UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM N-CSRS
Investment Company Act file number: 811-00043
Deutsche DWS Investment Trust
(Exact Name of Registrant as Specified in Charter)
875 Third Avenue
New York, NY 10022-6225
(Address of Principal Executive Offices) (Zip Code)
Registrant’s Telephone Number, including Area Code: (212) 454-4500
Diane Kenneally
100 Summer Street
Boston, MA 02110
(Name and Address of Agent for Service)
Date of fiscal year end: | 9/30 |
Date of reporting period: | 3/31/2023 |
ITEM 1. | REPORT TO STOCKHOLDERS |
(a) | |
Contents
NOT FDIC/NCUA INSURED NO BANK GUARANTEE MAY LOSE VALUE
NOT A DEPOSIT NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
2 | | | DWS Core Equity Fund |
DWS Core Equity Fund | | | 3 |
Class A | 6-Month‡ | 1-Year | 5-Year | 10-Year |
Average Annual Total Returns as of 3/31/23 | ||||
Unadjusted for Sales Charge | 15.85% | –7.33% | 9.82% | 11.56% |
Adjusted for the Maximum Sales Charge (max 5.75% load) | 9.19% | –12.66% | 8.53% | 10.90% |
Russell 1000® Index† | 15.24% | –8.39% | 10.87% | 12.01% |
Class C | 6-Month‡ | 1-Year | 5-Year | 10-Year |
Average Annual Total Returns as of 3/31/23 | ||||
Unadjusted for Sales Charge | 15.40% | –8.04% | 8.99% | 10.71% |
Adjusted for the Maximum Sales Charge (max 1.00% CDSC) | 14.40% | –8.04% | 8.99% | 10.71% |
Russell 1000® Index† | 15.24% | –8.39% | 10.87% | 12.01% |
Class R | 6-Month‡ | 1-Year | 5-Year | 10-Year |
Average Annual Total Returns as of 3/31/23 | ||||
No Sales Charges | 15.60% | –7.76% | 9.38% | 11.09% |
Russell 1000® Index† | 15.24% | –8.39% | 10.87% | 12.01% |
Class R6 | 6-Month‡ | 1-Year | 5-Year | Life of Class* |
Average Annual Total Returns as of 3/31/23 | ||||
No Sales Charges | 16.04% | –7.04% | 10.21% | 10.42% |
Russell 1000® Index† | 15.24% | –8.39% | 10.87% | 10.60% |
Class S | 6-Month‡ | 1-Year | 5-Year | 10-Year |
Average Annual Total Returns as of 3/31/23 | ||||
No Sales Charges | 16.02% | –7.09% | 10.13% | 11.87% |
Russell 1000® Index† | 15.24% | –8.39% | 10.87% | 12.01% |
Institutional Class | 6-Month‡ | 1-Year | 5-Year | 10-Year |
Average Annual Total Returns as of 3/31/23 | ||||
No Sales Charges | 16.02% | –7.08% | 10.13% | 11.91% |
Russell 1000® Index† | 15.24% | –8.39% | 10.87% | 12.01% |
4 | | | DWS Core Equity Fund |
DWS Core Equity Fund | | | 5 |
* | Class R6 shares commenced operations on August 25, 2014. |
† | The Russell 1000 Index is an unmanaged index that measures the performance of the 1,000 largest companies in the Russell 3000® Index, which represents approximately 92% of the total market capitalization of the Russell 3000 Index. |
‡ | Total returns shown for periods less than one year are not annualized. |
Class A | Class C | Class R | Class R6 | Class S | Institutional Class | |
Net Asset Value | ||||||
3/31/23 | $27.25 | $25.31 | $27.63 | $27.71 | $27.67 | $27.74 |
9/30/22 | $25.56 | $23.89 | $25.89 | $25.96 | $25.92 | $25.98 |
Distribution Information as of 3/31/23 | ||||||
Income Dividends, Six Months | $.09 | $— | $.04 | $.14 | $.13 | $.13 |
Capital Gain Distributions | $2.15 | $2.15 | $2.15 | $2.15 | $2.15 | $2.15 |
6 | | | DWS Core Equity Fund |
DWS Core Equity Fund | | | 7 |
Asset Allocation (As a % of Investment Portfolio) | 3/31/23 | 9/30/22 |
Common Stocks | 100% | 100% |
Cash Equivalents | 0% | 0% |
Put Options Purchased | 0% | — |
100% | 100% |
Sector Diversification (As a % of Common Stocks) | 3/31/23 | 9/30/22 |
Information Technology | 25% | 25% |
Financials | 13% | 11% |
Health Care | 12% | 16% |
Consumer Discretionary | 12% | 12% |
Industrials | 9% | 9% |
Communication Services | 8% | 7% |
Consumer Staples | 7% | 6% |
Energy | 5% | 5% |
Real Estate | 3% | 3% |
Materials | 3% | 3% |
Utilities | 3% | 3% |
100% | 100% |
8 | | | DWS Core Equity Fund |
Ten Largest Equity Holdings at March 31, 2023 (33.3% of Net Assets) | |
1Apple, Inc. | 8.6% |
Designs, manufactures and markets personal computers and related computing and mobile-communication devices | |
2Microsoft Corp. | 7.1% |
Develops, manufactures, licenses, sells and supports software products | |
3Alphabet, Inc. | 4.2% |
Holding company with subsidiaries that provide Web-based search, maps, hardware products and various software applications | |
4Oracle Corp. | 2.5% |
Provider of database management software | |
5JPMorgan Chase & Co. | 2.4% |
Provider of global financial services | |
6Visa, Inc. | 2.1% |
Operates a retail electronic payments network and manages global financial services | |
7Amazon.com, Inc. | 1.8% |
Online retailer offering a wide range of products | |
8Waste Management, Inc. | 1.6% |
Provider of comprehensive waste management services | |
9QUALCOMM, Inc. | 1.5% |
Developer and manufacturer of communication systems | |
10Coca-Cola Co. | 1.5% |
Manufacturer and distributor of soft drinks |
DWS Core Equity Fund | | | 9 |
Shares | Value ($) | ||
Common Stocks 99.7% | |||
Communication Services 7.7% | |||
Entertainment 0.8% | |||
