0001752724-22-266732.txt : 20221125 0001752724-22-266732.hdr.sgml : 20221125 20221125130605 ACCESSION NUMBER: 0001752724-22-266732 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220930 FILED AS OF DATE: 20221125 DATE AS OF CHANGE: 20221125 PERIOD START: 20221231 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: 221419422 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 S000032010 DWS S&P 500 Index Fund C000099641 Class A SXPAX C000099643 Class C SXPCX C000099644 Class S SCPIX C000188496 Class R6 SXPRX NPORT-P 1 primary_doc.xml NPORT-P false 0000862157 XXXXXXXX S000032010 C000188496 C000099644 C000099643 C000099641 DEUTSCHE DWS INSTITUTIONAL FUNDS 811-06071 0000862157 CRLHTSOT8QQ0BJNV7O60 875 Third Avenue NEW YORK 10022-6225 212-454-4500 DWS S&P 500 Index Fund S000032010 SJW5XLEOU4TXNUYJRK40 2022-12-31 2022-09-30 N 976363067.82 503181.07 975859886.75 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 21923985.25000000 NS USD 976275063.00000000 100.0425446578 Long EC RF US N N/A N N N 2022-10-27 DEUTSCHE DWS INSTITUTIONAL FUNDS Diane Kenneally Diane Kenneally Treasurer and Chief Financial Officer XXXX NPORT-EX 2 NPORT_7294_72612807_0922.htm EDGAR HTML
Investment Portfolioas of September 30, 2022 (Unaudited)
DWS S&P 500 Index Fund
DWS S&P 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, 2022, the Fund owned approximately 69% of the Portfolio’s outstanding interests. The Portfolio’s Schedule of Investments is set forth below. 
 
 
Shares
Value ($)
 
Common Stocks 98.3%
 
Communication Services 7.9%
 
Diversified Telecommunication Services 0.9%
 
AT&T, Inc.
 
   329,500
    5,054,530
Lumen Technologies, Inc.
 
    43,811
      318,944
Verizon Communications, Inc.
 
   194,146
    7,371,724
 
 
 
12,745,198
Entertainment 1.3%
 
Activision Blizzard, Inc.
 
    32,913
    2,446,752
Electronic Arts, Inc.
 
    12,214
    1,413,282
Live Nation Entertainment, Inc.*
 
     6,494
      493,804
Netflix, Inc.*
 
    20,557
    4,839,940
Take-Two Interactive Software, Inc.*
 
7,282
793,738
Walt Disney Co.*
 
84,225
7,944,944
Warner Bros Discovery, Inc.* (a)
 
103,307
1,188,031
 
 
 
19,120,491
Interactive Media & Services 4.7%
 
Alphabet, Inc. "A"*
 
277,272
26,521,067
Alphabet, Inc. "C"*
 
247,858
23,831,547
Match Group, Inc.*
 
12,978
619,699
Meta Platforms, Inc. "A"*
 
105,439
14,305,963
Twitter, Inc.*
 
31,093
1,363,117
 
 
 
66,641,393
Media 0.7%
 
Charter Communications, Inc. "A"*
 
5,132
1,556,792
Comcast Corp. "A"
 
203,580
5,971,001
DISH Network Corp. "A"*
 
11,890
164,439
Fox Corp. "A"
 
14,139
433,785
Fox Corp. "B"
 
6,387
182,029
Interpublic Group of Companies, Inc.
 
17,958
459,725
News Corp. "A"
 
17,301
261,418
News Corp. "B"
 
5,883
90,716
Omnicom Group, Inc.
 
9,652
608,945
Paramount Global "B" (a)
 
23,329
444,184
 
 
 
10,173,034
Wireless Telecommunication Services 0.3%
 
T-Mobile U.S., Inc.*
 
27,805
3,730,597
Consumer Discretionary 11.5%
 
Auto Components 0.1%
 
Aptiv PLC*
 
12,634
988,105
BorgWarner, Inc.
 
10,912
342,637
 
 
 
1,330,742
Automobiles 2.6%
 
Ford Motor Co.
 
182,595
2,045,064
General Motors Co.
 
    67,346
    2,161,133
Tesla, Inc.*
 
   123,129
   32,659,967
 
 
 
36,866,164
Distributors 0.1%
 
Genuine Parts Co.
 
     6,560
      979,539
LKQ Corp.
 
    12,003
      565,941
Pool Corp.
 
     1,842
      586,143
 
 
 
2,131,623
Hotels, Restaurants & Leisure 1.9%
 
Booking Holdings, Inc.*
 
     1,836
    3,016,934
Caesars Entertainment, Inc.*
 
     9,745
      314,374
Carnival Corp.*
 
    45,570
      320,357
Chipotle Mexican Grill, Inc.*
 
     1,283
    1,928,041
Darden Restaurants, Inc.
 
     5,627
      710,803
Domino's Pizza, Inc.
 
1,661
515,242
Expedia Group, Inc.*
 
6,930
649,272
Hilton Worldwide Holdings, Inc.
 
12,659
1,526,929
Las Vegas Sands Corp.*
 
15,283
573,418
Marriott International, Inc. "A"
 
12,807
1,794,773
McDonald's Corp.
 
