-----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, Vt0BOxuzaS5C5PWnLmOMLEm1h+V2n9jwc37eXlYKdzKy1bEY55V/hJaYnbSTnWa/ kScM0gBRi5+NdY+NykWLlg== 0000088053-05-001167.txt : 20050927 0000088053-05-001167.hdr.sgml : 20050927 20050927124557 ACCESSION NUMBER: 0000088053-05-001167 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050731 FILED AS OF DATE: 20050927 DATE AS OF CHANGE: 20050927 EFFECTIVENESS DATE: 20050927 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SCUDDER BLUE CHIP FUND CENTRAL INDEX KEY: 0000823342 IRS NUMBER: 363542349 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-05357 FILM NUMBER: 051104721 BUSINESS ADDRESS: STREET 1: 222 SOUTH RIVERSIDE PLAZA CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3125371569 MAIL ADDRESS: STREET 1: 222 SOUTH RIVERSIDE PLAZA CITY: CHICAGO STATE: IL ZIP: 60606 FORMER COMPANY: FORMER CONFORMED NAME: KEMPER BLUE CHIP FUND DATE OF NAME CHANGE: 19920703 N-Q 1 nq073105bcf.txt 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 811-5357 Scudder Blue Chip Fund ---------------------- (Exact name of registrant as specified in charter) 222 South Riverside Plaza Chicago, IL 60606 (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: 7/31/05 -------- Form N-Q is to be used by registered management investment companies, other than small business investment companies registered on Form N-5 (ss.ss. 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. ss. 3507. ITEM 1. SCHEDULE OF INVESTMENTS
Scudder Blue Chip Fund Investment Portfolio as of July 31, 2005 (Unaudited) - --------------------------------------------------------------------------------------------------------------------------- Shares Value ($) -------------------------------------------------- Common Stocks 97.6% Consumer Discretionary 14.5% Auto Components 0.8% American Axle & Manufacturing Holdings, Inc. 68,100 1,876,155 Autoliv, Inc. 78,800 3,510,540 ----------- 5,386,695 Hotels Restaurants & Leisure 2.4% Darden Restaurants, Inc. 134,900 4,681,030 McDonald's Corp. 334,300 10,420,131 Regal Entertainment Group "A" (c) 35,400 683,574 ----------- 15,784,735 Household Durables 0.9% American Greetings Corp. "A" 37,300 948,912 D.R. Horton, Inc. 122,200 5,019,976 ----------- 5,968,888 Internet & Catalog Retail 0.1% eBay, Inc.* 23,100 965,118 ----------- Media 3.7% Cablevision Systems Corp. (New York Group) "A"* 158,300 4,902,551 Comcast Corp. "A"* 180,400 5,543,692 Discovery Holding Co. "A"* 7,480 106,739 John Wiley & Sons, Inc. "A" 15,300 655,605 Liberty Global, Inc. "A"* 48,926 2,321,026 Liberty Media Corp. "A"* 74,800 657,492 Walt Disney Co. 388,200 9,953,448 ----------- 24,140,553 Multiline Retail 2.5% Federated Department Stores, Inc. 68,500 5,197,095 Target Corp. 189,900 11,156,625 ----------- 16,353,720 Specialty Retail 3.3% American Eagle Outfitters, Inc. 184,100 6,066,095 Barnes & Noble, Inc.* 91,900 3,769,738 Best Buy Co., Inc. 43,600 3,339,760 Michaels Stores, Inc. 133,300 5,465,300 Urban Outfitters, Inc.* 53,700 3,260,127 ----------- 21,901,020 Textiles, Apparel & Luxury Goods 0.8% NIKE, Inc. "B" 63,000 5,279,400 ----------- Consumer Staples 5.8% Beverages 0.1% PepsiCo, Inc. 10,800 588,924 ----------- Food & Staples Retailing 0.6% 7-Eleven, Inc.* 24,500 829,325 Safeway, Inc. 132,300 3,214,890 ----------- 4,044,215 Food Products 2.5% Pilgrim's Pride Corp. (c) 166,200 6,290,670 The Hershey Co. 138,000 8,814,060 William Wrigley Jr. Co. 18,600 1,323,204 ----------- 16,427,934 Household Products 1.4% Clorox Co. 142,100 7,936,285 Kimberly-Clark Corp. 21,400 1,364,464 ----------- 9,300,749 Tobacco 1.2% Altria Group, Inc. 30,800 2,062,368 Loews Corp. - Carolina Group 151,100 5,882,323 ----------- 7,944,691 Energy 8.8% Oil, Gas & Consumable Fuels Burlington Resources, Inc. 178,900 11,469,279 ConocoPhillips 12,300 769,857 Devon Energy Corp. 99,900 5,603,391 ExxonMobil Corp. 343,886 20,203,303 Marathon Oil Corp. 65,800 3,840,088 Occidental Petroleum Corp. 75,600 6,220,368 Sunoco, Inc. 78,700 9,894,951 XTO Energy, Inc. 1 35 ----------- 58,001,272 Financials 17.9% Banks 5.9% Bank of America Corp. 418,000 18,224,800 Golden West Financial Corp. 38,600 2,513,632 SunTrust Banks, Inc. 50,900 3,701,448 US Bancorp. 