-----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, OL2qL06AYgX+JFdDdc2x2O+AyZa9Rz2aTLh/lnEpNEYjZoZwjDulHOHs+JrF932J QRTGjLIRwP7fRh9H8IaeYg== 0000088053-11-000287.txt : 20110225 0000088053-11-000287.hdr.sgml : 20110225 20110225104345 ACCESSION NUMBER: 0000088053-11-000287 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20101231 FILED AS OF DATE: 20110225 DATE AS OF CHANGE: 20110225 EFFECTIVENESS DATE: 20110225 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DWS 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: 11638889 BUSINESS ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154-0004 BUSINESS PHONE: 212-454-6778 MAIL ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154-0004 FORMER COMPANY: FORMER CONFORMED NAME: INVESTMENT TRUST DATE OF NAME CHANGE: 19980529 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 0000088064 S000005706 DWS Growth & Income Fund C000015677 Class A SUWAX C000015679 Class B SUWBX C000015680 Class C SUWCX C000015682 Class S SCDGX C000015683 Institutional Class SUWIX N-Q 1 nq123110inv_gro.htm DWS GROWTH & INCOME FUND nq123110inv_gro.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
_______________________________
 
Investment Company Act file number  811-00043
 
DWS Investment Trust
(Exact name of registrant as specified in charter)

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

Paul Schubert
100 Plaza One
Jersey City, NJ 07311
(Name and address of agent for service)
 
Registrant's telephone number, including area code:  (201) 593-6408
 
Date of fiscal year end:  9/30
 
Date of reporting period: 12/31/10

ITEM 1.
SCHEDULE OF INVESTMENTS


Investment Portfolio
as of December 31, 2010  (Unaudited)

DWS Growth & Income Fund
 
Shares
 
Value ($)
 
 
 
Common Stocks 99.2%
 
Consumer Discretionary 10.5%
 
Auto Components 0.1%
 
Goodyear Tire & Rubber Co.*
 
152,300
 
1,804,755
 
Diversified Consumer Services 0.5%
 
Apollo Group, Inc. "A"*
 
76,900
 
3,036,781
 
Career Education Corp.* (a)
 
221,700
 
4,595,841
 
Coinstar, Inc.* (a)
 
38,400
 
2,167,296
 
DeVry, Inc.
 
36,800
 
1,765,664
 
Sotheby's
 
39,400
 
1,773,000
 
 
 
13,338,582
 
Hotels Restaurants & Leisure 1.0%
 
Chipotle Mexican Grill, Inc.* (a)
 
14,400
 
3,062,304
 
McDonald's Corp.
 
82,000
 
6,294,320
 
Panera Bread Co. "A"* (a)
 
34,600
 
3,501,866
 
Starbucks Corp.
 
367,500
 
11,807,775
 
 
 
24,666,265
 
Household Durables 0.2%
 
Garmin Ltd. (a)
 
152,600
 
4,729,074
 
Internet & Catalog Retail 1.0%
 
Liberty Media Corp. - Interactive "A"*
 
797,800
 
12,581,306
 
Priceline.com, Inc.* (a)
 
32,600
 
13,025,330
 
 
 
25,606,636
 
Media 2.8%
 
CBS Corp. "B"
 
207,000
 
3,943,350
 
Comcast Corp. "A" (a)
 
1,238,500
 
27,209,845
 
Liberty Media-Starz "A"*
 
43,100
 
2,865,288
 
McGraw-Hill Companies, Inc. (a)
 
107,500
 
3,914,075
 
News Corp. "A"
 
223,300
 
3,251,248
 
Time Warner, Inc.
 
481,132
 
15,478,016
 
Walt Disney Co. (a)
 
316,700
 
11,879,417
 
 
 
68,541,239
 
Multiline Retail 0.9%
 
Dillard's, Inc. "A" (a)
 
396,800
 
15,054,592
 
Kohl's Corp.*
 
104,700
 
5,689,398
 
 
 
20,743,990
 
Specialty Retail 2.6%
 
Advance Auto Parts, Inc. (a)
 
172,500
 
11,410,875
 
American Eagle Outfitters, Inc.
 
232,300
 
3,398,549
 
AnnTaylor Stores Corp.*
 
65,200
 
1,785,828
 
Barnes & Noble, Inc. (a)
 
191,200
 
2,705,480
 
Chico's FAS, Inc.
 
