# EDGAR Filing Document

**Accession Number:** 0000858706
**File Stem:** 0001003715-26-001905
**Filing Date:** 2026-5
**Character Count:** 22516
**Document Hash:** 0c5a3989207f7e3b8878dd2415a5fa11
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001003715-26-001905.hdr.sgml**: 20260522

**ACCESSION NUMBER**: 0001003715-26-001905

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260522

**DATE AS OF CHANGE**: 20260522

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NEW GERMANY FUND INC
- **CENTRAL INDEX KEY:** 0000858706

**ORGANIZATION NAME:**
- **EIN:** 133555471
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05983
- **FILM NUMBER:** 261011868

**BUSINESS ADDRESS:**
- **STREET 1:** 875 THIRD AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022-6225
- **BUSINESS PHONE:** 212-454-4500

**MAIL ADDRESS:**
- **STREET 1:** 875 THIRD AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022-6225

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LENOX FUND INC
- **DATE OF NAME CHANGE:** 19900115

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** The New Germany Fund, Inc.

- **b. Investment Company Act file number:** 811-05983

- **c. CIK number of Registrant:** 0000858706

- **d. LEI of Registrant:** 549300TPS2RTTJ8O3C08

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 875 Third Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10022-6225

  - **Telephone number:** 212-454-4500

**Item A.2. Information about the Series.**

- **a. Name of Series:** The New Germany Fund, Inc.

- **c. LEI of Series:** 549300TPS2RTTJ8O3C08

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $202670781.21

**Total Liabilities:** $17253129.26

**Net Assets:** $185417651.95

**Cash Not Reported:** $18522.69

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 4.55%                | 0.67%                | -14.98%              |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-4466749.02             | $14844693.73                               |
| Month 2  | $1806514.91              | $-355441.09                                |
| Month 3  | $-1105363.97             | $-31081391.75                              |

