# DWS Invest CROCI World
DWS INVEST CROCI WORLD

### Performance of share classes vs. benchmark (in EUR)
| Share class | ISIN | 6 months |
| --- | --- | --- |
| Class LC | LU1769941003 | -4.2% |
| Class IC | LU1769940708 | -3.8% |
| Class ID | LU1769940880 | – 2 |
| Class TFC | LU1902608444 | -3.8% |
| Class USD IC 1 | LU1769941185 | -11.6% |
| Class USD LC 1 | LU1769941268 | -11.9% |
| MSCI World |  | -14.0% |

1 
in USD
2 
Last share price calculation on May 22, 2020 (share class still active)
“BVI method” performance, i.e., excluding the initial sales charge.
Past performance is no guide to future results.	As of: June 30, 2022
The format used for complete dates
in security names in the investment
portfolio is “day/month/year”.
DWS Invest CROCI World
| Statement of net assets as of June 30, 2022 |  |
| --- | --- |
|  | Amount in EUR | % of net assets |
| I. Assets |  |  |
| 1. Equities (sectors) Information Technology | 8 337 725.51 | 13.98 |
| Telecommunication Services | 4 725 104.82 | 7.93 |
| Consumer Discretionaries | 14 286 613.83 | 23.97 |
| Energy | 8 432 761.22 | 14.15 |
| Consumer Staples | 8 730 881.20 | 14.65 |
| Basic Materials | 5 506 120.43 | 9.23 |
| Industrials | 8 367 583.28 | 14.03 |
| Utilities | 1 255 605.80 | 2.11 |
| Total equities | 59 642 396.09 | 100.05 |
| 2. Investment fund units Other funds | 9 703.96 | 0.02 |
| Total investment fund units | 9 703.96 | 0.02 |
| 3. Derivatives | -5 823.06 | -0.01 |
| 4. Cash at bank | 18 571.29 | 0.03 |
| 5. Other assets | 125 872.28 | 0.21 |
| 6. Receivables from share certificate transactions | 97 460.09 | 0.16 |
| II. Liabilities |  |  |
| 1. Short-term liabilities | -105 790.55 | -0.18 |
| 2. Other liabilities | -141 544.15 | -0.23 |
| 3. Liabilities from share certificate transactions | -27 987.23 | -0.05 |
| III. Net assets | 59 612 858.72 | 100.00 |

Negligible rounding errors may have arisen due to the rounding of calculated percentages.
| Investment portfolio – June 30, 2022 |  |
| --- | --- |
|  | 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 |  |  |  |  |  |  | 59 642 396.09 | 100.05 |
| Equities BHP Group Ltd  ...................................  | Count | 21 176 | 13 261 | 1 390 | AUD | 41.25 | 578 887.96 | 0.97 |
| James Hardie Industries PLC -CDI- ....................  | Count | 30 636 | 31 155 | 519 | AUD | 31.77 | 645 024.06 | 1.08 |
| Sonic Healthcare Ltd ...............................  | Count | 27 684 | 28 815 | 1 131 | AUD | 33.01 | 605 621.11 | 1.02 |
| TC Energy Corp. ..................................  | Count | 12 575 | 7 048 | 2 749 | CAD | 66.35 | 621 247.28 | 1.04 |
| Kuehne + Nagel International AG .....................  | Count | 2 723 | 2 814 | 91 | CHF | 225 | 615 468.66 | 1.03 |
| Novartis AG ......................................  | Count | 7 648 | 4 062 | 799 | CHF | 80.33 | 617 165.20 | 1.04 |
| AP Moller - Maersk A/S .............................  | Count | 268 | 173 | 19 | DKK | 16 640 | 599 503.05 | 1.01 |
| ArcelorMittal SA  ..................................  | Count | 24 051 | 14 029 | 1 698 | EUR | 21.085 | 507 115.34 | 0.85 |
| Cie de Saint-Gobain ................................  | Count | 12 974 | 13 294 | 320 | EUR | 40.11 | 520 387.14 | 0.87 |
| CRH PLC ........................................  | Count | 17 496 | 18 494 | 998 | EUR | 32.28 | 564 770.88 | 0.95 |
| Deutsche Post AG .................................  | Count | 16 873 | 17 987 | 1 114 | EUR | 35.225 | 594 351.43 | 1.00 |
| Nokia Oyj ........................................  | Count | 134 961 | 76 524 | 3 857 | EUR | 4.414 | 595 650.37 | 1.00 |
| STMicroelectronics NV  .............................  | Count | 18 795 | 19 505 | 710 | EUR | 29.465 | 553 794.68 | 0.93 |
| TotalEnergies SE ..................................  | Count | 12 042 | 12 193 | 151 | EUR | 50.47 | 607 759.74 | 1.02 |
| UCB SA .........................................  | Count | 7 576 | 4 990 | 855 | EUR | 80.68 | 611 231.68 | 1.03 |
| Anglo American PLC ...............................  | Count | 15 268 | 7 873 | 2 316 | GBP | 29.245 | 521 363.96 | 0.87 |
| Ferguson PLC ....................................  | Count | 5 706 | 5 945 | 239 | GBP | 90.74 | 604 557.72 | 1.01 |
| Persimmon PLC  ..................................  | Count | 26 369 | 16 324 | 349 | GBP | 18.405 | 566 678.47 | 0.95 |
| Rio Tinto PLC  ....................................  | Count | 9 857 | 5 068 | 1 074 | GBP | 48.82 | 561 888.00 | 0.94 |
| Shell PLC ........................................  | Count | 24 963 | 25 268 | 305 | GBP | 21.385 | 623 323.16 | 1.05 |
| Hong Kong & China Gas Co., Ltd .....................  | Count | 591 816 | 611 000 | 19 184 | HKD | 8.45 | 611 917.76 | 1.03 |
| ENEOS Holdings, Inc. ..............................  | Count | 156 389 | 163 600 | 7 211 | JPY | 514 | 567 503.40 | 0.95 |
| Kyocera Corp. ....................................  | Count | 11 735 | 13 286 | 1 551 | JPY | 7 256 | 601 496.45 | 1.01 |
| Nintendo Co., Ltd .................................  | Count | 1 483 | 833 | 169 | JPY | 58 680 | 614 729.36 | 1.03 |
| Sekisui House Ltd .................................  | Count | 36 580 | 19 681 | 1 306 | JPY | 2 377 | 614 093.10 | 1.03 |
| Shin-Etsu Chemical Co., Ltd .........................  | Count | 5 152 | 5 152 |  | JPY | 15 300 | 556 826.61 | 0.93 |
| TDK Corp. .......................................  | Count | 19 792 | 21 792 | 2 000 | JPY | 4 190 | 585 809.49 | 0.98 |
| Equinor ASA  .....................................  | Count | 17 830 | 24 253 | 6 423 | NOK | 344.1 | 594 015.38 | 1.00 |
| Telefonaktiebolaget LM Ericsson -B-  ..................  | Count | 83 870 | 52 911 | 4 602 | SEK | 76.04 | 595 443.50 | 1.00 |
| AbbVie, Inc. ......................................  | Count | 4 495 | 2 424 | 856 | USD | 152.29 | 657 235.74 | 1.10 |
| Amdocs Ltd ......................................  | Count | 7 984 | 8 324 | 340 | USD | 82.79 | 634 626.93 | 1.06 |
| Amgen, Inc. ......................................  | Count | 2 648 | 1 460 | 515 | USD | 241.94 | 615 100.03 | 1.03 |
| Applied Materials, Inc. ..............................  | Count | 6 919 | 4 660 | 335 | USD | 89.46 | 594 281.64 | 1.00 |
| Best Buy Co, Inc.  .................................  | Count | 8 816 | 5 528 | 503 | USD | 65.23 | 552 127.08 | 0.93 |
| Biogen, Inc. ......................................  | Count | 3 083 | 2 017 | 530 | USD | 202.38 | 599 047.42 | 1.01 |
| Bristol-Myers Squibb Co.  ...........................  | Count | 8 425 | 4 993 | 2 728 | USD | 76.9 | 622 037.17 | 1.04 |
| Cardinal Health, Inc. ...............................  | Count | 12 264 | 6 019 | 1 390 | USD | 52.66 | 620 059.10 | 1.04 |
| CH Robinson Worldwide, Inc. ........................  | Count | 6 281 | 3 313 | 772 | USD | 101.21 | 610 340.67 | 1.02 |
| Cisco Systems, Inc. ................................  | Count | 14 328 | 8 733 | 677 | USD | 42.27 | 581 484.19 | 0.98 |
| Cognizant Technology Solutions Corp. .................  | Count | 9 348 | 5 432 | 553 | USD | 67.19 | 603 036.27 | 1.01 |
| Comcast Corp.  ...................................  | Count | 16 056 | 8 630 | 352 | USD | 38.665 | 596 040.08 | 1.00 |
| Conagra Brands, Inc. ...............................  | Count | 19 825 | 12 169 | 3 304 | USD | 34.24 | 651 728.99 | 1.09 |
| ConocoPhillips ....................................  | Count | 6 683 | 4 214 | 3 059 | USD | 90.47 | 580 491.87 | 0.97 |
| Constellation Brands, Inc. ...........................  | Count | 2 731 | 1 709 | 543 | USD | 232.57 | 609 811.32 | 1.02 |
| Coterra Energy, Inc. ...............................  | Count | 23 435 | 16 880 | 12 726 | USD | 26.71 | 600 978.50 | 1.01 |
| Cummins, Inc. ....................................  | Count | 3 246 | 1 842 | 393 | USD | 189.59 | 590 859.24 | 0.99 |
| Darden Restaurants, Inc. ............................  | Count | 5 444 | 5 649 | 205 | USD | 112.11 | 585 979.68 | 0.98 |
| Devon Energy Corp. ...............................  | Count | 10 717 | 7 419 | 6 372 | USD | 55.79 | 574 049.95 | 0.96 |
| DR Horton, Inc. ...................................  | Count | 10 265 | 6 741 | 157 | USD | 65.26 | 643 170.49 | 1.08 |
| DuPont de Nemours, Inc. ...........................  | Count | 11 051 | 6 515 | 419 | USD | 54.89 | 582 391.33 | 0.98 |
| eBay, Inc. .......................................  | Count | 14 730 | 9 175 | 367 | USD | 41.19 | 582 525.08 | 0.98 |
| EOG Resources, Inc. ...............................  | Count | 5 566 | 3 442 | 2 390 | USD | 113.38 | 605 898.31 | 1.02 |
| Expeditors International of Washington, Inc. ............  | Count | 6 601 | 4 034 | 349 | USD | 96.93 | 614 310.64 | 1.03 |
| Fox Corp. ........................................  | Count | 19 393 | 10 340 | 1 203 | USD | 32.1 | 597 681.92 | 1.00 |
| Freeport-McMoRan, Inc. ............................  | Count | 18 391 | 19 683 | 1 292 | USD | 29.51 | 521 068.29 | 0.87 |
| Garmin Ltd  ......................................  | Count | 6 652 | 4 028 | 243 | USD | 97.42 | 622 186.31 | 1.04 |
| Gilead Sciences, Inc. ...............................  | Count | 10 620 | 7 097 | 1 729 | USD | 61.63 | 628 400.86 | 1.05 |
| Hasbro, Inc. ......................................  | Count | 7 763 | 8 113 | 350 | USD | 81.84 | 609 979.58 | 1.02 |
| HCA Healthcare, Inc. ...............................  | Count | 3 592 | 5 518 | 1 926 | USD | 166.99 | 575 899.74 | 0.97 |
| Hewlett Packard Enterprise Co.  ......................  | Count | 46 358 | 23 986 | 2 750 | USD | 13.12 | 583 953.97 | 0.98 |
| Hologic, Inc. .....................................  | Count | 9 160 | 9 587 | 427 | USD | 69.62 | 612 279.31 | 1.03 |
| HP, Inc. .........................................  | Count | 18 530 | 10 846 | 2 683 | USD | 32.98 | 586 740.63 | 0.98 |
| Intel Corp. .......................................  | Count | 16 816 | 9 979 | 654 | USD | 36.84 | 594 788.29 | 1.00 |
| J M Smucker Co.  .................................  | Count | 5 087 | 2 889 | 581 | USD | 130.65 | 638 103.67 | 1.07 |
| Kinder Morgan, Inc. ................................  | Count | 38 778 | 21 622 | 7 125 | USD | 16.84 | 626 971.19 | 1.05 |
| KLA Corp.  .......................................  | Count | 1 994 | 1 165 | 139 | USD | 314.59 | 602 268.51 | 1.01 |
| Kroger Co. .......................................  | Count | 13 458 | 7 225 | 2 229 | USD | 47.55 | 614 399.90 | 1.03 |
| L Brands, Inc. ....................................  | Count | 18 546 | 13 886 | 767 | USD | 26.08 | 464 384.73 | 0.78 |
| Laboratory Corp. of America Holdings .................  | Count | 2 749 | 1 818 | 299 | USD | 236.06 | 623 041.87 | 1.05 |
| Lam Research Corp. ...............................  | Count | 1 483 | 1 002 | 85 | USD | 416.55 | 593 100.62 | 1.00 |
| Lowe‘s Cos, Inc. ..................................  | Count | 3 604 | 3 659 | 55 | USD | 172.32 | 596 266.70 | 1.00 |
| LyondellBasell Industries NV .........................  | Count | 6 928 | 3 651 | 1 045 | USD | 86.56 | 575 764.94 | 0.97 |
| Marathon Petroleum Corp. ..........................  | Count | 7 120 | 10 009 | 2 889 | USD | 83.48 | 570 666.69 | 0.96 |
| Masco Corp.  .....................................  | Count | 13 057 | 7 548 | 195 | USD | 49.61 | 621 917.42 | 1.04 |
| Merck & Co, Inc. ..................................  | Count | 7 346 | 4 408 | 2 072 | USD | 92.29 | 650 917.07 | 1.09 |
| Meta Platforms, Inc. ...............................  | Count | 3 797 | 2 828 | 166 | USD | 160.04 | 583 430.63 | 0.98 |
| Micron Technology, Inc. ............................  | Count | 11 153 | 11 696 | 543 | USD | 54.51 | 583 697.69 | 0.98 |
| Mosaic Co.  ......................................  | Count | 12 288 | 15 941 | 3 653 | USD | 47.44 | 559 687.97 | 0.94 |
| Nucor Corp. ......................................  | Count | 5 473 | 3 394 | 1 134 | USD | 102.98 | 541 126.03 | 0.91 |


