# EDGAR Filing Document

**Accession Number:** 0000095603
**File Stem:** 0001752724-23-047662
**Filing Date:** 2023-2
**Character Count:** 101545
**Document Hash:** cb7dbbd8cbe7fca6686708130c1251cc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-047662.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-047662

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DEUTSCHE DWS MARKET TRUST
- **CENTRAL INDEX KEY:** 0000095603
- **IRS NUMBER:** 366103490
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01236
- **FILM NUMBER:** 23685709

**BUSINESS ADDRESS:**
- **STREET 1:** 875 THIRD AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022-6225
- **BUSINESS PHONE:** 212-454-4500

**MAIL ADDRESS:**
- **STREET 1:** 875 THIRD AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022-6225

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DEUTSCHE MARKET TRUST
- **DATE OF NAME CHANGE:** 20140811

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DWS MARKET TRUST
- **DATE OF NAME CHANGE:** 20110203

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DWS BALANCED FUND
- **DATE OF NAME CHANGE:** 20060207

## Series and Classes Contracts Data

### DWS RREEF Real Assets Fund (Series ID: S000032019)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000099688 | Class A             | AAAAX           |
| C000099689 | Class C             | AAAPX           |
| C000099690 | Class S             | AAASX           |
| C000099691 | Institutional Class | AAAZX           |
| C000101767 | Class R             | AAAQX           |
| C000151995 | Class R6            | AAAVX           |

## Nport-Ex

Consolidated Investment Portfolio**as of December 31, 2022 (Unaudited)** 

**DWS RREEF Real Assets Fund** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value ($)** |
| **Common Stocks 73.9%** |  |  |
| **Communication Services 1.8%** | **Communication Services 1.8%** |  |
| **Diversified Telecommunication Services**  | **Diversified Telecommunication Services**  |  |
| Cellnex Telecom SA 144A  | 2352856 | 78238585 |
| China Tower Corp. Ltd. "H" 144A  | 213672000 | 22929366 |
|  |  | **101167951** |
| **Consumer Staples 0.6%** | **Consumer Staples 0.6%** |  |
| **Food Products**  | **Food Products**  |  |
| Bunge Ltd.  | 197026 | 19657284 |
| Darling Ingredients, Inc.\*  | 278090 | 17405653 |
|  |  | **37062937** |
| **Energy 10.7%** | **Energy 10.7%** |  |
| **Energy Equipment & Services 0.2%** | **Energy Equipment & Services 0.2%** |  |
| Halliburton Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 296000 | **11647600** |
| **Oil, Gas & Consumable Fuels 10.5%** | **Oil, Gas & Consumable Fuels 10.5%** |  |
| BP PLC  | &nbsp;&nbsp;&nbsp; 3686100 | &nbsp;&nbsp;&nbsp;&nbsp; 21168097 |
| Canadian Natural Resources Ltd.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 237335 | &nbsp;&nbsp;&nbsp;&nbsp; 13179630 |
| Cheniere Energy, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 307022 | &nbsp;&nbsp;&nbsp;&nbsp; 46041019 |
| Chevron Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 171820 | &nbsp;&nbsp;&nbsp;&nbsp; 30839972 |
| ConocoPhillips  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 160280 | &nbsp;&nbsp;&nbsp;&nbsp; 18913040 |
| Enbridge, Inc.  | &nbsp;&nbsp;&nbsp; 3327190 | &nbsp;&nbsp; 130040543 |
| Gazprom PJSC (ADR)\* (a) | &nbsp;&nbsp;&nbsp; 1013306 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 |
| Gibson Energy, Inc.  | &nbsp;&nbsp;&nbsp; 1162486 | &nbsp;&nbsp;&nbsp;&nbsp; 20296284 |
| LUKOIL PJSC (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91202 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 |
| Marathon Petroleum Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 175836 | &nbsp;&nbsp;&nbsp;&nbsp; 20465552 |
| Neste Oyj  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 178200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8230843 |
| ONEOK, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 878600 | &nbsp;&nbsp;&nbsp;&nbsp; 57724020 |
| Pembina Pipeline Corp.  | &nbsp;&nbsp;&nbsp; 1392300 | &nbsp;&nbsp;&nbsp;&nbsp; 47260050 |
| Shell PLC  | &nbsp;&nbsp;&nbsp; 1147864 | &nbsp;&nbsp;&nbsp;&nbsp; 32435594 |
| Williams Companies, Inc.  | &nbsp;&nbsp;&nbsp; 4353083 | &nbsp;&nbsp; 143216431 |
|  |  | **589811075** |
| **Industrials 6.5%** | **Industrials 6.5%** |  |
| **Commercial Services & Supplies 1.6%** | **Commercial Services & Supplies 1.6%** |  |
| Republic Services, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 351525 | &nbsp;&nbsp;&nbsp;&nbsp; 45343210 |
| Waste Connections, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 318152 | &nbsp;&nbsp;&nbsp;&nbsp; 42174229 |
|  |  | **87517439** |
| **Construction & Engineering 1.5%** | **Construction & Engineering 1.5%** |  |
| Ferrovial SA  | &nbsp;&nbsp;&nbsp; 1933185 | &nbsp;&nbsp;&nbsp;&nbsp; 50758981 |
| Vinci SA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 342871 | &nbsp;&nbsp;&nbsp;&nbsp; 34289203 |
|  |  | **85048184** |
| **Road & Rail 1.6%** | **Road & Rail 1.6%** |  |
| Canadian National Railway Co.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 427025 | &nbsp;&nbsp;&nbsp;&nbsp; 50725776 |

---

------

---

| | | |
|:---|:---|:---|
| Canadian Pacific Railway Ltd.  | 353300 | 26340942 |
| East Japan Railway Co.  | 262000 | 14927450 |
|  |  | **91994168** |
| **Transportation Infrastructure 1.8%** | **Transportation Infrastructure 1.8%** |  |
| Getlink SE  | 785745 | 12617557 |
| Grupo Aeroportuario del Pacifico SAB de CV (ADR)  | 187190 | 26919794 |
| Japan Airport Terminal Co., Ltd.\*  | 277542 | 13668571 |
| Transurban Group (Units)  | 5260279 | 46472030 |
|  |  | **99677952** |
| **Materials 6.7%** | **Materials 6.7%** |  |
| **Chemicals 2.1%** | **Chemicals 2.1%** |  |
| CF Industries Holdings, Inc.  | 162600 | 13853520 |
| Corteva, Inc.  | 474838 | 27910977 |
| Nutrien Ltd.  | 786183 | 57396004 |
| Sociedad Quimica y Minera de Chile SA (ADR)  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 255600 | &nbsp;&nbsp;&nbsp;&nbsp; 20407104 |
|  |  | **119567605** |
| **Containers & Packaging 0.6%** | **Containers & Packaging 0.6%** |  |
| SIG Group AG  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 835100 | &nbsp;&nbsp;&nbsp;&nbsp; 18292355 |
| Silgan Holdings, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 284000 | &nbsp;&nbsp;&nbsp;&nbsp; 14722560 |
|  |  | **33014915** |
| **Metals & Mining 3.4%** | **Metals & Mining 3.4%** |  |
| Agnico Eagle Mines Ltd.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 382498 | &nbsp;&nbsp;&nbsp;&nbsp; 19876336 |
| Endeavour Mining PLC  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 702090 | &nbsp;&nbsp;&nbsp;&nbsp; 15027008 |
| First Quantum Minerals Ltd.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 515418 | &nbsp;&nbsp;&nbsp;&nbsp; 10768962 |
| Glencore PLC  | &nbsp;&nbsp;&nbsp; 7086392 | &nbsp;&nbsp;&nbsp;&nbsp; 47826361 |
| Norsk Hydro ASA  | &nbsp;&nbsp;&nbsp; 2578786 | &nbsp;&nbsp;&nbsp;&nbsp; 19390946 |
| Rio Tinto Ltd.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 293232 | &nbsp;&nbsp;&nbsp;&nbsp; 23301200 |
| Sumitomo Metal Mining Co., Ltd.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 180000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6352495 |
| Teck Resources Ltd. "B"  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 721726 | &nbsp;&nbsp;&nbsp;&nbsp; 27275273 |
| Vale SA (ADR)  | &nbsp;&nbsp;&nbsp; 1194091 | &nbsp;&nbsp;&nbsp;&nbsp; 20263724 |
|  |  | **190082305** |
| **Paper & Forest Products 0.6%** | **Paper & Forest Products 0.6%** |  |
| Mondi PLC  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 765200 | &nbsp;&nbsp;&nbsp;&nbsp; 13138938 |
| Svenska Cellulosa AB SCA "B"  | &nbsp;&nbsp;&nbsp; 1542200 | &nbsp;&nbsp;&nbsp;&nbsp; 19528714 |
|  |  | **32667652** |
| **Real Estate 30.9%** | **Real Estate 30.9%** |  |
| **Equity Real Estate Investment Trusts (REITs) 25.8%** | **Equity Real Estate Investment Trusts (REITs) 25.8%** |  |
| Activia Properties, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8120 | &nbsp;&nbsp;&nbsp;&nbsp; 25499935 |
| Agree Realty Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 756422 | &nbsp;&nbsp;&nbsp;&nbsp; 53653012 |
| American Homes 4 Rent "A"  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 352809 | &nbsp;&nbsp;&nbsp;&nbsp; 10633663 |
| American Tower Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 767421 | &nbsp;&nbsp; 162585813 |
| Apartment Income REIT Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21822 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 748713 |
| AvalonBay Communities, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 263540 | &nbsp;&nbsp;&nbsp;&nbsp; 42566981 |
| Big Yellow Group PLC  | &nbsp;&nbsp;&nbsp; 1245066 | &nbsp;&nbsp;&nbsp;&nbsp; 17325297 |
| British Land Co. PLC  | &nbsp;&nbsp;&nbsp; 4029553 | &nbsp;&nbsp;&nbsp;&nbsp; 19335964 |
| CapitaLand Integrated Commercial Trust  | &nbsp;&nbsp; 26844440 | &nbsp;&nbsp;&nbsp;&nbsp; 41016056 |
| Crown Castle, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 772430 | &nbsp;&nbsp; 104772405 |
| Dexus  | &nbsp;&nbsp;&nbsp; 1695400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8949488 |
| EastGroup Properties, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 220273 | &nbsp;&nbsp;&nbsp;&nbsp; 32613620 |
| Equinix, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 126464 | &nbsp;&nbsp;&nbsp;&nbsp; 82837714 |
| Equity LifeStyle Properties, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 305410 | &nbsp;&nbsp;&nbsp;&nbsp; 19729486 |
| Frasers Logistics & Commercial Trust  | &nbsp;&nbsp; 35434500 | &nbsp;&nbsp;&nbsp;&nbsp; 30701452 |
| Granite Real Estate Investment Trust  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 372997 | &nbsp;&nbsp;&nbsp;&nbsp; 19030009 |

