03/28/2024 | Press release | Distributed by Public on 03/28/2024 07:59
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM N-CSRS
Investment Company Act file number: 811-02527
Deutsche DWS Money Funds
(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: | 7/31 |
Date of reporting period: | 1/31/2024 |
ITEM 1. | REPORT TO STOCKHOLDERS |
(a) | |
4
|
Portfolio Summary
|
5
|
Investment Portfolio
|
12
|
Statement of Assets and Liabilities
|
13
|
Statement of Operations
|
14
|
Statements of Changes in Net Assets
|
15
|
Financial Highlights
|
19
|
Notes to Financial Statements
|
28
|
Other Information
|
29
|
Information About Your Fund's Expenses
|
31
|
Advisory Agreement Board Considerations and Fee Evaluation
|
35
|
Account Management Resources
|
2
|
|
|
DWS Money Market Prime Series
|
DWS Money Market Prime Series
|
|
|
3
|
Asset Allocation(As a % of Investment Portfolio)
|
1/31/24
|
7/31/23
|
Commercial Paper
|
51%
|
48%
|
Repurchase Agreements
|
15%
|
12%
|
Variable Rate Demand Notes
|
12%
|
13%
|
Certificates of Deposit and Bank Notes
|
11%
|
16%
|
Time Deposits
|
8%
|
9%
|
Government & Agency Obligations
|
2%
|
1%
|
Variable Rate Demand Preferred Shares
|
1%
|
1%
|
100%
|
100%
|
Weighted Average Maturity
|
1/31/24
|
7/31/23
|
DWS Money Market Prime Series
|
27 days
|
29 days
|
iMoneyNet Money Fund Average™ - First Tier Retail*
|
35 days
|
26 days
|
*
|
The Fund is compared to its respective iMoneyNet Money Fund Average category: First
Tier Retail - Category includes retail funds that may invest in certificates of deposit,
time deposits, bankers' acceptances and other short term obligations issued by
domestic banks, foreign subsidiaries or foreign branches of domestic banks, domestic
and foreign branches of foreign banks and other banking institutions, commercial paper,
floating and variable rate demand notes and bonds, and asset-backed securities.
|
4
|
|
|
DWS Money Market Prime Series
|
Principal
Amount ($)
|
Value ($)
|
||
Certificates of Deposit and Bank Notes 11.4%
|
|||
Bank of America NA:
|
|||
5.67%, 4/10/2024
|
7,500,000
|
7,500,000
|
|
5.71%, 3/25/2024
|
2,000,000
|
2,000,000
|
|
5.97%, 8/16/2024
|
5,000,000
|
5,000,000
|
|
Citibank NA, 5.63%, 2/28/2024
|
2,000,000
|
2,000,000
|
|
Credit Agricole Corporate & Investment Bank SA, 5.74%,
2/2/2024
|
5,000,000
|
4,999,999
|
|
HSBC Bank USA NA:
|
|||
5.82%, 3/11/2024
|
5,000,000
|
5,000,000
|
|
5.97%, 8/14/2024
|
3,000,000
|
3,000,000
|
|
Kookmin Bank:
|
|||
5.4%, 10/22/2024
|
3,000,000
|
3,000,000
|
|
SOFR + 0.55%, 5.86% (a), 7/22/2024
|
3,000,000
|
3,000,000
|
|
Nordea Bank ABP, SOFR + 0.37%, 5.68% (a), 3/15/2024
|
5,000,000
|
5,000,000
|
|
Oversea-Chinese Banking Corp. Ltd., SOFR + 0.25%,
5.56% (a), 2/5/2024
|
10,000,000
|
10,000,000
|
|
Svenska Handelsbanken AB, SOFR + 0.55%, 5.86% (a),
3/5/2024
|
3,500,000
|
3,500,000
|
|
Toronto-Dominion Bank, 5.86%, 3/27/2024
|
3,000,000
|
3,000,000
|
|
Wells Fargo Bank NA:
|
|||
SOFR + 0.56%, 5.87% (a), 10/25/2024
|
5,000,000
|
5,000,000
|
|
SOFR + 0.65%, 5.96% (a), 7/3/2024
|
5,000,000
|
5,000,000
|
|
Total Certificates of Deposit and Bank Notes (Cost $66,999,999)
|
66,999,999
|
||
Commercial Paper 52.7%
|
|||
Issued at Discount (b) 41.1%
|
|||
Alinghi Funding Co. LLC:
|
|||
144A, 5.799%, 5/14/2024
|
4,000,000
|
3,934,538
|
|
144A, 5.799%, 6/12/2024
|
5,000,000
|
4,895,133
|
|
Archer-Daniels-Midland Co., 144A, 5.576%, 2/26/2024
|
20,000,000
|
19,923,611
|
|
AT&T, Inc., 144A, 5.44%, 3/1/2024
|
15,000,000
|
14,934,267
|
|
Autobahn Funding Co. LLC, 144A, 5.394%, 2/1/2024
|
10,000,000
|
10,000,000
|
|
Barclays Capital, Inc., 5.799%, 2/7/2024
