Delaware VIP® Growth Equity Series

Delaware VIP® Growth Equity Series

Key features

Concentrated approach that seeks high-quality companies with undiscovered growth potential

Systematic integration of technology and fundamental analysis leads to strong risk controls and drives performance

Straightforward investment philosophy that has been applied consistently for more than 30 years

Daily pricing as of 02/03/2023

NAV
NAV 1-day net change
Max offer price
$17.29

Total net assets as of 12/31/2022

All share classes
$89.7 million

Overview

Series information
Inception date 11/08/1999
Dividends paid (if any) Annual
Capital gains paid (if any) Annually
Series identifiers
CUSIP 246493514

Benchmark

Russell 1000® Growth 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 (01/31/2023)

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.

Average annual total return as of quarter-end (12/31/2022)

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
0.75%
Net
0.75%

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
2022
-26.60%
2021
39.23%
2020
29.50%
2019
24.35%
2018
-3.79%
2017
32.80%
2016
4.04%
2015
3.21%
2014
13.53%
2013
33.15%

Portfolio

Portfolio characteristics as of 12/31/2022

Number of holdings
37
Market cap (median) Source: FactSet
$109.1 billion
Market cap (weighted average) Source: FactSet
$555.9 billion
Portfolio turnover (last fiscal year)
31%
Beta (relative to Russell 1000 Growth Index) (view definition)
0.92
Annualized standard deviation, 3 years (view definition)
22.43

Portfolio composition as of 01/31/2023
Total may not equal 100% due to rounding.

Domestic equities
95.6%
International equities & depositary receipts
4.1%
Cash, cash equivalents and other assets
0.4%

Top 10 holdings as of 12/31/2022

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 Corp.
12.41
Alphabet Inc.
5.87
Apple Inc.
5.59
Visa Inc.
4.88
Verisign Inc.
4.83
Motorola Solutions Inc.
4.81
AMAZON.COM Inc.
4.44
Costar Grp Inc.
4.38
UnitedHealth Group Inc
4.38
Coca-Cola Co.
3.63

Total % Portfolio in Top 10 holdings - 55.22%

List of monthly holdingsList of quarterly holdings

Sector allocation as of 12/31/2022

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
Information technology
47.3%
Consumer discretionary
13.5%
Healthcare
10.7%
Industrials
10.6%
Communication services
9.1%
Financials
5.2%
Consumer staples
3.6%

Management

Investment manager

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

Bradley M Klapmeyer

Bradley M. Klapmeyer, CFA

  • Managing Director, Senior Portfolio Manager
  • Start date on the Fund: May 2022
  • Years of industry experience: 23
  • Read bio
Bradley D Angermeier

Bradley D. Angermeier, CFA

  • Managing Director, Senior Portfolio Manager
  • Start date on the Fund: May 2022
  • Years of industry experience: 14
  • Read bio

Sub-advisors

Macquarie Funds Management Hong Kong Limited (MFMHKL)
Macquarie Investment Management Global Limited (MIMGL)

Fees

Annual series operating expenses
Management fees 0.65%
Distribution and service (12b-1) fees none
Other expenses 0.10%
Total annual Series operating expenses 0.75%
Fee waivers and expense reimbursements1 none
Total annual series operating expenses after fee waivers and expense reimbursements 0.75%

Please see the prospectus and SAI for additional information.

1Net expense ratio reflects a contractual waiver of certain fees/and/or expense reimbursements from April 29, 2022 through April 29, 2023. Please see the fee table in the Series' prospectus for more information.

Resources

Carefully consider the Series' investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Series' 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.

Investments in small and/or medium-sized companies typically exhibit greater risk and higher volatility than larger, more established companies.

Narrowly focused investments may exhibit higher volatility than investments in multiple industry sectors.

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 Series’ 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 Series from executing advantageous investment decisions in a timely manner and could negatively impact the Series’ ability to achieve its investment objective. Any such event(s) could have a significant adverse impact on the value and risk profile of the Series.

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..

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

Delaware VIP® Series refers to Delaware VIP Funds. Delaware 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.

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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