NPORT-P false 0000810016 XXXXXXXX S000029765 C000091475 Ivy Variable Insurance Portfolios 811-05017 0000810016 72XHPUAYSOH6ROSGJT53 6300 Lamar Avenue P.O. Box 29217 Shawnee Mission 66201 18007776472 Delaware Ivy VIP Global Bond S000029765 549300PXXX3SI0F6P964 2021-12-31 2021-09-30 N 20412990.93 15346.55 20397644.38 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 USD N Corporacion Andina de Fomento UKZ46SXGNYCZK0UOZE76 219868CB0 150000.00000000 PA USD 151630.89000000 0.743374515091 Long DBT CORP VE N 2 2022-02-11 Fixed 0.03250000 N N N N N N BBVA Bancomer S.A. N/A 05533UAG3 200000.00000000 PA USD 217616.00000000 1.066868290994 Long DBT CORP MX N 2 2034-09-13 Fixed 0.05875000 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 912828Z29 150000.00000000 PA USD 152636.72000000 0.748305623710 Long DBT UST US N 2 2023-01-15 Fixed 0.01500000 N N N N N N Fenix Power Peru S.A. 549300VBTI7WLU4G4642 N/A 165294.12360000 PA USD 169158.70000000 0.829305074883 Long DBT CORP PE N 2 2027-09-20 Fixed 0.04317000 N N N N N N JPMorgan Chase & Co. 8I5DZWZKVSZI1NUHU748 46647PAF3 118000.00000000 PA USD 128965.20000000 0.632255360459 Long DBT CORP US N 2 2028-05-01 Fixed 0.03540000 N N N N N N Banco Internacional del Peru S.A. 5493001TRCGXJLRLHN14 05968DAC4 200000.00000000 PA USD 205200.00000000 1.005998517167 Long DBT CORP PE N 2 2026-10-04 Fixed 0.03250000 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 91282CBC4 200000.00000000 PA USD 196015.62000000 0.960971847279 Long DBT UST US N 2 2025-12-31 Fixed 0.00375000 N N N N N N Teva Pharmaceutical Finance Netherlands III B.V. (GTD by Teva Pharmaceutical Industries Ltd.) 5493004T21MOAFINJP35 88167AAK7 200000.00000000 PA USD 228750.00000000 1.121453025351 Long DBT CORP NL N 2 2028-03-01 Fixed 0.06750000 N N N N Vale Overseas Ltd. 254900BA3U6G5DNV5V04 91911TAP8 150000.00000000 PA USD 177447.75000000 0.869942365374 Long DBT CORP KY N 2 2026-08-10 Fixed 0.06250000 N N N N N N Lenovo Group Ltd. 254900VUZRGD5U73RE46 526250AB1 200000.00000000 PA USD 208592.66000000 1.022631124035 Long DBT CORP US N 2 2030-11-02 Fixed 0.03421000 N N N N N N Enel Chile S.A. 549300YM5CWCAUVOPB53 29278DAA3 80000.00000000 PA USD 91764.00000000 0.449875477238 Long DBT CORP CL N 2 2028-06-12 Fixed 0.04875000 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 91282CBQ3 100000.00000000 PA USD 98332.03000000 0.482075420907 Long DBT UST US N 2 2026-02-28 Fixed 0.00500000 N N N N N N Brookfield Finance Inc. (GTD by Brookfield Asset Management Inc.) N/A 11271LAE2 100000.00000000 PA USD 115563.38000000 0.566552577577 Long DBT CORP CA N 2 2030-04-15 Fixed 0.04350000 N N N N N N JPMorgan Chase & Co. 8I5DZWZKVSZI1NUHU748 48128BAH4 50000.00000000 PA USD 50243.75000000 0.246321335267 Long DBT CORP US N 2 2168-10-01 Fixed 0.04000000 N N N N N StoneCo. Ltd. 549300O1A9LEF0XZCR35 861787AA7 200000.00000000 PA USD 193650.00000000 0.949374331625 Long DBT CORP US N 2 2028-06-16 Fixed 0.03950000 N N N N N N Keurig Dr Pepper