N-CSR

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D. C. 20549

FORM N-CSR

Investment Company Act file number: 811-06071

Deutsche DWS Institutional Funds

(Exact Name of Registrant as Specified in Charter)

345 Park Avenue

New York, NY 10154-0004

(Address of Principal Executive Offices) (Zip Code)

Registrant’s Telephone Number, including Area Code: (212) 250-2500

Diane Kenneally

One International Place

Boston, MA 02110

(Name and Address of Agent for Service)

Date of fiscal year end:	12/31
Date of reporting period:	12/31/2018

ITEM 1. REPORT TO STOCKHOLDERS

December 31, 2018

Annual Report

to Shareholders

DWS EAFE^® Equity Index Fund

(formerly Deutsche EAFE^® Equity Index Fund)

Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of the Fund’s annual and semiannual shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports. Instead, the reports will be made available on the Fund’s Web site (dws.com), and you will be notified by mail each time a report is posted and provided with a Web site link to access the report.

If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from the Fund electronically anytime by contacting your financial intermediary (such as a broker-dealer or bank), or if you are a direct investor, by calling (800) 728-3337 or sending an email request to service@dws.com.

You may elect to receive all future reports in paper free of charge. If you invest through a financial intermediary, you can contact your financial intermediary to request that you continue to receive paper copies of your shareholder reports. If you invest directly with the Fund, you can call (800) 728-3337 or send an email request to service@dws.com to continue receiving paper copies of your shareholder reports. Your election to receive reports in paper will apply to all funds held in your account if you invest through your financial intermediary or all funds held with DWS if you invest directly with the Fund.

Contents

3	Letter to Shareholders
4	Portfolio Management Review
8	Performance Summary
10	Portfolio Summary
12	Investment Portfolio
39	Statement of Assets and Liabilities
40	Statement of Operations
41	Statements of Changes in Net Assets
42	Financial Highlights

43	Notes to Financial Statements
54	Report of Independent Registered Public Accounting Firm
56	Information About Your Fund’s Expenses
57	Tax Information
58	Advisory Agreement Board Considerations and Fee Evaluation
63	Board Members and Officers
68	Account Management Resources

This report must be preceded or accompanied by a prospectus. To obtain a summary prospectus, if available, or prospectus for any of our funds, refer to the Account Management Resources information provided in the back of this booklet. We advise you to consider the Fund’s objectives, risks, charges and expenses carefully before investing. The summary prospectus and prospectus contain this and other important information about the Fund. Please read the prospectus carefully before you invest.

Investing in foreign securities presents certain risks, such as currency fluctuations, political and economic changes, and market risks. Various factors, including costs, cash flows and security selection, may cause the Fund’s performance to differ from that of the index. The Fund may lend securities to approved institutions. Stocks may decline in value. Please read the prospectus for details.

In June 2016, citizens of the United Kingdom approved a referendum to leave the European Union (EU) and in March 2017, the United Kingdom initiated its withdrawal from the EU, which is expected to take place by March 2019. Significant uncertainty exists regarding the United Kingdom’s anticipated withdrawal from the EU and any adverse economic and political effects such withdrawal may have on the United Kingdom, other EU countries and the global economy.

The brand DWS represents DWS Group GmbH & Co. KGaA and any of its subsidiaries such as DWS Distributors, Inc. which offers investment products or DWS Investment Management Americas, Inc. and RREEF America L.L.C. which offer advisory services.

NOT FDIC/NCUA INSURED     NO BANK GUARANTEE     MAY LOSE VALUE NOT A DEPOSIT     NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

2 | DWS EAFE^® Equity Index Fund

Letter to Shareholders

Dear Shareholder:

The picture for the economy and markets continues to be positive with corporate fundamentals continuing to be solid, a tight labor market and inflation near the Federal Reserve Bank’s target.

Nevertheless, the fourth quarter of 2018 introduced a level of volatility that investors have not seen in quite a while. That trend continues into the new year, triggered by uncertainty around trade conflicts, the withdrawal of liquidity by central banks, higher interest rates and concerns around European hot spots such as Italy and the United Kingdom.

While these issues bear close watching, our Chief investment Officer (“CIO”) and Chief Economist agree that the markets remain broadly attractive. The rate hike cycle appears to be nearing its end, inflation remains under control and recession is not on the near horizon.

The “Insight” section of our Web site, dws.com, is home to a comprehensive library of market and economic views around current developments, opportunities and emerging risks. We invite you to visit us online often to stay apprised of the market landscape and what it may mean for you.

Best regards,

Hepsen Uzcan   President, DWS Funds

Assumptions, estimates and opinions contained in this document constitute our judgment as of the date of the document and are subject to change without notice. Any projections are based on a number of assumptions as to market conditions and there can be no guarantee that any projected results will be achieved. Past performance is not a guarantee of future results.

DWS EAFE^® Equity Index Fund | 3

Portfolio Management Review (Unaudited)

Market Overview and Fund Performance

All performance information below is historical and does not guarantee future results. Returns shown are for Institutional Class shares, unadjusted for sales charges. Investment return and principal fluctuate, so your shares may be worth more or less when redeemed. Current performance may differ from performance data shown. Please visit dws.com for the most recent month-end performance of all share classes. Fund performance includes reinvestment of all distributions. Unadjusted returns do not reflect sales charges and would have been lower if they had. Please refer to pages 8 through 9 for more complete performance information.

Investment Objective

The Fund seeks to replicate, as closely as possible, before the deduction of expenses, the performance of the Morgan Stanley Capital International (“MSCI”) EAFE Index, which emphasizes stocks of companies in major markets in Europe, Australasia and the Far East.

DWS EAFE^® Equity Index Fund returned –13.69% in 2018, which compares with a return of –13.79% for its benchmark, the Morgan Stanley Capital International (MSCI) Europe, Australasia and Far East (EAFE) Index.

International stocks entered January with continued momentum from their strong showing in the prior year. The MSCI EAFE Index posted a gain of 25.02% in 2017, reflecting investor optimism about the prospects for a synchronized global economic recovery. However, the outlook grew gradually less favorable as 2018 progressed due to incoming data showing that growth outside of the United States was in fact decelerating. The foreign markets moved steadily lower throughout the year as a result, causing the index to lag U.S. equities by a wide margin through the middle two calendar quarters. The downturn picked up steam in the final three months of the year, when a sharp increase in investor risk aversion fueled broad-based weakness in equities across the globe. The sell-off caused the index to post its worst return since 2008 and finish behind the U.S. market, as gauged by the –4.38% return of the S&P 500 Index.

Currency translation also had an adverse impact on the returns of international equities for U.S.-based investors, reversing another trend that was in place in the previous year. The MSCI EAFE Index returned

4 | DWS EAFE^® Equity Index Fund

–10.99% in local currency terms in 2018, indicating that currency performance detracted nearly three percentage points of return for those measuring results in U.S dollars. Most foreign currencies lost ground against the dollar due to the relative strength of the U.S. economy and the fact that the U.S. Federal Reserve continued to raise rates at a faster pace than other major central banks.

European Markets Underperform

European equities performed poorly and finished behind the index, reflecting the region’s sluggish economic growth and expectations that the European Central Bank would begin to reduce monetary stimulus in 2019. A host of political developments further weighed on the markets, including Italy’s rising government debt, the ongoing Brexit negotiations, and the rise of populist movements across the Continent. Germany was a particularly notable underperformer, with a loss of more than 22% in U.S. dollar terms.

The story was somewhat more favorable in Asia, where Australia and New Zealand outpaced the MSCI EAFE Index. Singapore and Hong Kong, both of which were aided by their close ties to China, also outperformed. Japan, which is the largest index component with a weighting of approximately 25%, generated a modest performance advantage. The country gained a relative benefit from a stable political picture, slow but steady economic growth, and improving corporate results. In addition, investors remained confident that the country’s central bank would maintain an accommodative monetary policy in 2019.

Financials and Cyclical Stocks Weigh on Index Returns

Financial stocks — which have an allocation of approximately 20% in the index — produced the weakest return of the 11 major sectors. Financials lagged due to the effects of slowing growth and the gradual tightening of monetary policy by global central banks. HSBC Holdings PLC (United Kingdom), BNP Paribas SA (France), and Banco Santander SA (Spain) were among the largest detractors from the sector’s performance. (Contribution and detraction incorporate both a stock’s total return and its weighting in the benchmark.)

Uncertainty about economic growth also weighed heavily on the materials, industrials, and consumer discretionary sectors. Commodity

DWS EAFE^® Equity Index Fund | 5

prices fell sharply in the fourth quarter due to concerns about the 2019 outlook for global demand, leading to sizable downturns for the majority of the stocks in the materials sector. Industrials, for their part, were hurt by both the slowing economy and questions surrounding U.S. trade policy. Industrial conglomerates such as Siemens AG (Germany), ABB Ltd. (Switzerland), and Komatsu Ltd. (Japan) lagged considerably and dragged down the return of the sector as a whole. The shortfall in the consumer discretionary sector stemmed largely from the weakness in the producers of automobiles, auto components, and tires. Investors grew concerned that global auto sales had peaked and were set to turn lower, causing sizable losses for stocks such as Daimler AG (Germany) and Continental AG (Germany). Shares of companies specializing in luxury brands, including LVMH Moet Hennessy Louis Vuitton SE (France) and Compagnie Financiere Richemont SA (Switzerland), also underperformed due to the broader worries about consumer spending.

On the positive side, utility stocks finished well ahead of the index. The sector experienced strong relative performance in the fourth-quarter market downturn, during which investors gravitated to defensive, dividend-paying equities. Other sectors seen as having defensive qualities, including health care, consumer staples, and real estate, also delivered market-beating returns. Lastly, energy outperformed despite the sharp decline in the price of oil from the beginning of October onward.

Portfolio Positioning

The Fund invested in equity index futures and currency forward contracts during the year, with the goal of keeping the portfolio’s exposures in line with those of the benchmark. This strategy had a neutral impact on results.

We continued to use a passive strategy that seeks to provide returns that approximate those of the benchmark. We made no changes in the Fund’s approach, as our objective is to replicate the return and risk characteristics of the index. To this end, all changes to the index were incorporated in the Fund in order to maintain proper tracking. The index itself provides broad-based exposure to 21 of the largest developed markets outside the United States, across all sectors of the economy.

6 | DWS EAFE^® Equity Index Fund

Portfolio Manager

Thomas O’Brien, CFA

Vice President of Northern Trust Investments, Inc. Portfolio Manager of the Fund. Began managing the Fund in 2013.

— Portfolio Manager for the International Equity Index group in Chicago.

— Prior to joining Northern Trust in November 2004, he was a Principal at State Street Global Advisors focusing on US index strategies.

— BS, University of Rhode Island; MBA, Suffolk University.

The views expressed reflect those of the portfolio management team only through the end of the period of the report as stated on the cover. The management team’s views are subject to change at any time based on market and other conditions and should not be construed as a recommendation. Past performance is no guarantee of future results. Current and future portfolio holdings are subject to risk.

Terms to Know

The Morgan Stanley Capital International (MSCI) Europe, Australasia and Far East (EAFE) Index is an equity index which captures large- and mid-cap representation across developed markets countries around the world, excluding the U.S. and Canada. With 928 constituents, the index covers approximately 85% of the free float adjusted market capitalization in each country. Index returns do not reflect fees or expenses and it is not possible to invest directly into an index.

The Standard & Poor’s 500 (S&P 500) Index is an unmanaged, capitalization weighted index of 500 stocks. The index is designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries. Index returns do not reflect fees or expenses and it is not possible to invest directly into an index.

Futures contracts are contractual agreements to buy or sell a particular commodity or financial instrument at a pre-determined price in the future.

Currency forward contracts are agreements between two parties to exchange two designated currencies at a specific time in the future.

The consumer discretionary sector represents industries that produce goods and services that are not necessities in everyday life.

DWS EAFE^® Equity Index Fund | 7

Performance Summary December 31, 2018 (Unaudited)

Institutional Class	1-Year		5-Year		10-Year
Average Annual Total Returns as of 12/31/18
No Sales Charges		–13.69%		0.35%		5.97%
MSCI EAFE® Index†		–13.79%		0.53%		6.32%

Performance in the Average Annual Total Returns table above and the Growth of an Assumed $1,000,000 Investment line graph that follows is historical and does not guarantee future results. Investment return and principal fluctuate, so your shares may be worth more or less when redeemed. Current performance may differ from performance data shown. Please visit dws.com for the Fund’s most recent month-end performance. Fund performance includes reinvestment of all distributions.

The gross expense ratio of the Fund, as stated in the fee table of the prospectus dated May 31, 2018 is 1.10% for Institutional Class shares and may differ from the expense ratio disclosed in the Financial Highlights table in this report.

Index returns do not reflect any fees or expenses and it is not possible to invest directly into an index.

Performance figures do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.

The MSCI EAFE^® Index is the exclusive property of Morgan Stanley Capital International, a service of Morgan Stanley, and has been licensed for use by the Fund’s investment advisor. There is no guarantee that the Fund will be able to mirror the MSCI EAFE^® Index closely to track its performance.

Generally accepted accounting principles require adjustments to be made to the net assets of the Fund at period end for financial reporting purposes only, and as such, the total return based on the unadjusted net asset value per share may differ from the total return reported in the financial highlights.

8 | DWS EAFE^® Equity Index Fund

Growth of an Assumed $1,000,000 Investment

The growth of $1,000,000 is cumulative.

The minimum initial investment for Institutional Class shares is $1,000,000.

^†  MSCI Europe, Australasia and Far East (EAFE) Index is an equity index which captures large and mid cap representation across developed markets countries around the world, excluding the U.S. and Canada. With 928 constituents, the index covers approximately 85% of the free float-adjusted market capitalization in each country.

	Institutional Class
Net Asset Value
12/31/18	$	5.09
12/31/17	$	6.58
Distribution Information as of 12/31/18
Income Dividends, Twelve Months	$	.18
Cap Gain Distributions, Twelve Months	$	.39

DWS EAFE^® Equity Index Fund | 9

Portfolio Summary		(Unaudited)
Sector Diversification (As a % of Investment Portfolio excluding Cash Equivalents and Securities Lending Collateral)	12/31/18		12/31/17
Financials		19%		21%
Industrials		14%		15%
Consumer Staples		12%		11%
Health Care		11%		10%
Consumer Discretionary		11%		12%
Materials		7%		8%
Information Technology		6%		5%
Energy		6%		5%
Communication Services		6%		6%
Utilities		4%		3%
Real Estate		4%		4%
		100%		100%
Geographic Diversification (As a % of Investment Portfolio excluding Cash Equivalents and Securities Lending Collateral)	12/31/18		12/31/17
Japan		24%		24%
United Kingdom		15%		15%
France		11%		10%
Switzerland		9%		9%
Germany		9%		10%
Australia		7%		7%
Netherlands		5%		5%
Hong Kong		4%		3%
Spain		3%		3%
Sweden		2%		3%
Italy		2%		2%
Denmark		2%		2%
Other		7%		7%
		100%		100%

10 | DWS EAFE^® Equity Index Fund

Ten Largest Equity Holdings at December 31, 2018 (12.5% of Net Assets)			Country	Percent
	1	Nestle SA	Switzerland		1.9	%
		Multinational company that markets a wide range of food products
	2	Royal Dutch Shell PLC	Netherlands		1.9	%
		Explores, produces, and refines petroleum
	3	Novartis AG	Switzerland		1.4	%
		Manufacturer of pharmaceutical and nutrition products
	4	Roche Holding AG	Switzerland		1.4	%
		Developer of pharmaceutical and chemical products
	5	HSBC Holdings PLC	United Kingdom		1.3	%
		Provider of international banking and financial services
	6	Toyota Motor Corp.	Japan		1.0	%
		Manufacturer of diversified automotive products
	7	TOTAL SA	France		1.0	%
		Produces, refines, transports and markets oil and natural gas
	8	BP PLC	United Kingdom		1.0	%
		Exporter and producer of oil and natural gas
	9	AIA Group Ltd.	Hong Kong		0.8	%
		Offers insurance and financial services
	10	SAP SE	Germany		0.8	%
		Manufacturer of computer software

Portfolio holdings and characteristics are subject to change.

For more complete details about the Fund’s investment portfolio, see page 12. A quarterly Fact Sheet is available on dws.com or upon request. Please see the Account Management Resources section on page 68 for contact information.

DWS EAFE^® Equity Index Fund | 11

Investment Portfolio as of December 31, 2018

	Shares		Value ($)
Common Stocks 97.2%
Australia 6.7%
AGL Energy Ltd.		2,078		30,085
Alumina Ltd.		7,671		12,406
Amcor Ltd.		3,726		34,702
AMP Ltd.		9,940		17,117
APA Group (Units)		4,016		23,954
Aristocrat Leisure Ltd.		1,870		28,704
ASX Ltd.		642		27,102
Aurizon Holdings Ltd.		6,538		19,696
AusNet Services (Units)		5,993		6,550
Australia & New Zealand Banking Group Ltd.		9,331		160,743
Bank of Queensland Ltd.		1,515		10,354
Bendigo & Adelaide Bank Ltd.		1,558		11,820
BGP Holdings PLC (a)*		328,818		1,454
BHP Group Ltd.		9,580		230,117
BlueScope Steel Ltd.		1,750		13,464
Boral Ltd.		4,092		14,236
Brambles Ltd.		5,283		37,688
Caltex Australia Ltd.		826		14,789
Challenger Ltd.		1,814		12,099
CIMIC Group Ltd.		372		11,330
Coca-Cola Amatil Ltd.		1,476		8,506
Cochlear Ltd.		183		22,371
Coles Group Ltd.*		3,808		31,206
Commonwealth Bank of Australia		5,729		291,746
Computershare Ltd.		1,467		17,747
Crown Resorts Ltd.		1,323		11,024
CSL Ltd.		1,468		191,974
Dexus (REIT)		3,219		24,019
Domino’s Pizza Enterprises Ltd. Series L		224		6,385
Flight Centre Travel Group Ltd.		196		5,911
Fortescue Metals Group Ltd.		4,850		14,305
Goodman Group (REIT)		5,449		40,750
GPT Group (REIT)		5,745		21,571
Harvey Norman Holdings Ltd.		1,366		3,032
Incitec Pivot Ltd.		4,803		11,064
Insurance Australia Group Ltd.		7,630		37,627
LendLease Group (Units)		1,860		15,196
Macquarie Group Ltd.		1,040		79,430
Medibank Private Ltd.		9,713		17,571
Mirvac Group (REIT) (Units)		11,725		18,501

The accompanying notes are an integral part of the financial statements.

12 | DWS EAFE^® Equity Index Fund

	Shares		Value ($)
National Australia Bank Ltd.		8,911		151,145
Newcrest Mining Ltd.		2,479		38,141
Oil Search Ltd.		4,422		22,184
Orica Ltd.		1,156		14,034
Origin Energy Ltd.*		5,463		24,745
QBE Insurance Group Ltd.		4,422		31,414
Ramsay Health Care Ltd.		444		18,018
REA Group Ltd.		189		9,829
Rio Tinto Ltd.		1,192		65,779
Santos Ltd.		5,878		22,539
Scentre Group (REIT)		17,628		48,358
SEEK Ltd.		1,040		12,375
Sonic Healthcare Ltd.		1,256		19,525
South32 Ltd.		16,602		39,135
Stockland (REIT) (Units)		7,589		18,792
Suncorp Group Ltd.		4,225		37,515
Sydney Airport (Units)		3,344		15,839
TABCORP Holdings Ltd.		6,018		18,162
Telstra Corp., Ltd.		13,493		27,015
TPG Telecom Ltd.		1,032		4,667
Transurban Group (Units)		8,524		69,906
Treasury Wine Estates Ltd.		2,233		23,263
Vicinity Centres (REIT)		9,779		17,892
Washington H Soul Pattinson & Co., Ltd.		363		6,351
Wesfarmers Ltd.		3,676		83,337
Westpac Banking Corp.		11,179		197,088
Woodside Petroleum Ltd.		3,004		65,974
Woolworths Group Ltd.		4,265		88,479
WorleyParsons Ltd.		1,044		8,367
(Cost $1,274,016)				2,788,214
Austria 0.2%
Andritz AG		216		9,942
Erste Group Bank AG*		1,012		33,762
OMV AG		483		21,180
Raiffeisen Bank International AG		459		11,693
Verbund AG		236		10,034
Voestalpine AG		360		10,824
(Cost $51,075)				97,435
Belgium 0.9%
Ageas		592		26,660
Anheuser-Busch InBev SA		2,472		163,939
Colruyt SA		199		14,168
Groupe Bruxelles Lambert SA		259		22,601
KBC Group NV		816		53,176

The accompanying notes are an integral part of the financial statements.

