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As Of Filer Filing For·On·As Docs:Size Issuer Agent 4/23/19 Deutsche DWS Portfolio Trust N-Q 2/28/19 2:280K Deutsche DWS Int’l … Inc → DWS Floating Rate Fund ⇒ Class A (DFRAX) — Class C (DFRCX) — Class R6 (DFRRX) — Class S (DFRPX) — Institutional Class (DFRTX) |
Document/Exhibit Description Pages Size 1: N-Q Dws Floating Rate Fund HTML 108K 2: EX-99.CERT Certifications HTML 15K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
_______________________________
Investment Company Act file number: 811-00042
Deutsche DWS Portfolio Trust
(Exact name of registrant as specified in charter)
345 Park Avenue
New York, NY 10154-0004
(Address of principal executive offices) (Zip code)
One International Place
(Name and address of agent for service)
Registrant's telephone number, including area code: (212) 250-2500
Date of fiscal year end: 5/31
Date of reporting period: 2/28/2019
| ITEM 1. | SCHEDULE OF INVESTMENTS |
Investment Portfolio as of February 28, 2019 (Unaudited)
DWS Floating Rate Fund
| Principal Amount ($) |
Value ($) | |||||||||||
| Loan Participations and Assignments 94.4% | ||||||||||||
| Senior Loans ** | ||||||||||||
| Communication Services 15.1% | ||||||||||||
| Altice Financing SA, First Lien Term Loan, 1-month USD LIBOR + 2.750%, 5.231%, 1/31/2026 | 1,272,626 | 1,239,219 | ||||||||||
| Avaya, Inc.: | ||||||||||||
| Term Loan B, 1-month USD-LIBOR + 4.250%, 6.739%, 12/15/2024 | 330,787 | 331,036 | ||||||||||
| Term Loan B, 2-month USD-LIBOR + 4.250%, 6.849%, 12/15/2024 | 199,213 | 199,364 | ||||||||||
| CenturyLink, Inc., Term Loan B, 1-month USD LIBOR + 2.750%, 5.243%, 1/31/2025 | 3,456,907 | 3,409,081 | ||||||||||
| Charter Communications Operating LLC, Term Loan B, 1-month USD LIBOR + 2.000%, 4.5%, 4/30/2025 | 2,992,443 | 2,988,703 | ||||||||||
| Colorado Buyer, Inc.: | ||||||||||||
| Term Loan B, 1-month USD LIBOR + 3.000%, 5.52%, 5/1/2024 | 738,750 | 731,134 | ||||||||||
| Second Lien Term Loan, 1-month USD LIBOR + 7.250%, 9.77%, 5/1/2025 | 350,000 | 321,125 | ||||||||||
| Communications Sales & Leasing, Inc., Term Loan B, 1-month USD LIBOR + 3.000%, 5.493%, 10/24/2022 | 1,181,486 | 1,094,352 | ||||||||||
| Consolidated Communications, Inc., Term Loan B, 1-month USD LIBOR + 3.000%, 5.5%, 10/4/2023 | 493,112 | 481,708 | ||||||||||
| CSC Holdings LLC: | ||||||||||||
| First Lien Term Loan, 1-month USD LIBOR + 2.250%, 4.739%, 7/17/2025 | 2,544,245 | 2,519,032 | ||||||||||
| Term Loan B, 1-month USD LIBOR + 2.500%, 4.989%, 1/25/2026 | 404,552 | 403,415 | ||||||||||
| Frontier Communications Corp., Term Loan B1, 1-month USD LIBOR + 3.750%, 6.25%, 6/15/2024 | 2,362,766 | 2,284,499 | ||||||||||
| iHeartCommunications, Inc., Term Loan D, 6.75%, 1/30/2020 * | 890,000 | 627,819 | ||||||||||
| Intelsat Jackson Holdings SA, Term Loan B3, 1-month USD LIBOR + 3.750%, 6.229%, 11/27/2023 | 2,250,000 | 2,252,835 | ||||||||||
| Level 3 Financing, Inc., Term Loan B, 1-month USD LIBOR + 2.250%, 4.731%, 2/22/2024 | 3,075,000 | 3,068,696 | ||||||||||
| Mission Broadcasting, Inc., Term Loan B3, USD LIBOR + 2.250%, 1/17/2024 (a) | 64,118 | 63,437 | ||||||||||
| Nexstar Broadcasting, Inc., Term Loan B3, USD LIBOR + 2.250%, 1/17/2024 (a) | 415,206 | 410,794 | ||||||||||
| Sprint Communications, Inc., First Lien Term Loan B, 1-month USD LIBOR + 2.500%, 5.0%, 2/2/2024 | 4,153,147 | 4,109,892 | ||||||||||
| Telesat Canada, Term Loan B4, 3-month USD LIBOR + 2.500%, 5.31%, 11/17/2023 | 2,240,683 | 2,239,742 | ||||||||||
| Univision Communications, Inc., Term Loan C5, 1-month USD LIBOR + 2.750%, 5.243%, 3/15/2024 | 1,080,252 | 1,007,783 | ||||||||||
| UPC Financing Partnership, Term Loan AR, 1-month USD LIBOR + 2.500%, 4.989%, 1/15/2026 | 1,045,304 | 1,045,110 | ||||||||||
| Virgin Media Bristol LLC, Term Loan K, 1-month USD LIBOR + 2.500%, 4.989%, 1/15/2026 | 2,357,877 | 2,345,074 | ||||||||||
| Windstream Services LLC: | ||||||||||||
| Term Loan B7, 1-month USD LIBOR + 3.250%, 5.74%, 2/17/2024 | 444,055 | 425,738 | ||||||||||
| Term Loan B6, 1-month USD LIBOR + 4.000%, 6.49%, 3/29/2021 | 634,398 | 616,775 | ||||||||||
| Zayo Group LLC, Term Loan, 1-month USD LIBOR + 2.250%, 4.743%, 1/19/2024 | 3,420,199 | 3,409,511 | ||||||||||
| Ziggo Secured Finance Partnership, Term Loan E, 1-month USD LIBOR + 2.500%, 4.989%, 4/15/2025 | 1,700,000 | 1,681,955 | ||||||||||
| 39,307,829 | ||||||||||||
| Consumer Discretionary 16.8% | ||||||||||||
