Delaware VIP Global Equity

Delaware VIP Global Equity(formerly Delaware VIP Global Value Equity)

Key features

Seek securities that are potentially mispriced due to the market's short-term bias

Disciplined investment process that seeks to identify underappreciated businesses

Investment philosophy that balancing valuation and quality can reduce downside risk

Daily pricing as of 02/23/2024

NAV
NAV 1-day net change
Max offer price
$5.23

Total net assets as of 01/31/2024

All share classes
$39.6 million

Overview

Series information
Inception date 12/30/2003
Dividends paid (if any) Annual
Series identifiers
CUSIP 46600H505

Benchmark

MSCI ACWI Index (net) (view definition)

MSCI World Index (net) (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 (01/31/2024)

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 (12/31/2023)

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
1.07%
Net
1.04%

Net 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.

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
14.13%
2022
-11.32%
2021
16.98%
2020
3.15%
2019
23.15%
2018
-11.68%
2017
15.56%
2016
6.95%
2015
-2.06%
2014
9.84%

Portfolio

Portfolio characteristics as of 01/31/2024

Number of holdings
52
Market cap (median) Source: FactSet
$122.9 billion
Market cap (weighted average) Source: FactSet
$543.3 billion
Portfolio turnover (last fiscal year)
47%
Beta (relative to MSCI ACWI Index (Net)) (view definition)
0.80
Annualized standard deviation, 3 years (view definition)
15.72

Portfolio composition as of 01/31/2024
Total may not equal 100% due to rounding.

Domestic equities
57.2%
International equities & depositary receipts
40.2%
Cash, cash equivalents and other assets
2.6%

Top 10 holdings as of 01/31/2024

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.

Holding
% of portfolio
Holding
% of portfolio
MICROSOFT CORPORATION
5.17
AMAZON.COM INC
3.69
COSTCO WHOLESALE CORPORATION
3.18
APPLE INC
2.85
LOREAL SA
2.82
TAIWAN SEMICONDUCTOR MANUFACTURING CO LT
2.69
ALIMENTATION COUCHE-TARD INC
2.64
CASEYS GENERAL STORES INC
2.64
ALPHABET INC
2.61
RECKITT BENCKISER GROUP PLC
2.59

Total % Portfolio in Top 10 holdings - 30.88%

List of monthly holdingsList of quarterly holdings

Sector allocation as of 01/31/2024

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.

Sector
% of portfolio
Sector
% of portfolio
Consumer staples
25.4%
Information technology
23.1%
Healthcare
11.7%
Financials
10.9%
Communication services
10.3%
Industrials
5.5%
Consumer discretionary
5.0%
Energy
4.4%
Materials
1.0%

Management

Aditya Kapoor

Aditya Kapoor, CFA

  • Managing Director, Senior Portfolio Manager
  • Start date on the Fund: August 2023
  • Years of industry experience: 16
  • Read bio
Charles John

Charles John, CFA

  • Managing Director, Senior Portfolio Manager
  • Start date on the Fund: August 2023
  • Years of industry experience: 17
  • Read bio
Charles Trey Schorgl

Trey Schorgl, CFA

  • Managing Director, Senior Portfolio Manager
  • Start date on the Fund: August 2023
  • Years of industry experience: 13
  • Read bio

Fees

Annual portfolio operating expenses
Management fees 0.70%
Distribution and service (12b-1) fees 0.25%
Other expenses 0.12%
Total annual portfolio operating expenses 1.07%
Fee waivers and expense reimbursements1 (0.03%)
Total annual portfolio operating expenses after fee waivers and expense reimbursements 1.04%

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.

Resources

Significant Fund Event

On August 31, 2023, the portfolio management responsibilities of the Portfolio changed and Aditya Kapoor, Charles John and Charles (Trey) Schorgl now serve as portfolio managers of the Portfolio. In addition, on October 31, 2023, the Portfolio’s name changed to Delaware VIP Global Equity and the Portfolio’s benchmark changed from the MSCI World Index to the MSCI ACWI (All Country World Index) Index.

The Fund’s investment manager, Delaware Management Company (Manager), may permit its affiliate, Macquarie Investment Management Global Limited (MIMGL) to execute Fund security trades on behalf of the Manager. The Manager may also seek quantitative support from MIMGL.

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.

Investing involves risk, including the possible loss of principal.

International investments entail risks including fluctuation in currency values, differences in accounting principles, or economic or political instability. Investing in emerging markets can be riskier than investing in established foreign markets due to increased volatility, lower trading volume, and higher risk of market closures. In many emerging markets, there is substantially less publicly available information and the available information may be incomplete or misleading. Legal claims are generally more difficult to pursue.

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.

All third-party marks cited are the property of their respective owners.

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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