Investment Portfolio                                                                                   as of March 31, 2019 (Unaudited)

DWS International Growth VIP

		Shares			Value ($)
Common Stocks 97.9%
Argentina 1.7%
Globant SA* (a)	3,442				245,759
Grupo Supervielle SA (ADR)	3,900				23,712
(Cost $239,527)					269,471
Brazil 0.5%
Pagseguro Digital Ltd. "A"* (a)  (Cost $70,885)	2,615				78,058
Canada 9.9%
Agnico Eagle Mines Ltd.	4,850				210,862
Alimentation Couche-Tard, Inc. "B"	4,081				240,398
Brookfield Asset Management, Inc. "A"	9,386				437,290
Canada Goose Holdings, Inc.*	3,086				148,209
Canadian National Railway Co.	2,508				224,516
Gildan Activewear, Inc.	2,315				83,239
Toronto-Dominion Bank	4,295				233,078
(Cost $1,038,892)					1,577,592
China 8.0%
Alibaba Group Holding Ltd. (ADR)*	1,500				273,675
Minth Group Ltd.	26,870				85,038
Momo, Inc. (ADR)*	3,200				122,368
New Oriental Education & Technology Group, Inc. (ADR)*	1,270				114,414
Ping An Healthcare and Technology Co., Ltd. 144A*	2,100				11,893
Ping An Insurance (Group) Co. of China Ltd. "H"	34,000				382,951
Tencent Holdings Ltd.	6,200				286,279
(Cost $914,064)					1,276,618
Denmark 0.7%
Chr Hansen Holding AS  (Cost $100,652)	1,148				116,156
Finland 1.1%
Sampo Oyj "A"  (Cost $183,782)	3,765				170,928
France 12.1%
Airbus SE	1,186				157,330
Capgemini SE	2,140				259,815
EssilorLuxottica SA	1,213				132,530
LVMH Moet Hennessy Louis Vuitton SE	950				349,732
SMCP SA 144A* (b)	7,900				137,663
Teleperformance	1,174				211,367
Total SA	4,716				262,261
VINCI SA	2,630				256,228
Vivendi SA	5,950				172,527
(Cost $1,793,255)					1,939,453
Germany 12.2%
adidas AG	487				118,595
Allianz SE (Registered)	1,125				250,912
BASF SE	2,275				167,707
Continental AG	687				103,452
Deutsche Boerse AG	2,693				345,938
Deutsche Post AG (Registered)	3,700				120,500
Evonik Industries AG	6,810				186,411
Fresenius Medical Care AG & Co. KGaA	3,000				242,775
LANXESS AG	2,149				115,103
SAP SE	1,621				187,661
Siemens AG (Registered)	1,000				107,754
(Cost $2,088,996)					1,946,808
Hong Kong 0.9%
Techtronic Industries Co., Ltd.  (Cost $51,080)	21,597				145,845
Ireland 1.4%
Kerry Group PLC "A"  (Cost $131,801)	1,955				218,521
Japan 10.9%
Daikin Industries Ltd.	2,400				281,769
FANUC Corp.	400				68,273
Fast Retailing Co., Ltd.	500				235,221
Hoya Corp.	3,800				251,513
Kao Corp.	1,500				118,372
Keyence Corp.	400				249,762
Komatsu Ltd.	3,500				81,416
MISUMI Group, Inc.	4,911				122,412
Mitsubishi UFJ Financial Group, Inc.	36,600				181,303
Pigeon Corp.	3,700				151,748
(Cost $1,712,949)					1,741,789
Korea 1.4%
Samsung Electronics Co., Ltd.  (Cost $253,931)	5,868				231,136
Luxembourg 1.2%
Eurofins Scientific (b) (Cost $135,670)	460				190,756
Macau 1.0%
Sands China Ltd.  (Cost $163,702)	30,800				155,221
Malaysia 1.0%
IHH Healthcare Bhd.  (Cost $154,924)	111,500				157,769
Netherlands 3.7%
Adyen NV 144A*	11				8,646
ASML Holding NV	700				131,834
Core Laboratories NV (a)	755				52,042
ING Groep NV	15,743				190,838
Koninklijke Philips NV	5,000				204,247
(Cost $630,862)					587,607
Norway 0.6%
Mowi ASA  (Cost $46,840)	4,065				90,947
Singapore 2.2%
DBS Group Holdings Ltd.  (Cost $305,399)	19,100				356,583
South Africa 1.1%
Naspers Ltd. "N"  (Cost $167,905)	745				172,350
Sweden 3.3%
Assa Abloy AB "B"	6,440				139,189
Hexagon AB "B"	1,750				91,527
Nobina AB 144A	21,995				141,837
Spotify Technology SA* (a)	1,150				159,620
(Cost $507,057)					532,173
Switzerland 8.8%
Julius Baer Group Ltd.*	2,470				99,872
Lonza Group AG (Registered)*	1,538				478,788
Nestle SA (Registered)	3,349				319,349
Novartis AG (Registered)	3,078				296,548
Roche Holding AG (Genusschein)	783				216,324
(Cost $1,034,277)					1,410,881
Taiwan 1.1%
Taiwan Semiconductor Manufacturing Co., Ltd.  (Cost $127,110)	21,000				167,970
United Kingdom 6.6%
Clinigen Healthcare Ltd.*	9,300				112,301
Compass Group PLC	6,790				159,607
Experian PLC	13,989				379,201
Farfetch Ltd. "A"* (a)	1,600				43,056
Halma PLC	6,129				133,607
Prudential PLC	11,150				223,420
(Cost $857,273)					1,051,192
United States 6.5%
Activision Blizzard, Inc.	2,482				113,006
EPAM Systems, Inc.*	1,310				221,560
Marsh & McLennan Companies, Inc.	1,860				174,654
MasterCard, Inc. "A"	780				183,651
NVIDIA Corp.	673				120,844
Schlumberger Ltd.	2,500				108,925
Thermo Fisher Scientific, Inc.	429				117,426
(Cost $652,869)					1,040,066
Total Common Stocks (Cost $13,363,702)			15,625,890
Warrants 0.0%
France
Parrot SA Expiration Date 12/15/2022* (c)	924				39
Parrot SA Expiration Date 12/22/2022* (c)	924				41
Total Warrants (Cost $0)			80
Preferred Stocks 0.1%
United States
Providence Service Corp. (c) (Cost $13,600)	136				22,719
Cash Equivalents 1.0%
DWS Central Cash Management Government Fund, 2.47% (d) (Cost $164,225)	164,225				164,225
		% of Net Assets			Value ($)
Total Investment Portfolio (Cost $13,541,527)	99.0			15,812,914
Other Assets and Liabilities, Net	1.0			154,254
Net Assets	100.0			15,967,168

