Fund Detail

Delaware Ivy VIP Government Money Market

(Formerly, Ivy VIP Government Money Market)
CLOSED TO NEW INVESTORS*
Track Fund

Fund Summary

Overview
The Portfolio seeks to achieve its objective by investing under normal circumstances, at least 99.5% of its total assets in: (1) debt securities issued or guaranteed by the U.S. government or certain U.S. government agencies or instrumentalities (government securities), (2) repurchase agreements that are fully collateralized by cash and/or government securities, and/or (3) cash. The Portfolio seeks, as well, to maintain a net asset value (NAV) of $1.00 per share.
Table View
Daily Net Shareholder Flows
Six Month Historical Shadow NAV - Daily
Prime Institutional Funds (including Institutional Municipal Money Funds) - Six Month Historical Floating NAV - Daily
Daily Liquid Assets
Weekly Liquid Assets
Date Net Inflows/Outflows % Daily Liquid Assets % Weekly Assets Shadows NAV
10/21/2021 (61491) 42.44% 100.00% 0.9999
10/20/2021 (242018) 42.50% 100.00% 0.9999
10/19/2021 114628.37 42.30% 100.00% 0.9999
10/18/2021 87532.77 40.84% 100.00% 0.9999
10/15/2021 36875.70 40.75% 100.00% 0.9999
10/14/2021 (166745) 40.73% 100.00% 0.9999
10/13/2021 (296824) 40.91% 100.00% 0.9999
10/12/2021 (251412) 41.24% 100.00% 0.9999
10/11/2021 (50213) 41.50% 100.00% 0.9999
10/08/2021 100505.57 41.55% 100.00% 0.9999
10/07/2021 (771049) 41.45% 100.00% 0.9999
10/06/2021 (99987) 42.25% 100.00% 0.9999
10/05/2021 124819.28 42.35% 100.00% 0.9999
10/04/2021 (171709) 42.22% 100.00% 0.9999
10/01/2021 162887.85 42.40% 100.00% 0.9999
09/30/2021 443124.23 42.23% 100.00% 0.9999
09/29/2021 (115916) 41.77% 100.00% 0.9999
09/28/2021 (32658) 41.90% 100.00% 0.9999
09/27/2021 35193.49 41.93% 100.00% 0.9999
09/24/2021 (55284) 41.89% 100.00% 0.9999
09/23/2021 (5441) 41.95% 100.00% 0.9999
09/22/2021 149061.83 41.96% 100.00% 0.9999
09/21/2021 105627.33 41.80% 100.00% 0.9999
09/20/2021 (648469) 37.60% 100.00% 0.9999
09/17/2021 75134.19 38.32% 100.00% 0.9999
09/16/2021 (52183) 38.24% 100.00% 0.9999
09/15/2021 30198.58 38.29% 100.00% 0.9999
09/14/2021 (314966) 38.28% 100.00% 0.9999
09/13/2021 (119996) 38.62% 100.00% 0.9999
09/10/2021 (296464) 38.75% 100.00% 0.9999
09/09/2021 (141776) 39.07% 100.00% 0.9999
09/08/2021 (67317) 39.22% 100.00% 0.9999
09/07/2021 (197436) 39.29% 100.00% 0.9999
09/03/2021 201285.05 39.50% 100.00% 0.9999
09/02/2021 58775.52 39.29% 100.00% 0.9999
09/01/2021 130765.97 39.23% 100.00% 0.9999
08/31/2021 (285663) 39.09% 100.00% 0.9999
08/30/2021 176056.47 39.39% 100.00% 0.9999
08/27/2021 105614.77 39.20% 100.00% 0.9999
08/26/2021 (112974) 39.09% 100.00% 0.9999
08/25/2021 (164393) 39.21% 100.00% 0.9999
08/24/2021 (480102) 39.39% 100.00% 0.9999
08/23/2021 9637.90 39.89% 100.00% 0.9999
08/20/2021 (862) 39.88% 100.00% 0.9999
08/19/2021 (48580) 39.88% 100.00% 0.9999
08/18/2021 (198795) 39.93% 100.00% 0.9999
08/17/2021 250103.69 40.13% 100.00% 0.9999
08/16/2021 (412298) 39.88% 100.00% 0.9999
08/13/2021 424132.08 40.30% 100.00% 0.9999
08/12/2021 546669.90 39.73% 100.00% 0.9999
08/11/2021 (192045) 39.16% 100.00% 0.9999
08/10/2021 474949.69 39.36% 100.00% 0.9999
