| | Shares | | Value ($) |
| Common Stocks 95.6% |
| Argentina 2.1% |
| Globant SA* | | 104,700 | | 11,202,900 |
| Grupo Supervielle SA (ADR) (a) | | 133,000 | | 372,400 |
| (Cost $7,509,063) | | 11,575,300 |
| Brazil 1.7% |
| Magazine Luiza SA | | 407,961 | | 4,334,195 |
| Pagseguro Digital Ltd. "A"* | | 149,930 | | 5,088,624 |
| (Cost $8,433,811) | | 9,422,819 |
| Canada 9.4% |
| Agnico Eagle Mines Ltd. | | 158,900 | | 9,440,930 |
| Alimentation Couche-Tard, Inc. "B" | | 177,200 | | 5,797,720 |
| Brookfield Asset Management, Inc. "A" | | 307,500 | | 17,790,691 |
| Canada Goose Holdings, Inc.* (a) | | 117,003 | | 4,496,728 |
| Canadian National Railway Co. | | 79,800 | | 7,245,862 |
| Toronto-Dominion Bank | | 123,000 | | 7,092,201 |
| (Cost $30,579,288) | | 51,864,132 |
| China 7.8% |
| Alibaba Group Holding Ltd. (ADR)* | | 50,000 | | 10,000,000 |
| Luckin Coffee, Inc. (ADR)* (a) | | 72,704 | | 2,192,026 |
| Minth Group Ltd. | | 490,633 | | 1,688,030 |
| Momo, Inc. (ADR) | | 104,200 | | 3,900,206 |
| New Oriental Education & Technology Group, Inc. (ADR)* | | 35,285 | | 4,272,308 |
| Ping An Healthcare and Technology Co., Ltd. 144A* (a) | | 69,900 | | 466,198 |
| Ping An Insurance (Group) Co. of China Ltd. "H" | | 1,042,500 | | 11,840,269 |
| Tencent Holdings Ltd. | | 201,300 | | 8,520,816 |
| (Cost $28,780,139) | | 42,879,853 |
| Finland 0.3% |
| Sampo Oyj "A" (Cost $1,913,205) | | 39,744 | | 1,606,821 |
| France 13.2% |
| Airbus SE | | 33,602 | | 4,939,233 |
| BNP Paribas SA | | 60,000 | | 3,363,626 |
| Capgemini SE | | 65,414 | | 7,725,891 |
| Cie de Saint-Gobain | | 74,285 | | 3,003,826 |
| LVMH Moet Hennessy Louis Vuitton SE | | 28,500 | | 12,765,878 |
| Orpea | | 34,880 | | 4,313,677 |
| SMCP SA 144A* | | 266,037 | | 3,371,629 |
| Teleperformance | | 38,500 | | 9,104,805 |
| TOTAL SA | | 188,000 | | 9,883,420 |
| VINCI SA | | 86,539 | | 9,423,035 |
| Vivendi SA | | 170,665 | | 4,682,716 |
| (Cost $64,132,635) | | 72,577,736 |
| Germany 12.6% |
| adidas AG | | 4,580 | | 1,426,718 |
| Allianz SE (Registered) | | 41,150 | | 9,851,593 |
| BASF SE | | 79,662 | | 5,986,181 |
| Deutsche Boerse AG | | 88,300 | | 13,541,895 |
| Deutsche Post AG (Registered) | | 87,000 | | 3,242,961 |
| Evonik Industries AG | | 200,920 | | 5,834,331 |
| Fresenius Medical Care AG & Co. KGaA | | 101,000 | | 7,402,268 |
| LANXESS AG | | 71,500 | | 4,761,991 |
| SAP SE | | 54,000 | | 7,335,948 |
| Siemens AG (Registered) | | 29,400 | | 3,791,800 |
| TeamViewer AG* | | 217,485 | | 6,250,855 |
| (Cost $66,483,237) | | 69,426,541 |
| Hong Kong 1.0% |
| Techtronic Industries Co., Ltd. (Cost $1,463,460) | | 718,001 | | 5,396,222 |
| Ireland 3.8% |
| Experian PLC | | 374,004 | | 12,383,349 |
| Kerry Group PLC "A" | | 64,070 | | 8,222,446 |
| (Cost $12,219,280) | | 20,605,795 |
| Japan 10.2% |
| Daikin Industries Ltd. | | 80,400 | | 11,587,069 |
| Fast Retailing Co., Ltd. | | 15,900 | | 9,708,234 |
| Hoya Corp. | | 83,000 | | 7,574,449 |
| Kao Corp. | | 36,900 | | 2,906,815 |
| Keyence Corp. | | 25,400 | | 8,704,287 |
| Komatsu Ltd. | | 67,800 | | 1,592,995 |
| MISUMI Group, Inc. | | 122,489 | | 3,039,360 |
| Mitsubishi UFJ Financial Group, Inc. | | 330,800 | | 1,745,340 |
| Pigeon Corp. | | 125,200 | | 5,825,068 |
| Shimadzu Corp. | | 110,200 | | 3,321,926 |
| (Cost $44,617,958) | | 56,005,543 |
| Korea 1.4% |
| Samsung Electronics Co., Ltd. (Cost $8,010,494) | | 180,900 | | 7,705,587 |
| Luxembourg 1.0% |
| Eurofins Scientific SE (a) (Cost $2,404,905) | | 10,700 | | 5,608,313 |
| Macau 0.9% |
| Sands China Ltd. (Cost $5,334,191) | | 1,011,200 | | 4,828,520 |
| Malaysia 0.8% |
| IHH Healthcare Bhd. (Cost $4,445,595) | | 3,592,600 | | 4,612,742 |
| Netherlands 3.8% |
| Adyen NV 144A* | | 388 | | 297,683 |
| ASML Holding NV | | 20,846 | | 5,657,795 |
| ING Groep NV | | 534,868 | | 6,148,237 |
| Koninklijke Philips NV | | 143,000 | | 6,636,866 |
| Prosus NV* | | 32,959 | | 2,247,468 |