| 1011778 B.C. Unlimited Liability Co., Term Loan B3, 1-month USD LIBOR + 2.250%, 4.743%, 2/16/2024 | 3,658,890 | 3,636,973 | ||||||||||
| Abercrombie & Fitch Management Co., Term Loan B1, 1-month USD LIBOR + 3.500%, 5.99%, 8/7/2021 | 1,266,250 | 1,263,084 | ||||||||||
| Academy Ltd.: | ||||||||||||
| Term Loan B, 1-month USD-LIBOR + 4.000%, 6.509%, 7/1/2022 | 311,106 | 217,774 | ||||||||||
| Term Loan B, 1-month USD-LIBOR + 4.000%, 6.514%, 7/1/2022 | 147,155 | 103,008 | ||||||||||
| Allied Universal Holdco LLC, Term Loan, 1-month USD LIBOR + 3.750%, 6.243%, 7/28/2022 | 420,000 | 413,805 | ||||||||||
| AMC Entertainment Holdings, Inc., Term Loan B, 1-month USD LIBOR + 2.250%, 4.739%, 12/15/2023 | 1,225,000 | 1,219,647 | ||||||||||
| American Axle and Manufacturing, Inc., Term Loan B, 1-month USD LIBOR + 2.250%, 4.74%, 4/6/2024 | 673,269 | 661,487 | ||||||||||
| American Builders & Contractors Supply Co., Inc., Term Loan B, 1-month USD LIBOR + 2.000%, 4.493%, 10/31/2023 | 818,750 | 814,828 | ||||||||||
| Aristocrat Technologies, Inc., First Lien Term Loan, 3-month USD LIBOR + 1.750%, 4.526%, 10/19/2024 | 1,016,381 | 1,010,720 | ||||||||||
| Ascena Retail Group, Inc., Term Loan B, 1-month USD LIBOR + 4.500%, 7.0%, 8/21/2022 | 865,673 | 797,345 | ||||||||||
| Bass Pro Group LLC, Term Loan B, 1-month USD LIBOR + 5.000%, 7.493%, 9/25/2024 | 887,753 | 887,291 | ||||||||||
| Belron Finance U.S. LLC, Term Loan B, 3-month USD LIBOR + 2.250%, 4.989%, 11/7/2024 | 669,155 | 667,482 | ||||||||||
| BJ's Wholesale Club, Inc., First Lien Term Loan, 1-month USD LIBOR + 3.000%, 5.498%, 2/3/2024 | 663,333 | 662,471 | ||||||||||
| Caesars Entertainment Operating Co., Term Loan, 1-month USD LIBOR + 2.000%, 4.493%, 10/6/2024 | 1,587,970 | 1,576,060 | ||||||||||
| Caesars Resort Collection LLC, First Lien Term Loan B, 1-month USD LIBOR + 2.750%, 5.243%, 12/22/2024 | 1,592,662 | 1,590,178 | ||||||||||
| Capital Automotive LP, Second Lien Term Loan, 1-month USD LIBOR + 6.000%, 8.493%, 3/24/2025 | 432,519 | 433,600 | ||||||||||
| CDS U.S. Intermediate Holdings, Inc.: | ||||||||||||
| First Lien Term Loan, 1-month USD-LIBOR + 3.750%, 6.243%, 7/8/2022 | 42,831 | 40,494 | ||||||||||
| First Lien Term Loan, 3-month USD-LIBOR + 3.750%, 6.553%, 7/8/2022 | 36,363 | 34,378 | ||||||||||
| Crown Finance U.S., Inc., Term Loan, 1-month USD LIBOR + 2.500%, 4.993%, 2/28/2025 | 2,521,085 | 2,509,009 | ||||||||||
| Delta 2 (LUX) S.a.r.l., Term Loan, 1-month USD LIBOR + 2.500%, 4.993%, 2/1/2024 | 2,117,900 | 2,080,837 | ||||||||||
| Eldorado Resorts LLC: | ||||||||||||
| Term Loan B, 3-month USD-LIBOR + 2.250%, 4.813%, 4/17/2024 | 42,672 | 42,406 | ||||||||||
| Term Loan B, 2-month USD-LIBOR + 2.250%, 4.875%, 4/17/2024 | 328,481 | 326,428 | ||||||||||
| Fitness International LLC, Term Loan B, 1-month USD LIBOR + 3.250%, 5.743%, 4/18/2025 | 888,592 | 885,260 | ||||||||||
| Four Seasons Hotels Ltd., First Lien Term Loan, 1-month USD LIBOR + 2.000%, 4.493%, 11/30/2023 | 1,631,065 | 1,626,816 | ||||||||||
| Gray Television, Inc., Term Loan C, 1-month USD LIBOR + 2.500%, 4.982%, 1/2/2026 | 675,000 | 674,241 | ||||||||||
| Harbor Freight Tools U.S.A., Inc., Term Loan B, 1-month USD LIBOR + 2.000%, 4.993%, 8/18/2023 | 325,000 | 321,599 | ||||||||||
| ION Media Networks, Inc., Term Loan B3, 1-month USD LIBOR + 2.750%, 5.243%, 12/18/2020 | 1,186,827 | 1,186,335 | ||||||||||
| J. Crew Group, Inc.: | ||||||||||||
| Term Loan, 3-month USD-LIBOR + 3.220%, 5.964%, 3/5/2021 | 67,595 | 49,936 | ||||||||||
| Term Loan, 1-month USD-LIBOR + 3.220%, 6.023%, 3/5/2021 | 97,781 | 72,236 | ||||||||||
| Term Loan, 3-month USD-LIBOR + 3.220%, 6.023%, 3/5/2021 | 257,667 | 190,352 | ||||||||||
| J.C. Penney Corp., Inc., Term Loan B, 3-month USD LIBOR + 4.250%, 6.879%, 6/23/2023 | 414,474 | 366,498 | ||||||||||
| Jeld-Wen, Inc., First Lien Term Loan, 3-month USD LIBOR + 2.000%, 4.803%, 12/14/2024 | 887,422 | 876,329 | ||||||||||
| KAR Auction Services, Inc., Term Loan B5, 3-month USD LIBOR + 2.500%, 5.313%, 3/9/2023 | 939,095 | 939,095 | ||||||||||
| Lands' End, Inc., Term Loan B, 1-month USD LIBOR + 3.250%, 5.759%, 4/4/2021 | 280,000 | 267,576 | ||||||||||
| Midas Intermediate Holdco II LLC, Term Loan B, 3-month USD LIBOR + 2.750%, 5.563%, 8/18/2021 | 579,119 | 571,156 | ||||||||||
| Multi Color Corp., Term Loan B, 1-month USD LIBOR + 2.000%, 4.493%, 10/31/2024 | 397,818 | 397,259 | ||||||||||
| Neiman Marcus Group Ltd., LLC, Term Loan, 1-month USD LIBOR + 3.250%, 5.763%, 10/25/2020 | 1,130,148 | 1,041,245 | ||||||||||