08/09/2021 (131730) 38.86% 100.00% 0.9999
08/06/2021 (141066) 39.00% 100.00% 0.9999
08/05/2021 264178.94 39.15% 100.00% 0.9999
08/04/2021 2496.55 57.41% 100.00% 0.9999
08/03/2021 (31777) 57.41% 100.00% 0.9999
08/02/2021 (2282) 57.43% 100.00% 1.0002
07/30/2021 (22033) 57.43% 100.00% 1.0002
07/29/2021 1117674.23 23.33% 100.00% 1.0002
07/28/2021 142363.73 21.79% 100.00% 1.0002
07/27/2021 11665.97 21.59% 100.00% 1.0002
07/26/2021 (7233) 21.58% 100.00% 1.0002
07/23/2021 16524.49 21.59% 100.00% 1.0002
07/22/2021 (38972) 21.56% 100.00% 1.0002
07/21/2021 (21305) 21.62% 100.00% 1.0002
07/20/2021 (112844) 20.23% 100.00% 1.0002
07/19/2021 (35226) 20.39% 100.00% 1.0002
07/16/2021 42442.59 20.44% 100.00% 1.0002
07/15/2021 118280.49 20.38% 100.00% 1.0002
07/14/2021 36077.08 19.62% 100.00% 1.0002
07/13/2021 (318674) 19.56% 100.00% 1.0002
07/12/2021 (952) 20.02% 100.00% 1.0002
07/09/2021 (56447) 20.02% 100.00% 1.0002
07/08/2021 (53136) 20.10% 100.00% 1.0002
07/07/2021 2060117.32 20.18% 100.00% 1.0002
07/06/2021 154007.17 17.14% 100.00% 1.0002
07/02/2021 18738.78 16.91% 100.00% 1.0002
07/01/2021 65962.87 16.89% 100.00% 1.0002
06/30/2021 (24649) 16.78% 100.00% 1.0002
06/29/2021 (125736) 16.82% 100.00% 1.0002
06/28/2021 163315.75 17.02% 100.00% 1.0002
06/25/2021 (541463) 16.10% 100.00% 1.0002
06/24/2021 38232.77 16.93% 100.00% 1.0002
06/23/2021 490675.99 16.87% 100.00% 1.0002
06/22/2021 314752.69 16.12% 100.00% 1.0002
06/21/2021 296406.84 15.62% 100.00% 1.0002
06/18/2021 6874.04 14.72% 100.00% 1.0002
06/17/2021 (50291) 14.71% 100.00% 1.0002
06/16/2021 (3736430) 14.79% 100.00% 1.0002
06/15/2021 (380237) 20.23% 100.00% 1.0002
06/14/2021 (327895) 20.75% 100.00% 1.0002
06/11/2021 (84842) 15.15% 100.00% 1.0002
06/10/2021 112339.69 15.28% 100.00% 1.0002
06/09/2021 (83369) 15.11% 100.00% 1.0002
06/08/2021 12747.99 15.23% 100.00% 1.0002
06/07/2021 (95279) 15.22% 100.00% 1.0002
06/04/2021 (16135) 15.36% 100.00% 1.0002
06/03/2021 67839.92 15.38% 100.00% 1.0002
06/02/2021 (80916) 15.28% 100.00% 1.0002
06/01/2021 (12980) 15.40% 100.00% 1.0005
05/28/2021 (29990) 15.42% 100.00% 1.0005
05/27/2021 (12794) 15.46% 100.00% 1.0005
05/26/2021 (7666) 15.48% 100.00% 1.0005
05/25/2021 (50633) 15.49% 100.00% 1.0005
05/24/2021 365175.24 15.57% 100.00% 1.0005
05/21/2021 (123756) 15.03% 100.00% 1.0005
05/20/2021 (97548) 15.21% 100.00% 1.0005
05/19/2021 813842.54 15.36% 100.00% 1.0005
05/18/2021 (895538) 14.15% 100.00% 1.0005
05/17/2021 (193686) 15.48% 100.00% 1.0005
05/14/2021 78265.57 15.43% 100.00% 1.0005
05/13/2021 (109460) 15.31% 100.00% 1.0005
05/12/2021 828132.26 15.47% 100.00% 1.0005
05/11/2021 (1129019) 14.26% 100.00% 1.0005
05/10/2021 (6933) 15.91% 100.00% 1.0005
05/07/2021 (63770) 15.92% 100.00% 1.0005
05/06/2021 (263161) 16.01% 100.00% 1.0005
05/05/2021 (686774) 16.39% 100.00% 1.0009
05/04/2021 (11702) 17.35% 100.00% 1.0009
05/03/2021 (122026) 17.37% 100.00% 1.0009
04/30/2021 (108038) 17.53% 100.00% 0.9999
04/29/2021 (192014) 17.68% 100.00% 0.9999
04/28/2021 733268.11 17.95% 100.00% 0.9999
04/27/2021 1303978.91 16.94% 100.00% 0.9999
04/26/2021 44746.17 15.07% 100.00% 0.9999
04/23/2021 (88452) 15.01% 100.00% 0.9999