Inc. DYTQ8KRTKO7Y2BVU5K74 49271VAF7 125000.00000000 PA USD 145205.59000000 0.711874309086 Long DBT CORP US N 2 2028-05-25 Fixed 0.04597000 N N N N N N Fresenius U.S. Finance II Inc. TRJSJR7WPAPZ2OYFQZ47 35804GAK4 75000.00000000 PA USD 78001.91000000 0.382406460995 Long DBT CORP US N 2 2023-01-15 Fixed 0.04500000 N N N N N N Reynolds American Inc. 02S2RPPVO9RP4NEU2740 761713BG0 100000.00000000 PA USD 110288.36000000 0.540691650199 Long DBT CORP US N 2 2025-06-12 Fixed 0.04450000 N N N N N N JBS Investments II GmbH (GTD by JBS S.A.) 529900V1Q46CPWIWT649 46650CAB5 200000.00000000 PA USD 210376.00000000 1.031373996333 Long DBT CORP AT N 2 2028-01-15 Fixed 0.05750000 N N N N N N Africa Finance Corp. 213800LXFHRRXIJRXW97 00830YAC5 200000.00000000 PA USD 219660.00000000 1.076889055950 Long DBT CORP NG N 2 2026-04-17 Fixed 0.04375000 N N N N N N Imperial Tobacco Finance plc 2138008L3B3MCG1DFS50 453140AE5 200000.00000000 PA USD 203950.26000000 0.999871633216 Long DBT CORP GB N 2 2022-07-21 Fixed 0.03750000 N N N N N N Corporacion Andina de Fomento UKZ46SXGNYCZK0UOZE76 219868CC8 30000.00000000 PA USD 30838.39000000 0.151186036120 Long DBT CORP VE N 2 2023-05-12 Fixed 0.02375000 N N N N N N Mitsubishi UFJ Financial Group Inc. 353800V2V8PUY9TK3E06 606822AR5 100000.00000000 PA USD 109217.26000000 0.535440553650 Long DBT CORP JP N 2 2027-07-25 Fixed 0.03287000 N N N N N N Orbia Advance Corp. S.A.B. de C.V. 549300MVHZ20SBIOEQ79 68560EAA6 200000.00000000 PA USD 200578.00000000 0.983339037897 Long DBT CORP US N 2 2026-05-11 Fixed 0.01875000 N N N N N N Meituan 21380033K525E5JLIA77 58533EAC7 200000.00000000 PA USD 185642.74000000 0.910118524186 Long DBT CORP KY N 2 2030-10-28 Fixed 0.03050000 N N N N N N Pampa Energia S.A. 254900QNIK0CVURGML24 697660AA6 150000.00000000 PA USD 138525.00000000 0.679122536991 Long DBT CORP AR N 2 2027-01-24 Fixed 0.07500000 N N N N N N Mexico Remittances Funding Fiduciary Estate 54930007WQ6S3GFCM563 593035AA6 200000.00000000 PA USD 198137.00000000 0.971371969766 Long DBT CORP LU N 2 2028-01-15 Fixed 0.04875000 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 91282CCR0 200000.00000000 PA USD 196156.25000000 0.961661289635 Long DBT UST US N 2 2028-07-31 Fixed 0.01000000 N N N N N N Republic of Argentina 549300KPBYGYF7HCHO27 040114HS2 242500.00000000 PA USD 89535.85000000 0.438951911956 Long DBT NUSS AR N 2 2030-07-09 Fixed 0.00125000 N N N N N N Petroleos Mexicanos 549300CAZKPF4HKMPX17 71654QDB5 80000.00000000 PA USD 84644.00000000 0.414969485804 Long DBT CORP MX N 2 2027-01-23 Fixed 0.06490000 N N N N N N Hyundai Capital Services Inc. 549300MALMDAGL2ZJJ27 44920UAK4 210000.00000000 PA USD 214661.64000000 1.052384461661 Long DBT CORP KR N 2 2022-08-29 Fixed 0.02983400 N N N N N N Power Finance Corp. Ltd. 3358003Q6D9LIJJZ1614 N/A 200000.00000000 PA USD 204492.93000000 1.002532087482 Long DBT CORP IN N 2 2029-09-16 Fixed 0.03900000 N N N N N N Mong Duong Finance Holdings B.V. 549300995KGQFMWSV879 60935DAA3 