-----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, TAP8EqamVfwLGKRTX49t1VYSPrAqEMpgr2qAk4rdW0TltOGErrwK6JCDWHcTxBT+ nr8VaCP+/rdnXCkYQT/+oQ== 0000088053-08-000163.txt : 20080225 0000088053-08-000163.hdr.sgml : 20080225 20080225113512 ACCESSION NUMBER: 0000088053-08-000163 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: 08638611 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 S000005731 DWS Small Cap Growth Fund C000015737 Class A SSDAX C000015739 Class B SSDBX C000015740 Class C SSDCX C000015742 Class S SSDSX C000015743 Institutional Class SSDIX N-Q 1 nq123107af_scg.htm N-Q FILING - DWS SMALL 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 Small Cap Growth Fund

 

 

Shares

 

Value ($)

 

Common Stocks 97.4%

 

Consumer Discretionary 19.6%

 

Hotels Restaurants & Leisure 8.7%

 

Buffalo Wild Wings, Inc.* (a)

 

306,780

 

7,123,432

Chipotle Mexican Grill, Inc. "A"* (a)

 

58,830

 

8,652,128

Einstein Noah Restaurant Group, Inc.*

 

166,800

 

3,027,420

Orient-Express Hotels Ltd. "A"

 

219,110

 

12,603,207

 

31,406,187

Specialty Retail 9.4%

 

bebe stores, inc. (a)

 

446,460

 

5,741,475

Cabela's, Inc.* (a)

 

242,900

 

3,660,503

Citi Trends, Inc.* (a)

 

198,400

 

3,063,296

 

 

 

 

Guess?, Inc.

 

436,200

 

16,527,618

Zumiez, Inc.* (a)

 

192,500

 

4,689,300

 

33,682,192

Textiles, Apparel & Luxury Goods 1.5%

 

Volcom, Inc.* (a)

 

247,100

 

5,443,613

Consumer Staples 2.1%

 

Personal Products

American Oriental Bioengineering, Inc.* (a)

 

691,100

 

7,657,388

Energy 11.2%

 

Energy Equipment & Services 6.0%

 

Atwood Oceanics, Inc.* (a)

 

166,600

 

16,699,984

Dril-Quip, Inc.*

 

89,900

 

5,003,834

 

21,703,818

Oil, Gas & Consumable Fuels 5.2%

 

Carrizo Oil & Gas, Inc.* (a)

 

251,340

 

13,760,865

EXCO Resources, Inc.*

 

328,010

 

5,077,595

 

18,838,460

Financials 7.5%

 

Capital Markets 3.8%

 

FCStone Group, Inc.* (a)

 

129,300

 

5,951,679

Waddell & Reed Financial, Inc. "A"

 

216,100

 

7,799,049

 

13,750,728

Diversified Financial Services 2.0%

 

Portfolio Recovery Associates, Inc. (a)

 

181,890

 

7,215,576

Insurance 1.7%

 

eHealth, Inc.*

 

192,078

 

6,167,625

Health Care 12.5%

 

Health Care Equipment & Supplies 3.6%

 

Orthofix International NV*

 

136,294

 

7,900,963

West Pharmaceutical Services, Inc.

 

125,890

 

5,109,875

 

13,010,838

Health Care Providers & Services 7.0%

 

inVentiv Health, Inc.*

 

243,110

 

7,526,686

Nighthawk Radiology Holdings, Inc.* (a)

 

356,140

 

7,496,747

Providence Service Corp.* (a)

 

356,770

 

10,039,508

 

25,062,941

Life Sciences Tools & Services 1.9%

 

Kendle International, Inc.* (a)

 

139,300

 

6,814,556

Industrials 14.8%

 

Aerospace & Defense 4.0%

 

BE Aerospace, Inc.*

 

272,140

 

14,396,206

Commercial Services & Supplies 6.4%

 

EnergySolutions*

 

70,200

 

1,894,698

Fuel Tech, Inc.* (a)

 

224,900

 

5,093,985

Hill International, Inc.*

 

423,500

 

6,000,995

Huron Consulting Group, Inc.* (a)

 

123,400

 

9,949,742

 

22,939,420

Construction & Engineering 0.9%

 

Aecom Technology Corp.*

 

114,500

 

3,271,265

 

 

 

 

Electrical Equipment 1.8%

 

Baldor Electric Co.

 

164,800

 

5,547,168

Orion Energy Systems, Inc.*

 

59,900

 

1,117,734

 

6,664,902

Machinery 1.7%

 

Astec Industries, Inc.*

 

160,443

 

5,966,875

Information Technology 28.2%

 

Communications Equipment 2.0%

 

Foundry Networks, Inc.*

 

415,100

 

7,272,552

Electronic Equipment & Instruments 3.9%

 

Itron, Inc.* (a)

 

145,670

 

13,979,950

Internet Software & Services 4.3%

 

Bankrate, Inc.* (a)

 

163,600

 

7,867,524

LoopNet, Inc.* (a)

 

533,500

 

7,495,675

 

15,363,199

IT Services 3.7%

 

CyberSource Corp.* (a)

 

475,300

 

8,446,081

Forrester Research, Inc.*

 

173,700

 

4,867,074

 

13,313,155

Semiconductors & Semiconductor Equipment 9.4%

 

Atheros Communications*

 

226,000

 

6,902,040

FormFactor, Inc.*

 

290,410

 

9,612,571

Netlogic Microsystems, Inc.* (a)

 

132,900

 

4,279,380

Standard Microsystems Corp.*

 

161,800

 

6,321,526

Tessera Technologies, Inc.*

 

166,100

 

6,909,760

 

34,025,277

Software 4.9%

 

Blackboard, Inc.* (a)

 

174,100

 

7,007,525

Informatica Corp.*

 

223,000

 

4,018,460

THQ, Inc.*

 

242,920

 

6,847,915

 

17,873,900

Materials 1.5%

 

Metals & Mining

Brush Engineered Materials, Inc.*

 

87,900

 

3,254,058

Haynes International, Inc.*

 

32,500

 

2,258,750

 

5,512,808

Total Common Stocks (Cost $291,558,706)

 

351,333,431

 

Securities Lending Collateral 34.4%

 

Daily Assets Fund Institutional, 5.03% (b) (c)
(Cost $123,988,294)

 

 

123,988,294

 

123,988,294

 

Cash Equivalents 3.9%

 

Cash Management QP Trust, 4.67% (b)
(Cost $14,191,838)

 

 

14,191,838

 

14,191,838

 

 

 

 

 

% of
Net Assets

 

Value ($)

Total Investment Portfolio (Cost $429,738,838)

135.7

 

489,513,563

Other Assets and Liabilities, Net

(35.7)

 

(128,808,985)

Net Assets

100.0

 

360,704,578

 

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 $120,793,383 which is 33.5% 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 Small 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 Small 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 Small 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 Small 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 Small 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 Small 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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