-----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, DKGzh4o2RHwi8tE24aKulrYZNP0061OSwB4S21DCv465bePXxcxZlrotBLtWjBYb 2f/p0msHB4/eRgGD9UC19A== 0000088053-08-000355.txt : 20080327 0000088053-08-000355.hdr.sgml : 20080327 20080327142446 ACCESSION NUMBER: 0000088053-08-000355 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080131 FILED AS OF DATE: 20080327 DATE AS OF CHANGE: 20080327 EFFECTIVENESS DATE: 20080327 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: 08714618 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 C000016564 Class B SERBX C000016565 Class C SERCX C000016566 Class S SCGEX C000016567 Institutional Class SERNX N-Q 1 nq013108int_deef.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:01/31/08

 

ITEM 1. SCHEDULE OF INVESTMENTS

 

Investment Portfolio

as of January 31, 2008 (Unaudited)

 

DWS Europe Equity Fund

 

Shares

 

Value ($)

 

Common Stocks 98.6%

 

Austria 1.5%

 

Wienerberger AG (Cost $9,225,603)

 

153,890

 

7,123,320

Denmark 1.1%

 

A P Moller-Maersk AS "B" (Cost $4,620,186)

 

549

 

5,431,637

Finland 2.1%

 

Nokia Oyj (Cost $7,055,074)

 

274,600

 

10,099,128

France 8.6%

 

Axa

 

338,757

 

11,612,192

France Telecom SA

 

229,027

 

8,089,016

Lafarge SA

 

32,749

 

5,133,654

Lagardere SCA

 

35,574

 

2,610,970

PPR

 

60,101

 

8,495,219

Rhodia SA (Registered)*

 

63,692

 

1,776,840

Seche Environnement

 

8,552

 

1,390,939

Sperian Protection

 

25,053

 

2,363,156

(Cost $41,211,095)

 

41,471,986

Germany 8.9%

 

Adidas AG

 

48,800

 

3,116,466

Bayerische Motoren Werke (BMW) AG

 

133,141

 

7,365,259

Deutsche Boerse AG

 

28,500

 

5,034,572

E.ON AG

 

31,200

 

5,736,009

Fresenius Medical Care AG & Co. KGaA

 

110,300

 

5,662,769

SAP AG

 

109,197

 

5,260,224

SGL Carbon AG*

 

50,100

 

2,555,517

Software AG

 

37,817

 

2,913,693

Stada Arzneimittel AG

 

44,700

 

2,811,576

Tognum AG*

 

103,527

 

2,525,944

(Cost $43,729,157)

 

42,982,029

Greece 1.0%

 

Piraeus Bank SA (Cost $6,026,778)

 

145,100

 

4,679,451

Ireland 2.1%

 

Anglo Irish Bank Corp. PLC

 

511,496

 

7,207,868

Kingspan Group PLC

 

203,703

 

2,841,828

(Cost $13,759,399)

 

10,049,696

Italy 5.5%

 

Assicurazioni Generali SpA

 

241,490

 

10,313,047

Telecom Italia SpA (RNC)

 

2,401,800

 

5,534,533

UniCredito Italiano SpA (a)

 

1,450,500

 

10,648,172

(Cost $28,007,074)

 

26,495,752

Netherlands 12.0%

 

Corporate Express (a)

 

203,513

 

1,188,558

ING Groep NV (CVA)

 

345,800

 

11,257,872

Koninklijke (Royal) KPN NV

 

587,600

 

10,665,167

Koninklijke (Royal) Philips Electronics NV

 

136,200

 

5,343,201

QIAGEN NV* (a)

 

458,555

 

9,309,337

SBM Offshore NV

 

258,400

 

7,481,318

TNT NV

 

118,300

 

4,382,138

Wolters Kluwer NV

 

286,456

 

8,189,195

(Cost $57,685,568)

 

57,816,786

Norway 2.7%

 

Aker Kvaerner ASA

 

103,050

 

1,923,626

EDB Business Partner ASA

 

335,800

 

2,229,271

StatoilHydro ASA

 

338,300

 

8,845,032

(Cost $16,638,987)

 

12,997,929

Spain 2.0%

 

Iberdrola Renovables*

 

551,800

 

4,446,355

Iberdrola SA

 

350,398

 

5,357,225

(Cost $10,019,460)

