DWS
Short-Term Municipal Bond Fund | ||||||||
CLASS/TICKER |
A |
SRMAX |
C |
SRMCX |
INST |
MGSMX |
S |
SRMSX |
Board
Member |
DWS Short-Term Municipal Bond
Fund |
Independent
Board Member: | |
John
W. Ballantine |
None |
Dawn-Marie
Driscoll |
$1 -
$10,000 |
Keith
R. Fox |
None |
Richard
J. Herring |
None |
Rebecca
W. Rimel |
None |
William
N. Searcy, Jr. |
None |
Catherine
Schrand |
None |
|
DWS Short-Term Municipal Bond
Fund |
Independent
Advisory Board Member: | |
Chad
D. Perry |
None |
|
Funds Overseen
by
Board Member in
the
DWS
Funds |
Independent
Board Member: | |
John
W. Ballantine |
Over
$100,000 |
Dawn-Marie
Driscoll |
Over
$100,000 |
Keith
R. Fox |
Over
$100,000 |
Richard
J. Herring |
Over
$100,000 |
Rebecca
W. Rimel |
Over
$100,000 |
William
N. Searcy, Jr. |
Over
$100,000 |
Catherine
Schrand |
$50,001 –
$100,000 |
Independent
Advisory Board Member: | |
Chad
D. Perry |
None |
Independent
Board
Member |
Owner and
Relationship to
Board
Member |
Company |
Title of
Class |
Value of
Securities on an
Aggregate
Basis |
Percent of
Class on an
Aggregate
Basis |
John
W. Ballantine |
|
None |
|
|
|
Dawn-Marie
Driscoll |
|
None |
|
|
|
Keith
R. Fox |
|
None |
|
|
|
Richard
J. Herring |
|
None |
|
|
|
Rebecca
W. Rimel |
|
None |
|
|
|
William
N. Searcy, Jr. |
|
None |
|
|
|
Catherine
Schrand |
|
None |
|
|
|
Independent
Advisory
Board
Member |
Owner and
Relationship to
Advisory Board
Member |
Company |
Title of
Class |
Value of
Securities on an
Aggregate
Basis |
Percent of
Class on an
Aggregate
Basis |
Chad
D. Perry |
|
None |
|
|
|
Name and
Address of Investor |
Shares |
Class |
Percentage |
PERSHING
LLC
1
PERSHING PLZ
JERSEY
CITY NJ 07399-0001 |
1,066,670.73 |
A |
11.78% |
RAYMOND
JAMES
OMNIBUS
FOR MUTUAL FUNDS
HOUSE
ACCT FIRM XXXXXXXX
ATTN
COURTNEY WALLER
880
CARILLON PARKWAY
ST
PETERSBURG FL 33716-1100 |
1,036,748.85 |
A |
11.45% |
MORGAN
STANLEY SMITH BARNEY
HARBORSIDE
FINANCIAL CENTER
PLAZA
II 3RD FLOOR
JERSEY
CITY NJ 07311 |
946,402.44 |
A |
10.45% |
Name and
Address of Investor |
Shares |
Class |
Percentage |
UBS
WM USA
OMNI
ACCOUNT M/F
SPEC
CDY A/C EXCL BEN CUST UBSFSI
1000
HARBOR BLVD
WEEHAWKEN
NJ 07086-6761 |
889,493.16 |
A |
9.82% |
AMERICAN
ENTERPRISE INVESTMENT SVC
707
2ND AVE S
MINNEAPOLIS
MN 55402-2405 |
787,108.29 |
A |
8.69% |
CHARLES
SCHWAB & CO INC
SPECIAL
CUSTODY ACCT FBO
CUSTOMERS
ATTN
MUTUAL FUNDS
211
MAIN ST
SAN
FRANCISCO CA 94105-1901 |
764,145.94 |
A |
8.44% |
NATIONAL
FINANCIAL SERVICES LLC
FOR
EXCLUSIVE BENE OF OUR
CUSTOMERS
ATTN
MUTUAL FUNDS DEPT - 4TH FL
499
WASHINGTON BLVD
JERSEY
CITY NJ 07310-1995 |
716,147.25 |
A |
7.91% |
MLPF&S
FOR THE SOLE BENEFIT OF
ITS
CUSTOMERS
ATTN
FUND ADM (XXXXX)
4800
DEER LAKE DR E FL 2
JACKSONVILLE
FL 32246-6484 |
648,098.12 |
A |
7.16% |
LPL
FINANCIAL
9785
TOWNE CENTRE DR
SAN
DIEGO CA 92121-1968 |
514,891.97 |
A |
5.69% |
FIRST
CLEARING LLC
SPECIAL
CUSTODY ACCT FOR THE
EXCLUSIVE
BENEFIT OF CUSTOMER
2801
MARKET ST
ST
LOUIS MO 63103-2523 |
488,390.67 |
A |
5.39% |
UBS
WM USA
OMNI
ACCOUNT M/F
SPEC
CDY A/C EXCL BEN CUST UBSFSI
1000
HARBOR BLVD
WEEHAWKEN
NJ 07086-6761 |
51,180.18 |
C |
31.12% |
MORGAN
STANLEY SMITH BARNEY
HARBORSIDE
FINANCIAL CENTER
PLAZA
II 3RD FLOOR
JERSEY
CITY NJ 07311 |
28,075.91 |
C |
17.07% |
FIRST
CLEARING LLC
SPECIAL
CUSTODY ACCT FOR THE
EXCLUSIVE
BENEFIT OF CUSTOMER
2801
MARKET ST
ST
LOUIS MO 63103-2523 |
17,595.04 |
C |
10.70% |
Name and
Address of Investor |
Shares |
Class |
Percentage |
NATIONAL
FINANCIAL SERVICES LLC
FOR
EXCLUSIVE BENE OF OUR
CUSTOMERS
ATTN
MUTUAL FUNDS DEPT - 4TH FL
499
WASHINGTON BLVD
JERSEY
CITY NJ 07310-1995 |
14,682.44 |
C |
8.93% |
LPL
FINANCIAL
9785
TOWNE CENTRE DR
SAN
DIEGO CA 92121-1968 |
13,861.05 |
C |
8.43% |
OPPENHEIMER
& CO INC. FBO
MARY
L MATHER TTEE
MARY
L MATHER TRUST
U/A/DTD
9/26/1984
15520
SHELL POINT BLVD
FORT
MYERS FL 33908-1653 |
13,130.33 |
C |
7.98% |
CHARLES
SCHWAB & CO INC
SPECIAL
CUSTODY ACCT FBO
CUSTOMERS
ATTN
MUTUAL FUNDS
211
MAIN ST
SAN
FRANCISCO CA 94105-1901 |
9,905.34 |
C |
6.02% |
RAYMOND
JAMES
OMNIBUS
FOR MUTUAL FUNDS
HOUSE
ACCT FIRM XXXXXXXX
ATTN
COURTNEY WALLER
880
CARILLON PARKWAY
ST
PETERSBURG FL 33716-1100 |
9,065.08 |
C |
5.51% |
NATIONAL
FINANCIAL SERVICES LLC
FOR
EXCLUSIVE BENE OF OUR
CUSTOMERS
ATTN
MUTUAL FUNDS DEPT - 4TH FL
499
WASHINGTON BLVD
JERSEY
CITY NJ 07310-1995 |
1,817,460.30 |
Institutional |
24.35% |
MORGAN
STANLEY SMITH BARNEY
HARBORSIDE
FINANCIAL CENTER
PLAZA
II 3RD FLOOR
JERSEY
CITY NJ 07311 |
1,630,393.49 |
Institutional |
21.84% |
SEI
PRIVATE TR CO
C/O
LEGACY TRUST
1
FREEDOM VALLEY DR
OAKS
PA 19456-9989 |
700,382.58 |
Institutional |
9.38% |
LPL
FINANCIAL
9785
TOWNE CENTRE DR
SAN
DIEGO CA 92121-1968 |
652,220.69 |
Institutional |
8.74% |
AMERICAN
ENTERPRISE INVESTMENT SVC
707
2ND AVE S
MINNEAPOLIS
MN 55402-2405 |
584,913.84 |
