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:  10/31

Date of reporting period: 7/31/09

 

ITEM 1.  SCHEDULE OF INVESTMENTS

 

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

 

**DWS Global Bond Fund**

 

|   | **Principal****Amount ($) (a)** |   | **Value ($)** |  
 

**Bonds 95.1%**

 
**Australia 0.4%**

 
St. George Bank Ltd., 6.5%, 6/24/2013 (Cost $697,674)

EUR

 

450,000 

 

**700,806**

 
**Austria 1.5%**

 
Republic of Austria, 144A, 4.0%, 9/15/2016 (Cost $2,264,822)

EUR

 

1,740,000 

 

**2,571,186**

 
**Canada 3.8%**

 
Government of Canada:

 
 

4.25%, 6/1/2018  

CAD

 

3,500,000 

 

3,471,149 

 
 

5.0%, 6/1/2014  

CAD

 

1,990,000 

 

2,045,400 

 
 

Series WL43, 5.75%, 6/1/2029  

CAD

 

590,000 

 

672,581 

 
Talisman Energy, Inc., 7.75%, 6/1/2019 

 

 

157,000 

 

183,632 

 
(Cost $5,694,330)

 

**6,372,762**

 
 

 

**Chile 0.8%**

 
Corporacion Nacional del Cobre - Codelco, REG S, 7.5%, 1/15/2019 (Cost $1,283,846)

 

 

1,150,000 

 

**1,331,311**

 
**El Salvador 0.0%**

 
Republic of El Salvador, REG S, 8.25%, 4/10/2032 (Cost $21,032)

 

 

20,000 

 

**18,800**

 
**France 5.3%**

 
Government of France:

 
 

3.5%, 4/25/2015  

EUR

 

2,500,000 

 

3,699,044 

 
 

4.25%, 10/25/2023  

EUR

 

3,480,000 

 

5,136,768 

 
(Cost $8,251,343)

 

**8,835,812**

 
**Germany 5.2%**

 
Federal Republic of Germany, Series 152, 3.5%, 4/12/2013 

EUR

 

2,000,000 

 

2,991,760 

 
Kreditanstalt fuer Wiederaufbau, 0.75%, 3/22/2011 

JPY

 

546,000,000 

 

5,779,989 

 
(Cost $7,907,071)

 

**8,771,749**

 
**Greece 1.0%**

 
Republic of Greece:

 
 

4.3%, 7/20/2017  

EUR

 

715,000 

 

1,038,961 

 
 

4.5%, 9/20/2037  

EUR

 

485,000 

 

617,387 

 
(Cost $1,706,459)

 

**1,656,348**

 
**Indonesia 1.2%**

 
Republic of Indonesia:

 
 

REG S, 6.625%, 2/17/2037  

 

 

1,380,000 

 

1,199,323 

 
 

REG S, 6.875%, 1/17/2018  

 

 

700,000 

 

710,500 

 
 

REG S, 8.5%, 10/12/2035  

 

 

130,000 

 

141,050 

 
(Cost $2,135,938)

 

**2,050,873**

 
**Ireland 1.8%**

 
Republic of Ireland, 5.9%, 10/18/2019 (Cost $2,917,666)

EUR

 

2,000,000 

 

**3,063,082**

 
**Italy 5.4%**

 
Buoni Poliennali Del Tesoro:

 
 

4.0%, 4/15/2012  

EUR

 

1,160,000 

 

1,739,834 

 
 

4.0%, 2/1/2017  

EUR

 

1,100,000 

 

1,623,958 

 
 

5.25%, 8/1/2017  

EUR

 

1,060,000 

 

1,680,391 

 
 

5.75%, 2/1/2033  

EUR

 

1,630,000 

 

2,550,938 

 
 

6.0%, 5/1/2031  

EUR

 

450,000 

 

726,407 

 
 

6.5%, 11/1/2027  

EUR

 

460,000 

 

782,235 

 
(Cost $8,893,603)

 

**9,103,763**

 
**Japan 12.9%**

 
Government of Japan:

 
 

Series 256, 1.4%, 12/20/2013  

JPY

 

642,000,000 

 

7,008,150 

 
 

Series 297, 1.4%, 12/20/2018  

JPY

 

1,030,000,000 

 

10,974,385 

 
 

Series 64, 1.9%, 9/20/2023  

JPY

 

55,000,000 

 

588,583 

 
 

Series 73, 2.0%, 12/20/2024  

JPY

 