250000.00000000 PA USD 249551.25000000 1.223431712755 Long DBT CORP NL N 2 2029-05-07 Fixed 0.05125000 N N N N N N JSM Global S.a.r.l. 222100JFIJNVE1XMFY68 46592BAA0 200000.00000000 PA USD 203752.00000000 0.998899658235 Long DBT CORP LU N 2 2030-10-20 Fixed 0.04750000 N N N N N N Saudi Arabian Oil Co. 5586006WD91QHB7J4X50 80414L2G9 200000.00000000 PA USD 201455.00000000 0.987638553976 Long DBT CORP SA N 2 2023-11-24 Fixed 0.01250000 N N N N N N Alibaba Group Holding Ltd. 5493001NTNQJDH60PM02 01609WAT9 200000.00000000 PA USD 214398.44000000 1.051094116584 Long DBT CORP KY N 2 2027-12-06 Fixed 0.03400000 N N N N N N D.R. Horton Inc. 529900ZIUEYVSB8QDD25 23331ABN8 100000.00000000 PA USD 105023.54000000 0.514880728595 Long DBT CORP US N 2 2025-10-15 Fixed 0.02600000 N N N N N N Baidu Inc. 254900AL64IANZYI1E02 056752AV0 200000.00000000 PA USD 197657.59000000 0.969021649351 Long DBT CORP US N 2 2027-02-23 Fixed 0.01625000 N N N N N N Banco de Credito del Peru 549300EQYQ8SCQZ4BY14 05990GAA3 150000.00000000 PA USD 156487.50000000 0.767184176195 Long DBT CORP PE N 2 2023-04-01 Fixed 0.04250000 N N N N N N Dreyfus Institutional Preferred Government Money Market Fund - Institutional Shares N/A N/A 575200.02000000 NS USD 575200.02000000 2.819933563328 Long STIV RF XX N 1 N N N BAE Systems Holdings Inc. MF62XBVMNYTYMC18DL76 05523UAK6 75000.00000000 PA USD 81032.01000000 0.397261607715 Long DBT CORP US N 2 2024-10-07 Fixed 0.03800000 N N N N N N GeoPark Ltd. 529900ZR5QI19AH4KZ07 37255BAB5 200000.00000000 PA USD 197320.00000000 0.967366605300 Long DBT CORP BM N 2 2027-01-17 Fixed 0.05500000 N N N N N N Becle S.A.B. de C.V. 529900JY55CZKMJLCE09 47215TAA6 200000.00000000 PA USD 218050.00000000 1.068995987663 Long DBT CORP MX N 2 2025-05-13 Fixed 0.03750000 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 91282CAL5 300000.00000000 PA USD 286330.08000000 1.403740915694 Long DBT UST US N 2 2027-09-30 Fixed 0.00375000 N N N N N N Ausgrid Finance Pty Ltd. 549300DN8D7YR73BKB57 052113AA5 200000.00000000 PA USD 207619.82000000 1.017861749779 Long DBT CORP AU N 2 2023-05-01 Fixed 0.03850000 N N N N N N Banco Santander S.A. 5493006QMFDDMYWIAM13 05971KAD1 200000.00000000 PA USD 210415.25000000 1.031566420514 Long DBT CORP ES N 2 2024-06-27 Fixed 0.02706000 N N N N N N Royal Bank of Canada ES7IP3U3RHIGC71XBU11 780082AD5 50000.00000000 PA USD 56759.83000000 0.278266592664 Long DBT CORP CA N 2 2026-01-27 Fixed 0.04650000 N N N N N N TransCanada PipeLines Ltd. 5BV01I6231JPDAPMGH09 89352HAW9 100000.00000000 PA USD 113923.94000000 0.558515178898 Long DBT CORP CA N 2 2028-05-15 Fixed 0.04250000 N N N N N N Republica Orient Uruguay 549300RDR012H2V82H43 760942AZ5 50000.00000000 PA USD 53648.00000000 0.263010762422 Long DBT NUSS UY N 2 2024-08-14 Fixed 0.04500000 N N N N Citigroup Inc. 6SHGI4ZSSLCXXQSBB395 172967LS8 125000.00000000 PA USD 136016.32000000 0.666823665841 Long DBT CORP US N 2 2028-10-27 Fixed 0.03520000 N N N N N N Taiwan Semiconductor