---

------

---

| | | |
|:---|:---|:---|
| Hulic Reit, Inc.  | 16955 | 21149089 |
| Industrial & Infrastructure Fund Investment Corp.  | 13200 | 15251814 |
| Iron Mountain, Inc.  | 450975 | 22481104 |
| Kenedix Retail REIT Corp.  | 10195 | 19744127 |
| Kite Realty Group Trust  | 1326929 | 27931855 |
| Klepierre SA  | 629000 | 14572181 |
| Life Storage, Inc.  | 94656 | 9323616 |
| Link REIT  | 6434568 | 47123048 |
| Mid-America Apartment Communities, Inc.  | 181644 | 28516292 |
| Mori Trust Sogo Reit, Inc.  | 11650 | 13025095 |
| Prologis, Inc.  | 606551 | 68376494 |
| Public Storage  | 175280 | 49111703 |
| Region RE Ltd.  | 5614000 | 10357851 |
| Rexford Industrial Realty, Inc.  | 318176 | 17385137 |
| RioCan Real Estate Investment Trust  | &nbsp;&nbsp;&nbsp; 1669300 | &nbsp;&nbsp;&nbsp;&nbsp; 26050450 |
| Ryman Hospitality Properties, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 347493 | &nbsp;&nbsp;&nbsp;&nbsp; 28417978 |
| Sabra Health Care REIT, Inc.  | &nbsp;&nbsp;&nbsp; 1848844 | &nbsp;&nbsp;&nbsp;&nbsp; 22981131 |
| SBA Communications Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 460396 | &nbsp;&nbsp; 129053603 |
| Segro PLC  | &nbsp;&nbsp;&nbsp; 2169898 | &nbsp;&nbsp;&nbsp;&nbsp; 20082425 |
| Simon Property Group, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 163163 | &nbsp;&nbsp;&nbsp;&nbsp; 19168389 |
| Stockland  | &nbsp;&nbsp;&nbsp; 3800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9398068 |
| UNITE Group PLC  | &nbsp;&nbsp;&nbsp; 1833891 | &nbsp;&nbsp;&nbsp;&nbsp; 20297875 |
| Ventas, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 854504 | &nbsp;&nbsp;&nbsp;&nbsp; 38495405 |
| VICI Properties, Inc.  | &nbsp;&nbsp;&nbsp; 1741674 | &nbsp;&nbsp;&nbsp;&nbsp; 56430238 |
| Weyerhaeuser Co.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 409242 | &nbsp;&nbsp;&nbsp;&nbsp; 12686502 |
| WP Carey, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 465307 | &nbsp;&nbsp;&nbsp;&nbsp; 36363742 |
|  |  | **1455774820** |
| **Real Estate Management & Development 5.1%** | **Real Estate Management & Development 5.1%** |  |
| Capitaland Investment Ltd.  | &nbsp;&nbsp; 16730200 | &nbsp;&nbsp;&nbsp;&nbsp; 46201920 |
| Castellum AB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 891526 | &nbsp;&nbsp;&nbsp;&nbsp; 10824564 |
| CK Asset Holdings Ltd.  | &nbsp;&nbsp;&nbsp; 5704363 | &nbsp;&nbsp;&nbsp;&nbsp; 35037986 |
| CTP NV 144A  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 910700 | &nbsp;&nbsp;&nbsp;&nbsp; 10795100 |
| Fastighets AB Balder "B"\*  | &nbsp;&nbsp;&nbsp; 2746440 | &nbsp;&nbsp;&nbsp;&nbsp; 12799420 |
| Mitsui Fudosan Co., Ltd.  | &nbsp;&nbsp;&nbsp; 2437700 | &nbsp;&nbsp;&nbsp;&nbsp; 44415808 |
| PSP Swiss Property AG  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 259500 | &nbsp;&nbsp;&nbsp;&nbsp; 30511284 |
| Sun Hung Kai Properties Ltd.  | &nbsp;&nbsp;&nbsp; 3033100 | &nbsp;&nbsp;&nbsp;&nbsp; 41450841 |
| Tokyu Fudosan Holdings Corp.  | &nbsp;&nbsp;&nbsp; 5089300 | &nbsp;&nbsp;&nbsp;&nbsp; 24150863 |
| Vonovia SE  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 495184 | &nbsp;&nbsp;&nbsp;&nbsp; 11692941 |
| Wharf Real Estate Investment Co., Ltd.  | &nbsp;&nbsp;&nbsp; 3206000 | &nbsp;&nbsp;&nbsp;&nbsp; 18621629 |
|  |  | **286502356** |
| **Utilities 16.7%** | **Utilities 16.7%** |  |
| **Electric Utilities 3.9%** | **Electric Utilities 3.9%** |  |
| Exelon Corp.  | &nbsp;&nbsp;&nbsp; 1331606 | &nbsp;&nbsp;&nbsp;&nbsp; 57565328 |
| Orsted AS 144A  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 353482 | &nbsp;&nbsp;&nbsp;&nbsp; 32204820 |
| SSE PLC  | &nbsp;&nbsp;&nbsp; 1092500 | &nbsp;&nbsp;&nbsp;&nbsp; 22697304 |
| Terna - Rete Elettrica Nazionale  | &nbsp;&nbsp;&nbsp; 9220449 | &nbsp;&nbsp;&nbsp;&nbsp; 68109706 |
| Xcel Energy, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 557300 | &nbsp;&nbsp;&nbsp;&nbsp; 39072303 |
|  |  | **219649461** |
| **Gas Utilities 3.4%** | **Gas Utilities 3.4%** |  |
| APA Group (Units)  | &nbsp;&nbsp;&nbsp; 3607017 | &nbsp;&nbsp;&nbsp;&nbsp; 26343796 |
| Atmos Energy Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 607690 | &nbsp;&nbsp;&nbsp;&nbsp; 68103818 |
| China Resources Gas Group Ltd.  | &nbsp;&nbsp;&nbsp; 8671200 | &nbsp;&nbsp;&nbsp;&nbsp; 32312097 |
| ENN Energy Holdings Ltd.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 336900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4690892 |
| Hong Kong & China Gas Co., Ltd.  | &nbsp;&nbsp; 17762850 | &nbsp;&nbsp;&nbsp;&nbsp; 16877408 |

