Investment Portfolio | as of September 30, 2021 (Unaudited) |
Shares | Value ($) | ||
Common Stocks 97.8% | |||
Austria 1.5% | |||
Wienerberger AG (Cost $921,227) | 36,328 | 1,226,566 | |
Belgium 0.4% | |||
Euronav NV (Cost $313,840) | 37,166 | 356,824 | |
Bermuda 0.9% | |||
Lazard Ltd. "A" (a) (Cost $345,986) | 16,265 | 744,937 | |
Canada 3.4% | |||
First Quantum Minerals Ltd. | 35,275 | 653,086 | |
Linamar Corp. | 14,424 | 748,987 | |
Pan American Silver Corp. | 16,342 | 380,487 | |
Quebecor, Inc. "B" | 39,795 | 961,728 | |
(Cost $2,173,478) | 2,744,288 | ||
Denmark 0.4% | |||
Netcompany Group A/S 144A (Cost $327,913) | 2,761 | 318,094 | |
France 2.6% | |||
Alten SA | 3,286 | 482,037 | |
Rubis SCA | 7,967 | 275,598 | |
SPIE SA | 44,518 | 1,010,348 | |
Television Francaise 1 | 29,700 | 292,881 | |
(Cost $2,103,539) | 2,060,864 | ||
Germany 3.8% | |||
AIXTRON SE | 22,463 | 563,808 | |
Deutz AG* | 88,069 | 765,559 | |
PATRIZIA AG | 41,336 | 1,091,435 | |
United Internet AG (Registered) | 16,617 | 644,118 | |
(Cost $1,695,764) | 3,064,920 | ||
India 0.7% | |||
WNS Holdings Ltd. (ADR)* (Cost $193,879) | 7,251 | 593,132 | |
Ireland 1.3% | |||
Dalata Hotel Group PLC* | 129,550 | 615,384 | |
Ryanair Holdings PLC* | 21,445 | 404,241 | |
(Cost $696,545) | 1,019,625 | ||
Italy 2.0% | |||
Buzzi Unicem SpA | 42,400 | 964,796 | |
Moncler SpA | 10,050 | 613,930 | |
(Cost $1,171,603) | 1,578,726 |
Japan 8.5% | |||
Ai Holdings Corp. | 41,617 | 881,401 | |
Anicom Holdings, Inc. | 76,900 | 650,101 | |
BML, Inc. | 17,200 | 653,796 | |
Furuya Metal Co., Ltd. | 3,800 | 295,724 | |
Kusuri No Aoki Holdings Co., Ltd. | 12,158 | 837,730 | |
Optex Group Co., Ltd. | 17,000 | 231,601 | |
Sawai Group Holdings Co., Ltd. | 12,600 | 586,834 | |
Topcon Corp. | 23,400 | 404,805 | |
Toyo Kanetsu KK | 9,400 | 220,270 | |
UT Group Co., Ltd. | 31,024 | 927,289 | |
Zenkoku Hosho Co., Ltd. | 23,800 | 1,160,289 | |
(Cost $4,273,022) | 6,849,840 | ||
Korea 1.7% | |||
Hanmi Semiconductor Co., Ltd. | 8,039 | 207,969 | |
i-SENS, Inc. | 17,591 | 464,253 | |
Seah Besteel Corp. | 33,022 | 715,382 | |
(Cost $1,294,248) | 1,387,604 | ||
Luxembourg 1.3% | |||
B&M European Value Retail SA (Cost $571,241) | 132,015 | 1,048,921 | |
Netherlands 0.4% | |||
Boskalis Westminster (Cost $325,687) | 9,986 | 302,064 | |
Norway 0.3% | |||
Fjordkraft Holding ASA 144A (Cost $371,495) | 43,142 | 240,027 | |
Portugal 0.3% | |||
REN - Redes Energeticas Nacionais SGPS SA (Cost $261,325) | 92,222 | 272,553 | |
Puerto Rico 0.6% | |||
Popular, Inc. (Cost $463,903) | 6,166 | 478,913 | |
Singapore 0.4% | |||
BW LPG, Ltd. 144A (Cost $336,865) | 54,731 | 299,431 | |
Spain 2.0% | |||
Fluidra SA | 28,658 | 1,142,617 | |
Talgo SA 144A* | 88,107 | 455,937 | |
(Cost $905,242) | 1,598,554 | ||