|
7,500,000
|
7,492,850
|
|
Barton Capital SA:
|
|||
144A, 5.698%, 2/12/2024
|
3,000,000
|
2,994,848
|
|
144A, 5.708%, 2/23/2024
|
4,000,000
|
3,986,238
|
|
BASF SE, 144A, 5.404%, 2/2/2024
|
5,000,000
|
4,999,260
|
|
Berkshire Hathaway Energy Co., 144A, 5.668%, 2/13/2024
|
3,000,000
|
2,994,410
|
DWS Money Market Prime Series
|
|
|
5
|
Principal
Amount ($)
|
Value ($)
|
||
BP Capital Markets PLC, 144A, 5.465%, 2/1/2024
|
23,000,000
|
23,000,000
|
|
Chesham Finance Ltd., 144A, 5.455%, 2/1/2024
|
2,635,000
|
2,635,000
|
|
Citigroup Global Markets, Inc., 144A, 5.617%, 3/7/2024
|
5,000,000
|
4,973,069
|
|
Concord Minutemen Capital Co. LLC, 144A, 5.576%,
3/11/2024
|
15,000,000
|
14,910,625
|
|
DBS Bank Ltd., 144A, 5.637%, 2/13/2024
|
5,000,000
|
4,990,733
|
|
Duke Energy Corp., 144A, 5.708%, 2/27/2024
|
4,325,000
|
4,307,414
|
|
Export Development Canada, 5.576%, 5/1/2024
|
2,500,000
|
2,465,625
|
|
HSBC USA, Inc., 144A, 5.526%, 4/26/2024
|
10,000,000
|
9,871,320
|
|
Kookmin Bank, 144A, 5.83%, 4/16/2024
|
7,500,000
|
7,410,156
|
|
LVMH Moet Hennessy Louis Vuitton SE, 144A, 5.637%,
3/21/2024
|
4,000,000
|
3,969,729
|
|
Macquarie Bank Ltd., 144A, 5.708%, 2/1/2024
|
5,000,000
|
5,000,000
|
|
MUFG Bank Ltd., 5.323%, 7/11/2024
|
9,000,000
|
8,788,688
|
|
National Bank of Canada, 144A, 5.678%, 3/25/2024
|
5,000,000
|
4,958,778
|
|
Oracle Corp.:
|
|||
144A, 5.475%, 3/11/2024
|
8,000,000
|
7,953,200
|
|
144A, 5.495%, 4/23/2024
|
7,500,000
|
7,407,408
|
|
144A, 5.576%, 4/22/2024
|
2,450,000
|
2,419,681
|
|
Oversea-Chinese Banking Corp. Ltd., 144A, 5.637%,
3/6/2024
|
5,000,000
|
4,973,745
|
|
Pfizer, Inc., 144A, 5.424%, 2/2/2024
|
5,000,000
|
4,999,257
|
|
Pricoa Short Term Funding LLC, 144A, 5.678%, 7/16/2024
|
5,000,000
|
4,870,889
|
|
Standard Chartered Bank:
|
|||
144A, 5.201%, 2/5/2024
|
580,000
|
579,669
|
|
144A, 5.739%, 3/25/2024
|
2,000,000
|
1,983,334
|
|
144A, 5.739%, 4/2/2024
|
4,000,000
|
3,961,638
|
|
VW Credit, Inc.:
|
|||
144A, 5.627%, 3/12/2024
|
5,000,000
|
4,969,167
|
|
144A, 5.647%, 3/11/2024
|
2,793,000
|
2,776,147
|
|
144A, 5.698%, 3/18/2024
|
10,000,000
|
9,928,189
|
|
144A, 5.86%, 2/7/2024
|
5,000,000
|
4,995,183
|
|
Westpac Banking Corp., 144A, 5.374%, 6/18/2024
|
6,230,000
|
6,103,427
|
|
241,357,226
|
|||
Issued at Par 11.6%
|
|||
ANZ New Zealand International Ltd., 144A, SOFR +
0.260%, 5.57% (a), 2/20/2024
|
7,000,000
|
7,000,000
|
|
BNZ International Funding Ltd., 144A, SOFR + 0.4%,
5.72% (a), 4/17/2024
|
5,000,000
|
5,000,000
|
|
Commonwealth Bank of Australia, 144A, SOFR + 0.55%,
5.86% (a), 10/10/2024
|
5,000,000
|
5,000,000
|
|
Concord Minutemen Capital Co. LLC, 144A,
5.53%, 4/8/2024
|
5,000,000
|
5,000,000
|
6
|
|
|
DWS Money Market Prime Series
|
Principal
Amount ($)
|
Value ($)
|
||
Great Bear Funding LLC, 5.67%, 5/31/2024
|
7,500,000
|
7,500,000
|
|
Idaho Housing & Finance Association, 5.62%, 2/7/2024
|
15,000,000
|
15,000,000
|
|
ING U.S. Funding LLC, 144A, SOFR + 0.36%, 5.67%
(a), 2/16/2024
|
5,000,000
|
5,000,234
|
|
National Australia Bank Ltd.:
|
|||
144A, SOFR + 0.25%, 5.56% (a), 3/5/2024
|
7,500,000
|
7,500,067
|
|
144A, SOFR + 0.33%, 5.64% (a), 3/12/2024
|
5,000,000
|
5,000,000
|
|
Royal Bank of Canada, 144A, 5.67%, 1/9/2025
|
1,000,000
|
1,000,000
|
|
Swedbank AB, SOFR + 0.38%, 5.69% (a), 4/8/2024
|
5,000,000
|
5,000,000
|
|
68,000,301
|
|||
Total Commercial Paper (Cost $309,357,527)
|
309,357,527
|
||
Variable Rate Demand Notes (c) 12.2%
|
|||
Alaska, State Housing Finance Corp., Series B,
5.39%, 2/7/2024
|
7,635,000
|
7,635,000
|
|
California, University of California Revenue, Series Z-2,
