-----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, OEMFK6m1US705kJHneglJ2CWDKfjVWHjPhSm1Me7Zr7qBy90oHLxq+Cf8KYy6IHL Bzs3u1eUs8vqeSD54ZoIVA== 0000088053-07-000413.txt : 20070328 0000088053-07-000413.hdr.sgml : 20070328 20070328162041 ACCESSION NUMBER: 0000088053-07-000413 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070131 FILED AS OF DATE: 20070328 DATE AS OF CHANGE: 20070328 EFFECTIVENESS DATE: 20070328 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: 07724485 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 S000006032 DWS Pacific Opportunities Equity Fund C000016580 Class A SPAOX C000016582 Class B SBPOX C000016583 Class C SPCCX C000016584 Class S SCOPX N-Q 1 cover.htm

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: 1/31/07

 

ITEM 1. SCHEDULE OF INVESTMENTS

 

Investment Portfolio

as of January 31, 2007 (Unaudited)

 

 

DWS Pacific Opportunities Equity Fund

 

 

Shares

 

Value ($)

 

Common Stocks 97.5%

 

China 11.4%

 

Bank of China Ltd. "H"*

 

2,388,000

 

1,180,516

China Construction Bank "H"

 

4,438,000

 

2,603,104

China Life Insurance Co., Ltd. "H"

 

1,688,000

 

4,986,265

China Merchants Bank Co., Ltd. "H"*

 

1,088,000

 

2,349,292

China Telecom Corp., Ltd. "H"

 

5,479,000

 

2,660,606

Huaneng Power International, Inc. "H"

 

2,438,000

 

2,205,655

 

 

 

PetroChina Co., Ltd. "H"

 

3,684,000

 

4,544,848

(Cost $11,616,562)

 

 

 

20,530,286

Hong Kong 17.0%

 

Beijing Enterprises Holdings Ltd.

 

1,068,000

 

2,339,973

Brilliance China Automotive Holdings Ltd.*

 

4,388,000

 

920,251

Cheung Kong (Holdings) Ltd.

 

218,000

 

2,896,057

China Mobile Ltd.

 

289,000

 

2,660,217

CNOOC Ltd.

 

2,262,000

 

1,938,412

Dah Sing Banking Group Ltd.

 

988,000

 

2,449,195

Fittec International Group

 

4,888,000

 

743,039

Hang Seng Bank Ltd.

 

103,700

 

1,443,233

Hong Kong & China Gas Co., Ltd.

 

328,000

 

731,354

Hong Kong Exchanges & Clearing Ltd.

 

394,000

 

4,322,580

Hongkong Land Holdings Ltd.

 

391,000

 

1,740,712

Hutchison Whampoa Ltd.

 

208,000

 

2,077,582

Hysan Development Co., Ltd.

 

628,000

 

1,709,144

Lifestyle International Holdings Ltd.

 

968,000

 

2,919,442

Sun Hung Kai Properties Ltd.

 

138,000

 

1,683,116

(Cost $22,468,360)

 

30,574,307

India 9.1%

 

Bajaj Hindusthan Ltd.

 

104,800

 

400,976

Bharti Airtel Ltd.*

 

157,800

 

2,600,726

Grasim Industries Ltd.

 

38,888

 

2,483,425

Gujarat Ambuja Cements Ltd.

 

476,775

 

1,482,147

Infosys Technologies Ltd.

 

9,591

 

490,751

Jaiprakash Associates Ltd.

 

93,800

 

1,501,861

Mahanagar Telephone Nigam Ltd.

 

208,800

 

779,121

NTPC Ltd.

 

477,600

 

1,530,168

Parsvnath Developers Ltd.*

 

16,656

 

149,712

Reliance Industries Ltd.

 

45,611

 

1,406,660

State Bank of India

 

61,944

 

1,915,548

Tata Steel Ltd.

