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  811-2719

DWS Strategic Government Securities Fund

(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:  10/31

Date of reporting period: 07/31/08

 

ITEM 1.  SCHEDULE OF INVESTMENTS

 

| Investment Portfolio | **as of July 31, 2008  (Unaudited)** |
|----------------------|--------------------------------------|

 

 

**DWS Strategic Government Securities Fund**

 

 

|   | **Principal****Amount ($)**                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | **Value ($)** |
|--------|-----------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------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|        |
|   | **Agencies Backed by the Full Faith and Credit of the US Government 84.0%** |  
Government National Mortgage Association:

 
 

5.0%, with various maturities from 5/20/2023 until 8/15/2038 (a) (e)

 

 

357,291,480 

 

346,120,729 

 

5.5%, with various maturities from 12/15/2028 until 3/15/2038 (a) (e)

 

 

558,049,152 

 

554,569,368

 

6.0%, with various maturities from 11/15/2023 until 8/15/2038 (a) (e)

 

 

539,844,210 

 

547,323,408

 

6.5%, with various maturities from 5/15/2009 until 3/15/2038 (a)

 

 

142,455,562 

 

147,497,196

 

7.0%, with various maturities from 1/15/2009 until 7/20/2038 (e)

 

 

56,533,505 

 

59,694,854

 

7.5%, with various maturities from 5/15/2009 until 1/15/2037 

 

 

28,835,508 

 

30,707,016

 

8.0%, 9/15/2014 

 

 

354 

 

366 

 

9.0%, with various maturities from 9/15/2017 until 7/15/2030 

 

 

2,121,476 

 

2,343,709 

 

9.5%, with various maturities from 6/15/2009 until 5/15/2025 

 

 

2,921,710 

 

3,245,031 

 

10.0%, with various maturities from 11/15/2009 until 8/15/2022 

 

 

1,798,270 

 

2,036,484 

 

 

 

 

10.5%, with various maturities from 9/15/2015 until 12/15/2021 

 

 

999,044 

 

1,145,950 

 

11.0%, 4/20/2019 

 

 

2,863 

 

3,313 

**Total Agencies Backed by the Full Faith and Credit of the US Government** (Cost $1,707,958,000)

 

**1,694,687,424**

 

**Agencies Not Backed by the Full Faith and Credit of the US Government 4.0%**

 
Federal Home Loan Mortgage Corp.:

 
 

4.5%, 4/1/2019 

 

 

20,074 

 

19,555 

 

5.0%, with various maturities from 1/1/2019 until 12/1/2019 

 

 

896,071 

 

889,083 

 

5.871% *, 11/1/2036 

 

 

10,142,808 

 

10,358,176 

 

5.874% *, 9/1/2036 

 

 

8,534,725 

 

8,709,743 

 

6.5%, with various maturities from 9/1/2032 until 7/1/2035 

 

 

3,066,787 

 

3,152,005 

 

7.0%,  6/1/2032   

 

 

5,565 

 

5,865 

 

8.0%, with various maturities from 2/1/2017 until 7/1/2030 

 

 

23,996 

 

25,488 

 

8.5%, with various maturities from 12/1/2016 until 7/1/2030 

 

 

9,222 

 

9,953 

 

10.25%, 3/1/2016 

 

 

13,903 

 

14,223 

Federal National Mortgage Association:

 
 

5.0%, 9/1/2034 

 

 

14,000,000 

 

13,289,063 

 

5.5%, with various maturities from 5/1/2025 until 4/1/2035 (e)

 

 

13,185,279 

 

12,923,251 

 

6.0%, 8/1/2035 

 

 

1,631,188 

 

1,628,065 

 

6.5%, with various maturities from 7/1/2035 until 1/1/2038 

 

 

10,391,320 

 

10,679,642 

 

8.0%, with various maturities from 9/1/2011 until 12/1/2024 

 

 

163,171 

 

175,073 

 

8.45% *, 2/27/2023 

 

 

18,000,000 

 

18,000,000 

 

8.5%, with various maturities from 7/1/2030 until 9/1/2030 

 

 

12,874 

 

13,965 

 

9.0%, with various maturities from 12/1/2016 until 4/1/2030 

 

 

33,971 

 

37,232 

 

11.5%, 5/1/2018 

 

 

976 

 

991 

**Total Agencies Not Backed by the Full Faith and Credit of the US Government** (Cost $79,582,992)

 

