Key features
Objective
To achieve its objective, Delaware Ivy VIP Pathfinder Moderately Conservative – Managed Volatility allocates its assets primarily among the underlying funds shown on this Fund Detail page so that approximately 30-45% of their value is in U.S. stocks, approximately 5-20% is in international/global stocks, approximately 0-50% is in bonds and approximately 15-55% in short-term investments. In addition, the Portfolio applies a customized strategy that seeks to manage the volatility of equity returns using securities such as exchange-traded futures and options contracts.
Daily pricing
as of
05/26/2023
NAV 1-day net change
0.02
Total net assets
as of
04/30/2023
All share classes
$31.2 million
Overview
Series identifiers |
CUSIP |
46600H653 |
Benchmark
40% Russell 3000® Index + 30% Bloomberg US Credit Index + 15% Bloomberg 1-3 Year US Government/Credit Index + 15% MSCI EAFE Index
40% Russell 3000® Index + 30% Bloomberg US Universal Bond Index + 15% Bloomberg 1-5 Year US Government/Credit Index + 15% MSCI EAFE Index
Russell 3000® Index
(view definition)
MSCI EAFE (Europe, Australasia, Far East) Index
(view definition)
Bloomberg US Credit Index
(view definition)
Bloomberg 1-3 Year Government/Credit Index
(view definition)
Bloomberg US Universal Index
(view definition)
Bloomberg 1-5 Year Government/Credit Index
(view definition)
Portfolio
Portfolio turnover (last fiscal year)
43%
Beta (relative to
Blend Index - Pathfinder Moderately Conservative)
(view definition)
0.83
International equity
13.80%
Domestic fixed income
37.70%
International fixed income
4.40%
Cash and cash equivalents
3.70%
Top 10 Underlying Funds (% of net assets) as of 03/31/2023
Holdings are as of the date indicated and subject to change.
List excludes cash and cash equivalents.
DELAWARE IVY VIP:CORPORATE BOND
22.96
DELAWARE IVY VIP LIMITED-TERM BOND
20.01
DELAWARE IVY VIP:GROWTH
11.17
DELAWARE IVY VIP CORE EQUITY
10.47
DELAWARE VY VIP:VALUE
10.05
DELAWARE IVY VIP:INTL CORE EQUITY
9.65
DELAWARE IVY VIP GLOBAL VALUE EQUI
5.05
DELAWARE IVY VIP MID CAP GROWTH I
4.37
DELAWARE IVY VIP:SM CAP CORE
2.43
DELAWARE IVY VIP HIGH INCOME I
0.96
Total % Fund in Top 10 holdings - 0.0%
Top 10 Equity countries as of 01/31/2023
(As a % of equity holdings)
List may exclude cash and cash equivalents.
Top 10 Fixed income countries as of 01/31/2023
(As a % of fixed income holdings)
List may exclude cash and cash equivalents.
Management
Investment manager
Delaware Management Company, a series of Macquarie Investment Management Business Trust (a Delaware statutory trust)
Aaron D. Young
-
Senior Vice President, Portfolio Manager
-
Start date on the Fund:
October 2016
-
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-advisors
Securian Asset Management, Inc. (Securian AM)
Macquarie Investment Management Austria Kapitalanlage AG (MIMAK)
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 |
0.20% |
Distribution and service (12b-1) fees |
none |
Other expenses1 |
1.01% |
Total annual Series operating expenses |
1.21% |
Fee waivers and expense reimbursements |
none |
Total annual series operating expenses after fee waivers and expense reimbursements |
1.21% |
Please see the prospectus and SAI for additional information.
1Other expenses contain a 0.68% 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.