# EDGAR Filing Document

**Accession Number:** 0000764797
**File Stem:** 0001410368-26-055427
**Filing Date:** 2026-5
**Character Count:** 85544
**Document Hash:** e43737979931e316c4cc6eca2da559ce
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-055427.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001410368-26-055427

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DEUTSCHE DWS VARIABLE SERIES I
- **CENTRAL INDEX KEY:** 0000764797

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04257
- **FILM NUMBER:** 261034451

**BUSINESS ADDRESS:**
- **STREET 1:** 875 THIRD AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022-6225
- **BUSINESS PHONE:** 212-454-4500

**MAIL ADDRESS:**
- **STREET 1:** 875 THIRD AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022-6225

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DEUTSCHE VARIABLE SERIES I
- **DATE OF NAME CHANGE:** 20140811

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DWS VARIABLE SERIES I
- **DATE OF NAME CHANGE:** 20060207

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SCUDDER VARIABLE SERIES I
- **DATE OF NAME CHANGE:** 20010501

## Series and Classes Contracts Data

### DWS Global Small Cap VIP (Series ID: S000006246)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000017182 | Class A      |  |

## Nport-Ex

Investment Portfolio**as of March 31, 2026 (Unaudited)** 

**DWS Global Small Cap VIP** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value ($)** |
| **Common Stocks 98.9%** | **Common Stocks 98.9%** |  |
| **Australia 1.9%** | **Australia 1.9%** |  |
| Dyno Nobel Ltd.  | 185390 | &nbsp;&nbsp; 403415 |
| Liontown Ltd.\*  | 250799 | &nbsp;&nbsp; 304333 |
| Orora Ltd.  | 257110 | &nbsp;&nbsp; 337377 |
| Premier Investments Ltd.  | 30667 | &nbsp;&nbsp; 268221 |
| (Cost $1,341,610) |  | &nbsp;&nbsp; **1313346** |
| **Bermuda 0.9%** | **Bermuda 0.9%** |  |
| Essent Group Ltd. (Cost $614,448) | 10674 | &nbsp;&nbsp; **623789** |
| **Canada 2.6%** | **Canada 2.6%** |  |
| Aecon Group, Inc.  | 6740 | &nbsp;&nbsp; 202573 |
| Aurinia Pharmaceuticals, Inc.\*  | 19475 | &nbsp;&nbsp; 288619 |
| Badger Infrastructure Solutions Ltd.  | 6877 | &nbsp;&nbsp; 306699 |
| Finning International, Inc.  | 6180 | &nbsp;&nbsp; 382413 |
| Richelieu Hardware Ltd.  | 5778 | &nbsp;&nbsp; 169631 |
| Russel Metals, Inc.  | 13366 | &nbsp;&nbsp; 461195 |
| (Cost $1,263,921) |  | &nbsp;&nbsp; **1811130** |
| **Denmark 0.5%** | **Denmark 0.5%** |  |
| NKT A/S\* (Cost $271,828) | 2457 | &nbsp;&nbsp; **320484** |
| **Finland 0.4%** | **Finland 0.4%** |  |
| Kemira Oyj (a) (Cost $297,770) | 12664 | &nbsp;&nbsp; **275976** |
| **France 2.8%** | **France 2.8%** |  |
| Eiffage SA  | 9155 | &nbsp;&nbsp; 1407528 |
| Unibail-Rodamco-Westfield (REIT)\*  | 4819 | &nbsp;&nbsp; 534634 |
| (Cost $1,330,525) |  | &nbsp;&nbsp; **1942162** |
| **Germany 1.4%** | **Germany 1.4%** |  |
| HOCHTIEF AG  | 1752 | &nbsp;&nbsp; 793239 |
| Nordex SE\*  | 3856 | &nbsp;&nbsp; 207235 |
| (Cost $610,421) |  | &nbsp;&nbsp; **1000474** |
| **Hong Kong 0.2%** | **Hong Kong 0.2%** |  |
| Man Wah Holdings Ltd. (Cost $157,822) | 268400 | &nbsp;&nbsp; **148384** |
| **Israel 0.1%** | **Israel 0.1%** |  |
| Qualitau Ltd. (Cost $148,746) | 650 | &nbsp;&nbsp; **108130** |
| **Italy 1.5%** | **Italy 1.5%** |  |
| Buzzi SpA  | 15664 | &nbsp;&nbsp; 792998 |
| Maire SpA  | 16891 | &nbsp;&nbsp; 261868 |
| (Cost $555,572) |  | &nbsp;&nbsp; **1054866** |

---

------

---

| | | |
|:---|:---|:---|
| **Japan 6.5%** | **Japan 6.5%** |  |
| Alfresa Holdings Corp.  | 23300 | &nbsp;&nbsp; 374457 |
| BML, Inc.  | 5800 | &nbsp;&nbsp; 148877 |
| Comture Corp.  | 33100 | &nbsp;&nbsp; 304548 |
| Itoham Yonekyu Holdings, Inc. (a) | 13300 | &nbsp;&nbsp; 483153 |
| K&O Energy Group, Inc.  | 11900 | &nbsp;&nbsp; 417135 |
| Kaken Pharmaceutical Co., Ltd.  | 12800 | &nbsp;&nbsp; 335295 |
| Macnica Holdings, Inc. (a) | 20300 | &nbsp;&nbsp; 304419 |
| Mitsubishi Research Institute, Inc.  | 4900 | &nbsp;&nbsp; 145982 |
| Nippon Gas Co., Ltd.  | 13700 | &nbsp;&nbsp; 254417 |
| Seino Holdings Co., Ltd.  | 31300 | &nbsp;&nbsp; 482608 |
| Suzuken Co., Ltd.  | 7400 | &nbsp;&nbsp; 279576 |
| TechMatrix Corp.  | 39800 | &nbsp;&nbsp; 453322 |
| TV Asahi Holdings Corp. (a) | 20600 | &nbsp;&nbsp; 453127 |
| Zenkoku Hosho Co., Ltd.  | 7400 | &nbsp;&nbsp; 147500 |
| (Cost $4,268,321) |  | &nbsp;&nbsp; **4584416** |
| **Jersey 0.2%** | **Jersey 0.2%** |  |
| Novocure Ltd.\* (b) (Cost $186,362) | 13919 | &nbsp;&nbsp; **151717** |
| **Korea 2.3%** | **Korea 2.3%** |  |
| F&F Co., Ltd.  | 10456 | &nbsp;&nbsp; 421661 |
| Han Kuk Carbon Co., Ltd.  | 9465 | &nbsp;&nbsp; 243863 |
| Hansol Chemical Co., Ltd.  | 695 | &nbsp;&nbsp; 119125 |
| MNC Solution Co., Ltd.  | 2012 | &nbsp;&nbsp; 127203 |
| OCI Holdings Co., Ltd.  | 1539 | &nbsp;&nbsp; 193594 |
| TK Corp.  | 13429 | &nbsp;&nbsp; 312346 |
| Wonik Materials Co., Ltd.  | 6288 | &nbsp;&nbsp; 173324 |
| (Cost $1,544,986) |  | &nbsp;&nbsp; **1591116** |
| **Netherlands 0.6%** | **Netherlands 0.6%** |  |
| Akzo Nobel NV  | 3744 | &nbsp;&nbsp; 216212 |
| Pharming Group NV\*  | 132349 | &nbsp;&nbsp; 223752 |
| (Cost $375,155) |  | &nbsp;&nbsp; **439964** |
| **Puerto Rico 1.4%** | **Puerto Rico 1.4%** |  |
| Popular, Inc. (Cost $606,053) | 7297 | &nbsp;&nbsp; **979039** |
| **Spain 0.3%** | **Spain 0.3%** |  |
| Grifols SA (Cost $215,784) | 17934 | &nbsp;&nbsp; **187742** |
| **Sweden 1.1%** | **Sweden 1.1%** |  |
| BioGaia AB "B"  | 13635 | &nbsp;&nbsp; 173494 |
| Cibus Nordic Real Estate AB publ  | 9410 | &nbsp;&nbsp; 141613 |
| Hufvudstaden AB "A" (a) | 16235 | &nbsp;&nbsp; 205847 |
| New Wave Group AB "B"  | 26782 | &nbsp;&nbsp; 274728 |
| (Cost $732,175) |  | &nbsp;&nbsp; **795682** |
| **Switzerland 2.7%** | **Switzerland 2.7%** |  |
| Accelleron Industries AG  | 3540 | &nbsp;&nbsp; 319931 |
| Huber & Suhner AG (Registered)  | 2825 | &nbsp;&nbsp; 626305 |
| International Workplace Group PLC  | 118324 | &nbsp;&nbsp; 275046 |
| Siegfried Holding AG (Registered)  | 6897 | &nbsp;&nbsp; 653089 |
| (Cost $1,540,594) |  | &nbsp;&nbsp; **1874371** |

