# 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 | -11.2% |
| Class USD IC | LU1769944015 | -10.9% |
| Class USD LDQ | LU1769944288 | -11.2% |
| Class IC 1 | LU1769943553 | -3.0% |
| Class ID 1 | LU1769943637 | -3.0% |
| Class LC 1 | LU1769943710 | -3.4% |
| Class LD 1 | LU1769943801 | -3.4% |
| Class TFC 1 | LU1769943983 | -3.0% |
| Class GBP IC 2 | LU1769943124 | -0.9% |
| Class GBP ID 2 | LU1769943397 | -1.0% |
| Class GBP LC 2 | LU1769943470 | -1.3% |
| Class GBP TFC 2 | LU1769943041 | 0.0% 3 |
| MSCI World (NDR) |  | -20.6% |

1 
in EUR
2 
in GBP
3 
Last share price calculation on January 31, 2022
“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 Global Dividends
| Statement of net assets as of June 30, 2022 |  |
| --- | --- |
|  | Amount in USD | % of net assets |
| I. Assets |  |  |
| 1. Equities (sectors) Information Technology | 6 462 046.33 | 5.30 |
| Telecommunication Services | 2 473 200.41 | 2.03 |
| Consumer Discretionaries | 38 406 402.82 | 31.50 |
| Energy | 19 713 183.38 | 16.17 |
| Consumer Staples | 22 292 730.86 | 18.28 |
| Basic Materials | 9 025 633.08 | 7.40 |
| Industrials | 23 566 324.91 | 19.32 |
| Total equities | 121 939 521.79 | 100.00 |
| 2. Investment fund units Other funds | 10 243.81 | 0.01 |
| Total investment fund units | 10 243.81 | 0.01 |
| 3. Cash at bank | 190 571.83 | 0.16 |
| 4. Other assets | 267 825.38 | 0.22 |
| 5. Receivables from share certificate transactions | 1 067.68 | 0.00 |
| II. Liabilities |  |  |
| 1. Other liabilities | -248 047.93 | -0.21 |
| 2. Liabilities from share certificate transactions | -222 332.59 | -0.18 |
| III. Net assets | 121 938 849.97 | 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 |  |  |  |  |  |  | 121 939 521.79 | 100.00 |
| Equities BHP Group Ltd  ...................................  | Count | 80 222 | 106 848 | 26 626 | AUD | 41.25 | 2 284 146.68 | 1.87 |
| Sonic Healthcare Ltd ...............................  | Count | 103 141 | 31 850 | 26 838 | AUD | 33.01 | 2 350 084.15 | 1.93 |
| Woodside Energy Group Ltd .........................  | Count | 138 665 | 144 044 | 5 379 | AUD | 31.84 | 3 047 519.31 | 2.50 |
| Kuehne + Nagel International AG .....................  | Count | 10 199 | 10 591 | 392 | CHF | 225 | 2 401 020.14 | 1.97 |
| LafargeHolcim Ltd .................................  | Count | 54 283 | 12 707 | 16 455 | CHF | 40.05 | 2 274 689.14 | 1.87 |
| Novartis AG ......................................  | Count | 29 678 | 5 798 | 11 681 | CHF | 80.33 | 2 494 411.45 | 2.05 |
| Roche Holding AG .................................  | Count | 8 027 | 2 688 | 1 971 | CHF | 316 | 2 653 970.18 | 2.18 |
| Cie de Saint-Gobain ................................  | Count | 48 503 | 56 951 | 8 448 | EUR | 40.11 | 2 026 288.01 | 1.66 |
| Cie Generale des Etablissements Michelin SCA .........  | Count | 85 716 | 87 540 | 1 824 | EUR | 25.49 | 2 275 682.36 | 1.87 |
| CRH PLC ........................................  | Count | 66 838 | 22 376 | 14 696 | EUR | 32.28 | 2 247 174.94 | 1.84 |
| Deutsche Post AG .................................  | Count | 65 898 | 33 256 | 12 488 | EUR | 35.225 | 2 417 704.10 | 1.98 |
| Henkel AG & Co. KGaA .............................  | Count | 40 124 | 14 982 | 9 079 | EUR | 58.68 | 2 452 303.62 | 2.01 |
| Kering SA  .......................................  | Count | 5 440 | 5 665 | 225 | EUR | 484.95 | 2 747 740.88 | 2.25 |
