Deutsche DWS Global/International Fund Inc.

04/30/2026 | Press release | Distributed by Public on 04/30/2026 08:49

Semi-Annual Report by Investment Company (Form N-CSRS)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D. C. 20549

FORM N-CSRS

CERTIFIED SHAREHOLDER REPORT OF

REGISTERED MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number: 811-04670

Deutsche DWS Global/International Fund, Inc.

(Exact Name of Registrant as Specified in Charter)

875 Third Avenue

New York, NY 10022-6225

(Address of Principal Executive Offices) (Zip Code)

Registrant's Telephone Number, including Area Code: (212) 454-4500

Diane Kenneally

100 Summer Street

Boston, MA 02110

(Name and Address of Agent for Service)

Date of fiscal year end: 8/31
Date of reporting period: 2/28/2026
Item 1. Reports to Stockholders.
(a)

DWS International Opportunities Fund

Class A: SGQAX

Semi-Annual Shareholder Report - February 28, 2026

This semi-annual shareholder report contains important information about DWS International Opportunities Fund (formerly, DWS International Growth Fund) (the "Fund") for the period September 1, 2025 to February 28, 2026. You can find additional information about the Fund on the Fund's website at dws.com/mutualreports. You can also request this information by contacting us at (800) 728-3337.

What were the Fund costs for the last six months?

(Based on a hypothetical $10,000 investment)

Table Summary
Fund
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Class A
$60
1.16%Footnote Reference(a)
Footnote Description
Footnote(a)
Annualized.

Gross expense ratio as of the latest prospectus: 1.21%. See prospectus for any contractual or voluntary waivers; without a waiver, costs would have been higher.

Key Fund Statistics

Table Summary
Net Assets ($)
492,056,973
Number of Portfolio Holdings
86
Portfolio Turnover Rate (%)
11
Total Net Advisory Fees Paid ($)
1,474,166

What did the Fund invest in?

Asset Allocation

Table Summary
Asset Type
% of Net Assets
Common Stocks
99%
Preferred Stocks
1%
Cash Equivalents
0%
Other Assets and Liabilities, Net
0%
Total
100%

Sector Allocation

Table Summary
Sector
% of Net Assets
Information Technology
22%
Financials
21%
Industrials
18%
Health Care
14%
Consumer Discretionary
9%
Communication Services
5%
Materials
5%
Energy
3%
Consumer Staples
3%
Utilities
0%

Geographical Diversification

Table Summary
Country
% of Net Assets
France
13%
Germany
12%
Switzerland
9%
Netherlands
9%
United Kingdom
8%
United States
7%
Canada
6%
Taiwan
6%
Japan
6%
China
5%
Other
21%

Ten Largest Equity Holdings

Table Summary
Holdings
32.2% of Net Assets
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan)
5.8%
ASML Holding NV (Netherlands)
3.9%
DBS Group Holdings Ltd. (Singapore)
3.4%
Lonza Group AG (Switzerland)
3.1%
Brookfield Corp. (Canada)
3.0%
Allianz SE (Germany)
3.0%
Agnico Eagle Mines Ltd. (Canada)
2.8%
Vinci SA (France)
2.5%
Samsung Electronics Co. Ltd. (Korea)
2.5%
Schneider Electric SE (France)
2.2%

Holdings-based data is subject to change.

Additional Information

If you wish to view additional information about the Fund, including, but not limited to, its prospectus, quarterly holdings, Board fee evaluation reports, and financial statements and other information, please visit dws.com/mutualreports. For information about the Fund's proxy voting policies and procedures and how the Fund voted proxies related to its portfolio securities, please visit dws.com/en-us/resources/proxy-voting. This additional information is also available free of charge by contacting us at (800) 728-3337.

Householding

In order to reduce the amount of mail you receive and to help reduce expenses, we generally send a single copy of any shareholder report and prospectus to each household. If you do not want the mailing of these documents to be combined with those for other members of your household, please contact your financial representative or call DWS toll free at (800) 728-3337.

Investing in foreign securities presents certain risks, such as currency fluctuations, political and economic changes, and market risks. Emerging markets tend to be more volatile and less liquid than the markets of more mature economies, and generally have less diverse and less mature economic structures and less stable political systems than those of developed countries. Stocks may decline in value. Small company stocks tend to be more volatile than medium-sized or large company stocks. Investing in derivatives entails special risks relating to liquidity, leverage and credit that may reduce returns and/or increase volatility. The Fund may lend securities to approved institutions. Please read the prospectus for details.

This report must be preceded or accompanied by a prospectus. We advise you to consider the Fund's objectives, risks, charges, and expenses carefully before investing. The prospectus contains this and other important information about the Fund, which can be requested by calling (800) 728-3337, contacting your financial representative, or visit dws.com/mutualreports to view or download a prospectus. Please read the prospectus carefully before you invest.

The brand DWS represents DWS Group GmbH & Co. KGaA and any of its subsidiaries such as DWS Distributors, Inc., which offers investment products, or DWS Investment Management Americas, Inc. and RREEF America L.L.C., which offer advisory services.

©2026 DWS Group GmbH&Co. KGaA. All rights reserved

DIOF-TSRS-A

R-104891-2 (04/26)

DWS International Opportunities Fund

Class C: SGQCX

Semi-Annual Shareholder Report - February 28, 2026

This semi-annual shareholder report contains important information about DWS International Opportunities Fund (formerly, DWS International Growth Fund) (the "Fund") for the period September 1, 2025 to February 28, 2026. You can find additional information about the Fund on the Fund's website at dws.com/mutualreports. You can also request this information by contacting us at (800) 728-3337.

What were the Fund costs for the last six months?

(Based on a hypothetical $10,000 investment)

Table Summary
Fund
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Class C
$98
1.90%Footnote Reference(a)
Footnote Description
Footnote(a)
Annualized.

Gross expense ratio as of the latest prospectus: 2.22%. See prospectus for any contractual or voluntary waivers; without a waiver, costs would have been higher.

Key Fund Statistics

Table Summary
Net Assets ($)
492,056,973
Number of Portfolio Holdings
86
Portfolio Turnover Rate (%)
11
Total Net Advisory Fees Paid ($)
1,474,166

What did the Fund invest in?

Asset Allocation

Table Summary
Asset Type
% of Net Assets
Common Stocks
99%
Preferred Stocks
1%
Cash Equivalents
0%
Other Assets and Liabilities, Net
0%
Total
100%

Sector Allocation

Table Summary
Sector
% of Net Assets
Information Technology
22%
Financials
21%
Industrials
18%
Health Care
14%
Consumer Discretionary
9%
Communication Services
5%
Materials
5%
Energy
3%
Consumer Staples
3%
Utilities
0%

Geographical Diversification

Table Summary
Country
% of Net Assets
France
13%
Germany
12%
Switzerland
9%
Netherlands
9%
United Kingdom
8%
United States
7%
Canada
6%
Taiwan
6%
Japan
6%
China
5%
Other
21%

Ten Largest Equity Holdings

Table Summary
Holdings
32.2% of Net Assets
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan)
5.8%
ASML Holding NV (Netherlands)
3.9%
DBS Group Holdings Ltd. (Singapore)
3.4%
Lonza Group AG (Switzerland)
3.1%
Brookfield Corp. (Canada)
3.0%
Allianz SE (Germany)
3.0%
Agnico Eagle Mines Ltd. (Canada)
2.8%
Vinci SA (France)
2.5%
Samsung Electronics Co. Ltd. (Korea)
2.5%
Schneider Electric SE (France)
2.2%

Holdings-based data is subject to change.

Additional Information

If you wish to view additional information about the Fund, including, but not limited to, its prospectus, quarterly holdings, Board fee evaluation reports, and financial statements and other information, please visit dws.com/mutualreports. For information about the Fund's proxy voting policies and procedures and how the Fund voted proxies related to its portfolio securities, please visit dws.com/en-us/resources/proxy-voting. This additional information is also available free of charge by contacting us at (800) 728-3337.

Householding

In order to reduce the amount of mail you receive and to help reduce expenses, we generally send a single copy of any shareholder report and prospectus to each household. If you do not want the mailing of these documents to be combined with those for other members of your household, please contact your financial representative or call DWS toll free at (800) 728-3337.

Investing in foreign securities presents certain risks, such as currency fluctuations, political and economic changes, and market risks. Emerging markets tend to be more volatile and less liquid than the markets of more mature economies, and generally have less diverse and less mature economic structures and less stable political systems than those of developed countries. Stocks may decline in value. Small company stocks tend to be more volatile than medium-sized or large company stocks. Investing in derivatives entails special risks relating to liquidity, leverage and credit that may reduce returns and/or increase volatility. The Fund may lend securities to approved institutions. Please read the prospectus for details.

This report must be preceded or accompanied by a prospectus. We advise you to consider the Fund's objectives, risks, charges, and expenses carefully before investing. The prospectus contains this and other important information about the Fund, which can be requested by calling (800) 728-3337, contacting your financial representative, or visit dws.com/mutualreports to view or download a prospectus. Please read the prospectus carefully before you invest.

The brand DWS represents DWS Group GmbH & Co. KGaA and any of its subsidiaries such as DWS Distributors, Inc., which offers investment products, or DWS Investment Management Americas, Inc. and RREEF America L.L.C., which offer advisory services.

