0001752724-21-247152.txt : 20211119 0001752724-21-247152.hdr.sgml : 20211119 20211119121936 ACCESSION NUMBER: 0001752724-21-247152 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210930 FILED AS OF DATE: 20211119 PERIOD START: 20211231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEUTSCHE DWS INSTITUTIONAL FUNDS CENTRAL INDEX KEY: 0000862157 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-06071 FILM NUMBER: 211427438 BUSINESS ADDRESS: STREET 1: 875 THIRD AVENUE CITY: NEW YORK STATE: NY ZIP: 10022-6225 BUSINESS PHONE: 212-454-4500 MAIL ADDRESS: STREET 1: 875 THIRD AVENUE CITY: NEW YORK STATE: NY ZIP: 10022-6225 FORMER COMPANY: FORMER CONFORMED NAME: DEUTSCHE INSTITUTIONAL FUNDS DATE OF NAME CHANGE: 20140811 FORMER COMPANY: FORMER CONFORMED NAME: DWS INSTITUTIONAL FUNDS DATE OF NAME CHANGE: 20060206 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER INSTITUTIONAL FUNDS DATE OF NAME CHANGE: 20030519 0000862157 S000005959 DWS Equity 500 Index Fund C000016413 Class S BTIEX C000016414 Institutional Class BTIIX C000188490 Class R6 BTIRX NPORT-P 1 primary_doc.xml NPORT-P false 0000862157 XXXXXXXX S000005959 C000016413 C000016414 C000188490 DEUTSCHE DWS INSTITUTIONAL FUNDS 811-06071 0000862157 CRLHTSOT8QQ0BJNV7O60 875 Third Avenue NEW YORK 10022-6225 212-454-4500 DWS Equity 500 Index Fund S000005959 BSFDGTJIOB5CFE60ND57 2021-12-31 2021-09-30 N 610266969.09 220883.54 610046085.55 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 N DEUTSCHE EQUITY 500 INDEX PORTFOLIO HIOHF52OSQNWU3VZ2U57 DEUTSCHE EQUITY 500 INDEX PORTFOLIO 000000000 10602245.47000000 NS USD 610159226.80000000 100.0185463447 Long EC RF US N N/A N N N 2021-10-27 DEUTSCHE DWS INSTITUTIONAL FUNDS Diane Kenneally Diane Kenneally Treasurer and Chief Financial Officer XXXX NPORT-EX 2 NPORT_KE8F_96718254_0921.htm
Investment Portfolio as of September 30, 2021 (Unaudited)
DWS Equity 500 Index Fund
DWS Equity 500 Index Fund (the “Fund”) is a feeder fund that invests substantially all of its assets in a “master portfolio”, the Deutsche DWS Equity 500 Index Portfolio (the “Portfolio”) and owns a pro rata interest in the Portfolio’s net assets. At September 30, 2021, the Fund owned approximately 33% of the Portfolio’s outstanding interests. The Portfolio’s Schedule of Investments is set forth below.
    Shares Value ($)
Common Stocks 98.4%  
Communication Services 11.1%  
Diversified Telecommunication Services 1.2%  
AT&T, Inc. (a)      355,198     9,593,898
Lumen Technologies, Inc.       49,969       619,116
Verizon Communications, Inc.      205,465    11,097,165
      21,310,179
Entertainment 1.9%  
Activision Blizzard, Inc.       38,596     2,986,944
Electronic Arts, Inc.       14,154     2,013,407
Live Nation Entertainment, Inc.* (a)        6,494       591,798
Netflix, Inc.*       21,998    13,426,259
Take-Two Interactive Software, Inc.*   5,850 901,310
Walt Disney Co.*   90,340 15,282,818
      35,202,536
Interactive Media & Services 6.6%  
Alphabet, Inc. "A"*   14,971 40,025,268
Alphabet, Inc. "C"*   14,010 37,340,993
Facebook, Inc. "A"*   118,502 40,218,394
Match Group, Inc.*   13,751 2,158,769
Twitter, Inc.*   39,616 2,392,410
      122,135,834
Media 1.2%  
Charter Communications, Inc. "A"* (a)   6,308 4,589,449
Comcast Corp. "A"   227,879 12,745,272
Discovery, Inc. "A"* (a)   8,658 219,740
Discovery, Inc. "C"* (a)   15,502 376,234
DISH Network Corp. "A"*   12,530 544,554
Fox Corp. "A" (a)   16,233 651,106
Fox Corp. "B"   7,728 286,863
Interpublic Group of Companies, Inc. (a)   19,896 729,586
News Corp. "A" (a)   19,680 463,070
News Corp. "B"   5,883 136,662
Omnicom Group, Inc. (a)   10,445 756,845
ViacomCBS, Inc. "B"   29,710 1,173,842
      22,673,223
Wireless Telecommunication Services 0.2%  
T-Mobile U.S., Inc.*   29,133 3,722,032
Consumer Discretionary 12.2%  
Auto Components 0.1%  
Aptiv PLC*   13,383 1,993,665
BorgWarner, Inc.   12,199 527,119
