# EDGAR Filing Document

**Accession Number:** 0000810573
**File Stem:** 0001410368-26-019296
**Filing Date:** 2026-2
**Character Count:** 35202
**Document Hash:** 2b35f0b63a9cd3cc64afde56741c8fb8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-019296.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0001410368-26-019296

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DEUTSCHE DWS VARIABLE SERIES II
- **CENTRAL INDEX KEY:** 0000810573

**ORGANIZATION NAME:**
- **EIN:** 810105002
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05002
- **FILM NUMBER:** 26686846

**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 II
- **DATE OF NAME CHANGE:** 20140811

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DWS VARIABLE SERIES II
- **DATE OF NAME CHANGE:** 20060303

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

## Series and Classes Contracts Data

### DWS International Opportunities VIP (Series ID: S000006276)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000017245 | Class A      |  |

## 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 II

- **b. Investment Company Act file number:** 811-05002

- **c. CIK number of Registrant:** 0000810573

- **d. LEI of Registrant:** 7WRERVUOG2HKG87QIP75

- **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 International Opportunities VIP

- **b. EDGAR series identifier (if any):** S000006276

- **c. LEI of Series:** OVVS3LTQ3YWJVLCDXM58

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $23134510.66

**Total Liabilities:** $443822.01

**Net Assets:** $22690688.65

**Cash Not Reported:** $251428.37

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000017245 | 0.74%                | -0.79%               | 1.75%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $202756.88               | $-46826.94                                 |
| Month 2  | $-9728.92                | $-165727.91                                |
| Month 3  | $600749.36               | $-215647.88                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Agnico Eagle Mines Ltd                    | Agnico Eagle Mines Ltd                                                                | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |      2596 | NS      | $440235.30    | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Halma PLC                                 | Halma PLC                                                                             | CUSIP: 000000000<br>LEI: 2138007FRGLUR9KGBT40 | Long             | EC               | CORP              | GB        |      4997 | NS      | $237967.64    | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                         | HSBC Holdings PLC                                                                     | CUSIP: 000000000<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EC               | CORP              | GB        |     21817 | NS      | $344968.79    | 1.52%             |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                           | AstraZeneca PLC                                                                       | CUSIP: 000000000<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |      2446 | NS      | $454496.87    | 2.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Brookfield Corp                           | Brookfield Corp                                                                       | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |     15516 | NS      | $712409.98    | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Asset Management Ltd           | Brookfield Asset Management Ltd                                                       | CUSIP: 113004105<br>LEI: 549300CZ84WPNJZKY093 | Long             | EC               | CORP              | CA        |      3646 | NS      | $190992.97    | 0.84%             |  |  |  | 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        |     76313 | NS      | $76313.00     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferguson Enterprises Inc                  | Ferguson Enterprises Inc                                                              | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |       827 | NS      | $184115.01    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE                                 | Airbus SE                                                                             | CUSIP: 000000000<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | NL        |      1469 | NS      | $342223.85    | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| adidas AG                                 | adidas AG                                                                             | CUSIP: 000000000<br>LEI: 549300JSX0Z4CW0V5023 | Long             | EC               | CORP              | DE        |       824 | NS      | $162492.63    | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE       | LVMH Moet Hennessy Louis Vuitton SE                                                   | CUSIP: 000000000<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |       372 | NS      | $281496.71    | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Capgemini SE                              | Capgemini SE                                                                          | CUSIP: 000000000<br>LEI: 96950077L0TN7BAROX36 | Long             | EC               | CORP              | FR        |      1423 | NS      | $238022.58    | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Kerry Group PLC                           | Kerry Group PLC                                                                       | CUSIP: 000000000<br>LEI: 635400TLVVBNXLFHWC59 | Long             | EC               | CORP              | IE        |      2842 | NS      | $260144.22    | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Schneider Electric SE                     | Schneider Electric SE                                                                 | CUSIP: 000000000<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |      1624 | NS      | $448845.07    | 1.98%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                                    | SAP SE                                                                                | CUSIP: 000000000<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |      2474 | NS      | $598639.28    | 2.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Allianz SE                                | Allianz SE                                                                            | CUSIP: 000000000<br>LEI: 529900K9B0N5BT694847 | Long             | EC               | CORP              | DE        |      1564 | NS      | $714346.91    | 3.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Marsh & McLennan Cos Inc                  | Marsh & McLennan Cos Inc                                                              | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |      1952 | NS      | $362135.04    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                            | Mastercard Inc                                                                        | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |       393 | NS      | $224355.84    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Telekom AG                       | Deutsche Telekom AG                                                                   | CUSIP: 000000000<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |      8085 | NS      | $262846.75    | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Sartorius AG                              | Sartorius AG                                                                          | CUSIP: 000000000<br>LEI: 529900EQV2DY4FOAMU38 | Long             | EP               | CORP              | DE        |       440 | NS      | $126687.79    | 0.56%             |  |  |  | No            |                  2 | On Loan: —       |
