-----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, GF6X/ge1z/THcACeYQ/3NQfH4xcHKbyWTIvxSDFNls7WkP8oPdd0uhFoJfYu8atq vB4zEmYRrp3AA4HpRJ4nbQ== 0000088053-08-000162.txt : 20080225 0000088053-08-000162.hdr.sgml : 20080225 20080225113413 ACCESSION NUMBER: 0000088053-08-000162 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20071231 FILED AS OF DATE: 20080225 DATE AS OF CHANGE: 20080225 EFFECTIVENESS DATE: 20080225 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: 08638609 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 S000005729 DWS Mid Cap Growth Fund C000015728 Class A SMCAX C000015730 Class B SMCBX C000015731 Class C SMCCX C000015733 Class S SMCSX C000015734 Institutional Class BTEAX N-Q 1 nq123107af_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 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: 09/30

Date of reporting period: 12/31/07

 

ITEM 1. SCHEDULE OF INVESTMENTS

 

Investment Portfolio

as of December 31, 2007 (Unaudited)

 

 

DWS Mid Cap Growth Fund

 

 

Shares

 

Value ($)

 

Common Stocks 98.9%

 

Consumer Discretionary 13.6%

 

Specialty Retail 11.1%

 

Dick's Sporting Goods, Inc.*

 

726,900

 

20,178,744

Guess?, Inc. (a)

 

783,700

 

29,694,393

Tiffany & Co.

 

332,800

 

15,318,784

Urban Outfitters, Inc.*

 

1,609,700

 

43,880,422

 

109,072,343

Textiles, Apparel & Luxury Goods 2.5%

 

Crocs, Inc.*

 

334,200

 

12,301,902

Phillips-Van Heusen Corp.

 

312,400

 

11,515,064

 

23,816,966

 

 

 

 

Consumer Staples 1.9%

 

Food & Staples Retailing 0.9%

 

Whole Foods Market, Inc. (a)

 

226,300

 

9,233,040

Personal Products 1.0%

 

Herbalife Ltd.

 

235,100

 

9,469,828

Energy 11.4%

 

Energy Equipment & Services 5.2%

 

FMC Technologies, Inc.*

 

270,500

 

15,337,350

National-Oilwell Varco, Inc.*

 

269,900

 

19,826,854

Rowan Companies, Inc.

 

394,500

 

15,566,970

 

50,731,174

Oil, Gas & Consumable Fuels 6.2%

 

Southwestern Energy Co.*

 

547,500

 

30,506,700

Ultra Petroleum Corp.*

 

423,300

 

30,265,950

 

60,772,650

Financials 9.0%

 

Capital Markets

Affiliated Managers Group, Inc.* (a)

 

277,200

 

32,559,912

Eaton Vance Corp.

 

333,800

 

15,157,858

T. Rowe Price Group, Inc.

 

434,600

 

26,458,448

Waddell & Reed Financial, Inc. "A"

 

380,800

 

13,743,072

 

87,919,290

Health Care 11.5%

 

Health Care Equipment & Supplies 2.7%

 

Hologic, Inc.* (a)

 

381,500

 

26,186,160

Health Care Providers & Services 3.1%

 

Pediatrix Medical Group, Inc.*

 

448,900

 

30,592,535

Life Sciences Tools & Services 4.0%

 

Covance, Inc.* (a)

 

249,200

 

21,585,704

Pharmaceutical Product Development, Inc.

 

450,700

 

18,194,759

 

39,780,463

Pharmaceuticals 1.7%

 

Mylan, Inc. (a)

 

1,176,500

 

16,541,590

Industrials 17.5%

 

Aerospace & Defense 2.5%

 

BE Aerospace, Inc.*

 

467,900

 

24,751,910

Commercial Services & Supplies 1.1%

 

Huron Consulting Group, Inc.* (a)

 

132,700

 

10,699,601

Construction & Engineering 0.9%

 

Aecom Technology Corp.*

 

312,400

 

8,925,268

Electrical Equipment 3.4%

 

General Cable Corp.*

 

164,600

 

12,061,888

Roper Industries, Inc.

 

331,700

 

20,744,518

 

32,806,406

Industrial Conglomerates 1.6%

 

McDermott International, Inc.*

 

256,000

 

15,111,680

Machinery 8.0%

 

Harsco Corp.

 

185,700

 

11,897,799

Manitowoc Co., Inc.

