New Germany Fund
Sponsor: DWS · Inception Jan 25, 1990 · Pays semi-annual
Market priceShare price
$10.22
+0.69% (+$0.07)
NAVAsset value per share
$11.35
as of Oct 14, 2026 · Nasdaq NAV symbol
Premium / discountPrice vs. assets
9.96% discount *
Indicative: latest price vs latest reported NAV
Distribution rate (price)Payout rate
0.36%
regular, annualised · on NAV 0.33%
Expense ratioAnnual cost
Not reported
no tagged fee table
LeverageBorrowing
Not reported
senior securities not tagged
Quote status: Market closed — last regular-session price · last trade Oct 15, 2026, 3:59 PM EDT (exchange time, ET) · retrieved Oct 15, 2026, 10:43 PM EDTRegular-session prices; extended-hours quotes are not displayed.
Full portfolio as filed on SEC Form N-PORT for the month ending Jun 30, 2026, filed Aug 20, 2026. 58 positions; weights are percent of net assets as reported. Weights sum to 100.0% — leverage, cash, derivatives and short positions mean totals need not equal 100%. This is a historical report, not a live portfolio.
Top 10 holdings
| # | Security | Type | Country | Weight | Value (USD) |
|---|---|---|---|---|---|
| 1 | DWS | Short-term inv. | United States | 8.41% | $18.5M |
| 2 | DEUTSCHE LUFTHANSA-REG /EUR/ | Equity | Germany | 5.16% | $11.4M |
| 3 | JENOPTIK AG /EUR/ | Equity | Germany | 4.47% | $9.8M |
| 4 | KNORR-BREMSE AG /EUR/ | Equity | Germany | 3.97% | $8.7M |
| 5 | DELIVERY HERO SE /EUR/ | Equity | Germany | 3.71% | $8.2M |
| 6 | THYSSENKRUPP AG /EUR/ | Equity | Germany | 3.65% | $8M |
| 7 | NORDEX SE /EUR/ | Equity | Germany | 3.50% | $7.7M |
| 8 | TALANX AG /EUR/ | Equity | Germany | 3.48% | $7.7M |
| 9 | BILFINGER SE /EUR/ | Equity | Germany | 3.18% | $7M |
| 10 | SIEMENS ENERGY AG /EUR/ | Equity | Germany | 2.63% | $5.8M |
Asset class
| Asset class | % net assets | Value |
|---|---|---|
| Short-term investment vehicle | 9.28% | $20.4M |
| Equity (common) | 88.42% | $194M |
| Equity (preferred) | 2.29% | $5M |
Country (top 12)
| Country (top 12) | % net assets | Value |
|---|---|---|
| United States | 9.28% | $20.4M |
| Germany | 89.00% | $196M |
| Netherlands | 0.99% | $2.2M |
| Luxembourg | 0.73% | $1.6M |
Region
| Region | % net assets | Value |
|---|---|---|
| Developed Europe | 90.72% | $199M |
| United States | 9.28% | $20.4M |
Issuer type
| Issuer type | % net assets | Value |
|---|---|---|
| Corporate | 90.72% | $199M |
| Registered fund | 9.28% | $20.4M |
Fair-value level
| Fair-value level | % net assets | Value |
|---|---|---|
| Level 1 | 100.00% | $220M |
Level 3 = valued with unobservable inputs (typically private or illiquid).
Long / short
| Long / short | % net assets | Value |
|---|---|---|
| Long | 100.00% | $220M |
All allocation percentages use net assets as the denominator (N-PORT convention). A position's share of invested assets may differ from its share of the whole fund including cash and leverage.