---

------

---

| | | |
|:---|:---|:---|
| Toho Gas Co., Ltd.  | 609700 | 11613821 |
| Tokyo Gas Co., Ltd.  | 1651500 | 32478093 |
|  |  | **192419925** |
| **Independent Power & Renewable Electricity Producers 0.7%** | **Independent Power & Renewable Electricity Producers 0.7%** |  |
| RWE AG | 887100 | **39655019** |
| **Multi-Utilities 7.7%** | **Multi-Utilities 7.7%** |  |
| Ameren Corp.  | 877363 | 78015118 |
| CenterPoint Energy, Inc.  | 2761514 | 82817805 |
| Consolidated Edison, Inc.  | 42610 | 4061159 |
| National Grid PLC  | 8285538 | 99730837 |
| NiSource, Inc.  | 1392110 | 38171656 |
| Sempra Energy  | 832910 | 128717911 |
|  |  | **431514486** |
| **Water Utilities 1.0%** | **Water Utilities 1.0%** |  |
| American Water Works Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 382579 | **58312691** |
| **Total Common Stocks** (Cost $4,251,973,692) |  | **4163088541** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Principal** <br>**Amount ($)**<br>| **Value ($)** |
| **Government & Agency Obligations 23.6%** | **Government & Agency Obligations 23.6%** |  |
| **U.S. Treasury Obligations**  | **U.S. Treasury Obligations**  |  |
| U.S. Treasury Inflation-Indexed Bonds: |  |  |
| &nbsp;&nbsp;&nbsp; 0.875% , 2/15/2047  | 51572567 | 42239327 |
| &nbsp;&nbsp;&nbsp; 1.375% , 2/15/2044  | 70602217 | 65515532 |
| U.S. Treasury Inflation-Indexed Notes: |  |  |
| &nbsp;&nbsp;&nbsp; 0.125% , 7/15/2031  | 66265414 | 58549653 |
| &nbsp;&nbsp;&nbsp; 0.25% , 1/15/2025  | 89800615 | 86138352 |
| &nbsp;&nbsp;&nbsp; 0.25% , 7/15/2029  | 67193878 | 61512511 |
| &nbsp;&nbsp;&nbsp; 0.375% , 7/15/2025  | 26478687 | 25429562 |
| &nbsp;&nbsp;&nbsp; 0.375% , 1/15/2027  | 95924635 | 90454045 |
| &nbsp;&nbsp;&nbsp; 0.375% , 7/15/2027  | 73438634 | 69210487 |
| &nbsp;&nbsp;&nbsp; 0.5% , 4/15/2024  | &nbsp;&nbsp; 49443510 | &nbsp;&nbsp;&nbsp;&nbsp; 48080513 |
| &nbsp;&nbsp;&nbsp; 0.625% , 1/15/2026  | &nbsp;&nbsp; 91291228 | &nbsp;&nbsp;&nbsp;&nbsp; 87628728 |
| &nbsp;&nbsp;&nbsp; 0.875% , 1/15/2029  | &nbsp;&nbsp; 55818256 | &nbsp;&nbsp;&nbsp;&nbsp; 53175487 |
| U.S. Treasury Notes: |  |  |
| &nbsp;&nbsp;&nbsp; 0.125% , 1/31/2023  | &nbsp;&nbsp; 50000000 | &nbsp;&nbsp;&nbsp;&nbsp; 49849317 |
| &nbsp;&nbsp;&nbsp; 0.125% , 2/28/2023  | &nbsp;&nbsp; 35000000 | &nbsp;&nbsp;&nbsp;&nbsp; 34766525 |
| &nbsp;&nbsp;&nbsp; 0.125% , 5/31/2023  | &nbsp;&nbsp; 60000000 | &nbsp;&nbsp;&nbsp;&nbsp; 58928906 |
| &nbsp;&nbsp;&nbsp; 0.125% , 6/30/2023  | &nbsp;&nbsp; 70000000 | &nbsp;&nbsp;&nbsp;&nbsp; 68446875 |
| &nbsp;&nbsp;&nbsp; 0.125% , 7/31/2023  | &nbsp;&nbsp; 55000000 | &nbsp;&nbsp;&nbsp;&nbsp; 53551953 |
| &nbsp;&nbsp;&nbsp; 0.125% , 8/31/2023  | &nbsp;&nbsp; 35000000 | &nbsp;&nbsp;&nbsp;&nbsp; 33943164 |
| &nbsp;&nbsp;&nbsp; 1.375% , 9/30/2023  | &nbsp;&nbsp; 32500000 | &nbsp;&nbsp;&nbsp;&nbsp; 31707813 |
| &nbsp;&nbsp;&nbsp; 1.5% , 3/31/2023  | &nbsp;&nbsp; 20000000 | &nbsp;&nbsp;&nbsp;&nbsp; 19859455 |
| &nbsp;&nbsp;&nbsp; 1.625% , 4/30/2023  | &nbsp;&nbsp; 70000000 | &nbsp;&nbsp;&nbsp;&nbsp; 69349218 |
| &nbsp;&nbsp;&nbsp; 2.375% , 2/29/2024  | &nbsp;&nbsp; 31000000 | &nbsp;&nbsp;&nbsp;&nbsp; 30192305 |
| &nbsp;&nbsp;&nbsp; 2.5% , 8/15/2023  | &nbsp;&nbsp; 30000000 | &nbsp;&nbsp;&nbsp;&nbsp; 29585156 |
| &nbsp;&nbsp;&nbsp; 2.5% , 1/31/2024  | &nbsp;&nbsp; 30000000 | &nbsp;&nbsp;&nbsp;&nbsp; 29291016 |
| &nbsp;&nbsp;&nbsp; 2.875% , 10/31/2023  | &nbsp;&nbsp; 75000000 | &nbsp;&nbsp;&nbsp;&nbsp; 73877929 |
| &nbsp;&nbsp;&nbsp; 2.875% , 11/30/2023  | &nbsp;&nbsp; 60000000 | &nbsp;&nbsp;&nbsp;&nbsp; 59020313 |
| **Total Government & Agency Obligations** (Cost $1,406,860,777) | **Total Government & Agency Obligations** (Cost $1,406,860,777) | **1330304142** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value ($)** |
| **Cash Equivalents 1.0%** | **Cash Equivalents 1.0%** |  |
| &nbsp;&nbsp;&nbsp; DWS Central Cash Management Government Fund, <br>4.2% (b) (Cost $58,358,083)<br>| 58358083 | **58358083** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **% of** <br>**Net Assets**<br>| **Value ($)** |
| **Total Consolidated Investment Portfolio** (Cost $5,717,192,552) | &nbsp;&nbsp; 98.5 | **5551750766** |
| **Other Assets and Liabilities, Net** | &nbsp;&nbsp;&nbsp; 1.5 | **82453697** |
| **Net Assets** | 100.0 | **5634204463** |

---

*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 December 31, 2022 are as follows:* 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Value ($) at** <br>**3/31/2022**<br>| **Purchases** <br>**Cost ($)**<br>| **Sales** <br>**Proceeds ($)**<br>| **Net Realized** <br>**Gain/** <br>**(Loss) ($)**<br>| **Net Change in** <br>**Unrealized** <br>**Appreciation** <br>**(Depreciation) ($)**<br>| **Income ($)** | **Capital Gain** <br>**Distributions ($)**<br>| **Number** <br>**of Shares** <br>**at** <br>**12/31/2022**<br>| **Value ($) at** <br>**12/31/2022**<br>|
| **Securities Lending Collateral 0.0%** | **Securities Lending Collateral 0.0%** | **Securities Lending Collateral 0.0%** | **Securities Lending Collateral 0.0%** | **Securities Lending Collateral 0.0%** | **Securities Lending Collateral 0.0%** | **Securities Lending Collateral 0.0%** | **Securities Lending Collateral 0.0%** | **Securities Lending Collateral 0.0%** |
| DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", 4.07% (b) (c) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", 4.07% (b) (c) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", 4.07% (b) (c) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", 4.07% (b) (c) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", 4.07% (b) (c) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", 4.07% (b) (c) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", 4.07% (b) (c) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", 4.07% (b) (c) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", 4.07% (b) (c) |
| 69740451  | —  | 69,740,451 (d) | —  | —  | 165203  | —  | —  | —  |
| **Cash Equivalents 1.0%** | **Cash Equivalents 1.0%** | **Cash Equivalents 1.0%** | **Cash Equivalents 1.0%** | **Cash Equivalents 1.0%** | **Cash Equivalents 1.0%** | **Cash Equivalents 1.0%** | **Cash Equivalents 1.0%** | **Cash Equivalents 1.0%** |
| DWS Central Cash Management Government Fund, 4.2% (b) | DWS Central Cash Management Government Fund, 4.2% (b) | DWS Central Cash Management Government Fund, 4.2% (b) | DWS Central Cash Management Government Fund, 4.2% (b) | DWS Central Cash Management Government Fund, 4.2% (b) | DWS Central Cash Management Government Fund, 4.2% (b) | DWS Central Cash Management Government Fund, 4.2% (b) | DWS Central Cash Management Government Fund, 4.2% (b) | DWS Central Cash Management Government Fund, 4.2% (b) |
| 165421662  | 2676265477  | 2783329056  | —  | —  | 1289052  | —  | 58358083  | 58358083  |
| **235162113** | **2676265477** | **2853069507** | **—** | **—** | **1454255** | **—** | **58358083** | **58358083** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

*\** *Non-income producing security.* 

*(a)* *Investment was valued using significant unobservable inputs.*

*(b)* *Affiliated fund managed by DWS Investment Management Americas, Inc. The rate shown is the annualized seven-day yield at* *period end.* 