*On September 13, 2021, the Board of Trustees of the Ivy Variable Insurance Portfolios approved a proposal to liquidate and dissolve the Portfolio. The liquidation and dissolution are expected to take effect on or about November 15, 2021 (Liquidation Date).

The Portfolio was closed to new investors on September 30, 2021 and to existing shareholders five (5) business days before the Liquidation Date.

Portfolio Management
  • Mira Stevovich, CFA

    • — Delaware Management Company
    • — 23 Years with Fund
    • — 34 Years in Industry
Documents
Fact Sheet
Prospectus
Summary Prospectus
Statement of Additional Information
Annual Report
Semi-Annual Report
Quarterly Commentary
XBRL
Information Statement
Q1 Holdings
Q3 Holdings
Fund Facts
Ticker Symbol -
CUSIP 46600H836
Fund Code 853
Fund Type Fixed Income Funds
Fund Inception 7/13/1987
Class Inception 7/13/1987
Fiscal Year End December
Dividends Paid Daily, Paid Monthly
Fund Assets
(as of 9/30/2021)
$56.4 mil
Total Holdings
(as of 9/30/2021)
6
Morningstar Category Prime Money Market

Fund Performance

Data quoted is past performance and current performance may be lower or higher. Past performance is no guarantee of future results. Investment return and principal value of an investment will fluctuate, and shares, when redeemed, may be worth more or less than their original cost.

Monthly Rates of Return Average Annual Total Returns as of 9/30/2021

(Returns for periods of less than 1-yr are not annualized)
YTD 1YR 3YR 5YR 10YR LIFE
Fund at NAV 0.00% 0.01% 0.90% 0.87% 0.45% 2.85%

Quarterly Rates of Return Average Annual Total Returns as of 9/30/2021

(Returns for periods of less than 1-yr are not annualized)
YTD 1YR 3YR 5YR 10YR LIFE
Fund at NAV 0.00% 0.01% 0.90% 0.87% 0.45% 2.85%

Annualized 7-Day Yield as of 10/21/2021

Subsidized 0.00%
Unsubsidized -0.64%

Expense Ratios as of 4/30/2021

Net 0.47%
Gross 0.47%

Fund Distributions

Historical Prices Inception 7/13/1987

Date Price Dividend Reinvest Date Capital Gain Reinvest Date

Historical Distributions Inception 7/13/1987

Ex-date Income Capital Gains Reinvest Gains Payment Date

*Special Dividend
The table includes the daily prices at NAV (net asset value) for the history of this fund's selected share class. NAV is the amount per share you would receive if you sold shares that day.

Fund Documents

Top 10 Holdings as a % of net assets as of 9/30/2021

State Street Institutional U.S. Government Money Market Fund - Premier Class, 0.025%, 10-1-21, 0.0%, 10/1/2021 43.53%
U.S. International Development Finance Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate), 0.1%, 10/7/2021 25.11%
U.S. International Development Finance Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate), 0.1%, 10/7/2021 18.75%
U.S. International Development Finance Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate), 0.1%, 10/7/2021 9.92%
U.S. International Development Finance Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate), 0.1%, 10/7/2021 3.55%
Toyota Motor Credit Corp. (1-Week U.S. LIBOR plus 25 bps), 0.2%, 10/7/2021 Toyota Motor Corporation operates in the automotive industry worldwide. It engages in the design, manufacture, assembly, and sale of passenger cars, minivans, and trucks and related parts and accessories, 0.23%, 7/1/2010 0.44%
Total Portfolio Holdings VIEW | DOWNLOAD (as of 9/30/2021)
updated monthly, upon availability
Maturity (as of 9/30/2021)
Weighted Average Maturity 4 days
Weighted Average Life Maturity 4 days
Total Portfolio Holdings
VIEW | DOWNLOAD (as of 9/30/2021)

Fund Documents

Documents

Fact Sheet
Prospectus
Summary Prospectus
Statement of Additional Information
Annual Report
Semi-Annual Report
Quarterly Commentary
XBRL
Information Statement
Q1 Holdings
Q3 Holdings

Additional Fund Literature

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Data quoted is past performance and current performance may be lower or higher. Past performance is no guarantee of future results. Investment return and principal value of an investment will fluctuate, and shares, when redeemed, may be worth more or less than their original cost.

