# EDGAR Filing Document

**Accession Number:** 0000810016
**File Stem:** 0001752724-25-206448
**Filing Date:** 2025-8
**Character Count:** 34639
**Document Hash:** d5dfd6598b07a0149516385cfe8d70d0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-206448.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-206448

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20251231

**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:** 251258241

**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

### Macquarie VIP Small Cap Growth Series (Series ID: S000006233)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000017167 | Service      |  |
| C000203521 | Standard     |  |

## 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:** Macquarie VIP Small Cap Growth Series

- **b. EDGAR series identifier (if any):** S000006233

- **c. LEI of Series:** 7JKC5QVXLZ23MRRN8I76

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $191201254.65

**Total Liabilities:** $253874.39

**Net Assets:** $190947380.26

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000203521 | 1.15%                | 8.63%                | 4.65%                |
| Class ID C000017167 | 1.18%                | 8.65%                | 4.59%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $683417.93               | $990871.73                                 |
| Month 2  | $3363412.43              | $11545729.32                               |
| Month 3  | $3073418.27              | $5597696.88                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SoundHound AI Inc                              | SoundHound AI Inc                              | CUSIP: 836100107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     66685 | NS      | $715530.05    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Insmed Inc                                     | Insmed Inc                                     | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |     13359 | NS      | $1344449.76   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Ollie's Bargain Outlet Holding                 | Ollie's Bargain Outlet Holdings Inc            | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Long             | EC               | CORP              | US        |     28780 | NS      | $3792628.40   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Goosehead Insurance Inc                        | Goosehead Insurance Inc                        | CUSIP: 38267D109<br>LEI: 549300WH5MBIWHJ9XY95 | Long             | EC               | CORP              | US        |     11046 | NS      | $1165463.46   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                      | Halozyme Therapeutics Inc                      | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     25194 | NS      | $1310591.88   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Vital Farms Inc                                | Vital Farms Inc                                | CUSIP: 92847W103<br>LEI: 549300S6NYY7ER3XOT61 | Long             | EC               | CORP              | US        |     77225 | NS      | $2974707.00   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| SkyWest Inc                                    | SkyWest Inc                                    | CUSIP: 830879102<br>LEI: 529900UYS2KGS6Z42P09 | Long             | EC               | CORP              | US        |     11040 | NS      | $1136788.80   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Energy Industries Inc                 | Advanced Energy Industries Inc                 | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |     19979 | NS      | $2647217.50   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Chefs' Warehouse Inc/The                       | Chefs' Warehouse Inc/The                       | CUSIP: 163086101<br>LEI: 549300JYEDC8C547E980 | Long             | EC               | CORP              | US        |     45301 | NS      | $2890656.81   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Gulfport Energy Corp                           | Gulfport Energy Corp                           | CUSIP: 402635502<br>LEI: 254900DJRGZBUZ3F5038 | Long             | EC               | CORP              | US        |     10007 | NS      | $2013108.19   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Brinker International Inc                      | Brinker International Inc                      | CUSIP: 109641100<br>LEI: 52990067JY6PBGJNTG76 | Long             | EC               | CORP              | US        |     13464 | NS      | $2427963.12   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Descartes Systems Group Inc/Th                 | Descartes Systems Group Inc/The                | CUSIP: 249906108<br>LEI: 875500NEPA7JI5EOMN45 | Long             | EC               | CORP              | CA        |     20538 | NS      | $2087585.01   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc                             | Houlihan Lokey Inc                             | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |     15725 | NS      | $2829713.75   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Huron Consulting Group Inc                     | Huron Consulting Group Inc                     | CUSIP: 447462102<br>LEI: 549300NGVB9H6TKTLE36 | Long             | EC               | CORP              | US        |     16158 | NS      | $2222371.32   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Catalyst Pharmaceuticals Inc                   | Catalyst Pharmaceuticals Inc                   | CUSIP: 14888U101<br>LEI: 5299004O0R5XXLA5H544 | Long             | EC               | CORP              | US        |    102226 | NS      | $2218304.20   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Tarsus Pharmaceuticals Inc                     | Tarsus Pharmaceuticals Inc                     | CUSIP: 87650L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     92419 | NS      | $3743893.69   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Signal Corp                            | Federal Signal Corp                            | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |     10251 | NS      | $1090911.42   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphatec Holdings Inc                          | Alphatec Holdings Inc                          | CUSIP: 02081G201<br>LEI: 549300EZE8CQ8K65FS24 | Long             | EC               | CORP              | US        |     91003 | NS      | $1010133.30   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| HealthEquity Inc                               | HealthEquity Inc                               | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |     17525 | NS      | $1835919.