The New Germany Fund, Inc.

#	Name	Ticker	Since	Shares	Value	% Port	Cat
1	DWS	147539670	Mar 2026	16,558,661	$16.6M	8.93%	STIV
2	BILFINGER SE /EUR/	D11648108	Mar 2026	80,546	$9.1M	4.91%	EC
3	HOCHTIEF AG /EUR/	D33134103	Mar 2026	19,353	$8.5M	4.60%	EC
4	KNORR-BREMSE AG /EUR/	D4S43E114	Mar 2026	69,802	$7.8M	4.21%	EC
5	THYSSENKRUPP AG /EUR/	D8398Q119	Mar 2026	900,732	$7.7M	4.15%	EC
6	TALANX AG /EUR/	D82827110	Mar 2026	57,846	$7.0M	3.80%	EC
7	JENOPTIK AG /EUR/	D3S19K104	Mar 2026	204,875	$6.7M	3.59%	EC
8	NORDEX SE /EUR/	D5736K135	Mar 2026	121,375	$6.4M	3.43%	EC
9	DWS	N/A	Mar 2026	6,035,984	$6.0M	3.26%	STIV
10	SARTORIUS AG-VORZUG /EUR/	D6705R119	Mar 2026	23,861	$5.8M	3.14%	EC
11	RENK GROUP AG /EUR/	D6S2UZ108	Mar 2026	97,441	$5.7M	3.07%	EC
12	TAG IMMOBILIEN AG /EUR/	D8283Q174	Mar 2026	346,020	$5.4M	2.89%	EC
13	EVONIK INDUSTRIES AG /EUR/	D2R90Y117	Mar 2026	259,263	$5.0M	2.70%	EC
14	RATIONAL AG /EUR/	D6349P107	Mar 2026	6,234	$4.5M	2.41%	EC
15	HENSOLDT AG /EUR/	D3R14P109	Mar 2026	50,589	$4.4M	2.38%	EC
16	BECHTLE AG /EUR/	D0873U103	Mar 2026	121,785	$4.1M	2.21%	EC
17	DEUTZ AG /EUR/	D39176108	Mar 2026	410,790	$4.0M	2.15%	EC
18	ELMOS SEMICONDUCTOR SE /EUR/	D2462G107	Mar 2026	23,825	$3.9M	2.13%	EC
19	TUI AG /EUR/	D8484K455	Mar 2026	517,956	$3.9M	2.13%	EC
20	UNITED INTERNET AG-REG S /EUR/	D8542B125	Mar 2026	122,504	$3.9M	2.09%	EC
21	AIXTRON SE /EUR/ /PERPETUAL/	D0257Y135	Mar 2026	96,380	$3.6M	1.96%	EC
22	DEUTSCHE LUFTHANSA-REG /EUR/	D1908N106	Mar 2026	434,262	$3.6M	1.94%	EC
23	SIEMENS ENERGY AG /EUR/	D6T47E106	Mar 2026	21,254	$3.5M	1.88%	EC
24	VOSSLOH AG /EUR/	D9494V101	Mar 2026	41,963	$3.3M	1.77%	EC
25	KION GROUP AG /EUR/	D4S14D103	Mar 2026	63,495	$3.3M	1.75%	EC
26	NEMETSCHEK SE /EUR/	D56134105	Mar 2026	41,541	$3.0M	1.64%	EC
27	FIELMANN GROUP AG /EUR/	D2617N114	Mar 2026	58,915	$3.0M	1.59%	EC
28	PUMA SE /EUR/	D62318148	Mar 2026	117,916	$2.9M	1.59%	EC