**79,931,373**

 

**Collateralized Mortgage Obligations 15.5%**

 
**Agencies Backed by the Full Faith and Credit of the US Government 7.8%**

 
Government National Mortgage Association:

 
 

"PO", Series 2004-68, Principal Only, Zero Coupon, 5/20/2031 

 

 

16,053,740 

 

13,254,956 

 

"1", Series 1, Principal Only, Zero Coupon, 7/20/2034 

 

 

6,330,650 

 

4,582,849 

 

"JO", Series 2006-22, Principal Only, Zero Coupon, 4/20/2036 

 

 

8,442,199 

 

6,131,530 

 

"OD", Series 2006-36, Principal Only, Zero Coupon, 7/16/2036 

 

 

1,429,558 

 

1,151,207 

 

"PO", Series 2006-60, Principal Only, Zero Coupon, 11/20/2036 

 

 

1,246,761 

 

870,775 

 

"FG", Series 2002-76, 2.859% *, 10/16/2029 

 

 

1,998,958 

 

1,969,381 

 

"SB", Series 2008-36, Interest Only, 3.811% **, 4/20/2038 

 

 

21,175,656 

 

1,512,547 

 

"SP", Series 2005-61, Interest Only, 3.819% **, 8/16/2035 

 

 

13,037,932 

 

1,032,531 

 

"NS", Series 2007-72,  Interest Only, 4.071% **, 11/20/2037 

 

 

6,299,678 

 

449,473 

 

"ZC", Series 2003-86, 4.5%, 10/20/2033 

 

 

1,547,273 

 

1,278,827 

 

"GS", Series 2006-16,  Interest Only, 4.531% **, 4/20/2036 

 

 

12,594,713 

 

1,266,078 

 

"KS", Series 2004-96,  Interest Only, 4.541% **, 7/20/2034 

 

 

11,031,189 

 

1,086,080 

 

"A1", Series 2008-36, Interest Only, 5.0%, 10/16/2022 

 

 

9,477,962 

 

1,305,396 

 

"GD", Series 2004-26, 5.0%, 11/16/2032 

 

 

20,000,000 

 

19,260,328 

 

"LG", Series 2003-70, 5.0%, 8/20/2033 

 

 

1,000,000 

 

923,701 

 

"KE", Series 2004-19, 5.0%, 3/16/2034 

 

 

4,500,000 

 

3,983,473 

 

"PH", Series 2004-80, 5.0%, 7/20/2034 

 

 

8,002,000 

 

7,387,891 

 

"LE", Series 2004-87, 5.0%, 10/20/2034 

 

 

6,741,000 

 

6,074,490 

 

"ZB", Series 2005-15, 5.0%, 2/16/2035 

 

 

10,672,848 

 

9,092,493 

 

"Z", Series 2005-25, 5.0%, 3/16/2035 

 

 

2,361,903 

 

2,080,663 

 

"ZA", Series 2006-47, 5.0%, 8/16/2036 

 

 

5,862,299 

 

5,010,873 

 

"CK", Series 2007-31, 5.0%, 5/16/2037 

 

 

7,412,000 

 

7,082,715 

 

"AI", Series 2008-40, Interest Only, 5.5%, 5/16/2023 

 

 

5,164,880 

 

815,478 

 

"TZ", Series 2003-85, 5.5%, 10/20/2033 

 

 

19,466,661 

 

17,422,709 

 

"PC", Series 2007-2, 5.5%, 6/20/2035 

 

 

10,000,000 

 

9,808,306 

 

 

 

 

"B", Series 2005-88, 5.5%, 11/20/2035 

 

 

11,000,000 

 

10,441,312 

 

"PD", Series 2005-91, 5.5%, 12/20/2035 

 

 

5,000,000 

 

4,658,856 

 

"ZA", Series 2007-30, 5.5%, 5/16/2037 

 

 

5,330,569 

 

4,714,237 

 

"SJ", Series 1999-43,  Interest Only, 5.539% **, 11/16/2029 

 

 

4,728,850 

 

524,596 

 

"S", Series 1999-15, Interest Only, 5.739% **, 5/16/2029 

 

 

4,445,785 

 

609,876 

 

"BZ", Series 2004-46, 6.0%, 6/20/2034 

 

 

2,553,683 

 

2,544,210 

 

"ZB", Series 1998-21, 6.5%, 9/20/2028 

 

 

3,011,215 

 

3,088,657 

 

