-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, T8RmgeFQLhwnKBx4NixbAVMs5yeCNVQ8UKU4L2eI7Yv4VZUgYdw8XNho3RFNbK/8 Hr6aZB/XPbrk/+AOE7z6Qw== 0000088053-06-001242.txt : 20061003 0000088053-06-001242.hdr.sgml : 20061003 20061003162559 ACCESSION NUMBER: 0000088053-06-001242 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060731 FILED AS OF DATE: 20061003 DATE AS OF CHANGE: 20061003 EFFECTIVENESS DATE: 20061003 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DWS ADVISOR FUNDS CENTRAL INDEX KEY: 0000797657 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-04760 FILM NUMBER: 061125056 BUSINESS ADDRESS: STREET 1: ONE SOUTH STREET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 412881401 MAIL ADDRESS: STREET 1: ONE SOUTH STREET STREET 2: XX CITY: BALTIMORE STATE: MD ZIP: 21202 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER ADVISOR FUNDS DATE OF NAME CHANGE: 20030519 FORMER COMPANY: FORMER CONFORMED NAME: BT INVESTMENT FUNDS DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: BT TAX FREE INVESTMENT TRUST DATE OF NAME CHANGE: 19880530 0000797657 S000012428 DWS International Select Equity Fund C000033722 Class A C000033723 Class B C000033724 Class C C000033725 Class R C000033726 Class S C000033727 Institutional Class C000033728 Investment Class C000033729 Premier Class N-Q 1 nq073106af_ise.htm N-Q FILING

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 811-04760

DWS Advisor Funds

(Exact name of registrant as specified in charter)

 

One South Street

Baltimore, MD 21202

(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: 10/31

Date of reporting period: 07/31/06

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 July 31, 2006 (Unaudited)

 

 

DWS International Select Equity Fund

 

 

Shares

 

Value ($)

 

Common Stocks 95.2%

 

Belgium 2.0%

 

Umicore (Cost $5,369,771)

 

40,880

 

5,172,403

Brazil 3.4%

 

Gol-Linhas Aereas Inteligentes SA (ADR) (Preferred) (a)

 

121,800

 

3,900,036

Petroleo Brasileiro SA (ADR)

 

51,600

 

4,741,008

(Cost $6,577,326)

 

8,641,044

Denmark 2.0%

 

Novo Nordisk AS “B” (Cost $5,062,660)

 

80,800

 

4,979,671

Finland 4.6%

 

Fortum Oyj

 

185,000

 

5,014,690

Nokia Oyj

 

176,150

 

3,494,468

Nokian Renkaat Oyj (a)

 

221,750

 

3,064,911

(Cost $9,074,982)

 

11,574,069

France 8.1%

 

Schneider Electric SA

 

51,431

 

5,288,687

Societe Generale

 

56,327

 

8,404,008

Total SA

 

99,903

 

6,795,558

(Cost $14,933,199)

 

20,488,253

Germany 11.1%

 

Bayer AG

 

107,297

 

5,286,451

Commerzbank AG

 

160,180

 

5,614,607

E.ON AG

 

40,846

 

4,924,436

Fresenius Medical Care AG & Co.

 

33,316

 

3,991,928

Hypo Real Estate Holding AG

 

146,504

 

8,148,261

(Cost $19,528,646)

 

27,965,683

Greece 0.6%

 

National Bank of Greece SA (Cost $1,432,497)

 

37,000

 

1,437,765

India 1.1%

 

ICICI Bank Ltd. (ADR) (Cost $2,748,885)

 

107,100

 

2,797,452

Ireland 3.5%

 

Anglo Irish Bank Corp. PLC

 

254,645

 

3,714,739

CRH PLC

 

156,542

 

5,039,163

(Cost $6,385,305)

 

8,753,902

Italy 5.7%

 

Banca Italease

 

124,601

 

5,936,868

Saras SpA Raffinerie Sarde*

 

557,691

 

3,515,667

UniCredito Italiano SpA

 

658,400

 

5,067,268

(Cost $14,008,095)

 

14,519,803

Japan 22.7%

 

AEON Co., Ltd.

 

163,600

 

3,817,262

Canon, Inc.

 

151,450

 

7,278,900

Credit Saison Co., Ltd.

 

105,600

 

4,577,888

Daito Trust Construction Co., Ltd.

 

67,200

 

3,651,760

Makita Corp.

 

119,000

 

3,902,830

Mitsubishi Corp.

 

322,200

 

6,604,475

 

 

 

Mitsubishi UFJ Financial Group, Inc.

 

488

 

6,895,722

Mitsui Fudosan Co., Ltd.

 

241,000

 

5,118,714

Nippon Mining Holdings, Inc.

 

306,000

 

2,589,036

Nishi-Nippon City Bank Ltd.

 

1,015,000

 

4,488,682

Sumitomo Corp.

 

293,000

 

4,150,482

Yamaha Motor Co., Ltd.

