05/01/2024 | Press release | Distributed by Public on 05/01/2024 10:26
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM N-CSRS
Investment Company Act file number: 811-06103
Investors Cash 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: | 8/31 |
Date of reporting period: | 2/29/2024 |
ITEM 1. | REPORT TO STOCKHOLDERS |
(a) | |
4
|
Portfolio Summary
|
5
|
Investment Portfolio
|
11
|
Statement of Assets and Liabilities
|
12
|
Statement of Operations
|
13
|
Statements of Changes in Net Assets
|
14
|
Financial Highlights
|
15
|
Notes to Financial Statements
|
24
|
Other Information
|
25
|
Information About Your Fund's Expenses
|
27
|
Advisory Agreement Board Considerations and Fee Evaluation
|
31
|
Account Management Resources
|
2
|
|
|
DWS ESG Liquidity Fund - Capital Shares
|
DWS ESG Liquidity Fund - Capital Shares
|
|
|
3
|
Asset Allocation(As a % of Investment Portfolio)
|
2/29/24
|
8/31/23
|
Commercial Paper
|
48%
|
48%
|
Repurchase Agreements
|
17%
|
8%
|
Time Deposits
|
14%
|
14%
|
Certificates of Deposit and Bank Notes
|
10%
|
14%
|
Variable Rate Demand Notes
|
7%
|
15%
|
Government & Agency Obligations
|
4%
|
1%
|
100%
|
100%
|
Weighted Average Maturity
|
2/29/24
|
8/31/23
|
DWS ESG Liquidity Fund
|
31 days
|
29 days
|
iMoneyNet Money Fund Average™-First Tier Institutional-
AAA Rating*
|
30 days
|
25 days
|
*
|
The Fund is compared to its respective iMoneyNet Money Fund Average category: First
Tier Institutional - AAA Rating - Category includes institutional 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; and has been assigned a rating by one of the nationally
recognized statistical rating organizations. S&P Global Ratings, Moody's Investors
Service, and Fitch Ratings are the largest NRSROs.
|
4
|
|
|
DWS ESG Liquidity Fund - Capital Shares
|
Principal
Amount ($)
|
Value ($)
|
||
Certificates of Deposit and Bank Notes 9.6%
|
|||
Bank of America NA:
|
|||
5.67% (a), 4/10/2024
|
5,000,000
|
5,001,390
|
|
5.97%, 8/16/2024
|
5,000,000
|
5,009,049
|
|
Citibank NA, 5.74%, 8/21/2024
|
5,000,000
|
5,006,487
|
|
First Abu Dhabi Bank USA NV:
|
|||
SOFR + 0.2%, 5.51% (a), 8/9/2024
|
5,000,000
|
5,000,063
|
|
5.7%, 5/24/2024
|
5,000,000
|
5,002,037
|
|
HSBC Bank USA NA:
|
|||
5.79%, 11/25/2024
|
5,000,000
|
5,009,856
|
|
5.82%, 3/11/2024
|
2,500,000
|
2,500,176
|
|
5.97%, 8/14/2024
|
3,000,000
|
3,004,587
|
|
Kookmin Bank, SOFR + 0.55%, 5.86% (a), 7/22/2024
|
3,000,000
|
3,002,920
|
|
Nordea Bank ABP:
|
|||
SOFR + 0.37%, 5.68% (a), 3/15/2024
|
2,500,000
|
2,500,289
|
|
SOFR + 0.5%, 5.81% (a), 3/18/2024
|
3,000,000
|
3,000,614
|
|
Svenska Handelsbanken AB, SOFR + 0.55%, 5.86% (a),
3/5/2024
|
2,500,000
|
2,500,164
|
|
Swedbank AB, SOFR + 0.36%, 5.67% (a), 4/5/2024
|
5,000,000
|
5,001,373
|
|
Toronto-Dominion Bank, 5.86% (a), 3/27/2024
|
1,000,000
|
1,000,268
|
|
Total Certificates of Deposit and Bank Notes (Cost $52,500,671)
|
52,539,273
|
||
Commercial Paper 48.3%
|
|||
Issued at Discount (b) 39.7%
|
|||
Alinghi Funding Co. LLC:
|
|||
144A, 5.434%, 3/5/2024
|
5,000,000
|
4,996,280
|
|
144A, 5.799%, 5/14/2024
|
3,000,000
|
2,966,563
|
|
144A, 5.799%, 6/12/2024
|
5,000,000
|
4,923,078
|
|
Antalis SA, 144A, 5.566%, 4/2/2024
|
8,000,000
|
7,960,620
|
|
Autobahn Funding Co. LLC, 144A, 5.394%, 3/6/2024
|
23,000,000
|
22,979,574
|
|
Britannia Funding Co. LLC, 144A, 5.495%, 3/4/2024
|
5,000,000
|
4,997,036
|
|
Cancara Asset Securitisation LLC, 5.404%, 4/17/2024
|
5,000,000
|
4,964,200
|
|
Chesham Finance Ltd., 144A, 5.434%, 3/4/2024
|
4,280,000
|
4,277,467
|
|
Cisco Systems, Inc., 144A, 5.384%, 3/18/2024
|
5,000,000
|
4,986,726
|
|
Citigroup Global Markets, Inc., 144A, 5.617%, 3/7/2024
|
2,500,000
|
2,497,409
|
|
Export Development Canada, 5.576%, 5/1/2024
|
2,500,000
|
2,477,226
|
|
Federation des Caisses Desjardins du Quebec, 144A,
5.384%, 4/1/2024
|
5,000,000
|
4,976,175
|
|
Glencove Funding LLC, 144A, 5.414%, 4/19/2024
|
10,000,000
|
9,925,417
|
DWS ESG Liquidity Fund - Capital Shares
|
|
|
5
|
Principal
Amount ($)
|
Value ($)
|
||
John Deere Capital C, 144A, 5.374%, 3/15/2024
|
10,000,000
|
9,977,862
|
|
Kookmin Bank, 144A, 5.637%, 4/24/2024
|
4,512,000
|
4,472,145
|
|
Lloyds Bank PLC, 144A, 5.323%, 8/21/2024
|
5,000,000
|
4,871,337
|
|
Longship Funding LLC:
|
|||
144A, 5.384%, 3/1/2024
|
7,000,000
|
6,998,967
|
|
144A, 5.394%, 3/7/2024
|
10,000,000
|
9,989,636
|
|
Macquarie Bank Ltd., 144A, 5.749%, 5/1/2024
|
2,000,000
|
1,981,317
|
|
Manhattan Asset Funding Co. LLC, 144A, 5.424%,
4/22/2024
|
7,500,000
|
7,440,530
|
|
Microsoft Corp., 144A, 5.424%, 5/28/2024
|
5,000,000
|
4,934,729
|
|
Mont Blanc Capital Corp.:
|
|||
144A, 5.353%, 4/18/2024
|
7,777,000
|
7,720,157
|
|
144A, 5.374%, 5/21/2024
|
10,000,000
|
9,877,850
|
|
National Bank of Canada, 144A, 5.678%, 3/25/2024
|
5,000,000
|
4,981,466
|
|
Nederlandse Waterschapsbank NV, 144A, 5.369%,
5/22/2024
|
10,000,000
|
9,878,443
|
|
New York Life Short Term Funding LLC, 144A, 5.434%,
4/10/2024
|
5,000,000
|
4,969,571
|
|
Oversea-Chinese Banking Corp. Ltd., 144A, 5.637%,
3/6/2024
|
2,500,000
|
2,497,789
|
|
Pricoa Short Term Funding LLC, 144A, 5.678%, 7/16/2024
|
5,000,000
|
4,898,378
|
|
Sanofi SA, 144A, 5.374%, 3/19/2024
|
2,500,000
|
2,492,987
|
|
Standard Chartered Bank:
|
|||
144A, 5.739%, 3/25/2024
|
5,000,000
|
4,981,629
|
|
144A, 5.739%, 4/2/2024
|
2,000,000
|
1,990,304
|
|
Svenska Handelsbanken AB, 144A, 5.678%, 9/18/2024
|
4,000,000
|
3,883,115
|
|
Unilever Capital Corp., 144A, 5.353%, 4/25/2024
|
5,000,000
|
4,958,389
|
|
United Overseas Bank Ltd., 144A, 5.566%, 3/19/2024
|
5,000,000
|
4,985,922
|
|
Victory Receivables Corp., 144A, 5.424%, 5/16/2024
|
10,000,000
|
9,885,263
|
|
Westpac Banking Corp., 144A, 5.374%, 8/27/2024
|
5,000,000
|
4,869,525
|
|
216,465,082
|
|||
Issued at Par 8.6%
|
|||
Barton Capital SA, 144A, 5.44% (a), 6/3/2024
|
5,000,000
|
5,000,000
|
|
Commonwealth Bank of Australia, 144A, SOFR + 0.55%,
5.86% (a), 10/10/2024
|
4,000,000
|
4,008,880
|
|
Concord Minutemen Capital Co. LLC, 144A,
5.53%, 4/8/2024
|
5,000,000
|
5,000,401
|
|
Great Bear Funding LLC:
|
|||
5.5% (a), 7/26/2024
|
10,000,000
|
10,000,000
|
|
5.61% (a), 6/24/2024
|
5,000,000
|
5,001,703
|
|
National Australia Bank Ltd.:
|
|||
144A, SOFR + 0.25%, 5.56% (a), 3/5/2024
|
3,000,000
|
3,000,063
|
|
144A, SOFR + 0.33%, 5.64% (a), 3/12/2024
|
3,000,000
|
3,000,235
|
6
|
|
|
DWS ESG Liquidity Fund - Capital Shares
|
Principal
Amount ($)
|
Value ($)
|
||
Swedbank AB, SOFR + 0.38%, 5.69% (a), 4/8/2024
|
2,000,000
|
2,000,630
|
|
Westpac Banking Corp., 144A, SOFR + 0.5%, 5.81%
(a), 3/14/2024
|
10,000,000
|
10,001,579
|
|
47,013,491
|
|||
Total Commercial Paper (Cost $263,475,075)
|
263,478,573
|
||
Variable Rate Demand Notes (c) 6.9%
|
|||
Colorado, State Housing & Finance Authority, "II" ,
Series C2, 5.35%, 3/7/2024, SPA: Federal Home
Loan Bank
|
8,750,000
|
8,750,000
|
|
Colorado, State Housing & Finance Authority, Multi-Family
Housing Project, "I" , Series C, 5.35%, 3/7/2024, SPA:
Federal Home Loan Bank
|
9,090,000
|
9,090,000
|
|
Maine, State Housing Authority Mortgage Revenue,
Series E, 5.37%, 3/7/2024, SPA: Barclays Bank PLC
|
1,100,000
|
1,100,000
|
|
Minnesota Housing Finance Agency, Series D, 5.35%,
3/7/2024, SPA: Royal Bank of Canada
|
9,790,000
|
9,790,000
|
|
Wisconsin, Housing & Economic Development Authority:
|
|||
Series B, 5.33%, 3/7/2024, SPA: Federal Home
Loan Bank
|
6,140,000
|
6,140,000
|
|
Series F, 5.33%, 3/7/2024, SPA: JPMorgan Chase
Bank NA
|
2,820,000
|
2,820,000
|
|
Total Variable Rate Demand Notes (Cost $37,690,000)
|
37,690,000
|
||
Government & Agency Obligations 3.8%
|
|||
U.S. Treasury Obligations
|
|||
U.S. Treasury Bills:
|
|||
5.055% (b), 11/29/2024
|
5,000,000
|
4,814,275
|
|
5.329% (b), 5/30/2024
|
3,000,000
|
2,960,662
|
|
5.354% (b), 3/28/2024
|
5,000,000
|
4,980,203
|
|
5.409% (b), 3/5/2024
|
3,000,000
|
2,998,244
|
|
U.S. Treasury Floating Rate Notes, 3-month U.S. Treasury
Bill Money Market Yield minus 0.075%, 5.251% (a),
4/30/2024
|
5,000,000
|
4,999,000
|
|
Total Government & Agency Obligations (Cost $20,748,781)
|
20,752,384
|
||
Time Deposits 13.7%
|
|||
Canadian Imperial Bank of Commerce, 5.31%, 3/1/2024
|
25,000,000
|
25,000,000
|
DWS ESG Liquidity Fund - Capital Shares
|
|
|
7
|
Principal
Amount ($)
|
Value ($)
|
||
Credit Agricole CIB, 5.3%, 3/1/2024
|
25,000,000
|
25,000,000
|
|
Mizuho Bank Ltd., 5.32%, 3/1/2024
|
25,000,000
|
25,000,000
|
|
Total Time Deposits (Cost $75,000,000)
|
75,000,000
|
||
Repurchase Agreements 17.5%
|
|||
BNP Paribas:
|
|||
5.31%, dated 2/29/2024, to be repurchased at
$14,302,109 on 3/1/2024 (d)
|
14,300,000
|
14,300,000
|
|
5.39%, dated 2/29/2024, to be repurchased at
$15,002,246 on 3/1/2024 (e)
|
15,000,000
|
15,000,000
|
|
Fixed Income Clearing Corp., 5.31%, dated 2/29/2024, to
be repurchased at $40,005,900 on 3/1/2024 (f)
|
40,000,000
|
40,000,000
|
|
Royal Bank of Canada:
|
|||
5.3%, dated 2/29/2024, to be repurchased at
$1,090,160 on 3/1/2024 (g)
|
1,090,000
|
1,090,000
|
|
5.31%, dated 2/29/2024, to be repurchased at
$25,103,702 on 3/1/2024 (h)
|
25,100,000
|
25,100,000
|
|
Total Repurchase Agreements (Cost $95,490,000)
|
95,490,000
|
% of Net
Assets
|
Value ($)
|
||
Total Investment Portfolio (Cost $544,904,527)
|
99.8
|
544,950,230
|
|
Other Assets and Liabilities, Net
|
0.2
|
1,104,746
|
|
Net Assets
|
100.0
|
546,054,976
|
(a)
|
Floating rate security. These securities are shown at their current rate as of
February 29, 2024.
