Key features
Focus on high-quality companies with attractive valuations
A diversified portfolio with exposure to all economic sectors, seeking protection from downside risks
Team-based consensus-driven process that has been consistently applied for over 40 years
Daily pricing
as of
10/11/2024
NAV 1-day net change
0.04
Total net assets
as of
09/30/2024
All share classes
$255.4 million
Overview
Series identifiers |
CUSIP |
46600H760 |
Benchmark
Portfolio
Market cap (median) Source: FactSet
$55.3 billion
Market cap (weighted average) Source: FactSet
$113.9 billion
Portfolio turnover (last fiscal year)
110%
International equities & depositary receipts
6.3%
Cash, cash equivalents and other assets
0.7%
Top 10 holdings
as of 09/30/2024
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.
DUPONT DE NEMOURS INC
3.35
FIDELITY NATIONAL INFORMATION SERVICES I
3.16
TELEDYNE TECHNOLOGIES INCORPORATED
3.13
TWDC ENTERPRISES 18 CORP
3.13
TRAVELERS COMPANIES INC
3.09
Total % Portfolio in Top 10 holdings - 31.72%
Sector allocation
as of 09/30/2024
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
15.4%
Consumer discretionary
9.4%
Communication services
6.1%
Management
Nikhil Lalvani, CFA
-
Managing Director, Senior Portfolio Manager, Team Leader – US Large Cap Value Equity
-
Start date on the Fund:
December 2022
-
Years of industry experience:
27
-
Read bio
Nikhil Lalvani
Managing Director, Senior Portfolio Manager, Team Leader – US Large Cap Value Equity
- Joined Delaware Investments in 1997, acquired by Macquarie in 2010
- Based in Philadelphia
Nikhil is a Senior Portfolio Manager for the US Large Cap Value Equity Team at Macquarie Asset Management (MAM), a role he first assumed with Delaware Investments in October 2006. He has held the position of Team Leader since October 2018.
Previously, Nikhil worked as a Fundamental and Quantitative Analyst on several investment strategies. He joined Delaware Investments as an Account Analyst in the SMA Operations Group. Prior to that, he was a Research Associate with Bloomberg.
Nikhil holds a Bachelor of Science in finance from The Pennsylvania State University. He holds the Chartered Financial Analyst® designation and is a member of the CFA Institute and the CFA Society of Philadelphia.
Kristen Bartholdson
-
Managing Director, Senior Portfolio Manager – US Large Cap Value Equity
-
Start date on the Fund:
December 2022
-
Years of industry experience:
24
-
Read bio
Kristen Bartholdson
Managing Director, Senior Portfolio Manager – US Large Cap Value Equity
- Joined Delaware Investments in 2006, acquired by Macquarie in 2010
- Based in Philadelphia
Kristen is a Senior Portfolio Manager for the US Large Cap Value Equity Team at Macquarie Asset Management (MAM). She first assumed portfolio management responsibilities with Delaware Investments in December 2008.
Prior to joining Delaware Investments as an Equity Analyst, Kristen worked at Susquehanna International Group, where she was in equity research sales and at Credit Suisse as an Associate Analyst in investment strategy.
Kristen holds a Bachelor of Arts in economics from Princeton University.
Erin Ksenak
-
Managing Director, Portfolio Manager – US Large Cap Value Equity
-
Start date on the Fund:
December 2022
-
Years of industry experience:
15
-
Read bio
Erin Ksenak
Managing Director, Portfolio Manager – US Large Cap Value Equity
- Joined Macquarie in 2017
- Based in Philadelphia
Erin is a Portfolio Manager for the US Large Cap Value Equity Team at Macquarie Asset Management, a role she assumed in December 2020.
Prior to joining Macquarie as an Equity Analyst, she worked at Affinity Investment Advisors as a Portfolio Manager for the domestic and international equity investment team and at Miller Investment Management as a Research Associate.
Erin holds a Bachelor of Science in finance from Fordham University and graduated summa cum laude.
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 |
0.70% |
Distribution and service (12b-1) fees |
0.25% |
Other expenses |
0.07% |
Total annual series operating expenses |
1.02% |
Fee waivers and expense reimbursements1 |
(0.02%) |
Total annual series operating expenses after fee waivers and expense reimbursements |
1.00% |
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
Invests primarily in a diversified portfolio of large cap companies that have the potential for long term capital appreciation