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

*(d)* *Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount invested in cash collateral for the period* *ended December 31, 2022.* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| *144A: Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions* <br> *exempt from registration, normally to qualified institutional buyers.*<br>|
| *ADR: American Depositary Receipt* |
| *HRW: Hard Red Winter* |
| *LME: London Metal Exchange* |
| *PJSC: Public Joint Stock Company* |
| *RBOB: Reformulated Blendstock for Oxygenate Blending* |
| *ULSD: Ultra-Low Sulfur Diesel* |
| *WTI: West Texas Intermediate* |

---

------

*At December 31, 2022, open futures contracts purchased were as follows:* 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Futures** | **Currency** | &nbsp;&nbsp;&nbsp; **Expiration** <br>**Date**<br>| **Contracts** | &nbsp;&nbsp;&nbsp; **Notional** <br>**Amount ($)**<br>| &nbsp;&nbsp;&nbsp; **Notional** <br>**Value ($)**<br>| &nbsp;&nbsp;&nbsp; **Unrealized** <br>**Appreciation/** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation) ($)**<br>|
| Brent Crude Oil <br> Futures <br>| USD | 1/31/2023  | &nbsp;&nbsp; 719  | &nbsp;&nbsp; 64430203 | &nbsp;&nbsp; 61769290  | &nbsp;&nbsp; (2660913) |
| Copper Futures  | USD | 3/29/2023  | &nbsp;&nbsp; 474  | &nbsp;&nbsp; 43727074 | &nbsp;&nbsp; 45154425  | &nbsp;&nbsp;&nbsp; 1427351 |
| Corn Futures  | USD | 3/14/2023  | 1344  | &nbsp;&nbsp; 44467650 | &nbsp;&nbsp; 45595200  | &nbsp;&nbsp;&nbsp; 1127550 |
| Cotton No. 2 <br> Futures <br>| USD | 7/7/2023  | &nbsp;&nbsp; 231  | &nbsp;&nbsp; 10351572 | &nbsp;&nbsp;&nbsp; 9630390  | &nbsp;&nbsp;&nbsp;&nbsp; (721182) |
| Gasoline RBOB <br> Futures <br>| USD | 2/28/2023  | &nbsp;&nbsp;&nbsp;&nbsp; 87  | &nbsp;&nbsp;&nbsp; 8563831 | &nbsp;&nbsp;&nbsp; 9055708  | &nbsp;&nbsp;&nbsp;&nbsp; 491877 |
| Gold 100 oz. <br> Futures <br>| USD | 2/24/2023  | &nbsp;&nbsp; 705  | 125150554 | 128747100  | &nbsp;&nbsp;&nbsp; 3596546 |
| Kansas City HRW <br> Wheat Futures <br>| USD | 3/14/2023  | &nbsp;&nbsp; 166  | &nbsp;&nbsp;&nbsp; 7403712 | &nbsp;&nbsp;&nbsp; 7370400  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (33312) |
| Lean Hogs <br> Futures <br>| USD | 2/14/2023  | &nbsp;&nbsp; 272  | &nbsp;&nbsp;&nbsp; 9264504 | &nbsp;&nbsp;&nbsp; 9541760  | &nbsp;&nbsp;&nbsp;&nbsp; 277256 |
| Lean Hogs <br> Futures <br>| USD | 6/14/2023  | &nbsp;&nbsp; 260  | &nbsp;&nbsp; 10651057 | &nbsp;&nbsp; 11354200  | &nbsp;&nbsp;&nbsp;&nbsp; 703143 |
| Live Cattle <br> Futures <br>| USD | 2/28/2023  | &nbsp;&nbsp; 247  | &nbsp;&nbsp; 15458884 | &nbsp;&nbsp; 15600520  | &nbsp;&nbsp;&nbsp;&nbsp; 141636 |
| Live Cattle <br> Futures <br>| USD | 6/30/2023  | &nbsp;&nbsp; 242  | &nbsp;&nbsp; 15036753 | &nbsp;&nbsp; 15277460  | &nbsp;&nbsp;&nbsp;&nbsp; 240707 |
| LME Nickel <br> Futures <br>| USD | 1/16/2023  | &nbsp;&nbsp;&nbsp;&nbsp; 82  | &nbsp;&nbsp; 11028423 | &nbsp;&nbsp; 14711292  | &nbsp;&nbsp;&nbsp; 3682869 |
| LME Nickel <br> Futures <br>| USD | 3/13/2023  | &nbsp;&nbsp; 145  | &nbsp;&nbsp; 24546561 | &nbsp;&nbsp; 26139150  | &nbsp;&nbsp;&nbsp; 1592589 |
| LME Primary <br> Aluminium <br> Futures <br>| USD | 1/16/2023  | &nbsp;&nbsp; 744  | &nbsp;&nbsp; 41504375 | &nbsp;&nbsp; 43700886  | &nbsp;&nbsp;&nbsp; 2196511 |
| LME Primary <br> Aluminium <br> Futures <br>| USD | 3/13/2023  | &nbsp;&nbsp; 290  | &nbsp;&nbsp; 18059398 | &nbsp;&nbsp; 17197073  | &nbsp;&nbsp;&nbsp;&nbsp; (862325) |
| LME Zinc Futures  | USD | 1/16/2023  | &nbsp;&nbsp; 385  | &nbsp;&nbsp; 28452362 | &nbsp;&nbsp; 28781156  | &nbsp;&nbsp;&nbsp;&nbsp; 328794 |
| LME Zinc Futures  | USD | 3/13/2023  | &nbsp;&nbsp; 365  | &nbsp;&nbsp; 29910953 | &nbsp;&nbsp; 27160563  | &nbsp;&nbsp; (2750390) |
| Low Sulfur Gas <br> Oil Futures <br>| USD | 3/10/2023  | &nbsp;&nbsp; 256  | &nbsp;&nbsp; 21949486 | &nbsp;&nbsp; 22592000  | &nbsp;&nbsp;&nbsp;&nbsp; 642514 |
| Natural Gas <br> Futures <br>| USD | 2/24/2023  | 1370  | &nbsp;&nbsp; 84388860 | &nbsp;&nbsp; 56224800  | (28164060) |
| NY Harbor ULSD <br> Futures <br>| USD | 2/28/2023  | &nbsp;&nbsp; 152  | &nbsp;&nbsp; 19083808 | &nbsp;&nbsp; 20296013  | &nbsp;&nbsp;&nbsp; 1212205 |
| Platinum Futures  | USD | 4/26/2023  | &nbsp;&nbsp; 111  | &nbsp;&nbsp;&nbsp; 5804660 | &nbsp;&nbsp;&nbsp; 6010095  | &nbsp;&nbsp;&nbsp;&nbsp; 205435 |
| Silver Futures  | USD | 3/29/2023  | &nbsp;&nbsp; 197  | &nbsp;&nbsp; 21424828 | &nbsp;&nbsp; 23679400  | &nbsp;&nbsp;&nbsp; 2254572 |
| Soybean Futures  | USD | 3/14/2023  | &nbsp;&nbsp; 396  | &nbsp;&nbsp; 28923596 | &nbsp;&nbsp; 30175200  | &nbsp;&nbsp;&nbsp; 1251604 |
| Soybean Meal <br> Futures <br>| USD | 3/14/2023  | &nbsp;&nbsp; 247  | &nbsp;&nbsp; 10373129 | &nbsp;&nbsp; 11633700  | &nbsp;&nbsp;&nbsp; 1260571 |
| Soybean Oil <br> Futures <br>| USD | 7/14/2023  | &nbsp;&nbsp; 296  | &nbsp;&nbsp; 11304794 | &nbsp;&nbsp; 11288256  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (16538) |
| Soybean Oil <br> Futures <br>| USD | 12/14/2023  | &nbsp;&nbsp; 308  | &nbsp;&nbsp; 11323765 | &nbsp;&nbsp; 11409552  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85787 |
| Sugar No. 11 <br> Futures <br>| USD | 2/28/2023  | &nbsp;&nbsp; 858  | &nbsp;&nbsp; 18342279 | &nbsp;&nbsp; 19257638  | &nbsp;&nbsp;&nbsp;&nbsp; 915359 |
| Wheat Futures  | USD | 3/14/2023  | &nbsp;&nbsp; 870  | &nbsp;&nbsp; 38084009 | &nbsp;&nbsp; 34452000  | &nbsp;&nbsp; (3632009) |
| WTI Crude <br> Futures <br>| USD | 2/21/2023  | &nbsp;&nbsp; 602  | &nbsp;&nbsp; 46422476 | &nbsp;&nbsp; 48430900  | &nbsp;&nbsp;&nbsp; 2008424 |
| **Total** | **Total** | **Total** | **Total** |  | **812236127** | **(13197429)** |