DWS EAFE^® Equity Index Fund | 13

	Shares		Value ($)
Proximus SA		486		13,174
Solvay SA		244		24,451
Telenet Group Holding NV		151		7,030
UCB SA		415		33,918
Umicore SA		687		27,507
(Cost $152,441)				386,624
Bermuda 0.0%
Dairy Farm International Holdings Ltd. (Cost $9,430)		1,100		9,958
Chile 0.0%
Antofagasta PLC (Cost $11,696)		1,179		11,798
China 0.1%
BeiGene Ltd. ADR*		100		14,026
Minth Group Ltd.		2,000		6,463
Yangzijiang Shipbuilding Holdings Ltd.		7,900		7,196
(Cost $31,755)				27,685
Denmark 1.7%
A P Moller-Maersk AS “A”		12		14,210
A P Moller-Maersk AS “B”		22		27,730
Carlsberg AS “B”		362		38,503
Chr Hansen Holding AS		328		29,097
Coloplast AS “B”		372		34,593
Danske Bank AS		2,366		46,985
DSV AS		599		39,565
Genmab AS*		202		33,237
H. Lundbeck AS		211		9,258
ISS AS		523		14,660
Novo Nordisk AS ‘‘B”		5,900		271,042
Novozymes AS “B”		700		31,353
Orsted AS 144A		629		42,151
Pandora AS		375		15,280
Tryg AS		376		9,479
Vestas Wind Systems AS		640		48,487
William Demant Holding AS*		318		9,045
(Cost $234,790)				714,675
Finland 1.2%
Elisa Oyj		457		18,910
Fortum Oyj		1,452		31,781
Kone Oyj “B”		1,101		52,643
Metso Oyj		320		8,419
Neste Oyj		419		32,396
Nokia Oyj		18,159		105,033
Nokian Renkaat Oyj		372		11,460

The accompanying notes are an integral part of the financial statements.

14 | DWS EAFE^® Equity Index Fund

	Shares		Value ($)
Nordea Bank Abp		9,992		84,182
Orion Oyj “B”		334		11,634
Sampo Oyj “A”		1,443		63,863
Stora Enso Oyj “R”		1,825		21,218
UPM-Kymmene Oyj		1,768		45,092
Wartsila Oyj		1,518		24,223
(Cost $180,887)				510,854
France 10.6%
Accor SA		637		27,408
Aeroports de Paris		94		17,865
Air Liquide SA		1,388		172,745
Airbus SE		1,884		181,658
Alstom SA		510		20,639
Amundi SA 144A		172		9,115
Arkema SA		217		18,669
Atos SE		298		24,409
AXA SA		6,313		136,676
BioMerieux		153		10,079
BNP Paribas SA		3,626		164,290
Bollore SA		2,589		10,381
Bouygues SA		720		25,902
Bureau Veritas SA		848		17,304
Capgemini SE		515		51,359
Carrefour SA		1,878		32,089
Casino Guichard-Perrachon SA		166		6,923
Cie de Saint-Gobain		1,639		54,763
Cie Generale des Etablissements Michelin		556		55,287
CNP Assurances		552		11,725
Credit Agricole SA		3,576		38,739
Danone SA		2,002		141,157
Dassault Aviation SA		8		11,131
Dassault Systemes SE		416		49,515
Edenred		773		28,490
Eiffage SA		251		21,008
Electricite de France SA		1,880		29,729
Engie SA		5,872		84,346
EssilorLuxottica SA		930		117,758
Eurazeo SA		135		9,569
Eutelsat Communications SA		636		12,555
Faurecia SA		222		8,426
Fonciere des Regions (REIT)		128		12,365
Gecina SA (REIT)		152		19,706
Getlink		1,493		20,074
Hermes International		104		57,845
Icade (REIT)		119		9,082

The accompanying notes are an integral part of the financial statements.

DWS EAFE^® Equity Index Fund | 15

	Shares		Value ($)
Iliad SA		83		11,698
Imerys SA		135		6,505
Ingenico Group SA		198		11,252
Ipsen SA		115		14,875
JC Decaux SA		245		6,891
Kering SA		243		114,587
Klepierre SA (REIT)		703		21,747
L’Oreal SA		819		189,217
Legrand SA		844		47,757
LVMH Moet Hennessy Louis Vuitton SE		905		268,238
Natixis SA		3,215		15,185
Orange SA		6,444		104,782
Pernod Ricard SA		689		113,175
Peugeot SA		1,968		42,079
Publicis Groupe		681		39,072
Remy Cointreau SA		79		8,958
Renault SA		603		37,764
Rexel SA		859		9,158
Safran SA		1,082		130,820
Sanofi		3,663		317,710
Sartorius Stedim Biotech		106		10,622
Schneider Electric SE		1,766		121,338
SCOR SE		530		23,926
SEB SA		63		8,148
Societe BIC SA		82		8,380
Societe Generale SA		2,513		80,446
Sodexo SA		291		29,842
Suez		1,113		14,734
Teleperformance		193		30,913
Thales SA		346		40,488
TOTAL SA		7,794		412,442
Ubisoft Entertainment SA*		240		19,419
Unibail-Rodamco-Westfield (CDI)*		2,600		19,533
Unibail-Rodamco-Westfield (REIT)* (b)		216		33,509
Unibail-Rodamco-Westfield (REIT) (b)		108		16,776
Valeo SA		791		23,182
Veolia Environnement SA		1,734		35,724
VINCI SA		1,655		136,674
Vivendi SA		3,377		82,357
Wendel		81		9,725
(Cost $2,094,623)				4,390,429
Germany 8.0%
1&1 Drillisch AG		199		10,217
adidas AG		607		127,343
Allianz SE (Registered)		1,393		280,633

The accompanying notes are an integral part of the financial statements.

16 | DWS EAFE^® Equity Index Fund

	Shares		Value ($)
Axel Springer SE		159		9,030
BASF SE		2,967		208,250
Bayer AG (Registered)		3,027		211,924
Bayerische Motoren Werke AG		1,086		88,340
Beiersdorf AG		329		34,423
Brenntag AG		528		22,914
Commerzbank AG*		3,418		22,819
Continental AG		363		50,561
Covestro AG 144A		602		29,952
Daimler AG (Registered)		2,931		154,663
Delivery Hero AG 144A*		320		11,964
Deutsche Bank AG (Registered) (c)		6,397		51,429
Deutsche Boerse AG		636		76,721
Deutsche Lufthansa AG (Registered)		722		16,404
Deutsche Post AG (Registered)		3,258		89,484
Deutsche Telekom AG (Registered)		10,799		184,105
Deutsche Wohnen SE		1,149		52,833
E.ON SE		7,228		71,488
Evonik Industries AG		500		12,537
Fraport AG		122		8,772
Fresenius Medical Care AG & Co. KGaA		691		44,926
Fresenius SE & Co. KGaA		1,349		65,810
GEA Group AG		547		14,183
Hannover Rueck SE		193		26,116
HeidelbergCement AG		500		30,730
Henkel AG & Co. KGaA		334		32,902
HOCHTIEF AG		70		9,472
HUGO BOSS AG		219		13,515
Infineon Technologies AG		3,666		73,402
Innogy SE*		451		19,181
KION Group AG		249		12,692
LANXESS AG		286		13,229
Merck KGaA		423		43,767
METRO AG		560		8,624
MTU Aero Engines AG		168		30,619
Muenchener Rueckversicherungs-Gesellschaft AG (Registered)		484		105,923
OSRAM Licht AG		349		15,253
ProSiebenSat.1 Media SE		753		13,453
Puma SE (b)		22		10,763
Puma SE (b)		3		1,471
RWE AG		1,753		38,191
SAP SE		3,187		319,077
Siemens AG (Registered)		2,482		277,766
Siemens Healthineers AG 144A*		526		22,122

The accompanying notes are an integral part of the financial statements.

DWS EAFE^® Equity Index Fund | 17

	Shares		Value ($)
Symrise AG		412		30,525
Telefonica Deutschland Holding AG		2,352		9,238
ThyssenKrupp AG		1,348		23,348
TUI AG		1,449		20,815
Uniper SE		700		18,137
United Internet AG (Registered)		401		17,649
Volkswagen AG		112		17,901
Vonovia SE		1,598		72,715
Wirecard AG		377		57,950
Zalando SE 144A*		349		9,010
(Cost $1,748,355)				3,347,281
Hong Kong 3.6%
AIA Group Ltd.		39,081		324,058
ASM Pacific Technology Ltd.		1,100		10,478
Bank of East Asia Ltd.		4,234		13,415
BOC Hong Kong (Holdings) Ltd.		12,321		45,648
CK Asset Holdings Ltd.		8,348		60,486
CK Hutchison Holdings Ltd.		8,848		84,928
CK Infrastructure Holdings Ltd.		2,000		15,147
CLP Holdings Ltd.		5,274		59,602
Galaxy Entertainment Group Ltd.		7,497		47,275
Hang Lung Group Ltd.		3,000		7,639
Hang Lung Properties Ltd.		7,000		13,338
Hang Seng Bank Ltd.		2,500		55,775
Henderson Land Development Co., Ltd.		4,276		21,287
HK Electric Investments & HK Electric Investments Ltd. “SS”, (Units)		9,491		9,615
HKT Trust & HKT Ltd. “SS”, (Units)		11,920		17,174
Hong Kong & China Gas Co., Ltd.		30,434		62,840
Hong Kong Exchanges & Clearing Ltd.		3,779		109,483
Hongkong Land Holdings Ltd.		3,800		23,925
Hysan Development Co., Ltd.		1,773		8,413
Jardine Matheson Holdings Ltd.		700		48,651
Jardine Strategic Holdings Ltd.		700		25,712
Kerry Properties Ltd. (b)		2,000		6,832
Link (REIT)		6,653		67,315
Melco Resorts & Entertainment Ltd. (ADR)		783		13,796
MGM China Holdings Ltd.		3,897		6,491
MTR Corp., Ltd.		4,917		25,852
New World Development Co., Ltd.		20,369		26,834
NWS Holdings Ltd.		5,991		12,294
PCCW Ltd.		14,000		8,064
Power Assets Holdings Ltd.		4,500		31,278
Shangri-La Asia Ltd.		4,000		5,935
Sino Land Co., Ltd.		11,367		19,440

The accompanying notes are an integral part of the financial statements.

18 | DWS EAFE^® Equity Index Fund

	Shares		Value ($)
SJM Holdings Ltd.		8,000		7,463
Sun Hung Kai Properties Ltd.		5,188		73,955
Swire Pacific Ltd. “A”		1,500		15,864
Swire Properties Ltd.		3,800		13,337
Techtronic Industries Co., Ltd.		4,499		23,967
WH Group Ltd. 144A		29,259		22,523
Wharf Holdings Ltd.		3,750		9,770
Wharf Real Estate Investment Co., Ltd.		3,750		22,412
Wheelock & Co., Ltd.		3,000		17,159
Yue Yuen Industrial (Holdings) Ltd.		2,500		7,993
(Cost $660,236)				1,503,463
Ireland 1.1%
AIB Group PLC		2,423		10,241
Bank of Ireland Group PLC		3,166		17,634
CRH PLC		2,659		70,668
DCC PLC		316		24,150
James Hardie Industries SE (CDI)		1,472		15,660
Kerry Group PLC “A” (b)		2		198
Kerry Group PLC “A” (b)		534		52,501
Kingspan Group PLC		525		22,561
Paddy Power Betfair PLC		288		23,654
Shire PLC		3,085		179,989
Smurfit Kappa Group PLC		784		20,911
(Cost $317,463)				438,167
Isle Of Man 0.1%
GVC Holdings PLC (Cost $25,618)		1,951		16,781
Israel 0.5%
Azrieli Group Ltd.		144		6,873
Bank Hapoalim BM		3,300		20,847
Bank Leumi Le-Israel BM		4,781		28,872
Bezeq Israeli Telecommunication Corp., Ltd.		8,053		7,857
Check Point Software Technologies Ltd.* (d)		423		43,421
Elbit Systems Ltd.		66		7,565
Israel Chemicals Ltd.		2,347		13,294
Mizrahi Tefahot Bank Ltd.		378		6,366
Nice Ltd.*		213		22,938
Teva Pharmaceutical Industries Ltd. (ADR)		3,233		49,853
Wix.com Ltd.* (d)		100		9,034
(Cost $259,679)				216,920
Italy 1.9%
Assicurazioni Generali SpA		3,812		63,949
Atlantia SpA		1,598		33,242
Davide Campari-Milano SpA		1,899		16,086

The accompanying notes are an integral part of the financial statements.

DWS EAFE^® Equity Index Fund | 19

	Shares		Value ($)
Enel SpA		26,590		154,408
Eni SpA		8,215		129,756
Ferrari NV (b)		82		8,186
Ferrari NV (b) (e)		324		32,219
Intesa Sanpaolo SpA		48,863		109,093
Leonardo SpA		1,392		12,292
Mediobanca Banca di Credito Finanziario SpA		1,898		16,121
Moncler SpA		610		20,381
Pirelli & C SpA 144A*		1,251		8,068
Poste Italiane SpA 144A		1,837		14,753
Prysmian SpA		722		14,029
Recordati SpA		311		10,814
Snam SpA		7,190		31,560
Telecom Italia SpA*		34,686		19,292
Telecom Italia SpA (RSP)		16,966		8,143
Terna Rete Elettrica Nazionale SpA		4,525		25,728
UniCredit SpA		6,442		73,098
(Cost $606,284)				801,218
Japan 23.7%
ABC-Mart, Inc.		100		5,532
Acom Co., Ltd.		1,500		4,892
Aeon Co., Ltd.		2,000		39,108
AEON Financial Service Co., Ltd.		430		7,635
AEON Mall Co., Ltd.		400		6,356
Air Water, Inc.		553		8,369
Aisin Seiki Co., Ltd.		500		17,202
Ajinomoto Co., Inc.		1,600		28,503
Alfresa Holdings Corp.		700		17,883
Alps Electric Co., Ltd.		600		11,612
Amada Holdings Co., Ltd.		1,000		8,976
ANA Holdings, Inc.		400		14,361
Aozora Bank Ltd.		400		11,931
Asahi Glass Co., Ltd.		600		18,892
Asahi Group Holdings Ltd.		1,200		46,574
Asahi Intecc Co., Ltd.		300		12,620
Asahi Kasei Corp.		4,200		43,215
ASICS Corp.		600		7,648
Astellas Pharma, Inc.		6,100		78,128
Bandai Namco Holdings, Inc.		650		29,137
Benesse Holdings, Inc.		300		7,621
Bridgestone Corp.		2,000		76,994
Brother Industries Ltd.		700		10,364
Calbee, Inc.		300		9,389
Canon, Inc.		3,300		90,110
Casio Computer Co., Ltd.		700		8,257

The accompanying notes are an integral part of the financial statements.

20 | DWS EAFE^® Equity Index Fund

	Shares		Value ($)
Central Japan Railway Co.		500		105,549
Chubu Electric Power Co., Inc.		1,900		27,034
Chugai Pharmaceutical Co., Ltd.		700		40,671
Chugoku Electric Power Co., Inc.		800		10,410
Coca-Cola Bottlers Japan Holdings, Inc.		400		11,924
Concordia Financial Group Ltd.		3,100		11,897
Credit Saison Co., Ltd.		500		5,863
CyberAgent Inc		300		11,557
Dai Nippon Printing Co., Ltd.		800		16,769
Dai-ichi Life Holdings, Inc.		3,500		54,390
Daicel Corp.		1,000		10,255
Daifuku Co., Ltd.		300		13,654
Daiichi Sankyo Co., Ltd.		1,800		57,483
Daikin Industries Ltd.		800		84,930
Daito Trust Construction Co., Ltd.		200		27,291
Daiwa House Industry Co., Ltd.		1,800		57,176
Daiwa House REIT Investment Corp. (REIT)		5		11,198
Daiwa Securities Group, Inc.		5,100		25,826
DeNA Co., Ltd.		400		6,656
Denso Corp.		1,400		61,896
Dentsu, Inc.		700		31,235
Disco Corp.		100		11,571
Don Quijote Holdings Co., Ltd.		400		24,512
East Japan Railway Co.		939		82,922
Eisai Co., Ltd.		800		61,773
Electric Power Development Co., Ltd.		500		11,843
FamilyMart UNY Holdings Co., Ltd.		200		25,299
FANUC Corp.		600		90,803
Fast Retailing Co., Ltd.		200		102,084
Fuji Electric Co., Ltd.		400		11,767
Fujifilm Holdings Corp.		1,300		50,555
Fujitsu Ltd.		600		37,362
Fukuoka Financial Group, Inc.		500		10,138
Hakuhodo Dy Holdings, Inc.		700		10,005
Hamamatsu Photonics KK		500		16,742
Hankyu Hanshin Holdings, Inc.		700		23,254
Hikari Tsushin, Inc.		100		15,636
Hino Motors Ltd.		1,000		9,425
Hirose Electric Co., Ltd.		105		10,260
Hisamitsu Pharmaceutical Co., Inc.		200		11,052
Hitachi Chemical Co., Ltd.		400		5,920
Hitachi Construction Machinery Co., Ltd.		400		9,328
Hitachi High-Technologies Corp.		200		6,246
Hitachi Ltd.		3,200		84,893
Hitachi Metals Ltd.		700		7,305

The accompanying notes are an integral part of the financial statements.

DWS EAFE^® Equity Index Fund | 21

	Shares		Value ($)
Honda Motor Co., Ltd.		5,300		139,204
Hoshizaki Corp.		200		12,162
Hoya Corp.		1,200		72,242
Hulic Co., Ltd.		900		8,055
Idemitsu Kosan Co., Ltd.		400		13,083
IHI Corp.		500		13,767
Iida Group Holdings Co., Ltd.		500		8,647
INPEX Corp.		3,300		29,455
Isetan Mitsukoshi Holdings Ltd.		1,120		12,397
Isuzu Motors Ltd.		1,800		25,291
Itochu Corp.		4,600		78,125
J. Front Retailing Co., Ltd.		700		8,020
Japan Airlines Co., Ltd.		400		14,176
Japan Airport Terminal Co., Ltd.		200		6,928
Japan Exchange Group, Inc.		1,700		27,499
Japan Post Bank Co., Ltd.		1,400		15,424
Japan Post Holdings Co., Ltd.		5,000		57,625
Japan Prime Realty Investment Corp. (REIT)		3		11,407
Japan Real Estate Investment Corp. (REIT)		4		22,483
Japan Retail Fund Investment Corp. (REIT)		8		15,995
Japan Tobacco, Inc.		3,600		85,688
JFE Holdings, Inc.		1,625		25,713
JGC Corp.		600		8,425
JSR Corp.		600		8,997
JTEKT Corp.		600		6,650
JXTG Holdings, Inc.		10,250		53,608
Kajima Corp.		1,500		20,088
Kakaku.com, Inc.		500		8,815
Kamigumi Co., Ltd.		400		8,208
Kaneka Corp.		200		7,161
Kansai Electric Power Co., Inc.		2,300		34,540
Kansai Paint Co., Ltd.		600		11,513
Kao Corp.		1,600		118,763
Kawasaki Heavy Industries Ltd.		400		8,542
KDDI Corp.		5,700		136,224
Keihan Holdings Co., Ltd.		300		12,215
Keikyu Corp.		800		13,082
Keio Corp.		300		17,449
Keisei Electric Railway Co., Ltd.		500		15,630
Keyence Corp.		300		151,817
Kikkoman Corp.		500		26,743
Kintetsu Group Holdings Co., Ltd.		590		25,596
Kirin Holdings Co., Ltd.		2,600		54,288
Kobayashi Pharmaceutical Co., Ltd.		100		6,806
Kobe Steel Ltd.		1,200		8,306

The accompanying notes are an integral part of the financial statements.