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCEPT BioRobotics Corp                       | PROCEPT BioRobotics Corp                       | CUSIP: 74276L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16377 | NS      | $943315.20    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Seacoast Banking Corp of Flori                 | Seacoast Banking Corp of Florida               | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |     14273 | NS      | $394220.26    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilysys Inc                                   | Agilysys Inc                                   | CUSIP: 00847J105<br>LEI: 5299001XWB5V3B5IPN93 | Long             | EC               | CORP              | US        |     17121 | NS      | $1962751.44   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems Inc                            | Mercury Systems Inc                            | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |     18532 | NS      | $998133.52    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Remitly Global Inc                             | Remitly Global Inc                             | CUSIP: 75960P104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46913 | NS      | $880557.01    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| OneSpaWorld Holdings Ltd                       | OneSpaWorld Holdings Ltd                       | CUSIP: 000000000<br>LEI: 5493007W8PZ8W6UC2X76 | Long             | EC               | CORP              | BS        |     69958 | NS      | $1426443.62   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| ADMA Biologics Inc                             | ADMA Biologics Inc                             | CUSIP: 000899104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    146967 | NS      | $2676269.07   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Hims & Hers Health Inc                         | Hims & Hers Health Inc                         | CUSIP: 433000106<br>LEI: 254900V041EIVTSB6D58 | Long             | EC               | CORP              | US        |     15747 | NS      | $784987.95    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirum Pharmaceuticals Inc                      | Mirum Pharmaceuticals Inc                      | CUSIP: 604749101<br>LEI: 254900YZKR40F7F27K81 | Long             | EC               | CORP              | US        |     51600 | NS      | $2625924.00   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| MACOM Technology Solutions Hol                 | MACOM Technology Solutions Holdings Inc        | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20123 | NS      | $2883424.67   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Axsome Therapeutics Inc                        | Axsome Therapeutics Inc                        | CUSIP: 05464T104<br>LEI: 549300EXGR0XLRJEIB95 | Long             | EC               | CORP              | US        |     19012 | NS      | $1984662.68   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Integer Holdings Corp                          | Integer Holdings Corp                          | CUSIP: 45826H109<br>LEI: 549300SUD2ED5XG6X569 | Long             | EC               | CORP              | US        |     29875 | NS      | $3673728.75   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc                          | Lumentum Holdings Inc                          | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |     40003 | NS      | $3802685.18   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Leonardo DRS Inc                               | Leonardo DRS Inc                               | CUSIP: 52661A108<br>LEI: 549300HMMEWVG3PPQU18 | Long             | EC               | CORP              | US        |     59681 | NS      | $2773972.88   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| CBIZ Inc                                       | CBIZ Inc                                       | CUSIP: 124805102<br>LEI: 529900D5X8CFM8O1N813 | Long             | EC               | CORP              | US        |     49450 | NS      | $3546059.50   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI Aviation Ltd                              | FTAI Aviation Ltd                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18003 | NS      | $2071065.12   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Travere Therapeutics Inc                       | Travere Therapeutics Inc                       | CUSIP: 89422G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     67605 | NS      | $1000554.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| PriceSmart Inc                                 | PriceSmart Inc                                 | CUSIP: 741511109<br>LEI: 549300JVYOSTGVSDZS46 | Long             | EC               | CORP              | US        |      7279 | NS      | $764586.16    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Synaptics Inc                                  | Synaptics Inc                                  | CUSIP: 87157D109<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | EC               | CORP              | US        |     25131 | NS      | $1628991.42   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| American Superconductor Corp                   | American Superconductor Corp                   | CUSIP: 030111207<br>LEI: 549300S9YT8Z8LOK4452 | Long             | EC               | CORP              | US        |    109360 | NS      | $4012418.40   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Workiva Inc                                    | Workiva Inc                                    | CUSIP: 98139A105<br>LEI: 529900RTOQ8GRWHY1O58 | Long             | EC               | CORP              | US        |     14468 | NS      | $990334.60    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Dorman Products Inc                            | Dorman Products Inc                            | CUSIP: 258278100<br>LEI: 2549000O0BBUX740XR59 | Long             | EC               | CORP              | US        |     21451 | NS      | $2631394.17   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Knife River Corp                               | Knife River