### 115
| DWS Invest CROCI World |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | 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 |
| Occidental Petroleum Corp.  .........................  | Count | 11 167 | 18 363 | 7 196 | USD | 58.91 | 631 605.10 | 1.06 |
| ONEOK, Inc. .....................................  | Count | 11 648 | 6 037 | 943 | USD | 55.79 | 623 918.43 | 1.05 |
| Pfizer, Inc. .......................................  | Count | 13 363 | 7 198 | 209 | USD | 51.5 | 660 741.05 | 1.11 |
| Pioneer Natural Resources Co. .......................  | Count | 2 804 | 1 744 | 1 122 | USD | 224.48 | 604 332.22 | 1.01 |
| Qorvo, Inc. .......................................  | Count | 6 538 | 4 153 | 181 | USD | 93.36 | 586 038.09 | 0.98 |
| QUALCOMM, Inc. .................................  | Count | 5 139 | 3 121 | 125 | USD | 126.16 | 622 472.81 | 1.04 |
| Quest Diagnostics, Inc. .............................  | Count | 4 759 | 3 029 | 484 | USD | 135.46 | 618 937.60 | 1.04 |
| Regeneron Pharmaceuticals, Inc. .....................  | Count | 1 071 | 648 | 189 | USD | 587.87 | 604 492.42 | 1.01 |
| Ross Stores, Inc. ..................................  | Count | 8 317 | 8 685 | 368 | USD | 69.85 | 557 767.49 | 0.94 |
| Sempra Energy ...................................  | Count | 4 455 | 2 260 | 810 | USD | 150.49 | 643 688.04 | 1.08 |
| Skyworks Solutions, Inc. ............................  | Count | 6 895 | 4 552 | 155 | USD | 91.38 | 604 930.54 | 1.01 |
| Stanley Black & Decker, Inc. .........................  | Count | 6 022 | 6 160 | 138 | USD | 103.95 | 601 015.03 | 1.01 |
| Target Corp. .....................................  | Count | 4 463 | 2 873 | 107 | USD | 137.71 | 590 082.12 | 0.99 |
| Teradyne, Inc. ....................................  | Count | 6 982 | 7 278 | 296 | USD | 88.61 | 593 994.84 | 1.00 |
| Tyson Foods, Inc. .................................  | Count | 7 484 | 3 895 | 850 | USD | 85.79 | 616 439.61 | 1.03 |
| Vertex Pharmaceuticals, Inc. .........................  | Count | 2 364 | 1 363 | 766 | USD | 278.78 | 632 745.66 | 1.06 |
| ViacomCBS, Inc. ..................................  | Count | 25 317 | 14 798 | 2 323 | USD | 24.39 | 592 849.05 | 0.99 |
| Viatris, Inc. .......................................  | Count | 59 464 | 43 155 | 12 777 | USD | 10.53 | 601 177.31 | 1.01 |
| Warner Bros Discovery, Inc. .........................  | Count | 43 732 | 44 107 | 375 | USD | 12.85 | 539 538.64 | 0.91 |
| Westrock Co.  ....................................  | Count | 15 133 | 7 159 | 652 | USD | 39.3 | 571 002.05 | 0.96 |
| Whirlpool Corp. ...................................  | Count | 4 110 | 2 579 | 114 | USD | 152.22 | 600 666.80 | 1.01 |
| Investment fund units |  |  |  |  |  |  | 9 703.96 | 0.02 |
| In-group fund units DWS Deutsche Global Liquidity Series Plc - Deutsche Managed Euro Fund -Z- EUR - (0.100%).................  | Units | 1 | 184 | 195 | EUR | 9 703.959 | 9 703.96 | 0.02 |
| Total securities portfolio |  |  |  |  |  |  | 59 652 100.05 | 100.07 |
| Derivatives (Minus signs denote short positions) |  |  |  |  |  |  |  |  |
| Equity index derivatives Receivables/payables |  |  |  |  |  |  | -5 823.06 | -0.01 |
| Equity index futures MSCI World Index 09/2022 (DB).......................  | Count | 1 | 1 |  |  |  | -5 823.06 | -0.01 |
| Cash at bank |  |  |  |  |  |  | 18 571.29 | 0.03 |
| Demand deposits at Depositary |  |  |  |  |  |  |  |  |
| Deposits in other EU/EEA currencies |  |  |  |  |  |  |  |  |
| Danish krone ......................................  | DKK | 19 679 |  |  |  |  | 2 645.50 | 0.00 |
| Norwegian krone ...................................  | NOK | 27 594 |  |  |  |  | 2 671.65 | 0.01 |
| Swedish krona.....................................  | SEK | 1 001 |  |  |  |  | 93.43 | 0.00 |
| Deposits in non-EU/EEA currencies |  |  |  |  |  |  |  |  |
| Australian dollar ....................................         | AUD | 160 |  |  |  |  | 106.35 | 0.00 |
| British pound .....................................  | GBP | 80 |  |  |  |  | 93.74 | 0.00 |
| Hong Kong dollar ..................................  | HKD | 22 361 |  |  |  |  | 2 736.21 | 0.01 |
| Japanese yen .....................................  | JPY | 99 998 |  |  |  |  | 706.39 | 0.00 |
| Canadian dollar ....................................  | CAD | 3 574 |  |  |  |  | 2 661.25 | 0.00 |
| Swiss franc .......................................  | CHF | 101 |  |  |  |  | 100.99 | 0.00 |
| Singapore dollar ...................................  | SGD | 131 |  |  |  |  | 90.06 | 0.00 |
| U.S. dollar ........................................  | USD | 6 943 |  |  |  |  | 6 665.72 | 0.01 |
| Other assets |  |  |  |  |  |  | 125 872.28 | 0.21 |
| Dividends/Distributions receivable .....................  |  |  |  |  |  |  | 92 935.78 | 0.16 |
| Receivables from exceeding the expense cap ............  |  |  |  |  |  |  | 32 252.92 | 0.05 |
| Other receivables ..................................  |  |  |  |  |  |  | 683.58 | 0.00 |
| Receivables from share certificate transactions |  |  |  |  |  |  | 97 460.09 | 0.16 |
| Total assets * |  |  |  |  |  |  | 59 894 003.71 | 100.47 |
| Short-term liabilities |  |  |  |  |  |  | -105 790.55 | -0.18 |
| EUR loans ........................................  | EUR |  |  |  |  |  | -105 790.55 | -0.18 |
| Other liabilities |  |  |  |  |  |  | -141 544.15 | -0.23 |
| Liabilities from cost items ...........................  |  |  |  |  |  |  | -130 452.53 | -0.21 |
| Additional other liabilities.............................  |  |  |  |  |  |  | -11 091.62 | -0.02 |
| Liabilities from share certificate transactions |  |  |  |  |  |  | -27 987.23 | -0.05 |
| Total liabilities |  |  |  |  |  |  | -281 144.99 | -0.47 |
| Net assets |  |  |  |  |  |  | 59 612 858.72 | 100.00 |


