Fund Description

The fund was incepted in December 1998 and is managed by Deutsche Asset Management. The fund seeks a high level of current income while seeking to maintain a stable value per share. The fund invests for current income; capital appreciation is not a goal of the fund. While the fund managers give priority to earning income and maintaining the value of the fund's principal, they cannot offer any assurance of achieving this goal. The fund seeks current income that is higher than that of money market funds by investing in fixed income securities with varying maturities and maintaining an average portfolio duration of 2.5 to 4.5 years. In addition, the fund enters into Wrapper Agreements designed to stabilize the fund's share value. Wrapper Agreements are provided by financial institutions, such as insurance companies and banks. In an attempt to enhance return, the fund also employs a global asset allocation strategy, which invests in instruments across domestic and international fixed income and currency markets. Dividends, if any, declared daily and paid monthly. Long-term and short-term capital gains are paid annually.