Institutional |
7.84% |
Name and
Address of Investor |
Shares |
Class |
Percentage |
JP
MORGAN SECURITIES LLC OMNIBUS
FOR
THE EXCLUSIVE BENEFIT OF CUST
3
CHASE METROTECH CENTER
3RD
FLOOR MUTUAL FUND DEPARTMENT
BROOKLYN
NY 11245-0001 |
398,608.62 |
Institutional |
5.34% |
RAYMOND
JAMES
OMNIBUS
FOR MUTUAL FUNDS
HOUSE
ACCT FIRM XXXXXXXX
ATTN
COURTNEY WALLER
880
CARILLON PARKWAY
ST
PETERSBURG FL 33716-1100 |
394,426.22 |
Institutional |
5.28% |
UBS
WM USA
OMNI
ACCOUNT M/F
SPEC
CDY A/C EXCL BEN CUST UBSFSI
1000
HARBOR BLVD
WEEHAWKEN
NJ 07086-6761 |
780,143.60 |
S |
37.23% |
NATIONAL
FINANCIAL SERVICES LLC
FOR
EXCLUSIVE BENE OF OUR
CUSTOMERS
ATTN
MUTUAL FUNDS DEPT - 4TH FL
499
WASHINGTON BLVD
JERSEY
CITY NJ 07310-1995 |
396,631.97 |
S |
18.93% |
FRANCES
L GAZZA
73
ISLAND ESTATES PARKWAY
PALM
COAST FL 32137-2204 |
216,605.12 |
S |
10.34% |
Name of
Committee |
Number of
Meetings in Last
Calendar
Year |
Functions |
Current
Members |
AUDIT
COMMITTEE |
5 |
Assists
the Board in fulfilling its responsibility
for
oversight of (1) the integrity of the financial
statements,
(2) a fund’s accounting and
financial
reporting policies and procedures, (3)
a
fund’s compliance with legal and regulatory
requirements
related to accounting and
financial
reporting, (4) valuation of fund assets
and
securities and (5) the qualifications,
independence
and performance of the
independent
registered public accounting firm
for
a fund. Oversees a fund’s valuation
designee,
who is responsible for valuing the
fund’s
securities and other assets. The Audit
Committee
also approves and recommends to
the
Board the appointment, retention or
termination
of the independent registered
public
accounting firm for a fund, reviews the
scope
of audit and internal controls, considers
and
reports to the Board on matters relating to
a
fund’s accounting and financial reporting
practices,
and performs such other tasks as
the
full Board deems necessary or appropriate. |
Catherine
Schrand (Chair),
Richard
J. Herring (Vice
Chair)
and John W.
Ballantine |
Name of
Committee |
Number of
Meetings in Last
Calendar
Year |
Functions |
Current
Members |
NOMINATING
AND
GOVERNANCE
COMMITTEE |
5 |
Recommends
individuals for membership on
the
Board, nominates officers, Board and
committee
chairs, vice chairs and committee
members,
and oversees the operations of the
Board.
The Nominating and Governance
Committee
has not established specific,
minimum
qualifications that must be met by an
individual
to be considered by the Nominating
and
Governance Committee for nomination as
a
Board Member. The Nominating and
Governance
Committee may take into account
a
wide variety of factors in considering Board
Member
candidates, including, but not limited
to:
(i) availability and commitment of a
candidate
to attend meetings and perform his
or
her responsibilities to the Board, (ii) relevant
industry
and related experience, (iii)
educational
background, (iv) financial expertise,
(v)
an assessment of the candidate's ability,
judgment
and expertise, and (vi) the current
composition
of the Board. The Committee
generally
believes that the Board benefits from
diversity
of background, experience and views
among
its members, and considers this as a
factor
in evaluating the composition of the
Board,
but has not adopted any specific policy
in
this regard. The Nominating and Governance
Committee
reviews recommendations by
shareholders
for candidates for Board positions
on
the same basis as candidates
recommended
by other sources. Shareholders
may
recommend candidates for Board
positions
by forwarding their correspondence
by
US mail or courier service to Keith R. Fox,
DWS
Funds Board Chair, c/o Thomas R. Hiller,
Ropes
& Gray LLP, Prudential Tower, 800
Boylston
Street, Boston, MA 02199-3600. |
Rebecca
W. Rimel (Chair),
John
W. Ballantine (Vice
Chair)
and Keith R. Fox |
OPERATIONS
COMMITTEE |
5 |
Reviews
the administrative operations and
general
compliance matters of the funds.
Reviews
administrative matters related to the
operations
of the funds, policies and
procedures
relating to portfolio transactions,
custody
arrangements, fidelity bond and
insurance
arrangements and such other tasks
as
the full Board deems necessary or
appropriate. |
William
N. Searcy, Jr.
(Chair),
Dawn-Marie Driscoll
(Vice
Chair), and Rebecca W.
Rimel |
DIVIDEND
COMMITTEE |
0 |
Authorizes
dividends and other distributions for
those
funds that are organized as Maryland
corporations
or as series of a Maryland
corporation.
The Committee meets on an as-
needed
basis. The Committee applies only to
the
following corporations: Deutsche DWS
Global/International
Fund, Inc. and Deutsche
DWS
International Fund, Inc. |
Dawn-Marie
Driscoll, Keith
R.
Fox, John W. Ballantine
(Alternate),
Richard J.
Herring
(Alternate), Rebecca
W.
