|
|
Shares
|
Value ($)
|
|
|||
Equity Securities 99.4%
|
|
||
Argentina 3.2%
|
|
||
Globant SA*
|
|
34,158
|
6,805,640
|
MercadoLibre, Inc.*
|
|
3,600
|
2,929,356
|
(Cost $8,467,518)
|
|
|
9,734,996
|
Brazil 68.2%
|
|
||
Banco Bradesco SA (ADR)
|
|
372,680
|
1,237,298
|
Banco Bradesco SA (Preferred)
|
|
3,990,937
|
13,444,277
|
Banco BTG Pactual SA (Units)
|
|
1,371,200
|
5,970,727
|
Banco do Brasil SA
|
|
2,229,500
|
15,499,336
|
CCR SA
|
|
1,927,295
|
4,838,631
|
Centrais Eletricas Brasileiras SA
|
|
852,600
|
7,548,676
|
Centrais Eletricas Brasileiras SA "B"
|
|
273,910
|
2,505,588
|
Cosan SA
|
|
740,100
|
2,670,545
|
Energisa SA (Units)
|
|
814,221
|
6,930,344
|
Gerdau SA (ADR) (a)
|
|
937,200
|
4,423,584
|
Gerdau SA (Preferred)
|
|
1,128,000
|
5,332,498
|
Hapvida Participacoes e Investimentos SA 144A
|
|
4,792,255
|
5,705,396
|
Itau Unibanco Holding SA (Preferred)
|
|
1,456,500
|
6,648,988
|
Klabin SA (Units)
|
|
646,800
|
2,491,394
|
Localiza Rent a Car SA
|
|
922,300
|
10,269,168
|
Lojas Renner SA
|
|
1,756,420
|
8,585,041
|
Multiplan Empreendimentos Imobiliarios SA
|
|
1,313,408
|
6,041,459
|
Petroleo Brasileiro SA
|
|
68,500
|
489,314
|
Petroleo Brasileiro SA (ADR)
|
|
951,000
|
13,580,280
|
Petroleo Brasileiro SA (Preferred)
|
|
2,210,434
|
14,589,266
|
Petroleo Brasileiro SA (Preferred) (ADR)
|
|
419,900
|
5,513,287
|
Rumo SA
|
|
2,791,700
|
9,463,756
|
Sendas Distribuidora SA
|
|
758,000
|
2,322,008
|
Sequoia Logistica e Transportes SA*
|
|
1,780,656
|
1,910,021
|
Suzano SA
|
|
943,700
|
8,807,575
|
TOTVS SA
|
|
1,940,922
|
9,891,984
|
Vale SA
|
|
1,215,607
|
16,387,118
|
Vale SA (ADR)
|
|
608,400
|
8,189,064
|
Vibra Energia SA
|
|
605,000
|
1,946,860
|
WEG SA
|
|
831,902
|
4,508,327
|
(Cost $212,453,459)
|
|
|
207,741,810
|
Chile 4.1%
|
|
||
Cencosud SA
|
|
4,469,863
|
6,106,316
|
Empresas COPEC SA
|
|
475,737
|
3,896,281
|
Parque Arauco SA
|
|
2,866,850
|
2,421,122
|
(Cost $14,163,001)
|
|
|
12,423,719
|
Mexico 20.6%
|
|
||
America Movil SAB de CV "L" (ADR)
|
|
348,954
|
6,605,699
|
Cemex SAB de CV (ADR)*
|
|
589,870
|
2,365,379
|
Coca-Cola Femsa SAB de CV (ADR)
|
|
52,665
|
3,172,013
|
Fomento Economico Mexicano SAB de CV (ADR)
|
|
113,424
|
7,030,019
|
Fomento Economico Mexicano SAB de CV (Units)
|
|
936,400
|
5,811,647
|
Gentera SAB de CV
|
|
5,573,826
|
4,500,511
|
Grupo Aeroportuario del Pacifico SAB de CV (ADR)
|
|
4,251
|
574,055
|
Grupo Aeroportuario del Pacifico SAB de CV "B"
|
|
384,016
|
5,198,264
|
Grupo Aeroportuario del Sureste SAB de CV (ADR)
|
|
8,977
|
1,685,970
|
Grupo Aeroportuario del Sureste SAB de CV "B"
|
|
70,261
|
1,320,916
|
Grupo Financiero Banorte SAB de CV "O"
|
|
2,355,934
|
13,426,819
|
Grupo Mexico SAB de CV "B"