22 | DWS EAFE^® Equity Index Fund

	Shares		Value ($)
Koito Manufacturing Co., Ltd.		358		18,353
Komatsu Ltd.		3,000		64,156
Konami Holdings Corp.		300		13,078
Konica Minolta, Inc.		1,500		13,529
Kose Corp.		100		15,660
Kubota Corp.		3,300		46,913
Kuraray Co., Ltd.		1,100		15,462
Kurita Water Industries Ltd.		400		9,648
Kyocera Corp.		1,000		49,915
Kyowa Hakko Kirin Co., Ltd.		910		17,241
Kyushu Electric Power Co., Inc.		1,300		15,496
Kyushu Railway Co.		500		16,913
Lawson, Inc.		100		6,335
LINE Corp.*		200		6,854
Lion Corp.		800		16,516
LIXIL Group Corp.		848		10,486
M3, Inc.		1,400		18,791
Makita Corp.		700		24,857
Marubeni Corp.		5,100		35,734
Marui Group Co., Ltd.		700		13,590
Maruichi Steel Tube Ltd.		200		6,293
Mazda Motor Corp.		1,900		19,542
McDonald’s Holdings Co. (Japan), Ltd.		200		8,494
Mebuki Financial Group, Inc.		2,700		7,153
Medipal Holdings Corp.		600		12,871
MEIJI Holdings Co., Ltd.		400		32,659
Minebea Mitsumi, Inc.		1,300		18,738
MISUMI Group, Inc.		900		18,880
Mitsubishi Chemical Holdings Corp.		4,000		30,220
Mitsubishi Corp.		4,400		120,852
Mitsubishi Electric Corp.		6,000		66,138
Mitsubishi Estate Co., Ltd.		3,800		59,758
Mitsubishi Gas Chemical Co., Inc.		500		7,512
Mitsubishi Heavy Industries Ltd.		1,000		35,916
Mitsubishi Materials Corp.		300		7,879
Mitsubishi Motors Corp.		2,000		10,872
Mitsubishi Tanabe Pharma Corp.		900		12,978
Mitsubishi UFJ Financial Group, Inc.		38,000		186,178
Mitsubishi UFJ Lease & Finance Co., Ltd.		1,400		6,716
Mitsui & Co., Ltd.		5,400		83,006
Mitsui Chemicals, Inc.		600		13,531
Mitsui Fudosan Co., Ltd.		2,900		63,991
Mitsui O.S.K Lines Ltd.		400		8,660
Mizuho Financial Group, Inc.		77,590		120,359
MonotaRO Co., Ltd.		400		9,879

The accompanying notes are an integral part of the financial statements.

DWS EAFE^® Equity Index Fund | 23

	Shares		Value ($)
MS&AD Insurance Group Holdings, Inc.		1,500		42,780
Murata Manufacturing Co., Ltd.		600		81,449
Nabtesco Corp.		425		9,238
Nagoya Railroad Co., Ltd.		600		15,802
NEC Corp.		890		26,453
Nexon Co., Ltd.*		1,400		17,908
NGK Insulators Ltd.		1,000		13,552
NGK Spark Plug Co., Ltd.		400		7,918
NH Foods Ltd.		300		11,279
Nidec Corp.		700		79,291
Nikon Corp.		1,000		14,815
Nintendo Co., Ltd.		400		106,318
Nippon Building Fund, Inc. (REIT)		4		25,189
Nippon Electric Glass Co., Ltd.		300		7,349
Nippon Express Co., Ltd.		200		11,137
Nippon Paint Holdings Co., Ltd.		500		17,083
Nippon Prologis REIT, Inc. (REIT)		6		12,681
Nippon Steel & Sumitomo Metal Corp.		2,400		41,169
Nippon Telegraph & Telephone Corp.		2,276		92,728
Nippon Yusen Kabushiki Kaisha		600		9,171
Nissan Chemical Industries Ltd.		400		20,884
Nissan Motor Co., Ltd.		7,600		60,842
Nisshin Seifun Group, Inc.		700		14,456
Nissin Foods Holdings Co., Ltd.		200		12,563
Nitori Holdings Co., Ltd.		300		37,517
Nitto Denko Corp.		500		24,994
Nomura Holdings, Inc.		10,900		41,553
Nomura Real Estate Holdings, Inc.		500		9,143
Nomura Real Estate Master Fund, Inc. (REIT)		13		17,113
Nomura Research Institute Ltd.		400		14,798
NSK Ltd.		1,100		9,442
NTT Data Corp.		2,100		22,957
NTT DoCoMo, Inc.		4,300		96,816
Obayashi Corp.		2,100		18,979
Obic Co., Ltd.		200		15,434
Odakyu Electric Railway Co., Ltd.		900		19,773
Oji Holdings Corp.		3,000		15,377
Olympus Corp.		1,000		30,924
Omron Corp.		600		21,778
Ono Pharmaceutical Co., Ltd.		1,300		26,489
Oracle Corp.		100		6,329
Oriental Land Co., Ltd.		600		60,484
ORIX Corp.		4,300		62,626
Osaka Gas Co., Ltd.		1,300		23,765
Otsuka Corp.		400		10,959

The accompanying notes are an integral part of the financial statements.

24 | DWS EAFE^® Equity Index Fund

	Shares		Value ($)
Otsuka Holdings Co., Ltd.		1,222		50,025
Panasonic Corp.		7,214		64,618
Park24 Co., Ltd.		400		8,781
Persol Holdings Co., Ltd.		500		7,418
Pigeon Corp.		400		17,119
Pola Orbis Holdings, Inc.		300		8,075
Rakuten, Inc.		3,000		20,100
Recruit Holdings Co., Ltd.		3,600		86,911
Renesas Electronics Corp.*		2,800		12,648
Resona Holdings, Inc.		6,800		32,736
Ricoh Co., Ltd.		2,100		20,507
Rinnai Corp.		100		6,576
ROHM Co., Ltd.		300		19,174
Ryohin Keikaku Co., Ltd.		100		24,243
Sankyo Co., Ltd.		100		3,819
Santen Pharmaceutical Co., Ltd.		1,300		18,800
SBI Holdings, Inc.		744		14,539
Secom Co., Ltd.		700		57,961
Sega Sammy Holdings, Inc.		500		7,003
Seibu Holdings, Inc.		700		12,199
Seiko Epson Corp.		1,000		14,052
Sekisui Chemical Co., Ltd.		1,300		19,262
Sekisui House Ltd.		2,000		29,763
Seven & I Holdings Co., Ltd.		2,500		108,641
Seven Bank Ltd.		1,800		5,146
SG Holdings Co., Ltd.		300		7,775
Sharp Corp.		800		8,004
Shimadzu Corp.		800		15,749
Shimamura Co., Ltd.		100		7,643
Shimano, Inc.		200		28,165
Shimizu Corp.		1,700		13,815
Shin-Etsu Chemical Co., Ltd.		1,100		85,100
Shinsei Bank Ltd.		500		5,956
Shionogi & Co., Ltd.		900		51,475
Shiseido Co., Ltd.		1,200		75,108
Showa Denko KK		400		11,881
Showa Shell Sekiyu KK		600		8,389
SMC Corp.		200		60,363
SoftBank Group Corp.		2,700		178,925
Sohgo Security Services Co., Ltd.		200		9,362
Sompo Holdings, Inc.		1,100		37,261
Sony Corp.		4,100		196,893
Sony Financial Holdings, Inc.		600		11,208
Stanley Electric Co., Ltd.		400		11,203
Subaru Corp.		1,882		40,470

The accompanying notes are an integral part of the financial statements.

DWS EAFE^® Equity Index Fund | 25

	Shares		Value ($)
SUMCO Corp.		700		7,779
Sumitomo Chemical Co., Ltd.		5,000		24,161
Sumitomo Corp.		3,500		49,647
Sumitomo Dainippon Pharma Co., Ltd.		500		15,922
Sumitomo Electric Industries Ltd.		2,400		31,749
Sumitomo Heavy Industries Ltd.		400		11,899
Sumitomo Metal Mining Co., Ltd.		800		21,407
Sumitomo Mitsui Financial Group, Inc.		4,291		142,342
Sumitomo Mitsui Trust Holdings, Inc.		1,110		40,589
Sumitomo Realty & Development Co., Ltd.		1,200		43,885
Sumitomo Rubber Industries Ltd.		700		8,249
Sundrug Co., Ltd.		200		5,946
Suntory Beverage & Food Ltd.		400		18,039
Suzuken Co., Ltd.		200		10,180
Suzuki Motor Corp.		1,100		55,582
Sysmex Corp.		500		24,073
T&D Holdings, Inc.		1,800		20,814
Taiheiyo Cement Corp.		400		12,340
Taisei Corp.		700		29,923
Taisho Pharmaceutical Holdings Co., Ltd.		100		10,034
Taiyo Nippon Sanso Corp.		400		6,495
Takashimaya Co., Ltd.		500		6,382
Takeda Pharmaceutical Co., Ltd.		2,200		74,593
TDK Corp.		400		28,035
Teijin Ltd.		600		9,585
Terumo Corp.		1,000		56,458
The Bank of Kyoto Ltd.		200		8,208
The Chiba Bank Ltd.		2,000		11,127
The Shizuoka Bank Ltd.		1,500		11,755
THK Co., Ltd.		400		7,428
Tobu Railway Co., Ltd.		700		18,865
Toho Co., Ltd.		400		14,493
Toho Gas Co., Ltd.		200		8,439
Tohoku Electric Power Co., Inc.		1,300		17,131
Tokio Marine Holdings, Inc.		2,200		104,456
Tokyo Century Corp.		100		4,393
Tokyo Electric Power Co. Holdings, Inc.*		4,900		29,121
Tokyo Electron Ltd.		500		56,842
Tokyo Gas Co., Ltd.		1,300		32,955
Tokyu Corp.		1,600		26,151
Tokyu Fudosan Holdings Corp.		1,900		9,379
Toppan Printing Co., Ltd.		800		11,739
Toray Industries, Inc.		4,700		33,013
Toshiba Corp.		2,100		59,323
Tosoh Corp.		800		10,373

The accompanying notes are an integral part of the financial statements.

26 | DWS EAFE^® Equity Index Fund

	Shares		Value ($)
TOTO Ltd.		500		17,237
Toyo Seikan Kaisha Ltd.		500		11,470
Toyo Suisan Kaisha Ltd.		300		10,460
Toyoda Gosei Co., Ltd.		300		5,888
Toyota Industries Corp.		500		22,985
Toyota Motor Corp.		7,400		429,581
Toyota Tsusho Corp.		700		20,601
Trend Micro, Inc.		400		21,652
Tsuruha Holdings, Inc.		100		8,574
Unicharm Corp.		1,300		42,110
United Urban Investment Corp. (REIT)		9		13,971
USS Co., Ltd.		600		10,071
Welcia Holdings Co., Ltd.		100		4,523
West Japan Railway Co.		500		35,320
Yahoo! Japan Corp.		9,500		23,682
Yakult Honsha Co., Ltd.		400		28,115
Yamada Denki Co., Ltd.		2,000		9,590
Yamaguchi Financial Group, Inc.		600		5,743
Yamaha Corp.		400		17,048
Yamaha Motor Co., Ltd.		800		15,628
Yamato Holdings Co., Ltd.		1,000		27,456
Yamazaki Baking Co., Ltd.		400		8,358
Yaskawa Electric Corp.		800		19,484
Yokogawa Electric Corp.		700		12,072
Yokohama Rubber Co., Ltd.		450		8,423
ZOZO, Inc.		700		12,811
(Cost $5,204,311)				9,859,440
Luxembourg 0.4%
ArcelorMittal		2,155		45,286
Aroundtown SA		2,660		22,076
Eurofins Scientific SE		40		14,958
Millicom International Cellular SA (SDR)		197		12,516
RTL Group SA		147		7,869
SES SA (FDR)		1,127		21,616
Tenaris SA		1,621		17,537
(Cost $142,819)				141,858
Macau 0.1%
Sands China Ltd.		7,619		33,371
Wynn Macau Ltd.		5,581		12,148
(Cost $18,563)				45,519
Mexico 0.0%
Fresnillo PLC (Cost $11,265)		857		9,428

The accompanying notes are an integral part of the financial statements.

DWS EAFE^® Equity Index Fund | 27

	Shares		Value ($)
Netherlands 4.7%
ABN AMRO Group NV (CVA) 144A		1,298		30,571
Aegon NV		5,608		26,306
AerCap Holdings NV* (e)		439		17,384
Akzo Nobel NV		841		67,878
ASML Holding NV		1,328		209,549
EXOR NV		373		20,311
Heineken Holding NV		366		31,441
Heineken NV		863		76,444
ING Groep NV		12,742		137,707
Koninklijke (Royal) KPN NV		11,173		32,783
Koninklijke Ahold Delhaize NV		4,042		102,289
Koninklijke DSM NV		575		47,226
Koninklijke Philips NV		3,077		109,084
Koninklijke Vopak NV		219		9,972
NN Group NV		972		38,801
NXP Semiconductors NV (d)		1,130		82,806
QIAGEN NV*		719		24,618
Randstad NV		387		17,824
Royal Dutch Shell PLC “A”		14,894		438,683
Royal Dutch Shell PLC “B”		12,134		362,383
Wolters Kluwer NV		975		57,807
(Cost $1,177,537)				1,941,867
New Zealand 0.2%
a2 Milk Co., Ltd.*		2,531		18,841
Auckland International Airport Ltd.		3,070		14,766
Fisher & Paykel Healthcare Corp., Ltd.		1,897		16,472
Fletcher Building Ltd.*		2,416		7,896
Meridian Energy Ltd.		3,728		8,502
Ryman Healthcare Ltd.		1,117		8,051
Spark New Zealand Ltd.		6,338		17,642
(Cost $61,614)				92,170
Norway 0.7%
Aker BP ASA		396		10,052
DNB ASA		3,099		49,779
Gjensidige Forsikring ASA		584		9,156
Marine Harvest ASA		1,368		28,846
Norsk Hydro ASA		4,490		20,453
Orkla ASA		2,641		20,813
Schibsted ASA “B”		296		8,993
Statoil ASA		3,851		81,759
Telenor ASA		2,499		48,609
Yara International ASA		549		21,267
(Cost $116,319)				299,727

The accompanying notes are an integral part of the financial statements.

28 | DWS EAFE^® Equity Index Fund

	Shares		Value ($)
Portugal 0.2%
EDP - Energias de Portugal SA		8,153		28,497
Galp Energia, SGPS, SA		1,616		25,589
Jeronimo Martins, SGPS, SA		729		8,645
(Cost $44,321)				62,731
Singapore 1.3%
Ascendas Real Estate Investment Trust (REIT)		8,100		15,259
CapitaLand Commercial Trust (REIT)		9,676		12,410
CapitaLand Ltd.		8,125		18,488
CapitaLand Mall Trust (REIT)		7,870		13,028
City Developments Ltd.		1,500		8,930
ComfortDelGro Corp., Ltd.		7,500		11,801
DBS Group Holdings Ltd.		5,759		99,970
Genting Singapore Ltd.		17,995		12,891
Golden Agri-Resources Ltd.		14,673		2,623
Jardine Cycle & Carriage Ltd.		304		7,876
Keppel Corp., Ltd.		4,849		20,987
Oversea-Chinese Banking Corp., Ltd.		10,070		83,173
SATS Ltd.		2,500		8,543
Sembcorp Industries Ltd.		3,149		5,844
Singapore Airlines Ltd.		1,970		13,599
Singapore Exchange Ltd.		2,500		13,108
Singapore Press Holdings Ltd.		5,158		8,882
Singapore Technologies Engineering Ltd.		4,900		12,536
Singapore Telecommunications Ltd.		26,501		56,932
Suntec Real Estate Investment Trust (REIT)		6,100		7,963
United Overseas Bank Ltd.		4,422		79,663
UOL Group Ltd.		1,661		7,524
Venture Corp., Ltd.		900		9,203
Wilmar International Ltd.		6,600		15,095
(Cost $254,485)				546,328
South Africa 0.1%
Mondi PLC (Cost $23,850)		1,161		24,240
Spain 3.0%
ACS, Actividades de Construccion y Servicios SA		842		32,681
Aena SME SA 144A		208		32,385
Amadeus IT Group SA		1,449		101,163
Banco Bilbao Vizcaya Argentaria SA		21,606		115,480
Banco de Sabadell SA		18,577		21,319
Banco Santander SA		52,737		241,817
Bankia SA		3,961		11,639
Bankinter SA		2,126		17,125
CaixaBank SA		11,831		43,017

The accompanying notes are an integral part of the financial statements.

DWS EAFE^® Equity Index Fund | 29

	Shares		Value ($)
Enagas SA		705		19,092
Endesa SA		1,014		23,413
Ferrovial SA		1,555		31,565
Grifols SA		989		25,978
Iberdrola SA		19,761		159,379
Industria de Diseno Textil SA		3,579		91,641
Mapfre SA		3,866		10,293
Naturgy Energy Group SA		1,160		29,612
Red Electrica Corp. SA		1,404		31,426
Repsol SA		4,472		72,411
Siemens Gamesa Renewable Energy SA*		709		8,657
Telefonica SA		15,200		128,105
(Cost $878,236)				1,248,198
Sweden 2.4%
Alfa Laval AB		976		20,984
Assa Abloy AB “B”		3,184		57,101
Atlas Copco AB “A”		2,193		52,310
Atlas Copco AB “B”		1,247		27,317
Boliden AB		892		19,417
Electrolux AB “B”		784		16,607
Epiroc AB “A”*		2,048		19,428
Epiroc AB “B”*		1,387		12,379
Essity AB “B”		2,026		49,886
Hennes & Mauritz AB “B”		2,918		41,540
Hexagon AB “B”		848		39,228
Husqvarna AB “B”		1,211		9,003
ICA Gruppen AB		265		9,474
Industrivarden AB “C”		536		10,885
Investor AB “B”		1,512		64,340
Kinnevik AB “B”		761		18,389
L E Lundbergforetagen AB “B”		248		7,326
Lundin Petroleum AB		595		14,918
Sandvik AB		3,517		50,636
Securitas AB “B”		962		15,471
Skandinaviska Enskilda Banken AB “A”		5,429		52,900
Skanska AB “B”		1,127		17,997
SKF AB “B”		1,220		18,603
Svenska Handelsbanken AB “A”		4,967		55,484
Swedbank AB “A”		2,901		64,952
Swedish Match AB		592		23,368
Tele2 AB “B”		1,677		21,454
Telefonaktiebolaget LM Ericsson “B”		10,137		90,471
Telia Co. AB		8,959		42,543
Volvo AB “B”		5,082		66,776
(Cost $351,379)				1,011,187

The accompanying notes are an integral part of the financial statements.

30 | DWS EAFE^® Equity Index Fund

	Shares		Value ($)
Switzerland 9.0%
ABB Ltd. (Registered)		5,973		114,157
Adecco Group AG (Registered)		501		23,544
Baloise Holding AG (Registered)		147		20,308
Barry Callebaut AG (Registered)		8		12,490
Chocoladefabriken Lindt & Spruengli AG		3		18,578
Cie Financiere Richemont SA (Registered)		1,699		109,920
Clariant AG (Registered)*		681		12,579
Coca-Cola HBC AG*		626		19,586
Credit Suisse Group AG (Registered)*		8,183		89,915
Dufry AG (Registered)*		104		9,866
EMS-Chemie Holding AG (Registered)		26		12,400
Ferguson PLC		753		48,251
Geberit AG (Registered)		123		48,007
Givaudan SA (Registered)		30		69,602
Glencore PLC*		36,924		137,353
Julius Baer Group Ltd.*		782		27,968
Kuehne + Nagel International AG (Registered)		170		21,875
LafargeHolcim Ltd. (Registered)* (b)		473		19,581
LafargeHolcim Ltd. (Registered)* (b)		1,125		46,186
Lonza Group AG (Registered)*		239		62,377
Nestle SA (Registered)		9,971		810,904
Novartis AG (Registered)		7,050		604,933
Pargesa Holding SA (Bearer)		110		7,953
Partners Group Holding AG		56		33,986
Roche Holding AG (Genusschein)		2,285		568,538
Schindler Holding AG		135		26,851
Schindler Holding AG (Registered)		73		14,252
SGS SA (Registered)		18		40,644
Sika AG		428		54,502
Sonova Holding AG (Registered)		189		31,115
STMicroelectronics NV		2,276		32,694
Straumann Holding AG (Registered)		35		22,158
Swatch Group AG (Bearer)		97		28,384
Swatch Group AG (Registered)		190		11,049
Swiss Life Holding AG (Registered)*		110		42,549
Swiss Prime Site AG (Registered)*		260		21,080
Swiss Re AG		994		91,469
Swisscom AG (Registered)		88		42,327
Temenos AG*		209		25,223
UBS Group AG (Registered)*		12,510		156,120
Vifor Pharma AG		158		17,200
Zurich Insurance Group AG		496		148,395
(Cost $1,504,052)				3,756,869

The accompanying notes are an integral part of the financial statements.