29	K+S AG-REG /EUR/	D48164129	Mar 2026	144,565	$2.7M	1.46%	EC
30	KRONES AG /EUR/	D47441171	Mar 2026	19,718	$2.6M	1.41%	EC
31	CTS EVENTIM AG & CO KGAA /EUR/	D1648T108	Mar 2026	42,614	$2.4M	1.32%	EC
32	TKMS AG& CO KGAA /EUR/	D8T5DP107	Mar 2026	23,606	$2.1M	1.15%	EC
33	TRATON SE /EUR/	D8T4KC101	Mar 2026	56,097	$2.0M	1.07%	EC
34	FRAPORT AG FRANKFURT AIR /EUR/	D3856U108	Mar 2026	22,440	$1.9M	1.03%	EC
35	LEG IMMOBILIEN SE /EUR/	D4960A103	Mar 2026	29,449	$1.9M	1.03%	EC
36	DELIVERY HERO SE /EUR/	D1T0KZ103	Mar 2026	104,420	$1.9M	1.00%	EC
37	AIRBUS SE /EUR/	N0280G100	Mar 2026	9,977	$1.8M	1.00%	EC
38	INFINEON TECHNOLOGIES AG /EUR/	D35415104	Mar 2026	42,020	$1.8M	0.99%	EC
39	AURUBIS AG /EUR/	D10004105	Mar 2026	10,355	$1.8M	0.97%	EC
40	FLATEXDEGIRO SE /EUR/	D3690M106	Mar 2026	50,928	$1.7M	0.93%	EC
41	SMA SOLAR TECHNOLOGY AG /EUR/	D7008K108	Mar 2026	31,880	$1.7M	0.91%	EC
42	WACKER CHEMIE AG /EUR/	D9540Z106	Mar 2026	16,788	$1.6M	0.88%	EC
43	SUSS MICROTEC SE /EUR/	D82791167	Mar 2026	27,618	$1.6M	0.84%	EC
44	RTL GROUP /EUR/	L80326108	Mar 2026	37,084	$1.6M	0.84%	EC
45	SILTRONIC AG /EUR/	D6948S114	Mar 2026	23,886	$1.4M	0.77%	EC
46	BIONTECH SE-ADR	09075V102	Mar 2026	15,202	$1.3M	0.71%	EC
47	JUNGHEINRICH - PRFD /EUR/	D37552102	Mar 2026	43,279	$1.3M	0.70%	EC
48	AUTO1 GROUP SE /EUR/	D0R06D102	Mar 2026	70,760	$1.2M	0.66%	EC
49	IONOS GROUP SE /EUR/	D3R77H101	Mar 2026	39,795	$1.1M	0.61%	EC
50	ECKERT & ZIEGLER SE /EUR/	D2371P107	Mar 2026	62,545	$1.1M	0.57%	EC
51	WACKER NEUSON SE /EUR/	D9553L101	Mar 2026	46,619	$971K	0.52%	EC
52	PATRIZIA SE /EUR/	D5988D110	Mar 2026	119,825	$958K	0.52%	EC
53	STROEER MEDIA AG /EUR/_	D8169G100	Mar 2026	27,245	$956K	0.52%	EC
54	FREENET AG /EUR/	D3689Q134	Mar 2026	30,362	$924K	0.50%	EC
55	HYPOPORT SE /EUR/	D3149E101	Mar 2026	10,862	$887K	0.48%	EC
56	JOST WERKE SE /EUR/	D3S57J100	Mar 2026	14,614	$840K	0.45%	EC
57	ATOSS SOFTWARE AG /EUR/	D0426N101	Mar 2026	7,250	$635K	0.34%	EC

