0001752724-23-065413.txt : 20230324 0001752724-23-065413.hdr.sgml : 20230324 20230324121346 ACCESSION NUMBER: 0001752724-23-065413 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230131 FILED AS OF DATE: 20230324 DATE AS OF CHANGE: 20230324 PERIOD START: 20231031 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: 23758825 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 S000006028 DWS Emerging Markets Equity Fund C000016557 Class A SEKAX C000016560 Class C SEKCX C000016561 Class S SEMGX C000063926 Institutional Class SEKIX C000205760 Class R6 SEKRX NPORT-P 1 primary_doc.xml NPORT-P false 0000088053 XXXXXXXX S000006028 C000063926 C000016557 C000016561 C000205760 C000016560 DEUTSCHE DWS INTERNATIONAL FUND, INC. 811-00642 0000088053 549300UT7NMHUZHXST73 875 Third Avenue NEW YORK 10022-6225 212-454-4500 DWS Emerging Markets Equity Fund S000006028 549300V295OG0NZ7UA89 2023-10-31 2023-01-31 N 185947075.49 1314411.01 184632664.48 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 9568953.51000000 UST Ping An Insurance Group Co of China Ltd 529900M9MC28JLN35U89 Ping An Insurance Group Co of China Ltd 000000000 579500.00000000 NS 4481433.80000000 2.427216122684 Long EC CORP CN N 2 N N N Axis Bank Ltd 549300HVNWMJPOFVNI41 Axis Bank Ltd 000000000 277906.00000000 NS 2976358.54000000 1.612043323093 Long EC CORP IN N 2 N N N Larsen & Toubro Ltd 3358003FR3JIC5FRXA90 Larsen & Toubro Ltd 000000000 141384.00000000 NS 3679481.24000000 1.992865807555 Long EC CORP IN N 2 N N N Kweichow Moutai Co Ltd N/A Kweichow Moutai Co Ltd 000000000 14300.00000000 NS 3918524.29000000 2.122335341385 Long EC CORP CN N 2 N N N H World Group Ltd 549300Y5ML31FVN83730 H World Group Ltd 44332N106 20049.00000000 NS USD 951926.52000000 0.515578607220 Long EC CORP KY N 1 N N N Pinduoduo Inc 5493000573DS7005T657 Pinduoduo Inc 722304102 20135.00000000 NS USD 1972827.30000000 1.068514775300 Long EC CORP KY N 1 N N N Tongcheng Travel Holdings Ltd 2549004WGGNOPL8NUL61 Tongcheng Travel Holdings Ltd 000000000 1111600.00000000 NS 2520094.02000000 1.364923171692 Long EC CORP KY N 2 N N N DWS N/A DWS Government & Agency Securities Portfolio DWS Government Cash Institutional Shares 147539670 377216.00000000 NS USD 377216.00000000 0.204306210421 Long STIV RF US N 1 N N China Tourism Group Duty Free Corp Ltd N/A China Tourism Group Duty Free Corp Ltd 000000000 59600.00000000 NS 1879987.83000000 1.018231435534 Long EC CORP CN N 2 N N N Samsung Electronics Co Ltd 9884007ER46L6N7EI764 Samsung Electronics Co Ltd 000000000 240955.00000000 NS 12010984.90000000 6.505341258995 Long EC CORP KR N 2 N N N Air China Ltd 213800I9TWC9K22N4502 Air China Ltd 000000000 2354000.00000000 NS 2100064.37000000 1.137428404618 Long EC CORP CN N 2 N N N Reliance Industries Ltd 5493003UOETFYRONLG31 Reliance Industries Ltd 000000000 57392.00000000 NS 1661966.50000000 0.900147601011 Long EC CORP IN N 2 N N N Banco Bradesco SA 549300CTUU1RFXHQJE44 Banco Bradesco SA 059460303 666210.56200000 NS USD 1858727.47000000 1.006716484991 Long EC CORP BR N 1 N N N Alibaba Group Holding Ltd 5493001NTNQJDH60PM02 Alibaba Group Holding Ltd 01609W102 77962.00000000 NS USD 8591412.40000000 4.653246176236 Long EC CORP KY N 1 N N N Hyundai Motor Co 9884004RQX8PRBXQ8S60 Hyundai Motor Co 000000000 6972.00000000 NS 953093.43000000 0.516210624314 Long EC CORP KR N 2 N N N CSPC