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Introduction

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THIS WEBSITE IS PROVIDED BY DWS INTERNATIONAL GMBH EITHER (I) ON ITS OWN BEHALF IN ITS CAPACITY AS DISTRIBUTOR OF THE PRODUCTS REFERRED TO ON THIS WEBSITE, (II) ON BEHALF OF DWS INVESTMENT S.A., ACTING IN ITS CAPACITY AS MANAGEMENT COMPANY OF CERTAIN FUNDS REFERRED TO ON THIS WEBSITE, OR (III) ON BEHALF OF DB ETC PLC, XTRACKERS ETC PLC, XTRACKERS (JERSEY) ETC PLC AND XTRACKERS DIGITAL MARKETS ETC AG AS ISSUERS OF ETC SECURITIES. EACH OF THESE ENTITIES MAY BE RESPONSIBLE FOR THE WEBSITE'S CONTENT AND ANY OF THE FUNDS, ETC SECURITIES AND SERVICES (INCLUDING FINANCIAL INSTRUMENTS) DESCRIBED (TOGETHER "THE WEBSITE").

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Nothing contained on this Website should be considered as an offer to purchase any of the Products. Consequently, the information on this Website does not constitute, and may not be used for the purposes of, an offer to acquire or sell any fund shares or ETC securities to any person in any jurisdiction. Pricing levels and valuations published on this Website are indicative and they and other information displayed on this Website are for information purposes only.

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Decisiveness of Prospectus, Supplement, Key Investor Information Document, Key Information Document or other applicable offering document (“Offering Documents”)

Offering Documents referring to a specific fund (including sub-funds) or ETC security are available on this Website. Users should carefully read the information contained in such documents (including the latest version of the Key Investor Information Document or Key Information Document) before making any investment decision.

Historical performance

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No warranties for contents

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Use of the Website

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Changes of Terms

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Please also read the section “Privacy Policy” and “Cookie Information” under the heading "DWS Privacy Notice" on the Website for more information.

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Governing Law; Jurisdiction

These terms and any non-contractual obligations arising out of or in connection with them are exclusively governed by and shall be construed in accordance with the laws of Germany.

Other agreements

If at any time any provision (or part of any provision) of these Terms is, or becomes, illegal, invalid or unenforceable in any respect under the law of any jurisdiction, that shall not affect the legality, validity or enforceability in that or any other jurisdiction of any other provision (or any other part of this provision) of these Terms.

Selling restrictions

The Products described on this Website are not eligible for sale in all countries. The Offering Documents contain information as to the selling restrictions applicable to any particular Product and the User should read them carefully.

In particular, the following restrictions apply:

Residents of the United States of America:

The information set out on this Website is not directed to the United States. U.S. persons (as defined in Regulation S under the U.S. Securities Act 1933) and persons resident in the U.S. may not enter the Website. Information from this Website may not be distributed or redistributed into the United States or into any jurisdiction where it is not permitted. Any Products described on this Website have not been and will not be registered under the U.S. Securities Act of 1933 as amended and trading in the securities has not been approved for purposes of the U.S. Commodities Exchange Act of 1936. The Products may not be offered or sold in the United States, to U.S. persons or U.S. residents.

The Products described on this Website are only offered or sold to persons in any other jurisdiction, if applicable law permits this.

Important Information regarding the second Shareholder Rights Directive (SRD II)

Based on the second shareholder rights directive (SRD II) asset managers have to disclose certain information. Below is the summary of where to find certain information:

Engagement policy and report incl. voting, and use of proxy advisors, securities lending policy and conflicts of interest see section Solutions / ESG on www.dws.com. Integration policy incl. information on investment decision can be found here as well.
Once available, information on portfolio turnover can be found in the 'Reports and Accounts' section of the website.
Information on the portfolio composition and the turnover costs will be published in the annual report of the respective fund.

Information on the key material medium to long-term risks associated with the investments are as follow:

Equities listed in the European Economic Area (EEA) are subject to various material mid- and long term risks. The key risks include:

Political tensions and developments within and between countries as well as regions (e.g. trade conflicts, controversial policy actions by governments and regulators)
Macroeconomic risks such as debt crisis, recession and excessive inflation or deflation
Significant mid/ long term price volatility in equity, currency, bond and commodity markets
Idiosyncratic risks of single equities or segments (e.g. fraud, obsolete business models, corporate governance matters)
Declining liquidity in market segments or single stocks (e.g. significant price discounts)
Other risks which have the potential to disrupt the equity markets including but not limited to natural disasters, epidemics, terrorist attacks and wars

The DWS investment decision process enables us to identify risks and return opportunities. Our extensive research resources and teams of experienced professionals continually analyse the relevant markets as well as the political and economic environment. Furthermore, our Strategic CIO View provides a long-term outlook and orientation. In addition, the independent risk function ensures that investment decisions are taken in a disciplined and controlled way.

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