# EDGAR Filing Document

**Accession Number:** 0000764797
**File Stem:** 0001752724-25-200352
**Filing Date:** 2025-8
**Character Count:** 34301
**Document Hash:** e7efaa69ea55f4631174f0fc84005216
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-200352.hdr.sgml**: 20250822

**ACCESSION NUMBER**: 0001752724-25-200352

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250822

**DATE AS OF CHANGE**: 20250822

**PERIOD START**: 20251231

**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:** 251245983

**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 CROCI International VIP (Series ID: S000006249)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000017188 | 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 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 CROCI(R) International VIP

- **b. EDGAR series identifier (if any):** S000006249

- **c. LEI of Series:** RQ5883A3XMVI5IWNGH18

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

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

- **b. Date as of which information is reported:** 2025-06-30

**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:** $81313551.55

**Total Liabilities:** $759429.19

**Net Assets:** $80554122.36

**Cash Not Reported:** $14812.35

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000017188 | 2.05%                | 3.12%                | 2.56%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2253685.03              | $-1398518.39                               |
| Month 2  | $3364061.40              | $-1453509.94                               |
| Month 3  | $-786.17                 | $1870594.18                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Imperial Brands PLC                          | Imperial Brands PLC                                                                   | CUSIP: 000000000<br>LEI: 549300DFVPOB67JL3A42 | Long             | EC               | CORP              | GB        |     59501 | NS      | $2349594.94   | 2.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Nokia Oyj                                    | Nokia Oyj                                                                             | CUSIP: 000000000<br>LEI: 549300A0JPRWG1KI7U06 | Long             | EC               | CORP              | FI        |    102796 | NS      | $533435.30    | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| International Consolidated Airlines Group SA | International Consolidated Airlines Group SA                                          | CUSIP: 000000000<br>LEI: 959800TZHQRUSH1ESL13 | Long             | EC               | CORP              | ES        |     99011 | NS      | $462934.23    | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Volvo AB                                     | Volvo AB                                                                              | CUSIP: 000000000<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               | CORP              | SE        |     60254 | NS      | $1691715.18   | 2.10%             |  |  |  | No            |                  2 | On Loan: No      |
| British American Tobacco PLC                 | British American Tobacco PLC                                                          | CUSIP: 000000000<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |     63441 | NS      | $3009687.90   | 3.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Holcim AG                                    | Holcim AG                                                                             | CUSIP: 000000000<br>LEI: 529900EHPFPYHV6IQO98 | Long             | EC               | CORP              | CH        |     11326 | NS      | $842872.46    | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                               | BNP Paribas SA                                                                        | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |     14402 | NS      | $1298034.00   | 1.61%             |  |  |  | No            |                  2 | On Loan: No      |
| James Hardie Industries PLC                  | James Hardie Industries PLC                                                           | CUSIP: 000000000<br>LEI: 635400NSGXKTVOO7JU45 | Long             | EC               | CORP              | IE        |     13089 | NS      | $356847.38    | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                          | Societe Generale SA                                                                   | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | EC               | CORP              | FR        |      3655 | NS      | $209637.16    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Reckitt Benckiser Group PLC                  | Reckitt Benckiser Group PLC                                                           | CUSIP: 000000000<br>LEI: 5493003JFSMOJG48V108 | Long             | EC               | CORP              | GB        |      4742 | NS      | $322234.58    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Electron Ltd                           | Tokyo Electron Ltd                                                                    | CUSIP: 000000000<br>LEI: 549300H5LSF8DP3RIJ34 | Long             | EC               | CORP              | JP        |      1200 | NS      | $229153.15    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Henkel AG & Co KGaA                          | Henkel AG & Co KGaA                                                                   | CUSIP: 000000000<br>LEI: 549300VZCL1HTH4O4Y49 | Long             | EP               | CORP              | DE        |     16996 | NS      | $1334903.46   | 1.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                     | Lloyds Banking Group PLC                                                              | CUSIP: 000000000<br>LEI: 549300PPXHEU2JF0AM85 | Long             | EC               | CORP              | GB        |    514439 | NS      | $542179.89    | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Hong Kong & China Gas Co Ltd                 | Hong Kong & China Gas Co Ltd                                                          | CUSIP: 000000000<br>LEI: 254900P7BETXGC7YU827 | Long             | EC               | CORP              | HK        |    610000 | NS      | $513262.55    | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortum Oyj                                   | Fortum Oyj                                                                            | CUSIP: 000000000<br>LEI: 635400IUIZZIUJSAMF76 | Long             | EC               | CORP              | FI        |     22770 | NS      | $426007.48    | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Sodexo SA                                    | Sodexo SA                                                                             | CUSIP: 000000000<br>LEI: 969500LCBOG12HXPYM84 | Long             | EC               | CORP              | FR        |      4220 | NS      | $259526.23    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                             | Roche Holding AG                                                                      | CUSIP: 000000000<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |      6446 | NS      | $2096386.40   | 2.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Otsuka Holdings Co Ltd                       | Otsuka Holdings Co Ltd                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     14300 | NS      | $708073.49    | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| TotalEnergies SE                             | TotalEnergies SE                                                                      | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |     37089 | NS      | $2271688.32   | 2.82%             |  |  |  | No            |                  2 | On Loan: No      |