### Schedule of Portfolio Investments

| Name                           | Title                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BIONTECH SE-ADR                | BIONTECH SE-ADR 0.00000000                             | CUSIP: 09075V102<br>LEI: 894500UZJ5LG1F8J1U58 | Long             | EC               | CORP              | DE        |     15202 | NS      | $1324702.28   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| AIRBUS SE /EUR/                | AIRBUS SE /EUR/ 0.00000000                             | CUSIP: N0280G100<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | FR        |      9977 | NS      | $1848246.39   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED INTERNET AG-REG S /EUR/ | UNITED INTERNET AG-REG SHARE /EUR/ 0.00000000          | CUSIP: D8542B125<br>LEI: 3VEKWPJHTD4NKMBVG947 | Long             | EC               | CORP              | DE        |    122504 | NS      | $3884423.47   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| FIELMANN GROUP AG /EUR/        | FIELMANN GROUP AG /EUR/ 0.00000000                     | CUSIP: D2617N114<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |     58915 | NS      | $2956255.13   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| DEUTZ AG /EUR/                 | DEUTZ AG /EUR/ 0.00000000                              | CUSIP: D39176108<br>LEI: 5299005DETTV58V2PP63 | Long             | EC               | CORP              | DE        |    410790 | NS      | $3994755.29   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| DWS                            | DWS CENTRAL CASH MANAGEMENT GOVERNMENT FUND 0.00000000 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |   6035984 | NS      | $6035983.76   | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |
| PUMA SE /EUR/                  | PUMA SE /EUR/ 0.00000000                               | CUSIP: D62318148<br>LEI: 529900GRZ2BQY5ZM9N49 | Long             | EC               | CORP              | DE        |    117916 | NS      | $2949581.72   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| VOSSLOH AG /EUR/               | VOSSLOH AG /EUR/ 0.00000000                            | CUSIP: D9494V101<br>LEI: 5299003HAEOUVX3HWX43 | Long             | EC               | CORP              | DE        |     41963 | NS      | $3287784.26   | 1.77%             |  |  |  | No            |                  1 | On Loan: —       |
| HOCHTIEF AG /EUR/              | HOCHTIEF AG /EUR/ 0.00000000                           | CUSIP: D33134103<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |     19353 | NS      | $8535875.98   | 4.60%             |  |  |  | No            |                  1 | On Loan: No      |
| BILFINGER SE /EUR/             | BILFINGER SE /EUR/ 0.00000000                          | CUSIP: D11648108<br>LEI: 529900H0HULEN2BZ4604 | Long             | EC               | CORP              | DE        |     80546 | NS      | $9094899.92   | 4.91%             |  |  |  | No            |                  1 | On Loan: No      |
| DEUTSCHE LUFTHANSA-REG /EUR/   | DEUTSCHE LUFTHANSA-REG /EUR/ 0.00000000                | CUSIP: D1908N106<br>LEI: 529900PH63HYJ86ASW55 | Long             | EC               | CORP              | DE        |    434262 | NS      | $3600566.64   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| AIXTRON SE /EUR/ /PERPETUAL/   | AIXTRON SE /EUR/ /PERPETUAL/ 0.00000000                | CUSIP: D0257Y135<br>LEI: 5299004UJ4D51M25LD67 | Long             | EC               | CORP              | DE        |     96380 | NS      | $3631303.48   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| AURUBIS AG /EUR/               | AURUBIS AG /EUR/ 0.00000000                            | CUSIP: D10004105<br>LEI: 5299005SHIN9ZK7GW242 | Long             | EC               | CORP              | DE        |     10355 | NS      | $1789654.65   | 0.97%             |  |  |  | No            |                  1 | On Loan: —       |
| KRONES AG /EUR/                | KRONES AG /EUR/ 0.00000000                             | CUSIP: D47441171<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |     19718 | NS      | $2617237.97   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| JUNGHEINRICH - PRFD /EUR/      | JUNGHEINRICH - PRFD /EUR/ 0.00000000                   | CUSIP: D37552102<br>LEI: 529900PHZORTU6FSXE73 | Long             | EC               | CORP              | DE        |     43279 | NS      | $1292528.37   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| NEMETSCHEK SE  /EUR/           | NEMETSCHEK SE /EUR/ 0.00000000                         | CUSIP: D56134105<br>LEI: 529900R0S2IX1S358J38 | Long             | EC               | CORP              | DE        |     41541 | NS      | $3048907.51   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| THYSSENKRUPP AG /EUR/          | THYSSENKRUPP AG /EUR/ 0.00000000                       | CUSIP: D8398Q119<br>LEI: 549300UDG16DOYUPR330 | Long             | EC               | CORP              | DE        |    900732 | NS      | $7686120.18   | 4.