0001752724-19-055905.txt : 20190610
0001752724-19-055905.hdr.sgml : 20190610
20190610162838
ACCESSION NUMBER: 0001752724-19-055905
CONFORMED SUBMISSION TYPE: N-CEN
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20190331
FILED AS OF DATE: 20190610
DATE AS OF CHANGE: 20190610
EFFECTIVENESS DATE: 20190610
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: DEUTSCHE DWS MARKET TRUST
CENTRAL INDEX KEY: 0000095603
IRS NUMBER: 366103490
STATE OF INCORPORATION: MA
FISCAL YEAR END: 1031
FILING VALUES:
FORM TYPE: N-CEN
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-01236
FILM NUMBER: 19888848
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 MARKET TRUST
DATE OF NAME CHANGE: 20140811
FORMER COMPANY:
FORMER CONFORMED NAME: DWS MARKET TRUST
DATE OF NAME CHANGE: 20110203
FORMER COMPANY:
FORMER CONFORMED NAME: DWS BALANCED FUND
DATE OF NAME CHANGE: 20060207
0000095603
S000032019
DWS RREEF Real Assets Fund
C000099688
Class A
AAAAX
C000099689
Class C
AAAPX
C000099690
Class S
AAASX
C000099691
Institutional Class
AAAZX
C000101767
Class R
AAAQX
C000151995
Class R6
AAAVX
C000186452
Class T
AAAWX
N-CEN
1
primary_doc.xml
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0000095603
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811-01236
false
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N-1A
S000032019
C000099688
C000099689
C000099691
C000099690
C000186452
C000101767
C000151995
DEUTSCHE DWS MARKET TRUST
811-01236
0000095603
IFRD7YR9ULMP0L9V6675
345 PARK AVENUE
NEW YORK
10154-0004
US-NY
US
212-250-2500
RREEF America L.L.C.
222 South Riverside Plaza
Chicago
60606-5808
312-266-9300
Book and records related to sub-advisory services.
DST Systems, Inc.
333 West 11th Street
Kansas City
64105-1628
816-435-8655
Book and records related to sub-transfer agency services and shareholder services.
DWS Investment Management Americas, Inc.
One International Place
Boston
02110-2618
617-295-1000
Book and records related to advisory and administrative services.
DWS Investment Management Americas, Inc.
345 Park Avenue
New York
10154-0004
212-250-2500
Book and records related to advisory and administrative services.
DWS Distributors, Inc.
222 South Riverside Plaza
Chicago
60606-5808
312-537-4511
Book and records related to distributor services.
State Street Bank and Trust Company
State Street Financial Center
One Lincoln Street
Boston
02111-2900
617-786-3000
Book and records related to custodian, accounting and sub-administrator services.
Iron Mountain Incorporated
12646 NW 115th Avenue
Medley
33178-3179
773-579-6210
General books and records related to Registrant.
DWS Alternatives Global Limited
70 Victoria Street
The Zig Zag Building
London
GB
SW1E 6SQ
44-2075473389
Book and records related to sub-advisory services.
N
N
N-1A
2
Y
Jean Gleason Stromberg
000000000
N
Rebecca W. Rimel
000000000
N
William N. Searcy, Jr.
000000000
N
William McClayton
000000000
N
Dawn-Marie Driscoll
000000000
N
John W. Ballantine
000000000
N
Henry P. Becton, Jr.
000000000
N
Keith R. Fox, CFA
000000000
N
Dr. Richard J. Herring
000000000
N
Scott D. Hogan
000000000
One International Place
Boston
02110
XXXXXX
N
N
N
N
N
N
DWS Distributors, Inc.