|
(b)
|
Annualized yield at time of purchase; not a coupon rate.
|
(c)
|
Variable rate demand notes are securities whose interest rates are reset periodically
(usually daily mode or weekly mode) by remarketing agents based on current market
levels, and are not directly set as a fixed spread to a reference rate. These securities
may be redeemed at par by the holder through a put or tender feature, and are shown
at their current rates as of February 29, 2024. Date shown reflects the earlier of
demand date or stated maturity date.
|
8
|
|
|
DWS ESG Liquidity Fund - Capital Shares
|
(d)
|
Collateralized by:
|
Principal
Amount ($)
|
Security
|
Rate (%)
|
Maturity Date
|
Collateral
Value ($)
|
10,000
|
Federal Home
Loan Banks
|
4.25
|
11/2/2038
|
8,984
|
14,772,800
|
U.S. Treasury Bills
|
Zero Coupon
|
5/30/2024
|
14,576,602
|
100
|
U.S. Treasury Notes
|
1.5
|
9/30/2024
|
98
|
300
|
U.S. Treasury Inflation
Index Notes
|
0.125-0.25
|
7/15/2024-1/15/2025
|
386
|
Total Collateral Value
|
14,586,070
|
(e)
|
Collateralized by:
|
Principal
Amount ($)
|
Security
|
Rate (%)
|
Maturity Date
|
Collateral
Value ($)
|
15,397,000
|
Corporate Bonds
|
4.6-5.864
|
9/29/2025-9/15/2041
|
15,527,738
|
(f)
|
Collateralized by:
|
Principal
Amount ($)
|
Security
|
Rate (%)
|
Maturity Date
|
Collateral
Value ($)
|
52,822,200
|
U.S. Treasury Bonds
|
3.0
|
8/15/2048
|
40,800,071
|
(g)
|
Collateralized by:
|
Principal
Amount ($)
|
Security
|
Rate (%)
|
Maturity Date
|
Collateral
Value ($)
|
157,300
|
U.S. Treasury Bills
|
Zero Coupon
|
4/16/2024
|
156,238
|
3,500
|
U.S. Treasury Bonds
|
2.25
|
2/15/2052
|
2,291
|
533,000
|
U.S. Treasury Notes
|
1.375-4.625
|
4/30/2025-5/15/2033
|
496,310
|
600
|
U.S. Treasury Strips
|
Zero Coupon
|
8/15/2046-5/15/2050
|
205
|
1,400
|
U.S. Treasury Inflation
Index Bonds
|
0.25-3.875
|
4/15/2029-2/15/2050
|
1,181
|
460,000
|
U.S. Treasury Inflation
Index Notes
|
0.125-1.375
|
1/15/2030-7/15/2033
|
455,739
|
Total Collateral Value
|
1,111,964
|
DWS ESG Liquidity Fund - Capital Shares
|
|
|
9
|
(h)
|
Collateralized by:
|
Principal
Amount ($)
|
Security
|
Rate (%)
|
Maturity Date
|
Collateral
Value ($)
|
797,368
|
Federal Home Loan
Mortgage Corp.
|
2.0-7.5
|
9/1/2049-1/1/2054
|
691,912
|
12,301,086
|
Federal National
Mortgage Association
|
1.76-7.5
|
5/1/2025-1/1/2054
|
11,884,413
|
15,098,712
|
Government National
Mortgage Association
|
2.0-6.5
|
3/20/2051-2/20/2054
|
13,029,451
|
Total Collateral Value
|
25,605,776
|
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.
|
SOFR: Secured Overnight Financing Rate
|
SPA: Standby Bond Purchase Agreement
|
STRIPS: Separate Trading of Registered Interest and Principal Securities
|
Assets
|
Level 1
|
Level 2
|
Level 3
|
Total
|
Investments in Securities (a)
|
$-
|
$449,460,230
|
$-
|
$449,460,230
|
Repurchase Agreements
|
-
|
95,490,000
|
-
|
95,490,000
|
Total
|
$-
|
$544,950,230
|
$-
|
$544,950,230
|
(a)
|
See Investment Portfolio for additional detailed categorizations.
|
10
|
|
|
DWS ESG Liquidity Fund - Capital Shares
|
Assets
|
|
Investment in securities, at value (cost $449,414,527)
|
$449,460,230
|
Repurchase agreements, at value (cost $95,490,000)
|
95,490,000
|
Cash
|
125,357
|
Receivable for investments sold
|
85,000
|
Interest receivable
|
1,556,337
|
Other assets
|
37,105
|
Total assets
|
546,754,029
|
Liabilities
|
|
Distributions payable
|
622,823
|
Accrued Trustees' fees
|
3,313
|
Other accrued expenses and payables
|
72,917
|
Total liabilities
|
699,053
|
Net assets, at value
|
$546,054,976
|
Net Assets Consist of
|
|
Distributable earnings (loss)
|
(246,081
)
|
Paid-in capital
|
546,301,057
|
Net assets, at value
|
$546,054,976
|
Net Asset Value
|
|
Capital Shares
Net Asset Value, offering and redemption price per share
($74,692,189 ÷ 74,694,002 outstanding shares of beneficial interest,
no par value, unlimited number of shares authorized)
|
$1.0000
|
Institutional Shares
Net Asset Value, offering and redemption price per share
($339,373,650 ÷ 339,369,182 outstanding shares of beneficial interest,
no par value, unlimited number of shares authorized)
|
$1.0000
|
Institutional Reserved Shares
Net Asset Value, offering and redemption price per share
($131,989,137 ÷ 131,838,356 outstanding shares of beneficial interest,
no par value, unlimited number of shares authorized)
|
$1.0011
|
DWS ESG Liquidity Fund - Capital Shares
|
|
|
11
|
Investment Income
|
|
Income:
|
|
Interest
|
$12,974,678
|
Expenses:
|
|
Management fee
|
351,829
|
Administration fee
|
227,516
|
Services to shareholders
|
6,857
|
Service fees
|
33,315
|
Custodian fee
|
15,786
|
Professional fees
|
32,418
|
Reports to shareholders
|
12,206
|
Registration fees
|
28,266
|
Trustees' fees and expenses
|
7,496
|
Other
|
35,826
|
Total expenses before expense reductions
|
751,515
|
Expense reductions
|
(590,795
)
|
Total expenses after expense reductions
|
160,720
|
Net investment income
|
12,813,958
|
Realized and Unrealized Gain (Loss)
|
|
Change in net unrealized appreciation (depreciation) on investments
|
71,394
|
Net increase (decrease) in net assets resulting from operations
|
$12,885,352
|
12
|
|
|
DWS ESG Liquidity Fund - Capital Shares
|
Six Months
Ended
February 29, 2024
|
Year Ended
August 31,
|
|
Increase (Decrease) in Net Assets
|
(Unaudited)
|
2023
|
Operations:
|
||
Net investment income
|
$12,813,958
|
$25,016,874
|
Net realized gain (loss)
|
-
|
(12,369
)
|
Change in net unrealized appreciation
(depreciation)
|
71,394
|
32,260
|
Net increase (decrease) in net assets resulting
from operations
|
12,885,352
|
25,036,765
|
Distributions to shareholders:
|
||
Capital Shares
|
(1,999,863
)
|
(3,190,426
)
|
Institutional Shares
|
(7,186,573
)
|
(14,036,432
)
|
Institutional Reserved Shares
|
(3,627,010
)
|
(7,790,016
)
|
Total distributions
|
(12,813,446
)
|
(25,016,874
)
|
Fund share transactions:
|
||
Proceeds from shares sold
|
243,404,795
|
598,543,690
|
Reinvestment of distributions
|
8,947,128
|
17,767,616
|
Payments for shares redeemed
|
(139,932,848
)
|
(753,086,229
)
|
Net increase (decrease) in net assets from Fund
share transactions
|
112,419,075
|
(136,774,923
)
|
Increase (decrease) in net assets
|
112,490,981
|
(136,755,032
)
|
Net assets at beginning of period
|
433,563,995
|
570,319,027
|
Net assets at end of period
|
$546,054,976
|
$433,563,995
|
DWS ESG Liquidity Fund - Capital Shares
|
|
|
13
|
DWS ESG Liquidity Fund - Capital Shares
|
||||||
Six Months
Ended 2/29/24
|
Years Ended August 31,
|
|||||
(Unaudited)
|
2023
|
2022
|
2021
|
2020
|
2019
|
|
Selected Per Share Data
|
||||||
Net asset value, beginning
of period
|
$.9998
|
$.9996
|
$.9999
|
$1.0002
|
$1.0001
|
$1.0002
|
Income (loss) from investment
operations:
|
||||||
Net investment income
|
.0272
|
.0450
|
.0059
|
.0013
|
.0126
|
.0249
|
Net realized and unrealized
gain (loss)
|
.0002
|
.0002
|
(.0003
)
|
(.0003
)
|
.0001
|
(.0001
)
|
Total from investment
operations
|
.0274
|
.0452
|
.0056
|
.0010
|
.0127
|
.0248
|
Less distributions from:
|
||||||
Net investment income
|
(.0272
)
|
(.0450
)
|
(.0059
)
|
(.0013
)
|
(.0126
)
|
(.0249
)
|
Net asset value, end
of period
|
$1.0000
|
$.9998
|
$.9996
|
$.9999
|
$1.0002
|
$1.0001
|
Total Return (%)a
|
2.77
*
|
4.61
|
.56
|
.10
|
1.26
|
2.53
|
Ratios to Average Net Assets and Supplemental Data
|
||||||
Net assets, end of period
($ millions)
|
75
|
73
|
69
|
69
|
44
|
234
|
Ratio of expenses before
expense reductions(%)
|
.31
**
|
.30
|
.30
|
.30
|
.32
|
.35
|
Ratio of expenses after
expense reductions(%)
|
.06
**
|
.06
|
.06
|
.06
|
.04
|
.02
|
Ratio of net investment
income (%)
|
5.47
**
|
4.51
|
.59
|
.13
|
1.68
|
2.50
|
a
|
Total return would have been lower had certain expenses not been reduced.