All 58 positions
| Security | Identifier | Type | Issuer | Country | Balance | Units | Value (USD) | Weight | FV level |
|---|---|---|---|---|---|---|---|---|---|
| DWS | 147539670 | Short-term inv. | RF | United States | 18,504,401 | shares | $18.5M | 8.41% | 1 |
| DEUTSCHE LUFTHANSA-REG /EUR/ | D1908N106 | Equity | CORP | Germany | 992,137 | shares | $11.4M | 5.16% | 1 |
| JENOPTIK AG /EUR/ | D3S19K104 | Equity | CORP | Germany | 183,138 | shares | $9.8M | 4.47% | 1 |
| KNORR-BREMSE AG /EUR/ | D4S43E114 | Equity | CORP | Germany | 75,252 | shares | $8.7M | 3.97% | 1 |
| DELIVERY HERO SE /EUR/ | D1T0KZ103 | Equity | CORP | Germany | 198,127 | shares | $8.2M | 3.71% | 1 |
| THYSSENKRUPP AG /EUR/ | D8398Q119 | Equity | CORP | Germany | 674,785 | shares | $8M | 3.65% | 1 |
| NORDEX SE /EUR/ | D5736K135 | Equity | CORP | Germany | 145,906 | shares | $7.7M | 3.50% | 1 |
| TALANX AG /EUR/ | D82827110 | Equity | CORP | Germany | 60,527 | shares | $7.7M | 3.48% | 1 |
| BILFINGER SE /EUR/ | D11648108 | Equity | CORP | Germany | 76,142 | shares | $7M | 3.18% | 1 |
| SIEMENS ENERGY AG /EUR/ | D6T47E106 | Equity | CORP | Germany | 30,527 | shares | $5.8M | 2.63% | 1 |
| SARTORIUS AG-VORZUG /EUR/ | D6705R119 | Equity | CORP | Germany | 21,909 | shares | $5.7M | 2.61% | 1 |
| TAG IMMOBILIEN AG /EUR/ | D8283Q174 | Equity | CORP | Germany | 336,325 | shares | $5.4M | 2.47% | 1 |
| AIXTRON SE /EUR/ /PERPETUAL/ | D0257Y135 | Equity | CORP | Germany | 85,721 | shares | $5.2M | 2.34% | 1 |
| DR ING HC F PORSCH /EUR/ /PFD/ | D2R3HA114 | Preferred | CORP | Germany | 101,325 | shares | $5M | 2.29% | 1 |
| TUI AG /EUR/ | D8484K455 | Equity | CORP | Germany | 574,108 | shares | $4.8M | 2.16% | 1 |
| BECHTLE AG /EUR/ | D0873U103 | Equity | CORP | Germany | 133,197 | shares | $4.7M | 2.14% | 1 |
| FLATEXDEGIRO SE /EUR/ | D3690M106 | Equity | CORP | Germany | 106,519 | shares | $4.6M | 2.08% | 1 |
| HENSOLDT AG /EUR/ | D3R14P109 | Equity | CORP | Germany | 58,526 | shares | $4.5M | 2.06% | 1 |
| SMA SOLAR TECHNOLOGY AG /EUR/ | D7008K108 | Equity | CORP | Germany | 61,517 | shares | $4.4M | 2.01% | 1 |
| RATIONAL AG /EUR/ | D6349P107 | Equity | CORP | Germany | 5,707 | shares | $4.2M | 1.90% | 1 |
| DEUTZ AG /EUR/ | D39176108 | Equity | CORP | Germany | 410,790 | shares | $4.1M | 1.87% | 1 |
| AURUBIS AG /EUR/ | D10004105 | Equity | CORP | Germany | 19,286 | shares | $4M | 1.82% | 1 |
| PUMA SE /EUR/ | D62318148 | Equity | CORP | Germany | 130,851 | shares | $4M | 1.81% | 1 |
| RENK GROUP AG /EUR/ | D6S2UZ108 | Equity | CORP | Germany | 80,439 | shares | $3.9M | 1.76% | 1 |
| ELMOS SEMICONDUCTOR SE /EUR/ | D2462G107 | Equity | CORP | Germany | 17,922 | shares | $3.7M | 1.68% | 1 |
| AUTO1 GROUP SE /EUR/ | D0R06D102 | Equity | CORP | Germany | 137,884 | shares | $3.6M | 1.66% | 1 |
| VOSSLOH AG /EUR/ | D9494V101 | Equity | CORP | Germany | 48,755 | shares | $3.5M | 1.59% | 1 |
| UNITED INTERNET AG-REG S /EUR/ | D8542B125 | Equity | CORP | Germany | 130,545 | shares | $3.4M | 1.56% | 1 |
| TRATON SE /EUR/ | D8T4KC101 | Equity | CORP | Germany | 68,922 | shares | $2.6M | 1.19% | 1 |
| KION GROUP AG /EUR/ | D4S14D103 | Equity | CORP | Germany | 58,202 | shares | $2.6M | 1.17% | 1 |
| KRONES AG /EUR/ | D47441171 | Equity | CORP | Germany | 19,718 | shares | $2.5M | 1.15% | 1 |
| SUSS MICROTEC SE /EUR/ | D82791167 | Equity | CORP | Germany | 23,251 | shares | $2.5M | 1.12% | 1 |
