DWS Vermögensmandat-Defensiv LC

DWS Vermögensmandat-Defensiv is an actively managed multi-asset fund that builds a globally diversified portfolio by investing in a mix of stocks, government and corporate bonds, certificates, actively managed funds, exchange-traded funds (ETFs), derivatives, money market instruments, and cash. The fund typically allocates up to 35% of its assets to equities, but this allocation can be adjusted based on the portfolio managers’ assessment of market conditions to maintain a defensive investment approach over the long term.