Investment Portfolio | as of November 30, 2021 (Unaudited) |
DWS Equity Sector Strategy
Fund
Shares | Value ($) | ||
Common Stocks 98.8% | |||
Communication Services 11.0% | |||
Diversified Telecommunication Services 1.2% | |||
AT&T, Inc. | 19,904 | 454,408 | |
Lumen Technologies, Inc. | 2,719 | 33,552 | |
Verizon Communications, Inc. | 11,624 | 584,339 | |
1,072,299 | |||
Entertainment 2.0% | |||
Activision Blizzard, Inc. | 2,077 | 121,712 | |
Electronic Arts, Inc. | 732 | 90,929 | |
Live Nation Entertainment, Inc.* | 354 | 37,754 | |
Netflix, Inc.* | 1,155 | 741,395 | |
Take-Two Interactive Software, Inc.* | 308 | 51,091 | |
Walt Disney Co.* | 5,227 | 757,392 | |
1,800,273 | |||
Interactive Media & Services 6.6% | |||
Alphabet, Inc. "A"* | 712 | 2,020,620 | |
Alphabet, Inc. "C"* | 665 | 1,894,612 | |
Match Group, Inc.* | 663 | 86,183 | |
Meta Platforms, Inc. "A"* | 5,633 | 1,827,683 | |
Twitter, Inc.* | 1,906 | 83,750 | |
5,912,848 | |||
Media 1.2% | |||
Charter Communications, Inc. "A"* | 370 | 239,124 | |
Comcast Corp. "A" | 13,370 | 668,233 | |
Fox Corp. "A" | 926 | 33,067 | |
Interpublic Group of Companies, Inc. | 1,135 | 37,671 | |
Omnicom Group, Inc. | 624 | 42,001 | |
ViacomCBS, Inc. "B" | 1,747 | 54,070 | |
1,074,166 | |||
Consumer Discretionary 10.9% | |||
Auto Components 0.2% | |||
Aptiv PLC* | 1,050 | 168,367 | |
BorgWarner, Inc. | 918 | 39,731 | |
208,098 | |||
Hotels, Restaurants & Leisure 2.2% | |||
Booking Holdings, Inc.* | 121 | 254,324 | |
Caesars Entertainment, Inc.* | 600 | 54,042 | |
Carnival Corp.* | 2,327 | 41,002 | |
Chipotle Mexican Grill, Inc.* | 81 | 133,116 | |
Darden Restaurants, Inc. | 374 | 51,593 | |
Domino's Pizza, Inc. | 105 | 55,035 | |
Hilton Worldwide Holdings, Inc.* | 809 | 109,272 | |
Las Vegas Sands Corp.* | 994 | 35,406 | |
Marriott International, Inc. "A"* | 801 | 118,196 | |
McDonald's Corp. | 2,174 | 531,760 | |
MGM Resorts International | 1,162 | 45,992 |
Norwegian Cruise Line Holdings Ltd.* | 1,082 | 21,110 | |
Royal Caribbean Cruises Ltd.* | 660 | 46,081 | |
Starbucks Corp. | 3,469 | 380,341 | |
Wynn Resorts Ltd.* | 294 | 23,817 | |
Yum! Brands, Inc. | 860 | 105,642 | |
2,006,729 | |||
Household Durables 1.0% | |||
D.R. Horton, Inc. | 1,894 | 185,044 | |
Garmin Ltd. | 899 | 120,052 | |
Leggett & Platt, Inc. | 789 | 31,868 | |
Lennar Corp. "A" | 1,596 | 167,660 | |
Mohawk Industries, Inc.* | 330 | 55,397 | |
Newell Brands, Inc. | 2,232 | 47,921 | |
NVR, Inc.* | 20 | 104,507 | |
PulteGroup, Inc. | 1,516 | 75,846 | |
Whirlpool Corp. | 360 | 78,386 | |
866,681 | |||
Internet & Direct Marketing Retail 3.7% | |||
Amazon.com, Inc.* | 868 | 3,044,137 | |
eBay, Inc. | 1,280 | 86,349 | |
Etsy, Inc.* | 248 | 68,096 | |
Expedia Group, Inc.* | 424 | 68,302 | |
3,266,884 | |||
Multiline Retail 0.5% | |||
Dollar General Corp. | 540 | 119,502 | |
Dollar Tree, Inc.* | 533 | 71,331 | |
Target Corp. | 1,133 | 276,271 | |
467,104 | |||
Specialty Retail 2.5% | |||
Advance Auto Parts, Inc. | 152 | 33,549 | |
AutoZone, Inc.* | 51 | 92,671 | |
