Investment Portfolio as of September 30, 2019 (Unaudited)

DWS Equity 500 Index VIP

		Shares				Value ($)
Common Stocks 99.2%
Communication Services 10.3%
Diversified Telecommunication Services 2.2%
AT&T, Inc.	167,199					6,326,810
CenturyLink, Inc.	22,395					279,490
Verizon Communications, Inc.	94,639					5,712,410
						12,318,710
Entertainment 1.8%
Activision Blizzard, Inc.	17,479					924,989
Electronic Arts, Inc.*	6,771					662,339
Netflix, Inc.*	10,017					2,680,750
Take-Two Interactive Software, Inc.*	2,624					328,892
Viacom, Inc. "B"	7,959					191,255
Walt Disney Co.	41,204					5,369,705
						10,157,930
Interactive Media & Services 4.8%
Alphabet, Inc. "A"*	6,854					8,369,693
Alphabet, Inc. "C"*	6,914					8,428,166
Facebook, Inc. "A"*	55,047					9,802,770
TripAdvisor, Inc.*	2,420					93,606
Twitter, Inc.*	17,690					728,828
						27,423,063
Media 1.4%
CBS Corp. "B"	7,469					301,523
Charter Communications, Inc. "A"*	3,697					1,523,608
Comcast Corp. "A"	103,736					4,676,419
Discovery, Inc. "C"*	8,128					200,111
Discovery, Inc. "A"* (a)	3,732					99,383
DISH Network Corp. "A"*	5,496					187,249
Fox Corp. "A"	8,025					253,068
Fox Corp. "B"	3,848					121,366
Interpublic Group of Companies, Inc.	9,095					196,088
News Corp. "A"	8,780					122,218
News Corp. "B"	3,121					44,615
Omnicom Group, Inc.	5,017					392,831
						8,118,479
Wireless Telecommunication Services 0.1%
T-Mobile U.S., Inc.*	7,225					569,113
Consumer Discretionary 10.0%
Auto Components 0.1%
Aptiv PLC	5,872					513,331
BorgWarner, Inc.	4,743					173,973
						687,304
Automobiles 0.3%
Ford Motor Co.	89,329					818,253
General Motors Co.	28,712					1,076,126
Harley-Davidson, Inc.	3,699					133,053
						2,027,432
Distributors 0.1%
Genuine Parts Co.	3,295					328,149
LKQ Corp.*	7,004					220,276
						548,425
Diversified Consumer Services 0.0%
H&R Block, Inc.	4,591					108,439
Hotels, Restaurants & Leisure 1.9%
Carnival Corp.	9,054					395,750
Chipotle Mexican Grill, Inc.*	585					491,675
Darden Restaurants, Inc.	2,766					326,997
Hilton Worldwide Holdings, Inc.	6,527					607,729
Marriott International, Inc. "A"	6,222					773,830
McDonald's Corp.	17,361					3,727,580
MGM Resorts International	11,762					326,043
Norwegian Cruise Line Holdings Ltd.*	4,838					250,463
Royal Caribbean Cruises Ltd.	3,886					420,970
Starbucks Corp.	27,428					2,425,184
Wynn Resorts Ltd.	2,252					244,838
Yum! Brands, Inc.	6,986					792,422
						10,783,481
Household Durables 0.4%
D.R. Horton, Inc.	7,711					406,447
Garmin Ltd.	3,322					281,340
Leggett & Platt, Inc.	3,043					124,580
Lennar Corp. "A"	6,461					360,847
Mohawk Industries, Inc.*	1,404					174,194
Newell Brands, Inc.	8,544					159,944
NVR, Inc.*	78					289,953
PulteGroup, Inc.	5,899					215,608
Whirlpool Corp.	1,418					224,555
						2,237,468
Internet & Direct Marketing Retail 3.4%
Amazon.com, Inc.*	9,507					16,503,296
Booking Holdings, Inc.*	973					1,909,620
eBay, Inc.	18,029					702,770
Expedia Group, Inc.	3,227					433,741
						19,549,427
Leisure Products 0.1%
Hasbro, Inc.	2,687					318,920
Multiline Retail 0.6%
Dollar General Corp.	5,890					936,157
Dollar Tree, Inc.*	5,405					617,035
Kohl's Corp.	3,740					185,728
Macy's, Inc.	6,782					105,392
Nordstrom, Inc.	2,533					85,286
Target Corp.	11,686					1,249,350
						3,178,948
Specialty Retail 2.4%
Advance Auto Parts, Inc.	1,671					276,383