---

------

---

| | | |
|:---|:---|:---|
| **United Kingdom 5.7%** | **United Kingdom 5.7%** |  |
| Clarkson PLC  | 3068 | &nbsp;&nbsp; 187917 |
| Computacenter PLC  | 10566 | &nbsp;&nbsp; 420462 |
| Drax Group PLC  | 69810 | &nbsp;&nbsp; 821143 |
| Genus PLC  | 9072 | &nbsp;&nbsp; 287125 |
| Greggs PLC  | 12538 | &nbsp;&nbsp; 255015 |
| nVent Electric PLC (c) | 2605 | &nbsp;&nbsp; 308119 |
| Softcat PLC  | 14518 | &nbsp;&nbsp; 235338 |
| TechnipFMC PLC (c) | 21672 | &nbsp;&nbsp; 1498185 |
| (Cost $1,895,575) |  | &nbsp;&nbsp; **4013304** |
| **United States 65.8%** | **United States 65.8%** |  |
| ACM Research, Inc. "A"\*  | 9271 | &nbsp;&nbsp; 364814 |
| Adeia, Inc.  | 41535 | &nbsp;&nbsp; 998086 |
| Affiliated Managers Group, Inc.  | 4495 | &nbsp;&nbsp; 1243767 |
| AH Realty Trust, Inc. (REIT)  | 33913 | &nbsp;&nbsp; 186522 |
| Alcoa Corp.  | 3392 | &nbsp;&nbsp; 224991 |
| Alpha & Omega Semiconductor Ltd.\*  | 7949 | &nbsp;&nbsp; 176150 |
| Ambarella, Inc.\*  | 4507 | &nbsp;&nbsp; 231998 |
| Americold Realty Trust, Inc. (REIT)  | 21462 | &nbsp;&nbsp; 245955 |
| Antero Midstream Corp.  | 13476 | &nbsp;&nbsp; 307253 |
| Apple Hospitality REIT, Inc. (REIT) (a) | 18296 | &nbsp;&nbsp; 210587 |
| Archrock, Inc.  | 4031 | &nbsp;&nbsp; 140279 |
| Ashland, Inc.  | 6148 | &nbsp;&nbsp; 341890 |
| Aspen Aerogels, Inc.\*  | 81362 | &nbsp;&nbsp; 278258 |
| Atkore, Inc.  | 4969 | &nbsp;&nbsp; 292724 |
| Benchmark Electronics, Inc.  | 21886 | &nbsp;&nbsp; 1226929 |
| BridgeBio Pharma, Inc.\*  | 18060 | &nbsp;&nbsp; 1341136 |
| Brinker International, Inc.\*  | 1918 | &nbsp;&nbsp; 273833 |
| Bunge Global SA  | 1321 | &nbsp;&nbsp; 168031 |
| Butterfly Network, Inc.\* (a) | 119084 | &nbsp;&nbsp; 481099 |
| C.H. Robinson Worldwide, Inc.  | 2786 | &nbsp;&nbsp; 462671 |
| Casey's General Stores, Inc.  | 2109 | &nbsp;&nbsp; 1535057 |
| Cavco Industries, Inc.\*  | 315 | &nbsp;&nbsp; 152551 |
| Cboe Global Markets, Inc.  | 1578 | &nbsp;&nbsp; 443528 |
| Ceribell, Inc.\*  | 16310 | &nbsp;&nbsp; 298962 |
| Clean Energy Fuels Corp.\*  | 128813 | &nbsp;&nbsp; 319456 |
| ClearPoint Neuro, Inc.\* (a) | 23399 | &nbsp;&nbsp; 212931 |
| Clearway Energy, Inc. "A"  | 13156 | &nbsp;&nbsp; 515321 |
| CNX Resources Corp.\*  | 24154 | &nbsp;&nbsp; 931137 |
| Coeur Mining, Inc.\*  | 35396 | &nbsp;&nbsp; 664383 |
| Curtiss-Wright Corp.  | 1162 | &nbsp;&nbsp; 791461 |
| Devon Energy Corp.  | 7716 | &nbsp;&nbsp; 388269 |
| Dick's Sporting Goods, Inc.  | 1138 | &nbsp;&nbsp; 225654 |
| Dream Finders Homes, Inc. "A"\* (a) | 15731 | &nbsp;&nbsp; 218976 |
| Ducommun, Inc.\*  | 7623 | &nbsp;&nbsp; 930006 |
| Duolingo, Inc.\*  | 2185 | &nbsp;&nbsp; 215375 |
| Easterly Government Properties, Inc. (REIT)  | 7508 | &nbsp;&nbsp; 160896 |
| EastGroup Properties, Inc. (REIT)  | 2146 | &nbsp;&nbsp; 397203 |
| EchoStar Corp. "A"\*  | 3712 | &nbsp;&nbsp; 434564 |
| EMCOR Group, Inc.  | 433 | &nbsp;&nbsp; 319688 |
| Enact Holdings, Inc.  | 17515 | &nbsp;&nbsp; 714787 |
| Enphase Energy, Inc.\*  | 4825 | &nbsp;&nbsp; 182433 |
| Essential Properties Realty Trust, Inc. (REIT)  | 7490 | &nbsp;&nbsp; 227396 |
| Everus Construction Group, Inc.\*  | 3556 | &nbsp;&nbsp; 419821 |
| Expedia Group, Inc.  | 905 | &nbsp;&nbsp; 208955 |
| Federal Agricultural Mortgage Corp. "C"  | 4132 | &nbsp;&nbsp; 612982 |

