Notes to Financial Statements (Unaudited)
A. Significant Accounting Policies
DWS Select Alternative Allocation Fund (the "Fund") is a diversified series of DWS Equity Trust (the "Trust")
which is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end
management investment company organized as a Massachusetts business trust. The Fund invests in a combination
of other DWS funds, certain other securities and derivative instruments. The Fund may also invest in securities of
Exchange Traded Funds ("ETFs"). ETFs and DWS Funds are collectively referred to as ("Underlying Funds").
Each Underlying Fund's accounting policies and investment holdings are outlined in the Underlying Funds'
financial statements and are available upon request.
The Fund offers multiple classes of shares which provide investors with different purchase options. Class A
shares are offered to investors subject to an initial sales charge. Class C shares are offered to investors without an
initial sales charge but are subject to higher ongoing expenses than Class A shares and a contingent deferred sales
charge payable upon certain redemptions within one year of purchase. Class S shares are not subject to initial or
contingent deferred sales charges and are generally not available to new investors except under certain
circumstances. Institutional Class shares are offered to a limited group of investors, are not subject to initial or
contingent deferred sales charges and have lower ongoing expenses than other classes.
Investment income, realized and unrealized gains and losses, and certain fund-level expenses and expense
reductions, if any, are borne pro rata on the basis of relative net assets by the holders of all classes of shares,
except that each class bears certain expenses unique to that class such as services to shareholders, distribution
and service fees and certain other class-specific expenses. Differences in class-level expenses may result in
payment of different per share divi