Key features
Seeks competitive long-term capital appreciation through bottom-up security selection and risk optimization.
Portfolio is diversified across regions and asset classes. Flexible range of 55-65% of the assets for the Equity sleeve with a long-term target of 60%.
Portfolio managers seek to capitalize on assets with low correlations to provide both total return and reduced volatility.
Daily pricing
as of
05/26/2023
NAV 1-day net change
0.06
Total net assets
as of
04/30/2023
All share classes
$576.9 million
Overview
Series identifiers |
CUSIP |
46600H646 |
Benchmark
Portfolio
Market cap (median) Source: FactSet
$62.0 billion
Market cap (weighted average) Source: FactSet
$252.5 billion
Portfolio turnover (last fiscal year)
102%
Investment grade fixed income
32.8%
Top 10 holdings as of 03/31/2023
Holdings are as of the date indicated and subject to change.
List excludes cash and cash equivalents.
TREASURY FLOATING RATE NOTE 5.183 10/31/2024
3.51
VANGUARD RUSSELL INDEX FUND;ETF
1.58
ISHARES -5 YEAR HIGH YIELD CORPORA
1.47
MASTERCARD INC CLASS A
1.41
DEUTSCHE TELEKOM N AG
1.33
CANADIAN NATURAL RESOURCES LTD
1.31
UNITEDHEALTH GROUP INC
1.26
Total % Fund in Top 10 holdings - 0.0%
Management
Investment manager
Delaware Management Company, a series of Macquarie Investment Management Business Trust (a Delaware statutory trust)
F. Chace Brundige, CFA
-
Managing Director, Senior Portfolio Manager
-
Start date on the Fund:
August 2014
-
Years of industry experience:
29
-
Read bio
F. Chace Brundige
Managing Director, Senior Portfolio Manager
F. Chace Brundige is a Senior Portfolio Manager for Ivy Investments, now part of Macquarie Asset Management’s Delaware Management Company. He joined Macquarie Asset Management (MAM) as part of the firm’s April 30, 2021 acquisition (Transaction) of the investment management business of Waddell & Reed Financial, Inc., the parent company of Ivy Investment Management Company (IICO), the former investment advisor of the Transaction Funds. In 2003, he joined IICO as an assistant portfolio manager for the large-capitalization growth equity team, became a portfolio manager for investment companies managed by IICO (or its affiliates) in February 2006. He holds a bachelor's degree in finance from Kansas State University and has earned an MBA with an emphasis in finance and accounting from the University of Chicago Graduate School of Business.
Aaron D. Young
-
Senior Vice President, Portfolio Manager
-
Start date on the Fund:
November 2021
-
Years of industry experience:
18
-
Read bio
Aaron D. Young
Senior Vice President, Portfolio Manager
Aaron D. Young is a Portfolio Manager for Ivy Investments, now part of Macquarie Asset Management’s Delaware Management Company. He joined Macquarie Asset Management (MAM) as part of the firm’s April 30, 2021 acquisition (Transaction) of the investment management business of Waddell & Reed Financial, Inc., the parent company of Ivy Investment Management Company (IICO), the former investment advisor of the Transaction Funds. He joined IICO in 2005 as a fixed income analyst with an emphasis in credit research and derivative securities. He joined the Asset Strategy team at IICO as an investment analyst in 2007. He had served as an assistant portfolio manager for investment companies managed by IICO (or its affiliates) since 2012 and has been a portfolio manager on the multi-asset investment team since 2016. He earned a bachelor's degree in philosophy from the University of Missouri and holds an MBA with an emphasis in finance and strategy from the Olin School of Business at Washington University.
Sub-advisor
Macquarie Investment Management Austria Kapitalanlage AG (MIMAK) serves as sub-advisor for the Fund.
Stefan Löwenthal, CFA
-
Managing Director, Chief Investment Officer — Global Multi Asset Team
-
Start date on the Fund:
November 2021
-
Years of industry experience:
15
-
Read bio
Stefan Löwenthal
Managing Director, Chief Investment Officer — Global Multi Asset Team
Stefan Löwenthal is the Chief Investment Officer for Macquarie Investment Management Austria Kapitalanlage AG (MIMAK), a role he assumed in February 2013. He heads the global multi asset team based in Vienna, which is responsible for all asset allocation and security selection decisions, the management of mutual funds, as well as the development of new investment strategies. In addition, Löwenthal oversees the investment policy committee, which is responsible for strategic investment decisions at MIMAK. He began his career with Macquarie in February 2008 as a portfolio manager. He holds a Master of Management Science from Vienna University of Economics and Business. Löwenthal is a lecturer for economics at the IMC University of applied sciences in Krems (Austria) and the Qiongzhou University in Sanya (China).
Jürgen Wurzer, CFA
-
Senior Vice President, Deputy Head of Portfolio Management— Global Multi Asset Team
-
Start date on the Fund:
November 2021
-
Years of industry experience:
16
-
Read bio
Jürgen Wurzer
Senior Vice President, Deputy Head of Portfolio Management— Global Multi Asset Team
Jürgen Wurzer is the Deputy Head of Portfolio Management for Macquarie Asset Management’s Global Multi Asset team, a role he assumed in April 2018. He is responsible for designing and managing multi asset strategies, overseeing quantitative research and modelling, as well as analyzing global equity markets. He initially joined Macquarie in
January 2007, focusing on multi asset solutions. Prior to re-joining Macquarie in April 2018, he was part of the multi asset management team at Erste Asset Management from September 2016 to March 2018. He graduated from University of Applied Sciences Wiener Neustadt with a master’s degree. Wurzer is a lecturer for asset allocation, quantitative finance, and portfolio and risk management at several educational institutions.
Fees
The following table describes the fees and expenses that you may pay if you buy, hold, and sell 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 fees |
0.70% |
Distribution and service (12b-1) fees |
none |
Other expenses |
0.07% |
Total annual Series operating expenses |
0.77% |
Fee waivers and expense reimbursements1 |
(0.15%) |
Total annual series operating expenses after fee waivers and expense reimbursements |
0.62% |
Please see the prospectus and SAI for additional information.
1Net expense ratio reflects a contractual waiver of certain fees/and/or expense reimbursements from May 1, 2023 through April 30, 2024. Please see the fee table in the Series' prospectus for more information.