienstleistungen 0.64Textile - Textil- und Bekleidungsindustrie 0.61Automobile industry - Automobilindustrie 0.60Precious metals - Edelmetalle und -steine 0.59Forest products and paper industry - Papier und Holz 0.49Construction, building materials - Bau, Baustoffe 0.45Miscellaneous - Andere 0.36Package and container industry - Verpackungsindustrie 0.34Environmental services & recycling - Umwelt und Recycling 0.24Investment funds - Investmentfonds 0.16Other business houses - Diverse Handelshäuser 0.12A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.49

Universe, The CMI Global Network FundCMI UK EquityPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlShares -AktienDescription - WertpapierbezeichnungMarketValue GBPMarktwertGBP% of NetAssets- % desFondsvermögensTransferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereBermuda Islands - Bermudas 0.5065,278 Hiscox Ltd 218,681 0.18361,172 Oakley Cap.inv.ltd 379,231 0.32Great Britain - Großbritannien 92.60290,584 Aberdeen Asset Management Plc 376,306 0.32163,440 Amec Plc 1,301,800 1.1072,333 Anglo American Plc 2,069,447 1.75393,489 Ashtead Group Plc 376,569 0.32156,274 Astrazeneca Plc 4,574,921 3.8628,084 Autonomy Corporation Plc 509,444 0.43117,397 Balfour Beatty Plc 342,799 0.29768,776 Barclays Plc 2,758,368 2.33376,758 Bg Group Plc 4,293,157 3.63171,819 Bhp Billiton Plc 3,883,109 3.28140,933 Bodycote Plc 300,469 0.251,393,625 Bp Plc 8,675,316 7.32794,734 British Airways Plc 1,945,509 1.64162,916 British American Tobacco (25p) 3,709,597 3.13150,437 Burberry Group Plc 1,078,633 0.91253,930 Cairn Energy 1,069,045 0.90959,103 Centrica Plc 2,836,068 2.39367,093 Compass Group Plc 1,925,403 1.6365,927 Csr Plc 302,407 0.2624,633 Dana Petroleum Plc 294,118 0.25302,773 Digital Marketing Grp Plc 108,998 0.09146,228 Experian Plc 951,944 0.801,230,012 Gkn Plc 1,706,027 1.44477,166 Glaxosmithkline Plc 5,988,433 5.0610,273,380 Goindustry Dovebid Plc 66,777 0.06108,883 Greene King Plc 491,062 0.421,409,459 Hsbc Holdings Plc 9,439,147 7.97237,298 Icap Plc 887,020 0.75167,124 Imperial Tobacco Group Plc 3,360,864 2.8428 International Power Plc 89 0.00178,601 Invensys Plc 613,137 0.5248,456 Lambert Howarth Group Plc 0.00 0.00717,203 Legal & General Group Plc 625,760 0.535,297,719 Lloyds Tsb Group Plc 3,308,426 2.79393,563 Man Group Plc 950,061 0.8071,132 Micro Focus Intl Plc 355,660 0.30144,704 National Grid Plc 936,235 0.7950,648 Reckitt Benckiser Group Plc 1,838,016 1.55569,908 Renewable Power And Light Plc 8,549 0.01147,738 Rio Tinto Plc /reg. 5,749,224 4.85160,622 Royal Dutch Shell /-b- 2,909,668 2.46165,876 Royal Dutch Shell Plc/-a- 3,155,791 2.66186,399 Rsa Insurance Group Plc 236,913 0.20100,592 Scottish & Southern Energy Plc 1,111,542 0.94144,891 Serco Group Plc 868,622 0.7356,300 Smiths Group Plc 643,509 0.54198,144 Ssl International Plc 1,602,985 1.3561,103 Standard Chartered Plc 1,094,049 0.92604,280 Tesco Plc 2,637,380 2.23398,436 Thomas Cook Gp 1,071,793 0.91170,759 Tullow Oil Plc 2,132,780 1.80111,987 Unilever Plc 2,180,387 1.844,306,974 Vodafone Group Plc 6,542,293 5.52280,264 Xstrata Plc 3,486,484 2.94Guernsey - Guernsey 0.18311,686 Rapid Realisations Fd Ltd 211,946 0.18Quantity -AnzahlInvestmentfunds -AnlagefondsOptions,Warrants,Rights -Optionsscheine% of NetDescription - WertpapierbezeichnungMarketValue GBPMarktwertGBPAssets- % desFondsvermögensIsle of Man - DE-Ile de Man 0.6879,660 Ksk Power Ventur Plc 485,926 0.41502,772 Opg Power Ventures Plc 314,233 0.27Jersey - Jersey 2.0068,530 Charter International Plc 516,031 0.43271,420 Wpp Plc 1,857,870 1.57Transferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereGreat Britain - Großbritannien 0.0325,000 Intl Biotechnology Trust Plc 34,625 0.03Transferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereBermuda Islands - Bermudas 0.00187,713 Oakley Cap 07-3.8.10 Wrt 939 0.00TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTAND113,701,592 95.99OTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN4,745,721 4.01118,447,313 100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.50

Universe, The CMI Global Network FundCMI UK EquitySector Analysis of Portfolio as at 31 March 2010Analyse des Wertpapierbestandes nach Sektoren zum31. März 2010SectorSektor% of NetAssets- % desFondsvermögensPetrol - Treibstoff 19.45Banks and financial institutions - Banken, Kreditinstitute 14.01Pharmaceuticals and cosmetics - Pharmazeutika und Kosmetik 10.27Non-ferrous metals - Nichteisenmetalle 6.60News transmission - Nachrichtenübermittlung 5.78Holding and finance companies - Holding- undFinanzgesellschaften5.21Public services - Energie und Wasserversorgung 4.13Miscellaneous - Andere 3.34Precious metals - Edelmetalle und -steine 3.28Tobacco and spirits - Tabak und alkoholische Getränke 3.13Retail trade, department stores - Einzelhandel undWarenhäuser3.03Coal mines, heavy industries - Bergbau, Schwerindustrie 2.94Mechanics, machinery - Maschinen- und Apparatebau 2.21Leisure - Freizeit 2.05Food and distilleries - Nahrungsmittel, alkoholische Getränke 1.84Transport - Verkehr und Transport 1.64Consumer goods - Verschiedene Konsumgüter 1.55Construction, building materials - Bau, Baustoffe 1.39Other services - Sonstige Dienstleistungen 1.32Textile - Textil- und Bekleidungsindustrie 0.91Insurance - Versicherungen 0.73Aerospace technology - Flugzeug- und Raumfahrtindustrie 0.54Internet software - Internet software 0.43Investment funds - Investmentfonds 0.21Electronics and electrical equipment - Elektrotechnik undElektronikTOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTANDOTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN–95.994.01100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.51

Universe, The CMI Global Network FundEuro Equity Index TrackingPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlShares -AktienDescription - WertpapierbezeichnungMarketValue EURMarktwertEURTransferable securities admitted to an official stock exchange -Amtlich notierte Wertpapiere% of NetAssets- % desFondsvermögensBelgium - Belgien 1.648,930 Anheuser-bush Inbev Sa 333,580 1.64Finland - Finnland 2.6346,579 Nokia Oy 535,193 2.63France - Frankreich 35.673,277 Air Liquide 292,112 1.442,552 Alstom 118,145 0.5822,497 Axa 369,851 1.8212,266 Bnp Paribas 703,823 3.467,509 Carrefour S.a. 268,897 1.3213,016 Credit Agricole Sa. Paris 169,078 0.8323,721 France Telecom Sa 421,641 2.0716,578 Gdf Suez 474,379 2.337,627 Groupe Danone 342,300 1.683,007 L Oreal 236,952 1.163,249 Lvmh Moet Hennessy Eur 0.3 284,255 1.405,148 Saint-gobain 185,276 0.9113,684 Sanofi-aventis 755,220 3.713,203 Schneider Electric Sa 279,398 1.379,202 Ste Gen.paris -a- 430,930 2.1227,297 Total Sa 1,174,999 5.771,150 Unibail-rodamco Se 171,982 0.846,358 Vinci 279,211 1.3715,234 Vivendi 302,852 1.49Germany - Deutschland 26.445,627 Allianz Se /nam.vinkuliert 522,805 2.5711,432 Basf Se 525,415 2.5810,286 Bayer 511,780 2.5111,088 Daimler Ag / Namen-akt. 385,696 1.897,723 Deutsche Bank Ag /nam. 441,987 2.172,460 Deutsche Boerse Ag /nam. 135,275 0.6637,070 Deutsche Telekom /nam. 373,295 1.8324,984 E.on - Namen Akt. 681,064 3.352,320 Muenchener Rueckvers/namensakt 278,632 1.375,115 Rwe Ag (neu). Essen A 336,260 1.6511,067 Sap Ag 396,365 1.9510,728 Siemens Ag /nam. 795,159 3.91Ireland - Irlande 0.798,650 Crh Plc 160,890 0.79Italy - Italien 10.5116,696 Assicurazioni Generali Spa 299,025 1.4779,267 Enel 330,940 1.6330,309 Eni Spa Roma 529,498 2.60120,253 Intesa Sanpaolo Spa 337,009 1.65128,918 Telecom Italia Spa 138,845 0.68227,634 Unicredit S.p.a. 504,779 2.48Luxembourg - Luxembourg 1.8411,450 Arcelormittal Sa /prov.fusion 373,785 1.84Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue EURMarktwertEUR% of NetAssets- % desFondsvermögensNetherlands - Niederland 5.7819,301 Aegon Nv 97,818 0.4847,908 Ing Groep Nv/cert.of Shs 354,088 1.7412,063 Roy.philips Electr./eur 0.2 286,677 1.4119,314 Unilever Cert.of Shs 437,172 2.15Spain - Spanien 14.03101,398 Banco Santander Sa / Reg. 1,007,085 4.9546,616 Bco Bilbao Viz.argentaria/nam. 472,686 2.3248,632 Iberdrola Sa 305,652 1.509,977 Repsol Ypf Sa. Madrid 175,845 0.8651,029 Telefonica Sa 895,559 4.40TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTAND20,221,160 99.33OTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN137,358 0.6720,358,518 100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.52

Universe, The CMI Global Network FundEuro Equity Index TrackingSector Analysis of Portfolio as at 31 March 2010Analyse des Wertpapierbestandes nach Sektoren zum31. März 2010SectorSektor% of NetAssets- % desFondsvermögensBanks and financial institutions - Banken, Kreditinstitute 16.77News transmission - Nachrichtenübermittlung 11.61Public services - Energie und Wasserversorgung 10.46Petrol - Treibstoff 9.23Insurance - Versicherungen 7.71Chemicals - Chemie 6.53Holding and finance companies - Holding- undFinanzgesellschaften5.61Pharmaceuticals and cosmetics - Pharmazeutika und Kosmetik 4.87Various capital goods - Verschiedene Produktionsgüter 3.91Food and distilleries - Nahrungsmittel, alkoholische Getränke 3.83Construction, building materials - Bau, Baustoffe 3.07Electronics and electrical equipment - Elektrotechnik undElektronik1.95Internet software - Internet software 1.95Automobile industry - Automobilindustrie 1.89Coal mines, heavy industries - Bergbau, Schwerindustrie 1.84Tobacco and spirits - Tabak und alkoholische Getränke 1.64Leisure - Freizeit 1.49Electronic semiconductor - Elektronischer Halbleiter 1.41Textile - Textil- und Bekleidungsindustrie 1.40Retail trade, department stores - Einzelhandel undWarenhäuser1.32Real estate - Immobiliengesellschaften 0.84TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTANDOTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN99.330.67100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.53

Universe, The CMI Global Network FundJapan Equity Index TrackingPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlShares -AktienDescription - WertpapierbezeichnungMarketValue JPYMarktwertJPY% of NetAssets- % desFondsvermögensTransferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereJapan - Japan 98.07100 Abc Mart Inc 299,000 0.02350 Acom Co Ltd *opa* 535,500 0.031,000 Advantest Corp. 2,338,000 0.154,500 Aeon Co Ltd 4,774,500 0.30600 Aeon Credit Service Ltd 666,000 0.04600 Aeon Mall Co Ltd 1,182,600 0.075,000 Aioi Insurance Co Ltd 2,410,000 0.151,000 Air Water Inc Osaka 1,070,000 0.071,300 Aisin Seiki Co Ltd 3,640,000 0.234,000 Ajinomoto Co. Inc 3,704,000 0.23200 Alfresa Hld Corp Tokyo 806,000 0.056,000 All Nippon Airways Co Ltd 1,602,000 0.101,500 Alps Electric Co 967,500 0.062,000 Amada Co.ltd 1,568,000 0.10600 Aoyama Trading Co Ltd 925,800 0.066,000 Aozora Bank Ltd 792,000 0.052,500 Asahi Breweries 4,382,500 0.287,000 Asahi Glass Co. Ltd 7,371,000 0.479,000 Asahi Kasei Corp 4,527,000 0.29400 Asatsu-dk Inc. 794,000 0.051,000 Asics Corp. 914,000 0.062,524 Astellas Pharma Inc 8,543,740 0.54200 Autobacs Seven Co Ltd 597,000 0.041,000 Awa Bank Ltd 557,000 0.042,000 Bank Of Kyoto 1,722,000 0.112,000 Bank Of Nagoya Ltd 760,000 0.05600 Benesse Corp. 2,430,000 0.158,000 Bk Of Yokohama 3,664,000 0.234,400 Bridgestone Corp 7,022,400 0.452,000 Brother Industries Ltd 2,260,000 0.149,700 Canon Inc. 42,001,000 2.66600 Canon Marketing Japan Inc 763,800 0.05300 Capcom Co Ltd 529,800 0.031,700 Casio Computer Co.ltd 1,222,300 0.0811 Central Japan Railway Co 7,832,000 0.506,000 Chiba Bank 3,354,000 0.212,000 Chiyoda Corp 1,856,000 0.124,600 Chubu Electric Power C. Jpy500 10,750,200 0.682,000 Chugai Pharmaceut. Co.ltd 3,516,000 0.221,000 Chugoku Bank Ltd 1,262,000 0.081,800 Chugoku Electr.power Jpy 500 3,344,400 0.2110,000 Chuo Mitsui Trust Holdings Inc 3,510,000 0.222,300 Citizen Holdings Co Ltd 1,469,700 0.09700 Coca-cola West Holdings Co Ltd 1,070,300 0.071,000 Comsys Holdings Corp 905,000 0.065,000 Cosmo Oil Co Ltd 1,130,000 0.071,400 Credit Saison Co Ltd 2,030,000 0.134,000 Dai Nippon Printing Co.ltd 5,052,000 0.322,000 Daicel Chemical Industries Co. 1,286,000 0.082,000 Daido Steel Co Ltd 786,000 0.051,000 Daihatsu Motor Co 893,000 0.063,813 Daiichi Sankyo Co Ltd 6,676,563 0.421,400 Daikin Industries Ltd 5,355,000 0.341,000 Dainippon Screen Manufact. 437,000 0.031,000 Dainippon Sumitomo Pharma Co 857,000 0.052,000 Daishi Bank Ltd 648,000 0.04700 Daito Trust Construct. 3,157,000 0.203,000 Daiwa H. Industr.co. Ltd 3,165,000 0.2012,000 Daiwa Securities Group Inc 5,904,000 0.372 Dena Co Ltd Tokyo 1,384,000 0.094,000 Denki Kagaku Kogyo Kk 1,608,000 0.103,100 Denso Corp *opr* 8,633,500 0.55Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue JPYMarktwertJPY% of NetAssets- % desFondsvermögens1,100 Dentsu Inc Tokyo 2,702,700 0.174,000 Dic Corp 808,000 0.05100 Disco Corp. 575,000 0.04500 Don Quijote Co Ltd 1,167,000 0.072,000 Dowa Holdings Co Ltd 1,126,000 0.072,300 East Japan Railway Co 14,950,000 0.952,000 Ebara Corp. 954,000 0.061,700 Eisai Co.ltd 5,669,500 0.361,200 Electric Power Development Co 3,696,000 0.23700 Elpida Memory Inc 1,288,700 0.081,000 Ezaki Glico Co Ltd 1,091,000 0.07500 Familymart Co Ltd 1,487,500 0.091,300 Fanuc Ltd Jpy 50 12,896,000 0.82400 Fast Retailing Co Ltd 6,500,000 0.414,000 Fuji Electric Holdings Co Ltd 1,020,000 0.064,000 Fuji Heavy Industries Ltd 1,936,000 0.124 Fuji Television Network Inc 554,000 0.042,800 Fujifilm Holdings Corp 9,016,000 0.572,000 Fujikura Ltd 1,078,000 0.0711,000 Fujitsu Ltd 6,732,000 0.437,000 Fukuoka Financial Group 2,779,000 0.181,000 Fukuyama Transp. 467,000 0.033,000 Furukawa Electric Co. Ltd 1,458,000 0.093,000 Gs Yuasa Corp Kyoto 1,893,000 0.123,000 Gunma Bank Ltd 1,551,000 0.101,000 Gunze Ltd 345,000 0.021,000 H2o Retailing Corp 639,000 0.043,000 Hachijuni Bank Ltd 1,596,000 0.10300 Hakuhodo Dy Hld Inc 1,476,000 0.09500 Hamamatsu Photonics 1,321,500 0.088,000 Hankyu Hanshin Holdings Inc 3,464,000 0.225,500 Haseko Corp 478,500 0.03500 Heiwa Corp. 480,500 0.031,000 Higo Bank Ltd 520,000 0.032,000 Hino Motors Ltd 790,000 0.05200 Hirose Electric Co.ltd 2,156,000 0.144,000 Hiroshima Bank Ltd 1,580,000 0.10300 Hisamitsu Pharmaceutical Co 1,042,500 0.07900 Hitachi Chemical Co 1,818,000 0.12500 Hitachi Constr.machin. 1,104,500 0.07500 Hitachi High-technologies Corp 1,072,500 0.07400 Hitachi Koki Co Ltd 402,800 0.0324,000 Hitachi Ltd 8,376,000 0.531,000 Hitachi Metals Ltd 983,000 0.061,300 Hokkaido Electr.power 2,332,200 0.153,000 Hokkoku Bank Ltd 1,041,000 0.078,000 Hokuhoku Financial Group 1,640,000 0.101,300 Hokuriku Elec.jpy 500 2,672,800 0.1710,100 Honda Motor Co.ltd 33,330,000 2.11800 House Foods Corp 1,087,200 0.072,200 Hoya Corp 5,651,800 0.362,000 Hyakugo Bank Ltd (105th Bank) 878,000 0.062,000 Hyakujuschi Bank Ltd 728,000 0.05900 Ibiden Co Ltd 2,898,000 0.18200 Idemitsu Kosan 1,416,000 0.098,000 Ihi Corp 1,368,000 0.095 Inpex Holdings Inc Tokyo 3,430,000 0.222,020 Isetan Mitsukoshi Hld Ltd 2,030,100 0.1310,000 Isuzu Motors Ltd 2,530,000 0.16500 It Holdings Corp 569,000 0.04300 Ito En Ltd 434,100 0.039,000 Itochu Corp 7,371,000 0.47100 Itochu Techno-solutions Corp 307,000 0.022,000 Iyo Bank Ltd 1,778,000 0.11500 Izumi Co Ltd 613,000 0.042,800 J. Front Retailing Co Ltd 1,540,000 0.10300 Jafco Co Ltd 736,500 0.055,000 Japan Airlines Corp Jal 5,000 0.00200 Japan Petroleum Exploration Co 948,000 0.06A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.54

