Investment Portfolioas of May 31, 2023 (Unaudited)
DWS Equity Sector Strategy Fund
Shares | Value ($) | ||
Common Stocks 85.2% | |||
Communication Services 10.5% | |||
Diversified Telecommunication Services 1.2% | |||
AT&T, Inc. | 22,539 | 354,539 | |
Lumen Technologies, Inc. | 2,984 | 5,908 | |
Verizon Communications, Inc. | 13,444 | 479,010 | |
839,457 | |||
Entertainment 2.4% | |||
Activision Blizzard, Inc.* | 1,392 | 111,639 | |
Electronic Arts, Inc. | 1,095 | 140,160 | |
Live Nation Entertainment, Inc.* | 515 | 41,169 | |
Netflix, Inc.* | 1,632 | 645,015 | |
Take-Two Interactive Software, Inc.* | 577 | 79,470 | |
Walt Disney Co.* | 6,829 | 600,679 | |
Warner Bros Discovery, Inc.* | 8,089 | 91,244 | |
1,709,376 | |||
Interactive Media & Services 6.0% | |||
Alphabet, Inc. "A"* | 12,304 | 1,511,792 | |
Alphabet, Inc. "C"* | 11,314 | 1,395,808 | |
Match Group, Inc.* | 1,205 | 41,573 | |
Meta Platforms, Inc. "A"* | 5,239 | 1,386,868 | |
4,336,041 | |||
Media 0.7% | |||
Charter Communications, Inc. "A"* | 214 | 69,796 | |
Comcast Corp. "A" | 8,212 | 323,142 | |
Fox Corp. "A" | 1,117 | 34,851 | |
Interpublic Group of Companies, Inc. | 616 | 22,909 | |
Omnicom Group, Inc. | 343 | 30,249 | |
Paramount Global "B" | 1,420 | 21,598 | |
502,545 | |||
Wireless Telecommunication Services 0.2% | |||
T-Mobile U.S., Inc.* | 1,275 | 174,994 | |
Consumer Discretionary 5.7% | |||
Automobile Components 0.5% | |||
Aptiv PLC* | 2,768 | 243,805 | |
BorgWarner, Inc. | 2,559 | 113,441 | |
357,246 | |||
Broadline Retail 2.0% | |||
Amazon.com, Inc.* | 12,088 | 1,457,571 | |
Hotels, Restaurants & Leisure 1.7% | |||
Booking Holdings, Inc.* | 65 | 163,070 | |
Chipotle Mexican Grill, Inc.* | 43 | 89,289 | |
Darden Restaurants, Inc. | 340 | 53,897 | |
Domino's Pizza, Inc. | 200 | 57,970 | |
Expedia Group, Inc.* | 400 | 38,284 | |
Hilton Worldwide Holdings, Inc. | 590 | 80,311 |
Marriott International, Inc. "A" | 571 | 95,808 | |
McDonald's Corp. | 1,346 | 383,758 | |
Starbucks Corp. | 2,348 | 229,259 | |
Yum! Brands, Inc. | 627 | 80,688 | |
1,272,334 | |||
Specialty Retail 1.5% | |||
AutoZone, Inc.* | 36 | 85,926 | |
Home Depot, Inc. | 1,869 | 529,768 | |
Lowe's Companies, Inc. | 629 | 126,511 | |
O'Reilly Automotive, Inc.* | 102 | 92,138 | |
Ross Stores, Inc. | 750 | 77,715 | |
TJX Companies, Inc. | 800 | 61,432 | |
Tractor Supply Co. | 200 | 41,918 | |
Ulta Beauty, Inc.* | 120 | 49,180 | |
1,064,588 | |||
Consumer Staples 5.7% | |||
Beverages 2.0% | |||
Coca-Cola Co. | 9,284 | 553,883 | |
Constellation Brands, Inc. "A" | 370 | 89,899 | |
Keurig Dr Pepper, Inc. | 1,766 | 54,958 | |
Molson Coors Beverage Co. "B" | 665 | 41,130 | |
Monster Beverage Corp.* | 1,773 | 103,933 | |
