DWS Fund Reporting

Edition August 2021 Legal Disclaimer

Please note that the information from Morningstar and Lipper Leaders relates to the previous month.

Morningstar Overall Rating™

© 2021 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Lipper Leaders

© 2021 Lipper - Thomson Reuters Lipper. All rights reserved. Any copying, republication or redistribution of Lipper content is expressly prohibited without the prior written consent of Lipper. Neither Lipper, other members of the Thomson Reuters group, nor its data providers shall be liable for any errors or delays in the content or for any actions taken in reliance thereon. Lipper performance rankings are calculated using data available at the time of calculation and may not represent all the funds tracked by Lipper. The presentation of performance data does not constitute a recommendation to buy or sell a fund or an investment recommendation for a specific market segment. Lipper analyzes the past performance of funds. Past results are no guarantee for the future performance of an investment fund. Lipper and the Lipper logo are registered trademarks of Thomson Reuters.

Lipper Leaders Rating System - Ratings from 1 (lowest) to 5 (highest)

First digit = Total Return; second digit = Consistent Return; third digit = Preservation; fourth digit = Expense

Important Notice

When the custodian sets the price on the last trading day of the month there can be a difference of up to ten hours between the times at which the fund price and the benchmark are calculated. In the event of strong market movements during this period, this may result in the over- or understatement of the Fund's performance relative to the benchmark at the end of the month (this is referred to as the “pricing effect”).

DWS is the brand name under which DWS Group GmbH & Co. KGaA and its subsidiaries operate their business activities. Clients will be provided DWS 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.

The information contained in this document does not constitute investment advice.

Complete information on the Fund including risks can be found in the relevant prospectuses in its prevailing version. This and the relevant key investor information document constitute the only binding sales documents for the Fund. Investors can obtain these documents along with the latest published annual and semi-annual reports in English from DWS Investment GmbH, Mainzer Landstraße 11-17, 60329 Frankfurt am Main and, in case of Luxembourg domiciled Sub-Funds, from DWS Investment S.A., 2, Boulevard Konrad Adenauer, L-1115 Luxembourg in printed form free of charge or download them from www.dws.com. The Investment Company may decide to terminate the arrangements made for the marketing of this fund.

All statements of opinion reflect the current assessment of DWS Investment GmbH and are subject to change without notice.

Forecasts are not a reliable indicator of future performance. Forecasts are based on assumptions, estimates, opinions and hypothetical performance analysis, therefore actual results may vary, perhaps materially, from the results contained here.

Past performance, is not a reliable indication of future performance.

The calculation of performance uses the BVI (Bundesverband Investment and Asset Management) method and therefore does not take the Upfront Sales Charge into account. Individual costs such as fees and other charges, which would have a negative impact on the performance, have not been taken into account. Past performance, is not a reliable indication of future performance. The gross-performance calculated (BVI method) takes all costs on the Fund level into consideration (e.g. Management Fee), the net-performance takes in addition the Upfront Sales Charge into consideration; further costs such as e.g. Custodian Fee may arise which are not taken into consideration in the calculation.

For relevant tax information consult the respective prospectus.

The information contained in this document does not constitute a financial analysis but qualifies as marketing communication. This marketing communication is neither subject to all legal provisions ensuring the impartiality of financial analysis nor to any prohibition on trading prior to the publication of financial analyses.

According to the information in the sales prospectus distribution of the products mentioned in this document is subject to restrictions of the relevant jurisdictions. This document and the information contained herein may only be distributed and published in jurisdictions in which such distribution and publication is permissible in accordance with applicable law in those jurisdictions. Direct or indirect distribution of this document is prohibited in the USA as well as to or for the account of US persons and persons residing in the USA.

DWS Investment GmbH, 2021

Page 2 Table of Contents

Equity Funds Germany DWS Deutschland 6 Europe DWS Invest Top Euroland 11 Europe - Regions/Countries DWS Invest CROCI Euro 16 DWS Invest CROCI Europe SDG 20 Global DWS Akkumula 25 DWS Global Growth 29 DWS Invest CROCI Global Dividends 33 DWS Invest CROCI World 37 DWS Invest CROCI World SDG 41 DWS Invest Top Dividend 45 DWS Top Dividende 49 DWS Vermögensbildungsfonds I 53 USA DWS Invest CROCI US 58 DWS Invest CROCI US Dividends 62 Asia DWS ESG Top Asien 67 DWS Invest CROCI Japan 71 DWS Invest Top Asia 75 Emerging Markets DWS Invest Africa 80 DWS Invest Chinese Equities 84 DWS Invest ESG Emerging Markets Top Dividend 88 DWS Osteuropa 92 Sectors/Categories DWS Invest CROCI Sectors 96 DWS Invest Global Agribusiness 100 Bond Funds EUR DWS Covered Bond Fund 105 DWS ESG Zinseinkommen 109 DWS Invest ESG Euro Bonds (Short) 113 DWS Invest Global Bonds 117 Emerging Markets/ High Yield Corporate Bonds DWS Invest China Bonds 123 DWS Invest Emerging Markets Corporates 127 Corporate Bonds DWS Invest Euro Corporate Bonds 132 Short-term EUR Page 3 Table of Contents

DWS Floating Rate Notes 137 Money Market Money Market Fund DWS Institutional ESG Euro Money Market Fund 141 Balanced Funds Flexible DWS Sachwerte 145 Convertible Bonds DWS ESG Convertibles 150 DWS Invest Convertibles 154 Multi-Asset-funds DWS Vermögensmandat-Balance 159 DWS Vermögensmandat-Defensiv 163 DWS Vermögensmandat-Dynamik 167 Guarantee Funds DWS Garant 80 FPI 172 Total Return Strategies DWS Concept Kaldemorgen 176

Page 4 Equity Funds

Germany Marketing Material Factsheet: DWS Deutschland

Equity Funds - Germany

August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance - Share Class LC (in %) The Fund invests in solid German blue chips from the DAX index, while making flexible investments in selected small caps and mid caps.

Fund Benchmark (since 30/08/2001): CDAX (RI) Calculation of performance is based on the time-weighted return and excludes front-end fees. Individual costs such as fees, commissions and Fund Management's Comment other charges have not been included in this presentation and would have an adverse impact on returns if they were included. Past performance is not a reliable indicator of future returns. You can find the Fund management's detailed commentary in DWS Flagship Fund Reporting and on the individual pages of the factsheets. Cumulative performance (in %) - share class LC 1 m 1 y 3 y 5 y s. Inception YTD 3 y avg 5 y avg 2017 2018 2019 2020

EUR 3.2 27.1 18.5 45.6 913.5 15.2 5.8 7.8 18.9 -24.2 24.2 4.6 BM IN EUR 1.9 23.5 26.7 53.9 653.4 15.5 8.2 9.0 16.0 -18.1 25.1 4.8

Further Characteristics (3 years) / VAR (1 year) - share class LC Volatility 25.59% Maximum Drawdown -30.33% VAR (99%/10 days) 15.79% Sharpe Ratio 0.24 Information Ratio -0.36 Correlation Coefficient 0.99 Alpha -3.94% Beta 1.22 Tracking Error 6.17%

Portfolio Analysis Breakdown by Sector (Equities) (in % of fund volume) Principal Holdings (Equities) (in % of fund volume) Portfolio Breakdown according to MSCI SAP SE (Information Technology) 8.3 Industrials 22.4 Siemens AG (Industrials) 8.1 Consumer Discretionary 18.6 Allianz SE (Financials) 5.9 Information Technology 17.3 BASF SE (Materials) 5.8 Materials 12.2 Financials 11.7 Deutsche Post AG (Industrials) 5.7 Health Care 9.4 Daimler AG (Consumer Discretionary) 5.2 Communication Services 5.0 Infineon Technologies AG (Information Technology 4.5 Morningstar Style-Box™ Utilities 1.8 Adidas AG (Consumer Discretionary) 4.0 Consumer Staples 1.2 Market Capitalization Deutsche Telekom AG (Communication Services) 3.8 Real Estate 0.7 Large Volkswagen AG (Consumer Discretionary) 3.4 Total 54.7

Mid Gross weighting, not adjusted for derivative positions. Gross weighting, not adjusted for derivative positions.

Small Breakdown by Currency (in % of fund volume) Asset Allocation (in % of fund volume) Euro 100.0 Equities 100.3 Value Growth Cash and other assets -0.3 Blend Future Long 26.3 Investment Style

Morningstar Category™ Germany Equity

Ratings (As at: 30/07/2021) Morningstar Overall Rating™: «««

Lipper Leaders: Incl. forward exchange transactions, negative and positive figures reflect expected currency developments.

Note: The key terms are explained in the glossary. Page 1 / 4 6 Marketing Material Factsheet: DWS Deutschland

Equity Funds - Germany

August 2021 As at 31/08/2021

Portfolio Analysis Market Capitalization (in % of fund volume)

> 10 Bn. 85.1 > 5 Bn. < 10 Bn. 6.0 > 1 Bn. < 5 Bn. 7.6 < 1 Bn. 1.7

Gross weighting, not adjusted for derivative positions. The calculation is based on Euro.

Key Figures regarding the Fund's Assets Number of Shares 43 Dividend Yield (in %) 2.2 Ø Market Cap 59,164.1 Mio. EUR

Cumulative performance (in %) 1 m 1 y 3 y 5 y s. YTD 3 y avg 5 y avg 2017 2018 2019 2020 Inception

FC 3.2 27.9 20.6 50.1 69.3 15.7 6.4 8.5 19.6 -23.8 24.9 5.2 GLC 3.2 27.7 19.9 -- 10.6 15.5 6.2 ------24.6 4.8 GTFC 3.2 28.4 21.7 -- 17.9 15.9 6.8 ------25.3 5.4 IC 3.2 28.1 21.3 51.6 57.7 15.8 6.7 8.7 19.9 -23.6 25.2 5.4 LC 3.2 27.1 18.5 45.6 913.5 15.2 5.8 7.8 18.9 -24.2 24.2 4.6 LD 3.2 27.1 18.5 -- 22.1 15.2 5.8 -- -- -24.2 24.2 4.6 TFC 3.2 27.9 20.6 -- 16.9 15.7 6.5 ------24.9 5.2 TFD 3.2 27.9 20.6 -- 16.9 15.7 6.4 ------24.9 5.2

Page 2 / 4 7 Marketing Material Factsheet: DWS Deutschland

Equity Funds - Germany

August 2021 As at 31/08/2021

Fund Data Portfolio Manager Tim Albrecht Assets 4,380.2 Mio. EUR Portfolio Manager since 01/07/2002 Fund Currency EUR Portfolio Management Company DWS Investment GmbH Launch Date 20/10/1993 Portfolio Management Location Germany Fiscal Year End 30/09/2021 Management Company DWS Investment GmbH Investor profile Growth-oriented Legal Structure Fund Custodian State Street Bank International GmbH Share Classes Share Cur. ISIN Code German Earnings Front-end Load Issue Price Redemption Interim Gains All-in-Fee Running costs / plus Minimum Class Sec. Code Price TER performance- Invest- related fee ment Amount

FC EUR DE000DWS2F23 DWS 2F2 Accumulation 0.00% 289.51 289.51 0.800% 0.80% (1) -- 2,000,000 GLC EUR DE000DWS2S28 DWS 2S2 Accumulation 5.00% 284.76 271.19 1.400% 1.40% (1) -- -- GTFC EUR DE000DWS2S36 DWS 2S3 Accumulation 0.00% 117.92 117.92 0.800% 0.80% (1) -- -- IC EUR DE000DWS2GT0 DWS 2GT Accumulation 0.00% 293.00 293.00 0.600% 0.60% (1) -- 25,000,000 LC EUR DE0008490962 849 096 Accumulation 5.00% 294.51 280.48 1.400% 1.40% (1) -- -- LD EUR DE000DWS2F15 DWS 2F1 Distribution 5.00% 290.91 277.05 1.400% 1.40% (1) -- -- TFC EUR DE000DWS2R94 DWS 2R9 Accumulation 0.00% 116.91 116.91 0.800% 0.80% (1) -- -- TFD EUR DE000DWS2SA5 DWS 2SA Distribution 0.00% 112.46 112.46 0.800% 0.80% (1) -- -- (1) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 30/09/2020. They are subject to change from year to year. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

DWS Investment GmbH Because of its composition or the techniques used by its managers, the fund is subject to heightened volatility. Consequently, unit prices may Mainzer Landstraße 11-17 fluctuate sharply in either direction within short periods of time. 60329 Frankfurt am Main Tel.: +49 (0) 69 / 910 - 12371 Please note that not all share classes and subfunds respectively are registered in every country. Units issued by Deutsche Invest SICAV may only be sold or offered for sale in jurisdictions in which such offer or sale is permitted. Fax: +49 (0) 69 / 910 - 19090

Internet: www.dws.com Figures subject to audit. The current sales prospectus which is legally binding for the purchase of fund units is available from your financial E-Mail: [email protected] consultant or DWS Investment GmbH. The sales prospectus contains detailed information about risk. Evaluations made in this report may change at any time whithout prior announcement. These statements are based on our assessment of the current legal and tax information.

Page 3 / 4 8 Factsheet: DWS Deutschland

Equity Funds - Europe

Opportunities In accordance with the investment policy.

Risks • The fund invests its assets in selected regions or sectors. This increases the risk that the fund may be negatively influenced by the economic and political conditions in the respective regions or sectors. • The fund invests in equities. Equities are subject to strong price fluctuations and thus also to the risk of price decreases. • Due to its composition/the techniques used by the Fund management, the investment fund has elevated volatility, i.e. the share price may be subject to significant fluctuations up or down within short periods of time. The share value may fall below the purchase price at which the customer acquired the share at any time.

Important note on the investor profile:

Investor profile: Growth-oriented The sub-fund is designed for growth-oriented investors who wish to achieve capital appreciation primarily through equity gains and exchange rate movements. Expected earnings are offset by high equity, interest rate and currency risks as well as creditworthiness risks and the possibility of heavy losses of the invested capital, up to the total amount invested. The investor is willing and able to bear such a financial loss, and does not prioritize capital preservation.

The Company provides additional information relating to the profile of the typical investor or target customer group for this financial product to distribution agents and distribution partners. If the investor is advised on the acquisition of units by the Company's distribution agents or distribution partners, or if they act as brokers in the purchase of units, they may also provide the investor additional information that also relates to the profile of the typical investor.

Supplementary information on the target market and product costs resulting from the implementation of the MiFID2 Directive and made available to distribution agents by the capital management company can be obtained in electronic form from the Company's website at www.dws.com.

Page 4 / 4 9 Equity Funds

Europe Marketing Material Factsheet: DWS Invest Top Euroland

Equity Funds - Europe

August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance - Share Class LC(EUR) (in %) At least 75% of Subfund assets are invested in equities whose issuers’ registered office is in a member state of the European Economic and Monetary Union (EMU). In its search for the current and future market leaders, Fund management may make investments in large caps, mid caps and small caps, although the focus is on large caps. Around 40 to 60 stocks are included in the portfolio that Fund management considers to have above- average earnings potential.

Fund Benchmark: EURO STOXX 50 (RI) ab 1.9.09 Calculation of performance is based on the time-weighted return and excludes front-end fees. Individual costs such as fees, commissions and Fund Management's Comment other charges have not been included in this presentation and would have an adverse impact on returns if they were included. Past performance is not a reliable indicator of future returns. You can find the Fund management's detailed commentary in DWS Flagship Fund Reporting and on the individual pages of the factsheets. Cumulative performance (in %) - share class LC(EUR) 1 m 1 y 3 y 5 y s. Inception YTD 3 y avg 5 y avg 2017 2018 2019 2020

EUR 1.6 29.3 39.3 64.7 179.0 18.2 11.7 10.5 10.0 -16.7 33.0 7.0 BM IN EUR 2.6 30.5 32.2 56.2 125.8 19.3 9.7 9.3 9.2 -12.5 29.0 -2.8

Further Characteristics (3 years) / VAR (1 year) - share class LC(EUR) Volatility 19.90% Maximum Drawdown -22.81% VAR (99%/10 days) 9.48% Sharpe Ratio 0.59 Information Ratio 0.33 Correlation Coefficient 0.96 Alpha 2.14% Beta 0.96 Tracking Error 5.35%

Portfolio Analysis Breakdown by Sector (Equities) (in % of fund volume) Principal Holdings (Equities) (in % of fund volume) Portfolio Breakdown according to MSCI ASML Holding NV (Information Technology) 9.7 Information Technology 23.3 LVMH Moet Hennessy Vuitton SE (Consumer Disc 6.2 Consumer Discretionary 16.0 Linde PLC (Materials) 4.4 Industrials 15.4 Allianz SE (Financials) 4.1 Financials 13.7 Materials 10.1 BNP Paribas (Financials) 4.0 Utilities 6.1 Deutsche Post AG (Industrials) 3.9 Consumer Staples 3.8 L'Oreal SA (Consumer Staples) 3.8 Morningstar Style-Box™ Health Care 3.8 Iberdrola SA (Utilities) 3.7 Communication Services 2.9 Market Capitalization SAP SE (Information Technology) 3.7 Energy 1.6 Large AXA SA (Financials) 3.2 Total 46.7

Mid Gross weighting, not adjusted for derivative positions. Gross weighting, not adjusted for derivative positions.

Small Breakdown by Country (Equities) (in % of fund volume) Asset Allocation (in % of fund volume)

Germany 38.7 Equities 96.8 Value Growth France 28.3 Cash and other assets 3.2 Blend Netherlands 15.1 Investment Style Italy 4.8 Spain 3.7 Morningstar Category™ Ireland 3.4 Eurozone Large-Cap Equity Finland 1.6 Switzerland 1.2 Ratings (As at: 30/07/2021) Morningstar Overall Rating™: ««««

Lipper Leaders: Gross weighting, not adjusted for derivative positions.

Note: The key terms are explained in the glossary. Page 1 / 4 11 Marketing Material Factsheet: DWS Invest Top Euroland

Equity Funds - Europe

August 2021 As at 31/08/2021

Portfolio Analysis Breakdown by Currency (in % of fund volume) Market Capitalization (in % of fund volume)

Euro 100.0 > 10 Bn. 93.7 > 5 Bn. < 10 Bn. 3.1

Incl. forward exchange transactions, negative and positive figures reflect expected Gross weighting, not adjusted for derivative positions. The calculation is based on currency developments. Euro.

Key Figures regarding the Fund's Assets Number of Shares 39 Dividend Yield (in %) 1.6 Ø Market Cap 103,469.8 Mio. EUR

Cumulative performance (in %) 1 m 1 y 3 y 5 y s. YTD 3 y avg 5 y avg 2017 2018 2019 2020 Inception

FC(EUR) 1.7 30.3 42.4 71.0 227.4 18.8 12.5 11.3 10.8 -16.1 34.0 7.8 FD(EUR) 1.7 30.3 42.4 70.9 85.2 18.8 12.5 11.3 10.8 -16.1 34.0 7.8 GBP D RD(GBP) 2.5 24.8 35.9 72.0 96.4 12.6 10.8 11.5 15.4 -14.6 26.3 14.3 IC(EUR) 1.7 30.7 43.7 73.5 85.9 19.0 12.8 11.6 11.1 -15.8 34.4 8.1 LC(EUR) 1.6 29.3 39.3 64.7 179.0 18.2 11.7 10.5 10.0 -16.7 33.0 7.0 LD(EUR) 1.6 29.3 39.3 64.7 178.8 18.2 11.7 10.5 10.0 -16.7 33.0 7.0 NC(EUR) 1.6 28.4 36.4 59.0 143.6 17.6 10.9 9.7 9.2 -17.3 32.0 6.2 SGD LCH (P)(SGD) 1.7 30.4 44.8 75.6 79.5 18.7 13.1 11.9 11.5 -15.4 35.7 7.8 TFC(EUR) 1.7 30.3 42.4 -- 43.9 18.8 12.5 -- -- -16.1 34.0 7.8 TFD(EUR) 1.7 30.3 42.4 -- 43.9 18.8 12.5 -- -- -16.1 34.0 7.8 USD FCH(USD) 1.7 31.8 51.5 88.3 109.5 19.4 14.8 13.5 12.8 -13.9 37.7 9.9 USD LCH(USD) 1.7 30.8 48.0 81.1 93.4 18.8 14.0 12.6 11.9 -14.7 36.7 9.0

Page 2 / 4 12 Marketing Material Factsheet: DWS Invest Top Euroland

Equity Funds - Europe

August 2021 As at 31/08/2021

Fund Data Portfolio Manager Frank Kuemmet Assets 545.4 Mio. EUR Portfolio Manager since 01/10/2006 Fund Currency EUR Portfolio Management Company DWS Investment GmbH Launch Date 03/06/2002 Portfolio Management Location Germany Fiscal Year End 31/12/2021 Management Company DWS Investment S.A. Investor profile Growth-oriented Legal Structure SICAV Custodian State Street Bank GmbH, Lux. Share Classes Share Cur. ISIN Code German Earnings Front-end Load ¹ Issue Price Redemption Interim Gains Management Running costs / plus Minimum Class Sec. Code up to Price Fee TER performance- Invest- related fee ment Amount

FC EUR LU0145647722 552 519 Accumulation 0.00% 327.42 327.42 0.750% 0.84% (1) -- 2,000,000 FD EUR LU0740840441 DWS 1CY Distribution 0.00% 168.88 168.88 0.750% 0.84% (1) -- 2,000,000 GBP D RD GBP LU0911039740 DWS 1W7 Distribution 0.00% 178.81 178.81 0.750% 0.83% (1) -- -- IC EUR LU0616864954 DWS 07P Accumulation 0.00% 185.93 185.93 0.500% 0.54% (1) -- 10,000,000 LC EUR LU0145644893 552 516 Accumulation 5.00% 293.63 278.95 1.500% 1.58% (1) -- -- LD EUR LU0145647052 552 517 Distribution 5.00% 257.81 244.92 1.500% 1.58% (1) -- -- NC EUR LU0145647300 552 518 Accumulation 3.00% 251.08 243.55 2.000% 2.28% (1) -- -- SGD LCH (P) SGD LU1054341976 DWS 12S Accumulation 5.00% 18.89 17.95 1.500% 1.62% (1) -- -- TFC EUR LU1663954375 DWS 2RS Accumulation 0.00% 143.86 143.86 0.750% 0.84% (1) -- -- TFD EUR LU1663956073 DWS 2RT Distribution 0.00% 137.37 137.37 0.750% 0.84% (1) -- -- USD FCH USD LU0911039666 DWS 1W6 Accumulation 0.00% 209.45 209.45 0.750% 0.88% (1) -- 2,000,000 USD LCH USD LU0986127263 DWS 112 Accumulation 5.00% 203.57 193.39 1.500% 1.63% (1) -- -- (1) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 31/12/2020. They are subject to change from year to year. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

DWS Investment GmbH ¹ Based on the gross investment.

Mainzer Landstraße 11-17 Because of its composition or the techniques used by its managers, the fund is subject to heightened volatility. Consequently, unit prices may 60329 Frankfurt am Main fluctuate sharply in either direction within short periods of time. Tel.: +49 (0) 69 / 910 - 12371 Please note that not all share classes and subfunds respectively are registered in every country. Fax: +49 (0) 69 / 910 - 19090 Units issued by Deutsche Invest SICAV may only be sold or offered for sale in jurisdictions in which such offer or sale is permitted. Internet: www.dws.com E-Mail: [email protected] Figures subject to audit. The current sales prospectus which is legally binding for the purchase of fund units is available from your financial consultant or DWS Investment GmbH. The sales prospectus contains detailed information about risk. Evaluations made in this report may change at any time whithout prior announcement. These statements are based on our assessment of the current legal and tax information.

Page 3 / 4 13 Factsheet: DWS Invest Top Euroland

Equity Funds - Europe - Regions/Countries

Opportunities In accordance with the investment policy.

Important note on the investor profile:

Page 4 / 4 14 Equity Funds

Europe - Regions/Countries Marketing Material Factsheet: DWS Invest CROCI Euro

Equity Funds - Europe - Regions/Countries

August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance - Share Class LC(EUR) (in %) The sub-fund’s assets are invested in largecap Eurozone equities selected according to the CROCI methodology and the CROCI Euro Strategy. The Strategy seeks to select the 30 shares with the lowest CROCI Economic Price Earnings Ratios. The sub-fund is periodically reconstituted with the intention that each stock is equally weighted. Companies in the Financials and Real Estate sectors are not eligible for selection.

Fund Benchmark: EURO STOXX 50 (RI) Calculation of performance is based on the time-weighted return and excludes front-end fees. Individual costs such as fees, commissions and Fund Management's Comment other charges have not been included in this presentation and would have an adverse impact on returns if they were included. Past performance is not a reliable indicator of future returns. The CROCI Euro fund is driven by a CROCI Strategy that seeks to invest in approximately 30 Eurozone stocks with the most attractive (lowest) CROCI Economic Price Earnings DWS Invest CROCI Euro follows the same investment objectives, investment process and asset allocation strategy as DB Platinum IV CROCI ratios. Euro, which was first launched on 22/06/2004. On 28/08/2018, DB Platinum IV CROCI Euro was merged into the new DWS Invest CROCI Euro. The historical live track record of DB Platinum IV CROCI Euro has been spliced onto the DWS Invest CROCI Euro for the measurement and On 28 August 2018 the dbPlatinum CROCI provision of historical performance. Euro fund merged into this fund with a consistent investment policy. The performance history prior to this date reflects that of the dbPlatinum fund. The Euro Stoxx 50 benchmark appreciated by 2.6% in August. The market was led by Communication services (+5.8%) and Information Technology (+9.6%). Lagging sectors were Consumer discretionary (-3.1%) and Health Care (-1.1%). Reflecting the distribution seen in the Economic Price Earnings ratios, CROCI Euro is overweight Health Care, and Utilities, while Cumulative performance (in %) - share class LC(EUR) it’s underweight Consumer Discretionary and 1 m 1 y 3 y 5 y s. Inception YTD 3 y avg 5 y avg 2017 2018 2019 2020 Financials (where the fund is not permitted to invest). In August, sector allocation contributed EUR 2.2 25.0 25.7 53.8 247.8 19.4 7.9 9.0 19.0 -16.1 26.7 -1.8 negatively to the relative performance vs BM IN EUR 2.6 30.5 32.2 56.2 143.7 19.3 9.7 9.3 9.2 -12.5 29.0 -2.8 benchmark and was partially offset by stock selection. The fund appreciated by 2.2% (LC class in Euro) and stands +19.4% year-to- date.

Morningstar Style-Box™ Further Characteristics (3 years) / VAR (1 year) - share class LC(EUR) Market Capitalization Volatility 21.12% Maximum Drawdown -25.09% VAR (99%/10 days) 8.52% Large Sharpe Ratio 0.39 Information Ratio -0.21 Correlation Coefficient 0.93 Alpha -1.46% Beta 0.98 Tracking Error 7.94%

Mid Portfolio Analysis

Small Breakdown by Sector (Equities) (in % of fund volume) Principal Holdings (Equities) (in % of fund volume) Portfolio Breakdown according to MSCI Merck KGAA (Health Care) 4.2 Value Growth Health Care 24.1 UCB SA (Health Care) 4.0 Blend Utilities 16.2 Capgemini SE (Information Technology) 3.9 Investment Style Consumer Staples 15.8 STMicroelectronics NV (Information Technology) 3.9 Information Technology 14.7 Qiagen NV (Health Care) 3.8 Morningstar Category™ Materials 12.8 Industrials 10.1 Koninklijke Ahold Delhaize NV (Consumer Staples 3.6 Eurozone Large-Cap Equity Communication Services 3.2 Nokia OYJ (Information Technology) 3.5 Consumer Discretionary 2.8 E.ON SE (Utilities) 3.5 Ratings (As at: 30/07/2021) Brenntag SE (Industrials) 3.5 Morningstar Overall Rating™: «««« Smurfit Kappa Group PLC (Materials) 3.4 Total 37.3 Lipper Leaders: Gross weighting, not adjusted for derivative positions. Gross weighting, not adjusted for derivative positions.

Note: The key terms are explained in the glossary. Page 1 / 4 16 Marketing Material Factsheet: DWS Invest CROCI Euro

Equity Funds - Europe - Regions/Countries

August 2021 As at 31/08/2021

Portfolio Analysis Breakdown by Country (Equities) (in % of fund volume) Asset Allocation (in % of fund volume)

Germany 35.7 Equities 99.7 France 19.6 Cash and other assets 0.3 Netherlands 13.8 Future Long 0.3 Finland 6.9 Ireland 6.6 Belgium 4.0 Switzerland 3.9 Italy 3.1 Spain 3.1 Great Britain 3.0

Gross weighting, not adjusted for derivative positions.

Breakdown by Currency (in % of fund volume) Market Capitalization (in % of fund volume)

Euro 100.0 > 10 Bn. 99.7

Incl. forward exchange transactions, negative and positive figures reflect expected Gross weighting, not adjusted for derivative positions. The calculation is based on currency developments. Euro.

Key Figures regarding the Fund's Assets Number of Shares 30 Dividend Yield (in %) 2.3 Ø Market Cap 39,399.9 Mio. EUR Cumulative performance (in %) 1 m 1 y 3 y 5 y s. YTD 3 y avg 5 y avg 2017 2018 2019 2020 Inception

IC(EUR)(2) 2.2 25.7 27.8 58.0 281.5 19.8 8.5 9.6 19.6 -15.6 27.4 -1.2 IC50(EUR) 2.2 25.9 -- -- 41.2 20.0 ------1.1 LC(EUR)(2) 2.2 25.0 25.7 53.8 247.8 19.4 7.9 9.0 19.0 -16.1 26.7 -1.8 LD(EUR)(2) 2.2 25.0 25.7 50.6 81.2 19.4 7.9 8.5 16.6 -16.2 26.7 -1.8 NC(EUR) 2.1 23.8 -- -- 33.6 18.6 ------25.5 -2.7 TFC(EUR)(2) 2.2 25.6 27.6 57.7 109.8 19.8 8.5 9.5 19.6 -15.7 27.4 -1.3 TFD(EUR)(1) ------USD LCH(USD)(2) 2.2 26.3 34.0 -- 41.4 20.0 10.2 -- -- -28.3 30.4 0.2 USD TFCH(USD)(1) ------(1) The presentation of performance occurs after a period of at least one year following launch of the Fund / unit class.

(2) DWS Invest CROCI Euro follows the same investment objectives, investment process and asset allocation strategy as DB Platinum IV CROCI Euro, which was first launched on 22/06/2004. On 28/08/2018, DB Platinum IV CROCI Euro was merged into the new DWS Invest CROCI Euro. The historical live track record of DB Platinum IV CROCI Euro has been spliced onto the DWS Invest CROCI Euro for the measurement and provision of historical performance.

Page 2 / 4 17 Marketing Material Factsheet: DWS Invest CROCI Euro

Equity Funds - Europe - Regions/Countries

August 2021 As at 31/08/2021

Fund Data Portfolio Manager Julien Boulliat Assets 706.9 Mio. EUR Portfolio Manager since 03/06/2019 Fund Currency EUR Portfolio Management Company DWS Investment GmbH & DWS Investments UK Limited Launch Date 28/08/2018 Portfolio Management Location Multi manager Fiscal Year End 31/12/2021 Management Company DWS Investment S.A. Investor profile Risk-tolerant Legal Structure SICAV Custodian State Street Bank GmbH, Lux. Share Classes Share Cur. ISIN Code German Earnings Front-end Load ¹ Issue Price Redemption Interim Gains Management Running costs / plus Minimum Class Sec. Code up to Price Fee TER performance- Invest- related fee ment Amount

IC EUR LU1769937829 DWS 2UJ Accumulation 0.00% 381.45 381.45 0.500% 0.53% (3) -- 10,000,000 IC50 EUR LU1923310137 DWS 2Z6 Accumulation 0.00% 141.17 141.17 0.350% 0.37% (3) -- 50,000,000 LC EUR LU1769938041 DWS 2UK Accumulation 2.00% 354.91 347.81 1.000% 1.06% (3) -- -- LD EUR LU1769938124 DWS 2UL Distribution 2.00% 173.15 169.69 1.000% 1.06% (3) -- -- NC EUR LU1897138860 DWS 2ZC Accumulation 0.00% 133.61 133.61 2.000% 2.06% (3) -- -- TFC EUR LU1769938397 DWS 2UM Accumulation 0.00% 209.83 209.83 0.500% 0.57% (3) -- -- TFD EUR LU2315795752 DWS 3BH Distribution 0.00% 112.12 112.12 0.500% 0.63% (4) -- -- USD LCH USD LU1769938470 DWS 2UN Accumulation 5.00% 148.85 141.40 1.000% 1.10% (3) -- -- USD TFCH USD LU2297064466 DWS 3A7 Accumulation 0.00% 122.88 122.88 0.500% 0.63% (4) -- -- (3) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 31/12/2020. They are subject to change from year to year. (4) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. The total expenses listed here represent an estimate since the Fund was launched on (TFD:15/04/2021, USD TFCH:26/02/2021). Actual expenses will be calculated and published once the first financial year has ended. The annual report for each financial year will contain the expense details with their precise calculation. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

DWS Investment GmbH ¹ Based on the gross investment.

Mainzer Landstraße 11-17 Because of its composition or the techniques used by its managers, the fund features a high level of volatility. In other words, unit prices may 60329 Frankfurt am Main fluctuate significantly in either direction within short periods of time. Tel.: +49 (0) 69 / 910 - 12371 Please note that not all share classes and subfunds respectively are registered in every country. Fax: +49 (0) 69 / 910 - 19090 Units issued by Deutsche Invest SICAV may only be sold or offered for sale in jurisdictions in which such offer or sale is permitted. Internet: www.dws.com E-Mail: [email protected] Figures subject to audit. The current sales prospectus which is legally binding for the purchase of fund units is available from your financial consultant or DWS Investment GmbH. The sales prospectus contains detailed information about risk. Evaluations made in this report may change at any time whithout prior announcement. These statements are based on our assessment of the current legal and tax information.

Page 3 / 4 18 Factsheet: DWS Invest CROCI Euro

Equity Funds - Europe - Regions/Countries

Opportunities In accordance with the investment policy.

Risks • The fund reallocates investments between various asset classes depending on the market. Depending on the market phase and the reallocation of the fund's assets, it is therefore possible that the risk of the fund may vary. The risk/return profile can therefore fluctuate considerably within a short period of time. • The fund invests in equities. Equities are subject to strong price fluctuations and thus also to the risk of price decreases. • Due to its composition/the techniques used by the Fund management, the investment fund has significantly elevated volatility, i.e. the share price may be subject to significant fluctuations up or down within short periods of time. The share value may fall below the purchase price at which the customer acquired the share at any time.

Important note on the investor profile:

Investor profile: Risk-tolerant The sub-fund is designed for risk-tolerant investors who seek high-return forms of investment and therefore accept large fluctuations in value as well as very high risks. The strong price fluctuations and high creditworthiness risks result in temporary or permanent declines in the value of units. The investor's high income expectations and risk appetite are offset by the possibility of heavy losses of the invested capital, up to the total amount invested. The investor is willing and able to bear such a financial loss, and does not prioritize capital preservation.

Page 4 / 4 19 Marketing Material Factsheet: DWS Invest CROCI Europe SDG

Equity Funds - Europe - Regions/Countries

August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance - Share Class LC(EUR) (in %) The fund invests are invested in large cap European equities according to the CROCI methodology and the CROCI Europe SDG investment strategy which selects a concentrated portfolio (with a variable number of stocks and weights) taking into account the CROCI Economic Price/Earnings Ratio, as well as overall active risk relative to the benchmark. The fund invests predominantly in securities of European issuers that pay particular attention to environmental and social topics as well as to corporate governance (ESG).

Fund Calculation of performance is based on the time-weighted return and excludes front-end fees. Individual costs such as fees, commissions and Fund Management's Comment other charges have not been included in this presentation and would have an adverse impact on returns if they were included. Past performance is not a reliable indicator of future returns. The fund is driven by a CROCI Strategy that seeks to invest in a concentrated portfolio of European equities based on attractive (low) CROCI Economic Price Earnings ratios as Cumulative performance (in %) - share class LC(EUR) well as their alignment with the 17 1 m 1 y 3 y 5 y s. Inception YTD 3 y avg 5 y avg 2019 2020 Sustainable Development Goals (SDG) of the United Nations. The strategy is also compliant with the minimum Environmental, Social and EUR 2.0 30.3 25.2 -- 24.4 22.0 7.8 -- 27.2 -9.4 Governance criteria of DWS. On 28 August 2018 the dbPlatinum CROCI Europe SDG fund merged into this fund with a consistent investment policy. The performance history prior to this date reflects that of the dbPlatinum fund. The benchmark MSCI Europe index increased by 2.0% in August. The market was led by Utilities (+4.1%) and Information Technology (+6.9%). Lagging sectors were Consumer Discretionary (-2.5%) and Consumer Staples (-0.1%). Reflecting the distribution seen in the Economic Price Earnings ratios, CROCI Europe SDG is overweight Health Care and Industrials, while it’s underweight Financials and Consumer Staples. In August, sector allocation Portfolio Analysis contributed positively to the relative Breakdown by Sector (Equities) (in % of fund volume) Principal Holdings (Equities) (in % of fund volume) performance vs benchmark and was offset by Portfolio Breakdown according to MSCI stock selection. The fund appreciated by Roche Holding AG (Health Care) 4.9 2.0% (LC class in Euro) and stands +22.0% Health Care 35.6 Novartis AG (Health Care) 4.8 year-to-date. Industrials 17.5 Intesa Sanpaolo SpA (Financials) 4.7 Financials 9.4 Banco Santander SA (Financials) 4.7 Consumer Discretionary 8.2 Information Technology 7.1 Novo Nordisk A/S (Health Care) 4.4 Materials 6.9 Schneider Electric SE (Industrials) 3.7 Utilities 5.3 Sanofi (Health Care) 3.6 Morningstar Style-Box™ Communication Services 5.1 Fresenius SE & Co KGaA (Health Care) 3.4 Consumer Staples 4.2 Market Capitalization Siemens AG (Industrials) 3.3 Large Essity AB (Consumer Staples) 3.1 Total 40.6

Mid Gross weighting, not adjusted for derivative positions. Gross weighting, not adjusted for derivative positions.

Small Breakdown by Country (Equities) (in % of fund volume) Asset Allocation (in % of fund volume)

Great Britain 20.7 Equities 99.3 Value Growth France 17.6 Cash and other assets 0.7 Blend Germany 15.7 Investment Style Switzerland 14.3 Italy 5.8 Morningstar Category™ Denmark 5.3 Europe Large-Cap Value Equity Sweden 5.2 Spain 4.7 Belgium 3.5 Ratings (As at: 30/07/2021) Netherlands 2.7 Morningstar Overall Rating™: ««« Ireland 1.6 Other Countries 2.2 Lipper Leaders: Gross weighting, not adjusted for derivative positions.

Note: The key terms are explained in the glossary. Page 1 / 4 20 Marketing Material Factsheet: DWS Invest CROCI Europe SDG

Equity Funds - Europe - Regions/Countries

August 2021 As at 31/08/2021

Portfolio Analysis Breakdown by Currency (in % of fund volume) Market Capitalization (in % of fund volume)

Euro 54.6 > 10 Bn. 85.4 Pound sterling 21.0 > 5 Bn. < 10 Bn. 10.9 Swiss franc 13.0 > 1 Bn. < 5 Bn. 2.9 Danish krone 5.2 Swedish krona 5.2 Norwegian krone 1.0

Incl. forward exchange transactions, negative and positive figures reflect expected Gross weighting, not adjusted for derivative positions. The calculation is based on currency developments. Euro.

Key Figures regarding the Fund's Assets Number of Shares 49 Dividend Yield (in %) 2.8 Ø Market Cap 57,205.5 Mio. EUR

Cumulative performance (in %) 1 m 1 y 3 y 5 y s. YTD 3 y avg 5 y avg 2019 2020 Inception

IC EB(EUR) 2.1 31.2 26.5 -- 25.5 22.6 8.2 -- 26.9 -8.9 LC(EUR) 2.0 30.3 25.2 -- 24.4 22.0 7.8 -- 27.2 -9.4 TFC(EUR) 2.1 31.0 27.2 -- 26.1 22.5 8.3 -- 27.9 -9.0

Page 2 / 4 21 Marketing Material Factsheet: DWS Invest CROCI Europe SDG

Equity Funds - Europe - Regions/Countries

August 2021 As at 31/08/2021

Fund Data Portfolio Manager Julien Boulliat Assets 3.6 Mio. EUR Portfolio Manager since 03/06/2019 Fund Currency EUR Portfolio Management Company DWS Investment GmbH & DWS Investments UK Limited Launch Date 28/08/2018 Portfolio Management Location Multi manager Fiscal Year End 31/12/2021 Management Company DWS Investment S.A. Investor profile Risk-tolerant Legal Structure SICAV Custodian State Street Bank GmbH, Lux. Share Classes Share Cur. ISIN Code German Earnings Front-end Load ¹ Issue Price Redemption Interim Gains Management Running costs / plus Minimum Class Sec. Code up to Price Fee TER performance- Invest- related fee ment Amount

IC EB EUR LU1769938553 DWS 2UP Accumulation 0.00% 140.70 140.70 0.400% 0.47% (1) -- 10,000,000 LC EUR LU1769938637 DWS 2UQ Accumulation 5.00% 130.94 124.39 1.000% 1.15% (1) -- -- TFC EUR LU1769938710 DWS 2UR Accumulation 0.00% 136.57 136.57 0.500% 0.63% (1) -- -- (1) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 31/12/2020. They are subject to change from year to year. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

DWS Investment GmbH ¹ Based on the gross investment.

Page 3 / 4 22 Factsheet: DWS Invest CROCI Europe SDG

Equity Funds - Global

Opportunities In accordance with the investment policy.

Page 4 / 4 23 Equity Funds

Global Marketing Material Factsheet: DWS Akkumula

Equity Funds - Global

August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance - Share Class LC (in %) The classic among DWS equity funds has a flexible investment policy that is not locked into index weightings – stocks are picked using a purely fundamental approach. Fund management focuses on global blue chips and ensures a mix of value- and growth- oriented companies that is appropriate to the market situation.

Fund Benchmark* *Benchmark: MSCI World TR Net EUR - 1.7.13 (vorher MSCI World TR Gross) Fund Management's Comment Calculation of performance is based on the time-weighted return and excludes front-end fees. Individual costs such as fees, commissions and other charges have not been included in this presentation and would have an adverse impact on returns if they were included. Past performance is not a reliable indicator of future returns. You can find the Fund management's detailed commentary in DWS Flagship Fund Reporting and on the individual pages of the factsheets. Cumulative performance (in %) - share class LC 1 m 1 y 3 y 5 y s. Inception YTD 3 y avg 5 y avg 2017 2018 2019 2020

EUR 2.2 25.6 47.6 78.6 6,274.8 20.0 13.9 12.3 8.4 -5.2 32.1 4.9 BM IN EUR 3.0 31.5 49.8 88.4 -- 23.1 14.4 13.5 7.5 -4.8 30.9 5.6

Further Characteristics (3 years) / VAR (1 year) - share class LC Volatility 15.13% Maximum Drawdown -17.04% VAR (99%/10 days) 6.05% Sharpe Ratio 0.90 Information Ratio -0.12 Correlation Coefficient 0.97 Alpha 1.36% Beta 0.86 Tracking Error 4.10%

Portfolio Analysis Breakdown by Sector (Equities) (in % of fund volume) Principal Holdings (Equities) (in % of fund volume) Portfolio Breakdown according to MSCI Alphabet Inc (Communication Services) 8.4 Information Technology 24.1 Apple Inc (Information Technology) 4.2 Health Care 19.0 Microsoft Corp (Information Technology) 3.1 Financials 15.6 Taiwan Semiconductor Manufacturing Co Ltd (Info 2.9 Communication Services 12.3 Consumer Discretionary 10.1 Nestle SA (Consumer Staples) 2.8 Consumer Staples 8.1 Samsung Electronics Co Ltd (Information Technol 2.3 Industrials 5.1 UNITEDHEALTH GROUP INC (Health Care) 2.1 Morningstar Style-Box™ Energy 1.3 Facebook Inc (Communication Services) 2.0 Materials 0.7 Market Capitalization Visa Inc (Information Technology) 2.0 Real Estate 0.5 Large Tencent Holdings Ltd (Communication Services) 1.8 Other Sectors 0.4 Total 31.6

Mid Gross weighting, not adjusted for derivative positions. Gross weighting, not adjusted for derivative positions.

