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DWS Premier Investments Funds

Semi-Annual Report (Unaudited) for the half-year ended 30 June 2021 DWS China Equity Fund DWS Global Themes Equity Fund DWS India Equity Fund DWS Singapore Equity Fund

MANAGERS DWS INVESTMENTS SINGAPORE LIMITED One Raffles Quay #17-10 South Tower Singapore 048583 TRUSTEE HSBC INSTITUTIONAL TRUST SERVICES (SINGAPORE) LIMITED 10 Marina Boulevard Marina Bay Financial Centre Tower 2 #48-01 Singapore 018983 AUDITORS KPMG LLP 16 Raffles Quay #22-00 Hong Leong Building Singapore 048581 SOLICITORS TO THE MANAGERS TAN PENG CHIN LLC 50 Raffles Place #27-01 Singapore Land Tower Singapore 048623 SOLICITORS TO THE TRUSTEE ALLEN & GLEDHILL LLP One Marina Boulevard #28-00 Singapore 018989

This report is prepared by DWS Investments Singapore Limited for information purposes only. It does not constitute an offer or solicitation to buy or sell units of this fund. Please see the Prospectus for further details. All application for units in the unit trust must be made on the application forms accompanying the Prospectus. Investors should read the Prospectus for details. The value of units and the income from them may fall as well as rise. Any forecasts made are not necessarily indicative of future or likely performance of the funds and past performance is not necessarily a guide to future performance.

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CONTENTS Page No. Managers’ Market Review and Strategy

DWS China Equity Fund 3 DWS Global Themes Equity Fund 4 DWS India Equity Fund 6 DWS Singapore Equity Fund 7

Financial Statements (Unaudited)

Statement of Total Return (Unaudited) 9 Statement of Financial Position (Unaudited) 11 Statement of Movements of Unitholders’ Funds (Unaudited) 12 Statement of Portfolio (Unaudited)


Disclosures According to Code of Collective Investment Scheme Guidelines


Supplementary Notes 46

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Manager’s Market Review and Strategy

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DWS PREMIER INVESTMENTS FUNDS - DWS CHINA EQUITY FUND (Constituted under a Trust Deed in the Republic of Singapore) MANAGER’S MARKET REVIEW AND STRATEGY For the half-year ended 30 June 2021 Investment and Market Review For the period under review, the MSCI China 10/40 (as measured in USD) gained 2.2%, underperformed the regional countries performance. China have experienced economic recovery from the reopening from the pandemic situation in the first quarter; but we saw rebound of cases in the Guangdong Province in June. In addition, the rebound of material cost (e.g. Steel and Copper prices), have spurred concerns on the rising of cost of the manufacturing sectors, and negative outlook of their margins. In addition, the market sentiment have been negatively affected by the anti-trust investigations launched by Chinese regulators in the internet space. The Fund underperformed the benchmark for the period under review. Our stock selections in the Consumer Discretionary, Healthcare and Utilities Sectors were the key reasons for the underperformance to the Fund during the period. On the other hand, our stock selections in the Information Technology, Industrials, and Consumer Staples have created positive impact to our performance during the period. Market Outlook and Investment Strategy In the second half of 2021, on the macro side, we believe China will continue to recover from reopening from the pandemic situation, and the increase in the nation’s vaccination rate. On the equity investment side, we believe market will be more focusing on the different types of measures and structural reforms released by the Central Government. The Fund continues to favour secular growth themes in certain consumption sub-sectors such as electric vehicles (EVs), sportswear, and catering. We also favour consumer staples sector given its earnings defensiveness, especially the leading national champion brands that can continue to gain market share. We believe these national champion brand owners are more likely to pass through cost pressure to customers. We are also positive in themes which is encouraged by the Chinese government, including solar, industrial automation, and semiconductors. This information is intended for informational purposes only and does not constitute investment advice, a recommendation, an offer or solicitation and was prepared without regard to the specific investment objectives, financial situation or particular needs of any particular person. All opinions expressed are made as at the date of this publication but are subject to change without notice. Past performance is not indicative of future returns. Forecasts and forward looking statements are based on assumptions, estimates, opinions and hypothetical models or analysis which may prove to be incorrect. This document may not be reproduced in any form or disseminated to any third party without our express written consent.

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DWS PREMIER INVESTMENTS FUNDS - DWS GLOBAL THEMES EQUITY FUND (Constituted under a Trust Deed in the Republic of Singapore) MANAGER’S MARKET REVIEW AND STRATEGY For the half-year ended 30 June 2021 Investment policy and objective DWS Global Themes Equity Fund strives for a sustainable accumulation of value. In order to achieve this target, the fund predominantly invests in stocks of domestic and foreign companies, which capitalize on long-term structural trends like demographic change, scarcity of resources, climate change, urbanization, digitalization, industrial revolution and changing living standards. The portfolio is comprised of companies, which allow for a favorable development of business and strength of returns over the long-term. Thereby, the fund management’s long-term investment horizon provides for a strong continuity of each portfolio position. Particularly, the sustainability of the business model, the quality of the responsible corporate management teams, soundness of balance sheets and a reasonable valuation play more of an important role than any short-term stock price reactions. Market review The first half of 2021 global equity markets was mostly driven by the Covid-19 pandemic and the inflation debate. Regarding the COVID-19 pandemic the sectors which were hit most by the lockdowns in 2020/21 recovered most such as Energy and Leisure including airlines and travel related stocks. This was on the back of increased confidence that the pandemic is coming to an end due to real world efficacy of the COVID-19 vaccines against as well as the fact that vaccine capacity is large enough for vaccinating the whole world until YE22. Additional confidence was given by the fact that vaccines are working well against current variants. The other major debate which started in the 2nd half of February was the inflation debate where fears of increased inflation leading to an increase in central bank policy rates in the US let the 10y Treasury yield rise significantly. This lead to a massive sell off of high multiple growth stocks such as biotech and renewable energy related stocks while on the same time triggering a value rallye with especially financials stock strongly outperforming. This effect slightly faded in June with a partial reversal of this move. In the first half of 2021, the U.S. equity market, measured by the S&P 500 Index, increased by 16% (in USD), European stocks increased by 15% (MSCI Europe in EUR), the Japanese equity market increased by 9% (Topix Index in JPY). The MSCI Emerging Markets increased by 8% (in USD). From a sector perspective, energy had by far a standout performance. Financials and Real Estate followed. In contrast, utilities and staples were the weakest sectors. All in, the DWS Global Themes Equity Fund gained 7.1%, while the benchmark MSCI World Net Total Return Index gained 15.0% (both SGD). In the current reporting period, the relative performance difference came 5.6% from security selection and 2.3% from sector allocation. From a regional perspective, the US continues to dominate the portfolio but changed from overweight to underweight versus the MSCI World Index and therefore Europe is now overweight. The regional allocation is a result of single stock picks and not an active decision based on a regional view. On a sector level, the underweights of financials and the overweight of healthcare were the main negative contributors. The underweights in Utilities and Consumer Staples were the only positive contributers. The long-term investment horizon of the fund management ensures a strong continuity among the single stock positions as well as the relative weights of the different sectors and regions. The sustainability of the business model, the quality of the management, sound balance sheets and the valuation levels have a more important role than short-term share price fluctuations. Based upon these characteristics the fund generally puts a large emphasis on technology companies with large innovation capabilities, consumer stocks with strong brands and innovative health care companies. In contrast, companies from the raw materials and energy space are considered only selectively due to an often poor discipline with regard to capacity expansion projects as well as the direct dependency on raw material prices which could be negative for shareholder return. The same holds for the utility sector, where regulatory interventions such as the energy transition (to renewables), translated into uncertainties around the sustainability of their business models. Another strong overweight are Asian technology companies, which oftentimes are at the forefront of technological developments. Health care companies, especially biotechnology, remain a focal element of the portfolio.

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DWS PREMIER INVESTMENTS FUNDS - DWS GLOBAL THEMES EQUITY FUND (Constituted under a Trust Deed in the Republic of Singapore) MANAGER’S MARKET REVIEW AND STRATEGY For the half-year ended 30 June 2021 Market review (continued) When it comes down to trend allocation, the fund is focused on consumer transformation, health revolution, fintech disruption, IT innovation, climate transition as well as short term and emerging trends. This information is intended for informational purposes only and does not constitute investment advice, a recommendation, an offer or solicitation and was prepared without regard to the specific investment objectives, financial situation or particular needs of any particular person. All opinions expressed are made as at the date of this publication but are subject to change without notice. Past performance is not indicative of future returns. Forecasts and forward looking statements are based on assumptions, estimates, opinions and hypothetical models or analysis which may prove to be incorrect. This document may not be reproduced in any form or disseminated to any third party without our express written consent.

