Source: https://www.scribd.com/document/187799770/DWS-Investment
Timestamp: 2016-08-31 02:45:25
Document Index: 251479128

Matched Legal Cases: ['art5', 'art4', 'art3', 'art2', 'art1', 'art 1']

DWS Investment BrowseUploadSign inJoinBooksAudiobooksComicsSheet MusicWelcome to Scribd! Start your free trial and access books, documents and more.Find out moreDWS Investment GmbHDWS Emerging Markets
The DWS/DB Group is the largest German mutual fund company according to assets under management. Source: BVI. As of: April 30, 2009.
2009 (in accordance with article 44 (2) of the German Investment Act (InvG))O
Investment portfolio for the reporting period 8
. 2009.Contents
Semiannual report 2009 for the period from January 1. through June 30.
calculated in euro.8
. since a number of institutions reported quarterly results far in excess of expectations.5 (in U. Thus the MSCI World index.S.6 S&P 500 4. health care and utilities sectors performed above the market average. in euro terms). This was the case for stocks of small and medium-sized companies. accelerated downturn in the world economy in conjunction with a deterioration in corporate earnings caused considerable price pressure on the global stock markets. The prices received support in particular from some leading economic indicators. temporarily crossing the 70 U. Positive impulses in the U. equity market came in particular from the banking sector.5% (TOPIX index.
6/04* 6/05
Equity indices: Dow Jones STOXX 50 S&P 500 TOPIX DAX
On euro basis * June 30. following a stabilization period.3% in U. the weak economy kept commodity prices appreciably low.Equity markets in the fiscal six-month period through June 30.5 7. Particularly striking at country level was the upward trend of the Russian market.: S&P 500 – Japan: TOPIX – worldwide: MSCI World – Emerging Markets: MSCI Emerging Markets
Strong market movements over a five-year period 225 200 175 150 125 100 75 50
U.4% in euro terms.S. 2009
Improved sentiment in the international equity markets during this period At the start of 2009. defensive stocks from the telecommunications. of the comprehensive liquidity-enhancing measures undertaken by the central banks. This was also the case for crude oil. and in some cases even overcompensated.S. The S&P 500 index rose by 4. which turned out to be more favorable than expected and fueled hope of a regeneration of the economy. approaching at times the threshold of 1. 2004 = 100 “STOXX” is a registered trademark of STOXX Limited. The MSCI Emerging Markets index rose by 36. However.000 U. During that phase. European equities. they still managed to preserve their overall growth advantage over the industrial countries.5 3. gold continued to rise amid fluctuation against the backdrop of continuing crisis concerns.S.5 36.4 4. The strong upward trend was driven by financials and cyclical stocks. The biggest price gains since March 2009 were actually recorded by stocks that previously suffered under the heaviest downward pressure. which as a consequence of strong increases in energy prices rose by 58. which at times dipped below 40 U. among others.3 (in U. The comprehensive government stimulus packages and the expansive monetary policies pursued by the central banks both contributed to increased confidence. dollar mark.0 DAX Dow Jones STOXX 50 4. dollars) 36. Economic development in the emerging markets slowed dramatically in the first half of 2009.S. managed an overall net increase of 7. MSCI Emerging Markets
In local currency In euro Equity indices: Germany: DAX – Europe: Dow Jones STOXX 50 – U. From the middle of March 2009. for example.S. the extreme price declines since the start of 2009 could be offset. “DAX” is a registered trademark of Deutsche Börse AG
International equity markets in the fiscal six-month period through June 2009 Performance in % 0. Japanese equities rose by 3.9%. in euro) in the six months through the end of June 2009. dollars) in the first half of 2009. dollars per ounce.2% (Russian RTS. the increasing significance of the consumer in these emerging regions. recorded a gain of 4. With the improved sentiment in the markets. dollars per barrel of WTI during the reporting period. In general.S. both of which were trading at especially low valuations until midMarch 2009. The metal received continued support amid expectations of a significant price rise in view the problems of the financial sector can in fact be solved. dollars) 7. As a result. The results of the bank stress tests and of government support measures have given many investors increased reason to believe that 2 Crude oil prices on the rise again During the six-month period. a continued. structural changes in industry and demographic structures have come into sharper focus once again. Positive factors such as strong investment activity. as measured by the Dow Jones STOXX 50 index. however.8% in euro terms.5% in euro terms (7. The weaker yen was a boon to Japanese exports.S.S. the mood brightened and prices recovered significantly from the multi-year lows previously recorded as a result of the financial and economic crisis. the crude oil price also resumed a strong upward course.9 TOPIX MSCI World 9.