Universe, The CMI Global Network FundJapan Equity Index TrackingPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue JPYMarktwertJPY% of NetAssets- % desFondsvermögens2,000 Japan Steel Works Ltd 2,142,000 0.1435 Japan Tobacco Inc. 12,180,000 0.773,300 Jfe Holdings Inc 12,424,500 0.791,000 Jgc Corp. 1,668,000 0.114,000 Joyo Bank Ltd 1,668,000 0.112,000 Js Group Corp 3,806,000 0.241,600 Jsr Corp. Tokyo 3,124,800 0.202,500 Jtekt Corp 2,760,000 0.182,000 Juroku Bank Ltd 742,000 0.051,000 Kagome Co Ltd 1,596,000 0.101,000 Kagoshima Bank Ltd 657,000 0.048,000 Kajima Corp. 1,832,000 0.122,000 Kamigumi Co Ltd 1,504,000 0.101,000 Kandenko Co Ltd 594,000 0.042,000 Kaneka Corp. 1,212,000 0.085,400 Kansai Electr. Power C. Jpy500 11,566,800 0.732,000 Kansai Paint Co Ltd Osaka 1,524,000 0.104,000 Kao Corp. 9,480,000 0.6010,000 Kawasaki Heavy Ind. 2,580,000 0.163,000 Kawasaki Kisen 1,119,000 0.0725 Kddi Corp. 12,100,000 0.774,000 Keihan Electric Railway Co Ltd 1,552,000 0.103,000 Keihin Elec.express Railway Co 2,304,000 0.153,000 Keio Corp 1,893,000 0.123,000 Keisei Electric Railway 1,707,000 0.112,000 Keiyo Bank Ltd 902,000 0.06330 Keyence Corp. 7,372,200 0.471,000 Kikkoman Corp. 1,094,000 0.072,000 Kinden Corp 1,638,000 0.1010,000 Kintetsu Corp 2,910,000 0.185,000 Kirin Holdings Co Ltd 6,895,000 0.44200 Kobayashi Pharmaceutical Co 770,000 0.0519,000 Kobe Steel Ltd 3,819,000 0.241,000 Koito Manufacturing Co Ltd 1,388,000 0.091,000 Kokuyo Co Ltd 779,000 0.057,500 Komatsu Ltd 14,700,000 0.93300 Komeri Co Ltd 730,500 0.051,000 Konami Corp 1,803,000 0.113,000 Konica Minolta Holdings Inc 3,273,000 0.21300 Kose Corp Tokyo 658,500 0.045,000 Kubota Corp 4,260,000 0.272,500 Kuraray Co Ltd 3,145,000 0.20600 Kurita Water Ind.ltd 1,587,000 0.101,400 Kyocera Corp. 12,754,000 0.811,846 Kyowa Hakko Kogyo Co 1,781,390 0.113,000 Kyushu Electr.power Co/jpy 500 6,105,000 0.39600 Lawson Inc 2,394,000 0.151,000 Leopalace21 Corp 485,000 0.032,000 Lion Corp. 942,000 0.06200 Mabuchi Motors 1,076,000 0.07800 Makita Corp 2,464,000 0.1612 Manex Group Inc 552,000 0.049,000 Marubeni Corp. 5,229,000 0.331,500 Marui Group Co Ltd 1,017,000 0.06600 Maruichi Steel Tube 1,137,600 0.071,500 Matsui Securities Ltd 1,002,000 0.06600 Matsumotokiyoshi Holdings Co 1,269,000 0.0817,900 Matsushita Electr.ind. 25,597,000 1.622,000 Matsushita Electric Works Ltd 2,360,000 0.157,000 Mazda Motor Corp 1,841,000 0.121,700 Mediceo Paltac Holdings Co Ltd 1,881,900 0.12551 Meiji Holdings Co Ltd 2,000,130 0.134,000 Minebea Co Ltd 2,276,000 0.14300 Miraca Holdings Inc 855,000 0.05400 Misumi Group Inc 767,200 0.058,500 Mitsubishi Chemical Hldgs Corp 4,063,000 0.269,400 Mitsubishi Corp 23,030,000 1.4611,000 Mitsubishi Electric Corp 9,449,000 0.608,000 Mitsubishi Estate Co. 12,240,000 0.783,000 Mitsubishi Gas Chemical 1,689,000 0.1124,000 Mitsubishi Heavy Industries 9,288,000 0.591,000 Mitsubishi Logistics Corp 1,162,000 0.07Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue JPYMarktwertJPY% of NetAssets- % desFondsvermögens8,000 Mitsubishi Materials Corp 2,152,000 0.1428,000 Mitsubishi Motor Corp. 3,556,000 0.233,000 Mitsubishi Rayon Co. Ltd 1,185,000 0.081,000 Mitsubishi Tanabe Pharma Corp 1,320,000 0.08104,410 Mitsubishi Ufj Financial Group 51,160,900 3.25500 Mitsubishi Ufj Lease & Finance 1,700,000 0.1110,000 Mitsui & Co Ltd 15,710,000 1.005,000 Mitsui Chemicals Inc. 1,415,000 0.095,000 Mitsui Engin.+shipbuil 1,165,000 0.077,000 Mitsui Fudosan Co 11,109,000 0.704,000 Mitsui Mining+smelting 1,120,000 0.077,000 Mitsui O.s.k.lines Ltd Tokyo 4,697,000 0.30700 Mitsumi Electric Co 1,432,200 0.0983,500 Mizuho Financial Group Inc 15,447,500 0.9814,000 Mizuho Trust & Banking Co Ltd 1,316,000 0.081,000 Mochida Pharmaceutical 890,000 0.06600 Mori Seiki 691,800 0.042,900 Msig Holdings 7,525,500 0.481,600 Murata Manufacturing Co Ltd 8,496,000 0.54200 Musashino Bank Ltd 536,800 0.035,000 Nagoya Railroad Co Ltd 1,340,000 0.082,000 Namco Bandai Hldg 1,822,000 0.123,000 Nanto Bank Ltd 1,584,000 0.1019,000 Nec Corp 5,339,000 0.342,000 Ngk Insulators Ltd 3,814,000 0.241,000 Ngk Spark Plug Co Ltd 1,270,000 0.082,000 Nhk Spring Co 1,716,000 0.112,000 Nichirei Corp. 700,000 0.04400 Nidec Corp 4,008,000 0.252,000 Nikon Corp. 4,082,000 0.26800 Nintendo Co.ltd 25,040,000 1.591,500 Nippon Electric Glass 1,975,500 0.136,000 Nippon Express Co.ltd 2,412,000 0.151,000 Nippon Kayaku Co Ltd 812,000 0.051,000 Nippon Meat Packers 1,183,000 0.076,000 Nippon Mining Holdings Inc 2,622,000 0.178,000 Nippon Oil Corp 3,768,000 0.241,000 Nippon Paint Co Ltd 612,000 0.04600 Nippon Paper Group Inc 1,443,000 0.095,000 Nippon Sheet Glass Co. 1,380,000 0.091,000 Nippon Shokubai Co Ltd 845,000 0.0538,000 Nippon Steel Corp 13,946,000 0.883,900 Nippon Tel&tel 15,366,000 0.977,000 Nippon Yusen K K 2,583,000 0.165,000 Nipponkoa Insurance Co Ltd 2,935,000 0.197,000 Nishi Nippon City Bk 1,932,000 0.123,000 Nishi-nippon Railroad 1,083,000 0.071,000 Nissan Chemical Ind. 1,308,000 0.0816,600 Nissan Motor Co.ltd 13,296,600 0.842,000 Nissay Dowa General Insurance 966,000 0.06200 Nissha Printing Co Ltd 730,000 0.051,500 Nisshin Seifun Group Inc 1,810,500 0.116,000 Nisshin Steel Co Ltd 1,170,000 0.071,000 Nisshinbo Ind. 968,000 0.06700 Nissin Food Products Co.ltd 2,201,500 0.14300 Nitori Co Ltd 2,130,000 0.141,000 Nitto Denko Corp 3,630,000 0.23700 Nok Corp 984,900 0.0627,100 Nomura Holdings Inc 18,671,900 1.18500 Nomura Real Estate Hdgs Inc 721,000 0.051,500 Nomura Research Institute Ltd 3,195,000 0.203,000 Nsk Ltd 2,214,000 0.143,000 Ntn Corp 1,266,000 0.089 Ntt Data Corp 2,803,500 0.18125 Ntt Docomo Inc 17,800,000 1.1310 Ntt Urban Dev Corp 790,000 0.055,000 Obayashi Corp. 2,075,000 0.1340 Obic Co Ltd Tokyo 679,200 0.044,000 Odakyu El.railway 3,112,000 0.202,000 Ogaki Kyoritsu Bk 646,000 0.047,000 Oji Paper Co Ltd 2,870,000 0.181,000 Okuma Corp 682,000 0.04A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.55

Universe, The CMI Global Network FundJapan Equity Index TrackingPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue JPYMarktwertJPY% of NetAssets- % desFondsvermögens1,400 Olympus Corp 4,200,000 0.272,000 Omron Corp 4,340,000 0.28700 Ono Pharmaceutical Co 2,912,000 0.181,000 Onward Holdings Co Ltd 729,000 0.05200 Oracle Corp Japan Toky 867,000 0.05300 Oriental Land Co Ltd 1,956,000 0.12820 Orix Corp 6,797,800 0.4313,000 Osaka Gas Co Ltd 4,355,000 0.28200 Osaka Titanium Technologies Co 775,000 0.05100 Otsuka Corp 594,000 0.041,000 Pacific Metals Co Ltd 777,000 0.05850 Promise Co Ltd 736,950 0.051,000 Qp Corp. 1,015,000 0.061,000 Rengo Co Ltd 550,000 0.033,300 Resona Holdings Inc 3,900,600 0.254,000 Ricoh Co.ltd 5,840,000 0.37400 Rinnai Corp. 1,964,000 0.12800 Rohm Co.ltd 5,584,000 0.35200 Ryohin Keikaku Co Ltd 789,000 0.053,000 Sagami Railway Co Ltd 1,185,000 0.081,000 San-in Godo Bank Ltd 780,000 0.05400 Sankyo 1,850,000 0.12500 Santen Pharmaceutical 1,403,000 0.0923,000 Sanyo Electric Co.ltd 3,450,000 0.222,000 Sapporo Hokuyo Holdings Inc 854,000 0.052,000 Sapporo Holdings Ltd 976,000 0.06132 Sbi Holdings Inc 2,435,400 0.151,300 Secom Ltd 5,317,000 0.341,000 Sega Sammy Holding Inc 1,132,000 0.071,000 Seiko Epson Corp 1,452,000 0.092,000 Seino Holdings Co Ltd 1,332,000 0.083,000 Sekisui Chemical Co Ltd 1,902,000 0.124,000 Sekisui House Ltd 3,736,000 0.245,100 Seven & I Holdings Co Ltd 11,520,900 0.732,000 Seventy-seven (77) Bank 1,068,000 0.076,000 Sharp Corp. 7,014,000 0.442,000 Shiga Bank Ltd 1,180,000 0.071,400 Shikoku Electric Power Co Inc. 3,708,600 0.24200 Shima Seiki Mfg Ltd 418,000 0.03200 Shimachu Co Ltd 398,800 0.032,000 Shimadzu Corp 1,498,000 0.09100 Shimamura Corp. 828,000 0.05600 Shimano Inc. 2,481,000 0.164,000 Shimizu Corp 1,560,000 0.102,400 Shin-etsu Chemical Co 13,032,000 0.83400 Shinko Electric Industries Co 578,400 0.044,000 Shinko Securities Co Ltd 1,184,000 0.0812,000 Shinsei Bank Ltd 1,356,000 0.092,000 Shionogi & Co Ltd 3,556,000 0.232,000 Shiseido Co.ltd 4,060,000 0.264,000 Shizuoka Bank Ltd 3,260,000 0.215,000 Showa Denko Kk 1,055,000 0.071,000 Showa Shell Sekiyu Kk 632,000 0.04400 Smc Corp 5,076,000 0.323,800 Softbank 8,751,400 0.5610,800 Sojitz Corp 1,954,800 0.126,000 Sompo Japan Insurance Inc 3,936,000 0.257,300 Sony Corp Jpy 50 26,134,000 1.666 Sony Financial Holding Inc 1,842,000 0.12400 Square Enix 817,600 0.051,000 Stanley Electric Co Ltd 1,813,000 0.11800 Sumco Corp 1,590,400 0.102,000 Sumitomo Bakelite Co 1,072,000 0.0710,000 Sumitomo Chemical Co.ltd 4,570,000 0.296,100 Sumitomo Corp. 6,557,500 0.423,900 Sumitomo Electric Industries 4,469,400 0.281,000 Sumitomo Forestry Co. 763,000 0.053,000 Sumitomo Heavy Industries 1,689,000 0.1124,000 Sumitomo Metal Industries 6,792,000 0.434,000 Sumitomo Metal Mining Co.ltd 5,564,000 0.3510,400 Sumitomo Mitsui Financial Gr. 32,136,000 2.045,000 Sumitomo Osaka Cement Co Ltd 810,000 0.05Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue JPYMarktwertJPY% of NetAssets- % desFondsvermögens4,000 Sumitomo Realty+development 7,116,000 0.451,000 Sumitomo Rubber Ind. 824,000 0.059,000 Sumitomo Tr.+banking 4,932,000 0.312,000 Suruga Bank Ltd 1,672,000 0.11400 Suzuken Co 1,318,000 0.082,800 Suzuki Motor Corp 5,776,400 0.371,600 T&d Holdings Inc Tokyo 3,540,800 0.225,000 Taiheiyo Cement Corp. Tokyo 670,000 0.047,000 Taisei Corp. 1,442,000 0.092,000 Taisho Pharmaceutical Co.ltd 3,400,000 0.222,000 Taiyo Nip.sanso Corp 1,828,000 0.121,000 Taiyo Yuden Co Ltd 1,477,000 0.092,000 Takara Holdings Inc 1,048,000 0.072,000 Takashimaya Co Ltd 1,536,000 0.10500 Takata Corp Tokyo 1,198,000 0.084,200 Takeda Pharmaceutical Co Ltd 17,283,000 1.10680 Takefuji Corp 270,640 0.02800 Tdk Corp 4,976,000 0.326,000 Teijin Ltd 1,884,000 0.121,100 Terumo Corp. 5,478,000 0.351,000 Thk Co Ltd 2,040,000 0.135,000 Tobu Railway Co.ltd 2,595,000 0.163,000 Toda Corp 1,011,000 0.061,400 Toho Co Ltd .tokyo 2,108,400 0.134,000 Toho Gas Co Ltd 2,040,000 0.133,000 Tohoku Electr.power Jpy 500 5,928,000 0.381,000 Tokai Carbon Ltd 544,000 0.03400 Tokai Rika Co Ltd 767,600 0.054,300 Tokio Marine Holdings Inc 11,321,900 0.722,000 Tokuyama 1,036,000 0.077,600 Tokyo Electric Power Jpy 500 18,939,200 1.20900 Tokyo Electron Co Ltd 5,580,000 0.3514,000 Tokyo Gas Co.ltd 5,768,000 0.37700 Tokyo Steel Mfg 819,700 0.051,000 Tokyo Style Co Ltd 650,000 0.042,000 Tokyo Tatemono Co Ltd 672,000 0.047,000 Tokyu Corp 2,737,000 0.173,000 Tokyu Land Corp. 1,071,000 0.072,000 Tonengeneral Sekiyu Kk Tokyo 1,578,000 0.104,000 Toppan Printing Co.ltd 3,376,000 0.218,000 Toray Industries Inc. 4,368,000 0.2822,000 Toshiba Corp 10,626,000 0.674,000 Tosoh Corp 952,000 0.063,000 Toto Ltd 1,911,000 0.121,200 Toyo Seikan Kaisha Ltd 1,987,200 0.131,000 Toyo Suisan Kaisha 2,418,000 0.155,000 Toyobo Co Ltd 745,000 0.05400 Toyoda Gosei Co Ltd 1,048,400 0.07500 Toyota Boshoku Corp. 898,000 0.061,000 Toyota Industries Corp 2,670,000 0.1719,100 Toyota Motor Corp. 71,529,500 4.541,400 Toyota Tsusho Corp. 2,052,400 0.13700 Trend Micro Inc..tokyo 2,282,000 0.14500 Tsumura & Co 1,357,500 0.091,000 U N Y Co Ltd 773,000 0.054,000 Ube Industries Ltd 960,000 0.06300 Ulvac Inc 728,100 0.05300 Uni-charm Corp. 2,709,000 0.17800 Ushio Inc 1,268,800 0.08200 Uss Co Ltd Tokai 1,270,000 0.081,000 Wacoal Holdings Corp 1,168,000 0.0712 West Japan Railway Co 3,864,000 0.25130 Yahoo Japan Corp Tokyo 4,426,500 0.281,200 Yakult Honsha 3,026,400 0.19670 Yamada Denki Co Ltd 4,623,000 0.292,000 Yamaguchi Financial Group Inc 2,046,000 0.131,300 Yamaha Corp. 1,569,100 0.101,000 Yamaha Motor Co Ltd 1,401,000 0.09400 Yamatake Corp 874,400 0.063,000 Yamato Holdings Co Ltd 3,942,000 0.25400 Yamato Kogyo Co Ltd 1,242,000 0.081,000 Yamazaki Baking Co 1,157,000 0.07A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.56

Universe, The CMI Global Network FundJapan Equity Index TrackingPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue JPYMarktwertJPY% of NetAssets- % desFondsvermögens1,000 Yaskawa Electric Corp. 855,000 0.052,000 Yokogawa Electric Corp 1,628,000 0.102,000 Yokohama Rubber Co Ltd 880,000 0.061,000 Zeon Corp 546,000 0.03TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTAND1,545,985,313 98.07OTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN30,361,905 1.931,576,347,218 100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.57

Universe, The CMI Global Network FundJapan Equity Index TrackingSector Analysis of Portfolio as at 31 March 2010Analyse des Wertpapierbestandes nach Sektoren zum31. März 2010SectorSektorHolding and finance companies - Holding- undFinanzgesellschaften% of NetAssets- % desFondsvermögens16.89Electronic semiconductor - Elektronischer Halbleiter 14.90Automobile industry - Automobilindustrie 10.55Public services - Energie und Wasserversorgung 5.16Banks and financial institutions - Banken, Kreditinstitute 5.06Pharmaceuticals and cosmetics - Pharmazeutika und Kosmetik 4.89Mechanics, machinery - Maschinen- und Apparatebau 4.51Transport - Verkehr und Transport 4.02Chemicals - Chemie 3.99Other business houses - Diverse Handelshäuser 3.93News transmission - Nachrichtenübermittlung 2.87Electronics and electrical equipment - Elektrotechnik und2.71ElektronikConstruction, building materials - Bau, Baustoffe 2.60Real estate - Immobiliengesellschaften 2.19Coal mines, heavy industries - Bergbau, Schwerindustrie 1.87Internet software - Internet software 1.70Office equipment, computers - Büroeinrichtung, Computer 1.44Food and distilleries - Nahrungsmittel, alkoholische Getränke 1.22Retail trade, department stores - Einzelhandel und1.17WarenhäuserTobacco and spirits - Tabak und alkoholische Getränke 1.05Graphic art and publishing - Grafik und Verlage 0.80Insurance - Versicherungen 0.77Non-ferrous metals - Nichteisenmetalle 0.67Petrol - Treibstoff 0.60Tyres and rubber - Gummi und Reifen 0.56Other services - Sonstige Dienstleistungen 0.51Consumer goods - Verschiedene Konsumgüter 0.43Forest products and paper industry - Papier und Holz 0.27Photography and optics - Photo und Optik 0.27Textile - Textil- und Bekleidungsindustrie 0.19Package and container industry - Verpackungsindustrie 0.16Leisure - Freizeit 0.12TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTANDOTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN98.071.93100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.58

Universe, The CMI Global Network FundUK Equity Index TrackingPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlShares -AktienDescription - WertpapierbezeichnungMarketValue GBPMarktwertGBP% of NetAssets- % desFondsvermögensTransferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereAustralia - Australien 0.0113,000 Intl Ferro Metals Ltd 5,525 0.01Belgium - Belgien 0.0213,000 Hansen Transmissions Int-w/i 11,817 0.02Bermuda Islands - Bermudas 0.3215,324 Aquarius Platinum 65,127 0.1111,899 Catlin Group Ltd 42,682 0.0812,102 Hiscox Ltd 40,541 0.076,232 Lancashire Holdings 30,113 0.0513,100 Namakwa Diamonds Ltd 4,061 0.01Cayman Islands - Cayman Inseln 0.016,000 Gartmore Group 7,590 0.01Finland - Finnland 0.034,200 Talvivaara Mining 18,703 0.03Gibraltar - Gibraltar 0.0610,620 Partygaming Plc 33,708 0.06Great Britain - Großbritannien 93.5531,477 3i Group Plc 91,787 0.161,200 A G Barr 11,400 0.0234,248 Aberdeen Asset Management Plc 44,351 0.086,482 Admiral Group Plc 85,692 0.1539,538 Aegis Group Plc 50,332 0.0929,100 Afren Plc 29,333 0.052,566 Aga Rangemaster Group Plc 2,823 0.009,246 Aggreko 110,767 0.2021,949 Alliance Trust Plc 75,088 0.1310,830 Amec Plc 86,261 0.1516,866 Amlin Plc 65,305 0.1243,314 Anglo American Plc 1,239,214 2.191,010 Anglo Eastern Plantations Inc 4,697 0.013,632 Anglo Pacific Group Plc 8,653 0.0215,876 Anite 5,120 0.0132,800 Antisoma Plc 2,266 0.0012,882 Antofagasta Plc 133,458 0.247,400 Ark Therapeutics Group Plc Ldn 796 0.0043,124 Arm Holdings Plc 102,635 0.186,639 Arriva Plc 48,631 0.0910,900 Ashmore Group Plc 28,820 0.0520,975 Ashtead Group Plc 20,073 0.0412,936 Ass.british Foods Plc 126,708 0.2247,422 Astrazeneca Plc 1,388,279 2.457,759 Autonomy Corporation Plc 140,748 0.252,304 Aveva Group Plc 26,980 0.0517,270 Avis Europe 5,526 0.0189,470 Aviva Plc 345,175 0.611,560 Axis-shield Plc 6,396 0.017,811 Babcock International Group 46,983 0.08115,183 Bae Systems Plc 427,905 0.7622,784 Balfour Beatty Plc 66,529 0.12393,640 Barclays Plc 1,412,380 2.4929,242 Barratt Devel.plc 36,436 0.0614,500 Bba Aviation Plc 28,217 0.054,155 Bellway Plc 32,077 0.065,218 Berkeley Group Hld Plc /units 42,422 0.07110,058 Bg Group Plc 1,254,111 2.2172,094 Bhp Billiton Plc 1,629,324 2.88Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue GBPMarktwertGBP% of NetAssets- % desFondsvermögens5,400 Big Yellow Group 18,441 0.032,700 Bloomsbury Publishing Plc 3,092 0.014,925 Bluebay Asset Management /new 17,927 0.036,700 Bodycote Plc 14,284 0.0349,300 Booker Group Plc 21,938 0.044,862 Bovis Homes Group Plc 19,448 0.03612,409 Bp Plc 3,812,246 6.737,327 Brewin Dolphin Hldgs/gbp 0.01 10,426 0.0237,565 British Airways Plc 91,959 0.1665,219 British American Tobacco (25p) 1,485,037 2.6227,849 British Land 133,480 0.2442,944 British Sky Broadcasting Group 257,235 0.457,334 Britvic Plc 34,140 0.064,340 Bss Group Plc 12,304 0.02252,605 Bt Group Plc 312,220 0.559,383 Btg Plc 16,983 0.0310,719 Bunzl Plc 77,713 0.1414,131 Burberry Group Plc 101,319 0.1885,871 C&w Commun 47,358 0.0885,871 Cab & Wire Wrld 75,566 0.1344,980 Cairn Energy 189,366 0.331,504 Caledonia Investments Plc 24,651 0.0420,332 Capita Grp 154,625 0.278,388 Capital & Regional Plc 2,978 0.012,127 Care Uk Plc 9,497 0.0213,484 Carillion Plc 43,810 0.086,943 Carnival Plc 188,155 0.331,737 Carpetright 13,766 0.021,700 Carter & Carter Group Plc 0.00 0.001,900 Castings Plc 3,515 0.019,409 Centaur Media Plc 4,799 0.01166,540 Centrica Plc 492,459 0.8717,995 Chaucer Holdings Plc 8,458 0.011,205 Chemring Group Plc 40,018 0.073,853 Chesnara Plc 8,804 0.023,623 Chime Communications Plc 6,376 0.019,115 Chloride Group Plc 19,141 0.031,928 Chrysalis Plc 2,024 0.004,915 Close Brothers Group Plc 38,190 0.071,499 Cls Holdings Plc 7,225 0.0137,042 Cobham Plc 95,531 0.178,014 Collins Stewart Plc 6,812 0.017,702 Communisis Plc 1,252 0.0060,785 Compass Group Plc 318,817 0.565,300 Computacenter Plc 16,032 0.035,660 Connaught Plc 14,874 0.032,000 Consort Medical Plc 7,100 0.019,419 Cookson Grp 52,134 0.091,217 Cranswick Plc 9,882 0.024,833 Croda Intl Plc 45,430 0.086,329 Csr Plc 29,031 0.0514,073 D S Smith Plc 19,153 0.03200 Daejan Holdings Plc 4,870 0.0110,280 Daily Mail & General Tr A 50,989 0.094,866 Dairy Crest Group Plc 17,688 0.033,500 Dana Petroleum Plc 41,790 0.075,803 Davis Service Group 24,454 0.043,703 De La Rue Plc 34,623 0.0646,414 Debenhams Plc 35,019 0.062,192 Dechra Pharmaceuticals Plc 9,437 0.025,150 Delta Plc 9,643 0.023,434 Derwent London Plc 47,183 0.08969 Development Securities 2,614 0.005,511 Devro Plc 9,066 0.0282,276 Diageo Plc 915,732 1.622,300 Dignity Plc 14,214 0.0257,848 Dimension Data Holding Ltd 52,613 0.095,370 Diploma Plc 10,310 0.02A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.59

