0001752724-24-062333.txt : 20240321 0001752724-24-062333.hdr.sgml : 20240321 20240321150140 ACCESSION NUMBER: 0001752724-24-062333 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240131 FILED AS OF DATE: 20240321 DATE AS OF CHANGE: 20240321 PERIOD START: 20241031 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEUTSCHE DWS INTERNATIONAL FUND, INC. CENTRAL INDEX KEY: 0000088053 ORGANIZATION NAME: IRS NUMBER: 132827803 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-00642 FILM NUMBER: 24770954 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 2024-10-31 2024-01-31 N 88660656.65 4757991.23 83902665.42 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 741630.83000000 N Ping An Insurance Group Co of China Ltd 529900M9MC28JLN35U89 Ping An Insurance Group Co of China Ltd 000000000 150000.00000000 NS 630635.94000000 0.751628016634 Long EC CORP CN N 2 N N N Max Healthcare Institute Ltd 3358005LALYV4GZOYF67 Max Healthcare Institute Ltd 000000000 60000.00000000 NS 569957.32000000 0.679307763522 Long EC CORP IN N 2 N N N Corp Inmobiliaria Vesta SAB de CV 4469000001BIRIFZJ959 Corp Inmobiliaria Vesta SAB de CV 000000000 350000.00000000 NS 1329924.76000000 1.585080465969 Long EC CORP MX N 1 N N N Shanghai United Imaging Healthcare Co Ltd 300300YFLW1ZZPRAZ467 Shanghai United Imaging Healthcare Co Ltd 000000000 17500.00000000 NS 328273.97000000 0.391255710836 Long EC CORP CN N 2 N N N Axis Bank Ltd 549300HVNWMJPOFVNI41 Axis Bank Ltd 000000000 150000.00000000 NS 1927251.82000000 2.297009052516 Long EC CORP IN N 2 N N N Larsen & Toubro Ltd 3358003FR3JIC5FRXA90 Larsen & Toubro Ltd 000000000 110000.00000000 NS 4611909.40000000 5.496737650602 Long EC CORP IN N 2 N N N Kweichow Moutai Co Ltd N/A Kweichow Moutai Co Ltd 000000000 2700.00000000 NS 603413.68000000 0.719182968716 Long EC CORP CN N 2 N N N PDD Holdings Inc 5493000573DS7005T657 PDD Holdings Inc 722304102 7500.00000000 NS USD 951525.00000000 1.134081968953 Long EC CORP KY N 1 N N N Bank Polska Kasa Opieki SA 5493000LKS7B3UTF7H35 Bank Polska Kasa Opieki SA 000000000 7500.00000000 NS 288451.38000000 0.343792868267 Long EC CORP PL N 2 N N N Jeronimo Martins SGPS SA 259400A8SZP10GB5IB19 Jeronimo Martins SGPS SA 000000000 37500.00000000 NS 852655.81000000 1.016244008139 Long EC CORP PT N 2 N N N Samsung Electronics Co Ltd 9884007ER46L6N7EI764 Samsung Electronics Co Ltd 000000000 90000.00000000 NS 4863135.67000000 5.796163501667 Long EC CORP KR N 2 N N N Reliance Industries Ltd 5493003UOETFYRONLG31 Reliance Industries Ltd 000000000 55498.00000000 NS 1904741.68000000 2.270180178979 Long EC CORP IN N 2 N N N Banco Bradesco SA 549300CTUU1RFXHQJE44 Banco Bradesco SA 059460303 275000.56000000 NS USD 852501.74000000 1.016060378693 Long EC CORP BR N 1 N N N MediaTek Inc 254900UEGBK1I4DM4E14 MediaTek Inc 000000000 33000.00000000 NS 1013374.01000000 1.207797159872 Long EC CORP TW N 2 N N N FirstRand Ltd 529900XYOP8CUZU7R671 FirstRand Ltd 000000000 300000.00000000 NS 1085815.23000000 1.294136753063 Long EC CORP ZA N 2 N N N Wal-Mart de Mexico SAB de CV N/A Wal-Mart de Mexico SAB de CV 000000000 175000.00000000 NS 722816.14000000 0.861493656228 Long EC CORP MX N 1 N N N Bank Rakyat Indonesia Persero Tbk PT 254900HB6S4B12GBNP64 Bank Rakyat Indonesia Persero Tbk PT 000000000 1750000.00000000 NS 630696.87000000 0.751700636496 Long EC CORP ID N 2 N N N