| NEP/NCP Holdco, Inc., First Lien Term Loan, 1-month USD LIBOR + 3.250%, 5.743%, 10/20/2025 | 795,000 | 795,497 | ||||||||||
| Nielsen Finance LLC, Term Loan B4, 1-month USD LIBOR + 2.000%, 4.517%, 10/4/2023 | 1,672,972 | 1,665,661 | ||||||||||
| Numericable Group SA, Term Loan B11, 1-month USD LIBOR + 2.750%, 5.243%, 7/31/2025 | 1,310,000 | 1,261,203 | ||||||||||
| Penn National Gaming, Inc., First Lien Term Loan B, 3-month USD LIBOR + 2.250%, 4.841%, 10/15/2025 | 242,584 | 241,927 | ||||||||||
| Petco Animal Supplies, Inc., Term Loan B, 3-month USD LIBOR + 3.250%, 5.994%, 1/26/2023 | 792,697 | 623,369 | ||||||||||
| PetSmart, Inc., Term Loan B2, 1-month USD LIBOR + 3.000%, 5.52%, 3/11/2022 | 875,330 | 749,900 | ||||||||||
| Scientific Games International, Inc.: | ||||||||||||
| Term Loan B5, 1-month USD-LIBOR + 2.750%, 5.243%, 8/14/2024 | 251,752 | 249,955 | ||||||||||
| Term Loan B5, 2-month USD-LIBOR + 2.750%, 5.329%, 8/14/2024 | 1,035,301 | 1,027,909 | ||||||||||
| Serta Simmons Bedding LLC: | ||||||||||||
| First Lien Term Loan, 1-month USD-LIBOR + 3.500%, 5.994%, 11/8/2023 | 105,216 | 88,118 | ||||||||||
| First Lien Term Loan, 1-month USD-LIBOR + 3.500%, 6.012%, 11/8/2023 | 373,374 | 312,700 | ||||||||||
| Springer Nature Deutschland GmbH, Term Loan B13, 1-month USD LIBOR + 3.500%, 5.993%, 8/15/2022 | 935,206 | 935,323 | ||||||||||
| SRAM LLC: | ||||||||||||
| Term Loan B, 2-month USD-LIBOR + 2.750%, 5.329%, 3/15/2024 | 370,202 | 367,888 | ||||||||||
| Term Loan B, 2-month USD-LIBOR + 2.750%, 5.384%, 3/15/2024 | 368,360 | 366,058 | ||||||||||
| Term Loan B, Prime Rate + 1.750%, 7.25%, 3/15/2024 | 18,418 | 18,303 | ||||||||||
| Tenneco, Inc., Term Loan B, 1-month USD LIBOR + 2.750%, 5.243%, 10/1/2025 | 513,626 | 511,058 | ||||||||||
| The Stars Group Holdings BV, Term Loan, USD LIBOR 3.500%, 7/10/2025 (a) | 728,916 | 730,242 | ||||||||||
| Verscend Holding Corp., Term Loan B, 1-month USD LIBOR + 4.500%, 6.993%, 8/27/2025 | 768,842 | 771,245 | ||||||||||
| Wand NewCo 3, Inc., First Lien Term Loan, USD LIBOR 3.500%, 2/5/2026 (a) | 655,000 | 657,702 | ||||||||||
| William Morris Endeavor Entertainment LLC, First Lien Term Loan, 1-month USD LIBOR + 2.750%, 5.25%, 5/18/2025 | 574,293 | 559,456 | ||||||||||
| WMG Acquisition Corp., Term Loan F, 1-month USD LIBOR + 2.125%, 4.618%, 11/1/2023 | 1,427,335 | 1,415,195 | ||||||||||
| 43,803,947 | ||||||||||||
| Consumer Staples 5.3% | ||||||||||||
| Albertson's LLC: | ||||||||||||
| Term Loan B6, 1-month USD LIBOR + 3.000%, 5.479%, 6/22/2023 | 1,767,068 | 1,760,230 | ||||||||||
| Term Loan B5, 3-month USD LIBOR + 3.000%, 5.609%, 12/21/2022 | 300,000 | 299,532 | ||||||||||
| Energizer Holdings, Inc., Term Loan B, 1-month USD LIBOR + 2.250%, 4.739%, 12/17/2025 | 1,647,378 | 1,648,408 | ||||||||||
| Golden Nugget, Inc.: | ||||||||||||
| Term Loan B, 1-month USD-LIBOR + 2.750%, 5.239%, 10/4/2023 | 609,568 | 607,791 | ||||||||||
| Term Loan B, 1-month USD-LIBOR + 2.750%, 5.243%, 10/4/2023 | 767,763 | 765,525 | ||||||||||
| JBS USA LLC: | ||||||||||||
| Term Loan B, 1-month USD-LIBOR + 2.500%, 4.993%, 10/30/2022 | 577,147 | 576,654 | ||||||||||
| Term Loan B, 3-month USD-LIBOR + 2.500%, 5.301%, 10/30/2022 | 3,366,606 | 3,363,727 | ||||||||||
| TKC Holdings, Inc., First Lien Term Loan, 1-month USD LIBOR + 3.750%, 6.25%, 2/1/2023 | 779,244 | 773,154 | ||||||||||
| U.S. Foods, Inc., Term Loan B, 1-month USD LIBOR + 2.000%, 4.493%, 6/27/2023 | 2,443,609 | 2,433,835 | ||||||||||
| Weight Watchers International, Inc., Term Loan B, 3-month USD LIBOR + 4.750%, 7.56%, 11/29/2024 | 1,722,620 | 1,676,677 | ||||||||||
| 13,905,533 | ||||||||||||
| Energy 2.6% | ||||||||||||
| California Resources Corp., First Lien Term Loan, 1-month USD LIBOR + 4.750%, 7.243%, 12/31/2022 | 661,506 | 653,512 | ||||||||||
| Eastern Power LLC, Term Loan B, 1-month USD LIBOR + 3.750%, 6.243%, 10/2/2023 | 972,231 | 968,284 | ||||||||||
| Fieldwood Energy LLC, Second Lien Term Loan, 1-month USD LIBOR + 7.250%, 9.743%, 4/11/2023 | 500,000 | 409,165 | ||||||||||
| Gavilan Resources LLC, Second Lien Term Loan, 1-month USD LIBOR + 6.000%, 8.49%, 3/1/2024 | 485,000 | 388,609 | ||||||||||
| Gulf Finance LLC: | ||||||||||||
| Term Loan B, 1-month USD-LIBOR + 5.250%, 7.75%, 8/25/2023 | 216,845 | 175,102 | ||||||||||
| Term Loan B, 3-month USD-LIBOR + 5.250%, 8.06%, 8/25/2023 | 130,684 | 105,528 | ||||||||||
| HFOTCO LLC, Term Loan B, 1-month USD LIBOR + 2.750%, 5.25%, 6/26/2025 | 946,373 | 946,964 | ||||||||||
