DWS Funds ESG Garant/  LU2334589889  /

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 objective of the investment policy is to seek appreciation of capital in euro. To achieve this, the fund pursues a dynamic capital preservation strategy. Depending on the market situation and the assessment of the fund management, the investments are switched between higher-risk investments (growth component) and lower-risk investments (capital preservation component). Higher-risk investments are, for example, equities, equity funds, higher-risk bonds and higher-risk bond funds. Lower-risk investments are, for example, bond/money market funds or lower-risk bonds. The objective is to ensure a minimum value for the share price while at the same time benefiting to the greatest possible extent from price increases as well as from positive returns in the growth component. The fund's assets may, at the discretion of the fund management, also be fully invested in either the growth component or the capital preservation component. The fund may additionally use derivatives (financial instruments whose value depends on the performance of one or more underlyings, e.g., a security, index or interest rate) in order to protect against extreme losses within a very short period of time. When selecting the suitable investments and in addition to financial strength, environmental and social factors as well as the principles of corporate governance ("ESG criteria") that are of key importance for the investment strategy are taken into account. In that context, the fund management is responsible for selecting individual investments.

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.