0001752724-22-212544.txt : 20220922 0001752724-22-212544.hdr.sgml : 20220922 20220922113614 ACCESSION NUMBER: 0001752724-22-212544 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220731 FILED AS OF DATE: 20220922 DATE AS OF CHANGE: 20220922 PERIOD START: 20221031 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEUTSCHE DWS INTERNATIONAL FUND, INC. CENTRAL INDEX KEY: 0000088053 IRS NUMBER: 132827803 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-00642 FILM NUMBER: 221258499 BUSINESS ADDRESS: STREET 1: 875 THIRD AVENUE CITY: NEW YORK STATE: NY ZIP: 10022-6225 BUSINESS PHONE: 212-454-4500 MAIL ADDRESS: STREET 1: 875 THIRD AVENUE CITY: NEW YORK STATE: NY ZIP: 10022-6225 FORMER COMPANY: FORMER CONFORMED NAME: DEUTSCHE INTERNATIONAL FUND, INC. DATE OF NAME CHANGE: 20140811 FORMER COMPANY: FORMER CONFORMED NAME: DWS INTERNATIONAL FUND, INC. DATE OF NAME CHANGE: 20060207 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER INTERNATIONAL FUND INC DATE OF NAME CHANGE: 19920703 0000088053 S000006031 DWS Latin America Equity Fund C000016574 Class A SLANX C000016577 Class C SLAPX C000016579 Class S SLAFX C000152125 Institutional Class SLARX NPORT-P 1 primary_doc.xml NPORT-P false 0000088053 XXXXXXXX S000006031 C000016577 C000016579 C000016574 C000152125 DEUTSCHE DWS INTERNATIONAL FUND, INC. 811-00642 0000088053 549300UT7NMHUZHXST73 875 Third Avenue NEW YORK 10022-6225 212-454-4500 DWS Latin America Equity Fund S000006031 549300KVAI286X4TG844 2022-10-31 2022-07-31 N 307202724.88 2426608.35 304776116.53 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 3152636.48000000 N Banco do Brasil SA QE0Q0253K88YAGNPE356 Banco do Brasil SA 000000000 2229500.00000000 NS 15499336.12000000 5.085482516302 Long EC CORP BR N 1 N N N America Movil SAB de CV 5493000FNR3UCEAONM59 America Movil SAB de CV 02364W105 348954.00000000 NS USD 6605699.22000000 2.167393985857 Long EC CORP MX N 1 N N N CCR SA N/A CCR SA 000000000 1927295.00000000 NS 4838631.27000000 1.587601851841 Long EC CORP BR N 1 N N N Empresas COPEC SA 549300Q3IDJYG6Z7PA50 Empresas Copec SA 000000000 475737.00000000 NS 3896281.28000000 1.278407679827 Long EC CORP CL N 1 N N N Grupo Mexico SAB de CV 529900JWLZAYET2ZGW20 Grupo Mexico SAB de CV 000000000 721765.00000000 NS 2860434.84000000 0.938536415703 Long EC CORP MX N 1 N N N Grupo Aeroportuario del Pacifico SAB de CV 4469000001BZ368XFI90 Grupo Aeroportuario del Pacifico SAB de CV 000000000 384016.00000000 NS 5198264.22000000 1.705600910984 Long EC CORP MX N 1 N N N Suzano SA 391200AW174YQSDMGG41 Suzano SA 000000000 943700.00000000 NS 8807574.84000000 2.889850733803 Long EC CORP BR N 1 N N N Regional SAB de CV N/A Regional SAB de CV 000000000 864795.00000000 NS 4735150.86000000 1.553648925615 Long EC CORP MX N 1 N N N Banco Bradesco SA 549300CTUU1RFXHQJE44 Banco Bradesco SA 000000000 3990937.00000000 NS 13444276.67000000 4.411197577772 Long EP CORP BR N 1 N N N Klabin SA N/A Klabin SA 000000000 646800.00000000 NS 2491394.45000000 0.817450684248 Long EC CORP BR N 1 N N N Grupo Aeroportuario del Sureste SAB de CV 5299001W7JIDXCUOUC82 Grupo Aeroportuario del Sureste SAB de CV 000000000 70261.00000000 NS 1320915.76000000 0.433405273037 Long EC CORP MX N 1 N N N DWS N/A DWS Government & Agency Securities Portfolio DWS Government Cash Institutional Shares 147539670 217000.00000000 NS USD 217000.00000000 0.071199804784 Long STIV RF US N 1 N N Banco BTG Pactual SA ZXLTQRYIK6IJH3R0IK66 Banco BTG Pactual SA 000000000 1371200.00000000 NS 5970726.50000000 1.959053277526 Long EC CORP BR N 1 N N N Vale SA 254900SMTWBX7RU2SR20 Vale SA 000000000 1282307.00000000 NS 17286274.57000000 5.671794354102 Long EC CORP BR N 1 N N N Petroleo Brasileiro SA 5493000J801JZRCMFE49 Petroleo Brasileiro SA 000000000 2210434.00000000 NS 14589265.98000000 4.786879676171 Long EP CORP BR N 1 N N N Globant SA 