0001752724-22-273275.txt : 20221129 0001752724-22-273275.hdr.sgml : 20221129 20221129111044 ACCESSION NUMBER: 0001752724-22-273275 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220930 FILED AS OF DATE: 20221129 DATE AS OF CHANGE: 20221129 PERIOD START: 20221231 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: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-05017 FILM NUMBER: 221429578 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 S000006225 Delaware Ivy VIP International Core Equity C000017159 Class II NPORT-P 1 primary_doc.xml NPORT-P false 0000810016 XXXXXXXX S000006225 C000017159 Ivy Variable Insurance Portfolios 811-05017 0000810016 72XHPUAYSOH6ROSGJT53 100 Independence 610 Market Street Philadelphia 19106 215-255-1200 Delaware Ivy VIP International Core Equity S000006225 KUNXJZNR9Y2ZBTGW9Z22 2022-12-31 2022-09-30 N 434301995.10 7114103.46 427187891.64 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 3146602.91000000 UST Ambu A/S 5299008W2A69WX355710 Ambu A/S 000000000 138131.00000000 NS 1200226.95000000 0.280959964804 Long EC CORP DK N 2 N N TSMC 549300KB6NK5SBD14S87 Taiwan Semiconductor Manufacturing Co Ltd 000000000 608000.00000000 NS 8059278.52000000 1.886588706683 Long EC CORP TW N 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Long EC CORP CN N 1 N N Prudential PLC 5493001Z3ZE83NGK8Y12 Prudential PLC 000000000 664000.00000000 NS 6498989.55000000 1.521342172187 Long EC CORP GB N 2 N N N SAP SE 529900D6BF99LW9R2E68 SAP SE 000000000 65751.00000000 NS 5358388.78000000 1.254340042136 Long EC CORP DE N 2 N N N DNB Bank ASA 549300GKFG0RYRRQ1414 DNB Bank ASA 000000000 376917.00000000 NS 5980944.05000000 1.400073402604 Long EC CORP NO N 2 N N N Legal & General Group PLC 213800JH9QQWHLO99821 Legal & General Group PLC 000000000 2212977.00000000 NS 5282333.36000000 1.236536302496 Long EC CORP GB N 2 N N N Deutsche Telekom AG 549300V9QSIG4WX4GJ96 Deutsche Telekom AG 000000000 526286.00000000 NS 8958268.74000000 2.097032456984 Long EC CORP DE N 2 N N N AstraZeneca PLC PY6ZZQWO2IZFZC3IOL08 AstraZeneca PLC 046353108 135690.00000000 NS USD 7441239.60000000 1.741912574214 Long EC CORP GB N 1 N N N Fidelity Government Portfolio N/A Fidelity Government Portfolio 316175108 4021688.93000000 NS USD 4021688.93000000 0.941433268288 Long STIV RF US N 1 N N N NTPC Ltd 335800Q4TRGJXNLVMB81 NTPC Ltd 000000000 1651156.00000000 NS 3224811.26000000 0.754892945963 Long EC CORP IN N 2 N N N BlackRock Liquidity FedFund 549300T8K043VZEOVK74 BlackRock Liquidity FedFund 09248U700 4021688.94000000 NS USD 4021688.94000000 0.941433270629 Long STIV RF US N 1 N N N Alcon Inc 549300LDT5AP8S0NBM78 Alcon Inc 000000000 71033.00000000 NS USD 4132699.94000000 0.967419728151 Long EC CORP CH N 1 N N N Schneider Electric SE 969500A1YF1XUYYXS284 Schneider Electric SE 000000000 48588.00000000 NS 5488052.51000000 1.284692899166 Long EC CORP FR N 2 N N N BNP Paribas SA R0MUWSFPU8MPRO8K5P83 BNP Paribas SA 000000000 151627.00000000 NS 6404612.16000000 1.499249460328 Long EC CORP FR N 2 N N N Siemens AG W38RGI023J3WT1HWRP32 Siemens AG 000000000 47796.00000000 NS 4671718.45000000 1.093598049341 Long EC CORP DE N 2 N N N Schlumberger NV 213800ZUA17OK3QLGM62 Schlumberger NV 806857108 228322.00000000 NS USD 8196759.80000000 