Key features
Long-term growth outlook to take advantage of short-term market dislocations
Invests in the highest conviction investment opportunities, with a focus on durable growth and quality cyclicals
Active, risk-optimized portfolio management that strives to generate consistent results in most market environments
Daily pricing
as of
12/12/2024
NAV 1-day net change
-0.03
Total net assets
as of
11/30/2024
All share classes
$165.4 million
Overview
Series identifiers |
CUSIP |
46600H877 |
Benchmark
Portfolio
Market cap (median) Source: FactSet
$93.9 billion
Market cap (weighted average) Source: FactSet
$763.9 billion
Portfolio turnover (last fiscal year)
45%
International equities & depositary receipts
35.6%
Cash, cash equivalents and other assets
1.8%
Top 10 holdings
as of 11/30/2024
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.
MICROSOFT CORPORATION
5.37
TAIWAN SEMICONDUCTOR MANUFACTURING CO LT
2.94
UNITEDHEALTH GROUP INC
2.16
Total % Portfolio in Top 10 holdings - 32.06%
Sector allocation
as of 11/30/2024
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.
Information technology
25.1%
Consumer discretionary
11.6%
Communication services
9.3%
Management
Aditya Kapoor, CFA
-
Managing Director, Senior Portfolio Manager
-
Start date on the Fund:
November 2021
-
Years of industry experience:
17
-
Read bio
Aditya Kapoor
Managing Director, Senior Portfolio Manager
- Joined Ivy Investments in 2008, acquired by Macquarie in 2021
- Based in Kansas City
Adi is a Senior Portfolio Manager for Macquarie Asset Management’s (MAM’s) Ivy Global Equity Team, where he is responsible for making day-to-day investment decisions for the team’s strategy.
Adi joined Ivy Investments as an Equity Investment Analyst. He had served as Assistant Vice President and Assistant Portfolio Manager for the firm since 2013. He became a Portfolio Manager in 2017.
He earned a Bachelor of Technology in production and industrial engineering from the Indian Institute of Technology (IIT-Delhi) and received a Master of Business Administration from The Johnson School at Cornell University. He holds the Chartered Financial Analyst® designation.
Charles John, CFA
-
Managing Director, Senior Portfolio Manager
-
Start date on the Fund:
November 2021
-
Years of industry experience:
17
-
Read bio
Charles John
Managing Director, Senior Portfolio Manager
- Joined Ivy Investments in 2017, acquired by Macquarie in 2021
- Based in Kansas City
Charles is a Senior Portfolio Manager for Macquarie Asset Management’s (MAM’s) Ivy Global Equity Team, where he is responsible for making day-to-day investment decisions for the team’s strategy.
Charles joined Ivy Investments as an Equity Investment Analyst and became a Portfolio Manager for the firm in 2021. Previously, he was Co-Portfolio Manager of a global fund and Senior Investment Analyst with Scout Investments.
Charles is a volunteer at Freedom Service Dogs, an organization that transforms lives by partnering individuals in need with custom-trained assistance dogs. He is also a board member of Friends for Youth, an organization that provides mentoring services for the at-risk youth population.
Charles earned a Bachelor of Engineering in mechanical engineering from the Bangalore Institute of Technology (B.I.T.) India (Honors). He earned a Master of Business Administration with an emphasis in finance from the University of Missouri–Kansas City. He holds the Chartered Financial Analyst® designation.
Trey Schorgl, CFA
-
Managing Director, Senior Portfolio Manager
-
Start date on the Fund:
July 2023
-
Years of industry experience:
14
-
Read bio
Trey Schorgl
Managing Director, Senior Portfolio Manager
- Joined Ivy Investments in 2014, acquired by Macquarie in 2021
- Based in Kansas City
Trey is a Senior Portfolio Manager for Macquarie Asset Management’s (MAM’s) Ivy Global Equity Team, where he is responsible for making day-to-day investment decisions for the team’s strategy.
He joined Ivy Investments as an Equity Analyst. He was appointed Senior Equity Analyst in January 2022; he assumed portfolio management responsibilities in July 2023. His research responsibilities were concentrated in aerospace and defense, industrial conglomerates, and semiconductors and semiconductor capital equipment. Prior to joining Ivy Investments, he was an Equity Analyst with Balyasny Asset Management. Before that, he was an Equity Research Associate with Credit Suisse.
He earned a Bachelor of Business Administration cum laude with a double major in finance and accounting from Texas Christian University. He holds the Chartered Financial Analyst® designation, and he is a member of the CFA Institute and the CFA Society of Kansas City.
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 portfolio operating expenses |
Management fees |
0.85% |
Distribution and service (12b-1) fees |
0.25% |
Other expenses |
0.16% |
Total annual series operating expenses |
1.26% |
Fee waivers and expense reimbursements1 |
(0.22%) |
Total annual series 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, 2024 through April 30, 2025. Please see the fee table in the Series'
prospectus for more information.
Resources
Shareholder report – Annual
Shareholder report – Semi-annual