Macquarie VIP Smid Cap Core Series

Macquarie VIP Smid Cap Core Series(formerly, Delaware Ivy VIP Smid Cap Core)

Key features

Stocks are selected by an experienced investment team with long tenure

Focused on uncovering the best opportunities across the traditionally under-followed small- and mid-cap market

A daily review of the portfolio's risk exposures ensures alpha is driven by stock selection

Daily pricing as of 11/22/2024

NAV
$14.01
NAV 1-day net change
0.21
Max offer price
$14.01

Total net assets as of 10/31/2024

All share classes
$212.2 million

Overview

Series information
Inception date 10/01/1997
Dividends paid (if any) Annual
Series identifiers
CUSIP 46600H778

Benchmark

Russell 2500™ 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 (10/31/2024)

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 (09/30/2024)

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
1.17%
Net
1.17%

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
15.71%
2022
-14.84%
2021
20.78%
2020
7.03%
2019
24.33%
2018
-10.49%
2017
13.73%
2016
28.88%
2015
-5.58%
2014
7.05%

Portfolio

Portfolio characteristics as of 10/31/2024

Number of holdings
128
Market cap (median) Source: FactSet
$6.4 billion
Market cap (weighted average) Source: FactSet
$8.6 billion
Portfolio turnover (last fiscal year)
26%
Beta (relative to Russell 2500 Index) (view definition)
0.93
Annualized standard deviation, 3 years (view definition)
19.76

Portfolio composition as of 10/31/2024
Total may not equal 100% due to rounding.

Domestic equities
98.0%
International equities & depositary receipts
1.4%
Cash, cash equivalents and other assets
0.6%

Top 10 holdings as of 10/31/2024

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.

Holding
% of portfolio
Holding
% of portfolio
EXPAND ENERGY CORP
2.01
EAST WEST BANCORP INC.
1.91
WEBSTER FINANCIAL CORPORATION
1.49
CASEYS GENERAL STORES INC
1.41
STIFEL FINANCIAL CORP
1.39
BOISE CASCADE CO
1.35
GUIDEWIRE SOFTWARE INC
1.34
COLUMBIA BANKING SYSTEM INC.
1.31
BRINKER INTERNATIONAL INC
1.31
TEXAS ROADHOUSE INC
1.30

Total % Portfolio in Top 10 holdings - 14.82%

List of monthly holdingsList of quarterly holdings

Sector allocation as of 10/31/2024

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.

Sector
% of portfolio
Sector
% of portfolio
Finance
15.2%
Technology
14.0%
Healthcare
13.1%
Capital goods
12.0%
Basic materials
7.3%
REIT
6.9%
Business services
5.5%
Energy
4.4%
Consumer discretionary
4.3%
Transportation
3.6%
Credit cyclicals
3.5%
Consumer services
3.3%
Consumer staples
2.9%
Media
1.8%
Utilities
1.6%

Management

Francis X Morris

Francis Morris 

  • Senior Managing Director, Head of US Core Equity
  • Start date on the Fund: November 2021
  • Years of industry experience: 41
  • Read bio
Christopher Adams

Christopher Adams, CFA

  • Managing Director, Senior Portfolio Manager – US Core Equity
  • Start date on the Fund: November 2021
  • Years of industry experience: 36
  • Read bio
Michael Morris

Michael Morris, CFA

  • Managing Director, Senior Portfolio Manager – US Core Equity
  • Start date on the Fund: November 2021
  • Years of industry experience: 31
  • Read bio
Donald Padilla

Donald Padilla, CFA

  • Managing Director, Senior Portfolio Manager – US Core Equity
  • Start date on the Fund: November 2021
  • Years of industry experience: 37
  • Read bio
David Reidinger

David Reidinger 

  • Managing Director, Senior Portfolio Manager – US Core Equity
  • Start date on the Fund: November 2021
  • Years of industry experience: 31
  • Read bio
Christina Van Het Hoen

Christina Van Het Hoen, CFA

  • Senior Vice President, Portfolio Manager – US Core Equity
  • Start date on the Fund: July 2024
  • Years of industry experience: 13
  • Read bio

Fees

Annual portfolio operating expenses
Management fees 0.85%
Distribution and service (12b-1) fees 0.25%
Other expenses 0.07%
Total annual series operating expenses 1.17%

Please see the prospectus and SAI for additional information.

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.

Investing involves risk, including the possible loss of principal.

Investments in small and/or medium-sized companies typically exhibit greater risk and higher volatility than larger, more established companies.

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.

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.

All third-party marks cited are the property of their respective owners.

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.

Not FDIC Insured • No Bank Guarantee • May Lose Value

Nothing presented should be construed as a recommendation to purchase or sell any security or follow any investment technique or strategy.

You can check the background of your investment professional on FINRA's BrokerCheck.