0000088053-12-000934.txt : 20120827 0000088053-12-000934.hdr.sgml : 20120827 20120827123806 ACCESSION NUMBER: 0000088053-12-000934 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20120630 FILED AS OF DATE: 20120827 DATE AS OF CHANGE: 20120827 EFFECTIVENESS DATE: 20120827 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: 121056378 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 S000031150 DWS Small Cap Growth Fund C000096644 Institutional Class SSDIX C000096645 Class A SSDAX C000096646 Class B SSDBX C000096647 Class C SSDCX C000096648 Class S SSDSX C000113854 Class R SSDGX N-Q 1 nq063012scg.htm DWS SMALL CAP GROWTH FUND nq063012scg.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
60 Wall Street
New York, NY 10005
(Name and address of agent for service)
 
Registrant's telephone number, including area code:  (212) 250-3220
 
Date of fiscal year end:  9/30
 
Date of reporting period:  6/30/2012

ITEM 1.
SCHEDULE OF INVESTMENTS


Investment Portfolio   as of June 30, 2012  (Unaudited)

DWS Small Cap Growth Fund
 
Shares
  
Value ($)
  
 
 
Common Stocks 94.1%
  
Consumer Discretionary 11.3%
  
Auto Components 0.7%
  
Tenneco, Inc.* (a)
  
27,474
  
736,853
  
Hotels, Restaurants & Leisure 2.3%
  
Buffalo Wild Wings, Inc.*
  
19,085
  
1,653,525
  
Red Robin Gourmet Burgers, Inc.* (a)
  
20,902
  
637,720
  
 
 
2,291,245
  
Media 1.3%
  
Cinemark Holdings, Inc.
  
59,552
  
1,360,763
  
Specialty Retail 4.1%
  
Advance Auto Parts, Inc.
  
14,512
  
990,009
  
Children's Place Retail Stores, Inc.*
  
27,067
  
1,348,749
  
DSW, Inc. "A"
  
22,718
  
1,235,859
  
Guess?, Inc.
  
20,655
  
627,292
  
 
 
4,201,909
  
Textiles, Apparel & Luxury Goods 2.9%
  
Carter's, Inc.*
  
23,765
  
1,250,039
  
Deckers Outdoor Corp.* (a)
  
6,651
  
292,710
  
True Religion Apparel, Inc.
  
48,908
  
1,417,354
  
 
 
2,960,103
  
Consumer Staples 4.6%
  
Food Products
  
Hain Celestial Group, Inc.* (a)
  
25,823
  
1,421,298
  
Smart Balance, Inc.*
  
140,289
  
1,317,314
  
Snyder's-Lance, Inc.
  
19,960
  
503,591
  
TreeHouse Foods, Inc.*
  
23,846
  
1,485,367
  
 
 
4,727,570
  
Energy 9.1%
  
Energy Equipment & Services 3.7%
  
Atwood Oceanics, Inc.* (a)
  
24,477
  
926,210
  
Dril-Quip, Inc.*
  
23,061
  
1,512,571
  
Hornbeck Offshore Services, Inc.*
  
19,838
  
769,317
  
Tesco Corp.*
  
45,248
  
542,976
  
 
 
3,751,074
  
Oil, Gas & Consumable Fuels 5.4%
  
Americas Petrogas, Inc.*
  
237,685
  
441,238
  
Approach Resources, Inc.* (a)
  
40,857
  
1,043,488
  
Clean Energy Fuels Corp.* (a)
  
37,195
  
576,523
  
Energy XXI (Bermuda) Ltd.
  
35,859
  
1,122,028
  
Rex Energy Corp.* (a)
  
117,711
  
1,319,540
  
Rosetta Resources, Inc.* (a)
  
27,300
  
1,000,272
  
 
 
5,503,089
  
Financials 6.8%
  
Capital Markets 2.6%
  
Waddell & Reed Financial, Inc. "A" (a)
  
44,639
  
1,351,669
  
WisdomTree Investments, Inc.*
  
196,570
  
1,291,465
  
 
 
2,643,134
  
Commercial Banks 1.0%
  
Prosperity Bancshares, Inc. (a)
  
24,472
  
1,028,558
  
Consumer Finance 1.3%
  
DFC Global Corp.*
  
71,703
  
1,321,486
  
Diversified Financial Services 1.9%
  
Portfolio Recovery Associates, Inc.* (a)
  
21,314
  
1,945,116
  
Health Care 23.8%
  
Biotechnology 2.9%
  
Alkermes PLC*
  
54,513
  
925,086
  
Halozyme Therapeutics, Inc.* (a)
  
110,576
  
979,703
  
Incyte Corp.* (a)
  
45,501
  
1,032,873
  
 
 
2,937,662
  
Health Care Equipment & Supplies 7.0%
  
ABIOMED, Inc.* (a)
  
27,684
  
631,749
  
Accuray, Inc.*
  
169,628
  
1,160,255
  
Analogic Corp.
  