141,000
 
1,696,230
 
Guess?, Inc. (a)
 
55,400
 
2,621,528
 
Rent-A-Center, Inc.
 
88,500
 
2,856,780
 
Ross Stores, Inc. (a)
 
61,300
 
3,877,225
 
The Gap, Inc. (a)
 
892,400
 
19,757,736
 
TJX Companies, Inc.
 
319,400
 
14,178,166
 
 
 
64,288,397
 
Textiles, Apparel & Luxury Goods 1.4%
 
Coach, Inc. (a)
 
164,200
 
9,081,902
 
Deckers Outdoor Corp.* (a)
 
51,000
 
4,066,740
 
NIKE, Inc. "B" (a)
 
105,400
 
9,003,268
 
VF Corp. (a)
 
135,500
 
11,677,390
 
 
 
33,829,300
 
Consumer Staples 6.9%
 
Beverages 0.2%
 
Molson Coors Brewing Co. "B"
 
96,600
 
4,848,354
 
Food & Staples Retailing 1.4%
 
Wal-Mart Stores, Inc.
 
606,700
 
32,719,331
 
Whole Foods Market, Inc.* (a)
 
19,900
 
1,006,741
 
 
 
33,726,072
 
Food Products 2.7%
 
Archer-Daniels-Midland Co.
 
354,900
 
10,675,392
 
Corn Products International, Inc.
 
108,500
 
4,991,000
 
Fresh Del Monte Produce, Inc. (a)
 
141,300
 
3,525,435
 
H.J. Heinz Co. (a)
 
135,200
 
6,686,992
 
Hormel Foods Corp. (a)
 
51,900
 
2,660,394
 
The Hershey Co. (a)
 
355,500
 
16,761,825
 
Tyson Foods, Inc. "A" (a)
 
1,172,300
 
20,187,006
 
Unilever PLC (ADR) (a)
 
66,300
 
2,047,344
 
 
 
67,535,388
 
Household Products 0.6%
 
Kimberly-Clark Corp.
 
54,300
 
3,423,072
 
Procter & Gamble Co.
 
178,500
 
11,482,905
 
 
 
14,905,977
 
Personal Products 0.4%
 
Estee Lauder Companies, Inc. "A"
 
28,200
 
2,275,740
 
Herbalife Ltd. (a)
 
126,300
 
8,635,131
 
 
 
10,910,871
 
Tobacco 1.6%
 
Lorillard, Inc.
 
201,800
 
16,559,708
 
Philip Morris International, Inc.
 
373,200
 
21,843,396
 
 
 
38,403,104
 
Energy 11.2%
 
Energy Equipment & Services 3.4%
 
Complete Production Services, Inc.* (a)
 
252,200
 
7,452,510
 
Diamond Offshore Drilling, Inc. (a)
 
72,600
 
4,854,762
 
FMC Technologies, Inc.*
 
28,500
 
2,533,935
 
Helmerich & Payne, Inc. (a)
 
44,300
 
2,147,664
 
Nabors Industries Ltd.*
 
276,500
 
6,486,690
 
National Oilwell Varco, Inc.
 
372,000
 
25,017,000
 
Noble Corp. (a)
 
111,200
 
3,977,624
 
Oceaneering International, Inc.*
 
47,500
 
3,497,425
 
Oil States International, Inc.* (a)
 
245,500
 
15,734,095
 
Transocean Ltd.* (a)
 
170,000
 
11,816,700
 
 
 
83,518,405
 
Oil, Gas & Consumable Fuels 7.8%
 
Chevron Corp. (a)
 
295,000
 
26,918,750
 
Cimarex Energy Co.
 
33,600
 
2,974,608
 
CNOOC Ltd. (ADR)
 
8,700
 
2,073,819
 
Devon Energy Corp.
 
297,400
 
23,348,874
 
Exxon Mobil Corp.
 
682,300
 
49,889,776
 
Hess Corp.
 
204,300
 
15,637,122
 
Murphy Oil Corp.
 
233,700
 
17,422,335
 
Newfield Exploration Co.*
 
64,700
 
4,665,517
 
Noble Energy, Inc.
 
93,100
 
8,014,048
 
Occidental Petroleum Corp.
 
