<SEC-DOCUMENT>0001752724-25-116978.txt : 20250523
<SEC-HEADER>0001752724-25-116978.hdr.sgml : 20250523
<ACCEPTANCE-DATETIME>20250523110047
ACCESSION NUMBER:		0001752724-25-116978
CONFORMED SUBMISSION TYPE:	NPORT-P
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20250331
FILED AS OF DATE:		20250523
DATE AS OF CHANGE:		20250523
PERIOD START:           	20251231

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NEW GERMANY FUND INC
		CENTRAL INDEX KEY:			0000858706
		ORGANIZATION NAME:           	
		EIN:				133555471
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		NPORT-P
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05983
		FILM NUMBER:		25979942

	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:	LENOX FUND INC
		DATE OF NAME CHANGE:	19900115
</SEC-HEADER>
<DOCUMENT>
<TYPE>NPORT-P
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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      <repPdEnd>2025-12-31</repPdEnd>
      <repPdDate>2025-03-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
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      <totLiabs>18089604.20</totLiabs>
      <netAssets>176899607.65</netAssets>
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      <invstOrSec>
        <name>AMADEUS FIRE AG /EUR/</name>
        <lei>391200TJJ820ZDHNFJ33</lei>
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      <invstOrSec>
        <name>STRATEC SE /EUR/</name>
        <lei>529900ZZJWANAFSPGV30</lei>
        <title>STRATEC SE /EUR/ 0.00000000</title>
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          <isin value="DE000STRA555"/>
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      <invstOrSec>
        <name>AIXTRON SE /EUR/ /PERPETUAL/</name>
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        <title>AIXTRON SE /EUR/ /PERPETUAL/ 0.00000000</title>
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          <isin value="DE000A0WMPJ6"/>
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      <invstOrSec>
        <name>ATOSS SOFTWARE SE /EUR/</name>
        <lei>N/A</lei>
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        <cusip>D0426N101</cusip>
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          <isin value="DE0005104400"/>
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      <invstOrSec>
        <name>GEA GROUP AG /EUR/</name>
        <lei>549300PHUU0ZZWO8EO07</lei>
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          <isin value="DE0006602006"/>
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      <invstOrSec>
        <name>ECKERT &amp; ZIEGLER SE /EUR/</name>
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        <title>ECKERT &amp; ZIEGLER SE /EUR/ 0.00000000</title>
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          <isin value="DE0005659700"/>
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      <invstOrSec>
        <name>RENK GROUP AG /EUR/</name>
        <lei>894500H8CNSZ53EI6K63</lei>
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          <isin value="DE000RENK730"/>
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        <name>RATIONAL AG /EUR/</name>
        <lei>529900K139N6UFJ1A758</lei>
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      <invstOrSec>
        <name>TEAMVIEWER SE /EUR/</name>
        <lei>3912000FZ0R0KEK9JS42</lei>
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        <name>CTS EVENTIM AG &amp; CO KGAA /EUR/</name>
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        <title>CTS EVENTIM AG &amp; CO KGAA /EUR/ 0.00000000</title>
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        <name>HOCHTIEF AG /EUR/</name>
        <lei>N/A</lei>
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        <name>SFC ENERGY AG-BR /EUR/</name>
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        <title>SFC ENERGY AG-BR /EUR/ 0.00000000</title>
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        <name>HELLOFRESH SE /EUR/</name>
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        <name>NEMETSCHEK SE  /EUR/</name>
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        <name>SUSS MICROTEC SE /EUR/</name>
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        <name>LEG IMMOBILIEN SE /EUR/</name>
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      <invstOrSec>
        <name>CEWE STIFTUNG &amp; CO KGAA /EUR/</name>
        <lei>529900IDFHN9MQ3WUD64</lei>
        <title>CEWE STIFTUNG &amp; CO KGAA /EUR/ 0.00000000</title>
        <cusip>D1499B107</cusip>
        <identifiers>
          <isin value="DE0005403901"/>
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        <balance>7000.00000000</balance>
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        <valUSD>778680.00000000</valUSD>
        <pctVal>0.440181869448</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BEFESA SA /EUR/</name>
        <lei>222100VXGA8L6J4ZWG61</lei>
        <title>BEFESA SA /EUR/ 144A 0.00000000</title>
        <cusip>L0R30V103</cusip>
        <identifiers>
          <isin value="LU1704650164"/>
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        <balance>36000.00000000</balance>
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        <valUSD>993772.80000000</valUSD>
        <pctVal>0.561772190001</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>AUTO1 GROUP SE /EUR/</name>
        <lei>391200S2LPXG5ZD5G304</lei>
        <title>AUTO1 GROUP SE /EUR/ 144A 0.00000000</title>
        <cusip>D0R06D102</cusip>
        <identifiers>
          <isin value="DE000A2LQ884"/>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PATRIZIA SE /EUR/</name>
        <lei>N/A</lei>
        <title>PATRIZIA SE /EUR/ 0.00000000</title>
        <cusip>D5988D110</cusip>
        <identifiers>
          <isin value="DE000PAT1AG3"/>
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        <balance>39240.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CARL ZEISS MEDITEC AG -  /EUR/</name>
        <lei>N/A</lei>
        <title>CARL ZEISS MEDITEC AG - BR /EUR/ 0.00000000</title>
        <cusip>D14895102</cusip>
        <identifiers>
          <isin value="DE0005313704"/>
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        <balance>56069.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92592592"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FIELMANN GROUP AG /EUR/</name>
        <lei>N/A</lei>
        <title>FIELMANN GROUP AG /EUR/ 0.00000000</title>
        <cusip>D2617N114</cusip>
        <identifiers>
          <isin value="DE0005772206"/>
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        <balance>71000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92592592"/>
        <valUSD>3209058.00000000</valUSD>
        <pctVal>1.814056030214</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>KNORR-BREMSE AG /EUR/</name>
        <lei>N/A</lei>
        <title>KNORR-BREMSE AG /EUR/ 0.00000000</title>
        <cusip>D4S43E114</cusip>
        <identifiers>
          <isin value="DE000KBX1006"/>
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        <balance>100000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.92592592"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>REDCARE PHARMACY NV /EUR/</name>
        <lei>529900JK6UXHY1YKZ082</lei>
        <title>REDCARE PHARMACY NV /EUR/ 144A 0.00000000</title>
        <cusip>N7975Z103</cusip>
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          <isin value="NL0012044747"/>
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        <balance>40958.00000000</balance>
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        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ELMOS SEMICONDUCTOR SE /EUR/</name>
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        <title>ELMOS SEMICONDUCTOR SE /EUR/ 0.00000000</title>
        <cusip>D2462G107</cusip>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KRONES AG /EUR/</name>
        <lei>N/A</lei>
        <title>KRONES AG /EUR/ 0.00000000</title>
        <cusip>D47441171</cusip>
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          <isin value="DE0006335003"/>
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        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HENSOLDT AG /EUR/</name>
        <lei>894500686FYLLZD3M624</lei>
        <title>HENSOLDT AG /EUR/ 0.00000000</title>
        <cusip>D3R14P109</cusip>
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          <isin value="DE000HAG0005"/>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TUI AG /EUR/</name>
        <lei>529900SL2WSPV293B552</lei>
        <title>TUI AG /EUR/ 0.00000000</title>
        <cusip>D8484K455</cusip>
        <identifiers>
          <isin value="DE000TUAG505"/>
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        <balance>514458.00000000</balance>
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      <invstOrSec>
        <name>UNITED INTERNET AG-REG S /EUR/</name>
        <lei>3VEKWPJHTD4NKMBVG947</lei>
        <title>UNITED INTERNET AG-REG SHARE /EUR/ 0.00000000</title>
        <cusip>D8542B125</cusip>
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          <isin value="DE0005089031"/>
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        <name>THYSSENKRUPP AG /EUR/</name>
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        <title>THYSSENKRUPP AG /EUR/ 0.00000000</title>
        <cusip>D8398Q119</cusip>
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        <name>SCOUT24 SE /EUR/</name>
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        <title>SCOUT24 SE /EUR/ 144A 0.00000000</title>
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        <name>KION GROUP AG /EUR/</name>
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        <name>GERRESHEIMER AG /EUR/</name>