In the case of cross-border distribution.
Issue and redemption prices
Each exchange trading day on the Internet: www. c) the costs of asserting and enforcing the legal claims of the investment fund.
. the German version shall be binding. unless otherwise indicated. any branch of Deutsche Bank AG and from other paying agents. 2009. for example. which are. are used as the basis for calculating the value (BVI method).General information
The sole binding basis for a purchase are the current versions of the simplified and the detailed sales prospectuses. deductible taxes are added in the case of reinvesting funds.
Obligations for cross-border distribution (in accordance with article 129 of the German Investment Act (InvG)) Included in the annual report for the investment fund DWS Emerging Markets is an opinion issued by the independent auditor. All financial data in this publication is as of June 30. National or language versions must also be published for the semiannual report to be produced for the first half of the fiscal year. This opinion refers exclusively to the German version of the annual report for the investment fund. The tax information contained in the annual report for investors who are subject. which are available from DWS.dws. without limitation. reinvested free of charge within the scope of investment accounts at DWS. In the case of discrepancies between the German text of the report and any translation thereof. of a mutual fund investment is measured by the change in value of the fund’s units. The deadline for completing the text portions of the report was July 31. The details of the fee structure are set forth in the current detailed sales prospectus. one of the obligations of the investment company is to also publish the annual report for the investment fund in at least one of the national languages of the relevant country of distribution or in another language authorized by the responsible authorities in the relevant country of distribution. Past performance is not a guide to future results. The corresponding benchmarks – if available – are also presented in the report. 2009. The net asset values per unit (= redemption prices) with the addition of intervening distributions. to taxation in the Federal Republic of Germany and specific information for investors in a different country of distribution have been omitted in the national or specific language versions. b) any taxes that may arise in connection with administrative and custodial costs.com
Information about the all-in fee
The all-in fee does not include the following expenses: a) any costs that may arise in connection with the acquisition and disposal of assets. or performance.
Security code: 977 301 ISIN: DE0009773010 As of June 30. i.2% per unit. however.. these stocks recorded an above-average performance during the course of the price recovery in the international markets.1
China Mobile.8% (both percentages in euro terms). financials and real estate securities were the first to gain in price.5 10..2 1.0 0.e. These included Larsen & Toubro for example. This outperformance was due to the greater prominence given to Chinese and Indian stocks in the portfolio. As of June 30. the price gains made in the equity markets of the emerging markets significantly exceeded those of the established exchanges. excluding the initial sales charge.3 15.1 -16. Petroleo Brasileiro in particular profited from the recent renewed rise in the price of oil.2 +36.2 -31. 2009
DWS Emerging Markets Benchmark MSCI Emerging Markets All data on euro basis “BVI method” performance.
In % of the fund’s net assets
DWS EMERGING MARKETS Energy sector weighted more heavily Equities: 88. Past performance is no guide to future results.2 +54.3 17. the fund recorded an appreciation of 39. benchmark Performance at a glance
in % 88 66 44 +39.7 Energy Financials Information Technology Telecommunication Services Industrials Consumer Staples Materials Consumer Discretionary Health Care Not classified by MSCI system Warrants Investment funds Cash and other assets 0
26.5 10.6 1.5 1 year 3 years 5 years -0. DWS EMERGING MARKETS vs.1 8. 2009
DWS EMERGING MARKETS Five-year performance 310 275 240 205 170 135 100 65
6/04* 6/05 6/06 6/07 6/08 6/09
* 6/2004 = 100 in euro DWS Emerging Markets
“BVI method” performance. after a price gain following the announcement of the results of the parliamentary elections. and the low levels of debt. reductions in corporate taxes.9 5.1 5 10 15
In % of the fund’s net assets: Brazil China Russia Hong Kong Korea Taiwan Mexico India Canada Thailand Nigeria Other countries Warrants Investment funds Cash and other assets 18. the MSCI Emerging Markets. The fund was depressed.9 5. excluding the initial sales charge.8 22 0 -22 -44 6 months -19.2 4. The positions in Brazil also posted a solid performance overall.1 4.6 5. In terms of individual stocks.6 9. Past performance is no guide to future results. As of June 30. Despite a large number of customers and good operating results.6 0.2 1. Against this backdrop.4 11. which gained 36. thus placing it ahead of its benchmark.7 +73. followed in particular by industrials as time progressed. by the price performance for the largest Chinese mobile phone operator. In the reporting period from the start of January through the end of June 2009. 2009
Of the investments in India. the management realized some gains here.5 4.4 1.e. comprehensive monetary measures.1 3.0 0.7 16.2 0. i.DWS Emerging Markets
DWS Emerging Markets focused primarily on companies that have their registered offices or principal business activity in the emerging-market countries.2 14. the market saw a more limited potential for 6 growth for the group.2 1. The factors supporting this mainly included the revival of domestic demand.