7,833
  
485,646
  
AtriCure, Inc.*
  
52,936
  
508,715
  
CONMED Corp.
  
48,028
  
1,328,935
  
NxStage Medical, Inc.*
  
36,466
  
611,170
  
Thoratec Corp.*
  
40,870
  
1,372,415
  
Volcano Corp.*
  
34,953
  
1,001,403
  
 
 
7,100,288
  
Health Care Providers & Services 5.9%
  
Centene Corp.*
  
44,574
  
1,344,352
  
ExamWorks Group, Inc.*
  
74,283
  
982,764
  
Metropolitan Health Networks, Inc.*
  
154,625
  
1,479,761
  
Molina Healthcare, Inc.*
  
44,329
  
1,039,959
  
Universal American Corp.*
  
50,376
  
530,459
  
WellCare Health Plans, Inc.*
  
12,975
  
687,675
  
 
 
6,064,970
  
Health Care Technology 1.3%
  
ePocrates, Inc.* (a)
  
36,398
  
291,912
  
SXC Health Solutions Corp.* (a)
  
10,077
  
999,739
  
 
 
1,291,651
  
Pharmaceuticals 6.7%
  
Auxilium Pharmaceuticals, Inc.*
  
20,606
  
554,095
  
Flamel Technologies SA (ADR)*
  
74,982
  
326,172
  
Nektar Therapeutics* (a)
  
61,281
  
494,538
  
Pacira Pharmaceuticals, Inc.* (a)
  
123,850
  
1,986,554
  
Par Pharmaceutical Companies, Inc.*
  
39,997
  
1,445,491
  
Questcor Pharmaceuticals, Inc.* (a)
  
22,082
  
1,175,646
  
VIVUS, Inc.*
  
30,895
  
881,743
  
 
 
6,864,239
  
Industrials 13.1%
  
Aerospace & Defense 1.4%
  
BE Aerospace, Inc.*
  
33,543
  
1,464,487
  
Construction & Engineering 0.9%
  
MYR Group, Inc.*
  
55,750
  
951,095
  
Electrical Equipment 1.0%
  
General Cable Corp.*
  
39,241
  
1,017,912
  
Machinery 6.5%
  
Altra Holdings, Inc. (a)
  
43,142
  
680,781
  
Chart Industries, Inc.*
  
27,796
  
1,911,253
  
RBC Bearings, Inc.*
  
31,818
  
1,504,991
  
Sauer-Danfoss, Inc.
  
36,846
  
1,287,031
  
WABCO Holdings, Inc.*
  
22,965
  
1,215,537
  
 
 
6,599,593
  
Professional Services 1.6%
  
TrueBlue, Inc.*
  
103,633
  
1,604,239
  
Trading Companies & Distributors 1.7%
  
Applied Industrial Technologies, Inc. (a)
  
19,037
  
701,513
  
United Rentals, Inc.* (a)
  
30,863
  
1,050,577
  
 
 
1,752,090
  
Information Technology 21.2%
  
Communications Equipment 2.5%
  
Aruba Networks, Inc.* (a)
  
41,484
  
624,334
  
Finisar Corp.* (a)
  
37,047
  
554,223
  
Procera Networks, Inc.*
  
27,492
  
668,331
  
Sycamore Networks, Inc.*
  
48,011
  
697,120
  
 
 
2,544,008
  
Electronic Equipment, Instruments & Components 1.7%
  
Cognex Corp.
  
36,352
  
1,150,541
  
Coherent, Inc.*
  
13,525
  
585,632
  
 
 
1,736,173
  
Internet Software & Services 1.8%
  
MercadoLibre, Inc. (a)
  
6,221
  
471,552
  
NIC, Inc. (a)
  
55,124
  
700,075
  
Saba Software, Inc.*
  
69,799
  
647,734
  
 
 
1,819,361
  
IT Services 4.9%
  
Cardtronics, Inc.*
  
52,634
  
1,590,073
  
FleetCor Technologies, Inc.*
  
25,476
  
892,679
  
MAXIMUS, Inc.
  
22,047
  
1,140,932
  
Syntel, Inc.
  