HDFC Bank Ltd 335800ZQ6I4E2JXENC50 HDFC Bank Ltd 000000000 125000.00000000 NS 2198323.21000000 2.620087453712 Long EC CORP IN N 2 N N N Alchip Technologies Ltd 529900HKE9RIY07SLX84 Alchip Technologies Ltd 000000000 5000.00000000 NS 620981.50000000 0.740121302334 Long EC CORP KY N 2 N N N Shanghai United Imaging Healthcare Co Ltd 300300YFLW1ZZPRAZ467 Shanghai United Imaging Healthcare Co Ltd 000000000 7500.00000000 NS 140688.85000000 0.167681025740 Long EC CORP CN N 2 N N N Absa Group Ltd 2138006IPPRD4N6XLT30 Absa Group Ltd 000000000 75000.00000000 NS 653371.05000000 0.778725022297 Long EC CORP ZA N 2 N N N Bank Central Asia Tbk PT 254900BR956G2OHVOM21 Bank Central Asia Tbk PT 000000000 4728100.00000000 NS 2857483.43000000 3.405712340240 Long EC CORP ID N 2 N N N DWS N/A DWS Government & Agency Securities Portfolio DWS Government Cash Institutional Shares 147539670 3802250.00000000 NS USD 3802250.00000000 4.531739225406 Long STIV RF US N 1 N N Bank Mandiri Persero Tbk PT 549300RSKQN4Z5ZSGH94 Bank Mandiri Persero Tbk PT 000000000 1400000.00000000 NS 588263.97000000 0.701126677031 Long EC CORP ID N 2 N N N Maruti Suzuki India Ltd 335800D27PBEESKKD357 Maruti Suzuki India Ltd 000000000 10094.00000000 NS 1235515.55000000 1.472558164648 Long EC CORP IN N 2 N N N Naspers Ltd 21380044BQ8812EEKT59 Naspers Ltd 000000000 2500.00000000 NS 419013.61000000 0.499404408551 Long EC CORP ZA N 2 N N N Baidu Inc 254900AL64IANZYI1E02 Baidu Inc 000000000 60000.00000000 NS 794170.19000000 0.946537497974 Long EC CORP KY N 2 N N N Grupo Financiero Banorte SAB de CV N/A Grupo Financiero Banorte SAB de CV 000000000 42500.00000000 NS 432148.56000000 0.515059393925 Long EC CORP MX N 1 N N N Bharti Airtel Ltd 335800KQ1FPKOQ84OR26 Bharti Airtel Ltd 000000000 100000.00000000 NS 1409132.25000000 1.679484487109 Long EC CORP IN N 2 N N N Antofagasta PLC 213800MY6QVH4FVLD628 Antofagasta PLC 000000000 107500.00000000 NS 2353904.22000000 2.805517808304 Long EC CORP GB N 2 N N N Rio Tinto PLC 213800YOEO5OQ72G2R82 Rio Tinto PLC 000000000 6500.00000000 NS 450989.65000000 0.537515283623 Long EC CORP GB N 2 N N N Cia de Saneamento Basico do Estado de Sao Paulo SABESP 254900UOXRZRS2TNWP19 Cia de Saneamento Basico do Estado de Sao Paulo SABESP 000000000 60000.00000000 NS 955029.87000000 1.138259273670 Long EC CORP BR N 1 N N N Yum China Holdings Inc 529900DO9BYZ7VA3K502 Yum China Holdings Inc 98850P109 45000.00000000 NS USD 1556550.00000000 1.855185401093 Long EC CORP US N 1 N N N Trip.com Group Ltd 2549004RMYDSRQL4KW41 Trip.com Group Ltd 000000000 30000.00000000 NS 1089996.87000000 1.299120671010 Long EC CORP KY N 2 N N N Fomento Economico Mexicano SAB de CV 549300A8MDWDJNMLV153 Fomento Economico Mexicano SAB de CV 344419106 17500.00000000 NS USD 2371950.00000000 2.827025802012 Long EC CORP MX N 1 N N N Budweiser Brewing Co APAC Ltd 549300YF1MR4GTF18132 Budweiser Brewing Co APAC Ltd 000000000 300000.00000000 NS 472248.65000000 0.562852976882 Long EC CORP KY N 2 N N N PetroChina Co Ltd 529900RPY4YG47TRSV05 PetroChina Co Ltd 000000000 1750000.00000000 NS 1266465.51000000 1.509446098834 Long EC CORP CN N 2 N N N Vale SA 254900SMTWBX7RU2SR20 Vale SA 91912E105 60000.00000000 NS USD 821400.00000000 0.978991544414 Long EC CORP BR N 1 N N N Delta Electronics Inc 529900UVZWNWGDLJSM52 Delta Electronics Inc 000000000 75000.00000000 NS 666293.01000000 