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  811-6103

Investors Cash Trust

(Exact name of registrant as specified in charter)

 

345 Park Avenue

New York, NY  10154

(Address of principal executive offices)             (Zip code)

 

Paul Schubert

345 Park Avenue

New York, NY  10154-0004

(Name and address of agent for service)

Registrant's telephone number, including area code:  (212) 454-7190

Date of fiscal year end:  03/31

Date of reporting period: 6/30/09

 

ITEM 1.  SCHEDULE OF INVESTMENTS

 

| Investment Portfolio | **as of June 30, 2009  (Unaudited)** |
|----------------------|--------------------------------------|

 

**Investors Cash Trust-Treasury Portfolio**

 

|   | **Principal****Amount ($)** |   | **Value ($)** |  
 

**Government & Agency Obligations 56.1%**

 
**US Treasury Obligations**

 
US Treasury Bills:

 
 

0.155% *, 8/13/2009 

 

75,000,000 

 

74,986,115 

 
 

0.155% *, 8/20/2009 

 

45,975,000 

 

45,965,103 

 
 

0.16% *, 8/20/2009 

 

75,000,000 

 

74,983,333 

 
 

0.175% *, 7/30/2009 

 

95,150,000 

 

95,136,586 

 
 

0.2% *, 9/10/2009 

 

97,700,000 

 

97,661,463 

 
 

0.235% *, 10/29/2009 

 

861,000 

 

860,326 

 
 

0.29% *, 7/2/2009 

 

131,330,000 

 

131,328,942 

 
 

0.295% *, 10/8/2009 

 

88,000,000 

 

87,927,400 

 
 

0.3% *, 7/30/2009 

 

150,000,000 

 

149,963,750 

 
 

0.32% *, 7/23/2009 

 

50,000,000 

 

49,990,222 

 
 

0.345% *, 7/30/2009 

 

85,000,000 

 

84,976,377 

 
 

 

 

 

0.345% *, 12/24/2009 

 

100,000,000 

 

99,831,333 

 
 

0.4% *, 8/6/2009 

 

25,000,000 

 

24,990,000 

 
 

0.435% *, 4/1/2010 

 

50,000,000 

 

49,834,458 

 
 

0.5% *, 1/14/2010 

 

35,000,000 

 

34,904,236 

 
 

0.5% *, 4/1/2010 

 

63,420,000 

 

63,178,652 

 
 

0.53% *, 6/3/2010 

 

25,000,000 

 

24,875,965 

 
 

0.59% *, 12/17/2009 

 

50,000,000 

 

49,861,514 

 
 

0.6% *, 6/3/2010 

 

25,000,000 

 

24,859,583 

 
 

0.63% *, 11/19/2009 

 

90,000,000 

 

89,772,638 

 
 

0.705% *, 12/17/2009 

 

46,000,000 

 

45,847,759 

 
 

1.05% *, 7/30/2009 

 

39,305,000 

 

39,271,754 

 
 

1.33% *, 7/2/2009 

 

50,000,000 

 

49,998,153 

 
US Treasury Notes:

 
 

2.125%, 1/31/2010 

 

200,000,000 

 

202,041,112 

 
 

3.375%, 9/15/2009 

 

90,000,000 

 

90,592,504 

 
 

3.625%, 7/15/2009 

 

150,000,000 

 

150,198,047 

 
 

4.0%, 8/31/2009 

 

82,650,000 

 

83,130,832 

 
 

4.0%, 9/30/2009 

 

45,950,000 

 

46,377,364 

 
 

4.625%, 7/31/2009 

 

100,000,000 

 

100,345,501 

 
 

4.75%, 2/15/2010 

 

100,000,000 

 

102,732,705 

 
**Total Government & Agency Obligations** (Cost $2,266,423,727)

 

**2,266,423,727**

 
 

**Repurchase Agreements 39.3%**

 
BNP Paribas, 0.01%, dated 6/30/2009, to be repurchased at $337,470,844 on 7/1/2009 (a) 

 

337,470,750

 