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DWS PREMIER INVESTMENTS FUNDS - DWS INDIA EQUITY FUND (Constituted under a Trust Deed in the Republic of Singapore) MANAGER’S MARKET REVIEW AND STRATEGY For the half-year ended 30 June 2021 Investment and Market Review The positive undertone continued for Indian markets in sync with its global peers. Indian market had a strong and positive start to the first six months of the calendar year. COVID situation seems to be improving with daily new cases below 50,000 while vaccination drive also gathers pace. Amongst sectors, I.T., Infrastructure, Energy and Metals were the key outperformers while Consumption, Pharmaceuticals and Realty lagged. Banking underperformed marginally. In the first half of CY 2021, Foreign Institutional Investors were net buyers of USD8bn. On the macro front, Jan-March 2021 quarter GDP growth improved to (+1.6%) and came ahead of expectations, however COVID related local levels lockdowns from April 2021 may dampen the elevated forecast for FY22 GDP. Government’s fiscal deficit in FY21 came at 9.3% of GDP, tad lower than the 9.5% however, FY22 budgeted target of 6.8% of GDP may need a revision given the current environment. May Consumer Price Index has been increasing and was well above RBI comfort levels by May 2021 at to 6.3%. RBI Monetary Policy Committee maintained status quo on rates while FY22 growth forecast was cut to +9.5% and inflation revised up by ~25bps to 5.1%. Corporate earnings growth is showing steady improvement quarter on quarter, on low base of last year, revival in demand and cost rationalization efforts aiding operating margin expansion. The Union Budget presented during the beginning of the first half was overall a positive one with emphasis on asset creation and infrastructure and had no major negative announcements with regards to personal or corporate tax and additional duties (such as COVID cess etc) which was much feared by the market participants. Government announced Emergency Credit Line Guarantee Scheme (ECLGS) and restructuring aimed at the Micro Small and Medium Enterprises sector and gradually increased limit of the relief package to Rs 4.5 trillion. This was a much-needed step in the right direction to support MSME businesses and cushion asset quality pressures for the Banking system. During Feb-March there was a serious push by the government to increase domestic manufacturing and reduce import dependence in many areas. Government announced Production Linked Incentive schemes across various sectors to kick-start local manufacturing and create traction in private capex cycle. Investment Policy in the reporting Period The fund underperformed the benchmark in the first half of 2021, mainly driven by stock selections, particularly in consumer discretionary, materials, and energy sectors. We preferred large private banks and Non-Banking Financial Company with good asset quality, which contributed positively in the first half. An underweight in communication services was also positive. At the stock level, overweighting State Bank of India, Finolex Industries and Ramco Cements were the main contributors, while the underweight positions in TATA steel, Axis Banks and overweighting Kotak Mahindra Bank detracted the performance. Outlook All eyes seem to be on normalcy returning to economy as infections are on the way down, while the possibility of a third wave cannot be totally ruled out. Vaccination is the most important tool and variable against the virus, which had been sluggish till May 2021 but is picking up and with the government targeting to inoculate majority of the population by December 2021, there seems to be light at the end of the tunnel. The key monitorable for Indian equity markets in the near to medium term are the number of COVID daily cases, efficacy of the vaccination program, global crude prices and inflation. Some trends such as digitalisation, cost rationalization, manufacturing push are here to stay and sets the stage for a longer-term growth story. While commodity price increase is a bit of a worry in general, however, their cyclical nature tends to even out the impact over the long term. At current valuations we remain constructive albeit selective on the markets and continue to resort to quality business models, with strong balance sheets, positive operating cash flows, good corporate governance standards and pricing power. This information is intended for informational purposes only and does not constitute investment advice, a recommendation, an offer or solicitation and was prepared without regard to the specific investment objectives, financial situation or particular needs of any particular person. All opinions expressed are made as at the date of this publication but are subject to change without notice. Past performance is not indicative of future returns. Forecasts and forward looking statements are based on assumptions, estimates, opinions and hypothetical models or analysis which may prove to be incorrect. This document may not be reproduced in any form or disseminated to any third party without our express written consent.

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DWS PREMIER INVESTMENTS FUNDS - DWS SINGAPORE EQUITY FUND (Constituted under a Trust Deed in the Republic of Singapore) MANAGER’S MARKET REVIEW AND STRATEGY For the half-year ended 30 June 2021 Investment and Market Review Asian stocks rose during the reporting period. While COVID-19 cases continued to rise with more infectious variants reported, equity markets were supported by the start of vaccination programs, government relief measures and high level of liquidity injected by central banks around the world. Volatilities started to increase as the US contemplated tapering and reduced corporate bond purchase. Singapore outperformed, driven by financials, despite delayed resumption of international travel. 1The Fund underperformed the 2benchmark for the period under review. Underweight allocation in real estate and information technology, as well as overweight allocation in financials were the top contributors. Overweighting consumer discretionary and consumer staples detracted the performance. At the stock level, Venture Corporation, OCBC and DBS had the best contributions, while Genting Singapore, Thai Beverage and Frasers Centrepoint Trust contributed negatively. ________________________________ 1 DWS Singapore Equity Fund 2 MSCI Singapore Net Return SGD Index This information is intended for informational purposes only and does not constitute investment advice, a recommendation, an offer or solicitation and was prepared without regard to the specific investment objectives, financial situation or particular needs of any particular person. All opinions expressed are made as at the date of this publication but are subject to change without notice. Past performance is not indicative of future returns. Forecasts and forward looking statements are based on assumptions, estimates, opinions and hypothetical models or analysis which may prove to be incorrect. This document may not be reproduced in any form or disseminated to any third party without our express written consent.

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Financial Statements (Unaudited)

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DWS PREMIER INVESTMENTS FUNDS (Constituted under a Trust Deed in the Republic of Singapore) STATEMENT OF TOTAL RETURN (Unaudited) For the financial period ended 30 June 2021

DWS China

Equity Fund DWS Global Themes

Equity Fund Period ended Period ended Period ended Period ended 30 June 2021 30 June 2020 30 June 2021 30 June 2020 S$ S$ S$ S$ Income Dividends 567,734 848,941 79,727 49,939 Interest income 882 1,518 - 3 Other income 84 6,370 - 1 568,700 856,829 79,727 49,943 Less: Expenses Accounting fees 5,119 7,233 6,827 2,008 Management fees 818,611 665,743 86,819 65,712 Registration fees 8,611 7,604 5,321 4,886 Trustees’ fees 19,101 15,534 2,338 1,769 Custody fees 11,812 9,611 1,383 981 Valuation fees 19,101 15,534 2,338 1,769 Transaction costs 107,142 91,229 31,133 22,675 Audit fees 9,669 9,722 5,604 5,635 Others 14,643 57,024 1,987 6,367 1,013,809 879,234 143,750 111,802 Net loss (445,109) (22,405) (64,023) (61,859)

Net gains on value of investments and financial derivatives Net gains on investments 2,995,175 7,132,058 870,940 769,025 Net gains/(losses) on foreign exchange contracts 5,852 (4,180) (10,806) (5,368) Net foreign exchange gains 9,318 245,545 20,055 4,679 3,010,345 7,373,423 880,189 768,336 Total return for the period before income tax 2,565,236 7,351,018 816,166 706,477

Less: Taxation (26,312) (44,554) (17,745) (13,239) Total return for the period after income tax 2,538,924 7,306,464 798,421 693,238

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DWS PREMIER INVESTMENTS FUNDS (Constituted under a Trust Deed in the Republic of Singapore) STATEMENT OF TOTAL RETURN (Unaudited) For the financial period ended 30 June 2021

DWS India

Equity Fund DWS Singapore

Equity Fund Period ended Period ended Period ended Period ended 30 June 2021 30 June 2020 30 June 2021 30 June 2020 S$ S$ S$ S$

Income Dividends 643,338 334,671 104,517 169,499 Interest income 9 1,747 - - 643,347 336,418 104,517 169,499 Less: Expenses Accounting fees 13,015 34,022 3,901 1,891 Management fees 319,198 265,603 56,280 63,051 Registration fees 5,301 5,201 5,480 5,397 Trustees’ fees 23,045 19,441 1,313 1,471 Custody fees 35,054 29,130 770 843 Valuation fees 23,045 19,441 1,313 1,471 Transaction costs 36,240 61,506 4,443 2,715 Audit fees 11,126 11,224 9,421 9,473 Others (929) 26,843 3,260 8,018 465,095 472,411 86,181 94,330 Net income/(loss) 178,252 (135,993) 18,336 75,169

Net gains/(losses) on value of investments and financial derivatives Net gains/(losses) on investments 15,932,053 (15,466,830) 754,124 (1,744,011) Net losses on foreign exchange contracts (82,833) (40,022) (55) (252) Net foreign exchange gains/(losses) 11,070 3,115 (262) 821 15,860,290 (15,503,737) 753,807 (1,743,442) Total return/(deficit) for period before income tax 16,038,542 (15,639,730) 772,143 (1,668,273) Less: Taxation (654,479) (30,240) (1,557) (2,608) Total return/(deficit) for the period after income tax 15,384,063 (15,669,970) 770,586 (1,670,881)

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DWS PREMIER INVESTMENTS FUNDS (Constituted under a Trust Deed in the Republic of Singapore) STATEMENT OF FINANCIAL POSITION (Unaudited) As at 30 June 2021

DWS China


Equity Fund

30 June

2021 31 December

2020 30 June

2021 31 December

2020 S$ S$ S$ S$

Assets Portfolio of investments 108,122,946 102,870,205 12,332,083 13,140,858 Receivables 448,854 209,856 11,776 46,734 Sales awaiting settlement 934,509 - - - Cash and bank balances 1,748,659 3,418,166 320,487 102,680 Total assets 111,254,968 106,498,227 12,664,346 13,290,272 Liabilities Payables 491,778 336,034 211,807 40,073 Purchases awaiting settlement 1,401,541 - 64,158 - Financial derivatives at fair value - - 45 - Total liabilities 1,893,319 336,034 276,010 40,073 Equity Net assets attributable to unitholders 109,361,649 106,162,193 12,388,336 13,250,199

DWS India


Equity Fund

30 June

2021 31 December

2020 30 June

2021 31 December

2020 S$ S$ S$ S$

Assets Portfolio of investments 130,779,808 131,119,650 6,546,986 7,956,800 Sales awaiting settlement - - - 26,953 Receivables 122,622 21,000 15,903 20,009 Cash and bank balances 2,287,120 2,689,855 88,098 162,562 Total assets 133,189,550 133,830,505 6,650,987 8,166,324 Liabilities Payables 76,461 117,263 51,117 104,273 Financial derivatives at fair value - 51 - - Total liabilities 76,461 117,314 51,117 104,273 Equity Net assets attributable to unitholders 133,113,089 133,713,191 6,599,870 8,062,051

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DWS PREMIER INVESTMENTS FUNDS (Constituted under a Trust Deed in the Republic of Singapore) STATEMENT OF MOVEMENTS OF UNITHOLDERS’ FUNDS (Unaudited) For the financial period ended 30 June 2021