Universe, The CMI Global Network FundUK Equity Index TrackingPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue GBPMarktwertGBP% of NetAssets- % desFondsvermögens3,932 Domino Print Serv. 15,217 0.035,000 Domino S Pizza Uk & Irl Plc 16,935 0.0313,563 Drax Group Plc 50,685 0.09123,764 Dsg International Plc 43,107 0.083,500 Dunelm Group Plc 12,950 0.025,172 E2v Technologies Plc 1,952 0.006,900 Eaga Plc 10,074 0.0210,784 Easyjet Plc 49,272 0.091,260 Edinburgh Us Tracker Trust Plc 7,736 0.0115,558 Electrocomponents 34,383 0.0615,210 Elementis Plc 8,365 0.0119,466 Entreprise Inns Plc 23,476 0.0412,620 Eurasian Natural Res Corp Plc 149,673 0.268,533 Evolution Group Plc 10,709 0.0233,329 Experian Plc 216,972 0.3816,870 F&c Asset Management Plc 10,265 0.026,000 Fenner 12,684 0.027,000 Ferrexpo Plc 26,075 0.051,459 Fidelity Special Values Plc 8,025 0.011,227 Fidessa Group Plc 16,086 0.038,200 Filtrona Plc Milton Keynes 17,794 0.0311,924 Findel Plc 2,862 0.011,500 Finsbury Worldwide Pharmac.plc 10,440 0.0216,447 Firstgroup Plc 58,140 0.101,665 Forth Ports Plc 23,143 0.0458,258 Fortune Oil 4,165 0.017,028 Fresnillo Plc 59,738 0.111,300 Fuller Smith & Turner A 7,150 0.0116,370 Future Plc 3,028 0.0146,000 G4s Plc 120,336 0.2125,663 Galiform Plc 20,120 0.043,018 Galliford Try Plc 9,544 0.022,158 Genus Plc Hampshire 14,739 0.0352,915 Gkn Plc 73,393 0.13170,283 Glaxosmithkline Plc 2,137,052 3.7710,620 Grainger Plc 14,316 0.0310,968 Great Portland Est 34,670 0.068,278 Greene King Plc 37,334 0.074,360 Greggs Plc 21,377 0.043,300 H. Brammer Plc 4,191 0.016,986 Halfords Group Plc 33,295 0.0612,710 Halma Plc 32,220 0.0622,770 Hammerson 89,509 0.1613,750 Hampson Industries Plc 7,975 0.0110,000 Hansteen Holdings Plc 8,000 0.015,400 Hargreaves Lansdown Plc 17,712 0.0347,433 Hays Plc 51,560 0.093,630 Headlam Group Plc 9,547 0.024,060 Helical Bar Plc 13,581 0.029,728 Helphire Group London 5,107 0.014,866 Hikma Pharmaceuticals Plc 30,412 0.052,851 Hill & Smith Holdings 9,508 0.0214,300 Hmv Group Plc 12,112 0.023,318 Hochschild Mining Plc 9,118 0.022,500 Holidaybreak Plc 6,288 0.0128,604 Home Retail Group Plc 77,431 0.142,226 Homeserve 39,845 0.07565,722 Hsbc Holdings Plc 3,788,640 6.695,094 Hunting Plc 31,226 0.0521,218 Icap Plc 79,313 0.1412,277 Ig Group Holdings Plc 49,697 0.099,400 Imagination Technologies Group 22,287 0.0410,929 Imi Plc 72,514 0.138,200 Impax Environmental Mkts Plc 9,717 0.0233,211 Imperial Tobacco Group Plc 667,873 1.18156,845 Inchcape Plc 46,018 0.0814,919 Inmarsat Plc 113,459 0.2010,500 Intec Telecom Systems 5,880 0.019,347 Intercont Hotels Group Inc 96,461 0.1713,192 Intermediate Capital Group 36,318 0.069,265 International Personal Fi. Plc 22,384 0.04Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue GBPMarktwertGBP% of NetAssets- % desFondsvermögens49,610 International Power Plc 157,958 0.284,380 Interserve Plc 9,505 0.025,132 Intertek Group Plc 75,132 0.1326,005 Invensys Plc 89,275 0.1616,012 Investec Plc 85,984 0.1513,735 Ip Group Plc 5,631 0.016,405 Ite Group Plc 9,166 0.02132,791 Itv Plc 81,401 0.145,489 J D Wetherspoon Plc 27,966 0.0560,343 J.sainsbury Plc 198,347 0.351,900 James Fisher & Sons Plac 7,980 0.015,717 Jardine Lloyd Thompson Gr.plc 31,729 0.064,004 Jkx Oil & Gas Plc 11,235 0.021,600 John Menzies Plc 5,472 0.017,013 Johnson Matthey Plc 122,868 0.2224,299 Johnston Press Plc 6,743 0.016,994 Kazakhmys Limited 106,169 0.1918,500 Kcom Group Plc 8,741 0.022,400 Keller Group 16,332 0.0319,907 Kesa Electricals 25,401 0.041,410 Kier Group Plc 15,200 0.0376,515 Kingfisher Plc 164,201 0.294,457 Kofax Plc 9,716 0.0230,334 Ladbrokes Plc 48,079 0.0810,851 Laird Plc 13,390 0.0224,694 Land Securities Group Plc 167,796 0.30191,470 Legal & General Group Plc 167,058 0.2918,480 Liberty International Plc 93,509 0.161,292,873 Lloyds Tsb Group Plc 807,399 1.4254,575 Logica 74,877 0.136,254 Lonmin 127,582 0.2312,683 Lookers Plc 6,976 0.0119,100 Low & Bonar Plc 5,921 0.016,674 Lse Group 48,186 0.084,073 Luminar Group Holdings Plc 1,812 0.0055,903 Man Group Plc 134,950 0.2451,824 Marks And Spencer /new 192,526 0.345,069 Marshalls Plc 4,562 0.0119,465 Marston S Plc 18,064 0.036,300 Mcbride Plc 14,389 0.033,021 Mears Group Plc 8,368 0.01236 Mecom Group 434 0.0023,228 Meggitt Plc 71,287 0.1316,990 Melrose Plc 37,055 0.072,240 Melrose Resources Plc 6,440 0.0110,894 Michael Page Intl Plc 43,467 0.086,786 Micro Focus Intl Plc 33,930 0.065,142 Millennium & Copthorne Hotels 24,291 0.0418,673 Misys Plc 45,394 0.0813,568 Mitchells & Butlers Plc 43,146 0.0811,923 Mitie Group Plc 27,113 0.054,786 Modwen Propert.plc.st. 9,199 0.0212,540 Mondi Plc 58,512 0.109,200 Moneysupermarket.com 6,256 0.019,826 Morgan Crucible Co Plc 19,996 0.041,216 Morgan Sindall Plc 6,706 0.013,200 Mothercare Plc 19,296 0.034,100 Mouchel Group Plc 7,708 0.018,839 N Brown Group Plc 19,225 0.0317,346 National Express Group Plc 40,121 0.0779,955 National Grid Plc 517,309 0.916,453 Next Plc 138,869 0.2419,934 Northern Foods Plc 11,671 0.028,000 Northern Rock Plc 0.00 0.006,032 Northgate Plc 11,099 0.0214,772 Northumbrian Water Group Plc 42,410 0.073,841 Novae Group Plc 11,139 0.02173,729 Old Mutual Plc 211,254 0.3721,700 Oxford Biomedica Ltd 2,062 0.001,335 Oxford Instruments Plc 3,538 0.0112,250 Pace Plc 23,373 0.04A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.60

Universe, The CMI Global Network FundUK Equity Index TrackingPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue GBPMarktwertGBP% of NetAssets- % desFondsvermögens10,192 Paragon Group Of Companies Plc 13,851 0.021,863 Paypoint Plc 6,614 0.0126,280 Pearson Plc 272,261 0.4843,152 Pendragon Plc 9,925 0.0211,950 Pennon Group Plc 62,498 0.1110,321 Persimmon Plc 48,199 0.085,830 Peter Hambro Mining Plc 68,794 0.128,457 Petrofac Ltd 102,753 0.1814,153 Premier Farnell Plc 31,915 0.0678,126 Premier Foods Plc 25,094 0.043,915 Premier Oil Plc 48,154 0.0810,000 Prostrakan Group 8,650 0.024,539 Provident Financial 39,421 0.0782,439 Prudential Plc 445,171 0.795,855 Psion Plc 4,889 0.0125,500 Punch Taverns Ltd 21,101 0.048,100 Pv Crystalox Solar 3,929 0.017,900 Pz Cussons Plc 21,448 0.0422,333 Qinetic Group Plc 30,038 0.0519,000 Quintain Est & Dev Plc 10,925 0.0210,892 Rank Group Plc 12,678 0.021,543 Rathbone Brothers Plc 13,424 0.0219,200 Real Estate Opportunities Ltd 3,024 0.0123,139 Reckitt Benckiser Group Plc 839,714 1.4811,318 Redrow Plc 15,981 0.0339,603 Reed Elsevier Plc 208,114 0.371,243 Renishaw Plc 8,086 0.011,100 Renovo Group Sa 261 0.0059,129 Rentokil Initial Plc 76,690 0.148,221 Restaurant Group Plc 19,163 0.0328,593 Rexam Plc 84,349 0.152,070 Ricardo Plc 6,003 0.013,855 Rightmove Plc 25,713 0.0549,620 Rio Tinto Plc /reg. 1,930,962 3.415,126 Rit Capital Partners Plc 55,156 0.102,374 Rm Plc 4,060 0.013,893 Robert Walters Plc 8,565 0.021,400 Robert Wiseman Dairies 7,028 0.0110,000 Rok Plc 3,975 0.0160,493 Rolls-royce Group Plc 362,051 0.643,164 Rotork 45,498 0.08555,531 Royal Bk Of Scotland Plc 242,711 0.4388,748 Royal Dutch Shell /-b- 1,607,670 2.84115,278 Royal Dutch Shell Plc/-a- 2,193,164 3.872,874 Rpc Group Plc 7,300 0.017,658 Rps Group Plc 15,439 0.03110,070 Rsa Insurance Group Plc 139,899 0.2538,451 Sabmiller Plc 747,872 1.325,200 Safestore Holdings Plc 7,436 0.0142,747 Sage Group Plc 102,465 0.186,456 Salamander Energy Plc 16,908 0.034,800 Savills Plc 16,651 0.031,995 Schroders / Non-voting 22,743 0.045,538 Schroders Plc 77,643 0.143,163 Scott Wilson Group Plc 2,689 0.0030,066 Scottish & Southern Energy Plc 332,229 0.594,940 Scottish Amer.inv.co Gbp0.25 10,201 0.022,736 Sdl Plc 13,242 0.0223,985 Segro Plc /reit 76,752 0.1414,149 Senior Plc 15,309 0.0315,973 Serco Group Plc 95,758 0.173,936 Severfield-rowen Plc 7,636 0.017,694 Severn Trent Plc 92,020 0.167,695 Shaftesbury Plc /reit 29,657 0.0512,285 Shanks Group Plc 12,371 0.0220,173 Sig Plc 23,038 0.0428,997 Smith And Nephew Plc 191,525 0.3412,667 Smiths Group Plc 144,784 0.266,781 Smiths New Plc 7,459 0.012,933 Soco Intl Plc 48,248 0.087,000 Southern Cross Healthcare Grp 6,230 0.01Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue GBPMarktwertGBP% of NetAssets- % desFondsvermögens3,893 Spectris Plc 32,215 0.0619,000 Speedy Hire Plc 5,843 0.0112,600 Spice Plc /ipo 3,780 0.012,848 Spirax-sarco Engineering Plc 39,730 0.0723,077 Spirent Communication Plc*opr* 28,154 0.0512,400 Sports Direct International 13,256 0.027,102 Ssl International Plc 57,455 0.103,912 St.ives Plc 2,230 0.005,900 St.james S Place Plc 15,322 0.0324,576 Stagecoach Group Plc 45,097 0.0865,679 Standard Chartered Plc 1,175,982 2.0872,289 Standard Life Plc 146,241 0.263,800 Sthree Plc 13,308 0.022,300 Synergy Health Plc 13,961 0.0212,760 Talk Talk Telecom Group Plc 16,473 0.0315,601 Tate + Lyle Plc 70,985 0.13109,149 Taylor Wimpey Plc 40,789 0.071,000 Ted Baker Plc London 5,020 0.013,200 Telecity Group Plc 13,693 0.021,888 Telecom Plus Plc 5,541 0.01257,106 Tesco Plc 1,122,139 1.9814,158 The Game Group Plc 14,215 0.021,790 The Go-ahead Group Plc 25,293 0.041,345 The Vitec Group Plc 5,246 0.0128,037 Thomas Cook Gp 75,420 0.135,296 Thorntons 6,037 0.0129,951 Tomkins Plc 70,505 0.124,730 Topps Tiles Plc 2,554 0.001,500 Town Centre Securities Plc 2,205 0.007,095 Travis Perkins Plc 58,605 0.1010,292 Trinity Mirror Plc 15,037 0.035,789 Tt Electronics Plc 5,673 0.0118,261 Tui Travel Plc 54,783 0.108,014 Tullet Prebon Plc 27,688 0.0529,035 Tullow Oil Plc 362,647 0.648,176 Uk Coal Plc 4,047 0.012,507 Ultra Electronics Hldgs Plc 37,881 0.072,940 Umeco Plc 10,496 0.0241,965 Unilever Plc 817,059 1.446,079 Unite Group Plc 15,568 0.0322,051 United Utilities Group Plc 123,486 0.223,106 Utv Media Plc 3,681 0.0110,910 Vectura Group Plc 5,019 0.014,457 Vedanta Resources Plc 123,325 0.222,939 Victrex Plc 25,951 0.051,710,169 Vodafone Group Plc 2,597,747 4.586,106 Vt Group Plc 45,673 0.087,171 Weir Group Plc 66,905 0.124,300 Wellstream Hold Tpa 28,079 0.056,145 Wh Smith Plc 30,037 0.055,790 Whitbread Plc 85,634 0.1533,200 Wichford Plc 3,054 0.0123,806 William Hill Plc 50,064 0.094,422 Wincanton Plc 8,888 0.0285,902 Wm Morrison Supermarkets Plc 253,239 0.457,302 Wolfson Microelectronics Plc 10,971 0.029,222 Wolseley Plc 146,538 0.2613,243 Wood Group (john) Plc 47,913 0.0840,992 Workspace Group Plc 9,633 0.023,725 Ws Atkins Plc 23,207 0.043,800 Wsp Group Plc 10,953 0.026,700 Xchanging Plc 12,871 0.0271,416 Xstrata Plc 888,415 1.5776,833 Yell Group Plc 31,133 0.056,011 Yule Catto+co Plc 10,745 0.02Guernsey - Guernsey 0.128,500 Central Rand Gold Ltd 1,020 0.0082,409 Resolution Ltd 67,246 0.12A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.61

Universe, The CMI Global Network FundUK Equity Index TrackingPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue GBPMarktwertGBP% of NetAssets- % desFondsvermögensIsle of Man - DE-Ile de Man 0.033,303 Hardy Oil & Gas Plc 7,002 0.015,300 Lamprell Plc 12,906 0.02Israel - Israel 0.018,350 Batm Advanced Communicat.ltd 3,089 0.01Jersey - Jersey 1.8020,768 3i Infrastructure Plc 22,762 0.0421,527 Beazley Plc 23,314 0.045,600 Charter International Plc 42,168 0.0728,118 Henderson Group Plc 39,843 0.077,100 Heritage Oil Limited 39,831 0.0720,311 Informa Plc 78,401 0.142,954 Randgold Resources Ltd 147,198 0.2628,613 Regus Plc 31,932 0.0618,272 Shire - Shs 266,040 0.478,324 United Business Media Ltd 44,866 0.0841,110 Wpp Plc 281,398 0.50Luxembourg - Luxembourg 0.0415,667 Colt Telecom Group Sa 20,257 0.04Netherlands - Niederland 0.042,693 Brit Insurance - Shs 20,359 0.04Virgin Islands - Virgin Inseln 0.037,043 Gem Diamonds Ltd 17,495 0.03Options,Warrants,Rights -OptionsscheineInvestmentfunds -AnlagefondsTransferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereGreat Britain - Großbritannien 0.00600 Schroder81 0.00Asiapac31.12.12cw/sdpGuernsey - Guernsey 0.015,000 Rights New Fcpt 4,505 0.01Transferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereGreat Britain - Großbritannien 1.673,330 Aberforth Smaller Cos Trust 18,015 0.034,400 Bankers Invest.trust Gbp0.25 17,015 0.031,000 Baring Emerging Europe Ordin. 8,585 0.024,440 Blackro Great.eur.inv.trust 8,036 0.012,000 Blackrock Smaller Co Trust Plc 6,440 0.016,096 Blackrock Wld Mining Trust Plc 37,707 0.075,743 Brit.empire Secur.and.gral.tr. 25,597 0.059,710 British Assets Trust Plc 11,613 0.02772 Candover Investments Plc 5,203 0.01153 City Merchants High Yld Trust 245 0.007,130 City Of London Investment 18,609 0.035,050 Dunedin Income Grth Invest.tr. 9,847 0.028,800 Ecofin Water & Power Opport. 12,540 0.028,600 Edinburgh Dragon Trust Plc 18,172 0.037,580 Edinburgh Investment Trust Plc 30,017 0.054,200 Edinburgh Uk Tracker Trust 10,363 0.021,397 Electra Private Equity Plc 18,734 0.032,540 Electric & General Invest.tr. 9,919 0.02Quantity -AnzahlShares -AktienDescription - WertpapierbezeichnungMarketValue GBPMarktwertGBP% of NetAssets- % desFondsvermögens1,786 Fidelity European Values Plc 19,896 0.041,450 Foreign & Colonial Eurotr.plc 8,004 0.0120,740 Foreign & Colonial Invest.tr. 60,146 0.11900 Gartmore European Inv.trust 5,679 0.013,056 Graphite Enterprise Trust Plc 9,474 0.02250 Hansa Trust Plc 1,850 0.003,242 Henderson Smaller Cies Inv. 7,189 0.013,500 Henderson Tr Pacific Inv.trust 6,099 0.012,800 Herald Invest Trust Plc 10,339 0.0224,281 Invista Foundation Prop.trust 10,198 0.024,600 Jp Morgan Indian Investment 18,883 0.035,894 Jp Morgan Japanese Inves.trust 10,403 0.021,000 Jp Morgan Mid Cap Investm.trst 3,813 0.012,000 Jpmorg. Euro.fledgling Inv.tr. 14,570 0.031,500 Jpmorgan American Invest.trust 12,150 0.025,000 Jpmorgan Asian Investm. Trust 10,125 0.021,870 Jpmorgan Claverhouse Inv.tr. 8,200 0.013,760 Jpmorgan Emerg.mark.inv.tr. 19,872 0.045,650 Jpmorgan Europ.inv./growth Cl. 10,255 0.021,500 Jpmorgan Russian Securities 9,030 0.023,050 Law Debenture Corp Plc 9,241 0.021,000 Lowland Investment Co 6,170 0.015,070 Martin Currie Ptf Inv Trust 6,287 0.013,543 Merchants Trust Plc 12,638 0.0210,200 Monks Investment Trust Plc 31,518 0.062,400 Murray Income Trust Plc 13,344 0.023,171 Murray International Trust Plc 27,762 0.051,000 Pantheon Intl Particip.plc 5,250 0.019,195 Perpetual Inc&gwth Invest Tr. 19,723 0.033,000 Schroder Asiapacific Fd Plc 5,805 0.014,955 Scottish Investment Trust Plc 23,516 0.049,304 Scottish Mortgage Invest.trust 56,615 0.1012,630 Svg Capital Plc 19,450 0.032,130 Temple Bar Investment Trust 16,657 0.0311,298 Templeton Emerging Markets Inv 65,246 0.113,410 The Mercantile Inv. Trust Plc 32,975 0.065,300 The Polar Capital Technolo.tr 15,372 0.032,022 Tr European Growth Trust Plc 8,412 0.018,297 Tr Property Investment Trust 13,059 0.027,271 Witan Investment Trust Plc 34,537 0.06Guernsey - Guernsey 0.319,300 Absolute Return Trust/cap 11,014 0.021,500 Advance Developing Mkt Gbp/dis 6,438 0.013,000 Alternative Inv.strat.sterl.h. 3,232 0.0113,000 Babcock & Brown Plubl.partnsh 14,872 0.021,000 Bh Global Limited Npv Gbp 11,380 0.02800 Bh Macro Ltd /-gbp Class- 14,076 0.028,500 Bluecrest Allblue Fund Ltd/gbp 13,770 0.0216,971 Dexion Alsolute Ltd 24,676 0.044,500 Genesis Emerging Markets/dis 20,925 0.0411,100 Gs Dynamic Opps Ltd /gbp 10,323 0.0214,725 Hsbc Infrastucture Cos 17,331 0.037,000 Ing Uk Real Estate Income Tr 3,353 0.0112,000 Stobart Group Ltd 16,872 0.0311,900 Uk Commercial Prop Reit 9,996 0.02Jersey - Jersey 0.018,600 Assura Group Limited 3,913 0.01Other transferable securities - Sonstige WertpapiereGreat Britain - Großbritannien 0.003,700 D.f.s.furniture Entitlem.units 0.00 0.003,500 Dunelm Group Plc -b- Shares 752 0.0017,226 Rlm Finance Ltd 0.00 0.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.62

Universe, The CMI Global Network FundUK Equity Index TrackingPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue GBPMarktwertGBP% of NetAssets- % desFondsvermögensInvestmentfunds -AnlagefondsOther transferable securities - Sonstige WertpapiereGuernsey - Guernsey 0.029,800 Thames River Multi Hedge Gbp 12,153 0.02TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTAND55,581,613 98.09OTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN1,081,691 1.9156,663,304 100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.63

Universe, The CMI Global Network FundUK Equity Index TrackingSector Analysis of Portfolio as at 31 March 2010Analyse des Wertpapierbestandes nach Sektoren zum31. März 2010SectorSektor% of NetAssets- % desFondsvermögensPetrol - Treibstoff 17.24Banks and financial institutions - Banken, Kreditinstitute 13.54Pharmaceuticals and cosmetics - Pharmazeutika und Kosmetik 6.41News transmission - Nachrichtenübermittlung 6.31Non-ferrous metals - Nichteisenmetalle 5.93SectorSektor% of NetAssets- % desFondsvermögensAgriculture and fishing - Landwirtschaft und Fischerei 0.04Office equipment, computers - Büroeinrichtung, Computer 0.02Automobile industry - Automobilindustrie 0.01Photography and optics - Photo und Optik 0.01Tyres and rubber - Gummi und Reifen 0.01Tobacco and spirits - Tabak und alkoholische Getränke 5.59Retail trade, department stores - Einzelhandel und Warenhäuser 4.39Insurance - Versicherungen 3.17Holding and finance companies - Holding- und Finanzgesellschaften 3.13Precious metals - Edelmetalle und -steine 3.11Public services - Energie und Wasserversorgung 3.10Coal mines, heavy industries - Bergbau, Schwerindustrie 2.84Investment funds - Investmentfonds 2.37Aerospace technology - Flugzeug- und Raumfahrtindustrie 2.21Miscellaneous - Andere 2.18Food and distilleries - Nahrungsmittel, alkoholische Getränke 2.02Leisure - Freizeit 1.80Other services - Sonstige Dienstleistungen 1.71Consumer goods - Verschiedene Konsumgüter 1.59Construction, building materials - Bau, Baustoffe 1.39Real estate - Immobiliengesellschaften 1.30Graphic art and publishing - Grafik und Verlage 1.06Internet software - Internet software 0.95Mechanics, machinery - Maschinen- und Apparatebau 0.89Transport - Verkehr und Transport 0.85Electronic semiconductor - Elektronischer Halbleiter 0.64Biotechnology - Biotechnologie 0.47Electronics and electrical equipment - Elektrotechnik und Elektronik 0.39TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTANDOTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN98.091.91100.00Healthcare, education and social services - Gesundheit Bildung undsoziale Einri0.37Forest products and paper industry - Papier und Holz 0.24Textile - Textil- und Bekleidungsindustrie 0.20Package and container industry - Verpackungsindustrie 0.19Chemicals - Chemie 0.16Other business houses - Diverse Handelshäuser 0.15Various capital goods - Verschiedene Produktionsgüter 0.06Environmental services & recycling - Umwelt und Recycling 0.05A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.64

