N-Q 1 nq123105af_mid.htm N-Q FILING - DWS MID CAP GROWTH FUND

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

_______________________________

Investment Company Act file number

DWS Advisor Funds (formerly Scudder Advisor Funds)

(Exact name of registrant as specified in charter)

 

(Address of principal executive offices)             (Zip code)

 

Paul Schubert

345 Park Avenue

New York, NY 10154

(Name and address of agent for service)

Registrant's telephone number, including area code: (212) 454-7190

Date of fiscal year end: 9/30

Date of reporting period: 12/31/05

Form N-Q is to be used by registered management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

 

ITEM 1. SCHEDULE OF INVESTMENTS

 

 

 

Investment Portfolio                          as of December 31, 2005 (Unaudited)  

 

DWS Mid Cap Growth Fund

(formerly Scudder Mid Cap Growth Fund)

 

 

Shares

 

Value ($)

 

Common Stocks 98.9%

 

Consumer Discretionary 21.5%

 

Hotels Restaurants & Leisure 6.6%

 

P.F. Chang's China Bistro, Inc.* (a)

 

603,800

 

29,966,594

Station Casinos, Inc.

 

404,800

 

27,445,440

The Cheesecake Factory, Inc.*

 

830,850

 

31,065,481

 

88,477,515

Specialty Retail 6.3%

 

Chico's FAS, Inc.*

 

1,047,400

 

46,012,282

Urban Outfitters, Inc.* (a)

 

1,471,800

 

37,251,258

 

83,263,540

Textiles, Apparel & Luxury Goods 8.6%

 

Coach, Inc.*

 

1,183,600

 

39,461,224

Polo Ralph Lauren Corp. (a)

 

833,500

 

46,792,690

Quicksilver, Inc.*

 

2,090,700

 

28,935,288

 

115,189,202

Consumer Staples 3.0%

 

Food & Staples Retailing 0.9%

 

Herbalife Ltd.*

 

381,000

 

12,390,120

Household Products 2.1%

 

Jarden Corp.* (a)

 

925,250

 

27,896,288

Energy 10.8%

 

Energy Equipment & Services 4.7%

 

BJ Services Co.

 

522,900

 

19,174,743

Noble Corp.

 

374,200

 

26,396,068

Rowan Companies, Inc.

 

492,400

 

17,549,136

 

63,119,947

Oil, Gas & Consumable Fuels 6.1%

 

Peabody Energy Corp.

 

508,900

 

41,943,538

Ultra Petroleum Corp.* (a)

 

703,200

 

39,238,560

 

81,182,098

Financials 9.4%

 

Capital Markets 4.9%

 

E*TRADE Financial Corp.*

 

1,837,300

 

38,326,078

Legg Mason, Inc.

 

225,750

 

27,020,017

 

65,346,095

Diversified Financial Services 4.5%

 

Affiliated Managers Group, Inc.* (a)

 

478,600

 

38,407,650

Nuveen Investments "A"

 

500,100

 

21,314,262

 

59,721,912

Health Care 21.9%

 

Biotechnology 3.5%

 

Genzyme Corp.*

 

381,300

 

26,988,414

 

 


 

 

Invitrogen Corp.*

 

287,200

 

19,139,008

 

46,127,422

Health Care Equipment & Supplies 3.8%

 

C.R. Bard, Inc.

 

385,700

 

25,425,344

Fisher Scientific International, Inc.*

 

415,500

 

25,702,830

 

51,128,174

Health Care Providers & Services 11.8%

 

AMERIGROUP Corp.*

 

1,451,200

 

28,240,352

Community Health Systems, Inc.*

 

715,600

 

27,436,104

Coventry Health Care, Inc.*

 

588,400

 

33,515,264

DaVita, Inc.*

 

571,000

 

28,915,440

Omnicare, Inc.

 

700,300

 

40,071,166

 

158,178,326

Pharmaceuticals 2.8%

 

Celgene Corp.* (a)

 

569,400

 

36,897,120

Industrials 10.4%

 

Construction & Engineering 1.1%

 

Chicago Bridge & Iron Co., NV (New York Shares)

 

603,500

 

15,214,235

Electrical Equipment 3.8%

 

Molex, Inc. "A"

 

843,300

 

20,736,747

Roper Industries, Inc.

 

744,600

 

29,419,146

 

50,155,893

Machinery 5.5%

 

Joy Global, Inc.

 

527,100

 

21,084,000

Oshkosh Truck Corp.

