1. TOP 25 S
Made for every market trend
FPM DEUTSCHE INVESTMENTAG TGV
As at: October 23, 2009

2. TOP 25 S
Combination stockpicking / market timing
Product idea
First external managed investment stock corporation (UCITS III) for the retail market
under German law. Motivated through the idea of developing a competitive product in
contrast to leveraged passive instruments.
Target
Combination of our successful stockpicking with an active overlay management with the
target to participate in every market situation.
Start
September 24, 2008; 9 days after Lehman-Brothers bankruptcy
FPM DEUTSCHE INVESTMENTAG TGV
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As at: October 23, 2009

3. TOP 25 S
Investment guidelines
The TOP 25 S aims to generate a positive return and targets a
significant outperformance relative to Germany’s DAX-Performance-
Index ®.
Investment universe: Germany, Austria und Switzerland
Category: Equity funds Europe
25 stocks
Systematic stop-loss
Derivatives strategy according to the FPM-Market-Indicator
The derivative strategy can cause a market contrarian, a leveraged or a neutral
positioning of the TOP 25 S.
Due to its composition and the techniques applied by its fund management, the TOP 25 S is subject
to markedly increased volatility, which means that the price per share may be subject to substantial
upward or downward fluctuation, even within short periods of time.
FPM DEUTSCHE INVESTMENTAG TGV
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As at: October 23, 2009

4. TOP 25 S
FPM-Market-Indicator
The management of the market risk alignment by derivatives occurs under
requirement of the in-house FPM-Market-Indicator, which aims to distinguish
future market trends.
Components
– Technical indicators, changes of macro data and correlations to historical market
trends
– Sentiment through regular on-site meetings with companies‘ management. We
analyse sentiment and evaluations of the company management.
FPM DEUTSCHE INVESTMENTAG TGV
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As at: October 23, 2009

5. TOP 25 S FPM-Market-Indicator
Methodology
Retrieve new trends in all markets and their impact of the German equity market.
Impacts of changes of economic data.
Continuous analysis of dependency between all asset classes.
Bond and debt markets: interest rates, credit-spreads
Commodities: input prices, margins, supply and demand, storage- and carrying costs
Currencies: actually and expected changes
Real estate: prices for commercial- and residential property
Evaluation of the monthly reports published by Deutsche Bundesbank
Historical correlation measurement of the prime equity markets to deduce a
possible market behavior for the future.
FPM DEUTSCHE INVESTMENTAG TGV
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As at: October 23, 2009

6. TOP 25 S FPM-Market-Indicator
Sentiment
On to one meetings
In the current year we had 287 personal meetings with 139
companies.
FPM DEUTSCHE INVESTMENTAG TGV
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As at: October 23, 2009

7. -150%
-125%
-100%
-75%
-50%
-25%
0%
25%
50%
75%
100%
125%
150%
TOP 25 S
27.10.2008
03.11.2008
10.11.2008
17.11.2008
24.11.2008
01.12.2008
08.12.2008
As at: October 23, 2009
15.12.2008
22.12.2008
- Cash
29.12.2008
05.01.2009
12.01.2009
19.01.2009
26.01.2009
- Shares
02.02.2009
09.02.2009
16.02.2009
23.02.2009
02.03.2009
09.03.2009
16.03.2009
23.03.2009
30.03.2009
06.04.2009
broker commissions kept very low.
- Investment degree
13.04.2009
20.04.2009
27.04.2009
04.05.2009
FPM DEUTSCHE INVESTMENTAG TGV
11.05.2009
18.05.2009
25.05.2009
01.06.2009
08.06.2009
15.06.2009
22.06.2009
29.06.2009
06.07.2009
13.07.2009
Historical investment degree
20.07.2009
27.07.2009
03.08.2009
10.08.2009
17.08.2009
24.08.2009
31.08.2009
07.09.2009
14.09.2009
21.09.2009
28.09.2009
05.10.2009
12.10.2009
19.10.2009
26.10.2009
The portfolio is due to the active management transaction intensive, with
0%
25%
50%
75%
-75%
-50%
-25%
100%
125%
150%
-150%
-125%
-100%
7

8. Monatliche Durchschnittswerte
Investitionsgrad / VAR (1Y Hist 99% 2 Weeks)
105%
100%
95%
90%
85%
80%
75%
70%
65%
60%
55%
50%
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
-5%
-10%
-15%
-20% Avg InvGrad mtl
-25% Avg VAR mtl
-30%
Okt 08 Nov 08 Dez 08 Jan 09 Feb 09 Mrz 09 Apr 09 Mai 09 Jun 09 Jul 09 Aug 09 Sep 09 Okt 09 Nov 09 Dez 09
FPM DEUTSCHE INVESTMENTAG TGV
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As at: October 23, 2009

9. TOP 25 S
Risk management
Daily:
Transaction list
Best execution and review of broker’s transactions
Risk measurement (e.g. value at risk)
Monthly:
Stress tests
Performance attribution analysis
All legal risk controls are daily managed by DWS Investment GmbH and State Street
Bank GmbH.
Performance attribution- and risk analysis are monthly done by DPG (Deutsche
Performancemessungs-Gesellschaft für Wertpapierportfolios mbH).
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As at: October 23, 2009

10. TOP 25 S
Comparison with other strategies
We chose the following equity-products to compare the TOP 25 S strategy:
DB X-Tracker Short DAX ETF (Ranked no. 1 equity funds Germany in 2008)
ISIN LU0292106241
FPM Funds Stockpicker
Germany ALL-Cap (Ranked no. 1 equity funds Germany in current year 2009)
ISIN LU0124167924
DWS Europa Innovation (Ranked no. 1 equity funds Europe in current year 2009)
ISIN DE0005152409
DAX-Performance-Index ® Benchmark for the TOP 25 S
FPM DEUTSCHE INVESTMENTAG TGV
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As at: October 23, 2009

