Deutsche DWS Investments Vit Funds NPORT-P DWS Equity 500 Index VIP (Mar 2020 report)

Investment Portfolio as of March 31, 2020 (Unaudited)

DWS Equity 500 Index VIP

		Shares				Value ($)
Common Stocks 99.4%
Communication Services 10.7%
Diversified Telecommunication Services 2.1%
AT&T, Inc.	160,705					4,684,551
CenturyLink, Inc.	21,169					200,258
Verizon Communications, Inc.	91,045					4,891,848
						9,776,657
Entertainment 2.0%
Activision Blizzard, Inc.	16,864					1,003,071
Electronic Arts, Inc.*	6,385					639,585
Live Nation Entertainment, Inc.*	3,146					143,017
Netflix, Inc.*	9,633					3,617,192
Take-Two Interactive Software, Inc.*	2,528					299,846
Walt Disney Co.	39,643					3,829,514
						9,532,225
Interactive Media & Services 5.2%
Alphabet, Inc. "A"*	6,588					7,654,927
Alphabet, Inc. "C"*	6,584					7,655,941
Facebook, Inc. "A"*	52,940					8,830,392
Twitter, Inc.*	17,292					424,691
						24,565,951
Media 1.3%
Charter Communications, Inc. "A"*	3,441					1,501,343
Comcast Corp. "A"	99,733					3,428,821
Discovery, Inc. "C"*	7,069					123,990
Discovery, Inc. "A"*	3,366					65,435
DISH Network Corp. "A"*	5,793					115,802
Fox Corp. "A"	8,025					189,631
Fox Corp. "B"*	3,504					80,171
Interpublic Group of Companies, Inc.	8,573					138,797
News Corp. "A"	8,780					78,800
News Corp. "B"	3,121					28,058
Omnicom Group, Inc.	4,869					267,308
ViacomCBS, Inc. "B"	12,214					171,118
						6,189,274
Wireless Telecommunication Services 0.1%
T-Mobile U.S., Inc.*	6,956					583,609
Consumer Discretionary 9.7%
Auto Components 0.1%
Aptiv PLC	5,512					271,411
BorgWarner, Inc.	4,743					115,587
						386,998
Automobiles 0.2%
Ford Motor Co.	86,756					419,031
General Motors Co.	27,400					569,372
Harley-Davidson, Inc.	3,393					64,230
						1,052,633
Distributors 0.1%
Genuine Parts Co.	3,104					208,992
LKQ Corp.*	7,004					143,652
						352,644
Diversified Consumer Services 0.0%
H&R Block, Inc.	4,591					64,641
Hotels, Restaurants & Leisure 1.5%
Carnival Corp.	8,631					113,670
Chipotle Mexican Grill, Inc.*	570					373,008
Darden Restaurants, Inc.	2,766					150,636
Hilton Worldwide Holdings, Inc.	6,123					417,834
Las Vegas Sands Corp.	7,564					321,243
Marriott International, Inc. "A"	5,936					444,072
McDonald's Corp.	16,579					2,741,338
MGM Resorts International	11,404					134,567
Norwegian Cruise Line Holdings Ltd.*	4,838					53,025
Royal Caribbean Cruises Ltd.	3,687					118,611
Starbucks Corp.	25,941					1,705,361
Wynn Resorts Ltd.	2,155					129,709
Yum! Brands, Inc.	6,735					461,550
						7,164,624
Household Durables 0.3%
D.R. Horton, Inc.	7,498					254,932
Garmin Ltd.	3,201					239,947
Leggett & Platt, Inc.	3,043					81,187
Lennar Corp. "A"	6,254					238,903
Mohawk Industries, Inc.*	1,325					101,018
Newell Brands, Inc.	8,544					113,464
NVR, Inc.*	78					200,391
PulteGroup, Inc.	5,600					124,992
Whirlpool Corp.	1,418					121,664
						1,476,498
Internet & Direct Marketing Retail 4.2%
Amazon.com, Inc.*	9,168					17,875,033
Booking Holdings, Inc.*	918					1,235,004
eBay, Inc.	16,596					498,876
Expedia Group, Inc.	3,106					174,774
						19,783,687
Leisure Products 0.0%
Hasbro, Inc.	2,881					206,136
Multiline Retail 0.5%
Dollar General Corp.	5,550					838,106
Dollar Tree, Inc.*	5,298					389,244
Kohl's Corp.	3,536					51,590
