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  811-22046

DWS RREEF World Real Estate & Tactical Strategies 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: 9/30/09

 

ITEM 1.  SCHEDULE OF INVESTMENTS

 

| Investment Portfolio | **as of September 30, 2009  (Unaudited)** |
|----------------------|-------------------------------------------|

 

 

**DWS RREEF World Real Estate & Tactical Strategies Fund, Inc.**

 

|  | **Shares** |   | **Value ($)** |  
 

**Common Stocks 79.1%**

 
**Australia 13.6%**

 
Abacus Property Group 

 

871,470 

 

337,252 

 
Ardent Leisure Group  

 

369,528 

 

467,471 

 
Aspen Group  

 

1,483,353 

 

648,562 

 
Australand Property Group  

 

968,300 

 

451,612 

 
CFS Retail Property Trust  

 

722,462 

 

1,276,715 

 
Charter Hall Group  

 

680,836 

 

376,387 

 
Compass Hotel Group Ltd.*  

 

612,742 

 

21,622 

 
Dexus Property Group  

 

1,096,188 

 

814,268 

 
Goodman Group  

 

2,343,448 

 

1,365,143 

 
GPT Group   

 

1,260,820 

 

758,877 

 
ING Industrial Fund (a) 

 

59,738 

 

33,095 

 
ING Office Fund   

 

893,815 

 

439,566 

 
 

 

 

Macquarie Office Trust   

 

1,990,678 

 

524,582 

 
Mirvac Group   

 

567,733 

 

837,810 

 
Stockland  

 

223,033 

 

799,079 

 
Westfield Group   

 

500,770 

 

6,097,580 

 
(Cost $12,215,224)

 

**15,249,621**

 
**Belgium 0.5%**

 
Befimmo SCA  

 

3,000 

 

272,319 

 
Cofinimmo  

 

2,000 

 

280,459 

 
(Cost $680,392)

 

**552,778**

 
**Canada 2.4%**

 
Allied Properties Real Estate Investment Trust  

 

56,550 

 

874,580 

 
Extendicare Real Estate Investment Trust   

 

165,100 

 

1,294,404 

 
RioCan Real Estate Investment Trust  

 

32,050 

 

538,832 

 
(Cost $1,803,811)

 

**2,707,816**

 
**France 7.1%**

 
Fonciere des Regions  

 

7,600 

 

885,440 

 
Klepierre   

 

20,000 

 

793,476 

 
Unibail-Rodamco  

 

30,000 

 

6,240,483 

 
(Cost $5,663,753)

 

**7,919,399**

 
**Hong Kong 13.0%**

 
China Overseas Land & Investment Ltd.  

 

788,000 

 

1,690,107 

 
Hongkong Land Holdings Ltd.  

 

418,000 

 

1,807,412 

 
Kerry Properties Ltd.  

 

228,000 

 

1,224,581 

 
Sun Hung Kai Properties Ltd.  

 

355,000 

 

5,212,278 

 
The Link REIT  

 

2,097,000 

 

4,624,322 

 
(Cost $12,513,188)

 

**14,558,700**

 
**Italy 0.2%**

 
Beni Stabili SpA  (Cost $272,903)

 

290,000 

 

**250,073**

 
**Japan 9.5%**

 
AEON Mall Co., Ltd.  

 

19,900 

 

410,469 

 
Japan Prime Realty Investment Corp.   

 

120 

 

290,833 

 
Japan Real Estate Investment Corp.  

 

87 

 

709,784 

 
Japan Retail Fund Investment Corp.  

 

78 

 

423,269 

 
Mitsubishi Estate Co., Ltd.  

 

220,400 

 

3,445,070 

 
Mitsui Fudosan Co., Ltd.  

 

112,000 

 

1,877,291 

 
MORI TRUST Sogo Reit, Inc.   

 

133 

 

1,072,103 

 
Nippon Building Fund, Inc.  

 

147 

 

1,309,073 

 
Nomura Real Estate Office Fund, Inc.  

