Fund Detail

Delaware Ivy VIP Science and Technology

(Formerly, Ivy VIP Science and Technology)
Track Fund
$40.91 NAV as of 12/7/2021
$1.36 / 3.44% Daily NAV Change
14.80% YTD (NAV) as of 12/7/2021 i

Fund Summary

Focused on growth. Rooted in innovation
Excellent track record
Strong historical results, managed by an investment team with more than 45 years of experience.
Multiple, non-correlated sources of growth
Seeks opportunities within technology, health care, and applied science and technology.
Proven investment process
Built on a six-decade firm legacy of technology investing expertise.
Morningstar Style Box
Value Blend Growth
Large
Medium
Small
Portfolio Management
  • Zachary H. Shafran

    • — Delaware Management Company
    • — 20 Years with Fund
    • — 33 Years in Industry
  • Brad Warden

    • — Delaware Management Company
    • — 5 Years with Fund
    • — 24 Years in Industry
  • Gus C. Zinn, CFA

    • — Delaware Management Company
    • — <1 Years with Fund
    • — 23 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
Daily Prices as of 12/7/2021
Net Asset Value (NAV) $40.91  
Daily NAV Change $1.36 3.44%
Weekly NAV Change $0.90 2.24%
Public Offering Price (POP) $40.91
Fund Facts
Ticker Symbol -
CUSIP 46600H588
Fund Code 921
Fund Type Specialty Funds
Fund Inception 4/4/1997
Class Inception 4/28/2017
Fiscal Year End December
Dividends Paid May
Fund Assets
(as of 11/30/2021)
$696.4 mil
Total Equity Holdings
(as of 11/30/2021)
44
Total Holdings
(as of 11/30/2021)
47
Portfolio Turnover Rate
(as of 12/31/2020)
8%
Morningstar Category Technology
BenchmarkS&P North American Technology TR

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 11/30/2021

(Returns for periods of less than 1-yr are not annualized)
YTD 1YR 3YR 5YR 10YR LIFE
Fund at NAV 12.29% 17.03% 27.37% N/A N/A 22.54%
S&P North American Technology TR 24.83% 30.21% 33.42% 29.92% 23.16% -
Morningstar Technology 15.55% 23.85% 31.47% 26.69% 20.60% -

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 8.68% 28.20% 21.99% N/A N/A 22.58%
S&P North American Technology TR 15.91% 31.57% 25.42% 27.85% 23.38% -
Morningstar Technology 9.33% 33.74% 24.25% 24.82% 20.90% -

Calendar Year Return

201620172018201920202011201220132014201520062007200820092010200320042005
Class I- - -5.00 49.86 35.70 - - - - - - - - - - - - -
S&P North American Technology TR13.56 37.78 2.88 42.68 45.15 -0.88 15.23 34.57 15.28 9.91 8.98 16.94 -43.33 63.19 12.65 54.18 2.92 2.02

Morningstar Ratings as of 11/30/2021

Category: Technology

Overall out of 215 ★★★
3 Year out of 215 ★★★
5 Year out of 184 ★★★
10 Year out of 155 ★★★

Ratings are based on risk-adjusted returns.

Morningstar Ranking through 11/30/2021

Category: Technology

  Rank Percentile
1 Year 24 /27 73
3 Year 24 /27 69

Morningstar Ranking / # of Funds in Category displays the fund's actual rank within its Morningstar Category based on average annual total return and number of Funds in that Category. The Morningstar Percentile Ranking compares a Fund's Morningstar risk and return scores with all the Funds in the same Category, where 1% = Best and 100% = Worst.

Expense Ratios as of 4/30/2021

Net 0.91%
Gross 0.91%

Fund Distributions

Historical Prices Inception 4/28/2017

Date Price Dividend Reinvest Date Capital Gain Reinvest Date

Historical Distributions Inception 4/28/2017

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 Equity Holdings as a % of net assets as of 11/30/2021