Pharmaceutical Group Ltd 529900M3XQCW234H8O91 CSPC Pharmaceutical Group Ltd 000000000 744000.00000000 NS 849992.87000000 0.460369714315 Long EC CORP HK N 2 N N N MediaTek Inc 254900UEGBK1I4DM4E14 MediaTek Inc 000000000 39000.00000000 NS 940620.05000000 0.509454842483 Long EC CORP TW N 2 N N N FirstRand Ltd 529900XYOP8CUZU7R671 FirstRand Ltd 000000000 672038.00000000 NS 2496358.46000000 1.352067613296 Long EC CORP ZA N 2 N N N Bank Central Asia Tbk PT 254900BR956G2OHVOM21 Bank Central Asia Tbk PT 000000000 4889400.00000000 NS 2771626.92000000 1.501157407767 Long EC CORP ID N 2 N N N DWS 5493003GD84DGSXJ7618 DWS Central Cash Management Government Fund 25160K306 8484598.43000000 NS USD 8484598.43000000 4.595394024072 Long STIV RF US N 1 N N N China Eastern Airlines Corp Ltd 3003000KIOQE39Q7Y685 China Eastern Airlines Corp Ltd 000000000 2102000.00000000 NS 843612.35000000 0.456913922775 Long EC CORP CN N 2 N N KB Financial Group Inc 529900TKE4MXG3Q6GW86 KB Financial Group Inc 000000000 32240.00000000 NS 1468476.85000000 0.795350516191 Long EC CORP KR N 2 N N N China Mengniu Dairy Co Ltd 2549005Q343BSJ8RSS21 China Mengniu Dairy Co Ltd 000000000 512000.00000000 NS 2469632.85000000 1.337592596063 Long EC CORP KY N 2 N N N Galaxy Entertainment Group Ltd 549300ZSEBV3HR826S10 Galaxy Entertainment Group Ltd 000000000 185000.00000000 NS 1284161.58000000 0.695522422111 Long EC CORP HK N 2 N N N Maruti Suzuki India Ltd 335800D27PBEESKKD357 Maruti Suzuki India Ltd 000000000 10439.00000000 NS 1140780.06000000 0.617864700817 Long EC CORP IN N 2 N N N ANTA Sports Products Ltd 529900291XG0CTK4LF95 ANTA Sports Products Ltd 000000000 127400.00000000 NS 1926916.96000000 1.043649001885 Long EC CORP KY N 2 N N N Bharti Airtel Ltd 335800KQ1FPKOQ84OR26 Bharti Airtel Ltd 000000000 314892.00000000 NS 2979382.98000000 1.613681408103 Long EC CORP IN N 2 N N N Antofagasta PLC 213800MY6QVH4FVLD628 Antofagasta PLC 000000000 136477.00000000 NS 2929489.75000000 1.586658437850 Long EC CORP GB N 2 N N N Rio Tinto PLC 213800YOEO5OQ72G2R82 Rio Tinto PLC 000000000 32682.00000000 NS 2549510.81000000 1.380855774995 Long EC CORP GB N 2 N N N Yum China Holdings Inc 529900DO9BYZ7VA3K502 Yum China Holdings Inc 98850P109 66702.00000000 NS USD 4109510.22000000 2.225776371463 Long EC CORP US N 1 N N N JD.com Inc 549300HVTWB0GJZ16V92 JD.com Inc 000000000 88071.00000000 NS 2605256.44000000 1.411048498561 Long EC CORP KY N 2 N N N Fomento Economico Mexicano SAB de CV 549300A8MDWDJNMLV153 Fomento Economico Mexicano SAB de CV 344419106 34817.00000000 NS USD 3056932.60000000 1.655683520903 Long EC CORP MX N 1 N N N Vale SA 254900SMTWBX7RU2SR20 Vale SA 91912E105 209961.00000000 NS USD 3922071.48000000 2.124256556144 Long EC CORP BR N 1 N N N Trip.com Group Ltd 2549004RMYDSRQL4KW41 Trip.com Group Ltd 89677Q107 78437.00000000 NS USD 2883344.12000000 1.561665227613 Long EC CORP KY N 1 N N N Itau Unibanco Holding SA 5493002W2IVG62O3ZJ94 Itau Unibanco Holding SA 465562106 464387.00000000 NS USD 2312647.26000000 1.252566693176 Long EC CORP BR N 1 N N N Elang Mahkota Teknologi Tbk PT 254900EYBP9KM4RW7F31 Elang Mahkota Teknologi Tbk PT 000000000 14584700.00000000 NS 1057756.27000000 0.572897690112 Long EC CORP ID N 2 N N N Naspers Ltd 21380044BQ8812EEKT59 Naspers Ltd 000000000 20802.00000000 NS 4021822.72000000 2.178283420935 Long EC CORP ZA N 2 N N N JD.com Inc 