-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, K+Qopssw4toAM8ikS+9xFplNldWuM2bc/KC1wgyCV6W3iftHKRoO0Y7hY5vcLxcO TzGlHFczHDjnhMbRAkRoTQ== 0000088053-06-001177.txt : 20060927 0000088053-06-001177.hdr.sgml : 20060927 20060927143254 ACCESSION NUMBER: 0000088053-06-001177 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060731 FILED AS OF DATE: 20060927 DATE AS OF CHANGE: 20060927 EFFECTIVENESS DATE: 20060927 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DWS INTERNATIONAL FUND, INC. CENTRAL INDEX KEY: 0000088053 IRS NUMBER: 132827803 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-00642 FILM NUMBER: 061110880 BUSINESS ADDRESS: STREET 1: 345 PARK AVE CITY: NEW YORK STATE: NY ZIP: 10154 BUSINESS PHONE: 2123266200 MAIL ADDRESS: STREET 1: 345 PARK AVE CITY: NEW YORK STATE: NY ZIP: 10154 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER INTERNATIONAL FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER INTERNATIONAL INVESTMENTS LTD DATE OF NAME CHANGE: 19761203 0000088053 S000006029 DWS Europe Equity Fund C000016562 Class A SERAX C000016563 Class AARP SGEGX C000016564 Class B SERBX C000016565 Class C SERCX C000016566 Class S SCGEX C000016567 Institutional Class SERNX N-Q 1 nq073106int_deef.htm N-Q FILING

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

_______________________________

Investment Company Act file number 811-642

DWS International Fund, Inc.

(Exact name of registrant as specified in charter)

 

345 Park Avenue

New York, NY 10154

(Address of principal executive offices)             (Zip code)

 

Paul Schubert

345 Park Avenue

New York, NY 10154

(Name and address of agent for service)

Registrant's telephone number, including area code: (212) 454-7190

Date of fiscal year end: 10/31

Date of reporting period: 07/31/06

Form N-Q is to be used by registered management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

 


ITEM 1. SCHEDULE OF INVESTMENTS

 


Investment Portfolio

as of July 31, 2006 (Unaudited)

 

 

DWS Europe Equity Fund

 

 

Shares

 

Value ($)

 

Common Stocks 99.1%

 

Austria 0.6%

 

RHI AG* (Cost $2,911,287)

 

94,900

 

3,127,611

Belgium 2.8%

 

InBev NV

 

203,800

 

10,699,734

Umicore

 

36,500

 

4,618,217

(Cost $14,382,027)

 

15,317,951

Denmark 3.8%

 

A P Moller-Maersk AS

 

972

 

7,338,235

Novo Nordisk AS “B”

 

80,100

 

4,936,530

Trygvesta AS (a)

 

131,400

 

7,963,160

(Cost $21,266,371)

 

20,237,925

Finland 4.6%

 

KCI Konecranes Oyj

 

166,000

 

3,053,497

Kemira Oyj (a)

 

611,200

 

10,141,904

Neste Oil Oyj

 

153,922

 

5,308,740

Nokian Renkaat Oyj (a)

 

251,145

 

3,471,193

TietoEnator Oyj

 

115,400

 

2,750,708

(Cost $23,478,679)

 

24,726,042

France 7.0%

 

Axa

 

423,916

 

14,620,781

BNP Paribas

 

142,144

 

13,835,998

Societe Generale

 

42,890

 

6,399,203

Societe Television Francaise 1

 

91,848

 

2,927,300

(Cost $31,930,299)

 

37,783,282

Germany 8.0%

 

Commerzbank AG

 

122,114

 

4,280,323

Curanum AG

 

338,080

 

3,372,854

Deutsche Telekom AG

 

300,484

 

4,644,444

Fresenius Medical Care AG & Co.