"PB", Series 2001-53, 6.5%, 11/20/2031 

 

 

4,000,000 

 

4,166,237 

 

"IO", Series 2006-61, Interest Only, 6.5%, 11/20/2036 

 

 

10,629,834 

 

2,810,923 

 

**158,393,654**

**Agencies Not Backed by the Full Faith and Credit of the US Government 7.7%**

Fannie Mae Whole Loan, "3A", Series 2004-W8, 7.5%, 6/25/2044 

 

 

3,372,293 

 

3,638,314 

Federal Home Loan Mortgage Corp.:

 
 

"PO", Series 3147, Principal Only, Zero Coupon, 4/15/2036 

 

 

10,197,766 

 

8,320,898 

 

"MO", Series 3171, Principal Only, Zero Coupon, 6/15/2036 

 

 

8,576,312 

 

6,340,225 

 

"AO", Series 3236, Principal Only, Zero Coupon, 11/15/2036 

 

 

3,969,087 

 

2,750,363 

 

"FT", Series 3346, 2.807% *, 10/15/2033 

 

 

19,657,244 

 

19,014,373 

 

"FA", Series 3237, 2.807% *, 11/15/2036 

 

 

16,179,632 

 

15,511,431 

 

"FA", Series 2981, 2.857% *, 5/15/2035 

 

 

2,035,626 

 

1,928,037 

 

"JF", Series 2704, 3.007% *, 5/15/2023 

 

 

13,043,155 

 

12,773,831 

 

"SL", Series 2882, Interest Only, 4.742% **, 10/15/2034 

 

 

3,009,423 

 

287,543 

 

"GZ", Series 2906, 5.0%, 9/15/2034 

 

 

16,671,385 

 

14,041,357 

Federal National Mortgage Association:

 
 

"1", Series 17, Principal Only, Zero Coupon, 5/1/2017 

 

 

1,976 

 

1,760 

 

"FC", Series 2005-58, 2.711% *, 7/25/2035 

 

 

32,745,848 

 

31,806,117 

 

"F", Series 2004-29, 2.861% *, 5/25/2034 

 

 

872,986 

 

599,124 

 

"FA", Series 2005-87, 2.961% *, 10/25/2034 

 

 

6,908,057 

 

6,418,443 

 

"ZA", Series 2008-24, 5.0%, 4/25/2038 

 

 

12,709,639 

 

10,045,431 

 

"AN", Series 2007-108, 8.926% *, 11/25/2037 

 

 

19,831,201 

 

21,741,700 

 

**155,218,947**

**Total Collateralized Mortgage Obligations** (Cost $315,293,217)

 

**313,612,601**

 

**US Treasury Obligations 4.1%**

 
US Treasury Bill, 1.35% ***, 10/16/2008 (b) 

 

 

15,954,000

 

15,899,868

US Treasury Inflation-Indexed Note, 0.875%, 4/15/2010 

 

 

11,432,000 

 

11,494,522 

US Treasury Notes:

 
 

1.75%, 3/31/2010 (a) 

 

 

20,000,000 

 

19,796,880 

 

2.625%, 5/31/2010 (a) 

 

 

35,000,000 

 

35,103,915 

**Total US Treasury Obligations** (Cost $82,217,172)

 

**82,295,185**

 

**Shares**

 

**Value ($)**

 

**Securities Lending Collateral 29.1%**

 
Daily Assets Fund Institutional, 2.69% (c) (d)(Cost $586,604,524)

 

 

586,604,524

 

**586,604,524**

 

**Cash Equivalents 1.7%**

 
Cash Management QP Trust, 2.42% (c)(Cost $34,255,018)

 

 

34,255,018

 

**34,255,018**

 

 

 

 

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

 

**Value ($)**

**Total Investment Portfolio** (Cost $2,805,910,923) †

138.4

 

**2,791,386,125**

**Other Assets and Liabilities, Net**

(38.4)

 

**(774,974,546)**

**Net Assets**

100.0

 

**2,016,411,579**

*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.*

***

*Floating rate notes are securities whose yields vary with a designated market index or market rate, such as the coupon-equivalent of the US Treasury bill rate.  These securities are shown at their current rate as of July 31, 2008.*