| Sanofi ..........................................  | Count | 24 689 | 34 219 | 38 533 | EUR | 96.5 | 2 481 479.69 | 2.03 |
| TotalEnergies SE ..................................  | Count | 48 556 | 61 755 | 13 199 | EUR | 50.47 | 2 552 443.39 | 2.09 |
| Glencore PLC  ....................................  | Count | 420 653 | 621 194 | 200 541 | GBP | 4.388 | 2 244 774.91 | 1.84 |
| GSK PLC  ........................................  | Count | 120 932 | 18 108 | 39 690 | GBP | 17.568 | 2 583 751.24 | 2.12 |
| Next PLC ........................................  | Count | 34 092 | 40 108 | 6 016 | GBP | 57.66 | 2 390 640.41 | 1.96 |
| Rio Tinto PLC  ....................................  | Count | 39 167 | 6 929 | 16 439 | GBP | 48.82 | 2 325 440.45 | 1.91 |
| Shell PLC ........................................  | Count | 89 932 | 94 353 | 4 421 | GBP | 21.385 | 2 338 894.57 | 1.92 |
| Bridgestone Corp. .................................  | Count | 69 340 | 73 773 | 4 433 | JPY | 4 950 | 2 525 350.40 | 2.07 |
| ITOCHU Corp. ....................................  | Count | 93 319 | 21 255 | 26 034 | JPY | 3 667 | 2 517 755.75 | 2.06 |
| Komatsu Ltd .....................................  | Count | 106 066 | 114 742 | 8 676 | JPY | 3 008 | 2 347 397.48 | 1.93 |
| Kyocera Corp. ....................................  | Count | 47 781 | 58 088 | 10 307 | JPY | 7 256 | 2 550 851.16 | 2.09 |
| Nintendo Co., Ltd .................................  | Count | 5 594 | 1 360 | 2 198 | JPY | 58 680 | 2 415 155.94 | 1.98 |
| Sekisui House Ltd .................................  | Count | 151 304 | 49 835 | 37 155 | JPY | 2 377 | 2 645 579.63 | 2.17 |
| Takeda Pharmaceutical Co., Ltd ......................  | Count | 90 570 | 18 507 | 30 919 | JPY | 3 818 | 2 544 209.69 | 2.09 |
| TDK Corp. .......................................  | Count | 78 044 | 83 281 | 5 237 | JPY | 4 190 | 2 405 947.54 | 1.97 |
| Tokyo Electron Ltd  ................................  | Count | 5 744 | 6 150 | 406 | JPY | 44 300 | 1 872 193.65 | 1.54 |
| Equinor ASA  .....................................  | Count | 76 471 | 80 829 | 4 358 | NOK | 344.1 | 2 653 524.04 | 2.18 |
| Telefonaktiebolaget LM Ericsson -B-  ..................  | Count | 334 461 | 134 638 | 65 385 | SEK | 76.04 | 2 473 200.41 | 2.03 |
| AbbVie, Inc. ......................................  | Count | 17 243 | 2 789 | 10 655 | USD | 152.29 | 2 625 936.47 | 2.15 |
| Amgen, Inc. ......................................  | Count | 10 688 | 1 614 | 5 092 | USD | 241.94 | 2 585 854.72 | 2.12 |
| Bristol-Myers Squibb Co.  ...........................  | Count | 34 437 | 6 103 | 22 134 | USD | 76.9 | 2 648 205.30 | 2.17 |
| Cardinal Health, Inc. ...............................  | Count | 46 863 | 7 070 | 20 469 | USD | 52.66 | 2 467 805.58 | 2.02 |
| ConocoPhillips ....................................  | Count | 25 201 | 26 224 | 1 023 | USD | 90.47 | 2 279 934.47 | 1.87 |
| Cummins, Inc. ....................................  | Count | 12 961 | 3 216 | 3 291 | USD | 189.59 | 2 457 275.99 | 2.02 |
| Garmin Ltd  ......................................  | Count | 26 085 | 30 775 | 4 690 | USD | 97.42 | 2 541 200.70 | 2.08 |
| Gilead Sciences, Inc. ...............................  | Count | 41 697 | 9 666 | 10 759 | USD | 61.63 | 2 569 786.11 | 2.11 |
| Hewlett Packard Enterprise Co.  ......................  | Count | 175 012 | 213 441 | 38 429 | USD | 13.12 | 2 296 157.44 | 1.88 |
