# EDGAR Filing Document

**Accession Number:** 0000764797
**File Stem:** 0001410368-26-055428
**Filing Date:** 2026-5
**Character Count:** 40166
**Document Hash:** 41b644721d8dd2601d37a7c38268aca2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-055428.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001410368-26-055428

**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:** 261034454

**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 Capital Growth VIP (Series ID: S000006245)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000017180 | Class A      |  |

## Nport-Ex

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

**DWS Capital Growth VIP** 

---

| | | |
|:---|:---|:---|
|  | **Shares**  | **Value ($)** |
| **Common Stocks 99.8%** | **Common Stocks 99.8%** |  |
| **Communication Services 14.9%** | **Communication Services 14.9%** |  |
| **Entertainment 4.3%** | **Entertainment 4.3%** |  |
| Live Nation Entertainment, Inc.\*  | 49921 | &nbsp;&nbsp; 7613452 |
| Netflix, Inc.\*  | 127503 | &nbsp;&nbsp; 12259413 |
| ROBLOX Corp. "A"\*  | 78959 | &nbsp;&nbsp; 4465921 |
| Spotify Technology SA\*  | 26978 | &nbsp;&nbsp; 13081902 |
|  |  | &nbsp;&nbsp; **37420688** |
| **Interactive Media & Services 10.6%** | **Interactive Media & Services 10.6%** |  |
| Alphabet, Inc. "A"  | 117330 | &nbsp;&nbsp; 33739415 |
| Alphabet, Inc. "C"  | 93322 | &nbsp;&nbsp; 26770349 |
| Meta Platforms, Inc. "A"  | 55215 | &nbsp;&nbsp; 31590158 |
|  |  | &nbsp;&nbsp; **92099922** |
| **Consumer Discretionary 8.1%** | **Consumer Discretionary 8.1%** |  |
| **Automobiles 0.7%** | **Automobiles 0.7%** |  |
| Tesla, Inc.\* | 16281 | &nbsp;&nbsp; **6052462** |
| **Broadline Retail 4.6%** | **Broadline Retail 4.6%** |  |
| Amazon.com, Inc.\* | 192204 | &nbsp;&nbsp; **40030327** |
| **Hotels, Restaurants & Leisure 0.5%** | **Hotels, Restaurants & Leisure 0.5%** |  |
| Planet Fitness, Inc. "A"\* | 56943 | &nbsp;&nbsp; **4235420** |
| **Household Durables 0.8%** | **Household Durables 0.8%** |  |
| SharkNinja, Inc.\* | 68524 | &nbsp;&nbsp; **7256691** |
| **Specialty Retail 1.2%** | **Specialty Retail 1.2%** |  |
| Burlington Stores, Inc.\*  | 20727 | &nbsp;&nbsp; 6744151 |
| Home Depot, Inc.  | 12978 | &nbsp;&nbsp; 4268335 |
|  |  | &nbsp;&nbsp; **11012486** |
| **Textiles, Apparel & Luxury Goods 0.3%** | **Textiles, Apparel & Luxury Goods 0.3%** |  |
| Amer Sports, Inc.\* | 76017 | &nbsp;&nbsp; **2502480** |
| **Consumer Staples 0.8%** | **Consumer Staples 0.8%** |  |
| **Consumer Staples Distribution & Retail 0.8%** | **Consumer Staples Distribution & Retail 0.8%** |  |
| Costco Wholesale Corp. | 6925 | &nbsp;&nbsp; **6900278** |
| **Financials 4.4%** | **Financials 4.4%** |  |
| **Capital Markets 0.9%** | **Capital Markets 0.9%** |  |
| Moody's Corp. | 18229 | &nbsp;&nbsp; **7952401** |
| **Financial Services 3.5%** | **Financial Services 3.5%** |  |
| Mastercard, Inc. "A"  | 38608 | &nbsp;&nbsp; 19290874 |
| Visa, Inc. "A"  | 38101 | &nbsp;&nbsp; 11515646 |
|  |  | &nbsp;&nbsp; **30806520** |

