Key features
Focus on higher-quality companies with attractive valuations
Uses a research-intensive approach that emphasizes fundamental active stock selection
Invests primarily in a diversified portfolio of large cap companies that have the potential for long term capital appreciation
Daily pricing
as of
06/05/2023
NAV 1-day net change
-0.02
Total net assets
as of
04/30/2023
All share classes
$349.3 million
Overview
Series identifiers |
CUSIP |
46600H760 |
Benchmark
Portfolio
Market cap (median) Source: FactSet
$52.6 billion
Market cap (weighted average) Source: FactSet
$105.7 billion
Portfolio turnover (last fiscal year)
72%
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.
CISCO SYSTEMS INC (PRE-MERGER)
3.33
MOTOROLA SOLUTIONS INC
3.31
COGNIZANT TECHNOLOGY SOLUTIONS CORPORATI
3.20
Total % Portfolio in Top 10 holdings - 32.68%
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.
Information technology
16.3%
Communication services
8.9%
Consumer discretionary
6.7%
Management
Nikhil G. Lalvani, CFA
-
Managing Director, Senior Portfolio Manager,
Team Leader
-
Start date on the Fund:
December 2022
-
Years of industry experience:
26
-
Read bio
Nikhil G. Lalvani
Managing Director, Senior Portfolio Manager,
Team Leader
Nikhil G. Lalvani is a Senior Portfolio Manager for the firm’s US Large Cap Value Equity team and assumed the role of Team Leader in October 2018. At Macquarie Investment Management (MIM), Lalvani has worked as both a fundamental and quantitative analyst. Prior to joining the firm in 1997 as an account analyst, he was a research associate with Bloomberg. Lalvani holds a bachelor’s degree in finance from The Pennsylvania State University. He is a member of the CFA Institute and the CFA Society of Philadelphia.
Robert A. Vogel Jr., CFA
-
Managing Director, Senior Portfolio Manager
-
Start date on the Fund:
December 2022
-
Years of industry experience:
31
-
Read bio
Robert A. Vogel Jr.
Managing Director, Senior Portfolio Manager
Robert A. Vogel Jr. is a Senior Portfolio Manager for the firm’s US Large Cap Value Equity team. Prior to joining
Macquarie Asset Management (MAM) in 2004 as vice president and senior portfolio manager, he worked at
Merrill Lynch Investment Managers for more than seven years, where he rose to the position of director and
portfolio manager within the US Active Large-Cap Value team. He began his career in 1992 as a financial
consultant at Merrill Lynch. Vogel graduated from Loyola University Maryland, earning both bachelor’s and
master’s degrees in finance. He also earned an MBA with a concentration in finance from The Wharton School
of the University of Pennsylvania. Vogel is a member of the CFA Society New York, the CFA Institute, and the
CFA Society of Philadelphia.
Kristen E. Bartholdson
-
Managing Director, Senior Portfolio Manager
-
Start date on the Fund:
December 2022
-
Years of industry experience:
22
-
Read bio
Kristen E. Bartholdson
Managing Director, Senior Portfolio Manager
Kristen E. Bartholdson is a Senior Portfolio Manager for the firm’s US Large Cap Value Equity team. Prior to joining Macquarie Asset Management (MAM) in 2006 as an equity analyst, she worked at Susquehanna International Group from 2004 to 2006, where she was an equity research salesperson. From 2000 to 2004, she worked in equity research at Credit Suisse, most recently as an associate analyst in investment strategy. Bartholdson earned her bachelor’s degree in economics from Princeton University.
Erin Ksenak
-
Senior Vice President, Portfolio Manager
-
Start date on the Fund:
December 2022
-
Years of industry experience:
14
-
Read bio
Erin Ksenak
Senior Vice President, Portfolio Manager
Erin Ksenak is a Portfolio Manager on the firm’s US Large Cap Value Equity team, a role she assumed in December 2020. Prior to joining Macquarie Investment Management (MIM) in May 2017 as an equity analyst for the US Large Cap Value Equity team, she worked at Affinity Investment Advisors from 2014 to April 2017 as a portfolio manager for the domestic and international equity investment team. Before that, Ksenak worked at Miller Investment Management as a research associate. From 2009 to 2014, she worked at Morgan Stanley Investment Management (later known as Echo Point Investment Management) as a senior research analyst. Ksenak graduated summa cum laude from Fordham University with a bachelor’s degree in finance.
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 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 |
0.70% |
Distribution and service (12b-1) fees |
0.25% |
Other expenses |
0.06% |
Total annual Series operating expenses |
1.01% |
Fee waivers and expense reimbursements1 |
none |
Total annual series 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 Series' prospectus for more information.
Invests primarily in a diversified portfolio of large cap companies that have the potential for long term capital appreciation