# EDGAR Filing Document

**Accession Number:** 0000095603
**File Stem:** 0001410368-26-019312
**Filing Date:** 2026-2
**Character Count:** 107103
**Document Hash:** 9d78bb747cce906bf86e24f809ac4594
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-019312.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0001410368-26-019312

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DEUTSCHE DWS MARKET TRUST
- **CENTRAL INDEX KEY:** 0000095603

**ORGANIZATION NAME:**
- **EIN:** 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:** 26686869

**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, 2025 (Unaudited)** 

**DWS RREEF Real Assets Fund** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value ($)** |
| **Common Stocks 77.3%** |  |  |
| **Communication Services 1.5%** | **Communication Services 1.5%** |  |
| **Diversified Telecommunication Services**  | **Diversified Telecommunication Services**  |  |
| Cellnex Telecom SA 144A\*  | 1187296 | &nbsp;&nbsp; 38271101 |
| China Tower Corp. Ltd. "H" 144A  | 17712800 | &nbsp;&nbsp; 26303684 |
|  |  | &nbsp;&nbsp; **64574785** |
| **Consumer Staples 1.5%** | **Consumer Staples 1.5%** |  |
| **Food Products**  | **Food Products**  |  |
| Bunge Global SA  | 266700 | &nbsp;&nbsp; 23757636 |
| Darling Ingredients, Inc.\*  | 375079 | &nbsp;&nbsp; 13502844 |
| JBS NV "A"\*  | 1824700 | &nbsp;&nbsp; 26312174 |
|  |  | &nbsp;&nbsp; **63572654** |
| **Energy 14.5%** | **Energy 14.5%** |  |
| **Energy Equipment & Services 0.7%** | **Energy Equipment & Services 0.7%** |  |
| Baker Hughes Co.  | 239000 | &nbsp;&nbsp; 10884060 |
| SLB Ltd.  | 296300 | &nbsp;&nbsp; 11371994 |
| Solaris Energy Infrastructure, Inc.  | 212900 | &nbsp;&nbsp; 9787013 |
|  |  | &nbsp;&nbsp; **32043067** |
| **Oil, Gas & Consumable Fuels 13.8%** | **Oil, Gas & Consumable Fuels 13.8%** |  |
| BP PLC  | 3423200 | &nbsp;&nbsp; 20045755 |
| Cenovus Energy, Inc.  | 636100 | &nbsp;&nbsp; 10761169 |
| Chevron Corp.  | 216800 | &nbsp;&nbsp; 33042488 |
| DT Midstream, Inc.  | 539390 | &nbsp;&nbsp; 64554195 |
| Enbridge, Inc.  | 1818548 | &nbsp;&nbsp; 87022136 |
| Expand Energy Corp.  | 236960 | &nbsp;&nbsp; 26150906 |
| Gazprom PJSC (ADR)\* (a) | 1013306 | &nbsp;&nbsp; 0 |
| Keyera Corp.  | 906284 | &nbsp;&nbsp; 29052855 |
| LUKOIL PJSC \*\* (a) | 91202 | &nbsp;&nbsp; 0 |
| NexGen Energy Ltd.\*  | 1603700 | &nbsp;&nbsp; 14757008 |
| ONEOK, Inc.  | 399710 | &nbsp;&nbsp; 29378685 |
| Pembina Pipeline Corp. (b) | 280550 | &nbsp;&nbsp; 10688106 |
| Repsol SA  | 354600 | &nbsp;&nbsp; 6640521 |
| Shell PLC  | 1747358 | &nbsp;&nbsp; 64602409 |
| Suncor Energy, Inc.  | 474500 | &nbsp;&nbsp; 21060464 |
| TC Energy Corp. (b) | 1294843 | &nbsp;&nbsp; 71301034 |
| Williams Companies, Inc.  | 1946423 | &nbsp;&nbsp; 116999486 |
|  |  | &nbsp;&nbsp; **606057217** |
| **Health Care 0.2%** | **Health Care 0.2%** |  |
| **Health Care Providers & Services**  | **Health Care Providers & Services**  |  |
| Chartwell Retirement Residences (Units) | 661000 | &nbsp;&nbsp; **9679866** |

---

------

---

| | | |
|:---|:---|:---|
| **Industrials 6.6%** | **Industrials 6.6%** |  |
| **Commercial Services & Supplies 1.6%** | **Commercial Services & Supplies 1.6%** |  |
| GFL Environmental, Inc.  | 1031940 | &nbsp;&nbsp; 44321823 |
| Waste Connections, Inc.  | 148548 | &nbsp;&nbsp; 26049377 |
|  |  | &nbsp;&nbsp; **70371200** |
| **Construction & Engineering 1.5%** | **Construction & Engineering 1.5%** |  |
| Sacyr SA  | 2025087 | &nbsp;&nbsp; 9189986 |
| Vinci SA  | 385766 | &nbsp;&nbsp; 54433041 |
|  |  | &nbsp;&nbsp; **63623027** |
| **Ground Transportation 0.9%** | **Ground Transportation 0.9%** |  |
| CSX Corp.  | 863000 | &nbsp;&nbsp; 31283750 |
| Norfolk Southern Corp.  | 31911 | &nbsp;&nbsp; 9213344 |
|  |  | &nbsp;&nbsp; **40497094** |
| **Transportation Infrastructure 2.6%** | **Transportation Infrastructure 2.6%** |  |
| Aena SME SA 144A  | 885090 | &nbsp;&nbsp; 24765384 |
| Fraport AG Frankfurt Airport Services Worldwide\*  | 177628 | &nbsp;&nbsp; 14550407 |
| Grupo Aeroportuario del Pacifico SAB de CV (ADR)  | 114936 | &nbsp;&nbsp; 30300578 |
| Transurban Group (Units)  | 4552900 | &nbsp;&nbsp; 43074103 |
|  |  | &nbsp;&nbsp; **112690472** |
| **Materials 11.2%** | **Materials 11.2%** |  |
| **Chemicals 1.6%** | **Chemicals 1.6%** |  |
| CF Industries Holdings, Inc.  | 176810 | &nbsp;&nbsp; 13674485 |
| Corteva, Inc.  | 397416 | &nbsp;&nbsp; 26638795 |
| Nutrien Ltd. (b) | 512166 | &nbsp;&nbsp; 31613204 |
|  |  | &nbsp;&nbsp; **71926484** |
| **Containers & Packaging 1.8%** | **Containers & Packaging 1.8%** |  |
| Amcor PLC  | 1550000 | &nbsp;&nbsp; 12927000 |
| Avery Dennison Corp.  | 151370 | &nbsp;&nbsp; 27531175 |
| Ball Corp.  | 214700 | &nbsp;&nbsp; 11372659 |
| Smurfit WestRock PLC  | 706416 | &nbsp;&nbsp; 27317107 |
|  |  | &nbsp;&nbsp; **79147941** |
| **Metals & Mining 6.9%** | **Metals & Mining 6.9%** |  |
| Alcoa Corp.  | 350000 | &nbsp;&nbsp; 18599000 |
| Anglogold Ashanti PLC  | 167700 | &nbsp;&nbsp; 14301456 |
| Capstone Copper Corp.\*  | 1529377 | &nbsp;&nbsp; 15354497 |
| Glencore PLC\*  | 4122091 | &nbsp;&nbsp; 22569877 |
| Gold Fields Ltd. (ADR)  | 508800 | &nbsp;&nbsp; 22214208 |
| Ivanhoe Mines Ltd. "A"\*  | 2419785 | &nbsp;&nbsp; 27520195 |
| Kinross Gold Corp.  | 446500 | &nbsp;&nbsp; 12576365 |
| Newmont Corp.  | 299600 | &nbsp;&nbsp; 29915060 |
| Norsk Hydro ASA  | 2802600 | &nbsp;&nbsp; 21592305 |
| Rio Tinto PLC  | 644180 | &nbsp;&nbsp; 52070584 |
| Steel Dynamics, Inc.  | 175040 | &nbsp;&nbsp; 29660528 |
| Vale SA (ADR)  | 2726955 | &nbsp;&nbsp; 35532224 |
|  |  | &nbsp;&nbsp; **301906299** |
| **Paper & Forest Products 0.9%** | **Paper & Forest Products 0.9%** |  |
| Stora Enso Oyj "R"  | 1439000 | &nbsp;&nbsp; 17980476 |
| Suzano SA (ADR) (b) | 2327000 | &nbsp;&nbsp; 21734180 |
|  |  | &nbsp;&nbsp; **39714656** |