DWS China


Equity Fund

30 June

2021 31 December

2020 30 June

2021 31 December

2020 S$ S$ S$ S$

Net assets attributable to unitholders at the

beginning of financial period/year 106,162,193 93,730,480 13,250,199 10,401,622 Operations Changes in net assets attributable to unitholders

resulting from operations 2,538,924 26,826,933 798,421 3,779,039 Unitholders’ contributions/(withdrawals) Creation of units 8,418,797 6,158,095 955,629 916,812 Cancellation of units (7,758,265) (20,553,315) (2,615,913) (1,847,274) Change in net assets attributable to unitholders

resulting from net creation and cancellation of units 660,532 (14,395,220) (1,660,284) (930,462) Total increase/(decrease) in net assets attributable

to unitholders 3,199,456 12,431,713 (861,863) 2,848,577 Net assets attributable to unitholders at the end

of financial period/year 109,361,649 106,162,193 12,388,336 13,250,199

DWS India


Equity Fund

30 June

2021 31 December

2020 30 June

2021 31 December

2020 S$ S$ S$ S$

Net assets attributable to unitholders at the

beginning of financial period/year 133,713,191 132,249,867 8,062,051 9,925,147 Operations Changes in net assets attributable to unitholders

resulting from operations 15,384,063 19,810,698 770,586 (966,704) Unitholders’ contributions/(withdrawals) Creation of units 1,253,267 1,306,083 176,406 582,172 Cancellation of units (17,237,432) (19,653,457) (2,409,173) (1,478,564) Change in net assets attributable to unitholders

resulting from net creation and cancellation of units (15,984,165) (18,347,374) (2,232,767) (896,392) Total increase/(decrease) in net assets attributable

to unitholders (600,102) 1,463,324 (1,462,181) (1,863,096) Net assets attributable to unitholders at the end

of financial period/year 133,113,089 133,713,191 6,599,870 8,062,051

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DWS PREMIER INVESTMENTS FUNDS - DWS CHINA EQUITY FUND (Constituted under a Trust Deed in the Republic of Singapore) STATEMENT OF PORTFOLIO (Unaudited) As at 30 June 2021

Holdings Fair Value

Percentage of Net Assets

Attributable to Unitholders

30 June 2021 30 June 2021 30 June 2021 Primary S$ % By Geography* Quoted Equities Bermuda China Gas Holdings Limited 246,000 1,009,156 0.92 Cayman Islands Alibaba Group Holding Limited 66,281 10,041,481 9.18 Tencent Holdings Limited 94,910 9,594,000 8.77 Meituan Company 96,800 5,365,023 4.90 JD.com Incorporation 37,269 3,998,241 3.66 Netease Incorporation 20,775 3,218,443 2.94 NIO Incorporation 44,519 3,181,823 2.91 Baidu Incoporation 10,905 2,986,523 2.73 Wuxi Biologics Cayman Incorporation 103,500 2,547,504 2.33 China Mengniu Dairy Company Limited 274,000 2,219,582 2.03 Li Ning Company Limited 123,500 2,024,379 1.85 Country Garden Services Holdings Company Limited 134,000 1,945,995 1.78 ANTA Sports Products Limited 60,000 1,898,464 1.74 Sunny Optical Technology Group Company Limited 40,000 1,697,678 1.55 Innovent Biologics Incorporation 106,500 1,669,217 1.53 China Resources Land Limited 283,333 1,542,385 1.41 Trip.com Group Limited 25,023 1,192,393 1.09 Tongcheng-Elong Holdings Limited 273,200 918,343 0.84 Nexteer Automotive Group Limited 410,000 763,609 0.70 China State Construction International Holdings Limited 822,000 751,243 0.69 KWG Living Group Holdings Limited 428,000 735,644 0.67 JS Global Lifestyle Company Limited 191,000 720,717 0.66 New Oriental Education & Technology Group 65,257 718,414 0.66 Sunac Services Holdings Limited 142,000 707,874 0.65 KWG Group Holding Limited 363,000 650,940 0.59 21Vianet Group Incorporation 20,410 629,636 0.57 Haidilao International Holding Limited 86,000 608,831 0.56 Geely Automobile Holdings Limited 131,000 554,402 0.51 Sany Heavy Equipment International Holdings Company Limited 337,000 458,487 0.42 3SBio Incoporation 256,000 424,059 0.39 AK Medical Holdings Limited 176,000 416,748 0.38 Melco Resorts & Entertainment Limited 18,426 410,162 0.37 Futu Holdings Limited 1,413 339,643 0.31 DiDi Global Incorporation 2,319 44,140 0.04 64,976,023 59.41 China China Construction Bank H Shares 3,219,000 3,404,372 3.11 Ping An Insurance (Group) Company of China Limited H Shares 204,000 2,685,371 2.46 BYD Company Limited 58,000 2,331,122 2.13

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Holdings Fair Value



30 June 2021 30 June 2021 30 June 2021 Primary S$ % By Geography* Quoted Equities China (continued) China Merchants Bank Company Limited 175,500 2,010,990 1.84 Pharmaron Beijing Company Limited 52,100 1,866,736 1.71 Postal Savings Bank of China Company Limited H Shares 1,938,000 1,751,052 1.60 LONGi Green Energy Technology Company Limited 93,240 1,723,202 1.58 China Tourism Group Duty Free Corporation Limited 24,829 1,550,190 1.42 Kweichow Moutai Company Limited 3,500 1,497,660 1.37 Contemporary Amperex Technology Company Limited 13,100 1,457,595 1.33 Jiangsu Hengrui Medicine Company Limited 91,374 1,292,154 1.18 Estun Automation Company Limited 150,219 1,220,138 1.12 Luxshare Precision Industry Company Limited 114,427 1,094,879 1.00 Shenzhen Mindray Bio-Medical Electronics Company Limited 10,500 1,048,697 0.96 Wuliangye Yibin Company Limited 15,200 942,050 0.86 Will Semiconductor Company Limited 13,600 911,078 0.83 Inner Mongolia BaoTou Steel Union Company Limited 208,700 898,374 0.82 Industrial Bank Company Limited 206,700 883,314 0.81 China Petroleum & Chemical Corporation 1,158,000 787,727 0.72 Remegen Company Limited 31,500 645,016 0.59 Tsingtao Brewery Company Limited 44,000 636,318 0.58 Zoomlion Heavy Industry Science And Technology Company Limited 327,400 628,716 0.57 Huatai Securities Company Limited H Shares 314,400 619,298 0.57 Angang Steel Company Limited H Shares 560,000 476,901 0.44 Industrial and Commercial Bank of China H Shares 204 161 *

32,363,111 29.60 Hong Kong CNOOC Limited 895,000 1,367,913 1.25 Galaxy Entertainment Group Limited 115,000 1,237,126 1.13 Hua Hong Semiconductor Limited 129,000 957,904 0.88 Hong Kong Exchanges and Clearing Limited 10,900 873,162 0.80 AIA Group Limited 50,000 835,165 0.76 Techtronic Industries Company Limited 35,500 833,226 0.76 MMG Limited 1,092,000 644,543 0.59 Shimao Group Holdings Limited 193,000 636,061 0.58 China Resources Beer Holdings Company Limited 46,000 554,169 0.51 7,939,269 7.26 United States Of America Yum China Holdings Incorporation 20,610 1,835,387 1.68 Portfolio of investments 108,122,946 98.87 Other net assets 1,238,703 1.13 Net assets attributable to unitholders 109,361,649 100.00

* denotes less than 0.01%

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30 June

2021 31 December

2020 Primary % % By Geography* (Summary) Quoted Bermuda 0.92 - Cayman Islands 59.41 57.37 China 29.60 30.26 Hong Kong 7.26 7.92 United States of America 1.68 1.35 Portfolio of investments 98.87 96.90 Other net assets 1.13 3.10 Net assets attributable to unitholders 100.00 100.00 * Geographical classification is based on the country in which the investee companies are incorporated.

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Fair Value Percentage of Net Assets


30 June

2021 30 June

2021 31 December

2020 Secondary S$ % % By Industry (Summary) Apparel - - 1.85 Automotive 6,830,956 6.25 5.15 Banks 8,049,889 7.36 7.84 Biotechnology 2,738,292 2.50 0.72 Computer/Software 3,848,079 3.52 2.68 Consumer 720,717 0.66 - E-Commerce 21,515,481 19.67 20.09 Educational Services 718,414 0.66 5.24 Electrical/Electronics 2,552,474 2.33 3.66 Energy 1,723,202 1.58 3.50 Engineering & Construction 751,243 0.69 - Entertainment 3,197,478 2.92 1.43 Finance 2,468,164 2.26 3.39 Food & Beverage 5,849,779 5.35 4.18 Healthcare Services 4,414,240 4.04 3.32 Industrials 1,697,678 1.55 1.47 Insurance 3,520,536 3.22 4.41 Internet Service 9,594,000 8.77 8.17 Iron/Steel 476,901 0.44 0.53 Machinery 3,140,567 2.87 3.11 Media 2,986,523 2.73 - Medical - Drugs 1,292,154 1.18 1.09 Medical - Equipment 1,465,445 1.34 - Mining 1,542,917 1.41 1.54 Oil & Gas 3,164,796 2.89 1.60 Pharmaceuticals - - 0.48 Real Estate 5,582,838 5.11 3.21 Restaurant 1,835,387 1.68 1.35 Retail 4,531,674 4.14 2.84 Semiconductors 1,868,982 1.71 0.57 Telecom Service - - 3.48 Transport 44,140 0.04 -

Portfolio of investments 108,122,946 98.87 96.90 Other net assets 1,238,703 1.13 3.10 Net assets attributable to unitholders 109,361,649 100.00 100.00

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DWS PREMIER INVESTMENTS FUNDS - DWS GLOBAL THEMES EQUITY FUND (Constituted under a Trust Deed in the Republic of Singapore) STATEMENT OF PORTFOLIO (Unaudited) As at 30 June 2021

Holdings Fair Value



30 June 2021 30 June 2021 30 June 2021 Primary S$ % By Geography* Quoted Equities Belgium Galapagos Company 826 77,002 0.62 Bermuda Norwegian Cruise Line Holdings Limited 2,170 85,757 0.69 Britain Virgin Islands Biohaven Pharmaceutical Holding Company Limited 653 85,152 0.69 Canada CAE Incorporation 2,145 88,062 0.71 Nutrien Limited 894 72,812 0.59 Wheaton Precious Metals Corporation 1,011 59,877 0.48 Lundin Mining Corporation 4,492 54,271 0.44 275,022 2.22

