Delaware VIP® Value Series

Key features

  • Focus on high-quality companies with attractive valuations
  • A diversified portfolio with exposure to all economic sectors, seeking protection from downside risks
  • A team-based consensus-driven process that has been consistently applied for more than 35 years
Series information
Inception date05/01/2000
Dividends paid (if any)Quarterly
Capital gains paid (if any)Annually
Series identifier

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 (01/31/2020)

as of quarter-end (12/31/2019)

YTD1 year3 year5 year10 yearLifetimeInception date
NAV (view definition)-2.65% 9.19% 8.70% 8.31% 12.63% 7.59% 05/01/2000
Russell 1000 Value Index-2.15%14.88%8.63%8.70%11.87%n/a
1 year3 year5 year10 yearLifetimeInception date
NAV (view definition)5.74% 19.60% 9.62% 8.39% 12.58% 7.77% 05/01/2000
Russell 1000 Value Index7.41%26.54%9.68%8.29%11.80%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

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
Portfolio characteristics - as of 01/31/2020
Number of holdings33
Market cap (median) Source: FactSet$62.9 billion
Market cap (weighted average) Source: FactSet$101.9 billion
Portfolio turnover (last fiscal year)13%
Beta, 3 years (relative to Russell 1000 Value Index) (view definition)0.95
Annualized standard deviation, 3 years (view definition)11.94
Portfolio composition as of 01/31/2020Total may not equal 100% due to rounding.
Domestic equities98.8%
Cash and cash equivalents1.2%
Top 10 holdings as of 01/31/2020

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

List may exclude cash, cash equivalents, and exchange-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
Waste Management Inc.3.37%
Edison International3.33%
Northrop Grumman Corp.3.29%
Abbott Laboratories3.28%
AT&T Inc.3.17%
Total % Portfolio in Top 10 holdings32.67%
Top sectors as of 01/31/2020

List may exclude cash, cash equivalents, and exchang-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 technology12.0%
Consumer staples9.1%
Communication services6.2%
Consumer discretionary5.8%
Real estate3.1%
Nik Lalvani

Nikhil G. Lalvani, CFA

Vice President, Senior Portfolio Manager, Team Leader

Start date on the Fund: October 2006

Years of industry experience: 23

(View bio)

Kristen Bartholdson

Kristen E. Bartholdson 

Vice President, Senior Portfolio Manager

Start date on the Fund: December 2008

Years of industry experience: 19

(View bio)

Bob Vogel

Robert A. Vogel Jr., CFA

Vice President, Senior Portfolio Manager

Start date on the Fund: March 2004

Years of industry experience: 28

(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 fees0.63%
Distribution and service (12b-1) fees0.30%
Other expenses0.06%
Total annual series operating expenses0.99%

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 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 02/14/2020)

Service ClassPriceNet change
Max offer price$31.01n/a

Total net assets (as of 01/31/2020)

$810.6 million all share classes

Benchmark and peer group

Russell 1000® Value Index (view definition)

Additional information