---

------

*At December 31, 2022, open futures contracts sold were as follows:* 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Futures** | **Currency** | &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br>**Date**<br>| **Contracts** | &nbsp;&nbsp;&nbsp; **Notional** <br>**Amount ($)**<br>| &nbsp;&nbsp;&nbsp; **Notional** <br>**Value ($)**<br>| &nbsp;&nbsp;&nbsp; **Unrealized** <br>**Appreciation/** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation) ($)**<br>|
| LME Nickel <br> Futures <br>| USD | 1/16/2023  | &nbsp;&nbsp; 82  | 13903390 | 14711292  | (807902) |
| LME Primary <br> Aluminium <br> Futures <br>| USD | 1/16/2023  | 744  | 45555879 | 43700886  | 1854993 |
| LME Primary <br> Aluminium <br> Futures <br>| USD | 3/13/2023  | &nbsp;&nbsp;&nbsp; 6  | &nbsp;&nbsp;&nbsp;&nbsp; 357199 | &nbsp;&nbsp;&nbsp;&nbsp; 355802  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1397 |
| LME Zinc Futures  | USD | 1/16/2023  | 385  | 31469874 | 28781156  | 2688718 |
| **Total** | **Total** | **Total** | **Total** | **Total** | **87549136** | **3737206** |

---

***Currency Abbreviation(s)***

------

*USD* *United States Dollar*

***Investment in Subsidiary***

*The Fund may seek exposure to the commodities markets by investing a portion of its assets in a wholly owned subsidiary organized under the laws of the Cayman Islands (the "Subsidiary"). Among other investments, the Subsidiary may invest in commodity-linked derivative instruments such as swaps and futures contracts. The Subsidiary may also invest in debt securities, some of which are intended to serve as margin or collateral for the Subsidiary's derivative positions. As of December 31, 2022, the Fund held $724,603,070 in the Subsidiary, representing 12.8% of the Fund's total assets. The Fund's Investment Portfolio has been consolidated and includes the accounts of the Fund and the Subsidiary*

***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 December 31, 2022 in valuing the Fund's investments.* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Assets** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Common Stocks (a) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Communication Services  | $— | $101167951 | $— | $101167951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Staples  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37062937 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37062937 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy  | &nbsp;&nbsp;&nbsp;&nbsp; 539624141 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61834534 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 601458675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrials  | &nbsp;&nbsp;&nbsp;&nbsp; 191503951 | &nbsp;&nbsp;&nbsp;&nbsp; 172733792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 364237743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Materials  | &nbsp;&nbsp;&nbsp;&nbsp; 227501468 | &nbsp;&nbsp;&nbsp;&nbsp; 147831009 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 375332477 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Real Estate  | &nbsp;&nbsp; 1121945055 | &nbsp;&nbsp;&nbsp;&nbsp; 620332121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 1742277176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Utilities  | &nbsp;&nbsp;&nbsp;&nbsp; 554837789 | &nbsp;&nbsp;&nbsp;&nbsp; 386713793 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 941551582 |
| Government & Agency Obligations  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 1330304142 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 1330304142 |
| Short-Term Investments  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58358083 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58358083 |
| Derivatives (b) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30188408 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30188408 |
| **Total** | **$2761021832** | **$2820917342** | **$0** | **$5581939174** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Liabilities** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Derivatives (b) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts  | $(39648631) | $— | $— | $(39648631) |
| **Total** | **$(39648631)** | **$—** | **$—** | **$(39648631)** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;*(a)* *See Consolidated Investment Portfolio for additional detailed categorizations.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(b)* *Derivatives include unrealized appreciation (depreciation) on open futures contracts.* 

------

***Derivatives***

*The following table presents, by major type of derivative contract, the unrealized appreciation (depreciation) of the Fund's derivative instruments as of December 31, 2022 categorized by the primary underlying risk exposure.* 

---

| | |
|:---|:---|
| **Primary Underlying Risk Disclosure** | &nbsp;&nbsp;&nbsp; **Futures**<br> **Contracts**<br>|
| Commodity Contracts  | $(9460223) |

---

**OBTAIN AN OPEN-END FUND PROSPECTUS**

**To obtain a summary prospectus, if available, or prospectus, download one from fundsus.dws.com, talk to your financial representative or call (800) 728-3337. We advise you to carefully consider the product's objectives, risks, charges and expenses before investing. The summary prospectus and prospectus contain this and other important information about the investment product. Please read the prospectus carefully before you invest.**

**CLOSED-END FUNDS**

Closed-end funds, unlike open-end funds, are not continuously offered. There is a one time public offering and once issued, shares of closed-end funds are sold in the open market through a stock exchange. Shares of closed-end funds frequently trade at a discount to net asset value. The price of the fund's shares is determined by a number of factors, several of which are beyond the control of the fund. Therefore, the fund cannot predict whether its shares will trade at, below or above net asset value.

The brand DWS represents DWS Group GmbH & Co. KGaA and any of its subsidiaries such as DWS Distributors, Inc. which offers investment products or DWS Investment Management Americas Inc. and RREEF America L.L.C. which offer advisory services.

NO BANK GUARANTEE \| NOT FDIC INSURED \| MAY LOSE VALUE

DRAF-PH3

R-080548-2 (1/25)

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** DEUTSCHE DWS MARKET TRUST

- **b. Investment Company Act file number:** 811-01236

- **c. CIK number of Registrant:** 0000095603

- **d. LEI of Registrant:** IFRD7YR9ULMP0L9V6675

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 875 Third Avenue

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10022-6225

  - **Telephone number:** 212-454-4500

**Item A.2. Information about the Series.**

- **a. Name of Series:** DWS RREEF Real Assets Fund

- **b. EDGAR series identifier (if any):** S000032019

- **c. LEI of Series:** K8SC25KVNS6F8IU2YJ58

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-03-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $5652037145.38

**Total Liabilities:** $16310434.45

**Net Assets:** $5635726710.93

**Amount of Assets Invested in Other Investment Companies:** $724601480.19

**Cash Not Reported:** $76843944.93

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000099688 | 2.79%                | 6.87%                | -2.92%               |
| Class ID C000151995 | 2.81%                | 6.92%                | -2.88%               |
| Class ID C000099690 | 2.81%                | 6.93%                | -2.84%               |
| Class ID C000099691 | 2.81%                | 6.92%                | -2.88%               |
| Class ID C000099689 | 2.72%                | 6.86%                | -2.92%               |
| Class ID C000101767 | 2.78%                | 6.93%                | -2.91%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-107920305.43           | $245751194.68                              |
| Month 2  | $-23845956.70            | $382652071.85                              |
| Month 3  | $-8658791.19             | $-155500789.03                             |

**Designated Index Information**

- **Index Name:** 10% Bloomberg U.S. TIPS Index, 15% Bloomberg Commodity Index Total Return, 30% FTSE EPRA Nareit Developed Index (Gross) in USD, 15% S&P Global Natural Resources Index, 30% Dow Jones Brookfield Global Infrastructure Net Total Return Index in EUR