8-47765
000037306
5299007T18XBURKJ1V64
Y
N
Ernst & Young LLP
42
254900H1VLSDPE6LJK37
N
N
N
N
N
N
DWS RREEF Real Assets Fund
S000032019
K8SC25KVNS6F8IU2YJ58
Y
7
0
0
N/A
N
Y
N
N
Deutsche Bank Aktiengesellschaft
7LTWFZYICNSX8D621K86
Y
N
Revenue sharing split
4351965.34000000
44421.00000000
Rule 32a-4 (17 CFR 270.32a-4)
Rule 22d-1 (17 CFR 270.22d-1)
Rule 12d1-1 (17 CFR 270.12d1-1)
Rule 10f-3 (17 CFR 270.10f-3)
Y
Y
N
N
DWS Investment Management Americas, Inc.
801-252
000104518
CZ83K4EEEX8QVCT3B128
N
RREEF America L.L.C.
801-55209
000109596
529900ETVH54K2OIRO19
Y
N
DWS Service Company
84-1713
529900CQVDVATODQA941
Y
N
DST Systems, Inc.
84-00448
21B7QCD05XOK0YTYOP98
N
Y
N
State Street Bank and Trust Company
571474TGEMMWANRLN572
N
Refinitiv US Holdings Inc.
549300NF240HXJO7N016
N
ICE Data Services, Inc.
5493000NQ9LYLDBCTL34
N
IHS Markit Ltd.
549300HLPTRASHS0E726
GB
N
N
State Street Trust Company Canada
549300L71XG2CTQ2V827
CA
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Standard Chartered Bank (Hong Kong) Limited
X5AV1MBDXGRPX5UGMX13
HK
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Hongkong and Shanghai Banking Corporation Limited (Chuo ku, Tokyo, JP, Branch)
2HI3YI5320L3RW6NJ957
JP
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Royal Bank of Canada
ES7IP3U3RHIGC71XBU11
CA
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Standard Chartered Bank (Thai) Public Company Limited
549300O1LQYCQ7G1IM57
TH
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Skandinaviska Enskilda Banken A/S
F3JS33DEI6XQ4ZBPTN86
DK
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Deutsche Bank Aktiengesellschaft (Amsterdam, Noord Holland, NL, Branch)
7LTWFZYICNSX8D621K86
NL
Y
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
State Street Bank and Trust Company (Edinburgh, GB, Branch)
571474TGEMMWANRLN572
GB
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Nordea Bank AB (publ) (Stockholm, Stockholm, SE, Branch)
6SCPQ280AIY8EP3XFW53
SE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Bank Handlowy w Warszawie Spolka Akcyjna
XLEZHWWOI4HFQDGL4793
PL
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Hongkong and Shanghai Banking Corporation Limited (Auckland, Auckland, NZ, Branch)
2HI3YI5320L3RW6NJ957
NZ
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Banco Nacional de Mexico, S.A., Integrante del Grupo Financiero Banamex
2SFFM4FUIE05S37WFU55
MX
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Skandinaviska Enskilda Banken AB (Oslo, Oslo, NO, Branch)
F3JS33DEI6XQ4ZBPTN86
NO
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
HSBC Bank Middle East Limited
549300F99IL9YJDWH369
AE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Bank Polska Kasa Opieki - Spolka Akcyjna
5493000LKS7B3UTF7H35
PL
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Deutsche Bank Societa per Azioni
529900SS7ZWCX82U3W60
IT
Y
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
BNP Paribas Securities Services (Athens, Attica, GR, Branch)
549300WCGB70D06XZS54
GR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
FirstRand Bank Limited
ZAYQDKTCATIXF9OQY690
ZA
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Skandinaviska Enskilda Banken AB (Helsinki, Uusimaa, FI, Branch)
F3JS33DEI6XQ4ZBPTN86
FI
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
State Street Bank International GmbH
ZMHGNT7ZPKZ3UFZ8EO46
DE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Deutsche Bank Aktiengesellschaft (Madrid, Madrid, ES, Branch)
529900SICIK5OVMVY186
ES
Y
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank, National Association (Sao Paulo, Sao Paulo, BR, Branch)
E57ODZWZ7FF32TWEFA76
BR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Standard Chartered Bank (Makati City, Metro Manila, PH, Branch)
RILFO74KP1CM8P6PCT96
PH
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Hongkong and Shanghai Banking Corporation Limited (Sydney, NSW, AU, Branch)
2HI3YI5320L3RW6NJ957
AU
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Standard Chartered Bank (Jakarta, Jakarta, ID, Branch)
5493006AUYAO7LJWX552
ID
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Standard Chartered Bank Malaysia Berhad
549300JTJBG2QBI8KD48
MY
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
UBS Switzerland AG
549300WOIFUSNYH0FL22
CH
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank, National Association (Singapore, SG, Branch)
E57ODZWZ7FF32TWEFA76
SG
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
State Street Bank and Trust Company
571474TGEMMWANRLN572
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
UniCredit Bank Austria AG
D1HEB8VEU6D9M8ZUXG17
AT
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank, Anonim Sirketi
CWZ8NZDH5SKY12Q4US31
TR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
N
DWS Service Company
529900CQVDVATODQA941
Y
N
DST Systems, Inc.
