|
|
|
Shares
|
Value ($)
|
|
|
|||
|
Common Stocks 97.5%
|
|
|
|
|
Communication Services 0.7%
|
|
||
|
Diversified Telecommunication Services
|
|
||
|
Iridium Communications, Inc.
|
|
48,100
|
1,979,796
|
|
Consumer Discretionary 11.9%
|
|
||
|
Automobile Components 1.2%
|
|
||
|
Fox Factory Holding Corp.*
|
|
50,481
|
3,406,458
|
|
Diversified Consumer Services 2.0%
|
|
||
|
Stride, Inc.*
|
|
95,212
|
5,652,736
|
|
Hotels, Restaurants & Leisure 1.9%
|
|
||
|
Hilton Grand Vacations, Inc.*
|
|
61,520
|
2,471,874
|
|
Jack in the Box, Inc.
|
|
35,391
|
2,888,967
|
|
|
|
|
5,360,841
|
|
Household Durables 3.7%
|
|
||
|
Helen of Troy Ltd.*
|
|
16,016
|
1,934,893
|
|
iRobot Corp.*
|
|
10,807
|
418,231
|
|
LGI Homes, Inc.*
|
|
16,438
|
2,188,884
|
|
TopBuild Corp.*
|
|
16,427
|
6,147,969
|
|
|
|
|
10,689,977
|
|
Leisure Products 1.5%
|
|
||
|
YETI Holdings, Inc.*
|
|
85,422
|
4,423,151
|
|
Specialty Retail 1.6%
|
|
||
|
Burlington Stores, Inc.*
|
|
6,261
|
1,217,639
|
|
Camping World Holdings, Inc. “A”
|
|
132,768
|
3,486,488
|
|
|
|
|
4,704,127
|
|
Consumer Staples 4.0%
|
|
||
|
Consumer Staples Distribution & Retail 2.6%
|
|
||
|
Casey's General Stores, Inc.
|
|
26,694
|
7,333,910
|
|
Household Products 1.4%
|
|
||
|
Church & Dwight Co., Inc.
|
|
32,867
|
3,107,903
|
|
Spectrum Brands Holdings, Inc.
|
|
12,226
|
975,268
|
|
|
|
|
4,083,171
|
|
Energy 3.9%
|
|
||
|
Energy Equipment & Services 0.3%
|
|
||
|
Liberty Energy, Inc.
|
|
52,561
|
953,457
|
|
Oil, Gas & Consumable Fuels 3.6%
|
|
||
|
Crescent Energy Co. “A” (a)
|
|
98,107
|
1,295,993
|
|
Kosmos Energy Ltd.*
|
|
309,000
|
2,073,390
|
|
Matador Resources Co.
|
|
55,500
|
3,155,730
|
|
Ovintiv, Inc.
|
|
52,500
|
2,305,800
|
|
Southwestern Energy Co.*
|
|
237,978
|
1,558,756
|
|
|
|
|
10,389,669
|
|
Financials 7.0%
|
|
||
|
Banks 2.0%
|
|
||
|
Live Oak Bancshares, Inc.
|
|
54,736
|
2,490,488
|
|
SouthState Corp.
|
|
15,630
|
1,319,954
|
|
Synovus Financial Corp.
|
|
50,875
|
1,915,444
|
|
|
|
|
5,725,886
|
|
Capital Markets 3.0%
|
|
||
|
Affiliated Managers Group, Inc.
|
|
15,215
|
2,303,855
|
|
Moelis & Co. “A”
|
|
83,995
|
4,714,639
|
|
Raymond James Financial, Inc.
|
|
13,365
|
1,490,198
|
|
|
|
|
8,508,692
|
|
Financial Services 0.5%
|
|
||
|
WEX, Inc.*
|
|
7,244
|
1,409,320
|
|
Insurance 1.5%
|
|
||
|
Kinsale Capital Group, Inc.