| TKMS AG& CO KGAA /EUR/ | D8T5DP107 | Equity | CORP | Germany | 28,943 | shares | $2.5M | 1.12% | 1 |
| SCHAEFFLER AG /EUR/ | D6T0B6155 | Equity | CORP | Germany | 233,878 | shares | $2.3M | 1.03% | 1 |
| REDCARE PHARMACY NV /EUR/ | N7975Z103 | Equity | CORP | Netherlands | 28,798 | shares | $2.2M | 0.99% | 1 |
| INFINEON TECHNOLOGIES AG /EUR/ | D35415104 | Equity | CORP | Germany | 22,126 | shares | $2.1M | 0.94% | 1 |
| HOCHTIEF AG /EUR/ | D33134103 | Equity | CORP | Germany | 3,557 | shares | $2.1M | 0.94% | 1 |
| NEMETSCHEK SE /EUR/ | D56134105 | Equity | CORP | Germany | 33,885 | shares | $2.1M | 0.94% | 1 |
| WACKER CHEMIE AG /EUR/ | D9540Z106 | Equity | CORP | Germany | 19,483 | shares | $2M | 0.92% | 1 |
| CTS EVENTIM AG & CO KGAA /EUR/ | D1648T108 | Equity | CORP | Germany | 33,628 | shares | $2M | 0.89% | 1 |
| SILTRONIC AG /EUR/ | D6948S114 | Equity | CORP | Germany | 20,881 | shares | $1.9M | 0.88% | 1 |
| DWS | — | Short-term inv. | RF | United States | 1,912,356 | shares | $1.9M | 0.87% | 1 |
| STROEER MEDIA AG /EUR/_ | D8169G100 | Equity | CORP | Germany | 46,392 | shares | $1.8M | 0.82% | 1 |
| PVA TEPLA AG /EUR/ | D8313K106 | Equity | CORP | Germany | 31,760 | shares | $1.6M | 0.75% | 1 |
| RTL GROUP /EUR/ | L80326108 | Equity | CORP | Luxembourg | 45,169 | shares | $1.6M | 0.73% | 1 |
| BASLER AG /EUR/ | D0629N106 | Equity | CORP | Germany | 47,960 | shares | $1.5M | 0.70% | 1 |
| SALZGITTER AG /EUR/ | D80900109 | Equity | CORP | Germany | 28,737 | shares | $1.5M | 0.68% | 1 |
| TONIES SE - A /EUR/ | L4024E118 | Equity | CORP | Germany | 88,266 | shares | $1.3M | 0.58% | 1 |
| JOST WERKE SE /EUR/ | D3S57J100 | Equity | CORP | Germany | 17,813 | shares | $1.1M | 0.48% | 1 |
| PATRIZIA SE /EUR/ | D5988D110 | Equity | CORP | Germany | 119,825 | shares | $1.1M | 0.48% | 1 |
| FIELMANN GROUP AG /EUR/ | D2617N114 | Equity | CORP | Germany | 21,460 | shares | $1M | 0.48% | 1 |
| OTTOBOCK SE & CO KGAA /EUR/ | D5S6LY112 | Equity | CORP | Germany | 17,724 | shares | $1M | 0.47% | 1 |
| ALZCHEM GROUP AG /EUR/ | D0R02K100 | Equity | CORP | Germany | 4,934 | shares | $979K | 0.45% | 1 |
| FREENET AG /EUR/ | D3689Q134 | Equity | CORP | Germany | 37,640 | shares | $970K | 0.44% | 1 |
| ATOSS SOFTWARE SE /EUR/ | D0426N101 | Equity | CORP | Germany | 12,624 | shares | $965K | 0.44% | 1 |
| SFC ENERGY AG-BR /EUR/ | D8288L113 | Equity | CORP | Germany | 26,926 | shares | $635K | 0.29% | 1 |
| OHB SE AG /EUR/ | D58941101 | Equity | CORP | Germany | 545 | shares | $176K | 0.08% | 1 |
| OHB SE RTS 07/08/26/EUR/ | D58941135 | Equity | CORP | Germany | 545 | shares | $767 | 0.00% | 1 |
Equities show share counts; bonds and loans show principal amount. Coupon, maturity and ratings are shown where the filing discloses them. Source: SEC N-PORT via market-data vendor re-serve, position-level.
Holdings reports on file
| Report date | Filed | Positions | Σ weight | Net assets (calc.) | Coverage |
|---|---|---|---|---|---|
| Jun 30, 2026 | Aug 20, 2026 | 58 | 100.0% | $220M | full |
| Mar 31, 2026 | May 22, 2026 | 57 | 100.0% | $197M | full |
| Dec 31, 2025 | Feb 26, 2026 | 53 | 100.0% | $234M | full |
Net assets here are calculated from position values ÷ reported weights (median across positions), not a reported figure.
CEF Explorer research page for New Germany Fund Inc. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.