1.918771566425 Long EC CORP US N 1 N N N SITC International Holdings Co 529900JUV4MOM9CE3V12 SITC International Holdings Co Ltd 000000000 738000.00000000 NS 1353443.76000000 0.316826339530 Long EC CORP HK N 2 N N N Newcrest Mining Ltd 5299006MN50OZJUJI655 Newcrest Mining Ltd 000000000 492802.31199100 NS 5410570.49000000 1.266555208114 Long EC CORP AU N 2 N N N MSILF Government Portfolio 549300BI6Y5SI6BYPB26 MSILF Government Portfolio 61747C707 4021688.94000000 NS USD 4021688.94000000 0.941433270629 Long STIV RF US N 1 N N N HelloFresh SE 391200ZAF4V6XD2M9G57 HelloFresh SE 000000000 183203.00000000 NS 3834791.02000000 0.897682517469 Long EC CORP DE N 2 N N N Stellantis NV 549300LKT9PW7ZIBDF31 Stellantis NV 000000000 527678.00000000 NS 6240768.25000000 1.460895398051 Long EC CORP NL N 2 N N N LVMH Moet Hennessy Louis Vuitt IOG4E947OATN0KJYSD45 LVMH Moet Hennessy Louis Vuitton SE 000000000 7351.00000000 NS 4333964.32000000 1.014533512024 Long EC CORP FR N 2 N N N Tokio Marine Holdings Inc 5299009QN2NZ191KLS29 Tokio Marine Holdings Inc 000000000 503622.00000000 NS 8950939.33000000 2.095316722493 Long EC CORP JP N 2 N N JD.com Inc 549300HVTWB0GJZ16V92 JD.com Inc 47215P106 168132.00000000 NS USD 8457039.60000000 1.979700212834 Long EC CORP CN N 1 N N N ORIX Corp 35380016EMHNBOVYE123 ORIX Corp 000000000 387151.00000000 NS 5423619.24000000 1.269609777369 Long EC CORP JP N 2 N N N Canadian Pacific Railway Ltd N/A Canadian Pacific Railway Ltd 13645T100 143790.00000000 NS 9598491.26000000 2.246901526902 Long EC CORP CA N 1 N N N China Mengniu Dairy Co Ltd 2549005Q343BSJ8RSS21 China Mengniu Dairy Co Ltd 000000000 1048000.00000000 NS 4142854.35000000 0.969796764158 Long EC CORP HK N 2 N N N AstraZeneca PLC PY6ZZQWO2IZFZC3IOL08 AstraZeneca PLC 000000000 40112.00000000 NS 4409491.40000000 1.032213573065 Long EC CORP GB N 2 N N N Canada Goose Holdings Inc 529900891XBE6RV8JR07 Canada Goose Holdings Inc 135086106 313927.00000000 NS USD 4784247.48000000 1.119939861037 Long EC CORP CA N 1 N N Prosus NV 635400Z5LQ5F9OLVT688 Prosus NV 000000000 92604.00000000 NS 4817873.18000000 1.127811268597 Long EC CORP NL N 2 N N N L'Oreal SA 529900JI1GG6F7RKVI53 L'Oreal SA 000000000 6816.00000000 NS 2179361.94000000 0.510164726727 Long EC CORP FR N 2 N N N H World Group Ltd 549300Y5ML31FVN83730 H World Group Ltd 44332N106 270324.00000000 NS USD 9066666.96000000 2.122407291365 Long EC CORP CN N 1 N N N Li Ning Co Ltd 529900T77L2FV3FZ3U81 Li Ning Co Ltd 000000000 1144000.00000000 NS 8680538.91000000 2.032018949946 Long EC CORP CN N 2 N N N Genmab A/S 529900MTJPDPE4MHJ122 Genmab A/S 000000000 32180.00000000 NS 10352425.41000000 2.423389242203 Long EC CORP DK N 2 N N N AP Moller - Maersk A/S 549300D2K6PKKKXVNN73 AP Moller - Maersk A/S 000000000 1121.00000000 NS 1980541.03000000 0.463622932381 Long EC CORP DK N 2 N N N LG Corp N/A LG Corp 000000000 119831.00000000 NS 6146694.95000000 1.438873870324 Long EC CORP KR N 2 N N N DREYFUS INST PREF GOVT PLUS MMF - SL #4134 N/A DREYFUS INST PREF GOVT PLUS MMF - SL #4134 000000000 6424005.40000000 NS USD 6424005.40000000 1.503789205105 Long STIV RF US N 1 N N Goldman Sachs Financial Square Government Fund 549300BRJMXN4GUWZ402 Goldman Sachs Financial Square Government Fund 38141W273 4021688.94000000 