|
|
13,000
|
4,353,830
|
|
Health Care 21.2%
|
|
||
|
Biotechnology 6.0%
|
|
||
|
Apellis Pharmaceuticals, Inc.*
|
|
26,776
|
1,602,811
|
|
Arrowhead Pharmaceuticals, Inc.*
|
|
43,058
|
1,317,575
|
|
Beam Therapeutics, Inc.* (a)
|
|
14,653
|
398,855
|
|
Biohaven Ltd.*
|
|
9,843
|
421,280
|
|
Blueprint Medicines Corp.*
|
|
28,334
|
2,613,528
|
|
Catalyst Pharmaceuticals, Inc.*
|
|
42,200
|
709,382
|
|
Halozyme Therapeutics, Inc.*
|
|
30,500
|
1,127,280
|
|
Insmed, Inc.*
|
|
50,440
|
1,563,136
|
|
Kiniksa Pharmaceuticals Ltd. “A”*
|
|
52,406
|
919,201
|
|
Neurocrine Biosciences, Inc.*
|
|
23,378
|
3,080,285
|
|
Travere Therapeutics, Inc.*
|
|
111,387
|
1,001,369
|
|
Ultragenyx Pharmaceutical, Inc.*
|
|
24,052
|
1,150,167
|
|
Vaxcyte, Inc.*
|
|
21,900
|
1,375,320
|
|
|
|
|
17,280,189
|
|
Health Care Equipment & Supplies 3.8%
|
|
||
|
Alphatec Holdings, Inc.*
|
|
40,468
|
611,472
|
|
Axonics, Inc.*
|
|
34,301
|
2,134,551
|
|
Globus Medical, Inc. “A”*
|
|
20,338
|
1,083,812
|
|
Haemonetics Corp.*
|
|
13,754
|
1,176,105
|
|
Inari Medical, Inc.*
|
|
15,300
|
993,276
|
|
Masimo Corp.*
|
|
8,964
|
1,050,670
|
|
Merit Medical Systems, Inc.*
|
|
28,100
|
2,134,476
|
|
Omnicell, Inc.*
|
|
17,300
|
650,999
|
|
Shockwave Medical, Inc.*
|
|
2,500
|
476,400
|
|
STAAR Surgical Co.*
|
|
22,951
|
716,301
|
|
|
|
|
11,028,062
|
|
Health Care Providers & Services 8.5%
|
|
||
|
AMN Healthcare Services, Inc.*
|
|
73,870
|
5,531,386
|
|
HealthEquity, Inc.*
|
|
38,037
|
2,521,853
|
|
ModivCare, Inc.*
|
|
17,978
|
790,852
|
|
Molina Healthcare, Inc.*
|
|
12,660
|
4,574,185
|
|
Option Care Health, Inc.*
|
|
116,897
|
3,938,260
|
|
Privia Health Group, Inc.*
|
|
53,100
|
1,222,893
|
|
RadNet, Inc.*
|
|
165,276
|
5,746,646
|
|
|
|
|
24,326,075
|
|
Life Sciences Tools & Services 0.2%
|
|
||
|
OmniAb, Inc.*
|
|
93,870
|
579,178
|
|
Pharmaceuticals 2.7%
|
|
||
|
Arvinas, Inc.*
|
|
16,500
|
679,140
|
|
Intra-Cellular Therapies, Inc.*
|
|
42,700
|
3,058,174
|
|
Ligand Pharmaceuticals, Inc.*
|
|
19,157
|
1,368,193
|
|
Pacira BioSciences, Inc.*
|
|
76,241
|
2,572,371
|
|
|
|
|
7,677,878
|
|
Industrials 21.5%
|
|
||
|
Aerospace & Defense 2.3%
|
|
||
|
Ducommun, Inc.*
|
|
129,533
|
6,743,488
|
|
Building Products 5.1%
|
|
||
|
Builders FirstSource, Inc.*
|
|
60,077
|
10,029,255
|
|
Masonite International Corp.*
|
|
54,779
|
4,637,590
|
|
|
|
|
14,666,845
|
|
Commercial Services & Supplies 4.3%
|
|
||
|
MSA Safety, Inc.
|
|
17,173
|
2,899,318
|
|
Tetra Tech, Inc.
|
|
21,639
|
3,612,198
|
|
The Brink's Co.
