Delaware Ivy VIP Balanced

Delaware Ivy VIP Balanced

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Key features

Seeks total return with a flexible exposure to securities throughout the capital structure that offer the potential for capital growth and current income

Provides diversification among different asset classes and across geographies consistent with a moderate investment risk tolerance

Strategic and tactical allocations made by an investment team with more than 30 years' collective experience managing multi-asset portfolios

Daily pricing as of 02/03/2023

NAV
NAV 1-day net change
Max offer price
$4.97

Total net assets as of 12/31/2022

All share classes
$208.8 million

Overview

Series information
Inception date 05/03/1994
Dividends paid (if any) Quarterly
Series identifiers
CUSIP 46600H208

Benchmark

S&P 500® Index (view definition)

Bloomberg US Aggregate Index (view definition)

Performance

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 (01/31/2023)

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.

Average annual total return as of quarter-end (12/31/2022)

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

Gross
1.00%
Net
1.00%

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.

Calendar year total returns @ NAV

Year
Annual return
Year
Annual return
2022
-16.11%
2021
15.97%
2020
14.11%
2019
22.09%
2018
-3.24%
2017
11.37%
2016
2.03%
2015
-0.33%
2014
7.58%
2013
23.70%

Portfolio

Portfolio characteristics as of 12/31/2022

Number of holdings
282
Market cap (median) Source: FactSet
$82.2 billion
Market cap (weighted average) Source: FactSet
$368.8 billion
Portfolio turnover (last fiscal year)
79%
Beta (relative to S&P 500 Index) (view definition)
0.74
Annualized standard deviation, 3 years (view definition)
15.85

Top 10 holdings as of 12/31/2022

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

List excludes cash and cash equivalents.

Holding
% of portfolio
Holding
% of portfolio
Treasury Note 0.125 4/30/2023 0.125 4/30/2023
4.70
Microsoft Corp.
4.37
Unitedhealth Group Inc.
3.26
Treasury Note 4.250 10/15/2025 4.250 10/15/2025
2.46
Treasury Note 0.375 4/15/2024 0.375 4/15/2024
2.21
Vanguard Russell Index FUND;ETF
1.97
Nextera Energy Inc.
1.90
United Rentals Inc.
1.90
Progressive Corp.
1.71
Apple Inc.
1.64

Total % Fund in Top 10 holdings - 0.0%

List of monthly holdingsList of quarterly holdings

Management

Aaron Young

Aaron D. Young 

  • Senior Vice President, Portfolio Manager
  • Start date on the Fund: November 2021
  • Years of industry experience: 18
  • Read bio
Stefan Lowenthal

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
Jurgen Wurzer

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

Fees

Annual series operating expenses
Management fees 0.70%
Distribution and service (12b-1) fees 0.25%
Other expenses 0.05%
Total annual Series operating expenses 1.00%
Fee waivers and expense reimbursements1 none
Total annual series operating expenses after fee waivers and expense reimbursements 1.00%

Please see the prospectus and SAI for additional information.

1Net expense ratio reflects a contractual waiver of certain fees/and/or expense reimbursements from April 29, 2022 through April 29, 2023. Please see the fee table in the Series' prospectus for more information.

Resources

Significant Fund Event

On September 13, 2021, the Board of Trustees (Board) of the Ivy Variable Insurance Portfolios approved the appointment of Macquarie Investment Management Austria Kapitalanlage portfolio managers Stefan Löwenthal and Jürgen Wurzer, along with Aaron D. Young of Delaware Management Company (DMC), as new portfolio managers. In connection with this change, the Board approved applicable revisions to the Portfolio’s investment strategies and benchmark. All changes took effect on or about November 15, 2021.

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.

The Portfolio’s investment manager, Delaware Management Company (Manager), may permit its affiliates, Macquarie Investment Management Global Limited (MIMGL) and Macquarie Funds Management Hong Kong Limited, to execute Portfolio security trades on behalf of the Manager. The Manager may also seek quantitative support from MIMGL. The Portfolio’s investment manager, Delaware Management Company (Manager), may seek investment advice and recommendations from its affiliates: Macquarie Investment Management Europe Limited (MIMEL), Macquarie Investment Management Austria Kapitalanlage AG (MIMAK), and Macquarie Investment Management Global Limited (MIMGL) (together, the “Affiliated Sub-Advisors”). The Manager may also permit these Affiliated Sub-Advisors to execute Portfolio security trades on behalf of the Manager and exercise investment discretion for securities in certain markets where DMC believes it will be beneficial to utilize an Affiliated Sub-Advisor’s specialized market knowledge.

Investing involves risk, including the possible loss of principal.

Fixed income securities and bond portfolios can lose value, and investors can lose principal as interest rates rise. They also may be affected by economic conditions that hinder an issuer’s ability to make interest and principal payments on its debt. High yielding, non-investment-grade bonds (junk bonds) involve higher risk than investment grade bonds. The high yield secondary market is particularly susceptible to liquidity problems when institutional investors, such as mutual funds and certain other financial institutions, temporarily stop buying bonds for regulatory, financial, or other reasons. In addition, a less liquid secondary market makes it more difficult for to obtain precise valuations of the high yield securities.

Risk is increased in a concentrated portfolio since it holds a limited number of securities with each investment having a greater effect on the overall performance.

There is no guarantee that dividend-paying stocks will continue to pay dividends.

IBOR risk is the risk that changes related to the use of the London interbank offered rate (LIBOR) or similar rates (such as EONIA) could have adverse impacts on financial instruments that reference these rates. The abandonment of these rates and transition to alternative rates could affect the value and liquidity of instruments that reference them and could affect investment strategy performance.

Natural or environmental disasters, such as earthquakes, fires, floods, hurricanes, tsunamis, and other severe weather-related phenomena generally, and widespread disease, including pandemics and epidemics, have been and can be highly disruptive to economies and markets, adversely impacting individual companies, sectors, industries, markets, currencies, interest and inflation rates, credit ratings, investor sentiment, and other factors affecting the value of the Portfolio’s investments. Given the increasing interdependence among global economies and markets, conditions in one country, market, or region are increasingly likely to adversely affect markets, issuers, and/or foreign exchange rates in other countries. These disruptions could prevent the Portfolio from executing advantageous investment decisions in a timely manner and could negatively impact the Portfolio’s ability to achieve its investment objective. Any such event(s) could have a significant adverse impact on the value and risk profile of the Portfolio.

Delaware Ivy 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.

Nothing presented should be construed as a recommendation to purchase or sell any security or follow any investment technique or strategy.

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