The fo escript th/yea d n s o ie m it / r y u a c d e “ s in o is ortfoli ment p
Investment portfolio for the reporting period
.tes lete da r comp e investfo d e s th rmat u ions in r”.
. . . . . . . Motech Industries . . . . . Cosan S.31 0. . . . . . . . . . . . . Banco Bradesco Pref. . . . . . . . ADR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .15 0.44 12 777 280. . . . .17 7 821 144.45 1. . . . . . . . . . .A. .0700 5. . .0000 7. . . .3700 1. . .41 3 649 977.8200
240 000 1 615 555 350 000
2 954 935 100 000 200 000 258 500
180 000 30 000 50 000
36 340 100 000 1 500 000 300 000 160 000 5 047 285
2 491 789. . . .92 1 472 070.62 1. . . . .22 3 790 010. . . . . . . . . . de C. . . . . . . . . .40 7 146 970. . . . . . . . . .V. . . . .36 1. . . .44 3 660 482. . . . . .09
0.3000 14. . . . . . . . . . . . . . . . . .46 1. . . . .7400 42. . . . . . .26
1. . . . . .2500 26. . . . . . . . MRV Engenharia e Participacoes .39 0. . . . . . . . . . . Lupatech .14 1. . . . .07 5 338 343. .H (new) .93 2. . Cl. . . . . . . . .7400 6. . . China Insurance International Holdings 3) . . . . . . . . . . . . . . . . . . MediaTek . .96 4.37 1. . .44 1 007 889. . . . . . . . . . . . . . . . . . . . . .9500 16. .H (new) .15 2 406 900. . . . . . .36 2. . . . . . . Count Count 6 000 000 22 500 90 000 HKD USD 4. China Railway Group . . . . . . . . . . . . . . . .14 0. . . . .2800 17. . . . China Life Insurance Co. . . . CL.3100 8. . .82 1.06 12 904 753. . . .17 15 383 008. . . . .01 0. . . . . . . . . The Industrial & Commercial Bank of China Cl. . . . .93 0. . . . .2800 11. .5500 9. . . .A. . . . . . . . . . .3500 37. . .0900 49. . . . .70 5 496 668. . . . . . . . .33 3 266 617.61 1 164 389. . Sberegatelniy Bank Rossiyskoy Federatsii . . . . . . .2300 29. . . . . . . . . . . . . . . . . . . . . . . . . . . .93 3 498 168. . .02 2 564 512. .78 0. . . . . .55 4 268 748. . . . . . . . . . . . . . . . .39 0. . . .69 1. . . . . . . . . . . . . . . . . . . .93 1. . . . .92 0.72 2 011 816. . . . . . .4000 28. . . . .21 2 766 475. . . . . . . . .2200 20. . . . . . . . . . China Railway Construction Cl.H . . . . .81 1. . . . . . . . . . . . . . . . Vale S. . . . . . . . . . . . .2300 28. . . . . .52 1. . . .26 0. . . .07 0. . . . . . . . . . . .93 8 159 937. . . . . . . . . . . . . . . . . Banco do Estado do Rio Grande do Sul Cl. .42 2 973 681. . . .5000 39. . . . Mobil’niye TeleSistemy .A. China Shenhua Energy Co. Harbin Power Equipment Co.14 0. . . . . . . . .0000 871. . . . . Mobile Telesystems ADR . Addax Petroleum Corp. . . . . . . . . . . .04 777 098. . .72 8 740 536.8250 10. . . .5000 10. . . . . . . . .6000 5. . . . . . . . . .0100 15. . . . . . . . .99 4. .05 2 964 490. . . . . . . .0600 77. OAO TMK GDR Reg S . . . . . . . . Industria e Comercio . Santos Brasil Participacoes Units (new) . . . . . . . . . . . . .5400 17. China Construction Bank Cl. . . . . . . Wal-Mart de Mexico V .2000 7. . . . . . . .6300 38.31 3. . . Lojas Renner . . . . . .75 1. . . . . . . . . .30 2. . Muslim Commercial Bank (MCB) GDR Reg S . . . . . . . . . . . . . 