©2026 DWS Group GmbH&Co. KGaA. All rights reserved

DIOF-TSRS-C

R-104891-2 (04/26)

DWS International Opportunities Fund

Institutional Class: SGQIX

Semi-Annual Shareholder Report - February 28, 2026

This semi-annual shareholder report contains important information about DWS International Opportunities Fund (formerly, DWS International Growth Fund) (the "Fund") for the period September 1, 2025 to February 28, 2026. You can find additional information about the Fund on the Fund's website at dws.com/mutualreports. You can also request this information by contacting us at (800) 728-3337.

What were the Fund costs for the last six months?

(Based on a hypothetical $10,000 investment)

Table Summary
Fund
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Institutional Class
$46
0.89%Footnote Reference(a)
Footnote Description
Footnote(a)
Annualized.

Gross expense ratio as of the latest prospectus: 0.92%. See prospectus for any contractual or voluntary waivers; without a waiver, costs would have been higher.

Key Fund Statistics

Table Summary
Net Assets ($)
492,056,973
Number of Portfolio Holdings
86
Portfolio Turnover Rate (%)
11
Total Net Advisory Fees Paid ($)
1,474,166

What did the Fund invest in?

Asset Allocation

Table Summary
Asset Type
% of Net Assets
Common Stocks
99%
Preferred Stocks
1%
Cash Equivalents
0%
Other Assets and Liabilities, Net
0%
Total
100%

Sector Allocation

Table Summary
Sector
% of Net Assets
Information Technology
22%
Financials
21%
Industrials
18%
Health Care
14%
Consumer Discretionary
9%
Communication Services
5%
Materials
5%
Energy
3%
Consumer Staples
3%
Utilities
0%

Geographical Diversification

Table Summary
Country
% of Net Assets
France
13%
Germany
12%
Switzerland
9%
Netherlands
9%
United Kingdom
8%
United States
7%
Canada
6%
Taiwan
6%
Japan
6%
China
5%
Other
21%

Ten Largest Equity Holdings

Table Summary
Holdings
32.2% of Net Assets
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan)
5.8%
ASML Holding NV (Netherlands)
3.9%
DBS Group Holdings Ltd. (Singapore)
3.4%
Lonza Group AG (Switzerland)
3.1%
Brookfield Corp. (Canada)
3.0%
Allianz SE (Germany)
3.0%
Agnico Eagle Mines Ltd. (Canada)
2.8%
Vinci SA (France)
2.5%
Samsung Electronics Co. Ltd. (Korea)
2.5%
Schneider Electric SE (France)
2.2%

Holdings-based data is subject to change.

Additional Information

If you wish to view additional information about the Fund, including, but not limited to, its prospectus, quarterly holdings, Board fee evaluation reports, and financial statements and other information, please visit dws.com/mutualreports. For information about the Fund's proxy voting policies and procedures and how the Fund voted proxies related to its portfolio securities, please visit dws.com/en-us/resources/proxy-voting. This additional information is also available free of charge by contacting us at (800) 728-3337.

Householding

In order to reduce the amount of mail you receive and to help reduce expenses, we generally send a single copy of any shareholder report and prospectus to each household. If you do not want the mailing of these documents to be combined with those for other members of your household, please contact your financial representative or call DWS toll free at (800) 728-3337.

Investing in foreign securities presents certain risks, such as currency fluctuations, political and economic changes, and market risks. Emerging markets tend to be more volatile and less liquid than the markets of more mature economies, and generally have less diverse and less mature economic structures and less stable political systems than those of developed countries. Stocks may decline in value. Small company stocks tend to be more volatile than medium-sized or large company stocks. Investing in derivatives entails special risks relating to liquidity, leverage and credit that may reduce returns and/or increase volatility. The Fund may lend securities to approved institutions. Please read the prospectus for details.

This report must be preceded or accompanied by a prospectus. We advise you to consider the Fund's objectives, risks, charges, and expenses carefully before investing. The prospectus contains this and other important information about the Fund, which can be requested by calling (800) 728-3337, contacting your financial representative, or visit dws.com/mutualreports to view or download a prospectus. Please read the prospectus carefully before you invest.

The brand DWS represents DWS Group GmbH & Co. KGaA and any of its subsidiaries such as DWS Distributors, Inc., which offers investment products, or DWS Investment Management Americas, Inc. and RREEF America L.L.C., which offer advisory services.

©2026 DWS Group GmbH&Co. KGaA. All rights reserved

DIOF-TSRS-I

R-104891-2 (04/26)

DWS International Opportunities Fund

Class S: SCOBX

Semi-Annual Shareholder Report - February 28, 2026

This semi-annual shareholder report contains important information about DWS International Opportunities Fund (formerly, DWS International Growth Fund) (the "Fund") for the period September 1, 2025 to February 28, 2026. You can find additional information about the Fund on the Fund's website at dws.com/mutualreports. You can also request this information by contacting us at (800) 728-3337.

What were the Fund costs for the last six months?

(Based on a hypothetical $10,000 investment)

Table Summary
Fund
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Class S
$46
0.89%Footnote Reference(a)
Footnote Description
Footnote(a)
Annualized.

Gross expense ratio as of the latest prospectus: 0.93%. See prospectus for any contractual or voluntary waivers; without a waiver, costs would have been higher.

Key Fund Statistics

Table Summary
Net Assets ($)
492,056,973
Number of Portfolio Holdings
86
Portfolio Turnover Rate (%)
11
Total Net Advisory Fees Paid ($)
1,474,166

What did the Fund invest in?

Asset Allocation

Table Summary
Asset Type
% of Net Assets
Common Stocks
99%
Preferred Stocks
1%
Cash Equivalents
0%
Other Assets and Liabilities, Net
0%
Total
100%

Sector Allocation

Table Summary
Sector
% of Net Assets
Information Technology
22%
Financials
21%
Industrials
18%
Health Care
14%
Consumer Discretionary
9%
Communication Services
5%
Materials
5%
Energy
3%
Consumer Staples
3%
Utilities
0%

Geographical Diversification

Table Summary
Country
% of Net Assets
France
13%
Germany
12%
Switzerland
9%
Netherlands
9%
United Kingdom
8%
United States
7%
Canada
6%
Taiwan
6%
Japan
6%
China
5%
Other
21%

Ten Largest Equity Holdings

Table Summary
Holdings
32.2% of Net Assets
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan)
5.8%
ASML Holding NV (Netherlands)
3.9%
DBS Group Holdings Ltd. (Singapore)
3.4%
Lonza Group AG (Switzerland)
3.1%
Brookfield Corp. (Canada)
3.0%
Allianz SE (Germany)
3.0%
Agnico Eagle Mines Ltd. (Canada)
2.8%
Vinci SA (France)
2.5%
Samsung Electronics Co. Ltd. (Korea)
2.5%
Schneider Electric SE (France)
2.2%

Holdings-based data is subject to change.

Additional Information

If you wish to view additional information about the Fund, including, but not limited to, its prospectus, quarterly holdings, Board fee evaluation reports, and financial statements and other information, please visit dws.com/mutualreports. For information about the Fund's proxy voting policies and procedures and how the Fund voted proxies related to its portfolio securities, please visit dws.com/en-us/resources/proxy-voting. This additional information is also available free of charge by contacting us at (800) 728-3337.

Householding

In order to reduce the amount of mail you receive and to help reduce expenses, we generally send a single copy of any shareholder report and prospectus to each household. If you do not want the mailing of these documents to be combined with those for other members of your household, please contact your financial representative or call DWS toll free at (800) 728-3337.

Investing in foreign securities presents certain risks, such as currency fluctuations, political and economic changes, and market risks. Emerging markets tend to be more volatile and less liquid than the markets of more mature economies, and generally have less diverse and less mature economic structures and less stable political systems than those of developed countries. Stocks may decline in value. Small company stocks tend to be more volatile than medium-sized or large company stocks. Investing in derivatives entails special risks relating to liquidity, leverage and credit that may reduce returns and/or increase volatility. The Fund may lend securities to approved institutions. Please read the prospectus for details.

This report must be preceded or accompanied by a prospectus. We advise you to consider the Fund's objectives, risks, charges, and expenses carefully before investing. The prospectus contains this and other important information about the Fund, which can be requested by calling (800) 728-3337, contacting your financial representative, or visit dws.com/mutualreports to view or download a prospectus. Please read the prospectus carefully before you invest.

The brand DWS represents DWS Group GmbH & Co. KGaA and any of its subsidiaries such as DWS Distributors, Inc., which offers investment products, or DWS Investment Management Americas, Inc. and RREEF America L.L.C., which offer advisory services.

©2026 DWS Group GmbH&Co. KGaA. All rights reserved

DIOF-TSRS-S

R-104891-2 (04/26)

(b) Not applicable
Item 2. Code of Ethics.
Not applicable
Item 3. Audit Committee Financial Expert.
Not applicable
Item 4. Principal Accountant Fees and Services.
Not applicable
Item 5. Audit Committee of Listed Registrants.
Not applicable
Item 6. Investments.
Not applicable
Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.
(a)
 
February 28, 2026
Semiannual Financial Statements and Other Information
DWS International Opportunities Fund
(formerly DWS International Growth Fund)
 
Contents 
3
Investment Portfolio
9
Statement of Assets and Liabilities
11
Statement of Operations
12
Statements of Changes in Net Assets
13
Financial Highlights
17
Notes to Financial Statements
28
Advisory Agreement Board Considerations and Fee Evaluation
The brand DWS represents DWS Group GmbH & Co. KGaA and any of its subsidiaries such as DWS Distributors, Inc., which offers investment products, or DWS Investment Management Americas, Inc. and RREEF America L.L.C., which offer advisory services.
 
