# DWS Invest CROCI Global Dividends
DWS INVEST CROCI GLOBAL DIVIDENDS

### Performance of share classes vs. benchmark (in USD)
| Share class | ISIN | 6 months |
| --- | --- | --- |
| Class USD LC | LU1769944106 | -16.7% |
| Class USD IC | LU1769944015 | -16.4% |
| Class USD LDQ | LU1769944288 | -16.7% |
| Class IC 1 | LU1769943553 | -16.5% |
| Class ID 1 | LU1769943637 | -16.9% |
| Class LC 1 | LU1769943710 | -16.7% |
| Class LD 1 | LU1769943801 | -16.7% |
| Class TFC 1 | LU1769943983 | -16.5% |
| Class GBP IC 2 | LU1769943124 | -11.4% |
| Class GBP ID 2 | LU1769943397 | -10.7% |
| Class GBP LC 2 | LU1769943470 | -11.2% |
| Class GBP TFC 2 | LU1769943041 | -10.7% |
| MSCI World (NDR) |  | -5.6% |

1 
in EUR
2 
in GBP
“BVI method” performance, i.e., excluding the initial sales charge.
Past performance is no guide to future results.	As of: June 30, 2020
The format used for complete dates
in security names in the investment
portfolio is “day/month/year”.
DWS Invest CROCI Global Dividends
| Statement of net assets as of June 30, 2020 |  |
| --- | --- |
|  | Amount in USD | % of net assets |
| I. Assets |  |  |
| 1. Equities (sectors): Information Technology | 10 986 550.15 | 8.09 |
| Telecommunication Services | 10 382 261.86 | 7.65 |
| Consumer Discretionaries | 52 486 362.38 | 38.69 |
| Energy | 4 944 652.16 | 3.65 |
| Consumer Staples | 13 928 635.96 | 10.26 |
| Basic Materials | 11 242 706.79 | 8.28 |
| Industrials | 31 322 148.68 | 23.08 |
| Total equities | 135 293 317.98 | 99.70 |
| 2. Investment fund units Other funds | 468 534.72 | 0.35 |
| Total investment fund units | 468 534.72 | 0.35 |
| 3. Cash at bank | 64 590.41 | 0.05 |
| 4. Other assets | 812 183.62 | 0.60 |
| 5. Receivables from share certificate transactions | 1 216.97 | 0.00 |
| II. Liabilities |  |  |
| 1. Loan liabilities | -46 491.67 | - 0.04 |
| 2. Other liabilities | -295 138.91 | - 0.22 |
| 3. Liabilities from share certificate transactions | -597 443.75 | - 0.44 |
| III. Net assets | 135 700 769.37 | 100.00 |
| Negligible rounding errors may have arisen due to the rounding of calculated percentages. |  |  |