2221008DCMSPYS42DS88 Globant SA 000000000 34158.00000000 NS USD 6805639.92000000 2.232996468845 Long EC CORP LU N 1 N N N Banco Bradesco SA 549300CTUU1RFXHQJE44 Banco Bradesco SA 059460303 372680.00000000 NS USD 1237297.60000000 0.405969343689 Long EC CORP BR N 1 N N N Cencosud SA 549300NLTGCFV7482429 Cencosud SA 000000000 4469863.00000000 NS 6106316.01000000 2.003541510904 Long EC CORP CL N 1 N N N Sequoia Logistica e Transportes SA N/A Sequoia Logistica e Transportes SA 000000000 1780656.00000000 NS 1910021.22000000 0.626696488473 Long EC CORP BR N 1 N N N Itau Unibanco Holding SA 5493002W2IVG62O3ZJ94 Itau Unibanco Holding SA 000000000 1456500.00000000 NS 6648988.23000000 2.181597529918 Long EP CORP BR N 1 N N N Gentera SAB de CV N/A Gentera SAB de CV 000000000 5573826.00000000 NS 4500511.44000000 1.476661456035 Long EC CORP MX N 1 N N N Gerdau SA 254900YDV6SEQQPZVG24 Gerdau SA 373737105 937200.00000000 NS USD 4423584.00000000 1.451420816816 Long EC CORP BR N 1 N N Wal-Mart de Mexico SAB de CV N/A Wal-Mart de Mexico SAB de CV 000000000 981667.00000000 NS 3568778.86000000 1.170950959226 Long EC CORP MX N 1 N N N Gerdau SA 254900YDV6SEQQPZVG24 Gerdau SA 000000000 1128000.00000000 NS 5332498.41000000 1.749644450724 Long EP CORP BR N 1 N N N Vibra Energia SA 549300U7VLJ3SYVNY689 Vibra Energia SA 000000000 605000.00000000 NS 1946860.32000000 0.638783754503 Long EC CORP BR N 1 N N N Hapvida Participacoes e Investimentos S/A N/A Hapvida Participacoes e Investimentos S/A 000000000 4792255.00000000 NS 5705396.26000000 1.871995852220 Long EC CORP BR N 1 N N N Petroleo Brasileiro SA 5493000J801JZRCMFE49 Petroleo Brasileiro SA 71654V101 419900.00000000 NS USD 5513287.00000000 1.808962940656 Long EC CORP BR N 1 N N N Localiza Rent a Car SA N/A Localiza Rent a Car SA 000000000 922300.00000000 NS 10269168.16000000 3.369413678774 Long EC CORP BR N 1 N N N Cosan SA 549300PGFCX2JMKKLC96 Cosan SA 000000000 740100.00000000 NS 2670545.02000000 0.876231723930 Long EC CORP BR N 1 N N N Energisa SA N/A Energisa SA 000000000 814221.00000000 NS 6930343.99000000 2.273913083775 Long EC CORP BR N 1 N N N Grupo Financiero Banorte SAB de CV N/A Grupo Financiero Banorte SAB de CV 000000000 2355934.00000000 NS 13426818.68000000 4.405469441920 Long EC CORP MX N 1 N N N Lojas Renner SA N/A Lojas Renner SA 000000000 1847220.00000000 NS 9028854.06000000 2.962454592176 Long EC CORP BR N 1 N N N WEG SA N/A WEG SA 000000000 775602.00000000 NS 4203219.90000000 1.379117218191 Long EC CORP BR N 1 N N N Fomento Economico Mexicano SAB de CV 549300A8MDWDJNMLV153 Fomento Economico Mexicano SAB de CV 000000000 936400.00000000 NS 5811646.91000000 1.906857721060 Long EC CORP MX N 1 N N N Fomento Economico Mexicano SAB de CV 549300A8MDWDJNMLV153 Fomento Economico Mexicano SAB de CV 344419106 113424.00000000 NS USD 7030019.52000000 2.306617591968 Long EC CORP MX N 1 N N N Petroleo Brasileiro SA 5493000J801JZRCMFE49 Petroleo Brasileiro SA 000000000 45900.00000000 NS 327876.15000000 0.107579345039 Long EC CORP BR N 1 N N N Vale SA 254900SMTWBX7RU2SR20 Vale SA 91912E105 608400.00000000 NS USD 8189064.00000000 2.686911327972 Long EC CORP BR N 1 N N N Parque Arauco SA 2549001WW2PV1Y0UEU97 Parque Arauco SA 000000000 2866850.00000000 NS 2421121.80000000 0.794393546175 Long EC CORP CL N 1 N N N Sendas Distribuidora SA N/A Sendas Distribuidora SA 000000000 758000.00000000 NS 2322007.69000000 0.761873245330 Long EC CORP BR N 1 N N N Grupo Aeroportuario del Sureste SAB de CV 5299001W7JIDXCUOUC82 Grupo Aeroportuario del Sureste SAB de CV 40051E202 8977.00000000 NS USD 1685970.37000000 0.553183231414 Long EC CORP MX N 1 N N N Grupo Aeroportuario del Pacifico SAB de CV 4469000001BZ368XFI90 Grupo Aeroportuario del Pacifico SAB de CV 400506101 4251.00000000 NS USD 574055.04000000 0.188353026653 Long EC CORP MX N 1 N N N Petroleo Brasileiro SA 5493000J801JZRCMFE49 