Rimel (Alternate) and
William
N. Searcy, Jr.
(Alternate) |
Board
Member |
DWS Short-Term Municipal Bond
Fund |
Independent
Board Member: | |
John
W. Ballantine |
$1,202 |
Dawn-Marie
Driscoll |
$1,202 |
Keith
R. Fox |
$1,613 |
Richard
J. Herring |
$1,202 |
Rebecca
W. Rimel |
$1,285 |
Catherine
Schrand |
$1,536 |
William
N. Searcy, Jr. |
$1,285 |
|
DWS Short-Term Municipal Bond
Fund |
Independent
Advisory Board Member: | |
Chad
D. Perry |
$1,536 |
Board
Member |
Total
Compensation
from the fund
and
DWS Fund Complex(1)
|
Independent
Board Member: | |
John
W. Ballantine |
$315,000 |
Dawn-Marie
Driscoll |
$315,000 |
Keith
R. Fox(2) |
$440,000 |
Richard
J. Herring |
$315,000 |
Rebecca
W. Rimel(3) |
$340,000 |
Catherine
Schrand |
$315,000 |
William
N. Searcy, Jr.(3) |
$340,000 |
Independent
Advisory Board Member: | |
Chad
D. Perry |
$315,000 |
Name of
Portfolio Manager |
Dollar Range of
Fund Shares
Owned |
Dollar Range of All
DWS
Fund Shares
Owned |
Matthew
J. Caggiano |
$10,001 -
$50,000 |
$100,001 -
$500,000 |
Patrick
Gallagher |
$0 |
$0 |
Allyson
McCann |
$0 |
$1 -
$10,000 |
Name
of
Portfolio
Manager |
Number of
Registered
Investment
Companies |
Total Assets of
Registered
Investment
Companies |
Number of
Investment
Company Accounts
with
Performance-
Based
Fee |
Total Assets of
Performance-Based
Fee
Accounts |
Matthew
J. Caggiano |
6 |
$4,457,773,501 |
0 |
$0 |
Patrick
Gallagher |
1 |
$804,672,868 |
0 |
$0 |
Allyson
McCann |
2 |
$977,958,000 |
0 |
$0 |
Name
of
Portfolio
Manager |
Number of
Pooled
Investment
Vehicles |
Total Assets of
Pooled
Investment
Vehicles |
Number of Pooled
Investment
Vehicle
Accounts with
Performance-
Based
Fee |
Total Assets of
Performance-
Based Fee
Accounts |
Matthew
J. Caggiano |
0 |
$0 |
0 |
$0 |
Patrick
Gallagher |
0 |
$0 |
0 |
$0 |
Allyson
McCann |
0 |
$0 |
0 |
$0 |
Name
of
Portfolio
Manager |
Number of
Other
Accounts |
Total Assets
of Other
Accounts |
Number of Other
Accounts with
Performance-
Based
Fee |
Total Assets of
Performance-
Based Fee
Accounts |
Matthew
J. Caggiano |
5 |
$2,088,069,445 |
0 |
$0 |
Patrick
Gallagher |
8 |
$1,115,437,226 |
0 |
$0 |
Allyson
McCann |
0 |
$0 |
0 |
$0 |
Fiscal Year
Ended |
Gross Amount
Paid to DIMA
for Advisory
Services |
Amount Waived
by DIMA for
Advisory
Services |
Gross Amount Paid
to
DIMA for General
Administrative
Services(1)
|
Amount Waived by
DIMA for General
Administrative
Services |
2022 |
$740,710 |
$115,634 |
$239,496 |
$0 |
2021 |
$928,836 |
$0 |
$300,324 |
$0 |
2020 |
$967,355 |
$15,340 |
$316,029 |
$0 |
Fiscal Year
Ended |
Gross Amount Paid
to
DSC for Transfer
Agency
Services |
Amount Waived by
DSC for Transfer
Agency
Services |
2022 |
$5,020 |
$5,020 |
2021 |
$5,255 |
$5,255 |
2020 |
$10,028 |
$10,028 |
|
Fiscal
Year |
Aggregate
Sales
Commissions |
Aggregate
Commissions
Retained
by
DDI |
DWS
Short-Term Municipal Bond Fund(1) |
2022 |
$189 |
$70 |
|
2021 |
$6,169 |
$6,010 |
|
2020 |
$5,791 |
$4,169 |
|
Fiscal
Year |
Class A
Shares |
Class C
Shares |
DWS
Short-Term Municipal Bond Fund |
2022 |
$10,018 |
$30 |
|
2021 |
$14,429 |
$170 |
|
2020 |
$17,817 |
$40 |
|
|
12b-1
Distribution
Fees |
12b-1 Shareholder
Services
Fees |
12b-1 Shareholder
Services Fees
Waived |
DWS
Short-Term Municipal Bond Fund |
Class
A |
N/A |
$266,105 |
$91,479 |
|
Class
C |
$11,132 |
$3,600 |
$726 |
Fund |
2022 |
2021 |
DWS
Short-Term Municipal Bond Fund |
112% |
105% |
|
Fiscal
Year |
Brokerage
Commissions
Paid by
Fund |
DWS
Short-Term Municipal Bond Fund |
2022 |
$0 |
|
2021 |
$0 |
|
2020 |
$0 |
|
Fiscal
Year |
Name of
Affiliated
Broker |
Affiliation |
Aggregate
Brokerage
Commissions
Paid by Fund
to Affiliated
Brokers |
% of the Total
Brokerage
Commissions |
% of the
Aggregate
Dollar
Value of all
Portfolio
Transactions |
DWS
Short-Term Municipal Bond Fund |
2022 |
None |
— |
None |
— |
— |
|
2021 |
None |
— |
None |
— |
— |
|
2020 |
None |
— |
None |
— |
— |
Fund |
Amount of
Transactions
with Research
Firms |
Commissions Paid
on Transactions
with Research
Firms |
DWS
Short-Term Municipal Bond Fund |
$0 |
$0 |
Fund and
its Fiscal Year End |
Class |
CUSIP
Number |
DWS
Short-Term Municipal Bond Fund |
Class
A |
25158T863 |
Fiscal
Year End: 10/31 |
Class
C |
25158T889 |
|
Institutional
Class |
25158T830 |
|
Class
S |
25158T806 |
|
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II-69 | |
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II-76 | |
II-143 | |
II-164 |
A+ |
Highest |
B+ |
Average |
C |
Lowest |
A |
High |
B |
Below
Average |
D |
In
Reorganization |
A– |
Above
Average |
B– |
Low |
LIQ |
Liquidation |
Name, Year
of Birth,
Position
with the
Trust/Corporation
and Length
of Time
Served(1)
|
Business
Experience and
Directorships
During the Past 5 Years |
Number
of
Funds
in
DWS
Fund
Complex
Overseen |
Other
Directorships
Held by
Board Member/
Advisory
Board Member |
Keith
R. Fox, CFA (1954)
Chairperson
since 2017,
and
Board Member since
1996 |
Managing
General Partner, Exeter Capital
Partners
(a series of private investment
funds)
(since 1986); Directorships:
Progressive
International Corporation
(kitchen
goods designer and distributor);
former
Chairman, National Association of
Small
Business Investment Companies;
Former
Directorships: ICI Mutual Insurance
Company;
BoxTop Media Inc. (advertising);
Sun
Capital Advisers Trust (mutual funds) |
69 |
- |
John
W. Ballantine (1946)
Board
Member since 1999 |
Retired;
formerly: Executive Vice President
and
Chief Risk Management Officer, First
Chicago
NBD Corporation/The First National
Bank
of Chicago (1996-1998); Executive Vice
President
and Head of International Banking
(1995-1996);
Not-for-Profit Directorships:
Window
to the World Communications
(public
media); Life Director of Harris Theater
for
Music and Dance (Chicago); Life Director
of
Hubbard Street Dance Chicago; Former
Directorships:
Director and Chairman of the
Board,
Healthways Inc.(2)
(population well-
being
and wellness services) (2003-2014);
Stockwell
Capital Investments PLC (private
equity);
Enron Corporation; FNB Corporation;
Tokheim
Corporation; First Oak Brook
Bancshares,
Inc.; Oak Brook Bank; Portland
General
Electric(2)
(utility company) (2003-
2021);
and Prisma Energy International;
Former
Not-for-Profit Directorships: Public
Radio
International; Palm Beach Civic Assn. |
69 |
- |
Name, Year
of Birth,
Position
with the
Trust/Corporation
and Length
of Time
Served(1) |
Business
Experience and
Directorships
During the Past 5 Years |
Number
of
Funds in
DWS
Fund
Complex
Overseen |
Other
Directorships
Held by
Board Member/
Advisory
Board Member |
Dawn-Marie
Driscoll (1946)
Board
Member since 1987 |
Advisory
Board and former Executive Fellow,
Hoffman
Center for Business Ethics, Bentley
University;
formerly: Partner, Palmer &
Dodge
(law firm) (1988-1990); Vice President
of
Corporate Affairs and General Counsel,
Filene’s
(retail) (1978-1988); Directorships:
Trustee
and former Chairman of the Board,
Southwest
Florida Community Foundation
(charitable
organization); Former
Directorships:
ICI Mutual Insurance
Company
(2007-2015); Sun Capital Advisers
Trust
(mutual funds) (2007-2012); Investment
Company
Institute (audit, executive,
nominating
committees) and Independent
Directors
Council (governance, executive
committees) |
69 |
- |
Richard
J. Herring (1946)
Board
Member since 1990 |
Jacob
Safra Professor of International
Banking
and Professor of Finance, The
Wharton
School, University of Pennsylvania
(since
July 1972); formerly: Director, The
Wharton
Financial Institutions Center (1994-
2020);
Vice Dean and Director, Wharton
Undergraduate
Division (1995-2000) and
Director,
The Lauder Institute of International
Management
Studies (2000-2006); Member
FDIC
Systemic Risk Advisory Committee
since
2011, member Systemic Risk Council
since
2012 and member of the Advisory
Board
of the Yale Program on Financial
Stability
since 2013; Former Directorships:
Co-Chair
of the Shadow Financial Regulatory
Committee
(2003-2015), Executive Director
of
The Financial Economists Roundtable
(2008-2015),
Director of The Thai Capital
Fund
(2007-2013), Director of The Aberdeen
Singapore
Fund (2007-2018), Director, The
Aberdeen
Japan Fund (2007-2021) and
Nonexecutive
Director of Barclays Bank DE
(2010-2018) |
69 |
- |
Chad
D. Perry (1972) Board
Member
or Advisory Board
Member
since 2021(3) |
Executive
Vice President, General Counsel
and
Secretary, Tanger Factory Outlet
Centers,
Inc.(2)
(since 2011); formerly
Executive
Vice President and Deputy General
Counsel,
LPL Financial Holdings Inc.(2)(2006-
2011);
Senior Corporate Counsel, EMC
Corporation
(2005-2006); Associate, Ropes &
Gray
LLP (1997-2005) |
21(4) |
Director,
Great Elm Capital
Corp.
