DWS Strategic ESG Allocation Dynamic RC/  LU2001265565  /

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 achieve a positive mid- to long-term investment performance taking into account the opportunities and risks of the international capital markets. In order to achieve this, the sub-fund invests predominantly in Exchange Traded Funds. Moreover, the sub-fund may invest in interest-bearing securities, in equities, in certificates on, for example, equities, bonds, indices, commodities and precious metals, in convertible bonds, in warrant-linked bonds whose underlying warrants relate to securities, in equity warrants, in participation and dividend-right certificates, in derivatives, in funds as well as in money market instruments, deposits and cash. The sub-fund's investments in asset backed securities and mortgage backed securities shall be limited to 20% of the sub-fund's net asset value. Up to 10% of the sub-fund's assets may be invested in certificates on commodities, commodities indices, precious metals and precious metals indices. The fund targets an annualized volatility between 10% and 15% over a rolling 5-year period. However, it cannot be guaranteed that the volatility range will be met at any time. When selecting suitable investments, environmental and social aspects and the principles of good corporate governance (ESG criteria) are taken into consideration. These aspects are of essential importance for the investment strategy. In this context, the selection of individual investments is the responsibility of the fund management.

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.