|
|
Shares
|
Value ($)
|
|
|||
Common Stocks 99.4%
|
|
||
Communication Services 10.0%
|
|
||
Entertainment 2.3%
|
|
||
Spotify Technology SA*
|
|
216,695
|
67,996,724
|
Take-Two Interactive Software, Inc.*
|
|
108,679
|
16,898,498
|
Walt Disney Co.
|
|
215,341
|
21,381,208
|
|
|
|
106,276,430
|
Interactive Media & Services 6.6%
|
|
||
Alphabet, Inc. "A"
|
|
153,761
|
28,007,566
|
Alphabet, Inc. "C"
|
|
886,038
|
162,517,090
|
Meta Platforms, Inc. "A"
|
|
214,484
|
108,147,123
|
|
|
|
298,671,779
|
Wireless Telecommunication Services 1.1%
|
|
||
T-Mobile U.S., Inc.
|
|
274,981
|
48,446,152
|
Consumer Discretionary 9.2%
|
|
||
Automobiles 0.6%
|
|
||
Tesla, Inc.*
|
|
56,152
|
11,111,357
|
Thor Industries, Inc.
|
|
160,244
|
14,974,802
|
|
|
|
26,086,159
|
Broadline Retail 3.9%
|
|
||
Amazon.com, Inc.*
|
|
686,941
|
132,751,348
|
Macy's, Inc.
|
|
2,388,923
|
45,867,322
|
|
|
|
178,618,670
|
Hotels, Restaurants & Leisure 1.8%
|
|
||
DraftKings, Inc. "A"*
|
|
978,401
|
37,345,566
|
Hilton Worldwide Holdings, Inc.
|
|
197,541
|
43,103,446
|
|
|
|
80,449,012
|
Household Durables 0.7%
|
|
||
PulteGroup, Inc.
|
|
272,536
|
30,006,214
|
Leisure Products 0.4%
|
|
||
Hasbro, Inc.
|
|
290,897
|
17,017,474
|
Specialty Retail 0.5%
|
|
||
Bath & Body Works, Inc.
|
|
437,585
|
17,087,694
|
Wayfair, Inc. "A"* (a)
|
|
131,884
|
6,954,244
|
|
|
|
24,041,938
|
Textiles, Apparel & Luxury Goods 1.3%
|
|
||
Deckers Outdoor Corp.*
|
|
43,734
|
42,332,325
|
PVH Corp.
|
|
178,820
|
18,931,674
|
|
|
|
61,263,999
|
Consumer Staples 5.2%
|
|
||
Beverages 1.9%
|
|
||
Boston Beer Co., Inc. "A"*
|
|
39,410
|
12,022,020
|
Coca-Cola Co.
|
|
190,282
|
12,111,449
|
Constellation Brands, Inc. "A"
|
|
188,422
|
48,477,212
|
Molson Coors Beverage Co. "B"
|
|
299,543
|
15,225,771
|
|
|
|
87,836,452
|
Consumer Staples Distribution & Retail 1.2%
|
|
||
Costco Wholesale Corp.
|
|
15,105
|
12,839,099
|
Walmart, Inc.
|
|
620,690
|
42,026,920
|
|
|
|
54,866,019
|
Household Products 0.7%
|
|
||
Church & Dwight Co., Inc.
|
|
118,528
|
12,288,983
|
Clorox Co.
|
|
144,746
|
19,753,487
|
|
|
|
32,042,470
|
Personal Care Products 0.9%
|
|
||
Coty, Inc. "A"*
|
|
3,818,289
|
38,259,256
|
Tobacco 0.5%
|
|
||
Philip Morris International, Inc.
|
|
198,614
|
20,125,556
|
Energy 3.3%
|
|
||
Energy Equipment & Services 0.7%
|
|
||
Schlumberger NV
|
|
200,881
|
9,477,565
|
TechnipFMC PLC
|
|
951,079
|
24,870,716
|
|
|
|
34,348,281
|
Oil, Gas & Consumable Fuels 2.6%
|
|
||
Cheniere Energy, Inc.
|
|
263,587
|
46,082,915
|
HF Sinclair Corp.
|
|
1,313,546
|
70,064,544
|
|
|
|
116,147,459
|
Financials 12.4%
|
|
||
Banks 4.7%
|
|
||
Bank of America Corp.
