0001193125-11-237987.txt : 20110831 0001193125-11-237987.hdr.sgml : 20110831 20110831161934 ACCESSION NUMBER: 0001193125-11-237987 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20110831 DATE AS OF CHANGE: 20110831 EFFECTIVENESS DATE: 20110831 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Ivy Funds Variable Insurance Portfolios CENTRAL INDEX KEY: 0000810016 IRS NUMBER: 481146010 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-11466 FILM NUMBER: 111068746 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, Inc. DATE OF NAME CHANGE: 20080819 FORMER COMPANY: FORMER CONFORMED NAME: W&R TARGET FUNDS INC DATE OF NAME CHANGE: 20001026 FORMER COMPANY: FORMER CONFORMED NAME: TARGET UNITED FUNDS INC DATE OF NAME CHANGE: 19990506 0000810016 S000006234 Ivy Funds VIP Small Cap Value C000017168 SAME 0000810016 S000006236 Ivy Funds VIP Value C000017170 SAME 497 1 d497.htm IVY FUNDS VIP PROSPECTUS SUPPLEMENT DATED AUGUST 31, 2011 Ivy Funds VIP Prospectus Supplement Dated August 31, 2011

Ivy Funds Variable Insurance Portfolios

Supplement dated August 31, 2011 to the

Ivy Funds Variable Insurance Portfolios Prospectus

dated April 29, 2011

and as supplemented June 8, 2011, August 8, 2011 and August 18, 2011

The following replaces the sentence under the heading “Portfolio Manager” for Ivy Funds VIP Small Cap Value:

Christopher J. Parker, Vice President of WRIMCO, became portfolio manager of the Portfolio on September 1, 2011.

The following replaces the paragraph of the “The Management of the Portfolios – Portfolio Management” section for Ivy Funds VIP Small Cap Value and Ivy Funds VIP Value:

Ivy Funds VIP Small Cap Value: Christopher J. Parker is primarily responsible for the day-to-day management of Ivy Funds VIP Small Cap Value. He has held his responsibilities for Ivy Funds VIP Small Cap Value since September 1, 2011. He is Vice President of WRIMCO and IICO, Vice President of the Trust and Vice President of another investment company for which IICO serves as investment manager. Mr. Parker joined WRIMCO in January 2008 as an investment analyst. He served as Assistant Vice President and assistant portfolio manager for investment companies managed by WRIMCO and IICO from July 2010 until August 2011. He earned a BS degree in finance from Boston College and an MBA with concentrations in finance and management/strategy from Northwestern University, Kellogg Graduate School of Management. Mr. Parker is a Chartered Financial Analyst.

Ivy Funds VIP Value: Matthew T. Norris is primarily responsible for the day-to-day management of Ivy Funds VIP Value. He has held his responsibilities for Ivy Funds VIP Value since July 2003. Mr. Norris is Senior Vice President of WRIMCO and IICO, Vice President of the Trust, and Vice President of other investment companies for which WRIMCO or IICO serves as investment manager. From June 2005 until April 2010, he served as Director of Equity Research for WRIMCO and IICO. From January 2000 until June 2003, Mr. Norris was a Portfolio Manager for Advantus Capital Management, Inc. He joined Advantus Capital in December 1997, first serving as an Analyst and later as a Senior Analyst. He earned a BS degree from the University of Kansas, and an MBA from the University of Nebraska-Omaha. Mr. Norris is a Chartered Financial Analyst.

 

Supplement   Prospectus   1