---

------

---

| | | |
|:---|:---|:---|
| **Real Estate 29.5%** | **Real Estate 29.5%** |  |
| **Diversified REITs 2.5%** | **Diversified REITs 2.5%** |  |
| Activia Properties, Inc.  | 9603 | &nbsp;&nbsp; 8620248 |
| British Land Co. PLC  | 3490207 | &nbsp;&nbsp; 19010901 |
| Broadstone Net Lease, Inc.  | 364715 | &nbsp;&nbsp; 6335100 |
| Essential Properties Realty Trust, Inc.  | 344015 | &nbsp;&nbsp; 10203485 |
| KDX Realty Investment Corp.  | 15330 | &nbsp;&nbsp; 17206342 |
| Mori Trust Reit, Inc.  | 33830 | &nbsp;&nbsp; 16862696 |
| Nomura Real Estate Master Fund, Inc.  | 6880 | &nbsp;&nbsp; 7597214 |
| Stockland  | 3587300 | &nbsp;&nbsp; 13675775 |
| Suntec Real Estate Investment Trust  | 8302900 | &nbsp;&nbsp; 9300068 |
|  |  | &nbsp;&nbsp; **108811829** |
| **Health Care REITs 3.9%** | **Health Care REITs 3.9%** |  |
| American Healthcare REIT, Inc.  | 587845 | &nbsp;&nbsp; 27663986 |
| Healthcare Realty Trust, Inc.  | 601700 | &nbsp;&nbsp; 10198815 |
| Omega Healthcare Investors, Inc.  | 574000 | &nbsp;&nbsp; 25451160 |
| Ventas, Inc.  | 535240 | &nbsp;&nbsp; 41416871 |
| Welltower, Inc.  | 365664 | &nbsp;&nbsp; 67870895 |
|  |  | &nbsp;&nbsp; **172601727** |
| **Hotel & Resort REITs 0.7%** | **Hotel & Resort REITs 0.7%** |  |
| Host Hotels & Resorts, Inc.  | 1779000 | &nbsp;&nbsp; **31541670** |
| **Industrial REITs 5.0%** | **Industrial REITs 5.0%** |  |
| EastGroup Properties, Inc.  | 63500 | &nbsp;&nbsp; 11311890 |
| First Industrial Realty Trust, Inc.  | 339658 | &nbsp;&nbsp; 19452214 |
| Goodman Group  | 1500131 | &nbsp;&nbsp; 30868975 |
| Granite Real Estate Investment Trust  | 12279 | &nbsp;&nbsp; 730988 |
| Industrial & Infrastructure Fund Investment Corp.  | 5636 | &nbsp;&nbsp; 5549006 |
| Mapletree Logistics Trust  | 15993700 | &nbsp;&nbsp; 16385741 |
| Mitsui Fudosan Logistics Park, Inc.  | 27676 | &nbsp;&nbsp; 21562133 |
| Nippon Prologis REIT, Inc.  | 16696 | &nbsp;&nbsp; 9877194 |
| Prologis, Inc.  | 793260 | &nbsp;&nbsp; 101267571 |
|  |  | &nbsp;&nbsp; **217005712** |
| **Office REITs 0.2%** | **Office REITs 0.2%** |  |
| Dexus (b) | 1888300 | &nbsp;&nbsp; 8701921 |
| Kilroy Realty Corp.  | 52689 | &nbsp;&nbsp; 1968988 |
|  |  | &nbsp;&nbsp; **10670909** |
| **Real Estate Management & Development 4.3%** | **Real Estate Management & Development 4.3%** |  |
| Catena AB  | 164000 | &nbsp;&nbsp; 8014611 |
| City Developments Ltd.  | 1902700 | &nbsp;&nbsp; 11836742 |
| CTP NV 144A  | 851014 | &nbsp;&nbsp; 17837709 |
| Fastighets AB Balder "B"\*  | 2275618 | &nbsp;&nbsp; 16818253 |
| Henderson Land Development Co., Ltd.  | 4678000 | &nbsp;&nbsp; 16897622 |
| Hongkong Land Holdings Ltd.  | 1466700 | &nbsp;&nbsp; 10187214 |
| Mitsubishi Estate Co., Ltd.  | 1069200 | &nbsp;&nbsp; 26107574 |
| Sumitomo Realty & Development Co., Ltd.  | 1410800 | &nbsp;&nbsp; 35462376 |
| Sun Hung Kai Properties Ltd.  | 1405000 | &nbsp;&nbsp; 17100880 |
| Swiss Prime Site AG (Registered)  | 88708 | &nbsp;&nbsp; 13783759 |
| Wharf Real Estate Investment Co., Ltd.  | 2704000 | &nbsp;&nbsp; 8534192 |
| Wihlborgs Fastigheter AB  | 747922 | &nbsp;&nbsp; 7403715 |
|  |  | &nbsp;&nbsp; **189984647** |
| **Residential REITs 2.1%** | **Residential REITs 2.1%** |  |
| Centurion Accommodation REIT\*  | 13338000 | &nbsp;&nbsp; 11534952 |
| Equity Residential  | 375500 | &nbsp;&nbsp; 23671520 |
| Mid-America Apartment Communities, Inc.  | 215940 | &nbsp;&nbsp; 29996225 |

---

------

---

| | | |
|:---|:---|:---|
| Sun Communities, Inc.  | 186050 | &nbsp;&nbsp; 23053456 |
| UNITE Group PLC  | 461026 | &nbsp;&nbsp; 3481916 |
|  |  | &nbsp;&nbsp; **91738069** |
| **Retail REITs 3.7%** | **Retail REITs 3.7%** |  |
| Agree Realty Corp.  | 217198 | &nbsp;&nbsp; 15644772 |
| Choice Properties Real Estate Investment Trust (b) | 1066000 | &nbsp;&nbsp; 11502284 |
| First Capital Real Estate Investment Trust (b) | 725838 | &nbsp;&nbsp; 9994782 |
| Lendlease Global Commercial REIT  | 27520200 | &nbsp;&nbsp; 13262043 |
| Link REIT  | 3780941 | &nbsp;&nbsp; 16823240 |
| Simon Property Group, Inc.  | 397662 | &nbsp;&nbsp; 73611213 |
| Unibail-Rodamco-Westfield \*  | 201679 | &nbsp;&nbsp; 21999103 |
|  |  | &nbsp;&nbsp; **162837437** |
| **Specialized REITs 7.1%** | **Specialized REITs 7.1%** |  |
| American Tower Corp.  | 608945 | &nbsp;&nbsp; 106912474 |
| Big Yellow Group PLC  | 487816 | &nbsp;&nbsp; 6867489 |
| Crown Castle, Inc.  | 477202 | &nbsp;&nbsp; 42408942 |
| CubeSmart  | 116789 | &nbsp;&nbsp; 4210243 |
| Digital Realty Trust, Inc.  | 58280 | &nbsp;&nbsp; 9016499 |
| Equinix, Inc.  | 67118 | &nbsp;&nbsp; 51423127 |
| Extra Space Storage, Inc.  | 278664 | &nbsp;&nbsp; 36287626 |
| Iron Mountain, Inc.  | 199030 | &nbsp;&nbsp; 16509538 |
| Lamar Advertising Co. "A"  | 82700 | &nbsp;&nbsp; 10468166 |
| SBA Communications Corp.  | 79824 | &nbsp;&nbsp; 15440356 |
| Smartstop Self Storage REIT, Inc. (b) | 343721 | &nbsp;&nbsp; 10634728 |
|  |  | &nbsp;&nbsp; **310179188** |
| **Utilities 12.3%** | **Utilities 12.3%** |  |
| **Electric Utilities 4.1%** | **Electric Utilities 4.1%** |  |
| Exelon Corp.  | 1187745 | &nbsp;&nbsp; 51773805 |
| PG&E Corp.  | 3242249 | &nbsp;&nbsp; 52102941 |
| Redeia Corp. SA (b) | 1655594 | &nbsp;&nbsp; 29620322 |
| Terna - Rete Elettrica Nazionale  | 2037817 | &nbsp;&nbsp; 21697431 |
| Xcel Energy, Inc.  | 313632 | &nbsp;&nbsp; 23164860 |
|  |  | &nbsp;&nbsp; **178359359** |
| **Gas Utilities 2.4%** | **Gas Utilities 2.4%** |  |
| Atmos Energy Corp.  | 246065 | &nbsp;&nbsp; 41247876 |
| ENN Energy Holdings Ltd.  | 2377700 | &nbsp;&nbsp; 21110934 |
| Hong Kong & China Gas Co., Ltd.  | 15454000 | &nbsp;&nbsp; 13913896 |
| Spire, Inc. (b) | 139300 | &nbsp;&nbsp; 11520110 |
| Tokyo Gas Co., Ltd.  | 438530 | &nbsp;&nbsp; 17379761 |
|  |  | &nbsp;&nbsp; **105172577** |
| **Independent Power & Renewable Electricity Producers 0.3%** | **Independent Power & Renewable Electricity Producers 0.3%** |  |
| Orsted AS 144A\* | 740859 | &nbsp;&nbsp; **14150899** |
| **Multi-Utilities 4.2%** | **Multi-Utilities 4.2%** |  |
| CenterPoint Energy, Inc.  | 658798 | &nbsp;&nbsp; 25258315 |
| National Grid PLC  | 5013005 | &nbsp;&nbsp; 77142943 |
| NiSource, Inc.  | 1210188 | &nbsp;&nbsp; 50537451 |
| Sempra  | 371700 | &nbsp;&nbsp; 32817393 |
|  |  | &nbsp;&nbsp; **185756102** |
| **Water Utilities 1.3%** | **Water Utilities 1.3%** |  |
| Cia de Saneamento Basico do Estado de Sao Paulo SABESP (ADR) (b) | 600850 | &nbsp;&nbsp; 14330285 |