83,000,000 

 

878,805 

 
 

Series 74, 2.1%, 12/20/2024  

JPY

 

202,000,000 

 

2,193,800 

 
(Cost $19,885,250)

 

**21,643,723**

 
**Luxembourg 1.2%**

 
European Investment Bank, 4.875%, 9/7/2016 

GBP

 

750,000 

 

1,319,691 

 
Telecom Italia Capital SA:

 
 

6.175%, 6/18/2014  

 

 

320,000 

 

343,778 

 
 

7.175%, 6/18/2019  

 

 

330,000 

 

367,618 

 
(Cost $2,094,457)

 

**2,031,087**

 
 

 

**Netherlands 8.3%**

 
Deutsche Telekom International Finance BV:

 
 

4.875%, 7/8/2014  

 

 

280,000 

 

290,732 

 
 

6.0%, 7/8/2019  

 

 

1,620,000 

 

1,745,331 

 
Government of Netherlands:

 
 

4.5%, 7/15/2017  

EUR

 

3,570,000 

 

5,496,453 

 
 

5.0%, 7/15/2011  

EUR

 

3,670,000 

 

5,595,230 

 
KazMunaiGaz Finance Sub BV, Series 1, REG S, 8.375%, 7/2/2013 

 

 

170,000 

 

159,910 

 
Majapahit Holding BV, REG S, 7.75%, 10/17/2016 

 

 

350,000 

 

340,856 

 
PACCAR Financial Europe BV, 5.125%, 5/19/2011 

EUR

 

250,000 

 

347,363 

 
(Cost $13,514,491)

 

**13,975,875**

 
**Norway 0.4%**

 
DnB NOR Bank ASA, 4.75%, 3/28/2011 (Cost $505,979)

EUR

 

400,000 

 

**591,614**

 
**Panama 0.1%**

 
Republic of Panama, 6.7%, 1/26/2036 (Cost $113,100)

 

 

120,000 

 

**120,900**

 
**Peru 1.8%**

 
Republic of Peru:

 
 

6.55%, 3/14/2037  

 

 

630,000 

 

620,550 

 
 

7.35%, 7/21/2025  

 

 

770,000 

 

832,755 

 
 

8.375%, 5/3/2016  

 

 

1,300,000 

 

1,521,000 

 
(Cost $2,914,861)

 

**2,974,305**

 
**Poland 0.2%**

 
Republic of Poland, 6.375%, 7/15/2019 (Cost $239,491)

 

 

240,000 

 

**248,592**

 
**Portugal 0.4%**

 
Portugal Obrigacoes do Tesouro, 4.35%, 10/16/2017 (Cost $642,971)

EUR

 

440,000 

 

**658,658**

 
**South Africa 1.1%**

 
Republic of South Africa, 6.875%, 5/27/2019 (Cost $1,735,500)

 

 

1,700,000 

 

**1,857,250**

 
**Spain 0.6%**

 
Santander International Debt SA, 5.625%, 2/14/2012 

EUR

 

450,000 

 

682,176 

 
Telefonica Emisiones SAU, 5.877%, 7/15/2019 

 

 

370,000 

 

405,778 

 
(Cost $1,070,915)

 

**1,087,954**

 
**Sweden 0.5%**

 
Government of Sweden, Series 1046, 5.5%, 10/8/2012 (Cost $1,002,429)

SEK

 

6,000,000 

 

**919,956**

 
**Ukraine 0.2%**

 
Government of Ukraine, REG S, 6.75%, 11/14/2017 (Cost $590,569)

 

 

590,000 

 

**413,000**

 
**United Kingdom 8.5%**

 
Aviva PLC, 5.7%, 9/29/2049 

EUR

 

450,000 

 

383,670 

 
Barclays Bank PLC:

 
 

Series 169, 4.25%, 10/27/2011  

EUR

 

150,000 

 

224,641 

 
 

5.2%, 7/10/2014  

 

 

335,000 

 

347,423 

 
Lloyds TSB Bank PLC, Series 2, 3.75%, 11/17/2011 

EUR

 

400,000 

 

592,662 

 
United Kingdom Treasury Bonds:

 
 

4.0%, 9/7/2016  

GBP

 

315,000 

 

546,676 

 
 

4.5%, 3/7/2013  

GBP

 

5,900,000 

 

10,447,587 

 
 

5.0%, 9/7/2014  

GBP

 