Cayman Islands Alibaba Group Holding Limited 408 124,374 1.01 New Oriental Education & Technology Group 7,182 79,067 0.64 Tencent Holdings Limited 600 60,651 0.49 Zai Lab Limited 173 41,137 0.33 305,229 2.47

Curacao Schlumberger NV 3,431 147,582 1.19 Cyprus TCS Group Holding PLC 1,001 117,654 0.95 Denmark Genmab A/S 150 82,735 0.67

Finland Neste Oyj 789 64,975 0.52 France Teleperformance 250 136,294 1.10 TotalEnergies SE 2,153 130,951 1.06 Alstom SA 1,716 116,476 0.94 Rexel SA 3,772 106,067 0.86 Unibail-Rodamco-Westfield SE 772 89,824 0.73 DBV Technologies SA 4,548 33,379 0.27 Gensight Biologics SA 2,455 31,425 0.25

- 18 -


Holdings Fair Value



30 June 2021 30 June 2021 30 June 2021 Primary S$ % By Geography* Quoted Equities France (continued) Erytech Pharma SA 2,744 17,147 0.14 661,563 5.35

Germany Instone Real Estate Group 3,555 143,375 1.16 flatexDEGIRO AG 699 126,246 1.02 MTU Aero Engines 373 124,151 1.00 Talanx AG 2,253 123,762 1.00 Brenntag SE 957 119,480 0.96 Nemetschek SE 1,074 110,325 0.89 Lanxess AG 1,129 104,024 0.84 Deutsche Bank AG 5,213 91,443 0.74 KWS Saat SE & Co KGaA 777 85,712 0.69 zooplus AG 146 63,723 0.52 Hella GmbH & Co KGaA 680 62,481 0.50 hGears AG 1,492 58,270 0.47 1,212,992 9.79 Great Britain Anglo American PLC 2,064 110,095 0.89 JD Sports Fashion PLC 6,434 109,751 0.88 Astrazeneca PLC 504 81,264 0.66 Aptiv PLC 332 70,212 0.57 CVS Group PLC 1,507 67,302 0.54 Antofagasta PLC 2,094 55,819 0.45 SSP Group Plc 8,734 43,206 0.35 537,649 4.34 Ireland Smurfit Kappa Group PLC 1,802 131,189 1.06 Medtronic PLC 633 105,594 0.85 STERIS PLC 358 99,272 0.80 Horizon Pharma PLC 782 98,431 0.79 434,486 3.50 Israel Nano-X Imaging Limited 129 5,542 0.04 Japan Eisai Company Limited 1,300 171,928 1.39 Shimano Inc 400 127,456 1.03 Central Japan Railway Company 400 81,628 0.66

- 19 -


Holdings Fair Value



30 June 2021 30 June 2021 30 June 2021 Primary S$ % By Geography* Quoted Equities Japan (continued) Tadano Limited 4,700 66,029 0.53 Shiseido Company Limited 600 59,368 0.48 506,409 4.09 Jersey Novocure Limited 114 33,978 0.27 Liberia Royal Caribbean Cruises Limited 750 85,945 0.69 Netherlands Accell Group 1,881 135,081 1.09 ASM International NV 247 108,987 0.88 Signify NV 1,078 91,317 0.74 AerCap Holdings NV 1,128 77,648 0.63 Wolters Kluwer N.V. 496 66,969 0.54 Aegon NV 10,532 58,661 0.47 Alfen Beheer BV 66 8,254 0.07 546,917 4.42 Norway TOMRA Systems ASA 1,257 93,268 0.75 Panama Carnival Corporation 2,488 88,124 0.71 Portugal Galp Energia SGPS SA 7,698 112,282 0.91 South Korea Samsung Electronics Company Limited 1,301 125,319 1.01 LG Chemical Limited 33 33,442 0.27 Samsung SDI Company Limited 2 1,664 0.01 160,425 1.29 Spain International Consolidated Airlines Group 27,037 87,449 0.71 Solaria Energia Y Medio Ambiente SA 51 1,238 0.01 88,687 0.72 Sweden Swedbank AB 5,374 134,691 1.09

- 20 -


Holdings Fair Value



30 June 2021 30 June 2021 30 June 2021 Primary S$ % By Geography* Quoted Equities Sweden (continued) Oatly Group AB 2,225 73,156 0.59 Boliden AB 1,323 68,414 0.55 Hansa Biopharma AB 1,377 32,519 0.26 308,780 2.49 Switzerland Transocean Limited 11,854 71,863 0.58 Garmin Limited 362 70,338 0.57 TE Connectivity Limited 374 67,974 0.55 CRISPR Therapeutics AG 9 1,958 0.01 212,133 1.71 Taiwan Giant Manufacturing Company Limited 7,000 107,560 0.87 Merida Industry Company Limited 7,000 105,027 0.85 Taiwan Semiconductor Manufacturing Corporation Limited 3,000 85,971 0.69 KMC Kuei Meng International 5,000 56,205 0.46 354,763 2.87 United Kingdom Cineworld Group PLC 49,603 71,330 0.58 Informa PLC 7,242 67,428 0.54 138,758 1.12 United States of America Alphabet Inc 76 249,244 2.01 Facebook Inc 427 199,576 1.61 Eli Lilly & Company 499 153,918 1.24 Zoetis Inc 589 147,500 1.19 Apple Inc 760 139,876 1.13 Nasdaq Inc 575 135,871 1.10 Microsoft Corporation 371 135,072 1.09 Carrier Global Corporation 2,060 134,493 1.09 Intellia Therapeutics Incorporation 612 132,965 1.07 AbbVie Incorporation 873 132,135 1.07 NVIDIA Corporation 122 131,210 1.06 Visa Incorporation 414 130,204 1.05 Intercontinental Exchange Incorporation 809 129,060 1.04 Baker Hughes Company 4,084 125,495 1.01 Bank of America Corporation 2,262 125,302 1.01 Citigroup Incorporation 1,295 123,122 0.99 Uber Technologies Incorporation 1,733 116,754 0.94

- 21 -


Holdings Fair Value



30 June 2021 30 June 2021 30 June 2021 Primary S$ % By Geography* Quoted Equities United States of America (continued) Darling Ingredients Incorporation 1,281 116,230 0.94 Biogen Inc 242 112,640 0.91 TransMedics Group Incorporation 2,405 107,232 0.87 Applied Materials Incorporation 548 104,888 0.85 Texas Instruments Inc 378 97,689 0.79 Novavax Incorporation 321 91,558 0.74 Tradeweb Markets Inc 803 91,133 0.74 TopBuild Corporation 335 89,044 0.72 CF Industries Holdings 1,261 87,210 0.70 Simon Property Group Incorporation 497 87,156 0.70 Molina Healthcare Inc 240 81,639 0.66 AutoZone Incorporation 40 80,181 0.65 Paypal Holdings Incorporation 199 77,935 0.63 Verisk Analytics Incorporation 319 74,868 0.60 Delta Air Lines Incorporation 1,274 74,066 0.60 Amazon.com Incorporation 16 73,970 0.60 Cinemark Holdings Incorporation 2,470 72,878 0.59 GoDaddy Inc 603 70,486 0.57 Helmerich & Payne Inc 1,578 69,192 0.56 Heska Corporation 215 66,393 0.54 Trupanion Inc 427 66,047 0.53 Montrose Environmental Group Inc 897 64,604 0.52 Hilton Worldwide Holdings Inc 396 64,206 0.52 Global Payments Incorporation 250 63,019 0.51 Terminix Global Holdings Inc 965 61,874 0.50 Guardant Health Inc 370 61,796 0.50 Arena Pharmaceuticals Inc 672 61,533 0.50 Fair Isaac Corporporation 91 61,461 0.50 Insmed Incorporation 1,606 61,439 0.50 Hasbro Inc 462 58,693 0.47 Heron Therapeutics Incorporation 2,796 58,330 0.47 Grand Canyon Education Inc 464 56,103 0.45 Las Vegas Sands Corporation 779 55,173 0.45 Citrix Systems Inc 343 54,064 0.44 Sage Therapeutics Incorporation 526 40,118 0.32 Freshpet Inc 180 39,429 0.32 Universal Display Corporation 127 37,955 0.31 Synopsys Inc 98 36,330 0.29 Monolithic Power Systems Inc 70 35,138 0.28 Enphase Energy Incorporation 138 34,061 0.27 Checkpoint Therapeutics Inc 8,323 32,780 0.26 MarketAxess Holdings Inc 52 32,404 0.26

- 22 -


Holdings Fair Value



30 June 2021 30 June 2021 30 June 2021 Primary S$ % By Geography* Quoted Equities United States of America (continued) Apellis Pharmaceuticals Incorporation 366 31,024 0.25 Relmada Therapeutics Incorporation 722 30,979 0.25 Amicus Therapeutics Incorporation 2,246 29,104 0.23 PTC Therapeutics Company 440 24,959 0.20 Covetrus Inc 680 24,680 0.20 9 Meters Biopharma Incorporation 16,373 24,209 0.20 Twilio Incorporation 14 7,417 0.06 Petco Health & Wellness Co Inc 237 7,136 0.06 Chegg Incorporation 54 6,033 0.05 Editas Medicine Incorporation 24 1,827 0.01 Sunnova Energy International Incorporation 31 1,569 0.01 NextEra Energy Incorporation 15 1,477 0.01 Sangamo Therapeutics Incorporation 85 1,367 0.01 Alnylam Pharmaceuticals Incorporation 6 1,366 0.01 BioMarin Pharmaceutical Inc 12 1,346 0.01 Karuna Therapeutics Incorporation 8 1,226 0.01 Viking Therapeutics Inc 151 1,214 0.01 Sarepta Therapeutics Inc 11 1,150 0.01 Coherus BioSciences Incorporation 61 1,134 0.01 Global Blood Therapeutics Incorporation 24 1,129 0.01 Intercept Pharmaceuticals Inc 41 1,101 0.01 Madrigal Pharmaceuticals Incorporation 8 1,046 0.01 Avrobio Inc 87 1,039 0.01 5,508,274 44.47

