Nomura VIP Pathfinder Conservative Series(formerly, Macquarie VIP Pathfinder Conservative Series)*

Key features

Macquarie VIP Pathfinder Conservative Series seeks to achieve its objective by allocating its assets among asset classes so that approximately 35-55% of the value of the Series' assets are in equities (in stocks of various capitalization levels, but primarily large-capitalization stocks and with a maximum of 15% allocated to international/global stocks) and approximately 45-65% of the Series' assets are in fixed income (including cash).

Daily pricing as of 06/01/2026

NAV
$4.70
NAV 1-day net change
0.01
Max offer price
$4.70

Total net assets as of 04/30/2026

All share classes
$61.4 million

Overview

Series information
Inception date 03/13/2008
Dividends paid (if any) Annual
Series identifiers
CUSIP 46600H711

35% Russell 3000® / 35% Bloomberg US Credit Index / 20% Bloomberg 1-3 Year US Government/Credit Index / 10% MSCI EAFE Index (view definition)

Russell 3000® Index (view definition)

Bloomberg US Credit Index (view definition)

Bloomberg 1-3 Year US Government/Credit Index (view definition)

MSCI EAFE Index (view definition)

Performance

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted.

Total returns may reflect waivers and/or expense reimbursements by the manager and/or distributor (as applicable) for some or all of the periods shown. Performance would have been lower without such waivers and reimbursements.

Average annual total return as of month-end (04/30/2026)

YTD 1 year 3 year 5 year 10 year Lifetime Inception date
NAV (%) (view definition) 3.49% 14.29% 9.60% 4.76% 6.65% 5.58% 03/13/2008
Max offer price (%) 3.49% 14.29% 9.60% 4.76% 6.65% 5.58%
Blend Index - Pathfinder Conservative (%) 2.88% 15.45% 11.38% 5.83% 7.51% n/a
Bloomberg 1-3 Year US Government/Credit Index (%) 0.52% 3.42% 4.31% 2.07% 2.03% n/a
Bloomberg US Credit Index (%) -0.03% 5.25% 4.50% 0.65% 2.62% n/a
MSCI EAFE Index (Gross) (%) 6.36% 25.22% 15.88% 9.38% 9.39% n/a
Russell 3000 Index (%) 5.84% 31.01% 21.30% 11.91% 14.75% n/a

Average annual total return as of quarter-end (03/31/2026)

1 year 3 year 5 year 10 year Lifetime Inception date
NAV (%) (view definition) -1.97% 8.01% 8.04% 4.21% 6.14% 5.29% 03/13/2008
Max offer price (%) -1.97% 8.01% 8.04% 4.21% 6.14% 5.29%
Blend Index - Pathfinder Conservative (%) -1.57% 10.89% 10.12% 5.42% 7.14% n/a
Bloomberg 1-3 Year US Government/Credit Index (%) 0.28% 3.96% 4.35% 2.04% 2.02% n/a
Bloomberg US Credit Index (%) -0.48% 4.84% 4.62% 0.77% 2.70% n/a
MSCI EAFE Index (Gross) (%) -1.12% 21.88% 14.19% 8.45% 8.91% n/a
Russell 3000 Index (%) -3.96% 18.09% 17.86% 10.87% 13.72% n/a

Returns for less than one year are not annualized.

Index performance returns do not reflect any management fees, transaction costs, or expenses. Indices are unmanaged and one cannot invest directly in an index.

Calendar year total returns @ NAV

Year
Annual return
Year
Annual return
2025
10.44%
2024
8.05%
2023
12.53%
2022
-14.09%
2021
10.18%
2020
12.67%
2019
14.66%
2018
-1.93%
2017
10.51%
2016
2.84%

Expense ratio

Gross
0.96%
Net
0.96%

Net expense ratio reflects contractual waivers of certain fees and/or expense reimbursements from April 30, 2026 through April 29, 2027. Please see the fee table in the Fund's prospectus for more information.

The performance and expense ratio information shown represent the performance and fees as they relate to actual shares of the Series. These examples do not include any fees or sales charges imposed by the variable insurance contract for which the Series is an investment option. If they were included, your costs would be higher and performance would be lower. Investors should consult the contract prospectus or disclosure documents for more information.

Portfolio

Portfolio characteristics as of 04/30/2026

Number of holdings
12
Portfolio turnover (last fiscal year)
35%
Beta (relative to Blend Index - Pathfinder Conservative) (view definition)
1.02
Annualized standard deviation, 3 years (view definition)
7.86

Top 10 Underlying Funds (% of net assets) as of 04/30/2026

Holdings are as of the date indicated and subject to change.

List excludes cash and cash equivalents.