      2,520,784
Automobiles 2.1%  
Ford Motor Co.*      194,873     2,759,402
General Motors Co.*       72,043     3,797,386
Tesla, Inc.*       40,350    31,290,618
      37,847,406
Distributors 0.1%  
Genuine Parts Co.        7,014       850,307
LKQ Corp.*       13,420       675,294
Pool Corp.        1,973       857,091
      2,382,692
Hotels, Restaurants & Leisure 2.0%  
Booking Holdings, Inc.*        2,039     4,840,321
Caesars Entertainment, Inc.* (a)       10,551     1,184,666
Carnival Corp.*       40,393     1,010,229
Chipotle Mexican Grill, Inc.*   1,393 2,531,805
Darden Restaurants, Inc.   6,379 966,227
Domino's Pizza, Inc.   1,837 876,176
Hilton Worldwide Holdings, Inc.*   13,984 1,847,426
Las Vegas Sands Corp.*   17,498 640,427
Marriott International, Inc. "A"*   13,467 1,994,328
McDonald's Corp.   37,125 8,951,209
MGM Resorts International   19,430 838,405
Norwegian Cruise Line Holdings Ltd.* (a)   19,093 509,974
Penn National Gaming, Inc.* (a)   7,973 577,724
Royal Caribbean Cruises Ltd.* (a)   11,075 985,121
Starbucks Corp.   58,572 6,461,077
Wynn Resorts Ltd.* (a)   5,313 450,277
Yum! Brands, Inc.   14,746 1,803,583
      36,468,975
Household Durables 0.4%  
D.R. Horton, Inc.   16,103 1,352,169
Garmin Ltd.   7,565 1,176,055
Leggett & Platt, Inc.   6,919 310,248
Lennar Corp. "A"   13,535 1,267,959
Mohawk Industries, Inc.*   2,755 488,737
Newell Brands, Inc.   19,210 425,309
NVR, Inc.*   171 819,788
PulteGroup, Inc.   12,629 579,924
Whirlpool Corp. (a)   3,033 618,307
      7,038,496
Internet & Direct Marketing Retail 4.1%  
Amazon.com, Inc.*   21,653 71,130,971
eBay, Inc.   32,111 2,237,173
Etsy, Inc.* (a)   6,290 1,308,069
Expedia Group, Inc.* (a)   7,130 1,168,607
      75,844,820
Leisure Products 0.0%  
Hasbro, Inc.   6,513 581,090
Multiline Retail 0.5%  
Dollar General Corp.   11,710 2,484,160
Dollar Tree, Inc.*   11,695 1,119,445
Target Corp.   24,603 5,628,428
      9,232,033
Specialty Retail 2.2%  
Advance Auto Parts, Inc.   3,175 663,226
AutoZone, Inc.* (a)        1,064     1,806,661
Bath & Body Works, Inc.       13,349       841,388
Best Buy Co., Inc.       11,292     1,193,677
CarMax, Inc.*        8,220     1,051,831
Home Depot, Inc.       52,826    17,340,663
Lowe's Companies, Inc.       35,130     7,126,472
O'Reilly Automotive, Inc.*        3,440     2,102,046
Ross Stores, Inc.       17,894     1,947,762
The Gap, Inc. (a)       10,491       238,146
TJX Companies, Inc.       59,800     3,945,604
Tractor Supply Co.        5,655     1,145,760
Ulta Beauty, Inc.*        2,745       990,725
      40,393,961
Textiles, Apparel & Luxury Goods 0.7%  
Hanesbrands, Inc.   17,321 297,229
NIKE, Inc. "B"   63,597 9,236,192
PVH Corp.*   3,546 364,493
Ralph Lauren Corp.   2,374 263,609
Tapestry, Inc.   14,159 524,166
Under Armour, Inc. "A"*   9,570 193,123
Under Armour, Inc. "C"*   9,556 167,421
VF Corp. (a)   16,266 1,089,659
      12,135,892
Consumer Staples 5.7%  
Beverages 1.4%  
Brown-Forman Corp. "B"   9,223 618,033
Coca-Cola Co.   193,184 10,136,365
Constellation Brands, Inc. "A"   8,324 1,753,784
Molson Coors Beverage Co. "B"   9,379 434,998
Monster Beverage Corp.*   18,652 1,656,857
PepsiCo, Inc.   68,586 10,316,020
      24,916,057
Food & Staples Retailing 1.3%  
Costco Wholesale Corp.   21,947 9,861,884
Kroger Co.   33,903 1,370,698
Sysco Corp.   25,217 1,979,535
Walgreens Boots Alliance, Inc.   35,501 1,670,322
Walmart, Inc.   71,156 9,917,723
      24,800,162
Food Products 0.9%  
Archer-Daniels-Midland Co.   27,499 1,650,215
Campbell Soup Co.   10,294 430,392
Conagra Brands, Inc. (a)   24,006 813,083
General Mills, Inc.   30,038 1,796,873
Hormel Foods Corp. (a)   13,578 556,698
J M Smucker Co.   5,509 661,245
Kellogg Co. (a)   12,679 810,442
Kraft Heinz Co.   33,646 1,238,846
Lamb Weston Holdings, Inc.   7,479 458,986
McCormick & Co., Inc.   12,173 986,378
Mondelez International, Inc. "A"   69,687 4,054,390