| Intel Corp. .......................................  | Count | 62 261 | 19 642 | 16 322 | USD | 36.84 | 2 293 695.24 | 1.88 |
| Johnson & Johnson  ...............................  | Count | 15 038 | 20 445 | 5 407 | USD | 176.37 | 2 652 252.06 | 2.18 |
| LyondellBasell Industries NV .........................  | Count | 25 084 | 4 949 | 12 858 | USD | 86.56 | 2 171 271.04 | 1.78 |
| Marathon Petroleum Corp. ..........................  | Count | 27 318 | 28 430 | 1 112 | USD | 83.48 | 2 280 506.64 | 1.87 |
| Merck & Co, Inc. ..................................  | Count | 28 564 | 6 734 | 14 571 | USD | 92.29 | 2 636 171.56 | 2.16 |
| ONEOK, Inc. .....................................  | Count | 41 344 | 10 435 | 16 653 | USD | 55.79 | 2 306 581.76 | 1.89 |
| Pfizer, Inc. .......................................  | Count | 51 654 | 9 470 | 15 274 | USD | 51.5 | 2 660 181.00 | 2.18 |
| Pioneer Natural Resources Co. .......................  | Count | 10 040 | 10 445 | 405 | USD | 224.48 | 2 253 779.20 | 1.85 |
| Stanley Black & Decker, Inc. .........................  | Count | 22 646 | 23 573 | 927 | USD | 103.95 | 2 354 051.70 | 1.93 |
| Whirlpool Corp. ...................................  | Count | 15 225 | 5 776 | 3 281 | USD | 152.22 | 2 317 549.50 | 1.90 |
| Investment fund units |  |  |  |  |  |  | 10 243.81 | 0.01 |
| In-group fund units Deutsche Global Liquidity Series PLC - Deutsche Managed Dollar Fund -Z- USD - (0.100%) ........................  | Units | 1 | 2 000 | 1 999 | USD | 10 431.58 | 10 243.81 | 0.01 |
| Total securities portfolio |  |  |  |  |  |  | 121 949 765.60 | 100.01 |
| Cash at bank |  |  |  |  |  |  | 190 571.83 | 0.16 |
| Demand deposits at Depositary EUR deposits......................................  | EUR | 25 223 |  |  |  |  | 26 270.50 | 0.02 |
| Deposits in other EU/EEA currencies |  |  |  |  |  |  |  |  |
| Danish krone ......................................  | DKK | 5 005 |  |  |  |  | 700.76 | 0.00 |
| Norwegian krone ...................................  | NOK | 104 068 |  |  |  |  | 10 494.45 | 0.01 |
| Swedish krona .....................................  | SEK | 109 478 |  |  |  |  | 10 646.31 | 0.01 |

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 | 20 820 |  | 14 370.65 | 0.01 |
| British pound .....................................  | GBP | 17 898 |  | 21 766.43 | 0.02 |
| Hong Kong dollar ..................................  | HKD | 4 000 |  | 509.83 | 0.00 |
| Israeli shekel ......................................  | ILS | 1 018 |  | 290.78 | 0.00 |
| Japanese yen......................................  | JPY | 85 222 |  | 627.02 | 0.00 |
| Canadian dollar ....................................  | CAD | 930 |  | 721.47 | 0.00 |
| Swiss franc .......................................  | CHF | 16 599 |  | 17 367.20 | 0.02 |
| Singapore dollar ...................................  | SGD | 915 |  | 656.86 | 0.00 |
| U.S. dollar ........................................  | USD |  |  | 86 149.57 | 0.07 |
| Other assets |  |  |  | 267 825.38 | 0.22 |
| Dividends/Distributions receivable .....................  |  |  |  | 197 654.19 | 0.16 |
| Receivables from exceeding the expense cap ............  |  |  |  | 34.92 | 0.00 |
| Other receivables ..................................  |  |  |  | 70 136.27 | 0.06 |
| Receivables from share certificate transactions |  |  |  | 1 067.68 | 0.00 |
| Total assets |  |  |  | 122 409 230.49 | 100.39 |
