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Summary

Data quoted is past performance and current performance may be lower or higher. Past performance is no guarantee of future results. Investment return and principal value of an investment will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Performance data quoted does not reflect any expenses or charges associated with owning a variable life insurance policy or variable annuity contract that invests in the Portfolio's shares. When such charges are deducted, actual investment performance in a variable annuity will be lower.

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Prices & Returns
POP as of 6/18/2018
Average Annual Total Returns
POP as of 5/31/2018
Expense
Ratios
Ivy VIP Asset Strategy $9.71 ($0.02) 3.74% 13.01% 1.61% 3.61% 3.72% 9.05% 5/1/1995 1.01% 1.01%
Ivy VIP Balanced $7.98 ($0.02) 3.63% 8.15% 3.62% 6.78% 6.42% 7.53% 5/3/1994 1.01% 1.01%
Ivy VIP Core Equity 1 $12.27 $0.00 8.45% 18.59% 8.31% 11.00% 8.74% 9.62% 7/16/1991 0.95% 1.00%
Ivy VIP Corporate Bond 2 $5.08 $0.00 -2.91% -1.28% 1.51% 1.60% 3.53% 5.71% 7/13/1987 0.78% 0.78%
Ivy VIP Energy $5.93 $0.09 1.10% 15.07% -2.47% -0.21% -1.65% 2.41% 5/1/2006 1.19% 1.19%
Ivy VIP Global Bond $4.73 $0.00 -1.82% 0.47% 1.46% 1.66% 1.95% 8/23/2010 1.12% 1.12%
Ivy VIP Global Equity Income 3 $7.62 ($0.04) -2.40% 6.89% 5.05% 8.14% 5.08% 7.06% 11/20/2003 1.00% 1.00%
Ivy VIP Global Growth 4 $10.10 ($0.02) 9.25% 17.53% 7.35% 8.67% 4.41% 7.40% 5/3/1994 1.13% 1.17%
Ivy VIP Government Money Market $1.00 $0.00 0.59% 0.96% 0.42% 0.26% 0.34% 3.06% 7/13/1987 0.40% 0.40%
Ivy VIP Growth $12.28 $0.02 13.98% 23.72% 13.48% 15.92% 9.92% 11.12% 7/13/1987 0.99% 0.99%
Ivy VIP High Income $3.48 $0.00 2.10% 3.72% 4.32% 4.59% 8.03% 7.55% 7/13/1987 0.91% 0.91%
Ivy VIP International Core Equity $17.56 ($0.13) -1.57% 6.95% 3.32% 7.79% 3.80% 8.08% 5/19/1992 1.16% 1.16%
Ivy VIP Limited-Term Bond $4.77 $0.00 -0.58% -0.34% 0.82% 0.80% 1.26% 8/23/2010 0.80% 0.80%
Ivy VIP Micro Cap Growth 5 $27.79 $0.19 23.97% 24.42% 8.80% 11.23% 9.67% 8.35% 10/1/1997 1.32% 1.32%
Ivy VIP Mid Cap Growth 6 $12.85 ($0.01) 15.97% 26.68% 10.23% 11.96% 11.06% 11.25% 4/28/2005 1.10% 1.15%
Ivy VIP Natural Resources 7 $4.50 $0.04 -2.60% 10.93% -2.10% -2.11% -6.16% 2.05% 4/28/2005 1.21% 1.21%
Ivy VIP Pathfinder Aggressive $5.10 ($0.01) 6.02% 14.24% 7.65% 9.69% 6.93% 7.23% 3/4/2008 1.09% 1.09%
Ivy VIP Pathfinder Conservative $5.06 $0.00 2.58% 6.90% 4.18% 5.34% 4.71% 4.91% 3/13/2008 0.86% 0.86%
Ivy VIP Pathfinder Mod - Managed Volatility $5.72 ($0.01) 2.88% 8.59% 4.29% 5.71% 8/1/2013 1.12% 1.12%
Ivy VIP Pathfinder Mod Agg - Managed Volatility $5.60 ($0.01) 3.46% 9.96% 4.90% 6.41% 8/1/2013 1.22% 1.22%
Ivy VIP Pathfinder Mod Con - Managed Volatility $5.48 ($0.01) 2.60% 7.51% 3.62% 4.78% 8/1/2013 1.12% 1.12%
Ivy VIP Pathfinder Moderate $5.26 ($0.01) 3.47% 9.52% 5.52% 7.22% 5.77% 5.83% 3/4/2008 0.94% 0.94%
Ivy VIP Pathfinder Moderately Aggressive $5.44 ($0.01) 4.12% 10.99% 6.27% 8.20% 6.27% 6.65% 3/4/2008 0.99% 0.99%
Ivy VIP Pathfinder Moderately Conservative $5.20 $0.00 3.30% 8.53% 4.89% 6.33% 5.30% 5.56% 3/12/2008 0.90% 0.90%
Ivy VIP Science and Technology $30.60 ($0.07) 13.46% 24.63% 9.48% 13.96% 11.63% 14.46% 4/4/1997 1.15% 1.15%
Ivy VIP Securian Real Estate Securities 9 $6.78 $0.00 -2.96% 0.12% 3.87% 6.49% 5.49% 8.00% 5/27/2004 1.22% 1.31%
Ivy VIP Small Cap Core 10 $16.75 $0.09 11.02% 17.49% 13.86% 12.40% 10.43% 8.84% 10/1/1997 1.15% 1.15%
Ivy VIP Small Cap Growth 11 $11.54 $0.08 16.69% 25.65% 8.02% 12.60% 8.48% 10.56% 5/3/1994 1.14% 1.17%
Ivy VIP Value $6.27 ($0.02) 2.21% 10.30% 5.91% 8.86% 7.52% 6.97% 5/1/2001 1.00% 1.00%