Macy's, Inc. (a)	6,782					33,300
Nordstrom, Inc.	2,533					38,856
Target Corp.	11,127					1,034,477
						2,385,573
Specialty Retail 2.2%
Advance Auto Parts, Inc.	1,523					142,126
AutoZone, Inc.*	517					437,382
Best Buy Co., Inc.	5,078					289,446
CarMax, Inc.*	3,637					195,780
Home Depot, Inc.	23,994					4,479,920
L Brands, Inc.	5,340					61,731
Lowe's Companies, Inc.	16,806					1,446,156
O'Reilly Automotive, Inc.*	1,644					494,926
Ross Stores, Inc.	7,887					685,932
The Gap, Inc.	4,429					31,180
Tiffany & Co.	2,379					308,081
TJX Companies, Inc.	26,543					1,269,021
Tractor Supply Co.	2,673					226,002
Ulta Beauty, Inc.*	1,281					225,072
						10,292,755
Textiles, Apparel & Luxury Goods 0.6%
Capri Holdings Ltd.*	3,303					35,639
Hanesbrands, Inc.	7,905					62,212
NIKE, Inc. "B"	27,328					2,261,119
PVH Corp.	1,661					62,520
Ralph Lauren Corp.	1,121					74,916
Tapestry, Inc.	6,014					77,881
Under Armour, Inc. "A"*	4,226					38,922
Under Armour, Inc. "C"*	4,609					37,149
VF Corp.	7,315					395,595
						3,045,953
Consumer Staples 7.7%
Beverages 1.9%
Brown-Forman Corp. "B"	3,905					216,767
Coca-Cola Co.	84,927					3,758,020
Constellation Brands, Inc. "A"	3,662					524,984
Molson Coors Beverage Co. "B"	4,206					164,076
Monster Beverage Corp.*	8,513					478,941
PepsiCo, Inc.	30,722					3,689,712
						8,832,500
Food & Staples Retailing 1.7%
Costco Wholesale Corp.	9,718					2,770,894
Kroger Co.	17,769					535,202
Sysco Corp.	11,167					509,550
Walgreens Boots Alliance, Inc.	16,319					746,594
Walmart, Inc.	31,284					3,554,488
						8,116,728
Food Products 1.2%
Archer-Daniels-Midland Co.	12,039					423,532
Campbell Soup Co.	3,858					178,085
Conagra Brands, Inc.	10,616					311,473
General Mills, Inc.	13,164					694,664
Hormel Foods Corp.	6,128					285,810
Kellogg Co.	5,529					331,685
Kraft Heinz Co.	13,851					342,674
Lamb Weston Holdings, Inc.	3,173					181,178
McCormick & Co., Inc.	2,769					391,011
Mondelez International, Inc. "A"	31,642					1,584,631
The Hershey Co.	3,227					427,578
The JM Smucker Co.	2,579					286,269
Tyson Foods, Inc. "A"	6,580					380,785
						5,819,375
Household Products 1.9%
Church & Dwight Co., Inc.	5,320					341,437
Clorox Co.	2,723					471,760
Colgate-Palmolive Co.	18,853					1,251,085
Kimberly-Clark Corp.	7,526					962,350
Procter & Gamble Co.	54,947					6,044,170
						9,070,802
Personal Products 0.2%
Coty, Inc. "A"	6,186					31,920
Estee Lauder Companies, Inc. "A"	4,882					777,898
						809,818
Tobacco 0.8%
Altria Group, Inc.	40,989					1,585,045
Philip Morris International, Inc.	34,213					2,496,180
						4,081,225
Energy 2.6%
Energy Equipment & Services 0.2%
Baker Hughes Co.	14,319					150,350
Halliburton Co.	19,408					132,945
Helmerich & Payne, Inc.	2,545					39,829
National Oilwell Varco, Inc.	8,514					83,693
Schlumberger Ltd.	30,174					407,047
TechnipFMC PLC	9,118					61,455
						875,319
Oil, Gas & Consumable Fuels 2.4%
Apache Corp.	8,240					34,443
Cabot Oil & Gas Corp.	9,388					161,380
Chevron Corp.	41,646					3,017,669
Concho Resources, Inc.	4,524					193,853
ConocoPhillips	24,032					740,186
Devon Energy Corp.	8,848					61,140
Diamondback Energy, Inc.	3,598					94,268
EOG Resources, Inc.	12,675					455,286
Exxon Mobil Corp.	93,201					3,538,842
Hess Corp.	5,816					193,673
HollyFrontier Corp.	3,210					78,677