AutoZone, Inc.*	559					606,303
Best Buy Co., Inc.	5,372					370,614
CarMax, Inc.*	3,757					330,616
Home Depot, Inc.	25,082					5,819,526
L Brands, Inc.	5,340					104,611
Lowe's Companies, Inc.	17,644					1,940,134
O'Reilly Automotive, Inc.*	1,746					695,798
Ross Stores, Inc.	8,371					919,554
The Gap, Inc.	5,113					88,762
Tiffany & Co.	2,468					228,611
TJX Companies, Inc.	27,624					1,539,762
Tractor Supply Co.	2,792					252,509
Ulta Salon, Cosmetics & Fragrance, Inc.*	1,342					336,372
						13,509,555
Textiles, Apparel & Luxury Goods 0.7%
Capri Holdings Ltd.*	3,303					109,527
Hanesbrands, Inc.	7,905					121,105
NIKE, Inc. "B"	28,680					2,693,626
PVH Corp.	1,661					146,550
Ralph Lauren Corp.	1,225					116,951
Tapestry, Inc.	6,478					168,752
Under Armour, Inc. "A"*	4,226					84,266
Under Armour, Inc. "C"*	4,609					83,561
VF Corp.	7,450					662,976
						4,187,314
Consumer Staples 7.5%
Beverages 1.9%
Brown-Forman Corp. "B"	4,172					261,918
Coca-Cola Co.	88,073					4,794,694
Constellation Brands, Inc. "A"	3,819					791,602
Molson Coors Brewing Co. "B"	4,206					241,845
Monster Beverage Corp.*	8,940					519,056
PepsiCo, Inc.	31,985					4,385,144
						10,994,259
Food & Staples Retailing 1.6%
Costco Wholesale Corp.	10,071					2,901,556
Kroger Co.	18,196					469,093
Sysco Corp.	11,735					931,759
Walgreens Boots Alliance, Inc.	17,347					959,463
Walmart, Inc.	32,530					3,860,660
						9,122,531
Food Products 1.2%
Archer-Daniels-Midland Co.	12,822					526,600
Campbell Soup Co. (a)	3,858					181,017
Conagra Brands, Inc.	11,055					339,167
General Mills, Inc.	13,894					765,837
Hormel Foods Corp.	6,402					279,960
Kellogg Co.	5,709					367,374
Kraft Heinz Co.	14,198					396,621
Lamb Weston Holdings, Inc.	3,338					242,739
McCormick & Co., Inc.	2,846					444,830
Mondelez International, Inc. "A"	32,893					1,819,641
The Hershey Co.	3,413					528,981
The JM Smucker Co.	2,579					283,742
Tyson Foods, Inc. "A"	6,710					577,999
						6,754,508
Household Products 1.8%
Church & Dwight Co., Inc.	5,686					427,814
Clorox Co.	2,904					441,030
Colgate-Palmolive Co.	19,568					1,438,444
Kimberly-Clark Corp.	7,837					1,113,246
Procter & Gamble Co.	57,281					7,124,611
						10,545,145
Personal Products 0.2%
Coty, Inc. "A"	7,099					74,611
Estee Lauder Companies, Inc. "A"	5,059					1,006,488
						1,081,099
Tobacco 0.8%
Altria Group, Inc.	42,682					1,745,694
Philip Morris International, Inc.	35,643					2,706,373
						4,452,067
Energy 4.5%
Energy Equipment & Services 0.4%
Baker Hughes a GE Co.	14,853					344,590
Halliburton Co.	19,888					374,889
Helmerich & Payne, Inc.	2,545					101,978
National Oilwell Varco, Inc.	9,031					191,457
Schlumberger Ltd.	31,535					1,077,551
TechnipFMC PLC	9,710					234,399
						2,324,864
Oil, Gas & Consumable Fuels 4.1%
Apache Corp.	8,736					223,642
Cabot Oil & Gas Corp.	9,388					164,947
Chevron Corp.	43,442					5,152,221
Cimarex Energy Co.	2,387					114,433
Concho Resources, Inc.	4,524					307,180
ConocoPhillips	25,411					1,447,919
Devon Energy Corp.	9,383					225,755
Diamondback Energy, Inc.	3,736					335,904
EOG Resources., Inc.	13,245					983,044
Exxon Mobil Corp.	96,819					6,836,390
Hess Corp.	5,984					361,912
HollyFrontier Corp.	3,443					184,682
Kinder Morgan, Inc.	44,421					915,517
Marathon Oil Corp.	18,464					226,553
Marathon Petroleum Corp.	15,124					918,783
Noble Energy, Inc.	10,955					246,049