 

278,100

 

13,579,623

 

 

 

 

Oshkosh Truck Corp.

 

289,300

 

13,672,318

Terex Corp.*

 

604,800

 

39,656,736

 

78,806,476

Information Technology 26.1%

 

Communications Equipment 4.3%

 

F5 Networks, Inc.*

 

803,400

 

22,912,968

Foundry Networks, Inc.*

 

1,127,400

 

19,752,048

 

42,665,016

Semiconductors & Semiconductor Equipment 15.2%

 

FormFactor, Inc.* (a)

 

310,600

 

10,280,860

Lam Research Corp.*

 

285,200

 

12,329,196

MEMC Electronic Materials, Inc.*

 

858,200

 

75,942,118

NVIDIA Corp.*

 

510,900

 

17,380,818

Tessera Technologies, Inc.*

 

420,800

 

17,505,280

Varian Semiconductor Equipment Associates, Inc.*

 

417,000

 

15,429,000

 

148,867,272

Software 6.6%

 

Activision, Inc.*

 

1,101,100

 

32,702,670

Citrix Systems, Inc.*

 

467,900

 

17,784,879

FactSet Research Systems, Inc.

 

255,100

 

14,209,070

 

64,696,619

Materials 2.9%

 

Metals & Mining

Allegheny Technologies, Inc.

 

110,800

 

9,573,120

Gerdau Ameristeel Corp. (a)

 

1,357,300

 

19,300,806

 

28,873,926

Telecommunication Services 5.0%

 

Wireless Telecommunication Services

NII Holdings, Inc.*

 

541,600

 

26,170,112

SBA Communications Corp. "A"*

 

687,200

 

23,254,848

 

49,424,960

Total Common Stocks (Cost $725,261,300)

 

969,745,173

 

Securities Lending Collateral 7.2%

 

Daily Assets Fund Institutional, 5.03% (b) (c)
(Cost $70,232,400)

 

 

70,232,400

 

70,232,400

 

Cash Equivalents 2.4%

 

Cash Management QP Trust, 4.67% (b)
(Cost $23,612,420)

 

 

23,612,420

 

23,612,420

 

% of
Net Assets

 

Value ($)

Total Investment Portfolio (Cost $819,106,120)

108.5

 

1,063,589,993

Other Assets and Liabilities, Net

(8.5)

 

(83,411,754)

Net Assets

100.0

 

980,178,239

 

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, 2007 amounted to $68,653,457 which is 7.0% of net assets.

 

 

 

 

(b)

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

(c)

Represents collateral held in connection with securities lending. Income earned by the Fund is net of borrower rebates.

 

 

ITEM 2.

CONTROLS AND PROCEDURES

 

 

 

(a)          The Chief Executive and Financial Officers concluded that the Registrant’s Disclosure Controls and Procedures are effective based on the evaluation of the Disclosure Controls and Procedures as of a date within 90 days of the filing date of this report.

 

 

 

(b)         There have been no changes in the registrant’s internal control over financial reporting that occurred during the registrant’s last half-year (the registrant’s second fiscal half-year in the case of the annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal controls over financial reporting.

 

 

ITEM 3.

EXHIBITS

 

 

 

Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.

 

 

 

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/Michael G. Clark

 

Michael G. Clark

President

 

Date:

February 21, 2008

 

 

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/Michael G. Clark

 

Michael G. Clark

President

 

Date:

February 21, 2008

 

 

By:

/s/Paul Schubert

 

Paul Schubert

Chief Financial Officer and Treasurer

 

Date:                                        February 21, 2008

 

 

 EX-99.CERT 2 certifications.htm CERTIFICATIONS

CERTIFICATIONS

I, Michael G. Clark, certify that:

 

1.

I have reviewed this report on Form N-Q of DWS Mid Cap Growth 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 Mid Cap Growth Fund, a series of DWS Advisor Funds

 

By:

/s/Michael G. Clark

 

Michael G. Clark

President

 

Date:

February 21, 2008

 

 

CERTIFICATIONS

I, Paul Schubert, certify that:

 

1.

I have reviewed this report on Form N-Q of DWS Mid Cap Growth 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 Mid Cap Growth Fund, a series of DWS Advisor Funds

 

By:

/s/Paul Schubert

 

Paul Schubert

Chief Financial Officer and Treasurer

 

Date:

February 21, 2008

 

 

 

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