Notes to Financial Statements (Unaudited)
A. Significant Accounting Policies
DWS RREEF World Real Estate & Tactical Strategies Fund, Inc. (the ``Fund'') is registered under
the Investment Company Act of 1940, as amended (the ``1940 Act''), as a closed-end, non-
diversified management investment company organized as a Maryland corporation. The Fund is
authorized to issue 100,000,000 shares, all of which are currently classified as Common Stock.
The Fund's financial statements are prepared in accordance with accounting principles generally
accepted in the United States of America which require the use of management estimates. Actual
results could differ from those estimates. The policies described below are followed consistently by
the Fund in the preparation of its financial statements.
Security Valuation. Investments are stated at value determined as of the close of regular trading on
the New York Stock Exchange on each day the exchange is open for trading. Equity securities and
closed-end investment companies are valued at the most recent sale price or official closing price
reported on the exchange (US or foreign) or over-the-counter market on which the security is
traded most extensively. Securities for which no sales are reported are valued at the calculated
mean between the most recent bid and asked quotations on the relevant market or, if a mean cannot
be determined, at the most recent bid quotation.
Money market instruments purchased with an original or remaining maturity of sixty days or less,
maturing at par, are valued at amortized cost. Investments in open-end investment companies and
Cash Management QP Trust are valued at their net asset value each business day.
Securities and other assets for which market quotations are not readily available or for which the
above valuation procedures are deemed not to reflect fair value are valued in a manner that is
intended to reflect their fair value as determined in accordance with procedures approved by the
Directors. The Fund may use