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    DWS RatePlus

    This is not an offer of securities or financial products, nor is it financial product advice. A Product Disclosure Statement for DWS RatePlus (PDS) is available by calling 1800 652 669. You should read the entire PDS before deciding whether to invest, or to continue to hold investments, in DWS RatePlus. The PDS is issued by Deutsche Asset Management (Australia) Limited ABN 63 116 232 154 AFSL 298626. National Australia Bank Limited ABN 12 004 044 937 AFSL 230686 has not caused or authorised the issue of the PDS and disclaims and takes no responsibility for any part of the PDS or this document except those statements which the PDS states that it has consented to. This is general information only. As this has been prepared without taking account of your objectives, financial situation and needs, you should consider its appropriateness having regard to your objectives, financial situation and needs and obtain your own independent advice from a qualified financial advisor. An investment in DWS RatePlus is not a deposit with or any other type of liability of Deutsche Bank AG, Deutsche Asset Management (Australia) Limited or any other member of the Deutsche Bank AG Group or of National Australia Bank Limited or any other member of the National Australia Group and the capital value of and performance of an investment in DWS RatePlus is not in any way guaranteed by Deutsche Bank AG, Deutsche Asset Management (Australia) Limited or any other member of the Deutsche Bank AG Group or (except to the extent specified in the PDS) of National Australia Bank Limited or any other member of the National Australia Group. Investments are subject to investment risk, including possible delays in repayment and loss of income and principal invested. It is important to consider the risks to which your investment is subject, some of which are outlined in the PDS.

    Why invest?

    DWS RatePlus offers you the peace of mind of a capital guarantee1 by National Australia Bank Limited (“National Australia Bank”) together with the potential for a higher return than traditional cash-like investments.

    DWS RatePlus (“RatePlus”) aims to provide an investment return (after fees) above the RBA cash rate regardless of market conditions.

    RatePlus provides exposure to a diverse range of interest rate and currency markets and benefits from access to unique global investment insights and disciplined risk management from Deutsche Asset Management’s worldwide network of experienced investment teams.

    It provides:
    • Potential for an annual distribution of income, which can be paid to you or reinvested.
    • A capital guarantee1 on maturity of your initial investment and also on any reinvested distributions.

    See ‘How does the guarantee work’ below for more information about how and when the capital guarantee applies.

    How does the guarantee work?

    Investment in the Fund is based on 12 month Investment Periods starting at the beginning of each quarter. Each class of Investment Period Units has its own Capital Guarantee Effective Date when the capital guarantee applies, as shown in the table below.

    Investment Period Units Investment Date Capital Guarantee Effective Date
    March Unit 1 April 31 March (following year)
    June Unit 1 July 30 June (following year)
    September Unit 1 October 30 September (following year)
    December Unit 1 January 31 December (following year)

    The NAB Capital Guarantee applies only after your funds are invested into Investment Period Units. Although investments in the Cash Class Units are not capital guaranteed, the assets of that class have the protection of being on deposit with the National Australia Bank. The capital guarantee only applies on the terms and conditions of the NAB Capital Guarantee. It is only applicable on the relevant Capital Guarantee Effective Date and does not apply if you redeem your investment early.

    When you invest, you will initially acquire Cash Class Units which invest in a National Australia Bank deposit account. Subject to certain discretion of the issuer, at the beginning of the next Investment Period your investment in Cash Class Units will end, and you can acquire Investment Period Units. On the Capital Guarantee Effective Date for any Investment Period Units you acquire, your initial capital invested, plus any reinvested income earned on your Cash Class Units, is guaranteed by the National Australia Bank

    On the Capital Guarantee Effective Date, should you choose to roll over your investment for another period, the full amount of your investment is guaranteed on the next Capital Guarantee Effective Date. Any reinvested income is also guaranteed on this date.

    You should read the current PDS for DWS RatePlus for details of the circumstances when the capital guarantee will and will not apply.

    Key Fund Details
    • Responsible Entity - Deutsche Asset Management (Australia) Limited ABN 63 116 232 154
    • Underlying investment strategy - Deutsche Asset Management’s integrated Global Alpha Platform (iGAP)
    • Objective - To provide an investment return above the RBA cash rate (after fees)
    • Minimum initial investment/account balance - $10,000
    • Minimum withdrawal - $5,000
    • Liquidity - Monthly
    • Capital Guarantee Provider - National Australia Bank Limited ABN 12 004 044 937, AFSL 230686
    • Management Costs – Cash Class Units 0.25% per annum. Investment Period Units: 0.50275% per annum. Although the DWS RatePlus does not charge any performance fees there are performance fees payable by the underlying investment strategy (iGAP). Please refer to the current PDS for DWS RatePlus for details of these.
    • Early Redemption Fee – 1% on redemptions other than on the applicable Capital Guarantee Effective Date

    How does the Fund invest?