---

------

---

| | | |
|:---|:---|:---|
| Forestar Group, Inc.\*  | 4357 | &nbsp;&nbsp; 106485 |
| Four Corners Property Trust, Inc. (REIT)  | 29198 | &nbsp;&nbsp; 690533 |
| Freshpet, Inc.\*  | 2950 | &nbsp;&nbsp; 173932 |
| Hasbro, Inc.  | 7593 | &nbsp;&nbsp; 710705 |
| Healthpeak Properties, Inc. (REIT)  | 21002 | &nbsp;&nbsp; 345063 |
| Hecla Mining Co.  | 60210 | &nbsp;&nbsp; 1121712 |
| Impinj, Inc.\*  | 1880 | &nbsp;&nbsp; 193076 |
| Installed Building Products, Inc.  | 786 | &nbsp;&nbsp; 208408 |
| Kimco Realty Corp. (REIT)  | 8382 | &nbsp;&nbsp; 188344 |
| Kite Realty Group Trust (REIT)  | 13787 | &nbsp;&nbsp; 338471 |
| Kontoor Brands, Inc.  | 3695 | &nbsp;&nbsp; 259722 |
| Ladder Capital Corp. (REIT)  | 22361 | &nbsp;&nbsp; 218467 |
| Lamb Weston Holdings, Inc.  | 4449 | &nbsp;&nbsp; 188015 |
| LGI Homes, Inc.\*  | 4680 | &nbsp;&nbsp; 185000 |
| Lumentum Holdings, Inc.\*  | 2439 | &nbsp;&nbsp; 1714032 |
| Madison Square Garden Sports Corp.\*  | 4203 | &nbsp;&nbsp; 1350844 |
| Marcus & Millichap, Inc.  | 21342 | &nbsp;&nbsp; 567484 |
| MaxLinear, Inc.\*  | 16197 | &nbsp;&nbsp; 281666 |
| MDU Resources Group, Inc.  | 21292 | &nbsp;&nbsp; 441170 |
| Merchants Bancorp.  | 14068 | &nbsp;&nbsp; 603658 |
| Meritage Homes Corp.  | 3383 | &nbsp;&nbsp; 209205 |
| MGIC Investment Corp.  | 16544 | &nbsp;&nbsp; 434280 |
| Murphy USA, Inc.  | 319 | &nbsp;&nbsp; 157576 |
| National HealthCare Corp.  | 3735 | &nbsp;&nbsp; 596480 |
| Neogen Corp.\*  | 28928 | &nbsp;&nbsp; 268741 |
| NMI Holdings, Inc.\*  | 9448 | &nbsp;&nbsp; 354395 |
| Noble Corp. PLC  | 4594 | &nbsp;&nbsp; 225428 |
| Option Care Health, Inc.\*  | 13500 | &nbsp;&nbsp; 363420 |
| Pinnacle Financial Partners, Inc.  | 8423 | &nbsp;&nbsp; 725557 |
| Primo Brands Corp.  | 15304 | &nbsp;&nbsp; 288174 |
| Radian Group, Inc.  | 9000 | &nbsp;&nbsp; 297720 |
| Ralph Lauren Corp.  | 1540 | &nbsp;&nbsp; 529745 |
| Regal Rexnord Corp.  | 996 | &nbsp;&nbsp; 186511 |
| Reinsurance Group of America, Inc.  | 3926 | &nbsp;&nbsp; 801532 |
| Rush Enterprises, Inc. "A"  | 13817 | &nbsp;&nbsp; 913442 |
| RxSight, Inc.\*  | 32604 | &nbsp;&nbsp; 200841 |
| Sensata Technologies Holding PLC  | 6733 | &nbsp;&nbsp; 237136 |
| Senseonics Holdings, Inc.\* (a) | 23941 | &nbsp;&nbsp; 159447 |
| SentinelOne, Inc. "A"\*  | 44931 | &nbsp;&nbsp; 578711 |
| SiTime Corp.\*  | 1500 | &nbsp;&nbsp; 518025 |
| SkyWest, Inc.\*  | 10904 | &nbsp;&nbsp; 1001314 |
| Stride, Inc.\*  | 7312 | &nbsp;&nbsp; 644699 |
| Taylor Morrison Home Corp.\*  | 14345 | &nbsp;&nbsp; 835453 |
| TETRA Technologies, Inc.\*  | 23682 | &nbsp;&nbsp; 201771 |
| The RMR Group, Inc. "A"  | 4784 | &nbsp;&nbsp; 74008 |
| Thermon Group Holdings, Inc.\*  | 13220 | &nbsp;&nbsp; 666288 |
| TopBuild Corp.\*  | 2549 | &nbsp;&nbsp; 895464 |
| Triumph Financial, Inc.\*  | 8390 | &nbsp;&nbsp; 500547 |
| Trupanion, Inc.\*  | 10831 | &nbsp;&nbsp; 277382 |
| Unum Group  | 8571 | &nbsp;&nbsp; 625940 |
| Utz Brands, Inc.  | 20971 | &nbsp;&nbsp; 166090 |
| Valaris Ltd.\*  | 2157 | &nbsp;&nbsp; 211472 |
| VF Corp.  | 13163 | &nbsp;&nbsp; 223639 |
| Walker & Dunlop, Inc.  | 5105 | &nbsp;&nbsp; 226560 |
| Williams-Sonoma, Inc.  | 809 | &nbsp;&nbsp; 147505 |

---

------

---

| | | |
|:---|:---|:---|
| Wolfspeed, Inc.\*  | 14055 | &nbsp;&nbsp; 229378 |
| Zions Bancorp. NA  | 9044 | &nbsp;&nbsp; 521115 |
| (Cost $31,225,485) |  | &nbsp;&nbsp; **46100543** |
| **Total Common Stocks** (Cost $49,183,153) |  | &nbsp;&nbsp; **69316635** |
| **Securities Lending Collateral 2.4%** | **Securities Lending Collateral 2.4%** |  |
| &nbsp;&nbsp;&nbsp; DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional <br> Shares", 3.55% (d) (e) (Cost $1,649,255)<br>| 1649255 | &nbsp;&nbsp; **1649255** |
| **Cash Equivalents 0.8%** | **Cash Equivalents 0.8%** |  |
| DWS Central Cash Management Government Fund, 3.66% (d) (Cost $588,565) | 588565 | &nbsp;&nbsp; **588565** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **% of** <br>**Net Assets**<br>| **Value ($)** |
| **Total Investment Portfolio** (Cost $51,420,973) | 102.1 | &nbsp;&nbsp; **71554455** |
| **Other Assets and Liabilities, Net** | (2.1)<br>| &nbsp;&nbsp; **(1462762)**<br>|
| **Net Assets** | 100.0 | &nbsp;&nbsp; **70091693** |