Spotify Technology SA* | 226,080 | 30,208,810 | |
Interactive Media & Services 5.8% | |||
Alphabet, Inc. “A” * | 597,483 | 61,976,912 | |
Alphabet, Inc. “C” * | 924,416 | 96,139,264 | |
Match Group, Inc.* | 282,688 | 10,852,392 | |
Meta Platforms, Inc. “A” * | 223,774 | 47,426,661 | |
216,395,229 | |||
Wireless Telecommunication Services 1.1% | |||
T-Mobile U.S., Inc.* | 286,893 | 41,553,582 | |
Consumer Discretionary 11.4% | |||
Automobile Components 1.6% | |||
BorgWarner, Inc. | 325,324 | 15,976,662 | |
Lear Corp. | 308,269 | 43,000,443 | |
58,977,105 | |||
Automobiles 0.3% | |||
Tesla, Inc.* | 58,584 | 12,153,837 | |
Broadline Retail 2.1% | |||
Amazon.com, Inc.* | 657,654 | 67,929,082 | |
Macy’s, Inc. | 674,809 | 11,802,409 | |
79,731,491 | |||
Distributors 0.4% | |||
Genuine Parts Co. | 100,175 | 16,760,279 | |
Diversified Consumer Services 0.2% | |||
ADT, Inc. | 1,322,803 | 9,563,866 | |
Hotels, Restaurants & Leisure 1.7% | |||
Hyatt Hotels Corp. “A” * | 224,645 | 25,113,065 | |
Wendy’s Co. | 1,699,917 | 37,024,192 | |
62,137,257 | |||
Specialty Retail 2.3% | |||
Bath & Body Works, Inc. | 456,538 | 16,700,160 | |
Five Below, Inc.* | 176,763 | 36,407,875 | |
RH* | 130,373 | 31,752,344 | |
84,860,379 |
10 | | | DWS Core Equity Fund |
Shares | Value ($) | ||
Textiles, Apparel & Luxury Goods 2.8% | |||
Lululemon Athletica, Inc.* | 36,287 | 13,215,362 | |
NIKE, Inc. “B” | 356,231 | 43,688,170 | |
PVH Corp. | 523,162 | 46,645,124 | |
103,548,656 | |||
Consumer Staples 7.2% | |||
Beverages 3.7% | |||
Coca-Cola Co. | 898,584 | 55,739,165 | |
Constellation Brands, Inc. “A” | 196,582 | 44,405,908 | |
PepsiCo, Inc. | 212,383 | 38,717,421 | |
138,862,494 | |||
Consumer Staples Distribution & Retail 0.5% | |||
Kroger Co. | 408,325 | 20,159,005 | |
Household Products 1.2% | |||
Church & Dwight Co., Inc. | 485,828 | 42,952,054 | |
Personal Products 1.3% | |||
Coty, Inc. “A” * | 3,983,679 | 48,043,169 | |
Tobacco 0.5% | |||
Philip Morris International, Inc. | 207,217 | 20,151,853 | |
Energy 5.0% | |||
Energy Equipment & Services 0.4% | |||
Schlumberger NV | 292,459 | 14,359,737 | |
Oil, Gas & Consumable Fuels 4.6% | |||
Cheniere Energy, Inc. | 275,004 | 43,340,630 | |
Devon Energy Corp. | 681,363 | 34,483,782 | |
HF Sinclair Corp. | 723,545 | 35,005,107 | |
Occidental Petroleum Corp. | 345,278 | 21,555,706 | |
Valero Energy Corp. | 277,669 | 38,762,592 | |
173,147,817 | |||
Financials 12.9% | |||
Banks 4.5% | |||
Bank of America Corp. | 772,536 | 22,094,530 | |
Huntington Bancshares, Inc. | 2,370,500 | 26,549,600 | |
JPMorgan Chase & Co. | 676,721 | 88,183,513 | |
Wells Fargo & Co. | 913,874 | 34,160,610 | |
170,988,253 | |||
Capital Markets 3.9% | |||
Ameriprise Financial, Inc. | 132,599 | 40,641,593 |
DWS Core Equity Fund | | | 11 |
Shares | Value ($) | ||
LPL Financial Holdings, Inc. | 203,899 | 41,269,158 | |
MSCI, Inc. | 84,875 | 47,503,689 | |
S&P Global, Inc. | 44,632 | 15,387,775 | |
144,802,215 | |||
Financial Services 3.2% | |||
Apollo Global Management, Inc. | 298,066 | 18,825,848 | |
Mastercard, Inc. “A” | 41,686 | 15,149,109 | |
PayPal Holdings, Inc.* | 103,805 | 7,882,952 | |
Visa, Inc. “A” | 348,006 | 78,461,433 | |
120,319,342 | |||
Insurance 1.3% | |||
Marsh & McLennan Companies, Inc. | 53,250 | 8,868,787 | |
MetLife, Inc. | 666,585 | 38,621,935 | |
47,490,722 | |||
Health Care 12.4% | |||
Biotechnology 4.4% | |||
AbbVie, Inc. | 313,396 | 49,945,921 | |
Amgen, Inc. | 213,970 | 51,727,247 | |
Biogen, Inc.* | 34,015 | 9,457,190 | |
Gilead Sciences, Inc. | 127,525 | 10,580,749 | |
Moderna, Inc.* | 289,020 | 44,387,692 | |
166,098,799 | |||
Health Care Equipment & Supplies 1.1% | |||
Becton, Dickinson & Co. | 77,303 | 19,135,585 | |
Stryker Corp. | 71,442 | 20,394,548 | |
39,530,133 | |||
Health Care Providers & Services 4.6% | |||
Centene Corp.* | 700,965 | 44,307,998 | |
Cigna Group | 120,581 | 30,812,063 | |
CVS Health Corp. | 199,779 | 14,845,577 | |
Elevance Health, Inc. | 117,255 | 53,915,021 | |
McKesson Corp. | 81,592 | 29,050,832 | |
172,931,491 | |||
Pharmaceuticals 2.3% | |||
Bristol-Myers Squibb Co. | 637,720 | 44,200,373 | |
Johnson & Johnson | 262,439 | 40,678,045 | |
84,878,418 |
12 | | | DWS Core Equity Fund |
Shares | Value ($) | ||
Industrials 8.8% | |||
Aerospace & Defense 3.4% | |||
General Dynamics Corp. | 166,558 | 38,010,201 | |
L3Harris Technologies, Inc. | 80,391 | 15,775,930 | |
Lockheed Martin Corp. | 39,027 | 18,449,234 | |
Northrop Grumman Corp. | 120,279 | 55,535,220 | |
127,770,585 | |||
Building Products 1.1% | |||
Owens Corning | 412,194 | 39,488,185 | |
Commercial Services & Supplies 1.6% | |||
Waste Management, Inc. | 359,917 | 58,727,657 | |
Electrical Equipment 0.4% | |||
Emerson Electric Co. | 178,409 | 15,546,560 | |
Ground Transportation 0.6% | |||
J.B. Hunt Transport Services, Inc. | 128,693 | 22,580,474 | |
Industrial Conglomerates 0.2% | |||
3M Co. | 86,960 | 9,140,366 | |
Machinery 1.1% | |||