(business development
company)
(since 2022) |
Name, Year
of Birth,
Position
with the
Trust/Corporation
and Length
of Time
Served(1) |
Business
Experience and
Directorships
During the Past 5 Years |
Number
of
Funds in
DWS
Fund
Complex
Overseen |
Other
Directorships
Held by
Board Member/
Advisory
Board Member |
Rebecca
W. Rimel (1951)
Board
Member since 1995 |
Director,
The Bridgespan Group (nonprofit
organization)
(since October 2020); formerly:
Executive
Vice President, The Glenmede
Trust
Company (investment trust and wealth
management)
(1983-2004); Board Member,
Investor
Education (charitable organization)
(2004-2005);
Former Directorships: Trustee,
Executive
Committee, Philadelphia Chamber
of
Commerce (2001-2007); Director, Viasys
Health
Care(2)
(January 2007-June 2007);
Trustee,
Thomas Jefferson Foundation
(charitable
organization) (1994-2012);
President,
Chief Executive Officer and
Director
(1994-2020) and Senior Advisor
(2020-2021),
The Pew Charitable Trusts
(charitable
organization); Director,
BioTelemetry
Inc.(2)
(acquired by Royal
Philips
in 2021) (healthcare) (2009-2021);
Director,
Becton Dickinson and Company(2)
(medical
technology company) (2012-2022) |
69 |
- |
Catherine
Schrand (1964)
Board
Member since 2021( |
Celia
Z. Moh Professor of Accounting (since
2016)
and Professor of Accounting (since
1994),
The Wharton School, University of
Pennsylvania;
formerly Vice Dean, Wharton
Doctoral
Programs (2016-2019) |
69 |
- |
William
N. Searcy, Jr. (1946)
Board
Member since 1993 |
Private
investor since October 2003;
formerly:
Pension & Savings Trust Officer,
Sprint
Corporation(2)
(telecommunications)
(November
1989-September 2003); Former
Directorships:
Trustee, Sun Capital Advisers
Trust
(mutual funds) (1998-2012) |
69 |
- |
Name, Year
of Birth, Position
with the
Trust/Corporation
and Length
of Time Served(6)
|
Business
Experience and Directorships During the Past 5
Years |
Hepsen
Uzcan(7)
(1974)
President
and Chief Executive
Officer,
2017-present |
Fund
Administration (Head since 2017), DWS; Secretary, DWS USA Corporation
(2018-
present);
Assistant Secretary, DWS Distributors, Inc.(2018-present); Director and
Vice
President,
DWS Service Company (2018-present); Assistant Secretary, DWS
Investment
Management Americas, Inc. (2018-present); Director and President, DB
Investment
Managers, Inc. (2018-present); President and Chief Executive Officer, The
European
Equity Fund, Inc., The New Germany Fund, Inc. and The Central and Eastern
Europe
Fund, Inc. (2017-present); formerly: Vice President for the Deutsche funds
(2016-2017);
Assistant Secretary for the DWS funds (2013-2019); Assistant Secretary,
The
European Equity Fund, Inc., The New Germany Fund, Inc. and The Central and
Eastern
Europe Fund, Inc. (2013-2020); Directorships: Interested Director, The
European
Equity Fund, Inc., The New Germany Fund, Inc. and The Central and Eastern
Europe
Fund, Inc. (since June 25, 2020); ICI Mutual Insurance Company (since
October
16,
2020); and Episcopalian Charities of New York
(2018-present) |
John
Millette(8)
(1962)
Vice
President and Secretary,
1999-present |
Legal
(Associate General Counsel), DWS; Chief Legal Officer, DWS Investment
Management
Americas, Inc. (2015-present); Director and Vice President, DWS Trust
Company
(2016-present); Secretary, DBX ETF Trust (2020-present); Vice President,
DBX
Advisors
LLC (2021-present); Secretary, The European Equity Fund, Inc., The New
Germany
Fund, Inc. and The Central and Eastern Europe Fund, Inc. (2011-present);
formerly:
Secretary, Deutsche Investment Management Americas Inc. (2015-2017);
and
Assistant Secretary, DBX ETF Trust
(2019-2020). |
Name, Year
of Birth, Position
with the
Trust/Corporation
and Length
of Time Served(6) |
Business
Experience and Directorships During the Past 5
Years |
Ciara
Crawford(9)(1984)
Assistant
Secretary, since
February
8, 2019 |
Fund
Administration (Specialist), DWS (2015-present); formerly, Legal Assistant
at
Accelerated
Tax Solutions |
Diane
Kenneally(8)
(1966)
Chief
Financial Officer and
Treasurer,
2018 – present |
Fund
Administration Treasurer’s Office (Co-Head since 2018), DWS; Treasurer,
Chief
Financial
Officer and Controller, DBX ETF Trust (2019-present); Treasurer and Chief
Financial
Officer, The European Equity Fund, Inc., The New Germany Fund, Inc. and
The
Central
and Eastern Europe Fund, Inc. (2018-present); formerly: Assistant
Treasurer for
the
DWS funds (2007-2018) |
Paul
Antosca(8)(1957)
Assistant
Treasurer, 2007-
present |
Fund
Administration Tax (Head), DWS; Assistant Treasurer, DBX ETF Trust
(2019-
present) |
Sheila
Cadogan(8)(1966)
Assistant
Treasurer, 2017-
present |
Fund
Administration Treasurer’s Office (Co-Head since 2018), DWS; Director and
Vice
President,
DWS Trust Company (2018-present); Assistant Treasurer, DBX ETF Trust
(2019-present);
Assistant Treasurer, The European Equity Fund, Inc., The New Germany
Fund,
Inc. and The Central and Eastern Europe Fund, Inc.
(2018-present) |
Scott
D. Hogan(8)
(1970)
Chief
Compliance Officer,
2016-present |
Anti-Financial
Crime & Compliance US (Senior Team Lead), DWS; Chief Compliance
Officer,
The European Equity Fund, Inc., The New Germany Fund, Inc. and The Central
and
Eastern Europe Fund, Inc. (2016-present) |
Caroline
Pearson(8)
(1962)
Chief
Legal Officer, 2010-
present |
Legal
(Senior Team Lead), DWS; Assistant Secretary, DBX ETF Trust
(2020-present);
Chief
Legal Officer, DBX Advisors LLC (2020-present); Chief Legal Officer, The
European
Equity Fund, Inc., The New Germany Fund, Inc. and The Central and Eastern
Europe
Fund, Inc. (2012-present); formerly: Secretary, Deutsche AM Distributors,
Inc.