| Investment portfolio – June 30, 2020 |  |
| --- | --- |
|  | Count/ | Quantity/ | Purchases/ | Sales/ | Currency | Market price | Total market | % of |
| Security name | units/ currency | principal amount | additions in the | disposals reporting period |  |  | value in EUR | net assets |
| Securities traded on an exchange |  |  |  |  |  |  | 135 293 317.98 | 99.70 |
| Equities BHP Billiton Ltd ....................................  | Count | 112 631 | 27 921 | 66 314 | AUD | 35.82 | 2 770 451.59 | 2.04 |
| TC Energy Corp. ...................................  | Count | 58 828 | 63 098 | 4 270 | CAD | 57.32 | 2 466 460.13 | 1.82 |
| Holcim Ltd ........................................  | Count | 67 502 | 20 071 | 26 046 | CHF | 41.26 | 2 931 564.15 | 2.16 |
| Roche Holding AG ..................................  | Count | 7 257 | 1 813 | 7 066 | CHF | 327.65 | 2 502 769.38 | 1.84 |
| Bayer AG .........................................  | Count | 39 204 | 9 938 | 20 745 | EUR | 65.79 | 2 890 672.18 | 2.13 |
| CRH PLC .........................................  | Count | 86 810 | 94 420 | 7 610 | EUR | 30.06 | 2 924 605.61 | 2.15 |
| Danone SA .......................................  | Count | 38 289 | 41 926 | 3 637 | EUR | 61.82 | 2 652 843.32 | 1.95 |
| Koninklijke Ahold Delhaize NV.........................  | Count | 105 735 | 113 951 | 8 216 | EUR | 24.35 | 2 885 534.77 | 2.13 |
| Sanofi............................................  | Count | 27 260 | 6 731 | 21 193 | EUR | 90.36 | 2 760 645.55 | 2.03 |
| British American Tobacco PLC ........................  | Count | 69 752 | 17 069 | 50 887 | GBP | 31.085 | 2 666 936.76 | 1.97 |
| GlaxoSmithKline PLC................................  | Count | 127 937 | 198 972 | 71 035 | GBP | 16.304 | 2 565 638.78 | 1.89 |
| Imperial Brands PLC ................................  | Count | 137 408 | 153 978 | 191 538 | GBP | 15.475 | 2 615 458.64 | 1.93 |
| Rio Tinto PLC......................................  | Count | 49 547 | 14 216 | 36 147 | GBP | 45.135 | 2 750 654.18 | 2.03 |
| Asahi Group Holdings Ltd ............................  | Count | 74 700 | 79 800 | 5 100 | JPY | 3 776 | 2 618 886.77 | 1.93 |
| Asahi Kasei Corp. ..................................  | Count | 361 199 | 139 100 | 124 401 | JPY | 875.6 | 2 936 408.19 | 2.16 |
| Bridgestone Corp. ..................................  | Count | 83 772 | 27 000 | 39 055 | JPY | 3 469 | 2 698 157.63 | 1.99 |
| Hitachi Ltd ........................................  | Count | 86 100 | 94 800 | 110 100 | JPY | 3 403 | 2 720 377.88 | 2.00 |
| KDDI Corp. .......................................  | Count | 86 876 | 18 800 | 64 900 | JPY | 3 234 | 2 608 578.84 | 1.92 |
| Komatsu Ltd ......................................  | Count | 132 848 | 43 100 | 72 052 | JPY | 2 203.5 | 2 717 892.09 | 2.00 |
| Kubota Corp. ......................................  | Count | 193 600 | 207 100 | 13 500 | JPY | 1 608 | 2 890 383.92 | 2.13 |
| Sekisui House Ltd ..................................  | Count | 148 148 | 28 200 | 54 752 | JPY | 2 052.5 | 2 823 209.41 | 2.08 |
| Seven & I Holdings Co., Ltd ..........................  | Count | 77 488 | 13 700 | 36 712 | JPY | 3 520 | 2 532 452.16 | 1.87 |
| Subaru Corp. ......................................  | Count | 127 161 | 32 200 | 47 839 | JPY | 2 241.5 | 2 646 408.07 | 1.95 |
| Tokyo Electron Ltd .................................  | Count | 12 941 | 14 167 | 19 718 | JPY | 26 440 | 3 176 825.96 | 2.34 |
| Singapore Telecommunications Ltd ....................  | Count | 1 362 500 | 1 475 100 | 112 600 | SGD | 2.46 | 2 400 623.12 | 1.77 |
| AbbVie, Inc. .......................................  | Count | 28 416 | 6 615 | 21 946 | USD | 96.07 | 2 729 925.12 | 2.01 |
| Altria Group, Inc. ...................................  | Count | 70 120 | 20 609 | 29 419 | USD | 39.01 | 2 735 381.20 | 2.02 |
| Amgen, Inc. .......................................  | Count | 11 441 | 3 044 | 8 572 | USD | 232.42 | 2 659 117.22 | 1.96 |
| AT&T, Inc. ........................................  | Count | 89 470 | 96 438 | 6 968 | USD | 29.74 | 2 660 837.80 | 1.96 |
| Bristol-Myers Squibb Co..............................  | Count | 41 307 | 10 175 | 36 635 | USD | 57.68 | 2 382 587.76 | 1.76 |
| Caterpillar, Inc......................................  | Count | 23 142 | 5 749 | 9 650 | USD | 124.36 | 2 877 939.12 | 2.12 |
| Cisco Systems, Inc..................................  | Count | 58 090 | 62 719 | 4 629 | USD | 46.69 | 2 712 222.10 | 2.00 |
| Cummins, Inc. .....................................  | Count | 16 509 | 5 905 | 10 586 | USD | 171.01 | 2 823 204.09 | 2.08 |
| Eastman Chemical Co. ..............................  | Count | 41 013 | 9 179 | 17 809 | USD | 67.91 | 2 785 192.83 | 2.05 |
| Eaton Corp., PLC ...................................  | Count | 33 949 | 10 057 | 18 715 | USD | 86.17 | 2 925 385.33 | 2.16 |
| Garmin Ltd........................................  | Count | 31 706 | 34 128 | 2 422 | USD | 96.29 | 3 052 970.74 | 2.25 |
| Genuine Parts Co. ..................................  | Count | 34 044 | 36 335 | 2 291 | USD | 86.29 | 2 937 656.76 | 2.16 |
| Gilead Sciences, Inc. ................................  | Count | 36 214 | 10 218 | 32 797 | USD | 75.61 | 2 738 140.54 | 2.02 |
| HP, Inc. ..........................................  | Count | 155 545 | 173 707 | 18 162 | USD | 17.05 | 2 652 042.25 | 1.95 |
| International Business Machines Corp...................  | Count | 21 538 | 5 030 | 12 225 | USD | 119.51 | 2 574 006.38 | 1.90 |
| JM Smucker Co./The................................  | Count | 23 535 | 38 940 | 15 405 | USD | 105.39 | 2 480 353.65 | 1.83 |
| Johnson Controls International PLC ....................  | Count | 89 735 | 118 184 | 28 449 | USD | 33.71 | 3 024 966.85 | 2.23 |
| Kinder Morgan, Inc. .................................  | Count | 169 623 | 181 623 | 12 000 | USD | 14.61 | 2 478 192.03 | 1.83 |
| Lockheed Martin Corp. ..............................  | Count | 7 039 | 7 521 | 482 | USD | 363.91 | 2 561 562.49 | 1.89 |
| Merck & Co., Inc. ..................................  | Count | 33 408 | 10 041 | 21 511 | USD | 76.39 | 2 552 037.12 | 1.88 |
| NetApp, Inc. ......................................  | Count | 58 204 | 62 558 | 4 354 | USD | 44.39 | 2 583 675.56 | 1.90 |
| Pfizer, Inc. ........................................  | Count | 69 074 | 116 894 | 47 820 | USD | 32.29 | 2 230 399.46 | 1.64 |
| Philip Morris International, Inc. ........................  | Count | 37 820 | 41 133 | 3 313 | USD | 69.9 | 2 643 618.00 | 1.95 |
| Raytheon Technologies Corp. .........................  | Count | 44 722 | 48 587 | 3 865 | USD | 60.25 | 2 694 500.50 | 1.99 |
| Tyson Foods, Inc. ..................................  | Count | 44 796 | 47 641 | 2 845 | USD | 59 | 2 642 964.00 | 1.95 |
| Investment fund units |  |  |  |  |  |  | 468 534.72 | 0.35 |
| In-group fund units Deutsche Global Liquidity Series Plc - Managed Dollar Fund - EUR - (0.150%) ...................................         | Units | 45 | 806 | 761 | USD | 10 380.74 | 468 534.72 | 0.35 |
| Total securities portfolio |  |  |  |  |  |  | 135 761 852.70 | 100.05 |
| Cash at bank |  |  |  |  |  |  | 64 590.41 | 0.05 |
| Deposits in other EU/EEA currencies |  |  |  |  |  |  |  |  |
| British pound .....................................  | GBP | 31 429 |  |  |  |  | 38 657.11 | 0.03 |
| Danish krone ......................................  | DKK | 5 413 |  |  |  |  | 814.08 | 0.00 |
| Norwegian krone ...................................  | NOK | 3 935 |  |  |  |  | 405.31 | 0.00 |
| Swedish krona.....................................  | SEK | 3 616 |  |  |  |  | 386.88 | 0.00 |

