-----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, AyOtiWEfFX+wphBCVE/fMJpoUFN0HfCDGcXg0CI4ZUL8K1hzPGHshF0ctq/o3bkU Y166U/V7ADBUAtYZPGsDPQ== 0000088053-10-001434.txt : 20100928 0000088053-10-001434.hdr.sgml : 20100928 20100928163245 ACCESSION NUMBER: 0000088053-10-001434 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100731 FILED AS OF DATE: 20100928 DATE AS OF CHANGE: 20100928 EFFECTIVENESS DATE: 20100928 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DWS 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: 101094111 BUSINESS ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154-0004 BUSINESS PHONE: 212-454-6778 MAIL ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154-0004 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER BLUE CHIP FUND DATE OF NAME CHANGE: 20010614 FORMER COMPANY: FORMER CONFORMED NAME: KEMPER BLUE CHIP FUND DATE OF NAME CHANGE: 19920703 0000823342 S000005741 DWS Blue Chip Fund C000015761 Class A KBCAX C000015762 Class B KBCBX C000015763 Class C KBCCX C000015764 Class S KBCSX C000015765 Institutional Class KBCIX N-Q 1 nq073110bcf.htm DWS BLUE CHIP FUND nq073110bcf.htm
 

 
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  811-05357
 
DWS Blue Chip Fund
(Exact name of registrant as specified in charter)

345 Park Avenue
New York, NY  10154
(Address of principal executive offices)             (Zip code)
 

Paul Schubert
345 Park Avenue
New York, NY  10154-0004
(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: 7/31/10

ITEM 1.
SCHEDULE OF INVESTMENTS


Investment Portfolio
as of July 31, 2010  (Unaudited)


DWS Blue Chip Fund

 
Shares
  
Value ($)
  
 
 
Common Stocks 99.2%
  
Consumer Discretionary 8.3%
  
Auto Components 0.1%
  
Cooper Tire & Rubber Co. (a)
  
9,400
  
203,134
  
Diversified Consumer Services 0.3%
  
Career Education Corp.* (a)
  
17,100
  
417,753
  
Corinthian Colleges, Inc.* (a)
  
31,400
  
285,740
  
DeVry, Inc.
  
9,900
  
532,620
  
 
 
1,236,113
  
Hotels Restaurants & Leisure 1.1%
  
Starbucks Corp. (a)
  
162,300
  
4,033,155
  
Household Durables 1.1%
  
Garmin Ltd. (a)
  
36,500
  
1,040,615
  
Leggett & Platt, Inc.
  
14,200
  
295,928
  
Whirlpool Corp. (a)
  
32,000
  
2,665,600
  
 
 
4,002,143
  
Internet & Catalog Retail 0.3%
  
Liberty Media Corp. - Interactive "A"*
  
110,800
  
1,254,256
  
Media 2.2%
  
Comcast Corp. "A" (a)
  
202,700
  
3,946,569
  
Liberty Media-Starz "A"*
  
4,900
  
268,961
  
Time Warner, Inc.
  
101,333
  
3,187,936
  
Washington Post Co. "B" (a)
  
1,109
  
466,324
  
 
 
7,869,790
  
Multiline Retail 1.0%
  
Dillard's, Inc. "A" (a)
  
65,100
  
1,506,414
  
Macy's, Inc. (a)
  
66,300
  
1,236,495
  
Sears Holdings Corp.* (a)
  
14,400
  
1,022,400
  
 
 
3,765,309
  
Specialty Retail 2.1%
  
Aaron's, Inc. (a)
  
10,400
  
188,864
  
Advance Auto Parts, Inc.
  
25,500
  
1,365,015
  
AnnTaylor Stores Corp.* (a)
  
23,900
  
419,206
  
Barnes & Noble, Inc. (a)
  
43,600
  
565,492
  
Limited Brands, Inc.
  
4,600
  
117,944
  
Lowe's Companies, Inc.
  
58,300
  
1,209,142
  
Rent-A-Center, Inc.* (a)
  
22,300
  
490,377
  
Ross Stores, Inc.
  
