# EDGAR Filing Document

**Accession Number:** 0000810016
**File Stem:** 0000940400-26-008394
**Filing Date:** 2026-2
**Character Count:** 10201
**Document Hash:** 7a2135f046004961e4ca47ad1e8d20d6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-008394.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0000940400-26-008394

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**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:** 26684145

**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 Pathfinder Moderately Aggressive - Managed Volatility Series (Series ID: S000041733)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000129561 | Service      |  |

## 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 Pathfinder Moderately Aggressive - Managed Volatility Series

- **b. EDGAR series identifier (if any):** S000041733

- **c. LEI of Series:** 549300J4Y5SUMAK5ZO86

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

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

- **b. Date as of which information is reported:** 2025-12-31

**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:** $48238983.54

**Total Liabilities:** $34815.55

**Net Assets:** $48204167.99

**Cash Not Reported:** $160000.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000129561 | 0.61%                | 0.41%                | 1.01%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $79726.04                | $174454.93                                 |
| Month 2  | $-560046.83              | $841596.36                                 |
| Month 3  | $-193012.33              | $610715.91                                 |

**Designated Index Information**

- **Index Name:** 50% RS3000 / 25% MS_EAFE / 20% LEH_CREDIT USD Index

- **Index Identifier:** RUBBGVUSD

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CHICAGO MERCANTILE EXCHANGE INC.               | E-MINI RUSS 2000                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |        -1 | NC      | $3742.23      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Focused International Core ETF          | Nomura Focused International Core ETF          | CUSIP: 555927607<br>LEI: 254900QDNMJZ954GCT23 | Long             | EC               | RF                | US        |     42284 | NS      | $1099367.09   | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity FedFund                    | BlackRock Liquidity FedFund                    | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |    202136 | NS      | $202135.74    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Government Portfolio                  | Fidelity Government Portfolio                  | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |    202136 | NS      | $202135.68    | 0.42%             |  |  |  | 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        |    202135 | NS      | $202135.49    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura VIP Growth and Income Series            | Nomura VIP Growth and Income Series            | CUSIP: 000000000<br>LEI: 5493001WPRSYIVK9CR96 | Long             | EC               | RF                | US        |    163088 | NS      | $6229952.85   | 12.92%            |  |  |  | No            |                  1 | On Loan: No      |
| Nomura VIP International Core Equity Series    | Nomura VIP International Core Equity Series    | CUSIP: 000000000<br>LEI: KUNXJZNR9Y2ZBTGW9Z22 | Long             | EC               | RF                | US        |    560787 | NS      | $10851230.54  | 22.51%            |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                     | MSILF Government Portfolio                     | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |    202136 | NS      | $202135.68    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura VIP Value Series                        | Nomura VIP Value Series                        | CUSIP: 46600H760<br>LEI: AWONQDLF30HQ3RDWG969 | Long             | EC               | RF                | US        |    333039 | NS      | $1475361.91   | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.               | S&P500 EMINI                                   | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |        -6 | NC      | $-1171.62     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Nomura VIP Smid Cap Core Series                | Nomura VIP Smid Cap Core Series                | CUSIP: 000000000<br>LEI: ZRJY0CYFDPH4SGPRYA91 | Long             | EC               | RF                | US        |    124300 | NS      | $1683017.22   | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura VIP Corporate Bond Series               | Nomura VIP Corporate Bond Series               | CUSIP: 46600H307<br>LEI: 80M6N2TK2SP4KMW7RP03 | Long             | EC               | RF                | US        |   1553039 | NS      | $7283753.45   | 15.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Nomura VIP Core Equity Series                  | Nomura VIP Core Equity Series                  | CUSIP: 46600H406<br>LEI: 1O0KE92B2QJ305IPCS48 | Long             | EC               | RF                | US        |    736724 | NS      | $10299405.39  | 21.37%            |  |  |  | No            |                  1 | On Loan: No      |
| Nomura VIP Science and Technology Series       | Nomura VIP Science and Technology Series       | CUSIP: 46600H588<br>LEI: RNYLYVW3SXLUIGIWEY29 | Long             | EC               | RF                | US        |     82418 | NS      | $2765948.08   | 5.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura VIP Limited-Term Bond Series            | Nomura VIP Limited-Term Bond Series            | CUSIP: 46600H687<br>LEI: 549300IQNBLPUI8O5C25 | Long             | EC               | RF                | US        |    375386 | NS      | $1768070.37   | 3.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura VIP High Income Series                  | Nomura VIP High Income Series                  | CUSIP: 46600H620<br>LEI: N/A                  | Long             | EC               | RF                | US        |     81023 | NS      | $238208.65    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Focused Large Growth ETF                | Nomura Focused Large Growth ETF                | CUSIP: 555927409<br>LEI: 254900MZL9N2UVO5W196 | Long             | EC               | RF                | US        |    120425 | NS      | $3564580.00   | 7.39%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-25

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

**Signature:** Dan Geatens

**Name of Signer:** Dan Geatens

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