| Other liabilities |  |  |  | -248 047.93 | -0.21 |
| Liabilities from cost items ...........................  |  |  |  | -213 015.82 | -0.18 |
| Additional other liabilities.............................  |  |  |  | -35 032.11 | -0.03 |
| Liabilities from share certificate transactions |  |  |  | -222 332.59 | -0.18 |
| Total liabilities |  |  |  | -470 380.52 | -0.39 |
| Net assets |  |  |  | 121 938 849.97 | 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 | 204.25 |
| Class ID ..........................................  | EUR | 132.21 |
| Class LC .........................................  | EUR | 197.19 |
| Class LD .........................................  | EUR | 154.07 |
| Class TFC.........................................  | EUR | 182.14 |
| Class GBP IC ......................................  | GBP | 223.85 |
| Class GBP ID ......................................  | GBP | 178.28 |
| Class GBP LC .....................................  | GBP | 210.15 |
| Class USD IC ......................................  | USD | 173.25 |
| Class USD LC .....................................  | USD | 161.27 |
| Class USD LDQ ....................................  | USD | 99.17 |
| Number of shares outstanding Class IC ..........................................  | Count | 348 829.648 |
| Class ID ..........................................  | Count | 13 940.000 |
| Class LC .........................................  | Count | 36 092.266 |
| Class LD .........................................  | Count | 128 383.072 |
| Class TFC.........................................  | Count | 50 384.626 |
| Class GBP IC ......................................  | Count | 40.000 |
| Class GBP ID ......................................  | Count | 1 418.983 |
| Class GBP LC .....................................  | Count | 230.000 |
| Class USD IC ......................................  | Count | 27 163.213 |
| Class USD LC .....................................  | Count | 18 095.817 |
| Class USD LDQ ....................................  | Count | 2 391.652 |

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 ..................... . | % | 68.628 |
| --- | --- | --- |
| Highest market risk exposure ..................... . | % | 90.496 |
| Average market risk exposuree ................... . | % | 81.514 |

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 USD 0.00 as of the reporting date.
 Exchange rates (indirect quotes)	
As of June 30, 2022
| Australian dollar ..................     | AUD | 1.448750 | = | USD | 1 |
| --- | --- | --- | --- | --- | --- |
| Canadian dollar ..................  | CAD | 1.289450 | = | USD | 1 |
| Swiss franc .....................  | CHF | 0.955750 | = | USD | 1 |
| Danish krone ....................  | DKK | 7.141950 | = | USD | 1 |
| Euro ..........................  | EUR | 0.960108 | = | USD | 1 |
| British pound ...................  | GBP | 0.822267 | = | USD | 1 |
| Hong Kong dollar ................  | HKD | 7.846400 | = | USD | 1 |
| Israeli shekel ....................  | ILS | 3.502250 | = | USD | 1 |
| Japanese yen ...................  | JPY | 135.915000 | = | USD | 1 |
| Norwegian krone .................  | NOK | 9.916500 | = | USD | 1 |
| Swedish krona...................  | SEK | 10.283200 | = | USD | 1 |
| Singapore dollar .................  | SGD | 1.392850 | = | 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 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.