3) .5000 13. . . . . . . . . . . . .41 3. . . . . . . . . .5500 41. . . Wistron Corp. . . . . . . . . . . .B .96 0. Genomma Lab Internacional . . .99 2 773 403. . Cia Vale Do Rio Doce (CVDR) Pref. . . . . .13 2. . . . . . .96 5 458 863.20 800 585. .17 281 614. . . . . . . . . . . . . . . . . . . Alibaba. Southgobi Energy Resources . . . . . . . . . . . . . . . . . . . . .41 1. . . . China Mengniu Dairy Co. . . . China High Speed Transmission . Cl. . .9600 6. ADR) . Hang Seng Bank . . . . . . . . . . . . .8000 22. . . . . . . . .95 5. Telekomunikasi Indonesia B . . .36 14 953. . . . . . . . . . . . . . . . High Tech Computer Corp. .54
87.56 1 573 669. . . . . . .H . . . . . . . . . . . . . . . . America Movil S. ASUSTeK Computer . . . Unlisted securities Equities China South Locomotive and Rolling Stock Cl. . . . . . .23 2 504 087. . . . . . . .63
154 300 200 000 187 700
4 215 382. . . . . . . .08 6 987 106. . .11
. . . . . . . . . . . . . .60 0.71 1 337 369. . . . . . . . . . . . . . .36 3 393 553.15 1 567 277.45 2. . . . .96 4 720 129. . . . . . . . . .7700 30. . . . . .0000 27.60 0. . . . . . . . . . . . . . . .44 2 416 357. .93 0.00 1. .21 0. . . . . .30 2 025 018. . . . . . . . . . . . . . .6547 Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count Count 950 000 308 339 549 021 154 300 500 000 187 700 300 000 305 000 78 600 650 000 500 000 115 000 1 354 600 2 700 000 13 000 000 2 500 000 2 433 000 3 000 000 1 800 000 1 800 000 2 200 000 4 500 000 1 800 000 4 164 000 300 000 2 000 000 6 000 000 6 000 000 6 004 000 114 200 47 000 2 451 000 18 948 750 000 2 200 003 240 000 3 185 923 350 000 2 3 625 000 280 000 3 023 647 550 000 250 000 236 646 150 000 250 000 306 996 200 000 399 740 334 800 440 000 4 160 715 300 000 114 200 47 000 BRL BRL BRL BRL BRL BRL BRL BRL BRL BRL BRL CAD CAD HKD HKD HKD HKD HKD HKD HKD HKD HKD HKD HKD HKD HKD HKD HKD IDR INR 12. . . . . .75 1 549 515. . . . . . . . . . . . . . . . . . . . . (Spons.0000 46. . . . . . . . . .H (new) . . . . Petróleo Brasileiro ADR .0000 101. . . . . . . .10 0. . .64 2. .H (new) . . . . .39 3. . . . . . . . . . . .13 7 755 556.3800 34. . . . . . China Mobile LTD .8200 30.61 0. . . . . . . . . . . . .30 6 197 629.7000
