0000088053-19-000202.txt : 20190227 0000088053-19-000202.hdr.sgml : 20190227 20190227132933 ACCESSION NUMBER: 0000088053-19-000202 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20181231 FILED AS OF DATE: 20190227 DATE AS OF CHANGE: 20190227 EFFECTIVENESS DATE: 20190227 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEUTSCHE 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: 19636833 BUSINESS ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154-0004 BUSINESS PHONE: 212-250-2500 MAIL ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154-0004 FORMER COMPANY: FORMER CONFORMED NAME: DEUTSCHE INVESTMENT TRUST DATE OF NAME CHANGE: 20140811 FORMER COMPANY: FORMER CONFORMED NAME: DWS INVESTMENT TRUST DATE OF NAME CHANGE: 20060207 FORMER COMPANY: FORMER CONFORMED NAME: INVESTMENT TRUST DATE OF NAME CHANGE: 19980529

0000088064 S000005706 DWS Core Equity Fund

C000015677 Class A SUWAX

C000015680 Class C SUWCX

C000015681 Class R SUWTX

C000015682 Class S SCDGX

C000015683 Institutional Class SUWIX

C000148203 Class R6 SUWZX

C000177625 Class T SUWUX

N-Q 1 nq123118inv_cef.htm DWS CORE EQUITY FUND

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

Deutsche DWS Investment Trust

(Exact name of registrant as specified in charter)

345 Park Avenue
New York, NY 10154-0004

(Address of principal executive offices) (Zip code)

Diane Kenneally

One International Place

Boston, MA 02110

(Name and address of agent for service)

Registrant's telephone number, including area code: (212) 250-2500

Date of fiscal year end: 9/30

Date of reporting period: 12/31/2018

ITEM 1.

SCHEDULE OF INVESTMENTS

Investment Portfolio as of December 31, 2018 (Unaudited)