152,100
 
14,921,010
 
Valero Energy Corp. (a)
 
1,107,000
 
25,593,840
 
 
 
191,459,699
 
Financials 17.2%
 
Capital Markets 1.8%
 
Ameriprise Financial, Inc.
 
65,700
 
3,781,035
 
BlackRock, Inc.
 
42,300
 
8,061,534
 
Janus Capital Group, Inc.
 
131,900
 
1,710,743
 
Legg Mason, Inc. (a)
 
108,100
 
3,920,787
 
State Street Corp.
 
121,700
 
5,639,578
 
T. Rowe Price Group, Inc. (a)
 
110,100
 
7,105,854
 
The Goldman Sachs Group, Inc.
 
82,400
 
13,856,384
 
 
 
44,075,915
 
Commercial Banks 4.1%
 
CIT Group, Inc.* (a)
 
199,800
 
9,410,580
 
Fifth Third Bancorp. (a)
 
1,150,200
 
16,884,936
 
Huntington Bancshares, Inc. (a)
 
822,100
 
5,647,827
 
KeyCorp (a)
 
1,036,000
 
9,168,600
 
M&T Bank Corp. (a)
 
41,300
 
3,595,165
 
PNC Financial Services Group, Inc.
 
225,100
 
13,668,072
 
SunTrust Banks, Inc.
 
873,800
 
25,785,838
 
Wells Fargo & Co.
 
502,500
 
15,572,475
 
 
 
99,733,493
 
Consumer Finance 2.4%
 
Capital One Financial Corp. (a)
 
928,600
 
39,521,216
 
Discover Financial Services
 
1,050,100
 
19,458,353
 
 
 
58,979,569
 
Diversified Financial Services 2.7%
 
Bank of America Corp.
 
701,200
 
9,354,008
 
Citigroup, Inc.*
 
1,711,300
 
8,094,449
 
CME Group, Inc. (a)
 
18,700
 
6,016,725
 
JPMorgan Chase & Co.
 
878,200
 
37,253,244
 
PHH Corp.*
 
170,000
 
3,935,500
 
The NASDAQ OMX Group, Inc.* (a)
 
120,400
 
2,854,684
 
 
 
67,508,610
 
Insurance 5.8%
 
ACE Ltd.
 
497,500
 
30,969,375
 
Aflac, Inc.
 
123,100
 
6,946,533
 
Allied World Assurance Co. Holdings Ltd. (a)
 
122,700
 
7,293,288
 
Arch Capital Group Ltd.* (a)
 
44,600
 
3,927,030
 
Aspen Insurance Holdings Ltd.
 
95,700
 
2,738,934
 
Assurant, Inc.
 
77,200
 
2,973,744
 
Axis Capital Holdings Ltd.
 
73,300
 
2,630,004
 
Berkshire Hathaway, Inc. "A"* (a)
 
40
 
4,818,000
 
Berkshire Hathaway, Inc. "B"* (a)
 
51,920
 
4,159,311
 
Chubb Corp. (a)
 
369,700
 
22,048,908
 
Everest Re Group Ltd.
 
44,600
 
3,782,972
 
Hartford Financial Services Group, Inc. (a)
 
228,500
 
6,052,965
 
Platinum Underwriters Holdings Ltd. (a)
 
55,200
 
2,482,344
 
The Travelers Companies, Inc. (a)
 
751,900
 
41,888,349
 
 
 
142,711,757
 
Real Estate Investment Trusts 0.4%
 
HCP, Inc. (REIT) (a)
 
125,500
 
4,617,145
 
Public Storage (REIT)
 
37,800
 
3,833,676
 
SL Green Realty Corp. (REIT)
 
35,800
 
2,416,858
 
 
 
10,867,679
 
Health Care 13.6%
 
Biotechnology 1.8%
 
Biogen Idec, Inc.* (a)
 
185,000
 
12,404,250
 
Celgene Corp.*
 
129,600
 
7,664,544
 
Cephalon, Inc.* (a)
 
379,500
 
23,422,740
 
 
 
43,491,534
 
Health Care Providers & Services 8.1%
 
Aetna, Inc.
 
472,900
 
14,428,179
 
AmerisourceBergen Corp. (a)
 
994,800
 
33,942,576
 
Cardinal Health, Inc.
 
