0001137439-21-001050.txt : 20211019 0001137439-21-001050.hdr.sgml : 20211019 20211019163835 ACCESSION NUMBER: 0001137439-21-001050 CONFORMED SUBMISSION TYPE: 497K PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20211019 DATE AS OF CHANGE: 20211019 EFFECTIVENESS DATE: 20211019 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Ivy Variable Insurance Portfolios CENTRAL INDEX KEY: 0000810016 IRS NUMBER: 481146010 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497K SEC ACT: 1933 Act SEC FILE NUMBER: 033-11466 FILM NUMBER: 211331549 BUSINESS ADDRESS: STREET 1: 6300 LAMAR AVENUE CITY: OVERLAND PARK STATE: KS ZIP: 66202 BUSINESS PHONE: 9132362000 MAIL ADDRESS: STREET 1: P O BOX 29217 CITY: SHAWNEE MISSION STATE: KS ZIP: 66201-9217 FORMER COMPANY: FORMER CONFORMED NAME: Ivy Funds Variable Insurance Portfolios DATE OF NAME CHANGE: 20100301 FORMER COMPANY: FORMER CONFORMED NAME: Ivy Funds Variable Insurance Portfolios, Inc. DATE OF NAME CHANGE: 20080819 FORMER COMPANY: FORMER CONFORMED NAME: W&R TARGET FUNDS INC DATE OF NAME CHANGE: 20001026 0000810016 S000029765 Delaware Ivy VIP Global Bond C000091475 Class II 497K 1 202110delivyvip497k.htm

IVY VARIABLE INSURANCE PORTFOLIOS
Delaware Ivy VIP Global Bond
(formerly, Ivy VIP Global Bond)
(the “Portfolio”)

Supplement to the Portfolio’s Summary Prospectus

The liquidation of the Portfolio noted in supplements dated September 2021 and October 2021 has been temporarily suspended until a date to be announced in a future supplement.  Shareholders will receive at least 60 days’ notice of the new liquidation date. The dates that the Portfolio will be closed to new and existing shareholders remain the same as what was noted in the supplement dated October 1, 2021.

Effective on or about November 15, 2021 (“Portfolio Manager Effective Date”), the portfolio manager team of the Portfolio will change to a new portfolio manager team of the Portfolio’s investment manager, Delaware Management Company.  On the Portfolio Manager Effective Date, Andrew Vonthethoff will serve as portfolio manager of the Portfolio.
Upon the Portfolio Manager Effective Date, the following replaces the information in the sections entitled “Investment Adviser” and “Portfolio Manager”:
Investment manager
Delaware Management Company, a series of Macquarie Investment Management Business Trust (a Delaware statutory trust)
Portfolio manager
Title with Delaware Management Company
Start date on
the Portfolio
Andrew Vonthethoff, CFA
Senior Vice President, Senior Portfolio Manager
November 2021

Because everyone’s tax situation is unique, you should consult your tax professional about federal, state, local, or foreign tax consequences before making an investment in the Portfolio.

Delaware Management Company (Manager) is an indirect wholly owned subsidiary of Macquarie Group Limited (MGL). Other than Macquarie Bank Limited (MBL), a subsidiary of MGL and an affiliate of the Manager, none of the entities noted are authorized deposit-taking institutions for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these entities do not represent deposits or other liabilities of MBL. MBL does not guarantee or otherwise provide assurance in respect of the obligations of these entities, unless noted otherwise. The Portfolio is governed by US laws and regulations.

Please keep this Supplement for future reference.

This Supplement is dated October 19, 2021.