---

------

---

| | | |
|:---|:---|:---|
| Pennon Group PLC  | 1861200 | &nbsp;&nbsp; 13234330 |
| Severn Trent PLC  | 790203 | &nbsp;&nbsp; 29683750 |
|  |  | &nbsp;&nbsp; **57248365** |
| **Total Common Stocks** (Cost $2,896,381,810) |  | &nbsp;&nbsp; **3391863252** |

---

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

---

| | | |
|:---|:---|:---|
|  | **Principal** <br>**Amount ($)**<br>| **Value ($)** |
| **Government & Agency Obligations 20.3%** | **Government & Agency Obligations 20.3%** |  |
| **U.S. Treasury Obligations**  | **U.S. Treasury Obligations**  |  |
| U.S. Treasury Bills: |  |  |
| &nbsp;&nbsp;&nbsp; 3.506% (c), 2/17/2026  | 30000000 | &nbsp;&nbsp; 29864543 |
| &nbsp;&nbsp;&nbsp; 3.535% (c), 1/22/2026  | 10000000 | &nbsp;&nbsp; 9980259 |
| &nbsp;&nbsp;&nbsp; 3.541% (c), 1/22/2026  | 50000000 | &nbsp;&nbsp; 49901296 |
| &nbsp;&nbsp;&nbsp; 3.546% (c), 2/17/2026  | 55000000 | &nbsp;&nbsp; 54751662 |
| &nbsp;&nbsp;&nbsp; 3.551% (c), 2/10/2026  | 50000000 | &nbsp;&nbsp; 49808325 |
| &nbsp;&nbsp;&nbsp; 3.558% (c), 2/10/2026  | 5000000 | &nbsp;&nbsp; 4980833 |
| &nbsp;&nbsp;&nbsp; 3.563% (c), 1/22/2026  | 15000000 | &nbsp;&nbsp; 14970389 |
| &nbsp;&nbsp;&nbsp; 3.566% (c), 2/10/2026  | 35000000 | &nbsp;&nbsp; 34865828 |
| &nbsp;&nbsp;&nbsp; 3.63% (c), 1/22/2026  | 10000000 | &nbsp;&nbsp; 9980259 |
| U.S. Treasury Inflation-Indexed Bonds, 1.375%, 2/15/2044 | 12992892 | &nbsp;&nbsp; 10874468 |
| U.S. Treasury Inflation-Indexed Notes: |  |  |
| &nbsp;&nbsp;&nbsp; 0.125% , 7/15/2031  | 66362157 | &nbsp;&nbsp; 61483964 |
| &nbsp;&nbsp;&nbsp; 0.25% , 7/15/2029  | 51754007 | &nbsp;&nbsp; 49859197 |
| &nbsp;&nbsp;&nbsp; 0.375% , 7/15/2027  | 48893215 | &nbsp;&nbsp; 48322243 |
| &nbsp;&nbsp;&nbsp; 0.5% , 1/15/2028  | 17382026 | &nbsp;&nbsp; 17074941 |
| &nbsp;&nbsp;&nbsp; 0.625% , 7/15/2032  | 51758330 | &nbsp;&nbsp; 48554199 |
| &nbsp;&nbsp;&nbsp; 0.875% , 1/15/2029  | 51939756 | &nbsp;&nbsp; 51131585 |
| &nbsp;&nbsp;&nbsp; 1.375% , 7/15/2033  | 22148263 | &nbsp;&nbsp; 21587071 |
| U.S. Treasury Notes, 0.375%, 1/31/2026 | 322250000 | &nbsp;&nbsp; 321412762 |
| **Total Government & Agency Obligations** (Cost $888,871,008) | **Total Government & Agency Obligations** (Cost $888,871,008) | &nbsp;&nbsp; **889403824** |

---

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value ($)** |
| **Securities Lending Collateral 4.3%** | **Securities Lending Collateral 4.3%** |  |
| &nbsp;&nbsp;&nbsp; DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional <br> Shares", 3.66% (d) (e) <br>(Cost $189,414,360)<br>| 189414360 | &nbsp;&nbsp; **189414360** |
| **Cash Equivalents 1.4%** | **Cash Equivalents 1.4%** |  |
| &nbsp;&nbsp;&nbsp; DWS Central Cash Management Government Fund, <br>3.77% (d) (Cost $62,340,734)<br>| 62340734 | &nbsp;&nbsp; **62340734** |

---

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

---

| | | |
|:---|:---|:---|
|  | **% of** <br>**Net Assets**<br>| **Value ($)** |
| **Total Consolidated Investment Portfolio** (Cost $4,037,007,912) | 103.3 | &nbsp;&nbsp; **4533022170** |
| **Other Assets and Liabilities, Net** | (3.3)<br>| &nbsp;&nbsp; **(146079493)**<br>|
| **Net Assets** | 100.0 | &nbsp;&nbsp; **4386942677** |

---

*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, 2025 are as follows:* 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Value ($) at** <br>**3/31/2025**<br>| **Purchases** <br>**Cost ($)**<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 ($)**<br>| **Number** <br>**of Shares** <br>**at** <br>**12/31/2025**<br>| **Value ($) at** <br>**12/31/2025**<br>|
| **Securities Lending Collateral 4.3%** | **Securities Lending Collateral 4.3%** | **Securities Lending Collateral 4.3%** | **Securities Lending Collateral 4.3%** | **Securities Lending Collateral 4.3%** | **Securities Lending Collateral 4.3%** | **Securities Lending Collateral 4.3%** | **Securities Lending Collateral 4.3%** | **Securities Lending Collateral 4.3%** |
| DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.66% (d) (e) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.66% (d) (e) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.66% (d) (e) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.66% (d) (e) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.66% (d) (e) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.66% (d) (e) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.66% (d) (e) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.66% (d) (e) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.66% (d) (e) |
| 82017750  | 107,396,610 (f) | —  | —  | —  | 1200739  | —  | 189414360  | 189414360  |
| **Cash Equivalents 1.4%** | **Cash Equivalents 1.4%** | **Cash Equivalents 1.4%** | **Cash Equivalents 1.4%** | **Cash Equivalents 1.4%** | **Cash Equivalents 1.4%** | **Cash Equivalents 1.4%** | **Cash Equivalents 1.4%** | **Cash Equivalents 1.4%** |
| DWS Central Cash Management Government Fund, 3.77% (d) | DWS Central Cash Management Government Fund, 3.77% (d) | DWS Central Cash Management Government Fund, 3.77% (d) | DWS Central Cash Management Government Fund, 3.77% (d) | DWS Central Cash Management Government Fund, 3.77% (d) | DWS Central Cash Management Government Fund, 3.77% (d) | DWS Central Cash Management Government Fund, 3.77% (d) | DWS Central Cash Management Government Fund, 3.77% (d) | DWS Central Cash Management Government Fund, 3.77% (d) |
| 117620412  | 1608794733  | 1664074411  | —  | —  | 1914760  | —  | 62340734  | 62340734  |
| **199638162** | **1716191343** | **1664074411** | **—** | **—** | **3115499** | **—** | **251755094** | **251755094** |

