Semi Annual Report - DWS Investments

THE CENTRAL EUROPE, RUSSIA AND TURKEY FUND, INC.SCHEDULE OF INVESTMENTS — APRIL 30, 2013 (unaudited) (continued)Shares Description Value (a) Shares Description Value (a)INVESTMENTS IN TURKEY – 18.1%AUTOMOBILES – 0.6%400,000 Tofas Turk Otomobil Fabrikasi . . . $ 2,786,447COMMERCIAL BANKS – 8.5%1,200,000 Akbank† . . . . . . . . . . . . . . . . . . . . 6,299,5991,750,000 Turkiye Garanti Bankasi . . . . . . . . 9,655,038800,000 Turkiye Halk Bankasi . . . . . . . . . . 8,716,0051,250,000 Turkiye IS Bankasi . . . . . . . . . . . . 4,820,5531,500,000 Turkiye Vaklifar Bakasi . . . . . . . . . 5,349,9771,000,000 Yapi ve Kredi Bankasi . . . . . . . . . . 3,098,52937,939,701CONSTRUCTION &ENGINEERING – 1.4%1,675,000 Tekfen Holding . . . . . . . . . . . . . . . 6,496,879DIVERSIFIED FINANCIALSERVICES – 0.7%500,000 Haci Omer Sabanci Holding . . . . . 3,106,888FOOD & STAPLESRETAILING – 2.0%115,000 Bim Birlesik Magazalar . . . . . . . . 5,896,122175,000 Bizim Toptan Satis Magazalari . . . 2,945,2748,841,396INSURANCE – 0.4%600,000 Anadolu Hayat Emeklilik . . . . . . . 1,939,367METALS & MINING – 0.9%100,000 Koza Altin Isletmeleri . . . . . . . . . . 1,995,096800,000 Koza Anadolu Metal MadencilikIsletmeleri* . . . . . . . . . . . . . . . . . . 1,988,4083,983,504TRANSPORTATIONINFRASTRUCTURE – 0.8%500,000 TAV Havalimanlari Holding . . . . . 3,524,855WIRELESSTELECOMMUNICATIONSERVICES – 2.8%2,000,000 Turkcell Iletism Hizmetleri* . . . . . 12,371,823Total Investments in Turkey(cost $49,750,456) . . . . . . . . . . . . 80,990,860INVESTMENTS IN POLAND – 8.7%COMMERCIAL BANKS – 4.4%105,000 Bank Pekao . . . . . . . . . . . . . . . . . . $ 5,034,4971,400,000 Powszechna Kasa OszczednosciBank Polski† . . . . . . . . . . . . . . . . 14,577,33319,611,830INSURANCE – 2.3%75,000 Powszechny Zaklad Ubezpieczen . 10,337,216METALS & MINING – 2.0%190,000 KGHM Polska Miedz† . . . . . . . . . 8,899,579Total Investments in Poland(cost $27,696,216) . . . . . . . . . . . . 38,848,625INVESTMENTS INCZECH REPUBLIC – 1.9%DIVERSIFIEDTELECOMMUNICATIONSERVICES – 1.1%350,000 Telefonica Czech Republic . . . . . . 5,058,733ELECTRIC UTILITIES – 0.8%125,000 Ceske Energeticke Zavody . . . . . . 3,619,127Total Investments inCzech Republic(cost $7,415,304) . . . . . . . . . . . . . 8,677,860INVESTMENTS IN HUNGARY – 1.4%COMMERCIAL BANKS – 1.4%300,000 OTP Bank . . . . . . . . . . . . . . . . . . . 6,238,419Total Investments in Hungary(cost $1,642,741) . . . . . . . . . . . . . 6,238,419Total Investments inCommon and PreferredStocks – 96.4%(cost $329,529,180) . . . . . . . . . . . 431,961,117SECURITIES LENDINGCOLLATERAL – 2.4%10,640,157 Daily Assets FundInstitutional, 0.13%(cost $10,640,157) (b)(c) . . . . . . . . . 10,640,157The accompanying notes are an integral part of the financial statements.14