Semi Annual Report - DWS Investments

THE CENTRAL EUROPE, RUSSIA AND TURKEY FUND, INC.SCHEDULE OF INVESTMENTS — APRIL 30, 2013 (unaudited)Shares Description Value (a) Shares Description Value (a)INVESTMENTS IN RUSSIA – 66.3%COMMON STOCKS – 62.6%CHEMICALS – 3.6%450,000 Uralkali (GDR) Reg S . . . . . . . . . . $ 16,285,500COMMERCIAL BANKS – 9.2%11,500,000 Sberbank . . . . . . . . . . . . . . . . . . . . 36,756,3001,500,000 VTB Bank (GDR) Reg S* . . . . . . 4,725,00041,481,300CONSTRUCTION &ENGINEERING – 0.9%800,000 Mostotrest . . . . . . . . . . . . . . . . . . . 3,861,536CONSTRUCTIONMATERIALS – 1.0%1,000,000 LSR Group (GDR) Reg S . . . . . . . 4,350,000DIVERSIFIEDTELECOMMUNICATIONSERVICES – 0.4%500,000 Rostelecom . . . . . . . . . . . . . . . . . . 1,889,250ELECTRIC UTILITIES – 0.8%216,633 OJSC Enel OGK-5 (GDR)* . . . . . 465,9771,750,000 RusHydro (ADR) . . . . . . . . . . . . . 3,010,0003,475,977FOOD & STAPLESRETAILING – 4.0%350,000 Magnit (GDR) Reg S . . . . . . . . . . 17,850,000METALS & MINING – 6.3%500,000 Mechel Steel Group† . . . . . . . . . . . 2,040,00057,884 MMC Norilsk Nickel . . . . . . . . . . 9,626,017325,000 MMC Norilsk Nickel (ADR) . . . . 4,998,500200,000 Novolipetsk Steel OJSC . . . . . . . . 3,320,0001,500,000 Polyus Gold International* . . . . . . 4,738,020400,000 Severstal . . . . . . . . . . . . . . . . . . . . 3,376,32428,098,861OIL, GAS & CONSUMABLEFUELS – 27.9%2,000,000 Gazprom . . . . . . . . . . . . . . . . . . . . 8,014,8004,200,000 Gazprom (ADR)† . . . . . . . . . . . . . 33,327,000250,000 LUKOIL . . . . . . . . . . . . . . . . . . . . 15,899,550415,000 LUKOIL (ADR) . . . . . . . . . . . . . . 26,369,100190,000 NovaTek (GDR) Reg S . . . . . . . . . 19,228,000550,000 Rosneft Oil (GDR) Reg S . . . . . . . 3,759,250600,000 Surgutneftegaz (ADR) . . . . . . . . . . 5,100,000350,000 Tatneft (ADR) . . . . . . . . . . . . . . . . 13,226,500124,924,200ROAD & RAIL – 0.4%128,668 Globaltrans Investment (GDR)Reg S . . . . . . . . . . . . . . . . . . . . . . $ 1,827,086SPECIALTY RETAIL – 0.9%500,000 M Video . . . . . . . . . . . . . . . . . . . . . 3,964,250WIRELESSTELECOMMUNICATIONSERVICES – 7.2%150,000 MegaFon* . . . . . . . . . . . . . . . . . . . 4,629,0001,200,000 Mobile Telesystems . . . . . . . . . . . . 10,618,560200,000 Mobile Telesystems (ADR)† . . . . . 4,137,400250,000 Mobile Telesystems (GDR) Reg S . 5,171,750384,800 Sistema JSFC* . . . . . . . . . . . . . . . . 328,604400,000 Sistema JSFC (GDR) Reg S . . . . . 7,628,00032,513,314Total Common Stocks(cost $228,726,259) . . . . . . . . . . . 280,521,274PREFERRED STOCKS – 3.7%DIVERSIFIEDTELECOMMUNICATIONSERVICES – 0.9%1,600,000 Rostelecom(cost $5,151,597) . . . . . . . . . . . . . 4,254,080OIL, GAS & CONSUMABLEFUELS – 2.8%1,000 AK Transneft(cost $1,357,710) . . . . . . . . . . . . . 2,013,3995,000,000 Surgutneftegaz(cost $3,097,934) . . . . . . . . . . . . . 3,524,0001,000,000 Surgutneftegaz (ADR)†(cost $4,690,963) . . . . . . . . . . . . . 6,892,60012,429,999Total Preferred Stocks(cost $14,298,204) . . . . . . . . . . . . 16,684,079Total Investments in Russia(cost $243,024,463) . . . . . . . . . . . 297,205,353The accompanying notes are an integral part of the financial statements.13