Universe, The CMI Global Network FundUS Equity Index TrackingPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlShares -AktienDescription - WertpapierbezeichnungMarketValue USDMarktwertUSD% of NetAssets- % desFondsvermögensTransferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereBermuda Islands - Bermudas 0.121,452 Invesco Ltd 31,523 0.071,246 Nabors Industries Ltd 24,110 0.05Cayman Islands - Cayman Inseln 0.071,584 Xl Capital Ltd -a- 29,573 0.07Netherlands Antilles - Niederländische0.68Antillen4,812 Schlumberger Ltd 303,397 0.68Panama - Panama 0.161,836 Carnival Corp 71,953 0.16United States - Vereinigte Staaten 96.002,827 3m Co 238,260 0.536,317 Abbott Laboratories Inc 331,706 0.74391 Abercrombie & Fitch A 17,618 0.042,288 Adobe Systems Inc 81,636 0.182,985 Advanced Micro Devices Inc 27,671 0.062,848 Aes Corp. 31,527 0.071,814 Aetna Inc 64,179 0.141,900 Aflac Inc. 102,201 0.231,690 Agilent Technologies 58,508 0.13545 Aig 18,634 0.04902 Air Products & Chemicals 66,829 0.15300 Airgas Inc. 19,194 0.04500 Ak Steel Holding 11,500 0.03594 Akamai Technologies Inc 18,776 0.043,531 Alcoa Inc 50,846 0.11754 Allegheny Energy Inc 17,259 0.04408 Allegheny Technologies/when Iss 22,220 0.051,170 Allergan Inc. 75,933 0.172,335 Allstate Corp 74,860 0.171,321 Altera Corp 32,365 0.078,299 Altria Group 171,374 0.381,335 Amazon Com Inc 182,294 0.41846 Ameren Corp 22,072 0.051,835 American Electric Power Co.inc 63,161 0.144,852 American Express Co. 200,339 0.451,505 American Tower Corp A 64,384 0.141,095 Ameriprise Financial Inc/wh.i 49,571 0.111,226 Amerisourcebergen Corp. 35,897 0.084,121 Amgen Inc. 247,631 0.56710 Amphenol Corporation -a- 29,976 0.072,045 Anadarko Petrol.corp. 147,956 0.331,240 Analog Devices Inc 35,972 0.081,037 Aon Corp 44,477 0.101,416 Apache Corp. 141,204 0.32424 Apollo Group Inc. A 26,407 0.063,633 Apple Inc 856,770 1.925,762 Applied Materials Inc 77,499 0.172,704 Archer-daniels Midland Co. 78,227 0.18394 Assurant Inc 13,530 0.0323,980 At & T 622,281 1.40964 Autodesk Inc. 28,342 0.062,058 Automatic Data Proces. 91,766 0.21371 Autonation Inc 7,038 0.02121 Autozone Inc 21,003 0.05314 Avalonbay Communities Inc. 27,315 0.06364 Avery Dennison Corp 13,166 0.031,829 Avon Products Inc. 62,442 0.141,491 Baker Hughes Inc 68,511 0.15Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue USDMarktwertUSD% of NetAssets- % desFondsvermögens388 Ball Corp. 20,739 0.0540,113 Bank Of America Corp 712,407 1.604,949 Bank Of Ny Mellon Corp Shs 152,033 0.34473 Bard (c.r.) Inc 40,967 0.092,337 Baxter Intl Inc. 137,112 0.312,559 Bb&t Corporation 81,811 0.18979 Becton Dickinson & Co. 77,390 0.17951 Bed Bath & Beyond Inc. 41,996 0.09450 Bemis Co Inc 12,987 0.036,783 Berkshire Hathaway - B 553,493 1.241,320 Best Buy Co Inc. 56,258 0.13350 Big Lots 13,080 0.031,110 Biogen Idec Inc 64,058 0.141,305 Bj Services Co 27,314 0.061,168 Block Inc. H+r 20,872 0.05713 Bmc Software Inc. 27,180 0.063,049 Boeing Co 224,193 0.50528 Boston Properties 40,255 0.095,970 Boston Scientific Corp. 43,282 0.106,878 Bristol Myers Squibb Co 184,055 0.411,943 Broadcom Corp -a- 64,546 0.14395 Brown-forman Corp. B /non-vot. 23,463 0.05746 C.h.robinson Worldwide Inc 41,940 0.09347 Cabot Oil+gas Inc./cl. 12,714 0.03921 Cameron International Corp 39,373 0.09938 Campbell Soup Co. 33,421 0.081,921 Capital One Financial Corp. 80,528 0.181,613 Cardinal Health Inc. 58,794 0.13806 Carefusion 21,423 0.052,555 Caterpillar Inc. 161,374 0.36991 Cb Richard Ellis Group Inc -a- 15,569 0.043,190 Cbs Corp -b- /when Issued 45,138 0.101,837 Celgene Corp. 114,794 0.261,223 Centerpoint Energy Inc 17,660 0.041,220 Centurytel 43,200 0.10290 Cephalon Inc. 20,529 0.05231 Cf Industries Holdings Inc 21,349 0.053,683 Charles Schwab Corp 69,056 0.162,648 Chesapeake Energy 62,069 0.148,142 Chevron Corporation 613,093 1.381,549 Chubb Corp 80,703 0.181,301 Cigna Corp. 47,591 0.11637 Cincinnati Financial Corp 18,588 0.04551 Cintas 15,637 0.0423,207 Cisco Systems Inc. 618,467 1.3976,203 Citigroup Inc 311,670 0.70765 Citrix Systems Inc 36,712 0.08600 Cliffs Natural Resources Inc 42,750 0.10577 Clorox Co 37,349 0.08290 Cme Group Inc 91,683 0.21862 Cms Energy Corp. 13,387 0.031,573 Coach Inc 62,778 0.141,114 Coca Cola Enterprise 30,969 0.079,315 Coca-cola Co. 511,114 1.151,226 Cognizant Technology Sol.corp 63,090 0.142,018 Colgate-palmolive Co. 172,458 0.3911,561 Comcast Corp/-a- 216,653 0.49495 Comerica Inc. 18,741 0.041,759 Computer Associates Intl Inc 41,213 0.09616 Computer Sciences Corp 33,874 0.081,200 Compuware Corp. 10,152 0.022,037 Conagra Foods Inc 50,844 0.116,060 Conocophillips 310,636 0.70868 Consol Energy Inc 36,699 0.081,240 Consolidated Edison Inc 55,403 0.12673 Constellation Brand -a- 11,051 0.02729 Constellation Energy Group Inc 25,923 0.066,580 Corning Inc. 132,719 0.301,735 Costco Wholesale Corp 104,395 0.23A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.65

Universe, The CMI Global Network FundUS Equity Index TrackingPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue USDMarktwertUSD% of NetAssets- % desFondsvermögens600 Coventry Health Care Inc 15,168 0.031,759 Csx Corp. 90,289 0.20863 Cummins Inc 53,635 0.125,938 Cvs Caremark Corp 219,884 0.491,130 Danaher Corp 91,394 0.21521 Darden Restaurants 23,341 0.05400 Davita Inc 25,368 0.06451 Dean Foods Co 7,130 0.021,519 Deere & Co. 92,826 0.217,485 Dell Inc 112,050 0.251,000 Denbury Resources Inc 16,480 0.04599 Dentsply Intl Inc. 20,845 0.051,818 Devon Energy Corp.(new) 117,097 0.26200 Devry Inc. 13,210 0.03344 Diamond Offshore Drilling 29,381 0.073,824 Directv 125,924 0.281,828 Discover Fin Svc 27,639 0.061,200 Discovery Com Inc/-a- 41,088 0.092,393 Dominion Resources Inc 98,735 0.22900 Donnelley And Sons.rr 19,413 0.04894 Dover Corp. 42,125 0.094,653 Dow Chemical Co. 138,473 0.311,181 Dr Horton Inc 15,117 0.03870 Dr Pepper Snapple Group Inc 30,998 0.07691 Dte Energy Company 31,233 0.073,613 Du Pont De Nem.& Co/e.i. 136,499 0.314,955 Duke Energy Holding Corp 81,262 0.18222 Dun And Bradstreet Corp 16,561 0.046,533 E Trade Financial Corp 10,779 0.02346 Eastman Chemical Co 22,265 0.05642 Eaton Corp. 49,062 0.114,491 Ebay Inc 121,886 0.271,018 Ecolab Inc. 44,690 0.101,490 Edison International 51,420 0.123,228 El Paso Energy Corp 34,927 0.081,430 Electronic Arts 26,870 0.068,155 Emc Corp 147,116 0.332,830 Emerson Electric Co. 143,792 0.32823 Entergy Corp. 67,527 0.151,138 Eog Resources Inc. 106,221 0.24533 Eqt 21,912 0.05544 Equifax Inc 19,682 0.041,293 Equity Residential Sbi 51,061 0.11410 Estee Lauder Cos A 26,855 0.062,560 Exelon Corp 112,538 0.251,047 Expedia Inc Del 25,505 0.06802 Expeditors Intl Wash. 29,690 0.071,119 Express Scripts Inc. 113,690 0.2619,419 Exxon Mobil Corp 1,302,044 2.92529 Family Dollar Stores Inc. 19,562 0.04534 Fastenal 25,899 0.06445 Federated Investors Inc. B 11,699 0.031,335 Fedex Corp. 123,915 0.281,252 Fidelity National Inform Serv 29,334 0.073,741 Fifth Third Bancorp 49,606 0.11858 First Horizon Natl Corp 11,986 0.03200 First Solar Inc 24,436 0.061,369 Firstenergy Corp 53,227 0.12735 Fiserv Inc. 37,301 0.08600 Flir Systems 16,818 0.04236 Flowserve Corp 25,943 0.06805 Fluor Corp (new) 37,899 0.09300 Fmc Corp. 18,420 0.04500 Fmc Technologies Inc 32,680 0.0713,420 Ford Motor Co 178,218 0.401,456 Forest Laboratories 46,141 0.10653 Fortune Brands 32,069 0.071,778 Fpl Group Inc *opa* 84,739 0.19655 Franklin Resources Inc. 73,163 0.161,703 Freeport Mcmoran Copper & Gold 142,473 0.321,287 Frontier Communications Co 9,601 0.02626 Gamestop Corp -a- 13,659 0.03Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue USDMarktwertUSD% of NetAssets- % desFondsvermögens800 Gannett Co.inc. 13,488 0.032,042 Gap Inc. 47,476 0.111,679 General Dynamics Corp 130,106 0.2943,110 General Electric Co 788,913 1.771,315 General Mills Inc 93,589 0.21676 Genuine Parts Co 28,777 0.061,700 Genwaorth Financial / -a- 29,665 0.071,094 Genzyme Corp. 57,457 0.133,804 Gilead Sciences Inc. 173,500 0.392,048 Goldman Sachs Group Inc. 350,986 0.79506 Goodrich Corp 36,199 0.081,364 Goodyear Tire & Rubber 17,650 0.04986 Google Inc A 558,766 1.25230 Grainger Inc..ww 25,130 0.063,694 Halliburton Co 110,820 0.251,051 Harley Davidson Inc. 29,985 0.07300 Harman Intl Industries Inc 14,175 0.03531 Harris Corp. 25,180 0.061,672 Hartford Fin.serv.group 46,883 0.11592 Hasbro Inc. 23,118 0.051,019 Hcp Inc 33,770 0.08486 Health Care Reit Inc 22,215 0.051,402 Heinz (h.j.) Co 64,141 0.14400 Helmerich & Payne 14,992 0.031,251 Hess Corp 77,712 0.179,551 Hewlett-packard Co. 508,686 1.147,074 Home Depot Inc. 231,249 0.522,817 Honeywell International Inc. 126,624 0.28300 Hormel Foods Corporati 12,660 0.03594 Hospira Inc *opa* 33,775 0.082,137 Host Hotels & Resorts Inc 31,542 0.072,194 Hudson City Bancorp Inc 30,935 0.07704 Humana Inc. 33,327 0.071,500 Huntington Bancshares Inc. 8,115 0.025,283 Ibm Corp 680,292 1.531,429 Illinois Tool Works 67,777 0.15329 Integrys Energy Group Inc 15,601 0.0422,565 Intel Corp. 504,328 1.13302 Intercontinental Exchange Inc 33,329 0.071,892 International Paper Co 47,792 0.111,851 Interpublic Group 15,734 0.04307 Intl Flavors & Fragr. 14,641 0.031,328 Intl Game Technology 24,422 0.061,484 Intuit 50,990 0.11163 Intuitive Surgical Inc 56,872 0.13800 Iron Mountain Inc 21,936 0.05830 Itt Corp 44,596 0.10739 Jabil Circuit Inc. 12,201 0.03508 Jacobs Engineer.group 23,068 0.05792 Janus Capital Group Inc 11,444 0.03490 Jm Smucker Co 29,572 0.0711,147 Johnson & Johnson 723,440 1.622,746 Johnson Controls Inc. 90,288 0.2016,164 Jpmorgan Chase & Co 720,591 1.622,375 Juniper Networks Inc. 73,316 0.161,076 Kellogg Co 57,835 0.133,602 Keycorp 27,952 0.061,710 Kimberly Clark Corp 107,969 0.241,069 Kimco Realty Corp. 17,147 0.041,293 King Pharmaceuticals Inc 15,387 0.03715 Kla Tencor Corporation 22,079 0.051,308 Kohl S Corp. 72,267 0.166,956 Kraft Foods Inc -a- 212,158 0.482,813 Kroger Co. 60,311 0.14564 L-3 Communications Hlds Inc 52,418 0.12453 Laboratory Corp Of Amer.hld 34,405 0.08565 Legg Mason Inc. 16,498 0.04718 Leggett + Platt Inc. 15,638 0.04924 Lennar Corp. -a- 16,678 0.04636 Leucadia National Corp. 15,919 0.04316 Lexmark Intl Inc. 11,423 0.03748 Life Technologies Corp 39,464 0.09A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.66

Universe, The CMI Global Network FundUS Equity Index TrackingPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue USDMarktwertUSD% of NetAssets- % desFondsvermögens4,072 Lilly (eli) & Co 146,185 0.331,086 Limited Brands Inc 28,106 0.061,200 Lincoln National Corp. 36,096 0.08881 Linear Technology 25,197 0.061,319 Lockheed Martin Corp 110,915 0.251,613 Loews Corp 60,052 0.13728 Lorillard Inc 54,571 0.126,031 Lowe S Companies Inc. 146,795 0.332,817 Lsi Corporation 17,832 0.04303 M&t Bank Corporation 24,167 0.051,823 Macy S 40,325 0.092,864 Marathon Oil Corp. 89,930 0.201,355 Marriott Intl Inc. A 43,062 0.102,203 Marsh & Mc-lennan Cos Inc. 54,084 0.121,442 Marshall & Iisley Corp /w.i 11,550 0.031,204 Masco Corp. 18,542 0.04385 Massey Energy Co 20,401 0.05397 Mastercard Inc. Shs-a- 100,207 0.221,459 Mattel Inc. 33,732 0.08475 Mc-cormick&co/n.voting 18,188 0.04700 Mcafee Inc 28,455 0.064,467 Mcdonald S Corp. 300,361 0.671,471 Mcgraw Hill Companies Inc 52,721 0.12975 Mckesson Corp 65,052 0.15900 Mead Johnson -a- 46,980 0.11808 Meadwestvaco Corp 20,984 0.051,851 Medcohealth Solutions 120,685 0.274,528 Medtronic Inc. 203,986 0.461,011 Memc Electronic Materials 15,681 0.0412,334 Merck 464,498 1.043,316 Metlife Inc 142,157 0.321,000 Metropcs Communications Inc 7,090 0.02826 Microchip Technology Inc. 23,483 0.053,192 Micron Technology Inc 34,442 0.0831,604 Microsoft Corp 940,851 2.11264 Millipore Corp 27,863 0.06600 Molex Inc. 12,630 0.03580 Molson Coors Brew-b-non-vot 24,435 0.062,252 Monsanto Co 160,815 0.36998 Monster Worldwide Inc 17,026 0.04834 Moody S Corp/When Issued 25,212 0.065,172 Morgan Stanley 151,074 0.3410,556 Motorola Inc. 76,003 0.17841 Murphy Oil Corp. 46,373 0.101,103 Mylan Inc 24,983 0.06450 Nasdaq Omx Group Inc 9,477 0.021,836 National Oilwell Varco Inc 74,285 0.17979 National Semiconductor Corp 14,254 0.031,515 Netapp Inc 49,344 0.111,200 Newell Rubbermaid Inc. 18,444 0.041,963 Newmont Mining Corp. 99,603 0.229,001 News Corp -a- 130,064 0.291,467 Nike Inc B 108,279 0.241,034 Nisource Inc 16,534 0.04745 Noble Energy 53,372 0.12774 Nordstrom Inc 32,013 0.071,611 Norfolk Southern Corp. 90,538 0.20700 Northeast Utilities 19,481 0.04922 Northern Trust Corp 50,387 0.111,383 Northrop Grumman Corp 90,891 0.201,100 Nrg Energy Inc *ope* 23,199 0.051,289 Nucor Corp. 58,727 0.132,195 Nvidia Corp. 38,698 0.091,202 Nyse Euronext 35,543 0.08550 O Reilly Automotive Inc 23,007 0.053,352 Occidental Petroleum Corp 282,473 0.631,501 Omnicom Group Inc. 59,860 0.13400 Oneok Inc (new) 18,432 0.0415,543 Oracle Corp 396,968 0.89700 Owens-illinois Inc. 24,682 0.061,720 Paccar Inc. 75,388 0.17500 Pactiv Corp. 12,725 0.03Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue USDMarktwertUSD% of NetAssets- % desFondsvermögens464 Pall Corp. 18,815 0.04809 Parker-hannifin 53,006 0.12628 Patterson Companies Inc 19,619 0.041,451 Paychex Inc. 45,068 0.101,223 Peabody Energy 55,854 0.13915 Penney (j.c.) Co.inc 29,902 0.071,323 People S United Financial Inc 20,758 0.05726 Pepco Holdings Inc 12,458 0.036,676 Pepsico Inc 445,757 1.00788 Perkinelmer Inc 19,156 0.0432,558 Pfizer Inc. 561,951 1.261,690 Pg&e Corp (holding Co) 71,859 0.167,598 Philip Morris Int. 398,819 0.89417 Pinnacle West Cap.corp. 15,884 0.04481 Pioneer Natural Resourc. 26,325 0.06813 Pitney Bowes Inc 20,049 0.051,981 Pnc Financial Services Group 116,265 0.26230 Polo Ralph Lauren A 19,727 0.04755 Ppg Industries Inc. 49,868 0.111,787 Ppl Corp 49,839 0.111,276 Praxair 105,602 0.24629 Precision Castparts 79,870 0.18200 Priceline Com Inc 51,198 0.121,205 Principal Financial Group Inc 34,728 0.0811,818 Procter & Gamble Co. 752,334 1.691,173 Progress Energy Inc 46,146 0.103,145 Progressive Corp 60,069 0.132,055 Prologis/shs Of Benef.int 27,619 0.062,000 Prudential Financial Inc 119,340 0.272,145 Publ.serv.enterprise 63,170 0.14548 Public Storage Inc. 51,052 0.11899 Pulte Homes Inc 10,276 0.026,823 Qualcomm Inc. 287,453 0.64800 Quanta Services Inc 15,288 0.03620 Quest Diagnostics Inc. 36,357 0.08738 Questar Corp 31,852 0.076,365 Qwest Communications Intl 33,289 0.07506 Radioshack Corp. 11,517 0.03590 Range Resources 27,600 0.061,503 Raytheon Company 86,347 0.19800 Red Hat Inc 23,144 0.055,926 Regions Financial Corp 45,156 0.101,394 Republic Services Inc. 40,607 0.09771 Reynolds American Inc 41,827 0.09676 Robert Half Intl Inc. 20,970 0.05623 Rockwell Automation 34,988 0.08637 Rockwell Collins 40,214 0.09400 Roper Industries 23,100 0.05500 Ross Stores Inc. 26,640 0.06526 Rowan Companies Inc 14,802 0.031,505 Safeway Inc. 37,444 0.081,300 Saic Inc 24,674 0.06447 Salesforce Com Inc 33,708 0.081,015 Sandisk Corp 35,505 0.083,218 Sara Lee Corp. 44,827 0.10500 Scana Corporation 18,955 0.04370 Scripps Networks Interactive I 16,495 0.04601 Sealed Air Corp (new) 12,849 0.03293 Sears Holdings Corp 32,031 0.07954 Sempra Energy 47,948 0.11412 Sherwin-williams Co. 27,592 0.06505 Sigma-aldrich Corp 27,265 0.061,174 Simon Property/paired Shs 99,978 0.221,914 Slm Corp 24,021 0.05900 Smith International Inc 38,241 0.09318 Snap-on Inc 13,862 0.033,229 Southern Co. 107,235 0.243,463 Southwest Airlines Co 45,331 0.101,479 Southwestern Energy Co 59,485 0.132,887 Spectra Energy Corp *opa* 65,622 0.1512,918 Sprint Nextel Corp/fon Ser.1 49,347 0.111,340 St Jude Medical Inc 54,940 0.12A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.67

Universe, The CMI Global Network FundUS Equity Index TrackingPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue USDMarktwertUSD% of NetAssets- % desFondsvermögens653 Stanley Black & Decker Inc 38,018 0.092,680 Staples Inc 63,248 0.143,408 Starbucks Corp. 83,666 0.19775 Starwood Hotels Resorts Ww 36,720 0.082,142 State Street Corp 98,061 0.22294 Stericycle Inc 16,141 0.041,064 Stryker Corp. 61,191 0.14444 Sunoco Inc. 12,889 0.032,105 Suntrust Banks Inc. 55,446 0.12833 Supervalu Inc. 13,994 0.033,603 Symantec Corp. 61,431 0.142,586 Sysco Corp. 76,856 0.171,065 T Rowe Price Group Inc. 58,799 0.133,078 Target Corp 165,412 0.37844 Teco Energy Inc. 13,504 0.032,000 Tellabs Inc. 15,060 0.031,797 Tenet Healthcare Corp 10,297 0.02684 Teradata 19,945 0.04536 Tesoro Corp. 7,295 0.025,112 Texas Instruments Inc 125,806 0.281,000 Textron Inc. 21,560 0.05653 The Hershey Co 28,112 0.061,598 Thermo Fisher Scientific Inc 82,553 0.19519 Tiffany & Co 24,351 0.054,920 Time Warner 154,439 0.351,287 Time Warner Cable 68,790 0.151,802 Tjx Cos Inc. 77,846 0.17400 Torchmark Corp. 21,120 0.05800 Total System Services Inc 12,736 0.032,345 Travelers Companies Inc 126,466 0.28945 Tyson Foods Inc.-a- 18,116 0.042,123 Union Pacific Corp. 156,274 0.35489 United States Steel 31,184 0.073,894 United Technologies Corp 288,662 0.654,697 Unitedhealth Group Inc 155,283 0.351,523 Unum Group 37,664 0.08500 Urban Outfitters Inc. 19,065 0.047,819 Us Bancorp 202,199 0.454,138 Utd Parcel Service Inc B 267,025 0.602,315 Valero Ener. Corp 45,930 0.10513 Varian Medical Systems Inc 28,554 0.06550 Ventas Inc. 26,477 0.06870 Verisign Inc 22,577 0.0511,517 Verizon Communications I. 359,676 0.81318 Vf Corp 25,421 0.062,609 Viacom Inc -b- 87,741 0.201,720 Visa Inc -a 156,520 0.35630 Vornado Real.trust/ben.in 48,352 0.11430 Vulcan Materials Co(hold. Co) 20,502 0.058,742 Wal-mart Stores Inc 488,765 1.104,091 Walgreen Co. 153,085 0.347,743 Walt Disney/disney Ser. 271,779 0.6121 Washington Post /-b- 9,266 0.022,107 Waste Management Inc. 72,565 0.16411 Waters Corporation 27,903 0.06450 Watson Pharmaceuticals Inc. 18,968 0.041,913 Wellpoint Inc 123,752 0.2820,864 Wells Fargo & Co 643,446 1.44900 Western Digital Corp. 35,415 0.083,132 Western Union Company 53,244 0.12998 Weyerhaeuser Co 45,159 0.10300 Whirlpool Corp. 26,700 0.06601 Whole Foods Market Inc. 21,792 0.052,484 Williams Companies Inc 57,455 0.131,552 Windstream Corp 16,948 0.04455 Wisconsin Energy Corp. 22,504 0.05800 Wyndham Worldwide Corp 20,752 0.05300 Wynn Resorts Ltd 23,178 0.051,794 Xcel Energy Inc 38,069 0.096,309 Xerox Corp. 61,134 0.141,056 Xilinx Inc. 27,160 0.062,187 Xto Energy Inc 103,226 0.23Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue USDMarktwertUSD% of NetAssets- % desFondsvermögens5,025 Yahoo Inc 83,465 0.192,014 Yum Brands 77,297 0.17968 Zimmer Holdings Inc 57,141 0.13500 Zions Bancorp 10,830 0.02United States - Vereinigte Staaten 0.07785 Plum Creek Timber Co Inc /reit 30,623 0.07TOTAL INVESTMENT PORTFOLIO - 43,300,445 97.10SUMME WERTPAPIERBESTANDOTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN1,291,506 2.9044,591,951 100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.68