|
|
740,463
|
29,448,213
|
JPMorgan Chase & Co.
|
|
648,627
|
131,191,297
|
Wells Fargo & Co.
|
|
875,933
|
52,021,661
|
|
|
|
212,661,171
|
Capital Markets 3.0%
|
|
||
Ameriprise Financial, Inc.
|
|
127,094
|
54,293,286
|
Coinbase Global, Inc. "A"*
|
|
209,422
|
46,539,851
|
MSCI, Inc.
|
|
39,071
|
18,822,454
|
S&P Global, Inc.
|
|
42,779
|
19,079,434
|
|
|
|
138,735,025
|
Financial Services 3.1%
|
|
||
Apollo Global Management, Inc.
|
|
285,692
|
33,731,654
|
Mastercard, Inc. "A"
|
|
39,955
|
17,626,548
|
Visa, Inc. "A"
|
|
333,557
|
87,548,706
|
|
|
|
138,906,908
|
Insurance 1.6%
|
|
||
Aflac, Inc.
|
|
217,163
|
19,394,828
|
Cincinnati Financial Corp.
|
|
176,167
|
20,805,323
|
Marsh & McLennan Companies, Inc.
|
|
152,156
|
32,062,312
|
|
|
|
72,262,463
|
Health Care 11.9%
|
|
||
Biotechnology 3.0%
|
|
||
AbbVie, Inc.
|
|
337,144
|
57,826,939
|
Amgen, Inc.
|
|
205,088
|
64,079,745
|
GRAIL, Inc.* (a)
|
|
19,559
|
300,622
|
Moderna, Inc.*
|
|
125,777
|
14,936,019
|
|
|
|
137,143,325
|
Health Care Equipment & Supplies 1.9%
|
|
||
Becton Dickinson & Co.
|
|
128,929
|
30,131,997
|
Medtronic PLC
|
|
226,523
|
17,829,625
|
Solventum Corp.*
|
|
26,617
|
1,407,507
|
Stryker Corp.
|
|
68,475
|
23,298,619
|
Zimmer Biomet Holdings, Inc.
|
|
133,825
|
14,524,027
|
|
|
|
87,191,775
|
Health Care Providers & Services 4.2%
|
|
||
Centene Corp.*
|
|
671,865
|
44,544,650
|
Cigna Group
|
|
115,574
|
38,205,297
|
Elevance Health, Inc.
|
|
112,388
|
60,898,562
|
HCA Healthcare, Inc.
|
|
60,091
|
19,306,036
|
Humana, Inc.
|
|
64,569
|
24,126,207
|
|
|
|
187,080,752
|
Life Sciences Tools & Services 0.6%
|
|
||
Danaher Corp.
|
|
60,422
|
15,096,437
|
Illumina, Inc.*
|
|
117,354
|
12,249,410
|
|
|
|
27,345,847
|
Pharmaceuticals 2.2%
|
|
||
Bristol-Myers Squibb Co.
|
|
611,245
|
25,385,005
|
Johnson & Johnson
|
|
251,543
|
36,765,525
|
Merck & Co., Inc.
|
|
153,688
|
19,026,574
|
Viatris, Inc.
|
|
1,746,725
|
18,567,687
|
|
|
|
99,744,791
|
Industrials 10.1%
|
|
||
Aerospace & Defense 3.0%
|
|
||
Curtiss-Wright Corp.
|
|
89,889
|
24,358,121
|
Lockheed Martin Corp.
|
|
144,437
|
67,466,523
|
Textron, Inc.
|
|
218,694
|
18,777,067
|
TransDigm Group, Inc.
|
|
20,147
|
25,740,008
|
|
|
|
136,341,719
|
Building Products 1.5%
|
|
||
Owens Corning
|
|
395,082
|
68,633,645
|
Commercial Services & Supplies 1.9%
|
|
||
Veralto Corp.
|
|
128,601
|
12,277,538
|
Waste Management, Inc.
|
|
344,974
|
73,596,753
|
|
|
|
85,874,291
|
Electrical Equipment 0.2%
|
|
||
Sunrun, Inc.* (a)
|
|
906,438
|
10,750,355
|
Ground Transportation 0.2%
|
|
||
Union Pacific Corp.