DWS Invest CROCI Global Dividends
| Count/ Security name	units/ | Quantity/ principal | Purchases/ additions | Sales/ disposals | Currency | Market price | Total market value in | % of net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  | currency | amount | in the reporting period | EUR |  |
| Deposits in non-EU/EEA currencies |  |  |  |  |  |
| Australian dollar ....................................         | AUD | 3 981 |  | 2 734.05 | 0.00 |
| Hong Kong dollar ..................................  | HKD | 51 |  | 6.52 | 0.00 |
| Israeli shekel ......................................  | ILS | 1 018 |  | 293.54 | 0.00 |
| Japanese yen .....................................  | JPY | 5 729 |  | 53.19 | 0.00 |
| Canadian dollar ....................................  | CAD | 3 726 |  | 2 725.70 | 0.00 |
| Swiss franc .......................................  | CHF | 2 602 |  | 2 738.60 | 0.00 |
| Singapore dollar ...................................  | SGD | 22 026 |  | 15 775.43 | 0.02 |
| U.S. dollar ........................................  | USD |  |  | 0.00 | 0.00 |
| Other assets |  |  |  | 812 183.62 | 0.60 |
| Dividends/Distributions receivable .....................  |  |  |  | 582 632.35 | 0.43 |
| Other receivables ..................................  |  |  |  | 229 551.27 | 0.17 |
| Receivables from share certificate transactions |  |  |  | 1 216.97 | 0.00 |
| Total assets |  |  |  | 136 639 843.70 | 100.70 |
| Short-term liabilities |  |  |  | -46 491.67 | -0.04 |
| EUR loans ........................................  | EUR | 5 336 |  | -5 980.81 | 0.00 |
| Loans in non-EU/EEA currencies |  |  |  |  |  |
| U.S. dollar ........................................  | USD |  |  | -40 510.86 | -0.04 |
| Other liabilities |  |  |  | -295 138.91 | -0.22 |
| Liabilities from cost items ............................  |  |  |  | -276 729.12 | -0.20 |
| Additional other liabilities.............................  |  |  |  | -18 409.79 | -0.02 |
| Liabilities from share certificate transactions |  |  |  | -597 443.75 | -0.44 |
| Total liabilities |  |  |  | -939 074.33 | -0.70 |
| Net assets |  |  |  | 135 700 769.37 | 100.00 |

Negligible rounding errors may have arisen due to the rounding of calculated percentages.
A list of the transactions completed during the reporting period that no longer appear in the investment portfolio is available free of charge from the Management Company upon request.
| Net asset value per share and number of shares outstanding | Count/ currency | Net asset value per share in the respective currency |
| --- | --- | --- |
| Net asset value per share Class IC ..........................................  | EUR | 169.68 |
| Class ID ..........................................  | EUR | 115.13 |
| Class LC .........................................  | EUR | 166.32 |
| Class LD .........................................  | EUR | 135.26 |
| Class TFC ........................................  | EUR | 151.39 |
| Class GBP IC ......................................  | GBP | 197.65 |
| Class GBP ID ......................................  | GBP | 165.46 |
| Class GBP LC .....................................  | GBP | 188.64 |
| Class GBP TFC ....................................  | GBP | 164.39 |
| Class USD IC ......................................  | USD | 154.84 |
| Class USD LC .....................................  | USD | 146.44 |
| Class USD LDQ ....................................  | USD | 92.91 |
| Number of shares outstanding Class IC ..........................................  | Count | 381 167.352 |
| Class ID ..........................................  | Count | 13 995.000 |
| Class LC .........................................  | Count | 57 727.461 |
| Class LD .........................................  | Count | 186 472.696 |
| Class TFC ........................................  | Count | 62 612.566 |
| Class GBP IC ......................................  | Count | 820.000 |
| Class GBP ID ......................................  | Count | 2 334.423 |
| Class GBP LC .....................................  | Count | 1 315.000 |
| Class GBP TFC ....................................  | Count | 940.371 |
| Class USD IC ......................................  | Count | 35 536.565 |
| Class USD LC .....................................  | Count | 32 264.233 |
| Class USD LDQ ....................................  | Count | 3 892.000 |