Corp                               | CUSIP: 498894104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21190 | NS      | $1729951.60   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Intapp Inc                                     | Intapp Inc                                     | CUSIP: 45827U109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25679 | NS      | $1325549.98   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Silicon Laboratories Inc                       | Silicon Laboratories Inc                       | CUSIP: 826919102<br>LEI: 4PRDF8Q9TDHRVZKZSZ47 | Long             | EC               | CORP              | US        |     23691 | NS      | $3491105.76   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| ANI Pharmaceuticals Inc                        | ANI Pharmaceuticals Inc                        | CUSIP: 00182C103<br>LEI: 5493000T6CXTND40YH31 | Long             | EC               | CORP              | US        |     45201 | NS      | $2949365.25   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Clean Harbors Inc                              | Clean Harbors Inc                              | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |      9853 | NS      | $2277816.54   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CyberArk Software Ltd                          | CyberArk Software Ltd                          | CUSIP: 000000000<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |      2389 | NS      | $972036.32    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Russell 2000 Growth ETF                | iShares Russell 2000 Growth ETF                | CUSIP: 464287648<br>LEI: 549300CPJOUVKWJGSH44 | Long             | EC               | RF                | US        |      6807 | NS      | $1945849.02   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TransMedics Group Inc                          | TransMedics Group Inc                          | CUSIP: 89377M109<br>LEI: 549300060GVOSMWARH50 | Long             | EC               | CORP              | US        |     10599 | NS      | $1420371.99   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Government Portfolio                  | Fidelity Government Portfolio                  | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |    706294 | NS      | $706294.13    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corp                          | Encompass Health Corp                          | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |     32193 | NS      | $3947827.59   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                     | MSILF Government Portfolio                     | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |    706294 | NS      | $706294.11    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Sportradar Group AG                            | Sportradar Group AG                            | CUSIP: 000000000<br>LEI: 549300H1P33YOAT7Z533 | Long             | EC               | CORP              | CH        |     74532 | NS      | $2092858.56   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Genius Sports Ltd                              | Genius Sports Ltd                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |    145052 | NS      | $1508540.80   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| WisdomTree Inc                                 | WisdomTree Inc                                 | CUSIP: 97717P104<br>LEI: 549300WIU8IS7UFO7871 | Long             | EC               | CORP              | US        |    190380 | NS      | $2191273.80   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Technical Institute                  | Universal Technical Institute Inc              | CUSIP: 913915104<br>LEI: 2549003YOJGAZ0PVFV48 | Long             | EC               | CORP              | US        |    148933 | NS      | $5047339.37   | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Inc                                     | Vertex Inc                                     | CUSIP: 92538J106<br>LEI: 549300QMYW171MP1PL50 | Long             | EC               | CORP              | US        |     53442 | NS      | $1888373.07   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI Inc                                        | ATI Inc                                        | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |     37154 | NS      | $3207876.36   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| AAR Corp                                       | AAR Corp                                       | CUSIP: 000361105<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | EC               | CORP              | US        |     37559 | NS      | $2583683.61   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Everus Construction Group Inc                  | Everus Construction Group Inc                  | CUSIP: 300426103<br>LEI: 2549006JMMHR0KILT425 | Long             | EC               | CORP              | US        |     49174 | NS      | $3124024.22   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearwater Analytics Holdings                  | Clearwater Analytics Holdings Inc              | CUSIP: 185123106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    129130 | NS      | $2831820.90   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Veracyte Inc                                   | Veracyte Inc                                   | CUSIP: 92337F107<br>LEI: 529900ESWZRHXOW27Z37 | Long             | EC               | CORP              | US        |     62762 | NS      | $1696456.86   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment Inc                              | AeroVironment Inc                              | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |      5792 | NS      | $1650430.40   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| AvePoint Inc                                   | AvePoint Inc                                   | CUSIP: 053604104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    183295 | NS      | $3539426.45   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorp                       | Western Alliance Bancorp                       | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |     30614 | NS      | $2387279.72   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Construction Partners Inc                      | Construction Partners Inc                      | CUSIP: 21044C107<br>LEI: 549300MHLFL4E8JLZU44 | Long             | EC               | CORP              | US        |     35270 | NS      | $3748495.60   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co                        | Modine Manufacturing Co                        | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |     16898 | NS      | $1664453.