Fact sheet - Tax-Exempt Portfolio - DWS Investments

Money Market
Tax-Exempt Portfolio
Share class: DWS Tax-Free Money Fund-S I 147539639 I DTCXX DWS Tax-Exempt Money Fund I 147539647 I DTBXX 4th quarter 2013
Objective
The portfolio seeks to provide maximum
current income that is exempt from federal
income taxes to the extent consistent with
stability of capital.
Strategy
The portfolio pursues its objective by
investing in high quality, short-term
municipal obligations, is managed in
accordance with Rule 2a-7 under the
Investment Company Act of 1940 (as
amended), and follows policies designed to
maintain a stable share price:
• Portfolio securities are denominated in
U.S. dollars and have remaining maturities
of 397 days (about 13 months) or less at
the time of purchase. The portfolio may
invest in securities that have certain
maturity shortening features (such as
interest rate resets and demand features)
that have the effect of reducing their
maturities to 397 days or less at the time of
purchase.
• The portfolio maintains a dollar-weighted
average maturity of (i) 60 days or less and
(ii) 120 days or less determined without
regard to interest rate resets.
• The portfolio buys short-term municipal
obligations that the Advisor determines
present minimal credit risks
Features
A group of investment professionals is
responsible for the day-to-day management
of the fund. These investment professionals
have a broad range of experience in
managing money market funds.
• Experienced team of portfolio managers,
credit analysts and client investment
specialists
• Managing liquidity strategies for more
than 25 years
• Diverse line-up of products and services
• Same-day liquidity
• Competitive yields
• Global liquidity management resources
• Rigorous risk management and
compliance controls
• Convenient on-line account access
Average annual total returns* (as of 12/31/13)
Share class
DWS Tax-Free Money
Fund-S
DWS Tax-Exempt
Money Fund
iMoneyNet Tax-Free
National Retail
category average 1
YTD
0.04%
0.04%
0.02%
Historical total returns (as of 12/31/13)
DWS Tax-
Free
Money
Fund-S
2013
0.04%
2012
0.02%
2011
0.06%
1-year
0.04%
0.04%
0.02%
2010
0.10%
3-year
0.04%
0.04%
0.02%
2009
0.38%
5-year
0.12%
0.13%
0.05%
2008
2.15%
10-year
1.24%
1.27%
1.04%
2007
3.45%
Life of fund
2006
3.19%
1.51%
1.54%
n/a
2005
2.16%
Inception
3/19/07
3/19/07
n/a
2004
0.97%
Performance is historical and does not guarantee future results. Investment return and principal value
fluctuate with changing market conditions so when redeemed, shares may be worth more or less than
the original cost. Current performance may be lower or higher than the performance data quoted. The
yield quotation more closely reflects the current earnings of the fund than the total return quotation.
Please visit www.dws-investments.com for the fund’s most recent month-end performance. An
investment in this fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or by
any other government agency. Although the fund seeks to preserve the value of your investment at $1.00
per share, this share price isn't guaranteed and you could lose money by investing in the fund. The share
price of money market funds can fall below the $1.00 share price. You should not rely on or expect the
Advisor to enter into support agreements or take other actions to maintain the fund’s $1.00 share price.
The credit quality of the fund’s holdings can change rapidly in certain markets, and the default of a single
holding could have an adverse impact on the fund’s share price. The fund’s share price can also be
negatively affected during periods of high redemption pressures and/or illiquid markets. The actions of a
few large investors in one class of shares of the fund may have a significant adverse effect on the share
prices of all classes of shares of the fund. See the fund’s prospectus for specific details regarding its risk
profile. Performance includes reinvestment of all distributions. Index returns may include fees and/or
expenses. It is not possible to invest directly in an index. While all share classes have the same underlying
portfolio, their performance will differ. Not all share classes are available to all investors.