### 116
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 | 33 466.64 |
| Class LC .........................................  | EUR | 274.62 |
| Class TFC.........................................  | EUR | 153.86 |
| Class USD IC ......................................  | USD | 22 534.78 |
| Class USD LC .....................................  | USD | 207.07 |
| Number of shares outstanding Klasse IC .........................................  | Count | 404.873 |
| Class LC .........................................  | Count | 116 667.002 |
| Class TFC.........................................  | Count | 46 580.393 |
| Class USD IC ......................................  | Count | 177.380 |
| Class USD LC .....................................  | Count | 15 185.238 |

Composition of the reference portfolio (according to CSSF circular 11/512) MSCI World Index in EUR
Market risk exposure (value-at-risk) (according to CSSF circular 11/512)
| Lowest market risk exposure .........................  | % | 81.280 |
| --- | --- | --- |
| Highest market risk exposure .........................  | % | 104.189 |
| Average market risk exposuree........................  | % | 93.181 |

The values-at-risk were calculated for the period from January 1, 2022, through June 30, 2022, 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 EUR 74 180.96 as of the reporting date.
 Market abbreviations	 Futures exchanges
DB = Deutsche Bank AG Frankfurt
 Exchange rates (indirect quotes)	
As of June 30, 2022
| Australian dollar ................. . | AUD | 1.508945 | = | EUR | 1 |
| --- | --- | --- | --- | --- | --- |
| Canadian dollar ................. . | CAD | 1.343026 | = | EUR | 1 |
| Swiss franc .................... . | CHF | 0.995461 | = | EUR | 1 |
| Danish krone ................... . | DKK | 7.438694 | = | EUR | 1 |
| British pound .................. . | GBP | 0.856432 | = | EUR | 1 |
| Hong Kong dollar ............... . | HKD | 8.172414 | = | EUR | 1 |
| Japanese yen .................. . | JPY | 141.562199 | = | EUR | 1 |
| Norwegian krone ................ . | NOK | 10.328526 | = | EUR | 1 |
| Swedish krona.................. . | SEK | 10.710462 | = | EUR | 1 |
| Singapore dollar ................ . | SGD | 1.450722 | = | EUR | 1 |
| U.S. dollar ..................... . | USD | 1.041549 | = | EUR | 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 valued to a minor extent 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.
 Footnote	
* Does not include positions with a negative balance, if such exist.
DWS Invest CROCI World SDG
DWS INVEST CROCI WORLD SDG

### Performance of share classes (in EUR)
| Share class | ISIN | 6 months |
| --- | --- | --- |
| Class LD | LU1769941425 | -12.4% |
| Class ID | LU1769941342 | -12.0% |
| Class TFC | LU1769941698 | -12.0% |
| Class USD IC 1 | LU1769941771 | -19.1% |

1 
in USD
“BVI method” performance, i.e., excluding the initial sales charge.
Past performance is no guide to future results.	As of: June 30, 2022
The format used for complete dates
in security names in the investment
portfolio is “day/month/year”.
DWS Invest CROCI World SDG
| Statement of net assets as of June 30, 2022 |  |
| --- | --- |
|  | Amount in EUR | % of net assets |
| I. Assets |  |  |
| 1. Equities (sectors) Information Technology | 1 258 818.34 | 25.78 |
| Telecommunication Services | 146 397.44 | 3.00 |
| Consumer Discretionaries | 2 212 082.25 | 45.35 |
| Consumer Staples | 435 646.58 | 8.92 |
| Financials | 418 398.64 | 8.58 |
| Basic Materials | 108 896.02 | 2.23 |
| Industrials | 292 834.56 | 6.00 |
| Total equities | 4 873 073.83 | 99.86 |
| 2. Cash at bank | 5 710.51 | 0.12 |
| 3. Other assets | 65 583.63 | 1.34 |
| II. Liabilities |  |  |
| 1. Loan liabilities | -43 553.69 | -0.89 |
| 2. Other liabilities | -21 088.03 | -0.43 |
| III. Net assets | 4 879 726.25 | 100.00 |

Negligible rounding errors may have arisen due to the rounding of calculated percentages.
Investment portfolio – June 30, 2022
| Security name | Count/ units/ currency | Quantity/ principal amount | Purchases/ additions in the | Sales/ disposals reporting period | Currency | Market price | Total market value in EUR | % of net assets |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Securities traded on an exchange |  |  |  |  |  |  | 4 873 073.83 | 99.86 |
| Equities BlueScope Steel Ltd ...............................  | Count | 5 331 | 296 | 721 | AUD | 15.9 | 56 173.62 | 1.15 |
| CSL Ltd .........................................  | Count | 309 | 56 | 44 | AUD | 269.06 | 55 097.80 | 1.13 |
| Sonic Healthcare Ltd ...............................  | Count | 2 154 | 299 | 397 | AUD | 33.01 | 47 121.37 | 0.97 |
| Logitech International SA ...........................  | Count | 833 | 202 | 98 | CHF | 49.36 | 41 304.36 | 0.85 |
| Novartis AG ......................................  | Count | 880 | 61 | 135 | CHF | 80.33 | 71 012.73 | 1.46 |
| Pandora A/S ......................................  | Count | 601 | 225 | 112 | DKK | 441.9 | 35 702.76 | 0.73 |
| Banco Santander SA ...............................  | Count | 24 476 | 1 049 | 4 228 | EUR | 2.645 | 64 726.78 | 1.33 |
| Capgemini SE ....................................  | Count | 442 | 22 | 150 | EUR | 163.95 | 72 465.90 | 1.48 |
| Cie de Saint-Gobain ................................  | Count | 1 024 | 294 | 290 | EUR | 40.11 | 41 072.64 | 0.84 |
| EssilorLuxottica SA ................................  | Count | 324 | 349 | 559 | EUR | 141.35 | 45 797.40 | 0.94 |
| Infineon Technologies AG ...........................  | Count | 1 913 | 454 | 280 | EUR | 22.76 | 43 539.88 | 0.89 |
| Intesa Sanpaolo SpA ...............................  | Count | 47 119 | 9 697 | 7 800 | EUR | 1.764 | 83 127.34 | 1.70 |
| SAP SE  .........................................  | Count | 574 | 34 | 103 | EUR | 85.45 | 49 048.30 | 1.00 |
| Siemens AG  .....................................  | Count | 444 | 115 | 255 | EUR | 96.45 | 42 823.80 | 0.88 |
| STMicroelectronics NV  .............................  | Count | 1 659 | 207 | 269 | EUR | 29.465 | 48 882.44 | 1.00 |
| Television Francaise 1 ..............................  | Count | 6 491 | 678 | 860 | EUR | 6.665 | 43 262.52 | 0.89 |
| UniCredit SpA ....................................  | Count | 5 770 | 6 357 | 587 | EUR | 8.939 | 51 578.03 | 1.06 |
| Johnson Matthey PLC ..............................  | Count | 2 369 | 941 | 381 | GBP | 19.06 | 52 722.40 | 1.08 |
| Pearson PLC .....................................  | Count | 6 634 | 8 065 | 1 431 | GBP | 7.436 | 57 599.94 | 1.18 |
| Persimmon PLC  ..................................  | Count | 2 023 | 150 | 372 | GBP | 18.405 | 43 474.94 | 0.89 |
| Taylor Wimpey PLC ................................  | Count | 33 804 | 8 137 | 4 802 | GBP | 1.144 | 45 154.54 | 0.93 |
| Astellas Pharma, Inc. ...............................  | Count | 4 838 | 159 | 1 551 | JPY | 2 115 | 72 281.80 | 1.48 |
| Chugai Pharmaceutical Co., Ltd ......................  | Count | 2 271 | 2 503 | 232 | JPY | 3 470 | 55 667.19 | 1.14 |
| Fujitsu Ltd .......................................  | Count | 533 | 30 | 87 | JPY | 16 965 | 63 875.42 | 1.31 |
| Ono Pharmaceutical Co., Ltd  ........................  | Count | 4 599 | 177 | 2 280 | JPY | 3 482 | 113 121.43 | 2.32 |
| Sekisui House Ltd .................................  | Count | 7 121 | 465 | 1 603 | JPY | 2 377 | 119 545.02 | 2.45 |
| Takeda Pharmaceutical Co., Ltd ......................  | Count | 2 133 | 87 | 305 | JPY | 3 818 | 57 528.03 | 1.18 |
| Fisher & Paykel Healthcare Corp., Ltd  .................  | Count | 3 924 | 4 067 | 143 | NZD | 19.98 | 46 974.69 | 0.96 |
| AbbVie, Inc. ......................................  | Count | 943 | 54 | 203 | USD | 152.29 | 137 880.60 | 2.83 |
| Acuity Brands, Inc. ................................  | Count | 328 | 29 | 43 | USD | 157.03 | 49 451.17 | 1.01 |
| Align Technology, Inc. ..............................  | Count | 163 | 167 | 4 | USD | 233.84 | 36 595.40 | 0.75 |
| Applied Materials, Inc. ..............................  | Count | 1 294 | 1 330 | 36 | USD | 89.46 | 111 143.29 | 2.28 |
| Aptiv PLC  .......................................  | Count | 596 | 642 | 46 | USD | 87.31 | 49 960.91 | 1.02 |
| Best Buy Co, Inc.  .................................  | Count | 633 | 133 | 106 | USD | 65.23 | 39 643.43 | 0.81 |
| Bristol-Myers Squibb Co.  ...........................  | Count | 3 739 | 120 | 1 732 | USD | 76.9 | 276 058.99 | 5.66 |
| Cisco Systems, Inc. ................................  | Count | 1 122 | 128 | 459 | USD | 42.27 | 45 534.98 | 0.93 |
| DaVita, Inc. ......................................  | Count | 533 | 41 | 91 | USD | 79.49 | 40 678.02 | 0.83 |
| Dentsply Sirona, Inc. ...............................  | Count | 1 407 | 1 542 | 135 | USD | 35.5 | 47 955.95 | 0.98 |
| Eli Lilly & Co. .....................................  | Count | 204 | 18 | 86 | USD | 323.1 | 63 283.02 | 1.30 |
| Flex Ltd .........................................  | Count | 4 564 | 377 | 1 660 | USD | 14.35 | 62 880.74 | 1.29 |
| Gilead Sciences, Inc. ...............................  | Count | 1 903 | 133 | 323 | USD | 61.63 | 112 603.28 | 2.31 |
| HCA Healthcare, Inc. ...............................  | Count | 411 | 41 | 67 | USD | 166.99 | 65 894.99 | 1.35 |
| Hewlett Packard Enterprise Co.  ......................  | Count | 6 484 | 388 | 1 394 | USD | 13.12 | 81 676.46 | 1.67 |
| HP, Inc. .........................................  | Count | 3 364 | 278 | 1 009 | USD | 32.98 | 106 518.91 | 2.18 |
| Intel Corp. .......................................  | Count | 2 601 | 244 | 432 | USD | 36.84 | 91 998.36 | 1.89 |
| International Business Machines Corp.  ................  | Count | 713 | 59 | 156 | USD | 139.76 | 95 673.69 | 1.96 |
| Johnson & Johnson  ...............................  | Count | 744 | 66 | 100 | USD | 176.37 | 125 984.68 | 2.58 |
| Kimberly-Clark Corp. ...............................  | Count | 666 | 25 | 222 | USD | 133.97 | 85 664.70 | 1.76 |
| Laboratory Corp. of America Holdings .................  | Count | 326 | 6 | 90 | USD | 236.06 | 73 885.65 | 1.51 |
| Lowe‘s Cos, Inc. ..................................  | Count | 354 | 30 | 66 | USD | 172.32 | 58 567.82 | 1.20 |
| ManpowerGroup, Inc. ..............................  | Count | 633 | 651 | 18 | USD | 74.29 | 45 149.63 | 0.93 |
| Merck & Co, Inc. ..................................  | Count | 1 297 | 51 | 204 | USD | 92.29 | 114 925.05 | 2.36 |
| Micron Technology, Inc. ............................  | Count | 1 355 | 187 | 599 | USD | 54.51 | 70 914.59 | 1.45 |
| Microsoft Corp. ...................................  | Count | 997 | 1 025 | 28 | USD | 255.12 | 244 207.92 | 5.00 |
| Norfolk Southern Corp. .............................  | Count | 219 | 247 | 28 | USD | 224.55 | 47 214.70 | 0.97 |
| Oracle Corp.  .....................................  | Count | 1 198 | 67 | 409 | USD | 68.66 | 78 973.38 | 1.62 |
| Pfizer, Inc. .......................................  | Count | 2 220 | 144 | 1 074 | USD | 51.5 | 109 769.15 | 2.25 |
| Procter & Gamble Co. ..............................  | Count | 414 | 12 | 81 | USD | 142.04 | 56 458.73 | 1.16 |
| PVH Corp. .......................................  | Count | 810 | 875 | 65 | USD | 56.06 | 43 597.16 | 0.89 |
| Regeneron Pharmaceuticals, Inc. .....................  | Count | 182 | 8 | 109 | USD | 587.87 | 102 724.20 | 2.10 |
| Regions Financial Corp. .............................  | Count | 4 515 | 728 | 556 | USD | 18.365 | 79 610.22 | 1.63 |
| Synchrony Financial ................................  | Count | 5 307 | 5 857 | 550 | USD | 27.35 | 139 356.27 | 2.86 |
| Tenet Healthcare Corp. .............................  | Count | 784 | 32 | 269 | USD | 52.54 | 39 548.15 | 0.81 |
| Vertex Pharmaceuticals, Inc. .........................  | Count | 210 | 13 | 199 | USD | 278.78 | 56 208.37 | 1.15 |
| Viatris, Inc. .......................................  | Count | 5 560 | 5 711 | 151 | USD | 10.53 | 56 211.25 | 1.15 |
| VMware, Inc. .....................................  | Count | 537 | 187 | 63 | USD | 113.65 | 58 595.44 | 1.20 |
| Westrock Co.  ....................................  | Count | 1 309 | 35 | 840 | USD | 39.3 | 49 391.51 | 1.01 |
| Total securities portfolio |  |  |  |  |  |  | 4 873 073.83 | 99.86 |

