# EDGAR Filing Document

**Accession Number:** 0000810016
**File Stem:** 0000940400-26-021612
**Filing Date:** 2026-5
**Character Count:** 25602
**Document Hash:** 1661108d40f6b764cb81cc3bc58da460
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-021612.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0000940400-26-021612

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ivy Variable Insurance Portfolios
- **CENTRAL INDEX KEY:** 0000810016

**ORGANIZATION NAME:**
- **EIN:** 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:** 261031807

**BUSINESS ADDRESS:**
- **STREET 1:** 100 INDEPENDENCE
- **STREET 2:** 610 MARKET STREET
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19106-2354
- **BUSINESS PHONE:** (800) 523-1918

**MAIL ADDRESS:**
- **STREET 1:** 100 INDEPENDENCE
- **STREET 2:** 610 MARKET STREET
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19106-2354

**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

## Series and Classes Contracts Data

### Nomura VIP Growth Series (Series ID: S000006241)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000017175 | Service      |  |

## Nport-Ex

## Schedule of investments
Nomura VIP Growth Series

March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | &nbsp;&nbsp;**Value (US $)** |
| &nbsp;&nbsp;**Common Stocks — 99.71%♣** | &nbsp;&nbsp;**Common Stocks — 99.71%♣** | &nbsp;&nbsp;**Common Stocks — 99.71%♣** |
| &nbsp;&nbsp;Communication Services — 9.70% | &nbsp;&nbsp;Communication Services — 9.70% | &nbsp;&nbsp;Communication Services — 9.70% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alphabet Class A | 95441 | &nbsp;&nbsp;$27445014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Meta Platforms Class A | 16506 | &nbsp;&nbsp;&nbsp; 9443578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Netflix † | 53495 | &nbsp;&nbsp;&nbsp; 5143544 |
|  |  | &nbsp;&nbsp;&nbsp; 42032136 |
| &nbsp;&nbsp;Consumer Discretionary — 8.64% | &nbsp;&nbsp;Consumer Discretionary — 8.64% | &nbsp;&nbsp;Consumer Discretionary — 8.64% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amazon.com † | 125454 | &nbsp;&nbsp;&nbsp; 26128305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Booking Holdings | &nbsp;&nbsp;&nbsp;&nbsp;1808 | &nbsp;&nbsp;&nbsp; 7612259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ferrari | 11039 | &nbsp;&nbsp;&nbsp; 3736149 |
|  |  | &nbsp;&nbsp;&nbsp; 37476713 |
| &nbsp;&nbsp;Consumer Staples — 0.68% | &nbsp;&nbsp;Consumer Staples — 0.68% | &nbsp;&nbsp;Consumer Staples — 0.68% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coca-Cola | 38605 | &nbsp;&nbsp;&nbsp; 2935910 |
|  |  | &nbsp;&nbsp;&nbsp; 2935910 |
| &nbsp;&nbsp;Financials — 15.11% | &nbsp;&nbsp;Financials — 15.11% | &nbsp;&nbsp;Financials — 15.11% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intercontinental Exchange | 78091 | &nbsp;&nbsp;&nbsp; 12282153 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mastercard Class A | 26908 | &nbsp;&nbsp;&nbsp; 13444851 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MSCI | 14247 | &nbsp;&nbsp;&nbsp; 7679275 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;S&P Global | 26398 | &nbsp;&nbsp;&nbsp; 11228125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Visa Class A | 69040 | &nbsp;&nbsp;&nbsp; 20866650 |
|  |  | &nbsp;&nbsp;&nbsp; 65501054 |
| &nbsp;&nbsp;Healthcare — 9.27% | &nbsp;&nbsp;Healthcare — 9.27% | &nbsp;&nbsp;Healthcare — 9.27% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Danaher | 54124 | &nbsp;&nbsp;&nbsp; 10261910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Edwards Lifesciences † | 96450 | &nbsp;&nbsp;&nbsp; 7723716 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gilead Sciences | 43702 | &nbsp;&nbsp;&nbsp; 6090748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IDEXX Laboratories † | &nbsp;&nbsp;&nbsp;&nbsp;7207 | &nbsp;&nbsp;&nbsp; 4049541 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intuitive Surgical † | 16441 | &nbsp;&nbsp;&nbsp; 7579137 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Veeva Systems Class A † | 25588 | &nbsp;&nbsp;&nbsp; 4494788 |