227 474 752. . . . . . . . . Lukoil Oil ADR . . . . . . . . . . . . . .6100 109. . . . . . . . .8000 9. . United Bank for Africa GDR . . . . . . . .5000 54. . . . . . . . Cia Brasileira de Meios de Pagamento . . . . . . .78 1. . Natura Cosmeticos . . . . . . . . . . .88 938 827. . . . . . . . . . . . . . . Grupo Mexico B .20 2 991 244.2000 25. . . .0400 5. .H . . . . . . . . . . . . . . . . . . .6000 11. . . . . . . . . . . . . . . .DWS Emerging Markets
Investment portfolio – June 30. .57 5. . . . . .H . . . . . . . . . . . . . . . . . . . .7200 14. . . Gazprom . . . . .01 2 406 164. . . . . . . . . . . . . . Hon Hai Precision Industry Co. . . . . .10 3 131 310. . . . . . .92 3 530 949. Samsung Electronics Co. . . . . . . . . . JSC MMC Norilsk Nickel ADR . . Cl. . . . . . . . . .4400 16. .01 1 583 590. . . . . . . Larsen & Toubro GDR . . . . . . . .61 1. . . . . . . . .23 8 118 109. . . . . . . . . . . . . . . . . . . . . . . . . . . . .48 3 615 610.07
115 000 72 300 2 700 000 13 000 000
5 000 000 200 000 1 450 000 4 200 000
230 000 2 800 000 1 500 000 1 800 000 2 000 000 300 000 6 000 000 7 000 000 5 000 000 3 000 000
KRW 592 000. . . . .34 11 189 562. . PetroChina Co. . .0000 MXN MXN MXN TWD TWD TWD TWD TWD TWD USD USD USD USD USD USD USD USD USD USD USD USD USD USD 11. ICICI Bank ADR . . . . . . .27 2 963 802. United Spirits . . . . . . . .15 4. . . . . .4000 7 500. . . . . . . . . . . . . . . .com 3) .6500 2.46 3 775 630. . . . . . .97 1.09 4 700 919. . . . . 2009
Count/ currency (– / ‘000) Quantity/ principal amount Purchases/ Sales/ additions disposals in the reporting period Total market value in EUR % of net assets
Securities traded on an exchange Equities All America Latina Logistica Units . . . . . . . . . . . .06 0.0000 128.01 1. . .5000 18.6000 464.35 3. . . . CNOOC Subdiv. . . . . . . . . . . .5000 392. . . . .31 2. . . . . . Gazprom ADR . . . . .99 1. . .12 0. . . . . . . . . . .
. . . .37 -0. .82 3 914 643. . . . . . . . . . . . . .17 CFPT . . . . . .00 535 560. . . . . .09 Infosys Technologies . . . . . .37 0. . . . Indian rupee . . .0150 1. . . . .61 59 244. . .32 0. .10 Hindustan Lever . . .01 0. . . South Korean won . . . . . . . . . . . . . . . .11 Housing Development Finance . . . . . . . . . . . . . . . . . . Deutsche Bank London/General Forwarding 17.94 2 299 345. . . . . Malaysian ringgit . Taiwan dollar . Initial margin . . . .08. . . . . . . . . . . . . . . . . .5756 Count 6 000 EUR 89. .80 777 619. . . . . . .07 % % % % % % % % % % % % % 100 100 100 100 100 100 100 100 100 100 100 100 100 EUR 80 342.27 -3 556 817.26 13 948. . . . . . . .96
10. . . . . . . . . . . . . .89 1. . . Cash. .00
646 312. . . . . dollar . . . . . . . .12 -373 916. Other assets Dividends receivable . Hong Kong dollar . .30 240 942. Deutsche Bank London WRT 11. . . . . . . .97 -100 879 531.00 0. . . . . . .54
0. . Singapore dollar . .35 66 342. . . . .30 977.45 318 772. . . . . . . . . . . . . . . . . . . .09 0. . . .