DWS Invest CROCI World SDG
| 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 |  |
| Cash at bank |  |  |  | 5 710.51 | 0.12 |
| Demand deposits at Depositary |  |  |  |  |  |
| Deposits in other EU/EEA currencies |  |  |  |  |  |
| Danish krone ......................................  | DKK | 5 059 |  | 680.11 | 0.01 |
| Norwegian krone ...................................  | NOK | 3 189 |  | 308.76 | 0.01 |
| Swedish krona.....................................  | SEK | 6 246 |  | 583.17 | 0.01 |
| Deposits in non-EU/EEA currencies |  |  |  |  |  |
| Australian dollar ....................................         | AUD | 705 |  | 466.86 | 0.01 |
| British pound .....................................  | GBP | 327 |  | 382.06 | 0.01 |
| Hong Kong dollar ..................................  | HKD | 4 318 |  | 528.38 | 0.01 |
| Japanese yen .....................................  | JPY | 3 624 |  | 25.60 | 0.00 |
| Canadian dollar ....................................  | CAD | 751 |  | 558.90 | 0.01 |
| New Zealand dollar .................................  | NZD | 41 |  | 24.54 | 0.00 |
| Swiss franc .......................................  | CHF | 317 |  | 318.82 | 0.01 |
| Singapore dollar ...................................  | SGD | 800 |  | 551.45 | 0.01 |
| U.S. dollar ........................................  | USD | 1 335 |  | 1 281.86 | 0.03 |
| Other assets |  |  |  | 65 583.63 | 1.34 |
| Dividends/Distributions receivable .....................  |  |  |  | 17 055.88 | 0.35 |
| Receivables from exceeding the expense cap ............  |  |  |  | 46 844.47 | 0.96 |
| Other receivables ..................................  |  |  |  | 1 683.28 | 0.03 |
| Total assets |  |  |  | 4 944 367.97 | 101.32 |
| Short-term liabilities |  |  |  | -43 553.69 | -0.89 |
| EUR loans ........................................  | EUR |  |  | -43 553.69 | -0.89 |
| Other liabilities |  |  |  | -21 088.03 | -0.43 |
| Liabilities from cost items ............................  |  |  |  | -20 564.59 | -0.42 |
| Additional other liabilities.............................  |  |  |  | -523.44 | -0.01 |
| Total liabilities |  |  |  | -64 641.72 | -1.32 |
| Net assets |  |  |  | 4 879 726.25 | 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 ID ..........................................  | EUR | 14 281.22 |
| Class LD .........................................  | EUR | 143.96 |
| Class TFC.........................................  | EUR | 138.10 |
| Class USD IC ......................................  | USD | 13 647.85 |
| Number of shares outstanding Class ID ..........................................  | Count | 12.000 |
| Class LD .........................................  | Count | 25 212.211 |
| Class TFC.........................................  | Count | 7 760.000 |
| Class USD IC ......................................  | Count | 0.540 |

Composition of the reference portfolio (according to CSSF circular 11/512) MSCI World Index in EUR
Market risk exposure (value-at-risk) (according to CSSF circular 11/512)
| Lowest market risk exposure .........................  | % | 70.828 |
| --- | --- | --- |
| Highest market risk exposure .........................  | % | 89.252 |
| Average market risk exposure.........................  | % | 79.640 |

The values-at-risk were calculated for the period from January 1, 2022, through June 30, 2022, 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 EUR 0.00 as of the reporting date.
 Exchange rates (indirect quotes)	
As of June 30, 2022
| Australian dollar ................. . | AUD | 1.508945 | = | EUR | 1 |
| --- | --- | --- | --- | --- | --- |
| Canadian dollar ................. . | CAD | 1.343026 | = | EUR | 1 |
| Swiss franc .................... . | CHF | 0.995461 | = | EUR | 1 |
| Danish krone ................... . | DKK | 7.438694 | = | EUR | 1 |
| British pound .................. . | GBP | 0.856432 | = | EUR | 1 |
| Hong Kong dollar ............... . | HKD | 8.172414 | = | EUR | 1 |
| Japanese yen .................. . | JPY | 141.562199 | = | EUR | 1 |
| Norwegian krone ................ . | NOK | 10.328526 | = | EUR | 1 |
| New Zealand dollar .............. . | NZD | 1.669016 | = | EUR | 1 |
| Swedish krona.................. . | SEK | 10.710462 | = | EUR | 1 |
| Singapore dollar ................ . | SGD | 1.450722 | = | EUR | 1 |
| U.S. dollar ..................... . | USD | 1.041549 | = | EUR | 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.

Translation (ENDE, 2022-06-30):
# DWS Invest CROCI World
DWS INVEST CROCI WORLD

### Wertentwicklung der Anteilklassen vs. Vergleichsindex (in EUR)
| Anteilklasse | ISIN | 6 Monate |
| --- | --- | --- |
| Klasse LC | LU1769941003 | -4,2% |
| Klasse IC | LU1769940708 | -3,8% |
| Klasse ID | LU1769940880 | – 2) |
| Klasse TFC | LU1902608444 | -3,8% |
| Klasse USD IC 1) | LU1769941185 | -11,6% |
| Klasse USD LC 1) | LU1769941268 | -11,9% |
| MSCI World |  | -14,0% |