DWS EAFE^® Equity Index Fund | 31

	Shares		Value ($)
United Arab Emirates 0.0%
NMC Health PLC (Cost $16,533)		347		12,130
United Kingdom 14.8%
3i Group PLC		3,081		30,417
Admiral Group PLC		597		15,601
Anglo American PLC		3,467		77,479
Ashtead Group PLC		1,588		33,210
Associated British Foods PLC		1,181		30,784
AstraZeneca PLC		4,112		308,444
Auto Trader Group PLC 144A		3,320		19,282
Aviva PLC		12,956		62,126
Babcock International Group PLC		908		5,674
BAE Systems PLC		10,502		61,591
Barclays PLC		55,196		106,276
Barratt Developments PLC		3,351		19,799
Berkeley Group Holdings PLC		403		17,869
BHP Group PLC		6,832		144,882
BP PLC		64,793		410,251
British American Tobacco PLC		7,436		237,791
British Land Co. PLC (REIT)		2,865		19,517
BT Group PLC		27,531		83,824
Bunzl PLC		1,127		34,075
Burberry Group PLC		1,292		28,602
Carnival PLC		579		27,912
Centrica PLC		18,729		32,256
CNH Industrial NV		3,243		29,642
Coca-Cola European Partners PLC		863		39,823
Compass Group PLC		5,098		107,311
ConvaTec Group PLC 144A		4,923		8,733
Croda International PLC		419		25,075
Diageo PLC		8,000		285,202
Direct Line Insurance Group PLC		4,420		17,924
easyJet PLC		590		8,337
Experian PLC		3,041		73,884
Fiat Chrysler Automobiles NV* (b) (e)		2,999		43,366
Fiat Chrysler Automobiles NV* (b)		479		6,966
G4S PLC		4,855		12,201
GlaxoSmithKline PLC		16,101		306,578
Hammerson PLC (REIT)		2,640		11,093
Hargreaves Lansdown PLC		884		20,904
HSBC Holdings PLC		64,587		533,998
Imperial Brands PLC		3,118		94,550
Informa PLC		3,949		31,756
InterContinental Hotels Group PLC		568		30,737
International Consolidated Airlines Group SA		1,993		15,820

The accompanying notes are an integral part of the financial statements.

32 | DWS EAFE^® Equity Index Fund

	Shares		Value ($)
Intertek Group PLC		527		32,310
Investec PLC		2,352		13,270
ITV PLC		11,638		18,533
J Sainsbury PLC		5,636		19,054
John Wood Group PLC		2,324		15,029
Johnson Matthey PLC		600		21,434
Kingfisher PLC		7,108		18,811
Land Securities Group PLC (REIT)		2,455		25,198
Legal & General Group PLC		19,392		57,247
Lloyds Banking Group PLC		230,191		151,992
London Stock Exchange Group PLC		1,030		53,419
Marks & Spencer Group PLC		4,989		15,727
Meggitt PLC		2,644		15,903
Melrose Industries PLC		15,817		33,100
Merlin Entertainments PLC 144A		2,015		8,167
Micro Focus International PLC		1,377		24,345
National Grid PLC		11,049		107,600
Next PLC		489		24,897
Pearson PLC		2,480		29,724
Persimmon PLC		1,041		25,667
Prudential PLC		8,386		150,201
Reckitt Benckiser Group PLC		2,177		167,051
RELX PLC		6,403		132,075
Rio Tinto PLC		3,797		181,364
Rolls-Royce Holdings PLC*		5,530		58,616
Royal Bank of Scotland Group PLC		15,436		43,108
Royal Mail PLC		2,889		10,027
RSA Insurance Group PLC		3,479		22,836
Schroders PLC		417		13,008
Segro PLC (REIT)		3,292		24,740
Severn Trent PLC		724		16,770
Smith & Nephew PLC		2,825		52,846
Smiths Group PLC		1,292		22,496
SSE PLC		3,311		45,688
St. James’s Place PLC		1,794		21,632
Standard Chartered PLC		9,159		71,225
Standard Life Aberdeen PLC		7,441		24,381
Taylor Wimpey PLC		10,238		17,794
Tesco PLC		31,889		77,392
The Sage Group PLC		3,645		27,985
The Weir Group PLC		852		14,122
Unilever NV (CVA)		5,012		272,599
Unilever PLC		3,668		192,403
United Utilities Group PLC		2,116		19,889
Vodafone Group PLC		86,666		169,674

The accompanying notes are an integral part of the financial statements.

DWS EAFE^® Equity Index Fund | 33

	Shares		Value ($)
Whitbread PLC		624		36,473
WM Morrison Supermarkets PLC		7,081		19,259
WPP PLC		4,060		43,937
(Cost $3,829,344)				6,172,580
Total Common Stocks (Cost $21,292,976)				40,485,774
Preferred Stocks 0.5%
Germany
Bayerische Motoren Werke (BMW) AG		169		12,081
Fuchs Petrolub SE		208		8,603
Henkel AG & Co. KGaA		588		64,396
Porsche Automobil Holding SE		477		28,301
Sartorius AG		124		15,552
Volkswagen AG		603		96,278
Total Preferred Stocks (Cost $83,936)				225,211
Right 0.0%
Spain
Repsol SA, Expiration Date 1/14/2019* (Cost $2,088)		4,472		2,049
Securities Lending Collateral 0.0%
DWS Government & Agency Securities Portfolio “DWS Government Cash Institutional Shares”, 2.29% (f) (g) (Cost $405)		405		405
Cash Equivalents 1.4%
DWS Central Cash Management Government Fund, 2.41% (f) (Cost $575,958)		575,958		575,958
	% of Net Assets		Value ($)
Total Investment Portfolio (Cost $21,955,363)		99.1		41,289,397
Other Assets and Liabilities, Net		0.9		384,576
Net Assets		100.0		41,673,973

The accompanying notes are an integral part of the financial statements.

34 | DWS EAFE^® Equity Index Fund

A summary of the Fund’s transactions with affiliated investments during the year ended December 31, 2018 are as follows:

Value ($) at 12/31/2017		Pur- chases Cost ($)		Sales Proceeds ($)		Net Real- ized Gain/ (Loss) ($)		Net Change in Unreal- ized Appreci- ation (Depreci- ation) ($)		Income ($)		Capital Gain Distri- butions ($)		Number of Shares at 12/31/2018		Value ($) at 12/31/2018
	Common Stocks 0.1%
	Deutsche Bank AG, (c)
	150,039		—		19,031		(25,206)		(54,373)		674		—		6,397		51,429
	Securities Lending Collateral 0.0%
	DWS Government & Agency Securities Portfolio “DWS Government Cash Institutional Shares”, 2.29% (f) (g)
	831		—		426 (h)		—		—		3,561		—		405		405
	Cash Equivalents 1.4%
	DWS Central Cash Management Government Fund, 2.41% (f)
	—		12,073,631		11,497,673		—		—		8,709		—		575,958		575,958
	150,870		12,073,631		11,517,130		(25,206)		(54,373)		12,944		—		582,760		627,792

* Non-income producing security.

(a) Investment was valued using significant unobservable inputs.

(b) Securities with the same description are the same corporate entity but trade on different stock exchanges.

(c) Affiliated Issuer. This security is owned in proportion with its representation in the index.

(d) Listed on the NASDAQ Stock Market, Inc.

(e) Listed on the New York Stock Exchange.

(f) Affiliated fund managed by DWS Investment Management Americas, Inc. The rate shown is the annualized seven-day yield at period end.

(g) Represents collateral held in connection with securities lending. Income earned by the Fund is net of borrower rebates.

(h) Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount invested for the year ended December 31, 2018.

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

CDI: Chess Depositary Interest

CVA: Certificaten Van Aandelen (Certificate of Stock)

FDR: Fiduciary Depositary Receipt

FTSE: Financial Times and the London Stock Exchange

REIT: Real Estate Investment Trust

RSP: Risparmio (Convertible Savings Shares)

SDR: Swedish Depositary Receipt

SGPS: Sociedade Gestora de Participac¸o~ es Sociais (Portuguese Holding Company)

The accompanying notes are an integral part of the financial statements.

DWS EAFE^® Equity Index Fund | 35

At December 31, 2018, open futures contracts purchased were as follows:

Futures	Currency		Expiration Date		Contracts		Notional Amount ($)		Notional Value ($)		Unrealized Appreciation (Depreciation) ($)
Euro Stoxx 50 Index		EUR		3/15/2019		15		518,372		511,119		(7,253	)
FTSE 100 Index		GBP		3/15/2019		3		254,333		254,627		294
SPI 200 Index		AUD		3/21/2019		2		192,716		195,845		3,129
TOPIX Index		JPY		3/7/2019		3		399,922		408,786		8,864
Total net unrealized appreciation												5,034

At December 31, 2018, the Fund had the following open forward foreign currency contracts:

Contracts to Deliver		In Exchange For		Settlement Date		Unrealized Appreciation ($)			Counterparty
USD	9,699	SGD	13,277		3/20/2019		60		BNP Paribas SA
USD	24,413	SEK	219,437		3/20/2019		507		Bank of New York
USD	95,320	GBP	75,125		3/20/2019		810		Bank of New York
USD	90,000	JPY	9,930,812		3/20/2019		1,201		Toronto-Dominion Bank
USD	120,000	EUR	104,381		3/20/2019		410		Toronto-Dominion Bank
USD	40,000	CHF	39,304		3/20/2019		293		Toronto-Dominion Bank
USD	50,000	GBP	39,287		3/20/2019		271		Toronto-Dominion Bank
USD	130,000	GBP	101,800		3/20/2019		264		Morgan Stanley
USD	397,650	EUR	346,712		3/20/2019		2,303		Morgan Stanley
USD	365,638	JPY	40,649,685		3/20/2019		7,675		Morgan Stanley
USD	60,000	CHF	58,872		3/20/2019		355		Morgan Stanley
Total unrealized appreciation							14,149
Contracts to Deliver		In Exchange For		Settlement Date		Unrealized Depreciation ($)			Counterparty
USD	26,971	HKD	210,394		3/20/2019		(38	)	BNP Paribas SA
USD	1,621	AUD	2,244		3/20/2019		(39	)	Citigroup, Inc.
DKK	58,900	USD	9,029		3/20/2019		(75	)	Citigroup, Inc.
CHF	25,213	USD	25,592		3/20/2019		(255	)	Morgan Stanley
JPY	3,361,636	USD	30,000		3/20/2019		(872	)	Societe Generale
GBP	23,687	USD	30,000		3/20/2019		(309	)	BNP Paribas SA
EUR	43,736	USD	50,000		3/20/2019		(452	)	UBS AG
SEK	357,961	USD	40,000		3/20/2019		(651	)	Bank of New York
GBP	94,332	USD	120,000		3/20/2019		(707	)	Bank of New York
EUR	200,235	USD	230,000		3/20/2019		(983	)	Bank of New York
HKD	234,516	USD	30,000		3/20/2019		(21	)	Bank of Montreal
CHF	59,014	USD	60,000		3/20/2019		(500	)	Goldman Sachs & Co.
JPY	19,877,868	USD	180,000		3/20/2019		(2,552	)	Goldman Sachs & Co.
Total unrealized depreciation							(7,454	)

The accompanying notes are an integral part of the financial statements.

36 | DWS EAFE^® Equity Index Fund

Currency Abbreviations
AUD Australian Dollar	HKD Hong Kong Dollar
CHF Swiss Franc	JPY Japanese Yen
DKK Danish Krone	SEK Swedish Krona
EUR Euro	SGD Singapore Dollar
GBP British Pound	USD United States Dollar

For information on the Fund’s policy and additional disclosures regarding futures contracts and forward foreign currency contracts, please refer to the Derivatives section of Note B in the accompanying Notes to Financial Statements.

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 December 31, 2018 in valuing the Fund’s investments. For information on the Fund’s policy regarding the valuation of investments, please refer to the Security Valuation section of Note A in the accompanying Notes to Financial Statements.

	Level 1		Level 2		Level 3		Total
Common Stocks
Australia	$	—	$	2,786,760	$	1,454	$	2,788,214
Austria		—		97,435		—		97,435
Belgium		—		386,624		—		386,624
Bermuda		—		9,958		—		9,958
Chile		—		11,798		—		11,798
China		14,026		13,659		—		27,685
Denmark		—		714,675		—		714,675
Finland		—		510,854		—		510,854
France		33,509		4,356,920		—		4,390,429
Germany		10,763		3,336,518		—		3,347,281
Hong Kong		13,796		1,489,667		—		1,503,463
Ireland		—		438,167		—		438,167
Isle Of Man		—		16,781		—		16,781
Israel		102,308		114,612		—		216,920
Italy		32,219		768,999		—		801,218
Japan		—		9,859,440		—		9,859,440
Luxembourg		—		141,858		—		141,858
Macau		—		45,519		—		45,519
Mexico		—		9,428		—		9,428
Netherlands		100,190		1,841,677		—		1,941,867
New Zealand		—		92,170		—		92,170
Norway		—		299,727		—		299,727
Portugal		—		62,731		—		62,731
Singapore		—		546,328		—		546,328
South Africa		—		24,240		—		24,240
Spain		—		1,248,198		—		1,248,198

The accompanying notes are an integral part of the financial statements.

DWS EAFE^® Equity Index Fund | 37

Assets	Level 1			Level 2			Level 3		Total
Sweden	$	—		$	1,011,187		$	—	$	1,011,187
Switzerland		—			3,756,869			—		3,756,869
United Arab Emirates		—			12,130			—		12,130
United Kingdom		43,366			6,129,214			—		6,172,580
Preferred Stocks (i)		—			225,211			—		225,211
Right		2,049			—			—		2,049
Short-Term Investments (i)		576,363			—			—		576,363
Derivatives (j)
Futures Contracts		12,287			—			—		12,287
Forward Foreign Currency Contracts		—			14,149			—		14,149
Total	$	940,876		$	40,373,503		$	1,454	$	41,315,833
Liabilities	Level 1			Level 2			Level 3		Total
Derivatives (j)
Futures Contracts	$	(7,253	)	$	—		$	—	$	(7,253	)
Forward Foreign Currency Contracts		—			(7,454	)		—		(7,454	)
Total	$	(7,253	)	$	(7,454	)	$	—	$	(14,707	)

(i) See Investment Portfolio for additional detailed categorizations.

(j) Derivatives include unrealized appreciation (depreciation) on open futures contracts and forward foreign currency exchange contracts.

The accompanying notes are an integral part of the financial statements.

38 | DWS EAFE^® Equity Index Fund

Statement of Assets and Liabilities

as of December 31, 2018
Assets
Investments in non-affiliated securities, at value (cost $21,287,349)	$	40,661,605
Investment in DWS Government & Agency Securities Portfolio (cost $405)*		405
Investment in affiliated securities, at value (cost $667,609)		627,387
Foreign currency, at value (cost $344,687)		344,183
Deposit with broker for futures contracts		84,112
Receivable for investments sold		51,769
Receivable for Fund shares sold		28,276
Dividends receivable		52,838
Interest receivable		1,079
Receivable for variation margin on futures contracts		6,890
Unrealized appreciation on forward foreign currency contracts		14,149
Foreign taxes recoverable		121,930
Due from Advisor		20,829
Other assets		7,299
Total assets		42,022,751
Liabilities
Payable upon return of securities lending collateral		405
Payable for Fund shares redeemed		161,076
Unrealized depreciation on forward foreign currency contracts		7,454
Accrued Trustees’ fees		1,833
Other accrued expenses and payables		178,010
Total liabilities		348,778
Net assets, at value	$	41,673,973
Net Assets Consist of
Distributable earnings (loss)	$	17,755,606
Paid-in capital		23,918,367
Net assets, at value	$	41,673,973
Net Asset Value
Institutional Class
Net Asset Value offering and redemption price per share ($41,673,973 ÷ 8,180,668 outstanding shares of beneficial interest, $.01 par value, unlimited number of shares authorized)	$	5.09

The accompanying notes are an integral part of the financial statements.

DWS EAFE^® Equity Index Fund | 39

Statement of Operations

for the year ended December 31, 2018
Investment Income
Income:
Dividends (net of foreign taxes withheld of $143,551)	$	1,549,481
Affiliated dividends (net of foreign taxes withheld of $137)		674
Income distributions — DWS Central Cash Management Government Fund		8,709
Securities lending income, net of borrower rebates		3,561
Total income		1,562,425
Expenses:
Management fee		127,272
Administration fee		50,909
Services to shareholders		20,197
Custodian fee		79,487
Professional fees		98,173
Reports to shareholders		41,933
Registration fees		34,552
Trustees’ fees and expenses		4,202
Pricing service fee		66,826
Other		6,597
Total expenses before expense reductions		530,148
Expense reductions		(396,831	)
Total expenses after expense reductions		133,317
Net investment income		1,429,108
Realized and Unrealized Gain (Loss)
Net realized gain (loss) from:
Investments		3,559,796
Sale of affiliated securities		(25,206	)
Futures		(142,804	)
Forward foreign currency contracts		(14,220	)
Foreign currency		(33,512	)
		3,344,054
Change in net unrealized appreciation (depreciation) on:
Investments		(11,596,344	)
Affiliated securities		(54,373	)
Futures		7,272
Forward foreign currency contracts		1,675
Foreign currency		(851	)
		(11,642,621	)
Net gain (loss)		(8,298,567	)
Net increase (decrease) in net assets resulting from operations	$	(6,869,459	)

The accompanying notes are an integral part of the financial statements.

40 | DWS EAFE^® Equity Index Fund

Statements of Changes in Net Assets

	Years Ended December 31,
Increase (Decrease) in Net Assets	2018			2017
Operations:
Net investment income (loss)	$	1,429,108		$	1,603,260
Net realized gain (loss)		3,344,054			1,365,496
Change in net unrealized appreciation (depreciation)		(11,642,621	)		10,518,583
Net increase (decrease) in net assets resulting from operations		(6,869,459	)		13,487,339
Distributions to shareholders:
Institutional Class		(4,346,117	)		(1,843,742	)
Total distributions		(4,346,117	)		(1,843,742	)*
Fund share transactions:
Proceeds from shares sold		5,725,020			9,851,640
Reinvestment of distributions		3,934,817			1,642,819
Payments for shares redeemed		(13,414,402	)		(27,262,852	)
Net increase (decrease) in net assets from Fund share transactions		(3,754,565	)		(15,768,393	)
Increase (decrease) in net assets		(14,970,141	)		(4,124,796	)
Net assets at beginning of period		56,644,114			60,768,910
Net assets at end of period	$	41,673,973		$	56,644,114	**
Other Information
Shares outstanding at beginning of period		8,608,234			11,221,973
Shares sold		916,926			1,621,440
Shares issued to shareholders in reinvestment of distributions		780,488			251,196
Shares redeemed		(2,124,980	)		(4,486,375	)
Net increase (decrease) in Fund shares		(427,566	)		(2,613,739	)
Shares outstanding at end of period		8,180,668			8,608,234

* Includes distributions from net investment income.

** Includes distributions in excess of net investment income of $586,569.

The accompanying notes are an integral part of the financial statements.

DWS EAFE^® Equity Index Fund | 41

Financial Highlights

	Years Ended December 31,
Institutional Class	2018			2017			2016			2015			2014
Selected Per Share Data
Net asset value, beginning of period	$	6.58		$	5.42		$	7.04		$	13.38		$	14.67
Income (loss) from investment operations:
Net investment income (loss)a		.18			.16			.19	d		.45			.48
Net realized and unrealized gain (loss)		(1.10	)		1.21			(.19	)		(.51	)		(1.33	)
Total from investment operations		(.92	)		.1.37			.00	*		(.06	)		(.85	)
Less distributions from:
Net investment income		(.18	)		(.21	)		(.23	)		(1.12	)		(.44	)
Net realized gains		(.39	)		—			(1.39	)		(5.16	)		—
Total distributions		(.57	)		(.21	)		(1.62	)		(6.28	)		(.44	)
Redemption fees		—			—			.00	*		.00	*		.00	*
Net asset value, end of period	$	5.09		$	6.58		$	5.42		$	7.04		$	13.38
Total Return (%)b		(13.69	)		25.44			.75	d		(.74	)		(5.84	)
Ratios to Average Net Assets and Supplemental Data
Net assets, end of period ($ millions)		42			57			61			58			256
Ratio of expenses before expense reductions (%)		1.04			1.10			.95			.58			.49
Ratio of expenses after expense reductions (%)		.26			.31			.33			.34			.46
Ratio of net investment income (loss) (%)		2.81			2.67			3.13	d		3.24			3.32
Portfolio turnover rate (%)		4			5			51			127	c		4

^a  Based on average shares outstanding during the period.

^b  Total return would have been lower had certain expenses not been reduced.

^c  For the year ended December 31, 2015, the portfolio turnover rate includes the effect of a purchase and sale of an exchange traded fund purchased to keep the Fund fully invested while raising cash to fund a large redemption. Turnover without this transaction would have been 12%.