|
|
28,902
|
6,539,367
|
Industrial Conglomerates 0.2%
|
|
||
3M Co.
|
|
106,471
|
10,880,271
|
Machinery 2.2%
|
|
||
Caterpillar, Inc.
|
|
243,398
|
81,075,874
|
PACCAR, Inc.
|
|
180,743
|
18,605,684
|
|
|
|
99,681,558
|
Professional Services 0.9%
|
|
||
Automatic Data Processing, Inc.
|
|
83,830
|
20,009,383
|
Verisk Analytics, Inc.
|
|
67,395
|
18,166,322
|
|
|
|
38,175,705
|
Information Technology 31.2%
|
|
||
Communications Equipment 0.4%
|
|
||
Cisco Systems, Inc.
|
|
421,952
|
20,046,940
|
IT Services 0.4%
|
|
||
Accenture PLC "A"
|
|
57,518
|
17,451,536
|
Semiconductors & Semiconductor Equipment 10.4%
|
|
||
Advanced Micro Devices, Inc.*
|
|
305,311
|
49,524,497
|
GLOBALFOUNDRIES, Inc.* (a)
|
|
393,297
|
19,885,096
|
Intel Corp.
|
|
834,610
|
25,847,872
|
Lam Research Corp.
|
|
48,691
|
51,848,611
|
Micron Technology, Inc.
|
|
174,532
|
22,956,194
|
MKS Instruments, Inc.
|
|
121,893
|
15,916,788
|
NVIDIA Corp.
|
|
1,598,410
|
197,467,572
|
QUALCOMM, Inc.
|
|
431,856
|
86,017,078
|
|
|
|
469,463,708
|
Software 12.0%
|
|
||
Adobe, Inc.*
|
|
43,112
|
23,950,441
|
Microsoft Corp.
|
|
887,195
|
396,531,805
|
Oracle Corp.
|
|
728,441
|
102,855,869
|
Synopsys, Inc.*
|
|
37,699
|
22,433,167
|
|
|
|
545,771,282
|
Technology Hardware, Storage & Peripherals 8.0%
|
|
||
Apple, Inc.
|
|
1,718,847
|
362,023,555
|
Materials 2.1%
|
|
||
Chemicals 1.3%
|
|
||
Corteva, Inc.
|
|
363,960
|
19,632,002
|
DuPont de Nemours, Inc.
|
|
157,004
|
12,637,252
|
Linde PLC
|
|
57,068
|
25,042,009
|
|
|
|
57,311,263
|
Containers & Packaging 0.4%
|
|
||
AptarGroup, Inc.
|
|
138,048
|
19,438,539
|
Metals & Mining 0.4%
|
|
||
Nucor Corp.
|
|
117,999
|
18,653,282
|
Real Estate 2.0%
|
|
||
Health Care REITs 0.7%
|
|
||
Medical Properties Trust, Inc. (a)
|
|
7,253,056
|
31,260,672
|
Industrial REITs 0.8%
|
|
||
Prologis, Inc.
|
|
316,152
|
35,507,031
|
Residential REITs 0.5%
|
|
||
AvalonBay Communities, Inc.
|
|
109,716
|
22,699,143
|
Utilities 2.0%
|
|
||
Electric Utilities 1.0%
|
|
||
FirstEnergy Corp.
|
|
376,649
|
14,414,357
|
NRG Energy, Inc.
|
|
375,430
|
29,230,980
|
|
|
|
43,645,337
|
Multi-Utilities 0.4%
|
|
||
WEC Energy Group, Inc.
|
|
218,518
|
17,144,922
|
Water Utilities 0.6%
|
|
||
American Water Works Co., Inc.