1,036,900
 
39,723,639
 
Coventry Health Care, Inc.*
 
644,300
 
17,009,520
 
Health Net, Inc.*
 
115,300
 
3,146,537
 
Humana, Inc.* (a)
 
378,000
 
20,691,720
 
UnitedHealth Group, Inc.
 
1,168,300
 
42,187,313
 
WellPoint, Inc.*
 
489,600
 
27,838,656
 
 
 
198,968,140
 
Pharmaceuticals 3.7%
 
Eli Lilly & Co. (a)
 
862,300
 
30,214,992
 
Endo Pharmaceuticals Holdings, Inc.* (a)
 
311,100
 
11,109,381
 
Forest Laboratories, Inc.*
 
1,311,300
 
41,935,374
 
Medicis Pharmaceutical Corp. "A"
 
96,500
 
2,585,235
 
Par Pharmaceutical Companies, Inc.* (a)
 
144,100
 
5,549,291
 
 
 
91,394,273
 
Industrials 11.5%
 
Aerospace & Defense 3.1%
 
General Dynamics Corp.
 
214,900
 
15,249,304
 
Honeywell International, Inc.
 
170,300
 
9,053,148
 
Northrop Grumman Corp. (a)
 
581,000
 
37,637,180
 
Raytheon Co.
 
303,000
 
14,041,020
 
 
 
75,980,652
 
Air Freight & Logistics 1.6%
 
FedEx Corp. (a)
 
106,200
 
9,877,662
 
United Parcel Service, Inc. "B" (a)
 
410,600
 
29,801,348
 
 
 
39,679,010
 
Airlines 0.2%
 
Alaska Air Group, Inc.*
 
66,000
 
3,741,540
 
Commercial Services & Supplies 0.4%
 
Cintas Corp.
 
109,000
 
3,047,640
 
R.R. Donnelley & Sons Co. (a)
 
377,100
 
6,587,937
 
 
 
9,635,577
 
Construction & Engineering 0.4%
 
EMCOR Group, Inc.* (a)
 
231,100
 
6,697,278
 
KBR, Inc.
 
119,200
 
3,632,024
 
 
 
10,329,302
 
Electrical Equipment 0.2%
 
Rockwell Automation, Inc. (a)
 
52,400
 
3,757,604
 
Industrial Conglomerates 1.1%
 
3M Co. (a)
 
322,400
 
27,823,120
 
Machinery 2.0%
 
Danaher Corp.
 
186,400
 
8,792,488
 
Dover Corp.
 
70,300
 
4,109,035
 
Eaton Corp.
 
118,700
 
12,049,237
 
Ingersoll-Rand PLC (a)
 
164,600
 
7,751,014
 
Oshkosh Corp.*
 
277,600
 
9,782,624
 
Parker Hannifin Corp. (a)
 
44,000
 
3,797,200
 
Trinity Industries, Inc. (a)
 
148,000
 
3,938,280
 
 
 
50,219,878
 
Professional Services 0.3%
 
Manpower, Inc.
 
105,400
 
6,614,904
 
Road & Rail 1.6%
 
Norfolk Southern Corp.
 
298,800
 
18,770,616
 
Ryder System, Inc. (a)
 
410,000
 
21,582,400
 
 
 
40,353,016
 
Trading Companies & Distributors 0.6%
 
W.W. Grainger, Inc. (a)
 
110,900
 
15,316,399
 
Information Technology 18.8%
 
Communications Equipment 1.6%
 
F5 Networks, Inc.*
 
101,500
 
13,211,240
 
Nokia Corp. (ADR) (a)
 
774,900
 
7,996,968
 
Research In Motion Ltd.* (a)
 
247,700
 
14,398,801
 
Tellabs, Inc.
 