(2002-2017);
Secretary, Deutsche AM Service Company (2010-2017); and Chief Legal
Officer,
DBX Strategic Advisors LLC (2020-2021) |
Christian
Rijs(7)
(1980)
Anti-Money
Laundering
Compliance
Officer, since
October
6, 2021 |
Senior
Team Lead Anti-Financial Crime and Compliance, DWS; AML Officer, DWS Trust
Company
(since November 2, 2021); AML Officer, DBX ETF Trust (since October 21,
2021);
AML Officer, The European Equity Fund, Inc., The New Germany Fund, Inc.
and
The
Central and Eastern Europe Fund, Inc. (since November 12, 2021); formerly:
DWS
UK
& Ireland Head of Anti-Financial Crime and
MLRO |
Hepsen
Uzcan: |
Assistant
Secretary |
Christian
Rijs: |
Anti-Money
Laundering Compliance
Officer |
Fund
Name |
Management
Fee Rate |
Tax-Free
Income Funds |
|
DWS
California Tax-Free Income Fund |
First
$250 million 0.400%
Next
$750 million 0.370%
Next
$1.5 billion 0.350%
Next
$2.5 billion 0.330%
Next
$2.5 billion 0.300%
Next
$2.5 billion 0.280%
Next
$2.5 billion 0.260%
Thereafter
0.250% |
DWS
Intermediate Tax-Free Fund |
0.315% |
DWS
Managed Municipal Bond Fund |
First
$250 million 0.365%
Next
$750 million 0.345%
Next
$1.5 billion 0.325%
Next
$2.5 billion 0.315%
Next
$2.5 billion 0.295%
Next
$2.5 billion 0.275%
Next
$2.5 billion 0.255%
Thereafter
0.235% |
DWS
Massachusetts Tax-Free Fund |
First
$250 million 0.400%
Next
$750 million 0.370%
Next
$1.5 billion 0.350%
Next
$2.5 billion 0.330%
Next
$2.5 billion 0.300%
Next
$2.5 billion 0.280%
Next
$2.5 billion 0.260%
Thereafter
0.250% |
DWS
New York Tax-Free Income Fund |
First
$250 million 0.400%
Next
$750 million 0.370%
Next
$1.5 billion 0.350%
Next
$2.5 billion 0.330%
Next
$2.5 billion 0.300%
Next
$2.5 billion 0.280%
Next
$2.5 billion 0.260%
Thereafter
0.250% |
DWS
Short-Term Municipal Bond Fund |
First
$500 million 0.300%
Next
$500 million 0.285%
Next
$1.0 billion 0.270%
Thereafter
0.255% |
DWS
Strategic High Yield Tax-Free Fund |
First
$300 million 0.455%
Next
$200 million 0.405%
Next
$500 million 0.380%
Next
$500 million 0.360%
Next
$500 million 0.350%
Thereafter
0.340% |
Fund
Name |
Management
Fee Rate |
Taxable
Fixed-Income Funds |
|
DWS
Emerging Markets Fixed Income Fund |
0.590% |
DWS
ESG Global Bond Fund |
0.31% |
DWS
Floating Rate Fund |
First
$1.0 billion 0.550%
Next
$1.5 billion 0.535%
Next
$2.5 billion 0.510%
Next
$2.5 billion 0.485%
Next
$2.5 billion 0.460%
Thereafter
0.450% |
DWS
Global High Income Fund |
0.40% |
DWS
GNMA Fund |
First
$1 billion 0.315%
Next
$1.5 billion 0.310%
Next
$2.5 billion 0.300%
Next
$2.5 billion 0.280%
Next
$2.5 billion 0.260%
Next
$2.5 billion 0.240%
Thereafter
0.220% |
DWS
High Income Fund |
First
$250 million 0.480%
Next
$750 million 0.450%
Next
$1.5 billion 0.430%
Next
$2.5 billion 0.410%
Next
$2.5 billion 0.380%
Next
$2.5 billion 0.360%
Next
$2.5 billion 0.340%
Thereafter
0.320% |
DWS
Short Duration Fund |
First
$1.5 billion 0.365%
Next
$500 million 0.340%
Next
$1.0 billion 0.315%
Next
$1.0 billion 0.300%
Next
$1.0 billion 0.285%
Next
$1.0 billion 0.270%
Thereafter
0.255% |
DWS
Total Return Bond Fund |
First
$1.5 billion 0.400%
Next
$1.75 billion 0.385%
Next
$1.75 billion 0.370%
Next
$2.5 billion 0.355%
Next
$2.5 billion 0.345%
Next
$2.5 billion 0.325%
Thereafter
0.315% |
Asset
Allocation Funds |
|
DWS
Global Income Builder Fund |
First
$1.5 billion 0.370%
Next
$500 million 0.345%
Next
$1.5 billion 0.310%
Next
$2.0 billion 0.300%
Next
$2.0 billion 0.290%
Next
$2.5 billion 0.280%
Next
$2.5 billion 0.270%
Thereafter
0.260% |
Fund
Name |
Management
Fee Rate |
DWS
Multi-Asset Conservative Allocation
Fund |
(a)
0.100% of the Fund’s
average
daily net assets
invested
in exchange
traded
funds and mutual
funds;
and (b) 0.550% of
the
Fund’s average daily
net
assets not covered in
(a)
above(1)
|
DWS
Multi-Asset Moderate Allocation Fund |
(a)
0.100% of the Fund’s
average
daily net assets
invested
in exchange
traded
funds and mutual
funds;
and (b) 0.550% of
the
Fund’s average daily
net
assets not covered in
(a)
above(1)
|
Real
Assets Funds |
|
DWS
Enhanced Commodity Strategy Fund |
First
$500 million 0.850%
Next
$500 million 0.800%
Next
$500 million 0.750%
Next
$1.0 billion 0.725%
Next
$1.0 billion 0.700%
Next
$1.5 billion 0.675%
Thereafter
0.650% |
DWS
RREEF Global Infrastructure Fund |
First
$1.0 billion 0.900%
Next
$1.0 billion 0.875%
Next
$2.0 billion 0.825%
Next
$2.0 billion 0.775%
Thereafter
0.750% |
DWS
RREEF Global Real Estate Securities
Fund |
First
$1.0 billion 0.700%
Thereafter
0.675% |
DWS
RREEF Real Assets Fund |
First
$500 million 0.800%
Next
$1.5 billion 0.785%
Next
$1.5 billion 0.775%
Next
$3.0 billion 0.750%
Thereafter
0.725% |
DWS
RREEF Real Estate Securities Fund |
First
$100 million 0.565%
Next
$100 million 0.465%
Next
$100 million 0.415%
Thereafter
0.365% |
US Equity
Funds |
|
DWS
Capital Growth Fund |
First
$250 million 0.495%
Next
$750 million 0.465%
Next
$1.5 billion 0.445%
Next
$2.5 billion 0.425%
Next
$2.5 billion 0.395%
Next
$2.5 billion 0.375%
Next
$2.5 billion 0.355%
Thereafter
0.335% |
Fund
Name |
Management
Fee Rate |
DWS
Communications Fund |
First
$100 million 1.000%
Next
$100 million 0.900%
Next
$100 million 0.850%
Next
$200 million 0.800%
Next
$500 million 0.730%
Next
$500 million 0.680%
Thereafter
0.650% |
DWS
Core Equity Fund |
First
$250 million 0.365%
Next
$750 million 0.360%
Next
$1.5 billion 0.355%
Next
$5.0 billion 0.345%
Next
$5.0 billion 0.335%
Next
$5.0 billion 0.325%
Thereafter
0.300% |
DWS
CROCI®
Equity
Dividend Fund |
First
$250 million 0.630%
Next
$750 million 0.600%
Next
$1.5 billion 0.580%
Next
$2.5 billion 0.560%
Next
$2.5 billion 0.530%
Next
$2.5 billion 0.520%
Next
$2.5 billion 0.510%
Thereafter
0.500%(2)
|
DWS
CROCI®
U.S.