214,800 6,456,888 Wachovia Corp. 157,400 7,929,812 ----------- 38,826,580 Capital Markets 1.4% Bear Stearns Companies, Inc. 92,200 9,414,542 ----------- Consumer Finance 0.1% American Express Co. 6,000 330,000 ----------- Diversified Financial Services 3.7% Citigroup, Inc. 106,966 4,653,021 Countrywide Financial Corp. 216,600 7,797,600 Fannie Mae 25,000 1,396,500 Freddie Mac 171,600 10,858,848 ----------- 24,705,969 Insurance 5.1% Allstate Corp. 141,100 8,643,786 American Financial Group, Inc. 15,900 538,056 Commerce Group, Inc. 9,200 573,620 First American Corp. 14,100 619,695 Genworth Financial, Inc. "A" 27,300 856,128 MetLife, Inc. 207,800 10,211,292 Prudential Financial, Inc. 42,200 2,823,180 W.R. Berkley Corp. 243,812 9,125,883 ----------- 33,391,640 Real Estate 1.7% Apartment Investment & Management Co. "A" (REIT) 26,300 1,157,200 Boston Properties, Inc. (REIT) 22,300 1,698,145 Equity Office Properties Trust (REIT) 61,800 2,190,810 Equity Residential (REIT) 52,400 2,116,960 Hospitality Properties Trust (REIT) 20,100 892,440 Liberty Property Trust (REIT) 13,200 592,416 Simon Property Group, Inc. (REIT) 26,300 2,097,162 Vornado Realty Trust (REIT) 5,000 443,200 ----------- 11,188,333 Health Care 14.5% Biotechnology 2.3% Amgen, Inc.* 8,100 645,975 Genzyme Corp.* 101,600 7,560,056 Gilead Sciences, Inc.* 149,100 6,681,171 ----------- 14,887,202 Health Care Equipment & Supplies 1.6% Baxter International, Inc. 94,600 3,714,942 Becton, Dickinson & Co. 100,200 5,548,074 Dade Behring Holdings, Inc. 18,100 1,371,980 ----------- 10,634,996 Health Care Providers & Services 5.3% AmerisourceBergen Corp. 97,500 6,999,525 Community Health Systems, Inc.* 51,200 1,976,832 Coventry Health Care, Inc.* 49,800 3,522,354 HCA, Inc. 182,700 8,997,975 Lincare Holdings, Inc.* 35,900 1,448,206 UnitedHealth Group, Inc. 233,100 12,191,130 ----------- 35,136,022 Pharmaceuticals 5.3% Barr Pharmaceuticals, Inc.* 152,300 7,222,066 Endo Pharmaceuticals Holdings, Inc.* 128,100 3,645,726 Johnson & Johnson 272,350 17,419,506 Merck & Co., Inc. 139,100 4,320,446 Pfizer, Inc. 94,600 2,506,900 ----------- 35,114,644 Industrials 11.4% Aerospace & Defense 3.7% General Dynamics Corp. 42,800 4,930,132 Lockheed Martin Corp. 162,300 10,127,520 Raytheon Co. (c) 244,400 9,612,252 ----------- 24,669,904 Air Freight & Logistics 1.9% Ryder System, Inc. 238,700 9,306,914 United Parcel Service, Inc. "B" 39,600 2,889,612 ----------- 12,196,526 Airlines 0.2% Southwest Airlines Co. 104,000 1,475,760 ----------- Commercial Services & Supplies 1.3% Cendant Corp. 402,200 8,590,992 ----------- Industrial Conglomerates 4.3% 3M Co. 11,000 825,000 General Electric Co. 799,900 27,596,550 ----------- 28,421,550 Information Technology 14.7% Communications Equipment 1.5% Cisco Systems, Inc.* 499,900 9,573,085 ----------- Computers & Peripherals 4.9% Apple Computer, Inc.* 167,500 7,143,875 Dell, Inc.* 310,700 12,574,029 EMC Corp.* 435,900 5,967,471 Network Appliance, Inc.* 158,300 4,038,233 Western Digital Corp.* 190,000 2,848,100 ----------- 32,571,708 Internet Software & Services 0.8% Google, Inc. "A"* 8,100 2,330,856 Yahoo!, Inc.* 88,800 2,960,592 ----------- 5,291,448 IT Consulting & Services 1.7% Alliance Data Systems Corp.* 81,000 3,448,170 Computer Sciences Corp.* 145,700 6,670,146 Global Payments, Inc. 19,900 1,318,176 ----------- 11,436,492 Semiconductors & Semiconductor Equipment 3.3% Advanced Micro Devices, Inc.* 186,200 3,738,896 Intel Corp. 532,200 14,443,908 MEMC Electronic Materials, Inc.* 27,300 463,827 Texas Instruments, Inc. 102,000 3,239,520 ----------- 21,886,151 Software 2.5% Autodesk, Inc. 161,000 5,504,590 Citrix Systems, Inc.* 169,100 4,029,653 Microsoft Corp. 195,400 5,004,194 Symantec Corp.* 86,400 1,898,208 ----------- 16,436,645 Materials 3.1% Chemicals 0.3% Air Products & Chemicals, Inc. 34,100 2,037,816 ----------- Construction Materials 0.2% Martin Marietta Materials, Inc. 18,200 1,322,958 ----------- Containers & Packaging 0.1% Owens-Illinois, Inc.