Bath & Body Works, Inc. | 616 | 46,280 | |
Best Buy Co., Inc. | 527 | 56,315 | |
CarMax, Inc.* | 388 | 54,805 | |
Home Depot, Inc. | 2,519 | 1,009,137 | |
Lowe's Companies, Inc. | 1,672 | 408,954 | |
O'Reilly Automotive, Inc.* | 162 | 103,382 | |
Ross Stores, Inc. | 867 | 94,581 | |
TJX Companies, Inc. | 2,849 | 197,721 | |
Tractor Supply Co. | 269 | 60,614 | |
Ulta Beauty, Inc.* | 129 | 49,529 | |
2,207,538 | |||
Textiles, Apparel & Luxury Goods 0.8% | |||
NIKE, Inc. "B" | 3,665 | 620,265 | |
Tapestry, Inc. | 738 | 29,609 | |
VF Corp. | 924 | 66,278 | |
716,152 | |||
Consumer Staples 6.0% | |||
Beverages 1.7% | |||
Brown-Forman Corp. "B" | 563 | 39,613 | |
Coca-Cola Co. | 12,012 | 630,029 | |
Constellation Brands, Inc. "A" | 518 | 116,721 |
Monster Beverage Corp.* | 1,154 | 96,682 | |
PepsiCo, Inc. | 4,303 | 687,533 | |
1,570,578 | |||
Food & Staples Retailing 1.6% | |||
Costco Wholesale Corp. | 1,186 | 639,705 | |
Kroger Co. | 1,866 | 77,495 | |
Sysco Corp. | 1,398 | 97,916 | |
Walgreens Boots Alliance, Inc. | 1,914 | 85,747 | |
Walmart, Inc. | 3,867 | 543,816 | |
1,444,679 | |||
Household Products 1.9% | |||
Church & Dwight Co., Inc. | 743 | 66,409 | |
Clorox Co. | 368 | 59,929 | |
Colgate-Palmolive Co. | 2,551 | 191,376 | |
Estee Lauder Companies, Inc. "A" | 538 | 178,654 | |
Kimberly-Clark Corp. | 1,022 | 133,177 | |
Procter & Gamble Co. | 7,297 | 1,055,000 | |
1,684,545 | |||
Tobacco 0.8% | |||
Altria Group, Inc. | 6,008 | 256,181 | |
Philip Morris International, Inc. | 5,088 | 437,263 | |
693,444 | |||
Energy 0.3% | |||
Energy Equipment & Services | |||
Baker Hughes Co. | 2,723 | 63,555 | |
Halliburton Co. | 2,958 | 63,863 | |
Schlumberger NV | 4,617 | 132,416 | |
259,834 | |||
Financials 11.8% | |||
Banks 5.1% | |||
Bank of America Corp. | 20,872 | 928,178 | |
Citigroup, Inc. | 5,674 | 361,434 | |
Citizens Financial Group, Inc. | 1,188 | 56,157 | |
Comerica, Inc. | 375 | 30,949 | |
Fifth Third Bancorp. | 1,936 | 81,602 | |
First Republic Bank | 501 | 105,040 | |
Huntington Bancshares, Inc. | 4,122 | 61,170 | |
JPMorgan Chase & Co. | 8,435 | 1,339,731 | |
KeyCorp. | 2,683 | 60,207 | |
M&T Bank Corp. | 361 | 52,926 | |
PNC Financial Services Group, Inc. | 1,201 | 236,597 | |
Regions Financial Corp. | 2,680 | 60,970 | |
SVB Financial Group* | 166 | 114,927 | |
Truist Financial Corp. | 3,794 | 225,022 | |
U.S. Bancorp. | 3,801 | 210,347 | |
Wells Fargo & Co. | 11,575 | 553,053 | |
Zions Bancorp. NA | 452 | 28,512 | |
4,506,822 | |||
Capital Markets 3.0% | |||
Ameriprise Financial, Inc. | 262 | 75,875 | |
Bank of New York Mellon Corp. | 1,834 | 100,485 | |
BlackRock, Inc. | 331 | 299,426 | |
Cboe Global Markets, Inc. | 248 | 31,977 |
Charles Schwab Corp. | 3,444 | 266,531 | |
CME Group, Inc. | 838 | 184,796 | |
Intercontinental Exchange, Inc. | 1,315 | 171,897 | |
MarketAxess Holdings, Inc. | 90 | 31,742 | |
Moody's Corp. | 380 | 148,443 | |
Morgan Stanley | 3,386 | 321,061 | |
MSCI, Inc. | 192 | 120,854 | |
Nasdaq, Inc. | 274 | 55,685 | |
Northern Trust Corp. | 479 | 55,420 | |
