DWS Capital Growth VIP
Data updated: 2026-08-27
C000017180 — DWS Capital Growth VIP. United States Large Cap Growth Information Technology Equity · $977.20M AUM. Holdings, fees, performance and SEC filings.
C000017180 Fund Overview
DWS Capital Growth VIP is a US mutual fund managed by Deutsche Dws Variable Series I, categorised as United States Large Cap Growth Information Technology Equity. 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: United States Large Cap Growth Information Technology Equity
- Assets under management: $977.20M
- 1-year return: 8.7%
- SEC CIK: 0000764797
- SEC series ID: S000006245
- Share class ID: C000017180
C000017180 Investment Objective and Strategy
DWS Capital Growth 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 provide long-term growth of capital.
Principal investment strategy
Main investments. The fund normally invests at least 65% of total assets in equities, mainly common stocks of US companies. The fund generally focuses on established companies that are similar in size to the companies in the S&P 500 Index (generally 500 of the largest companies in the US) or the Russell 1000 Growth Index (generally those stocks among the 1,000 largest US companies that have relatively higher price-to-earnings ratios and higher forecasted growth values). While the market capitalization ranges of the S&P 500 Index and the Russell 1000 Growth Index change throughout the year, as of February 28, 2026, the market capitalization range of the S&P 500 Index was between $6.69 billion and $4.3 trillion and the market capitalization range of the Russell 1000 Growth Index was between $1.46 billion and $4.3 trillion.
Under normal circumstances, the S&P 500 Index is rebalanced quarterly on the third Friday of March, June, September and December. Under normal circumstances, the Russell 1000 Growth Index is reconstituted annually every June. The fund rebalances its portfolio in accordance with the S&P 500 Index and the Russell 1000 Growth Index, respectively, and therefore, any changes to the S&P 500 Index's and/or the Russell 1000 Growth Index's rebalance schedule will result in corresponding changes to the fund's rebalance schedule. Although the fund can invest in companies of any size, the fund intends to invest primarily in companies whose market capitalizations fall within the normal range of these indexes at the time of investment. The fund may also invest to a limited extent in companies outside the US.
Due to regulatory changes, effective June 11, 2026, the fund will replace the 65% investment policy and related disclosures set forth in this prospectus. Specifically, effective June 11, 2026, under normal circumstances, the fund invests at least 80% of net assets, plus the amount of any borrowings for investment purposes, in equities of growth companies. For purposes of the 80% investment policy, growth companies are companies included in the Russell 1000 Growth Index. The Russell 1000 Growth Index includes those stocks among the approximately 1,000 largest US companies that reflect growth characteristics measured by price-to-book ratios, forecasted growth rates and historical revenue growth rates. Derivatives instruments that provide exposure to the investments above or exposure to one or more market risk factors associated with such investments are included in the fund's 80% investment policy, consistent with the fund's investment policies and limitations with respect to investments in derivatives.
Management process. Portfolio management aims to add value through stock selection. In choosing securities, portfolio management employs a risk-balanced bottom-up selection process to identify companies it believes are well-positioned and that have above average and sustainable growth potential. Portfolio management utilizes a proprietary investment process designed to identify attractive investments by utilizing proprietary research conducted by in-house analysts. The investment process also takes into consideration various valuation metrics to assess the attractiveness of stocks and assists portfolio management in devising allocations among investable securities. All investment decisions are made within risk parameters set by portfolio management. Portfolio management may favor different types of securities from different industries and companies at different times.
Portfolio management generally considers environmental, social and governance (ESG) factors that it believes to be financially material. Portfolio management will normally sell a stock when its price fully reflects portfolio managements estimate of its fundamental value, its fundamentals have deteriorated, other investments offer better opportunities or in the course of adjusting the funds exposure to a given sector. Securities lending. The fund may lend securities (up to one-third of total assets) to approved institutions, such as registered broker-dealers, pooled investment vehicles, banks and other financial institutions. In connection with such loans, the fund receives liquid collateral in an amount that is based on the type and value of the securities being lent, with riskier securities generally requiring higher levels of collateral.
C000017180 Holdings
Top 10 holdings of DWS Capital Growth VIP by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| NVIDIA Corp | 13.86% |
| Apple Inc | 6.86% |
| Alphabet Inc | 6.05% |
| Broadcom Inc | 5.25% |
| Alphabet Inc | 4.95% |
| Microsoft Corp | 4.61% |
| Applied Materials Inc | 2.67% |
| Meta Platforms Inc | 2.41% |
| Marvell Technology Inc | 2.23% |
| Eli Lilly & Co | 2.18% |
C000017180 Portfolio Allocation
Asset-class allocation of DWS Capital Growth VIP by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.2% |
| Cash & Equivalents | 3.3% |
C000017180 Performance
Total returns for C000017180 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 3.7% |
| 1 year | 8.7% |
| 3 years (annualised) | 17.5% |
| 5 years (annualised) | 9.2% |
C000017180 Risk Information
Risk metrics for C000017180, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 17.1%
C000017180 Costs and Fees
C000017180 costs about $49 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.49%
- Gross expense ratio: 0.49%
- Portfolio turnover: 17%
- Brokerage commissions: 0.75 bps of average net assets (SEC N-CEN)
C000017180 Cashflows
Over the 12 months to 2026-06, DWS Capital Growth VIP had net outflows of $13.63M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$8.80M |
| 2026-05 | −$17.91M |
| 2026-04 | $149.01M |
| 2026-03 | −$16.63M |
| 2026-02 | −$10.02M |
| 2026-01 | −$12.46M |
C000017180 Debt Constituents
No individual debt constituents are reported in DWS Capital Growth VIP's latest SEC N-PORT filing.
C000017180 Prospectus and SEC Filings
Official DWS Capital Growth VIP filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-24
- Prospectus (485BPOS) — filed 2025-04-24
- Prospectus (485BPOS) — filed 2024-04-24
- Portfolio holdings (N-PORT) — filed 2026-08-27
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-26
- Annual census (N-CEN) — filed 2026-03-11
- Annual census (N-CEN) — filed 2025-03-03
Related Funds
Other United States Large Cap Growth Information Technology Equity funds tracked on ABC INVEST:
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.