---

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

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

*\*\** *Non-income producing security; due to applicable sanctions, dividend income was not recorded.*

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

*(b)* *All or a portion of these securities were on loan. In addition, "Other Assets and Liabilities, Net" may include pending sales that* *are also on loan. The value of securities loaned at December 31, 2025 amounted to $188,216,304, which is 4.3% of net assets.* 

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

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

*(e)* *Represents cash collateral held in connection with securities lending. Income earned by the Fund is net of borrower rebates. In* *addition, the Fund held non-cash U.S. Treasury securities collateral having a value of $10,054,192.* 

*(f)* *Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount invested in cash collateral for the period* *ended December 31, 2025.* 

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

---

| |
|:---|
| *144A: Security exempt from registration under Rule 144A under the Securities Act of 1933. These securities may be resold in* <br> *transactions 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* |
| *REIT: Real Estate Investment Trust* |
| *ULSD: Ultra-Low Sulfur Diesel* |
| *WTI: West Texas Intermediate* |

---

*At December 31, 2025, 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  | USD | 1/30/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 230<br>| &nbsp;&nbsp;&nbsp;&nbsp; 14741042 | &nbsp;&nbsp;&nbsp;&nbsp; 13995500<br>| &nbsp;&nbsp;&nbsp;&nbsp; (745542)<br>|
| Coffee  | USD | 3/19/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 55<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8099703 | &nbsp;&nbsp;&nbsp;&nbsp; 7192969<br>| &nbsp;&nbsp;&nbsp;&nbsp; (906734)<br>|
| Copper  | USD | 3/27/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 423<br>| &nbsp;&nbsp;&nbsp;&nbsp; 55204619 | &nbsp;&nbsp;&nbsp;&nbsp; 60087150<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4882531 |
| Corn  | USD | 3/13/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 943<br>| &nbsp;&nbsp;&nbsp;&nbsp; 21034292 | &nbsp;&nbsp;&nbsp;&nbsp; 20757788<br>| &nbsp;&nbsp;&nbsp;&nbsp; (276504)<br>|
| Cotton No. 2  | USD | 3/9/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 237<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7905629 | &nbsp;&nbsp;&nbsp;&nbsp; 7615995<br>| &nbsp;&nbsp;&nbsp;&nbsp; (289634)<br>|
| Gold 100 Troy <br> Ounces <br>| USD | 2/25/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 394<br>| &nbsp;&nbsp;&nbsp;&nbsp; 158824898 | &nbsp;&nbsp;&nbsp;&nbsp; 171039340<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12214442 |
| Kansas City HRW <br> Wheat <br>| USD | 3/13/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 169<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4542492 | &nbsp;&nbsp;&nbsp;&nbsp; 4349638<br>| &nbsp;&nbsp;&nbsp;&nbsp; (192854)<br>|
| Lean Hogs  | USD | 2/13/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 503<br>| &nbsp;&nbsp;&nbsp;&nbsp; 16502639 | &nbsp;&nbsp;&nbsp;&nbsp; 17122120<br>| &nbsp;&nbsp;&nbsp;&nbsp; 619481 |
| Live Cattle  | USD | 2/27/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 236<br>| &nbsp;&nbsp;&nbsp;&nbsp; 21606230 | &nbsp;&nbsp;&nbsp;&nbsp; 21863040<br>| &nbsp;&nbsp;&nbsp;&nbsp; 256810 |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **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>|
| LME Nickel  | USD | 1/19/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 117<br>| &nbsp;&nbsp;&nbsp;&nbsp; 10771550 | &nbsp;&nbsp;&nbsp;&nbsp; 11614990<br>| &nbsp;&nbsp;&nbsp;&nbsp; 843440 |
| LME Nickel  | USD | 3/16/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 97<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8700117 | &nbsp;&nbsp;&nbsp;&nbsp; 9683857<br>| &nbsp;&nbsp;&nbsp;&nbsp; 983740 |
| LME Primary <br> Aluminum <br>| USD | 1/19/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 720<br>| &nbsp;&nbsp;&nbsp;&nbsp; 48743850 | &nbsp;&nbsp;&nbsp;&nbsp; 53618400<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4874550 |
| LME Primary <br> Aluminum <br>| USD | 3/16/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 817<br>| &nbsp;&nbsp;&nbsp;&nbsp; 59058760 | &nbsp;&nbsp;&nbsp;&nbsp; 61162050<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2103290 |
| LME Zinc  | USD | 1/19/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 101<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7517297 | &nbsp;&nbsp;&nbsp;&nbsp; 7811239<br>| &nbsp;&nbsp;&nbsp;&nbsp; 293942 |
| LME Zinc  | USD | 3/16/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 98<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7585331 | &nbsp;&nbsp;&nbsp;&nbsp; 7641354<br>| &nbsp;&nbsp;&nbsp;&nbsp; 56023 |
| Low Sulfur Gas <br> Oil <br>| USD | 3/12/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 141<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8767103 | &nbsp;&nbsp;&nbsp;&nbsp; 8682075<br>| &nbsp;&nbsp;&nbsp;&nbsp; (85028)<br>|
| Natural Gas  | USD | 2/25/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 479<br>| &nbsp;&nbsp;&nbsp;&nbsp; 17624902 | &nbsp;&nbsp;&nbsp;&nbsp; 14992700<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2632202)<br>|
| Natural Gas  | USD | 3/27/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 514<br>| &nbsp;&nbsp;&nbsp;&nbsp; 18691912 | &nbsp;&nbsp;&nbsp;&nbsp; 16206420<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2485492)<br>|
| NY Harbor ULSD  | USD | 2/27/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 84<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7939095 | &nbsp;&nbsp;&nbsp;&nbsp; 7420795<br>| &nbsp;&nbsp;&nbsp;&nbsp; (518300)<br>|
| RBOB Gasoline  | USD | 2/27/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 146<br>| &nbsp;&nbsp;&nbsp;&nbsp; 10899078 | &nbsp;&nbsp;&nbsp;&nbsp; 10678878<br>| &nbsp;&nbsp;&nbsp;&nbsp; (220200)<br>|
| Silver  | USD | 3/27/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 196<br>| &nbsp;&nbsp;&nbsp;&nbsp; 47373434 | &nbsp;&nbsp;&nbsp;&nbsp; 69190940<br>| &nbsp;&nbsp;&nbsp;&nbsp; 21817506 |
| Soybean  | USD | 3/13/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 412<br>| &nbsp;&nbsp;&nbsp;&nbsp; 23020185 | &nbsp;&nbsp;&nbsp;&nbsp; 21578500<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1441685)<br>|
| Soybean Meal  | USD | 3/13/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 217<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6805423 | &nbsp;&nbsp;&nbsp;&nbsp; 6496980<br>| &nbsp;&nbsp;&nbsp;&nbsp; (308443)<br>|
| Soybean Oil  | USD | 3/13/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 701<br>| &nbsp;&nbsp;&nbsp;&nbsp; 21860702 | &nbsp;&nbsp;&nbsp;&nbsp; 20424336<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1436366)<br>|
| Sugar No. 11  | USD | 2/27/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 579<br>| &nbsp;&nbsp;&nbsp;&nbsp; 10381542 | &nbsp;&nbsp;&nbsp;&nbsp; 9733685<br>| &nbsp;&nbsp;&nbsp;&nbsp; (647857)<br>|
| Wheat  | USD | 3/13/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 343<br>| &nbsp;&nbsp;&nbsp;&nbsp; 9358140 | &nbsp;&nbsp;&nbsp;&nbsp; 8695050<br>| &nbsp;&nbsp;&nbsp;&nbsp; (663090)<br>|
| WTI Crude Oil  | USD | 2/20/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 432<br>| &nbsp;&nbsp;&nbsp;&nbsp; 25870688 | &nbsp;&nbsp;&nbsp;&nbsp; 24719040<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1151648)<br>|
| **Total** | **Total** | **Total** | **Total** |  | &nbsp;&nbsp;&nbsp; **694374829** | &nbsp;&nbsp;&nbsp; **34944176** |