Kinder Morgan, Inc.	42,608					593,103
Marathon Oil Corp.	17,578					57,832
Marathon Petroleum Corp.	14,247					336,514
Noble Energy, Inc.	10,955					66,168
Occidental Petroleum Corp.	19,511					225,937
ONEOK, Inc.	9,019					196,704
Phillips 66	9,733					522,176
Pioneer Natural Resources Co.	3,579					251,067
Valero Energy Corp.	8,984					407,514
Williams Companies, Inc.	26,228					371,126
						11,597,558
Financials 10.9%
Banks 4.1%
Bank of America Corp.	177,879					3,776,371
Citigroup, Inc.	47,921					2,018,433
Citizens Financial Group, Inc.	9,755					183,492
Comerica, Inc.	3,205					94,035
Fifth Third Bancorp.	15,918					236,382
First Republic Bank	3,763					309,620
Huntington Bancshares, Inc.	22,997					188,805
JPMorgan Chase & Co.	69,041					6,215,761
KeyCorp	21,814					226,211
M&T Bank Corp.	2,957					305,842
People's United Financial, Inc.	10,148					112,135
PNC Financial Services Group, Inc.	9,582					917,189
Regions Financial Corp.	21,639					194,102
SVB Financial Group*	1,132					171,023
Truist Financial Corp.	29,345					905,000
U.S. Bancorp.	31,109					1,071,705
Wells Fargo & Co.	84,574					2,427,274
Zions Bancorp. NA	3,932					105,220
						19,458,600
Capital Markets 2.6%
Ameriprise Financial, Inc.	2,841					291,146
Bank of New York Mellon Corp.	18,325					617,186
BlackRock, Inc.	2,585					1,137,322
Cboe Global Markets, Inc.	2,474					220,804
Charles Schwab Corp.	25,039					841,811
CME Group, Inc.	7,884					1,363,222
E*TRADE Financial Corp.	4,931					169,232
Franklin Resources., Inc.	6,369					106,299
Intercontinental Exchange, Inc.	12,227					987,330
Invesco Ltd.	8,628					78,342
MarketAxess Holdings, Inc.	846					281,354
Moody's Corp.	3,562					753,363
Morgan Stanley	25,633					871,522
MSCI, Inc.	1,885					544,690
Nasdaq, Inc.	2,589					245,826
Northern Trust Corp.	4,712					355,567
Raymond James Financial, Inc.	2,623					165,774
S&P Global, Inc.	5,379					1,318,124
State Street Corp.	7,881					419,821
T. Rowe Price Group, Inc.	5,075					495,574
The Goldman Sachs Group, Inc.	6,984					1,079,657
						12,343,966
Consumer Finance 0.5%
American Express Co.	14,791					1,266,257
Capital One Financial Corp.	10,157					512,116
Discover Financial Services	6,992					249,405
Synchrony Financial	12,421					199,854
						2,227,632
Diversified Financial Services 1.7%
Berkshire Hathaway, Inc. "B"*	43,084					7,877,048
Insurance 2.0%
Aflac, Inc.	16,193					554,448
Allstate Corp.	7,108					652,017
American International Group, Inc.	19,073					462,520
Aon PLC	5,152					850,286
Arthur J. Gallagher & Co.	4,044					329,627
Assurant, Inc.	1,360					141,562
Chubb Ltd.	9,983					1,115,001
Cincinnati Financial Corp.	3,346					252,456
Everest Re Group Ltd.	917					176,449
Globe Life, Inc.	2,234					160,781
Hartford Financial Services Group, Inc.	8,078					284,669
Lincoln National Corp.	4,500					118,440
Loews Corp.	5,715					199,054
Marsh & McLennan Companies, Inc.	11,104					960,052
MetLife, Inc.	17,051					521,249
Principal Financial Group, Inc.	5,692					178,387
Progressive Corp.	12,862					949,730
Prudential Financial, Inc.	8,745					455,964
The Travelers Companies, Inc.	5,615					557,850
Unum Group	4,432					66,524
W.R. Berkley Corp.	3,253					169,709
Willis Towers Watson PLC	2,794					474,561
						9,631,336
Health Care 15.3%