21B7QCD05XOK0YTYOP98
N
Y
N
State Street Bank and Trust Company
571474TGEMMWANRLN572
N
Y
DWS Investment Management Americas, Inc.
CZ83K4EEEX8QVCT3B128
Y
N
N
Harvest Global Investments Limited
N/A
000000000
254900HXNL2VW0JOFU39
HK
0.00000000
Deutsche Bank Aktiengesellschaft (Bangalore, Karnataka, IN, Branch)
N/A
000000000
00000000000000000000
IN
0.00000000
Deutsche Bank Securities Inc. (San Francisco, CA, US, Branch)
N/A
000000000
9J6MBOOO7BECTDTUZW19
0.00000000
Deutsche Securities Menkul Degerler Anonim Sirketi
N/A
000000000
7890004KOVES3T55GW95
TR
0.00000000
Deutsche Bank Aktiengesellschaft (Budapest, HU, Branch)
N/A
000000000
0000000000
HU
0.00000000
Deutsche Bank Aktiengesellschaft (Jongno-gu, Seoul, KR, Branch)
N/A
000000000
7LTWFZYICNSX8D621K86
KR
0.00000000
Deutsche Bank Aktiengesellschaft (Chennai, Tamil Nadu, IN, Branch)
N/A
000000000
00000000000000000000
IN
0.00000000
Deutsche Bank Aktiengesellschaft (Zurich, Zurich, CH, Branch)
N/A
000000000
0000000000
CH
0.00000000
Deutsche Bank Aktiengesellschaft (Dubai, Dubai, AE, Branch)
N/A
000000000
0000000000
AE
0.00000000
DWS Investments Hong Kong Limited
N/A
000139666
529900RX8DKTJ81MHL26
HK
0.00000000
PT Deutsche Securities Indonesia
N/A
000000000
529900BYFVEGGOM24P36
ID
0.00000000
Deutsche Equities India Private Limited
N/A
000000000
529900K9ENYPTKECK071
IN
0.00000000
Deutsche Bank Securities Inc. (Jacksonville, FL, US, Branch)
N/A
000000000
9J6MBOOO7BECTDTUZW19
0.00000000
Craigs Investment Partners Limited
N/A
000000000
254900O8DEEDCQZFLK81
NZ
0.00000000
Deutsche Bank Societa per Azioni
N/A
000000000
529900SS7ZWCX82U3W60
IT
0.00000000
Deutsche Bank Aktiengesellschaft (Mumbai, Maharashtra, IN, Branch)
N/A
000000000
7LTWFZYICNSX8D621K86
IN
0.00000000
Deutsche Bank
N/A
000000000
00000000000000000000
DE
0.00000000
DWS Distributors, Inc.