2
|
DWS International Opportunities Fund
Investment Portfolioas of February 28, 2026 (Unaudited)
 
Shares
Value ($)
Common Stocks 99.1%
Canada 6.2%
Agnico Eagle Mines Ltd.
54,200
13,614,271
Brookfield Corp.
340,288
14,923,227
Shopify, Inc. "A" *
16,000
1,931,542
(Cost $6,994,094)
30,469,040
China 4.7%
ANTA Sports Products Ltd.
194,600
2,108,110
BYD Co., Ltd. "H" 
166,500
2,007,065
Ping An Insurance Group Co. of China Ltd. "H" 
969,000
8,406,498
Tencent Holdings Ltd.
163,800
10,796,236
(Cost $17,425,745)
23,317,909
Denmark 0.6%
Novo Nordisk A/S "B"  (Cost $6,407,512)
74,879
2,808,263
Finland 0.7%
Amer Sports, Inc.* (a) (Cost $1,436,813)
87,664
3,329,479
France 13.3%
Air Liquide SA
31,300
6,567,824
Airbus SE
30,685
6,649,449
Capgemini SE
19,024
2,393,297
Cie de Saint-Gobain SA
58,633
5,946,482
EssilorLuxottica SA
5,730
1,513,551
LVMH Moet Hennessy Louis Vuitton SE
7,722
4,924,745
Safran SA
13,900
5,560,800
Schneider Electric SE
34,000
11,062,788
TotalEnergies SE
104,118
8,336,046
Vinci SA
73,964
12,255,037
(Cost $40,225,414)
65,210,019
Germany 11.3%
adidas AG
17,135
3,188,454
Allianz SE (Registered)
32,971
14,838,865
Auto1 Group SE*
145,814
2,947,217
Deutsche Boerse AG
31,061
8,506,424
MTU Aero Engines AG
10,860
4,668,101
RWE AG
33,883
2,172,818
SAP SE
51,711
10,413,610
The accompanying notes are an integral part of the financial statements.
 
DWS International Opportunities Fund
|
3
Shares
Value ($)
Siemens Energy AG
21,795
4,265,300
Siemens Healthineers AG 144A
89,019
4,409,304
(Cost $36,286,761)
55,410,093
Hong Kong 2.2%
Alibaba Group Holding Ltd.
248,700
4,468,565
Techtronic Industries Co., Ltd.
398,001
6,471,972
(Cost $6,140,162)
10,940,537
Ireland 2.1%
CRH PLC (a)
19,867
2,383,643
Experian PLC
78,880
2,949,462
Kerry Group PLC "A" 
59,271
5,257,686
(Cost $8,101,599)
10,590,791
Israel 0.5%
Cellebrite DI Ltd.* (b)
99,291
1,324,542
Check Point Software Technologies Ltd.* (b)
8,976
1,364,980
(Cost $3,835,128)
2,689,522
Italy 0.5%
Stevanato Group SpA (a) (Cost $4,579,808)
159,593
2,476,883
Japan 5.6%
Daikin Industries Ltd.
20,800
2,646,724
Fast Retailing Co., Ltd.
15,500
6,855,203
Hoya Corp.
48,400
8,798,125
Keyence Corp.
14,900
6,288,792
SoftBank Group Corp.
115,300
2,994,078
(Cost $14,125,785)
27,582,922
Korea 3.5%
Samsung Electronics Co., Ltd.
79,916
12,155,904
SK Hynix, Inc.
6,500
4,841,305
(Cost $6,952,687)
16,997,209
Luxembourg 0.5%
Globant SA* (a) (Cost $2,701,920)
51,960
2,585,530
Netherlands 8.8%
ABN AMRO Bank NV 144A
50,000
1,671,055
Adyen NV 144A*
1,717
2,011,287
Argenx SE*
2,606
1,999,497
ASML Holding NV
13,111
19,024,148
BE Semiconductor Industries NV
10,000
2,236,483
ING Groep NV
367,593
10,636,422
The accompanying notes are an integral part of the financial statements.
 
4
|
DWS International Opportunities Fund
Shares
Value ($)
NXP Semiconductors NV (b)
14,366
3,261,226
Universal Music Group NV
103,280
2,326,229
(Cost $17,928,860)
43,166,347
Singapore 4.4%
DBS Group Holdings Ltd.
371,370
16,740,153
Sea Ltd. (ADR)*
28,602
3,101,887
Trip.com Group Ltd.
32,050
1,697,910
(Cost $7,729,076)
21,539,950
Sweden 4.0%
Assa Abloy AB "B" 
171,981
7,319,810
Atlas Copco AB "A" 
124,938
2,682,289
Spotify Technology SA* (a)
19,100
9,835,354
(Cost $9,193,166)
19,837,453
Switzerland 8.9%
Galderma Group AG
5,180
979,071
Lonza Group AG (Registered)
22,166
15,424,428
Nestle SA (Registered)
65,600
7,163,591
Roche Holding AG (Genusschein)
17,160
8,115,405
Sandoz Group AG
113,154
9,988,767
Sportradar Group AG "A" * (b) (c)
119,839
2,188,260
(Cost $20,542,898)
43,859,522
Taiwan 5.8%
Taiwan Semiconductor Manufacturing Co., Ltd.
(Cost $2,730,471)
451,000
28,493,991
United Kingdom 7.7%
Ashtead Group PLC
26,811
1,917,931
AstraZeneca PLC
51,042
10,696,851
Birkenstock Holding PLC* (a) (c)
40,428
1,683,826
Halma PLC
104,203
5,857,393
HSBC Holdings PLC
456,100
8,537,803
Klarna Group PLC* (a) (c)
30,418
412,468
RELX PLC
46,558
1,628,093
Rentokil Initial PLC
867,948
5,338,273
Verisure PLC*
156,652
1,751,020
(Cost $29,103,725)
37,823,658
United States 7.0%
Brookfield Asset Management Ltd. "A"  (c)
79,958
3,733,386
Ferguson Enterprises, Inc.
19,810
5,165,656
Flutter Entertainment PLC "DI" * (d)
10,500
1,083,999
Johnson Controls International PLC
13,000
1,875,900
The accompanying notes are an integral part of the financial statements.
 
DWS International Opportunities Fund
|
5
Shares
Value ($)
Marsh & McLennan Companies, Inc.
43,573
8,136,822
Mastercard, Inc. "A" 
8,026
4,151,127
NVIDIA Corp.
30,212
5,353,264
SLB Ltd.
94,405
4,846,753
(Cost $16,149,753)
34,346,907
Uruguay 0.8%
MercadoLibre, Inc.* (Cost $3,702,416)
2,300
4,042,434
Total Common Stocks (Cost $262,293,793)
487,518,459
Preferred Stocks 0.5%
Germany
Sartorius AG (c) (Cost $2,069,810)
9,040
2,554,837
Securities Lending Collateral 1.4%
DWS Government & Agency Securities Portfolio "DWS
Government Cash Institutional Shares" , 3.57% (e) (f)
(Cost $7,122,389)
7,122,389
7,122,389
Cash Equivalents 0.3%
DWS Central Cash Management Government Fund,
3.68% (e) (Cost $1,298,112)
1,298,112
1,298,112
 
% of
Net Assets
Value ($)
Total Investment Portfolio (Cost $272,784,104)
101.3
498,493,797
Other Assets and Liabilities, Net
(1.3
)
(6,436,824
)
Net Assets
100.0
492,056,973
The accompanying notes are an integral part of the financial statements.
 
6
|
DWS International Opportunities Fund
A summary of the Fund's transactions with affiliated investments during the period ended February 28, 2026 are as follows: 
Value ($)
at
8/31/2025
Pur-
chases
Cost
($)
Sales
Proceeds
($)
Net
Real-
ized
Gain/
(Loss)
($)
Net
Change
in
Unreal-
ized
Appreci-
ation
(Depreci-
ation)
($)
Income
($)
Capital
Gain
Distri-
butions
($)
Number of
Shares at
2/28/2026
Value ($)
at
2/28/2026
Securities Lending Collateral 1.4%
DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares" ,
3.57% (e) (f)
4,781,250
2,341,139 (g)
-
-
-
10,702
-
7,122,389
7,122,389
Cash Equivalents 0.3%
DWS Central Cash Management Government Fund, 3.68% (e)
5,383,239
42,779,091
46,864,218
-
-
56,750
-
1,298,112
1,298,112
10,164,489
45,120,230
46,864,218
-
-
67,452
-
8,420,501
8,420,501
 
*
Non-income producing security.
(a)
Listed on the New York Stock Exchange.
(b)
Listed on the NASDAQ Stock Market, Inc.
(c)
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 February 28, 2026 amounted to $6,657,858, which is 1.4% of net assets.
(d)
Listed on the London Stock Exchange.
(e)
Affiliated fund managed by DWS Investment Management Americas, Inc. The rate
shown is the annualized seven-day yield at period end.
(f)
Represents cash collateral held in connection with securities lending. Income earned by
the Fund is net of borrower rebates.
(g)
Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount
invested in cash collateral for the period ended February 28, 2026.
 
