# EDGAR Filing Document

**Accession Number:** 0000814230
**File Stem:** 0002071844-26-000570
**Filing Date:** 2026-5
**Character Count:** 12868
**Document Hash:** eeffe8fb08e7a41d4326cffc53c6818e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071844-26-000570.hdr.sgml**: 20260520

**ACCESSION NUMBER**: 0002071844-26-000570

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260520

**DATE AS OF CHANGE**: 20260520

**EFFECTIVENESS DATE**: 20260520

**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:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-11466
- **FILM NUMBER:** 261003740

**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
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DELAWARE VIP TRUST
- **CENTRAL INDEX KEY:** 0000814230

**ORGANIZATION NAME:**
- **EIN:** 232470518
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-14363
- **FILM NUMBER:** 261003741

**BUSINESS ADDRESS:**
- **STREET 1:** 100 INDEPENDENCE
- **STREET 2:** 610 MARKET STREET
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19106-2354
- **BUSINESS PHONE:** 18005231918

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DELAWARE GROUP PREMIUM FUND
- **DATE OF NAME CHANGE:** 20000428

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DELAWARE PREMIUM FUND
- **DATE OF NAME CHANGE:** 20000224

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DELAWARE GROUP PREMIUM FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Nomura VIP Asset Strategy Series (Series ID: S000006224)

---

|  |  |
|:---|:---|
| Class Name | Class ID   |
| Service    | C000017158 |
| Standard   | C000190645 |

---

### Nomura VIP Balanced Series (Series ID: S000006235)

---

|  |  |
|:---|:---|
| Class Name | Class ID   |
| Service    | C000017169 |

---

### Nomura VIP Corporate Bond Series (Series ID: S000006237)

---

|  |  |
|:---|:---|
| Class Name | Class ID   |
| Service    | C000017171 |

---

### Nomura VIP Limited-Term Bond Series (Series ID: S000029766)

---

|  |  |
|:---|:---|
| Class Name | Class ID   |
| Service    | C000091476 |

---

### Nomura VIP Total Return Series (Series ID: S000065940)

---

|  |  |
|:---|:---|
| Class Name | Class ID   |
| Service    | C000212994 |
| Standard   | C000212995 |

---

### Nomura VIP Investment Grade Series (Series ID: S000065947)

---

|  |  |
|:---|:---|
| Class Name | Class ID   |
| Standard   | C000213002 |
| Service    | C000213003 |

---

### Nomura VIP Limited Duration Bond Series (Series ID: S000065948)

---

|  |  |
|:---|:---|
| Class Name | Class ID   |
| Standard   | C000213004 |

---

## Series and Classes Contracts Data

### Nomura VIP Asset Strategy Series (Series ID: S000006224)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000017158 | Service      |  |
| C000190645 | Standard     |  |

### Nomura VIP Balanced Series (Series ID: S000006235)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000017169 | Service      |  |

### Nomura VIP Corporate Bond Series (Series ID: S000006237)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000017171 | Service      |  |

### Nomura VIP Limited-Term Bond Series (Series ID: S000029766)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000091476 | Service      |  |

### Nomura VIP Total Return Series (Series ID: S000065940)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000212994 | Service      |  |
| C000212995 | Standard     |  |

### Nomura VIP Investment Grade Series (Series ID: S000065947)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000213002 | Standard     |  |
| C000213003 | Service      |  |

### Nomura VIP Limited Duration Bond Series (Series ID: S000065948)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000213004 | Standard     |  |

**IVY VARIABLE INSURANCE PORTFOLIOS**

**Nomura VIP Asset Strategy Series**

**Nomura VIP Balanced Series**

**Nomura VIP Corporate Bond Series**

**Nomura VIP Limited-Term Bond Series**

**DELAWARE VIP TRUST**

**Nomura VIP Investment Grade Series**

**Nomura VIP Limited Duration Bond Series**

**Nomura VIP Total Return Series**

**(each a "Series")**

**Supplement to the current Summary Prospectus, Statutory Prospectus, and Statement of Additional Information ("SAI") for each Series, as may be amended**

<u>Sub-Advisor Appointment for Each Series</u>

On or about June 15, 2026 ("Effective Date"), Nomura Corporate Research and Asset Management Inc. ("NCRAM" or the "Sub-Advisor"), located at 309 West 49<sup>th</sup> Street, New York, NY 10019, will become a sub-advisor to each Series and the changes described below will become effective. On the Effective Date, NCRAM is added as a Sub-Advisor to all applicable sections of each Series' Summary Prospectus, Statutory Prospectus, and SAI.