Manufacturing Co. Ltd. 549300N2ZLI21P85T117 872882AF2 200000.00000000 PA USD 191946.14000000 0.941021112164 Long DBT CORP VG N 2 2027-09-28 Fixed 0.01000000 N N N N N N Republic of Argentina 549300KPBYGYF7HCHO27 040114HX1 12213.00000000 PA USD 4671.59000000 0.022902595579 Long DBT NUSS AR N 2 2029-07-09 Fixed 0.01000000 N N N N N N Wells Fargo & Co. PBLD0EJDB5FWOLXP3B76 94974BGL8 125000.00000000 PA USD 142118.63000000 0.696740404687 Long DBT CORP US N 2 2027-07-22 Fixed 0.04300000 N N N N N N CyrusOne L.P. and CyrusOne Finance Corp. (GTD by CyrusOne Inc.) 549300TDXOX1X4TWIB58 23283PAQ7 100000.00000000 PA USD 104923.00000000 0.514387828541 Long DBT CORP US N 2 2024-11-15 Fixed 0.02900000 N N N N N N Grupo Kuo S.A.B. de C.V. 549300WIYIAVCFZI6Z04 40052CAC0 200000.00000000 PA USD 206750.00000000 1.013597433842 Long DBT CORP MX N 2 2027-07-07 Fixed 0.05750000 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 912828X88 125000.00000000 PA USD 133730.47000000 0.655617224757 Long DBT UST US N 2 2027-05-15 Fixed 0.02375000 N N N N N N United Mexican States 254900EGTWEU67VP6075 91087BAH3 200000.00000000 PA USD 205294.00000000 1.006459354695 Long DBT NUSS MX N 2 2030-04-16 Fixed 0.03250000 N N N N Minerva Luxembourg S.A. 222100NM3G3RCPGZ2Z17 603374AE9 200000.00000000 PA USD 214240.00000000 1.050317360224 Long DBT CORP LU N 2 2028-01-19 Fixed 0.05875000 N N N N N N Banco Santander S.A. SCRYQ25DTVRHYYMM6P89 05969BAA1 150000.00000000 PA USD 154896.00000000 0.759381804655 Long DBT CORP MX N 2 2022-11-09 Fixed 0.04125000 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 91282CAZ4 300000.00000000 PA USD 294339.84000000 1.443008979451 Long DBT UST US N 2 2025-11-30 Fixed 0.00375000 N N N N N N VTR Finance B.V. 213800F4XI4RJB82XM19 918374AA7 200000.00000000 PA USD 215873.00000000 1.058323186630 Long DBT CORP NL N 2 2028-07-15 Fixed 0.06375000 N N N N N N Republic of Panama N/A ZS1514182 200000.00000000 PA USD 215100.00000000 1.054533533347 Long DBT NUSS PA N 2 2026-04-17 Fixed 0.03750000 N N N N N N Kia Corp. 988400V8MJK9N7OI5X76 49374JAA1 200000.00000000 PA USD 200630.40000000 0.983595930306 Long DBT CORP KR N 2 2026-10-16 Fixed 0.01750000 N N N N N N Empresas Publicas de Medellin E.S.P. 549300SU25TO8EMXB434 29246BAE8 200000.00000000 PA USD 199400.00000000 0.977563861224 Long DBT CORP CO N 2 2029-07-18 Fixed 0.04250000 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 9128282Y5 100000.00000000 PA USD 104781.25000000 0.513692895355 Long DBT UST US N 2 2024-09-30 Fixed 0.02125000 N N N N N N Bangkok Bank Public Co. Ltd. 549300CCL2BKJGMYXV60 059895AR3 200000.00000000 PA USD 214834.56000000 1.053232206610 Long DBT CORP TH N 2 2024-03-19 Fixed 0.04050000 N N N N N N Bayer U.S. Finance II LLC 529900XWNEXYNJ3X6T40 07274NAX1 200000.00000000 PA USD 207275.61000000 1.016174250999 Long DBT CORP US N 2 2025-04-15 Fixed 0.02850000 N N N N N N Grupo Bimbo S.A.B. de C.V. 5493000RIXURZEBFEV60 40052VAC8 200000.00000000 PA USD 214955.27000000 