Translation (ENDE, 2022-06-30):
# 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 | -11,2% |
| Klasse USD IC | LU1769944015 | -10,9% |
| Klasse USD LDQ | LU1769944288 | -11,2% |
| Klasse IC 1) | LU1769943553 | -3,0% |
| Klasse ID 1) | LU1769943637 | -3,0% |
| Klasse LC 1) | LU1769943710 | -3,4% |
| Klasse LD 1) | LU1769943801 | -3,4% |
| Klasse TFC 1) | LU1769943983 | -3,0% |
| Klasse GBP IC 2) | LU1769943124 | -0,9% |
| Klasse GBP ID 2) | LU1769943397 | -1,0% |
| Klasse GBP LC 2) | LU1769943470 | -1,3% |
| Klasse GBP TFC 2) | LU1769943041 | 0,0% 3) |
| MSCI World (NDR) |  | -20,6% |

1) 
in EUR
2) 
in GBP
3) 
letzte Anteilpreisberechnung am 31.1.2022
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 Global Dividends
| Vermögensübersicht zum 30.6.2022 |  |
| --- | --- |
|  | Bestand in USD | %-Anteil am Fondsvermögen |
| I. Vermögensgegenstände |  |  |
| 1. Aktien (Branchen) Informationstechnologie | 6 462 046,33 | 5,30 |
| Telekommunikationsdienste | 2 473 200,41 | 2,03 |
| Dauerhafte Konsumgüter | 38 406 402,82 | 31,50 |
| Energie | 19 713 183,38 | 16,17 |
| Hauptverbrauchsgüter | 22 292 730,86 | 18,28 |
| Grundstoffe | 9 025 633,08 | 7,40 |
| Industrien | 23 566 324,91 | 19,32 |
| Summe Aktien | 121 939 521,79 | 100,00 |
| 2. Investmentanteile Sonstige Fonds | 10 243,81 | 0,01 |
| Summe Investmentanteile | 10 243,81 | 0,01 |
| 3. Bankguthaben | 190 571,83 | 0,16 |
| 4. Sonstige Vermögensgegenstände | 267 825,38 | 0,22 |
| 5. Forderungen aus Anteilscheingeschäften | 1 067,68 | 0,00 |
| II. Verbindlichkeiten |  |  |
| 1. Sonstige Verbindlichkeiten | -248 047,93 | -0,21 |
| 2. Verbindlichkeiten aus Anteilscheingeschäften | -222 332,59 | -0,18 |
| III. Fondsvermögen | 121 938 849,97 | 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	USD	vermögen |
| Börsengehandelte Wertpapiere |  |  |  |  |  |  | 121 939 521,79 | 100,00 |
| Aktien BHP Group Ltd  ...................................  | Stück | 80 222 | 106 848 | 26 626 | AUD | 41,25 | 2 284 146,68 | 1,87 |
| Sonic Healthcare Ltd  ..............................  | Stück | 103 141 | 31 850 | 26 838 | AUD | 33,01 | 2 350 084,15 | 1,93 |
| Woodside Energy Group Ltd  ........................  | Stück | 138 665 | 144 044 | 5 379 | AUD | 31,84 | 3 047 519,31 | 2,50 |
| Kuehne + Nagel International AG  ....................  | Stück | 10 199 | 10 591 | 392 | CHF | 225 | 2 401 020,14 | 1,97 |
| LafargeHolcim Ltd  ................................  | Stück | 54 283 | 12 707 | 16 455 | CHF | 40,05 | 2 274 689,14 | 1,87 |
| Novartis AG  .....................................  | Stück | 29 678 | 5 798 | 11 681 | CHF | 80,33 | 2 494 411,45 | 2,05 |
| Roche Holding AG  ................................  | Stück | 8 027 | 2 688 | 1 971 | CHF | 316 | 2 653 970,18 | 2,18 |
| Cie de Saint-Gobain  ...............................  | Stück | 48 503 | 56 951 | 8 448 | EUR | 40,11 | 2 026 288,01 | 1,66 |
| Cie Generale des Etablissements Michelin SCA .........  | Stück | 85 716 | 87 540 | 1 824 | EUR | 25,49 | 2 275 682,36 | 1,87 |
| CRH PLC  .......................................  | Stück | 66 838 | 22 376 | 14 696 | EUR | 32,28 | 2 247 174,94 | 1,84 |
| Deutsche Post AG  ................................  | Stück | 65 898 | 33 256 | 12 488 | EUR | 35,225 | 2 417 704,10 | 1,98 |
| Henkel AG & Co. KGaA  ............................  | Stück | 40 124 | 14 982 | 9 079 | EUR | 58,68 | 2 452 303,62 | 2,01 |
