|
|
|
Shares
|
Value ($)
|
|
|
|||
|
Common Stocks 95.6%
|
|
||
|
Brazil 0.4%
|
|
||
|
Pagseguro Digital Ltd. "A"* (Cost $5,482,544)
|
|
175,684
|
1,770,895
|
|
Canada 8.6%
|
|
||
|
Agnico Eagle Mines Ltd.
|
|
63,100
|
3,387,623
|
|
Alimentation Couche-Tard, Inc.
|
|
140,430
|
8,010,083
|
|
Brookfield Asset Management Ltd. "A" (a)
|
|
101,800
|
3,564,257
|
|
Brookfield Corp.
|
|
407,300
|
14,365,583
|
|
Canadian National Railway Co.
|
|
36,600
|
4,247,051
|
|
Lululemon Athletica, Inc.*
|
|
6,200
|
2,770,160
|
|
(Cost $15,907,936)
|
|
|
36,344,757
|
|
China 4.7%
|
|
||
|
Alibaba Group Holding Ltd. (ADR)*
|
|
23,100
|
1,729,728
|
|
ANTA Sports Products Ltd.
|
|
204,000
|
2,122,480
|
|
BYD Co., Ltd. "H"
|
|
43,000
|
1,156,657
|
|
Meituan "B", 144A*
|
|
17,710
|
203,103
|
|
Minth Group Ltd.
|
|
476,633
|
1,032,629
|
|
Ping An Insurance Group Co. of China Ltd. "H"
|
|
1,120,500
|
5,149,933
|
|
Tencent Holdings Ltd.
|
|
171,800
|
7,193,433
|
|
Trip.com Group Ltd.*
|
|
33,650
|
1,181,374
|
|
(Cost $23,870,710)
|
|
|
19,769,337
|
|
Denmark 1.2%
|
|
||
|
Novo Nordisk AS "B" (Cost $3,090,861)
|
|
48,800
|
4,964,328
|
|
France 13.7%
|
|
||
|
Air Liquide SA
|
|
11,800
|
2,232,108
|
|
Airbus SE
|
|
32,186
|
4,780,347
|
|
Capgemini SE
|
|
37,800
|
7,741,586
|
|
Cie de Saint-Gobain SA
|
|
51,900
|
3,381,019
|
|
LVMH Moet Hennessy Louis Vuitton SE
|
|
9,511
|
7,277,089
|
|
Schneider Electric SE
|
|
28,220
|
5,196,784
|
|
Teleperformance SE
|
|
28,900
|
4,043,697
|
|
TotalEnergies SE
|
|
196,700
|
13,379,956
|
|
Vinci SA
|
|
83,939
|
10,270,878
|
|
(Cost $41,251,147)
|
|
|
58,303,464
|
|
Germany 12.4%
|
|
||
|
adidas AG
|
|
7,300
|
1,533,204
|
|
Allianz SE (Registered)
|
|
42,950
|
10,800,392
|
|
Auto1 Group SE 144A* (a)
|
|
89,671
|
565,200
|
|
Brenntag SE
|
|
39,500
|
3,413,133
|
|
Deutsche Boerse AG
|
|
57,600
|
10,940,065
|
|
Deutsche Post AG
|
|
71,000
|
3,334,529
|
|
Deutsche Telekom AG (Registered)
|
|
180,851
|
4,330,756
|
|
Evotec SE*
|
|
123,360
|
2,506,332
|
|
SAP SE
|
|
51,200
|
8,132,054
|
|
Siemens Healthineers AG 144A
|
|
63,000
|
3,637,606
|
|
TeamViewer SE 144A*
|
|
114,600
|
1,661,841
|
|
Wacker Chemie AG
|
|
8,460
|
1,037,014
|
|
Zalando SE 144A*
|
|
34,000
|
810,107
|
|
(Cost $52,397,622)
|
|
|
52,702,233
|
|
Hong Kong 1.1%
|
|
||
|
Techtronic Industries Co., Ltd. (Cost $916,192)
|
|
449,501
|
4,570,845
|
|
Ireland 3.9%
|
|
||
|
Experian PLC
|
|
128,700
|
4,725,251
|
|
Flutter Entertainment PLC*
|
|
7,500
|
1,170,589
|
|
ICON PLC* (b)
|
|
20,400
|
5,445,576
|
|
Kerry Group PLC "A"
|
|
62,170
|
5,021,125
|
|
(Cost $12,627,489)
|
|
|
16,362,541
|
|
Israel 0.6%
|
|
||
|
CyberArk Software Ltd.* (b) (Cost $2,115,426)
|
|
12,500
|
2,490,875
|
|
Italy 0.5%
|
|
||
|
Stevanato Group SpA (c) (Cost $2,341,638)
|
|
76,300
|
2,013,557
|
|
Japan 6.8%
|
|
||
|
Anycolor, Inc.*
|
|
16,400
|
427,168
|
|
Daikin Industries Ltd.