|  |  | &nbsp;&nbsp;&nbsp; 40199840 |
| &nbsp;&nbsp;Industrials — 6.41% | &nbsp;&nbsp;Industrials — 6.41% | &nbsp;&nbsp;Industrials — 6.41% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Broadridge Financial Solutions | 29080 | &nbsp;&nbsp;&nbsp; 4724918 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equifax | 18496 | &nbsp;&nbsp;&nbsp; 3330575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Old Dominion Freight Line | &nbsp;&nbsp;&nbsp;&nbsp;7099 | &nbsp;&nbsp;&nbsp; 1387145 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Verisk Analytics | 47496 | &nbsp;&nbsp;&nbsp; 9012366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Waste Connections | 57498 | &nbsp;&nbsp;&nbsp; 9339975 |
|  |  | &nbsp;&nbsp;&nbsp; 27794979 |
| &nbsp;&nbsp;Information Technology — 48.33% | &nbsp;&nbsp;Information Technology — 48.33% | &nbsp;&nbsp;Information Technology — 48.33% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advanced Micro Devices † | 43507 | &nbsp;&nbsp;&nbsp; 8850629 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Apple | 158264 | &nbsp;&nbsp;&nbsp; 40165821 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Autodesk † | 15791 | &nbsp;&nbsp;&nbsp; 3780365 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Broadcom | 39918 | &nbsp;&nbsp;&nbsp; 12355020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intuit | 14029 | &nbsp;&nbsp;&nbsp; 6065859 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Microsoft | 130294 | &nbsp;&nbsp;&nbsp; 48230930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Motorola Solutions | 14441 | &nbsp;&nbsp;&nbsp; 6266961 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NVIDIA | 385774 | &nbsp;&nbsp;&nbsp; 67278986 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Synopsys † | &nbsp;&nbsp;&nbsp;&nbsp;6959 | &nbsp;&nbsp;&nbsp; 2759104 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing ADR | 40778 | &nbsp;&nbsp;&nbsp; 13780925 |
|  |  | &nbsp;&nbsp;&nbsp;209534600 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | &nbsp;&nbsp;**Value (US $)** |
| &nbsp;&nbsp;**Common Stocks♣ (continued)** | &nbsp;&nbsp;**Common Stocks♣ (continued)** | &nbsp;&nbsp;**Common Stocks♣ (continued)** |
| &nbsp;&nbsp;Materials — 1.52% | &nbsp;&nbsp;Materials — 1.52% | &nbsp;&nbsp;Materials — 1.52% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vulcan Materials | 24219 | &nbsp;&nbsp;$6594834 |
|  |  | &nbsp;&nbsp;&nbsp; 6594834 |
| &nbsp;&nbsp;Real Estate — 0.05% | &nbsp;&nbsp;Real Estate — 0.05% | &nbsp;&nbsp;Real Estate — 0.05% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CoStar Group † | &nbsp;&nbsp;&nbsp;&nbsp;5210 | &nbsp;&nbsp;&nbsp; 210171 |
|  |  | &nbsp;&nbsp;&nbsp; 210171 |
| &nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (cost $299,414,458)** | &nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (cost $299,414,458)** | &nbsp;&nbsp;&nbsp;**432280237** |
| &nbsp;&nbsp;**Short-Term Investments — 0.47%** | &nbsp;&nbsp;**Short-Term Investments — 0.47%** | &nbsp;&nbsp;**Short-Term Investments — 0.47%** |
| &nbsp;&nbsp;Money Market Mutual Funds — 0.47% | &nbsp;&nbsp;Money Market Mutual Funds — 0.47% | &nbsp;&nbsp;Money Market Mutual Funds — 0.47% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 3.55%) | 507325 | &nbsp;&nbsp;&nbsp; 507325 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 3.53%) | 507325 | &nbsp;&nbsp;&nbsp; 507325 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 3.59%) | 507325 | &nbsp;&nbsp;&nbsp; 507325 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 3.57%) | 507326 | &nbsp;&nbsp;&nbsp; 507326 |
| &nbsp;&nbsp;&nbsp;**Total Short-Term Investments<br> (cost $2,029,301)** | &nbsp;&nbsp;&nbsp;**Total Short-Term Investments<br> (cost $2,029,301)** | &nbsp;&nbsp;&nbsp; **2029301** |
| &nbsp;&nbsp;&nbsp;**Total Value of Securities—100.18%<br> (cost $301,443,759)** |  | &nbsp;&nbsp;&nbsp;**434309538** |
| &nbsp;&nbsp;&nbsp;**Liabilities Net of Receivables and Other Assets—(0.18%)** |  | &nbsp;&nbsp;&nbsp;&nbsp; **(761894)** |
| &nbsp;&nbsp;&nbsp;**Net Assets Applicable to 51,998,982 Shares Outstanding—100.00%** |  | &nbsp;&nbsp;**$433547644** |

