DWS International GmbH (DWS International) is a registered investment adviser with the Securities and Exchange Commission (“SEC”) and has offered its products and services to clients, across a range of asset classes, investment strategies, and products since its formation in December 1983. DWS International is part of the global investment management business of DWS Group GmbH & Co. KGAA (“DWS Group”), a German partnership limited by shares. DWS Group is a separate publicly listed financial services firm and an indirect majority-owned subsidiary of Deutsche Bank AG (“DB AG”), a multi-national financial services company (together with its affiliates, directors, officers, and employees). DWS International is a direct subsidiary of DWS Group. The current shareholder structure is depicted below: DWS International has established six branches (Netherlands, Italy, Spain, France, Sweden and Austria) to date in which investment advisory services are being performed, as well as places of business in Frankfurt (principial office), Berlin, Cologne and Munich, Germany. DWS International provides discretionary and/or non-discretionary services to a variety of client types, including one or more affiliated investment advisers. In addition, its activities with respect to the non-U.S. clients are subject generally to regulation by the Federal Financial Supervisory Authority, or such other regulatory organizations in Germany, as may have jurisdiction over such German activities. DWS International is an asset manager providing global capabilities with local expertise to deliver a comprehensive line-up of investment products across a range of asset classes and investing styles. DWS International’s advisory services are conform to investment policies and guidelines that are established at the inception of the adviser-client relationship (as amended from time to time) in cooperation with the client. Since March 2018, DWS International was classified as a CRR-Investment firm. As of 26 June 2021, DWS International qualifies as an “investment firm” pursuant to the Markets in Financial Instruments Directive (“MiFID”) or “investment services institution” in the meaning of the German Investment Institutions Act (‘WpIG’). Further, per November 2021 the company returned the license to execute placement business as this activity was no longer pursued. DWS International complies with the U.S. Investment Advisers Act of 1940 (the “Advisers Act”) and the Investment Company Act of 1940 (the “Investment Company Act”) only with respect to its U.S. clients. Non-U.S. clients will not be subject to the protections of the Advisers Act and the Investment Company Act. This brochure, including any brochure supplement, is intended for DWS International’s direct advisory clients. Investors in any DWS International advised fund should rely solely on the fund’s prospectus or offering materials, and may therefore refer to this brochure, or any brochure supplement, for information purposes only. Following a federal court order issued on June 17, 2020 and relating to certain regulatory settlements entered into by an affiliate outside of the DWS Group, DWS International relies on an order issued by the SEC under the Investment Company Act on October 20, 2020, permitting it to continue to provide investment advisory services to investment companies registered under the Investment Company Act. Types of investments DWS International provides investment advice concerning “financial instruments,” including without limitation, stocks (equity and fixed income), subscription rights, repurchase agreements, mortgage-backed and asset-backed securities, convertible securities, foreign debt securities (both sovereign and corporate), currencies, and derivatives. Derivatives include derivative contracts (e.g. futures, forwards, options and swaps) and derivative securities (e.g., Treasury Strips and “structured securities”). To the extent consistent with client guidelines, derivatives may be used to hedge various market or portfolio risks, to manage the effective maturity or duration of fixed-income portfolios, as a substitute for or alternative to the instruments available in the securities, currency, or other markets, or to enhance portfolio returns. Asset under management As of December 31, 2023, DWS International had a total of $ 4 43,312,023,335.02 discretionary and $1,659,888,397.69 non-discretionary client Assets under Management. Environmental, social and governance considerations DWS International seeks to incorporate in its investment process environmental, social and governance (“ESG”) risks and opportunities that could have material impact on the financial performance of the issuer, in accordance with the goals of a particular investment strategy and client investment guidelines, and further subject to its fiduciary obligations and applicable law, rule and regulation. For most asset classes and market segments, DWS International portfolio managers have access to ESG research and grades, including research provided by internal DWS analysts which consider ESG risks and opportunities, as well as access to ESG quality assessment scores and additional information from DWS’s proprietary ESG tool (also referred to as the “ESG Engine”). For those strategies that do not seek to implement a specific ESG strategy, the level of consideration of ESG factors in a strategy’s process will differ from