Small Breakdown by Country (Equities) (in % of fund volume) Asset Allocation (in % of fund volume)

USA 60.8 Equities 96.9 Value Growth Switzerland 4.7 REITs 0.4 Blend Germany 4.7 Cash and other assets 2.7 Investment Style Japan 4.2 China 3.7 Morningstar Category™ Taiwan 2.9 Global Large-Cap Blend Equity Ireland 2.6 Canada 2.5 Korea 2.3 Ratings (As at: 30/07/2021) Great Britain 2.0 Morningstar Overall Rating™: «««« France 1.6 Other Countries 5.4 Lipper Leaders: Gross weighting, not adjusted for derivative positions.

Note: The key terms are explained in the glossary. Page 1 / 4 25 Marketing Material Factsheet: DWS Akkumula

Equity Funds - Global

August 2021 As at 31/08/2021

Portfolio Analysis Breakdown by Currency (in % of fund volume) Market Capitalization (in % of fund volume)

United States dollar 67.7 > 10 Bn. 94.9 Euro 9.5 > 5 Bn. < 10 Bn. 1.6 Swiss franc 4.7 > 1 Bn. < 5 Bn. 0.4 Japanese yen 4.2 Others 0.4 Taiwan dollar - new - 3.0 Hong Kong dollar 2.7 Canadian dollar 2.5 South Korean won 2.3 Norwegian krone 1.0 Swedish krona 0.8 Other Currencies 1.6 Incl. forward exchange transactions, negative and positive figures reflect expected Gross weighting, not adjusted for derivative positions. The calculation is based on currency developments. Euro.

Key Figures regarding the Fund's Assets Number of Shares 128 Dividend Yield (in %) 1.6 Ø Market Cap 369,641.6 Mio. EUR

Cumulative performance (in %) 1 m 1 y 3 y 5 y s. YTD 3 y avg 5 y avg 2017 2018 2019 2020 Inception

ID 2.3 26.6 51.4 86.2 94.5 20.6 14.8 13.2 9.3 -4.4 33.2 5.8 LC 2.2 25.6 47.6 78.6 6,274.8 20.0 13.9 12.3 8.4 -5.2 32.1 4.9 LD 2.2 25.6 47.6 78.6 85.6 20.0 13.9 12.3 8.4 -5.2 32.1 4.9 TFC 2.2 26.4 50.5 -- 72.8 20.5 14.6 -- -- -4.6 32.9 5.6

Page 2 / 4 26 Marketing Material Factsheet: DWS Akkumula

Equity Funds - Global

August 2021 As at 31/08/2021

Fund Data Portfolio Manager Andre Koettner Assets 7,012.9 Mio. EUR Portfolio Manager since 01/03/2013 Fund Currency EUR Portfolio Management Company DWS Investment GmbH Launch Date 03/07/1961 Portfolio Management Location Germany Fiscal Year End 30/09/2021 Management Company DWS Investment GmbH Investor profile Growth-oriented Legal Structure Fund Custodian State Street Bank International GmbH Share Classes Share Cur. ISIN Code German Earnings Front-end Load Issue Price Redemption Interim Gains All-in-Fee Running costs / plus Minimum Class Sec. Code Price TER performance- Invest- related fee ment Amount

ID EUR DE000DWS2D74 DWS 2D7 Distribution 0.00% 1,646.63 1,646.63 0.600% 0.60% (1) -- 10,000,000 LC EUR DE0008474024 847 402 Accumulation 5.00% 1,714.74 1,633.08 1.450% 1.45% (1) -- -- LD EUR DE000DWS2D66 DWS 2D6 Distribution 5.00% 1,697.77 1,616.92 1.450% 1.45% (1) -- -- TFC EUR DE000DWS2L90 DWS 2L9 Accumulation 0.00% 1,662.44 1,662.44 0.800% 0.80% (1) -- -- (1) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 30/09/2020. They are subject to change from year to year. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

Page 3 / 4 27 Factsheet: DWS Akkumula

Equity Funds - Global

Opportunities In accordance with the investment policy.

Risks • The fund invests in equities. Equities are subject to strong price fluctuations and thus also to the risk of price decreases. • The fund may also invest in assets that are not denominated in euro. This can result in your investment falling in value if the euro exchange rate against these currencies increases. • Due to its composition/the techniques used by the Fund management, the investment fund has elevated volatility, i.e. the share price may be subject to significant fluctuations up or down within short periods of time. The share value may fall below the purchase price at which the customer acquired the share at any time.

Important note on the investor profile:

Page 4 / 4 28 Marketing Material Factsheet: DWS Global Growth

Equity Funds - Global

August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance - Share Class LD (in %) DWS Global Growth is the Fund for growth stocks – shares issued by companies that demonstrate above-average structural growth and, more importantly, that Fund management considers to have above- average growth prospects. The selection of companies is based on rigorous fundamental analysis. Fund management may also act flexibly, depending on its assessment of the market, and add emerging market stocks to the portfolio.

Fund Benchmark* *Benchmark: MSCI World Growth (NR) - 18.3.16 (vorher MSCI AC World) Fund Management's Comment Calculation of performance is based on the time-weighted return and excludes front-end fees. Individual costs such as fees, commissions and other charges have not been included in this presentation and would have an adverse impact on returns if they were included. Past performance is not a reliable indicator of future returns. For detailed comments on the fund and its corresponding markets please see the annual report. Cumulative performance (in %) - share class LD 1 m 1 y 3 y 5 y s. Inception YTD 3 y avg 5 y avg 2017 2018 2019 2020

EUR 3.1 22.5 57.8 98.3 318.0 16.8 16.4 14.7 10.6 -5.7 36.4 16.9 BM IN EUR 4.1 29.1 76.8 135.4 -- 22.5 20.9 18.7 13.1 -3.1 37.4 22.5

Further Characteristics (3 years) / VAR (1 year) - share class LD Volatility 15.71% Maximum Drawdown -15.24% VAR (99%/10 days) 6.84% Sharpe Ratio 1.01 Information Ratio -0.90 Correlation Coefficient 0.97 Alpha -1.69% Beta 0.89 Tracking Error 4.21%

Portfolio Analysis Breakdown by Sector (Equities) (in % of fund volume) Principal Holdings (Equities) (in % of fund volume) Portfolio Breakdown according to MSCI Microsoft Corp (Information Technology) 8.5 Information Technology 38.4 Apple Inc (Information Technology) 8.4 Communication Services 14.0 Alphabet Inc (Communication Services) 8.3 Health Care 12.3 Amazon.com Inc (Consumer Discretionary) 4.8 Consumer Discretionary 12.3 Industrials 10.5 Visa Inc (Information Technology) 2.8 Financials 3.0 Facebook Inc (Communication Services) 2.6 Consumer Staples 1.8 Adobe Inc (Information Technology) 2.1 Morningstar Style-Box™ Real Estate 0.6 Schneider Electric SE (Industrials) 2.0 Materials 0.4 Market Capitalization Intercontinental Exchange Inc (Financials) 2.0 Large Nvidia Corp (Information Technology) 1.8 Total 43.3

Mid Gross weighting, not adjusted for derivative positions. Gross weighting, not adjusted for derivative positions.

Small Breakdown by Country (Equities) (in % of fund volume) Asset Allocation (in % of fund volume)

USA 69.7 Equities 93.3 Value Growth France 5.6 Cash and other assets 6.7 Blend Germany 4.5 Future Long 6.6 Investment Style Netherlands 4.4 Switzerland 1.7 Morningstar Category™ Denmark 1.3 Global Large-Cap Growth Equity Great Britain 1.2 Cayman Islands 0.9 China 0.9 Ratings (As at: 30/07/2021) Ireland 0.8 Morningstar Overall Rating™: ««« Sweden 0.8 Other Countries 1.6 Lipper Leaders: Gross weighting, not adjusted for derivative positions.

Note: The key terms are explained in the glossary. Page 1 / 4 29 Marketing Material Factsheet: DWS Global Growth

Equity Funds - Global

August 2021 As at 31/08/2021

Portfolio Analysis Breakdown by Currency (in % of fund volume) Market Capitalization (in % of fund volume)

United States dollar 77.7 > 10 Bn. 92.2 Euro 15.0 > 5 Bn. < 10 Bn. 0.6 Hong Kong dollar 1.7 > 1 Bn. < 5 Bn. 0.5 Danish krone 1.3 Swiss franc 1.3 Japanese yen 0.9 Pound sterling 0.9 Swedish krona 0.8 Kenyan schilling 0.4 South Korean won 0.1

Incl. forward exchange transactions, negative and positive figures reflect expected Gross weighting, not adjusted for derivative positions. The calculation is based on currency developments. Euro.

Key Figures regarding the Fund's Assets Number of Shares 83 Dividend Yield (in %) 0.8 Ø Market Cap 625,511.7 Mio. EUR

Cumulative performance (in %) 1 m 1 y 3 y 5 y s. YTD 3 y avg 5 y avg 2017 2018 2019 2020 Inception

LD 3.1 22.5 57.8 98.3 318.0 16.8 16.4 14.7 10.6 -5.7 36.4 16.9 TFC 3.1 23.3 60.9 -- 84.5 17.3 17.2 ------37.3 17.7 TFD 3.1 23.3 60.9 -- 84.4 17.3 17.2 ------37.2 17.7

Page 2 / 4 30 Marketing Material Factsheet: DWS Global Growth

Equity Funds - Global

August 2021 As at 31/08/2021

Fund Data Portfolio Manager Thomas Bucher Assets 827.3 Mio. EUR Portfolio Manager since 01/10/2016 Fund Currency EUR Portfolio Management Company DWS Investment GmbH Launch Date 14/11/2005 Portfolio Management Location Germany Fiscal Year End 30/09/2021 Management Company DWS Investment GmbH Investor profile Growth-oriented Legal Structure Fund Custodian State Street Bank International GmbH Share Classes Share Cur. ISIN Code German Earnings Front-end Load Issue Price Redemption Interim Gains All-in-Fee Running costs / plus Minimum Class Sec. Code Price TER performance- Invest- related fee ment Amount

LD EUR DE0005152441 515 244 Distribution 5.00% 201.16 191.58 1.450% 1.45% (1) -- -- TFC EUR DE000DWS2UD5 DWS 2UD Accumulation 0.00% 184.48 184.48 0.800% 0.80% (1) -- -- TFD EUR DE000DWS2UE3 DWS 2UE Distribution 0.00% 181.86 181.86 0.800% 0.80% (1) -- -- (1) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 30/09/2020. They are subject to change from year to year. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

Page 3 / 4 31 Factsheet: DWS Global Growth

Equity Funds - Global

Opportunities In accordance with the investment policy.

Risks • The fund invests in equities. Equities are subject to strong price fluctuations and thus also to the risk of price decreases. • The fund invests in emerging markets. Investing in assets from the emerging markets generally entails a greater risk (potentially including considerable legal, economic and political risks) than investing in assets from the markets of established countries. • Due to its composition/the techniques used by the Fund management, the investment fund has elevated volatility, i.e. the share price may be subject to significant fluctuations up or down within short periods of time. The share value may fall below the purchase price at which the customer acquired the share at any time.

Important note on the investor profile:

Page 4 / 4 32 Marketing Material Factsheet: DWS Invest CROCI Global Dividends

Equity Funds - Global

August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance - Share Class USD LC(USD) (in %) The sub-fund's assets are invested in largecap global developed market equities selected according to the CROCI methodology and the CROCI Global Dividends Strategy. The Strategy seeks the 50 shares with the lowest CROCI Economic Price Earnings Ratios after removing those that do not meet dividend sustainability screens based on cash returns, financial leverage and volatility. Stocks with a zero or below median dividend yield are excluded. The sub-fund is periodically reconstituted with the intention of equal weighting. Companies in the Financials and Real Estate sectors are not eligible. Fund Benchmark: MSCI World (NDR) Calculation of performance is based on the time-weighted return and excludes front-end fees. Individual costs such as fees, commissions and Fund Management's Comment other charges have not been included in this presentation and would have an adverse impact on returns if they were included. Past performance is not a reliable indicator of future returns. The CROCI Global Dividends fund is driven by a CROCI Strategy that seeks to invest in approximately 50 Global equities with the most attractive (lowest) CROCI Economic Cumulative performance (in %) - share class USD LC(USD) Price Earnings ratios after excluding stocks 1 m 1 y 3 y 5 y s. Inception YTD 3 y avg 5 y avg 2019 2020 that do not meet various dividend sustainability screens. On 30 August 2018 the dbPlatinum CROCI USD 1.2 18.3 14.9 -- 14.3 12.1 4.7 -- 24.9 -7.9 Global Dividends fund merged into this fund EUR 1.9 18.4 13.4 -- 13.0 16.4 4.3 -- 27.6 -15.9 with a consistent investment policy. The performance history prior to this date reflects BM IN USD 2.5 29.8 51.9 -- 51.5 18.1 15.0 -- 28.3 16.0 that of the dbPlatinum fund. The information regarding this product is based on USD. For this reason, the performance in Euros of this product may rise or fall on the basis of currency fluctuations. The MSCI World index appreciated by 3.0% in USD terms in August. Leading sectors were Communication Services (+4.4%) & Information Technology (+4.3%). Energy (- 0.8%), and Materials (0.1%) lagged. Reflecting the distribution seen in the Economic Price Earnings ratios after the screening, CROCI Global Dividends is overweight Consumer Staples and Health Care, while it’s underweight Information Technology and Financials (where the fund is not permitted to invest). Portfolio Analysis In August, both stock selection and sector Breakdown by Sector (Equities) (in % of fund volume) Principal Holdings (Equities) (in % of fund volume) allocation contributed negatively to the Portfolio Breakdown according to MSCI relative performance vs index. The fund HP Inc (Information Technology) 2.1 appreciated by 1.2% (LC class in USD) and Health Care 29.6 Best Buy Co Inc (Consumer Discretionary) 2.1 stands +12.1% year-to-date. Consumer Staples 17.7 Telefonaktiebolaget LM Ericsson (Information Tech 2.1 Industrials 14.0 Sonic Healthcare Ltd (Health Care) 2.1 Information Technology 10.3 Materials 10.2 Rio Tinto PLC (Materials) 2.1 Consumer Discretionary 8.2 CRH PLC (Materials) 2.1 Communication Services 6.0 Altria Group Inc (Consumer Staples) 2.0 Morningstar Style-Box™ Utilities 4.0 British American Tobacco PLC (Consumer Staples 2.0 Market Capitalization Cummins Inc (Industrials) 2.0 Large CH Robinson Worldwide Inc (Industrials) 2.0 Total 20.6

Mid Gross weighting, not adjusted for derivative positions. Gross weighting, not adjusted for derivative positions.

Small Breakdown by Country (Equities) (in % of fund volume) Asset Allocation (in % of fund volume)

USA 47.9 Equities 99.9 Value Growth Japan 17.9 Cash and other assets 0.1 Blend Great Britain 8.0 Future Short -0.1 Investment Style Germany 6.0 Switzerland 6.0 Morningstar Category™ Netherlands 4.0 Global Equity Income Sweden 2.1 Australia 2.1 Ireland 2.1 Ratings (As at: 30/07/2021) Canada 2.0 Morningstar Overall Rating™: «« France 1.9

Lipper Leaders: Gross weighting, not adjusted for derivative positions.

Note: The key terms are explained in the glossary. Page 1 / 4 33 Marketing Material Factsheet: DWS Invest CROCI Global Dividends

Equity Funds - Global

August 2021 As at 31/08/2021

Portfolio Analysis Breakdown by Currency (in % of fund volume) Market Capitalization (in % of fund volume)

United States dollar 47.7 > 10 Bn. 99.9 Japanese yen 18.0 Euro 13.9 Pound sterling 8.3 Swiss franc 5.9 Swedish krona 2.1 Australian dollar 2.1 Canadian dollar 2.0

Incl. forward exchange transactions, negative and positive figures reflect expected Gross weighting, not adjusted for derivative positions. The calculation is based on currency developments. Euro.

Key Figures regarding the Fund's Assets Number of Shares 50 Dividend Yield (in %) 3.5 Ø Market Cap 73,815.7 Mio. USD

Cumulative performance (in %) 1 m 1 y 3 y 5 y s. YTD 3 y avg 5 y avg 2019 2020 Inception

GBP IC(GBP) 2.5 15.0 10.2 -- 9.9 11.2 3.3 -- 21.4 -11.0 GBP ID(GBP) 2.5 14.9 11.0 -- 10.7 11.2 3.5 -- 22.0 -10.4 GBP LC(GBP) 2.4 14.1 7.9 -- 7.6 10.7 2.6 -- 20.6 -11.2 GBP TFC(GBP) 2.5 14.9 10.6 -- 10.3 11.2 3.4 -- 21.5 -10.3 IC(EUR) 1.7 19.8 15.7 -- 15.3 17.2 5.0 -- 28.7 -15.5 ID(EUR) 1.7 19.8 15.0 -- 14.6 17.2 4.8 -- 28.7 -15.9 LC(EUR) 1.7 18.8 13.2 -- 12.8 16.6 4.2 -- 27.7 -16.0 LD(EUR) 1.7 18.9 13.1 -- 12.7 16.6 4.2 -- 27.7 -16.1 TFC(EUR) 1.7 19.8 15.6 -- 15.2 17.2 4.9 -- 28.7 -15.6 USD IC(USD) 1.3 19.2 17.7 -- 17.0 12.7 5.6 -- 25.9 -7.2 USD LC(USD) 1.2 18.3 14.9 -- 14.3 12.1 4.7 -- 24.9 -7.9 USD LDQ(USD) 1.2 18.3 14.9 -- 14.3 12.1 4.7 -- 24.9 -7.9

Page 2 / 4 34 Marketing Material Factsheet: DWS Invest CROCI Global Dividends

Equity Funds - Global

August 2021 As at 31/08/2021

Fund Data Portfolio Manager Julien Boulliat Assets 158.4 Mio. USD Portfolio Manager since 03/06/2019 Fund Currency USD Portfolio Management Company DWS Investment GmbH & DWS Investments UK Limited Launch Date 30/08/2018 Portfolio Management Location Multi manager Fiscal Year End 31/12/2021 Management Company DWS Investment S.A. Investor profile Risk-tolerant Legal Structure SICAV Custodian State Street Bank GmbH, Lux. Share Classes Share Cur. ISIN Code German Earnings Front-end Load ¹ Issue Price Redemption Interim Gains Management Running costs / plus Minimum Class Sec. Code up to Price Fee TER performance- Invest- related fee ment Amount

GBP IC GBP LU1769943124 DWS 2VZ Accumulation 0.00% 220.80 220.80 0.650% 0.74% (1) -- 10,000,000 GBP ID GBP LU1769943397 DWS 2V0 Distribution 0.00% 180.20 180.20 0.650% 0.73% (1) -- 10,000,000 GBP LC GBP LU1769943470 DWS 2V1 Accumulation 5.00% 219.73 208.74 1.400% 1.53% (1) -- -- GBP TFC GBP LU1769943041 DWS 2VY Accumulation 0.00% 183.55 183.55 0.650% 0.78% (1) -- -- IC EUR LU1769943553 DWS 2V2 Accumulation 0.00% 201.28 201.28 0.650% 0.74% (1) -- 10,000,000 ID EUR LU1769943637 DWS 2V3 Distribution 0.00% 133.36 133.36 0.650% 0.74% (1) -- 10,000,000 LC EUR LU1769943710 DWS 2V4 Accumulation 5.00% 205.90 195.60 1.400% 1.52% (1) -- -- LD EUR LU1769943801 DWS 2V5 Distribution 5.00% 163.41 155.24 1.400% 1.52% (1) -- -- TFC EUR LU1769943983 DWS 2V6 Accumulation 0.00% 179.57 179.57 0.650% 0.77% (1) -- -- USD IC USD LU1769944015 DWS 2V7 Accumulation 0.00% 193.82 193.82 0.650% 0.74% (1) -- 10,000,000 USD LC USD LU1769944106 DWS 2V8 Accumulation 5.00% 191.18 181.62 1.400% 1.53% (1) -- -- USD LDQ USD LU1769944288 DWS 2V9 Distribution 5.00% 119.10 113.15 1.400% 1.53% (1) -- -- (1) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 31/12/2020. They are subject to change from year to year. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

DWS Investment GmbH ¹ Based on the gross investment.

Page 3 / 4 35 Factsheet: DWS Invest CROCI Global Dividends

Equity Funds - Global

Opportunities In accordance with the investment policy.

Important note on the investor profile:

Page 4 / 4 36 Marketing Material Factsheet: DWS Invest CROCI World

Equity Funds - Global

August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance - Share Class LC(EUR) (in %) The sub-fund’s assets are invested in largecap developed market global equities selected according to the CROCI methodology and the CROCI World Strategy. The Strategy seeks to select the 100 shares with the lowest CROCI Economic Price Earnings Ratios while targeting region neutrality and capping each economic sector at 25%. The sub-fund is periodically reconstituted with the intention that each stock is equally weighted. Companies in the Financials and Real Estate sectors are not eligible for selection.

Fund Benchmark: MSCI World TR Net EUR (RI) Calculation of performance is based on the time-weighted return and excludes front-end fees. Individual costs such as fees, commissions and Fund Management's Comment other charges have not been included in this presentation and would have an adverse impact on returns if they were included. Past performance is not a reliable indicator of future returns. The CROCI World fund is driven by a CROCI Strategy that seeks to invest in approximately 100 global equities with the most attractive (lowest) CROCI Economic Price Earnings Cumulative performance (in %) - share class LC(EUR) ratios subject to regional and sector 1 m 1 y 3 y 5 y s. Inception YTD 3 y avg 5 y avg 2019 2020 constraints. On 28 August 2018 the dbPlatinum CROCI World fund merged into this fund with a EUR 1.0 27.1 36.7 -- 36.8 21.0 11.0 -- 31.2 -1.0 consistent investment policy. The BM IN EUR 3.0 31.5 49.8 -- 50.3 23.1 14.4 -- 30.9 5.6 performance history prior to this date reflects that of the dbPlatinum fund. The MSCI World index appreciated by 3.0% in USD terms in August. Leading sectors were Communication Services (+4.4%) & Information Technology (+4.3%). Energy (- 0.8%), and Materials (0.1%) lagged. Reflecting the distribution seen in the Economic Price Earnings ratios, CROCI World is overweight Health Care and Consumer Discretionary, while it’s underweight Financials (where the fund is not permitted to invest) and Information Technology. In August, both stock selection and sector Portfolio Analysis allocation contributed negatively to the Breakdown by Sector (Equities) (in % of fund volume) Principal Holdings (Equities) (in % of fund volume) relative performance vs index. The fund Portfolio Breakdown according to MSCI appreciated by 1.0% (LC class in Euro) and Regeneron Pharmaceuticals Inc (Health Care) 1.2 stands +21.0% year-to-date. Health Care 24.2 Garmin Ltd (Consumer Discretionary) 1.2 Consumer Discretionary 18.2 Quest Diagnostics Inc/DE (Health Care) 1.2 Information Technology 13.3 Pfizer Inc (Health Care) 1.2 Consumer Staples 10.8 Industrials 9.9 Kroger Co/The (Consumer Staples) 1.2 Communication Services 6.8 Laboratory Corp of America Holdings (Health Care 1.2 Utilities 5.8 eBay Inc (Consumer Discretionary) 1.2 Morningstar Style-Box™ Materials 5.6 Nokia OYJ (Information Technology) 1.1 Energy 4.7 Market Capitalization ArcelorMittal SA (Materials) 1.1 Large Oracle Corp (Information Technology) 1.1 Total 11.7

Mid Gross weighting, not adjusted for derivative positions. Gross weighting, not adjusted for derivative positions.

Small Breakdown by Country (Equities) (in % of fund volume) Asset Allocation (in % of fund volume)

USA 67.6 Equities 99.3 Value Growth Japan 6.6 Cash and other assets 0.6 Blend Great Britain 5.8 Future Long 0.3 Investment Style Germany 3.5 Switzerland 2.9 Morningstar Category™ Australia 2.7 Global Large-Cap Value Equity Canada 1.8 Finland 1.1 Luxembourg 1.1 Ratings (As at: 30/07/2021) Netherlands 1.1 Morningstar Overall Rating™: «««« Belgium 1.1 Other Countries 3.9 Lipper Leaders: Gross weighting, not adjusted for derivative positions.

Note: The key terms are explained in the glossary. Page 1 / 4 37 Marketing Material Factsheet: DWS Invest CROCI World

Equity Funds - Global

August 2021 As at 31/08/2021

Portfolio Analysis Breakdown by Currency (in % of fund volume) Market Capitalization (in % of fund volume)

United States dollar 68.0 > 10 Bn. 98.8 Euro 9.1 > 1 Bn. < 5 Bn. 0.5 Japanese yen 6.7 Pound sterling 5.9 Swiss franc 2.9 Australian dollar 2.8 Canadian dollar 1.9 Hong Kong dollar 1.0 Danish krone 1.0 Swedish krona 0.9

Incl. forward exchange transactions, negative and positive figures reflect expected Gross weighting, not adjusted for derivative positions. The calculation is based on currency developments. Euro.

Key Figures regarding the Fund's Assets Number of Shares 101 Dividend Yield (in %) 2.8 Ø Market Cap 62,915.8 Mio. EUR

Cumulative performance (in %) 1 m 1 y 3 y 5 y s. YTD 3 y avg 5 y avg 2019 2020 Inception

IC(EUR) 1.0 28.1 40.0 -- 40.1 21.6 11.9 -- 32.2 -0.2 ID(EUR) ------32.2 -10.5 LC(EUR) 1.0 27.1 36.7 -- 36.8 21.0 11.0 -- 31.2 -1.0 TFC(EUR) 1.0 28.0 -- -- 47.5 21.6 -- -- 31.9 0.0 USD IC(USD) 0.6 27.4 42.7 -- 41.6 16.9 12.6 -- 29.7 9.5 USD LC(USD) 0.5 26.5 39.9 -- 38.9 16.3 11.8 -- 29.0 8.9

Page 2 / 4 38 Marketing Material Factsheet: DWS Invest CROCI World

Equity Funds - Global

August 2021 As at 31/08/2021

Fund Data Portfolio Manager Julien Boulliat Assets 31.5 Mio. EUR Portfolio Manager since 03/06/2019 Fund Currency EUR Portfolio Management Company DWS Investment GmbH & DWS Investments UK Limited Launch Date 28/08/2018 Portfolio Management Location Multi manager Fiscal Year End 31/12/2021 Management Company DWS Investment S.A. Investor profile Risk-tolerant Legal Structure SICAV Custodian State Street Bank GmbH, Lux. Share Classes Share Cur. ISIN Code German Earnings Front-end Load ¹ Issue Price Redemption Interim Gains Management Running costs / plus Minimum Class Sec. Code up to Price Fee TER performance- Invest- related fee ment Amount

IC EUR LU1769940708 DWS 2U8 Accumulation 0.00% 32,072.03 32,072.03 0.650% 0.76% (1) -- 10,000,000 ID EUR LU1769940880 DWS 2U9 Distribution 0.00% 0.00 0.00 0.650% 0.30% (1) -- 10,000,000 LC EUR LU1769941003 DWS 2VA Accumulation 5.00% 278.87 264.93 1.400% 1.55% (1) -- -- TFC EUR LU1902608444 DWS 2ZH Accumulation 0.00% 147.46 147.46 0.650% 0.38% (1) -- -- USD IC USD LU1769941185 DWS 2VB Accumulation 0.00% 24,514.91 24,514.91 0.650% 0.76% (1) -- 10,000,000 USD LC USD LU1769941268 DWS 2VC Accumulation 5.00% 238.69 226.76 1.400% 1.54% (1) -- -- (1) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 31/12/2020. They are subject to change from year to year. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

DWS Investment GmbH ¹ Based on the gross investment.

Page 3 / 4 39 Factsheet: DWS Invest CROCI World

Equity Funds - Global

Opportunities In accordance with the investment policy.

Important note on the investor profile:

Page 4 / 4 40 Marketing Material Factsheet: DWS Invest CROCI World SDG

Equity Funds - Global

August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance - Share Class LD(EUR) (in %) The fund invests are invested in large cap global developed market equities according to the CROCI methodology and the CROCI World SDG investment strategy which selects a concentrated portfolio (with a variable number of stocks and weights) taking into account the CROCI Economic Price/Earnings Ratio, as well as overall active risk relative to the benchmark. The fund invests predominantly in securities of global developed market issuers that pay particular attention to environmental and social topics as well as to corporate governance (ESG).

Fund Calculation of performance is based on the time-weighted return and excludes front-end fees. Individual costs such as fees, commissions and Fund Management's Comment other charges have not been included in this presentation and would have an adverse impact on returns if they were included. Past performance is not a reliable indicator of future returns. The CROCI World SDG fund is driven by a CROCI Strategy that seeks to invest in a concentrated portfolio of global equities based on attractive (low) CROCI Economic Price Cumulative performance (in %) - share class LD(EUR) Earnings ratios as well as their alignment with 1 m 1 y 3 y 5 y s. Inception YTD 3 y avg 5 y avg 2019 2020 the 17 Sustainable Development Goals (SDG) of the United Nations. The strategy is also compliant with the minimum EUR 3.3 34.6 35.1 -- 34.4 24.9 10.5 -- 33.5 -3.5 Environmental, Social and Governance criteria of DWS. On 30 August 2018 the dbPlatinum CROCI World SDG fund merged into this fund with a consistent investment policy. The performance history prior to this date reflects that of the dbPlatinum fund. The MSCI World index appreciated by 3.0% in USD terms in August. Leading sectors were Communication Services (+4.4%) & Information Technology (+4.3%). Energy (- 0.8%), and Materials (0.1%) lagged. Reflecting the distribution seen in the Economic Price Earnings ratios, CROCI World SDG is overweight Health Care and Information Technology, and underweight Portfolio Analysis Financials and Communication Services. Breakdown by Sector (Equities) (in % of fund volume) Principal Holdings (Equities) (in % of fund volume) In August, both stock selection and sector Portfolio Breakdown according to MSCI allocation contributed positively to the relative Bristol Myers Squibb Co (Health Care) 4.7 performance vs index. The fund appreciated Health Care 38.2 Microsoft Corp (Information Technology) 4.7 by 3.3% (LD class in EUR) and stands Information Technology 30.6 +22.7% year-to-date. Apple Inc (Information Technology) 2.9 Consumer Discretionary 10.5 Regeneron Pharmaceuticals Inc (Health Care) 2.8 Financials 5.3 Industrials 4.7 Intel Corp (Information Technology) 2.4 Consumer Staples 4.1 Hewlett Packard Enterprise Co (Information Techn 2.4 Materials 4.0 Sekisui House Ltd (Consumer Discretionary) 2.4 Morningstar Style-Box™ Communication Services 1.4 Ono Pharmaceutical Co Ltd (Health Care) 2.3 Utilities 1.0 Market Capitalization Banco Santander SA (Financials) 2.3 Large Gilead Sciences Inc (Health Care) 2.2 Total 29.1

Mid Gross weighting, not adjusted for derivative positions. Gross weighting, not adjusted for derivative positions.

Small Breakdown by Country (Equities) (in % of fund volume) Asset Allocation (in % of fund volume)

USA 62.5 Equities 99.9 Value Growth Japan 9.8 Cash and other assets 0.1 Blend Great Britain 5.9 Investment Style Germany 4.7 France 3.8 Morningstar Category™ Switzerland 3.2 Global Large-Cap Value Equity Spain 2.3 Ireland 1.8 Italy 1.8 Ratings (As at: 30/07/2021) Australia 1.5 Morningstar Overall Rating™: «««« Sweden 1.4 Other Countries 1.2 Lipper Leaders: Gross weighting, not adjusted for derivative positions.

Note: The key terms are explained in the glossary. Page 1 / 4 41 Marketing Material Factsheet: DWS Invest CROCI World SDG

Equity Funds - Global

August 2021 As at 31/08/2021

Portfolio Analysis Breakdown by Currency (in % of fund volume) Market Capitalization (in % of fund volume)

United States dollar 64.4 > 10 Bn. 88.7 Euro 14.7 > 5 Bn. < 10 Bn. 9.8 Japanese yen 9.9 > 1 Bn. < 5 Bn. 1.4 Pound sterling 5.9 Swiss franc 2.1 Australian dollar 1.5 Swedish krona 1.4

Incl. forward exchange transactions, negative and positive figures reflect expected Gross weighting, not adjusted for derivative positions. The calculation is based on currency developments. Euro.

Key Figures regarding the Fund's Assets Number of Shares 63 Dividend Yield (in %) 2.1 Ø Market Cap 224,594.6 Mio. EUR

Cumulative performance (in %) 1 m 1 y 3 y 5 y s. YTD 3 y avg 5 y avg 2019 2020 Inception

ID(EUR) 3.4 35.9 38.8 -- 38.1 25.7 11.5 -- 34.7 -2.6 LD(EUR) 3.3 34.6 35.1 -- 34.4 24.9 10.5 -- 33.5 -3.5 TFC(EUR) 3.4 35.8 38.6 -- 38.0 25.6 11.5 -- 34.6 -2.6 USD IC(USD) 2.9 35.2 40.6 -- 39.6 20.9 12.0 -- 31.4 6.9

Page 2 / 4 42 Marketing Material Factsheet: DWS Invest CROCI World SDG

Equity Funds - Global

August 2021 As at 31/08/2021

Fund Data Portfolio Manager Julien Boulliat Assets 7.0 Mio. EUR Portfolio Manager since 03/06/2019 Fund Currency EUR Portfolio Management Company DWS Investment GmbH & DWS Investments UK Limited Launch Date 30/08/2018 Portfolio Management Location Multi manager Fiscal Year End 31/12/2021 Management Company DWS Investment S.A. Investor profile Risk-tolerant Legal Structure SICAV Custodian State Street Bank GmbH, Lux. Share Classes Share Cur. ISIN Code German Earnings Front-end Load ¹ Issue Price Redemption Interim Gains Management Running costs / plus Minimum Class Sec. Code up to Price Fee TER performance- Invest- related fee ment Amount

ID EUR LU1769941342 DWS 2VD Distribution 0.00% 15,554.14 15,554.14 0.500% 0.58% (1) -- 10,000,000 LD EUR LU1769941425 DWS 2VE Distribution 5.00% 164.87 156.63 1.400% 1.55% (1) -- -- TFC EUR LU1769941698 DWS 2VF Accumulation 0.00% 148.16 148.16 0.500% 0.61% (1) -- -- USD IC USD LU1769941771 DWS 2VG Accumulation 0.00% 16,616.09 16,616.09 0.500% 0.58% (1) -- 10,000,000 (1) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 31/12/2020. They are subject to change from year to year. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

DWS Investment GmbH ¹ Based on the gross investment.

Page 3 / 4 43 Factsheet: DWS Invest CROCI World SDG

Equity Funds - Global

Opportunities In accordance with the investment policy.

Important note on the investor profile:

Page 4 / 4 44 Marketing Material Factsheet: DWS Invest Top Dividend

Equity Funds - Global

August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance - Share Class LC(EUR) (in %) DWS Invest Top Dividend offers an equity investment with the opportunity for current income. Management invests globally in equities, that it expects to offer dividend yields higher than the market average.

EUR 0.9 15.5 15.2 21.8 130.8 12.5 4.8 4.0 0.0 -2.8 19.4 -9.5

Further Characteristics (3 years) / VAR (1 year) - share class LC(EUR) Volatility 12.50% Maximum Drawdown -16.79% VAR (99%/10 days) 5.94% Sharpe Ratio 0.43 Information Ratio -- Correlation Coefficient -- Alpha -- Beta -- Tracking Error --

Portfolio Analysis Breakdown by Sector (Equities) (in % of fund volume) Principal Holdings (Equities) (in % of fund volume) Portfolio Breakdown according to MSCI BHP Group PLC (Materials) 3.5 Financials 14.0 Taiwan Semiconductor Manufacturing Co Ltd (Info 3.5 Health Care 13.0 Newmont Corp (Materials) 3.2 Consumer Staples 12.5 NextEra Energy Inc (Utilities) 2.9 Information Technology 10.7 Materials 10.5 Nestle SA (Consumer Staples) 2.5 Utilities 9.9 Johnson & Johnson (Health Care) 2.3 Energy 8.5 TC Energy Corp (Energy) 2.3 Morningstar Style-Box™ Industrials 7.9 Procter & Gamble Co/The (Consumer Staples) 2.2 Communication Services 6.1 Market Capitalization BCE Inc (Communication Services) 2.1 Consumer Discretionary 2.7 Large PepsiCo Inc/NC (Consumer Staples) 2.0 Total 26.5

Mid Gross weighting, not adjusted for derivative positions. Gross weighting, not adjusted for derivative positions.

Small Breakdown by Country (Equities) (in % of fund volume) Asset Allocation (in % of fund volume)

USA 40.6 Equities 95.8 Value Growth Canada 8.3 Cash and other assets 4.2 Blend Great Britain 7.0 Investment Style Germany 7.0 France 5.8 Morningstar Category™ Switzerland 5.2 Global Equity Income Norway 4.5 Taiwan 4.0 Japan 3.8 Ratings (As at: 30/07/2021) Netherlands 3.0 Morningstar Overall Rating™: «« Ireland 1.9 Other Countries 4.8 Lipper Leaders: Gross weighting, not adjusted for derivative positions.

Note: The key terms are explained in the glossary. Page 1 / 4 45 Marketing Material Factsheet: DWS Invest Top Dividend

Equity Funds - Global

August 2021 As at 31/08/2021

Portfolio Analysis Breakdown by Currency (in % of fund volume) Market Capitalization (in % of fund volume)

United States dollar 45.9 > 10 Bn. 92.0 Euro 19.1 > 5 Bn. < 10 Bn. 3.0 Canadian dollar 6.9 > 1 Bn. < 5 Bn. 0.8 Pound sterling 6.1 Swiss franc 5.9 Norwegian krone 4.9 Japanese yen 4.4 Taiwan dollar - new - 4.1 Swedish krona 1.0 Hong Kong dollar 0.9 Other Currencies 0.7 Incl. forward exchange transactions, negative and positive figures reflect expected Gross weighting, not adjusted for derivative positions. The calculation is based on currency developments. Euro.

Key Figures regarding the Fund's Assets Number of Shares 80 Dividend Yield (in %) 3.4 Ø Market Cap 147,884.3 Mio. EUR

Cumulative performance (in %) 1 m 1 y 3 y 5 y s. YTD 3 y avg 5 y avg 2017 2018 2019 2020 Inception

AUD TFCH (P)(AUD) 0.7 15.0 -- -- 23.0 10.2 ------CHF FCH (P)(CHF) 0.6 14.5 12.7 21.9 91.8 9.9 4.1 4.0 8.2 -6.3 15.1 -4.8 CHF LCH (P)(CHF) 0.6 13.7 10.1 17.1 77.4 9.4 3.3 3.2 7.3 -7.2 14.3 -5.6 CHF TFCH (P)(CHF)(1 ------FC(EUR) 1.0 16.4 17.8 26.5 151.1 13.1 5.6 4.8 0.7 -2.1 20.3 -8.8 FD(EUR) 1.0 16.4 17.8 26.5 88.1 13.1 5.6 4.8 0.7 -2.1 20.3 -8.8 GBP C RD(GBP) 1.7 11.5 12.5 27.3 65.9 7.3 4.0 4.9 4.8 -0.4 13.6 -3.4 GBP D RD(GBP) 1.7 11.5 12.6 27.4 75.7 7.3 4.0 5.0 4.9 -0.5 13.6 -3.2 GBP DH (P) RD(GBP) 0.7 14.9 15.5 -- 26.8 10.1 4.9 -- 9.6 -4.9 17.0 -4.7 GBP LD DS(GBP) 1.7 10.7 10.0 22.7 139.1 6.8 3.2 4.2 4.1 -1.1 12.8 -4.1 IC(EUR) 1.0 16.7 18.8 -- 27.5 13.3 5.9 -- 1.1 -1.8 20.7 -8.6 LC(EUR) 0.9 15.5 15.2 21.8 130.8 12.5 4.8 4.0 0.0 -2.8 19.4 -9.5 LD(EUR) 0.9 15.5 15.2 21.8 130.8 12.5 4.8 4.0 0.0 -2.8 19.4 -9.5 LDQH (P)(EUR) 0.6 13.6 11.2 21.4 42.0 9.3 3.6 3.9 9.0 -6.7 14.8 -5.1 NC(EUR) 0.8 14.7 12.8 17.6 113.5 12.0 4.1 3.3 -0.7 -3.5 18.6 -10.1 ND(EUR) 0.8 14.7 12.8 17.6 99.7 12.0 4.1 3.3 -0.7 -3.5 18.6 -10.1 SEK LCH (P)(SEK) 0.6 14.2 11.0 18.7 31.1 9.8 3.6 3.5 7.6 -6.9 14.9 -5.6 SGD LC(SGD) -0.4 13.1 14.6 27.3 89.3 9.8 4.6 4.9 5.2 -5.2 15.4 -2.5 SGD LCH (P)(SGD) 0.7 14.9 16.1 28.7 94.1 10.2 5.1 5.2 9.5 -4.9 17.2 -4.5 SGD LDQ(SGD) -0.3 13.1 14.6 27.3 102.5 9.8 4.6 4.9 5.2 -5.2 15.3 -2.5 SGD LDQH (P)(SGD) 0.7 14.9 16.1 28.7 64.5 10.1 5.1 5.2 9.4 -4.9 17.2 -4.4 TFC(EUR) 1.0 16.4 17.8 -- 20.3 13.1 5.6 -- -- -2.1 20.3 -8.8 TFCH (P)(EUR) 0.7 14.8 -- -- 11.3 10.1 ------5.2 USD FC(USD) 0.5 15.4 19.7 34.1 70.0 8.7 6.2 6.0 14.5 -6.5 17.7 0.1 USD FCH (P)(USD) 0.7 15.9 20.8 35.8 37.2 10.8 6.5 6.3 10.1 -3.9 18.9 -3.1 USD LC(USD) 0.4 14.5 17.1 29.3 96.5 8.2 5.4 5.3 13.7 -7.2 16.8 -0.6 USD LCH (P)(USD) 0.7 15.1 18.3 32.5 104.3 10.2 5.8 5.8 9.9 -4.2 18.0 -3.6 USD LDH (P)(USD) 0.7 15.1 18.3 32.5 80.6 10.2 5.8 5.8 9.9 -4.2 18.0 -3.6 USD LDM(USD) 0.4 14.5 16.9 28.9 36.5 8.2 5.3 5.2 13.5 -7.2 16.8 -0.7 USD LDQ(USD) 0.4 14.5 17.0 29.2 50.7 8.2 5.4 5.3 13.6 -7.2 16.8 -0.6 USD LDQH (P)(USD) 0.7 15.1 18.2 -7.5 0.7 10.2 5.7 -1.5 20.1 -34.9 17.9 -3.6 (1) The presentation of performance occurs after a period of at least one year following launch of the Fund / unit class.