| Medallion Midland Acquisition LLC, First Lien Term Loan, 1-month USD LIBOR + 3.250%, 5.743%, 10/30/2024 | 130,148 | 126,976 | ||||||||||
| MEG Energy Corp., Term Loan B, 1-month USD LIBOR + 3.500%, 6.0%, 12/31/2023 | 337,157 | 336,736 | ||||||||||
| Murray Energy Corp., Term Loan B2, 3-month USD LIBOR + 7.250%, 9.879%, 10/17/2022 | 444,399 | 367,462 | ||||||||||
| NorthRiver Midstream Finance LP, Term Loan B, 3-month USD LIBOR + 3.250%, 6.047%, 10/1/2025 | 389,025 | 389,328 | ||||||||||
| Peabody Energy Corporation, Term Loan, 1-month USD LIBOR + 2.750%, 5.243%, 3/31/2025 | 956,769 | 956,171 | ||||||||||
| Seadrill Partners Finco LLC, Term Loan B, 3-month USD LIBOR + 6.000%, 8.803%, 2/21/2021 | 723,865 | 607,322 | ||||||||||
| Ultra Resources, Inc., First Lien Term Loan, 1-month USD LIBOR + 4.000%, 6.481%, 4/12/2024 | 480,000 | 432,401 | ||||||||||
| 6,863,560 | ||||||||||||
| Financials 5.8% | ||||||||||||
| AmWINS Group, Inc.: | ||||||||||||
| Term Loan B, 1-month USD-LIBOR + 2.750%, 5.243%, 1/25/2024 | 756,855 | 754,422 | ||||||||||
| Term Loan B, 1-month USD-LIBOR + 2.750%, 5.267%, 1/25/2024 | 223,145 | 222,428 | ||||||||||
| Asurion LLC: | ||||||||||||
| Term Loan B4, 1-month USD LIBOR + 3.000%, 5.493%, 8/4/2022 | 800,036 | 801,324 | ||||||||||
| Term Loan B6, 1-month USD LIBOR + 3.000%, 5.493%, 11/3/2023 | 1,121,513 | 1,122,915 | ||||||||||
| Second Lien Term Loan, 1-month USD LIBOR + 6.500%, 8.993%, 8/4/2025 | 1,080,000 | 1,100,698 | ||||||||||
| Avolon TLB Borrower 1 (U.S.) LLC, Term Loan B3, 1-month USD LIBOR + 2.000%, 4.48%, 1/15/2025 | 2,996,343 | 2,999,385 | ||||||||||
| Brand Energy & Infrastructure Services, Inc.: | ||||||||||||
| Term Loan, 2-month USD-LIBOR + 4.250%, 6.896%, 6/21/2024 | 542,421 | 531,320 | ||||||||||
| Term Loan, 3-month USD-LIBOR + 4.250%, 7.011%, 6/21/2024 | 598,759 | 586,506 | ||||||||||
| Deerfield Dakota Holding LLC, Term Loan B, 1-month USD LIBOR + 3.250%, 5.743%, 2/13/2025 | 530,000 | 521,610 | ||||||||||
| Edelman Financial Center LLC, First Lien Term Loan, 3-month USD-LIBOR + 3.250%, 6.037%, 7/21/2025 | 375,000 | 375,157 | ||||||||||
| Forterra Finance LLC, Term Loan B, 1-month USD LIBOR + 3.000%, 5.493%, 10/25/2023 | 303,775 | 283,486 | ||||||||||
| Hub International Ltd.: | ||||||||||||
| Term Loan B, 2-month USD LIBOR + 2.750%, 5.375%, 4/25/2025 | 3,386 | 3,359 | ||||||||||
| Term Loan B, 3-month USD LIBOR + 2.750%, 5.515%, 4/25/2025 | 1,344,128 | 1,333,664 | ||||||||||
| LPL Holdings, Inc., First Lien Term Loan B, 1-month USD LIBOR + 2.250%, 4.732%, 9/23/2024 | 1,065,265 | 1,059,273 | ||||||||||
| MGM Growth Properties Operating Partnership LP, Term Loan B, 1-month USD LIBOR + 2.000%, 4.493%, 3/21/2025 | 972,500 | 969,116 | ||||||||||
| SBA Senior Finance II LLC, Term Loan B, USD LIBOR + 2.000%, 4/11/2025 (a) | 1,080,000 | 1,071,349 | ||||||||||
| Sedgwick Claims Management Services, Inc., Term Loan B, 1-month USD LIBOR + 3.250%, 5.743%, 12/31/2025 | 770,000 | 767,532 | ||||||||||
| The Geo Group, Inc., Term Loan B, 1-month USD LIBOR + 2.000%, 4.5%, 3/22/2024 | 589,500 | 577,955 | ||||||||||
| 15,081,499 | ||||||||||||
| Health Care 7.6% | ||||||||||||
| Acadia Healthcare Co., Inc.: | ||||||||||||
| Term Loan B3, 1-month USD LIBOR + 2.500%, 4.993%, 2/11/2022 | 475,757 | 475,162 | ||||||||||
| Term Loan B4, 1-month USD LIBOR + 2.500%, 4.993%, 2/16/2023 | 1,872,339 | 1,869,998 | ||||||||||
| Community Health Systems, Inc., Term Loan H, 3-month USD LIBOR + 3.250%, 5.879%, 1/27/2021 | 339,585 | 338,396 | ||||||||||
| Endo Luxembourg Finance Company I S.a r.l., Term Loan B, 1-month USD LIBOR + 4.250%, 6.743%, 4/29/2024 | 1,126,423 | 1,130,061 | ||||||||||
| Envision Healthcare Corp., First Lien Term Loan, 1-month USD LIBOR + 3.750%, 6.243%, 10/10/2025 | 1,470,000 | 1,416,441 | ||||||||||
| Gentiva Health Services, Inc., First Lien Term Loan, 1-month USD LIBOR + 3.750%, 6.25%, 7/2/2025 | 1,489,629 | 1,495,215 | ||||||||||
| Grifols Worldwide Operations U.S.A., Inc., Term Loan, 1-week USD LIBOR + 2.250%, 4.667%, 1/31/2025 | 1,572,000 | 1,568,612 | ||||||||||
| HCA, Inc., Term Loan B10, 1-month USD LIBOR + 2.000%, 4.493%, 3/13/2025 | 911,797 | 913,023 | ||||||||||
| Horizon Pharma, Inc., Term Loan B, 1-month USD LIBOR + 3.000%, 5.5%, 3/29/2024 | 1,174,696 | 1,175,982 | ||||||||||
| IQVIA, Inc., Term Loan B2, 1-month USD LIBOR + 2.000%, 4.803%, 1/17/2025 | 1,456,353 | 1,455,902 | ||||||||||
| Mallinckrodt International Finance SA, Term Loan B, 3-month USD LIBOR + 2.750%, 5.553%, 9/24/2024 | 1,055,276 | 1,014,828 | ||||||||||
