DWS Small Mid Cap Value VIP Division

Portfolio Composition

as of 03/31/2025

Asset Type	Net	Short	Long
U.S. Stocks	95.1%	0.0%	95.1%
Non-U.S. Stocks	3.77%	0.0%	3.77%
Cash	1.13%	0.0%	1.13%
Total	100%

Top 10 Holdings

as of 03/31/2025

What's this?

% of Net Assets

Gaming and Leisure Properties Inc	2.22
Idacorp Inc	2.16
UMB Financial Corp	1.96
First BanCorp	1.91
Everest Group Ltd	1.90
Huntington Ingalls Industries Inc	1.90
EnerSys	1.87
Cal-Maine Foods Inc	1.82
Assurant Inc	1.75
Ligand Pharmaceuticals Inc	1.75

Total*: 19.23

*Values may exceed 100% if both long and short positions are included in the portfolio

Morningstar Style Box™

as of 03/31/2025

What's this?

Stock Sector Breakdown

as of 03/31/2025

What's this?

% of Net Assets

Cyclical

49.47

Basic Materials	5.99
Consumer Cyclical	8.87
Financial Svcs	23.53
Real Estate	11.08

Defensive

14.95

Consumer Defensive	4.99
Healthcare	6.86
Utilities	3.10

Sensitive

35.58

Comm Svcs	3.48
Energy	6.61
Industrials	16.17
Technology	9.32

Analysis

as of 03/31/2025

Average Market Cap (mil):	$5,172.68
Price/Earnings Ratio:	12.45
Price/Book Ratio:	1.59
Price/Cash Flow Ratio:	7.12
Turnover Ratio:	41.00%
# Stock Holdings:	118
# Bond Holdings:	0
# Other Holdings:	2
Total # of Holdings:	120

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