Dividend payment schedule

2021 dividend payment schedule - Open-end funds

This schedule is subject to change by the boards of trustees/directors of the funds.

Glossary Word X

Contents

Monthly	Daily declaring funds gain distributions
Quarterly	Daily declaring funds income distributions
Semi-annual & Annual	Daily declaring funds income distributions

Monthly: The dates below apply to all funds in this section.
Funds	Record dates	Ex-Div./ Reinvestment dates	Payment dates
DWS Total Return Bond Fund DWS ESG Global Bond Fund DWS Floating Rate Fund DWS GNMA Fund DWS High Income Fund	January 21	January 22	January 25
	February 18	February 19	February 22
	March 23	March 24	March 25
	April 22	April 23	April 26
	May 20	May 21	May 24
	June 22	June 23	June 24
	July 22	July 23	July 26
	August 23	August 24	August 25
	September 22	September 23	September 24
	October 21	October 22	October 25
	November 19	November 22	November 23
	December 7	December 8	December 9
Back to contents

Quarterly
Funds	Record dates	Ex-Div./ Reinvestment dates	Payment dates
DWS Emerging Markets Fixed Income Fund	March 23	March 24	March 25
	June 22	June 23	June 24
	September 22	September 23	September 24
	December 7	December 8	December 9
DWS Core Equity Fund DWS Global Income Builder Fund	March 23	March 24	March 25
	June 22	June 23	June 24
	September 22	September 23	September 24
	December 14	December 15	December 16
DWS Enhanced Commodity Strategy Fund	March 23	March 24	March 25
	June 22	June 23	June 24
	September 22***	September 23	September 24
	December 14	December 15	December 16
DWS Equity 500 Index Fund DWS S&P 500 Index Fund	March 23	March 24	March 25
	June 22**	June 23	June 24
	September 22	September 23	September 24
	December 14	December 15	December 16
DWS CROCI Equity Dividend Fund	March 23	March 24	March 25
	June 22*	June 23	June 24
	September 22	September 23	September 24
	December 14	December 15	December 16
DWS RREEF Global Infrastructure Fund DWS RREEF Real Estate Securities Fund	March 23	March 24	March 25
	June 22**	June 23	June 24
	September 22	September 23	September 24
	December 16	December 17	December 20
DWS Multi-Asset Conservative Allocation Fund	March 29	March 30	March 31
	June 28	June 29	June 30
	September 28	September 29	September 30
	December 29	December 30	December 31
DWS Global Macro Fund	March 23	March 24	March 25
	June 22	June 23	June 24
	September 22	September 23	September 24
	December 22	December 23	December 27
* Includes undistributed income and gains (if any) from 11/30/20 and 12/31/20 year ends. Includes undistributed income and gains (if any) from 12/31/20, 1/31/21 and 3/31/31 year ends. * Includes undistributed income and gains (if any) from 6/30/21 year end.
Back to contents

Semi-annual and Annual
Funds	Record dates	Ex-Div./ Reinvestment dates	Payment dates
DWS RREEF Real Assets Fund	June 22**	June 23	June 24
DWS RREEF Real Assets Fund	December 16	December 17	December 20
DWS Communications Fund	March 23*	March 24	March 25
DWS Communications Fund	December 16	December 17	December 20
DWS CROCI U.S. Fund	December 14	December 15	December 16
DWS ESG Core Equity Fund	March 23*	March 24	March 25
DWS ESG Core Equity Fund	December 16	December 17	December 20
DWS Capital Growth Fund DWS Health and Wellness Fund DWS Large Cap Focus Growth Fund DWS Small Cap Growth Fund DWS Science and Technology Fund	December 10	December 13	December 14
DWS Emerging Markets Equity Fund DWS ESG International Core Equity Fund DWS International Growth Fund DWS Global Small Cap Fund DWS CROCI International Fund DWS Latin America Equity Fund	December 22	December 23	December 27
DWS Multi-Asset Growth Allocation Fund DWS Multi-Asset Moderate Allocation Fund	December 29	December 30	December 31
DWS Small Cap Core Fund	December 16	December 17	December 20
DWS RREEF Global Real Estate Securities Fund	June 22**	June 23	June 24
DWS RREEF Global Real Estate Securities Fund	December 16	December 17	December 20
** Includes undistributed income and gains (if any) from 12/31/20, 1/31/21, and 3/31/21 year ends.
Back to contents

Daily declaring funds gain distributions
Funds	Record dates	Ex-Div./ Reinvestment dates	Payment dates
DWS Global High Income Fund DWS Short Duration Fund	December 7	December 8	December 9
DWS Massachusetts Tax-Free Fund (gains)	June22** December 2	June 23 December 3	June 24 December 4
DWS Califoria Tax-Free Income Fund DWS New York Tax-Free Income Fund DWS Strategic High Yield Tax-Free Fund DWS Intermediate Tax-Free Fund DWS Managed Municipal Bond Fund DWS Short-Term Municipal Bond Fund	December 2	December 3	December 6
Back to contents

Daily declaring funds income distributions

Funds	Payment/Reinvest date	Comment
DWS Global High Income Fund DWS Short Duration Fund	January 27 February 24 March 25 April 24 May 22 June 24 July 27 August 25 September 24 October 26 November 23 December 31 (tentative)	Daily dividends for each month are paid on the fifth business day prior to month end. For the final December payment, the Board is expected to change the payment date to the last business day of the year to align the dividends paid with those reported on 2019 shareholder tax forms.
Back to contents