PepsiCo, Inc. | 3,271 | 596,467 | |
1,440,270 | |||
Consumer Staples Distribution & Retail 1.9% | |||
Costco Wholesale Corp. | 935 | 478,309 | |
Dollar General Corp. | 300 | 60,327 | |
Dollar Tree, Inc.* | 200 | 26,976 | |
Kroger Co. | 1,635 | 74,114 | |
Sysco Corp. | 1,201 | 84,010 | |
Target Corp. | 1,200 | 157,116 | |
Walgreens Boots Alliance, Inc. | 1,670 | 50,718 | |
Walmart, Inc. | 2,994 | 439,729 | |
1,371,299 | |||
Household Products 1.2% | |||
Church & Dwight Co., Inc. | 452 | 41,787 | |
Clorox Co. | 244 | 38,596 | |
Colgate-Palmolive Co. | 1,570 | 116,777 | |
Kimberly-Clark Corp. | 635 | 85,268 | |
Procter & Gamble Co. | 4,392 | 625,860 | |
908,288 | |||
Personal Products 0.1% | |||
Estee Lauder Companies, Inc. "A" | 516 | 94,959 | |
Tobacco 0.5% | |||
Altria Group, Inc. | 2,583 | 114,737 | |
Philip Morris International, Inc. | 2,498 | 224,845 | |
339,582 | |||
Energy 1.2% | |||
Energy Equipment & Services | |||
Baker Hughes Co. | 6,934 | 188,952 |
Halliburton Co. | 6,693 | 191,754 | |
Schlumberger NV | 10,597 | 453,870 | |
834,576 | |||
Financials 11.8% | |||
Banks 5.2% | |||
Bank of America Corp. | 27,265 | 757,694 | |
Citigroup, Inc. | 7,306 | 323,802 | |
Fifth Third Bancorp. | 1,179 | 28,614 | |
JPMorgan Chase & Co. | 11,031 | 1,497,017 | |
M&T Bank Corp. | 618 | 73,641 | |
PNC Financial Services Group, Inc. | 1,381 | 159,961 | |
Regions Financial Corp. | 3,172 | 54,781 | |
Truist Financial Corp. | 5,575 | 169,870 | |
U.S. Bancorp. | 5,640 | 168,636 | |
Wells Fargo & Co. | 13,153 | 523,621 | |
3,757,637 | |||
Financial Services 3.8% | |||
Berkshire Hathaway, Inc. "B"* | 3,311 | 1,063,096 | |
Fidelity National Information Services, Inc. | 1,185 | 64,665 | |
Fiserv, Inc.* | 1,147 | 128,682 | |
FleetCor Technologies, Inc.* | 96 | 21,749 | |
Global Payments, Inc. | 439 | 42,886 | |
Jack Henry & Associates, Inc. | 180 | 27,520 | |
Mastercard, Inc. "A" | 1,550 | 565,781 | |
PayPal Holdings, Inc.* | 2,333 | 144,623 | |
Visa, Inc. "A" | 3,000 | 663,090 | |
2,722,092 | |||
Insurance 2.8% | |||
Aflac, Inc. | 1,670 | 107,231 | |
Allstate Corp. | 769 | 83,398 | |
American International Group, Inc. | 2,250 | 118,867 | |
Aon PLC "A" | 588 | 181,275 | |
Arch Capital Group Ltd.* | 700 | 48,790 | |
Arthur J. Gallagher & Co. | 585 | 117,193 | |
Assurant, Inc. | 158 | 18,958 | |
Brown & Brown, Inc. | 624 | 38,894 | |
Chubb Ltd. | 1,209 | 224,632 | |
Cincinnati Financial Corp. | 430 | 41,495 | |
Everest Re Group Ltd. | 111 | 37,742 | |
Globe Life, Inc. | 244 | 25,176 | |
Hartford Financial Services Group, Inc. | 950 | 65,094 | |
Lincoln National Corp. | 466 | 9,749 | |
Loews Corp. | 537 | 30,072 | |
Marsh & McLennan Companies, Inc. | 1,378 | 238,642 | |