Raymond James Financial, Inc. | 422 | 41,478 | |
S&P Global, Inc. | 563 | 256,576 | |
State Street Corp. | 849 | 75,536 | |
T. Rowe Price Group, Inc. | 527 | 105,374 | |
The Goldman Sachs Group, Inc. | 779 | 296,791 | |
2,639,947 | |||
Diversified Financial Services 1.3% | |||
Berkshire Hathaway, Inc. "B"* | 4,261 | 1,178,976 | |
Insurance 2.4% | |||
Aflac, Inc. | 1,919 | 103,895 | |
Allstate Corp. | 926 | 100,675 | |
American International Group, Inc. | 2,654 | 139,600 | |
Aon PLC "A" | 708 | 209,405 | |
Arthur J. Gallagher & Co. | 640 | 104,256 | |
Assurant, Inc. | 181 | 27,530 | |
Brown & Brown, Inc. | 730 | 47,019 | |
Chubb Ltd. | 1,366 | 245,156 | |
Cincinnati Financial Corp. | 471 | 53,647 | |
Everest Re Group Ltd. | 124 | 31,791 | |
Hartford Financial Services Group, Inc. | 1,070 | 70,727 | |
Lincoln National Corp. | 546 | 36,216 | |
Loews Corp. | 632 | 33,787 | |
Marsh & McLennan Companies, Inc. | 1,585 | 259,972 | |
MetLife, Inc. | 2,234 | 131,046 | |
Principal Financial Group, Inc. | 772 | 52,944 | |
Progressive Corp. | 1,815 | 168,686 | |
Prudential Financial, Inc. | 1,191 | 121,792 | |
Travelers Companies, Inc. | 773 | 113,592 | |
W.R. Berkley Corp. | 434 | 33,262 | |
Willis Towers Watson PLC | 403 | 91,014 | |
2,176,012 | |||
Health Care 17.3% | |||
Biotechnology 2.8% | |||
AbbVie, Inc. | 6,495 | 748,744 | |
Amgen, Inc. | 2,101 | 417,847 | |
Biogen, Inc.* | 549 | 129,421 | |
Gilead Sciences, Inc. | 4,605 | 317,423 | |
Incyte Corp.* | 696 | 47,133 | |
Moderna, Inc.* | 1,323 | 466,265 | |
Regeneron Pharmaceuticals, Inc.* | 386 | 245,700 | |
Vertex Pharmaceuticals, Inc.* | 962 | 179,836 | |
2,552,369 | |||
Health Care Equipment & Supplies 4.4% | |||
Abbott Laboratories | 5,133 | 645,577 | |
ABIOMED, Inc.* | 132 | 41,551 | |
Align Technology, Inc.* | 214 | 130,867 |
Baxter International, Inc. | 1,453 | 108,350 | |
Becton, Dickinson & Co. | 842 | 199,672 | |
Bio-Techne Corp. | 108 | 50,979 | |
Boston Scientific Corp.* | 4,176 | 158,980 | |
Danaher Corp. | 1,756 | 564,800 | |
DENTSPLY SIRONA, Inc. | 645 | 31,437 | |
DexCom, Inc.* | 277 | 155,837 | |
Edwards Lifesciences Corp.* | 1,841 | 197,558 | |
Hologic, Inc.* | 724 | 54,105 | |
IDEXX Laboratories, Inc.* | 250 | 152,018 | |
Intuitive Surgical, Inc.* | 1,051 | 340,881 | |
Medtronic PLC | 3,986 | 425,306 | |
ResMed, Inc. | 429 | 109,331 | |
STERIS PLC | 292 | 63,811 | |
Stryker Corp. | 1,001 | 236,867 | |
Teleflex, Inc. | 140 | 41,639 | |
The Cooper Companies, Inc. | 150 | 56,471 | |
West Pharmaceutical Services, Inc. | 205 | 90,745 | |
Zimmer Biomet Holdings, Inc. | 618 | 73,913 | |
3,930,695 | |||
Health Care Providers & Services 3.4% | |||
AmerisourceBergen Corp. | 465 | 53,824 | |
Anthem, Inc. | 747 | 303,454 | |
Cardinal Health, Inc. | 893 | 41,283 | |
Centene Corp.* | 1,782 | 127,252 | |
Cigna Corp. | 1,040 | 199,576 | |
CVS Health Corp. | 4,002 | 356,418 | |
HCA Healthcare, Inc. | 759 | 171,223 | |
Henry Schein, Inc.* | 431 | 30,627 | |
Humana, Inc. | 400 | 167,884 | |
Laboratory Corp. of America Holdings* | 297 | 84,743 | |