Universe, The CMI Global Network FundUS Equity Index TrackingSector Analysis of Portfolio as at 31 March 2010Analyse des Wertpapierbestandes nach Sektoren zum31. März 2010SectorSektor% of NetAssets- % desFondsvermögensPetrol - Treibstoff 9.71Banks and financial institutions - Banken, Kreditinstitute 9.52Pharmaceuticals and cosmetics - Pharmazeutika undKosmetik9.29Office equipment, computers - Büroeinrichtung, Computer 7.20Holding and finance companies - Holding- undFinanzgesellschaften7.01Internet software - Internet software 6.97SectorSektor% of NetAssets- % desFondsvermögensEnvironmental services & recycling - Umwelt und Recycling 0.29Package and container industry - Verpackungsindustrie 0.20Other business houses - Diverse Handelshäuser 0.17Investment funds - Investmentfonds 0.11Non-ferrous metals - Nichteisenmetalle 0.11Tyres and rubber - Gummi und Reifen 0.04Various capital goods - Verschiedene Produktionsgüter 0.04Retail trade, department stores - Einzelhandel undWarenhäuser4.89TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTAND97.10News transmission - Nachrichtenübermittlung 4.41Food and distilleries - Nahrungsmittel, alkoholische Getränke 4.09Public services - Energie und Wasserversorgung 3.60Electronic semiconductor - Elektronischer Halbleiter 3.10Consumer goods - Verschiedene Konsumgüter 2.62Aerospace technology - Flugzeug- und Raumfahrtindustrie 2.56Insurance - Versicherungen 2.14Mechanics, machinery - Maschinen- und Apparatebau 1.96Transport - Verkehr und Transport 1.89Chemicals - Chemie 1.77Leisure - Freizeit 1.71Tobacco and spirits - Tabak und alkoholische Getränke 1.68Biotechnology - Biotechnologie 1.62Graphic art and publishing - Grafik und Verlage 1.26OTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN2.90100.00Healthcare, education and social services - GesundheitBildung und soziale Einri1.03Automobile industry - Automobilindustrie 0.89Other services - Sonstige Dienstleistungen 0.84Real estate - Immobiliengesellschaften 0.78Coal mines, heavy industries - Bergbau, Schwerindustrie 0.72Electronics and electrical equipment - Elektrotechnik undElektronik0.58Precious metals - Edelmetalle und -steine 0.54Textile - Textil- und Bekleidungsindustrie 0.52Forest products and paper industry - Papier und Holz 0.50Construction, building materials - Bau, Baustoffe 0.43Miscellaneous - Andere 0.31A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.69

Universe, The CMI Global Network FundCMI Euro BondPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlBonds -AnleihenDescription - WertpapierbezeichnungMarketValue EURMarktwertEUR%ofNet- % desFondsvermögensTransferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereAustralia - Australien 0.9814,660,000 Bhp Billiton 4.75% 09-4.4.12 15,495,034 0.98Belgium - Belgien 5.9133,595,000 Belgium 4% 08-28.03.14 Olo 36,208,691 2.2855,691,000 Belgium 4% 06-28.3.22 S.48 57,456,405 3.63Finland - Finnland 1.1115,800,000 Finnish Govt 3.125% 09-15.9.14 16,517,320 1.05950,000 Sampo Housing Bk 3.75% 06-11 982,727 0.06France - Frankreich 13.701,900,000 Cie Fin Fon 3.875% 08-11 Emtn 1,947,177 0.1227,071,000 France 3.5% 05-12.07.11 Btan 28,034,728 1.7744,079,000 France 4% 04-25.4.14 Oat 47,548,017 3.0074,654,000 France 4% 06-25.10.38 Oat 74,392,711 4.6960,400,000 France 5% 02-25.4.12 Oat 65,280,320 4.12Germany - Deutschland 23.1731,000,000 Germany 2.25% 09-11.4.14 31,589,000 1.99216,924,000 Germany 4.25% 08-4.7.18 Ser.08 237,792,089 15.0088,300,000 Germany 4.75% 08-11.06.2010 88,997,570 5.628,589,000 Germany 5.25% 00-04.01.11 8,895,627 0.56Great Britain - Großbritannien 0.915,250,000 Barclays Bk Frn 07-30.5.17 4,919,670 0.319,000,000 Imp Tobacco Fin 5% 09-25.6.12 9,513,990 0.60Greece - Griechenland 12.57106,000,000 Greece 4% 08-20.8.13 S.5y 100,488,000 6.3415,968,000 Greece 4.3% 09-20.03.12 15,781,174 1.0013,000,000 Greece 4.6% 09-20.07.18 11,618,100 0.7343,000,000 Greece 5.5% 09-20.8.14 42,217,400 2.6629,914,000 Greece 6% 09-19.07.19 29,151,193 1.84Ireland - Irlande 1.2117,200,000 Ireland 5.9% 09-18.10.19 19,155,640 1.21Israel - Israel 0.447,000,000 Israel 4.625% 10-18.3.20 7,029,400 0.44Italy - Italien 19.4821,750,000 Intesa Sanpaolo 5% 08-21.04.11 22,574,108 1.4266,000,000 Italy 3.5% 09-01.06.14 Btp 68,904,000 4.3536,273,000 Italy 4% 05-1.2.37 Btp 32,627,563 2.0631,423,000 Italy 4.25% 04-1.8.14 Btp Ago 33,779,725 2.1362,206,000 Italy 6% 00-01.5.31 Btp 73,141,815 4.6262,985,000 Italy 6.5% 97-2027 Btp 77,698,296 4.90Jersey - Jersey 0.396,400,000 Ubs Ag Jersey Frn 05-17.11.15 6,236,800 0.39Netherlands - Niederland 6.328,100,000 Abn Amro Bk Frn 05-08.06.15 7,036,875 0.447,800,000 Elm Bv 6.5% 09-02.04.13 8,635,224 0.5577,889,000 Netherlands 4.25% 03-15.07.13 84,540,721 5.33Portugal - Portugal 3.1310,350,000 Bco San Totta 3.75% 09-12.6.12 10,623,033 0.6738,000,000 Portugal 3.6% 09-15.10.14 38,961,400 2.46Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue EURMarktwertEUR%ofNet- % desFondsvermögensSpain - Spanien 5.186,637,000 Spain 4.2% 05-31.1.37 6,211,568 0.398,300,000 Bbva 4.5% 03-14.11.15 8,369,056 0.5311,000,000 Bbva Sen Fin 3.625% 09-14.5.12 11,367,290 0.7246,874,000 Spain 6% 99-31.01.29 56,080,054 3.54Sweden - Schweden 0.8513,150,000 Swedish Exp 3% 09-20.08.12 13,444,560 0.85United States - Vereinigte Staaten 1.876,740,000 Countrywide Fi Frn 05-23.11.10 6,716,747 0.427,700,000 Merrill Lynch 6.75% 08-13 Emtn 8,415,638 0.536,200,000 Morg.stanl.frn 05-12 Gmtn 6,040,350 0.388,100,000 Philip Mor 4.25% 09-23.03.12 8,472,195 0.54TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTAND1,540,889,001 97.22OTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN44,093,679 2.781,584,982,680 100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.70

Universe, The CMI Global Network FundCMI Euro BondSector Analysis of Portfolio as at 31 March 2010Analyse des Wertpapierbestandes nach Sektoren zum31. März 2010SectorSektorStates, provinces and municipalities - Staats- undKommunalanleihen% of NetAssets- % desFondsvermögens87.71Banks and financial institutions - Banken, Kreditinstitute 4.36Holding and finance companies - Holding- undFinanzgesellschaften4.06Miscellaneous - Andere 0.55Tobacco and spirits - Tabak und alkoholische Getränke 0.54TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTANDOTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN97.222.78100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.71

Universe, The CMI Global Network FundCMIG Fixed Term Euro BondPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlDescription -WertpapierbezeichnungMarketValue EURMarktwertEUR% of NetAsset- % desFondsvermögensBonds -AnleihenTransferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereFrance - Frankreich 50.3529,433,000 France 3% 06-12.01.11 Btan 29,998,114 13.041,341,000 France 4% 03-25.10.14 Oat 1,446,537 0.6344,516,000 France 4.75% 01-25.10.12 Oat 48,420,053 21.0633,839,000 France 6.5% 95-25.04.2011 Oat 35,916,714 15.62Germany - Deutschland 3.09309,000 Germany 2.25% 09-11.4.14 314,871 0.133,343,000 Germany 5% 02-04.01.2012 3,581,356 1.563,104,000 Germany 5.25% 00-04.01.11 3,214,813 1.40Greece - Griechenland 9.5722,181,000 Greece 3.8% 08-20.3.11 S.3yr 22,016,860 9.57Italy - Italien 34.9331,507,000 Italy 3.75% 08-1.2.2011 Btp 32,260,017 14.031,217,000 Italy 3.75% 08-15.12.13 Btp 1,283,448 0.5644,506,000 Italy 4% 07-15.4.12 Btp 46,771,356 20.34TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTAND225,224,139 97.94OTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN4,740,346 2.06229,964,485 100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.72

Universe, The CMI Global Network FundCMIG Fixed Term Euro BondSector Analysis of Portfolio as at 31 March 2010Analyse des Wertpapierbestandes nach Sektoren zum31. März 2010SectorSektorStates, provinces and municipalities - Staats- undKommunalanleihenTOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTANDOTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN% of NetAssets- % desFondsvermögens97.9497.942.06100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.73

Universe, The CMI Global Network FundCMI Japan BondPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlDescription -WertpapierbezeichnungMarketValue JPYMarktwertJPY% of NetAssets- % desFondsvermögensBonds -AnleihenTransferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereJapan - Japan 98.24150,000,000 Japan 0.7% 09-20.09.14 151,308,000 19.0731,000,000 Japan 0.7% 09-20.6.14 31,301,630 3.9566,600,000 Japan 1.1% 07-20.9.12 68,033,898 8.58S.6661,900,000 Japan 1.2% 07-20.03.12 63,149,761 7.9636,950,000 Japan 1.3% 09-20.3.19 37,083,759 4.6747,600,000 Japan 1.4% 09-20.9.19 47,879,888 6.04100,000,000 Japan 1.5% 04-20.3.14 104,199,000 13.14No. 25958,050,000 Japan 1.5% 07-20.06.12 59,716,035 7.53S.6439,150,000 Japan 1.5% 09-20.6.19 39,842,564 5.0270,000,000 Japan 2% 07-20.3.27 No 69,822,900 8.8093(20y)43,000,000 Japan 2.1% 09-20.9.29 42,588,060 5.3748,000,000 Japan 2.2% 04-20.3.24 50,337,600 6.35N.6813,700,000 Japan 2.4% 08-20.09.38 13,983,727 1.76Bonds -AnleihenTransferable securities dealt in on another regulated market -An einem anderen geregelten Markt gehandelte WertpapiereJapan - Japan 1.148,850,000 Japan 2.4% 07-20.03.37 9,030,275 1.14N.26TOTAL INVESTMENTPORTFOLIO -SUMMEWERTPAPIERBESTAND788,277,097 99.38OTHER NET ASSETSSONSTIGENETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN4,927,981 0.62793,205,078 100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.74

Universe, The CMI Global Network FundCMI Japan BondSector Analysis of Portfolio as at 31 March 2010Analyse des Wertpapierbestandes nach Sektoren zum31. März 2010SectorSektorStates, provinces and municipalities - Staats- undKommunalanleihenTOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTANDOTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN% of NetAssets- % desFondsvermögens99.3899.380.62100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.75

Universe, The CMI Global Network FundCMI UK BondPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue GBPMarktwertGBP% of NetAssets- % desFondsvermögensBonds -AnleihenTransferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereGreat Britain - Großbritannien 98.781,013,000 Great-brit.4.25% 08-49tsy Gilt 973,594 2.9432,000 Tsy 4.5% 08-7.3.13 34,467 0.10792,000 Uk 2.5% 85-16.08.13/infl 2,136,103 6.451,538,000 Uk 2.75% 09-22.1.15 1,540,461 4.664,017,000 Uk 3.75% 09-07.09.19 3,956,745 11.961,307,000 Uk 4% 09-22.01.60 1,189,631 3.595,012,000 Uk 4% 09-7.3.22 Gilt 4,910,758 14.841,539,000 Uk 4.25% 06-07.12.27 1,506,835 4.55578,000 Uk 4.25% 09-7.9.39 551,354 1.67156,000 Uk 4.75% 05-07.03.20 165,781 0.506,009,000 Uk Tsy 2.25% 09-7.3.14 5,999,987 18.13807,000 Uk Tsy 4.25% 05-55 777,060 2.355,991,000 Uk Tsy 4.25% 05-7.3.11 6,191,100 18.711,378,000 Uk Tsy 4.25% 06-7.12.46 1,325,636 4.011,009,000 Uk Tsy 4.75% 04-7.12.38 1,047,241 3.16381,000 Uk Tsy 4.75% 04-7.6.10 383,896 1.16TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTAND32,690,649 98.78OTHER NET ASSETSSONSTIGE NETTOVERMÖGEN404,596 1.22TOTAL NET ASSETSGESAMTNETTOVERMÖGEN33,095,245 100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.76

Universe, The CMI Global Network FundCMI UK BondSector Analysis of Portfolio as at 31 March 2010Analyse des Wertpapierbestandes nach Sektoren zum31. März 2010SectorSektorStates, provinces and municipalities - Staats- undKommunalanleihenTOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTANDOTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN% of NetAssets- % desFondsvermögens98.7898.781.22100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.77

Universe, The CMI Global Network FundCMI US BondPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue USDMarktwertUSD%ofNetAssets- % desFondsvermögensBonds -AnleihenTransferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereFrance - Frankreich 3.908,009,000 Sfef 2.125% 09-30.01.12 Regs 8,148,357 3.90Great Britain - Großbritannien 1.372,000,000 Bpcm 3.125% 09-10.3.12 2,068,673 0.99750,000 Dt.bk Ln 4.875% 08-20.5.13 799,427 0.38New Zealand - Neuseeland 0.37740,000 Anz Natl Intl 09-2.4.12 Reg S 767,189 0.37United States - Vereinigte Staaten 25.501,925,000 Ibrd 3.5% 08-08.10.2013 2,014,920 0.976,037,000 Usa 3.75% 08-15.11.18 Tbo 6,068,128 2.912,902,000 Usa 3.875% 07-31.10.12 3,084,735 1.4813,333,000 Usa 4.25% 03-15.08.13 Tbo 14,405,890 6.905,497,000 Usa 4.5% 08-15.5.38 5,308,900 2.545,136,000 Usa 4.625% 07-15.2.175,581,387 2.67S.b-20172,979,000 Usa 7.13% 93-15.02.23 Tbo 3,828,015 1.835,593,000 Usa 8% 91-15.11.21 Tbo 7,602,984 3.643,896,000 Usa 9.875% 85-15 Bonds 5,333,259 2.56Bonds -AnleihenTransferable securities dealt in on another regulated market -An einem anderen geregelten Markt gehandelte WertpapiereUnited States - Vereinigte Staaten 68.0218,319,000 Usa 0.875% 09-28.2.11 18,393,421 8.818,168,000 Usa 0.875% 09-31.4.11 8,198,630 3.936,850,000 Usa 1.375% 09-15.5.12 Tbo 6,884,250 3.3035,598,000 Usa 1.75% 09-31.1.14 Tbo 35,130,776 16.8310,780,000 Usa 2.625% 08-31.05.10 Tbo 10,822,110 5.1816,310,000 Usa 2.625% 09-29.02.16 Tbo 15,996,542 7.6619,985,800 Usa 2.75% 08-31.10.13 R-2013 20,529,164 9.8314,130,000 Usa 2.75% 09-15.2.19 B-2019 13,081,289 6.2713,650,000 Usa 3.5% 09-15.02.39 10,988,250 5.262,158,000 Usa 4.25% 09-15.5.39 Tbo 1,989,406 0.95TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTAND207,025,702 99.16OTHER NET ASSETSSONSTIGE NETTOVERMÖGEN1,743,452 0.84TOTAL NET ASSETSGESAMTNETTOVERMÖGEN208,769,154 100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.78

Universe, The CMI Global Network FundCMI US BondSector Analysis of Portfolio as at 31 March 2010Analyse des Wertpapierbestandes nach Sektoren zum31. März 2010SectorSektorStates, provinces and municipalities - Staats- undKommunalanleihenHolding and finance companies - Holding- undFinanzgesellschaften% of NetAssets- % desFondsvermögens92.554.89Supranational - Supranational 0.97Banks and financial institutions - Banken, Kreditinstitute 0.38Miscellaneous - Andere 0.37TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTANDOTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN99.160.84100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.79

Universe, The CMI Global Network FundCMIG Fixed Term US BondPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue USDMarktwertUSD% of NetAssets- % desFondsvermögensBonds -AnleihenTransferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereUnited States - Vereinigte Staaten 36.7546,000 Usa 3.875% 07-31.10.12 48,897 12.2791,000 Usa 4.875% 02-15.2.12tb S.b-12 97,583 24.48Bonds -AnleihenTransferable securities dealt in on another regulated market -An einem anderen geregelten Markt gehandelte WertpapiereUnited States - Vereinigte Staaten 60.2654,000 Usa Tsy 1.5% 08-31.10.10 Tbo 54,371 13.6588,000 Usa 1.375% 09-15.10.12 Tbo 87,959 22.0798,000 Usa 1.375% 09-15.11.12 Tbo 97,801 24.54TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTAND386,611 97.01OTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN11,903 2.99398,514 100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.80

Universe, The CMI Global Network FundCMIG Fixed Term US BondSector Analysis of Portfolio as at 31 March 2010Analyse des Wertpapierbestandes nach Sektoren zum31. März 2010SectorSektorStates, provinces and municipalities - Staats-undKommunalanleihenTOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTANDOTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN% of NetAssets- % desFondsvermögens97.0197.012.99100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.81

Universe, The CMI Global Network FundCMI Sterling Currency ReservePortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlBonds -AnleihenDescription - WertpapierbezeichnungMarketValue GBPMarktwertGBP% of NetAssets- % desFondsvermögensTransferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereAustralia - Australien 3.973,000,000 Cwth Bk Aust.frn 05-01.06.10 2,998,581 3.44450,000 Anz Bk 6.15% 07-23.8.10 458,545 0.53Belgium - Belgien 0.53450,000 Eni Coord Cent4.875%03-9.12.10 461,043 0.53France - Frankreich 3.443,000,000 Hsbc France Frn 06-11.04.11 2,996,433 3.44Great Britain - Großbritannien 6.443,000,000 Credit Agricole Ln Tv07-2.2.11 2,996,205 3.441,100,000 Holmes Fin.6.62%(tv) 00-10 S4a 1,112,760 1.281,500,000 Permanent Fin.5.521% 03-10 1,499,400 1.72Ireland - Irlande 0.29250,000 Ge Cap Uk Fd Frn 05-22.06.10 249,288 0.29Italy - Italien 1.721,500,000 Intesa Tor Frn 06-30.11.11 1,492,952 1.72Netherlands - Niederland 4.524,000,000 Kbc Ifima Nv Frn 07-18.01.12 3,929,620 4.52Spain - Spanien 4.703,100,000 Santander Frn 05-11.10.10 Emtn 3,094,389 3.561,000,000 Bbvasm Frn 06-08.11.11 996,057 1.14United States - Vereinigte Staaten 5.15500,000 Ibrd 9.50% 85-24.9.10 519,731 0.604,000,000 Jp Morg.chase Frn 07-27.6.12 3,957,628 4.55% of NetQuantity -Anzahl Description - WertpapierbezeichnungMarketValue GBPMarktwertGBPAssets- % desFondsvermögensSpain - Spanien 2.302,000,000 Bbva 0.59% 10-21.6.10 Cd 1,999,909 2.30CommercialPaper -CommercialPaperFinancial Instruments - Liquiditätsähnliche finanzinstrumenteFinland - Finnland 4.604,000,000 Pohjola Bk 0% 10-6.4.2010 Cp 3,999,593 4.60France - Frankreich 4.594,000,000 Bfcm 0% 10-19.5.10 Cp 3,996,783 4.59Great Britain - Großbritannien 4.604,000,000 Clydesdale Bk 0% 09-23.06.10cp 4,000,000 4.60Spain - Spanien 4.594,000,000 Bco Pop Esp 0% 10-8.4.10 Cp 3,999,343 4.59TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTAND77,274,032 88.80OTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN9,750,074 11.2087,024,106 100.00Bonds -AnleihenTransferable securities dealt in on another regulated market -An einem anderen geregelten Markt gehandelte WertpapiereUnited States - Vereinigte Staaten 0.88750,000 Wells Fargo 4.75% 05-10 Regd. 765,772 0.88Certificate ofDeposit -SchatzwechselFinancial Instruments - Liquiditätsähnliche finanzinstrumenteFrance - Frankreich 4.594,000,000 Socgen 0.55% 10-04.05.10 Cp 4,000,000 4.59Great Britain - Großbritannien 27.294,000,000 Baclays 1.9% 09-09.07.10 Cd 4,000,000 4.594,000,000 Fortis Bk 0.55% 10-19.4.10 Cd 4,000,000 4.603,750,000 Lloyds 0.81% 09-30.04.10 Cd 3,750,000 4.314,000,000 Nationwide 0.63% 10-19.07.10 4,000,000 4.60Cd4,000,000 Nationwide 0.8% 10-19.2.10 Cd 4,000,000 4.604,000,000 Rbs 0.82% 09-4.5.10 Cd 4,000,000 4.59Italy - Italien 4.604,000,000 Unicredit 0.8% 09-8.06.10 Cd 4,000,000 4.60A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.82

Universe, The CMI Global Network FundCMI Sterling Currency ReserveSector Analysis of Portfolio as at 31 March 2010Analyse des Wertpapierbestandes nach Sektoren zum31. März 2010SectorSektor% of NetAssets- % desFondsvermögensBanks and financial institutions - Banken, Kreditinstitute 65.96Real estate - Immobiliengesellschaften 9.20Holding and finance companies - Holding- undFinanzgesellschaften6.48Miscellaneous - Andere 3.56Mortgage and funding institutions - Hypotheken- undFinanzierungsanstalten3.00Supranational — Supranational 0.60TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTANDOTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN88.8011.20100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.83