 

9,803,580

Sweden 8.1%

 

Autoliv, Inc. (SDR) (a)

 

62,800

 

3,201,942

Concordia Maritime AB "B" (a)

 

1,828,500

 

7,220,147

Eniro AB

 

456,131

 

3,778,534

Svenska Handelsbanken AB "A"

 

268,800

 

7,528,448

Swedish Match AB

 

778,900

 

17,220,301

(Cost $38,281,095)

 

38,949,372

Switzerland 8.4%

 

Nestle SA (Registered)

 

48,951

 

21,877,795

Roche Holding AG (Genusschein)

 

51,438

 

9,319,479

UBS AG (Registered)

 

228,134

 

9,440,849

(Cost $41,272,436)

 

40,638,123

United Kingdom 34.6%

 

Anglo American PLC

 

125,865

 

6,882,943

ARM Holdings PLC

 

2,783,103

 

6,511,620

BAE Systems PLC

 

520,961

 

4,853,478

BP PLC

 

2,043,582

 

21,677,556

Cadbury Schweppes PLC

 

487,965

 

5,386,207

Daily Mail & General Trust "A"

 

271,082

 

2,862,559

Diageo PLC

 

780,898

 

15,710,614

Dicom Group PLC

 

2,942,409

 

8,679,422

GlaxoSmithKline PLC

 

332,065

 

7,837,661

HBOS PLC

 

191,629

 

2,646,488

HSBC Holdings PLC

 

954,972

 

14,318,551

Old Mutual PLC

 

1,992,210

 

4,964,162

Reed Elsevier PLC

 

350,783

 

4,238,507

Rexam PLC

 

546,507

 

4,593,821

Robert Wiseman Dairies PLC

 

935,816

 

9,304,584

Serco Group PLC

 

801,322

 

6,679,224

Tesco PLC

 

1,518,160

 

12,666,427

The Sage Group PLC

 

1,413,680

 

6,240,161

Vodafone Group PLC

 

4,795,822

 

16,831,187

WPP Group PLC

 

337,247

 

4,161,933

(Cost $179,739,138)

 

167,047,105

Total Common Stocks (Cost $497,271,050)

 

475,585,894

 

Securities Lending Collateral 4.8%

 

Daily Assets Fund Institutional, 4.22% (b) (c)
(Cost $23,275,570)

 

 

23,275,570

 

23,275,570

 

Cash Equivalents 1.2%

 

Cash Management QP Trust, 4.52% (b)
(Cost $5,922,225)

 

 

5,922,225

 

5,922,225

 

% of
Net Assets

 

Value ($)

Total Investment Portfolio (Cost $526,468,845)

104.6

 

504,783,689

Other Assets and Liabilities, Net

(4.6)

 

(22,402,325)

Net Assets

100.0

 

482,381,364

 

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 January 31, 2008 amounted to $22,221,434 which is 4.6% of net assets.

(b)

Affiliated fund managed by Deutsche Investment Management Americas Inc. The rate shown is the annualized seven-day yield at period end.

(c)

Represents collateral held in connection with securities lending. Income earned by the Fund is net of borrower rebates.

CVA: Certificaten Van Aandelen

RNC: Riparmio Non-Convertible (Non-Convertible Savings Shares)

SDR: Swedish Depositary Receipt

At January 31, 2008, the DWS Europe Equity Fund had the following sector diversification:

Sector

Market Value ($)

As a % of Common
Stocks

Financials

99,651,672

21.0%

Consumer Staples

82,165,928

17.3%

Consumer Discretionary

48,020,584

10.1%

Energy

47,147,679

9.9%

Industrials

46,678,940

9.8%

Information Technology

41,933,519

8.8%

Telecommunication Services

41,119,903

8.6%

Health Care

34,940,822

7.3%

Materials

18,387,258

3.9%

Utilities

15,539,589

3.3%

Total

475,585,894

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

 

By:

/s/Michael G. Clark

 

Michael G. Clark

President

 

Date:

March 17, 2008

 

 

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:

March 17, 2008

 

 

By:

/s/Paul Schubert

 

Paul Schubert

Chief Financial Officer and Treasurer

 

Date:

March 17, 2008

 

 

 

 

 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 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:

March 17, 2008

 

 

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:

March 17, 2008

 

 

 

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