NPORT-P false 0000858706 XXXXXXXX The New Germany Fund, Inc. 811-05983 0000858706 549300TPS2RTTJ8O3C08 875 Third Avenue NULL New York 10022-6225 212-454-4500 The New Germany Fund, Inc. 549300TPS2RTTJ8O3C08 2025-12-31 2025-12-31 N 235144270.60 29625011.59 205519259.01 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 20729.32000000 N UNITED INTERNET AG-REG S /EUR/ 3VEKWPJHTD4NKMBVG947 D8542B125 82542.00000000 NS 2682996.67000000 1.305472140627 Long EC CORP DE N 1 N N N FIELMANN GROUP AG /EUR/ N/A D2617N114 80471.00000000 NS 4115348.50000000 2.002415014448 Long EC CORP DE N 1 N N N DEUTZ AG /EUR/ 5299005DETTV58V2PP63 D39176108 410790.00000000 NS 4100320.92000000 1.995103008716 Long EC CORP DE N 1 N N N DWS N/A N/A 2673407.81000000 NS USD 2673407.22000000 1.300806178884 Long STIV RF US N 1 N N N PUMA SE /EUR/ 529900GRZ2BQY5ZM9N49 D62318148 129399.00000000 NS 3388557.38000000 1.648778511718 Long EC CORP DE N 1 N N N VOSSLOH AG /EUR/ 5299003HAEOUVX3HWX43 D9494V101 41963.00000000 NS 3764774.33000000 1.831835297643 Long EC CORP DE N 1 N N N HOCHTIEF AG /EUR/ N/A D33134103 19597.00000000 NS 7755299.14000000 3.773514549126 Long EC CORP DE N 1 N N N BILFINGER SE /EUR/ 529900H0HULEN2BZ4604 D11648108 77012.00000000 NS 9712739.58000000 4.725951050420 Long EC CORP DE N 1 N N N DEUTSCHE LUFTHANSA-REG /EUR/ 529900PH63HYJ86ASW55 D1908N106 952012.00000000 NS 9397468.29000000 4.572548740817 Long EC CORP DE N 1 N N N SALZGITTER AG /EUR/ 529900E12Z6HXIMHFA15 D80900109 56409.00000000 NS 2658917.30000000 1.293755783671 Long EC CORP DE N 1 N N N AIXTRON SE /EUR/ /PERPETUAL/ 5299004UJ4D51M25LD67 D0257Y135 86732.00000000 NS 1762503.65000000 0.857585638684 Long EC CORP DE N 1 N N N AURUBIS AG /EUR/ 5299005SHIN9ZK7GW242 D10004105 14287.00000000 NS 2083731.23000000 1.013886114633 Long EC CORP DE N 1 N N KRONES AG /EUR/ N/A D47441171 28959.00000000 NS 4618089.99000000 2.247035150012 Long EC CORP DE N 1 N N N NEMETSCHEK SE /EUR/ 529900R0S2IX1S358J38 D56134105 67949.00000000 NS 7404744.99000000 3.602944573500 Long EC CORP DE N 1 N N N THYSSENKRUPP AG /EUR/ 549300UDG16DOYUPR330 D8398Q119 571468.00000000 NS 6223548.36000000 3.028206889212 Long EC CORP DE N 1 N N N ECKERT & ZIEGLER SE /EUR/ 391200EUDABLUKXCKG48 D2371P107 87749.00000000 NS 1572446.11000000 0.765108884478 Long EC CORP DE N 1 N N N ELMOS SEMICONDUCTOR SE /EUR/ 529900UMKKDCAP4P4H63 D2462G107 31387.00000000 NS 3575202.15000000 1.739594706219 Long EC CORP DE N 1 N N N TAG IMMOBILIEN AG /EUR/ 529900TAE68USJNXLR59 D8283Q174 290640.00000000 NS 4515379.84000000 2.197059225374 Long EC CORP DE N 1 N N N CEWE STIFTUNG & CO KGAA /EUR/ 529900IDFHN9MQ3WUD64 D1499B107 8622.00000000 NS 1050955.76000000 0.511366071025 Long EC CORP DE N 1 N N N SARTORIUS AG-VORZUG /EUR/ 529900EQV2DY4FOAMU38 D6705R119 25366.00000000 NS 7363419.03000000 3.582836501780 Long EC CORP DE N 1 N N CTS EVENTIM AG & CO KGAA /EUR/ 529900FDHSN08UBJII80 D1648T108 47824.00000000 NS 4408538.27000000 2.145073065773 Long EC CORP DE N 1 N N N INFINEON TECHNOLOGIES AG /EUR/ TSI2PJM6EPETEQ4X1U25 D35415104 69170.00000000 NS 3064669.47000000 1.491183592604 Long EC CORP DE N 1 N N N RATIONAL AG /EUR/ 529900K139N6UFJ1A758 D6349P107 5566.00000000 NS 4323665.74000000 2.103776434786 Long EC CORP DE N 1 N N N CARL ZEISS MEDITEC AG - /EUR/ N/A D14895102 79422.00000000 NS 3730610.18000000 1.815211965034 Long EC CORP DE N 1 N N ATOSS SOFTWARE SE /EUR/ N/A D0426N101 14287.00000000 NS 1936091.66000000 0.942048774079 Long EC CORP DE N 1 N N N BECHTLE AG /EUR/ 529900HA2QT774RUXW59 