144A: Security exempt from registration under Rule 144A under the Securities Act of 1933.
These securities may be resold in transactions exempt from registration, normally to
qualified institutional buyers.
ADR: American Depositary Receipt
The accompanying notes are an integral part of the financial statements.
 
DWS International Opportunities Fund
|
7
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 February 28, 2026 in valuing the Fund's investments. For information on the Fund's policy regarding the valuation of investments, please refer to the Security Valuation section of Note A in the accompanying Notes to Financial Statements. 
Assets
Level 1
Level 2
Level 3
Total
Common Stocks
Canada
$30,469,040
$-
$-
$30,469,040
China
-
23,317,909
-
23,317,909
Denmark
-
2,808,263
-
2,808,263
Finland
3,329,479
-
-
3,329,479
France
-
65,210,019
-
65,210,019
Germany
-
55,410,093
-
55,410,093
Hong Kong
-
10,940,537
-
10,940,537
Ireland
2,383,643
8,207,148
-
10,590,791
Israel
2,689,522
-
-
2,689,522
Italy
2,476,883
-
-
2,476,883
Japan
-
27,582,922
-
27,582,922
Korea
-
16,997,209
-
16,997,209
Luxembourg
2,585,530
-
-
2,585,530
Netherlands
3,261,226
39,905,121
-
43,166,347
Singapore
3,101,887
18,438,063
-
21,539,950
Sweden
9,835,354
10,002,099
-
19,837,453
Switzerland
2,188,260
41,671,262
-
43,859,522
Taiwan
-
28,493,991
-
28,493,991
United Kingdom
2,096,294
35,727,364
-
37,823,658
United States
33,262,908
1,083,999
-
34,346,907
Uruguay
4,042,434
-
-
4,042,434
Preferred Stocks
-
2,554,837
-
2,554,837
Short-Term Investments (a)
8,420,501
-
-
8,420,501
Total
$110,142,961
$388,350,836
$-
$498,493,797
 
(a)
See Investment Portfolio for additional detailed categorizations.
The accompanying notes are an integral part of the financial statements.
 
8
|
DWS International Opportunities Fund
Statement of Assets and Liabilities
as of February 28, 2026 (Unaudited)  
Assets
 
Investments in non-affiliated securities, at value (cost $264,363,603) -
including $6,657,858 of securities loaned
$490,073,296
Investment in DWS Government & Agency Securities Portfolio
(cost $7,122,389)*
7,122,389
Investment in DWS Central Cash Management Government Fund
(cost $1,298,112)
1,298,112
Foreign currency, at value (cost $203,877)
205,891
Receivable for Fund shares sold
10,292
Dividends receivable
232,796
Affiliated securities lending income receivable
1,605
Foreign taxes recoverable
1,212,398
Other assets
45,191
Total assets
500,201,970
Liabilities
Payable upon return of securities loaned
7,122,389
Payable for Fund shares redeemed
560,226
Accrued management fee
229,836
Accrued Directors' fees
3,353
Other accrued expenses and payables
229,193
Total liabilities
8,144,997
Net assets, at value
$492,056,973
Net Assets Consist of
Distributable earnings (loss)
236,726,438
Paid-in capital
255,330,535
Net assets, at value
$492,056,973
* 
Represents collateral on securities loaned.
The accompanying notes are an integral part of the financial statements.
 
DWS International Opportunities Fund
|
9
Statement of Assets and Liabilities as of February 28, 2026 (Unaudited) (continued)
Net Asset Value
Class A
Net Asset Value and redemption price per share
($34,980,850 ÷ 746,460 shares of capital stock outstanding,
$.01 par value, 50,000,000 shares authorized)
$46.86
Maximum offering price per share (100 ÷ 94.25 of $46.86)
$49.72
Class C
Net Asset Value, offering and redemption price
(subject to contingent deferred sales charge) per share
($244,847 ÷ 5,608 shares of capital stock outstanding, $.01 par value,
20,000,000 shares authorized)
$43.66
Class S
Net Asset Value, offering and redemption price per share
($448,150,684 ÷ 9,574,156 shares of capital stock outstanding,
$.01 par value, 100,000,000 shares authorized)
$46.81
Institutional Class
Net Asset Value, offering and redemption price per share
($8,680,592 ÷ 185,558 shares of capital stock outstanding, $.01 par value,
100,000,000 shares authorized)
$46.78
The accompanying notes are an integral part of the financial statements.
 
10
|
DWS International Opportunities Fund
Statement of Operations
for the six months ended February 28, 2026 (Unaudited)  
Investment Income
Income:
Dividends (net of foreign taxes withheld of $232,518)
$2,085,146
Income distributions - DWS Central Cash Management Government Fund
56,750
Affiliated securities lending income
10,702
Total income
2,152,598
Expenses:
Management fee
1,474,166
Administration fee
230,636
Services to shareholders
331,278
Distribution and service fees
42,398
Custodian fee
22,235
Professional fees
46,640
Reports to shareholders
23,553
Registration fees
30,757
Directors' fees and expenses
7,908
Other
20,330
Total expenses before expense reductions
2,229,901
Expense reductions
(59,407
)
Total expenses after expense reductions
2,170,494
Net investment income (loss)
(17,896
)
Realized and Unrealized Gain (Loss)
Net realized gain (loss) from:
Investments
29,057,643
Foreign currency
(61,684
)
28,995,959
Change in net unrealized appreciation (depreciation) on:
Investments
9,846,774
Foreign currency
14,019
9,860,793
Net gain (loss)
38,856,752
Net increase (decrease) in net assets resulting from operations
$38,838,856
The accompanying notes are an integral part of the financial statements.
 
DWS International Opportunities Fund
|
11
Statements of Changes in Net Assets 
Six Months
Ended
February 28, 2026
Year Ended
August 31,
Increase (Decrease) in Net Assets
(Unaudited)
2025
Operations:
Net investment income (loss)
$(17,896
)
$4,866,009
Net realized gain (loss)
28,995,959
6,771,616
Change in net unrealized appreciation
(depreciation)
9,860,793
32,264,899
Net increase (decrease) in net assets resulting
from operations
38,838,856
43,902,524
Distributions to shareholders:
Class A
(1,449,734
)
(949,857
)
Class C
(9,699
)
(6,763
)
Class S
(19,691,932
)
(13,076,658
)
Institutional Class
(302,581
)
(183,613
)
Total distributions
(21,453,946
)
(14,216,891
)
Fund share transactions:
Proceeds from shares sold
5,081,606
7,112,870
Reinvestment of distributions
20,161,063
13,326,665
Payments for shares redeemed
(24,930,555
)
(49,089,061
)
Net increase (decrease) in net assets from Fund
share transactions
312,114
(28,649,526
)
Increase (decrease) in net assets
17,697,024
1,036,107
Net assets at beginning of period
474,359,949
473,323,842
Net assets at end of period
$492,056,973
$474,359,949
 
The accompanying notes are an integral part of the financial statements.
 
12
|
DWS International Opportunities Fund
Financial Highlights 
DWS International Opportunities Fund - Class A
Six Months
Ended 2/28/26
Years Ended August 31,
(Unaudited)
2025
2024
2023
2022
2021
Selected Per Share Data
Net asset value, beginning
of period
$45.19
$42.40
$36.08
$33.64
$50.93
$40.84
Income (loss) from investment
operations:
Net investment income
(loss)a
(.06
)
.35
.25
.34
.21
.06
Net realized and unrealized
gain (loss)
3.72
3.66
6.54
3.23
(15.88
)
10.26
Total from investment
operations
3.66
4.01
6.79
3.57
(15.67
)
10.32
Less distributions from:
Net investment income
(.47
)
(.49
)
(.47
)
(.12
)
(.86
)
(.23
)
Net realized gains
(1.52
)
(.73
)
-
(1.01
)
(.76
)
-
Total distributions
(1.99
)
(1.22
)
(.47
)
(1.13
)
(1.62
)
(.23
)
Net asset value, end
of period
$46.86
$45.19
$42.40
$36.08
$33.64
$50.93
Total Return (%)b
8.32
c*
9.82
c
19.04
c
11.01
c
(31.68
)
25.35
Ratios to Average Net Assets and Supplemental Data
Net assets, end of period
($ millions)
35
34
36
33
33
53
Ratio of expenses before
expense reductions (%)
1.21
**
1.22
1.22
1.22
1.20
1.19
Ratio of expenses after
expense reductions (%)
1.16
**
1.13
1.17
1.22
1.20
1.19
Ratio of net investment
income (loss) (%)
(.25
)**
.82
.65
.98
.50
.13
Portfolio turnover rate (%)
11
*
11
7
8
8
15
 
a
Based on average shares outstanding during the period.
b
Total return does not reflect the effect of any sales charges.
c
Total return would have been lower had certain expenses not been reduced.
*
Not annualized
**
Annualized
The accompanying notes are an integral part of the financial statements.
 