0.794126153996 Long EC CORP TW N 2 N N N Samsung SDI Co Ltd 9884002AESDO4YW87G32 Samsung SDI Co Ltd 000000000 2000.00000000 NS 551488.11000000 0.657295101698 Long EC CORP KR N 2 N N N Petroleo Brasileiro SA 5493000J801JZRCMFE49 Petroleo Brasileiro SA 71654V408 57500.00000000 NS USD 981525.00000000 1.169837686427 Long EC CORP BR N 1 N N N Alibaba Group Holding Ltd 5493001NTNQJDH60PM02 Alibaba Group Holding Ltd 000000000 100000.00000000 NS 903877.32000000 1.077292736142 Long EC CORP KY N 2 N N N SK Hynix Inc 988400XAIK6XISWQV045 SK Hynix Inc 000000000 10875.00000000 NS 1088509.23000000 1.297347616492 Long EC CORP KR N 2 N N N NU Holdings Ltd/Cayman Islands 5493002DG1RHWK9W2X27 NU Holdings Ltd/Cayman Islands 000000000 120000.00000000 NS USD 1033200.00000000 1.231426909774 Long EC CORP KY N 1 N N N Grupo Financiero Galicia SA 5299008H3AXIXV5G3C23 Grupo Financiero Galicia SA 399909100 45000.00000000 NS USD 972450.00000000 1.159021581891 Long EC CORP AR N 1 N N Taiwan Semiconductor Manufacturing Co Ltd 549300KB6NK5SBD14S87 Taiwan Semiconductor Manufacturing Co Ltd 000000000 499803.00000000 NS 9990390.45000000 11.90711927921 Long EC CORP TW N 2 N N N MercadoLibre Inc 549300DKPDN9M5S8GB14 MercadoLibre Inc 58733R102 1400.00000000 NS USD 2396534.00000000 2.856326420624 Long EC CORP US N 1 N N N ICICI Bank Ltd R7RX8ER1V4666J8D1I38 ICICI Bank Ltd 000000000 335000.00000000 NS 4125841.71000000 4.917414350720 Long EC CORP IN N 2 N N N InPost SA 2221003M23QLERR89585 InPost SA 000000000 35000.00000000 NS 527268.26000000 0.628428497903 Long EC CORP LU N 2 N N N AIA Group Ltd ZP5ILWVSYE4LJGMMVD57 AIA Group Ltd 000000000 175000.00000000 NS 1367175.58000000 1.629478125821 Long EC CORP HK N 2 N N N Tencent Holdings Ltd 254900N4SLUMW4XUYY11 Tencent Holdings Ltd 000000000 115000.00000000 NS 4015785.75000000 4.786243356987 Long EC CORP KY N 2 N N N Shenzhen Mindray Bio-Medical Electronics Co Ltd N/A Shenzhen Mindray Bio-Medical Electronics Co Ltd 000000000 12500.00000000 NS 467660.20000000 0.557384199487 Long EC CORP CN N 2 N N N DWS 5493003GD84DGSXJ7618 DWS Central Cash Management Government Fund 25160K306 1317901.22000000 NS USD 1317901.22000000 1.570750122660 Long STIV RF US N 1 N N N Allegro.eu SA 222100VRLXV3FPMG4982 Allegro.eu SA 000000000 1000.00000000 NS 7563.61000000 0.009014743407 Long EC CORP LU N 2 N N N HDFC Bank Ltd 335800ZQ6I4E2JXENC50 HDFC Bank Ltd 40415F101 34694.00000000 NS USD 1925170.06000000 2.294527891769 Long EC CORP IN N 1 N N N Meituan 21380033K525E5JLIA77 Meituan 000000000 69980.00000000 NS 561165.45000000 0.668829109529 Long EC CORP KY N 2 N N N BYD Co Ltd 5299005557VL7ULJ7A69 BYD Co Ltd 000000000 60500.00000000 NS 1354572.16000000 1.614456648330 Long EC CORP CN N 2 N N N iShares MSCI Saudi Arabia ETF 5493004P512V6ELEIL59 iShares MSCI Saudi Arabia ETF 46434V423 65000.00000000 NS USD 2707250.00000000 3.226655537637 Long EC RF US N 1 N N Powszechna Kasa Oszczednosci Bank Polski SA P4GTT6GF1W40CVIMFR43 Powszechna Kasa Oszczednosci Bank Polski SA 000000000 35000.00000000 NS 443523.79000000 0.528617044261 Long EC CORP PL N 2 N N N 2024-02-26 DEUTSCHE DWS INTERNATIONAL FUND, INC. Diane Kenneally Diane Kenneally Treasurer and Chief Financial Officer XXXX NPORT-EX 2 NPORT_KEC6_43006879_0124.htm EDGAR HTML
Investment Portfolioas of January 31, 2024 (Unaudited)
DWS Emerging Markets Equity Fund  
 