strategy to strategy, from sector to sector, and from portfolio manager to portfolio manager. Certain DWS International advised funds, other pooled investment vehicles and separately managed account strategies advised by DWS International are labeled as ESG and/or otherwise incorporate specific ESG considerations into their investment objectives, strategies, and/or processes (collectively, “ESG-dedicated Strategies”), in each instance, as described in the offering documents for such DWS International advised funds or pooled investment vehicle or the strategy’s investment guidelines (in the case of SMAs, as dictated by the Client). These ESG-dedicated strategies utilize ESG research and quality assessment scores, in addition to traditional financial considerations, in a number of ways, including screening for securities that meet certain minimum ESG identified thresholds, seeking to identify issuers or securities that support specified ESG-related initiatives (e.g., climate change mitigation and adaptation, addressing poverty and unemployment), or screening out issuers that engage in business practices or sectors that are deemed controversial (e.g., fossil fuels, nuclear energy, tobacco, weapons, gambling, adult entertainment). In addition to ESG-dedicated Strategies, where appropriate, DWS International will seek to identify and consider relevant ESG factors when assessing the risk and return of a particular investment in providing advisory services for certain other strategies. For DWS International advised funds or other pooled investment vehicles, details relating to when and if ESG factors are considered by DWS International are disclosed in the offering documents for such vehicles. Because investors can differ in their views of what constitutes positive or negative ESG characteristics, DWS International may invest in issuers that do not reflect the ESG beliefs and values of other investors. DWS International’s considerations of ESG risks and opportunities may affect a fund’s exposure to certain companies or industries, and an ESG-dedicated strategy may forego certain investment opportunities. While DWS International views considerations of ESG risks and considerations as having the potential to contribute to a client’s account long-term performance, there is no guarantee that such results will be achieved. DWS Proprietary ESG Tool DWS International’s portfolio managers may use output from a proprietary DWS ESG tool that evaluates an issuer’s performance across a variety of ESG indicators, primarily on the basis of data obtained from multiple third-party ESG data vendors and public sources and assigns a DWS ESG Quality Grade to each issuer covered by the ESG tool. An additional DWS internal review process allows for changes to the DWS ESG Quality Grade. An internal review may occur, for example, if it is deemed that information is not reflected in the existing ESG grade because new information or insights have emerged that the ESG data vendors have not yet processed. Examples of information that may be considered in this review process include, but are not limited to, the announcement of new (or withdrawal from previously announced) climate-related commitments, or the resolution of legacy (or involvement in new) controversies. DWS International’s portfolio management may consider application of internal reviews on a given DWS ESG Quality Grade and use their discretion whether and how to apply. The DWS ESG Quality Grade seeks to identify ESG leaders and laggards within an industry- and region-specific peer groups in terms of overall ESG performance (best-in-class approach). Issuers within the same industry and region-specific peer group are graded on a scale of A (true leader) to F (true laggard). Issuers with a grade of C or above are deemed to meet DWS International’s sustainability criteria. In calculating the DWS ESG Quality Grade, the DWS proprietary ESG tool utilizes a proprietary methodology to evaluate ESG scores from multiple third-party data vendors across a broad range of ESG indicators to arrive at a consensus overall quality grade intended to reflect which companies may be positioned better to address, and which companies may be more exposed to future ESG risks, relative to their peers. The broad range of ESG indicators measured include, among others, assessments of an issuer’s carbon emissions including its own emissions and those of its products and services, land use and biodiversity, climate change strategy and vulnerability, product safety and quality, employee management issues including equal opportunities and non-discrimination, freedom of association and right to collective bargaining and occupational health and safety, community relations, human rights issues related to supply chain, business ethics and anti-corruption, and corporate governance matters including executive pay, board diversity and board independence. The proprietary DWS ESG tool covers most listed asset classes but there is limited information on high yield, municipal bonds, emerging markets, IPOs and certain other types of securities due to incomplete vendor coverage. Through the DWS ESG tool, DWS International’s portfolio management may also access issuer-specific contextual analysis that provides additional information about an issuer’s ESG risks and opportunities, risk mitigation actions or plans and other characteristics.