Filed electronically with the Securities and Exchange Commission on November 28, 2022
1933 Act File No. 002-14400
1940 Act File No. 811-00642
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 | | X | |
Pre-Effective Amendment No. | |__| |
Post-Effective Amendment No. 192 | | X | |
and/or | |
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 | | X | |
Amendment No. 172 | |
Deutsche DWS International Fund, Inc. (Exact Name of Registrant as Specified in Charter) |
|
875 Third Avenue, New York, NY 10022-6225 (Address of Principal Executive Offices) |
|
Registrant’s Telephone Number, including Area Code: (212) 454-4500 | |
John Millette Vice President and Secretary Deutsche DWS International Fund, Inc. 100 Summer Street Boston, MA 02110-2146 (Name and Address of Agent for Service) |
|
Copy to: John S. Marten Vedder Price P.C. 222 N. LaSalle Street Chicago, Illinois 60601-1104 |
It is proposed that this filing will become effective (check appropriate box):
|__| | Immediately upon filing pursuant to paragraph (b) | |
|X | | On December 1, 2022 pursuant to paragraph (b) | |
|__| | 60 days after filing pursuant to paragraph (a) | |
|__| | On ______________ pursuant to paragraph (a) | |
|__| | 75 days after filing pursuant to paragraph (a)(2) | |
|__| | On ______________ pursuant to paragraph (a)(2) of Rule 485 | |
If appropriate, check the following box: | ||
|__| | This post-effective amendment designates a new effective date for a previously filed post-effective amendment. |
EXPLANATORY NOTE
This Post-Effective Amendment contains the Prospectus and Statement of Additional Information relating to the following series and classes of the Registrant:
· | DWS CROCI® International Fund — Class A, Class C, Class R6, Institutional Class and Class S |
This Post-Effective Amendment is not intended to update or amend any other Prospectuses or Statements of Additional Information of the Registrant’s other series or classes.
DWS International Growth Fund | ||||||||||||
CLASS/TICKER |
A |
SGQAX |
C |
SGQCX |
R |
SGQRX |
R6 |
SGQTX |
INST |
SGQIX |
S |
SCOBX |
|
|
DWS CROCI® International Fund | ||||||||||
CLASS/TICKER |
A |
SUIAX |
C |
SUICX |
R6 |
SUIRX |
INST |
SUIIX |
S |
SCINX |
| |
1 | |
1 | |
2 | |
2 | |
5 | |
5 | |
6 | |
6 | |
6 | |
| |
7 | |
7 | |
8 | |
8 | |
11 | |
11 | |
12 | |
12 | |
12 | |
| |
13 | |
13 | |
18 | |
22 | |
23 | |
24 |
| |
26 | |
32 | |
32 | |
34 | |
34 | |
35 | |
36 | |
36 | |
37 | |
37 | |
43 | |
43 | |
44 | |
46 | |
57 | |
57 | |
62 | |
63 | |
63 |
|
A |
C |
R |
R6 |
INST |
S |
Maximum sales charge (load)
imposed on purchases, as %
of offering price |
5.75 |
None |
None |
None |
None |
None |
Maximum deferred sales
charge (load), as % of
redemption proceeds1
|
None |
1.00 |
None |
None |
None |
None |
Account Maintenance Fee
(annually, for fund account
balances below $10,000 and
subject to certain exceptions) |
$20 |
$20 |
None |
None |
None |
$20 |
|
A |
C |
R |
R6 |
INST |
S |
Management fee |
0.62 |
0.62 |
0.62 |
0.62 |
0.62 |
0.62 |
Distribution/service (12b-1)
fees |
0.24 |
0.98 |
0.50 |
None |
None |
None |
Other expenses |
0.34 |
0.47 |