---

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

*A summary of the Fund's transactions with affiliated investments during the period ended March 31, 2026 are as follows:* 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Value ($) at** <br>**12/31/2025**<br>| &nbsp;&nbsp; **Purchases** <br>**Cost ($)**<br>| &nbsp;&nbsp; **Sales** <br>**Proceeds ($)**<br>| &nbsp;&nbsp; **Net Realized** <br>**Gain/** <br>**(Loss) ($)**<br>| &nbsp;&nbsp; **Net Change in** <br>**Unrealized** <br>**Appreciation** <br>**(Depreciation) ($)**<br>| **Income ($)** | &nbsp;&nbsp; **Capital Gain** <br>**Distributions ($)**<br>| &nbsp;&nbsp; **Number** <br>**of Shares** <br>**at** <br>**3/31/2026**<br>| &nbsp;&nbsp; **Value ($) at** <br>**3/31/2026**<br>|
| **Securities Lending Collateral 2.4%** | **Securities Lending Collateral 2.4%** | **Securities Lending Collateral 2.4%** | **Securities Lending Collateral 2.4%** | **Securities Lending Collateral 2.4%** | **Securities Lending Collateral 2.4%** | **Securities Lending Collateral 2.4%** | **Securities Lending Collateral 2.4%** | **Securities Lending Collateral 2.4%** |
| DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.55% (d) (e) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.55% (d) (e) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.55% (d) (e) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.55% (d) (e) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.55% (d) (e) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.55% (d) (e) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.55% (d) (e) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.55% (d) (e) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.55% (d) (e) |
| 934646  | 714,609 (f) | —  | —  | —  | 946  | —  | 1649255  | 1649255  |
| **Cash Equivalents 0.8%** | **Cash Equivalents 0.8%** | **Cash Equivalents 0.8%** | **Cash Equivalents 0.8%** | **Cash Equivalents 0.8%** | **Cash Equivalents 0.8%** | **Cash Equivalents 0.8%** | **Cash Equivalents 0.8%** | **Cash Equivalents 0.8%** |
| DWS Central Cash Management Government Fund, 3.66% (d) | DWS Central Cash Management Government Fund, 3.66% (d) | DWS Central Cash Management Government Fund, 3.66% (d) | DWS Central Cash Management Government Fund, 3.66% (d) | DWS Central Cash Management Government Fund, 3.66% (d) | DWS Central Cash Management Government Fund, 3.66% (d) | DWS Central Cash Management Government Fund, 3.66% (d) | DWS Central Cash Management Government Fund, 3.66% (d) | DWS Central Cash Management Government Fund, 3.66% (d) |
| 1127866  | 1991969  | 2531270  | —  | —  | 9984  | —  | 588565  | 588565  |
| **2062512** | **2706578** | **2531270** | **—** | **—** | **10930** | **—** | **2237820** | **2237820** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

*\** *Non-income producing security.* 

*(a)* *All or a portion of these securities were on loan. In addition, "Other Assets and Liabilities, Net" may include pending sales that* *are also on loan. The value of securities loaned at March 31, 2026 amounted to $1,976,733, which is 2.8% of net assets.* 

*(b)* *Listed on the NASDAQ Stock Market, Inc.*

*(c)* *Listed on the New York Stock Exchange.*

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

*(e)* *Represents cash collateral held in connection with securities lending. Income earned by the Fund is net of borrower rebates. In* *addition, the Fund held non-cash U.S. Treasury securities collateral having a value of $459,517.* 

*(f)* *Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount invested in cash collateral for the period* *ended March 31, 2026.* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

*REIT: Real Estate Investment Trust*<br>

------

*At March 31, 2026 the DWS Global Small Cap VIP had the following sector diversification:* 

---

| | | |
|:---|:---|:---|
| **Sector Diversification** | **Market Value ($)** | **(As a % of Net Assets)** |
| Industrials | 13098356<br>| &nbsp;&nbsp; 19%<br>|
| Financials | 10352545<br>| &nbsp;&nbsp; 15%<br>|
| Information Technology | 8667498<br>| &nbsp;&nbsp; 12%<br>|
| Consumer Discretionary | 7670474<br>| &nbsp;&nbsp; 11%<br>|
| Health Care | 7026800<br>| &nbsp;&nbsp; 10%<br>|
| Materials | 5691452<br>| &nbsp;&nbsp; 8%<br>|
| Real Estate | 4896087<br>| &nbsp;&nbsp; 7%<br>|
| Energy | 4223250<br>| &nbsp;&nbsp; 6%<br>|
| Consumer Staples | 3002453<br>| &nbsp;&nbsp; 4%<br>|
| Utilities | 2449185<br>| &nbsp;&nbsp; 4%<br>|
| Communication Services | 2238535<br>| &nbsp;&nbsp; 3%<br>|
| **Total** | **69316635** | &nbsp;&nbsp; **99%** |

---

*Sector diversification is subject to change.*

***Fair Value Measurements***

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

*The following is a summary of the inputs used as of March 31, 2026 in valuing the Fund's investments.* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Assets** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Common Stocks  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Australia  | $— | &nbsp;&nbsp; $1313346 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1313346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bermuda  | 623789 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 623789 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canada  | 1811130 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 1811130 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Denmark  |  | &nbsp;&nbsp; 320484 | &nbsp;&nbsp; — | &nbsp;&nbsp; 320484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finland  |  | &nbsp;&nbsp; 275976 | &nbsp;&nbsp; — | &nbsp;&nbsp; 275976 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; France  |  | &nbsp;&nbsp; 1942162 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1942162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Germany  |  | &nbsp;&nbsp; 1000474 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1000474 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hong Kong  |  | &nbsp;&nbsp; 148384 | &nbsp;&nbsp; — | &nbsp;&nbsp; 148384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Israel  |  | &nbsp;&nbsp; 108130 | &nbsp;&nbsp; — | &nbsp;&nbsp; 108130 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Italy  |  | &nbsp;&nbsp; 1054866 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1054866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japan  |  | &nbsp;&nbsp; 4584416 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4584416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jersey  | 151717 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 151717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Korea  |  | &nbsp;&nbsp; 1591116 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1591116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Netherlands  |  | &nbsp;&nbsp; 439964 | &nbsp;&nbsp; — | &nbsp;&nbsp; 439964 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Puerto Rico  | 979039 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 979039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spain  |  | &nbsp;&nbsp; 187742 | &nbsp;&nbsp; — | &nbsp;&nbsp; 187742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sweden  |  | &nbsp;&nbsp; 795682 | &nbsp;&nbsp; — | &nbsp;&nbsp; 795682 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Switzerland  |  | &nbsp;&nbsp; 1874371 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1874371 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Kingdom  | 1806304 | &nbsp;&nbsp; 2207000 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4013304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States  | 46100543 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 46100543 |
| Short-Term Investments (a) | 2237820 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 2237820 |
| **Total** | **$53710342** | &nbsp;&nbsp; **$17844113** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$71554455** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;*(a)* *See Investment Portfolio for additional detailed categorizations.* 

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.

VS1glosc-PH1

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** DEUTSCHE DWS VARIABLE SERIES I

- **b. Investment Company Act file number:** 811-04257

- **c. CIK number of Registrant:** 0000764797

- **d. LEI of Registrant:** U1G8JTC14F115MRJOJ63

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 875 Third Avenue

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10022-6225

  - **Telephone number:** 212-454-4500

**Item A.2. Information about the Series.**

- **a. Name of Series:** DWS Global Small Cap VIP

- **b. EDGAR series identifier (if any):** S000006246

- **c. LEI of Series:** IQD68GE0SFRBOJ7IST46

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $71927662.98

**Total Liabilities:** $1800839.59

**Net Assets:** $70126823.39

**Cash Not Reported:** $9583.92

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000017182 | 7.09%                | 4.44%                | -6.03%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $467381.44               | $4434378.92                                |
| Month 2  | $781811.88               | $2381271.89                                |
| Month 3  | $789265.56               | $-5485356.92                               |