Caterpillar, Inc. | 111,052 | 25,413,140 | |
Cummins, Inc. | 73,338 | 17,518,981 | |
42,932,121 | |||
Professional Services 0.4% | |||
Verisk Analytics, Inc. | 70,312 | 13,490,060 | |
Information Technology 25.3% | |||
Communications Equipment 0.6% | |||
Cisco Systems, Inc. | 440,229 | 23,012,971 | |
IT Services 0.5% | |||
Accenture PLC “A” | 60,010 | 17,151,458 | |
Semiconductors & Semiconductor Equipment 4.1% | |||
Advanced Micro Devices, Inc.* | 328,041 | 32,151,298 | |
Intel Corp. | 329,186 | 10,754,507 | |
Lam Research Corp. | 43,310 | 22,959,497 | |
NVIDIA Corp. | 106,288 | 29,523,618 | |
QUALCOMM, Inc. | 450,561 | 57,482,572 | |
152,871,492 | |||
Software 11.5% | |||
Adobe, Inc.* | 44,979 | 17,333,557 | |
Microsoft Corp. | 925,622 | 266,856,823 |
DWS Core Equity Fund | | | 13 |
Shares | Value ($) | ||
Oracle Corp. | 1,006,176 | 93,493,874 | |
Salesforce, Inc.* | 125,195 | 25,011,457 | |
Synopsys, Inc.* | 66,040 | 25,507,950 | |
428,203,661 | |||
Technology Hardware, Storage & Peripherals 8.6% | |||
Apple, Inc. | 1,960,585 | 323,300,467 | |
Materials 3.0% | |||
Chemicals 1.1% | |||
Corteva, Inc. | 153,211 | 9,240,155 | |
DuPont de Nemours, Inc. | 163,804 | 11,756,213 | |
Linde PLC | 59,539 | 21,162,542 | |
42,158,910 | |||
Metals & Mining 1.9% | |||
Cleveland-Cliffs, Inc.* | 2,318,023 | 42,489,362 | |
United States Steel Corp. | 1,084,432 | 28,303,675 | |
70,793,037 | |||
Real Estate 3.3% | |||
Industrial REITs 1.2% | |||
Prologis, Inc. | 355,839 | 44,398,032 | |
Residential REITs 0.9% | |||
AvalonBay Communities, Inc. | 190,265 | 31,975,936 | |
Specialized REITs 1.2% | |||
Iron Mountain, Inc. | 866,764 | 45,860,483 | |
Utilities 2.7% | |||
Electric Utilities 1.5% | |||
FirstEnergy Corp. | 392,963 | 15,742,098 | |
NextEra Energy, Inc. | 355,220 | 27,380,358 | |
NRG Energy, Inc. | 391,691 | 13,431,084 | |
56,553,540 | |||
Multi-Utilities 0.2% | |||
Public Service Enterprise Group, Inc. | 146,450 | 9,145,802 | |
Water Utilities 1.0% | |||
American Water Works Co., Inc. | 241,644 | 35,398,430 | |
Total Common Stocks (Cost $2,602,378,245) | 3,731,106,220 |
14 | | | DWS Core Equity Fund |
Contracts/ Notional Amount | Value ($) | ||
Put Options Purchased 0.0% | |||
Options on Exchange-Traded Futures Contracts | |||
S&P 500 E-Mini Future, Expiration Date 9/15/2023, Strike Price $3,600.0 (Cost $760,464) | 200 10,000 | 650,000 |
Shares | Value ($) | ||
Cash Equivalents 0.3% | |||
DWS Central Cash Management Government Fund, 4.78% (a) (Cost $12,096,710) | 12,096,710 | 12,096,710 |
% of Net Assets | Value ($) | ||
Total Investment Portfolio (Cost $2,615,235,419) | 100.0 | 3,743,852,930 | |
Other Assets and Liabilities, Net | (0.0 ) | (617,930 ) | |
Net Assets | 100.0 | 3,743,235,000 |
Value ($) at 9/30/2022 | Pur- chases Cost ($) | Sales Proceeds ($) | Net Real- ized Gain/ (Loss) ($) | Net Change in Unreal- ized Appreci- ation (Depreci- ation) ($) | Income ($) | Capital Gain Distri- butions ($) | Number of Shares at 3/31/2023 | Value ($) at 3/31/2023 |
Securities Lending Collateral 0.0% | ||||||||
DWS Government & Agency Securities Portfolio “DWS Government Cash Institutional Shares” , 4.66% (a) (b) | ||||||||
— | 0 (c) | — | — | — | 69 | — | — | — |
Cash Equivalents 0.3% | ||||||||
DWS Central Cash Management Government Fund, 4.78% (a) | ||||||||
14,969,450 | 184,527,478 | 187,400,218 | — | — | 608,160 | — | 12,096,710 | 12,096,710 |
14,969,450 | 184,527,478 | 187,400,218 | — | — | 608,229 | — | 12,096,710 | 12,096,710 |
* | Non-income producing security. |
(a) | Affiliated fund managed by DWS Investment Management Americas, Inc. The rate shown is the annualized seven-day yield at period end. |
DWS Core Equity Fund | | | 15 |
(b) | Represents cash collateral held in connection with securities lending. Income earned by the Fund is net of borrower rebates. |
(c) | Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount invested in cash collateral for the period ended March 31, 2023. |
REIT: Real Estate Investment Trust |
S&P: Standard & Poor’s |
Assets | Level 1 | Level 2 | Level 3 | Total |
Common Stocks (a) | $3,731,106,220 | $— | $— | $3,731,106,220 |
Put Options Purchased | 650,000 | — | — | 650,000 |
Short-Term Investments | 12,096,710 | — | — | 12,096,710 |
Total | $3,743,852,930 | $— | $— | $3,743,852,930 |
(a) | See Investment Portfolio for additional detailed categorizations. |
16 | | | DWS Core Equity Fund |
Assets | |
Investments in non-affiliated securities, at value (cost $2,603,138,709) | $3,731,756,220 |
Investment in DWS Central Cash Management Government Fund (cost $12,096,710) | 12,096,710 |
Cash | 10,000 |
Receivable for Fund shares sold | 490,992 |
Dividends receivable | 2,790,125 |
Interest receivable | 75,731 |
Other assets | 90,925 |
Total assets | 3,747,310,703 |
Liabilities | |
Payable for Fund shares redeemed | 1,676,741 |
Accrued management fee | 1,093,148 |
Accrued Trustees' fees | 40,692 |
Other accrued expenses and payables | 1,265,122 |