549300HVTWB0GJZ16V92 JD.com Inc 47215P106 64004.00000000 NS USD 3810158.12000000 2.063642492909 Long EC CORP KY N 1 N N N Samsung SDI Co Ltd 9884002AESDO4YW87G32 Samsung SDI Co Ltd 000000000 3990.00000000 NS 2240417.50000000 1.213445901520 Long EC CORP KR N 2 N N N Anglo American Platinum Ltd 529900RORCZ0E5S5FX81 Anglo American Platinum Ltd 000000000 25478.00000000 NS 1897151.97000000 1.027527807900 Long EC CORP ZA N 2 N N N Longfor Group Holdings Ltd 254900UJX27B2F1JYR13 Longfor Group Holdings Ltd 000000000 606000.00000000 NS 2005323.68000000 1.086115333734 Long EC CORP KY N 2 N N N BeiGene Ltd 549300JFUK6FRD5MH739 BeiGene Ltd 07725L102 9286.00000000 NS USD 2377216.00000000 1.287538154039 Long EC CORP KY N 1 N N N Petroleo Brasileiro SA 5493000J801JZRCMFE49 Petroleo Brasileiro SA 71654V408 110826.00000000 NS USD 1285581.60000000 0.696291527623 Long EC CORP BR N 1 N N N Alibaba Group Holding Ltd 5493001NTNQJDH60PM02 Alibaba Group Holding Ltd 000000000 192000.00000000 NS 2639666.19000000 1.429685368747 Long EC CORP KY N 2 N N N SK Hynix Inc 988400XAIK6XISWQV045 SK Hynix Inc 000000000 33112.00000000 NS 2400021.23000000 1.299889830848 Long EC CORP KR N 2 N N N Clicks Group Ltd 378900E967958A677472 Clicks Group Ltd 000000000 78036.00000000 NS 1194831.21000000 0.647139666951 Long EC CORP ZA N 2 N N N Taiwan Semiconductor Manufacturing Co Ltd 549300KB6NK5SBD14S87 Taiwan Semiconductor Manufacturing Co Ltd 000000000 678803.00000000 NS 11919740.57000000 6.455921872530 Long EC CORP TW N 2 N N N Sands China Ltd 549300EVO6UZDGY05787 Sands China Ltd 000000000 393600.00000000 NS 1479386.90000000 0.801259573524 Long EC CORP KY N 2 N N N ICICI Bank Ltd R7RX8ER1V4666J8D1I38 ICICI Bank Ltd 000000000 411616.00000000 NS 4237966.28000000 2.295350225235 Long EC CORP IN N 2 N N N ICICI Bank Ltd R7RX8ER1V4666J8D1I38 ICICI Bank Ltd 45104G104 57788.00000000 NS USD 1203724.04000000 0.651956165714 Long EC CORP IN N 1 N N N China Merchants Bank Co Ltd 549300MKO5B60FFIHF58 China Merchants Bank Co Ltd 000000000 604500.00000000 NS 3930217.37000000 2.128668500272 Long EC CORP CN N 2 N N N AIA Group Ltd ZP5ILWVSYE4LJGMMVD57 AIA Group Ltd 000000000 199800.00000000 NS 2257500.68000000 1.222698424657 Long EC CORP HK N 2 N N N Fubon Financial Holding Co Ltd 549300G7Y2TS2XNIB476 Fubon Financial Holding Co Ltd 000000000 827320.00000000 NS 1668792.15000000 0.903844482069 Long EC CORP TW N 2 N N N Tencent Holdings Ltd 254900N4SLUMW4XUYY11 Tencent Holdings Ltd 000000000 262800.00000000 NS 12798925.00000000 6.932102201984 Long EC CORP KY N 2 N N N KE Holdings Inc 254900RHVY072XPAZE03 KE Holdings Inc 482497104 134632.00000000 NS USD 2469150.88000000 1.337331553413 Long EC CORP KY N 1 N N N HDFC Bank Ltd 335800ZQ6I4E2JXENC50 HDFC Bank Ltd 40415F101 46031.00000000 NS USD 3100648.16000000 1.679360566415 Long EC CORP IN N 1 N N N Meituan 21380033K525E5JLIA77 Meituan 000000000 73980.00000000 NS 1652872.99000000 0.895222410755 Long EC CORP KY N 2 N N N BYD Co Ltd 5299005557VL7ULJ7A69 BYD Co Ltd 000000000 62500.00000000 NS 1968590.15000000 1.066219867185 Long EC CORP CN N 2 N N N 2023-03-01 DEUTSCHE DWS INTERNATIONAL FUND, INC. Diane Kenneally Diane Kenneally Treasurer and Chief Financial Officer XXXX NPORT-EX 2 NPORT_KEC6_15723960_0123.htm EDGAR HTML
Investment Portfolioas of January 31, 2023 (Unaudited)
DWS Emerging Markets Equity Fund  
 