### Schedule of Portfolio Investments

| Name                                  | Title                                                                                 | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ACM Research Inc                      | ACM Research Inc                                                                      | CUSIP: 00108J109<br>LEI: 549300MCTENUWL2GJL61 | Long             | EC               | CORP              | US        |      9271 | NS      | $364813.85    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Adeia Inc                             | Adeia Inc                                                                             | CUSIP: 00676P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41535 | NS      | $998086.05    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Aecon Group Inc                       | Aecon Group Inc                                                                       | CUSIP: 00762V109<br>LEI: 549300VROCXVWXFR8B83 | Long             | EC               | CORP              | CA        |      6740 | NS      | $202573.07    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Affiliated Managers Group Inc         | Affiliated Managers Group Inc                                                         | CUSIP: 008252108<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EC               | CORP              | US        |      4495 | NS      | $1243766.50   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corp                            | Alcoa Corp                                                                            | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |      3392 | NS      | $224991.36    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Clarkson PLC                          | Clarkson PLC                                                                          | CUSIP: 000000000<br>LEI: 2138007G6BGTEHI3OT22 | Long             | EC               | CORP              | GB        |      3068 | NS      | $187916.41    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Genus PLC                             | Genus PLC                                                                             | CUSIP: 000000000<br>LEI: 54930022EOITNKSIGH56 | Long             | EC               | CORP              | GB        |      9072 | NS      | $287125.02    | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Americold Realty Trust Inc            | Americold Realty Trust Inc                                                            | CUSIP: 03064D108<br>LEI: 894500O3S3W62PQPO460 | Long             | EC               |  | US        |     21462 | NS      | $245954.52    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Midstream Corp                 | Antero Midstream Corp                                                                 | CUSIP: 03676B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13476 | NS      | $307252.80    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Hospitality REIT Inc            | Apple Hospitality REIT Inc                                                            | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               |  | US        |     18296 | NS      | $210586.96    | 0.30%             |  |  |  | No            |                  1 | On Loan: —       |
| Archrock Inc                          | Archrock Inc                                                                          | CUSIP: 03957W106<br>LEI: 549300K3RIHMHDVFTL28 | Long             | EC               | CORP              | US        |      4031 | NS      | $140278.80    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| AH Realty Trust Inc                   | AH Realty Trust Inc                                                                   | CUSIP: 04208T108<br>LEI: 549300WQRSIV6XZT9313 | Long             | EC               |  | US        |     33913 | NS      | $186521.50    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashland Inc                           | Ashland Inc                                                                           | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |      6148 | NS      | $341890.28    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Aspen Aerogels Inc                    | Aspen Aerogels Inc                                                                    | CUSIP: 04523Y105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     81362 | NS      | $278258.04    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Atkore Inc                            | Atkore Inc                                                                            | CUSIP: 047649108<br>LEI: 52990002TI38AM4RPV48 | Long             | EC               | CORP              | US        |      9731 | NS      | $573253.21    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Aurinia Pharmaceuticals Inc           | Aurinia Pharmaceuticals Inc                                                           | CUSIP: 05156V102<br>LEI: 5299008YP2BW4570ML28 | Long             | EC               | CORP              | CA        |     19475 | NS      | $288619.50    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Infrastructure Solutions Ltd   | Badger Infrastructure Solutions Ltd                                                   | CUSIP: 056533102<br>LEI: 254900BS2WTIBXVDKM03 | Long             | EC               | CORP              | CA        |      6877 | NS      | $306699.07    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Benchmark Electronics Inc             | Benchmark Electronics Inc                                                             | CUSIP: 08160H101<br>LEI: 549300W18RHYZOZKOP53 | Long             | EC               | CORP              | US        |     21886 | NS      | $1226929.16   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridgebio Pharma Inc                  | Bridgebio Pharma Inc                                                                  | CUSIP: 10806X102<br>LEI: 54930028YG89VTY2J114 | Long             | EC               | CORP              | US        |     18060 | NS      | $1341135.60   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Brinker International Inc             | Brinker International Inc                                                             | CUSIP: 109641100<br>LEI: 52990067JY6PBGJNTG76 | Long             | EC               | CORP              | US        |      1918 | NS      | $273832.86    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Butterfly Network Inc                 | Butterfly Network Inc                                                                 | CUSIP: 124155102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    119084 | NS      | $481099.36    | 0.69%             |  |  |  | No            |                  1 | On Loan: —       |
| Cboe Global Markets Inc               | Cboe Global Markets Inc                                                               | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |      1578 | NS      | $443528.46    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| CH Robinson Worldwide Inc             | CH Robinson Worldwide Inc                                                             | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |      2786 | NS      | $462671.02    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| CNX Resources Corp                    | CNX Resources Corp                                                                    | CUSIP: 12653C108<br>LEI: 549300JK3KH8PWM3B226 | Long             | EC               | CORP              | US        |     27882 | NS      | $1074851.10   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores Inc            | Casey's General Stores Inc                                                            | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |      2399 | NS      | $1746136.14   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| DWS                                   | DWS Government & Agency Securities Portfolio DWS Government Cash Institutional Shares | CUSIP: 147539670<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1649255 | NS      | $1649255.00   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Cavco Industries Inc                  | Cavco Industries Inc                                                                  | CUSIP: 149568107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       315 | NS      | $152551.35    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Ceribell Inc                          | Ceribell Inc                                                                          | CUSIP: 15678C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16310 | NS      | $298962.30    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Clean Energy Fuels Corp               | Clean Energy Fuels Corp                                                               | CUSIP: 184499101<br>LEI: 549300MTQB4VUAOPMF71 | Long             | EC               | CORP              | US        |    128813 | NS      | $319456.24    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ClearPoint Neuro Inc                  | ClearPoint Neuro Inc                                                                  | CUSIP: 18507C103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23399 | NS      | $212930.90    | 0.30%             |  |  |  | No            |                  1 | On Loan: —       |
| Clearway Energy Inc                   | Clearway Energy Inc                                                                   | CUSIP: 18539C105<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |     13156 | NS      | $515320.52    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Coeur Mining Inc                      | Coeur Mining Inc                                                                      | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |     35396 | NS      | $664382.92    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Inc                           | Compass Inc                                                                           | CUSIP: 20464U100<br>LEI: 254900DMGQSTC3I2IM78 | Long             | EC               | CORP              | US        |     26161 | NS      | $191236.91    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp                   | Curtiss-Wright Corp                                                                   | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |      1162 | NS      | $791461.44    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp                     | Devon Energy Corp                                                                     | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |      7716 | NS      | $388269.12    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Dick's Sporting Goods Inc             | Dick's Sporting Goods Inc                                                             | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |      1138 | NS      | $225654.02    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Dream Finders Homes Inc               | Dream Finders Homes Inc                                                               | CUSIP: 26154D100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15731 | NS      | $218975.52    | 0.31%             |  |  |  | No            |                  1 | On Loan: —       |