Total liabilities | 4,075,703 |
Net assets, at value | $3,743,235,000 |
Net Assets Consist of | |
Distributable earnings (loss) | 1,195,282,891 |
Paid-in capital | 2,547,952,109 |
Net assets, at value | $3,743,235,000 |
DWS Core Equity Fund | | | 17 |
Net Asset Value | |
Class A | |
Net Asset Value and redemption price per share ($367,204,128 ÷ 13,475,266 outstanding shares of beneficial interest, $.01 par value, unlimited number of shares authorized) | $27.25 |
Maximum offering price per share (100 ÷ 94.25 of $27.25) | $28.91 |
Class C | |
Net Asset Value, offering and redemption price (subject to contingent deferred sales charge) per share ($21,479,775 ÷ 848,535 outstanding shares of beneficial interest, $.01 par value, unlimited number of shares authorized) | $25.31 |
Class R | |
Net Asset Value, offering and redemption price per share ($1,615,725 ÷ 58,471 outstanding shares of beneficial interest, $.01 par value, unlimited number of shares authorized) | $27.63 |
Class R6 | |
Net Asset Value, offering and redemption price per share ($27,654,258 ÷ 997,925 outstanding shares of beneficial interest, $.01 par value, unlimited number of shares authorized) | $27.71 |
Class S | |
Net Asset Value, offering and redemption price per share ($3,126,163,507 ÷ 112,985,064 outstanding shares of beneficial interest, $.01 par value, unlimited number of shares authorized) | $27.67 |
Institutional Class | |
Net Asset Value, offering and redemption price per share ($199,117,607 ÷ 7,178,776 outstanding shares of beneficial interest, $.01 par value, unlimited number of shares authorized) | $27.74 |
18 | | | DWS Core Equity Fund |
Investment Income | |
Income: | |
Dividends | $29,195,721 |
Income distributions — DWS Central Cash Management Government Fund | 608,160 |
Securities lending income, net of borrower rebates | 69 |
Total income | 29,803,950 |
Expenses: | |
Management fee | 6,480,645 |
Administration fee | 1,778,284 |
Services to shareholders | 1,751,980 |
Distribution and service fees | 530,479 |
Custodian fee | 12,888 |
Professional fees | 63,722 |
Reports to shareholders | 69,867 |
Registration fees | 44,674 |
Trustees' fees and expenses | 73,770 |
Other | 130,202 |
Total expenses | 10,936,511 |
Net investment income | 18,867,439 |
Realized and Unrealized Gain (Loss) | |
Net realized gain (loss) from investments | 70,038,943 |
Change in net unrealized appreciation (depreciation) on investments | 447,187,299 |
Net gain (loss) | 517,226,242 |
Net increase (decrease) in net assets resulting from operations | $536,093,681 |
DWS Core Equity Fund | | | 19 |
Six Months Ended March 31, 2023 | Year Ended September 30, | |
Increase (Decrease) in Net Assets | (Unaudited) | 2022 |
Operations: | ||
Net investment income | $18,867,439 | $32,788,582 |
Net realized gain (loss) | 70,038,943 | 339,732,606 |
Change in net unrealized appreciation (depreciation) | 447,187,299 | (951,881,930 ) |
Net increase (decrease) in net assets resulting from operations | 536,093,681 | (579,360,742 ) |
Distributions to shareholders: | ||
Class A | (28,572,068 ) | (56,236,952 ) |
Class T | — | (2,419 ) |
Class C | (1,874,230 ) | (4,103,519 ) |
Class R | (118,338 ) | (269,186 ) |
Class R6 | (2,159,244 ) | (2,646,490 ) |
Class S | (245,518,896 ) | (486,052,529 ) |
Institutional Class | (15,780,401 ) | (39,866,098 ) |
Total distributions | (294,023,177 ) | (589,177,193 ) |
Fund share transactions: | ||
Proceeds from shares sold | 63,481,552 | 143,748,210 |
Reinvestment of distributions | 277,631,965 | 554,808,680 |
Payments for shares redeemed | (250,179,132 ) | (534,031,376 ) |
Net increase (decrease) in net assets from Fund share transactions | 90,934,385 | 164,525,514 |
Increase (decrease) in net assets | 333,004,889 | (1,004,012,421 ) |
Net assets at beginning of period | 3,410,230,111 | 4,414,242,532 |
Net assets at end of period | $3,743,235,000 | $3,410,230,111 |
20 | | | DWS Core Equity Fund |
DWS Core Equity Fund — Class A | ||||||
Six Months Ended 3/31/23 | Years Ended September 30, | |||||
(Unaudited) | 2022 | 2021 | 2020 | 2019 | 2018 | |
Selected Per Share Data | ||||||
Net asset value, beginning of period | $25.56 | $34.27 | $28.24 | $26.80 | $30.17 | $27.04 |
Income (loss) from investment operations: | ||||||
Net investment incomea | .11 | .17 | .19 | .25 | .27 | .24 |
Net realized and unrealized gain (loss) | 3.82 | (4.26 ) | 7.76 | 2.55 | (.46 ) | 4.51 |
Total from investment operations | 3.93 | (4.09 ) | 7.95 | 2.80 | (.19 ) | 4.75 |
Less distributions from: | ||||||
Net investment income | (.09 ) | (.17 ) | (.19 ) | (.28 ) | (.29 ) | (.22 ) |
Net realized gains | (2.15 ) | (4.45 ) | (1.73 ) | (1.08 ) | (2.89 ) | (1.40 ) |
Total distributions | (2.24 ) | (4.62 ) | (1.92 ) | (1.36 ) | (3.18 ) | (1.62 ) |
Net asset value, end of period | $27.25 | $25.56 | $34.27 | $28.24 | $26.80 | $30.17 |
Total Return (%)b | 15.85 * | (14.81 ) | 29.17 | 10.71 | 1.18 | 18.25 |
Ratios to Average Net Assets and Supplemental Data | ||||||