Page 2 / 4 46 Marketing Material Factsheet: DWS Invest Top Dividend

Equity Funds - Global

August 2021 As at 31/08/2021

Fund Data Portfolio Manager Dr. Thomas-P Schuessler Assets 2,447.0 Mio. EUR Portfolio Manager since 01/07/2010 Fund Currency EUR Portfolio Management Company DWS Investment GmbH Launch Date 01/07/2010 Portfolio Management Location Germany Fiscal Year End 31/12/2021 Management Company DWS Investment S.A. Investor profile Growth-oriented Legal Structure SICAV Custodian State Street Bank GmbH, Lux. Share Classes Share Cur. ISIN Code German Earnings Front-end Load ¹ Issue Price Redemption Interim Gains Management Running costs / plus Minimum Class Sec. Code up to Price Fee TER performance- Invest- related fee ment Amount

AUD TFCH (P) AUD LU2158788054 DWS 28S Accumulation 0.00% 122.99 122.99 0.750% 0.91% (3) -- -- CHF FCH (P) CHF LU0616864285 DWS 07L Accumulation 0.00% 191.78 191.78 0.750% 0.84% (2) -- 2,000,000 CHF LCH (P) CHF LU0616864012 DWS 07K Accumulation 5.00% 186.75 177.42 1.500% 1.59% (2) -- -- CHF TFCH (P) CHF LU2367179335 DWS 3DT Accumulation 0.00% 99.62 99.62 0.750% 0.91% (3) -- -- FC EUR LU0507266228 DWS 0ZG Accumulation 0.00% 251.08 251.08 0.750% 0.81% (2) -- 2,000,000 FD EUR LU0740838205 DWS 1CK Distribution 0.00% 150.53 150.53 0.750% 0.81% (2) -- 2,000,000 GBP C RD GBP LU1263963255 DWS 2BN Accumulation 0.00% 165.92 165.92 0.750% 0.83% (2) -- -- GBP D RD GBP LU0911038932 DWS 1W0 Distribution 0.00% 142.19 142.19 0.750% 0.78% (2) -- -- GBP DH (P) R GBP LU1466055248 DWS 2G3 Distribution 0.00% 113.15 113.15 0.750% 0.84% (2) -- -- GBP LD DS GBP LU0511520347 DWS 00H Distribution 5.00% 188.36 178.94 1.500% 1.58% (2) -- -- IC EUR LU1472572954 DWS 2G5 Accumulation 0.00% 127.47 127.47 0.500% 0.53% (2) -- 10,000,000 LC EUR LU0507265923 DWS 0ZD Accumulation 5.00% 242.98 230.83 1.500% 1.57% (2) -- -- LD EUR LU0507266061 DWS 0ZE Distribution 5.00% 181.77 172.68 1.500% 1.57% (2) -- -- LDQH (P) EUR LU0911039310 DWS 1W3 Distribution 5.00% 123.44 117.27 1.500% 1.60% (2) -- -- NC EUR LU0507266145 DWS 0ZF Accumulation 3.00% 220.11 213.51 2.000% 2.27% (2) -- -- ND EUR LU0544572786 DWS 015 Distribution 3.00% 156.54 151.84 2.000% 2.27% (2) -- -- TFC EUR LU1663951603 DWS 2RR Accumulation 0.00% 120.31 120.31 0.750% 0.81% (2) -- -- SEK LCH (P) SEK LU1282659025 DWS 2C6 Accumulation 5.00% 1,380.08 1,311.08 1.500% 1.60% (2) -- -- SGD LC SGD LU0740838460 DWS 1CL Accumulation 5.00% 19.93 18.93 1.500% 1.57% (2) -- -- SGD LCH (P) SGD LU0740838544 DWS 1CM Accumulation 5.00% 20.44 19.41 1.500% 1.60% (2) -- -- SGD LDQ SGD LU0616864442 DWS 07M Distribution 5.00% 16.40 15.58 1.500% 1.58% (2) -- -- SGD LDQH (P) SGD LU0911038858 DWS 1WZ Distribution 5.00% 14.00 13.30 1.500% 1.60% (2) -- -- TFCH (P) EUR LU1978535224 DWS 21F Accumulation 0.00% 111.28 111.28 0.750% 0.82% (2) -- -- USD FC USD LU0507266574 DWS 0ZJ Accumulation 0.00% 170.04 170.04 0.750% 0.76% (2) -- 2,000,000 USD FCH (P) USD LU0813338588 DWS 1JX Accumulation 0.00% 137.20 137.20 0.750% 0.84% (2) -- 2,000,000 USD LC USD LU0507266491 DWS 0ZH Accumulation 5.00% 206.80 196.46 1.500% 1.50% (2) -- -- USD LCH (P) USD LU0544572604 DWS 014 Accumulation 5.00% 215.00 204.25 1.500% 1.60% (2) -- -- USD LDH (P) USD LU0740838031 DWS 1CH Distribution 5.00% 151.61 144.03 1.500% 1.60% (2) -- -- USD LDM USD LU0911038429 DWS 1WX Distribution 5.00% 94.82 90.08 1.500% 1.59% (2) -- -- USD LDQ USD LU0911038775 DWS 1WY Distribution 5.00% 130.02 123.52 1.500% 1.50% (2) -- -- USD LDQH (P) USD LU1282658993 DWS 2C5 Distribution 5.00% 115.04 109.28 1.500% 1.52% (2) -- -- (2) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 31/12/2020. They are subject to change from year to year. (3) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. The total expenses listed here represent an estimate since the Fund was launched on (AUD TFCH (P):15/05/2020, CHF TFCH (P):16/08/2021). Actual expenses will be calculated and published once the first financial year has ended. The annual report for each financial year will contain the expense details with their precise calculation. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

DWS Investment GmbH ¹ Based on the gross investment.

Page 3 / 4 47 Factsheet: DWS Invest Top Dividend

Equity Funds - Global

Opportunities In accordance with the investment policy.

Risks • The fund invests in equities. Equities are subject to strong price fluctuations and thus also to the risk of price decreases. • The fund seeks to generate income from dividends, i.e. from expected distributions per equity. If a company distributes a smaller dividend than expected or no dividend at all, this can have a negative impact on the value of equities or derivatives. • Due to its composition/the techniques used by the Fund management, the investment fund has elevated volatility, i.e. the share price may be subject to significant fluctuations up or down within short periods of time. The share value may fall below the purchase price at which the customer acquired the share at any time.

Important note on the investor profile:

Page 4 / 4 48 Marketing Material Factsheet: DWS Top Dividende

Equity Funds - Global

August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance - Share Class LD (in %) DWS Top Dividende offers an equity investment with the opportunity for current income. Management invests globally in equities, primarily highly-capitalized companies, that it expects to offer dividend yields higher than the market average.

EUR 1.4 15.2 16.4 23.3 359.2 12.7 5.2 4.3 0.6 -2.9 20.5 -9.5

Further Characteristics (3 years) / VAR (1 year) - share class LD Volatility 12.60% Maximum Drawdown -17.02% VAR (99%/10 days) 5.82% Sharpe Ratio 0.45 Information Ratio -- Correlation Coefficient -- Alpha -- Beta -- Tracking Error --

Portfolio Analysis Breakdown by Sector (Equities) (in % of fund volume) Principal Holdings (Equities) (in % of fund volume) Portfolio Breakdown according to MSCI BHP Group PLC (Materials) 3.5 Financials 14.0 Taiwan Semiconductor Manufacturing Co Ltd (Info 3.5 Health Care 12.9 Newmont Corp (Materials) 3.2 Consumer Staples 12.5 NextEra Energy Inc (Utilities) 2.9 Information Technology 10.7 Materials 10.5 Nestle SA (Consumer Staples) 2.5 Utilities 9.8 Johnson & Johnson (Health Care) 2.3 Energy 8.5 TC Energy Corp (Energy) 2.3 Morningstar Style-Box™ Industrials 7.9 Procter & Gamble Co/The (Consumer Staples) 2.2 Communication Services 6.0 Market Capitalization BCE Inc (Communication Services) 2.1 Consumer Discretionary 2.6 Large PepsiCo Inc/NC (Consumer Staples) 2.0 Total 26.5

Mid Gross weighting, not adjusted for derivative positions. Gross weighting, not adjusted for derivative positions.

Small Breakdown by Country (Equities) (in % of fund volume) Asset Allocation (in % of fund volume)

USA 40.5 Equities 95.5 Value Growth Canada 8.2 Cash and other assets 4.5 Blend Great Britain 7.0 Investment Style Germany 6.9 France 5.7 Morningstar Category™ Switzerland 5.1 Global Equity Income Norway 4.5 Taiwan 4.0 Japan 3.7 Ratings (As at: 30/07/2021) Netherlands 3.0 Morningstar Overall Rating™: ««« Ireland 1.9 Other Countries 4.8 Lipper Leaders: Gross weighting, not adjusted for derivative positions.

Note: The key terms are explained in the glossary. Page 1 / 4 49 Marketing Material Factsheet: DWS Top Dividende

Equity Funds - Global

August 2021 As at 31/08/2021

Portfolio Analysis Breakdown by Currency (in % of fund volume) Market Capitalization (in % of fund volume)

United States dollar 45.3 > 10 Bn. 91.7 Euro 20.7 > 5 Bn. < 10 Bn. 3.0 Canadian dollar 6.8 > 1 Bn. < 5 Bn. 0.8 Pound sterling 6.0 Swiss franc 5.8 Norwegian krone 4.8 Japanese yen 4.3 Taiwan dollar - new - 3.6 Swedish krona 1.0 Hong Kong dollar 0.9 Other Currencies 0.8 Incl. forward exchange transactions, negative and positive figures reflect expected Gross weighting, not adjusted for derivative positions. The calculation is based on currency developments. Euro.

Key Figures regarding the Fund's Assets Number of Shares 79 Dividend Yield (in %) 3.4 Ø Market Cap 148,139.5 Mio. EUR

Cumulative performance (in %) 1 m 1 y 3 y 5 y s. YTD 3 y avg 5 y avg 2017 2018 2019 2020 Inception

FD 1.4 15.9 18.3 26.7 86.7 13.2 5.8 4.9 1.2 -2.4 21.1 -9.0 LC 1.4 15.3 16.4 -- 21.0 12.7 5.2 -- -- -2.9 20.5 -9.5 LD 1.4 15.2 16.4 23.3 359.2 12.7 5.2 4.3 0.6 -2.9 20.5 -9.5 LDQ 1.4 15.3 16.4 23.3 30.4 12.8 5.2 4.3 0.6 -3.0 20.5 -9.5 RC 1.4 15.3 16.6 -- 21.2 12.8 5.2 -- -- -2.9 20.5 -9.5 TFC 1.4 16.0 18.7 -- 21.7 13.2 5.9 -- -- -2.3 21.3 -8.9 TFD 1.4 16.0 18.7 -- 23.0 13.2 5.9 ------21.2 -8.9

Page 2 / 4 50 Marketing Material Factsheet: DWS Top Dividende

Equity Funds - Global

August 2021 As at 31/08/2021

Fund Data Portfolio Manager Dr. Thomas-P Schuessler Assets 18,176.7 Mio. EUR Portfolio Manager since 05/10/2005 Fund Currency EUR Portfolio Management Company DWS Investment GmbH Launch Date 28/04/2003 Portfolio Management Location Germany Fiscal Year End 30/09/2021 Management Company DWS Investment GmbH Investor profile Growth-oriented Legal Structure Fund Custodian State Street Bank International GmbH Share Classes Share Cur. ISIN Code German Earnings Front-end Load Issue Price Redemption Interim Gains All-in-Fee Running costs / plus Minimum Class Sec. Code Price TER performance- Invest- related fee ment Amount

FD EUR DE000DWS1VB9 DWS 1VB Distribution 0.00% 143.15 143.15 0.900% 0.90% (1) -- 2,000,000 LC EUR DE000DWS1U90 DWS 1U9 Accumulation 5.00% 152.99 145.70 1.450% 1.45% (1) -- -- LD EUR DE0009848119 984 811 Distribution 5.00% 136.55 130.04 1.450% 1.45% (1) -- -- LDQ EUR DE000DWS18N0 DWS 18N Distribution 5.00% 135.79 129.32 1.450% 1.45% (1) -- -- RC EUR DE000DWS2PA1 DWS 2PA Accumulation 5.00% 144.84 137.94 1.400% 1.40% (1) -- 500,000,000 TFC EUR DE000DWS18Q3 DWS 18Q Accumulation 0.00% 147.91 147.91 0.800% 0.80% (1) -- -- TFD EUR DE000DWS2SL2 DWS 2SL Distribution 0.00% 113.65 113.65 0.800% 0.80% (1) -- -- (1) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 30/09/2020. They are subject to change from year to year. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

Page 3 / 4 51 Factsheet: DWS Top Dividende

Equity Funds - Global

Opportunities In accordance with the investment policy.

Risks • The fund invests in equities. Equities are subject to strong price fluctuations and thus also to the risk of price decreases. • The fund seeks to generate income from dividends, i.e. from expected distributions per equity. If a company distributes a smaller dividend than expected or no dividend at all, this can have a negative impact on the value of equities or derivatives. • The fund may also invest in assets that are not denominated in euro. This can result in your investment falling in value if the euro exchange rate against these currencies increases. • Due to its composition/the techniques used by the Fund management, the investment fund has elevated volatility, i.e. the share price may be subject to significant fluctuations up or down within short periods of time. The share value may fall below the purchase price at which the customer acquired the share at any time.

Important note on the investor profile:

Page 4 / 4 52 Marketing Material Factsheet: DWS Vermögensbildungsfonds I

Equity Funds - Global

August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance - Share Class LD (in %) With DWS Vermögensbildungsfonds I, you invest in industries and companies with solid prospects from around the globe. The Fund is actively managed – in the form of high-quality stock-picking without being locked into index weightings. This gives Fund management the necessary freedom to implement high- performance investment ideas.

Fund Benchmark* *Benchmark: MSCI World TR Net EUR - 1.7.13 (vorher MSCI World TR Gross) Fund Management's Comment Calculation of performance is based on the time-weighted return and excludes front-end fees. Individual costs such as fees, commissions and other charges have not been included in this presentation and would have an adverse impact on returns if they were included. Past performance is not a reliable indicator of future returns. You can find the Fund management's detailed commentary in DWS Flagship Fund Reporting and on the individual pages of the factsheets. Cumulative performance (in %) - share class LD 1 m 1 y 3 y 5 y s. Inception YTD 3 y avg 5 y avg 2017 2018 2019 2020

EUR 2.3 25.5 47.0 80.3 6,842.8 19.9 13.7 12.5 9.3 -5.6 31.4 6.0 BM IN EUR 3.0 31.5 49.8 88.4 -- 23.1 14.4 13.5 7.5 -4.8 30.9 5.6

Further Characteristics (3 years) / VAR (1 year) - share class LD Volatility 15.31% Maximum Drawdown -16.73% VAR (99%/10 days) 6.42% Sharpe Ratio 0.88 Information Ratio -0.15 Correlation Coefficient 0.97 Alpha 1.10% Beta 0.87 Tracking Error 4.13%

Portfolio Analysis Breakdown by Sector (Equities) (in % of fund volume) Principal Holdings (Equities) (in % of fund volume) Portfolio Breakdown according to MSCI Alphabet Inc (Communication Services) 9.2 Information Technology 25.0 Apple Inc (Information Technology) 4.3 Health Care 17.3 Microsoft Corp (Information Technology) 3.0 Financials 16.4 Taiwan Semiconductor Manufacturing Co Ltd (Info 2.8 Communication Services 13.7 Consumer Discretionary 10.7 Samsung Electronics Co Ltd (Information Technol 2.7 Consumer Staples 6.8 Facebook Inc (Communication Services) 2.5 Industrials 6.5 Nestle SA (Consumer Staples) 2.4 Morningstar Style-Box™ Energy 0.7 Visa Inc (Information Technology) 2.0 Utilities 0.6 Market Capitalization Amazon.com Inc (Consumer Discretionary) 1.8 Real Estate 0.5 Large Moody's Corp (Financials) 1.7 Total 32.4

Mid Gross weighting, not adjusted for derivative positions. Gross weighting, not adjusted for derivative positions.

Small Breakdown by Country (Equities) (in % of fund volume) Asset Allocation (in % of fund volume)

USA 64.4 Equities 97.6 Value Growth Switzerland 3.9 REITs 0.5 Blend Japan 3.9 Cash and other assets 1.9 Investment Style China 3.4 Germany 3.4 Morningstar Category™ Canada 3.0 Global Large-Cap Blend Equity Taiwan 2.8 Korea 2.7 Great Britain 2.0 Ratings (As at: 30/07/2021) Netherlands 1.5 Morningstar Overall Rating™: «««« Sweden 1.3 Other Countries 5.8 Lipper Leaders: Gross weighting, not adjusted for derivative positions.

Note: The key terms are explained in the glossary. Page 1 / 4 53 Marketing Material Factsheet: DWS Vermögensbildungsfonds I

Equity Funds - Global

August 2021 As at 31/08/2021

Portfolio Analysis Breakdown by Currency (in % of fund volume) Market Capitalization (in % of fund volume)

United States dollar 71.0 > 10 Bn. 95.1 Euro 6.9 > 5 Bn. < 10 Bn. 1.8 Swiss franc 3.9 > 1 Bn. < 5 Bn. 0.7 Japanese yen 3.9 Others 0.5 Canadian dollar 3.0 Taiwan dollar - new - 2.9 South Korean won 2.7 Hong Kong dollar 2.6 Swedish krona 1.2 Pound sterling 0.9 Other Currencies 1.1 Incl. forward exchange transactions, negative and positive figures reflect expected Gross weighting, not adjusted for derivative positions. The calculation is based on currency developments. Euro.

Key Figures regarding the Fund's Assets Number of Shares 137 Dividend Yield (in %) 1.5 Ø Market Cap 390,031.1 Mio. EUR

Cumulative performance (in %) 1 m 1 y 3 y 5 y s. YTD 3 y avg 5 y avg 2017 2018 2019 2020 Inception

ID 2.4 26.6 50.1 87.2 140.4 20.6 14.5 13.4 10.2 -4.8 32.0 6.9 LD 2.3 25.5 47.0 80.3 6,842.8 19.9 13.7 12.5 9.3 -5.6 31.4 6.0 TFC 2.4 26.3 49.9 -- 68.6 20.4 14.4 -- -- -5.0 32.3 6.7

Page 2 / 4 54 Marketing Material Factsheet: DWS Vermögensbildungsfonds I

Equity Funds - Global

August 2021 As at 31/08/2021

Fund Data Portfolio Manager Andre Koettner Assets 11,348.6 Mio. EUR Portfolio Manager since 01/03/2013 Fund Currency EUR Portfolio Management Company DWS Investment GmbH Launch Date 01/12/1970 Portfolio Management Location Germany Fiscal Year End 30/09/2021 Management Company DWS Investment GmbH Investor profile Growth-oriented Legal Structure Fund Custodian State Street Bank International GmbH Share Classes Share Cur. ISIN Code German Earnings Front-end Load Issue Price Redemption Interim Gains All-in-Fee Running costs / plus Minimum Class Sec. Code Price TER performance- Invest- related fee ment Amount

ID EUR DE000DWS16D5 DWS 16D Distribution 0.00% 246.76 246.76 0.600% 0.60% (1) -- 10,000,000 LD EUR DE0008476524 847 652 Distribution 5.00% 250.23 238.31 1.450% 1.45% (1) -- -- TFC EUR DE000DWS2NM1 DWS 2NM Accumulation 0.00% 247.74 247.74 0.800% 0.80% (1) -- -- (1) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 30/09/2020. They are subject to change from year to year. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

Page 3 / 4 55 Factsheet: DWS Vermögensbildungsfonds I

Equity Funds - USA

Opportunities In accordance with the investment policy.

Risks • The fund invests in equities. Equities are subject to strong price fluctuations and thus also to the risk of price decreases. • Due to its composition/the techniques used by the Fund management, the investment fund has elevated volatility, i.e. the share price may be subject to significant fluctuations up or down within short periods of time. The share value may fall below the purchase price at which the customer acquired the share at any time.

Important note on the investor profile:

Page 4 / 4 56 Equity Funds

USA Marketing Material Factsheet: DWS Invest CROCI US

Equity Funds - USA

August 2021 As at 31/08/2021

Fund Benchmark: S&P 500 TR Net Calculation of performance is based on the time-weighted return and excludes front-end fees. Individual costs such as fees, commissions and Fund Management's Comment other charges have not been included in this presentation and would have an adverse impact on returns if they were included. Past performance is not a reliable indicator of future returns. The CROCI US fund is driven by a CROCI Strategy that seeks to invest in approximately 40 US stocks with the most attractive (lowest) CROCI Economic Price Earnings ratios. Cumulative performance (in %) - share class USD LC(USD) On 30 August 2018 the dbPlatinum CROCI 1 m 1 y 3 y 5 y s. Inception YTD 3 y avg 5 y avg 2019 2020 US fund merged into this fund with a consistent investment policy. The performance history prior to this date reflects USD 0.5 41.9 39.8 -- 39.3 24.7 11.8 -- 30.5 -0.5 that of the dbPlatinum fund. EUR 1.2 42.1 38.0 -- 37.7 29.4 11.3 -- 33.3 -9.2 US equities rose in August, with the benchmark S&P500 increasing by 3.0%. The BM IN USD 3.0 30.6 61.9 -- 62.0 22.0 17.4 -- 31.4 17.3 market was led by Financials (+5.1%) & The information regarding this product is based on USD. For this reason, the performance in Euros of this product may rise or fall on the basis of currency fluctuations. Communication Services (+5.0%). Energy (- 2.3%), and Industrials (1.1%) lagged. Reflecting the distribution seen in the Economic Price Earnings ratios, CROCI US is overweight Health Care & Consumer Staples, while it’s underweight Information Technology and Financials (where the fund is not permitted to invest). In August, both sector allocation and stock selection contributed negatively towards relative performance vs benchmark. The fund appreciated by 0.5% (LC class in USD) and Portfolio Analysis stands +24.7% year-to-date. Breakdown by Sector (Equities) (in % of fund volume) Principal Holdings (Equities) (in % of fund volume) Portfolio Breakdown according to MSCI Regeneron Pharmaceuticals Inc (Health Care) 2.7 Health Care 33.0 Bath & Body Works Inc (Consumer Discretionary) 2.7 Consumer Discretionary 12.4 AbbVie Inc (Health Care) 2.6 Information Technology 10.3 Olin Corp (Materials) 2.6 Materials 10.1 Communication Services 9.9 Cognizant Technology Solutions Corp (Information 2.6 Industrials 9.8 Gilead Sciences Inc (Health Care) 2.6 Consumer Staples 9.8 Hewlett Packard Enterprise Co (Information Techn 2.6 Morningstar Style-Box™ Energy 4.9 Altria Group Inc (Consumer Staples) 2.6 Market Capitalization Flex Ltd (Information Technology) 2.6 Large Masco Corp (Industrials) 2.6 Total 26.2

Mid Gross weighting, not adjusted for derivative positions. Gross weighting, not adjusted for derivative positions.

Small Breakdown by Country (Equities) (in % of fund volume) Asset Allocation (in % of fund volume)

USA 97.7 Equities 100.1 Value Growth Great Britain 2.3 Cash and other assets -0.1 Blend Investment Style

Morningstar Category™ US Large-Cap Value Equity

Ratings (As at: 30/07/2021) Morningstar Overall Rating™: «««

Lipper Leaders: Gross weighting, not adjusted for derivative positions.

Note: The key terms are explained in the glossary. Page 1 / 4 58 Marketing Material Factsheet: DWS Invest CROCI US

Equity Funds - USA

August 2021 As at 31/08/2021

Portfolio Analysis Breakdown by Currency (in % of fund volume) Market Capitalization (in % of fund volume)

United States dollar 100.0 > 10 Bn. 80.6 > 5 Bn. < 10 Bn. 14.5 > 1 Bn. < 5 Bn. 4.9

Incl. forward exchange transactions, negative and positive figures reflect expected Gross weighting, not adjusted for derivative positions. The calculation is based on currency developments. Euro.

Key Figures regarding the Fund's Assets Number of Shares 40 Dividend Yield (in %) 2.2 Ø Market Cap 53,065.7 Mio. USD

Cumulative performance (in %) 1 m 1 y 3 y 5 y s. YTD 3 y avg 5 y avg 2019 2020 Inception

GBP TFC(GBP) 1.7 37.6 33.6 -- 33.5 23.5 10.1 -- 26.6 -3.4 IC(EUR) 1.0 43.4 -- -- 44.8 30.2 -- -- 34.2 -8.8 ICH(EUR) 0.5 41.1 33.2 -- 33.0 24.4 10.0 -- 27.3 -2.3 LC(EUR) 1.0 42.2 36.5 -- 36.3 29.5 10.9 -- 33.0 -9.7 LCH(EUR) 0.4 39.8 29.5 -- 29.0 23.7 9.0 -- 26.4 -3.1 TFC(EUR) 1.0 43.4 -- -- 43.5 30.2 -- -- 34.2 -8.9 USD IC(USD) 0.5 42.7 42.1 -- 41.6 25.2 12.4 -- 31.3 0.0 USD LC(USD) 0.5 41.9 39.8 -- 39.3 24.7 11.8 -- 30.5 -0.5 USD TFC(USD) 0.5 42.6 41.9 -- 41.4 25.1 12.4 -- 31.2 0.0

Page 2 / 4 59 Marketing Material Factsheet: DWS Invest CROCI US

Equity Funds - USA

August 2021 As at 31/08/2021

Fund Data Portfolio Manager Julien Boulliat Assets 179.5 Mio. USD Portfolio Manager since 03/06/2019 Fund Currency USD Portfolio Management Company DWS Investment GmbH & DWS Investments UK Limited Launch Date 30/08/2018 Portfolio Management Location Multi manager Fiscal Year End 31/12/2021 Management Company DWS Investment S.A. Investor profile Risk-tolerant Legal Structure SICAV Custodian State Street Bank GmbH, Lux. Share Classes Share Cur. ISIN Code German Earnings Front-end Load ¹ Issue Price Redemption Interim Gains Management Running costs / plus Minimum Class Sec. Code up to Price Fee TER performance- Invest- related fee ment Amount

GBP TFC GBP LU1769938801 DWS 2US Accumulation 0.00% 260.42 260.42 0.500% 0.60% (1) -- -- IC EUR LU1900875656 DWS 2ZG Accumulation 0.00% 144.81 144.81 0.500% 0.56% (1) -- 10,000,000 ICH EUR LU1769938983 DWS 2UT Accumulation 0.00% 220.81 220.81 0.500% 0.58% (1) -- 10,000,000 LC EUR LU1769939015 DWS 2UU Accumulation 2.00% 139.11 136.33 1.300% 1.36% (1) -- -- LCH EUR LU1769939106 DWS 2UV Accumulation 2.00% 245.48 240.57 1.300% 1.44% (1) -- -- TFC EUR LU1902613287 DWS 2ZJ Accumulation 0.00% 143.46 143.46 0.500% 0.60% (1) -- -- USD IC USD LU1769939288 DWS 2UW Accumulation 0.00% 505.95 505.95 0.500% 0.58% (1) -- 10,000,000 USD LC USD LU1769939361 DWS 2UX Accumulation 2.00% 460.36 451.16 1.000% 1.11% (1) -- -- USD TFC USD LU1769939445 DWS 2UY Accumulation 0.00% 225.34 225.34 0.500% 0.61% (1) -- -- (1) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 31/12/2020. They are subject to change from year to year. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

DWS Investment GmbH ¹ Based on the gross investment.

Page 3 / 4 60 Factsheet: DWS Invest CROCI US

Equity Funds - USA

Opportunities In accordance with the investment policy.

Important note on the investor profile:

Page 4 / 4 61 Marketing Material Factsheet: DWS Invest CROCI US Dividends

Equity Funds - USA

August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance - Share Class USD LC(USD) (in %) The sub-fund’s assets are invested in largecap US equities selected according to the CROCI methodology and the CROCI US Dividends Strategy. The Strategy seeks to select the 40 shares with the lowest CROCI Economic Price Earnings Ratios after removing those that do not meet dividend sustainability screens based on cash returns, financial leverage and volatility. Stocks with a zero or below median dividend yield are excluded. The sub-fund is periodically reconstituted with the intention that each stock is equally weighted. Companies in the Financials and Real Estate sectors are not eligible. Fund Benchmark: S&P 500 TR Net Calculation of performance is based on the time-weighted return and excludes front-end fees. Individual costs such as fees, commissions and Fund Management's Comment other charges have not been included in this presentation and would have an adverse impact on returns if they were included. Past performance is not a reliable indicator of future returns. The CROCI US Dividends fund is driven by a CROCI Strategy that seeks to invest in approximately 40 US equities with the most attractive (lowest) CROCI Economic Price Cumulative performance (in %) - share class USD LC(USD) Earnings ratios after excluding stocks that do 1 m 1 y 3 y 5 y s. Inception YTD 3 y avg 5 y avg 2019 2020 not meet various dividend sustainability screens. On 28 August 2018 the dbPlatinum CROCI USD 1.3 28.8 40.9 -- 39.9 18.6 12.1 -- 27.7 4.2 US Dividends fund merged into this fund with EUR 2.0 29.0 39.1 -- 38.3 23.1 11.6 -- 30.5 -4.9 a consistent investment policy. The performance history prior to this date reflects BM IN USD 3.0 30.6 61.9 -- 62.2 22.0 17.4 -- 31.4 17.3 that of the dbPlatinum fund. The information regarding this product is based on USD. For this reason, the performance in Euros of this product may rise or fall on the basis of currency fluctuations. US equities rose in August, with the benchmark S&P500 increasing by 3.0%. The market was led by Financials (+5.1%) & Communication Services (+5.0%). Energy (- 2.3%), and Industrials (1.1%) lagged. Reflecting the distribution seen in the Economic Price Earnings ratios after the screening, CROCI US Dividends is overweight Consumer Staples and Health Care, while it’s underweight Communication Services and Financials (where the fund is not permitted to invest). Portfolio Analysis In August, both stock selection and sector Breakdown by Sector (Equities) (in % of fund volume) Principal Holdings (Equities) (in % of fund volume) allocation contributed negatively to the Portfolio Breakdown according to MSCI relative performance vs index. The fund Garmin Ltd (Consumer Discretionary) 3.0 appreciated by 1.3% (LC class in USD) and Consumer Staples 24.7 Kroger Co/The (Consumer Staples) 3.0 stands +18.6% year-to-date. Health Care 23.3 Quest Diagnostics Inc/DE (Health Care) 2.9 Consumer Discretionary 15.3 Pfizer Inc (Health Care) 2.9 Information Technology 14.8 Industrials 12.0 Cisco Systems Inc/Delaware (Information Technol 2.7 Materials 5.0 Amcor PLC (Materials) 2.6 Utilities 4.7 Johnson & Johnson (Health Care) 2.6 Morningstar Style-Box™ Gilead Sciences Inc (Health Care) 2.6 Market Capitalization Kimberly-Clark Corp (Consumer Staples) 2.6 Large Best Buy Co Inc (Consumer Discretionary) 2.6 Total 27.5

Mid Gross weighting, not adjusted for derivative positions. Gross weighting, not adjusted for derivative positions.

Small Breakdown by Country (Equities) (in % of fund volume) Asset Allocation (in % of fund volume)

USA 94.7 Equities 99.7 Value Growth Jersey 2.6 Cash and other assets 0.3 Blend Guernsey 2.4 Future Long 0.2 Investment Style

Morningstar Category™ US Large-Cap Value Equity

Ratings (As at: 30/07/2021) Morningstar Overall Rating™: ««««

Lipper Leaders: Gross weighting, not adjusted for derivative positions.

Note: The key terms are explained in the glossary. Page 1 / 4 62 Marketing Material Factsheet: DWS Invest CROCI US Dividends

Equity Funds - USA

August 2021 As at 31/08/2021

Portfolio Analysis Breakdown by Currency (in % of fund volume) Market Capitalization (in % of fund volume)

United States dollar 100.0 > 10 Bn. 92.6 > 5 Bn. < 10 Bn. 7.1

Incl. forward exchange transactions, negative and positive figures reflect expected Gross weighting, not adjusted for derivative positions. The calculation is based on currency developments. Euro.

Key Figures regarding the Fund's Assets Number of Shares 40 Dividend Yield (in %) 3.1 Ø Market Cap 83,634.7 Mio. USD

Cumulative performance (in %) 1 m 1 y 3 y 5 y s. YTD 3 y avg 5 y avg 2019 2020 Inception

TFC(EUR) 1.8 30.2 40.8 -- 40.9 23.7 12.1 -- 31.2 -4.6 TFD(EUR)(1) ------USD IC(USD) 1.4 29.5 43.2 -- 42.2 19.0 12.7 -- 28.4 4.7 USD IC50(USD) 1.4 29.7 -- -- 41.7 19.2 ------4.9 USD ID(USD) 1.4 29.5 43.2 -- 42.2 19.0 12.7 -- 28.4 4.7 USD LC(USD) 1.3 28.8 40.9 -- 39.9 18.6 12.1 -- 27.7 4.2 USD LD(USD) 1.3 28.8 40.9 -- 39.9 18.6 12.1 -- 27.7 4.2 USD TFC(USD)(1) ------(1) The presentation of performance occurs after a period of at least one year following launch of the Fund / unit class.

Page 2 / 4 63 Marketing Material Factsheet: DWS Invest CROCI US Dividends

Equity Funds - USA

August 2021 As at 31/08/2021

Fund Data Portfolio Manager Julien Boulliat Assets 279.4 Mio. USD Portfolio Manager since 03/06/2019 Fund Currency USD Portfolio Management Company DWS Investment GmbH & DWS Investments UK Limited Launch Date 28/08/2018 Portfolio Management Location Multi manager Fiscal Year End 31/12/2021 Management Company DWS Investment S.A. Investor profile Risk-tolerant Legal Structure SICAV Custodian State Street Bank GmbH, Lux. Share Classes Share Cur. ISIN Code German Earnings Front-end Load ¹ Issue Price Redemption Interim Gains Management Running costs / plus Minimum Class Sec. Code up to Price Fee TER performance- Invest- related fee ment Amount

TFC EUR LU1769942407 DWS 2VP Accumulation 0.00% 266.28 266.28 0.500% 0.59% (2) -- -- TFD EUR LU2315795679 DWS 3BJ Distribution 0.00% 105.25 105.25 0.500% 0.63% (3) -- -- USD IC USD LU1769942589 DWS 2VQ Accumulation 0.00% 315.56 315.56 0.500% 0.56% (2) -- 10,000,000 USD IC50 USD LU1949850454 DWS 20P Accumulation 0.00% 141.67 141.67 0.350% 0.41% (2) -- 50,000,000 USD ID USD LU1769942662 DWS 2VR Distribution 0.00% 263.89 263.89 0.500% 0.57% (2) -- 10,000,000 USD LC USD LU1769942746 DWS 2VS Accumulation 5.00% 316.59 300.76 1.000% 1.11% (2) -- -- USD LD USD LU1769942829 DWS 2VT Distribution 5.00% 267.92 254.52 1.000% 1.11% (2) -- -- USD TFC USD LU2313464575 DWS 3BG Accumulation 0.00% 106.06 106.06 0.500% 0.63% (3) -- -- (2) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 31/12/2020. They are subject to change from year to year. (3) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. The total expenses listed here represent an estimate since the Fund was launched on (TFD:15/04/2021, USD TFC:31/03/2021). Actual expenses will be calculated and published once the first financial year has ended. The annual report for each financial year will contain the expense details with their precise calculation. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

DWS Investment GmbH ¹ Based on the gross investment.

Page 3 / 4 64 Factsheet: DWS Invest CROCI US Dividends

Equity Funds - Asia

Opportunities In accordance with the investment policy.

Important note on the investor profile:

Page 4 / 4 65 Equity Funds

Asia Marketing Material Factsheet: DWS ESG Top Asien

Equity Funds - Asia

August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance - Share Class LC (in %) Equities of companies in the Asia-Pacific region, including Japan, which we believe have a solid financial base, long-term earnings strength, strong market position and good growth prospects. As part of the securities selection process, a company’s environmental and social performance as well as its corporate governance (ESG criteria - Environmental, Social and Governance) are taken into account in addition to the company’s financial performance.

EUR 2.9 22.1 33.7 58.5 485.8 6.3 10.2 9.7 22.0 -12.9 23.6 13.1

Further Characteristics (3 years) / VAR (1 year) - share class LC Volatility 15.35% Maximum Drawdown -15.72% VAR (99%/10 days) 6.85% Sharpe Ratio 0.67 Information Ratio -- Correlation Coefficient -- Alpha -- Beta -- Tracking Error --

Portfolio Analysis Breakdown by Sector (Equities) (in % of fund volume) Principal Holdings (Equities) (in % of fund volume) Portfolio Breakdown according to MSCI Taiwan Semiconductor Manufacturing Co Ltd (Info 8.2 Financials 27.9 DBS Group Holdings Ltd (Financials) 4.3 Information Technology 24.8 Infosys Ltd (Information Technology) 4.1 Consumer Discretionary 16.1 Sea Ltd (Communication Services) 4.0 Communication Services 10.5 Health Care 3.8 AIA Group Ltd (Financials) 3.7 Industrials 3.4 HDFC Bank Ltd (Financials) 3.2 Materials 2.0 Sony Group Corp (Consumer Discretionary) 3.1 Morningstar Style-Box™ Real Estate 1.2 Kakao Corp (Communication Services) 2.6 Consumer Staples 0.9 Market Capitalization HOYA CORP (Health Care) 2.4 Large Toyota Motor Corp (Consumer Discretionary) 2.4 Total 38.0

Mid Gross weighting, not adjusted for derivative positions. Gross weighting, not adjusted for derivative positions.

Small Breakdown by Country (Equities) (in % of fund volume) Asset Allocation (in % of fund volume)

Japan 20.9 Equities 90.6 Value Growth Korea 13.3 Cash and other assets 9.4 Blend Taiwan 13.0 Investment Style India 10.8 Cayman Islands 7.6 Morningstar Category™ Hongkong SAR 6.0 Asia-Pacific Equity Singapore 5.3 China 5.2 Australia 3.1 Ratings (As at: 30/07/2021) Great Britain 2.4 Morningstar Overall Rating™: «««« USA 1.5 Other Countries 1.5 Lipper Leaders: Gross weighting, not adjusted for derivative positions.

Note: The key terms are explained in the glossary. Page 1 / 4 67 Marketing Material Factsheet: DWS ESG Top Asien

Equity Funds - Asia

August 2021 As at 31/08/2021

Portfolio Analysis Breakdown by Currency (in % of fund volume) Market Capitalization (in % of fund volume)

Japanese yen 22.8 > 10 Bn. 90.6 United States dollar 16.2 Hong Kong dollar 14.9 South Korean won 14.4 Taiwan dollar - new - 13.9 Singapore dollar 5.3 Indian rupee 5.2 Australian dollar 3.1 Euro 1.7 Indonesian rupiah 1.3 Other Currencies 1.3 Incl. forward exchange transactions, negative and positive figures reflect expected Gross weighting, not adjusted for derivative positions. The calculation is based on currency developments. Euro.

Key Figures regarding the Fund's Assets Number of Shares 51 Dividend Yield (in %) 1.8 Ø Market Cap 128,003.6 Mio. EUR

Cumulative performance (in %) 1 m 1 y 3 y 5 y s. YTD 3 y avg 5 y avg 2017 2018 2019 2020 Inception

LC 2.9 22.1 33.7 58.5 485.8 6.3 10.2 9.7 22.0 -12.9 23.6 13.1 TFC 3.0 22.7 35.9 -- 36.5 6.7 10.8 ------24.3 13.7

Page 2 / 4 68 Marketing Material Factsheet: DWS ESG Top Asien

Equity Funds - Asia

August 2021 As at 31/08/2021

Fund Data Portfolio Manager Sean Taylor Assets 2,143.5 Mio. EUR Portfolio Manager since 01/04/2013 Fund Currency EUR Portfolio Management Company DWS Investments Hong Kong Limited Launch Date 29/04/1996 Portfolio Management Location Hong Kong Fiscal Year End 30/09/2021 Management Company DWS Investment GmbH Investor profile Growth-oriented Legal Structure Fund Custodian State Street Bank International GmbH Share Classes Share Cur. ISIN Code German Earnings Front-end Load Issue Price Redemption Interim Gains All-in-Fee Running costs / plus Minimum Class Sec. Code Price TER performance- Invest- related fee ment Amount

LC EUR DE0009769760 976 976 Accumulation 4.00% 232.40 223.45 1.450% 1.45% (1) -- -- TFC EUR DE000DWS2UF0 DWS 2UF Accumulation 0.00% 136.54 136.54 0.900% 0.90% (1) -- -- (1) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 30/09/2020. They are subject to change from year to year. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

Page 3 / 4 69 Factsheet: DWS ESG Top Asien

Equity Funds - Asia

Opportunities In accordance with the investment policy.

Risks • The fund uses derivatives on underlyings so as to participate in their increases in value or to bet on their losses in value. The increased opportunities associated with this are accompanied by increased risk of loss. Furthermore, derivative transactions may be used to hedge the fund’s assets. The use of derivative transactions for hedging purposes may reduce the fund’s upside opportunities. • The fund invests its assets in selected regions or sectors. This increases the risk that the fund may be negatively influenced by the economic and political conditions in the respective regions or sectors. • The fund invests in equities. Equities are subject to strong price fluctuations and thus also to the risk of price decreases. • The fund invests in emerging markets. Investing in assets from the emerging markets generally entails a greater risk (potentially including considerable legal, economic and political risks) than investing in assets from the markets of established countries. • The fund invests in the People's Republic of China. Investments in the People's Republic of China are associated with risks resulting from the special legal, political and economic environment. The future political direction of the Chinese government is uncertain, there is the risk of negative performance due to government interventions and restrictions. • Due to its composition/the techniques used by the Fund management, the investment fund has elevated volatility, i.e. the share price may be subject to significant fluctuations up or down within short periods of time. The share value may fall below the purchase price at which the customer acquired the share at any time.

Important note on the investor profile:

Page 4 / 4 70 Marketing Material Factsheet: DWS Invest CROCI Japan

Equity Funds - Asia

August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance - Share Class JPY LC(JPY) (in %) The sub-fund’s assets are invested in largecap Japanese equities selected according to the CROCI methodology and the CROCI Japan Strategy. The Strategy seeks to select the 30 shares with the lowest CROCI Economic Price Earnings Ratios. The sub- fund is periodically reconstituted with the intention that each stock is equally weighted. Companies in the Financials and Real Estate sectors are not eligible for selection.

Fund Benchmark (since 13/09/2018): TOPIX 100 (RI) Calculation of performance is based on the time-weighted return and excludes front-end fees. Individual costs such as fees, commissions and Fund Management's Comment other charges have not been included in this presentation and would have an adverse impact on returns if they were included. Past performance is not a reliable indicator of future returns. The CROCI Japan fund is driven by a CROCI Strategy that seeks to invest in approximately 30 Japanese equities with the most attractive (lowest) CROCI Economic Price Earnings Cumulative performance (in %) - share class JPY LC(JPY) ratios. 1 m 1 y 3 y 5 y s. Inception YTD 3 y avg 5 y avg 2019 2020 On 30 August 2018 the dbPlatinum CROCI Japan fund merged into this fund with a consistent investment policy. The JPY 2.2 24.4 25.5 -- 24.9 10.1 7.9 -- 22.6 8.4 performance history prior to this date reflects EUR 2.6 20.2 24.9 -- 25.4 7.4 7.7 -- 26.7 4.6 that of the dbPlatinum fund. The Topix 100 index appreciated by 3.1% in BM IN JPY 3.1 25.4 25.6 -- 25.2 10.3 7.9 -- 19.5 8.9 August. Leading sectors were Information The information regarding this product is based on JPY. For this reason, the performance in Euros of this product may rise or fall on the basis of currency fluctuations. Technology (+6.9%), and Healthcare (+7.8%). Energy (-7.3%) and Communication Services (-1.6%) lagged. Reflecting the distribution seen in the Economic Price Earnings ratios, CROCI Japan is overweight Materials and Health Care, while it’s underweight Financials (where the fund is not permitted to invest), and Industrials. In August, Stock selection contributed negatively to the relative performance vs benchmark and was partially offset by sector Portfolio Analysis allocation. The fund appreciated by 2.2% (LC Breakdown by Sector (Equities) (in % of fund volume) Principal Holdings (Equities) (in % of fund volume) class in JPY) and stands +10.1% year-to- Portfolio Breakdown according to MSCI date. Shionogi & Co Ltd (Health Care) 4.1 Health Care 20.8 Dentsu Group Inc (Communication Services) 3.6 Consumer Discretionary 19.8 Murata Manufacturing Co Ltd (Information Technol 3.6 Materials 15.8 Ono Pharmaceutical Co Ltd (Health Care) 3.6 Information Technology 13.2 Industrials 10.0 Fujitsu Ltd (Information Technology) 3.6 Communication Services 9.5 Sony Group Corp (Consumer Discretionary) 3.5 Utilities 6.5 Bridgestone Corp (Consumer Discretionary) 3.4 Morningstar Style-Box™ Consumer Staples 3.3 ITOCHU Corp (Industrials) 3.4 Market Capitalization Kubota Corp (Industrials) 3.4 Large Sekisui House Ltd (Consumer Discretionary) 3.4 Total 35.6

Mid Gross weighting, not adjusted for derivative positions. Gross weighting, not adjusted for derivative positions.

Small Breakdown by Country (Equities) (in % of fund volume) Asset Allocation (in % of fund volume)

Japan 99.0 Equities 99.0 Value Growth Cash and other assets 1.0 Blend Future Long 0.6 Investment Style

Morningstar Category™ Japan Large-Cap Equity

Ratings (As at: 30/07/2021) Morningstar Overall Rating™: ««««

Lipper Leaders: Gross weighting, not adjusted for derivative positions.

Note: The key terms are explained in the glossary. Page 1 / 4 71 Marketing Material Factsheet: DWS Invest CROCI Japan

Equity Funds - Asia

August 2021 As at 31/08/2021

Portfolio Analysis Breakdown by Currency (in % of fund volume) Market Capitalization (in % of fund volume)

Japanese yen 100.0 > 10 Bn. 79.3 > 5 Bn. < 10 Bn. 19.6

Incl. forward exchange transactions, negative and positive figures reflect expected Gross weighting, not adjusted for derivative positions. The calculation is based on currency developments. Euro.