Fund |
First
$1.5 billion 0.425%
Next
$500 million 0.400%
Next
$1.0 billion 0.375%
Next
$1.0 billion 0.350%
Next
$1.0 billion 0.325%
Thereafter
0.300% |
DWS
Equity Sector Strategy Fund |
(a)
0.100% of the Fund’s
average
daily net assets
invested
in exchange
traded
funds and mutual
funds;
and (b) 0.300% of
the
Fund’s average daily
net
assets not covered in
(a)
above(1)
|
DWS
ESG Core Equity Fund |
First
$250 million 0.465%
Next
$750 million 0.460%
Next
$1.5 billion 0.455%
Next
$5 billion 0.445%
Next
$5 billion 0.435%
Next
$5 billion 0.425%
Thereafter
0.400%(2)
|
DWS
Health and Wellness Fund |
First
$500 million 0.765%
Thereafter
0.715% |
DWS
Large Cap Focus Growth Fund |
First
$1.5 billion 0.615%
Next
$500 million 0.565%
Thereafter
0.515% |
Fund
Name |
Management
Fee Rate |
DWS
Science and Technology Fund |
First
$250 million 0.480%
Next
$750 million 0.450%
Next
$1.5 billion 0.430%
Next
$2.5 billion 0.410%
Next
$2.5 billion 0.380%
Next
$2.5 billion 0.360%
Next
$2.5 billion 0.340%
Thereafter
0.320% |
DWS
Small Cap Core Fund |
First
$250 million 0.650%
Next
$250 million 0.620%
Next
$500 million 0.615%
Next
$4.0 billion 0.565%
Next
$2.5 billion 0.550%
Next
$2.5 billion 0.540%
Next
$2.5 billion 0.530%
Thereafter
0.520%(2)
|
DWS
Small Cap Growth Fund |
First
$500 million 0.650%
Next
$1 billion 0.600%
Next
$2.5 billion 0.550%
Next
$2.5 billion 0.540%
Next
$2.5 billion 0.530%
Next
$2.5 billion 0.520%
Thereafter
0.510% |
Index-Related
Funds |
|
Deutsche
DWS Equity 500 Index Portfolio |
0.050% |
DWS
Equity 500 Index Fund |
0.000%(3)
|
DWS
S&P 500 Index Fund |
0.000%(3)
|
International/Global
Equity Funds |
|
DWS
CROCI®
International Fund |
First
$2.5 billion 0.565%
Next
$2.5 billion 0.545%
Next
$5.0 billion 0.525%
Next
$5.0 billion 0.515%
Thereafter
0.465% |
DWS
Emerging Markets Equity Fund |
0.700% |
DWS
ESG International Core Equity Fund |
0.450% |
DWS
Global Macro Fund |
First
$2.5 billion 0.600%
Next
$2.5 billion 0.595%
Next
$2.5 billion 0.565%
Next
$2.5 billion 0.555%
Next
$2.5 billion 0.545%
Thereafter
0.535% |
DWS
Global Small Cap Fund |
0.80% |
DWS
International Growth Fund |
0.62% |
DWS
Latin America Equity Fund |
First
$400 million 1.000%
Next
$400 million 0.900%
Thereafter
0.800% |
Insurance/Annuity
Funds |
|
Fund
Name |
Management
Fee Rate |
DWS
Alternative Asset Allocation VIP |
(a)
0.100% of the fund’s
average
daily net assets
invested
in exchange-
traded
funds and mutual
funds;
and (b) 1.00% of
the
fund’s average daily
net
assets not covered in
(a)
above(1)
|
DWS
Capital Growth VIP |
First
$250 million 0.390%
Next
$750 million 0.365%
Thereafter
0.340% |
DWS
Core Equity VIP |
First
$250 million 0.390%
Next
$750 million 0.365%
Thereafter
0.340% |
DWS
CROCI®
International VIP |
First
$500 million 0.650%
Thereafter
0.600% |
DWS
CROCI®
U.S.
VIP |
First
$250 million 0.600%
Next
$750 million 0.575%
Next
$1.5 billion 0.550%
Next
$2.5 billion 0.525%
Next
$2.5 billion 0.500%
Next
$2.5 billion 0.475%
Next
$2.5 billion 0.450%
Thereafter
0.425% |
DWS
Equity 500 Index VIP |
First
$1 billion 0.150%
Next
$1 billion 0.125%
Thereafter
0.100% |
DWS
Global Income Builder VIP |
First
$250 million 0.370%
Next
$750 million 0.345%
Thereafter
0.310% |
DWS
Global Small Cap VIP |
0.80% |
DWS
High Income VIP |
First
$250 million 0.500%
Next
$750 million 0.470%
Next
$1.5 billion 0.450%
Next
$2.5 billion 0.430%
Next
$2.5 billion 0.400%
Next
$2.5 billion 0.380%
Next
$2.5 billion 0.360%
Thereafter
0.340% |
DWS
Government Money Market VIP |
First
$500 million 0.235%
Next
$500 million 0.220%
Next
$1.0 billion 0.205%
Thereafter
0.190% |
DWS
International Growth VIP |
0.62% |
DWS
Small Cap Index VIP |
0.28% |
DWS
Small Mid Cap Growth VIP |
First
$250 million 0.550%
Next
$750 million 0.525%
Thereafter
0.500% |
Fund
Name |
Management
Fee Rate |
DWS
Small Mid Cap Value VIP |
First
$250 million 0.650%
Next
$750 million 0.620%
Next
$1.5 billion 0.600%
Next
$2.5 billion 0.580%
Next
$2.5 billion 0.550%
Next
$2.5 billion 0.540%
Next
$2.5 billion 0.530%
Thereafter
0.520% |
Money
Market Funds |
|
Cash
Account Trust – DWS Government &
Agency
Securities Portfolio |
First
$500 million 0.120%
Next
$500 million 0.100%
Next
$1.0 billion 0.075%
Next
$1.0 billion 0.060%
Thereafter
0.050%(4)
|
Cash
Account Trust – DWS Tax-Exempt
Portfolio |
First
$500 million 0.120%
Next
$500 million 0.100%
Next
$1.0 billion 0.075%
Next
$1.0 billion 0.060%
Thereafter
0.050%(4)
|
DWS
ESG Liquidity Fund |
First
$1.0 billion 0.1500%
Next
$3.0 billion 0.1325%
Thereafter
0.1200% |
DWS
Government Money Market Series |
0.000%(5)
|
DWS
Money Market Prime Series |
First
$215 million 0.400%
Next
$335 million 0.275%
Next
$250 million 0.200%
Next
$800 million 0.150%
Next
$800 million 0.140%
Next
$800 million 0.130%
Thereafter
0.120% |
Government
Cash Management Portfolio |
First
$3 billion 0.1200%
Next
$4.5 billion 0.1025%
Thereafter
0.0900% |
Investors
Cash Trust – DWS Treasury
Portfolio |
0.050% |
Fund
Name |
Subadvisor |
Subadvisor
Fee Rate |
Index-Related
Funds |
|
|
Deutsche
DWS Equity 500 Index Portfolio |
NTI |
First
$2.0 billion 0.015%
Next
$2.0 billion 0.010%
Thereafter
0.005% |
Insurance/Annuity
Funds |
|
|
DWS
Equity 500 Index VIP |
NTI |
First
$2.0 billion 0.015%
Next
$2.0 billion 0.010%
Thereafter
0.005% |
Fund
Name |
Subadvisor |
Subadvisor
Fee Rate |
DWS
Small Cap Index VIP |
NTI |
First
$100 million 0.080%
Next
$400 million 0.040%
Thereafter
0.020% |
International/Global
Equity Funds |
|
|
DWS
Latin America Equity Fund |
IUAM |
50%,
after the effect of
waivers,
of the
management
fee payable
to
DIMA pursuant to the
Investment
Management
Agreement,
as in effect
from
time to time |
Compensation
Schedule:
Retail Sales and DWS/Ascensus
403(b) Plan(1)
| |
Amount of
Shares Sold |
As a Percentage
of
Net Asset
Value |
$250,000
to $2,999,999 |
0.75%(2)
|
$250,000
to $49,999,999 |
0.50%(3)
0.75%(4)
|
$250,000
to $4,999,999 |
1.00%(5)
|
$5,000,000
to $9,999,999 |
0.55%(5)(8)
|
$1
million to $2,999,999 |
0.85%(6)
1.00%(7)
|
$1
million to $4,999,999 |
1.00%(8)
|
$3
million to $49,999,999 |
0.50%(9)
|
$10
million to $49,999,999 |
0.50%(5)(8)
|
$50
million and greater |
0.25%(10)
|
|
Sales
Charge | ||
Amount of
Purchase |
As a Percentage
of Offering
Price* |
As a Percentage
of
Net Asset
Value** |
Allowed to Dealers as
a
Percentage of Offering
Price |
Less
than $50,000 |
5.75% |
6.10% |
5.20% |
$50,000
but less than $100,000 |