The Hershey Co.   7,178 1,214,877
Tyson Foods, Inc. "A"   14,450 1,140,683
      15,813,108
Household Products 1.3%  
Church & Dwight Co., Inc.       12,322     1,017,428
Clorox Co. (a)        6,038       999,953
Colgate-Palmolive Co.       41,991     3,173,680
Kimberly-Clark Corp.       16,707     2,212,675
Procter & Gamble Co.      120,753    16,881,269
      24,285,005
Personal Products 0.2%  
Estee Lauder Companies, Inc. "A"       11,525     3,456,693
Tobacco 0.6%  
Altria Group, Inc.       91,883     4,182,514
Philip Morris International, Inc.       77,509     7,347,078
      11,529,592
Energy 2.7%  
Energy Equipment & Services 0.2%  
Baker Hughes Co.   40,968 1,013,139
Halliburton Co.   44,792 968,403
Schlumberger NV   68,927 2,042,996
      4,024,538
Oil, Gas & Consumable Fuels 2.5%  
APA Corp.   18,783 402,520
Cabot Oil & Gas Corp. (a)   20,100 437,376
Chevron Corp.   96,190 9,758,476
ConocoPhillips   66,596 4,513,211
Devon Energy Corp.   31,574 1,121,193
Diamondback Energy, Inc.   8,525 807,062
EOG Resources, Inc.   28,903 2,320,044
Exxon Mobil Corp.   210,153 12,361,199
Hess Corp.   13,577 1,060,499
Kinder Morgan, Inc.   95,764 1,602,132
Marathon Oil Corp.   39,685 542,494
Marathon Petroleum Corp.   32,028 1,979,651
Occidental Petroleum Corp. (a)   44,093 1,304,271
ONEOK, Inc. (a)   22,481 1,303,673
Phillips 66 (a)   21,614 1,513,628
Pioneer Natural Resources Co. (a)   11,279 1,878,066
Valero Energy Corp.   20,071 1,416,410
Williams Companies, Inc.   61,115 1,585,323
      45,907,228
Financials 11.2%  
Banks 4.3%  
Bank of America Corp.   368,012 15,622,109
Citigroup, Inc.   100,520 7,054,494
Citizens Financial Group, Inc.   20,771 975,822
Comerica, Inc.   6,916 556,738
Fifth Third Bancorp.   34,561 1,466,769
First Republic Bank   8,718 1,681,528
Huntington Bancshares, Inc. (a)   73,937 1,143,066
JPMorgan Chase & Co.   148,549 24,315,986
KeyCorp.   46,639 1,008,335
M&T Bank Corp.   6,527 974,742
People's United Financial, Inc.   21,143 369,368
PNC Financial Services Group, Inc.   21,117 4,131,330
Regions Financial Corp.       46,897       999,375
SVB Financial Group*        2,905     1,879,186
Truist Financial Corp. (a)       66,643     3,908,612
U.S. Bancorp.       66,786     3,969,760
Wells Fargo & Co.      204,157     9,474,926
Zions Bancorp. NA        8,256       510,964
      80,043,110
Capital Markets 2.9%  
Ameriprise Financial, Inc.        5,667     1,496,768
Bank of New York Mellon Corp.       39,203     2,032,284
BlackRock, Inc.        7,125     5,975,453
Cboe Global Markets, Inc.        5,238       648,779
Charles Schwab Corp. (a)       74,632     5,436,195
CME Group, Inc.       17,855     3,452,800
Franklin Resources., Inc. (a)   13,576 403,479
Intercontinental Exchange, Inc.   28,032 3,218,634
Invesco Ltd.   16,955 408,785
MarketAxess Holdings, Inc.   1,880 790,897
Moody's Corp.   8,026 2,850,113
Morgan Stanley   72,653 7,069,863
MSCI, Inc.   4,100 2,494,194
Nasdaq, Inc.   5,794 1,118,358
Northern Trust Corp.   10,499 1,131,897
Raymond James Financial, Inc.   9,284 856,681
S&P Global, Inc.   12,016 5,105,478
State Street Corp.   18,174 1,539,701
T. Rowe Price Group, Inc.   11,280 2,218,776
The Goldman Sachs Group, Inc.   16,757 6,334,649
      54,583,784
Consumer Finance 0.7%  
American Express Co.   32,030 5,365,986
Capital One Financial Corp.   22,184 3,593,143
Discover Financial Services   14,811 1,819,531
Synchrony Financial   28,290 1,382,815
      12,161,475
Diversified Financial Services 1.4%  
Berkshire Hathaway, Inc. "B"*   92,181 25,159,882
Insurance 1.9%  
Aflac, Inc.   30,456 1,587,671
Allstate Corp.   14,838 1,889,026
American International Group, Inc.   42,474 2,331,398
Aon PLC "A"   11,233 3,210,054
Arthur J. Gallagher & Co.   10,389 1,544,325
Assurant, Inc.   3,027 477,509
Brown & Brown, Inc.   11,392 631,686
Chubb Ltd.   21,739 3,771,282
Cincinnati Financial Corp.   7,529 859,962