Composition of the reference portfolio (according to CSSF circular 11/512) MSCI World Net TR Index
Market risk exposure (value-at-risk) (according to CSSF circular 11/512)
| Lowest market risk exposure ..................... . | % | 67.685 |
| --- | --- | --- |
| Highest market risk exposure ..................... . | % | 104.027 |
| Average market risk exposure .................... . | % | 81.601 |

The values-at-risk were calculated for the period from January 1, 2020, through June 30, 2020, using historical simulation with a 99% confidence level, a 10-day holding period and an effective historical observation period of one year. The risk in a reference portfolio that does not contain derivatives is used as the measurement benchmark. Market risk is the risk to the fund’s assets arising from an unfavorable change in market prices. The Company determines the potential market risk by means of the relative value-at-risk approachas defined in CSSF circular 11/512.
In the reporting period, the average leverage effect from the use of derivatives was 0.0, whereby the total of the nominal amounts of the derivatives in relation to the fund’s assets was used for the calculation (sum-of-notional approach).
The gross exposure generated via derivatives pursuant to point 40 a) of the “Guidelines on ETFs and other UCITS issues” of the European Securities and Markets Authority (ESMA) totaled USD 0.00 as of the reporting date.
 Exchange rates (indirect quotes)	
As of June 30, 2020
| Australian dollar ..................     | AUD | 1.456240 | = | USD | 1 |
| --- | --- | --- | --- | --- | --- |
| Canadian dollar ..................  | CAD | 1.367150 | = | USD | 1 |
| Swiss franc .....................  | CHF | 0.950050 | = | USD | 1 |
| Danish krone ....................  | DKK | 6.649750 | = | USD | 1 |
| Euro ..........................  | EUR | 0.892260 | = | USD | 1 |
| British pound ...................  | GBP | 0.813008 | = | USD | 1 |
| Hong Kong dollar ................  | HKD | 7.750350 | = | USD | 1 |
| Israeli shekel ....................  | ILS | 3.469250 | = | USD | 1 |
| Japanese yen ...................  | JPY | 107.705000 | = | USD | 1 |
| Norwegian krone .................  | NOK | 9.708250 | = | USD | 1 |
| Swedish krona...................  | SEK | 9.347550 | = | USD | 1 |
| Singapore dollar .................  | SGD | 1.396200 | = | USD | 1 |

 Notes on valuation	
Under the responsibility of the Board of Directors of the SICAV, the Management Company determines the net asset values per share and performs the valuation of the assets of the fund. The basic provision of price data and price validation are performed in accordance with the method introduced by the Board of Directors of the SICAV on the basis of the legal and regulatory requirements or the principles for valuation methods defined in the SICAV’s prospectus.
If no trading prices are available, prices are determined with the aid of valuation models (derived market values) which are agreed between State Street Bank International GmbH, Luxembourg branch, as external price service provider and the Management Company and which are based as far as possible on market parameters. This procedure is subject to an ongoing monitoring process. The plausibility of price information from third parties is checked through other pricing sources, model calculations or other suitable procedure.
Assets reported in this report are not valued at derived market values.
The management fee / all-in fee rates in effect as of the reporting date for the investment fund units held in the securities portfolio are shown in parentheses. A plus sign means that a performance-based fee may also be charged. As the investment fund held units of other investment funds (target funds) in the reporting period, further costs, charges and fees may have been incurred at the level of these individual target funds.

Translation (ENDE, 2020-06-30):
# DWS Invest CROCI Global Dividends
DWS INVEST CROCI GLOBAL DIVIDENDS

### Wertentwicklung der Anteilklassen vs. Vergleichsindex (in USD)
| Anteilklasse | ISIN | 6 Monate |
| --- | --- | --- |
| Klasse USD LC | LU1769944106 | -16,7% |
| Klasse USD IC | LU1769944015 | -16,4% |
| Klasse USD LDQ | LU1769944288 | -16,7% |
| Klasse IC 1) | LU1769943553 | -16,5% |
| Klasse ID 1) | LU1769943637 | -16,9% |
| Klasse LC 1) | LU1769943710 | -16,7% |
| Klasse LD 1) | LU1769943801 | -16,7% |
| Klasse TFC 1) | LU1769943983 | -16,5% |
| Klasse GBP IC 2) | LU1769943124 | -11,4% |
| Klasse GBP ID 2) | LU1769943397 | -10,7% |
| Klasse GBP LC 2) | LU1769943470 | -11,2% |
| Klasse GBP TFC 2) | LU1769943041 | -10,7% |
| MSCI World (NDR) |  | -5,6% |