1.053823990630 Long DBT CORP MX N 2 2024-06-27 Fixed 0.03875000 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 91282CAT8 200000.00000000 PA USD 195460.94000000 0.958252513665 Long DBT UST US N 2 2025-10-31 Fixed 0.00250000 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 91282CAD3 300000.00000000 PA USD 287179.69000000 1.407906151563 Long DBT UST US N 2 2027-07-31 Fixed 0.00375000 N N N N N N NBK SPC Ltd. 549300P1ANDK86KWB419 62877PAB0 200000.00000000 PA USD 197800.00000000 0.969719818205 Long DBT CORP AE N 2 2027-09-15 Fixed 0.01625000 N N N N N N Bacardi Ltd. 549300R32WTQNHNN5055 067316AE9 100000.00000000 PA USD 110259.90000000 0.540552124284 Long DBT CORP BM N 2 2025-05-15 Fixed 0.04450000 N N N N N N Royal Bank of Scotland Group plc (The) 2138005O9XJIJN4JPN90 780097AZ4 100000.00000000 PA USD 110833.24000000 0.543362939049 Long DBT CORP GB N 2 2023-12-19 Fixed 0.06000000 N N N N N N Volkswagen Group of America Inc. 5493002SQ1AVQBY41K40 928668AR3 200000.00000000 PA USD 214552.47000000 1.051849252800 Long DBT CORP US N 2 2023-11-13 Fixed 0.04250000 N N N N N N Banco de Bogota S.A. 549300LYHE7LWSKDZT53 059514AB5 200000.00000000 PA USD 208002.00000000 1.019735397504 Long DBT CORP CO N 2 2023-02-19 Fixed 0.05375000 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 91282CBW0 400000.00000000 PA USD 397000.00000000 1.946303174053 Long DBT UST US N 2 2026-04-30 Fixed 0.00750000 N N N N N N Adani Green Energy (UP) Ltd. Parampujya Solar Energy Private Ltd. and Prayatna Developers Private Ltd. 335800ZBBU81OH211H17 00653XAA5 200000.00000000 PA USD 200486.41000000 0.982890015459 Long DBT CORP IN N 2 2024-09-08 Fixed 0.04375000 N N N N N N Colbun S.A. 5493003VQJLE2QB8IF36 192714AB9 200000.00000000 PA USD 214880.00000000 1.053454977432 Long DBT CORP CL N 2 2024-07-10 Fixed 0.04500000 N N N N N N Aegea Finance S.a.r.l. N/A 00775CAA4 200000.00000000 PA USD 205250.00000000 1.006243643512 Long DBT CORP LU N 2 2024-10-10 Fixed 0.05750000 N N N N N N Industrias Penoles S.A.B. de C.V. 549300WA2HB7776CB324 456472AB5 200000.00000000 PA USD 219792.00000000 1.077536189499 Long DBT CORP MX N 2 2029-09-12 Fixed 0.04150000 N N N N N N Empresa de Transporte de Pasajeros Metro S.A. 959800T4M5QUPYMSCH69 29246QAD7 200000.00000000 PA USD 217053.71000000 1.064111649151 Long DBT CORP CL N 2 2030-05-07 Fixed 0.03650000 N N N N N N Galaxy Pipeline Assets BidCo Ltd. 549300L82YB0C6JQIC26 36321PAA8 200000.00000000 PA USD 202422.67000000 0.992382582169 Long DBT CORP JE N 2 2027-09-30 Fixed 0.01750000 N N N N N N Banco del Estado de Chile 5493004R4EJC0W0XVQ72 05965MAG8 200000.00000000 PA USD 207550.00000000 1.017519455351 Long DBT CORP CL N 2 2025-01-09 Fixed 0.02704000 N N N N N N Republic of Peru 254900STKLK2DBJJZ530 715638DP4 100000.00000000 PA USD 91075.00000000 0.446497636213 Long DBT NUSS PE N 2 2032-12-01 Fixed 0.01862000 N N N N N N Navios South American Logistics Inc. and Navios Logistics Finance (U.S.) Inc. 89450079LEE5QGJRM678 