| MercadoLibre Inc                          | MercadoLibre Inc                                                                      | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |       110 | NS      | $221568.60    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| DBS Group Holdings Ltd                    | DBS Group Holdings Ltd                                                                | CUSIP: 000000000<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |     19120 | NS      | $838076.66    | 3.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Daikin Industries Ltd                     | Daikin Industries Ltd                                                                 | CUSIP: 000000000<br>LEI: 549300Y7FWSTSHMW5Y57 | Long             | EC               | CORP              | JP        |      1000 | NS      | $128353.43    | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Fast Retailing Co Ltd                     | Fast Retailing Co Ltd                                                                 | CUSIP: 000000000<br>LEI: 353800ZCXKHDPY0N5218 | Long             | EC               | CORP              | JP        |       790 | NS      | $288307.05    | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Hoya Corp                                 | Hoya Corp                                                                             | CUSIP: 000000000<br>LEI: 353800X4VR3BHEUCJB42 | Long             | EC               | CORP              | JP        |      2300 | NS      | $348920.03    | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| SK hynix Inc                              | SK hynix Inc                                                                          | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |       305 | NS      | $136938.51    | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Keyence Corp                              | Keyence Corp                                                                          | CUSIP: 000000000<br>LEI: 529900M7PQBS7A89DZ11 | Long             | EC               | CORP              | JP        |       700 | NS      | $253380.80    | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| BYD Co Ltd                                | BYD Co Ltd                                                                            | CUSIP: 000000000<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |      8000 | NS      | $96679.09     | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| MISUMI Group Inc                          | MISUMI Group Inc                                                                      | CUSIP: 000000000<br>LEI: 353800SJWGE5BEK2V032 | Long             | EC               | CORP              | JP        |      5511 | NS      | $86175.12     | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp                               | NVIDIA Corp                                                                           | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      1571 | NS      | $292991.50    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd                | Samsung Electronics Co Ltd                                                            | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |      2843 | NS      | $235235.59    | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd | Taiwan Semiconductor Manufacturing Co Ltd                                             | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     22000 | NS      | $1085395.93   | 4.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Boerse AG                        | Deutsche Boerse AG                                                                    | CUSIP: 000000000<br>LEI: 529900G3SW56SHYNPR95 | Long             | EC               | CORP              | DE        |      2362 | NS      | $619007.88    | 2.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                          | Roche Holding AG                                                                      | CUSIP: 000000000<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |       827 | NS      | $339715.35    | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Nestle SA                                 | Nestle SA                                                                             | CUSIP: 000000000<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |      3144 | NS      | $311617.50    | 1.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Lonza Group AG                            | Lonza Group AG                                                                        | CUSIP: 000000000<br>LEI: 549300EFW4H2TCZ71055 | Long             | EC               | CORP              | CH        |      1061 | NS      | $715626.55    | 3.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie de Saint-Gobain SA                    | Cie de Saint-Gobain SA                                                                | CUSIP: 000000000<br>LEI: NFONVGN05Z0FMN5PEC35 | Long             | EC               | CORP              | FR        |      2813 | NS      | $287360.07    | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| SLB Ltd                                   | SLB Ltd                                                                               | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |      4540 | NS      | $174245.20    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Sea Ltd                                   | Sea Ltd                                                                               | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |      1327 | NS      | $169285.39    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                               | Shopify Inc                                                                           | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |       750 | NS      | $120760.63    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| DWS                                       | DWS Central Cash Management Government Fund                                           | CUSIP: 25160K306<br>LEI: 5493003GD84DGSXJ7618 | Long             | STIV             | RF                | US        |    235156 | NS      | $235156.25    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                           | ASML Holding NV                                                                       | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |       631 | NS      | $683150.48    | 3.