0001193125-20-206295.txt : 20200731 0001193125-20-206295.hdr.sgml : 20200731 20200731151459 ACCESSION NUMBER: 0001193125-20-206295 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20200731 DATE AS OF CHANGE: 20200731 EFFECTIVENESS DATE: 20200731 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: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-11466 FILM NUMBER: 201065686 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 S000006228 Ivy VIP Mid Cap Growth C000017162 Class II C000190647 Class I 0000810016 S000006233 Ivy VIP Small Cap Growth C000017167 Class II C000203521 Class I 0000810016 S000006234 Ivy VIP Small Cap Core C000017168 Class II 497 1 d75778d497.htm IVY VIP PROSPECTUS SUPPLEMENT Ivy VIP Prospectus Supplement

Ivy Variable Insurance Portfolios

Supplement dated July 31, 2020 to the

Ivy Variable Insurance Portfolios Prospectus

dated April 30, 2020

Effective immediately, the following replaces the second and third sentences of the first paragraph of the “Principal Investment Strategies” section for Ivy VIP Mid Cap Growth:

Under normal circumstances, the Portfolio invests at least 80% of its net assets in the securities of mid-capitalization companies, which, for purposes of this Portfolio, typically are companies with market capitalizations similar to those of issuers included in the Russell Midcap Growth Index over the last 13 months at the time of acquisition. As of June 30, 2020 (the quarter-end closest to the index’s rebalance), this range of market capitalizations was between approximately $556.77 million and $47.97 billion.

Effective immediately, the following replaces the third and fourth sentences of the first paragraph of the “Principal Investment Strategies” section for Ivy VIP Small Cap Core:

For purposes of this Portfolio, small-capitalization companies typically are companies with market capitalizations similar to those of issuers included in the Russell 2000 Index over the last 13 months at the time of acquisition. As of June 30, 2020 (the quarter-end closest to the index’s rebalance), this range of market capitalizations was between approximately $47.94 million and $5.94 billion.

Effective immediately, the following replaces the second and third sentences of the first paragraph of the “Principal Investment Strategies” section for Ivy VIP Small Cap Growth:

For purposes of this Portfolio, small-capitalization companies typically are companies with market capitalizations similar to those of issuers included in the Russell 2000 Growth Index over the last 13 months at the time of acquisition. As of June 30, 2020 (the quarter-end closest to the index’s rebalance), this range of market capitalizations was between approximately $65.55 million and $5.94 billion.

Effective immediately, the following replaces the second and third sentences of the second paragraph of the “More about the Portfolios — Additional Information about Principal Investment Strategies, Other Investments and Risks — Ivy VIP Mid Cap Growth” section:

For purposes of this Portfolio, mid-capitalization companies typically are companies with market capitalizations similar to those of issuers included in the Russell Midcap Growth Index over the last 13 months at the time of acquisition. As of June 30, 2020 (the quarter-end closest to the index’s rebalance), this range of market capitalizations was between approximately $556.77 million and $47.97 billion.

Effective immediately, the following replaces the first and second sentences of the second paragraph of the “More about the Portfolios — Additional Information about Principal Investment Strategies, Other Investments and Risks — Ivy VIP Small Cap Core” section:

For purposes of this Portfolio, small-capitalization companies typically are companies with market capitalizations similar to those of issuers included in the Russell 2000 Index over the last 13 months at the time of acquisition. As of June 30, 2020 (the quarter-end closest to the index’s rebalance), this range of market capitalizations was between approximately $47.94 million and $5.94 billion.

Effective immediately, the following replaces the third and fourth sentences of the first paragraph of the “More about the Portfolios — Additional Information about Principal Investment Strategies, Other Investments and Risks — Ivy VIP Small Cap Growth” section:

For purposes of this Portfolio, small-capitalization companies typically are companies with market capitalizations similar to those of issuers included in the Russell 2000 Growth Index over the last 13 months at the time of acquisition. As of June 30, 2020 (the quarter-end closest to the index’s rebalance), this range of market capitalizations was between approximately $65.55 million and $5.94 billion.

 

Supplement   Prospectus   1