Net assets, end of period ($ millions) | 367 | 330 | 423 | 351 | 362 | 386 |
Ratio of expenses (%) | .83 ** | .83 | .82 | .84 | .84 | .86 |
Ratio of net investment income (%) | .80 ** | .54 | .58 | .95 | 1.04 | .85 |
Portfolio turnover rate (%) | 15 * | 28 | 35 | 46 | 39 | 46 |
a | Based on average shares outstanding during the period. |
b | Total return does not reflect the effect of any sales charges. |
* | Not annualized |
** | Annualized |
DWS Core Equity Fund | | | 21 |
DWS Core Equity Fund — Class C | ||||||
Six Months Ended 3/31/23 | Years Ended September 30, | |||||
(Unaudited) | 2022 | 2021 | 2020 | 2019 | 2018 | |
Selected Per Share Data | ||||||
Net asset value, beginning of period | $23.89 | $32.36 | $26.80 | $25.49 | $28.86 | $25.92 |
Income (loss) from investment operations: | ||||||
Net investment income (loss)a | .00 * | (.07 ) | (.06 ) | .05 | .07 | .02 |
Net realized and unrealized gain (loss) | 3.57 | (3.95 ) | 7.35 | 2.42 | (.46 ) | 4.33 |
Total from investment operations | 3.57 | (4.02 ) | 7.29 | 2.47 | (.39 ) | 4.35 |
Less distributions from: | ||||||
Net investment income | — | — | — | (.08 ) | (.09 ) | (.01 ) |
Net realized gains | (2.15 ) | (4.45 ) | (1.73 ) | (1.08 ) | (2.89 ) | (1.40 ) |
Total distributions | (2.15 ) | (4.45 ) | (1.73 ) | (1.16 ) | (2.98 ) | (1.41 ) |
Net asset value, end of period | $25.31 | $23.89 | $32.36 | $26.80 | $25.49 | $28.86 |
Total Return (%)b | 15.40 ** | (15.48 ) | 28.19 | 9.86 | .41 | 17.36 |
Ratios to Average Net Assets and Supplemental Data | ||||||
Net assets, end of period ($ millions) | 21 | 22 | 32 | 34 | 40 | 43 |
Ratio of expenses (%) | 1.59 *** | 1.59 | 1.59 | 1.61 | 1.60 | 1.62 |
Ratio of net investment income (loss) (%) | .03 *** | (.23 ) | (.20 ) | .18 | .28 | .09 |
Portfolio turnover rate (%) | 15 ** | 28 | 35 | 46 | 39 | 46 |
a | Based on average shares outstanding during the period. |
b | Total return does not reflect the effect of any sales charges. |
* | Amount is less than $.005. |
** | Not annualized |
*** | Annualized |
22 | | | DWS Core Equity Fund |
DWS Core Equity Fund — Class R | ||||||
Six Months Ended 3/31/23 | Years Ended September 30, | |||||
(Unaudited) | 2022 | 2021 | 2020 | 2019 | 2018 | |
Selected Per Share Data | ||||||
Net asset value, beginning of period | $25.89 | $34.67 | $28.56 | $27.08 | $30.45 | $27.28 |
Income (loss) from investment operations: | ||||||
Net investment incomea | .05 | .04 | .06 | .15 | .17 | .13 |
Net realized and unrealized gain (loss) | 3.88 | (4.32 ) | 7.84 | 2.59 | (.46 ) | 4.55 |
Total from investment operations | 3.93 | (4.28 ) | 7.90 | 2.74 | (.29 ) | 4.68 |
Less distributions from: | ||||||
Net investment income | (.04 ) | (.05 ) | (.06 ) | (.18 ) | (.19 ) | (.11 ) |
Net realized gains | (2.15 ) | (4.45 ) | (1.73 ) | (1.08 ) | (2.89 ) | (1.40 ) |
Total distributions | (2.19 ) | (4.50 ) | (1.79 ) | (1.26 ) | (3.08 ) | (1.51 ) |
Net asset value, end of period | $27.63 | $25.89 | $34.67 | $28.56 | $27.08 | $30.45 |
Total Return (%) | 15.60 * | (15.18 ) | 28.68 | 10.27 | .78 | 17.75 |
Ratios to Average Net Assets and Supplemental Data | ||||||
Net assets, end of period ($ millions) | 2 | 2 | 2 | 2 | 2 | 2 |
Ratio of expenses (%) | 1.25 ** | 1.24 | 1.22 | 1.22 | 1.25 | 1.28 |
Ratio of net investment income (%) | .38 ** | .13 | .18 | .56 | .64 | .44 |
Portfolio turnover rate (%) | 15 * | 28 | 35 | 46 | 39 | 46 |
a | Based on average shares outstanding during the period. |
* | Not annualized |
** | Annualized |
DWS Core Equity Fund | | | 23 |
DWS Core Equity Fund — Class R6 | ||||||
Six Months Ended 3/31/23 | Years Ended September 30, | |||||
(Unaudited) | 2022 | 2021 | 2020 | 2019 | 2018 | |
Selected Per Share Data | ||||||
Net asset value, beginning of period | $25.96 | $34.75 | $28.61 | $27.14 | $30.51 | $27.33 |
Income (loss) from investment operations: | ||||||
Net investment incomea | .16 | .27 | .32 | .35 | .37 | .35 |
Net realized and unrealized gain (loss) | 3.88 | (4.33 ) | 7.86 | 2.58 | (.46 ) | 4.56 |
Total from investment operations | 4.04 | (4.06 ) | 8.18 | 2.93 | (.09 ) | 4.91 |
Less distributions from: | ||||||
Net investment income | (.14 ) | (.28 ) | (.31 ) | (.38 ) | (.39 ) | (.33 ) |
Net realized gains | (2.15 ) | (4.45 ) | (1.73 ) | (1.08 ) | (2.89 ) | (1.40 ) |
Total distributions | (2.29 ) | (4.73 ) | (2.04 ) | (1.46 ) | (3.28 ) | (1.73 ) |
Net asset value, end of period | $27.71 | $25.96 | $34.75 | $28.61 | $27.14 | $30.51 |
Total Return (%) | 16.04 * | (14.54 ) | 29.64 | 11.09 | 1.55 | 18.63 |
Ratios to Average Net Assets and Supplemental Data | ||||||
Net assets, end of period ($ millions) | 28 | 20 | 31 | 12 | 14 | 16 |
Ratio of expenses (%) | .48 ** | .48 | .48 | .49 | .49 | .50 |
Ratio of net investment income (%) | 1.15 ** | .86 | .96 | 1.29 | 1.39 | 1.23 |
Portfolio turnover rate (%) | 15 * | 28 | 35 | 46 | 39 | 46 |
a | Based on average shares outstanding during the period. |
* | Not annualized |