Biotechnology 2.4%
AbbVie, Inc.	32,520					2,477,699
Alexion Pharmaceuticals, Inc.*	4,785					429,645
Amgen, Inc.	13,069					2,649,478
Biogen., Inc.*	3,968					1,255,396
Gilead Sciences, Inc.	27,814					2,079,375
Incyte Corp.*	3,876					283,839
Regeneron Pharmaceuticals, Inc.*	1,748					853,531
Vertex Pharmaceuticals, Inc.*	5,631					1,339,896
						11,368,859
Health Care Equipment & Supplies 3.7%
Abbott Laboratories	38,899					3,069,520
ABIOMED, Inc.*	1,018					147,773
Align Technology, Inc.*	1,602					278,668
Baxter International, Inc.	11,212					910,302
Becton, Dickinson & Co.	5,939					1,364,604
Boston Scientific Corp.*	30,566					997,369
Danaher Corp.	14,061					1,946,183
DENTSPLY SIRONA, Inc.	4,921					191,082
Edwards Lifesciences Corp.*	4,570					861,993
Hologic, Inc.*	6,049					212,320
IDEXX Laboratories, Inc.*	1,921					465,343
Intuitive Surgical, Inc.*	2,531					1,253,377
Medtronic PLC	29,486					2,659,047
ResMed, Inc.	3,199					471,181
STERIS PLC	1,894					265,103
Stryker Corp.	7,076					1,178,083
Teleflex, Inc.	994					291,103
The Cooper Companies, Inc.	1,091					300,756
Varian Medical Systems, Inc.*	2,039					209,324
Zimmer Biomet Holdings, Inc.	4,494					454,254
						17,527,385
Health Care Providers & Services 2.9%
AmerisourceBergen Corp.	3,296					291,696
Anthem, Inc.	5,570					1,264,613
Cardinal Health, Inc.	6,548					313,911
Centene Corp.*	12,752					757,596
Cigna Corp.	8,199					1,452,699
CVS Health Corp.	28,545					1,693,575
DaVita, Inc.*	2,043					155,391
HCA Healthcare, Inc.	5,758					517,356
Henry Schein, Inc.*	3,311					167,272
Humana, Inc.	2,895					909,088
Laboratory Corp. of America Holdings*	2,146					271,233
McKesson Corp.	3,555					480,849
Quest Diagnostics, Inc.	3,019					242,426
UnitedHealth Group, Inc.	20,882					5,207,553
Universal Health Services, Inc. "B"	1,803					178,641
						13,903,899
Health Care Technology 0.1%
Cerner Corp.	6,824					429,844
Life Sciences Tools & Services 1.1%
Agilent Technologies, Inc.	6,867					491,814
Illumina, Inc.*	3,222					879,993
IQVIA Holdings, Inc.*	4,009					432,411
Mettler-Toledo International, Inc.*	525					362,518
PerkinElmer, Inc.	2,469					185,866
Thermo Fisher Scientific, Inc.	8,817					2,500,501
Waters Corp.*	1,443					262,698
						5,115,801
Pharmaceuticals 5.1%
Allergan PLC	7,210					1,276,891
Bristol-Myers Squibb Co.	51,555					2,873,676
Eli Lilly & Co.	18,591					2,578,944
Johnson & Johnson	57,977					7,602,524
Merck & Co., Inc.	56,014					4,309,717
Mylan NV*	11,619					173,239
Perrigo Co. PLC	3,108					149,464
Pfizer, Inc.	121,694					3,972,092
Zoetis, Inc.	10,448					1,229,625
						24,166,172
Industrials 8.2%
Aerospace & Defense 2.0%
Arconic, Inc.	8,747					140,477
Boeing Co.	11,764					1,754,483
General Dynamics Corp.	5,131					678,883
Huntington Ingalls Industries, Inc.	926					168,726
L3Harris Technologies, Inc.	4,858					875,023
Lockheed Martin Corp.	5,479					1,857,107
Northrop Grumman Corp.	3,444					1,041,982
Raytheon Co.	6,113					801,720
Raytheon Technologies Corp. Com	17,858					1,684,545
Textron, Inc.	5,107					136,204
TransDigm Group, Inc.	1,090					349,007
						9,488,157
Air Freight & Logistics 0.5%
C.H. Robinson Worldwide, Inc.	2,979					197,210
Expeditors International of Washington, Inc.	3,800					253,536
FedEx Corp.	5,228					633,947