34,056
7,858,081
MGM Resorts International
 
15,187
451,358
Norwegian Cruise Line Holdings Ltd.*
 
19,574
222,361
Royal Caribbean Cruises Ltd.*
 
10,239
388,058
Starbucks Corp.
 
53,062
4,471,004
Wynn Resorts Ltd.*
 
4,682
295,106
Yum! Brands, Inc.
 
13,060
1,388,800
 
 
 
26,424,911
Household Durables 0.3%
 
D.R. Horton, Inc.
 
14,423
971,389
Garmin Ltd.
 
7,257
582,810
Lennar Corp. "A"
 
11,950
890,872
Mohawk Industries, Inc.*
 
2,393
218,218
Newell Brands, Inc.
 
17,024
236,463
NVR, Inc.*
 
146
582,114
PulteGroup, Inc.
 
10,538
395,175
Whirlpool Corp.
 
2,609
351,719
 
 
 
4,228,760
Internet & Direct Marketing Retail 3.4%
 
Amazon.com, Inc.*
 
409,773
46,304,349
eBay, Inc.
 
25,477
937,808
Etsy, Inc.*
 
5,806
581,355
 
 
 
47,823,512
Leisure Products 0.0%
 
Hasbro, Inc.
 
5,892
397,239
Multiline Retail 0.5%
 
Dollar General Corp.
 
10,494
2,517,091
Dollar Tree, Inc.*
 
9,767
1,329,289
Target Corp.
 
21,430
3,179,997
 
 
 
7,026,377
Specialty Retail 2.2%
 
Advance Auto Parts, Inc.
 
2,845
444,787
AutoZone, Inc.*
 
901
1,929,879
Bath & Body Works, Inc.
 
10,470
341,322
Best Buy Co., Inc.
 
9,454
598,816
CarMax, Inc.*
 
7,336
484,323
Home Depot, Inc.
 
    47,509
   13,109,634
Lowe's Companies, Inc.
 
    29,539
    5,547,720
O'Reilly Automotive, Inc.*
 
     2,947
    2,072,772
Ross Stores, Inc.
 
    16,090
    1,355,904
TJX Companies, Inc.
 
    54,105
    3,361,003
Tractor Supply Co.
 
     5,122
      952,077
Ulta Beauty, Inc.*
 
     2,387
      957,641
 
 
 
31,155,878
Textiles, Apparel & Luxury Goods 0.4%
 
NIKE, Inc. "B"
 
    58,381
    4,852,629
Ralph Lauren Corp.
 
     1,993
      169,265
Tapestry, Inc.
 
    11,637
      330,840
VF Corp.
 
    15,257
      456,337
 
 
 
5,809,071
Consumer Staples 6.8%
 
Beverages 1.8%
 
Brown-Forman Corp. "B"
 
8,326
554,262
Coca-Cola Co.
 
180,176
10,093,460
Constellation Brands, Inc. "A"
 
7,370
1,692,742
Keurig Dr Pepper, Inc.
 
39,348
1,409,445
Molson Coors Beverage Co. "B"
 
8,479
406,907
Monster Beverage Corp.*
 
17,714
1,540,409
PepsiCo, Inc.
 
63,875
10,428,232
 
 
 
26,125,457
Food & Staples Retailing 1.6%
 
Costco Wholesale Corp.
 
20,485
9,674,451
Kroger Co.
 
30,109
1,317,269
Sysco Corp.
 
23,463
1,659,069
Walgreens Boots Alliance, Inc.
 
33,019
1,036,796
Walmart, Inc.
 
65,882
8,544,895
 
 
 
22,232,480
Food Products 1.1%
 
Archer-Daniels-Midland Co.
 
25,901
2,083,736
Campbell Soup Co.
 
9,146
430,960
Conagra Brands, Inc.
 
22,562
736,198
General Mills, Inc.
 
27,581
2,112,980
Hormel Foods Corp.
 
13,454
611,350
Kellogg Co.
 
11,773
820,107
Kraft Heinz Co.
 
36,855
1,229,114
Lamb Weston Holdings, Inc.
 
6,566
508,077
McCormick & Co., Inc.
 
11,543
822,670
Mondelez International, Inc. "A"
 
63,501
3,481,760
The Hershey Co.
 
6,858
1,511,983
The J.M. Smucker Co.
 
4,930
677,431
Tyson Foods, Inc. "A" (a)
 
13,195
869,946
 
 
 
15,896,312
Household Products 1.4%
 
Church & Dwight Co., Inc.
 
11,176
798,414
Clorox Co.
 
5,660
726,687
Colgate-Palmolive Co.
 
38,741
2,721,555
Kimberly-Clark Corp.
 
15,548
1,749,772
Procter & Gamble Co.
 
110,495
13,949,994
 
 
 
19,946,422
Personal Products 0.2%
 
Estee Lauder Companies, Inc. "A"
 
10,715
2,313,369
Tobacco 0.7%
 
Altria Group, Inc.
 
    83,281
    3,362,887
Philip Morris International, Inc.
 