Portfolio of investments 12,332,083 99.55 Other net assets 56,253 0.45 Net assets attributable to unitholders 12,388,336 100.00

- 23 -




30 June

2021 31 December

2020 Primary % % By Geography* (Summary) Quoted Belgium 0.62 0.48 Bermuda 0.69 0.27 Britain Virgin Islands 0.69 - Canada 2.22 0.26 Cayman Islands 2.47 2.58 Curacao 1.19 - Cyprus 0.95 - Denmark 0.67 0.48 Finland 0.52 2.33 France 5.35 3.34 Germany 9.79 3.36 Great Britain 4.34 1.89 Guernsey - 0.78 Ireland 3.50 1.74 Israel 0.04 0.72 Japan 4.09 4.19 Jersey 0.27 0.49 Liberia 0.69 0.22 Netherlands 4.42 4.43 Norway 0.75 - Panama 0.71 0.28 Portugal 0.91 - South Korea 1.29 1.77 Spain 0.72 1.97 Sweden 2.49 0.95 Switzerland 1.71 2.47 Taiwan 2.87 2.86 United Kingdom 1.12 0.51 United States of America 44.47 60.80

Portfolio of investments 99.55 99.17 Other net assets 0.45 0.83 Net assets attributable to unitholders 100.00 100.00 * Geographical classification is based on the country in which the investee companies are incorporated.

- 24 -




30 June

2021 30 June

2021 31 December

2020 Secondary S$ % % By Industry (Summary) Aerospace 212,213 1.71 1.20 Agriculture 116,230 0.94 1.39 Airlines 161,515 1.31 0.49 Automotive 190,963 1.54 1.00 Banks 592,212 4.78 2.00 Biotechnology 915,435 7.40 10.37 Building Materials - - 0.41 Chemicals 502,680 4.06 1.89 Commercial Services 273,036 2.19 3.10 Computer/Software 746,241 6.02 10.31 Consumer 246,762 2.00 1.77 E-Commerce 188,097 1.53 1.44 Educational Services 141,203 1.14 1.11 Electrical/Electronics 741,492 6.01 6.93 Energy 36,868 0.30 6.17 Engineering & Construction 97,298 0.79 1.30 Entertainment 459,207 3.71 1.35 Finance 733,316 5.93 7.10 Food & Beverage 116,362 0.94 1.56 Healthcare 121,159 0.97 2.23 Industrials 157,872 1.26 - Insurance 248,470 2.00 1.38 Internet Service 583,441 4.71 6.32 IT Services 246,958 1.99 2.60 Lodging 64,206 0.52 - Machinery 66,029 0.53 1.62 Manufacturing 650,293 5.25 3.16 Media 134,397 1.07 1.09 Medical - Drugs 33,865 0.27 0.95 Medical - Equipment 204,866 1.65 0.93 Mining 348,476 2.81 - Oil & Gas 722,340 5.83 2.33 Pharmaceuticals 1,312,316 10.59 8.41 Real Estate 143,375 1.16 0.73 Real Estate Investment Trust 176,980 1.43 1.34 Retail 236,497 1.91 1.02 Semiconductors 327,785 2.64 2.81 Telecom Service - - 0.59 Transportation 81,628 0.66 0.77 Portfolio of investments 12,332,083 99.55 99.17 Other net assets 56,253 0.45 0.83 Net assets attributable to unitholders 12,388,336 100.00 100.00

- 25 -

DWS PREMIER INVESTMENTS FUNDS - DWS INDIA EQUITY FUND (Constituted under a Trust Deed in the Republic of Singapore) STATEMENT OF PORTFOLIO (Unaudited) As at 30 June 2021

Holdings Fair Value



30 June 2021 30 June 2021 30 June 2021 Primary S$ % By Geography* Quoted Equities India ICICI Bank Limited 875,000 10,876,243 8.17 Infosys Technologies Limited 377,000 10,772,045 8.09 HDFC Bank Limited 380,000 10,280,516 7.72 Reliance Industries Limited 250,000 9,550,728 7.17 HCL Technologies Limited 420,000 7,481,441 5.62 TATA Consultancy Services Limited 120,000 7,272,026 5.46 Bajaj Finance Limited 65,000 7,057,547 5.30 State Bank of India Limited 880,000 6,666,421 5.01 Larsen & Toubro Limited 230,000 6,237,183 4.69 Housing Development Finance Corporation Limited 128,000 5,733,710 4.31 Hindustan Unilever Limited 103,000 4,610,119 3.46 Dr Reddy's Laboratories Limited 36,000 3,522,213 2.65 Kotak Mahindra Bank Limited 101,000 3,113,827 2.34 Maruti Suzuki India Limited 20,500 2,788,790 2.10 Tata Consumer Products Limited 200,000 2,734,334 2.06 Ultratech Cement Limited 22,000 2,692,290 2.02 Axis Bank Limited 185,000 2,504,167 1.88 Bharti Airtel Limited 245,000 2,337,159 1.76 Mahindra & Mahindra Limited 162,000 2,284,096 1.72 Shree Cement Limited 4,300 2,140,796 1.61 Pidilite Industries Limited 53,000 2,064,531 1.55 Finolex Industries Limited 564,032 1,881,914 1.41 Divi's Laboratories Limited 23,500 1,870,546 1.41 Ramco Cements Limited 95,000 1,759,662 1.32 UPL Limited 108,000 1,548,805 1.16 Apollo Hospitals Enterprise Limited 22,000 1,439,312 1.08 SBI Life Insurance Company Limited 78,000 1,420,655 1.07 Asian Paints Limited 26,000 1,409,840 1.06 Petronet LNG Limited 330,000 1,350,213 1.01 Sun Pharmaceuticals Industries Limited 92,000 1,121,782 0.84 Nippon Life India Asset Management Limited 155,000 1,028,861 0.77 Jindal Steel & Power Limited 138,000 992,259 0.75 Ashok Leyland Limited 440,000 977,126 0.73 ITC Limited 170,000 623,010 0.47 Dabur India Limited 53,000 544,455 0.41 TATA Steel Limited 21,692 91,186 0.07 130,779,808 98.25 Portfolio of investments 130,779,808 98.25 Other net assets 2,333,281 1.75 Net assets attributable to unitholders 133,113,089 100.00

- 26 -

DWS PREMIER INVESTMENTS FUNDS - DWS INDIA EQUITY FUND (Constituted under a Trust Deed in the Republic of Singapore) STATEMENT OF PORTFOLIO (Unaudited) As at 30 June 2021



30 June

2021 31 December

2020 Primary % % By Geography* (Summary) Quoted India 98.25 98.06 Portfolio of investments 98.25 98.06 Other net assets 1.75 1.94 Net assets attributable to unitholders 100.00 100.00 * Geographical classification is based on the country in which the investee companies are incorporated.



30 June

2021 30 June

2021 31 December

2020 Secondary S$ % % By Industry (Summary) Automotive 6,050,012 4.55 5.52 Banks 29,308,417 22.01 20.61 Cements 6,592,748 4.95 4.52 Chemicals 6,905,090 5.18 4.33 Computer/Software 18,253,486 13.71 12.53 Consumer 544,455 0.41 0.43 Finance 15,905,084 11.95 13.57 Food & Beverage 2,734,334 2.06 1.84 Healthcare 1,439,312 1.08 0.81 Insurance 2,439,585 1.84 2.07 Investment 1,028,861 0.77 0.73 Manufacturing 4,610,119 3.46 4.21 Medical - Drugs 1,121,782 0.84 0.80 Metals 1,083,445 0.82 0.60 Miscellaneous 6,237,183 4.69 4.36 Oil & Gas 1,350,213 1.01 1.44 Petrochemical 9,550,728 7.17 7.10 Pharmaceuticals 5,392,759 4.06 4.59 Services 7,272,026 5.46 5.04 Telecom Services 2,337,159 1.76 2.34 Tobacco 623,010 0.47 0.62 Portfolio of investments 130,779,808 98.25 98.06 Other net assets 2,333,281 1.75 1.94 Net assets attributable to unitholders 133,113,089 100.00 100.00

- 27 -

DWS PREMIER INVESTMENTS FUNDS - DWS SINGAPORE EQUITY FUND (Constituted under a Trust Deed in the Republic of Singapore) STATEMENT OF PORTFOLIO (Unaudited) As at 30 June 2021

Holdings Fair Value



30 June 2021 30 June 2021 30 June 2021 Primary S$ % By Geography* Quoted Equities Cayman Islands Sea Limited 380 140,219 2.13 Singapore DBS Group Holdings Limited 53,205 1,586,041 24.03 Oversea-Chinese Banking Corporation Limited 100,743 1,201,864 18.21 United Overseas Bank Limited 35,986 929,159 14.08 Singapore Telecommunications Limited 230,110 524,651 7.95 CapitaLand Limited 98,400 365,064 5.53 CapitaLand Integrated Commercial Trust 141,900 296,571 4.49 Genting Singapore Limited 309,000 258,015 3.91 Singapore Exchange Limited 18,000 200,340 3.04 Singapore Technologies Engineering Limited 45,700 176,402 2.67 Wilmar International Limited 37,500 168,750 2.56 Keppel Corporation Limited 29,100 158,595 2.40 City Developments Limited 17,700 128,856 1.95 Ascendas REIT 33,144 97,443 1.48 Mapletree Commercial Trust 41,700 89,655 1.36 Jardine Cycle & Carriage Limited 3,900 83,304 1.26 UOL Group Limited 11,138 81,307 1.23 6,346,017 96.15 Thailand Thai Beverage Public Company Limited 90,000 60,750 0.92 Portfolio of investments 6,546,986 99.20 Other net assets 52,884 0.80 Net assets attributable to unitholders 6,599,870 100.00

- 28 -

DWS PREMIER INVESTMENTS FUNDS - DWS SINGAPORE EQUITY FUND (Constituted under a Trust Deed in the Republic of Singapore) STATEMENT OF PORTFOLIO (Unaudited) As at 30 June 2021



30 June

2021 31 December

2020 Primary % % By Geography* (Summary) Quoted Cayman Islands 2.13 - Singapore 96.15 97.87 Thailand 0.92 0.82 Portfolio of investments 99.20 98.69 Other net assets 0.80 1.31 Net assets attributable to unitholders 100.00 100.00 * Geographical classification is based on the country in which the investee companies are incorporated.