 

166 

 

1,101,123 

 
(Cost $12,315,107)

 

**10,639,015**

 
**Malta 0.0%**

 
BGP Holdings PLC*  (Cost $0)

 

1,751,646 

 

**2**

 
**Netherlands 2.8%**

 
Corio NV   

 

28,000 

 

1,931,818 

 
VastNed Retail NV   

 

6,000 

 

386,562 

 
Wereldhave NV   

 

8,250 

 

812,741 

 
(Cost $2,283,973)

 

**3,131,121**

 
**New Zealand 0.7%**

 
AMP NZ Office Trust  

 

264,055 

 

161,956 

 
Goodman Property Trust  

 

918,101 

 

662,817 

 
(Cost $707,443)

 

**824,773**

 
**Singapore 6.1%**

 
Ascendas Real Estate Investment Trust 

 

1,213,000 

 

1,650,027 

 
CapitaCommercial Trust  

 

1,060,000 

 

777,550 

 
 

 

 

CapitaLand Ltd.  

 

731,500 

 

1,914,815 

 
CapitaMall Trust   

 

897,610 

 

1,171,306 

 
Frasers Centrepoint Trust  

 

850,000 

 

690,464 

 
Suntec Real Estate Investment Trust  

 

864,000 

 

646,456 

 
(Cost $6,374,740)

 

**6,850,618**

 
**South Africa 0.1%**

 
Growthpoint Properties Ltd. (Units)  (Cost $152,801)

 

83,726 

 

**150,565**

 
**Sweden 0.4%**

 
Castellum AB  (Cost $263,055)

 

40,000 

 

**387,829**

 
**United Kingdom 10.7%**

 
Big Yellow Group PLC*  

 

100,000 

 

599,659 

 
British Land Co. PLC  

 

187,000 

 

1,421,151 

 
Capital & Regional PLC  

 

1,030,195 

 

543,662 

 
Conygar Investment Co. PLC*  

 

160,000 

 

297,875 

 
Derwent London PLC  

 

30,000 

 

585,064 

 
Great Portland Estates PLC  

 

229,373 

 

970,318 

 
Hammerson PLC  

 

170,000 

 

1,072,932 

 
Hansteen Holdings PLC  

 

300,000 

 

431,702 

 
Helical Bar PLC  

 

100,000 

 

599,752 

 
Land Securities Group PLC   

 

195,000 

 

1,948,779 

 
Liberty International PLC   

 

30,061 

 

230,698 

 
London & Stamford Property Ltd.  

 

250,000 

 

514,443 

 
NR Nordic & Russia Properties Ltd.  

 

2,500,000 

 

914,952 

 
Segro PLC   

 

139,000 

 

817,289 

 
Shaftesbury PLC   

 

35,000 

 

200,407 

 
Unite Group PLC  

 

200,000 

 

841,763 

 
Unite Group PLC (Subscription Shares)*  

 

56,363 

 

11,935 

 
(Cost $11,684,218)

 

**12,002,381**

 
**United States 12.0%**

 
AMB Property Corp. (REIT)  

 

13,300 

 

305,235 

 
AvalonBay Communities, Inc. (REIT) (a) 

 

7,250 

 

527,292 

 
BioMed Realty Trust, Inc. (REIT)  

 

40,700 

 

561,660 

 
BRE Properties, Inc. (REIT)  

 

12,900 

 

403,770 

 
Cogdell Spencer, Inc. (REIT)  

 

47,100 

 

226,080 

 
Digital Realty Trust, Inc. (REIT)  

 

5,650 

 

258,262 

 
Duke Realty Corp. (REIT)  

 

80,150 

 

962,601 

 
Equity Residential (REIT)  

 

23,350 

 

716,845 

 
Government Properties Income Trust (REIT)*  

 

11,050 

 

265,311 

 
HCP, Inc. (REIT)  

 

27,850 

 

800,409 

 
Hospitality Properties Trust (REIT)  

 

37,200 

 