|
|
32,200
|
4,818,555
|
|
Fast Retailing Co., Ltd.
|
|
21,200
|
5,381,807
|
|
Hoya Corp.
|
|
54,300
|
6,110,465
|
|
Keyence Corp.
|
|
15,300
|
6,551,081
|
|
Lasertec Corp.
|
|
8,900
|
1,968,612
|
|
MISUMI Group, Inc.
|
|
118,789
|
1,931,137
|
|
Shiseido Co., Ltd.
|
|
62,300
|
1,671,554
|
|
(Cost $20,512,555)
|
|
|
28,860,379
|
|
Korea 1.5%
|
|
||
|
Samsung Electronics Co., Ltd. (Cost $4,953,388)
|
|
116,442
|
6,586,109
|
|
Netherlands 7.3%
|
|
||
|
Adyen NV 144A*
|
|
1,800
|
2,101,872
|
|
Argenx SE*
|
|
2,700
|
1,203,150
|
|
ASML Holding NV
|
|
13,750
|
9,363,157
|
|
DSM BV* (a) (d)
|
|
26,293
|
2,673,675
|
|
ING Groep NV
|
|
419,600
|
5,881,407
|
|
NXP Semiconductors NV (b)
|
|
10,001
|
2,041,004
|
|
Prosus NV
|
|
86,574
|
2,869,789
|
|
Universal Music Group NV
|
|
179,200
|
4,731,131
|
|
(Cost $24,659,214)
|
|
|
30,865,185
|
|
Norway 0.4%
|
|
||
|
Mowi ASA (Cost $2,165,238)
|
|
94,500
|
1,681,740
|
|
Singapore 3.4%
|
|
||
|
DBS Group Holdings Ltd.
|
|
565,000
|
13,439,395
|
|
Sea Ltd. (ADR)*
|
|
30,000
|
1,086,600
|
|
(Cost $10,140,598)
|
|
|
14,525,995
|
|
Sweden 2.8%
|
|
||
|
Assa Abloy AB "B"
|
|
180,395
|
4,626,793
|
|
Hexagon AB "B"
|
|
261,400
|
2,613,783
|
|
Spotify Technology SA* (c)
|
|
24,578
|
4,549,634
|
|
(Cost $9,796,626)
|
|
|
11,790,210
|
|
Switzerland 7.7%
|
|
||
|
Alcon, Inc.
