Key features
Wide-range investment mandate which allows the fund to invest across the international equity landscape, including emerging markets
Seeks high-quality businesses that can potentially generate durable growth and excess returns to lay the foundation for potential superior compounded investment performance
Strives to identify valuation discrepancies across the traditional growth and value styles viewed through the lens of the business risk-valuation spectrum
Daily pricing
as of
06/05/2023
NAV 1-day net change
-0.03
Total net assets
as of
04/30/2023
All share classes
$543.7 million
Overview
Series identifiers |
CUSIP |
46600H869 |
Benchmark
Portfolio
Market cap (median) Source: FactSet
$39.9 billion
Market cap (weighted average) Source: FactSet
$78.6 billion
Portfolio turnover (last fiscal year)
63%
International equities & depositary receipts
92.3%
Cash, cash equivalents and other assets
1.1%
Top 10 holdings
as of 05/31/2023
Holdings are as of the date indicated and subject to change.
List may exclude cash and cash equivalents. Please see the Series' complete list of holdings for more information.
Holdings based by issuer.
RENESAS ELECTRONICS CORP
2.67
SAMSUNG ELECTRONICS CO LTD
2.31
TAIWAN SEMICONDUCTOR MANUFACTURING CO LT
2.27
Total % Portfolio in Top 10 holdings - 25.17%
Sector allocation
as of 05/31/2023
List may exclude cash, cash equivalents, and exchange-traded funds (ETFs) that are used for cash management purposes. Please see the Series’ complete list of holdings for more information.
Consumer discretionary
14.2%
Information technology
12.0%
Communication services
5.3%
Management
F. Chace Brundige, CFA
-
Managing Director, Senior Portfolio Manager
-
Start date on the Fund:
November 2021
-
Years of industry experience:
32
-
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.
Aditya Kapoor, CFA
-
Managing Director, Senior Portfolio Manager
-
Start date on the Fund:
November 2021
-
Years of industry experience:
16
-
Read bio
Aditya Kapoor
Managing Director, Senior Portfolio Manager
Aditya Kapoor 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. He joined IICO in 2008 as an equity investment analyst. He had served as assistant vice president and assistant portfolio manager for investment companies managed by IICO (or its affiliates) since 2013. He became portfolio manager in 2017. He earned a Bachelor of Technology in production and industrial engineering from the Indian Institute of Technology (IIT-Delhi), and holds an MBA from The Johnson School at Cornell University.
Charles John, CFA
-
Managing Director, Senior Portfolio Manager
-
Start date on the Fund:
November 2021
-
Years of industry experience:
16
-
Read bio
Charles John
Managing Director, Senior Portfolio Manager
Charles John is a Senior Portfolio Manager for Ivy Investments, now part of Macquarie Asset Management’s Delaware Management Company. He joined Macquarie Asset Management 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 May 2017, he joined IICO as an equity investment analyst, and became a portfolio manager for investment companies managed by IICO (or its affiliates) in October 2021. Previously, he was co-portfolio manager of a global fund and senior investment analyst with Scout Investments. He earned a Bachelor of Engineering in Mechanical Engineering from the Bangalore Institute of Technology (B.I.T.) India, graduating with honors. He earned an MBA with an emphasis in finance from the University of Missouri–Kansas City.
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 |
0.85% |
Distribution and service (12b-1) fees |
0.25% |
Other expenses |
0.08% |
Total annual Series operating expenses |
1.18% |
Fee waivers and expense reimbursements1 |
(0.01%) |
Total annual series operating expenses after fee waivers and expense reimbursements |
1.17% |
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.