MetLife, Inc. | 1,930 | 95,632 | |
Principal Financial Group, Inc. | 654 | 42,811 | |
Progressive Corp. | 1,648 | 210,796 | |
Prudential Financial, Inc. | 1,043 | 82,074 | |
Travelers Companies, Inc. | 660 | 111,698 | |
W.R. Berkley Corp. | 560 | 31,181 | |
Willis Towers Watson PLC | 304 | 66,530 | |
2,027,930 |
Health Care 16.5% | |||
Biotechnology 3.0% | |||
AbbVie, Inc. | 5,270 | 727,049 | |
Amgen, Inc. | 1,617 | 356,791 | |
Biogen, Inc.* | 444 | 131,606 | |
Gilead Sciences, Inc. | 3,819 | 293,834 | |
Incyte Corp.* | 552 | 33,975 | |
Moderna, Inc.* | 1,014 | 129,498 | |
Regeneron Pharmaceuticals, Inc.* | 321 | 236,115 | |
Vertex Pharmaceuticals, Inc.* | 710 | 229,735 | |
2,138,603 | |||
Health Care Equipment & Supplies 3.7% | |||
Abbott Laboratories | 4,972 | 507,144 | |
Align Technology, Inc.* | 197 | 55,684 | |
Baxter International, Inc. | 1,426 | 58,067 | |
Becton, Dickinson & Co. | 789 | 190,749 | |
Boston Scientific Corp.* | 4,059 | 208,957 | |
DexCom, Inc.* | 1,060 | 124,296 | |
Edwards Lifesciences Corp.* | 1,712 | 144,202 | |
GE HealthCare Technologies, Inc. | 1,148 | 91,277 | |
Hologic, Inc.* | 696 | 54,907 | |
IDEXX Laboratories, Inc.* | 227 | 105,503 | |
Intuitive Surgical, Inc.* | 1,011 | 311,226 | |
Medtronic PLC | 3,866 | 319,950 | |
ResMed, Inc. | 412 | 86,845 | |
STERIS PLC | 275 | 54,992 | |
Stryker Corp. | 907 | 249,951 | |
Teleflex, Inc. | 120 | 28,170 | |
The Cooper Companies, Inc. | 135 | 50,157 | |
Zimmer Biomet Holdings, Inc. | 569 | 72,456 | |
2,714,533 | |||
Health Care Providers & Services 3.1% | |||
AmerisourceBergen Corp. | 300 | 51,045 | |
Cardinal Health, Inc. | 537 | 44,195 | |
Centene Corp.* | 1,173 | 73,207 | |
Cigna Group | 728 | 180,114 | |
CVS Health Corp. | 2,973 | 202,253 | |
Elevance Health, Inc. | 486 | 217,641 | |
HCA Healthcare, Inc. | 454 | 119,942 | |
Humana, Inc. | 255 | 127,977 | |
Laboratory Corp. of America Holdings | 183 | 38,893 | |
McKesson Corp. | 287 | 112,171 | |
Molina Healthcare, Inc.* | 109 | 29,855 | |
Quest Diagnostics, Inc. | 228 | 30,244 | |
UnitedHealth Group, Inc. | 2,040 | 993,970 | |
2,221,507 | |||
Life Sciences Tools & Services 0.8% | |||
Agilent Technologies, Inc. | 508 | 58,761 | |
Danaher Corp. | 798 | 183,237 | |
IQVIA Holdings, Inc.* | 319 | 62,814 | |
Thermo Fisher Scientific, Inc. | 542 | 275,585 | |
580,397 | |||
Pharmaceuticals 5.9% | |||
Bristol-Myers Squibb Co. | 6,199 | 399,464 | |
Catalent, Inc.* | 549 | 20,439 |
Eli Lilly & Co. | 2,248 | 965,426 | |
Johnson & Johnson | 7,612 | 1,180,317 | |
Merck & Co., Inc. | 7,219 | 797,050 | |
Organon & Co. | 766 | 14,853 | |
Pfizer, Inc. | 16,078 | 611,286 | |
Viatris, Inc. | 3,363 | 30,771 | |
Zoetis, Inc. | 1,354 | 220,715 | |
4,240,321 | |||
