UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

**FORM N-Q**

**QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED**

**MANAGEMENT INVESTMENT COMPANY**

**_______________________________**

Investment Company Act file number 811-4670

DWS Global/International Fund, Inc.

(Exact name of registrant as specified in charter)

 

345 Park Avenue

New York, NY 10154

(Address of principal executive offices)             (Zip code)

 

Paul Schubert

345 Park Avenue

New York, NY 10154-0004

(Name and address of agent for service)

Registrant's telephone number, including area code: (212) 454-7190

Date of fiscal year end: 12/31

Date of reporting period:3/31/09

 

ITEM 1. SCHEDULE OF INVESTMENTS

| Investment Portfolio | **as of March 31, 2009 (Unaudited)** |
|----------------------|--------------------------------------|

 

 

**DWS RREEF Global Infrastructure Fund**

 

 

|                                                    | **Shares**              |          | **Value ($)** |
|---------------------------------------------------------|-------------------------|---------------|---------------|
|                                                         |
|                                                    | **Common Stocks 97.4%** |          |
| **Australia 3.5%**                                      |                    |
| Transurban Group (Unit) (Cost $1,803,456)               |                    | 649,619       |          | **2,115,292** |
| **Canada 10.2%**                                        |                    |
| Enbridge, Inc.                                          |                    | 149,600       |          | 4,313,103 |
| Fortis, Inc.                                            |                    | 51,350        |          | 901,720 |
| TransCanada Corp.                                       |                    | 36,100        |          | 854,111 |
|                                                         |
| (Cost $6,866,820)                                       |                    | **6,068,934** |
| **France 1.3%**                                         |                    |
| Societe des Autoroutes Paris-Rhin-Rhone (Cost $697,394) |                    | 12,280        |          | **782,801** |
| **Hong Kong 3.1%**                                      |                    |
| Hong Kong & China Gas Co., Ltd. (Cost $1,794,518)   |                    | 1,177,000     |          | **1,862,088** |
|                                                         |                         |               |               |  |  |  |  |  |

 

 

 