1) 
in EUR
2) 
in GBP
Wertentwicklung nach BVI-Methode, d. h. ohne Berücksichtigung des Ausgabeaufschlages.
Wertentwicklungen der Vergangenheit ermöglichen keine Prognose für die Zukunft.	Stand: 30.6.2020
DWS Invest CROCI Global Dividends
| Vermögensübersicht zum 30.6.2020 |  |
| --- | --- |
|  | Bestand in USD | %-Anteil am Fondsvermögen |
| I. Vermögensgegenstände |  |  |
| 1. Aktien (Branchen) Informationstechnologie | 10 986 550,15 | 8,09 |
| Telekommunikationsdienste | 10 382 261,86 | 7,65 |
| Dauerhafte Konsumgüter | 52 486 362,38 | 38,69 |
| Energie | 4 944 652,16 | 3,65 |
| Hauptverbrauchsgüter | 13 928 635,96 | 10,26 |
| Grundstoffe | 11 242 706,79 | 8,28 |
| Industrien | 31 322 148,68 | 23,08 |
| Summe Aktien | 135 293 317,98 | 99,70 |
| 2. Investmentanteile Sonstige Fonds | 468 534,72 | 0,35 |
| Summe Investmentanteile | 468 534,72 | 0,35 |
| 3. Bankguthaben | 64 590,41 | 0,05 |
| 4. Sonstige Vermögensgegenstände | 812 183,62 | 0,60 |
| 5. Forderungen aus Anteilscheingeschäften | 1 216,97 | 0,00 |
| II. Verbindlichkeiten |  |  |
| 1. Verbindlichkeiten aus Kreditaufnahme | -46 491,67 | - 0,04 |
| 2. Sonstige Verbindlichkeiten | -295 138,91 | - 0,22 |
| 3. Verbindlichkeiten aus Anteilscheingeschäften | -597 443,75 | - 0,44 |
| III. Fondsvermögen | 135 700 769,37 | 100,00 |
| Durch Rundung der Prozentanteile bei der Berechnung können geringfügige Rundungsdifferenzen entstanden sein. |  |  |