Daily declaring funds income distributions
Funds	Payment/Reinvest date	Comment
DWS California Tax-Free Income Fund DWS Intermediate Tax-Free Fund DWS Managed Municipal Bond Fund DWS Massachusetts Tax-Free Fund DWS New York Tax-Free Income Fund DWS Short Term Municipal Bond Fund DWS Strategic High Yield Tax-Free Fund	January 25 February 22 March 25 April 26 May 24 June 24 July 26 August 25 September 24 October 25 November 23 December 27	Daily dividends for each month are paid on the fifth business day prior to month end.
* Includes undistributed income and gains (if any) from 11/30/20 and 12/31/20 year ends. Includes undistributed income and gains (if any) from 12/31/20, 1/31/21, and 3/31/21 year ends. * Includes undistributed income and gains (if any) from 6/30/21 year end.
Back to contents

THIS DIVIDEND SCHEDULE IS SUBJECT TO CHANGE AT THE DISCRETION OF THE FUNDS' BOARDS AND DWS INVESTMENT AMERICAS, INC. THE SCHEDULE DOES NOT INCLUDE DIVIDENDS THAT ARE DECLARED DAILY AND PAID MONTHLY.

This website is intended to be a general communication and is provided for informational and/or educational purposes only. None of the content should be viewed as a suggestion that you take or refrain from taking any action nor as a recommendation for any specific investment product, strategy, plan feature or other such purpose. Your use of this website indicates that you agree with the intended purpose. Prior to making any investment or financial decision, you should seek individualized advice from a personal financial, tax, and other professionals who are able to provide advice in the context of your particular financial situation.

Risk Considerations
Investments in mutual funds involve risk. Stocks may decline in value. Bond investments are subject to interest-rate, credit, liquidity and market risks to varying degrees. Credit risk refers to the ability of an issuer to make timely payments of principal and interest. Investing in derivatives entails special risks relating to liquidity, leverage and credit that may reduce returns and/or increase volatility. Investing in foreign securities, particularly those of emerging markets, presents certain risks, such as currency fluctuations, political and economic changes, and market risks. There are additional risks associated with investing in commodities, high-yield bonds, aggressive growth stocks, non-diversified/concentrated funds and small- and mid-cap stocks which are more fully explained in the prospectuses. Please read the prospectus for more information.

Read the Prospectus
To obtain a summary prospectus, if available, or prospectus, talk to your financial representative, contact us, or download the following, Mutual funds, Money market funds, Variable insurance portfolios. We advise you to carefully consider the product's objectives, risks, charges and expenses before investing. The summary prospectus and prospectus contains this and other important information about the investment product. Please read the summary prospectus and prospectus carefully before you invest.

NO BANK GUARANTEE | NOT FDIC INSURED | MAY LOSE VALUE
This site is intended for U.S. investors only.

The brand DWS represents DWS Group GmbH & Co. KGaA and any of its subsidiaries, such as DWS Distributors, Inc., which offers investment products, or DWS Investment Management Americas, Inc. and RREEF America L.L.C., which offer advisory services.

Glossary Word X

* Includes undistributed income and gains (if any) from 11/30/20 and 12/31/20 year ends.
Includes undistributed income and gains (if any) from 12/31/20, 1/31/21 and 3/31/31 year ends.
* Includes undistributed income and gains (if any) from 6/30/21 year end.

** Includes undistributed income and gains (if any) from 12/31/20, 1/31/21, and 3/31/21 year ends.

* Includes undistributed income and gains (if any) from 11/30/20 and 12/31/20 year ends.
Includes undistributed income and gains (if any) from 12/31/20, 1/31/21, and 3/31/21 year ends.
* Includes undistributed income and gains (if any) from 6/30/21 year end.

Quick access

Get in touch

We can help.

Add to your brokerage account?

Login

Disclaimer

Set up email address

Verify email address

Trouble logging in?

Forgot Password

Reset Password

Validation link expired

Update UserID

UserID updated

Logout

Logged Out

Glossary Word X

* Includes undistributed income and gains (if any) from 11/30/20 and 12/31/20 year ends. ** Includes undistributed income and gains (if any) from 12/31/20, 1/31/21 and 3/31/31 year ends. *** Includes undistributed income and gains (if any) from 6/30/21 year end.

** Includes undistributed income and gains (if any) from 12/31/20, 1/31/21, and 3/31/21 year ends.

* Includes undistributed income and gains (if any) from 11/30/20 and 12/31/20 year ends. ** Includes undistributed income and gains (if any) from 12/31/20, 1/31/21, and 3/31/21 year ends. *** Includes undistributed income and gains (if any) from 6/30/21 year end.

Quick access

Get in touch

We can help.

Add to your brokerage account?

Share Link

* Includes undistributed income and gains (if any) from 11/30/20 and 12/31/20 year ends.
Includes undistributed income and gains (if any) from 12/31/20, 1/31/21 and 3/31/31 year ends.
* Includes undistributed income and gains (if any) from 6/30/21 year end.

* Includes undistributed income and gains (if any) from 11/30/20 and 12/31/20 year ends.
Includes undistributed income and gains (if any) from 12/31/20, 1/31/21, and 3/31/21 year ends.
* Includes undistributed income and gains (if any) from 6/30/21 year end.