 
Shares
Value ($)
 
Equity Securities 90.3%
 
Brazil 5.1%
 
Banco Bradesco SA (ADR)
 
   666,211
  1,858,727
Itaú Unibanco Holding SA (ADR) (Preferred)
 
   464,387
  2,312,647
Petroleo Brasileiro SA (ADR)
 
   110,826
  1,285,582
Vale SA (ADR)
 
   209,961
  3,922,072
(Cost $7,040,875)
 
 
9,379,028
Chile 1.6%
 
Antofagasta PLC (Cost $2,035,798)
 
   136,477
  2,929,490
China 38.4%
 
Air China Ltd. "H"*
 
 2,354,000
  2,100,064
Alibaba Group Holding Ltd.*
 
   192,000
  2,639,666
Alibaba Group Holding Ltd. (ADR)*
 
77,962
8,591,413
ANTA Sports Products Ltd.
 
127,400
1,926,917
BYD Co., Ltd. "H"
 
62,500
1,968,590
China Eastern Airlines Corp. Ltd. "H"* (a)
 
2,102,000
843,612
China Merchants Bank Co., Ltd. "H"
 
604,500
3,930,217
China Tourism Group Duty Free Corp. Ltd. "A"
 
59,600
1,879,988
CSPC Pharmaceutical Group Ltd.
 
744,000
849,993
H World Group Ltd. (ADR)
 
20,049
951,927
JD.com, Inc. (ADR)
 
64,004
3,810,158
JD.com, Inc. "A"
 
88,071
2,605,257
KE Holdings, Inc. (ADR)*
 
134,632
2,469,151
Kweichow Moutai Co., Ltd. "A"
 
14,300
3,918,524
Longfor Group Holdings Ltd. 144A
 
606,000
2,005,324
Meituan "B" 144A*
 
73,980
1,652,873
Pinduoduo, Inc. (ADR)*
 
20,135
1,972,827
Ping An Insurance Group Co. of China Ltd. "H"
 
579,500
4,481,434
Tencent Holdings Ltd.
 
262,800
12,798,925
Tongcheng Travel Holdings Ltd.*
 
1,111,600
2,520,094
Trip.com Group Ltd. (ADR)*
 
78,437
2,883,344
Yum China Holdings, Inc. (b)
 
66,702
4,109,510
(Cost $57,968,860)
 
 
70,909,808
Hong Kong 3.2%
 
AIA Group Ltd.
 
199,800
2,257,501
China Mengniu Dairy Co., Ltd.*
 
512,000
2,469,633
Galaxy Entertainment Group Ltd.
 
185,000
1,284,161
(Cost $5,487,452)
 
 
6,011,295
India 11.4%
 
Axis Bank Ltd.
 
277,906
2,976,359
Bharti Airtel Ltd.
 
314,892
2,979,383
HDFC Bank Ltd. (ADR)
 
46,031
3,100,648
ICICI Bank Ltd.
 
411,616
4,237,966
ICICI Bank Ltd. (ADR)
 
57,788
1,203,724
Larsen & Toubro Ltd.
 
141,384
3,679,481
Maruti Suzuki India Ltd.
 
    10,439
  1,140,780
Reliance Industries Ltd.
 
    57,392
  1,661,967
(Cost $16,149,871)
 
 
20,980,308
Indonesia 2.1%
 
PT Bank Central Asia Tbk
 
 4,889,400
  2,771,627
PT Elang Mahkota Teknologi Tbk
 
14,584,700
  1,057,756
(Cost $4,853,549)
 
 
3,829,383
Korea 10.3%
 
Hyundai Motor Co.
 
     6,972
    953,093
KB Financial Group, Inc.
 
    32,240
  1,468,477
Samsung Electronics Co., Ltd.
 
   240,955
 12,010,985
Samsung SDI Co., Ltd.
 
     3,990
  2,240,418
SK Hynix, Inc.
 
    33,112
  2,400,021
(Cost $14,314,143)
 
 
19,072,994
Macau 0.8%
 
Sands China Ltd.* (Cost $1,059,997)
 
393,600
1,479,387
Mexico 1.6%
 
Fomento Economico Mexicano SAB de CV (ADR) (Cost $2,548,823)
 
34,817
3,056,932
South Africa 5.2%
 
Anglo American Platinum Ltd.
 