|
*
|
Not annualized
|
**
|
Annualized
|
14
|
|
|
DWS ESG Liquidity Fund - Capital Shares
|
DWS ESG Liquidity Fund - Capital Shares
|
|
|
15
|
16
|
|
|
DWS ESG Liquidity Fund - Capital Shares
|
DWS ESG Liquidity Fund - Capital Shares
|
|
|
17
|
18
|
|
|
DWS ESG Liquidity Fund - Capital Shares
|
First $1 billion of the Fund's average daily net assets
|
.1500%
|
Next $3 billion of such net assets
|
.1325%
|
Over $4 billion of such net assets
|
.1200%
|
Capital Shares
|
$89,571
|
Institutional Shares
|
320,557
|
Institutional Reserved Shares
|
180,667
|
$590,795
|
DWS ESG Liquidity Fund - Capital Shares
|
|
|
19
|
Services to Shareholders
|
Total
Aggregated
|
Unpaid at
February 29, 2024
|
Capital Shares
|
$407
|
$160
|
Institutional Shares
|
1,138
|
480
|
Institutional Reserved Shares
|
5,089
|
591
|
$6,634
|
$1,231
|
Service Fee
|
Total
Aggregated
|
Unpaid at
February 29, 2024
|
Annualized
Rate
|
Institutional Reserved Shares
|
$33,315
|
$5,142
|
.05%
|
20
|
|
|
DWS ESG Liquidity Fund - Capital Shares
|
Six Months Ended
February 29, 2024
|
Year Ended
August 31, 2023
|
|||
Shares
|
Dollars
|
Shares
|
Dollars
|
|
Shares sold
|
||||
Institutional Shares
|
191,999,892
|
$192,004,795
|
364,452,166
|
$364,421,973
|
Institutional Reserved Shares
|
51,339,782
|
51,400,000
|
233,918,077
|
234,121,717
|
$243,404,795
|
$598,543,690
|
|||
Shares issued to shareholders in reinvestment of distributions
|
||||
Capital Shares
|
1,999,926
|
$1,999,863
|
3,191,271
|
$3,190,426
|
Institutional Shares
|
4,778,513
|
4,778,567
|
10,403,900
|
10,401,395
|
Institutional Reserved Shares
|
2,166,203
|
2,168,698
|
4,172,041
|
4,175,795
|
$8,947,128
|
$17,767,616
|
DWS ESG Liquidity Fund - Capital Shares
|
|
|
21
|
Six Months Ended
February 29, 2024
|
Year Ended
August 31, 2023
|
|||
Shares
|
Dollars
|
Shares
|
Dollars
|
|
Shares redeemed
|
||||
Institutional Shares
|
(90,236,666
)
|
$(90,226,725
)
|
(462,095,438
)
|
$(461,982,338
)
|
Institutional Reserved Shares
|
(49,641,709
)
|
(49,706,123
)
|
(290,871,477
)
|
(291,103,891
)
|
$(139,932,848
)
|
$(753,086,229
)
|
|||
Net increase (decrease)
|
||||
Capital Shares
|
1,999,926
|
$1,999,863
|
3,191,271
|
$3,190,426
|
Institutional Shares
|
106,541,739
|
106,556,637
|
(87,239,372
)
|
(87,158,970
)
|
Institutional Reserved Shares
|
3,864,276
|
3,862,575
|
(52,781,359
)
|
(52,806,379
)
|
$112,419,075
|
$(136,774,923
)
|
22
|
|
|
DWS ESG Liquidity Fund - Capital Shares
|
DWS ESG Liquidity Fund - Capital Shares
|
|
|
23
|
24
|
|
|
DWS ESG Liquidity Fund - Capital Shares
|
DWS ESG Liquidity Fund - Capital Shares
|
|
|
25
|
Actual Fund Return
|
Capital
Shares
|
Beginning Account Value 9/1/23
|
$1,000.00
|
Ending Account Value 2/29/24
|
$1,027.72
|
Expenses Paid per $1,000*
|
$.30
|
Hypothetical 5% Fund Return
|
Capital
Shares
|
Beginning Account Value 9/1/23
|
$1,000.00
|
Ending Account Value 2/29/24
|
$1,024.57
|
Expenses Paid per $1,000*
|
$.30
|
*
|
Expenses are equal to the Capital Shares' annualized expense ratio, 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 366.
|
Annualized Expense Ratio
|
|
Capital Shares
|
.06%
|
26
|
|
|
DWS ESG Liquidity Fund - Capital Shares
|
DWS ESG Liquidity Fund - Capital Shares
|
|
|
27
|
28
|
|
|
DWS ESG Liquidity Fund - Capital Shares
|
DWS ESG Liquidity Fund - Capital Shares
|
|
|
29
|
30
|
|
|
DWS ESG Liquidity Fund - Capital Shares
|
Automated
Information Line
|
Institutional Investor Services (800) 730-1313
Personalized account information, information on other DWS funds
and services via touchtone telephone and the ability to exchange or
redeem shares.
|
Web Site
|
liquidity.dws.com/US/products/fund_facts_prospectus_l2.jsp
View your account transactions and balances, trade shares, monitor
your asset allocation, 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.
|
|
For More
Information
|
(800) 730-1313, option 1
To speak with a fund service representative.
|
Written
Correspondence
|
DWS
PO Box 219210
Kansas City, MO 64121-9210
|
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
dws.com
(800) 621-1148
|
DWS ESG Liquidity Fund - Capital Shares
|
|
|
31
|
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.
|
Capital Shares
|
Institutional Shares
|
Institutional
Reserved Shares
|
|
Nasdaq Symbol
|
ESIXX
|
ESGXX
|
ESRXX
|
CUSIP Number
|
461473845
|
461473837
|
461473811
|
Fund Number
|
1011
|
1411
|
1211
|
32
|
|
|
DWS ESG Liquidity Fund - Capital Shares
|
4
|
Portfolio Summary
|
5
|
Investment Portfolio
|
11
|
Statement of Assets and Liabilities
|
12
|
Statement of Operations
|
13
|
Statements of Changes in Net Assets
|
14
|
Financial Highlights
|
15
|
Notes to Financial Statements
|
24
|
Other Information
|
25
|
Information About Your Fund's Expenses
|
27
|
Advisory Agreement Board Considerations and Fee Evaluation
|
31
|
Account Management Resources
|
2
|
|
|
DWS ESG Liquidity Fund - Institutional Shares
|
DWS ESG Liquidity Fund - Institutional Shares
|
|
|
3
|
Asset Allocation(As a % of Investment Portfolio)
|
2/29/24
|
8/31/23
|
Commercial Paper
|
48%
|
48%
|
Repurchase Agreements
|
17%
|
8%
|
Time Deposits
|
14%
|
14%
|
Certificates of Deposit and Bank Notes
|
10%
|
14%
|
Variable Rate Demand Notes
|
7%
|
15%
|
Government & Agency Obligations
|
4%
|
1%
|
100%
|
100%
|
Weighted Average Maturity
|
2/29/24
|
8/31/23
|
DWS ESG Liquidity Fund
|
31 days
|
29 days
|
iMoneyNet Money Fund Average™-First Tier Institutional-
AAA Rating*
|
30 days
|
25 days
|
*
|
The Fund is compared to its respective iMoneyNet Money Fund Average category: First
Tier Institutional - AAA Rating - Category includes institutional 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; and has been assigned a rating by one of the nationally
recognized statistical rating organizations. S&P Global Ratings, Moody's Investors
Service, and Fitch Ratings are the largest NRSROs.