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Flutter Entertainment PLC                 | Flutter Entertainment PLC                                                             | CUSIP: 000000000<br>LEI: 635400EG4YIJLJMZJ782 | Long             | EC               | CORP              | IE        |       500 | NS      | $108559.26    | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Assa Abloy AB                             | Assa Abloy AB                                                                         | CUSIP: 000000000<br>LEI: 549300YECS8HKCIMMB67 | Long             | EC               | CORP              | SE        |      8219 | NS      | $318407.53    | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| BE Semiconductor Industries NV            | BE Semiconductor Industries NV                                                        | CUSIP: 000000000<br>LEI: 7245007A1YFLI2GNYX06 | Long             | EC               | CORP              | NL        |       481 | NS      | $75367.24     | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Alcon AG                                  | Alcon AG                                                                              | CUSIP: 000000000<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | CH        |      1791 | NS      | $140981.03    | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Auto1 Group SE                            | Auto1 Group SE                                                                        | CUSIP: 000000000<br>LEI: 391200S2LPXG5ZD5G304 | Long             | EC               | CORP              | DE        |      5684 | NS      | $180399.91    | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Sandoz Group AG                           | Sandoz Group AG                                                                       | CUSIP: 000000000<br>LEI: 5493000JWK6XWFEUD320 | Long             | EC               | CORP              | CH        |      5424 | NS      | $393285.97    | 1.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Techtronic Industries Co Ltd              | Techtronic Industries Co Ltd                                                          | CUSIP: 000000000<br>LEI: 549300HZW2SBE758OK89 | Long             | EC               | CORP              | HK        |     19097 | NS      | $219932.21    | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Ping An Insurance Group Co of China Ltd   | Ping An Insurance Group Co of China Ltd                                               | CUSIP: 000000000<br>LEI: 529900M9MC28JLN35U89 | Long             | EC               | CORP              | CN        |     46500 | NS      | $388518.00    | 1.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Safran SA                                 | Safran SA                                                                             | CUSIP: 000000000<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |       663 | NS      | $231828.06    | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Rentokil Initial PLC                      | Rentokil Initial PLC                                                                  | CUSIP: 000000000<br>LEI: 549300VN4WV7Z6T14K68 | Long             | EC               | CORP              | GB        |     41519 | NS      | $249725.03    | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| MTU Aero Engines AG                       | MTU Aero Engines AG                                                                   | CUSIP: 000000000<br>LEI: 529900807L67JY81RD65 | Long             | EC               | CORP              | DE        |       309 | NS      | $128184.37    | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| TotalEnergies SE                          | TotalEnergies SE                                                                      | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |      7111 | NS      | $466141.74    | 2.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Experian PLC                              | Experian PLC                                                                          | CUSIP: 000000000<br>LEI: 635400RXXHHYT1JTSZ26 | Long             | EC               | CORP              | JE        |      5874 | NS      | $266310.69    | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Vinci SA                                  | Vinci SA                                                                              | CUSIP: 000000000<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |      3735 | NS      | $527022.62    | 2.32%             |  |  |  | No            |                  2 | On Loan: No      |
| ANTA Sports Products Ltd                  | ANTA Sports Products Ltd                                                              | CUSIP: 000000000<br>LEI: 529900291XG0CTK4LF95 | Long             | EC               | CORP              | KY        |      9400 | NS      | $97149.93     | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Air Liquide SA                            | Air Liquide SA                                                                        | CUSIP: 000000000<br>LEI: 969500MMPQVHK671GT54 | Long             | EC               | CORP              | FR        |      1542 | NS      | $290373.53    | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| RELX PLC                                  | RELX PLC                                                                              | CUSIP: 000000000<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |      6390 | NS      | $259128.25    | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Brenntag SE                               | Brenntag SE                                                                           | CUSIP: 000000000<br>LEI: NNROIXVWJ7CPSR27SV97 | Long             | EC               | CORP              | DE        |      1534 | NS      | $88644.70     | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens Healthineers AG                   | Siemens Healthineers AG                                                               | CUSIP: 000000000<br>LEI: 529900QBVWXMWANH7H45 | Long             | EC               | CORP              | DE        |      4239 | NS      | $222072.90    | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Argenx SE                                 | Argenx SE                                                                             | CUSIP: 000000000<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |        23 | NS      | $19366.07     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd                 | Alibaba Group Holding Ltd                                                             | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |     11800 | NS      | $216821.46    | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                      | Tencent Holdings Ltd                                                                  | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |      7600 | NS      | $584464.59    | 2.