DWS International Opportunities Fund
|
13
 
DWS International Opportunities Fund - Class C
Six Months
Ended 2/28/26
Years Ended August 31,
(Unaudited)
2025
2024
2023
2022
2021
Selected Per Share Data
Net asset value, beginning
of period
$42.01
$39.46
$33.57
$31.50
$47.72
$38.38
Income (loss) from investment
operations:
Net investment income
(loss)a
(.21
)
.00
*
(.06
)
.06
(.12
)
(.31
)
Net realized and unrealized
gain (loss)
3.44
3.45
6.13
3.02
(14.91
)
9.65
Total from investment
operations
3.23
3.45
6.07
3.08
(15.03
)
9.34
Less distributions from:
Net investment income
(.06
)
(.17
)
(.18
)
-
(.43
)
-
Net realized gains
(1.52
)
(.73
)
-
(1.01
)
(.76
)
-
Total distributions
(1.58
)
(.90
)
(.18
)
(1.01
)
(1.19
)
-
Net asset value, end
of period
$43.66
$42.01
$39.46
$33.57
$31.50
$47.72
Total Return (%)b
7.90
c**
9.00
c
18.17
c
10.14
c
(32.21
)c
24.34
Ratios to Average Net Assets and Supplemental Data
Net assets, end of period
($ millions)
.2
.3
.4
1
1
1
Ratio of expenses before
expense reductions (%)
2.22
***
2.23
2.17
2.10
2.07
2.00
Ratio of expenses after
expense reductions (%)
1.90
***
1.88
1.93
1.98
2.00
2.00
Ratio of net investment
income (loss) (%)
(1.00
)***
.01
(.17
)
.19
(.30
)
(.74
)
Portfolio turnover rate (%)
11
**
11
7
8
8
15
 
a
Based on average shares outstanding during the period.
b
Total return does not reflect the effect of any sales charges.
c
Total return would have been lower had certain expenses not been reduced.
*
Amount is less than $.005.
**
Not annualized
***
Annualized
The accompanying notes are an integral part of the financial statements.
 
14
|
DWS International Opportunities Fund
 
DWS International Opportunities Fund - Class S
Six Months
Ended 2/28/26
Years Ended August 31,
(Unaudited)
2025
2024
2023
2022
2021
Selected Per Share Data
Net asset value, beginning
of period
$45.20
$42.41
$36.10
$33.66
$50.96
$40.87
Income (loss) from investment
operations:
Net investment incomea
.00
*
.46
.34
.44
.33
.19
Net realized and unrealized
gain (loss)
3.71
3.65
6.55
3.22
(15.87
)
10.27
Total from investment
operations
3.71
4.11
6.89
3.66
(15.54
)
10.46
Less distributions from:
Net investment income
(.58
)
(.59
)
(.58
)
(.21
)
(1.00
)
(.37
)
Net realized gains
(1.52
)
(.73
)
-
(1.01
)
(.76
)
-
Total distributions
(2.10
)
(1.32
)
(.58
)
(1.22
)
(1.76
)
(.37
)
Net asset value, end
of period
$46.81
$45.20
$42.41
$36.10
$33.66
$50.96
Total Return (%)
8.46
b**
10.10
b
19.34
b
11.32
(31.48
)
25.71
Ratios to Average Net Assets and Supplemental Data
Net assets, end of period
($ millions)
448
434
431
396
385
606
Ratio of expenses before expense
reductions (%)
.92
***
.94
.94
.93
.92
.90
Ratio of expenses after expense
reductions (%)
.89
***
.88
.92
.93
.92
.90
Ratio of net investment
income (%)
.01
***
1.08
.89
1.26
.79
.42
Portfolio turnover rate (%)
11
**
11
7
8
8
15
 
a
Based on average shares outstanding during the period.
b
Total return would have been lower had certain expenses not been reduced.
*
Amount is less than $.005.
**
Not annualized
***
Annualized
The accompanying notes are an integral part of the financial statements.
 
DWS International Opportunities Fund
|
15
 
DWS International Opportunities Fund - Institutional Class
Six Months
Ended 2/28/26
Years Ended August 31,
(Unaudited)
2025
2024
2023
2022
2021
Selected Per Share Data
Net asset value, beginning
of period
$45.20
$42.41
$36.10
$33.66
$50.96
$40.87
Income (loss) from investment
operations:
Net investment income
(loss)a
(.00
)*
.46
.36
.45
.32
.20
Net realized and unrealized
gain (loss)
3.71
3.65
6.53
3.22
(15.86
)
10.26
Total from investment
operations
3.71
4.11
6.89
3.67
(15.54
)
10.46
Less distributions from:
Net investment income
(.61
)
(.59
)
(.58
)
(.22
)
(1.00
)
(.37
)
Net realized gains
(1.52
)
(.73
)
-
(1.01
)
(.76
)
-
Total distributions
(2.13
)
(1.32
)
(.58
)
(1.23
)
(1.76
)
(.37
)
Net asset value, end
of period
$46.78
$45.20
$42.41
$36.10
$33.66
$50.96
Total Return (%)
8.45
b**
10.10
b
19.32
b
11.37
(31.49
)
25.73
Ratios to Average Net Assets and Supplemental Data
Net assets, end of period
($ millions)
9
6
6
7
7
9
Ratio of expenses before expense
reductions (%)
.90
***
.93
.92
.92
.91
.91
Ratio of expenses after expense
reductions (%)
.89
***
.88
.92
.92
.91
.91
Ratio of net investment
income (%)
(.00
)*, ***
1.10
.94
1.30
.77
.44
Portfolio turnover rate (%)
11
**
11
7
8
8
15
 
a
Based on average shares outstanding during the period.
b
Total return would have been lower had certain expenses not been reduced.
*
Amount is less than $.005.
**
Not annualized
***
Annualized
The accompanying notes are an integral part of the financial statements.
 
16
|
DWS International Opportunities Fund
Notes to Financial Statements (Unaudited)
A.
Organization and Significant Accounting Policies
DWS International Opportunities Fund (formerly, DWS International Growth Fund) (the "Fund" ) is a diversified series of Deutsche DWS Global/International Fund, Inc. (the "Corporation" ), which is registered under the Investment Company Act of 1940, as amended (the "1940 Act" ), as an open-end management investment company organized as a Maryland corporation.
The Fund offers multiple classes of shares which provide investors with different purchase options. Class A shares are subject to an initial sales charge. Class C shares are not subject to an initial sales charge but are subject to higher ongoing expenses than Class A shares and a contingent deferred sales charge payable upon certain redemptions within one year of purchase. Class C shares automatically convert to Class A shares in the same fund after 8 years, provided that the Fund or the financial intermediary through which the shareholder purchased the Class C shares has records verifying that the Class C shares have been held for at least 8 years. Class S shares are not subject to initial or contingent deferred sales charges and are available through certain intermediary relationships with financial services firms, or can be purchased by establishing an account directly with the Fund's transfer agent. Institutional Class shares are not subject to initial or contingent deferred sales charges and are generally available only to qualified institutions.
Investment income, realized and unrealized gains and losses, and certain fund-level expenses and expense reductions, if any, are borne pro rata on the basis of relative net assets by the holders of all classes of shares, except that each class bears certain expenses unique to that class such as distribution and service fees, services to shareholders and certain other class-specific expenses. Differences in class-level expenses may result in payment of different per share dividends by class. All shares of the Fund have equal rights with respect to voting subject to class-specific arrangements.
The Fund's financial statements are prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP" ) which require the use of management estimates. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The Fund qualifies as an investment company under Topic 946 of Accounting Standards Codification of U.S. GAAP. The policies described below are followed consistently by the Fund in the preparation of its financial statements.
Operating Segment. The Fund adopted FASB Accounting Standards Update 2023-07, Segment Reporting (Topic 280) - Improvements to
 
DWS International Opportunities Fund
|
17
Reportable Segment Disclosures ("ASU 2023-07" ). ASU 2023-07 impacts financial statement disclosures only and does not affect the Fund's financial position or the results of its operations. An operating segment is defined in Topic 280 as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the public entity's chief operating decision maker (CODM) to make decisions about resources to be allocated to the segment and assess its performance, and has discrete financial information available. The President and Chief Executive Officer acts as the Fund's CODM. The Fund represents a single operating segment, as the CODM monitors the operating results of the Fund as a whole, and the Fund's long-term strategic asset allocation is pre-determined in accordance with the terms of its prospectus, based on a defined investment strategy that is executed by the Fund's portfolio managers as a team. The financial information in the form of the Fund's portfolio composition, total returns, expense ratios and changes in net asset (i.e., changes in net assets resulting from operations, subscriptions and redemptions), which are used by the CODM to assess the segment's performance versus the Fund's comparative benchmarks and to make resource allocation decisions for the Fund's single segment, is consistent with that presented within the Fund's financial statements. Segment assets are reflected on the accompanying Statement of Assets and Liabilities as "total assets"  and results of operations and significant segment expenses are listed on the accompanying Statement of Operations.
Security Valuation. Investments are stated at value determined as of the close of regular trading on the New York Stock Exchange on each day the exchange is open for trading.
The Fund's Board has designated DWS Investment Management Americas, Inc. (the "Advisor" ) as the valuation designee for the Fund pursuant to Rule 2a-5 under the 1940 Act. The Advisor's Pricing Committee (the "Pricing Committee" ) typically values securities using readily available market quotations or prices supplied by independent pricing services (which are considered fair values under Rule 2a-5). The Advisor has adopted fair valuation procedures that provide methodologies for fair valuing securities.
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.
 