Microsoft Corp. Microsoft Corporation is a multinational computer technology corporation that develops, manufactures, licenses and supports a wide range of software products for computing devices. 12.32%
Amazon.com, Inc. Amazon.com, Inc. operates as an online retailer in North America and internationally. 6.20%
Apple, Inc. Apple Inc., together with subsidiaries, designs, manufactures, and markets personal computers, mobile communication devices, and portable digital music and video players, as well as sells various related software, services, peripherals, and networking solutions worldwide. 5.71%
Alphabet, Inc., Class A Alphabet Inc through its subsidiary Google Inc is engaged in improving the ways people connect with information & products including Search, Android, YouTube, Apps, Maps & Ads. It also produces internet-connected home devices & provides internet services. 4.62%
ASML Holding N.V., NY Registry Shares 3.86%
Alphabet, Inc., Class C Alphabet Inc. operates as a holding company that, through its subsidiaries, provides web-based search, advertisements, maps, software applications, mobile operating systems, consumer content, enterprise solutions, commerce and hardware products. 3.82%
MasterCard, Inc., Class A MasterCard Incorporated (MasterCard) is a global payments company that provides a economic link among financial institutions, businesses, merchants, cardholders and governments worldwide, enabling them to use electronic forms of payment instead of cash and checks. 3.64%
NVIDIA Corp. 3.30%
ON Semiconductor Corp. 3.25%
Intuit, Inc. Intuit Inc. provides business and financial management solutions for small and medium-sized businesses, consumers, accounting professionals, financial institutions. Its products and services simplify small business management and payroll processing, personal finance, tax preparation and filing. 2.72%
Total Portfolio Holdings DOWNLOAD (as of 9/30/2021)
updated quarterly, upon availability
Market Capitalization as a % of equity assets as of 11/30/2021
Large ( > $10 bil) 91.8%
Medium ($2 - $10 bil) 8.2%
Small ( < $2 bil) 0.0%
Median Market Cap (as of 11/30/2021) $57.5 bil
Top 10 Industry Allocation (as a % of Equity Holdings as of 11/30/2021)
Semiconductors 21.3%
Systems Software 15.1%
Interactive Media & Services 11.9%
Internet & Direct Marketing Retail 8.1%
Data Processing & Outsourced Services 7.7%
Application Software 7.6%
Technology Hardware, Storage & Peripherals 5.8%
Semiconductor Equipment 3.9%
Health Care Equipment 2.9%
Health Care Technology 2.4%
Sector Allocation as a % of equity assets as of 11/30/2021
Information Technology 65.84%
Communication Services 13.90%
Consumer Discretionary 8.95%
Health Care 8.57%
Industrials 1.98%
Financials 0.76%
Materials 0.00%
Portfolio Composition as a % of net assets as of 11/30/2021
Domestic Common Stock 86.04%
Foreign Common Stock 12.10%
Cash and Cash Equivalents 1.82%
Corporate Bonds 0.04%
Equity Country Allocation as a % of equity assets as of 11/30/2021
United States 89.5%
Netherlands 3.9%
Germany 2.1%
Taiwan 1.6%
India 1.1%
China 1.0%
Brazil 0.8%
Total Portfolio Holdings
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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Significant Event On November 15, 2021, Gustaf C. Zinn is added as an additional portfolio manager for the Portfolio.

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.

Risk factors: Investing involves risk, including the possible loss of principal.
The value of the Portfolio’s shares will change, and you could lose money on your investment. Because the Portfolio invests more than 25% of its total assets in the science and technology industry, the Portfolio’s performance may be more susceptible to a single economic, regulatory or technological occurrence than a portfolio that does not concentrate its investments in this industry. Securities of companies within specific industries or sectors of the economy may periodically perform differently than the overall market. In addition, the Portfolio’s performance may be more volatile than an investment in a portfolio of broad market securities and may underperform the market as a whole, due to the relatively limited number of issuers of science and technology related securities. Investment risks associated with investing in science and technology securities, in addition to other risks, include: operating in rapidly changing fields, abrupt or erratic market movements, limited product lines, markets or financial resources, management that is dependent on a limited number of people, short product cycles, aggressive pricing of products and services, new market entrants and obsolescence of existing technology. 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. These and other risks are more fully described in the Portfolio’s prospectus. 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.

The Morningstar Technology Category compares funds that buy high-tech businesses in the United States or outside of the US. Most concentrate on computer, semiconductor, software, networking, and Internet stocks. A few also buy medical-device and biotechnology stocks, and some concentrate on a single technology industry.

The S&P North American Technology Sector Index is an unmanaged index comprised of U.S. securities classified under the GICS® technology sector and internet retail sub-industry. It is not possible to invest directly in an index.”

Consider All Factors. The value of the Portfolio's shares will change, and you could lose money on your investment. An investment in the Portfolio is not insured or guaranteed by the FDIC or any other government agency. Investing in companies involved in one specified sector may be more risky and volatile than an investment with greater diversification. These and other risks are more fully described in the portfolios's prospectus.

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.

The Portfolio’s investment manager, Delaware Management Company (Manager), may permit its affiliates, Macquarie Investment Management Global Limited (MIMGL) and Macquarie Funds Management Hong Kong Limited, to execute Portfolio security trades on behalf of the Manager. The Manager may also seek quantitative support from MIMGL.

The Portfolio began offering Class I shares on April 28, 2017. Class I shares may be purchased only through fund of funds, advisory or trust accounts, wrap accounts or other asset allocation or fee-based investment arrangements

Fee Waiver and/or Expense Reimbursement: Through April 30, 2022, Delaware Management Company (DMC), a series of Macquarie Investment Management Business Trust, the Portfolio’s investment manager, Delaware Distributors, L.P. (Distributor), the Portfolio’s distributor, and/or Waddell & Reed Services Company, doing business as WI Services Company (WISC), the Portfolio’s transfer agent, have contractually agreed to reimburse sufficient fees to ensure that the total annual ordinary portfolio operating expenses (which would exclude interest, taxes, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, if any) of the Class I shares are at all times equal to the total annual ordinary portfolio operating expenses of the Class II shares less 0.25%, as calculated at the end of each month. Prior to that date, the expense limitation may not be terminated without the consent of the Board of Trustees (Board).

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