|
4
|
|
|
DWS ESG Liquidity Fund - Institutional Shares
|
Principal
Amount ($)
|
Value ($)
|
||
Certificates of Deposit and Bank Notes 9.6%
|
|||
Bank of America NA:
|
|||
5.67% (a), 4/10/2024
|
5,000,000
|
5,001,390
|
|
5.97%, 8/16/2024
|
5,000,000
|
5,009,049
|
|
Citibank NA, 5.74%, 8/21/2024
|
5,000,000
|
5,006,487
|
|
First Abu Dhabi Bank USA NV:
|
|||
SOFR + 0.2%, 5.51% (a), 8/9/2024
|
5,000,000
|
5,000,063
|
|
5.7%, 5/24/2024
|
5,000,000
|
5,002,037
|
|
HSBC Bank USA NA:
|
|||
5.79%, 11/25/2024
|
5,000,000
|
5,009,856
|
|
5.82%, 3/11/2024
|
2,500,000
|
2,500,176
|
|
5.97%, 8/14/2024
|
3,000,000
|
3,004,587
|
|
Kookmin Bank, SOFR + 0.55%, 5.86% (a), 7/22/2024
|
3,000,000
|
3,002,920
|
|
Nordea Bank ABP:
|
|||
SOFR + 0.37%, 5.68% (a), 3/15/2024
|
2,500,000
|
2,500,289
|
|
SOFR + 0.5%, 5.81% (a), 3/18/2024
|
3,000,000
|
3,000,614
|
|
Svenska Handelsbanken AB, SOFR + 0.55%, 5.86% (a),
3/5/2024
|
2,500,000
|
2,500,164
|
|
Swedbank AB, SOFR + 0.36%, 5.67% (a), 4/5/2024
|
5,000,000
|
5,001,373
|
|
Toronto-Dominion Bank, 5.86% (a), 3/27/2024
|
1,000,000
|
1,000,268
|
|
Total Certificates of Deposit and Bank Notes (Cost $52,500,671)
|
52,539,273
|
||
Commercial Paper 48.3%
|
|||
Issued at Discount (b) 39.7%
|
|||
Alinghi Funding Co. LLC:
|
|||
144A, 5.434%, 3/5/2024
|
5,000,000
|
4,996,280
|
|
144A, 5.799%, 5/14/2024
|
3,000,000
|
2,966,563
|
|
144A, 5.799%, 6/12/2024
|
5,000,000
|
4,923,078
|
|
Antalis SA, 144A, 5.566%, 4/2/2024
|
8,000,000
|
7,960,620
|
|
Autobahn Funding Co. LLC, 144A, 5.394%, 3/6/2024
|
23,000,000
|
22,979,574
|
|
Britannia Funding Co. LLC, 144A, 5.495%, 3/4/2024
|
5,000,000
|
4,997,036
|
|
Cancara Asset Securitisation LLC, 5.404%, 4/17/2024
|
5,000,000
|
4,964,200
|
|
Chesham Finance Ltd., 144A, 5.434%, 3/4/2024
|
4,280,000
|
4,277,467
|
|
Cisco Systems, Inc., 144A, 5.384%, 3/18/2024
|
5,000,000
|
4,986,726
|
|
Citigroup Global Markets, Inc., 144A, 5.617%, 3/7/2024
|
2,500,000
|
2,497,409
|
|
Export Development Canada, 5.576%, 5/1/2024
|
2,500,000
|
2,477,226
|
|
Federation des Caisses Desjardins du Quebec, 144A,
5.384%, 4/1/2024
|
5,000,000
|
4,976,175
|
|
Glencove Funding LLC, 144A, 5.414%, 4/19/2024
|
10,000,000
|
9,925,417
|
DWS ESG Liquidity Fund - Institutional Shares
|
|
|
5
|
Principal
Amount ($)
|
Value ($)
|
||
John Deere Capital C, 144A, 5.374%, 3/15/2024
|
10,000,000
|
9,977,862
|
|
Kookmin Bank, 144A, 5.637%, 4/24/2024
|
4,512,000
|
4,472,145
|
|
Lloyds Bank PLC, 144A, 5.323%, 8/21/2024
|
5,000,000
|
4,871,337
|
|
Longship Funding LLC:
|
|||
144A, 5.384%, 3/1/2024
|
7,000,000
|
6,998,967
|
|
144A, 5.394%, 3/7/2024
|
10,000,000
|
9,989,636
|
|
Macquarie Bank Ltd., 144A, 5.749%, 5/1/2024
|
2,000,000
|
1,981,317
|
|
Manhattan Asset Funding Co. LLC, 144A, 5.424%,
4/22/2024
|
7,500,000
|
7,440,530
|
|
Microsoft Corp., 144A, 5.424%, 5/28/2024
|
5,000,000
|
4,934,729
|
|
Mont Blanc Capital Corp.:
|
|||
144A, 5.353%, 4/18/2024
|
7,777,000
|
7,720,157
|
|
144A, 5.374%, 5/21/2024
|
10,000,000
|
9,877,850
|
|
National Bank of Canada, 144A, 5.678%, 3/25/2024
|
5,000,000
|
4,981,466
|
|
Nederlandse Waterschapsbank NV, 144A, 5.369%,
5/22/2024
|
10,000,000
|
9,878,443
|
|
New York Life Short Term Funding LLC, 144A, 5.434%,
4/10/2024
|
5,000,000
|
4,969,571
|
|
Oversea-Chinese Banking Corp. Ltd., 144A, 5.637%,
3/6/2024
|
2,500,000
|
2,497,789
|
|
Pricoa Short Term Funding LLC, 144A, 5.678%, 7/16/2024
|
5,000,000
|
4,898,378
|
|
Sanofi SA, 144A, 5.374%, 3/19/2024
|
2,500,000
|
2,492,987
|
|
Standard Chartered Bank:
|
|||
144A, 5.739%, 3/25/2024
|
5,000,000
|
4,981,629
|
|
144A, 5.739%, 4/2/2024
|
2,000,000
|
1,990,304
|
|
Svenska Handelsbanken AB, 144A, 5.678%, 9/18/2024
|
4,000,000
|
3,883,115
|
|
Unilever Capital Corp., 144A, 5.353%, 4/25/2024
|
5,000,000
|
4,958,389
|
|
United Overseas Bank Ltd., 144A, 5.566%, 3/19/2024
|
5,000,000
|
4,985,922
|
|
Victory Receivables Corp., 144A, 5.424%, 5/16/2024
|
10,000,000
|
9,885,263
|
|
Westpac Banking Corp., 144A, 5.374%, 8/27/2024
|
5,000,000
|
4,869,525
|
|
216,465,082
|
|||
Issued at Par 8.6%
|
|||
Barton Capital SA, 144A, 5.44% (a), 6/3/2024
|
5,000,000
|
5,000,000
|
|
Commonwealth Bank of Australia, 144A, SOFR + 0.55%,
5.86% (a), 10/10/2024
|
4,000,000
|
4,008,880
|
|
Concord Minutemen Capital Co. LLC, 144A,
5.53%, 4/8/2024
|
5,000,000
|
5,000,401
|
|
Great Bear Funding LLC:
|
|||
5.5% (a), 7/26/2024
|
10,000,000
|
10,000,000
|
|
5.61% (a), 6/24/2024
|
5,000,000
|
5,001,703
|
|
National Australia Bank Ltd.:
|
|||
144A, SOFR + 0.25%, 5.56% (a), 3/5/2024
|
3,000,000
|
3,000,063
|
|
144A, SOFR + 0.33%, 5.64% (a), 3/12/2024
|
3,000,000
|
3,000,235
|
6
|
|
|
DWS ESG Liquidity Fund - Institutional Shares
|
Principal
Amount ($)
|
Value ($)
|
||
Swedbank AB, SOFR + 0.38%, 5.69% (a), 4/8/2024
|
2,000,000
|
2,000,630
|
|
Westpac Banking Corp., 144A, SOFR + 0.5%, 5.81%
(a), 3/14/2024
|
10,000,000
|
10,001,579
|
|
47,013,491
|
|||
Total Commercial Paper (Cost $263,475,075)
|
263,478,573
|
||
Variable Rate Demand Notes (c) 6.9%
|
|||
Colorado, State Housing & Finance Authority, "II" ,
Series C2, 5.35%, 3/7/2024, SPA: Federal Home
Loan Bank
|
8,750,000
|
8,750,000
|
|
Colorado, State Housing & Finance Authority, Multi-Family
Housing Project, "I" , Series C, 5.35%, 3/7/2024, SPA:
Federal Home Loan Bank
|
9,090,000
|
9,090,000
|
|
Maine, State Housing Authority Mortgage Revenue,
Series E, 5.37%, 3/7/2024, SPA: Barclays Bank PLC
|
1,100,000
|
1,100,000
|
|
Minnesota Housing Finance Agency, Series D, 5.35%,
3/7/2024, SPA: Royal Bank of Canada
|
9,790,000
|
9,790,000
|
|
Wisconsin, Housing & Economic Development Authority:
|
|||
Series B, 5.33%, 3/7/2024, SPA: Federal Home
Loan Bank
|
6,140,000
|
6,140,000
|
|
Series F, 5.33%, 3/7/2024, SPA: JPMorgan Chase
Bank NA
|
2,820,000
|
2,820,000
|
|
Total Variable Rate Demand Notes (Cost $37,690,000)
|
37,690,000
|
||
Government & Agency Obligations 3.8%
|
|||
U.S. Treasury Obligations
|
|||
U.S. Treasury Bills:
|
|||
5.055% (b), 11/29/2024
|
5,000,000
|
4,814,275
|
|
5.329% (b), 5/30/2024
|
3,000,000
|
2,960,662
|
|
5.354% (b), 3/28/2024
|
5,000,000
|
4,980,203
|
|
5.409% (b), 3/5/2024
|
3,000,000
|
2,998,244
|
|
U.S. Treasury Floating Rate Notes, 3-month U.S. Treasury
Bill Money Market Yield minus 0.075%, 5.251% (a),
4/30/2024
|
5,000,000
|
4,999,000
|
|
Total Government & Agency Obligations (Cost $20,748,781)
|
20,752,384
|
||
Time Deposits 13.7%
|
|||
Canadian Imperial Bank of Commerce, 5.31%, 3/1/2024
|
25,000,000
|
25,000,000
|
DWS ESG Liquidity Fund - Institutional Shares
|
|
|
7
|
Principal
Amount ($)
|
Value ($)
|
||
Credit Agricole CIB, 5.3%, 3/1/2024
|
25,000,000
|
25,000,000
|
|
Mizuho Bank Ltd., 5.32%, 3/1/2024
|
25,000,000
|
25,000,000
|
|
Total Time Deposits (Cost $75,000,000)
|
75,000,000
|
||
Repurchase Agreements 17.5%
|
|||
BNP Paribas:
|
|||
5.31%, dated 2/29/2024, to be repurchased at
$14,302,109 on 3/1/2024 (d)
|
14,300,000
|
14,300,000
|
|
5.39%, dated 2/29/2024, to be repurchased at
$15,002,246 on 3/1/2024 (e)
|
15,000,000
|
15,000,000
|
|
Fixed Income Clearing Corp., 5.31%, dated 2/29/2024, to
be repurchased at $40,005,900 on 3/1/2024 (f)
|
40,000,000
|
40,000,000
|
|
Royal Bank of Canada:
|
|||
5.3%, dated 2/29/2024, to be repurchased at
$1,090,160 on 3/1/2024 (g)
|
1,090,000
|
1,090,000
|
|
5.31%, dated 2/29/2024, to be repurchased at
$25,103,702 on 3/1/2024 (h)
|
25,100,000
|
25,100,000
|
|
Total Repurchase Agreements (Cost $95,490,000)
|
95,490,000
|
% of Net
Assets
|
Value ($)
|
||
Total Investment Portfolio (Cost $544,904,527)
|
99.8
|
544,950,230
|
|
Other Assets and Liabilities, Net
|
0.2
|
1,104,746
|
|
Net Assets
|
100.0
|
546,054,976
|
(a)
|
Floating rate security. These securities are shown at their current rate as of
February 29, 2024.
|
(b)
|
Annualized yield at time of purchase; not a coupon rate.
|
(c)
|
Variable rate demand notes are securities whose interest rates are reset periodically
(usually daily mode or weekly mode) by remarketing agents based on current market
levels, and are not directly set as a fixed spread to a reference rate. These securities
may be redeemed at par by the holder through a put or tender feature, and are shown
at their current rates as of February 29, 2024. Date shown reflects the earlier of
demand date or stated maturity date.