 
Shares
Value ($)
 
Equity Securities 95.2%
Argentina 1.2%
Grupo Financiero Galicia SA (ADR)* (a) (Cost $747,187)
45,000
972,450
Brazil 5.6%
Banco Bradesco SA (ADR)
275,001
852,502
Cia de Saneamento Basico do Estado de Sao Paulo SABESP
60,000
955,030
NU Holdings Ltd. "A"*
120,000
1,033,200
Petroleo Brasileiro SA (ADR)
57,500
981,525
Vale SA (ADR)
60,000
821,400
(Cost $3,761,893)
4,643,657
Chile 2.8%
Antofagasta PLC (Cost $1,594,926)
107,500
2,353,904
China 16.5%
Alibaba Group Holding Ltd.
100,000
903,877
Baidu, Inc. "A"*
60,000
794,170
BYD Co., Ltd. "H"
60,500
1,354,572
Kweichow Moutai Co., Ltd. "A"
2,700
603,414
Meituan "B" 144A*
69,980
561,165
PetroChina Co., Ltd. "H"
1,750,000
1,266,466
Ping An Insurance Group Co. of China Ltd. "H"
150,000
630,636
Shanghai United Imaging Healthcare Co., Ltd.“A”
25,000
468,963
Shenzhen Mindray Bio-medical Electronics Co., Ltd. "A"
12,500
467,660
Tencent Holdings Ltd.
115,000
4,015,786
Trip.com Group Ltd.*
30,000
1,089,997
Yum China Holdings, Inc. (b)
45,000
1,556,550
(Cost $13,371,703)
13,713,256
Hong Kong 2.2%
AIA Group Ltd.
175,000
1,367,175
Budweiser Brewing Co., APAC Ltd. 144A
300,000
472,249
(Cost $2,119,961)
1,839,424
India 23.9%
Axis Bank Ltd.
150,000
1,927,252
Bharti Airtel Ltd.
100,000
1,409,132
HDFC Bank Ltd.
125,000
2,198,323
HDFC Bank Ltd. (ADR)
34,694
1,925,170
ICICI Bank Ltd.
335,000
4,125,842
Larsen & Toubro Ltd.
110,000
4,611,909
Maruti Suzuki India Ltd.
10,094
1,235,516
Max Healthcare Institute Ltd.
60,000
569,957
Reliance Industries Ltd.
55,498
1,904,742
(Cost $12,667,570)
19,907,843
Indonesia 4.9%
PT Bank Central Asia Tbk
4,728,100
2,857,483
PT Bank Mandiri Persero Tbk
1,400,000
588,264
PT Bank Rakyat Indonesia Persero Tbk
1,750,000
630,697
(Cost $3,036,518)
4,076,444
Ireland 1.2%
PDD Holdings, Inc. (ADR)* (Cost $784,881)
7,500
951,525
Korea 7.8%
Samsung Electronics Co., Ltd.
90,000
4,863,136
Samsung SDI Co., Ltd.
2,000
551,488
SK Hynix, Inc.
10,875
1,088,509
(Cost $3,178,966)
6,503,133
Mexico 5.8%
Corp. Inmobiliaria Vesta SAB de CV
350,000
1,329,925
Fomento Economico Mexicano SAB de CV (ADR)
17,500
2,371,950
Grupo Financiero Banorte SAB de CV "O"
42,500
432,148
Wal-Mart de Mexico SAB de CV
175,000
722,816
(Cost $3,476,146)
4,856,839
Poland 1.5%
Allegro.eu SA 144A*
1,000
7,564
Bank Polska Kasa Opieki SA
7,500
288,451
InPost SA*
35,000
527,268
Powszechna Kasa Oszczednosci Bank Polski SA
35,000
443,524
(Cost $931,155)
1,266,807
Portugal 1.0%
Jeronimo Martins SGPS SA (Cost $883,952)
37,500
852,656
South Africa 2.6%
Absa Group Ltd.
75,000
653,371
FirstRand Ltd.
300,000
1,085,815
Naspers Ltd. "N"
2,500
419,014
(Cost $2,124,623)
2,158,200
Taiwan 14.8%
Alchip Technologies Ltd.
5,000
620,982
Delta Electronics, Inc.
75,000
666,293
MediaTek, Inc.
33,000
1,013,374
Taiwan Semiconductor Manufacturing Co., Ltd.
499,803
9,990,390
(Cost $3,533,835)
12,291,039
United Kingdom 0.5%
Rio Tinto PLC (Cost $438,528)
6,500
450,990
Uruguay 2.9%
MercadoLibre, Inc.* (Cost $1,690,732)
1,400
2,396,534
Total Equity Securities (Cost $54,342,576)
79,234,701
 