63938NAF1 70000.00000000 PA USD 76286.35000000 0.373995881969 Long DBT CORP MH N 2 2025-07-01 Fixed 0.10750000 N N N N N N Adani Electricity Mumbai Ltd. 335800AIC1B5EBFVUC38 00654GAA1 200000.00000000 PA USD 200221.92000000 0.981593346123 Long DBT CORP IN N 2 2030-02-12 Fixed 0.03949000 N N N N N N Weibo Corp. 549300Q9ID4640FE0422 948596AD3 200000.00000000 PA USD 208401.99000000 1.021696359234 Long DBT CORP KY N 2 2024-07-05 Fixed 0.03500000 N N N N N N Goldman Sachs Group Inc. (The) 784F5XWPLTWKTBV3E584 38141GWV2 100000.00000000 PA USD 110745.85000000 0.542934507224 Long DBT CORP US N 2 2029-04-23 Fixed 0.03814000 N N N N N N XP Inc. 5493008KDA8NBZRJST80 98379XAA2 200000.00000000 PA USD 194790.00000000 0.954963212276 Long DBT CORP US N 2 2026-07-01 Fixed 0.03250000 N N N N N N Aircastle Ltd. 549300PNK8AKY3OIKP58 00928QAR2 100000.00000000 PA USD 106521.41000000 0.522224076543 Long DBT CORP BM N 2 2023-09-25 Fixed 0.04400000 N N N N N N Perusahaan Listrik Negara 254900OYVDRYS9J51J61 71568PAG4 200000.00000000 PA USD 231850.00000000 1.136650858700 Long DBT CORP ID N 2 2029-01-25 Fixed 0.05375000 N N N N N N Alfa S.A.B. de C.V. 549300ZCGJ6T8YDJ4M34 015398AB6 200000.00000000 PA USD 215650.00000000 1.057229923134 Long DBT CORP MX N 2 2024-03-25 Fixed 0.05250000 N N N N N N Qatar Government Bond 52990074F6OJOAXK4P65 N/A 200000.00000000 PA USD 210626.60000000 1.032602569571 Long DBT NUSS QA N 2 2023-04-23 Fixed 0.03875000 N N N N N N ANZ New Zealand International Ltd. 213800VD256NU2D97H12 00182EBJ7 200000.00000000 PA USD 220868.73000000 1.082814887274 Long DBT CORP NZ N 2 2028-01-21 Fixed 0.03450000 N N N N N N Sumitomo Mitsui Financial Group Inc. 35380028MYWPB6AUO129 86562MBB5 110000.00000000 PA USD 116588.19000000 0.571576736156 Long DBT CORP JP N 2 2023-07-19 Fixed 0.03748000 N N N N N N GOHL Capital Ltd. 254900TF7OK6KSDZA888 N/A 200000.00000000 PA USD 210983.15000000 1.034350565533 Long DBT CORP IM N 2 2027-01-24 Fixed 0.04250000 N N N N N N State Bank of India 5493001JZ37UBBZF6L49 85628UAF3 200000.00000000 PA USD 217777.88000000 1.067661912046 Long DBT CORP IN N 2 2024-04-17 Fixed 0.04875000 N N N N N N Perusahaan Listrik Negara 254900OYVDRYS9J51J61 71568PAE9 200000.00000000 PA USD 232750.00000000 1.141063132898 Long DBT CORP ID N 2 2028-05-21 Fixed 0.05450000 N N N N N N Saudi Arabia Government Bond 54930044PULMORCKB765 80413TAA7 250000.00000000 PA USD 250377.75000000 1.227483651227 Long DBT NUSS SA N 2 2021-10-26 Fixed 0.02375000 N N N N N N U.S. Treasury Bonds 254900HROIFWPRGM1V77 91282CAV3 200000.00000000 PA USD 189847.66000000 0.930733257542 Long DBT UST US N 2 2030-11-15 Fixed 0.00875000 N N N N N N TerraForm Global Operating LLC (GTD by TerraForm Global LLC) 549300LC7QMVR79H5O86 88104UAC7 50000.00000000 PA USD 51609.00000000 0.253014510100 Long DBT CORP US N 2 2026-03-01 Fixed 0.06125000 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 91282CAY7 100000.00000000 PA USD 96601.56000000 0.473591745205 Long DBT UST