nq063013cgf.htm

0000088053-13-000948.txt : 20130823 0000088053-13-000948.hdr.sgml : 20130823 20130823144843 ACCESSION NUMBER: 0000088053-13-000948 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20130630 FILED AS OF DATE: 20130823 DATE AS OF CHANGE: 20130823 EFFECTIVENESS DATE: 20130823 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: 131057527 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 S000005705 DWS Capital Growth Fund

C000015670 Class A SDGAX

C000015672 Class B SDGBX

C000015673 Class C SDGCX

C000015674 Class R SDGRX

C000015675 Class S SCGSX

C000015676 Institutional Class SDGTX

N-Q 1 nq063013cgf.htm DWS CAPITAL GROWTH FUND nq063013cgf.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: 6/30/2013

ITEM 1.

SCHEDULE OF INVESTMENTS

Investment Portfolio

as of June 30, 2013 (Unaudited)

DWS Capital Growth Fund

			Shares			Value ($)
	Common Stocks 98.9%
Consumer Discretionary 19.5%
Auto Components 0.8%
BorgWarner, Inc.* (a)		130,144				11,211,906
Hotels, Restaurants & Leisure 3.3%
Brinker International, Inc. (a)		282,094				11,122,966
Las Vegas Sands Corp.		285,812				15,128,029
Norwegian Cruise Line Holdings Ltd.* (a)		119,938				3,635,321
Starwood Hotels & Resorts Worldwide, Inc. (a)		270,029				17,063,133

						46,949,449
Household Durables 0.0%
Taylor Morrison Home Corp. "A"*		8,832				215,324
Internet & Catalog Retail 1.5%
Amazon.com, Inc.*		79,025				21,944,452
Media 3.4%
Comcast Corp. "A"		663,240				27,776,491
News Corp. "A"*		620,839				20,239,352

						48,015,843
Multiline Retail 1.1%
Dollar General Corp.*		309,148				15,590,334
Specialty Retail 5.3%
Dick's Sporting Goods, Inc. (a)		367,425				18,393,296
GNC Holdings, Inc. "A" (a)		189,444				8,375,319
Home Depot, Inc.		355,287				27,524,084
L Brands, Inc. (a)		412,578				20,319,466

						74,612,165
Textiles, Apparel & Luxury Goods 4.1%
NIKE, Inc. "B"		664,722				42,329,497
VF Corp.		80,076				15,459,472

						57,788,969
Consumer Staples 12.2%
Beverages 3.7%
Beam, Inc.		290,395				18,326,828
PepsiCo., Inc.		415,207				33,959,781

						52,286,609
Food & Staples Retailing 4.4%
Costco Wholesale Corp.		253,099				27,985,156
Whole Foods Market, Inc.		650,768				33,501,537

						61,486,693
Food Products 4.1%
Hillshire Brands Co.		538,113				17,800,778
Kraft Foods Group, Inc.		222,627				12,438,170
Mead Johnson Nutrition Co.		165,251				13,092,837
Mondelez International, Inc. "A"		524,928				14,976,196

						58,307,981
Energy 4.8%
Energy Equipment & Services 2.5%
Cameron International Corp.*		184,562				11,287,812
Schlumberger Ltd.		333,165				23,874,604

						35,162,416
Oil, Gas & Consumable Fuels 2.3%
Anadarko Petroleum Corp.		197,297				16,953,731
Concho Resources, Inc.*		89,343				7,479,796
Pioneer Natural Resources Co.		52,556				7,607,481

						32,041,008
Financials 5.3%
Capital Markets 3.0%
Affiliated Managers Group, Inc.*		156,674				25,685,136
Ameriprise Financial, Inc.		129,864				10,503,400
Charles Schwab Corp.		262,239				5,567,334

						41,755,870
Consumer Finance 1.3%
Discover Financial Services		396,578				18,892,976
Real Estate Investment Trusts 0.9%
American Tower Corp. (REIT)		172,224				12,601,630
Real Estate Management & Development 0.1%
Realogy Holdings Corp.*		32,080				1,541,123
Health Care 14.4%
Biotechnology 7.7%
Celgene Corp.*		348,955				40,796,329
Cepheid, Inc.* (a)		295,055				10,155,793
Gilead Sciences, Inc.* (a)		839,870				43,009,743
Medivation, Inc.* (a)		309,546				15,229,663

						109,191,528
Health Care Equipment & Supplies 1.6%
CareFusion Corp.*		405,967				14,959,884
St. Jude Medical, Inc. (a)		182,542				8,329,392

						23,289,276
Health Care Providers & Services 3.8%
Express Scripts Holding Co.*		526,386				32,472,752
McKesson Corp.		184,631				21,140,250

						53,613,002
Life Sciences Tools & Services 1.3%
Thermo Fisher Scientific, Inc. (a)		215,870				18,269,078
Industrials 12.5%
Aerospace & Defense 2.1%
Boeing Co.		144,483				14,800,839
TransDigm Group, Inc.		98,233				15,399,987