- **Index Identifier:** DJBRK_USD

### Schedule of Portfolio Investments

| Name                                             | Title                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| London Metal Exchange                            | LME PRI ALUM FUTR JAN23                          | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       744 | NC      | $2196511.21   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                           | United States Treasury Note/Bond                 | CUSIP: 91282CCN9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  55000000 | PA      | $53551953.40  | 0.95%             | 2023-07-31      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Castellum AB                                     | Castellum AB                                     | CUSIP: 000000000<br>LEI: 549300GU5OHTR1T5IY68 | Long             | EC               | CORP              | SE        |    891526 | NS      | $10824564.06  | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                           | United States Treasury Inflation Indexed Bonds   | CUSIP: 91282CCM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  66265414 | PA      | $58549652.79  | 1.04%             | 2031-07-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| American Water Works Co Inc                      | American Water Works Co Inc                      | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |    382579 | NS      | $58312691.18  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Gazprom PJSC                                     | Gazprom PJSC                                     | CUSIP: 368287207<br>LEI: 213800FD9J2IHTA7YX78 | Long             | EC               | CORP              | RU        |   1013306 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| United States Treasury                           | United States Treasury Inflation Indexed Bonds   | CUSIP: 9128287D6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  67193878 | PA      | $61512510.90  | 1.09%             | 2029-07-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| BP PLC                                           | BP PLC                                           | CUSIP: 000000000<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |   3686100 | NS      | $21168096.50  | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| China Tower Corp Ltd                             | China Tower Corp Ltd                             | CUSIP: 000000000<br>LEI: 300300T6BNNP0L7O7H91 | Long             | EC               | CORP              | CN        | 213672000 | NS      | $22929365.71  | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Hulic Reit Inc                                   | Hulic Reit Inc                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | JP        |     16955 | NS      | $21149089.18  | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Svenska Cellulosa AB SCA                         | Svenska Cellulosa AB SCA                         | CUSIP: 000000000<br>LEI: 549300FW5JDRV1IJ0M67 | Long             | EC               | CORP              | SE        |   1542200 | NS      | $19528713.58  | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Marathon Petroleum Corp                          | Marathon Petroleum Corp                          | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |    175836 | NS      | $20465552.04  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| WP Carey Inc                                     | WP Carey Inc                                     | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               |  | US        |    465307 | NS      | $36363742.05  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                            | LME NICKEL FUTURE JAN23                          | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        82 | NC      | $3682869.18   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                           | United States Treasury Note/Bond                 | CUSIP: 9128285P1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  60000000 | PA      | $59020312.80  | 1.05%             | 2023-11-30      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Terna - Rete Elettrica Nazionale                 | Terna - Rete Elettrica Nazionale                 | CUSIP: 000000000<br>LEI: 8156009E94ED54DE7C31 | Long             | EC               | CORP              | IT        |   9220449 | NS      | $68109706.13  | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Ventas Inc                                       | Ventas Inc                                       | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               |  | US        |    854504 | NS      | $38495405.20  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto Ltd                                    | Rio Tinto Ltd                                    | CUSIP: 000000000<br>LEI: 529900X2VMAQT2PE0V24 | Long             | EC               | CORP              | AU        |    293232 | NS      | $23301199.60  | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Metal Mining Co Ltd                     | Sumitomo Metal Mining Co Ltd                     | CUSIP: 000000000<br>LEI: 353800CF81IXL9974H84 | Long             | EC               | CORP              | JP        |    180000 | NS      | $6352495.22   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                           | United States Treasury Note/Bond                 | CUSIP: 9128286G0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  31000000 | PA      | $30192304.61  | 0.54%             | 2024-02-29      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                           | WHEAT FUTURE(CBT) MAR23                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       870 | NC      | $-3632008.94  | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                                        | Shell PLC                                        | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |   1147864 | NS      | $32435593.90  | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Gibson Energy Inc                                | Gibson Energy Inc                                | CUSIP: 374825206<br>LEI: 549300WYW5D9I3FR0643 | Long             | EC               | CORP              | CA        |   1162486 | NS      | $20296284.37  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The                             | Williams Cos Inc/The                             | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |   4353083 | NS      | $143216430.70 | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui Fudosan Co Ltd                            | Mitsui Fudosan Co Ltd                            | CUSIP: 000000000<br>LEI: 353800ND4ZKNZDYKMF33 | Long             | EC               | CORP              | JP        |   2437700 | NS      | $44415808.43  | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                           | United States Treasury Note/Bond                 | CUSIP: 91282CCD1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  60000000 | PA      | $58928906.40  | 1.05%             | 2023-05-31      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| British Land Co PLC/The                          | British Land Co PLC/The                          | CUSIP: 000000000<br>LEI: RV5B68J2GV3QGMRPW209 | Long             | EC               |  | GB        |   4029553 | NS      | $19335963.75  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Xcel Energy Inc                                  | Xcel Energy Inc                                  | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |    557300 | NS      | $39072303.00  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                              | Cheniere Energy Inc                              | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |    307022 | NS      | $46041019.12  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmos Energy Corp                                | Atmos Energy Corp                                | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |    607690 | NS      | $68103818.30  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexus                                            | Dexus                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |   1695400 | NS      | $8949488.14   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| London Metal Exchange                            | LME PRI ALUM FUTR MAR23                          | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       290 | NC      | $-862325.15   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                      | LEAN HOGS FUTURE FEB23                           | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |       272 | NC      | $277255.90    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CTP NV                                           | CTP NV                                           | CUSIP: 000000000<br>LEI: 3157000YTVO4TN65UM14 | Long             | EC               | CORP              | NL        |    910700 | NS      | $10795099.81  | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Exelon Corp                                      | Exelon Corp                                      | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |   1330893 | NS      | $57534504.39  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                            | LME PRI ALUM FUTR JAN23                          | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |      -744 | NC      | $1854992.82   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Commodities Exchange Center                      | COPPER FUTURE MAR23                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       474 | NC      | $1427350.64   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                                      | Corteva Inc                                      | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |    474838 | NS      | $27910977.64  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenedix Retail REIT Corp                         | Kenedix Retail REIT Corp                         | CUSIP: 000000000<br>LEI: 353800IOH9ONLGE3AQ55 | Long             | EC               |  | JP        |     10195 | NS      | $19744127.45  | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Getlink SE                                       | Getlink SE                                       | CUSIP: 000000000<br>LEI: 9695007ZEQ7M0OE74G82 | Long             | EC               | CORP              | FR        |    785745 | NS      | $12617557.27  | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                           | SOYBEAN OIL FUTR JUL23                           | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       296 | NC      | $-16538.39    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                            | LME NICKEL FUTURE JAN23                          | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       -82 | NC      | $-807901.62   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                                     | Prologis Inc                                     | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               |  | US        |    597119 | NS      | $67313224.87  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                            | LME PRI ALUM FUTR MAR23                          | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        -6 | NC      | $1397.04      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hong Kong & China Gas Co Ltd                     | Hong Kong & China Gas Co Ltd                     | CUSIP: 000000000<br>LEI: 254900P7BETXGC7YU827 | Long             | EC               | CORP              | HK        |  17762850 | NS      | $16877407.62  | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Enbridge Inc                                     | Enbridge Inc                                     | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |   3327190 | NS      | $130040542.69 | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                            | American Homes 4 Rent                            | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               |  | US        |    352809 | NS      | $10633663.26  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Gas Co Ltd                                 | Tokyo Gas Co Ltd                                 | CUSIP: 000000000<br>LEI: 353800678EIJLOQSWZ83 | Long             | EC               | CORP              | JP        |   1651500 | NS      | $32478093.34  | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                      | LIVE CATTLE FUTR FEB23                           | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |       247 | NC      | $141635.82    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe                               | LOW SU GASOIL G MAR23                            | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |       256 | NC      | $642513.54    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Commodities Exchange Center                      | SILVER FUTURE MAR23                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       197 | NC      | $2254571.93   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                      | LEAN HOGS FUTURE JUN23                           | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |       260 | NC      | $703142.96    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Big Yellow Group PLC                             | Big Yellow Group PLC                             | CUSIP: 000000000<br>LEI: 213800W7Q4V2ZI8LIW31 | Long             | EC               |  | GB        |   1245066 | NS      | $17325296.51  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Darling Ingredients Inc                          | Darling Ingredients Inc                          | CUSIP: 237266101<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | EC               | CORP              | US        |    278090 | NS      | $17405653.10  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                     | WTI CRUDE FUTURE MAR23                           | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |       602 | NC      | $2008423.67   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Teck Resources Ltd                               | Teck Resources Ltd                               | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |    721726 | NS      | $27275272.84  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ENN Energy Holdings Ltd                          | ENN Energy Holdings Ltd                          | CUSIP: 000000000<br>LEI: 549300V7BXPWT6WIPR03 | Long             | EC               | CORP              | KY        |    321300 | NS      | $4473681.96   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Endeavour Mining PLC                             | Endeavour Mining PLC                             | CUSIP: 000000000<br>LEI: 529900NI5MXQ91GHXR07 | Long             | EC               | CORP              | GB        |    702090 | NS      | $15027007.53  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp                              | American Tower Corp                              | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               |  | US        |    767421 | NS      | $162585813.06 | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Neste Oyj                                        | Neste Oyj                                        | CUSIP: 000000000<br>LEI: 5493009GY1X8GQ66AM14 | Long             | EC               | CORP              | FI        |    178200 | NS      | $8230843.49   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| APA Group                                        | APA Group                                        | CUSIP: 000000000<br>LEI: 549300T9RBSX164T8H40 | Long             | EC               | CORP              | AU        |   3607017 | NS      | $26343796.52  | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Pembina Pipeline Corp                            | Pembina Pipeline Corp                            | CUSIP: 706327103<br>LEI: 5493002W3L9YICM6FU21 | Long             | EC               | CORP              | CA        |   1392300 | NS      | $47260050.22  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust                          | Kite Realty Group Trust                          | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               |  | US        |   1326929 | NS      | $27931855.45  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Capitaland Investment Ltd/Singapore              | Capitaland Investment Ltd/Singapore              | CUSIP: 000000000<br>LEI: 254900AT4UQDU7SNXX49 | Long             | EC               | CORP              | SG        |  16730200 | NS      | $46201919.96  | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Chevron Corp                                     | Chevron Corp                                     | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    171820 | NS      | $30839971.80  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                     | PLATINUM FUTURE APR23                            | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |       111 | NC      | $205434.87    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties Inc                 | Ryman Hospitality Properties Inc                 | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               |  | US        |    347493 | NS      | $28417977.54  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                            | LME ZINC FUTURE JAN23                            | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       385 | NC      | $328794.30    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                           | United States Treasury Note/Bond                 | CUSIP: 9128285K2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  75000000 | PA      | $73877929.50  | 1.31%             | 2023-10-31      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| DWS                                              | DWS Central Cash Management Government Fund      | CUSIP: 25160K306<br>LEI: 5493003GD84DGSXJ7618 | Long             | STIV             | RF                | US        |  58358083 | NS      | $58358083.16  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Stockland                                        | Stockland                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |   3800000 | NS      | $9398068.29   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Sempra Energy                                    | Sempra Energy                                    | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |    832910 | NS      | $128717911.40 | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyu Fudosan Holdings Corp                      | Tokyu Fudosan Holdings Corp                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |   5089300 | NS      | $24150863.49  | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Crown Castle Inc                                 | Crown Castle Inc                                 | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               |  | US        |    772430 | NS      | $104772405.20 | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Wharf Real Estate Investment Co Ltd              | Wharf Real Estate Investment Co Ltd              | CUSIP: 000000000<br>LEI: 529900QLPKS8U9QOPB59 | Long             | EC               | CORP              | KY        |   3206000 | NS      | $18621628.63  | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                           | United States Treasury Note/Bond                 | CUSIP: 91282CBN0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  35000000 | PA      | $34766524.80  | 0.62%             | 2023-02-28      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Sun Hung Kai Properties Ltd                      | Sun Hung Kai Properties Ltd                      | CUSIP: 000000000<br>LEI: 529900LUMD393RD3S874 | Long             | EC               | CORP              | HK        |   3033100 | NS      | $41450841.33  | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                           | KC HRW WHEAT FUT MAR23                           | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       166 | NC      | $-33311.58    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                                   | Public Storage                                   | CUSIP: 74460D109<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EC               |  | US        |    175280 | NS      | $49111703.20  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Cellnex Telecom SA                               | Cellnex Telecom SA                               | CUSIP: 000000000<br>LEI: 5493008T4YG3AQUI7P67 | Long             | EC               | CORP              | ES        |   2352856 | NS      | $78238585.38  | 1.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Agnico Eagle Mines Ltd                           | Agnico Eagle Mines Ltd                           | CUSIP: 008474108<br>LEI: YGE0EUBRF7IJOB3QRX76 | Long             | EC               | CORP              | CA        |    382498 | NS      | $19876336.25  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison Inc                          | Consolidated Edison Inc                          | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |     42820 | NS      | $4081174.20   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                           | United States Treasury Note/Bond                 | CUSIP: 9128285Z9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  30000000 | PA      | $29291015.70  | 0.52%             | 2024-01-31      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | United States Treasury Inflation Indexed Bonds   | CUSIP: 912828V49<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  95924635 | PA      | $90454044.94  | 1.61%             | 2027-01-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Link REIT                                        | Link REIT                                        | CUSIP: 000000000<br>LEI: 529900XUE70U36QX5M62 | Long             | EC               |  | HK        |   6434568 | NS      | $47123048.40  | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Life Storage Inc                                 | Life Storage Inc                                 | CUSIP: 53223X107<br>LEI: W9EE01AFDDF9DQCQZC68 | Long             | EC               |  | US        |     94656 | NS      | $9323616.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd                                      | Nutrien Ltd                                      | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |    786183 | NS      | $57396004.10  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                           | SOYBEAN FUTURE MAR23                             | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       396 | NC      | $1251604.53   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Mori Trust Sogo Reit Inc                         | Mori Trust Sogo Reit Inc                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | JP        |     11650 | NS      | $13025095.13  | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| New York Mercantile Exchange                     | NY HARB ULSD FUT MAR23                           | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |       152 | NC      | $1212204.74   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabra Health Care REIT Inc                       | Sabra Health Care REIT Inc                       | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               |  | US        |   1848844 | NS      | $22981130.92  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| East Japan Railway Co                            | East Japan Railway Co                            | CUSIP: 000000000<br>LEI: 353800SENYJ2DSM6PS44 | Long             | EC               | CORP              | JP        |    262000 | NS      | $14927450.40  | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                      | LIVE CATTLE FUTR JUN23                           | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |       242 | NC      | $240707.52    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| China Resources Gas Group Ltd                    | China Resources Gas Group Ltd                    | CUSIP: 000000000<br>LEI: 529900A0E1J5JSOKEK83 | Long             | EC               | CORP              | BM        |   8671200 | NS      | $32312096.53  | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                           | United States Treasury Inflation Indexed Bonds   | CUSIP: 9128282L3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  73438634 | PA      | $69210487.45  | 1.23%             | 2027-07-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Republic Services Inc                            | Republic Services Inc                            | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |    351525 | NS      | $45343209.75  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Toho Gas Co Ltd                                  | Toho Gas Co Ltd                                  | CUSIP: 000000000<br>LEI: 353800BCVTE4F8012906 | Long             | EC               | CORP              | JP        |    621200 | NS      | $11832878.33  | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Frasers Logistics & Commercial Trust             | Frasers Logistics & Commercial Trust             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | SG        |  35434500 | NS      | $30701451.87  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| SSE PLC                                          | SSE PLC                                          | CUSIP: 000000000<br>LEI: 549300KI75VYLLMSK856 | Long             | EC               | CORP              | GB        |   1092500 | NS      | $22697304.17  | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| PSP Swiss Property AG                            | PSP Swiss Property AG                            | CUSIP: 000000000<br>LEI: 50670042Y437P8X44F56 | Long             | EC               | CORP              | CH        |    259500 | NS      | $30511283.69  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Silgan Holdings Inc                              | Silgan Holdings Inc                              | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Long             | EC               | CORP              | US        |    284000 | NS      | $14722560.00  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                           | SUGAR 11 (WORLD) MAR23                           | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |       858 | NC      | $915358.98    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CapitaLand Integrated Commercial Trust           | CapitaLand Integrated Commercial Trust           | CUSIP: 000000000<br>LEI: 54930031292WUTXF0L29 | Long             | EC               |  | SG        |  26844440 | NS      | $41016055.59  | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Iron Mountain Inc                                | Iron Mountain Inc                                | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               |  | US        |    450975 | NS      | $22481103.75  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Industrial & Infrastructure Fund Investment Corp | Industrial & Infrastructure Fund Investment Corp | CUSIP: 000000000<br>LEI: 353800WCHFY04YKYCI19 | Long             | EC               |  | JP        |     13200 | NS      | $15251813.75  | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| SBA Communications Corp                          | SBA Communications Corp                          | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               |  | US        |    460396 | NS      | $129053602.76 | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Airport Terminal Co Ltd                    | Japan Airport Terminal Co Ltd                    | CUSIP: 000000000<br>LEI: 353800W9WEQSGUY2EO26 | Long             | EC               | CORP              | JP        |    277542 | NS      | $13668571.30  | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| CenterPoint Energy Inc                           | CenterPoint Energy Inc                           | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |   2761514 | NS      | $82817804.86  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities Inc                        | AvalonBay Communities Inc                        | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               |  | US        |    263540 | NS      | $42566980.80  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Ltd                   | Canadian Natural Resources Ltd                   | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |    237335 | NS      | $13179629.73  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe                               | BRENT CRUDE FUTR MAR23                           | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |       719 | NC      | $-2660913.48  | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                                          | Vale SA                                          | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |   1194091 | NS      | $20263724.27  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                           | United States Treasury Note/Bond                 | CUSIP: 91282CCU3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  35000000 | PA      | $33943164.15  | 0.60%             | 2023-08-31      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Mondi PLC                                        | Mondi PLC                                        | CUSIP: 000000000<br>LEI: 213800LOZA69QFDC9N34 | Long             | EC               | CORP              | GB        |    765200 | NS      | $13138938.32  | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                           | United States Treasury Inflation Indexed Bonds   | CUSIP: 912810RW0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  51572567 | PA      | $42239326.64  | 0.75%             | 2047-02-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| NiSource Inc                                     | NiSource Inc                                     | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |   1392110 | NS      | $38171656.20  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastighets AB Balder                             | Fastighets AB Balder                             | CUSIP: 000000000<br>LEI: 549300GHKJCEZOAEUU82 | Long             | EC               | CORP              | SE        |   2746440 | NS      | $12799420.03  | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                           | United States Treasury Note/Bond                 | CUSIP: 912828VS6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  30000000 | PA      | $29585156.40  | 0.52%             | 2023-08-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | United States Treasury Note/Bond                 | CUSIP: 91282CBG5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  50000000 | PA      | $49849316.50  | 0.88%             | 2023-01-31      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Ameren Corp                                      | Ameren Corp                                      | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |    877363 | NS      | $78015117.96  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections Inc                            | Waste Connections Inc                            | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |    318152 | NS      | $42174229.12  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                           | CORN FUTURE MAR23                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |      1344 | NC      | $1127550.37   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Orsted AS                                        | Orsted AS                                        | CUSIP: 000000000<br>LEI: W9NG6WMZIYEU8VEDOG48 | Long             | EC               | CORP              | DK        |    353482 | NS      | $32204819.74  | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| London Metal Exchange                            | LME ZINC FUTURE MAR23                            | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       365 | NC      | $-2750390.90  | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                     | NATURAL GAS FUTR MAR23                           | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |      1370 | NC      | $-28164060.17 | -0.50%            |  |  |  | No            |                  1 | On Loan: No      |