Everest Re Group Ltd.   2,023 507,328
Globe Life, Inc.   4,824 429,481
Hartford Financial Services Group, Inc.   17,225 1,210,056
Lincoln National Corp.   8,518 585,613
Loews Corp.   9,751 525,871
Marsh & McLennan Companies, Inc.   25,147 3,808,010
MetLife, Inc.   35,963 2,219,996
Principal Financial Group, Inc.   12,223 787,161
Progressive Corp.   29,155 2,635,321
Prudential Financial, Inc. (a)       19,094     2,008,689
Travelers Companies, Inc.       12,408     1,886,140
W.R. Berkley Corp.        7,139       522,432
Willis Towers Watson PLC (a)        6,401     1,487,977
      34,916,988
Health Care 13.1%  
Biotechnology 1.9%  
AbbVie, Inc.       87,858     9,477,242
Amgen, Inc.       28,238     6,004,811
Biogen, Inc.*        7,370     2,085,636
Gilead Sciences, Inc.       62,429     4,360,666
Incyte Corp.*        9,436       649,008
Moderna, Inc.*       17,471     6,723,889
Regeneron Pharmaceuticals, Inc.*        5,204     3,149,357
Vertex Pharmaceuticals, Inc.*   12,837 2,328,503
      34,779,112
Health Care Equipment & Supplies 3.7%  
Abbott Laboratories   88,155 10,413,750
ABIOMED, Inc.*   2,289 745,115
Align Technology, Inc.*   3,659 2,434,808
Baxter International, Inc.   24,956 2,007,211
Becton, Dickinson & Co.   14,209 3,492,857
Boston Scientific Corp.*   70,462 3,057,346
Danaher Corp.   31,620 9,626,393
DENTSPLY SIRONA, Inc.   11,042 640,988
DexCom, Inc.*   4,800 2,624,928
Edwards Lifesciences Corp.*   30,874 3,495,246
Hologic, Inc.*   12,642 933,106
IDEXX Laboratories, Inc.*   4,237 2,634,990
Intuitive Surgical, Inc.*   5,922 5,887,356
Medtronic PLC   66,718 8,363,101
ResMed, Inc.   7,226 1,904,412
STERIS PLC   4,892 999,338
Stryker Corp.   16,662 4,394,103
Teleflex, Inc. (a)   2,361 889,035
The Cooper Companies, Inc.   2,413 997,317
West Pharmaceutical Services, Inc. (a)   3,658 1,552,967
Zimmer Biomet Holdings, Inc.   10,480 1,533,853
      68,628,220
Health Care Providers & Services 2.5%  
AmerisourceBergen Corp.   7,481 893,605
Anthem, Inc.   12,082 4,504,170
Cardinal Health, Inc.   14,661 725,133
Centene Corp.*   28,891 1,800,198
Cigna Corp.   16,817 3,366,091
CVS Health Corp.   65,525 5,560,451
DaVita, Inc.*   3,479 404,469
HCA Healthcare, Inc.   12,253 2,974,048
Henry Schein, Inc.*   7,112 541,650
Humana, Inc.   6,414 2,496,008
Laboratory Corp. of America Holdings*   4,820 1,356,541
McKesson Corp.   7,662 1,527,650
Quest Diagnostics, Inc.   6,042 877,963
UnitedHealth Group, Inc.       46,906    18,328,050
Universal Health Services, Inc. "B"        3,686       510,032
      45,866,059
Health Care Technology 0.1%  
Cerner Corp.       14,854     1,047,504
Life Sciences Tools & Services 1.4%  
Agilent Technologies, Inc.       15,042     2,369,566
Bio-Rad Laboratories, Inc. "A"*        1,053       785,485
Bio-Techne Corp.        1,897       919,229
Charles River Laboratories International, Inc.*        2,542     1,049,007
Illumina, Inc.*        7,258     2,943,918
IQVIA Holdings, Inc.*        9,490     2,273,235
Mettler-Toledo International, Inc.*        1,150     1,583,964
PerkinElmer, Inc.        5,647       978,569
Thermo Fisher Scientific, Inc.   19,582 11,187,784
Waters Corp.*   3,019 1,078,689
      25,169,446
Pharmaceuticals 3.5%  
Bristol-Myers Squibb Co.   110,400 6,532,368
Catalent, Inc.*   8,382 1,115,393
Eli Lilly & Co.   39,475 9,120,699
Johnson & Johnson   130,889 21,138,573
Merck & Co., Inc.   126,053 9,467,841
Organon & Co.   12,747 417,974
Pfizer, Inc.   278,646 11,984,564
Viatris, Inc.   61,111 828,054
Zoetis, Inc.   23,577 4,577,239
      65,182,705
Industrials 7.9%  
Aerospace & Defense 1.5%  
Boeing Co.*   27,321 6,008,981
General Dynamics Corp.   11,528 2,259,834
Howmet Aerospace, Inc.   18,697 583,346
Huntington Ingalls Industries, Inc.   2,030 391,912
L3Harris Technologies, Inc. (a)   9,995 2,201,299
Lockheed Martin Corp.   12,199 4,209,875
Northrop Grumman Corp.   7,449 2,682,757
