Ivy Funds Variable Insurance Portfolios
Supplement dated July 1, 2015 to the
Ivy Funds Variable Insurance Portfolios Statement of Additional Information
dated April 30, 2015
Effective July 1, 2015, WRIMCO, the Portfolios investment adviser, assumed direct investment management responsibilities of Ivy Funds VIP Micro Cap Growth from Wall Street Associates, LLC (Wall Street), the Portfolios former investment subadviser. In addition, effective July 1, 2015, John Bichelmeyer assumed investment management responsibilities for Ivy Funds VIP Micro Cap Growth.
Therefore, as of July 1, 2015, all references to Wall Street, Paul J. Ariano, Paul K. LeCoq, Luke A. Jacobson and Alexis C. Waadt where they appear in the SAI are deleted. The following changes to the SAI also take effect as of July 1, 2015:
The following is added to the end of the first table in the Portfolio Managers Portfolio Managers employed by WRIMCO Ownership of Securities section:
As of June 30, 2015, the dollar range of shares beneficially owned by the portfolio manager was:
Manager | Portfolio Managed in Ivy Funds Variable Insurance Portfolios |
Dollar Range of Shares Owned* in Portfolio Managed |
Dollar Range of Shares Owned in Similarly Managed Funds within the Fund Complex |
Dollar Range of Shares Owned in the Fund Complex |
||||||||||
John Bichelmeyer |
Ivy Funds VIP Micro Cap Growth1 | $ | 0 | $ | 0 | $ | 0 |
* | The Portfolios shares are available for purchase only by Participating Insurance Companies and are indirectly owned by investors in the Policies for which the Portfolios serve as underlying investment vehicles. |
1 | Mr. Bichelmeyer assumed investment management responsibilities for Ivy Funds VIP Micro Cap Growth effective July 1, 2015. |
Supplement | Statement of Additional Information | 1 |