Ivy Nomura VIP Asset Strategy Series: Service

Objective And Strategy

Objective
Total return.

Strategy
The Fund may invest in any market that it believes offers a high probability of return or, alternatively, that provides a high degree of safety in uncertain times. Dependent on the outlook for the U.S. and global economies, makes top down allocations among stocks, bonds, cash, precious metals (for defensive purposes) and currency markets around the globe. After determining allocations, seeks attractive opportunities within each market.

Principal Risks

* This portfolio is subject to the risks of concentrating a portfolio in a specific sector of the market. Changes in the specific sector will have a significant effect on the portfolio's net asset value.