|
8
|
|
|
DWS ESG Liquidity Fund - Institutional Shares
|
(d)
|
Collateralized by:
|
Principal
Amount ($)
|
Security
|
Rate (%)
|
Maturity Date
|
Collateral
Value ($)
|
10,000
|
Federal Home
Loan Banks
|
4.25
|
11/2/2038
|
8,984
|
14,772,800
|
U.S. Treasury Bills
|
Zero Coupon
|
5/30/2024
|
14,576,602
|
100
|
U.S. Treasury Notes
|
1.5
|
9/30/2024
|
98
|
300
|
U.S. Treasury Inflation
Index Notes
|
0.125-0.25
|
7/15/2024-1/15/2025
|
386
|
Total Collateral Value
|
14,586,070
|
(e)
|
Collateralized by:
|
Principal
Amount ($)
|
Security
|
Rate (%)
|
Maturity Date
|
Collateral
Value ($)
|
15,397,000
|
Corporate Bonds
|
4.6-5.864
|
9/29/2025-9/15/2041
|
15,527,738
|
(f)
|
Collateralized by:
|
Principal
Amount ($)
|
Security
|
Rate (%)
|
Maturity Date
|
Collateral
Value ($)
|
52,822,200
|
U.S. Treasury Bonds
|
3.0
|
8/15/2048
|
40,800,071
|
(g)
|
Collateralized by:
|
Principal
Amount ($)
|
Security
|
Rate (%)
|
Maturity Date
|
Collateral
Value ($)
|
157,300
|
U.S. Treasury Bills
|
Zero Coupon
|
4/16/2024
|
156,238
|
3,500
|
U.S. Treasury Bonds
|
2.25
|
2/15/2052
|
2,291
|
533,000
|
U.S. Treasury Notes
|
1.375-4.625
|
4/30/2025-5/15/2033
|
496,310
|
600
|
U.S. Treasury Strips
|
Zero Coupon
|
8/15/2046-5/15/2050
|
205
|
1,400
|
U.S. Treasury Inflation
Index Bonds
|
0.25-3.875
|
4/15/2029-2/15/2050
|
1,181
|
460,000
|
U.S. Treasury Inflation
Index Notes
|
0.125-1.375
|
1/15/2030-7/15/2033
|
455,739
|
Total Collateral Value
|
1,111,964
|
DWS ESG Liquidity Fund - Institutional Shares
|
|
|
9
|
(h)
|
Collateralized by:
|
Principal
Amount ($)
|
Security
|
Rate (%)
|
Maturity Date
|
Collateral
Value ($)
|
797,368
|
Federal Home Loan
Mortgage Corp.
|
2.0-7.5
|
9/1/2049-1/1/2054
|
691,912
|
12,301,086
|
Federal National
Mortgage Association
|
1.76-7.5
|
5/1/2025-1/1/2054
|
11,884,413
|
15,098,712
|
Government National
Mortgage Association
|
2.0-6.5
|
3/20/2051-2/20/2054
|
13,029,451
|
Total Collateral Value
|
25,605,776
|
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.
|
SOFR: Secured Overnight Financing Rate
|
SPA: Standby Bond Purchase Agreement
|
STRIPS: Separate Trading of Registered Interest and Principal Securities
|
Assets
|
Level 1
|
Level 2
|
Level 3
|
Total
|
Investments in Securities (a)
|
$-
|
$449,460,230
|
$-
|
$449,460,230
|
Repurchase Agreements
|
-
|
95,490,000
|
-
|
95,490,000
|
Total
|
$-
|
$544,950,230
|
$-
|
$544,950,230
|
(a)
|
See Investment Portfolio for additional detailed categorizations.
|
10
|
|
|
DWS ESG Liquidity Fund - Institutional Shares
|
Assets
|
|
Investment in securities, at value (cost $449,414,527)
|
$449,460,230
|
Repurchase agreements, at value (cost $95,490,000)
|
95,490,000
|
Cash
|
125,357
|
Receivable for investments sold
|
85,000
|
Interest receivable
|
1,556,337
|
Other assets
|
37,105
|
Total assets
|
546,754,029
|
Liabilities
|
|
Distributions payable
|
622,823
|
Accrued Trustees' fees
|
3,313
|
Other accrued expenses and payables
|
72,917
|
Total liabilities
|
699,053
|
Net assets, at value
|
$546,054,976
|
Net Assets Consist of
|
|
Distributable earnings (loss)
|
(246,081
)
|
Paid-in capital
|
546,301,057
|
Net assets, at value
|
$546,054,976
|
Net Asset Value
|
|
Capital Shares
Net Asset Value, offering and redemption price per share
($74,692,189 ÷ 74,694,002 outstanding shares of beneficial interest,
no par value, unlimited number of shares authorized)
|
$1.0000
|
Institutional Shares
Net Asset Value, offering and redemption price per share
($339,373,650 ÷ 339,369,182 outstanding shares of beneficial interest,
no par value, unlimited number of shares authorized)
|
$1.0000
|
Institutional Reserved Shares
Net Asset Value, offering and redemption price per share
($131,989,137 ÷ 131,838,356 outstanding shares of beneficial interest,
no par value, unlimited number of shares authorized)
|
$1.0011
|
DWS ESG Liquidity Fund - Institutional Shares
|
|
|
11
|
Investment Income
|
|
Income:
|
|
Interest
|
$12,974,678
|
Expenses:
|
|
Management fee
|
351,829
|
Administration fee
|
227,516
|
Services to shareholders
|
6,857
|
Service fees
|
33,315
|
Custodian fee
|
15,786
|
Professional fees
|
32,418
|
Reports to shareholders
|
12,206
|
Registration fees
|
28,266
|
Trustees' fees and expenses
|
7,496
|
Other
|
35,826
|
Total expenses before expense reductions
|
751,515
|
Expense reductions
|
(590,795
)
|
Total expenses after expense reductions
|
160,720
|
Net investment income
|
12,813,958
|
Realized and Unrealized Gain (Loss)
|
|
Change in net unrealized appreciation (depreciation) on investments
|
71,394
|
Net increase (decrease) in net assets resulting from operations
|
$12,885,352
|
12
|
|
|
DWS ESG Liquidity Fund - Institutional Shares
|
Six Months
Ended
February 29, 2024
|
Year Ended
August 31,
|
|
Increase (Decrease) in Net Assets
|
(Unaudited)
|
2023
|
Operations:
|
||
Net investment income
|
$12,813,958
|
$25,016,874
|
Net realized gain (loss)
|
-
|
(12,369
)
|
Change in net unrealized appreciation
(depreciation)
|
71,394
|
32,260
|
Net increase (decrease) in net assets resulting
from operations
|
12,885,352
|
25,036,765
|
Distributions to shareholders:
|
||
Capital Shares
|
(1,999,863
)
|
(3,190,426
)
|
Institutional Shares
|
(7,186,573
)
|
(14,036,432
)
|
Institutional Reserved Shares
|
(3,627,010
)
|
(7,790,016
)
|
Total distributions
|
(12,813,446
)
|
(25,016,874
)
|
Fund share transactions:
|
||
Proceeds from shares sold
|
243,404,795
|
598,543,690
|
Reinvestment of distributions
|
8,947,128
|
17,767,616
|
Payments for shares redeemed
|
(139,932,848
)
|
(753,086,229
)
|
Net increase (decrease) in net assets from Fund
share transactions
|
112,419,075
|
(136,774,923
)
|
Increase (decrease) in net assets
|
112,490,981
|
(136,755,032
)
|
Net assets at beginning of period
|
433,563,995
|
570,319,027
|
Net assets at end of period
|
$546,054,976
|
$433,563,995
|
DWS ESG Liquidity Fund - Institutional Shares
|
|
|
13
|
DWS ESG Liquidity Fund - Institutional Shares
|
||||||
Six Months
Ended 2/29/24
|
Years Ended August 31,
|
|||||
(Unaudited)
|
2023
|
2022
|
2021
|
2020
|
2019
|
|
Selected Per Share Data
|
||||||
Net asset value, beginning
of period
|
$.9998
|
$.9996
|
$.9999
|
$1.0002
|
$1.0001
|
$1.0001
|
Income (loss) from investment
operations:
|
||||||
Net investment income
|
.0272
|
.0450
|
.0059
|
.0013
|
.0126
|
.0247
|
Net realized and unrealized
gain (loss)
|
.0002
|
.0002
|
(.0003
)
|
(.0003
)
|
.0001
|
(.0000
)
|
Total from investment
operations
|
.0274
|
.0452
|
.0056
|
.0010
|
.0127
|
.0247
|
Less distributions from:
|
||||||
Net investment income
|
(.0272
)
|
(.0450
)
|
(.0059
)
|
(.0013
)
|
(.0126
)
|
(.0247
)
|
Net asset value, end
of period
|
$1.0000
|
$.9998
|
$.9996
|
$.9999
|
$1.0002
|
$1.0001
|
Total Return (%)a
|
2.77
*
|
4.61
|
.56
|
.10
|
1.27
|
2.51
|
Ratios to Average Net Assets and Supplemental Data
|
||||||
Net assets, end of period
($ millions)
|
339
|
233
|
320
|
434
|
275
|
123
|
Ratio of expenses before expense
reductions(%)
|
.30
**
|
.30
|
.30
|
.30
|
.31
|
.35
|
Ratio of expenses after expense
reductions(%)
|
.06
**
|
.06
|
.06
|
.06
|
.05
|
.03
|
Ratio of net investment
income (%)
|
5.47
**
|
4.49
|
.50
|
.12
|
1.10
|
2.51
|
a
|
Total return would have been lower had certain expenses not been reduced.
|
*
|
Not annualized
|
**
|
Annualized
|
14
|
|
|
DWS ESG Liquidity Fund - Institutional Shares
|
DWS ESG Liquidity Fund - Institutional Shares
|
|
|
15
|
16
|
|
|
DWS ESG Liquidity Fund - Institutional Shares
|
DWS ESG Liquidity Fund - Institutional Shares
|
|
|
17
|
18
|
|
|
DWS ESG Liquidity Fund - Institutional Shares
|
First $1 billion of the Fund's average daily net assets
|
.1500%
|
Next $3 billion of such net assets
|
.1325%
|
Over $4 billion of such net assets
|
.1200%
|
Capital Shares
|
$89,571
|
Institutional Shares
|
320,557
|
Institutional Reserved Shares
|
180,667
|
$590,795
|
DWS ESG Liquidity Fund - Institutional Shares
|
|
|
19
|
Services to Shareholders
|
Total
Aggregated
|
Unpaid at
February 29, 2024
|
Capital Shares
|
$407
|
$160
|
Institutional Shares
|
1,138
|
480
|
Institutional Reserved Shares
|
5,089
|
591
|
$6,634
|
$1,231
|
Service Fee
|
Total
Aggregated
|
Unpaid at
February 29, 2024
|
Annualized
Rate
|
Institutional Reserved Shares
|
$33,315
|
$5,142
|
.05%
|
20
|
|
|
DWS ESG Liquidity Fund - Institutional Shares
|
Six Months Ended
February 29, 2024
|
Year Ended
August 31, 2023
|
|||
Shares
|
Dollars
|
Shares
|
Dollars
|
|
Shares sold
|
||||
Institutional Shares
|
191,999,892
|
$192,004,795
|
364,452,166
|
$364,421,973
|
Institutional Reserved Shares
|
51,339,782
|
51,400,000
|
233,918,077
|
234,121,717
|
$243,404,795
|
$598,543,690
|
|||
Shares issued to shareholders in reinvestment of distributions
|
||||
Capital Shares
|
1,999,926
|
$1,999,863
|
3,191,271
|
$3,190,426
|
Institutional Shares
|
4,778,513
|
4,778,567
|
10,403,900
|
10,401,395
|
Institutional Reserved Shares
|
2,166,203
|
2,168,698
|
4,172,041
|
4,175,795
|
$8,947,128
|
$17,767,616
|
DWS ESG Liquidity Fund - Institutional Shares
|
|
|
21
|
Six Months Ended
February 29, 2024
|
Year Ended
August 31, 2023
|
|||
Shares
|
Dollars
|
Shares
|
Dollars
|
|
Shares redeemed
|
||||
Institutional Shares
|
(90,236,666
)
|
$(90,226,725
)
|
(462,095,438
)
|
$(461,982,338
)
|
Institutional Reserved Shares
|
(49,641,709
)
|
(49,706,123
)
|
(290,871,477
)
|
(291,103,891
)
|
$(139,932,848
)
|
$(753,086,229
)
|
|||
Net increase (decrease)
|
||||
Capital Shares
|
1,999,926
|
$1,999,863
|
3,191,271
|
$3,190,426
|
Institutional Shares
|
106,541,739
|
106,556,637
|
(87,239,372
)
|
(87,158,970
)
|
Institutional Reserved Shares
|
3,864,276
|
3,862,575
|
(52,781,359
)
|
(52,806,379
)
|
$112,419,075
|
$(136,774,923
)
|
22
|
|
|
DWS ESG Liquidity Fund - Institutional Shares
|
DWS ESG Liquidity Fund - Institutional Shares
|
|
|
23
|
24
|
|
|
DWS ESG Liquidity Fund - Institutional Shares
|
DWS ESG Liquidity Fund - Institutional Shares
|
|
|
25
|
Actual Fund Return
|
Institutional
Shares
|
Beginning Account Value 9/1/23
|
$1,000.00
|
Ending Account Value 2/29/24
|
$1,027.72
|
Expenses Paid per $1,000*
|
$.30
|
Hypothetical 5% Fund Return
|
Institutional
Shares
|
Beginning Account Value 9/1/23
|
$1,000.00
|
Ending Account Value 2/29/24
|
$1,024.57
|
Expenses Paid per $1,000*
|
$.30
|
*
|
Expenses are equal to the Institutional Shares' annualized expense ratio, 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 366.