13,700
  
721,442
  
Signet Jewelers Ltd.*
  
4,500
  
133,965
  
The Finish Line, Inc. "A" (a)
  
15,100
  
216,081
  
TJX Companies, Inc.
  
48,100
  
1,997,112
  
Ulta Salon, Cosmetics & Fragrance, Inc.* (a)
  
5,400
  
136,404
  
 
 
7,561,044
  
Textiles, Apparel & Luxury Goods 0.1%
  
Wolverine World Wide, Inc. (a)
  
6,300
  
180,117
  
Consumer Staples 9.7%
  
Beverages 0.8%
  
Dr. Pepper Snapple Group, Inc. (a)
  
51,700
  
1,941,335
  
Fomento Economico Mexicano SAB de CV (ADR)
  
17,900
  
871,372
  
 
 
2,812,707
  
Food & Staples Retailing 2.0%
  
Kroger Co.
  
50,200
  
1,063,236
  
Wal-Mart Stores, Inc.
  
99,300
  
5,083,167
  
Whole Foods Market, Inc.* (a)
  
32,100
  
1,218,837
  
 
 
7,365,240
  
Food Products 4.2%
  
Archer-Daniels-Midland Co. (a)
  
131,300
  
3,592,368
  
Campbell Soup Co.
  
20,600
  
739,540
  
Corn Products International, Inc.
  
16,900
  
563,446
  
Del Monte Foods Co.
  
44,400
  
616,272
  
Fresh Del Monte Produce, Inc.* (a)
  
25,500
  
531,420
  
Hormel Foods Corp.
  
7,100
  
304,732
  
Sanderson Farms, Inc. (a)
  
6,700
  
313,225
  
Smithfield Foods, Inc.* (a)
  
22,900
  
326,325
  
The Hershey Co. (a)
  
58,200
  
2,735,400
  
Tyson Foods, Inc. "A" (a)
  
286,300
  
5,013,113
  
Unilever PLC (ADR)
  
19,900
  
569,737
  
 
 
15,305,578
  
Household Products 1.7%
  
Colgate-Palmolive Co.
  
36,400
  
2,874,872
  
Kimberly-Clark Corp. (a)
  
14,400
  
923,328
  
Procter & Gamble Co. (a)
  
35,400
  
2,165,064
  
 
 
5,963,264
  
Personal Products 0.5%
  
Herbalife Ltd.
  
29,700
  
1,474,308
  
Medifast, Inc.* (a)
  
15,400
  
465,696
  
 
 
1,940,004
  
Tobacco 0.5%
  
Lorillard, Inc.
  
25,100
  
1,913,624
  
Energy 10.9%
  
Energy Equipment & Services 3.2%
  
Complete Production Services, Inc.*
  
28,900
  
556,325
  
National-Oilwell Varco, Inc.
  
47,700
  
1,867,932
  
Noble Corp.* (a)
  
51,200
  
1,664,000
  
Oil States International, Inc.* (a)
  
46,500
  
2,136,210
  
Patterson-UTI Energy, Inc. (a)
  
70,900
  
1,164,887
  
Rowan Companies, Inc.* (a)
  
50,700
  
1,280,682
  
Transocean Ltd.*
  
68,300
  
3,156,143
  
 
 
11,826,179
  
Oil, Gas & Consumable Fuels 7.7%
  
Anadarko Petroleum Corp.
  
19,900
  
978,284
  
Chevron Corp.
  
137,600
  
10,486,496
  
Cimarex Energy Co. (a)
  
37,700
  
2,596,399
  
ConocoPhillips
  
117,100
  
6,466,262
  
Marathon Oil Corp.
  
67,200
  
2,247,840
  
Murphy Oil Corp.
  
69,300
  
3,794,175
  
Valero Energy Corp.
  
81,000
  
1,376,190
  
 
 
27,945,646
  
Financials 15.7%
  
Capital Markets 0.8%
  
Investment Technology Group, Inc.*
  
5,800
  
91,118
  
Morgan Stanley
  
80,000
  
2,159,200
  
The Goldman Sachs Group, Inc.
  
