Delaware VIP Covered Call Strategy Series

C000212991 Fund Overview

Delaware VIP Covered Call Strategy Series is a US mutual fund managed by Delaware VIP Trust, categorised as Developed ex-US Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Delaware VIP Trust
• Category: Developed ex-US Blend / Core Equity
• Assets under management: $18.43M
• 1-year return: -4.7%
• SEC CIK: 0000814230
• SEC series ID: S000065937
• Share class ID: C000212991

C000212991 Investment Objective and Strategy

Delaware VIP Covered Call Strategy Series describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Delaware VIP Trust.

Investment objective

Delaware VIP Covered Call Strategy Series seeks long-term capital appreciation.

Principal investment strategy

The Series invests in a portfolio of equity securities and writes (sells) call options on those securities. Under normal circumstances, the Series writes (sells) call options on at least 80% of the Series total assets (80% policy). The Series normally writes (sells) covered call options listed on US exchanges on the equity securities held by the Series to seek to lower the overall volatility of the Series portfolio, protect the Series from market declines and generate income. The call options written (sold) by the Series will generally have an exercise price that is above the market price of the underlying security at the time the option is written (sold). The Series equity investments consist primarily of common stocks of large-size US companies (companies over $10 billion in market capitalization), certain of which may pay dividends, and US dollar-denominated equity securities of foreign issuers (i.e., American Depositary Receipts (ADRs)) traded on US securities exchanges.

To a lesser extent, the Series may also invest in and write (sell) covered call options on securities of mid- and small-capitalization issuers and exchange-traded funds (ETFs) that track certain market indices, such as the S&P 500. The nature of the Series is such that it may be expected to underperform equity markets during periods of sharply rising equity prices; conversely, the Series seeks to reduce losses relative to equity markets during periods of declining equity prices. A call option gives the purchaser of the option the right to buy, and the writer, in this case, the Series, the obligation to sell, the underlying security at the exercise price at any time prior to the expiration of the contract, regardless of the market price of the underlying security during the option period.

Covered call options may be sold up to the number of shares of the equity securities held by the Series. In selecting investments, Ziegler Capital Management, LLC (ZCM), the Series sub-advisor, considers the following, among other criteria: a) companies in an industry with a large market share or significant revenues that fit the Series investment strategy; b) companies with new products or new management to replace underperforming management; c) recent or anticipated fundamental improvements in industry environment; and d) companies that are out of favor. Call options written by the Series are designed to create income, lower the overall volatility of the Series portfolio and mitigate the impact of market declines. ZCM considers several factors when writing (selling) call options, including the overall equity market outlook, sector and/or industry attractiveness, individual security considerations, and relative and/or historical levels of option premiums.

Premiums received for a call option the Series writes will be treated as a short-term capital gain if the option expires. The Series may sell a security based on the following, among other criteria: a) an actual or anticipated significant decline in an issuers profitability and/or a significant negative outlook from management; b) a large appreciation in the stock price that leads to overvaluation relative to itself and its peers historically; c) significant management turnover at the senior level; or d) an industry-wide decrease in demand for an issuers products or services. ZCM writes call options based upon its outlook on the economy and stock market and analysis of individual stocks, which can impact the exercise price and expiration of a call option. Generally, higher implied volatility will lead to longer expirations, locking in potentially higher call premiums, whereas lower implied volatility will tend to lead to shorter-dated options.

The writing of covered call options may result in frequent trading and a high portfolio turnover rate. Additionally, from time to time, in pursuing its investment strategies, the Series may hold significant investments (25% or more of its assets) in a specific market sector, including the information technology sector.

C000212991 Performance

Total returns for C000212991 (as of 2026-10-01), from SEC filings.

C000212991 Risk Information

Risk metrics for C000212991, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 21.1%

C000212991 Costs and Fees

C000212991 costs about $123 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.23%
• Gross expense ratio: 1.23%
• Portfolio turnover: 56%
• Brokerage commissions: 2.28 bps of average net assets (SEC N-CEN)

C000212991 Cashflows

Over the 12 months to 2020-09, Delaware VIP Covered Call Strategy Series had net inflows of $5.36M, from monthly SEC N-PORT filings.

C000212991 Debt Constituents

No individual debt constituents are reported in Delaware VIP Covered Call Strategy Series's latest SEC N-PORT filing.

C000212991 Prospectus and SEC Filings

Official Delaware VIP Covered Call Strategy Series filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2020-05-15
• Prospectus (485BPOS) — filed 2019-10-25
• Prospectus supplement (497) — filed 2019-08-08
• Portfolio holdings (N-PORT) — filed 2020-11-25
• Portfolio holdings (N-PORT) — filed 2020-08-21
• Portfolio holdings (N-PORT) — filed 2020-05-28
• Annual census (N-CEN) — filed 2020-03-12

Related Funds

Other Developed ex-US Blend / Core Equity funds tracked on ABC INVEST:

• State Street International Stock Selection Fund (SSAIX)
• Columbia Pyrford International Stock Fund (PISJX)
• Core Market Neutral Fund (STTKX)
• Long Cramer Tracker ETF (LJIM)
• Baillie Gifford International Smaller Companies Fund (BICKX)

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.