5.37%, 2/7/2024
|
14,250,000
|
14,250,000
|
|
Colorado, State Housing & Finance Authority:
|
|||
"II" , Series C2, 5.35%, 2/7/2024, SPA: Federal Home
Loan Bank
|
1,250,000
|
1,250,000
|
|
Series M-2, 5.37%, 2/7/2024, SPA: Barclays Bank PLC
|
2,935,000
|
2,935,000
|
|
Colorado, State Housing & Finance Authority, Multi-Family
Housing Project, "I" , Series C, 5.35%, 2/7/2024, SPA:
Federal Home Loan Bank
|
9,050,000
|
9,050,000
|
|
Issaquah Gateway SR Development LLC, Series A,
5.46%, 2/7/2024
|
11,000,000
|
11,000,000
|
|
Louisville & Jefferson County, KY, Metropolitan
Government Health System Revenue, Norton
Healthcare, Inc., Series B, 2.95%, 2/1/2024, LOC: PNC
Bank NA
|
4,000,000
|
4,000,000
|
|
Massachusetts, State Health & Educational Facilities
Authority Revenue, Massachusetts Institute of
Technology, Series J-2, 3.7%, 2/7/2024
|
1,550,000
|
1,550,000
|
|
New York, State Housing Finance Agency Revenue,
160 Madison Avenue LLC, Series B, 5.28%, 2/1/2024
|
8,700,000
|
8,700,000
|
|
New York, Triborough Bridge & Tunnel Authority Revenue,
Series B, 3.15%, 2/1/2024
|
2,845,000
|
2,845,000
|
|
Taxable Municipal Funding Trust, Series 2018-4, 144A,
AMT, 5.45%, 2/7/2024, INS: AGMC
|
1,225,000
|
1,225,000
|
|
Texas, University of Texas Revenue, Financing System,
Series G2, 5.32%, 2/7/2024, LIQ: University of Texas
Investment Management Co.
|
7,000,000
|
7,000,000
|
|
Total Variable Rate Demand Notes (Cost $71,440,000)
|
71,440,000
|
DWS Money Market Prime Series
|
|
|
7
|
Principal
Amount ($)
|
Value ($)
|
||
Government & Agency Obligations 2.2%
|
|||
U.S. Treasury Obligations
|
|||
U.S. Treasury Bills:
|
|||
5.055% (b), 11/29/2024
|
5,000,000
|
4,790,865
|
|
5.409% (b), 3/5/2024
|
3,000,000
|
2,985,329
|
|
U.S. Treasury Floating Rate Notes, 3-month U.S. Treasury
Bill Money Market Yield minus 0.075%, 5.22% (a),
4/30/2024
|
5,000,000
|
4,998,273
|
|
Total Government & Agency Obligations (Cost $12,774,467)
|
12,774,467
|
||
Variable Rate Demand Preferred Shares 0.7%
|
|||
Invesco Senior Income Trust, 144A, Series W-7, 5.5%(c),
2/7/2024 (Cost $4,000,000)
|
4,000,000
|
4,000,000
|
|
Time Deposits 8.2%
|
|||
Canada Imperial Bank of Commerce, 5.31%, 2/1/2024
|
23,000,000
|
23,000,000
|
|
Mizuho Bank Ltd., 5.32%, 2/1/2024
|
25,000,000
|
25,000,000
|
|
Total Time Deposits (Cost $48,000,000)
|
48,000,000
|
||
Repurchase Agreements 15.0%
|
|||
Barclays Bank PLC, 5.31%, dated 1/31/2024, to be
repurchased at $31,504,646 on 2/1/2024 (d)
|
31,500,000
|
31,500,000
|
|
BNP Paribas:
|
|||
5.31%, dated 1/31/2024, to be repurchased at
$11,501,696 on 2/1/2024 (e)
|
11,500,000
|
11,500,000
|
|
5.32%, dated 1/31/2024, to be repurchased at
$2,300,340 on 2/1/2024 (f)
|
2,300,000
|
2,300,000
|
|
5.39%, dated 1/31/2024, to be repurchased at
$20,002,994 on 2/1/2024 (g)
|
20,000,000
|
20,000,000
|
|
Royal Bank of Canada:
|
|||
5.31%, dated 1/31/2024, to be repurchased at
$1,000,148 on 2/1/2024 (h)
|
1,000,000
|
1,000,000
|
|
5.32%, dated 1/31/2024, to be repurchased at
$6,000,887 on 2/1/2024 (i)
|
6,000,000
|
6,000,000
|
|
Wells Fargo Bank, 5.32%, dated 1/31/2024, to be
repurchased at $15,717,322 on 2/1/2024 (j)
|
15,715,000
|
15,715,000
|
|
Total Repurchase Agreements (Cost $88,015,000)
|
88,015,000
|
8
|
|
|
DWS Money Market Prime Series
|
% of Net
Assets
|
Value ($)
|
||
Total Investment Portfolio (Cost $600,586,993)
|
102.4
|
600,586,993
|
|
Other Assets and Liabilities, Net
|
(2.4
)
|
(14,063,121
)
|
|
Net Assets
|
100.0
|
586,523,872
|
(a)
|
Floating rate security. These securities are shown at their current rate as of
January 31, 2024.