United Parcel Service, Inc. "B"	15,376					1,436,426
						2,521,119
Airlines 0.2%
Alaska Air Group, Inc.	2,749					78,264
American Airlines Group, Inc.	8,765					106,845
Delta Air Lines, Inc.	12,834					366,154
Southwest Airlines Co.	10,251					365,038
United Airlines Holdings, Inc.*	4,668					147,276
						1,063,577
Building Products 0.3%
A.O. Smith Corp.	3,061					115,736
Allegion PLC	2,056					189,193
Fortune Brands Home & Security, Inc.	3,055					132,129
Johnson Controls International PLC	16,902					455,678
Masco Corp.	6,424					222,078
Trane Technologies PLC	5,318					439,214
						1,554,028
Commercial Services & Supplies 0.4%
Cintas Corp.	1,833					317,512
Copart, Inc.*	4,520					309,710
Republic Services, Inc.	4,633					347,753
Rollins, Inc.	3,089					111,637
Waste Management, Inc.	8,604					796,386
						1,882,998
Construction & Engineering 0.1%
Jacobs Engineering Group, Inc.	2,962					234,798
Quanta Services, Inc.	3,265					103,598
						338,396
Electrical Equipment 0.5%
AMETEK, Inc.	4,937					355,563
Eaton Corp. PLC	9,064					704,182
Emerson Electric Co.	13,277					632,649
Rockwell Automation, Inc.	2,576					388,744
						2,081,138
Industrial Conglomerates 1.3%
3M Co.	12,624					1,723,302
General Electric Co.	192,160					1,525,750
Honeywell International, Inc.	15,775					2,110,537
Roper Technologies, Inc.	2,281					711,239
						6,070,828
Machinery 1.4%
Caterpillar, Inc.	12,098					1,403,852
Cummins, Inc.	3,318					448,992
Deere & Co.	6,902					953,580
Dover Corp.	3,119					261,809
Flowserve Corp.	2,969					70,929
Fortive Corp.	6,388					352,554
IDEX Corp.	1,725					238,240
Illinois Tool Works, Inc.	6,423					912,837
Ingersoll Rand, Inc.*	7,613					188,802
PACCAR, Inc.	7,489					457,803
Parker-Hannifin Corp.	2,859					370,898
Pentair PLC	3,721					110,737
Snap-on, Inc.	1,198					130,366
Stanley Black & Decker, Inc.	3,381					338,100
Westinghouse Air Brake Technologies Corp.	3,924					188,862
Xylem, Inc.	3,890					253,356
						6,681,717
Professional Services 0.3%
Equifax, Inc.	2,705					323,112
IHS Markit Ltd.	8,710					522,600
Nielsen Holdings PLC	7,923					99,354
Robert Half International, Inc.	2,554					96,414
Verisk Analytics, Inc.	3,642					507,622
						1,549,102
Road & Rail 1.0%
CSX Corp.	17,000					974,100
J.B. Hunt Transport Services, Inc.	1,887					174,038
Kansas City Southern	2,207					280,686
Norfolk Southern Corp.	5,694					831,324
Old Dominion Freight Line, Inc.	2,161					283,719
Union Pacific Corp.	15,227					2,147,616
						4,691,483
Trading Companies & Distributors 0.2%
Fastenal Co.	12,529					391,531
United Rentals, Inc.*	1,650					169,785
W.W. Grainger, Inc.	979					243,282
						804,598
Information Technology 25.3%
Communications Equipment 1.0%
Arista Networks, Inc.*	1,186					240,224
Cisco Systems, Inc.	93,156					3,661,962
F5 Networks, Inc.*	1,397					148,962
Juniper Networks, Inc.	7,377					141,196
Motorola Solutions, Inc.	3,741					497,254
						4,689,598
Electronic Equipment, Instruments & Components 0.5%
Amphenol Corp. "A"	6,435					468,983
CDW Corp.	3,217					300,050
Corning, Inc.	17,029					349,776
FLIR Systems, Inc.	2,979					95,000
IPG Photonics Corp.*	812					89,547
Keysight Technologies, Inc.*	4,066					340,243
TE Connectivity Ltd.	7,429					467,878
Zebra Technologies Corp. "A"*	1,208					221,789
						2,333,266