1) 
in USD
2) 
letzte Anteilpreisberechnung am 22.5.2020 (Anteilklasse noch aktiv)
Wertentwicklung nach BVI-Methode, d. h. ohne Berücksichtigung des Ausgabeaufschlages.
Wertentwicklungen der Vergangenheit ermöglichen keine Prognose für die Zukunft.	Stand: 30.6.2022
DWS Invest CROCI World
| Vermögensübersicht zum 30.6.2022 |  |
| --- | --- |
|  | Bestand in EUR | %-Anteil am Fondsvermögen |
| I. Vermögensgegenstände |  |  |
| 1. Aktien (Branchen) Informationstechnologie | 8 337 725,51 | 13,98 |
| Telekommunikationsdienste | 4 725 104,82 | 7,93 |
| Dauerhafte Konsumgüter | 14 286 613,83 | 23,97 |
| Energie | 8 432 761,22 | 14,15 |
| Hauptverbrauchsgüter | 8 730 881,20 | 14,65 |
| Grundstoffe | 5 506 120,43 | 9,23 |
| Industrien | 8 367 583,28 | 14,03 |
| Versorger | 1 255 605,80 | 2,11 |
| Summe Aktien | 59 642 396,09 | 100,05 |
| 2. Investmentanteile Sonstige Fonds | 9 703,96 | 0,02 |
| Summe Investmentanteile | 9 703,96 | 0,02 |
| 3. Derivate | -5 823,06 | -0,01 |
| 4. Bankguthaben | 18 571,29 | 0,03 |
| 5. Sonstige Vermögensgegenstände | 125 872,28 | 0,21 |
| 6. Forderungen aus Anteilscheingeschäften | 97 460,09 | 0,16 |
| II. Verbindlichkeiten |  |  |
| 1. Kurzfristige Verbindlichkeiten | -105 790,55 | -0,18 |
| 2. Sonstige Verbindlichkeiten | -141 544,15 | -0,23 |
| 3. Verbindlichkeiten aus Anteilscheingeschäften | -27 987,23 | -0,05 |
| III. Fondsvermögen | 59 612 858,72 | 100,00 |
| Durch Rundung der Prozentanteile bei der Berechnung können geringfügige Rundungsdifferenzen entstanden sein. |  |  |

| Vermögensaufstellung zum 30.6.2022 |  |
| --- | --- |
|  | Stück bzw. | Nominalbetrag | Käufe/ | Verkäufe/ | Währung | Kurs | Kurswert | %-Anteil am |
| Wertpapierbezeichnung | Anteile bzw. | bzw. | Zugänge | Abgänge |  |  | in | Fonds- |
| Währung	Bestand	im Berichtszeitraum	EUR	vermögen |
| Börsengehandelte Wertpapiere |  |  |  |  |  |  | 59 642 396,09 | 100,05 |
| Aktien BHP Group Ltd  ...................................  | Stück | 21 176 | 13 261 | 1 390 | AUD | 41,25 | 578 887,96 | 0,97 |
| James Hardie Industries PLC -CDI-  ...................  | Stück | 30 636 | 31 155 | 519 | AUD | 31,77 | 645 024,06 | 1,08 |
| Sonic Healthcare Ltd  ..............................  | Stück | 27 684 | 28 815 | 1 131 | AUD | 33,01 | 605 621,11 | 1,02 |
| TC Energy Corp. ..................................  | Stück | 12 575 | 7 048 | 2 749 | CAD | 66,35 | 621 247,28 | 1,04 |
| Kuehne + Nagel International AG  ....................  | Stück | 2 723 | 2 814 | 91 | CHF | 225 | 615 468,66 | 1,03 |
| Novartis AG  .....................................  | Stück | 7 648 | 4 062 | 799 | CHF | 80,33 | 617 165,20 | 1,04 |
| AP Moller - Maersk A/S  ............................  | Stück | 268 | 173 | 19 | DKK | 16 640 | 599 503,05 | 1,01 |
| ArcelorMittal SA  ..................................  | Stück | 24 051 | 14 029 | 1 698 | EUR | 21,085 | 507 115,34 | 0,85 |
| Cie de Saint-Gobain  ...............................  | Stück | 12 974 | 13 294 | 320 | EUR | 40,11 | 520 387,14 | 0,87 |
| CRH PLC  .......................................  | Stück | 17 496 | 18 494 | 998 | EUR | 32,28 | 564 770,88 | 0,95 |
| Deutsche Post AG  ................................  | Stück | 16 873 | 17 987 | 1 114 | EUR | 35,225 | 594 351,43 | 1,00 |
| Nokia Oyj  .......................................  | Stück | 134 961 | 76 524 | 3 857 | EUR | 4,414 | 595 650,37 | 1,00 |
| STMicroelectronics NV  .............................  | Stück | 18 795 | 19 505 | 710 | EUR | 29,465 | 553 794,68 | 0,93 |
| TotalEnergies SE  .................................  | Stück | 12 042 | 12 193 | 151 | EUR | 50,47 | 607 759,74 | 1,02 |
| UCB SA  ........................................  | Stück | 7 576 | 4 990 | 855 | EUR | 80,68 | 611 231,68 | 1,03 |
| Anglo American PLC  ..............................  | Stück | 15 268 | 7 873 | 2 316 | GBP | 29,245 | 521 363,96 | 0,87 |
| Ferguson PLC ....................................  | Stück | 5 706 | 5 945 | 239 | GBP | 90,74 | 604 557,72 | 1,01 |
| Persimmon PLC  ..................................  | Stück | 26 369 | 16 324 | 349 | GBP | 18,405 | 566 678,47 | 0,95 |
| Rio Tinto PLC  ....................................  | Stück | 9 857 | 5 068 | 1 074 | GBP | 48,82 | 561 888,00 | 0,94 |
| Shell PLC  .......................................  | Stück | 24 963 | 25 268 | 305 | GBP | 21,385 | 623 323,16 | 1,05 |
| Hong Kong & China Gas Co., Ltd  ....................  | Stück | 591 816 | 611 000 | 19 184 | HKD | 8,45 | 611 917,76 | 1,03 |
| ENEOS Holdings, Inc.  .............................  | Stück | 156 389 | 163 600 | 7 211 | JPY | 514 | 567 503,40 | 0,95 |
| Kyocera Corp. ....................................  | Stück | 11 735 | 13 286 | 1 551 | JPY | 7 256 | 601 496,45 | 1,01 |
| Nintendo Co., Ltd .................................  | Stück | 1 483 | 833 | 169 | JPY | 58 680 | 614 729,36 | 1,03 |
| Sekisui House Ltd  ................................  | Stück | 36 580 | 19 681 | 1 306 | JPY | 2 377 | 614 093,10 | 1,03 |
| Shin-Etsu Chemical Co., Ltd  ........................  | Stück | 5 152 | 5 152 |  | JPY | 15 300 | 556 826,61 | 0,93 |
| TDK Corp. .......................................  | Stück | 19 792 | 21 792 | 2 000 | JPY | 4 190 | 585 809,49 | 0,98 |
| Equinor ASA  .....................................  | Stück | 17 830 | 24 253 | 6 423 | NOK | 344,1 | 594 015,38 | 1,00 |
| Telefonaktiebolaget LM Ericsson -B-  ..................  | Stück | 83 870 | 52 911 | 4 602 | SEK | 76,04 | 595 443,50 | 1,00 |
| AbbVie, Inc.  .....................................  | Stück | 4 495 | 2 424 | 856 | USD | 152,29 | 657 235,74 | 1,10 |
| Amdocs Ltd  .....................................  | Stück | 7 984 | 8 324 | 340 | USD | 82,79 | 634 626,93 | 1,06 |
| Amgen, Inc.  .....................................  | Stück | 2 648 | 1 460 | 515 | USD | 241,94 | 615 100,03 | 1,03 |
| Applied Materials, Inc.  .............................  | Stück | 6 919 | 4 660 | 335 | USD | 89,46 | 594 281,64 | 1,00 |
| Best Buy Co, Inc.  .................................  | Stück | 8 816 | 5 528 | 503 | USD | 65,23 | 552 127,08 | 0,93 |
| Biogen, Inc.  .....................................  | Stück | 3 083 | 2 017 | 530 | USD | 202,38 | 599 047,42 | 1,01 |
| Bristol-Myers Squibb Co.  ...........................  | Stück | 8 425 | 4 993 | 2 728 | USD | 76,9 | 622 037,17 | 1,04 |
| Cardinal Health, Inc. ...............................  | Stück | 12 264 | 6 019 | 1 390 | USD | 52,66 | 620 059,10 | 1,04 |
| CH Robinson Worldwide, Inc.  .......................  | Stück | 6 281 | 3 313 | 772 | USD | 101,21 | 610 340,67 | 1,02 |
| Cisco Systems, Inc.  ...............................  | Stück | 14 328 | 8 733 | 677 | USD | 42,27 | 581 484,19 | 0,98 |
| Cognizant Technology Solutions Corp.  ................  | Stück | 9 348 | 5 432 | 553 | USD | 67,19 | 603 036,27 | 1,01 |
| Comcast Corp.  ...................................  | Stück | 16 056 | 8 630 | 352 | USD | 38,665 | 596 040,08 | 1,00 |
| Conagra Brands, Inc.  ..............................  | Stück | 19 825 | 12 169 | 3 304 | USD | 34,24 | 651 728,99 | 1,09 |
| ConocoPhillips  ...................................  | Stück | 6 683 | 4 214 | 3 059 | USD | 90,47 | 580 491,87 | 0,97 |
| Constellation Brands, Inc.  ..........................  | Stück | 2 731 | 1 709 | 543 | USD | 232,57 | 609 811,32 | 1,02 |
| Coterra Energy, Inc. ...............................  | Stück | 23 435 | 16 880 | 12 726 | USD | 26,71 | 600 978,50 | 1,01 |
| Cummins, Inc.  ...................................  | Stück | 3 246 | 1 842 | 393 | USD | 189,59 | 590 859,24 | 0,99 |
| Darden Restaurants, Inc.  ...........................  | Stück | 5 444 | 5 649 | 205 | USD | 112,11 | 585 979,68 | 0,98 |
| Devon Energy Corp. ...............................  | Stück | 10 717 | 7 419 | 6 372 | USD | 55,79 | 574 049,95 | 0,96 |
| DR Horton, Inc.  ..................................  | Stück | 10 265 | 6 741 | 157 | USD | 65,26 | 643 170,49 | 1,08 |
| DuPont de Nemours, Inc.  ..........................  | Stück | 11 051 | 6 515 | 419 | USD | 54,89 | 582 391,33 | 0,98 |
| eBay, Inc. .......................................  | Stück | 14 730 | 9 175 | 367 | USD | 41,19 | 582 525,08 | 0,98 |
| EOG Resources, Inc.  ..............................  | Stück | 5 566 | 3 442 | 2 390 | USD | 113,38 | 605 898,31 | 1,02 |
| Expeditors International of Washington, Inc. ............  | Stück | 6 601 | 4 034 | 349 | USD | 96,93 | 614 310,64 | 1,03 |
| Fox Corp.  .......................................  | Stück | 19 393 | 10 340 | 1 203 | USD | 32,1 | 597 681,92 | 1,00 |
| Freeport-McMoRan, Inc.  ...........................  | Stück | 18 391 | 19 683 | 1 292 | USD | 29,51 | 521 068,29 | 0,87 |
| Garmin Ltd  ......................................  | Stück | 6 652 | 4 028 | 243 | USD | 97,42 | 622 186,31 | 1,04 |
| Gilead Sciences, Inc.  ..............................  | Stück | 10 620 | 7 097 | 1 729 | USD | 61,63 | 628 400,86 | 1,05 |
| Hasbro, Inc.  .....................................  | Stück | 7 763 | 8 113 | 350 | USD | 81,84 | 609 979,58 | 1,02 |
| HCA Healthcare, Inc.  ..............................  | Stück | 3 592 | 5 518 | 1 926 | USD | 166,99 | 575 899,74 | 0,97 |
| Hewlett Packard Enterprise Co.  ......................  | Stück | 46 358 | 23 986 | 2 750 | USD | 13,12 | 583 953,97 | 0,98 |
| Hologic, Inc. .....................................  | Stück | 9 160 | 9 587 | 427 | USD | 69,62 | 612 279,31 | 1,03 |
| HP, Inc. .........................................  | Stück | 18 530 | 10 846 | 2 683 | USD | 32,98 | 586 740,63 | 0,98 |
| Intel Corp. .......................................  | Stück | 16 816 | 9 979 | 654 | USD | 36,84 | 594 788,29 | 1,00 |
| J M Smucker Co.  .................................  | Stück | 5 087 | 2 889 | 581 | USD | 130,65 | 638 103,67 | 1,07 |
| Kinder Morgan, Inc.  ...............................  | Stück | 38 778 | 21 622 | 7 125 | USD | 16,84 | 626 971,19 | 1,05 |
| KLA Corp.  .......................................  | Stück | 1 994 | 1 165 | 139 | USD | 314,59 | 602 268,51 | 1,01 |
| Kroger Co.  ......................................  | Stück | 13 458 | 7 225 | 2 229 | USD | 47,55 | 614 399,90 | 1,03 |
| L Brands, Inc. ....................................  | Stück | 18 546 | 13 886 | 767 | USD | 26,08 | 464 384,73 | 0,78 |
| Laboratory Corp. of America Holdings .................  | Stück | 2 749 | 1 818 | 299 | USD | 236,06 | 623 041,87 | 1,05 |
| Lam Research Corp.  ..............................  | Stück | 1 483 | 1 002 | 85 | USD | 416,55 | 593 100,62 | 1,00 |
| Lowe‘s Cos, Inc.  .................................  | Stück | 3 604 | 3 659 | 55 | USD | 172,32 | 596 266,70 | 1,00 |
| LyondellBasell Industries NV  ........................  | Stück | 6 928 | 3 651 | 1 045 | USD | 86,56 | 575 764,94 | 0,97 |
| Marathon Petroleum Corp.  .........................  | Stück | 7 120 | 10 009 | 2 889 | USD | 83,48 | 570 666,69 | 0,96 |
| Masco Corp.  .....................................  | Stück | 13 057 | 7 548 | 195 | USD | 49,61 | 621 917,42 | 1,04 |
| Merck & Co, Inc.  .................................  | Stück | 7 346 | 4 408 | 2 072 | USD | 92,29 | 650 917,07 | 1,09 |
| Meta Platforms, Inc.  ..............................  | Stück | 3 797 | 2 828 | 166 | USD | 160,04 | 583 430,63 | 0,98 |
| Micron Technology, Inc. ............................  | Stück | 11 153 | 11 696 | 543 | USD | 54,51 | 583 697,69 | 0,98 |
| Mosaic Co.  ......................................  | Stück | 12 288 | 15 941 | 3 653 | USD | 47,44 | 559 687,97 | 0,94 |
| Nucor Corp.  .....................................  | Stück | 5 473 | 3 394 | 1 134 | USD | 102,98 | 541 126,03 | 0,91 |