Key Figures regarding the Fund's Assets Number of Shares 30 Dividend Yield (in %) 2.3 Ø Market Cap 4,730,445.0 Mio. JPY

Cumulative performance (in %) 1 m 1 y 3 y 5 y s. YTD 3 y avg 5 y avg 2019 2020 Inception

GBP TFC(GBP) 3.5 15.9 21.2 -- 21.6 2.5 6.6 -- 20.6 11.3 ICH(EUR) 2.2 24.3 24.5 -- 24.0 10.1 7.6 -- 22.6 7.6 JPY IC(JPY) 2.3 25.1 27.7 -- 27.1 10.6 8.5 -- 23.3 9.1 JPY IC7500(JPY) 2.3 25.3 -- -- 35.9 10.7 ------9.2 JPY LC(JPY) 2.2 24.4 25.5 -- 24.9 10.1 7.9 -- 22.6 8.4 LCH(EUR) 2.1 23.2 21.8 -- 21.3 9.5 6.8 -- 22.0 6.7 TFD(EUR) 2.7 20.9 -- -- 33.6 8.0 ------5.0 USD ICH(USD) 2.3 25.7 33.2 -- 32.7 10.8 10.0 -- 26.2 10.1

Page 2 / 4 72 Marketing Material Factsheet: DWS Invest CROCI Japan

Equity Funds - Asia

August 2021 As at 31/08/2021

Fund Data Portfolio Manager Julien Boulliat Assets 33,963.4 Mio. JPY Portfolio Manager since 03/06/2019 Fund Currency JPY Portfolio Management Company DWS Investment GmbH & DWS Investments UK Limited Launch Date 30/08/2018 Portfolio Management Location Multi manager Fiscal Year End 31/12/2021 Management Company DWS Investment S.A. Investor profile Risk-tolerant Legal Structure SICAV Custodian State Street Bank GmbH, Lux. Share Classes Share Cur. ISIN Code German Earnings Front-end Load ¹ Issue Price Redemption Interim Gains Management Running costs / plus Minimum Class Sec. Code up to Price Fee TER performance- Invest- related fee ment Amount

GBP TFC GBP LU1769941854 DWS 2VH Accumulation 0.00% 222.37 222.37 0.500% 0.63% (1) -- -- ICH EUR LU1769941938 DWS 2VJ Accumulation 0.00% 209.26 209.26 0.500% 0.63% (1) -- 10,000,000 JPY IC JPY LU1769942076 DWS 2VK Accumulation 0.00% 26,508.50 26,508.50 0.500% 0.59% (1) -- 1,500,000,000 JPY IC7500 JPY LU1949850371 DWS 20N Accumulation 0.00% 13,586.07 13,586.07 0.350% 0.41% (1) -- 7,500,000,000 JPY LC JPY LU1769942159 DWS 2VL Accumulation 2.00% 23,906.75 23,428.62 1.000% 1.15% (1) -- -- LCH EUR LU1769942233 DWS 2VM Accumulation 2.00% 274.24 268.76 1.300% 1.45% (1) -- -- TFD EUR LU1948756140 DWS 20M Distribution 0.00% 127.20 127.20 0.500% 0.37% (1) -- -- USD ICH USD LU1769942316 DWS 2VN Accumulation 0.00% 234.09 234.09 0.500% 0.64% (1) -- 10,000,000 (1) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 31/12/2020. They are subject to change from year to year. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

DWS Investment GmbH ¹ Based on the gross investment.

Page 3 / 4 73 Factsheet: DWS Invest CROCI Japan

Equity Funds - Asia

Opportunities In accordance with the investment policy.

Important note on the investor profile:

Page 4 / 4 74 Marketing Material Factsheet: DWS Invest Top Asia

Equity Funds - Asia

August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance - Share Class LC(EUR) (in %) The fund invests primarily in equities of issuers having their registered office or principal business activity in Asia. A company is viewed as having its principal business activity in Asia if the greatest part of its earnings or revenues is generated there. Considered as Asian issuers are companies having their registered office or principal business activity in Hong Kong, India, Indonesia, Korea, Malaysia, the Philippines, Singapore, Taiwan, Thailand and the People’s Republic of China. In this context, the selection of individual investments is the responsibility of the fund management.

Fund Benchmark* *Benchmark: MSCI AC Asia ex Japan TR Net (EUR) - 15.8.18 Fund Management's Comment Calculation of performance is based on the time-weighted return and excludes front-end fees. Individual costs such as fees, commissions and other charges have not been included in this presentation and would have an adverse impact on returns if they were included. Past performance is not a reliable indicator of future returns. You can find the Fund management's detailed commentary in DWS Flagship Fund Reporting and on the individual pages of the factsheets. Cumulative performance (in %) - share class LC(EUR) 1 m 1 y 3 y 5 y s. Inception YTD 3 y avg 5 y avg 2017 2018 2019 2020

EUR 1.2 10.9 23.8 46.8 245.1 -0.3 7.4 8.0 21.8 -12.5 23.5 11.0 BM IN EUR 2.8 19.2 32.1 61.2 291.1 5.2 9.7 10.0 22.0 -10.6 21.6 13.2

Further Characteristics (3 years) / VAR (1 year) - share class LC(EUR) Volatility 16.57% Maximum Drawdown -16.08% VAR (99%/10 days) 8.30% Sharpe Ratio 0.47 Information Ratio -0.84 Correlation Coefficient 0.99 Alpha -2.01% Beta 0.98 Tracking Error 2.57%

Portfolio Analysis Breakdown by Sector (Equities) (in % of fund volume) Principal Holdings (Equities) (in % of fund volume) Portfolio Breakdown according to MSCI Taiwan Semiconductor Manufacturing Co Ltd (Info 9.1 Financials 21.8 Samsung Electronics Co Ltd (Information Technol 6.1 Information Technology 17.3 Tencent Holdings Ltd (Communication Services) 5.9 Consumer Discretionary 13.9 Alibaba Group Holding Ltd (Consumer Discretiona 4.9 Communication Services 12.2 Real Estate 7.0 AIA Group Ltd (Financials) 3.8 Materials 6.5 CTBC Financial Holding Co Ltd (Financials) 2.8 Energy 5.2 Formosa Plastics Corp (Materials) 2.5 Morningstar Style-Box™ Industrials 4.1 NAVER Corp (Communication Services) 2.1 Consumer Staples 3.1 Market Capitalization Sun Hung Kai Properties Ltd (Real Estate) 1.7 Health Care 1.4 Large CapitaLand Ltd (Real Estate) 1.7 Total 40.6

Mid Gross weighting, not adjusted for derivative positions. Gross weighting, not adjusted for derivative positions.

Small Breakdown by Country (Equities) (in % of fund volume) Asset Allocation (in % of fund volume)

China 24.8 Equities 91.7 Value Growth Taiwan 14.9 REITs 0.7 Blend Korea 14.6 Cash and other assets 7.7 Investment Style India 13.3 Hongkong SAR 11.2 Morningstar Category™ Cayman Islands 5.1 Asia ex-Japan Equity Singapore 3.6 Thailand 2.5 Malaysia 0.7 Ratings (As at: 30/07/2021) USA 0.7 Morningstar Overall Rating™: «« Indonesia 0.7 Other Countries 0.4 Lipper Leaders: Gross weighting, not adjusted for derivative positions.

Note: The key terms are explained in the glossary. Page 1 / 4 75 Marketing Material Factsheet: DWS Invest Top Asia

Equity Funds - Asia

August 2021 As at 31/08/2021

Portfolio Analysis Breakdown by Currency (in % of fund volume) Market Capitalization (in % of fund volume)

Hong Kong dollar 32.3 > 10 Bn. 82.2 South Korean won 15.9 > 5 Bn. < 10 Bn. 5.5 Taiwan dollar - new - 15.6 > 1 Bn. < 5 Bn. 3.7 United States dollar 14.1 < 1 Bn. 0.3 Indian rupee 11.0 Others 0.7 Singapore dollar 3.6 Thai baht 2.5 Chinese yuan renminbi 1.3 Euro 0.9 Malaysian ringgit 0.8 Other Currencies 1.9 Incl. forward exchange transactions, negative and positive figures reflect expected Gross weighting, not adjusted for derivative positions. The calculation is based on currency developments. Euro.

Key Figures regarding the Fund's Assets Number of Shares 86 Dividend Yield (in %) 2.1 Ø Market Cap 154,131.8 Mio. EUR

Cumulative performance (in %) 1 m 1 y 3 y 5 y s. YTD 3 y avg 5 y avg 2017 2018 2019 2020 Inception

FC(EUR) 1.3 11.8 26.6 52.5 303.3 0.2 8.2 8.8 22.7 -11.8 24.4 11.9 GBP D RD(GBP) 2.0 7.1 21.0 53.7 218.7 -4.9 6.6 9.0 27.7 -10.3 17.4 18.7 LC(EUR) 1.2 10.9 23.8 46.8 245.1 -0.3 7.4 8.0 21.8 -12.5 23.5 11.0 LD(EUR) 1.2 10.9 23.8 46.8 245.1 -0.3 7.4 8.0 21.8 -12.5 23.5 11.0 NC(EUR) 1.1 10.2 21.2 41.8 201.6 -0.7 6.6 7.2 20.9 -13.1 22.6 10.3 TFC(EUR) 1.3 11.8 26.5 -- 24.9 0.2 8.2 -- -- -11.8 24.3 11.9 TFD(EUR) 1.3 11.8 26.7 -- 25.2 0.2 8.2 -- -- -11.8 24.5 11.9 USD FC(USD) 0.8 10.8 28.8 62.0 121.2 -3.6 8.8 10.1 39.5 -15.7 21.8 22.8 USD LC(USD) 0.7 10.0 25.7 56.1 102.3 -4.1 7.9 9.3 38.4 -16.5 20.8 21.9 USD TFC(USD) 0.8 10.8 28.7 -- 24.9 -3.6 8.8 -- -- -15.7 21.8 22.8

Page 2 / 4 76 Marketing Material Factsheet: DWS Invest Top Asia

Equity Funds - Asia

August 2021 As at 31/08/2021

Fund Data Portfolio Manager Sean Taylor Elke Schoeppl-Jost Assets 323.2 Mio. EUR Portfolio Manager since 26/05/2014 Fund Currency EUR Portfolio Management Company DWS Investment GmbH & DWS Investments Hong Kong Launch Date 03/06/2002 Portfolio Management Location Hong Kong Fiscal Year End 31/12/2021 Management Company DWS Investment S.A. Investor profile Growth-oriented Legal Structure SICAV Custodian State Street Bank GmbH, Lux. Share Classes Share Cur. ISIN Code German Earnings Front-end Load ¹ Issue Price Redemption Interim Gains Management Running costs / plus Minimum Class Sec. Code up to Price Fee TER performance- Invest- related fee ment Amount

FC EUR LU0145649181 552 524 Accumulation 0.00% 403.26 403.26 0.750% 0.84% (1) -- 2,000,000 GBP D RD GBP LU0399358562 DWS 0V3 Distribution 0.00% 273.18 273.18 0.750% 0.85% (1) -- -- LC EUR LU0145648290 552 521 Accumulation 5.00% 363.29 345.12 1.500% 1.60% (1) -- -- LD EUR LU0145648456 552 522 Distribution 5.00% 333.91 317.21 1.500% 1.60% (1) -- -- NC EUR LU0145648886 552 523 Accumulation 3.00% 310.91 301.58 2.000% 2.30% (1) -- -- TFC EUR LU1663946868 DWS 2RN Accumulation 0.00% 124.91 124.91 0.750% 0.91% (1) -- -- TFD EUR LU1663948211 DWS 2RP Distribution 0.00% 119.84 119.84 0.750% 0.81% (1) -- -- USD FC USD LU0273174648 DWS 0AR Accumulation 0.00% 221.24 221.24 0.750% 0.85% (1) -- 2,000,000 USD LC USD LU0273161231 DWS 0AQ Accumulation 5.00% 212.91 202.26 1.500% 1.60% (1) -- -- USD TFC USD LU1663949888 DWS 2RQ Accumulation 0.00% 124.86 124.86 0.750% 0.85% (1) -- -- (1) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 31/12/2020. They are subject to change from year to year. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

DWS Investment GmbH ¹ Based on the gross investment.

Page 3 / 4 77 Factsheet: DWS Invest Top Asia

Equity Funds - Emerging Markets

Opportunities In accordance with the investment policy.

Risks • The fund invests its assets in selected regions or sectors. This increases the risk that the fund may be negatively influenced by the economic and political conditions in the respective regions or sectors. • The fund invests in equities. Equities are subject to strong price fluctuations and thus also to the risk of price decreases. • The fund invests in bonds, the value of which depends on whether the issuer is able to afford its payments. The deterioration of credit quality (ability and willingness to repay) may have an adverse affect on the value of the bond. • Due to its composition/the techniques used by the Fund management, the investment fund has elevated volatility, i.e. the share price may be subject to significant fluctuations up or down within short periods of time. The share value may fall below the purchase price at which the customer acquired the share at any time.

Important note on the investor profile:

Page 4 / 4 78 Equity Funds

Emerging Markets Marketing Material Factsheet: DWS Invest Africa

Equity Funds - Emerging Markets

August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance - Share Class LC(EUR) (in %) DWS Invest Africa is the Fund for the whole of Africa. The focus is currently on countries like South Africa, Egypt, Nigeria and Ghana. Selecting securities is based on a mix of the bottom-up approach, in which the fundamental data of companies is reviewed, and the top-down method, in which the focus is on the selection of countries and industries. In each case, Fund management follows the DWS maxim by which solid companies with strong growth are only bought at a price that Fund management views as sensible and reasonable.

Portfolio Analysis Breakdown by Sector (Equities) (in % of fund volume) Principal Holdings (Equities) (in % of fund volume) Portfolio Breakdown according to MSCI MTN Group (Communication Services) 8.8 Financials 30.1 Naspers Ltd (Consumer Discretionary) 6.1 Communication Services 16.0 Credit Agricole Egypt SAE (Financials) 4.4 Consumer Discretionary 15.8 Commercial International Bank Egypt SAE (Financ 4.4 Consumer Staples 9.2 Materials 6.3 Standard Bank Group Ltd/South Africa (Financials) 4.2 Health Care 6.0 Capitec Bank Holdings Ltd (Financials) 4.1 Information Technology 3.2 Label Vie (Consumer Staples) 3.8 Morningstar Style-Box™ Real Estate 2.6 Shoprite Holdings Ltd (Consumer Staples) 3.2 Industrials 1.9 Market Capitalization Egyptian Financial Group-Hermes Holding Co (Fin 3.0 Large Ibnsina Pharma SAE (Health Care) 2.9 Total 44.9

Mid Gross weighting, not adjusted for derivative positions. Gross weighting, not adjusted for derivative positions.

Small Breakdown by Country (Equities) (in % of fund volume) Asset Allocation (in % of fund volume)

South Africa 36.2 Equities 91.0 Value Growth Egypt 30.3 Cash and other assets 9.0 Blend Morocco 6.7 Investment Style Great Britain 5.9 Kenya 3.1 Morningstar Category™ Jersey 2.6 Africa Equity Bermuda 1.9 Nigeria 1.9 Germany 1.0 Ratings (As at: 30/07/2021) Zambia 0.9 Morningstar Overall Rating™: « Ghana 0.4

Lipper Leaders: Gross weighting, not adjusted for derivative positions.

Note: The key terms are explained in the glossary. Page 1 / 4 80 Marketing Material Factsheet: DWS Invest Africa

Equity Funds - Emerging Markets

August 2021 As at 31/08/2021

Portfolio Analysis Breakdown by Currency (in % of fund volume) Market Capitalization (in % of fund volume)

South African rand 37.4 > 10 Bn. 26.1 Egyptian pound 28.8 > 5 Bn. < 10 Bn. 9.0 Pound sterling 8.8 > 1 Bn. < 5 Bn. 29.6 United States dollar 7.4 < 1 Bn. 26.4 Moroccan dirham 6.8 Euro 4.4 Kenyan schilling 3.2 Nigerian naira 1.9 Canadian dollar 0.9

Incl. forward exchange transactions, negative and positive figures reflect expected Gross weighting, not adjusted for derivative positions. The calculation is based on currency developments. Euro.

Key Figures regarding the Fund's Assets Number of Shares 42 Dividend Yield (in %) 1.3 Ø Market Cap 8,776.6 Mio. EUR

Cumulative performance (in %) 1 m 1 y 3 y 5 y s. YTD 3 y avg 5 y avg 2017 2018 2019 2020 Inception

FC(EUR) 6.4 28.7 2.7 2.7 -1.2 18.7 0.9 0.5 7.9 -12.7 10.1 -15.0 GBP D RD(GBP) 7.2 23.2 -2.0 3.1 51.2 12.6 -0.7 0.6 12.3 -11.3 3.8 -9.9 LC(EUR) 6.3 27.4 -0.4 -2.5 -13.6 17.9 -0.2 -0.5 6.8 -13.6 8.9 -15.8 LD(EUR) 6.3 27.3 -0.5 -2.5 -13.5 17.9 -0.2 -0.5 6.8 -13.6 8.9 -15.8 NC(EUR) 6.3 26.4 -2.5 -5.8 -20.1 17.3 -0.9 -1.2 6.1 -14.3 8.2 -16.4 USD LC(USD) 5.8 26.2 0.9 3.1 -32.2 13.3 0.3 0.6 21.4 -17.6 6.5 -7.7

Page 2 / 4 81 Marketing Material Factsheet: DWS Invest Africa

Equity Funds - Emerging Markets

August 2021 As at 31/08/2021

Fund Data Portfolio Manager Sebastian Kahlfeld Assets 33.7 Mio. EUR Portfolio Manager since 01/01/2011 Fund Currency EUR Portfolio Management Company DWS Investment GmbH Launch Date 10/07/2008 Portfolio Management Location Germany Fiscal Year End 31/12/2021 Management Company DWS Investment S.A. Investor profile Risk-tolerant Legal Structure SICAV Custodian State Street Bank GmbH, Lux. Share Classes Share Cur. ISIN Code German Earnings Front-end Load ¹ Issue Price Redemption Interim Gains Management Running costs / plus Minimum Class Sec. Code up to Price Fee TER performance- Invest- related fee ment Amount

FC EUR LU0329759921 DWS 0QP Accumulation 0.00% 98.81 98.81 0.850% 1.02% (1) -- 2,000,000 GBP D RD GBP LU0399357671 DWS 0VU Distribution 0.00% 134.80 134.80 0.900% 1.04% (1) -- -- LC EUR LU0329759764 DWS 0QM Accumulation 5.00% 90.90 86.36 1.750% 2.06% (1) -- -- LD EUR LU0363465583 DWS 0SH Distribution 5.00% 87.85 83.46 1.750% 2.06% (1) -- -- NC EUR LU0329759848 DWS 0QN Accumulation 3.00% 82.40 79.93 2.200% 2.78% (1) -- -- USD LC USD LU0329761075 DWS 0QQ Accumulation 5.00% 71.40 67.83 1.800% 2.12% (1) -- -- (1) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 31/12/2020. They are subject to change from year to year. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

DWS Investment GmbH ¹ Based on the gross investment.

Page 3 / 4 82 Factsheet: DWS Invest Africa

Equity Funds - Emerging Markets

Opportunities In accordance with the investment policy.

Risks • There is the risk of loss resulting from the inadequacy or failure of internal systems, processes or people and as a result of external events. • The fund invests in equities. Equities are subject to strong price fluctuations and thus also to the risk of price decreases. • The fund invests in emerging markets. Investing in assets from the emerging markets generally entails a greater risk (potentially including considerable legal, economic and political risks) than investing in assets from the markets of established countries. • Due to its composition/the techniques used by the Fund management, the investment fund has significantly elevated volatility, i.e. the share price may be subject to significant fluctuations up or down within short periods of time. The share value may fall below the purchase price at which the customer acquired the share at any time.

Important note on the investor profile:

Page 4 / 4 83 Marketing Material Factsheet: DWS Invest Chinese Equities

Equity Funds - Emerging Markets

August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance - Share Class LC(EUR) (in %) The Fund invests at least 70% of its assets in stocks of Chinese companies (including Hong Kong) that we feel have strong market positions and solid prospects. The manager of the Subfund is Deutsche Asset Management Investment GmbH & Deutsche Asset Management (Hong Kong) Ltd.

Fund Benchmark (since 22/04/2010): MSCI China 10/40 (Euro) (RI) Calculation of performance is based on the time-weighted return and excludes front-end fees. Individual costs such as fees, commissions and Fund Management's Comment other charges have not been included in this presentation and would have an adverse impact on returns if they were included. Past performance is not a reliable indicator of future returns. You can find the Fund management's detailed commentary in DWS Flagship Fund Reporting and on the individual pages of the factsheets. Cumulative performance (in %) - share class LC(EUR) 1 m 1 y 3 y 5 y s. Inception YTD 3 y avg 5 y avg 2017 2018 2019 2020

EUR -0.4 0.2 21.5 54.0 182.7 -7.6 6.7 9.0 26.4 -11.2 22.5 20.2 BM IN EUR 1.2 1.6 24.4 57.8 222.1 -6.4 7.6 9.6 31.4 -14.7 26.3 18.0

Further Characteristics (3 years) / VAR (1 year) - share class LC(EUR) Volatility 18.99% Maximum Drawdown -15.40% VAR (99%/10 days) 14.03% Sharpe Ratio 0.37 Information Ratio -0.24 Correlation Coefficient 0.99 Alpha -0.52% Beta 0.96 Tracking Error 3.29%

Portfolio Analysis Breakdown by Sector (Equities) (in % of fund volume) Principal Holdings (Equities) (in % of fund volume) Portfolio Breakdown according to MSCI Alibaba Group Holding Ltd (Consumer Discretiona 8.0 Consumer Discretionary 30.0 Tencent Holdings Ltd (Communication Services) 7.4 Financials 16.2 China Construction Bank Corp (Financials) 5.6 Communication Services 10.4 JD.com Inc (Consumer Discretionary) 4.0 Industrials 9.1 Consumer Staples 7.3 China Merchants Bank Co Ltd (Financials) 3.0 Information Technology 6.2 China Mengniu Dairy Co Ltd (Consumer Staples) 2.4 Health Care 5.4 Anta Sports Products Ltd (Consumer Discretionary 2.3 Morningstar Style-Box™ Real Estate 4.7 Meituan (Consumer Discretionary) 2.2 Materials 3.5 Market Capitalization Contemporary Amperex Technology Co Ltd (Indust 2.1 Energy 1.9 Large Yum China Holdings Inc (Consumer Discretionary) 2.0 Other Sectors 0.8 Total 39.0

Mid Gross weighting, not adjusted for derivative positions. Gross weighting, not adjusted for derivative positions.

Small Breakdown by Currency (in % of fund volume) Asset Allocation (in % of fund volume) Hong Kong dollar 61.8 Equities 94.6 Value Growth United States dollar 16.9 REITs 1.0 Blend Chinese yuan renminbi 16.9 Cash and other assets 4.4 Investment Style

Morningstar Category™ China Equity

Ratings (As at: 30/07/2021) Morningstar Overall Rating™: «««

Lipper Leaders: Currency structure of investments, excl. forward exchange transactions

Note: The key terms are explained in the glossary. Page 1 / 4 84 Marketing Material Factsheet: DWS Invest Chinese Equities

Equity Funds - Emerging Markets

August 2021 As at 31/08/2021

Portfolio Analysis Market Capitalization (in % of fund volume)

> 10 Bn. 77.4 > 5 Bn. < 10 Bn. 6.2 > 1 Bn. < 5 Bn. 9.5 < 1 Bn. 1.5 Others 1.0

Gross weighting, not adjusted for derivative positions. The calculation is based on Euro.

Key Figures regarding the Fund's Assets Number of Shares 68 Dividend Yield (in %) 1.4 Ø Market Cap 113,176.6 Mio. EUR

Cumulative performance (in %) 1 m 1 y 3 y 5 y s. YTD 3 y avg 5 y avg 2017 2018 2019 2020 Inception

FC(EUR) -0.3 0.8 24.2 60.0 218.6 -7.2 7.5 9.9 27.3 -10.5 23.5 21.1 GBP D RD(GBP) 0.4 -3.4 18.6 60.5 107.3 -11.9 5.8 9.9 32.4 -9.0 16.5 28.3 LC(EUR) -0.4 0.2 21.5 54.0 182.7 -7.6 6.7 9.0 26.4 -11.2 22.5 20.2 NC(EUR) -0.5 -0.5 19.0 48.7 156.5 -8.0 6.0 8.3 25.5 -11.8 21.7 19.3 TFC(EUR) -0.3 1.0 24.1 -- 25.5 -7.1 7.5 -- -- -11.5 23.5 20.9 USD FC(USD) -0.8 0.0 25.6 68.4 188.2 -10.7 7.9 11.0 44.6 -14.6 20.6 32.4 USD LC(USD) -0.9 -0.9 22.7 61.5 157.6 -11.3 7.1 10.1 43.3 -15.4 19.5 31.7 USD TFC(USD) -0.8 0.0 27.1 -- 27.5 -10.7 8.3 -- -- -14.6 21.8 32.7

Page 2 / 4 85 Marketing Material Factsheet: DWS Invest Chinese Equities

Equity Funds - Emerging Markets

August 2021 As at 31/08/2021

Fund Data Portfolio Manager Elke Schoeppl-Jost Assets 136.0 Mio. EUR Portfolio Manager since 07/08/2017 Fund Currency EUR Portfolio Management Company DWS Investment GmbH & DWS Investments Hong Kong Launch Date 15/12/2006 Portfolio Management Location Hong Kong Fiscal Year End 31/12/2021 Management Company DWS Investment S.A. Investor profile Risk-tolerant Legal Structure SICAV Custodian State Street Bank GmbH, Lux. Share Classes Share Cur. ISIN Code German Earnings Front-end Load ¹ Issue Price Redemption Interim Gains Management Running costs / plus Minimum Class Sec. Code up to Price Fee TER performance- Invest- related fee ment Amount

FC EUR LU0273146190 DWS 0BM Accumulation 0.00% 318.58 318.58 0.750% * 0.89% (1) 0.00% 2,000,000 GBP D RD GBP LU0333022746 DWS 0RD Distribution 0.00% 189.99 189.99 0.850% 0.96% (1) -- -- LC EUR LU0273157635 DWS 0BJ Accumulation 5.00% 297.57 282.70 1.500% * 1.63% (1) 0.00% -- NC EUR LU0273145622 DWS 0BK Accumulation 3.00% 264.48 256.54 2.000% * 2.32% (1) 0.00% -- TFC EUR LU1663840285 DWS 2PM Accumulation 0.00% 125.53 125.53 0.750% * 0.82% (1) 0.02% -- USD FC USD LU0273176932 DWS 0BP Accumulation 0.00% 288.18 288.18 0.850% 1.25% (1) -- 2,000,000 USD LC USD LU0273164177 DWS 0BN Accumulation 5.00% 271.11 257.55 1.700% 1.76% (1) -- -- USD TFC USD LU1663840368 DWS 2PN Accumulation 0.00% 127.50 127.50 0.850% 0.97% (1) -- -- *plus performance-related fee (1) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 31/12/2020. They are subject to change from year to year. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

DWS Investment GmbH ¹ Based on the gross investment.

Page 3 / 4 86 Factsheet: DWS Invest Chinese Equities

Equity Funds - Emerging Markets

Opportunities In accordance with the investment policy.

Risks • The fund invests in emerging markets. Investing in assets from the emerging markets generally entails a greater risk (potentially including considerable legal, economic and political risks) than investing in assets from the markets of established countries. • The fund invests in the People's Republic of China. Investments in the People's Republic of China are associated with risks resulting from the special legal, political and economic environment. The future political direction of the Chinese government is uncertain, there is the risk of negative performance due to government interventions and restrictions. • Due to its composition/the techniques used by the Fund management, the investment fund has significantly elevated volatility, i.e. the share price may be subject to significant fluctuations up or down within short periods of time. The share value may fall below the purchase price at which the customer acquired the share at any time.

Important note on the investor profile:

Page 4 / 4 87 Marketing Material Factsheet: DWS Invest ESG Emerging Markets Top Dividend Equity Funds - Emerging Markets

August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance - Share Class LC(EUR) (in %) More and more dynamic and growing companies can be found in the emerging markets, especially in sectors that are often more favorably priced and less cyclical than other sectors. The Fund management aims to achieve comparatively high dividend yields and high dividend growth in the emerging countries, with risk management being integrated into the investment strategy. ESG aspects are taken into consideration.

EUR 2.0 23.7 24.6 29.3 35.4 7.1 7.6 5.3 9.5 -8.2 21.1 -0.1

Further Characteristics (3 years) / VAR (1 year) - share class LC(EUR) Volatility 15.72% Maximum Drawdown -21.73% VAR (99%/10 days) 6.36% Sharpe Ratio 0.51 Information Ratio -- Correlation Coefficient -- Alpha -- Beta -- Tracking Error --

Portfolio Analysis Breakdown by Sector (Equities) (in % of fund volume) Principal Holdings (Equities) (in % of fund volume) Portfolio Breakdown according to MSCI Taiwan Semiconductor Manufacturing Co Ltd (Info 8.6 Financials 28.7 Samsung Electronics Co Ltd (Information Technol 7.1 Information Technology 27.0 Infosys Ltd (Information Technology) 3.3 Communication Services 9.4 HDFC Bank Ltd (Financials) 2.7 Consumer Discretionary 8.7 Consumer Staples 5.7 Anta Sports Products Ltd (Consumer Discretionary 2.5 Industrials 5.0 Hong Kong Exchanges & Clearing Ltd (Financials) 2.4 Materials 3.4 Polyus PJSC (Materials) 2.1 Morningstar Style-Box™ Energy 3.1 Tencent Holdings Ltd (Communication Services) 2.0 Real Estate 0.8 Market Capitalization Byd Co Ltd (Consumer Discretionary) 1.7 Large Gazprom PAO (Energy) 1.7 Total 34.1

Mid Gross weighting, not adjusted for derivative positions. Gross weighting, not adjusted for derivative positions.

Small Breakdown by Country (Equities) (in % of fund volume) Asset Allocation (in % of fund volume)

Taiwan 19.6 Equities 91.9 Value Growth China 14.7 Money market funds 1.3 Blend Korea 14.1 Cash and other assets 6.8 Investment Style Russia 9.6 India 6.7 Morningstar Category™ Brazil 6.4 Global Emerging Markets Equity Hongkong SAR 6.2 South Africa 4.7 Singapore 3.0 Ratings (As at: 30/07/2021) Mexico 2.4 Morningstar Overall Rating™: ««« Thailand 1.7 Other Countries 2.9 Lipper Leaders: Gross weighting, not adjusted for derivative positions.

Note: The key terms are explained in the glossary. Page 1 / 4 88 Marketing Material Factsheet: DWS Invest ESG Emerging Markets Top Dividend Equity Funds - Emerging Markets

August 2021 As at 31/08/2021

Portfolio Analysis Breakdown by Currency (in % of fund volume) Market Capitalization (in % of fund volume)

Hong Kong dollar 25.4 > 10 Bn. 74.3 United States dollar 24.0 > 5 Bn. < 10 Bn. 8.2 Taiwan dollar - new - 14.9 > 1 Bn. < 5 Bn. 8.6 South Korean won 14.4 < 1 Bn. 0.9 Brasilian real 6.5 South African rand 4.8 Singapore dollar 3.7 Mexican peso - new - 2.5 Czech koruna 2.0 Euro -1.3 Other Currencies 3.1 Incl. forward exchange transactions, negative and positive figures reflect expected Gross weighting, not adjusted for derivative positions. The calculation is based on currency developments. Euro.

Key Figures regarding the Fund's Assets Number of Shares 83 Dividend Yield (in %) 3.0 Ø Market Cap 95,862.1 Mio. EUR

Cumulative performance (in %) 1 m 1 y 3 y 5 y s. YTD 3 y avg 5 y avg 2017 2018 2019 2020 Inception

FC(EUR) 2.0 24.6 27.6 34.5 50.7 7.7 8.5 6.1 10.4 -7.4 22.1 0.6 LC(EUR) 2.0 23.7 24.6 29.3 35.4 7.1 7.6 5.3 9.5 -8.2 21.1 -0.1 LD(EUR) 2.0 23.7 24.6 29.2 60.4 7.1 7.6 5.3 9.5 -8.2 21.0 -0.1 NC(EUR) 1.9 22.8 22.0 24.8 22.0 6.6 6.9 4.5 8.8 -8.8 20.2 -0.8 ND(EUR) 1.9 22.8 22.0 -- 18.6 6.6 6.9 -- -- -8.8 20.2 -0.8 TFC(EUR) 2.0 24.6 26.6 -- 23.1 7.7 8.2 -- -- -7.4 21.1 0.6 TFD(EUR) 2.1 24.6 27.6 -- 24.1 7.7 8.5 -- -- -7.4 22.1 0.6 USD FC(USD) 1.6 23.5 29.5 42.6 73.9 3.5 9.0 7.3 25.5 -11.6 19.4 10.3 USD TFC(USD) 1.6 23.5 29.7 -- 23.9 3.6 9.0 -- -- -11.6 19.4 10.4 USD TFD(USD) 1.6 23.5 29.6 -- 23.9 3.5 9.0 -- -- -11.6 19.5 10.4

Page 2 / 4 89 Marketing Material Factsheet: DWS Invest ESG Emerging Markets Top Dividend Equity Funds - Emerging Markets

August 2021 As at 31/08/2021

Fund Data Portfolio Manager Mi Dya Kim Assets 249.2 Mio. EUR Portfolio Manager since 01/11/2018 Fund Currency EUR Portfolio Management Company DWS Investment GmbH Launch Date 14/01/2008 Portfolio Management Location Germany Fiscal Year End 31/12/2021 Management Company DWS Investment S.A. Investor profile Risk-tolerant Legal Structure SICAV Custodian State Street Bank GmbH, Lux. Share Classes Share Cur. ISIN Code German Earnings Front-end Load ¹ Issue Price Redemption Interim Gains Management Running costs / plus Minimum Class Sec. Code up to Price Fee TER performance- Invest- related fee ment Amount

FC EUR LU0329760267 DWS 0QV Accumulation 0.00% 150.72 150.72 0.750% 0.91% (1) -- 2,000,000 LC EUR LU0329760002 DWS 0QT Accumulation 5.00% 142.49 135.37 1.500% 1.64% (1) -- -- LD EUR LU0363468686 DWS 0S9 Distribution 5.00% 125.13 118.87 1.500% 1.66% (1) -- -- NC EUR LU0329760184 DWS 0QU Accumulation 3.00% 125.81 122.03 2.000% 2.36% (1) -- -- ND EUR LU1054328791 DWS 1P1 Distribution 3.00% 109.07 105.80 2.000% 2.36% (1) -- -- TFC EUR LU1663862685 DWS 2P0 Accumulation 0.00% 123.08 123.08 0.750% 0.92% (1) -- -- TFD EUR LU1663863816 DWS 2P1 Distribution 0.00% 113.06 113.06 0.750% 0.92% (1) -- -- USD FC USD LU0329761406 DWS 0QX Accumulation 0.00% 173.88 173.88 0.750% 0.92% (1) -- 2,000,000 USD TFC USD LU1663864624 DWS 2P2 Accumulation 0.00% 123.90 123.90 0.750% 0.99% (1) -- -- USD TFD USD LU1663865944 DWS 2P3 Distribution 0.00% 112.91 112.91 0.750% 0.91% (1) -- -- (1) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 31/12/2020. They are subject to change from year to year. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

DWS Investment GmbH ¹ Based on the gross investment.

Page 3 / 4 90 Factsheet: DWS Invest ESG Emerging Markets Top Dividend Equity Funds - Emerging Markets

Opportunities In accordance with the investment policy.

Risks • The fund invests in equities. Equities are subject to strong price fluctuations and thus also to the risk of price decreases. • The fund invests in emerging markets. Investing in assets from the emerging markets generally entails a greater risk (potentially including considerable legal, economic and political risks) than investing in assets from the markets of established countries. • The fund seeks to generate income from dividends, i.e. from expected distributions per equity. If a company distributes a smaller dividend than expected or no dividend at all, this can have a negative impact on the value of equities or derivatives. • Due to its composition/the techniques used by the Fund management, the investment fund has significantly elevated volatility, i.e. the share price may be subject to significant fluctuations up or down within short periods of time. The share value may fall below the purchase price at which the customer acquired the share at any time.

Important note on the investor profile:

Page 4 / 4 91 Marketing Material Factsheet: DWS Osteuropa

Equity Funds - Emerging Markets

August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance (in EUR) (in %) Equities of selected companies from central and eastern Europe as well as Russia and Turkey; see the sales prospectus for details of the risks of focusing on a certain geographical area.

Fund Benchmark* *Benchmark: MSCI EM Europe ex Greece 10/40 Net TR - 1.8.2016 Fund Management's Comment Calculation of performance is based on the time-weighted return and excludes front-end fees. Individual costs such as fees, commissions and other charges have not been included in this presentation and would have an adverse impact on returns if they were included. Past performance is not a reliable indicator of future returns. In Russia while Inflation surprised to the lower side lately, President Vladimir Putin announcement of two one-off payments to pensioners and military service personnel, Cumulative performance (in %) which are to be dispensed in the coming 1 m 1 y 3 y 5 y s. Inception YTD 3 y avg 5 y avg 2017 2018 2019 2020 quarters. This measures are going to slightly boost inflation and GDP at the same time, and are coming right ahead of the parliamentary EUR 5.2 27.7 26.7 39.6 435.7 16.2 8.2 6.9 6.2 -9.6 29.5 -17.1 elections. The majority of Russian listed BM IN EUR 5.1 35.1 37.3 55.2 -- 23.4 11.1 9.2 6.1 -5.3 32.2 -18.7 companies posted their earnings releases, resulting in positive sentiment on the market, and although an accident at a Gazprom facility was a short term headwind, the impact on production was considered limited. Meanwhile, commodity stocks are still being discussed in the limelight of potential new Further Characteristics (3 years) / VAR (1 year) taxes. Volatility 24.51% Maximum Drawdown -34.54% VAR (99%/10 days) 11.34% In Poland financial sector was performing very well as solid operational trends continue Sharpe Ratio 0.35 Information Ratio -0.61 Correlation Coefficient 0.99 and the interest rate outlook is improving. Alpha -2.10% Beta 0.94 Tracking Error 4.40% Turkish equities closed the month of August notably higher led by banks. However the market still underperforms other emerging Portfolio Analysis markets year to date. As the CBT remained on hold and re-stressed commitment to tight Breakdown by Sector (Equities) (in % of fund volume) Principal Holdings (Equities) (in % of fund volume) monetary policy until inflation trend changes Portfolio Breakdown according to MSCI Turkish Lira gained marginally but remained Gazprom PAO (Energy) 9.2 on top 3-worst performing EM currency year- Financials 28.3 Sberbank of Russia PJSC (Financials) 8.8 to-date. Energy 28.2 Lukoil PJSC (Energy) 8.5 Materials 11.6 Yandex NV (Communication Services) 4.7 Communication Services 11.3 Consumer Staples 8.3 OTP Bank Plc (Financials) 4.4 Consumer Discretionary 3.9 Novatek PJSC (Energy) 4.2 Health Care 2.8 Polymetal International PLC (Materials) 3.4 Morningstar Style-Box™ Industrials 1.9 X5 Retail Group NV (Consumer Staples) 2.9 Market Capitalization Richter Gedeon Nyrt. (Health Care) 2.8 Large Tatneft PJSC (Energy) 2.7 Total 51.6 Gross weighting, not adjusted for derivative positions. Mid Gross weighting, not adjusted for derivative positions.

Small Breakdown by Country (Equities) (in % of fund volume) Asset Allocation (in % of fund volume)

Russia 59.1 Equities 96.2 Value Growth Poland 10.9 Cash and other assets 3.8 Blend Turkey 9.9 Investment Style Hungary 9.8 Luxembourg 2.5 Morningstar Category™ Czech Republic 2.3 Emerging Europe Equity Slovenia 1.1 Virgin Islands (GB) 0.6 Ratings (As at: 30/07/2021) Morningstar Overall Rating™: ««

Lipper Leaders: Gross weighting, not adjusted for derivative positions.

Note: The key terms are explained in the glossary. Page 1 / 3 92 Marketing Material Factsheet: DWS Osteuropa

Equity Funds - Emerging Markets

August 2021 As at 31/08/2021

Portfolio Analysis Breakdown by Currency (in % of fund volume)

United States dollar 58.9 Polish zloty 13.9 Turkish lira - new - 10.3 Hungarian forint 10.0 Pound sterling 3.3 Czech koruna 2.3 Euro 1.2 Russian ruble 0.1

Incl. forward exchange transactions, negative and positive figures reflect expected currency developments.

Key Figures regarding the Fund's Assets Number of Shares 43 Dividend Yield (in %) 4.0 Ø Market Cap 28,086.4 Mio. EUR Fund Data Portfolio Manager Sylwia Szczepek Front-end Load 5.00% Portfolio Manager since 01/06/2015 All-in-Fee 1.700% Portfolio Management Company DWS Investment GmbH Running costs / TER (1) 1.740% Portfolio Management Location Germany Fee from securities lending 0.001% Management Company DWS Investment S.A. Earnings Accumulation Legal Structure FCP Accumulated returns 71.85 EUR Custodian State Street Bank GmbH, Lux. Redemption Price 658.35 EUR Assets 124.7 Mio. EUR Issue Price 691.27 EUR Fund Currency EUR Launch Date 06/11/1995 Fiscal Year End 31/12/2021 Investor profile Risk-tolerant ISIN Code LU0062756647 German Sec. Code 974 527 (1) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 31/12/2020. They are subject to change from year to year. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

DWS Investment GmbH Because of its composition or the techniques used by its managers, the fund features a high level of volatility. In other words, unit prices may Mainzer Landstraße 11-17 fluctuate significantly in either direction within short periods of time. 60329 Frankfurt am Main Tel.: +49 (0) 69 / 910 - 12371 Please note that not all share classes and subfunds respectively are registered in every country. Units issued by Deutsche Invest SICAV may only be sold or offered for sale in jurisdictions in which such offer or sale is permitted. Fax: +49 (0) 69 / 910 - 19090

Page 2 / 3 93 Factsheet: DWS Osteuropa

Equity Funds - Sectors/Categories

Opportunities In accordance with the investment policy.

Risks • The fund invests its assets in selected regions or sectors. This increases the risk that the fund may be negatively influenced by the economic and political conditions in the respective regions or sectors. • The fund invests in equities. Equities are subject to strong price fluctuations and thus also to the risk of price decreases. • The fund invests in emerging markets. Investing in assets from the emerging markets generally entails a greater risk (potentially including considerable legal, economic and political risks) than investing in assets from the markets of established countries. • Due to its composition/the techniques used by the Fund management, the investment fund has significantly elevated volatility, i.e. the share price may be subject to significant fluctuations up or down within short periods of time. The share value may fall below the purchase price at which the customer acquired the share at any time.

Important note on the investor profile:

Page 3 / 3 94 Equity Funds

Sectors/Categories Marketing Material Factsheet: DWS Invest CROCI Sectors

Equity Funds - Sectors/Categories

August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance - Share Class LC(EUR) (in %) The sub-fund's assets are invested in largecap global equities from Europe, US and Japan selected according to the CROCI methodology and the CROCI Sectors Strategy. The Strategy seeks to select shares with the lowest CROCI Economic Price Earnings Ratio (EcPE) from the three sectors with the lowest EcPEs. The sectors eligible for selection are: Communication Services, Consumer Discretionary, Consumer Staples, Health Care, Information Technology, Industrials, Materials, Utilities and Energy. The fund is periodically reconstituted with the intention that each stock is equally weighted.

Fund Benchmark: MSCI World TR Net EUR (RI) Calculation of performance is based on the time-weighted return and excludes front-end fees. Individual costs such as fees, commissions and Fund Management's Comment other charges have not been included in this presentation and would have an adverse impact on returns if they were included. Past performance is not a reliable indicator of future returns. The CROCI Sectors fund is driven by a CROCI Strategy that seeks to allocate to the three sectors with the most attractive (lowest) CROCI Economic Price Earnings ratios and Cumulative performance (in %) - share class LC(EUR) to the ten most attractive stocks in each of 1 m 1 y 3 y 5 y s. Inception YTD 3 y avg 5 y avg 2019 2020 these sectors on the same basis. On 28 August 2018 the dbPlatinum CROCI Sectors fund merged into this fund with a EUR 3.3 23.3 17.8 -- 17.9 15.3 5.6 -- 19.4 -2.3 consistent investment policy. The BM IN EUR 3.0 31.5 49.8 -- 50.3 23.1 14.4 -- 30.9 5.6 performance history prior to this date reflects that of the dbPlatinum fund. The MSCI World index appreciated by 3.0% in USD terms in August. Leading sectors were Communication Services (+4.4%) & Information Technology (+4.3%). Energy (- 0.8%), and Materials (0.1%) lagged. The fund continued to hold the same 3 sectors from April, Consumer Staples, Health Care and Utilities. In August, stock selection contributed positively to the relative performance vs index and it was partially offset by sector allocation. The fund appreciated by 3.3% (LC class in Euro) and stands +15.3% year-to-date. Portfolio Analysis Breakdown by Sector (Equities) (in % of fund volume) Principal Holdings (Equities) (in % of fund volume) Portfolio Breakdown according to MSCI Regeneron Pharmaceuticals Inc (Health Care) 3.7 Health Care 33.8 Kroger Co/The (Consumer Staples) 3.6 Utilities 33.1 Ono Pharmaceutical Co Ltd (Health Care) 3.5 Consumer Staples 32.8 Gilead Sciences Inc (Health Care) 3.4 Engie SA (Utilities) 3.4 Altria Group Inc (Consumer Staples) 3.4 Philip Morris International Inc (Consumer Staples) 3.4 Morningstar Style-Box™ Koninklijke Ahold Delhaize NV (Consumer Staples 3.4 Market Capitalization CMS Energy Corp (Utilities) 3.4 Large Merck & Co Inc (Health Care) 3.4 Total 34.6

Mid Gross weighting, not adjusted for derivative positions. Gross weighting, not adjusted for derivative positions.