| NatWest Group PLC                            | NatWest Group PLC                                                                     | CUSIP: 000000000<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EC               | CORP              | GB        |     88990 | NS      | $625414.09    | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Enel SpA                                     | Enel SpA                                                                              | CUSIP: 000000000<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |     34825 | NS      | $331077.73    | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Dentsu Group Inc                             | Dentsu Group Inc                                                                      | CUSIP: 000000000<br>LEI: 5299007PBBE83ZLJZG91 | Long             | EC               | CORP              | JP        |     31200 | NS      | $691911.52    | 0.86%             |  |  |  | No            |                  2 | On Loan: —       |
| GSK PLC                                      | GSK PLC                                                                               | CUSIP: 000000000<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | GB        |     64167 | NS      | $1220672.72   | 1.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Danske Bank A/S                              | Danske Bank A/S                                                                       | CUSIP: 000000000<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | EC               | CORP              | DK        |     22648 | NS      | $924743.16    | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Subaru Corp                                  | Subaru Corp                                                                           | CUSIP: 000000000<br>LEI: 549300N244BVAEE6HH86 | Long             | EC               | CORP              | JP        |     78700 | NS      | $1368944.23   | 1.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Yue Yuen Industrial Holdings Ltd             | Yue Yuen Industrial Holdings Ltd                                                      | CUSIP: 000000000<br>LEI: 254900YUFIBANZ1XU687 | Long             | EC               | CORP              | BM        |    590000 | NS      | $903002.33    | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Astellas Pharma Inc                          | Astellas Pharma Inc                                                                   | CUSIP: 000000000<br>LEI: 529900IB708DY2HBBB35 | Long             | EC               | CORP              | JP        |    155800 | NS      | $1529606.24   | 1.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Central Japan Railway Co                     | Central Japan Railway Co                                                              | CUSIP: 000000000<br>LEI: 353800YAR3OVUITHTG64 | Long             | EC               | CORP              | JP        |     12900 | NS      | $289152.40    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Nestle SA                                    | Nestle SA                                                                             | CUSIP: 000000000<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |      8822 | NS      | $877426.68    | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| DWS                                          | DWS Government & Agency Securities Portfolio DWS Government Cash Institutional Shares | CUSIP: 147539670<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    651000 | NS      | $651000.00    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Osaka Gas Co Ltd                             | Osaka Gas Co Ltd                                                                      | CUSIP: 000000000<br>LEI: 353800024KMNOPQRWZ02 | Long             | EC               | CORP              | JP        |      9000 | NS      | $231089.99    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Nitto Denko Corp                             | Nitto Denko Corp                                                                      | CUSIP: 000000000<br>LEI: 3538009GX5P09USH2J25 | Long             | EC               | CORP              | JP        |     73800 | NS      | $1421581.33   | 1.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                          | Intesa Sanpaolo SpA                                                                   | CUSIP: 000000000<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | EC               | CORP              | IT        |    262749 | NS      | $1517085.07   | 1.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Pernod Ricard SA                             | Pernod Ricard SA                                                                      | CUSIP: 000000000<br>LEI: 52990097YFPX9J0H5D87 | Long             | EC               | CORP              | FR        |      2777 | NS      | $276564.33    | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Shin-Etsu Chemical Co Ltd                    | Shin-Etsu Chemical Co Ltd                                                             | CUSIP: 000000000<br>LEI: 353800PX8Q64N86H5W41 | Long             | EC               | CORP              | JP        |     10900 | NS      | $359823.00    | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Credit Agricole SA                           | Credit Agricole SA                                                                    | CUSIP: 000000000<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | EC               | CORP              | FR        |     57992 | NS      | $1098048.77   | 1.