|
|
721,765
|
2,860,435
|
Regional SAB de CV
|
|
864,795
|
4,735,151
|
Wal-Mart de Mexico SAB de CV
|
|
981,667
|
3,568,779
|
(Cost $63,391,965)
|
|
|
62,855,657
|
Peru 3.3%
|
|
||
Credicorp Ltd. (Cost $9,067,566)
|
|
79,335
|
10,265,949
|
Total Equity Securities (Cost $307,543,509)
|
|
|
303,022,131
|
|
|||
Securities Lending Collateral 0.1%
|
|
||
DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional
Shares", 1.55% (b) (c) (Cost $217,000)
|
|
217,000
|
217,000
|
|
|||
|
|
% of
Net Assets
|
Value ($)
|
Total Investment Portfolio (Cost $307,760,509)
|
|
99.5
|
303,239,131
|
Other Assets and Liabilities, Net
|
|
0.5
|
1,440,409
|
Net Assets
|
|
100.0
|
304,679,540
|
Value ($) at
10/31/2021
|
Purchases
Cost ($)
|
Sales
Proceeds ($)
|
Net Realized
Gain/
(Loss) ($)
|
Net Change in
Unrealized
Appreciation
(Depreciation) ($)
|
Income ($)
|
Capital Gain
Distributions ($)
|
Number
of Shares
at
7/31/2022
|
Value ($) at
7/31/2022
|
Securities Lending Collateral 0.1%
|
||||||||
DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", 1.55% (b) (c)
|
||||||||
3,825,448
|
—
|
3,608,448 (d)
|
—
|
—
|
13,883
|
—
|
217,000
|
217,000
|
*
|
Non-income producing security.
|
(a)
|
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 July 31, 2022 amounted to $204,848, which is 0.1% of net assets.
|
(b)
|
Affiliated fund managed by DWS Investment Management Americas, Inc. The rate shown is the annualized seven-day yield at
period end.
|
(c)
|
Represents cash collateral held in connection with securities lending. Income earned by the Fund is net of borrower rebates.
|
(d)
|
Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount invested in cash collateral for the
period
ended July 31, 2022.
|
144A: Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions
exempt from registration, normally to qualified institutional buyers.
|
ADR: American Depositary Receipt
|
Sector Diversification
|
Market Value ($)
|
As a % of Investment Portfolio excluding
Securities Lending Collateral
|
Financials
|
75,729,056
|
25%
|
Materials
|
50,857,047
|
17%
|
Energy
|
40,738,973
|
13%
|
Industrials
|
39,769,108
|
13%
|
Consumer Staples
|
28,010,782
|
9%
|
Utilities
|
16,984,608
|
6%
|
Information Technology
|
16,697,624
|
6%
|
Consumer Discretionary
|
13,461,257
|
4%
|
Real Estate
|
8,462,581
|
3%
|
Communication Services
|
6,605,699
|
2%
|
Health Care
|
5,705,396
|
2%
|
Total
|
303,022,131
|
100%
|
Assets
|
Level 1
|
Level 2
|
Level 3
|
Total
|
Equity Securities (a)
|
$303,022,131
|
$—
|
$—
|
$303,022,131
|
Short-Term Investments
|
217,000
|
—
|
—
|
217,000
|
Total
|
$303,239,131
|
$—
|
$—
|
$303,239,131
|
(a)
|
See Investment Portfolio for additional detailed categorizations.
|