757,764 

 
HRPT Properties Trust (REIT)  

 

149,350 

 

1,123,112 

 
Kilroy Realty Corp. (REIT)  

 

18,100 

 

502,094 

 
Medical Properties Trust, Inc. (REIT) (a) 

 

59,600 

 

465,476 

 
ProLogis (REIT)  

 

68,250 

 

813,540 

 
Ramco-Gershenson Properties Trust (REIT)  

 

15,600 

 

139,152 

 
Regency Centers Corp. (REIT)  

 

15,750 

 

583,537 

 
Senior Housing Properties Trust (REIT)  

 

37,525 

 

717,103 

 
Simon Property Group, Inc. (REIT)  

 

7,475 

 

518,989 

 
Sovran Self Storage, Inc. (REIT)  

 

23,300 

 

709,019 

 
Starwood Property Trust, Inc. (REIT)*  

 

59,100 

 

1,196,775 

 
Taubman Centers, Inc. (REIT)  

 

8,600 

 

310,288 

 
Weingarten Realty Investors (REIT)  

 

26,950 

 

536,844 

 
(Cost $11,412,786)

 

**13,401,158**

 
**Total Common Stocks** (Cost $78,343,394)

 

**88,625,849**

 
 

 

 

 

**Closed-End Investment Companies 1.1%**

 
**Luxembourg 0.4%**

 
ProLogis European Properties  (Cost $225,342)

 

72,500 

 

**451,971**

 
**United Kingdom 0.7%**

 
Kenmore European Industrial Fund Ltd.  (Cost $674,426)

 

1,500,000 

 

**769,004**

 
**Total Closed-End Investment Companies** (Cost $899,768)

 

**1,220,975**

 
 

**Preferred Stocks 9.9%**

 
**United States**

 
Apartment Investment & Management Co., Series U, 7.75% (REIT)  

 

8,950 

 

185,265 

 
Apartment Investment & Management Co., Series Y, 7.875% (REIT)  

 

8,850 

 

185,850 

 
Apartment Investment & Management Co., Series T, 8.0% (REIT)  

 

9,000 

 

191,970 

 
Apartment Investment & Management Co., Series V, 8.0% (REIT)  

 

17,400 

 

368,532 

 
BioMed Realty Trust, Inc., Series A, 7.375% (REIT)  

 

150,850 

 

3,356,412 

 
Corporate Office Properties Trust, Series J, 7.625% (REIT)  

 

35,700 

 

821,100 

 
Digital Realty Trust, Inc., Series B, 7.875% (REIT)  

 

17,750 

 

422,627 

 
Hospitality Properties Trust, Series C, 7.0% (REIT)  

 

14,200 

 

276,190 

 
Kilroy Realty Corp., Series F, 7.5% (REIT)  

 

16,600 

 

362,212 

 
LaSalle Hotel Properties, Series G, 7.25% (REIT)  

 

37,500 

 

750,000 

 
PS Business Parks, Inc., Series P, 6.7% (REIT)  

 

18,000 

 

380,700 

 
Regency Centers Corp., Series D, 7.25% (REIT) 

 

26,000 

 

577,200 

 
SL Green Realty Corp., Series C, 7.625% (REIT)  

 

28,100 

 

622,977 

 
Sunstone Hotel Investors, Inc., Series A, 8.0% (REIT)  

 

2,200 

 

41,140 

 
Tanger Factory Outlet Centers, Inc., Series C, 7.5% (REIT) 

 

53,600 

 

1,237,624 

 
Taubman Centers, Inc., Series H, 7.625% (REIT)  

 

12,900 

 

296,055 

 
Taubman Centers, Inc., Series G, 8.0% (REIT)  

 

15,950 

 

378,813 

 
Vornado Realty Trust, Series I, 6.625% (REIT)  

 

14,150 

 

300,688 

 
Vornado Realty Trust, Series H, 6.75% (REIT)  

 

15,400 

 

319,550 

 
**Total Preferred Stocks** (Cost $11,987,016)

 

