Delaware VIP® U.S. Growth Series

Key features

  • Differentiated approach to growth investing with an emphasis on intrinsic business value and the cash economics of a business
  • Concentrated, actively managed approach
  • Long term investment horizon focused on generating attractive risk-adjusted returns
Series information
Inception date05/01/2000
Dividends paid (if any)Annually
Capital gains paid (if any)Annually
Series identifier
CUSIP246493597

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted.

Total returns may reflect waivers and/or expense reimbursements by the manager and/or distributor for some or all of the periods shown. Performance would have been lower without such waivers and reimbursements.

Average annual total return

as of month-end (10/31/2019)

as of quarter-end (09/30/2019)

YTD1 year3 year5 year10 yearLifetimeInception date
NAV (view definition)21.78%14.24%14.08%9.09%13.57%4.04%05/01/2000
Russell 1000 Growth Index26.77%17.10%18.92%13.43%15.41%n/a
1 year3 year5 year10 yearLifetimeInception date
NAV (view definition)0.00%3.42%12.54%9.54%13.35%3.98%05/01/2000
Russell 1000 Growth Index1.49%3.71%16.89%13.39%14.94%n/a

Returns for less than one year are not annualized.

Index performance returns do not reflect any management fees, transaction costs, or expenses. Indices are unmanaged and one cannot invest directly in an index.

Expense ratio
Gross1.03%
Net1.03%

The performance and expense ratio information shown represent the performance and fees as they relate to actual shares of the Series. These examples do not include any fees or sales charges imposed by the variable insurance contract for which the Series is an investment option. If they were included, your costs would be higher and performance would be lower. Investors should consult the contract prospectus or disclosure documents for more information.

Quarterly total returns @ NAV
Year1st quarter2nd quarter3rd quarter4th quarterAnnual return
201911.69%7.63%0.00%n/an/a
20181.27%3.86%6.87%-13.97%-3.29%
20177.37%6.40%8.77%3.09%28.10%
2016-6.50%-1.37%7.08%-4.30%-5.50%
20152.74%1.50%-7.33%8.74%5.08%
2014-0.08%5.08%0.48%6.62%12.48%
201310.17%-0.02%9.90%11.06%34.44%
201216.07%-5.28%6.20%-0.69%15.95%
20115.96%1.57%-10.62%11.76%7.50%
20102.40%-11.43%14.46%9.38%13.54%
20090.00%15.32%12.06%10.61%42.94%
Portfolio characteristics - as of 10/31/2019
Number of holdings29
Market cap (median) Source: FactSet$46.6 billion
Market cap (weighted average) Source: FactSet$214.0 billion
Portfolio turnover (last fiscal year)40%
Beta, 3 years (relative to Russell 1000 Growth Index) (view definition)0.93
Annualized standard deviation, 3 years (view definition)12.98
Portfolio composition as of 10/31/2019Total may not equal 100% due to rounding.
Domestic equities99.8%
Cash and cash equivalents0.2%
Top 10 holdings as of 10/31/2019

Holdings are as of the date indicated and subject to change.

List may exclude cash, cash equivalents, and exchanged-traded funds (ETFs) that are used for cash management purposes. Please see the Fund’s complete list of holdings for more information.

Holdings based by issuer.

Holding% of portfolio
MICROSOFT CORP10.23%
BALL CORP5.45%
IQVIA Holdings Inc.5.43%
Charter Communications Inc.4.93%
Dollar Tree Inc.4.79%
KKR & Co. Inc.4.77%
Constellation Brands Inc.4.63%
Hasbro Inc.4.20%
UnitedHealth Group Inc.4.00%
Mastercard Inc.3.94%
Total % Portfolio in Top 10 holdings52.37%
Top sectors as of 10/31/2019

List may exclude cash, cash equivalents, and exchanged-traded funds (ETFs) that are used for cash management purposes. Please see the Fund’s complete list of holdings for more information.

Sector% of portfolio
Information technology30.6%
Communication services19.6%
Healthcare15.1%
Consumer discretionary12.1%
Financials10.4%
Materials5.5%
Consumer staples4.6%
Real estate1.8%

Investment manager

Delaware Management Company (DMC)

Sub-advisor

Jackson Square Partners, LLC


Jeff VanHarte

Jeffrey S. Van Harte, CFA

Chairman, Chief Investment Officer — Jackson Square Partners, LLC

Start date on the Fund: April 2005

Years of industry experience: 38

(View bio)


Chris Bonavico

Christopher J. Bonavico, CFA

Portfolio Manager, Research Analyst — Jackson Square Partners, LLC

Start date on the Fund: April 2005

Years of industry experience: 31

(View bio)


Chris Ericksen

Christopher M. Ericksen, CFA

Portfolio Manager, Research Analyst — Jackson Square Partners, LLC

Start date on the Fund: April 2005

Years of industry experience: 25

(View bio)


Daniel J. Prislin

Daniel J. Prislin, CFA

Portfolio Manager, Research Analyst — Jackson Square Partners, LLC

Start date on the Fund: April 2005

Years of industry experience: 25

(View bio)


William Montana

William (Billy) G. Montana 

Portfolio Manager, Research Analyst — Jackson Square Partners, LLC

Start date on the Fund: January 2019

Years of industry experience: 10

(View bio)


The following table describes the fees and expenses that you may pay if you buy and hold shares of the Series. The fee table does not reflect any fees or sales charges imposed by variable insurance contracts. If it did, the expenses would be higher.

Annual series operating expenses
Management fees0.65%
Distribution and service (12b-1) fees0.30%
Other expenses0.08%
Total annual series operating expenses1.03%

Jackson Square Partners, LLC (JSP), a US registered investment advisor, is the sub-advisor to the Series. As sub-advisor, JSP is responsible for day-to-day management of the Series’ assets. Although JSP serves as sub-advisor, the investment manager, Delaware Management Company (DMC), a series of Macquarie Investment Management Business Trust (MIMBT), has ultimate responsibility for all investment advisory services.

All third-party marks cited are the property of their respective owners.

Frank Russell Company is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell® is a trademark of Frank Russell Company.

Carefully consider the Series' investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Series' prospectus and its summary prospectus, which may be obtained by visiting delawarefunds.com/vip/literature or calling 800 523-1918. Investors should read the prospectus and the summary prospectus carefully before investing.

Investing involves risk, including the possible loss of principal.

Delaware VIP Series refers to Delaware VIP Funds. Delaware VIP Funds are not available for direct investment except for issuers of variable insurance product contracts. They are available only through the purchase of certain variable insurance products.

Fund Finder

Daily pricing (as of 11/15/2019)

Service ClassPriceNet change
NAV$9.370.10
Max offer price$9.37n/a

Total net assets (as of 10/31/2019)

$362.7 million all share classes

Benchmark, peer group

Russell 1000® Growth Index (view definition)

Additional information