DWS Core Equity VIP
Data updated: 2026-08-27
C000017184 — DWS Core Equity VIP. United States Large Cap Blend / Core Equity · $116.44M AUM. Holdings, fees, performance and SEC filings.
C000017184 Fund Overview
DWS Core Equity VIP is a US mutual fund managed by Deutsche Dws Variable Series I, categorised as United States Large Cap Blend / Core 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 Blend / Core Equity
- Assets under management: $116.44M
- 1-year return: 21.5%
- SEC CIK: 0000764797
- SEC series ID: S000006247
- Share class ID: C000017184
C000017184 Investment Objective and Strategy
DWS Core Equity 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 long-term growth of capital, current income and growth of income.
Principal investment strategy
Main investments. Under normal circumstances, the fund invests at least 80% of total assets, determined at the time of purchase, in equities, mainly common stocks. For purposes of this 80% investment limitation, the term total assets is defined as net assets, plus the amount of any borrowings for investment purposes. Although the fund can invest in companies of any size and from any country, it invests primarily in large US companies. Portfolio management typically considers large companies to be those companies similar in size to companies included in the Russell 1000 Index. While the market capitalization of the Russell 1000 Index changes throughout the year, as of February 28, 2026 the market capitalization range of the Russell 1000 Index was between $1.13 billion and $4.3 trillion. Portfolio management may favor securities from different industries and companies at different times.
Due to regulatory changes, effective June 11, 2026, the fund will replace the 80% 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, mainly common stocks. Derivative 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 funds 80% investment policy, consistent with the funds investment policies and limitations with respect to investments in derivatives. Management process. In choosing stocks, portfolio management uses proprietary quantitative models to identify and acquire holdings for the fund.
The quantitative models are research based and seek to identify primarily fundamental factors, including valuation, momentum, profitability, earnings and sales growth, which have been effective sources of return historically. These are dynamic models with different factor weights for different industry groupings. The funds portfolio is constructed based on this quantitative process that strives to maximize returns while maintaining a risk profile similar to the funds benchmark index. Portfolio management may sell a security when its quantitative model indicates that other investments are more attractive, when the company no longer meets performance or risk expectations, or to maintain portfolio characteristics similar to the funds benchmark. All investment decisions are made within risk parameters set by portfolio management.
The factors considered and models used by portfolio management may be adjusted from time to time and 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. Derivatives. The fund may invest in derivatives, which are financial instruments whose performance is derived, at least in part, from the performance of an underlying asset, security or index. From time to time, certain amounts of the funds assets will be invested in total return swap transactions, through which the fund and a swap counterparty will exchange the returns of a custom basket of both long and short positions selected using portfolio managements proprietary quantitative models.
Portfolio management may use total return swaps in seeking to enhance potential returns as well as for hedging. In addition, portfolio management may use put options for hedging and volatility management purposes. 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, 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.
C000017184 Holdings
Top 10 holdings of DWS Core Equity VIP by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Apple Inc | 8.59% |
| NVIDIA Corp | 6.40% |
| Microsoft Corp | 5.91% |
| Alphabet Inc | 5.89% |
| Micron Technology Inc | 4.55% |
| Amazon.com Inc | 4.45% |
| Advanced Micro Devices Inc | 3.44% |
| JPMorgan Chase & Co | 2.96% |
| Broadcom Inc | 2.19% |
| AbbVie Inc | 2.07% |
C000017184 Portfolio Allocation
Asset-class allocation of DWS Core Equity VIP by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.7% |
| Cash & Equivalents | 1.9% |
C000017184 Performance
Total returns for C000017184 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 8.8% |
| 1 year | 21.5% |
| 3 years (annualised) | 18.7% |
| 5 years (annualised) | 12.0% |
C000017184 Risk Information
Risk metrics for C000017184, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.1%
C000017184 Costs and Fees
C000017184 costs about $59 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.59%
- Gross expense ratio: 0.59%
- Portfolio turnover: 27%
- Brokerage commissions: 1.62 bps of average net assets (SEC N-CEN)
C000017184 Cashflows
Over the 12 months to 2026-06, DWS Core Equity VIP had net outflows of $2.57M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$797.77K |
| 2026-05 | −$1.30M |
| 2026-04 | $11.49M |
| 2026-03 | −$730.29K |
| 2026-02 | −$1.01M |
| 2026-01 | −$1.96M |
C000017184 Debt Constituents
No individual debt constituents are reported in DWS Core Equity VIP's latest SEC N-PORT filing.
C000017184 Prospectus and SEC Filings
Official DWS Core Equity 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 Blend / Core 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.