---

*At December 31, 2025, 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  | USD | 1/19/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 117<br>| &nbsp;&nbsp;&nbsp;&nbsp; 10462484 | &nbsp;&nbsp;&nbsp;&nbsp; 11614990<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1152506)<br>|
| LME Nickel  | USD | 3/16/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 10<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1002130 | &nbsp;&nbsp;&nbsp;&nbsp; 998336<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3794 |
| LME Primary <br> Aluminum <br>| USD | 1/19/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 720<br>| &nbsp;&nbsp;&nbsp;&nbsp; 51679122 | &nbsp;&nbsp;&nbsp;&nbsp; 53618400<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1939278)<br>|
| LME Primary <br> Aluminum <br>| USD | 3/16/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 13<br>| &nbsp;&nbsp;&nbsp;&nbsp; 972429 | &nbsp;&nbsp;&nbsp;&nbsp; 973203<br>| &nbsp;&nbsp;&nbsp;&nbsp; (774)<br>|
| LME Zinc  | USD | 1/19/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 101<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7885260 | &nbsp;&nbsp;&nbsp;&nbsp; 7811239<br>| &nbsp;&nbsp;&nbsp;&nbsp; 74021 |
| LME Zinc  | USD | 3/16/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 43<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3413930 | &nbsp;&nbsp;&nbsp;&nbsp; 3352839<br>| &nbsp;&nbsp;&nbsp;&nbsp; 61091 |
| **Total** | **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp;&nbsp;&nbsp; **78369007** | &nbsp;&nbsp;&nbsp;&nbsp; **(2953652)**<br>|

---

***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 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, 2025, the Fund held $617,569,511 in the Subsidiary, representing 13.4% 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, 2025 in valuing the Fund's investments.* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Assets** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Common Stocks  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Communication Services  | $— | &nbsp;&nbsp; $64574785 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $64574785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Staples  | 63572654 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 63572654 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy  | 546811599 | &nbsp;&nbsp; 91288685 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 638100284 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Care  | 9679866 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 9679866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrials  | 141168872 | &nbsp;&nbsp; 146012921 | &nbsp;&nbsp; — | &nbsp;&nbsp; 287181793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Materials  | 378482138 | &nbsp;&nbsp; 114213242 | &nbsp;&nbsp; — | &nbsp;&nbsp; 492695380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Real Estate  | 846199584 | &nbsp;&nbsp; 449171604 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1295371188 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Utilities  | 302753036 | &nbsp;&nbsp; 237934266 | &nbsp;&nbsp; — | &nbsp;&nbsp; 540687302 |
| Government & Agency Obligations  |  | &nbsp;&nbsp; 889403824 | &nbsp;&nbsp; — | &nbsp;&nbsp; 889403824 |
| Short-Term Investments (a) | 251755094 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 251755094 |
| Derivatives (b) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts  | 49084661 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 49084661 |
| **Total** | **$2589507504** | &nbsp;&nbsp; **$1992599327** | &nbsp;&nbsp; **$0** | &nbsp;&nbsp; **$4582106831** |

---

&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  | $(17094137)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(17094137)<br>|
| **Total** | **$(17094137)**<br>| &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$(17094137)**<br>|

---

&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.* 

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.

DRAF-PH3

------

## 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:** 2026-03-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $4580381876.19