0.40 |
0.34 |
0.29 |
0.30 |
Total annual fund operating
expenses |
1.20 |
2.07 |
1.52 |
0.96 |
0.91 |
0.92 |
Fee waiver/expense reim-
bursement |
0.00 |
0.09 |
0.04 |
0.00 |
0.00 |
0.00 |
Total annual fund operating
expenses after fee waiver/
expense reimbursement |
1.20 |
1.98 |
1.48 |
0.96 |
0.91 |
0.92 |
Prospectus December 1, 2022 | 1 | DWS International Growth Fund |
Years |
A |
C |
R |
R6 |
INST |
S |
1 |
$690 |
$301 |
$151 |
$98 |
$93 |
$94 |
3 |
934 |
640 |
476 |
306 |
290 |
293 |
5 |
1,197 |
1,105 |
825 |
531 |
504 |
509 |
10 |
1,946 |
2,170 |
1,809 |
1,178 |
1,120 |
1,131 |
Years |
A |
C |
R |
R6 |
INST |
S |
1 |
$690 |
$201 |
$151 |
$98 |
$93 |
$94 |
3 |
934 |
640 |
476 |
306 |
290 |
293 |
5 |
1,197 |
1,105 |
825 |
531 |
504 |
509 |
10 |
1,946 |
2,170 |
1,809 |
1,178 |
1,120 |
1,131 |
|
Returns |
Period ending |
Best Quarter |
22.97% |
June 30, 2020 |
Worst Quarter |
-19.68% |
March 31, 2020 |
Year-to-Date |
-37.08% |
September 30, 2022 |
|
Class
Inception |
1
Year |
5
Years |
10
Years |
Class A before tax |
6/18/2001 |
1.69 |
11.05 |
9.20 |
After tax on distribu-
tions |
|
0.97 |
10.85 |
9.08 |
After tax on distribu-
tions and sale of fund
shares |
|
1.68 |
8.88 |
7.63 |
Class C before tax |
6/18/2001 |
7.01 |
11.53 |
9.02 |
Class R before tax |
11/3/2003 |
7.56 |
12.07 |
9.56 |
INST Class before tax |
8/26/2008 |
8.16 |
12.75 |
10.18 |
Class S before tax |
7/23/1986 |
8.19 |
12.71 |
10.15 |
Morgan Stanley Capital
International (MSCI) All
CountryWorld ex USA
Index (reflects no deduc-
tion for fees, expenses
or taxes) |
|
7.82 |
9.61 |
7.28 |
|
Class
Inception |
1
Year |
5
Years |
Since
Inception |
Class R6 before tax |
6/1/2016 |
8.27 |
12.80 |
11.23 |
Morgan Stanley Capital
International (MSCI) All
CountryWorld ex USA
Index (reflects no deduc-
tion for fees, expenses
or taxes) |
|
7.82 |
9.61 |
9.32 |
|
Non-IRA |
IRAs |
UGMAs/
UTMAs |
Automatic
Investment
Plans |
A C |
1,000 |
500 |
1,000 |
500 |
R6 |
None |
N/A |
N/A |
N/A |
R |
None |
N/A |
N/A |
N/A |
INST |
1,000,000 |
N/A |
N/A |
N/A |
S |
2,500 |
1,000 |
1,000 |
1,000 |
Mail |
All Requests |
DWS
PO Box 219151
Kansas City, MO 64121-9151 |
Expedited Mail |
DWS
210 West 7th Street
Suite 219151
Kansas City, MO 64105-1407 | |
Web Site |
dws.com | |
Telephone |
(800) 728-3337, M – F 8 a.m. – 7 p.m. ET | |
Hearing Impaired |
For hearing impaired assistance, please
call us using a relay service |
|
A |
C |
R6 |
INST |
S |
Maximum sales charge (load)
imposed on purchases, as % of
offering price |
|
|
|
|
|
Maximum deferred sales charge
(load), as % of redemption
proceeds1 |
|
|
|
|
|
Account Maintenance Fee (annually,
for fund account balances below
$10,000 and subject to certain
exceptions) |
$ |
$ |
|
|
$ |
|
A |
C |
R6 |
INST |
S |
Management fee |
|
|
|
|
|
Distribution/service (12b-1) fees |
|
|
|
|
|
Other expenses |
|
|
|
|
|
Total annual fund operating
expenses |
|
|
|
|
|
Years |
A |
C |
R6 |
INST |
S |
1 |
$ |
$ |
$ |
$ |
$ |
3 |
|
|
|
|
|
5 |
|
|
|
|
|
10 |
|
|
|
|
|
Prospectus December 1, 2022 | 7 | DWS CROCI® International Fund |
Years |
A |
C |
R6 |
INST |
S |
1 |
$ |
$ |
$ |
$ |
$ |
3 |