5,000
  
754,100
  
 
 
3,004,418
  
Commercial Banks 2.7%
  
CIT Group, Inc.*
  
32,600
  
1,185,336
  
Comerica, Inc.
  
15,100
  
579,236
  
Fifth Third Bancorp.
  
139,800
  
1,776,858
  
Huntington Bancshares, Inc.
  
230,100
  
1,394,406
  
Marshall & Ilsley Corp.
  
65,700
  
461,871
  
PNC Financial Services Group, Inc. (a)
  
36,900
  
2,191,491
  
Popular, Inc.*
  
125,900
  
361,333
  
SunTrust Banks, Inc. (a)
  
14,400
  
373,680
  
Webster Financial Corp. (a)
  
14,300
  
266,552
  
Wells Fargo & Co.
  
38,200
  
1,059,286
  
 
 
9,650,049
  
Consumer Finance 2.1%
  
AmeriCredit Corp.* (a)
  
24,400
  
588,284
  
Capital One Financial Corp. (a)
  
104,200
  
4,410,786
  
Discover Financial Services
  
170,900
  
2,609,643
  
 
 
7,608,713
  
Diversified Financial Services 4.0%
  
Bank of America Corp.
  
376,500
  
5,286,060
  
Citigroup, Inc.* (a)
  
555,500
  
2,277,550
  
JPMorgan Chase & Co.
  
166,700
  
6,714,676
  
PHH Corp.* (a)
  
23,200
  
461,912
  
 
 
14,740,198
  
Insurance 5.8%
  
ACE Ltd. (a)
  
84,000
  
4,458,720
  
Allied World Assurance Co. Holdings Ltd.
  
20,100
  
1,001,382
  
Arch Capital Group Ltd.* (a)
  
9,300
  
727,818
  
Aspen Insurance Holdings Ltd. (a)
  
13,100
  
358,285
  
Assurant, Inc.
  
25,400
  
947,166
  
Axis Capital Holdings Ltd.
  
8,800
  
274,296
  
Berkshire Hathaway, Inc. "A"* (a)
  
8
  
936,000
  
Berkshire Hathaway, Inc. "B"* (a)
  
51,450
  
4,019,274
  
Chubb Corp.
  
37,400
  
1,968,362
  
Everest Re Group Ltd.
  
4,300
  
333,766
  
Old Republic International Corp. (a)
  
59,500
  
744,345
  
Platinum Underwriters Holdings Ltd. (a)
  
10,400
  
406,432
  
The Travelers Companies, Inc. (a)
  
98,400
  
4,964,280
  
 
 
21,140,126
  
Real Estate Management & Development 0.1%
  
Brookfield Asset Management, Inc. "A" (a)
  
9,300
  
233,337
  
Thrifts & Mortgage Finance 0.2%
  
Radian Group, Inc. (a)
  
87,900
  
755,940
  
Health Care 15.6%
  
Biotechnology 1.2%
  
Amgen, Inc.*
  
48,900
  
2,666,517
  
Cephalon, Inc.*
  
17,100
  
970,425
  
Gilead Sciences, Inc.*
  
25,100
  
836,332
  
 
 
4,473,274
  
Health Care Equipment & Supplies 0.1%
  
Alere, Inc.* (a)
  
12,500
  
351,625
  
Health Care Providers & Services 8.7%
  
Aetna, Inc.
  
108,000
  
3,007,800
  
Amedisys, Inc.*
  
15,500
  
407,185
  
AmerisourceBergen Corp.
  
132,600
  
3,974,022
  
Cardinal Health, Inc.
  
141,800
  
4,575,886
  
Coventry Health Care, Inc.*
  
121,300
  
2,405,379
  
Health Net, Inc.* (a)
  
25,800
  
607,590
  
Humana, Inc.*
  
64,400
  
3,028,088
  
McKesson Corp.
  
44,100
  
2,770,362
  
UnitedHealth Group, Inc.
  
198,500
  
6,044,325
  
WellPoint, Inc.*
  
96,800
  
4,909,696
  
 
 
31,730,333
  
Life Sciences Tools & Services 0.3%
  
Life Technologies Corp.*
  
20,600
  
885,594
  
Pharmaceuticals 5.3%
  
Eli Lilly & Co.
  