|
Annualized Expense Ratio
|
|
Institutional Shares
|
.06%
|
26
|
|
|
DWS ESG Liquidity Fund - Institutional Shares
|
DWS ESG Liquidity Fund - Institutional Shares
|
|
|
27
|
28
|
|
|
DWS ESG Liquidity Fund - Institutional Shares
|
DWS ESG Liquidity Fund - Institutional Shares
|
|
|
29
|
30
|
|
|
DWS ESG Liquidity Fund - Institutional Shares
|
Automated
Information Line
|
Institutional Investor Services (800) 730-1313
Personalized account information, information on other DWS funds
and services via touchtone telephone and the ability to exchange or
redeem shares.
|
Web Site
|
liquidity.dws.com/US/products/fund_facts_prospectus_l2.jsp
View your account transactions and balances, trade shares, monitor
your asset allocation, 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.
|
|
For More
Information
|
(800) 730-1313, option 1
To speak with a fund service representative.
|
Written
Correspondence
|
DWS
PO Box 219210
Kansas City, MO 64121-9210
|
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
dws.com
(800) 621-1148
|
DWS ESG Liquidity Fund - Institutional Shares
|
|
|
31
|
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.
|
Capital Shares
|
Institutional Shares
|
Institutional
Reserved Shares
|
|
Nasdaq Symbol
|
ESIXX
|
ESGXX
|
ESRXX
|
CUSIP Number
|
461473845
|
461473837
|
461473811
|
Fund Number
|
1011
|
1411
|
1211
|
32
|
|
|
DWS ESG Liquidity Fund - Institutional Shares
|
4
|
Portfolio Summary
|
5
|
Investment Portfolio
|
11
|
Statement of Assets and Liabilities
|
12
|
Statement of Operations
|
13
|
Statements of Changes in Net Assets
|
14
|
Financial Highlights
|
15
|
Notes to Financial Statements
|
24
|
Other Information
|
25
|
Information About Your Fund's Expenses
|
27
|
Advisory Agreement Board Considerations and Fee Evaluation
|
31
|
Account Management Resources
|
2
|
|
|
DWS ESG Liquidity Fund - Institutional Reserved Shares
|
DWS ESG Liquidity Fund - Institutional Reserved Shares
|
|
|
3
|
Asset Allocation(As a % of Investment Portfolio)
|
2/29/24
|
8/31/23
|
Commercial Paper
|
48%
|
48%
|
Repurchase Agreements
|
17%
|
8%
|
Time Deposits
|
14%
|
14%
|
Certificates of Deposit and Bank Notes
|
10%
|
14%
|
Variable Rate Demand Notes
|
7%
|
15%
|
Government & Agency Obligations
|
4%
|
1%
|
100%
|
100%
|
Weighted Average Maturity
|
2/29/24
|
8/31/23
|
DWS ESG Liquidity Fund
|
31 days
|
29 days
|
iMoneyNet Money Fund Average™-First Tier Institutional-
AAA Rating*
|
30 days
|
25 days
|
*
|
The Fund is compared to its respective iMoneyNet Money Fund Average category: First
Tier Institutional - AAA Rating - Category includes institutional 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; and has been assigned a rating by one of the nationally
recognized statistical rating organizations. S&P Global Ratings, Moody's Investors
Service, and Fitch Ratings are the largest NRSROs.
|
4
|
|
|
DWS ESG Liquidity Fund - Institutional Reserved Shares
|
Principal
Amount ($)
|
Value ($)
|
||
Certificates of Deposit and Bank Notes 9.6%
|
|||
Bank of America NA:
|
|||
5.67% (a), 4/10/2024
|
5,000,000
|
5,001,390
|
|
5.97%, 8/16/2024
|
5,000,000
|
5,009,049
|
|
Citibank NA, 5.74%, 8/21/2024
|
5,000,000
|
5,006,487
|
|
First Abu Dhabi Bank USA NV:
|
|||
SOFR + 0.2%, 5.51% (a), 8/9/2024
|
5,000,000
|
5,000,063
|
|
5.7%, 5/24/2024
|
5,000,000
|
5,002,037
|
|
HSBC Bank USA NA:
|
|||
5.79%, 11/25/2024
|
5,000,000
|
5,009,856
|
|
5.82%, 3/11/2024
|
2,500,000
|
2,500,176
|
|
5.97%, 8/14/2024
|
3,000,000
|
3,004,587
|
|
Kookmin Bank, SOFR + 0.55%, 5.86% (a), 7/22/2024
|
3,000,000
|
3,002,920
|
|
Nordea Bank ABP:
|
|||
SOFR + 0.37%, 5.68% (a), 3/15/2024
|
2,500,000
|
2,500,289
|
|
SOFR + 0.5%, 5.81% (a), 3/18/2024
|
3,000,000
|
3,000,614
|
|
Svenska Handelsbanken AB, SOFR + 0.55%, 5.86% (a),
3/5/2024
|
2,500,000
|
2,500,164
|
|
Swedbank AB, SOFR + 0.36%, 5.67% (a), 4/5/2024
|
5,000,000
|
5,001,373
|
|
Toronto-Dominion Bank, 5.86% (a), 3/27/2024
|
1,000,000
|
1,000,268
|
|
Total Certificates of Deposit and Bank Notes (Cost $52,500,671)
|
52,539,273
|
||
Commercial Paper 48.3%
|
|||
Issued at Discount (b) 39.7%
|
|||
Alinghi Funding Co. LLC:
|
|||
144A, 5.434%, 3/5/2024
|
5,000,000
|
4,996,280
|
|
144A, 5.799%, 5/14/2024
|
3,000,000
|
2,966,563
|
|
144A, 5.799%, 6/12/2024
|
5,000,000
|
4,923,078
|
|
Antalis SA, 144A, 5.566%, 4/2/2024
|
8,000,000
|
7,960,620
|
|
Autobahn Funding Co. LLC, 144A, 5.394%, 3/6/2024
|
23,000,000
|
22,979,574
|
|
Britannia Funding Co. LLC, 144A, 5.495%, 3/4/2024
|
5,000,000
|
4,997,036
|
|
Cancara Asset Securitisation LLC, 5.404%, 4/17/2024
|
5,000,000
|
4,964,200
|
|
Chesham Finance Ltd., 144A, 5.434%, 3/4/2024
|
4,280,000
|
4,277,467
|
|
Cisco Systems, Inc., 144A, 5.384%, 3/18/2024
|
5,000,000
|
4,986,726
|
|
Citigroup Global Markets, Inc., 144A, 5.617%, 3/7/2024
|
2,500,000
|
2,497,409
|
|
Export Development Canada, 5.576%, 5/1/2024
|
2,500,000
|
2,477,226
|
|
Federation des Caisses Desjardins du Quebec, 144A,
5.384%, 4/1/2024
|
5,000,000
|
4,976,175
|
|
Glencove Funding LLC, 144A, 5.414%, 4/19/2024
|
10,000,000
|
9,925,417
|
DWS ESG Liquidity Fund - Institutional Reserved Shares
|
|
|
5
|
Principal
Amount ($)
|
Value ($)
|
||
John Deere Capital C, 144A, 5.374%, 3/15/2024
|
10,000,000
|
9,977,862
|
|
Kookmin Bank, 144A, 5.637%, 4/24/2024
|
4,512,000
|
4,472,145
|
|
Lloyds Bank PLC, 144A, 5.323%, 8/21/2024
|
5,000,000
|
4,871,337
|
|
Longship Funding LLC:
|
|||
144A, 5.384%, 3/1/2024
|
7,000,000
|
6,998,967
|
|
144A, 5.394%, 3/7/2024
|
10,000,000
|
9,989,636
|
|
Macquarie Bank Ltd., 144A, 5.749%, 5/1/2024
|
2,000,000
|
1,981,317
|
|
Manhattan Asset Funding Co. LLC, 144A, 5.424%,
4/22/2024
|
7,500,000
|
7,440,530
|
|
Microsoft Corp., 144A, 5.424%, 5/28/2024
|
5,000,000
|
4,934,729
|
|
Mont Blanc Capital Corp.:
|
|||
144A, 5.353%, 4/18/2024
|
7,777,000
|
7,720,157
|
|
144A, 5.374%, 5/21/2024
|
10,000,000
|
9,877,850
|
|
National Bank of Canada, 144A, 5.678%, 3/25/2024
|
5,000,000
|
4,981,466
|
|
Nederlandse Waterschapsbank NV, 144A, 5.369%,
5/22/2024
|
10,000,000
|
9,878,443
|
|
New York Life Short Term Funding LLC, 144A, 5.434%,
4/10/2024
|
5,000,000
|
4,969,571
|
|
Oversea-Chinese Banking Corp. Ltd., 144A, 5.637%,
3/6/2024
|
2,500,000
|
2,497,789
|
|
Pricoa Short Term Funding LLC, 144A, 5.678%, 7/16/2024
|
5,000,000
|
4,898,378
|
|
Sanofi SA, 144A, 5.374%, 3/19/2024
|
2,500,000
|
2,492,987
|
|
Standard Chartered Bank:
|
|||
144A, 5.739%, 3/25/2024
|
5,000,000
|
4,981,629
|
|
144A, 5.739%, 4/2/2024
|
2,000,000
|
1,990,304
|
|
Svenska Handelsbanken AB, 144A, 5.678%, 9/18/2024
|
4,000,000
|
3,883,115
|
|
Unilever Capital Corp., 144A, 5.353%, 4/25/2024
|
5,000,000
|
4,958,389
|
|
United Overseas Bank Ltd., 144A, 5.566%, 3/19/2024
|
5,000,000
|
4,985,922
|
|
Victory Receivables Corp., 144A, 5.424%, 5/16/2024
|
10,000,000
|
9,885,263
|
|