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        <name>JUNGHEINRICH - PRFD /EUR/</name>
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        <name>FRAPORT AG FRANKFURT AIR /EUR/</name>
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        <title>FRAPORT AG FRANKFURT AIRPORT /EUR/ 0.00000000</title>
        <cusip>D3856U108</cusip>
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        <name>VOSSLOH AG /EUR/</name>
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        <title>VOSSLOH AG /EUR/ 0.00000000</title>
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        <name>BILFINGER SE /EUR/</name>
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        <name>TALANX AG /EUR/</name>
        <lei>N/A</lei>
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        <name>RTL GROUP /EUR/</name>
        <lei>N/A</lei>
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        <name>SIXT SE /EUR/</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>DWS</name>
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          <other otherDesc="INTERNAL" value="495583"/>
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        <valUSD>6918067.35000000</valUSD>
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      <invstOrSec>
        <name>ALZCHEM GROUP AG /EUR/</name>
        <lei>8945004EL7WZK3ERG181</lei>
        <title>ALZCHEM GROUP AG /EUR/ 0.00000000</title>
        <cusip>D0R02K100</cusip>
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        <name>EVONIK INDUSTRIES AG /EUR/</name>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>IONOS GROUP SE /EUR/</name>
        <lei>N/A</lei>
        <title>IONOS GROUP SE /EUR/ 0.00000000</title>
        <cusip>D3R77H101</cusip>
        <identifiers>
          <isin value="DE000A3E00M1"/>
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        <balance>131419.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92592592"/>
        <valUSD>3626375.89000000</valUSD>
        <pctVal>2.049962652927</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DEUTSCHE LUFTHANSA-REG /EUR/</name>
        <lei>529900PH63HYJ86ASW55</lei>
        <title>DEUTSCHE LUFTHANSA-REG /EUR/ 0.00000000</title>
        <cusip>D1908N106</cusip>
        <identifiers>
          <isin value="DE0008232125"/>
        </identifiers>
        <balance>472867.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92592592"/>
        <valUSD>3419622.82000000</valUSD>
        <pctVal>1.933086718183</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DEUTZ AG /EUR/</name>
        <lei>5299005DETTV58V2PP63</lei>
        <title>DEUTZ AG /EUR/ 0.00000000</title>
        <cusip>D39176108</cusip>
        <identifiers>
          <isin value="DE0006305006"/>
        </identifiers>
        <balance>330000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92592592"/>
        <valUSD>2402136.00000000</valUSD>
        <pctVal>1.357909173406</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="525932.22000000"/>
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      <invstOrSec>
        <name>SILTRONIC AG /EUR/</name>
        <lei>5299003NKV26NNGHHR90</lei>
        <title>SILTRONIC AG /EUR/ 0.00000000</title>
        <cusip>D6948S114</cusip>
        <identifiers>
          <isin value="DE000WAF3001"/>
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        <balance>18682.00000000</balance>
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        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STROEER MEDIA AG /EUR/_</name>
        <lei>529900MBF3N1ATE55378</lei>
        <title>STROEER MEDIA AG /EUR/_ 0.00000000</title>
        <cusip>D8169G100</cusip>
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          <isin value="DE0007493991"/>
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        <valUSD>5239080.00000000</valUSD>
        <pctVal>2.961611995412</pctVal>
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        <invCountry>DE</invCountry>
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    <signature>
      <ncom:dateSigned>2025-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>The New Germany Fund, Inc.</ncom:nameOfApplicant>
      <ncom:signature>Diane Kenneally </ncom:signature>
      <ncom:signerName>Diane Kenneally </ncom:signerName>
      <ncom:title>Treasurer and Chief Financial Officer </ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>NPORT-EX
<SEQUENCE>2
<FILENAME>1982_03.31.25_SOI.htm
<DESCRIPTION>SOI
<TEXT>
<html>
<head>
<title></title>
<!--Uncomment the following meta tag to help resolve IE/Edge rendering problems. This tag cannot be uncommented in an SEC submission or it will be rejected.-->
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</head><body style="margin: 0px"><div style="page-break-after:always;margin:-8px;position:relative;height:603px;width:387px"><div style="position:absolute;top:0px;left:0px;width:387px;height:603px">
		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(28.800px,552.956px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64,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)"></div>
		</div>
		<div style="height:25.60px;left:0px;position:absolute;top:0px;transform:translate(28.800px,5.579px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:174.91px">
			<div style="width:3498.1px;height:360px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.91px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:291px;font-weight:bold;position:absolute;top:0px;left:0px;letter-spacing:-1.36px;white-space:nowrap">Schedule of Investments</div></div>
		</div>
		<div style="height:18.04px;left:0px;position:absolute;top:0px;transform:translate(203.705px,12.453px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:154.85px">
			<div style="width:3097.1px;height:265.88px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.75px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:0px;left:467.62px;letter-spacing:-0.45px;white-space:nowrap">as of March 31, 2025 (Unaudited) </div></div>
		</div>
		<div style="height:30.96px;left:0px;position:absolute;top:0px;transform:translate(28.800px,28.748px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:504px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.76px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;font-weight:bold;position:absolute;top:0px;left:0px;letter-spacing:-0.59px;white-space:nowrap">The New Germany Fund, Inc.</div></div>
		</div>
		<div style="background-image:url(data:image/png;base64,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rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:9675.52px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.47px) rotate(0deg) scale(0.05)">


















































































			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:53px;left:5020.29px;letter-spacing:-0.34px;white-space:nowrap">Shares</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:53px;left:5934.35px;letter-spacing:-1.66px;white-space:nowrap">Value ($)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:300px;left:0px;letter-spacing:-0.52px;white-space:nowrap">Germany 91.7%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:584.5px;left:0px;letter-spacing:-0.54px;white-space:nowrap">Common Stocks 85.7%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:854px;left:0px;letter-spacing:-0.56px;white-space:nowrap">Aerospace &amp; Defense 2.9%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1069px;left:0px;letter-spacing:-0.44px;white-space:nowrap">Hensoldt AG</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:150px;position:absolute;top:1053.27px;left:903.96px;white-space:nowrap">&#8224;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1069px;left:5015.01px;white-space:nowrap">77,975</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1069px;left:5863.77px;white-space:nowrap">5,200,153</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1344px;left:0px;letter-spacing:-0.11px;white-space:nowrap">Chemicals 6.2%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1559px;left:0px;letter-spacing:-0.59px;white-space:nowrap">AlzChem Group AG</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1559px;left:5015.01px;white-space:nowrap">18,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1559px;left:5868.52px;white-space:nowrap">1,811,808</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1774px;left:0px;letter-spacing:-0.82px;white-space:nowrap">Evonik Industries AG</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1774px;left:4923.78px;white-space:nowrap">164,263</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1774px;left:5868.52px;white-space:nowrap">3,536,550</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1989px;left:0px;letter-spacing:-0.44px;white-space:nowrap">LANXESS AG</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1989px;left:4923.78px;white-space:nowrap">127,782</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1989px;left:5868.52px;white-space:nowrap">3,837,907</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2204px;left:0px;letter-spacing:-1.76px;white-space:nowrap">Wacker Chemie AG</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:150px;position:absolute;top:2188.27px;left:1382.61px;white-space:nowrap">&#8224;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2204px;left:5015.01px;white-space:nowrap">21,008</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2204px;left:5868.52px;white-space:nowrap">1,719,345</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2468px;left:5772.54px;white-space:nowrap">10,905,610</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2715px;left:0px;letter-spacing:-0.23px;white-space:nowrap">Commercial Services &amp; Supplies 