Delaware VIP® U.S. Growth Series

Key features

Differentiated approach to growth investing with an emphasis on intrinsic business value and the cash economics of a business

Concentrated, actively managed approach

Long term investment horizon focused on generating attractive risk-adjusted returns

Daily pricing as of 08/12/2020

NAV
NAV 1-day net change
Max offer price
$11.58

Total net assets as of 07/31/2020

All share classes
$403.5 million

Overview

Series information
Inception date11/15/1999
Dividends paid (if any)Annually
Capital gains paid (if any)Annually
Series identifiers
CUSIP246493589

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 (07/31/2020)

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.

Performance shown prior to Oct. 4, 2019, are as of the predecessor fund and investment team. Please see the Updated Significant Fund Event and prospectus for more information.

Average annual total return as of quarter-end (06/30/2020)

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.

Performance shown prior to Oct. 4, 2019, are as of the predecessor series and investment team. Please see the Updated Significant Series Event and prospectus for more information.

Expense ratio

Gross
0.73%
Net
0.73%

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
2019
27.25%
2018
-3.00%
2017
28.28%
2016
-5.17%
2015
5.39%
2014
12.78%
2013
34.75%
2012
16.23%
2011
7.63%
2010
13.90%

Portfolio

Portfolio characteristics as of 07/31/2020

Number of holdings
25
Market cap (median) Source: FactSet
$84.2 billion
Market cap (weighted average) Source: FactSet
$405.1 billion
Portfolio turnover (last fiscal year)
33%
Beta (relative to Russell 1000 Growth Index) (view definition)
0.96
Annualized standard deviation, 3 years (view definition)
17.86

Portfolio composition as of 07/31/2020
Total may not equal 100% due to rounding.

Domestic equities
99.6%
Cash and cash equivalents
0.4%

Top 10 holdings as of 07/31/2020

Holdings are as of the date indicated and subject to change.

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.

Holdings based by issuer.

Holding
% of portfolio
Holding
% of portfolio
MICROSOFT CORP
10.16
Amazon.com Inc.
6.83
Visa Inc.
5.84
Twilio Inc.
5.18
PAYPAL HOLDINGS INC
4.64
Charter Communications Inc.
4.60
Mastercard Inc.
4.48
ServiceNow Inc.
4.33
UBER TECHNOLOGIES INC
4.11
IQVIA Holdings Inc.
4.05

Total % Portfolio in Top 10 holdings - 54.22%

List of monthly holdingsList of quarterly holdings

Sector allocation as of 07/31/2020

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
45.6%
Communication services
15.0%
Healthcare
12.9%
Consumer discretionary
12.0%
Industrials
7.4%
Financials
3.4%
Materials
3.2%

Management

Jeffrey Van Harte-JSP

Jeffrey S. Van Harte, CFA

  • Chief Investment Officer — Jackson Square Partners, LLC
  • Start date on the Fund: April 2005
  • Years of industry experience: 39
  • Read bio
Christopher Bonavico-JSP

Christopher J. Bonavico, CFA

  • Portfolio Manager, Analyst — Jackson Square Partners, LLC
  • Start date on the Fund: April 2005
  • Years of industry experience: 32
  • Read bio
Christopher Ericksen-JSP

Christopher M. Ericksen, CFA

  • Portfolio Manager, Analyst — Jackson Square Partners, LLC
  • Start date on the Fund: April 2005
  • Years of industry experience: 26
  • Read bio
Daniel Prislin-JSP

Daniel J. Prislin, CFA

  • Portfolio Manager, Analyst — Jackson Square Partners, LLC
  • Start date on the Fund: April 2005
  • Years of industry experience: 26
  • Read bio
William Montana-JSP

William (Billy) G. Montana 

  • Portfolio Manager, Analyst — Jackson Square Partners, LLC
  • Start date on the Fund: January 2019
  • Years of industry experience: 11
  • Read bio

Fees

Annual series operating expenses
Management fees0.65%
Distribution and service (12b-1) feesnone
Other expenses0.08%
Total annual Series operating expenses0.73%

Resources

Jackson Square Partners, LLC (JSP), a US registered investment advisor, is the sub-advisor to the Series. As sub-advisor, JSP is responsible for day-to-day management of the Series’ assets. Although JSP serves as sub-advisor, the investment manager, Delaware Management Company (DMC), a series of Macquarie Investment Management Business Trust (MIMBT), has ultimate responsibility for all investment advisory services.

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

Frank Russell Company is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell® is a trademark of Frank Russell Company.

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.

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.

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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