. .51 2.85 1 882 715. . . . . .99 17 955. . . . . . . . . . . . .5983 2. . . . . . . .00 230 783 715. . . . . . . . . . . . .12 1. non-securitized money market instruments. . . . . .00 0. . . .2600
535 560. . . . . . . . . . . . . . . . .43 -0. .10. .43 0. .52 1 334 738. . . . . . . . .80
0. . . . . .70 956 630. . .28 4 167 707. .00 535 560. . ML WRT 30. . ML WRT 01. . Thai baht . .74 3 147 728. . .00 0. . . . . . . . . . . Total securities portfolio Derivatives Minus signs denote short positions Derivatives on individual securities Warrants on securities Equity warrants Nomura Bank Int.76 7 850. . . . . Deposits in non-EU/EEA currencies Canadian dollar . . . . .14
30 000 150 000 80 000 750 000
2 675 213. . . . . . . . . .25 0. .01. . . . . WRT 16. . . . .35 1 546. .00
Negligible rounding errors may have arisen due to the rounding of calculated percentages. . . .92 1 638. . . .17 Songda Urban & I Deutsche Bank London WRT 27. . . . . .02 11 759. . . . . . . . . . .00 0. . . .59 0. . . . . . .01. . . . . and money market funds Cash at bank Demand deposits at Custodian Deposits in EU/EEA currencies . . . .48 0. . . . . . . . . . . . .15
1. . . . . . .12. . . . .08 823 799. . . . . . . . . . . . . . Other liabilities .57 -0. .09.09. . . . . . . . .62 2 964 598. . . . . .10 Sonatel . . .14 100.19 -567 278. . . . . . . . . . . . . . . . .02 0.91
25 956 030. . .01. . . . .64 2. . . . . .03
8 910. .03 1. . . . . . . . . . .9594 37. ML WRT 26. . . . . . .21 1. . . . . . Philippine peso . . . . . .00 718 924. . . . . South African rand .27 551 338. . .48 2 439 224. . .10 38 780. . .27 % % % 100 100 100 CAD HKD IDR KRW MXN MYR PHP SGD THB TRY TWD USD ZAR 14 499. . . . . . . .00 0. . . . . . . .01 0.39 1 530 594. . .88 3 625.21 0. .03
80 342. . U.S. . . .02. . . . . . . Turkish lira . . . .00 1. . .01 0.22
-1 123 864. . . . . . .14 -373 916. Loans in non-EU/EEA currencies Brazilian real . . .15 2 675 213. . . . . . .22 3 713 015. . . . . . . . . . . .17 Saigon Sec . . . . .06 -1 491 758. . . . . . . . . . .95 5 206 415. . . . . . . . . .39 52 704. . . . .19 9 005 698. . . . . . .86
0. . .05 58 353. . .129
-0. . .95 1 255 584. Net assets Net asset value per unit Number of units outstanding BRL INR EUR -3 097 610. . . . .01 -1. .10 Taiwan Semiconductor . . Deutsche Bank London WRT 11. .21 0. . .5782 3. . .92
0. . .09 .92 16 203. . . . . . Short-term liabilities EUR loans . . . . . . . .07.13 % % % 100 100 100 EUR -567 278. . . . .3975 3. . . . . . . . . . . .DWS Emerging Markets
Description Count/ currency (– / ‘000) Quantity/ principal amount Purchases/ Sales/ additions disposals in the reporting period Market price Total market value in EUR % of net assets
Investment fund units In-group fund units DWS Invest Africa FC (0. . . . . . . . . . . . . . . . . . . . . . .6672 48. . . . . . . .61 491 882. . .22 6 863 131. . . . . . . . . . . . . . . . . .26 13 948. . . . . . . . .5694 46. . . . . .74 3 147 728. . . . . . . . . . . . .09 2 796 506. .21 88. . . . . . . . . . . . Other receivables . . .99 62. . . . ML WRT 05/01.86 % 100 EUR EUR EUR 551 338. . . .10 Bharat Heavy Electricals . . .27 851 966 876.13 259 571 157.21 0. . . . . . . . . Mexican peso . . . ML WRT 18. . . . . . .0922 5. . . . . . . .51 0. . . .850%) . . . . . . . . . . . . . . Indonesian rupiah . . . . . . .9357 5. . . . . . . . . . . . . . . . .54 % 100 Count Count Count Count Count Count Count Count Count Count 4 000 450 000 250 000 600 000 175 000 120 000 5 806 686 150 000 87 440 750 000 8 650 EUR USD USD USD USD USD USD USD USD USD 161. . . . . .02 0. . . . . . .
. . . . in the case of warrants. . ML WRT 24. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Deutsche Bank London WRT 17. investment fund units and promissory note loans (Schuldscheindarlehen). . . . . . . . Global Investment House GDR . . . . .281133 1.
