Morningstar® Investment Profile™   Morningstar®
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DWS Alternative Asset Allocation VIP A
Release date as of 2022-05-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
What is this?
As of 2022-05-31
Out of 125
Multistrategy Funds
Style Box™
What is this?
As of 2022-04-30
As of 2022-04-30
Total Fund Assets ($ Mil)
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks capital appreciation.
The fund seeks to achieve its objective by investing in alternative (or non-traditional) investment strategies. Investments may be made in other DWS Funds (i.e., mutual funds, exchange-traded funds (ETFs) and other pooled investment vehicles managed by DWS Investment Management Americas Inc., the fund's investment advisor, or one of its affiliates), or directly in the securities and derivative instruments in which such DWS Fund could invest.
  Morningstar Category: Multistrategy
Multistrategy portfolios offer investors exposure to two or more alternative investment strategies, as defined by Morningstar’s alternative category classifications, through either a single-manager or multi-manager approach. Funds in this category typically have a majority of their assets exposed to alternative strategies, but at a minimum, alternatives must comprise greater than 30% of the strategy’s gross exposure. The category includes funds with static allocations to alternative strategies as well as those that tactically adjust their exposure to different alternative strategies and asset classes. Multistrategy funds typically aim to have low to modest sensitivity to traditional market indexes, although that may not be the case for strategies with lower alternatives allocations. 
  Investment Risks
Fund of Funds: An investment option with mutual funds in its portfolio may be subject to the expenses of those mutual funds in addition to those of the investment option itself.
  Portfolio Profile
Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 17.8
Bullet Non-U.S. Stocks Non-U.S. Stocks 9.1
Bullet Bonds Bonds 32.8
Bullet Cash Cash 27.1
Bullet Other Other 13.2
Asset Allocation Rescaled Graph
Data through 2022-04-30
Morningstar Equity Sectors
% of Stocks
Cyclical 42.05
Basic Materials 0.40
Consumer Cyclical 0.52
Financial Services 1.64
Real Estate 39.49
Sensitive 29.26
Communication Services 4.39
Energy 12.28
Industrials 10.64
Technology 1.95
Defensive 28.70
Consumer Defensive 0.59
Healthcare 3.26
Utilities 24.85
Data through 2022-04-30
Morningstar Fixed-Income Sectors
% Fund
Government 23.17
Corporate 37.24
Securitized 2.24
Municipal 0.00
Cash & Equivalents 37.35
Other 0.00
Data through 2022-04-30
Credit Analysis
% Bonds
AAA 29.88
AA 3.50
A 5.28
BBB 11.95
BB 12.58
B 31.96
Below B 3.13
Not Rated 1.72
Data through 2022-04-30
Credit Analysis Graph
Holding Status
Total Number of Stock Holdings 0
Total Number of Bond Holdings 0
% of Net Assets in Top 10 Holdings 90.27
Turnover % (as of 2021-12-31) 19.00
30 Day SEC Yield % 0.00
Top Holdings
Sector Country Maturity Date Market Value ($000) % of Net Assets
DWS Enhanced Commodity Strategy Inst --- USA --- 95,549 20.48
DWS RREEF Global Infrastructure Inst --- USA --- 57,744 12.38
DWS ESG Liquidity Institutional --- USA --- 53,565 11.48
SPDR® Blmbg Convert Secs ETF --- USA --- 47,690 10.22
DWS Floating Rate Inst --- USA --- 39,604 8.49
DWS RREEF Real Estate Securities Instl --- USA --- 39,602 8.49
DWS Global Macro Inst --- USA --- 32,041 6.87
DWS Emerging Markets Fixed Income Inst --- USA --- 20,656 4.43
iShares JP Morgan USD Em Mkts Bd ETF --- USA --- 19,086 4.09
iShares Preferred&Income Securities ETF --- USA --- 15,593 3.34
Data through 2022-04-30
  Principal Risks   
Lending, Credit and Counterparty, Extension, Inflation/Deflation, Inflation-Protected Securities, Prepayment (Call), Currency, Emerging Markets, Foreign Securities, Loss of Money, Not FDIC Insured, Country or Region, Nondiversification, Interest Rate, Market/Market Volatility, Bank Loans, Commodity, Convertible Securities, Equity Securities, ETF, High-Yield Securities, Industry and Sector Investing, Preferred Stocks, Restricted/Illiquid Securities, Underlying Fund/Fund of Funds, U.S. Federal Tax Treatment, Leverage, Pricing, ETN, Management, Portfolio Diversification, Small Cap, Real Estate/REIT Sector
Show Risk Definitions
  Other Information
Inception Date: 2009-02-02
Portfolio Manager(s)
Dokyoung Lee   (2018-12-06)
Mr. Lee joined DWS in 2018 with 24 years of industry experience. Before joining, he co-managed group funds at the global multi-asset group at Oppenheimer Funds. Prior to that, he held a series of research and portfolio management leadership positions at AllianceBernstein in asset allocation and various value equity strategies including emerging markets, Japanese and U.S. equities He earned BS in Electrical Engineering & Computer Science from Princeton University; CFA Charterholder.
Darwei Kung   (2013-07-12)
Darwei Kung, Managing Director, has joined Deutsche Asset Management in 2006. Previously he has worked as a Director, Engineering and Business Development at Calpoint LLC from 2001-2004. He holds a BS and MS from University of Washington, Seattle; a MS and MBA from Carnegie Mellon University.
Fabian Degen   (2021-05-10)
Fabian Degen, CFA, Director. ■ Joined DWS in 2007. ■ Portfolio manager for US and Global Value Equity: New York. ■ Bachelor of International Business Administration in Investments and Finance from the International University of Applied Sciences Bad Honnef, Bonn with educational exchanges at the University of Maine (USA).
Investment Advisor(s)
DWS Investment Management Americas, Inc.
RREEF America L.L.C.
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