440,000 

 

805,889 

 
 

5.0%, 3/7/2025  

GBP

 

565,000 

 

1,007,370 

 
(Cost $13,779,360)

 

**14,355,918**

 
 

 

**United States 31.8%**

Allied Waste North America, Inc., 6.875%, 6/1/2017 

 

 

1,350,000 

 

1,383,750 

American Express Co., 7.0%, 3/19/2018 

 

 

1,099,000 

 

1,128,048 

Anheuser-Busch InBev Worldwide, Inc., 144A, 7.75%, 1/15/2019 

 

 

600,000 

 

700,798 

AT&T, Inc., 5.8%, 2/15/2019 

 

 

335,000 

 

363,009 

BA Credit Card Trust, Series 03A5, 4.15%, 4/19/2010 

EUR

 

900,000 

 

1,281,562 

Banc of America Commercial Mortgage, Inc.:

 
 

"A4", Series 2006-6, 5.356%, 10/10/2045  

 

 

150,000 

 

125,939 

 

"A4", Series 2007-4, 5.935% **, 2/10/2051  

 

 

950,000 

 

810,382 

Bank of America Corp., 5.75%, 12/1/2017 

 

 

950,000 

 

912,090 

Bank of New York Mellon Corp., 4.3%, 5/15/2014 

 

 

710,000 

 

736,175 

BB&T Corp., 6.85%, 4/30/2019 

 

 

415,000 

 

443,847 

Citigroup, Inc.:

 
 

6.125%, 5/15/2018  

 

 

1,000,000 

 

915,608 

 

8.125%, 7/15/2039  

 

 

710,000 

 

715,177 

ConocoPhillips, 6.0%, 1/15/2020 

 

 

650,000 

 

721,811 

Cox Communications, Inc., 7.125%, 10/1/2012 

 

 

650,000 

 

722,199 

DCP Midstream LLC, 144A, 9.75%, 3/15/2019 

 

 

1,410,000 

 

1,650,666 

Devon Energy Corp., 6.3%, 1/15/2019 

 

 

800,000 

 

877,502 

DTE Energy Co., 7.625%, 5/15/2014 

 

 

167,000 

 

178,042 

Express Scripts, Inc.:

 
 

6.25%, 6/15/2014  

 

 

425,000 

 

463,697 

 

7.25%, 6/15/2019  

 

 

130,000 

 

149,800 

Federal National Mortgage Association:

 
 

4.5%, with various maturities from 3/1/2023 until 4/1/2023  

 

 

3,879,713 

 

3,991,184 

 

5.0%, 3/1/2039  

 

 

1,956,451 

 

2,004,751 

 

5.5%, 3/1/2039  

 

 

8,935,999 

 

9,281,571 

 

6.0%, 5/1/2037  

 

 

3,805,345 

 

3,979,616 

Ford Motor Credit Co., LLC, 5.7%, 1/15/2010 

 

 

1,000,000 

 

984,687 

General Electric Capital Corp., 5.625%, 5/1/2018 

 

 

974,000 

 

983,104 

Government National Mortgage Association, 7.0%, with various maturities from 1/15/2029 until 2/15/2029  

 

 

120,159 

 

131,129 

Greenwich Capital Commercial Funding Corp., "A4", Series 2007-GG9, 5.444%, 3/10/2039 

 

 

1,295,000 

 

1,100,281 

HCA, Inc., 144A, 8.5%, 4/15/2019 

 

 

470,000 

 

481,750 

Hess Corp., 8.125%, 2/15/2019 

 

 

800,000 

 

957,389 

Jefferson-Pilot Corp., 4.75%, 1/30/2014 

 

 

108,000 

 

102,331 

JPMorgan Chase & Co., 6.3%, 4/23/2019 

 

 

790,000 

 

858,239 

Kinder Morgan Energy Partners LP:

 
 

5.625%, 2/15/2015  

 

 

228,000 

 

240,902 

 

7.3%, 8/15/2033  

 

 

380,000 

 

402,792 

L-3 Communications Corp., Series B, 6.375%, 10/15/2015 

 

 

990,000 

 

950,400 

LB-UBS Commercial Mortgage Trust, "A4", Series 2007-C6, 5.858%, 7/15/2040 

 

 

2,000,000 

 

1,547,708 

Marathon Oil Corp., 7.5%, 2/15/2019 

 

 

790,000 

 

912,287 

Mariner Energy, Inc., 8.0%, 5/15/2017 

 