1 Fee Waiver and/or Expense Reimbursement: Through April 30, 2018, Ivy Investment Management Company (IICO), the Portfolio's investment manager, Ivy Distributors, Inc. (IDI), the Portfolio's distributor, and/or Waddell & Reed Services Company, doing business as WI Services Company (WISC), the Portfolio's transfer agent, have contractually agreed to reimburse sufficient management fees, 12b-1 fees and/or shareholder servicing fees to cap the total annual ordinary portfolio operating expenses (which would exclude interest, taxes, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, if any) for Class II shares at 0.95%. Prior to that date, the expense limitation may not be terminated without the consent of the Board of Trustees.

2 Effective Apr. 30, 2018, Ivy VIP Bond was renamed Ivy VIP Corporate Bond.

3 Effective Apr. 30, 2018, Ivy VIP Dividend Opportunities was renamed Ivy VIP Global Equity Income.

4 Fee Waiver and/or Expense Reimbursement: Through April 30, 2018, Ivy Investment Management Company (IICO), the Portfolio's investment manager, Ivy Distributors, Inc. (IDI), the Portfolio's distributor, and/or Waddell & Reed Services Company, doing business as WI Services Company (WISC), the Portfolio's transfer agent, have contractually agreed to reimburse sufficient management fees, 12b-1 fees and/or shareholder servicing fees to cap the total annual ordinary portfolio operating expenses (which would exclude interest, taxes, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, if any) for Class II shares at 1.13%. Prior to that date, the expense limitation may not be terminated without the consent of the Board of Trustees.

5 Fee Waiver and/or Expense Reimbursement: Through April 30, 2018, Waddell & Reed Services Company (doing business as WI Services Company (WISC)), the Portfolio's transfer agent, has contractually agreed to reimburse sufficient shareholder servicing fees to ensure that the total annual ordinary portfolio operating expenses (which would exclude interest, taxes, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, if any) of the Class I shares are at all times equal to the total annual ordinary portfolio operating expenses of the Class II shares less 0.25%, as calculated at the end of each month. Prior to that date, the expense limitation may not be terminated without the consent of the Board of Trustees.

6 Fee Waiver and/or Expense Reimbursement: Through April 30, 2018, Ivy Investment Management Company (IICO), the Portfolio's investment manager, Ivy Distributors, Inc. (IDI), the Portfolio's distributor, and/or Waddell & Reed Services Company, doing business as WI Services Company (WISC), the Portfolio's transfer agent, have contractually agreed to reimburse sufficient management fees, Rule 12b-1 fees (Class II only) and/or shareholder servicing fees to cap the total annual ordinary portfolio operating expenses (which would exclude interest, taxes, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, if any) as follows: Class I Shares at 0.85% and Class II Shares at 1.10%. Prior to that date, the expense limitation may not be terminated without the consent of the Board of Trustees.

