# EDGAR Filing Document

**Accession Number:** 0000810016
**File Stem:** 0000940400-26-021607
**Filing Date:** 2026-5
**Character Count:** 25083
**Document Hash:** edb22d810f157ed15d1a6f339f54a4e8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-021607.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0000940400-26-021607

**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:** 261031801

**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 Value Series (Series ID: S000006236)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000017170 | Service      |  |

## Nport-Ex

## Schedule of investments
Nomura VIP Value Series

March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | &nbsp;&nbsp;**Value (US $)** |
| &nbsp;&nbsp;**Common Stocks — 99.19%♣** | &nbsp;&nbsp;**Common Stocks — 99.19%♣** | &nbsp;&nbsp;**Common Stocks — 99.19%♣** |
| &nbsp;&nbsp;Communication Services — 2.99% | &nbsp;&nbsp;Communication Services — 2.99% | &nbsp;&nbsp;Communication Services — 2.99% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alphabet Class A | 15605 | &nbsp;&nbsp;$4487374 |
|  |  | &nbsp;&nbsp;&nbsp; 4487374 |
| &nbsp;&nbsp;Consumer Discretionary — 8.45% | &nbsp;&nbsp;Consumer Discretionary — 8.45% | &nbsp;&nbsp;Consumer Discretionary — 8.45% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amazon.com † | 21700 | &nbsp;&nbsp;&nbsp; 4519459 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lowe's | 18151 | &nbsp;&nbsp;&nbsp; 4288718 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NIKE Class B | 73775 | &nbsp;&nbsp;&nbsp; 3896796 |
|  |  | &nbsp;&nbsp;&nbsp; 12704973 |
| &nbsp;&nbsp;Consumer Staples — 7.09% | &nbsp;&nbsp;Consumer Staples — 7.09% | &nbsp;&nbsp;Consumer Staples — 7.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hershey | 14523 | &nbsp;&nbsp;&nbsp; 3019186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PepsiCo | 24885 | &nbsp;&nbsp;&nbsp; 3864392 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Procter & Gamble | 26106 | &nbsp;&nbsp;&nbsp; 3770751 |
|  |  | &nbsp;&nbsp;&nbsp; 10654329 |
| &nbsp;&nbsp;Energy — 6.30% | &nbsp;&nbsp;Energy — 6.30% | &nbsp;&nbsp;Energy — 6.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chevron | 22604 | &nbsp;&nbsp;&nbsp; 4676768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exxon Mobil | 28220 | &nbsp;&nbsp;&nbsp; 4787805 |
|  |  | &nbsp;&nbsp;&nbsp; 9464573 |
| &nbsp;&nbsp;Financials — 18.23% | &nbsp;&nbsp;Financials — 18.23% | &nbsp;&nbsp;Financials — 18.23% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of America | 96360 | &nbsp;&nbsp;&nbsp; 4697550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Charles Schwab | 47283 | &nbsp;&nbsp;&nbsp; 4443656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intercontinental Exchange | 29000 | &nbsp;&nbsp;&nbsp; 4561120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marsh & McLennan | 25563 | &nbsp;&nbsp;&nbsp; 4433902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Progressive | 22400 | &nbsp;&nbsp;&nbsp; 4440576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wells Fargo & Co. | 60608 | &nbsp;&nbsp;&nbsp; 4825003 |
|  |  | &nbsp;&nbsp;&nbsp; 27401807 |
| &nbsp;&nbsp;Healthcare — 13.52% | &nbsp;&nbsp;Healthcare — 13.52% | &nbsp;&nbsp;Healthcare — 13.52% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cigna Group | 16748 | &nbsp;&nbsp;&nbsp; 4467529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Johnson & Johnson | 20063 | &nbsp;&nbsp;&nbsp; 4904200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Merck & Co. | 22153 | &nbsp;&nbsp;&nbsp; 2664784 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thermo Fisher Scientific | &nbsp;&nbsp;&nbsp;&nbsp;7766 | &nbsp;&nbsp;&nbsp; 3817222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zoetis | 37700 | &nbsp;&nbsp;&nbsp; 4456517 |
|  |  | &nbsp;&nbsp;&nbsp; 20310252 |
| &nbsp;&nbsp;Industrials — 15.22% | &nbsp;&nbsp;Industrials — 15.22% | &nbsp;&nbsp;Industrials — 15.22% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Carrier Global | 76700 | &nbsp;&nbsp;&nbsp; 4318977 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CSX | 128153 | &nbsp;&nbsp;&nbsp; 5260681 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dover | 20939 | &nbsp;&nbsp;&nbsp; 4364734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jacobs Solutions | 34480 | &nbsp;&nbsp;&nbsp; 4388614 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Northrop Grumman | &nbsp;&nbsp;&nbsp;&nbsp;6650 | &nbsp;&nbsp;&nbsp; 4536896 |
|  |  | &nbsp;&nbsp;&nbsp; 22869902 |
| &nbsp;&nbsp;Information Technology — 14.76% | &nbsp;&nbsp;Information Technology — 14.76% | &nbsp;&nbsp;Information Technology — 14.76% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Analog Devices | 14565 | &nbsp;&nbsp;&nbsp; 4633709 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CDW | 31609 | &nbsp;&nbsp;&nbsp; 3825321 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cisco Systems | 61127 | &nbsp;&nbsp;&nbsp; 4742844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Qnity Electronics | 35918 | &nbsp;&nbsp;&nbsp; 4144219 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Teledyne Technologies † | &nbsp;&nbsp;&nbsp;&nbsp;7997 | &nbsp;&nbsp;&nbsp; 4838265 |
|  |  | &nbsp;&nbsp;&nbsp; 22184358 |

