# EDGAR Filing Document

**Accession Number:** 0000810573
**File Stem:** 0001752724-25-200362
**Filing Date:** 2025-8
**Character Count:** 36328
**Document Hash:** b5f9b9553f960de4b6e7b74a16c59820
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-200362.hdr.sgml**: 20250822

**ACCESSION NUMBER**: 0001752724-25-200362

**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 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:** 251245993

**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:** 2025-06-30

**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:** $21719486.95

**Total Liabilities:** $312808.41

**Net Assets:** $21406678.54

**Cash Not Reported:** $189787.13

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000017245 | 2.76%                | 4.12%                | 3.18%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3910.35                 | $436527.35                                 |
| Month 2  | $712.32                  | $723148.29                                 |
| Month 3  | $24007.16                | $616750.65                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| 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        |     48500 | NS      | $309232.69    | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Universal Music Group NV                  | Universal Music Group NV                                                              | CUSIP: 000000000<br>LEI: 724500GJBUL3D9TW9Y18 | Long             | EC               | CORP              | NL        |      4575 | NS      | $148284.31    | 0.69%             |  |  |  | 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        |       342 | NS      | $179068.71    | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| TeamViewer SE                             | TeamViewer SE                                                                         | CUSIP: 000000000<br>LEI: 3912000FZ0R0KEK9JS42 | Long             | EC               | CORP              | DE        |      5856 | NS      | $66174.32     | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Flutter Entertainment PLC                 | Flutter Entertainment PLC                                                             | CUSIP: 000000000<br>LEI: 635400EG4YIJLJMZJ782 | Long             | EC               | CORP              | IE        |       386 | NS      | $109397.28    | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Argenx SE                                 | Argenx SE                                                                             | CUSIP: 000000000<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |       106 | NS      | $58275.83     | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding NV                           | ASML Holding NV                                                                       | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |       594 | NS      | $475981.82    | 2.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Brookfield Corp                           | Brookfield Corp                                                                       | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |     11750 | NS      | $727218.65    | 3.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger NV                           | Schlumberger NV                                                                       | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |      5195 | NS      | $175591.00    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                    | SAP SE                                                                                | CUSIP: 000000000<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |      2309 | NS      | $705223.60    | 3.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Thermo Fisher Scientific Inc              | Thermo Fisher Scientific Inc                                                          | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |       304 | NS      | $123259.84    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE                                 | Airbus SE                                                                             | CUSIP: 000000000<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | NL        |      1391 | NS      | $290866.28    | 1.36%             |  |  |  | No            |                  2 | On Loan: No      |
| MISUMI Group Inc                          | MISUMI Group Inc                                                                      | CUSIP: 000000000<br>LEI: 353800SJWGE5BEK2V032 | Long             | EC               | CORP              | JP        |      4911 | NS      | $65469.13     | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Boerse AG                        | Deutsche Boerse AG                                                                    | CUSIP: 000000000<br>LEI: 529900G3SW56SHYNPR95 | Long             | EC               | CORP              | DE        |      2297 | NS      | $750673.40    | 3.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Sea Ltd                                   | Sea Ltd                                                                               | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |      1291 | NS      | $206482.54    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd                | Samsung Electronics Co Ltd                                                            | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |      2765 | NS      | $122300.30    | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Spotify Technology SA                     | Spotify Technology SA                                                                 | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |       862 | NS      | $661447.08    | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| DBS Group Holdings Ltd                    | DBS Group Holdings Ltd                                                                | CUSIP: 000000000<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |     21920 | NS      | $774866.91    | 3.