3.4%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2930px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.13px;white-space:nowrap">Bilfinger SE</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2930px;left:5015.01px;white-space:nowrap">75,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2930px;left:5868.52px;white-space:nowrap">5,362,200</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3145px;left:0px;letter-spacing:-1.76px;white-space:nowrap">Cewe Stiftung &amp; Co. KGAA</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3145px;left:5106.24px;white-space:nowrap">7,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3145px;left:6003.78px;white-space:nowrap">778,680</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3409px;left:5863.77px;white-space:nowrap">6,140,880</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3656px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.16px;white-space:nowrap">Construction &amp; Engineering 0.7%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3871px;left:0px;letter-spacing:-0.44px;white-space:nowrap">HOCHTIEF AG</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3871px;left:5106.24px;white-space:nowrap">6,845</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3871px;left:5863.77px;white-space:nowrap">1,160,638</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4146px;left:0px;letter-spacing:-0.8px;white-space:nowrap">Consumer Staples Distribution &amp; Retail 0.5%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4361px;left:0px;letter-spacing:-0.24px;white-space:nowrap">HelloFresh SE* </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:150px;position:absolute;top:4345.27px;left:1108.48px;white-space:nowrap">&#8224;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4361px;left:4923.78px;white-space:nowrap">107,947</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4361px;left:6001.41px;white-space:nowrap">906,314</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4636px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-1.06px;white-space:nowrap">Diversified Telecommunication Services 1.0%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4851px;left:0px;letter-spacing:-0.84px;white-space:nowrap">United Internet AG (Registered)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:150px;position:absolute;top:4835.27px;left:2276.46px;white-space:nowrap">&#8224;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4851px;left:5015.01px;white-space:nowrap">85,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4851px;left:5863.77px;white-space:nowrap">1,743,282</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5126px;left:0px;letter-spacing:-0.43px;white-space:nowrap">Electrical Equipment 0.3%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:5341px;left:0px;letter-spacing:-0.44px;white-space:nowrap">SFC Energy AG* </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:150px;position:absolute;top:5325.27px;left:1177.65px;white-space:nowrap">&#8224;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:5341px;left:5015.01px;white-space:nowrap">25,088</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5341px;left:6001.41px;white-space:nowrap">574,415</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5616px;left:0px;letter-spacing:-0.52px;white-space:nowrap">Entertainment 2.6%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:5831px;left:0px;letter-spacing:-1.76px;white-space:nowrap">CTS Eventim AG &amp; Co. KGaA</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:5831px;left:5015.01px;white-space:nowrap">47,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5831px;left:5863.77px;white-space:nowrap">4,680,072</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6106px;left:0px;letter-spacing:-1.11px;white-space:nowrap">Ground Transportation 0.5%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:6321px;left:0px;letter-spacing:0.22px;white-space:nowrap">Sixt SE</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:150px;position:absolute;top:6305.27px;left:466.7px;white-space:nowrap">&#8224;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:6321px;left:5015.01px;white-space:nowrap">10,811</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6321px;left:6001.41px;white-space:nowrap">924,146</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6596px;left:0px;letter-spacing:-0.43px;white-space:nowrap">Health Care Equipment &amp; Supplies 3.7%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:6811px;left:0px;letter-spacing:-0.44px;white-space:nowrap">Carl Zeiss Meditec AG</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:6811px;left:5015.01px;white-space:nowrap">56,069</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:6811px;left:5868.52px;white-space:nowrap">3,669,604</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:7026px;left:0px;letter-spacing:-1.26px;white-space:nowrap">Eckert &amp; Ziegler SE</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:7026px;left:5015.01px;white-space:nowrap">37,281</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:7026px;left:5868.52px;white-space:nowrap">2,236,636</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:7241px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.77px;white-space:nowrap">Pentixapharm Holding AG*</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:7241px;left:5015.01px;white-space:nowrap">15,618</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:7241px;left:6095.01px;white-space:nowrap">50,940</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:7456px;left:0px;letter-spacing:-2.09px;white-space:nowrap">STRATEC SE</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:150px;position:absolute;top:7440.27px;left:830.48px;white-space:nowrap">&#8224;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:7456px;left:5015.01px;white-space:nowrap">17,445</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:7456px;left:6003.78px;white-space:nowrap">458,769</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7720px;left:5863.77px;white-space:nowrap">6,415,949</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7967px;left:0px;letter-spacing:-1px;white-space:nowrap">Hotels, Restaurants &amp; Leisure 3.4%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8182px;left:0px;letter-spacing:-0.7px;white-space:nowrap">Delivery Hero SE &#39;&#39;A&#39;&#39; 144A*</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8182px;left:4923.78px;white-space:nowrap">103,634</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8182px;left:5868.52px;white-space:nowrap">2,458,986</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8397px;left:0px;letter-spacing:-0.29px;white-space:nowrap">TUI AG*</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8397px;left:4923.78px;white-space:nowrap">514,458</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8397px;left:5868.52px;white-space:nowrap">3,505,928</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8661px;left:5863.77px;white-space:nowrap">5,964,914</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8908px;left:0px;letter-spacing:-0.4px;white-space:nowrap">Insurance 3.8%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9123px;left:0px;letter-spacing:-2.64px;white-space:nowrap">Talanx AG</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9123px;left:5015.01px;white-space:nowrap">63,627</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:9123px;left:5863.77px;white-space:nowrap">6,644,949</div></div>
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		<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAq8AAAQzCAYAAABNFcWfAAAACXBIWXMAABcRAAAXEQHKJvM/AAAVNElEQVR4Xu3bsW1bQRRFwUeDhbATtaJO5CbIgJFKkTtyB+sS1oEB7xFn4pv95OBh/2WtNQAAUPBjNwAAgFOIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACDjuhsAAH/n/nj+nJmP3Y7/6tfMvO1GnMvlFQCADJdXAPh3vnYD/rvf4zulXdZauw0AABzBswEAADLEKwAAGeIVAIAM8QoAQIZ4BQAgQ7wCAJAhXgEAyBCvAABkiFcAADLEKwAAGeIVAIAM8QoAQIZ4BQAgQ7wCAJAhXgEAyBCvAABkiFcAADLEKwAAGeIVAIAM8QoAQIZ4BQAgQ7wCAJAhXgEAyBCvAABkiFcAADLEKwAAGeIVAIAM8QoAQIZ4BQAgQ7wCAJAhXgEAyBCvAABkiFcAADLEKwAAGeIVAIAM8QoAQIZ4BQAgQ7wCAJAhXgEAyBCvAABkiFcAADLEKwAAGeIVAIAM8QoAQIZ4BQAgQ7wCAJAhXgEAyBCvAABkiFcAADLEKwAAGeIVAIAM8QoAQIZ4BQAgQ7wCAJAhXgEAyBCvAABkiFcAADLEKwAAGeIVAIAM8QoAQIZ4BQAgQ7wCAJAhXgEAyBCvAABkiFcAADLEKwAAGeIVAIAM8QoAQIZ4BQAgQ7wCAJAhXgEAyBCvAABkiFcAADLEKwAAGeIVAIAM8QoAQIZ4BQAgQ7wCAJAhXgEAyBCvAABkiFcAADLEKwAAGeIVAIAM8QoAQIZ4BQAgQ7wCAJAhXgEAyBCvAABkiFcAADLEKwAAGeIVAIAM8QoAQIZ4BQAgQ7wCAJAhXgEAyBCvAABkiFcAADLEKwAAGeIVAIAM8QoAQIZ4BQAgQ7wCAJAhXgEAyBCvAABkiFcAADLEKwAAGeIVAIAM8QoAQIZ4BQAgQ7wCAJAhXgEAyBCvAABkiFcAADLEKwAAGeIVAIAM8QoAQIZ4BQAgQ7wCAJAhXgEAyBCvAABkiFcAADLEKwAAGeIVAIAM8QoAQIZ4BQAgQ7wCAJAhXgEAyBCvAABkiFcAADLEKwAAGeIVAIAM8QoAQIZ4BQAgQ7wCAJAhXgEAyBCvAABkiFcAADLEKwAAGeIVAIAM8QoAQMZ1NwAA+C7uj+fPmfnY7TiXyysAABkurwDAK/mcma/NhoNd1lq7DQAAHMGzAQAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAxnU3AAD4Lu6P5/vMvG9mHEy8AgCv5DYzb7sR5xKvAMAr+doNONtlrbXbAADAEfywBQBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4hUAgAzxCgBAhngFACBDvAIAkCFeAQDIEK8AAGSIVwAAMsQrAAAZ4h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rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:10251.52px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.47px) rotate(0deg) scale(0.05)">































































