<u>Additional Series Changes (Effective on or about June 15, 2026)</u>

<u>With respect to each Series:</u>

*Under the "Series Summary – What are the Series' principal investment strategies?" section of the Series' Prospectus, the following information is added.*

The Manager has appointed Nomura Corporate Research and Asset Management Inc. ("NCRAM") to serve as a sub-advisor for the Series. NCRAM is responsible for the day-to-day investment management of the portion of the Series that invests in high-yield, fixed income securities. The Manager may change this allocation at any time. NCRAM selects investments for its portion of the Series based on NCRAM's own investment style and strategy.

*Under the "Series Summary – Who manages the Series?" section of the Prospectus, the following information is added:*

**Sub-advisor**

Nomura Corporate Research and Asset Management Inc.

*Under the "How we manage the Series – Our principal investment strategies" section of the Series' Prospectus, the following information is added:*

The Manager has appointed Nomura Corporate Research and Asset Management Inc. ("NCRAM") to serve as a sub-advisor for the Series. NCRAM is responsible for the day-to-day investment management of the portion of the Series that invests in high-yield, fixed income securities. The Manager may change this allocation at any time. NCRAM selects investments for its portion of the Series based on NCRAM's own investment style and strategy.

In selecting high-yield, fixed income securities, NCRAM uses a "Strong Horse" investment philosophy where the goal is to find companies that can carry their debt loads through the economic cycle,

------

generating strong, sustainable cash flows that enables them to de-lever their balance sheets and improve their ratings. NCRAM follows an investment decision making process that follows three basic steps: (1) idea generation where NCRAM seeks to identify trends in the market or situations where bond prices differ from fundamental risks; (2) credit research where NCRAM analyzes business risk, financial risk, bond deal structure, and sustainability risk; and (3) portfolio construction, where NCRAM considers the top-down attributes of the portfolios, especially the ratings, industry and duration posture, while choosing investments driven by bottom-up fundamental research.

*The following information is added to the end of the list of sub-advisors under the "Who manages the Series – Sub-Advisors" section of the Series' Prospectus:*

*Nomura Corporate Research and Asset Management Inc.* 

Nomura Corporate Research and Asset Management Inc. (NCRAM), located at 309 West 49<sup>th</sup> Street, New York, NY, 10019, serves as a sub-advisor for the Nomura VIP Asset Strategy Series, Nomura VIP Balanced Series, Nomura VIP Corporate Bond Series, Nomura VIP Limited-Term Bond Series, Nomura VIP Investment Grade Series, Nomura VIP Limited Duration Bond Series, and Nomura VIP Total Return Series.

***Statement of Additional Information***

*In the Statement of Additional Information under the "Investment Manager and Other Service Providers—Sub-Advisors" section, the following disclosure is added at the beginning of the section:*

*Nomura Corporate Research and Asset Management Inc.* 

NCRAM, an SEC-registered investment adviser located at 309 West 49<sup>th</sup> Street, New York, NY, 10019, serves as a sub-advisor for the Nomura VIP Asset Strategy Series, Nomura VIP Balanced Series, Nomura VIP Corporate Bond Series, Nomura VIP Limited-Term Bond Series, Nomura VIP Investment Grade Series, Nomura VIP Limited Duration Bond Series, and Nomura VIP Total Return Series.

*In the Statement of Additional Information under the "Portfolio Managers – Other Accounts Managed" section, the following information is added:*