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ECKERT & ZIEGLER SE /EUR/      | ECKERT & ZIEGLER SE /EUR/ 0.00000000                   | CUSIP: D2371P107<br>LEI: 391200EUDABLUKXCKG48 | Long             | EC               | CORP              | DE        |     62545 | NS      | $1053580.78   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| ELMOS SEMICONDUCTOR SE /EUR/   | ELMOS SEMICONDUCTOR SE /EUR/ 0.00000000                | CUSIP: D2462G107<br>LEI: 529900UMKKDCAP4P4H63 | Long             | EC               | CORP              | DE        |     23825 | NS      | $3947477.53   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| TAG IMMOBILIEN AG /EUR/        | TAG IMMOBILIEN AG /EUR/ 0.00000000                     | CUSIP: D8283Q174<br>LEI: 529900TAE68USJNXLR59 | Long             | EC               | CORP              | DE        |    346020 | NS      | $5358316.24   | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| SARTORIUS AG-VORZUG /EUR/      | SARTORIUS AG-VORZUG /EUR/ 0.00000000                   | CUSIP: D6705R119<br>LEI: 529900EQV2DY4FOAMU38 | Long             | EC               | CORP              | DE        |     23861 | NS      | $5825691.31   | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CTS EVENTIM AG & CO KGAA /EUR/ | CTS EVENTIM AG & CO KGAA /EUR/ 0.00000000              | CUSIP: D1648T108<br>LEI: 529900FDHSN08UBJII80 | Long             | EC               | CORP              | DE        |     42614 | NS      | $2438298.59   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| INFINEON TECHNOLOGIES AG /EUR/ | INFINEON TECHNOLOGIES AG /EUR/ 0.00000000              | CUSIP: D35415104<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |     42020 | NS      | $1839786.87   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| RATIONAL AG /EUR/              | RATIONAL AG /EUR/ 0.00000000                           | CUSIP: D6349P107<br>LEI: 529900K139N6UFJ1A758 | Long             | EC               | CORP              | DE        |      6234 | NS      | $4467710.81   | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ATOSS SOFTWARE AG /EUR/        | ATOSS SOFTWARE AG /EUR/ 0.00000000                     | CUSIP: D0426N101<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |      7250 | NS      | $634862.20    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| BECHTLE AG /EUR/               | BECHTLE AG /EUR/ 0.00000000                            | CUSIP: D0873U103<br>LEI: 529900HA2QT774RUXW59 | Long             | EC               | CORP              | DE        |    121785 | NS      | $4091750.94   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| FRAPORT AG FRANKFURT AIR /EUR/ | FRAPORT AG FRANKFURT AIRPORT /EUR/ 0.00000000          | CUSIP: D3856U108<br>LEI: 5299001ERX0K10IZUL40 | Long             | EC               | CORP              | DE        |     22440 | NS      | $1918468.31   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NORDEX SE /EUR/                | NORDEX SE /EUR/ 0.00000000                             | CUSIP: D5736K135<br>LEI: 529900HVDYCUWVD0OE76 | Long             | EC               | CORP              | DE        |    121375 | NS      | $6368690.44   | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| PATRIZIA SE /EUR/              | PATRIZIA SE /EUR/ 0.00000000                           | CUSIP: D5988D110<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |    119825 | NS      | $958152.81    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| WACKER CHEMIE AG /EUR/         | WACKER CHEMIE AG /EUR/ 0.00000000                      | CUSIP: D9540Z106<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |     16788 | NS      | $1626757.54   | 0.88%             |  |  |  | No            |                  1 | On Loan: —       |
| WACKER NEUSON SE /EUR/         | WACKER NEUSON SE /EUR/ 0.00000000                      | CUSIP: D9553L101<br>LEI: 529900RJL86244E1I652 | Long             | EC               | CORP              | DE        |     46619 | NS      | $971156.57    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| RTL GROUP /EUR/                | RTL GROUP /EUR/ 0.00000000                             | CUSIP: L80326108<br>LEI: N/A                  | Long             | EC               | CORP              | LU        |     37084 | NS      | $1557442.34   | 0.84%             |  |  |  | No            |                  1 | On Loan: —       |
| FREENET AG /EUR/               | FREENET AG /EUR/ 0.00000000                            | CUSIP: D3689Q134<br>LEI: 5299003GLDODCVP8DO20 | Long             | EC               | CORP              | DE        |     30362 | NS      | $924253.41    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| HYPOPORT SE /EUR/              | HYPOPORT SE /EUR/ 0.00000000                           | CUSIP: D3149E101<br>LEI: 391200GNIFXXP6KRYQ46 | Long             | EC               | CORP              | DE        |     10862 | NS      | $887327.42    | 0.48%             |  |  |  | No            |                  1 | On Loan: —       |
| SMA SOLAR TECHNOLOGY AG /EUR/  | SMA SOLAR TECHNOLOGY AG /EUR/ 0.00000000               | CUSIP: D7008K108<br>LEI: 529900Q6JQHI8X451Q21 | Long             | EC               | CORP              | DE        |     31880 | NS      | $1691882.18   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| STROEER MEDIA AG /EUR/_        | STROEER MEDIA AG /EUR/_ 0.00000000                     | CUSIP: D8169G100<br>LEI: 529900MBF3N1ATE55378 | Long             | EC               | CORP              | DE        |     27245 | NS      | $955876.93    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| K+S AG-REG /EUR/               | K+S AG-REG /EUR/ 0.00000000                            | CUSIP: D48164129<br>LEI: 529900YURAYD4IJX2J91 | Long             | EC               | CORP              | DE        |    144565 | NS      | $2715055.03   | 1.46%             |  |  |  | No            |                  1 | On Loan: —       |