US N 2 2027-11-30 Fixed 0.00625000 N N N N N N GEMS MENASA Cayman Ltd. and GEMS Education Delaware LLC 213800KB2HCLUSOQ2G49 36166LAA5 200000.00000000 PA USD 205327.00000000 1.006621138082 Long DBT CORP AE N 2 2026-07-31 Fixed 0.07125000 N N N N N N Petrobras Global Finance B.V. (GTD by Petroleo Brasileiro S.A.) 549300FNENFFSMO3GT38 71647NBH1 100000.00000000 PA USD 108675.00000000 0.532782109421 Long DBT CORP NL N 2 2031-01-03 Fixed 0.05600000 N N N N N N Celulosa Arauco y Constitucion S.A. 549300QEKV8G0AMNQD28 151191AZ6 200000.00000000 PA USD 216496.00000000 1.061377460881 Long DBT CORP CL N 2 2024-08-01 Fixed 0.04500000 N N N N N N Cosan Ltd. 549300PGFCX2JMKKLC96 22113AAB1 200000.00000000 PA USD 211620.00000000 1.037472739781 Long DBT CORP BM N 2 2029-09-20 Fixed 0.05500000 N N N N GENM Capital Labuan Ltd. 254900DWSHIWTSE0YG58 37231BAA6 200000.00000000 PA USD 198119.59000000 0.971286616773 Long DBT CORP MY N 2 2031-04-19 Fixed 0.03882000 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 912828M56 150000.00000000 PA USD 158701.17000000 0.778036752889 Long DBT UST US N 2 2025-11-15 Fixed 0.02250000 N N N N N N Republic of Peru 254900STKLK2DBJJZ530 715638DF6 100000.00000000 PA USD 99210.00000000 0.486379692437 Long DBT NUSS PE N 2 2031-01-23 Fixed 0.02783000 N N N N N N Nexa Resources S.A. 549300QRMRHM7GAU7L47 65290DAA1 200000.00000000 PA USD 219852.00000000 1.077830341113 Long DBT CORP LU N 2 2028-01-18 Fixed 0.06500000 N N N N N N EnfraGen Energia Sur S.A.U. N/A 29280LAA1 200000.00000000 PA USD 196563.00000000 0.963655392446 Long DBT CORP ES N 2 2030-12-30 Fixed 0.05375000 N N N N N N Citadel Finance LLC 549300BQL283NCR7P163 17287HAA8 100000.00000000 PA USD 101514.48000000 0.497677467597 Long DBT CORP US N 2 2026-03-09 Fixed 0.03375000 N N N N N N Crown Castle International Corp. 54930012H97VSM0I2R19 22822VAE1 100000.00000000 PA USD 111308.22000000 0.545691541270 Long DBT CORP US N 2 2027-03-01 Fixed 0.04000000 N N N N N N Bank of America Corp. 9DJT3UXIJIZJI4WXO774 06051GGR4 125000.00000000 PA USD 137126.10000000 0.672264392129 Long DBT CORP US N 2 2028-07-21 Fixed 0.03593000 N N N N N N State Street Institutional U.S. Government Money Market Fund - Premier Class N/A N/A 119041.66000000 NS USD 119041.66000000 0.583604938797 Long STIV RF US N 1 N N N Korea Development Bank 549300ML2LNRZUCS7149 500630CW6 200000.00000000 PA USD 212876.72000000 1.043633843370 Long DBT CORP KR N 2 2024-02-19 Fixed 0.03250000 N N N N N N Banco Latinoamericanco de Comercio Exterior S.A. 549300CN3134K4LC0651 05968CAC6 200000.00000000 PA USD 204550.00000000 1.002811874691 Long DBT CORP PA N 2 2025-09-14 Fixed 0.02375000 N N N N N N Corporacion Financiera de Desarrolla S.A. 254900BOM7T4MG6T0J30 21987DAE4 200000.00000000 PA USD 198783.00000000 0.974539002135 Long DBT CORP PE N 2 2027-09-28 Fixed 0.02400000 N N N N N N 2021-10-30 Ivy Variable Insurance Portfolios Dan Geatens Dan Geatens Division Director - Head of US Fund Administration XXXX