**11,074,905**

 
 

**Principal****Amount ($)(b)**

 

**Value ($)**

 
 

**Corporate Bonds 0.6%**

 
**Italy**

 
Immobiliare Grande Distribuzione, 2.5%, 6/28/2012 (Cost $509,250)

EUR

 

500,000 

 

**655,763**

 
 

**Government & Agency Obligation 2.3%**

 
**US Treasury Obligation**

 
US Treasury Bill, 0.19% **, 3/18/2010 (c) (Cost $2,615,678)

 

 

2,618,000 

 

**2,616,144**

 
 

**Shares**

 

**Value ($)**

 
 

**Securities Lending Collateral 0.6%**

 
Daily Assets Fund Institutional, 0.29% (d) (e)(Cost $612,720)

 

 

612,720

 

**612,720**

 
 

**Cash Equivalents 2.4%**

 
Cash Management QP Trust, 0.18% (d)(Cost $2,670,799)

 

 

2,670,799

 

**2,670,799**

 
 

 

 

 

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

 

**Value ($)**

 
**Total Investment Portfolio** (Cost $97,638,625) †

96.0

 

**107,477,155**

 
**Other Assets and Liabilities, Net**

4.0

 

**4,514,974**

 
**Net Assets**

100.0

 

**111,992,129**

 
*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.*

 
****

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

 
*†*

*The cost for federal income tax purposes was $104,616,409.  At September 30, 2009, net unrealized appreciation for all securities based on tax cost was $2,860,746.  This consisted of aggregate gross unrealized appreciation for all securities in which there was an excess of value over tax cost of $18,216,503 and aggregate gross unrealized depreciation for all securities in which there was an excess of tax cost over value of $15,355,757.*

 
*(a)*

*All or a portion of these securities were on loan. The value of all securities loaned at September 30, 2009 amounted to $591,207 which is 0.5% of net assets.*

 
*(b)*

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

 
*(c)*

*At September 30, 2009, this security has been pledged, in whole or in part, to cover initial margin requirements for open futures contracts.*

 
*(d)*

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

 
*(e)*

*Represents collateral held in connection with securities lending.  Income earned by the Fund is net of borrower rebates.*

 
*REIT: Real Estate Investment Trust*

 
 

*At September 30, 2009, open futures contracts purchased were as follows:*

 
**Futures**

 

**Expiration****Date**

 

**Contracts**

 

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

 

**Value ($)**

 

**Unrealized****Appreciation/****(Depreciation) ($)**

 
 

 
10 Year US Treasury Note 

 

12/21/2009 

 

75 

 

8,777,836 

 

8,874,609 

 

96,773

 
CAC 40 Index 

 

10/16/2009 

 

8 

 

440,527 

 

444,507 

 

3,980

 
DAX Index 

 

12/18/2009 

 

9 

 

1,859,788 

 

1,868,349 

 

8,561

 
DJ Euro Stoxx 50 Index 

 

12/18/2009 

 

63 

 

2,594,473 

 

2,633,896 

 

39,423

 
Federal Republic of Germany Euro-Bund 

 

12/8/2009 

 

82 

 

14,552,947 

 

14,624,944 

 

71,997

 
Federal Republic of Germany Euro-Schatz 

 

12/8/2009 

 

172 

 

27,178,275 

 

27,223,441 

 

45,166

 
FTSE 100 Index 

 

12/18/2009 

 

21 

 

1,687,288 

 

1,708,599 

 

21,311

 
FTSE MIB Index 

 

12/18/2009 

 

6 

 

1,008,613 

 

1,028,237 

 

19,624

 
TOPIX Index 

 

12/11/2009 

 

18 

 

1,884,320 

 

1,824,764 

 

(59,556)

 
**Total net unrealized appreciation**

**247,279**

 
*At September 30, 2009, open futures contracts sold were as follows:*

 
**Futures**

 

 

**Expiration****Date**

 

**Contracts**

 

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

 

**Value ($)**

 