|
|
|
|
|
5 |
|
|
|
|
|
10 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class
Inception |
1
Year |
5
Years |
10
Years |
Class A before tax |
|
|
|
|
After tax on distribu-
tions |
|
|
|
|
After tax on distribu-
tions and sale of fund
shares |
|
|
|
|
Class C before tax |
|
|
|
|
INST Class before tax |
|
|
|
|
Class S before tax |
|
|
|
|
MSCI EAFE Value Index
(reflects no deduction for
fees, expenses or taxes) |
|
|
|
|
|
Class
Inception |
1
Year |
5
Years |
Since
Inception |
Class R6 before tax |
|
|
|
|
MSCI EAFE Value Index
(reflects no deduction for
fees, expenses or taxes) |
|
|
|
|
|
Non-IRA |
IRAs |
UGMAs/
UTMAs |
Automatic
Investment
Plans |
A C |
1,000 |
500 |
1,000 |
500 |
R6 |
None |
N/A |
N/A |
N/A |
INST |
1,000,000 |
N/A |
N/A |
N/A |
S |
2,500 |
1,000 |
1,000 |
1,000 |
Mail |
All Requests |
DWS
PO Box 219151
Kansas City, MO 64121-9151 |
Expedited Mail |
DWS
210 West 7th Street
Suite 219151
Kansas City, MO 64105-1407 | |
Web Site |
dws.com | |
Telephone |
(800) 728-3337, M – F 8 a.m. – 7 p.m. ET | |
Hearing Impaired |
For hearing impaired assistance, please
call us using a relay service |
Prospectus December 1, 2022 | 13 | Fund Details |
Fund Name |
Fee Paid |
DWS International Growth
Fund |
0.620% |
DWS CROCI® International
Fund |
0.565% |
Prospectus December 1, 2022 | 26 | Investing in the Funds |
Classes and features |
Points to help you compare |
Class A |
|
◾Sales charge of up to 5.75%
charged when you buy shares
◾In most cases, no charge when
you sell shares
◾Up to 0.25% annual share-
holder servicing fee |
◾Some investors may be able to
reduce or eliminate their sales
charge; see “Class A Shares”
and Appendix B
◾Total annual expenses are
lower than those for Class C
◾Distributions are generally
higher than Class C |
Class C |
|
◾No sales charge when you buy
shares
◾Deferred sales charge of
1.00%, charged when you sell
shares you bought within the
last year
◾0.75% annual distribution fee
and up to 0.25% annual share-
holder servicing fee |
◾Unlike Class A, Class C does
not have a sales charge when
buying shares, but has higher
annual expenses and a one
year deferred sales charge
◾Distributions are generally
lower than Class A
◾Maximum investment applies
◾Class C automatically converts
to Class A after 8 years,
provided that records held by
the fund or your financial inter-
mediary verify Class C shares
have been held for at least
8 years |
Class R |
|
◾No sales charge when you buy
shares and no deferred sales
charge when you sell shares
◾0.25% annual distribution fee
and up to 0.25% annual share-
holder servicing fee |
◾Only available to participants in
certain retirement plans
◾Distributions are generally
higher than Class C but lower
than Class A, Class S or Institu-
tional Class |
Class R6 |
|
◾No sales charge when you buy
shares and no deferred sales
charge when you sell shares |
◾Only available to participants in
certain qualifying plans and
programs |
Institutional Class |
|
◾No sales charge when you buy
shares and no deferred sales
charge when you sell shares |
◾Only available to certain institu-
tional investors; typically