			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:53px;left:5020.29px;letter-spacing:-0.34px;white-space:nowrap">Shares</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:53px;left:5934.35px;letter-spacing:-1.66px;white-space:nowrap">Value ($)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:300px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.79px;white-space:nowrap">Interactive Media &amp; Services 4.8%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:515px;left:0px;letter-spacing:-0.22px;white-space:nowrap">Scout24 SE 144A</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:515px;left:5015.01px;white-space:nowrap">82,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:515px;left:5863.77px;white-space:nowrap">8,537,184</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:790px;left:0px;white-space:nowrap">IT Services 3.5%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1005px;left:0px;letter-spacing:-0.44px;white-space:nowrap">Bechtle AG</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1005px;left:5015.01px;white-space:nowrap">55,833</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1005px;left:5868.52px;white-space:nowrap">2,062,248</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1220px;left:0px;letter-spacing:-1.25px;white-space:nowrap">GFT Technologies SE</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1220px;left:5015.01px;white-space:nowrap">22,812</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1220px;left:6003.78px;white-space:nowrap">551,868</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1435px;left:0px;letter-spacing:-0.59px;white-space:nowrap">IONOS Group SE*</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1435px;left:4923.78px;white-space:nowrap">131,419</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1435px;left:5868.52px;white-space:nowrap">3,626,376</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1699px;left:5863.77px;white-space:nowrap">6,240,492</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1946px;left:0px;letter-spacing:-2.59px;white-space:nowrap">Life Sciences Tools &amp; Services 1.1%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2161px;left:0px;letter-spacing:-0.44px;white-space:nowrap">Gerresheimer AG</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2161px;left:5015.01px;white-space:nowrap">26,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2161px;left:5863.77px;white-space:nowrap">1,967,004</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2436px;left:0px;letter-spacing:0.08px;white-space:nowrap">Machinery 22.8%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2651px;left:0px;letter-spacing:-0.44px;white-space:nowrap">Deutz AG</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:150px;position:absolute;top:2635.27px;left:675.88px;white-space:nowrap">&#8224;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2651px;left:4923.78px;white-space:nowrap">330,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2651px;left:5868.52px;white-space:nowrap">2,402,136</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2866px;left:0px;letter-spacing:-0.44px;white-space:nowrap">Duerr AG</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2866px;left:5015.01px;white-space:nowrap">41,862</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2866px;left:5868.52px;white-space:nowrap">1,046,182</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3081px;left:0px;letter-spacing:-0.59px;white-space:nowrap">GEA Group AG</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3081px;left:4923.78px;white-space:nowrap">134,906</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3081px;left:5868.52px;white-space:nowrap">8,144,545</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3296px;left:0px;letter-spacing:-0.59px;white-space:nowrap">KION Group AG</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3296px;left:5015.01px;white-space:nowrap">51,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3296px;left:5868.52px;white-space:nowrap">2,109,564</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3511px;left:0px;letter-spacing:-1.61px;white-space:nowrap">Knorr-Bremse AG</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3511px;left:4923.78px;white-space:nowrap">100,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3511px;left:5868.52px;white-space:nowrap">9,023,400</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3726px;left:0px;letter-spacing:-1px;white-space:nowrap">Krones AG</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3726px;left:5015.01px;white-space:nowrap">23,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3726px;left:5868.52px;white-space:nowrap">3,114,936</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3941px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.44px;white-space:nowrap">Rational AG</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3941px;left:5106.24px;white-space:nowrap">4,021</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3941px;left:5868.52px;white-space:nowrap">3,322,150</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4156px;left:0px;letter-spacing:-0.59px;white-space:nowrap">RENK Group AG</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4156px;left:4923.78px;white-space:nowrap">109,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4156px;left:5868.52px;white-space:nowrap">5,217,939</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4371px;left:0px;letter-spacing:-3.22px;white-space:nowrap">Traton SE</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4371px;left:5015.01px;white-space:nowrap">45,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4371px;left:5868.52px;white-space:nowrap">1,511,460</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4586px;left:0px;letter-spacing:-1px;white-space:nowrap">Vossloh AG</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4586px;left:5015.01px;white-space:nowrap">63,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4586px;left:5868.52px;white-space:nowrap">4,449,816</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4850px;left:5772.54px;white-space:nowrap">40,342,128</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5097px;left:0px;white-space:nowrap">Media 3.0%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:5312px;left:0px;letter-spacing:-1.76px;white-space:nowrap">Stroeer SE &amp; Co. KGaA</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:5312px;left:5015.01px;white-space:nowrap">90,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5312px;left:5863.77px;white-space:nowrap">5,239,080</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5587px;left:0px;letter-spacing:-0.43px;white-space:nowrap">Metals &amp; Mining 1.8%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:5802px;left:0px;letter-spacing:-0.48px;white-space:nowrap">thyssenkrupp AG</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:5802px;left:4923.78px;white-space:nowrap">313,725</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5802px;left:5863.77px;white-space:nowrap">3,206,621</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6077px;left:0px;letter-spacing:-0.54px;white-space:nowrap">Passenger Airlines 1.9%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:6292px;left:0px;letter-spacing:-0.84px;white-space:nowrap">Deutsche Lufthansa AG (Registered)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:6292px;left:4923.78px;white-space:nowrap">472,867</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6292px;left:5863.77px;white-space:nowrap">3,419,623</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6567px;left:0px;letter-spacing:-0.41px;white-space:nowrap">Professional Services 0.5%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:6782px;left:0px;letter-spacing:-0.53px;white-space:nowrap">Amadeus Fire AG</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:150px;position:absolute;top:6766.27px;left:1239.87px;white-space:nowrap">&#8224;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:6782px;left:5015.01px;white-space:nowrap">10,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6782px;left:6001.41px;white-space:nowrap">824,040</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7057px;left:0px;letter-spacing:-1.09px;white-space:nowrap">Real Estate Management &amp; Development 3.8%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:7272px;left:0px;letter-spacing:-0.44px;white-space:nowrap">LEG Immobilien SE</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:7272px;left:5015.01px;white-space:nowrap">64,453</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:7272px;left:5868.52px;white-space:nowrap">4,556,621</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:7487px;left:0px;letter-spacing:-3.12px;white-space:nowrap">PATRIZIA SE</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:150px;position:absolute;top:7471.27px;left:830.39px;white-space:nowrap">&#8224;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:7487px;left:5015.01px;white-space:nowrap">39,240</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:7487px;left:6003.78px;white-space:nowrap">315,725</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:7702px;left:0px;letter-spacing:-3.74px;white-space:nowrap">TAG Immobilien AG*</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:7702px;left:4923.78px;white-space:nowrap">135,387</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:7702px;left:5868.52px;white-space:nowrap">1,839,422</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7966px;left:5863.77px;white-space:nowrap">6,711,768</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8213px;left:0px;letter-spacing:-0.43px;white-space:nowrap">Semiconductors &amp; Semiconductor Equipment 1.6%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8428px;left:0px;letter-spacing:-0.22px;white-space:nowrap">AIXTRON SE</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8428px;left:5015.01px;white-space:nowrap">73,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8428px;left:6003.78px;white-space:nowrap">799,043</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8643px;left:0px;letter-spacing:-0.25px;white-space:nowrap">Elmos Semiconductor SE</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8643px;left:5106.24px;white-space:nowrap">6,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8643px;left:6003.78px;white-space:nowrap">377,136</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8858px;left:0px;letter-spacing:-0.44px;white-space:nowrap">Siltronic AG</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8858px;left:5015.01px;white-space:nowrap">18,682</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8858px;left:6003.78px;white-space:nowrap">803,027</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9073px;left:0px;letter-spacing:-2.47px;white-space:nowrap">SUSS MicroTec SE</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9073px;left:5015.01px;white-space:nowrap">22,682</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9073px;left:6003.78px;white-space:nowrap">836,558</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:9337px;left:5863.77px;white-space:nowrap">2,815,764</div></div>