|
|
66,738
|
5,869,607
|
|
|
|
|
12,381,123
|
|
Construction & Engineering 0.3%
|
|
||
|
MasTec, Inc.*
|
|
11,769
|
891,149
|
|
Electrical Equipment 1.2%
|
|
||
|
Allient, Inc.
|
|
32,014
|
967,143
|
|
Atkore, Inc.*
|
|
5,094
|
815,040
|
|
Thermon Group Holdings, Inc.*
|
|
51,271
|
1,669,896
|
|
|
|
|
3,452,079
|
|
Professional Services 3.7%
|
|
||
|
Kforce, Inc.
|
|
63,149
|
4,266,346
|
|
Maximus, Inc.
|
|
74,339
|
6,234,069
|
|
|
|
|
10,500,415
|
|
Trading Companies & Distributors 4.6%
|
|
||
|
H&E Equipment Services, Inc.
|
|
82,334
|
4,307,715
|
|
Rush Enterprises, Inc. “A”
|
|
138,339
|
6,958,451
|
|
Titan Machinery, Inc.*
|
|
64,268
|
1,856,060
|
|
|
|
|
13,122,226
|
|
Information Technology 20.3%
|
|
||
|
Communications Equipment 0.9%
|
|
||
|
Calix, Inc.*
|
|
56,297
|
2,459,616
|
|
Electronic Equipment, Instruments & Components 2.2%
|
|
||
|
Advanced Energy Industries, Inc.
|
|
42,567
|
4,636,397
|
|
Fabrinet*
|
|
8,700
|
1,655,871
|
|
|
|
|
6,292,268
|
|
Semiconductors & Semiconductor Equipment 4.6%
|
|
||
|
FormFactor, Inc.*
|
|
49,487
|
2,064,103
|
|
Impinj, Inc.*
|
|
15,908
|
1,432,197
|
|
Power Integrations, Inc.
|
|
36,913
|
3,030,927
|
|
Semtech Corp.*
|
|
54,007
|
1,183,293
|
|
SiTime Corp.*
|
|
26,313
|
3,212,291
|
|
Ultra Clean Holdings, Inc.*
|
|
67,108
|
2,291,067
|
|
|
|
|
13,213,878
|
|
Software 12.1%
|
|
||
|
Agilysys, Inc.*
|
|
84,885
|
7,199,946
|
|
Aspen Technology, Inc.*
|
|
8,375
|
1,843,756
|
|
CoreCard Corp.*
|
|
21,055
|
291,191
|
|
Envestnet, Inc.*
|
|
57,666
|
2,855,620
|
|
Five9, Inc.*
|
|
14,531
|
1,143,444
|
|
Rapid7, Inc.*
|
|
35,548
|
2,029,791
|
|
SPS Commerce, Inc.*
|
|
24,940
|
4,834,370
|
|
Tenable Holdings, Inc.*
|
|
74,926
|
3,451,092
|
|
Tyler Technologies, Inc.*
|
|
3,652
|
1,526,974
|
|
Varonis Systems, Inc.*
|
|
166,598
|
7,543,557
|
|
Workiva, Inc.*
|
|
21,160
|
2,148,375
|
|
|
|
|
34,868,116
|
|
Technology Hardware, Storage & Peripherals 0.5%
|
|
||
|
Super Micro Computer, Inc.*
|
|
5,000
|
1,421,300
|
|
Materials 4.0%
|
|
||
|
Construction Materials 1.9%
|
|
||
|
Eagle Materials, Inc.
|
|
27,252
|
5,527,796
|
|
Metals & Mining 2.1%
|
|
||
|
Arch Resources, Inc.
|
|
13,900
|
2,306,566
|
|
Cleveland-Cliffs, Inc.*
|
|
187,380
|
3,826,299
|
|
|
|
|
6,132,865
|
|
Real Estate 2.5%
|
|
||
|
Diversified REITs 1.0%
|
|
||
|
Essential Properties Realty Trust, Inc.
|
|
112,841
|
2,884,216
|
|
Industrial REITs 0.8%
|
|
||
|
EastGroup Properties, Inc.