| MPH Acquisition Holdings LLC, Term Loan B, 3-month USD LIBOR + 2.750%, 5.553%, 6/7/2023 | 1,826,750 | 1,811,908 | ||||||||||
| Parexel International Corp., Term Loan B, 1-month USD LIBOR + 2.750%, 5.243%, 9/27/2024 | 1,079,574 | 1,050,674 | ||||||||||
| Valeant Pharmaceuticals International, Inc., Term Loan B, 1-month USD LIBOR + 3.000%, 5.512%, 6/2/2025 | 4,025,940 | 4,033,489 | ||||||||||
| 19,749,691 | ||||||||||||
| Industrials 16.6% | ||||||||||||
| Accudyne Industries LLC, Term Loan, 1-month USD LIBOR + 3.000%, 5.493%, 8/18/2024 | 1,805,486 | 1,806,443 | ||||||||||
| Advantage Sales & Marketing, Inc.: | ||||||||||||
| First Lien Term Loan, 1-month USD LIBOR + 3.250%, 5.743%, 7/23/2021 | 434,793 | 383,026 | ||||||||||
| Second Lien Term Loan, 1-month USD LIBOR + 6.500%, 8.993%, 7/25/2022 | 250,000 | 190,556 | ||||||||||
| Aleris International, Inc., Term Loan, 1-month USD LIBOR + 4.750%, 7.243%, 2/27/2023 | 497,500 | 499,987 | ||||||||||
| Altra Industrial Motion Corp., Term Loan B, 1-month USD LIBOR + 2.000%, 4.493%, 10/1/2025 | 860,298 | 852,771 | ||||||||||
| American Airlines, Inc., Term Loan, 1-month USD LIBOR + 2.000%, 4.489%, 12/14/2023 | 1,301,717 | 1,284,092 | ||||||||||
| Beacon Roofing Supply, Inc., Term Loan B, 1-month USD LIBOR + 2.250%, 4.767%, 1/2/2025 | 724,481 | 719,501 | ||||||||||
| BrightView Landscapes LLC: | ||||||||||||
| First Lien Term Loan B, 1-month USD-LIBOR + 2.500%, 4.993%, 8/15/2025 | 304,029 | 304,221 | ||||||||||
| First Lien Term Loan B, 1-month USD-LIBOR + 2.500%, 5.0%, 8/15/2025 | 360,854 | 361,081 | ||||||||||
| Camelot UK Holdco Ltd., Term Loan, 1-month USD LIBOR + 3.250%, 5.743%, 10/3/2023 | 1,674,199 | 1,671,370 | ||||||||||
| Clark Equipment Co., Term Loan B, 3-month USD LIBOR + 2.000%, 4.803%, 5/18/2024 | 541,708 | 536,426 | ||||||||||
| Coach America Holdings, Inc., Letter of Credit, 12-month USD-LIBOR + 5.75%, 4/20/2025 * (b) | 1,693,059 | 169 | ||||||||||
| Covia Holdings Corp., Term Loan, 3-month USD LIBOR + 3.750%, 6.553%, 6/1/2025 | 950,421 | 829,718 | ||||||||||
| Crossmark Holdings, Inc., Second Lien Term Loan, 3-month USD LIBOR + 7.500%, 10.303%, 12/21/2020 | 1,000,000 | 13,125 | ||||||||||
| DAE Aviation Holdings, Inc.: | ||||||||||||
| Term Loan, USD LIBOR + 6.000%, 1/23/2026 (a) | 265,574 | 266,687 | ||||||||||
| Term Loan B, USD LIBOR + 6.000%, 1/23/2026 (a) | 497,484 | 499,568 | ||||||||||
| DTZ U.S. Borrower LLC, Term Loan B, 1-month USD LIBOR + 3.250%, 5.743%, 8/21/2025 | 588,525 | 585,674 | ||||||||||
| EWT Holdings III Corp., Term Loan, 1-month USD LIBOR + 3.000%, 5.493%, 12/20/2024 | 1,764,256 | 1,766,461 | ||||||||||
| Filtration Group Corp., First Lien Term Loan, 1-month USD LIBOR + 3.000%, 5.493%, 3/29/2025 | 628,690 | 627,904 | ||||||||||
| Flexential Intermediate Corp., First Lien Term Loan, 3-month USD LIBOR + 3.500%, 6.303%, 8/1/2024 | 443,877 | 422,238 | ||||||||||
| Garda World Security Corp., Term Loan, 3-month USD LIBOR + 3.500%, 6.236%, 5/24/2024 | 1,253,638 | 1,247,370 | ||||||||||
| Gardner Denver, Inc., Term Loan B, 1-month USD LIBOR + 2.750%, 5.243%, 7/30/2024 | 1,840,430 | 1,842,473 | ||||||||||
| Gates Global LLC, Term Loan B, 1-month USD LIBOR + 2.750%, 5.243%, 4/1/2024 | 3,008,561 | 3,003,988 | ||||||||||
| Generac Power Systems, Inc., First Lien Term Loan, 1-month USD LIBOR + 1.750%, 4.259%, 5/31/2023 | 1,728,403 | 1,718,318 | ||||||||||
| GFL Environmental, Inc., Term Loan B, 1-month USD LIBOR + 3.000%, 5.493%, 5/30/2025 | 1,507,842 | 1,485,926 | ||||||||||
| H.B. Fuller Co., Term Loan B, 1-month USD LIBOR + 2.000%, 4.48%, 10/20/2024 | 1,542,324 | 1,529,646 | ||||||||||
| Infor (U.S.), Inc., Term Loan B6, 1-month USD LIBOR + 2.750%, 5.243%, 2/1/2022 | 889,142 | 890,373 | ||||||||||
| Kenan Advantage Group, Inc.: | ||||||||||||
| Term Loan, 1-month USD LIBOR + 3.000%, 5.493%, 7/31/2022 | 825,675 | 813,294 | ||||||||||
| Term Loan B, 1-month USD LIBOR + 3.000%, 5.493%, 7/31/2022 | 227,288 | 223,880 | ||||||||||
| NCI Building Systems, Inc., 3-month USD LIBOR +3.75%, 6.547%, 4/12/2025 | 395,000 | 387,119 | ||||||||||
| Prime Security Services Borrower LLC, First Lien Term Loan, 1-month USD LIBOR + 2.750%, 5.243%, 5/2/2022 | 1,007,443 | 1,006,254 | ||||||||||
| Quikrete Holdings, Inc., First Lien Term Loan, 1-month USD LIBOR + 2.750%, 5.243%, 11/15/2023 | 1,461,103 | 1,444,402 | ||||||||||
| Rexnord LLC, Term Loan B, 1-month USD LIBOR + 2.000%, 4.493%, 8/21/2024 | 1,080,349 | 1,078,474 | ||||||||||