|
|
53,800
|
4,050,615
|
|
Lonza Group AG (Registered)
|
|
24,300
|
9,411,975
|
|
Nestle SA (Registered)
|
|
104,018
|
11,833,442
|
|
Roche Holding AG (Genusschein)
|
|
23,609
|
6,343,317
|
|
Sportradar Holding AG "A"* (b)
|
|
125,700
|
1,264,542
|
|
(Cost $22,745,040)
|
|
|
32,903,891
|
|
Taiwan 1.9%
|
|
||
|
Taiwan Semiconductor Manufacturing Co., Ltd. (Cost $2,730,471)
|
|
451,000
|
8,285,090
|
|
United Kingdom 4.6%
|
|
||
|
AstraZeneca PLC
|
|
61,900
|
7,943,276
|
|
Farfetch Ltd. "A"* (a) (c)
|
|
70,000
|
81,900
|
|
Halma PLC
|
|
109,300
|
2,944,742
|
|
Rentokil Initial PLC
|
|
1,494,730
|
8,087,513
|
|
VTEX "A"* (c)
|
|
67,294
|
462,310
|
|
(Cost $21,935,884)
|
|
|
19,519,741
|
|
United States 8.5%
|
|
||
|
Marsh & McLennan Companies, Inc.
|
|
44,245
|
8,823,338
|
|
Mastercard, Inc. "A"
|
|
12,970
|
5,367,375
|
|
NVIDIA Corp.
|
|
23,950
|
11,201,415
|
|
Schlumberger NV
|
|
131,380
|
6,837,015
|
|
Thermo Fisher Scientific, Inc.
|
|
7,600
|
3,767,776
|
|
(Cost $12,022,144)
|
|
|
35,996,919
|
|
Uruguay 3.6%
|
|
||
|
Globant SA*
|
|
54,500
|
12,033,600
|
|
MercadoLibre, Inc.*
|
|
2,140
|
3,467,784
|
|
(Cost $6,149,688)
|
|
|
15,501,384
|
|
Total Common Stocks (Cost $297,812,411)
|
|
|
405,809,475
|
|
|
|||
|
Preferred Stocks 0.6%
|
|
||
|
Germany
|
|
||
|
Sartorius AG (Cost $1,619,726)
|
|
7,440
|
2,397,608
|
|
|
|||
|
Other Investments 0.6%
|
|
||
|
Brazil
|
|
||
|
Cia Vale do Rio Doce *(Cost $0)
|
|
389,000
|
2,751,324
|
|
|
|||
|
Securities Lending Collateral 1.2%
|
|
||
|
DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional
Shares", 5.27% (e) (f) (Cost $5,177,745)
|
|
5,177,745
|
5,177,745
|
|
|
|||
|
Cash Equivalents 2.5%
|
|
||
|
DWS Central Cash Management Government Fund, 5.38% (e) (Cost $10,543,087)
|
|
10,543,087
|
10,543,087
|
|
|
|||
|
|
|
% of
Net Assets
|
Value ($)
|
|
Total Investment Portfolio (Cost $315,152,969)
|
|
100.5
|
426,679,239
|
|
Other Assets and Liabilities, Net
|
|
(0.5
)
|
(2,005,134
)
|
|
Net Assets
|
|
100.0
|
424,674,105
|
|
Value ($) at
8/31/2023
|
Purchases
Cost ($)
|
Sales
Proceeds ($)
|
Net Realized
Gain/
(Loss) ($)
|
Net Change in
Unrealized
Appreciation
(Depreciation) ($)
|
Income ($)
|
Capital Gain
Distributions ($)
|
Number
of Shares
at
11/30/2023
|
Value ($) at
11/30/2023
|
|
Securities Lending Collateral 1.2%
|
||||||||
|
DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares",
5.27% (e) (f)
|
||||||||
|
3,377,504
|
1,800,241 (g)
|
—
|
—
|
—
|
7,654
|
—
|
5,177,745
|
5,177,745
|
|
Cash Equivalents 2.5%
|
||||||||
|
DWS Central Cash Management Government Fund, 5.38% (e)
|
||||||||
|
12,466,921
|
16,834,444
|
18,758,278
|
—
|
—
|
48,676
|
—
|
10,543,087
|
10,543,087
|
|
15,844,425
|
18,634,685
|
18,758,278
|
—
|
—
|
56,330
|
—
|
15,720,832
|
15,720,832
|
|
*
|
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 November 30, 2023 amounted to $4,657,501, which is 1.1% of net assets.