McKesson Corp. | 469 | 101,660 | |
Quest Diagnostics, Inc. | 373 | 55,458 | |
UnitedHealth Group, Inc. | 2,904 | 1,290,015 | |
Universal Health Services, Inc. "B" | 230 | 27,308 | |
3,010,725 | |||
Health Care Technology 0.1% | |||
Cerner Corp. | 1,894 | 133,432 | |
Life Sciences Tools & Services 1.6% | |||
Agilent Technologies, Inc. | 844 | 127,360 | |
Bio-Rad Laboratories, Inc. "A"* | 59 | 44,439 | |
Charles River Laboratories International, Inc.* | 139 | 50,856 | |
Illumina, Inc.* | 405 | 147,959 | |
IQVIA Holdings, Inc.* | 533 | 138,116 | |
Mettler-Toledo International, Inc.* | 65 | 98,418 | |
PerkinElmer, Inc. | 305 | 55,559 | |
Thermo Fisher Scientific, Inc. | 1,087 | 687,886 | |
Waters Corp.* | 171 | 56,100 | |
1,406,693 | |||
Pharmaceuticals 5.0% | |||
Bristol-Myers Squibb Co. | 7,234 | 387,959 | |
Catalent, Inc.* | 553 | 71,149 | |
Eli Lilly & Co. | 2,590 | 642,424 | |
Johnson & Johnson | 8,624 | 1,344,740 | |
Merck & Co., Inc. | 8,234 | 616,809 | |
Organon & Co. | 889 | 25,986 |
Pfizer, Inc. | 17,937 | 963,755 | |
Viatris, Inc. | 3,919 | 48,243 | |
Zoetis, Inc. | 1,545 | 343,052 | |
4,444,117 | |||
Industrials 6.7% | |||
Aerospace & Defense 1.9% | |||
Boeing Co.* | 1,765 | 349,205 | |
General Dynamics Corp. | 752 | 142,106 | |
Howmet Aerospace, Inc. | 1,226 | 34,487 | |
L3Harris Technologies, Inc. | 655 | 136,947 | |
Lockheed Martin Corp. | 798 | 265,989 | |
Northrop Grumman Corp. | 487 | 169,866 | |
Raytheon Technologies Corp. | 4,899 | 396,427 | |
Teledyne Technologies, Inc.* | 143 | 59,387 | |
Textron, Inc. | 715 | 50,622 | |
TransDigm Group, Inc.* | 173 | 100,003 | |
1,705,039 | |||
Airlines 0.4% | |||
Alaska Air Group, Inc.* | 519 | 25,208 | |
American Airlines Group, Inc.* | 2,714 | 48,011 | |
Delta Air Lines, Inc.* | 2,663 | 96,401 | |
Southwest Airlines Co.* | 2,469 | 109,623 | |
United Airlines Holdings, Inc.* | 1,356 | 57,304 | |
336,547 | |||
Electrical Equipment 0.9% | |||
AMETEK, Inc. | 991 | 135,271 | |
Eaton Corp. PLC | 1,726 | 279,716 | |
Emerson Electric Co. | 2,565 | 225,310 | |
Generac Holdings, Inc.* | 268 | 112,892 | |
753,189 | |||
Industrial Conglomerates 1.2% | |||
3M Co. | 1,642 | 279,206 | |
General Electric Co. | 3,092 | 293,709 | |
Honeywell International, Inc. | 1,963 | 396,997 | |
Roper Technologies, Inc. | 301 | 139,709 | |
1,109,621 | |||
Machinery 1.9% | |||
Caterpillar, Inc. | 1,433 | 277,071 | |
Cummins, Inc. | 384 | 80,544 | |
Deere & Co. | 747 | 258,118 | |
Dover Corp. | 387 | 63,410 | |
Fortive Corp. | 965 | 71,285 | |
IDEX Corp. | 205 | 46,041 | |
Illinois Tool Works, Inc. | 766 | 177,827 | |
Ingersoll Rand, Inc. | 1,086 | 63,357 | |
Otis Worldwide Corp. | 1,141 | 91,736 | |
PACCAR, Inc. | 914 | 76,246 | |
Parker-Hannifin Corp. | 343 | 103,607 | |
Pentair PLC | 438 | 32,276 | |
Rockwell Automation, Inc. | 505 | 169,781 | |
Snap-on, Inc. | 144 | 29,651 | |
Stanley Black & Decker, Inc. | 432 | 75,496 | |
Westinghouse Air Brake Technologies Corp. | 504 | 44,740 | |
Xylem, Inc. | 481 | 58,254 | |
1,719,440 |
Road & Rail 0.4% | |||