7 Ivy VIP Global Natural Resources was renamed Ivy VIP Natural Resources on April 28, 2017.

9 Effective April 30, 2018, the name of the VIP IvyAdvantus Real Estate Securities Fund changed to Ivy VIP Securian Real Estate Securities Fund.

10 Prior to April 28, 2017, Ivy VIP Small Cap Core was known as Ivy VIP Small Cap Value and its benchmark was the Russell 2000 Value Index. The Portfolio's benchmark is now the Russell 2000 Index. These changes were made to more closely align with the Portfolio's investment objectives. Portfolio performance after April 28, 2017, may significantly differ from prior performance due to changes made to the Portfolio's investment strategies.

11 Fee Waiver and/or Expense Reimbursement: Through April 30, 2018, Ivy Investment Management Company (IICO), the Portfolio's investment manager, Ivy Distributors, Inc. (IDI), the Portfolio's distributor, and/or Waddell & Reed Services Company, doing business as WI Services Company (WISC), the Portfolio's transfer agent, have contractually agreed to reimburse sufficient management fees, 12b-1 fees and/or shareholder servicing fees to cap the total annual ordinary portfolio operating expenses (which would exclude interest, taxes, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, if any) for Class II shares at 1.14%. Prior to that date, the expense limitation may not be terminated without the consent of the Board of Trustees.

Yields

Yields as of 5/31/2018
Ivy VIP Asset Strategy 1.24% 1.24%
Ivy VIP Balanced 1.59% 1.59%
Ivy VIP Core Equity 0.46% 0.46%
Ivy VIP Corporate Bond 2.15% 2.15% 3.23% 3.23%
Ivy VIP Energy 0.67% 0.67%
Ivy VIP Global Bond 2.91% 2.91% 3.06% 2.40%
Ivy VIP Global Equity Income 1.66% 1.66%
Ivy VIP Global Growth 0.46% 0.46%
Ivy VIP Government Money Market
Ivy VIP Growth 0.03% 0.03%
Ivy VIP High Income 6.73% 6.73% 6.46% 6.46%
Ivy VIP International Core Equity 1.53% 1.53%
Ivy VIP Limited-Term Bond 1.69% 1.69% 2.28% 2.28%
Ivy VIP Micro Cap Growth 0.00% 0.00%
Ivy VIP Mid Cap Growth 0.00% 0.00%
Ivy VIP Natural Resources 0.29% 0.29%
Ivy VIP Pathfinder Aggressive 1.78% 1.78%
Ivy VIP Pathfinder Conservative 1.14% 1.14%
Ivy VIP Pathfinder Mod - Managed Volatility 0.97% 0.97%
Ivy VIP Pathfinder Mod Agg - Managed Volatility 1.31% 1.31%
Ivy VIP Pathfinder Mod Con - Managed Volatility 0.91% 0.91%
Ivy VIP Pathfinder Moderate 1.39% 1.39%
Ivy VIP Pathfinder Moderately Aggressive 1.74% 1.74%
Ivy VIP Pathfinder Moderately Conservative 1.33% 1.33%
Ivy VIP Science and Technology 0.00% 0.00%
Ivy VIP Securian Real Estate Securities 1.59% 1.59%
Ivy VIP Small Cap Core 0.11% 0.11%
Ivy VIP Small Cap Growth 0.38% 0.38%
Ivy VIP Value 1.89% 1.89%