Occidental Petroleum Corp.	20,436					908,789
ONEOK, Inc.	9,390					691,949
Phillips 66	10,268					1,051,443
Pioneer Natural Resources Co.	3,818					480,190
Valero Energy Corp.	9,522					811,655
Williams Companies, Inc.	27,647					665,187
						23,254,144
Financials 12.8%
Banks 5.4%
Bank of America Corp.	191,685					5,591,452
BB&T Corp.	17,507					934,349
Citigroup, Inc.	51,680					3,570,054
Citizens Financial Group, Inc.	10,134					358,440
Comerica, Inc.	3,368					222,254
Fifth Third Bancorp.	16,859					461,600
First Republic Bank	3,869					374,132
Huntington Bancshares, Inc.	23,785					339,412
JPMorgan Chase & Co.	73,165					8,610,789
KeyCorp	23,008					410,463
M&T Bank Corp.	3,027					478,175
People's United Financial, Inc.	9,287					145,202
PNC Financial Services Group, Inc.	10,192					1,428,511
Regions Financial Corp.	23,026					364,271
SunTrust Banks, Inc.	10,143					697,838
SVB Financial Group*	1,179					246,352
U.S. Bancorp.	32,835					1,817,089
Wells Fargo & Co.	91,735					4,627,113
Zions Bancorp. NA	4,165					185,426
						30,862,922
Capital Markets 2.7%
Affiliated Managers Group, Inc.	1,150					95,853
Ameriprise Financial, Inc.	3,025					444,977
Bank of New York Mellon Corp.	19,621					887,065
BlackRock, Inc.	2,687					1,197,435
Cboe Global Markets, Inc.	2,572					295,549
Charles Schwab Corp.	26,616					1,113,347
CME Group, Inc.	8,220					1,737,215
E*TRADE Financial Corp.	5,362					234,266
Franklin Resources., Inc.	6,369					183,809
Intercontinental Exchange, Inc.	12,869					1,187,423
Invesco Ltd.	8,628					146,158
MarketAxess Holdings, Inc.	877					287,217
Moody's Corp.	3,714					760,739
Morgan Stanley	28,724					1,225,653
MSCI, Inc.	1,931					420,475
Nasdaq, Inc.	2,589					257,217
Northern Trust Corp.	4,931					460,161
Raymond James Financial, Inc.	2,825					232,950
S&P Global, Inc.	5,615					1,375,563
State Street Corp.	8,621					510,277
T. Rowe Price Group, Inc.	5,404					617,407
The Goldman Sachs Group., Inc.	7,402					1,533,916
						15,204,672
Consumer Finance 0.7%
American Express Co.	15,526					1,836,415
Capital One Financial Corp.	10,732					976,397
Discover Financial Services	7,266					589,200
Synchrony Financial	13,993					477,022
						3,879,034
Diversified Financial Services 1.6%
Berkshire Hathaway, Inc. "B"*	44,872					9,334,273
Insurance 2.4%
Aflac, Inc.	17,000					889,440
Allstate Corp.	7,497					814,774
American International Group, Inc.	19,835					1,104,810
Aon PLC	5,420					1,049,149
Arthur J. Gallagher & Co.	4,196					375,836
Assurant, Inc.	1,360					171,115
Chubb Ltd.	10,441					1,685,595
Cincinnati Financial Corp.	3,458					403,445
Everest Re Group Ltd.	917					244,005
Globe Life, Inc.*	2,350					225,036
Hartford Financial Services Group, Inc.	8,266					501,002
Lincoln National Corp.	4,500					271,440
Loews Corp.	5,959					306,769
Marsh & McLennan Companies, Inc.	11,543					1,154,877
MetLife, Inc.	18,277					861,943
Principal Financial Group, Inc.	5,909					337,640
Progressive Corp.	13,317					1,028,738
Prudential Financial, Inc.	9,267					833,567
The Travelers Companies, Inc.	5,974					888,274
Unum Group	4,820					143,250
Willis Towers Watson PLC	2,947					568,683
						13,859,388
Health Care 13.5%
Biotechnology 2.1%
AbbVie, Inc.	33,875					2,565,015
Alexion Pharmaceuticals, Inc.*	5,116					501,061
Amgen, Inc.	13,717					2,654,377
Biogen., Inc.*	4,217					981,802