**Unrealized****Appreciation/****(Depreciation) ($)**

 
 

 
10 Year Australian Treasury Bond 

 

12/15/2009 

 

63 

 

5,799,848 

 

5,799,848 

 

—

 
 

 

 

10 Year Canadian Government Bond 

 

12/18/2009 

 

15 

 

1,683,052 

 

1,700,275 

 

(17,223)

 
10 Year Japanese Government Bond 

 

12/10/2009 

 

14 

 

21,630,925 

 

21,731,855 

 

(100,930)

 
2 Year US Treasury Note 

 

12/31/2009 

 

31 

 

6,689,150 

 

6,726,031 

 

(36,881)

 
AEX Index 

 

10/16/2009 

 

2 

 

180,887 

 

182,625 

 

(1,738)

 
ASX SPI 200 Index 

 

12/17/2009 

 

2 

 

202,729 

 

209,390 

 

(6,661)

 
Hang Seng Index 

 

10/29/2009 

 

6 

 

829,736 

 

808,833 

 

20,903

 
IBEX 35 Index 

 

10/16/2009 

 

10 

 

1,694,390 

 

1,716,142 

 

(21,752)

 
NASDAQ E-Mini 100 Index 

 

12/18/2009 

 

62 

 

2,092,974 

 

2,129,700 

 

(36,726)

 
Russell E-Mini 2000 Index 

 

12/18/2009 

 

30 

 

1,785,979 

 

1,809,000 

 

(23,021)

 
S&P E-Mini 500 Index 

 

12/18/2009 

 

21 

 

1,095,626 

 

1,105,545 

 

(9,919)

 
S&P TSE 60 Index 

 

12/17/2009 

 

2 

 

252,168 

 

253,341 

 

(1,173)

 
United Kingdom Long Gilt Bond 

 

12/29/2009 

 

21 

 

3,987,291 

 

3,979,013 

 

8,278

 
**Total net unrealized depreciation**

**(226,843)**

 
 

 

 
*At September 30, 2009, the Fund had the following open forward foreign currency exchange contracts:*

 
**Contracts to Deliver**

 

**In Exchange For**

 

**Settlement****Date**

 

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

 

**Counterparty**

 
USD

8,565,231

 

AUD

9,939,000

 

10/14/2009

 

193,014

 

WOORI Investment & Securities Co., Ltd.

 
USD

7,883,030

 

CHF

8,222,000

 

10/14/2009

 

51,860

 

UBS AG

 
USD

1,447,971

 

NZD

2,078,000

 

10/14/2009

 

51,294

 

Bank of New York Mellon Corp.

 
GBP

855,000

 

USD

1,414,957

 

10/14/2009

 

48,625

 

Barclays Bank PLC

 
**Total unrealized appreciation**

 

 

 

**344,793**

 
**Contracts to Deliver**

 

**In Exchange For**

 

**Settlement****Date**

 

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

 

**Counterparty**

 
CAD

541,000

 

USD

501,869

 

10/14/2009

 

(3,444)

 

Barclays Bank PLC

 
EUR

3,898,000

 

USD

5,675,449

 

10/14/2009

 

(28,649)

 

HSBC Bank USA

 
JPY

79,816,000

 

USD

864,863

 

10/14/2009

 

(24,387)

 

HSBC Bank USA

 
NOK

5,147,000

 

USD

870,131

 

10/14/2009

 

(20,576)

 

Barclays Bank PLC

 
SEK

5,783,000

 

USD

822,729

 

10/14/2009

 

(6,893)

 

Barclays Bank PLC

 
**Total unrealized depreciation**

 

 

 

**(83,949)**

 
 

***Currency Abbreviations*****

 **

 **

*AUD***

*Australian Dollar***

*JPY***

*Japanese Yen***

*CAD***

*Canadian Dollar***

*NOK***

*Norwegian Krone***

*CHF***

*Swiss Franc***

*NZD***

*New Zealand Dollar***

*EUR***

*Euro***

*SEK***

*Swedish Krona***

*GBP***

*British Pound***

*USD***

*United States Dollar***

 