**Total Liabilities:** $193850078.18

**Net Assets:** $4386531798.01

**Amount of Assets Invested in Other Investment Companies:** $629528354.19

**Cash Not Reported:** $451925.69

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000099688 | -0.87%               | 2.87%                | -0.02%               |
| Class ID C000099689 | -0.95%               | 2.87%                | -0.12%               |
| Class ID C000099690 | -0.88%               | 2.90%                | 0.02%                |
| Class ID C000099691 | -0.80%               | 2.90%                | -0.03%               |
| Class ID C000101767 | -0.94%               | 2.92%                | -0.11%               |
| Class ID C000151995 | -0.88%               | 2.90%                | -0.01%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5428536.92              | $-60655931.13                              |
| Month 2  | $-14029720.69            | $113080426.58                              |
| Month 3  | $-8023651.77             | $-20522312.04                              |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Agree Realty Corp                                      | Agree Realty Corp                                                                     | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               |  | US        |    217198 | NS      | $15644771.94  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| British Land Co PLC/The                                | British Land Co PLC/The                                                               | CUSIP: 000000000<br>LEI: RV5B68J2GV3QGMRPW209 | Long             | EC               |  | GB        |   3490207 | NS      | $19010900.90  | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Alcoa Corp                                             | Alcoa Corp                                                                            | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |    350000 | NS      | $18599000.00  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Big Yellow Group PLC                                   | Big Yellow Group PLC                                                                  | CUSIP: 000000000<br>LEI: 213800W7Q4V2ZI8LIW31 | Long             | EC               |  | GB        |    487816 | NS      | $6867489.02   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| American Tower Corp                                    | American Tower Corp                                                                   | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               |  | US        |    608945 | NS      | $106912473.65 | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmos Energy Corp                                      | Atmos Energy Corp                                                                     | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |    246065 | NS      | $41247875.95  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corp                                    | Avery Dennison Corp                                                                   | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |    151370 | NS      | $27531175.60  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co                                        | Baker Hughes Co                                                                       | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    239000 | NS      | $10884060.00  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Ball Corp                                              | Ball Corp                                                                             | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |    208000 | NS      | $11017760.00  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITE Group PLC/The                                    | UNITE Group PLC/The                                                                   | CUSIP: 000000000<br>LEI: 213800BBUUWVDH9YI827 | Long             | EC               |  | GB        |    461026 | NS      | $3481915.95   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Rio Tinto PLC                                          | Rio Tinto PLC                                                                         | CUSIP: 000000000<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |    644180 | NS      | $52070583.23  | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| BP PLC                                                 | BP PLC                                                                                | CUSIP: 000000000<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |   3845800 | NS      | $22520438.96  | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Broadstone Net Lease Inc                               | Broadstone Net Lease Inc                                                              | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               |  | US        |    364715 | NS      | $6335099.55   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc                             | CF Industries Holdings Inc                                                            | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |    176810 | NS      | $13674485.40  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                                               | CSX Corp                                                                              | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |    863000 | NS      | $31283750.00  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Capstone Copper Corp                                   | Capstone Copper Corp                                                                  | CUSIP: 14071L108<br>LEI: 549300III6KGKKC42W63 | Long             | EC               | CORP              | CA        |   1529377 | NS      | $15354497.15  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| DWS                                                    | DWS Government & Agency Securities Portfolio DWS Government Cash Institutional Shares | CUSIP: 147539670<br>LEI: N/A                  | Long             | STIV             | RF                | US        | 189414360 | NS      | $189414360.00 | 4.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Cenovus Energy Inc                                     | Cenovus Energy Inc                                                                    | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |    636100 | NS      | $10761168.63  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CenterPoint Energy Inc                                 | CenterPoint Energy Inc                                                                | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |    658798 | NS      | $25258315.32  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Chartwell Retirement Residences                        | Chartwell Retirement Residences                                                       | CUSIP: 16141A103<br>LEI: 549300M7UBEIZBWP4069 | Long             | EC               | CORP              | CA        |    661000 | NS      | $9679865.94   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp                                     | Expand Energy Corp                                                                    | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |    236960 | NS      | $26150905.60  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                                           | Chevron Corp                                                                          | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    228000 | NS      | $34749480.00  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Choice Properties Real Estate Investment Trust         | Choice Properties Real Estate Investment Trust                                        | CUSIP: 17039A106<br>LEI: 5493007MYGFSLOZGT937 | Long             | EC               |  | CA        |   1066000 | NS      | $11502284.07  | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| Cia de Saneamento Basico do Estado de Sao Paulo SABESP | Cia de Saneamento Basico do Estado de Sao Paulo SABESP                                | CUSIP: 20441A102<br>LEI: 254900UOXRZRS2TNWP19 | Long             | EC               | CORP              | BR        |    600851 | NS      | $14330284.59  | 0.33%             |  |  |  | No            |                  1 | On Loan: —       |
| Corteva Inc                                            | Corteva Inc                                                                           | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |    397416 | NS      | $26638794.48  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc                                       | Crown Castle Inc                                                                      | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               |  | US        |    477202 | NS      | $42408941.74  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart                                              | CubeSmart                                                                             | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               |  | US        |    117408 | NS      | $4232558.40   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc                                       | DT Midstream Inc                                                                      | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    528390 | NS      | $63237715.20  | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Darling Ingredients Inc                                | Darling Ingredients Inc                                                               | CUSIP: 237266101<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | EC               | CORP              | US        |    375079 | NS      | $13502844.00  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc                               | Digital Realty Trust Inc                                                              | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               |  | US        |     58280 | NS      | $9016498.80   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties Inc                               | EastGroup Properties Inc                                                              | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               |  | US        |     63500 | NS      | $11311890.00  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc                                           | Enbridge Inc                                                                          | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |   1818548 | NS      | $87022135.91  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                                            | Equinix Inc                                                                           | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               |  | US        |     67118 | NS      | $51423126.88  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                                     | Equity Residential                                                                    | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               |  | US        |    375500 | NS      | $23671520.00  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Trust Inc                  | Essential Properties Realty Trust Inc                                                 | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               |  | US        |    344015 | NS      | $10203484.90  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                                            | Exelon Corp                                                                           | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |   1187745 | NS      | $51773804.55  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage Inc                                | Extra Space Storage Inc                                                               | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               |  | US        |    278664 | NS      | $36287626.08  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| First Capital Real Estate Investment Trust             | First Capital Real Estate Investment Trust                                            | CUSIP: 31890B103<br>LEI: 54930042UG2WCIIAQZ39 | Long             | EC               |  | CA        |    734318 | NS      | $10111551.64  | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| First Industrial Realty Trust Inc                      | First Industrial Realty Trust Inc                                                     | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               |  | US        |    339658 | NS      | $19452213.66  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| GFL Environmental Inc                                  | GFL Environmental Inc                                                                 | CUSIP: 36168Q104<br>LEI: 894500E7NLBY9VZRT696 | Long             | EC               | CORP              | CA        |   1025140 | NS      | $44029763.00  | 1.00%             |  |  |  | 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      |
| Gold Fields Ltd                                        | Gold Fields Ltd                                                                       | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |    508800 | NS      | $22214208.00  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Granite Real Estate Investment Trust                   | Granite Real Estate Investment Trust                                                  | CUSIP: 387437205<br>LEI: 549300A6I7CLE0ZC0396 | Long             | EC               |  | CA        |      9851 | NS      | $586445.09    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| American Healthcare REIT Inc                           | American Healthcare REIT Inc                                                          | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               |  | US        |    587845 | NS      | $27663985.70  | 0.63%             |  |  |  | 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        |    114936 | NS      | $30300577.68  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Realty Trust Inc                            | Healthcare Realty Trust Inc                                                           | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               |  | US        |    601700 | NS      | $10198815.00  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Host Hotels & Resorts Inc                              | Host Hotels & Resorts Inc                                                             | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               |  | US        |   1746000 | NS      | $30956580.00  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain Inc                                      | Iron Mountain Inc                                                                     | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               |  | US        |    199030 | NS      | $16509538.50  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Ivanhoe Mines Ltd                                      | Ivanhoe Mines Ltd                                                                     | CUSIP: 46579R104<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               | CORP              | CA        |   2333285 | NS      | $26536431.35  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Keyera Corp                                            | Keyera Corp                                                                           | CUSIP: 493271100<br>LEI: 254900LXI62FUHZGH122 | Long             | EC               | CORP              | CA        |    906284 | NS      | $29052854.91  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Kilroy Realty Corp                                     | Kilroy Realty Corp                                                                    | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               |  | US        |     54559 | NS      | $2038869.83   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinross Gold Corp                                      | Kinross Gold Corp                                                                     | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | CA        |    418300 | NS      | $11782068.41  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Stora Enso Oyj                                         | Stora Enso Oyj                                                                        | CUSIP: 000000000<br>LEI: 7437000ZP669LKUTZ738 | Long             | EC               | CORP              | FI        |   1439000 | NS      | $17980475.97  | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Lamar Advertising Co                                   | Lamar Advertising Co                                                                  | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               |  | US        |     82700 | NS      | $10468166.00  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Sacyr SA                                               | Sacyr SA                                                                              | CUSIP: 000000000<br>LEI: 959800XKAB9VNAVN9425 | Long             | EC               | CORP              | ES        |   2025087 | NS      | $9189986.59   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Repsol SA                                              | Repsol SA                                                                             | CUSIP: 000000000<br>LEI: BSYCX13Y0NOTV14V9N85 | Long             | EC               | CORP              | ES        |    354600 | NS      | $6640520.81   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Mid-America Apartment Communities Inc                  | Mid-America Apartment Communities Inc                                                 | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               |  | US        |    215940 | NS      | $29996225.40  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| City Developments Ltd                                  | City Developments