Industrials 7.8% | |||
Aerospace & Defense 2.8% | |||
Boeing Co.* | 1,932 | 397,412 | |
General Dynamics Corp. | 800 | 163,344 | |
Howmet Aerospace, Inc. | 1,318 | 56,345 | |
Huntington Ingalls Industries, Inc. | 150 | 30,207 | |
L3Harris Technologies, Inc. | 679 | 119,450 | |
Lockheed Martin Corp. | 841 | 373,412 | |
Northrop Grumman Corp. | 517 | 225,148 | |
Raytheon Technologies Corp. | 5,229 | 481,800 | |
Textron, Inc. | 718 | 44,423 | |
TransDigm Group, Inc. | 185 | 143,125 | |
2,034,666 | |||
Electrical Equipment 0.9% | |||
AMETEK, Inc. | 813 | 117,942 | |
Eaton Corp. PLC | 1,407 | 247,491 | |
Emerson Electric Co. | 2,092 | 162,507 | |
Generac Holdings, Inc.* | 223 | 24,289 | |
Rockwell Automation, Inc. | 419 | 116,733 | |
668,962 | |||
Ground Transportation 1.5% | |||
CSX Corp. | 9,069 | 278,146 | |
J.B. Hunt Transport Services, Inc. | 304 | 50,759 | |
Norfolk Southern Corp. | 989 | 205,890 | |
Old Dominion Freight Line, Inc. | 320 | 99,341 | |
Union Pacific Corp. | 2,470 | 475,525 | |
1,109,661 | |||
Industrial Conglomerates 0.8% | |||
3M Co. | 1,052 | 98,162 | |
General Electric Co. | 1,986 | 201,639 | |
Honeywell International, Inc. | 1,274 | 244,098 | |
543,899 | |||
Machinery 0.6% | |||
Caterpillar, Inc. | 803 | 165,217 | |
Deere & Co. | 421 | 145,658 | |
Illinois Tool Works, Inc. | 380 | 83,117 | |
Otis Worldwide Corp. | 300 | 23,853 | |
Parker-Hannifin Corp. | 100 | 32,044 | |
449,889 | |||
Passenger Airlines 0.8% | |||
Alaska Air Group, Inc.* | 1,264 | 56,791 | |
American Airlines Group, Inc.* | 7,314 | 108,101 | |
Delta Air Lines, Inc.* | 4,408 | 160,143 | |
Southwest Airlines Co. | 3,311 | 98,900 | |
United Airlines Holdings, Inc.* | 2,742 | 130,149 | |
554,084 |
Professional Services 0.4% | |||
Automatic Data Processing, Inc. | 961 | 200,840 | |
Paychex, Inc. | 738 | 77,438 | |
278,278 | |||
Information Technology 20.0% | |||
Communications Equipment 1.6% | |||
Arista Networks, Inc.* | 838 | 139,393 | |
Cisco Systems, Inc. | 15,781 | 783,842 | |
F5, Inc.* | 207 | 30,549 | |
Juniper Networks, Inc. | 1,558 | 47,317 | |
Motorola Solutions, Inc. | 652 | 183,812 | |
1,184,913 | |||
IT Services 1.2% | |||
Accenture PLC "A" | 1,275 | 390,048 | |
Akamai Technologies, Inc.* | 400 | 36,848 | |
Cognizant Technology Solutions Corp. "A" | 1,047 | 65,427 | |
EPAM Systems, Inc.* | 141 | 36,183 | |
Gartner, Inc.* | 194 | 66,515 | |
International Business Machines Corp. | 2,002 | 257,437 | |
VeriSign, Inc.* | 225 | 50,247 | |
902,705 | |||
Semiconductors & Semiconductor Equipment 2.6% | |||
Advanced Micro Devices, Inc.* | 1,298 | 153,437 | |
Analog Devices, Inc. | 426 | 75,696 | |
Applied Materials, Inc. | 707 | 94,243 | |
Broadcom, Inc. | 327 | 264,203 | |