8-47765
000037306
5299007T18XBURKJ1V64
0.00000000
Deutsche Bank Aktiengesellschaft (Riyadh, Riyadh, SA, Branch)
N/A
000000000
558600SY4RZNJTDP3H57
SA
0.00000000
HGI (USA) Investments LLC
N/A
000000000
00000000000000000000
0.00000000
Deutsche Bank Securities Inc. (Baltimore, MD, US, Branch)
N/A
000000000
9J6MBOOO7BECTDTUZW19
0.00000000
Deutsche Bank, Sociedad Anonima Espanola
N/A
000000000
529900SICIK5OVMVY186
ES
0.00000000
Deutsche Regis Partners, Inc.
N/A
000000000
254900HRLJFNOZBOK921
PH
0.00000000
Deutsche Securities, S.A. de C.V., Casa de Bolsa
N/A
000000000
529900G9Z4I79FGUE649
MX
0.00000000
Sal. Oppenheim jr. & Cie. AG & Co. Kommanditgesellschaft Auf Aktien
N/A
000000000
5299003G9CMV5CY1FU81
DE
0.00000000
Deutsche Securities Korea Co., Ltd
N/A
000000000
529900J0N5FYROZOL786
KR
0.00000000
Deutsche Bank Aktiengesellschaft (Kolkata, West Bengal, IN, Branch)
N/A
000000000
00000000000000000000
IN
0.00000000
DWS Distributors, Inc. (New York, NY, US, Branch)
8-47765
000037306
5299007T18XBURKJ1V64
0.00000000
Deutsche Securities (Pty) Ltd
N/A
000000000
529900HNLCDM7X1RJ063
ZA
0.00000000
Deutsche Bank Securities Limited
N/A
000000000
529900AZS6GG6GBDMN90
CA
0.00000000
Deutsche Bank Aktiengesellschaft (Prague, Prague, CZ, Branch)
N/A
000000000
0000000000
CZ
0.00000000
Deutsche Bank Aktiengesellschaft
N/A
000000000
7LTWFZYICNSX8D621K86
DE
0.00000000
Deutsche Access Investments Limited
N/A
000000000
529900UZ44MDFDFOCB92
AU
0.00000000
PT Deutsche Verdhana Indonesia
N/A
000000000
00000000000000000000
ID
0.00000000
Deutsche Bank Aktiengesellschaft (New Delhi, Delhi, IN, Branch)
N/A
000000000
00000000000000000000
IN
0.00000000
Deutsche Bank Securities Inc. (New York 345 Park Avenue, Branch)
N/A
000000000
9J6MBOOO7BECTDTUZW19
0.00000000
Deutsche Securities Asia Limited (Taipei City, TW, Branch)
N/A
000000000
0000000000
TW
0.00000000
Deutsche Securities Venezuela S.A.
N/A
000000000
529900J4VEUT0ZZXYH41
VE
0.00000000
DB International (Asia) Limited
N/A
000000000
529900396G5HWCV38G39
SG
0.00000000
Deutsche Securities Saudi Arabia LLC
N/A
000000000
529900CKC4TXHVRKX638
SA
0.00000000
Deutsche Bank Securities Inc. (Chicago, IL, US, Branch)
N/A
000000000
9J6MBOOO7BECTDTUZW19
0.00000000
Deutsche Bank Aktiengesellschaft (Bangkok, Bangkok, TH, Branch)
N/A
000000000
0000000000
TH
0.00000000
DB Strategic Advisors, Inc.
N/A
000000000
529900DD5SKKGUNXWV81
PH
0.00000000
Deutsche Bank Securities Inc. (Menlo Park, CA, US, Branch)
N/A
000000000
9J6MBOOO7BECTDTUZW19
0.00000000
Powers Pty. Ltd.
N/A
000000000
00000000000000000000
AU
0.00000000
Deutsche Bank Securities Inc.