| Kering SA  .......................................  | Stück | 5 440 | 5 665 | 225 | EUR | 484,95 | 2 747 740,88 | 2,25 |
| Sanofi ..........................................  | Stück | 24 689 | 34 219 | 38 533 | EUR | 96,5 | 2 481 479,69 | 2,03 |
| TotalEnergies SE  .................................  | Stück | 48 556 | 61 755 | 13 199 | EUR | 50,47 | 2 552 443,39 | 2,09 |
| Glencore PLC  ....................................  | Stück | 420 653 | 621 194 | 200 541 | GBP | 4,388 | 2 244 774,91 | 1,84 |
| GSK PLC  ........................................  | Stück | 120 932 | 18 108 | 39 690 | GBP | 17,568 | 2 583 751,24 | 2,12 |
| Next PLC  .......................................  | Stück | 34 092 | 40 108 | 6 016 | GBP | 57,66 | 2 390 640,41 | 1,96 |
| Rio Tinto PLC  ....................................  | Stück | 39 167 | 6 929 | 16 439 | GBP | 48,82 | 2 325 440,45 | 1,91 |
| Shell PLC  .......................................  | Stück | 89 932 | 94 353 | 4 421 | GBP | 21,385 | 2 338 894,57 | 1,92 |
| Bridgestone Corp.  ................................  | Stück | 69 340 | 73 773 | 4 433 | JPY | 4 950 | 2 525 350,40 | 2,07 |
| ITOCHU Corp.  ...................................  | Stück | 93 319 | 21 255 | 26 034 | JPY | 3 667 | 2 517 755,75 | 2,06 |
| Komatsu Ltd .....................................  | Stück | 106 066 | 114 742 | 8 676 | JPY | 3 008 | 2 347 397,48 | 1,93 |
| Kyocera Corp. ....................................  | Stück | 47 781 | 58 088 | 10 307 | JPY | 7 256 | 2 550 851,16 | 2,09 |
| Nintendo Co., Ltd .................................  | Stück | 5 594 | 1 360 | 2 198 | JPY | 58 680 | 2 415 155,94 | 1,98 |
| Sekisui House Ltd  ................................  | Stück | 151 304 | 49 835 | 37 155 | JPY | 2 377 | 2 645 579,63 | 2,17 |
| Takeda Pharmaceutical Co., Ltd ......................  | Stück | 90 570 | 18 507 | 30 919 | JPY | 3 818 | 2 544 209,69 | 2,09 |
| TDK Corp. .......................................  | Stück | 78 044 | 83 281 | 5 237 | JPY | 4 190 | 2 405 947,54 | 1,97 |
| Tokyo Electron Ltd  ................................  | Stück | 5 744 | 6 150 | 406 | JPY | 44 300 | 1 872 193,65 | 1,54 |
| Equinor ASA  .....................................  | Stück | 76 471 | 80 829 | 4 358 | NOK | 344,1 | 2 653 524,04 | 2,18 |
| Telefonaktiebolaget LM Ericsson -B-  ..................  | Stück | 334 461 | 134 638 | 65 385 | SEK | 76,04 | 2 473 200,41 | 2,03 |
| AbbVie, Inc.  .....................................  | Stück | 17 243 | 2 789 | 10 655 | USD | 152,29 | 2 625 936,47 | 2,15 |
| Amgen, Inc.  .....................................  | Stück | 10 688 | 1 614 | 5 092 | USD | 241,94 | 2 585 854,72 | 2,12 |
| Bristol-Myers Squibb Co.  ...........................  | Stück | 34 437 | 6 103 | 22 134 | USD | 76,9 | 2 648 205,30 | 2,17 |
| Cardinal Health, Inc. ...............................  | Stück | 46 863 | 7 070 | 20 469 | USD | 52,66 | 2 467 805,58 | 2,02 |
| ConocoPhillips  ...................................  | Stück | 25 201 | 26 224 | 1 023 | USD | 90,47 | 2 279 934,47 | 1,87 |
| Cummins, Inc.  ...................................  | Stück | 12 961 | 3 216 | 3 291 | USD | 189,59 | 2 457 275,99 | 2,02 |
| Garmin Ltd  ......................................  | Stück | 26 085 | 30 775 | 4 690 | USD | 97,42 | 2 541 200,70 | 2,08 |
| Gilead Sciences, Inc.  ..............................  | Stück | 41 697 | 9 666 | 10 759 | USD | 61,63 | 2 569 786,11 | 2,11 |
| Hewlett Packard Enterprise Co.  ......................  | Stück | 175 012 | 213 441 | 38 429 | USD | 13,12 | 2 296 157,44 | 1,88 |