 

152,800

 

1,598,361

(Cost $9,901,970)

 

16,339,456

Indonesia 3.0%

 

PT Astra International Tbk

 

538,000

 

884,719

PT Bank Internasional Indonesia Tbk

 

40,888,000

 

1,010,767

PT Bank Mandiri

 

2,288,000

 

647,205

PT Indosat Tbk

 

2,188,000

 

1,443,921

PT Kawasan Industri Jababeka Tbk

 

60,888,000

 

1,113,687

PT United Tractors Tbk

 

488,000

 

361,846

(Cost $4,441,323)

 

5,462,145

Korea 20.2%

 

Amorepacific Corp.*

 

3,780

 

2,256,896

CJ Corp.

 

7,180

 

779,967

Hana Financial Group, Inc.

 

30,880

 

1,529,556

Hite Brewery Co., Ltd.

 

8,180

 

1,025,207

Hyundai Motor Co.

 

38,400

 

2,748,734

Kookmin Bank

 

48,810

 

3,887,526

Korea Electric Power Corp.

 

60,800

 

2,740,996

Korea Exchange Bank*

 

118,680

 

1,536,089

KT&G Corp.

 

25,488

 

1,548,849

LG Chem Ltd.

 

30,000

 

1,404,831

 

 

 

LS Industrial Systems Co., Ltd.

 

23,500

 

762,834

Pacific Corp.

 

8,888

 

1,420,359

Samsung Electro-Mechanics Co., Ltd.*

 

31,880

 

1,170,168

Samsung Electronics Co., Ltd.

 

13,988

 

8,661,005

Samsung Fire & Marine Insurance Co., Ltd.

 

28,000

 

4,718,503

(Cost $25,963,265)

 

36,191,520

Malaysia 6.2%

 

AmInvestment Group Bhd.

 

4,438,000

 

2,155,030

Bursa Malaysia Bhd.

 

438,000

 

1,382,966

EON Capital Bhd.

 

368,000

 

747,239

Magnum Corp. Bhd.

 

1,188,000

 

987,496

Telekom Malaysia Bhd.

 

1,188,000

 

3,505,647

Tenaga Nasional Bhd.

 

668,500

 

2,350,837

(Cost $9,272,259)

 

11,129,215

Philippines 0.9%

 

Metropolitan Bank & Trust Co.

 

1,088,000

 

1,313,780

PNOC Energy Development Corp.*

 

2,378,000

 

235,855

(Cost $1,076,568)

 

1,549,635

Singapore 9.9%

 

Capitaland Ltd.

 

448,000

 

1,978,359

City Developments Ltd.

 

250,000

 

2,304,952

DBS Group Holdings Ltd.

 

108,000

 

1,546,520

Singapore Exchange Ltd.

 

1,038,000

 

4,621,731

Singapore Press Holdings Ltd.

 

608,000

 

1,860,320

Singapore Telecommunications Ltd.

 

1,176,100

 

2,698,964

United Overseas Bank Ltd.

 

155,000

 

1,921,154

United Test & Assembly Center Ltd.*

 

1,688,000

 

922,886

(Cost $10,041,075)

 

17,854,886

Taiwan 17.2%

 

Catcher Technology Co., Ltd.

 

100,000

 

1,082,602

Cathay Financial Holding Co., Ltd.

 

1,323,695

 

2,945,838

China Steel Corp.

 

1,333,080

 

1,377,664

Chinatrust Financial Holding Co., Ltd.

 

1,274,560

 

1,073,359

Chungwha Telecom Co., Ltd.

 

928,480

 

1,783,363

Formosa Chemicals & Fibre Corp.

 

945,540

 

1,689,204

Formosa Plastics Corp.

 

648,000

 

1,091,100

High Tech Computer Corp.

 

48,600

 

723,452

Hon Hai Precision Industry Co., Ltd.

 

682,644

 

4,672,341

Innolux Display Corp.*

 

250,000

 

560,710

King Slide Works Co., Ltd.

 

153,600

 

819,158

Largan Precision Co., Ltd.

 

78,000

 

1,181,697

MediaTek, Inc.

 

240,680

 

2,630,882

Nan Ya Plastics Corp.

 

1,178,320

 

1,944,035

Nan Ya Printed Circuit Board Corp.

 

148,000

 

957,480

SinoPac Financial Holdings Co., Ltd.