Celgene Corp.*	16,214					1,610,050
Gilead Sciences, Inc.	29,000					1,838,020
Incyte Corp.*	4,056					301,077
Regeneron Pharmaceuticals, Inc.*	1,835					509,029
Vertex Pharmaceuticals, Inc.*	5,908					1,000,933
						11,961,364
Health Care Equipment & Supplies 3.6%
Abbott Laboratories	40,436					3,383,280
ABIOMED, Inc.*	1,018					181,092
Align Technology, Inc.*	1,646					297,794
Baxter International, Inc.	11,677					1,021,387
Becton, Dickinson & Co.	6,201					1,568,605
Boston Scientific Corp.*	32,017					1,302,772
Danaher Corp.	14,607					2,109,689
DENTSPLY SIRONA, Inc.	5,127					273,320
Edwards Lifesciences Corp.*	4,758					1,046,332
Hologic, Inc.*	6,049					305,414
IDEXX Laboratories, Inc.*	1,966					534,614
Intuitive Surgical, Inc.*	2,635					1,422,716
Medtronic PLC	30,699					3,334,525
ResMed, Inc.	3,279					443,026
Stryker Corp.	7,343					1,588,291
Teleflex, Inc.	1,045					355,039
The Cooper Companies, Inc.	1,128					335,016
Varian Medical Systems, Inc.*	2,132					253,900
Zimmer Biomet Holdings, Inc.	4,732					649,562
						20,406,374
Health Care Providers & Services 2.4%
AmerisourceBergen Corp.	3,438					283,050
Anthem, Inc.	5,867					1,408,667
Cardinal Health, Inc.	6,778					319,854
Centene Corp.*	9,370					405,346
Cigna Corp.	8,658					1,314,198
CVS Health Corp.	29,816					1,880,495
DaVita, Inc.*	2,202					125,668
HCA Healthcare, Inc.	6,093					733,719
Henry Schein, Inc.*	3,480					220,980
Humana, Inc.	3,082					787,975
Laboratory Corp. of America Holdings*	2,217					372,456
McKesson Corp.	4,223					577,115
Quest Diagnostics, Inc.	3,135					335,539
UnitedHealth Group, Inc.	21,675					4,710,411
Universal Health Services, Inc. "B"	1,885					280,394
WellCare Health Plans, Inc.*	1,141					295,713
						14,051,580
Health Care Technology 0.1%
Cerner Corp.	7,220					492,187
Life Sciences Tools & Services 1.0%
Agilent Technologies, Inc.	7,008					537,023
Illumina, Inc.*	3,354					1,020,354
IQVIA Holdings, Inc.*	4,170					622,915
Mettler-Toledo International, Inc.*	566					398,691
PerkinElmer, Inc.	2,601					221,527
Thermo Fisher Scientific, Inc.	9,164					2,669,198
Waters Corp.*	1,527					340,872
						5,810,580
Pharmaceuticals 4.3%
Allergan PLC	7,504					1,262,848
Bristol-Myers Squibb Co.	37,326					1,892,802
Eli Lilly & Co.	19,439					2,173,863
Johnson & Johnson	60,388					7,812,999
Merck & Co., Inc.	58,582					4,931,433
Mylan NV*	11,619					229,824
Nektar Therapeutics* (a)	3,963					72,186
Perrigo Co. PLC	3,108					173,706
Pfizer, Inc.	126,633					4,549,924
Zoetis, Inc.	10,926					1,361,270
						24,460,855
Industrials 9.3%
Aerospace & Defense 2.7%
Arconic, Inc.	8,747					227,422
Boeing Co.	12,231					4,653,529
General Dynamics Corp.	5,358					979,067
Huntington Ingalls Industries, Inc.	926					196,117
L3Harris Technologies, Inc.	5,111					1,066,359
Lockheed Martin Corp.	5,690					2,219,441
Northrop Grumman Corp.	3,602					1,349,994
Raytheon Co.	6,356					1,246,984
Textron, Inc.	5,357					262,279
TransDigm Group, Inc.	1,138					592,522
United Technologies Corp.	18,584					2,537,088
						15,330,802
Air Freight & Logistics 0.6%
C.H. Robinson Worldwide, Inc.	3,134					265,701
Expeditors International of Washington, Inc.	3,953					293,668
FedEx Corp.	5,467					795,831
United Parcel Service, Inc. "B"	15,996					1,916,641
						3,271,841
Airlines 0.4%
Alaska Air Group, Inc.	2,749					178,437
American Airlines Group, Inc.	9,168					247,261