4.50% |
4.71% |
4.00% |
$100,000
but less than $250,000 |
3.50% |
3.63% |
3.00% |
$250,000
but less than $500,000 |
2.60% |
2.67% |
2.25% |
$500,000
but less than $1 million |
2.00% |
2.04% |
1.75% |
$1
million and over |
.00*** |
.00*** |
.00**** |
|
Sales
Charge | ||
Amount of
Purchase |
As a Percentage
of Offering
Price* |
As a Percentage
of
Net Asset
Value** |
Allowed to Dealers as
a
Percentage of Offering
Price |
Less
than $50,000 |
5.75% |
6.10% |
5.20% |
$50,000
but less than $100,000 |
4.50% |
4.71% |
4.00% |
$100,000
but less than $250,000 |
3.50% |
3.63% |
3.00% |
$250,000
and over |
.00*** |
.00*** |
.00**** |
|
Sales
Charge | ||
Amount of
Purchase |
As a Percentage
of Offering
Price* |
As a Percentage
of
Net Asset
Value** |
Allowed to Dealers as
a
Percentage of Offering
Price |
Less
than $100,000 |
4.50% |
4.71% |
4.00% |
$100,000
but less than $250,000 |
3.50% |
3.63% |
3.00% |
$250,000
but less than $500,000 |
2.60% |
2.67% |
2.25% |
$500,000
but less than $1 million |
2.00% |
2.04% |
1.75% |
$1
million and over |
0.00*** |
0.00*** |
0.00**** |
|
Sales
Charge | ||
Amount of
Purchase |
As a Percentage
of Offering
Price* |
As a Percentage
of
Net Asset
Value** |
Allowed to Dealers as
a
Percentage of Offering
Price |
Less
than $100,000 |
2.75% |
2.83% |
2.25% |
$100,000
but less than $250,000 |
2.50% |
2.56% |
2.00% |
$250,000
and over |
0.00*** |
0.00*** |
0.00**** |
|
Sales
Charge | ||
Amount of
Purchase |
As a Percentage
of Offering
Price* |
As a Percentage
of
Net Asset
Value** |
Allowed to Dealers as
a
Percentage of Offering
Price |
Less
than $100,000 |
2.75% |
2.83% |
2.25% |
$100,000
but less than $250,000 |
2.25% |
2.30% |
1.75% |
$250,000
but less than $500,000 |
1.25% |
1.27% |
1.00% |
$500,000
but less than $1 million |
1.00% |
1.01% |
1.00% |
$1
million and over |
0.00*** |
0.00*** |
0.00**** |
|
Sales
Charge | ||
Amount of
Purchase |
As a Percentage
of Offering
Price* |
As a Percentage
of
Net Asset
Value** |
Allowed to Dealers as
a
Percentage of Offering
Price |
Less
than $100,000 |
2.75% |
2.83% |
2.25% |
$100,000
but less than $250,000 |
2.50% |
2.56% |
2.00% |
$250,000
and over |
0.00*** |
0.00*** |
0.00**** |
|
Sales
Charge | ||
Amount of
Purchase |
As a Percentage
of Offering
Price* |
As a Percentage
of
Net Asset
Value** |
Allowed to Dealers as
a
Percentage of Offering
Price |
Less
than $100,000 |
2.25% |
2.30% |
1.75% |
$100,000
but less than $250,000 |
1.75% |
1.78% |
1.25% |
$250,000
and over |
0.00*** |
0.00*** |
0.00**** |
Term |
Definition |
Committee |
Decision-making
forum established pursuant to the
“Committee
Governance Policy – Deutsche Bank
Group”
for a specific purpose and an unlimited period
of
time |
CUSIP |
Council
on Uniform Securities Identification
Procedures |
Employee |
Any
individual with an employment contract directly
with
a Legal Entity of DB Group |
ETF |
Exchange
Traded Funds |
Investment
Company Act |
Investment
Company Act of 1940 |
ISS |
Institutional
Shareholder Services, Inc. |
PVSC |
Proxy
Voting Sub-Committee |
Risk Type
Controller (RTC) |
Global
Head of a Risk Control Function; formally
representing
the respective Risk Control Function and
accountable
for designing, implementing and
maintaining
an effective risk type management /
control
and policy framework for all risk types within
their
mandate. |
RTC
Contact |
Individual(s)
authorised by the Risk Type Controller to
fulfil
tasks in relation to the respective RTC mandate
including
authorisation of other Units to issue a Policy
or
Procedure regulating the respective risk type |
SEC |
Securities
and Exchange Commission |
Unit |
Refers
to the organisational areas within DB Group,
such
as corporate divisions and infrastructure
functions,
as per the DB Business Allocation
Plan. |
|
BOARD OF
DIRECTORS |
|
Independence |
|
Composition |
|
Responsiveness |
|
Accountability |
|
Voting on
Director Nominees in Contested
Elections |
|
Vote-No
Campaigns |
|
Proxy
Contests/Proxy Access |
|
Other
Board Related Proposals |
|
Adopt
Anti-Hedging/Pledging/Speculative
Investments
Policy |
|
Board
Refreshment |
|
Term/Tenure
Limits |
|
Age
Limits |
|
Board
Size |
|
Classification/Declassification
of the Board |
|
CEO
Succession Planning |
|
Cumulative
Voting |
|
Director
and Officer Indemnification and Liability
Protection |
|
Establish/Amend
Nominee Qualifications |
|
Establish
Other Board Committee Proposals |
|
Filling
Vacancies/Removal of Directors |
|
Independent
Board Chair |
|
Majority
of Independent Directors/
Establishment
of Independent Committees |
|
Majority
Vote Standard for the Election of
Directors |
|
Proxy
Access |
|
Require
More Nominees than Open Seats |
|
Shareholder
Engagement Policy (Shareholder
Advisory
Committee) |
|
AUDIO-RELATED |
|
Auditor
Indemnification and Limitation of
Liability |
|
Auditor
Ratification |
|
Shareholder
Proposals Limiting Non-Audit
Services |
|
Shareholder
Proposals on Audit Firm
Rotation |
|
SHAREHOLDER
RIGHTS & DEFENCES |
|
Advance
Notice Requirements for
Shareholder
Proposals/Nominations |
|
Amend
Bylaws without Shareholder
Consent |
|
Control
Share Acquisition Provisions |
|
Control
Share Cash—Out Provisions |
|
Disgorgement
Provisions |
|
Fair Price
Provisions |
|
Freeze-Out
Provisions |
|
Greenmail |
|
Shareholder
Litigation Rights Federal Forum
Selection
Provisions |
|
Exclusive
Forum Provisions for State Law
Matters |
|
Fee
shifting |
|
Net
Operating Loss (NOL) Protective
Amendments |
|
Poison
Pills (Shareholder Rights Plans) |
|
Shareholder
Proposals to Put Pill to a Vote and/
or
Adopt a Pill Policy |
|
Management
Proposals to Ratify a Poison Pill |
|
Management
Proposals to Ratify a Pill to
Preserve
Net Operating Losses (NOLs) |
|
Proxy
Voting Disclosure, Confidentiality, and
Tabulation |
|
Ratification
Proposals: Management Proposals
to
Ratify Existing Charter or Bylaw Provisions |
|
Reimbursing
Proxy Solicitation Expenses |
|
Reincorporation
Proposals |
|
Shareholder
Ability to Act by Written Consent |
|
Shareholder
Ability to Call Special Meetings |
|
Stakeholder
Provisions |
|
State
Antitakeover Statutes |
|
Supermajority
Vote Requirements |
|
Virtual
Shareholder Meetings |
|
CAPITAL
RESTRUCTURING |
|
Capital |
|
Adjustments
to Par Value of Common Stock |
|
Common
Stock Authorization |
|
General
Authorization Requests |
|
Specific
Authorization Requests |
|
Dual
Class Structure |
|