Raytheon Technologies Corp.   74,850 6,434,106
Textron, Inc.   11,299 788,783
TransDigm Group, Inc.*   2,603 1,625,756
      27,186,649
Air Freight & Logistics 0.6%  
C.H. Robinson Worldwide, Inc. (a)   6,721 584,727
Expeditors International of Washington, Inc.   8,542 1,017,608
FedEx Corp.   12,273 2,691,346
United Parcel Service, Inc. "B"   36,208 6,593,477
      10,887,158
Airlines 0.2%  
Alaska Air Group, Inc.*   6,220 364,492
American Airlines Group, Inc.* (a)   32,448 665,833
Delta Air Lines, Inc.*   31,367 1,336,548
Southwest Airlines Co.*   29,047 1,493,887
United Airlines Holdings, Inc.* (a)   16,444 782,241
      4,643,001
Building Products 0.5%  
A.O. Smith Corp.        6,355       388,100
Allegion PLC        4,333       572,736
Carrier Global Corp.       43,282     2,240,276
Fortune Brands Home & Security, Inc.        6,993       625,314
Johnson Controls International PLC       35,497     2,416,636
Masco Corp.       12,317       684,209
Trane Technologies PLC       11,853     2,046,421
      8,973,692
Commercial Services & Supplies 0.4%  
Cintas Corp.        4,373     1,664,626
Copart, Inc.*       10,577     1,467,241
Republic Services, Inc.       10,419     1,250,905
Rollins, Inc.       11,123       392,976
Waste Management, Inc.   19,379 2,894,448
      7,670,196
Construction & Engineering 0.0%  
Quanta Services, Inc.   6,836 778,074
Electrical Equipment 0.6%  
AMETEK, Inc.   11,616 1,440,500
Eaton Corp. PLC   19,826 2,960,220
Emerson Electric Co.   29,725 2,800,095
Generac Holdings, Inc.*   3,168 1,294,667
Rockwell Automation, Inc.   5,759 1,693,376
      10,188,858
Industrial Conglomerates 1.1%  
3M Co.   28,844 5,059,815
General Electric Co.   54,547 5,619,977
Honeywell International, Inc.   34,242 7,268,892
Roper Technologies, Inc.   5,218 2,327,906
      20,276,590
Machinery 1.5%  
Caterpillar, Inc.   27,236 5,228,495
Cummins, Inc.   7,205 1,617,955
Deere & Co.   14,108 4,727,168
Dover Corp.   7,053 1,096,741
Fortive Corp.   17,566 1,239,633
IDEX Corp.   3,833 793,239
Illinois Tool Works, Inc.   14,273 2,949,230
Ingersoll Rand, Inc.*   20,292 1,022,920
Otis Worldwide Corp.   21,137 1,739,152
PACCAR, Inc.   17,138 1,352,531
Parker-Hannifin Corp.   6,358 1,777,824
Pentair PLC   8,430 612,271
Snap-on, Inc. (a)   2,759 576,493
Stanley Black & Decker, Inc.   8,129 1,425,095
Westinghouse Air Brake Technologies Corp. (a)   9,439 813,736
Xylem, Inc.   9,050 1,119,304
      28,091,787
Professional Services 0.4%  
Equifax, Inc.   6,050 1,533,191
IHS Markit Ltd.   19,803 2,309,426
Jacobs Engineering Group, Inc.   6,586 872,843
Leidos Holdings, Inc.   7,099 682,427
Nielsen Holdings PLC (a)   17,955 344,556
Robert Half International, Inc. (a)        5,409       542,685
Verisk Analytics, Inc.        8,019     1,605,965
      7,891,093
Road & Rail 0.9%  
CSX Corp.      111,612     3,319,341
J.B. Hunt Transport Services, Inc.        4,220       705,668
Kansas City Southern        4,496     1,216,798
Norfolk Southern Corp.       12,225     2,924,831
Old Dominion Freight Line, Inc.        4,705     1,345,536
Union Pacific Corp.       32,326     6,336,219
      15,848,393
Trading Companies & Distributors 0.2%  
Fastenal Co.       28,608     1,476,459
United Rentals, Inc.*        3,557     1,248,258
W.W. Grainger, Inc.   2,160 849,009
      3,573,726
Information Technology 27.2%  
Communications Equipment 0.8%  
Arista Networks, Inc.*   2,777 954,288
Cisco Systems, Inc.   209,590 11,407,984
F5 Networks, Inc.* (a)   3,054 607,074
Juniper Networks, Inc.   16,549 455,428
Motorola Solutions, Inc.   8,390 1,949,165
      15,373,939
Electronic Equipment, Instruments & Components 0.7%  
Amphenol Corp. "A"   29,496 2,159,992
CDW Corp.   6,907 1,257,212
Corning, Inc.   38,169 1,392,787
IPG Photonics Corp.* (a)   1,814 287,338
Keysight Technologies, Inc.*   9,063 1,488,960
TE Connectivity Ltd.   16,307 2,237,647