NS USD 4021688.94000000 0.941433270629 Long STIV RF US N 1 N N N adidas AG 549300JSX0Z4CW0V5023 adidas AG 000000000 45549.00000000 NS 5236369.57000000 1.225776683392 Long EC CORP DE N 2 N N N RWE AG 529900GB7KCA94ACC940 RWE AG 000000000 205373.00000000 NS 7548691.60000000 1.767065908872 Long EC CORP DE N 2 N N N Roche Holding AG 549300U41AUUVOAAOB37 Roche Holding AG 000000000 20821.00000000 NS 6777917.86000000 1.586636230249 Long EC CORP CH N 2 N N N Subaru Corp 549300N244BVAEE6HH86 Subaru Corp 000000000 365623.00000000 NS 5525420.83000000 1.293440413020 Long EC CORP JP N 2 N N N HeidelbergCement AG LZ2C6E0W5W7LQMX5ZI37 HeidelbergCement AG 000000000 102205.00000000 NS 4037522.89000000 0.945139824656 Long EC CORP DE N 2 N N N TotalEnergies SE 529900S21EQ1BO4ESM68 TotalEnergies SE 000000000 229743.00000000 NS 10778297.23000000 2.523081164267 Long EC CORP FR N 2 N N Suncor Energy Inc 549300W70ZOQDVLCHY06 Suncor Energy Inc 867224107 330030.00000000 NS 9293927.68000000 2.175606533303 Long EC CORP CA N 1 N N N Haleon PLC 549300PSB3WWEODCUP19 Haleon PLC 405552100 55898.00000000 NS USD 340418.82000000 0.079688312019 Long EC CORP GB N 1 N N N AP Moller - Maersk A/S 549300D2K6PKKKXVNN73 AP Moller - Maersk A/S 000000000 1924.00000000 NS 3496347.85000000 0.818456683446 Long EC CORP DK N 2 N N N Airbus SE MINO79WLOO247M1IL051 Airbus SE 000000000 101810.00000000 NS 8776060.50000000 2.054379506476 Long EC CORP FR N 2 N N N Seven & i Holdings Co Ltd 52990037G8JRM3TWGY86 Seven & i Holdings Co Ltd 000000000 201400.00000000 NS 8090244.92000000 1.893837601281 Long EC CORP JP N 2 N N N Bayer AG 549300J4U55H3WP1XT59 Bayer AG 000000000 168036.00000000 NS 7742182.04000000 1.812359898656 Long EC CORP DE N 2 N N N MercadoLibre Inc 549300DKPDN9M5S8GB14 MercadoLibre Inc 58733R102 9899.00000000 NS USD 8194194.22000000 1.918170992286 Long EC CORP UY N 1 N N N Thales SA 529900FNDVTQJOVVPZ19 Thales SA 000000000 71027.00000000 NS 7826747.95000000 1.832155850661 Long EC CORP FR N 2 N N N Shell PLC 21380068P1DRHMJ8KU70 Shell PLC 000000000 399004.00000000 NS 9952406.31000000 2.329749158336 Long EC CORP GB N 2 N N N Dollarama Inc 5493002GJ0NJP1HI0C79 Dollarama Inc 25675T107 152804.00000000 NS 8772112.21000000 2.053455255092 Long EC CORP CA N 1 N N N Vinci SA 213800WFQ334R8UXUG83 Vinci SA 000000000 89915.00000000 NS 7270596.64000000 1.701966928905 Long EC CORP FR N 2 N N N Capgemini SE 96950077L0TN7BAROX36 Capgemini SE 000000000 48806.00000000 NS 7813867.37000000 1.829140648158 Long EC CORP FR N 2 N N N Samsung Electronics Co Ltd 9884007ER46L6N7EI764 Samsung Electronics Co Ltd 000000000 271015.00000000 NS 9951468.38000000 2.329529599211 Long EC CORP KR N 2 N N N Haleon PLC 549300PSB3WWEODCUP19 Haleon PLC 000000000 1369118.61860200 NS 4268865.13000000 0.999294505659 Long EC CORP GB N 1 N N N Mondi PLC 213800LOZA69QFDC9N34 Mondi PLC 000000000 279334.00000000 NS 4291251.99000000 1.004535024044 Long EC CORP GB N 2 N N N BBVA K8MS7FD7N5Z2WQ51AZ71 Banco Bilbao Vizcaya Argentaria SA 000000000 1396127.00000000 NS 6262810.24000000 1.466055186151 Long EC CORP ES N 2 N N N HSBC Holdings PLC MLU0ZO3ML4LN2LL2TL39 HSBC Holdings PLC 000000000 1636262.00000000 NS 8472337.29000000 1.983281234277 Long EC CORP GB N 2 N N N Tesco PLC 2138002P5RNKC5W2JZ46 Tesco PLC 000000000 2851837.00000000 NS 6545170.89000000 1.532152717361 Long EC CORP GB N 2 N N N 2022-11-18 Ivy Variable Insurance Portfolio Dan Geatens Dan Geatens Division Director - Head of US Fund Administration XXXX NPORT-EX 2 AIV0850DEL09302022.htm
