UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM N-CSRS
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-06698
Deutsche DWS Equity 500 Index Portfolio
(Exact Name of Registrant as Specified in Charter)
875 Third Avenue
New York, NY 10022-6225
(Address of Principal Executive Offices) (Zip Code)
Registrant’s Telephone Number, including Area Code: (212) 454-4500
Diane Kenneally
100 Summer Street
Boston, MA 02110
(Name and Address of Agent for Service)
Date of fiscal year end: | 12/31 |
Date of reporting period: | 6/30/2024 |
Item 1. | Reports to Stockholders. |
(a) Not applicable |
(b) Not applicable | |
Item 2. | Code of Ethics. |
Not applicable | |
Item 3. | Audit Committee Financial Expert. |
Not applicable | |
Item 4. | Principal Accountant Fees and Services. |
Not applicable | |
Item 5. | Audit Committee of Listed Registrants. |
Not applicable | |
Item 6. | Investments. |
Not applicable | |
Item 7. | Financial Statements and Financial Highlights for Open-End Management Investment Companies. |
(a) |
3 | |
4 | |
5 | |
6 | |
9 | |
15 | |
34 | |
35 | |
36 | |
37 | |
38 | |
45 |
2 | | | DWS Equity 500 Index Fund |
Assets | |
Investments in Deutsche DWS Equity 500 Index Portfolio, at value | $397,812,260 |
Receivable for Fund shares sold | 180,259 |
Other assets | 33,295 |
Total assets | 398,025,814 |
Liabilities | |
Payable for Fund shares redeemed | 61,044 |
Accrued Trustees' fees | 984 |
Other accrued expenses and payables | 128,150 |
Total liabilities | 190,178 |
Net assets, at value | $397,835,636 |
Net Assets Consist of | |
Distributable earnings (loss) | 342,436,337 |
Paid-in capital | 55,399,299 |
Net assets, at value | $397,835,636 |
Net Asset Value | |
Class R6 | |
Net Asset Value, offering and redemption price per share ($13,808,566 ÷ 80,657 outstanding shares of beneficial interest, $.01 par value, unlimited number of shares authorized) | $171.20 |
Class S | |
Net Asset Value, offering and redemption price per share ($279,827,441 ÷ 1,693,281 outstanding shares of beneficial interest, $.01 par value, unlimited number of shares authorized) | $165.26 |
Institutional Class | |
Net Asset Value, offering and redemption price per share ($104,199,629 ÷ 608,477 outstanding shares of beneficial interest, $.01 par value, unlimited number of shares authorized) | $171.25 |
DWS Equity 500 Index Fund | | | 3 |
Investment Income | |
Income and expenses allocated from Deutsche DWS Equity 500 Index Portfolio: | |
Dividends (net of foreign taxes withheld of $13,532) | $2,724,723 |
Interest | 4,127 |
Income distributions — DWS Central Cash Management Government Fund | 69,565 |
Securities lending income, net of borrower rebates | 28 |
Expenses | (188,454 ) |
Net investment income allocated from Deutsche DWS Equity 500 Index Portfolio | 2,609,989 |
Expenses: | |
Administration fee | 187,698 |
Services to shareholders | 170,858 |
Professional fees | 27,179 |
Reports to shareholders | 16,137 |
Registration fees | 23,773 |
Trustees' fees and expenses | 2,549 |
Other | 4,924 |
Total expenses before expense reductions | 433,118 |
Expense reductions | (167,913 ) |
Total expenses after expense reductions | 265,205 |
Net investment income | 2,344,784 |
Realized and Unrealized Gain (Loss) | |
Net realized gain (loss) allocated from Deutsche DWS Equity 500 Index Portfolio: | |
Investments | 17,998,610 |
Futures | 418,366 |
18,416,976 | |
Change in net unrealized appreciation (depreciation) allocated from Deutsche DWS Equity 500 Index Portfolio: | |
Investments | 34,065,436 |
Futures | (4,486 ) |
34,060,950 | |
Net gain (loss) | 52,477,926 |
Net increase (decrease) in net assets resulting from operations | $54,822,710 |
4 | | | DWS Equity 500 Index Fund |
Six Months Ended June 30, 2024 | Year Ended December 31, | |
Increase (Decrease) in Net Assets | (Unaudited) | 2023 |
Operations: | ||
Net investment income | $2,344,784 | $5,880,965 |
Net realized gain (loss) | 18,416,976 | 45,280,206 |
Change in net unrealized appreciation (depreciation) | 34,060,950 | 44,035,477 |
Net increase (decrease) in net assets resulting from operations | 54,822,710 | 95,196,648 |
Distributions to shareholders: | ||
Class R6 | (258,380 ) | (2,206,254 ) |
Class S | (5,507,191 ) | (57,536,124 ) |
Institutional Class | (2,072,182 ) | (24,745,972 ) |
Total distributions | (7,837,753 ) | (84,488,350 ) |
Fund share transactions: | ||
Proceeds from shares sold | 18,126,104 | 42,445,179 |
Reinvestment of distributions | 7,421,204 | 80,055,475 |
Payments for shares redeemed | (51,332,695 ) | (213,362,562 ) |
Net increase (decrease) in net assets from Fund share transactions | (25,785,387 ) | (90,861,908 ) |
Increase (decrease) in net assets | 21,199,570 | (80,153,610 ) |
Net assets at beginning of period | 376,636,066 | 456,789,676 |
Net assets at end of period | $397,835,636 | $376,636,066 |
DWS Equity 500 Index Fund | | | 5 |
DWS Equity 500 Index Fund — Class R6 | ||||||
Six Months Ended 6/30/24 | Years Ended December 31, | |||||
(Unaudited) | 2023 | 2022 | 2021 | 2020 | 2019 | |
Selected Per Share Data | ||||||
Net asset value, beginning of period | $151.58 | $152.81 | $213.73 | $192.26 | $198.17 | $172.91 |
Income (loss) from investment operations: | ||||||
Net investment incomea | 1.01 | 2.50 | 2.62 | 2.61 | 3.17 | 3.55 |
Net realized and unrealized gain (loss) | 21.97 | 36.54 | (41.39 ) | 51.07 | 29.98 | 49.27 |
Total from investment operations | 22.98 | 39.04 | (38.77 ) | 53.68 | 33.15 | 52.82 |
Less distributions from: | ||||||
Net investment income | (1.04 ) | (2.53 ) | (2.49 ) | (2.90 ) | (3.20 ) | (3.44 ) |
Net realized gains | (2.32 ) | (37.74 ) | (19.66 ) | (29.31 ) | (35.86 ) | (24.12 ) |
Total distributions | (3.36 ) | (40.27 ) | (22.15 ) | (32.21 ) | (39.06 ) | (27.56 ) |
Net asset value, end of period | $171.20 | $151.58 | $152.81 | $213.73 | $192.26 | $198.17 |
Total Return (%)b | 15.18 * | 26.04 | (18.27 ) | 28.44 | 18.05 | 31.21 |
Ratios to Average Net Assets and Supplemental Data | ||||||
Net assets, end of period ($ millions) | 14 | 10 | 9 | 8 | 7 | 5 |
Ratio of expenses before expense reductions, including expenses allocated from Deutsche DWS Equity 500 Index Portfolio (%) | .24 ** | .24 | .23 | .22 | .23 | .24 |
Ratio of expenses after expense reductions, including expenses allocated from Deutsche DWS Equity 500 Index Portfolio (%) | .20 ** | .20 | .20 | .20 | .20 | .23 |
Ratio of net investment income (%) | 1.25 ** | 1.49 | 1.45 | 1.21 | 1.64 | 1.80 |
Portfolio turnover rate for Deutsche DWS Equity 500 Index Portfolio (%) | 1 * | 2 | 2 | 2 | 4 | 3 |
a | Based on average shares outstanding during the period. |
b | Total return would have been lower had certain expenses not been reduced. |
* | Not annualized |
** | Annualized |
6 | | | DWS Equity 500 Index Fund |
DWS Equity 500 Index Fund — Class S | ||||||
Six Months Ended 6/30/24 | Years Ended December 31, | |||||
(Unaudited) | 2023 | 2022 | 2021 | 2020 | 2019 | |
Selected Per Share Data | ||||||
Net asset value, beginning of period | $146.39 | $148.63 | $208.54 | $188.17 | $194.65 | $170.17 |
Income (loss) from investment operations: | ||||||
Net investment incomea | .94 | 2.35 | 2.46 | 2.44 | 3.03 | 3.40 |
Net realized and unrealized gain (loss) | 21.22 | 35.53 | (40.36 ) | 49.97 | 29.40 | 48.47 |
Total from investment operations | 22.16 | 37.88 | (37.90 ) | 52.41 | 32.43 | 51.87 |
Less distributions from: | ||||||
Net investment income | (.97 ) | (2.38 ) | (2.35 ) | (2.73 ) | (3.05 ) | (3.27 ) |
Net realized gains | (2.32 ) | (37.74 ) | (19.66 ) | (29.31 ) | (35.86 ) | (24.12 ) |
Total distributions | (3.29 ) | (40.12 ) | (22.01 ) | (32.04 ) | (38.91 ) | (27.39 ) |
Net asset value, end of period | $165.26 | $146.39 | $148.63 | $208.54 | $188.17 | $194.65 |
Total Return (%)b | 15.15 * | 25.98 | (18.31 ) | 28.37 | 17.99 | 31.14 |
Ratios to Average Net Assets and Supplemental Data | ||||||
Net assets, end of period ($ millions) | 280 | 255 | 230 | 337 | 325 | 331 |
Ratio of expenses before expense reductions, including expenses allocated from Deutsche DWS Equity 500 Index Portfolio (%) | .34 ** | .36 | .34 | .35 | .36 | .39 |
Ratio of expenses after expense reductions, including expenses allocated from Deutsche DWS Equity 500 Index Portfolio (%) | .25 ** | .25 | .25 | .25 | .25 | .28 |
Ratio of net investment income (%) | 1.20 ** | 1.43 | 1.38 | 1.16 | 1.61 | 1.75 |
Portfolio turnover rate for Deutsche DWS Equity 500 Index Portfolio (%) | 1 * | 2 | 2 | 2 | 4 | 3 |
a | Based on average shares outstanding during the period. |
b | Total return would have been lower had certain expenses not been reduced. |
* | Not annualized |
** | Annualized |
DWS Equity 500 Index Fund | | | 7 |
DWS Equity 500 Index Fund — Institutional Class | ||||||
Six Months Ended 6/30/24 | Years Ended December 31, | |||||
(Unaudited) | 2023 | 2022 | 2021 | 2020 | 2019 | |
Selected Per Share Data | ||||||
Net asset value, beginning of period | $151.62 | $152.84 | $213.77 | $192.30 | $198.20 | $172.92 |
Income (loss) from investment operations: | ||||||
Net investment incomea | 1.00 | 2.44 | 2.61 | 2.60 | 3.19 | 3.56 |
Net realized and unrealized gain (loss) | 21.99 | 36.61 | (41.38 ) | 51.08 | 29.97 | 49.27 |
Total from investment operations | 22.99 | 39.05 | (38.77 ) | 53.68 | 33.16 | 52.83 |
Less distributions from: | ||||||
Net investment income | (1.04 ) | (2.53 ) | (2.50 ) | (2.90 ) | (3.20 ) | (3.43 ) |
Net realized gains | (2.32 ) | (37.74 ) | (19.66 ) | (29.31 ) | (35.86 ) | (24.12 ) |
Total distributions | (3.36 ) | (40.27 ) | (22.16 ) | (32.21 ) | (39.06 ) | (27.55 ) |
Net asset value, end of period | $171.25 | $151.62 | $152.84 | $213.77 | $192.30 | $198.20 |
Total Return (%)b | 15.18 * | 26.05 | (18.27 ) | 28.43 | 18.05 | 31.21 |
Ratios to Average Net Assets and Supplemental Data | ||||||
Net assets, end of period ($ millions) | 104 | 111 | 218 | 318 | 279 | 291 |
Ratio of expenses before expense reductions, including expenses allocated from Deutsche DWS Equity 500 Index Portfolio (%) | .29 ** | .30 | .30 | .28 | .29 | .27 |
Ratio of expenses after expense reductions, including expenses allocated from Deutsche DWS Equity 500 Index Portfolio (%) | .20 ** | .20 | .20 | .20 | .20 | .23 |
Ratio of net investment income (%) | 1.24 ** | 1.47 | 1.42 | 1.21 | 1.66 | 1.80 |
Portfolio turnover rate for Deutsche DWS Equity 500 Index Portfolio (%) | 1 * | 2 | 2 | 2 | 4 | 3 |
a | Based on average shares outstanding during the period. |
b | Total return would have been lower had certain expenses not been reduced. |
* | Not annualized |
** | Annualized |
8 | | | DWS Equity 500 Index Fund |
DWS Equity 500 Index Fund | | | 9 |
10 | | | DWS Equity 500 Index Fund |
Class R6 | .20% |
Class S | .25% |
Institutional Class | .20% |
DWS Equity 500 Index Fund | | | 11 |
Class R6 | $2,074 |
Class S | 114,465 |
Institutional Class | 51,374 |
$167,913 |
Services to Shareholders | Total Aggregated | Unpaid at June 30, 2024 |
Class R6 | $91 | $31 |
Class S | 12,559 | 3,970 |
Institutional Class | 607 | 195 |
$13,257 | $4,196 |
Sub-Recordkeeping | Total Aggregated |
Class S | $121,445 |
Institutional Class | 31,424 |
$152,869 |
12 | | | DWS Equity 500 Index Fund |
Six Months Ended June 30, 2024 | Year Ended December 31, 2023 | |||
Shares | Dollars | Shares | Dollars | |
Shares sold | ||||
Class R6 | 15,431 | $2,592,656 | 9,262 | $1,536,141 |
Class S | 58,517 | 9,180,516 | 118,925 | 19,231,106 |
Institutional Class | 39,600 | 6,352,932 | 132,288 | 21,677,932 |
$18,126,104 | $42,445,179 | |||
Shares issued to shareholders in reinvestment of distributions | ||||
Class R6 | 1,443 | $246,228 | 13,863 | $2,092,369 |
Class S | 33,067 | 5,445,605 | 389,239 | 56,754,896 |
Institutional Class | 10,144 | 1,729,371 | 140,174 | 21,208,210 |
$7,421,204 | $80,055,475 | |||
Shares redeemed | ||||
Class R6 | (4,242 ) | $(693,638 ) | (12,568 ) | $(2,111,942 ) |
Class S | (143,266 ) | (22,440,023 ) | (312,580 ) | (50,421,778 ) |
Institutional Class | (172,557 ) | (28,199,034 ) | (965,662 ) | (160,828,842 ) |
$(51,332,695 ) | $(213,362,562 ) | |||
Net increase (decrease) | ||||
Class R6 | 12,632 | $2,145,246 | 10,557 | $1,516,568 |
Class S | (51,682 ) | (7,813,902 ) | 195,584 | 25,564,224 |
Institutional Class | (122,813 ) | (20,116,731 ) | (693,200 ) | (117,942,700 ) |
$(25,785,387 ) | $(90,861,908 ) |
DWS Equity 500 Index Fund | | | 13 |
14 | | | Deutsche DWS Equity 500 Index Portfolio |