Universe, The CMI Global Network FundCMI US Dollar Currency ReservePortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlBonds -AnleihenDescription - WertpapierbezeichnungMarketValue USDMarktwertUSD% of NetAssets- % desFondsvermögensTransferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereGermany - Deutschland 4.161,200,000 Deutsche Bank Frn 06-21.03.11 1,198,379 4.16Great Britain - Großbritannien 11.751,400,000 Cr.agricole Ln Frn 06-22.6.11 1,397,194 4.851,000,000 Hbos Tsy Frn 06-26.04.11 Emtn 990,863 3.441,000,000 Nationwide Frn 05-18.10.10 998,105 3.46United States - Vereinigte Staaten 3.461,000,000 Cr.suisse(usa)frn 06-16.8.11 997,835 3.46Bonds -AnleihenTransferable securities dealt in on another regulated market -An einem anderen geregelten Markt gehandelte WertpapiereQuantity -AnzahlDescription - WertpapierbezeichnungMarketValue USDMarktwertUSD% of NetAssets- % desFondsvermögensSpain - Spanien 3.471,000,000 Bco Pop Esp 0% 10-26.04.10 Cp 999,769 3.47Sweden - Schweden 6.941,000,000 Sbab 0% 10-11.03.10 Cp 999,321 3.471,000,000 Seb 0% 09-06.05.10 Cp 999,630 3.47Switzerland - Schweiz 3.471,000,000 Eurofima 0% 10-28.4.10 Cp 999,852 3.47TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTAND25,980,312 90.17OTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN2,833,477 9.8328,813,789 100.00United States - Vereinigte Staaten 5.221,000,000 Boa Frn 08-12.05.10 (rbg) 1,002,401 3.48500,000 Westpac Bkg Frn 09-21.10.11 500,509 1.74Certificate ofDeposit -SchatzwechselTransferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereAustralia - Australien 5.211,500,000 Rabobk Nl Au 0% 10-22.4.10 Cd 1,499,812 5.21CommercialPaper -CommercialPaperDebt Instruments - FinanzinstrumenteAustralia - Australien 13.531,500,000 Cba 0% 10-30.04.10 Cp 1,499,750 5.201,000,000 Cred Suiss Au 0% 10-17.5.10 Cp 999,687 3.471,400,000 Toyota Fin Au 0% 10-14.5.10 Cp 1,399,641 4.86Finland - Finnland 6.941,000,000 Pohjola Bk 0% 10-22.6.10 Cp 999,171 3.471,000,000 Pohjola Bk 0% 10-8.4.10 Cp 999,949 3.47France - Frankreich 12.141,000,000 Bfcm 0% 10-1.4.10 Cp 999,992 3.47500,000 Bfcm 0% 10-11.5.10 Cp 499,806 1.731,000,000 Cdc 0% 10-11.5.10 Cp 999,738 3.471,000,000 Cdc 0% 10-24.05.10 Cp 999,640 3.47Germany - Deutschland 3.471,000,000 Kfw 0%10-19.5.10 Cp 999,728 3.47Great Britain - Großbritannien 6.941,000,000 Clydes. Bk 0% 10-14.04.10 Cp 1,000,000 3.471,000,000 Ubs Ln 0% 09-1.4.10 Cp 999,993 3.47Netherlands - Niederland 3.471,000,000 Nwb 0% 10-10.06.10 Cp 999,547 3.47A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.84

Universe, The CMI Global Network FundCMI US Dollar Currency ReserveSector Analysis of Portfolio as at 31 March 2010Analyse des Wertpapierbestandes nach Sektoren zum31. März 2010SectorSektor% of NetAssets-% desFondsvermögensBanks and financial institutions - Banken, Kreditinstitute 71.43Holding and finance companies - Holding- undFinanzgesellschaftenMortgage and funding institutions - Hypotheken- undFinanzierungsanstalten8.343.47Supranational - Supranational 3.47Real estate - Immobiliengesellschaften 3.46TOTAL INVESTMENT PORTFOLIO -90.17SUMME WERTPAPIERBESTANDOTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN9.83100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.85

Universe, The CMI Global Network FundCMI Euro Currency ReservePortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue EURMarktwertEUR% of NetAssets- % desFondsvermögensQuantity -AnzahlDescription - WertpapierbezeichnungMarketValue EURMarktwertEUR% of NetAssets- % desFondsvermögensBonds -AnleihenTransferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereDenmark - Dänemark 2.385,000,000 Danske Bank A/s Frn 06-8.9.11 4,982,725 2.38France - Frankreich 5.527,050,000 Bfcm Frn 04-3.3.11 7,045,100 3.374,500,000 Hsbc Fr Frn 10-10.2.12 4,497,597 2.15Great Britain - Großbritannien 13.99925,000 Bk Of Scot 3.375%928,922 0.4503-23.06.108,500,000 Clydesdale Bk Frn 07-30.05.12 8,351,573 3.997,000,000 Cred.suisse Ln Frn 07-4.6.12 6,972,378 3.333,000,000 Cs Ldn Frn 09-07.01.13 3,016,197 1.4410,000,000 Westpac Bk Ln Frn 06-27.6.11 9,990,640 4.78Italy - Italien 3.317,000,000 Banca Intesa Frn 06-11.4.13 6,931,218 3.31Netherlands - Niederland 5.553,000,000 Ing Bank Nv Frn 08-21.5.10 3,003,327 1.445,000,000 Ing Bank Nv Frn 08-22.8.11 5,026,370 2.403,539,000 Rabobk 4.5% 07-18.6.10 3,566,569 1.71Norway - Norwegen 2.395,000,000 Dnb Nor Bk Asa Frn 05-27.9.10 5,001,530 2.39United States - Vereinigte0.96Staaten2,000,000 Countrywide Fi Frn 05-23.11.10 1,997,446 0.96CommercialPaper -CommercialPaperDebt Instruments - FinanzinstrumenteAustralia - Australien 2.395,000,000 Ing Bk Au 0% 10-07.04.10 Cp 4,999,379 2.39Finland - Finnland 2.395,000,000 Pohjola Bk 0% 10-22.7.10 Cp 4,992,479 2.39France - Frankreich 10.9910,000,000 Socgen 0% 10-04.05.10 Cp 9,996,225 4.783,000,000 Bfcm 0% 10-01.04.10 Cp 2,999,966 1.4310,000,000 Bpce 0% 10-19.04.10 Cp 9,998,444 4.78Great Britain - Großbritannien 11.9410,000,000 Bbva Ln 0% 10-15.6.10 Cp 9,990,302 4.7810,000,000 Bk Tokyo 0% 10-8.6.10 Cp 9,993,011 4.785,000,000 Abbey Natl 0% 10-27.09.10 Cp 4,982,687 2.38Ireland - Irlande 1.433,000,000 Intesa Ie 0% 10-1.6.10 Cp 2,997,884 1.43Sweden - Schweden 4.7810,000,000 Stadshypo 0% 10-30.6.10 Cp 9,986,878 4.78TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTAND192,227,400 91.92OTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN16,901,467 8.08209,128,867 100.00Bonds -AnleihenTransferable securities dealt in on another regulated market -An einem anderen geregelten Markt gehandelte WertpapiereSpain - Spanien 4.7810,000,000 Bpe Financiac.frn 05-26.5.10 9,984,830 4.78Certificate ofDeposit -SchatzwechselTransferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereFinland - Finnland 2.395,000,000 Pohjola Bk 0% 10-22.06.10 Cd 4,995,739 2.39France - Frankreich 2.395,000,000 Bnpp 0% 10-5.5.10 Cd 4,997,984 2.39Great Britain - Großbritannien 9.5610,000,000 Lloyds 0% 10-01.07.10 Cd 10,000,000 4.7810,000,000 Nationwide 0.75% 10-13.9.10Cd10,000,000 4.78Guernsey - Guernsey 4.7810,000,000 Calyon Je 0.444%10-08.07.10 10,000,000 4.78CdA Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.86

Universe, The CMI Global Network FundCMI Euro Currency ReserveSector Analysis of Portfolio as at 31 March 2010Analyse des Wertpapierbestandes nach Sektoren zum31. März 2010SectorSektor% of NetAssets-% desFondsvermögensBanks and financial institutions - Banken, Kreditinstitute 71.37Miscellaneous - Andere 9.56Holding and finance companies -Holding- undFinanzgesellschaften6.21Real estate - Immobiliengesellschaften 4.78TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTAND91.92OTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN8.08100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.87

Universe, The CMI Global Network FundCMI Global BondPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue GBPMarktwertGBP% of NetAssets- % desFondsvermögensQuantity -AnzahlDescription - WertpapierbezeichnungMarketValue GBPMarktwertGBP% of NetAssets- % desFondsvermögensBonds -AnleihenTransferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereBonds -AnleihenTransferable securities dealt in on another regulated market -An einem anderen geregelten Markt gehandelte WertpapiereAustralia - Australien 0.61139,000 Australia 6.25% 02-15.4.15 86,815 0.61Belgium - Belgien 5.12773,000 Belgium 4% 07-28.03.17 733,229 5.12Denmark - Dänemark 0.69777,000 Denmark 4% 05-15.11.17 98,523 0.69France - Frankreich 1.044 France 3.5% 04-25.4.15 Oat 4 0.00159,000 France 3.75% 06-25.04.17 149,277 1.04Germany - Deutschland 3.7020,000 Germany 4% 05-4.1.37 18,199 0.13338,000 Germany 4.75% 08-11.06.2010 303,022 2.11227,000 Germany 5.25% 00-04.01.11 209,122 1.46Great Britain - Großbritannien 6.6975,000 Dt.bk Ln 4.875% 08-20.5.13 52,823 0.37198,000 Uk Tsy 4.75% 04-7.12.38 205,504 1.43640,000 Uk Tsy 5% 07-7.3.18 700,480 4.89Greece - Griechenland 7.581,210,000 Greece 4% 08-20.8.13 S.5y 1,020,313 7.12100,000 Greece 4.5% 05-20.9.37 (30y) 65,787 0.46Italy - Italien 12.25321,000 Italy 4% 05-1.2.37 Btp 256,830 1.79311,000 Italy 5% 07-1.8.39 Btp 288,194 2.01667,000 Italy 5.25% 01-1.8.11 Btp 625,622 4.37193,000 Italy 5.25% 02-1.8.17 Btp 194,486 1.36404,000 Italy 5.25% 98-29 Btp 388,856 2.72Japan - Japan 20.5772,300,000 Japan 1.2% 07-20.03.12 521,734 3.6455,600,000 Japan 1.40% 01-20.6.11399,233 2.79Nr.233178,000,000 Japan 1.5% 04-20.3.14 No. 259 1,311,938 9.1691,000,000 Japan 2%07-20.3.27 No93 (20y) 642,053 4.4810,000,000 Japan 2.10% 08-20.9.28 70,602 0.50New Zealand - Neuseeland 0.48100,000 Anz Natl Intl 09-2.4.12 Reg S 68,504 0.48Sweden - Schweden 0.58900,000 Sweden 3% 05-12.07.16 83,768 0.58United States - Vereinigte14.95Staaten225,000 Ibrd 3.5% 08-08.10.2013 155,616 1.09350,000 Usa 2.875% 08-30.6.10 Z-2010 232,785 1.62150,000 Usa 3.875% 07-31.10.12 105,356 0.741,007,000 Usa 4.25% 03-15.08.13 Tbo 718,932 5.02130,000 Usa 4.5% 06-15.02.36 83,483 0.58679,000 Usa 4.625% 07-15.2.17487,566 3.40S.b-201799,000 Usa 5% 07-15.05.37 Tbo 68,574 0.48131,000 Usa 8% 91-15.11.21 Tbo 117,668 0.82190,000 Usa 8.125% 91-21 Bonds 171,840 1.20Canada - Kanada 2.15180,000 Canada 4% 06-1.6.17 122,018 0.85274,000 Canada 4% 05-01.06.16 186,808 1.30Japan - Japan 9.68153,550,000 Japan 1.7% 07-20.03.17 1,144,178 7.9933,500,000 Japan 2.4% 07-20.03.37 N.26 241,786 1.69United States - Vereinigte13.12Staaten545,000 Usa 1.375% 09-15.5.12 Tbo 361,917 2.53300 Usa 1.75% 09-31.1.14 Tbo 195 0.001,165,000 Usa 2.625% 08-31.05.10 Tbo 772,797 5.40497,900 Usa 2.75% 08-31.10.13 R-2013 337,939 2.36763,000 Usa 3.5% 09-15.02.39 405,851 2.83TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTAND14,210,227 99.21OTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN112,579 0.7914,322,806 100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.88

Universe, The CMI Global Network FundCMI Global BondSector Analysis of Portfolio as at 31 March 2010Analyse des Wertpapierbestandes nach Sektoren zum31. März 2010SectorSektorStates, provinces and municipalities - Staats- undKommunalanleihen% of NetAssets-% desFondsvermögens97.27Supranational - Supranational 1.09Miscellaneous - Andere 0.48Banks and financial institutions - Banken, Kreditinstitute 0.37TOTAL INVESTMENT PORTFOLIO -99.21SUMME WERTPAPIERBESTANDOTHER NET ASSETSSONSTIGE NETTOVERMÖGEN0.79TOTAL NET ASSETSGESAMTNETTOVERMÖGEN100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.89

Universe, The CMI Global Network FundCMI Global MixedPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlShares -AktienDescription - WertpapierbezeichnungMarketValue GBPMarktwertGBP% of NetAssets- % desFondsvermögensTransferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereAustralia - Australien 0.7725,839 Anz Banking Group 396,981 0.77Belgium - Belgien 0.8212,652 Anheuser-bush Inbev Sa 420,385 0.82Brazil - Brasilien 2.0228,700 Banco Itau Hld Itau /pfd 406,966 0.7927,727 Cielo 169,483 0.3314,800 Hypermarcas Sa 114,790 0.2219,300 Vale / -a- /sadr 352,868 0.68Canada - Kanada 1.2616,183 Cameco Corp. 294,577 0.5711,456 Ultra Petroleum 356,155 0.69France - Frankreich 4.4814,486 Axa 211,831 0.4120,535 France Telecom Sa 324,671 0.6317,264 Gdf Suez 439,415 0.855,357 Pernod-ricard 300,337 0.589,705 Saint-gobain 310,683 0.6018,923 Total Sa 724,524 1.41Germany - Deutschland 1.2314,284 E.on - Namen Akt. 346,350 0.677,825 Fresenius Medical Care Ag 288,607 0.56Great Britain - Großbritannien 7.49127,342 Bp Plc 792,704 1.5412,020 Dana Petroleum Plc 143,519 0.2844,931 Glaxosmithkline Plc 563,884 1.0978,494 Hsbc Holdings Plc 525,674 1.0215,500 Imperial Tobacco Group Plc 311,705 0.6014,885 Rio Tinto Plc /reg. 579,250 1.12161,119 Thomas Cook Gp 433,410 0.84337,740 Vodafone Group Plc 513,027 1.00Hong Kong - Hongkong 1.2266,000 Hutchison Whamp/hk0.25 319,062 0.6231,000 Sun Hung Kai Properties Ltd 308,167 0.60Ireland - Irlande 0.538,156 Covidien Plc 271,292 0.53Israel - Israel 0.8510,459 Teva Phm./adr Rep.1shs 439,328 0.85Japan - Japan 7.7311,600 Canon Inc. 355,284 0.6990 Circle K Sunkus Co Ltd 738 0.004,000 Familymart Co Ltd 84,174 0.1615,300 Hitachi Constr.machin. 239,065 0.46120 Kddi Corp. 410,824 0.8050 Lopro Corp 0.00 0.0031,000 Mitsubishi Estate Co. 335,492 0.65Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue GBPMarktwertGBP% of NetAssets- % desFondsvermögens67,400 Mitsui & Co Ltd 748,972 1.45127,000 Nomura Holdings Inc 618,946 1.2078,000 Obayashi Corp. 228,967 0.4575,000 Sekisui Chemical Co Ltd 336,341 0.6534,100 Sumitomo Electric Industries 276,420 0.5413,200 Toyota Motor Corp. 349,668 0.68Luxembourg - Luxembourg 0.5610,152 Tenaris /adr 289,185 0.56Malaysia - Malaysia 0.60232,100 Genting Berhad 310,299 0.60Mexico - Mexiko 0.9470,607 Cemex /adr 485,207 0.94Netherlands - Niederland 1.3922,054 Koninklijke Kpn Nv /eur 0.24 229,418 0.4461,228 Reed Elsevier Nv 489,718 0.95Panama - Panama 0.7414,730 Carnival Corp 381,438 0.74Singapore - Singapur 0.8766,500 Dbs Group Holdings Ltd 448,920 0.87South Korea - Südkorea 1.896,071 Kookmin Bank Sadr 191,469 0.37887 Lotte Shopping Ltd 169,940 0.332,851 Nhn Corporation 299,756 0.581,295 Samsung El./sp.gdr(1/2vot144a) 311,257 0.61Spain - Spanien 0.5417,812 Repsol Ypf Sa. Madrid 279,243 0.54Switzerland - Schweiz 4.7611,054 Nestle Sa 371,312 0.7212,864 Novartis Ag Basel/nam. 459,745 0.892,340 Roche Holding Ag /genussschein 249,575 0.482,370 Syngenta Ag /nam. 438,409 0.8539,370 Ubs Ag /namensaktien 420,150 0.823,033 Zurich Financial Services/nam 515,353 1.00United States - Vereinigte Staaten 31.1411,830 Amphenol Corporation -a- 330,027 0.6410,386 Ansys Inc 298,802 0.58482 Aol 8,179 0.0217,267 Aon Corp 489,350 0.954,666 Apple Inc 727,093 1.4122,456 Bank Of America Corp 263,525 0.513,802 Becton Dickinson & Co. 198,591 0.3812,584 Broadcom Corp -a- 276,226 0.548,571 Brunswick Corp 91,181 0.1810,369 Capital One Financial Corp. 287,213 0.5617,312 Cbs Corp -b- /when Issued 161,864 0.3132,021 Centerpoint Energy Inc 305,526 0.5932,611 Cisco Systems Inc. 574,259 1.1115,697 Conocophillips 531,669 1.036,128 Cummins Inc 251,655 0.4918,065 Equifax Inc 431,870 0.848,124 Exelon Corp 235,979 0.46A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.90

Universe, The CMI Global Network FundCMI Global MixedPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue GBPMarktwertGBP% of NetAssets- % desFondsvermögens8,157 Exxon Mobil Corp 361,389 0.702 Gap Inc. 31 0.0015,807 Genuine Parts Co 444,631 0.86290 Google Inc A 108,592 0.214,619 Grainger Inc..ww 333,469 0.6513,493 Halliburton Co 267,471 0.5213,420 Hewlett-packard Co. 472,280 0.9211,095 Johnson & Johnson 475,793 0.9221,342 Jpmorgan Chase & Co 628,668 1.2210,491 Kellogg Co 372,599 0.727,490 Kimberly Clark Corp 312,487 0.6110,335 Kohl S Corp. 377,302 0.7330 Lennar Corp. -a- 358 0.007,636 Lorillard Inc 378,218 0.7331,688 Marsh & Mc-lennan Cos Inc 514,035 1.0050,382 Masco Corp. 512,675 0.992 Metlife Inc 57 0.0038,824 Microsoft Corp 763,704 1.4812,692 Norfolk Southern Corp. 471,316 0.915,031 Occidental Petroleum Corp 280,139 0.5411,673 Parker-hannifin 505,362 0.9847,396 Pfizer Inc. 540,541 1.0513,788 Ppl Corp 254,095 0.4915,435 State Street Corp 466,905 0.9013,970 Unitedhealth Group Inc 305,173 0.5910,546 Wal-mart Stores Inc 389,604 0.7610,507 Walgreen Co. 259,794 0.5027,727 Wells Fargo & Co 565,020 1.1021,259 Western Union Company 238,802 0.46Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue GBPMarktwertGBP%ofNetAssets- % desFondsvermögens241,000 Italy 4% 05-1.2.37 Btp 192,823 0.37287,000 Italy 5% 07-1.8.39 Btp 265,954 0.52324,000 Italy 5.25% 01-1.8.11 Btp 303,900 0.59422,000 Italy 5.25% 02-1.8.17 Btp 425,249 0.82319,000 Italy 5.25% 98-29 Btp 307,042 0.60Japan - Japan 5.3925,800,000 Japan 1.2% 07-20.03.12 186,179 0.36118,850,000 Japan 1.40% 01-20.6.11 Nr.233 853,396 1.65165,000,000 Japan 1.5% 04-20.3.14 No. 259 1,216,122 2.3674,500,000 Japan 2.10% 08-20.9.28 525,990 1.02New Zealand - Neuseeland 0.13100,000 Anz Natl Intl 09-2.4.12 Reg S 68,504 0.13Spain - Spanien 0.1697,000 Spain 4.2% 05-31.1.37 80,750 0.16Sweden - Schweden 0.16900,000 Sweden 3% 05-12.07.16 83,768 0.16United States - Vereinigte Staaten 3.57210,000 Ibrd 3.5% 08-08.10.2013 145,242 0.28238,000 Usa 2.875% 08-30.6.10 Z-2010 158,294 0.31115,000 Usa 3.875% 07-31.10.12 80,773 0.16930,000 Usa 4.25% 03-15.08.13 Tbo 663,959 1.29100,000 Usa 4.5% 06-15.02.36 64,218 0.12640,000 Usa 4.625% 07-15.2.17 S.b-2017 459,561 0.89189,000 Usa 5% 07-15.05.37 Tbo 130,914 0.2564,000 Usa 8% 91-15.11.21 Tbo 57,487 0.1191,000 Usa 8.125% 91-21 Bonds 82,302 0.16Bonds -AnleihenTransferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereAustralia - Australien 0.15123,000 Australia 6.25% 02-15.4.15 76,822 0.15Belgium - Belgien 1.21661,000 Belgium 4% 07-28.03.17 626,991 1.21Denmark - Dänemark 0.17702,000 Denmark 4% 05-15.11.17 89,013 0.17France - Frankreich 0.66173,000 France 3.75% 06-25.04.17 162,422 0.31187,000 France 4% 04-25.4.14 Oat 179,424 0.35Germany - Deutschland 1.0565,000 Germany 4% 05-4.1.37 59,146 0.12272,000 Germany 4.75% 08-11.06.2010 243,852 0.47257,000 Germany 5.25% 00-04.01.11 236,759 0.46Great Britain - Großbritannien 1.6865,000 Dt.bk Ln 4.875% 08-20.5.13 45,780 0.09215,000 Uk Tsy 4.75% 04-7.12.38 223,149 0.43546,000 Uk Tsy 5% 07-7.3.18 597,597 1.16Bonds -AnleihenTransferable securities dealt in on another regulated market -An einem anderen geregelten Markt gehandelte WertpapiereCanada - Kanada 0.59149,000 Canada 4% 06-1.6.17 101,004 0.20297,000 Canada 4% 05-01.06.16 202,489 0.39Japan - Japan 2.51142,800,000 Japan 1.7% 07-20.03.17 1,064,074 2.0610,250,000 Japan 2.1% 06-20.12.26 N.92 73,456 0.1422,000,000 Japan 2.4% 07-20.03.37 N.26 158,785 0.31United States - Vereinigte Staaten 3.852,000 Usa 1.375% 09-15.5.12 Tbo 1,328 0.00312,200 Usa 1.75% 09-31.1.14 Tbo 203,583 0.401,478,000 Usa 2.625% 08-31.05.10 Tbo 980,424 1.90588,200 Usa 2.75% 08-31.10.13 R-2013 399,228 0.78750,000 Usa 3.5% 09-15.02.39 398,936 0.77TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTAND50,486,597 97.88OTHER NET ASSETSSONSTIGE NETTOVERMÖGEN1,090,970 2.12Greece - Griechenland 1.59970,000 Greece 4% 08-20.8.13 S.5y 817,937 1.59Italy - Italien 3.18153,000 Italy 3.75% 08-15.12.13 Btp 143,522 0.28TOTAL NET ASSETSGESAMTNETTOVERMÖGEN51,577,567 100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.91

