# EDGAR Filing Document

**Accession Number:** 0000926425
**File Stem:** 0001410368-26-040960
**Filing Date:** 2026-4
**Character Count:** 15303
**Document Hash:** d5cd7da5eb7e02f566f48bde6b73eca7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-040960.hdr.sgml**: 20260427

**ACCESSION NUMBER**: 0001410368-26-040960

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260427

**DATE AS OF CHANGE**: 20260427

**PERIOD START**: 20260831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DEUTSCHE DWS ASSET ALLOCATION TRUST
- **CENTRAL INDEX KEY:** 0000926425

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08606
- **FILM NUMBER:** 26900726

**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 ASSET ALLOCATION TRUST
- **DATE OF NAME CHANGE:** 20151019

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DEUTSCHE TARGET DATE SERIES
- **DATE OF NAME CHANGE:** 20140811

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DWS TARGET DATE SERIES
- **DATE OF NAME CHANGE:** 20071101

## Series and Classes Contracts Data

### DWS Multi-Asset Moderate Allocation Fund (Series ID: S000006098)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000016756 | Class A      | PLUSX           |
| C000016758 | Class C      | PLSCX           |
| C000016759 | Class S      | PPLSX           |

## 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 ASSET ALLOCATION TRUST

- **b. Investment Company Act file number:** 811-08606

- **c. CIK number of Registrant:** 0000926425

- **d. LEI of Registrant:** OBQCJCH5PLZP8KWUJD96

- **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 Multi-Asset Moderate Allocation Fund

- **b. EDGAR series identifier (if any):** S000006098

- **c. LEI of Series:** 1W2RFPWVYQE2JC0KFK42

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2026-02-28

**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:** $22601708.10

**Total Liabilities:** $66463.48

**Net Assets:** $22535244.62

**Cash Not Reported:** $10493.21

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000016758 | 0.29%                | 2.15%                | 1.12%                |
| Class ID C000016756 | 0.39%                | 2.17%                | 1.25%                |
| Class ID C000016759 | 0.41%                | 2.18%                | 1.38%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $60032.29                | $-1060005.13                               |
| Month 2  | $15227.47                | $476202.54                                 |
| Month 3  | $78314.45                | $198554.73                                 |

**Designated Index Information**

- **Index Name:** 22% S&P, 70% S&P Target Risk Moderate, 6% FTSE EPRA Nareit, 2% BBG Commodity