Shares | Value ($) | ||
Common Stocks 99.1% | |||
Communication Services 9.3% | |||
Diversified Telecommunication Services 0.7% | |||
AT&T, Inc. | 266,319 | 5,089,356 | |
Verizon Communications, Inc. | 156,661 | 6,460,700 | |
11,550,056 | |||
Entertainment 1.2% | |||
Electronic Arts, Inc. | 9,119 | 1,270,550 | |
Live Nation Entertainment, Inc.* | 5,319 | 498,603 | |
Netflix, Inc.* | 16,041 | 10,825,750 | |
Take-Two Interactive Software, Inc.* | 5,998 | 932,629 | |
Walt Disney Co. | 67,873 | 6,739,110 | |
Warner Bros Discovery, Inc.* | 80,923 | 602,067 | |
20,868,709 | |||
Interactive Media & Services 6.7% | |||
Alphabet, Inc. “A” | 218,681 | 39,832,744 | |
Alphabet, Inc. “C” | 181,974 | 33,377,671 | |
Match Group, Inc.* | 9,852 | 299,304 | |
Meta Platforms, Inc. “A” | 81,591 | 41,139,814 | |
114,649,533 | |||
Media 0.5% | |||
Charter Communications, Inc. “A” * | 3,650 | 1,091,204 | |
Comcast Corp. “A” | 145,636 | 5,703,106 | |
Fox Corp. “A” | 8,095 | 278,225 | |
Fox Corp. “B” | 5,421 | 173,581 | |
Interpublic Group of Companies, Inc. | 13,655 | 397,224 | |
News Corp. “A” | 14,118 | 389,233 | |
News Corp. “B” | 4,685 | 133,007 | |
Omnicom Group, Inc. | 7,242 | 649,607 | |
Paramount Global “B” | 18,236 | 189,472 | |
9,004,659 | |||
Wireless Telecommunication Services 0.2% | |||
T-Mobile U.S., Inc. | 19,243 | 3,390,232 |
Deutsche DWS Equity 500 Index Portfolio | | | 15 |
Shares | Value ($) | ||
Consumer Discretionary 9.9% | |||
Automobile Components 0.1% | |||
Aptiv PLC* | 9,985 | 703,144 | |
BorgWarner, Inc. | 8,648 | 278,811 | |
981,955 | |||
Automobiles 1.4% | |||
Ford Motor Co. | 146,020 | 1,831,091 | |
General Motors Co. | 42,744 | 1,985,886 | |
Tesla, Inc.* | 103,223 | 20,425,767 | |
24,242,744 | |||
Broadline Retail 3.9% | |||
Amazon.com, Inc.* | 340,991 | 65,896,511 | |
eBay, Inc. | 18,757 | 1,007,626 | |
Etsy, Inc.* | 4,367 | 257,566 | |
67,161,703 | |||
Distributors 0.1% | |||
Genuine Parts Co. | 5,148 | 712,071 | |
LKQ Corp. | 9,792 | 407,249 | |
Pool Corp. | 1,426 | 438,253 | |
1,557,573 | |||
Hotels, Restaurants & Leisure 1.9% | |||
Airbnb, Inc. “A” * | 16,409 | 2,488,097 | |
Booking Holdings, Inc. | 1,263 | 5,003,374 | |
Caesars Entertainment, Inc.* | 8,393 | 333,538 | |
Carnival Corp.* | 37,853 | 708,608 | |
Chipotle Mexican Grill, Inc.* | 51,050 | 3,198,282 | |
Darden Restaurants, Inc. | 4,504 | 681,545 | |
Domino’s Pizza, Inc. | 1,304 | 673,294 | |
Expedia Group, Inc.* | 4,703 | 592,531 | |
Hilton Worldwide Holdings, Inc. | 9,329 | 2,035,588 | |
Las Vegas Sands Corp. | 13,433 | 594,410 | |
Marriott International, Inc. “A” | 8,901 | 2,151,995 | |
McDonald’s Corp. | 26,792 | 6,827,673 | |
MGM Resorts International* | 9,115 | 405,071 | |
Norwegian Cruise Line Holdings Ltd.* | 15,563 | 292,429 | |
Royal Caribbean Cruises Ltd.* | 8,813 | 1,405,057 | |
Starbucks Corp. | 42,192 | 3,284,647 | |
Wynn Resorts Ltd. | 3,432 | 307,164 | |
Yum! Brands, Inc. | 10,521 | 1,393,612 | |
32,376,915 |
16 | | | Deutsche DWS Equity 500 Index Portfolio |
Shares | Value ($) | ||
Household Durables 0.3% | |||
D.R. Horton, Inc. | 10,957 | 1,544,170 | |
Garmin Ltd. | 5,674 | 924,408 | |
Lennar Corp. “A” | 9,104 | 1,364,416 | |
Mohawk Industries, Inc.* | 2,044 | 232,178 | |
NVR, Inc.* | 116 | 880,273 | |
PulteGroup, Inc. | 7,897 | 869,460 | |
5,814,905 | |||
Leisure Products 0.0% | |||
Hasbro, Inc. | 4,747 | 277,700 | |
Specialty Retail 1.8% | |||
AutoZone, Inc.* | 642 | 1,902,952 | |
Bath & Body Works, Inc. | 8,726 | 340,750 | |
Best Buy Co., Inc. | 7,309 | 616,076 | |
CarMax, Inc.* | 5,764 | 422,732 | |
Home Depot, Inc. | 36,895 | 12,700,735 | |
Lowe’s Companies, Inc. | 21,277 | 4,690,727 | |
O’Reilly Automotive, Inc.* | 2,192 | 2,314,884 | |
Ross Stores, Inc. | 12,413 | 1,803,857 | |
TJX Companies, Inc. | 42,126 | 4,638,073 | |
Tractor Supply Co. | 3,997 | 1,079,190 | |
Ulta Beauty, Inc.* | 1,783 | 688,006 | |
31,197,982 | |||
Textiles, Apparel & Luxury Goods 0.4% | |||
Deckers Outdoor Corp.* | 955 | 924,392 | |
Lululemon Athletica, Inc.* | 4,301 | 1,284,709 | |
NIKE, Inc. “B” | 45,038 | 3,394,514 | |
Ralph Lauren Corp. | 1,526 | 267,142 | |
Tapestry, Inc. | 8,926 | 381,943 | |
6,252,700 | |||
Consumer Staples 5.7% | |||
Beverages 1.3% | |||
Brown-Forman Corp. “B” | 6,618 | 285,831 | |
Coca-Cola Co. | 144,223 | 9,179,794 | |
Constellation Brands, Inc. “A” | 6,025 | 1,550,112 | |
Keurig Dr Pepper, Inc. | 38,637 | 1,290,476 | |
Molson Coors Beverage Co. “B” | 6,923 | 351,896 | |
Monster Beverage Corp.* | 27,389 | 1,368,080 | |
PepsiCo, Inc. | 51,233 | 8,449,859 | |
22,476,048 |
Deutsche DWS Equity 500 Index Portfolio | | | 17 |
Shares | Value ($) | ||
Consumer Staples Distribution & Retail 1.9% | |||
Costco Wholesale Corp. | 16,506 | 14,029,935 | |
Dollar General Corp. | 8,163 | 1,079,394 | |
Dollar Tree, Inc.* | 7,644 | 816,150 | |
Kroger Co. | 24,927 | 1,244,605 | |
Sysco Corp. | 18,645 | 1,331,067 | |
Target Corp. | 17,152 | 2,539,182 | |
Walgreens Boots Alliance, Inc. | 26,981 | 326,335 | |
Walmart, Inc. | 159,040 | 10,768,598 | |
32,135,266 | |||
Food Products 0.7% | |||
Archer-Daniels-Midland Co. | 18,322 | 1,107,565 | |
Bunge Global SA | 5,407 | 577,305 | |
Campbell Soup Co. | 6,943 | 313,754 | |
Conagra Brands, Inc. | 18,307 | 520,285 | |
General Mills, Inc. | 20,761 | 1,313,341 | |
Hormel Foods Corp. | 11,296 | 344,415 | |
Kellanova | 9,916 | 571,955 | |
Kraft Heinz Co. | 29,263 | 942,854 | |
Lamb Weston Holdings, Inc. | 5,401 | 454,116 | |
McCormick & Co., Inc. | 9,496 | 673,646 | |
Mondelez International, Inc. “A” | 49,968 | 3,269,906 | |
The Hershey Co. | 5,501 | 1,011,249 | |
The J.M. Smucker Co. | 3,989 | 434,961 | |
Tyson Foods, Inc. “A” | 10,785 | 616,255 | |
12,151,607 | |||
Household Products 1.2% | |||
Church & Dwight Co., Inc. | 9,027 | 935,919 | |
Clorox Co. | 4,684 | 639,225 | |
Colgate-Palmolive Co. | 30,527 | 2,962,340 | |
Kimberly-Clark Corp. | 12,479 | 1,724,598 | |
Procter & Gamble Co. | 87,902 | 14,496,798 | |
20,758,880 | |||
Personal Care Products 0.1% | |||
Estee Lauder Companies, Inc. “A” | 8,626 | 917,806 | |
Kenvue, Inc. | 72,205 | 1,312,687 | |
2,230,493 |
18 | | | Deutsche DWS Equity 500 Index Portfolio |
Shares | Value ($) | ||
Tobacco 0.5% | |||
Altria Group, Inc. | 63,784 | 2,905,361 | |
Philip Morris International, Inc. | 57,893 | 5,866,298 | |
8,771,659 | |||
Energy 3.6% | |||
Energy Equipment & Services 0.3% | |||
Baker Hughes Co. | 37,565 | 1,321,161 | |
Halliburton Co. | 32,676 | 1,103,795 | |
Schlumberger NV | 52,926 | 2,497,049 | |
4,922,005 | |||
Oil, Gas & Consumable Fuels 3.3% | |||
APA Corp. | 13,791 | 406,007 | |
Chevron Corp. | 63,788 | 9,977,719 | |
ConocoPhillips | 43,560 | 4,982,393 | |
Coterra Energy, Inc. | 28,349 | 756,068 | |
Devon Energy Corp. | 23,526 | 1,115,132 | |
Diamondback Energy, Inc. | 6,632 | 1,327,660 | |
EOG Resources, Inc. | 21,347 | 2,686,947 | |
EQT Corp. | 16,370 | 605,363 | |
Exxon Mobil Corp. | 167,052 | 19,231,026 | |
Hess Corp. | 10,240 | 1,510,605 | |
Kinder Morgan, Inc. | 72,166 | 1,433,938 | |
Marathon Oil Corp. | 20,822 | 596,967 | |
Marathon Petroleum Corp. | 13,104 | 2,273,282 | |
Occidental Petroleum Corp. | 24,757 | 1,560,434 | |
ONEOK, Inc. | 21,839 | 1,780,970 | |
Phillips 66 | 15,762 | 2,225,122 | |
Targa Resources Corp. | 8,207 | 1,056,897 | |
Valero Energy Corp. | 12,145 | 1,903,850 | |
Williams Companies, Inc. | 45,225 | 1,922,062 | |
57,352,442 | |||
Financials 12.3% | |||
Banks 3.2% | |||
Bank of America Corp. | 253,135 | 10,067,179 | |
Citigroup, Inc. | 70,738 | 4,489,033 | |
Citizens Financial Group, Inc. | 17,171 | 618,671 | |
Fifth Third Bancorp. | 25,429 | 927,904 | |
Huntington Bancshares, Inc. | 53,665 | 707,305 | |
JPMorgan Chase & Co. | 106,924 | 21,626,448 | |
KeyCorp. | 34,418 | 489,080 | |
M&T Bank Corp. | 6,251 | 946,151 |
Deutsche DWS Equity 500 Index Portfolio | | | 19 |
Shares | Value ($) | ||
PNC Financial Services Group, Inc. | 14,725 | 2,289,443 | |
Regions Financial Corp. | 33,192 | 665,168 | |
Truist Financial Corp. | 49,990 | 1,942,112 | |
U.S. Bancorp. | 58,231 | 2,311,771 | |
Wells Fargo & Co. | 129,739 | 7,705,199 | |
54,785,464 | |||
Capital Markets 2.8% | |||
Ameriprise Financial, Inc. | 3,726 | 1,591,710 | |
Bank of New York Mellon Corp. | 27,695 | 1,658,654 | |
BlackRock, Inc. | 5,200 | 4,094,064 | |
Blackstone, Inc. | 26,550 | 3,286,890 | |
Cboe Global Markets, Inc. | 4,005 | 681,090 | |
Charles Schwab Corp. | 55,412 | 4,083,310 | |
CME Group, Inc. | 13,379 | 2,630,311 | |
FactSet Research Systems, Inc. | 1,437 | 586,684 | |
Franklin Resources, Inc. | 11,385 | 254,455 | |
Intercontinental Exchange, Inc. | 21,268 | 2,911,377 | |
Invesco Ltd. | 16,455 | 246,167 | |
KKR & Co., Inc. | 24,792 | 2,609,110 | |
MarketAxess Holdings, Inc. | 1,396 | 279,940 | |
Moody’s Corp. | 5,845 | 2,460,336 | |
Morgan Stanley | 46,629 | 4,531,872 | |
MSCI, Inc. | 2,975 | 1,433,206 | |
Nasdaq, Inc. | 13,986 | 842,796 | |
Northern Trust Corp. | 7,821 | 656,808 | |
Raymond James Financial, Inc. | 7,083 | 875,530 | |
S&P Global, Inc. | 11,952 | 5,330,592 | |
State Street Corp. | 11,028 | 816,072 | |
T. Rowe Price Group, Inc. | 8,412 | 969,988 | |
The Goldman Sachs Group, Inc. | 12,003 | 5,429,197 | |
48,260,159 | |||
Consumer Finance 0.5% | |||
American Express Co. | 21,147 | 4,896,588 | |
Capital One Financial Corp. | 14,270 | 1,975,682 | |
Discover Financial Services | 9,430 | 1,233,538 | |
Synchrony Financial | 14,765 | 696,760 | |
8,802,568 | |||
Financial Services 3.8% | |||
Berkshire Hathaway, Inc. “B” * | 67,441 | 27,434,999 | |
Corpay, Inc.* | 2,592 | 690,535 | |
Fidelity National Information Services, Inc. | 20,705 | 1,560,329 | |
Fiserv, Inc.* | 21,761 | 3,243,259 |
20 | | | Deutsche DWS Equity 500 Index Portfolio |
Shares | Value ($) | ||
Global Payments, Inc. | 9,415 | 910,430 | |
Jack Henry & Associates, Inc. | 2,669 | 443,107 | |
Mastercard, Inc. “A” | 30,566 | 13,484,497 | |
PayPal Holdings, Inc.* | 38,851 | 2,254,524 | |
Visa, Inc. “A” | 58,635 | 15,389,928 | |
65,411,608 | |||
Insurance 2.0% | |||
Aflac, Inc. | 19,219 | 1,716,449 | |
Allstate Corp. | 9,772 | 1,560,197 | |
American International Group, Inc. | 24,665 | 1,831,130 | |
Aon PLC “A” | 8,082 | 2,372,714 | |
Arch Capital Group Ltd.* | 13,875 | 1,399,849 | |
Arthur J. Gallagher & Co. | 8,166 | 2,117,525 | |
Assurant, Inc. | 1,902 | 316,207 | |
Brown & Brown, Inc. | 8,704 | 778,225 | |
Chubb Ltd. | 15,132 | 3,859,871 | |
Cincinnati Financial Corp. | 5,939 | 701,396 | |
Everest Group Ltd. | 1,627 | 619,920 | |
Globe Life, Inc. | 3,184 | 261,979 | |
Hartford Financial Services Group, Inc. | 11,166 | 1,122,630 | |
Loews Corp. | 6,780 | 506,737 | |
Marsh & McLennan Companies, Inc. | 18,389 | 3,874,930 | |
MetLife, Inc. | 22,194 | 1,557,797 | |
Principal Financial Group, Inc. | 8,187 | 642,270 | |
Progressive Corp. | 21,831 | 4,534,517 | |
Prudential Financial, Inc. | 13,302 | 1,558,861 | |
Travelers Companies, Inc. | 8,463 | 1,720,866 | |
W.R. Berkley Corp. | 7,434 | 584,164 | |
Willis Towers Watson PLC | 3,802 | 996,656 | |
34,634,890 | |||
Health Care 11.6% | |||
Biotechnology 1.9% | |||
AbbVie, Inc. | 65,811 | 11,287,903 | |
Amgen, Inc. | 19,937 | 6,229,316 | |
Biogen, Inc.* | 5,406 | 1,253,219 | |
Gilead Sciences, Inc. | 46,342 | 3,179,524 | |
Incyte Corp.* | 5,919 | 358,810 | |
Moderna, Inc.* | 12,354 | 1,467,037 | |
Regeneron Pharmaceuticals, Inc.* | 3,956 | 4,157,875 | |
Vertex Pharmaceuticals, Inc.* | 9,608 | 4,503,462 | |
32,437,146 |
Deutsche DWS Equity 500 Index Portfolio | | | 21 |
Shares | Value ($) | ||
Health Care Equipment & Supplies 2.3% | |||
Abbott Laboratories | 64,644 | 6,717,158 | |
Align Technology, Inc.* | 2,587 | 624,579 | |
Baxter International, Inc. | 19,089 | 638,527 | |
Becton Dickinson & Co. | 10,737 | 2,509,344 | |
Boston Scientific Corp.* | 54,553 | 4,201,127 | |
Cooper Companies, Inc. | 7,500 | 654,750 | |
Dexcom, Inc.* | 14,768 | 1,674,396 | |
Edwards Lifesciences Corp.* | 22,504 | 2,078,694 | |
GE HealthCare Technologies, Inc. | 15,777 | 1,229,344 | |
Hologic, Inc.* | 8,894 | 660,380 | |
IDEXX Laboratories, Inc.* | 3,078 | 1,499,602 | |
Insulet Corp.* | 2,558 | 516,204 | |
Intuitive Surgical, Inc.* | 13,187 | 5,866,237 | |
Medtronic PLC | 49,444 | 3,891,737 | |
ResMed, Inc. | 5,533 | 1,059,127 | |
Solventum Corp.* | 5,266 | 278,466 | |
STERIS PLC | 3,658 | 803,077 | |
Stryker Corp. | 12,594 | 4,285,109 | |
Teleflex, Inc. | 1,819 | 382,590 | |