IT Services 5.5%
Accenture PLC "A"	13,998					2,285,313
Akamai Technologies, Inc.*	3,468					317,287
Alliance Data Systems Corp.	903					30,386
Automatic Data Processing, Inc.	9,487					1,296,683
Broadridge Financial Solutions, Inc.	2,475					234,704
Cognizant Technology Solutions Corp. "A"	11,996					557,454
DXC Technology Co.	5,778					75,403
Fidelity National Information Services, Inc.	13,500					1,642,140
Fiserv, Inc.*	12,548					1,191,935
FleetCor Technologies, Inc.*	1,929					359,836
Gartner, Inc.*	2,004					199,538
Global Payments, Inc.	6,569					947,447
International Business Machines Corp.	19,489					2,161,915
Jack Henry & Associates, Inc.	1,687					261,890
Leidos Holdings, Inc.	2,959					271,192
Mastercard, Inc. "A"	19,564					4,725,880
Paychex, Inc.	6,908					434,651
PayPal Holdings, Inc.*	25,801					2,470,188
VeriSign, Inc.*	2,229					401,421
Visa, Inc. "A"	37,717					6,076,963
Western Union Co.	8,917					161,665
						26,103,891
Semiconductors & Semiconductor Equipment 4.5%
Advanced Micro Devices, Inc.*	25,716					1,169,564
Analog Devices, Inc.	8,080					724,372
Applied Materials, Inc.	20,278					929,138
Broadcom, Inc.	8,732					2,070,357
Intel Corp.	95,776					5,183,397
KLA Corp.	3,529					507,259
Lam Research Corp.	3,185					764,400
Maxim Integrated Products, Inc.	6,008					292,049
Microchip Technology, Inc.	5,198					352,424
Micron Technology, Inc.*	24,287					1,021,511
NVIDIA Corp.	13,467					3,549,901
Qorvo, Inc.*	2,621					211,331
QUALCOMM., Inc.	25,120					1,699,368
Skyworks Solutions, Inc.	3,689					329,723
Texas Instruments, Inc.	20,593					2,057,859
Xilinx, Inc.	5,468					426,176
						21,288,829
Software 8.5%
Adobe, Inc.*	10,648					3,388,619
ANSYS, Inc.*	1,851					430,302
Autodesk, Inc.*	4,797					748,812
Cadence Design Systems, Inc.*	6,247					412,552
Citrix Systems, Inc.	2,532					358,404
Fortinet, Inc.*	3,181					321,822
Intuit, Inc.	5,725					1,316,750
Microsoft Corp.	167,933					26,484,713
NortonLifeLock, Inc.	13,017					243,548
Oracle Corp.	47,684					2,304,568
Paycom Software, Inc.*	1,097					221,605
salesforce.com, Inc.*	19,503					2,808,042
ServiceNow, Inc.*	4,136					1,185,295
Synopsys, Inc.*	3,344					430,674
						40,655,706
Technology Hardware, Storage & Peripherals 5.3%
Apple, Inc.	91,943					23,380,186
Hewlett Packard Enterprise Co.	28,657					278,260
HP, Inc.	32,478					563,818
NetApp, Inc.	5,125					213,661
Seagate Technology PLC	5,189					253,223
Western Digital Corp.	6,615					275,316
Xerox Holding Corp.*	4,136					78,336
						25,042,800
Materials 2.4%
Chemicals 1.7%
Air Products & Chemicals, Inc.	4,843					966,711
Albemarle Corp.	2,352					132,582
Celanese Corp.	2,699					198,080
CF Industries Holdings, Inc.	4,749					129,173
Corteva, Inc.*	16,367					384,625
Dow, Inc.*	16,502					482,518
DuPont de Nemours, Inc.	16,130					550,033
Eastman Chemical Co.	3,027					140,998
Ecolab, Inc.	5,523					860,649
FMC Corp.	2,781					227,180
International Flavors & Fragrances, Inc. (a)	2,343					239,173
Linde PLC	11,841					2,048,493
LyondellBasell Industries NV "A"	5,536					274,752
PPG Industries, Inc.	5,127					428,617
The Mosaic Co.	7,979					86,333
The Sherwin-Williams Co.	1,806					829,893
						7,979,810
Construction Materials 0.1%
Martin Marietta Materials, Inc.	1,384					261,894
Vulcan Materials Co.	2,970					320,968