25,478
1,897,152
Clicks Group Ltd.
 
78,036
1,194,831
FirstRand Ltd.
 
672,038
2,496,358
Naspers Ltd. "N"
 
20,802
4,021,823
(Cost $11,815,326)
 
 
9,610,164
Taiwan 7.9%
 
Fubon Financial Holding Co., Ltd.
 
827,320
1,668,792
MediaTek, Inc.
 
39,000
940,620
Taiwan Semiconductor Manufacturing Co., Ltd.
 
678,803
11,919,741
(Cost $7,574,604)
 
 
14,529,153
United Kingdom 1.4%
 
Rio Tinto PLC (Cost $2,035,635)
 
32,682
2,549,511
United States 1.3%
 
BeiGene Ltd. (ADR)* (Cost $1,921,765)
 
9,286
2,377,216
Total Equity Securities (Cost $134,806,698)
 
 
166,714,669
 
Securities Lending Collateral 0.2%
 
DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional
Shares", 4.12% (c) (d) (Cost $377,216)
 
377,216
377,216
 
Cash Equivalents 4.6%
 
DWS Central Cash Management Government Fund, 4.26% (c) (Cost $8,484,598)
 
8,484,598
8,484,598
 
 
 
 
% of
Net Assets
Value ($)
Total Investment Portfolio (Cost $143,668,512)
 
95.1
175,576,483
Other Assets and Liabilities, Net
 
4.9
8,990,833
Net Assets
 
100.0
184,567,316
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 January 31, 2023 are as follows: 
Value ($) at
10/31/2022
Purchases
Cost ($)
Sales
Proceeds ($)
Net Realized
Gain/
(Loss) ($)
Net Change in
Unrealized
Appreciation
(Depreciation) ($)
Income ($)
Capital Gain
Distributions ($)
Number
of Shares
at
1/31/2023
Value ($) at
1/31/2023
Securities Lending Collateral 0.2%
DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", 4.12% (c) (d)
3,430,908
—
3,053,692 (e)
—
—
11,552
—
377,216
377,216
Cash Equivalents 4.6%
DWS Central Cash Management Government Fund, 4.26% (c)
7,794,443
43,476,850
42,786,695
—
—
64,337
—
8,484,598
8,484,598
11,225,351
43,476,850
45,840,387
—
—
75,889
—
8,861,814
8,861,814
 
*
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 January 31, 2023 amounted to $674,826, which is 0.4% of net assets.
(b)
Listed on the New York Stock Exchange.
(c)
Affiliated fund managed by DWS Investment Management Americas, Inc. The rate shown is the annualized seven-day yield at
period end.
(d)
Represents cash collateral held in connection with securities lending. Income earned by the Fund is net of borrower rebates. In
addition, the Fund held non-cash U.S. Treasury securities collateral having a value of $344,274.
(e)
Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount invested in cash collateral for the period
ended January 31, 2023.
 
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 January 31, 2023 the DWS Emerging Markets Equity Fund had the following sector diversification: 
Sector Diversification
Market Value ($)
As a % of Investment Portfolio excluding
Securities Lending Collateral
and Cash Equivalents
Consumer Discretionary
46,391,808
28%
Financials
34,764,477
21%
Information Technology
29,511,785
18%
Communication Services
16,836,064
10%
Materials
11,298,225
7%
Consumer Staples
10,639,920
6%
Industrials
6,623,157
4%
Real Estate
4,474,475
2%
Health Care
3,227,209
2%
Energy
2,947,549
2%
Total
166,714,669
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 January 31, 2023 in valuing the Fund's investments.  
Assets
Level 1
Level 2
Level 3
Total
Equity Securities
 
 
 
 
Brazil
$9,379,028
$—
$—
$9,379,028
Chile
—
2,929,490
—
2,929,490
China
24,788,330
46,121,478
—
70,909,808
Hong Kong
—
6,011,295
—
6,011,295
India
4,304,372
16,675,936
—
20,980,308
Indonesia
—
3,829,383
—
3,829,383
Korea
—
19,072,994
—
19,072,994
Macau
—
1,479,387
—
1,479,387
Mexico
3,056,932
—
—
3,056,932
South Africa
—
9,610,164
—
9,610,164
Taiwan
—
14,529,153
—
14,529,153
United Kingdom
—
2,549,511
—
2,549,511
United States
2,377,216
—
—
2,377,216
Short-Term Investments (a)
8,861,814
—
—
8,861,814
Total
$52,767,692
$122,808,791
$—
$175,576,483
 
(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
DEMEF-PH1
R-080548-2 (1/25)