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Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName Ivy Funds Variable Insurance Portfolios
Prospectus Date rr_ProspectusDate Apr. 30, 2013
Supplement [Text Block] ifvip_SupplementTextBlock Ivy Funds Variable Insurance Portfolios

Supplement dated July 2, 2013 to the
Ivy Funds Variable Insurance Portfolios Prospectus
dated April 30, 2013
and as supplemented May 2, 2013

Effective July 2, 2013, WRIMCO, the Portfolio's investment adviser, assumed direct investment management responsibilities of Ivy Funds VIP Global Natural Resources. All references to Mackenzie Financial Corporation (Mackenzie) where it appears in the Prospectus with respect to Ivy Funds VIP Global Natural Resources are deleted.

The following replaces the "Principal Investment Strategies" section of Ivy Funds VIP Global Natural Resources on pages 72-73:


Ivy Funds VIP Global Natural Resources seeks to achieve its objective by investing, under normal circumstances, at least 80% of its net assets in equity securities of companies throughout the world that own, explore or develop natural resources and other basic commodities or supply goods and services to such companies.

For these purposes, "natural resources" generally includes, but is not limited to: energy (such as utilities, producers/developers, refiners, service/drilling), alternative energy (such as uranium, coal, hydrogen, wind, solar, fuel cells), industrial products (such as building materials, cement, packaging, chemicals, supporting transport and machinery), forest products (such as lumber, plywood, pulp, paper, newsprint, tissue), base metals (such as aluminum, copper, nickel, zinc, iron ore and steel), precious metals and minerals (such as gold, silver, platinum, diamonds), and agricultural products (grains and other foods, seeds, fertilizers, water).

WRIMCO uses an equity style that focuses on both growth and value, as well as utilizing both a top-down (the creation of macro-economic models to prepare an outlook for economic and market conditions) and a bottom-up (fundamental, company by company) approach. WRIMCO targets companies for investment that, in its opinion, have strong management and financial positions, adding balance with established low-cost, low-debt producers or positions that are based on anticipated commodity price trends. The Portfolio seeks to be diversified internationally, and therefore, WRIMCO invests in foreign companies and U.S. companies that have principal operations in foreign jurisdictions. While WRIMCO seeks to anchor the Portfolio's assets in the United States, the Portfolio may invest up to 100% of its total assets in foreign securities. Exposure to companies in any one particular foreign country is typically less than 20% of the Portfolio's total assets. The Portfolio also may have exposure to companies located in, and/or doing business in, emerging markets.

Under normal circumstances, the Portfolio invests at least 65% of its total assets in issuers of at least three countries, which may include the U.S. An investment in foreign securities presents additional risks such as currency fluctuations and political or economic conditions affecting the foreign country. Many companies have diverse operations, with products or services in foreign markets. Therefore, the Portfolio will have an indirect exposure to foreign markets through investments in these companies.

Generally, in determining to sell a security, WRIMCO considers various factors, including whether the holding has sufficiently exceeded its target price, whether a growth-oriented company has failed to deliver growth, and the effect of commodity price trends on certain holdings. WRIMCO may also sell a security to take advantage of what it believes to be more attractive investment opportunities, to reduce the Fund's holding in that security, or to raise cash.

The Portfolio may use a range of derivative instruments in seeking to hedge market risk on equity securities, increase exposure to specific sectors or companies, and manage exposure to various foreign currencies and precious metals. In an effort to hedge market risk and increase exposure to equity markets, the Portfolio may utilize futures on equity indices and/or purchase option contracts on individual equity securities and exchange-traded funds (ETFs). In seeking to manage foreign currency exposure, the Portfolio may utilize forward contracts to either increase or decrease exposure to a given currency. In seeking to manage the Portfolio's exposure to precious metals, the Portfolio may utilize futures contracts, both long and short positions, as well as options contracts, both written and purchased, on precious metals.

The following replaces the "Derivatives Risk" bullet point of the "Principal Investment Risks" section of Ivy Funds VIP Global Natural Resources on page 73:
  • Derivatives Risk. The use of derivatives presents several risks, including the risk that these instruments may change in value in a manner that adversely affects the Portfolio's NAV and the risk that fluctuations in the value of the derivatives may not correlate with securities markets or the underlying asset upon which the derivative's value is based. Moreover, some derivatives are more sensitive to interest rate changes and market price fluctuations than others. To the extent the judgment of WRIMCO as to certain anticipated price movements is incorrect, the risk of loss may be greater than if the derivative technique(s) had not been used. Derivatives also may be subject to counterparty risk, which includes the risk that a loss may be sustained by the Portfolio as a result of the insolvency or bankruptcy of, or other non-compliance by, another party to the transaction.
The following replaces the "Management Risk" bullet point of the "Principal Investment Risks" section of Ivy Funds VIP Global Natural Resources on page 74:
  • Management Risk. Portfolio performance is primarily dependent on WRIMCO's skill in evaluating and managing the Portfolio's portfolio, and the Portfolio may not perform as well as other similar mutual funds.
For Ivy Funds VIP Pathfinder Moderately Conservative, the target allocation of investment among the Ivy Funds VIP Limited-Term Bond is changed to 0-20% on pages 104 and 134.

For Ivy Funds VIP Pathfinder Conservative, the target allocation of investment among the Ivy Funds VIP Limited-Term Bond is changed to 0-20% on pages 109 and 134.
Ivy Funds VIP Global Natural Resources
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ifvip_SupplementTextBlock Ivy Funds Variable Insurance Portfolios

Supplement dated July 2, 2013 to the
Ivy Funds Variable Insurance Portfolios Prospectus
dated April 30, 2013
and as supplemented May 2, 2013

Effective July 2, 2013, WRIMCO, the Portfolio's investment adviser, assumed direct investment management responsibilities of Ivy Funds VIP Global Natural Resources. All references to Mackenzie Financial Corporation (Mackenzie) where it appears in the Prospectus with respect to Ivy Funds VIP Global Natural Resources are deleted.