| Ducommun Inc                          | Ducommun Inc                                                                          | CUSIP: 264147109<br>LEI: 549300Z71HMWF90S2214 | Long             | EC               | CORP              | US        |      7623 | NS      | $930006.00    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Duolingo Inc                          | Duolingo Inc                                                                          | CUSIP: 26603R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2185 | NS      | $215375.45    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Easterly Government Properties Inc    | Easterly Government Properties Inc                                                    | CUSIP: 27616P301<br>LEI: 549300ERMCEFC6S8HL77 | Long             | EC               |  | US        |      7508 | NS      | $160896.44    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties Inc              | EastGroup Properties Inc                                                              | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               |  | US        |      2146 | NS      | $397203.14    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| EchoStar Corp                         | EchoStar Corp                                                                         | CUSIP: 278768106<br>LEI: 549300EE20907QZ9GT38 | Long             | EC               | CORP              | US        |      3712 | NS      | $434563.84    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group Inc                       | EMCOR Group Inc                                                                       | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |       433 | NS      | $319688.23    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Enact Holdings Inc                    | Enact Holdings Inc                                                                    | CUSIP: 29249E109<br>LEI: 9845003CA5664B741N19 | Long             | EC               | CORP              | US        |     17515 | NS      | $714787.15    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc                    | Enphase Energy Inc                                                                    | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |      4825 | NS      | $182433.25    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Trust Inc | Essential Properties Realty Trust Inc                                                 | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               |  | US        |      7490 | NS      | $227396.40    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Everus Construction Group Inc         | Everus Construction Group Inc                                                         | CUSIP: 300426103<br>LEI: 2549006JMMHR0KILT425 | Long             | EC               | CORP              | US        |      3556 | NS      | $419821.36    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                     | Expedia Group Inc                                                                     | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |       905 | NS      | $208955.45    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Agricultural Mortgage Corp    | Federal Agricultural Mortgage Corp                                                    | CUSIP: 313148306<br>LEI: 549300MS654K78GYF580 | Long             | EC               | USGSE             | US        |      4132 | NS      | $612982.20    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Finning International Inc             | Finning International Inc                                                             | CUSIP: 318071404<br>LEI: 549300QLDCP11KB6XW55 | Long             | EC               | CORP              | CA        |      6180 | NS      | $382412.77    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Four Corners Property Trust Inc       | Four Corners Property Trust Inc                                                       | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               |  | US        |     29198 | NS      | $690532.70    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Freshpet Inc                          | Freshpet Inc                                                                          | CUSIP: 358039105<br>LEI: 549300S4ZK8ZQ6HNPN59 | Long             | EC               | CORP              | US        |      2950 | NS      | $173932.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Hasbro Inc                            | Hasbro Inc                                                                            | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |      7593 | NS      | $710704.80    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc             | Healthpeak Properties Inc                                                             | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               |  | US        |     21002 | NS      | $345062.86    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Hecla Mining Co                       | Hecla Mining Co                                                                       | CUSIP: 422704106<br>LEI: 5493009Y6HOBZD1QD537 | Long             | EC               | CORP              | US        |     60210 | NS      | $1121712.30   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Hufvudstaden AB                       | Hufvudstaden AB                                                                       | CUSIP: 000000000<br>LEI: 213800UEV5ZAFFVQ4J85 | Long             | EC               | CORP              | SE        |     16235 | NS      | $205847.35    | 0.29%             |  |  |  | No            |                  2 | On Loan: —       |
| Kemira Oyj                            | Kemira Oyj                                                                            | CUSIP: 000000000<br>LEI: 74370031Y7RK5H88CQ48 | Long             | EC               | CORP              | FI        |     12664 | NS      | $275975.83    | 0.39%             |  |  |  | No            |                  2 | On Loan: —       |
| Impinj Inc                            | Impinj Inc                                                                            | CUSIP: 453204109<br>LEI: 549300M26VGKSMMWWN17 | Long             | EC               | CORP              | US        |      1880 | NS      | $193076.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Installed Building Products Inc       | Installed Building Products Inc                                                       | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |       786 | NS      | $208407.90    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimco Realty Corp                     | Kimco Realty Corp                                                                     | CUSIP: 49446R109<br>LEI: 254900ARY41P4V1JL861 | Long             | EC               |  | US        |      8382 | NS      | $188343.54    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust               | Kite Realty Group Trust                                                               | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               |  | US        |     13787 | NS      | $338470.85    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Kontoor Brands Inc                    | Kontoor Brands Inc                                                                    | CUSIP: 50050N103<br>LEI: 549300M0CPXV65RFF271 | Long             | EC               | CORP              | US        |      3695 | NS      | $259721.55    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| LGI Homes Inc                         | LGI Homes Inc                                                                         | CUSIP: 50187T106<br>LEI: 549300W02B4WNV8CV109 | Long             | EC               | CORP              | US        |      4680 | NS      | $185000.40    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Ladder Capital Corp                   | Ladder Capital Corp                                                                   | CUSIP: 505743104<br>LEI: 549300Q6LLV2QCV67C06 | Long             | EC               |  | US        |     22361 | NS      | $218466.97    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| HOCHTIEF AG                           | HOCHTIEF AG                                                                           | CUSIP: 000000000<br>LEI: 529900Y25S8NZIYTT924 | Long             | EC               | CORP              | DE        |      1752 | NS      | $793239.26    | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Lamb Weston Holdings Inc              | Lamb Weston Holdings Inc                                                              | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Long             | EC               | CORP              | US        |      4449 | NS      | $188014.74    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc                 | Lumentum Holdings Inc                                                                 | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |      2439 | NS      | $1714031.64   | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU Resources Group Inc               | MDU Resources Group Inc                                                               | CUSIP: 552690109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21292 | NS      | $441170.24    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC Investment Corp                  | MGIC Investment Corp                                                                  | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |     16544 | NS      | $434280.00    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Square Garden Sports Corp     | Madison Square Garden Sports Corp                                                     | CUSIP: 55825T103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4203 | NS      | $1350844.20   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Marcus & Millichap Inc                | Marcus & Millichap Inc                                                                | CUSIP: 566324109<br>LEI: 549300B2HE8ULXNB1N48 | Long             | EC               | CORP              | US        |     16749 | NS      | $445355.91    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| MaxLinear Inc                         | MaxLinear Inc                                                                         | CUSIP: 57776J100<br>LEI: 549300EMOI0SM2IY4F64 | Long             | EC               | CORP              | US        |     16197 | NS      | $281665.83    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Buzzi SpA                             | Buzzi SpA                                                                             | CUSIP: 000000000<br>LEI: 5299003DX5YLKSVJ6K59 | Long             | EC               | CORP              | IT        |     15664 | NS      | $792997.63    | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Merchants Bancorp/IN                  | Merchants Bancorp/IN                                                                  | CUSIP: 58844R108<br>LEI: 54930008Y0GPVLF81889 | Long             | EC               | CORP              | US        |     14068 | NS      | $603657.88    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp                   | Meritage Homes Corp                                                                   | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |      3383 | NS      | $209204.72    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Han Kuk Carbon Co Ltd                 | Han Kuk Carbon Co Ltd                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      9465 | NS      | $243862.92    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| TK Corp                               | TK Corp                                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     13429 | NS      | $312345.70    | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| BML Inc                               | BML Inc                                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      5800 | NS      | $148877.01    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Qualitau Ltd                          | Qualitau Ltd                                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |       650 | NS      | $108130.33    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| TV Asahi Holdings Corp                | TV Asahi Holdings Corp                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     20600 | NS      | $453126.84    | 0.65%             |  |  |  | No            |                  2 | On Loan: —       |