Teledyne Technologies, Inc.*   2,350 1,009,513
Trimble, Inc.*   12,311 1,012,580
Zebra Technologies Corp. "A"* (a)   2,634 1,357,616
      12,203,645
IT Services 4.8%  
Accenture PLC "A"   31,532 10,087,717
Akamai Technologies, Inc.*   8,193 856,906
Automatic Data Processing, Inc.   20,968 4,191,923
Broadridge Financial Solutions, Inc.   5,678 946,182
Cognizant Technology Solutions Corp. "A"   26,120 1,938,365
DXC Technology Co.*   12,779 429,502
Fidelity National Information Services, Inc.   30,733 3,739,591
Fiserv, Inc.* (a)   29,504 3,201,184
FleetCor Technologies, Inc.*   4,037 1,054,747
Gartner, Inc.*   4,172 1,267,787
Global Payments, Inc.   14,597 2,300,195
International Business Machines Corp.   44,667 6,205,586
Jack Henry & Associates, Inc.   3,585 588,155
MasterCard, Inc. "A"   43,272 15,044,809
Paychex, Inc.   15,810 1,777,835
PayPal Holdings, Inc.*   58,460 15,211,877
VeriSign, Inc.*   4,862 996,759
Visa, Inc. "A" (a)       83,854    18,678,479
Western Union Co.       20,896       422,517
      88,940,116
Semiconductors & Semiconductor Equipment 5.5%  
Advanced Micro Devices, Inc.*       60,139     6,188,303
Analog Devices, Inc.       26,698     4,471,381
Applied Materials, Inc.       45,407     5,845,243
Broadcom, Inc.       20,432     9,908,090
Enphase Energy, Inc.*        6,636       995,201
Intel Corp.      201,647    10,743,752
KLA Corp.        7,613     2,546,625
Lam Research Corp.        7,093     4,036,981
Microchip Technology, Inc.       13,513     2,074,110
Micron Technology, Inc.       56,147     3,985,314
Monolithic Power Systems, Inc. (a)   2,154 1,044,001
NVIDIA Corp.   123,882 25,663,395
NXP Semiconductors NV   13,243 2,593,906
Qorvo, Inc.*   5,496 918,876
QUALCOMM, Inc.   56,168 7,244,549
Skyworks Solutions, Inc.   8,179 1,347,736
Teradyne, Inc.   8,083 882,421
Texas Instruments, Inc.   45,883 8,819,171
Xilinx, Inc.   12,416 1,874,692
      101,183,747
Software 9.1%  
Adobe, Inc.*   23,698 13,643,413
ANSYS, Inc.*   4,383 1,492,192
Autodesk, Inc.*   10,929 3,116,623
Cadence Design Systems, Inc.*   13,777 2,086,389
Ceridian HCM Holding, Inc.* (a)   6,731 758,045
Citrix Systems, Inc.   6,233 669,237
Fortinet, Inc.*   6,715 1,961,049
Intuit, Inc.   13,594 7,334,099
Microsoft Corp.   373,628 105,333,206
NortonLifeLock, Inc.   28,977 733,118
Oracle Corp.   81,901 7,136,034
Paycom Software, Inc.*   2,397 1,188,313
PTC, Inc.*   5,347 640,517
salesforce.com, Inc.*   48,285 13,095,858
ServiceNow, Inc.*   9,865 6,138,693
Synopsys, Inc.*   7,561 2,263,839
Tyler Technologies, Inc.*   2,040 935,646
      168,526,271
Technology Hardware, Storage & Peripherals 6.3%  
Apple, Inc.   780,559 110,449,098
Hewlett Packard Enterprise Co.   65,430 932,377
HP, Inc.   59,124 1,617,633
NetApp, Inc.   11,152 1,001,004
Seagate Technology Holdings PLC (a)   10,435 861,096
Western Digital Corp.*   15,504 875,046
      115,736,254
Materials 2.4%  
Chemicals 1.7%  
Air Products & Chemicals, Inc. (a)   11,008 2,819,259
Albemarle Corp.   5,781 1,265,866
Celanese Corp.        5,453       821,440
CF Industries Holdings, Inc.       10,957       611,620
Corteva, Inc.       36,267     1,526,115
Dow, Inc.       36,893     2,123,561
DuPont de Nemours, Inc.       25,874     1,759,173
Eastman Chemical Co.        6,607       665,589
Ecolab, Inc.       12,377     2,582,090
FMC Corp.        6,542       598,986
International Flavors & Fragrances, Inc.       12,326     1,648,233
Linde PLC*       25,687     7,536,052
LyondellBasell Industries NV "A"       12,987     1,218,830
PPG Industries, Inc.       11,747     1,679,939
Sherwin-Williams Co.       12,054     3,371,865
The Mosaic Co.       17,452       623,385
      30,852,003
Construction Materials 0.1%  
Martin Marietta Materials, Inc.   3,150 1,076,292
Vulcan Materials Co.   6,681 1,130,158
      2,206,450
Containers & Packaging 0.3%  
Amcor PLC (a)   78,046 904,553
Avery Dennison Corp.   4,056 840,444