---

---

| | | |
|:---|:---|:---|
|  | **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 — 6.19% | &nbsp;&nbsp;Materials — 6.19% | &nbsp;&nbsp;Materials — 6.19% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DuPont de Nemours | 99636 | &nbsp;&nbsp;$4563329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PPG Industries | 44298 | &nbsp;&nbsp;&nbsp; 4734570 |
|  |  | &nbsp;&nbsp;&nbsp; 9297899 |
| &nbsp;&nbsp;Real Estate — 3.10% | &nbsp;&nbsp;Real Estate — 3.10% | &nbsp;&nbsp;Real Estate — 3.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prologis | 35288 | &nbsp;&nbsp;&nbsp; 4664368 |
|  |  | &nbsp;&nbsp;&nbsp; 4664368 |
| &nbsp;&nbsp;Utilities — 3.34% | &nbsp;&nbsp;Utilities — 3.34% | &nbsp;&nbsp;Utilities — 3.34% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Duke Energy | 38287 | &nbsp;&nbsp;&nbsp; 5013300 |
|  |  | &nbsp;&nbsp;&nbsp; 5013300 |
| &nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (cost $134,994,731)** | &nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (cost $134,994,731)** | &nbsp;&nbsp;&nbsp;**149053135** |
| &nbsp;&nbsp;**Short-Term Investments — 0.94%** | &nbsp;&nbsp;**Short-Term Investments — 0.94%** | &nbsp;&nbsp;**Short-Term Investments — 0.94%** |
| &nbsp;&nbsp;Money Market Mutual Funds — 0.94% | &nbsp;&nbsp;Money Market Mutual Funds — 0.94% | &nbsp;&nbsp;Money Market Mutual Funds — 0.94% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 3.55%) | 351404 | &nbsp;&nbsp;&nbsp; 351404 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 3.53%) | 351406 | &nbsp;&nbsp;&nbsp; 351406 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 3.59%) | 351406 | &nbsp;&nbsp;&nbsp; 351406 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 3.57%) | 351406 | &nbsp;&nbsp;&nbsp; 351406 |
| &nbsp;&nbsp;&nbsp;**Total Short-Term Investments<br> (cost $1,405,622)** | &nbsp;&nbsp;&nbsp;**Total Short-Term Investments<br> (cost $1,405,622)** | &nbsp;&nbsp;&nbsp; **1405622** |
| &nbsp;&nbsp;&nbsp;**Total Value of Securities—100.13%<br> (cost $136,400,353)** |  | &nbsp;&nbsp;&nbsp;**150458757** |
| &nbsp;&nbsp;&nbsp;**Liabilities Net of Receivables and Other Assets—(0.13%)** |  | &nbsp;&nbsp;&nbsp;&nbsp; **(193298)** |
| &nbsp;&nbsp;&nbsp;**Net Assets Applicable to 32,956,059 Shares Outstanding—100.00%** |  | &nbsp;&nbsp;**$150265459** |