|
|
231,611
|
29,914,877
|
Total Common Stocks (Cost $2,500,985,106)
|
4,502,784,375
|
|
|
Principal
Amount ($)
|
Value ($)
|
|
|||
Government & Agency Obligations 0.0%
|
|||
U.S. Treasury Obligations
|
|
||
U.S. Treasury Bills:
|
|
|
|
4.757% (b), 3/20/2025 (c)
|
|
1,500,000
|
1,445,938
|
4.959% (b), 3/20/2025 (c)
|
|
1,500,000
|
1,445,937
|
Total Government & Agency Obligations (Cost $2,893,939)
|
2,891,875
|
|
|
Shares
|
Value ($)
|
|
|||
Securities Lending Collateral 1.4%
|
|||
DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional
Shares", 5.24% (d) (e) (Cost $62,790,025)
|
|
62,790,025
|
62,790,025
|
|
|||
Cash Equivalents 0.6%
|
|||
DWS Central Cash Management Government Fund, 5.36% (d) (Cost $26,459,864)
|
|
26,459,864
|
26,459,864
|
|
|||
|
|
% of
Net Assets
|
Value ($)
|
Total Investment Portfolio (Cost $2,593,128,934)
|
|
101.4
|
4,594,926,139
|
Other Assets and Liabilities, Net
|
|
(1.4
)
|
(64,718,283
)
|
Net Assets
|
|
100.0
|
4,530,207,856
|
Value ($) 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
6/30/2024
|
Value ($) at
6/30/2024
|
Securities Lending Collateral 1.4%
|
||||||||
DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares",
5.24% (d) (e)
|
||||||||
10,955,450
|
51,834,575 (f)
|
—
|
—
|
—
|
479,760
|
—
|
62,790,025
|
62,790,025
|
Cash Equivalents 0.6%
|
||||||||
DWS Central Cash Management Government Fund, 5.36% (d)
|
||||||||
31,212,263
|
260,602,957
|
265,355,356
|
—
|
—
|
1,060,097
|
—
|
26,459,864
|
26,459,864
|
42,167,713
|
312,437,532
|
265,355,356
|
—
|
—
|
1,539,857
|
—
|
89,249,889
|
89,249,889
|
*
|
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 June 30, 2024 amounted to $56,759,471,
which is 1.3% of net assets.
|
(b)
|
Annualized yield at time of purchase; not a coupon rate.
|
(c)
|
At June 30, 2024, this security has been pledged, in whole or in part, as collateral
for open total return swap contracts.
|
(d)
|
Affiliated fund managed by DWS Investment Management Americas, Inc. The rate shown
is the annualized seven-day yield at
period end.
|
(e)
|
Represents cash collateral held in connection with securities lending. Income earned
by the Fund is net of borrower rebates.
|
(f)
|
Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount
invested in cash collateral for the period
ended June 30, 2024.
|
REIT: Real Estate Investment Trust
|
Pay/Receive
Return of the
Reference Index
|
Expiration
Date
|
Counterparty
|
Notional
Amount ($)
|
Fixed Fee
Received/
(Paid) by
the Fund
|
Frequency
|
Value ($)†
|
Long Positions
|
|
|
|
|
|
|
Citi RMA CLS
Index/CIEQUB01
|
4/8/2025
|
Citibank N.A.
|
59,377,193
|
(0.35%)
|
Quarterly
|
(1,416,831
)
|
Total net unrealized depreciation
|
(1,416,831
)
|
†
|
There are no upfront payments on the equity swaps listed above, therefore unrealized
appreciation (depreciation) is equal to their
value.
|
Assets
|
Level 1
|
Level 2
|
Level 3
|
Total
|
Common Stocks (a)
|
$4,502,784,375
|
$—
|
$—
|
$4,502,784,375
|
Government & Agency Obligations
|
—
|
2,891,875
|
—
|
2,891,875
|
Short-Term Investments (a)
|
89,249,889
|
—
|
—
|
89,249,889
|
Total
|
$4,592,034,264
|
$2,891,875
|
$—
|
$4,594,926,139
|
Liabilities
|
Level 1
|
Level 2
|
Level 3
|
Total
|
Derivatives (b)
|
|
|
|
|
Total Return Swap Contracts
|
$—
|
$(1,416,831
)
|
$—
|
$(1,416,831
)
|
Total
|
$—
|
$(1,416,831
)
|
$—
|
$(1,416,831
)
|
(a)
|
See Investment Portfolio for additional detailed categorizations.
|
(b)
|
Derivatives include unrealized appreciation (depreciation) on open total return swap
contracts.
|
Primary Underlying Risk Disclosure
|
Swap
Contracts
|
Equity Contracts
|
$(1,416,831
)
|