DWS Global/international Fund NPORT-P DWS ESG International Core Equity Fund (May 2020 report)

Investment Portfolio as of May 31, 2020 (Unaudited)

DWS ESG International Core Equity Fund

(formerly DWS European Equity Fund)

		Shares			Value ($)
Common Stocks 96.9%
Australia 0.8%
Sydney Airport (Units) (Cost $116,311)	20,643				80,627
Austria 0.5%
Erste Group Bank AG* (Cost $47,326)	2,236				49,619
Belgium 0.5%
KBC Group NV (Cost $59,132)	859				44,861
Denmark 2.9%
Novo Nordisk AS "B" (Cost $204,938)	4,346				284,020
Finland 1.9%
Neste Oyj  (Cost $114,393)	4,447				179,710
France 12.4%
BNP Paribas SA*	4,225				151,534
Bureau Veritas SA*	3,745				76,360
Capgemini SE	1,680				173,633
Danone SA*	1,497				102,405
Kering SA	221				115,480
LVMH Moet Hennessy Louis Vuitton SE	406				169,320
SEB SA	1,284				176,245
Valeo SA*	1,067				26,508
Worldline SA 144A*	2,749				207,115
(Cost $1,121,744)					1,198,600
Germany 8.1%
Allianz SE (Registered)	1,181				214,264
BASF SE	1,768				95,730
Deutsche Boerse AG	631				103,942
LANXESS AG*	2,037				105,620
Merck KGaA	1,474				170,075
Puma SE*	1,268				90,810
(Cost $703,444)					780,441
Ireland 1.4%
Kingspan Group PLC (Cost $115,128)	2,129				131,696
Italy 1.9%
Moncler SpA* (Cost $64,941)	4,845				181,053
Japan 22.0%
Aeon Mall Co., Ltd.	3,400				47,801
AGC, Inc.	3,600				101,967
Astellas Pharma, Inc.	3,600				63,978
Central Japan Railway Co.	600				102,582
Chugai Pharmaceutical Co., Ltd.	900				132,888
CyberAgent, Inc.	1,900				95,750
Daiwa House REIT Investment Corp. (REIT)	22				54,375
Dentsu Group, Inc.	1,700				45,675
Japan Prime Realty Investment Corp. (REIT)	13				39,714
Japan Real Estate Investment Corp. (REIT)	9				49,123
Japan Retail Fund Investment Corp. (REIT)	38				50,235
KDDI Corp.	2,200				64,082
Marubeni Corp.	16,700				81,027
Mitsubishi Corp.	6,900				160,911
Mitsubishi Electric Corp.	5,500				72,394
Mitsubishi UFJ Financial Group, Inc.	28,400				117,249
Nippon Telegraph & Telephone Corp.	2,500				56,597
NTT DoCoMo, Inc.	3,100				84,792
Shionogi & Co., Ltd.	1,500				88,516
Softbank Corp.	4,900				62,142
SoftBank Group Corp.	1,700				76,839
Sumitomo Mitsui Financial Group, Inc.	4,100				118,444
Sumitomo Mitsui Trust Holdings, Inc.	2,400				70,587
Takeda Pharmaceutical Co., Ltd.	1,600				62,322
Terumo Corp.	3,700				145,234
Toshiba Corp.	1,800				49,277
United Urban Investment Corp. (REIT)	29				30,735
(Cost $2,236,017)					2,125,236
Netherlands 8.7%
ASML Holding NV	653				214,433
Heineken NV	1,907				175,234
ING Groep NV	12,987				83,693
Koninklijke DSM NV	1,430				183,055
Koninklijke Philips NV*	2,898				132,033
Royal Dutch Shell PLC "A"	3,566				55,976
(Cost $761,965)					844,424
Norway 1.3%
DNB ASA* (Cost $156,684)	9,187				125,511
Portugal 0.9%
Galp Energia, SGPS, SA (Cost $112,386)	7,453				89,072
Singapore 0.4%
ComfortDelGro Corp., Ltd. (Cost $58,711)	33,200				33,924
Spain 4.3%
Ferrovial SA	2,044				55,401
Grifols SA	4,355				136,192
Iberdrola SA	21,006				226,030
(Cost $331,327)					417,623
Sweden 5.2%
Assa Abloy AB "B"	4,795				97,864
Epiroc AB "A"	5,355				59,640
Hexagon AB "B"*	1,871				103,384
Skanska AB "B"*	2,808				56,204
Swedbank AB "A"*	7,711				96,581
Swedish Match AB	1,332				92,676
(Cost $497,110)					506,349
Switzerland 11.8%
Kuehne & Nagel International AG (Registered)*	398				57,395
Lonza Group AG (Registered)	306				150,515
Nestle SA (Registered)	4,046				440,007
Schindler Holding AG	263				61,424
Sika AG (Registered)	1,026				176,566
Straumann Holding AG (Registered)	104				84,493
Swiss Life Holding AG (Registered)	120				42,287
Swiss Prime Site AG (Registered)	581				54,037
Temenos AG (Registered)	131				20,201
Zurich Insurance Group AG	151				48,715
(Cost $870,925)					1,135,640
United Kingdom 11.9%
Auto Trader Group PLC 144A	8,493				58,878
British American Tobacco PLC	5,049				200,013
BT Group PLC	24,374				35,313
Compass Group PLC	12,895				188,754
Diageo PLC	5,912				205,401
ITV PLC	34,341				34,385
M&G PLC	13,564				23,486
National Grid PLC	5,762				66,123
Prudential PLC	13,564				176,729
RELX PLC	4,972				115,073
SSE PLC	3,111				47,805
(Cost $1,362,609)					1,151,960
Total Common Stocks (Cost $8,935,091)			9,360,366
Preferred Stocks 0.5%
Germany
Porsche Automobil Holding SE (Cost $60,170)	794				43,236
Cash Equivalents 0.4%
DWS Central Cash Management Government Fund, 0.12% (a) (Cost $37,797)	37,797				37,797
		% of Net Assets			Value ($)
Total Investment Portfolio (Cost $9,033,058)	97.8			9,441,399
Other Assets and Liabilities, Net	2.2			215,784
Net Assets	100.0			9,657,183