| Vermögensaufstellung zum 30.6.2020 |  |
| --- | --- |
|  | Stück bzw. | Nominalbetrag | Käufe/ | Verkäufe/ | Währung | Kurs | Kurswert | %-Anteil am |
| Wertpapierbezeichnung | Anteile bzw. | bzw. | Zugänge | Abgänge |  |  | in | Fonds- |
| Währung	Bestand	im Berichtszeitraum	USD	vermögen |
| Börsengehandelte Wertpapiere |  |  |  |  |  |  | 135 293 317,98 | 99,70 |
| Aktien BHP Billiton Ltd ...................................  | Stück | 112 631 | 27 921 | 66 314 | AUD | 35,82 | 2 770 451,59 | 2,04 |
| TC Energy Corp. ..................................  | Stück | 58 828 | 63 098 | 4 270 | CAD | 57,32 | 2 466 460,13 | 1,82 |
| Holcim Ltd .......................................  | Stück | 67 502 | 20 071 | 26 046 | CHF | 41,26 | 2 931 564,15 | 2,16 |
| Roche Holding AG .................................  | Stück | 7 257 | 1 813 | 7 066 | CHF | 327,65 | 2 502 769,38 | 1,84 |
| Bayer AG ........................................  | Stück | 39 204 | 9 938 | 20 745 | EUR | 65,79 | 2 890 672,18 | 2,13 |
| CRH PLC ........................................  | Stück | 86 810 | 94 420 | 7 610 | EUR | 30,06 | 2 924 605,61 | 2,15 |
| Danone SA .......................................  | Stück | 38 289 | 41 926 | 3 637 | EUR | 61,82 | 2 652 843,32 | 1,95 |
| Koninklijke Ahold Delhaize NV ........................  | Stück | 105 735 | 113 951 | 8 216 | EUR | 24,35 | 2 885 534,77 | 2,13 |
| Sanofi ...........................................  | Stück | 27 260 | 6 731 | 21 193 | EUR | 90,36 | 2 760 645,55 | 2,03 |
| British American Tobacco PLC ........................  | Stück | 69 752 | 17 069 | 50 887 | GBP | 31,085 | 2 666 936,76 | 1,97 |
| GlaxoSmithKline PLC ...............................  | Stück | 127 937 | 198 972 | 71 035 | GBP | 16,304 | 2 565 638,78 | 1,89 |
| Imperial Brands PLC ................................  | Stück | 137 408 | 153 978 | 191 538 | GBP | 15,475 | 2 615 458,64 | 1,93 |
| Rio Tinto PLC .....................................  | Stück | 49 547 | 14 216 | 36 147 | GBP | 45,135 | 2 750 654,18 | 2,03 |
| Asahi Group Holdings Ltd ...........................  | Stück | 74 700 | 79 800 | 5 100 | JPY | 3 776 | 2 618 886,77 | 1,93 |
| Asahi Kasei Corp. ..................................  | Stück | 361 199 | 139 100 | 124 401 | JPY | 875,6 | 2 936 408,19 | 2,16 |
| Bridgestone Corp. .................................  | Stück | 83 772 | 27 000 | 39 055 | JPY | 3 469 | 2 698 157,63 | 1,99 |
| Hitachi Ltd .......................................  | Stück | 86 100 | 94 800 | 110 100 | JPY | 3 403 | 2 720 377,88 | 2,00 |
| KDDI Corp. .......................................  | Stück | 86 876 | 18 800 | 64 900 | JPY | 3 234 | 2 608 578,84 | 1,92 |
| Komatsu Ltd ......................................  | Stück | 132 848 | 43 100 | 72 052 | JPY | 2 203,5 | 2 717 892,09 | 2,00 |
| Kubota Corp. ......................................  | Stück | 193 600 | 207 100 | 13 500 | JPY | 1 608 | 2 890 383,92 | 2,13 |
| Sekisui House Ltd .................................  | Stück | 148 148 | 28 200 | 54 752 | JPY | 2 052,5 | 2 823 209,41 | 2,08 |
| Seven & I Holdings Co., Ltd ..........................  | Stück | 77 488 | 13 700 | 36 712 | JPY | 3 520 | 2 532 452,16 | 1,87 |
| Subaru Corp. ......................................  | Stück | 127 161 | 32 200 | 47 839 | JPY | 2 241,5 | 2 646 408,07 | 1,95 |
| Tokyo Electron Ltd .................................  | Stück | 12 941 | 14 167 | 19 718 | JPY | 26 440 | 3 176 825,96 | 2,34 |
| Singapore Telecommunications Ltd ...................  | Stück | 1 362 500 | 1 475 100 | 112 600 | SGD | 2,46 | 2 400 623,12 | 1,77 |
| AbbVie, Inc. ......................................  | Stück | 28 416 | 6 615 | 21 946 | USD | 96,07 | 2 729 925,12 | 2,01 |
| Altria Group, Inc. ..................................  | Stück | 70 120 | 20 609 | 29 419 | USD | 39,01 | 2 735 381,20 | 2,02 |
| Amgen, Inc. ......................................  | Stück | 11 441 | 3 044 | 8 572 | USD | 232,42 | 2 659 117,22 | 1,96 |
| AT&T, Inc. ........................................  | Stück | 89 470 | 96 438 | 6 968 | USD | 29,74 | 2 660 837,80 | 1,96 |
| Bristol-Myers Squibb Co. ............................  | Stück | 41 307 | 10 175 | 36 635 | USD | 57,68 | 2 382 587,76 | 1,76 |
| Caterpillar, Inc. ....................................  | Stück | 23 142 | 5 749 | 9 650 | USD | 124,36 | 2 877 939,12 | 2,12 |
| Cisco Systems, Inc. ................................  | Stück | 58 090 | 62 719 | 4 629 | USD | 46,69 | 2 712 222,10 | 2,00 |
| Cummins, Inc. ....................................  | Stück | 16 509 | 5 905 | 10 586 | USD | 171,01 | 2 823 204,09 | 2,08 |
| Eastman Chemical Co. ..............................  | Stück | 41 013 | 9 179 | 17 809 | USD | 67,91 | 2 785 192,83 | 2,05 |
| Eaton Corp., PLC ..................................  | Stück | 33 949 | 10 057 | 18 715 | USD | 86,17 | 2 925 385,33 | 2,16 |
| Garmin Ltd .......................................  | Stück | 31 706 | 34 128 | 2 422 | USD | 96,29 | 3 052 970,74 | 2,25 |
| Genuine Parts Co. .................................  | Stück | 34 044 | 36 335 | 2 291 | USD | 86,29 | 2 937 656,76 | 2,16 |
| Gilead Sciences, Inc. ...............................  | Stück | 36 214 | 10 218 | 32 797 | USD | 75,61 | 2 738 140,54 | 2,02 |
| HP, Inc. ..........................................  | Stück | 155 545 | 173 707 | 18 162 | USD | 17,05 | 2 652 042,25 | 1,95 |
| International Business Machines Corp. .................  | Stück | 21 538 | 5 030 | 12 225 | USD | 119,51 | 2 574 006,38 | 1,90 |
| JM Smucker Co./The ...............................  | Stück | 23 535 | 38 940 | 15 405 | USD | 105,39 | 2 480 353,65 | 1,83 |
| Johnson Controls International PLC ....................  | Stück | 89 735 | 118 184 | 28 449 | USD | 33,71 | 3 024 966,85 | 2,23 |
| Kinder Morgan, Inc. ................................  | Stück | 169 623 | 181 623 | 12 000 | USD | 14,61 | 2 478 192,03 | 1,83 |
| Lockheed Martin Corp. ..............................  | Stück | 7 039 | 7 521 | 482 | USD | 363,91 | 2 561 562,49 | 1,89 |
| Merck & Co., Inc. ..................................  | Stück | 33 408 | 10 041 | 21 511 | USD | 76,39 | 2 552 037,12 | 1,88 |
| NetApp, Inc. .....................................  | Stück | 58 204 | 62 558 | 4 354 | USD | 44,39 | 2 583 675,56 | 1,90 |
| Pfizer, Inc. ........................................  | Stück | 69 074 | 116 894 | 47 820 | USD | 32,29 | 2 230 399,46 | 1,64 |
| Philip Morris International, Inc. ........................  | Stück | 37 820 | 41 133 | 3 313 | USD | 69,9 | 2 643 618,00 | 1,95 |
| Raytheon Technologies Corp. ........................  | Stück | 44 722 | 48 587 | 3 865 | USD | 60,25 | 2 694 500,50 | 1,99 |
| Tyson Foods, Inc. ..................................  | Stück | 44 796 | 47 641 | 2 845 | USD | 59 | 2 642 964,00 | 1,95 |
| Investmentanteile |  |  |  |  |  |  | 468 534,72 | 0,35 |
| Gruppeneigene Investmentanteile Deutsche Global Liquidity Series Plc - Managed Dollar Fund - EUR - (0,150%) ..................................  | Anteile | 45 | 806 | 761 | USD | 10 380,74 | 468 534,72 | 0,35 |
| Summe Wertpapiervermögen |  |  |  |  |  |  | 135 761 852,70 | 100,05 |
| Bankguthaben |  |  |  |  |  |  | 64 590,41 | 0,05 |
| Guthaben in sonstigen EU/EWR-Währungen |  |  |  |  |  |  |  |  |
| Britisches Pfund ...................................  | GBP | 31 429 |  |  |  |  | 38 657,11 | 0,03 |
| Dänische Kronen ..................................  | DKK | 5 413 |  |  |  |  | 814,08 | 0,00 |
| Norwegische Kronen ...............................  | NOK | 3 935 |  |  |  |  | 405,31 | 0,00 |
| Schwedische Kronen ...............................  | SEK | 3 616 |  |  |  |  | 386,88 | 0,00 |

