Macquarie VIP Pathfinder Moderate Series

Macquarie VIP Pathfinder Moderate Series(formerly, Delaware Ivy VIP Pathfinder Moderate)

Key features

Macquarie VIP Pathfinder Moderate Series seeks to achieve its objective by allocating its assets among asset classes so that approximately 55-75% of the value of the Series' assets are in equities (with a maximum of 25% allocated to international/global stocks) and approximately 25-45% of the Series' assets are in fixed income (including cash).

Daily pricing as of 06/14/2024

NAV
NAV 1-day net change
Max offer price
$3.97

Total net assets as of 05/31/2024

All share classes
$415.3 million

Overview

Series information
Inception date 03/04/2008
Dividends paid (if any) Annual
Series identifiers
CUSIP 46600H737

Benchmark

45% Russell 3000 ® / 25% Bloomberg US Credit Index / 20% MSCI EAFE Index / 10% Bloomberg 1-3 Year US Government/Credit Index (view definition)

Russell 3000® Index (view definition)

Bloomberg US Credit Index (view definition)

MSCI EAFE Index (view definition)

Bloomberg 1-3 Year US Government/Credit 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.

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.

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
0.97%
Net
0.97%

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
15.33%
2022
-15.26%
2021
14.66%
2020
14.35%
2019
19.05%
2018
-3.90%
2017
14.70%
2016
3.64%
2015
0.32%
2014
4.24%

Portfolio

Portfolio characteristics as of 05/31/2024

Number of holdings
10
Portfolio turnover (last fiscal year)
29%
Beta (relative to Blend Index - Pathfinder Moderate) (view definition)
0.96
Annualized standard deviation, 3 years (view definition)
12.79

Top 10 Underlying Funds (% of net assets) 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
MACQUARIE VIP CORPORATE BOND SERIE
23.91
MACQUARIE VIP INTL CORE EQ SERIES
20.46
MACQUARIE VIP CORE EQUITY SERIES
11.82
MACQUARIE VIP GROWTH SERIES
11.42
MACQUARIE VIP VALUE SERIES
11.35
MACQUARIE VIP LIMITED-TERM BOND SE
9.65
MACQUARIE VIP MID CAP GROWTH SERIE
4.83
MACQUARIE VIP SMID CAP CORE SERIES
4.57
MACQUARIE VIP SMALL CAP GROWTH SER
1.00
MACQUARIE VIP HIGH INCOME SERIES
0.77

Total % Fund in Top 10 holdings - 99.78%

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: October 2016
  • 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 0.00%
Distribution and service (12b-1) fees none
Other expenses1 0.97%
Total annual series operating expenses 0.97%
Fee waivers and expense reimbursements none
Total annual series operating expenses after fee waivers and expense reimbursements 0.97%

Please see the prospectus and SAI for additional information.

1Other expenses contain a 0.93% acquired fund fees and expenses. Acquired Fund Fees and Expenses sets forth the Series' pro rata portion of the cumulative expenses charged by the Underlying Funds in which the Series invested during its last fiscal year. The actual Acquired Fund Fees and Expenses will vary with changes in the allocations of the Series' assets. The Acquired Fund Fees and Expenses shown are based on the total expense ratio of each Underlying Fund for the Series' most recent fiscal year.

Resources

Effective May 1, 2024, 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. The Series' investment manager, Delaware Management Company (Manager), may seek investment advice and recommendations from its affiliates: Macquarie Investment Management Europe Limited (MIMEL), Macquarie Investment Management Austria Kapitalanlage AG (MIMAK), and Macquarie Investment Management Global Limited (MIMGL) (together, the “Affiliated Sub-Advisors”). The Manager may also permit these Affiliated Sub-Advisors to execute Series security trades on behalf of the Manager and exercise investment discretion for securities in certain markets where DMC believes it will be beneficial to utilize an Affiliated Sub-Advisor’s specialized market knowledge.

Investing involves risk, including the possible loss of principal.

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.

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.

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.

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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