Small Breakdown by Country (Equities) (in % of fund volume) Asset Allocation (in % of fund volume)

USA 73.1 Equities 99.7 Value Growth Japan 6.7 Cash and other assets 0.3 Blend Great Britain 6.6 Investment Style France 3.4 Netherlands 3.4 Morningstar Category™ Belgium 3.3 Global Large-Cap Value Equity Germany 3.3

Ratings (As at: 30/07/2021) Morningstar Overall Rating™: «««

Lipper Leaders: Gross weighting, not adjusted for derivative positions.

Note: The key terms are explained in the glossary. Page 1 / 4 96 Marketing Material Factsheet: DWS Invest CROCI Sectors

Equity Funds - Sectors/Categories

August 2021 As at 31/08/2021

Portfolio Analysis Breakdown by Currency (in % of fund volume) Market Capitalization (in % of fund volume)

United States dollar 73.4 > 10 Bn. 90.3 Euro 13.2 > 5 Bn. < 10 Bn. 9.5 Japanese yen 6.8 Pound sterling 6.6

Incl. forward exchange transactions, negative and positive figures reflect expected Gross weighting, not adjusted for derivative positions. The calculation is based on currency developments. Euro.

Key Figures regarding the Fund's Assets Number of Shares 30 Dividend Yield (in %) 3.3 Ø Market Cap 41,254.8 Mio. EUR

Cumulative performance (in %) 1 m 1 y 3 y 5 y s. YTD 3 y avg 5 y avg 2019 2020 Inception

AUD ID(AUD) 3.7 23.9 20.5 -- 22.1 16.9 6.4 -- 18.6 -1.7 IC(EUR) 3.4 24.1 20.0 -- 20.2 15.8 6.3 -- 20.2 -1.7 ID(EUR) -- 16.7 13.1 -- 13.2 8.8 4.6 -- 20.2 -1.5 LC(EUR) 3.3 23.3 17.8 -- 17.9 15.3 5.6 -- 19.4 -2.3 NOK LCH(NOK) 3.3 23.9 18.7 -- 19.2 15.8 5.9 -- 21.2 -3.6 TFC(EUR) 3.4 24.1 19.9 -- 20.0 15.7 6.2 -- 20.1 -1.7 USD IC(USD) 2.9 23.5 22.3 -- 21.5 11.3 7.0 -- 18.2 7.5 USD LC(USD) 2.8 22.7 19.7 -- 18.9 10.8 6.2 -- 16.8 7.1

Page 2 / 4 97 Marketing Material Factsheet: DWS Invest CROCI Sectors

Equity Funds - Sectors/Categories

August 2021 As at 31/08/2021

Fund Data Portfolio Manager Julien Boulliat Assets 251.5 Mio. EUR Portfolio Manager since 03/06/2019 Fund Currency EUR Portfolio Management Company DWS Investment GmbH & DWS Investments UK Limited Launch Date 28/08/2018 Portfolio Management Location Multi manager Fiscal Year End 31/12/2021 Management Company DWS Investment S.A. Investor profile Risk-tolerant Legal Structure SICAV Custodian State Street Bank GmbH, Lux. Share Classes Share Cur. ISIN Code German Earnings Front-end Load ¹ Issue Price Redemption Interim Gains Management Running costs / plus Minimum Class Sec. Code up to Price Fee TER performance- Invest- related fee ment Amount

AUD ID AUD LU1769939528 DWS 2UZ Distribution 0.00% 169.92 169.92 0.750% 0.80% (1) -- 10,000,000 IC EUR LU1769939791 DWS 2U0 Accumulation 0.00% 461.58 461.58 0.750% 0.80% (1) -- 10,000,000 ID EUR LU1769939874 DWS 2U1 Distribution 0.00% 0.00 0.00 0.750% 0.80% (1) -- 10,000,000 LC EUR LU1769940021 DWS 2U2 Accumulation 5.00% 241.46 229.38 1.350% 1.44% (1) -- -- NOK LCH NOK LU1769940294 DWS 2U3 Accumulation 5.00% 207.03 196.68 1.350% 1.50% (1) -- -- TFC EUR LU1769940377 DWS 2U4 Accumulation 0.00% 191.97 191.97 0.750% 0.84% (1) -- -- USD IC USD LU1769940450 DWS 2U5 Accumulation 0.00% 149.35 149.35 0.750% 0.83% (1) -- 10,000,000 USD LC USD LU1769940534 DWS 2U6 Accumulation 5.00% 149.37 141.90 1.350% 1.44% (1) -- -- (1) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 31/12/2020. They are subject to change from year to year. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

DWS Investment GmbH ¹ Based on the gross investment.

Page 3 / 4 98 Factsheet: DWS Invest CROCI Sectors

Equity Funds - Sectors/Categories

Opportunities In accordance with the investment policy.

Important note on the investor profile:

Page 4 / 4 99 Marketing Material Factsheet: DWS Invest Global Agribusiness

Equity Funds - Sectors/Categories

August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance - Share Class LC(EUR) (in %) Agriculture has developed into a dynamic growth market across the globe, as a growing world population needs to be provided with adequate food while per capita area under cultivation is declining. The Fund management takes advantage of the opportunities of all important sectors of the agricultural industry and invests flexibly along the agricultural value chain – from seed to the supermarket. Specifically, the focus is on the following areas: fertilizer, agricultural equipment, seed and crop protection, agricultural logistics, processing and distribution.

EUR -0.6 24.0 19.4 38.4 77.7 14.6 6.1 6.7 6.8 -7.9 21.8 -1.4

Further Characteristics (3 years) / VAR (1 year) - share class LC(EUR) Volatility 16.89% Maximum Drawdown -23.92% VAR (99%/10 days) 7.03% Sharpe Ratio 0.39 Information Ratio -- Correlation Coefficient -- Alpha -- Beta -- Tracking Error --

Portfolio Analysis Breakdown by Sector (Equities) (in % of fund volume) Principal Holdings (Equities) (in % of fund volume) Portfolio Breakdown according to MSCI Nutrien Ltd (Fertilizers & Agricultural Chemicals) 5.8 Fertilizers & Agricultural Chem 31.7 CF Industries Holdings Inc (Fertilizers & Agricultur 4.9 Packaged Foods & Meat 16.4 FMC Corp (Fertilizers & Agricultural Chemicals) 4.6 Agricultural Products 12.6 Corteva Inc (Fertilizers & Agricultural Chemicals) 4.4 Agricultural & Farm Machinery 6.9 Speciality Chemicals 5.4 Koninklijke DSM NV (Speciality Chemicals) 4.2 Pharmaceuticals 4.0 Yara International ASA (Fertilizers & Agricultural C 4.0 Food Retail 3.3 AGCO Corp (Agricultural & Farm Machinery) 3.6 Morningstar Style-Box™ Railroads 2.7 Kubota Corp (Agricultural & Farm Machinery) 2.8 Diversified Chemicals 2.4 Market Capitalization OCI (Fertilizers & Agricultural Chemicals) 2.8 Speciality Stores 2.1 Large Canadian Pacific Railway Ltd (Railroads) 2.7 Other Sectors 7.7 Total 39.8

Mid Gross weighting, not adjusted for derivative positions. Gross weighting, not adjusted for derivative positions.

Small Breakdown by Country (Equities) (in % of fund volume) Asset Allocation (in % of fund volume)

USA 41.3 Equities 95.3 Value Growth Netherlands 10.6 Cash and other assets 4.7 Blend Canada 8.8 Investment Style Germany 8.3 Norway 5.2 Morningstar Category™ Japan 4.7 Sector Equity Agriculture Brazil 3.2 Switzerland 2.6 Finland 1.9 Ratings (As at: 30/07/2021) Cayman Islands 1.8 Morningstar Overall Rating™: ««« Iceland 1.5 Other Countries 5.4 Lipper Leaders: Gross weighting, not adjusted for derivative positions.

Note: The key terms are explained in the glossary. Page 1 / 4 100 Marketing Material Factsheet: DWS Invest Global Agribusiness

Equity Funds - Sectors/Categories

August 2021 As at 31/08/2021

Portfolio Analysis Breakdown by Currency (in % of fund volume) Market Capitalization (in % of fund volume)

United States dollar 51.9 > 10 Bn. 67.3 Euro 25.9 > 5 Bn. < 10 Bn. 12.1 Norwegian krone 5.9 > 1 Bn. < 5 Bn. 13.2 Japanese yen 5.0 < 1 Bn. 2.6 Brasilian real 3.9 Swiss franc 3.1 Canadian dollar 3.1 Hong Kong dollar 0.8 Australian dollar 0.2 Swedish krona 0.1

Incl. forward exchange transactions, negative and positive figures reflect expected Gross weighting, not adjusted for derivative positions. The calculation is based on currency developments. Euro.

Key Figures regarding the Fund's Assets Number of Shares 51 Dividend Yield (in %) 2.4 Ø Market Cap 35,468.8 Mio. USD

Cumulative performance (in %) 1 m 1 y 3 y 5 y s. YTD 3 y avg 5 y avg 2017 2018 2019 2020 Inception

FC(EUR) -0.6 24.9 22.1 43.7 101.6 15.1 6.9 7.5 7.6 -7.3 22.7 -0.7 GBP D RD(GBP) 0.2 19.7 16.7 44.7 116.5 9.3 5.3 7.7 12.0 -5.6 15.9 5.3 GBP LD DS(GBP) 0.1 18.8 14.2 39.6 77.3 8.7 4.5 6.9 11.2 -6.3 15.0 4.5 IC(EUR) -0.5 25.3 -- -- 19.1 15.4 ------0.4 LC(EUR) -0.6 24.0 19.4 38.4 77.7 14.6 6.1 6.7 6.8 -7.9 21.8 -1.4 LD(EUR) -0.6 24.0 19.4 38.5 68.3 14.6 6.1 6.7 6.8 -7.9 21.8 -1.4 NC(EUR) -0.7 23.1 17.0 33.8 60.7 14.0 5.4 6.0 6.1 -8.6 21.0 -2.1 SGD LC(SGD) -1.8 21.4 -- -- 20.2 11.8 ------6.2 TFC(EUR) -0.5 24.9 22.0 -- 32.4 15.1 6.9 -- -- -7.3 22.7 -0.7 TFD(EUR) -0.6 24.9 22.2 -- 32.6 15.1 6.9 -- -- -7.3 22.8 -0.7 USD FC(USD) -1.0 23.8 24.1 52.6 85.1 10.7 7.5 8.8 22.4 -11.4 20.1 9.0 USD IC(USD) -1.0 24.2 25.1 55.0 37.5 10.9 7.8 9.2 22.8 -11.1 20.5 9.2 USD LC(USD) -1.1 22.9 21.3 47.0 65.3 10.2 6.7 8.0 21.5 -12.1 19.2 8.1 USD TFC(USD) -1.0 23.9 24.3 -- 32.9 10.8 7.5 -- -- -11.3 20.2 8.9

Page 2 / 4 101 Marketing Material Factsheet: DWS Invest Global Agribusiness

Equity Funds - Sectors/Categories

August 2021 As at 31/08/2021

Fund Data Portfolio Manager Stephan Werner Assets 473.4 Mio. USD Portfolio Manager since 15/09/2016 Fund Currency USD Portfolio Management Company DWS Investment GmbH Launch Date 20/11/2006 Portfolio Management Location Germany Fiscal Year End 31/12/2021 Management Company DWS Investment S.A. Investor profile Risk-tolerant Legal Structure SICAV Custodian State Street Bank GmbH, Lux. Share Classes Share Cur. ISIN Code German Earnings Front-end Load ¹ Issue Price Redemption Interim Gains Management Running costs / plus Minimum Class Sec. Code up to Price Fee TER performance- Invest- related fee ment Amount

FC EUR LU0273147834 DWS 0BW Accumulation 0.00% 201.61 201.61 0.750% 0.87% (1) -- 2,000,000 GBP D RD GBP LU0435837942 DWS 0XX Distribution 0.00% 194.34 194.34 0.750% 0.88% (1) -- -- GBP LD DS GBP LU0329762636 DWS 0RC Distribution 5.00% 148.54 141.11 1.500% 1.64% (1) -- -- IC EUR LU2058011201 DWS 23S Accumulation 0.00% 119.07 119.07 0.500% 0.59% (1) -- 10,000,000 LC EUR LU0273158872 DWS 0BU Accumulation 5.00% 187.05 177.69 1.500% 1.62% (1) -- -- LD EUR LU0363470070 DWS 0TM Distribution 5.00% 169.51 161.03 1.500% 1.62% (1) -- -- NC EUR LU0273147594 DWS 0BV Accumulation 3.00% 165.70 160.73 2.000% 2.30% (1) -- -- SGD LC SGD LU2052525768 DWS 23N Accumulation 5.00% 12.65 12.02 1.500% 1.67% (1) -- -- TFC EUR LU1663901848 DWS 2QL Accumulation 0.00% 132.35 132.35 0.750% 0.86% (1) -- -- TFD EUR LU1663904511 DWS 2QM Distribution 0.00% 127.95 127.95 0.750% 0.86% (1) -- -- USD FC USD LU0273177401 DWS 0BY Accumulation 0.00% 185.13 185.13 0.750% 0.88% (1) -- 2,000,000 USD IC USD LU1203060063 DWS 19P Accumulation 0.00% 137.46 137.46 0.500% 0.59% (1) -- 10,000,000 USD LC USD LU0273164847 DWS 0BX Accumulation 5.00% 173.95 165.25 1.500% 1.65% (1) -- -- USD TFC USD LU1663906300 DWS 2QN Accumulation 0.00% 132.85 132.85 0.750% 0.91% (1) -- -- (1) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 31/12/2020. They are subject to change from year to year. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

DWS Investment GmbH ¹ Based on the gross investment.

Page 3 / 4 102 Factsheet: DWS Invest Global Agribusiness

Bond Funds - EUR

Opportunities In accordance with the investment policy.

Risks • The fund invests its assets in selected regions or sectors. This increases the risk that the fund may be negatively influenced by the economic and political conditions in the respective regions or sectors. • The fund invests in equities. Equities are subject to strong price fluctuations and thus also to the risk of price decreases. • Due to its composition/the techniques used by the Fund management, the investment fund has significantly elevated volatility, i.e. the share price may be subject to significant fluctuations up or down within short periods of time. The share value may fall below the purchase price at which the customer acquired the share at any time.

Important note on the investor profile:

Page 4 / 4 103 Bond Funds

EUR Marketing Material Factsheet: DWS Covered Bond Fund

Bond Funds - EUR

August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance - Share Class LD (in %) Fixed income fund with focus on European covered bonds such as German “Pfandbriefe”, Spanish “Cedulas” and French “Obligations Foncières”. The fund is only investing in euro-denominated securities with an active duration management. Active management of maturities and duration.

Fund Benchmark: iBoxx € Covered (RI) ab 1.7.10 Calculation of performance is based on the time-weighted return and excludes front-end fees. Individual costs such as fees, commissions and Fund Management's Comment other charges have not been included in this presentation and would have an adverse impact on returns if they were included. Past performance is not a reliable indicator of future returns. Overall, the risk sentiment in the financial markets was positive in August. This was due to statements by the U.S. Federal Reserve that it would not reduce bond purchases early Cumulative performance (in %) - share class LD on and fading concerns about the spread of 1 m 1 y 3 y 5 y s. Inception YTD 3 y avg 5 y avg 2017 2018 2019 2020 the Delta variant. Market liquidity was low due to the holiday season. In this environment, yields on German EUR 0.0 -0.1 2.3 -0.3 253.3 -0.8 0.8 -0.1 0.0 -0.3 2.4 0.8 government bonds rose noticeably and the BM IN EUR -0.1 0.0 4.0 3.3 319.8 -0.7 1.3 0.7 0.6 0.2 2.8 1.9 risk spreads on Spanish and Italian government bonds moved sideways. Risk spreads for corporate bonds fell slightly and equity indices reached new highs. The risk premiums (spreads) for covered bonds (collateralized bonds) remained stable across most country segments in August. In Further Characteristics (3 years) / VAR (1 year) - share class LD total, the ECB holds around EUR 295 billion Volatility 2.16% Maximum Drawdown -2.90% VAR (99%/10 days) 0.64% in covered bonds under its covered bond buying program (CBPP3 as of August 27), a Sharpe Ratio 0.64 Information Ratio -1.05 Correlation Coefficient 0.97 billion Euros more than in the previous month. Alpha -0.58% Beta 1.03 Tracking Error 0.52% As expected, the issue volume on the primary market was very low in the holiday month of August. Overall, the volume of new bonds in the covered bond market this year remains Portfolio Analysis significantly lower than in previous years. We Portfolio Breakdown (in % of fund volume) expect new issues to rise again from September. Covered Bonds 88.4 Financial bonds 6.8 Cash equivalents 1.3 Other Securities 2.4

Morningstar Style-Box™ Credit Quality High

Medium Gross weighting, not adjusted for derivative positions.

Low Breakdown by Rating (in % of bond holdings) Asset Allocation (in % of fund volume) AAA 46.8 Bonds 97.7 Low High AA 43.4 Money market funds 1.3 Medium A 7.9 Cash and other assets 0.9 Interest Rate Sensitivity BBB 1.9 Future Long 4.4 Future Short -1.5 Morningstar Category™ EUR Corporate Bond

Ratings (As at: 30/07/2021)

Lipper Leaders: The presentation of the structure of the bond credit ratings is based on both internal and external ratings.

Note: The key terms are explained in the glossary. Page 1 / 4 105 Marketing Material Factsheet: DWS Covered Bond Fund

Bond Funds - EUR

August 2021 As at 31/08/2021

Portfolio Analysis Breakdown by Currency (in % of fund volume) Principal Holdings (Bonds) (in % of fund volume)

Euro 100.0 Caixa Económica Montepio Geral 17/17.10.22 MTN PF 2.6 Banco BPM 15/14.09.22 MTN PF 2.3 Banco BPM 16/08.06.23 MTN PF 2.1 BPER Banca 15/22.01.22 MTN PF 2.0 Cajamar Caja Rural, S.C.C. 18/18.06.23 PF 2.0 Korea Housing Finance 21/29.06.26 Reg S 1.6 Caixabank 15/05.08.22 PF 1.5 Commerzbank 18/09.01.34 S.P30 1.4 ASB Finance (London Branch) 16/18.10.23 MTN PF 1.4 Ibercaja Banco 16/18.10.23 PF 1.3 Total 18.2

Incl. forward exchange transactions, negative and positive figures reflect expected Gross weighting, not adjusted for derivative positions. currency developments.

Breakdown by Country (Bonds) (in % of fund volume)

Spain 19.8 Italy 15.0 France 10.1 Germany 9.0 Netherlands 7.3 Norway 5.3 Australia 4.8 Korea 4.8 Portugal 3.6 Slovakia 3.1 Other Countries 16.2 Gross weighting, not adjusted for derivative positions.

Key Figures regarding the Fund's Assets Yield (in %) -0.1 Current Interest Rate (in %) 0.6 Duration (in years) 5.2 Modified Duration 5.2 Maturity (in years) 4.9 Number of Bonds 132 Average Rating AA

Cumulative performance (in %) 1 m 1 y 3 y 5 y s. YTD 3 y avg 5 y avg 2017 2018 2019 2020 Inception

FD 0.0 0.2 3.3 1.2 19.0 -0.6 1.1 0.2 0.3 0.0 2.7 1.1 IC 0.0 0.2 3.4 1.4 17.8 -0.5 1.1 0.3 0.3 0.1 2.7 1.2 ID 0.0 0.2 3.4 1.4 15.3 -0.5 1.1 0.3 0.4 0.1 2.7 1.1 LC -0.1 -0.1 2.3 -0.4 14.7 -0.8 0.8 -0.1 0.0 -0.3 2.4 0.8 LD 0.0 -0.1 2.3 -0.3 253.3 -0.8 0.8 -0.1 0.0 -0.3 2.4 0.8 TFC 0.0 0.2 3.3 -- 3.2 -0.6 1.1 ------2.7 1.1 TFD 0.0 0.2 3.4 -- 3.4 -0.5 1.1 ------2.7 1.1

Page 2 / 4 106 Marketing Material Factsheet: DWS Covered Bond Fund

Bond Funds - EUR

August 2021 As at 31/08/2021

Fund Data Portfolio Manager Moritz Rieper Assets 198.6 Mio. EUR Portfolio Manager since 01/07/2017 Fund Currency EUR Portfolio Management Company DWS Investment GmbH Launch Date 26/05/1988 Portfolio Management Location Germany Fiscal Year End 30/09/2021 Management Company DWS Investment GmbH Investor profile Income-oriented Legal Structure Fund Custodian State Street Bank International GmbH Share Classes Share Cur. ISIN Code German Earnings Front-end Load Issue Price Redemption Interim Gains All-in-Fee Running costs / plus Minimum Class Sec. Code Price TER performance- Invest- related fee ment Amount

FD EUR DE000DWS1UN6 DWS 1UN Distribution 0.00% 56.12 56.12 0.400% 0.40% (1) -- 2,000,000 IC EUR DE000DWS1UP1 DWS 1UP Accumulation 0.00% 59.66 59.66 0.350% 0.35% (1) -- 25,000,000 ID EUR DE000DWS1UQ9 DWS 1UQ Distribution 0.00% 57.19 57.19 0.350% 0.34% (1) -- 25,000,000 LC EUR DE000DWS1UL0 DWS 1UL Accumulation 2.50% 59.51 58.05 0.700% 0.70% (1) -- -- LD EUR DE0008476532 847 653 Distribution 2.50% 56.30 54.93 0.700% 0.70% (1) -- -- TFC EUR DE000DWS2SN8 DWS 2SN Accumulation 0.00% 103.24 103.24 0.400% 0.40% (1) -- -- TFD EUR DE000DWS2SP3 DWS 2SP Distribution 0.00% 102.01 102.01 0.400% 0.36% (1) -- -- (1) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 30/09/2020. They are subject to change from year to year. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

DWS Investment GmbH Please note that not all share classes and subfunds respectively are registered in every country. Units issued by Deutsche Invest SICAV may only be sold or offered for sale in jurisdictions in which such offer or sale is permitted. Mainzer Landstraße 11-17 60329 Frankfurt am Main Figures subject to audit. The current sales prospectus which is legally binding for the purchase of fund units is available from your financial Tel.: +49 (0) 69 / 910 - 12371 consultant or DWS Investment GmbH. The sales prospectus contains detailed information about risk. Evaluations made in this report may change at any time whithout prior announcement. These statements are based on our assessment of the current legal and tax information. Fax: +49 (0) 69 / 910 - 19090

Internet: www.dws.com E-Mail: [email protected]

Page 3 / 4 107 Factsheet: DWS Covered Bond Fund

Bond Funds - EUR

Opportunities In accordance with the investment policy.

Risks • The fund invests in bonds, the value of which depends on whether the issuer is able to afford its payments. The deterioration of credit quality (ability and willingness to repay) may have an adverse affect on the value of the bond. • The share value may fall below the purchase price at which the customer acquired the share at any time.

Important note on the investor profile:

Investor profile: Income-oriented The sub-fund is designed for income-oriented investors who wish to achieve capital growth through dividend distributions and interest income from bonds and money market instruments. Expected earnings are offset by equity, interest rate and currency risks as well as creditworthiness risks and the possibility of loss of the invested capital, up to the total amount invested. The investor is willing and able to bear a financial loss, and does not prioritize capital preservation.

Page 4 / 4 108 Marketing Material Factsheet: DWS ESG Zinseinkommen

Bond Funds - EUR

August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance - Share Class LD (in %) The Fund invests primarily in government bonds, corporate bonds and covered bonds. Investments in bonds of agency issuers, subordinated bonds and ABS are also possible. The Fund invests in securities denominated in Euros or hedged against the Euro. Active duration management is an essential part of the strategy. The portfolio is mainly invested in assets of domestic and foreign issuers that focus on average or above-average environmental, social and corporate governance (ESG) performance.

Portfolio Analysis Portfolio Breakdown (in % of fund volume) Corporate Bonds 36.8 Government bonds 14.6 Financial bonds 12.1 Agencies 6.1 Emerging markets sovereigns 5.9 Emerging markets corporates 1.3 Covered Bonds 0.6 Other Securities 22.4 Morningstar Style-Box™ Credit Quality High

Medium Gross weighting, not adjusted for derivative positions.

Low Breakdown by Rating (in % of bond holdings) Asset Allocation (in % of fund volume) AAA 2.4 Bonds 99.6 Low High AA 4.8 Cash and other assets 0.4 Medium A 17.2 Future Short -27.2 Interest Rate Sensitivity BBB 61.0 BB 12.6 Morningstar Category™ B 2.0 Other Bond

Ratings (As at: 30/07/2021)

Lipper Leaders: The presentation of the structure of the bond credit ratings is based on both internal and external ratings.

Note: The key terms are explained in the glossary. Page 1 / 4 109 Marketing Material Factsheet: DWS ESG Zinseinkommen

Bond Funds - EUR

August 2021 As at 31/08/2021

Portfolio Analysis Breakdown by Currency (in % of fund volume) Principal Holdings (Bonds) (in % of fund volume)

Euro 100.0 Italy B.T.P. 10/01.03.26 3.9 Italy 20/01.07.25 3.4 Italy 20/15.09.27 2.7 Nordrhein-Westfalen 14/24.10.30 R.1333 LSA 1.9 Spain 16/31.10.26 1.7 Italy B.T.P. 09/01.03.25 1.7 Indonesia 18/24.04.25 1.7 Ontario, Province 17/14.06.24 MTN 1.6 Portugal 16/21.07.26 1.1 Portugal 19/15.06.29 1.1 Total 20.8

Incl. forward exchange transactions, negative and positive figures reflect expected Gross weighting, not adjusted for derivative positions. currency developments.

Breakdown by Country (Bonds) (in % of fund volume)

Italy 18.3 Spain 9.4 Germany 9.2 USA 8.3 France 7.9 Netherlands 5.4 Great Britain 4.6 Canada 3.3 Sweden 2.7 Indonesia 2.3 Other Countries 28.2 Gross weighting, not adjusted for derivative positions.

Key Figures regarding the Fund's Assets Yield (in %) 1.1 Current Interest Rate (in %) 1.9 Duration (in years) 4.7 Modified Duration 4.7 Maturity (in years) 13.5 Number of Bonds 209 Average Rating BBB

Cumulative performance (in %) 1 m 1 y 3 y 5 y s. YTD 3 y avg 5 y avg 2017 2018 2019 2020 Inception

LD 0.1 1.7 5.7 2.2 14.7 0.1 1.9 0.4 0.4 -2.4 4.5 0.9

Page 2 / 4 110 Marketing Material Factsheet: DWS ESG Zinseinkommen

Bond Funds - EUR

August 2021 As at 31/08/2021

Fund Data Portfolio Manager Oliver Eichmann & Markus Wiedemann Assets 317.3 Mio. EUR Portfolio Manager since 31/01/2021 Fund Currency EUR Portfolio Management Company DWS Investment GmbH Launch Date 26/09/2011 Portfolio Management Location Germany Fiscal Year End 31/12/2021 Management Company DWS Investment S.A. Investor profile Income-oriented Legal Structure SICAV Custodian State Street Bank GmbH, Lux. Share Classes Share Cur. ISIN Code German Earnings Front-end Load Issue Price Redemption Interim Gains All-in-Fee Running costs / plus Minimum Class Sec. Code Price TER performance- Invest- related fee ment Amount

LD EUR LU0649391066 DWS 037 Distribution 3.00% 104.93 101.87 0.500% 0.54% (1) -- -- (1) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 31/12/2020. They are subject to change from year to year. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

Internet: www.dws.com E-Mail: [email protected]

Page 3 / 4 111 Factsheet: DWS ESG Zinseinkommen

Bond Funds - EUR

Opportunities In accordance with the investment policy.

Risks • The fund invests in financial instruments that are basically sufficiently liquid but which may be illiquid under certain circumstances. This means that regular trade may be temporarily disrupted or impossible. • The fund invests in bonds, the value of which depends on whether the issuer is able to afford its payments. The deterioration of credit quality (ability and willingness to repay) may have an adverse affect on the value of the bond. • The share value may fall below the purchase price at which the customer acquired the share at any time.

Important note on the investor profile:

Page 4 / 4 112 Marketing Material Factsheet: DWS Invest ESG Euro Bonds (Short)

Bond Funds - EUR

August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance - Share Class LC(EUR) (in %) Euroland fixed income fund focusing on bonds with an average maturity between 0 and 3 years. The fund invests in government bonds, government related bonds and covered bonds. Additional investments in corporate bonds, financials, subordinated bonds and Emerging Markets bonds are possible as well. The fund is only investing in euro-denominated securities.

Fund Benchmark: iBoxx € Overall 1-3Y (RI) ab 1.9.09 Calculation of performance is based on the time-weighted return and excludes front-end fees. Individual costs such as fees, commissions and Fund Management's Comment other charges have not been included in this presentation and would have an adverse impact on returns if they were included. Past performance is not a reliable indicator of future returns. For detailed comments on the fund and its corresponding markets please see the annual report. Cumulative performance (in %) - share class LC(EUR) 1 m 1 y 3 y 5 y s. Inception YTD 3 y avg 5 y avg 2017 2018 2019 2020

EUR 0.0 0.6 1.7 0.2 47.5 -0.2 0.6 0.0 0.4 -1.5 0.6 1.0 BM IN EUR -0.1 0.1 0.7 0.2 54.5 -0.2 0.2 0.0 -0.1 -0.2 0.5 0.2

Further Characteristics (3 years) / VAR (1 year) - share class LC(EUR) Volatility 1.51% Maximum Drawdown -2.42% VAR (99%/10 days) 0.18% Sharpe Ratio 0.78 Information Ratio 0.39 Correlation Coefficient 0.93 Alpha 0.13% Beta 1.85 Tracking Error 0.85%

Portfolio Analysis Portfolio Breakdown (in % of fund volume) Government bonds 41.1 Corporate Bonds 18.5 Financial bonds 11.1 Covered Bonds 8.1 Agencies 6.8 Emerging markets sovereigns 6.3 Cash equivalents 2.1 Emerging markets corporates 0.7 Morningstar Style-Box™ Other Securities 4.9 Credit Quality High

Medium Gross weighting, not adjusted for derivative positions.

Low Breakdown by Rating (in % of bond holdings) Asset Allocation (in % of fund volume) AAA 13.0 Bonds 96.3 Low High AA 17.5 Money market funds 2.1 Medium A 18.1 Investment funds 1.1 Interest Rate Sensitivity BBB 45.1 Cash and other assets 0.4 BB 6.3 Future Short -8.2 Morningstar Category™ EUR Diversified Bond - Short Term

Ratings (As at: 30/07/2021) Morningstar Overall Rating™: ««««

Lipper Leaders: The presentation of the structure of the bond credit ratings is based on both internal and external ratings.

Note: The key terms are explained in the glossary. Page 1 / 4 113 Marketing Material Factsheet: DWS Invest ESG Euro Bonds (Short)

Bond Funds - EUR

August 2021 As at 31/08/2021

Portfolio Analysis Breakdown by Currency (in % of fund volume) Principal Holdings (Bonds) (in % of fund volume)

Euro 100.0 Italy B.T.P. 13/01.03.24 1.7 Italy B.T.P. 12/01.11.22 1.6 Italy B.T.P. 12/01.09.22 1.6 Italy 18/01.10.23 1.6 Italy 19/17.10.24 1.6 Italy B.T.P 17/15.05.24 1.6 Italy 18/01.03.23 1.5 Italy 20/15.06.23 1.5 Italy 19/01.02.25 1.5 Spain 18/30.07.23 1.5 Total 15.7

Incl. forward exchange transactions, negative and positive figures reflect expected Gross weighting, not adjusted for derivative positions. currency developments.

Breakdown by Country (Bonds) (in % of fund volume)

Italy 24.8 Germany 11.8 Spain 7.9 France 7.8 Norway 4.5 Netherlands 4.1 Luxembourg 4.0 USA 3.8 Portugal 2.9 Belgium 2.4 Other Countries 25.2 Gross weighting, not adjusted for derivative positions.

Key Figures regarding the Fund's Assets Yield (in %) 0.7 Current Interest Rate (in %) 1.3 Duration (in years) 2.7 Modified Duration 2.7 Maturity (in years) 3.9 Number of Bonds 153 Average Rating A

Cumulative performance (in %) 1 m 1 y 3 y 5 y s. YTD 3 y avg 5 y avg 2017 2018 2019 2020 Inception

FC(EUR) 0.0 0.8 2.3 1.3 55.8 -0.1 0.8 0.3 0.7 -1.3 0.8 1.2 IC100(EUR) 0.0 0.9 2.8 -- 1.1 0.0 0.9 ------0.9 1.5 LC(EUR) 0.0 0.6 1.7 0.2 47.5 -0.2 0.6 0.0 0.4 -1.5 0.6 1.0 LD(EUR) 0.0 0.7 1.7 0.2 47.5 -0.2 0.6 0.0 0.4 -1.5 0.6 1.0 NDQ(EUR) -0.1 0.4 0.8 -- -1.0 -0.4 0.3 -- -- -1.8 0.3 0.7 TFC(EUR) 0.0 0.9 2.3 -- 0.3 0.0 0.8 -- -- -1.3 0.8 1.2 TFD(EUR) 0.0 0.9 2.4 -- 0.4 0.0 0.8 -- -- -1.3 0.8 1.2

Page 2 / 4 114 Marketing Material Factsheet: DWS Invest ESG Euro Bonds (Short)

Bond Funds - EUR

August 2021 As at 31/08/2021

Fund Data Portfolio Manager Daniel Kittler Assets 1,329.7 Mio. EUR Portfolio Manager since 31/05/2019 Fund Currency EUR Portfolio Management Company DWS Investment GmbH Launch Date 03/06/2002 Portfolio Management Location Germany Fiscal Year End 31/12/2021 Management Company DWS Investment S.A. Investor profile Income-oriented Legal Structure SICAV Custodian State Street Bank GmbH, Lux. Share Classes Share Cur. ISIN Code German Earnings Front-end Load ¹ Issue Price Redemption Interim Gains Management Running costs / plus Minimum Class Sec. Code up to Price Fee TER performance- Invest- related fee ment Amount

FC EUR LU0145657366 551 876 Accumulation 0.00% 155.82 155.82 0.200% 0.26% (1) -- 2,000,000 IC100 EUR LU1815111171 DWS 2WU Accumulation 0.00% 101.11 101.11 0.150% 0.17% (1) -- 100,000,000 LC EUR LU0145655824 551 872 Accumulation 3.00% 152.07 147.50 0.400% 0.46% (1) -- -- LD EUR LU0145656475 551 874 Distribution 3.00% 94.64 91.80 0.400% 0.46% (1) -- -- NDQ EUR LU1054330185 DWS 1QQ Distribution 1.50% 96.28 94.84 0.600% 0.76% (1) -- -- TFC EUR LU1663869268 DWS 2P5 Accumulation 0.00% 100.30 100.30 0.200% 0.26% (1) -- -- TFD EUR LU1663870860 DWS 2P6 Distribution 0.00% 95.57 95.57 0.200% 0.25% (1) -- -- (1) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 31/12/2020. They are subject to change from year to year. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

DWS Investment GmbH ¹ Based on the gross investment. Please note that not all share classes and subfunds respectively are registered in every country. Mainzer Landstraße 11-17 Units issued by Deutsche Invest SICAV may only be sold or offered for sale in jurisdictions in which such offer or sale is permitted. 60329 Frankfurt am Main Tel.: +49 (0) 69 / 910 - 12371 Figures subject to audit. The current sales prospectus which is legally binding for the purchase of fund units is available from your financial consultant or DWS Investment GmbH. The sales prospectus contains detailed information about risk. Evaluations made in this report may change Fax: +49 (0) 69 / 910 - 19090 at any time whithout prior announcement. These statements are based on our assessment of the current legal and tax information. Internet: www.dws.com E-Mail: [email protected]

Page 3 / 4 115 Factsheet: DWS Invest ESG Euro Bonds (Short)

Bond Funds - EUR

Opportunities In accordance with the investment policy.

Risks • There is the risk of loss resulting from the inadequacy or failure of internal systems, processes or people and as a result of external events. • The share value may fall below the purchase price at which the customer acquired the share at any time.

Important note on the investor profile:

Page 4 / 4 116 Marketing Material Factsheet: DWS Invest Global Bonds

Bond Funds - EUR

August 2021 As at 31/08/2021

Fund Data Performance³ Market Comment Performance per Year (in EUR) (in %) Sentiment indicators in Europe showed a poor DWS Invest Global picture in March. The composite PMI Bonds FC (Purchasing Manager Index) decreased from 51.9 in February to 51.3 in March. The manufacturing PMI dropped to 47.5 while the service PMI remained stable at 52.7. Core inflation in the Eurozone remained stable at 1.1% yy (year on year). The ECB revised their growth expectations downwards. They are now expecting a GDP (Gross Domestic Product) growth rate for 2019 of 1.1% (down from 1.6%), 1.6% for 2020 and 1.5% for 2021, with risks still tilted to the downside. The ECB extended its guidance on policy rates and now expects interest rates to remain unchanged “at least through the end of 2019.” In the US, Performance per Month (in EUR) (in %) manufacturing ISM (Institute of supply 2021 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2021 management) dropped to 54.2 while non- manufacturing ISM jumped to 59.7. Non-farm DWS Invest Global Bonds FC -0.1 -0.2 0.2 0.4 0.1 0.1 -0.2 0.2 ------0.5 payrolls rose only by 20k after a significant 2020 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2020 increase of 304k in January. Jobs rose by DWS Invest Global Bonds FC 1.7% y/y which points to a very strong 0.3 0.2 -5.8 1.2 0.9 0.5 0.6 0.3 -0.1 0.1 0.7 0.1 -1.1 underlying pace of job growth. The headline unemployment rate dropped to 3.8%. A large majority of FOMC participants now expect zero hikes this year, down from a median projection of two hikes in December; this was more dovish than consensus expectations. Furthermore the FOMC indicated that the balance sheet runoff will end in October. Trade negotiations between the US and China remain ongoing. The likely timing of a trade agreement has been further shifted from originally early March to April and possibly to June (next G20 meeting in Japan). In the UK, manufacturing PMI jumped to 55.1, which may be a consequence of stock building ahead of Brexit uncertainties. Unemployment remained constant at 3.9%, meanwhile the BOE left its bank rate unchanged at 0.75%. On March 22, the European Council granted the UK an extension of the Article 50 period until April 12 (or May 22 under certain conditions that have Performance per Year (in EUR) (in %) not been met by the UK). 2016 2017 2018 2019 2020 DWS Invest Global Bonds FC 1.1 1.1 -4.5 2.4 -1.1

Volatility (in EUR) (in %) 1 y 3 y 5 y s. DWS Invest Global Bonds FC 0.9 3.9 3.1 2.7

Morningstar Category™ Global Bond - EUR Hedged ³ Calculations are based on monthly data since inception.Calculation of performance is based on the time-weighted return (BVI method) and excludes initial charges. Individual costs such as fees, commissions and other charges have not been included in this presentation and would have an adverse impact on returns if they were included. Past performance is not a reliable indicator of future returns. Ratings (As at: 30/07/2021) Morningstar Overall Rating™: ««

Lipper Leaders:

Note: The key terms are explained in the glossary. Page 1 / 5 117 Marketing Material Factsheet: DWS Invest Global Bonds

Bond Funds - EUR

August 2021 As at 31/08/2021

Investment Policy Portfolio Analysis Globally investing fixed-income fund. The Principal holdings (in %) Sector Exposure (in %) Fund invests in government bonds, bonds from near-government issuers and covered bonds. It may also invest in corporate bonds, UNITED STATES TREASURY 10.6 Corporate bonds 39.8 financials, subordinated bonds and emerging market bonds, among other segments. Active GERMANY (FEDERAL REPUBL 7.0 Sovereigns 17.6 duration and maturity management. BARCLAYS BANK IRELAND PL 1.6 Financials 15.0 TELECOM ITALIA SPA 1.4 EM Corporates 9.9 SOUTH AFRICA (REPUBLIC O 1.3 EM Sovereigns 9.7 CREDIT SUISSE GROUP AG 1.2 Corporate Hybrids 6.2 MORGAN STANLEY 1.2 Cash and Equivalents 1.8 BRAZIL FEDERATIVE REPUBLI 1.1 AUSTRALIA AND NEW ZEALA 1.1 NATURGY FINANCE BV 1.1 Fund Management's Comment

In August, 10-year Treasury rates started by falling to 1.15% on concerns that growth already peaked and that the Delta Breakdown by country (in %) Rating allocation (in % of bond holdings) coronavirus variant will affect the reopening of the US economy. However, rather strong job data as well as high inflation prints (5.4% CPI United States 19.1 AAA 17.6 YoY in the US) suddenly made a “tapering” Germany 12.5 AA 2.0 from the Fed more likely, sending yields France 6.4 A 10.6 higher again. In a much anticipated Jackson 5.2 36.9 Hole annual meeting, Fed Chairman Powell Spain BBB indeed reinforced the message that it would Italy 4.4 BB 27.7 be appropriate to begin scaling back asset United Kingdom 4.0 B 4.8 purchases by the end of the year. US 10-year Netherlands 2.7 Not Rated 0.4 rates closed the month higher to 1.31%, up 8 Ireland 2.6 basis points from July. Australia 2.5 On the credit side, a combination of loose Switzerland 2.5 monetary policies, low rates and economic recovery maintained spreads close to multi- year lows with high-yield bonds continuing to deliver superior carry with little volatility. Meanwhile emerging markets bonds quietly shrugged off some of their last month underperformance with spreads trading tighter as investors reallocated again to the asset class. The fund performed strongly in August with a +28 bps monthly return thanks to slightly higher US rates and tighter credit spreads in emerging markets bonds.