 

57,778

 

6,922,968

Hypo Real Estate Holding AG

 

135,243

 

7,521,946

IWKA AG*

 

155,300

 

3,751,371

KarstadtQuelle AG* (a)

 

74,107

 

1,743,716

RWE AG

 

69,833

 

6,134,606

Stada Arzneimittel AG

 

96,331

 

4,388,079

(Cost $38,247,565)

 

42,760,307

Greece 2.6%

 

Babis Vovos International Construction SA

 

163,114

 

3,854,694

Hellenic Exchanges Holding SA

 

175,800

 

2,672,347

OPAP SA

 

80,778

 

2,932,542

Piraeus Bank SA

 

173,125

 

4,334,538

(Cost $11,364,129)

 

13,794,121

Ireland 3.0%

 

CRH PLC (b)

 

40,800

 

1,313,372

CRH PLC (b)

 

181,400

 

5,846,306

Paddy Power PLC

 

448,220

 

7,483,311

Ryanair Holdings PLC*

 

169,000

 

1,681,710

(Cost $15,323,949)

 

16,324,699

 

 


 

Italy 6.9%

 

Astaldi SpA

 

1,648,496

 

10,023,557

Banca Italease

 

266,536

 

12,699,648

Mediobanca SpA

 

372,800

 

7,576,578

Risanamento SpA

 

209,032

 

1,610,116

Societa Iniziative Autostradali e Servizi SpA

 

419,020

 

5,084,934

(Cost $31,514,366)

 

36,994,833

Netherlands 16.2%

 

ABN AMRO Holding NV (a)

 

231,400

 

6,405,444

Akzo Nobel NV

 

98,900

 

5,503,148

Heineken NV

 

134,500

 

6,324,338

ING Groep NV

 

568,600

 

23,082,760

Koninklijke (Royal) Philips Electronics NV

 

327,700

 

10,820,915

Koninklijke BAM Groep NV

 

347,900

 

7,088,300

Koninklijke DSM NV

 

193,400

 

7,559,706

Royal Dutch Shell PLC “B”

 

297,141

 

10,940,219

Wolters Kluwer NV

 

397,300

 

9,358,505

(Cost $83,288,080)

 

87,083,335

Norway 1.8%

 

Aker Kvaerner ASA

 

30,400

 

3,062,474

Storebrand ASA

 

439,900

 

4,574,474

Tandberg Television ASA* (a)

 

159,700

 

2,251,032

(Cost $9,104,966)

 

9,887,980

Russia 0.3%

 

OAO Gazprom (ADR) (REG S) (Cost $1,486,959)

 

39,509

 

1,646,735

Sweden 11.5%

 

Atlas Copco AB “B”

 

178,500

 

4,235,228

Concordia Maritime AB “B”

 

1,751,700

 

11,156,164

Eniro AB

 

1,329,584

 

15,312,156

Hennes & Mauritz AB “B”

 

234,000

 

8,685,245

Husqvarna AB “B”*

 

368,200

 

3,959,387

Kinnevik Investment AB “B”

 

563,800

 

6,140,973

Swedish Match AB

 

754,500

 

12,458,010

(Cost $58,910,472)

 

61,947,163

Switzerland 0.5%

 

Xstrata PLC 67,658 2,903,066

 

(Cost $2,951,600)

 

Turkey 0.4%

 

Turkcell Iletisim Hizmetleri AS (ADR) (Cost $2,904,300)

 

197,122

 

2,245,220

United Kingdom 29.1%

 

Anglo American PLC

 

109,652

 

4,577,948

BP PLC

 

1,528,104

 

18,411,511

Care U.K. PLC

 

796,853

 

6,728,116

Chemring Group PLC

 

108,589

 

2,628,861

Dicom Group PLC

 

2,336,735

 

9,570,307

Dignity PLC

 

740,780

 

7,475,854

GlaxoSmithKline PLC

 

614,756

 

17,007,271

HSBC Holdings PLC

 

1,196,704

 

21,706,148

ITE Group PLC

 

2,034,266

 

4,531,510

Kensington Group PLC

 

24,543

 

405,740

Ladbrokes PLC

 

744,054

 

5,368,460

Lloyds TSB Group PLC

 

1,001,585

 

10,084,477

Prudential PLC

 

658,469

 

6,918,862

Resolution PLC

 

375,574

 

3,981,422

 

 


 

Rolls-Royce Group PLC*

 

991,287

 

8,161,473

Spectris PLC

 

529,505

 

5,811,052

Sportingbet PLC

 

700,227

 

3,214,468

Tesco PLC

 

2,234,881

 

15,008,251

Whitbread PLC

 

207,667

 

4,806,352

(Cost $153,094,412)