DWS Invest CROCI Global Dividends
| Wertpapierbezeichnung | Stück bzw. Anteile bzw. | Nominalbetrag bzw. | Käufe/ Zugänge | Verkäufe/ Abgänge | Währung | Kurs | Kurswert in | %-Anteil am Fonds- |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | Währung | Bestand | im Berichtszeitraum | USD | vermögen |
| Guthaben in Nicht-EU/EWR-Währungen |  |  |  |  |  |
| Australischer Dollar ................................  | AUD | 3 981 |  | 2 734,05 | 0,00 |
| Hongkong Dollar ...................................  | HKD | 51 |  | 6,52 | 0,00 |
| Israelischer Schekel ................................  | ILS | 1 018 |  | 293,54 | 0,00 |
| Japanischer Yen ...................................  | JPY | 5 729 |  | 53,19 | 0,00 |
| Kanadischer Dollar .................................  | CAD | 3 726 |  | 2 725,70 | 0,00 |
| Schweizer Franken .................................  | CHF | 2 602 |  | 2 738,60 | 0,00 |
| Singapur Dollar ....................................  | SGD | 22 026 |  | 15 775,43 | 0,02 |
| US-Dollar .........................................  | USD |  |  | 0,00 | 0,00 |
| Sonstige Vermögensgegenstände |  |  |  | 812 183,62 | 0,60 |
| Dividenden- / Ausschüttungsansprüche .................  |  |  |  | 582 632,35 | 0,43 |
| Sonstige Ansprüche ................................  |  |  |  | 229 551,27 | 0,17 |
| Forderungen aus Anteilscheingeschäften |  |  |  | 1 216,97 | 0,00 |
| Summe der Vermögensgegenstände |  |  |  | 136 639 843,70 | 100,70 |
| Kurzfristige Verbindlichkeiten |  |  |  | -46 491,67 | -0,04 |
| EUR-Kredite ......................................  | EUR | 5 336 |  | -5 980,81 | 0,00 |
| Kredite in Nicht-EU/EWR-Währungen |  |  |  |  |  |
| US-Dollar ........................................  | USD |  |  | -40 510,86 | -0,04 |
| Sonstige Verbindlichkeiten |  |  |  | -295 138,91 | -0,22 |
| Verbindlichkeiten aus Kostenpositionen ................  |  |  |  | -276 729,12 | -0,20 |
| Andere sonstige Verbindlichkeiten .....................  |  |  |  | -18 409,79 | -0,02 |
| Verbindlichkeiten aus Anteilscheingeschäften |  |  |  | -597 443,75 | -0,44 |
| Summe der Verbindlichkeiten |  |  |  | -939 074,33 | -0,70 |
| Fondsvermögen |  |  |  | 135 700 769,37 | 100,00 |

Durch Rundung der Prozentanteile bei der Berechnung können geringfügige Rundungsdifferenzen entstanden sein.
Eine Aufstellung über die während des Berichtszeitraums abgeschlossenen Geschäfte, soweit sie nicht mehr in der Vermögensaufstellung erscheinen, ist auf Anforderung kostenlos bei der Verwaltungsgesellschaft erhältlich.
| Anteilwert bzw. umlaufende Anteile | Stück bzw. Währung | Anteilwert in der jeweiligen Währung |
| --- | --- | --- |
| Anteilwert Klasse IC .........................................  | EUR | 169,68 |
| Klasse ID ........................................  | EUR | 115,13 |
| Klasse LC ........................................  | EUR | 166,32 |
| Klasse LD ........................................  | EUR | 135,26 |
| Klasse TFC .......................................  | EUR | 151,39 |
| Klasse GBP IC ....................................  | GBP | 197,65 |
| Klasse GBP ID ....................................  | GBP | 165,46 |
| Klasse GBP LC ....................................  | GBP | 188,64 |
| Klasse GBP TFC ...................................  | GBP | 164,39 |
| Klasse USD IC ....................................  | USD | 154,84 |
| Klasse USD LC ....................................  | USD | 146,44 |
| Klasse USD LDQ ..................................  | USD | 92,91 |
| Umlaufende Anteile Klasse IC .........................................  | Stück | 381 167,352 |
| Klasse ID ........................................  | Stück | 13 995,000 |
| Klasse LC ........................................  | Stück | 57 727,461 |
| Klasse LD ........................................  | Stück | 186 472,696 |
| Klasse TFC .......................................  | Stück | 62 612,566 |
| Klasse GBP IC ....................................  | Stück | 820,000 |
| Klasse GBP ID ....................................  | Stück | 2 334,423 |
| Klasse GBP LC ....................................  | Stück | 1 315,000 |
| Klasse GBP TFC ...................................  | Stück | 940,371 |
| Klasse USD IC ....................................  | Stück | 35 536,565 |
| Klasse USD LC ....................................  | Stück | 32 264,233 |
| Klasse USD LDQ ..................................  | Stück | 3 892,000 |

