-----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, QCnpOWHDEf+2LX3peyqq5VsGKn1rXh2rEV3WE/O5KgYLc1L5AIm+EJOnlW8NDJ+9 NF1oSUxhapk9dRpkMx9M1Q== 0000088053-05-001040.txt : 20050826 0000088053-05-001040.hdr.sgml : 20050826 20050826141002 ACCESSION NUMBER: 0000088053-05-001040 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050630 FILED AS OF DATE: 20050826 DATE AS OF CHANGE: 20050826 EFFECTIVENESS DATE: 20050826 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INVESTMENT TRUST CENTRAL INDEX KEY: 0000088064 IRS NUMBER: 042212654 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-00043 FILM NUMBER: 051051472 BUSINESS ADDRESS: STREET 1: DEUTSCHE ASSET MANAGEMENT STREET 2: TWO INTERNATIONAL PLACE CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 617-295-3986 MAIL ADDRESS: STREET 1: DEUTSCHE ASSET MANAGEMENT STREET 2: TWO INTERNATIONAL PLACE CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER INVESTMENT TRUST DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER GROWTH & INCOME FUND DATE OF NAME CHANGE: 19910402 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER COMMON STOCK FUND INC DATE OF NAME CHANGE: 19841125 N-Q 1 nq063005inv_gro.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 811-43 Investment Trust ---------------- (Exact name of registrant as specified in charter) Two International Place Boston, MA 02110 ---------------- (Address of principal executive offices) (Zip code) Paul Schubert 345 Park Avenue New York, NY 10154 (Name and address of agent for service) Registrant's telephone number, including area code: (212) 454-7190 -------------- Date of fiscal year end: 09/30 ----- Date of reporting period: 06/30/05 ---------- 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 Growth and Income Fund Investment Portfolio as of June 30, 2005 (Unaudited) - ---------------------------------------------------------------------------------------------------------------------------- Shares Value ($) ------------------------------------------ Common Stocks 99.0% Consumer Discretionary 10.9% Hotels Restaurants & Leisure 0.5% McDonald's Corp. 878,370 24,374,768 ------------- Household Durables 0.4% Harman International Industries, Inc. 269,580 21,933,029 ------------- Media 3.5% Clear Channel Communications, Inc. 797,120 24,654,922 Time Warner, Inc.* 5,046,600 84,328,686 Viacom, Inc. "B" 1,989,030 63,688,740 ------------- 172,672,348 Multiline Retail 3.7% Federated Department Stores, Inc. 1,174,760 86,086,413 J.C. Penney Co., Inc. 904,650 47,566,497 Nordstrom, Inc. 689,110 46,838,806 ------------- 180,491,716 Specialty Retail 2.8% Advance Auto Parts, Inc.* 783,700 50,587,835 Staples, Inc. 1,315,690 28,050,511 The Sherwin-Williams Co. 566,980 26,699,088 Urban Outfitters, Inc.* 517,470 29,335,374 ------------- 134,672,808 Consumer Staples 10.1% Beverages 2.7% Brown-Forman Corp. "B" 215,500 13,029,130 Coca-Cola Co. 1,482,000 61,873,500 PepsiCo, Inc. 1,078,770 58,178,066 ------------- 133,080,696 Food & Staples Retailing 3.3% Costco Wholesale Corp. 2,134,300 95,659,326 Safeway, Inc.