EX-99.D.8 6 d402927-ex99d8.htm EXECUTED INVESTMENT ADVISORY EXPENSE LIMITATION LETTER (MARCH 2022)

EX-99.d.8

Delaware Management Company
100 Independence, 610 Market Street
Philadelphia, PA 19106-2354

March 10, 2022

Delaware VIP Trust
100 Independence, 610 Market Street
Philadelphia, PA 19106-2354

        Re:      Expense Limitations

Ladies and Gentlemen:

By our execution of this letter agreement (the "Agreement"), intending to be legally bound hereby, Delaware Management Company, a series of Macquarie Investment Management Business Trust (the “Manager”), agrees that in order to improve the performance of the series of Delaware VIP Trust set forth below (the “Series”), the Manager shall waive all or a portion of its investment advisory fees and/or pay/reimburse expenses (excluding any acquired fund fees and expenses, taxes, interest, short sale dividend and interest expenses, brokerage fees, certain insurance costs, and nonroutine expenses or costs, including, but not limited to, those relating to reorganizations, litigation, conducting shareholder meetings, and liquidations (collectively, the “Excluded Expenses”)) in an aggregate amount equal to the amount by which the Series’ total annual operating expenses (excluding any Excluded Expenses) exceed the percentages set forth below for the period from March 10, 2022 through April 29, 2023. For purposes of this Agreement, Excluded Expenses may also include such additional costs and expenses as may be agreed upon from time to time by the Series’ Board of Trustees and the Manager.

Fund Service Class
      Expense Cap
Delaware VIP Fund for Income Series 1.04%

The Manager acknowledges that it (1) shall not be entitled to collect on, or make a claim for, waived fees at any time in the future, and (2) shall not be entitled to collect on, or make a claim for, reimbursed Series expenses at any time in the future.

Delaware Management Company, a series of
Macquarie Investment Management Business Trust

By:      /s/ Richard Salus
Name:      Richard Salus
Title: Senior Vice President

Your signature below acknowledges acceptance of this Agreement:

Delaware VIP Trust

By:      /s/ Shawn K. Lytle
Name:      Shawn K. Lytle
Title: President & Chief Executive Officer
Date: March 10, 2022