Holding
% of portfolio
Holding
% of portfolio
NOMURA VIP CORPORATE BOND SERIE
30.08
NOMURA VIP LIMITED-TERM BOND SE
17.71
NOMURA VIP CORE EQUITY SERIES
16.28
NOMURA VIP GROWTH & INCOME SERIES
9.53
NOMURA VIP INTL CORE EQ SERIES
9.00
MACQUARIE FOCUSED LARGE GROWTH ETF
4.54
NOMURA VIP SMID CAP CORE SERIES
3.69
NOMURA TRANSFORMATIONAL TECHNOLOGI
2.66
NOMURA VIP VALUE SERIES
2.22
NOMURA VIP SCIENCE AND TECHNOLO
1.99

Total % Fund in Top 10 holdings - 97.70%

Management

Stefan Lowenthal

Stefan Löwenthal, CFA

  • Chief Investment Officer of Global Multi-Asset
  • Start date on the Fund: November 2021
  • Years of industry experience: 18
  • Read bio
Jurgen Wurzer

Jürgen Wurzer, CFA

  • Deputy Head of Global Multi-Asset
  • Start date on the Fund: November 2021
  • Years of industry experience: 19
  • Read bio
Aaron Young

Aaron Young 

  • Senior Portfolio Manager – Global Multi-Asset
  • Start date on the Fund: October 2016
  • Years of industry experience: 21
  • Read bio

Fees

Annual portfolio operating expenses
Management fees 0.00%
Distribution and service (12b-1) fees none
Other expenses1 0.96%
Total annual series operating expenses 0.96%
Fee waivers and expense reimbursements2 none
Total annual series operating expenses after fee waivers and expense reimbursements 0.96%

1Other expenses contain a 0.82% acquired fund fees and expenses. Acquired fund fees and expenses sets forth the Series' pro rata portion of the cumulative expenses charged by the registered investment companies in which the Series invested during the last fiscal year. The actual Acquired fund fees and expenses will vary with changes in the allocations of the Series' assets. These expenses are not direct costs paid by Series shareholders, and are not used to calculate the Series' NAV.

2Net expense ratio reflects a contractual waiver of certain fees and/or expense reimbursements from April 30, 2026 through April 29, 2027. Please see the fee table in the Series' prospectus for more information.

Please see the prospectus and SAI for additional information.

Resources

*(formerly, Delaware Ivy VIP Pathfinder Conservative)

Effective May 1, 2024, Class II was renamed Service Class.

Carefully consider the Series' investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Series' prospectus and its summary prospectus, which may be obtained by visiting nomuraassetmanagement.com/vip-literature or calling 800 523-1918. Investors should read the prospectus and the summary prospectus carefully before investing.

Employees of the Manager's affiliates outside the US participate in the management of certain Series as “associated persons” of DMC under DMC's oversight, in accordance with SEC guidance as to “participating affiliate” arrangements. These associated persons may, on behalf of DMC, provide discretionary investment management services, trading, research and related services directly or indirectly to the Series.

Investing involves risk, including the possible loss of principal.

The prices of bonds and other fixed income securities will increase as interest rates fall and decrease as interest rates rise. Fixed income securities with longer maturities or duration generally are more sensitive to interest rate changes. An issuer of a fixed income security may be unable to make interest payments and/or repay principal in a timely manner. The principal on a fixed income security may be prepaid prior to maturity, which may require reinvestment at a lower interest rate. High yield securities (“junk bonds”) are subject to reduced creditworthiness of issuers, increased risk of default, and a more limited and less liquid secondary market. High yield securities may also be subject to greater price volatility and risk of loss of income and principal than higher-rated securities.

Natural or environmental disasters, such as earthquakes, fires, floods, hurricanes, tsunamis, and other severe weather-related phenomena generally, and widespread disease, including pandemics and epidemics, have been and can be highly disruptive to economies and markets, adversely impacting individual companies, sectors, industries, markets, currencies, interest and inflation rates, credit ratings, investor sentiment, and other factors affecting the value of the Series' investments. Given the increasing interdependence among global economies and markets, conditions in one country, market, or region are increasingly likely to adversely affect markets, issuers, and/or foreign exchange rates in other countries. These disruptions could prevent the Series from executing advantageous investment decisions in a timely manner and could negatively impact the Series' ability to achieve its investment objective. Any such event(s) could have a significant adverse impact on the value and risk profile of the Series.

Nomura VIP funds are not available for direct investment except for issuers of variable insurance product contracts. They are available only through the purchase of certain variable insurance products.

Frank Russell Company is the source and owner of the trademarks, service marks, and copyrights related to the Russell Indexes. Russell® is a trademark of Frank Russell Company.

Nothing presented should be construed as a recommendation to purchase or sell any security or follow any investment technique or strategy.

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