DWS Core Equity Fund

		Shares			Value ($)
Common Stocks 98.2%
Communication Services 10.8%
Diversified Telecommunication Services 0.4%
Zayo Group Holdings, Inc.*	532,347				12,158,805
Entertainment 1.8%
Live Nation Entertainment, Inc.*	1,221,299				60,148,976
Interactive Media & Services 4.5%
Alphabet, Inc. "A"*	54,476				56,925,241
Alphabet, Inc. "C"*	55,405				57,377,972
Facebook, Inc. "A"*	244,123				32,002,084
					146,305,297
Media 2.5%
Comcast Corp. "A"	428,777				14,599,857
Omnicom Group, Inc.	935,943				68,548,465
					83,148,322
Wireless Telecommunication Services 1.6%
T-Mobile U.S., Inc.*	848,224				53,955,529
Consumer Discretionary 9.5%
Hotels, Restaurants & Leisure 1.7%
Hyatt Hotels Corp. "A"	348,660				23,569,416
Yum! Brands, Inc.	344,636				31,678,941
					55,248,357
Internet & Direct Marketing Retail 4.4%
Amazon.com, Inc.*	96,570				145,045,243
Multiline Retail 0.9%
Macy's, Inc.	978,033				29,125,823
Specialty Retail 1.2%
Best Buy Co., Inc.	462,893				24,514,813
Home Depot, Inc.	99,403				17,079,424
					41,594,237
Textiles, Apparel & Luxury Goods 1.3%
NIKE, Inc. "B"	569,469				42,220,431
Consumer Staples 6.4%
Beverages 3.3%
Molson Coors Brewing Co. "B"	459,295				25,794,007
PepsiCo, Inc.	749,550				82,810,284
					108,604,291
Food & Staples Retailing 2.1%
Costco Wholesale Corp.	90,227				18,380,142
Kroger Co.	669,626				18,414,715
Sprouts Farmers Market, Inc.*	370,381				8,707,657
U.S. Foods Holding Corp.*	763,333				24,151,856
					69,654,370
Food Products 0.4%
Conagra Brands, Inc.	657,430				14,042,705
Personal Products 0.6%
Coty, Inc. "A"	2,929,544				19,217,809
Energy 3.9%
Energy Equipment & Services 0.1%
Transocean Ltd.* (a)	793,022				5,503,572
Oil, Gas & Consumable Fuels 3.8%
Continental Resources., Inc.*	502,293				20,187,156
EOG Resources., Inc.	244,137				21,291,188
Exxon Mobil Corp.	112,798				7,691,695
Newfield Exploration Co.*	2,550,624				37,392,148
Occidental Petroleum Corp.	223,581				13,723,402
ONEOK, Inc.	455,619				24,580,645
					124,866,234
Financials 14.1%
Banks 4.9%
Bank of America Corp.	681,206				16,784,916
Citigroup, Inc.	723,637				37,672,542
JPMorgan Chase & Co.	337,301				32,927,324
Popular, Inc.	804,231				37,975,788
U.S. Bancorp.	786,687				35,951,596
					161,312,166
Capital Markets 6.6%
Ares Capital Corp.	1,241,272				19,339,018
CME Group, Inc.	343,169				64,556,952
Franklin Resources., Inc.	578,924				17,170,886
Intercontinental Exchange, Inc.	252,651				19,032,200
LPL Financial Holdings, Inc.	582,103				35,554,851
State Street Corp.	423,112				26,685,674
TD Ameritrade Holding Corp.	283,787				13,894,211
The Goldman Sachs Group., Inc.	133,220				22,254,401
					218,488,193
Insurance 2.6%
Chubb Ltd.	347,484				44,887,983
MetLife, Inc.	941,396				38,653,720
					83,541,703
Health Care 15.1%
Biotechnology 6.4%
AbbVie, Inc.	689,058				63,524,257
Amgen, Inc.	321,444				62,575,503
Biogen., Inc.*	56,205				16,913,209
Celgene Corp.*	589,071				37,753,560
Gilead Sciences, Inc.	510,698				31,944,160
					212,710,689
Health Care Equipment & Supplies 3.3%
Becton, Dickinson & Co.	211,254				47,599,751
Boston Scientific Corp.*	789,818				27,912,168
Danaher Corp.	153,793				15,859,134
Medtronic PLC	182,290				16,581,099
					107,952,152
Health Care Providers & Services 2.0%
Cigna Corp.	186,520				35,423,878
CVS Health Corp.	329,868				21,612,951
McKesson Corp.	74,342				8,212,561
					65,249,390
Pharmaceuticals 3.4%
Eli Lilly & Co.	209,780				24,275,742
Merck & Co., Inc.	423,756				32,379,196
Pfizer, Inc.	1,261,951				55,084,161
					111,739,099
Industrials 9.9%
Aerospace & Defense 2.6%
Boeing Co.	222,165				71,648,213
L3 Technologies, Inc.	88,738				15,410,241
					87,058,454
Commercial Services & Supplies 1.0%
Waste Management, Inc.	373,632				33,249,512
Industrial Conglomerates 2.4%
Honeywell International, Inc.	253,664				33,514,087
Roper Technologies, Inc.	165,436				44,092,003
					77,606,090
Machinery 1.7%
Ingersoll-Rand PLC	290,633				26,514,449
Parker-Hannifin Corp.	192,878				28,765,825
					55,280,274
Road & Rail 1.8%
Norfolk Southern Corp.	405,360				60,617,534
Trading Companies & Distributors 0.4%
WESCO International, Inc.*	237,200				11,385,600
Information Technology 18.9%
IT Services 4.3%
Conduent, Inc.*	2,558,026				27,191,816
Gartner, Inc.*	296,884				37,953,651
Visa, Inc. "A"	585,373				77,234,114
					142,379,581
Semiconductors & Semiconductor Equipment 3.6%
Applied Materials, Inc.	467,491				15,305,655
Intel Corp.	929,338				43,613,832
QUALCOMM., Inc.	567,164				32,277,303
Teradyne, Inc.	853,262				26,775,362
					117,972,152
Software 6.0%
Microsoft Corp.	1,603,920				162,910,154
Oracle Corp.	771,645				34,839,772
					197,749,926
Technology Hardware, Storage & Peripherals 5.0%
Apple, Inc.	875,854				138,157,210
Hewlett Packard Enterprise Co.	2,003,414				26,465,099
					164,622,309
Materials 2.8%
Chemicals 0.9%
Albemarle Corp.	162,365				12,513,470
PPG Industries, Inc.	168,572				17,233,116
					29,746,586
Containers & Packaging 0.2%
Graphic Packaging Holding Co.	622,653				6,625,028
Metals & Mining 1.7%
Freeport-McMoRan, Inc.	5,520,348				56,914,788
Real Estate 3.2%
Equity Real Estate Investment Trusts (REITs)
AvalonBay Communities, Inc.	209,197				36,410,738
Digital Realty Trust, Inc.	279,102				29,738,318
Prologis, Inc.	524,897				30,821,952
SL Green Realty Corp.	100,786				7,970,157
					104,941,165
Utilities 3.6%
Electric Utilities 1.6%
NextEra Energy, Inc.	306,317				53,244,021
Multi-Utilities 1.0%
CenterPoint Energy, Inc.	1,160,318				32,755,777
Water Utilities 1.0%
American Water Works Co., Inc.	344,557				31,275,439
Total Common Stocks (Cost $2,782,912,246)			3,235,257,629
Exchange-Traded Fund 1.0%
Vanguard S&P 500 ETF (Cost $35,114,175)	145,312				33,394,151
Securities Lending Collateral 0.2%
DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares”, 2.29% (b) (c) (Cost $5,749,250)	5,749,250				5,749,250
Cash Equivalents 0.6%
DWS Central Cash Management Government Fund, 2.41% (b) (Cost $18,997,483)	18,997,483				18,997,483
		% of Net Assets			Value ($)
Total Investment Portfolio (Cost $2,842,773,154)	100.0			3,293,398,513
Other Assets and Liabilities, Net	(0.0)			(255,943)
Net Assets	100.0			3,293,142,570