Issue
Stock for Use with Rights Plan |
|
Preemptive
Rights |
|
Preferred
Stock Authorization |
|
General
Authorization Requests |
|
Specific
Authorization Requests |
|
Recapitalization
Plans |
|
Reverse
Stock Splits |
|
Share
Repurchase Programs |
|
Share
Repurchase Programs Shareholder
Proposals |
|
Stock
Distributions: Splits and Dividends |
|
Tracking
Stock |
|
Restructuring |
|
Appraisal
Rights |
|
Asset
Purchases |
|
Asset
Sales |
|
Bundled
Proposals |
|
Conversion
of Securities |
|
Corporate
Reorganization/Debt Restructuring/
Prepackaged
Bankruptcy Plans/Reverse
Leveraged
Buyouts/Wrap Plans |
|
Formation
of Holding Company |
|
Going
Private and Going Dark Transactions
(LBOs
and Minority Squeeze-outs) |
|
Joint
Ventures |
|
Liquidations |
|
Mergers
and Acquisitions |
|
Private
Placements/Warrants/Convertible
Debentures |
|
Reorganization/Restructuring
Plan (Bankruptcy) |
|
Special
Purpose Acquisition Corporations
(SPACs) |
|
Special
Purpose Acquisition Corporations
(SPACs)
- Proposals for Extensions |
|
Spin-offs |
|
Value
Maximization Shareholder Proposals |
|
COMPENSATION |
|
Executive
Pay Evaluation |
|
Advisory
Votes on Executive Compensation—
Management
Proposals (Say-on-Pay) |
|
Frequency
of Advisory Vote on Executive
Compensation
(“Say
When on Pay”) |
|
Voting
on Golden Parachutes in an Acquisition,
Merger,
Consolidation, or Proposed Sale |
|
Equity-Based
and Other Incentive Plans |
|
Further
Information on certain EPSC Factors: |
|
Egregious
Factors |
|
Liberal
Change in Control Definition |
|
Repricing
Provisions |
|
Problematic
Pay Practices or Significant Pay-for-
Performance
Disconnect |
|
Amending
Cash and Equity Plans (including
Approval
for Tax Deductibility (162(m)) |
|
Specific
Treatment of Certain Award Types in
Equity
Plan Evaluations |
|
Dividend
Equivalent Rights |
|
Operating
Partnership (OP) Units in Equity Plan
Analysis
of Real Estate Investment Trusts
(REITs) |
|
Other
Compensation Plans |
|
401(k)
Employee Benefit Plans |
|
Employee
Stock Ownership Plans (ESOPs) |
|
Employee
Stock Purchase Plans—Qualified
Plans |
|
Employee
Stock Purchase Plans—Non-Qualified
Plans |
|
Option
Exchange Programs/Repricing Options |
|
Stock
Plans in Lieu of Cash |
|
Transfer
Stock Option (TSO) Programs |
|
Director
Compensation |
|
Shareholder
Ratification of Director Pay
Programs |
|
Equity
Plans for Non-Employee Directors |
|
Non-Employee
Director Retirement Plans |
|
Shareholder
Proposals on Compensation |
|
Bonus
Banking/Bonus Banking “Plus” |
|
Compensation
Consultants—Disclosure of
Board
or Company’s Utilization |
|
Disclosure/Setting
Levels or Types of
Compensation
for Executives and Directors |
|
Golden
Coffins/Executive Death Benefits |
|
Hold
Equity Past Retirement or for a Significant
Period
of Time |
|
Pay
Disparity |
|
Pay
for Performance/Performance-Based
Awards |
|
Pay
for Superior Performance |
|
Pre-Arranged
Trading Plans (10b5-1 Plans) |
|
Prohibit
Outside CEOs from Serving on
Compensation
Committees |
|
Recoupment
of Incentive or Stock
Compensation
in Specified Circumstances |
|
Severance
Agreements for Executives/Golden
Parachutes |
|
Share
Buyback Impact on Incentive Program
Metrics |
|
Supplemental
Executive Retirement Plans
(SERPs) |
|
Tax
Gross-Up Proposals |
|
Termination
of Employment Prior to Severance
Payment/Eliminating
Accelerated Vesting of
Unvested
Equity |
|
ROUTINE /
MISCELLANEOUS |
|
Adjourn
Meeting |
|
Amend
Quorum Requirements |
|
Amend
Minor Bylaws |
|
Change
Company Name |
|
Change
Date, Time, or Location of Annual
Meeting |
|
Other
Business |
|
SOCIAL AND
ENVIRONMENTAL ISSUES |
|
General
Approach |
|
Endorsement
of Principles |
|
Animal
Welfare |
|
Animal
Welfare Policies |
|
Animal
Testing |
|
Animal
Slaughter |
|
Consumer
Issues |
|
Genetically
Modified Ingredients |
|
Reports
on Potentially Controversial Business/
Financial
Practices |
|
Pharmaceutical
Pricing, Access to Medicines,
and
Prescription Drug Reimportation |
|
Product
Safety and Toxic/Hazardous Materials |
|
Tobacco-Related
Proposals |
|
Climate
Change |
|
Climate
(SoC) Management Proposals |
|
Climate
(SoC) Shareholder
Proposals |
|
Climate
Change/Greenhouse Gas (GHG)
Emissions |
|
Energy
Efficiency |
|
Renewable
Energy |
|
Diversity |
|
Board
Diversity |
|
Equality
of Opportunity |
|
Gender
Identity, Sexual Orientation, and
Domestic
Partner Benefits |
|
Gender,
Race / Ethnicity Pay Gap |
|
Racial
Equity and/or Civil Rights Audit
Guidelines |
|
Environment
and Sustainability |
|
Facility
and Workplace Safety |
|
General
Environmental Proposals and
Community
Impact Assessments |
|
Hydraulic
Fracturing |
|
Operations
in Protected Areas |
|
Recycling |
|
Sustainability
Reporting |
|
Water
Issues |
|
General
Corporate Issues |
|
Charitable
Contributions |
|
Data
Security, Privacy, and Internet Issues |
|
Environmental,
Social, and Governance (ESG)
Compensation-Related
Proposals |
|
Human
Rights, Human Capital Management,
and
International Operations |
|
Human
Rights Proposals |
|
Mandatory
Arbitration |
|
Operations
in High Risk Markets |
|
Outsourcing/Offshoring |
|
Sexual
Harassment |
|
Weapons
and Military Sales |
|
Political
Activities |
|
Lobbying |
|
Political
Contributions |
|
Political
Ties |
|
REGISTERED
INVESTMENT COMPANY
PROXIES |
|
Election
of Directors |
|
Closed End
Fund - Unilateral Opt-In to
Control
Share Acquisition Statutes |
|
Converting
Closed-end Fund to Open-end
Fund |
|
Proxy
Contests |
|
Investment
Advisory Agreements |
|
Approving
New Classes or Series of Shares |
|
Preferred
Stock Proposals |
|
1940 Act
Policies |
|
Changing a
Fundamental Restriction to a
Nonfundamental
Restriction |
|
Change
Fundamental Investment Objective
to
Nonfundamental |
|
Name
Change Proposals |
|
Change in
Fund's Subclassification |
|
Business
Development Companies—
Authorization
to Sell Shares of Common
Stock at a
Price below Net Asset Value |
|
Disposition
of Assets/Termination/
Liquidation |
|
Changes to
the Charter Document |
|
Changing
the Domicile of a Fund |
|
Authorizing
the Board to Hire and Terminate
Subadvisers
Without Shareholder Approval |
|
Distribution
Agreements |
|
Master-Feeder
Structure |
|
Mergers |
|
Shareholder
Proposals for Mutual Funds |
|
Establish
Director Ownership Requirement |
|
Reimburse
Shareholder for Expenses Incurred |
|
Terminate
the Investment Advisor |
|
INTERNATIONAL
PROXY VOTING |
|
Appendix
I |