---

------

---

| | | |
|:---|:---|:---|
| **Health Care 7.7%** | **Health Care 7.7%** |  |
| **Health Care Equipment & Supplies 3.9%** | **Health Care Equipment & Supplies 3.9%** |  |
| Boston Scientific Corp.\*  | 116976 | &nbsp;&nbsp; 7340244 |
| Dexcom, Inc.\*  | 91430 | &nbsp;&nbsp; 5741804 |
| Insulet Corp.\*  | 18653 | &nbsp;&nbsp; 3914146 |
| Intuitive Surgical, Inc.\*  | 16879 | &nbsp;&nbsp; 7781050 |
| Stryker Corp.  | 28061 | &nbsp;&nbsp; 9220564 |
|  |  | &nbsp;&nbsp; **33997808** |
| **Health Care Technology 0.3%** | **Health Care Technology 0.3%** |  |
| Waystar Holding Corp.\* | 95746 | &nbsp;&nbsp; **2308436** |
| **Life Sciences Tools & Services 1.6%** | **Life Sciences Tools & Services 1.6%** |  |
| Danaher Corp.  | 14269 | &nbsp;&nbsp; 2705403 |
| Stevanato Group SpA  | 141148 | &nbsp;&nbsp; 1940785 |
| Thermo Fisher Scientific, Inc.  | 18544 | &nbsp;&nbsp; 9114932 |
|  |  | &nbsp;&nbsp; **13761120** |
| **Pharmaceuticals 1.9%** | **Pharmaceuticals 1.9%** |  |
| Eli Lilly & Co. | 18394 | &nbsp;&nbsp; **16918249** |
| **Industrials 11.4%** | **Industrials 11.4%** |  |
| **Aerospace & Defense 2.8%** | **Aerospace & Defense 2.8%** |  |
| Axon Enterprise, Inc.\*  | 13178 | &nbsp;&nbsp; 5596565 |
| Curtiss-Wright Corp.  | 4768 | &nbsp;&nbsp; 3247580 |
| GE Aerospace  | 16604 | &nbsp;&nbsp; 4711717 |
| Karman Holdings, Inc.\*  | 78835 | &nbsp;&nbsp; 6310742 |
| TransDigm Group, Inc.  | 3854 | &nbsp;&nbsp; 4466632 |
|  |  | &nbsp;&nbsp; **24333236** |
| **Construction & Engineering 1.5%** | **Construction & Engineering 1.5%** |  |
| Quanta Services, Inc. | 23823 | &nbsp;&nbsp; **13079303** |
| **Electrical Equipment 4.8%** | **Electrical Equipment 4.8%** |  |
| AMETEK, Inc.  | 39287 | &nbsp;&nbsp; 8421561 |
| Bloom Energy Corp. "A"\*  | 27693 | &nbsp;&nbsp; 3752125 |
| Eaton Corp. PLC  | 37058 | &nbsp;&nbsp; 13254535 |
| GE Vernova, Inc.  | 6798 | &nbsp;&nbsp; 5933974 |
| Vertiv Holdings Co. "A"  | 42417 | &nbsp;&nbsp; 10628852 |
|  |  | &nbsp;&nbsp; **41991047** |
| **Ground Transportation 0.6%** | **Ground Transportation 0.6%** |  |
| Uber Technologies, Inc.\* | 66455 | &nbsp;&nbsp; **4780108** |
| **Machinery 0.6%** | **Machinery 0.6%** |  |
| RBC Bearings, Inc.\* | 10167 | &nbsp;&nbsp; **5521901** |
| **Professional Services 0.7%** | **Professional Services 0.7%** |  |
| TransUnion  | 48395 | &nbsp;&nbsp; 3348450 |
| Verisk Analytics, Inc.  | 15256 | &nbsp;&nbsp; 2894826 |
|  |  | &nbsp;&nbsp; **6243276** |
| **Trading Companies & Distributors 0.4%** | **Trading Companies & Distributors 0.4%** |  |
| QXO, Inc.\* | 185122 | &nbsp;&nbsp; **3595069** |
| **Information Technology 50.9%** | **Information Technology 50.9%** |  |
| **Communications Equipment 0.8%** | **Communications Equipment 0.8%** |  |
| Arista Networks, Inc.\* | 58123 | &nbsp;&nbsp; **7136342** |