Schedule of investments
Delaware Ivy VIP International Core Equity 
September 30, 2022 (Unaudited)
    Number of
shares 		Value (US $)
Common Stocks – 95.30%Δ
Australia − 1.27%
Newcrest Mining     492,802 $   5,410,570
     5,410,570
Austria − 1.00%
Mondi     279,334    4,291,252
     4,291,252
Brazil − 4.11%
Banco do Brasil   1,312,411     9,354,640
MercadoLibre †       9,899    8,194,194
    17,548,834
Canada − 7.60%
Canada Goose Holdings †     313,927     4,784,248
Canadian Pacific Railway     143,790     9,598,491
Dollarama     152,804     8,772,112
Suncor Energy     330,030    9,293,928
    32,448,779
China − 5.94%
H World Group ADR     270,324     9,066,667
JD.com ADR     168,132     8,457,040
SITC International Holdings     738,000     1,353,444
Tencent Holdings     191,700    6,474,920
    25,352,071
China/Hong Kong − 5.89%
China Mengniu Dairy †   1,048,000     4,142,854
Li Ning   1,144,000     8,680,539
Prosus      92,604     4,817,873
ZTO Express Cayman ADR     313,124    7,524,370
    25,165,636
Denmark − 3.99%
Ambu Class B *     138,131     1,200,227
AP Moller - Maersk Class A       1,121     1,980,541
AP Moller - Maersk Class B       1,924     3,496,348
Genmab †      32,180   10,352,425
    17,029,541
France − 12.97%
Airbus     101,810     8,776,061
BNP Paribas     151,627     6,404,612
Capgemini      48,806     7,813,867
L'Oreal       6,816     2,179,362
LVMH Moet Hennessy Louis Vuitton       7,351     4,333,964
Thales      71,027     7,826,748
TotalEnergies *     229,743    10,778,297
Vinci      89,915    7,270,597
    55,383,508
Germany − 11.09%
adidas AG      45,549     5,236,369
    Number of
shares 		Value (US $)
Common StocksΔ (continued)
Germany (continued)
Bayer     168,036 $   7,742,182
Deutsche Telekom     526,286     8,958,269
HeidelbergCement     102,205     4,037,523
HelloFresh †     183,203     3,834,791
RWE     205,373     7,548,692
SAP      65,751     5,358,389
Siemens      47,796    4,671,718
    47,387,933
Hong Kong − 1.52%
Prudential     664,000    6,498,990
     6,498,990
India − 0.75%
NTPC   1,651,156    3,224,811
     3,224,811
Japan − 9.07%
Inpex *     795,100     7,415,967
ORIX     387,151     5,423,619
Seven & i Holdings     201,400     8,090,245
Subaru     365,623     5,525,421
Terumo     118,461     3,329,965
Tokio Marine Holdings     503,622    8,950,939
    38,736,156
Netherlands − 3.72%
ING Groep     693,944     5,946,009
Shell     399,004    9,952,406
    15,898,415
Norway − 1.40%
DNB Bank     376,917    5,980,944
     5,980,944
Republic of Korea − 3.77%
LG     119,831     6,146,695
Samsung Electronics     271,015    9,951,468
    16,098,163
Spain − 1.47%
Banco Bilbao Vizcaya Argentaria   1,396,127    6,262,810
     6,262,810
Switzerland − 2.55%
Alcon      71,033     4,132,700
Roche Holding      20,821    6,777,918
    10,910,618
Taiwan − 1.89%
Taiwan Semiconductor Manufacturing     608,000    8,059,279
     8,059,279
NQ-IV085 [9/22] 11/22 (2605371)    1
Schedule of investments
Delaware Ivy VIP International Core Equity   (Unaudited)