** | Annualized |
24 | | | DWS Core Equity Fund |
DWS Core Equity Fund — Class S | ||||||
Six Months Ended 3/31/23 | Years Ended September 30, | |||||
(Unaudited) | 2022 | 2021 | 2020 | 2019 | 2018 | |
Selected Per Share Data | ||||||
Net asset value, beginning of period | $25.92 | $34.71 | $28.58 | $27.11 | $30.48 | $27.30 |
Income (loss) from investment operations: | ||||||
Net investment incomea | .15 | .26 | .28 | .33 | .34 | .32 |
Net realized and unrealized gain (loss) | 3.88 | (4.34 ) | 7.86 | 2.58 | (.45 ) | 4.56 |
Total from investment operations | 4.03 | (4.08 ) | 8.14 | 2.91 | (.11 ) | 4.88 |
Less distributions from: | ||||||
Net investment income | (.13 ) | (.26 ) | (.28 ) | (.36 ) | (.37 ) | (.30 ) |
Net realized gains | (2.15 ) | (4.45 ) | (1.73 ) | (1.08 ) | (2.89 ) | (1.40 ) |
Total distributions | (2.28 ) | (4.71 ) | (2.01 ) | (1.44 ) | (3.26 ) | (1.70 ) |
Net asset value, end of period | $27.67 | $25.92 | $34.71 | $28.58 | $27.11 | $30.48 |
Total Return (%) | 16.02 * | (14.62 ) | 29.53 | 11.01 | 1.47 | 18.56 |
Ratios to Average Net Assets and Supplemental Data | ||||||
Net assets, end of period ($ millions) | 3,126 | 2,842 | 3,629 | 3,076 | 3,198 | 3,480 |
Ratio of expenses (%) | .56 ** | .56 | .55 | .57 | .57 | .58 |
Ratio of net investment income (%) | 1.06 ** | .81 | .84 | 1.21 | 1.31 | 1.13 |
Portfolio turnover rate (%) | 15 * | 28 | 35 | 46 | 39 | 46 |
a | Based on average shares outstanding during the period. |
* | Not annualized |
** | Annualized |
DWS Core Equity Fund | | | 25 |
DWS Core Equity Fund — Institutional Class | ||||||
Six Months Ended 3/31/23 | Years Ended September 30, | |||||
(Unaudited) | 2022 | 2021 | 2020 | 2019 | 2018 | |
Selected Per Share Data | ||||||
Net asset value, beginning of period | $25.98 | $34.77 | $28.63 | $27.16 | $30.54 | $27.35 |
Income (loss) from investment operations: | ||||||
Net investment incomea | .14 | .25 | .28 | .33 | .36 | .33 |
Net realized and unrealized gain (loss) | 3.90 | (4.34 ) | 7.87 | 2.58 | (.47 ) | 4.57 |
Total from investment operations | 4.04 | (4.09 ) | 8.15 | 2.91 | (.11 ) | 4.90 |
Less distributions from: | ||||||
Net investment income | (.13 ) | (.25 ) | (.28 ) | (.36 ) | (.38 ) | (.31 ) |
Net realized gains | (2.15 ) | (4.45 ) | (1.73 ) | (1.08 ) | (2.89 ) | (1.40 ) |
Total distributions | (2.28 ) | (4.70 ) | (2.01 ) | (1.44 ) | (3.27 ) | (1.71 ) |
Net asset value, end of period | $27.74 | $25.98 | $34.77 | $28.63 | $27.16 | $30.54 |
Total Return (%) | 16.02 * | (14.60 ) | 29.52 | 11.01 | 1.47 | 18.59 |
Ratios to Average Net Assets and Supplemental Data | ||||||
Net assets, end of period ($ millions) | 199 | 196 | 297 | 269 | 169 | 97 |
Ratio of expenses (%) | .57 ** | .57 | .56 | .57 | .55 | .55 |
Ratio of net investment income (%) | 1.04 ** | .79 | .84 | 1.24 | 1.35 | 1.16 |
Portfolio turnover rate (%) | 15 * | 28 | 35 | 46 | 39 | 46 |
a | Based on average shares outstanding during the period. |
* | Not annualized |
** | Annualized |
26 | | | DWS Core Equity Fund |
DWS Core Equity Fund | | | 27 |
28 | | | DWS Core Equity Fund |
DWS Core Equity Fund | | | 29 |
30 | | | DWS Core Equity Fund |
DWS Core Equity Fund | | | 31 |
Assets Derivative | Purchased Options |
Equity Contracts (a) | $650,000 |
The above derivative is located in the following Statement of Assets and Liabilities account: |
(a) | Investments in securities at value (includes purchased options) |
Change in Net Unrealized Appreciation (Depreciation) | Purchased Options |
Equity Contracts (a) | $(110,464 ) |
The above derivative is located in the following Statement of Operations account: |
(a) | Change in net unrealized appreciation (depreciation) on investments (includes purchased options) |
32 | | | DWS Core Equity Fund |
First $250 million of the Fund’s average daily net assets | .365% |
Next $750 million of such net assets | .360% |
Next $1.5 billion of such net assets | .355% |
Next $5.0 billion of such net assets | .345% |
Next $5.0 billion of such net assets | .335% |
Next $5.0 billion of such net assets | .325% |
Over $17.5 billion of such net assets | .300% |
Class A | 1.12% | |
Class C | 1.86% | |
Class R | 1.36% | |
Class R6 | .87% | |
Class S | .87% | |
Institutional Class | .87% |
DWS Core Equity Fund | | | 33 |
Services to Shareholders | Total Aggregated | Unpaid at March 31, 2023 |
Class A | $70,159 | $23,755 |
Class C | 1,865 | 600 |
Class R | 165 | 67 |
Class R6 | 339 | 124 |
Class S | 639,524 | 217,706 |
Institutional Class | 565 | 204 |
$712,617 | $242,456 |
Sub-Recordkeeping | Total Aggregated |
Class A | $132,012 |
Class C | 12,495 |
Class R | 1,989 |
Class S | 638,244 |
Institutional Class | 90,607 |
$875,347 |
34 | | | DWS Core Equity Fund |
Distribution Fee | Total Aggregated | Unpaid at March 31, 2023 |
Class C | $83,248 | $13,433 |
Class R | 1,989 | 332 |
$85,237 | $13,765 |
Service Fee | Total Aggregated | Unpaid at March 31, 2023 | Annualized Rate |
Class A | $417,659 | $138,717 | .23% |