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Sportradar Group AG                       | Sportradar Group AG                                                                   | CUSIP: 000000000<br>LEI: 549300H1P33YOAT7Z533 | Long             | EC               | CORP              | CH        |      5384 | NS      | $151182.72    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Globant SA                                | Globant SA                                                                            | CUSIP: 000000000<br>LEI: 2221008DCMSPYS42DS88 | Long             | EC               | CORP              | LU        |      2263 | NS      | $205570.92    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Just Eat Takeaway.com NV                  | Just Eat Takeaway.com NV                                                              | CUSIP: 000000000<br>LEI: 724500FVZIBSSQ7SHI95 | Long             | EC               | CORP              | NL        |      5000 | NS      | $114564.17    | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                          | Roche Holding AG                                                                      | CUSIP: 000000000<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |       776 | NS      | $252372.92    | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens Healthineers AG                   | Siemens Healthineers AG                                                               | CUSIP: 000000000<br>LEI: 529900QBVWXMWANH7H45 | Long             | EC               | CORP              | DE        |      4006 | NS      | $222454.88    | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Daikin Industries Ltd                     | Daikin Industries Ltd                                                                 | CUSIP: 000000000<br>LEI: 549300Y7FWSTSHMW5Y57 | Long             | EC               | CORP              | JP        |      1000 | NS      | $117895.80    | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| NXP Semiconductors NV                     | NXP Semiconductors NV                                                                 | CUSIP: 000000000<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |       415 | NS      | $90673.35     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Brenntag SE                               | Brenntag SE                                                                           | CUSIP: 000000000<br>LEI: NNROIXVWJ7CPSR27SV97 | Long             | EC               | CORP              | DE        |      1493 | NS      | $98819.25     | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| TotalEnergies SE                          | TotalEnergies SE                                                                      | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |      7605 | NS      | $465803.60    | 2.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S                          | Novo Nordisk A/S                                                                      | CUSIP: 000000000<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |      3849 | NS      | $265947.54    | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Baltic Classifieds Group PLC              | Baltic Classifieds Group PLC                                                          | CUSIP: 000000000<br>LEI: 213800I1RPHCFSSQS969 | Long             | EC               | CORP              | GB        |      4300 | NS      | $21984.04     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Alimentation Couche-Tard Inc              | Alimentation Couche-Tard Inc                                                          | CUSIP: 01626P148<br>LEI: 549300OSW32RVX8CCZ87 | Long             | EC               | CORP              | CA        |      2520 | NS      | $125264.40    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Sartorius AG                              | Sartorius AG                                                                          | CUSIP: 000000000<br>LEI: 529900EQV2DY4FOAMU38 | Long             | EP               | CORP              | DE        |       399 | NS      | $101730.85    | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Cellebrite DI Ltd                         | Cellebrite DI Ltd                                                                     | CUSIP: 000000000<br>LEI: 254900G03462YGP1IO36 | Long             | EC               | CORP              | IL        |      3725 | NS      | $59600.00     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Adyen NV                                  | Adyen NV                                                                              | CUSIP: 000000000<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |        74 | NS      | $136083.46    | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Kerry Group PLC                           | Kerry Group PLC                                                                       | CUSIP: 000000000<br>LEI: 635400TLVVBNXLFHWC59 | Long             | EC               | CORP              | IE        |      2687 | NS      | $296831.05    | 1.39%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp                               | NVIDIA Corp                                                                           | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      2942 | NS      | $464806.58    | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Monday.com Ltd                            | Monday.com Ltd                                                                        | CUSIP: 000000000<br>LEI: 984500MDAFVD86E3B328 | Long             | EC               | CORP              | IL        |       290 | NS      | $91199.20     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| adidas AG                                 | adidas AG                                                                             | CUSIP: 000000000<br>LEI: 549300JSX0Z4CW0V5023 | Long             | EC               | CORP              | DE        |       783 | NS      | $182575.73    | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| MTU Aero Engines AG                       | MTU Aero Engines AG                                                                   | CUSIP: 000000000<br>LEI: 529900807L67JY81RD65 | Long             | EC               | CORP              | DE        |       300 | NS      | $133653.60    | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| CyberArk Software Ltd                     | CyberArk Software Ltd                                                                 | CUSIP: 000000000<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |       634 | NS      | $257961.92    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc                  | Marsh & McLennan Cos Inc                                                              | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |      1782 | NS      | $389616.48    | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Rentokil Initial PLC                      | Rentokil Initial PLC                                                                  | CUSIP: 000000000<br>LEI: 549300VN4WV7Z6T14K68 | Long             | EC               | CORP              | GB        |     39613 | NS      | $191322.42    | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Techtronic Industries Co Ltd              | Techtronic Industries Co Ltd                                                          | CUSIP: 000000000<br>LEI: 549300HZW2SBE758OK89 | Long             | EC               | CORP              | HK        |     17597 | NS      | $193659.08    | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Air Liquide SA                            | Air Liquide