Westpac Banking Corp., 144A, 5.374%, 8/27/2024
|
5,000,000
|
4,869,525
|
|
216,465,082
|
|||
Issued at Par 8.6%
|
|||
Barton Capital SA, 144A, 5.44% (a), 6/3/2024
|
5,000,000
|
5,000,000
|
|
Commonwealth Bank of Australia, 144A, SOFR + 0.55%,
5.86% (a), 10/10/2024
|
4,000,000
|
4,008,880
|
|
Concord Minutemen Capital Co. LLC, 144A,
5.53%, 4/8/2024
|
5,000,000
|
5,000,401
|
|
Great Bear Funding LLC:
|
|||
5.5% (a), 7/26/2024
|
10,000,000
|
10,000,000
|
|
5.61% (a), 6/24/2024
|
5,000,000
|
5,001,703
|
|
National Australia Bank Ltd.:
|
|||
144A, SOFR + 0.25%, 5.56% (a), 3/5/2024
|
3,000,000
|
3,000,063
|
|
144A, SOFR + 0.33%, 5.64% (a), 3/12/2024
|
3,000,000
|
3,000,235
|
6
|
|
|
DWS ESG Liquidity Fund - Institutional Reserved Shares
|
Principal
Amount ($)
|
Value ($)
|
||
Swedbank AB, SOFR + 0.38%, 5.69% (a), 4/8/2024
|
2,000,000
|
2,000,630
|
|
Westpac Banking Corp., 144A, SOFR + 0.5%, 5.81%
(a), 3/14/2024
|
10,000,000
|
10,001,579
|
|
47,013,491
|
|||
Total Commercial Paper (Cost $263,475,075)
|
263,478,573
|
||
Variable Rate Demand Notes (c) 6.9%
|
|||
Colorado, State Housing & Finance Authority, "II" ,
Series C2, 5.35%, 3/7/2024, SPA: Federal Home
Loan Bank
|
8,750,000
|
8,750,000
|
|
Colorado, State Housing & Finance Authority, Multi-Family
Housing Project, "I" , Series C, 5.35%, 3/7/2024, SPA:
Federal Home Loan Bank
|
9,090,000
|
9,090,000
|
|
Maine, State Housing Authority Mortgage Revenue,
Series E, 5.37%, 3/7/2024, SPA: Barclays Bank PLC
|
1,100,000
|
1,100,000
|
|
Minnesota Housing Finance Agency, Series D, 5.35%,
3/7/2024, SPA: Royal Bank of Canada
|
9,790,000
|
9,790,000
|
|
Wisconsin, Housing & Economic Development Authority:
|
|||
Series B, 5.33%, 3/7/2024, SPA: Federal Home
Loan Bank
|
6,140,000
|
6,140,000
|
|
Series F, 5.33%, 3/7/2024, SPA: JPMorgan Chase
Bank NA
|
2,820,000
|
2,820,000
|
|
Total Variable Rate Demand Notes (Cost $37,690,000)
|
37,690,000
|
||
Government & Agency Obligations 3.8%
|
|||
U.S. Treasury Obligations
|
|||
U.S. Treasury Bills:
|
|||
5.055% (b), 11/29/2024
|
5,000,000
|
4,814,275
|
|
5.329% (b), 5/30/2024
|
3,000,000
|
2,960,662
|
|
5.354% (b), 3/28/2024
|
5,000,000
|
4,980,203
|
|
5.409% (b), 3/5/2024
|
3,000,000
|
2,998,244
|
|
U.S. Treasury Floating Rate Notes, 3-month U.S. Treasury
Bill Money Market Yield minus 0.075%, 5.251% (a),
4/30/2024
|
5,000,000
|
4,999,000
|
|
Total Government & Agency Obligations (Cost $20,748,781)
|
20,752,384
|
||
Time Deposits 13.7%
|
|||
Canadian Imperial Bank of Commerce, 5.31%, 3/1/2024
|
25,000,000
|
25,000,000
|
DWS ESG Liquidity Fund - Institutional Reserved Shares
|
|
|
7
|
Principal
Amount ($)
|
Value ($)
|
||
Credit Agricole CIB, 5.3%, 3/1/2024
|
25,000,000
|
25,000,000
|
|
Mizuho Bank Ltd., 5.32%, 3/1/2024
|
25,000,000
|
25,000,000
|
|
Total Time Deposits (Cost $75,000,000)
|
75,000,000
|
||
Repurchase Agreements 17.5%
|
|||
BNP Paribas:
|
|||
5.31%, dated 2/29/2024, to be repurchased at
$14,302,109 on 3/1/2024 (d)
|
14,300,000
|
14,300,000
|
|
5.39%, dated 2/29/2024, to be repurchased at
$15,002,246 on 3/1/2024 (e)
|
15,000,000
|
15,000,000
|
|
Fixed Income Clearing Corp., 5.31%, dated 2/29/2024, to
be repurchased at $40,005,900 on 3/1/2024 (f)
|
40,000,000
|
40,000,000
|
|
Royal Bank of Canada:
|
|||
5.3%, dated 2/29/2024, to be repurchased at
$1,090,160 on 3/1/2024 (g)
|
1,090,000
|
1,090,000
|
|
5.31%, dated 2/29/2024, to be repurchased at
$25,103,702 on 3/1/2024 (h)
|
25,100,000
|
25,100,000
|
|
Total Repurchase Agreements (Cost $95,490,000)
|
95,490,000
|
% of Net
Assets
|
Value ($)
|
||
Total Investment Portfolio (Cost $544,904,527)
|
99.8
|
544,950,230
|
|
Other Assets and Liabilities, Net
|
0.2
|
1,104,746
|
|
Net Assets
|
100.0
|
546,054,976
|
(a)
|
Floating rate security. These securities are shown at their current rate as of
February 29, 2024.
|
(b)
|
Annualized yield at time of purchase; not a coupon rate.
|
(c)
|
Variable rate demand notes are securities whose interest rates are reset periodically
(usually daily mode or weekly mode) by remarketing agents based on current market
levels, and are not directly set as a fixed spread to a reference rate. These securities
may be redeemed at par by the holder through a put or tender feature, and are shown
at their current rates as of February 29, 2024. Date shown reflects the earlier of
demand date or stated maturity date.
|
8
|
|
|
DWS ESG Liquidity Fund - Institutional Reserved Shares
|
(d)
|
Collateralized by:
|
Principal
Amount ($)
|
Security
|
Rate (%)
|
Maturity Date
|
Collateral
Value ($)
|
10,000
|
Federal Home
Loan Banks
|
4.25
|
11/2/2038
|
8,984
|
14,772,800
|
U.S. Treasury Bills
|
Zero Coupon
|
5/30/2024
|
14,576,602
|
100
|
U.S. Treasury Notes
|
1.5
|
9/30/2024
|
98
|
300
|
U.S. Treasury Inflation
Index Notes
|
0.125-0.25
|
7/15/2024-1/15/2025
|
386
|
Total Collateral Value
|
14,586,070
|
(e)
|
Collateralized by:
|
Principal
Amount ($)
|
Security
|
Rate (%)
|
Maturity Date
|
Collateral
Value ($)
|
15,397,000
|
Corporate Bonds
|
4.6-5.864
|
9/29/2025-9/15/2041
|
15,527,738
|
(f)
|
Collateralized by:
|
Principal
Amount ($)
|
Security
|
Rate (%)
|
Maturity Date
|
Collateral
Value ($)
|
52,822,200
|
U.S. Treasury Bonds
|
3.0
|
8/15/2048
|
40,800,071
|
(g)
|
Collateralized by:
|
Principal
Amount ($)
|
Security
|
Rate (%)
|
Maturity Date
|
Collateral
Value ($)
|
157,300
|
U.S. Treasury Bills
|
Zero Coupon
|
4/16/2024
|
156,238
|
3,500
|
U.S. Treasury Bonds
|
2.25
|
2/15/2052
|
2,291
|
533,000
|
U.S. Treasury Notes
|
1.375-4.625
|
4/30/2025-5/15/2033
|
496,310
|
600
|
U.S. Treasury Strips
|
Zero Coupon
|
8/15/2046-5/15/2050
|
205
|
1,400
|
U.S. Treasury Inflation
Index Bonds
|
0.25-3.875
|
4/15/2029-2/15/2050
|
1,181
|
460,000
|
U.S. Treasury Inflation
Index Notes
|
0.125-1.375
|
1/15/2030-7/15/2033
|
455,739
|
Total Collateral Value
|
1,111,964
|
DWS ESG Liquidity Fund - Institutional Reserved Shares
|
|
|
9
|
(h)
|
Collateralized by:
|
Principal
Amount ($)
|
Security
|
Rate (%)
|
Maturity Date
|
Collateral
Value ($)
|
797,368
|
Federal Home Loan
Mortgage Corp.
|
2.0-7.5
|
9/1/2049-1/1/2054
|
691,912
|
12,301,086
|
Federal National
Mortgage Association
|
1.76-7.5
|
5/1/2025-1/1/2054
|
11,884,413
|
15,098,712
|
Government National
Mortgage Association
|
2.0-6.5
|
3/20/2051-2/20/2054
|
13,029,451
|
Total Collateral Value
|
25,605,776
|
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.
|
SOFR: Secured Overnight Financing Rate
|
SPA: Standby Bond Purchase Agreement
|
STRIPS: Separate Trading of Registered Interest and Principal Securities
|
Assets
|
Level 1
|
Level 2
|
Level 3
|
Total
|
Investments in Securities (a)
|
$-
|
$449,460,230
|
$-
|
$449,460,230
|
Repurchase Agreements
|
-
|
95,490,000
|
-
|
95,490,000
|
Total
|
$-
|
$544,950,230
|
$-
|
$544,950,230
|
(a)
|
See Investment Portfolio for additional detailed categorizations.