| Intel Corp. .......................................  | Stück | 62 261 | 19 642 | 16 322 | USD | 36,84 | 2 293 695,24 | 1,88 |
| Johnson & Johnson  ...............................  | Stück | 15 038 | 20 445 | 5 407 | USD | 176,37 | 2 652 252,06 | 2,18 |
| LyondellBasell Industries NV  ........................  | Stück | 25 084 | 4 949 | 12 858 | USD | 86,56 | 2 171 271,04 | 1,78 |
| Marathon Petroleum Corp.  .........................  | Stück | 27 318 | 28 430 | 1 112 | USD | 83,48 | 2 280 506,64 | 1,87 |
| Merck & Co, Inc.  .................................  | Stück | 28 564 | 6 734 | 14 571 | USD | 92,29 | 2 636 171,56 | 2,16 |
| ONEOK, Inc. .....................................  | Stück | 41 344 | 10 435 | 16 653 | USD | 55,79 | 2 306 581,76 | 1,89 |
| Pfizer, Inc.  ......................................  | Stück | 51 654 | 9 470 | 15 274 | USD | 51,5 | 2 660 181,00 | 2,18 |
| Pioneer Natural Resources Co.  ......................  | Stück | 10 040 | 10 445 | 405 | USD | 224,48 | 2 253 779,20 | 1,85 |
| Stanley Black & Decker, Inc.  ........................  | Stück | 22 646 | 23 573 | 927 | USD | 103,95 | 2 354 051,70 | 1,93 |
| Whirlpool Corp.  ..................................  | Stück | 15 225 | 5 776 | 3 281 | USD | 152,22 | 2 317 549,50 | 1,90 |
| Investmentanteile |  |  |  |  |  |  | 10 243,81 | 0,01 |
| Gruppeneigene Investmentanteile Deutsche Global Liquidity Series PLC - Deutsche Managed Dollar Fund -Z- USD - (0,100%) .......................  | Anteile | 1 | 2 000 | 1 999 | USD | 10 431,58 | 10 243,81 | 0,01 |
| Summe Wertpapiervermögen |  |  |  |  |  |  | 121 949 765,60 | 100,01 |
| Bankguthaben |  |  |  |  |  |  | 190 571,83 | 0,16 |
| Verwahrstelle (täglich fällig) EUR-Guthaben ....................................  | EUR | 25 223 |  |  |  |  | 26 270,50 | 0,02 |
| Guthaben in sonstigen EU/EWR-Währungen |  |  |  |  |  |  |  |  |
| Dänische Kronen ..................................  | DKK | 5 005 |  |  |  |  | 700,76 | 0,00 |
| Norwegische Kronen ...............................  | NOK | 104 068 |  |  |  |  | 10 494,45 | 0,01 |
| Schwedische Kronen ...............................  | SEK | 109 478 |  |  |  |  | 10 646,31 | 0,01 |

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 | 20 820 |  | 14 370,65 | 0,01 |
| Britisches Pfund ...................................  | GBP | 17 898 |  | 21 766,43 | 0,02 |
| Hongkong Dollar ...................................  | HKD | 4 000 |  | 509,83 | 0,00 |
| Israelischer Schekel ................................  | ILS | 1 018 |  | 290,78 | 0,00 |
| Japanischer Yen ...................................  | JPY | 85 222 |  | 627,02 | 0,00 |
| Kanadischer Dollar .................................  | CAD | 930 |  | 721,47 | 0,00 |
| Schweizer Franken .................................  | CHF | 16 599 |  | 17 367,20 | 0,02 |
| Singapur Dollar ....................................  | SGD | 915 |  | 656,86 | 0,00 |
| US-Dollar ........................................  | USD |  |  | 86 149,57 | 0,07 |
| Sonstige Vermögensgegenstände |  |  |  | 267 825,38 | 0,22 |
| Dividenden- / Ausschüttungsansprüche .................  |  |  |  | 197 654,19 | 0,16 |
| Forderungen aus der Überschreitung des „Expense Cap“ ..  |  |  |  | 34,92 | 0,00 |
| Sonstige Ansprüche ................................  |  |  |  | 70 136,27 | 0,06 |
| Forderungen aus Anteilscheingeschäften |  |  |  | 1 067,68 | 0,00 |