Zimmer Biomet Holdings, Inc. | 7,640 | 829,169 | |
40,399,617 | |||
Health Care Providers & Services 2.4% | |||
Cardinal Health, Inc. | 9,038 | 888,616 | |
Cencora, Inc. | 6,177 | 1,391,678 | |
Centene Corp.* | 20,076 | 1,331,039 | |
Cigna Group | 10,568 | 3,493,464 | |
CVS Health Corp. | 46,876 | 2,768,497 | |
DaVita, Inc.* | 1,985 | 275,061 | |
Elevance Health, Inc. | 8,623 | 4,672,459 | |
HCA Healthcare, Inc. | 7,169 | 2,303,256 | |
Henry Schein, Inc.* | 4,782 | 306,526 | |
Humana, Inc. | 4,458 | 1,665,732 | |
Labcorp Holdings, Inc. | 3,168 | 644,720 | |
McKesson Corp. | 4,843 | 2,828,506 | |
Molina Healthcare, Inc.* | 2,214 | 658,222 | |
Quest Diagnostics, Inc. | 4,160 | 569,421 | |
UnitedHealth Group, Inc. | 34,246 | 17,440,118 | |
Universal Health Services, Inc. “B” | 2,282 | 422,010 | |
41,659,325 | |||
Life Sciences Tools & Services 1.2% | |||
Agilent Technologies, Inc. | 10,987 | 1,424,245 |
22 | | | Deutsche DWS Equity 500 Index Portfolio |
Shares | Value ($) | ||
Bio-Rad Laboratories, Inc. “A” * | 726 | 198,278 | |
Bio-Techne Corp. | 5,782 | 414,280 | |
Charles River Laboratories International, Inc.* | 1,933 | 399,319 | |
Danaher Corp. | 24,506 | 6,122,824 | |
IQVIA Holdings, Inc.* | 6,746 | 1,426,374 | |
Mettler-Toledo International, Inc.* | 799 | 1,116,675 | |
Revvity, Inc. | 4,692 | 492,003 | |
Thermo Fisher Scientific, Inc. | 14,197 | 7,850,941 | |
Waters Corp.* | 2,243 | 650,739 | |
West Pharmaceutical Services, Inc. | 2,734 | 900,552 | |
20,996,230 | |||
Pharmaceuticals 3.8% | |||
Bristol-Myers Squibb Co. | 75,501 | 3,135,557 | |
Catalent, Inc.* | 6,613 | 371,849 | |
Eli Lilly & Co. | 29,728 | 26,915,137 | |
Johnson & Johnson | 89,482 | 13,078,689 | |
Merck & Co., Inc. | 94,294 | 11,673,597 | |
Pfizer, Inc. | 211,257 | 5,910,971 | |
Viatris, Inc. | 45,013 | 478,488 | |
Zoetis, Inc. | 17,082 | 2,961,335 | |
64,525,623 | |||
Industrials 8.1% | |||
Aerospace & Defense 1.8% | |||
Axon Enterprise, Inc.* | 2,653 | 780,619 | |
Boeing Co.* | 21,488 | 3,911,031 | |
General Dynamics Corp. | 8,429 | 2,445,590 | |
General Electric Co. | 40,757 | 6,479,140 | |
Howmet Aerospace, Inc. | 14,518 | 1,127,032 | |
Huntington Ingalls Industries, Inc. | 1,447 | 356,440 | |
L3Harris Technologies, Inc. | 7,128 | 1,600,806 | |
Lockheed Martin Corp. | 7,943 | 3,710,175 | |
Northrop Grumman Corp. | 5,168 | 2,252,990 | |
RTX Corp. | 49,420 | 4,961,274 | |
Textron, Inc. | 7,026 | 603,252 | |
TransDigm Group, Inc. | 2,080 | 2,657,429 | |
30,885,778 | |||
Air Freight & Logistics 0.4% | |||
C.H. Robinson Worldwide, Inc. | 4,314 | 380,150 | |
Expeditors International of Washington, Inc. | 5,121 | 639,050 |
Deutsche DWS Equity 500 Index Portfolio | | | 23 |
Shares | Value ($) | ||
FedEx Corp. | 8,399 | 2,518,356 | |
United Parcel Service, Inc. “B” | 27,091 | 3,707,403 | |
7,244,959 | |||
Building Products 0.5% | |||
A.O. Smith Corp. | 4,293 | 351,082 | |
Allegion PLC | 3,261 | 385,287 | |
Builders FirstSource, Inc.* | 4,504 | 623,399 | |
Carrier Global Corp. | 31,362 | 1,978,315 | |
Johnson Controls International PLC | 24,981 | 1,660,487 | |
Masco Corp. | 8,409 | 560,628 | |
Trane Technologies PLC | 8,439 | 2,775,840 | |
8,335,038 | |||
Commercial Services & Supplies 0.6% | |||
Cintas Corp. | 3,227 | 2,259,739 | |
Copart, Inc.* | 32,432 | 1,756,517 | |
Republic Services, Inc. | 7,676 | 1,491,754 | |
Rollins, Inc. | 10,270 | 501,073 | |
Veralto Corp. | 8,298 | 792,210 | |
Waste Management, Inc. | 13,619 | 2,905,478 | |
9,706,771 | |||
Construction & Engineering 0.1% | |||
Quanta Services, Inc. | 5,457 | 1,386,569 | |
Electrical Equipment 0.7% | |||
AMETEK, Inc. | 8,666 | 1,444,709 | |
Eaton Corp. PLC | 14,903 | 4,672,836 | |
Emerson Electric Co. | 21,149 | 2,329,774 | |
GE Vernova, Inc.* | 10,195 | 1,748,544 | |
Generac Holdings, Inc.* | 2,280 | 301,461 | |
Hubbell, Inc. | 2,031 | 742,290 | |
Rockwell Automation, Inc. | 4,271 | 1,175,721 | |
12,415,335 | |||
Ground Transportation 1.0% | |||
CSX Corp. | 73,184 | 2,448,005 | |
J.B. Hunt Transport Services, Inc. | 3,101 | 496,160 | |
Norfolk Southern Corp. | 8,484 | 1,821,430 | |
Old Dominion Freight Line, Inc. | 6,687 | 1,180,924 | |
Uber Technologies, Inc.* | 77,769 | 5,652,251 | |
Union Pacific Corp. | 22,691 | 5,134,066 | |
16,732,836 |
24 | | | Deutsche DWS Equity 500 Index Portfolio |
Shares | Value ($) | ||
Industrial Conglomerates 0.4% | |||
3M Co. | 20,753 | 2,120,749 | |
Honeywell International, Inc. | 24,187 | 5,164,892 | |
7,285,641 | |||
Machinery 1.6% | |||
Caterpillar, Inc. | 18,192 | 6,059,755 | |
Cummins, Inc. | 5,098 | 1,411,789 | |
Deere & Co. | 9,659 | 3,608,892 | |
Dover Corp. | 5,023 | 906,400 | |
Fortive Corp. | 13,182 | 976,786 | |
IDEX Corp. | 2,869 | 577,243 | |
Illinois Tool Works, Inc. | 10,064 | 2,384,766 | |
Ingersoll Rand, Inc. | 15,186 | 1,379,496 | |
Nordson Corp. | 2,084 | 483,363 | |
Otis Worldwide Corp. | 14,941 | 1,438,221 | |
PACCAR, Inc. | 19,403 | 1,997,345 | |
Parker-Hannifin Corp. | 4,802 | 2,428,900 | |
Pentair PLC | 6,260 | 479,954 | |
Snap-on, Inc. | 1,995 | 521,473 | |
Stanley Black & Decker, Inc. | 5,663 | 452,417 | |
Westinghouse Air Brake Technologies Corp. | 6,504 | 1,027,957 | |
Xylem, Inc. | 8,997 | 1,220,263 | |
27,355,020 | |||
Passenger Airlines 0.1% | |||
American Airlines Group, Inc.* | 24,620 | 278,945 | |
Delta Air Lines, Inc. | 23,893 | 1,133,484 | |
Southwest Airlines Co. | 22,591 | 646,328 | |
United Airlines Holdings, Inc.* | 12,327 | 599,832 | |
2,658,589 | |||
Professional Services 0.6% | |||
Automatic Data Processing, Inc. | 15,288 | 3,649,093 | |
Broadridge Financial Solutions, Inc. | 4,380 | 862,860 | |
Dayforce, Inc.* | 5,829 | 289,118 | |
Equifax, Inc. | 4,616 | 1,119,195 | |
Jacobs Solutions, Inc. | 4,613 | 644,482 | |
Leidos Holdings, Inc. | 4,980 | 726,482 | |
Paychex, Inc. | 11,826 | 1,402,091 | |
Paycom Software, Inc. | 1,811 | 259,046 | |
Verisk Analytics, Inc. | 5,284 | 1,424,302 | |
10,376,669 |
Deutsche DWS Equity 500 Index Portfolio | | | 25 |
Shares | Value ($) | ||
Trading Companies & Distributors 0.3% | |||
Fastenal Co. | 21,508 | 1,351,563 | |
United Rentals, Inc. | 2,465 | 1,594,189 | |
W.W. Grainger, Inc. | 1,613 | 1,455,313 | |
4,401,065 | |||
Information Technology 32.2% | |||
Communications Equipment 0.8% | |||
Arista Networks, Inc.* | 9,454 | 3,313,438 | |
Cisco Systems, Inc. | 150,606 | 7,155,291 | |
F5, Inc.* | 2,235 | 384,934 | |
Juniper Networks, Inc. | 12,229 | 445,869 | |
Motorola Solutions, Inc. | 6,170 | 2,381,929 | |
13,681,461 | |||
Electronic Equipment, Instruments & Components 0.6% | |||
Amphenol Corp. “A” | 44,554 | 3,001,603 | |
CDW Corp. | 4,956 | 1,109,351 | |
Corning, Inc. | 28,577 | 1,110,216 | |
Jabil, Inc. | 4,465 | 485,747 | |
Keysight Technologies, Inc.* | 6,441 | 880,807 | |
TE Connectivity Ltd. | 11,406 | 1,715,805 | |
Teledyne Technologies, Inc.* | 1,795 | 696,424 | |
Trimble, Inc.* | 9,192 | 514,017 | |
Zebra Technologies Corp. “A” * | 1,927 | 595,308 | |
10,109,278 | |||
IT Services 1.1% | |||
Accenture PLC “A” | 23,432 | 7,109,503 | |
Akamai Technologies, Inc.* | 5,682 | 511,835 | |
Cognizant Technology Solutions Corp. “A” | 18,306 | 1,244,808 | |
EPAM Systems, Inc.* | 2,183 | 410,644 | |
Gartner, Inc.* | 2,917 | 1,309,908 | |
GoDaddy, Inc. “A” * | 5,233 | 731,102 | |
International Business Machines Corp. | 34,246 | 5,922,846 | |
VeriSign, Inc.* | 3,213 | 571,271 | |
17,811,917 | |||
Semiconductors & Semiconductor Equipment 11.9% | |||
Advanced Micro Devices, Inc.* | 60,200 | 9,765,042 | |
Analog Devices, Inc. | 18,479 | 4,218,016 | |
Applied Materials, Inc. | 30,902 | 7,292,563 | |
Broadcom, Inc. | 16,218 | 26,038,485 | |
Enphase Energy, Inc.* | 5,156 | 514,105 |
26 | | | Deutsche DWS Equity 500 Index Portfolio |
Shares | Value ($) | ||
First Solar, Inc.* | 4,033 | 909,280 | |
Intel Corp. | 158,376 | 4,904,905 | |
KLA Corp. | 5,007 | 4,128,322 | |
Lam Research Corp. | 4,881 | 5,197,533 | |
Microchip Technology, Inc. | 20,026 | 1,832,379 | |
Micron Technology, Inc. | 41,136 | 5,410,618 | |
Monolithic Power Systems, Inc. | 1,807 | 1,484,776 | |
NVIDIA Corp. | 915,798 | 113,137,685 | |
NXP Semiconductors NV | 9,499 | 2,556,086 | |
ON Semiconductor Corp.* | 15,846 | 1,086,243 | |
Qorvo, Inc.* | 3,634 | 421,689 | |
QUALCOMM, Inc. | 41,606 | 8,287,083 | |
Skyworks Solutions, Inc. | 6,045 | 644,276 | |
Teradyne, Inc. | 5,840 | 866,014 | |
Texas Instruments, Inc. | 33,890 | 6,592,622 | |
205,287,722 | |||
Software 10.9% | |||
Adobe, Inc.* | 16,670 | 9,260,852 | |
ANSYS, Inc.* | 3,267 | 1,050,340 | |
Autodesk, Inc.* | 7,908 | 1,956,835 | |
Cadence Design Systems, Inc.* | 10,109 | 3,111,045 | |
Crowdstrike Holdings, Inc. “A” * | 8,585 | 3,289,686 | |
Fair Isaac Corp.* | 923 | 1,374,033 | |
Fortinet, Inc.* | 23,531 | 1,418,213 | |
Gen Digital, Inc. | 20,361 | 508,618 | |
Intuit, Inc. | 10,412 | 6,842,870 | |
Microsoft Corp. | 276,740 | 123,688,943 | |
Oracle Corp. | 59,430 | 8,391,516 | |
Palo Alto Networks, Inc.* | 12,026 | 4,076,934 | |
PTC, Inc.* | 4,468 | 811,702 | |
Roper Technologies, Inc. | 3,969 | 2,237,167 | |
Salesforce, Inc. | 36,155 | 9,295,450 | |
ServiceNow, Inc.* | 7,626 | 5,999,145 | |
Synopsys, Inc.* | 5,677 | 3,378,156 | |
Tyler Technologies, Inc.* | 1,583 | 795,901 | |
187,487,406 | |||
Technology Hardware, Storage & Peripherals 6.9% | |||
Apple, Inc. | 536,666 | 113,032,593 | |
Hewlett Packard Enterprise Co. | 48,524 | 1,027,253 | |
HP, Inc. | 32,410 | 1,134,998 | |
NetApp, Inc. | 7,642 | 984,290 | |
Seagate Technology Holdings PLC | 7,186 | 742,098 |
Deutsche DWS Equity 500 Index Portfolio | | | 27 |
Shares | Value ($) | ||
Super Micro Computer, Inc.* | 1,888 | 1,546,933 | |
Western Digital Corp.* | 12,165 | 921,742 | |
119,389,907 | |||
Materials 2.1% | |||
Chemicals 1.4% | |||
Air Products & Chemicals, Inc. | 8,252 | 2,129,429 | |
Albemarle Corp. | 4,413 | 421,530 | |
Celanese Corp. | 3,681 | 496,530 | |
CF Industries Holdings, Inc. | 6,702 | 496,752 | |
Corteva, Inc. | 26,264 | 1,416,680 | |
Dow, Inc. | 26,322 | 1,396,382 | |
DuPont de Nemours, Inc. | 15,513 | 1,248,641 | |
Eastman Chemical Co. | 4,265 | 417,842 | |
Ecolab, Inc. | 9,440 | 2,246,720 | |
FMC Corp. | 4,873 | 280,441 | |
International Flavors & Fragrances, Inc. | 9,498 | 904,305 | |
Linde PLC | 17,891 | 7,850,750 | |
LyondellBasell Industries NV “A” | 9,625 | 920,727 | |
PPG Industries, Inc. | 8,797 | 1,107,454 | |
Sherwin-Williams Co. | 8,660 | 2,584,404 | |
The Mosaic Co. | 12,453 | 359,892 | |
24,278,479 | |||
Construction Materials 0.1% | |||
Martin Marietta Materials, Inc. | 2,285 | 1,238,013 | |
Vulcan Materials Co. | 4,905 | 1,219,776 | |
2,457,789 | |||
Containers & Packaging 0.2% | |||
Amcor PLC | 53,702 | 525,206 | |
Avery Dennison Corp. | 3,054 | 667,757 | |
Ball Corp. | 11,689 | 701,574 | |
International Paper Co. | 12,695 | 547,789 | |
Packaging Corp. of America | 3,368 | 614,862 | |
Westrock Co. | 9,404 | 472,645 | |
3,529,833 | |||
Metals & Mining 0.4% | |||
Freeport-McMoRan, Inc. | 53,354 | 2,593,004 | |
Newmont Corp. | 42,935 | 1,797,688 | |
Nucor Corp. | 8,887 | 1,404,857 | |
Steel Dynamics, Inc. | 5,463 | 707,459 | |
6,503,008 |
28 | | | Deutsche DWS Equity 500 Index Portfolio |
Shares | Value ($) | ||
Real Estate 2.1% | |||
Health Care REITs 0.3% | |||
Alexandria Real Estate Equities, Inc. | 5,935 | 694,217 | |
Healthpeak Properties, Inc. | 25,836 | 506,385 | |
Ventas, Inc. | 15,250 | 781,715 | |
Welltower, Inc. | 22,256 | 2,320,188 | |
4,302,505 | |||
Hotel & Resort REITs 0.0% | |||
Host Hotels & Resorts, Inc. | 26,580 | 477,908 | |
Industrial REITs 0.2% | |||
Prologis, Inc. | 34,396 | 3,863,015 | |
Office REITs 0.0% | |||
Boston Properties, Inc. | 5,344 | 328,977 | |
Real Estate Management & Development 0.1% | |||
CBRE Group, Inc. “A” * | 11,293 | 1,006,319 | |
CoStar Group, Inc.* | 15,288 | 1,133,453 | |
2,139,772 | |||
Residential REITs 0.3% | |||
AvalonBay Communities, Inc. | 5,354 | 1,107,689 | |
Camden Property Trust | 3,947 | 430,657 | |
Equity Residential | 12,713 | 881,519 | |
Essex Property Trust, Inc. | 2,428 | 660,902 | |
Invitation Homes, Inc. | 21,507 | 771,886 | |
Mid-America Apartment Communities, Inc. | 4,432 | 632,047 | |
UDR, Inc. | 11,197 | 460,757 | |
4,945,457 | |||
Retail REITs 0.3% | |||
Federal Realty Investment Trust | 2,770 | 279,687 | |
Kimco Realty Corp. | 24,553 | 477,801 | |
Realty Income Corp. | 32,096 | 1,695,311 | |
Regency Centers Corp. | 6,084 | 378,425 | |