337,470,750

 
Credit Suisse Securities (USA) LLC, 0.02%, dated 6/30/2009, to be repurchased at $650,000,361 on 7/1/2009 (b) 

 

650,000,000

 

650,000,000

 
JPMorgan Securities, Inc., 0.01%, dated 6/30/2009, to be repurchased at $600,000,167 on 7/1/2009 (c) 

 

600,000,000

 

600,000,000

 
**Total Repurchase Agreements** (Cost $1,587,470,750)

 

**1,587,470,750**

 
 

**Money Market Fund 4.4%**

 
AIM Short-Term Investments Trust Treasury Portfolio, 0.13% ** (Cost $180,000,000)

 

180,000,000

 

**180,000,000**

 
 

**% of****Net Assets**

 

**Value ($)**

 
**Total Investment Portfolio** (Cost $4,033,894,477) †

99.8

 

**4,033,894,477**

 
**Other Assets and Liabilities, Net**

0.2

 

**9,288,871**

 
**Net Assets**

100.0

 

**4,043,183,348**

 
*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.*

 
***

*Annualized yield at time of purchase; not a coupon rate.*

 
****

*The rate shown is the annualized seven-day yield at period end.*

 
*†*

*The cost for federal income tax purposes was $4,033,894,477.*

 
*(a)*

*Collateralized by:*

 
**Principal**

 

 

 

**Collateral**

 
**Amount ($)**

**Security**

**Rate (%)**

**Maturity Date**

**Value ($)**

 
45,823,500

US Treasury Bills

Zero Coupon

7/16/2009-11/27/2009

45,807,123

 
77,495,500

US Treasury Bonds

5.25-11.25

2/15/2015-2/15/2029

102,290,955

 
190,698,800

US Treasury Notes

0.875-4.75

11/15/2009-11/15/2015

196,122,119

 
**Total Collateral Value**

 

 

 

**344,220,197**

 
*(b)*

*Collateralized by $1,308,028,875 US Treasury STRIPS, with various maturities of 8/15/2009-8/15/2036 with a value of 663,002,886.*

 
*(c)*

*Collateralized by:*

 

 

 

**Principal**

 

 

 

**Collateral**

**Amount ($)**

**Security**

**Rate (%)**

**Maturity Date**

**Value ($)**

419,705,000

US Treasury 

Inflation-Indexed Bond

2.375

1/15/2025

487,789,846

439,638,000

US Treasury STRIPS

Zero Coupon

2/15/2038-5/15/2039

124,213,112

**Total Collateral Value**

 

 

 

**612,002,958**

*STRIPS: Separate Trading of Registered Interest and Principal Securities*

 
 

***Fair Value Measurements***

 

*Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, “Fair Value Measurements," as amended, establishes a three-tier hierarchy for measuring fair value and requires additional disclosure about the classification of 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 inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.  Securities held by a money market fund are reflected as Level 2 because the securities are valued at amortized cost (which approximates fair value) and, accordingly, the inputs used to determine value are not quoted prices in an active market.*

 

*The following is a summary of the inputs used as of June 30, 2009 in valuing the Fund’s investments.*

 

 

**Level 1**

**Level 2**

**Level 3**

**Assets**

 

 

 

Government & Agency Obligations

$                    —

$       2,266,423,727

$               —

Repurchase Agreements

—

1,587,470,750

—

Money Market Fund

—

180,000,000

—

**Total**

**$                   —**

**$   4,033,894,477**

**$              —**

 

 

 

 

 

 

**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:

Treasury Portfolio, a series of Investors Cash Trust

 

 

By:

/s/Michael G. Clark

Michael G. Clark

President

 

 

Date:

August 17, 2009

 

 

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.

 

Registrant:

Treasury Portfolio, a series of Investors Cash Trust

 

 

By:

/s/Michael G. Clark

Michael G. Clark

President

 

 

Date:

August 17, 2009

 

 

 

 

 

 

By:

/s/Paul Schubert

Paul Schubert

Chief Financial Officer and Treasurer

 

 

Date:

August 17, 2009

  |
|--------|-----------------------------|--------|---------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|