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Argenx SE                                 | Argenx SE                                                                             | CUSIP: 000000000<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |       106 | NS      | $89252.36     | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Trip.com Group Ltd                        | Trip.com Group Ltd                                                                    | CUSIP: 000000000<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | KY        |      1550 | NS      | $110490.03    | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Universal Music Group NV                  | Universal Music Group NV                                                              | CUSIP: 000000000<br>LEI: 724500GJBUL3D9TW9Y18 | Long             | EC               | CORP              | NL        |      4983 | NS      | $130087.32    | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S                          | Novo Nordisk A/S                                                                      | CUSIP: 000000000<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |      3496 | NS      | $177997.66    | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Verisure PLC                              | Verisure PLC                                                                          | CUSIP: 000000000<br>LEI: 636700ZY9PP0NGXTA943 | Long             | EC               | CORP              | GB        |      7403 | NS      | $122322.84    | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| ABN AMRO Bank NV                          | ABN AMRO Bank NV                                                                      | CUSIP: 000000000<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | EC               | CORP              | NL        |      2400 | NS      | $84027.97     | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Adyen NV                                  | Adyen NV                                                                              | CUSIP: 000000000<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |        86 | NS      | $138759.22    | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| ING Groep NV                              | ING Groep NV                                                                          | CUSIP: 000000000<br>LEI: 549300NYKK9MWM7GGW15 | Long             | EC               | CORP              | NL        |     17623 | NS      | $497213.05    | 2.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Amer Sports Inc                           | Amer Sports Inc                                                                       | CUSIP: 000000000<br>LEI: 391200YCSWTRD1J21867 | Long             | EC               | CORP              | KY        |      4171 | NS      | $155786.85    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                                   | CRH PLC                                                                               | CUSIP: 000000000<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |       940 | NS      | $117312.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Klarna Group PLC                          | Klarna Group PLC                                                                      | CUSIP: 000000000<br>LEI: 636700HER4JIK7GZUN17 | Long             | EC               | CORP              | GB        |      1407 | NS      | $40676.37     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Sportradar Group AG                       | Sportradar Group AG                                                                   | CUSIP: 000000000<br>LEI: 549300H1P33YOAT7Z533 | Long             | EC               | CORP              | CH        |      5535 | NS      | $131566.95    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Globant SA                                | Globant SA                                                                            | CUSIP: 000000000<br>LEI: 2221008DCMSPYS42DS88 | Long             | EC               | CORP              | LU        |      2477 | NS      | $161921.49    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                     | Spotify Technology SA                                                                 | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |       916 | NS      | $531930.36    | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Birkenstock Holding Plc                   | Birkenstock Holding Plc                                                               | CUSIP: 000000000<br>LEI: 529900CQ8LQKQ7LIT631 | Long             | EC               | CORP              | JE        |      1881 | NS      | $76932.90     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Cellebrite DI Ltd                         | Cellebrite DI Ltd                                                                     | CUSIP: 000000000<br>LEI: 254900G03462YGP1IO36 | Long             | EC               | CORP              | IL        |      4683 | NS      | $84434.49     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Check Point Software Technologies Ltd     | Check Point Software Technologies Ltd                                                 | CUSIP: 000000000<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | IL        |       600 | NS      | $111336.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                     | NXP Semiconductors NV                                                                 | CUSIP: 000000000<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |       457 | NS      | $99196.42     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Stevanato Group SpA                       | Stevanato Group SpA                                                                   | CUSIP: 000000000<br>LEI: 81560033F7E1CD477507 | Long             | EC               | CORP              | IT        |      7615 | NS      | $153213.80    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-21

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

**Signature:** Diane Kenneally

**Name of Signer:** Diane Kenneally

**Title:** Treasurer and Chief Financial Officer