You could lose money by investing in Delaware Ivy VIP Government Money Market. Although the Portfolio seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Portfolio is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Portfolio’s sponsor has no legal obligation to provide financial support to the Portfolio, and you should not expect that the sponsor will provide financial support to the Portfolio at any time.

Risk factors: Investing involves risk, including the possible loss of principal. Interest rate increases can cause the price of a money market security to decrease. A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a money market security to decrease. Fund shares are not guaranteed by the US Government. The DELAWARE IVY VARIABLE INSURANCE PORTFOLIOSSM, are only available as investment options in variable life insurance policies and variable annuity contracts issued by participating insurance companies. They are not offered or made available directly to the general public. 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 Portfolio’s 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 Portfolio from executing advantageous investment decisions in a timely manner and could negatively impact the Portfolio’s ability to achieve its investment objective. Any such event(s) could have a significant adverse impact on the value and risk profile of the Portfolio. IBOR risk is the risk that changes related to the use of the London interbank offered rate (LIBOR) or similar rates (such as EONIA) could have adverse impacts on financial instruments that reference these rates. The abandonment of these rates and transition to alternative rates could affect the value and liquidity of instruments that reference them and could affect investment strategy performance.

The Morningstar Prime Money Market Category compares funds that invest in short-term money market securities in order to provide a level of current income that is consistent with the preservation of capital. These funds designate themselves as Prime in Form N-MFP.

Annuities are long-term financial products designed for retirement purposes. Annuity and life insurance guarantees are based on the financial strength and claims-paying ability of the issuing insurance company. The guarantees have no bearing on the performance of a variable investment option. Variable investment options are subject to market risk, including loss of principal. There are charges and expenses associated with annuities and variable life insurance products, including mortality and expense risk charges, management fees, administrative fees, expenses for optional riders and deferred sales charges for early withdrawals. Withdrawals before age 59 1/2 may be subject to a 10% IRS tax penalty and surrender charges may apply.

Prior to October 14, 2016, the Ivy VIP Government Money Market Fund was known as the Ivy VIP Money Market Fund. Effective October 14, 2016, the Portfolio changed its name and investment strategy to reflect that it is classified as a “government money market fund.” Performance prior to October 14, 2016 reflects the Portfolio’s former investment strategy as a prime money market fund, which permitted investments in certain types of securities that, as a government money market fund, the Portfolio is no longer permitted to hold.

Daily Net Shareholder Flows: Shows daily net shareholder flows (inflows minus outflows) over the last six months for the product.

Daily Liquid Assets: Regulations require that a money market mutual product hold at least 10% of its total assets in daily liquid assets that can be readily converted to cash in one business day. The graph shows the percentage of daily liquid assets over the last six months for the product.

Weekly Liquid Assets: Regulations require that a money market mutual product hold at least 30% of its total assets in weekly liquid assets that can be readily converted to cash in five business days. The graph shows the percentage of weekly liquid assets over the last six months for the product.

Six Month Historical Shadow NAV - Daily: Money market products that transact at a stable price are required by the Securities and Exchange Commission (SEC) to report instances on Form N-CR when the Product’s current NAV per share deviates downward from its intended stable price of $1.00 by more than ¼ of 1 percent, $0.9975. The red line in the chart shows where a report would be required, compared with the historical NAV per share of the product.

Unsubsidized yields reflect what the yield would have been without the effect of reimbursements and waivers. The adviser and its affiliates have or may voluntarily waive a portion of their fees (including, but not limited to, distribution and service (12b-1) fees) and reimburse certain expenses. There is no guarantee that the portfolio will avoid a negative yield. Such undertaking may be amended or withdrawn at any time.

Fee Waiver and/or Expense Reimbursement: Pursuant to an agreement between Delaware Management Company (DMC), a series of Macquarie Investment Management Business Trust, the Portfolio’s investment manager and Delaware Ivy Variable Insurance Portfolios (the Trust), DMC has voluntarily agreed to waive and/or reimburse sufficient expenses of Delaware Ivy VIP Government Money Market to the extent necessary to maintain a yield of not less than zero. There is no guarantee that Delaware Ivy VIP Government Money Market will maintain such a yield. DMC may amend or terminate this voluntary waiver and/or reimbursement at any time without prior notice to shareholders.

