General Disclaimer

DWS represents the asset management activities conducted by DWS or any of its subsidiaries. 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 contents of this website pertain to the asset management activities of DWS. In Germany and Luxembourg: DWS Investment GmbH, DWS Investment S.A., and DWS International GmbH; in the United Kingdom, DWS Investments (UK) Limited; in the US, this relates to the asset management activities of DWS Investment Management Americas Inc.; in addition to other regional entities in the DWS Group as relevant.

This material was prepared without regard to the specific objectives, financial situation or needs of any particular person who may receive it. It is intended for informational purposes only and it is not intended that it be relied on to make any investment decision. It does not constitute investment advice or a recommendation or an offer or solicitation and is not the basis for any contract to purchase or sell any security or other instrument, or for DWS and its affiliates to enter into or arrange any type of transaction as a consequence of any information contained herein. Neither DWS nor any of its affiliates, gives any warranty as to the accuracy, reliability or completeness of information which is contained in this document. Except insofar as liability under any statute cannot be excluded, no member of the DWS Group, the Issuer or any officer, employee or associate of them accepts any liability (whether arising in contract, in tort or negligence or otherwise) for any error or omission in this document or for any resulting loss or damage whether direct, indirect, consequential or otherwise suffered by the recipient of this document or any other person. No part of this information may be reproduced in any form or by any means or re-distributed without the prior written consent of DWS or a relevant affiliate.

The views expressed on this website constitute DWS or its affiliates' judgment at the time of issue and are subject to change. The value of shares/units and their derived income may fall as well as rise. Past performance or any prediction or forecast is not indicative of future results. This website is only for professional investors.

Any forecasts provided herein are based upon our opinion of the market as at this date and are subject to change, dependent on future changes in the market. Any prediction, projection or forecast on the economy, stock market, bond market or the economic trends of the markets is not necessarily indicative of the future or likely performance. Investments are subject to risks, including possible loss of principal amount invested.

Certain investment strategies mentioned herein may not be available in every region or country for legal or other reasons, and information about these strategies is not directed to those investors residing or located in any such region or country.

Prospective investors should read the terms and conditions contained in the relevant offering documents carefully and consult their own professional advisers before making an investment.

Disclosure and acceptance for professional/institutional investors in the United Kingdom

This information is issued in the United Kingdom by DWS Investments UK Limited ("DWS UK") of Winchester House, 1 Great Winchester Street, London, EC2N 2BD. Authorised and regulated by the Financial Conduct Authority ("FCA"). This website is intended for information purposes only and does not constitute investment advice or a personal recommendation. It should not be construed as an offer to sell any investment or service. Furthermore, it does not constitute the solicitation of an offer to purchase or subscribe for any investment or service in any jurisdiction where, or from any person in respect of whom, such a solicitation of an offer is unlawful. No part of this information may be reproduced in any form or by any means or re-distributed, without our prior written consent. This information is a "non-retail communication" within the meaning of the FCA's Rules and is directed only at persons satisfying the FCA's client categorisation criteria for an eligible counterparty or a professional client. This information is not intended for and should not be relied upon by a retail client.
 
The information provided on this website has been prepared in good faith, however, no representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by DWS UK or the DWS Group or by any of their respective officers, employees or agents as to or in relation to the accuracy or completeness of this document. The information stated, opinions expressed and estimates given constitute best judgement at the time of publication and are subject to change without notice. When making an investment decision, potential investors should rely solely on the final information relating to the investment or service and not the information contained herein. The investments or services mentioned herein may not be appropriate for all investors and before entering into any transaction you should take steps to ensure that you fully understand the transaction and have made an independent assessment of the appropriateness of the transaction in the light of your own objectives and circumstances, including the possible risks and benefits of entering into such transaction. You should also consider seeking advice from your own advisers in making this assessment. If you decide to enter into a transaction you do so in reliance on your own judgment.

As a result of market fluctuations the capital value of such investments and the income from them may fall as well as rise. Investors may not get back the amount originally invested. Past performance is not a guide to the future. The information contained on this website should not be considered a recommendation to purchase or sell a particular security and there is no assurance, as of the date of publication, that the securities purchased remain in the portfolio or that securities sold have not been repurchased. References to risk management within this site relate to the investment process and management of client portfolios. Any forecasts provided herein are based upon our opinion of the market as at this date and are subject to change, dependent on future changes in the market. Any prediction, projection or forecast on the economy, stock market, bond market or the economic trends of the markets is not necessarily indicative of the future or likely performance. Investments are subject to risks, including possible loss of principal amount invested.

© DWS Investments UK Limited

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