Rankings

Rankings (Fund/Category) as of 5/31/2018
Ivy VIP Asset Strategy Alternative Other Funds 6/79 51/74 22/49 12/17
Ivy VIP Balanced Mixed-Asset Target Alloc Growth Funds 123/233 197/213 134/184 53/127
Ivy VIP Core Equity Large-Cap Core Funds 4/178 131/173 115/165 32/131
Ivy VIP Corporate Bond Corporate Debt Funds A Rated 15/15 8/15 13/15 11/13
Ivy VIP Energy Natural Resources Funds 19/36 25/35 16/31 9/22
Ivy VIP Global Bond VA Global Income Funds 34/73 44/68 21/64
Ivy VIP Global Equity Income Equity Income Funds 52/75 62/73 56/63 49/53
Ivy VIP Global Growth VA Global Large-Cap Growth 14/27 23/25 25/25 23/23
Ivy VIP Government Money Market VA Money Market Funds 13/64 11/62 10/61 7/57
Ivy VIP Growth Large-Cap Growth Funds 52/205 114/197 87/194 78/163
Ivy VIP High Income High Current Yield Funds 9/109 20/105 18/100 1/77
Ivy VIP International Core Equity International Large-Cap Core 10/18 4/16 1/16 1/11
Ivy VIP Limited-Term Bond VA Short-Intmdt Investment Grade Debt Funds 21/31 19/31 26/29
Ivy VIP Micro Cap Growth Small-Cap Growth Funds 53/91 74/89 75/84 46/73
Ivy VIP Mid Cap Growth Mid-Cap Growth Funds 5/88 38/84 57/83 6/70
Ivy VIP Natural Resources Natural Resources Funds 31/36 23/35 18/31 21/22
Ivy VIP Pathfinder Aggressive Mixed-Asset Target Alloc Growth Funds 1/233 22/213 10/184 29/127
Ivy VIP Pathfinder Conservative VUF Mixed-Asset Target Alloc Conservative Funds 2/141 25/135 12/125 31/77
Ivy VIP Pathfinder Mod - Managed Volatility VUF Mixed-Asset Target Alloc Moderate Funds 38/265 157/246
Ivy VIP Pathfinder Mod Agg - Managed Volatility VUF Mixed-Asset Target Alloc Moderate Funds 11/265 113/246
Ivy VIP Pathfinder Mod Con - Managed Volatility VUF Mixed-Asset Target Alloc Moderate Funds 72/265 209/246
Ivy VIP Pathfinder Moderate VUF Mixed-Asset Target Alloc Moderate Funds 17/265 63/246 49/218 56/133
Ivy VIP Pathfinder Moderately Aggressive VUF Mixed-Asset Target Alloc Moderate Funds 8/265 36/246 22/218 36/133
Ivy VIP Pathfinder Moderately Conservative VUF Mixed-Asset Target Alloc Moderate Funds 40/265 115/246 100/218 74/133
Ivy VIP Science and Technology Science & Technology Funds 24/39 32/38 31/38 23/37
Ivy VIP Securian Real Estate Securities Real Estate Funds 39/44 25/44 19/43 29/40
Ivy VIP Small Cap Core VA Small-Cap Core Funds 74/167 2/160 28/152 13/125
Ivy VIP Small Cap Growth Small-Cap Growth Funds 46/91 81/89 51/84 64/73
Ivy VIP Value Large-Cap Value Funds 44/120 94/117 87/111 40/90

Ticker Symbols & Fund Codes

Ivy VIP Asset Strategy 46600H109 852
Ivy VIP Balanced 46600H208 860
Ivy VIP Core Equity 46600H406 857
Ivy VIP Corporate Bond 46600H307 854
Ivy VIP Energy 46600H604 870
Ivy VIP Global Bond 46600H695 872
Ivy VIP Global Equity Income 46600H505 865
Ivy VIP Global Growth 46600H877 858
Ivy VIP Government Money Market 46600H836 853
Ivy VIP Growth 46600H802 856
Ivy VIP High Income 46600H885 855
Ivy VIP International Core Equity 46600H869 862
Ivy VIP Limited-Term Bond 46600H687 871
Ivy VIP Micro Cap Growth 46600H844 863
Ivy VIP Mid Cap Growth 46600H851 869
Ivy VIP Natural Resources 46600H703 868
Ivy VIP Pathfinder Aggressive 46600H752 845
Ivy VIP Pathfinder Conservative 46600H711 846
Ivy VIP Pathfinder Mod - Managed Volatility 46600H679 842
Ivy VIP Pathfinder Mod Agg - Managed Volatility 46600H661 843
Ivy VIP Pathfinder Mod Con - Managed Volatility 46600H653 844
Ivy VIP Pathfinder Moderate 46600H737 847
Ivy VIP Pathfinder Moderately Aggressive 46600H745 848
Ivy VIP Pathfinder Moderately Conservative 46600H729 849
Ivy VIP Science and Technology 46600H794 851
Ivy VIP Securian Real Estate Securities 46600H810 866
Ivy VIP Small Cap Core 46600H778 864
Ivy VIP Small Cap Growth 46600H786 859
Ivy VIP Value 46600H760 850

