DWS Alternatives Global Limited

Item 5 / Fees and Compensation

DWS Global’s general policy is to assess client fees according to the current fee schedule of the investment strategy in which they
are invested. Actual fees, minimum fees and minimum account size may vary depending on the circumstances of a particular client,
additional or differing levels of servicing, or as otherwise agreed with specific clients.
—     Liquid real assets: Management fees for portfolios charging only an asset-based fee generally start at 0.85% of assets under
      management, subject to negotiation. Portfolios with a performance fee also include an asset-based management fee that
      generally starts at 0.85% per annum, subject to negotiation.
—     Direct Lending: Fees generally consist of a management fee based on committed and invested capital (up to 1.15%), and may
      possibly include performance fees, generally comprised of 12.5% of distributions over a hurdle rate set at a level dependent on
      the underlying investment strategy. Fees are negotiable and are dependent on the size of the account, the timing of entering
      the fund.
—     Direct real estate: Management fees are typically between 30-60bps of assets under management depending on the size of the
      account, the specific transaction and the amount of invested capital. Transaction fees are generally up to 1.00% of the
      purchase price depending on the transaction type and specific account agreement for acquisitions. Fees for dispositions are
      generally up to 0.50% of sale price. Performance fees are generally 10-20% of excess performance above threshold return
      (typically 7-12% IRR).
—     Infrastructure debt and equity: Fees generally consist of a management fee based on committed and invested capital (up to
      1.75%), and may possibly include performance fees, generally comprised of 20% of distributions over a hurdle rate set at a
      level dependent on the underlying investment strategy.
—     Private equity - secondary opportunities: Fees are generally up to 1.25% of committed capital and fees are established in
      negotiations with the investors of each fund, as set forth in the respective fund documents. Fees are generally based on a
      percentage of committed or invested capital. Fees are generally payable throughout the life of the fund with reduced fees
      following the expiration of the investment period. For funds in extension periods, fees may be less or may cease to be payable.

Fees are generally based on the combined market value of all securities and cash on the accounting date and are payable quarterly
or monthly either in advance or in arrears based on the quarter or month end value, as applicable, and as also dictated by the
client's investment management agreement. DWS Global may also enter into performance-based fee arrangements with eligible
clients.

Fees are negotiable, and DWS Global may also charge a lower fee depending on the entirety of the overall relationship with a
particular client, or for any other reason, in DWS Global's discretion.

DWS Global does not debit management fees directly from the client account; DWS Global renders invoices in accordance with fee
schedules.

Typically, DWS Global does not impose multiple advisory fees when an advisory client's assets are invested in an affiliated
investment vehicle. Specifically, client holdings of investment companies advised or sub-advised by DWS Global and held in a
separately managed account are excluded from the basis of DWS Global's fee computation. Clients will incur additional fees and
expenses relating to third-party services, including, but not limited to administration, custodian, transfer agent, and other similar
fees.

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Form ADV Part 2A
DWS Alternatives Global Limited

In addition to paying advisory fees, clients may pay brokerage commissions, mark-ups, mark-downs and/or other commission
equivalents related to transactions in their advisory accounts. See Item 12 - Brokerage Practices.

For securities separately managed accounts, fees that accrue for partial periods are prorated for the number of days remaining in
the quarter and are based upon the ending net asset value for the quarter. For direct real estate separately managed accounts, fees
that accrue for partial periods are generally based upon the portfolio's beginning net asset value for the quarter.

In connection with DWS Global’s services there may be fees, costs and expenses incurred for the benefit of more than one client
(including fees, costs and expenses relating to insurance, software and technological systems used for the benefit of clients). Each
client generally bears an allocable portion of any such fees, costs and expenses in proportion to the size of its investment in the
activity or entity to which the fee, cost or expense relates or in such other manner as DWS Global considers reasonable under the
circumstances.

DWS Global faces a conflict of interest when allocating assets between pooled investment vehicles and separately managed ac-
counts because of different fee structures. DWS Global has policies and procedures reasonably designed to appropriately identify
and manage the conflicts of interest described above. For additional information regarding the investment allocation, please see

Item 7 / Types of Clients

DWS Global provides investment advisory services to pooled vehicles, including private funds not registered under the Investment
Company Act, and registered investment companies. With respect to these arrangements, DWS Global views the funds to which it
provides investment advice as its clients. Investors participating in unregistered pooled vehicles may be required to meet certain
suitability and net worth qualifications.

DWS Global also may enter into direct engagements to provide investment advisory services to a range of institutional clients on a
global basis, including:
—     Government/public entities;
—     International public authorities;
—     Banks or thrift institutions;
—     Pension and profit-sharing plans, including those covered under the Employee Retirement Income Security Act of 1974, as
      amended (“ERISA”);
—     Religious organizations;
—     Colleges and universities;
—     Foundations and endowments;
—     Trusts, estates, or charitable organizations; and
—     Corporations or business entities.

With regard to transactions for DWS Global’s clients that are subject to ERISA, DWS Global may rely on various Prohibited
Transaction Exemptions (“PTEs”) available under ERISA, including with respect to certain affiliates, PTE 84-14, which is only
available to qualified professional asset managers (the “QPAM Class Exemption”). Because of Deutsche Bank Group’s past criminal
conviction in the LIBOR matter, which did not involve asset management activities, DWS Global, together with RREEF America LLC,
DWS Investments Australia Limited, and DWS Investments Management Americas, Inc. (collectively, the “DWS QPAMs”) has been
required to seek an individual QPAM exemption to avoid disqualification from relying on the QPAM Class Exemption. In April
2024, the U.S. Department of Labor (“DOL”) extended the DWS QPAMs’ individual QPAM exemption (“PTE 2024-02”). PTE 2024-02
is now scheduled to expire on April 17, 2027, but may terminate earlier if, among other things, DWS Global, its affiliates or any
owner, direct or indirect, of a five percent or more interest in DWS Global were to be convicted of crimes or were to engage in
conduct set forth in the QPAM Class Exemption in other matters. Under PTE 2024-02, DWS Global’s ERISA clients have a right,
among other rights, to obtain a copy of the summary of the written policies developed in connection with the exemption.

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Form ADV Part 2A
DWS Alternatives Global Limited