Simon Property Group, Inc. | 12,100 | 1,836,780 | |
4,668,004 | |||
Specialized REITs 0.9% | |||
American Tower Corp. | 17,373 | 3,376,964 | |
Crown Castle, Inc. | 16,121 | 1,575,022 | |
Digital Realty Trust, Inc. | 12,019 | 1,827,489 | |
Equinix, Inc. | 3,531 | 2,671,554 | |
Extra Space Storage, Inc. | 7,834 | 1,217,482 | |
Iron Mountain, Inc. | 10,935 | 979,995 |
Deutsche DWS Equity 500 Index Portfolio | | | 29 |
Shares | Value ($) | ||
Public Storage | 5,874 | 1,689,656 | |
SBA Communications Corp. | 3,962 | 777,741 | |
VICI Properties, Inc. | 39,416 | 1,128,874 | |
Weyerhaeuser Co. | 27,180 | 771,640 | |
16,016,417 | |||
Utilities 2.2% | |||
Electric Utilities 1.5% | |||
Alliant Energy Corp. | 9,741 | 495,817 | |
American Electric Power Co., Inc. | 19,695 | 1,728,039 | |
Constellation Energy Corp. | 11,751 | 2,353,373 | |
Duke Energy Corp. | 28,618 | 2,868,382 | |
Edison International | 14,393 | 1,033,561 | |
Entergy Corp. | 7,949 | 850,543 | |
Evergy, Inc. | 8,722 | 462,004 | |
Eversource Energy | 13,223 | 749,876 | |
Exelon Corp. | 37,340 | 1,292,338 | |
FirstEnergy Corp. | 19,282 | 737,922 | |
NextEra Energy, Inc. | 76,422 | 5,411,442 | |
NRG Energy, Inc. | 7,807 | 607,853 | |
PG&E Corp. | 79,995 | 1,396,713 | |
Pinnacle West Capital Corp. | 4,207 | 321,331 | |
PPL Corp. | 27,323 | 755,481 | |
Southern Co. | 40,507 | 3,142,128 | |
Xcel Energy, Inc. | 20,395 | 1,089,297 | |
25,296,100 | |||
Gas Utilities 0.0% | |||
Atmos Energy Corp. | 5,612 | 654,640 | |
Independent Power & Renewable Electricity Producers 0.1% | |||
AES Corp. | 26,336 | 462,724 | |
Vistra Corp. | 12,194 | 1,048,440 | |
1,511,164 | |||
Multi-Utilities 0.6% | |||
Ameren Corp. | 9,858 | 701,002 | |
CenterPoint Energy, Inc. | 23,514 | 728,464 | |
CMS Energy Corp. | 10,999 | 654,770 | |
Consolidated Edison, Inc. | 12,940 | 1,157,095 | |
Dominion Energy, Inc. | 31,476 | 1,542,324 | |
DTE Energy Co. | 7,759 | 861,326 | |
NiSource, Inc. | 16,522 | 475,999 | |
Public Service Enterprise Group, Inc. | 18,428 | 1,358,144 |
30 | | | Deutsche DWS Equity 500 Index Portfolio |
Shares | Value ($) | ||
Sempra | 23,566 | 1,792,430 | |
WEC Energy Group, Inc. | 11,869 | 931,242 | |
10,202,796 | |||
Water Utilities 0.0% | |||
American Water Works Co., Inc. | 7,228 | 933,568 | |
Total Common Stocks (Cost $359,426,502) | 1,706,699,789 |
Principal Amount ($) | Value ($) | ||
Government & Agency Obligations 0.0% | |||
U.S. Treasury Obligations | |||
U.S. Treasury Bills, 5.196% (a), 10/3/2024 (b) (Cost $715,164) | 725,000 | 715,203 |
Shares | Value ($) | ||
Cash Equivalents 0.9% | |||
DWS Central Cash Management Government Fund, 5.36% (c) (Cost $14,534,652) | 14,534,652 | 14,534,652 |
% of Net Assets | Value ($) | ||
Total Investment Portfolio (Cost $374,676,318) | 100.0 | 1,721,949,644 | |
Other Assets and Liabilities, Net | 0.0 | 704,585 | |
Net Assets | 100.0 | 1,722,654,229 |
Deutsche DWS Equity 500 Index Portfolio | | | 31 |
Value ($) at 12/31/2023 | Pur- chases Cost ($) | Sales Proceeds ($) | Net Real- ized Gain/ (Loss) ($) | Net Change in Unreal- ized Appreci- ation (Depreci- ation) ($) | Income ($) | Capital Gain Distri- butions ($) | Number of Shares at 6/30/2024 | Value ($) at 6/30/2024 |
Securities Lending Collateral 0.0% | ||||||||
DWS Government & Agency Securities Portfolio “DWS Government Cash Institutional Shares” , 5.24% (c) (d) | ||||||||
— | 0 (e) | — | — | — | 119 | — | — | — |
Cash Equivalents 0.9% | ||||||||
DWS Central Cash Management Government Fund, 5.36% (c) | ||||||||
3,866,583 | 95,577,839 | 84,909,770 | — | — | 296,249 | — | 14,534,652 | 14,534,652 |
3,866,583 | 95,577,839 | 84,909,770 | — | — | 296,368 | — | 14,534,652 | 14,534,652 |
* | Non-income producing security. |
(a) | Annualized yield at time of purchase; not a coupon rate. |
(b) | At June 30, 2024, this security has been pledged, in whole or in part, to cover initial margin requirements for open futures contracts. |
(c) | Affiliated fund managed by DWS Investment Management Americas, Inc. The rate shown is the annualized seven-day yield at period end. |
(d) | Represents cash collateral held in connection with securities lending. Income earned by the Fund is net of borrower rebates. |
(e) | Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount invested in cash collateral for the period ended June 30, 2024. |
REIT: Real Estate Investment Trust |
Futures | Currency | Expiration Date | Contracts | Notional Amount ($) | Notional Value ($) | Unrealized Depreciation ($) |
S&P 500 E-Mini Index | USD | 9/20/2024 | 56 | 15,466,550 | 15,460,200 | (6,350) |
USD | United States Dollar |
32 | | | Deutsche DWS Equity 500 Index Portfolio |
Assets | Level 1 | Level 2 | Level 3 | Total |
Common Stocks (a) | $1,706,699,789 | $— | $— | $1,706,699,789 |
Government & Agency Obligations | — | 715,203 | — | 715,203 |
Short-Term Investments | 14,534,652 | — | — | 14,534,652 |
Total | $1,721,234,441 | $715,203 | $— | $1,721,949,644 |
Liabilities | Level 1 | Level 2 | Level 3 | Total |
Derivatives (b) | ||||
Futures Contracts | $(6,350 ) | $— | $— | $(6,350 ) |
Total | $(6,350 ) | $— | $— | $(6,350 ) |
(a) | See Investment Portfolio for additional detailed categorizations. |
(b) | Derivatives include unrealized appreciation (depreciation) on open futures contracts. |
Deutsche DWS Equity 500 Index Portfolio | | | 33 |
Assets | |
Investments in non-affiliated securities, at value (cost $360,141,666) | $1,707,414,992 |
Investment in DWS Central Cash Management Government Fund (cost $14,534,652) | 14,534,652 |
Cash | 6,283 |
Receivable for investments sold | 70,925 |
Dividends receivable | 865,727 |
Other assets | 19,303 |
Total assets | 1,722,911,882 |
Liabilities | |
Payable for variation margin on futures contracts | 68,560 |
Accrued management fee | 70,147 |
Accrued Trustees' fees | 5,900 |
Other accrued expenses and payables | 113,046 |
Total liabilities | 257,653 |
Net assets, at value | $1,722,654,229 |
34 | | | Deutsche DWS Equity 500 Index Portfolio |
Investment Income | |
Income: | |
Dividends (net of foreign taxes withheld of $57,528) | $11,604,584 |
Interest | 17,572 |
Income distributions — DWS Central Cash Management Government Fund | 296,249 |
Affiliated securities lending income | 119 |
Total income | 11,918,524 |
Expenses: | |
Management fee | 412,029 |
Administration fee | 247,217 |
Custodian fee | 11,104 |
Professional fees | 43,190 |
Reports to shareholders | 12,194 |
Trustees' fees and expenses | 34,957 |
Other | 41,361 |
Total expenses | 802,052 |
Net investment income | 11,116,472 |
Realized and Unrealized Gain (Loss) | |
Net realized gain (loss) from: | |
Investments | 76,464,345 |
Futures | 1,790,449 |
78,254,794 | |
Change in net unrealized appreciation (depreciation) on: | |
Investments | 144,666,364 |
Futures | (36,084 ) |
144,630,280 | |
Net gain (loss) | 222,885,074 |
Net increase (decrease) in net assets resulting from operations | $234,001,546 |
Deutsche DWS Equity 500 Index Portfolio | | | 35 |
Deutsche DWS Equity 500 Index Portfolio | ||
Six Months Ended June 30, 2024 | Year Ended December 31, | |
Increase (Decrease) in Net Assets | (Unaudited) | 2023 |
Operations: | ||
Net investment income | $11,116,472 | $24,017,564 |
Net realized gain (loss) | 78,254,794 | 174,030,892 |
Change in net unrealized appreciation (depreciation) | 144,630,280 | 155,769,624 |
Net increase (decrease) in net assets resulting from operations | 234,001,546 | 353,818,080 |
Capital transactions in shares of beneficial interest: | ||
Proceeds from capital invested | 11,277,106 | 22,897,477 |
Value of capital withdrawn | (103,236,750 ) | (278,573,284 ) |
Net increase (decrease) in net assets from capital transactions in shares of beneficial interest | (91,959,644 ) | (255,675,807 ) |
Increase (decrease) in net assets | 142,041,902 | 98,142,273 |
Net assets at beginning of period | 1,580,612,327 | 1,482,470,054 |
Net assets at end of period | $1,722,654,229 | $1,580,612,327 |
36 | | | Deutsche DWS Equity 500 Index Portfolio |
Deutsche DWS Equity 500 Index Portfolio | ||||||
Six Months Ended 6/30/24 | Years Ended December 31, | |||||
(Unaudited) | 2023 | 2022 | 2021 | 2020 | 2019 | |
Ratios to Average Net Assets and Supplemental Data | ||||||
Net assets, end of period ($ millions) | 1,723 | 1,581 | 1,482 | 2,008 | 1,730 | 1,693 |
Ratio of expenses (%) | .10 * | .10 | .10 | .10 | .10 | .10 |
Ratio of net investment income (%) | 1.35 * | 1.58 | 1.53 | 1.31 | 1.76 | 1.93 |
Portfolio turnover rate (%) | 1 ** | 2 | 2 | 2 | 4 | 3 |
Total investment return (%)a | 15.23 ** | 26.15 | (18.17 ) | 28.53 | 18.15 | 31.34 |
a | Total investment return for the Portfolio was derived from the performance of the Institutional Class of DWS Equity 500 Index Fund. |
* | Annualized |
** | Not annualized |
Deutsche DWS Equity 500 Index Portfolio | | | 37 |
38 | | | Deutsche DWS Equity 500 Index Portfolio |
Deutsche DWS Equity 500 Index Portfolio | | | 39 |
40 | | | Deutsche DWS Equity 500 Index Portfolio |
Deutsche DWS Equity 500 Index Portfolio | | | 41 |
Liability Derivatives | Futures Contracts |
Equity Contracts (a) | $(6,350 ) |
The above derivative is located in the following Statement of Assets and Liabilities account: |
(a) | Futures contracts are reported in the table above using cumulative depreciation of futures contracts, as reported in the futures contracts table following the Fund’s Investment Portfolio; within the Statement of Assets and Liabilities, the variation margin at period end is reported as Receivable (Payable) for variation margin on futures contracts. |
Realized Gain (Loss) | Futures Contracts |
Equity Contracts (a) | $1,790,449 |
The above derivative is located in the following Statement of Operations account: |
(a) | Net realized gain (loss) from futures contracts |
42 | | | Deutsche DWS Equity 500 Index Portfolio |
Change in Net Unrealized Appreciation (Depreciation) | Futures Contracts |
Equity Contracts (a) | $(36,084 ) |
The above derivative is located in the following Statement of Operations account: |
(a) | Change in net unrealized appreciation (depreciation) on futures contracts |
Deutsche DWS Equity 500 Index Portfolio | | | 43 |
44 | | | Deutsche DWS Equity 500 Index Portfolio |
DWS Equity 500 Index Fund | | | 45 |
46 | | | DWS Equity 500 Index Fund |
DWS Equity 500 Index Fund | | | 47 |
48 | | | DWS Equity 500 Index Fund |
DWS Equity 500 Index Fund | | | 49 |
3 | |
4 | |
5 | |
6 | |
10 | |
18 | |
37 | |
38 | |
39 | |
40 | |
41 | |
48 |
2 | | | DWS S&P 500 Index Fund |
Assets | |
Investments in Deutsche DWS Equity 500 Index Portfolio, at value | $1,324,841,969 |
Receivable for Fund shares sold | 931,756 |
Other assets | 46,476 |
Total assets | 1,325,820,201 |
Liabilities | |
Payable for Fund shares redeemed | 743,915 |
Accrued Trustees' fees | 806 |
Other accrued expenses and payables | 513,224 |
Total liabilities | 1,257,945 |
Net assets, at value | $1,324,562,256 |
Net Assets Consist of | |
Distributable earnings (loss) | 1,090,546,258 |
Paid-in capital | 234,015,998 |
Net assets, at value | $1,324,562,256 |
Net Asset Value | |
Class A | |
Net Asset Value and redemption price per share ($241,818,512 ÷ 5,206,387 outstanding shares of beneficial interest, $.01 par value, unlimited number of shares authorized) | $46.45 |
Maximum offering price per share (100 ÷ 95.50 of $46.45) | $48.64 |
Class C | |
Net Asset Value, offering and redemption price (subject to contingent deferred sales charge) per share per share ($69,823,357 ÷ 1,507,370 outstanding shares of beneficial interest, $.01 par value, unlimited number of shares authorized) | $46.32 |
Class R6 | |
Net Asset Value, offering and redemption price per share ($4,555,593 ÷ 97,821 outstanding shares of beneficial interest, $.01 par value, unlimited number of shares authorized) | $46.57 |
Class S | |
Net Asset Value, offering and redemption price per share ($1,008,364,794 ÷ 21,652,686 outstanding shares of beneficial interest, $.01 par value, unlimited number of shares authorized) | $46.57 |
DWS S&P 500 Index Fund | | | 3 |
Investment Income | |
Income and expenses allocated from Deutsche DWS Equity 500 Index Portfolio: | |
Dividends (net of foreign taxes withheld of $43,996) | $8,879,861 |
Interest | 13,445 |
Income distributions — DWS Central Cash Management Government Fund | 226,684 |
Securities lending income, net of borrower rebates | 91 |
Expenses | (613,598 ) |