    71,691
    5,951,070
 
 
 
9,313,957
Energy 4.5%
 
Energy Equipment & Services 0.3%
 
Baker Hughes Co.
 
    46,913
      983,296
Halliburton Co.
 
    42,214
    1,039,309
Schlumberger NV
 
    65,077
    2,336,264
 
 
 
4,358,869
Oil, Gas & Consumable Fuels 4.2%
 
APA Corp.
 
    15,115
      516,782
Chevron Corp.
 
    83,275
   11,964,119
ConocoPhillips
 
    58,857
    6,023,425
Coterra Energy, Inc.
 
36,807
961,399
Devon Energy Corp.
 
30,264
1,819,774
Diamondback Energy, Inc.
 
8,227
991,025
EOG Resources, Inc.
 
27,065
3,023,973
EQT Corp.
 
17,085
696,214
Exxon Mobil Corp.
 
192,698
16,824,462
Hess Corp.
 
12,859
1,401,503
Kinder Morgan, Inc.
 
91,088
1,515,704
Marathon Oil Corp.
 
31,467
710,525
Marathon Petroleum Corp.
 
23,062
2,290,749
Occidental Petroleum Corp.
 
34,467
2,117,997
ONEOK, Inc.
 
20,693
1,060,309
Phillips 66
 
22,185
1,790,773
Pioneer Natural Resources Co.
 
11,037
2,389,842
Valero Energy Corp.
 
18,224
1,947,234
Williams Companies, Inc. (a)
 
56,610
1,620,744
 
 
 
59,666,553
Financials 10.8%
 
Banks 3.6%
 
Bank of America Corp.
 
323,017
9,755,113
Citigroup, Inc.
 
89,537
3,731,007
Citizens Financial Group, Inc.
 
22,801
783,442
Comerica, Inc.
 
6,158
437,834
Fifth Third Bancorp.
 
31,683
1,012,589
First Republic Bank
 
8,466
1,105,236
Huntington Bancshares, Inc.
 
66,712
879,264
JPMorgan Chase & Co.
 
135,537
14,163,617
KeyCorp.
 
42,707
684,166
M&T Bank Corp.
 
8,107
1,429,426
PNC Financial Services Group, Inc.
 
18,978
2,835,693
Regions Financial Corp.
 
43,508
873,206
Signature Bank
 
2,859
431,709
SVB Financial Group*
 
2,746
922,052
Truist Financial Corp.
 
61,284
2,668,305
U.S. Bancorp.
 
62,464
2,518,548
Wells Fargo & Co.
 
175,313
7,051,089
Zions Bancorp. NA
 
7,173
364,819
 
 
 
51,647,115
Capital Markets 2.9%
 
Ameriprise Financial, Inc.
 
     4,995
    1,258,490
Bank of New York Mellon Corp.
 
    33,982
    1,308,987
BlackRock, Inc.
 
     6,968
    3,834,351
Cboe Global Markets, Inc.
 
     4,864
      570,888
Charles Schwab Corp.
 
    70,565
    5,071,506
CME Group, Inc.
 
    16,611
    2,942,306
FactSet Research Systems, Inc.
 
     1,743
      697,392
Franklin Resources, Inc.
 
    13,576
      292,155
Intercontinental Exchange, Inc.
 
    25,783
    2,329,494
Invesco Ltd.
 
    21,138
      289,591
MarketAxess Holdings, Inc.
 
     1,729
      384,685
Moody's Corp.
 
     7,301
    1,774,946
Morgan Stanley
 
    61,862
    4,887,717
MSCI, Inc.
 
3,724
1,570,746
Nasdaq, Inc.
 
15,623
885,512
Northern Trust Corp.
 
9,629
823,857
Raymond James Financial, Inc.
 
9,118
901,041
S&P Global, Inc.
 
15,735
4,804,682
State Street Corp.
 
17,085
1,038,939
T. Rowe Price Group, Inc.
 
10,411
1,093,259
The Goldman Sachs Group, Inc.
 
15,775
4,622,864
 
 
 
41,383,408
Consumer Finance 0.5%
 
American Express Co.
 
27,723
3,740,110
Capital One Financial Corp.
 
17,733
1,634,450
Discover Financial Services
 
12,627
1,148,047
Synchrony Financial
 
22,289
628,327
 
 
 
7,150,934
Diversified Financial Services 1.6%
 
Berkshire Hathaway, Inc. "B"*
 
83,441
22,280,416
Insurance 2.2%
 
Aflac, Inc.
 
26,601
1,494,976
Allstate Corp.
 
12,484
1,554,632
American International Group, Inc.
 
35,070
1,665,124
Aon PLC "A"
 
9,756
2,613,340
Arthur J. Gallagher & Co.
 
9,761
1,671,278
Assurant, Inc.
 
2,427
352,570
Brown & Brown, Inc.
 
10,716
648,104
Chubb Ltd.
 
19,278
3,506,283
Cincinnati Financial Corp.
 
7,351
658,429
Everest Re Group Ltd.
 
1,875
492,075
Globe Life, Inc.
 
4,143
413,057
Hartford Financial Services Group, Inc.
 