						582,862
Containers & Packaging 0.3%
Amcor PLC*	36,382					295,422
Avery Dennison Corp.	1,876					191,108
Ball Corp.	7,285					471,048
International Paper Co.	8,724					271,578
Packaging Corp. of America	2,157					187,293
Sealed Air Corp.	3,430					84,755
Westrock Co.	5,741					162,241
						1,663,445
Metals & Mining 0.3%
Freeport-McMoRan, Inc.	32,349					218,355
Newmont Goldcorp Corp.	18,021					815,991
Nucor Corp.	6,739					242,739
						1,277,085
Real Estate 3.0%
Real Estate Investment Trusts (REITs) 2.9%
Alexandria Real Estate Equities, Inc.	2,745					376,230
American Tower Corp.	9,751					2,123,280
Apartment Investment & Management Co. "A"	3,294					115,784
AvalonBay Communities, Inc.	3,035					446,661
Boston Properties, Inc.	3,213					296,335
Crown Castle International Corp.	9,144					1,320,394
Digital Realty Trust, Inc.	5,782					803,178
Duke Realty Corp.	8,144					263,703
Equinix, Inc.	1,871					1,168,570
Equity Residential	7,579					467,700
Essex Property Trust, Inc.	1,427					314,282
Extra Space Storage, Inc.	2,924					280,002
Federal Realty Investment Trust	1,600					119,376
Healthpeak Properties, Inc.	10,973					261,706
Host Hotels & Resorts, Inc.	15,956					176,154
Iron Mountain, Inc.	6,301					149,964
Kimco Realty Corp.	9,433					91,217
Mid-America Apartment Communities, Inc.	2,450					252,424
Prologis, Inc.	16,153					1,298,217
Public Storage	3,278					651,044
Realty Income Corp.	7,542					376,044
Regency Centers Corp.	3,780					145,265
SBA Communications Corp.	2,462					664,666
Simon Property Group, Inc.	6,690					367,013
SL Green Realty Corp.	1,850					79,735
UDR, Inc.	6,526					238,460
Ventas, Inc.	8,094					216,919
Vornado Realty Trust	3,463					125,395
Welltower, Inc.	8,826					404,054
Weyerhaeuser Co.	16,606					281,472
						13,875,244
Real Estate Management & Development 0.1%
CBRE Group, Inc. "A"*	7,494					282,599
Utilities 3.6%
Electric Utilities 2.3%
Alliant Energy Corp.	5,309					256,372
American Electric Power Co., Inc.	10,942					875,141
Duke Energy Corp.	16,118					1,303,624
Edison International	7,865					430,923
Entergy Corp.	4,314					405,387
Evergy, Inc.	5,050					278,003
Eversource Energy	7,078					553,570
Exelon Corp.	21,388					787,292
FirstEnergy Corp.	11,715					469,420
NextEra Energy, Inc.	10,788					2,595,809
NRG Energy, Inc.	5,770					157,290
Pinnacle West Capital Corp.	2,525					191,370
PPL Corp.	16,896					416,993
Southern Co.	23,122					1,251,825
Xcel Energy, Inc.	11,598					699,359
						10,672,378
Gas Utilities 0.1%
Atmos Energy Corp.	2,661					264,051
Independent Power & Renewable Electricity Producers 0.0%
AES Corp.	14,960					203,456
Multi-Utilities 1.1%
Ameren Corp.	5,444					396,487
CenterPoint Energy, Inc.	10,816					167,107
CMS Energy Corp.	6,362					373,767
Consolidated Edison, Inc.	7,272					567,216
Dominion Energy, Inc	18,156					1,310,682
DTE Energy Co.	4,249					403,528
NiSource, Inc.	7,919					197,737
Public Service Enterprise Group, Inc.	11,025					495,133
Sempra Energy	6,159					695,905
WEC Energy Group, Inc.	6,907					608,714
						5,216,276
Water Utilities 0.1%
American Water Works Co., Inc.	4,028					481,587
Total Common Stocks (Cost $261,526,235)				471,453,749
		Principal Amount ($)				Value ($)
Government & Agency Obligations 0.1%
U.S. Treasury Obligation