73,200
  
2,605,920
  
Endo Pharmaceuticals Holdings, Inc.* (a)
  
45,200
  
1,085,252
  
Forest Laboratories, Inc.*
  
153,500
  
4,259,625
  
Impax Laboratories, Inc.* (a)
  
10,000
  
163,900
  
Johnson & Johnson (a)
  
140,400
  
8,155,836
  
King Pharmaceuticals, Inc.*
  
37,300
  
326,748
  
Medicis Pharmaceutical Corp. "A" (a)
  
9,400
  
238,290
  
Novartis AG (ADR) (a)
  
17,800
  
867,572
  
Par Pharmaceutical Companies, Inc.*
  
19,400
  
512,160
  
Perrigo Co. (a)
  
19,300
  
1,080,993
  
 
 
19,296,296
  
Industrials 9.9%
  
Aerospace & Defense 2.8%
  
Honeywell International, Inc.
  
30,600
  
1,311,516
  
ITT Corp.
  
9,600
  
452,352
  
Northrop Grumman Corp.
  
77,200
  
4,527,008
  
Raytheon Co.
  
82,500
  
3,817,275
  
 
 
10,108,151
  
Air Freight & Logistics 1.4%
  
United Parcel Service, Inc. "B" (a)
  
75,400
  
4,901,000
  
Airlines 0.3%
  
Alaska Air Group, Inc.* (a)
  
16,900
  
871,871
  
Southwest Airlines Co.
  
31,500
  
379,575
  
 
 
1,251,446
  
Commercial Services & Supplies 0.5%
  
Cintas
  
21,300
  
563,598
  
R.R. Donnelley & Sons Co.
  
78,200
  
1,319,234
  
 
 
1,882,832
  
Construction & Engineering 0.5%
  
EMCOR Group, Inc.* (a)
  
42,100
  
1,095,021
  
Shaw Group, Inc.*
  
26,300
  
842,652
  
 
 
1,937,673
  
Industrial Conglomerates 2.1%
  
3M Co. (a)
  
76,400
  
6,535,256
  
Tyco International Ltd.
  
28,700
  
1,098,636
  
 
 
7,633,892
  
Machinery 1.1%
  
Ingersoll-Rand PLC (a)
  
18,400
  
689,264
  
Oshkosh Corp.*
  
51,100
  
1,756,818
  
Parker Hannifin Corp.
  
14,600
  
906,952
  
Trinity Industries, Inc. (a)
  
34,300
  
698,691
  
 
 
4,051,725
  
Professional Services 0.3%
  
Manpower, Inc. (a)
  
25,700
  
1,233,086
  
Road & Rail 0.9%
  
Ryder System, Inc. (a)
  
72,100
  
3,148,607
  
Information Technology 18.8%
  
Communications Equipment 0.5%
  
Arris Group, Inc.*
  
20,300
  
189,196
  
Cisco Systems, Inc.*
  
27,900
  
643,653
  
Harris Corp.
  
8,800
  
391,864
  
Tellabs, Inc.
  
60,900
  
425,082
  
 
 
1,649,795
  
Computers & Peripherals 4.2%
  
Apple, Inc.*
  
24,700
  
6,354,075
  
Dell, Inc.* (a)
  
246,600
  
3,264,984
  
Lexmark International, Inc. "A"*
  
41,300
  
1,517,775
  
Seagate Technology*
  
73,000
  
916,150
  
STEC, Inc.* (a)
  
13,700
  
213,720
  
Western Digital Corp.*
  
110,200
  
2,908,178
  
 
 
15,174,882
  
Electronic Equipment, Instruments & Components 4.7%
  
Anixter International, Inc.* (a)
  
8,500
  
410,720
  
Arrow Electronics, Inc.*
  
82,700
  
2,050,133
  
Avnet, Inc.*
  
89,300
  
2,245,895
  
Corning, Inc.
  
103,700
  
1,879,044
  
Flextronics International Ltd.* (a)
  
221,800
  
1,379,596
  
Ingram Micro, Inc. "A"*
  
92,400
  
1,527,372
  
Jabil Circuit, Inc.
  