Modified Duration (in years)

DWS Invest Global Bonds FC

Key Figures regarding the Fund's Assets Average Rating BBB Yield (in %) 0.9 Maturity (in years) 7.1 Current Interest Rate (in %) 1.1 Number of Bonds 146

Page 2 / 5 118 Marketing Material Factsheet: DWS Invest Global Bonds

Bond Funds - EUR

August 2021 As at 31/08/2021

Performance³ Performance (indexed) FC(EUR) (in %)

DWS Invest Global Bonds FC

Cumulative Performance (in %) 1 m 1 y 3 y 5 y s. Inception YTD 3 y avg 5 y avg 2017 2018 2019 2020 CHF FCH(CHF) -- 0.7 -2.6 -4.6 -5.5 0.0 -1.1 -1.1 0.5 -5.2 1.8 -1.5 CHF LCH(CHF) 0.2 0.6 -3.3 -5.9 -7.3 0.0 -1.1 -1.2 0.2 -5.4 1.5 -2.0 FC(EUR) 0.2 1.3 -0.7 -1.6 13.0 0.5 -0.2 -0.3 1.1 -4.5 2.4 -1.1 FD(EUR) 0.2 1.3 -0.7 -1.6 -1.8 0.5 -0.2 -0.3 1.1 -4.5 2.4 -1.1 GBP CH RD(GBP) 0.3 1.9 1.9 2.5 4.1 0.9 0.6 0.5 1.8 -3.5 3.6 -0.4 GBP DH RD(GBP) 0.3 1.9 1.9 2.5 5.3 0.9 0.6 0.5 1.8 -3.5 3.6 -0.4 GBP IDH(GBP) 0.3 2.1 2.5 3.5 6.9 1.1 0.8 0.7 2.0 -3.4 3.8 -0.3 IC(EUR) 0.2 1.5 -0.1 -0.6 -0.4 0.6 0.0 -0.1 1.3 -4.3 2.7 -0.9 LC(EUR) 0.2 0.9 -2.0 -3.6 -2.3 0.2 -0.7 -0.7 0.7 -4.9 2.0 -1.5 LD(EUR) 0.2 0.9 -2.0 -3.7 -1.3 0.2 -0.7 -0.7 0.7 -4.9 2.0 -1.5 NC(EUR) 0.1 0.3 -3.5 -6.1 -5.9 -0.2 -1.2 -1.2 0.2 -5.4 1.5 -2.0 NDQ(EUR) 0.1 0.3 -3.5 -- -6.4 -0.2 -1.2 -- -- -5.4 1.5 -2.0 SEK LCH(SEK) 0.2 1.3 -1.2 -3.4 -2.4 0.5 -0.4 -0.7 0.4 -5.1 2.2 -1.0 TFC(EUR) 0.2 1.2 -0.9 -- -2.8 0.4 -0.3 -- -- -4.5 2.4 -1.2 TFD(EUR) 0.2 1.2 -0.9 -- -2.9 0.5 -0.3 -- -- -4.5 2.3 -1.1 USD FCH(USD) 0.3 2.1 5.5 8.9 10.6 1.0 1.8 1.7 3.0 -1.8 5.5 0.4 USD LCH(USD) 0.2 1.7 4.0 6.6 7.9 0.7 1.3 1.3 2.7 -2.3 5.0 0.1 USD TFCH(USD) 0.3 2.1 5.2 -- 5.2 1.0 1.7 -- -- -1.9 5.3 0.5

Address Note

Page 3 / 5 119 Marketing Material Factsheet: DWS Invest Global Bonds

Bond Funds - EUR

August 2021 As at 31/08/2021

Fund Data Portfolio Manager Francois Fabreges Assets 151.1 Mio. EUR Portfolio Manager since 30/11/2020 Fund Currency EUR Portfolio Management Company DWS Investment GmbH Launch Date 22/12/2011 Portfolio Management Location Germany Fiscal Year End 31/12/2021 Management Company DWS Investment S.A. Investor profile Income-oriented Legal Structure SICAV Custodian State Street Bank GmbH, Lux. Share Classes Share Cur. ISIN Code German Earnings Front-end Load Issue Price Redemption Interim Gains Management Running costs / plus Minimum Class Sec. Code ¹ up to Price Fee TER performance- Invest- ment related fee Amount

CHF FCH CHF LU1054335655 DWS 1PG Accumulation 0.00% 0.00 0.00 0.500% 0.62% (1) -- 2,000,000 CHF LCH CHF LU1054335812 DWS 1PS Accumulation 3.00% 95.59 92.72 0.900% 1.04% (1) -- -- FC EUR LU0616846035 DWS 049 Accumulation 0.00% 112.97 112.97 0.500% 0.59% (1) -- 2,000,000 FD EUR LU1054334179 DWS 1ME Distribution 0.00% 87.98 87.98 0.500% 0.59% (1) -- 2,000,000 GBP CH RD GBP LU1249493864 DWS 2A2 Accumulation 0.00% 104.14 104.14 0.500% 0.62% (1) -- -- GBP DH RD GBP LU1054335226 DWS 1N1 Distribution 0.00% 93.19 93.19 0.500% 0.63% (1) -- -- GBP IDH GBP LU1054335069 DWS 1NR Distribution 0.00% 93.22 93.22 0.350% 0.45% (1) -- 10,000,000 IC EUR LU1054333791 DWS 1LU Accumulation 0.00% 99.64 99.64 0.350% 0.41% (1) -- 10,000,000 LC EUR LU0616844923 DWS 044 Accumulation 3.00% 100.73 97.71 0.900% 0.99% (1) -- -- LD EUR LU0616845144 DWS 045 Distribution 3.00% 91.04 88.30 0.900% 0.99% (1) -- -- NC EUR LU0616845490 DWS 046 Accumulation 1.50% 95.52 94.08 1.300% 1.49% (1) -- -- NDQ EUR LU1576724360 DWS 2M3 Distribution 1.50% 91.03 89.67 1.300% 1.50% (1) -- -- SEK LCH SEK LU1281067741 DWS 2C1 Accumulation 3.00% 1,006.00 975.82 0.900% 0.79% (1) -- -- TFC EUR LU1663911300 DWS 2QR Accumulation 0.00% 97.16 97.16 0.500% 0.63% (1) -- -- TFD EUR LU1663913009 DWS 2QS Distribution 0.00% 91.57 91.57 0.500% 0.58% (1) -- -- USD FCH USD LU1054334682 DWS 1M5 Accumulation 0.00% 110.60 110.60 0.500% 0.67% (1) -- 2,000,000 USD LCH USD LU1054334849 DWS 1NF Accumulation 3.00% 111.24 107.90 0.900% 1.06% (1) -- -- USD TFCH USD LU1663914742 DWS 2QT Accumulation 0.00% 105.21 105.21 0.500% 0.65% (1) -- -- (1) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 31/12/2020. They are subject to change from year to year. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

Page 4 / 5 120 Factsheet: DWS Invest Global Bonds

Bond Funds - Emerging Markets/ High Yield Corporate Bonds

Opportunities In accordance with the investment policy.

Important note on the investor profile:

Page 5 / 5 121 Bond Funds

Emerging Markets/ High Yield Corporate Bonds Marketing Material Factsheet: DWS Invest China Bonds

Bond Funds - Emerging Markets/ High Yield Corporate Bonds

August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance - Share Class USD LC(USD) (in %) The investment policy of DWS Invest China Bonds is to achieve an above average return for the sub-fund by investing at least 60% of net assets in securities of issuers that have their head office or majority of their activity in the Greater China region.

USD 0.1 1.4 8.1 11.5 30.5 0.1 2.6 2.2 15.6 -5.7 4.2 3.9 EUR 0.8 2.2 6.7 5.0 57.9 3.9 2.2 1.0 2.2 -1.2 6.4 -5.2 The information regarding this product is based on USD. For this reason, the performance in Euros of this product may rise or fall on the basis of currency fluctuations.

Further Characteristics (3 years) / VAR (1 year) - share class USD LC(USD) Volatility 2.94% Maximum Drawdown -2.43% VAR (99%/10 days) 0.44% Sharpe Ratio 0.43 Information Ratio -- Correlation Coefficient -- Alpha -- Beta -- Tracking Error --

Portfolio Analysis Portfolio Breakdown (in % of fund volume) Emerging markets corporates 52.5 Corporate Bonds 40.6 Emerging markets sovereigns 3.7 Cash equivalents 3.2

Morningstar Style-Box™ Credit Quality High

Medium Gross weighting, not adjusted for derivative positions.

Low Breakdown by Rating (in % of bond holdings) Asset Allocation (in % of fund volume) AA 6.9 Bonds 96.8 Low High A 52.4 Cash and other assets 3.2 Medium BBB 29.4 Interest Rate Sensitivity BB 4.4 B 5.1 Morningstar Category™ CCC 1.9 RMB Bond

Ratings (As at: 30/07/2021)

Lipper Leaders: The presentation of the structure of the bond credit ratings is based on both internal and external ratings.

Note: The key terms are explained in the glossary. Page 1 / 4 123 Marketing Material Factsheet: DWS Invest China Bonds

Bond Funds - Emerging Markets/ High Yield Corporate Bonds

August 2021 As at 31/08/2021

Portfolio Analysis Breakdown by Country (Bonds) (in % of fund volume) Largest Individual Holdings (in % of fund volume)

China 38.3 PCCW-HKT Capital No. 5 13/08.03.23 Reg S 4.4 Hongkong SAR 29.2 Smartone Finance 13/08.04.23 3.7 Japan 10.9 China 19/03.12.22 3.1 Korea 6.6 State Grid Overseas Inv.(BVI) 17/04.05.22 Reg S 3.1 India 4.3 FTL Capital 13/25.04.23 3.0 Indonesia 3.8 CLP Power Hong Kong Fin. 12/26.04.23 MTN 2.7 Taiwan 1.2 NWD (MTN) 15/30.11.22 MTN 2.7 Philippines 0.8 Hongkong Land Finance 12/01.06.22 MTN 2.6 Vietnam 0.7 Sinopec Group Overseas Dev. 12/17.05.22 Reg S 2.5 Australia 0.5 Vanke Real Estate (Hong Kong) 16/14.10.21 MTN 2.5 Other Countries 0.5 Total 30.3 Gross weighting, not adjusted for derivative positions.

Breakdown by Currency (in % of fund volume)

United States dollar 99.9

Incl. forward exchange transactions, negative and positive figures reflect expected currency developments.

Key Figures regarding the Fund's Assets Yield (in %) 2.3 Current Interest Rate (in %) 3.2 Duration (in years) 1.8 Modified Duration 1.8 Maturity (in years) 5.0 Number of Bonds 82 Average Rating BBB

Cumulative performance (in %) 1 m 1 y 3 y 5 y s. YTD 3 y avg 5 y avg 2017 2018 2019 2020 Inception

CHF FCH(CHF) 0.1 0.8 2.2 0.8 9.2 -0.2 0.7 0.2 13.2 -8.2 1.2 2.4 CHF LCH(CHF) 0.0 0.4 0.7 -1.9 4.4 -0.6 0.2 -0.4 12.5 -8.7 0.7 1.9 FCH(EUR) 0.1 1.2 3.4 2.8 20.7 0.0 1.1 0.6 13.7 -7.9 1.7 2.8 FDH(EUR) 0.1 1.2 3.5 3.1 7.6 0.0 1.2 0.6 13.6 -7.8 1.8 2.7 LCH(EUR) 0.0 0.5 1.7 0.3 14.7 -0.5 0.6 0.1 13.2 -8.3 1.1 2.3 LDH(EUR) 0.1 0.6 1.8 0.3 14.9 -0.4 0.6 0.1 13.2 -8.3 1.1 2.3 NC(EUR) 0.6 1.9 5.2 3.0 30.9 3.8 1.7 0.6 1.2 -1.7 6.1 -5.6 NCH(EUR) 0.0 0.1 0.4 -1.9 10.4 -0.8 0.1 -0.4 12.8 -8.7 0.7 1.8 NDH(EUR) 0.0 0.1 0.4 -1.8 -1.6 -0.8 0.1 -0.4 12.7 -8.6 0.6 1.9 NDQH(EUR) 0.0 0.2 0.5 -- 0.5 -0.7 0.2 -- -- -8.6 0.7 1.8 RMB FC(CNY) 0.1 -3.9 3.2 10.1 31.1 -0.4 1.1 1.9 8.7 0.2 5.9 -2.6 RMB FCH(CNY) 0.4 4.6 -- -- 6.7 2.2 ------RMB LC(CNY) 0.0 -4.4 1.9 7.5 26.2 -0.8 0.6 1.5 8.0 -0.3 5.7 -3.1 RMB LCH(CNY) 0.3 4.1 -- -- 5.8 1.8 ------SEK FCH(SEK) 0.1 1.8 3.9 2.9 3.8 0.2 1.3 0.6 13.6 -8.8 2.0 3.4 SEK LCH(SEK) 0.1 0.9 3.3 1.8 2.3 -0.2 1.1 0.3 12.9 -7.8 1.7 2.7 TFCH(EUR) 0.1 1.2 3.3 -- -2.1 0.0 1.1 -- -- -7.9 1.6 2.7 USD FC(USD) 0.2 2.0 9.9 14.6 37.7 0.5 3.2 2.8 16.3 -5.1 4.8 4.4 USD FCH (P)(USD) -0.1 -6.5 -0.7 -0.7 2.2 -2.1 -0.2 -0.1 4.8 -1.6 5.6 -4.0 USD LC(USD) 0.1 1.4 8.1 11.5 30.5 0.1 2.6 2.2 15.6 -5.7 4.2 3.9 USD LDH (P)(USD) -0.2 -7.0 -2.8 -4.0 -2.0 -2.6 -0.9 -0.8 3.9 -2.1 5.1 -5.0 USD LDMH (P)(USD) -0.2 -7.0 -2.7 -3.6 -1.3 -2.5 -0.9 -0.7 4.2 -2.0 5.1 -4.9 USD TFC(USD) 0.2 2.0 9.9 -- 6.3 0.5 3.2 -- -- -5.1 4.8 4.4

Page 2 / 4 124 Marketing Material Factsheet: DWS Invest China Bonds

Bond Funds - Emerging Markets/ High Yield Corporate Bonds

August 2021 As at 31/08/2021

Fund Data Portfolio Manager Henry Wong Assets 196.2 Mio. USD Portfolio Manager since 01/01/2018 Fund Currency USD Portfolio Management Company DWS Investment GmbH & DWS Investments Hong Kong Launch Date 16/08/2011 Portfolio Management Location Hong Kong Fiscal Year End 31/12/2021 Management Company DWS Investment S.A. Investor profile Risk-tolerant Legal Structure SICAV Custodian State Street Bank GmbH, Lux. Share Classes Share Cur. ISIN Code German Earnings Front-end Load ¹ Issue Price Redemption Interim Gains Management Running costs / plus Minimum Class Sec. Code up to Price Fee TER performance- Invest- related fee ment Amount

CHF FCH CHF LU0813328357 DWS 1G4 Accumulation 0.00% 109.18 109.18 0.600% 0.78% (1) -- 2,000,000 CHF LCH CHF LU0813327896 DWS 1G2 Accumulation 3.00% 107.62 104.39 1.100% 1.28% (1) -- -- FCH EUR LU0632808951 DWS 08F Accumulation 0.00% 120.72 120.72 0.600% 0.77% (1) -- 2,000,000 FDH EUR LU0740831374 DWS 1BG Distribution 0.00% 88.25 88.25 0.600% 0.78% (1) -- 2,000,000 LCH EUR LU0632805262 DWS 08E Accumulation 3.00% 118.28 114.73 1.100% 1.28% (1) -- -- LDH EUR LU0740830996 DWS 1BF Distribution 3.00% 90.04 87.33 1.100% 1.28% (1) -- -- NC EUR LU0616855887 DWS 06J Accumulation 1.50% 132.85 130.86 1.400% 1.57% (1) -- -- NCH EUR LU0740831614 DWS 1BH Accumulation 1.50% 112.10 110.42 1.400% 1.68% (1) -- -- NDH EUR LU0740832000 DWS 1BJ Distribution 1.50% 81.63 80.40 1.400% 1.68% (1) -- -- NDQH EUR LU1054325771 DWS 1N4 Distribution 1.50% 93.89 92.48 1.400% 1.67% (1) -- -- RMB FC CNY LU0813328860 DWS 1G7 Accumulation 0.00% 131.14 131.14 0.600% 0.68% (1) -- 2,000,000 RMB FCH CNY LU2093591621 DWS 250 Accumulation 0.00% 106.66 106.66 0.600% 0.74% (2) -- 2,000,000 RMB LC CNY LU0813328787 DWS 1G6 Accumulation 3.00% 130.10 126.19 1.100% 1.24% (1) -- -- RMB LCH CNY LU2093593593 DWS 251 Accumulation 3.00% 109.03 105.76 1.100% 1.32% (2) -- -- SEK FCH SEK LU1322112480 DWS 2EW Accumulation 0.00% 1,038.16 1,038.16 0.600% 0.74% (1) -- 20,000,000 SEK LCH SEK LU1322112563 DWS 2EX Accumulation 3.00% 1,054.37 1,022.74 1.100% 1.29% (1) -- -- TFCH EUR LU1663839949 DWS 2PJ Accumulation 0.00% 97.92 97.92 0.600% 0.70% (1) -- -- USD FC USD LU0616856778 DWS 06N Accumulation 0.00% 137.69 137.69 0.600% 0.74% (1) -- 2,000,000 USD FCH (P) USD LU1322112647 DWS 2EY Accumulation 0.00% 102.17 102.17 0.600% 0.75% (1) -- 2,000,000 USD LC USD LU0616856422 DWS 06M Accumulation 3.00% 134.54 130.50 1.100% 1.24% (1) -- -- USD LDH (P) USD LU1322112720 DWS 2EZ Distribution 3.00% 85.87 83.29 1.100% 1.32% (1) -- -- USD LDMH (P) USD LU1322112993 DWS 2E0 Distribution 3.00% 79.42 77.04 1.100% 1.29% (1) -- -- USD TFC USD LU1663840103 DWS 2PL Accumulation 0.00% 106.33 106.33 0.600% 0.74% (1) -- -- (1) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 31/12/2020. They are subject to change from year to year. (2) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. The total expenses listed here represent an estimate since the Fund was launched on (RMB FCH:31/01/2020, RMB LCH:31/01/2020). Actual expenses will be calculated and published once the first financial year has ended. The annual report for each financial year will contain the expense details with their precise calculation. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

DWS Investment GmbH ¹ Based on the gross investment.

Page 3 / 4 125 Factsheet: DWS Invest China Bonds

Bond Funds - Emerging Markets/ High Yield Corporate Bonds

Opportunities In accordance with the investment policy.

Risks • The fund invests in the People's Republic of China. Investments in the People's Republic of China are associated with risks resulting from the special legal, political and economic environment. The future political direction of the Chinese government is uncertain, there is the risk of negative performance due to government interventions and restrictions. • The fund invests in bonds, the value of which depends on whether the issuer is able to afford its payments. The deterioration of credit quality (ability and willingness to repay) may have an adverse affect on the value of the bond. • Due to its composition/the techniques used by the Fund management, the investment fund has significantly elevated volatility, i.e. the share price may be subject to significant fluctuations up or down within short periods of time. The share value may fall below the purchase price at which the customer acquired the share at any time.

Important note on the investor profile:

Page 4 / 4 126 Marketing Material Factsheet: DWS Invest Emerging Markets Corporates Bond Funds - Emerging Markets/ High Yield Corporate Bonds

August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance - Share Class LCH(EUR) (in %) Global Emerging Markets Corporate Bond Fund. The fund invests in Emerging Markets corporate bonds. Investments will be made in investment grade bonds as well as in high yield bonds. The fund mainly invests in USD denominated bonds.

Fund *Benchmark: JPM CEMBI Broad Diversified (hedged in EUR) - 24.11.16 Fund Management's Comment Calculation of performance is based on the time-weighted return and excludes front-end fees. Individual costs such as fees, commissions and other charges have not been included in this presentation and would have an adverse impact on returns if they were included. Past performance is not a reliable indicator of future returns. JPM CEMBI Broad Diversified returned 0.71% with Investment Grade (IG) and High Yield (HY) returns of 0.45% and 1.02%. The index’ and its IG and HY segments’ credit Cumulative performance (in %) - share class LCH(EUR) spreads tightened by 14, 10 and 19 bps. 1 m 1 y 3 y 5 y s. Inception YTD 3 y avg 5 y avg 2017 2018 2019 2020 August delivered a substantial spread tightening and total return appreciation as concerns on a near-term withdrawal of EUR 0.9 5.6 15.2 10.1 48.3 1.3 4.8 1.9 6.8 -9.9 9.3 4.9 monetary stimulus in the US subsided. While BM IN EUR 0.6 5.2 17.7 17.1 -- 1.7 5.6 3.2 6.0 -4.4 9.8 5.5 advancing vaccinations and abating activity restrictions broadly kept the economic recovery on track, reaccelerating ‘Delta’ infections started to put a dent on forward- looking activity indicators. Primary supply once more halved from July due to summer seasonality, while demand in sporadic new Further Characteristics (3 years) / VAR (1 year) - share class LCH(EUR) issues and the secondary market stayed Volatility 10.85% Maximum Drawdown -14.92% VAR (99%/10 days) 1.18% robust and fund flows stable. Chinese real estate and non-bank financial issuers Sharpe Ratio 0.49 Information Ratio -0.28 Correlation Coefficient 0.99 recovered strongly following the release of Alpha -2.06% Beta 1.25 Tracking Error 2.58% semi-annual results. Credits from Peru and Argentina also rebounded due to subsiding political risks and recovering commodity prices, as exporters from Brazil and Mexico Portfolio Analysis benefitted from the advancing US Portfolio Breakdown (in % of fund volume) infrastructure bill. The fund’s strategy stays anchored on our constructive market view Emerging markets corporates 94.8 and balanced duration positioning. Its monthly Emerging markets sovereigns 1.8 net return was 1.04%.

Morningstar Style-Box™ Credit Quality High

Medium Gross weighting, not adjusted for derivative positions.

Low Breakdown by Rating (in % of bond holdings) Asset Allocation (in % of fund volume) AA 4.7 Bonds 96.6 Low High A 11.7 Cash and other assets 3.4 Medium BBB 34.8 Interest Rate Sensitivity BB 22.6 B 13.3 Morningstar Category™ CCC 3.9 Global Emerging Markets Corporate Bond Not Rated 9.1 - EUR Biased

Ratings (As at: 30/07/2021) Morningstar Overall Rating™: «««

Lipper Leaders: The presentation of the structure of the bond credit ratings is based on both internal and external ratings.

Note: The key terms are explained in the glossary. Page 1 / 4 127 Marketing Material Factsheet: DWS Invest Emerging Markets Corporates Bond Funds - Emerging Markets/ High Yield Corporate Bonds

August 2021 As at 31/08/2021

Portfolio Analysis Breakdown by Currency (in % of fund volume) Principal Holdings (Bonds) (in % of fund volume)

United States dollar 100.0 Gaz Finance 21/27.01.29 Reg S LPN 1.3 Singapore Airlines 21/20.07.26 MTN 1.2 Thaioil Treasury Center 18/23.01.43 MTN 1.2 Global Bank 19/16.04.29 Reg S 1.2 United Overseas Bank 19/15.04.29 MTN 1.2 Genel Energy Finance 4 20/14.10.25 1.2 Samba Funding 20/29.01.27 MTN 1.1 Resorts World Las Vegas 19/16.04.29 Reg S 1.1 DBS Group Holdings 20/Und. MTN 1.1 Fairfax India Holdings 21/26.02.28 144a 1.1 Total 11.7

Incl. forward exchange transactions, negative and positive figures reflect expected Gross weighting, not adjusted for derivative positions. currency developments.

Breakdown by Country (Bonds) (in % of fund volume)

United Arab Emirates 5.7 Mexico 5.4 India 4.9 Brazil 4.9 Colombia 4.5 Saudi Arabia 3.8 Korea 3.8 Turkey 3.8 Hongkong SAR 3.7 Russia 3.5 Other Countries 52.4 Gross weighting, not adjusted for derivative positions.

Key Figures regarding the Fund's Assets Yield (in %) 3.9 Current Interest Rate (in %) 4.4 Duration (in years) 4.9 Modified Duration 4.7 Maturity (in years) 10.1 Number of Bonds 117 Average Rating BBB

Cumulative performance (in %) 1 m 1 y 3 y 5 y s. YTD 3 y avg 5 y avg 2017 2018 2019 2020 Inception

CHF FCH(CHF) 1.0 6.0 15.8 10.8 23.1 1.5 5.0 2.1 6.9 -9.9 9.4 5.0 FCH(EUR) 1.0 6.4 16.9 12.9 57.2 1.7 5.3 2.5 7.4 -9.5 9.9 5.3 LCH(EUR) 0.9 5.6 15.2 10.1 48.3 1.3 4.8 1.9 6.8 -9.9 9.3 4.9 LDH(EUR) 0.9 5.6 15.1 9.9 48.4 1.3 4.8 1.9 6.8 -10.0 9.3 4.7 NCH(EUR) 0.9 5.2 13.8 7.9 42.2 1.0 4.4 1.5 6.4 -10.2 8.9 4.3 ND(EUR) 1.5 7.1 19.0 13.0 34.4 5.6 6.0 2.5 -4.4 -3.4 14.5 -3.3 NDH(EUR) 0.9 5.2 13.6 7.6 41.7 1.0 4.3 1.5 6.3 -10.3 8.8 4.3 NDQH(EUR) 0.9 5.3 14.0 -- 4.6 1.0 4.5 -- -- -10.3 8.9 4.6 SEK LCH(SEK) 1.0 6.0 16.0 10.6 22.7 1.6 5.1 2.0 6.7 -10.1 9.5 5.2 SGD LDMH(SGD) 1.0 6.6 20.9 19.5 41.7 1.9 6.5 3.6 8.6 -8.2 11.8 6.2 TFCH(EUR) 1.0 6.1 17.1 -- 6.5 1.7 5.4 -- -- -9.5 10.2 5.1 TFDH(EUR) 1.0 6.2 17.2 -- 6.7 1.6 5.4 -- -- -9.5 10.0 5.4 USD FC(USD) 1.0 7.2 24.5 25.9 91.0 2.2 7.6 4.7 9.7 -6.9 13.2 7.2 USD LC(USD) 1.0 6.6 22.5 22.6 76.6 1.8 7.0 4.2 9.2 -7.4 12.6 6.6 USD LD(USD) 1.0 6.6 22.5 22.6 76.8 1.8 7.0 4.2 9.1 -7.4 12.6 6.6 USD LDM(USD) 1.0 6.6 22.7 22.8 44.4 1.8 7.1 4.2 9.2 -7.4 12.6 6.8 USD RC(USD) 1.1 7.8 26.6 -- 22.5 2.6 8.2 -- -- -6.4 13.8 7.8 USD TFC(USD) 1.1 7.2 24.6 -- 15.7 2.2 7.6 -- -- -7.0 13.2 7.2 USD TFD(USD) 1.0 7.2 24.5 -- 15.7 2.2 7.6 -- -- -6.9 13.2 7.2

Page 2 / 4 128 Marketing Material Factsheet: DWS Invest Emerging Markets Corporates Bond Funds - Emerging Markets/ High Yield Corporate Bonds

August 2021 As at 31/08/2021

Fund Data Portfolio Manager Tobias Braun Assets 138.4 Mio. USD Portfolio Manager since 02/05/2019 Fund Currency USD Portfolio Management Company DWS Investment GmbH Launch Date 20/11/2006 Portfolio Management Location Germany Fiscal Year End 31/12/2021 Management Company DWS Investment S.A. Investor profile Risk-tolerant Legal Structure SICAV Custodian State Street Bank GmbH, Lux. Share Classes Share Cur. ISIN Code German Earnings Front-end Load ¹ Issue Price Redemption Interim Gains Management Running costs / plus Minimum Class Sec. Code up to Price Fee TER performance- Invest- related fee ment Amount

CHF FCH CHF LU0616861778 DWS 069 Accumulation 0.00% 123.14 123.14 0.600% 0.77% (1) -- 2,000,000 FCH EUR LU0507270097 DWS 00C Accumulation 0.00% 157.15 157.15 0.600% 0.77% (1) -- 2,000,000 LCH EUR LU0436052673 DWS 0XU Accumulation 3.00% 152.85 148.26 1.100% 1.31% (1) -- -- LDH EUR LU0507269834 DWS 00B Distribution 3.00% 98.29 95.34 1.100% 1.34% (1) -- -- NCH EUR LU0436053051 DWS 0XV Accumulation 1.50% 144.33 142.17 1.400% 1.74% (1) -- -- ND EUR LU1054326233 DWS 1PA Distribution 1.50% 107.17 105.57 1.400% 1.70% (1) -- -- NDH EUR LU0544572190 DWS 01Z Distribution 1.50% 96.22 94.77 1.400% 1.73% (1) -- -- NDQH EUR LU1054327041 DWS 1PK Distribution 1.50% 90.37 89.02 1.400% 1.74% (1) -- -- SEK LCH SEK LU1297621283 DWS 2DM Accumulation 3.00% 1,265.09 1,227.14 1.100% 1.34% (1) -- -- SGD LDMH SGD LU0911034782 DWS 1VX Distribution 3.00% 10.17 9.86 1.100% 1.33% (1) -- -- TFCH EUR LU1663850912 DWS 2PV Accumulation 0.00% 106.49 106.49 0.600% 0.75% (1) -- -- TFDH EUR LU1663853429 DWS 2PW Distribution 0.00% 91.11 91.11 0.600% 0.75% (1) -- -- USD FC USD LU0273179951 DWS 0CW Accumulation 0.00% 190.97 190.97 0.600% 0.73% (1) -- 2,000,000 USD LC USD LU0273170737 DWS 0CV Accumulation 3.00% 182.06 176.60 1.100% 1.29% (1) -- -- USD LD USD LU0273170653 DWS 0CU Distribution 3.00% 100.17 97.16 1.100% 1.29% (1) -- -- USD LDM USD LU0544572273 DWS 010 Distribution 3.00% 107.05 103.84 1.100% 1.18% (1) -- -- USD RC USD LU1616932510 DWS 2NU Accumulation 0.00% 122.50 122.50 0.150% 0.18% (1) -- 50,000,000 USD TFC USD LU1663855044 DWS 2PX Accumulation 0.00% 115.72 115.72 0.600% 0.72% (1) -- -- USD TFD USD LU1663857685 DWS 2PY Distribution 0.00% 98.99 98.99 0.600% 0.74% (1) -- -- (1) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 31/12/2020. They are subject to change from year to year. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

DWS Investment GmbH ¹ Based on the gross investment.

Page 3 / 4 129 Factsheet: DWS Invest Emerging Markets Corporates

Bond Funds - Corporate Bonds

Opportunities In accordance with the investment policy.

Risks • The fund uses derivatives on underlyings so as to participate in their increases in value or to bet on their losses in value. The increased opportunities associated with this are accompanied by increased risk of loss. Furthermore, derivative transactions may be used to hedge the fund’s assets. The use of derivative transactions for hedging purposes may reduce the fund’s upside opportunities. • The fund invests in emerging markets. Investing in assets from the emerging markets generally entails a greater risk (potentially including considerable legal, economic and political risks) than investing in assets from the markets of established countries. • The fund invests in bonds, the value of which depends on whether the issuer is able to afford its payments. The deterioration of credit quality (ability and willingness to repay) may have an adverse affect on the value of the bond. • Due to its composition/the techniques used by the Fund management, the investment fund has significantly elevated volatility, i.e. the share price may be subject to significant fluctuations up or down within short periods of time. The share value may fall below the purchase price at which the customer acquired the share at any time.

Important note on the investor profile:

Page 4 / 4 130 Bond Funds

Corporate Bonds Marketing Material Factsheet: DWS Invest Euro Corporate Bonds

Bond Funds - Corporate Bonds

August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance - Share Class LC(EUR) (in %) DWS Invest Euro Corporate Bonds is mainly invested in corporate bonds that possess a high or even top credit rating (moderate risk/return profile). The major part of the portfolio is invested in "investment grade" bonds.

Fund Benchmark (since 01/09/2009): iBoxx € Corporate ab 1.9.09 Calculation of performance is based on the time-weighted return and excludes front-end fees. Individual costs such as fees, commissions and Fund Management's Comment other charges have not been included in this presentation and would have an adverse impact on returns if they were included. Past performance is not a reliable indicator of future returns. The Q2 reporting season have concluded: Most companies managed to exceed market participants’ lofty expectations. The record profit growth proves that the economy is Cumulative performance (in %) - share class LC(EUR) recovering strongly from the COVID-19 1 m 1 y 3 y 5 y s. Inception YTD 3 y avg 5 y avg 2017 2018 2019 2020 downturn. The healthy economic activity makes it more difficult for central banks to justify extraordinary policy measures. Thus, EUR -0.3 3.3 9.6 10.3 73.7 0.3 3.1 2.0 3.0 -2.2 7.3 3.4 the US Federal Reserve yearly symposium in BM IN EUR -0.4 2.6 8.5 9.1 71.4 0.3 2.8 1.8 2.4 -1.3 6.3 2.7 Jackson Hole was eagerly awaited. In spite of expectations of hawkish comments regarding an upcoming reduction of support, the FED’s statement was well balanced and managed to calm market participants’ fears of an abrupt end to the current accommodative policies. On the other hand, inflation data released in Further Characteristics (3 years) / VAR (1 year) - share class LC(EUR) the Euro Area was the highest in a decade, Volatility 6.24% Maximum Drawdown -8.62% VAR (99%/10 days) 0.77% thereby fuelling expectations of a tapering of the emergency support by the ECB. Aside Sharpe Ratio 0.59 Information Ratio 0.32 Correlation Coefficient 1.00 from some volatility from the macro indicators, Alpha -0.11% Beta 1.16 Tracking Error 1.04% the EUR corporate market was very quiet as usual in August with the majority of market participants out on holidays and thus new issue activity came to a virtual Standstill. Portfolio Analysis The fund got through the challenging market Portfolio Breakdown (in % of fund volume) environment losing 34bp but remaining ahead of 5bp ahead of out benchmark. Corporate Bonds 49.4 Financial bonds 25.0 Emerging markets corporates 2.9 Emerging markets sovereigns 0.3 Other Securities 18.8

Gross weighting, not adjusted for derivative positions.

Breakdown by Rating (in % of bond holdings) Asset Allocation (in % of fund volume)

AA 1.5 Bonds 92.6 A 20.5 Investment funds 4.0 BBB 67.5 Cash and other assets 3.4 BB 7.4 Future Long 7.1 B 2.4 Future Short -7.1 Morningstar Category™ Not Rated 0.6 EUR Corporate Bond

Ratings (As at: 30/07/2021) Morningstar Overall Rating™: «««««

Lipper Leaders: The presentation of the structure of the bond credit ratings is based on both internal and external ratings.

Note: The key terms are explained in the glossary. Page 1 / 4 132 Marketing Material Factsheet: DWS Invest Euro Corporate Bonds

Bond Funds - Corporate Bonds

August 2021 As at 31/08/2021

Portfolio Analysis Breakdown by Currency (in % of fund volume) Largest Issuer (in % of fund volume)

Euro 100.0 Volkswagen Financial Services AG 2.2 BNP Paribas S.A., Paris 2.1 Caixabank S.A. 1.5 Volkswagen International Finance N.V. 1.3 Société Générale S.A. 1.3 Deutsche Bank AG, Frankfurt am Main 1.2 The Goldman Sachs Group Inc. 1.2 Verizon Communications Inc. 1.1 AT & T Inc. 1.1 Bayer AG 1.1 Total 14.1

Incl. forward exchange transactions, negative and positive figures reflect expected Gross weighting, not adjusted for derivative positions. currency developments.

Breakdown by Country (Bonds) (in % of fund volume)

USA 19.4 Germany 11.9 France 10.4 Netherlands 7.7 Luxembourg 7.1 Great Britain 6.1 Spain 5.6 Sweden 4.7 Italy 4.4 Switzerland 2.2 Other Countries 17.0 Gross weighting, not adjusted for derivative positions.

Key Figures regarding the Fund's Assets Yield (in %) 1.4 Current Interest Rate (in %) 1.6 Duration (in years) 7.3 Modified Duration 7.2 Maturity (in years) 15.6 Number of Bonds 359 Average Rating BBB

Cumulative performance (in %) 1 m 1 y 3 y 5 y s. YTD 3 y avg 5 y avg 2017 2018 2019 2020 Inception

CHF FCH(CHF) -0.3 3.3 9.2 -- 10.6 0.3 3.0 -- 2.7 -2.4 7.2 3.3 FC(EUR) -0.3 3.6 10.6 12.0 81.7 0.5 3.4 2.3 3.3 -1.9 7.6 3.7 FC10(EUR) -0.3 3.8 11.3 -- 11.3 0.6 3.6 ------7.9 3.9 GBP CH RD(GBP) -0.2 4.2 13.3 16.6 24.4 0.9 4.2 3.1 4.1 -0.9 9.0 4.0 IC(EUR) -0.3 3.8 11.3 13.3 24.0 0.6 3.6 2.5 3.6 -1.6 7.9 3.9 IC100(EUR) -0.3 4.0 12.0 -- 14.1 0.7 3.8 -- 3.3 -1.4 8.1 4.1 ID100(EUR) -0.3 4.0 12.0 -- 13.6 0.7 3.8 -- -- -1.5 8.1 4.1 LD(EUR) -0.3 3.3 9.6 10.3 61.5 0.3 3.1 2.0 3.0 -2.2 7.3 3.4 NC(EUR) -0.4 2.8 8.3 8.1 64.4 0.0 2.7 1.6 2.6 -2.6 6.9 2.9 NDQ(EUR) -0.4 2.9 8.3 -- 8.9 0.0 2.7 -- -- -2.6 6.9 2.9 SEK LCH(SEK) -0.3 3.6 10.3 10.6 16.7 0.5 3.3 2.0 2.8 -2.3 7.6 3.6 TFC(EUR) -0.3 3.6 10.6 -- 9.5 0.5 3.4 -- -- -1.8 7.6 3.7 TFD(EUR) -0.3 3.6 10.7 -- 9.6 0.5 3.5 -- -- -1.9 7.8 3.7 USD FCH(USD) -0.3 4.4 17.2 -- 24.6 0.9 5.4 -- 5.3 0.6 10.8 5.3

Page 2 / 4 133 Marketing Material Factsheet: DWS Invest Euro Corporate Bonds

Bond Funds - Corporate Bonds

August 2021 As at 31/08/2021

Fund Data Portfolio Manager Karsten Rosenkilde Assets 2,495.9 Mio. EUR Portfolio Manager since 15/06/2009 Fund Currency EUR Portfolio Management Company DWS Investment GmbH Launch Date 21/05/2007 Portfolio Management Location Germany Fiscal Year End 31/12/2021 Management Company DWS Investment S.A. Investor profile Growth-oriented Legal Structure SICAV Custodian State Street Bank GmbH, Lux. Share Classes Share Cur. ISIN Code German Earnings Front-end Load ¹ Issue Price Redemption Interim Gains Management Running costs / plus Minimum Class Sec. Code up to Price Fee TER performance- Invest- related fee ment Amount

CHF FCH CHF LU0813333605 DWS 1H0 Accumulation 0.00% 110.56 110.56 0.600% 0.68% (1) -- 2,000,000 FC EUR LU0300357802 DWS 0M6 Accumulation 0.00% 181.69 181.69 0.600% 0.65% (1) -- 2,000,000 FC10 EUR LU1844096583 DWS 2WZ Accumulation 0.00% 111.32 111.32 0.400% 0.45% (1) -- 10,000,000 GBP CH RD GBP LU1322113371 DWS 2EF Accumulation 0.00% 124.37 124.37 0.600% 0.67% (1) -- -- IC EUR LU0982748476 DWS 103 Accumulation 0.00% 124.04 124.04 0.400% 0.42% (1) -- 10,000,000 IC100 EUR LU1490674006 DWS 13H Accumulation 0.00% 114.09 114.09 0.200% 0.22% (1) -- 100,000,000 ID100 EUR LU1633890295 DWS 2N5 Distribution 0.00% 107.82 107.82 0.200% 0.22% (1) -- 100,000,000 LD EUR LU0441433728 DWS 0X4 Distribution 3.00% 135.11 131.06 0.900% 0.95% (1) -- -- NC EUR LU0300357638 DWS 0M4 Accumulation 1.50% 166.88 164.38 1.200% 1.35% (1) -- -- NDQ EUR LU1054330771 DWS 1QW Distribution 1.50% 102.39 100.86 1.200% 1.36% (1) -- -- SEK LCH SEK LU1322113611 DWS 2EH Accumulation 3.00% 1,202.81 1,166.73 0.900% 0.95% (1) -- -- TFC EUR LU1663872726 DWS 2P7 Accumulation 0.00% 109.51 109.51 0.600% 0.65% (1) -- -- TFD EUR LU1663874342 DWS 2P8 Distribution 0.00% 105.38 105.38 0.600% 0.66% (1) -- -- USD FCH USD LU0911036217 DWS 1WB Accumulation 0.00% 124.56 124.56 0.600% 0.66% (1) -- 2,000,000 (1) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 31/12/2020. They are subject to change from year to year. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

DWS Investment GmbH ¹ Based on the gross investment.

Page 3 / 4 134 Factsheet: DWS Invest Euro Corporate Bonds

Bond Funds - Short-term EUR

Opportunities In accordance with the investment policy.

Important note on the investor profile:

Page 4 / 4 135 Bond Funds

Short-term EUR Marketing Material Factsheet: DWS Floating Rate Notes

Bond Funds - Short-term EUR

August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance - Share Class LC (in %) The investment objective is to achieve conservative fixed income performance in Euros regardless of interest-rate and currency fluctuations. To this end, the Fund invests primarily in floating-rate bonds, short-term bonds, and time deposits. Maturities are actively managed in the shorter segment.

Fund Calculation of performance is based on the time-weighted return and excludes front-end fees. Individual costs such as fees, commissions and Fund Management's Comment other charges have not been included in this presentation and would have an adverse impact on returns if they were included. Past performance is not a reliable indicator of future returns. August proved to be a rather quiet month for financial markets. No official monetary policy meetings were held by the two major central banks, the ECB and the US Fed. Only the Cumulative performance (in %) - share class LC minutes of the July meetings were published. 1 m 1 y 3 y 5 y s. Inception YTD 3 y avg 5 y avg 2017 2018 2019 2020 The minutes of the ECB meeting did not contain any significant new information, whereas the Fed minutes further fueled the EUR 0.0 0.2 -0.4 -0.5 101.4 0.0 -0.1 -0.1 0.3 -1.4 0.9 -0.3 discussion about the end of ultra-loose monetary policy in the US and drew market participants’ attention to Fed President Powell’s speech at the central bank symposium in Jackson Hole toward the end of the month. Accordingly, the Federal Reserve could begin to tighten the prevailing loose monetary policy this year, without having to Further Characteristics (3 years) / VAR (1 year) - share class LC raise interest rates at the same time. It Volatility 2.41% Maximum Drawdown -3.71% VAR (99%/10 days) 0.07% remains to be seen how the risk factor of the spread of the delta variant develops. Against Sharpe Ratio 0.20 Information Ratio -- Correlation Coefficient -- this backdrop, the 3m Euribor interest rate Alpha -- Beta -- Tracking Error -- was virtually unchanged and stood at - 0.548% at the end of the month. The credit premiums of the bonds in the Fund also tended to be broadly positive over the course Portfolio Analysis of the month. Breakdown by Currency (in % of fund volume) Asset Allocation (in % of fund volume)

Euro 100.0 Bonds 81.8 Money market funds 2.7 Investment funds 0.4 Cash and other assets 15.1

Incl. forward exchange transactions, negative and positive figures reflect expected currency developments.

Breakdown by Rating (in % of bond holdings)

AAA 7.2 AA 18.2 A 43.4 BBB 27.1 BB 3.6 Morningstar Category™ B 0.5 EUR Ultra Short-Term Bond

Ratings (As at: 30/07/2021) Morningstar Overall Rating™: «««

Lipper Leaders: The presentation of the structure of the bond credit ratings is based on both internal and external ratings.

Note: The key terms are explained in the glossary. Page 1 / 3 137 Marketing Material Factsheet: DWS Floating Rate Notes

Bond Funds - Short-term EUR

August 2021 As at 31/08/2021

Portfolio Analysis Key Figures regarding the Fund's Assets Yield (in %) 0.0 Current Interest Rate (in %) 0.4 Duration (in months) 3.0 Modified Duration 0.2 Maturity (in months) 24.7 Number of Bonds 333 Average Rating A

Cumulative performance (in %) 1 m 1 y 3 y 5 y s. YTD 3 y avg 5 y avg 2017 2018 2019 2020 Inception

FC 0.0 0.3 -0.2 -- -0.2 0.0 -0.1 -- 0.4 -1.3 0.9 -0.2 FD 0.0 0.3 -0.2 -- -0.5 0.0 -0.1 -- -- -1.3 0.9 -0.2 IC 0.0 0.3 0.0 -- 0.0 0.1 0.0 -- 0.4 -1.3 1.0 -0.2 LC 0.0 0.2 -0.4 -0.5 101.4 0.0 -0.1 -0.1 0.3 -1.4 0.9 -0.3 LD 0.0 0.2 -0.4 -0.4 -0.1 0.0 -0.1 -0.1 0.3 -1.4 0.9 -0.3 TFC 0.0 0.3 -0.2 -- -0.6 0.0 -0.1 ------0.9 -0.2 TFD 0.0 0.3 -0.2 -- -0.6 0.0 -0.1 ------0.9 -0.2 Fund Data Portfolio Manager Christian Reiter Assets 5,513.6 Mio. EUR Portfolio Manager since 15/03/2005 Fund Currency EUR Portfolio Management Company DWS Investment GmbH Launch Date 15/07/1991 Portfolio Management Location Germany Fiscal Year End 31/12/2021 Management Company DWS Investment S.A. Investor profile Risk-averse Legal Structure FCP Custodian State Street Bank GmbH, Lux. Share Classes Share Cur. ISIN Code German Earnings Front-end Load Issue Price Redemption Interim Gains All-in-Fee Running costs / plus Minimum Class Sec. Code Price TER performance- Invest- related fee ment Amount

FC EUR LU1534068801 DWS 2MG Accumulation 0.00% 84.06 84.06 0.120% 0.16% (1) -- 2,000,000 FD EUR LU1644422419 DWS 2N8 Distribution 0.00% 81.98 81.98 0.120% 0.16% (1) -- 2,000,000 IC EUR LU1534073041 DWS 2MH Accumulation 0.00% 84.22 84.22 0.100% 0.11% (1) -- 10,000,000 LC EUR LU0034353002 971 730 Accumulation 1.00% 84.58 83.74 0.200% 0.24% (1) -- -- LD EUR LU1122765560 DWS 185 Distribution 1.00% 82.27 81.45 0.200% 0.24% (1) -- -- TFC EUR LU1673806201 DWS 2SR Accumulation 0.00% 99.43 99.43 0.120% 0.17% (1) -- -- TFD EUR LU1673810575 DWS 2SS Distribution 0.00% 97.62 97.62 0.120% 0.17% (1) -- -- (1) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 31/12/2020. They are subject to change from year to year. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

Internet: www.dws.com E-Mail: [email protected]

Page 2 / 3 138 Factsheet: DWS Floating Rate Notes

Money Market - Money Market Fund

Opportunities In accordance with the investment policy.