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries Inc                           | Chart Industries Inc                           | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |     16478 | NS      | $2713102.70   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| IMAX Corp                                      | IMAX Corp                                      | CUSIP: 45245E109<br>LEI: 5493002KS2T1Q0X7VZ21 | Long             | EC               | CORP              | CA        |    144205 | NS      | $4031971.80   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Rubrik Inc                                     | Rubrik Inc                                     | CUSIP: 781154109<br>LEI: 254900TRGK2WTBYMYU27 | Long             | EC               | CORP              | US        |     20958 | NS      | $1877627.22   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Rambus Inc                                     | Rambus Inc                                     | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |     13661 | NS      | $874577.22    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheesecake Factory Inc/The                     | Cheesecake Factory Inc/The                     | CUSIP: 163072101<br>LEI: 529900872XMLK10SY247 | Long             | EC               | CORP              | US        |     13964 | NS      | $874984.24    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corp                                 | Flowserve Corp                                 | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |     44382 | NS      | $2323397.70   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| SailPoint Inc                                  | SailPoint Inc                                  | CUSIP: 78781J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     72578 | NS      | $1659133.08   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| ACV Auctions Inc                               | ACV Auctions Inc                               | CUSIP: 00091G104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    190965 | NS      | $3097452.30   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Palomar Holdings Inc                           | Palomar Holdings Inc                           | CUSIP: 69753M105<br>LEI: 549300DOI1MUW11BLX74 | Long             | EC               | CORP              | US        |     23101 | NS      | $3563329.25   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| ExlService Holdings Inc                        | ExlService Holdings Inc                        | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |     38675 | NS      | $1693578.25   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Lane Inc                              | Hamilton Lane Inc                              | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Long             | EC               | CORP              | US        |     13528 | NS      | $1922599.36   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GeneDx Holdings Corp                           | GeneDx Holdings Corp                           | CUSIP: 81663L200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34365 | NS      | $3172233.15   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Financial Square Government Fund | Goldman Sachs Financial Square Government Fund | CUSIP: 38141W273<br>LEI: 549300BRJMXN4GUWZ402 | Long             | STIV             | RF                | US        |    706294 | NS      | $706293.61    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmony Biosciences Holdings I                 | Harmony Biosciences Holdings Inc               | CUSIP: 413197104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15072 | NS      | $476275.20    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Itron Inc                                      | Itron Inc                                      | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |     25747 | NS      | $3389077.61   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| OSI Systems Inc                                | OSI Systems Inc                                | CUSIP: 671044105<br>LEI: DDX3MPX1Y8YD30050X33 | Long             | EC               | CORP              | US        |     24886 | NS      | $5595865.96   | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity FedFund                    | BlackRock Liquidity FedFund                    | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |    706294 | NS      | $706294.07    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Caris Life Sciences Inc                        | Caris Life Sciences Inc                        | CUSIP: 142152107<br>LEI: 549300LX5LO78M5VPY43 | Long             | EC               | CORP              | US        |     14553 | NS      | $388856.16    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Life Time Group Holdings Inc                   | Life Time Group Holdings Inc                   | CUSIP: 53190C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     58767 | NS      | $1782403.11   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| CareDx Inc                                     | CareDx Inc                                     | CUSIP: 14167L103<br>LEI: 549300NQOFKL9NON0U06 | Long             | EC               | CORP              | US        |     59167 | NS      | $1156123.18   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Vericel Corp                                   | Vericel Corp                                   | CUSIP: 92346J108<br>LEI: 54930076YM3PLTDR4B91 | Long             | EC               | CORP              | US        |     72196 | NS      | $3071939.80   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                                     | Kirby Corp                                     | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |     13591 | NS      | $1541355.31   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-25

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

**Signature:** Dan Geatens

**Name of Signer:** Dan Geatens

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