# EDGAR Filing Document

**Accession Number:** 0000810016
**File Stem:** 0001752724-25-206433
**Filing Date:** 2025-8
**Character Count:** 8842
**Document Hash:** f3f949d83f464331765f932c384118f9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-206433.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-206433

**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:** 251258232

**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 Pathfinder Moderate - Managed Volatility Series (Series ID: S000041732)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000129560 | 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:** Macquarie VIP Pathfinder Moderate - Managed Volatility Series

- **b. EDGAR series identifier (if any):** S000041732

- **c. LEI of Series:** 5493004XXVFTI6WDMH60

**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:** $355303808.33

**Total Liabilities:** $117752.86

**Net Assets:** $355186055.47

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000129560 | -0.93%               | 2.33%                | 3.29%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-12028953.84            | $8325942.25                                |
| Month 2  | $597816.42               | $-14524968.36                              |
| Month 3  | $300991.50               | $11440974.94                               |

**Designated Index Information**

- **Index Name:** 45% RS3000 / 25% LEH_CREDIT / 20% MS_EAFE USD Index

- **Index Identifier:** RUMIBBUSD

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Delaware VIP Growth and Income Series - Standard | Delaware VIP Growth and Income Series - Standard | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1405633 | NS      | $45711176.90  | 12.87%            |  |  |  | No            |                  1 | On Loan: No      |
| Macquarie VIP Corporate Bond Series              | Macquarie VIP Corporate Bond Series              | CUSIP: 46600H307<br>LEI: 80M6N2TK2SP4KMW7RP03 | Long             | EC               | RF                | US        |  18458852 | NS      | $84172365.87  | 23.70%            |  |  |  | No            |                  1 | On Loan: No      |
| Delaware Ivy VIP Small Cap Core Class S          | Delaware Ivy VIP Small Cap Core Class S          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |    836043 | NS      | $10366936.05  | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Macquarie VIP High Income Series                 | Macquarie VIP High Income Series                 | CUSIP: 46600H620<br>LEI: N/A                  | Long             | EC               | RF                | US        |    928460 | NS      | $2618256.07   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Macquarie VIP Core Equity Series                 | Macquarie VIP Core Equity Series                 | CUSIP: 46600H406<br>LEI: 1O0KE92B2QJ305IPCS48 | Long             | EC               | RF                | US        |   4859819 | NS      | $63760824.26  | 17.95%            |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Government Portfolio                    | Fidelity Government Portfolio                    | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |   1768685 | NS      | $1768685.07   | 0.50%             |  |  |  | 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        |   1768685 | NS      | $1768685.21   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Macquarie VIP Value Series                       | Macquarie VIP Value Series                       | CUSIP: 46600H760<br>LEI: AWONQDLF30HQ3RDWG969 | Long             | EC               | RF                | US        |   4208891 | NS      | $17340631.98  | 4.88%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity FedFund                      | BlackRock Liquidity FedFund                      | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |   1768685 | NS      | $1768685.07   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                       | MSILF Government Portfolio                       | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |   1768685 | NS      | $1768685.07   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Macquarie VIP Limited-Term Bond Series           | Macquarie VIP Limited-Term Bond Series           | CUSIP: 46600H687<br>LEI: 549300IQNBLPUI8O5C25 | Long             | EC               | RF                | US        |   7269326 | NS      | $33511593.66  | 9.43%             |  |  |  | No            |                  1 | On Loan: No      |
| DELAWARE IVY VIP INTERNATIONAL CORE EQUITY       | DELAWARE IVY VIP INTERNATIONAL CORE EQUITY       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   3711576 | NS      | $69777636.21  | 19.65%            |  |  |  | No            |                  1 | On Loan: No      |
| Macquarie VIP Growth Series                      | Macquarie VIP Growth Series                      | CUSIP: 46600H802<br>LEI: Z8006IQHVKEASPHFNK61 | Long             | EC               | RF                | US        |   2302735 | NS      | $20931861.51  | 5.89%             |  |  |  | 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