Important note on the investor profile:

Investor profile: Risk-averse The sub-fund is designed for the conservative investor with a low risk appetite, whose investment objective is steady performance but a low return on investment. Short- and long-term fluctuations in the unit value as well as the loss of the invested capital, up to the total amount invested, are possible. The investor is willing and able to bear a financial loss, and does not prioritize capital preservation.

Page 3 / 3 139 Money Market

Money Market Fund Marketing Material Factsheet: DWS Institutional ESG Euro Money Market Fund Money Market - Money Market Fund

August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance - Share Class IC (in %) The DWS Institutional ESG Euro Money Market Fund, designed for corporate clients and institutional investors, invests primarily in fixed and floating rate EUR securities with a short interest duration. The Fund is a standard VNAV money market fund according to the ESMA standards and offers a one-day value determination (value date). The fund follows an ESG best-in-class approach and invests primarily in securities that focus on environmental, social and corporate governance aspects. Minimum investment: EUR 500,000.

Fitch Fund Rating: AAf / S1 Fund Benchmark: 1M EUR LIBID - 7.10.2019 Calculation of performance is based on the time-weighted return and excludes front-end fees. Individual costs such as fees, commissions and Fund Management's Comment other charges have not been included in this presentation and would have an adverse impact on returns if they were included. Past performance is not a reliable indicator of future returns. Earlier than market participants expected, the European Central Bank (ECB) announced the results of the strategy review, i.e., its new monetary policy strategy framework, on July Cumulative performance (in %) - share class IC 8. 1 m 1 y 3 y 5 y s. Inception YTD 3 y avg 5 y avg 2017 2018 2019 2020 Since 2003, the ECB has seen price stability with inflation at just below 2%. As of now, the target inflation rate (Harmonized Index of EUR 0.0 -0.6 -1.3 -1.9 37.8 -0.4 -0.5 -0.4 -0.2 -0.5 -0.3 -0.5 Consumer Prices) for price stability is exactly BM IN EUR -0.1 -0.7 -1.8 -2.7 35.6 -0.5 -0.6 -0.6 -0.5 -0.5 -0.5 -0.6 2%. However, the ECB approaches this target symmetrically, i.e., in the short term it accepts both an undershooting and an overshooting of this target value. In the future, the ECB would also like to include the cost of owner-occupied housing in the calculation of inflation. However, it will take some time before Eurostat, as the calculating authority, can include this in its calculations. This should also result in only minor changes to the current inflation rate. Finally, the ECB also wants to incorporate climate change more into its policies. To this end, it is considering introducing rules on the eligibility of bonds it purchases or accepts as Portfolio Analysis collateral for open market operations. Portfolio Breakdown (in % of fund volume) Bonds with a fixed interest rate 59.3 Bonds with a variable interest rate 18.6 Commercial paper 0.7 Cash and other Assets 21.4

Gross weighting, not adjusted for derivative positions.

Breakdown by Rating (in % of bond holdings) Asset Allocation (in % of fund volume)

AAA 23.5 Bonds 78.6 AA 22.3 Cash and other assets 21.4 A 51.8 BBB 2.4

Morningstar Category™ EUR Ultra Short-Term Bond

Ratings (As at: 30/07/2021)

Lipper Leaders: The presentation of the structure of the bond credit ratings is based on both internal and external ratings.

Note: The key terms are explained in the glossary. Page 1 / 3 141 Marketing Material Factsheet: DWS Institutional ESG Euro Money Market Fund Money Market - Money Market Fund

August 2021 As at 31/08/2021

Portfolio Analysis Key Figures regarding the Fund's Assets Yield (in %) -0.5 Current Interest Rate (in %) 0.7 Duration (in months) 3.2 Modified Duration 0.2 Maturity (in months) 3.8 Number of Bonds 152 Average Rating AA

Cumulative performance (in %) 1 m 1 y 3 y 5 y s. YTD 3 y avg 5 y avg 2017 2018 2019 2020 Inception

IC 0.0 -0.6 -1.3 -1.9 37.8 -0.4 -0.5 -0.4 -0.2 -0.5 -0.3 -0.5 IC100 0.0 -0.5 -- -- -0.8 -0.4 ------IC500 0.0 -0.5 -- -- -0.8 -0.4 ------ID 0.0 -0.6 -1.3 -1.9 -1.7 -0.4 -0.5 -0.4 -0.2 -0.5 -0.3 -0.5 Fund Data Portfolio Manager Torsten Haas Assets 3,784.6 Mio. EUR Portfolio Manager since 01/01/2013 Fund Currency EUR Portfolio Management Company DWS Investment GmbH Launch Date 25/06/1999 Portfolio Management Location Germany Fiscal Year End 31/12/2021 Management Company DWS Investment S.A. Investor profile Risk-averse Legal Structure SICAV Custodian State Street Bank GmbH, Lux. Share Classes Share Cur. ISIN Code German Earnings Front-end Load Issue Price Redemption Interim Gains All-in-Fee Running costs / plus Minimum Class Sec. Code Price TER performance- Invest- related fee ment Amount

IC EUR LU0099730524 986 813 Accumulation 1.00% 13,915.91 13,778.12 0.100% 0.11% (1) -- 500,000 IC100 EUR LU2098886703 DWS 256 Accumulation 0.00% 13,786.96 13,786.96 0.060% 0.07% (2) -- 100,000,000 IC500 EUR LU2098886885 DWS 257 Accumulation 0.00% 13,788.81 13,788.81 0.050% 0.06% (2) -- 500,000,000 ID EUR LU0787086031 DWS 1EX Distribution 1.00% 13,663.33 13,528.04 0.100% 0.11% (1) -- 500,000 (1) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 31/12/2020. They are subject to change from year to year. (2) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. The total expenses listed here represent an estimate since the Fund was launched on (IC100:07/02/2020, IC500:07/02/2020). Actual expenses will be calculated and published once the first financial year has ended. The annual report for each financial year will contain the expense details with their precise calculation. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

Internet: www.dws.com E-Mail: [email protected]

Page 2 / 3 142 Factsheet: DWS Institutional ESG Euro Money Market Fund Balanced Funds - Flexible

Opportunities In accordance with the investment policy.

Important note on the investor profile:

Page 3 / 3 143 Balanced Funds

Flexible Marketing Material Factsheet: DWS Sachwerte

Balanced Funds - Flexible

August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance (in EUR) (in %) DWS Sachwerte is able to react flexibly to inflationary trends and the varying intensity of the inflation rate depending on the basic underlying scenario. On the basis of our analysis of the conditions, investments may be made in the following instruments: equities, real estate, commodities, precious metals and inflation-indexed bonds. All these are investment classes that can be considered material assets. Fund management weights the individual material assets in the portfolio on the basis of its evaluation of the inflation scenarios.

The positive development of global equities continued in August (MSCI World +2.5%). Stocks from North America (S&P 500: +3.0%), emerging markets (MSCI Emerging Cumulative performance (in %) Markets: +2.6%) and the Eurozone 1 m 1 y 3 y 5 y s. Inception YTD 3 y avg 5 y avg 2017 2018 2019 2020 (EuroStoxx 50: +2.6%) were particularly strong. The continued buoyant economic environment and positive corporate reports EUR 1.0 9.4 18.4 24.1 55.7 5.7 5.8 4.4 3.8 -6.8 13.3 5.4 supported the equity markets. Mainland Chinese equities (+0.6%) continued to lag behind developed countries due to regulatory tightening. Bond markets experienced higher volatility due to fears of rising inflation and an end to loose monetary policy. 10-year US government bonds closed at a yield of 1.30% after ups and downs. Yields on 10-year Further Characteristics (3 years) / VAR (1 year) German government bonds rose to -0.39%. Volatility 8.45% Beta -- VAR (99%/10 days) 3.93% The Euro remained unchanged against the US Dollar at USD 1.18, despite fluctuations during the month. The price of a barrel of oil rose by 0.1% on the previous month, while the price of gold stagnated at USD 1815. The Fund ended August with a gain of around 1%. Portfolio Analysis Asset class (gross) (in % of fund volume) Asset class (net) (in % of fund volume) Prev. month Current Prev. month Current Cash (incl. funds) (6.7) 7.0 Cash (incl. funds) (7.0) 7.3

Bonds (incl. funds) (23.7) 23.5 Bonds (incl. funds) (22.2) 22.0 Equities (incl. funds) (54.1) 54.1 Balanced fund (2.2) 2.2

Alternative investments (15.5) 15.4 Equities (incl. funds) (51.9) 51.9 Alternative investments (10.7) 10.5

Gross weighting, not adjusted for derivative positions. Net weighting, adjusted for derivative positions.

Breakdown by Currency (in % of fund volume) Largest Individual Holdings (in % of fund volume)

Euro 62.6 XTrackers ETC/Gold 28.02.79 8.8 United States dollar 23.6 Deutsche Managed Euro Fund Z-Class 6.0 Japanese yen 6.6 US Treasury 21/15.01.31 3.9 Danish krone 1.8 Italy B.T.P. 17/15.05.28 INFL 2.1 Canadian dollar 1.7 Xtrackers MSCI World Value UCITS ETF 1C 2.0 Morningstar Category™ Norwegian krone 1.5 US Treasury 12/15.07.22 INFL 2.0 EUR Flexible Allocation - Global Hong Kong dollar 0.8 Swedish krona 0.8 iShares II PLC-iShares $ Floa. Rate Bond UCITS 1.8 Australian dollar 0.5 Lyxor $ Floating Rate Note UCITS ETF Dist (INE) 1.6 Ratings (As at: 30/07/2021) South Korean won 0.4 Source Physical Markets/Gold 30.12.2100 ETC 1.5 Morningstar Overall Rating™: ««« Other Currencies -0.3 DWS ESG Convertibles FC 1.5 Total 31.2 Incl. forward exchange transactions, negative and positive Lipper Leaders: figures reflect expected currency developments. Gross weighting, not adjusted for derivative positions.

Note: The key terms are explained in the glossary. Page 1 / 4 145 Marketing Material Factsheet: DWS Sachwerte

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Portfolio Analysis Breakdown by Country (Equities) (in % of fund volume) Breakdown by Sector (Equities) (in % of fund volume) Portfolio Breakdown according to MSCI USA 16.0 Germany 6.6 Industrials 13.6 France 6.1 Real Estate 9.4 Great Britain 4.0 Utilities 7.6 Switzerland 3.7 Materials 5.4 Spain 3.6 Financials 4.6 Japan 2.5 Information Technology 3.2 Canada 2.0 Communication Services 2.8 Denmark 1.7 Consumer Discretionary 2.8 Italy 1.4 Consumer Staples 2.6 Netherlands 1.1 Energy 2.3 Other Countries 5.9 Not classified to MSCI 0.2 Gross weighting, not adjusted for derivative positions. Gross weighting, not adjusted for derivative positions.

Breakdown by Rating (in % of bond holdings)

AAA 53.3 A 1.7 BBB 41.3 BB 3.7

The presentation of the structure of the bond credit ratings is based on both internal and external ratings.

Key Figures regarding the Fund's Assets Yield (in %) -0.1 Duration (in years) 1.4 Modified Duration 1.4 Number of Bonds 25 Average Rating AA

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Fund Data Portfolio Manager Michael Ficht Front-end Load 5.00% Portfolio Manager since 01/08/2018 All-in-Fee 1.250%* Portfolio Management Company DWS Investment GmbH *plus performance-related fee 0.000% Portfolio Management Location Germany Running costs / TER (1) 1.480% Management Company DWS Investment GmbH Fee from securities lending 0.012% Legal Structure Fund Earnings Distribution Custodian State Street Bank International GmbH Accumulated returns -- Assets 294.3 Mio. EUR Redemption Price 137.23 EUR Fund Currency EUR Issue Price 144.10 EUR Launch Date 19/10/2009 Fiscal Year End 30/09/2021 Investor profile Growth-oriented ISIN Code DE000DWS0W32 German Sec. Code DWS 0W3 (1) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 30/09/2020. They are subject to change from year to year. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

Page 3 / 4 147 Factsheet: DWS Sachwerte

Balanced Funds - Convertible Bonds

Opportunities In accordance with the investment policy.

Risks • The fund invests in equities. Equities are subject to strong price fluctuations and thus also to the risk of price decreases. • The fund invests in bonds, the value of which depends on whether the issuer is able to afford its payments. The deterioration of credit quality (ability and willingness to repay) may have an adverse affect on the value of the bond. • Due to its composition/the techniques used by the Fund management, the investment fund has elevated volatility, i.e. the share price may be subject to significant fluctuations up or down within short periods of time. The share value may fall below the purchase price at which the customer acquired the share at any time.

Important note on the investor profile:

Page 4 / 4 148 Balanced Funds

Convertible Bonds Marketing Material Factsheet: DWS ESG Convertibles

Balanced Funds - Convertible Bonds

August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance - Share Class LD (in %) The Fund offers access to a diversified universe of global convertible bonds. Traditional convertible bonds are predominantly used for this purpose. The target investment horizon is 3-5 years. In order to achieve the most advantageous risk- adjusted return profile possible, the Fund invests primarily in convertible bonds in the medium delta range. Currency risks are systematically hedged. When selecting investments, environmental and social aspects and the principles of good corporate governance (ESG aspects) are taken into consideration alongside the financial performance. Fund Calculation of performance is based on the time-weighted return and excludes front-end fees. Individual costs such as fees, commissions and Fund Management's Comment other charges have not been included in this presentation and would have an adverse impact on returns if they were included. Past performance is not a reliable indicator of future returns. The convertible bond asset class was up in August, driven by rising equity prices. DWS ESG Convertibles (FC) rose by 1.17%, well ahead of the broad Refinitive Global focus Cumulative performance (in %) - share class LD convertible bond index, which gained 0.65%. 1 m 1 y 3 y 5 y s. Inception YTD 3 y avg 5 y avg 2017 2018 2019 2020 Since the beginning of the year, the Fund’s performance is 4.2%, compared to 1.8% for the index. EUR 1.1 11.1 23.5 23.8 579.0 4.0 7.3 4.4 1.7 -7.2 7.3 18.2 Once again, the information technology sector, which has the highest weighting in the Fund, was the main driver, particularly issuers from the US in particular. Over the year, the US region has been successively increased and is now represented in the Fund with a weighting of 38%. This was also helped by the improving Further Characteristics (3 years) / VAR (1 year) - share class LD ESG quality of US companies that have Volatility 8.13% Maximum Drawdown -8.26% VAR (99%/10 days) 2.82% expanded the investment universe for the ESG fund. Sharpe Ratio 0.94 Information Ratio -- Correlation Coefficient -- The equity delta increased slightly to 55, thus Alpha -- Beta -- Tracking Error -- remaining in the most balanced area where convexity is highest. The average credit rating is BB+/BBB- and cash holdings have been reduced to about 4%. DWS’s ESG Fund Portfolio Analysis Rating Method gives the Fund the highest Sectors delta weighted (in % of fundvolume) Principal holdings (in % of fundvolume) rating of “outstanding”. STM 0 08/04/25 3.3 Information Technology 20.9 CLNXSM 0 1/2 07/05/28 2.6 Health Care 8.8 CMWAU 2 1/2 03/29/25 2.0 Consumer Discretionary 6.1 ENL5 GR 12/15/22 C8 Equity 1.9 Communication Services 4.7 ON 0 05/01/27 1.7 Materials 4.2 QGEN 0 12/17/27 1.6 Industrials 3.0 UMIBB 0 06/23/25 1.6 Utilities 2.8 BAS GR 06/16/23 C68 Equity 1.6 Real estate 2.2 DXSAU 2.3 06/19/26 Corp 1.6 Financials 1.3 Consumer Staples 0.8 CHGG 0 09/01/26 1.5 Total 54.8 Total 19.4

Regions delta weighted (in % of fundvolume) Fund figures

EMEA 25.3 Holdings 121.00 US 25.2 Average maturity (in years) 4.10 Asia ex Japan 3.7 Current Yield (in %) 0.50 Japan 0.6 Fund average rating (*) BB+ Morningstar Category™ Total 54.8 Cash and equivalents (in %) 4.40 Non-rated and other securities (in %) 0.00 Convertible Bond - Other Equity sensitivity 54.80 Interest sensitivity -0.20 Ratings (As at: 30/07/2021) Ø Market Cap (€ bn) 37.90

Lipper Leaders:

Note: The key terms are explained in the glossary. Page 1 / 4 150 Marketing Material Factsheet: DWS ESG Convertibles

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Portfolio Analysis Breakdown by issuer rating (in % of fundvolume) Convertible bond profiles (in %)

AA 4.40 Balanced (delta 0,3 - 0,7) 55.10 A 6.50 Equity Like (delta 0,7 - 1) 23.30 BBB 33.30 Bond Like (delta 0 - 0,3) 17.20 BB 47.70 Other 4.40 B 8.00

Market capitalization (in %)

Large-cap 65.20 Mid-cap 22.80 Small-cap 7.60 Other 4.40

Cumulative performance (in %) 1 m 1 y 3 y 5 y s. YTD 3 y avg 5 y avg 2017 2018 2019 2020 Inception

FC 1.2 11.4 24.4 25.3 36.8 4.2 7.6 4.6 2.0 -7.0 7.6 18.5 LD 1.1 11.1 23.5 23.8 579.0 4.0 7.3 4.4 1.7 -7.2 7.3 18.2 TFC 1.2 11.4 24.5 -- 24.0 4.2 7.6 ------7.6 18.5 TFD 1.2 11.4 24.4 -- 23.9 4.2 7.6 ------7.6 18.5

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Fund Data Portfolio Manager Hans-Joachim Weber Assets 161.4 Mio. EUR Portfolio Manager since 01/11/2016 Fund Currency EUR Portfolio Management Company DWS Investment GmbH Launch Date 23/04/1991 Portfolio Management Location Germany Fiscal Year End 30/09/2021 Management Company DWS Investment GmbH Investor profile Growth-oriented Legal Structure Fund Custodian State Street Bank International GmbH Share Classes Share Cur. ISIN Code German Earnings Front-end Load Issue Price Redemption Interim Gains All-in-Fee Running costs / plus Minimum Class Sec. Code Price TER performance- Invest- related fee ment Amount

FC EUR DE000DWS1U74 DWS 1U7 Accumulation 0.00% 165.68 165.68 0.600% 0.60% (1) -- 2,000,000 LD EUR DE0008474263 847 426 Distribution 3.00% 162.50 157.76 0.850% 0.85% (1) -- -- TFC EUR DE000DWS2SB3 DWS 2SB Accumulation 0.00% 123.98 123.98 0.600% 0.58% (1) -- -- TFD EUR DE000DWS2SC1 DWS 2SC Distribution 0.00% 122.50 122.50 0.600% 0.60% (1) -- -- (1) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 30/09/2020. They are subject to change from year to year. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

Page 3 / 4 152 Factsheet: DWS ESG Convertibles

Balanced Funds - Convertible Bonds

Opportunities In accordance with the investment policy.

Risks • The fund invests in equities. Equities are subject to strong price fluctuations and thus also to the risk of price decreases. • The fund invests in convertible and warrant-linked bonds. Convertible and warrant-linked bonds embody the right to convert the bond into equities or to acquire equities. The performance of the value of the convertible and warrant-linked bonds is therefore dependent on the price performance of the equity as the underlying. The risks of the performance of the underlying equities can therefore impact on the performance of the convertible and warrant-linked bonds. • The fund invests in bonds, the value of which depends on whether the issuer is able to afford its payments. The deterioration of credit quality (ability and willingness to repay) may have an adverse affect on the value of the bond. • Due to its composition/the techniques used by the Fund management, the investment fund has elevated volatility, i.e. the share price may be subject to significant fluctuations up or down within short periods of time. The share value may fall below the purchase price at which the customer acquired the share at any time.

Important note on the investor profile:

Page 4 / 4 153 Marketing Material Factsheet: DWS Invest Convertibles

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August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance - Share Class LC(EUR) (in %) The fund provides access to a diversified global convertibles investment universe. By investing in classic vanilla convertibles the fund has a stringent pure approach. The targeted investment horizon is between 3-5 years. In order to provide a convex and therefore preferable risk-return profile, the fund invests primarily in convertibles with a medium delta. Currency risk is systematically hedged (except for the share class FC (CE)).

Fund Calculation of performance is based on the time-weighted return and excludes front-end fees. Individual costs such as fees, commissions and Fund Management's Comment other charges have not been included in this presentation and would have an adverse impact on returns if they were included. Past performance is not a reliable indicator of future returns. Markets grinded higher in August with several indices reaching all-time highs. The convertible bond market managed to benefit from the positive tone on equity markets and Cumulative performance (in %) - share class LC(EUR) tightening credit markets as well. The Refinitiv 1 m 1 y 3 y 5 y s. Inception YTD 3 y avg 5 y avg 2017 2018 2019 2020 Global Focus Index added 65bp in August. In the same period, the fund added 87bp. The lack of new issuance, combined with a risk-on EUR 0.8 9.0 20.6 25.4 107.7 0.2 6.5 4.6 3.8 -7.7 8.4 19.9 approach for credit names, had a positive impact on valuations. The surge in M&A activity in the asset class also contributed to firmer valuations. The positive performance of the fund was mainly coming from the region US. The sectors Information Technology (higher delta names) and Consumer Discretionary were the best performing Further Characteristics (3 years) / VAR (1 year) - share class LC(EUR) sectors, although basically all other sectors Volatility 9.95% Maximum Drawdown -10.39% VAR (99%/10 days) 2.52% contributed to the performance. We have decided to keep our focus on better credit Sharpe Ratio 0.69 Information Ratio -- Correlation Coefficient -- names and we have further reduced our Alpha -- Beta -- Tracking Error -- exposure in high yield names where the yield pick-up is still relatively small. The delta of the fund has been reduced slightly to 50% after we took profit in equity proxy names. We Portfolio Analysis have redeployed the proceeds in the primary Sectors delta weighted Principal holdings (in % of fundvolume) market. The average credit rating of the fund remains BBB-, which is slightly better than the MEITUA 0 04/27/28 1.7 Refinitiv Global Focus Index. Information Technology 18.2 SQ 0 1/4 11/01/27 1.6 Consumer Discretionary 9.3 STM 0 08/04/27 1.6 Health Care 7.7 Cerah(Khazanah)/CIMB 0 08/08/24 Corp 1.5 Communication Services 5.3 EDF 0 09/14/24 1.5 Industrials 2.5 DXSAU 2.3 06/19/26 Corp 1.5 Utilities 2.2 AMXLMM 0 03/02/24 1.4 Materials 1.5 NEXIIM 0 02/24/28 1.4 Real estate 1.4 OKTA 0 3/8 06/15/26 1.4 Financials 0.5 Consumer Staples 0.3 DBX 0 03/01/28 1.3 Total 48.9 Total 14.9

Regions delta weighted Fund figures

US 26.7 Holdings 128.00 EMEA 13.1 Average maturity (in years) 4.30 Asia ex Japan 7.3 Current Yield (in %) 0.40 Japan 1.8 Fund average rating (*) BBB- Morningstar Category™ Total 48.9 Cash and equivalents (in %) 5.70 Non-rated and other securities (in %) 0.90 Convertible Bond - Global, EUR Hedged Interest sensitivity -0.20 Equity sensitivity 48.90 Ratings (As at: 30/07/2021) Ø Market Cap (€ bn) 27.60 Morningstar Overall Rating™: «««

Lipper Leaders:

Note: The key terms are explained in the glossary. Page 1 / 4 154 Marketing Material Factsheet: DWS Invest Convertibles

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Portfolio Analysis Breakdown by issuer rating Convertible bond profiles

AA 6.80 Balanced 64.30 A 7.20 Equity Like 15.40 BBB 30.90 Bond Like 14.60 BB 43.40 Others 5.70 B 10.80 Not Rated 0.90

Market capitalization

Large-cap 71.70 Mid-cap 19.00 Small-cap 3.60 Others 5.70

Cumulative performance (in %) 1 m 1 y 3 y 5 y s. YTD 3 y avg 5 y avg 2017 2018 2019 2020 Inception

CHF FCH(CHF) 0.9 9.3 21.2 25.8 63.3 0.4 6.6 4.7 3.8 -7.7 8.6 20.0 CHF LCH(CHF) 0.8 8.7 19.3 22.5 25.3 0.0 6.0 4.1 3.2 -8.2 8.0 19.4 FC (CE)(EUR) 1.2 10.9 26.4 30.6 83.7 3.5 8.1 5.5 -2.3 -2.7 13.4 14.1 FC(EUR) 0.9 9.6 22.7 29.0 130.2 0.6 7.0 5.2 4.4 -7.2 9.0 20.5 FD(EUR) 0.9 9.6 22.7 29.0 41.3 0.6 7.0 5.2 4.4 -7.2 9.0 20.5 GBP DH RD(GBP) 0.9 10.2 25.2 33.6 131.0 1.0 7.8 6.0 5.1 -6.3 10.3 20.7 LC (CE)(EUR) 1.2 10.3 24.4 26.9 47.8 3.1 7.6 4.9 -3.0 -3.0 12.8 13.5 LC(EUR) 0.8 9.0 20.6 25.4 107.7 0.2 6.5 4.6 3.8 -7.7 8.4 19.9 LD(EUR) 0.8 9.0 20.7 25.4 107.8 0.2 6.5 4.6 3.8 -7.7 8.4 19.9 NC(EUR) 0.8 8.6 19.2 23.0 93.1 0.0 6.0 4.2 3.4 -8.1 8.0 19.4 RC (CE)(EUR) 1.2 11.1 27.0 -- 33.6 3.6 8.3 -- -2.4 -2.2 13.6 14.3 SEK FCH(SEK) 0.9 9.8 22.7 28.3 28.6 0.7 7.1 5.1 4.1 -7.6 9.3 20.5 SEK LCH(SEK) 0.8 9.2 20.8 24.8 24.6 0.3 6.5 4.5 3.5 -8.0 8.7 19.8 TFC(EUR) 0.9 9.6 22.7 -- 22.0 0.6 7.0 -- -- -7.2 9.0 20.5 TFD(EUR) 0.9 9.6 22.6 -- 22.0 0.6 7.0 -- -- -7.2 9.0 20.5 USD FCH(USD) 0.9 10.7 30.2 42.4 141.3 1.2 9.2 7.3 6.3 -4.8 12.3 22.5 USD LCH(USD) 0.9 10.2 28.2 38.6 124.3 0.8 8.6 6.8 5.8 -5.3 11.6 21.8 USD TFCH(USD) 0.9 10.7 30.2 -- 32.2 1.2 9.2 -- -- -4.7 12.2 22.5

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Fund Data Portfolio Manager Paulus de Vries Assets 936.1 Mio. EUR Portfolio Manager since 15/04/2020 Fund Currency EUR Portfolio Management Company DWS Investment GmbH Launch Date 12/01/2004 Portfolio Management Location Germany Fiscal Year End 31/12/2021 Management Company DWS Investment S.A. Investor profile Growth-oriented Legal Structure SICAV Custodian State Street Bank GmbH, Lux. Share Classes Share Cur. ISIN Code German Earnings Front-end Load ¹ Issue Price Redemption Interim Gains Management Running costs / plus Minimum Class Sec. Code up to Price Fee TER performance- Invest- related fee ment Amount

CHF FCH CHF LU0616868195 DWS 071 Accumulation 0.00% 163.28 163.28 0.650% 0.75% (1) -- 2,000,000 CHF LCH CHF LU0616867890 DWS 070 Accumulation 3.00% 129.22 125.34 1.200% 1.31% (1) -- -- FC EUR LU0179220412 727 467 Accumulation 0.00% 230.19 230.19 0.650% 0.72% (1) -- 2,000,000 FC (CE) EUR LU0740833669 DWS 1BT Accumulation 0.00% 183.65 183.65 0.650% 0.72% (1) -- 2,000,000 FD EUR LU0616868518 DWS 073 Distribution 0.00% 135.00 135.00 0.650% 0.72% (1) -- 2,000,000 GBP DH RD GBP LU0399358133 DWS 0V0 Distribution 0.00% 213.38 213.38 0.650% 0.75% (1) -- -- LC EUR LU0179219752 727 462 Accumulation 3.00% 214.11 207.69 1.200% 1.26% (1) -- -- LC (CE) EUR LU0740833404 DWS 1BS Accumulation 3.00% 152.40 147.83 1.200% 1.25% (1) -- -- LD EUR LU0179219919 727 463 Distribution 3.00% 201.90 195.84 1.200% 1.26% (1) -- -- NC EUR LU0179220255 727 466 Accumulation 1.50% 196.04 193.10 1.500% 1.67% (1) -- -- RC (CE) EUR LU1483365398 DWS 13E Accumulation 0.00% 133.63 133.63 0.650% 0.48% (1) -- 25,000,000 SEK FCH SEK LU1282658647 DWS 2C3 Accumulation 0.00% 1,285.83 1,285.83 0.650% 0.77% (1) -- 20,000,000 SEK LCH SEK LU1282658720 DWS 2C4 Accumulation 3.00% 1,284.03 1,245.51 1.200% 1.30% (1) -- -- TFC EUR LU1663841507 DWS 2PP Accumulation 0.00% 122.04 122.04 0.650% 0.72% (1) -- -- TFD EUR LU1663843032 DWS 2PQ Distribution 0.00% 120.71 120.71 0.650% 0.71% (1) -- -- USD FCH USD LU0273179522 DWS 0CR Accumulation 0.00% 241.29 241.29 0.650% 0.76% (1) -- 2,000,000 USD LCH USD LU0273170141 DWS 0CQ Accumulation 5.00% 236.09 224.29 1.200% 1.31% (1) -- -- USD TFCH USD LU1663844279 DWS 2PR Accumulation 0.00% 132.22 132.22 0.650% 0.75% (1) -- -- (1) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 31/12/2020. They are subject to change from year to year. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

DWS Investment GmbH ¹ Based on the gross investment.

Page 3 / 4 156 Factsheet: DWS Invest Convertibles

Balanced Funds - Multi-Asset-funds

Opportunities In accordance with the investment policy.

Risks • The fund uses derivatives on underlyings so as to participate in their increases in value or to bet on their losses in value. The increased opportunities associated with this are accompanied by increased risk of loss. Furthermore, derivative transactions may be used to hedge the fund’s assets. The use of derivative transactions for hedging purposes may reduce the fund’s upside opportunities. • The fund invests in equities. Equities are subject to strong price fluctuations and thus also to the risk of price decreases. • The fund invests in convertible and warrant-linked bonds. Convertible and warrant-linked bonds embody the right to convert the bond into equities or to acquire equities. The performance of the value of the convertible and warrant-linked bonds is therefore dependent on the price performance of the equity as the underlying. The risks of the performance of the underlying equities can therefore impact on the performance of the convertible and warrant-linked bonds. • The fund invests in bonds, the value of which depends on whether the issuer is able to afford its payments. The deterioration of credit quality (ability and willingness to repay) may have an adverse affect on the value of the bond. • Due to its composition/the techniques used by the Fund management, the investment fund has elevated volatility, i.e. the share price may be subject to significant fluctuations up or down within short periods of time. The share value may fall below the purchase price at which the customer acquired the share at any time.

Important note on the investor profile:

Page 4 / 4 157 Balanced Funds

Multi-Asset-funds Marketing Material Factsheet: DWS Vermögensmandat-Balance

Balanced Funds - Multi-Asset-funds

August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance (in EUR) (in %) Depending on market conditions, DWS Vermögensmandat-Balance invests flexibly in individual stocks, funds and certificates/derivatives, primarily in Europe. Depending on market conditions, 30% to 70% of Fund assets are invested in stable forms of investment (e.g., government bonds). Up to 70% of Fund assets are invested in investment forms that offer great opportunities and are subject to higher volatility (e.g., equity investments, emerging markets, alternative investments).

The positive development of global equities continued in August (+2.5%). The main drivers of this development are stocks from North America (+3.0%) and the emerging Cumulative performance (in %) markets and Europe (both +2.6%). This is 1 m 1 y 3 y 5 y s. Inception YTD 3 y avg 5 y avg 2017 2018 2019 2020 supported by the positive ongoing economic development (including strong recent reporting). Mainland Chinese stocks (+0.6%) EUR 0.7 16.2 16.4 21.9 44.5 6.9 5.2 4.0 3.7 -8.3 12.3 4.2 remain under pressure due to regulatory tightening.

Driven by the consumer price index (5.4%) and the Jackson Hole Symposium, this was a very volatile month. 10-year US government bonds closed at a yield of 1.30% (+0.1%) after some ups and downs, and the 30-year Further Characteristics (3 years) / VAR (1 year) bonds climbed to 1.93% (+0.04%). 10-year Volatility 10.55% Beta -- VAR (99%/10 days) 3.00% Bunds also rose to -0.39% (+0.1%). The BoE decided to leave the key interest rate and asset purchases unchanged. With the exception of Indonesia, Korea and South Africa, yields rose in all emerging markets. Portfolio Analysis The EUR remained unchanged against the US Dollar at USD 1.18, despite fluctuations Asset class (gross) (in % of fund volume) Asset class (net) (in % of fund volume) during the month. The price of a barrel of oil Prev. month Current Prev. month Current rose by 0.1% on the previous month and the price of gold stagnated at USD 1815. Cash (incl. funds) (22.4) 21.7 Cash (incl. funds) (20.6) 20.0

Bonds (incl. funds) (17.8) 17.7 Bonds (incl. funds) (21.7) 21.6 Balanced fund (2.3) 2.3 Balanced fund (1.3) 1.3

Equities (incl. funds) (51.6) 52.3 Equities (incl. funds) (56.7) 58.5 Alternative investments (6.0) 6.0 Alternative investments (2.2) 2.2

Gross weighting, not adjusted for derivative positions. Net weighting, adjusted for derivative positions.

Breakdown by Currency (in % of fund volume) Largest Individual Holdings (in % of fund volume)

Euro 85.5 Deutsche Managed Euro Fund Z-Class 9.8 United States dollar 8.5 Israel 19/16.01.29 MTN 3.7 Japanese yen 4.6 Allianz Global Inv.Op.-Allianz China A-Shares 3.7 Pound sterling 3.7 Xtrackers MSCI Emerging Markets UCITS ETF 1C 3.3 Hong Kong dollar 0.6 Xtrackers MSCI World Quality UCITS ETF 1C 3.0 Morningstar Category™ Swiss franc -0.5 Goldman Sachs Access China Governmnet BD ET 2.9 EUR Moderate Allocation - Global Australian dollar -2.4 Apple 2.8 Microsoft Corp. 2.5 Ratings (As at: 30/07/2021) XTrackers ETC/Gold 28.02.79 2.2 Morningstar Overall Rating™: ««« T. Row.Pr.Funds SICAV-Jap.Equity Fund Q10 EU 2.2 Total 36.1 Incl. forward exchange transactions, negative and positive Lipper Leaders: figures reflect expected currency developments. Gross weighting, not adjusted for derivative positions.

Note: The key terms are explained in the glossary. Page 1 / 4 159 Marketing Material Factsheet: DWS Vermögensmandat-Balance

Balanced Funds - Multi-Asset-funds

August 2021 As at 31/08/2021

Portfolio Analysis Breakdown by Country (Equities) (in % of fund volume) Breakdown by Sector (Equities) (in % of fund volume) Portfolio Breakdown according to MSCI USA 24.2 France 1.9 Information Technology 10.0 Germany 1.8 Financials 3.6 Netherlands 1.4 Communication Services 3.6 Great Britain 1.4 Industrials 3.2 Australia 0.5 Consumer Discretionary 2.9 Hongkong SAR 0.4 Health Care 2.8 Italy 0.4 Consumer Staples 1.9 Finland 0.1 Materials 1.6 Ireland 0.1 Real Estate 1.4 Portugal 0.1 Energy 0.9 Other Countries 0.3 Other Sectors 0.7 Gross weighting, not adjusted for derivative positions. Gross weighting, not adjusted for derivative positions.

Breakdown by Rating (in % of bond holdings)

AA 0.5 A 82.3 BBB 17.1

The presentation of the structure of the bond credit ratings is based on both internal and external ratings.

Key Figures regarding the Fund's Assets Yield (in %) 0.2 Duration (in years) 0.6 Modified Duration 0.6 Number of Bonds 49 Average Rating A

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August 2021 As at 31/08/2021

Fund Data Portfolio Manager Hartwig Kos Front-end Load 4.00% Portfolio Manager since 01/07/2020 All-in-Fee 1.700% Portfolio Management Company DWS Investment GmbH Running costs / TER (1) 1.910% Portfolio Management Location Germany Fee from securities lending 0.007% Management Company DWS Investment S.A. Earnings Distribution Legal Structure FCP Accumulated returns 2.95 EUR Custodian State Street Bank GmbH, Lux. Redemption Price 138.82 EUR Assets 1,478.1 Mio. EUR Issue Price 144.38 EUR Fund Currency EUR Launch Date 01/10/2007 Fiscal Year End 31/12/2021 Investor profile Growth-oriented ISIN Code LU0309483435 German Sec. Code DWS 0NL (1) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 31/12/2020. They are subject to change from year to year. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

Page 3 / 4 161 Factsheet: DWS Vermögensmandat-Balance

Balanced Funds - Multi-Asset-funds

Opportunities In accordance with the investment policy.

Important note on the investor profile:

Page 4 / 4 162 Marketing Material Factsheet: DWS Vermögensmandat-Defensiv

Balanced Funds - Multi-Asset-funds

August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance (in EUR) (in %) Depending on market conditions, DWS Vermögensmandat-Defensiv invests flexibly in individual stocks, funds and certificates/derivatives, primarily in Europe. At least 70% of Fund assets are invested in stable forms of investment (e.g., government bonds). The Fund aims to achieve a return above the money-market rate. Depending on market situation, up to 30% of Fund assets may be invested in higher-opportunity forms of investment.

The positive development of global equities continued in August (+2.5%). The main drivers of this development are stocks from North America (+3.0%) and the emerging Cumulative performance (in %) markets and Europe (both +2.6%). This is 1 m 1 y 3 y 5 y s. Inception YTD 3 y avg 5 y avg 2017 2018 2019 2020 supported by the positive ongoing economic development (including strong recent reporting). Mainland Chinese stocks (+0.6%) EUR 0.3 7.9 8.3 6.4 17.4 2.9 2.7 1.2 0.4 -5.7 5.3 3.9 remain under pressure due to regulatory tightening.

Driven by the consumer price index (5.4%) and the Jackson Hole Symposium, this was a very volatile month. 10-year US government bonds closed at a yield of 1.30% (+0.1%) after some ups and downs, and the 30-year Further Characteristics (3 years) / VAR (1 year) bonds climbed to 1.93% (+0.04%). 10-year Volatility 5.63% Beta -- VAR (99%/10 days) 1.53% Bunds also rose to -0.39% (+0.1%). The BoE decided to leave the key interest rate and asset purchases unchanged. With the exception of Indonesia, Korea and South Africa, yields rose in all emerging markets. Portfolio Analysis The EUR remained unchanged against the US Dollar at USD 1.18, despite fluctuations Asset class (gross) (in % of fund volume) Asset class (net) (in % of fund volume) during the month. The price of a barrel of oil Prev. month Current Prev. month Current rose by 0.1% on the previous month and the price of gold stagnated at USD 1815. Cash (incl. funds) (37.0) 36.4 Cash (incl. funds) (36.1) 35.6

Bonds (incl. funds) (35.8) 35.8 Bonds (incl. funds) (33.9) 33.8 Equities (incl. funds) (25.2) 25.8 Balanced fund (2.9) 2.9

Alternative investments (2.0) 2.0 Equities (incl. funds) (25.9) 26.8 Alternative investments (1.0) 1.0

Gross weighting, not adjusted for derivative positions. Net weighting, adjusted for derivative positions.

Breakdown by Currency (in % of fund volume) Largest Individual Holdings (in % of fund volume)

Euro 89.7 Deutsche Managed Euro Fund Z-Class 9.8 United States dollar 7.1 Groupama Ax.Leg.21 P C 7.3 Japanese yen 2.5 Israel 19/16.01.29 MTN 7.2 Pound sterling 2.0 DWS Invest ESG Euro Corporate Bonds IC100 6.7 Hong Kong dollar 0.2 iShs III Corp.Bond 1-5yr UCITS ETF EUR (Dist.) 4.9 Morningstar Category™ Swiss franc -0.1 DWS Invest Convertibles FC 2.9 EUR Cautious Allocation Australian dollar -1.4 Allianz Global Inv.Op.-Allianz China A-Shares 2.1 Apple 1.7 Ratings (As at: 30/07/2021) Xtrackers MSCI Emerging Markets UCITS ETF 1C 1.6 Morningstar Overall Rating™: ««« Microsoft Corp. 1.6 Total 45.8 Incl. forward exchange transactions, negative and positive Lipper Leaders: figures reflect expected currency developments. Gross weighting, not adjusted for derivative positions.

Note: The key terms are explained in the glossary. Page 1 / 4 163 Marketing Material Factsheet: DWS Vermögensmandat-Defensiv

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August 2021 As at 31/08/2021

Portfolio Analysis Breakdown by Rating (in % of bond holdings) Breakdown by Country (Equities) (in % of fund volume)

A 81.2 USA 12.2 BBB 18.8 France 1.2 Germany 1.1 Netherlands 0.9 Italy 0.2 Finland 0.1 Great Britain 0.1 Portugal 0.1 Ireland 0.1 Spain 0.1

The presentation of the structure of the bond credit ratings is based on both internal Gross weighting, not adjusted for derivative positions. and external ratings.

Breakdown by Sector (Equities) (in % of fund volume) Portfolio Breakdown according to MSCI Information Technology 5.5 Communication Services 1.9 Industrials 1.6 Consumer Discretionary 1.5 Financials 1.4 Health Care 1.3 Consumer Staples 0.9 Materials 0.9 Utilities 0.4 Energy 0.4 Other Sectors 0.2 Gross weighting, not adjusted for derivative positions.

Key Figures regarding the Fund's Assets Yield (in %) 0.2 Duration (in years) 1.0 Modified Duration 1.0 Number of Bonds 45 Average Rating A

Page 2 / 4 164 Marketing Material Factsheet: DWS Vermögensmandat-Defensiv

Balanced Funds - Multi-Asset-funds

August 2021 As at 31/08/2021

Fund Data Portfolio Manager Hartwig Kos Front-end Load 3.00% Portfolio Manager since 01/07/2020 All-in-Fee 1.400% Portfolio Management Company DWS Investment GmbH Running costs / TER (1) 1.560% Portfolio Management Location Germany Fee from securities lending 0.008% Management Company DWS Investment S.A. Earnings Distribution Legal Structure FCP Accumulated returns 3.54 EUR Custodian State Street Bank GmbH, Lux. Redemption Price 111.78 EUR Assets 145.7 Mio. EUR Issue Price 115.14 EUR Fund Currency EUR Launch Date 01/10/2007 Fiscal Year End 31/12/2021 Investor profile Income-oriented ISIN Code LU0309482544 German Sec. Code DWS 0NK (1) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 31/12/2020. They are subject to change from year to year. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

Internet: www.dws.com E-Mail: [email protected]

Page 3 / 4 165 Factsheet: DWS Vermögensmandat-Defensiv

Balanced Funds - Multi-Asset-funds

Opportunities In accordance with the investment policy.

Important note on the investor profile:

Page 4 / 4 166 Marketing Material Factsheet: DWS Vermögensmandat-Dynamik

Balanced Funds - Multi-Asset-funds

August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance (in EUR) (in %) Depending on market conditions, DWS Vermögensmandat-Dynamik invests flexibly in individual stocks, funds and certificates/derivatives, primarily in Europe. At least 50% of Fund assets are invested in investment forms that offer great opportunities and are subject to higher volatility (e.g., equity investments, emerging markets, alternative investments).

