Dws Croci® U.s. Vip
Data updated: 2026-08-27
C000017204 — Dws Croci® U.s. Vip. United States Mid Cap Value Equity · $151.87M AUM · 0.71% expense ratio. Holdings, fees, performance and SEC filings.
C000017204 Fund Overview
Dws Croci® U.s. Vip is a US mutual fund managed by Deutsche Dws Variable Series II, categorised as United States Mid Cap Value 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 II
- Category: United States Mid Cap Value Equity
- Assets under management: $151.87M
- 1-year return: 29.0%
- SEC CIK: 0000810573
- SEC series ID: S000006255
- Share class ID: C000017204
C000017204 Investment Objective and Strategy
Dws Croci® U.s. Vip describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Deutsche Dws Variable Series II.
Investment objective
The fund seeks to achieve a high rate of total return.
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 common stocks issued by US companies. Companies are selected for the funds portfolio using the Cash Return on Capital Invested (CROCI ) strategy as the primary factor, among other factors. Portfolio management will select stocks from among the largest US companies which are under CROCI coverage at any given time (the number of companies under CROCI coverage will vary; as of December 31, 2025, approximately 850 companies were under CROCI coverage, including approximately 370 US companies). Companies are identified from the selection universe for investment and are selected from the following economic sectors classified in accordance with the Global Industry Classification Standard (GICS): Consumer Discretionary, Consumer Staples, Energy, Financials, Health Care, Information Technology, Industrials, Materials, Communication Services and Utilities.
Management process. Portfolio management selects stocks of companies that it believes offer economic value, utilizing the CROCI strategy as the primary factor, among other factors. The CROCI strategy is an investment process based on a proprietary valuation technique that attempts to understand the value of a company by converting financial statement data into a set of economic inputs that are used to calculate a valuation metric called the CROCI Economic Price Earnings Ratio which is comparable across markets, sectors and stocks. The CROCI Economic Price Earnings Ratio seeks to measure the real economic value rather than the accounting value of a companys invested capital, and the economic returns thereof. Portfolio management believes that, over time, companies with more favorable financial metrics, including CROCI Economic Price Earnings Ratios, will outperform other companies.
In selecting stocks, portfolio management measures economic value using the CROCI Economic Price Earnings Ratio and may adjust this by factors such as stock price volatility, as determined by the CROCI Investment Strategy and Valuation Group. The CROCI Investment Strategy and Valuation Group may provide other CROCI valuation metrics which portfolio management may use in addition to the CROCI Economic Price Earnings Ratio. All CROCI financial metrics may be adjusted from time to time. Portfolio management may also use factors other than the CROCI strategy in selecting investments. The funds portfolio is reviewed periodically and adjusted in accordance with the CROCI strategys rules. The CROCI strategy is supplied by the CROCI Investment Strategy and Valuation Group, a unit within DWS Group, through a licensing arrangement with the funds Advisor.
Portfolio management will periodically review and adjust the funds portfolio in order to maintain the desired balance between return potential and various risk factors, such as, without limitation: style, size, and idiosyncratic risks. Portfolio management may refer to the output of various optimization tools and other portfolio construction techniques in order to help control for unwanted portfolio exposure to the risk factors specified above versus relevant indices, as well as undesired levels of portfolio turnover, tax efficiency, and other factors. CROCI Investment Process. The CROCI Investment Process is based on the belief that the data used in traditional valuations (i.e., accounting data) does not accurately appraise assets, reflect all liabilities or represent the real value of a company.
This is because the accounting rules are not always designed specifically for investors and often utilize widely differing standards which can make measuring the real asset value of companies difficult. The CROCI Investment Process seeks to generate data that will enable valuation comparisons on a consistent basis, resulting in what portfolio management believes is an effective and efficient sector and stock selection process targeting investment in real value. This CROCI Investment Process takes into account financially material events which the CROCI Investment Strategy and Valuation Group believes may impact a companys valuation (and these may include macro and micro economic events, political and regulatory events or developments, and environmental, social or governance (ESG) considerations, among other factors).
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.
C000017204 Holdings
Top 10 holdings of Dws Croci® U.s. Vip by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Micron Technology Inc | 6.85% |
| Alphabet Inc | 3.31% |
| Kraft Heinz Co/The | 3.14% |
| Bristol-Myers Squibb Co | 3.09% |
| Merck & Co Inc | 2.96% |
| Synchrony Financial | 2.44% |
| Pfizer Inc | 2.39% |
| JPMorgan Chase & Co | 2.35% |
| Dell Technologies Inc | 2.34% |
| Cognizant Technology Solutions Corp | 2.20% |
C000017204 Portfolio Allocation
Asset-class allocation of Dws Croci® U.s. Vip by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.3% |
| Cash & Equivalents | 0.7% |
C000017204 Performance
Total returns for C000017204 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 9.9% |
| 1 year | 29.0% |
| 3 years (annualised) | 17.9% |
| 5 years (annualised) | 11.2% |
C000017204 Risk Information
Risk metrics for C000017204, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.7%
C000017204 Costs and Fees
C000017204 costs about $71 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.71%
- Gross expense ratio: 0.79%
- Portfolio turnover: 76%
- Brokerage commissions: 1.87 bps of average net assets (SEC N-CEN)
C000017204 Cashflows
Over the 12 months to 2026-06, Dws Croci® U.s. Vip had net inflows of $3.85M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$1.24M |
| 2026-05 | −$1.23M |
| 2026-04 | $17.03M |
| 2026-03 | −$1.39M |
| 2026-02 | −$1.65M |
| 2026-01 | −$985.87K |
C000017204 Debt Constituents
No individual debt constituents are reported in Dws Croci® U.s. Vip's latest SEC N-PORT filing.
C000017204 Prospectus and SEC Filings
Official Dws Croci® U.s. 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 Mid Cap Value 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.