Documents & Prospectuses

Fund Name Fund Fact Sheet Summary Prospectus Prospectus XBRL Annual
Report
Semi-Annual Report SAI Quarterly
Fund
Commentary
Ivy VIP Asset Strategy Fund Fact Sheet (PDF Document) Summary Prospectus (PDF Document) Prospectus (PDF Document) XBRL (External Link) Annual Report (PDF Document) Semi-Annual Report (PDF Document) SAI (PDF Document) Quarterly Fund Commentary (PDF Document)
Ivy VIP Balanced Fund Fact Sheet (PDF Document) Summary Prospectus (PDF Document) Prospectus (PDF Document) XBRL (External Link) Annual Report (PDF Document) Semi-Annual Report (PDF Document) SAI (PDF Document) Quarterly Fund Commentary (PDF Document)
Ivy VIP Core Equity Fund Fact Sheet (PDF Document) Summary Prospectus (PDF Document) Prospectus (PDF Document) XBRL (External Link) Annual Report (PDF Document) Semi-Annual Report (PDF Document) SAI (PDF Document) Quarterly Fund Commentary (PDF Document)
Ivy VIP Corporate Bond Fund Fact Sheet (PDF Document) Summary Prospectus (PDF Document) Prospectus (PDF Document) XBRL (External Link) Annual Report (PDF Document) Semi-Annual Report (PDF Document) SAI (PDF Document) Quarterly Fund Commentary (PDF Document)
Ivy VIP Energy Fund Fact Sheet (PDF Document) Summary Prospectus (PDF Document) Prospectus (PDF Document) XBRL (External Link) Annual Report (PDF Document) Semi-Annual Report (PDF Document) SAI (PDF Document) Quarterly Fund Commentary (PDF Document)
Ivy VIP Global Bond Fund Fact Sheet (PDF Document) Summary Prospectus (PDF Document) Prospectus (PDF Document) XBRL (External Link) Annual Report (PDF Document) Semi-Annual Report (PDF Document) SAI (PDF Document) Quarterly Fund Commentary (PDF Document)
Ivy VIP Global Equity Income Fund Fact Sheet (PDF Document) Summary Prospectus (PDF Document) Prospectus (PDF Document) XBRL (External Link) Annual Report (PDF Document) Semi-Annual Report (PDF Document) SAI (PDF Document) Quarterly Fund Commentary (PDF Document)
Ivy VIP Global Growth Fund Fact Sheet (PDF Document) Summary Prospectus (PDF Document) Prospectus (PDF Document) XBRL (External Link) Annual Report (PDF Document) Semi-Annual Report (PDF Document) SAI (PDF Document) Quarterly Fund Commentary (PDF Document)
Ivy VIP Government Money Market Summary Prospectus (PDF Document) Prospectus (PDF Document) XBRL (External Link) Annual Report (PDF Document) Semi-Annual Report (PDF Document) SAI (PDF Document)
Ivy VIP Growth Fund Fact Sheet (PDF Document) Summary Prospectus (PDF Document) Prospectus (PDF Document) XBRL (External Link) Annual Report (PDF Document) Semi-Annual Report (PDF Document) SAI (PDF Document) Quarterly Fund Commentary (PDF Document)
Ivy VIP High Income Fund Fact Sheet (PDF Document) Summary Prospectus (PDF Document) Prospectus (PDF Document) XBRL (External Link) Annual Report (PDF Document) Semi-Annual Report (PDF Document) SAI (PDF Document) Quarterly Fund Commentary (PDF Document)
Ivy VIP International Core Equity Fund Fact Sheet (PDF Document) Summary Prospectus (PDF Document) Prospectus (PDF Document) XBRL (External Link) Annual Report (PDF Document) Semi-Annual Report (PDF Document) SAI (PDF Document) Quarterly Fund Commentary (PDF Document)
Ivy VIP Limited-Term Bond Fund Fact Sheet (PDF Document) Summary Prospectus (PDF Document) Prospectus (PDF Document) XBRL (External Link) Annual Report (PDF Document) Semi-Annual Report (PDF Document) SAI (PDF Document) Quarterly Fund Commentary (PDF Document)
Ivy VIP Micro Cap Growth Fund Fact Sheet (PDF Document) Summary Prospectus (PDF Document) Prospectus (PDF Document) XBRL (External Link) Annual Report (PDF Document) Semi-Annual Report (PDF Document) SAI (PDF Document) Quarterly Fund Commentary (PDF Document)
