DWS CROCI ® International Fund
Data updated: 2026-07-24
C000186448 — DWS CROCI ® International Fund. Developed ex-US Mid Cap Value Materials Equity · $582.13M AUM. Holdings, fees, performance and SEC filings.
C000186448 Fund Overview
DWS CROCI ® International Fund is a US mutual fund managed by Deutsche Dws International Fund, Inc., categorised as Developed ex-US Mid Cap Value Materials Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Deutsche Dws International Fund, Inc.
- Category: Developed ex-US Mid Cap Value Materials Equity
- Assets under management: $582.13M
- 1-year return: -20.7%
- SEC CIK: 0000088053
- SEC series ID: S000006030
- Share class ID: C000186448
C000186448 Investment Objective and Strategy
DWS CROCI ® International Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Deutsche Dws International Fund, Inc..
Investment objective
The fund seeks long-term growth of capital.
Principal investment strategy
Main investments. The fund invests at least 65% of its total assets in foreign equities (equities issued by foreign-based companies and listed on foreign exchanges). Although the fund can invest in companies of any size and from any country, it invests mainly in common stocks of established companies in countries with developed economies (other than the United States). Management process. Portfolio management will select approximately 50 stocks of companies that it believes offer economic value utilizing the Cash Return on Capital Invested (CROCI®) strategy as the primary factor, in addition to other factors. Under the CROCI® strategy, economic value is measured using various metrics such as the CROCI® Economic Price Earnings Ratio (CROCI® Economic P/E Ratio). The CROCI® Economic P/E Ratio is a proprietary measure of company valuation using the same relationship between valuation and return as an accounting P/E ratio (i.e., price/book value divided by return on equity).
The CROCI® Economic P/E Ratio and other CROCI® metrics may be adjusted from time to time. The CROCI® strategy may apply other measures of company valuation, as determined by the CROCI® Investment Strategy and Valuation Group. Portfolio management may use criteria other than the CROCI® strategy in selecting investments. At times, the number of stocks held in the fund may be higher or lower than 50 stocks at the discretion of portfolio management or as a result of corporate actions, mergers or other events. Portfolio management will select stocks primarily from a universe consisting of approximately 330 of the largest companies in developed markets outside North America represented in the CROCI® Investment Strategy and Valuation Group's database of companies evaluated using the CROCI® strategy.
The fund is reviewed periodically and adjusted in accordance with the CROCI® strategy's rules, and the regional weighting in the fund is targeted to match the fund's benchmark. The region-neutral approach attempts to reduce the risk of significant regional over or underweights in the fund relative to the broader international equity market. The CROCI® strategy does not form opinions about relative attractiveness of different regions and targets region neutrality in order to seek to reduce currency risks relative to the fund's benchmark, as well keeping the focus of the strategy on stock selection, rather than regional allocation. During the selection process, certain portfolio selection buffers are applied in an attempt to reduce portfolio turnover. Portfolio management will take additional measures to attempt to reduce portfolio turnover, market impact and transaction costs in connection with implementation of the strategy, by applying liquidity and trading controls and managing the portfolio with tax efficiency in mind.
The CROCI® strategy is supplied by the CROCI® Investment Strategy and Valuation Group, a unit within the DWS Group, through a licensing arrangement with the fund's Advisor. CROCI® Investment Process. The CROCI® Investment Process is based on the belief that the data used in traditional valuations (i.e. accounting data) does not accurately appraise assets, reflect all liabilities or represent the real value of a company. This is because the accounting rules are not always designed specifically for investors and often utilize widely differing standards which can make measuring the real asset value of companies difficult. The CROCI® Investment Process seeks to generate data that will enable valuation comparisons on a consistent basis, resulting in what portfolio management believes is an effective and efficient sector and stock selection process targeting investment in real value.
Derivatives. Portfolio management generally may use futures contracts, which are a type of derivative (a contract whose value is based on, for example, indices, currencies or securities) as a substitute for direct investment in a particular asset class or to keep cash on hand to meet shareholder redemptions. In addition, from time to time portfolio management may use forward currency contracts to hedge the fund's exposure to changes in foreign currency exchange rates on its foreign currency denominated portfolio holdings or to facilitate transactions in foreign currency denominated securities. Portfolio management generally may use structured notes to gain exposure to certain foreign markets that may not permit direct investment. The fund may also use other types of derivatives (i) for hedging purposes; (ii) for risk management; (iii) for non-hedging purposes to seek to enhance potential gains; or (iv) as a substitute for direct investment in a particular asset class or to keep cash on hand to meet shareholder redemptions.
Securities lending. The fund may lend securities (up to one-third of total assets) to approved institutions, such as registered broker-dealers, banks and pooled investment vehicles.
C000186448 Holdings
Top 10 holdings of DWS CROCI ® International Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| BHP Group Ltd | 4.16% |
| Dws | 3.76% |
| UniCredit SpA | 3.14% |
| Sanofi SA | 3.02% |
| Dcc PLC | 2.57% |
| BNP Paribas SA | 2.54% |
| Banco Santander SA | 2.52% |
| Ono Pharmaceutical Co Ltd | 2.45% |
| Central Japan Railway Co | 2.42% |
| Credit Agricole SA | 2.40% |
C000186448 Portfolio Allocation
Asset-class allocation of DWS CROCI ® International Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.2% |
| Cash & Equivalents | 4.7% |
C000186448 Performance
Total returns for C000186448 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -20.7% |
| 3 years (annualised) | 1.5% |
C000186448 Risk Information
Risk metrics for C000186448, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 17.1%
C000186448 Costs and Fees
C000186448 costs about $113 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.13%
- Gross expense ratio: 1.13%
- Portfolio turnover: 85%
- Brokerage commissions: 3.52 bps of average net assets (SEC N-CEN)
C000186448 Cashflows
Over the 12 months to 2026-05, DWS CROCI ® International Fund had net outflows of $14.72M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$18.12M |
| 2026-04 | −$1.67M |
| 2026-03 | −$296.89K |
| 2026-02 | $6.05M |
| 2026-01 | −$922.07K |
| 2025-12 | $9.79M |
C000186448 Debt Constituents
No individual debt constituents are reported in DWS CROCI ® International Fund's latest SEC N-PORT filing.
C000186448 Prospectus and SEC Filings
Official DWS CROCI ® International Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-11-25
- Prospectus (485BPOS) — filed 2024-11-25
- Prospectus (485BPOS) — filed 2023-11-28
- Portfolio holdings (N-PORT) — filed 2026-07-24
- Portfolio holdings (N-PORT) — filed 2026-04-27
- Portfolio holdings (N-PORT) — filed 2026-01-21
- Annual census (N-CEN) — filed 2025-11-03
- Annual census (N-CEN) — filed 2024-11-05
Related Funds
Other Developed ex-US Mid Cap Value Materials Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.