    Investment Period Units invest in a Swap agreement (“the Swap”) between the Responsible Entity and Deutsche Bank AG.

    The Swap provides exposure to Deutsche Asset Management’s integrated Global Alpha Platform (iGAP). iGAP is a unique investment platform that aims to deliver positive returns in any market environment. iGAP has been in operation for over seven years.

    iGAP diversifies its investment across major interest rate and currency markets globally (eg, US, UK, Japan, EU and Australia), combining investment ideas from a number of Deutsche Asset Management’s global investment teams. This means that we are able to provide a high degree of investment diversification to help to protect your investment from the ups and downs of individual asset classes. iGAP also adopts the principle of ‘short selling’, which reduces the Fund’s exposure to the normal market risks associated with more traditional investments.

    1The nabCapital Guarentee applies only after your funds are invested into Investment Period Units. Although investments in the Cash Class Units are not capital guaranteed, the assets of that class have the protection of being on deposit with hte National Australia Bank.
    The capital guarantee only applies on the terms and conditions of the NAB Capital Guarantee. It is only applicable on the relevant Capital Guarantee Effective Date and does not apply if you redeem your investment early

    Applies only to Investment Period Units. See ‘How does the guarantee work?’ in the previous page for information about Cash Class Units and Investment Period Units.

    Offer Details
    The minimum initial investment is $10,000 per class.

    How to Apply
    Investors should obtain and consider the DSW RatePlus Product Disclosure Statement dated 31 October 2007 (“PDS”) for the offer in deciding whether the investment is appropriate for them and whether to acquire or hold units in DWS RatePlus.

    • To download a copy of the PDS, click here
    • To request a hard copy of the PDS to be mailed to you, click here
    • Call NAB on 1800 652 669;

    Applications for units may only be made by completing and returning the Application Form attached to, or accompanying, the PDS. Detailed instructions on how to complete the Application Form are set out in the PDS. The Application Form must be accompanied with payment (minimum application is $10,000). Payment must be in Australian currency and made by cheque.

    Further Information
    You must read the PDS in connection with the National Privacy Notification and Financial Services Guide.
    To download a copy of the PDS, click here
    To download the National Privacy Notification, click here
    To download a copy of the Financial Services Guide, click here

    You should read the PDS before deciding whether to acquire units in DWS Rate Plus and take such independent advice as you think necessary to ensure that you understand the terms and conditions and risks of your investment in DWS RatePlus issued by Deutsche Asset Management (Australia) Limited (ABN 63 116 232 154) an Australian Financial Services Licence holder.

    Important Notice

    Investments described in this website do not represent deposits with, or other liabilities of National Australia Bank Limited (ABN 12 004 044 937, AFS Licence 230686) (“NAB”) and are subject to investment risk, including possible delays in repayment and loss of income and invested principal. Other than as expressly set out in the NAB Capital Guarantee in the PDS, NAB does not, in any way, guarantee the capital value or performance of the investments or the performance of the issuer or the assets held by, or swaps entered into by, the issuer of the investments.

    This website is published solely for information purposes and is not an offer to sell, or solicitation of an offer or a recommendation to buy any financial product and is not intended to be a complete summary or statement of the investments described in it.

    This website is not a recommendation or a statement of opinion, or a report of either of those things, by NAB or any of its any of its related entities, associates, officers, employees or agents. This website has been prepared without taking into account any particular person’s objectives, financial situation or needs, does not purport to identify the nature of specific market or other risks associated with any investments described within it, and does not constitute any legal, taxation, investment or accounting advice. Before making any investment a person should consider the appropriateness of that investment, having regard to their objectives, financial situation and needs. All information in this website is indicative, is based on certain assumptions and current market conditions and is subject to change without notice. No information contained in this website constitutes a prediction or forecast as to the performance of any investments. Any historical information contained in this website is provided by way of illustration only, past performance is not a guide to future performance and actual performance may differ materially. Assumptions upon which financial illustrations are based may differ from actual circumstances. No reliance should be placed on the information in this website and any investment decision should be based only on the information in the final transaction documents, the information in which will be more extensive than, and which may differ significantly from, the information contained in this website.

    Provision of this website does not cause NAB or any of its any of its related entities, associates, officers, employees or agents to become the financial advisor or fiduciary to the recipient. Each recipient of this website must make its own independent assessment and investigation of the terms of issue of the investments described in this website, and the risks and benefits in connection with those investments as it considers appropriate. Each recipient of this website should obtain independent legal, taxation, investment, financial and accounting advice specific to their situation. Each prospective investor in the investments described in this website must base any decision to subscribe for or purchase investments solely upon such independent assessment, investigation and independent advice.
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