The positive development of global equities continued in August (+2.5%). The main drivers of this development are stocks from North America (+3.0%) and the emerging Cumulative performance (in %) markets and Europe (both +2.6%). This is 1 m 1 y 3 y 5 y s. Inception YTD 3 y avg 5 y avg 2017 2018 2019 2020 supported by the positive ongoing economic development (including strong recent reporting). Mainland Chinese stocks (+0.6%) EUR 1.1 23.6 24.7 34.9 63.5 11.0 7.6 6.2 4.5 -9.1 16.9 4.9 remain under pressure due to regulatory tightening.

Driven by the consumer price index (5.4%) and the Jackson Hole Symposium, this was a very volatile month. 10-year US government bonds closed at a yield of 1.30% (+0.1%) after some ups and downs, and the 30-year Further Characteristics (3 years) / VAR (1 year) bonds climbed to 1.93% (+0.04%). 10-year Volatility 14.11% Beta -- VAR (99%/10 days) 4.29% Bunds also rose to -0.39% (+0.1%). The BoE decided to leave the key interest rate and asset purchases unchanged. With the exception of Indonesia, Korea and South Africa, yields rose in all emerging markets. Portfolio Analysis The EUR remained unchanged against the US Dollar at USD 1.18, despite fluctuations Asset class (gross) (in % of fund volume) Asset class (net) (in % of fund volume) during the month. The price of a barrel of oil Prev. month Current Prev. month Current rose by 0.1% on the previous month and the price of gold stagnated at USD 1815. Cash (incl. funds) (11.3) 10.9 Cash (incl. funds) (8.6) 8.3

Bonds (incl. funds) (8.4) 8.3 Bonds (incl. funds) (10.5) 10.3 Balanced fund (1.2) 1.2 Balanced fund (0.8) 0.7

Equities (incl. funds) (73.4) 74.0 Equities (incl. funds) (82.1) 84.2 Alternative investments (5.6) 5.6 Alternative investments (2.7) 2.7

Gross weighting, not adjusted for derivative positions. Net weighting, adjusted for derivative positions.

Breakdown by Currency (in % of fund volume) Largest Individual Holdings (in % of fund volume)

Euro 79.8 Deutsche Managed Euro Fund Z-Class 7.7 United States dollar 12.0 Allianz Global Inv.Op.-Allianz China A-Shares 4.8 Japanese yen 6.8 Xtrackers MSCI Emerging Markets UCITS ETF 1C 4.4 Pound sterling 4.8 Xtrackers MSCI World Quality UCITS ETF 1C 4.2 Hong Kong dollar 0.7 Apple 4.1 Morningstar Category™ Swiss franc -0.6 Microsoft Corp. 3.7 EUR Aggressive Allocation - Global Australian dollar -3.6 T. Row.Pr.Funds SICAV-Jap.Equity Fund Q10 EU 3.1 Xtrackers MSCI World Minimum Vol. UCITS ETF 1 3.1 Ratings (As at: 30/07/2021) XTrackers ETC/Gold 28.02.79 2.7 Morningstar Overall Rating™: ««« Alphabet Cl.A 2.3 Total 40.1 Incl. forward exchange transactions, negative and positive Lipper Leaders: figures reflect expected currency developments. Gross weighting, not adjusted for derivative positions.

Note: The key terms are explained in the glossary. Page 1 / 4 167 Marketing Material Factsheet: DWS Vermögensmandat-Dynamik

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August 2021 As at 31/08/2021

Portfolio Analysis Breakdown by Country (Equities) (in % of fund volume) Breakdown by Sector (Equities) (in % of fund volume) Portfolio Breakdown according to MSCI USA 35.4 France 2.7 Information Technology 14.5 Germany 2.6 Financials 5.2 Netherlands 2.0 Communication Services 5.2 Great Britain 2.0 Industrials 4.7 Australia 0.7 Consumer Discretionary 4.4 Hongkong SAR 0.6 Health Care 4.1 Italy 0.5 Consumer Staples 2.8 Finland 0.2 Materials 2.3 Ireland 0.2 Real Estate 2.0 Portugal 0.1 Energy 1.3 Other Countries 0.3 Other Sectors 1.0 Gross weighting, not adjusted for derivative positions. Gross weighting, not adjusted for derivative positions.

Breakdown by Rating (in % of bond holdings)

AA 0.5 A 83.6 BBB 15.9

The presentation of the structure of the bond credit ratings is based on both internal and external ratings.

Key Figures regarding the Fund's Assets Yield (in %) 0.2 Duration (in years) 0.4 Modified Duration 0.4 Number of Bonds 49 Average Rating A

Page 2 / 4 168 Marketing Material Factsheet: DWS Vermögensmandat-Dynamik

Balanced Funds - Multi-Asset-funds

August 2021 As at 31/08/2021

Fund Data Portfolio Manager Hartwig Kos Front-end Load 5.00% Portfolio Manager since 01/07/2020 All-in-Fee 1.900% Portfolio Management Company DWS Investment GmbH Running costs / TER (1) 2.110% Portfolio Management Location Germany Fee from securities lending 0.003% Management Company DWS Investment S.A. Earnings Distribution Legal Structure FCP Accumulated returns 2.22 EUR Custodian State Street Bank GmbH, Lux. Redemption Price 157.72 EUR Assets 2,076.7 Mio. EUR Issue Price 165.61 EUR Fund Currency EUR Launch Date 01/10/2007 Fiscal Year End 31/12/2021 Investor profile Growth-oriented ISIN Code LU0309483781 German Sec. Code DWS 0NM (1) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 31/12/2020. They are subject to change from year to year. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

Page 3 / 4 169 Factsheet: DWS Vermögensmandat-Dynamik

Guarantee Funds

Opportunities In accordance with the investment policy.

Important note on the investor profile:

Page 4 / 4 170 Guarantee Funds Marketing Material Factsheet: DWS Garant 80 FPI

Guarantee Funds

August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance (in EUR) (in %) A dynamic hedging strategy (DWS Flexible Portfolio Insurance or DWS FPI) which is regularly shifted between a growth component (e.g. equity funds, commodity investments) and a capital preservation component (e.g. selected bond and money- market funds), depending on market conditions. In periods in which the market declines for an extended period or in very volatile periods, the Fund may invest up to 100% of its assets in bond/money-market funds or via direct investment in bonds or money-market instruments. Please refer to the prospectus for the exact scope of the guarantee. Fund Guarantee Calculation of performance is based on the time-weighted return and excludes front-end fees. Individual costs such as fees, commissions and Fund Management's Comment other charges have not been included in this presentation and would have an adverse impact on returns if they were included. Past performance is not a reliable indicator of future returns.

In many Western countries, the momentum of COVID-19 vaccination campaigns weakened, with infection incidence increasingly dominated by the more infectious delta Cumulative performance (in %) variant. Purchasing managers’ data pointed to 1 m 1 y 3 y 5 y s. Inception YTD 3 y avg 5 y avg 2017 2018 2019 2020 solid but slowing growth, while the economy continued to be affected by supply bottlenecks. In addition, high inflation rates EUR 2.1 19.0 19.9 36.1 53.3 15.2 6.2 6.4 5.9 -6.6 17.5 -2.6 and rising labor force participation rates again fueled discussions about a more restrictive stance by central banks. Against this background, the equity markets remained volatile, but were able to achieve new highs in some cases. The development of gold and oil prices was also characterized by fluctuations. The yield on US government bonds was Further Characteristics (3 years) / VAR (1 year) stable, while the yield on German government Volatility 10.71% Maximum Drawdown -12.74% VAR (99%/10 days) 5.64% bonds rose slightly. Below is an overview of selected indices: Sharpe Ratio 0.62 Information Ratio -- Correlation Coefficient -- MSCI World Index (USD): 2.3%, Alpha -- Beta -- Tracking Error -- MSCI World Index (EUR): 2.8%, EURO STOXX 50 Index: 2.6%, S&P 500 Index (USD): 2.9%, Portfolio Analysis Nikkei 225 Index (JPY): 3%, Bloomberg Commodity TR Index (EUR): Portfolio Breakdown (in % of fund volume) Asset Allocation (in % of fund volume) 0.1%, Equity funds 61.3 The current yield on 10-year German Investment funds 96.2 DWS Vermögensbildungsfonds I ID 5.7 government bonds rose from -0.5% to -0.4%. Money market funds 0.5 The portion of risky investments was around DWS Akkumula ID 5.7 Cash and other assets 3.4 95% at the end of the month. Threadneedle (Lux) - Global Focus AU EU 4.0 DWS Global Value ID 3.7 DWS US Growth 3.0 Others Equity funds 39.1 Bond funds 0.8 DWS Institutional Pension Flex Yield 0.3 DWS Institutional Pension Floating Yield I 0.3 DWS Institutional Pension Vario Yield 0.3 Money market funds 0.5 DWS Vorsorge Geldmarkt LC 0.3 DWS Institutional ESG Euro Money Marke 0.1 DWS ESG Euro Money Market Fund 0.1 Index funds 34.1 Xtrackers MSCI USA Swap UCITS ETF 1 12.9 Xtrackers S&P 500 Swap UCITS ETF 1C 11.8 Xtrackers MSCI World Minimum Vol. UCIT 3.8 Xtrackers MSCI Pacific ex Japan UCITS E 2.0 Xtrackers MSCI Japan UCITS ETF 1C 1.9 Xtrackers MSCI Canada UCITS ETF 1C 1.7 Cash and other Assets 3.4 Morningstar Category™ EUR Flexible Allocation - Global

Ratings (As at: 30/07/2021) Morningstar Overall Rating™: ««««

Lipper Leaders:

Note: The key terms are explained in the glossary. Page 1 / 3 172 Marketing Material Factsheet: DWS Garant 80 FPI

Guarantee Funds

August 2021 As at 31/08/2021

Fund Data Portfolio Manager Andreas Engesser Front-end Load 0.00% Portfolio Manager since 01/01/2015 All-in-Fee 1.600% Portfolio Management Company DWS Investment GmbH Running costs / TER (1) 1.930% Portfolio Management Location Germany Fee from securities lending 0.001% Management Company DWS Investment S.A. Earnings Accumulation Legal Structure FCP Accumulated returns 5.20 EUR Custodian State Street Bank GmbH, Lux. Redemption Price 153.26 EUR Assets 974.3 Mio. EUR Issue Price 153.26 EUR Fund Currency EUR Guarantee 120.05 EUR Launch Date 15/01/2008 Guarantee Value since 31/08/2021 Fiscal Year End 31/12/2021 Guarantee Date 31/08/2021 Investor profile Growth-oriented ISIN Code LU0327386305 German Sec. Code DWS 0PQ (1) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 31/12/2020. They are subject to change from year to year. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

Page 2 / 3 173 Factsheet: DWS Garant 80 FPI

Total Return Strategies

Opportunities In accordance with the investment policy.

Risks • If the guarantor becomes insolvent, this may void the guarantee. • Due to its composition/the techniques used by the Fund management, the investment fund has elevated volatility, i.e. the share price may be subject to significant fluctuations up or down within short periods of time. The share value may fall below the purchase price at which the customer acquired the share at any time.

Important note on the investor profile:

Page 3 / 3 174 Total Return Strategies Marketing Material Factsheet: DWS Concept Kaldemorgen

Total Return Strategies

August 2021 As at 31/08/2021

Fund Data Performance Investment Policy Performance - Share Class LC(EUR) (in %) The objective of DWS Concept Kaldemorgen is to achieve a total return in Euro by investing in different markets and instruments depending on the overall economic cycle and assessment of the fund management. It also intends to build up long and synthetic short positions profiting from respective over- and undervaluation of various asset classes/instruments and to take advantage of the ability to invest in derivatives for hedging market risks.

Further Characteristics (3 years) / VAR (1 year) - share class LC(EUR) Volatility 7.15% Beta -- VAR (99%/10 days) 3.16%

Portfolio Analysis Asset class (gross) (in % of fund volume) Asset class (net) (in % of fund volume) Prev. month Current Prev. month Current Cash (incl. funds) (18.4) 19.5 Cash (incl. funds) (16.3) 16.7 Bonds (incl. funds) (18.3) 18.5 Bonds (incl. funds) (18.8) 18.5

Equities (incl. funds) (55.2) 54.1 Equities (incl. funds) (45.4) 44.7 Alternative investments (8.1) 8.0 Alternative investments (8.3) 8.2

Morningstar Style-Box™ Market Capitalization Large

Mid Gross weighting, not adjusted for derivative positions. Net weighting, adjusted for derivative positions.

Small Breakdown by Currency (in % of fund volume) Principal Holdings (Equities) (in % of fund volume) Euro 57.1 Alphabet Inc (Communication Services) 3.1 Value Growth United States dollar 23.7 E.ON SE (Utilities) 2.4 Blend Norwegian krone 3.7 Taiwan Semiconductor Manufacturing Co Ltd (Info 2.2 Investment Style Swiss franc 3.7 Deutsche Telekom AG (Communication Services) 2.1 Pound sterling 3.4 Microsoft Corp (Information Technology) 1.9 Morningstar Category™ Taiwan dollar - new - 2.9 AXA SA (Financials) 1.8 Alt - Multistrategy Japanese yen 2.8 Hong Kong dollar 1.5 Nestle SA (Consumer Staples) 1.6 South Korean won 1.0 BASF SE (Materials) 1.5 Ratings (As at: 30/07/2021) Singapore dollar 0.3 Volkswagen AG (Consumer Discretionary) 1.5 Morningstar Overall Rating™: «««« RED ELECTRICA CORP SA (Utilities) 1.3 Total 19.4 Lipper Leaders: Incl. forward exchange transactions, negative and positive figures reflect expected currency developments. Gross weighting, not adjusted for derivative positions.

Note: The key terms are explained in the glossary. Page 1 / 4 176 Marketing Material Factsheet: DWS Concept Kaldemorgen

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August 2021 As at 31/08/2021

Portfolio Analysis Breakdown by Country (Equities) (in % of fund volume) Breakdown by Sector (Equities) (in % of fund volume) Portfolio Breakdown according to MSCI USA 15.8 Germany 13.9 Communication Services 9.3 France 8.8 Information Technology 8.7 Switzerland 3.4 Health Care 8.5 Japan 2.5 Utilities 5.5 Taiwan 2.2 Financials 4.9 Great Britain 2.1 Consumer Discretionary 4.3 Spain 1.3 Industrials 4.3 Netherlands 1.0 Materials 3.9 Korea 0.7 Consumer Staples 2.6 Italy 0.6 Real Estate 0.9 Other Countries 0.5 Gross weighting, not adjusted for derivative positions. Gross weighting, not adjusted for derivative positions.

Breakdown by Rating (in % of bond holdings) Breakdown by Country (Bonds) (in % of fund volume)

AAA 65.5 Germany 8.2 A 0.5 USA 4.9 BBB 9.6 Israel 0.9 BB 14.1 Supranational 0.9 B 4.2 Norway 0.8 Others 6.1 Luxembourg 0.8 France 0.6 Oman 0.6 Belgium 0.4 Iceland 0.1 Other Countries 0.3 The presentation of the structure of the bond credit ratings is based on both internal Gross weighting, not adjusted for derivative positions. and external ratings.

Cumulative performance (in %) 1 m 1 y 3 y 5 y s. YTD 3 y avg 5 y avg 2017 2018 2019 2020 Inception

AUD SFDMH(AUD) 1.4 10.8 -- -- 6.9 8.9 ------CHF FCH(CHF) 1.2 10.5 16.9 22.2 26.9 8.6 5.3 4.1 0.9 -2.8 13.0 -1.5 CHF SFCH(CHF) 1.3 10.1 15.0 19.0 21.8 8.4 4.8 3.5 0.3 -3.7 12.8 -2.3 FC(EUR) 1.2 10.2 17.0 23.7 72.8 8.2 5.4 4.4 1.6 -2.2 12.8 -1.1 FD(EUR) 1.2 10.2 17.0 -- 19.2 8.2 5.4 -- -- -2.2 12.9 -1.2 GBP CH RD(GBP) 1.4 11.8 22.1 32.0 38.5 9.6 6.9 5.7 2.5 -1.3 15.6 -0.8 IC(EUR) 1.2 10.4 17.6 24.7 59.8 8.3 5.5 4.5 1.7 -2.0 13.0 -1.0 IC100(EUR) 1.4 11.8 -- -- 11.5 9.5 ------0.7 LC(EUR) 1.2 9.6 14.8 19.8 61.5 7.8 4.7 3.7 0.9 -3.0 12.3 -1.9 LD(EUR) 1.1 9.6 14.7 19.7 61.5 7.8 4.7 3.7 0.9 -3.0 12.2 -1.9 NC(EUR) 1.1 9.0 12.7 16.2 51.0 7.5 4.1 3.1 0.3 -3.6 11.7 -2.6 PFC(EUR) 1.1 9.0 -- -- 9.2 7.5 ------2.9 RVC(EUR) 1.4 11.3 19.5 -- 20.2 9.2 6.1 -- -- -2.3 14.4 -1.1 SC(EUR) 1.2 10.4 17.9 25.3 45.8 8.3 5.6 4.6 1.8 -2.0 13.2 -0.9 SCR(EUR) 1.3 10.5 16.9 23.0 29.6 8.7 5.3 4.2 1.1 -3.0 13.5 -1.9 SFC(EUR) 1.3 10.1 15.8 21.3 25.0 8.5 5.0 3.9 1.0 -3.3 13.2 -2.2 SLD(EUR) 1.1 9.6 14.9 -- 13.7 7.8 4.8 -- -- -3.0 12.5 -1.9 TFC(EUR) 1.2 10.2 16.6 -- 17.3 8.2 5.3 -- -- -2.3 12.6 -1.1 TFD(EUR) 1.2 10.2 17.0 -- 17.6 8.2 5.4 -- -- -2.2 12.9 -1.1 USD FCH(USD) 1.3 11.0 23.5 35.6 55.4 8.5 7.3 6.3 3.4 0.2 16.0 0.3 USD LCH(USD) 1.2 10.4 21.2 31.4 49.2 8.2 6.6 5.6 2.7 -0.6 15.3 -0.4 USD SCH(USD) 1.5 12.3 -- -- 9.6 9.7 ------USD SFDMH(USD) 1.4 11.3 -- -- 8.3 9.1 ------USD TFCH(USD) 1.3 11.0 23.6 -- 26.4 8.5 7.3 -- -- 0.1 16.3 0.2 VC(EUR) 1.3 10.5 16.9 22.8 28.3 8.7 5.3 4.2 1.1 -3.0 13.5 -1.9

Page 2 / 4 177 Marketing Material Factsheet: DWS Concept Kaldemorgen

Total Return Strategies

August 2021 As at 31/08/2021

Fund Data Portfolio Manager Klaus Kaldemorgen Assets 12,061.9 Mio. EUR Portfolio Manager since 02/05/2011 Fund Currency EUR Portfolio Management Company DWS Investment GmbH Launch Date 02/05/2011 Portfolio Management Location Germany Fiscal Year End 31/12/2021 Management Company DWS Investment S.A. Investor profile Growth-oriented Legal Structure SICAV Custodian State Street Bank GmbH, Lux. Share Classes Share Cur. ISIN Code German Earnings Front-end Load ¹ Issue Price Redemption Interim Gains Management Running costs / plus Minimum Class Sec. Code up to Price Fee TER performance- Invest- related fee ment Amount

AUD SFDMH AUD LU2081041449 DWS K65 Distribution 5.00% 112.49 106.87 1.650% 1.95% (2) -- 500,000 CHF FCH CHF LU1254422691 DWS K44 Accumulation 0.00% 126.90 126.90 0.750% * 0.81% (1) 0.00% 2,000,000 CHF SFCH CHF LU1303387986 DWS K47 Accumulation 5.00% 128.24 121.82 1.650% 1.71% (1) -- 1,000,000 FC EUR LU0599947271 DWS K03 Accumulation 0.00% 172.82 172.82 0.750% * 0.78% (1) 0.00% 2,000,000 FD EUR LU0599947354 DWS K04 Distribution 0.00% 115.29 115.29 0.750% * 0.78% (1) 0.00% 2,000,000 GBP CH RD GBP LU1422958493 DWS K50 Accumulation 0.00% 138.54 138.54 0.750% 0.82% (1) -- -- IC EUR LU0599947438 DWS K05 Accumulation 0.00% 159.81 159.81 0.600% * 0.60% (1) 0.00% 10,000,000 IC100 EUR LU2061969395 DWS 23X Accumulation 0.00% 111.54 111.54 0.350% 0.35% (1) -- 100,000,000 LC EUR LU0599946893 DWS K00 Accumulation 5.00% 170.03 161.53 1.500% * 1.53% (1) 0.00% -- LD EUR LU0599946976 DWS K01 Distribution 5.00% 165.04 156.78 1.500% * 1.53% (1) 0.00% -- NC EUR LU0599947198 DWS K02 Accumulation 3.00% 155.66 150.99 2.000% * 2.23% (1) 0.00% -- PFC EUR LU2001316731 DWS K64 Accumulation 0.00% 109.15 109.15 1.400% * 2.52% (1) 0.00% -- RVC EUR LU1663838461 DWS K54 Accumulation 5.00% 126.53 120.21 0.750% 0.79% (1) -- -- SC EUR LU1028182704 DWS K43 Accumulation 0.00% 145.75 145.75 0.500% * 0.54% (1) 0.00% 25,000,000 SCR EUR LU1254423079 DWS K45 Accumulation 0.00% 129.56 129.56 1.500% 1.53% (1) -- 100,000,000 SFC EUR LU1303389503 DWS K48 Accumulation 5.00% 131.56 124.98 1.800% 1.83% (1) -- 1,000,000 SLD EUR LU1606606942 DWS K51 Distribution 5.00% 117.66 111.78 1.500% * 1.53% (1) 0.00% -- TFC EUR LU1663838545 DWS K55 Accumulation 0.00% 117.26 117.26 0.750% * 0.79% (1) 0.00% -- TFD EUR LU1663838891 DWS K56 Distribution 0.00% 113.77 113.77 0.750% * 0.79% (1) 0.00% -- USD FCH USD LU0599947784 DWS K08 Accumulation 0.00% 155.43 155.43 0.750% * 0.82% (1) 0.00% 2,000,000 USD LCH USD LU0599947602 DWS K07 Accumulation 5.00% 157.10 149.24 1.500% * 1.57% (1) 0.00% -- USD SCH USD LU2096798330 DWS K67 Accumulation 0.00% 109.63 109.63 0.700% 0.82% (2) -- 10,000,000 USD SFDMH USD LU2081041795 DWS K66 Distribution 5.00% 114.04 108.34 1.650% 1.95% (2) -- 500,000 USD TFCH USD LU1663838974 DWS K57 Accumulation 0.00% 126.36 126.36 0.750% * 0.82% (1) 0.00% -- VC EUR LU1268496996 DWS K46 Accumulation 5.00% 135.09 128.34 1.500% 1.53% (1) -- 400,000 *plus performance-related fee (1) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. If the Fund invests a substantial part of its assets in target funds, the costs of the respective funds and payments received by them will also be taken into account. The Fund incurred the total expenses listed here in its last financial year which ended on 31/12/2020. They are subject to change from year to year. (2) The Total Expense Ratio (TER) generally includes all expense items charged to the Fund apart from transaction costs and performance fees. The total expenses listed here represent an estimate since the Fund was launched on (AUD SFDMH:31/01/2020, USD SCH:31/01/2020, USD SFDMH:31/01/2020). Actual expenses will be calculated and published once the first financial year has ended. The annual report for each financial year will contain the expense details with their precise calculation. Important notice: Distribution agents such as banks or other investment service providers may report costs or expense ratios to interested investors that may differ from and exceed the costs described here. This may be due to new regulatory requirements for the calculation and reporting of costs by these distribution agents, in particular as a result of the implementation of Directive 2014/65/EU (Markets in Financial Instruments Directive - "MiFID2 Directive") from January 3, 2018.

Address Note

DWS Investment GmbH ¹ Based on the gross investment.

Page 3 / 4 178 Factsheet: DWS Concept Kaldemorgen

Total Return Strategies

Opportunities In accordance with the investment policy.

Risks • The fund uses derivatives on underlyings so as to participate in their increases in value or to bet on their losses in value. The increased opportunities associated with this are accompanied by increased risk of loss. Furthermore, derivative transactions may be used to hedge the fund’s assets. The use of derivative transactions for hedging purposes may reduce the fund’s upside opportunities. • The fund invests in equities. Equities are subject to strong price fluctuations and thus also to the risk of price decreases. • The fund invests in convertible and warrant-linked bonds. Convertible and warrant-linked bonds embody the right to convert the bond into equities or to acquire equities. The performance of the value of the convertible and warrant-linked bonds is therefore dependent on the price performance of the equity as the underlying. The risks of the performance of the underlying equities can therefore impact on the performance of the convertible and warrant-linked bonds. • The fund invests in bonds, the value of which depends on whether the issuer is able to afford its payments. The deterioration of credit quality (ability and willingness to repay) may have an adverse affect on the value of the bond. • Due to its composition/the techniques used by the Fund management, the investment fund has elevated volatility, i.e. the share price may be subject to significant fluctuations up or down within short periods of time. The share value may fall below the purchase price at which the customer acquired the share at any time.

Important note on the investor profile:

Page 4 / 4 179 Glossary

Accumulated returns This refers to an accumulating fund under Luxembourg law. It is taxed upon sale.

All-in-fee The total daily charges to fund assets arising from the business activities of the fund. It is composed of the management fee, the custodian fee and other costs (e.g., the cost of announcements and auditors’ fees; for some funds it includes a pricing fee of up to 0.2%) and is given as a percentage per annum. The performance-based compensation incurred by various funds, the pure securities transaction costs of fund management and the Luxembourg “Taxe d’abonnement” are not included in the total expenses.

Alpha A measure of the difference between the risk-adjusted return on an investment and a benchmark. The alpha measures the part of the performance that cannot be explained by market movements or market risk, but rather is derived from the selection of securities within the market. Alpha is a way of measuring the active contribution to performance made by the portfolio manager. It is also a good yardstick to use when comparing several funds. The figure is calculated on a 3-yearly basis.

Average dividend yield Measures the average dividend amount, based on the current share price. This figure is calculated based on the shares (including ADRs/GDRs - > Depositary receipts) and REITs contained in a fund.

Average gain in positive months This is the average percentage return across all calendar months in a specified time period in which the performance of a security / fund was positive.

Average loss in negative months This is the average percentage loss across all calendar months in a specified time period in which the performance of a security / fund was negative.

Average market capitalization Measures the average market capitalization of the shares, REITs and ADRs/GDRs (depositary receipts) contained in a fund. The market capitalization represents the total market value of a company as determined by multiplying the number of shares issued by the current share price.

Benchmark A benchmark is a reference or comparison value that is used to measure the success of an investment. The benchmark for funds is usually an index, a combination of indices or an interest rate.

Best Month Best month defines the calendar month within a specified time period with the highest positive performance.

Beta factor A measure of sensitivity - given as the average percentage change in the price of a fund when the market (benchmark) rises or falls by 1%. A value over (under) 1 means that on average the fund exhibits more (less) volatility than the benchmark. The figure is calculated on a 3-yearly basis.

Correlation coefficient Describes the degree to which two values (fund versus benchmark) move in the same direction. The value of the correlation coefficient is between -1 and +1. A correlation of +1 means that the fund generally moves in the same direction as the benchmark, while -1 indicates that the fund generally moves in the opposite direction. A correlation of 0 means that there is no relation between the price movements of the fund and the benchmark. The figure is calculated on a 3-yearly basis.

Current interest yield The current interest yield differs from the nominal interest rate because securities are bought at a price that can be higher or lower than their nominal value. Since interest is always paid on the nominal value, the following calculation is used: (interest rate x 100)/price = effective yield.

Downside Deviation Downside Deviation corresponds to standard deviation, except that it only takes into account the volatility of negative returns. Downside Deviation differentiates between downside volatility (negative deviation from the mean value or the standard deviation), which is linked to a fall in the price of a security and upside volatility (positive deviation from the mean value or the standard deviation), which is linked to a rise in the price of a security. Downside Deviation only addresses negative volatility. The mean value is the required minimum rate of return specified for a security. The calculation of Downside Deviation considers a minimum rate of return of 0%. The ratio is based on the “main share class” and considers the share class performance since inception. To ensure a comparability all figures are calculated on an annualised basis.

Duration (in years/in months) A measure of the sensitivity of an investment to changes in interest rates. Duration, which was developed by Frederick Macaulay, is the average period for which invested capital is committed. Because of the interest payable over time on the invested capital, duration is shorter than -> maturity. This version of duration is used in DWS Top Reporting and refers to invested assets (without “Cash and other holdings”).

DWS-Risk-Class

Page 180 Glossary

The DWS-Risk-Class serves as a point of reference for investors, allowing them to compare their personal risk tolerance with the risks associated with an individual investment fund. Funds in the DWS Group are divided into risk categories 1 (low risk) to 4 (comparatively high risk). For example, money-market funds generally have a very stable performance and very limited risk and are thus classified as risk class 1. Industry equity funds, in which expectations for above-average returns are associated with a corresponding level of risk, are in risk class 4. Risk classes - examples of fund groups: 1 EUR money-market funds, near-money market EUR funds 2 EUR bond funds, internationally diversified bond funds primarily in hard currencies, short-term bond funds in hard currencies 3 Internationally oriented bond funds with significant unhedged currency positions, equity funds with a focus on Germany, internationally invested equity funds, country equity funds in European hard currencies. 4 Regional and industry funds, emerging-market funds

Early redemption charge The early redemption charge is a one-time fee paid when fund units are sold. It is usually given as a percentage.

Earnings During the year, funds generate so-called ordinary income / earnings (e.g., from interest received in the portfolio, dividends, realized capital gains). This income is either regularly reinvested in the fund (accumulated) or distributed at the end of the fiscal year. For the exact amount of the accumulation or distribution of a fund, please visit www.dws.de.

EU interim profit The amount per fund unit that is subject to the EU interest tax upon sale. This amount is based on the interest accrued since purchase.

Fund ratings and rankings Fund ratings and rankings allow quantitative and qualitative comparison within various fund categories. Ranking is the organization of historical data (objectively verifiable criteria like performance and volatility) with the aim of creating a list comparing different funds. The term rating makes a qualitative statement about a fund, its management or the investment company as a whole. In practice, the terms are sometimes used to mean the same thing. The prerequisites are a sufficiently large comparison group of funds and a minimum of three to five years of fund existence. The most respected fund analysts in Germany today are FERI Trust (FERI Fonds Rating) and Morningstar. In reporting, ratings refer to the previous month. For more information on the methodology of ratings services, please visit: http://www.feri-trust.de http://www.morningstarfonds.de

Front-end load The front-end load is a one-time fee paid upon acquisition of fund units. It is usually given as a percentage. Unless otherwise indicated by the fund, the front-end load is based on the net investment amount.

Future long Futures are forward contracts for a specific commodity. They obligate the buyer of the contract to buy a specific amount and quality of the underlying instrument at a specific time in the future at a price established in the contract. The parties may only relieve themselves of this obligation by selling the contract to a third party. This is called liquidating the position.

Future short Futures are forward contracts for a specific commodity. They obligate the seller of the contract to deliver a specific amount and quality of the underlying instrument at a specific time in the future at a price established in the contract. The parties may only relieve themselves of this obligation by selling the contract to a third party. This is called liquidating the position.

Information ratio The information ratio measures the difference between the annualized average return of the fund and that of the benchmark, divided by the --> Tracking error. The higher this value is, the more the investor is cempensated for the risk in the fund. The figure is calculated on a 3-yearly basis.

Leverage / level of investment Effect through which the amount of capital invested is disproportionately affected by actual developments. For example, if the effective interest rate for loans is below the returns available on the capital markets, investors can significantly increase the profitability of their investments by taking out loans and investing them on the capital markets.

Long call A long call (the purchase of a call option) gives the buyer the contractual right to acquire a specific underlying security under previously established conditions (date, price, etc.). The buyer pays the seller a premium for this right. The buyer can either sell the option to a third party or exercise it himself until the expiration date. The risk is limited to the amount invested by the buyer, the premium.

Longest loss period The longest loss period is the longest continuous time period during which the average monthly performance of a security / fund has been negative for every calendar month. The risk figure is based on the “main share class” and considers the share class performance since inception.

Long put A long put (the purchase of a put option) gives the buyer the contractual right to sell a specific underlying security under previously established conditions (date, price, etc.). The buyer pays the seller a premium for this right. He can either sell the option to a third party or exercise it himself up until the expiration date. The risk is limited to the amount invested by the buyer, the premium. Page 181 Glossary

Management fee The total daily charges to fund assets arising from the business activities of the fund. It is given as a percentage per annum.

Maturity (in years/in months) The amount of time until the maturity of an obligation, such as a bond. Refers to invested fund assets (without “Cash and other holdings”).

Maximum drawdown The maximum drawdown is the largest percentage drop in value in a given period of time. It measures the amount the fund falls from its highest point to its lowest point in the selected timeframe. The figure is calculated on a 3-yearly basis.

Minimum investment amount Various funds/asset classes have a minimum investment amount. Please see the Special Part of the Prospectus of the respective fund/asset class for details about that fund/asset class.

Modified duration (in years/in months) Serves as a measure of interest-rate sensitivity. Modified duration indicates the percentage change in price of a bond (in a portfolio) when the market interest rate changes by 1%. In order to calculate the percentage change in the bond price, the modified duration of the bond is multiplied by the percentage change in the interest rate. This figure helps investors assess the risks and opportunities of a bond at a glance.

Negative Months Absolute number of calendar months within a specified time period with a negative performance.

Number of shares Number of shares (including ADRs/GDRs - depositary receipts) and REITs contained in a fund.

Performance-related fee Amount calculated and charged to fund assets if a performance-related fee is agreed upon in the Special Part of the Prospectus and the fund’s performance exceeds that of the benchmark or other reference interest rate (or yield), less costs. It is given as a percentage per annum. For a more detailed definition, please see the Special Part of the prospectus.

Securities lending: performance-related fee from lending profits ("perf.-rel. fee from lending prof.") Compensation for activities connected with securities lending. In a securities loan, the owner of a security lends securities to a trader under the condition that the loan be repaid within what is usually a very short period of only a few days with securities of a similar type and quality. The lender receives a fee for this. DWS Investments then applies this income (the fee received for the securities loan) to the fund from whose portfolios securities are allowed to be lent and actually were lent, thereby improving the performance of that fund. Up to half of this amount may be retained by DWS Investments. Income from loans is disclosed as a percentage of average fund assets as at the end of the reporting year. In many of its funds, the DWS Group takes advantage of the opportunity to do this and thereby to achieve additional income for the fund.

Positive Months Absolute number of calender months within a specified time period with a positive performance.

Sharpe ratio A measure of risk developed by William F. Sharpe, defined as the excess return on an investment over that of a risk-free investment in relation to the risk of the investment. The higher the Sharpe ratio, the higher the return the investor receives for the risk the investment carries (expressed in volatility). The Sharpe ratio can be used to compare multiple funds. The figure is calculated on a 3-yearly basis.

Short call A short call (the sale of a call option) obligates the seller (also called the writer) to deliver the underlying instrument at any time until the exercise period of the option expires (expiration date). The seller receives a premium from the buyer for this right, which is usually above the return on comparable investments on the capital market. If a call option is not exercised, it expires and has no value.

Short put A short put (the sale of a put option) obligates the seller (also called the writer) to buy the underlying instrument at any time until the exercise period of the option expires (expiration date). The buyer receives a premium from the buyer for this right, which is usually above the return on comparable assets on the capital market. If a put option is not exercised, it expires and has no value.

Sortino Ratio The Sortino Ratio - developed by Frank A. Sortino - only uses the volatility of negative returns (downside deviation). Unlike the Sharpe Ratio, this ratio enables risk-adjusted performance indicators to be calculated that exclude upside price volatility. The ratio is based on the “main share class” and considers the share class performance since inception. To ensure a comparability all figures are calculated on an annualised basis.

Total expense ratio The total expense ratio is the ratio, given as a percentage, of all the costs associated with the management of a fund to the average net asset value of the fund for the previous fiscal year. This figure is calculated by dividing total fund costs by fund assets. This yields the amount of the total costs as a percentage of fund assets. The timeframe used is the fiscal year.

Tracking error

Page 182 Glossary

The tracking error is the standard deviation of the yield differential between a fund and its benchmark. This makes it a measure of how well the fund manager tracks the benchmark. The figure is calculated on a 3-yearly basis.

VaR (Value at Risk) A measure of risk that indicates the maximum fund losses with a given probability for a given period of time (holding period). VaR is calculated on the basis of the daily prices of the individual securities contained in the portfolio for a year.

Yield The yield is the annual return on a capital investment, measured as the actual interest earned (effective yield) on the capital invested. It is based on the fund’s income (e.g., interest, dividends, realized capital gains) and change in the price of the assets held in the fund. The yield of a fund is derived from the invested assets (without “Cash and other holdings”) and is presented as a “gross” figure, i.e., before the deduction of total expenses/fee.

Volatility Volatility expresses the degree to which the yield on an investment (the price performance of a fund, for example) varies from a mean value in a specific period of time. This makes it a measure of fund risk. The greater the variation from the mean, the higher the volatility. Knowing the volatility allows investors to assess how uncertain the return potential of an investment is. The figure is calculated on a 3-yearly basis.

Worst Month Worst month defines the calender month within a specified time period with the most pronounced negative performance.

Page 183 Description of Share Classes

CHF - share classes

Share class CHF FCH There is no sales charge on units in class CHF FCH. Income is accumulated. The sub-fund currency is hedged automatically. The minimum initial investment is CHF 2,000,000.

Share class CHF FCH (P) There is no sales charge on units in class CHF FCH (P). Income is accumulated. The portfolio currency is hedged automatically. The minimum initial investment is CHF 2,000,000.

Share class CHF LCH There is a sales charge on units in class CHF LCH. Income is accumulated. The sub-fund currency is hedged automatically.

Share class CHF LCH (P) There is a sales charge on units in class CHF LCH (P). Income is accumulated. The portfolio currency is hedged automatically.

CNY - share classes

Share class RMB FC There is no sales charge on units in class RMB FC. Income is accumulated. The minimum initial investment is CNY 2,000,000.

Share class RMB LC There is a sales charge on units in class RMB LC. Income is accumulated.

EUR - share classes

Share class BC Units of class BC are currently subject to a contingent deferred sales charge (“CDSC”). The amount of this charge depends on the length of time the units are held. Share classes with the suffix “B” are only offered by authorized distributors.

Share class FC There is no sales charge on units in class FC. Income is accumulated. The minimum initial investment is EUR 2,000,000.

Share class FC (CE) There is no sales charge on units in class FC (CE). Income is accumulated. The minimum initial investment is EUR 2,000,000. In addition, the share class with the suffix "CE" for currency exposure aims to build up an additional position in the currencies in which the assets of the sub- fund's portfolio are denominated.

Share class FCH There is no sales charge on units in class FCH. Income is accumulated. The sub-fund currency is hedged automatically. The minimum initial investment is EUR 2,000,000.

Share class FD There is no sales charge on units in class FD. Income is distributed. The minimum initial investment is EUR 2,000,000.

Share class IC There is no sales charge on units in class IC. Income is accumulated. Share class IC is intended exclusively for institutional investors. The minimum initial investment is EUR 10,000,000.

Share class ID There is no sales charge on units in class ID. Income is distributed. Share class ID is intended exclusively for institutional investors. The minimum initial investment is EUR 10,000,000.

Share class IDH There is no sales charge on units in class IDH. Income is distributed. The sub-fund currency is hedged automatically. Share class IDH is intended exclusively for institutional investors. The minimum initial investment is EUR 10,000,000.

Share class LC There is a sales charge on units in class LC. Income is accumulated.

Share class LC (BRIC) There is a sales charge on units in class LC. Income is accumulated. In addition, the share class with the suffix "BRIC" for the currencies of Brazil, Russia, India and China aims to build up an additional currency position against a currency basket.

Share class LC (CC) Page 184 Description of Share Classes

There is a sales charge on units in class LC. Income is accumulated. In addition, the share class with the suffix “CC” for commodity countries aims to build up an additional currency position against this currency basket.

Share class LCH There is a sales charge on units in class LCH. Income is accumulated. The sub-fund currency is hedged automatically.

Share class LCH (P) There is a sales charge on units in class LCH (P). Income is accumulated. The portfolio currency is hedged automatically.

Share class LD There is a sales charge on units in class LD. Income is distributed.

Share class LDH There is a sales charge on units in class LDH. Income is distributed. The sub-fund currency is hedged automatically.

Share class LDQ There is a sales charge on units in class LDQ. Income is distributed quarterly.

Share class LS There is a sales charge on units in class LS. Income is accumulated. No performance-related fee is charged.

Share class NC There is a lower sales charge on units in class NC, but in comparison with classes LC and LD, the management fee is somewhat higher. Income is accumulated. This share class is not publicly distributed in Germany.

Share class NCH There is a lower sales charge on units in class NCH, but in comparison with classes LCH and LDH, the management fee is somewhat higher. Income is accumulated. The sub-fund currency is hedged automatically. This share class is not publicly distributed in Germany.

Share class NCH (P) There is a lower sales charge on units in class NCH (P), but in comparison with classes LCH (P) and LDH, the management fee is somewhat higher. Income is accumulated. The portfolio currency is hedged automatically. This share class is not publicly distributed in Germany.

Share class ND There is a lower sales charge on units in class ND, but in comparison with classes LC and LD, the management fee is somewhat higher. Income is distributed. This share class is not publicly distributed in Germany.

Share class NDH There is a lower sales charge on units in class NDH, but in comparison with classes LCH and LDH, the management fee is somewhat higher. Income is distributed. The sub-fund currency is hedged automatically. This share class is not publicly distributed in Germany.

Share class NDQ There is a lower sales charge on units in class NDQ, but in comparison with class LDQ, the management fee is somewhat higher. Income is distributed quarterly. This share class is not publicly distributed in Germany.

GBP - share classes

Share class GBP FC There is no sales charge on units in class GBP FC. Income is accumulated. The minimum initial investment is GBP 2,000,000.

Share class GBP FD DS There is no sales charge on units in class GBP FD DS. Income is distributed. In addition, this share class will seek to gain UK distributor status annually. This share class is intended exclusively for institutional investors. The minimum initial investment is GBP 2,000,000.

Share class GBP LD DS There is a sales charge on units in class GBP LD DS. Income is distributed. In addition, this share class will seek to gain UK distributor status annually. The units of this share class are thus intended primarily for UK investors.

Share class GBP RD There is no sales charge on units in class GBP RD. Income is distributed. In addition, this share class will seek to gain UK distributor status annually.

SGD - share classes

Share class SGD LC Page 185 Description of Share Classes

There is a sales charge on units in class SGD LC. Income is accumulated.

Share class SGD LCH (P) There is a sales charge on units in class SGD LCH (P). Income is accumulated. The portfolio currency is hedged automatically.

Share class SGD LDQ There is a sales charge on units in class SGD LDQ. Income is distributed quarterly.

USD - share classes

Share class USD FC There is no sales charge on units in class USD FC. Income is accumulated. The minimum initial investment is USD 2,000,000.

Share class USD FCH There is no sales charge on units in class USD FCH. Income is accumulated. The sub-fund currency is hedged automatically. The minimum initial investment is USD 2,000,000.

Share class USD FDQ There is no sales charge on units in class USD FDQ. Income is distributed quarterly. The minimum initial investment is USD 2,000,000.

Share class USD LC There is a sales charge on units in class USD LC. Income is accumulated.

Share class USD LCH There is a sales charge on units in class USD LCH. Income is accumulated. The sub-fund currency is hedged automatically.

Share class USD LCH (P) There is a sales charge on units in class USD LCH (P). Income is accumulated. The portfolio currency is hedged automatically.

Share class USD LD There is a sales charge on units in class USD LD. Income is distributed.

Share class USD LDH There is a sales charge on units in class USD LDH. Income is distributed. The sub-fund currency is hedged automatically.

Share class USD LDH (P) There is a sales charge on units in class USD LDH (P). Income is distributed quarterly. The portfolio currency is hedged automatically.

Page 186 DWS Investment GmbH DWS Investment S.A. Price Information

Mainzer Landstraße 11-17 2, Boulevard Konrad Adenauer Every business day in FAZ, Börsen-Zeitung 60329 Frankfurt am Main L-1115 Luxembourg Internet: www.dws.com Tel.: +49 (0) 69 / 910 - 12371 Tel.: +352 - 42101 - 1 Videotext: ARD-page 768f. Fax: +49 (0) 69 / 910 - 19090 Fax: +352 - 42101 - 900 Reuters: page DWS 01f. Internet: www.dws.com www.dws.com E-Mail: [email protected] [email protected]