Sweden 2.9% | |||
Dometic Group AB 144A | 22,461 | 339,964 | |
Fingerprint Cards AB "B"* | 92,297 | 255,788 | |
MIPS AB | 2,974 | 298,366 | |
Nobina AB 144A | 129,243 | 1,161,140 | |
Ratos AB "B" | 55,297 | 324,737 | |
(Cost $1,663,088) | 2,379,995 | ||
Switzerland 1.4% | |||
Bachem Holding AG (Registered) | 320 | 245,029 |
Julius Baer Group Ltd. | 7,222 | 479,525 | |
Siegfried Holding AG (Registered)* | 469 | 416,636 | |
(Cost $1,105,716) | 1,141,190 | ||
United Kingdom 4.7% | |||
Domino's Pizza Group PLC | 74,516 | 395,570 | |
Drax Group PLC | 108,643 | 704,555 | |
Electrocomponents PLC | 90,511 | 1,309,328 | |
Genus PLC | 4,590 | 337,631 | |
Johnson Service Group PLC* | 265,435 | 538,519 | |
Micro Focus International PLC | 51,527 | 283,823 | |
Softcat PLC | 8,357 | 229,318 | |
(Cost $2,546,842) | 3,798,744 | ||
United States 56.3% | |||
Advanced Drainage Systems, Inc. | 3,618 | 391,359 | |
Affiliated Managers Group, Inc. | 4,445 | 671,595 | |
Agilysys, Inc.* | 9,963 | 521,663 | |
Alcoa Corp.* | 9,747 | 477,018 | |
AMC Entertainment Holdings, Inc. "A"* (b) | 9,714 | 369,715 | |
Americold Realty Trust (REIT) | 21,223 | 616,528 | |
Amicus Therapeutics, Inc.* | 29,421 | 280,971 | |
Anika Therapeutics, Inc.* (b) | 7,283 | 309,964 | |
Arena Pharmaceuticals, Inc.* | 8,863 | 527,792 | |
Armada Hoffler Properties, Inc. (REIT) | 15,994 | 213,840 | |
Avis Budget Group, Inc.* (b) | 3,736 | 435,281 | |
AZEK Co., Inc.* | 8,482 | 309,847 | |
Benchmark Electronics, Inc. | 12,725 | 339,885 | |
Builders FirstSource, Inc.* | 28,748 | 1,487,422 | |
Casey's General Stores, Inc. | 6,443 | 1,214,183 | |
Cleveland-Cliffs, Inc.* (b) | 49,411 | 978,832 | |
CMC Materials, Inc. | 2,596 | 319,905 | |
Contango Oil & Gas Co.* (b) | 177,463 | 811,006 | |
Dril-Quip, Inc.* | 13,576 | 341,844 | |
Ducommun, Inc.* | 26,358 | 1,327,125 | |
Easterly Government Properties, Inc. (REIT) | 18,561 | 383,470 | |
Eastern Bankshares, Inc. | 32,195 | 653,558 | |
EastGroup Properties, Inc. (REIT) | 4,274 | 712,177 | |
Envestnet, Inc.* (b) | 9,595 | 769,903 | |
Essential Properties Realty Trust, Inc. (REIT) | 24,757 | 691,215 | |
First Financial Bankshares, Inc. | 12,714 | 584,208 | |
Five9, Inc.* | 5,308 | 847,900 | |
FNB Corp. | 30,449 | 353,817 | |
Four Corners Property Trust, Inc. (REIT) | 28,873 | 775,529 | |
Fox Factory Holding Corp.* | 9,598 | 1,387,295 | |
Heron Therapeutics, Inc.* (b) | 22,446 | 239,948 | |
Hillenbrand, Inc. | 10,258 | 437,504 | |
Home BancShares, Inc. | 9,644 | 226,923 | |
Hudson Pacific Properties, Inc. (REIT) (b) | 8,486 | 222,927 | |
Hyster-Yale Materials Handling, Inc. (b) | 5,590 | 280,953 | |
Jack in the Box, Inc. (b) | 6,611 | 643,449 | |
Jefferies Financial Group, Inc. | 35,036 | 1,300,887 | |
LivePerson, Inc.* | 5,940 | 350,163 | |