Net investment income allocated from Deutsche DWS Equity 500 Index Portfolio | 8,506,483 |
Expenses: | |
Administration fee | 611,040 |
Services to shareholders | 488,131 |
Distribution and service fees | 611,649 |
Professional fees | 28,270 |
Reports to shareholders | 31,121 |
Registration fees | 30,021 |
Trustees' fees and expenses | 2,792 |
Other | 7,771 |
Total expenses before expense reductions | 1,810,795 |
Expense reductions | (69,666 ) |
Total expenses after expense reductions | 1,741,129 |
Net investment income | 6,765,354 |
Realized and Unrealized Gain (Loss) | |
Net realized gain (loss) allocated from Deutsche DWS Equity 500 Index Portfolio: | |
Investments | 58,465,735 |
Futures | 1,372,083 |
59,837,818 | |
Change in net unrealized appreciation (depreciation) allocated from Deutsche DWS Equity 500 Index Portfolio: | |
Investments | 110,600,928 |
Futures | (31,598 ) |
110,569,330 | |
Net gain (loss) | 170,407,148 |
Net increase (decrease) in net assets resulting from operations | $177,172,502 |
4 | | | DWS S&P 500 Index Fund |
Six Months Ended June 30, 2024 | Year Ended December 31, | |
Increase (Decrease) in Net Assets | (Unaudited) | 2023 |
Operations: | ||
Net investment income | $6,765,354 | $14,542,828 |
Net realized gain (loss) | 59,837,818 | 128,750,686 |
Change in net unrealized appreciation (depreciation) | 110,569,330 | 111,734,147 |
Net increase (decrease) in net assets resulting from operations | 177,172,502 | 255,027,661 |
Distributions to shareholders: | ||
Class A | (1,298,066 ) | (14,867,169 ) |
Class C | (115,865 ) | (3,838,891 ) |
Class R6 | (29,019 ) | (285,224 ) |
Class S | (6,599,870 ) | (61,829,687 ) |
Total distributions | (8,042,820 ) | (80,820,971 ) |
Fund share transactions: | ||
Proceeds from shares sold | 41,350,669 | 55,699,795 |
Reinvestment of distributions | 7,478,095 | 76,047,334 |
Payments for shares redeemed | (96,280,450 ) | (127,574,668 ) |
Net increase (decrease) in net assets from Fund share transactions | (47,451,686 ) | 4,172,461 |
Increase (decrease) in net assets | 121,677,996 | 178,379,151 |
Net assets at beginning of period | 1,202,884,260 | 1,024,505,109 |
Net assets at end of period | $1,324,562,256 | $1,202,884,260 |
DWS S&P 500 Index Fund | | | 5 |
DWS S&P 500 Index Fund — Class A | ||||||
Six Months Ended 6/30/24 | Years Ended December 31, | |||||
(Unaudited) | 2023 | 2022 | 2021 | 2020 | 2019 | |
Selected Per Share Data | ||||||
Net asset value, beginning of period | $40.61 | $34.63 | $44.75 | $36.94 | $33.64 | $27.04 |
Income (loss) from investment operations: | ||||||
Net investment incomea | .20 | .45 | .42 | .36 | .44 | .46 |
Net realized and unrealized gain (loss) | 5.88 | 8.35 | (8.70 ) | 9.90 | 5.34 | 7.77 |
Total from investment operations | 6.08 | 8.80 | (8.28 ) | 10.26 | 5.78 | 8.23 |
Less distributions from: | ||||||
Net investment income | (.19 ) | (.40 ) | (.37 ) | (.37 ) | (.43 ) | (.42 ) |
Net realized gains | (.05 ) | (2.42 ) | (1.47 ) | (2.08 ) | (2.05 ) | (1.21 ) |
Total distributions | (.24 ) | (2.82 ) | (1.84 ) | (2.45 ) | (2.48 ) | (1.63 ) |
Net asset value, end of period | $46.45 | $40.61 | $34.63 | $44.75 | $36.94 | $33.64 |
Total Return (%)b,c | 14.99 * | 25.63 | (18.56 ) | 28.02 | 17.80 | 30.74 |
Ratios to Average Net Assets and Supplemental Data | ||||||
Net assets, end of period ($ millions) | 242 | 225 | 187 | 242 | 197 | 191 |
Ratio of expenses before expense reductions, including expenses allocated from Deutsche DWS Equity 500 Index Portfolio (%) | .54 ** | .56 | .55 | .54 | .55 | .58 |
Ratio of expenses after expense reductions, including expenses allocated from Deutsche DWS Equity 500 Index Portfolio (%) | .53 ** | .52 | .54 | .54 | .54 | .56 |
Ratio of net investment income (%) | .92 ** | 1.17 | 1.10 | .87 | 1.32 | 1.47 |
Portfolio turnover rate for Deutsche DWS Equity 500 Index Portfolio (%) | 1 * | 2 | 2 | 2 | 4 | 3 |
a | Based on average shares outstanding during the period. |
b | Total return does not reflect the effect of any sales charges. |
c | Total return would have been lower had certain expenses not been reduced. |
* | Not annualized |
** | Annualized |
6 | | | DWS S&P 500 Index Fund |
DWS S&P 500 Index Fund — Class C | ||||||
Six Months Ended 6/30/24 | Years Ended December 31, | |||||
(Unaudited) | 2023 | 2022 | 2021 | 2020 | 2019 | |
Selected Per Share Data | ||||||
Net asset value, beginning of period | $40.50 | $34.54 | $44.64 | $36.85 | $33.57 | $26.98 |
Income (loss) from investment operations: | ||||||
Net investment incomea | .04 | .16 | .14 | .06 | .19 | .23 |
Net realized and unrealized gain (loss) | 5.85 | 8.33 | (8.67 ) | 9.88 | 5.33 | 7.76 |
Total from investment operations | 5.89 | 8.49 | (8.53 ) | 9.94 | 5.52 | 7.99 |
Less distributions from: | ||||||
Net investment income | (.02 ) | (.11 ) | (.10 ) | (.07 ) | (.19 ) | (.19 ) |
Net realized gains | (.05 ) | (2.42 ) | (1.47 ) | (2.08 ) | (2.05 ) | (1.21 ) |
Total distributions | (.07 ) | (2.53 ) | (1.57 ) | (2.15 ) | (2.24 ) | (1.40 ) |
Net asset value, end of period | $46.32 | $40.50 | $34.54 | $44.64 | $36.85 | $33.57 |
Total Return (%)b | 14.56 * | 24.71 | (19.15 ) | 27.11 | 16.91 | 29.81 |
Ratios to Average Net Assets and Supplemental Data | ||||||
Net assets, end of period ($ millions) | 70 | 64 | 64 | 93 | 84 | 85 |
Ratio of expenses including expenses allocated from Deutsche DWS Equity 500 Index Portfolio (%) | 1.25 ** | 1.26 | 1.26 | 1.25 | 1.27 | 1.30 |
Ratio of net investment income (%) | .19 ** | .42 | .37 | .15 | .59 | .73 |
Portfolio turnover rate for Deutsche DWS Equity 500 Index Portfolio (%) | 1 * | 2 | 2 | 2 | 4 | 3 |
a | Based on average shares outstanding during the period. |
b | Total return does not reflect the effect of any sales charges. |
* | Not annualized |
** | Annualized |
DWS S&P 500 Index Fund | | | 7 |
DWS S&P 500 Index Fund — Class R6 | ||||||
Six Months Ended 6/30/24 | Years Ended December 31, | |||||
(Unaudited) | 2023 | 2022 | 2021 | 2020 | 2019 | |
Selected Per Share Data | ||||||
Net asset value, beginning of period | $40.71 | $34.72 | $44.86 | $37.03 | $33.72 | $27.10 |
Income (loss) from investment operations: | ||||||
Net investment incomea | .26 | .56 | .54 | .50 | .54 | .55 |
Net realized and unrealized gain (loss) | 5.90 | 8.37 | (8.72 ) | 9.92 | 5.34 | 7.81 |
Total from investment operations | 6.16 | 8.93 | (8.18 ) | 10.42 | 5.88 | 8.36 |
Less distributions from: | ||||||
Net investment income | (.25 ) | (.52 ) | (.49 ) | (.51 ) | (.52 ) | (.53 ) |
Net realized gains | (.05 ) | (2.42 ) | (1.47 ) | (2.08 ) | (2.05 ) | (1.21 ) |
Total distributions | (.30 ) | (2.94 ) | (1.96 ) | (2.59 ) | (2.57 ) | (1.74 ) |
Net asset value, end of period | $46.57 | $40.71 | $34.72 | $44.86 | $37.03 | $33.72 |
Total Return (%) | 15.17 * | 25.97 | (18.30 ) | 28.41 | 18.14 | 31.18 |
Ratios to Average Net Assets and Supplemental Data | ||||||
Net assets, end of period ($ millions) | 5 | 4 | 3 | 5 | 2 | 1 |
Ratio of expenses including expenses allocated from Deutsche DWS Equity 500 Index Portfolio (%) | .23 ** | .24 | .23 | .22 | .23 | .25 |
Ratio of net investment income (%) | 1.22 ** | 1.45 | 1.39 | 1.18 | 1.61 | 1.79 |
Portfolio turnover rate for Deutsche DWS Equity 500 Index Portfolio (%) | 1 * | 2 | 2 | 2 | 4 | 3 |
a | Based on average shares outstanding during the period. |
* | Not annualized |
** | Annualized |
8 | | | DWS S&P 500 Index Fund |
DWS S&P 500 Index Fund — Class S | ||||||
Six Months Ended 6/30/24 | Years Ended December 31, | |||||
(Unaudited) | 2023 | 2022 | 2021 | 2020 | 2019 | |
Selected Per Share Data | ||||||
Net asset value, beginning of period | $40.72 | $34.71 | $44.86 | $37.03 | $33.72 | $27.09 |
Income (loss) from investment operations: | ||||||
Net investment incomea | .25 | .55 | .52 | .47 | .52 | .54 |
Net realized and unrealized gain (loss) | 5.90 | 8.38 | (8.74 ) | 9.92 | 5.35 | 7.81 |
Total from investment operations | 6.15 | 8.93 | (8.22 ) | 10.39 | 5.87 | 8.35 |
Less distributions from: | ||||||
Net investment income | (.25 ) | (.50 ) | (.46 ) | (.48 ) | (.51 ) | (.51 ) |
Net realized gains | (.05 ) | (2.42 ) | (1.47 ) | (2.08 ) | (2.05 ) | (1.21 ) |
Total distributions | (.30 ) | (2.92 ) | (1.93 ) | (2.56 ) | (2.56 ) | (1.72 ) |
Net asset value, end of period | $46.57 | $40.72 | $34.71 | $44.86 | $37.03 | $33.72 |
Total Return (%)b | 15.12 * | 25.97 | (18.38 ) | 28.33 | 18.08 | 31.13 |
Ratios to Average Net Assets and Supplemental Data | ||||||
Net assets, end of period ($ millions) | 1,008 | 909 | 771 | 1,005 | 830 | 783 |
Ratio of expenses before expense reductions, including expenses allocated from Deutsche DWS Equity 500 Index Portfolio (%) | .29 ** | .30 | .30 | .29 | .31 | .33 |
Ratio of expenses after expense reductions, including expenses allocated from Deutsche DWS Equity 500 Index Portfolio (%) | .28 ** | .27 | .29 | .29 | .29 | .31 |
Ratio of net investment income (%) | 1.17 ** | 1.41 | 1.35 | 1.12 | 1.57 | 1.72 |
Portfolio turnover rate for Deutsche DWS Equity 500 Index Portfolio (%) | 1 * | 2 | 2 | 2 | 4 | 3 |
a | Based on average shares outstanding during the period. |
b | Total return would have been lower had certain expenses not been reduced. |
* | Not annualized |
** | Annualized |
DWS S&P 500 Index Fund | | | 9 |
10 | | | DWS S&P 500 Index Fund |
DWS S&P 500 Index Fund | | | 11 |
12 | | | DWS S&P 500 Index Fund |
Class A | .52% | |
Class C | 1.30% | |
Class R6 | .30% | |
Class S | .27% |
Class A | .55% | ||
Class S | .30% |
Class A | $13,892 |
Class S | 55,774 |
$69,666 |
DWS S&P 500 Index Fund | | | 13 |
Services to Shareholders | Total Aggregated | Unpaid at June 30, 2024 |
Class A | $14,803 | $4,920 |
Class C | 784 | 262 |
Class R6 | 231 | 84 |
Class S | 158,637 | 53,914 |
$174,455 | $59,180 |
Sub-Recordkeeping | Total Aggregated |
Class A | $78,393 |
Class C | 11,101 |
Class S | 170,433 |
$259,927 |
Distribution Fee | Total Aggregated | Unpaid at June 30, 2024 |
Class C | $247,326 | $42,512 |
14 | | | DWS S&P 500 Index Fund |
Service Fee | Total Aggregated | Unpaid at June 30, 2024 | Annualized Rate |
Class A | $281,881 | $103,821 | .24% |
Class C | 82,442 | 28,012 | .25% |
$364,323 | $131,833 |
Six Months Ended June 30, 2024 | Year Ended December 31, 2023 | |||
Shares | Dollars | Shares | Dollars | |
Shares sold | ||||
Class A | 367,271 | $15,957,546 | 670,496 | $25,817,696 |
Class C | 140,474 | 6,150,819 | 114,122 | 4,357,348 |
Class R6 | 6,812 | 305,438 | 17,958 | 700,144 |
Class S | 439,845 | 18,936,866 | 635,221 | 24,824,607 |
$41,350,669 | $55,699,795 |
DWS S&P 500 Index Fund | | | 15 |
Six Months Ended June 30, 2024 | Year Ended December 31, 2023 | |||
Shares | Dollars | Shares | Dollars | |
Shares issued to shareholders in reinvestment of distributions | ||||
Class A | 26,795 | $1,225,057 | 353,206 | $14,102,441 |
Class C | 2,518 | 115,862 | 96,031 | 3,838,403 |
Class R6 | 633 | 28,999 | 6,461 | 258,064 |
Class S | 133,200 | 6,108,177 | 1,447,249 | 57,848,426 |
$7,478,095 | $76,047,334 | |||
Shares redeemed | ||||
Class A | (736,472 ) | $(31,812,346 ) | (874,035 ) | $(33,596,769 ) |
Class C | (220,641 ) | (9,543,217 ) | (466,022 ) | (17,736,968 ) |
Class R6 | (6,137 ) | (260,723 ) | (24,701 ) | (976,692 ) |
Class S | (1,255,671 ) | (54,664,164 ) | (1,945,212 ) | (75,264,239 ) |
$(96,280,450 ) | $(127,574,668 ) | |||
Net increase (decrease) | ||||
Class A | (342,406 ) | $(14,629,743 ) | 149,667 | $6,323,368 |
Class C | (77,649 ) | (3,276,536 ) | (255,869 ) | (9,541,217 ) |
Class R6 | 1,308 | 73,714 | (282 ) | (18,484 ) |
Class S | (682,626 ) | (29,619,121 ) | 137,258 | 7,408,794 |
$(47,451,686 ) | $4,172,461 |
16 | | | DWS S&P 500 Index Fund |
Deutsche DWS Equity 500 Index Portfolio | | | 17 |
Shares | Value ($) | ||
Common Stocks 99.1% | |||
Communication Services 9.3% | |||
Diversified Telecommunication Services 0.7% | |||
AT&T, Inc. | 266,319 | 5,089,356 | |
Verizon Communications, Inc. | 156,661 | 6,460,700 | |
11,550,056 | |||
Entertainment 1.2% | |||
Electronic Arts, Inc. | 9,119 | 1,270,550 | |
Live Nation Entertainment, Inc.* | 5,319 | 498,603 | |
Netflix, Inc.* | 16,041 | 10,825,750 | |
Take-Two Interactive Software, Inc.* | 5,998 | 932,629 | |
Walt Disney Co. | 67,873 | 6,739,110 | |
Warner Bros Discovery, Inc.* | 80,923 | 602,067 | |
20,868,709 | |||
Interactive Media & Services 6.7% | |||
Alphabet, Inc. “A” | 218,681 | 39,832,744 | |
Alphabet, Inc. “C” | 181,974 | 33,377,671 | |
Match Group, Inc.* | 9,852 | 299,304 | |