* 24,700 633,555 ----------- Metals & Mining 2.5% Nucor Corp. 57,800 3,205,010 Phelps Dodge Corp. 62,900 6,695,705 Southern Peru Copper Corp. (c) 130,500 6,681,600 ----------- 16,582,315 Telecommunication Services 3.8% Diversified Telecommunication Services 1.7% Verizon Communications, Inc. 328,400 11,241,132 ----------- Wireless Telecommunication Services 2.1% Nextel Communications, Inc. "A"* 140,800 4,899,840 Nextel Partners, Inc. "A"* 187,700 4,673,730 NII Holdings, Inc.* 53,300 3,967,652 ----------- 13,541,222 Utilities 3.1% Electric Utilities 1.5% Allegheny Energy, Inc.* 33,600 957,600 Edison International 147,200 6,017,536 Exelon Corp. 20,200 1,081,104 PPL Corp. 26,800 1,650,344 Southern Co. 9,100 318,409 ----------- 10,024,993 Independent Power Producers & Energy Traders 1.5% Duke Energy Corp. (c) 325,700 9,621,178 ----------- Multi-Utilities 0.1% Public Service Enterprise Group, Inc. 8,500 546,550 ----------- Total Common Stocks (Cost $579,478,656) 643,819,822 ----------- Principal Amount ($) Value ($) ---------- --------- US Government Backed 0.2% US Treasury Bills, 3.307%**, 10/20/2005 (b) (Cost $1,377,029) 1,387,000 1,377,029 ----------- Shares Value ($) ------ --------- Securities Lending Collateral 2.9% Scudder Daily Assets Fund Institutional, 3.34% (d)(e) (Cost $19,234,380) 19,234,380 19,234,380 ----------- Cash Equivalents 2.5% Scudder Cash Management QP Trust, 3.34% (a) (Cost $16,421,902) 16,421,902 16,421,902 ----------- % of Net Assets Value ($) ---------- --------- Total Investment Portfolio (Cost $616,511,967) 103.2 680,853,133 Other Assets and Liabilities, Net -3.2 -20,858,233 ----------- Net Assets 100.0 659,994,900 ===========
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. ** Annualized yield at time of purchase; not a coupon rate. (a) Scudder Cash Management QP Trust is managed by Deutsche Investment Management Americas Inc. The rate shown is the annualized seven-day yield at period end. (b) At July 31, 2005, this security has been pledged, in whole or in part, to cover initial margin requirements for open futures contracts. (c) All or a portion of these securities were on loan. The value of all securities loaned at July 31, 2005 amounted to $18,794,416, which is 2.8% of net assets. (d) Represents collateral held in connection with securities lending. (e) Scudder Daily Assets Fund Institutional, an affiliated fund, is managed by Deutsche Asset Management, Inc. The rate shown is the annualized seven-day yield at period end. REIT: Real Estate Investment Trust At July 31, 2005, open futures contracts purchased were as follows: Aggregate
Expiration Face Unrealized Futures Date Contracts Value ($) Value($) Appreciation ($) - ----------------------------------------------------------------------------------------- S&P 500 Index 9/15/2005 57 17,293,428 17,624,400 330,972 - -----------------------------------------------------------------------------------------
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: Scudder Blue Chip Fund By: /s/Julian Sluyters ---------------------------- Julian Sluyters Chief Executive Officer Date: September 23, 2005 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: Scudder Blue Chip Fund By: /s/Julian Sluyters ---------------------------- Julian Sluyters Chief Executive Officer Date: September 23, 2005 By: /s/Paul Schubert ---------------------------- Paul Schubert Chief Financial Officer Date: September 23, 2005 EX-99.CERT 2 certifications-bcf.txt CERTIFICATIONS CERTIFICATIONS I, Julian Sluyters, certify that: 1. I have reviewed this report on Form N-Q of Scudder Blue Chip Fund; 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: Scudder Blue Chip Fund By: /s/Julian Sluyters ----------------------------------- Julian Sluyters Chief Executive Officer Date: September 23, 2005 CERTIFICATIONS I, Paul Schubert, certify that: 1. I have reviewed this report on Form N-Q of Scudder Blue Chip Fund; 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: Scudder Blue Chip Fund By: /s/Paul Schubert ----------------------------------- Paul Schubert Chief Financial Officer Date: September 23, 2005 -----END PRIVACY-ENHANCED MESSAGE-----