| NMI Holdings Inc                      | NMI Holdings Inc                                                                      | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | EC               | CORP              | US        |      9448 | NS      | $354394.48    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| National HealthCare Corp              | National HealthCare Corp                                                              | CUSIP: 635906100<br>LEI: 254900PTS11LS1JS2752 | Long             | EC               | CORP              | US        |      3735 | NS      | $596479.50    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Neogen Corp                           | Neogen Corp                                                                           | CUSIP: 640491106<br>LEI: 549300HJT9FC36N4UW43 | Long             | EC               | CORP              | US        |     28928 | NS      | $268741.12    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Kaken Pharmaceutical Co Ltd           | Kaken Pharmaceutical Co Ltd                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     12800 | NS      | $335294.56    | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| OCI Holdings Co Ltd                   | OCI Holdings Co Ltd                                                                   | CUSIP: 000000000<br>LEI: 988400XZQA7CG16LDK87 | Long             | EC               | CORP              | KR        |      1539 | NS      | $193594.04    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Gas Co Ltd                     | Nippon Gas Co Ltd                                                                     | CUSIP: 000000000<br>LEI: 549300N3DC5V2XON9C60 | Long             | EC               | CORP              | JP        |     13700 | NS      | $254416.75    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Alfresa Holdings Corp                 | Alfresa Holdings Corp                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     23300 | NS      | $374457.15    | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Premier Investments Ltd               | Premier Investments Ltd                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     30667 | NS      | $268221.47    | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Seino Holdings Co Ltd                 | Seino Holdings Co Ltd                                                                 | CUSIP: 000000000<br>LEI: 3538001D12EPCPYTTF24 | Long             | EC               | CORP              | JP        |     31300 | NS      | $482607.90    | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Option Care Health Inc                | Option Care Health Inc                                                                | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | EC               | CORP              | US        |     13500 | NS      | $363420.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Suzuken Co Ltd/Aichi Japan            | Suzuken Co Ltd/Aichi Japan                                                            | CUSIP: 000000000<br>LEI: 529900LRLSX7F1Q8TN71 | Long             | EC               | CORP              | JP        |      7400 | NS      | $279576.45    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Hansol Chemical Co Ltd                | Hansol Chemical Co Ltd                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |       695 | NS      | $119125.27    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| NKT A/S                               | NKT A/S                                                                               | CUSIP: 000000000<br>LEI: 529900197LKWCEQ0NL18 | Long             | EC               | CORP              | DK        |      2457 | NS      | $320484.10    | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Huber + Suhner AG                     | Huber + Suhner AG                                                                     | CUSIP: 000000000<br>LEI: 5067007PRZ9OSX7A6787 | Long             | EC               | CORP              | CH        |      2825 | NS      | $626305.13    | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Pinnacle Financial Partners Inc       | Pinnacle Financial Partners Inc                                                       | CUSIP: 72348N109<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EC               | CORP              | US        |      8423 | NS      | $725557.22    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular Inc                           | Popular Inc                                                                           | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |      7297 | NS      | $979038.49    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Primo Brands Corp                     | Primo Brands Corp                                                                     | CUSIP: 741623102<br>LEI: 254900J0WS4AXV2LAX55 | Long             | EC               | CORP              | US        |     15304 | NS      | $288174.32    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Radian Group Inc                      | Radian Group Inc                                                                      | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Long             | EC               | CORP              | US        |      9000 | NS      | $297720.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralph Lauren Corp                     | Ralph Lauren Corp                                                                     | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |      1540 | NS      | $529744.60    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corp                    | Regal Rexnord Corp                                                                    | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |       996 | NS      | $186510.96    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Reinsurance Group of America Inc      | Reinsurance Group of America Inc                                                      | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |      3926 | NS      | $801532.16    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Richelieu Hardware Ltd                | Richelieu Hardware Ltd                                                                | CUSIP: 76329W103<br>LEI: 5493007VPNETW465DN04 | Long             | EC               | CORP              | CA        |      5778 | NS      | $169630.88    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Rush Enterprises Inc                  | Rush Enterprises Inc                                                                  | CUSIP: 781846209<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               | CORP              | US        |     13817 | NS      | $913441.87    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Russel Metals Inc                     | Russel Metals Inc                                                                     | CUSIP: 781903604<br>LEI: 5493005F9VPHFO17OV54 | Long             | EC               | CORP              | CA        |     13366 | NS      | $461194.74    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| RxSight Inc                           | RxSight Inc                                                                           | CUSIP: 78349D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32604 | NS      | $200840.64    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Senseonics Holdings Inc               | Senseonics Holdings Inc                                                               | CUSIP: 81727U303<br>LEI: 549300RCH6Z07TBHJ258 | Long             | EC               | CORP              | US        |     23941 | NS      | $159447.06    | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| SentinelOne Inc                       | SentinelOne Inc                                                                       | CUSIP: 81730H109<br>LEI: 984500DCD44DBF954221 | Long             | EC               | CORP              | US        |     44931 | NS      | $578711.28    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| SiTime Corp                           | SiTime Corp                                                                           | CUSIP: 82982T106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1500 | NS      | $518025.00    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| SkyWest Inc                           | SkyWest Inc                                                                           | CUSIP: 830879102<br>LEI: 529900UYS2KGS6Z42P09 | Long             | EC               | CORP              | US        |     10904 | NS      | $1001314.32   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SkyWater Technology Inc               | SkyWater Technology Inc                                                               | CUSIP: 83089J108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16120 | NS      | $441849.20    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Stride Inc                            | Stride Inc                                                                            | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Long             | EC               | CORP              | US        |      7312 | NS      | $644699.04    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp             | Taylor Morrison Home Corp                                                             | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |     14345 | NS      | $835452.80    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| TETRA Technologies Inc                | TETRA Technologies Inc                                                                | CUSIP: 88162F105<br>LEI: 549300T5W131705EK832 | Long             | EC               | CORP              | US        |     23682 | NS      | $201770.64    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermon Group Holdings Inc            | Thermon Group Holdings Inc                                                            | CUSIP: 88362T103<br>LEI: 529900ZNZBBLDE77MZ38 | Long             | EC               | CORP              | US        |     13220 | NS      | $666288.00    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| TopBuild Corp                         | TopBuild Corp                                                                         | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |      2549 | NS      | $895463.70    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Triumph Financial Inc                 | Triumph Financial Inc                                                                 | CUSIP: 89679E300<br>LEI: 5493003RNRMEVYDZ1Q52 | Long             | EC               | CORP              | US        |      8390 | NS      | $500547.40    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Trupanion Inc                         | Trupanion Inc                                                                         | CUSIP: 898202106<br>LEI: 549300J86GFKIDGMQP18 | Long             | EC               | CORP              | US        |     10831 | NS      | $277381.91    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Unum Group                            | Unum Group                                                                            | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |      8571 | NS      | $625940.13    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| VF Corp                               | VF Corp                                                                               | CUSIP: 918204108<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | EC               | CORP              | US        |     13163 | NS      | $223639.37    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Walker & Dunlop Inc                   | Walker & Dunlop Inc                                                                   | CUSIP: 93148P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5105 | NS      | $226559.90    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams-Sonoma Inc                   | Williams-Sonoma Inc                                                                   | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |       809 | NS      | $147504.97    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| DWS                                   | DWS Central Cash Management Government Fund                                           | CUSIP: 25160K306<br>LEI: 5493003GD84DGSXJ7618 | Long             | STIV             | RF                | US        |    586306 | NS      | $586305.78    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Zions Bancorp NA                      | Zions Bancorp NA                                                                      | CUSIP: 989701107<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | EC               | CORP              | US        |      9044 | NS      | $521115.28    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Wonik Materials Co Ltd                | Wonik Materials Co Ltd                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      6288 | NS      | $173324.24    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| K&O Energy Group Inc                  | K&O Energy Group Inc                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     11900 | NS      | $417134.55    | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Macnica Holdings Inc                  | Macnica Holdings Inc                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     20300 | NS      | $304418.75    | 0.43%             |  |  |  | No            |                  2 | On Loan: —       |