|
|
12,220
|
2,242,859
|
|
Specialized REITs 0.7%
|
|
||
|
Four Corners Property Trust, Inc.
|
|
77,435
|
1,959,105
|
|
Utilities 0.5%
|
|
||
|
Water Utilities
|
|
||
|
American States Water Co.
|
|
17,400
|
1,399,308
|
|
Total Common Stocks (Cost $192,036,256)
|
|
|
280,025,055
|
|
|
|||
|
Other Investments 0.0%
|
|
||
|
Health Care 0.0%
|
|
||
|
Life Sciences Tools & Services
|
|
||
|
OmniAb, Inc. $12.50 Earnout* (b) (c)
|
|
7,265
|
0
|
|
OmniAb, Inc. $15.00 Earnout* (b) (c)
|
|
7,265
|
0
|
|
Total Other Investments (Cost $0)
|
|
|
0
|
|
|
|||
|
Securities Lending Collateral 0.0%
|
|
||
|
DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional
Shares", 5.27% (d) (e)
(Cost $67,972)
|
|
67,972
|
67,972
|
|
|
|||
|
Cash Equivalents 2.6%
|
|
||
|
DWS Central Cash Management Government Fund,
5.38% (d) (Cost $7,327,520)
|
|
7,327,520
|
7,327,520
|
|
|
|||
|
|
|
% of
Net Assets
|
Value ($)
|
|
Total Investment Portfolio (Cost $199,431,748)
|
|
100.1
|
287,420,547
|
|
Other Assets and Liabilities, Net
|
|
(0.1
)
|
(364,072
)
|
|
Net Assets
|
|
100.0
|
287,056,475
|
|
Value ($) at
9/30/2023
|
Purchases
Cost ($)
|
Sales
Proceeds ($)
|
Net Realized
Gain/
(Loss) ($)
|
Net Change in
Unrealized
Appreciation
(Depreciation) ($)
|
Income ($)
|
Capital Gain
Distributions ($)
|
Number
of Shares
at
12/31/2023
|
Value ($) at
12/31/2023
|
|
Securities Lending Collateral 0.0%
|
||||||||
|
DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares",
5.27% (d) (e)
|
||||||||
|
1,569,150
|
—
|
1,501,178 (f)
|
—
|
—
|
655
|
—
|
67,972
|
67,972
|
|
Cash Equivalents 2.6%
|
||||||||
|
DWS Central Cash Management Government Fund, 5.38% (d)
|
||||||||
|
10,953,236
|
3,301,496
|
6,927,212
|
—
|
—
|
117,709
|
—
|
7,327,520
|
7,327,520
|
|
12,522,386
|
3,301,496
|
8,428,390
|
—
|
—
|
118,364
|
—
|
7,395,492
|
7,395,492
|
|
*
|
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, 2023 amounted to $63,005, which is 0.0% of net assets.
|
|
(b)
|
Earnout Shares: Will vest based upon the achievement of certain volume-weighted average trading prices (VWAP) for shares of
OmniAb Inc. Earnout Shares are not transferrable until the vesting condition for the applicable tranche of Earnout Shares
has
been achieved.
|
|
(c)
|
Investment was valued using significant unobservable inputs.
|
|
(d)
|
Affiliated fund managed by DWS Investment Management Americas, Inc. The rate shown is the annualized seven-day yield at
period end.
|
|
(e)
|
Represents cash collateral held in connection with securities lending. Income earned by the Fund is net of borrower rebates.
|
|
(f)
|
Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount invested in cash collateral for the
period
ended December 31, 2023.
|
|
REIT: Real Estate Investment Trust
|
|
Assets
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Common Stocks (a)
|
$280,025,055
|
$—
|
$—
|
$280,025,055
|
|
Other Investments
|
—
|
—
|
0
|
0
|
|
Short-Term Investments (a)
|
7,395,492
|
—
|
—
|
7,395,492
|
|
Total
|
$287,420,547
|
$—
|
$0
|
$287,420,547
|
|
(a)
|
See Investment Portfolio for additional detailed categorizations.
|