Universe, The CMI Global Network FundCMI Global MixedSector Analysis of Portfolio as at 31 March 2010Analyse des Wertpapierbestandes nach Sektoren zum31. März 2010SectorSektorStates, provinces and municipalities - Staats - undKommunalanleihen% of NetAssets- % desFondsvermögens25.55Banks and financial institutions - Banken, Kreditinstitute 7.29Petrol - Treibstoff 7.25Pharmaceuticals and cosmetics - Pharmazeutika undKosmetikHolding and finance companies - Holding- undFinanzgesellschaften6.225.32Construction, building materials - Bau, Baustoffe 3.63SectorSektor% of NetAssets- % desFondsvermögensSupranational - Supranational 0.28Consumer goods - Verschiedene Konsumgüter 0.22TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTANDOTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN97.882.12100.00Office equipment, computers - Büroeinrichtung, Computer 3.44Insurance - Versicherungen 3.36News transmission - Nachrichtenübermittlung 3.18Public services - Energie und Wasserversorgung 3.06Internet software - Internet software 2.87Electronic semiconductor - Elektronischer Halbleiter 2.48Retail trade, department stores - Einzelhandel undWarenhäuser2.48Tobacco and spirits - Tabak und alkoholische Getränke 2.13Mechanics, machinery - Maschinen- und Apparatebau 2.11Coal mines, heavy industries - Bergbau, Schwerindustrie 1.81Automobile industry - Automobilindustrie 1.54Miscellaneous - Andere 1.50Other business houses - Diverse Handelshäuser 1.45Food and distilleries - Nahrungsmittel, alkoholische Getränke 1.44Leisure - Freizeit 1.34Real estate - Immobiliengesellschaften 1.25Electronics and electrical equipment - Elektrotechnik undElektronik1.19Non-ferrous metals - Nichteisenmetalle 1.12Graphic art and publishing - Grafik und Verlage 0.95Transport - Verkehr und Transport 0.91Chemicals - Chemie 0.85Forest products and paper industry - Papier und Holz 0.61Healthcare, education and social services - GesundheitBildung und soziale Einri0.59Other services - Sonstige Dienstleistungen 0.46A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.92

Universe, The CMI Global Network FundCMI Global EquityPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlShares -AktienDescription - WertpapierbezeichnungMarketValue GBPMarktwertGBP% of NetAssets- % desFondsvermögensTransferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereAustralia - Australien 1.0411,317 Anz Banking Group 173,870 1.04Belgium - Belgien 1.095,466 Anheuser-bush Inbev Sa 181,618 1.09Brazil - Brasilien 2.9012,602 Banco Itau Hld Itau /pfd 178,696 1.0712,100 Cielo 73,962 0.444,718 Hypermarcas Sa 36,593 0.2210,700 Vale / -a- /sadr 195,632 1.17Canada - Kanada 1.847,034 Cameco Corp. 128,039 0.775,780 Ultra Petroleum 179,694 1.07France - Frankreich 5.975,220 Axa 76,333 0.469,225 France Telecom Sa 145,853 0.876,232 Gdf Suez 158,621 0.952,719 Pernod-ricard 152,439 0.914,216 Saint-gobain 134,965 0.818,572 Total Sa 328,205 1.97Germany - Deutschland 1.535,190 E.on - Namen Akt. 125,844 0.753,531 Fresenius Medical Care Ag 130,233 0.78Great Britain - Großbritannien 10.1059,446 Bp Plc 370,051 2.223,315 Dana Petroleum Plc 39,581 0.2422,490 Glaxosmithkline Plc 282,250 1.6922,028 Hsbc Holdings Plc 147,522 0.887,000 Imperial Tobacco Group Plc 140,770 0.846,963 Rio Tinto Plc /reg. 270,965 1.6266,093 Thomas Cook Gp 177,790 1.07168,927 Vodafone Group Plc 256,600 1.54Hong Kong - Hongkong 1.5326,000 Hutchison Whamp/hk0.25 125,691 0.7513,000 Sun Hung Kai Properties Ltd 129,231 0.78Ireland - Irlande 0.703,527 Covidien Plc 117,318 0.70Israel - Israel 1.034,090 Teva Phm./adr Rep.1shs 171,799 1.03Japan - Japan 11.015,100 Canon Inc. 156,203 0.9420 Circle K Sunkus Co Ltd 164 0.001,700 Familymart Co Ltd 35,774 0.226,600 Hitachi Constr.machin. 103,126 0.629,700 Kao Corp. 162,611 0.9743 Kddi Corp. 147,212 0.88Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue GBPMarktwertGBP% of NetAssets- % desFondsvermögens30 Lopro Corp 0.00 0.0013,000 Mitsubishi Estate Co. 140,690 0.8427,600 Mitsui & Co Ltd 306,701 1.8451,500 Nomura Holdings Inc 250,990 1.5034,000 Obayashi Corp. 99,806 0.6033,000 Sekisui Chemical Co Ltd 147,990 0.8915,000 Sumitomo Electric Industries 121,592 0.736,200 Toyota Motor Corp. 164,238 0.98Luxembourg - Luxembourg 0.694,042 Tenaris /adr 115,139 0.69Malaysia - Malaysia 0.7897,500 Genting Berhad 130,350 0.78Mexico - Mexiko 1.1928,953 Cemex /adr 198,963 1.19Netherlands - Niederland 1.789,582 Koninklijke Kpn Nv /eur 0.24 99,677 0.6024,668 Reed Elsevier Nv 197,302 1.18Panama - Panama 1.016,534 Carnival Corp 169,200 1.01Singapore - Singapur 1.1528,500 Dbs Group Holdings Ltd 192,394 1.15South Korea - Südkorea 2.592,624 Kookmin Bank Sadr 82,756 0.50390 Lotte Shopping Ltd 74,720 0.451,257 Nhn Corporation 132,162 0.79591 Samsung El./sp.gdr(1/2vot144a) 142,049 0.85Spain - Spanien 0.697,336 Repsol Ypf Sa. Madrid 115,008 0.69Switzerland - Schweiz 6.694,988 Nestle Sa 167,551 1.005,515 Novartis Ag Basel/nam. 197,100 1.181,056 Roche Holding Ag /genussschein 112,629 0.681,029 Syngenta Ag /nam. 190,347 1.1417,928 Ubs Ag /namensaktien 191,325 1.151,514 Zurich Financial Services/nam 257,251 1.54United States - Vereinigte Staaten 41.115,006 Amphenol Corporation -a- 139,655 0.844,406 Ansys Inc 126,759 0.76383 Aol 6,499 0.046,877 Aon Corp 194,895 1.172,020 Apple Inc 314,772 1.889,616 Bank Of America Corp 112,845 0.682,298 Becton Dickinson & Co. 120,032 0.725,434 Broadcom Corp -a- 119,279 0.713,726 Brunswick Corp 39,638 0.244,517 Capital One Financial Corp. 125,117 0.757,504 Cbs Corp -b- /when Issued 70,161 0.4212,749 Centerpoint Energy Inc 121,644 0.7314,992 Cisco Systems Inc. 264,000 1.586,536 Conocophillips 221,379 1.33A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.93

Universe, The CMI Global Network FundCMI Global EquityPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue GBPMarktwertGBP% of NetAssets- % desFondsvermögens2,628 Cummins Inc 107,923 0.657,410 Equifax Inc 177,147 1.063,579 Exelon Corp 103,960 0.622,904 Exxon Mobil Corp 128,659 0.776,246 Genuine Parts Co 175,692 1.05136 Google Inc A 50,926 0.302,001 Grainger Inc..ww 144,462 0.866,089 Halliburton Co 120,702 0.725,822 Hewlett-packard Co. 204,889 1.234,866 Johnson & Johnson 208,672 1.256,885 Jpmorgan Chase & Co 202,810 1.214,543 Kellogg Co 161,349 0.973,155 Kimberly Clark Corp 131,629 0.794,513 Kohl S Corp. 164,757 0.993,133 Lorillard Inc 155,180 0.9313,199 Marsh & Mc-lennan Cos Inc 214,111 1.2822,734 Masco Corp. 231,336 1.3916,433 Microsoft Corp 323,253 1.946,024 Norfolk Southern Corp. 223,701 1.342,270 Occidental Petroleum Corp 126,399 0.765,092 Parker-hannifin 220,449 1.3220,359 Pfizer Inc. 232,190 1.396,585 Ppl Corp 121,353 0.735,732 State Street Corp 173,392 1.046,190 Unitedhealth Group Inc 135,220 0.814,610 Wal-mart Stores Inc 170,309 1.024,534 Walgreen Co. 112,107 0.6712,512 Wells Fargo & Co 254,969 1.539,593 Western Union Company 107,758 0.64TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTAND16,095,164 96.42OTHER NET ASSETSSONSTIGE NETTOVERMÖGEN597,089 3.58TOTAL NET ASSETSGESAMTNETTOVERMÖGEN16,692,253 100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.94

Universe, The CMI Global Network FundCMI Global EquitySector Analysis of Portfolio as at 31 March 2010Analyse des Wertpapierbestandes nach Sektoren zum31. März 2010SectorSektor% of NetAssets- % desFondsvermögensPetrol - Treibstoff 9.77Pharmaceuticals and cosmetics - Pharmazeutika undKosmetik9.69Banks and financial institutions - Banken, Kreditinstitute 8.83SectorSektor% of NetAssets- % desFondsvermögensOther services - Sonstige Dienstleistungen 0.64Consumer goods - Verschiedene Konsumgüter 0.22TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTAND96.42Holding and finance companies - Holding- undFinanzgesellschaften6.76Construction, building materials - Bau, Baustoffe 4.88Office equipment, computers - Büroeinrichtung, Computer 4.69Insurance - Versicherungen 4.45News transmission - Nachrichtenübermittlung 4.31Internet software - Internet software 3.83Public services - Energie und Wasserversorgung 3.78OTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN3.58100.00Retail trade, department stores - Einzelhandel undWarenhäuser3.35Electronic semiconductor - Elektronischer Halbleiter 3.34Tobacco and spirits - Tabak und alkoholische Getränke 2.93Mechanics, machinery - Maschinen- und Apparatebau 2.83Coal mines, heavy industries - Bergbau, Schwerindustrie 2.63Automobile industry - Automobilindustrie 2.03Food and distilleries - Nahrungsmittel, alkoholische Getränke 1.97Other business houses - Diverse Handelshäuser 1.84Leisure - Freizeit 1.79Miscellaneous - Andere 1.77Non-ferrous metals - Nichteisenmetalle 1.62Real estate - Immobiliengesellschaften 1.62Electronics and electrical equipment - Elektrotechnik undElektronik1.59Transport - Verkehr und Transport 1.34Graphic art and publishing - Grafik und Verlage 1.18Chemicals - Chemie 1.14Healthcare, education and social services - GesundheitBildung und soziale Einri0.81Forest products and paper industry - Papier und Holz 0.79A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.95

Universe, The CMI Global Network FundCMIG Access 80%Portfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlShares -AktienDescription - WertpapierbezeichnungMarketValue EURMarktwertEURTransferable securities admitted to an official stock exchange -Amtlich notierte Wertpapiere% of NetAssets- % desFondsvermögensBelgium - Belgien 0.055,401 Anheuser-bush Inbev Sa 201,754 0.05Finland - Finnland 0.0828,015 Nokia Oy 321,892 0.08France - Frankreich 1.101,973 Air Liquide 175,873 0.041,513 Alstom 70,045 0.0213,530 Axa 222,433 0.067,377 Bnp Paribas 423,292 0.114,550 Carrefour S.a. 162,936 0.047,887 Credit Agricole Sa. Paris 102,452 0.0314,484 France Telecom Sa 257,453 0.069,971 Gdf Suez 285,320 0.074,583 Groupe Danone 205,685 0.051,783 L Oreal 140,501 0.041,927 Lvmh Moet Hennessy Eur 0.3 168,593 0.043,142 Saint-gobain 113,081 0.038,228 Sanofi-aventis 454,103 0.111,962 Schneider Electric Sa 171,145 0.045,523 Ste Gen.paris -a- 258,642 0.0616,372 Total Sa 704,733 0.18684 Unibail-rodamco Se 102,292 0.033,871 Vinci 169,995 0.049,156 Vivendi 182,021 0.05Germany - Deutschland 0.813,383 Allianz Se /nam.vinkuliert 314,315 0.086,875 Basf Se 315,975 0.086,186 Bayer 307,784 0.086,669 Daimler Ag/Namen-akt. 231,981 0.064,644 Deutsche Bank Ag /nam. 265,776 0.071,457 Deutsche Boerse Ag /nam. 80,120 0.0222,286 Deutsche Telekom /nam. 224,420 0.0514,970 E.on - Namen Akt. 408,082 0.101,398 Muenchener167,900 0.04Rueckvers/namensakt3,093 Rwe Ag (neu). Essen A 203,334 0.056,657 Sap Ag 238,421 0.066,460 Siemens Ag /nam. 478,815 0.12Ireland - Irlande 0.035,287 Crh Plc 98,338 0.03Italy - Italien 0.329,996 Assicurazioni Generali Spa 179,028 0.0447,674 Enel 199,039 0.0518,230 Eni Spa Roma 318,478 0.0872,184 Intesa Sanpaolo Spa 202,296 0.0576,475 Telecom Italia Spa 82,364 0.02136,913 Unicredit S.p.a. 303,604 0.08Luxembourg - Luxembourg 0.066,897 Arcelormittal Sa /prov.fusion 225,153 0.06Netherlands - Niederland 0.1811,572 Aegon Nv 58,647 0.0228,888 Ing Groep Nv/cert.of Shs 213,512 0.057,259 Roy.philips Electr./eur 0.2 172,510 0.0411,616 Unilever Cert.of Shs 262,928 0.07Quantity -AnzahlTreasuryBill -SchatzbriefeDescription - WertpapierbezeichnungMarketValue EURMarktwertEUR% of NetAssets- % desFondsvermögensSpain - Spanien 0.4361,010 Banco Santander Sa / Reg. 605,951 0.1528,038 Bco Bilbao Viz.argentaria/nam. 284,305 0.0729,264 Iberdrola Sa 183,924 0.055,919 Repsol Ypf Sa. Madrid 104,323 0.0330,692 Telefonica Sa 538,645 0.13Transferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereFrance - Frankreich 17.3934,000,000 France 0% 09-22.4.10 Btf 33,986,400 8.5435,200,000 France 0% 10-29.4.10 Btf 35,182,400 8.85Investmentfunds -AnlagefondsTransferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereFrance - Frankreich 2.1862,530 Easyetf Eurmts Eonia /cap 8,657,279 2.18Investmentfunds -AnlagefondsOther transferable securities - Sonstige WertpapiereLuxembourg - Luxembourg 9.81281,828 Bnp P Insticash Inst./cap 39,018,808 9.81TreasuryBill -SchatzbriefeFinancial Instruments - Liquiditätsähnliche finanzinstrumenteFinland - Finnland 10.3141,000,000 Finland 0% 09-11.5.10 Tb 40,979,090 10.31France - Frankreich 10.3019,680,000 France 0% 10-15.04.10 Btf 19,672,128 4.9521,300,000 France 0% 10-27.05.10 Btf 21,285,090 5.35Germany - Deutschland 21.1744,200,000 Germany 0% 09-19.05.10 Tb 44,186,740 11.1140,000,000 Germany 0% 09-30.6.10 Tb 39,976,000 10.06Netherlands - Niederland 17.3844,200,000 Netherlands 0% 10-31.08.10 Tb 44,129,280 11.1025,000,000 Netherlands 0% 9-30.4.10 Tb 24,995,000 6.28TOTAL INVESTMENT PORTFOLIO-SUMME WERTPAPIERBESTAND364,232,424 91.60OTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN33,380,023 8.40397,612,447 100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.96

Universe, The CMI Global Network FundCMIG Access 80%Sector Analysis of Portfolio as at 31 March 2010Analyse des Wertpapierbestandes nach Sektoren zum31. März 2010SectorSektorStates, provinces and municipalities - Staats- undKommunalanleihen% of NetAssets- % desFondsvermögens76.55Investment funds - Investmentfonds 11.99Banks and financial institutions - Banken, Kreditinstitute 0.52News transmission - Nachrichtenübermittlung 0.34Public services - Energie und Wasserversorgung 0.32Petrol - Treibstoff 0.29Insurance - Versicherungen 0.24Chemicals - Chemie 0.20Holding and finance companies - Holding- undFinanzgesellschaftenPharmaceuticals and cosmetics - Pharmazeutika undKosmetik0.170.15Food and distilleries - Nahrungsmittel, alkoholische Getränke 0.12Various capital goods - Verschiedene Produktionsgüter 0.12Construction, building materials - Bau, Baustoffe 0.10Automobile industry - Automobilindustrie 0.06Coal mines, heavy industries - Bergbau, Schwerindustrie 0.06Electronics and electrical equipment - Elektrotechnik undElektronik0.06Internet software - Internet software 0.06Leisure - Freizeit 0.05Tobacco and spirits - Tabak und alkoholische Getränke 0.05Electronic semiconductor - Elektronischer Halbleiter 0.04Retail trade, department stores - Einzelhandel undWarenhäuser0.04Textile - Textil- und Bekleidungsindustrie 0.04Real estate - Immobiliengesellschaften 0.03TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTANDOTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN91.608.40100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.97

Universe, The CMI Global Network FundCMI European Enhanced EquityPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlShares -AktienDescription - WertpapierbezeichnungMarketValue EURMarktwertEUR% of NetAssets- % desFondsvermögensTransferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereBelgium - Belgien 1.403,661 Anheuser-bush Inbev Sa 136,757 1.40Finland - Finnland 2.2819,332 Nokia Oy 222,125 2.28France - Frankreich 35.281,261 Air Liquide 112,406 1.15716 Alstom 33,147 0.3411,896 Axa 195,570 2.016,108 Bnp Paribas 350,477 3.603,579 Carrefour S.a. 128,164 1.316,204 Credit Agricole Sa. Paris 80,590 0.8312,318 France Telecom Sa 218,953 2.258,556 Gdf Suez 244,830 2.513,056 Groupe Danone 137,153 1.411,066 L Oreal 84,001 0.861,173 Lvmh Moet Hennessy Eur 0.3 102,626 1.052,460 Saint-gobain 88,535 0.916,839 Sanofi-aventis 377,444 3.871,524 Schneider Electric Sa 132,939 1.364,345 Ste Gen.paris -a- 203,476 2.0913,270 Total Sa 571,207 5.86540 Unibail-rodamco Se 80,757 0.833,009 Vinci 132,140 1.368,262 Vivendi 164,249 1.68Germany - Deutschland 25.752,860 Allianz Se /nam.vinkuliert 265,723 2.724,714 Basf Se 216,655 2.224,305 Bayer 214,195 2.204,501 Daimler Ag/Namen-akt. 156,567 1.614,067 Deutsche Bank Ag /nam. 232,754 2.39754 Deutsche Boerse Ag /nam. 41,462 0.4219,870 Deutsche Telekom /nam. 200,091 2.0512,547 E.on - Namen Akt. 342,031 3.511,258 Muenchener Rueckvers/namensakt 151,086 1.552,778 Rwe Ag (neu). Essen A 182,626 1.874,482 Sap Ag 160,523 1.654,680 Siemens Ag /nam. 346,882 3.56Ireland - Irlande 0.774,023 Crh Plc 74,828 0.77Italy - Italien 10.466,498 Assicurazioni Generali Spa 116,379 1.1942,587 Enel 177,801 1.8215,613 Eni Spa Roma 272,759 2.8055,109 Intesa Sanpaolo Spa 154,443 1.5978,777 Telecom Italia Spa 84,843 0.8796,210 Unicredit S.p.a. 213,345 2.19Luxembourg - Luxembourg 1.825,425 Arcelormittal Sa /prov.fusion 177,099 1.82Netherlands - Niederland 5.014,946 Aegon Nv 25,066 0.2620,324 Ing Groep Nv/cert.of Shs 150,215 1.545,712 Roy.philips Electr./eur 0.2 135,746 1.397,823 Unilever Cert.of Shs 177,073 1.82Quantity -Anzahl% of NetDescription - WertpapierbezeichnungMarketValue EURMarktwertEURAssets- % desFondsvermögensSpain - Spanien 14.3149,507 Banco Santander Sa / Reg. 491,704 5.0423,826 Bco Bilbao Viz.argentaria/nam. 241,596 2.4826,313 Iberdrola Sa 165,377 1.705,660 Repsol Ypf Sa. Madrid 99,757 1.0222,598 Telefonica Sa 396,595 4.07TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTAND9,462,767 97.08OTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN284,572 2.929,747,339 100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.98

Universe, The CMI Global Network FundCMI European Enhanced EquitySector Analysis of Portfolio as at 31 March 2010Analyse des Wertpapierbestandes nach Sektoren zum31. März 2010SectorSektor% of NetAssets- % desFondsvermögensBanks and financial institutions - Banken, Kreditinstitute 16.71News transmission - Nachrichtenübermittlung 11.52Public services - Energie und Wasserversorgung 11.41Petrol - Treibstoff 9.68Insurance - Versicherungen 7.73Chemicals - Chemie 5.57Holding and finance companies - Holding- undFinanzgesellschaftenPharmaceuticals and cosmetics - Pharmazeutika undKosmetik5.464.73Various capital goods - Verschiedene Produktionsgüter 3.56Food and distilleries - Nahrungsmittel, alkoholische Getränke 3.23Construction, building materials - Bau, Baustoffe 3.04Coal mines, heavy industries - Bergbau, Schwerindustrie 1.82Electronics and electrical equipment - Elektrotechnik undElektronik1.70Leisure - Freizeit 1.68Internet software - Internet software 1.65Automobile industry - Automobilindustrie 1.61Tobacco and spirits - Tabak und alkoholische Getränke 1.40Electronic semiconductor - Elektronischer Halbleiter 1.39Retail trade, department stores - Einzelhandel undWarenhäuser1.31Textile - Textil- und Bekleidungsindustrie 1.05Real estate - Immobiliengesellschaften 0.83TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTANDOTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN97.082.92100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.99

Universe, The CMI Global Network FundAccess 80% GuaranteedPortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlInvestmentfunds -AnlagefondsDescription - WertpapierbezeichnungMarketValue EURMarktwertEUR% of NetAssets- % desFondsvermögensTransferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereBelgium - Belgien 0.16101 Anheuser-bush Inbev Sa 3,773 0.16Finland - Finnland 0.25524 Nokia Oy 6,021 0.25France - Frankreich 3.4037 Air Liquide 3,298 0.1428 Alstom 1,296 0.06253 Axa 4,159 0.17137 Bnp Paribas 7,861 0.3386 Carrefour S.a. 3,080 0.13148 Credit Agricole Sa. Paris 1,923 0.08267 France Telecom Sa 4,746 0.20186 Gdf Suez 5,322 0.2286 Groupe Danone 3,860 0.1634 L Oreal 2,679 0.1136 Lvmh Moet Hennessy Eur 0.3 3,150 0.1358 Saint-gobain 2,087 0.09154 Sanofi-aventis 8,499 0.3536 Schneider Electric Sa 3,140 0.13103 Ste Gen.paris -a- 4,824 0.20306 Total Sa 13,172 0.5513 Unibail-rodamco Se 1,944 0.0873 Vinci 3,206 0.13171 Vivendi 3,399 0.14Germany - Deutschland 2.5263 Allianz Se /nam.vinkuliert 5,853 0.24129 Basf Se 5,929 0.25116 Bayer 5,771 0.24125 Daimler Ag / Namen-akt. 4,348 0.1886 Deutsche Bank Ag /nam. 4,922 0.2127 Deutsche Boerse Ag /nam. 1,485 0.06417 Deutsche Telekom /nam. 4,199 0.17280 E.on - Namen Akt. 7,633 0.3226 Muenchener Rueckvers/namensakt 3,123 0.1358 Rwe Ag (neu). Essen A 3,813 0.16125 Sap Ag 4,477 0.19121 Siemens Ag /nam. 8,968 0.37Ireland - Irlande 0.0898 Crh Plc 1,823 0.08Italy - Italien 1.00187 Assicurazioni Generali Spa 3,349 0.14892 Enel 3,724 0.15341 Eni Spa Roma 5,958 0.251,356 Intesa Sanpaolo Spa 3,800 0.161,431 Telecom Italia Spa 1,541 0.062,560 Unicredit S.p.a. 5,677 0.24Luxembourg - Luxembourg 0.17129 Arcelormittal Sa /prov.fusion 4,211 0.17Netherlands - Niederland 0.55216 Aegon Nv 1,095 0.05541 Ing Groep Nv/cert.of Shs 3,998 0.17136 Roy.philips Electr./eur 0.2 3,232 0.13217 Unilever Cert.of Shs 4,912 0.20Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue EURMarktwertEUR% of NetAssets- % desFondsvermögensSpain - Spanien 1.341,141 Banco Santander Sa / Reg. 11,332 0.47525 Bco Bilbao Viz.argentaria/nam. 5,324 0.22548 Iberdrola Sa 3,444 0.15111 Repsol Ypf Sa. Madrid 1,956 0.08574 Telefonica Sa 10,074 0.42Investmentfunds -AnlagefondsTreasuryBill -SchatzbriefeTransferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereFrance - Frankreich 22.331,325 Easyetf Eurmts Eonia /cap 183,446 7.645,736 Easyetf Euro Stx 50 -b1-/cap. 197,032 8.205,268 Lyxor Etf Dj Eur.stoxx 50 155,828 6.49Germany - Deutschland 6.275,102 Ishares Dj Euro Stoxx 50 (de) 150,560 6.27Ireland - Irlande 5.894,807 Ishares Ii/ Dj Euro Stoxx 50 141,662 5.89Luxembourg - Luxembourg 6.605,215 Db X-t Djeur- 1d- 158,536 6.60Financial Instruments - Liquiditätsähnliche finanzinstrumenteFrance - Frankreich 8.32200,000 France 0% 10-27.05.10 Btf 199,860 8.32Germany - Deutschland 18.72450,000 Germany 0% 09-30.6.10 Tb 449,730 18.72Netherlands - Niederland 13.73100,000 Netherlands 0% 10-31.08.10 Tb 99,840 4.16230,000 Netherlands 0% 9-30.4.10 Tb 229,954 9.57Investmentfunds -AnlagefondsOther transferable securities - Sonstige WertpapiereLuxembourg - Luxembourg 2.43421 Bnp P Insticash Inst./cap 58,310 2.43TOTAL INVESTMENT PORTFOLIO-SUMME WERTPAPIERBESTAND2,252,168 93.76OTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN149,761 6.242,401,929 100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.100