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style="background-image:url(data:image/png;base64,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);background-repeat:no-repeat;background-size:cover;height:516.04px;left:0px;position:absolute;top:0px;transform:translate(28.800px,26.331px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:10251.52px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.47px) rotate(0deg) scale(0.05)">







































































			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:53px;left:5020.29px;letter-spacing:-0.34px;white-space:nowrap">Shares</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:53px;left:5934.35px;letter-spacing:-1.66px;white-space:nowrap">Value ($)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:300px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.44px;white-space:nowrap">Software 4.0%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:515px;left:0px;letter-spacing:-1.14px;white-space:nowrap">Atoss Software SE</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:515px;left:5106.24px;white-space:nowrap">1,432</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:515px;left:6003.78px;white-space:nowrap">193,320</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:730px;left:0px;letter-spacing:-0.09px;white-space:nowrap">Nemetschek SE</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:730px;left:5015.01px;white-space:nowrap">51,648</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:730px;left:5868.52px;white-space:nowrap">5,957,287</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:945px;left:0px;letter-spacing:-1.72px;white-space:nowrap">TeamViewer SE 144A*</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:945px;left:5015.01px;white-space:nowrap">66,486</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:945px;left:6003.78px;white-space:nowrap">858,068</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1209px;left:5863.77px;white-space:nowrap">7,008,675</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1456px;left:0px;letter-spacing:-0.8px;white-space:nowrap">Specialty Retail 3.8%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1671px;left:0px;letter-spacing:-0.59px;white-space:nowrap">Auto1 Group SE 144A*</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1671px;left:4923.78px;white-space:nowrap">160,085</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1671px;left:5868.52px;white-space:nowrap">3,509,703</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1886px;left:0px;letter-spacing:-0.59px;white-space:nowrap">Fielmann Group AG</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1886px;left:5015.01px;white-space:nowrap">71,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1886px;left:5868.52px;white-space:nowrap">3,209,058</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2150px;left:5863.77px;white-space:nowrap">6,718,761</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2397px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-1.84px;white-space:nowrap">Textiles, Apparel &amp; Luxury Goods 1.4%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2612px;left:0px;letter-spacing:-0.35px;white-space:nowrap">Puma SE</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2612px;left:4923.78px;white-space:nowrap">104,155</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2612px;left:5863.77px;white-space:nowrap">2,518,593</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2887px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-1.11px;white-space:nowrap">Transportation Infrastructure 0.6%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3102px;left:0px;letter-spacing:-0.72px;white-space:nowrap">Fraport AG Frankfurt Airport Services Worldwide* </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:150px;position:absolute;top:3086.27px;left:3637.18px;white-space:nowrap">&#8224;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3102px;left:5015.01px;white-space:nowrap">16,274</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3102px;left:5863.77px;white-space:nowrap">1,016,767</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3377px;left:0px;letter-spacing:-1.06px;white-space:nowrap">Wireless Telecommunication Services 2.1%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3592px;left:0px;letter-spacing:-0.44px;white-space:nowrap">Freenet AG</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3592px;left:5015.01px;white-space:nowrap">99,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3592px;left:5863.77px;white-space:nowrap">3,767,861</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3899px;left:0px;letter-spacing:-2.89px;white-space:nowrap">Total Common Stocks</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3899px;left:1598.2px;letter-spacing:-0.37px;white-space:nowrap"> (Cost $133,647,924)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3899px;left:5681.31px;white-space:nowrap">151,595,683</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:4361px;left:0px;letter-spacing:-0.99px;white-space:nowrap">Preferred Stocks 6.0%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4630.5px;left:0px;letter-spacing:-0.11px;white-space:nowrap">Chemicals 3.3%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4845.5px;left:0px;white-space:nowrap">FUCHS SE</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:150px;position:absolute;top:4829.77px;left:696.62px;white-space:nowrap">&#8224;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4845.5px;left:4923.78px;white-space:nowrap">123,403</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4845.5px;left:5863.77px;white-space:nowrap">5,906,758</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5120.5px;left:0px;letter-spacing:0.08px;white-space:nowrap">Machinery 2.7%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:5335.5px;left:0px;letter-spacing:-0.44px;white-space:nowrap">Jungheinrich AG</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:5335.5px;left:4923.78px;white-space:nowrap">136,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5335.5px;left:5863.77px;white-space:nowrap">4,711,910</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5642.5px;left:0px;letter-spacing:-2.89px;white-space:nowrap">Total Preferred Stocks</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:5642.5px;left:1624.57px;letter-spacing:-0.37px;white-space:nowrap"> (Cost $8,427,526)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5642.5px;left:5772.54px;white-space:nowrap">10,618,668</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5921.5px;left:0px;letter-spacing:-2.89px;white-space:nowrap">Total Germany</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:5921.5px;left:1087.91px;letter-spacing:-0.37px;white-space:nowrap"> (Cost $142,075,450)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5921.5px;left:5681.31px;white-space:nowrap">162,214,351</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:6383.5px;left:0px;letter-spacing:-0.13px;white-space:nowrap">Netherlands 3.0%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:6668px;left:0px;letter-spacing:-0.54px;white-space:nowrap">Common Stocks </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6905.5px;left:0px;letter-spacing:-0.8px;white-space:nowrap">Consumer Staples Distribution &amp; Retail 3.0% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:7120.5px;left:0px;letter-spacing:-0.99px;white-space:nowrap">Redcare Pharmacy NV 144A* </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:150px;position:absolute;top:7104.77px;left:2139.52px;white-space:nowrap">&#8224;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:7120.5px;left:2229.52px;letter-spacing:-0.37px;white-space:nowrap"> (Cost $3,930,508)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:7120.5px;left:5015.01px;white-space:nowrap">40,958</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7132.5px;left:5863.77px;white-space:nowrap">5,255,075</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:7550.5px;left:0px;letter-spacing:-0.75px;white-space:nowrap">Luxembourg 1.1%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:7835px;left:0px;letter-spacing:-0.54px;white-space:nowrap">Common Stocks </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8104.5px;left:0px;letter-spacing:-0.23px;white-space:nowrap">Commercial Services &amp; Supplies 0.6%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8319.5px;left:0px;letter-spacing:-1.17px;white-space:nowrap">Befesa SA 144A</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8319.5px;left:5015.01px;white-space:nowrap">36,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8319.5px;left:6001.41px;white-space:nowrap">993,773</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8594.5px;left:0px;white-space:nowrap">Media 0.5%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8809.5px;left:0px;letter-spacing:-0.59px;white-space:nowrap">RTL Group SA</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:150px;position:absolute;top:8793.77px;left:972.25px;white-space:nowrap">&#8224;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8809.5px;left:5015.01px;white-space:nowrap">25,798</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8809.5px;left:6001.41px;white-space:nowrap">972,378</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:9116.5px;left:0px;letter-spacing:-2.89px;white-space:nowrap">Total Luxembourg</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9116.5px;left:1330.05px;letter-spacing:-0.37px;white-space:nowrap"> (Cost $2,258,456)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:9116.5px;left:5863.77px;white-space:nowrap">1,966,151</div></div>