Meta Platforms, Inc. “A” | 81,591 | 41,139,814 | |
114,649,533 | |||
Media 0.5% | |||
Charter Communications, Inc. “A” * | 3,650 | 1,091,204 | |
Comcast Corp. “A” | 145,636 | 5,703,106 | |
Fox Corp. “A” | 8,095 | 278,225 | |
Fox Corp. “B” | 5,421 | 173,581 | |
Interpublic Group of Companies, Inc. | 13,655 | 397,224 | |
News Corp. “A” | 14,118 | 389,233 | |
News Corp. “B” | 4,685 | 133,007 | |
Omnicom Group, Inc. | 7,242 | 649,607 | |
Paramount Global “B” | 18,236 | 189,472 | |
9,004,659 | |||
Wireless Telecommunication Services 0.2% | |||
T-Mobile U.S., Inc. | 19,243 | 3,390,232 |
18 | | | Deutsche DWS Equity 500 Index Portfolio |
Shares | Value ($) | ||
Consumer Discretionary 9.9% | |||
Automobile Components 0.1% | |||
Aptiv PLC* | 9,985 | 703,144 | |
BorgWarner, Inc. | 8,648 | 278,811 | |
981,955 | |||
Automobiles 1.4% | |||
Ford Motor Co. | 146,020 | 1,831,091 | |
General Motors Co. | 42,744 | 1,985,886 | |
Tesla, Inc.* | 103,223 | 20,425,767 | |
24,242,744 | |||
Broadline Retail 3.9% | |||
Amazon.com, Inc.* | 340,991 | 65,896,511 | |
eBay, Inc. | 18,757 | 1,007,626 | |
Etsy, Inc.* | 4,367 | 257,566 | |
67,161,703 | |||
Distributors 0.1% | |||
Genuine Parts Co. | 5,148 | 712,071 | |
LKQ Corp. | 9,792 | 407,249 | |
Pool Corp. | 1,426 | 438,253 | |
1,557,573 | |||
Hotels, Restaurants & Leisure 1.9% | |||
Airbnb, Inc. “A” * | 16,409 | 2,488,097 | |
Booking Holdings, Inc. | 1,263 | 5,003,374 | |
Caesars Entertainment, Inc.* | 8,393 | 333,538 | |
Carnival Corp.* | 37,853 | 708,608 | |
Chipotle Mexican Grill, Inc.* | 51,050 | 3,198,282 | |
Darden Restaurants, Inc. | 4,504 | 681,545 | |
Domino’s Pizza, Inc. | 1,304 | 673,294 | |
Expedia Group, Inc.* | 4,703 | 592,531 | |
Hilton Worldwide Holdings, Inc. | 9,329 | 2,035,588 | |
Las Vegas Sands Corp. | 13,433 | 594,410 | |
Marriott International, Inc. “A” | 8,901 | 2,151,995 | |
McDonald’s Corp. | 26,792 | 6,827,673 | |
MGM Resorts International* | 9,115 | 405,071 | |
Norwegian Cruise Line Holdings Ltd.* | 15,563 | 292,429 | |
Royal Caribbean Cruises Ltd.* | 8,813 | 1,405,057 | |
Starbucks Corp. | 42,192 | 3,284,647 | |
Wynn Resorts Ltd. | 3,432 | 307,164 | |
Yum! Brands, Inc. | 10,521 | 1,393,612 | |
32,376,915 |
Deutsche DWS Equity 500 Index Portfolio | | | 19 |
Shares | Value ($) | ||
Household Durables 0.3% | |||
D.R. Horton, Inc. | 10,957 | 1,544,170 | |
Garmin Ltd. | 5,674 | 924,408 | |
Lennar Corp. “A” | 9,104 | 1,364,416 | |
Mohawk Industries, Inc.* | 2,044 | 232,178 | |
NVR, Inc.* | 116 | 880,273 | |
PulteGroup, Inc. | 7,897 | 869,460 | |
5,814,905 | |||
Leisure Products 0.0% | |||
Hasbro, Inc. | 4,747 | 277,700 | |
Specialty Retail 1.8% | |||
AutoZone, Inc.* | 642 | 1,902,952 | |
Bath & Body Works, Inc. | 8,726 | 340,750 | |
Best Buy Co., Inc. | 7,309 | 616,076 | |
CarMax, Inc.* | 5,764 | 422,732 | |
Home Depot, Inc. | 36,895 | 12,700,735 | |
Lowe’s Companies, Inc. | 21,277 | 4,690,727 | |
O’Reilly Automotive, Inc.* | 2,192 | 2,314,884 | |
Ross Stores, Inc. | 12,413 | 1,803,857 | |
TJX Companies, Inc. | 42,126 | 4,638,073 | |
Tractor Supply Co. | 3,997 | 1,079,190 | |
Ulta Beauty, Inc.* | 1,783 | 688,006 | |
31,197,982 | |||
Textiles, Apparel & Luxury Goods 0.4% | |||
Deckers Outdoor Corp.* | 955 | 924,392 | |
Lululemon Athletica, Inc.* | 4,301 | 1,284,709 | |
NIKE, Inc. “B” | 45,038 | 3,394,514 | |
Ralph Lauren Corp. | 1,526 | 267,142 | |
Tapestry, Inc. | 8,926 | 381,943 | |
6,252,700 | |||
Consumer Staples 5.7% | |||
Beverages 1.3% | |||
Brown-Forman Corp. “B” | 6,618 | 285,831 | |
Coca-Cola Co. | 144,223 | 9,179,794 | |
Constellation Brands, Inc. “A” | 6,025 | 1,550,112 | |
Keurig Dr Pepper, Inc. | 38,637 | 1,290,476 | |
Molson Coors Beverage Co. “B” | 6,923 | 351,896 | |
Monster Beverage Corp.* | 27,389 | 1,368,080 | |
PepsiCo, Inc. | 51,233 | 8,449,859 | |
22,476,048 |
20 | | | Deutsche DWS Equity 500 Index Portfolio |
Shares | Value ($) | ||
Consumer Staples Distribution & Retail 1.9% | |||
Costco Wholesale Corp. | 16,506 | 14,029,935 | |
Dollar General Corp. | 8,163 | 1,079,394 | |
Dollar Tree, Inc.* | 7,644 | 816,150 | |
Kroger Co. | 24,927 | 1,244,605 | |
Sysco Corp. | 18,645 | 1,331,067 | |
Target Corp. | 17,152 | 2,539,182 | |
Walgreens Boots Alliance, Inc. | 26,981 | 326,335 | |
Walmart, Inc. | 159,040 | 10,768,598 | |
32,135,266 | |||
Food Products 0.7% | |||
Archer-Daniels-Midland Co. | 18,322 | 1,107,565 | |
Bunge Global SA | 5,407 | 577,305 | |
Campbell Soup Co. | 6,943 | 313,754 | |
Conagra Brands, Inc. | 18,307 | 520,285 | |
General Mills, Inc. | 20,761 | 1,313,341 | |
Hormel Foods Corp. | 11,296 | 344,415 | |
Kellanova | 9,916 | 571,955 | |
Kraft Heinz Co. | 29,263 | 942,854 | |
Lamb Weston Holdings, Inc. | 5,401 | 454,116 | |
McCormick & Co., Inc. | 9,496 | 673,646 | |
Mondelez International, Inc. “A” | 49,968 | 3,269,906 | |
The Hershey Co. | 5,501 | 1,011,249 | |
The J.M. Smucker Co. | 3,989 | 434,961 | |
Tyson Foods, Inc. “A” | 10,785 | 616,255 | |
12,151,607 | |||
Household Products 1.2% | |||
Church & Dwight Co., Inc. | 9,027 | 935,919 | |
Clorox Co. | 4,684 | 639,225 | |
Colgate-Palmolive Co. | 30,527 | 2,962,340 | |
Kimberly-Clark Corp. | 12,479 | 1,724,598 | |
Procter & Gamble Co. | 87,902 | 14,496,798 | |
20,758,880 | |||
Personal Care Products 0.1% | |||
Estee Lauder Companies, Inc. “A” | 8,626 | 917,806 | |
Kenvue, Inc. | 72,205 | 1,312,687 | |
2,230,493 |
Deutsche DWS Equity 500 Index Portfolio | | | 21 |
Shares | Value ($) | ||
Tobacco 0.5% | |||
Altria Group, Inc. | 63,784 | 2,905,361 | |
Philip Morris International, Inc. | 57,893 | 5,866,298 | |
8,771,659 | |||
Energy 3.6% | |||
Energy Equipment & Services 0.3% | |||
Baker Hughes Co. | 37,565 | 1,321,161 | |
Halliburton Co. | 32,676 | 1,103,795 | |
Schlumberger NV | 52,926 | 2,497,049 | |
4,922,005 | |||
Oil, Gas & Consumable Fuels 3.3% | |||
APA Corp. | 13,791 | 406,007 | |
Chevron Corp. | 63,788 | 9,977,719 | |
ConocoPhillips | 43,560 | 4,982,393 | |
Coterra Energy, Inc. | 28,349 | 756,068 | |
Devon Energy Corp. | 23,526 | 1,115,132 | |
Diamondback Energy, Inc. | 6,632 | 1,327,660 | |
EOG Resources, Inc. | 21,347 | 2,686,947 | |
EQT Corp. | 16,370 | 605,363 | |
Exxon Mobil Corp. | 167,052 | 19,231,026 | |
Hess Corp. | 10,240 | 1,510,605 | |
Kinder Morgan, Inc. | 72,166 | 1,433,938 | |
Marathon Oil Corp. | 20,822 | 596,967 | |
Marathon Petroleum Corp. | 13,104 | 2,273,282 | |
Occidental Petroleum Corp. | 24,757 | 1,560,434 | |
ONEOK, Inc. | 21,839 | 1,780,970 | |
Phillips 66 | 15,762 | 2,225,122 | |
Targa Resources Corp. | 8,207 | 1,056,897 | |
Valero Energy Corp. | 12,145 | 1,903,850 | |
Williams Companies, Inc. | 45,225 | 1,922,062 | |
57,352,442 | |||
Financials 12.3% | |||
Banks 3.2% | |||
Bank of America Corp. | 253,135 | 10,067,179 | |
Citigroup, Inc. | 70,738 | 4,489,033 | |
Citizens Financial Group, Inc. | 17,171 | 618,671 | |
Fifth Third Bancorp. | 25,429 | 927,904 | |
Huntington Bancshares, Inc. | 53,665 | 707,305 | |
JPMorgan Chase & Co. | 106,924 | 21,626,448 | |
KeyCorp. | 34,418 | 489,080 | |
M&T Bank Corp. | 6,251 | 946,151 |
22 | | | Deutsche DWS Equity 500 Index Portfolio |
Shares | Value ($) | ||
PNC Financial Services Group, Inc. | 14,725 | 2,289,443 | |
Regions Financial Corp. | 33,192 | 665,168 | |
Truist Financial Corp. | 49,990 | 1,942,112 | |
U.S. Bancorp. | 58,231 | 2,311,771 | |
Wells Fargo & Co. | 129,739 | 7,705,199 | |
54,785,464 | |||
Capital Markets 2.8% | |||
Ameriprise Financial, Inc. | 3,726 | 1,591,710 | |
Bank of New York Mellon Corp. | 27,695 | 1,658,654 | |
BlackRock, Inc. | 5,200 | 4,094,064 | |
Blackstone, Inc. | 26,550 | 3,286,890 | |
Cboe Global Markets, Inc. | 4,005 | 681,090 | |
Charles Schwab Corp. | 55,412 | 4,083,310 | |
CME Group, Inc. | 13,379 | 2,630,311 | |
FactSet Research Systems, Inc. | 1,437 | 586,684 | |
Franklin Resources, Inc. | 11,385 | 254,455 | |
Intercontinental Exchange, Inc. | 21,268 | 2,911,377 | |
Invesco Ltd. | 16,455 | 246,167 | |
KKR & Co., Inc. | 24,792 | 2,609,110 | |
MarketAxess Holdings, Inc. | 1,396 | 279,940 | |
Moody’s Corp. | 5,845 | 2,460,336 | |
Morgan Stanley | 46,629 | 4,531,872 | |
MSCI, Inc. | 2,975 | 1,433,206 | |
Nasdaq, Inc. | 13,986 | 842,796 | |
Northern Trust Corp. | 7,821 | 656,808 | |
Raymond James Financial, Inc. | 7,083 | 875,530 | |
S&P Global, Inc. | 11,952 | 5,330,592 | |
State Street Corp. | 11,028 | 816,072 | |
T. Rowe Price Group, Inc. | 8,412 | 969,988 | |
The Goldman Sachs Group, Inc. | 12,003 | 5,429,197 | |
48,260,159 | |||
Consumer Finance 0.5% | |||
American Express Co. | 21,147 | 4,896,588 | |
Capital One Financial Corp. | 14,270 | 1,975,682 | |
Discover Financial Services | 9,430 | 1,233,538 | |
Synchrony Financial | 14,765 | 696,760 | |
8,802,568 | |||
Financial Services 3.8% | |||
Berkshire Hathaway, Inc. “B” * | 67,441 | 27,434,999 | |
Corpay, Inc.* | 2,592 | 690,535 | |
Fidelity National Information Services, Inc. | 20,705 | 1,560,329 | |
Fiserv, Inc.* | 21,761 | 3,243,259 |
Deutsche DWS Equity 500 Index Portfolio | | | 23 |
Shares | Value ($) | ||
Global Payments, Inc. | 9,415 | 910,430 | |
Jack Henry & Associates, Inc. | 2,669 | 443,107 | |
Mastercard, Inc. “A” | 30,566 | 13,484,497 | |
PayPal Holdings, Inc.* | 38,851 | 2,254,524 | |
Visa, Inc. “A” | 58,635 | 15,389,928 | |
65,411,608 | |||
Insurance 2.0% | |||
Aflac, Inc. | 19,219 | 1,716,449 | |
Allstate Corp. | 9,772 | 1,560,197 | |
American International Group, Inc. | 24,665 | 1,831,130 | |
Aon PLC “A” | 8,082 | 2,372,714 | |
Arch Capital Group Ltd.* | 13,875 | 1,399,849 | |
Arthur J. Gallagher & Co. | 8,166 | 2,117,525 | |
Assurant, Inc. | 1,902 | 316,207 | |
Brown & Brown, Inc. | 8,704 | 778,225 | |
Chubb Ltd. | 15,132 | 3,859,871 | |
Cincinnati Financial Corp. | 5,939 | 701,396 | |
Everest Group Ltd. | 1,627 | 619,920 | |
Globe Life, Inc. | 3,184 | 261,979 | |
Hartford Financial Services Group, Inc. | 11,166 | 1,122,630 | |
Loews Corp. | 6,780 | 506,737 | |
Marsh & McLennan Companies, Inc. | 18,389 | 3,874,930 | |
MetLife, Inc. | 22,194 | 1,557,797 | |
Principal Financial Group, Inc. | 8,187 | 642,270 | |
Progressive Corp. | 21,831 | 4,534,517 | |
Prudential Financial, Inc. | 13,302 | 1,558,861 | |
Travelers Companies, Inc. | 8,463 | 1,720,866 | |
W.R. Berkley Corp. | 7,434 | 584,164 | |
Willis Towers Watson PLC | 3,802 | 996,656 | |
34,634,890 | |||
Health Care 11.6% | |||
Biotechnology 1.9% | |||
AbbVie, Inc. | 65,811 | 11,287,903 | |
Amgen, Inc. | 19,937 | 6,229,316 | |
Biogen, Inc.* | 5,406 | 1,253,219 | |
Gilead Sciences, Inc. | 46,342 | 3,179,524 | |
Incyte Corp.* | 5,919 | 358,810 | |
Moderna, Inc.* | 12,354 | 1,467,037 | |
Regeneron Pharmaceuticals, Inc.* | 3,956 | 4,157,875 | |
Vertex Pharmaceuticals, Inc.* | 9,608 | 4,503,462 | |
32,437,146 |
24 | | | Deutsche DWS Equity 500 Index Portfolio |
Shares | Value ($) | ||
Health Care Equipment & Supplies 2.3% | |||
Abbott Laboratories | 64,644 | 6,717,158 | |
Align Technology, Inc.* | 2,587 | 624,579 | |
Baxter International, Inc. | 19,089 | 638,527 | |
Becton Dickinson & Co. | 10,737 | 2,509,344 | |
Boston Scientific Corp.* | 54,553 | 4,201,127 | |
Cooper Companies, Inc. | 7,500 | 654,750 | |
Dexcom, Inc.* | 14,768 | 1,674,396 | |
Edwards Lifesciences Corp.* | 22,504 | 2,078,694 | |
GE HealthCare Technologies, Inc. | 15,777 | 1,229,344 | |
Hologic, Inc.* | 8,894 | 660,380 | |
IDEXX Laboratories, Inc.* | 3,078 | 1,499,602 | |
Insulet Corp.* | 2,558 | 516,204 | |
Intuitive Surgical, Inc.* | 13,187 | 5,866,237 | |
Medtronic PLC | 49,444 | 3,891,737 | |
ResMed, Inc. | 5,533 | 1,059,127 | |
Solventum Corp.* | 5,266 | 278,466 | |
STERIS PLC | 3,658 | 803,077 | |
Stryker Corp. | 12,594 | 4,285,109 | |
Teleflex, Inc. | 1,819 | 382,590 | |
Zimmer Biomet Holdings, Inc. | 7,640 | 829,169 | |
40,399,617 | |||
Health Care Providers & Services 2.4% | |||
Cardinal Health, Inc. | 9,038 | 888,616 | |
Cencora, Inc. | 6,177 | 1,391,678 | |
Centene Corp.* | 20,076 | 1,331,039 | |
Cigna Group | 10,568 | 3,493,464 | |
CVS Health Corp. | 46,876 | 2,768,497 | |
DaVita, Inc.* | 1,985 | 275,061 | |
Elevance Health, Inc. | 8,623 | 4,672,459 | |
HCA Healthcare, Inc. | 7,169 | 2,303,256 | |
Henry Schein, Inc.* | 4,782 | 306,526 | |
Humana, Inc. | 4,458 | 1,665,732 | |
Labcorp Holdings, Inc. | 3,168 | 644,720 | |
McKesson Corp. | 4,843 | 2,828,506 | |
Molina Healthcare, Inc.* | 2,214 | 658,222 | |
Quest Diagnostics, Inc. | 4,160 | 569,421 | |
UnitedHealth Group, Inc. | 34,246 | 17,440,118 | |