The Product’s investment manager, Delaware Management Company (Manager), has agreed to voluntarily waive and/or reimburse fees to the extent necessary to assist the Product in attempting to maintain a yield of at least 0.00%. Such yield waivers and reimbursements are voluntary and could change or be terminated at any time at the discretion of the Manager. There is no guarantee that the Product will maintain a positive yield.

Pricing: All prices and year-to-date returns are based on closing quotes unless noted, as supplied to the NASDAQ by 6:00 p.m. Eastern time. YTD Prices can be updated 3 to 4 hours after the Daily Pricing information which can result in mismatching data.

Style Analysis: The Morningstar Style Box reveals a fund's investment style. For equity funds the vertical axis shows the market capitalization of the stocks owned and the horizontal axis shows investment style (value, blend, or growth). For fixed-income funds, the vertical axis shows the credit quality of the bonds owned and the horizontal axis shows interest rate sensitivity as measured by a bond's effective duration. Morningstar seeks credit rating information from fund companies on a periodic basis (e.g., quarterly). In compiling credit rating information, Morningstar instructs fund companies to only use ratings that have been assigned by the following Nationally Recognized Statistical Rating Organizations (NRSROs): Moody's, Standard & Poor's, Fitch, and Egan-Jones. If two NRSROs have rated a security, fund companies are to report the lowest rating; if three or more NRSROs have rated the same security differently, fund companies are to report the rating that is in the middle. For example, if NRSRO X rates a security AA-, NRSRO Y rates the same security an A and NRSRO Z rates it a BBB+, the fund company should use the credit rating of 'A' in its reporting to Morningstar. PLEASE NOTE: Morningstar, Inc. is not itself an NRSRO nor does it issue a credit rating on the fund. An NRSRO rating on a fixed-income security can change from time-to-time. For credit quality, Morningstar combines the credit rating information provided by the fund companies with an average default rate calculation to come up with a weighted-average credit quality. The weighted-average credit quality is currently a letter that roughly corresponds to the scale used by a leading NRSRO. Bond funds are assigned a style box placement of "low", "medium", or "high" based on their average credit quality. Funds with a low credit quality are those whose weighted-average credit quality is determined to be less than "BBB-"; medium are those less than "AA-", but greater or equal to "BBB-"; and high are those with a weighted-average credit quality of "AA-" or higher. When classifying a bond portfolio, Morningstar first maps the NRSRO credit ratings of the underlying holdings to their respective default rates (as determined by Morningstar's analysis of actual historical default rates). Morningstar then averages these default rates to determine the average default rate for the entire bond fund. Finally, Morningstar maps this average default rate to its corresponding credit rating along a convex curve. For interest-rate sensitivity, Morningstar obtains from fund companies the average effective duration. Generally, Morningstar classifies a fixed-income fund's interest-rate sensitivity based on the effective duration of the Morningstar Core Bond Index (MCBI), which is currently three years. The classification of Limited will be assigned to those funds whose average effective duration is between 25% to 75% of MCBI's average effective duration; funds whose average effective duration is between 75% to 125% of the MCBI will be classified as Moderate; and those that are at 125% or greater of the average effective duration of the MCBI will be classified as Extensive. For municipal bond funds, Morningstar also obtains from fund companies the average effective duration. In these cases static breakpoints are utilized. These breakpoints are as follows: (i) Limited: 4.5 years or less; (ii) Moderate: more than 4.5 years but less than 7 years; and (iii) Extensive: more than 7 years. In addition, for non-US taxable and non-US domiciled fixed income funds static duration breakpoints are used: (i) Limited: less than or equal to 3.5 years; (ii) Moderate: greater than 3.5 and less than equal to 6 years; (iii) Extensive: greater than 6 years.

7-Day Annualized Yield: represents past performance and future yields will vary. Principal is not guaranteed. The annualized 7-day yield is calculated based on the income generated by an investment in the product over a seven-day period and is expressed as an annual percentage rate. The yield quotation more closely reflects the current earnings of the product than the total return quotation.

Unsubsidized yields reflect what the yield would have been without the effect of reimbursements and waivers. The adviser and its affiliates have or may voluntarily waive a portion of their fees (including, but not limited to, distribution and service (12b-1) fees) and reimburse certain expenses. There is no guarantee that the product will avoid a negative yield. Such undertaking may be amended or withdrawn at any time.

The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance, and does not include the effects of sales charges. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

© 2021 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Information is subject to change and is not intended to represent any past or future investment recommendations.