^d  Includes a non-recurring payment for overbilling of prior years’ custodian out-of-pocket fees. Excluding this payment, net investment income per share, total return and ratio of net investment income to average net assets would have been reduced by $.02, 0.37% and 0.35%, respectively.

^*  Amount is less than $.005.

The accompanying notes are an integral part of the financial statements.

42 | DWS EAFE^® Equity Index Fund

Notes to Financial Statements

A. Organization and Significant Accounting Policies

DWS EAFE^® Equity Index Fund (formerly Deutsche EAFE^® Equity Index Fund) (the “Fund”) is a diversified series of the Deutsche DWS Institutional Funds (formerly Deutsche Institutional Funds) (the “Trust”), which is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company organized as a Massachusetts business trust.

The Fund’s financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) which require the use of management estimates. Actual results could differ from those estimates. The Fund qualifies as an investment company under Topic 946 of Accounting Standards Codification of U.S. GAAP. The policies described below are followed consistently by the Fund in the preparation of its financial statements.

In October 2018, the Securities and Exchange Commission adopted amendments to certain disclosure requirements in Securities Act Release No. 33-10532, Disclosure Update and Simplification, which is intended to facilitate the disclosure of information to investors and simplify compliance without significantly altering the total mix of information provided to investors. Effective with the current reporting period, the Fund adopted the amendments with the impacts being that the Fund is no longer required to present components of distributable earnings on the Statement of Assets and Liabilities or the sources of distributable earnings and the amount of undistributed net investment income on the Statements of Changes in Net Assets.

Security Valuation. Investments are stated at value determined as of the close of regular trading on the New York Stock Exchange on each day the exchange is open for trading.

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.

Equity securities are valued at the most recent sale price or official closing price reported on the exchange (U.S. or foreign) or over-the-counter market on which they trade. Securities for which no sales are reported are

DWS EAFE^® Equity Index Fund | 43

valued at the calculated mean between the most recent bid and asked quotations on the relevant market or, if a mean cannot be determined, at the most recent bid quotation. Equity securities are generally categorized as Level 1 securities. For certain international equity securities, in order to adjust for events which may occur between the close of the foreign exchanges and the close of the New York Stock Exchange, a fair valuation model may be used. This fair valuation model takes into account comparisons to the valuation of American Depository Receipts (ADRs), exchange-traded funds, futures contracts and certain indices and these securities are categorized as Level 2.

Investments in open-end investment companies are valued at their net asset value each business day and are categorized as Level 1.

Futures contracts are generally valued at the settlement prices established each day on the exchange on which they are traded and are categorized as Level 1.

Forward currency contracts are valued at the prevailing forward exchange rate of the underlying currencies and are categorized as Level 2.

Securities and other assets for which market quotations are not readily available or for which the above valuation procedures are deemed not to reflect fair value are valued in a manner that is intended to reflect their fair value as determined in accordance with procedures approved by the Board and are generally categorized as Level 3. In accordance with the Fund’s valuation procedures, factors considered in determining value may include, but are not limited to, the type of the security; the size of the holding; the initial cost of the security; the existence of any contractual restrictions on the security’s disposition; the price and extent of public trading in similar securities of the issuer or of comparable companies; quotations or evaluated prices from broker-dealers and/or pricing services; information obtained from the issuer, analysts, and/or the appropriate stock exchange (for exchange-traded securities); an analysis of the company’s or issuer’s financial statements; an evaluation of the forces that influence the issuer and the market(s) in which the security is purchased and sold; and with respect to debt securities, the maturity, coupon, creditworthiness, currency denomination and the movement of the market in which the security is normally traded. The value determined under these procedures may differ from published values for the same securities.

Disclosure about the classification of fair value measurements is included in a table following the Fund’s Investment Portfolio.

Foreign Currency Translations. The books and records of the Fund are maintained in U.S. dollars. Investment securities and other assets and liabilities denominated in a foreign currency are translated into U.S. dollars

44 | DWS EAFE^® Equity Index Fund

at the prevailing exchange rates at period end. Purchases and sales of investment securities, income and expenses are translated into U.S. dollars at the prevailing exchange rates on the respective dates of the transactions.

Net realized and unrealized gains and losses on foreign currency transactions represent net gains and losses between trade and settlement dates on securities transactions, the acquisition and disposition of foreign currencies, and the difference between the amount of net investment income accrued and the U.S. dollar amount actually received. The portion of both realized and unrealized gains and losses on investments that results from fluctuations in foreign currency exchange rates is not separately disclosed but is included with net realized and unrealized gain/appreciation and loss/depreciation on investments.

Securities Lending. Deutsche Bank AG, as lending agent, lends securities of the Fund to certain financial institutions under the terms of its securities lending agreement. During the term of the loans, the Fund continues to receive interest and dividends generated by the securities and to participate in any changes in their market value. The Fund requires the borrowers of the securities to maintain collateral with the Fund consisting of either cash or liquid, unencumbered assets having a value at least equal to the value of the securities loaned. When the collateral falls below specified amounts, the lending agent will use its best effort to obtain additional collateral on the next business day to meet required amounts under the securities lending agreement. As of period end, any securities on loan were collateralized by cash. During the year ended December 31, 2018, the Fund invested the cash collateral into a joint trading account in affiliated money market funds managed by DWS Investment Management Americas, Inc. As of December 31, 2018, the Fund invested the cash collateral in DWS Government & Agency Securities Portfolio. DWS Investment Management Americas, Inc. receives a management/administration fee (0.12% annualized effective rate as of December 31, 2018) on the cash collateral invested in DWS Government & Agency Securities Portfolio. The Fund receives compensation for lending its securities either in the form of fees or by earning interest on invested cash collateral net of borrower rebates and fees paid to a lending agent. Either the Fund or the borrower may terminate the loan at any time, and the borrower, after notice, is required to return borrowed securities within a standard time period. There may be risks of delay and costs in recovery of securities or even loss of rights in the collateral should the borrower of the securities fail financially. If the Fund is not able to recover securities lent, the Fund may sell the collateral and purchase a replacement investment in the market, incurring the risk that the value of the replacement security is greater than the value of the collateral. The Fund is also subject to all investment risks associated with

DWS EAFE^® Equity Index Fund | 45

the reinvestment of any cash collateral received, including, but not limited to, interest rate, credit and liquidity risk associated with such investments.

As of December 31, 2018, the Fund had no securities on loan.

Taxes. The Fund’s policy is to comply with the requirements of the Internal Revenue Code, as amended, which are applicable to regulated investment companies, and to distribute all of its taxable income to its shareholders.

Additionally, the Fund may be subject to taxes imposed by the governments of countries in which it invests and are generally based on income and/or capital gains earned or repatriated. Estimated tax liabilities on certain foreign securities are recorded on an accrual basis and are reflected as components of interest income or net change in unrealized gain/loss on investments. Tax liabilities realized as a result of security sales are reflected as a component of net realized gain/loss on investments.

The Fund has reviewed the tax positions for the open tax years as of December 31, 2018 and has determined that no provision for income tax and/or uncertain tax positions is required in the Fund’s financial statements. The Fund’s federal tax return for the prior three fiscal years remain open subject to examination by the Internal Revenue Service.

Distribution of Income and Gains. Distributions from net investment income of the Fund are declared and distributed to shareholders annually. Net realized gains from investment transactions, in excess of available capital loss carryforwards, would be taxable to the Fund if not distributed, and, therefore, will be distributed to shareholders at least annually. The Fund may also make additional distributions for tax purposes if necessary.

The timing and characterization of certain income and capital gain distributions are determined annually in accordance with federal tax regulations, which may differ from accounting principles generally accepted in the United States of America. These differences primarily relate to passive foreign investment companies, foreign denominated investments, futures contracts, forward currency contracts, certain securities sold at a loss and recognition of certain foreign currency gains (losses) as ordinary income (loss). As a result, net investment income (loss) and net realized gain (loss) on investment transactions for a reporting period may differ significantly from distributions during such period. Accordingly, the Fund may periodically make reclassifications among certain of its capital accounts without impacting the net asset value of the Fund.

46 | DWS EAFE^® Equity Index Fund

At December 31, 2018, the Fund’s components of distributable earnings (accumulated losses) on a tax basis were as follows:

Undistributed long-term capital gains	$	217,440
Net unrealized appreciation (depreciation) on investments	$	17,539,942

At December 31, 2018, the aggregate cost of investments for federal income tax purposes was $23,763,132. The net unrealized appreciation for all investments based on tax cost was $17,539,942. This consisted of aggregate gross unrealized appreciation for all investments which there was an excess of value over tax cost of $20,286,680 aggregate gross unrealized depreciation for all investments in which was an excess of tax cost over value of $2,746,738.

In addition, the tax character of distributions paid to shareholders by the Fund is summarized as follows:

	Years Ended December 31,
	2018		2017
Distributions from ordinary income*	$	1,419,064	$	1,843,742
Distributions from long-term capital gains	$	2,927,053	$	—

* For tax purposes, short-term capital distributions are considered ordinary income distributions.

Expenses. Expenses of the Trust arising in connection with a specific fund are allocated to that fund. Other Trust expenses which cannot be directly attributed to a fund are apportioned among the funds in the Trust based upon the relative net assets or other appropriate measures.

Contingencies. In the normal course of business, the Fund may enter into contracts with service providers that contain general indemnification clauses. The Fund’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Fund that have not yet been made. However, based on experience, the Fund expects the risk of loss to be remote.

Other. Investment transactions are accounted for on a trade date plus one basis for daily net asset value calculations. However, for financial reporting purposes, investment transactions are reported on trade date. Interest income is recorded on the accrual basis. Dividend income is recorded on the ex-dividend date net of foreign withholding taxes. Realized gains and losses from investment transactions are recorded on an identified cost basis. Proceeds from litigation payments, if any, are included in net realized gain (loss) from investments.

DWS EAFE^® Equity Index Fund | 47

B. Derivative Instruments

Futures Contracts. A futures contract is an agreement between a buyer or seller and an established futures exchange or its clearinghouse in which the buyer or seller agrees to take or make a delivery of a specific amount of a financial instrument at a specified price on a specific date (settlement date). For the year ended December 31, 2018, the Fund entered into futures contracts as a means of gaining exposure to a particular asset class or to keep cash on hand to meet shareholder redemptions or other needs while maintaining exposure to the market.

Upon entering into a futures contract, the Fund is required to deposit with a financial intermediary cash or securities (“initial margin”) in an amount equal to a certain percentage of the face value indicated in the futures contract. Subsequent payments (“variation margin”) are made or received by the Fund dependent upon the daily fluctuations in the value and are recorded for financial reporting purposes as unrealized gains or losses by the Fund. Gains or losses are realized when the contract expires or is closed. Since all futures contracts are exchange traded, counterparty risk is minimized as the exchange’s clearinghouse acts as the counterparty, and guarantees the futures against default.

Certain risks may arise upon entering into futures contracts, including the risk that an illiquid market will limit the Fund’s ability to close out a futures contract prior to the settlement date and the risk that the futures contract is not well correlated with the security, index or currency to which it relates. Risk of loss may exceed amounts disclosed in the Statement of Assets and Liabilities.

A summary of the open futures contracts as of December 31, 2018, is included in a table following the Fund’s Investment Portfolio. For the year ended December 31, 2018, the investment in futures contracts purchased had a total notional value generally indicative of a range from approximately $1,102,000 to $1,532,000.

Forward Foreign Currency Exchange Contracts. A forward foreign currency exchange contract (“forward currency contract”) is a commitment to purchase or sell a foreign currency at the settlement date at a negotiated rate. For the year ended December 31, 2018, the Fund used forward currency contracts as a means of maintaining the Fund’s currency exposure consistent with that of the EAFE index and to facilitate transactions in foreign currency denominated securities.

Forward currency contracts are valued at the prevailing forward exchange rate of the underlying currencies and unrealized gain (loss) is recorded daily. On the settlement date of the forward currency contract, the Fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value of the contract at

48 | DWS EAFE^® Equity Index Fund

the time it was closed. Certain risks may arise upon entering into forward currency contracts from the potential inability of counterparties to meet the terms of their contracts. The maximum counterparty credit risk to the Fund is measured by the unrealized gain on appreciated contracts. Additionally, when utilizing forward currency contracts to hedge, the Fund gives up the opportunity to profit from favorable exchange rate movements during the term of the contract.

A summary of the open forward currency contracts as of December 31, 2018, is included in a table following the Fund’s Investment Portfolio. For the year ended December 31, 2018, the investment in forward currency contracts U.S. dollars purchased had a total contract value generally indicative of a range from approximately $177,000 to $1,880,000, and the investment in forward currency contracts U.S. dollars sold had a total contract value generally indicative of a range from approximately $773,000 to $2,590,000.

The following tables summarize the value of the Fund’s derivative instruments held as of December 31, 2018 and the related location in the accompanying Statement of Assets and Liabilities, presented by primary underlying risk exposure:

Asset Derivatives	Forward Contracts		Futures Contracts		Total
Equity Contracts (a)	$	—	$	12,287	$	12,287
Foreign Exchange Contracts (b)		14,149		—		14,149
	$	14,149	$	12,287	$	26,436

Each of the above derivatives is located in the following Statement of Assets and Liabilities accounts:

(a) Includes cumulative appreciation of futures contracts as disclosed in the Investment Portfolio. Unsettled variation margin is disclosed separately within the Statement of Assets and Liabilities.

(b) Unrealized appreciation on forward foreign currency contracts

Liability Derivatives	Forward Contracts			Futures Contracts			Total
Equity Contracts (c)	$	—		$	(7,253	)	$	(7,253	)
Foreign Exchange Contracts (d)		(7,454	)		—			(7,454	)
	$	(7,454	)	$	(7,253	)	$	(14,707	)

Each of the above derivatives is located in the following Statement of Assets and Liabilities accounts:

(c) Includes cumulative depreciation of futures contracts as disclosed in the Investment Portfolio. Unsettled variation margin is disclosed separately within the Statement of Assets and Liabilities.

(d) Unrealized depreciation on forward foreign currency contracts

Additionally, the amount of unrealized and realized gains and losses on derivative instruments recognized in Fund earnings during the year ended

DWS EAFE^® Equity Index Fund | 49

December 31, 2018 and the related location in the accompanying Statement of Operations is summarized in the following tables by primary underlying risk exposure:

Realized Gain (Loss)	Forward Contracts			Futures Contracts			Total
Equity Contracts (e)	$	—		$	(142,804	)	$	(142,804	)
Foreign Exchange Contracts (f)		(14,220	)		—			(14,220	)
	$	(14,220	)	$	(142,804	)	$	(157,024	)

Each of the above derivatives is located in the following Statement of Operations accounts:

(e) Net realized gain (loss) from futures

(f) Net realized gain (loss) from forward foreign currency contracts

Change in Net Unrealized Appreciation (Depreciation)	Forward Contracts		Futures Contracts		Total
Equity Contracts (g)	$	—	$	7,272	$	7,272
Foreign Exchange Contracts (h)		1,675		—		1,675
	$	1,675	$	7,272	$	8,947

Each of the above derivatives is located in the following Statement of Operations accounts:

(g) Change in net unrealized appreciation (depreciation) on futures

(h) Change in net unrealized appreciation (depreciation) on forward foreign currency contracts

As of December 31, 2018, the Fund has transactions subject to enforceable master netting agreements which govern the terms of certain transactions, and reduce the counterparty risk associated with such transactions. Master netting agreements allow a Fund to close out and net total exposure to a counterparty in the event of a deterioration in the credit quality or contractual default with respect to all of the transactions with a counterparty. As defined by the master netting agreement, the Fund may have collateral agreements with certain counterparties to mitigate risk. For financial reporting purposes the Statement of Assets and Liabilities generally shows derivatives assets and liabilities on a gross basis, which reflects the full risks and exposures prior to netting. A reconciliation of the gross amounts on the Statement of Assets and Liabilities to the net amounts by a counterparty, including any collateral exposure, is included in the following tables:

Counterparty	Gross Amounts of Assets Presented in the Statement of Assets and Liabilities		Financial Instruments and Derivatives Available for Offset			Collateral Received		Net Amount of Derivative Assets
Bank of New York	$	1,317	$	(1,317	)	$	—	$	—
BNP Paribas SA		60		(60	)		—		—
Morgan Stanley		10,597		(255	)		—		10,342
Toronto-Dominion Bank		2,175		—			—		2,175
	$	14,149	$	(1,632	)	$	—	$	12,517

50 | DWS EAFE^® Equity Index Fund

Counterparty	Gross Amounts of Liabilities Presented in the Statement of Assets and Liabilities		Financial Instruments and Derivatives Available for Offset			Collateral Pledged		Net Amount of Derivative Liabilities
Bank of Montreal	$	21	$	—		$	—	$	21
Bank of New York		2,341		(1,317	)		—		1,024
BNP Paribas SA		347		(60	)		—		287
Citigroup, Inc.		114		—			—		114
Goldman Sachs & Co.		3,052		—			—		3,052
Morgan Stanley		255		(255	)		—		—
Societe Generale		872		—			—		872
UBS AG		452		—			—		452
	$	7,454	$	(1,632	)	$	—	$	5,822

C. Purchases and Sales of Securities

During the year ended December 31, 2018, purchases and sales of investment securities (excluding short-term investments) aggregated $1,921,831 and $11,484,964, respectively.

D. Related Parties

Management Agreement. Under the Investment Management Agreement with DWS Investment Management Americas, Inc. (formerly Deutsche Investment Management Americas Inc.) (“DIMA” or the “Advisor”), an indirect, wholly owned subsidiary of DWS Group GmbH & Co. KGaA (“DWS Group”), the Advisor determines the securities, instruments and other contracts relating to investments to be purchased, sold, or entered into by the Fund or delegates such responsibility to the Fund’s subadvisor.

Northern Trust Investments, Inc. (“NTI”) serves as subadvisor. As a subadvisor to the Fund, NTI makes investment decisions and buys and sells securities for the Fund. NTI is paid by the Advisor for the services NTI provides to the Fund.

The management fee payable under the Investment Management Agreement is equal to an annual rate (exclusive of any applicable waivers/reimbursements) of 0.25% of the Fund’s average daily net assets, computed and accrued daily and payable monthly.

For the period from January 1, 2018 through April 30, 2019, the Advisor has contractually agreed to waive its fees and/or reimburse certain operating expenses to the extent necessary to maintain the total annual operating expenses (excluding certain expenses such as extraordinary expenses, taxes, brokerage and interest expense) at 0.26% for Institutional Class.

DWS EAFE^® Equity Index Fund | 51

For the year ended December 31, 2018, fees waived and/or expenses reimbursed for the Fund were $396,831.

Administration Fee. Pursuant to the Administrative Services Agreement, DIMA provides most administrative services to the Fund. For all services provided under the Administrative Services Agreement, the Fund pays the Advisor an annual fee (“Administration Fee”) of 0.10% of the Fund’s average daily net assets, computed and accrued daily and payable monthly. For the year ended December 31, 2018, the Administration Fee was $50,909, of which $3,673 is unpaid.

Service Provider Fees. DWS Service Company (“DSC”), an affiliate of the Advisor, is the transfer agent, dividend-paying agent and shareholder service agent for the Fund. Pursuant to a sub-transfer agency agreement between DSC and DST Systems, Inc. (“DST”), DSC compensates DST out of the shareholder servicing fee it receives from the Fund. DSC has delegated certain transfer agent, dividend-paying agent and shareholder service agent functions to DST. For the year ended December 31, 2018, the amount charged to the Fund by DSC aggregated $3,224, of which $563 is unpaid.

In addition, for the year ended December 31, 2018, the amounts charged to the Fund for recordkeeping and other administrative services provided by unaffiliated third parties, included in the Statement of Operations under “Services to shareholders”, aggregated $15,150.

Trustees’ Fees and Expenses. The Fund paid retainer fees to each Trustee not affiliated with the Advisor, plus specified amounts to the Board Chairperson and to each committee Chairperson.

Typesetting and Filing Service Fees. Under an agreement with the Fund, DIMA is compensated for providing certain pre-press and regulatory filing services to the Fund. For the year ended December 31, 2018, the amount charged to the Fund by DIMA included in the Statement of Operations under “Reports to shareholders” aggregated $24,394, of which $13,373 is unpaid.