Universal Health Services, Inc. “B” | 2,282 | 422,010 | |
41,659,325 | |||
Life Sciences Tools & Services 1.2% | |||
Agilent Technologies, Inc. | 10,987 | 1,424,245 |
Deutsche DWS Equity 500 Index Portfolio | | | 25 |
Shares | Value ($) | ||
Bio-Rad Laboratories, Inc. “A” * | 726 | 198,278 | |
Bio-Techne Corp. | 5,782 | 414,280 | |
Charles River Laboratories International, Inc.* | 1,933 | 399,319 | |
Danaher Corp. | 24,506 | 6,122,824 | |
IQVIA Holdings, Inc.* | 6,746 | 1,426,374 | |
Mettler-Toledo International, Inc.* | 799 | 1,116,675 | |
Revvity, Inc. | 4,692 | 492,003 | |
Thermo Fisher Scientific, Inc. | 14,197 | 7,850,941 | |
Waters Corp.* | 2,243 | 650,739 | |
West Pharmaceutical Services, Inc. | 2,734 | 900,552 | |
20,996,230 | |||
Pharmaceuticals 3.8% | |||
Bristol-Myers Squibb Co. | 75,501 | 3,135,557 | |
Catalent, Inc.* | 6,613 | 371,849 | |
Eli Lilly & Co. | 29,728 | 26,915,137 | |
Johnson & Johnson | 89,482 | 13,078,689 | |
Merck & Co., Inc. | 94,294 | 11,673,597 | |
Pfizer, Inc. | 211,257 | 5,910,971 | |
Viatris, Inc. | 45,013 | 478,488 | |
Zoetis, Inc. | 17,082 | 2,961,335 | |
64,525,623 | |||
Industrials 8.1% | |||
Aerospace & Defense 1.8% | |||
Axon Enterprise, Inc.* | 2,653 | 780,619 | |
Boeing Co.* | 21,488 | 3,911,031 | |
General Dynamics Corp. | 8,429 | 2,445,590 | |
General Electric Co. | 40,757 | 6,479,140 | |
Howmet Aerospace, Inc. | 14,518 | 1,127,032 | |
Huntington Ingalls Industries, Inc. | 1,447 | 356,440 | |
L3Harris Technologies, Inc. | 7,128 | 1,600,806 | |
Lockheed Martin Corp. | 7,943 | 3,710,175 | |
Northrop Grumman Corp. | 5,168 | 2,252,990 | |
RTX Corp. | 49,420 | 4,961,274 | |
Textron, Inc. | 7,026 | 603,252 | |
TransDigm Group, Inc. | 2,080 | 2,657,429 | |
30,885,778 | |||
Air Freight & Logistics 0.4% | |||
C.H. Robinson Worldwide, Inc. | 4,314 | 380,150 | |
Expeditors International of Washington, Inc. | 5,121 | 639,050 |
26 | | | Deutsche DWS Equity 500 Index Portfolio |
Shares | Value ($) | ||
FedEx Corp. | 8,399 | 2,518,356 | |
United Parcel Service, Inc. “B” | 27,091 | 3,707,403 | |
7,244,959 | |||
Building Products 0.5% | |||
A.O. Smith Corp. | 4,293 | 351,082 | |
Allegion PLC | 3,261 | 385,287 | |
Builders FirstSource, Inc.* | 4,504 | 623,399 | |
Carrier Global Corp. | 31,362 | 1,978,315 | |
Johnson Controls International PLC | 24,981 | 1,660,487 | |
Masco Corp. | 8,409 | 560,628 | |
Trane Technologies PLC | 8,439 | 2,775,840 | |
8,335,038 | |||
Commercial Services & Supplies 0.6% | |||
Cintas Corp. | 3,227 | 2,259,739 | |
Copart, Inc.* | 32,432 | 1,756,517 | |
Republic Services, Inc. | 7,676 | 1,491,754 | |
Rollins, Inc. | 10,270 | 501,073 | |
Veralto Corp. | 8,298 | 792,210 | |
Waste Management, Inc. | 13,619 | 2,905,478 | |
9,706,771 | |||
Construction & Engineering 0.1% | |||
Quanta Services, Inc. | 5,457 | 1,386,569 | |
Electrical Equipment 0.7% | |||
AMETEK, Inc. | 8,666 | 1,444,709 | |
Eaton Corp. PLC | 14,903 | 4,672,836 | |
Emerson Electric Co. | 21,149 | 2,329,774 | |
GE Vernova, Inc.* | 10,195 | 1,748,544 | |
Generac Holdings, Inc.* | 2,280 | 301,461 | |
Hubbell, Inc. | 2,031 | 742,290 | |
Rockwell Automation, Inc. | 4,271 | 1,175,721 | |
12,415,335 | |||
Ground Transportation 1.0% | |||
CSX Corp. | 73,184 | 2,448,005 | |
J.B. Hunt Transport Services, Inc. | 3,101 | 496,160 | |
Norfolk Southern Corp. | 8,484 | 1,821,430 | |
Old Dominion Freight Line, Inc. | 6,687 | 1,180,924 | |
Uber Technologies, Inc.* | 77,769 | 5,652,251 | |
Union Pacific Corp. | 22,691 | 5,134,066 | |
16,732,836 |
Deutsche DWS Equity 500 Index Portfolio | | | 27 |
Shares | Value ($) | ||
Industrial Conglomerates 0.4% | |||
3M Co. | 20,753 | 2,120,749 | |
Honeywell International, Inc. | 24,187 | 5,164,892 | |
7,285,641 | |||
Machinery 1.6% | |||
Caterpillar, Inc. | 18,192 | 6,059,755 | |
Cummins, Inc. | 5,098 | 1,411,789 | |
Deere & Co. | 9,659 | 3,608,892 | |
Dover Corp. | 5,023 | 906,400 | |
Fortive Corp. | 13,182 | 976,786 | |
IDEX Corp. | 2,869 | 577,243 | |
Illinois Tool Works, Inc. | 10,064 | 2,384,766 | |
Ingersoll Rand, Inc. | 15,186 | 1,379,496 | |
Nordson Corp. | 2,084 | 483,363 | |
Otis Worldwide Corp. | 14,941 | 1,438,221 | |
PACCAR, Inc. | 19,403 | 1,997,345 | |
Parker-Hannifin Corp. | 4,802 | 2,428,900 | |
Pentair PLC | 6,260 | 479,954 | |
Snap-on, Inc. | 1,995 | 521,473 | |
Stanley Black & Decker, Inc. | 5,663 | 452,417 | |
Westinghouse Air Brake Technologies Corp. | 6,504 | 1,027,957 | |
Xylem, Inc. | 8,997 | 1,220,263 | |
27,355,020 | |||
Passenger Airlines 0.1% | |||
American Airlines Group, Inc.* | 24,620 | 278,945 | |
Delta Air Lines, Inc. | 23,893 | 1,133,484 | |
Southwest Airlines Co. | 22,591 | 646,328 | |
United Airlines Holdings, Inc.* | 12,327 | 599,832 | |
2,658,589 | |||
Professional Services 0.6% | |||
Automatic Data Processing, Inc. | 15,288 | 3,649,093 | |
Broadridge Financial Solutions, Inc. | 4,380 | 862,860 | |
Dayforce, Inc.* | 5,829 | 289,118 | |
Equifax, Inc. | 4,616 | 1,119,195 | |
Jacobs Solutions, Inc. | 4,613 | 644,482 | |
Leidos Holdings, Inc. | 4,980 | 726,482 | |
Paychex, Inc. | 11,826 | 1,402,091 | |
Paycom Software, Inc. | 1,811 | 259,046 | |
Verisk Analytics, Inc. | 5,284 | 1,424,302 | |
10,376,669 |
28 | | | Deutsche DWS Equity 500 Index Portfolio |
Shares | Value ($) | ||
Trading Companies & Distributors 0.3% | |||
Fastenal Co. | 21,508 | 1,351,563 | |
United Rentals, Inc. | 2,465 | 1,594,189 | |
W.W. Grainger, Inc. | 1,613 | 1,455,313 | |
4,401,065 | |||
Information Technology 32.2% | |||
Communications Equipment 0.8% | |||
Arista Networks, Inc.* | 9,454 | 3,313,438 | |
Cisco Systems, Inc. | 150,606 | 7,155,291 | |
F5, Inc.* | 2,235 | 384,934 | |
Juniper Networks, Inc. | 12,229 | 445,869 | |
Motorola Solutions, Inc. | 6,170 | 2,381,929 | |
13,681,461 | |||
Electronic Equipment, Instruments & Components 0.6% | |||
Amphenol Corp. “A” | 44,554 | 3,001,603 | |
CDW Corp. | 4,956 | 1,109,351 | |
Corning, Inc. | 28,577 | 1,110,216 | |
Jabil, Inc. | 4,465 | 485,747 | |
Keysight Technologies, Inc.* | 6,441 | 880,807 | |
TE Connectivity Ltd. | 11,406 | 1,715,805 | |
Teledyne Technologies, Inc.* | 1,795 | 696,424 | |
Trimble, Inc.* | 9,192 | 514,017 | |
Zebra Technologies Corp. “A” * | 1,927 | 595,308 | |
10,109,278 | |||
IT Services 1.1% | |||
Accenture PLC “A” | 23,432 | 7,109,503 | |
Akamai Technologies, Inc.* | 5,682 | 511,835 | |
Cognizant Technology Solutions Corp. “A” | 18,306 | 1,244,808 | |
EPAM Systems, Inc.* | 2,183 | 410,644 | |
Gartner, Inc.* | 2,917 | 1,309,908 | |
GoDaddy, Inc. “A” * | 5,233 | 731,102 | |
International Business Machines Corp. | 34,246 | 5,922,846 | |
VeriSign, Inc.* | 3,213 | 571,271 | |
17,811,917 | |||
Semiconductors & Semiconductor Equipment 11.9% | |||
Advanced Micro Devices, Inc.* | 60,200 | 9,765,042 | |
Analog Devices, Inc. | 18,479 | 4,218,016 | |
Applied Materials, Inc. | 30,902 | 7,292,563 | |
Broadcom, Inc. | 16,218 | 26,038,485 | |
Enphase Energy, Inc.* | 5,156 | 514,105 |
Deutsche DWS Equity 500 Index Portfolio | | | 29 |
Shares | Value ($) | ||
First Solar, Inc.* | 4,033 | 909,280 | |
Intel Corp. | 158,376 | 4,904,905 | |
KLA Corp. | 5,007 | 4,128,322 | |
Lam Research Corp. | 4,881 | 5,197,533 | |
Microchip Technology, Inc. | 20,026 | 1,832,379 | |
Micron Technology, Inc. | 41,136 | 5,410,618 | |
Monolithic Power Systems, Inc. | 1,807 | 1,484,776 | |
NVIDIA Corp. | 915,798 | 113,137,685 | |
NXP Semiconductors NV | 9,499 | 2,556,086 | |
ON Semiconductor Corp.* | 15,846 | 1,086,243 | |
Qorvo, Inc.* | 3,634 | 421,689 | |
QUALCOMM, Inc. | 41,606 | 8,287,083 | |
Skyworks Solutions, Inc. | 6,045 | 644,276 | |
Teradyne, Inc. | 5,840 | 866,014 | |
Texas Instruments, Inc. | 33,890 | 6,592,622 | |
205,287,722 | |||
Software 10.9% | |||
Adobe, Inc.* | 16,670 | 9,260,852 | |
ANSYS, Inc.* | 3,267 | 1,050,340 | |
Autodesk, Inc.* | 7,908 | 1,956,835 | |
Cadence Design Systems, Inc.* | 10,109 | 3,111,045 | |
Crowdstrike Holdings, Inc. “A” * | 8,585 | 3,289,686 | |
Fair Isaac Corp.* | 923 | 1,374,033 | |
Fortinet, Inc.* | 23,531 | 1,418,213 | |
Gen Digital, Inc. | 20,361 | 508,618 | |
Intuit, Inc. | 10,412 | 6,842,870 | |
Microsoft Corp. | 276,740 | 123,688,943 | |
Oracle Corp. | 59,430 | 8,391,516 | |
Palo Alto Networks, Inc.* | 12,026 | 4,076,934 | |
PTC, Inc.* | 4,468 | 811,702 | |
Roper Technologies, Inc. | 3,969 | 2,237,167 | |
Salesforce, Inc. | 36,155 | 9,295,450 | |
ServiceNow, Inc.* | 7,626 | 5,999,145 | |
Synopsys, Inc.* | 5,677 | 3,378,156 | |
Tyler Technologies, Inc.* | 1,583 | 795,901 | |
187,487,406 | |||
Technology Hardware, Storage & Peripherals 6.9% | |||
Apple, Inc. | 536,666 | 113,032,593 | |
Hewlett Packard Enterprise Co. | 48,524 | 1,027,253 | |
HP, Inc. | 32,410 | 1,134,998 | |
NetApp, Inc. | 7,642 | 984,290 | |
Seagate Technology Holdings PLC | 7,186 | 742,098 |
30 | | | Deutsche DWS Equity 500 Index Portfolio |
Shares | Value ($) | ||
Super Micro Computer, Inc.* | 1,888 | 1,546,933 | |
Western Digital Corp.* | 12,165 | 921,742 | |
119,389,907 | |||
Materials 2.1% | |||
Chemicals 1.4% | |||
Air Products & Chemicals, Inc. | 8,252 | 2,129,429 | |
Albemarle Corp. | 4,413 | 421,530 | |
Celanese Corp. | 3,681 | 496,530 | |
CF Industries Holdings, Inc. | 6,702 | 496,752 | |
Corteva, Inc. | 26,264 | 1,416,680 | |
Dow, Inc. | 26,322 | 1,396,382 | |
DuPont de Nemours, Inc. | 15,513 | 1,248,641 | |
Eastman Chemical Co. | 4,265 | 417,842 | |
Ecolab, Inc. | 9,440 | 2,246,720 | |
FMC Corp. | 4,873 | 280,441 | |
International Flavors & Fragrances, Inc. | 9,498 | 904,305 | |
Linde PLC | 17,891 | 7,850,750 | |
LyondellBasell Industries NV “A” | 9,625 | 920,727 | |
PPG Industries, Inc. | 8,797 | 1,107,454 | |
Sherwin-Williams Co. | 8,660 | 2,584,404 | |
The Mosaic Co. | 12,453 | 359,892 | |
24,278,479 | |||
Construction Materials 0.1% | |||
Martin Marietta Materials, Inc. | 2,285 | 1,238,013 | |
Vulcan Materials Co. | 4,905 | 1,219,776 | |
2,457,789 | |||
Containers & Packaging 0.2% | |||
Amcor PLC | 53,702 | 525,206 | |
Avery Dennison Corp. | 3,054 | 667,757 | |
Ball Corp. | 11,689 | 701,574 | |
International Paper Co. | 12,695 | 547,789 | |
Packaging Corp. of America | 3,368 | 614,862 | |
Westrock Co. | 9,404 | 472,645 | |
3,529,833 | |||
Metals & Mining 0.4% | |||
Freeport-McMoRan, Inc. | 53,354 | 2,593,004 | |
Newmont Corp. | 42,935 | 1,797,688 | |
Nucor Corp. | 8,887 | 1,404,857 | |
Steel Dynamics, Inc. | 5,463 | 707,459 | |
6,503,008 |
Deutsche DWS Equity 500 Index Portfolio | | | 31 |
Shares | Value ($) | ||
Real Estate 2.1% | |||
Health Care REITs 0.3% | |||
Alexandria Real Estate Equities, Inc. | 5,935 | 694,217 | |
Healthpeak Properties, Inc. | 25,836 | 506,385 | |
Ventas, Inc. | 15,250 | 781,715 | |
Welltower, Inc. | 22,256 | 2,320,188 | |
4,302,505 | |||
Hotel & Resort REITs 0.0% | |||
Host Hotels & Resorts, Inc. | 26,580 | 477,908 | |
Industrial REITs 0.2% | |||
Prologis, Inc. | 34,396 | 3,863,015 | |
Office REITs 0.0% | |||
Boston Properties, Inc. | 5,344 | 328,977 | |
Real Estate Management & Development 0.1% | |||
CBRE Group, Inc. “A” * | 11,293 | 1,006,319 | |
CoStar Group, Inc.* | 15,288 | 1,133,453 | |
2,139,772 | |||
Residential REITs 0.3% | |||
AvalonBay Communities, Inc. | 5,354 | 1,107,689 | |
Camden Property Trust | 3,947 | 430,657 | |
Equity Residential | 12,713 | 881,519 | |
Essex Property Trust, Inc. | 2,428 | 660,902 | |
Invitation Homes, Inc. | 21,507 | 771,886 | |
Mid-America Apartment Communities, Inc. | 4,432 | 632,047 | |
UDR, Inc. | 11,197 | 460,757 | |
4,945,457 | |||
Retail REITs 0.3% | |||
Federal Realty Investment Trust | 2,770 | 279,687 | |
Kimco Realty Corp. | 24,553 | 477,801 | |
Realty Income Corp. | 32,096 | 1,695,311 | |
Regency Centers Corp. | 6,084 | 378,425 | |
Simon Property Group, Inc. | 12,100 | 1,836,780 | |
4,668,004 | |||
Specialized REITs 0.9% | |||
American Tower Corp. | 17,373 | 3,376,964 | |
Crown Castle, Inc. | 16,121 | 1,575,022 | |
Digital Realty Trust, Inc. | 12,019 | 1,827,489 | |
Equinix, Inc. | 3,531 | 2,671,554 | |
Extra Space Storage, Inc. | 7,834 | 1,217,482 | |
Iron Mountain, Inc. | 10,935 | 979,995 |
32 | | | Deutsche DWS Equity 500 Index Portfolio |
Shares | Value ($) | ||
Public Storage | 5,874 | 1,689,656 | |
SBA Communications Corp. | 3,962 | 777,741 | |
VICI Properties, Inc. | 39,416 | 1,128,874 | |
Weyerhaeuser Co. | 27,180 | 771,640 | |
16,016,417 | |||
Utilities 2.2% | |||
Electric Utilities 1.5% | |||
Alliant Energy Corp. | 9,741 | 495,817 | |
American Electric Power Co., Inc. | 19,695 | 1,728,039 | |