470,200
 
3,187,956
 
 
 
38,794,965
 
Computers & Peripherals 0.7%
 
Dell, Inc.*
 
201,200
 
2,726,260
 
Lexmark International, Inc. "A"*
 
381,200
 
13,273,384
 
 
 
15,999,644
 
Electronic Equipment, Instruments & Components 4.0%
 
Anixter International, Inc. (a)
 
39,800
 
2,377,254
 
Arrow Electronics, Inc.* (a)
 
489,600
 
16,768,800
 
Avnet, Inc.*
 
416,800
 
13,766,904
 
FLIR Systems, Inc.* (a)
 
59,300
 
1,764,175
 
Ingram Micro, Inc. "A"*
 
564,700
 
10,780,123
 
Jabil Circuit, Inc. (a)
 
291,400
 
5,854,226
 
Power-One, Inc.* (a)
 
261,300
 
2,665,260
 
Tech Data Corp.*
 
263,600
 
11,603,672
 
Tyco Electronics Ltd.
 
629,100
 
22,270,140
 
Vishay Intertechnology, Inc.* (a)
 
636,200
 
9,339,416
 
 
 
97,189,970
 
Internet Software & Services 0.8%
 
AOL, Inc.*
 
340,900
 
8,082,739
 
IAC/InterActiveCorp.* (a)
 
401,500
 
11,523,050
 
 
 
19,605,789
 
IT Services 5.4%
 
Automatic Data Processing, Inc.
 
296,100
 
13,703,508
 
Cognizant Technology Solutions Corp. "A"*
 
89,700
 
6,574,113
 
Computer Sciences Corp.
 
643,500
 
31,917,600
 
International Business Machines Corp.
 
462,730
 
67,910,255
 
Western Union Co. (a)
 
724,000
 
13,444,680
 
 
 
133,550,156
 
Semiconductors & Semiconductor Equipment 3.4%
 
Altera Corp. (a)
 
239,500
 
8,521,410
 
Analog Devices, Inc.
 
199,000
 
7,496,330
 
Fairchild Semiconductor International, Inc.* (a)
 
193,300
 
3,017,413
 
Intel Corp.
 
2,146,000
 
45,130,380
 
Lam Research Corp.*
 
68,600
 
3,552,108
 
Marvell Technology Group Ltd.*
 
442,400
 
8,206,520
 
Maxim Integrated Products, Inc.
 
162,700
 
3,842,974
 
Micron Technology, Inc.* (a)
 
587,800
 
4,714,156
 
 
 
84,481,291
 
Software 2.9%
 
Activision Blizzard, Inc.
 
736,800
 
9,165,792
 
Microsoft Corp.
 
2,223,640
 
62,084,029
 
 
 
71,249,821
 
Materials 5.3%
 
Chemicals 2.4%
 
Ashland, Inc.
 
152,100
 
7,735,806
 
Cytec Industries, Inc.
 
35,400
 
1,878,324
 
E.I. du Pont de Nemours & Co. (a)
 
488,100
 
24,346,428
 
Lubrizol Corp. (a)
 
200,000
 
21,376,000
 
Potash Corp. of Saskatchewan, Inc. (a)
 
23,300
 
3,607,539
 
 
 
58,944,097
 
Metals & Mining 2.6%
 
Barrick Gold Corp.
 
168,800
 
8,976,784
 
Freeport-McMoRan Copper & Gold, Inc. (a)
 
254,900
 
30,610,941
 
Newmont Mining Corp.
 
420,300
 
25,819,029
 
 
 
65,406,754
 
Paper & Forest Products 0.3%
 
Domtar Corp.
 
48,900
 
3,712,488
 
MeadWestvaco Corp.
 
110,500
 
2,890,680
 
 
 
6,603,168
 
Telecommunication Services 2.5%
 
Diversified Telecommunication Services 2.2%
 
AT&T, Inc.
 
379,180
 
11,140,308
 
Verizon Communications, Inc. (a)
 
1,173,900
 
42,002,142
 
 
 
53,142,450
 
Wireless Telecommunication Services 0.3%
 
Vodafone Group PLC (ADR) (a)
 
325,500
 
8,602,965
 
Utilities 1.7%
 
Electric Utilities 0.9%
 
Duke Energy Corp. (a)
 
787,900
 
14,032,499
 
Exelon Corp.
 