$1,000,000 minimum initial
investment
◾Distributions are generally
higher than Class A, Class C
and Class R, and may be higher
than Class S, depending on
relative expenses |
Class S |
|
◾No sales charge when you buy
shares and no deferred sales
charge when you sell shares |
◾Total annual expenses are
lower than those for Class A,
Class C and Class R
◾Distributions are generally
higher than Class A, Class C
and Class R, and may be higher
than Institutional Class,
depending on relative expenses |
Your investment |
Front-end sales
charge as a %
of offering price1,2
|
Front-end sales
charge as a % of your
net investment2
|
Under $50,000 |
5.75% |
6.10% |
$50,000–$99,999 |
4.50 |
4.71 |
$100,000–$249,999 |
3.50 |
3.63 |
$250,000 or more |
see below3 |
see below3 |
Your investment |
Front-end sales
charge as %
of offering price1,2
|
Front-end sales
charge as % of your
net investment2
|
Under $50,000 |
5.75% |
6.10% |
$50,000–$99,999 |
4.50 |
4.71 |
$100,000–$249,999 |
3.50 |
3.63 |
$250,000–$499,999 |
2.60 |
2.67 |
$500,000–$999,999 |
2.00 |
2.04 |
$1 million or more |
see below3 |
see below3 |
Year after you bought shares |
CDSC on shares you sell |
First year |
1.00% |
Second year and later |
None |
Type |
Address |
Expedited mail |
|
All Requests |
DWS
210 West 7th Street
Suite 219151
Kansas City, MO 64105-1407 |
Regular mail |
|
All Requests |
DWS
P.O. Box 219151
Kansas City, MO 64121-9151 |
|
Non-IRA |
IRAs |
UGMAs/
UTMAs |
Automatic
Investment
Plans |
A C |
1,000 |
500 |
1,000 |
500 |
INST |
1,000,000 |
N/A |
N/A |
N/A |
S |
2,500 |
1,000 |
1,000 |
1,000 |
Bank name |
State Street Bank Boston |
Routing Number |
011000028 |
Attention |
DWS |
DDA Number |
9903-5552 |
FBO |
(Account name) (Account number) |
Credit |
(Fund name, Fund number and, if
applicable, class name) |
Class |
Exchanging into Another Fund ($) |
A C |
1,000 minimum into new non-IRA accounts per
fund
500 minimum into new IRA accounts per fund
50 minimum into all existing accounts per fund |
INST |
1,000,000 minimum into new accounts per fund |
S |
2,500 minimum into new non-IRA accounts per
fund
1,000 minimum into new IRA and UTMA/UGMA
accounts per fund
50 minimum into all existing accounts per fund |
Class |
Selling Shares ($) |
A C |
Check redemption:
Up to 100,000. More than 100,000 see
“Signature Guarantee”
Automated Clearing House (ACH) to your bank:
Minimum 50, maximum 250,000
Wire redemption to your bank: Minimum 1,000 |
INST |
Same as Classes A and C |
S |
Same as Classes A and C |
( |
Total
Assets |
− |
Total
Liabilities |
) |
÷ |
Total Number of
Shares Outstanding |
= |
NAV |
Generally taxed at net capital
gain rates: |
Generally taxed at ordinary
income rates: |
Fund distributions |
|
◾gains from the sale of securi-
ties held (or treated as held)
by a fund for more than one
year
◾qualified dividend income |
◾gains from the sale of securi-
ties held (or treated as held)
by a fund for one year or less
◾all other taxable income |
Transactions involving fund
shares |
|
◾gains from selling fund
shares held for more than
one year |
◾gains from selling fund
shares held for one year or
less |