**Other Accounts Managed**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp; No. of Accounts  | &nbsp;&nbsp; Total Assets Managed  | &nbsp;&nbsp; No. of Accounts with Performance-Based Fees  | &nbsp;&nbsp; Total Assets in Accounts with Performance-Based Fees  |
| &nbsp;&nbsp; **David Crall**  | &nbsp;&nbsp; **David Crall**  | &nbsp;&nbsp; **David Crall**  | &nbsp;&nbsp; **David Crall**  | &nbsp;&nbsp; **David Crall**  |
| &nbsp;&nbsp; Registered Investment Companies  | &nbsp;&nbsp; 3  | &nbsp;&nbsp; $2.1 billion  | &nbsp;&nbsp; 0  | &nbsp;&nbsp; $0  |
| &nbsp;&nbsp; Other Pooled Investment Vehicles  | &nbsp;&nbsp; 0  | &nbsp;&nbsp; $0  | &nbsp;&nbsp; 0  | &nbsp;&nbsp; $0  |
| &nbsp;&nbsp; Other Accounts  | &nbsp;&nbsp; 0  | &nbsp;&nbsp; $0  | &nbsp;&nbsp; 0  | &nbsp;&nbsp; $0  |
| &nbsp;&nbsp; **Stephen Kotsen**  | &nbsp;&nbsp; **Stephen Kotsen**  | &nbsp;&nbsp; **Stephen Kotsen**  | &nbsp;&nbsp; **Stephen Kotsen**  | &nbsp;&nbsp; **Stephen Kotsen**  |
| &nbsp;&nbsp; Registered Investment Companies  | &nbsp;&nbsp; 4  | &nbsp;&nbsp; $2.1 billion  | &nbsp;&nbsp; 0  | &nbsp;&nbsp; $0  |
| &nbsp;&nbsp; Other Pooled Investment Vehicles  | &nbsp;&nbsp; 14  | &nbsp;&nbsp; $7.7 billion  | &nbsp;&nbsp; 0  | &nbsp;&nbsp; $0  |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; Other Accounts  | &nbsp;&nbsp; 31  | &nbsp;&nbsp; $22.1 billion  | &nbsp;&nbsp; 4  | &nbsp;&nbsp; $2.0 billion  |
| &nbsp;&nbsp; **Amy Yu Chang**  | &nbsp;&nbsp; **Amy Yu Chang**  | &nbsp;&nbsp; **Amy Yu Chang**  | &nbsp;&nbsp; **Amy Yu Chang**  | &nbsp;&nbsp; **Amy Yu Chang**  |
| &nbsp;&nbsp; Registered Investment Companies  | &nbsp;&nbsp; 2  | &nbsp;&nbsp; $1.9 billion  | &nbsp;&nbsp; 0  | &nbsp;&nbsp; $0  |
| &nbsp;&nbsp; Other Pooled Investment Vehicles  | &nbsp;&nbsp; 2  | &nbsp;&nbsp; $1.8 billion  | &nbsp;&nbsp; 0  | &nbsp;&nbsp; $0  |
| &nbsp;&nbsp; Other Accounts  | &nbsp;&nbsp; 9  | &nbsp;&nbsp; $2.4 billion  | &nbsp;&nbsp; 1  | &nbsp;&nbsp; $545.5 million  |
| &nbsp;&nbsp; **Christopher Parham**  | &nbsp;&nbsp; **Christopher Parham**  | &nbsp;&nbsp; **Christopher Parham**  | &nbsp;&nbsp; **Christopher Parham**  | &nbsp;&nbsp; **Christopher Parham**  |
| &nbsp;&nbsp; Registered Investment Companies  | &nbsp;&nbsp; 0  | &nbsp;&nbsp; $0  | &nbsp;&nbsp; 0  | &nbsp;&nbsp; $0  |
| &nbsp;&nbsp; Other Pooled Investment Vehicles  | &nbsp;&nbsp; 6  | &nbsp;&nbsp; $1 billion  | &nbsp;&nbsp; 0  | &nbsp;&nbsp; $0  |
| &nbsp;&nbsp; Other Accounts  | &nbsp;&nbsp; 0  | &nbsp;&nbsp; $0  | &nbsp;&nbsp; 0  | &nbsp;&nbsp; $0  |

---

As of March 31, 2026

*In the Statement of Additional Information under the "Portfolio Managers – Ownership of Series Shares" section, the following information is added with respect to NCRAM:*

**Ownership of Series Shares - NCRAM**

As of March 31, 2026, the NCRAM portfolio managers did not beneficially own any shares of the Series.

***Because everyone's tax situation is unique, you should consult your tax professional about federal, state, local or foreign tax consequences before making an investment in a Series or acting on a distribution check (if applicable).***

***Please keep this Supplement for future reference.***

**This Supplement is dated May 20, 2026.**