 

350,000 

 

304,500 

Merck & Co., Inc.:

 
 

5.0%, 6/30/2019  

 

 

533,000 

 

553,400 

 

5.85%, 6/30/2039  

 

 

123,000 

 

132,702 

Merrill Lynch/Countrywide Commercial Mortgage Trust, "ASB", Series 2007-5, 5.362%, 8/12/2048 

 

 

930,000 

 

831,765 

Morgan Stanley, 7.3%, 5/13/2019 

 

 

520,000 

 

585,759 

New Jersey, State Turnpike Authority Revenue, Build America Bonds, Series F, 7.414%, 1/1/2040 

 

 

300,000 

 

352,428 

Northrop Grumman Corp., 5.05%, 8/1/2019 

 

 

220,000 

 

226,077 

Oracle Corp., 5.0%, 7/8/2019 

 

 

430,000 

 

453,029 

Progress Energy, Inc., 7.05%, 3/15/2019 

 

 

865,000 

 

991,766 

Prudential Financial, Inc., 7.375%, 6/15/2019 

 

 

130,000 

 

137,756 

 

 

Safeway, Inc., 7.45%, 9/15/2027 

 

 

520,000 

 

606,986 

 
Simon Property Group LP, (REIT), 6.75%, 5/15/2014 

 

 

250,000 

 

258,601 

 
The Goldman Sachs Group, Inc.:

 
 

6.0%, 5/1/2014  

 

 

420,000 

 

455,107 

 
 

7.5%, 2/15/2019  

 

 

1,000,000 

 

1,171,154 

 
Time Warner Cable, Inc., 8.75%, 2/14/2019 

 

 

500,000 

 

620,444 

 
Toll Brothers Finance Corp., 8.91%, 10/15/2017 

 

 

400,000 

 

423,468 

 
US Treasury Bills:

 
 

0.15% *, 9/17/2009 (b)  

 

 

227,000 

 

226,955 

 
 

0.16% *, 9/17/2009 (b) 

 

 

419,000 

 

418,913 

 
Waste Management, Inc., 6.375%, 3/11/2015 

 

 

700,000 

 

739,844 

 
Yum! Brands, Inc., 6.875%, 11/15/2037 

 

 

830,000 

 

876,614 

 
(Cost $50,700,826)

 

**53,557,491**

 
**Venezuela 0.7%**

 
Republic of Venezuela, REG S, 9.0%, 5/7/2023 (Cost $1,005,691)

 

 

1,700,000 

 

**1,096,500**

 
**Total Bonds** (Cost $151,569,674)

 

**160,009,315**

 
 

**Loan Participations and Assignments 0.5%**

 
**Sovereign Loans**

 
**Russia**

 
Gazprom:

 
 

REG S, 6.51%, 3/7/2022

 

 

530,000 

 

431,420 

 
 

144A, 8.125%, 7/31/2014

 

 

265,000 

 

267,650****

 
Russian Agricultural Bank, REG S, 7.75%, 5/29/2018 

 

 

100,000 

 

99,000 

 
**Total Loan Participations and Assignments** (Cost $883,870)

 

**798,070**

 
 

**Shares**

 

**Value ($)**

 
 

**Cash Equivalents 3.6%**

 
Cash Management QP Trust, 0.27% (c)(Cost $6,076,267)

 

 

6,076,267

 

**6,076,267**

 
 

**% of****Net Assets**

 

**Value ($)**

 
**Total Investment Portfolio** (Cost $158,529,811) †

99.2

 

**166,883,652**

 
**Other Assets and Liabilities, Net**

0.8

 

**1,295,515**

 
**Net Assets**

100.0

 

**168,179,167**

 
*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.*

 
***

*Annualized yield at time of purchase; not a coupon rate.*

 
****

*Floating rate notes are securities whose yields vary with a designated market index or market rate, such as the coupon-equivalent of the US Treasury bill rate.  These securities are shown at their current rate as of July 31, 2009.*

 
*†*

*The cost for federal income tax purposes was $159,106,586.  At July 31, 2009, net unrealized appreciation for all securities based on tax cost was $7,777,066. This consisted of aggregate gross unrealized appreciation for all securities in which there was an excess of value over tax cost of $9,790,125 and aggregate gross unrealized depreciation for all securities in which there was an excess of tax cost over value of $2,013,059.*