| Granite Real Estate Investment Trust             | Granite Real Estate Investment Trust             | CUSIP: 387437114<br>LEI: 549300A6I7CLE0ZC0396 | Long             | EC               |  | CA        |    372997 | NS      | $19030009.42  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Commodities Exchange Center                      | GOLD 100 OZ FUTR FEB23                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       705 | NC      | $3596545.61   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITE Group PLC/The                              | UNITE Group PLC/The                              | CUSIP: 000000000<br>LEI: 213800BBUUWVDH9YI827 | Long             | EC               |  | GB        |   1833891 | NS      | $20297875.50  | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| VICI Properties Inc                              | VICI Properties Inc                              | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               |  | US        |   1741674 | NS      | $56430237.60  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| RWE AG                                           | RWE AG                                           | CUSIP: 000000000<br>LEI: 529900GB7KCA94ACC940 | Long             | EC               | CORP              | DE        |    887100 | NS      | $39655018.59  | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| LUKOIL PJSC                                      | LUKOIL PJSC                                      | CUSIP: 000000000<br>LEI: 549300LCJ1UJXHYBWI24 | Long             | EC               | CORP              | RU        |     91202 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| United States Treasury                           | United States Treasury Inflation Indexed Bonds   | CUSIP: 912810RF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  70602217 | PA      | $65515532.29  | 1.16%             | 2044-02-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Vinci SA                                         | Vinci SA                                         | CUSIP: 000000000<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |    342871 | NS      | $34289203.06  | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| London Metal Exchange                            | LME ZINC FUTURE JAN23                            | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |      -385 | NC      | $2688718.14   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                         | Simon Property Group Inc                         | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               |  | US        |    152124 | NS      | $17871527.52  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                           | United States Treasury Note/Bond                 | CUSIP: 912828Q29<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $19859455.00  | 0.35%             | 2023-03-31      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Sociedad Quimica y Minera de Chile SA            | Sociedad Quimica y Minera de Chile SA            | CUSIP: 833635105<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | EC               | CORP              | CL        |    255600 | NS      | $20407104.00  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Pacifico SAB de CV       | Grupo Aeroportuario del Pacifico SAB de CV       | CUSIP: 400506101<br>LEI: 4469000001BZ368XFI90 | Long             | EC               | CORP              | MX        |    187190 | NS      | $26919793.90  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                           | United States Treasury Note/Bond                 | CUSIP: 912828R28<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  70000000 | PA      | $69349218.40  | 1.23%             | 2023-04-30      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Norsk Hydro ASA                                  | Norsk Hydro ASA                                  | CUSIP: 000000000<br>LEI: 549300N1SDN71ZZ8BO45 | Long             | EC               | CORP              | NO        |   2578786 | NS      | $19390945.84  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Klepierre SA                                     | Klepierre SA                                     | CUSIP: 000000000<br>LEI: 969500PB4U31KEFHZ621 | Long             | EC               |  | FR        |    629000 | NS      | $14572180.88  | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                           | United States Treasury Inflation Indexed Bonds   | CUSIP: 9128285W6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  55818256 | PA      | $53175487.11  | 0.94%             | 2029-01-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| CF Industries Holdings Inc                       | CF Industries Holdings Inc                       | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |    162600 | NS      | $13853520.00  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| RioCan Real Estate Investment Trust              | RioCan Real Estate Investment Trust              | CUSIP: 766910103<br>LEI: 549300S8HVUSEU3JBY60 | Long             | EC               |  | CA        |   1669300 | NS      | $26050449.78  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Activia Properties Inc                           | Activia Properties Inc                           | CUSIP: 000000000<br>LEI: 353800RPGYN3ML8CXV54 | Long             | EC               |  | JP        |      8120 | NS      | $25499934.65  | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Transurban Group                                 | Transurban Group                                 | CUSIP: 000000000<br>LEI: 549300ZR71SUQ4VUTM79 | Long             | EC               | CORP              | AU        |   5260279 | NS      | $46472029.57  | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Glencore PLC                                     | Glencore PLC                                     | CUSIP: 000000000<br>LEI: 2138002658CPO9NBH955 | Long             | EC               | CORP              | JE        |   7086392 | NS      | $47826360.87  | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Agree Realty Corp                                | Agree Realty Corp                                | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               |  | US        |    756422 | NS      | $53653012.46  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| SIG Group AG                                     | SIG Group AG                                     | CUSIP: 000000000<br>LEI: 5493004Z6P7TSVB1L042 | Long             | EC               | CORP              | CH        |    835100 | NS      | $18292354.99  | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian National Railway Co                     | Canadian National Railway Co                     | CUSIP: 136375102<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               | CORP              | CA        |    427025 | NS      | $50725776.22  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties Inc                         | EastGroup Properties Inc                         | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               |  | US        |    220273 | NS      | $32613620.38  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Apartment Income REIT Corp                       | Apartment Income REIT Corp                       | CUSIP: 03750L109<br>LEI: N/A                  | Long             | EC               |  | US        |     43208 | NS      | $1482466.48   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Vonovia SE                                       | Vonovia SE                                       | CUSIP: 000000000<br>LEI: 5299005A2ZEP6AP7KM81 | Long             | EC               | CORP              | DE        |    495184 | NS      | $11692940.60  | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Mid-America Apartment Communities Inc            | Mid-America Apartment Communities Inc            | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               |  | US        |    181644 | NS      | $28516291.56  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Segro PLC                                        | Segro PLC                                        | CUSIP: 000000000<br>LEI: 213800XC35KGM9NFC641 | Long             | EC               |  | GB        |   2169898 | NS      | $20082424.83  | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| National Grid PLC                                | National Grid PLC                                | CUSIP: 000000000<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |   8285538 | NS      | $99730836.56  | 1.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Weyerhaeuser Co                                  | Weyerhaeuser Co                                  | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               |  | US        |    409242 | NS      | $12686502.00  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CK Asset Holdings Ltd                            | CK Asset Holdings Ltd                            | CUSIP: 000000000<br>LEI: 5299006GJZSGP78B8S35 | Long             | EC               | CORP              | KY        |   5704363 | NS      | $35037985.93  | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                           | United States Treasury Note/Bond                 | CUSIP: 91282CCK5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  70000000 | PA      | $68446875.00  | 1.21%             | 2023-06-30      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Rexford Industrial Realty Inc                    | Rexford Industrial Realty Inc                    | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               |  | US        |    304280 | NS      | $16625859.20  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Pacific Railway Ltd                     | Canadian Pacific Railway Ltd                     | CUSIP: 13645T100<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    353300 | NS      | $26340941.65  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                           | United States Treasury Inflation Indexed Bonds   | CUSIP: 912828N71<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  91291228 | PA      | $87628727.76  | 1.55%             | 2026-01-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | United States Treasury Inflation Indexed Bonds   | CUSIP: 912828H45<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  89800615 | PA      | $86138352.37  | 1.53%             | 2025-01-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Equinix Inc                                      | Equinix Inc                                      | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               |  | US        |    126464 | NS      | $82837713.92  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties Inc                  | Equity LifeStyle Properties Inc                  | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               |  | US        |    305410 | NS      | $19729486.00  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                            | LME NICKEL FUTURE MAR23                          | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       145 | NC      | $1592589.15   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Region RE Ltd                                    | Region RE Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |   5614000 | NS      | $10357851.25  | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Bunge Ltd                                        | Bunge Ltd                                        | CUSIP: 000000000<br>LEI: 5493007M0RIN8HY3MM77 | Long             | EC               | CORP              | BM        |    197026 | NS      | $19657284.02  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                           | SOYBEAN OIL FUTR DEC23                           | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       308 | NC      | $85786.87     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Co                                   | Halliburton Co                                   | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |    296000 | NS      | $11647600.00  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrovial SA                                     | Ferrovial SA                                     | CUSIP: 000000000<br>LEI: 95980020140005757903 | Long             | EC               | CORP              | ES        |   1933185 | NS      | $50758980.36  | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| ICE Futures U.S., Inc.                           | COTTON NO.2 FUTR JUL23                           | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |       231 | NC      | $-721181.87   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK Inc                                        | ONEOK Inc                                        | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |    878600 | NS      | $57724020.00  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                           | United States Treasury Inflation Indexed Bonds   | CUSIP: 9128286N5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  49443510 | PA      | $48080512.89  | 0.85%             | 2024-04-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | United States Treasury Inflation Indexed Bonds   | CUSIP: 912828XL9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  26478687 | PA      | $25429562.05  | 0.45%             | 2025-07-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| First Quantum Minerals Ltd                       | First Quantum Minerals Ltd                       | CUSIP: 335934105<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               | CORP              | CA        |    515418 | NS      | $10768962.50  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                           | SOYBEAN MEAL FUTR MAR23                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       247 | NC      | $1260570.57   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                     | GASOLINE RBOB FUT MAR23                          | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |        87 | NC      | $491876.88    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                                   | ConocoPhillips                                   | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |    160280 | NS      | $18913040.00  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                           | United States Treasury Note/Bond                 | CUSIP: 912828T26<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  32500000 | PA      | $31707812.50  | 0.56%             | 2023-09-30      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-27

**Name of Applicant:** DEUTSCHE DWS MARKET TRUST

**Signature:** Diane Kenneally

**Name of Signer:** Diane Kenneally

**Title:** Treasurer and Chief Financial Officer