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		<div style="background-image:url(data:image/png;base64,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);background-repeat:no-repeat;background-size:cover;height:516.04px;left:0px;position:absolute;top:0px;transform:translate(28.800px,26.331px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:10251.52px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.47px) rotate(0deg) scale(0.05)">


































































			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:53px;left:5020.29px;letter-spacing:-0.34px;white-space:nowrap">Shares</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:53px;left:5934.35px;letter-spacing:-1.66px;white-space:nowrap">Value ($)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:300px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-1px;white-space:nowrap">Securities Lending Collateral 9.2%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:584.5px;left:0px;letter-spacing:-0.83px;white-space:nowrap">DWS Government &amp; Agency Securities Portfolio &#39;&#39;DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:800.5px;left:244px;letter-spacing:-0.4px;white-space:nowrap">Government Cash Institutional Shares&#39;&#39;, 4.25% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1016.5px;left:244px;letter-spacing:-0.37px;white-space:nowrap">(Cost $16,287,898) (a) (b)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1016.5px;left:4697.29px;white-space:nowrap">16,287,898</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1016.5px;left:5772.54px;white-space:nowrap">16,287,898</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:1446.5px;left:0px;letter-spacing:-0.74px;white-space:nowrap">Cash Equivalents 3.6%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1731px;left:0px;letter-spacing:-0.66px;white-space:nowrap">DWS Central Cash Management Government Fund, 4.37% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1947px;left:244px;letter-spacing:-0.37px;white-space:nowrap">(Cost $6,454,755) (b)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1947px;left:4788.52px;white-space:nowrap">6,454,755</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1947px;left:5863.77px;white-space:nowrap">6,454,755</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2467px;left:4878.52px;letter-spacing:-0.31px;white-space:nowrap">% of Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2695px;left:5038.92px;letter-spacing:-0.21px;white-space:nowrap">Assets</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2695px;left:5934.35px;letter-spacing:-1.66px;white-space:nowrap">Value ($)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:2942px;left:0px;letter-spacing:-3.37px;white-space:nowrap">Total Investment Portfolio </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2964.5px;left:2304.87px;letter-spacing:-0.37px;white-space:nowrap">(Cost $171,007,067)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2964.5px;left:5089.51px;white-space:nowrap">108.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2964.5px;left:5407.23px;white-space:nowrap">6</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2964.5px;left:5681.31px;white-space:nowrap">192,178,230</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:3211.5px;left:0px;letter-spacing:-0.48px;white-space:nowrap">Other Assets and Liabilities, Net</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3222.75px;left:5218.18px;letter-spacing:-9.26px;white-space:nowrap">(8.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3222.75px;left:5379.44px;letter-spacing:-9.26px;white-space:nowrap">6</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3222.75px;left:5461.41px;white-space:nowrap">)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3222.75px;left:5716.47px;letter-spacing:-4.67px;white-space:nowrap">(15,277,343)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:3498px;left:0px;letter-spacing:-0.36px;white-space:nowrap">Net Assets</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3520.5px;left:5089.51px;white-space:nowrap">100.0</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3520.5px;left:5681.31px;white-space:nowrap">176,900,887</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3905.5px;left:0px;letter-spacing:-1.63px;white-space:nowrap">For information on the Fund&#8217;s policies regarding the valuation of investments and other </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4121.5px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-1.63px;white-space:nowrap">significant accounting policies, please refer to the Fund&#8217;s most recent semi-annual or annual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4337.5px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.92px;white-space:nowrap">financial statements.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4767.5px;left:0px;letter-spacing:-1.63px;white-space:nowrap">A summary of the Fund&#8217;s transactions with affiliated investments during the period ended </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4983.5px;left:0px;letter-spacing:-0.88px;white-space:nowrap">March 31, 2025 are as follows:</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:5416.5px;left:3409.89px;letter-spacing:-0.27px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:5608.5px;left:3160.12px;letter-spacing:-0.29px;white-space:nowrap">Change</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:6980.5px;left:105.64px;letter-spacing:-1.47px;white-space:nowrap">Value ($) at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:7172.5px;left:75.95px;white-space:nowrap">12/31/2024</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:6788.5px;left:1152.58px;letter-spacing:-0.23px;white-space:nowrap">Purchases </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:6980.5px;left:1530px;letter-spacing:-0.45px;white-space:nowrap">Cost</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:7172.5px;left:1637.42px;white-space:nowrap">($)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:6788.5px;left:2289.92px;white-space:nowrap">Sales </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:6980.5px;left:2024.37px;letter-spacing:-0.24px;white-space:nowrap">Proceeds</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:7172.5px;left:2447.42px;white-space:nowrap">($)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:6212.5px;left:2780.89px;letter-spacing:-0.36px;white-space:nowrap">Net</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:6404.5px;left:2685.65px;letter-spacing:-0.39px;white-space:nowrap">Real- </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:6596.5px;left:2754.87px;letter-spacing:-0.74px;white-space:nowrap">ized</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:6788.5px;left:2646.36px;white-space:nowrap">Gain/</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:6980.5px;left:2640.18px;white-space:nowrap">(Loss)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:7172.5px;left:2840.42px;white-space:nowrap">($)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:5828.5px;left:3525.04px;white-space:nowrap">in</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:6020.5px;left:3157px;letter-spacing:-0.22px;white-space:nowrap">Unreal- </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:6212.5px;left:3383.87px;letter-spacing:-0.74px;white-space:nowrap">ized</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:6404.5px;left:3090.67px;letter-spacing:-0.26px;white-space:nowrap">Appreci- </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:6596.5px;left:3238.4px;text-rendering:optimizeLegibility;letter-spacing:-0.3px;white-space:nowrap">ation/ </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:6788.5px;left:3042.23px;letter-spacing:-0.26px;white-space:nowrap">(Depreci- </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:6980.5px;left:3257.31px;text-rendering:optimizeLegibility;letter-spacing:-0.3px;white-space:nowrap">ation) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:7172.5px;left:3469.42px;white-space:nowrap">($)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:6980.5px;left:3702.79px;letter-spacing:-0.13px;white-space:nowrap">Income</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:7172.5px;left:4013.42px;white-space:nowrap">($)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:6404.5px;left:4300.18px;letter-spacing:-0.22px;white-space:nowrap">Capital</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:6596.5px;left:4455.11px;white-space:nowrap">Gain</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:6788.5px;left:4358.39px;letter-spacing:-0.3px;white-space:nowrap">Distri- </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:6980.5px;left:4260.11px;text-rendering:optimizeLegibility;white-space:nowrap">butions</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:7172.5px;left:4580.42px;white-space:nowrap">($)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:6596.5px;left:5111.51px;white-space:nowrap">Number</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:6788.5px;left:5043.47px;letter-spacing:-0.3px;white-space:nowrap">of