 

2,021,000

 

1,022,753

Taiwan Semiconductor Manufacturing Co., Ltd.

 

2,092,801

 

4,325,666

Yulon Motor Co., Ltd.

 

901,320

 

1,012,207

(Cost $26,460,557)

 

30,893,511

Thailand 2.6%

 

Bangkok Bank PCL (Foreign Registered)

 

168,000

 

550,325

Krungthai Card PCL (Foreign Registered)

 

1,429,000

 

1,038,338

Land and Houses PCL (Foreign Registered)

 

3,888,000

 

775,825

 

 

 

Phatra Securities PCL (Foreign Registered)

 

658,000

 

547,762

Sino Thai Engineering & Construction PCL (Foreign Registered)

 

3,488,000

 

447,669

The Siam Cement PCL (Foreign Registered)

 

118,800

 

837,447

True Corp. PCL (Foreign Registered)*

 

3,188,000

 

477,053

(Cost $5,146,732)

 

4,674,419

Total Common Stocks (Cost $126,388,671)

 

175,199,380

 

Warrants 0.0%

 

Thailand

 

True Corp. PCL, expiration date 4/3/2008* (Cost $0)

 

431,146

 

0

 

Cash Equivalents 1.2%

 

Cash Management QP Trust, 5.31% (a)
(Cost $2,118,233)

 

 

2,118,233

 

2,118,233

 

% of

Net Assets

 

Value ($)

Total Investment Portfolio (Cost $ 128,506,904)

98.7

 

177,317,613

Other Assets and Liabilities, Net

1.3

 

2,255,350

Net Assets

100.0

 

179,572,963

 

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)

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.

At January 31, 2007, the DWS Pacific Opportunities Fund had the following sector diversification:

 

 

As a % of Common

Sector

Market Value ($)

 

Stocks

 

Financials

 

69,021,913

 

39.5

%

 

Information Technology

 

26,940,982

 

15.4

%

 

Telecommunication Services

 

18,609,618

 

10.6

%

 

Materials

 

13,908,214

 

7.9

%

 

Consumer Discretionary

 

13,290,691

 

7.6

%

 

Utilities

 

9,794,865

 

5.6

%

 

Industrials

 

8,310,923

 

4.7

%

 

Energy

 

7,889,920

 

4.5

%

 

Consumer Staples

 

7,432,254

 

4.2

%

 

Total

175,199,380

 

100.0

%

 

 

 

 

ITEM 2.

CONTROLS AND PROCEDURES

 

 

 

(a)          The Chief Executive and Financial Officers concluded that the Registrant’s Disclosure Controls and Procedures are effective based on the evaluation of the Disclosure Controls and Procedures as of a date within 90 days of the filing date of this report.

 

 

 

(b)          There have been no changes in the registrant’s internal control over financial reporting that occurred during the registrant’s last half-year (the registrant’s second fiscal half-year in the case of the annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal controls over financial reporting.

 

 

 

 

 

ITEM 3.

EXHIBITS

 

 

 

Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.

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 Pacific Opportunities Equity Fund, a series of DWS International Fund, Inc.

 

By:

/s/Michael G. Clark

 

Michael G. Clark

President

 

Date:

March 21, 2007

 

 

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 Pacific Opportunities Equity Fund, a series of DWS International Fund, Inc.

 

By:

/s/Michael G. Clark

 

Michael G. Clark

President

 

Date:

March 21, 2007

 

 

By:

/s/Paul Schubert

 

Paul Schubert

Chief Financial Officer and Treasurer

 

Date:                                                 March 21, 2007

 

 

EX-99.CERT 2 certifications.htm CERTIFICATION

CERTIFICATIONS

I, Michael G. Clark, certify that:

 

1.

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

 

By:

/s/Michael G. Clark

 

Michael G. Clark

President

 

Date:

March 21, 2007

 

 

CERTIFICATIONS

I, Paul Schubert, certify that:

 

1.

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

 

By:

/s/Paul Schubert

 

Paul Schubert

Chief Financial Officer and Treasurer

 

Date:                                                   March 21, 2007

 

 

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