The following replaces the "Principal Investment Strategies" section of Ivy Funds VIP Global Natural Resources on pages 72-73:


Ivy Funds VIP Global Natural Resources seeks to achieve its objective by investing, under normal circumstances, at least 80% of its net assets in equity securities of companies throughout the world that own, explore or develop natural resources and other basic commodities or supply goods and services to such companies.

For these purposes, "natural resources" generally includes, but is not limited to: energy (such as utilities, producers/developers, refiners, service/drilling), alternative energy (such as uranium, coal, hydrogen, wind, solar, fuel cells), industrial products (such as building materials, cement, packaging, chemicals, supporting transport and machinery), forest products (such as lumber, plywood, pulp, paper, newsprint, tissue), base metals (such as aluminum, copper, nickel, zinc, iron ore and steel), precious metals and minerals (such as gold, silver, platinum, diamonds), and agricultural products (grains and other foods, seeds, fertilizers, water).

WRIMCO uses an equity style that focuses on both growth and value, as well as utilizing both a top-down (the creation of macro-economic models to prepare an outlook for economic and market conditions) and a bottom-up (fundamental, company by company) approach. WRIMCO targets companies for investment that, in its opinion, have strong management and financial positions, adding balance with established low-cost, low-debt producers or positions that are based on anticipated commodity price trends. The Portfolio seeks to be diversified internationally, and therefore, WRIMCO invests in foreign companies and U.S. companies that have principal operations in foreign jurisdictions. While WRIMCO seeks to anchor the Portfolio's assets in the United States, the Portfolio may invest up to 100% of its total assets in foreign securities. Exposure to companies in any one particular foreign country is typically less than 20% of the Portfolio's total assets. The Portfolio also may have exposure to companies located in, and/or doing business in, emerging markets.

Under normal circumstances, the Portfolio invests at least 65% of its total assets in issuers of at least three countries, which may include the U.S. An investment in foreign securities presents additional risks such as currency fluctuations and political or economic conditions affecting the foreign country. Many companies have diverse operations, with products or services in foreign markets. Therefore, the Portfolio will have an indirect exposure to foreign markets through investments in these companies.

Generally, in determining to sell a security, WRIMCO considers various factors, including whether the holding has sufficiently exceeded its target price, whether a growth-oriented company has failed to deliver growth, and the effect of commodity price trends on certain holdings. WRIMCO may also sell a security to take advantage of what it believes to be more attractive investment opportunities, to reduce the Fund's holding in that security, or to raise cash.

The Portfolio may use a range of derivative instruments in seeking to hedge market risk on equity securities, increase exposure to specific sectors or companies, and manage exposure to various foreign currencies and precious metals. In an effort to hedge market risk and increase exposure to equity markets, the Portfolio may utilize futures on equity indices and/or purchase option contracts on individual equity securities and exchange-traded funds (ETFs). In seeking to manage foreign currency exposure, the Portfolio may utilize forward contracts to either increase or decrease exposure to a given currency. In seeking to manage the Portfolio's exposure to precious metals, the Portfolio may utilize futures contracts, both long and short positions, as well as options contracts, both written and purchased, on precious metals.

The following replaces the "Derivatives Risk" bullet point of the "Principal Investment Risks" section of Ivy Funds VIP Global Natural Resources on page 73:
  • Derivatives Risk. The use of derivatives presents several risks, including the risk that these instruments may change in value in a manner that adversely affects the Portfolio's NAV and the risk that fluctuations in the value of the derivatives may not correlate with securities markets or the underlying asset upon which the derivative's value is based. Moreover, some derivatives are more sensitive to interest rate changes and market price fluctuations than others. To the extent the judgment of WRIMCO as to certain anticipated price movements is incorrect, the risk of loss may be greater than if the derivative technique(s) had not been used. Derivatives also may be subject to counterparty risk, which includes the risk that a loss may be sustained by the Portfolio as a result of the insolvency or bankruptcy of, or other non-compliance by, another party to the transaction.
The following replaces the "Management Risk" bullet point of the "Principal Investment Risks" section of Ivy Funds VIP Global Natural Resources on page 74:
  • Management Risk. Portfolio performance is primarily dependent on WRIMCO's skill in evaluating and managing the Portfolio's portfolio, and the Portfolio may not perform as well as other similar mutual funds.
Ivy Funds VIP Pathfinder Moderately Conservative
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ifvip_SupplementTextBlock Ivy Funds Variable Insurance Portfolios

Supplement dated July 2, 2013 to the
Ivy Funds Variable Insurance Portfolios Prospectus
dated April 30, 2013
and as supplemented May 2, 2013


For Ivy Funds VIP Pathfinder Moderately Conservative, the target allocation of investment among the Ivy Funds VIP Limited-Term Bond is changed to 0-20% on pages 104 and 134.
Ivy Funds VIP Pathfinder Conservative
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ifvip_SupplementTextBlock Ivy Funds Variable Insurance Portfolios

Supplement dated July 2, 2013 to the
Ivy Funds Variable Insurance Portfolios Prospectus
dated April 30, 2013
and as supplemented May 2, 2013


For Ivy Funds VIP Pathfinder Conservative, the target allocation of investment among the Ivy Funds VIP Limited-Term Bond is changed to 0-20% on pages 109 and 134.