|
(b)
|
Annualized yield at time of purchase; not a coupon rate.
|
(c)
|
Variable rate demand notes and variable rate demand preferred shares are securities
whose interest rates are reset periodically (usually daily mode or weekly mode) by
remarketing agents based on current market levels, and are not directly set as a fixed
spread to a reference rate. These securities may be redeemed at par by the holder
through a put or tender feature, and are shown at their current rates as of January 31,
2024. Date shown reflects the earlier of demand date or stated maturity date.
|
(d)
|
Collateralized by:
|
Principal
Amount ($)
|
Security
|
Rate (%)
|
Maturity Date
|
Collateral
Value ($)
|
31,282,100
|
U.S. Treasury Notes
|
5.0
|
9/30/2025
|
32,130,010
|
(e)
|
Collateralized by:
|
Principal
Amount ($)
|
Security
|
Rate (%)
|
Maturity Date
|
Collateral
Value ($)
|
12,881,000
|
U.S. Treasury Bonds
|
3.625
|
2/15/2044
|
11,729,418
|
500
|
U.S. Treasury
Inflation-Indexed Notes
|
0.375
|
1/15/2027
|
607
|
Total Collateral Value
|
11,730,025
|
(f)
|
Collateralized by:
|
Principal
Amount ($)
|
Security
|
Rate (%)
|
Maturity Date
|
Collateral
Value ($)
|
2,345,900
|
U.S. Treasury Notes
|
3.875
|
4/30/2025
|
2,346,036
|
(g)
|
Collateralized by:
|
Principal
Amount ($)
|
Security
|
Rate (%)
|
Maturity Date
|
Collateral
Value ($)
|
5,378,378
|
Federal Home Loan
Mortgage Corp.
|
3.78
|
1/25/2032
|
5,172,193
|
9,252,826
|
Asset-Backed Securities
|
0.64-7.535
|
12/12/2024-1/15/2040
|
8,442,200
|
7,307,025
|
Corporate Bonds
|
1.65-8.375
|
3/8/2024-1/1/2999
|
7,054,941
|
Total Collateral Value
|
20,669,334
|
DWS Money Market Prime Series
|
|
|
9
|
(h)
|
Collateralized by:
|
Principal
Amount ($)
|
Security
|
Rate (%)
|
Maturity Date
|
Collateral
Value ($)
|
1,020,800
|
U.S. Treasury Bills
|
Zero Coupon
|
2/6/2024
|
1,020,058
|
(i)
|
Collateralized by:
|
Principal
Amount ($)
|
Security
|
Rate (%)
|
Maturity Date
|
Collateral
Value ($)
|
907,250
|
Federal Home Loan
Mortgage Corp.
|
3.0-6.5
|
5/1/2040-5/1/2053
|
965,994
|
45,474
|
Federal National
Mortgage Association
|
3.0-7.0
|
9/1/2048-12/1/2053
|
47,695
|
42,405
|
Government National
Mortgage Association
|
2.0-6.0
|
1/20/2041-1/20/2054
|
38,975
|
6,852,700
|
U.S. Treasury Bonds
|
1.375-3.25
|
11/15/2040-11/15/2050
|
4,748,620
|
325,600
|
U.S. Treasury Notes
|
3.0
|
7/15/2025
|
319,505
|
400
|
U.S. Treasury STRIPS
|
Zero Coupon
|
8/15/2046-8/15/2050
|
137
|
Total Collateral Value
|
6,120,926
|
(j)
|
Collateralized by:
|
Principal
Amount ($)
|
Security
|
Rate (%)
|
Maturity Date
|
Collateral
Value ($)
|
15,736,015
|
Federal Home Loan
Mortgage Corp.
|
2.0-6.5
|
9/1/2028-1/1/2054
|
16,029,300
|
144A: Security exempt from registration under Rule 144A of the Securities Act of 1933.
These securities may be resold in transactions exempt from registration, normally to
qualified institutional buyers.
|
AGMC: Assured Guaranty Municipal Corp.
|
AMT: Subject to alternative minimum tax.
|
INS: Insured
|
LIQ: Liquidity Facility
|
LOC: Letter of Credit
|
SOFR: Secured Overnight Financing Rate
|
SPA: Standby Bond Purchase Agreement
|
STRIPS: Separate Trading of Registered Interest and Principal Securities
|
10
|
|
|
DWS Money Market Prime Series
|
Assets
|
Level 1
|
Level 2
|
Level 3
|
Total
|
Investments in Securities (a)
|
$-
|
$512,571,993
|
$-
|
$512,571,993
|
Repurchase Agreements
|
-
|
88,015,000
|
-
|
88,015,000
|
Total
|
$-
|
$600,586,993
|
$-
|
$600,586,993
|
(a)
|
See Investment Portfolio for additional detailed categorizations.