1

DWS

147539670

Mar 2026

16,558,661

$16.6M

8.93%

STIV

2

BILFINGER SE /EUR/

D11648108

Mar 2026

80,546

$9.1M

4.91%

EC

3

HOCHTIEF AG /EUR/

D33134103

Mar 2026

19,353

$8.5M

4.60%

EC

4

KNORR-BREMSE AG /EUR/

D4S43E114

Mar 2026

69,802

$7.8M

4.21%

EC

5

THYSSENKRUPP AG /EUR/

D8398Q119

Mar 2026

900,732

$7.7M

4.15%

EC

6

TALANX AG /EUR/

D82827110

Mar 2026

57,846

$7.0M

3.80%

EC

7

JENOPTIK AG /EUR/

D3S19K104

Mar 2026

204,875

$6.7M

3.59%

EC

8

NORDEX SE /EUR/

D5736K135

Mar 2026

121,375

$6.4M

3.43%

EC

9

DWS

N/A

Mar 2026

6,035,984

$6.0M

3.26%

STIV

10

SARTORIUS AG-VORZUG /EUR/

D6705R119

Mar 2026

23,861

$5.8M

3.14%

EC

11

RENK GROUP AG /EUR/

D6S2UZ108

Mar 2026

97,441

$5.7M

3.07%

EC

12

TAG IMMOBILIEN AG /EUR/

D8283Q174

Mar 2026

346,020

$5.4M

2.89%

EC

13

EVONIK INDUSTRIES AG /EUR/

D2R90Y117

Mar 2026

259,263

$5.0M

2.70%

EC

14

RATIONAL AG /EUR/

D6349P107

Mar 2026

6,234

$4.5M

2.41%

EC

15

HENSOLDT AG /EUR/

D3R14P109

Mar 2026

50,589

$4.4M

2.38%

EC

16

BECHTLE AG /EUR/

D0873U103

Mar 2026

121,785

$4.1M

2.21%

EC

17

DEUTZ AG /EUR/

D39176108

Mar 2026

410,790

$4.0M

2.15%

EC

18

ELMOS SEMICONDUCTOR SE /EUR/

D2462G107

Mar 2026

23,825

$3.9M

2.13%

EC

19

TUI AG /EUR/

D8484K455

Mar 2026

517,956

$3.9M

2.13%

EC

20

UNITED INTERNET AG-REG S /EUR/

D8542B125

Mar 2026

122,504

$3.9M

2.09%

EC

21

AIXTRON SE /EUR/ /PERPETUAL/

D0257Y135

Mar 2026

96,380

$3.6M

1.96%

EC

22

DEUTSCHE LUFTHANSA-REG /EUR/

D1908N106

Mar 2026

434,262

$3.6M

1.94%

EC

23

SIEMENS ENERGY AG /EUR/

D6T47E106

Mar 2026

21,254

$3.5M

1.88%

EC

24

VOSSLOH AG /EUR/

D9494V101

Mar 2026

41,963

$3.3M

1.77%

EC

25

KION GROUP AG /EUR/

D4S14D103

Mar 2026

63,495

$3.3M

1.75%

EC

26

NEMETSCHEK SE /EUR/

D56134105

Mar 2026

41,541

$3.0M

1.64%

EC

27

FIELMANN GROUP AG /EUR/

D2617N114

Mar 2026

58,915

$3.0M

1.59%

EC

28

PUMA SE /EUR/

D62318148

Mar 2026

117,916

$2.9M

1.59%

EC

29

K+S AG-REG /EUR/

D48164129

Mar 2026

144,565

$2.7M

1.46%

EC

30

KRONES AG /EUR/

D47441171

Mar 2026

19,718

$2.6M

1.41%

EC

31

CTS EVENTIM AG & CO KGAA /EUR/

D1648T108

Mar 2026

42,614

$2.4M

1.32%

EC

32

TKMS AG& CO KGAA /EUR/

D8T5DP107

Mar 2026

23,606

$2.1M

1.15%

EC

33

TRATON SE /EUR/

D8T4KC101

Mar 2026

56,097

$2.0M

1.07%

EC

34

FRAPORT AG FRANKFURT AIR /EUR/

D3856U108

Mar 2026

22,440

$1.9M

1.03%

EC

35

LEG IMMOBILIEN SE /EUR/

D4960A103

Mar 2026

29,449

$1.9M

1.03%

EC

36

DELIVERY HERO SE /EUR/

D1T0KZ103

Mar 2026

104,420

$1.9M

1.00%

EC

37

AIRBUS SE /EUR/

N0280G100

Mar 2026

9,977

$1.8M

1.00%

EC

38

INFINEON TECHNOLOGIES AG /EUR/

D35415104

Mar 2026

42,020

$1.8M

0.99%

EC

39

AURUBIS AG /EUR/

D10004105

Mar 2026

10,355

$1.8M

0.97%

EC

40

FLATEXDEGIRO SE /EUR/

D3690M106

Mar 2026

50,928

$1.7M

0.93%

EC

41

SMA SOLAR TECHNOLOGY AG /EUR/

D7008K108

Mar 2026

31,880

$1.7M

0.91%

EC

42

WACKER CHEMIE AG /EUR/

D9540Z106

Mar 2026

16,788

$1.6M

0.88%

EC

43

SUSS MICROTEC SE /EUR/

D82791167

Mar 2026

27,618

$1.6M

0.84%

EC

44

RTL GROUP /EUR/

L80326108

Mar 2026

37,084

$1.6M

0.84%

EC

45

SILTRONIC AG /EUR/

D6948S114

Mar 2026

23,886

$1.4M

0.77%

EC

46

BIONTECH SE-ADR

09075V102

Mar 2026

15,202

$1.3M

0.71%

EC

47

JUNGHEINRICH - PRFD /EUR/

D37552102

Mar 2026

43,279

$1.3M

0.70%

EC

48

AUTO1 GROUP SE /EUR/

D0R06D102

Mar 2026

70,760

$1.2M

0.66%

EC

49

IONOS GROUP SE /EUR/

D3R77H101

Mar 2026

39,795

$1.1M

0.61%

EC

50

ECKERT & ZIEGLER SE /EUR/

D2371P107

Mar 2026

62,545

$1.1M

0.57%

EC

51

WACKER NEUSON SE /EUR/

D9553L101

Mar 2026

46,619

$971K

0.52%

EC

52

PATRIZIA SE /EUR/

D5988D110

Mar 2026

119,825

$958K

0.52%

EC

53

STROEER MEDIA AG /EUR/_

D8169G100

Mar 2026

27,245

$956K

0.52%

EC

54

FREENET AG /EUR/

D3689Q134

Mar 2026

30,362

$924K

0.50%

EC

55

HYPOPORT SE /EUR/

D3149E101

Mar 2026

10,862

$887K

0.48%

EC

56

JOST WERKE SE /EUR/

D3S57J100

Mar 2026

14,614

$840K

0.45%

EC

57

ATOSS SOFTWARE AG /EUR/

D0426N101

Mar 2026

7,250

$635K

0.34%

EC