Transactions completed during the reporting period that no longer appear in the investment portfolio
Purchases and sales of securities. . . . . . . . . . . . . . . . Taiwan dollar . . . . . . . . . purchases and sales are shown) Additions Warrants Disposals
Securities traded on an exchange Equities Eurasian Natural Resources . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .624589 1 808. . . . . . . . Philippine peso . . . . . . . The management fee/all-in fee rates in effect as of the reporting date for the investment fund units held in the securities portfolio are shown in parentheses. . . . . . . . . . . . .756215 1. . . . . . . . . . . . . . . . . . A plus sign means that a performance-based fee may also be charged. .931904 14 380. . . . . . . . . . Canadian dollar . . . . . . . . . . VTB Bank OJSC GDR . . . . . . . . . . . . . .17 Satyam CS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . charges and fees may have been incurred at the level of these individual target funds. . . . . . . . . .17 ICICI Bank . . . Count AU Optronics ADR . . . . . . . . . . . No initial sales charges or redemption fees were paid during the period under review. . . . . . . . . . . . . .883649 2. . . . . . .538519 4. . . . . . . . . . . Turkish lira . . . . . . . . . . . . . . . . . . . 2009 Brazilian real . . . . . Cia Vale Do Rio Doce ADR . Bunge Limited . . . . . . . . . . . . . Gitanjali Gems GDR Reg S . . . . . . .989735 2. . . . . . . . or total opening transactions. . . . . . . . . . . . . . . U. . . . . .01. . Count ESPRIT Holdings . Novatek GDR Reg S . . . . . . . . .041491 47. South African rand . . . . . . .03. . . . . . . . . .01. . . . . . . Count Count Count Count 18 000 000 400 000 458 000 283 961 18 000 000
Value (’000) Futures contracts Equity index futures Contracts purchased: (Underlying(s):: KOSPI 200. . . . . . . . . . .960116 = = = = = = = = = = = = = = = EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Security prices and market rates The fund’s assets are valued on the basis of the last known prices/market rates. . . . . . . . . . . . . . . . .09 Vietnam Dairy . . . . Mexican peso . . . . . . . . . . . . further costs. Indian rupee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .627280 10.165415 46. . . . . . . . . . .DWS Emerging Markets
Exchange rates (indirect quotes) As of June 30. . . . . . BRL CAD HKD IDR INR KRW MXN MYR PHP SGD THB TRY TWD USD ZAR 2. . . . . Malaysian ringgit . . . . . . Deutsche Bank London WRT 17. . . . . Hang Seng Index) EUR EUR 27 042 44 555
. . . . . . . . . . Thai baht . . MSCI Taiwan Index) Contracts sold: (Underlying(s):: Hang Seng China Enterprises Index. . . . . . . . . . . . . . . . . . . . . . . . . .410550 10. . . . . . Count Count Count Count Count Count Count Count 400 000 1 500 000 500 000 300 000 1 500 000 500 000 2 600 000 2 323 256 400 000 70 000 300 000 1 600 000 245 000 100 000 100 000 600 000 Warrants on securities Equity warrants Deutsche Bank London WRT 17. . . . . . . . Count Coretronic Corp. . . . . . . . . . . . . . . . . . . . . . . . . . Depa . . . . . . . . .962315 67. . . . . . . . . . . . . . . . . .748890 18. market classifications are as of the reporting date
Description Count/ currency (– / ‘000) Purchases/ additions Sales/ disposals
Derivatives (option premiums realized in opening transactions. . . . Indonesian rupiah . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Singapore dollar . . . . . . . . . . . . . . .558550 67. . . Count China Merchants Holdings (International) .08. . . . . Hong Kong dollar . . . As the fund held units of other investment funds (target funds). . . . . . . . . dollar . .S. . . . South Korean won .12 United Bank for Africa . Count Celestial Nutrifoods . . .
Footnotes 3) These securities were completely or partly transferred under securities loans as of the end of the reporting period (see list at the end of the report). . . . . .
