Morningstar® Investment Profile™   Morningstar® Disclosure   Format for Print DWS Small Cap Index VIP A Release date as of 2024-11-30. Data on page is subject to change. Snapshot Ratings & Risk Portfolio Nuts & Bolts

Morningstar Report Overall Morningstar Rating™ What is this? As of 2024-11-30 Out of 593 Small Blend Funds Morningstar® Style Box™ What is this? As of 2024-10-31 Total Fund Assets ($ Mil) 455.14 View Historical Morningstar Star Ratings and Definitions

Investment Objective & Strategy   The investment seeks to replicate, as closely as possible, before the deduction of expenses, the performance of the Russell 2000® Index, which emphasizes stocks of small U.S. companies. Under normal circumstances, the fund invests at least 80% of its assets, determined at the time of purchase, in stocks of companies included in the Russell 2000 Index® and in derivative instruments, such as stock index futures contracts and options that provide exposure to the stocks of companies in the index. The fund's securities are weighted to attempt to make the fund's total investment characteristics similar to those of the index as a whole.

Morningstar Category: Small Blend Small-blend portfolios favor U.S. firms at the smaller end of the market-capitalization range. Some aim to own an array of value and growth stocks while others employ a discipline that leads to holdings with valuations and growth rates close to the small-cap averages. Stocks in the bottom 10% of the capitalization of the U.S. equity market are defined as small cap. The blend style is assigned to portfolios where neither growth nor value characteristics predominate.

Investment Risks Small Cap Funds: Smaller companies typically have higher risk of failure, and are not as well established as larger blue-chip companies. Historically, the smaller company stocks have experienced a greater degree of market volatility than the overall market average.

Portfolio Profile Asset Allocation % of Net Assets U.S. Stocks 97.4 Non-U.S. Stocks 1.7 Bonds 0.1 Cash 0.9 Other 0.0 Data through 2024-10-31 Morningstar Equity Sectors % of Stocks Cyclical 39.06 Basic Materials 4.93 Consumer Cyclical 9.66 Financial Services 16.84 Real Estate 7.63 Sensitive 37.20 Communication Services 2.24 Energy 5.01 Industrials 15.67 Technology 14.28 Defensive 23.72 Consumer Defensive 3.48 Healthcare 17.38 Utilities 2.86 Data through 2024-10-31 Holding Status Total Number of Stock Holdings 1969 Total Number of Bond Holdings 1 % of Net Assets in Top 10 Holdings 3.88 Turnover % (as of 2023-12-31) 14.00 30 Day SEC Yield % 0.00 Top Holdings Sector P/E % of Net Assets FTAI Aviation Ltd --- 0.52 Sprouts Farmers Market Inc 44.65 0.49 Vaxcyte Inc Ordinary Shares --- 0.48 Insmed Inc --- 0.40 Mueller Industries Inc 15.71 0.35 Fluor Corp 38.71 0.34 Applied Industrial Technologies Inc 28.03 0.34 Fabrinet 27.76 0.33 Ensign Group Inc 35.40 0.32 Revolution Medicines Inc Ordinary Shares --- 0.31 Data through 2024-10-31

Principal Risks    Lending, Credit and Counterparty, Loss of Money, Not FDIC Insured, Nondiversification, Index Correlation/Tracking Error, Market/Market Volatility, Equity Securities, Restricted/Illiquid Securities, Derivatives, Pricing, Management, Passive Management, Small Cap Show Risk Definitions

Other Information Inception Date: 1997-08-22 Portfolio Manager(s) Michael Gleeman   (2024-09-25) Michael Gleeman is a Second Vice President at Northern Trust Bank FSB-New York. He serves as a Domestic Portfolio Manager in Northern Trust Investment.Mike joined Northern Trust in May 2003, working in the New York Operation Team. He was responsible for Domestic and International Client Reporting. He transferred Global Trade Support in November 2004.He obtained a CFA charter in the fall of 2006. He earned a B.A. in Economics from Binghamton University in May 1999. Christopher J. Jaeger   (2024-09-25) Chris J. Jaeger is a Vice President at the Northern Trust Company, Chicago. He is a Portfolio Manager responsible for managing equity index portfolios for large institutional clients, sub-advisory clients, and commingled funds. Prior to his current role, Chris spent time in the Northern Trust GOLD Development Training Program with rotations in equity research, fixed income trading, client servicing in London, and the personal investment management group. Chris spent three years in the New York office after assisting with the integration of the acquired Deutsche Asset Management Index team. Chris received his B.B.A. degree in Finance from the University of Iowa in 2000 and his M.B.A. degree from the Northwestern University Kellogg School of Management in 2009. Chris is an Associated Person with the National Futures Association. Investment Advisor(s) DWS Investment Management Americas, Inc. Issuer DWS Subadvisor(s) Northern Trust Investments Inc

Show Data Definitions © Copyright 2024 Morningstar, Inc. All rights reserved. Morningstar, the Morningstar logo, Morningstar.com, Morningstar Tools are either trademark or service marks of Morningstar, Inc. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or any losses arising from any use of information. Past performance is no guarantee of future performance. Past performance is no guarantee of future results. Returns will vary and shares may be worth more or less than their original cost when sold.