---

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

NQ- IV088 [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 Value Series

- **b. EDGAR series identifier (if any):** S000006236

- **c. LEI of Series:** AWONQDLF30HQ3RDWG969

**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:** $150566778.77

**Total Liabilities:** $242832.97

**Net Assets:** $150323945.80

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000017170 | 5.42%                | 4.07%                | -6.17%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2237295.19              | $5821175.32                                |
| Month 2  | $-1936991.98             | $8118073.03                                |
| Month 3  | $-353034.00              | $-9676156.60                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Prologis Inc.                                | Prologis Inc. COM                                           | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     35288 | NS      | $4664367.84   | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Dupont De Nemours Inc                        | Dupont De Nemours Inc COM                                   | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |     99636 | NS      | $4563328.80   | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| The Charles Schwab Corporation               | The Charles Schwab Corporation COM                          | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     47283 | NS      | $4443656.34   | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co. (The)                            | Hershey Co. (The) COM                                       | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |     14523 | NS      | $3019186.47   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORP                                 | Chevron Corp. COM                                           | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22604 | NS      | $4676767.60   | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc.                                  | Zoetis Inc. CL A                                            | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |     37700 | NS      | $4456517.00   | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc.                          | Analog Devices Inc. COM                                     | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     14565 | NS      | $4633709.10   | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Qnity Electronics Inc.                       | Qnity Electronics Inc. COMMON STOCK                         | CUSIP: 74743L100<br>LEI: 254900RSUG4J9TFFZX53 | Long             | EC               | CORP              | US        |     35918 | NS      | $4144218.84   | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Dover Corporation                            | Dover Corporation COM                                       | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |     20939 | NS      | $4364734.55   | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| The Progressive Corporation                  | The Progressive Corporation COM                             | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     22400 | NS      | $4440576.00   | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                                | Alphabet Inc. CAP STK CL A                                  | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     15605 | NS      | $4487373.80   | 2.99%             |  |  |  | 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        |    351406 | NS      | $351405.71    | 0.23%             |  |  |  | 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        |    351406 | NS      | $351405.71    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrier Global Corporation                   | Carrier Global Corporation COM                              | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |     76700 | NS      | $4318977.00   | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc                 | Thermo Fisher Scientific Inc COM                            | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      7766 | NS      | $3817221.98   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| The Procter & Gamble Co.                     | The Procter & Gamble Co. COM                                | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     26106 | NS      | $3770750.64   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corporation                              | CSX Corporation COM                                         | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |    128153 | NS      | $5260680.65   | 3.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                            | Johnson & Johnson COM                                       | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     20063 | NS      | $4904199.72   | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                        | Bank of America Corp. COM                                   | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     96360 | NS      | $4697550.00   | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| The Cigna Group                              | The Cigna Group COM                                         | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |     16748 | NS      | $4467529.00   | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowes Companies, Inc.                        | Lowes Companies, Inc. COM                                   | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |     18151 | NS      | $4288718.28   | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Companies, Inc.             | Marsh & McLennan Companies, Inc. COM                        | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |     25563 | NS      | $4433902.35   | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co.                            | Wells Fargo & Co. COM                                       | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     60608 | NS      | $4825002.88   | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corporation                 | Northrop Grumman Corporation COM                            | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |      6650 | NS      | $4536896.00   | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico Inc                                  | Pepsico Inc COM                                             | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     24885 | NS      | $3864391.65   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Trust                          | Goldman Sachs Financial Square Government Fund              | CUSIP: 38141W273<br>LEI: S2FHCT8U6D2VORP0J605 | Long             | STIV             | RF                | US        |    351406 | NS      | $351405.71    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                             | Duke Energy Corp COM NEW                                    | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |     38287 | NS      | $5013299.78   | 3.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Jacobs Solutions Inc.                        | Jacobs Solutions Inc. COM                                   | CUSIP: 46982L108<br>LEI: 254900E3KHXCC2C8K272 | Long             | EC               | CORP              | US        |     34480 | NS      | $4388614.40   | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc                    | Teledyne Technologies Inc COM                               | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |      7997 | NS      | $4838264.97   | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                            | Exxon Mobil Corp. COM                                       | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     28220 | NS      | $4787805.20   | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries, Inc.                         | PPG Industries, Inc. COM                                    | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |     44298 | NS      | $4734570.24   | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Nike, Inc.                                   | Nike, Inc. CL B                                             | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |     73775 | NS      | $3896795.50   | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity Funds                    | BlackRock Liquidity Funds FEDFUND INSTL                     | CUSIP: 09248U700<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |    351405 | NS      | $351404.60    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp                                     | CDW Corp COM                                                | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |     31609 | NS      | $3825321.18   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc                | Intercontinental Exchange Inc COM                           | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     29000 | NS      | $4561120.00   | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc                             | Merck & Co., Inc COM                                        | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     22153 | NS      | $2664784.37   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                          | Cisco Systems, Inc. COM                                     | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     61127 | NS      | $4742843.93   | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                             | Amazon.com, Inc. COM                                        | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     21700 | NS      | $4519459.00   | 3.01%             |  |  |  | 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