-----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, CnzpYYDrtKTfe67wfATFWasZOVyEXLYegNGZsTj32UfFj9clZtZEIaXfAc2mWxJP Mb68qzDO2zNOx6d6ZgrS2w== 0000088053-05-001473.txt : 20051229 0000088053-05-001473.hdr.sgml : 20051229 20051229093628 ACCESSION NUMBER: 0000088053-05-001473 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20051031 FILED AS OF DATE: 20051229 DATE AS OF CHANGE: 20051229 EFFECTIVENESS DATE: 20051229 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: 051290024 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 nq103105inv_lcg.htm 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: 07/31/05

Date of reporting period: 10/31/05

Form N-Q is to be used by registered management investment companies, other than small business investment companies registered on Form N-5 (§§ 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. § 3507.

 

ITEM 1. SCHEDULE OF INVESTMENTS

 

 

 

Investment Portfolio                            as of October 31, 2005 (Unaudited)  

 

Scudder Large Company Growth Fund

 

 

Shares

 

Value ($)

 

Common Stocks 98.9%

 

Consumer Discretionary 12.8%

 

Automobiles 1.3%

 

Harley-Davidson, Inc.

 

105,800

 

5,240,274

Hotels Restaurants & Leisure 0.8%

 

Starbucks Corp.*

 

75,000

 

2,121,000

YUM! Brands, Inc.

 

23,500

 

1,195,445

 

3,316,445

Household Durables 0.7%

 

Fortune Brands, Inc.

 

37,600

 

2,856,472

Internet & Catalog Retail 0.9%

 

eBay, Inc.*

 

95,300

 

3,773,880

Media 3.0%

 

Comcast Corp. Special "A"*

 

94,100

 

2,579,281

McGraw-Hill Companies, Inc.

 

84,300

 

4,125,642

Omnicom Group, Inc.

 

65,350

 

5,421,436

 

12,126,359

Multiline Retail 3.1%

 

Kohl's Corp.*

 

72,600

 

3,494,238

Target Corp.

 

160,400

 

8,932,676

 

12,426,914

Specialty Retail 3.0%

 

Bed Bath & Beyond, Inc.*

 

71,900

 

2,913,388

Home Depot, Inc.

 

53,500

 

2,195,640

Lowe's Companies, Inc.

 

41,000

 

2,491,570

Staples, Inc.

 

206,850

 

4,701,701

 

12,302,299

Consumer Staples 9.9%

 

Beverages 2.4%

 

PepsiCo, Inc.

 

162,840

 

9,620,587

Food & Staples Retailing 2.6%

 

Wal-Mart Stores, Inc.

 

96,100

 

4,546,491

Walgreen Co.

 

132,400

 

6,014,932

 

10,561,423

Food Products 1.6%

 

Dean Foods Co.*

 

53,000

 

1,915,950

Kellogg Co.

 

43,300

 

1,912,561

The Hershey Co.

 

45,300

 

2,574,399

TreeHouse Foods, Inc.*

 

10,560

 

272,871

 

6,675,781

Household Products 3.3%

 

Colgate-Palmolive Co.

 

54,850

 

2,904,856

Kimberly-Clark Corp.

 

29,400

 

1,671,096

Procter & Gamble Co.

 

154,600

 

8,656,054

 

13,232,006

 

 


 

 

Energy 12.9%

 

Energy Equipment & Services 4.6%

 

Baker Hughes, Inc.

 

106,700

 

5,864,232

Noble Corp.

 

29,400

 

1,892,772

Schlumberger Ltd.

 

74,200

 

6,735,134

Transocean, Inc.*

 

75,200

 

4,323,248

 

18,815,386

Oil, Gas & Consumable Fuels 8.3%

 

ConocoPhillips

 

99,400

 

6,498,772

Devon Energy Corp.

 

126,300

 

7,625,994

EOG Resources, Inc.

 

151,700

 

10,282,226

Valero Energy Corp.

 

53,600

 

5,640,864

XTO Energy, Inc.

 

82,666

 

3,592,664

 

33,640,520

Financials 5.7%

 

Capital Markets 2.4%

 

Ameriprise Financial, Inc.*

 

14,440

 

537,457

Lehman Brothers Holdings, Inc.

 

39,600

 

4,738,932

The Goldman Sachs Group, Inc.

 

35,700

 

4,511,409

 

9,787,798

Consumer Finance 0.9%

 

American Express Co.

 

72,200

 

3,593,394

Diversified Financial Services 1.0%

 

Citigroup, Inc.

 

90,800

 

4,156,824

Insurance 1.4%

 

AFLAC, Inc.

 

118,600

 

5,666,708

Health Care 21.7%

 

Biotechnology 5.9%

 

Amgen, Inc.*

 

95,400

 

7,227,504

Genentech, Inc.*

 

109,100

 

9,884,460

Gilead Sciences, Inc.*

 

144,200

 

6,813,450

 

23,925,414

Health Care Equipment & Supplies 5.6%

 

Baxter International, Inc.

 

90,800

 

3,471,284

Boston Scientific Corp.*

 

105,400

 

2,647,648

C.R. Bard, Inc.

 

48,200

 

3,006,716

Medtronic, Inc.

 

142,100

 

8,051,386

Zimmer Holdings, Inc.*

 

86,800

 

5,535,236

 

22,712,270

Health Care Providers & Services 2.4%

 

UnitedHealth Group, Inc.