18
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Equity securities and exchange-traded funds ("ETFs" ) are valued at the most recent sale price or official closing price reported on the exchange (U.S. or foreign) or over-the-counter market on which they trade. Equity securities or ETFs for which no sales are reported are valued at the calculated mean between the most recent bid and asked quotations on the relevant market or, if a mean cannot be determined, at the most recent bid quotation. Equity securities and ETFs are generally categorized as Level 1. For certain international equity securities, in order to adjust for events which may occur between the close of the foreign exchanges and the close of the New York Stock Exchange, a fair valuation model may be used. This fair valuation model takes into account comparisons to the valuation of American Depository Receipts (ADRs), exchange-traded funds, futures contracts and certain indices and these securities are categorized as Level 2.
Investments in open-end investment companies are valued at their net asset value each business day and are categorized as Level 1.
Securities and other assets for which market quotations are not readily available or for which the above valuation procedures are deemed not to reflect fair value are valued in a manner that is intended to reflect their fair value as determined in accordance with procedures approved by the Pricing Committee and are generally categorized as Level 3. In accordance with the Fund's valuation procedures, factors considered in determining value may include, but are not limited to, the type of the security; the size of the holding; the initial cost of the security; the existence of any contractual restrictions on the security's disposition; the price and extent of public trading in similar securities of the issuer or of comparable companies; quotations or evaluated prices from broker-dealers and/or pricing services; information obtained from the issuer, analysts, and/or the appropriate stock exchange (for exchange-traded securities); an analysis of the company's or issuer's financial statements; an evaluation of the forces that influence the issuer and the market(s) in which the security is purchased and sold; and with respect to debt securities, the maturity, coupon, creditworthiness, currency denomination and the movement of the market in which the security is normally traded. The value determined under these procedures may differ from published values for the same securities.
Disclosure about the classification of fair value measurements is included in a table following the Fund's Investment Portfolio.
Securities Lending. National Financial Services LLC (Fidelity Agency Lending), as securities lending agent, lends securities of the Fund to certain financial institutions under the terms of its securities lending agreement. During the term of the loans, the Fund continues to receive interest and dividends generated by the securities and to participate in any changes in their market value. The Fund requires the borrowers of the
 
DWS International Opportunities Fund
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19
securities to maintain collateral with the Fund consisting of cash and/or securities issued or guaranteed by the U.S. Government, its agencies or instrumentalities having a value at least equal to the value of the securities loaned. When the collateral falls below specified amounts, the securities lending agent will use its best efforts to obtain additional collateral on the next business day to meet required amounts under the securities lending agreement. During the six months ended February 28, 2026, the Fund invested the cash collateral, if any, into a joint trading account in affiliated money market funds, including DWS Government & Agency Securities Portfolio, managed by DWS Investment Management Americas, Inc. DWS Investment Management Americas, Inc. receives a management/ administration fee (0.13% annualized effective rate as of February 28, 2026) on the cash collateral invested in DWS Government & Agency Securities Portfolio. The Fund receives compensation for lending its securities either in the form of fees or by earning interest on invested cash collateral net of borrower rebates and fees paid to a securities lending agent. Either the Fund or the borrower may terminate the loan at any time, and the borrower, after notice, is required to return borrowed securities within a standard time period. There may be risks of delay and costs in recovery of securities or even loss of rights in the collateral should the borrower of the securities fail financially. If the Fund is not able to recover securities lent, the Fund may sell the collateral and purchase a replacement investment in the market, incurring the risk that the value of the replacement security is greater than the value of the collateral. The Fund is also subject to all investment risks associated with the reinvestment of any cash collateral received, including, but not limited to, interest rate, credit and liquidity risk associated with such investments.
As of February 28, 2026, the Fund had securities on loan. The value of the related collateral exceeded the value of the securities loaned at period end.
Remaining Contractual Maturity of the Agreements as of February 28, 2026  
Overnight
and
Continuous
˂30 days
Between 30
& 90 days
˃90 days
Total
Securities Lending Transactions
Common Stocks
$5,895,050
$-
$-
$-
$5,895,050
Preferred Stocks
1,227,339
-
-
-
1,227,339
Total Borrowings
$7,122,389
$-
$-
$-
$7,122,389
Gross amount of recognized liabilities and cash collateral for securities
lending transactions:
$7,122,389
Foreign Currency Translations. The books and records of the Fund are maintained in U.S. dollars. Investment securities and other assets and liabilities denominated in a foreign currency are translated into U.S. dollars
 
20
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DWS International Opportunities Fund
at the prevailing exchange rates at period end. Purchases and sales of investment securities, income and expenses are translated into U.S. dollars at the prevailing exchange rates on the respective dates of the transactions.
Net realized and unrealized gains and losses on foreign currency transactions represent net gains and losses between trade and settlement dates on securities transactions, the acquisition and disposition of foreign currencies, and the difference between the amount of net investment income accrued and the U.S. dollar amount actually received. The portion of both realized and unrealized gains and losses on investments that results from fluctuations in foreign currency exchange rates is not separately disclosed but is included with net realized and unrealized gain/appreciation and loss/depreciation on investments.
Tax Information.  The Fund's policy is to comply with the requirements of the Internal Revenue Code of 1986, as amended, which are applicable to regulated investment companies, and to distribute all of its taxable income to its shareholders.
Additionally, the Fund may be subject to taxes imposed by the governments of countries in which it invests and are generally based on income and/or capital gains earned or repatriated. Estimated tax liabilities on certain foreign securities are recorded on an accrual basis and are reflected as components of interest income or net change in unrealized gain/loss on investments. Tax liabilities realized as a result of security sales are reflected as a component of net realized gain/loss on investments.
At February 28, 2026, the aggregate cost of investments for federal income tax purposes was $272,918,071. The net unrealized appreciation for all investments based on tax cost was $225,575,726. This consisted of aggregate gross unrealized appreciation for all investments for which there was an excess of value over tax cost of $243,000,391 and aggregate gross unrealized depreciation for all investments for which there was an excess of tax cost over value of $17,424,665.
The Fund files tax returns with the Internal Revenue Service, the State of New York, and various other states. Specific to U.S. federal and state taxes, generally, each of the tax years in the four-year period ended August 31, 2025, remains subject to examination by taxing authorities. Specific to foreign countries in which the Fund invests, all open tax years remain subject to examination by taxing authorities in the respective jurisdictions. The open tax years vary by each jurisdiction in which the Fund invests.
Distribution of Income and Gains. Distributions from net investment income of the Fund, if any, are declared and distributed to shareholders annually. Net realized gains from investment transactions, in excess of available capital loss carryforwards, would be taxable to the Fund if not
 
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21
distributed, and, therefore, will be distributed to shareholders at least annually. The Fund may also make additional distributions for tax purposes if necessary.
The timing and characterization of certain income and capital gain distributions are determined annually in accordance with federal tax regulations which may differ from accounting principles generally accepted in the United States of America. These differences primarily relate to certain securities sold at a loss. The Fund may utilize a portion of the proceeds from capital shares redeemed as a distribution from net investment income and realized capital gains. As a result, net investment income (loss) and net realized gain (loss) on investment transactions for a reporting period may differ significantly from distributions during such period. Accordingly, the Fund may periodically make reclassifications among certain of its capital accounts without impacting the net asset value of the Fund.
The tax character of current year distributions will be determined at the end of the current fiscal year.
Expenses. Expenses of the Corporation arising in connection with a specific fund are allocated to that fund. Other Corporation expenses which cannot be directly attributed to a fund are apportioned among the funds in the Corporation based upon the relative net assets or other appropriate measures.
Contingencies. In the normal course of business, the Fund may enter into contracts with service providers that contain general indemnification clauses. The Fund's maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Fund that have not yet been made. However, based on experience, the Fund expects the risk of loss to be remote.
Other. Investment transactions are accounted for on a trade date plus one basis for daily net asset value calculations. However, for financial reporting purposes, investment transactions are reported on trade date. Interest income is recorded on the accrual basis. Dividend income is recorded on the ex-dividend date net of foreign withholding taxes. Certain dividends from foreign securities may be recorded subsequent to the ex-dividend date as soon as the Fund is informed of such dividends. Realized gains and losses from investment transactions are recorded on an identified cost basis. Proceeds from litigation payments, if any, are included in net realized gain (loss) from investments.
B.
Purchases and Sales of Securities
During the six months ended February 28, 2026, purchases and sales of investment securities (excluding short-term investments) aggregated $53,147,492 and $69,769,151, respectively.
 