						30,200,826
Commercial Services & Supplies 0.9%
Stericycle, Inc.* (a)		110,538				12,206,711
Electrical Equipment 3.4%
AMETEK, Inc.		526,137				22,255,595
Regal-Beloit Corp.		97,370				6,313,471
Roper Industries, Inc.		156,955				19,496,950

						48,066,016
Industrial Conglomerates 1.2%
General Electric Co.		730,672				16,944,284
Machinery 3.7%
Dover Corp. (a)		221,068				17,168,141
Parker Hannifin Corp.		264,512				25,234,445
SPX Corp.		141,015				10,150,259

						52,552,845
Road & Rail 1.2%
Norfolk Southern Corp.		242,370				17,608,181
Information Technology 25.4%
Communications Equipment 2.4%
QUALCOMM, Inc.		551,578				33,690,384
Computers & Peripherals 5.7%
Apple, Inc.		141,888				56,198,999
EMC Corp.		1,017,369				24,030,256
Stratasys Ltd.*		13,724				1,149,248

						81,378,503
Internet Software & Services 4.7%
eBay, Inc.*		250,984				12,980,892
Google, Inc. "A"*		60,964				53,670,877

						66,651,769
IT Services 5.6%
Accenture PLC "A"		306,262				22,038,613
International Business Machines Corp.		116,244				22,215,391
Visa, Inc. "A" (a)		196,668				35,941,077

						80,195,081
Semiconductors & Semiconductor Equipment 0.5%
Broadcom Corp. "A"		198,136				6,689,071
Software 6.5%
Check Point Software Technologies Ltd.* (a)		204,405				10,154,840
Citrix Systems, Inc.*		209,766				12,655,183
Microsoft Corp.		571,826				19,745,152
Oracle Corp.		1,388,595				42,657,639
Solera Holdings, Inc.		114,325				6,362,186

						91,575,000
Materials 4.0%
Chemicals
Ecolab, Inc. (a)		254,736				21,700,960
LyondellBasell Industries NV "A"		170,052				11,267,645
Monsanto Co.		243,376				24,045,549

						57,014,154
Telecommunication Services 0.5%
Wireless Telecommunication Services
Crown Castle International Corp.*		102,956				7,452,985
Utilities 0.3%
Water Utilities
American Water Works Co., Inc.		115,817				4,775,135

Total Common Stocks (Cost $1,008,944,329)				1,401,768,577
	Securities Lending Collateral 14.0%
Daily Assets Fund Institutional, 0.10% (b) (c) (Cost $198,794,095)		198,794,095				198,794,095
	Cash Equivalents 2.3%
Central Cash Management Fund, 0.07% (b) (Cost $31,703,511)		31,703,511				31,703,511

			% of Net Assets			Value ($)

Total Investment Portfolio (Cost $1,239,441,935) †		115.2			1,632,266,183
Other Assets and Liabilities, Net		(15.2)			(215,160,714)

Net Assets		100.0			1,417,105,469

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 $1,241,306,745. At June 30, 2013, net unrealized appreciation for all securities based on tax cost was $390,959,438. This consisted of aggregate gross unrealized appreciation for all securities in which there was an excess of value over tax cost of $401,286,969 and aggregate gross unrealized depreciation for all securities in which there was an excess of tax cost over value of $10,327,531.
(a)	All or a portion of these securities were on loan. In addition, included in other assets and liabilities, net are pending sales, that are also on loan. The value of securities loaned at June 30, 2013 amounted to $193,043,209 which is 13.6% 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.
REIT: Real Estate Investment Trust

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, 2013 in valuing the Fund's investments.

Assets	Level 1		Level 2		Level 3		Total
Common Stocks(d)	$	1,401,768,577	$	—	$	—	$	1,401,768,577
Short-Term Investments(d)		230,497,606		—		—		230,497,606
Total	$	1,632,266,183	$	—	$	—	$	1,632,266,183

There have been no transfers between fair value measurement levels during the period ended June 30, 2013.

(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 Capital Growth Fund, a series of DWS Investment Trust

By:	/s/W. Douglas Beck W. Douglas Beck President

Date:	August 19, 2013

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 19, 2013



By:	/s/Paul Schubert Paul Schubert Chief Financial Officer and Treasurer

Date:	August 19, 2013

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

CERTIFICATIONS

I, W. Douglas Beck, certify that:

I have reviewed this report on Form N-Q of DWS Capital Growth Fund, a series of DWS Investment Trust;

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;

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;

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

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 19, 2013

CERTIFICATIONS

I, Paul Schubert, certify that:

I have reviewed this report on Form N-Q of DWS Capital Growth Fund, a series of DWS Investment Trust;

(a)

(b)

(c)

(d)

(a)

(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 19, 2013