New Germany:GF

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    Overview

    As of 7/3/2022. NAV as of 7/1/2022.

     Share
    Price
    NAVPremium/
    Discount
    Current$8.40$9.33-9.97%
    52 Wk Avg$16.03$17.94-10.78%
    52 Wk High$21.37$24.07-5.68%
    52 Wk Low$8.31$9.33-13.94%
    Regular Distribution TypeIncome Only
    Distribution Rate17.27%
    Distribution Amount$0.7254
    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 7/3/2022

    Total Investment Exposure:$144.901M
    Total Common Assets:$144.901M
    Common Shares Outstanding:15,530,655
    Annual Expense Ratios

    As of 12/31/2021

      Per Common Share
    Management Fees0.66%
    Other Expenses:0.45%
    Baseline Expense: N/A
    Interest Expense:N/A
    Total: 1.11%
    Fund Management

    Fund Sponsor
    DWS

    Portfolio Managers
    Valerie Schueler, Leon Cappel

    Basics
    Category: Equity-Single-Country Equity
    Ticker: GF
    NAV Ticker: XGFNX
    Average Daily Volume (shares): 19,626
    Average Daily Volume (USD): $0.288M
    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 7/3/2022

    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 12/31/2021
    -$0.0616
    Annualized Distribution Rate on NAV:
    As of 7/3/2022
    15.55%
    Total Return on NAV (12 months):
    As of 7/3/2022
    -42.54%
    Total % Portfolio Effectively Leveraged:
    As of 7/3/2022
    0.00%

    Pricing Information

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

    As of 7/4/2022

    PeriodAvg Discount
    6 Month-10.62%
    1 Year-10.78%
    3 Year-12.42%
    5 Year-11.86%
    Z-Score

    As of 7/4/2022

    PeriodZStat
    3 Month1.29
    6 Month0.51
    1 Year0.57
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 6/30/2022
    Category: Morningstar US CEF Single Country Equity

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-38.67%-39.24%-26.35%-28.13%
    20218.33%2.54%15.88%7.46%
    202038.54%36.39%18.70%19.81%
    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%  
    2008-53.08%-46.82%  
    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%  
    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 6/30/2022
    Category: Morningstar US CEF Single Country Equity

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 9/30/2021
    84
    Annual Portfolio Turnover:
    As of 12/31/2021
    49.00%
    Asset Allocation

    As of 9/30/2021

    Top Sectors

    As of 9/30/2021

    Sector%Portfolio
    Cyclical (Super Sector)47.11%
    Sensitive (Super Sector)35.21%
    Industrials22.84%
    Consumer Cyclical21.89%
    Defensive (Super Sector)15.47%
    Basic Materials9.45%
    Healthcare9.27%
    Financial Services8.81%
    Technology7.72%
    Real Estate6.95%
    Top Holdings

    As of 9/30/2021

    HoldingValue% Portfolio
    thyssenkrupp AG$11.32M3.30%
    Befesa SA Bearer Shares$10.42M3.04%
    Brenntag SE$10.36M3.02%
    Hannover Rueck SE$10.19M2.97%
    HelloFresh SE Bearer Shares$9.91M2.89%
    Beiersdorf AG$9.69M2.82%
    LEG Immobilien SE$9.67M2.82%
    Jungheinrich Ag$9.35M2.72%
    HELLA GmbH & Co KGaA$9.04M2.63%
    Instone Real Estate Group SE Registered Shares$9.00M2.62%
    Country Allocation

    As of 9/30/2021

    Country% Portfolio
    Germany - Equity91.59%
    Spain - Equity3.04%
    Netherlands - Equity2.00%
    United States - Equity1.06%
    France - Equity0.29%

    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-2036301PR-E0222X