SA                                                                        | CUSIP: 000000000<br>LEI: 969500MMPQVHK671GT54 | Long             | EC               | CORP              | FR        |       712 | NS      | $146973.50    | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Nestle SA                                 | Nestle SA                                                                             | CUSIP: 000000000<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |      3724 | NS      | $370385.05    | 1.73%             |  |  |  | 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        |    244920 | NS      | $244920.00    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Keyence Corp                              | Keyence Corp                                                                          | CUSIP: 000000000<br>LEI: 529900M7PQBS7A89DZ11 | Long             | EC               | CORP              | JP        |       700 | NS      | $280088.51    | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Agnico Eagle Mines Ltd                    | Agnico Eagle Mines Ltd                                                                | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |      2467 | NS      | $293920.38    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Assa Abloy AB                             | Assa Abloy AB                                                                         | CUSIP: 000000000<br>LEI: 549300YECS8HKCIMMB67 | Long             | EC               | CORP              | SE        |      7536 | NS      | $235212.20    | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| ANTA Sports Products Ltd                  | ANTA Sports Products Ltd                                                              | CUSIP: 000000000<br>LEI: 529900291XG0CTK4LF95 | Long             | EC               | CORP              | KY        |      8000 | NS      | $96763.22     | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                           | AstraZeneca PLC                                                                       | CUSIP: 000000000<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |      2320 | NS      | $323211.11    | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Mastercard Inc                            | Mastercard Inc                                                                        | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |       541 | NS      | $304009.54    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Amer Sports Inc                           | Amer Sports Inc                                                                       | CUSIP: 000000000<br>LEI: 391200YCSWTRD1J21867 | Long             | EC               | CORP              | KY        |      3824 | NS      | $148218.24    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcon AG                                  | Alcon AG                                                                              | CUSIP: 000000000<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | CH        |      1635 | NS      | $144918.02    | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Telekom AG                       | Deutsche Telekom AG                                                                   | CUSIP: 000000000<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |      7863 | NS      | $287091.79    | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| ING Groep NV                              | ING Groep NV                                                                          | CUSIP: 000000000<br>LEI: 549300NYKK9MWM7GGW15 | Long             | EC               | CORP              | NL        |     16367 | NS      | $359045.71    | 1.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Auto1 Group SE                            | Auto1 Group SE                                                                        | CUSIP: 000000000<br>LEI: 391200S2LPXG5ZD5G304 | Long             | EC               | CORP              | DE        |      4800 | NS      | $155097.18    | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Topicus.com Inc                           | Topicus.com Inc                                                                       | CUSIP: 89072T102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |       500 | NS      | $62643.66     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Trip.com Group Ltd                        | Trip.com Group Ltd                                                                    | CUSIP: 000000000<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | KY        |      1350 | NS      | $79032.09     | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| DWS                                       | DWS Central Cash Management Government Fund                                           | CUSIP: 25160K306<br>LEI: 5493003GD84DGSXJ7618 | Long             | STIV             | RF                | US        |    144763 | NS      | $144762.68    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| BASF SE                                   | BASF SE                                                                               | CUSIP: 000000000<br>LEI: 529900PM64WH8AF1E917 | Long             | EC               | CORP              | DE        |      2345 | NS      | $115672.07    | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Lonza Group AG                            | Lonza Group AG                                                                        | CUSIP: 000000000<br>LEI: 549300EFW4H2TCZ71055 | Long             | EC               | CORP              | CH        |      1003 | NS      | $714759.20    | 3.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Brookfield Asset Management Ltd           | Brookfield Asset Management Ltd                                                       | CUSIP: 113004105<br>LEI: 549300CZ84WPNJZKY093 | Long             | EC               | CORP              | CA        |      3940 | NS      | $218070.72    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandoz Group AG                           | Sandoz Group AG                                                                       | CUSIP: 000000000<br>LEI: 5493000JWK6XWFEUD320 | Long             | EC               | CORP              | CH        |      5130 | NS      | $281209.83    | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Allianz SE                                | Allianz SE                                                                            | CUSIP: 000000000<br>LEI: 529900K9B0N5BT694847 | Long             | EC               | CORP              | DE        |      1848 | NS      | $749512.72    | 3.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Hoya Corp                                 | Hoya Corp                                                                             | CUSIP: 000000000<br>LEI: 353800X4VR3BHEUCJB42 | Long             | EC               | CORP              | JP        |      2100 | NS      | $249097.68    | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Wacker Chemie AG                          | Wacker Chemie AG                                                                      | CUSIP: 000000000<br>LEI: 0NURKC5Q3CJYZPPK5046 | Long             | EC               | CORP              | DE        |       899 | NS      | $65887.60     | 0.31%             |  |  |  | No            |                  2 | On Loan: —       |