Ltd                                                                 | CUSIP: 000000000<br>LEI: 254900BPLPJS0RJ72373 | Long             | EC               | CORP              | SG        |   1902700 | NS      | $11836741.99  | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Transurban Group                                       | Transurban Group                                                                      | CUSIP: 000000000<br>LEI: 549300ZR71SUQ4VUTM79 | Long             | EC               | CORP              | AU        |   4552900 | NS      | $43074103.02  | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| ENN Energy Holdings Ltd                                | ENN Energy Holdings Ltd                                                               | CUSIP: 000000000<br>LEI: 549300V7BXPWT6WIPR03 | Long             | EC               | CORP              | KY        |   2377700 | NS      | $21110934.64  | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Henderson Land Development Co Ltd                      | Henderson Land Development Co Ltd                                                     | CUSIP: 000000000<br>LEI: 529900SYQB7IVR9QGN76 | Long             | EC               | CORP              | HK        |   4678000 | NS      | $16897621.59  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Hongkong Land Holdings Ltd                             | Hongkong Land Holdings Ltd                                                            | CUSIP: 000000000<br>LEI: 213800XCHYNRPAYGXW28 | Long             | EC               | CORP              | BM        |   1466700 | NS      | $10187214.19  | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Hong Kong & China Gas Co Ltd                           | Hong Kong & China Gas Co Ltd                                                          | CUSIP: 000000000<br>LEI: 254900P7BETXGC7YU827 | Long             | EC               | CORP              | HK        |  15454000 | NS      | $13913895.83  | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Newmont Corp                                           | Newmont Corp                                                                          | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |    299600 | NS      | $29915060.00  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| NexGen Energy Ltd                                      | NexGen Energy Ltd                                                                     | CUSIP: 65340P106<br>LEI: 529900N0IXNXB3IP7F06 | Long             | EC               | CORP              | CA        |   1603700 | NS      | $14757007.76  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc                                           | NiSource Inc                                                                          | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |   1210188 | NS      | $50537450.88  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp                                  | Norfolk Southern Corp                                                                 | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |     30311 | NS      | $8751391.92   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Estate Co Ltd                               | Mitsubishi Estate Co Ltd                                                              | CUSIP: 000000000<br>LEI: 353800KOFMRGOXSJ5Z65 | Long             | EC               | CORP              | JP        |   1069200 | NS      | $26107574.33  | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Nutrien Ltd                                            | Nutrien Ltd                                                                           | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |    512166 | NS      | $31613204.27  | 0.72%             |  |  |  | No            |                  1 | On Loan: —       |
| Mori Trust Reit Inc                                    | Mori Trust Reit Inc                                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | JP        |     33830 | NS      | $16862695.59  | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Omega Healthcare Investors Inc                         | Omega Healthcare Investors Inc                                                        | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               |  | US        |    574000 | NS      | $25451160.00  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK Inc                                              | ONEOK Inc                                                                             | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |    399710 | NS      | $29378685.00  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Stockland                                              | Stockland                                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |   3587300 | NS      | $13675774.48  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Realty & Development Co Ltd                   | Sumitomo Realty & Development Co Ltd                                                  | CUSIP: 000000000<br>LEI: 353800SO2DCLOI3LNZ64 | Long             | EC               | CORP              | JP        |   1410800 | NS      | $35462375.66  | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Sun Hung Kai Properties Ltd                            | Sun Hung Kai Properties Ltd                                                           | CUSIP: 000000000<br>LEI: 529900LUMD393RD3S874 | Long             | EC               | CORP              | HK        |   1405000 | NS      | $17100880.23  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Gas Co Ltd                                       | Tokyo Gas Co Ltd                                                                      | CUSIP: 000000000<br>LEI: 353800678EIJLOQSWZ83 | Long             | EC               | CORP              | JP        |    438530 | NS      | $17379760.73  | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| PG&E Corp                                              | PG&E Corp                                                                             | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |   3242249 | NS      | $52102941.43  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Pembina Pipeline Corp                                  | Pembina Pipeline Corp                                                                 | CUSIP: 706327103<br>LEI: 5493002W3L9YICM6FU21 | Long             | EC               | CORP              | CA        |    280550 | NS      | $10688105.72  | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| Fraport AG Frankfurt Airport Services Worldwide        | Fraport AG Frankfurt Airport Services Worldwide                                       | CUSIP: 000000000<br>LEI: 5299001ERX0K10IZUL40 | Long             | EC               | CORP              | DE        |    177628 | NS      | $14550407.24  | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Prologis Inc                                           | Prologis Inc                                                                          | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               |  | US        |    793260 | NS      | $101267571.60 | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp                                | SBA Communications Corp                                                               | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               |  | US        |     79824 | NS      | $15440356.32  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| SLB Ltd                                                | SLB Ltd                                                                               | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |    281000 | NS      | $10784780.00  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra                                                 | Sempra                                                                                | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |    371700 | NS      | $32817393.00  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                               | Simon Property Group Inc                                                              | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               |  | US        |    397662 | NS      | $73611212.82  | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Smartstop Self Storage REIT Inc                        | Smartstop Self Storage REIT Inc                                                       | CUSIP: 83192D402<br>LEI: 549300EC266625K12S42 | Long             | EC               |  | US        |    343721 | NS      | $10634727.74  | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| Solaris Energy Infrastructure Inc                      | Solaris Energy Infrastructure Inc                                                     | CUSIP: 83418M103<br>LEI: 529900MTK3C8Y8TIIC10 | Long             | EC               | CORP              | US        |    212900 | NS      | $9787013.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc                                              | Spire Inc                                                                             | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |    139300 | NS      | $11520110.00  | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| Steel Dynamics Inc                                     | Steel Dynamics Inc                                                                    | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |    175040 | NS      | $29660528.00  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Communities Inc                                    | Sun Communities Inc                                                                   | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               |  | US        |    186050 | NS      | $23053455.50  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc                                      | Suncor Energy Inc                                                                     | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |    454800 | NS      | $20186088.67  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Suzano SA                                              | Suzano SA                                                                             | CUSIP: 86959K105<br>LEI: 391200AW174YQSDMGG41 | Long             | EC               | CORP              | BR        |   2327000 | NS      | $21734180.00  | 0.50%             |  |  |  | No            |                  1 | On Loan: —       |
| TC Energy Corp                                         | TC Energy Corp                                                                        | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |   1268543 | NS      | $69852814.06  | 1.59%             |  |  |  | No            |                  1 | On Loan: —       |
| United States Treasury                                 | U.S. Treasury Bills                                                                   | CUSIP: 912797PD3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  85000000 | PA      | $84832204.05  | 1.93%             | 2026-01-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Bills                                                                   | CUSIP: 912797SQ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  90000000 | PA      | $89654985.90  | 2.04%             | 2026-02-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Bills                                                                   | CUSIP: 912797SR9<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  85000000 | PA      | $84616205.45  | 1.93%             | 2026-02-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Inflation-Indexed Bonds                                                 | CUSIP: 912810RF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12992892 | PA      | $10874467.91  | 0.25%             | 2044-02-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Inflation-Indexed Notes                                                 | CUSIP: 9128282L3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  48893215 | PA      | $48322242.86  | 1.10%             | 2027-07-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Inflation-Indexed Notes                                                 | CUSIP: 9128283R9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  17382026 | PA      | $17074941.00  | 0.39%             | 2028-01-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Inflation-Indexed Notes                                                 | CUSIP: 9128285W6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  51939756 | PA      | $51131584.57  | 1.17%             | 2029-01-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Inflation-Indexed Notes                                                 | CUSIP: 9128287D6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  51754007 | PA      | $49859196.81  | 1.14%             | 2029-07-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Notes                                                                   | CUSIP: 91282CBH3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 322250000 | PA      | $321412762.28 | 7.33%             | 2026-01-31      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Inflation-Indexed Notes                                                 | CUSIP: 91282CCM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  66362157 | PA      | $61483963.70  | 1.40%             | 2031-07-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Inflation-Indexed Notes                                                 | CUSIP: 91282CEZ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  51758330 | PA      | $48554198.71  | 1.11%             | 2032-07-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Inflation-Indexed Notes                                                 | CUSIP: 91282CHP9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  22148263 | PA      | $21587071.04  | 0.49%             | 2033-07-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Vale SA                                                | Vale SA                                                                               | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |   2726955 | NS      | $35532223.65  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc                                             | Ventas Inc                                                                            | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               |  | US        |    535240 | NS      | $41416871.20  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections Inc                                  | Waste Connections Inc                                                                 | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |    148548 | NS      | $26049377.28  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                                          | Welltower Inc                                                                         | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               |  | US        |    365664 | NS      | $67870895.04  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The                                   | Williams Cos Inc/The                                                                  | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |   1926823 | NS      | $115821330.53 | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| DWS                                                    | DWS Central Cash Management Government Fund                                           | CUSIP: 25160K306<br>LEI: 5493003GD84DGSXJ7618 | Long             | STIV             | RF                | US        |  62173858 | NS      | $62173858.39  | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                                        | Xcel Energy Inc                                                                       | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |    313632 | NS      | $23164859.52  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Real Estate Master Fund Inc                     | Nomura Real Estate Master Fund Inc                                                    | CUSIP: 000000000<br>LEI: 353800TNNZOQ1CPZE086 | Long             | EC               |  | JP        |      6880 | NS      | $7597214.37   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Fastighets AB Balder                                   | Fastighets AB Balder                                                                  | CUSIP: 000000000<br>LEI: 549300GHKJCEZOAEUU82 | Long             | EC               | CORP              | SE        |   2275618 | NS      | $16818252.86  | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Aena SME SA                                            | Aena SME SA                                                                           | CUSIP: 000000000<br>LEI: 959800R7QMXKF0NFMT29 | Long             | EC               | CORP              | ES        |    885090 | NS      | $24765383.40  | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| New York Mercantile Exchange                           | NATURAL GAS FUTR APR26                                                                | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |       514 | NC      | $-2485492.16  | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                           | NATURAL GAS FUTR MAR26                                                                | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |       479 | NC      | $-2632201.84  | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                           | WTI CRUDE FUTURE MAR26                                                                | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |       459 | NC      | $-1228116.85  | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                                 | SUGAR 11 (WORLD) MAR26                                                                | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |       643 | NC      | $-731980.55   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                 | SOYBEAN FUTURE MAR26                                                                  