172,100
 
7,166,244
 
 
 
21,198,743
 
Independent Power Producers & Energy Traders 0.6%
 
NRG Energy, Inc.* (a)
 
775,818
 
15,159,484
 
Multi-Utilities 0.2%
 
Ameren Corp. (a)
 
153,900
 
4,338,441
 
 
Total Common Stocks (Cost $2,101,577,452)
 
2,438,305,818
 
 
 
Securities Lending Collateral 30.3%
 
Daily Assets Fund Institutional, 0.27% (b) (c)
(Cost $745,038,096)
   
745,038,096
 
745,038,096
 
 
 
Cash Equivalents 0.8%
 
Central Cash Management Fund, 0.19% (b)
(Cost $18,605,378)
   
18,605,378
 
18,605,378
 

 
% of
Net Assets
 
Value ($)
 
 
Total Investment Portfolio (Cost $2,865,220,926) †
130.3
 
3,201,949,292
 
Other Assets and Liabilities, Net
(30.3)
 
(745,005,026)
 
 
Net Assets
100.0
 
2,456,944,266
 

For information on the Fund's policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements.
*
Non-income producing security.
The cost for federal income tax purposes was $2,884,012,303.  At December 31, 2010, net unrealized appreciation for all securities based on tax cost was $317,936,989.  This consisted of aggregate gross unrealized appreciation for all securities in which there was an excess of value over tax cost of $349,084,166 and aggregate gross unrealized depreciation for all securities in which there was an excess of tax cost over value of $31,147,177.
(a)
All or a portion of these securities were on loan.  The value of all securities loaned at December 31, 2010 amounted to $726,662,722 which is 29.6% of net assets.
(b)
Affiliated fund managed by Deutsche Investment Management Americas Inc.  The rate shown is the annualized seven-day yield at period end.
(c)
Represents collateral held in connection with securities lending.  Income earned by the Fund is net of borrower rebates.
ADR: American Depositary Receipt
REIT: Real Estate Investment Trust

At December 31, 2010, open futures contracts purchased were as follows:

Futures
Currency
Expiration
Date
 
Contracts
   
Notional
Value ($)
   
Unrealized
Appreciation ($)
 
   
S&P 500 E-Mini Index
USD
3/18/2011
    312       19,546,800       308,308  

Currency Abbreviations
 
 
USD
United States Dollar
     



Fair Value Measurements

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

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

   
Level 1
   
Level 2
   
Level 3
   
Total
 
Assets
                 
Common Stocks(d)
  $ 2,438,305,818     $     $     $ 2,438,305,818  
Short-Term Investments(d)
    763,643,474                   763,643,474  
Derivatives(e)
    308,308                   308,308  
Total
  $ 3,202,257,600     $     $     $ 3,202,257,600  

There have been no significant transfers in and out of Level 1 and Level 2 fair value measurements during the period ended December 31, 2010.
(d)
See Investment Portfolio for additional detailed categorizations.
(e)
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 December 31, 2010, categorized by the primary underlying risk exposure. 

 
 
Primary Underlying Risk Disclosure
 
Futures
 
Equity Contracts
  $ 308,308  






ITEM 2.
CONTROLS AND PROCEDURES
   
 
(a)   The Chief Executive and Financial Officers concluded that the Registrant’s Disclosure Controls and Procedures are effective based on the evaluation of the Disclosure Controls and Procedures as of a date within 90 days of the filing date of this report.
   
 
(b)   There have been no changes in the registrant’s internal control over financial reporting that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal controls over financial reporting.
   
ITEM 3.
EXHIBITS
   
 
Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.




SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Registrant:
DWS Growth & Income Fund, a series of DWS Investment Trust
   
By:
/s/Michael G. Clark
Michael G. Clark
President
   
Date:
February 15. 2011


Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.


By:
/s/Michael G. Clark
Michael G. Clark
President
   
Date:
February 15. 2011
   
   
   
By:
/s/Paul Schubert
Paul Schubert
Chief Financial Officer and Treasurer
   
Date:
February 15. 2011

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

 
 
CERTIFICATIONS
 
 
I, Michael G. Clark, certify that:
 
 
1.
I have reviewed this report on Form N-Q of DWS Growth & Income Fund, a series of DWS 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.

   
By:
/s/Michael G. Clark
Michael G. Clark
President
   
Date:
February 15, 2011


 
 

 

CERTIFICATIONS
 
 
I, Paul Schubert, certify that:
 
 
1.
I have reviewed this report on Form N-Q of DWS Growth & Income Fund, a series of DWS 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.
 

   
By:
/s/Paul Schubert
Paul Schubert
Chief Financial Officer and Treasurer
   
Date:
February 15, 2011

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