 

653,900

 

29,157,401

Terex Corp.*

 

383,400

 

22,773,960

 

73,015,361

Information Technology 20.8%

 

Communications Equipment 2.1%

 

Andrew Corp.*

 

17,400

 

186,702

Comverse Technologies, Inc.*

 

1,045,500

 

27,799,845

 

27,986,547

Computers & Peripherals 1.4%

 

NCR Corp.*

 

558,300

 

18,948,702

Electronic Equipment & Instruments 1.8%

 

Cogent, Inc.*

 

1,076,760

 

24,420,917

Internet Software & Services 1.6%

 

VeriSign, Inc.*

 

955,900

 

20,953,328

IT Consulting & Services 1.0%

 

Cognizant Technology Solutions Corp. "A"*

 

270,700

 

13,629,745

Semiconductors & Semiconductor Equipment 3.9%

 

Broadcom Corp. "A"*

 

565,400

 

26,658,610

Linear Technology Corp.

 

701,600

 

25,306,712

 

51,965,322

Software 9.0%

 

Activision, Inc.*

 

1,929,466

 

26,510,863

Business Objects SA (ADR)*

 

779,000

 

31,479,390

NAVTEQ Corp.*

 

624,100

 

27,379,267

Salesforce.com, Inc.* (a)

 

1,083,900

 

34,738,995

 

120,108,515

 

 


 

 

Telecommunication Services 1.1%

 

Wireless Telecommunication Services

NII Holdings, Inc.*

 

340,600

 

14,877,408

Total Common Stocks (Cost $983,062,927)

 

1,320,193,732

 

Preferred Stock 0.0%

 

Information Technology

 

Software

FusionOne "D"* (e) (Cost $3,750,002)

 

690,608

 

1

 

Securities Lending Collateral 14.5%

 

Daily Asset Fund Institutional, 4.28% (b) (c)
(Cost $193,198,650)

 

 

193,198,650

 

193,198,650

 

Cash Equivalents 1.7%

 

Cash Management QP Trust, 4.26% (d)
(Cost $22,780,009)

 

 

22,780,009

 

22,780,009

 

% of
Net Assets

 

Value ($)

Total Investment Portfolio (Cost $ 1,202,791,588)

115.1

 

1,536,172,392

Other Assets and Liabilities, Net

(15.1)

 

(201,251,807)

Net Assets

100.0

 

1,334,920,585

 

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.

*

Non-income producing security.

(a)

All or a portion of these securities were on loan. The value of all securities loaned at December 31, 2005 amounted to $186,525,064 which is14.0% of net assets.

(b)

Daily Assets Fund Institutional, an affiliated fund, is managed by Deutsche Asset Management, Inc. The rate shown is the annualized seven-day yield at period end.

(c)

Represents collateral held in connection with securities lending.

(d)

Cash Management QP Trust is managed by Deutsche Investment Management Americas Inc. The rate shown is the annualized seven-day yield at period end.

(e)

The Fund may purchase securities that are subject to legal or contractual restrictions on resale ("restricted securities"). Restricted securities are securities which have not been registered with the Securities and Exchange Commission under the Securities Act of 1933. The fund may be unable to sell a restricted security and it may be more difficult to determine a market value for a restricted security. Moreover, if adverse market conditions were to develop during the period between the Fund's decision to sell a restricted security and the point at which the Fund is permitted or able to sell such security, the Fund might obtain a price less favorable than the price that prevailed when it decided to sell. This investment practice, therefore, could have the effect of increasing the level of illiquidity of the Fund. The future value of these securities is uncertain and there may be changes in the estimated value of these securities.

 

 

Restricted Security

Acquisition Date

Acquisition Cost ($)

Value ($)

As a % of
Net Assets

FusionOne “D”

October 2000

3,750,002

1

0.0%

 

ADR: American Depositary Receipt

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Registrant:

DWS Mid Cap Growth Fund, a series of DWS Advisor Funds

 

 

By:

/s/Vincent J. Esposito

 

Vincent J. Esposito

 

President

 

Date:

February 24, 2006

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

Registrant:

DWS Mid Cap Growth Fund, a series of DWS Advisor Funds

 

 

By:

/s/Vincent J. Esposito

 

Vincent J. Esposito

 

President

 

Date:

February 24, 2006

 

 

 

By:

/s/Paul Schubert

 

Paul Schubert

 

Chief Financial Officer and Treasurer

 

Date:                                                 February 24, 2006