Macquarie VIP Value Series

Macquarie VIP Value Series(formerly, Delaware Ivy VIP Value)

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 11/22/2024

NAV
$5.02
NAV 1-day net change
0.04
Max offer price
$5.02

Total net assets as of 10/31/2024

All share classes
$244.9 million

Overview

Series information
Inception date 05/01/2001
Dividends paid (if any) Annual
Series identifiers
CUSIP 46600H760

Benchmark

Russell 1000® Value 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
1.02%
Net
1.00%

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
8.27%
2022
-4.90%
2021
31.18%
2020
1.98%
2019
26.33%
2018
-7.24%
2017
12.49%
2016
11.14%
2015
-3.92%
2014
10.95%

Portfolio

Portfolio characteristics as of 10/31/2024

Number of holdings
33
Market cap (median) Source: FactSet
$70.9 billion
Market cap (weighted average) Source: FactSet
$117.1 billion
Portfolio turnover (last fiscal year)
110%
Beta (relative to Russell 1000 Value Index) (view definition)
0.94
Annualized standard deviation, 3 years (view definition)
16.01

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

Domestic equities
91.6%
International equities & depositary receipts
6.9%
Cash, cash equivalents and other assets
1.4%

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
FIDELITY NATIONAL INFORMATION SERVICES I
3.53
TELEDYNE TECHNOLOGIES INCORPORATED
3.40
CISCO SYSTEMS INC
3.36
US BANCORP
3.29
DOVER CORP
3.28
TWDC ENTERPRISES 18 CORP
3.27
DUKE ENERGY CORP
3.24
ELECTRONIC ARTS INC
3.23
ORACLE CORPORATION
3.15
HOLOGIC INC
3.15

Total % Portfolio in Top 10 holdings - 32.90%

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
Healthcare
17.3%
Financials
17.0%
Information technology
16.1%
Industrials
12.5%
Consumer discretionary
8.4%
Communication services
6.5%
Energy
6.0%
Consumer staples
5.6%
Utilities
3.2%
Real estate
3.0%
Materials
2.9%

Management

Nikhil Lalvani

Nikhil Lalvani, CFA

  • Managing Director, Head of US Large Cap Value Equity
  • Start date on the Fund: December 2022
  • Years of industry experience: 27
  • Read bio
Kristen Bartholdson

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
Erin Ksenak

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

Fees

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

Invests primarily in a diversified portfolio of large cap companies that have the potential for long term capital appreciation

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.

Risk is increased in a concentrated portfolio since it holds a limited number of securities with each investment having a greater effect on the overall performance.

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.

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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