Affiliated Cash Management Vehicles. The Fund may invest uninvested cash balances in DWS Central Cash Management Government Fund and DWS ESG Liquidity Fund, affiliated money market funds which are managed by the Advisor. Each affiliated money market fund is managed in accordance with Rule 2a-7 under the 1940 Act, which governs the quality, maturity, diversity and liquidity of instruments in which a money market fund may invest. DWS Central Cash Management Government Fund seeks to maintain a stable net asset value, and DWS ESG Liquidity Fund maintains a floating net asset value. The Fund indirectly bears its proportionate share of the expenses of each affiliated money market fund in which it invests. DWS Central Cash Management Government Fund

52 | DWS EAFE^® Equity Index Fund

does not pay the Advisor an investment management fee. To the extent that DWS ESG Liquidity Fund pays an investment management fee to the Advisor, the Advisor will waive an amount of the investment management fee payable to the Advisor by the Fund equal to the amount of the investment management fee payable on the Fund’s assets invested in DWS ESG Liquidity Fund.

Security Lending Fees. Deutsche Bank AG serves as lending agent for the Fund. For the year ended December 31, 2018, the Fund incurred lending agent fees to Deutsche Bank AG in the amount of $268.

E. Line of Credit

The Fund and other affiliated funds (the “Participants”) share in a $400 million revolving credit facility provided by a syndication of banks. The Fund may borrow for temporary or emergency purposes, including the meeting of redemption requests that otherwise might require the untimely disposition of securities. The Participants are charged an annual commitment fee which is allocated based on net assets, among each of the Participants. Interest is calculated at a rate per annum equal to the sum of the Federal Funds Rate plus 1.25 percent plus if the one-month LIBOR exceeds the Federal Funds Rate, the amount of such excess. The Fund may borrow up to a maximum of 33 percent of its net assets under the agreement. The Fund had no outstanding loans at December 31, 2018.

F. Concentration of Ownership

From time to time, the Fund may have a concentration of several shareholder accounts, including affiliated DWS Funds, holding a significant percentage of shares outstanding. Investment activities of these shareholders could have a material impact on the Fund.

At December 31, 2018, DWS Multi-Asset Global Allocation Fund held approximately 36% of the outstanding shares of the Fund.

DWS EAFE^® Equity Index Fund | 53

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of Deutsche DWS Institutional Funds and Shareholders of DWS EAFE^® Equity Index Fund

Opinion on the Financial Statements

We have audited the accompanying statement of assets and liabilities, including the investment portfolio, of DWS EAFE^® Equity Index Fund (one of the funds constituting Deutsche DWS Institutional Funds, referred to hereafter as the “Fund”) as of December 31, 2018, the related statement of operations for the year ended December 31, 2018, the statements of changes in net assets for each of the two years in the period ended December 31, 2018, including the related notes, and the financial highlights for each of the five years in the period ended December 31, 2018 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of December 31, 2018, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended December 31, 2018 and the financial highlights for each of the five years in the period ended December 31, 2018 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Fund’s management. Our responsibility is to express an opinion on the Fund’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

54 | DWS EAFE^® Equity Index Fund

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of December 31, 2018 by correspondence with the custodian, transfer agent and brokers. We believe that our audits provide a reasonable basis for our opinion.

PricewaterhouseCoopers LLP

Boston, Massachusetts

February 21, 2019

We have served as the auditor of one or more investment companies in the DWS family of funds since 1930.

DWS EAFE^® Equity Index Fund | 55

Information About Your Fund’s Expenses

As an investor of the Fund, you incur two types of costs: ongoing expenses and transaction costs. Ongoing expenses include management fees and other Fund expenses. Examples of transaction costs include account maintenance fees, which are not shown in this section. The following tables are intended to help you understand your ongoing expenses (in dollars) of investing in the Fund and to help you compare these expenses with the ongoing expenses of investing in other mutual funds. In the most recent six-month period, the Fund limited these expenses; had it not done so, expenses would have been higher. The example in the table is based on an investment of $1,000 invested at the beginning of the six-month period and held for the entire period (July 1, 2018 to December 31, 2018).

The tables illustrate your Fund’s expenses in two ways:

– Actual Fund Return. This helps you estimate the actual dollar amount of ongoing expenses (but not transaction costs) paid on a $1,000 investment in the Fund using the Fund’s actual return during the period. To estimate the expenses you paid over the period, simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the “Expenses Paid per $1,000” line under the share class you hold.

– Hypothetical 5% Fund Return. This helps you to compare your Fund’s ongoing expenses (but not transaction costs) with those of other mutual funds using the Fund’s actual expense ratio and a hypothetical rate of return of 5% per year before expenses. Examples using a 5% hypothetical fund return may be found in the shareholder reports of other mutual funds. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period.

Please note that the expenses shown in these tables are meant to highlight your ongoing expenses only and do not reflect any transaction costs. The “Expenses Paid per $1,000” line of the tables is useful in comparing ongoing expenses only and will not help you determine the relative total expense of owning different funds. If these transaction costs had been included, your costs would have been higher.

56 | DWS EAFE^® Equity Index Fund

Expenses and Value of a $1,000 Investment for the six months ended December 31, 2018 (Unaudited)
Actual Fund Return	Institutional Class
Beginning Account Value 7/1/18	$	1,000.00
Ending Account Value 12/31/18	$	886.40
Expenses Paid per $1,000*	$	1.24
Hypothetical 5% Fund Return	Institutional Class
Beginning Account Value 7/1/18	$	1,000.00
Ending Account Value 12/31/18	$	1,023.89
Expenses Paid per $1,000*	$	1.33

* Expenses are equal to the Fund’s annualized expense ratio multiplied by the average account value over the period, multiplied by 184 (the number of days in the most recent six-month period), then divided by 365.

Annualized Expense Ratio	Institutional Class
DWS EAFE® Equity Index Fund		.26	%

For more information, please refer to the Fund’s prospectus.

For an analysis of the fees associated with an investment in the Fund or similar funds, please refer to http://apps.finra.org/fundanalyzer/1/fa.aspx.

Tax Information (Unaudited)

The Fund paid distributions of $0.39 per share from net long-term capital gains during its year ended December 31, 2018.

Pursuant to Section 852 of the Internal Revenue Code, the Fund designates $3,387,000 as capital gain dividends for its year ended December 31, 2018.

For federal income tax purposes, the Fund designates $1,433,000, or the maximum amount allowable under tax law, as qualified dividend income.

The Fund paid foreign taxes of $127,052 and earned $1,456,279 of foreign source income during the year ended December 31, 2018. Pursuant to Section 853 of the Internal Revenue Code, the Fund designates $0.02 per share as foreign taxes paid and $0.20 per share as income earned from foreign sources for the year ended December 31, 2018.

Please consult a tax advisor if you have questions about federal or state income tax laws, or on how to prepare your tax returns. If you have specific questions about your account, please call (800) 728-3337.

DWS EAFE^® Equity Index Fund | 57

Advisory Agreement Board Considerations and Fee Evaluation

The Board of Trustees (hereinafter referred to as the “Board” or “Trustees”) approved the renewal of DWS EAFE^® Equity Index Fund’s (the “Fund”) investment management agreement (the “Agreement”) with DWS Investment Management Americas, Inc. (“DIMA”) and sub-advisory agreement (the “Sub-Advisory Agreement” and together with the Agreement, the “Agreements”) between DIMA and Northern Trust Investments, Inc. (“NTI”) in September 2018.

In terms of the process that the Board followed prior to approving the Agreements, shareholders should know that:

– During the entire process, all of the Fund’s Trustees were independent of DIMA and its affiliates (the “Independent Trustees”).

– The Board met frequently during the past year to discuss fund matters and dedicated a substantial amount of time to contract review matters. Over the course of several months, the Board’s Contract Committee reviewed extensive materials received from DIMA, independent third parties and independent counsel. These materials included an analysis of the Fund’s performance, fees and expenses, and profitability from a fee consultant retained by the Fund’s Independent Trustees (the “Fee Consultant”). Based on its evaluation of the information provided, the Contract Committee presented its findings and recommendations to the Board. The Board then reviewed the Contract Committee’s findings and recommendations.

– The Board also received extensive information throughout the year regarding performance of the Fund.

– The Independent Trustees regularly met privately with counsel to discuss contract review and other matters. In addition, the Independent Trustees were advised by the Fee Consultant in the course of their review of the Fund’s contractual arrangements and considered a comprehensive report prepared by the Fee Consultant in connection with their deliberations.

– In connection with reviewing the Agreements, the Board also reviewed the terms of the Fund’s Rule 12b-1 plan, distribution agreement, administrative services agreement, transfer agency agreement and other material service agreements.

In connection with the contract review process, the Contract Committee and the Board considered the factors discussed below, among others. The Board also considered that DIMA and its predecessors have managed the Fund since its inception, and the Board believes that a long-term

58 | DWS EAFE^® Equity Index Fund

relationship with a capable, conscientious advisor is in the best interests of the Fund. The Board considered, generally, that shareholders chose to invest or remain invested in the Fund knowing that DIMA managed the Fund. DIMA is part of DWS Group GmbH & Co. KGaA (“DWS Group”). DWS Group is a global asset management business that offers a wide range of investing expertise and resources, including research capabilities in many countries throughout the world. In 2018, approximately 20% of DWS Group’s shares were sold in an initial public offering, with Deutsche Bank AG owning the remaining shares.

As part of the contract review process, the Board carefully considered the fees and expenses of each DWS fund overseen by the Board in light of the fund’s performance. In many cases, this led to the negotiation and implementation of expense caps. As part of these negotiations, the Board indicated that it would consider relaxing these caps in future years following sustained improvements in performance, among other considerations.

While shareholders may focus primarily on fund performance and fees, the Fund’s Board considers these and many other factors, including the quality and integrity of DIMA’s and NTI’s personnel and administrative support services provided by DIMA, such as back-office operations, fund valuations, and compliance policies and procedures.

Nature, Quality and Extent of Services. The Board considered the terms of the Agreements, including the scope of advisory services provided under the Agreements. The Board noted that, under the Agreements, DIMA and NTI provide portfolio management services to the Fund and that, pursuant to a separate administrative services agreement, DIMA provides administrative services to the Fund. The Board considered the experience and skills of senior management and investment personnel and the resources made available to such personnel. Throughout the course of the year, the Board also received information regarding DIMA’s oversight of fund sub-advisers, including NTI. The Board reviewed the Fund’s performance over short-term and long-term periods and compared those returns to various agreed-upon performance measures, including market index(es) and a peer universe compiled using information supplied by Morningstar Direct (“Morningstar”), an independent fund data service. The Board also noted that it has put into place a process of identifying “Funds in Review” (e.g., funds performing poorly relative to a peer universe), and receives additional reporting from DIMA regarding such funds and, where appropriate, DIMA’s plans to address underperformance. The Board believes this process is an effective manner of identifying and addressing underperforming funds. Based on the information provided, the Board noted that, for the one-, three- and five-year periods ended December 31, 2017, the Fund’s performance

DWS EAFE^® Equity Index Fund | 59

(Institutional Class shares) was in the 3rd quartile of the applicable Morningstar universe (the 1st quartile being the best performers and the 4th quartile being the worst performers).

Fees and Expenses. The Board considered the Fund’s investment management fee schedule, sub-advisory fee schedule, operating expenses and total expense ratios, and comparative information provided by Broadridge Financial Solutions, Inc. (“Broadridge”) and the Fee Consultant regarding investment management fee rates paid to other investment advisors by similar funds (1st quartile being the most favorable and 4th quartile being the least favorable). With respect to management fees paid to other investment advisors by similar funds, the Board noted that the contractual fee rates paid by the Fund, which include a 0.10% fee paid to DIMA under the Fund’s administrative services agreement, were higher than the median (3rd quartile) of the applicable Broadridge peer group (based on Broadridge data provided as of December 31, 2017). With respect to the sub-advisory fee paid to NTI, the Board noted that the fee is paid by DIMA out of its fee and not directly by the Fund. The Board noted that the Fund’s Institutional Class shares total (net) operating expenses were expected to be higher than the median (3rd quartile) of the applicable Broadridge expense universe (based on Broadridge data provided as of December 31, 2017). The Board noted that the expense limitations agreed to by DIMA were expected to help the Fund’s total (net) operating expenses remain competitive. The Board considered the Fund’s management fee rate as compared to fees charged by DIMA to comparable DWS U.S. registered funds (“DWS Funds”) and considered differences between the Fund and the comparable DWS Funds. The information requested by the Board as part of its review of fees and expenses also included information about institutional accounts (including any sub-advised funds and accounts) and funds offered primarily to European investors (“DWS Europe Funds”) managed by DWS Group. The Board noted that DIMA indicated that DWS Group does not manage any institutional accounts or DWS Europe Funds comparable to the Fund.

On the basis of the information provided, the Board concluded that management fees were reasonable and appropriate in light of the nature, quality and extent of services provided by DIMA and NTI.

Profitability. The Board reviewed detailed information regarding revenues received by DIMA under the Agreement. The Board considered the estimated costs to DIMA, and pre-tax profits realized by DIMA, from advising the DWS Funds, as well as estimates of the pre-tax profits attributable to managing the Fund in particular. The Board also received information regarding the estimated enterprise-wide profitability of DIMA and its affiliates with respect to all fund services in totality and by fund.

60 | DWS EAFE^® Equity Index Fund

The Board and the Fee Consultant reviewed DIMA’s methodology in allocating its costs to the management of the Fund. Based on the information provided, the Board concluded that the pre-tax profits realized by DIMA in connection with the management of the Fund were not unreasonable. The Board also reviewed certain publicly available information regarding the profitability of certain similar investment management firms. The Board noted that, while information regarding the profitability of such firms is limited (and in some cases is not necessarily prepared on a comparable basis), DIMA and its affiliates’ overall profitability with respect to the DWS Funds (after taking into account distribution and other services provided to the funds by DIMA and its affiliates) was lower than the overall profitability levels of most comparable firms for which such data was available. The Board did not consider the profitability of NTI with respect to the Fund. The Board noted that DIMA pays NTI’s fee out of its management fee, and its understanding that the Fund’s sub-advisory fee schedule was the product of an arm’s length negotiation with DIMA.

Economies of Scale. The Board considered whether there are economies of scale with respect to the management of the Fund and whether the Fund benefits from any economies of scale. In this regard, the Board observed that while the Fund’s current investment management fee schedule does not include breakpoints, the Fund’s fee schedule represents an appropriate sharing between the Fund and DIMA of such economies of scale as may exist in the management of the Fund at current asset levels.

Other Benefits to DIMA and NTI and Their Affiliates. The Board also considered the character and amount of other incidental or “fall-out” benefits received by DIMA and NTI and their affiliates, including any fees received by DIMA for administrative services provided to the Fund, any fees received by an affiliate of DIMA for transfer agency services provided to the Fund and any fees received by an affiliate of DIMA for distribution services. The Board also considered benefits to DIMA and NTI related to brokerage and soft-dollar allocations, including allocating brokerage to pay for research generated by parties other than the executing broker dealers, which pertain primarily to funds investing in equity securities. In addition, the Board considered the incidental public relations benefits to DIMA and NTI related to DWS Funds advertising and cross-selling opportunities among DIMA products and services. The Board considered these benefits in reaching its conclusion that the Fund’s management fees were reasonable.

Compliance. The Board considered the significant attention and resources dedicated by DIMA to its compliance processes in recent years. The Board noted in particular (i) the experience, seniority and time commitment of the individuals serving as DIMA’s and the Fund’s chief

DWS EAFE^® Equity Index Fund | 61

compliance officers and (ii) the substantial commitment of resources by DIMA and its affiliates to compliance matters, including the retention of compliance personnel. The Board also considered the attention and resources dedicated by DIMA to the oversight of the investment sub-advisor’s compliance program and compliance with the applicable fund policies and procedures.

Based on all of the information considered and the conclusions reached, the Board unanimously determined that the continuation of the Agreements is in the best interests of the Fund. In making this determination, the Board did not give particular weight to any single factor identified above. The Board considered these factors over the course of numerous meetings, certain of which were in executive session with only the Independent Trustees and counsel present. It is possible that individual Independent Trustees may have weighed these factors differently in reaching their individual decisions to approve the continuation of the Agreements.

62 | DWS EAFE^® Equity Index Fund

Board Members and Officers

The following table presents certain information regarding the Board Members and Officers of the Fund. Each Board Member’s year of birth is set forth in parentheses after his or her name. Unless otherwise noted, (i) each Board Member has engaged in the principal occupation(s) noted in the table for at least the most recent five years, although not necessarily in the same capacity; and (ii) the address of each Independent Board Member is c/o Keith R. Fox, DWS Funds Board Chair, c/o Thomas R. Hiller, Ropes & Gray LLP, Prudential Tower, 800 Boylston Street, Boston, MA 02199-3600. Except as otherwise noted below, the term of office for each Board Member is until the election and qualification of a successor, or until such Board Member sooner dies, resigns, is removed or as otherwise provided in the governing documents of the Fund. Because the Fund does not hold an annual meeting of shareholders, each Board Member will hold office for an indeterminate period. The Board Members may also serve in similar capacities with other funds in the fund complex.

Independent Board Members
Name, Year of Birth, Position with the Fund and Length of Time Served1	Business Experience and Directorships During the Past Five Years	Number of Funds in DWS Fund Complex Overseen		Other Directorships Held by Board Member
Keith R. Fox, CFA (1954) Chairperson since 2017, and Board Member since 1996	Managing General Partner, Exeter Capital Partners (a series of private investment funds) (since 1986). Directorships: Progressive International Corporation (kitchen goods importer and distributor); The Kennel Shop (retailer); former Chairman, National Association of Small Business Investment Companies; former Directorships: BoxTop Media Inc. (advertising); Sun Capital Advisers Trust (mutual funds) (2011–2012)		82	—
John W. Ballantine (1946) Board Member since 1999	Retired; formerly, Executive Vice President and Chief Risk Management Officer, First Chicago NBD Corporation/The First National Bank of Chicago (1996–1998); Executive Vice President and Head of International Banking (1995–1996); former Directorships: Director and former Chairman of the Board, Healthways, Inc.2 (population well-being and wellness services) (2003–2014); Stockwell Capital Investments PLC (private equity); Enron Corporation; FNB Corporation; Tokheim Corporation; First Oak Brook Bancshares, Inc. and Oak Brook Bank; Prisma Energy International; Public Radio International. Not-for-Profit Director, Trustee: Palm Beach Civic Association; Window to the World Communications (public media); Harris Theater for Music and Dance (Chicago); Life Director of Hubbard Street Dance Chicago		82	Portland General Electric2 (utility company) (2003– present)

DWS EAFE^® Equity Index Fund | 63

Name, Year of Birth, Position with the Fund and Length of Time Served1	Business Experience and Directorships During the Past Five Years	Number of Funds in DWS Fund Complex Overseen		Other Directorships Held by Board Member
Henry P. Becton, Jr. (1943) Board Member since 1990	Vice Chair and former President, WGBH Educational Foundation. Directorships: Public Radio International; Public Radio Exchange (PRX); The Pew Charitable Trusts (charitable organization); Massachusetts Humane Society; Overseer of the New England Conservatory; former Directorships: Becton Dickinson and Company2 (medical technology company); Belo Corporation2 (media company); The PBS Foundation; Association of Public Television Stations; Boston Museum of Science; American Public Television; Concord Academy; New England Aquarium; Mass. Corporation for Educational Telecommunications; Committee for Economic Development; Public Broadcasting Service; Connecticut College; North Bennett Street School (Boston); American Documentary, Inc. (public media)		82	—
Dawn-Marie Driscoll (1946) Board Member since 1987	Emeritus Executive Fellow, Center for Business Ethics, Bentley University; formerly: President, Driscoll Associates (consulting firm); Partner, Palmer & Dodge (law firm) (1988–1990); Vice President of Corporate Affairs and General Counsel, Filene’s (retail) (1978–1988). Directorships: Advisory Board, Center for Business Ethics, Bentley University; Trustee and former Chairman of the Board, Southwest Florida Community Foundation (charitable organization); former Directorships: ICI Mutual Insurance Company (2007–2015); Sun Capital Advisers Trust (mutual funds) (2007–2012), Investment Company Institute (audit, executive, nominating committees) and Independent Directors Council (governance, executive committees)		82	—
Paul K. Freeman* (1950) Board Member since 1993	Consultant, World Bank/Inter-American Development Bank; Independent Directors Council (former chair); Investment Company Institute (executive committee); Adjunct Professor, University of Denver Law School (2017–present); formerly: Chairman of Education Committee of Independent Directors Council; Project Leader, International Institute for Applied Systems Analysis (1998–2001); Chief Executive Officer, The Eric Group, Inc. (environmental insurance) (1986–1998); Directorships: Knoebel Institute for Healthy Aging, University of Denver (2017–present); former Directorships: Prisma Energy International; Denver Zoo Foundation (2012–2018)		82	—

