DWS Bond VIP
Data updated: 2021-11-19
C000017178 — DWS Bond VIP. Money Market · $46.01M AUM · 0.63% expense ratio · 1.8% 1-yr return. Holdings, fees, performance and SEC filings.
C000017178 Fund Overview
DWS Bond VIP is a US mutual fund managed by Deutsche Dws Variable Series I, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Deutsche Dws Variable Series I
- Category: Money Market
- Assets under management: $46.01M
- 1-year return: 1.8%
- SEC CIK: 0000764797
- SEC series ID: S000006244
- Share class ID: C000017178
C000017178 Investment Objective and Strategy
DWS Bond VIP describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Deutsche Dws Variable Series I.
Investment objective
The fund seeks to maximize total return consistent with preservation of capital and prudent investment management.
Principal investment strategy
Main investments. Under normal circumstances, the fund invests at least 80% of net assets, plus the amount of any borrowings for investment purposes, in bonds of any maturity. The fund invests mainly in US dollar-denominated fixed income securities, including corporate bonds, US government and agency bonds and mortgage- and asset-backed securities. The fund may also invest significantly in foreign investment grade fixed income securities, non-investment grade securities (high yield or junk bonds) of US and foreign issuers (including issuers in countries with new or emerging securities markets), or, to maintain liquidity, in cash or money market instruments. Management process. In choosing securities, portfolio management uses distinct processes for various types of securities. US investment grade securities.
Portfolio management typically: ranks securities based on portfolio management's assessment of creditworthiness, cash flow and price seeks to determine the value of each security by examining the issuer's credit quality, debt structure, option value and liquidity risks to identify any inefficiencies between this value and market trading price uses credit analysis in an effort to determine the issuer's ability to fulfill its contracts uses a bottom-up approach that subordinates sector weightings to individual securities that portfolio management believes may add above-market value Foreign investment grade and emerging markets high yield securities. Portfolio management uses a relative value strategy that seeks to identify the most attractive foreign markets, then searches those markets for securities that portfolio management believes offer incremental value over US Treasuries.
With emerging market securities, portfolio management also considers short-term factors such as market sentiment, capital flows, and new issue programs. High yield securities (other than emerging markets securities). Portfolio management typically: analyzes economic conditions for improving or undervalued sectors and industries uses independent credit research and on-site management visits to evaluate individual issuer's debt service, growth rate, and both downgrade and upgrade potential assesses new issues versus secondary market opportunities seeks issues within attractive industry sectors and with strong long-term fundamentals and improving credit Portfolio management generally sells securities (or exchanges currencies) when they reach their target prices, when other investments appear more attractive, or, particularly for high yield securities, when company fundamentals decline or when portfolio management believes an unexpected development will diminish a company's competitive position or ability to generate adequate cash flow.
Derivatives. Portfolio management generally may use futures contracts, options on interest rate swaps, options on interest rate futures contracts or interest rate swaps, which are types of derivatives (a contract whose value is based on, for example, indices, currencies or securities), for duration management (i.e., reducing or increasing the sensitivity of the fund's portfolio to interest rate changes) or for non-hedging purposes to seek to enhance potential gains. Portfolio management may also use (i) option contracts in order to gain exposure to a particular market or security, to seek to increase the fund's income, or to hedge against changes in a particular market or security, (ii) total return swaps to seek to enhance potential gains by increasing or reducing the fund's exposure to a particular sector or market or as a substitute for direct investment, or (iii) credit default swaps to seek to increase the fund's income, to gain exposure to a bond issuer's credit quality characteristics without directly investing in the bond or to hedge the risk of default on bonds held in the fund's portfolio.
In addition, portfolio management generally may use forward currency contracts (i) to hedge exposure to changes in foreign currency exchange rates on foreign currency denominated portfolio holdings; (ii) to facilitate transactions in foreign currency denominated securities; or (iii) for non-hedging purposes to seek to enhance potential gains. The fund may also use other types of derivatives (i) for hedging purposes; (ii) for risk management; (iii) for non-hedging purposes to seek to enhance potential gains; or (iv) as a substitute for direct investment in a particular asset class or to keep cash on hand to meet shareholder redemptions. Securities Lending. The fund may lend securities (up to one-third of total assets) to approved institutions, such as registered broker-dealers, banks and pooled investment vehicles.
Active Trading. The fund may trade actively and this may lead to high portfolio turnover.
C000017178 Performance
Total returns for C000017178 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 1.8% |
| 3 years (annualised) | 4.6% |
C000017178 Risk Information
Risk metrics for C000017178, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.3%
C000017178 Costs and Fees
C000017178 costs about $63 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.63%
- Gross expense ratio: 0.74%
- Portfolio turnover: 160%
- Brokerage commissions: 0.13 bps of average net assets (SEC N-CEN)
C000017178 Cashflows
Over the 12 months to 2021-09, DWS Bond VIP had net outflows of $6.41M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-09 | −$3.13M |
| 2021-08 | −$516.93K |
| 2021-07 | −$443.86K |
| 2021-06 | −$248.00K |
| 2021-05 | −$54.33K |
| 2021-04 | $461.48K |
C000017178 Debt Constituents
No individual debt constituents are reported in DWS Bond VIP's latest SEC N-PORT filing.
C000017178 Prospectus and SEC Filings
Official DWS Bond VIP filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-04-27
- Prospectus (485BPOS) — filed 2020-05-14
- Prospectus (485BPOS) — filed 2019-05-17
- Portfolio holdings (N-PORT) — filed 2021-11-19
- Portfolio holdings (N-PORT) — filed 2021-08-27
- Portfolio holdings (N-PORT) — filed 2021-05-26
- Annual census (N-CEN) — filed 2021-03-10
- Annual census (N-CEN) — filed 2020-03-09
Related Funds
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Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.