Ivy VIP Mid Cap Growth Fund Fact Sheet (PDF Document) Summary Prospectus (PDF Document) Prospectus (PDF Document) XBRL (External Link) Annual Report (PDF Document) Semi-Annual Report (PDF Document) SAI (PDF Document) Quarterly Fund Commentary (PDF Document)
Ivy VIP Natural Resources Fund Fact Sheet (PDF Document) Summary Prospectus (PDF Document) Prospectus (PDF Document) XBRL (External Link) Annual Report (PDF Document) Semi-Annual Report (PDF Document) SAI (PDF Document) Quarterly Fund Commentary (PDF Document)
Ivy VIP Pathfinder Aggressive Fund Fact Sheet (PDF Document) Summary Prospectus (PDF Document) Prospectus (PDF Document) XBRL (External Link) Annual Report (PDF Document) Semi-Annual Report (PDF Document) SAI (PDF Document)
Ivy VIP Pathfinder Conservative Fund Fact Sheet (PDF Document) Summary Prospectus (PDF Document) Prospectus (PDF Document) XBRL (External Link) Annual Report (PDF Document) Semi-Annual Report (PDF Document) SAI (PDF Document)
Ivy VIP Pathfinder Mod - Managed Volatility Summary Prospectus (PDF Document) Prospectus (PDF Document) XBRL (External Link) Annual Report (PDF Document) Semi-Annual Report (PDF Document) SAI (PDF Document)
Ivy VIP Pathfinder Mod Agg - Managed Volatility Summary Prospectus (PDF Document) Prospectus (PDF Document) XBRL (External Link) Annual Report (PDF Document) Semi-Annual Report (PDF Document) SAI (PDF Document)
Ivy VIP Pathfinder Mod Con - Managed Volatility Summary Prospectus (PDF Document) Prospectus (PDF Document) XBRL (External Link) Annual Report (PDF Document) Semi-Annual Report (PDF Document) SAI (PDF Document)
Ivy VIP Pathfinder Moderate Fund Fact Sheet (PDF Document) Summary Prospectus (PDF Document) Prospectus (PDF Document) XBRL (External Link) Annual Report (PDF Document) Semi-Annual Report (PDF Document) SAI (PDF Document)
Ivy VIP Pathfinder Moderately Aggressive Fund Fact Sheet (PDF Document) Summary Prospectus (PDF Document) Prospectus (PDF Document) XBRL (External Link) Annual Report (PDF Document) Semi-Annual Report (PDF Document) SAI (PDF Document)
Ivy VIP Pathfinder Moderately Conservative Fund Fact Sheet (PDF Document) Summary Prospectus (PDF Document) Prospectus (PDF Document) XBRL (External Link) Annual Report (PDF Document) Semi-Annual Report (PDF Document) SAI (PDF Document)
Ivy VIP Science and Technology Fund Fact Sheet (PDF Document) Summary Prospectus (PDF Document) Prospectus (PDF Document) XBRL (External Link) Annual Report (PDF Document) Semi-Annual Report (PDF Document) SAI (PDF Document) Quarterly Fund Commentary (PDF Document)
Ivy VIP Securian Real Estate Securities Fund Fact Sheet (PDF Document) Summary Prospectus (PDF Document) Prospectus (PDF Document) XBRL (External Link) Annual Report (PDF Document) Semi-Annual Report (PDF Document) SAI (PDF Document) Quarterly Fund Commentary (PDF Document)
Ivy VIP Small Cap Core Fund Fact Sheet (PDF Document) Summary Prospectus (PDF Document) Prospectus (PDF Document) XBRL (External Link) Annual Report (PDF Document) Semi-Annual Report (PDF Document) SAI (PDF Document) Quarterly Fund Commentary (PDF Document)
Ivy VIP Small Cap Growth Fund Fact Sheet (PDF Document) Summary Prospectus (PDF Document) Prospectus (PDF Document) XBRL (External Link) Annual Report (PDF Document) Semi-Annual Report (PDF Document) SAI (PDF Document) Quarterly Fund Commentary (PDF Document)
Ivy VIP Value Fund Fact Sheet (PDF Document) Summary Prospectus (PDF Document) Prospectus (PDF Document) XBRL (External Link) Annual Report (PDF Document) Semi-Annual Report (PDF Document) SAI (PDF Document) Quarterly Fund Commentary (PDF Document)