Deutsche Investments Vit Funds

10/16/2024 | Press release | Distributed by Public on 10/16/2024 07:07

Prospectus by Investment Company - Form 497

SUPPLEMENT TO THE CURRENTLY EFFECTIVE STATEMENT OF ADDITIONAL INFORMATION

DWS Equity 500 Index VIP

DWS Small Cap Index VIP

The following information replaces the existing tables for DWS Equity 500 Index VIP and DWS Small Cap Index VIP in "Part I: Appendix I-D - Portfolio Management" of the funds' Statement of Additional Information. The information for Chris J. Jaeger and Michael Gleeman is provided as of September 30, 2024.

DWS Equity 500 Index VIP

Fund Ownership of Portfolio Managers

Name of Portfolio Manager Dollar Range of
Fund Shares Owned
Chris J. Jaeger $0
Michael Gleeman $0

DWS Small Cap Index VIP

Fund Ownership of Portfolio Managers

Name of Portfolio Manager Dollar Range of
Fund Shares Owned
Chris J. Jaeger $0
Michael Gleeman $0

Conflicts of Interest

DWS Equity 500 Index VIP

Other SEC Registered Investment Companies Managed:

Name of Portfolio Manager Number of Registered Investment Companies Total Assets of Registered Investment Companies Number of Investment Company Accounts with Performance Based Fee Total Assets of Performance Based Fee Accounts
Chris J. Jaeger 6 $20,108,873,321 0 $0
Michael Gleeman 2 $2,207,830,898 0 $0

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Other Pooled Investment Vehicles Managed:

Name of Portfolio Manager Number of Pooled Investment Vehicles Total Assets of Pooled Investment Vehicles Number of Pooled Investment Vehicle Accounts with Performance-Based Fee Total Assets of Performance-Based Fee Accounts
Chris J. Jaeger 6 $42,631,068,031 0 $0
Michael Gleeman 9 $35,377,923,971 0 $0

Other Accounts Managed:

Name of Portfolio Manager Number of Other Accounts Total Assets of Other Accounts Number of Other Accounts with Performance-Based Fee Total Assets of Performance Based Fee Accounts
Chris J. Jaeger 14 $14,405,485,263 0 $0
Michael Gleeman 9 $36,577,207,868 0 $0

DWS Small Cap Index VIP

SEC Registered Investment Companies Managed:

Name of Portfolio Manager Number of Registered Investment Companies Total Assets of Registered Investment Companies Number of Investment Company Accounts with Performance Based Fee Total Assets of Performance Based Fee Accounts
Chris J. Jaeger 6 $20,445,748,126 0 $0
Michael Gleeman 2 $2,546,265,304 0 $0

Other Pooled Investment Vehicles Managed:

Name of Portfolio Manager Number of Pooled Investment Vehicles Total Assets of Pooled Investment Vehicles Number of Pooled Investment Vehicle Accounts with Performance-Based Fee Total Assets of Performance-Based Fee Accounts
Chris J. Jaeger 6 $42,631,068,031 0 $0
Michael Gleeman 9 $35,377,923,971 0 $0

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Other Accounts Managed:

Name of Portfolio Manager Number of Other Accounts Total Assets of Other Accounts Number of Other Accounts with Performance-Based Fee Total Assets of Performance Based Fee Accounts
Chris J. Jaeger 14 $14,405,485,263 0 $0
Michael Gleeman 9 $36,577,207,868 0 $0

Please Retain This Supplement for Future Reference

October 16, 2024

SAISTKR24-30