* (c) 2,873,800 64,919,142 ------------- 160,578,468 Food Products 1.4% General Mills, Inc. 1,434,500 67,120,255 ------------- Household Products 2.7% Procter & Gamble Co. 2,468,720 130,224,980 ------------- Energy 9.0% Oil, Gas & Consumable Fuels 9.0% Amerada Hess Corp. (c) 884,580 94,216,616 Burlington Resources, Inc. 461,960 25,518,670 ChevronTexaco Corp. 1,591,500 88,996,680 ConocoPhillips 496,060 28,518,490 Devon Energy Corp. 567,400 28,755,832 ExxonMobil Corp. 3,007,168 172,821,945 ------------- 438,828,233 Financials 20.3% Banks 6.4% Bank of America Corp. 4,694,106 214,098,175 Commerce Bancorp, Inc. (c) 867,800 26,303,018 Wachovia Corp. 1,492,900 74,047,840 ------------- 314,449,033 Capital Markets 5.2% Lehman Brothers Holdings, Inc. 1,405,300 139,518,184 The Goldman Sachs Group, Inc. 1,104,190 112,649,464 ------------- 252,167,648 Diversified Financial Services 2.8% CIT Group, Inc. 1,061,130 45,596,756 Citigroup, Inc. 730,379 33,765,421 Countrywide Financial Corp. 635,000 24,517,350 JPMorgan Chase & Co. 908,910 32,102,701 ------------- 135,982,228 Insurance 5.9% AFLAC, Inc. 1,558,000 67,430,240 Allstate Corp. 2,640,580 157,774,655 Hartford Financial Services Group, Inc. 582,000 43,521,960 Prudential Financial, Inc. 281,010 18,451,117 ------------- 287,177,972 Health Care 12.1% Biotechnology 1.5% Amgen, Inc.* 442,230 26,737,226 Genzyme Corp.* 112,130 6,737,892 Invitrogen Corp.* (c) 474,660 39,534,431 ------------- 73,009,549 Health Care Equipment & Supplies 1.3% Fisher Scientific International, Inc.* 395,590 25,673,791 Medtronic, Inc. 790,700 40,950,353 ------------- 66,624,144 Health Care Providers & Services 3.7% Caremark Rx, Inc.* 2,456,670 109,370,948 UnitedHealth Group, Inc. 669,940 34,930,672 WellPoint, Inc.* 515,200 35,878,528 ------------- 180,180,148 Pharmaceuticals 5.6% Allergan, Inc. 581,200 49,541,488 Johnson & Johnson 2,921,450 189,894,250 Watson Pharmaceuticals, Inc.* 1,134,300 33,529,908 ------------- 272,965,646 Industrials 11.6% Aerospace & Defense 4.3% Boeing Co. 1,337,900 88,301,400 Goodrich Corp. 735,250 30,115,840 Lockheed Martin Corp. 1,153,260 74,811,976 United Technologies Corp. 303,360 15,577,536 ------------- 208,806,752 Commercial Services & Supplies 0.9% Waste Management, Inc. 1,591,930 45,115,296 ------------- Electrical Equipment 1.0% Emerson Electric Co. 751,500 47,066,445 ------------- Industrial Conglomerates 4.4% General Electric Co. 2,451,850 84,956,603 Tyco International Ltd. 4,472,300 130,591,160 ------------- 215,547,763 Machinery 1.0% Parker-Hannifin Corp. 802,710 49,776,047 ------------- Information Technology 15.2% Communications Equipment 2.4% Cisco Systems, Inc.* 863,730 16,505,880 Motorola, Inc. 5,619,030 102,603,488 ------------- 119,109,368 Computers & Peripherals 3.6% Dell, Inc.* 665,120 26,278,891 EMC Corp.* 5,166,550 70,833,401 International Business Machines Corp. 1,038,040 77,022,568 ------------- 174,134,860 Internet Software & Services 0.7% Google, Inc. "A"* 108,220 31,832,913 ------------- IT Consulting & Services 1.9% Accenture Ltd. "A"* 1,662,200 37,682,074 Affiliated Computer Services, Inc. "A"* 1,098,590 56,137,949 ------------- 93,820,023 Semiconductors & Semiconductor Equipment 1.2% Applied Materials, Inc. 1,701,440 27,529,299 Broadcom Corp. "A"* 890,790 31,631,953 ------------- 59,161,252 Software 5.4% Cognos, Inc.* 758,495 25,895,019 Microsoft Corp. 1,552,850 38,572,794 Oracle Corp.* 13,164,860 173,776,152 Symantec Corp.* 1,117,240 24,288,798 ------------- 262,532,763 Materials 2.8% Chemicals 1.9% Dow Chemical Co. 1,029,480 45,842,744 PPG Industries, Inc. 778,060 48,831,046 ------------- 94,673,790 Paper & Forest Products 0.9% Georgia-Pacific Corp. 1,301,420 41,385,156 ------------- Telecommunication Services 3.5% Diversified Telecommunication Services ALLTEL Corp. 846,730 52,734,344 Sprint Corp.