 
*(a)*

*Principal amount stated in US dollars unless otherwise noted.*

 
*(b)*

*At July 31, 2009, this security has been pledged, in whole or in part, to cover initial margin requirements for open futures contracts.*

 
*(c)*

*Affiliated fund managed by Deutsche Investment Management Americas Inc.  The rate shown is the annualized seven-day yield at period end.*

 
 

 

 
 

 

*144A: Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.*

 
*REG S: Securities sold under Regulation S may not be offered, sold or delivered within the United States or to, or for the account or benefit of, US persons, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.*

 
*REIT: Real Estate Investment Trust*

 
*Included in the portfolio are investments in mortgage or asset-backed securities which are interests in separate pools of mortgages or assets.  Effective maturities of these investments may be shorter than stated maturities due to prepayments.  Some separate investments in the Federal National Mortgage Association and Government National Mortgage Association issues which have similar coupon rates have been aggregated for presentation purposes in this investment portfolio.*

 
*At July 31, 2009, open futures contracts purchased were as follows:*

 
**Futures**

 

**Expiration****Date**

 

**Contracts**

 

**Aggregated****Face****Value ($)**

 

**Value ($)**

 

**Unrealized****Depreciation ($)**

 
 

 
10 Year Canadian Government Bond 

 

9/21/2009 

 

20 

 

2,245,049 

 

2,236,250 

 

**(8,799)**

 
*At July 31, 2009, open futures contracts sold were as follows:*

 
**Futures**

 

 

**Expiration****Date**

 

**Contracts**

 

**Aggregated****Face****Value ($)**

 

**Value ($)**

 

**Unrealized****Depreciation ($)**

 
 

 
10 Year US Treasury Note 

 

9/21/2009 

 

20 

 

2,335,688 

 

2,345,625 

 

(9,937)

 
United Kingdom Long Gilt Bond 

 

9/28/2009 

 

30 

 

5,828,460 

 

5,884,328 

 

(55,868)

 
**Total unrealized depreciation**

**(65,805)**

 
*As of July 31, 2009, the Fund had the following open forward foreign currency exchange contracts:*

 
**Contracts to Deliver**

 

**In Exchange For**

 

**Settlement****Date**

 

**Unrealized****Appreciation ($)**

 
 
USD

8,617,442

 

EUR

6,200,000

 

10/16/2009

 

219,873

 
USD

407,460

 

PLN

1,300,000

 

10/16/2009

 

37,208

 
USD

544,915

 

AUD

700,000

 

10/16/2009

 

37,115

 
USD

273,888

 

SGD

400,000

 

10/16/2009

 

3,958

 
USD

1,400,000

 

EUR

1,000,000

 

10/16/2009

 

25,373

 
USD

3,230,856

 

EUR

2,300,000

 

10/16/2009

 

47,503

 
EUR

1,620,305

 

GBP

1,400,000

 

10/16/2009

 

89,995

 
EUR

2,332,498

 

GBP

2,000,000

 

10/16/2009

 

93,963

 
EUR

2,055,170

 

PLN

9,000,000

 

10/16/2009

 

201,784

 
**Total unrealized appreciation**

 

 

 

 

 

**756,772**

 
 
 

 

 

 
**Contracts to Deliver**

 

**In Exchange For**

 

**Settlement****Date**

 

**Unrealized****Depreciation ($)**

 
 
 
USD

2,283,663

 

JPY

215,000,000

 

10/16/2009

 

(9,868)

 
 
CAD

2,400,000

 

USD

2,059,290

 

10/16/2009

 

(169,239)

 
 
GBP

3,500,000

 

USD

5,641,125

 

10/16/2009

 

(204,511)

 
 
EUR

1,620,305

 

GBP

1,400,000

 

10/16/2009

 

(61,280)

 
 
EUR

2,055,170

 

PLN

9,000,000

 

10/16/2009

 

(52,698)

 
 
EUR

2,332,498

 

GBP

2,000,000

 

10/16/2009

 

(78,280)

 
 
**Total unrealized depreciation**

 

 

 

 

 

**(575,876)**

 
 
***Currency Abbreviations*****

 **

 **

 
 

 

*AUD***

*Australian Dollar***

*PLN***

*Polish Zloty***

*CAD***

*Canadian Dollar***

*SEK***

*Swedish Krona***

*EUR***

*Euro***

*SGD***

*Singapore Dollar***

*GBP***

*British Pound***

*USD***

*United States Dollar***

*JPY***

*Japanese Yen***

* *

* *

 