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.
A summary of the Fund's transactions with affiliated investments during the period ended December 31, 2018 are as follows:

Value ($) at 9/30/2018	Purchases Cost ($)	Sales Proceeds ($)	Net Realized Gain/ (Loss) ($)	Net Change in Unrealized Appreci- ation (Deprecia- tion) ($)	Income ($)	Capital Gain Distribu- tions ($)	Number of Shares at 12/31/2018	Value ($) at 12/31/2018
Securities Lending Collateral 0.2%
DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares”, 2.29% (b) (c)
16,526,752	—	10,777,502(d)	—	—	5,101	—	5,749,250	5,749,250
Cash Equivalents 0.6%
DWS Central Cash Management Government Fund, 2.41% (b)
40,781,120	101,309,817	123,093,454	—	—	126,368	—	18,997,483	18,997,483
57,307,872	101,309,817	133,870,956	—	—	131,469	—	24,746,733	24,746,733

*	Non-income producing security.
(a)	All or a portion of these securities were on loan. In addition, "Other Assets and Liabilities, Net" may include pending sales that are also on loan. The value of securities loaned at December 31, 2018 amounted to $5,503,419, which is 0.2% of net assets.
(b)	Affiliated fund managed by DWS 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.
(d)	Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount invested for the period ended December 31, 2018.
S&P: Standard & Poor's

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 level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.

The following is a summary of the inputs used as of December 31, 2018 in valuing the Fund's investments.

Assets		Level 1		Level 2		Level 3		Total
Common Stocks ^(e)	$	3,235,257,629	$	—	$	—	$	3,235,257,629
Exchange-Traded Fund		33,394,151		—		—		33,394,151
Short-Term Investments ^(e)		24,746,733		—		—		24,746,733
Total	$	3,293,398,513	$	—	$	—	$	3,293,398,513

(e)	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 Core Equity Fund, a series of Deutsche DWS Investment Trust

By:	/s/Hepsen Uzcan Hepsen Uzcan President

Date:	February 22, 2019

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/Hepsen Uzcan Hepsen Uzcan President

Date:	February 22, 2019



By:	/s/Diane Kenneally Diane Kenneally Chief Financial Officer and Treasurer

Date:	February 22, 2019

EX-99.CERT 2 ex99cert.htm CERTIFICATIONS

CERTIFICATIONS

I, Hepsen Uzcan, certify that:

I have reviewed this report on Form N-Q of DWS Core Equity Fund, a series of Deutsche 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/Hepsen Uzcan Hepsen Uzcan President

Date:	February 22, 2019

CERTIFICATIONS

I, Diane Kenneally, certify that:

I have reviewed this report on Form N-Q of DWS Core Equity Fund, a series of Deutsche 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/Diane Kenneally Diane Kenneally Chief Financial Officer and Treasurer

Date:	February 22, 2019