### 115
| DWS Invest CROCI World |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | Stück bzw. | Nominalbetrag | Käufe/ | Verkäufe/ | Währung | Kurs | Kurswert | %-Anteil am |
| Wertpapierbezeichnung | Anteile bzw. | bzw. | Zugänge | Abgänge |  |  | in | Fonds- |
| Währung	Bestand	im Berichtszeitraum	EUR	vermögen |
| Occidental Petroleum Corp.  .........................  | Stück | 11 167 | 18 363 | 7 196 | USD | 58,91 | 631 605,10 | 1,06 |
| ONEOK, Inc. .....................................  | Stück | 11 648 | 6 037 | 943 | USD | 55,79 | 623 918,43 | 1,05 |
| Pfizer, Inc.  ......................................  | Stück | 13 363 | 7 198 | 209 | USD | 51,5 | 660 741,05 | 1,11 |
| Pioneer Natural Resources Co.  ......................  | Stück | 2 804 | 1 744 | 1 122 | USD | 224,48 | 604 332,22 | 1,01 |
| Qorvo, Inc.  ......................................  | Stück | 6 538 | 4 153 | 181 | USD | 93,36 | 586 038,09 | 0,98 |
| QUALCOMM, Inc.  ................................  | Stück | 5 139 | 3 121 | 125 | USD | 126,16 | 622 472,81 | 1,04 |
| Quest Diagnostics, Inc.  ............................  | Stück | 4 759 | 3 029 | 484 | USD | 135,46 | 618 937,60 | 1,04 |
| Regeneron Pharmaceuticals, Inc.  ....................  | Stück | 1 071 | 648 | 189 | USD | 587,87 | 604 492,42 | 1,01 |
| Ross Stores, Inc.  .................................  | Stück | 8 317 | 8 685 | 368 | USD | 69,85 | 557 767,49 | 0,94 |
| Sempra Energy ...................................  | Stück | 4 455 | 2 260 | 810 | USD | 150,49 | 643 688,04 | 1,08 |
| Skyworks Solutions, Inc.  ...........................  | Stück | 6 895 | 4 552 | 155 | USD | 91,38 | 604 930,54 | 1,01 |
| Stanley Black & Decker, Inc.  ........................  | Stück | 6 022 | 6 160 | 138 | USD | 103,95 | 601 015,03 | 1,01 |
| Target Corp. .....................................  | Stück | 4 463 | 2 873 | 107 | USD | 137,71 | 590 082,12 | 0,99 |
| Teradyne, Inc. ....................................  | Stück | 6 982 | 7 278 | 296 | USD | 88,61 | 593 994,84 | 1,00 |
| Tyson Foods, Inc. .................................  | Stück | 7 484 | 3 895 | 850 | USD | 85,79 | 616 439,61 | 1,03 |
| Vertex Pharmaceuticals, Inc.  ........................  | Stück | 2 364 | 1 363 | 766 | USD | 278,78 | 632 745,66 | 1,06 |
| ViacomCBS, Inc. ..................................  | Stück | 25 317 | 14 798 | 2 323 | USD | 24,39 | 592 849,05 | 0,99 |
| Viatris, Inc. ......................................  | Stück | 59 464 | 43 155 | 12 777 | USD | 10,53 | 601 177,31 | 1,01 |
| Warner Bros Discovery, Inc.  ........................  | Stück | 43 732 | 44 107 | 375 | USD | 12,85 | 539 538,64 | 0,91 |
| Westrock Co.  ....................................  | Stück | 15 133 | 7 159 | 652 | USD | 39,3 | 571 002,05 | 0,96 |
| Whirlpool Corp.  ..................................  | Stück | 4 110 | 2 579 | 114 | USD | 152,22 | 600 666,80 | 1,01 |
| Investmentanteile |  |  |  |  |  |  | 9 703,96 | 0,02 |
| Gruppeneigene Investmentanteile DWS Deutsche Global Liquidity Series Plc - Deutsche Managed Euro Fund -Z- EUR - (0,100%) ................  | Anteile | 1 | 184 | 195 | EUR | 9 703,959 | 9 703,96 | 0,02 |
| Summe Wertpapiervermögen |  |  |  |  |  |  | 59 652 100,05 | 100,07 |
| Derivate (Bei den mit Minus gekennzeichneten Beständen handelt es sich um verkaufte | Positionen) |  |  |  |
| Aktienindex-Derivate Forderungen/Verbindlichkeiten |  |  | -5 823,06 | -0,01 |
| Aktienindex-Terminkontrakte MSCI World Index 09/2022 (DB)	Stück | 1 | 1 | -5 823,06 | -0,01 |
| Bankguthaben |  |  | 18 571,29 | 0,03 |
| Verwahrstelle (täglich fällig) |  |  |  |  |
| Guthaben in sonstigen EU/EWR-Währungen |  |  |  |  |
| Dänische Kronen	DKK | 19 679 |  | 2 645,50 | 0,00 |
| Norwegische Kronen	NOK | 27 594 |  | 2 671,65 | 0,01 |
| Schwedische Kronen	SEK | 1 001 |  | 93,43 | 0,00 |
| Guthaben in Nicht-EU/EWR-Währungen |  |  |  |  |
| Australischer Dollar	AUD | 160 |  | 106,35 | 0,00 |
| Britisches Pfund	GBP | 80 |  | 93,74 | 0,00 |
| Hongkong Dollar	HKD | 22 361 |  | 2 736,21 | 0,01 |
| Japanischer Yen	JPY | 99 998 |  | 706,39 | 0,00 |
| Kanadischer Dollar	CAD | 3 574 |  | 2 661,25 | 0,00 |
| Schweizer Franken	CHF | 101 |  | 100,99 | 0,00 |
| Singapur Dollar	SGD | 131 |  | 90,06 | 0,00 |
| US-Dollar	USD | 6 943 |  | 6 665,72 | 0,01 |
| Sonstige Vermögensgegenstände |  |  | 125 872,28 | 0,21 |
| Dividenden- / Ausschüttungsansprüche .................  |  |  | 92 935,78 | 0,16 |
| Forderungen aus der Überschreitung des „Expense Cap“ ..  |  |  | 32 252,92 | 0,05 |
| Sonstige Ansprüche ................................  |  |  | 683,58 | 0,00 |
| Forderungen aus Anteilscheingeschäften |  |  | 97 460,09 | 0,16 |
| Summe der Vermögensgegenstände * |  |  | 59 894 003,71 | 100,47 |
| Kurzfristige Verbindlichkeiten |  |  | -105 790,55 | -0,18 |
| EUR-Kredite	EUR |  |  | -105 790,55 | -0,18 |
| Sonstige Verbindlichkeiten |  |  | -141 544,15 | -0,23 |
| Verbindlichkeiten aus Kostenpositionen ................  |  |  | -130 452,53 | -0,21 |
| Andere sonstige Verbindlichkeiten .....................  |  |  | -11 091,62 | -0,02 |
| Verbindlichkeiten aus Anteilscheingeschäften |  |  | -27 987,23 | -0,05 |
| Summe der Verbindlichkeiten |  |  | -281 144,99 | -0,47 |
| Fondsvermögen |  |  | 59 612 858,72 | 100,00 |


