# EDGAR Filing Document

**Accession Number:** 0000858706
**File Stem:** 0001752724-23-038056
**Filing Date:** 2023-2
**Character Count:** 31470
**Document Hash:** dde42955c6c691bfad0b4b2218d9961e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-038056.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001752724-23-038056

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NEW GERMANY FUND INC
- **CENTRAL INDEX KEY:** 0000858706
- **IRS NUMBER:** 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:** 23663701

**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:** 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:** New Germany Fund Inc

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

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $162488358.67

**Total Liabilities:** $1086256.14

**Net Assets:** $161402102.53

**Cash Not Reported:** $16142.26

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 6.47%                | 10.80%               | -3.38%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2653906.86             | $11606206.86                               |
| Month 2  | $8100.46                 | $17934367.12                               |
| Month 3  | $-424749.92              | $1845946.91                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| DELIVERY HERO SE /EUR/         | DELIVERY HERO SE /EUR/ 0.00000000                      | CUSIP: D1T0KZ103<br>LEI: 529900C3EX1FZGE48X78 | Long             | EC               | CORP              | DE        |    113662 | NS      | $5432326.85   | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ENCAVIS AG /EUR/               | ENCAVIS AG /EUR/ 0.00000000                            | CUSIP: D2R4PT120<br>LEI: 391200ECRGNL09Y2KJ67 | Long             | EC               | CORP              | DE        |     83282 | NS      | $1643073.95   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PUMA SE /EUR/                  | PUMA SE /EUR/ 0.00000000                               | CUSIP: D62318148<br>LEI: 529900GRZ2BQY5ZM9N49 | Long             | EC               | CORP              | DE        |     30000 | NS      | $1815477.30   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| GFT TECHNOLOGIES SE /EUR/      | GFT TECHNOLOGIES SE /EUR/ 0.00000000                   | CUSIP: D2823P101<br>LEI: 5299002FNBSGW23ULF72 | Long             | EC               | CORP              | DE        |     26916 | NS      | $975296.82    | 0.60%             |  |  |  | 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        |    215214 | NS      | $4220698.95   | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| AMADEUS FIRE AG /EUR/          | AMADEUS FIRE AG /EUR/ 0.00000000                       | CUSIP: D0349N105<br>LEI: 391200TJJ820ZDHNFJ33 | Long             | EC               | CORP              | DE        |      3234 | NS      | $399010.53    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| DERMAPHARM HOLDING SE /EUR/    | DERMAPHARM HOLDING SE /EUR/ 0.00000000                 | CUSIP: D1T0ZJ103<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |     43727 | NS      | $1751051.91   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| STRATEC SE /EUR/               | STRATEC SE /EUR/ 0.00000000                            | CUSIP: D8T6E3103<br>LEI: 529900ZZJWANAFSPGV30 | Long             | EC               | CORP              | DE        |      4916 | NS      | $425519.28    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| VANTAGE TOWERS AG /EUR/        | VANTAGE TOWERS AG /EUR/ 0.00000000                     | CUSIP: D8T6E6106<br>LEI: 213800BBQO965UPQ7J59 | Long             | EC               | CORP              | DE        |     27012 | NS      | $925440.03    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| AIXTRON SE /EUR/ /PERPETUAL/   | AIXTRON SE /EUR/ /PERPETUAL/ 0.00000000                | CUSIP: D0257Y135<br>LEI: 5299004UJ4D51M25LD67 | Long             | EC               | CORP              | DE        |    208632 | NS      | $6005489.02   | 3.72%             |  |  |  | No            |                  1 | On Loan: No      |
| PROSIEBENSAT.1 MEDIA SE /EUR/  | PROSIEBENSAT.1 MEDIA SE /EUR/ 0.00000000               | CUSIP: D6216S143<br>LEI: 529900NY0WWQUKOMWQ37 | Long             | EC               | CORP              | DE        |    159142 | NS      | $1418266.34   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| GEA GROUP AG /EUR/             | GEA GROUP AG /EUR/ 0.00000000                          | CUSIP: D28304109<br>LEI: 549300PHUU0ZZWO8EO07 | Long             | EC               | CORP              | DE        |     85221 | NS      | $3474533.46   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| VERBIO VEREINIGTE BIOENE /EUR/ | VERBIO VEREINIGTE BIOENERGI /EUR/ 0.00000000           | CUSIP: D86145105<br>LEI: 529900W51PINCFFALS96 | Long             | EC               | CORP              | DE        |     13499 | NS      | $873093.45    