Delta Air Lines, Inc.	13,241					762,682
Southwest Airlines Co.	11,106					599,835
United Airlines Holdings, Inc.*	5,053					446,736
						2,234,951
Building Products 0.3%
A.O. Smith Corp.	3,061					146,040
Allegion PLC	2,155					223,366
Fortune Brands Home & Security, Inc.	3,234					176,900
Johnson Controls International PLC	18,112					794,936
Masco Corp.	6,672					278,089
						1,619,331
Commercial Services & Supplies 0.4%
Cintas Corp.	1,885					505,369
Copart, Inc.*	4,658					374,177
Republic Services, Inc.	4,908					424,787
Rollins, Inc.	3,089					105,242
Waste Management, Inc.	8,901					1,023,615
						2,433,190
Construction & Engineering 0.1%
Jacobs Engineering Group, Inc.	3,094					283,101
Quanta Services, Inc.	3,265					123,417
						406,518
Electrical Equipment 0.5%
AMETEK, Inc.	5,260					482,973
Eaton Corp. PLC	9,640					801,566
Emerson Electric Co.	14,002					936,174
Rockwell Automation, Inc.	2,696					444,301
						2,665,014
Industrial Conglomerates 1.3%
3M Co.	13,145					2,161,038
General Electric Co.	200,088					1,788,787
Honeywell International, Inc.	16,480					2,788,416
Roper Technologies, Inc.	2,366					843,715
						7,581,956
Machinery 1.6%
Caterpillar, Inc.	12,882					1,627,125
Cummins, Inc.	3,621					589,028
Deere & Co.	7,229					1,219,388
Dover Corp.	3,279					326,457
Flowserve Corp.	2,969					138,682
Fortive Corp.	6,850					469,636
IDEX Corp.	1,725					282,693
Illinois Tool Works, Inc.	6,747					1,055,838
Ingersoll-Rand PLC	5,497					677,285
PACCAR, Inc.	7,901					553,149
Parker-Hannifin Corp.	2,918					527,020
Pentair PLC	3,721					140,654
Snap-on, Inc.	1,267					198,336
Stanley Black & Decker, Inc.	3,455					498,937
Wabtec Corp.	4,139					297,429
Xylem, Inc.	4,096					326,123
						8,927,780
Professional Services 0.3%
Equifax, Inc.	2,790					392,469
IHS Markit Ltd.*	9,203					615,497
Nielsen Holdings PLC	7,923					168,364
Robert Half International, Inc.	2,755					153,343
Verisk Analytics, Inc.	3,725					589,071
						1,918,744
Road & Rail 0.9%
CSX Corp.	18,248					1,264,039
J.B. Hunt Transport Services, Inc.	1,986					219,751
Kansas City Southern	2,284					303,795
Norfolk Southern Corp.	6,003					1,078,499
Union Pacific Corp.	16,140					2,614,357
						5,480,441
Trading Companies & Distributors 0.2%
Fastenal Co.	13,284					433,988
United Rentals, Inc.*	1,799					224,228
W.W. Grainger, Inc.	1,015					301,607
						959,823
Information Technology 21.8%
Communications Equipment 1.1%
Arista Networks, Inc.*	1,245					297,455
Cisco Systems, Inc.	97,118					4,798,600
F5 Networks, Inc.*	1,392					195,465
Juniper Networks, Inc.	7,866					194,684
Motorola Solutions, Inc.	3,761					640,912
						6,127,116
Electronic Equipment, Instruments & Components 0.5%
Amphenol Corp. "A"	6,801					656,297
CDW Corp.	3,302					406,938
Corning, Inc.	17,838					508,740
FLIR Systems, Inc.	3,199					168,235
IPG Photonics Corp.*	812					110,107
Keysight Technologies, Inc.*	4,342					422,260
TE Connectivity Ltd.	7,676					715,250
						2,987,827
IT Services 5.5%
Accenture PLC "A"	14,606					2,809,464
Akamai Technologies, Inc.*	3,817					348,798
Alliance Data Systems Corp.	903					115,701
Automatic Data Processing, Inc.	9,930					1,602,901
Broadridge Financial Solutions, Inc.	2,619					325,882
Cognizant Technology Solutions Corp. "A"	12,624					760,785
DXC Technology Co.	6,112					180,304