Ball Corp.   16,034 1,442,579
International Paper Co. (a)   19,693 1,101,232
Packaging Corp. of America   4,766 655,039
Sealed Air Corp.   7,725 423,253
Westrock Co. (a)   13,430 669,217
      6,036,317
Metals & Mining 0.3%  
Freeport-McMoRan, Inc.   72,787 2,367,761
Newmont Corp.   39,933 2,168,362
Nucor Corp.   14,570 1,434,999
      5,971,122
Real Estate 2.5%  
Equity Real Estate Investment Trusts (REITs) 2.4%  
Alexandria Real Estate Equities, Inc.   6,910 1,320,294
American Tower Corp. (a)   22,647 6,010,740
AvalonBay Communities, Inc.   6,874 1,523,553
Boston Properties, Inc. (a)   7,187 778,711
Crown Castle International Corp.   21,522 3,730,193
Digital Realty Trust, Inc.   14,004 2,022,878
Duke Realty Corp.   18,905 904,982
Equinix, Inc.   4,459 3,523,190
Equity Residential   16,953 1,371,837
Essex Property Trust, Inc.   3,258 1,041,713
Extra Space Storage, Inc.   6,608 1,110,078
Federal Realty Investment Trust   3,536 417,213
Healthpeak Properties, Inc.   27,175 909,819
Host Hotels & Resorts, Inc.*   35,747 583,749
Iron Mountain, Inc. (a)   14,633 635,804
Kimco Realty Corp.   30,383 630,447
Mid-America Apartment Communities, Inc.   5,782 1,079,788
Prologis, Inc.   36,802 4,616,075
Public Storage   7,582 2,252,612
Realty Income Corp. (a)   19,082 1,237,659
Regency Centers Corp. (a)        7,439       500,868
SBA Communications Corp.        5,426     1,793,673
Simon Property Group, Inc.       16,243     2,111,103
UDR, Inc.       13,754       728,687
Ventas, Inc.       18,954     1,046,450
Vornado Realty Trust        7,927       333,013
Welltower, Inc.       20,978     1,728,587
Weyerhaeuser Co.       37,002     1,316,161
      45,259,877
Real Estate Management & Development 0.1%  
CBRE Group, Inc. "A"*       16,639     1,619,973
Utilities 2.4%  
Electric Utilities 1.6%  
Alliant Energy Corp.       12,471       698,127
American Electric Power Co., Inc. (a)   24,880 2,019,759
Duke Energy Corp.   38,351 3,742,674
Edison International   19,020 1,055,039
Entergy Corp.   10,091 1,002,137
Evergy, Inc.   11,153 693,717
Eversource Energy   17,009 1,390,656
Exelon Corp.   48,431 2,341,155
FirstEnergy Corp.   27,402 976,059
NextEra Energy, Inc.   97,389 7,646,984
NRG Energy, Inc. (a)   12,513 510,906
Pinnacle West Capital Corp.   5,708 413,031
PPL Corp.   38,639 1,077,255
Southern Co.   52,787 3,271,210
Xcel Energy, Inc.   26,706 1,669,125
      28,507,834
Gas Utilities 0.0%  
Atmos Energy Corp.   6,302 555,836
Independent Power & Renewable Electricity Producers 0.0%  
AES Corp.   33,728 770,010
Multi-Utilities 0.7%  
Ameren Corp.   12,877 1,043,037
CenterPoint Energy, Inc. (a)   29,624 728,751
CMS Energy Corp.   14,640 874,447
Consolidated Edison, Inc. (a)   17,361 1,260,235
Dominion Energy, Inc.   40,214 2,936,426
DTE Energy Co.   9,482 1,059,234
NiSource, Inc.   19,694 477,186
Public Service Enterprise Group, Inc.   24,837 1,512,573
Sempra Energy   15,815 2,000,598
WEC Energy Group, Inc.   15,650 1,380,330
      13,272,817
Water Utilities 0.1%  
American Water Works Co., Inc.   8,986 1,518,993
Total Common Stocks (Cost $458,390,017) 1,816,305,042
    
    Principal
Amount ($) 		Value ($)
Government & Agency Obligations 0.1%
U.S. Treasury Obligations  
U.S. Treasury Bill, 0.038% (b), 1/27/2022 (c) (Cost $2,659,673)    2,660,000     2,659,605
    Shares Value ($)
Securities Lending Collateral 2.5%
DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", (d) (e) 0.01%
(Cost $45,556,267) 		  45,556,267    45,556,267
Cash Equivalents 1.4%
DWS Central Cash Management Government Fund, 0.03% (d) (Cost $25,257,988)   25,257,988    25,257,988
    % of
Net Assets 		Value ($)
Total Investment Portfolio (Cost $531,863,945)   102.4 1,889,778,902
Other Assets and Liabilities, Net   (2.4) (44,957,578)
Net Assets   100.0 1,844,821,324
For information on the Fund's policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements.