Lumentum Holdings, Inc.* | 8,748 | 730,808 | |
Madison Square Garden Sports Corp.* | 2,508 | 466,363 | |
Marvell Technology, Inc. | 13,636 | 822,385 | |
Masonite International Corp.* | 8,169 | 866,976 | |
ModivCare, Inc.* (b) | 6,223 | 1,130,278 |
Molina Healthcare, Inc.* | 4,393 | 1,191,865 | |
Multiplan Corp.* (b) | 35,599 | 200,422 | |
National Storage Affiliates Trust (REIT) | 15,303 | 807,845 | |
New Jersey Resources Corp. | 8,717 | 303,439 | |
Novavax, Inc.* (b) | 1,412 | 292,722 | |
Option Care Health, Inc.* | 30,824 | 747,790 | |
Outset Medical, Inc.* (b) | 6,295 | 311,225 | |
Pacira BioSciences, Inc.* | 15,060 | 843,360 | |
Physicians Realty Trust (REIT) | 40,028 | 705,293 | |
Rush Enterprises, Inc. "A" (b) | 31,808 | 1,436,427 | |
Sana Biotechnology, Inc.* (b) | 14,355 | 323,275 | |
SJW Group | 7,263 | 479,794 | |
South State Corp. | 13,381 | 999,159 | |
Spectrum Brands Holdings, Inc. | 5,161 | 493,753 | |
Synovus Financial Corp. | 26,456 | 1,161,154 | |
Tandem Diabetes Care, Inc.* | 3,297 | 393,596 | |
Tenneco, Inc. "A"* | 31,253 | 445,980 | |
Thermon Group Holdings, Inc.* (b) | 40,418 | 699,636 | |
TopBuild Corp.* | 6,338 | 1,298,086 | |
TriState Capital Holdings, Inc.* | 21,539 | 455,550 | |
Varonis Systems, Inc.* | 19,600 | 1,192,660 | |
Vista Outdoor, Inc.* | 6,952 | 280,235 | |
Vital Farms, Inc.* | 12,874 | 226,196 | |
Vroom, Inc.* (b) | 8,106 | 178,899 | |
WEX, Inc.* | 2,214 | 389,974 | |
Whiting Petroleum Corp.* | 7,332 | 428,262 | |
Xperi Holding Corp. | 10,288 | 193,826 | |
YETI Holdings, Inc.* | 15,222 | 1,304,373 | |
Zions Bancorp. NA | 12,982 | 803,456 | |
(Cost $29,152,342) | 45,412,663 | ||
Total Common Stocks (Cost $53,214,790) | 78,918,475 | ||
Securities Lending Collateral 6.8% | |||
DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", 0.01% (c) (d) (Cost $5,479,813) | 5,479,813 | 5,479,813 | |
Cash Equivalents 2.3% | |||
DWS Central Cash Management Government Fund, 0.03% (c) (Cost $1,833,271) | 1,833,271 | 1,833,271 |
% of Net Assets | Value ($) | ||
Total Investment Portfolio (Cost $60,527,874) | 106.9 | 86,231,559 | |
Other Assets and Liabilities, Net | (6.9) | (5,549,713) | |
Net Assets | 100.0 | 80,681,846 |
Value ($) at 12/31/2020 | Purchases Cost ($) | Sales Proceeds ($) | Net Realized Gain/ (Loss) ($) | Net Change in Unrealized Appreciation (Depreciation) ($) | Income ($) | Capital Gain Distributions ($) | Number of Shares at 9/30/2021 | Value ($) at 9/30/2021 |
Securities Lending Collateral 6.8% | ||||||||
DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", 0.01% (c) (d) | ||||||||
1,184,652 | 4,295,161 (e) | — | — | — | 10,426 | — | 5,479,813 | 5,479,813 |
Cash Equivalents 2.3% | ||||||||
DWS Central Cash Management Government Fund, 0.03% (c) | ||||||||