***Fair Value Measurements***

 

*Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, “Fair Value Measurements”, as amended, 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 July 31, 2009 in valuing the Fund's investments:*

 

 

**Level 1**

**Level 2**

**Level 3**

**Total**

**Assets**

 

 

 

Fixed Income(d)

 

 

 

 

 

Bonds

$                   —

$       158,164,124

$      1,199,323

$   159,363,447

 

Loan Participations and Assignments

—

798,070

—

798,070

Short-Term Investments(d)

—

6,722,135

—

6,722,135

Derivatives(e)

—

756,772

—

756,772

Total 

**$**—

**$       166,441,101**

**$      1,199,323**

**$   167,640,424**

 

 

 

 

 

**Liabilities**

 

 

 

Derivatives(e)

$          (74,604)

$          (575,876)

$                  —

$       (650,480)

**Total**

**$          (74,604)**

**$          (575,876)**

**$                  —**

**$       (650,480)**

 
*(d)*

*See Investment Portfolio for additional detailed categorizations.*

 
 
*(e)*

*Includes unrealized appreciation (depreciation) on futures and forward foreign currency exchange contracts.*

 

 

*The following is a reconciliation of the Fund's Level 3 investments for which significant unobservable inputs were used in determining value:*

 

 

**Bonds**

**Balance as of  October 31, 2008**

$     2,055,825   

**Realized gains (loss)**

(626,929)

**Change in unrealized appreciation (depreciation)**

1,098,844

**Amortization premium/ discount**

2,820

**Net purchases  (sales)**

(234,737)

**Net transfers in (out) of Level 3**

(1,096,500)

**Balance as of  July 31, 2009**

**$     1,199,323**

**Net change in unrealized appreciation (depreciation) from investments still held at    July 31, 2009**

**$        564,524**

 

***Derivative Instruments and Hedging Activities***

 

*Financial Accounting Standards Board Statement of Financial Accounting Standards No. 161, “Disclosures about Derivative Instruments and Hedging Activities,” requires enhanced disclosure about an entity’s derivative and hedging activities.*

 

*The following is a summary of the unrealized appreciation (depreciation) of the Fund's derivative instruments categorized by risk exposure as of July 31, 2009. Please see below for information on the Fund’s policy regarding the objectives and strategies for using futures and forward foreign currency exchange contracts.*

 

 

 

 

**Primary Underlying Risk Disclosure**

**Futures**

**Forward Currency Contracts**

Foreign Exchange Contracts

$                    —        

$          180,896        

Interest Rate Contracts

$          (74,604)        

$                   —        

 

*Futures.  The Fund is subject to interest rate risk.  The Fund may use futures contracts in circumstances where the portfolio management team believes they offer economical means of gaining exposure to a particular asset class or to keep cash on hand to meet shareholder redemptions or other needs while maintaining exposure to the bond market.  Subsequent payments (“variation margin”) are made or received by the fund dependent upon the daily fluctuations in the value of the underlying security.   Since all futures contracts are exchange traded, counterparty risk is minimized as the exchange's clearinghouse acts as the counterparty, and guarantees the futures against default.*

 

*Forward Foreign Currency Exchange Contracts. The Fund is subject to foreign exchange rate risk in its securities denominated in foreign currencies. Changes in exchange rates between foreign currencies and the US dollar may affect the US dollar value of foreign securities or the income or gains received on these securities. To reduce the effect of currency fluctuations, the Fund may enter into forward foreign currency exchange contracts.  The Fund may also use forward foreign currency exchange contracts for non-hedging purposes to seek to enhance potential gains.  Certain risks may arise upon entering into forward currency contracts from the potential inability of counterparties to meet the terms of their contracts. The maximum counterparty credit risk to the Fund is measured by the current value of the forward currency contract, to the extent that this amount is beneficial to the fund.*

 

**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 Global Bond Fund, a series of DWS Global/International Fund, Inc.

 

 

By:

/s/Michael G. Clark

Michael G. Clark

President

 

 

Date:

September 23, 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 Global Bond Fund, a series of DWS Global/International Fund, Inc.

 

 

By:

/s/Michael G. Clark

Michael G. Clark

President

 

 

Date:

September 23, 2009

 

 

 

 

 

 

By:

/s/Paul Schubert

Paul Schubert

Chief Financial Officer and Treasurer

 

 

Date:

September 23, 2009

 

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