CSX Corp. | 2,645 | 91,676 | |
Norfolk Southern Corp. | 295 | 78,254 | |
Old Dominion Freight Line, Inc. | 110 | 39,069 | |
Union Pacific Corp. | 764 | 180,029 | |
389,028 | |||
Information Technology 29.1% | |||
Electronic Equipment, Instruments & Components 0.8% | |||
Amphenol Corp. "A" | 1,819 | 146,575 | |
CDW Corp. | 415 | 78,584 | |
Corning, Inc. | 2,297 | 85,196 | |
Keysight Technologies, Inc.* | 556 | 108,131 | |
TE Connectivity Ltd. | 995 | 153,160 | |
Trimble, Inc.* | 764 | 65,605 | |
Zebra Technologies Corp. "A"* | 162 | 95,382 | |
732,633 | |||
IT Services 4.6% | |||
Accenture PLC "A" | 1,626 | 581,132 | |
Akamai Technologies, Inc.* | 420 | 47,334 | |
Automatic Data Processing, Inc. | 1,091 | 251,901 | |
Broadridge Financial Solutions, Inc. | 301 | 50,740 | |
Cognizant Technology Solutions Corp. "A" | 1,352 | 105,429 | |
Fidelity National Information Services, Inc. | 1,604 | 167,618 | |
Fiserv, Inc.* | 1,538 | 148,448 | |
FleetCor Technologies, Inc.* | 215 | 44,533 | |
Gartner, Inc.* | 217 | 67,758 | |
Global Payments, Inc. | 781 | 92,970 | |
International Business Machines Corp. | 2,290 | 268,159 | |
Jack Henry & Associates, Inc. | 191 | 28,961 | |
MasterCard, Inc. "A" | 2,250 | 708,570 | |
Paychex, Inc. | 820 | 97,744 | |
PayPal Holdings, Inc.* | 3,045 | 562,990 | |
VeriSign, Inc.* | 248 | 59,498 | |
Visa, Inc. "A" | 4,435 | 859,370 | |
4,143,155 | |||
Semiconductors & Semiconductor Equipment 6.5% | |||
Advanced Micro Devices, Inc.* | 2,722 | 431,083 | |
Analog Devices, Inc. | 1,225 | 220,806 | |
Applied Materials, Inc. | 2,056 | 302,623 | |
Broadcom, Inc. | 933 | 516,583 | |
Enphase Energy, Inc.* | 288 | 72,000 | |
Intel Corp. | 9,295 | 457,314 | |
KLA Corp. | 344 | 140,397 | |
Lam Research Corp. | 321 | 218,232 | |
Microchip Technology, Inc. | 1,221 | 101,868 | |
Micron Technology, Inc. | 2,548 | 214,032 | |
Monolithic Power Systems, Inc. | 97 | 53,686 | |
NVIDIA Corp. | 5,585 | 1,824,955 | |
NXP Semiconductors NV | 585 | 130,666 | |
Qorvo, Inc.* | 250 | 36,557 | |
QUALCOMM, Inc. | 2,509 | 453,025 | |
Skyworks Solutions, Inc. | 377 | 57,176 | |
Teradyne, Inc. | 373 | 57,020 |
Texas Instruments, Inc. | 2,111 | 406,093 | |
Xilinx, Inc. | 548 | 125,191 | |
5,819,307 | |||
Software 10.1% | |||
Adobe, Inc.* | 1,123 | 752,242 | |
ANSYS, Inc.* | 206 | 80,645 | |
Autodesk, Inc.* | 510 | 129,637 | |
Cadence Design Systems, Inc.* | 650 | 115,349 | |
Ceridian HCM Holding, Inc.* | 316 | 34,570 | |
Fortinet, Inc.* | 317 | 105,279 | |
Intuit, Inc. | 638 | 416,167 | |
Microsoft Corp. | 17,597 | 5,817,392 | |
NortonLifeLock, Inc. | 1,370 | 34,045 | |
Oracle Corp. | 3,858 | 350,075 | |
Paycom Software, Inc.* | 115 | 50,310 | |
PTC, Inc.* | 247 | 27,066 | |
salesforce.com, Inc.* | 2,244 | 639,450 | |
ServiceNow, Inc.* | 465 | 301,181 | |
Synopsys, Inc.* | 355 | 121,055 | |
Tyler Technologies, Inc.* | 96 | 49,822 | |
9,024,285 | |||
Technology Hardware, Storage & Peripherals 7.1% | |||
Apple, Inc. | 36,531 | 6,038,573 | |
Hewlett Packard Enterprise Co. | 3,007 | 43,150 | |