30 June

2021 30 June

2021 31 December

2020 Secondary S$ % % By Industry (Summary) Agriculture 168,750 2.56 3.10 Banks 3,717,064 56.32 50.70 Computer/Software 140,219 2.12 - Diversified Resources 158,595 2.40 3.36 Electronics - - 2.41 Engineering/Machine 176,402 2.67 2.81 Entertainment 258,015 3.91 1.80 Finance 200,340 3.04 2.07 Food & Beverage 60,750 0.92 0.82 Real Estate 575,227 8.72 6.79 Real Estate Investment Trust 483,669 7.33 13.03 Shipbuilding - - 0.58 Telecom Services 524,651 7.95 9.89 Wholesale 83,304 1.26 1.33 Portfolio of investments 6,546,986 99.20 98.69 Other net assets 52,884 0.80 1.31 Net assets attributable to unitholders 6,599,870 100.00 100.00

- 29 -

Disclosures according to Code of Collective Investment Scheme Guidelines

- 30 -

DWS PREMIER INVESTMENTS FUNDS - DWS CHINA EQUITY FUND (Constituted under a Trust Deed in the Republic of Singapore) DISCLOSURES For the financial period ended 30 June 2021 A Distribution of Investments

Fair Value NAV S$ % (i) Country Bermuda 1,009,156 0.92 Cayman Islands 64,976,023 59.41 China 32,363,111 29.60 Hong Kong 7,939,269 7.26 United States of America 1,835,387 1.68 Portfolio of investments 108,122,946 98.87 Other net assets 1,238,703 1.13 Total 109,361,649 100.00 (ii) Industry Automotive 6,830,956 6.25 Banks 8,049,889 7.36 Biotechnology 2,738,292 2.50 Computer/Software 3,848,079 3.52 Consumer 720,717 0.66 E-Commerce 21,515,481 19.67 Educational Services 718,414 0.66 Electrical/Electronics 2,552,474 2.33 Energy 1,723,202 1.58 Engineering & Construction 751,243 0.69 Entertainment 3,197,478 2.92 Finance 2,468,164 2.26 Food & Beverage 5,849,779 5.35 Healthcare Services 4,414,240 4.04 Industrials 1,697,678 1.55 Insurance 3,520,536 3.22 Internet Service 9,594,000 8.77 Iron/Steel 476,901 0.44 Machinery 3,140,567 2.87 Media 2,986,523 2.73 Medical - Drugs 1,292,154 1.18 Medical - Equipment 1,465,445 1.34 Mining 1,542,917 1.41 Oil & Gas 3,164,796 2.89 Real Estate 5,582,838 5.11 Restaurant 1,835,387 1.68 Retail 4,531,674 4.14 Semiconductors 1,868,982 1.71 Transport 44,140 0.04 Portfolio of investments 108,122,946 98.87 Other net assets 1,238,703 1.13 Total 109,361,649 100.00 (iii) Asset Class Equities 108,122,946 98.87 Other net assets 1,238,703 1.13 Total 109,361,649 100.00

- 31 -

DWS PREMIER INVESTMENTS FUNDS - DWS CHINA EQUITY FUND (Constituted under a Trust Deed in the Republic of Singapore) DISCLOSURES For the financial period ended 30 June 2021 A Distribution of Investments (continued)

Fair Value NAV S$ % (iv) Credit Rating N/A

B Top 10 Holdings

Securities Fair Value NAV S$ % As at 30 June 2021 Alibaba Group Holding Limited 10,041,481 9.18 Tencent Holdings Limited 9,594,000 8.77 Meituan Company 5,365,023 4.90 JD.com Incorporation 3,998,241 3.66 China Construction Bank H Shares 3,404,372 3.11 Netease Incorporation 3,218,443 2.94 NIO Incorporation 3,181,823 2.91 Baidu Incoporation 2,986,523 2.73 Ping An Insurance (Group) Company of China Limited H Shares 2,685,371 2.46 Wuxi Biologics Cayman Incorporation 2,547,504 2.33 As at 30 June 2020 Tencent Holdings Limited 9,429,418 10.20 Alibaba Group Holding Limited 8,722,450 9.44 China Construction Bank H Shares 4,280,618 4.63 JD.com Incorporation 3,898,913 4.22 Meituan Dianping-Class B 2,930,142 3.17 TAL Education Group 2,759,712 2.99 New Oriental Education & Technology Group 2,541,666 2.75 Netease Incorporation 2,467,308 2.67 China Mobile Limited 2,447,603 2.65 Ping An Insurance (Group) Company of China Limited H Shares 2,410,182 2.61

C Exposure to Derivatives Net realised gain on foreign exchange contracts for the financial period ended 30 June 2021 is S$5,852. D Global Exposure N/A E Collateral N/A F Securities Lending or Repurchase Transactions NIL

- 32 -

DWS PREMIER INVESTMENTS FUNDS - DWS CHINA EQUITY FUND (Constituted under a Trust Deed in the Republic of Singapore) DISCLOSURES For the financial period ended 30 June 2021 G Amount and Percentage of NAV Invested in Other Unit Trusts, Mutual Funds and Collective Investment

Schemes NIL H Amount and Percentage of Borrowings of NAV N/A I Total Amount of Subscription and Redemption

Amount of subscription : S$7,637,821 US$ 580,997 Amount of redemption : S$7,440,087 US$ 236,704

J Amount and Terms of Related-Party Transactions NIL K Performance of Fund in a Consistent Format

Period NAV-to-NAV Index* 3 Months 3.19 3.12 6 Months 2.31 3.91 1 year 24.65 26.78 3 years 9.66 10.32 5 years 15.84 16.67 10 years 7.48 8.88 Since inception 10.74 10.76

Note : Returns are calculated on a NAV-to-NAV basis with dividends reinvested at the NAV price For periods exceeding 1 year, performance is based on average annual compounded returns * MSCI China 10/40 (Euro) (RI) index The benchmark was changed from the MSCI China Total Return index, with Gross Dividends reinvested, to the MSCI China

10/40 (Euro) (RI) index with effect from 21 September 2017 L Expense Ratio

As at 30 June 2021 Expense ratio for DWS China Equity Fund 1.65% As at 30 June 2020 Expense ratio for DWS China Equity Fund 1.65% Weighted expense ratio for Xtrackers CSI300 Swap UCITS ETF 0.01% Total expense ratio 1.66%

The expense ratio has been computed based on the guidelines laid down by the Investment Management Association of Singapore ("IMAS"). The calculation of the Sub-Fund's expense ratios at 30 June 2021 was based on total operating expenses divided by the average net asset value respectively for the year. The total operating expenses do not include (where applicable) brokerage and other transaction costs, performance fees, interest expense, distribution paid out to unitholders, foreign exchange gains/losses, front or back end loads arising from the purchase or sale of other funds and tax deducted at source or arising out of income received. The Sub-Fund does not pay any performance fee. The average net asset value is based on the daily balances.

- 33 -

DWS PREMIER INVESTMENTS FUNDS - DWS CHINA EQUITY FUND (Constituted under a Trust Deed in the Republic of Singapore) DISCLOSURES For the financial period ended 30 June 2021 L Expense Ratio (continued) Total operating expenses and average net asset value are as below:

30 June 2021 30 June 2020 S$ S$ Total operating expenses 1,728,290 1,480,833 Average net asset value 104,728,476 89,538,536

M Turnover Ratio

As at 30 June 2021 85.21% As at 30 June 2020 75.21%

The portfolio turnover ratio is calculated in accordance with the formula stated in the Code on Collective Investment Schemes. The calculation of the portfolio turnover ratio was based on the lower of the total value of purchases or sales of the underlying investments for the 12 months preceding the reporting date, divided by the average daily net asset value respectively as below: 30 June 2021 30 June 2020 S$ S$ Total value of purchases or sales of the underlying investments 89,236,883 67,344,539 Average daily net asset value 104,728,476 89,538,536

N Any Material Information That Will Adversely Impact The Valuation of The Fund Such As Contingent

Liabilities of Open Contracts

N/A O Soft Dollar Commissions Received by the Manager N/A

- 34 -

DWS PREMIER INVESTMENTS FUNDS - DWS GLOBAL THEMES EQUITY FUND (Constituted under a Trust Deed in the Republic of Singapore) DISCLOSURES For the financial period ended 30 June 2021 A Distribution of Investments

Fair Value NAV S$ % (i) Country Belgium 77,002 0.62 Bermuda 85,757 0.69 Britain Virgin Islands 85,152 0.69 Canada 275,022 2.22 Cayman Islands 305,229 2.47 Curacao 147,582 1.19 Cyprus 117,654 0.95 Denmark 82,735 0.67 Finland 64,975 0.52 France 661,563 5.35 Germany 1,212,992 9.79 Great Britain 537,649 4.34 Ireland 434,486 3.50 Israel 5,542 0.04 Japan 506,409 4.09 Jersey 33,978 0.27 Liberia 85,945 0.69 Netherlands 546,917 4.42 Norway 93,268 0.75 Panama 88,124 0.71 Portugal 112,282 0.91 South Korea 160,425 1.29 Spain 88,687 0.72 Sweden 308,780 2.49 Switzerland 212,133 1.71 Taiwan 354,763 2.87 United Kingdom 138,758 1.12 United States of America 5,508,274 44.47