### 116
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 | 33 466,64 |
| Klasse LC ........................................  | EUR | 274,62 |
| Klasse TFC .......................................  | EUR | 153,86 |
| Klasse USD IC ....................................  | USD | 22 534,78 |
| Klasse USD LC ....................................  | USD | 207,07 |
| Umlaufende Anteile Klasse IC .........................................  | Stück | 404,873 |
| Klasse LC ........................................  | Stück | 116 667,002 |
| Klasse TFC .......................................  | Stück | 46 580,393 |
| Klasse USD IC ....................................  | Stück | 177,380 |
| Klasse USD LC ....................................  | Stück | 15 185,238 |

Zusammensetzung des Referenzportfolios (gem. CSSF-Rundschreiben 11/512) MSCI World Index in EUR
Potenzieller Risikobetrag für das Marktrisiko (gem. CSSF-Rundschreiben 11/512)
| kleinster potenzieller Risikobetrag .....................  | % | 81,280 |
| --- | --- | --- |
| größter potenzieller Risikobetrag ......................  | % | 104,189 |
| durchschnittlicher potenzieller Risikobetrag ..............  | % | 93,181 |

Die Risikokennzahlen wurden für den Zeitraum vom 1.1.2022 bis 30.6.2022 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 zugrunde liegende 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 EUR 74 180,96.
 Marktschlüssel	 Terminbörsen
DB = Deutsche Bank AG Frankfurt
 Devisenkurse (in Mengennotiz)	
per 30.6.2022
| Australischer Dollar ..............  | AUD | 1,508945 | = | EUR | 1 |
| --- | --- | --- | --- | --- | --- |
| Kanadischer Dollar ...............  | CAD | 1,343026 | = | EUR | 1 |
| Schweizer Franken ...............  | CHF | 0,995461 | = | EUR | 1 |
| Dänische Kronen ................  | DKK | 7,438694 | = | EUR | 1 |
| Britisches Pfund .................  | GBP | 0,856432 | = | EUR | 1 |
| Hongkong Dollar .................  | HKD | 8,172414 | = | EUR | 1 |
| Japanischer Yen .................  | JPY | 141,562199 | = | EUR | 1 |
| Norwegische Kronen .............  | NOK | 10,328526 | = | EUR | 1 |
| Schwedische Kronen .............  | SEK | 10,710462 | = | EUR | 1 |
| Singapur Dollar ..................  | SGD | 1,450722 | = | EUR | 1 |
| US-Dollar ......................  | USD | 1,041549 | = | EUR | 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 in geringfügigem Umfang 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.
 Fußnote	
* Beinhaltet, sofern vorhanden, keine Positionen mit negativem Bestand.
DWS Invest CROCI World SDG
DWS INVEST CROCI WORLD SDG

### Wertentwicklung der Anteilklassen (in EUR)
| Anteilklasse | ISIN | 6 Monate |
| --- | --- | --- |
| Klasse LD | LU1769941425 | -12,4% |
| Klasse ID | LU1769941342 | -12,0% |
| Klasse TFC | LU1769941698 | -12,0% |
| Klasse USD IC 1) | LU1769941771 | -19,1% |

1) 
in USD
Wertentwicklung nach BVI-Methode, d. h. ohne Berücksichtigung des Ausgabeaufschlages.
Wertentwicklungen der Vergangenheit ermöglichen keine Prognose für die Zukunft.	Stand: 30.6.2022
DWS Invest CROCI World SDG
| Vermögensübersicht zum 30.6.2022 |  |
| --- | --- |
|  | Bestand in EUR | %-Anteil am Fondsvermögen |
| I. Vermögensgegenstände |  |  |
| 1. Aktien (Branchen) |  |  |
| Informationstechnologie | 1 258 818,34 | 25,78 |
| Telekommunikationsdienste | 146 397,44 | 3,00 |
| Dauerhafte Konsumgüter | 2 212 082,25 | 45,35 |
| Hauptverbrauchsgüter | 435 646,58 | 8,92 |
| Finanzsektor | 418 398,64 | 8,58 |
| Grundstoffe | 108 896,02 | 2,23 |
| Industrien | 292 834,56 | 6,00 |
| Summe Aktien | 4 873 073,83 | 99,86 |
| 2. Bankguthaben | 5 710,51 | 0,12 |
| 3. Sonstige Vermögensgegenstände | 65 583,63 | 1,34 |
| II. Verbindlichkeiten |  |  |
| 1. Kurzfristige Verbindlichkeiten | -43 553,69 | -0,89 |
| 2. Sonstige Verbindlichkeiten | -21 088,03 | -0,43 |
| III. Fondsvermögen | 4 879 726,25 | 100,00 |
| Durch Rundung der Prozentanteile bei der Berechnung können geringfügige Rundungsdifferenzen entstanden sein. |  |  |

Vermögensaufstellung zum 30.6.2022
| Wertpapierbezeichnung | Stück bzw. Anteile bzw. | Nominalbetrag bzw. | Käufe/ Zugänge | Verkäufe/ Abgänge | Währung | Kurs | Kurswert in | %-Anteil am Fonds- |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Währung	Bestand	im Berichtszeitraum	EUR	vermögen |
| Börsengehandelte Wertpapiere |  |  |  |  |  |  | 4 873 073,83 | 99,86 |
| Aktien BlueScope Steel Ltd  ..............................  | Stück | 5 331 | 296 | 721 | AUD | 15,9 | 56 173,62 | 1,15 |
| CSL Ltd  ........................................  | Stück | 309 | 56 | 44 | AUD | 269,06 | 55 097,80 | 1,13 |
| Sonic Healthcare Ltd  ..............................  | Stück | 2 154 | 299 | 397 | AUD | 33,01 | 47 121,37 | 0,97 |
| Logitech International SA ...........................  | Stück | 833 | 202 | 98 | CHF | 49,36 | 41 304,36 | 0,85 |
| Novartis AG  .....................................  | Stück | 880 | 61 | 135 | CHF | 80,33 | 71 012,73 | 1,46 |
| Pandora A/S  .....................................  | Stück | 601 | 225 | 112 | DKK | 441,9 | 35 702,76 | 0,73 |
| Banco Santander SA  ..............................  | Stück | 24 476 | 1 049 | 4 228 | EUR | 2,645 | 64 726,78 | 1,33 |
| Capgemini SE ....................................  | Stück | 442 | 22 | 150 | EUR | 163,95 | 72 465,90 | 1,48 |
| Cie de Saint-Gobain  ...............................  | Stück | 1 024 | 294 | 290 | EUR | 40,11 | 41 072,64 | 0,84 |
| EssilorLuxottica SA  ...............................  | Stück | 324 | 349 | 559 | EUR | 141,35 | 45 797,40 | 0,94 |
| Infineon Technologies AG  ..........................  | Stück | 1 913 | 454 | 280 | EUR | 22,76 | 43 539,88 | 0,89 |
| Intesa Sanpaolo SpA  ..............................  | Stück | 47 119 | 9 697 | 7 800 | EUR | 1,764 | 83 127,34 | 1,70 |
| SAP SE  .........................................  | Stück | 574 | 34 | 103 | EUR | 85,45 | 49 048,30 | 1,00 |
| Siemens AG  .....................................  | Stück | 444 | 115 | 255 | EUR | 96,45 | 42 823,80 | 0,88 |
| STMicroelectronics NV  .............................  | Stück | 1 659 | 207 | 269 | EUR | 29,465 | 48 882,44 | 1,00 |
| Television Francaise 1  .............................  | Stück | 6 491 | 678 | 860 | EUR | 6,665 | 43 262,52 | 0,89 |
| UniCredit SpA ....................................  | Stück | 5 770 | 6 357 | 587 | EUR | 8,939 | 51 578,03 | 1,06 |
| Johnson Matthey PLC  .............................  | Stück | 2 369 | 941 | 381 | GBP | 19,06 | 52 722,40 | 1,08 |
| Pearson PLC .....................................  | Stück | 6 634 | 8 065 | 1 431 | GBP | 7,436 | 57 599,94 | 1,18 |
| Persimmon PLC  ..................................  | Stück | 2 023 | 150 | 372 | GBP | 18,405 | 43 474,94 | 0,89 |
| Taylor Wimpey PLC  ...............................  | Stück | 33 804 | 8 137 | 4 802 | GBP | 1,144 | 45 154,54 | 0,93 |
| Astellas Pharma, Inc.  ..............................  | Stück | 4 838 | 159 | 1 551 | JPY | 2 115 | 72 281,80 | 1,48 |
| Chugai Pharmaceutical Co., Ltd ......................  | Stück | 2 271 | 2 503 | 232 | JPY | 3 470 | 55 667,19 | 1,14 |
| Fujitsu Ltd  ......................................  | Stück | 533 | 30 | 87 | JPY | 16 965 | 63 875,42 | 1,31 |
| Ono Pharmaceutical Co., Ltd  ........................  | Stück | 4 599 | 177 | 2 280 | JPY | 3 482 | 113 121,43 | 2,32 |
| Sekisui House Ltd  ................................  | Stück | 7 121 | 465 | 1 603 | JPY | 2 377 | 119 545,02 | 2,45 |
| Takeda Pharmaceutical Co., Ltd ......................  | Stück | 2 133 | 87 | 305 | JPY | 3 818 | 57 528,03 | 1,18 |
| Fisher & Paykel Healthcare Corp., Ltd  .................  | Stück | 3 924 | 4 067 | 143 | NZD | 19,98 | 46 974,69 | 0,96 |
| AbbVie, Inc.  .....................................  | Stück | 943 | 54 | 203 | USD | 152,29 | 137 880,60 | 2,83 |
| Acuity Brands, Inc. ................................  | Stück | 328 | 29 | 43 | USD | 157,03 | 49 451,17 | 1,01 |
| Align Technology, Inc.  .............................  | Stück | 163 | 167 | 4 | USD | 233,84 | 36 595,40 | 0,75 |
| Applied Materials, Inc.  .............................  | Stück | 1 294 | 1 330 | 36 | USD | 89,46 | 111 143,29 | 2,28 |
| Aptiv PLC  .......................................  | Stück | 596 | 642 | 46 | USD | 87,31 | 49 960,91 | 1,02 |
| Best Buy Co, Inc.  .................................  | Stück | 633 | 133 | 106 | USD | 65,23 | 39 643,43 | 0,81 |
| Bristol-Myers Squibb Co.  ...........................  | Stück | 3 739 | 120 | 1 732 | USD | 76,9 | 276 058,99 | 5,66 |
| Cisco Systems, Inc.  ...............................  | Stück | 1 122 | 128 | 459 | USD | 42,27 | 45 534,98 | 0,93 |
| DaVita, Inc. ......................................  | Stück | 533 | 41 | 91 | USD | 79,49 | 40 678,02 | 0,83 |
| Dentsply Sirona, Inc.  ..............................  | Stück | 1 407 | 1 542 | 135 | USD | 35,5 | 47 955,95 | 0,98 |
| Eli Lilly & Co.  ....................................  | Stück | 204 | 18 | 86 | USD | 323,1 | 63 283,02 | 1,30 |
| Flex Ltd  ........................................  | Stück | 4 564 | 377 | 1 660 | USD | 14,35 | 62 880,74 | 1,29 |
| Gilead Sciences, Inc.  ..............................  | Stück | 1 903 | 133 | 323 | USD | 61,63 | 112 603,28 | 2,31 |
| HCA Healthcare, Inc.  ..............................  | Stück | 411 | 41 | 67 | USD | 166,99 | 65 894,99 | 1,35 |
| Hewlett Packard Enterprise Co.  ......................  | Stück | 6 484 | 388 | 1 394 | USD | 13,12 | 81 676,46 | 1,67 |
| HP, Inc. .........................................  | Stück | 3 364 | 278 | 1 009 | USD | 32,98 | 106 518,91 | 2,18 |
| Intel Corp. .......................................  | Stück | 2 601 | 244 | 432 | USD | 36,84 | 91 998,36 | 1,89 |
| International Business Machines Corp.  ................  | Stück | 713 | 59 | 156 | USD | 139,76 | 95 673,69 | 1,96 |
| Johnson & Johnson  ...............................  | Stück | 744 | 66 | 100 | USD | 176,37 | 125 984,68 | 2,58 |
| Kimberly-Clark Corp. ...............................  | Stück | 666 | 25 | 222 | USD | 133,97 | 85 664,70 | 1,76 |
| Laboratory Corp. of America Holdings .................  | Stück | 326 | 6 | 90 | USD | 236,06 | 73 885,65 | 1,51 |
| Lowe‘s Cos, Inc.  .................................  | Stück | 354 | 30 | 66 | USD | 172,32 | 58 567,82 | 1,20 |
| ManpowerGroup, Inc.  .............................  | Stück | 633 | 651 | 18 | USD | 74,29 | 45 149,63 | 0,93 |
| Merck & Co, Inc.  .................................  | Stück | 1 297 | 51 | 204 | USD | 92,29 | 114 925,05 | 2,36 |
| Micron Technology, Inc. ............................  | Stück | 1 355 | 187 | 599 | USD | 54,51 | 70 914,59 | 1,45 |
| Microsoft Corp.  ..................................  | Stück | 997 | 1 025 | 28 | USD | 255,12 | 244 207,92 | 5,00 |
| Norfolk Southern Corp.  ............................  | Stück | 219 | 247 | 28 | USD | 224,55 | 47 214,70 | 0,97 |
| Oracle Corp.  .....................................  | Stück | 1 198 | 67 | 409 | USD | 68,66 | 78 973,38 | 1,62 |
| Pfizer, Inc.  ......................................  | Stück | 2 220 | 144 | 1 074 | USD | 51,5 | 109 769,15 | 2,25 |
| Procter & Gamble Co.  .............................  | Stück | 414 | 12 | 81 | USD | 142,04 | 56 458,73 | 1,16 |
| PVH Corp. .......................................  | Stück | 810 | 875 | 65 | USD | 56,06 | 43 597,16 | 0,89 |
| Regeneron Pharmaceuticals, Inc.  ....................  | Stück | 182 | 8 | 109 | USD | 587,87 | 102 724,20 | 2,10 |
| Regions Financial Corp.  ............................  | Stück | 4 515 | 728 | 556 | USD | 18,365 | 79 610,22 | 1,63 |
| Synchrony Financial  ...............................  | Stück | 5 307 | 5 857 | 550 | USD | 27,35 | 139 356,27 | 2,86 |
| Tenet Healthcare Corp.  ............................  | Stück | 784 | 32 | 269 | USD | 52,54 | 39 548,15 | 0,81 |
| Vertex Pharmaceuticals, Inc.  ........................  | Stück | 210 | 13 | 199 | USD | 278,78 | 56 208,37 | 1,15 |
| Viatris, Inc. ......................................  | Stück | 5 560 | 5 711 | 151 | USD | 10,53 | 56 211,25 | 1,15 |
| VMware, Inc.  ....................................  | Stück | 537 | 187 | 63 | USD | 113,65 | 58 595,44 | 1,20 |
| Westrock Co.  ....................................  | Stück | 1 309 | 35 | 840 | USD | 39,3 | 49 391,51 | 1,01 |
| Summe Wertpapiervermögen |  |  |  |  |  |  | 4 873 073,83 | 99,86 |