| Summe der Vermögensgegenstände |  |  |  | 122 409 230,49 | 100,39 |
| Sonstige Verbindlichkeiten |  |  |  | -248 047,93 | -0,21 |
| Verbindlichkeiten aus Kostenpositionen ................  |  |  |  | -213 015,82 | -0,18 |
| Andere sonstige Verbindlichkeiten .....................  |  |  |  | -35 032,11 | -0,03 |
| Verbindlichkeiten aus Anteilscheingeschäften |  |  |  | -222 332,59 | -0,18 |
| Summe der Verbindlichkeiten |  |  |  | -470 380,52 | -0,39 |
| Fondsvermögen |  |  |  | 121 938 849,97 | 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 | 204,25 |
| Klasse ID ........................................  | EUR | 132,21 |
| Klasse LC ........................................  | EUR | 197,19 |
| Klasse LD ........................................  | EUR | 154,07 |
| Klasse TFC .......................................  | EUR | 182,14 |
| Klasse GBP IC ....................................  | GBP | 223,85 |
| Klasse GBP ID ....................................  | GBP | 178,28 |
| Klasse GBP LC ....................................  | GBP | 210,15 |
| Klasse USD IC ....................................  | USD | 173,25 |
| Klasse USD LC ....................................  | USD | 161,27 |
| Klasse USD LDQ ..................................  | USD | 99,17 |
| Umlaufende Anteile Klasse IC .........................................  | Stück | 348 829,648 |
| Klasse ID ........................................  | Stück | 13 940,000 |
| Klasse LC ........................................  | Stück | 36 092,266 |
| Klasse LD ........................................  | Stück | 128 383,072 |
| Klasse TFC .......................................  | Stück | 50 384,626 |
| Klasse GBP IC ....................................  | Stück | 40,000 |
| Klasse GBP ID ....................................  | Stück | 1 418,983 |
| Klasse GBP LC ....................................  | Stück | 230,000 |
| Klasse USD IC ....................................  | Stück | 27 163,213 |
| Klasse USD LC ....................................  | Stück | 18 095,817 |
| Klasse USD LDQ ..................................  | Stück | 2 391,652 |

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 ................. . | % | 68,628 |
| --- | --- | --- |
| größter potenzieller Risikobetrag ................. . | % | 90,496 |
| durchschnittlicher potenzieller Risikobetrag . . . . . . . . . . | % | 81,514 |

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 USD 0,00.
 Devisenkurse (in Mengennotiz)	
per 30.6.2022
| Australischer Dollar ..............  | AUD | 1,448750 | = | USD | 1 |
| --- | --- | --- | --- | --- | --- |
| Kanadischer Dollar ...............  | CAD | 1,289450 | = | USD | 1 |
| Schweizer Franken ...............  | CHF | 0,955750 | = | USD | 1 |
| Dänische Kronen ................  | DKK | 7,141950 | = | USD | 1 |
| Euro ..........................  | EUR | 0,960108 | = | USD | 1 |
| Britisches Pfund .................  | GBP | 0,822267 | = | USD | 1 |
| Hongkong Dollar .................  | HKD | 7,846400 | = | USD | 1 |
| Israelischer Schekel ..............  | ILS | 3,502250 | = | USD | 1 |
| Japanischer Yen .................  | JPY | 135,915000 | = | USD | 1 |
| Norwegische Kronen .............  | NOK | 9,916500 | = | USD | 1 |
| Schwedische Kronen .............  | SEK | 10,283200 | = | USD | 1 |
| Singapur Dollar ..................  | SGD | 1,392850 | = | 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 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.