14,956
926,375
Lincoln National Corp.
 
7,151
314,000
Loews Corp.
 
9,451
471,038
Marsh & McLennan Companies, Inc.
 
23,072
3,444,419
MetLife, Inc.
 
31,018
1,885,274
Principal Financial Group, Inc.
 
10,829
781,312
Progressive Corp.
 
26,994
3,136,973
Prudential Financial, Inc.
 
17,090
1,465,980
Travelers Companies, Inc.
 
10,958
1,678,766
W.R. Berkley Corp.
 
9,394
606,664
Willis Towers Watson PLC
 
5,089
1,022,584
 
 
 
30,803,253
Health Care 14.8%
 
Biotechnology 2.2%
 
AbbVie, Inc. (a)
 
    81,748
   10,971,399
Amgen, Inc.
 
    24,738
    5,575,945
Biogen, Inc.*
 
     6,711
    1,791,837
Gilead Sciences, Inc.
 
    57,906
    3,572,221
Incyte Corp.*
 
     8,617
      574,237
Moderna, Inc.*
 
    15,554
    1,839,260
Regeneron Pharmaceuticals, Inc.*
 
     4,955
    3,413,351
Vertex Pharmaceuticals, Inc.*
 
    11,850
    3,431,049
 
 
 
31,169,299
Health Care Equipment & Supplies 2.6%
 
Abbott Laboratories
 
    80,976
    7,835,238
ABIOMED, Inc.*
 
     2,069
      508,271
Align Technology, Inc.*
 
3,396
703,346
Baxter International, Inc.
 
23,430
1,261,940
Becton, Dickinson & Co.
 
13,192
2,939,573
Boston Scientific Corp.*
 
66,514
2,576,087
DENTSPLY SIRONA, Inc.
 
9,929
281,487
DexCom, Inc.*
 
18,101
1,457,855
Edwards Lifesciences Corp.*
 
28,697
2,371,233
Hologic, Inc.*
 
11,547
745,012
IDEXX Laboratories, Inc.*
 
3,855
1,255,959
Intuitive Surgical, Inc.*
 
16,516
3,095,759
Medtronic PLC
 
61,460
4,962,895
ResMed, Inc.
 
6,734
1,470,032
STERIS PLC
 
4,628
769,544
Stryker Corp.
 
15,567
3,152,940
Teleflex, Inc.
 
2,143
431,729
The Cooper Companies, Inc.
 
2,267
598,261
Zimmer Biomet Holdings, Inc.
 
9,667
1,010,685
 
 
 
37,427,846
Health Care Providers & Services 3.6%
 
AmerisourceBergen Corp.
 
7,184
972,211
Cardinal Health, Inc.
 
12,739
849,436
Centene Corp.*
 
26,463
2,059,086
Cigna Corp.
 
14,103
3,913,159
CVS Health Corp.
 
60,751
5,793,823
DaVita, Inc.*
 
2,597
214,954
Elevance Health, Inc.
 
11,096
5,040,247
HCA Healthcare, Inc.
 
9,958
1,830,181
Henry Schein, Inc.*
 
6,238
410,273
Humana, Inc.
 
5,854
2,840,302
Laboratory Corp. of America Holdings
 
4,195
859,178
McKesson Corp.
 
6,648
2,259,456
Molina Healthcare, Inc.*
 
2,689
886,940
Quest Diagnostics, Inc.
 
5,298
650,011
UnitedHealth Group, Inc.
 
43,247
21,841,465
Universal Health Services, Inc. "B"
 
2,927
258,103
 
 
 
50,678,825
Life Sciences Tools & Services 1.9%
 
Agilent Technologies, Inc.
 
13,803
1,677,755
Bio-Rad Laboratories, Inc. "A"*
 
984
410,466
Bio-Techne Corp.
 
1,801
511,484
Charles River Laboratories International, Inc.*
 
2,417
475,666
Danaher Corp.
 
30,272
7,818,955
Illumina, Inc.*
 
     7,300
    1,392,767
IQVIA Holdings, Inc.*
 
     8,632
    1,563,600
Mettler-Toledo International, Inc.*
 
     1,038
    1,125,317
PerkinElmer, Inc.
 
     5,776
      695,026
Thermo Fisher Scientific, Inc.
 
    18,115
    9,187,747
Waters Corp.*
 
     2,718
      732,582
West Pharmaceutical Services, Inc.
 
     3,429
      843,808
 
 
 
26,435,173
Pharmaceuticals 4.5%
 
Bristol-Myers Squibb Co.
 
    98,771
    7,021,630
Catalent, Inc.*
 
     8,310
      601,312
Eli Lilly & Co.
 
    36,461
   11,789,664
Johnson & Johnson
 
   121,569
   19,859,512
Merck & Co., Inc.
 
   117,133
   10,087,494
Organon & Co.
 
11,277
263,882
Pfizer, Inc.
 
259,507
11,356,026
Viatris, Inc.
 
55,400
472,008
Zoetis, Inc.
 
21,678
3,214,631
 
 
 
64,666,159
Industrials 7.7%
 
Aerospace & Defense 1.6%
 
Boeing Co.*
 
25,791
3,122,774
General Dynamics Corp.
 