Shares</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:6980.5px;left:5523.23px;letter-spacing:-0.74px;white-space:nowrap">at</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:7172.5px;left:4951.04px;white-space:nowrap">3/31/2025</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:6788.5px;left:6007.78px;letter-spacing:-1.47px;white-space:nowrap">Value ($) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:6980.5px;left:6462.23px;letter-spacing:-0.74px;white-space:nowrap">at</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:7172.5px;left:5890.04px;white-space:nowrap">3/31/2025 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:7406.5px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.63px;white-space:nowrap">Securities Lending Collateral 9.2%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:150px;font-weight:300;position:absolute;top:7655.5px;left:0px;letter-spacing:-0.74px;white-space:nowrap">DWS Government &amp; Agency Securities Portfolio &#39;&#39;DWS Government Cash Institutional Shares&#39;&#39;, 4.25% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:150px;font-weight:300;position:absolute;top:7847.5px;left:0px;white-space:nowrap">(a) (b)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:150px;font-weight:300;position:absolute;top:8096.5px;left:216.26px;white-space:nowrap">7,649,285</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:150px;font-weight:300;position:absolute;top:8096.5px;left:972.42px;white-space:nowrap">8,638,613 (c)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:150px;font-weight:300;position:absolute;top:8096.5px;left:2548.51px;white-space:nowrap">&#8211;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:150px;font-weight:300;position:absolute;top:8096.5px;left:2941.51px;white-space:nowrap">&#8211;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:150px;font-weight:300;position:absolute;top:8096.5px;left:3570.51px;white-space:nowrap">&#8211;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:150px;font-weight:300;position:absolute;top:8096.5px;left:3749.59px;white-space:nowrap">12,303</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:150px;font-weight:300;position:absolute;top:8096.5px;left:4681.51px;white-space:nowrap">&#8211;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:150px;font-weight:300;position:absolute;top:8096.5px;left:4929.17px;white-space:nowrap">16,287,898</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:150px;font-weight:300;position:absolute;top:8096.5px;left:5868.17px;white-space:nowrap">16,287,898</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:8345.5px;left:0px;letter-spacing:-0.51px;white-space:nowrap">Cash Equivalents 3.6%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:150px;font-weight:300;position:absolute;top:8594.5px;left:0px;letter-spacing:-0.59px;white-space:nowrap">DWS Central Cash Management Government Fund, 4.37% (b)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:150px;font-weight:300;position:absolute;top:8843.5px;left:216.26px;white-space:nowrap">5,330,334</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:150px;font-weight:300;position:absolute;top:8843.5px;left:1091.17px;white-space:nowrap">11,387,495</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:150px;font-weight:300;position:absolute;top:8843.5px;left:1901.17px;white-space:nowrap">10,263,074</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:150px;font-weight:300;position:absolute;top:8843.5px;left:2941.51px;white-space:nowrap">&#8211;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:150px;font-weight:300;position:absolute;top:8843.5px;left:3570.51px;white-space:nowrap">&#8211;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:150px;font-weight:300;position:absolute;top:8843.5px;left:3749.59px;white-space:nowrap">45,298</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:150px;font-weight:300;position:absolute;top:8843.5px;left:4681.51px;white-space:nowrap">&#8211;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:150px;font-weight:300;position:absolute;top:8843.5px;left:5010.26px;white-space:nowrap">6,454,755</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:150px;font-weight:300;position:absolute;top:8843.5px;left:5949.26px;white-space:nowrap">6,454,755</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:9092.5px;left:130.95px;white-space:nowrap">12,979,619</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:9092.5px;left:1086.95px;white-space:nowrap">20,026,108</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:9092.5px;left:1896.95px;white-space:nowrap">10,263,074</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:9092.5px;left:2941.51px;white-space:nowrap">&#8211;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:9092.5px;left:3570.51px;white-space:nowrap">&#8211;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:9092.5px;left:3747.48px;white-space:nowrap">57,601</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:9092.5px;left:4681.51px;white-space:nowrap">&#8211;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:9092.5px;left:4924.95px;white-space:nowrap">22,742,653</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:9092.5px;left:5863.95px;white-space:nowrap">22,742,653</div></div>
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		</div>
		<div style="background-image:url(data:image/png;base64,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);background-repeat:no-repeat;background-size:cover;height:517.63px;left:0px;position:absolute;top:0px;transform:translate(28.800px,27.312px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:10251.52px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1.49px) rotate(0deg) scale(0.05)">






















































			<div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3686px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-1.63px;white-space:nowrap">Securities are listed in the country of domicile. For purposes of the Fund&#8217;s investment</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3902px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-1.17px;white-space:nowrap">objective policy to invest in German companies, non-Germany domiciled securities may</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4118px;left:0px;letter-spacing:-1.63px;white-space:nowrap">qualify as German companies as defined in the Fund&#8217;s Statement of Investment Objectives,</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4334px;left:0px;letter-spacing:-0.8px;white-space:nowrap">Policies and Investment Restrictions.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:40px;left:0px;white-space:nowrap">*</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:40px;left:504.2px;letter-spacing:-1.37px;white-space:nowrap">Non-income producing security.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:150px;position:absolute;top:267.13px;left:0px;white-space:nowrap">&#8224;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:287px;left:504.2px;letter-spacing:-0.88px;white-space:nowrap">All or a portion of these securities were on loan. The value of all securities loaned at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:503px;left:504.2px;letter-spacing:-0.59px;white-space:nowrap">March 31, 2025 amounted to $15,143,479, which is 8.6% of net assets.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:750px;left:0px;white-space:nowrap">(a)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:750px;left:504.2px;letter-spacing:-0.8px;white-space:nowrap">Represents cash collateral held in connection with securities lending. Income earned </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:966px;left:504.2px;letter-spacing:-0.77px;white-space:nowrap">by the Fund is net of borrower rebates.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1213px;left:0px;white-space:nowrap">(b)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1213px;left:504.2px;text-rendering:optimizeLegibility;letter-spacing:-1.41px;white-space:nowrap">Affiliated fund managed by DWS Investment Management Americas, Inc. The rate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1429px;left:504.2px;letter-spacing:-0.62px;white-space:nowrap">shown is the annualized seven-day yield at period end.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1676px;left:0px;white-space:nowrap">(c)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1676px;left:504.2px;letter-spacing:-0.72px;white-space:nowrap">Represents the net increase (purchases cost) or decrease (sales proceeds) in the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1892px;left:504.2px;letter-spacing:-1.1px;white-space:nowrap">amount invested in cash collateral for the period ended March 31, 2025.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2309px;left:0px;white-space:nowrap">144A:</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2309px;left:504.2px;text-rendering:optimizeLegibility;letter-spacing:-1.19px;white-space:nowrap">Securities exempt from registration under Rule 144A of the Securities Act of 1933. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2525px;left:504.2px;letter-spacing:-1.19px;white-space:nowrap">These securities may be resold in transactions exempt from registration, normally to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2741px;left:504.2px;text-rendering:optimizeLegibility;letter-spacing:-0.82px;white-space:nowrap">qualified institutional buyers.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2988px;left:0px;letter-spacing:-1.76px;white-space:nowrap">For purposes of its industry concentration policy, the Fund classifies issuers of portfolio </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3204px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.59px;white-space:nowrap">securities at the industry sub-group level.