---

------

---

| | | |
|:---|:---|:---|
| **Electronic Equipment, Instruments & Components 0.9%** | **Electronic Equipment, Instruments & Components 0.9%** |  |
| Amphenol Corp. "A" | 61208 | &nbsp;&nbsp; **7733631** |
| **IT Services 2.1%** | **IT Services 2.1%** |  |
| Cloudflare, Inc. "A"\*  | 41413 | &nbsp;&nbsp; 8545158 |
| MongoDB, Inc.\*  | 25743 | &nbsp;&nbsp; 6301114 |
| Snowflake, Inc.\*  | 23563 | &nbsp;&nbsp; 3553772 |
|  |  | &nbsp;&nbsp; **18400044** |
| **Semiconductors & Semiconductor Equipment 23.4%** | **Semiconductors & Semiconductor Equipment 23.4%** |  |
| Analog Devices, Inc.  | 34996 | &nbsp;&nbsp; 11133627 |
| Applied Materials, Inc.  | 34583 | &nbsp;&nbsp; 11820124 |
| Broadcom, Inc.  | 140367 | &nbsp;&nbsp; 43444990 |
| Lam Research Corp.  | 23203 | &nbsp;&nbsp; 4957553 |
| Marvell Technology, Inc.  | 75544 | &nbsp;&nbsp; 7482633 |
| Micron Technology, Inc.  | 7640 | &nbsp;&nbsp; 2581098 |
| NVIDIA Corp.  | 699897 | &nbsp;&nbsp; 122062037 |
|  |  | &nbsp;&nbsp; **203482062** |
| **Software 14.5%** | **Software 14.5%** |  |
| Dynatrace, Inc.\*  | 170360 | &nbsp;&nbsp; 6299913 |
| Guidewire Software, Inc.\*  | 54171 | &nbsp;&nbsp; 8101815 |
| Intuit, Inc.  | 13063 | &nbsp;&nbsp; 5648180 |
| Microsoft Corp.  | 206134 | &nbsp;&nbsp; 76304623 |
| Oracle Corp.  | 30021 | &nbsp;&nbsp; 4416389 |
| Palantir Technologies, Inc. "A"\*  | 31698 | &nbsp;&nbsp; 4636783 |
| Samsara, Inc. "A"\*  | 114998 | &nbsp;&nbsp; 3644287 |
| ServiceNow, Inc.\*  | 77651 | &nbsp;&nbsp; 8118412 |
| Synopsys, Inc.\*  | 22247 | &nbsp;&nbsp; 8820490 |
|  |  | &nbsp;&nbsp; **125990892** |
| **Technology Hardware, Storage & Peripherals 9.2%** | **Technology Hardware, Storage & Peripherals 9.2%** |  |
| Apple, Inc. | 317468 | &nbsp;&nbsp; **80570204** |
| **Materials 0.7%** | **Materials 0.7%** |  |
| **Construction Materials 0.7%** | **Construction Materials 0.7%** |  |
| Vulcan Materials Co. | 21187 | &nbsp;&nbsp; **5769220** |
| **Real Estate 0.9%** | **Real Estate 0.9%** |  |
| **Real Estate Management & Development 0.9%** | **Real Estate Management & Development 0.9%** |  |
| CBRE Group, Inc. "A"\*  | 31960 | &nbsp;&nbsp; 4329302 |
| CoStar Group, Inc.\*  | 78960 | &nbsp;&nbsp; 3185246 |
|  |  | &nbsp;&nbsp; **7514548** |
| **Total Common Stocks** (Cost $327,629,403) | **Total Common Stocks** (Cost $327,629,403) | &nbsp;&nbsp; **869396171** |
| **Cash Equivalents 0.4%** | **Cash Equivalents 0.4%** | **Cash Equivalents 0.4%** |
| DWS Central Cash Management Government Fund, 3.66% (a) (Cost $3,197,401) | 3197401 | &nbsp;&nbsp; **3197401** |

---

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

---

| | | |
|:---|:---|:---|
|  | **% of** <br>**Net Assets**<br>| **Value ($)** |
| **Total Investment Portfolio** (Cost $330,826,804) | 100.2 | &nbsp;&nbsp; **872593572** |
| **Other Assets and Liabilities, Net**  | (0.2)<br>| &nbsp;&nbsp; **(1384618)**<br>|
| **Net Assets** | 100.0 | &nbsp;&nbsp; **871208954** |

---

*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 0.0%** | **Securities Lending Collateral 0.0%** | **Securities Lending Collateral 0.0%** | **Securities Lending Collateral 0.0%** | **Securities Lending Collateral 0.0%** | **Securities Lending Collateral 0.0%** | **Securities Lending Collateral 0.0%** | **Securities Lending Collateral 0.0%** | **Securities Lending Collateral 0.0%** |
| DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.55% (a) (b) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.55% (a) (b) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.55% (a) (b) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.55% (a) (b) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.55% (a) (b) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.55% (a) (b) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.55% (a) (b) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.55% (a) (b) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.55% (a) (b) |
| 309561  | —  | 309,561 (c) | —  | —  | 322  | —  | —  | —  |
| **Cash Equivalents 0.4%** | **Cash Equivalents 0.4%** | **Cash Equivalents 0.4%** | **Cash Equivalents 0.4%** | **Cash Equivalents 0.4%** | **Cash Equivalents 0.4%** | **Cash Equivalents 0.4%** | **Cash Equivalents 0.4%** | **Cash Equivalents 0.4%** |
| DWS Central Cash Management Government Fund, 3.66% (a) | DWS Central Cash Management Government Fund, 3.66% (a) | DWS Central Cash Management Government Fund, 3.66% (a) | DWS Central Cash Management Government Fund, 3.66% (a) | DWS Central Cash Management Government Fund, 3.66% (a) | DWS Central Cash Management Government Fund, 3.66% (a) | DWS Central Cash Management Government Fund, 3.66% (a) | DWS Central Cash Management Government Fund, 3.66% (a) | DWS Central Cash Management Government Fund, 3.66% (a) |
| 3900456  | 48002401  | 48705456  | —  | —  | 24490  | —  | 3197401  | 3197401  |
| **4210017** | **48002401** | **49015017** | **—** | **—** | **24812** | **—** | **3197401** | **3197401** |