Class C | 25,619 | 9,442 | .23% |
Class R | 1,964 | 624 | .25% |
$445,242 | $148,783 |
DWS Core Equity Fund | | | 35 |
36 | | | DWS Core Equity Fund |
Six Months Ended March 31, 2023 | Year Ended September 30, 2022 | |||
Shares | Dollars | Shares | Dollars | |
Shares sold | ||||
Class A | 331,373 | $8,837,340 | 645,013 | $20,425,078 |
Class C | 58,033 | 1,463,893 | 82,073 | 2,540,954 |
Class R | 1,368 | 37,323 | 5,556 | 173,295 |
Class R6 | 250,198 | 6,745,392 | 259,996 | 7,508,654 |
Class S | 524,104 | 14,312,419 | 1,437,582 | 45,641,897 |
Institutional Class | 1,174,482 | 32,085,185 | 2,118,796 | 67,458,332 |
$63,481,552 | $143,748,210 | |||
Shares issued to shareholders in reinvestment of distributions | ||||
Class A | 1,029,742 | $26,720,111 | 1,608,403 | $52,453,620 |
Class T | — | — | 74 * | 2,419 * |
Class C | 74,726 | 1,801,638 | 126,719 | 3,888,990 |
Class R | 4,497 | 118,338 | 8,120 | 269,186 |
Class R6 | 79,772 | 2,105,359 | 77,587 | 2,558,121 |
Class S | 8,835,672 | 232,833,820 | 13,947,981 | 460,363,651 |
Institutional Class | 532,059 | 14,052,699 | 1,064,903 | 35,272,693 |
$277,631,965 | $554,808,680 | |||
Shares redeemed | ||||
Class A | (800,492 ) | $(21,543,744 ) | (1,683,329 ) | $(52,714,985 ) |
Class T | — | — | (594 )* | (15,188 )* |
Class C | (185,259 ) | (4,588,741 ) | (296,819 ) | (9,034,803 ) |
Class R | (7,021 ) | (205,795 ) | (16,020 ) | (495,951 ) |
Class R6 | (101,112 ) | (2,738,742 ) | (453,730 ) | (16,316,486 ) |
Class S | (5,999,783 ) | (164,508,084 ) | (10,336,525 ) | (325,889,505 ) |
Institutional Class | (2,053,652 ) | (56,594,026 ) | (4,193,277 ) | (129,564,458 ) |
$(250,179,132 ) | $(534,031,376 ) |
DWS Core Equity Fund | | | 37 |
Six Months Ended March 31, 2023 | Year Ended September 30, 2022 | |||
Shares | Dollars | Shares | Dollars | |
Net increase (decrease) | ||||
Class A | 560,623 | $14,013,707 | 570,087 | $20,163,713 |
Class T | — | — | (520 )* | (12,769 )* |
Class C | (52,500 ) | (1,323,210 ) | (88,027 ) | (2,604,859 ) |
Class R | (1,156 ) | (50,134 ) | (2,344 ) | (53,470 ) |
Class R6 | 228,858 | 6,112,009 | (116,147 ) | (6,249,711 ) |
Class S | 3,359,993 | 82,638,155 | 5,049,038 | 180,116,043 |
Institutional Class | (347,111 ) | (10,456,142 ) | (1,009,578 ) | (26,833,433 ) |
$90,934,385 | $164,525,514 |
* | For the period from October 1, 2021 to September 30, 2022 (Class T liquidation date). |
38 | | | DWS Core Equity Fund |
DWS Core Equity Fund | | | 39 |
Actual Fund Return | Class A | Class C | Class R | Class R6 | Class S | Institutional Class |
Beginning Account Value 10/1/22 | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value 3/31/23 | $1,158.50 | $1,154.00 | $1,156.00 | $1,160.40 | $1,160.20 | $1,160.20 |
Expenses Paid per $1,000* | $4.47 | $8.54 | $6.72 | $2.59 | $3.02 | $3.07 |
Hypothetical 5% Fund Return | Class A | Class C | Class R | Class R6 | Class S | Institutional Class |
Beginning Account Value 10/1/22 | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value 3/31/23 | $1,020.79 | $1,017.00 | $1,018.70 | $1,022.54 | $1,022.14 | $1,022.09 |
Expenses Paid per $1,000* | $4.18 | $8.00 | $6.29 | $2.42 | $2.82 | $2.87 |
* | Expenses are equal to the Fund’s annualized expense ratio for each share class, multiplied by the average account value over the period, multiplied by 182 (the number of days in the most recent six-month period), then divided by 365. |
Annualized Expense Ratios | Class A | Class C | Class R | Class R6 | Class S | Institutional Class |
DWS Core Equity Fund | .83% | 1.59% | 1.25% | .48% | .56% | .57% |
40 | | | DWS Core Equity Fund |
DWS Core Equity Fund | | | 41 |
42 | | | DWS Core Equity Fund |
DWS Core Equity Fund | | | 43 |
44 | | | DWS Core Equity Fund |
DWS Core Equity Fund | | | 45 |
For More Information | The automated telephone system allows you to access personalized account information and obtain information on other DWS funds using either your voice or your telephone keypad. Certain account types within Classes A, C and S also have the ability to purchase, exchange or redeem shares using this system. |
For more information, contact your financial representative. You may also access our automated telephone system or speak with a Shareholder Service representative by calling: (800) 728-3337 | |
Web Site | dws.com View your account transactions and balances, trade shares, monitor your asset allocation, subscribe to fund and account updates by e-mail, and change your address, 24 hours a day. |
Obtain prospectuses and applications, news about DWS funds, insight from DWS economists and investment specialists and access to DWS fund account information. | |
Written Correspondence | DWS PO Box 219151 Kansas City, MO 64121-9151 |
