Delaware Ivy VIP Pathfinder Moderate

Delaware Ivy VIP Pathfinder Moderate

Key features

Objective

To achieve its objective, Delaware Ivy VIP Pathfinder Moderate allocates its assets primarily among the underlying funds shown on this Fund Detail page so that approximately 40-50% of their value is in U.S. stocks, approximately 15-25% is in international/global stocks, approximately 0-35% is in bonds and approximately 10-45% in short-term investments to add income and reduce volatility.

Daily pricing as of 04/17/2024

NAV
$3.89
NAV 1-day net change
No Change
Max offer price
$3.89

Total net assets as of 03/31/2024

All share classes
$434.6 million

Overview

Series information
Inception date 03/04/2008
Dividends paid (if any) Annual
Series identifiers
CUSIP 46600H737

Benchmark

45% Russell 3000 ® / 25% Bloomberg US Credit Index / 20% MSCI EAFE Index / 10% Bloomberg 1-3 Year US Government/Credit Index (view definition)

Russell 3000® Index (view definition)

Bloomberg US Credit Index (view definition)

MSCI EAFE Index (view definition)

Bloomberg 1-3 Year US Government/Credit 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 (03/31/2024)

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 (03/31/2024)

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
0.77%
Net
0.77%

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
2023
15.33%
2022
-15.26%
2021
14.66%
2020
14.35%
2019
19.05%
2018
-3.90%
2017
14.70%
2016
3.64%
2015
0.32%
2014
4.24%

Portfolio

Portfolio characteristics as of 03/31/2024

Number of holdings
10
Portfolio turnover (last fiscal year)
29%
Beta (relative to Blend Index - Pathfinder Moderate) (view definition)
0.97
Annualized standard deviation, 3 years (view definition)
12.66

Top 10 Underlying Funds (% of net assets) as of 03/31/2024

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

List excludes cash and cash equivalents.

Holding
% of portfolio
Holding
% of portfolio
DELAWARE IVY VIP:CORPORATE BOND
23.92
DELAWARE IVY VIP:INTL CORE EQUITY
20.05
DELAWARE VY VIP:VALUE
11.78
DELAWARE IVY VIP CORE EQUITY
11.67
DELAWARE IVY VIP:GROWTH
11.37
DELAWARE IVY VIP LIMITED-TERM BOND
9.56
DELAWARE IVY VIP MID CAP GROWTH I
5.04
DELAWARE IVY VIP SMID CAP CORE
4.61
DELAWARE IVY VIP SMALL CAP GROWTH
1.02
DELAWARE IVY VIP HIGH INCOME I
0.75

Total % Fund in Top 10 holdings - 99.77%

Top 10 Fixed income countries as of //

(As a % of fixed income holdings)
List may exclude cash and cash equivalents.

Country
% of portfolio
Country
% of portfolio

Management

Investment manager

Delaware Management Company, a series of Macquarie Investment Management Business Trust (a Delaware statutory trust)

Aaron Young

Aaron D. Young 

  • Senior Vice President, Portfolio Manager – Global Multi-Asset
  • Start date on the Fund: October 2016
  • Years of industry experience: 19
  • Read bio

Sub-advisor

Macquarie Investment Management Austria Kapitalanlage AG (MIMAK) serves as sub-advisor for the Fund.

Stefan Lowenthal

Stefan Löwenthal, CFA

  • Managing Director, Head of Global Multi-Asset
  • Start date on the Fund: November 2021
  • Years of industry experience: 16
  • Read bio
Jurgen Wurzer

Jürgen Wurzer 

  • Managing Director, Deputy Head of Global Multi-Asset
  • Start date on the Fund: November 2021
  • Years of industry experience: 17
  • Read bio

Fees

Annual portfolio operating expenses
Management fees 0.00%
Distribution and service (12b-1) fees none
Other expenses1 0.77%
Total annual portfolio operating expenses 0.77%
Fee waivers and expense reimbursements none
Total annual portfolio operating expenses after fee waivers and expense reimbursements 0.77%

Please see the prospectus and SAI for additional information.

1Other expenses contain a 0.71% acquired fund fees and expenses. Acquired Fund Fees and Expenses sets forth the Portfolio's pro rata portion of the cumulative expenses charged by the Underlying Funds in which the Portfolio invested during its last fiscal year. The actual Acquired Fund Fees and Expenses will vary with changes in the allocations of the Portfolio's assets. The Acquired Fund Fees and Expenses shown are based on the total expense ratio of each Underlying Fund for the Fund's most recent fiscal year.

Resources

Carefully consider the Portfolios' investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Portfolios' 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 funds 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. The Fund may also be subject to prepayment risk, the risk that the principal of a bond that is held by a portfolio will be prepaid prior to maturity, at the time when interest rates are lower than what the bond was paying. A portfolio may then have to reinvest that money at a lower interest rate.

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.

Frank Russell Company (“Russell”) is the source and owner of the trademarks, service marks, and copyrights related to the Russell Indexes. Russell® is a trademark of Russell.

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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