(c) 3,688,000 92,531,920 Verizon Communications, Inc. 687,600 23,756,580 ------------- 169,022,844 Utilities 3.5% Electric Utilities 2.7% Edison International 735,510 29,824,931 Exelon Corp. 762,980 39,163,763 PG&E Corp. 1,633,310 61,314,457 ------------- 130,303,151 Independent Power Producers & Energy Traders 0.8% Constellation Energy Group, Inc. 709,010 40,902,787 ------------- Total Common Stocks (Cost $4,252,186,415) 4,829,724,879 ------------- Exchange Traded Funds 0.5% SPDR Trust Series 1 (c) (Cost $24,809,245) 204,500 24,372,310 ------------- Securities Lending Collateral 2.9% Scudder Daily Assets Fund Institutional, 3.19% (b)(d) (Cost $140,865,065) 140,865,065 140,865,065 ------------- Cash Equivalents 0.6% Scudder Cash Management QP Trust, 3.14% (a) (Cost $27,609,136) 27,609,136 27,609,136 ------------- % of Net Assets Value ($) Total Investment Portfolio (Cost $4,445,469,861) 103.0 5,022,571,390 Other Assets and Liabilities, Net -3.0 -145,197,102 ------------- Net Assets 100.0 4,877,374,288 =============
For information on the Fund's policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements. * Non-income producing security. (a) 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) 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. (c) All or a portion of these securities were on loan. The value of all securities loaned at June 30, 2005 amounted to $137,028,333 which is 2.8% of net assets. (d) Represents collateral held in connection with securities lending. At June 30, 2005, open written options were as follows: Written # of Expiration Strike Options Options Date Price ($) Value ($) - -------------------------------------------------------------------------------- Call Options Nordstrom, Inc. 1,700 8/20/2005 75.0 136,000 - -------------------------------------------------------------------------------- Total outstanding written options (Premiums received $147,995) 136,000 - -------------------------------------------------------------------------------- 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 Growth and Income Fund, a series of Investment Trust By: /s/ Julian Sluyters --------------------------- Julian Sluyters Chief Executive Officer Date: August 24, 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 Growth and Income Fund, a series of Investment Trust By: /s/ Julian Sluyters --------------------------- Julian Sluyters Chief Executive Officer Date: August 24, 2005 By: /s/ Paul Schubert --------------------------- Paul Schubert Chief Financial Officer Date: August 24, 2005 EX-99.CERT 2 cert-inv_gro.txt CERTIFICATION CERTIFICATIONS I, Julian Sluyters, certify that: 1. I have reviewed this report on Form N-Q of Scudder Growth and Income Fund, a series of Investment Trust; 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 Growth and Income Fund, a series of Investment Trust By: /s/ Julian Sluyters --------------------------- Julian Sluyters Chief Executive Officer Date: August 24, 2005 CERTIFICATIONS I, Paul Schubert, certify that: 1. I have reviewed this report on Form N-Q of Scudder Growth and Income Fund, a series of Investment Trust; 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 Growth and Income Fund, a series of Investment Trust By: /s/ Paul Schubert --------------------------- Paul Schubert Chief Financial Officer Date: August 24, 2005 -----END PRIVACY-ENHANCED MESSAGE-----