Macquarie VIP Asset Strategy Series

Macquarie VIP Asset Strategy Series(formerly, Delaware Ivy VIP Asset Strategy)

Key features

Seeks equity like return with lower than index volatility over a full market cycle

Utilizes a strategic mix of less correlated assets, including global equity, fixed income, and commodities

Managed by an experienced team through their time-tested proprietary multi-asset approach

Daily pricing as of 06/14/2024

NAV
NAV 1-day net change
Max offer price
$9.54

Total net assets as of 05/31/2024

All share classes
$584.6 million

Overview

Series information
Inception date 04/28/2017
Dividends paid (if any) Quarterly
Series identifiers
CUSIP 46600H646

Benchmark

MSCI ACWI 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 (as applicable) 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 (05/31/2024)

Returns for less than one year are not annualized.

Benchmark lifetime returns are as of the Series' inception date.

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 (03/31/2024)

Returns for less than one year are not annualized.

Benchmark lifetime returns are as of the Series' inception date.

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
0.76%
Net
0.60%

Net expense ratio reflects a contractual waiver of certain fees and/or expense reimbursements from May 1, 2024 through April 30, 2025. 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
14.22%
2022
-14.54%
2021
10.72%
2020
14.16%
2019
22.08%
2018
-5.20%

Portfolio

Portfolio characteristics as of 05/31/2024

Number of holdings
348
Market cap (median) Source: FactSet
$90.6 billion
Market cap (weighted average) Source: FactSet
$635.6 billion
Portfolio turnover (last fiscal year)
74%
Beta (relative to MSCI ACWI Index (Net)) (view definition)
0.74
Annualized standard deviation, 3 years (view definition)
12.68

Portfolio composition as of 05/31/2024
Total may not equal 100% due to rounding.

Global equity
61.5%
Investment grade fixed income
30.8%
Other assets
7.6%

Top 10 holdings as of 05/31/2024

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

List excludes cash and cash equivalents.

Holding
% of portfolio
Holding
% of portfolio
VIP ASF GOLD CFC
4.27
MICROSOFT CORP
3.44
NVIDIA CORP
2.45
ALPHABET INC CLASS A
2.26
AMAZON COM INC
2.00
TAIWAN SEMICONDUCTOR MANUFACTURING
1.71
APPLE INC
1.69
VANGUARD RUSSELL INDEX FUND;ETF
1.56
ELI LILLY
1.47
MASTERCARD INC CLASS A
1.35

Total % Fund in Top 10 holdings - 22.20%

List of monthly holdingsList of quarterly holdings

Management

Investment manager

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

Aaron Young

Aaron D. Young 

  • Senior Vice President, Portfolio Manager – Global Multi-Asset
  • Start date on the Fund: November 2021
  • Years of industry experience: 20
  • Read bio

Sub-advisor

Macquarie Investment Management Austria Kapitalanlage AG (MIMAK) serves as sub-advisor for the Fund.

Stefan Lowenthal

Stefan Löwenthal, CFA

  • Managing Director, Head of Global Multi-Asset
  • Start date on the Fund: November 2021
  • Years of industry experience: 16
  • Read bio
Jurgen Wurzer

Jürgen Wurzer 

  • Managing Director, Deputy Head of Global Multi-Asset
  • Start date on the Fund: November 2021
  • Years of industry experience: 17
  • Read bio

Fees

Annual portfolio operating expenses
Management fees 0.70%
Distribution and service (12b-1) fees none
Other expenses 0.06%
Total annual series operating expenses 0.76%
Fee waivers and expense reimbursements1 (0.16%)
Total annual series operating expenses after fee waivers and expense reimbursements 0.60%

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, 2024 through April 30, 2025. Please see the fee table in the Series' prospectus for more information.

1Net expense ratio reflects a contractual waiver of certain fees/and/or expense reimbursements from November 23, 2021 through November 23, 2022.

Resources

Effective May 1, 2024, Class I was renamed Standard Class and Class II was renamed Service Class.

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.

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

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.

The prices of bonds and other fixed income securities will increase as interest rates fall and decrease as interest rates rise. Fixed income securities with longer maturities or duration generally are more sensitive to interest rate changes. An issuer of a fixed income security may be unable to make interest payments and/or repay principal in a timely manner. The principal on a fixed income security may be prepaid prior to maturity, which may require reinvestment at a lower interest rate. High yield securities (“junk bonds”) are subject to reduced creditworthiness of issuers, increased risk of default, and a more limited and less liquid secondary market. High yield securities may also be subject to greater price volatility and risk of loss of income and principal than higher-rated securities.

Exposure to the commodities markets may subject the investments to greater volatility than investments in traditional securities.

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.

Macquarie 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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