HP, Inc. | 2,767 | 97,620 | |
NetApp, Inc. | 520 | 46,218 | |
Seagate Technology Holdings PLC | 473 | 48,563 | |
Western Digital Corp.* | 693 | 40,083 | |
6,314,207 | |||
Real Estate 2.7% | |||
Equity Real Estate Investment Trusts (REITs) 2.5% | |||
Alexandria Real Estate Equities, Inc. | 324 | 64,823 | |
American Tower Corp. | 1,068 | 280,329 | |
AvalonBay Communities, Inc. | 323 | 77,155 | |
Boston Properties, Inc. | 327 | 35,264 | |
Crown Castle International Corp. | 1,005 | 182,558 | |
Digital Realty Trust, Inc. | 662 | 111,044 | |
Duke Realty Corp. | 870 | 50,747 | |
Equinix, Inc. | 209 | 169,750 | |
Equity Residential | 793 | 67,651 | |
Essex Property Trust, Inc. | 150 | 50,916 | |
Extra Space Storage, Inc. | 311 | 62,200 | |
Healthpeak Properties, Inc. | 1,262 | 41,469 | |
Host Hotels & Resorts, Inc.* | 1,688 | 26,502 | |
Iron Mountain, Inc. | 669 | 30,399 | |
Kimco Realty Corp. | 1,411 | 31,635 | |
Mid-America Apartment Communities, Inc. | 270 | 55,687 | |
Orion Office REIT, Inc.* | 126 | 2,239 | |
Prologis, Inc. | 1,719 | 259,139 | |
Public Storage | 354 | 115,892 | |
Realty Income Corp. | 1,263 | 85,783 | |
Regency Centers Corp. | 350 | 24,269 | |
SBA Communications Corp. | 257 | 88,356 | |
Simon Property Group, Inc. | 756 | 115,547 | |
UDR, Inc. | 649 | 36,818 | |
Ventas, Inc. | 917 | 43,026 |
Welltower, Inc. | 987 | 78,585 | |
Weyerhaeuser Co. | 1,730 | 65,065 | |
2,252,848 | |||
Real Estate Management & Development 0.2% | |||
CBRE Group, Inc. "A"* | 1,200 | 114,684 | |
Utilities 3.0% | |||
Electric Utilities 1.9% | |||
Alliant Energy Corp. | 753 | 41,257 | |
American Electric Power Co., Inc. | 1,507 | 122,142 | |
Duke Energy Corp. | 2,317 | 224,772 | |
Edison International | 1,138 | 74,289 | |
Entergy Corp. | 594 | 59,602 | |
Evergy, Inc. | 691 | 43,740 | |
Eversource Energy | 1,030 | 84,738 | |
Exelon Corp. | 2,925 | 154,235 | |
FirstEnergy Corp. | 1,638 | 61,687 | |
NextEra Energy, Inc. | 5,846 | 507,316 | |
PPL Corp. | 2,298 | 63,953 | |
Southern Co. | 3,186 | 194,665 | |
Xcel Energy, Inc. | 1,626 | 103,625 | |
1,736,021 | |||
Independent Power & Renewable Electricity Producers 0.1% | |||
AES Corp. | 2,610 | 61,022 | |
Multi-Utilities 1.0% | |||
Ameren Corp. | 887 | 72,370 | |
CenterPoint Energy, Inc. | 2,001 | 51,846 | |
CMS Energy Corp. | 993 | 58,438 | |
Consolidated Edison, Inc. | 1,217 | 94,488 | |
Dominion Energy, Inc. | 2,773 | 197,438 | |
DTE Energy Co. | 662 | 71,721 | |
Public Service Enterprise Group, Inc. | 1,730 | 108,108 | |
Sempra Energy | 1,102 | 132,097 | |
WEC Energy Group, Inc. | 1,081 | 93,971 | |
880,477 | |||
Total Common Stocks (Cost $87,319,805) | 88,323,143 | ||
Exchange-Traded Funds 0.3% | |||
Energy Select Sector SPDR Fund (Cost $248,586) | 4,541 | 247,893 | |
Cash Equivalents 0.9% | |||
DWS Central Cash Management Government Fund, 0.04% (a) (Cost $794,289) | 794,289 | 794,289 |
% of Net Assets | Value ($) | ||
Total Investment Portfolio (Cost $88,362,680) | 100.0 | 89,365,325 | |
Other Assets and Liabilities, Net | 0.0 | 19,316 | |