 

156,398,083

Total Common Stocks (Cost $502,159,461)

 

533,178,353

 

Preferred Stocks 0.9%

 

Germany

 

Porsche AG (Cost $4,547,266)

 

4,713

 

4,617,637

 

Securities Lending Collateral 3.7%

 

Daily Assets Fund Institutional, 5.24% (c) (d)
(Cost $19,920,082)

 

 

19,920,082

 

19,920,082

 

Cash Equivalents 0.0%

 

Cash Management QP Trust, 5.3% (e)
(Cost $35,103)

 

 

35,103

 

35,103

 

% of

Net Assets

 

Value ($)

Total Investment Portfolio (Cost $ 526,661,912)

103.7

 

557,751,175

Other Assets and Liabilities, Net

(3.7)

 

(19,741,888)

Net Assets

100.0

 

538,009,287

 

For information on the Fund’s policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual or annual financial statements.

*

Non-income producing security.

(a)

All or a portion of these securities were on loan. The value of all securities loaned at July 31, 2006 amounted to $18,928,559 which is 3.5% of net assets.

(b)

Securities with the same description are the same corporate entity but trade on different stock exchanges.

(c)

Daily Assets Fund Institutional, an affiliated fund, is managed by Deutsche Asset Management, Inc. The rate shown is the annualized seven-day yield at period end.

(d)

Represents collateral held in connection with securities lending.

(e)

Cash Management QP Trust, an affiliated fund, is managed by Deutsche Investment Management Americas Inc. The rate shown is the annualized seven-day yield at period end.

ADR: American Depositary Receipt

At July 31, 2006, the DWS Europe Equity Fund had the following sector diversification:

 

As a % of Common

Sector

Market Value ($)

 

and Preferred Stocks

 

Financials

 

170,669,632

 

31.7

%

 

Consumer Discretionary

 

92,177,041

 

17.1

%

 

Industrials

 

57,578,676

 

10.7

%

 

Energy

 

50,525,843

 

9.4

%

 

Materials

 

45,591,278

 

8.5

%

 

Consumer Staples

 

44,490,333

 

8.3

%

 

Health Care

 

43,355,818

 

8.1

%

 

Information Technology

 

20,383,099

 

3.8

%

 

Telecommunication Services

 

6,889,664

 

1.3

%

 

Utilities

 

6,134,606

 

1.1

%

 

Total

537,795,990

 

100.0

%

 

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Registrant:

DWS Europe Equity Fund, a series of DWS International Fund, Inc.

 

By:

/s/Michael G. Clark

 

Michael G. Clark

President

 

Date:

September 22, 2006

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

Registrant:

DWS Europe Equity Fund, a series of DWS International Fund, Inc.

 

By:

/s/Michael G. Clark

 

Michael G. Clark

President

 

Date:

September 22, 2006

 

 

By:

/s/Paul Schubert

 

Paul Schubert

Chief Financial Officer and Treasurer

 

Date:

September 22, 2006

 

 

 

EX-99.CERT 2 certifications-int_deef.htm CERTIFICATIONS

CERTIFICATIONS

I, Michael G. Clark, certify that:

 

1.

I have reviewed this report on Form N-Q of DWS Europe Equity Fund, a series of DWS International Fund, Inc.;

 

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.

Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

 

4.

The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

 

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c)

Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

 

(d)

Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

 

5.

The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

 

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

 


 

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

 

Registrant:

DWS Europe Equity Fund, a series of DWS International Fund, Inc.

 

By:

/s/Michael G. Clark

 

Michael G. Clark

President

 

Date:

September 22, 2006

 

 


CERTIFICATIONS

I, Paul Schubert, certify that:

 

1.

I have reviewed this report on Form N-Q of DWS Europe Equity Fund, a series of DWS International Fund, Inc.;

 

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.

Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

 

4.

The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

 

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c)

Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

 

(d)

Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

 

5.

The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

 

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are

 


reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

 

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

 

Registrant:

DWS Europe Equity Fund, a series of DWS International Fund, Inc.

 

By:

/s/Paul Schubert

 

Paul Schubert

Chief Financial Officer and Treasurer

 

Date:                                                  September 22, 2006

 

 

-----END PRIVACY-ENHANCED MESSAGE-----