Zusammensetzung des Referenzportfolios (gem. CSSF-Rundschreiben 11/512) MSCI World Net TR Index
Potenzieller Risikobetrag für das Marktrisiko (gem. CSSF-Rundschreiben 11/512)
| kleinster potenzieller Risikobetrag ................. . | % | 67,685 |
| --- | --- | --- |
| größter potenzieller Risikobetrag .................. . | % | 104,027 |
| durchschnittlicher potenzieller Risikobetrag .......... . | % | 81,601 |

Die Risikokennzahlen wurden für den Zeitraum vom 1.1.2020 bis 30.6.2020 auf Basis der Methode der historischen Simulation mit den Parametern 99% Konfidenzniveau, 10 Tage Haltedauer unter Verwendung eines effektiven, historischen Beobachtungszeitraumes von einem Jahr berechnet. Als Bewertungsmaßstab wird das Risiko eines derivatefreien Vergleichsvermögens herangezogen. Unter dem Marktrisiko versteht man das Risiko, das sich aus der ungünstigsten Entwicklung von Marktpreisen für das Fondsvermögen ergibt. Bei der Ermittlung des Marktrisikopotenzials wendet die Gesellschaft den relativen Value at Risk-Ansatzim Sinne des CSSF-Rundschreibens 11/512 an.
Die durchschnittliche Hebelwirkung aus der Nutzung von Derivaten betrug im Berichtszeitraum 0,0, wobei zur Berechnung die Summe der Nominalbeträge der Derivate in Relation zum Fondsvermögen gesetzt wurde (Nominalwertmethode).
Das durch Derivate erzielte zugrundeliegende Exposure gem. Punkt 40 a) der „Leitlinien zu börsengehandelten Indexfonds und anderen OGAW-Themen“ der European Securities and Markets Authority (ESMA) belief sich zum Berichtsstichtag unter Zugrundelegung einer Bruttobetrachtung auf USD 0,00.
 Devisenkurse (in Mengennotiz)	
per 30.6.2020
| Australischer Dollar ..............  | AUD | 1,456240 | = | USD | 1 |
| --- | --- | --- | --- | --- | --- |
| Kanadischer Dollar ...............  | CAD | 1,367150 | = | USD | 1 |
| Schweizer Franken ...............  | CHF | 0,950050 | = | USD | 1 |
| Dänische Kronen ................  | DKK | 6,649750 | = | USD | 1 |
| Euro ..........................  | EUR | 0,892260 | = | USD | 1 |
| Britisches Pfund .................  | GBP | 0,813008 | = | USD | 1 |
| Hongkong Dollar .................  | HKD | 7,750350 | = | USD | 1 |
| Israelischer Schekel ..............  | ILS | 3,469250 | = | USD | 1 |
| Japanischer Yen .................  | JPY | 107,705000 | = | USD | 1 |
| Norwegische Kronen .............  | NOK | 9,708250 | = | USD | 1 |
| Schwedische Kronen .............  | SEK | 9,347550 | = | USD | 1 |
| Singapur Dollar ..................  | SGD | 1,396200 | = | USD | 1 |

 Erläuterungen zur Bewertung	
Die Anteilwerte werden in Verantwortung des Verwaltungsrats der SICAV durch die Verwaltungsgesellschaft ermittelt sowie die Bewertung der Vermögenswerte des Fondsvermögens durchgeführt. Die grundsätzliche Kursversorgung sowie die Preisvalidierung erfolgen nach den vom Verwaltungsrat der SICAV auf der Grundlage der in den gesetzlichen Bestimmungen/ Verordnungen bzw. im Prospekt der SICAV definierten Grundsätze für Bewertungsmethoden eingeführten Verfahren.
Sofern keine handelbaren Kurse vorliegen, werden Bewertungsmodelle zur Preisermittlung (abgeleitete Verkehrswerte) genutzt, die zwischen State Street Bank International GmbH, Luxembourg Branch, als externem Price Service Provider und der Verwaltungsgesellschaft abgestimmt sind und sich so weit als möglich auf Marktparameter stützen. Diese Vorgehensweise unterliegt einem permanenten Kontrollprozess. Preisauskünfte Dritter werden durch andere Preisquellen, modellhafte Rechnungen oder durch andere geeignete Verfahren auf Plausibilität geprüft.
Die in diesem Bericht ausgewiesenen Vermögenswerte werden nicht zu abgeleiteten Verkehrswerten bewertet.
In Klammern sind die aktuellen Verwaltungsvergütungs-/Kostenpauschalsätze zum Berichtsstichtag für die im Wertpapiervermögen enthaltenen Investmentanteile aufgeführt. Das Zeichen + bedeutet, dass darüber hinaus ggf. eine erfolgsabhängige Vergütung berechnet werden kann. Da der Investmentfonds im Berichtszeitraum andere Investmentanteile („Zielfonds“) hielt, können weitere Kosten, Gebühren und Vergütungen auf Ebene des Zielfonds angefallen sein.