*At September 30, 2009 the DWS RREEF World Real Estate & Tactical Strategies Fund, Inc. had the following sector diversification:*

 

 

 

 

**Sector**

**Market Value ($)**

 

**As a % of Common and Preferred Stocks and Corporate Bonds**

 

 

 

Diversified

 

50,570,410

 

50.4

%

Shopping Centers

 

19,237,538

 

19.2

%

Office

 

18,222,462

 

18.1

%

Health Care

 

3,503,472

 

3.5

%

Apartments

 

2,579,524

 

2.6

%

Hotels

 

1,846,716

 

1.8

%

Industrial

 

1,583,572

 

1.6

%

Regional Malls

 

1,504,145

 

1.5

%

Storage

 

1,308,678

 

1.3

%

**Total**

 

**100,356,517**

 

**100.0**

**%**

 

 

***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 September 30, 2009 in valuing the Fund's investments:*

 

 

**Level 1**

**Level 2**

**Level 3**

**Total**

 
**Assets**

 

 

 

 

 
Common Stock and/or Other Equity Investments(f)

 

 

 

 

 
 

Australia

$                 —          

$    15,249,621          

$               —          

$    15,249,621          

 
 

Belgium

—

552,778

—

552,778

 
 

Canada

2,707,816

—

—

2,707,816

 
 

France

—

7,919,399

—

7,919,399

 
 

Hong Kong

—

14,558,700

—

14,558,700

 
 

Italy

—

250,073

—

250,073

 
 

Japan

—

10,639,015

—

10,639,015

 
 

Luxembourg

—

451,971

—

451,971

 
 

Malta

—

2

—

2

 
 

Netherlands

—

3,131,121

—

3,131,121

 
 

New Zealand

—

824,773

—

824,773

 
 

Singapore

—

6,850,618

—

6,850,618

 
 

South Africa

—

150,565

—

150,565

 
 

Sweden

—

387,829

—

387,829

 
 

United Kingdom

—

12,771,385

—

12,771,385

 
 

United States

24,476,063

—

—

24,476,063

 
Corporate Bonds

—

655,763

—

655,763

 
Short-Term Investments(f)

612,720

5,286,943

—

5,899,663

 
Derivatives(g)

20,436

344,793

—

365,229

 
**Total**

**$   27,817,035**

**$   80,025,349**

**$**

**$ 107,842,384**

 
 

 

 

 

 

 
**Liabilities**

 

 

 

 

 
Derivatives(g)

$                 —

$       (83,949)

$               —

$       (83,949)

 
**Total**

**$                 —**

**$       (83,949)**

**$               —**

**$       (83,949)**

 
 
*(f)*

*See Investment Portfolio for additional detailed categorizations.*

 
*(g)*

*Derivatives include unrealized appreciation (depreciation) on open futures and forward foreign currency exchange contracts.*

 

 

***Derivatives***

 

*The following table presents, by major type of derivative contract, the unrealized appreciation (depreciation) of the Fund's derivative instruments as of September 30, 2009 categorized by the primary underlying risk exposure.* 

 

 

 

**Primary Underlying Risk Disclosure**

**Futures**

**Forward Currency Contracts**

Equity Contracts

$        (46,744)

$                 —

Foreign Exchange Contracts

$                 —

$         260,844

Interest Rate Contracts

$           67,180

$                 —

 

 

 

**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 World Real Estate & Tactical Strategies Fund, Inc.

 

 

By:

/s/Michael G. Clark

Michael G. Clark

President

 

 

Date:

November 19, 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 World Real Estate & Tactical Strategies Fund, Inc.

 

 

By:

/s/Michael G. Clark

Michael G. Clark

President

 

 

Date:

November 19, 2009

 

 

 

 

 

 

By:

/s/Paul Schubert

Paul Schubert

Chief Financial Officer and Treasurer

 

 

Date:

November 19, 2009

 

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