|
|
(b)
|
Listed on the NASDAQ Stock Market, Inc.
|
|
(c)
|
Listed on the New York Stock Exchange.
|
|
(d)
|
Investment was valued using significant unobservable inputs.
|
|
(e)
|
Affiliated fund managed by DWS Investment Management Americas, Inc. The rate shown is the annualized seven-day yield at
period end.
|
|
(f)
|
Represents cash collateral held in connection with securities lending. Income earned by the Fund is net of borrower rebates.
|
|
(g)
|
Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount invested in cash collateral for the
period
ended November 30, 2023.
|
|
144A: Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions
exempt from registration, normally to qualified institutional buyers.
|
|
ADR: American Depositary Receipt
|
|
Sector Diversification
|
Market Value ($)
|
(As a % of Investment Portfolio
excluding Securities Lending Collateral and Cash Equivalents)
|
|
Information Technology
|
83,614,949
|
20%
|
|
Financials
|
82,204,512
|
20%
|
|
Industrials
|
67,427,532
|
16%
|
|
Health Care
|
59,795,581
|
15%
|
|
Consumer Discretionary
|
34,618,142
|
8%
|
|
Consumer Staples
|
28,217,944
|
7%
|
|
Communication Services
|
22,781,032
|
6%
|
|
Energy
|
20,216,971
|
5%
|
|
Materials
|
12,081,744
|
3%
|
|
Total
|
410,958,407
|
100%
|
|
Assets
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Common Stocks
|
|
|
|
|
|
Brazil
|
$1,770,895
|
$—
|
$—
|
$1,770,895
|
|
Canada
|
36,344,757
|
—
|
—
|
36,344,757
|
|
China
|
1,729,728
|
18,039,609
|
—
|
19,769,337
|
|
Denmark
|
—
|
4,964,328
|
—
|
4,964,328
|
|
France
|
—
|
58,303,464
|
—
|
58,303,464
|
|
Germany
|
—
|
52,702,233
|
—
|
52,702,233
|
|
Hong Kong
|
—
|
4,570,845
|
—
|
4,570,845
|
|
Ireland
|
5,445,576
|
10,916,965
|
—
|
16,362,541
|
|
Israel
|
2,490,875
|
—
|
—
|
2,490,875
|
|
Italy
|
2,013,557
|
—
|
—
|
2,013,557
|
|
Japan
|
—
|
28,860,379
|
—
|
28,860,379
|
|
Korea
|
—
|
6,586,109
|
—
|
6,586,109
|
|
Netherlands
|
2,041,004
|
26,150,506
|
2,673,675
|
30,865,185
|
|
Norway
|
—
|
1,681,740
|
—
|
1,681,740
|
|
Singapore
|
1,086,600
|
13,439,395
|
—
|
14,525,995
|
|
Sweden
|
4,549,634
|
7,240,576
|
—
|
11,790,210
|
|
Switzerland
|
1,264,542
|
31,639,349
|
—
|
32,903,891
|
|
Taiwan
|
—
|
8,285,090
|
—
|
8,285,090
|
|
United Kingdom
|
544,210
|
18,975,531
|
—
|
19,519,741
|
|
United States
|
35,996,919
|
—
|
—
|
35,996,919
|
|
Uruguay
|
15,501,384
|
—
|
—
|
15,501,384
|
|
Preferred Stocks
|
—
|
2,397,608
|
—
|
2,397,608
|
|
Other Investments
|
2,751,324
|
—
|
—
|
2,751,324
|
|
Short-Term Investments (a)
|
15,720,832
|
—
|
—
|
15,720,832
|
|
Total
|
$129,251,837
|
$294,753,727
|
$2,673,675
|
$426,679,239
|
|
(a)
|
See Investment Portfolio for additional detailed categorizations.
|