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Motor Corp                            | Toyota Motor Corp                                                                     | CUSIP: 000000000<br>LEI: 5493006W3QUS5LMH6R84 | Long             | EC               | CORP              | JP        |     12800 | NS      | $220693.53    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Telekom AG                          | Deutsche Telekom AG                                                                   | CUSIP: 000000000<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |     16554 | NS      | $604415.31    | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| easyJet PLC                                  | easyJet PLC                                                                           | CUSIP: 000000000<br>LEI: 2138001S47XKWIB7TH90 | Long             | EC               | CORP              | GB        |     41648 | NS      | $304276.37    | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| HOCHTIEF AG                                  | HOCHTIEF AG                                                                           | CUSIP: 000000000<br>LEI: 529900Y25S8NZIYTT924 | Long             | EC               | CORP              | DE        |      1160 | NS      | $228833.42    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsui OSK Lines Ltd                         | Mitsui OSK Lines Ltd                                                                  | CUSIP: 000000000<br>LEI: 353800P8O843TMAZ6S09 | Long             | EC               | CORP              | JP        |     37600 | NS      | $1255213.30   | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Rio Tinto PLC                                | Rio Tinto PLC                                                                         | CUSIP: 000000000<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |     23487 | NS      | $1369191.66   | 1.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Ono Pharmaceutical Co Ltd                    | Ono Pharmaceutical Co Ltd                                                             | CUSIP: 000000000<br>LEI: 529900G26L4NG4GFJZ86 | Long             | EC               | CORP              | JP        |    172000 | NS      | $1860383.47   | 2.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Anheuser-Busch InBev SA/NV                   | Anheuser-Busch InBev SA/NV                                                            | CUSIP: 000000000<br>LEI: 5493008H3828EMEXB082 | Long             | EC               | CORP              | BE        |      2934 | NS      | $201810.24    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Verbund AG                                   | Verbund AG                                                                            | CUSIP: 000000000<br>LEI: 5299006UDSEJCTTEJS30 | Long             | EC               | CORP              | AT        |     14442 | NS      | $1109121.86   | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| DWS                                          | DWS Central Cash Management Government Fund                                           | CUSIP: 25160K306<br>LEI: 5493003GD84DGSXJ7618 | Long             | STIV             | RF                | US        |    623333 | NS      | $623333.38    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| ITV PLC                                      | ITV PLC                                                                               | CUSIP: 000000000<br>LEI: ZLECI7ED2QMWFGYCXZ59 | Long             | EC               | CORP              | GB        |   1288452 | NS      | $1457862.00   | 1.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Sekisui House Ltd                            | Sekisui House Ltd                                                                     | CUSIP: 000000000<br>LEI: 529900GMNDOYQSAJAE76 | Long             | EC               | CORP              | JP        |     36600 | NS      | $807082.49    | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Carnival PLC                                 | Carnival PLC                                                                          | CUSIP: 000000000<br>LEI: 4DR1VPDQMHD3N3QW8W95 | Long             | EC               | CORP              | GB        |      9480 | NS      | $240223.67    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Komatsu Ltd                                  | Komatsu Ltd                                                                           | CUSIP: 000000000<br>LEI: 5493004LQ0B4T7QPQV17 | Long             | EC               | CORP              | JP        |     73800 | NS      | $2423736.72   | 3.01%             |  |  |  | No            |                  2 | On Loan: No      |
| UniCredit SpA                                | UniCredit SpA                                                                         | CUSIP: 000000000<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |     30391 | NS      | $2043122.84   | 2.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Suzuki Motor Corp                            | Suzuki Motor Corp                                                                     | CUSIP: 000000000<br>LEI: 353800D83H0V3ZV1SV24 | Long             | EC               | CORP              | JP        |     62700 | NS      | $757837.12    | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| BHP Group Ltd                                | BHP Group Ltd                                                                         | CUSIP: 000000000<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |     71804 | NS      | $1733640.36   | 2.15%             |  |  |  | No            |                  2 | On Loan: No      |
| TUI AG                                       | TUI AG                                                                                | CUSIP: 000000000<br>LEI: 529900SL2WSPV293B552 | Long             | EC               | CORP              | DE        |     22693 | NS      | $198449.92    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| ANA Holdings Inc                             | ANA Holdings Inc                                                                      | CUSIP: 000000000<br>LEI: 5493008IRKIY0G3TE305 | Long             | EC               | CORP              | JP        |     12800 | NS      | $250507.87    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Amrize Ltd                                   | Amrize Ltd                                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |     11326 | NS      | $564979.62    | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayer AG                                     | Bayer AG                                                                              | CUSIP: 000000000<br>LEI: 549300J4U55H3WP1XT59 | Long             | EC               | CORP              | DE        |     12834 | NS      | $386736.46    | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanofi SA                                    | Sanofi SA                                                                             | CUSIP: 000000000<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |     18005 | NS      | $1739548.62   | 2.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Vinci SA                                     | Vinci SA                                                                              | CUSIP: 000000000<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |      8243 | NS      | $1216090.29   | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays PLC                                 | Barclays PLC                                                                          | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |    187009 | NS      | $864440.00    | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Tenaris SA                                   | Tenaris SA                                                                            | CUSIP: 000000000<br>LEI: 549300Y7C05BKC4HZB40 | Long             | EC               | CORP              | LU        |    106458 | NS      | $1997900.31   | 2.