    Number of
shares 		Value (US $)
Common StocksΔ (continued)
United Kingdom − 10.64%
AstraZeneca      40,112 $   4,409,492
AstraZeneca ADR     135,690     7,441,240
Haleon †   1,369,119     4,268,865
Haleon ADR †      55,898       340,419
HSBC Holdings   1,636,262     8,472,337
Legal & General Group   2,212,977     5,282,333
Reckitt Benckiser Group     130,962     8,680,380
Tesco   2,851,837    6,545,171
    45,440,237
United States − 4.66%
Schlumberger     228,322     8,196,760
Schneider Electric      48,588     5,488,053
Stellantis     527,678    6,240,768
    19,925,581
Total Common Stocks
(cost $515,096,675) 		 407,054,128
 
Short-Term Investments – 3.77%
Money Market Mutual Funds – 3.77%
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 2.76%)   4,021,689     4,021,689
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 2.74%)   4,021,689     4,021,689
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 2.98%)   4,021,689     4,021,689
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 2.80%)   4,021,689    4,021,689
Total Short-Term Investments
(cost $16,086,756) 		  16,086,756
Total Value of Securities Before
Securities Lending Collateral−99.07%
(cost $531,183,431) 		     423,140,884
    Number of
shares 		Value (US $)
Securities Lending Collateral – 1.50%
Money Market Mutual Fund − 1.50%
Dreyfus Institutional Preference Government Money Market Fund - Institutional Shares (seven-day effective yield 2.98%)   6,424,005 $   6,424,005
Total Securities Lending Collateral
(cost $6,424,005) 		   6,424,005
Total Value of Securities−100.57%
(cost $537,607,436) 		    429,564,889■
Obligation to Return
Securities Lending
Collateral — (1.50%) 		      (6,424,005)
Receivables and Other Assets Net of Liabilities — 0.93%        3,993,233
Net Assets Applicable to 35,796,236 Shares Outstanding — 100.00%      $427,134,117
Summary of abbreviations:
ADR - American Depositary Receipt
AG - Aktiengesellschaft
 
2    NQ-IV085 [9/22] 11/22 (2605371)
(Unaudited)
The following foreign currency exchange contracts were outstanding at September 30, 2022:
Foreign Currency Exchange Contracts            
Counterparty   Currency to
Receive (Deliver) 		  In Exchange For   Settlement
Date 		  Unrealized
Appreciation 		  Unrealized
Depreciation
BNYM   BRL (298,595)   USD 55,514   10/4/22   $221   $—
BNYM   EUR (143,412)   USD 140,396   10/3/22   —   (184)
Total Foreign Currency Exchange Contracts   $221   $(184)
The use of foreign currency exchange contracts involves elements of market risk and risks in excess of the amounts disclosed in the schedule of investments. The foreign currency exchange contracts presented above represent the Portfolio’s total exposure in such contracts, whereas only the net unrealized appreciation (depreciation) is reflected in the Portfolio’s net assets.
Δ Securities have been classified by country of risk.
† Non-income producing security.
* Fully or partially on loan.
■ Includes $30,967,742 of securities loaned for which the counterparty pledged additional non-cash collateral valued at $27,147,951.
Summary of abbreviations: 
BNYM – Bank of New York Mellon
Summary of currencies: 
BRL – Brazilian Real
EUR – European Monetary Unit
USD – US Dollar
NQ-IV085 [9/22] 11/22 (2605371)    3