|
DWS Money Market Prime Series
|
|
|
11
|
Assets
|
|
Investments in securities, valued at amortized cost
|
$512,571,993
|
Repurchase agreements, valued at amortized cost
|
88,015,000
|
Cash
|
86,403
|
Receivable for investments sold
|
50,000
|
Receivable for Fund shares sold
|
904,513
|
Interest receivable
|
1,774,713
|
Other assets
|
46,273
|
Total assets
|
603,448,895
|
Liabilities
|
|
Payable for investments purchased
|
14,934,267
|
Payable for Fund shares redeemed
|
1,092,273
|
Distributions payable
|
477,485
|
Accrued management fee
|
145,656
|
Accrued Trustees' fees
|
5,435
|
Other accrued expenses and payables
|
269,907
|
Total liabilities
|
16,925,023
|
Net assets, at value
|
$586,523,872
|
Net Assets Consist of
|
|
Distributable earnings (loss)
|
(463,168
)
|
Paid-in capital
|
586,987,040
|
Net assets, at value
|
$586,523,872
|
Net Asset Value
|
|
DWS Cash Investment Trust Class A
|
|
Net Asset Value, offering and redemption price per share
($34,989,565 ÷ 34,952,910 outstanding shares of beneficial interest,
no par value, unlimited number of shares authorized)
|
$1.00
|
DWS Cash Investment Trust Class C
|
|
Net Asset Value, offering and redemption price per share
($5,238,119 ÷ 5,232,632 outstanding shares of beneficial interest,
no par value, unlimited number of shares authorized)
|
$1.00
|
DWS Cash Investment Trust Class S
|
|
Net Asset Value, offering and redemption price per share
($151,418,763 ÷ 151,259,155 outstanding shares of beneficial interest,
no par value, unlimited number of shares authorized)
|
$1.00
|
DWS Money Market Fund
|
|
Net Asset Value, offering and redemption price per share
($394,877,425 ÷ 394,464,557 outstanding shares of beneficial interest,
no par value, unlimited number of shares authorized)
|
$1.00
|
12
|
|
|
DWS Money Market Prime Series
|
Investment Income
|
|
Income:
|
|
Interest
|
$16,133,021
|
Expenses:
|
|
Management fee
|
924,427
|
Administration fee
|
282,241
|
Services to shareholders
|
400,696
|
Distribution and service fees
|
63,768
|
Custodian fee
|
3,024
|
Professional fees
|
31,092
|
Reports to shareholders
|
43,066
|
Registration fees
|
37,146
|
Trustees' fees and expenses
|
12,954
|
Other
|
25,230
|
Total expenses before expense reductions
|
1,823,644
|
Expense reductions
|
(96,313
)
|
Total expenses after expense reductions
|
1,727,331
|
Net investment income
|
14,405,690
|
Net realized gain (loss) from investments
|
376
|
Net increase (decrease) in net assets resulting from operations
|
$14,406,066
|
DWS Money Market Prime Series
|
|
|
13
|
Six Months
Ended
January 31, 2024
|
Year Ended
July 31,
|
|
Increase (Decrease) in Net Assets
|
(Unaudited)
|
2023
|
Operations:
|
||
Net investment income
|
$14,405,690
|
$21,608,305
|
Net realized gain (loss)
|
376
|
1,328
|
Net increase (decrease) in net assets resulting
from operations
|
14,406,066
|
21,609,633
|
Distributions to shareholders:
|
||
DWS Cash Investment Trust Class A
|
(816,307
)
|
(1,229,271
)
|
DWS Cash Investment Trust Class C
|
(81,015
)
|
(99,564
)
|
DWS Cash Investment Trust Class S
|
(3,762,727
)
|
(5,802,043
)
|
DWS Money Market Fund
|
(9,745,641
)
|
(14,842,864
)
|
Total distributions
|
(14,405,690
)
|
(21,973,742
)
|
Fund share transactions:
|
||
Proceeds from shares sold
|
88,206,263
|
162,363,078
|
Reinvestment of distributions
|
14,020,735
|
21,101,390
|
Payments for shares redeemed
|
(98,246,700
)
|
(202,959,656
)
|
Net increase (decrease) in net assets from Fund
share transactions
|
3,980,298
|
(19,495,188
)
|
Increase (decrease) in net assets
|
3,980,674
|
(19,859,297
)
|
Net assets at beginning of period
|
582,543,198
|
602,402,495
|
Net assets at end of period
|
$586,523,872
|
$582,543,198
|
14
|
|
|
DWS Money Market Prime Series
|
DWS Money Market Prime Series - DWS Cash Investment Trust
Class A
|
||||||
Six Months
Ended 1/31/24
|
Years Ended July 31,
|
|||||
(Unaudited)
|
2023
|
2022
|
2021
|
2020
|
2019
|
|
Selected Per Share Data
|
||||||
Net asset value, beginning
of period
|
$1.00
|
$1.00
|
$1.00
|
$1.00
|
$1.00
|
$1.00
|
Income (loss) from investment
operations:
|
||||||
Net investment income
|
.024
|
.034
|
.001
|
.000
*
|
.008
|
.017
|
Net realized gain (loss)
|
.000
*
|
.000
*
|
.000
*
|
.000
*
|
(.000
)*
|
.000
*
|
Total from investment
operations
|
.024
|
.034
|
.001
|
.000
*
|
.008
|
.017
|
Less distributions from:
|
||||||
Net investment income
|
(.024
)
|
(.035
)
|
(.001
)
|
(.000
)*
|
(.009
)
|
(.017
)
|
Net asset value, end of period
|
$1.00
|
$1.00
|
$1.00
|
$1.00
|
$1.00
|
$1.00
|
Total Return (%)
|
2.39
**
|
3.54
|
.10
a
|
.01
a
|
.90
a
|
1.71
|
Ratios to Average Net Assets and Supplemental Data
|
||||||
Net assets, end of period ($ millions)
|
35
|
36
|
37
|
36
|
38
|
31
|
Ratio of expenses before
expense reductions(%)
|
.85
***
|
.84
|
.83
|
.82
|
.82
|
.82
|
Ratio of expenses after
expense reductions(%)
|
.85
***
|
.84
|
.36
|
.24
|
.75
|
.82
|
Ratio of net investment income (%)
|
4.70
***
|
3.40
|
.11
|
.01
|
.78
|
1.69
|
a
|
Total return would have been lower had certain expenses not been reduced.