---

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

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

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

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

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

***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 (a) | $869396171 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $869396171 |
| Short-Term Investments  | 3197401 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 3197401 |
| **Total** | **$872593572** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$872593572** |

---

&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.

VS1capgro-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 Capital Growth VIP

- **b. EDGAR series identifier (if any):** S000006245

- **c. LEI of Series:** MEQ3M8POONZM1IILW734

**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:** $872687701.48

**Total Liabilities:** $487014.77

**Net Assets:** $872200686.71

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000017180 | -1.91%               | -3.58%               | -5.76%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $25045760.21             | $-44591126.39                              |
| Month 2  | $-2498636.87             | $-32825003.99                              |
| Month 3  | $22412261.76             | $-76389589.30                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alphabet Inc                  | Alphabet Inc                                | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     93322 | NS      | $26770348.92  | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                  | Alphabet Inc                                | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    117330 | NS      | $33739414.80  | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                | Amazon.com Inc                              | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    192204 | NS      | $40030327.08  | 4.59%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK Inc                    | AMETEK Inc                                  | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |     39287 | NS      | $8421561.32   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                 | Amphenol Corp                               | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     61208 | NS      | $7733630.80   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc            | Analog Devices Inc                          | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     34996 | NS      | $11133627.44  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                     | Apple Inc                                   | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    317468 | NS      | $80570203.72  | 9.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc         | Applied Materials Inc                       | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     34583 | NS      | $11820123.57  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc           | Arista Networks Inc                         | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     58123 | NS      | $7136341.94   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc           | Axon Enterprise Inc                         | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |     13178 | NS      | $5596564.82   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloom Energy Corp             | Bloom Energy Corp                           | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |     27693 | NS      | $3752124.57   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp        | Boston Scientific Corp                      | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |    116976 | NS      | $7340244.00   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                  | Broadcom Inc                                | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    140367 | NS      | $43444990.17  | 4.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Burlington Stores Inc         | Burlington Stores Inc                       | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |     20727 | NS      | $6744151.26   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group Inc                | CBRE Group Inc                              | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |     31960 | NS      | $4329301.60   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                | Cloudflare Inc                              | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |     41413 | NS      | $8545158.42   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp         | Costco Wholesale Corp                       | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      6925 | NS      | $6900277.75   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| CoStar Group Inc              | CoStar Group Inc                            | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Long             | EC               | CORP              | US        |     78960 | NS      | $3185246.40   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp           | Curtiss-Wright Corp                         | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |      4768 | NS      | $3247580.16   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                  | Danaher Corp                                | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     14269 | NS      | $2705402.40   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexcom Inc                    | Dexcom Inc                                  | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |     91430 | NS      | $5741804.00   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynatrace Inc                 | Dynatrace Inc                               | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Long             | EC               | CORP              | US        |    170360 | NS      | $6299912.80   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc            | Meta Platforms Inc                          | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     55215 | NS      | $31590157.95  | 3.62%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                | GE Vernova Inc                              | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |      6798 | NS      | $5933974.20   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Aerospace                  | GE Aerospace                                | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     16604 | NS      | $4711717.08   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc        | Guidewire Software Inc                      | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |     54171 | NS      | $8101814.76   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The            | Home Depot Inc/The                          | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     12978 | NS      | $4268334.42   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corp                  | Insulet Corp                                | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |     18653 | NS      | $3914145.52   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                    | Intuit Inc                                  | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     13063 | NS      | $5648179.94   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc        | Intuitive Surgical Inc                      | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |     16879 | NS      | $7781050.21   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Karman Holdings Inc           | Karman Holdings Inc                         | CUSIP: 485924104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     78835 | NS      | $6310741.75   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp             | Lam Research Corp                           | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     23203 | NS      | $4957552.98   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                | Eli Lilly & Co                              | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     18394 | NS      | $16918249.38  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment Inc | Live Nation Entertainment Inc               | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |     49921 | NS      | $7613451.71   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc        | Marvell Technology Inc                      | CUSIP: 573874104<br>LEI: 254900WVU0BM7ZCJ9E93 | Long             | EC               | CORP              | US        |     75544 | NS      | $7482633.20   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                | Mastercard Inc                              | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     38608 | NS      | $19290873.28  | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                | Microsoft Corp                              | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    206134 | NS      | $76304622.78  | 8.