64 | DWS EAFE^® Equity Index Fund

Name, Year of Birth, Position with the Fund and Length of Time Served1	Business Experience and Directorships During the Past Five Years	Number of Funds in DWS Fund Complex Overseen		Other Directorships Held by Board Member
Richard J. Herring (1946) Board Member since 1990	Jacob Safra Professor of International Banking and Professor of Finance, The Wharton School, University of Pennsylvania (since July 1972); Director, The Wharton Financial Institutions Center (since 1994); formerly: Vice Dean and Director, Wharton Undergraduate Division (1995–2000) and Director, The Lauder Institute of International Management Studies (2000–2006); Member FDIC Systemic Risk Advisory Committee since 2011, member Systemic Risk Council since 2012 and member of the Advisory Board at the Yale Program on Financial Stability since 2013; Formerly Co-Chair of the Shadow Financial Regulatory Committee (2003–2015), Executive Director of The Financial Economists Roundtable (2008–2015), Director of The Thai Capital Fund (2007–2013), Director of The Aberdeen Singapore Fund (2007–2018), and Nonexecutive Director of Barclays Bank DE (2010–2018)		82	Director, Aberdeen Japan Fund (since 2007)
William McClayton (1944) Board Member since 2004	Private equity investor (since October 2009); previously, Managing Director, Diamond Management & Technology Consultants, Inc. (global consulting firm) (2001–2009); Directorship: Board of Managers, YMCA of Metropolitan Chicago; formerly: Senior Partner, Arthur Andersen LLP (accounting) (1966–2001); Trustee, Ravinia Festival		82	—
Rebecca W. Rimel (1951) Board Member since 1995	President, Chief Executive Officer and Director, The Pew Charitable Trusts (charitable organization) (1994–present); formerly: Executive Vice President, The Glenmede Trust Company (investment trust and wealth management) (1983–2004); Board Member, Investor Education (charitable organization) (2004–2005); Trustee, Executive Committee, Philadelphia Chamber of Commerce (2001–2007); Director, Viasys Health Care2 (January 2007–June 2007); Trustee, Thomas Jefferson Foundation (charitable organization) (1994–2012)		82	Director, Becton Dickinson and Company2 (medical technology company) (2012– present); Director, BioTelemetry Inc.2 (health care) (2009– present)
William N. Searcy, Jr. (1946) Board Member since 1993	Private investor since October 2003; formerly: Pension & Savings Trust Officer, Sprint Corporation2 (telecommunications) (November 1989–September 2003); Trustee, Sun Capital Advisers Trust (mutual funds) (1998–2012)		82	—

DWS EAFE^® Equity Index Fund | 65

Name, Year of Birth, Position with the Fund and Length of Time Served1	Business Experience and Directorships During the Past Five Years	Number of Funds in DWS Fund Complex Overseen		Other Directorships Held by Board Member
Jean Gleason Stromberg (1943) Board Member since 1997	Retired. Formerly, Consultant (1997–2001); Director, Financial Markets U.S. Government Accountability Office (1996–1997); Partner, Norton Rose Fulbright, L.L.P. (law firm) (1978–1996); former Directorships: The William and Flora Hewlett Foundation (charitable organization) (2000–2015); Service Source, Inc. (nonprofit), Mutual Fund Directors Forum (2002–2004), American Bar Retirement Association (funding vehicle for retirement plans) (1987–1990 and 1994–1996)		82	—

Officers4
Name, Year of Birth, Position with the Fund and Length of Time Served5	Business Experience and Directorships During the Past Five Years
Hepsen Uzcan6 (1974) President and Chief Executive Officer, 2017–present Assistant Secretary, 2013–present	Managing Director,3 DWS; Secretary, DWS USA Corporation (since March 2018); Assistant Secretary, DWS Distributors, Inc. (since June 25, 2018); Director and Vice President, DWS Service Company (since June 25, 2018); Assistant Secretary, DWS Investment Management Americas, Inc. (since June 25, 2018); and Director and President, DB Investment Managers, Inc. (since June 25, 2018); formerly: Vice President for the Deutsche funds (2016–2017)
John Millette8 (1962) Vice President and Secretary, 1999–present	Director,3 DWS; Chief Legal Officer, DWS Investment Management Americas, Inc. (2015–present); and Director and Vice President, DWS Trust Company (2016–present); formerly: Secretary, Deutsche Investment Management Americas Inc. (2015–2017)
Diane Kenneally8,9 (1966) Treasurer and Chief Financial Officer since 2018	Director,3 DWS; formerly: Assistant Treasurer for the DWS funds (2007–2018)
Caroline Pearson8 (1962) Chief Legal Officer, 2010–present	Managing Director,3 DWS; formerly: Secretary, Deutsche AM Distributors, Inc. (2002–2017); and Secretary, Deutsche AM Service Company (2010–2017)
Scott D. Hogan8 (1970) Chief Compliance Officer, 2016–present	Director,3 DWS
Wayne Salit7 (1967) Anti-Money Laundering Compliance Officer, 2014–present	Director,3 Deutsche Bank; and AML Officer, DWS Trust Company; formerly: Managing Director, AML Compliance Officer at BNY Mellon (2011–2014); and Director, AML Compliance Officer at Deutsche Bank (2004–2011)
Sheila Cadogan8 (1966) Assistant Treasurer, 2017–present	Director,3 DWS; Director and Vice President, DWS Trust Company (since 2018)

66 | DWS EAFE^® Equity Index Fund

Name, Year of Birth, Position with the Fund and Length of Time Served5	Business Experience and Directorships During the Past Five Years
Paul Antosca8 (1957) Assistant Treasurer, 2007–present	Director,3 DWS

¹  The length of time served represents the year in which the Board Member joined the board of one or more DWS funds currently overseen by the Board.

²  A publicly held company with securities registered pursuant to Section 12 of the Securities Exchange Act of 1934.

³  Executive title, not a board directorship.

⁴  As a result of their respective positions held with the Advisor or its affiliates, these individuals are considered “interested persons” of the Advisor within the meaning of the 1940 Act. Interested persons receive no compensation from the Fund.

⁵  The length of time served represents the year in which the officer was first elected in such capacity for one or more DWS funds.

⁶  Address: 345 Park Avenue, New York, NY 10154.

⁷  Address: 60 Wall Street, New York, NY 10005.

⁸  Address: One International Place, Boston, MA 02110.

⁹  Appointed Treasurer and Chief Financial Officer effective July 2, 2018.

* Paul K. Freeman retired from the Board effective December 31, 2018.

The Fund’s Statement of Additional Information (“SAI”) includes additional information about the Board Members. The SAI is available, without charge, upon request. If you would like to request a copy of the SAI, you may do so by calling the following toll-free number: (800) 728-3337.

DWS EAFE^® Equity Index Fund | 67

Account Management Resources

For More Information	The automated telephone system allows you to access personalized account information and obtain information on other DWS funds using either your voice or your telephone keypad. For more information, contact your financial representative. You may also access our automated telephone system or speak with a Shareholder Service representative by calling: (800) 728-3337
Web Site	dws.com View your account transactions and balances, trade shares, monitor your asset allocation, subscribe to fund and account updates by e-mail, and change your address, 24 hours a day. Obtain prospectuses and applications, news about DWS funds, insight from DWS economists and investment specialists and access to DWS fund account information.
Written Correspondence	DWS PO Box 219151 Kansas City, MO 64121-9151
Proxy Voting	The Fund’s policies and procedures for voting proxies for portfolio securities and information about how the Fund voted proxies related to its portfolio securities during the most recent 12-month period ended June 30 are available on our Web site — dws.com/en-us/resources/proxy-voting — or on the SEC’s Web site — sec.gov. To obtain a written copy of the Fund’s policies and procedures without charge, upon request, call us toll free at (800) 728-3337.
Portfolio Holdings	Following the Fund’s fiscal first and third quarter-end, a complete portfolio holdings listing is filed with the SEC on Form N-Q or Form N-PORT (available for filings after March 31, 2019). This Fund’s Form N-Q or Form N-PORT will be available on the SEC’s Web site at sec.gov. The Fund’s portfolio holdings are also posted on dws.com from time to time. Please see the Fund’s current prospectus for more information.
Principal Underwriter	If you have questions, comments or complaints, contact: DWS Distributors, Inc. 222 South Riverside Plaza Chicago, IL 60606-5808 (800) 621-1148

68 | DWS EAFE^® Equity Index Fund

Investment Management	DWS Investment Management Americas, Inc. (“DIMA” or the “Advisor”), which is part of the DWS Group GmbH & Co. KGaA (“DWS Group”), is the investment advisor for the Fund. DIMA and its predecessors have more than 90 years of experience managing mutual funds and DIMA provides a full range of investment advisory services to both institutional and retail clients. DIMA is an indirect, wholly owned subsidiary of DWS Group. DWS Group is a global organization that offers a wide range of investing expertise and resources, including hundreds of portfolio managers and analysts and an office network that reaches the world’s major investment centers. This well-resourced global investment platform brings together a wide variety of experience and investment insight across industries, regions, asset classes and investing styles.
	Institutional Class
Nasdaq Symbol	BTAEX
CUSIP Number	25159R 601
Fund Number	558

DWS EAFE^® Equity Index Fund | 69

Notes

DEAFE-2

(R-025781-8 2/19)

ITEM 2.	CODE OF ETHICS
	As of the end of the period covered by this report, the registrant has adopted a code of ethics, as defined in Item 2 of Form N-CSR that applies to its Principal Executive Officer and Principal Financial Officer. There have been no amendments to, or waivers from, a provision of the code of ethics during the period covered by this report that would require disclosure under Item 2. A copy of the code of ethics is filed as an exhibit to this Form N-CSR.
ITEM 3.	AUDIT COMMITTEE FINANCIAL EXPERT
	The fund’s audit committee is comprised solely of trustees who are "independent" (as such term has been defined by the Securities and Exchange Commission ("SEC") in regulations implementing Section 407 of the Sarbanes-Oxley Act (the "Regulations")). The fund’s Board of Trustees has determined that there are several "audit committee financial experts" (as such term has been defined by the Regulations) serving on the fund’s audit committee including Mr. William McClayton, the chair of the fund’s audit committee.  An “audit committee financial expert” is not an “expert” for any purpose, including for purposes of Section 11 of the Securities Act of 1933 and the designation or identification of a person as an “audit committee financial expert” does not impose on such person any duties, obligations or liability that are greater than the duties, obligations and liability imposed on such person as a member of the audit committee and board of directors in the absence of such designation or identification.
ITEM 4.	PRINCIPAL ACCOUNTANT FEES AND SERVICES

DWS EAFE EQuity Index Fund
form n-csr disclosure re: AUDIT FEES

The following table shows the amount of fees that PricewaterhouseCoopers, LLP (“PWC”), the Fund’s independent registered public accounting firm, billed to the Fund during the Fund’s last two fiscal years. The Audit Committee approved in advance all audit services and non-audit services that PWC provided to the Fund.

Services that the Fund’s Independent Registered Public Accounting Firm Billed to the Fund

Fiscal Year Ended December 31,	Audit Fees Billed to Fund	Audit-Related Fees Billed to Fund	Tax Fees Billed to Fund	All Other Fees Billed to Fund
2018	$75,422	$0	$0	$0
2017	$74,307	$0	$0	$0

Services that the Fund’s Independent Registered Public Accounting Firm Billed to the Adviser and Affiliated Fund Service Providers

The following table shows the amount of fees billed by PWC to DWS Investment Management Americas Inc. (“DIMA” or the “Adviser”), and any entity controlling, controlled by or under common control with DIMA (“Control Affiliate”) that provides ongoing services to the Fund (“Affiliated Fund Service Provider”), for engagements directly related to the Fund’s operations and financial reporting, during the Fund’s last two fiscal years.

Fiscal Year Ended December 31,	Audit-Related Fees Billed to Adviser and Affiliated Fund Service Providers	Tax Fees Billed to Adviser and Affiliated Fund Service Providers	All Other Fees Billed to Adviser and Affiliated Fund Service Providers
2018	$0	$0	$0
2017	$0	$0	$0

Non-Audit Services

The following table shows the amount of fees that PWC billed during the Fund’s last two fiscal years for non-audit services. The Audit Committee pre-approved all non-audit services that PWC provided to the Adviser and any Affiliated Fund Service Provider that related directly to the Fund’s operations and financial reporting. The Audit Committee requested and received information from PWC about any non-audit services that PWC rendered during the Fund’s last fiscal year to the Adviser and any Affiliated Fund Service Provider. The Committee considered this information in evaluating PWC’s independence.

Fiscal Year Ended December 31,	Total Non-Audit Fees Billed to Fund (A)	Total Non-Audit Fees billed to Adviser and Affiliated Fund Service Providers (engagements related directly to the operations and financial reporting of the Fund) (B)	Total Non-Audit Fees billed to Adviser and Affiliated Fund Service Providers (all other engagements) (C)	Total of (A), (B) and (C)
2018	$0	$0	$0	$0
2017	$0	$0	$0	$0

Audit Committee Pre-Approval Policies and Procedures. Generally, each Fund’s Audit Committee must pre approve (i) all services to be performed for a Fund by a Fund’s Independent Registered Public Accounting Firm and (ii) all non-audit services to be performed by a Fund’s Independent Registered Public Accounting Firm for the DIMA Entities with respect to operations and financial reporting of the Fund, except that the Chairperson or Vice Chairperson of each Fund’s Audit Committee may grant the pre-approval for non-audit services described in items (i) and (ii) above for non-prohibited services for engagements of less than $100,000. All such delegated pre approvals shall be presented to each Fund’s Audit Committee no later than the next Audit Committee meeting.

There were no amounts that were approved by the Audit Committee pursuant to the de minimis exception under Rule 2-01 of Regulation S-X.

According to the registrant’s principal Independent Registered Public Accounting Firm, substantially all of the principal Independent Registered Public Accounting Firm's hours spent on auditing the registrant's financial statements were attributed to work performed by full-time permanent employees of the principal Independent Registered Public Accounting Firm.

***

In connection with the audit of the 2017 and 2018 financial statements, the Fund entered into an engagement letter with PwC. The terms of the engagement letter required by PwC, and agreed to by the Fund’s Audit Committee, include a provision mandating the use of mediation and arbitration to resolve any controversy or claim between the parties arising out of or relating to the engagement letter or the services provided there-under.

***

Pursuant to PCAOB Rule 3526, PwC is required to describe in writing to the Fund’s Audit Committee, on at least an annual basis, all relationships between PwC, or any of its affiliates, and the DWS Funds, including the Fund, or persons in financial reporting oversight roles at the DWS Funds that, as of the date of the communication, may reasonably be thought to bear on PwC’s independence. Pursuant to PCAOB Rule 3526, PwC has reported the matters set forth below that may reasonably be thought to bear on PwC’s independence. In its PCAOB Rule 3526 communications to the Audit Committee, PwC affirmed that they are independent accountants with respect to the DWS Funds, within the meaning of PCAOB Rule 3520. PwC also informed the Audit Committee that they concluded that a reasonable investor with knowledge of all relevant facts and circumstances would conclude that PwC is capable of exercising objective and impartial judgment on all issues encompassed within PwC’s audit of the financial statements of the Fund. Finally, PwC confirmed to the Audit Committee that they can continue to serve as the independent registered public accounting firm for the Fund.

· PwC advised the Fund’s Audit Committee that covered persons within PwC that provided non-audit services to entities within the DWS Funds “investment company complex” (as defined in Regulation S-X) (the “DWS Funds Complex”) maintained financial relationships with investment companies within the DWS Funds Complex. PwC informed the Audit Committee that these financial relationships were inconsistent with Rule 2-01(c)(1) of Regulation S-X. PwC reported that the breaches have been resolved and that, among other things, the breaches (i) did not involve professionals who were part of the audit engagement team for the Fund or in a position to influence the audit engagement team, (ii) involved professionals whose non-audit services were not and will not be utilized or relied upon by the audit engagement team in the audit of the financial statements of the Fund and (iii) involved professionals that did not provide any consultation to the audit engagement team of the Fund.

· PwC advised the Fund’s Audit Committee of certain lending relationships of PwC with owners of greater than 10% of the shares of certain investment companies within the DWS Funds Complex that PwC had identified as inconsistent with Rule 2-01(c)(l)(ii)(A) of Regulation S-X (referred to as the “Loan Rule”). The Loan Rule specifically provides that an accounting firm would not be independent if it receives a loan from a lender that is a record or beneficial owner of more than ten percent of an audit client’s equity securities. For purposes of the Loan Rule, an audit client includes the Fund as well as all other investment companies in the DWS Funds Complex. PwC’s lending relationships affect PwC’s independence under the Loan Rule with respect to all investment companies in the DWS Funds Complex.

PwC stated that, in each lending relationship, (i) PwC believes that it is unlikely the lenders would have any interest in the outcome of the audit of the Fund and therefore would not seek to influence the outcome of the audit, (ii) no third party made an attempt to influence the outcome of the audit of the Fund and even if an attempt was made, PwC professionals are required to disclose any relationships that may raise issues about objectivity, confidentiality, independence, conflicts of interest or favoritism, and (iii) the lenders typically lack influence over the investment adviser, who controls the management of the Fund. In addition, on June 20, 2016, the SEC Staff issued a “no-action” letter to another mutual fund complex, Fidelity Management & Research Company et al., SEC Staff No-Action Letter (June 20, 2016) (the “Fidelity Letter”), related to similar Loan Rule issues as those described above. In the Fidelity Letter, the SEC Staff confirmed that it would not recommend enforcement action against an investment company that relied on the audit services performed by an audit firm that was not in compliance with the Loan Rule in certain specified circumstances. With respect to each lending relationship identified by PwC, the circumstances described in the Fidelity Letter appear to be substantially similar to the circumstances that affected PwC’s independence under the Loan Rule with respect to the Fund. PwC represented that they have complied with PCAOB Rule 3526(b)(1) and (2), which are conditions to the Fund relying on the no action letter, and affirmed that they are independent accountants within the meaning of PCAOB Rule 3520.

ITEM 5.	AUDIT COMMITTEE OF LISTED REGISTRANTS
	Not applicable
ITEM 6.	SCHEDULE OF INVESTMENTS
	Not applicable
ITEM 7.	DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES
	Not applicable
ITEM 8.	PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES
	Not applicable
ITEM 9.	PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS
	Not applicable
ITEM 10.	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 11.	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 second fiscal quarter of 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 12.	Disclosure of Securities Lending Activities for Closed-End Management Investment Companies
	Not applicable
ITEM 13.	EXHIBITS
	(a)(1)	Code of Ethics pursuant to Item 2 of Form N-CSR is filed and attached hereto as EX-99.CODE ETH.
	(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:	DWS EAFE® Equity Index Fund, a series of Deutsche DWS Institutional Funds
By:	/s/Hepsen Uzcan Hepsen Uzcan President
Date:	3/1/2019

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 President
Date:	3/1/2019
By:	/s/Diane Kenneally Diane Kenneally Chief Financial Officer and Treasurer
Date:	3/1/2019

EX-99.CERT

DWS

Principal Executive and Principal Financial Officer Code of Ethics

For the Registered Management Investment Companies Listed on Appendix A

Effective Date

January 31, 2005

Date Last Approved

July 11, 2018 – DWS Funds

July 27, 2018 – Germany Funds

Revised

July 2, 2018

Revised Appendix A

July 2, 2018

Table of Contents

I.   Overview	3
II.   Purposes of the Officer Code	3
III.   Responsibilities of Covered Officers	4
A.   Honest and Ethical Conduct	4
B.   Conflicts of Interest	4
C.   Use of Personal Fund Shareholder Information	6
D.   Public Communications	6
E.   Compliance with Applicable Laws, Rules and Regulations	6
IV.   Violation Reporting	7
A.   Overview	7
B.   How to Report	7
C.   Process for Violation Reporting to the Fund Board	7
D.   Sanctions for Code Violations	7
V.   Waivers from the Officer Code	8
VI.   Amendments to the Code	8
VII.   Acknowledgement and Certification of Adherence to the Officer Code	8
IX.   Recordkeeping	9
X.   Confidentiality	9
Appendices	10
Appendix A:  List of Officers Covered under the Code, by Board	10
Appendix B:  Officer Code Acknowledgement and Certification Form	11
Appendix C:  Definitions	13

I. Overview

This Principal Executive Officer and Principal Financial Officer Code of Ethics (“Officer Code”) sets forth the policies, practices, and values expected to be exhibited in the conduct of the Principal Executive Officers and Principal Financial Officers of the investment companies (each a “Fund” and together, the “Funds”) they serve (“Covered Officers”). A list of Covered Officers and Funds is included on Appendix A.