|
*
|
Amount is less than $.0005.
|
**
|
Not annualized
|
***
|
Annualized
|
DWS Money Market Prime Series
|
|
|
15
|
DWS Money Market Prime Series - DWS Cash Investment Trust
Class C
|
||||||
Six Months
Ended 1/31/24
|
Years Ended July 31,
|
|||||
(Unaudited)
|
2023
|
2022
|
2021
|
2020
|
2019
|
|
Selected Per Share Data
|
||||||
Net asset value, beginning
of period
|
$1.00
|
$1.00
|
$1.00
|
$1.00
|
$1.00
|
$1.00
|
Income (loss) from investment
operations:
|
||||||
Net investment income
|
.020
|
.026
|
.000
*
|
.000
*
|
.003
|
.010
|
Net realized gain (loss)
|
.000
*
|
.000
*
|
.000
*
|
.000
*
|
(.000
)*
|
.000
*
|
Total from investment
operations
|
.020
|
.026
|
.000
*
|
.000
*
|
.003
|
.010
|
Less distributions from:
|
||||||
Net investment income
|
(.020
)
|
(.027
)
|
(.000
)*
|
(.000
)*
|
(.004
)
|
(.010
)
|
Net asset value, end of period
|
$1.00
|
$1.00
|
$1.00
|
$1.00
|
$1.00
|
$1.00
|
Total Return (%)
|
2.02
**
|
2.78
|
.02
a
|
.01
a
|
.39
a
|
.99
|
Ratios to Average Net Assets and Supplemental Data
|
||||||
Net assets, end of period ($ millions)
|
5
|
5
|
4
|
5
|
8
|
8
|
Ratio of expenses before
expense reductions(%)
|
1.57
***
|
1.57
|
1.56
|
1.53
|
1.54
|
1.54
|
Ratio of expenses after
expense reductions(%)
|
1.57
***
|
1.57
|
.44
|
.25
|
1.24
|
1.54
|
Ratio of net investment income (%)
|
3.97
***
|
2.62
|
.02
|
.01
|
.33
|
.93
|
a
|
Total return would have been lower had certain expenses not been reduced.
|
*
|
Amount is less than $.0005.
|
**
|
Not annualized
|
***
|
Annualized
|
16
|
|
|
DWS Money Market Prime Series
|
DWS Money Market Prime Series - DWS Cash Investment Trust
Class S
|
||||||
Six Months
Ended 1/31/24
|
Years Ended July 31,
|
|||||
(Unaudited)
|
2023
|
2022
|
2021
|
2020
|
2019
|
|
Selected Per Share Data
|
||||||
Net asset value, beginning
of period
|
$1.00
|
$1.00
|
$1.00
|
$1.00
|
$1.00
|
$1.00
|
Income (loss) from investment
operations:
|
||||||
Net investment income
|
.025
|
.037
|
.002
|
.000
*
|
.010
|
.020
|
Net realized gain (loss)
|
.000
*
|
.000
*
|
.000
*
|
.000
*
|
(.000
)*
|
.000
*
|
Total from investment
operations
|
.025
|
.037
|
.002
|
.000
*
|
.010
|
.020
|
Less distributions from:
|
||||||
Net investment income
|
(.025
)
|
(.038
)
|
(.002
)
|
(.000
)*
|
(.011
)
|
(.020
)
|
Net asset value, end of period
|
$1.00
|
$1.00
|
$1.00
|
$1.00
|
$1.00
|
$1.00
|
Total Return (%)a
|
2.53
**
|
3.82
|
.17
|
.01
|
1.11
|
1.97
|
Ratios to Average Net Assets and Supplemental Data
|
||||||
Net assets, end of period ($ millions)
|
151
|
151
|
157
|
168
|
177
|
179
|
Ratio of expenses before expense
reductions(%)
|
.64
***
|
.63
|
.62
|
.60
|
.59
|
.59
|
Ratio of expenses after expense
reductions(%)
|
.57
***
|
.57
|
.29
|
.24
|
.55
|
.57
|
Ratio of net investment income (%)
|
4.97
***
|
3.67
|
.17
|
.01
|
1.05
|
1.95
|
a
|
Total return would have been lower had certain expenses not been reduced.
|
*
|
Amount is less than $.0005.