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc         | Micron Technology Inc                       | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      7640 | NS      | $2581097.60   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| MongoDB Inc                   | MongoDB Inc                                 | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |     25743 | NS      | $6301114.11   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp                  | Moody's Corp                                | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |     18229 | NS      | $7952401.25   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                   | Netflix Inc                                 | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |    127503 | NS      | $12259413.45  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                   | NVIDIA Corp                                 | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    699897 | NS      | $122062036.80 | 13.99%            |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                   | Oracle Corp                                 | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     30021 | NS      | $4416389.31   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc     | Palantir Technologies Inc                   | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     31698 | NS      | $4636783.44   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Fitness Inc            | Planet Fitness Inc                          | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |     56943 | NS      | $4235420.34   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc           | Quanta Services Inc                         | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |     23823 | NS      | $13079303.46  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings Inc              | RBC Bearings Inc                            | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10167 | NS      | $5521901.04   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX Corp                   | ROBLOX Corp                                 | CUSIP: 771049103<br>LEI: 529900ANZDBDFU91SO19 | Long             | EC               | CORP              | US        |     78959 | NS      | $4465921.04   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsara Inc                   | Samsara Inc                                 | CUSIP: 79589L106<br>LEI: 529900IE80DQBIFK3M88 | Long             | EC               | CORP              | US        |    114998 | NS      | $3644286.62   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                | ServiceNow Inc                              | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |     77651 | NS      | $8118412.05   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| QXO Inc                       | QXO Inc                                     | CUSIP: 82846H405<br>LEI: 549300HDXQWWCBOYXP31 | Long             | EC               | CORP              | US        |    185122 | NS      | $3595069.24   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake Inc                 | Snowflake Inc                               | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |     23563 | NS      | $3553771.66   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp                  | Stryker Corp                                | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |     28061 | NS      | $9220563.99   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                  | Synopsys Inc                                | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |     22247 | NS      | $8820490.56   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                     | Tesla Inc                                   | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     16281 | NS      | $6052461.75   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc  | Thermo Fisher Scientific Inc                | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |     18544 | NS      | $9114932.32   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Group Inc           | TransDigm Group Inc                         | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3854 | NS      | $4466631.84   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| TransUnion                    | TransUnion                                  | CUSIP: 89400J107<br>LEI: 549300ZS772LUNUMRB03 | Long             | EC               | CORP              | US        |     48395 | NS      | $3348450.05   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc         | Uber Technologies Inc                       | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     66455 | NS      | $4780108.15   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc          | Verisk Analytics Inc                        | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |     15256 | NS      | $2894826.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co            | Vertiv Holdings Co                          | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |     42417 | NS      | $10628851.86  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                      | Visa Inc                                    | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     38101 | NS      | $11515646.24  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Co           | Vulcan Materials Co                         | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |     21187 | NS      | $5769220.10   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Waystar Holding Corp          | Waystar Holding Corp                        | CUSIP: 946784105<br>LEI: 529900QJLKXDYU36MH89 | Long             | EC               | CORP              | US        |     95746 | NS      | $2308436.06   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| DWS                           | DWS Central Cash Management Government Fund | CUSIP: 25160K306<br>LEI: 5493003GD84DGSXJ7618 | Long             | STIV             | RF                | US        |   3190584 | NS      | $3190584.05   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Amer Sports Inc               | Amer Sports Inc                             | CUSIP: 000000000<br>LEI: 391200YCSWTRD1J21867 | Long             | EC               | CORP              | KY        |     76017 | NS      | $2502479.64   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                | Eaton Corp PLC                              | CUSIP: 000000000<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |     37058 | NS      | $13254534.86  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| SharkNinja Inc                | SharkNinja Inc                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     68524 | NS      | $7256691.60   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA         | Spotify Technology SA                       | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |     26978 | NS      | $13081901.98  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Stevanato Group SpA           | Stevanato Group SpA                         | CUSIP: 000000000<br>LEI: 81560033F7E1CD477507 | Long             | EC               | CORP              | IT        |    141148 | NS      | $1940785.00   | 0.22%             |  |  |  | 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