# DWS Alternative Asset Allocation VIP

DWS Alternative Asset Allocation VIP is a registered fund series of DEUTSCHE DWS VARIABLE SERIES II (series S000023653). Net assets $414.1M as of 2026-03-31.

## Profile

- Series ID: S000023653
- Registrant: DEUTSCHE DWS VARIABLE SERIES II
- LEI: GQ5WPXZ58F53M4Z2IQ22
- Net assets: $414.1M
- Total assets: $414.4M
- As of: 2026-03-31
- Type: Fund of funds

## Advisers

- [DWS Investment Management Americas, Inc. (Advisor)](https://search.stillhousedata.com/firm/104518)
- [RREEF America L.L.C. (Subadvisor)](https://search.stillhousedata.com/firm/109596)

## Top holdings (12 reported)

| Holding | Ticker | Value | % of fund |
| --- | --- | --- | --- |
| [DWS](https://search.stillhousedata.com/security/25159L836) | — | $83.7M | 2021.79% |
| [DWS](https://search.stillhousedata.com/security/25156A858) | — | $74.4M | 1796.93% |
| [SPDR Bloomberg Barclays Conver](https://search.stillhousedata.com/security/78464A359) | — | $62.6M | 1510.72% |
| [DWS](https://search.stillhousedata.com/security/25156G509) | — | $40.6M | 981.60% |
| [DWS](https://search.stillhousedata.com/security/25159L737) | — | $39.8M | 962.33% |
| [iShares JP Morgan USD Emerging](https://search.stillhousedata.com/security/464288281) | — | $36.3M | 875.63% |
| [Xtrackers RREEF Global Natural Resources ETF](https://search.stillhousedata.com/security/23306X837) | — | $19.9M | 481.63% |
| [iShares US Preferred Stock ETF](https://search.stillhousedata.com/security/464288687) | — | $17.7M | 428.06% |
| [DWS](https://search.stillhousedata.com/security/25156A841) | — | $13.8M | 332.74% |
| [DWS](https://search.stillhousedata.com/security/25160K306) | — | $11.1M | 268.46% |
| [VanEck J. P. Morgan EM Local Currency Bond ETF](https://search.stillhousedata.com/security/92189H300) | — | $10.1M | 243.64% |
| [State Street SPDR S&P Global Natural Resources ETF](https://search.stillhousedata.com/security/78463X541) | — | $4.3M | 102.79% |

## Net asset history

| Report date | Net assets |
| --- | --- |
| 2026-03-31 | $414.1M |
| 2025-12-31 | $409.8M |
| 2025-09-30 | $416.2M |
| 2025-06-30 | $405.1M |
| 2025-03-31 | $410.8M |
| 2024-12-31 | $414.4M |
| 2024-09-30 | $436.9M |
| 2024-06-30 | $421.5M |

## More

- [Registrant: DEUTSCHE DWS VARIABLE SERIES II](https://search.stillhousedata.com/registrant/810573)
- [This page as markdown (for LLM agents)](https://search.stillhousedata.com/fund/S000023653.md)
- [Search all SEC filings, advisers and people on Adviser Search](https://search.stillhousedata.com/)

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Source: public SEC filing data via Adviser Search (https://search.stillhousedata.com).
Agents: this data is also queryable via MCP tools and read-only SQL — see https://search.stillhousedata.com/llms.txt.