---

♣ Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes. <br> † Non-income producing security.

---

| |
|:---|
| **Summary of abbreviations:** |
| ADR – American Depositary Receipt |
| MSCI – Morgan Stanley Capital International |
| S&P – Standard & Poor's Financial Services LLC |

---

NQ- IV094 [0326] 0526 (5459551) 1

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Ivy Variable Insurance Portfolios

- **b. Investment Company Act file number:** 811-05017

- **c. CIK number of Registrant:** 0000810016

- **d. LEI of Registrant:** 72XHPUAYSOH6ROSGJT53

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 100 Independence

  - **City:** Philadelphia

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19106

  - **Telephone number:** 215-255-1200

**Item A.2. Information about the Series.**

- **a. Name of Series:** Nomura VIP Growth Series

- **b. EDGAR series identifier (if any):** S000006241

- **c. LEI of Series:** Z8006IQHVKEASPHFNK61

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $434467829.38

**Total Liabilities:** $609707.88

**Net Assets:** $433858121.50

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000017175 | -2.94%               | -4.97%               | -5.23%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-85337.53               | $-14791336.20                              |
| Month 2  | $4678957.66              | $-28781359.94                              |
| Month 3  | $-1845247.40             | $-22156443.25                              |

### Schedule of Portfolio Investments

| Name                                         | Title                                                       | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Taiwan Semiconductor Manufacturing Co., Ltd. | Taiwan Semiconductor Manufacturing Co., Ltd. SPONSORED ADS  | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     40778 | NS      | $13780925.10  | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                   | Intuit Inc COM                                              | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     14029 | NS      | $6065859.02   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Institutional Liquidity Funds | Morgan Stanley Institutional Liquidity Funds GOVT PTF INSTL | CUSIP: 61747C707<br>LEI: 5493000A332Y142SOW84 | Long             | STIV             | RF                | US        |    507325 | NS      | $507325.38    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Company                     | Vulcan Materials Company COM                                | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |     24219 | NS      | $6594833.70   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                                | Netflix, Inc. COM                                           | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     53495 | NS      | $5143544.25   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| WASTE CONNECTIONS INC                        | Waste Connections Inc. COM                                  | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |     57498 | NS      | $9339975.12   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc                | Intercontinental Exchange Inc COM                           | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     78091 | NS      | $12282152.48  | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc.                      | Intuitive Surgical Inc. COM NEW                             | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |     16441 | NS      | $7579136.59   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                           | Meta Platforms Inc CL A                                     | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     16506 | NS      | $9443577.78   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                     | Visa Inc COM CL A                                           | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     69040 | NS      | $20866649.60  | 4.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corporation                          | Danaher Corporation COM                                     | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     54124 | NS      | $10261910.40  | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Edwards Lifesciences Corporation             | Edwards Lifesciences Corporation COM                        | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |     96450 | NS      | $7723716.00   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                       | Motorola Solutions Inc COM NEW                              | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |     14441 | NS      | $6266960.77   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc.                         | Gilead Sciences Inc. COM                                    | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     43702 | NS      | $6090747.74   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                             | Amazon.com, Inc. COM                                        | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    125454 | NS      | $26128304.58  | 6.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                                | Alphabet Inc. CAP STK CL A                                  | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     95441 | NS      | $27445013.96  | 6.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc                            | Veeva Systems Inc CL A COM                                  | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |     25588 | NS      | $4494788.08   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc.               | Old Dominion Freight Line Inc. COM                          | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |      7099 | NS      | $1387144.60   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics, Inc.                       | Verisk Analytics, Inc. COM                                  | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |     47496 | NS      | $9012366.00   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                                 | Synopsys Inc COM                                            | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      6959 | NS      | $2759104.32   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Colchester Street Trust             | Fidelity Colchester Street Trust MNY MRKT FDS I             | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |    507325 | NS      | $507325.38    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Equifax Inc.                                 | Equifax Inc. COM                                            | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |     18496 | NS      | $3330574.72   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc.                      | IDEXX Laboratories Inc. COM                                 | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |      7207 | NS      | $4049541.23   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| FERRARI NV                                   | Ferrari N V COM EUR0.01                                     | CUSIP: 000000000<br>LEI: 549300RIVY5EX8RCON76 | Long             | EC               | CORP              | NL        |     11039 | NS      | $3736149.55   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                               | S&P Global Inc COM                                          | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |     26398 | NS      | $11228125.32  | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity Funds                    | BlackRock Liquidity Funds FEDFUND INSTL                     | CUSIP: 09248U700<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |    507325 | NS      | $507325.19    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                                 | NVIDIA Corp. COM                                            | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    385774 | NS      | $67278985.60  | 15.51%            |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated                      | MasterCard Incorporated CL A                                | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     26908 | NS      | $13444851.28  | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                                   | Apple Inc. COM                                              | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    158264 | NS      | $40165820.56  | 9.26%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc.                                    | MSCI Inc. COM                                               | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |     14247 | NS      | $7679275.47   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co (The)                           | Coca-Cola Co (The) COM                                      | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     38605 | NS      | $2935910.25   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                              | Microsoft Corp. COM                                         | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    130294 | NS      | $48230929.98  | 11.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                         | Booking Holdings Inc COM                                    | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      1808 | NS      | $7612258.56   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                                 | Autodesk Inc COM                                            | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |     15791 | NS      | $3780365.40   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions Inc.          | Broadridge Financial Solutions Inc. COM                     | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |     29080 | NS      | $4724918.40   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc.                  | Advanced Micro Devices Inc. COM                             | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     43507 | NS      | $8850629.01   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                 | Broadcom Inc COM                                            | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     39918 | NS      | $12355020.18  | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Costar Group Inc                             | Costar Group Inc COM                                        | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Long             | EC               | CORP              | US        |      5210 | NS      | $210171.40    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Trust                          | Goldman Sachs Financial Square Government Fund              | CUSIP: 38141W273<br>LEI: S2FHCT8U6D2VORP0J605 | Long             | STIV             | RF                | US        |    507325 | NS      | $507325.38    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-28

**Name of Applicant:** Ivy Variable Insurance Portfolio

**Signature:** Dan Geatens

**Name of Signer:** Dan Geatens

**Title:** Division Director - Head of US Fund Administration