Key features
Focus on high-quality companies with attractive valuations
A diversified portfolio with exposure to all economic sectors, seeking protection from downside risks
Team-based consensus-driven process that has been consistently applied for over 40 years
Daily pricing
as of
11/29/2023
NAV 1-day net change
No Change
Total net assets
as of
10/31/2023
All share classes
$303.0 million
Overview
Series identifiers |
CUSIP |
46600H760 |
Benchmark
Portfolio
Market cap (median) Source: FactSet
$46.3 billion
Market cap (weighted average) Source: FactSet
$89.5 billion
Portfolio turnover (last fiscal year)
72%
International equities & depositary receipts
3.2%
Cash, cash equivalents and other assets
0.9%
Top 10 holdings
as of 10/31/2023
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.
ALLSTATE CORPORATION (THE)
3.44
AMERICAN INTERNATIONAL GROUP INC
3.35
NORTHROP GRUMMAN CORP
3.31
MOTOROLA SOLUTIONS INC
3.23
VERIZON COMMUNICATIONS INC
3.23
HONEYWELL INTERNATIONAL INC
3.22
DUPONT DE NEMOURS INC
3.15
Total % Portfolio in Top 10 holdings - 32.72%
Sector allocation
as of 10/31/2023
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.
Information technology
14.9%
Communication services
9.2%
Consumer discretionary
6.3%
Management
Nikhil Lalvani, CFA
-
Managing Director, Senior Portfolio Manager, Team Leader – US Large Cap Value Equity
-
Start date on the Fund:
December 2022
-
Years of industry experience:
26
-
Read bio
Nikhil Lalvani
Managing Director, Senior Portfolio Manager, Team Leader – US Large Cap Value Equity
- Joined Delaware Investments in 1997, acquired by Macquarie in 2010
- Based in Philadelphia
Nikhil is a Senior Portfolio Manager for the US Large Cap Value Equity Team at Macquarie Asset Management (MAM), a role he first assumed with Delaware Investments in October 2006. He has held the position of Team Leader since October 2018.
Previously, Nikhil worked as a Fundamental and Quantitative Analyst on several investment strategies. He joined Delaware Investments as an Account Analyst in the SMA Operations Group. Prior to that, he was a Research Associate with Bloomberg.
Nikhil holds a Bachelor of Science in finance from The Pennsylvania State University. He holds the Chartered Financial Analyst® designation and is a member of the CFA Institute and the CFA Society of Philadelphia.
Kristen Bartholdson
-
Managing Director, Senior Portfolio Manager – US Large Cap Value Equity
-
Start date on the Fund:
December 2022
-
Years of industry experience:
23
-
Read bio
Kristen Bartholdson
Managing Director, Senior Portfolio Manager – US Large Cap Value Equity
- Joined Delaware Investments in 2006, acquired by Macquarie in 2010
- Based in Philadelphia
Kristen is a Senior Portfolio Manager for the US Large Cap Value Equity Team at Macquarie Asset Management (MAM). She first assumed portfolio management responsibilities with Delaware Investments in December 2008.
Prior to joining Delaware Investments as an Equity Analyst, Kristen worked at Susquehanna International Group, where she was in equity research sales and at Credit Suisse as an Associate Analyst in investment strategy.
Kristen holds a Bachelor of Arts in economics from Princeton University.
Erin Ksenak
-
Managing Director, Portfolio Manager – US Large Cap Value Equity
-
Start date on the Fund:
December 2022
-
Years of industry experience:
14
-
Read bio
Erin Ksenak
Managing Director, Portfolio Manager – US Large Cap Value Equity
- Joined Macquarie in 2017
- Based in Philadelphia
Erin is a Portfolio Manager for the US Large Cap Value Equity Team at Macquarie Asset Management, a role she assumed in December 2020.
Prior to joining Macquarie as an Equity Analyst, she worked at Affinity Investment Advisors as a Portfolio Manager for the domestic and international equity investment team and at Miller Investment Management as a Research Associate.
Erin holds a Bachelor of Science in finance from Fordham University and graduated summa cum laude.
The portfolio management team for the Fund changed effective December 5, 2022. Please read the latest prospectus, including the supplement dated December 5, 2022, for more information concerning this event. Because everyone’s tax situation is unique, you should consult your tax professional about federal, state, local, or foreign tax consequences before making an investment in the Fund.
Fees
The following table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Portfolio. 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 portfolio operating expenses |
Management fees |
0.70% |
Distribution and service (12b-1) fees |
0.25% |
Other expenses |
0.06% |
Total annual portfolio operating expenses |
1.01% |
Fee waivers and expense reimbursements1 |
none |
Total annual portfolio operating expenses after fee waivers and expense reimbursements |
1.01% |
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 Portfolios' prospectus for more information.
Invests primarily in a diversified portfolio of large cap companies that have the potential for long term capital appreciation