| EVONIK INDUSTRIES AG /EUR/     | EVONIK INDUSTRIES AG /EUR/ 0.00000000                  | CUSIP: D2R90Y117<br>LEI: 41GUOJQTALQHLF39XJ34 | Long             | EC               | CORP              | DE        |    259263 | NS      | $5003607.38   | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| SUSS MICROTEC SE /EUR/         | SUSS MICROTEC SE /EUR/ 0.00000000                      | CUSIP: D82791167<br>LEI: 529900C3KRUTSYDK7N87 | Long             | EC               | CORP              | DE        |     27618 | NS      | $1561160.81   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| TALANX AG /EUR/                | TALANX AG /EUR/ 0.00000000                             | CUSIP: D82827110<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |     57846 | NS      | $7038257.02   | 3.80%             |  |  |  | No            |                  1 | On Loan: No      |
| LEG IMMOBILIEN SE /EUR/        | LEG IMMOBILIEN SE /EUR/ 0.00000000                     | CUSIP: D4960A103<br>LEI: 391200SO40AKONBO0Z96 | Long             | EC               | CORP              | DE        |     29449 | NS      | $1903536.83   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| KION GROUP AG /EUR/            | KION GROUP AG /EUR/ 0.00000000                         | CUSIP: D4S14D103<br>LEI: 5299005KY91C4C6U9H17 | Long             | EC               | CORP              | DE        |     63495 | NS      | $3252646.43   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| KNORR-BREMSE AG /EUR/          | KNORR-BREMSE AG /EUR/ 0.00000000                       | CUSIP: D4S43E114<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |     69802 | NS      | $7813372.73   | 4.21%             |  |  |  | No            |                  1 | On Loan: No      |
| JOST WERKE SE /EUR/            | JOST WERKE SE /EUR/ 144A 0.00000000                    | CUSIP: D3S57J100<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |     14614 | NS      | $840228.71    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| JENOPTIK AG /EUR/              | JENOPTIK AG /EUR/ 0.00000000                           | CUSIP: D3S19K104<br>LEI: 529900P34GDHGXK6VB37 | Long             | EC               | CORP              | DE        |    204875 | NS      | $6656806.70   | 3.59%             |  |  |  | No            |                  1 | On Loan: No      |
| TRATON SE /EUR/                | TRATON SE /EUR/ 0.00000000                             | CUSIP: D8T4KC101<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |     56097 | NS      | $1992049.57   | 1.07%             |  |  |  | No            |                  1 | On Loan: —       |
| AUTO1 GROUP SE /EUR/           | AUTO1 GROUP SE /EUR/ 144A 0.00000000                   | CUSIP: D0R06D102<br>LEI: 391200S2LPXG5ZD5G304 | Long             | EC               | CORP              | DE        |     70760 | NS      | $1221314.49   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| RENK GROUP AG /EUR/            | RENK GROUP AG /EUR/ 0.00000000                         | CUSIP: D6S2UZ108<br>LEI: 894500H8CNSZ53EI6K63 | Long             | EC               | CORP              | DE        |     97441 | NS      | $5685429.78   | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SIEMENS ENERGY AG /EUR/        | SIEMENS ENERGY AG /EUR/ 0.00000000                     | CUSIP: D6T47E106<br>LEI: 5299005CHJZ14D4FDJ62 | Long             | EC               | CORP              | DE        |     21254 | NS      | $3483540.16   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| HENSOLDT AG /EUR/              | HENSOLDT AG /EUR/ 0.00000000                           | CUSIP: D3R14P109<br>LEI: 894500686FYLLZD3M624 | Long             | EC               | CORP              | DE        |     50589 | NS      | $4406621.62   | 2.38%             |  |  |  | No            |                  1 | On Loan: —       |
| TUI AG /EUR/                   | TUI AG /EUR/ 0.00000000                                | CUSIP: D8484K455<br>LEI: 529900SL2WSPV293B552 | Long             | EC               | CORP              | DE        |    517956 | NS      | $3945968.23   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| IONOS GROUP SE /EUR/           | IONOS GROUP SE /EUR/ 0.00000000                        | CUSIP: D3R77H101<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |     39795 | NS      | $1139417.21   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| TKMS AG& CO KGAA /EUR/         | TKMS AG& CO KGAA /EUR/ 0.00000000                      | CUSIP: D8T5DP107<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |     23606 | NS      | $2137828.29   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| FLATEXDEGIRO SE /EUR/          | FLATEXDEGIRO SE /EUR/ 0.00000000                       | CUSIP: D3690M106<br>LEI: 529900IRBZTADXJB6757 | Long             | EC               | CORP              | DE        |     50928 | NS      | $1725169.70   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| SILTRONIC AG /EUR/             | SILTRONIC AG /EUR/ 0.00000000                          | CUSIP: D6948S114<br>LEI: 5299003NKV26NNGHHR90 | Long             | EC               | CORP              | DE        |     23886 | NS      | $1436619.65   | 0.77%             |  |  |  | No            |                  1 | On Loan: —       |
| DELIVERY HERO SE /EUR/         | DELIVERY HERO SE /EUR/ 0.00000000                      | CUSIP: D1T0KZ103<br>LEI: 529900C3EX1FZGE48X78 | Long             | EC               | CORP              | DE        |    104420 | NS      | $1858831.59   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DWS                            | DWS Gov and Agency Sec Portfolio DWS Gov Cash Inst Shs | CUSIP: 147539670<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  16558661 | NS      | $16558661.10  | 8.93%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** The New Germany Fund, Inc.

**Signature:** Diane Kenneally

**Name of Signer:** Diane Kenneally

**Title:** Treasurer and Chief Financial Officer