Privacy Notice

Why does DWS collect personal information?

Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share and protect your personal information. Please read this notice carefully to understand what we do.

What personal information does DWS collect?

The types of personal information we collect and share depend on the product or service you have with us.  This information can include:

— Social Security number

— Income

— Account balances

— Transaction history

— Purchase history

— Payment history

— Credit history

— Contact information such as mailing address, e-mail address and telephone number

When you are no longer our customer, we will continue to limit the sharing of your personal information as described in this notice.

How does DWS collect personal information

All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information, the reasons DWS chooses to share and whether you can limit this sharing.


Reasons we can share your personal information

Does DWS share?

Can you limit this sharing?

For our everyday business purposes – such as to process your transactions, maintain your account(s), respond to court orders or legal investigations, or report to credit bureaus



For our marketing purposes – to offer our products and services to you



For joint marketing with other financial companies


We don’t share

For our affiliates’ everyday business purposes –

information about your transactions and experiences



For our affiliates’ everyday business purposes –

information about your creditworthiness


We don’t share

For non-affiliates to market to you


We don’t share


What personal information does DWS collect?

For mutual fund customers, call (800) 728-3337 or e-mail us at  If we serve you through an investment professional or representative, please contact them directly.

Who we are

Who is providing this notice?

All DWS US legal entities such as corporations, trust companies and holding companies which include products and services. For greater detail, see “Other Important Information” in this Privacy Notice.

This Privacy Notice comes from whichever entity maintains your account and/or provides you with a product or service.


What we do

How does DWS protect my personal information?

To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.

How does DWS collect my personal information?

We collect your personal information, for example, when you

—    open an account

—    give us your contact information

—    provide bank account information for ACH or wire transactions

—    tell us where to send money

—    seek advice about your investments

Why can’t I limit all sharing?

Federal law gives you the right to limit only

—    sharing for affiliates’ everyday business purposes – information about your creditworthiness

—    affiliates from using your information to market to you

—    sharing for non-affiliates to market to you


State laws and individual companies may give you additional rights to limit sharing.




Companies related by common ownership or control. They can be financial or non-financial companies. Our affiliates include financial companies with the DWS or Deutsche Bank (“DB”) name, such as DB AG Frankfurt.


Companies not related by common ownership or control. They can be financial and non-financial companies.

Non-affiliates we share with include account service providers, service quality monitoring services, mailing service providers and verification services to help in the fight against money laundering and fraud.

Joint marketing

A formal agreement between non-affiliated financial companies that together market financial products or services to you. DWS does not jointly market.


Other Important Information

DWS comprises the following entities in the US (we may update this list from time to time): DWS Distributors, Inc.; DWS Investment Management Americas, Inc. (includes any private funds and separately managed accounts advised by DWS); the DWS Fund (includes all funds under Cash Account Trust, Deutsche DWS Asset Allocation Trust, Deutsche DWS Equity 500 Index Portfolio, Deutsche DWS Global / International Fund, Inc., Deutsche DWS Income Trust, Deutsche DWS Institutional Funds, Deutsche DWS International Fund, Inc., Deutsche DWS Investment Trust, Deutsche DWS Investments VIT Funds, Deutsche DWS Market Trust, Deutsche DWS Money Funds, Deutsche DWS Money Market Trust, Deutsche DWS Municipal Trust, Deutsche DWS Portfolio Trust, Deutsche DWS Securities Trust, Deutsche DWS State Tax-Free Income Series, Deutsche DWS Tax Free Trust, Deutsche DWS Variable Series I, Deutsche DWS Variable Series II, DWS Municipal Income Trust, DWS Strategic Municipal Income Trust, Government Cash Management Portfolio, and Investors Cash Trust); DBX Advisors LLC; DBX ETF Funds (includes all funds under DBX ETF Trust and includes all Xtracker Funds);  DWS Trust Company; Deutsche Cayman Ltd.; RoPro U.S. Holding, Inc.; Germany Funds (includes The European Equity Fund, Inc., The New Germany Fund, Inc., The Central and Eastern Europe Fund, Inc.); DB Commodity Services LLC; RREEF America L.L.C.; RREEF Property Trust, Inc.; RREEF Management L.L.C.; RREEF DCH, L.L.C.; DBRE Global Real Estate Management US IB, L.L.C.; G.O. IB-US, Management L.L.C; RREEF Fund Holding Co. and DWS Service Company. 


State Specific notices

California Consumer Privacy Act

California residents may go to‌ to obtain additional information relating to their rights under California state law.



Last updated October 2023


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