10,402
2,206,992
Howmet Aerospace, Inc.
 
17,491
540,997
Huntington Ingalls Industries, Inc.
 
1,814
401,801
L3Harris Technologies, Inc.
 
8,839
1,837,010
Lockheed Martin Corp.
 
10,911
4,214,810
Northrop Grumman Corp.
 
6,722
3,161,491
Raytheon Technologies Corp.
 
68,276
5,589,073
Textron, Inc.
 
9,717
566,113
TransDigm Group, Inc.
 
2,377
1,247,497
 
 
 
22,888,558
Air Freight & Logistics 0.6%
 
C.H. Robinson Worldwide, Inc.
 
5,706
549,545
Expeditors International of Washington, Inc.
 
7,567
668,242
FedEx Corp.
 
10,998
1,632,873
United Parcel Service, Inc. "B"
 
33,835
5,465,706
 
 
 
8,316,366
Airlines 0.2%
 
Alaska Air Group, Inc.*
 
5,698
223,077
American Airlines Group, Inc.*
 
29,356
353,446
Delta Air Lines, Inc.*
 
29,834
837,142
Southwest Airlines Co.*
 
27,617
851,708
United Airlines Holdings, Inc.*
 
15,507
504,443
 
 
 
2,769,816
Building Products 0.4%
 
A.O. Smith Corp.
 
5,909
287,059
Allegion PLC
 
4,085
366,343
Carrier Global Corp.
 
38,942
1,384,778
Fortune Brands Home & Security, Inc.
 
6,135
329,388
Johnson Controls International PLC
 
31,836
1,566,968
Masco Corp.
 
10,441
487,490
Trane Technologies PLC
 
10,708
1,550,625
 
 
 
5,972,651
Commercial Services & Supplies 0.5%
 
Cintas Corp.
 
     3,969
    1,540,726
Copart, Inc.*
 
     9,909
    1,054,318
Republic Services, Inc.
 
     9,477
    1,289,251
Rollins, Inc.
 
    10,874
      377,110
Waste Management, Inc.
 
    17,383
    2,784,931
 
 
 
7,046,336
Construction & Engineering 0.0%
 
Quanta Services, Inc.
 
     6,592
      839,755
Electrical Equipment 0.5%
 
AMETEK, Inc.
 
    10,657
    1,208,610
Eaton Corp. PLC
 
    18,452
    2,460,759
Emerson Electric Co.
 
    27,318
    2,000,224
Generac Holdings, Inc.* (a)
 
     2,990
      532,639
Rockwell Automation, Inc.
 
5,312
1,142,664
 
 
 
7,344,896
Industrial Conglomerates 0.8%
 
3M Co.
 
25,838
2,855,099
General Electric Co.
 
50,716
3,139,828
Honeywell International, Inc.
 
31,159
5,202,618
 
 
 
11,197,545
Machinery 1.6%
 
Caterpillar, Inc.
 
24,413
4,005,685
Cummins, Inc.
 
6,499
1,322,612
Deere & Co.
 
12,856
4,292,490
Dover Corp.
 
6,641
774,208
Fortive Corp.
 
16,601
967,838
IDEX Corp.
 
3,520
703,472
Illinois Tool Works, Inc.
 
13,062
2,359,650
Ingersoll Rand, Inc.
 
18,449
798,104
Nordson Corp.
 
2,484
527,279
Otis Worldwide Corp.
 
19,370
1,235,806
PACCAR, Inc.
 
16,096
1,347,074
Parker-Hannifin Corp.
 
5,890
1,427,206
Pentair PLC
 
7,446
302,531
Snap-on, Inc.
 
2,527
508,811
Stanley Black & Decker, Inc.
 
6,770
509,172
Westinghouse Air Brake Technologies Corp.
 
8,307
675,774
Xylem, Inc.
 
8,298
724,913
 
 
 
22,482,625
Professional Services 0.4%
 
CoStar Group, Inc.*
 
18,293
1,274,107
Equifax, Inc.
 
5,689
975,265
Jacobs Solutions, Inc.
 
5,947
645,190
Leidos Holdings, Inc.
 
6,429
562,345
Nielsen Holdings PLC
 
16,905
468,607
Robert Half International, Inc.
 
5,183
396,499
Verisk Analytics, Inc.
 
7,268
1,239,412
 
 
 
5,561,425
Road & Rail 0.9%
 
CSX Corp.
 
99,209
2,642,928
J.B. Hunt Transport Services, Inc.
 
3,844
601,278
Norfolk Southern Corp.
 
10,890
2,283,089
Old Dominion Freight Line, Inc.
 
     4,210
    1,047,322
Union Pacific Corp.
 
    28,888
    5,627,960
 
 
 
12,202,577
Trading Companies & Distributors 0.2%
 
Fastenal Co.
 
    26,695
    1,229,038
United Rentals, Inc.*
 
     3,245
      876,539
W.W. Grainger, Inc.
 