Proxy Voting | The Fund’s policies and procedures for voting proxies for portfolio securities and information about how the Fund voted proxies related to its portfolio securities during the most recent 12-month period ended June 30 are available on our Web site — dws.com/en-us/resources/proxy-voting — or on the SEC’s Web site — sec.gov. To obtain a written copy of the Fund’s policies and procedures without charge, upon request, call us toll free at (800) 728-3337. |
Portfolio Holdings | Following the Fund’s fiscal first and third quarter-end, a complete portfolio holdings listing is posted on dws.com and is available free of charge by contacting your financial intermediary or, if you are a direct investor, by calling (800) 728-3337. In addition, the portfolio holdings listing is filed with the SEC on the Fund’s Form N-PORT and will be available on the SEC’s Web site at sec.gov. Additional portfolio holdings for the Fund are also posted on dws.com from time to time. Please see the Fund’s current prospectus for more information. |
Principal Underwriter | If you have questions, comments or complaints, contact: DWS Distributors, Inc. 222 South Riverside Plaza Chicago, IL 60606-5808 (800) 621-1148 |
46 | | | DWS Core Equity Fund |
Investment Management | DWS Investment Management Americas, Inc. (“DIMA” or the “Advisor” ), which is part of the DWS Group GmbH & Co. KGaA (“DWS Group” ), is the investment advisor for the Fund. DIMA and its predecessors have more than 90 years of experience managing mutual funds and DIMA provides a full range of investment advisory services to both institutional and retail clients. DIMA is an indirect, wholly owned subsidiary of DWS Group. |
DWS Group is a global organization that offers a wide range of investing expertise and resources, including hundreds of portfolio managers and analysts and an office network that reaches the world’s major investment centers. This well-resourced global investment platform brings together a wide variety of experience and investment insight across industries, regions, asset classes and investing styles. |
Class A | Class C | Class S | Institutional Class | |
Nasdaq Symbol | SUWAX | SUWCX | SCDGX | SUWIX |
CUSIP Number | 25157M 729 | 25157M 661 | 25157M 679 | 25157M 687 |
Fund Number | 464 | 764 | 2064 | 550 |
For shareholders of Class R and Class R6 | |
Automated Information Line | DWS/Ascensus Plan Access (800) 728-3337 |
24-hour access to your retirement plan account. | |
Web Site | dws.com |
Obtain prospectuses and applications, news about DWS funds, insight from DWS economists and investment specialists and access to DWS fund account information. | |
Log in/register to manage retirement account assets at https://www.mykplan.com/participantsecure_net/login.aspx. | |
For More Information | (800) 728-3337 |
To speak with a service representative. | |
Written Correspondence | DWS Service Company 222 South Riverside Plaza Chicago, IL 60606-5806 |
Class R | Class R6 | |
Nasdaq Symbol | SUWTX | SUWZX |
CUSIP Number | 25157M 646 | 25157M 612 |
Fund Number | 1564 | 1664 |
DWS Core Equity Fund | | | 47 |
(b) Not applicable | ||
ITEM 2. | CODE OF ETHICS | |
Not applicable. | ||
ITEM 3. | AUDIT COMMITTEE FINANCIAL EXPERT | |
Not applicable | ||
ITEM 4. | PRINCIPAL ACCOUNTANT FEES AND SERVICES | |
Not applicable | ||
ITEM 5. | AUDIT COMMITTEE OF LISTED REGISTRANTS | |
Not applicable | ||
ITEM 6. | SCHEDULE OF INVESTMENTS | |
Not applicable | ||
ITEM 7. | DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES | |
Not applicable | ||
ITEM 8. | PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES | |
Not applicable | ||
ITEM 9. | PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS | |
Not applicable | ||
ITEM 10. | SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS | |
There were no material changes to the procedures by which shareholders may recommend nominees to the Fund’s Board. The primary function of the Nominating and Governance Committee is to identify and recommend individuals for membership on the Board and oversee the administration of the Board Governance Guidelines. Shareholders may recommend candidates for Board positions by forwarding their correspondence by U.S. mail or courier service to Keith R. Fox, DWS Funds Board Chair, c/o Thomas R. Hiller, Ropes & Gray LLP, Prudential Tower, 800 Boylston Street, Boston, MA 02199-3600. | ||
ITEM 11. | 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 period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal controls over financial reporting. | |
ITEM 12. | Disclosure of Securities Lending Activities for Closed-End Management Investment Companies. | |
Not applicable | ||
ITEM 13. | EXHIBITS | |
(a)(1) | Not applicable | |
(a)(2) | 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. | |
(b) | Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 (17 CFR 270.30a-2(b)) is furnished and attached hereto as Exhibit 99.906CERT. |
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: | 5/30/2023 |
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: | 5/30/2023 |
By: | /s/Diane Kenneally Diane Kenneally Chief Financial Officer and Treasurer |
Date: | 5/30/2023 |