DWS International Growth Fund — Class A | |||||
|
Years Ended August 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected Per Share Data | |||||
Net asset value, beginning of period |
$50.93 |
$40.84 |
$34.50 |
$34.79 |
$33.55 |
Income (loss) from investment operations: |
|
|
|
|
|
Net investment incomea |
.21 |
.06 |
.26 |
.24 |
.26 |
Net realized and unrealized gain (loss) |
(15.88) |
10.26 |
6.35 |
(.25) |
1.05 |
Total from investment operations |
(15.67) |
10.32 |
6.61 |
(.01) |
1.31 |
Less distributions from: |
|
|
|
|
|
Net investment income |
(.86) |
(.23) |
(.27) |
(.28) |
(.07) |
Net realized gains |
(.76) |
— |
— |
— |
— |
Total distributions |
(1.62) |
(.23) |
(.27) |
(.28) |
(.07) |
Net asset value, end of period |
$33.64 |
$50.93 |
$40.84 |
$34.50 |
$34.79 |
Total Return (%)b |
(31.68) |
25.35 |
19.22c |
.16c |
3.91c |
Ratios to Average Net Assets and Supplemental Data | |||||
Net assets, end of period ($ millions) |
33 |
53 |
47 |
46 |
55 |
Ratio of expenses before expense reductions (%) |
1.20 |
1.19 |
1.22 |
1.24 |
1.26 |
Ratio of expenses after expense reductions (%) |
1.20 |
1.19 |
1.22 |
1.24 |
1.25 |
Ratio of net investment income (%) |
.50 |
.13 |
.72 |
.73 |
.73 |
Portfolio turnover rate (%) |
8 |
15 |
13 |
12 |
73 |
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. |
Prospectus December 1, 2022 | 46 | Financial Highlights |
DWS International Growth Fund — Class C | |||||
|
Years Ended August 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected Per Share Data | |||||
Net asset value, beginning of period |
$47.72 |
$38.38 |
$32.45 |
$32.70 |
$31.71 |
Income (loss) from investment operations: |
|
|
|
|
|
Net investment income (loss)a |
(.12) |
(.31) |
(.00)* |
(.02) |
.01 |
Net realized and unrealized gain (loss) |
(14.91) |
9.65 |
5.93 |
(.16) |
.98 |
Total from investment operations |
(15.03) |
9.34 |
5.93 |
(.18) |
.99 |
Less distributions from: |
|
|
|
|
|
Net investment income |
(.43) |
— |
— |
(.07) |
— |
Net realized gains |
(.76) |
— |
— |
— |
— |
Total distributions |
(1.19) |
— |
— |
(.07) |
— |
Net asset value, end of period |
$31.50 |
$47.72 |
$38.38 |
$32.45 |
$32.70 |
Total Return (%)b |
(32.21)c |
24.34 |
18.27c |
(.51)c |
3.12c |
Ratios to Average Net Assets and Supplemental Data | |||||
Net assets, end of period ($ millions) |
1 |
1 |
2 |
3 |
4 |
Ratio of expenses before expense reductions (%) |
2.07 |
2.00 |
2.01 |
1.97 |
1.99 |
Ratio of expenses after expense reductions (%) |
2.00 |
2.00 |
2.01 |
1.96 |
1.98 |
Ratio of net investment income (loss) (%) |
(.30) |
(.74) |
(.01) |
(.05) |
.02 |
Portfolio turnover rate (%) |
8 |
15 |
13 |
12 |
73 |
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. |
Prospectus December 1, 2022 | 47 | Financial Highlights |
DWS International Growth Fund — Class R | |||||
|
Years Ended August 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected Per Share Data |
|
|
|
|
|
Net asset value, beginning of period |
$50.50 |
$40.51 |
$34.23 |
$34.50 |
$33.30 |
Income (loss) from investment operations: |
|
|
|
|
|
Net investment income (loss)a |
.23 |
(.10) |
.17 |
.15 |
.15 |