For information on the Fund's policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements.

A summary of the Fund's transactions with affiliated investments during the period ended May 31, 2020 are as follows:

Value ($) at           8/31/2019	Purchases Cost ($)	Sales Proceeds ($)	Net Realized Gain/ (Loss) ($)	Net Change in Unrealized Appreci- ation (Deprecia- tion) ($)	Income ($)	Capital Gain Distribu- tions ($)	Number of Shares at 05/31/2020	Value ($) at 05/31/2020
Securities Lending Collateral 0.0%
DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", 0.07% (a) (b)
—	— (c)	—	—	—	5,860	—	—	—
Cash Equivalents 0.4%
DWS Central Cash Management Government Fund, 0.12% (a)
162,297	10,006,438	10,130,938	—	—	1,871	—	37,797	37,797
162,297	10,006,438	10,130,938	—	—	7,731	—	37,797	37,797

*	Non-income producing security.
(a)	Affiliated fund managed by DWS Investment Management Americas, Inc.  The rate shown is the annualized seven-day yield at period end.
(b)	Represents cash collateral held in connection with securities lending. Income earned by the Fund is net of borrower rebates.
(c)	Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount invested in cash collateral for the period ended May 31, 2020.
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.
REIT: Real Estate Investment Trust
At May 31, 2020 the DWS ESG International Core Equity Fund had the following sector diversification:

Sector Diversification	Market Value ($)	As a % of Investment Portfolio excluding Cash Equivalents
Financials	1,467,502		16	%
Health Care	1,450,266		15	%
Industrials	1,393,766		15	%
Consumer Staples	1,215,736		13	%
Consumer Discretionary	991,406		11	%
Information Technology	718,766		8	%
Communication Services	614,453		6	%
Materials	560,971		6	%
Utilities	339,958		4	%
Real Estate	326,020		3	%
Energy	324,758		3	%
Total	9,403,602		100	%

Sector diversification is subject to change.

Fair Value Measurements

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, and credit risk). Level 3 includes significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.

The following is a summary of the inputs used as of May 31, 2020 in valuing the Fund's investments.

Assets			Level 1		Level 2		Level 3		Total
Common Stocks
	Australia	$	—	$	80,627	$	—	$	80,627
	Austria		—		49,619		—		49,619
	Belgium		—		44,861		—		44,861
	Denmark		—		284,020		—		284,020
	Finland		—		179,710		—		179,710
	France		—		1,198,600		—		1,198,600
	Germany		—		780,441		—		780,441
	Ireland		—		131,696		—		131,696
	Italy		—		181,053		—		181,053
	Japan		—		2,125,236		—		2,125,236
	Netherlands		—		844,424		—		844,424
	Norway		—		125,511		—		125,511
	Portugal		—		89,072		—		89,072
	Singapore		—		33,924		—		33,924
	Spain		—		417,623		—		417,623
	Sweden		—		506,349		—		506,349
	Switzerland		—		1,135,640		—		1,135,640
	United Kingdom		—		1,151,960		—		1,151,960
Preferred Stocks			—		43,236		—		43,236
Short-Term Investments			37,797		—		—		37,797
Total		$	37,797	$	9,403,602	$	—	$	9,441,399