- **Index Identifier:** DJFOSNSN

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| iShares JP Morgan USD Emerging                 | iShares JP Morgan USD Emerging Markets Bond ETF        | CUSIP: 464288281<br>LEI: 549300LRIF3NWCU26A80 | Long             | EC               | RF                | US        |      7554 | NS      | $738252.42    | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                         | US 5YR NOTE (CBT) JUN26                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         7 | NC      | $2170.21      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DWS                                            | DWS Central Cash Management Government Fund            | CUSIP: 25160K306<br>LEI: 5493003GD84DGSXJ7618 | Long             | STIV             | RF                | US        |    266286 | NS      | $266286.43    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Intermediate-Term Corporate Bond ETF  | Vanguard Intermediate-Term Corporate Bond ETF          | CUSIP: 92206C870<br>LEI: VKDXEYNPEMWGHJ22MR31 | Long             | EC               | RF                | US        |     23076 | NS      | $1954998.72   | 8.68%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                         | U.S. Treasury Bills                                    | CUSIP: 912797RG4<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    113800 | PA      | $112053.04    | 0.50%             | 2026-08-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VanEck J. P. Morgan EM Local Currency Bond ETF | VanEck J. P. Morgan EM Local Currency Bond ETF         | CUSIP: 92189H300<br>LEI: 549300CNWPR88MZBEA63 | Long             | EC               | RF                | US        |      6363 | NS      | $169192.17    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| DWS                                            | DWS RREEF Global Infrastructure Fund  'Institutional'  | CUSIP: 25156A858<br>LEI: 549300PVLPCCDJRWQR23 | Long             | EC               | RF                | US        |     26103 | NS      | $457069.08    | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DWS Global Real Estate Securities Fund         | DWS Global Real Estate Securities Fund                 | CUSIP: 25159L406<br>LEI: S3F7OHQGFS84K9XEJE32 | Long             | EC               | RF                | US        |      6000 | NS      | $49559.14     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Xtrackers RREEF Global Natural Resources ETF   | Xtrackers RREEF Global Natural Resources ETF           | CUSIP: 23306X837<br>LEI: 529900FTFUUP6MXH3A36 | Long             | EC               | RF                | US        |      7508 | NS      | $266470.93    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                         | US 2YR NOTE (CBT) JUN26                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         3 | NC      | $953.53       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                         | US 3YR NOTE (CBT) JUN26                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -2 | NC      | $-1075.63     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| DWS                                            | DWS Equity 500 Index Fund                              | CUSIP: 25159R106<br>LEI: BSFDGTJIOB5CFE60ND57 | Long             | EC               | RF                | US        |     50536 | NS      | $8340986.11   | 37.01%            |  |  |  | No            |                  1 | On Loan: No      |
| DWS                                            | DWS RREEF Real Estate Securities Fund 'Institutional'  | CUSIP: 25159L737<br>LEI: 2EGUP71H6PBMSKMC3J09 | Long             | EC               | RF                | US        |     24286 | NS      | $565610.11    | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| DWS                                            | DWS Emerging Markets Fixed Income Fund 'Institutional' | CUSIP: 25156A841<br>LEI: LBPF8NSCNKWC3WP4IN32 | Long             | EC               | RF                | US        |         9 | NS      | $67.64        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                         | US 10YR ULTRA FUT JUN26                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -7 | NC      | $-4612.09     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares Russell 2000 ETF                       | iShares Russell 2000 ETF                               | CUSIP: 464287655<br>LEI: 549300O80OAR5VTWR172 | Long             | EC               | RF                | US        |      1970 | NS      | $514977.70    | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                         | US 10YR NOTE (CBT)JUN26                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -9 | NC      | $-5015.77     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                    | S+P500 EMINI FUT MAR26                                 | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |         2 | NC      | $-7777.24     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core MSCI Europe ETF                   | iShares Core MSCI Europe ETF                           | CUSIP: 46434V738<br>LEI: 549300XU2KDV0C5LCG21 | Long             | EC               | RF                | US        |     14379 | NS      | $1100137.29   | 4.88%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core International Aggregate Bond ETF  | iShares Core International Aggregate Bond ETF          | CUSIP: 46435G672<br>LEI: 549300FPQU8XYG8LAX15 | Long             | EC               | RF                | US        |     11370 | NS      | $578278.20    | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| DWS                                            | DWS Emerging Markets Equity Fund 'Institutional'       | CUSIP: 25156G780<br>LEI: 549300V295OG0NZ7UA89 | Long             | EC               | RF                | US        |     55266 | NS      | $1466752.47   | 6.51%             |  |  |  | No            |                  1 | On Loan: No      |
| DWS                                            | DWS High Income Fund 'Institutional'                   | CUSIP: 25155T635<br>LEI: TWIQP8VKJK957HT5V127 | Long             | EC               | RF                | US        |    217072 | NS      | $972481.06    | 4.32%             |  |  |  | No            |                  1 | On Loan: No      |
| DWS                                            | DWS Enhanced Commodity Strategy Fund 'Institutional'   | CUSIP: 25159L836<br>LEI: U72UPDOVVEAXSRWTZF97 | Long             | EC               | RF                | US        |     56683 | NS      | $375241.24    | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI Japan ETF                         | iShares MSCI Japan ETF                                 | CUSIP: 46434G822<br>LEI: 5493008I6YRUC6I0S051 | Long             | EC               | RF                | US        |      6058 | NS      | $559577.46    | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares U.S. Treasury Bond ETF                 | iShares U.S. Treasury Bond ETF                         | CUSIP: 46429B267<br>LEI: 549300YMK9GAMCTG8G20 | Long             | EC               | RF                | US        |     46271 | NS      | $1081353.27   | 4.80%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares GNMA Bond ETF                          | iShares GNMA Bond ETF                                  | CUSIP: 46429B333<br>LEI: 5493000KODSFW8LTTF91 | Long             | EC               | RF                | US        |     35639 | NS      | $1613377.53   | 7.16%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI Pacific ex Japan ETF              | iShares MSCI Pacific ex Japan ETF                      | CUSIP: 464286665<br>LEI: 549300BD232B3QSQRR65 | Long             | EC               | RF                | US        |      4158 | NS      | $236174.40    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| DWS                                            | DWS Small Cap Core Fund 'S'                            | CUSIP: 25157M810<br>LEI: KKQKEDL2J9UGWEWMX474 | Long             | EC               | RF                | US        |     10778 | NS      | $585376.70    | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                         | US ULTRA BOND CBT JUN26                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         5 | NC      | $4986.15      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                         | US LONG BOND(CBT) JUN26                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         2 | NC      | $1557.12      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard S&P 500 ETF                           | Vanguard S&P 500 ETF                                   | CUSIP: 922908363<br>LEI: 549300D8V8ZP5GRJOC71 | Long             | EC               | RF                | US        |       883 | NS      | $557208.32    | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-17

**Name of Applicant:** DEUTSCHE DWS ASSET ALLOCATION TRUST

**Signature:** Diane Kenneally

**Name of Signer:** Diane Kenneally

**Title:** Treasurer and Chief Financial Officer