.DWS Emerging Markets
Derivatives (option premiums realized in opening transactions. . . . . China Insurance International Holdings . . . . . . or total opening transactions. . .70 10 035 909. China South Locomotive and Rolling Stock Cl. .H (new). . . . dollar EUR EUR 19 327 21 954 EUR EUR 1 179 1 456
Securities loans (total transactions. . . . China High Speed Transmission.H (new). .com . or Currency (’000)
Securities loans Total market value in euro Perpetual
Addax Petroleum Corp. . in the case of warrants. . . . . . .H.40
.85 3 393 553. . . . . .88 10 452 644. .40 3 600 470. at the value agreed at the closing of the loan contract) Value (’000)
(Security description: China Construction Bank Cl. . . purchases and sales are shown) Value (’000) Currency futures Futures contracts to purchase currencies Hong Kong dollar U.95
Total collateral pledged by third parties for securities loans including: Bonds Equities
10 730 174. China Railway Group. .48 277 530. . The Industrial & Commercial Bank of China Cl. . Alibaba. . .95 10 035 909. . China Life Insurance Co.H)
The following securities were transferred under securities loans at the reporting date:
Principal amount Count. . . . . . . . . . . . .S. . . . . . . dollar Futures contracts to sell currencies Hong Kong dollar U. . .S. . . . . . . China Mengniu Dairy Co. . Cl. . . . Total receivables from securities loans
100 000 2 700 000 2 400 000
3 041 885. . . .. . . .
Frankfurt/Main Chairman
CustodianDepotbank State Street Bank GmbH Brienner Straße 59 D-80333 München Liable equity capital as of December 31. Stephan Kunze (until June 30. Sohn & Co. Frankfurt/Main Prof. Boris Liedtke Frankfurt/Main Michael Reinicke
Arne Wittig (since April 2. Frankfurt/Main Ingo Gefeke (since July 1.. 2008: EUR 427 million Capital stock as of December 31. 2009) Chairman of Deutsche Bank Stiftung. Frankfurt/Main Heinz-Wilhelm Fesser (until February 28. 2009) Chairman of the Supervisory Board of Deutsche Börse AG. Frankfurt/Main Chairman Dr. Reinfried Pohl Chairman of the Management Board of Deutsche Vermögensberatung AG.1 million Capital stock as of December 31. KGaA. 2008: EUR 131. 2009) Frankfurt/Main Dr. Frankfurt/Main Thomas Richter Frankfurt/Main Axel Schwarzer (since July 1. Metzler seel. Stefan Marcinowski Former member of the Executive Board of the BASF SE. Frankfurt/Main
. Frankfurt/Main Vice-Chairman Martin Edelmann (since April 2. 2008: EUR 108 million
Management Klaus Kaldemorgen also Managing Director of DWS Finanz-Service GmbH. Dr. Berlin Professor Dr. Edgar Meister Former member of the Executive Board of the Deutsche Bundesbank. 2008: EUR 115 million Supervisory Board Dr. h. Frankfurt/Main Member of the Board of Directors of DWS Investment S. 2009) Deutsche Bank AG. 2009) Deutsche Bank AG. Hugo Bänziger (since April 2.Investment Company DWS Investment GmbH D-60612 Frankfurt/Main Liable equity capital as of December 31. Frankfurt/Main also Managing Director of Deutsche Asset Management International GmbH. 2009) Member of the Management Board of Deutsche Bank AG. Frankfurt/Main
also Managing Director of DWS Holding & Service GmbH. Berlin Vice-Chairman Dr. Dr. Klaus Pohle (until April 2. Ludwigshafen Dr. jur. 2009)
Dr. Frankfurt/Main Christian Strenger Frankfurt/Main Kevin Parker (until April 2. 2009) Frankfurt/Main Shareholder of DWS Investment GmbH
Thomas Rodermann (since April 2. Luxembourg Dr. 2009) Member of the Group Executive Committee of Deutsche Bank AG. Manfred Gentz (until April 2.A. 2009) Luxembourg Dr. Frankfurt/Main Friedrich von Metzler Partner in the banking firm B. Tessen von Heydebreck (until April 2. Frankfurt/Main
Frankfurt/Main Jochen Wiesbach also Managing Director of DWS Holding & Service GmbH. 2009) Deutsche Bank AG. 2009) Berlin DWS Holding & Service GmbH. c. Asoka Wöhrmann (since March 1. 2009) also Managing Director of DWS Finanz-Service GmbH.
: +49 (0)18 03 10 11 10 11 Fax: +49 (0)18 03 10 11 10 50 www.dws.com
.DWS Investment GmbH D-60612 Frankfurt/Main Tel.
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