8-17822
000002525
9J6MBOOO7BECTDTUZW19
0.00000000
Deutsche Bank Securities Inc. (Miami, FL, US, Branch)
N/A
000000000
9J6MBOOO7BECTDTUZW19
0.00000000
Deutsche Asset Management (Japan) Limited
N/A
000118540
529900GOHDG5JKIJXT78
JP
0.00000000
Deutsche Securities Asia Limited
N/A
000000000
529900D90NAWLSQNTI12
HK
0.00000000
Deutsche Capital Markets Australia Limited
N/A
000000000
529900J30GWJRSJWJL27
AU
0.00000000
Deutsche Bank Securities Inc. (Boston, MA, US, Branch)
N/A
000000000
9J6MBOOO7BECTDTUZW19
0.00000000
Deutsche Securities Australia Limited
N/A
000000000
529900JDL9OTL8IG2U56
AU
0.00000000
Deutsche Bank Aktiengesellschaft (Athens, Attica, GR, Branch)
N/A
000000000
00000000000000000000
GR
0.00000000
Deutsche Bank Aktiengesellschaft (Makati City, Metro Manila, PH, Branch)
N/A
000000000
7LTWFZYICNSX8D621K86
PH
0.00000000
Deutsche Bank Securities Inc. (Atlanta, GA, US, Branch)
N/A
000000000
9J6MBOOO7BECTDTUZW19
0.00000000
Deutsche Bank Aktiengesellschaft (Stockholm, Stockholm, SE, Branch)
N/A
000000000
0000000000
SE
0.00000000
Deutsche Securities Asia Limited (Singapore, SG, Branch)
N/A
000000000
0000000000
SG
0.00000000
Deutsche Bank Securities Inc. (Los Angeles, CA, US, Branch)
N/A
000000000
9J6MBOOO7BECTDTUZW19
0.00000000
Deutsche Bank Securities Inc. (Dallas, TX, US, Branch)
N/A
000000000
9J6MBOOO7BECTDTUZW19
0.00000000
Deutsche Securities Inc
N/A
000000000
529900CK34A0NLD3NN83
JP
0.00000000
DWS Distributors, Inc. (Jacksonville, FL, US, Branch)
N/A
000000000
5299007T18XBURKJ1V64
0.00000000
Deutsche Securities SA
N/A
000000000
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ES
0.00000000
Goldman Sachs & Co. LLC
8-129
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28962.78000000
Merrill Lynch, Pierce, Fenner & Smith Incorporated
8-7221
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8NAV47T0Y26Q87Y0QP81
17185.96000000
RBC Capital Markets, LLC
8-45411
000031194
549300LCO2FLSSVFFR64
26655.53000000
RBS Collective Investment Funds Limited
N/A
000163176
213800IGJ7W18TSDE672
GB
10678.11000000
Credit Agricole SA
8-13753
000000190
969500TJ5KRTCJQWXH05
FR
12123.13000000
JPMorgan Chase & Co.
8-35008
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8I5DZWZKVSZI1NUHU748
34426.97000000
UBS Securities LLC
8-22651
000007654
T6FIZBDPKLYJKFCRVK44
17577.06000000
Citigroup Global Markets Inc.
8-8177
000007059
MBNUM2BPBDO7JBLYG310
35052.92000000
Barclays Capital Inc.
8-41342
000019714
AC28XWWI3WIBK2824319
12945.53000000
Morgan Stanley & Co. LLC
8-15869
000008209
9R7GPTSO7KV3UQJZQ078
41320.69000000
260576.77000000
JPMorgan Chase & Co.
8-35008
000000079
8I5DZWZKVSZI1NUHU748
43584338.51000000
Citigroup Global Markets Inc.
8-8177
000007059
MBNUM2BPBDO7JBLYG310
15775107.99000000
NTT Urban Development Corporation
N/A
000000000
00000000000000000000
JP
2682861.66000000
The Bank of New York Mellon
8-35255
000017454
HPFHU0OQ28E4N0NFVK49
6505393.16000000
TD Securities (USA) LLC
8-36747
000018476
SUVUFHICNZMP2WKHG940
6025454.53000000
BNP Paribas Securities Corp.
8-32682
000015794
RCNB6OTYUAMMP879YW96
2976834.77000000
Merrill Lynch, Pierce, Fenner & Smith Incorporated
8-7221
000007691
8NAV47T0Y26Q87Y0QP81
19150438.43000000
Nomura Securities International, Inc.