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander SA                           | Banco Santander SA                                                                    | CUSIP: 000000000<br>LEI: 5493006QMFDDMYWIAM13 | Long             | EC               | CORP              | ES        |    285933 | NS      | $2365683.88   | 2.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Oversea-Chinese Banking Corp Ltd             | Oversea-Chinese Banking Corp Ltd                                                      | CUSIP: 000000000<br>LEI: 5493007O3QFXCPOGWK22 | Long             | EC               | CORP              | SG        |    143900 | NS      | $1849094.17   | 2.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens AG                                   | Siemens AG                                                                            | CUSIP: 000000000<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |      3219 | NS      | $825060.88    | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| United Overseas Bank Ltd                     | United Overseas Bank Ltd                                                              | CUSIP: 000000000<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | EC               | CORP              | SG        |     15500 | NS      | $438800.84    | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Post AG                             | Deutsche Post AG                                                                      | CUSIP: 000000000<br>LEI: 8ER8GIG7CSMVD8VUFE78 | Long             | EC               | CORP              | DE        |      4387 | NS      | $202675.59    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Takeda Pharmaceutical Co Ltd                 | Takeda Pharmaceutical Co Ltd                                                          | CUSIP: 000000000<br>LEI: 549300ZLMVP4X0OGR454 | Long             | EC               | CORP              | JP        |     28700 | NS      | $884996.33    | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Skandinaviska Enskilda Banken AB             | Skandinaviska Enskilda Banken AB                                                      | CUSIP: 000000000<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | EC               | CORP              | SE        |     16240 | NS      | $283528.90    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Shionogi & Co Ltd                            | Shionogi & Co Ltd                                                                     | CUSIP: 000000000<br>LEI: 35380049VXDTHZI3DY35 | Long             | EC               | CORP              | JP        |    195600 | NS      | $3522583.95   | 4.37%             |  |  |  | No            |                  2 | On Loan: No      |
| ArcelorMittal SA                             | ArcelorMittal SA                                                                      | CUSIP: 000000000<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | EC               | CORP              | LU        |     39204 | NS      | $1243510.98   | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Novartis AG                                  | Novartis AG                                                                           | CUSIP: 000000000<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |     11705 | NS      | $1422085.12   | 1.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                              | Nordea Bank Abp                                                                       | CUSIP: 000000000<br>LEI: 529900ODI3047E2LIV03 | Long             | EC               | CORP              | FI        |     29852 | NS      | $444175.94    | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| DCC PLC                                      | DCC PLC                                                                               | CUSIP: 000000000<br>LEI: 213800UPS1QEE4TD3T45 | Long             | EC               | CORP              | IE        |     21324 | NS      | $1385603.06   | 1.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Teva Pharmaceutical Industries Ltd           | Teva Pharmaceutical Industries Ltd                                                    | CUSIP: 881624209<br>LEI: 549300BAFGM4RC74ZJ94 | Long             | EC               | CORP              | IL        |     21963 | NS      | $368099.88    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Kansai Electric Power Co Inc/The             | Kansai Electric Power Co Inc/The                                                      | CUSIP: 000000000<br>LEI: 353800PFUKP5ONPJNZ86 | Long             | EC               | CORP              | JP        |     52100 | NS      | $617274.75    | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Venture Corp Ltd                             | Venture Corp Ltd                                                                      | CUSIP: 000000000<br>LEI: 254900B1NLZC3J1MAE72 | Long             | EC               | CORP              | SG        |    145600 | NS      | $1307961.84   | 1.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Denso Corp                                   | Denso Corp                                                                            | CUSIP: 000000000<br>LEI: 549300RYPA10CQM3QK38 | Long             | EC               | CORP              | JP        |     21400 | NS      | $288573.01    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Teleperformance SE                           | Teleperformance SE                                                                    | CUSIP: 000000000<br>LEI: 9695004GI61FHFFNRG61 | Long             | EC               | CORP              | FR        |      4613 | NS      | $448054.26    | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA           | Banco Bilbao Vizcaya Argentaria SA                                                    | CUSIP: 000000000<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | EC               | CORP              | ES        |    131470 | NS      | $2020066.41   | 2.51%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                            | HSBC Holdings PLC                                                                     | CUSIP: 000000000<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EC               | CORP              | GB        |    218151 | NS      | $2640222.45   | 3.28%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-29

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

**Signature:** Diane Kenneally

**Name of Signer:** Diane Kenneally

**Title:** Treasurer and Chief Financial Officer