Energy
Data updated: 2026-08-24
C000190650 — Energy. Global (incl. US) Multi-Cap / All-Cap Blend / Core Energy Equity · $89.72M AUM. Holdings, fees, performance and SEC filings.
C000190650 Fund Overview
Energy is a US mutual fund managed by Ivy Variable Insurance Portfolios, categorised as Global (incl. US) Multi-Cap / All-Cap Blend / Core Energy 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: Global (incl. US) Multi-Cap / All-Cap Blend / Core Energy Equity
- Assets under management: $89.72M
- 1-year return: 29.8%
- SEC CIK: 0000810016
- SEC series ID: S000011749
- Share class ID: C000190650
C000190650 Investment Objective and Strategy
Energy describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Ivy Variable Insurance Portfolios.
Investment objective
Nomura VIP Energy Series seeks to provide capital growth and appreciation.
Principal investment strategy
Nomura VIP Energy Series seeks to achieve its objective by investing, under normal circumstances, at least 80% of its net assets in securities of companies within the energy sector, which includes all aspects of the energy industry, such as exploration, discovery, production, distribution or infrastructure of energy and/or alternative energy sources. These companies may include, but are not limited to, oil companies; oil and gas drilling, equipment, and services companies; oil and gas exploration and production companies; oil and gas storage and transportation companies; natural gas pipeline companies; refinery companies; energy conservation companies; coal companies; transporters; utilities; alternative energy companies; and innovative energy technology companies. The Series also may invest in companies that are not within the energy sector but that are engaged in the development of products and services to enhance energy efficiency in the manufacturing, development, and/or providing of products and services.
The Series is nondiversified, meaning that it may invest a significant portion of its total assets in a limited number of issuers. After conducting a top-down (assessing the market environment) market analysis of the energy industry and geopolitical issues and then identifying trends and sectors, the Van Eck Associates Corporation (the Sub-advisor) uses a research-oriented, bottom-up (researching individual issuers) investment approach when selecting securities for the Series, focusing on company fundamentals and growth prospects. The Series invests in a blend of value and growth companies across the capitalization spectrum, which may include companies that are offered in initial public offerings (IPOs), and emphasizes companies that the Sub-advisor believes are strongly managed and can generate above average capital growth and appreciation.
While the Sub-advisor typically seeks to invest a majority of the Series assets in U.S. securities, the Series may invest up to 100% of its total assets in foreign securities. The Series typically holds a limited number of stocks (generally 35 to 50). Many of the companies in which the Series may invest have diverse operations, with products or services in foreign markets. Therefore, the Series may have indirect exposure to various foreign markets through investments in these companies, potentially including companies domiciled or traded or doing business in emerging markets, even if the Series is not invested directly in such markets. Generally, in determining whether to sell a security, the Sub-advisor uses the same type of analysis that it uses in buying securities to determine whether the security has ceased to offer significant growth potential, has sufficiently exceeded its target price, has become overvalued and/or whether the prospects of the issuer have deteriorated.
The Sub-advisor also will consider the effect of commodity price trends on certain holdings, poor capital management or whether a company has experienced a change or deterioration in its fundamentals, its valuation or its competitive advantage. The Sub-advisor also may sell a security to take advantage of what it believes are more attractive investment opportunities, to reduce the Series holding in that security or to raise cash.
C000190650 Holdings
Top 10 holdings of Energy by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Canadian Natural Resources Ltd. | 5.93% |
| Ovintiv, Inc. | 5.73% |
| Diamondback Energy, Inc. | 5.68% |
| Permian Resources Corp. | 5.63% |
| Conocophillips | 5.58% |
| Exxonmobil Holdings Corp. | 5.31% |
| Bp PLC | 4.86% |
| Slb Ltd. | 4.82% |
| Expand Energy Corp. | 4.74% |
| Totalenergies SE | 4.16% |
C000190650 Portfolio Allocation
Asset-class allocation of Energy by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.5% |
| Cash & Equivalents | 1.4% |
C000190650 Performance
Total returns for C000190650 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 16.9% |
| 1 year | 29.8% |
| 3 years (annualised) | 9.7% |
| 5 years (annualised) | 14.4% |
C000190650 Risk Information
Risk metrics for C000190650, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 20.2%
C000190650 Costs and Fees
C000190650 costs about $85 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.85%
- Gross expense ratio: 1.06%
- Portfolio turnover: 59%
- Brokerage commissions: 9.37 bps of average net assets (SEC N-CEN)
C000190650 Cashflows
Over the 12 months to 2026-06, Energy had net outflows of $1.86M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$3.30M |
| 2026-05 | −$7.82M |
| 2026-04 | −$10.19M |
| 2026-03 | $14.33M |
| 2026-02 | $7.84M |
| 2026-01 | $2.50M |
C000190650 Debt Constituents
No individual debt constituents are reported in Energy's latest SEC N-PORT filing.
C000190650 Prospectus and SEC Filings
Official Energy 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 Global (incl. US) Multi-Cap / All-Cap Blend / Core Energy 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.