11. TOP 25 S Comparison with other strategies
Convincing performance
60 % TOP 25 S
55 %
Performance As at
DB X-Tracker Short DAX
50 % since 25.09.2008 30.09.2009
FPM Funds Stockpicker Germany All-Cap
45 %
40 % DWS Europa Innovation
35 %
Deutscher Aktienindex DAX TOP 25 S + 24.12%
30 %
25 %
20 %
15 %
10 % DAX Short ETF - 9.46%
5%
0%
-5 %
FPM Funds
-10 % Stockpicker + 11.33%
-15 %
-20 %
All-Cap
-25 %
-30 %
-35 % DWS Europa + 0.33%
-40 %
-45 %
Innovation
-50 %
Sep. 08 Okt. 08 Nov. 08 Dez. 08 Jan. 09 Feb. 09 Mrz. 09 Apr. 09 Mai. 09 Jun. 09 Jul. 09 Aug. 09 Sep. 09 Okt. 09
DAX-
Performance- - 6.65%
In 8 out of 13 months the TOP 25 S has outperformed the DAX-Performance-Index ®.
Index ®
FPM DEUTSCHE INVESTMENTAG TGV
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As at: October 23, 2009

12. TOP 25 S
Overview
Funds category: Equity Funds Europe (UCITS III)
Distribution policy: distributed
Front-end-load: up to 5%
Management fee : 1.75% p.a. (plus success-related fee of 20% of the amount by which the
increase in value of TOP 25 S exceeds the performance of the DAX-Performance-
Index ®)
TER: 3.48% for the shortened financial year 24.09.2008 -31.03.2009
(means approx. 1.9% p. a.)
ISIN: DE0005152540
Benchmark: DAX-Performance-Index ®
Last Dividend: May 11, 2009: 3.00€ (tax free)
FPM DEUTSCHE INVESTMENTAG TGV
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As at: October 23, 2009

13. TOP 25 S
Fondsmanager TOP 25 S
FPM Frankfurt Performance Management AG
Thomas F. Seppi
Member of the managing board
Responsible fund manager,
Management of derivative strategy
Manfred Piontke und Martin Wirth
Members of the managing board and founder
Responsible fund manager,
Share selection / Stockpicking
FPM DEUTSCHE INVESTMENTAG TGV
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As at: October 23, 2009

14. Contact
Contact us
FPM Frankfurt Performance Management AG
Freiherr-vom-Stein-Str. 11
60323 Frankfurt am Main
Markus Dahlheimer
Phone: +49 (69) 79 58 86 – 27
Fax: +49 (69) 79 58 86 – 14
Thomas Dinges
E-Mail: fpm-funds@fpm-ag.de
Internet: www.fpm-ag.de
www.FPM-Deutsche-InvestmentAG.de
Tina Hofmann
FPM DEUTSCHE INVESTMENTAG TGV
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As at: October 23, 2009

15. TOP 25 S
Hinweise / Disclaimer:
– The information contained in this document does not constitute investment advice and is merely a brief summary of key
aspects of the funds. Further details, especially concerning the fund’s composition and risk profile, can be found in the
investment information. Full details of the funds can be found in the simplified or full sales prospectus, supplemented in
each case by the most recent audited annual report and the most recent half-year report, if this report is more recent than the
most recently available annual report. These documents constitute the sole binding basis for the purchase of fund units.
They are available free of charge in either electronic or printed form from FPM Frankfurt Performance Management AG (FPM
AG), Freiherr-vom-Stein-Str. 11, 60323 Frankfurt am Main, from DWS Investment GmbH, Mainzer Landstraße 178 – 190, D-
60327 Frankfurt am Main or from DWS Investment S. A., 2, Boulevard Konrad Adenauer, L-1115 Luxemburg. The sales
prospectus contains detailed information on the risks involved.
– The information given here is based on our assessment of the current legal and tax position. All opinions given in this
product information reflect the current assessment of FPM Frankfurt Performance Management AG which may change
without notice. In cases where information contained in this document derives from third parties, FPM AG accepts no liability
for the accuracy, completeness or appropriateness of such information, also FPM AG only uses data that it deems to be
reliable.
– Calculation of performance is based on the time-weighted return (BVI method) and excludes initial charges. Individual costs
such as fees, commissions and other charges have not been included in this presentation and would have an adverse
impact on returns if they were included. Past performance is not a reliable indicator of future returns. Further information on
taxation can be found in the simplified and full sales prospectuses.
– The units under these funds may only be offered for purchase or sold in jurisdictions in which such offer or sale is permitted.
– The units in these funds are not allowed to be offered for purchase or sold either in the US or to or for the account of US
citizens or US persons domiciled in the US. This document and the information contained therein must not be distributed in
the US. The distribution and publication of this document as well as the offering or sale of the fund’s units may be subject to
restrictions in other jurisdictions as well.
FPM Deutsche InvestmentAktiengesellschaft mit Teilgesellschaftsvermögen is an investment stock corporation with registered office in
Frankfurt/Main. It is registered at the Commercial Register of Local Court of Frankfurt/Main under HRB 83834. Solely purpose of the company
is the investment and management of its own funds in keeping with the principle of risk-spreading in assets with the sole objective being to give
the shareholders a share of the income from the management of the Investment Stock Corporation‘s assets. Members of the supervisory board
are: Markus Dahlheimer, Holger Naumann and Jens Große-Allermann. Members of the board are: Dorothee Wetzel and Thomas F. Seppi.
FPM DEUTSCHE INVESTMENTAG TGV
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As at: October 23, 2009