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DWS International Opportunities Fund
C.
Related Parties
Management Agreement. Under the Investment Management Agreement with DWS Investment Management Americas, Inc. ("DIMA"  or the "Advisor" ), an indirect, wholly owned subsidiary of DWS Group GmbH & Co. KGaA ("DWS Group" ), the Advisor directs the investments of the Fund in accordance with its investment objectives, policies and restrictions. The Advisor determines the securities, instruments and other contracts relating to investments to be purchased, sold or entered into by the Fund.
Under the Investment Management Agreement with the Advisor, the Fund pays a monthly management fee based on the average daily net assets of the Fund, computed and accrued daily and payable monthly at the annual rate (exclusive of any applicable waivers/reimbursements) of 0.62%.
For the period from September 1, 2025 through November 30, 2025, the Advisor had contractually agreed to waive its fees and/or reimburse certain operating expenses of the Fund to the extent necessary to maintain the total annual operating expenses (excluding certain expenses such as extraordinary expenses, taxes, brokerage, interest expense and acquired fund fees and expenses) of each class as follows: 
Class A
1.12%
Class C
1.87%
Class S
.87%
Institutional Class
.87%
Effective December 1, 2025 through November 30, 2026 (through September 30, 2026 for Class S and Institutional Class shares), the Advisor has contractually agreed to waive its fees and/or reimburse certain operating expenses of the Fund to the extent necessary to maintain the total annual operating expenses (excluding certain expenses such as extraordinary expenses, taxes, brokerage, interest expense and acquired fund fees and expenses) of each class as follows: 
Class A
1.19%
Class C
1.94%
Class S
.94%
Institutional Class
.94%
 
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23
For the six months ended February 28, 2026, fees waived and/or expenses reimbursed for each class are as follows: 
Class A
$8,597
Class C
401
Class S
49,812
Institutional Class
597
$59,407
Administration Fee. Pursuant to an Administrative Services Agreement, DIMA provides most administrative services to the Fund. For all services provided under the Administrative Services Agreement, the Fund pays the Advisor an annual fee ("Administration Fee" ) of 0.097% of the Fund's average daily net assets, computed and accrued daily and payable monthly. For the six months ended February 28, 2026, the Administration Fee was $230,636, of which $36,060 is unpaid.
Service Provider Fees. DWS Service Company ("DSC" ), an affiliate of the Advisor, is the transfer agent, dividend-paying agent and shareholder service agent for the Fund. Pursuant to a sub-transfer agency agreement between DSC and SS&C GIDS, Inc. ("SS&C" ), DSC has delegated certain transfer agent, dividend-paying agent and shareholder service agent functions to SS&C. DSC compensates SS&C out of the shareholder servicing fee it receives from the Fund. For the six months ended February 28, 2026, the amounts charged to the Fund by DSC were as follows: 
Services to Shareholders
Total
Aggregated
Unpaid at
February 28, 2026
Class A
$7,681
$2,617
Class C
300
103
Class S
115,177
38,589
Institutional Class
197
61
$123,355
$41,370
In addition, for the six months ended February 28, 2026, the amounts charged to the Fund for recordkeeping and other administrative services
 
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|
DWS International Opportunities Fund
provided by unaffiliated third parties, included in the Statement of Operations under "Services to shareholders,"  were as follows: 
Sub-Recordkeeping
Total
Aggregated
Class A
$19,951
Class C
289
Class S
139,700
Institutional Class
3,462
$163,402
Distribution and Service Fees. Under the Fund's Class C 12b-1 Plan, DWS Distributors, Inc. ("DDI" ), an affiliate of the Advisor, receives a fee ("Distribution Fee" ) of 0.75% of the average daily net assets of Class C shares. In accordance with the Fund's Underwriting and Distribution Services Agreement, DDI enters into related selling group agreements with various firms at various rates for sales of Class C shares. For the six months ended February 28, 2026, the Distribution Fee was as follows: 
Distribution Fee
Total
Aggregated
Unpaid at
February 28, 2026
Class C
$965
$138
In addition, DDI provides information and administrative services for a fee ("Service Fee" ) to Class A and C shareholders at an annual rate of up to 0.25% of the average daily net assets for each such class. DDI in turn has various agreements with financial services firms that provide these services and pays these fees based upon the assets of shareholder accounts the firms service. For the six months ended February 28, 2026, the Service Fee was as follows: 
Service Fee
Total
Aggregated
Unpaid at
February 28, 2026
Annualized
Rate
Class A
$41,163
$14,731
.24%
Class C
270
372
.21%
$41,433
$15,103
Underwriting Agreement and Contingent Deferred Sales Charge. DDI is the principal underwriter for the Fund. Underwriting commissions paid in connection with the distribution of Class A shares for the six months ended February 28, 2026 aggregated $134.
In addition, DDI receives any contingent deferred sales charge ("CDSC" ) from Class C share redemptions occurring within one year of purchase. There is no such charge upon redemption of any share appreciation or reinvested dividends. The CDSC is 1% of the value of the shares redeemed for Class C. For the six months ended February 28, 2026, there
 
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25
was no CDSC for Class C Shares. A deferred sales charge of up to 0.75% is assessed on certain redemptions of Class A shares. For the six months ended February 28, 2026, DDI received $48 for Class A shares.
Other Service Fees. Under an agreement with the Fund, DIMA is compensated for providing regulatory filing services to the Fund. For the six months ended February 28, 2026, the amount charged to the Fund by DIMA included in the Statement of Operations under "Reports to shareholders"  aggregated $868, of which $225 is unpaid.
Directors' Fees and Expenses. The Fund paid retainer fees to each Director not affiliated with the Advisor, plus specified amounts to the Board Chairperson and to each committee Chairperson.
Affiliated Cash Management Vehicles. The Fund may invest uninvested cash balances in DWS Central Cash Management Government Fund, an affiliated money market fund which is managed by the Advisor. DWS Central Cash Management Government Fund is managed in accordance with Rule 2a-7 under the 1940 Act, which governs the quality, maturity, diversity and liquidity of instruments in which a money market fund may invest and seeks to maintain a stable net asset value. The Fund indirectly bears its proportionate share of the expenses of its investment in DWS Central Cash Management Government Fund. DWS Central Cash Management Government Fund does not pay the Advisor an investment management fee.
D.
Line of Credit
The Fund and other affiliated funds (the "Participants" ) share in a $345 million revolving credit facility provided by a syndication of banks. The Fund may borrow for temporary or emergency purposes, including the meeting of redemption requests that otherwise might require the untimely disposition of securities. The Participants are charged an annual commitment fee, which is allocated based on net assets, among each of the Participants. Interest is calculated at a daily fluctuating rate per annum equal to the sum of 0.10% plus the higher of the Federal Funds Effective Rate and the Overnight Bank Funding Rate, plus 1.25%. The Fund may borrow up to a maximum of 33 percent of its net assets under the agreement. The Fund had no outstanding loans at February 28, 2026.
 
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DWS International Opportunities Fund
E.
Fund Share Transactions
The following table summarizes share and dollar activity in the Fund: 
Six Months Ended
February 28, 2026
Year Ended
August 31, 2025
Shares
Dollars
Shares
Dollars
Shares sold
Class A
19,437
$892,297
41,106
$1,749,144
Class C
184
7,897
548
21,480
Class S
35,245
1,617,415
97,514
4,145,867
Institutional Class
55,909
2,563,997
28,482
1,196,379
$5,081,606
$7,112,870
Shares issued to shareholders in reinvestment of distributions
Class A
29,812
$1,338,254
22,045
$869,881
Class C
232
9,699
184
6,763
Class S
413,089
18,510,529
311,330
12,266,408
Institutional Class
6,757
302,581
4,660
183,613
$20,161,063
$13,326,665
Shares redeemed
Class A
(48,858
)
$(2,245,719
)
(167,680
)
$(7,099,346
)
Class C
(1,085
)
(46,664
)
(3,508
)
(136,709
)
Class S
(476,056
)
(21,820,386
)
(963,405
)
(40,259,684
)
Institutional Class
(17,903
)
(817,786
)
(38,051
)
(1,593,322
)
$(24,930,555
)
$(49,089,061
)
Net increase (decrease)
Class A
391
$(15,168
)
(104,529
)
$(4,480,321
)
Class C
(669
)
(29,068
)
(2,776
)
(108,466
)
Class S
(27,722
)
(1,692,442
)
(554,561
)
(23,847,409
)
Institutional Class
44,763
2,048,792
(4,909
)
(213,330
)
$312,114
$(28,649,526
)
 
DWS International Opportunities Fund
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27
Advisory Agreement Board Considerations and Fee Evaluation
The Board of Directors (hereinafter referred to as the "Board"  or "Directors" ) approved the renewal of DWS International Opportunities Fund's (formerly, DWS International Growth Fund) (the "Fund" ) investment management agreement (the "Agreement" ) with DWS Investment Management Americas, Inc. ("DIMA" ) in September 2025.
In terms of the process that the Board followed prior to approving the Agreement, shareholders should know that:
- 
During the entire process, all of the Fund's Directors were independent of DIMA and its affiliates (the "Independent Directors" ).
- 
The Board met frequently during the past year to discuss fund matters and dedicated a substantial amount of time to contract review matters. Over the course of several months, the Board reviewed extensive materials received from DIMA, independent third parties and independent counsel, including materials containing information on the Fund's performance, fees and expenses, profitability, economies of scale and fall-out benefits.
- 
The Board also received extensive information throughout the year regarding performance of the Fund.
- 
The Independent Directors regularly met privately with counsel to discuss contract review and other matters.
- 
In connection with reviewing the Agreement, the Board also reviewed the terms of the Fund's Rule 12b-1 plan, distribution agreement, administrative services agreement, transfer agency agreement, and certain other material service agreements.
In connection with the contract review process, the Board considered the factors discussed below, among others. The Board also considered that DIMA and its predecessors have managed the Fund since its inception, and the Board believes that a long-term relationship with a capable, conscientious advisor is in the best interests of the Fund. The Board considered, generally, that shareholders chose to invest or remain invested in the Fund knowing that DIMA managed the Fund. DIMA is part of DWS Group GmbH & Co. KGaA ("DWS Group" ). DWS Group is a global asset management business that offers a wide range of investing expertise and resources, including research capabilities in many countries throughout the world. DWS Group is majority-owned by Deutsche Bank AG, with approximately 20% of its shares publicly traded.
As part of the contract review process, the Board carefully considered the fees and expenses of each DWS fund overseen by the Board in light of the fund's performance. In many cases, this led to the negotiation and implementation of expense caps.
 