* The fund began operations as the DWS Tax-Exempt Cash Institutional Shares on 11/17/99. All share class prior to
inception reflect the performance of DWS Tax-Exempt Cash Institutional Share, adjusted for higher operating
expenses.The gross expense ratio is 0.23% for DWS Tax-Exempt Money Fund shares and 0.26% for DWS Tax-Free Money
Fund-S shares.
Yield Information (as of 12/31/13)
Current 7-day yield (Non-subsidized)
Compound 7-day yield (Non-subsidized)
Simple 30-day yield (Non-subsidized)
DWS Tax-Free Money
Fund-S
0.01%
0.01%
0.01%
DWS Tax-Exempt Money
Fund
0.01%
0.01%
0.01%
Yields are historical, will fluctuate and are not guaranteed. The yield quotation more closely reflects the current earnings
of the fund than the total return quotation. The 7-day yield quotation more closely reflects the current earnings of the fund
than the total return quotation. Money market 7-day current yield is the annualized net investment income per share for
the period shown. The compound yield is calculated similarly but when annualized, the income earned by an investment
in the fund is assumed to be reinvested.
The Simple 30-day yield is the net investment income per share earned over the month ended 12/31/13, shown as an
annualized percentage of net asset value on that date. For current yield information, visit our website at www.dwsinvestments.com
or call (800) 728-3337.

Tax-Exempt Portfolio
Money Market
Portfolio and risk statistics 2 (12/31/13)
Number of holdings
134
Total net assets
$2.10 billion
Growth of a $1 million investment in Class INST shares from 12/31/03 to 12/31/13
(in thousands)
$1,200
$900
$600
$300
$1,137,526
Top 10 holdings (12/31/13)
Puerto Rico 4.50%
Tennessee 3.80%
Idaho
3.60%
Clark County, NV 2.90%
District of 2.70%
Columbia
New York 2.60%
Nuveen Premier 2.50%
Income
Municipal Fund
2, Inc.
Puerto Rico 2.00%
San Bernardino 2.00%
County, CA
RBC Municipal 1.90%
Products, Inc.
Other
71.50%
12/03 12/05
12/07
12/09
12/11
12/13
Source: Deutsche Asset & Wealth Management.
A minimum investment of $1 million is required to open an account for Institutional shares.
Performance is historical and does not guarantee future results.
Security type (12/31/13)
Variable rate demand
notes
Municipal bonds
Tax-exempt
commercial paper
CP mode bonds
3%
Municipal put bonds 1%
14%
9%
72%
1
The iMoneyNet Tax-Free National Retail category includes all retail national and state tax-free and municipal money funds. Portfolio holdings of tax-free funds include rated and
unrated demand notes, rated and unrated general market notes, commercial paper, put bonds - 6 months & less, put bonds - over 6 months, alternative minimum tax paper and other
tax-free holdings. Consists of all funds in the National Tax-Free Retail and State-Specific Retail categories.
2
Total Net Assets refers to total net assets of all securities in the portfolio, including cash and equivalents.
This information must be preceded or accompanied by a summay prospectus, if available, or prospectus. We advise you to carefully
consider the product’s objectives, risks, charges and expenses before investing. The summary prospectus and prospectus contains this
and other important information about the investment product. Please read the prospectus carefully before you invest. For more
information, please call (800) 728-3337.
Investment products: No bank guarantee I Not FDIC insured I May lose value
Deutsche Asset & Wealth Management represents the asset management and wealth management activities conducted by Deutsche Bank AG or any of its
subsidiaries. Clients will be provided Deutsche Asset & Wealth Management products or services by one or more legal entities that will be identified to clients
pursuant to the contracts, agreements, offering materials or other documentation relevant to such products or services.
DWS Investments Distributors, Inc.
222 South Riverside Plaza, Chicago, IL 60606-5808 I www.dws-investments.com I service@dws.com I Tel (800) 621-1148
© 2014 Deutsche Bank AG. All rights reserved. (1/14) R-2985-10 CAT-FACT