DWS Invest CROCI World SDG
| Stück bzw. Wertpapierbezeichnung	Anteile bzw. | Nominalbetrag bzw. | Käufe/ Zugänge | Verkäufe/ Abgänge | Währung | Kurs | Kurswert in | %-Anteil am Fonds- |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  | Währung | Bestand | im Berichtszeitraum | EUR | vermögen |
| Bankguthaben |  |  |  | 5 710,51 | 0,12 |
| Verwahrstelle (täglich fällig) |  |  |  |  |  |
| Guthaben in sonstigen EU/EWR-Währungen |  |  |  |  |  |
| Dänische Kronen ..................................  | DKK | 5 059 |  | 680,11 | 0,01 |
| Norwegische Kronen ...............................  | NOK | 3 189 |  | 308,76 | 0,01 |
| Schwedische Kronen ...............................  | SEK | 6 246 |  | 583,17 | 0,01 |
| Guthaben in Nicht-EU/EWR-Währungen |  |  |  |  |  |
| Australischer Dollar ................................  | AUD | 705 |  | 466,86 | 0,01 |
| Britisches Pfund ...................................  | GBP | 327 |  | 382,06 | 0,01 |
| Hongkong Dollar ...................................  | HKD | 4 318 |  | 528,38 | 0,01 |
| Japanischer Yen ...................................  | JPY | 3 624 |  | 25,60 | 0,00 |
| Kanadischer Dollar .................................  | CAD | 751 |  | 558,90 | 0,01 |
| Neuseeländischer Dollar .............................  | NZD | 41 |  | 24,54 | 0,00 |
| Schweizer Franken .................................  | CHF | 317 |  | 318,82 | 0,01 |
| Singapur Dollar ....................................  | SGD | 800 |  | 551,45 | 0,01 |
| US-Dollar ........................................  | USD | 1 335 |  | 1 281,86 | 0,03 |
| Sonstige Vermögensgegenstände |  |  |  | 65 583,63 | 1,34 |
| Dividenden- / Ausschüttungsansprüche .................  |  |  |  | 17 055,88 | 0,35 |
| Forderungen aus der Überschreitung des „Expense Cap“ ..  |  |  |  | 46 844,47 | 0,96 |
| Sonstige Ansprüche ................................  |  |  |  | 1 683,28 | 0,03 |
| Summe der Vermögensgegenstände |  |  |  | 4 944 367,97 | 101,32 |
| Kurzfristige Verbindlichkeiten |  |  |  | -43 553,69 | -0,89 |
| EUR-Kredite ......................................  | EUR |  |  | -43 553,69 | -0,89 |
| Sonstige Verbindlichkeiten |  |  |  | -21 088,03 | -0,43 |
| Verbindlichkeiten aus Kostenpositionen ................  |  |  |  | -20 564,59 | -0,42 |
| Andere sonstige Verbindlichkeiten .....................  |  |  |  | -523,44 | -0,01 |
| Summe der Verbindlichkeiten |  |  |  | -64 641,72 | -1,32 |
| Fondsvermögen |  |  |  | 4 879 726,25 | 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 ID ........................................  | EUR | 14 281,22 |
| Klasse LD ........................................  | EUR | 143,96 |
| Klasse TFC .......................................  | EUR | 138,10 |
| Klasse USD IC ....................................  | USD | 13 647,85 |
| Umlaufende Anteile Klasse ID ........................................  | Stück | 12,000 |
| Klasse LD ........................................  | Stück | 25 212,211 |
| Klasse TFC .......................................  | Stück | 7 760,000 |
| Klasse USD IC ....................................  | Stück | 0,540 |

Zusammensetzung des Referenzportfolios (gem. CSSF-Rundschreiben 11/512) MSCI World Index in EUR
Potenzieller Risikobetrag für das Marktrisiko (gem. CSSF-Rundschreiben 11/512)
| kleinster potenzieller Risikobetrag .....................  | % | 70,828 |
| --- | --- | --- |
| größter potenzieller Risikobetrag ......................  | % | 89,252 |
| durchschnittlicher potenzieller Risikobetrag ..............  | % | 79,640 |

Die Risikokennzahlen wurden für den Zeitraum vom 1.1.2022 bis 30.6.2022 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 zugrunde liegende 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 EUR 0,00.
 Devisenkurse (in Mengennotiz)	
per 30.6.2022
| Australischer Dollar ..............  | AUD | 1,508945 | = | EUR | 1 |
| --- | --- | --- | --- | --- | --- |
| Kanadischer Dollar ...............  | CAD | 1,343026 | = | EUR | 1 |
| Schweizer Franken ...............  | CHF | 0,995461 | = | EUR | 1 |
| Dänische Kronen ................  | DKK | 7,438694 | = | EUR | 1 |
| Britisches Pfund .................  | GBP | 0,856432 | = | EUR | 1 |
| Hongkong Dollar .................  | HKD | 8,172414 | = | EUR | 1 |
| Japanischer Yen .................  | JPY | 141,562199 | = | EUR | 1 |
| Norwegische Kronen .............  | NOK | 10,328526 | = | EUR | 1 |
| Neuseeländischer Dollar ...........  | NZD | 1,669016 | = | EUR | 1 |
| Schwedische Kronen .............  | SEK | 10,710462 | = | EUR | 1 |
| Singapur Dollar ..................  | SGD | 1,450722 | = | EUR | 1 |
| US-Dollar ......................  | USD | 1,041549 | = | EUR | 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.