Intel Corp. | 3,252 | 102,243 | |
KLA Corp. | 149 | 66,005 | |
Lam Research Corp. | 136 | 83,871 | |
Microchip Technology, Inc. | 521 | 39,210 | |
Micron Technology, Inc. | 891 | 60,766 | |
NVIDIA Corp. | 1,691 | 639,773 | |
NXP Semiconductors NV | 258 | 46,208 | |
ON Semiconductor Corp.* | 403 | 33,691 | |
QUALCOMM, Inc. | 911 | 103,316 | |
Texas Instruments, Inc. | 720 | 125,194 | |
1,887,856 | |||
Software 8.6% | |||
Adobe, Inc.* | 876 | 365,984 | |
ANSYS, Inc.* | 167 | 54,040 | |
Autodesk, Inc.* | 509 | 101,489 | |
Cadence Design Systems, Inc.* | 493 | 113,839 | |
Fortinet, Inc.* | 1,222 | 83,499 | |
Intuit, Inc. | 514 | 215,428 | |
Microsoft Corp. | 12,598 | 4,137,057 | |
Oracle Corp. | 2,585 | 273,855 | |
Roper Technologies, Inc. | 249 | 113,101 | |
Salesforce, Inc.* | 1,644 | 367,237 | |
ServiceNow, Inc.* | 398 | 216,822 | |
Synopsys, Inc.* | 318 | 144,677 | |
6,187,028 | |||
Technology Hardware, Storage & Peripherals 6.0% | |||
Apple, Inc. | 23,869 | 4,230,780 |
Hewlett Packard Enterprise Co. | 2,243 | 32,344 | |
HP, Inc. | 1,642 | 47,717 | |
4,310,841 | |||
Materials 1.5% | |||
Chemicals 1.0% | |||
Air Products & Chemicals, Inc. | 303 | 81,549 | |
Albemarle Corp. | 367 | 71,026 | |
Corteva, Inc. | 1,561 | 83,498 | |
Dow, Inc. | 662 | 32,292 | |
DuPont de Nemours, Inc. | 1,000 | 67,190 | |
Ecolab, Inc. | 618 | 102,001 | |
International Flavors & Fragrances, Inc. | 400 | 30,916 | |
Linde PLC | 475 | 167,989 | |
PPG Industries, Inc. | 446 | 58,555 | |
Sherwin-Williams Co. | 227 | 51,706 | |
The Mosaic Co. | 800 | 25,568 | |
772,290 | |||
Metals & Mining 0.5% | |||
Freeport-McMoRan, Inc. | 6,300 | 216,342 | |
Newmont Corp. | 3,026 | 122,704 | |
339,046 | |||
Real Estate 1.5% | |||
Retail REITs 0.2% | |||
Realty Income Corp. | 1,102 | 65,503 | |
Simon Property Group, Inc. | 625 | 65,718 | |
131,221 | |||
Specialized REITs 1.3% | |||
American Tower Corp. | 1,192 | 219,852 | |
Crown Castle, Inc. | 1,136 | 128,607 | |
Digital Realty Trust, Inc. | 760 | 77,870 | |
Equinix, Inc. | 236 | 175,950 | |
Extra Space Storage, Inc. | 312 | 45,012 | |
Iron Mountain, Inc. | 685 | 36,593 | |
Public Storage | 362 | 102,555 | |
SBA Communications Corp. | 249 | 55,223 | |
VICI Properties, Inc. | 2,257 | 69,809 | |
Weyerhaeuser Co. | 1,678 | 48,091 | |
959,562 | |||
Utilities 3.0% | |||
Electric Utilities 2.1% | |||
Alliant Energy Corp. | 641 | 32,986 | |
American Electric Power Co., Inc. | 1,305 | 108,472 | |
Constellation Energy Corp. | 853 | 71,669 | |
Duke Energy Corp. | 1,948 | 173,937 | |
Edison International | 961 | 64,887 | |
Entergy Corp. | 507 | 49,787 | |
Evergy, Inc. | 577 | 33,379 | |
Eversource Energy | 878 | 60,784 | |
Exelon Corp. | 2,500 | 99,125 | |
