1.Closed end funds for Central & Eastern Europe and Russia - CEE

Central Europe & Russia Fund CEF (CEE) - Sponsor is DWS Scubber. Major holdings are Gazprom, Lukoil, Unified Energy, Sberbank, Bank Polska, CEZ, Bank Pekao, Erste Bank.

35% coming from energy sector, 24% financial, 12% utilities, 11% material.

Country diversification is following: 57% Russia, 18% Poland, 9% Turkey, 5% Czech Republic, 5% Austria