Key features
Building a progressive portfolio of leading mid-cap growth companies while following a prudent approach
Investing in U.S. mid-cap companies demonstrating profitability, balance sheet strength and attractive valuations
Evaluating valuations and growth to identify Greenfield Growth, Stable Growth and Unrecognized Growth
Daily pricing
as of
05/26/2023
NAV 1-day net change
0.25
Total net assets
as of
04/30/2023
All share classes
$472.2 million
Overview
| Series identifiers |
| CUSIP |
46600H851 |
Benchmark
Portfolio
Market cap (median) Source: FactSet
$13.1 billion
Market cap (weighted average) Source: FactSet
$22.0 billion
Portfolio turnover (last fiscal year)
29%
International equities & depositary receipts
4.0%
Cash, cash equivalents and other assets
0.5%
Top 10 holdings
as of 04/30/2023
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.
MARKETAXESS HOLDINGS INC
3.36
MONOLITHIC POWER SYSTEMS INC
3.10
MICROCHIP TECHNOLOGY INCORPORATED
2.26
INTUITIVE SURGICAL INC
2.18
Total % Portfolio in Top 10 holdings - 28.46%
Sector allocation
as of 04/30/2023
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.
Information technology
30.6%
Consumer discretionary
15.3%
Communication services
6.8%
Management
Kimberly A. Scott, CFA
-
Managing Director, Senior Portfolio Manager
-
Start date on the Fund:
February 2001
-
Years of industry experience:
36
-
Read bio
Kimberly A. Scott, CFA
Managing Director, Senior Portfolio Manager
Kimberly A. Scott is a Senior Portfolio Manager for Ivy Investments, now part of Macquarie Asset Management’s Delaware Management Company. She 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. She had served as a portfolio manager for investment companies managed by IICO (or its affiliates) since February 2001. She served as an investment analyst with IICO from April 1999 to February 2001. She joined IICO in April 1999. She earned a bachelor's degree in microbiology from the University of Kansas and holds an MBA from the University of Cincinnati.
Nathan Brown, CFA
-
Managing Director, Senior Portfolio Manager
-
Start date on the Fund:
October 2016
-
Years of industry experience:
24
-
Read bio
Nathan Brown
Managing Director, Senior Portfolio Manager
Nathan A. Brown 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. He joined IICO in June 2003 as an investment analyst. He was appointed assistant vice president in January 2010 and had served as an assistant portfolio manager for investment companies managed by IICO (or its affiliates) since February 2011. He took on portfolio management responsibilities in 2014. He earned a bachelor's degree in finance from the University of Iowa and holds an MBA with an emphasis in finance and accounting from Vanderbilt University.
Bradley P. Halverson, CFA
-
Managing Director, Senior Portfolio Manager
-
Start date on the Fund:
November 2021
-
Years of industry experience:
21
-
Read bio
Bradley P. Halverson
Managing Director, Senior Portfolio Manager
Bradley P. Halverson is a Senior Portfolio Manager for another investment company 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. He joined IICO in 2008 as an investment analyst on the small-capitalization growth team and took on portfolio management responsibilities in 2016. He earned a bachelor's degree and a master's degree in accounting from Brigham Young University and an MBA with an emphasis in finance and corporate strategy from the University of Michigan.
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 |
0.07% |
| Total annual Series operating expenses |
1.17% |
| Fee waivers and expense reimbursements1 |
(0.07%) |
| Total annual series operating expenses after fee waivers and expense reimbursements |
1.10% |
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.