Fidelity National Information Services, Inc.	14,075					1,868,597
Fiserv, Inc.*	13,114					1,358,479
FleetCor Technologies, Inc.*	1,969					564,670
Gartner, Inc.*	2,076					296,847
Global Payments, Inc.	6,860					1,090,740
International Business Machines Corp.	20,305					2,952,753
Jack Henry & Associates, Inc.	1,768					258,075
Leidos Holdings, Inc.	3,088					265,197
Mastercard, Inc. "A"	20,421					5,545,731
Paychex, Inc.	7,298					604,056
PayPal Holdings, Inc.*	26,916					2,788,228
VeriSign, Inc.*	2,385					449,883
Visa, Inc. "A"	39,505					6,795,255
Western Union Co.	9,618					222,849
						31,205,195
Semiconductors & Semiconductor Equipment 3.9%
Advanced Micro Devices, Inc.*	24,828					719,764
Analog Devices, Inc.	8,428					941,660
Applied Materials, Inc.	21,101					1,052,940
Broadcom, Inc.	9,104					2,513,341
Intel Corp.	101,331					5,221,586
KLA-Tencor Corp.	3,610					575,615
Lam Research Corp.	3,300					762,663
Maxim Integrated Products, Inc.	6,204					359,274
Microchip Technology, Inc.	5,499					510,912
Micron Technology, Inc.*	25,245					1,081,748
NVIDIA Corp.	13,951					2,428,451
Qorvo, Inc.*	2,621					194,321
QUALCOMM., Inc.	27,868					2,125,771
Skyworks Solutions, Inc.	3,976					315,098
Texas Instruments, Inc.	21,387					2,764,056
Xilinx, Inc.	5,789					555,165
						22,122,365
Software 6.6%
Adobe, Inc.*	11,091					3,063,889
ANSYS, Inc.*	1,918					424,568
Autodesk, Inc.*	5,014					740,568
Cadence Design Systems, Inc.*	6,419					424,167
Citrix Systems, Inc.	2,819					272,090
Fortinet, Inc.*	3,181					244,174
Intuit, Inc.	5,958					1,584,470
Microsoft Corp.	174,672					24,284,648
Oracle Corp.	50,390					2,772,962
salesforce.com, Inc.*	20,073					2,979,636
Symantec Corp.	13,017					307,592
Synopsys, Inc.*	3,427					470,356
						37,569,120
Technology Hardware, Storage & Peripherals 4.2%
Apple, Inc.	97,188					21,767,196
Hewlett Packard Enterprise Co.	30,272					459,226
HP, Inc.	33,769					638,910
NetApp, Inc.	5,416					284,394
Seagate Technology PLC	5,390					289,928
Western Digital Corp.	6,842					408,057
Xerox Holding Corp.	4,443					132,890
						23,980,601
Materials 2.7%
Chemicals 1.9%
Air Products & Chemicals, Inc.	5,024					1,114,625
Albemarle Corp.	2,352					163,511
Celanese Corp.	2,829					345,958
CF Industries Holdings, Inc.	5,001					246,049
Corteva, Inc.	17,303					484,484
Dow, Inc.	17,095					814,577
DuPont de Nemours, Inc.	17,091					1,218,759
Eastman Chemical Co.	3,172					234,189
Ecolab, Inc.	5,727					1,134,175
FMC Corp.	2,951					258,744
International Flavors & Fragrances, Inc.	2,441					299,486
Linde PLC	12,381					2,398,447
LyondellBasell Industries NV "A"	5,900					527,873
PPG Industries, Inc.	5,397					639,598
The Mosaic Co.	7,979					163,570
The Sherwin-Williams Co.	1,879					1,033,206
						11,077,251
Construction Materials 0.2%
Martin Marietta Materials, Inc.	1,427					391,141
Vulcan Materials Co.	3,053					461,736
						852,877
Containers & Packaging 0.4%
Amcor PLC	37,554					366,151
Avery Dennison Corp.	1,963					222,938
Ball Corp.	7,649					556,924
International Paper Co.	8,978					375,460
Packaging Corp. of America	2,157					228,858
Sealed Air Corp.	3,430					142,379
WestRock Co.	6,027					219,684
						2,112,394
Metals & Mining 0.2%
Freeport-McMoRan, Inc.	33,415					319,782
Newmont Goldcorp Corp.	18,688					708,649
Nucor Corp.	6,950					353,824
						1,382,255
Real Estate 3.2%