&#160;Certain of the categories in the above Schedule of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3420px;left:0px;letter-spacing:-0.73px;white-space:nowrap">Investments consist of multiple industry sub-groups or industries. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:4804px;left:0px;letter-spacing:-1.93px;white-space:nowrap">Fair Value Measurements</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:5145.5px;left:0px;letter-spacing:-1.63px;white-space:nowrap">Various inputs are used in determining the value of the Fund&#8217;s investments. These inputs </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:5361.5px;left:0px;letter-spacing:-0.88px;white-space:nowrap">are summarized in three broad levels. Level 1 includes quoted prices in active markets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:5577.5px;left:0px;letter-spacing:-1.1px;white-space:nowrap">for identical securities. Level 2 includes other significant observable inputs (including </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:5793.5px;left:0px;letter-spacing:-1.1px;white-space:nowrap">quoted prices for similar securities, interest rates, prepayment speeds and credit risk). </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:6009.5px;left:0px;letter-spacing:-1.63px;white-space:nowrap">Level 3 includes significant unobservable inputs (including the Fund&#8217;s own assumptions in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:6225.5px;left:0px;letter-spacing:-0.79px;white-space:nowrap">determining the fair value of investments). The level assigned to the securities valuations </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:6441.5px;left:0px;letter-spacing:-0.88px;white-space:nowrap">may not be an indication of the risk associated with investing in those securities.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:6871.5px;left:0px;letter-spacing:-1.63px;white-space:nowrap">The following is a summary of the inputs used as of March 31, 2025 in valuing the Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:7087.5px;left:0px;letter-spacing:-0.73px;white-space:nowrap">investments.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7517.5px;left:0px;letter-spacing:-0.21px;white-space:nowrap">Assets</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7517.5px;left:2354.65px;letter-spacing:-0.42px;white-space:nowrap">Level 1</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7517.5px;left:3491.65px;letter-spacing:-0.42px;white-space:nowrap">Level 2</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7517.5px;left:4629.65px;letter-spacing:-0.42px;white-space:nowrap">Level 3</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7517.5px;left:5844.18px;letter-spacing:-3.46px;white-space:nowrap">Total</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:7732.5px;left:0px;letter-spacing:-0.73px;white-space:nowrap">Common Stocks and/or Other Equity Investments (d) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:7947.5px;left:180px;letter-spacing:-0.5px;white-space:nowrap">Germany</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:7947.5px;left:2044.2px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:7947.5px;left:2184.2px;white-space:nowrap">162,214,351</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:7947.5px;left:3181.2px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:7947.5px;left:4044.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:7947.5px;left:4318.2px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:7947.5px;left:5181.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:7947.5px;left:5457.2px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:7947.5px;left:5597.2px;white-space:nowrap">162,214,351</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8162.5px;left:180px;letter-spacing:-0.08px;white-space:nowrap">Netherlands</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8162.5px;left:2343.52px;letter-spacing:0px;white-space:nowrap">5,255,075</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8162.5px;left:4044.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8162.5px;left:5181.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8162.5px;left:5756.52px;letter-spacing:0px;white-space:nowrap">5,255,075</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8377.5px;left:180px;letter-spacing:-0.75px;white-space:nowrap">Luxembourg</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8377.5px;left:2343.52px;letter-spacing:0px;white-space:nowrap">1,966,151</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8377.5px;left:4044.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8377.5px;left:5181.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8377.5px;left:5756.52px;letter-spacing:0px;white-space:nowrap">1,966,151</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8580.5px;left:0px;letter-spacing:-2.04px;white-space:nowrap">Short-Term Instruments (d)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8580.5px;left:2252.29px;letter-spacing:0px;white-space:nowrap">22,742,653</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8580.5px;left:4044.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8580.5px;left:5181.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8580.5px;left:5665.29px;letter-spacing:0px;white-space:nowrap">22,742,653</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8795.5px;left:0px;letter-spacing:-3.46px;white-space:nowrap">Total</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8795.5px;left:2044.2px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8795.5px;left:2184.2px;white-space:nowrap">192,178,230</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8795.5px;left:3181.2px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8795.5px;left:4044.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8795.5px;left:4318.2px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8795.5px;left:5181.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8795.5px;left:5457.2px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8795.5px;left:5597.2px;white-space:nowrap">192,178,230</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9010.5px;left:0px;letter-spacing:-1.1px;white-space:nowrap">(d) See Schedule of Investments for additional detailed categorizations.</div></div>
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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:0px;left:0px;letter-spacing:-2.59px;white-space:nowrap">OBTAIN AN OPEN-END FUND PROSPECTUS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:216px;left:0px;letter-spacing:-5.19px;white-space:nowrap">To obtain a summary prospectus, if available, or prospectus, download one from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:432px;left:0px;letter-spacing:-2.14px;white-space:nowrap">fundsus.dws.com, talk to your financial representative or call (800) 728-3337. We advise </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:648px;left:0px;letter-spacing:-0.87px;white-space:nowrap">you to carefully consider the product&#39;s objectives, risks, charges and expenses before </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:864px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.57px;white-space:nowrap">investing. The summary prospectus and prospectus contain this and other important </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1080px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.87px;white-space:nowrap">information about the investment product. Please read the prospectus carefully before </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1296px;left:0px;letter-spacing:-0.89px;white-space:nowrap">you invest.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1727px;left:0px;letter-spacing:-0.29px;white-space:nowrap">CLOSED-END FUNDS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:1943px;left:0px;letter-spacing:-0.88px;white-space:nowrap">The shares of most closed-end funds, including the Fund, are not continuously offered. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2159px;left:0px;letter-spacing:-1px;white-space:nowrap">Once issued, shares of closed-end funds are bought and sold in the open market. Shares of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2375px;left:0px;letter-spacing:-1.63px;white-space:nowrap">closed-end funds frequently trade at a discount to net asset value. The price of the fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2591px;left:0px;letter-spacing:-1.03px;white-space:nowrap">shares is determined by a number of factors, several of which are beyond the control of the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2807px;left:0px;letter-spacing:-1.04px;white-space:nowrap">fund. Therefore, the fund cannot predict whether its shares will trade at, below or above </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3023px;left:0px;letter-spacing:-0.44px;white-space:nowrap">net asset value.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3454px;left:0px;letter-spacing:-1.76px;white-space:nowrap">The brand DWS represents DWS Group GmbH &amp; Co. KGaA and any of its subsidiaries </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3670px;left:0px;letter-spacing:-1.26px;white-space:nowrap">such as DWS Distributors, Inc., which offers investment products, or DWS Investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3886px;left:0px;letter-spacing:-0.88px;white-space:nowrap">Management Americas Inc. and RREEF America L.L.C., which offer advisory services.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4317px;left:0px;letter-spacing:-3.08px;white-space:nowrap">NO BANK GUARANTEE | NOT FDIC INSURED | MAY LOSE VALUE</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4748px;left:0px;white-space:nowrap">NGF-PH1</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4964px;left:0px;white-space:nowrap">R-080548-3 (1/27)</div></div>
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