     2,095
    1,024,853
 
 
 
3,130,430
Information Technology 25.9%
 
Communications Equipment 0.8%
 
Arista Networks, Inc.*
 
    11,402
    1,287,172
Cisco Systems, Inc.
 
   191,483
    7,659,320
F5, Inc.*
 
     2,761
      399,599
Juniper Networks, Inc.
 
    14,716
      384,382
Motorola Solutions, Inc.
 
7,736
1,732,632
 
 
 
11,463,105
Electronic Equipment, Instruments & Components 0.6%
 
Amphenol Corp. "A"
 
27,601
1,848,163
CDW Corp.
 
6,269
978,466
Corning, Inc.
 
34,772
1,009,083
Keysight Technologies, Inc.*
 
8,318
1,308,920
TE Connectivity Ltd.
 
14,811
1,634,542
Teledyne Technologies, Inc.*
 
2,158
728,260
Trimble, Inc.*
 
11,536
626,059
Zebra Technologies Corp. "A"*
 
2,377
622,798
 
 
 
8,756,291
IT Services 4.3%
 
Accenture PLC "A"
 
29,250
7,526,025
Akamai Technologies, Inc.*
 
7,183
576,939
Automatic Data Processing, Inc.
 
19,217
4,346,693
Broadridge Financial Solutions, Inc.
 
5,504
794,337
Cognizant Technology Solutions Corp. "A"
 
24,011
1,379,192
DXC Technology Co.*
 
10,390
254,347
EPAM Systems, Inc.*
 
2,618
948,213
Fidelity National Information Services, Inc.
 
28,136
2,126,238
Fiserv, Inc.*
 
29,561
2,766,023
FleetCor Technologies, Inc.*
 
3,490
614,833
Gartner, Inc.*
 
3,665
1,014,069
Global Payments, Inc.
 
12,814
1,384,553
International Business Machines Corp.
 
41,779
4,963,763
Jack Henry & Associates, Inc.
 
3,317
604,590
Mastercard, Inc. "A"
 
39,457
11,219,203
Paychex, Inc.
 
14,757
1,655,883
PayPal Holdings, Inc.*
 
53,457
4,601,044
VeriSign, Inc.*
 
4,276
742,741
Visa, Inc. "A"
 
75,608
13,431,761
 
 
 
60,950,447
Semiconductors & Semiconductor Equipment 4.7%
 
Advanced Micro Devices, Inc.*
 
74,637
4,729,000
Analog Devices, Inc.
 
24,057
3,352,102
Applied Materials, Inc.
 
40,262
3,298,666
Broadcom, Inc.
 
18,674
8,291,443
Enphase Energy, Inc.*
 
6,255
1,735,575
Intel Corp.
 
189,881
4,893,233
KLA Corp.
 
6,569
1,987,977
Lam Research Corp.
 
     6,340
    2,320,440
Microchip Technology, Inc.
 
    25,615
    1,563,283
Micron Technology, Inc.
 
    51,019
    2,556,052
Monolithic Power Systems, Inc.
 
     2,058
      747,877
NVIDIA Corp.
 
   115,781
   14,054,656
NXP Semiconductors NV
 
    12,096
    1,784,281
ON Semiconductor Corp.*
 
    19,899
    1,240,305
Qorvo, Inc.*
 
     4,667
      370,606
QUALCOMM, Inc.
 
    51,933
    5,867,390
Skyworks Solutions, Inc.
 
     7,323
      624,432
SolarEdge Technologies, Inc.*
 
     2,589
      599,250
Teradyne, Inc.
 
     7,193
      540,554
Texas Instruments, Inc.
 
    42,259
    6,540,848
 
 
 
67,097,970
Software 8.4%
 
Adobe, Inc.*
 
21,637
5,954,502
ANSYS, Inc.*
 
4,079
904,314
Autodesk, Inc.*
 
10,043
1,876,032
Cadence Design Systems, Inc.*
 
12,666
2,070,004
Ceridian HCM Holding, Inc.*
 
7,057
394,345
Citrix Systems, Inc.
 
5,694
592,176
Fortinet, Inc.*
 
30,273
1,487,313
Intuit, Inc.
 
13,039
5,050,266
Microsoft Corp.
 
344,784
80,300,194
NortonLifeLock, Inc.
 
26,927
542,310
Oracle Corp.
 
70,242
4,289,679
Paycom Software, Inc.*
 
2,272
749,737
PTC, Inc.*
 
5,014
524,464
Roper Technologies, Inc.
 
4,877
1,753,964
Salesforce, Inc.*
 
46,007
6,617,647
ServiceNow, Inc.*
 
9,363
3,535,563
Synopsys, Inc.*
 
7,075
2,161,483
Tyler Technologies, Inc.*
 
1,905
661,988
 
 
 
119,465,981
Technology Hardware, Storage & Peripherals 7.1%
 
Apple, Inc.
 
698,442
96,524,685
Hewlett Packard Enterprise Co.
 
59,455
712,271
HP, Inc.
 
42,245
1,052,745
NetApp, Inc.
 
10,181
629,695
Seagate Technology Holdings PLC
 
8,843
470,713
Western Digital Corp.*
 
14,791
481,447
 
 
 
99,871,556
Materials 2.5%
 
Chemicals 1.8%
 
Air Products & Chemicals, Inc.
 
