DB ESG Balanced SAA (USD)LC/  LU2132882536  /

The fund is actively managed. The fund is not managed in reference to a benchmark. The fund promotes environmental and social characteristics and is subject to the disclosure requirements of a financial product in accordance with article 8(1) of Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector. More ESG information is available in the sales prospectus and on the DWS website. The investment objective of the Fund is to achieve a mid to long-term capital growth. In order to achieve the investment objective, the Fund will seek to gain exposure to three primary asset class portfolios diversified among and within themselves, being a Fixed Income Portfolio, an Equity Portfolio and an Alternatives Portfolio. The Fund's investments will be allocated to the portfolios in the proportions determined at the discretion of the Investment Manager, DWS Investment GmbH, on the basis of advice received from the Investment Advisor, the wealth management division of Deutsche Bank AG. In order to advise the Investment Manager, the Investment Advisor uses a strategic asset allocation approach, taking into account expected return, volatility and correlation in each portfolio. The Investment Advisor aims to suggest an allocation to provide the opportunity for a mid to long-term capital growth.The expected range of allocations for a "balanced" portfolio is a) Fixed Income Portfolio: up to 75%, b) Equity Portfolio: 25-60%, and c) Alternatives Portfolio: 0- 15%. The Fund will also aim to weight each of the Portfolios towards exposure to USD denominated assets, such that the Fund has a US focus.

The fund is actively managed. The fund is not managed in reference to a benchmark. The fund promotes environmental and social characteristics and is subject to the disclosure requirements of a financial product in accordance with article 8(1) of Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector. More ESG information is available in the sales prospectus and on the DWS website. The investment objective of the Fund is to achieve a mid to long-term capital growth.