| (Cost $20,084,947) | | 20,988,049 |
| Norway 0.6% |
| Mowi ASA (Cost $1,537,178) | | 133,285 | | 3,307,165 |
| Singapore 2.1% |
| DBS Group Holdings Ltd. (Cost $9,563,255) | | 611,400 | | 11,283,954 |
| South Africa 0.9% |
| Naspers Ltd. "N" (Cost $7,542,377) | | 32,959 | | 4,704,938 |
| Sweden 2.6% |
| Assa Abloy AB "B" | | 115,400 | | 2,738,283 |
| Hexagon AB "B" | | 34,839 | | 1,965,314 |
| Nobina AB 144A | | 725,500 | | 4,929,006 |
| Spotify Technology SA* (b) | | 30,600 | | 4,362,030 |
| (Cost $12,278,006) | | 13,994,633 |
| Switzerland 7.9% |
| Alcon, Inc.* | | 20,948 | | 1,154,593 |
| Julius Baer Group Ltd.* | | 39,600 | | 1,862,526 |
| Lonza Group AG (Registered)* | | 41,200 | | 13,974,268 |
| Nestle SA (Registered) | | 104,161 | | 10,811,768 |
| Novartis AG (Registered) | | 85,505 | | 7,866,757 |
| Roche Holding AG (Genusschein) | | 25,600 | | 7,886,733 |
| (Cost $28,544,571) | | 43,556,645 |
| Taiwan 1.2% |
| Taiwan Semiconductor Manufacturing Co., Ltd. (Cost $4,056,354) | | 670,000 | | 6,705,999 |
| United Kingdom 3.9% |
| Clinigen Healthcare Ltd.* | | 305,800 | | 3,437,967 |
| Compass Group PLC | | 225,250 | | 5,512,645 |
| Farfetch Ltd. "A"* (b) | | 132,200 | | 1,316,712 |
| Halma PLC | | 156,200 | | 4,251,717 |
| Prudential PLC | | 376,500 | | 6,686,232 |
| (Cost $19,100,532) | | 21,205,273 |
| United States 6.4% |
| Activision Blizzard, Inc. | | 83,400 | | 4,572,822 |
| EPAM Systems, Inc.* | | 43,000 | | 9,109,550 |
| Marsh & McLennan Companies, Inc. | | 53,393 | | 5,770,181 |
| MasterCard, Inc. "A" | | 19,842 | | 5,798,428 |
| NVIDIA Corp. | | 10,743 | | 2,328,438 |
| Schlumberger Ltd. | | 83,604 | | 3,026,465 |
| Thermo Fisher Scientific, Inc. | | 14,000 | | 4,395,300 |
| (Cost $18,721,260) | | 35,001,184 |
| Total Common Stocks (Cost $407,755,741) | | 524,863,764 |
| Convertible Preferred Stocks 0.2% |
| United States | |
| Providence Service Corp. 5.5% (c) (Cost $572,300) | | 5,723 | | 856,584 |
| Other Investments 0.4% |
| Brazil | |
| Companhia Vale do Rio Doce (Cost $0) | | 389,000 | | 2,206,171 |
| Exchange-Traded Funds 1.7% |
| United States | |
| iShares MSCI Japan ETF (Cost $9,279,858) | | 155,235 | | 9,225,616 |
| Securities Lending Collateral 1.7% |
| DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", 1.53% (d) (e) (Cost $9,300,393) | | | 9,300,393 | | 9,300,393 |
| Cash Equivalents 1.6% |
| DWS Central Cash Management Government Fund, 1.63% (d) (Cost $9,011,310) | | | 9,011,310 | | 9,011,310 |
| | % of
Net Assets | | Value ($) |
| Total Investment Portfolio (Cost $435,919,602) | 101.2 | | 555,463,838 |
| Other Assets and Liabilities, Net | (1.2) | | (6,490,132) |
| Net Assets | 100.0 | | 548,973,706 |
| | | | | | | | | | | |
| * | Non-income producing security. |
| (a) | All or a portion of these securities were on loan. In addition, "Other Assets and Liabilities, Net" may include pending sales that are also on loan. The value of securities loaned at November 30, 2019 amounted to $9,519,353, which is 1.7% of net assets. |
| (b) | Listed on the New York Stock Exchange. |
| (c) | Investment was valued using significant unobservable inputs. |
| (d) | Affiliated fund managed by DWS Investment Management Americas, Inc. The rate shown is the annualized seven-day yield at period end. |
| (e) | Represents cash collateral held in connection with securities lending. Income earned by the Fund is net of borrower rebates. In addition, the Fund held non-cash U.S. Treasury securities collateral having a value of $751,496. |
| (f) | Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount invested in cash collateral for the period ended November 30, 2019. |
| 144A: Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
| ADR: American Depositary Receipt |
| MSCI: Morgan Stanley Capital International |
| At November 30, 2019 the DWS International Growth Fund had the following sector diversification: |