Net realized and unrealized gain (loss) |
(15.91) |
10.20 |
6.28 |
(.22) |
1.05 |
Total from investment operations |
(15.68) |
10.10 |
6.45 |
(.07) |
1.20 |
Less distributions from: |
|
|
|
|
|
Net investment income |
(.70) |
(.11) |
(.17) |
(.20) |
— |
Net realized gains |
(.76) |
— |
— |
— |
— |
Total distributions |
(1.46) |
(.11) |
(.17) |
(.20) |
— |
Net asset value, end of period |
$33.36 |
$50.50 |
$40.51 |
$34.23 |
$34.50 |
Total Return (%)b |
(31.89) |
24.96 |
18.89 |
(.07) |
3.60 |
Ratios to Average Net Assets and Supplemental Data | |||||
Net assets, end of period ($ millions) |
1 |
2 |
2 |
3 |
3 |
Ratio of expenses before expense reductions (%) |
1.52 |
1.56 |
1.57 |
1.58 |
1.59 |
Ratio of expenses after expense reductions (%) |
1.50 |
1.51 |
1.50 |
1.49 |
1.53 |
Ratio of net investment income (loss) (%) |
.54 |
(.22) |
.47 |
.46 |
.45 |
Portfolio turnover rate (%) |
8 |
15 |
13 |
12 |
73 |
a |
Based on average shares outstanding during the period. |
b |
Total return would have been lower had certain expenses not been reduced. |
Prospectus December 1, 2022 | 48 | Financial Highlights |
DWS International Growth Fund — Class R6 | |||||
|
Years Ended August 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected Per Share Data |
|
|
|
|
|
Net asset value, beginning of period |
$50.99 |
$40.90 |
$34.56 |
$34.85 |
$33.56 |
Income (loss) from investment operations: |
|
|
|
|
|
Net investment incomea |
.36 |
.23 |
.39 |
.31 |
.44 |
Net realized and unrealized gain (loss) |
(15.87) |
10.27 |
6.37 |
(.20) |
1.01 |
Total from investment operations |
(15.51) |
10.50 |
6.76 |
.11 |
1.45 |
Less distributions from: |
|
|
|
|
|
Net investment income |
(1.03) |
(.41) |
(.42) |
(.40) |
(.16) |
Net realized gains |
(.76) |
— |
— |
— |
— |
Total distributions |
(1.79) |
(.41) |
(.42) |
(.40) |
(.16) |
Net asset value, end of period |
$33.69 |
$50.99 |
$40.90 |
$34.56 |
$34.85 |
Total Return (%)b |
(31.41) |
25.81 |
19.68 |
.59 |
4.33 |
Ratios to Average Net Assets and Supplemental Data | |||||
Net assets, end of period ($ thousands) |
13 |
19 |
15 |
12 |
63 |
Ratio of expenses before expense reductions (%) |
.96 |
.95 |
.97 |
.98 |
.89 |
Ratio of expenses after expense reductions (%) |
.83 |
.83 |
.83 |
.83 |
.84 |
Ratio of net investment income (%) |
.86 |
.50 |
1.08 |
.94 |
1.26 |
Portfolio turnover rate (%) |
8 |
15 |
13 |
12 |
73 |
a |
Based on average shares outstanding during the period. |
b |
Total return would have been lower had certain expenses not been reduced. |
Prospectus December 1, 2022 | 49 | Financial Highlights |
DWS International Growth Fund — Institutional Class | |||||
|
Years Ended August 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Selected Per Share Data | |||||
Net asset value, beginning of period |
$50.96 |
$40.87 |
$34.55 |
$34.85 |
$33.58 |
Income (loss) from investment operations: |
|
|
|
|
|
Net investment incomea |
.32 |
.20 |
.33 |
.37 |
.37 |
Net realized and unrealized gain (loss) |
(15.86) |
10.26 |
6.40 |
(.28) |
1.08 |
Total from investment operations |
(15.54) |
10.46 |
6.73 |
.09 |
1.45 |
Less distributions from: |
|