What is the virtual hardware version of the VM (in the VM's Settings > Compatibility), It should be 21, especially if you want the improvements in VMware Tools  (3D support, drag/drop/copy/paste performance enhancements, suspend/resume, host time sync, etc) to work on Fusion 13.5

I'm looking at a similarly configured Windows 11 ARM Home 22621.2506 VM on my Mac mini 2020 M1 with Fusion 13.5 and Vmware Tools 12.3.0.22234872. Those devices aren't displayed in Device Monitor at all - and everything is working fine.

Was this a VM that was created on 13.5 or the 2023 Tech Preview, or was it upgraded from a VM created on Fusion 13.0.x version?

Here's something you might try (take a snapshot first):

• Run Device manager and delete the two devices.
• Then reboot the system and see if the devices return.