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DWS International Opportunities Fund
While shareholders may focus primarily on fund performance and fees, the Board considers these and many other factors, including the quality and integrity of DIMA's personnel and administrative support services provided by DIMA, such as back-office operations, fund valuations, and compliance policies and procedures.
Nature, Quality and Extent of Services. The Board considered the terms of the Agreement, including the scope of advisory services provided under the Agreement. The Board noted that, under the Agreement, DIMA provides portfolio management services to the Fund and that, pursuant to a separate administrative services agreement, DIMA provides administrative services to the Fund. The Board considered the experience and skills of senior management and investment personnel and the resources made available to such personnel. The Board also considered the risks to DIMA in sponsoring or managing the Fund, including financial, operational and reputational risks, the potential economic impact to DIMA from such risks and DIMA's approach to addressing such risks. The Board reviewed the Fund's performance over short-term and long-term periods and compared those returns to various agreed-upon performance measures, including market index(es) and a peer universe compiled using information supplied by Morningstar Direct ("Morningstar" ), an independent fund data service. The Board also noted that it has put into place a process of identifying "Funds in Review"  (e.g., funds performing poorly relative to a peer universe), and receives additional reporting from DIMA regarding such funds and, where appropriate, DIMA's plans to address underperformance. The Board believes this process is an effective manner of identifying and addressing underperforming funds. Based on the information provided, the Board noted that, for the one-, three- and five-year periods ended December 31, 2024, the Fund's performance (Class A shares) was in the 1st quartile, 3rd quartile and 3rd quartile, respectively, of the applicable Morningstar universe (the 1st quartile being the best performers and the 4th quartile being the worst performers). The Board also observed that the Fund has outperformed its benchmark in the one-year period and has underperformed its benchmark in the three- and five-year periods ended December 31, 2024.
Fees and Expenses. The Board considered the Fund's investment management fee schedule, operating expenses and total expense ratios, and comparative information provided by Broadridge Financial Solutions, Inc. ("Broadridge" ) regarding investment management fee rates paid to other investment advisors by similar funds (1st quartile being the most favorable and 4th quartile being the least favorable). With respect to management fees paid to other investment advisors by similar funds, the Board noted that the contractual fee rates paid by the Fund, which include a 0.097% fee paid to DIMA under the Fund's administrative services agreement, were lower than the median (1st quartile) of the applicable Broadridge peer group (based on Broadridge data provided as of
 
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29
December 31, 2024). The Board noted that the Fund's Class A shares total (net) operating expenses (excluding 12b-1 fees) were expected to be higher than the median (3rd quartile) of the applicable Broadridge expense universe (based on Broadridge data provided as of December 31, 2024, and analyzing Broadridge expense universe Class A (net) expenses less any applicable 12b-1 fees) ("Broadridge Universe Expenses" ). The Board also reviewed data comparing each other operational share class's total (net) operating expenses to the applicable Broadridge Universe Expenses. The Board noted that the expense limitations agreed to by DIMA were expected to help the Fund's total (net) operating expenses remain competitive. The Board considered the Fund's management fee rate as compared to fees charged by DIMA to a comparable DWS U.S. registered fund ("DWS Funds" ) and considered differences between the Fund and the comparable DWS Fund. The information requested by the Board as part of its review of fees and expenses also included information about institutional accounts (including any sub-advised funds and accounts) and funds offered primarily to European investors ("DWS Europe Funds" ) managed by DWS Group. The Board noted that DIMA indicated that DWS Group does not manage any institutional accounts or DWS Europe Funds comparable to the Fund.
On the basis of the information provided, the Board concluded that management fees were reasonable and appropriate in light of the nature, quality and extent of services provided by DIMA.
Profitability. The Board reviewed detailed information regarding revenues received by DIMA under the Agreement. The Board considered the estimated costs to DIMA, and pre-tax profits realized by DIMA, from advising the DWS Funds, as well as estimates of the pre-tax profits attributable to managing the Fund in particular. The Board also received information regarding the estimated enterprise-wide profitability of DIMA and its affiliates with respect to all fund services in totality and by fund. The Board reviewed DIMA's methodology in allocating its costs to the management of the Fund. Based on the information provided, the Board concluded that the pre-tax profits realized by DIMA in connection with the management of the Fund were not unreasonable. The Board also reviewed certain publicly available information regarding the profitability of certain similar investment management firms. The Board noted that, while information regarding the profitability of such firms is limited (and in some cases is not necessarily prepared on a comparable basis), DIMA and its affiliates' overall profitability with respect to the DWS Funds (after taking into account distribution and other services provided to the funds by DIMA and its affiliates) was in line with the overall profitability levels of most comparable firms for which such data was available.
Economies of Scale. The Board considered whether there are economies of scale with respect to the management of the Fund and whether the
 
30
|
DWS International Opportunities Fund
Fund benefits from any economies of scale. In this regard, the Board observed that while the Fund's current investment management fee schedule does not include breakpoints, the Fund's fee schedule represents an appropriate sharing between the Fund and DIMA of such economies of scale as may exist in the management of the Fund at current asset levels.
Other Benefits to DIMA and Its Affiliates. The Board also considered the character and amount of other incidental or "fall-out"  benefits received by DIMA and its affiliates, including any fees received by DIMA for administrative services provided to the Fund, any fees received by an affiliate of DIMA for transfer agency services provided to the Fund and any fees received by an affiliate of DIMA for distribution services. The Board also considered benefits to DIMA related to brokerage and soft-dollar allocations, including allocating brokerage to pay for research generated by parties other than the executing broker dealers, which pertain primarily to funds investing in equity securities. In addition, the Board considered the incidental public relations benefits to DIMA related to DWS Funds advertising and cross-selling opportunities among DIMA products and services. The Board considered these benefits in reaching its conclusion that the Fund's management fees were reasonable.
Compliance. The Board considered the significant attention and resources dedicated by DIMA to its compliance processes. The Board noted in particular (i) the experience, seniority and time commitment of the individuals serving as DIMA's and the Fund's chief compliance officers; (ii) the substantial commitment of resources by DIMA and its affiliates to compliance matters; and (iii) ongoing efforts to enhance the compliance program.
Based on all of the information considered and the conclusions reached, the Board determined that the continuation of the Agreement is in the best interests of the Fund. In making this determination, the Board did not give particular weight to any single factor identified above and individual Independent Directors may have weighed these factors differently in reaching their individual decisions to approve the continuation of the Agreement. The Board considered these factors over the course of numerous meetings, certain of which were in executive session with only the Independent Directors and counsel present.
DIOF-BFE2025
 
DWS International Opportunities Fund
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31
 
DIOF-NCSRS
(b) The Financial Highlights are included with the Financial Statements under Item 7(a).
Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.
Not applicable
Item 9. Proxy Disclosures for Open-End Management Investment Companies.
Not applicable
Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.
See Item 7(a)
Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.
See Item 7(a)
Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable
Item 13. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable
Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable
Item 15. Submission of Matters to a Vote of Security Holders.
There were no material changes to the procedures by which shareholders may recommend nominees to the Fund's Board. The primary function of the Nominating and Governance Committee is to identify and recommend individuals for membership on the Board and oversee the administration of the Board Governance Guidelines. Shareholders may recommend candidates for Board positions by forwarding their correspondence by U.S. mail or courier service to Keith R. Fox, DWS Funds Board Chair, c/o Thomas R. Hiller, Ropes & Gray LLP, Prudential Tower, 800 Boylston Street, Boston, MA 02199-3600.
Item 16. Controls and Procedures.
(a) The Chief Executive and Financial Officers concluded that the Registrant's Disclosure Controls and Procedures are effective based on the evaluation of the Disclosure Controls and Procedures as of a date within 90 days of the filing date of this report.
(b) There have been no changes in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal controls over financial reporting.
Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable
Item 18. Recovery of Erroneously Awarded Compensation.
Not applicable
Item 19. Exhibits
(a)(1) Not applicable
(a)(2) Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.
(b) Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 (17 CFR 270.30a-2(b)) is furnished and attached hereto as Exhibit 99.906CERT.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Registrant: DWS International Opportunities Fund, a series of Deutsche DWS Global/International Fund, Inc.
By:

/s/Hepsen Uzcan

Hepsen Uzcan

Principal Executive Officer

Date: 4/29/2026

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:

/s/Hepsen Uzcan

Hepsen Uzcan

Principal Executive Officer

Date: 4/29/2026
By:

/s/Diane Kenneally

Diane Kenneally

Principal Financial Officer

Date: 4/29/2026
Deutsche DWS Global/International Fund Inc. published this content on April 30, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 30, 2026 at 14:49 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]