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| TEAMVIEWER AG /EUR/            | TEAMVIEWER AG /EUR/ 0.00000000                         | CUSIP: D8T895100<br>LEI: 3912000FZ0R0KEK9JS42 | Long             | EC               | CORP              | DE        |     97908 | NS      | $1258668.88   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| DEUTSCHE PFANDBRIEFBANK  /EUR/ | DEUTSCHE PFANDBRIEFBANK AG /EUR/ 144A 0.00000000       | CUSIP: D1R83Y100<br>LEI: DZZ47B9A52ZJ6LT6VV95 | Long             | EC               | CORP              | DE        |    111807 | NS      | $867540.81    | 0.54%             |  |  |  | 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        |     29480 | NS      | $1875254.64   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SAF-HOLLAND SE /EUR/           | SAF-HOLLAND SE /EUR/ 0.00000000                        | CUSIP: L7999D106<br>LEI: 222100QJQLUJHWREL058 | Long             | EC               | CORP              | DE        |    110807 | NS      | $1042499.91   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| CANCOM SE /EUR/                | CANCOM SE /EUR/ 0.00000000                             | CUSIP: D8238N102<br>LEI: 391200T4AUN1BPBXAO14 | Long             | EC               | CORP              | DE        |     25754 | NS      | $752051.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| SIEMENS ENERGY AG /EUR/        | SIEMENS ENERGY AG /EUR/ 0.00000000                     | CUSIP: D6T47E106<br>LEI: 5299005CHJZ14D4FDJ62 | Long             | EC               | CORP              | DE        |     49313 | NS      | $925003.27    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| BRENNTAG SE /EUR/              | BRENNTAG SE /EUR/ 0.00000000                           | CUSIP: D12459117<br>LEI: NNROIXVWJ7CPSR27SV97 | Long             | EC               | CORP              | DE        |     53445 | NS      | $3406539.19   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| PFEIFFER VACUUM TECHNOLO /EUR/ | PFEIFFER VACUUM TECHNOLOGY /EUR/ 0.00000000            | CUSIP: D6058X101<br>LEI: 8945004AW6QK8JHNQP69 | Long             | EC               | CORP              | DE        |      3864 | NS      | $707686.50    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| AROUNDTOWN SA /EUR/            | AROUNDTOWN SA /EUR/ 0.00000000                         | CUSIP: L0269F109<br>LEI: 529900H4DWG3KWMBMQ39 | Long             | EC               | CORP              | LU        |    250000 | NS      | $582478.98    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| HELLOFRESH SE /EUR/            | HELLOFRESH SE /EUR/ 0.00000000                         | CUSIP: D3R2MA100<br>LEI: 391200ZAF4V6XD2M9G57 | Long             | EC               | CORP              | DE        |    211994 | NS      | $4645142.36   | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| LANXESS AG /EUR/               | LANXESS AG /EUR/ 0.00000000                            | CUSIP: D5032B102<br>LEI: 529900PTLRE72EMYIJ77 | Long             | EC               | CORP              | DE        |     75267 | NS      | $3028534.09   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| NEMETSCHEK SE  /EUR/           | NEMETSCHEK SE /EUR/ 0.00000000                         | CUSIP: D56134105<br>LEI: 529900R0S2IX1S358J38 | Long             | EC               | CORP              | DE        |     34567 | NS      | $1759444.30   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| LEG IMMOBILIEN SE /EUR/        | LEG IMMOBILIEN SE /EUR/ 0.00000000                     | CUSIP: D4960A103<br>LEI: 391200SO40AKONBO0Z96 | Long             | EC               | CORP              | DE        |     61000 | NS      | $3962308.56   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| DUERR AG /EUR/                 | DUERR AG /EUR/ 0.00000000                              | CUSIP: D23279108<br>LEI: 5299003APZ54EDTSRO20 | Long             | EC               | CORP              | DE        |     21465 | NS      | $722110.42    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| TAG IMMOBILIEN AG /EUR/        | TAG IMMOBILIEN AG /EUR/ 0.00000000                     | CUSIP: D8283Q174<br>LEI: 529900TAE68USJNXLR59 | Long             | EC               | CORP              | DE        |     80000 | NS      | $516146.28    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| FUCHS PETROLUB SE-PREF /EUR/   | FUCHS PETROLUB SE-PREF /EUR/ 0.00000000                | CUSIP: D27462379<br>LEI: 529900SNF9E1P5ZO4P98 | Long             | EC               | CORP              | DE        |     28435 | NS      | $993615.64    | 0.62%             |  |  |  | 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        |     13609 | NS      | $1734271.35   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| FREENET AG /EUR/               | FREENET AG /EUR/ 0.00000000                            | CUSIP: D3689Q134<br>LEI: 5299003GLDODCVP8DO20 | Long             | EC               | CORP              | DE        |    110968 | NS      | $2418466.11   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| BEFESA SA /EUR/                | BEFESA SA /EUR/ 144A 0.00000000                        | CUSIP: L0R30V103<br>LEI: 222100VXGA8L6J4ZWG61 | Long             | EC               | CORP              | LU        |     89049 | NS      | $4282592.42   | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| PATRIZIA SE /EUR/              | PATRIZIA SE /EUR/ 0.00000000                           | CUSIP: D5988D110<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |     34224 | NS      | $378422.57    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| INSTONE REAL ESTATE GROU /EUR/ | INSTONE REAL ESTATE GROUP SE /EUR/ 144A 0.00000000     | CUSIP: D3706C100<br>LEI: 391200DINUIRPDZQHX03 | Long             | EC               | CORP              | DE        |     34763 | NS      | $299417.58    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CARL ZEISS MEDITEC AG -  /EUR/ | CARL ZEISS MEDITEC AG - BR /EUR/ 0.00000000            | CUSIP: D14895102<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |     28797 | NS      | $3623660.99   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| FIELMANN AG /EUR/              | FIELMANN AG /EUR/ 0.00000000                           | CUSIP: D2617N114<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |     16489 | NS      | $651504.23    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| SUSE SA /EUR/                  | SUSE SA /EUR/ 0.00000000                               | CUSIP: L62573107<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |     73463 | NS      | $1320374.89   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| CHERRY SE /EUR/                | CHERRY SE /EUR/ 0.00000000                             | CUSIP: D1T3GZ102<br>LEI: 984500DF98AA2E011444 | Long             | EC               | CORP              | DE        |     94182 | NS      | $761945.00    | 0.47%             |  |  |  | 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        |     14275 | NS      | $777630.51    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMERZBANK AG /EUR/           | COMMERZBANK AG /EUR/ 0.00000000                        | CUSIP: D172W1279<br>LEI: 851WYGNLUQLFZBSYGB56 | Long             | EC               | CORP              | DE        |    830000 | NS      | $7827450.12   | 4.85%             |  |  |  | No            |                  1 | On Loan: No      |
| SHOP APOTHEKE EUROPE NV /EUR/  | SHOP APOTHEKE EUROPE NV /EUR/ 144A 0.00000000          | CUSIP: N7975Z103<br>LEI: 529900JK6UXHY1YKZ082 | Long             | EC               | CORP              | NL        |     11189 | NS      | $526762.49    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| KWS SAAT SE AND CO KGAA /EUR/  | KWS SAAT SE AND CO KGAA /EUR/ 0.00000000               | CUSIP: D39062100<br>LEI: 529900FR2K4P9L9XLV21 | Long             | EC               | CORP              | DE        |     34657 | NS      | $2371021.57   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| MORPHOSYS AG /EUR/             | MORPHOSYS AG /EUR/ 0.00000000                          | CUSIP: D55040105<br>LEI: 529900493806K77LRE72 | Long             | EC               | CORP              | DE        |     20084 | NS      | $283164.98    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| JENOPTIK AG /EUR/              | JENOPTIK AG /EUR/ 0.00000000                           | CUSIP: D3S19K104<br>LEI: 529900P34GDHGXK6VB37 | Long             | EC               | CORP              | DE        |     35077 | NS      | $956907.15    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| KRONES AG /EUR/                | KRONES AG /EUR/ 0.00000000                             | CUSIP: D47441171<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |     12368 | NS      | $1386038.47   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| EVOTEC SE /EUR/                | EVOTEC SE /EUR/ 0.00000000                             | CUSIP: D1646D105<br>LEI: 529900F9KI6OYITO9B12 | Long             | EC               | CORP              | DE        |    135831 | NS      | $2212279.23   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| HENSOLDT AG /EUR/              | HENSOLDT AG /EUR/ 0.00000000                           | CUSIP: D3R14P109<br>LEI: 894500686FYLLZD3M624 | Long             | EC               | CORP              | DE        |     87443 | NS      | $2062546.90   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| HYPOPORT SE /EUR/              | HYPOPORT SE /EUR/ 0.00000000                           | CUSIP: D3149E101<br>LEI: 391200GNIFXXP6KRYQ46 | Long             | EC               | CORP              | DE        |      2786 | NS      | $289618.69    | 0.18%             |  |  |  | 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        |    114419 | NS      | $2306835.44   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| THYSSENKRUPP AG /EUR/          | THYSSENKRUPP AG /EUR/ 0.00000000                       | CUSIP: D8398Q119<br>LEI: 549300UDG16DOYUPR330 | Long             | EC               | CORP              | DE        |    720293 | NS      | $4378906.62   | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| SCOUT24 SE /EUR/               | SCOUT24 SE /EUR/ 144A 0.00000000                       | CUSIP: D345XT105<br>LEI: 5493007EIKM2ENQS7U66 | Long             | EC               | CORP              | DE        |    113144 | NS      | $5667200.69   | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW WORK SE /EUR/              | NEW WORK SE /EUR/ 0.00000000                           | CUSIP: D5S1L6106<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |      9070 | NS      | $1477230.72   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| AURUBIS AG /EUR/               | AURUBIS AG /EUR/ 0.00000000                            | CUSIP: D10004105<br>LEI: 5299005SHIN9ZK7GW242 | Long             | EC               | CORP              | DE        |     10703 | NS      | $872284.10    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| KION GROUP AG /EUR/            | KION GROUP AG /EUR/ 0.00000000                         | CUSIP: D4S14D103<br>LEI: 5299005KY91C4C6U9H17 | Long             | EC               | CORP              | DE        |     85336 | NS      | $2438187.85   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| GERRESHEIMER AG /EUR/          | GERRESHEIMER AG /EUR/ 0.00000000                       | CUSIP: D2852S109<br>LEI: 5299006GD4UWSYZOKC28 | Long             | EC               | CORP              | DE        |     47166 | NS      | $3161369.07   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| SALZGITTER AG /EUR/            | SALZGITTER AG /EUR/ 0.00000000                         | CUSIP: D80900109<br>LEI: 529900E12Z6HXIMHFA15 | Long             | EC               | CORP              | DE        |     17922 | NS      | $545534.86    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| JUNGHEINRICH - PRFD /EUR/      | JUNGHEINRICH - PRFD /EUR/ 0.00000000                   | CUSIP: D37552102<br>LEI: 529900PHZORTU6FSXE73 | Long             | EC               | CORP              | DE        |    167174 | NS      | $4742531.46   | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| FLATEXDEGIRO AG /EUR/          | FLATEXDEGIRO AG /EUR/ 0.00000000                       | CUSIP: D3690M106<br>LEI: 529900IRBZTADXJB6757 | Long             | EC               | CORP              | DE        |     53679 | NS      | $362426.64    | 0.22%             |  |  |  | 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        |     17696 | NS      | $718648.10    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| 1&1 AG /EUR/                   | 1&1 AG /EUR/ 0.00000000                                | CUSIP: D5934B101<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |     26047 | NS      | $322479.57    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| VOSSLOH AG /EUR/               | VOSSLOH AG /EUR/ 0.00000000                            | CUSIP: D9494V101<br>LEI: 5299003HAEOUVX3HWX43 | Long             | EC               | CORP              | DE        |      3919 | NS      | $163545.47    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| HELLA GMBH & CO KGAA /EUR/     | HELLA GMBH & CO KGAA /EUR/ 0.00000000                  | CUSIP: D3R112160<br>LEI: 529900PLX4ADJFWIY024 | Long             | EC               | CORP              | DE        |     10272 | NS      | $833759.39    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| SECUNET SECURITY NETWORK /EUR/ | SECUNET SECURITY NETWORKS AG /EUR/ 0.00000000          | CUSIP: D69074108<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |       765 | NS      | $160357.56    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| JOST WERKE AG /EUR/            | JOST WERKE AG /EUR/ 144A 0.00000000                    | CUSIP: D3S57J100<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |     32885 | NS      | $1846163.24   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| TALANX AG /EUR/                | TALANX AG /EUR/ 0.00000000                             | CUSIP: D82827110<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |     48284 | NS      | $2283965.31   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| TELEFONICA DEUTSCHLAND H /EUR/ | TELEFONICA DEUTSCHLAND HOLDI /EUR/ 0.00000000          | CUSIP: D8T9CK101<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |    783989 | NS      | $1927038.61   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| STABILUS SE /EUR/              | STABILUS SE /EUR/ 0.00000000                           | CUSIP: D76913108<br>LEI: 529900JOSL94HJN4VZ28 | Long             | EC               | CORP              | DE        |      1607 | NS      | $107883.