| Sabre GLBL, Inc., Term Loan B, 1-month USD LIBOR + 2.000%, 4.493%, 2/22/2024 | 2,071,397 | 2,068,652 | ||||||||||
| SRS Distribution Inc., First Lien Term Loan, 1-month USD LIBOR + 3.250%, 5.743%, 5/23/2025 | 766,150 | 753,221 | ||||||||||
| Staples, Inc., Term Loan B, 1-month USD LIBOR + 4.000%, 6.509%, 9/12/2024 | 1,224,811 | 1,218,632 | ||||||||||
| Titan Acquisition Ltd., Term Loan B, 1-month USD LIBOR + 3.000%, 5.493%, 3/28/2025 | 555,000 | 535,159 | ||||||||||
| TransDigm, Inc., Term Loan E, 1-month USD LIBOR + 2.500%, 4.993%, 5/30/2025 | 4,254,301 | 4,201,122 | ||||||||||
| Travelport Finance (Luxembourg) S.a.r.l., Term Loan B, 3-month USD LIBOR + 2.500%, 5.184%, 3/17/2025 | 1,625,536 | 1,626,145 | ||||||||||
| Welbilt, Inc., Term Loan B, 1-month USD LIBOR + 2.500%, 4.993%, 10/23/2025 | 1,661,802 | 1,657,648 | ||||||||||
| XPO Logistics, Inc., Term Loan B, 1-month USD LIBOR + 2.000%, 4.493%, 2/24/2025 | 830,294 | 824,225 | ||||||||||
| 43,177,339 | ||||||||||||
| Information Technology 12.1% | ||||||||||||
| Almonde, Inc.: | ||||||||||||
| First Lien Term Loan, 3-month USD LIBOR + 3.500%, 6.303%, 6/13/2024 | 1,733,712 | 1,719,530 | ||||||||||
| Second Lien Term Loan, 3-month USD LIBOR + 7.250%, 10.053%, 6/13/2025 | 571,428 | 564,642 | ||||||||||
| Banff Merger Sub, Inc., Term Loan B, 3-month USD LIBOR + 4.250%, 7.053%, 10/2/2025 | 1,250,000 | 1,244,656 | ||||||||||
| Cabot Microelectronics Corp., Term Loan B, 1-month USD LIBOR + 2.250%, 4.75%, 11/14/2025 | 510,000 | 509,362 | ||||||||||
| Change Healthcare Holdings LLC, Term Loan B, 1-month USD LIBOR + 2.750%, 5.243%, 3/1/2024 | 3,341,779 | 3,321,678 | ||||||||||
| Cypress Intermediate Holdings III, Inc., First Lien Term Loan, 1-month USD LIBOR + 3.000%, 5.5%, 4/26/2024 | 1,721,275 | 1,705,319 | ||||||||||
| Dell International LLC, Term Loan B, 1-month USD LIBOR + 2.000%, 4.5%, 9/7/2023 | 2,905,225 | 2,899,472 | ||||||||||
| Diebold, Inc., Term Loan B, 1-month USD LIBOR + 2.750%, 5.553%, 11/6/2023 | 416,207 | 391,757 | ||||||||||
| Financial & Risk U.S. Holdings, Inc., Term Loan, 1-month USD LIBOR + 3.750%, 6.243%, 10/1/2025 | 1,230,000 | 1,213,198 | ||||||||||
| First Data Corp.: | ||||||||||||
| Term Loan, 1-month USD LIBOR + 2.000%, 4.49%, 7/8/2022 | 1,307,399 | 1,307,157 | ||||||||||
| Term Loan, 1-month USD LIBOR + 2.000%, 4.49%, 4/26/2024 | 2,553,293 | 2,552,935 | ||||||||||
| Kronos, Inc.: | ||||||||||||
| Term Loan B, 3-month USD LIBOR + 3.000%, 5.736%, 11/1/2023 | 2,356,218 | 2,350,328 | ||||||||||
| Second Lien Term Loan, 3-month USD LIBOR + 8.250%, 10.986%, 11/1/2024 | 500,000 | 511,160 | ||||||||||
| MA FinanceCo., LLC, Term Loan B3, 1-month USD LIBOR + 2.500%, 4.993%, 6/21/2024 | 140,457 | 139,228 | ||||||||||
| PSAV Holdings LLC: | ||||||||||||
| First Lien Term Loan, 1-month USD-LIBOR + 3.250%, 5.749%, 3/1/2025 | 194,730 | 191,890 | ||||||||||
| First Lien Term Loan, 3-month USD-LIBOR + 3.250%, 5.879%, 3/1/2025 | 101,069 | 99,595 | ||||||||||
| First Lien Term Loan, 3-month USD-LIBOR + 3.250%, 6.053%, 3/1/2025 | 108,578 | 106,995 | ||||||||||
| Riverbed Technology, Inc., Term Loan, 1-month USD LIBOR + 3.250%, 5.75%, 4/24/2022 | 417,163 | 380,922 | ||||||||||
| Rovi Solutions Corp., Term Loan B, 1-month USD LIBOR + 2.500%, 5.0%, 7/2/2021 | 417,164 | 413,123 | ||||||||||
| Science Applications International Corp., Term Loan B, 1-month USD LIBOR + 1.750%, 4.243%, 10/31/2025 | 399,000 | 396,091 | ||||||||||
| Seattle Spinco, Inc., Term Loan B3, 1-month USD LIBOR + 2.500%, 4.993%, 6/21/2024 | 948,543 | 940,243 | ||||||||||
| SS&C Technologies Holdings Europe S.a.r.l., Term Loan B4, 1-month USD LIBOR + 2.250%, 4.743%, 4/16/2025 | 349,162 | 348,043 | ||||||||||
| SS&C Technologies, Inc.: | ||||||||||||
| Term Loan B3, 1-month USD LIBOR + 2.250%, 4.743%, 4/16/2025 | 915,338 | 912,405 | ||||||||||
| Term Loan B5, 1-month USD LIBOR + 2.250%, 4.743%, 4/16/2025 | 752,104 | 749,987 | ||||||||||
| Tempo Acquisition LLC, Term Loan, 1-month USD LIBOR + 3.000%, 5.493%, 5/1/2024 | 2,457,550 | 2,459,357 | ||||||||||
| Verifone Systems, Inc., First Lien Term Loan, 3-month USD LIBOR + 4.000%, 6.683%, 8/20/2025 | 1,753,685 | 1,750,248 | ||||||||||
| Western Digital Corp., Term Loan B4, 1-month USD LIBOR + 1.750%, 4.231%, 4/29/2023 | 1,175,000 | 1,156,494 | ||||||||||
| Worldpay LLC: | ||||||||||||
| First Lien Term Loan B4, 1-week USD-LIBOR + 1.750%, 4.161%, 8/9/2024 | 437,156 | 434,808 | ||||||||||
| First Lien Term Loan B4, 1-month USD-LIBOR + 1.750%, 4.239%, 8/9/2024 | 831,935 | 827,468 | ||||||||||
| 31,598,091 | ||||||||||||