| Experian PLC                              | Experian PLC                                                                          | CUSIP: 000000000<br>LEI: 635400RXXHHYT1JTSZ26 | Long             | EC               | CORP              | JE        |      5559 | NS      | $286419.42    | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Capgemini SE                              | Capgemini SE                                                                          | CUSIP: 000000000<br>LEI: 96950077L0TN7BAROX36 | Long             | EC               | CORP              | FR        |      1307 | NS      | $223214.24    | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Vinci SA                                  | Vinci SA                                                                              | CUSIP: 000000000<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |      3633 | NS      | $535976.71    | 2.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Shiseido Co Ltd                           | Shiseido Co Ltd                                                                       | CUSIP: 000000000<br>LEI: 5299008QCD0YDT5OF506 | Long             | EC               | CORP              | JP        |      2500 | NS      | $44519.83     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Ferguson Enterprises Inc                  | Ferguson Enterprises Inc                                                              | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |       756 | NS      | $164619.00    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Post AG                          | Deutsche Post AG                                                                      | CUSIP: 000000000<br>LEI: 8ER8GIG7CSMVD8VUFE78 | Long             | EC               | CORP              | DE        |      3048 | NS      | $140814.95    | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Birkenstock Holding Plc                   | Birkenstock Holding Plc                                                               | CUSIP: 000000000<br>LEI: 529900CQ8LQKQ7LIT631 | Long             | EC               | CORP              | JE        |      1830 | NS      | $89999.40     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie de Saint-Gobain SA                    | Cie de Saint-Gobain SA                                                                | CUSIP: 000000000<br>LEI: NFONVGN05Z0FMN5PEC35 | Long             | EC               | CORP              | FR        |      2659 | NS      | $311948.74    | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian National Railway Co              | Canadian National Railway Co                                                          | CUSIP: 136375102<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               | CORP              | CA        |      1437 | NS      | $149730.81    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd | Taiwan Semiconductor Manufacturing Co Ltd                                             | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     19000 | NS      | $688070.01    | 3.21%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre Inc                          | MercadoLibre Inc                                                                      | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |        88 | NS      | $229999.44    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Stevanato Group SpA                       | Stevanato Group SpA                                                                   | CUSIP: 000000000<br>LEI: 81560033F7E1CD477507 | Long             | EC               | CORP              | IT        |      6939 | NS      | $169519.77    | 0.79%             |  |  |  | No            |                  1 | On Loan: —       |
| Tencent Holdings Ltd                      | Tencent Holdings Ltd                                                                  | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |      7400 | NS      | $476447.95    | 2.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Wix.com Ltd                               | Wix.com Ltd                                                                           | CUSIP: 000000000<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | IL        |       433 | NS      | $68613.18     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE                     | Schneider Electric SE                                                                 | CUSIP: 000000000<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |      1214 | NS      | $324596.15    | 1.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Zalando SE                                | Zalando SE                                                                            | CUSIP: 000000000<br>LEI: 529900YRFFGH5AXU4S86 | Long             | EC               | CORP              | DE        |      2705 | NS      | $89166.25     | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Fast Retailing Co Ltd                     | Fast Retailing Co Ltd                                                                 | CUSIP: 000000000<br>LEI: 353800ZCXKHDPY0N5218 | Long             | EC               | CORP              | JP        |       890 | NS      | $304191.84    | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| BYD Co Ltd                                | BYD Co Ltd                                                                            | CUSIP: 000000000<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |      7500 | NS      | $116658.35    | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Halma PLC                                 | Halma PLC                                                                             | CUSIP: 000000000<br>LEI: 2138007FRGLUR9KGBT40 | Long             | EC               | CORP              | GB        |      4744 | NS      | $208382.13    | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                         | HSBC Holdings PLC                                                                     | CUSIP: 000000000<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EC               | CORP              | GB        |     13700 | NS      | $165807.39    | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** Diane Kenneally

**Name of Signer:** Diane Kenneally

**Title:** Treasurer and Chief Financial Officer