| **Italy 2.2%**                                                                                                                                                                                      |                      |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------|
| Terna-Rete Elettrica Nationale SpA (Cost $1,301,032)                                                                                                                                                |                      | 425,000 |   | **1,323,950** |
| **Luxembourg 4.2%**                                                                                                                                                                                 |                      |
| SES "A" (FDR) (Cost $2,418,107)                                                                                                                                                                     |                      | 131,450 |   | **2,513,216** |
| **Mexico 1.0%**                                                                                                                                                                                     |                      |
| Grupo Aeroportuario del Sureste SAB de CV "B" (ADR) (Cost $623,175)                                                                                                                                 |                      | 20,350 |   | **585,673** |
| **Netherlands 2.6%**                                                                                                                                                                                |                      |
| Koninklijke Vopak NV (Cost $1,164,043)                                                                                                                                                              |                      | 37,980 |   | **1,519,941** |
| **Portugal 2.7%**                                                                                                                                                                                   |                      |
| Brisa (Cost $1,642,112)                                                                                                                                                                             |                      | 234,000 |   | **1,613,643** |
| **Spain 8.9%**                                                                                                                                                                                      |                      |
| Abertis Infraestructuras SA                                                                                                                                                                         |                      | 37,830 |   | 591,421 |
| Enagas                                                                                                                                                                                              |                      | 176,000 |   | 2,496,414 |
| Red Electrica Corporacion SA                                                                                                                                                                        |                      | 56,900 |   | 2,221,188 |
|                                                                                                                                                                                                     |
| (Cost $6,147,086)                                                                                                                                                                                   |                      | **5,309,023** |
| **Switzerland 1.3%**                                                                                                                                                                                |                      |
| Flughafen Zuerich AG (Registered) (Cost $899,713)                                                                                                                                                   |                      | 4,300 |   | **774,513** |
| **United Kingdom 18.9%**                                                                                                                                                                            |                      |
| Inmarsat PLC                                                                                                                                                                                        |                      | 129,680 |   | 910,847 |
| National Grid PLC                                                                                                                                                                                   |                      | 827,500 |   | 6,362,069 |
| Pennon Group PLC                                                                                                                                                                                    |                      | 234,600 |   | 1,355,976 |
| Severn Trent PLC                                                                                                                                                                                    |                      | 162,100 |   | 2,298,615 |
| United Utilities Group PLC                                                                                                                                                                          |                      | 49,400 |   | 342,250 |
|                                                                                                                                                                                                     |
| (Cost $13,111,176)                                                                                                                                                                                  |                      | **11,269,757** |
| **United States 37.5%**                                                                                                                                                                             |                      |
| AGL Resources, Inc.                                                                                                                                                                                 |                      | 22,650 |   | 600,905 |
| American Tower Corp. "A"*                                                                                                                                                                           |                      | 116,425 |   | 3,542,813 |
| Aqua America, Inc.                                                                                                                                                                                  |                      | 15,650 |   | 313,000 |
| Atmos Energy Corp.                                                                                                                                                                                  |                      | 26,100 |   | 603,432 |
| CenterPoint Energy, Inc.                                                                                                                                                                            |                      | 171,750 |   | 1,791,352 |
| Consolidated Edison, Inc.                                                                                                                                                                           |                      | 39,850 |   | 1,578,459 |
| Crown Castle International Corp.*                                                                                                                                                                   |                      | 159,625 |   | 3,257,946 |
| ITC Holdings Corp.                                                                                                                                                                                  |                      | 30,200 |   | 1,317,324 |
| Northeast Utilities                                                                                                                                                                                 |                      | 132,300 |   | 2,856,357 |
| NSTAR                                                                                                                                                                                               |                      | 53,100 |   | 1,692,828 |
| PG&E Corp.                                                                                                                                                                                      |                      | 30,200 |   | 1,154,244 |
| Plains All American Pipeline LP                                                                                                                                                                     |                      | 6,450 |   | 237,102 |
| Southern Union Co.                                                                                                                                                                                  |                      | 19,550 |   | 297,551 |
| Spectra Energy Corp.                                                                                                                                                                                |                      | 134,050 |   | 1,895,467 |
| Wisconsin Energy Corp.                                                                                                                                                                              |                      | 30,300 |   | 1,247,451 |
|                                                                                                                                                                                                     |
| (Cost $20,986,585)                                                                                                                                                                                  |                      | **22,386,231** |
|                                                                                                                                                                                                     |
| **Total Common Stocks**(Cost $59,455,217)                                                                                                                                                           |                      | **58,125,062** |
|                                                                                                                                                                                                | **Cash Equivalents 1.1%** |   |
| Cash Management QP Trust, 0.53% (a)(Cost $641,954)                                                                                                                                                  |                      |   | 641,954 |   | **641,954** |
|                                                                                                                                                                                                | **% of****Net Assets**    |   | **Value ($)** |
|                                                                                                                                                                                                     |
| **Total Investment Portfolio**(Cost $60,097,171) †                                                                                                                                           | 98.5                      |   | **58,767,016** |
| **Other Assets and Liabilities, Net**                                                                                                                                                               | 1.5                       |   | **924,726** |
|                                                                                                                                                                                                     |
| **Net Assets**                                                                                                                                                                                      | 100.0                     |   | **59,691,742** |
| *Portfolio holdings in real estate entities outside the United States are generally organized as either corporations, trusts or partnerships subject to the tax laws of their country of domicile.* |
|                                                                                                                                                                                                     |                           |  |  |  |  |  |  |  |  |  |

 

 