10,238
2,382,690
Albemarle Corp.
 
5,405
1,429,298
Celanese Corp.
 
4,614
416,829
CF Industries Holdings, Inc.
 
9,214
886,847
Corteva, Inc.
 
33,217
1,898,352
Dow, Inc.
 
33,218
1,459,267
DuPont de Nemours, Inc.
 
23,270
1,172,808
Eastman Chemical Co.
 
5,770
409,959
Ecolab, Inc.
 
11,461
1,655,198
FMC Corp.
 
5,735
606,190
International Flavors & Fragrances, Inc.
 
11,774
1,069,432
Linde PLC
 
23,051
6,214,319
LyondellBasell Industries NV "A"
 
    11,788
      887,401
PPG Industries, Inc.
 
    10,805
    1,196,005
Sherwin-Williams Co.
 
    10,910
    2,233,822
The Mosaic Co.
 
    15,962
      771,443
 
 
 
24,689,860
Construction Materials 0.1%
 
Martin Marietta Materials, Inc.
 
     2,890
      930,840
Vulcan Materials Co.
 
     6,155
      970,705
 
 
 
1,901,545
Containers & Packaging 0.3%
 
Amcor PLC
 
    70,217
      753,428
Avery Dennison Corp.
 
     3,678
      598,411
Ball Corp.
 
    14,541
      702,621
International Paper Co.
 
    16,592
      525,966
Packaging Corp. of America
 
4,283
480,938
Sealed Air Corp.
 
6,589
293,276
Westrock Co.
 
11,787
364,101
 
 
 
3,718,741
Metals & Mining 0.3%
 
Freeport-McMoRan, Inc.
 
66,345
1,813,209
Newmont Corp.
 
36,492
1,533,759
Nucor Corp.
 
12,119
1,296,612
 
 
 
4,643,580
Real Estate 2.8%
 
Equity Real Estate Investment Trusts (REITs) 2.7%
 
Alexandria Real Estate Equities, Inc.
 
6,865
962,404
American Tower Corp.
 
21,553
4,627,429
AvalonBay Communities, Inc.
 
6,434
1,185,079
Boston Properties, Inc.
 
6,520
488,804
Camden Property Trust
 
4,900
585,305
Crown Castle, Inc.
 
20,052
2,898,517
Digital Realty Trust, Inc.
 
13,194
1,308,581
Duke Realty Corp.
 
17,691
852,706
Equinix, Inc.
 
4,206
2,392,541
Equity Residential
 
15,611
1,049,371
Essex Property Trust, Inc.
 
3,007
728,386
Extra Space Storage, Inc.
 
6,115
1,056,122
Federal Realty Investment Trust
 
3,378
304,425
Healthpeak Properties, Inc.
 
24,769
567,706
Host Hotels & Resorts, Inc.
 
32,660
518,641
Invitation Homes, Inc.
 
27,033
912,904
Iron Mountain, Inc.
 
13,268
583,394
Kimco Realty Corp.
 
28,393
522,715
Mid-America Apartment Communities, Inc.
 
5,302
822,181
Prologis, Inc.
 
34,260
3,480,816
Public Storage
 
7,319
2,143,076
Realty Income Corp.
 
28,692
1,669,874
Regency Centers Corp.
 
7,016
377,812
SBA Communications Corp.
 
4,976
1,416,418
Simon Property Group, Inc.
 
15,064
1,351,994
UDR, Inc.
 
14,417
601,333
Ventas, Inc.
 
18,624
748,126
VICI Properties, Inc.
 
44,469
1,327,400
Vornado Realty Trust
 
7,444
172,403
Welltower, Inc.
 
    21,584
    1,388,283
Weyerhaeuser Co.
 
    34,330
      980,465
 
 
 
38,025,211
Real Estate Management & Development 0.1%
 
CBRE Group, Inc. "A"*
 
    14,913
    1,006,777
Utilities 3.1%
 
Electric Utilities 2.0%
 
Alliant Energy Corp.
 
    11,479
      608,272
American Electric Power Co., Inc.
 
    23,604
    2,040,566
Constellation Energy Corp. (a)
 
    15,097
    1,255,920
Duke Energy Corp.
 
    35,532
    3,305,187
Edison International
 
    17,757
    1,004,691
Entergy Corp.
 
     9,394
      945,318
Evergy, Inc.
 
    10,736
      637,718
Eversource Energy
 
16,175
1,261,003
Exelon Corp. (a)
 
45,839
1,717,129
FirstEnergy Corp.
 
24,954
923,298
NextEra Energy, Inc.
 
90,795
7,119,236
NRG Energy, Inc.
 
11,145
426,519
PG&E Corp.*
 
74,389
929,863
Pinnacle West Capital Corp.
 
5,424
349,902
PPL Corp.
 
34,018
862,356
Southern Co.
 
48,979
3,330,572
Xcel Energy, Inc.
 
25,474
1,630,336
 
 
 
28,347,886
Gas Utilities 0.0%
 
Atmos Energy Corp.
 