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       439 | NC      | $-1548862.99  | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                                 | COFFEE 'C' FUTURE MAR26                                                               | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |        55 | NC      | $-906734.59   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                 | CORN FUTURE MAR26                                                                     | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       980 | NC      | $-284187.68   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                 | WHEAT FUTURE(CBT) MAR26                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       371 | NC      | $-717220.34   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                  | LME PRI ALUM FUTR JAN26                                                               | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       720 | NC      | $4874550.45   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                  | LME PRI ALUM FUTR JAN26                                                               | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |      -720 | NC      | $-1939277.55  | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                  | LME ZINC FUTURE JAN26                                                                 | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       101 | NC      | $293942.46    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                  | LME ZINC FUTURE JAN26                                                                 | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |      -101 | NC      | $74020.71     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe                                     | BRENT CRUDE FUTR MAR26                                                                | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |       251 | NC      | $-815175.07   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                           | NY HARB ULSD FUT MAR26                                                                | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |        84 | NC      | $-518299.82   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                                 | COTTON NO.2 FUTR MAR26                                                                | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |       239 | NC      | $-292078.43   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                  | LME NICKEL FUTURE JAN26                                                               | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       117 | NC      | $843440.46    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                  | LME NICKEL FUTURE JAN26                                                               | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |      -117 | NC      | $-1152505.89  | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                  | LME PRI ALUM FUTR MAR26                                                               | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       817 | NC      | $2103289.57   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                  | LME ZINC FUTURE MAR26                                                                 | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        98 | NC      | $56022.58     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                  | LME ZINC FUTURE MAR26                                                                 | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       -43 | NC      | $61090.53     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Commodities Exchange Center                            | GOLD 100 OZ FUTR FEB26                                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       394 | NC      | $12214441.51  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                 | SOYBEAN MEAL FUTR MAR26                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       250 | NC      | $-363735.75   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                 | SOYBEAN OIL FUTR MAR26                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       712 | NC      | $-1460363.97  | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                 | KC HRW WHEAT FUT MAR26                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       210 | NC      | $-239641.50   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                  | LME NICKEL FUTURE MAR26                                                               | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        97 | NC      | $983740.38    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                  | LME NICKEL FUTURE MAR26                                                               | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       -10 | NC      | $3793.80      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Commodities Exchange Center                            | COPPER FUTURE MAR26                                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       430 | NC      | $4965085.24   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                            | LIVE CATTLE FUTR FEB26                                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |       236 | NC      | $256810.27    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                            | LEAN HOGS FUTURE FEB26                                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |       503 | NC      | $619481.43    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe                                     | LOW SU GASOIL G MAR26                                                                 | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |       141 | NC      | $-85027.74    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Commodities Exchange Center                            | SILVER FUTURE MAR26                                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       196 | NC      | $21817506.38  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                           | GASOLINE RBOB FUT MAR26                                                               | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |       146 | NC      | $-220199.54   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Terna - Rete Elettrica Nazionale                       | Terna - Rete Elettrica Nazionale                                                      | CUSIP: 000000000<br>LEI: 8156009E94ED54DE7C31 | Long             | EC               | CORP              | IT        |   2037817 | NS      | $21697431.27  | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Dexus                                                  | Dexus                                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |   2117800 | NS      | $9759534.55   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Goodman Group                                          | Goodman Group                                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |   1500131 | NS      | $30868974.72  | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Suntec Real Estate Investment Trust                    | Suntec Real Estate Investment Trust                                                   | CUSIP: 000000000<br>LEI: 549300C46QFXSI2F4K13 | Long             | EC               |  | SG        |   8302900 | NS      | $9300068.34   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Swiss Prime Site AG                                    | Swiss Prime Site AG                                                                   | CUSIP: 000000000<br>LEI: 506700XI9H64OPR34158 | Long             | EC               | CORP              | CH        |     88708 | NS      | $13783758.81  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| KDX Realty Investment Corp                             | KDX Realty Investment Corp                                                            | CUSIP: 000000000<br>LEI: 353800FFT483NCIHFY42 | Long             | EC               |  | JP        |     15330 | NS      | $17206342.08  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Mapletree Logistics Trust                              | Mapletree Logistics Trust                                                             | CUSIP: 000000000<br>LEI: 549300M9EBZIYH387075 | Long             | EC               |  | SG        |  15993700 | NS      | $16385741.00  | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Link REIT                                              | Link REIT                                                                             | CUSIP: 000000000<br>LEI: 529900XUE70U36QX5M62 | Long             | EC               |  | HK        |   3780941 | NS      | $16823239.34  | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Norsk Hydro ASA                                        | Norsk Hydro ASA                                                                       | CUSIP: 000000000<br>LEI: 549300N1SDN71ZZ8BO45 | Long             | EC               | CORP              | NO        |   2802600 | NS      | $21592305.01  | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Catena AB                                              | Catena AB                                                                             | CUSIP: 000000000<br>LEI: 549300EMLM7AH5LDLY65 | Long             | EC               | CORP              | SE        |    164000 | NS      | $8014611.04   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Severn Trent PLC                                       | Severn Trent PLC                                                                      | CUSIP: 000000000<br>LEI: 213800RPBXRETY4A4C59 | Long             | EC               | CORP              | GB        |    790203 | NS      | $29683750.04  | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Vinci SA                                               | Vinci SA                                                                              | CUSIP: 000000000<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |    385766 | NS      | $54433040.63  | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Industrial & Infrastructure Fund Investment Corp       | Industrial & Infrastructure Fund Investment Corp                                      | CUSIP: 000000000<br>LEI: 353800WCHFY04YKYCI19 | Long             | EC               |  | JP        |      5636 | NS      | $5549006.30   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Glencore PLC                                           | Glencore PLC                                                                          | CUSIP: 000000000<br>LEI: 2138002658CPO9NBH955 | Long             | EC               | CORP              | JE        |   4122091 | NS      | $22569877.19  | 0.51%             |  |  |  | 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      |
| Activia Properties Inc                                 | Activia Properties Inc                                                                | CUSIP: 000000000<br>LEI: 353800RPGYN3ML8CXV54 | Long             | EC               |  | JP        |      9603 | NS      | $8620248.40   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Prologis REIT Inc                               | Nippon Prologis REIT Inc                                                              | CUSIP: 000000000<br>LEI: 353800PHBMSDLAFURY41 | Long             | EC               |  | JP        |     16696 | NS      | $9877194.15   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Redeia Corp SA                                         | Redeia Corp SA                                                                        | CUSIP: 000000000<br>LEI: 5493009HMD0C90GUV498 | Long             | EC               | CORP              | ES        |   1655594 | NS      | $29620322.09  | 0.68%             |  |  |  | No            |                  2 | On Loan: —       |
| National Grid PLC                                      | National Grid PLC                                                                     | CUSIP: 000000000<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |   5013005 | NS      | $77142942.81  | 1.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Wharf Real Estate Investment Co Ltd                    | Wharf Real Estate Investment Co Ltd                                                   | CUSIP: 000000000<br>LEI: 529900QLPKS8U9QOPB59 | Long             | EC               | CORP              | KY        |   2704000 | NS      | $8534192.21   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Unibail-Rodamco-Westfield                              | Unibail-Rodamco-Westfield                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | XX        |    201679 | NS      | $21999103.24  | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Lendlease Global Commercial REIT                       | Lendlease Global Commercial REIT                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | SG        |  27520200 | NS      | $13262043.04  | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| CTP NV                                                 | CTP NV                                                                                | CUSIP: 000000000<br>LEI: 3157000YTVO4TN65UM14 | Long             | EC               | CORP              | NL        |    851014 | NS      | $17837709.25  | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Pennon Group PLC                                       | Pennon Group PLC                                                                      | CUSIP: 000000000<br>LEI: 213800V1CCTS41GWH423 | Long             | EC               | CORP              | GB        |   1861200 | NS      | $13234330.28  | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell PLC                                              | Shell PLC                                                                             | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |   1747358 | NS      | $64602409.11  | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Wihlborgs Fastigheter AB                               | Wihlborgs Fastigheter AB                                                              | CUSIP: 000000000<br>LEI: 549300RC1YDJPITF8X06 | Long             | EC               | CORP              | SE        |    747922 | NS      | $7403714.69   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Centurion Accommodation Reit                           | Centurion Accommodation Reit                                                          | CUSIP: 000000000<br>LEI: 254900NE2W0T2HDOXF24 | Long             | EC               |  | SG        |  13338000 | NS      | $11534952.26  | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| China Tower Corp Ltd                                   | China Tower Corp Ltd                                                                  | CUSIP: 000000000<br>LEI: 300300T6BNNP0L7O7H91 | Long             | EC               | CORP              | CN        |  17712800 | NS      | $26303684.38  | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Cellnex Telecom SA                                     | Cellnex Telecom SA                                                                    | CUSIP: 000000000<br>LEI: 5493008T4YG3AQUI7P67 | Long             | EC               | CORP              | ES        |   1187296 | NS      | $38271101.07  | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Orsted AS                                              | Orsted AS                                                                             | CUSIP: 000000000<br>LEI: W9NG6WMZIYEU8VEDOG48 | Long             | EC               | CORP              | DK        |    740859 | NS      | $14150899.16  | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsui Fudosan Logistics Park Inc                      | Mitsui Fudosan Logistics Park Inc                                                     | CUSIP: 000000000<br>LEI: 353800DN63EIYS760S59 | Long             | EC               |  | JP        |     27676 | NS      | $21562133.13  | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Amcor PLC                                              | Amcor PLC                                                                             | CUSIP: 000000000<br>LEI: 549300GSODGFCDQ3DI89 | Long             | EC               | CORP              | JE        |   1550000 | NS      | $12927000.00  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglogold Ashanti Plc                                  | Anglogold Ashanti Plc                                                                 | CUSIP: 000000000<br>LEI: 2138005YDSA7A82RNU96 | Long             | EC               | CORP              | GB        |    180300 | NS      | $15375984.00  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Smurfit WestRock PLC                                   | Smurfit WestRock PLC                                                                  | CUSIP: 000000000<br>LEI: 635400EGSEOPDW2EXS14 | Long             | EC               | CORP              | IE        |    706416 | NS      | $27317106.72  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Global SA                                        | Bunge Global SA                                                                       | CUSIP: 000000000<br>LEI: 254900IVXSV9K0B7PO26 | Long             | EC               | CORP              | CH        |    266700 | NS      | $23757636.00  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| JBS NV                                                 | JBS NV                                                                                | CUSIP: 000000000<br>LEI: 254900JSFON4WL81TW77 | Long             | EC               | CORP              | NL        |   1747000 | NS      | $25191740.00  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-26

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

**Signature:** Diane Kenneally

**Name of Signer:** Diane Kenneally

**Title:** Treasurer and Chief Financial Officer