****

*These securities are shown at their current rate as of July 31, 2008.*

*****

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

*†*

*The cost for federal income tax purposes was $2,806,032,914.  At July 31, 2008, net unrealized depreciation for all securities based on tax cost was $14,646,789.  This consisted of aggregate gross unrealized appreciation for all securities in which there was an excess of value over tax cost of $7,693,734 and aggregate gross unrealized depreciation for all securities in which there was an excess of tax cost over value of $22,340,523.*

*(a)*

*All or a portion of these securities were on loan.  The value of all securities loaned at July 31, 2008 amounted to $577,869,120 which is 28.7% of net assets.*

*(b)*

*At July 31, 2008, this security has been pledged, in whole or in part, to cover initial margin requirements for open futures contracts.*

*(c)*

*Affiliated fund managed by Deutsche Investment Management Americas Inc.  The rate shown is the annualized seven-day yield at period end.*

*(d)*

*Represents collateral held in connection with securities lending.  Income earned by the Fund is net of borrower rebates.*

*(e)*

*Mortgage dollar rolls included.*

*Interest Only: Interest Only (IO) bonds represent the "interest only" portion of payments on a pool of underlying mortgages or mortgage-backed securities. IO securities are subject to prepayment risk of the pool of underlying mortgages.*

*Principal Only: Principal Only (PO) bonds represent the “principal only” portion of payments on a pool of underlying mortgages or mortgage-backed securities.*

*At July 31, 2008, open futures contracts purchased were as follows:*

**Futures**

 

**Expiration****Date**

 

**Contracts**

 

**Aggregated****Face****Value ($)**

 

**Value ($)**

 

**Unrealized****Appreciation ($)**

 

10 Year Australian Treasury Bond 

 

9/15/2008 

 

305 

 

27,609,534 

 

28,284,979 

 

675,445

 
10 Year US Treasury Note 

 

9/19/2008 

 

1,787 

 

203,782,926 

 

205,197,869 

 

1,414,943

 
United Kingdom Treasury Bond 

 

9/26/2008 

 

847 

 

176,996,102 

 

180,244,558 

 

3,248,456

 
**Total unrealized appreciation**

**5,338,844**

 
 

 

 

 

 

 

 

*At July 31, 2008, open futures contracts sold were as follows:*

**Futures**

 

 

**Expiration****Date**

 

**Contracts**

 

**Aggregated****Face****Value ($)**

 

**Value ($)**

 

**Unrealized****Depreciation ($)**

 

10 Year Canadian Government Bond 

 

9/19/2008 

 

577 

 

66,052,857 

 

66,899,204 

 

(846,347)

 
 

 

 

10 Year Federal Republic of Germany Bond 

 

9/8/2008 

 

1,169 

 

203,178,981 

 

205,158,099 

 

(1,979,118)

10 Year Japanese Government Bond 

 

9/10/2008 

 

88 

 

109,633,321 

 

111,267,368 

 

(1,634,047)

10 Year US Treasury Note 

 

9/19/2008 

 

1,511 

 

173,009,363 

 

173,505,304 

 

(495,941)

**Total unrealized depreciation**

**(4,955,453)**

 

*At July 31, 2008, open written option contracts were as follows:*

 

**Written Options**

**Coupon Rate (%)**

**Number****of****Contracts**

 

**Expiration****Date**

 

**Strike****Price ($)**

 

**Value ($)**

 
**Call Options**

 
30-Year GNSF 

5.0

25,000,000 

 

8/13/2008 

 

96.6

 

171,875 

 
30-Year GNSF

5.0

25,000,000 

 

9/15/2008 

 

98.0

 

164,062 

 
30-Year GNSF

5.5

25,000,000 

 

9/15/2008 

 

100.4

 

132,813 

 
30-Year GNSF

6.0

25,000,000 

 

9/15/2008 

 

102.0

 

117,188 

 
**Total Call Options (Premiums received $773,438)**

 

 

 

 

 

 

**585,938**

 
**Put Options**

 
30-Year GNSF

5.0

25,000,000

 

9/15/2008

 

97.0

 

445,313

 
30-Year GNSF

5.5

25,000,000

 

9/15/2008 

 

99.4

 

375,000

 
30-Year GNSF

5.5

75,000,000 

 

10/15/2008 

 

98.4

 

1,195,313

 
30-Year GNSF

5.5

25,000,000 

 

10/15/2008 

 

98.0

 

320,313

 
30-Year GNSF

6.0

25,000,000

 

9/15/2008

 

101.0

 

242,187

 
30-Year GNSF

6.0

25,000,000 

 

10/15/2008 

 

98.4

 