Portfolio of investments 12,332,083 99.55

Other net assets 56,253 0.45 Total 12,388,336 100.00 (ii) Industry Aerospace 212,213 1.71 Agriculture 116,230 0.94 Airlines 161,515 1.31 Automotive 190,963 1.54 Banks 592,212 4.78 Biotechnology 915,435 7.40 Chemicals 502,680 4.06 Commercial Services 273,036 2.19 Computer/Software 746,241 6.02 Consumer 246,762 2.00 E-Commerce 188,097 1.53 Educational Services 141,203 1.14 Electrical/Electronics 741,492 6.01 Energy 36,868 0.30 Engineering & Construction 97,298 0.79 Entertainment 459,207 3.71

Finance 733,316 5.93

- 35 -

DWS PREMIER INVESTMENTS FUNDS - DWS GLOBAL THEMES EQUITY FUND (Constituted under a Trust Deed in the Republic of Singapore) DISCLOSURES For the financial period ended 30 June 2021 A Distribution of Investments (continued)

Fair Value NAV S$ % (ii) Industry (continued) Food & Beverage 116,362 0.94 Healthcare 121,159 0.97 Industrials 157,872 1.26 Insurance 248,470 2.00 Internet Service 583,441 4.71 IT Services 246,958 1.99 Lodging 64,206 0.52 Machinery 66,029 0.53 Manufacturing 650,293 5.25 Media 134,397 1.07 Medical - Drugs 33,865 0.27 Medical - Equipment 204,866 1.65 Mining 348,476 2.81 Oil & Gas 722,340 5.83 Pharmaceuticals 1,312,316 10.59 Real Estate 143,375 1.16 Real Estate Investment Trust 176,980 1.43 Retail 236,497 1.91 Semiconductors 327,785 2.64 Transportation 81,628 0.66

Portfolio of investments 12,332,083 99.55 Other net assets 56,253 0.45 Total 12,388,336 100.00 (iii) Asset Class Equities 12,332,083 99.55 Other net assets 56,253 0.45 Total 12,388,336 100.00 (iv) Credit Rating N/A

B Top 10 Holdings Securities Fair Value NAV S$ % As at 30 June 2021 Alphabet Inc 249,244 2.01 Facebook Inc 199,576 1.61 Eisai Company Limited 171,928 1.39 Eli Lilly & Company 153,918 1.24 Schlumberger NV 147,582 1.19 Zoetis Inc 147,500 1.19 Instone Real Estate Group 143,375 1.16 Apple Inc 139,876 1.13 Teleperformance 136,294 1.10 Nasdaq Inc 135,871 1.10

- 36 -

DWS PREMIER INVESTMENTS FUNDS - DWS GLOBAL THEMES EQUITY FUND (Constituted under a Trust Deed in the Republic of Singapore) DISCLOSURES For the financial period ended 30 June 2021 B Top 10 Holdings (continued)

Securities Fair Value NAV S$ % As at 30 June 2020 Microsoft Corporation 435,690 4.13 Alphabet Inc 417,370 3.95 Booking Holdings Inc 337,652 3.20 Apple Inc 334,164 3.16 Neste Oyj 173,881 1.65 The TJX Companies Inc 161,138 1.53 Equinix Inc 150,668 1.43 Zoetis Inc 134,084 1.27 Mastercard Incorporation 133,148 1.26 Visa Incorporation 132,669 1.26

C Exposure to Derivatives

Foreign Bought Amount Marked-to-Market NAV

Exchange Date Sold Amount Gain/(Loss) in S$ %

01 July 2021 S$ 169,679 US$ 125,520 (45.19) #

# denotes less than 0.01% Net realised loss on foreign exchange contracts for the financial period ended 30 June 2021 is S$10,761. Net unrealised loss on foreign exchange contracts for the financial period ended 30 June 2021 is S$45.

D Global Exposure N/A E Collateral N/A F Securities Lending or Repurchase Transactions NIL G Amount and Percentage of NAV Invested in Other Unit Trusts, Mutual Funds and Collective Investment

Schemes N/A H Amount and Percentage of Borrowings of NAV N/A

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DWS PREMIER INVESTMENTS FUNDS - DWS GLOBAL THEMES EQUITY FUND (Constituted under a Trust Deed in the Republic of Singapore) DISCLOSURES For the financial period ended 30 June 2021 I Total Amount of Subscription and Redemption

Amount of subscription : S$ 955,629 Amount of redemption : S$ 2,615,913


Period NAV-to-NAV Index* Class A Class A 3 Months 5.46 7.79 6 Months 6.32 14.98 1 year 38.59 33.98 3 years 17.15 14.42 5 years 18.58 14.79 10 years 9.92 11.65 Since inception 4.55 6.50

Note : Returns are calculated on a NAV-to-NAV basis with dividends reinvested at the NAV price For periods exceeding 1 year, performance is based on average annual compounded returns * MSCI World Net Return index, with Net Dividends reinvested L Expense Ratio

Class A As at 30 June 2021 1.80% As at 30 June 2020 1.65%

The expense ratio has been computed based on the guidelines laid down by the Investment Management Association of Singapore ("IMAS"). The calculation of the Sub-Fund's expense ratios at 30 June 2021 was based on total operating expenses divided by the average net asset value respectively for the year. The total operating expenses do not include (where applicable) brokerage and other transaction costs, performance fees, interest expense, distribution paid out to unitholders, foreign exchange gains/losses, front or back end loads arising from the purchase or sale of other funds and tax deducted at source or arising out of income received. The Sub-Fund does not pay any performance fee. The average net asset value is based on the daily balances. Total operating expenses and average net asset value are as below: 30 June 2021 30 June 2020 S$ S$ Total operating expenses 224,017 170,691 Average net asset value 12,474,158 10,354,691

M Turnover Ratio


The portfolio turnover ratio is calculated in accordance with the formula stated in the Code on Collective Investment Schemes. The calculation of the portfolio turnover ratio was based on the lower of the total value of purchases or sales of the underlying investments for the 12 months preceding the reporting date, divided by the average daily net asset value respectively as below: 30 June 2021 30 June 2020 S$ S$ Total value of purchases or sales of the underlying investments 18,922,350 10,739,547 Average daily net asset value 12,474,158 10,354,691

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DWS PREMIER INVESTMENTS FUNDS - DWS GLOBAL THEMES EQUITY FUND (Constituted under a Trust Deed in the Republic of Singapore) DISCLOSURES For the financial period ended 30 June 2021 N Any Material Information That Will Adversely Impact The Valuation of The Fund Such As Contingent



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DWS PREMIER INVESTMENTS FUNDS - DWS INDIA EQUITY FUND (Constituted under a Trust Deed in the Republic of Singapore) DISCLOSURES For the financial period ended 30 June 2021 A Distribution of Investments

Fair Value NAV S$ % (i) Country India 130,779,808 98.25 Portfolio of investments 130,779,808 98.25 Other net assets 2,333,281 1.75 Total 133,113,089 100.00 (ii) Industry Automotive 6,050,012 4.55 Banks 29,308,417 22.01 Cements 6,592,748 4.95 Chemicals 6,905,090 5.18 Computer/Software 18,253,486 13.71 Consumer 544,455 0.41 Finance 15,905,084 11.95 Food & Beverage 2,734,334 2.06 Healthcare 1,439,312 1.08 Insurance 2,439,585 1.84 Investment 1,028,861 0.77 Manufacturing 4,610,119 3.46 Medical - Drugs 1,121,782 0.84 Metals 1,083,445 0.82 Miscellaneous 6,237,183 4.69 Oil & Gas 1,350,213 1.01 Petrochemical 9,550,728 7.17 Pharmaceuticals 5,392,759 4.06 Services 7,272,026 5.46 Telecom Services 2,337,159 1.76 Tobacco 623,010 0.47 Portfolio of investments 130,779,808 98.25 Other net assets 2,333,281 1.75 Total 133,113,089 100.00 (iii) Asset Class Equities 130,779,808 98.25 Other net assets 2,333,281 1.75 Total 133,113,089 100.00 (iv) Credit Rating N/A

B Top 10 Holdings Securities Fair Value NAV S$ % As at 30 June 2021 ICICI Bank Limited 10,876,243 8.17 Infosys Technologies Limited 10,772,045 8.09 HDFC Bank Limited 10,280,516 7.72 Reliance Industries Limited 9,550,728 7.17

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DWS PREMIER INVESTMENTS FUNDS - DWS INDIA EQUITY FUND (Constituted under a Trust Deed in the Republic of Singapore) DISCLOSURES For the financial period ended 30 June 2021 B Top 10 Holdings (continued)

Securities (continued) Fair Value NAV S$ % As at 30 June 2021 (continued) HCL Technologies Limited 7,481,441 5.62 TATA Consultancy Services Limited 7,272,026 5.46 Bajaj Finance Limited 7,057,547 5.30 State Bank of India Limited 6,666,421 5.01 Larsen & Toubro Limited 6,237,183 4.69 Housing Development Finance Corporation Limited 5,733,710 4.31 As at 30 June 2020 Reliance Industries Limited 10,095,299 9.30 HDFC Bank Limited 8,469,288 7.80 ICICI Bank Limited 8,445,379 7.78 Infosys Technologies Limited 5,422,502 5.00 Hindustan Unilever Limited 5,226,891 4.82 TATA Consultancy Services Limited 5,008,193 4.61 HCL Technologies Limited 4,721,316 4.35 Housing Development Finance Corporation Limited 4,555,212 4.20 Bajaj Finance Limited 4,441,397 4.09 Larsen & Toubro Limited 4,364,164 4.02

C Exposure to Derivatives Net realised loss on foreign exchange contracts for the financial period ended 30 June 2021 is S$82,833. D Global Exposure Commitment approach is currently used to calculate exposure to Financial Derivatives if applicable. Presently, VaR

approach is not used for the fund. E Collateral N/A F Securities Lending or Repurchase Transactions NIL G Amount and Percentage of NAV Invested in Other Unit Trusts, Mutual Funds and Collective Investment

Schemes NIL H Amount and Percentage of Borrowings of NAV N/A

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DWS PREMIER INVESTMENTS FUNDS - DWS INDIA EQUITY FUND (Constituted under a Trust Deed in the Republic of Singapore) DISCLOSURES For the financial period ended 30 June 2021 I Total Amount of Subscription and Redemption