FirstEnergy Corp. | 1,451 | 54,253 | |
NextEra Energy, Inc. | 4,979 | 365,757 | |
NRG Energy, Inc. | 602 | 20,341 |
PG&E Corp.* | 3,500 | 59,290 | |
Pinnacle West Capital Corp. | 250 | 19,320 | |
PPL Corp. | 1,878 | 49,204 | |
Southern Co. | 2,709 | 188,953 | |
Xcel Energy, Inc. | 1,323 | 86,379 | |
1,538,523 | |||
Gas Utilities 0.1% | |||
Atmos Energy Corp. | 571 | 65,825 | |
Independent Power & Renewable Electricity Producers 0.1% | |||
AES Corp. | 2,369 | 46,764 | |
Multi-Utilities 0.7% | |||
Ameren Corp. | 507 | 41,102 | |
CenterPoint Energy, Inc. | 1,254 | 35,375 | |
CMS Energy Corp. | 579 | 33,570 | |
Consolidated Edison, Inc. | 703 | 65,590 | |
Dominion Energy, Inc. | 1,622 | 81,554 | |
DTE Energy Co. | 385 | 41,426 | |
NiSource, Inc. | 804 | 21,620 | |
Public Service Enterprise Group, Inc. | 994 | 59,392 | |
Sempra Energy | 600 | 86,118 | |
WEC Energy Group, Inc. | 603 | 52,672 | |
518,419 | |||
Total Common Stocks (Cost $62,770,928) | 61,590,578 | ||
Exchange-Traded Funds 4.3% | |||
Energy Select Sector SPDR Fund | 37,000 | 2,833,830 | |
Materials Select Sector SPDR Fund | 4,000 | 300,080 | |
Total Exchange-Traded Funds (Cost $2,982,772) | 3,133,910 | ||
Cash Equivalents 11.4% | |||
DWS Central Cash Management Government Fund, 5.13% (a) (Cost $8,242,101) | 8,242,101 | 8,242,101 |
% of Net Assets | Value ($) | ||
Total Investment Portfolio (Cost $73,995,801) | 100.9 | 72,966,589 | |
Other Assets and Liabilities, Net | (0.9 ) | (642,610 ) | |
Net Assets | 100.0 | 72,323,979 |
For information on the Fund's policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements.
A summary of the Fund’s transactions with affiliated investments during the period ended May 31, 2023 are as follows:
Value ($) at 8/31/2022 | Purchases Cost ($) | Sales Proceeds ($) | Net Realized Gain/ (Loss) ($) | Net Change in Unrealized Appreciation (Depreciation) ($) | Income ($) | Capital Gain Distributions ($) | Number of Shares at 5/31/2023 | Value ($) at 5/31/2023 |
Cash Equivalents 11.4% | ||||||||
DWS Central Cash Management Government Fund, 5.13% (a) | ||||||||
6,900,694 | 25,346,136 | 24,004,729 | — | — | 225,419 | — | 8,242,101 | 8,242,101 |
* | 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. |
REIT: Real Estate Investment Trust |
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 May 31, 2023 in valuing the Fund's investments.
Assets | Level 1 | Level 2 | Level 3 | Total |
Common Stocks (a) | $61,590,578 | $— | $— | $61,590,578 |
Exchange-Traded Funds | 3,133,910 | — | — | 3,133,910 |
Short-Term Investments | 8,242,101 | — | — | 8,242,101 |
Total | $72,966,589 | $— | $— | $72,966,589 |
(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-PH3
R-080548-2 (1/25)