Equity Real Estate Investment Trusts (REITs) 3.1%
Alexandria Real Estate Equities, Inc.	2,630					405,125
American Tower Corp.	10,134					2,240,931
Apartment Investment & Management Co. "A"	3,510					183,011
AvalonBay Communities, Inc.	3,188					686,472
Boston Properties, Inc.	3,298					427,619
Crown Castle International Corp.	9,483					1,318,232
Digital Realty Trust, Inc.	4,755					617,247
Duke Realty Corp.	8,144					276,652
Equinix, Inc.	1,942					1,120,146
Equity Residential	7,989					689,131
Essex Property Trust, Inc.	1,523					497,488
Extra Space Storage, Inc.	2,924					341,582
Federal Realty Investment Trust	1,600					217,824
HCP, Inc.	11,314					403,118
Host Hotels & Resorts, Inc.	16,602					287,049
Iron Mountain, Inc.	6,655					215,555
Kimco Realty Corp.	9,433					196,961
Mid-America Apartment Communities, Inc.	2,595					337,376
Prologis, Inc.	14,388					1,226,145
Public Storage	3,425					840,050
Realty Income Corp.	7,304					560,071
Regency Centers Corp.	3,780					262,672
SBA Communications Corp.	2,585					623,373
Simon Property Group, Inc.	7,054					1,097,955
SL Green Realty Corp.	1,850					151,237
The Macerich Co.	2,568					81,123
UDR, Inc.	6,768					328,113
Ventas, Inc.	8,576					626,305
Vornado Realty Trust	3,645					232,077
Welltower, Inc.	9,247					838,241
Weyerhaeuser Co.	17,005					471,038
						17,799,919
Real Estate Management & Development 0.1%
CBRE Group, Inc. "A"*	7,704					408,389
Utilities 3.6%
Electric Utilities 2.2%
Alliant Energy Corp.	5,529					298,179
American Electric Power Co., Inc.	11,266					1,055,511
Duke Energy Corp.	16,737					1,604,409
Edison International	8,230					620,707
Entergy Corp.	4,555					534,575
Evergy, Inc.	5,419					360,689
Eversource Energy	7,465					638,034
Exelon Corp.	22,175					1,071,274
FirstEnergy Corp.	12,353					595,785
NextEra Energy, Inc.	11,184					2,605,760
Pinnacle West Capital Corp.	2,525					245,102
PPL Corp.	16,713					526,292
Southern Co.	23,934					1,478,403
Xcel Energy, Inc.	12,005					779,004
						12,413,724
Gas Utilities 0.1%
Atmos Energy Corp.	2,661					303,061
Independent Power & Renewable Electricity Producers 0.1%
AES Corp.	14,960					244,447
NRG Energy, Inc.	5,770					228,492
						472,939
Multi-Utilities 1.1%
Ameren Corp.	5,601					448,360
CenterPoint Energy, Inc.	11,427					344,867
CMS Energy Corp.	6,553					419,064
Consolidated Edison, Inc.	7,638					721,562
Dominion Energy, Inc	18,823					1,525,416
DTE Energy Co.	4,151					551,917
NiSource, Inc.	8,560					256,115
Public Service Enterprise Group, Inc.	11,507					714,355
Sempra Energy	6,253					923,005
WEC Energy Group, Inc.	7,186					683,389
						6,588,050
Water Utilities 0.1%
American Water Works Co., Inc.	4,127					512,697
Total Common Stocks (Cost $268,413,902)				565,322,025
		Principal Amount ($)				Value ($)
Government & Agency Obligations 0.1%
U.S. Treasury Obligation
U.S. Treasury Bill, 1.97% **, 1/9/2020 (b) (Cost $656,388)			660,000			656,697
		Shares				Value ($)
Securities Lending Collateral 0.0%
DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", 1.84% (c) (d) (Cost $205,551)	205,551					205,551
Cash Equivalents 0.7%
DWS Central Cash Management Government Fund, 1.96% (c) (Cost $4,090,676)	4,090,676					4,090,676
		% of Net Assets				Value ($)
Total Investment Portfolio (Cost $273,366,517)	100.0				570,274,949
Other Assets and Liabilities, Net	0.0				(147,496)
Net Assets	100.0				570,127,453

