New Germany:GF

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    Overview

    As of 10/23/2020

     Share
    Price
    NAVPremium/
    Discount
    Current$17.24$20.14-14.40%
    52 Wk Avg$15.07$17.55-14.18%
    52 Wk High$17.95$20.73-10.48%
    52 Wk Low$8.24$11.32-21.19%
    Regular Distribution TypeIncome Only
    Distribution Rate3.95%
    Distribution Amount$0.3405
    Distribution FrequencySemi-Annually
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    To achieve capital appreciation by investing primarily in equity and equity-linked securities of small and middle market German companies. The Fund may invest up to 35% of its assets in large cap. German companies and up to 20% in other Western European companies, with no more than 10% in any single country outside of Germany. To maintain an overweight position in the telecommunications, media and technology sectors as these are still the most attractive investment opportunities in selective new economy stocks.

    Capital Structure

    As of 10/23/2020

    Total Investment Exposure:$338.432M
    Total Common Assets:$316.468M
    Common Shares Outstanding:15,729,028
    Leverage

    As of 10/22/2020

    Preferred Share Assets:
    Total Debt (USD): $21.964M
    Regulatory Leverage (USD):
    Effective Leverage (USD): $21.964M
    Effective Leverage (%): 6.49%
    Annual Expense Ratios

    As of 12/31/2019

      Per Common Share
    Management Fees0.68%
    Other Expenses:0.48%
    Baseline Expense: N/A
    Interest Expense:N/A
    Total: 1.16%
    Fund Management

    Fund Sponsor
    Deutsche Investment Management Inc

    Portfolio Managers
    Philipp Schweneke, Valerie Schueler

    Basics
    Category: Equity-Single-Country Equity
    Ticker: GF
    NAV Ticker: XGFNX
    Average Daily Volume (shares): 21,671
    Average Daily Volume (USD): $0.316M
    Inception Date: 1/30/1990
    Inception Share Price: $20.00
    Inception NAV: $13.95
    Tender Offer: Yes
    Term: No
    Fiscal Year End: December 31
    Third Party Links & Reports

    Distributions

    As of 10/23/2020

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 6/30/2020
    $0.0065
    Annualized Distribution Rate on NAV:
    As of 10/23/2020
    3.38%
    Total Return on NAV (12 months):
    As of 10/23/2020
    30.33%
    Total % Portfolio Effectively Leveraged:
    As of 10/23/2020
    6.49%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 10/23/2020

    PeriodAvg Discount
    6 Month-15.09%
    1 Year-14.18%
    3 Year-12.30%
    5 Year-11.82%
    Z-Score

    As of 10/23/2020

    PeriodZStat
    3 Month0.36
    6 Month0.65
    1 Year-0.13
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 9/30/2020
    Category: Morningstar US CEF Single Country Equity

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD10.50%12.81%-1.75%2.14%
    201938.78%36.94%28.46%27.79%
    2018-23.34%-22.25%-19.28%-18.54%
    201754.47%48.54%30.32%26.73%
    2016-2.93%-0.09%0.42%-0.96%
    201513.47%13.61%7.09%7.39%
    2014-8.27%-7.93%-2.96%-1.24%
    201356.60%47.34%29.15%27.15%
    201232.46%30.43%22.50%20.67%
    2011-18.47%-18.48%-12.41%1.54%
    201031.66%22.83%10.09%11.10%
    200952.03%44.77%54.91%43.58%
    2008-53.08%-46.82%-51.57%-44.88%
    200725.10%24.68%  
    200644.07%43.75%  
    200519.10%13.03%  
    200430.54%23.89%  
    2003102.44%93.08%  
    2002-39.52%-39.60%  
    2001-33.86%-35.68%  
    2000-15.36%-12.00%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 9/30/2020
    Category: Morningstar US CEF Single Country Equity

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 6/30/2020
    64
    Annual Portfolio Turnover:
    As of 12/31/2019
    36.00%
    Asset Allocation

    As of 6/30/2020 reported by Fund Sponsor

    Top Sectors

    As of 6/30/2020 reported by Fund Sponsor

    Sector%Portfolio
    Cyclical (Super Sector)39.03%
    Sensitive (Super Sector)31.18%
    Consumer Cyclical18.48%
    Industrials14.86%
    Defensive (Super Sector)11.92%
    Communication Services11.92%
    Basic Materials9.85%
    Cash Equivalents (Super Sector)7.64%
    Cash Equivalents7.64%
    Healthcare7.50%
    Top Holdings

    As of 6/30/2020 reported by Fund Sponsor

    HoldingValue% Portfolio
    HelloFresh SE Bearer Shares$18.66M6.13%
    Delivery Hero SE$18.63M6.12%
    Airbus SE$16.56M5.44%
    Zalando SE$16.07M5.28%
    LEG Immobilien AG$12.94M4.25%
    Symrise AG$12.33M4.05%
    Teamviewer Ag$11.64M3.83%
    Scout24 AG$10.63M3.49%
    Dialog Semiconductor PLC$9.44M3.10%
    Brenntag AG$9.18M3.02%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    EWB-1014244PR-E1119W