|
**
|
Not annualized
|
***
|
Annualized
|
DWS Money Market Prime Series
|
|
|
17
|
DWS Money Market Prime Series - DWS Money Market Fund
|
||||||
Six Months
Ended 1/31/24
|
Years Ended July 31,
|
|||||
(Unaudited)
|
2023
|
2022
|
2021
|
2020
|
2019
|
|
Selected Per Share Data
|
||||||
Net asset value, beginning
of period
|
$1.00
|
$1.00
|
$1.00
|
$1.00
|
$1.00
|
$1.00
|
Income (loss) from investment
operations:
|
||||||
Net investment income
|
.025
|
.037
|
.002
|
.000
*
|
.010
|
.020
|
Net realized gain (loss)
|
.000
*
|
.000
*
|
.000
*
|
.000
*
|
(.000
)*
|
.000
*
|
Total from investment
operations
|
.025
|
.037
|
.002
|
.000
*
|
.010
|
.020
|
Less distributions from:
|
||||||
Net investment income
|
(.025
)
|
(.038
)
|
(.002
)
|
(.000
)*
|
(.011
)
|
(.020
)
|
Net asset value, end of period
|
$1.00
|
$1.00
|
$1.00
|
$1.00
|
$1.00
|
$1.00
|
Total Return (%)
|
2.53
a**
|
3.82
a
|
.17
a
|
.01
a
|
1.11
a
|
1.98
|
Ratios to Average Net Assets and Supplemental Data
|
||||||
Net assets, end of period ($ millions)
|
395
|
390
|
403
|
429
|
475
|
488
|
Ratio of expenses before
expense reductions(%)
|
.59
***
|
.59
|
.58
|
.56
|
.56
|
.55
|
Ratio of expenses after
expense reductions(%)
|
.57
***
|
.57
|
.29
|
.24
|
.55
|
.55
|
Ratio of net investment income (%)
|
4.97
***
|
3.68
|
.16
|
.01
|
1.05
|
1.96
|
a
|
Total return would have been lower had certain expenses not been reduced.
|
*
|
Amount is less than $.0005.
|
**
|
Not annualized
|
***
|
Annualized
|
18
|
|
|
DWS Money Market Prime Series
|
DWS Money Market Prime Series
|
|
|
19
|
20
|
|
|
DWS Money Market Prime Series
|
DWS Money Market Prime Series
|
|
|
21
|
First $215 million of the Fund's average daily net assets
|
.400%
|
Next $335 million of such net assets
|
.275%
|
Next $250 million of such net assets
|
.200%
|
Next $800 million of such net assets
|
.150%
|
Next $800 million of such net assets
|
.140%
|
Next $800 million of such net assets
|
.130%
|
Over $3.2 billion of such net assets
|
.120%
|
DWS Cash Investment Trust Class A
|
.85%
|
DWS Cash Investment Trust Class C
|
1.60%
|
DWS Cash Investment Trust Class S
|
.57%
|
DWS Money Market Fund
|
.57%
|
DWS Cash Investment Trust Class S
|
$49,990
|
DWS Money Market Fund
|
46,323
|
$96,313
|
22
|
|
|
DWS Money Market Prime Series
|
Services to Shareholders
|
Total
Aggregated
|
Unpaid at
January 31, 2024
|
DWS Cash Investment Trust Class A
|
$14,476
|
$4,885
|
DWS Cash Investment Trust Class C
|
1,374
|
352
|
DWS Cash Investment Trust Class S
|
100,760
|
33,766
|
DWS Money Market Fund
|
178,835
|
61,295
|
$295,445
|
$100,298
|
Sub-Recordkeeping
|
Total
Aggregated
|
DWS Cash Investment Trust Class A
|
$2,599
|
DWS Cash Investment Trust Class C
|
60
|
DWS Cash Investment Trust Class S
|
1,694
|
DWS Money Market Fund
|
3,342
|
$7,695
|
DWS Money Market Prime Series
|
|
|
23
|
Distribution Fee
|
Total
Aggregated
|
Unpaid at
January 31, 2024
|
DWS Cash Investment Trust Class C
|
$15,306
|
$2,556
|
Service Fee
|
Total
Aggregated
|
Unpaid at
January 31, 2024
|
Annualized
Rate
|
DWS Cash Investment Trust Class A
|
$43,360
|
$7,219
|
.25%
|
DWS Cash Investment Trust Class C
|
5,102
|
852
|
.25%
|
$48,462
|
$8,071
|
24
|
|
|
DWS Money Market Prime Series
|
Six Months Ended
January 31, 2024
|
Year Ended
July 31, 2023
|
|||
Shares
|
Dollars
|
Shares
|
Dollars
|
|
Shares sold
|
||||
DWS Cash Investment Trust
Class A
|
7,672,278
|
$7,672,278
|
9,299,143
|
$9,299,143
|
DWS Cash Investment Trust
Class C
|
2,482,647
|
2,482,646
|
1,770,953
|
1,770,953
|
DWS Cash Investment Trust
Class S
|
22,319,726
|
22,319,726
|
35,705,675
|
35,705,675
|
DWS Money Market Fund
|
55,665,341
|
55,665,341
|
115,513,477
|
115,513,477
|
Account maintenance fees
|
-
|
66,272
|
-
|
73,830
|
$88,206,263
|
$162,363,078
|
|||
Shares issued to shareholders in reinvestment of distributions
|
||||
DWS Cash Investment Trust
Class A
|
804,316
|
$804,316
|
1,200,095
|
$1,200,095
|
DWS Cash Investment Trust
Class C
|
78,244
|
78,244
|
95,578
|
95,578
|
DWS Cash Investment Trust
Class S
|
3,677,818
|
3,677,818
|
5,566,700
|
5,566,700
|
DWS Money Market Fund
|
9,460,357
|
9,460,357
|