 

169,700

 

9,823,933

Pharmaceuticals 7.8%

 

Abbott Laboratories

 

100,400

 

4,322,220

Eli Lilly & Co.

 

40,700

 

2,026,453

Johnson & Johnson

 

229,706

 

14,384,190

Pfizer, Inc.

 

209,157

 

4,547,073

Teva Pharmaceutical Industries Ltd. (ADR)

 

174,800

 

6,663,376

 

31,943,312

 

 


 

 

Industrials 8.5%

 

Aerospace & Defense 2.0%

 

United Technologies Corp.

 

156,800

 

8,040,704

Air Freight & Logistics 1.3%

 

FedEx Corp.

 

56,600

 

5,203,238

Commercial Services & Supplies 0.1%

 

Acco Brands Corp.*

 

8,818

 

214,366

Electrical Equipment 0.8%

 

Emerson Electric Co.

 

50,500

 

3,512,275

Industrial Conglomerates 3.5%

 

General Electric Co.

 

428,250

 

14,521,957

Machinery 0.8%

 

Caterpillar, Inc.

 

61,100

 

3,213,249

Information Technology 26.6%

 

Communications Equipment 3.5%

 

Cisco Systems, Inc.*

 

424,590

 

7,409,095

QUALCOMM, Inc.

 

166,400

 

6,616,064

 

14,025,159

Computers & Peripherals 5.5%

 

Apple Computer, Inc.*

 

83,100

 

4,785,729

Dell, Inc.*

 

167,600

 

5,343,088

EMC Corp.*

 

493,800

 

6,893,448

International Business Machines Corp.

 

63,400

 

5,191,192

 

22,213,457

Internet Software & Services 1.3%

 

Google, Inc. "A"*

 

2,700

 

1,004,778

Yahoo!, Inc.*

 

115,600

 

4,273,732

 

5,278,510

IT Consulting & Services 3.3%

 

Accenture Ltd. "A"*

 

134,200

 

3,530,802

Fiserv, Inc.*

 

108,800

 

4,752,384

Paychex, Inc.

 

135,200

 

5,240,352

 

13,523,538

Semiconductors & Semiconductor Equipment 6.3%

 

Broadcom Corp. "A"*

 

91,900

 

3,902,074

Intel Corp.

 

437,860

 

10,289,710

Linear Technology Corp.

 

116,260

 

3,860,995

Maxim Integrated Products, Inc.

 

46,900

 

1,626,492

Texas Instruments, Inc.

 

211,800

 

6,046,890

 

25,726,161

Software 6.7%

 

Adobe Systems, Inc.*

 

114,800

 

3,702,300

Electronic Arts, Inc.*

 

78,900

 

4,487,832

Intuit, Inc.*

 

40,100

 

1,841,793

Microsoft Corp.

 

582,300

 

14,965,110

Oracle Corp.*

 

185,300

 

2,349,604

 

27,346,639

Materials 0.8%

 

Chemicals

Ecolab, Inc.

 

96,900

 

3,205,452

Total Common Stocks (Cost $269,313,106)

 

402,222,704

 

 


 

 

 

Exchange Traded Funds 0.4%

 

iShares Nasdaq Biotechnology Index Fund* (a) (Cost $1,866,568)

 

23,500

 

1,744,640

 

Securities Lending Collateral 0.4%

 

Scudder Daily Assets Fund Institutional, 3.89% (b) (c)
(Cost $1,612,500)

 

 

1,612,500

 

1,612,500

 

Cash Equivalents 0.8%

 

Scudder Cash Management QP Trust, 3.83% (d)
(Cost $3,367,365)

 

 

3,367,365

 

3,367,365

 

% of

Net Assets

 

Value ($)

Total Investment Portfolio (Cost $ 276,159,539)

100.5

 

408,947,209

Other Assets and Liabilities, Net

(0.5)

 

(2,213,116)

Net Assets

100.0

 

406,734,093

 

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)

All or a portion of these securities were on loan. The value of all securities loaned at October 31, 2005 amounted to $1,563,265 which is 0.4% of net assets.

(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)

Represents collateral held in connection with securities lending.

(d)

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.

ADR: American Depositary Receipt

 

 

 

 

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 Large Company Growth Fund, a series of Investment Trust

 

 

By:

/s/Vincent J. Esposito

 

Vincent J. Esposito

 

President

 

Date:

December 19, 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 Large Company Growth Fund, a series of Investment Trust

 

 

By:

/s/Vincent J. Esposito

 

Vincent J. Esposito

 

President

 

Date:

December 19, 2005

 

 

 

By:

/s/Paul Schubert

 

Paul Schubert

 

Chief Financial Officer and Treasurer

 

Date:                                                 December 19, 2005

 

 

 

 EX-99.CERT 2 certifications-inv.htm CERTIFICATIONS

CERTIFICATIONS

I, Vincent J. Esposito, certify that:

 

1.

I have reviewed this report on Form N-Q of Scudder Large Company Growth 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 Large Company Growth Fund, a series of Investment Trust

 

By:

/s/Vincent J. Esposito

 

Vincent J. Esposito

 

President

 

Date:

December 19, 2005

 

 


 

CERTIFICATIONS

I, Paul Schubert, certify that:

 

1.

I have reviewed this report on Form N-Q of Scudder Large Company Growth 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 Large Company Growth Fund, a series of Investment Trust

 

By:

/s/Paul Schubert

 

Paul Schubert

 

Chief Financial Officer and Treasurer

 

Date:                                                 December 19, 2005

 

 

 

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