Constellation Energy Corp. | 11,751 | 2,353,373 | |
Duke Energy Corp. | 28,618 | 2,868,382 | |
Edison International | 14,393 | 1,033,561 | |
Entergy Corp. | 7,949 | 850,543 | |
Evergy, Inc. | 8,722 | 462,004 | |
Eversource Energy | 13,223 | 749,876 | |
Exelon Corp. | 37,340 | 1,292,338 | |
FirstEnergy Corp. | 19,282 | 737,922 | |
NextEra Energy, Inc. | 76,422 | 5,411,442 | |
NRG Energy, Inc. | 7,807 | 607,853 | |
PG&E Corp. | 79,995 | 1,396,713 | |
Pinnacle West Capital Corp. | 4,207 | 321,331 | |
PPL Corp. | 27,323 | 755,481 | |
Southern Co. | 40,507 | 3,142,128 | |
Xcel Energy, Inc. | 20,395 | 1,089,297 | |
25,296,100 | |||
Gas Utilities 0.0% | |||
Atmos Energy Corp. | 5,612 | 654,640 | |
Independent Power & Renewable Electricity Producers 0.1% | |||
AES Corp. | 26,336 | 462,724 | |
Vistra Corp. | 12,194 | 1,048,440 | |
1,511,164 | |||
Multi-Utilities 0.6% | |||
Ameren Corp. | 9,858 | 701,002 | |
CenterPoint Energy, Inc. | 23,514 | 728,464 | |
CMS Energy Corp. | 10,999 | 654,770 | |
Consolidated Edison, Inc. | 12,940 | 1,157,095 | |
Dominion Energy, Inc. | 31,476 | 1,542,324 | |
DTE Energy Co. | 7,759 | 861,326 | |
NiSource, Inc. | 16,522 | 475,999 | |
Public Service Enterprise Group, Inc. | 18,428 | 1,358,144 |
Deutsche DWS Equity 500 Index Portfolio | | | 33 |
Shares | Value ($) | ||
Sempra | 23,566 | 1,792,430 | |
WEC Energy Group, Inc. | 11,869 | 931,242 | |
10,202,796 | |||
Water Utilities 0.0% | |||
American Water Works Co., Inc. | 7,228 | 933,568 | |
Total Common Stocks (Cost $359,426,502) | 1,706,699,789 |
Principal Amount ($) | Value ($) | ||
Government & Agency Obligations 0.0% | |||
U.S. Treasury Obligations | |||
U.S. Treasury Bills, 5.196% (a), 10/3/2024 (b) (Cost $715,164) | 725,000 | 715,203 |
Shares | Value ($) | ||
Cash Equivalents 0.9% | |||
DWS Central Cash Management Government Fund, 5.36% (c) (Cost $14,534,652) | 14,534,652 | 14,534,652 |
% of Net Assets | Value ($) | ||
Total Investment Portfolio (Cost $374,676,318) | 100.0 | 1,721,949,644 | |
Other Assets and Liabilities, Net | 0.0 | 704,585 | |
Net Assets | 100.0 | 1,722,654,229 |
34 | | | Deutsche DWS Equity 500 Index Portfolio |
Value ($) at 12/31/2023 | Pur- chases Cost ($) | Sales Proceeds ($) | Net Real- ized Gain/ (Loss) ($) | Net Change in Unreal- ized Appreci- ation (Depreci- ation) ($) | Income ($) | Capital Gain Distri- butions ($) | Number of Shares at 6/30/2024 | Value ($) at 6/30/2024 |
Securities Lending Collateral 0.0% | ||||||||
DWS Government & Agency Securities Portfolio “DWS Government Cash Institutional Shares” , 5.24% (c) (d) | ||||||||
— | 0 (e) | — | — | — | 119 | — | — | — |
Cash Equivalents 0.9% | ||||||||
DWS Central Cash Management Government Fund, 5.36% (c) | ||||||||
3,866,583 | 95,577,839 | 84,909,770 | — | — | 296,249 | — | 14,534,652 | 14,534,652 |
3,866,583 | 95,577,839 | 84,909,770 | — | — | 296,368 | — | 14,534,652 | 14,534,652 |
* | Non-income producing security. |
(a) | Annualized yield at time of purchase; not a coupon rate. |
(b) | At June 30, 2024, this security has been pledged, in whole or in part, to cover initial margin requirements for open futures contracts. |
(c) | Affiliated fund managed by DWS Investment Management Americas, Inc. The rate shown is the annualized seven-day yield at period end. |
(d) | Represents cash collateral held in connection with securities lending. Income earned by the Fund is net of borrower rebates. |
(e) | Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount invested in cash collateral for the period ended June 30, 2024. |
REIT: Real Estate Investment Trust |
Futures | Currency | Expiration Date | Contracts | Notional Amount ($) | Notional Value ($) | Unrealized Depreciation ($) |
S&P 500 E-Mini Index | USD | 9/20/2024 | 56 | 15,466,550 | 15,460,200 | (6,350) |
USD | United States Dollar |
Deutsche DWS Equity 500 Index Portfolio | | | 35 |
Assets | Level 1 | Level 2 | Level 3 | Total |
Common Stocks (a) | $1,706,699,789 | $— | $— | $1,706,699,789 |
Government & Agency Obligations | — | 715,203 | — | 715,203 |
Short-Term Investments | 14,534,652 | — | — | 14,534,652 |
Total | $1,721,234,441 | $715,203 | $— | $1,721,949,644 |
Liabilities | Level 1 | Level 2 | Level 3 | Total |
Derivatives (b) | ||||
Futures Contracts | $(6,350 ) | $— | $— | $(6,350 ) |
Total | $(6,350 ) | $— | $— | $(6,350 ) |
(a) | See Investment Portfolio for additional detailed categorizations. |
(b) | Derivatives include unrealized appreciation (depreciation) on open futures contracts. |
36 | | | Deutsche DWS Equity 500 Index Portfolio |
Assets | |
Investments in non-affiliated securities, at value (cost $360,141,666) | $1,707,414,992 |
Investment in DWS Central Cash Management Government Fund (cost $14,534,652) | 14,534,652 |
Cash | 6,283 |
Receivable for investments sold | 70,925 |
Dividends receivable | 865,727 |
Other assets | 19,303 |
Total assets | 1,722,911,882 |
Liabilities | |
Payable for variation margin on futures contracts | 68,560 |
Accrued management fee | 70,147 |
Accrued Trustees' fees | 5,900 |
Other accrued expenses and payables | 113,046 |
Total liabilities | 257,653 |
Net assets, at value | $1,722,654,229 |
Deutsche DWS Equity 500 Index Portfolio | | | 37 |
Investment Income | |
Income: | |
Dividends (net of foreign taxes withheld of $57,528) | $11,604,584 |
Interest | 17,572 |
Income distributions — DWS Central Cash Management Government Fund | 296,249 |
Affiliated securities lending income | 119 |
Total income | 11,918,524 |
Expenses: | |
Management fee | 412,029 |
Administration fee | 247,217 |
Custodian fee | 11,104 |
Professional fees | 43,190 |
Reports to shareholders | 12,194 |
Trustees' fees and expenses | 34,957 |
Other | 41,361 |
Total expenses | 802,052 |
Net investment income | 11,116,472 |
Realized and Unrealized Gain (Loss) | |
Net realized gain (loss) from: | |
Investments | 76,464,345 |
Futures | 1,790,449 |
78,254,794 | |
Change in net unrealized appreciation (depreciation) on: | |
Investments | 144,666,364 |
Futures | (36,084 ) |
144,630,280 | |
Net gain (loss) | 222,885,074 |
Net increase (decrease) in net assets resulting from operations | $234,001,546 |
38 | | | Deutsche DWS Equity 500 Index Portfolio |
Deutsche DWS Equity 500 Index Portfolio | ||
Six Months Ended June 30, 2024 | Year Ended December 31, | |
Increase (Decrease) in Net Assets | (Unaudited) | 2023 |
Operations: | ||
Net investment income | $11,116,472 | $24,017,564 |
Net realized gain (loss) | 78,254,794 | 174,030,892 |
Change in net unrealized appreciation (depreciation) | 144,630,280 | 155,769,624 |
Net increase (decrease) in net assets resulting from operations | 234,001,546 | 353,818,080 |
Capital transactions in shares of beneficial interest: | ||
Proceeds from capital invested | 11,277,106 | 22,897,477 |
Value of capital withdrawn | (103,236,750 ) | (278,573,284 ) |
Net increase (decrease) in net assets from capital transactions in shares of beneficial interest | (91,959,644 ) | (255,675,807 ) |
Increase (decrease) in net assets | 142,041,902 | 98,142,273 |
Net assets at beginning of period | 1,580,612,327 | 1,482,470,054 |
Net assets at end of period | $1,722,654,229 | $1,580,612,327 |
Deutsche DWS Equity 500 Index Portfolio | | | 39 |
Deutsche DWS Equity 500 Index Portfolio | ||||||
Six Months Ended 6/30/24 | Years Ended December 31, | |||||
(Unaudited) | 2023 | 2022 | 2021 | 2020 | 2019 | |
Ratios to Average Net Assets and Supplemental Data | ||||||
Net assets, end of period ($ millions) | 1,723 | 1,581 | 1,482 | 2,008 | 1,730 | 1,693 |
Ratio of expenses (%) | .10 * | .10 | .10 | .10 | .10 | .10 |
Ratio of net investment income (%) | 1.35 * | 1.58 | 1.53 | 1.31 | 1.76 | 1.93 |
Portfolio turnover rate (%) | 1 ** | 2 | 2 | 2 | 4 | 3 |
Total investment return (%)a | 15.23 ** | 26.15 | (18.17 ) | 28.53 | 18.15 | 31.34 |
a | Total investment return for the Portfolio was derived from the performance of the Institutional Class of DWS Equity 500 Index Fund. |
* | Annualized |
** | Not annualized |
40 | | | Deutsche DWS Equity 500 Index Portfolio |
Deutsche DWS Equity 500 Index Portfolio | | | 41 |
42 | | | Deutsche DWS Equity 500 Index Portfolio |
Deutsche DWS Equity 500 Index Portfolio | | | 43 |
44 | | | Deutsche DWS Equity 500 Index Portfolio |
Liability Derivatives | Futures Contracts |
Equity Contracts (a) | $(6,350 ) |
The above derivative is located in the following Statement of Assets and Liabilities account: |
(a) | Futures contracts are reported in the table above using cumulative depreciation of futures contracts, as reported in the futures contracts table following the Fund’s Investment Portfolio; within the Statement of Assets and Liabilities, the variation margin at period end is reported as Receivable (Payable) for variation margin on futures contracts. |
Realized Gain (Loss) | Futures Contracts |
Equity Contracts (a) | $1,790,449 |
The above derivative is located in the following Statement of Operations account: |
(a) | Net realized gain (loss) from futures contracts |
Deutsche DWS Equity 500 Index Portfolio | | | 45 |
Change in Net Unrealized Appreciation (Depreciation) | Futures Contracts |
Equity Contracts (a) | $(36,084 ) |
The above derivative is located in the following Statement of Operations account: |
(a) | Change in net unrealized appreciation (depreciation) on futures contracts |
46 | | | Deutsche DWS Equity 500 Index Portfolio |
Deutsche DWS Equity 500 Index Portfolio | | | 47 |
48 | | | DWS S&P 500 Index Fund |
DWS S&P 500 Index Fund | | | 49 |
50 | | | DWS S&P 500 Index Fund |
DWS S&P 500 Index Fund | | | 51 |
52 | | | DWS S&P 500 Index Fund |
(b) The Financial Highlights are included with the Financial Statements under Item 7(a). | ||
Item 8. | Changes in and Disagreements with Accountants for Open-End Management Investment Companies. | |
Not applicable | ||
Item 9. | Proxy Disclosures for Open-End Management Investment Companies. | |
Not applicable | ||
Item 10. | Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies. | |
Not applicable | ||
Item 11. | Statement Regarding Basis for Approval of Investment Advisory Contract. | |
See Item 7(a) | ||
Item 12. | Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies. | |
Not applicable | ||
Item 13. | Portfolio Managers of Closed-End Management Investment Companies. | |
Not applicable | ||
Item 14. | Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers. | |
Not applicable | ||
Item 15. | Submission of Matters to a Vote of Security Holders. | |
There were no material changes to the procedures by which shareholders may recommend nominees to the Fund’s Board. The primary function of the Nominating and Governance Committee is to identify and recommend individuals for membership on the Board and oversee the administration of the Board Governance Guidelines. Shareholders may recommend candidates for Board positions by forwarding their correspondence by U.S. mail or courier service to Keith R. Fox, DWS Funds Board Chair, c/o Thomas R. Hiller, Ropes & Gray LLP, Prudential Tower, 800 Boylston Street, Boston, MA 02199-3600. | ||
Item 16. | Controls and Procedures. | |
(a) | The Chief Executive and Financial Officers concluded that the Registrant’s Disclosure Controls and Procedures are effective based on the evaluation of the Disclosure Controls and Procedures as of a date within 90 days of the filing date of this report. | |
(b) | There have been no changes in the registrant’s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal controls over financial reporting. | |
Item 17. | Disclosure of Securities Lending Activities for Closed-End Management Investment Companies. | |
Not applicable | ||
Item 18. | Recovery of Erroneously Awarded Compensation. | |
Not applicable | ||
Item 19. | Exhibits | |
(a)(1) | Not applicable | |
(a)(2) | Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT. | |
(b) | Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 (17 CFR 270.30a-2(b)) is furnished and attached hereto as Exhibit 99.906CERT. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Registrant: | Deutsche DWS Equity 500 Index Portfolio |
By: | /s/Hepsen Uzcan Hepsen Uzcan Principal Executive Officer |
Date: | 8/29/2024 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/Hepsen Uzcan Hepsen Uzcan Principal Executive Officer |
Date: | 8/29/2024 |
By: | /s/Diane Kenneally Diane Kenneally Principal Financial Officer |
Date: | 8/29/2024 |