D0873U103 97650.00000000 NS 5008802.85000000 2.437145245719 Long EC CORP DE N 1 N N N NORDEX SE /EUR/ 529900HVDYCUWVD0OE76 D5736K135 65663.00000000 NS 2245386.73000000 1.092543219947 Long EC CORP DE N 1 N N N RTL GROUP /EUR/ N/A L80326108 28587.00000000 NS 1156476.65000000 0.562709624183 Long EC CORP LU N 1 N N FREENET AG /EUR/ 5299003GLDODCVP8DO20 D3689Q134 198001.00000000 NS 6821918.93000000 3.319357496159 Long EC CORP DE N 1 N N N HYPOPORT SE /EUR/ 391200GNIFXXP6KRYQ46 D3149E101 9761.00000000 NS 1471764.75000000 0.716120113068 Long EC CORP DE N 1 N N STROEER MEDIA AG /EUR/_ 529900MBF3N1ATE55378 D8169G100 38785.00000000 NS 1685173.34000000 0.819958843817 Long EC CORP DE N 1 N N N SUSS MICROTEC SE /EUR/ 529900C3KRUTSYDK7N87 D82791167 34894.00000000 NS 1603801.59000000 0.780365595772 Long EC CORP DE N 1 N N TALANX AG /EUR/ N/A D82827110 32416.00000000 NS 4331923.18000000 2.107794277221 Long EC CORP DE N 1 N N N KION GROUP AG /EUR/ 5299005KY91C4C6U9H17 D4S14D103 96268.00000000 NS 7715492.72000000 3.754145843638 Long EC CORP DE N 1 N N N KNORR-BREMSE AG /EUR/ N/A D4S43E114 32427.00000000 NS 3623219.33000000 1.762958540943 Long EC CORP DE N 1 N N N JOST WERKE SE /EUR/ N/A D3S57J100 23021.00000000 NS 1462515.61000000 0.711619736780 Long EC CORP DE N 1 N N N JENOPTIK AG /EUR/ 529900P34GDHGXK6VB37 D3S19K104 111829.00000000 NS 2569947.95000000 1.250465753126 Long EC CORP DE N 1 N N N DR ING HC F PORSCH /EUR/ /PFD/ N/A D2R3HA114 91393.00000000 NS 4896066.13000000 2.382290668808 Long EP CORP DE N 1 N N ALZCHEM GROUP AG /EUR/ 8945004EL7WZK3ERG181 D0R02K100 9356.00000000 NS 1702946.37000000 0.828606709757 Long EC CORP DE N 1 N N N AUTO1 GROUP SE /EUR/ 391200S2LPXG5ZD5G304 D0R06D102 133689.00000000 NS 4285854.10000000 2.085378334198 Long EC CORP DE N 1 N N N RENK GROUP AG /EUR/ 894500H8CNSZ53EI6K63 D6S2UZ108 97441.00000000 NS 6135466.69000000 2.985348779260 Long EC CORP DE N 1 N N N SIEMENS ENERGY AG /EUR/ 5299005CHJZ14D4FDJ62 D6T47E106 44571.00000000 NS 6301702.93000000 3.066234746249 Long EC CORP DE N 1 N N N HENSOLDT AG /EUR/ 894500686FYLLZD3M624 D3R14P109 43397.00000000 NS 3740544.53000000 1.820045745599 Long EC CORP DE N 1 N N N TUI AG /EUR/ 529900SL2WSPV293B552 D8484K455 764677.00000000 NS 8067274.45000000 3.925313125816 Long EC CORP DE N 1 N N N FUCHS SE /EUR/ 529900SNF9E1P5ZO4P98 D27462379 87063.00000000 NS 3899360.41000000 1.897321170183 Long EC CORP DE N 1 N N TKMS AG& CO KGAA /EUR/ N/A D8T5DP107 19733.00000000 NS 1531699.73000000 0.745282820392 Long EC CORP DE N 1 N N N STRATEC SE /EUR/ 529900ZZJWANAFSPGV30 D8T6E3103 30925.00000000 NS 815276.86000000 0.396691221994 Long EC CORP DE N 1 N N N FLATEXDEGIRO SE /EUR/ 529900IRBZTADXJB6757 D3690M106 111979.00000000 NS 4831197.56000000 2.350727412736 Long EC CORP DE N 1 N N N SILTRONIC AG /EUR/ 5299003NKV26NNGHHR90 D6948S114 51313.00000000 NS 2946560.25000000 1.433714905451 Long EC CORP DE N 1 N N REDCARE PHARMACY NV /EUR/ 529900JK6UXHY1YKZ082 N7975Z103 23241.00000000 NS 1776703.10000000 0.864494699211 Long EC CORP NL N 1 N N DELIVERY HERO SE /EUR/ 529900C3EX1FZGE48X78 D1T0KZ103 217393.00000000 NS 5800066.11000000 2.822152112624 Long EC CORP DE N 1 N N N JUNGHEINRICH - PRFD /EUR/ 529900PHZORTU6FSXE73 D37552102 62516.00000000 NS 2600272.12000000 1.265220657434 Long EC CORP DE N 1 N N N DWS N/A 147539670 27100742.80000000 NS USD 27100742.80000000 13.18647358429 Long STIV RF US N 1 N N 2026-01-30 The New Germany Fund, Inc. Diane Kenneally Diane Kenneally Treasurer and Chief Financial Officer