| Materials 9.7% | ||||||||||||
| Axalta Coating Systems U.S. Holdings, Inc., Term Loan B3, 3-month USD LIBOR + 1.750%, 4.553%, 6/1/2024 | 1,992,500 | 1,976,321 | ||||||||||
| Berry Global, Inc., Term Loan S, 1-month USD LIBOR + 1.750%, 4.267%, 2/8/2020 | 1,045,640 | 1,045,368 | ||||||||||
| BWAY Holding Co., Term Loan B, 3-month USD LIBOR + 3.250%, 6.033%, 4/3/2024 | 2,267,142 | 2,227,081 | ||||||||||
| Consolidated Container Co., LLC, First Lien Term Loan, 1-month USD LIBOR + 2.750%, 5.243%, 5/22/2024 | 829,521 | 825,203 | ||||||||||
| CPG International, Inc., Term Loan, 6-month USD LIBOR + 3.750%, 6.633%, 5/5/2024 (b) | 480,807 | 479,004 | ||||||||||
| Flex Acquisition Co., Inc., First Lien Term Loan, 1-month USD LIBOR + 3.000%, 5.509%, 12/29/2023 | 828,674 | 816,658 | ||||||||||
| Ineos U.S. Finance LLC, Term Loan B, 1-month USD LIBOR + 2.000%, 4.493%, 3/31/2024 | 1,627,669 | 1,609,358 | ||||||||||
| Minerals Technologies Inc.: | ||||||||||||
| Term Loan B, 1-month USD-LIBOR + 2.250%, 4.74%, 2/14/2024 | 723,644 | 721,835 | ||||||||||
| Term Loan B, 3-month USD-LIBOR + 2.250%, 5.08%, 2/14/2024 | 200,678 | 200,176 | ||||||||||
| New Arclin U.S. Holding Corp., Term Loan, 1-month USD LIBOR + 3.500%, 5.993%, 2/14/2024 | 993,801 | 986,661 | ||||||||||
| Proampac PG Borrower LLC: | ||||||||||||
| First Lien Term Loan, 1-month USD-LIBOR + 3.500%, 5.982%, 11/18/2023 | 337,105 | 332,050 | ||||||||||
| First Lien Term Loan, 3-month USD-LIBOR + 3.500%, 6.194%, 11/18/2023 | 202,767 | 199,727 | ||||||||||
| First Lien Term Loan, 3-month USD-LIBOR + 3.500%, 6.238%, 11/18/2023 | 230,152 | 226,701 | ||||||||||
| First Lien Term Loan, 3-month USD-LIBOR + 3.500%, 6.265%, 11/18/2023 | 150,640 | 148,381 | ||||||||||
| Reynolds Group Holdings, Inc., Term Loan, 1-month USD LIBOR + 2.750%, 5.243%, 2/5/2023 | 4,522,248 | 4,509,179 | ||||||||||
| Starfruit Finco BV, Term Loan B, 1-month USD LIBOR + 3.250%, 5.764%, 10/1/2025 | 1,520,000 | 1,514,308 | ||||||||||
| Tronox Blocked Borrower LLC, Term Loan B, 1-month USD LIBOR + 3.000%, 5.493%, 9/23/2024 | 1,161,243 | 1,160,000 | ||||||||||
| Tronox Finance LLC, Term Loan B, 1-month USD LIBOR + 3.000%, 5.493%, 9/23/2024 | 2,679,791 | 2,676,923 | ||||||||||
| U.S. Silica Co., Term Loan B, 1-month USD LIBOR + 4.000%, 6.5%, 5/1/2025 | 843,625 | 803,553 | ||||||||||
| Univar Inc., Term Loan B, 1-month USD LIBOR + 2.250%, 4.743%, 7/1/2024 | 2,756,996 | 2,756,569 | ||||||||||
| 25,215,056 | ||||||||||||
| Utilities 2.8% | ||||||||||||
| Astoria Energy LLC, Term Loan B, 1-month USD LIBOR + 4.000%, 6.5%, 12/24/2021 | 801,872 | 804,550 | ||||||||||
| Calpine Corp.: | ||||||||||||
| Term Loan B6, 3-month USD LIBOR + 2.500%, 5.31%, 1/15/2023 | 1,920,404 | 1,914,749 | ||||||||||
| Term Loan B5, 3-month USD LIBOR + 2.500%, 5.31%, 1/15/2024 | 653,680 | 650,957 | ||||||||||
| ExGen Renewables IV LLC, Term Loan B, 3-month USD LIBOR + 3.000%, 5.63%, 11/28/2024 | 305,362 | 285,324 | ||||||||||
| NRG Energy, Inc., Term Loan B, , 1-month USD-LIBOR + 1.750%, 4.243%, 6/30/2023 | 1,950,000 | 1,944,784 | ||||||||||
| Vistra Energy Corp.: | ||||||||||||
| First Lien Term Loan B3, 1-month USD-LIBOR + 2.000%, 4.481%, 12/31/2025 | 1,207,317 | 1,203,653 | ||||||||||
| First Lien Term Loan B3, 1-month USD-LIBOR + 2.000%, 4.493%, 12/31/2025 | 434,433 | 433,114 | ||||||||||
| 7,237,131 | ||||||||||||
| Total Loan Participations and Assignments (Cost $250,319,607) | 245,939,676 | |||||||||||
| Corporate Bonds 0.4% | ||||||||||||
| Communication Services 0.3% | ||||||||||||
| CommScope Finance LLC, 144A, 5.5%, 3/1/2024 | 730,000 | 743,103 | ||||||||||
| Materials 0.1% | ||||||||||||
| Hexion, Inc., 6.625%, 4/15/2020 | 250,000 | 213,125 | ||||||||||
| Total Corporate Bonds (Cost $967,656) | 956,228 | |||||||||||
| Shares | Value ($) | |||||||||||
| Common Stocks 0.0% | ||||||||||||
| Information Technology | ||||||||||||
| Answers Corp. (Cost $256,807) | 2,219 | 5,363 | ||||||||||
| Warrants 0.0% | ||||||||||||
| Information Technology | ||||||||||||
| Answers Holdings, Inc., Expiration Date 4/14/2022 * (b) (Cost $713,596) | 6,166 | 0 | ||||||||||
| Exchange-Traded Funds 3.6% | ||||||||||||
| Invesco Senior Loan ETF | 361,000 | 8,230,800 | ||||||||||
| iShares iBoxx $ High Yield Corporate Bond ETF | 15,500 | 1,329,125 | ||||||||||
| Total Exchange-Traded Funds (Cost $9,532,595) | 9,559,925 | |||||||||||
| Cash Equivalents 4.3% | ||||||||||||
| DWS Central Cash Management Government Fund, 2.42% (c) (Cost $11,136,924) | 11,136,924 | 11,136,924 | ||||||||||