A summary of the Fund’s transactions with affiliated investments during the period ended September 30, 2021 are as follows:
Value ($) at
12/31/2020 		Purchases
Cost ($) 		Sales
Proceeds ($) 		Net Realized
Gain/
(Loss) ($) 		Net Change in
Unrealized
Appreciation
(Depreciation) ($) 		Income ($) Capital Gain
Distributions ($) 		Number
of Shares
at
9/30/2021 		Value ($) at
9/30/2021
Securities Lending Collateral 2.5%
DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", 0.01% (d) (e)
2,228,289 43,327,978 (f) — — — 19,062 — 45,556,267 45,556,267
Cash Equivalents 1.4%
DWS Central Cash Management Government Fund, 0.03% (d)
26,880,974 161,752,704 163,375,690 — — 3,574 — 25,257,988 25,257,988
29,109,263 205,080,682 163,375,690 — — 22,636 — 70,814,255 70,814,255
* Non-income producing security.
(a) All or a portion of these securities were on loan. In addition, "Other Assets and Liabilities, Net" may include pending sales that are also on loan. The value of securities loaned at September 30, 2021 amounted to $43,784,488, which is 2.4% of net assets.
(b) Annualized yield at time of purchase; not a coupon rate.
(c) At September 30, 2021, this security has been pledged, in whole or in part, to cover initial margin requirements for open futures contracts.
(d) Affiliated fund managed by DWS Investment Management Americas, Inc. The rate shown is the annualized seven-day yield at period end.
(e) Represents cash collateral held in connection with securities lending. Income earned by the Fund is net of borrower rebates.
(f) Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount invested in cash collateral for the period ended September 30, 2021.
At September 30, 2021, open futures contracts purchased were as follows:
Futures Currency Expiration
Date 		Contracts Notional
Amount ($) 		Notional
Value ($) 		Unrealized
Depreciation ($)
S&P 500 E-Mini Index USD 12/17/2021 127 28,286,290 27,290,712 (995,578)
Currency Abbreviation(s)
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 level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.
The following is a summary of the inputs used as of September 30, 2021 in valuing the Fund's investments.
Assets Level 1 Level 2 Level 3 Total
Common Stocks (a) $1,816,305,042 $— $— $1,816,305,042
Government & Agency Obligations — 2,659,605 — 2,659,605
Short-Term Investments (a) 70,814,255 — — 70,814,255
Total $1,887,119,297 $2,659,605 $— $1,889,778,902
Liabilities Level 1 Level 2 Level 3 Total
Derivatives (b)        
Futures Contracts $(995,578) $— $— $(995,578)
Total $(995,578) $— $— $(995,578)
(a) See Investment Portfolio for additional detailed categorizations.
(b) Derivatives include unrealized appreciation (depreciation) on open futures contracts.
Derivatives
The following table presents, by major type of derivative contract, the unrealized appreciation (depreciation) of the Fund's derivative instruments as of September 30, 2021 categorized by the primary underlying risk exposure.
Primary Underlying Risk Disclosure Futures
Contracts
Equity Contracts $ (995,578)
OBTAIN AN OPEN-END FUND PROSPECTUS
To obtain a summary prospectus, if available, or prospectus, download one from fundsus.dws.com, talk to your financial representative or call (800) 728-3337. We advise you to carefully consider the product's objectives, risks, charges and expenses before investing. The summary prospectus and prospectus contain this and other important information about the investment product. Please read the prospectus carefully before you invest.
CLOSED-END FUNDS
Closed-end funds, unlike open-end funds, are not continuously offered. There is a one time public offering and once issued, shares of closed-end funds are sold in the open market through a stock exchange. Shares of closed-end funds frequently trade at a discount to net asset value. The price of the fund’s shares is determined by a number of factors, several of which are beyond the control of the fund. Therefore, the fund cannot predict whether its shares will trade at, below or above net asset value.
The brand DWS represents DWS Group GmbH & Co. KGaA and any of its subsidiaries such as DWS Distributors, Inc. which offers investment products or DWS Investment Management Americas Inc. and RREEF America L.L.C. which offer advisory services.
NO BANK GUARANTEE | NOT FDIC INSURED | MAY LOSE VALUE
DE500-PH3
R-080548-1 (1/23)