Value
Data updated: 2026-08-24
C000017170 — Value. United States Large Cap Value Equity · $138.63M AUM · 0.98% expense ratio. Holdings, fees, performance and SEC filings.
C000017170 Fund Overview
Value is a US mutual fund managed by Ivy Variable Insurance Portfolios, categorised as United States Large Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Ivy Variable Insurance Portfolios
- Category: United States Large Cap Value Equity
- Assets under management: $138.63M
- 1-year return: 13.9%
- SEC CIK: 0000810016
- SEC series ID: S000006236
- Share class ID: C000017170
C000017170 Investment Objective and Strategy
Value describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Ivy Variable Insurance Portfolios.
Investment objective
Nomura VIP Value Series seeks to provide capital appreciation.
Principal investment strategy
Nomura VIP Value Series seeks to achieve its objective by investing in the common stocks of primarily large-capitalization companies that the Manager believes are undervalued, trading at a significant discount relative to the intrinsic value of the company as estimated by the Manager and/or are out of favor in the financial markets but have a favorable outlook for capital appreciation. Although the Series primarily invests in securities issued by large-capitalization companies (typically, companies with market capitalizations of at least $5 billion at the time of acquisition), it may invest in securities issued by companies of any size. Typically, the Manager seeks to select securities that it believes are undervalued in relation to their intrinsic value, as indicated by multiple factors, including the earnings and cash flow potential or the asset value of the respective issuers.
The Manager also considers a companys plans for future operations on a selective basis. The Manager may sell a security if it no longer believes the security will contribute to meeting the investment objective of the Series. The Series typically holds a limited number of stocks (generally 30 to 35).
C000017170 Holdings
Top 10 holdings of Value by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Microsoft Corp. | 4.01% |
| Carrier Global Corp. | 3.64% |
| Amazon.com, Inc. | 3.37% |
| Ppg Industries, Inc. | 3.26% |
| Wells Fargo & Company | 3.24% |
| Alphabet, Inc. | 3.19% |
| Teledyne Technologies, Inc. | 3.18% |
| Progressive Corp. (the) | 3.17% |
| Bank Of America Corp. | 3.16% |
| Duke Energy Corp. | 3.14% |
C000017170 Portfolio Allocation
Asset-class allocation of Value by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.9% |
| Cash & Equivalents | 1.2% |
C000017170 Performance
Total returns for C000017170 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 5.9% |
| 1 year | 13.9% |
| 3 years (annualised) | 8.7% |
| 5 years (annualised) | 4.9% |
C000017170 Risk Information
Risk metrics for C000017170, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.2%
C000017170 Costs and Fees
C000017170 costs about $98 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.98%
- Gross expense ratio: 1.04%
- Portfolio turnover: 36%
- Brokerage commissions: 3.27 bps of average net assets (SEC N-CEN)
C000017170 Cashflows
Over the 12 months to 2026-06, Value had net outflows of $67.47M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$15.33M |
| 2026-05 | $1.55M |
| 2026-04 | −$292.43K |
| 2026-03 | −$2.60M |
| 2026-02 | −$3.62M |
| 2026-01 | −$2.49M |
C000017170 Debt Constituents
No individual debt constituents are reported in Value's latest SEC N-PORT filing.
C000017170 Prospectus and SEC Filings
Official Value filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-29
- Prospectus (485BPOS) — filed 2025-04-29
- Prospectus (485BPOS) — filed 2024-04-29
- Portfolio holdings (N-PORT) — filed 2026-08-24
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-26
- Annual census (N-CEN) — filed 2026-03-16
- Annual census (N-CEN) — filed 2025-03-14
Related Funds
Other United States Large Cap Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.