| % of Net Assets |
Value ($) | |||||||||||
| Total Investment Portfolio (Cost $272,927,185) | 102.7 | 267,598,116 | ||||||||||
| Other Assets and Liabilities, Net | (2.7) | (7,146,727) | ||||||||||
| Net Assets | 100.0 | 260,451,389 | ||||||||||
| For information on the Fund's policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements. | |
| A summary of the Fund's transactions with affiliated investments during the period ended February 28, 2019 are as follows: | |
| Value ($) at 5/31/2018 |
Purchases Cost ($) |
Sales Proceeds ($) |
Net Realized Gain/ (Loss) ($) |
Net Change in Unrealized Appreci- ation (Deprecia- tion) ($) |
Income ($) | Capital Gain Distribu- tions ($) |
Number of Shares at 2/28/2019 | Value ($) at 2/28/2019 |
|||||||||
| Cash Equivalents 4.3% | |||||||||||||||||
| DWS Central Cash Management Government Fund, 2.42% (c) | |||||||||||||||||
| 13,798,885 | 128,582,225 | 131,244,186 | — | — | 193,218 | — | 11,136,924 | 11,136,924 | |||||||||
| The following table represents senior loans that are in default: |
| Security | Coupon | Maturity Date | Principal Amount ($) | Cost ($) | Value ($) | |||||||||||||
| Coach America Holdings, Inc. * | 12-month USD-LIBOR + 5.75% | 4/20/2025 | 1,693,059 | 1,677,575 | 169 | |||||||||||||
| iHeartCommunications, Inc. * | 6.75% | 1/30/2020 | 890,000 | 886,639 | 627,819 | |||||||||||||
| 2,564,214 | 627,988 | |||||||||||||||||
| * | Non-income producing security. |
| ** | Senior loans in the Fund's portfolio generally are subject to mandatory and/or optional payment. As a result, the actual remaining maturity of senior loans in the Fund's portfolio may be substantially less than the stated maturities shown in this report. Senior loans pay interest at a rate which may be fixed or may vary based on a published reference rate and spread and are shown at their current rate as of February 28, 2019. |
| (a) | All or a portion of the security represents unsettled loan commitments at February 28, 2019 where the rate will be determined at the time of settlement. |
| (b) | Investment was valued using significant unobservable inputs. |
| (c) | Affiliated fund managed by DWS Investment Management Americas, Inc. The rate shown is the annualized seven-day yield at period end. |
| 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. | |
| LIBOR: London Interbank Offered Rate | |
| Prime Rate: Interest rate charged by banks to their most credit worthy customers. | |
Fair Value Measurements
Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, and credit risk). Level 3 includes significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.
The following is a summary of the inputs used as of February 28, 2019 in valuing the Fund's investments.
| Assets | Level 1 | Level 2 | Level 3 | Total | ||||
| Fixed Income Investments (d) | ||||||||
| Loan Participations and Assignments | $ | — | $ | 245,460,503 | $ | 479,173 | $ | 245,939,676 |
| Corporate Bonds | — | 956,228 | — | 956,228 | ||||
| Common Stocks (d) | — | 5,363 | — | 5,363 | ||||
| Warrants | — | — | 0 | 0 | ||||
| Exchange-Traded Funds | 9,559,925 | — | — | 9,559,925 | ||||
| Short-Term Investments | 11,136,924 | — | — | 11,136,924 | ||||
| Total | $ | 20,696,849 | $ | 246,422,094 | $ | 479,173 | $ | 267,598,116 |
|
During the period ended February 28, 2019, the amount of transfers between Level 2 & Level 3 was $487,658. The investments were transferred from Level 2 to Level 3 due to the lack of observable market data due to a decrease in market activity
Transfers between price levels are recognized at the beginning
of the reporting period.
| |
| (d) | See Investment Portfolio for additional detailed categorizations. |
| ITEM 2. | 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 registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal controls over financial reporting. | |
| ITEM 3. | EXHIBITS |
| 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. |
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 Floating Rate Fund, a series of Deutsche DWS Portfolio Trust |
| By: |
/s/Hepsen Uzcan President |
| Date: | April 22, 2019 |
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 President |
| Date: | April 22, 2019 |
| By: |
Chief Financial Officer and Treasurer |
| Date: | April 22, 2019 |
| This ‘N-Q’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed on / Effective on: | 4/23/19 | None on these Dates | ||
| 4/22/19 | ||||
| For Period End: | 2/28/19 | |||
| List all Filings | ||||