 

| *For information on the Fund's policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements.* |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ***                                                                                                                                                                                                           | *Non-income producing security.* |
| *†*                                                                                                                                                                                                    | *The cost for federal income tax purposes was $70,560,937. At March 31, 2009, net unrealized depreciation for all securities based on tax cost was $11,793,921. This consisted of aggregate gross unrealized appreciation for all securities in which there was an excess of value over tax cost of $3,289,168 and aggregate gross unrealized depreciation for all securities in which there was an excess of tax cost over value of $15,083,089.* |
| *(a)*                                                                                                                                                                                                         | *Affiliated fund managed by Deutsche Investment Management Americas Inc. The rate shown is the annualized seven-day yield at period end.* |
| *ADR: American Depositary Receipt*                                                                                                                                                                            |
| *FDR: Fiduciary Depositary Receipt*                                                                                                                                                                           |
|                                                                                                                                                                                                          |

 

 

*At March 31, 2009, the DWS RREEF Global Infrastructure Fund had the following sector diversification:*

 

| **Sector**                 | **Market Value ($)** |           | **As a % of Common Stocks** |
|----------------------------|----------------------|----------------|-----------------------------|
| Utilities                  |                 | 32,319,622     |                        | 55.6 | % |
| Industrials                |                 | 7,983,284      |                        | 13.7 | % |
| Telecommunication Services |                 | 7,711,606      |                        | 13.3 | % |
| Energy                     |                 | 7,597,334      |                        | 13.1 | % |
| Consumer Discretionary     |                 | 2,513,216      |                        | 4.3 | % |
| **Total**                  |                 | **58,125,062** |                        | **100.0** | **%** |

 

***Fair Value Measurements***

 

*Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, “Fair Value Measurements,” establishes a three-tier hierarchy for measuring fair value and requires additional disclosure about the classification of fair value measurements.*

*Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, and credit risk). Level 3 includes significant unobservable inputs        (including the Fund's own assumptions in determining the fair value of investments). The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.*

*The following is a summary of the inputs used as of March 31, 2009 in valuing the Fund's investments.*

 

| **Valuation Inputs** | **Investments in Securities** |
|----------------------|-------------------------------|
| Level 1              | $ 29,040,838                  |
| Level 2              | 29,726,178                    |
| Level 3              | -                             |
| **Total**            | **$ 58,767,016**              |

 

 

| **ITEM 2.** | **CONTROLS AND PROCEDURES**                                                                                                                                                                                                                                                                                                                                                              |
|-------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|        |                                                                                                                                                                                                                                                                                                                                                                                     |
|        | (a)          The Chief Executive and Financial Officers concluded that the Registrant’s Disclosure Controls and Procedures are effective based on the evaluation of the Disclosure Controls and Procedures as of a date within 90 days of the filing date of this report.                                                             |
|        |                                                                                                                                                                                                                                                                                                                                                                                     |
|        | (b)         There have been no changes in the registrant’s internal control over financial reporting that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal controls over financial                        reporting. |
|        |                                                                                                                                                                                                                                                                                                                                                                                     |
| **ITEM 3.** | **EXHIBITS**                                                                                                                                                                                                                                                                                                                                                                             |
|        |                                                                                                                                                                                                                                                                                                                                                                                     |
|        | Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.                                                                                                                                                                                                                                  |

 

 

**SIGNATURES**

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

| Registrant: | DWS RREEF Global Infrastructure Fund, a series of DWS Global/International Fund, Inc. |
|-------------|---------------------------------------------------------------------------------------|

 

 

| By: | /s/Michael G. Clark |
|-----|---------------------|

|   | Michael G. Clark |
|--------|------------------|

President

 

| Date: | May 20, 2009 |
|-------|--------------|

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

| Registrant: | DWS RREEF Global Infrastructure Fund, a series of DWS Global/International Fund, Inc. |
|-------------|---------------------------------------------------------------------------------------|

 

 

| By: | /s/Michael G. Clark |
|-----|---------------------|

|   | Michael G. Clark |
|--------|------------------|

President

 

| Date: | May 20, 2009 |
|-------|--------------|

 

 

| By: | /s/Paul Schubert |
|-----|------------------|

|   | Paul Schubert |
|--------|---------------|

Chief Financial Officer and Treasurer

 

Date:                                        May 20, 2009