Petroleo Brasileiro SA 71654V408 951000.00000000 NS USD 13580280.00000000 4.455821589505 Long EC CORP BR N 1 N N N Centrais Eletricas Brasileiras SA 254900I8KYDELP4B4Z08 Centrais Eletricas Brasileiras SA 000000000 783400.00000000 NS 6935999.30000000 2.275768645840 Long EC CORP BR N 1 N N N Multiplan Empreendimentos Imobiliarios SA N/A Multiplan Empreendimentos Imobiliarios SA 000000000 1313408.00000000 NS 6041458.50000000 1.982261132789 Long EC CORP BR N 1 N N N Rumo SA N/A Rumo SA 000000000 2791700.00000000 NS 9463755.63000000 3.105150015607 Long EC CORP BR N 1 N N N Credicorp Ltd 529900UYAEYQCQ2BKB17 Credicorp Ltd 000000000 79335.00000000 NS USD 10265949.00000000 3.368357441154 Long EC CORP BM N 1 N N N Centrais Eletricas Brasileiras SA 254900I8KYDELP4B4Z08 Centrais Eletricas Brasileiras SA 000000000 273910.00000000 NS 2505587.50000000 0.822107561618 Long EP CORP BR N 1 N N N TOTVS SA N/A TOTVS SA 000000000 1940922.00000000 NS 9891983.75000000 3.245655815365 Long EC CORP BR N 1 N N N MercadoLibre Inc 549300DKPDN9M5S8GB14 MercadoLibre Inc 58733R102 3600.00000000 NS USD 2929356.00000000 0.961150116797 Long EC CORP US N 1 N N N Cemex SAB de CV 549300RIG2CXWN6IV731 Cemex SAB de CV 151290889 589870.00000000 NS USD 2365378.70000000 0.776103694387 Long EC CORP MX N 1 N N N Coca-Cola Femsa SAB de CV 5493008KEVFYPMGTXO33 Coca-Cola Femsa SAB de CV 191241108 52665.00000000 NS USD 3172012.95000000 1.040768215736 Long EC CORP MX N 1 N N N 2022-08-26 DEUTSCHE DWS INTERNATIONAL FUND, INC. Diane Kenneally Diane Kenneally Treasurer and Chief Financial Officer XXXX NPORT-EX 2 NPORT_KEC4_10304863_0722.htm EDGAR HTML
Investment Portfolioas of July 31, 2022 (Unaudited)
DWS Latin America Equity Fund  
 
 
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
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.
A summary of the Fund’s transactions with affiliated investments during the period ended July 31, 2022 are as follows: 
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
At July 31, 2022 the DWS Latin America Equity Fund had the following sector diversification: 
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%
Sector diversification is subject to change.
Fair Value Measurements
Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds and credit risk). Level 3 includes significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.
The following is a summary of the inputs used as of July 31, 2022 in valuing the Fund's investments.  
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.
OBTAIN AN OPEN-END FUND PROSPECTUS
To obtain a summary prospectus, if available, or prospectus, download one from fundsus.dws.com, talk to your financial representative or call (800) 728-3337. We advise you to carefully consider the product's objectives, risks, charges and expenses before investing. The summary prospectus and prospectus contain this and other important information about the investment product. Please read the prospectus carefully before you invest.
CLOSED-END FUNDS
Closed-end funds, unlike open-end funds, are not continuously offered. There is a one time public offering and once issued, shares of closed-end funds are sold in the open market through a stock exchange. Shares of closed-end funds frequently trade at a discount to net asset value. The price of the fund’s shares is determined by a number of factors, several of which are beyond the control of the fund. Therefore, the fund cannot predict whether its shares will trade at, below or above net asset value.
The brand DWS represents DWS Group GmbH & Co. KGaA and any of its subsidiaries such as DWS Distributors, Inc. which offers investment products or DWS Investment Management Americas Inc. and RREEF America L.L.C. which offer advisory services.
NO BANK GUARANTEE | NOT FDIC INSURED | MAY LOSE VALUE
DLAEF-PH3
R-080548-1 (1/23)