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| RTL GROUP /EUR/                | RTL GROUP /EUR/ 0.00000000                             | CUSIP: L80326108<br>LEI: N/A                  | Long             | EC               | CORP              | LU        |     58574 | NS      | $2465632.23   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| ABOUT YOU HOLDING SE /EUR/     | ABOUT YOU HOLDING SE /EUR/ 0.00000000                  | CUSIP: D0R5GC102<br>LEI: 894500DKEE3GY8870322 | Long             | EC               | CORP              | DE        |    176088 | NS      | $1105079.69   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| BECHTLE AG /EUR/               | BECHTLE AG /EUR/ 0.00000000                            | CUSIP: D0873U103<br>LEI: 529900HA2QT774RUXW59 | Long             | EC               | CORP              | DE        |     50518 | NS      | $1782524.50   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| STEICO SE /EUR/                | STEICO SE /EUR/ 0.00000000                             | CUSIP: D7632P119<br>LEI: 5299007UCGLCBLO3OE49 | Long             | EC               | CORP              | DE        |      6262 | NS      | $288390.12    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| HUGO BOSS AG  -ORD /EUR/       | HUGO BOSS AG  -ORD /EUR/ 0.00000000                    | CUSIP: D34902102<br>LEI: 529900LFVU534EBRXD13 | Long             | EC               | CORP              | DE        |     89779 | NS      | $5189672.22   | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| SIXT SE /EUR/                  | SIXT SE /EUR/ 0.00000000                               | CUSIP: D69899116<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |     10833 | NS      | $993759.13    | 0.62%             |  |  |  | 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        |   2208322 | NS      | $2208318.06   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| EVONIK INDUSTRIES AG /EUR/     | EVONIK INDUSTRIES AG /EUR/ 0.00000000                  | CUSIP: D2R90Y117<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |     93202 | NS      | $1784075.06   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| RHEINMETALL AG /EUR/           | RHEINMETALL AG /EUR/ 0.00000000                        | CUSIP: D65111102<br>LEI: 5299001OU9CSE29O6S05 | Long             | EC               | CORP              | DE        |     40034 | NS      | $7949598.02   | 4.93%             |  |  |  | No            |                  1 | On Loan: No      |
| FRIEDRICH VORWERK GROUP  /EUR/ | FRIEDRICH VORWERK GROUP SE /EUR/ 0.00000000            | CUSIP: D2R9Z3109<br>LEI: 529900NBM89YAM5ENI18 | Long             | EC               | CORP              | DE        |     15913 | NS      | $374495.99    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| DEUTSCHE LUFTHANSA-REG /EUR/   | DEUTSCHE LUFTHANSA-REG /EUR/ 0.00000000                | CUSIP: D1908N106<br>LEI: 529900PH63HYJ86ASW55 | Long             | EC               | CORP              | DE        |    664089 | NS      | $5503693.71   | 3.41%             |  |  |  | No            |                  1 | On Loan: No      |
| DEUTZ AG /EUR/                 | DEUTZ AG /EUR/ 0.00000000                              | CUSIP: D39176108<br>LEI: 5299005DETTV58V2PP63 | Long             | EC               | CORP              | DE        |    682421 | NS      | $2946895.74   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| KLOECKNER & CO SE /EUR/        | KLOECKNER & CO SE /EUR/ 0.00000000                     | CUSIP: D40376101<br>LEI: 529900CQ31CN6GV5LL52 | Long             | EC               | CORP              | DE        |     50307 | NS      | $495851.73    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| KNAUS TABBERT AG /EUR/         | KNAUS TABBERT AG /EUR/ 0.00000000                      | CUSIP: D4S484103<br>LEI: 391200V57NOSGK8UVW09 | Long             | EC               | CORP              | DE        |     27739 | NS      | $947386.71    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVEM GROUP SA /EUR/           | NOVEM GROUP SA /EUR/ 0.00000000                        | CUSIP: L14547100<br>LEI: 222100KIY63U7PV8N251 | Long             | EC               | CORP              | LU        |    151003 | NS      | $1334450.36   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| SILTRONIC AG /EUR/             | SILTRONIC AG /EUR/ 0.00000000                          | CUSIP: D6948S114<br>LEI: 5299003NKV26NNGHHR90 | Long             | EC               | CORP              | DE        |      7000 | NS      | $509155.47    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| STROEER MEDIA AG /EUR/_        | STROEER MEDIA AG /EUR/_ 0.00000000                     | CUSIP: D8169G100<br>LEI: 529900MBF3N1ATE55378 | Long             | EC               | CORP              | DE        |     29871 | NS      | $1388750.23   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

**Name of Applicant:** New Germany Fund Inc

**Signature:** Diane Kenneally

**Name of Signer:** Diane Kenneally

**Title:** Treasurer and Chief Financial Officer