172,500
  
2,502,975
  
Tech Data Corp.* (a)
  
43,100
  
1,705,036
  
Tyco Electronics Ltd. (a)
  
93,300
  
2,519,100
  
Vishay Intertechnology, Inc.* (a)
  
85,100
  
722,499
  
Vishay Precision Group, Inc.* (a)
  
4,356
  
55,103
  
 
 
16,997,473
  
Internet Software & Services 1.7%
  
AOL, Inc.* (a)
  
32,500
  
679,900
  
Google, Inc. "A"*
  
9,500
  
4,606,075
  
IAC/InterActiveCorp.* (a)
  
40,600
  
1,015,000
  
 
 
6,300,975
  
IT Services 4.0%
  
Accenture PLC "A"
  
14,500
  
574,780
  
Computer Sciences Corp.
  
105,300
  
4,773,249
  
CoreLogic, Inc. (a)
  
6,900
  
138,207
  
International Business Machines Corp.
  
72,100
  
9,257,640
  
 
 
14,743,876
  
Office Electronics 0.2%
  
Xerox Corp.
  
82,300
  
801,602
  
Semiconductors & Semiconductor Equipment 0.9%
  
Intel Corp.
  
68,300
  
1,406,980
  
Micron Technology, Inc.* (a)
  
106,600
  
776,048
  
Texas Instruments, Inc. (a)
  
32,300
  
797,487
  
TriQuint Semiconductor, Inc.* (a)
  
45,300
  
313,929
  
 
 
3,294,444
  
Software 2.6%
  
Check Point Software Technologies Ltd.* (a)
  
13,200
  
449,064
  
Microsoft Corp.
  
353,700
  
9,128,997
  
 
 
9,578,061
  
Materials 4.5%
  
Chemicals 3.0%
  
Ashland, Inc. (a)
  
48,800
  
2,481,480
  
CF Industries Holdings, Inc.
  
44,600
  
3,621,074
  
Cytec Industries, Inc.
  
19,100
  
953,472
  
Huntsman Corp. (a)
  
29,200
  
305,724
  
Lubrizol Corp.
  
36,700
  
3,431,083
  
Valspar Corp. (a)
  
5,500
  
172,755
  
 
 
10,965,588
  
Construction Materials 0.2%
  
Cemex SAB de CV (ADR)
  
74,100
  
699,504
  
Containers & Packaging 0.0%
  
Boise, Inc.*
  
14,600
  
87,454
  
Metals & Mining 0.9%
  
Barrick Gold Corp.
  
9,100
  
374,010
  
Eldorado Gold Corp. (a)
  
46,800
  
762,372
  
Freeport-McMoRan Copper & Gold, Inc. (a)
  
29,900
  
2,139,046
  
Seabridge Gold, Inc.* (a)
  
3,100
  
79,422
  
 
 
3,354,850
  
Paper & Forest Products 0.4%
  
International Paper Co.
  
49,200
  
1,190,640
  
MeadWestvaco Corp.
  
11,600
  
277,936
  
 
 
1,468,576
  
Telecommunication Services 3.3%
  
Diversified Telecommunication Services 3.2%
  
AT&T, Inc.
  
264,800
  
6,868,912
  
Verizon Communications, Inc.
  
173,200
  
5,033,192
  
 
 
11,902,104
  
Wireless Telecommunication Services 0.1%
  
Leap Wireless International, Inc.*
  
18,200
  
216,398
  
Utilities 2.5%
  
Electric Utilities 1.0%
  
Duke Energy Corp.
  
64,600
  
1,104,660
  
Edison International
  
29,100
  
964,665
  
Exelon Corp.
  
5,900
  
246,797
  
Korea Electric Power Corp. (ADR)*
  
35,700
  
503,013
  
Progress Energy, Inc.
  
22,000
  
926,420
  
 
 
3,745,555
  
Independent Power Producers & Energy Traders 1.2%
  
Constellation Energy Group, Inc.
  