Amount of subscription : S$ 1,253,267 Amount of redemption : S$ 17,237,432


Period NAV-to-NAV Index* Class A Class J Class A Class J 3 Months 5.34 6.04 7.06 7.48 6 Months 11.36 18.32 14.47 20.99 1 year 48.35 60.06 51.26 61.50 3 years 11.34 13.13 11.49 12.09 5 years 12.71 15.73 11.92 13.73 10 years 6.66 10.26 6.53 8.98 Since inception 6.77 9.28 9.30 10.77

Note : Returns are calculated on a NAV-to-NAV basis with dividends reinvested at the NAV price For periods exceeding 1 year, performance is based on average annual compounded returns * MSCI India Total Return index, with Gross Dividends reinvested Class I was fully redeemed on 19 December 2019. L Expense Ratio

Class A Class I Class J As at 30 June 2021 1.70% 0.62% As at 30 June 2020 1.69% 0.12% 0.64%

The expense ratio has been computed based on the guidelines laid down by the Investment Management Association of Singapore ("IMAS"). The calculation of the Sub-Fund's expense ratios at 30 June 2021 was based on total operating expenses divided by the average net asset value respectively for the year. The total operating expenses do not include (where applicable) brokerage and other transaction costs, performance fees, interest expense, distribution paid out to unitholders, foreign exchange gains/losses, front or back end loads arising from the purchase or sale of other funds and tax deducted at source or arising out of income received. The Sub-Fund does not pay any performance fee. The average net asset value is based on the daily balances. Total operating expenses and average net asset value are as below: 30 June 2021 30 June 2020 S$ S$ Total operating expenses - Class A 64,020 58,258 - Class I - 2 - Class J 759,527 770,744 Average net asset value - Class A 3,837,563 3,445,331 - Class I - 1,372 - Class J 123,426,395 120,544,528

M Turnover Ratio


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DWS PREMIER INVESTMENTS FUNDS - DWS INDIA EQUITY FUND (Constituted under a Trust Deed in the Republic of Singapore) DISCLOSURES For the financial period ended 30 June 2021 M Turnover Ratio (continued) The portfolio turnover ratio is calculated in accordance with the formula stated in the Code on Collective Investment Schemes.

The calculation of the portfolio turnover ratio was based on the lower of the total value of purchases or sales of the underlying investments for the 12 months preceding the reporting date, divided by the average daily net asset value respectively as below: 30 June 2021 30 June 2020 S$ S$ Total value of purchases or sales of the underlying investments 390,717 46,862,900 Average daily net asset value 127,263,958 123,991,232




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DWS PREMIER INVESTMENTS FUNDS - DWS SINGAPORE EQUITY FUND (Constituted under a Trust Deed in the Republic of Singapore) DISCLOSURES For the financial period ended 30 June 2021 A Distribution of Investments

Fair Value NAV S$ % (i) Country Cayman Islands 140,219 2.13 Singapore 6,346,017 96.15 Thailand 60,750 0.92 Portfolio of investments 6,546,986 99.20 Other net assets 52,884 0.80 Total 6,599,870 100.00 (ii) Industry Agriculture 168,750 2.56 Banks 3,717,064 56.32 Computer/Software 140,219 2.12 Diversified Resources 158,595 2.40 Engineering/Machine 176,402 2.67 Entertainment 258,015 3.91 Finance 200,340 3.04 Food & Beverage 60,750 0.92 Real Estate 575,227 8.72 Real Estate Investment Trust 483,669 7.33 Telecom Services 524,651 7.95 Wholesale 83,304 1.26 Portfolio of investments 6,546,986 99.20 Other net assets 52,884 0.80 Total 6,599,870 100.00 (iii) Asset Class Equities 6,546,986 99.20 Other net assets 52,884 0.80 Total 6,599,870 100.00 (iv) Credit Rating N/A

B Top 10 Holdings Securities Fair Value NAV S$ % As at 30 June 2021 DBS Group Holdings Limited 1,586,041 24.03 Oversea-Chinese Banking Corporation Limited 1,201,864 18.21 United Overseas Bank Limited 929,159 14.08 Singapore Telecommunications Limited 524,651 7.95 CapitaLand Limited 365,064 5.53 CapitaLand Integrated Commercial Trust 296,571 4.49 Genting Singapore Limited 258,015 3.91 Singapore Exchange Limited 200,340 3.04 Singapore Technologies Engineering Limited 176,402 2.67 Wilmar International Limited 168,750 2.56

- 44 -

DWS PREMIER INVESTMENTS FUNDS - DWS SINGAPORE EQUITY FUND (Constituted under a Trust Deed in the Republic of Singapore) DISCLOSURES For the financial period ended 30 June 2021 B Top 10 Holdings (continued)

Fair Value NAV Securities (continued) S$ % As at 30 June 2020 DBS Group Holdings Limited 1,431,144 18.08 Oversea-Chinese Banking Corporation Limited 1,139,787 14.40 United Overseas Bank Limited 976,343 12.33 Singapore Telecommunications Limited 883,411 11.16 Ascendas REIT 618,728 7.82 Wilmar International Limited 389,777 4.92 CapitaLand Mall Trust 327,124 4.13 Keppel Corporation Limited 306,940 3.88 Frasers Centrepoint Trust 254,150 3.21 ESR REIT 244,569 3.09

C Exposure to Derivatives Net realised loss on spot foreign exchange contracts for the financial period ended 30 June 2021 is S$55. D Global Exposure N/A E Collateral N/A F Securities Lending or Repurchase Transactions NIL G Amount and Percentage of NAV Invested in Other Unit Trusts, Mutual Funds and Collective Investment

Schemes NIL H Amount and Percentage of Borrowings of NAV N/A I Total Amount of Subscription and Redemption

Amount of subscription : S$ 176,406 Amount of redemption : S$ 2,409,173

J Amount and Terms of Related-Party Transactions NIL

- 45 -

DWS PREMIER INVESTMENTS FUNDS - DWS SINGAPORE EQUITY FUND (Constituted under a Trust Deed in the Republic of Singapore) DISCLOSURES For the financial period ended 30 June 2021 K Performance of Fund in a Consistent Format

Period NAV-to-NAV Index* Class A Class A 3 Months 0.21 0.53 6 Months 10.18 11.28 1 year 20.23 24.09 3 years 1.08 3.08 5 years 5.25 6.60 10 years 2.90 3.83 Since inception 6.75 6.89

Note : Returns are calculated on a NAV-to-NAV basis with dividends reinvested at the NAV price For periods exceeding 1 year, performance is based on average annual compounded returns

* MSCI Singapore Total Return index, with Gross Dividends reinvested L Expense Ratio

Class A As at 30 June 2021 2.31% As at 30 June 2020 1.99%

The expense ratio has been computed based on the guidelines laid down by the Investment Management Association of Singapore ("IMAS"). The calculation of the Sub-Fund's expense ratios at 30 June 2021 was based on total operating expenses divided by the average net asset value respectively for the year. The total operating expenses do not include (where applicable) brokerage and other transaction costs, performance fees, interest expense, distribution paid out to unitholders, foreign exchange gains/losses, front or back end loads arising from the purchase or sale of other funds and tax deducted at source or arising out of income received. The Sub-Fund does not pay any performance fee. The average net asset value is based on the daily balances. Total operating expenses and average net asset value are as below: 30 June 2021 30 June 2020 S$ S$ Total operating expenses 178,808 183,054 Average net asset value 7,740,315 9,196,223

M Turnover Ratio


The portfolio turnover ratio is calculated in accordance with the formula stated in the Code on Collective Investment Schemes. The calculation of the portfolio turnover ratio was based on the lower of the total value of purchases or sales of the underlying investments for the 12 months preceding the reporting date, divided by the average daily net asset value respectively as below: 30 June 2021 30 June 2020 S$ S$ Total value of purchases or sales of the underlying investments 930,962 2,276,625 Average daily net asset value 7,740,315 9,196,223



N/A O Soft Dollar Commissions Received by the Manager

N/A

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DWS PREMIER INVESTMENTS FUNDS (Constituted under a Trust Deed in the Republic of Singapore) SUPPLEMENTARY NOTES For the half year ended 30 June 2021 (Unaudited) 1 General

DWS Premier Investments Funds ("the Fund") is an open-ended umbrella fund constituted pursuant to the Trust

Deed dated 28 November 2003 as amended by Supplemental and Amending and Restating Deeds between DWS Investments Singapore Limited ("the Manager") and HSBC Institutional Trust Services (Singapore) Limited ("the Trustee"). The Deed of Trust, subsequent Supplemental Deeds and Amending and Restating Deeds are governed by the laws of the Republic of Singapore.

As at 30 June 2021, DWS Premier Investments Funds had the following sub-funds:

Sub-fund Launch date Underlying investments DWS Singapore Equity Fund 9 December 2003 Investments in Singapore securities DWS India Equity Fund 16 November 2004 Investments in India securities DWS China Equity Fund 29 December 2004 Investments in China, including Hong Kong securities DWS Global Themes Equity Fund 24 July 2006 Investments in international securities worldwide DWS Investments Singapore Limited retired as Manager of the Fund effective 30 July 2021. The new Manager of the Fund is iFAST Financial Pte. Ltd. The current sub-managers of the Sub-Funds will remain as sub-managers of the respective Sub-Funds. The name of the Sub-Funds will be changed as follows:

Name prior to 30 July 2021 New name with effect from 30 July 2021 Trust

DWS Premier Investments Funds iFAST-DWS Premier Investments Funds Sub-Funds

DWS China Equity Fund iFAST-DWS China Equity Fund DWS Global Themes Equity Fund iFAST-DWS Global Themes Equity Fund DWS India Equity Fund iFAST-DWS India Equity Fund DWS Singapore Equity Fund iFAST-DWS Singapore Equity Fund

There will be no change to the investment objective, focus and approach of the Sub-Funds. As at 30 June 2021,

there was no significant impact to the Sub-Funds.

dws premier investments funds - fsmone | global

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