Universe, The CMI Global Network FundAccess 80% GuaranteedSector Analysis of Portfolio as at 31 March 2010Analyse des Wertpapierbestandes nach Sektoren zum31. März 2010SectorSektor% of NetAssets- % desFondsvermögensInvestment funds - Investmentfonds 43.52States, provinces and municipalities - Staats- undKommunalanleihen40.77Banks and financial institutions - Banken, Kreditinstitute 1.61News transmission - Nachrichtenübermittlung 1.10Public services - Energie und Wasserversorgung 1.00Petrol - Treibstoff 0.88Insurance - Versicherungen 0.73Chemicals - Chemie 0.63Holding and finance companies - Holding- undFinanzgesellschaftenPharmaceuticals and cosmetics - Pharmazeutika undKosmetik0.530.46Various capital goods - Verschiedene Produktionsgüter 0.37Food and distilleries - Nahrungsmittel, alkoholische Getränke 0.36Construction, building materials - Bau, Baustoffe 0.30Electronics and electrical equipment - Elektrotechnik undElektronik0.19Internet software - Internet software 0.19Automobile industry - Automobilindustrie 0.18Coal mines, heavy industries - Bergbau, Schwerindustrie 0.17Tobacco and spirits - Tabak und alkoholische Getränke 0.16Leisure - Freizeit 0.14Electronic semiconductor - Elektronischer Halbleiter 0.13Retail trade, department stores - Einzelhandel undWarenhäuser0.13Textile - Textil- und Bekleidungsindustrie 0.13Real estate - Immobiliengesellschaften 0.08TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTANDOTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN93.766.24100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.101

Universe, The CMI Global Network FundCMIG Access 70% FlexiblePortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlBonds -AnleihenDescription - WertpapierbezeichnungMarketValue EURMarktwertEUR% of NetAssets- % desFondsvermögensTransferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereBelgium - Belgien 0.561,586 Anheuser-bush Inbev Sa 59,245 0.56Finland - Finnland 0.908,236 Nokia Oy 94,632 0.90France - Frankreich 12.19579 Air Liquide 51,612 0.49444 Alstom 20,555 0.193,976 Axa 65,365 0.622,168 Bnp Paribas 124,400 1.181,339 Carrefour S.a. 47,950 0.452,325 Credit Agricole Sa. Paris 30,202 0.294,198 France Telecom Sa 74,619 0.712,930 Gdf Suez 83,842 0.801,347 Groupe Danone 60,453 0.57523 L Oreal 41,212 0.39567 Lvmh Moet Hennessy Eur 0.3 49,607 0.47923 Saint-gobain 33,219 0.322,418 Sanofi-aventis 133,449 1.27576 Schneider Electric Sa 50,244 0.481,626 Ste Gen.paris -a- 76,146 0.724,811 Total Sa 207,090 1.97201 Unibail-rodamco Se 30,060 0.291,138 Vinci 49,975 0.472,691 Vivendi 53,497 0.51Germany - Deutschland 9.04996 Allianz Se /nam.vinkuliert 92,538 0.882,022 Basf Se 92,931 0.881,818 Bayer 90,454 0.861,960 Daimler Ag / Namen-akt. 68,179 0.651,365 Deutsche Bank Ag /nam. 78,119 0.74428 Deutsche Boerse Ag /nam. 23,536 0.226,552 Deutsche Telekom /nam. 65,979 0.634,399 E.on - Namen Akt. 119,917 1.14412 Muenchener Rueckvers/namensakt 49,481 0.47911 Rwe Ag (neu). Essen A 59,889 0.571,957 Sap Ag 70,090 0.661,898 Siemens Ag /nam. 140,680 1.34Ireland - Irlande 0.271,553 Crh Plc 28,886 0.27Italy - Italien 3.582,938 Assicurazioni Generali Spa 52,619 0.5014,015 Enel 58,512 0.555,359 Eni Spa Roma 93,622 0.8921,166 Intesa Sanpaolo Spa 59,318 0.5622,482 Telecom Italia Spa 24,213 0.2340,247 Unicredit S.p.a. 89,248 0.85Luxembourg - Luxembourg 0.632,034 Arcelormittal Sa /prov.fusion 66,400 0.63Netherlands - Niederland 1.983,401 Aegon Nv 17,236 0.168,488 Ing Groep Nv/cert.of Shs 62,735 0.602,140 Roy.philips Electr./eur 0.2 50,857 0.483,415 Unilever Cert.of Shs 77,299 0.74Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue EURMarktwertEUR% of NetAssets- % desFondsvermögensSpain - Spanien 4.7917,934 Banco Santander Sa / Reg. 178,120 1.698,242 Bco Bilbao Viz.argentaria/nam. 83,574 0.808,602 Iberdrola Sa 54,064 0.511,740 Repsol Ypf Sa. Madrid 30,667 0.299,022 Telefonica Sa 158,336 1.50Investmentfunds -AnlagefondsTransferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereFrance - Frankreich 21.184,365 Easyetf Eurmts Eonia /cap 604,334 5.7427,125 Easyetf Euro Stx 50 -b1-/cap. 931,744 8.8523,476 Lyxor Etf Dj Eur.stoxx 50 694,420 6.59Germany - Deutschland 6.6223,617 Ishares Dj Euro Stoxx 50 (de) 696,938 6.62Ireland - Irlande 6.6123,637 Ishares Ii/ Dj Euro Stoxx 50 696,582 6.61Luxembourg - Luxembourg 7.0524,439 Db X-t Djeur- 1d- 742,946 7.05TreasuryBill -SchatzbriefeTransferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereFrance - Frankreich 5.22550,000 France 0% 10-27.05.10 Btf 549,615 5.22Germany - Deutschland 3.80400,000 Germany 0% 09-30.6.10 Tb 399,760 3.80Netherlands - Niederland 25.62700,000 Netherlands 0% 10-31.08.10 Tb 698,880 6.632,000,000 Netherlands 0% 9-30.4.10 Tb 1,999,600 18.99Investmentfunds -AnlagefondsOther transferable securities - Sonstige Wertpapiere5,448 Bnp P Insticash Inst./cap 754,285 7.16TOTAL INVESTMENT PORTFOLIO - 12,343,977 117.20SUMME WERTPAPIERBESTANDOTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN(1,811,968) (17.20)10,532,009 100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.102

Universe, The CMI Global Network FundCMIG Access 70% FlexibleSector Analysis of Portfolio as at 31 March 2010Analyse des Wertpapierbestandes nach Sektoren zum31. März 2010SectorSektor% of NetAssets- % desFondsvermögensInvestment funds - Investmentfonds 48.62States, provinces and municipalities - Staats- undKommunalanleihen34.64Banks and financial institutions - Banken, Kreditinstitute 5.74News transmission - Nachrichtenübermittlung 3.97Public services - Energie und Wasserversorgung 3.57Petrol - Treibstoff 3.15Insurance - Versicherungen 2.63Chemicals - Chemie 2.23Holding and finance companies - Holding- undFinanzgesellschaftenPharmaceuticals and cosmetics - Pharmazeutika undKosmetik1.911.66Various capital goods - Verschiedene Produktionsgüter 1.34Food and distilleries - Nahrungsmittel, alkoholische Getränke 1.31Construction, building materials - Bau, Baustoffe 1.06Electronics and electrical equipment - Elektrotechnik undElektronik0.67Internet software - Internet software 0.66Automobile industry - Automobilindustrie 0.65Coal mines, heavy industries - Bergbau, Schwerindustrie 0.63Tobacco and spirits - Tabak und alkoholische Getränke 0.56Leisure - Freizeit 0.51Electronic semiconductor - Elektronischer Halbleiter 0.48Textile - Textil- und Bekleidungsindustrie 0.47Retail trade, department stores - Einzelhandel undWarenhäuser0.45Real estate - Immobiliengesellschaften 0.29TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTAND117.20OTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN(17.20)100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.103

Universe, The CMI Global Network FundCMIG Access 80% FlexiblePortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlShares -AktienDescription - WertpapierbezeichnungMarketValue EURMarktwertEUR% of NetAssets- % desFondsvermögensTransferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereBelgium - Belgien 0.324,997 Anheuser-bush Inbev Sa 186,663 0.32Finland - Finnland 0.5225,948 Nokia Oy 298,143 0.52France - Frankreich 6.977,319 Credit Agricole Sa. Paris 95,074 0.161,828 Air Liquide 162,948 0.284,223 Carrefour S.a. 151,226 0.2615,156 Total Sa 652,390 1.121,652 L Oreal 130,178 0.227,621 Sanofi-aventis 420,603 0.7312,533 Axa 206,042 0.364,246 Groupe Danone 190,560 0.331,785 Lvmh Moet Hennessy Eur 0.3 156,170 0.271,816 Schneider Electric Sa 158,410 0.272,903 Saint-gobain 104,479 0.183,576 Vinci 157,040 0.278,479 Vivendi 168,562 0.295,126 Ste Gen.paris -a- 240,051 0.416,833 Bnp Paribas 392,078 0.6813,229 France Telecom Sa 235,145 0.419,235 Gdf Suez 264,259 0.461,401 Alstom 64,859 0.11631 Unibail-rodamco Se 94,366 0.16Germany - Deutschland 5.174,302 Deutsche Bank Ag /nam. 246,203 0.426,368 Basf Se 292,673 0.5120,643 Deutsche Telekom /nam. 207,875 0.361,351 Deutsche Boerse Ag /nam. 74,292 0.132,864 Rwe Ag (neu). Essen A 188,279 0.336,176 Daimler Ag /Namen-akt. 214,832 0.376,165 Sap Ag 220,800 0.385,978 Siemens Ag /nam. 443,089 0.763,135 Allianz Se /nam.vinkuliert 291,273 0.501,298 Muenchener155,890 0.27Rueckvers/namensakt5,729 Bayer 285,046 0.4913,864 E.on - Namen Akt. 377,933 0.65Ireland - Irlande 0.164,883 Crh Plc 90,824 0.16Italy - Italien 2.059,258 Assicurazioni Generali Spa 165,811 0.29126,810 Unicredit S.p.a. 281,201 0.4866,681 Intesa Sanpaolo Spa 186,874 0.3244,157 Enel 184,355 0.3216,884 Eni Spa Roma 294,964 0.5170,833 Telecom Italia Spa 76,287 0.13Luxembourg - Luxembourg 0.366,400 Arcelormittal Sa /prov.fusion 208,928 0.36Netherlands - Niederland 1.1310,760 Unilever Cert.of Shs 243,553 0.426,738 Roy.philips Electr./eur 0.2 160,128 0.2826,758 Ing Groep Nv/cert.of Shs 197,768 0.3410,719 Aegon Nv 54,324 0.09Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue EURMarktwertEUR% of NetAssets- % desFondsvermögensSpain - Spanien 2.7425,969 Bco Bilbao Viz.argentaria/nam. 263,326 0.4556,509 Banco Santander Sa / Reg. 561,247 0.9727,105 Iberdrola Sa 170,355 0.295,481 Repsol Ypf Sa. Madrid 96,603 0.1728,428 Telefonica Sa 498,911 0.86Investmentfunds -AnlagefondsTransferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereFrance - Frankreich 15.3980,456 Lyxor Etf Dj Eur.stoxx 50 2,379,888 4.1092,057 Easyetf Euro Stx 50 -b1-/cap. 3,162,158 5.4524,475 Easyetf Eurmts Eonia /cap 3,388,564 5.84Germany - Deutschland 4.0980,383 Ishares Dj Euro Stoxx 50 (de) 2,372,103 4.09Ireland - Irlande 3.9878,283 Ishares Ii/ Dj Euro Stoxx 50 2,307,000 3.98Luxembourg - Luxembourg 4.4384,515 Db X-t Djeur- 1d- 2,569,256 4.43Investmentfunds -AnlagefondsTreasuryBill -SchatzbriefeOther transferable securities - Sonstige WertpapiereLuxembourg - Luxembourg 4.5419,025 Bnp P Insticash Inst./cap 2,634,045 4.54Financial Instruments - Liquiditätsähnliche finanzinstrumenteFrance - Frankreich 13.445,900,000 France 0% 10-15.04.10 Btf 5,897,640 10.171,900,000 France 0% 10-27.05.10 Btf 1,898,670 3.27Germany - Deutschland 17.2310,000,000 Germany 0% 09-30.6.10 Tb 9,994,000 17.23Netherlands - Niederland 18.439,000,000 Netherlands 0% 9-30.4.10 Tb 8,998,200 15.511,700,000 Netherlands 0% 10-31.08.10 Tb 1,697,280 2.92TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTAND58,561,694 100.95OTHER NET ASSETS SONSTIGENETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN(548,751) (0.95)58,012,943 100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.104

Universe, The CMI Global Network FundCMIG Access 80% FlexibleSector Analysis of Portfolio as at 31 March 2010Analyse des Wertpapierbestandes nach Sektoren zum31. März 2010SectorSektorStates, provinces and municipalities - Staats- undKommunalanleihen% of NetAssets- % desFondsvermögens49.10Investment funds - Investmentfonds 32.43Banks and financial institutions - Banken, Kreditinstitute 3.26News transmission - Nachrichtenübermittlung 2.28Public services - Energie und Wasserversorgung 2.05Petrol - Treibstoff 1.80Insurance - Versicherungen 1.51Chemicals - Chemie 1.28Holding and finance companies - Holding- undFinanzgesellschaftenPharmaceuticals and cosmetics - Pharmazeutika undKosmetik1.100.95Various capital goods - Verschiedene Produktionsgüter 0.76Food and distilleries - Nahrungsmittel, alkoholische Getränke 0.75Construction, building materials - Bau, Baustoffe 0.61Electronics and electrical equipment - Elektrotechnik undElektronik0.38Internet software - Internet software 0.38Automobile industry - Automobilindustrie 0.37Coal mines, heavy industries - Bergbau, Schwerindustrie 0.36Tobacco and spirits - Tabak und alkoholische Getränke 0.32Leisure - Freizeit 0.29Electronic semiconductor - Elektronischer Halbleiter 0.28Textile - Textil- und Bekleidungsindustrie 0.27Retail trade, department stores - Einzelhandel undWarenhäuser0.26Real estate - Immobiliengesellschaften 0.16TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTANDOTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN100.95(0.95)100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.105

Universe, The CMI Global Network FundCMIG Access 90% FlexiblePortfolio of Investments as at 31 March 2010Wertpapierbestand zum 31. März 2010Quantity -AnzahlDescription - WertpapierbezeichnungMarketValue EURMarktwertEUR% of NetAssets- % desFondsvermögensInvestmentfunds -AnlagefondsTransferable securities admitted to an official stock exchange -Amtlich notierte WertpapiereFrance - Frankreich 12.4713,406 Lyxor Etf Dj Eur.stoxx 50 396,549 3.1513,136 Easyetf Euro Stx 50 -b1-/cap. 451,222 3.585,226 Easyetf Eurmts Eonia /cap 723,540 5.74Germany - Deutschland 3.1413,425 Ishares Dj Euro Stoxx 50 (de) 396,172 3.14Ireland - Irlande 3.1613,500 Ishares Ii/ Dj Euro Stoxx 50 397,845 3.16Luxembourg - Luxembourg 2.8911,998 Db X-t Djeur- 1d- 364,739 2.89TreasuryBill -SchatzbriefeFinancial Instruments - Liquiditätsähnliche finanzinstrumenteFrance - Frankreich 12.851,120,000 France 0% 10-15.04.10 Btf 1,119,552 8.88500,000 France 0% 10-27.05.10 Btf 499,650 3.97Germany - Deutschland 14.271,800,000 Germany 0% 09-30.6.10 Tb 1,798,920 14.27Netherlands - Niederland 22.751,000,000 Netherlands 0% 10-31.08.10 Tb 998,400 7.921,870,000 Netherlands 0% 9-30.4.10 Tb 1,869,626 14.83Investmentfunds -AnlagefondsOther transferable securities - Sonstige WertpapiereLuxembourg - Luxembourg 6.185,628 Bnp P Insticash Inst./cap 779,187 6.18TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTAND9,795,402 77.71OTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN2,809,491 22.2912,604,893 100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.106

Universe, The CMI Global Network FundCMIG Access 90% FlexibleSector Analysis of Portfolio as at 31 March 2010Analyse des Wertpapierbestandes nach Sektoren zum31. März 2010SectorSektorStates, provinces and municipalities - Staats- undKommunalanleihen% of NetAssets- % desFondsvermögens49.87Investment funds - Investmentfonds 27,84TOTAL INVESTMENT PORTFOLIO -SUMME WERTPAPIERBESTANDOTHER NET ASSETSSONSTIGE NETTOVERMÖGENTOTAL NET ASSETSGESAMTNETTOVERMÖGEN77.7122.29100.00A Statement of changes in the composition of each of the sub funds is available to shareholders on request from the Fund’s Registered Office or Deutsche Bank A.G., Alfred HerrhausenAllee 16-24, D-65760 Eschborn. Eine Aufstellung der Veränderungen im Wertpapierbestand eines jeden Fonds ist für Anteilsinhaber auf Anfrage vom Gesellschaftsitz desFonds oder über die Deutsche Bank A.G., Alfred Herrhausen Allee 16- 24, D-65760 Eschborn erhältlich.107

Universe, The CMI Global Network FundINVESTMENT ADVISERS AS AT 31 MARCH 2010ANLAGEBERATER ZUM 31. MÄRCH 2010Scottish Widows InvestmentPartnershipEdinburgh One,Morrison Street,Edinburgh EH3 8BEInsight InvestmentManagement (Global) Limited33, Old Broad Street,London, ECN 1HZUnited KingdomCMI Continental European Equity Sub-FundCMI German Equity Sub-FundCMI Japan Enhanced Equity Sub-FundCMI Pacific Basin Enhanced Equity Sub-FundCMI US Enhanced Equity Sub-FundCMI UK Equity Sub-FundEuro Equity Index Tracking Sub-FundJapan Equity Index Tracking Sub-FundUK Equity Index Tracking Sub-FundUS Equity Index Tracking Sub-FundCMI Euro Bond Sub-FundCMIG Fixed Term Euro Bond Sub-FundCMI Japan Bond Sub-FundCMI UK Bond Sub-FundCMI US Bond Sub-FundCMIG Fixed Term US Bond Sub-FundCMI Sterling Currency Reserve Sub-FundCMI US Dollar Currency Reserve Sub-FundCMI Euro Currency Reserve Sub-FundCMI Global Bond Sub-FundCMI Global Mixed Sub-FundCMI Global Equity Sub-FundCMI European Enhanced Equity Sub-FundCMIG Access 80% Sub-FundCMIG Access 70% Flexible Sub-FundCMIG Access 80% Flexible Sub-FundCMIG Access 90% Flexible Sub-FundHLE Euro-Garant 70 FlexHLE Euro-Garant 80 Flex (under the name of Access 80%Guaranteed Sub-Fund)HLE Euro-Garant 90 Flex108

Universe, The CMI Global Network FundEXPLANATORY NOTES• Universe, The CMI Global Network Fund, is an authorised Securities Fund formed as an open-ended Investment Company (SICAV).• It was incorporated in Luxembourg under the laws regulating Collective Investment Schemes on 12 April 1990 and complies with theEuropean Community directive on the cross-border selling of Collective Investment Schemes (UCITS).• The Fund is regulated by the Financial Services Authority whose rules and regulations are made under the Financial Services and MarketsAct 2000.• Investors should note that the value of shares and income from them are not guaranteed and may fluctuate from time to time. Pastperformance is not necessarily a guide to future performance.• Further information, including full terms and conditions, is available from the addresses listed overleaf.ERLAUTERUNGEN• Universe, The CMI Global Network Fund ist ein zugelassener Wertpapierfonds, der als offene Investmentgesellschaft (SICAV) gegründetwurde.• Er wurde in Luxemburg am 12. April 1990 gemäß dem Gesetz über Organismen für die gemeinsame Anlage in übertragbarenWertpapieren gegründet und erfüllt die Bestimmungen der EG-Richtlinie über den grenzüberschreitenden Verkauf von Organismen dergemeinsamen Anlage in übertragbaren Wertpapieren (UCITS).• Der Fonds untersteht der Regulierungsvorschriften der Financial Services Authority, deren Regeln und Vorschriften dem FinancialServices Act (Finanzdienstleistungsgesetz) von 2000 entsprechend erfolgen.• Die Anleger sollten wissen, daß der Wert der Anteile und Erträge nicht garantiert wird und von Zeit zu Zeit schwanken kann. Ergebnisseder Vergangenheit garantieren nicht notwendigerweise für Ergebnisse der Zukunft.• Weitere Informationen können Sie an den folgenden Adressen erhalten.109

Issued by: CMI Asset Management (Luxembourg) S.A. Registered Office: 40 Avenue Monterey, L-2163 Luxembourg, Luxembourg.Telephone: +352 31 78 31 342. Facsimile: +352 31 78 31 550. Registered in Luxembourg under RCS Luxembourg N29384.CMI Asset Management (Luxembourg) S.A. is regulated by the Commission de Surveillance du Secteur Financier, Luxembourg.Approved by: Clerical Medical Financial Services Limited, 33 Old Broad Street, London EC2N 1HZ, England.Clerical Medical Financial Services Limited is authorised and regulated by the Financial Services Authority whose rules andregulations are made under the Financial Services and Markets Act 2000 for the protection of investors and apply only toinvestment business conducted in, or from, the UK.Investment advice to Universe provided by Insight Investment (Global) Management Limited. Registered office 33 Old Broad Street,London EC2N 1HZ.Registered in England and Wales. Registered number 00828982. Authorised and regulated by the Financial Services Authority.Lloyds Banking Groupwww.clericalmedical.com