8-15255
000004297
OXTKY6Q8X53C9ILVV871
29870533.32000000
Societe Generale
N/A
000000000
O2RNE8IBXP4R0TD8PU41
FR
8239094.10000000
State Street Bank and Trust Company
N/A
000000000
571474TGEMMWANRLN572
504337436.86000000
651388415.67000000
Y
495390743.59000000
Committed
400000000.00000000
N
N
N
true
INTERNAL CONTROL RPT
2
NCEN_394540933358991.txt
Report of Independent Registered Public
Accounting Firm
To the Board of Trustees of Deutsche DWS
Market Trust and Shareholders of DWS
RREEF Real Assets Fund:
In planning and performing our audit of the
consolidated financial statements of DWS
RREEF Real Assets Fund (formerly
Deutsche Real Assets Fund) (the "Fund")
(one of the funds constituting Deutsche
DWS Market Trust (formerly Deutsche
Market Trust)) (the "Trust"), as of and for the
year ended March 31, 2019, in accordance
with the standards of the Public Company
Accounting Oversight Board (United
States), we considered the Trust's internal
control over financial reporting, including
controls over safeguarding securities, as a
basis for designing our auditing procedures
for the purpose of expressing our opinion on
the consolidated financial statements and to
comply with the requirements of Form N-
CEN, but not for the purpose of expressing
an opinion on the effectiveness of the
Trust's internal control over financial
reporting. Accordingly, we express no such
opinion.
The management of the Trust is responsible
for establishing and maintaining effective
internal control over financial reporting. In
fulfilling this responsibility, estimates and
judgments by management are required to
assess the expected benefits and related
costs of controls. A company's internal
control over financial reporting is a process
designed to provide reasonable assurance
regarding the reliability of financial reporting
and the preparation of financial statements
for external purposes in accordance with
U.S. generally accepted accounting
principles. A company's internal control over
financial reporting includes those policies
and procedures that (1) pertain to the
maintenance of records that, in reasonable
detail, accurately and fairly reflect the
transactions and dispositions of the assets
of the company; (2) provide reasonable
assurance that transactions are recorded as
necessary to permit preparation of financial
statements in accordance with U.S.
generally accepted accounting principles,
and that receipts and expenditures of the
company are being made only in
accordance with authorizations of
management and directors of the company;
and (3) provide reasonable assurance
regarding prevention or timely detection of
unauthorized acquisition, use or disposition
of a company's assets that could have a
material effect on the financial statements.
Because of its inherent limitations, internal
control over financial reporting may not
prevent or detect misstatements. Also,
projections of any evaluation of
effectiveness to future periods are subject to
the risk that controls may become
inadequate because of changes in
conditions, or that the degree of compliance
with the policies or procedures may
deteriorate.
A deficiency in internal control over financial
reporting exists when the design or
operation of a control does not allow
management or employees, in the normal
course of performing their assigned
functions, to prevent or detect
misstatements on a timely basis. A material
weakness is a deficiency, or a combination
of deficiencies, in internal control over
financial reporting, such that there is a
reasonable possibility that a material
misstatement of the company's annual or
interim financial statements will not be
prevented or detected on a timely basis.
Our consideration of the Trust's internal
control over financial reporting was for the
limited purpose described in the first
paragraph and would not necessarily
disclose all deficiencies in internal control
that might be material weaknesses under
standards established by the Public
Company Accounting Oversight Board
(United States). However, we noted no
deficiencies in the Trust's internal control
over financial reporting and its operation,
including controls over safeguarding
securities that we consider to be a material
weakness as defined above as of March 31,
2019.
This report is intended solely for the
information and use of management and the
Board of Trustees of Deutsche DWS Market
Trust and the Securities and Exchange
Commission and is not intended to be and
should not be used by anyone other than
these specified parties.
/s/ Ernst & Young LLP
Boston, Massachusetts
May 22, 2019