Net Assets | 100.0 | 89,384,641 |
For information on the
Fund's policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements.
A summary of the
Fund’s transactions with affiliated investments during the period ended November 30, 2021 are as follows:
Value ($) at 8/31/2021 | Purchases Cost ($) | Sales Proceeds ($) | Net Realized Gain/ (Loss) ($) | Net Change in Unrealized Appreciation (Depreciation) ($) | Income ($) | Capital Gain Distributions ($) | Number of Shares at 11/30/2021 | Value ($) at 11/30/2021 |
Cash Equivalents 0.9% | ||||||||
DWS Central Cash Management Government Fund, 0.04% (a) | ||||||||
2,778,020 | 311,910 | 2,295,641 | — | — | 157 | — | 794,289 | 794,289 |
* | Non-income producing security. |
(a) | Affiliated fund managed by DWS Investment Management Americas, Inc. The rate shown is the annualized seven-day yield at period end. |
SPDR: Standard & Poor's Depositary Receipt |
Fair Value Measurements
Various inputs are used in
determining the value of the Fund’s investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant
observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds and credit risk). Level 3 includes significant unobservable inputs (including the Fund’s own assumptions in
determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.
The following is a summary
of the inputs used as of November 30, 2021 in valuing the Fund's investments.
Assets | Level 1 | Level 2 | Level 3 | Total |
Common Stocks (a) | $88,323,143 | $— | $— | $88,323,143 |
Exchange-Traded Funds | 247,893 | — | — | 247,893 |
Short-Term Investments | 794,289 | — | — | 794,289 |
Total | $89,365,325 | $— | $— | $89,365,325 |
(a) | See Investment Portfolio for additional detailed categorizations. |
OBTAIN AN OPEN-END FUND
PROSPECTUS
To obtain a summary prospectus, if
available, or prospectus, download one from fundsus.dws.com, talk to your financial representative or call (800) 728-3337. We advise you to carefully consider the product's objectives, risks, charges and expenses
before investing. The summary prospectus and prospectus contain this and other important information about the investment product. Please read the prospectus carefully before you invest.
CLOSED-END FUNDS
Closed-end funds, unlike open-end funds,
are not continuously offered. There is a one time public offering and once issued, shares of closed-end funds are sold in the open market through a stock exchange. Shares of closed-end funds frequently trade at a
discount to net asset value. The price of the fund’s shares is determined by a number of factors, several of which are beyond the control of the fund. Therefore, the fund cannot predict whether its shares will
trade at, below or above net asset value.
The brand DWS represents
DWS Group GmbH & Co. KGaA and any of its subsidiaries such as DWS Distributors, Inc. which offers investment products or DWS Investment Management Americas Inc. and RREEF America L.L.C. which offer advisory
services.
NO BANK GUARANTEE | NOT
FDIC INSURED | MAY LOSE VALUE
DESSF-PH1
R-080548-1 (1/23)