23,645
  
1,435,252
  
 
 
5,058,936
  
Semiconductors & Semiconductor Equipment 1.7%
  
Cavium, Inc.* (a)
  
40,499
  
1,133,972
  
EZchip Semiconductor Ltd.* (a)
  
14,932
  
597,877
  
 
 
1,731,849
  
Software 8.6%
  
Actuate Corp.*
  
42,529
  
294,726
  
Allot Communications Ltd.*
  
23,020
  
641,337
  
Concur Technologies, Inc.* (a)
  
15,469
  
1,053,439
  
Kenexa Corp.* (a)
  
45,928
  
1,333,290
  
NICE Systems Ltd. (ADR)*
  
24,608
  
900,653
  
NQ Mobile, Inc. (ADR)* (a)
  
82,160
  
672,890
  
Parametric Technology Corp.*
  
53,673
  
1,124,986
  
QLIK Technologies, Inc.*
  
46,288
  
1,023,891
  
TiVo, Inc.*
  
47,792
  
395,240
  
Ultimate Software Group, Inc.*
  
15,244
  
1,358,545
  
 
 
8,798,997
  
Materials 4.2%
  
Chemicals 1.0%
  
Westlake Chemical Corp. (a)
  
18,876
  
986,460
  
Metals & Mining 1.4%
  
Detour Gold Corp.*
  
27,479
  
553,574
  
Haynes International, Inc. (a)
  
10,669
  
543,479
  
Thompson Creek Metals Co., Inc.* (a)
  
111,615
  
356,052
  
 
 
1,453,105
  
Paper & Forest Products 1.8%
  
Fortress Paper Ltd. "A"*
  
16,198
  
289,085
  
Schweitzer-Mauduit International, Inc.
  
22,230
  
1,514,753
  
 
 
1,803,838
  
 
Total Common Stocks (Cost $84,017,920)
  
96,051,853
  
 
 
Securities Lending Collateral 20.3%
  
Daily Assets Fund Institutional, 0.24% (b) (c)
(Cost $20,675,810)
    
20,675,810
  
20,675,810
  
 
 
Cash Equivalents 5.8%
  
Central Cash Management Fund, 0.14% (b)
(Cost $5,972,935)
    
5,972,935
  
5,972,935
  

 
% of
Net Assets
  
Value ($)
  
 
Total Investment Portfolio (Cost $110,666,665) †
120.2
  
122,700,598
  
Other Assets and Liabilities, Net
(20.2)
  
(20,640,492)
  
 
Net Assets
100.0
  
102,060,106
  

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 $110,705,371.  At June 30, 2012, net unrealized appreciation for all securities based on tax cost was $11,995,227.  This consisted of aggregate gross unrealized appreciation for all securities in which there was an excess of value over tax cost of $17,468,901 and aggregate gross unrealized depreciation for all securities in which there was an excess of tax cost over value of $5,473,674.
(a)
All or a portion of these securities were on loan.  The value of all securities loaned at June 30, 2012 amounted to $20,905,310, which is 20.5% 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
 
 
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 June 30, 2012 in valuing the Fund's investments.

Assets
  
Level 1
    
Level 2
    
Level 3
    
Total
  
Common Stocks(d)
   $ 96,051,853     $ —     $ —     $ 96,051,853  
Short-Term Investments(d)
     26,648,745       —       —       26,648,745  
Total
   $ 122,700,598     $ —     $ —     $ 122,700,598  

There have been no transfers between Level 1 and Level 2 fair value measurements during the period ended June 30, 2012.
  
(d)
See Investment Portfolio for additional detailed categorizations.
 


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 Small Cap Growth Fund, a series of DWS Investment Trust
   
By:
/s/W. Douglas Beck
W. Douglas Beck
President
   
Date:
August 15, 2012
 
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/W. Douglas Beck
W. Douglas Beck
President
   
Date:
August 15, 2012
   
   
   
By:
/s/Paul Schubert
Paul Schubert
Chief Financial Officer and Treasurer
   
Date:
August 15, 2012

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

 
CERTIFICATIONS
 
 
I, W. Douglas Beck, certify that:
 
 
1.
I have reviewed this report on Form N-Q of DWS Small Cap Growth 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/W. Douglas Beck
W. Douglas Beck
President
   
Date:
August 15, 2012


 
 
 

CERTIFICATIONS
 
 
I, Paul Schubert, certify that:
 
 
1.
I have reviewed this report on Form N-Q of DWS Small Cap Growth 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:
August 15, 2012