141,602

 
30-Year GNSF

6.0

25,000,000 

 

8/13/2008 

 

101.0

 

160,157

 
**Total Put Options (Premiums received $2,638,672)**

 

 

 

 

 

 

**2,879,885**

 
**Total Written Options (Premiums received $3,412,110)**

 

 

 

 

 

 

**3,465,823**

 
 

*GNSF: Government National Single Family*

 

*As of July 31, 2008, the Fund had the following open  forward foreign currency exchange contracts:*

***Contracts to Deliver*****

***In Exchange For*****

***Settlement Date*****

***Unrealized***

***Appreciation ($)*****

 
*CAD***

*184,640***

*USD***

*180,119***

*8/5/2008***

*92***

 
*CHF***

*21,700,000***

*USD***

*20,890,091***

*9/17/2008***

*189,449***

 
*CHF***

*42,588,000***

*USD***

*41,813,612***

*9/17/2008***

*1,186,932***

 
*USD***

*29,685,818***

*EUR***

*19,254,000***

*9/17/2008***

*256,440***

 
*USD***

*110,132,978***

*NOK***

*573,947,000***

*9/17/2008***

*1,157,854***

 
*SEK***

*65,449,000***

*USD***

*10,793,041***

*9/17/2008***

*11,577***

 
*SEK***

*238,279,000***

*USD***

*39,724,422***

*9/17/2008***

*472,541***

 
*USD***

*186,539,102***

*SGD***

*254,929,000***

*9/17/2008***

*337,071***

 
***Total unrealized appreciation*****

 **

 **

***3,611,956*****

 
 

 

 

 

 

 

 

 
***Contracts to Deliver*****

***In Exchange For*****

***Settlement Date*****

***Unrealized Depreciation ($)*****

 
*AUD***

*66,389***

*USD***

*62,433***

*8/5/2008***

*(28)***

 
*USD***

*6,317,340***

*AUD***

*6,639,000***

*9/17/2008***

*(107,386)***

 
*AUD***

*55,647,000***

*USD***

*52,018,259***

*9/17/2008***

*(32,548)***

 
 

 

 

*USD***

*8,234,068***

*CAD***

*8,378,000***

*9/17/2008***

*(69,989)***

*USD***

*25,204,695***

*CAD***

*25,704,000***

*9/17/2008***

*(157,011)***

*USD***

*29,967,645***

*GBP***

*15,122,000***

*9/17/2008***

*(125,069)***

*GBP***

*11,030,000***

*USD***

*21,458,865***

*9/17/2008***

*(308,336)***

*USD***

*15,872,369***

*JPY***

*1,693,804,000***

*9/17/2008***

*(159,009)***

*USD***

*19,866,326***

*JPY***

*2,106,069,000***

*9/17/2008***

*(328,399)***

*USD***

*13,925,797***

*NOK***

*71,071,000***

*9/17/2008***

*(144,819)***

*USD***

*16,022,340***

*SGD***

*21,688,000***

*9/17/2008***

*(123,912)***

***Total unrealized depreciation*****

 **

 **

***(1,556,506)*****

 

***Currency Abbreviations*****

 

 

*AUD***

*Australian Dollar***

*JPY***

*Japanese Yen***

 
*CAD***

*Canadian Dollar***

*NOK***

*Norwegian Krone***

 
*CHF***

*Swiss Franc***

*SEK***

*Swedish Krona***

 
*EUR***

*Euro***

*SGD***

*Singapore Dollar***

 
*GBP***

*British Pound***

*USD***

*United States Dollar***

 
 

*Included in the portfolio are investments in mortgage or asset-backed securities which are interests in separate pools of mortgages or assets.  Effective maturities of these investments may be shorter than stated maturities due to prepayments.  Some separate investments in the Federal Home Loan Mortgage Corp., Federal National Mortgage Association, and Government National Mortgage Association issues which have similar coupon rates have been aggregated for presentation purposes in this investment portfolio.*

 

**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 Strategic Government Securities Fund

 

By:

/s/Michael G. Clark

 

Michael G. Clark

President

 

Date:

September 16, 2008

 

 

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: 

DWS Strategic Government Securities Fund

 

By:

/s/Michael G. Clark

 

Michael G. Clark

President

 

Date:

September 16, 2008

 

 

By:

/s/Paul Schubert

 

Paul Schubert

Chief Financial Officer and Treasurer

 

Date:                                        September 16, 2008

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