| Itoham Yonekyu Holdings Inc           | Itoham Yonekyu Holdings Inc                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     13300 | NS      | $483153.15    | 0.69%             |  |  |  | No            |                  2 | On Loan: —       |
| Cibus Nordic Real Estate AB publ      | Cibus Nordic Real Estate AB publ                                                      | CUSIP: 000000000<br>LEI: 549300PW36MFK96GCR23 | Long             | EC               | CORP              | SE        |      9410 | NS      | $141613.24    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| BioGaia AB                            | BioGaia AB                                                                            | CUSIP: 000000000<br>LEI: 549300UBUJOY2L7TT361 | Long             | EC               | CORP              | SE        |     13635 | NS      | $173494.22    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| New Wave Group AB                     | New Wave Group AB                                                                     | CUSIP: 000000000<br>LEI: 5493006EIYZZYQILKS31 | Long             | EC               | CORP              | SE        |     26782 | NS      | $274727.41    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Siegfried Holding AG                  | Siegfried Holding AG                                                                  | CUSIP: 000000000<br>LEI: 506700J9QD6IF3937W06 | Long             | EC               | CORP              | CH        |      6897 | NS      | $653088.79    | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| TechMatrix Corp                       | TechMatrix Corp                                                                       | CUSIP: 000000000<br>LEI: 353800BO9TATTH8LBW35 | Long             | EC               | CORP              | JP        |     39800 | NS      | $453322.21    | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Nordex SE                             | Nordex SE                                                                             | CUSIP: 000000000<br>LEI: 529900HVDYCUWVD0OE76 | Long             | EC               | CORP              | DE        |      3856 | NS      | $207234.28    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Eiffage SA                            | Eiffage SA                                                                            | CUSIP: 000000000<br>LEI: 969500OQXKE5WDM9M994 | Long             | EC               | CORP              | FR        |      9155 | NS      | $1407527.68   | 2.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Liontown Ltd                          | Liontown Ltd                                                                          | CUSIP: 000000000<br>LEI: 529900LT0V2IEL7WZY56 | Long             | EC               | CORP              | AU        |    250799 | NS      | $304333.23    | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Comture Corp                          | Comture Corp                                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     33100 | NS      | $304547.60    | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Drax Group PLC                        | Drax Group PLC                                                                        | CUSIP: 000000000<br>LEI: 549300YPSNTXR4ZHSR98 | Long             | EC               | CORP              | GB        |     69810 | NS      | $821143.34    | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Research Institute Inc     | Mitsubishi Research Institute Inc                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      4900 | NS      | $145982.43    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Man Wah Holdings Ltd                  | Man Wah Holdings Ltd                                                                  | CUSIP: 000000000<br>LEI: 52990005BW6K71UPKX41 | Long             | EC               | CORP              | BM        |    268400 | NS      | $148383.86    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Greggs PLC                            | Greggs PLC                                                                            | CUSIP: 000000000<br>LEI: 213800I71QMUFJ64IW20 | Long             | EC               | CORP              | GB        |     12538 | NS      | $255014.87    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Pharming Group NV                     | Pharming Group NV                                                                     | CUSIP: 000000000<br>LEI: 724500DCJ9MPG74JEH91 | Long             | EC               | CORP              | NL        |    132349 | NS      | $223752.09    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Zenkoku Hosho Co Ltd                  | Zenkoku Hosho Co Ltd                                                                  | CUSIP: 000000000<br>LEI: 353800VOQEKTSCSL9O03 | Long             | EC               | CORP              | JP        |      7400 | NS      | $147500.43    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Maire SpA                             | Maire SpA                                                                             | CUSIP: 000000000<br>LEI: 815600D85A61200A1B83 | Long             | EC               | CORP              | IT        |     16891 | NS      | $261868.44    | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Unibail-Rodamco-Westfield             | Unibail-Rodamco-Westfield                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | XX        |      4819 | NS      | $534634.64    | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Orora Ltd                             | Orora Ltd                                                                             | CUSIP: 000000000<br>LEI: 549300WFEQJK35VDF789 | Long             | EC               | CORP              | AU        |    257110 | NS      | $337377.00    | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Akzo Nobel NV                         | Akzo Nobel NV                                                                         | CUSIP: 000000000<br>LEI: 724500XYIJUGXAA5QD70 | Long             | EC               | CORP              | NL        |      3744 | NS      | $216212.24    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Accelleron Industries AG              | Accelleron Industries AG                                                              | CUSIP: 000000000<br>LEI: 254900KS0MD2PAARXD14 | Long             | EC               | CORP              | CH        |      3540 | NS      | $319931.45    | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| F&F Co Ltd / New                      | F&F Co Ltd / New                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     10456 | NS      | $421661.28    | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| MNC Solution Co Ltd                   | MNC Solution Co Ltd                                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      2012 | NS      | $127202.37    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Computacenter PLC                     | Computacenter PLC                                                                     | CUSIP: 000000000<br>LEI: 549300XSXUZ1I19DB105 | Long             | EC               | CORP              | GB        |     10566 | NS      | $420461.65    | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Dyno Nobel Ltd                        | Dyno Nobel Ltd                                                                        | CUSIP: 000000000<br>LEI: 254900UW2F3BKV6Z9V18 | Long             | EC               | CORP              | AU        |    185390 | NS      | $403414.67    | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| International Workplace Group PLC     | International Workplace Group PLC                                                     | CUSIP: 000000000<br>LEI: 2138003LWDII27UTAG52 | Long             | EC               | CORP              | JE        |    118324 | NS      | $275045.76    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Grifols SA                            | Grifols SA                                                                            | CUSIP: 000000000<br>LEI: 959800HSSNXWRKBK4N60 | Long             | EC               | CORP              | ES        |     17934 | NS      | $187741.88    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Softcat PLC                           | Softcat PLC                                                                           | CUSIP: 000000000<br>LEI: 213800N42YZLR9GLVC42 | Long             | EC               | CORP              | GB        |     14518 | NS      | $235338.15    | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Ambarella Inc                         | Ambarella Inc                                                                         | CUSIP: 000000000<br>LEI: 254900XN7F4DG0CEKC02 | Long             | EC               | CORP              | KY        |      4507 | NS      | $231997.83    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Essent Group Ltd                      | Essent Group Ltd                                                                      | CUSIP: 000000000<br>LEI: 254900QUO860OUT6ZF83 | Long             | EC               | CORP              | BM        |     10674 | NS      | $623788.56    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha & Omega Semiconductor Ltd       | Alpha & Omega Semiconductor Ltd                                                       | CUSIP: 000000000<br>LEI: 5493001FE7J03YOV2V35 | Long             | EC               | CORP              | BM        |      7949 | NS      | $176149.84    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Novocure Ltd                          | Novocure Ltd                                                                          | CUSIP: 000000000<br>LEI: 213800YPP55UMHWA4826 | Long             | EC               | CORP              | JE        |     13919 | NS      | $151717.10    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| nVent Electric PLC                    | nVent Electric PLC                                                                    | CUSIP: 000000000<br>LEI: 254900LK60A9DK5W5N81 | Long             | EC               | CORP              | IE        |      2605 | NS      | $308119.40    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensata Technologies Holding PLC      | Sensata Technologies Holding PLC                                                      | CUSIP: 000000000<br>LEI: 529900MS7KFYCY9MS037 | Long             | EC               | CORP              | GB        |      6733 | NS      | $237136.26    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                        | TechnipFMC PLC                                                                        | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |     23612 | NS      | $1632297.56   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Global SA                       | Bunge Global SA                                                                       | CUSIP: 000000000<br>LEI: 254900IVXSV9K0B7PO26 | Long             | EC               | CORP              | CH        |      1321 | NS      | $168031.20    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** DEUTSCHE DWS VARIABLE SERIES I

**Signature:** Diane Kenneally

**Name of Signer:** Diane Kenneally

**Title:** Treasurer and Chief Financial Officer