 

165,000

 

4,296,088

(Cost $42,488,876)

 

57,371,839

Korea 1.7%

 

Samsung Electronics Co., Ltd. (GDR), 144A (b)

 

8,777

 

2,793,280

Samsung Electronics Co., Ltd. (GDR), 144A (b)

 

4,500

 

1,432,125

(Cost $1,877,455)

 

4,225,405

Luxembourg 0.5%

 

Millicom International Cellular SA* (Cost $1,194,354)

 

34,600

 

1,210,654

Mexico 2.1%

 

Fomento Economico Mexicano SA de CV (ADR) (Cost $4,171,389)

 

60,400

 

5,303,120

Norway 4.2%

 

Aker Kvaerner ASA

 

28,340

 

2,854,951

Norsk Hydro ASA (a)

 

274,450

 

7,803,843

(Cost $9,396,457)

 

10,658,794

Russia 1.8%

 

Novolipetsk Steel (GDR) 144A

 

53,181

 

1,143,391

OAO Gazprom (ADR) (REG S)

 

83,850

 

3,494,868

(Cost $3,221,229)

 

4,638,259

Sweden 1.6%

 

Atlas Copco AB “B” (Cost $4,136,102)

 

170,800

 

4,052,532

Switzerland 2.7%

 

Roche Holding AG (Genusschein) (Cost $2,947,894)

 

38,022

 

6,766,745

Turkey 0.4%

 

Turkcell Iletisim Hizmetleri AS (ADR) (Cost $1,185,464)

 

93,900

 

1,069,521

United Kingdom 15.4%

 

AstraZeneca PLC

 

48,147

 

2,940,092

BHP Billiton PLC

 

130,075

 

2,463,818

GlaxoSmithKline PLC

 

266,338

 

7,368,261

Kensington Group PLC

 

155,044

 

2,563,156

Rio Tinto PLC

 

92,607

 

4,783,169

Rolls-Royce Group PLC*

 

555,857

 

4,576,487

Royal Bank of Scotland Group PLC

 

126,013

 

4,100,533

Standard Life PLC*

 

770,674

 

3,599,047

Tesco PLC

 

378,956

 

2,544,863

Whitbread PLC

 

176,807

 

4,092,113

(Cost $34,204,685)

 

39,031,539

Total Common Stocks (Cost $189,945,271)

 

240,658,453

 

Preferred Stocks 2.9%

 

Germany

 

Fresenius AG

 

22,928

 

3,770,274

Porsche AG

 

3,700

 

3,625,134

Total Preferred Stocks (Cost $6,951,323)

 

7,395,408

 

Securities Lending Collateral 5.0%

 

Daily Assets Fund Institutional, 5.24% (c) (d)
(Cost $12,732,894)

 

 

12,732,894

 

12,732,894

 

Cash Equivalents 1.1%

 

 

 

 

Cash Management QP Trust, 5.3% (e)
(Cost $2,736,911)

 

 

2,736,911

 

2,736,911

 

% of

Net Assets

 

Value ($)

Total Investment Portfolio (Cost $ 212,366,399)

104.2

 

263,523,666

Other Assets and Liabilities, Net

(4.2)

 

(10,637,377)

Net Assets

100.0

 

252,886,289

 

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 July 31, 2006 amounted to $12,151,901 which is 4.8% of net assets.

(b)

Securities with the same description are the same corporate entity but trade on different stock exchanges.

(c)

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.

(d)

Represents collateral held in connection with securities lending.

(e)

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

144A: Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

ADR: American Depositary Receipt

GDR: Global Depositary Receipt

At July 31, 2006, the DWS International Select Equity Fund had the following sector diversification:

 

 

As a % of Total Common

Sector

Market Value ($)

 

and Preferred Stocks

Financials

 

72,464,710

 

29.3

%

Energy

 

31,794,931

 

12.9

%

Health Care

 

29,816,971

 

12.0

%

Industrials

 

28,572,699

 

11.5

%

Materials

 

23,888,395

 

9.6

%

Consumer Discretionary

 

22,632,835

 

9.1

%

Information Technology

 

14,998,773

 

6.0

%

Consumer Staples

 

11,665,245

 

4.7

%

Utilities

 

9,939,126

 

4.0

%

Telecommunication Services

 

2,280,176

 

0.9

%

Total

248,053,861

 

100.0

%

 

 

 

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 International Select Equity Fund, a series of DWS Advisor Funds

 

By:

/s/Michael G. Clark

 

Michael G. Clark

President

 

Date:

September 22, 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 International Select Equity Fund, a series of DWS Advisor Funds

 

By:

/s/Michael G. Clark

 

Michael G. Clark

President

 

Date:

September 22, 2006

 

 

By:

/s/Paul Schubert

 

Paul Schubert

Chief Financial Officer and Treasurer

 

Date:

September 22, 2006

 

 

 

 EX-99.CERT 2 certifications-af_ise.htm CERTIFICATIONS

CERTIFICATIONS

I, Michael G. Clark, certify that:

 

1.

I have reviewed this report on Form N-Q of DWS International Select Equity Fund, a series of DWS Advisor Funds;

 

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.

Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

 

4.

The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

 

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c)

Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

 

(d)

Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

 

5.

The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

 

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

 

 

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

 

Registrant:

DWS International Select Equity Fund, a series of DWS Advisor Funds

 

By:

/s/Michael G. Clark

 

Michael G. Clark

President

 

Date:

September 22, 2006

 

 

CERTIFICATIONS

I, Paul Schubert, certify that:

 

1.

I have reviewed this report on Form N-Q of DWS International Select Equity Fund, a series of DWS Advisor Funds;

 

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.

Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

 

4.

The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

 

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c)

Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

 

(d)

Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

 

5.

The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

 

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are

 

reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

 

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

 

Registrant:

DWS International Select Equity Fund, a series of DWS Advisor Funds

 

By:

/s/Paul Schubert

 

Paul Schubert

Chief Financial Officer and Treasurer

 

Date:                                                  September 22, 2006

 

 

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