For information on the Fund's policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements.

A summary of the Fund's transactions with affiliated investments during the period ended September 30, 2019 are as follows:

Value ($) at          12/31/2018	Purchases Cost ($)	Sales Proceeds ($)		Net Realized Gain/ (Loss) ($)		Net Change in Unrealized Appreci- ation (Deprecia- tion) ($)	Income ($)	Capital Gain Distribu- tions ($)	Number of Shares at 9/30/2019	Value ($) at 9/30/2019
Securities Lending Collateral 0.0%
DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", 1.84% (c) (d)
564,200	—	358,649	(e)		—	—	1,274	—	205,551	205,551
Cash Equivalents 0.7%
DWS Central Cash Management Government Fund, 1.96% (c)
3,904,662	46,605,715	46,419,701		—		—	118,507	—	4,090,676	4,090,676
4,468,862	46,605,715	46,778,350		—		—	119,781	—	4,296,227	4,296,227

*	Non-income producing security.
**	Annualized yield at time of purchase; not a coupon rate.
(a)	All or a portion of these securities were on loan. In addition, "Other Assets and Liabilities, Net" may include pending sales that are also on loan. The value of securities loaned at September 30, 2019 amounted to $200,823, which is 0.0% of net assets.
(b)	At September 30, 2019, 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 September 30, 2019.
S&P: Standard & Poor's
At September 30, 2019, open futures contracts purchased were as follows:

Futures	Currency		Expiration Date	Contracts		Notional Amount ($)		Notional Value ($)		Unrealized (Depreciation) ($)
S&P 500 E-Mini Index		USD	12/20/2019		35		5,262,964		5,212,375		(50,589)

Currency Abbreviation
USD	United States Dollar

Fair Value Measurements

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, and credit risk). Level 3 includes significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.

The following is a summary of the inputs used as of September 30, 2019 in valuing the Fund's investments.

Assets			Level 1		Level 2		Level 3		Total
Common Stocks (f)		$	565,322,025	$	—	$	—	$	565,322,025
Government & Agency Obligations			—		656,697		—		656,697
Short-Term Investments (f)			4,296,227		—		—		4,296,227
Total		$	569,618,252	$	656,697	$	—	$	570,274,949
Liabilities			Level 1		Level 2		Level 3		Total
Derivatives (g)
	Futures Contracts	$	(50,589)	$	—	$	—	$	(50,589)
Total		$	(50,589)	$	—	$	—	$	(50,589)

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

Derivatives

The following table presents, by major type of derivative contract, the unrealized appreciation (depreciation) of the Fund's derivative instruments as of September 30, 2019 categorized by the primary underlying risk exposure. 

Primary Underlying Risk Disclosure	Futures
Equity Contracts	$ (50,589)