The Boards of the Funds listed on Appendix A have elected to implement the Officer Code, pursuant to Section 406 of the Sarbanes-Oxley Act of 2002 and the SEC’s rules thereunder, to promote and demonstrate honest and ethical conduct in their Covered Officers.

DWS represents the asset management activities conducted by DWS Investment Management Americas, Inc., Deutsche Asset Management International GmbH or their affiliates that may serve as investment adviser to each Fund. All Covered Officers are also employees of DWS. Thus, in addition to adhering to the Officer Code, these individuals must comply with DWS policies and procedures, such as the DWS Code of Ethics governing personal trading activities, as adopted pursuant to Rule 17j-1 under the Investment Company Act of 1940.^[1] In addition, such individuals also must comply with other applicable Fund policies and procedures.

The DWS Compliance Officer, who shall not be a Covered Officer and who shall serve as such subject to the approval of the Fund’s Board (or committee thereof), is primarily responsible for implementing and enforcing this Code. The DWS Compliance Officer has the authority to interpret this Officer Code and its applicability to particular circumstances. Any questions about the Officer Code should be directed to the DWS Compliance Officer.

The DWS Compliance Officer and his or her contact information can be found in Appendix A.

II. Purposes of the Officer Code

The purposes of the Officer Code are to deter wrongdoing and to:

· promote honest and ethical conduct among Covered Officers, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships;

· promote full, fair, accurate, timely and understandable disclosures in reports and documents that the Funds file with or submit to the SEC (and in other public communications from the Funds) and that are within the Covered Officer’s responsibilities;

· promote compliance with applicable laws, rules and regulations;

· encourage the prompt internal reporting of violations of the Officer Code to the DWS Compliance Officer; and

· establish accountability for adherence to the Officer Code.

Any questions about the Officer Code should be referred to the DWS Compliance Officer.

III. Responsibilities of Covered Officers

A.Honest and Ethical Conduct

It is the duty of every Covered Officer to encourage and demonstrate honest and ethical conduct, as well as adhere to and require adherence to the Officer Code and any other applicable policies and procedures designed to promote this behavior. Covered Officers must at all times conduct themselves with integrity and distinction, putting first the interests of the Fund(s) they serve. Covered Officers must be honest and candid while maintaining confidentiality of information where required by law, DWS policy or Fund policy.

Covered Officers also must, at all times, act in good faith, responsibly and with due care, competence and diligence, without misrepresenting or being misleading about material facts or allowing their independent judgment to be subordinated. Covered Officers also should maintain skills appropriate and necessary for the performance of their duties for the Fund(s). Covered Officers also must responsibly use and control all Fund assets and resources entrusted to them.

Covered Officers may not retaliate against others for, or otherwise discourage the reporting of, actual or apparent violations of the Officer Code or applicable laws or regulations. Covered Officers should create an environment that encourages the exchange of information, including concerns of the type that this Code is designed to address.

B.Conflicts of Interest

A “conflict of interest” occurs when a Covered Officer’s personal interests interfere with the interests of the Fund for which he or she serves as an officer. Covered Officers may not improperly use their position with a Fund for personal or private gain to themselves, their family, or any other person. Similarly, Covered Officers may not use their personal influence or personal relationships to influence decisions or other Fund business or operational matters where they would benefit personally at the Fund’s expense or to the Fund’s detriment. Covered Officers may not cause the Fund to take action, or refrain from taking action, for their personal benefit at the Fund’s expense or to the Fund’s detriment. Some examples of conflicts of interest follow (this is not an all-inclusive list): being in the position of supervising, reviewing or having any influence on the job evaluation, pay or benefit of any immediate family member who is an employee of a Fund service provider or is otherwise associated with the Fund; or having an ownership interest in, or having any consulting or employment relationship with, any Fund service provider other than DWS or its affiliates.

Certain conflicts of interest covered by this Code arise out of the relationships between Covered Officers and the Fund that already are subject to conflict of interest provisions in the Investment Company Act and the Investment Advisers Act. For example, Covered Officers may not individually engage in certain transactions (such as the purchase or sale of securities or other property) with the Fund because of their status as “affiliated persons” of the Fund. Covered Officers must comply with applicable laws and regulations. Therefore, any violations of existing statutory and regulatory prohibitions on individual behavior could be considered a violation of this Code.

As to conflicts arising from, or as a result of the advisory relationship (or any other relationships) between the Fund and DWS, of which the Covered Officers are also officers or employees, it is recognized by the Board that, subject to DWS’s fiduciary duties to the Fund, the Covered Officers will in the normal course of their duties (whether formally for the Fund or for DWS, or for both) be involved in establishing policies and implementing decisions which will have different effects on DWS and the Fund. The Board recognizes that the participation of the Covered Officers in such activities is inherent in the contract relationship between the Fund and DWS, and is consistent with the expectation of the Board of the performance by the Covered Officers of their duties as officers of the Fund.

Covered Officers should avoid actual conflicts of interest, and appearances of conflicts of interest, between the Covered Officer’s duties to the Fund and his or her personal interests beyond those contemplated or anticipated by applicable regulatory schemes. If a Covered Officer suspects or knows of a conflict or an appearance of one, the Covered Officer must immediately report the matter to the DWS Compliance Officer. If a Covered Officer, in lieu of reporting such a matter to the DWS Compliance Officer, may report the matter directly to the Fund’s Board (or committee thereof), as appropriate (e.g., if the conflict involves the DWS Compliance Officer or the Covered Officer reasonably believes it would be futile to report the matter to the DWS Compliance Officer).

When actual, apparent or suspected conflicts of interest arise in connection with a Covered Officer, DWS personnel aware of the matter should promptly contact the DWS Compliance Officer. There will be no reprisal or retaliation against the person reporting the matter.

Upon receipt of a report of a possible conflict, the DWS Compliance Officer will take steps to determine whether a conflict exists. In so doing, the DWS Compliance Officer may take any actions he or she determines to be appropriate in his or her sole discretion and may use all reasonable resources, including retaining or engaging legal counsel, accounting firms or other consultants, subject to applicable law.^[2] The costs associated with such actions may be borne by the Fund, if appropriate, after consultation with the Fund’s Board (or committee thereof). Otherwise, such costs will be borne by DWS or other appropriate Fund service provider.

After full review of a report of a possible conflict of interest, the DWS Compliance Officer may determine that no conflict or reasonable appearance of a conflict exists. If, however, the DWS Compliance Officer determines that an actual conflict exists, the Compliance Officer will resolve the conflict solely in the interests of the Fund, and will report the conflict and its resolution to the Fund’s Board (or committee thereof). If the DWS Compliance Officer determines that the appearance of a conflict exists, the DWS Compliance Officer will take appropriate steps to remedy such appearance. In lieu of determining whether a conflict exists and/or resolving a conflict, the DWS Compliance Officer instead may refer the matter to the Fund’s Board (or committee thereof), as appropriate. However, the DWS Compliance Officer must refer the matter to the Fund’s Board (or committee thereof) if the DWS Compliance Officer is directly involved in the conflict or under similar appropriate circumstances.

After responding to a report of a possible conflict of interest, the DWS Compliance Officer will discuss the matter with the person reporting it (and with the Covered Officer at issue, if different) for purposes of educating those involved on conflicts of interests (including how to detect and avoid them, if appropriate).

Appropriate resolution of conflicts may restrict the personal activities of the Covered Officer and/or his family, friends or other persons.

Solely because a conflict is disclosed to the DWS Compliance Officer (and/or the Board or Committee thereof) and/or resolved by the DWS Compliance Officer does not mean that the conflict or its resolution constitutes a waiver from the Code’s requirements.

Any questions about conflicts of interests, including whether a particular situation might be a conflict or an appearance of one, should be directed to the DWS Compliance Officer.

C.Use of Personal Fund Shareholder Information

A Covered Officer may not use or disclose personal information about Fund shareholders, except in the performance of his or her duties for the Fund. Each Covered Officer also must abide by the Funds’ and DWS’s privacy policies under SEC Regulation S-P.

D.Public Communications

In connection with his or her responsibilities for or involvement with a Fund’s public communications and disclosure documents (e.g., shareholder reports, registration statements, press releases), each Covered Officer must provide information to Fund service providers (within the DWS organization or otherwise) and to the Fund’s Board (and any committees thereof), independent auditors, government regulators and self-regulatory organizations that is fair, accurate, complete, objective, relevant, timely and understandable.

Further, within the scope of their duties, Covered Officers having direct or supervisory authority over Fund disclosure documents or other public Fund communications will, to the extent appropriate within their area of responsibility, endeavor to ensure full, fair, timely, accurate and understandable disclosure in Fund disclosure documents. Such Covered Officers will oversee, or appoint others to oversee, processes for the timely and accurate creation and review of all public reports and regulatory filings. Within the scope of his or her responsibilities as a Covered Officer, each Covered Officer also will familiarize himself or herself with the disclosure requirements applicable to the Fund, as well as the business and financial operations of the Fund. Each Covered Officer also will adhere to, and will promote adherence to, applicable disclosure controls, processes and procedures, including DWS’s Disclosure Controls and Procedures, which govern the process by which Fund disclosure documents are created and reviewed.

To the extent that Covered Officers participate in the creation of a Fund’s books or records, they must do so in a way that promotes the accuracy, fairness and timeliness of those records.

E.Compliance with Applicable Laws, Rules and Regulations

In connection with his or her duties and within the scope of his or her responsibilities as a Covered Officer, each Covered Officer must comply with governmental laws, rules and regulations, accounting standards, and Fund policies/procedures that apply to his or her role, responsibilities and duties with respect to the Funds (“Applicable Laws”). These requirements do not impose on Covered Officers any additional substantive duties. Additionally, Covered Officers should promote compliance with Applicable Laws.

If a Covered Officer knows of any material violations of Applicable Laws or suspects that such a violation may have occurred, the Covered Officer is expected to promptly report the matter to the DWS Compliance Officer.

IV. Violation Reporting

A.Overview

Each Covered Officer must promptly report to the DWS Compliance Officer, and promote the reporting of, any known or suspected violations of the Officer Code. Failure to report a violation may be a violation of the Officer Code.

Examples of violations of the Officer Code include, but are not limited to, the following:

· Unethical or dishonest behavior

· Obvious lack of adherence to policies surrounding review and approval of public communications and regulatory filings

· Failure to report violations of the Officer Code

· Known or obvious deviations from Applicable Laws

· Failure to acknowledge and certify adherence to the Officer Code

The DWS Compliance Officer has the authority to take any and all action he or she considers appropriate in his or her sole discretion to investigate known or suspected Code violations, including consulting with the Fund’s Board, the independent Board members, a Board committee, the Fund’s legal counsel and/or counsel to the independent Board members. The Compliance Officer also has the authority to use all reasonable resources to investigate violations, including retaining or engaging legal counsel, accounting firms or other consultants, subject to applicable law.^[3] The costs associated with such actions may be borne by the Fund, if appropriate, after consultation with the Fund’s Board (or committee thereof). Otherwise, such costs will be borne by DWS.

B. How to Report

Any known or suspected violations of the Officer Code must be promptly reported to the DWS Compliance Officer.

C. Process for Violation Reporting to the Fund Board

The DWS Compliance Officer will promptly report any violations of the Code to the Fund’s Board (or committee thereof).

D. Sanctions for Code Violations

Violations of the Code will be taken seriously. In response to reported or otherwise known violations, DWS and the relevant Fund’s Board may impose sanctions within the scope of their respective authority over the Covered Officer at issue. Sanctions imposed by DWS could include termination of employment. Sanctions imposed by a Fund’s Board could include termination of association with the Fund.

V. Waivers from the Officer Code

A Covered Officer may request a waiver from the Officer Code by transmitting a written request for a waiver to the DWS Compliance Officer.^[4] The request must include the rationale for the request and must explain how the waiver would be in furtherance of the standards of conduct described in and underlying purposes of the Officer Code. The DWS Compliance Officer will present this information to the Fund’s Board (or committee thereof). The Board (or committee) will determine whether to grant the requested waiver. If the Board (or committee) grants the requested waiver, the DWS Compliance Officer thereafter will monitor the activities subject to the waiver, as appropriate, and will promptly report to the Fund’s Board (or committee thereof) regarding such activities, as appropriate.

The DWS Compliance Officer will coordinate and facilitate any required public disclosures of any waivers granted or any implicit waivers.

VI. Amendments to the Code

The DWS Compliance Officer will review the Officer Code from time to time for its continued appropriateness and will propose any amendments to the Fund’s Board (or committee thereof) on a timely basis. In addition, the Board (or committee thereof) will review the Officer Code at least annually for its continued appropriateness and may amend the Code as necessary or appropriate.

The DWS Compliance Officer will coordinate and facilitate any required public disclosures of Code amendments.

VII. Acknowledgement and Certification of Adherence to the Officer Code

Each Covered Officer must sign a statement upon appointment as a Covered Officer and annually thereafter acknowledging that he or she has received and read the Officer Code, as amended or updated, and confirming that he or she has complied with it (see Appendix B: Acknowledgement and Certification of Obligations Under the Officer Code).

Understanding and complying with the Officer Code and truthfully completing the Acknowledgement and Certification Form is each Covered Officer’s obligation.

The DWS Compliance Officer will maintain such Acknowledgements in the Fund’s books and records.

VIII. Scope of Responsibilities

A Covered Officer’s responsibilities under the Officer Code are limited to:

(1) Fund matters over which the Officer has direct responsibility or control, matters in which the Officer routinely participates, and matters with which the Officer is otherwise involved (i.e., matters within the scope of the Covered Officer’s responsibilities as a Fund officer); and

(2) Fund matters of which the Officer has actual knowledge.

IX. Recordkeeping

The DWS Compliance Officer will create and maintain appropriate records regarding the implementation and operation of the Officer Code, including records relating to conflicts of interest determinations and investigations of possible Code violations.

X. Confidentiality

All reports and records prepared or maintained pursuant to this Officer Code shall be considered confidential and shall be maintained and protected accordingly. Except as otherwise required by law or this Officer Code, such matters shall not be disclosed to anyone other than the DWS Compliance Officer, the Fund’s Board (or committee thereof), legal counsel, independent auditors, and any consultants engaged by the Compliance Officer.

Appendices

Appendix A:

List of Officers Covered under the Code, by Board:

Fund Board	Principal Executive Officer	Principal Financial Officer	Treasurer
DWS Funds	Hepsen Uzcan	Diane Kenneally	Diane Kenneally
Germany Funds*	Hepsen Uzcan	Diane Kenneally	Diane Kenneally

* The Central and Eastern Europe Fund, Inc., The European Equity Fund, Inc. and

The New Germany Fund, Inc.

DWS Compliance Officer:

Eileen Winkler

Head of Employee Compliance Americas

Phone: (212) 250-1544

Email: eileen.winkler@db.com

As of: July 2, 2018

Appendix B: Acknowledgement and Certification

Initial Acknowledgement and Certification

of Obligations Under the Officer Code

Print Name Department Location Telephone

1. I acknowledge and certify that I am a Covered Officer under the DWS Principal Executive and Financial Officer Code of Ethics (“Officer Code”), and therefore subject to all of its requirements and provisions.

2. I have received and read the Officer Code and I understand the requirements and provisions set forth in the Officer Code.

3. I have disclosed any conflicts of interest of which I am aware to the DWS Compliance Officer.

4. I will act in the best interest of the Funds for which I serve as an officer and have maintained the confidentiality of personal information about Fund shareholders.

5. I will report any known or suspected violations of the Officer Code in a timely manner to the DWS Compliance Officer.

______________________________ ____________________

Signature Date

Annual Acknowledgement and Certification

of Obligations Under the Officer Code

Print Name Department Location Telephone

1. I acknowledge and certify that I am a Covered Officer under the DWS Principal Executive and Financial Officer Code of Ethics (“Officer Code”), and therefore subject to all of its requirements and provisions.

2. I have received and read the Officer Code, and I understand the requirements and provisions set forth in the Officer Code.

3. I have adhered to the Officer Code.

4. I have not knowingly been a party to any conflict of interest, nor have I had actual knowledge about actual or apparent conflicts of interest that I did not report to the DWS Compliance Officer in accordance with the Officer Code’s requirements.

5. I have acted in the best interest of the Funds for which I serve as an officer and have maintained the confidentiality of personal information about Fund shareholders.

6. With respect to the duties I perform for the Fund as a Fund officer, I believe that effective processes are in place to create and file public reports and documents in accordance with applicable regulations.

7. With respect to the duties I perform for the Fund as a Fund officer, I have complied to the best of my knowledge with all Applicable Laws (as that term is defined in the Officer Code) and have appropriately monitored those persons under my supervision for compliance with Applicable Laws.

8. I have reported any known or suspected violations of the Officer Code in a timely manner to the DWS Compliance Officer.

______________________________ ____________________

Signature Date

Appendix C: Definitions

Principal Executive Officer

Individual holding the office of President of the Fund or series of Funds, or a person performing a similar function.

Principal Financial Officer

Individual holding the office of Treasurer of the Fund or series of Funds, or a person performing a similar function.

Registered Investment Management Investment Company

Registered investment companies other than a face-amount certificate company or a unit investment trust.

Waiver

A waiver is an approval of an exemption from a Code requirement.

Implicit Waiver

An implicit waiver is the failure to take action within a reasonable period of time regarding a material departure from a requirement or provision of the Officer Code that has been made known to the DWS Compliance Officer or the Fund’s Board (or committee thereof).

^[1] The obligations imposed by the Officer Code are separate from, and in addition to, any obligations imposed under codes of ethics adopted pursuant to Rule 17j-1 under the Investment Company Act of 1940, and any other code of conduct applicable to Covered Officers in whatever capacity they serve. The Officer Code does not incorporate any of those other codes and, accordingly, violations of those codes will not necessarily be considered violations of the Officer Code and waivers granted under those codes would not necessarily require a waiver to be granted under this Code. Sanctions imposed under those codes may be considered in determining appropriate sanctions for any violation of this Code.

^[2] For example, retaining a Fund’s independent accounting firm may require pre-approval by the Fund’s audit committee.

^[3] For example, retaining a Fund’s independent accounting firm may require pre-approval by the Fund’s audit committee.

^[4] Of course, it is not a waiver of the Officer Code if the Fund’s Board (or committee thereof) determines that a matter is not a deviation from the Officer Code’s requirements or is otherwise not covered by the Code.

EX-99.CERT

President

Form N-CSR Certification under Sarbanes Oxley Act

I, Hepsen Uzcan, certify that:

1)	I have reviewed this report, filed on behalf of DWS EAFE® Equity Index Fund, a series of Deutsche DWS Institutional Funds, on Form N-CSR;
2)	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3)	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;
4)	The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
	a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c)	Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and
	d)	Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5)	The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
	a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
	b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

3/1/2019	/s/Hepsen Uzcan
	Hepsen Uzcan
	President

Chief Financial Officer and Treasurer

Form N-CSR Certification under Sarbanes Oxley Act

I, Diane Kenneally, certify that:

1)	I have reviewed this report, filed on behalf of DWS EAFE® Equity Index Fund, a series of Deutsche DWS Institutional Funds, on Form N-CSR;
2)	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3)	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;
4)	The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
	a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c)	Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and
	d)	Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5)	The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
	a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
	b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting

3/1/2019	/s/Diane Kenneally
	Diane Kenneally
	Chief Financial Officer and Treasurer

EX-99.906 CERT

President

Section 906 Certification under Sarbanes Oxley Act

I, Hepsen Uzcan, certify that:

1.	I have reviewed this report, filed on behalf of DWS EAFE® Equity Index Fund, a series of Deutsche DWS Institutional Funds, on Form N-CSR;
2.	Based on my knowledge and pursuant to 18 U.S.C. § 1350, the periodic report on Form N-CSR (the “Report”) fully complies with the requirements of § 13 (a) or § 15 (d), as applicable, of the Securities Exchange Act of 1934 and that the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

3/1/2019	/s/Hepsen Uzcan
	Hepsen Uzcan
	President

Chief Financial Officer and Treasurer

Section 906 Certification under Sarbanes Oxley Act

I, Diane Kenneally, certify that:

1.	I have reviewed this report, filed on behalf of DWS EAFE® Equity Index Fund, a series of Deutsche DWS Institutional Funds, on Form N-CSR;
2.	Based on my knowledge and pursuant to 18 U.S.C. § 1350, the periodic report on Form N-CSR (the “Report”) fully complies with the requirements of § 13 (a) or § 15 (d), as applicable, of the Securities Exchange Act of 1934 and that the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

3/1/2019	/s/Diane Kenneally
	Diane Kenneally
	Chief Financial Officer and Treasurer