6,441
656,016
Independent Power & Renewable Electricity Producers 0.1%
 
AES Corp.
 
31,450
710,770
Multi-Utilities 0.9%
 
Ameren Corp.
 
12,083
973,286
CenterPoint Energy, Inc.
 
29,048
818,573
CMS Energy Corp.
 
13,388
779,717
Consolidated Edison, Inc.
 
16,431
1,409,122
Dominion Energy, Inc.
 
38,391
2,653,202
DTE Energy Co.
 
9,005
1,036,025
NiSource, Inc.
 
18,567
467,703
Public Service Enterprise Group, Inc.
 
23,035
1,295,258
Sempra Energy
 
14,492
2,172,930
WEC Energy Group, Inc.
 
14,556
1,301,743
 
 
 
12,907,559
Water Utilities 0.1%
 
American Water Works Co., Inc.
 
8,342
1,085,795
Total Common Stocks (Cost $429,037,530)
1,394,152,907
 
 
 
Principal
Amount ($)
Value ($)
 
Government & Agency Obligations 0.2%
U.S. Treasury Obligations
 
U.S. Treasury Bills, 0.323% (b), 11/25/2022 (c) (Cost $2,652,604)
 
 2,660,000
    2,648,981
 
 
 
Shares
Value ($)
 
Securities Lending Collateral 0.2%
DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional
Shares", 2.79% (d) (e)
(Cost $3,192,329)
 
 3,192,329
    3,192,329
 
Cash Equivalents 1.6%
DWS Central Cash Management Government Fund, 2.84% (d) (Cost $22,389,681)
 
22,389,681
   22,389,681
 
 
 
 
% of
Net Assets
Value ($)
Total Investment Portfolio (Cost $457,272,144)
 
100.3
1,422,383,898
Other Assets and Liabilities, Net
 
(0.3)
(4,228,435)
Net Assets
 
100.0
1,418,155,463
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, 2022 are as follows: 
Value ($) at
12/31/2021
Purchases
Cost ($)
Sales
Proceeds ($)
Net Realized
Gain/
(Loss) ($)
Net Change in
Unrealized
Appreciation
(Depreciation) ($)
Income ($)
Capital Gain
Distributions ($)
Number
of Shares
at
9/30/2022
Value ($) at
9/30/2022
Securities Lending Collateral 0.2%
DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", 2.79% (d) (e)
12,413,546
—
9,221,217 (f)
—
—
6,357
—
3,192,329
3,192,329
Cash Equivalents 1.6%
DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", 2.84% (d)
25,082,012
140,474,516
143,166,847
—
—
97,269
—
22,389,681
22,389,681
37,495,558
140,474,516
152,388,064
—
—
103,626
—
25,582,010
25,582,010
 
*
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, 2022 amounted to $2,922,436, which is 0.2% of net assets.
(b)
Annualized yield at time of purchase; not a coupon rate.
(c)
At September 30, 2022, this security has been pledged, in whole or in part, to cover initial margin requirements for open futures
contracts.
(d)
Affiliated fund managed by DWS Investment Management Americas, Inc. The rate shown is the annualized seven-day yield at
period end.
(e)
Represents cash collateral held in connection with securities lending. Income earned by the Fund is net of borrower rebates.
(f)
Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount invested in cash collateral for the period
ended September 30, 2022.
At September 30, 2022, open futures contracts purchased were as follows: 
Futures
Currency
Expiration
Date
Contracts
Notional
Amount ($)
Notional
Value ($)
Unrealized
Depreciation ($)
S&P 500 E-Mini
Index
USD
12/16/2022
133
26,180,026
23,949,975
(2,230,051)
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, 2022 in valuing the Fund's investments.  
Assets
Level 1
Level 2
Level 3
Total
Common Stocks
 
 
 
 
Communication Services
$112,410,713
$—
$—
$112,410,713
Consumer Discretionary
163,194,277
—
—
163,194,277
Consumer Staples
95,827,997
—
—
95,827,997
Energy
64,025,422
—
—
64,025,422
Financials
153,265,126
—
—
153,265,126
Health Care
210,377,302
—
—
210,377,302
Industrials
109,752,980
—
—
109,752,980
Information Technology
367,013,174
592,176
—
367,605,350
Materials
34,953,726
—
—
34,953,726
Real Estate
39,031,988
—
—
39,031,988
Utilities
43,708,026
—
—
43,708,026
Government & Agency Obligations
—
2,648,981
—
2,648,981
Short-Term Investments (a)
25,582,010
—
—
25,582,010
Total
$1,419,142,741
$3,241,157
$—
$1,422,383,898
 
Liabilities
Level 1
Level 2
Level 3
Total
Derivatives (b)
 
 
 
 
Futures Contracts
$(2,230,051)
$—
$—
$(2,230,051)
Total
$(2,230,051)
$—
$—
$(2,230,051)
 
(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, 2022 categorized by the primary underlying risk exposure. 
Primary Underlying Risk Disclosure
Futures
Contracts
Equity Contracts
$ (2,230,051)
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
DSPF500IF-PH3
R-080548-1 (1/23)