Exchange-Traded Funds 3.2%
iShares MSCI Saudi Arabia ETF (a) (Cost $2,668,048)
65,000
2,707,250
 
Securities Lending Collateral 4.6%
DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional
Shares", 5.26% (c) (d) (Cost $3,802,250)
3,802,250
3,802,250
 
Cash Equivalents 1.6%
DWS Central Cash Management Government Fund, 5.36% (c) (Cost $1,320,446)
1,320,446
1,320,446
 
 
 
 
% of
Net Assets
Value ($)
Total Investment Portfolio (Cost $62,133,320)
104.6
87,064,647
Other Assets and Liabilities, Net
(4.6
)
(3,844,410
)
Net Assets
100.0
83,220,237
For information on the Fund's policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements.
A summary of the Fund’s transactions with affiliated investments during the period ended January 31, 2024 are as follows: 
Value ($) at
10/31/2023
Purchases
Cost ($)
Sales
Proceeds ($)
Net Realized
Gain/
(Loss) ($)
Net Change in
Unrealized
Appreciation
(Depreciation) ($)
Income ($)
Capital Gain
Distributions ($)
Number
of Shares
at
1/31/2024
Value ($) at
1/31/2024
Securities Lending Collateral 4.6%
DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares",
5.26% (c) (d)
4,203,675
—
401,425 (e)
—
—
2,232
—
3,802,250
3,802,250
Cash Equivalents 1.6%
DWS Central Cash Management Government Fund, 5.36% (c)
—
26,476,002
25,155,556
—
—
10,825
—
1,320,446
1,320,446
4,203,675
26,476,002
25,556,981
—
—
13,057
—
5,122,696
5,122,696
 
*
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, 2024 amounted to $3,665,044, which is 4.4% 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.
(e)
Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount invested in cash collateral for the period
ended January 31, 2024.
 
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
MSCI: Morgan Stanley Capital International
At January 31, 2024 the DWS Emerging Markets Equity Fund had the following sector diversification: 
Sector Diversification
Market Value ($)
As a % of Equity Securities
Financials
22,012,303
28%
Information Technology
18,794,172
24%
Consumer Discretionary
10,476,314
13%
Communication Services
6,219,088
8%
Industrials
5,139,177
6%
Consumer Staples
5,023,085
6%
Energy
4,152,733
5%
Materials
3,626,294
5%
Health Care
1,506,580
2%
Real Estate
1,329,925
2%
Utilities
955,030
1%
Total
79,234,701
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, 2024 in valuing the Fund's investments.  
Assets
Level 1
Level 2
Level 3
Total
Equity Securities
Argentina
$972,450
$—
$—
$972,450
Brazil
4,643,657
—
—
4,643,657
Chile
—
2,353,904
—
2,353,904
China
1,556,550
12,156,706
—
13,713,256
Hong Kong
—
1,839,424
—
1,839,424
India
1,925,170
17,982,673
—
19,907,843
Indonesia
—
4,076,444
—
4,076,444
Ireland
951,525
—
—
951,525
Korea
—
6,503,133
—
6,503,133
Mexico
4,856,839
—
—
4,856,839
Poland
—
1,266,807
—
1,266,807
Portugal
—
852,656
—
852,656
South Africa
—
2,158,200
—
2,158,200
Taiwan
—
12,291,039
—
12,291,039
United Kingdom
—
450,990
—
450,990
Uruguay
2,396,534
—
—
2,396,534
Exchange-Traded Funds
2,707,250
—
—
2,707,250
Short-Term Investments (a)
5,122,696
—
—
5,122,696
Total
$25,132,671
$61,931,976
$—
$87,064,647
 
(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)