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

A summary of the Fund's transactions with affiliated investments during the period ended March 31, 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 ($)	Number of Shares at 3/31/2019	Value ($) at 3/31/2019
Securities Lending Collateral 2.0%
DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares",  2.36% (d) (e)
156,436		156,436 (f)	—	—	1,619	—	—	—
Cash Equivalents 1.0%
DWS Central Cash Management Government Fund,  2.47% (d)
148,953	801,960	786,688	—	—	856	—	164,225	164,225
305,389	801,960	943,124	—	—	2,475	—	164,225	164,225

*	Non-income producing security.
(a)	Listed on the New York Stock Exchange.
(b)	All or a portion of these securities were on loan. In addition, "Other Assets and Liabilities, Net" may include pending sales that are also on loan. The value of securities loaned at March 31, 2019 amounted to $335,788, which is 2.1% of net assets.
(c)	Investment was valued using significant unobservable inputs.
(d)	Affiliated fund managed by DWS Investment Management Americas, Inc.  The rate shown is the annualized seven-day yield at period end.
(e)	Represents collateral held in connection with securities lending. Income earned by the Fund is net of borrower rebates. In addition, the Fund held non-cash collateral having a value of $335,788.
(f)	Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount invested for the period ended March 31, 2019.
144A: Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.
ADR: American Depositary Receipt
At March 31, 2019 the DWS International Growth VIP had the following sector diversification:

Sector Diversification	Market Value ($)	As a % of Investment Portfolio excluding Cash Equivalents & Securities Lending Collateral
Financials	3,071,479		20	%
Consumer Discretionary	2,457,847		16	%
Information Technology	2,311,910		15	%
Health Care	2,303,059		15	%
Industrials	2,291,792		14	%
Consumer Staples	1,139,335		7	%
Communication Services	853,800		5	%
Materials	796,239		5	%
Energy	423,228		3	%
Total	15,648,689		100	%
Sector diversification is subject to change.

Fair Value Measurements

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

The following is a summary of the inputs used as of March 31, 2019 in valuing the Fund's investments.

Assets			Level 1		Level 2		Level 3		Total
Common Stocks
	Argentina	$	269,471	$	—	$	—	$	269,471
	Brazil		78,058		—		—		78,058
	Canada		1,577,592		—		—		1,577,592
	China		510,457		766,161		—		1,276,618
	Denmark		—		116,156		—		116,156
	Finland		—		170,928		—		170,928
	France		—		1,939,453		—		1,939,453
	Germany		—		1,946,808		—		1,946,808
	Hong Kong		—		145,845		—		145,845
	Ireland		—		218,521		—		218,521
	Japan		—		1,741,789		—		1,741,789
	Korea		—		231,136		—		231,136
	Luxembourg		—		190,756		—		190,756
	Macau		—		155,221		—		155,221
	Malaysia		—		157,769		—		157,769
	Netherlands		52,042		535,565		—		587,607
	Norway		—		90,947		—		90,947
	Singapore		—		356,583		—		356,583
	South Africa		—		172,350		—		172,350
	Sweden		159,620		372,553		—		532,173
	Switzerland		—		1,410,881		—		1,410,881
	Taiwan		—		167,970		—		167,970
	United Kingdom		43,056		1,008,136		—		1,051,192
	United States		1,040,066		—		—		1,040,066
Warrants (g)			—		—		80		80
Preferred Stocks (g)			—		—		22,719		22,719
Short-Term Investments (g)			164,225		—		—		164,225
Total		$	3,894,587	$	11,895,528	$	22,799	$	15,812,914

(g) See Investment Portfolio for additional detailed categorizations.