U.S. Treasury Bill, 0.595% **, 7/16/2020 (b) (Cost $657,143)			660,000			659,847
		Shares				Value ($)
Securities Lending Collateral 0.1%
DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", 0.33% (c) (d) (Cost $250,823)	250,823					250,823
Cash Equivalents 0.4%
DWS Central Cash Management Government Fund, 0.32% (c) (Cost $1,791,468)	1,791,468					1,791,468
		% of Net Assets				Value ($)
Total Investment Portfolio (Cost $264,225,669)	100.0				474,155,887
Other Assets and Liabilities, Net	0.0				183,210
Net Assets	100.0				474,339,097

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 March 31, 2020 are as follows:

Value ($) at           12/31/2019	Purchases Cost ($)	Sales Proceeds ($)	Net Realized Gain/ (Loss) ($)	Net Change in Unrealized Appreci- ation (Deprecia- tion) ($)	Income ($)	Capital Gain Distribu- tions ($)	Number of Shares at 3/31/2020	Value ($) at 3/31/2020
Securities Lending Collateral 0.1%
DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", 0.33% (c) (d)
251,422	—	599 (e)	—	—	825	—	250,823	250,823
Cash Equivalents 0.4%
DWS Central Cash Management Government Fund, 0.32% (c)
11,512,814	15,092,577	24,813,923	—	—	13,516	—	1,791,468	1,791,468
11,764,236	15,092,577	24,814,522	—	—	14,341	—	2,042,291	2,042,291

*	Non-income producing security.
**	Annualized yield at time of purchase; not a coupon rate.
(a)	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 March 31, 2020 amounted to $232,221, which is 0.1% of net assets.
(b)	At March 31, 2020, this security has been pledged, in whole or in part, to cover initial margin requirements for open futures contracts.
(c)	Affiliated fund managed by DWS Investment Management Americas, Inc.  The rate shown is the annualized seven-day yield at period end.
(d)	Represents cash collateral held in connection with securities lending. Income earned by the Fund is net of borrower rebates.
(e)	Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount invested in cash collateral for the period ended March 31, 2020.
S&P: Standard & Poor's
At March 31, 2020, open futures contracts purchased were as follows:

Futures	Currency		Expiration Date	Contracts		Notional Amount ($)		Notional Value ($)		Unrealized Depreciation ($)
S&P 500 E-Mini Index		USD	6/19/2020		21		2,728,344		2,698,185		(30,159)

Currency Abbreviation
USD	United States Dollar

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 March 31, 2020 in valuing the Fund's investments.

Assets			Level 1		Level 2		Level 3		Total
Common Stocks(f)		$	471,453,749	$	—	$	—	$	471,453,749
Government & Agency Obligations			—		659,847		—		659,847
Short-Term Investments(f)			2,042,291		—		—		2,042,291
Total		$	473,496,040	$	659,847	$	—	$	474,155,887
Liabilities			Level 1		Level 2		Level 3		Total
Derivatives(g)
	Futures Contracts	$	(30,159)	$	—	$	—	$	(30,159)
Total		$	(30,159)	$	—	$	—	$	(30,159)

(f)	See Investment Portfolio for additional detailed categorizations.
(g)	Derivatives include unrealized appreciation (depreciation) on open futures contracts.

Derivatives

The following table presents, by major type of derivative contract, the unrealized appreciation (depreciation) of the Fund's derivative instruments as of March 31, 2020 categorized by the primary underlying risk exposure. 

Primary Underlying Risk Disclosure	Futures
Equity Contracts	$ (30,159)