14,239,017
|
14,239,017
|
$14,020,735
|
$21,101,390
|
DWS Money Market Prime Series
|
|
|
25
|
Six Months Ended
January 31, 2024
|
Year Ended
July 31, 2023
|
|||
Shares
|
Dollars
|
Shares
|
Dollars
|
|
Shares redeemed
|
||||
DWS Cash Investment Trust
Class A
|
(9,822,593
)
|
$(9,822,593
)
|
(11,324,389
)
|
$(11,324,389
)
|
DWS Cash Investment Trust
Class C
|
(1,866,549
)
|
(1,866,549
)
|
(1,693,261
)
|
(1,693,261
)
|
DWS Cash Investment Trust
Class S
|
(26,012,546
)
|
(26,012,546
)
|
(47,136,026
)
|
(47,136,026
)
|
DWS Money Market Fund
|
(60,545,012
)
|
(60,545,012
)
|
(142,805,980
)
|
(142,805,980
)
|
$(98,246,700
)
|
$(202,959,656
)
|
|||
Net increase (decrease)
|
||||
DWS Cash Investment Trust
Class A
|
(1,345,999
)
|
$(1,345,999
)
|
(825,151
)
|
$(825,151
)
|
DWS Cash Investment Trust
Class C
|
694,342
|
694,341
|
173,270
|
173,270
|
DWS Cash Investment Trust
Class S
|
(15,002
)
|
(15,002
)
|
(5,863,651
)
|
(5,863,651
)
|
DWS Money Market Fund
|
4,580,686
|
4,580,686
|
(13,053,486
)
|
(13,053,486
)
|
Account maintenance fees
|
-
|
66,272
|
-
|
73,830
|
$3,980,298
|
$(19,495,188
)
|
26
|
|
|
DWS Money Market Prime Series
|
DWS Money Market Prime Series
|
|
|
27
|
28
|
|
|
DWS Money Market Prime Series
|
DWS Money Market Prime Series
|
|
|
29
|
Actual Fund Return
|
DWS
Cash
Investment
Trust
Class A
|
DWS
Cash
Investment
Trust
Class C
|
DWS
Cash
Investment
Trust
Class S
|
DWS
Money
Market
Fund
|
Beginning Account Value 8/1/23
|
$1,000.00
|
$1,000.00
|
$1,000.00
|
$1,000.00
|
Ending Account Value 1/31/24
|
$1,023.87
|
$1,020.15
|
$1,025.30
|
$1,025.30
|
Expenses Paid per $1,000*
|
$4.32
|
$7.97
|
$2.90
|
$2.90
|
Hypothetical 5% Fund Return
|
DWS
Cash
Investment
Trust
Class A
|
DWS
Cash
Investment
Trust
Class C
|
DWS
Cash
Investment
Trust
Class S
|
DWS
Money
Market
Fund
|
Beginning Account Value 8/1/23
|
$1,000.00
|
$1,000.00
|
$1,000.00
|
$1,000.00
|
Ending Account Value 1/31/24
|
$1,020.86
|
$1,017.24
|
$1,022.27
|
$1,022.27
|
Expenses Paid per $1,000*
|
$4.32
|
$7.96
|
$2.90
|
$2.90
|
*
|
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 184 (the number of
days in the most recent six-month period), then divided by 366.
|
Annualized Expense Ratios
|
DWS
Cash
Investment
Trust
Class A
|
DWS
Cash
Investment
Trust
Class C
|
DWS
Cash
Investment
Trust
Class S
|
DWS
Money
Market
Fund
|
DWS Money Market Prime Series
|
.85%
|
1.57%
|
.57%
|
.57%
|
30
|
|
|
DWS Money Market Prime Series
|
DWS Money Market Prime Series
|
|
|
31
|
32
|
|
|
DWS Money Market Prime Series
|
DWS Money Market Prime Series
|
|
|
33
|
34
|
|
|
DWS Money Market Prime Series
|
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 DWS Cash Investment Trust Class A, DWS Cash
Investment Trust Class C and DWS Cash Investment Trust Class 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
|
Each month, information about the Fund and its portfolio holdings is
filed with the SEC on Form N-MFP. The SEC delays the public
availability of the information filed on Form N-MFP for 60 days after
the end of the reporting period included in the filing. These forms will
be available on the SEC's Web site at sec.gov. The Fund's portfolio
holdings are also posted on dws.com as of each month-end. 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
|
DWS Money Market Prime Series
|
|
|
35
|
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.
|
Nasdaq Symbol
|
CUSIP Number
|
Fund Number
|
|
DWS Money
Market Fund
|
KMMXX
|
25159J104
|
6
|
DWS Cash
Investment Trust
Class A
|
DOAXX
|
25159J203
|
421
|
DWS Cash
Investment Trust
Class C
|
DOCXX
|
25159J401
|
721
|
DWS Cash
Investment Trust
Class S
|
DOSXX
|
25159J500
|
2021
|
36
|
|
|
DWS Money Market Prime Series
|
(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. | 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 Money Market Prime Series, a series of Deutsche DWS Money Funds |
By: |
/s/Hepsen Uzcan Hepsen Uzcan Principal Executive |
Date: | 3/28/2024 |
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 Principal Executive |
Date: | 3/28/2024 |
By: |
/s/Diane Kenneally Diane Kenneally Principal Financial Officer |
Date: | 3/28/2024 |