67,000
  
2,117,200
  
NRG Energy, Inc.* (a)
  
102,433
  
2,323,181
  
 
 
4,440,381
  
Multi-Utilities 0.3%
  
Ameren Corp.
  
14,000
  
355,180
  
DTE Energy Co.
  
11,600
  
535,456
  
NiSource, Inc.
  
9,300
  
153,450
  
 
 
1,044,086
  
 
Total Common Stocks (Cost $342,120,590)
  
361,661,222
  
 
 
Securities Lending Collateral 26.0%
  
Daily Assets Fund Institutional, 0.33% (b) (c)
(Cost $94,849,367)
    
94,849,367
  
94,849,367
  
 
 
Cash Equivalents 1.0%
  
Central Cash Management Fund, 0.25% (b)
(Cost $3,596,533)
    
3,596,533
  
3,596,533
  

 
% of
Net Assets
  
Value ($)
  
 
Total Investment Portfolio (Cost $440,566,490) †
126.2
  
460,107,122
  
Other Assets and Liabilities, Net
(26.2)
  
(95,466,862)
  
 
Net Assets
100.0
  
364,640,260
  

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.
†
The cost for federal income tax purposes was $444,077,966. At July 31, 2010, net unrealized appreciation for all securities based on tax cost was $16,029,156. This consisted of aggregate gross unrealized appreciation for all securities in which there was an excess of value over tax cost of $29,524,916 and aggregate gross unrealized depreciation for all securities in which there was an excess of tax cost over value of $13,495,760.
(a)
All or a portion of these securities were on loan. The value of all securities loaned at July 31, 2010 amounted to $92,774,195 which is 25.4% 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.
ADR: American Depositary Receipt
At July 31, 2010, open futures contracts purchased were as follows:

Futures
    
Currency
  
Expiration
Date
  
Contracts
  
Notional
Value ($)
  
Unrealized
Appreciation ($)
  
   
S&P 500 E-Mini Index
  
USD
  
9/17/2010
  
70
  
3,844,050
  
68,431
  
 

Currency Abbreviations
  
 
USD
United States Dollar
      



Fair Value Measurements

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, and credit risk). Level 3 includes significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used as of July 31, 2010 in valuing the Fund's investments.

   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                  
Common Stocks(d)
   $ 361,661,222     $ —     $ —     $ 361,661,222  
Short-Term Investments(d)
     98,445,900       —       —       98,445,900  
Derivatives(e)
     68,431       —       —       68,431  
Total
   $ 460,175,553     $ —     $ —     $ 460,175,553  

There have been no significant transfers in and out of Level 1 and Level 2 fair value measurements during the period ended July 31, 2010.
(d)
See Investment Portfolio for additional detailed categorizations.
(e)
Derivatives include unrealized appreciation (depreciation) on open future contracts.



Derivatives

The following table presents, by major type of derivative contract, the unrealized appreciation (depreciation) of the Fund's derivative instruments as of July 31, 2010 categorized by the primary underlying risk exposure. 

 
 
Primary Underlying Risk Disclosure
  
Futures
  
Equity Contracts
   $ 68,431  


 

 

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 fiscal quarter 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 Blue Chip Fund
   
By:
/s/Michael G. Clark
Michael G. Clark
President
   
Date:
September 24, 2010


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.


By:
/s/Michael G. Clark
Michael G. Clark
President
   
Date:
September 24, 2010
   
   
   
By:
/s/Paul Schubert
Paul Schubert
Chief Financial Officer and Treasurer
   
Date:
September 24, 2010

EX-99.CERT 2 ex-99cert.htm CERTIFICATION ex-99cert.htm

 
CERTIFICATIONS
 
 
I, Michael G. Clark, certify that:
 
 
1.
I have reviewed this report on Form N-Q of DWS 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.

   
By:
/s/Michael G. Clark
Michael G. Clark
President
   
Date:
September 24, 2010


 
 
 

CERTIFICATIONS
 
 
I, Paul Schubert, certify that:
 
 
1.
I have reviewed this report on Form N-Q of DWS 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.
 

   
By:
/s/Paul Schubert
Paul Schubert
Chief Financial Officer and Treasurer
   
Date:
September 24, 2010


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