3,011,728 | 10,105,131 | 11,283,588 | — | — | 389 | — | 1,833,271 | 1,833,271 |
4,196,380 | 14,400,292 | 11,283,588 | — | — | 10,815 | — | 7,313,084 | 7,313,084 |
* | Non-income producing security. |
(a) | Listed on the NASDAQ Stock Market, Inc. |
(b) | All or a portion of these securities were on loan. In addition, "Other Assets and Liabilities, Net" may include pending sales that are also on loan. The value of securities loaned at September 30, 2021 amounted to $5,347,606, which is 6.6% of net assets. |
(c) | Affiliated fund managed by DWS Investment Management Americas, Inc. The rate shown is the annualized seven-day yield at period end. |
(d) | Represents cash collateral held in connection with securities lending. Income earned by the Fund is net of borrower rebates. |
(e) | Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount invested in cash collateral for the period ended September 30, 2021. |
144A: Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
ADR: American Depositary Receipt |
REIT: Real Estate Investment Trust |
Sector Diversification | Market Value ($) | As a % of Investment Portfolio excluding Securities Lending Collateral and Cash Equivalents |
Industrials | 15,689,572 | 20% |
Information Technology | 11,226,572 | 14% |
Financials | 11,048,809 | 14% |
Consumer Discretionary | 9,599,439 | 12% |
Health Care | 9,497,387 | 12% |
Real Estate | 6,220,259 | 8% |
Materials | 5,396,167 | 7% |
Consumer Staples | 2,771,862 | 4% |
Communication Services | 2,734,805 | 3% |
Energy | 2,457,637 | 3% |
Utilities | 2,275,966 | 3% |
Total | 78,918,475 | 100% |
Assets | Level 1 | Level 2 | Level 3 | Total |
Common Stocks | ||||
Austria | $— | $1,226,566 | $— | $1,226,566 |
Belgium | — | 356,824 | — | 356,824 |
Bermuda | 744,937 | — | — | 744,937 |
Canada | 2,744,288 | — | — | 2,744,288 |
Denmark | — | 318,094 | — | 318,094 |
France | — | 2,060,864 | — | 2,060,864 |
Germany | — | 3,064,920 | — | 3,064,920 |
India | 593,132 | — | — | 593,132 |
Ireland | — | 1,019,625 | — | 1,019,625 |
Italy | — | 1,578,726 | — | 1,578,726 |
Japan | — | 6,849,840 | — | 6,849,840 |
Korea | — | 1,387,604 | — | 1,387,604 |
Luxembourg | — | 1,048,921 | — | 1,048,921 |
Netherlands | — | 302,064 | — | 302,064 |
Norway | — | 240,027 | — | 240,027 |
Portugal | — | 272,553 | — | 272,553 |
Puerto Rico | 478,913 | — | — | 478,913 |
Singapore | — | 299,431 | — | 299,431 |
Spain | — | 1,598,554 | — | 1,598,554 |
Sweden | — | 2,379,995 | — | 2,379,995 |
Switzerland | — | 1,141,190 | — | 1,141,190 |
United Kingdom | — | 3,798,744 | — | 3,798,744 |
United States | 45,412,663 | — | — | 45,412,663 |
Short-Term Investments (a) | 7,313,084 | — | — | 7,313,084 |
Total | $57,287,017 | $28,944,542 | $— | $86,231,559 |
(a) | See Investment Portfolio for additional detailed categorizations. |