|
10
|
|
|
DWS ESG Liquidity Fund - Institutional Reserved Shares
|
Assets
|
|
Investment in securities, at value (cost $449,414,527)
|
$449,460,230
|
Repurchase agreements, at value (cost $95,490,000)
|
95,490,000
|
Cash
|
125,357
|
Receivable for investments sold
|
85,000
|
Interest receivable
|
1,556,337
|
Other assets
|
37,105
|
Total assets
|
546,754,029
|
Liabilities
|
|
Distributions payable
|
622,823
|
Accrued Trustees' fees
|
3,313
|
Other accrued expenses and payables
|
72,917
|
Total liabilities
|
699,053
|
Net assets, at value
|
$546,054,976
|
Net Assets Consist of
|
|
Distributable earnings (loss)
|
(246,081
)
|
Paid-in capital
|
546,301,057
|
Net assets, at value
|
$546,054,976
|
Net Asset Value
|
|
Capital Shares
Net Asset Value, offering and redemption price per share
($74,692,189 ÷ 74,694,002 outstanding shares of beneficial interest,
no par value, unlimited number of shares authorized)
|
$1.0000
|
Institutional Shares
Net Asset Value, offering and redemption price per share
($339,373,650 ÷ 339,369,182 outstanding shares of beneficial interest,
no par value, unlimited number of shares authorized)
|
$1.0000
|
Institutional Reserved Shares
Net Asset Value, offering and redemption price per share
($131,989,137 ÷ 131,838,356 outstanding shares of beneficial interest,
no par value, unlimited number of shares authorized)
|
$1.0011
|
DWS ESG Liquidity Fund - Institutional Reserved Shares
|
|
|
11
|
Investment Income
|
|
Income:
|
|
Interest
|
$12,974,678
|
Expenses:
|
|
Management fee
|
351,829
|
Administration fee
|
227,516
|
Services to shareholders
|
6,857
|
Service fees
|
33,315
|
Custodian fee
|
15,786
|
Professional fees
|
32,418
|
Reports to shareholders
|
12,206
|
Registration fees
|
28,266
|
Trustees' fees and expenses
|
7,496
|
Other
|
35,826
|
Total expenses before expense reductions
|
751,515
|
Expense reductions
|
(590,795
)
|
Total expenses after expense reductions
|
160,720
|
Net investment income
|
12,813,958
|
Realized and Unrealized Gain (Loss)
|
|
Change in net unrealized appreciation (depreciation) on investments
|
71,394
|
Net increase (decrease) in net assets resulting from operations
|
$12,885,352
|
12
|
|
|
DWS ESG Liquidity Fund - Institutional Reserved Shares
|
Six Months
Ended
February 29, 2024
|
Year Ended
August 31,
|
|
Increase (Decrease) in Net Assets
|
(Unaudited)
|
2023
|
Operations:
|
||
Net investment income
|
$12,813,958
|
$25,016,874
|
Net realized gain (loss)
|
-
|
(12,369
)
|
Change in net unrealized appreciation
(depreciation)
|
71,394
|
32,260
|
Net increase (decrease) in net assets resulting
from operations
|
12,885,352
|
25,036,765
|
Distributions to shareholders:
|
||
Capital Shares
|
(1,999,863
)
|
(3,190,426
)
|
Institutional Shares
|
(7,186,573
)
|
(14,036,432
)
|
Institutional Reserved Shares
|
(3,627,010
)
|
(7,790,016
)
|
Total distributions
|
(12,813,446
)
|
(25,016,874
)
|
Fund share transactions:
|
||
Proceeds from shares sold
|
243,404,795
|
598,543,690
|
Reinvestment of distributions
|
8,947,128
|
17,767,616
|
Payments for shares redeemed
|
(139,932,848
)
|
(753,086,229
)
|
Net increase (decrease) in net assets from Fund
share transactions
|
112,419,075
|
(136,774,923
)
|
Increase (decrease) in net assets
|
112,490,981
|
(136,755,032
)
|
Net assets at beginning of period
|
433,563,995
|
570,319,027
|
Net assets at end of period
|
$546,054,976
|
$433,563,995
|
DWS ESG Liquidity Fund - Institutional Reserved Shares
|
|
|
13
|
DWS ESG Liquidity Fund - Institutional Reserved Shares
|
||||||
Six Months
Ended 2/29/24
|
Years Ended August 31,
|
Period
Ended
|
||||
(Unaudited)
|
2023
|
2022
|
2021
|
2020
|
8/31/19a
|
|
Selected Per Share Data
|
||||||
Net asset value,
beginning of period
|
$1.0010
|
$1.0008
|
$1.0011
|
$1.0013
|
$1.0014
|
$1.0000
|
Income (loss) from
investment operations:
|
||||||
Net investment income
|
.0271
|
.0447
|
.0056
|
.0010
|
.0122
|
.0208
|
Net realized and
unrealized gain (loss)
|
.0001
|
.0002
|
(.0003
)
|
(.0002
)
|
(.0001
)
|
.0014
|
Total from investment
operations
|
.0272
|
.0449
|
.0053
|
.0008
|
.0121
|
.0222
|
Less distributions from:
|
||||||
Net investment income
|
(.0271
)
|
(.0447
)
|
(.0056
)
|
(.0010
)
|
(.0122
)
|
(.0208
)
|
Net asset value, end
of period
|
$1.0011
|
$1.0010
|
$1.0008
|
$1.0011
|
$1.0013
|
$1.0014
|
Total Return (%)b
|
2.75
*
|
4.58
|
.53
|
.08
|
1.21
|
2.24
*
|
Ratios to Average Net Assets and Supplemental Data
|
||||||
Net assets, end of period
($ millions)
|
132
|
128
|
181
|
91
|
47
|
57
|
Ratio of expenses before expense
reductions(%)
|
.36
**
|
.35
|
.36
|
.37
|
.39
|
.41
**
|
Ratio of expenses after expense
reductions(%)
|
.09
**
|
.09
|
.09
|
.09
|
.09
|
.07
**
|
Ratio of net investment
income (%)
|
5.44
**
|
4.45
|
.65
|
.09
|
1.25
|
2.50
**
|
a
|
For the period from October 29, 2018 (commencement of operations) to
August 31, 2019.
|
b
|
Total return would have been lower had certain expenses not been reduced.
|
*
|
Not annualized
|
**
|
Annualized
|
14
|
|
|
DWS ESG Liquidity Fund - Institutional Reserved Shares
|
DWS ESG Liquidity Fund - Institutional Reserved Shares
|
|
|
15
|
16
|
|
|
DWS ESG Liquidity Fund - Institutional Reserved Shares
|
DWS ESG Liquidity Fund - Institutional Reserved Shares
|
|
|
17
|
18
|
|
|
DWS ESG Liquidity Fund - Institutional Reserved Shares
|
First $1 billion of the Fund's average daily net assets
|
.1500%
|
Next $3 billion of such net assets
|
.1325%
|
Over $4 billion of such net assets
|
.1200%
|
Capital Shares
|
$89,571
|
Institutional Shares
|
320,557
|
Institutional Reserved Shares
|
180,667
|
$590,795
|
DWS ESG Liquidity Fund - Institutional Reserved Shares
|
|
|
19
|
Services to Shareholders
|
Total
Aggregated
|
Unpaid at
February 29, 2024
|
Capital Shares
|
$407
|
$160
|
Institutional Shares
|
1,138
|
480
|
Institutional Reserved Shares
|
5,089
|
591
|
$6,634
|
$1,231
|
Service Fee
|
Total
Aggregated
|
Unpaid at
February 29, 2024
|
Annualized
Rate
|
Institutional Reserved Shares
|
$33,315
|
$5,142
|
.05%
|
20
|
|
|
DWS ESG Liquidity Fund - Institutional Reserved Shares
|
Six Months Ended
February 29, 2024
|
Year Ended
August 31, 2023
|
|||
Shares
|
Dollars
|
Shares
|
Dollars
|
|
Shares sold
|
||||
Institutional Shares
|
191,999,892
|
$192,004,795
|
364,452,166
|
$364,421,973
|
Institutional Reserved Shares
|
51,339,782
|
51,400,000
|
233,918,077
|
234,121,717
|
$243,404,795
|
$598,543,690
|
|||
Shares issued to shareholders in reinvestment of distributions
|
||||
Capital Shares
|
1,999,926
|
$1,999,863
|
3,191,271
|
$3,190,426
|
Institutional Shares
|
4,778,513
|
4,778,567
|
10,403,900
|
10,401,395
|
Institutional Reserved Shares
|
2,166,203
|
2,168,698
|
4,172,041
|
4,175,795
|
$8,947,128
|
$17,767,616
|
DWS ESG Liquidity Fund - Institutional Reserved Shares
|
|
|
21
|
Six Months Ended
February 29, 2024
|
Year Ended
August 31, 2023
|
|||
Shares
|
Dollars
|
Shares
|
Dollars
|
|
Shares redeemed
|
||||
Institutional Shares
|
(90,236,666
)
|
$(90,226,725
)
|
(462,095,438
)
|
$(461,982,338
)
|
Institutional Reserved Shares
|
(49,641,709
)
|
(49,706,123
)
|
(290,871,477
)
|
(291,103,891
)
|
$(139,932,848
)
|
$(753,086,229
)
|
|||
Net increase (decrease)
|
||||
Capital Shares
|
1,999,926
|
$1,999,863
|
3,191,271
|
$3,190,426
|
Institutional Shares
|
106,541,739
|
106,556,637
|
(87,239,372
)
|
(87,158,970
)
|
Institutional Reserved Shares
|
3,864,276
|
3,862,575
|
(52,781,359
)
|
(52,806,379
)
|
$112,419,075
|
$(136,774,923
)
|
22
|
|
|
DWS ESG Liquidity Fund - Institutional Reserved Shares
|
DWS ESG Liquidity Fund - Institutional Reserved Shares
|
|
|
23
|
24
|
|
|
DWS ESG Liquidity Fund - Institutional Reserved Shares
|
DWS ESG Liquidity Fund - Institutional Reserved Shares
|
|
|
25
|
Actual Fund Return
|
Institutional
Reserved
Shares
|
Beginning Account Value 9/1/23
|
$1,000.00
|
Ending Account Value 2/29/24
|
$1,027.46
|
Expenses Paid per $1,000*
|
$.45
|
Hypothetical 5% Fund Return
|
Institutional
Reserved
Shares
|
Beginning Account Value 9/1/23
|
$1,000.00
|
Ending Account Value 2/29/24
|
$1,024.42
|
Expenses Paid per $1,000*
|
$.45
|
*
|
Expenses are equal to the Institutional Reserved Shares' annualized expense ratio,
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 366.
|
Annualized Expense Ratio
|
|
Institutional Reserved Shares
|
.09%
|
26
|
|
|
DWS ESG Liquidity Fund - Institutional Reserved Shares
|
DWS ESG Liquidity Fund - Institutional Reserved Shares
|
|
|
27
|
28
|
|
|
DWS ESG Liquidity Fund - Institutional Reserved Shares
|
DWS ESG Liquidity Fund - Institutional Reserved Shares
|
|
|
29
|
30
|
|
|
DWS ESG Liquidity Fund - Institutional Reserved Shares
|
Automated
Information Line
|
Institutional Investor Services (800) 730-1313
Personalized account information, information on other DWS funds
and services via touchtone telephone and the ability to exchange or
redeem shares.
|
Web Site
|
liquidity.dws.com/US/products/fund_facts_prospectus_l2.jsp
View your account transactions and balances, trade shares, monitor
your asset allocation, 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.
|
|
For More
Information
|
(800) 730-1313, option 1
To speak with a fund service representative.
|
Written
Correspondence
|
DWS
PO Box 219210
Kansas City, MO 64121-9210
|
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
dws.com
(800) 621-1148
|
DWS ESG Liquidity Fund - Institutional Reserved Shares
|
|
|
31
|
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.
|
Capital Shares
|
Institutional Shares
|
Institutional
Reserved Shares
|
|
Nasdaq Symbol
|
ESIXX
|
ESGXX
|
ESRXX
|
CUSIP Number
|
461473845
|
461473837
|
461473811
|
Fund Number
|
1011
|
1411
|
1211
|
32
|
|
|
DWS ESG Liquidity Fund - Institutional Reserved Shares
|
(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 ESG Liquidity Fund, a series of Investors Cash Trust |
By: |
/s/Hepsen Uzcan Hepsen Uzcan Principal Executive |
Date: | 4/29/2024 |
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: | 4/29/2024 |
By: |
/s/Diane Kenneally Diane Kenneally Principal Financial Officer |
Date: | 4/29/2024 |