0000810016 ivip:C000017158Member 2025-12-31 2026-06-30 0000810016 ivip:C000017159Member 2025-12-31 2026-06-30 0000810016 ivip:C000017162Member 2025-12-31 2026-06-30 0000810016 ivip:C000017166Member 2025-12-31 2026-06-30 0000810016 ivip:C000017167Member 2025-12-31 2026-06-30 0000810016 ivip:C000017168Member 2025-12-31 2026-06-30 0000810016 ivip:C000017169Member 2025-12-31 2026-06-30 0000810016 ivip:C000017170Member 2025-12-31 2026-06-30 0000810016 ivip:C000017171Member 2025-12-31 2026-06-30 0000810016 ivip:C000017172Member 2025-12-31 2026-06-30 0000810016 ivip:C000017174Member 2025-12-31 2026-06-30 0000810016 ivip:C000017175Member 2025-12-31 2026-06-30 0000810016 ivip:C000017176Member 2025-12-31 2026-06-30 0000810016 ivip:C000017177Member 2025-12-31 2026-06-30 0000810016 ivip:C000032174Member 2025-12-31 2026-06-30 0000810016 ivip:C000057543Member 2025-12-31 2026-06-30 0000810016 ivip:C000057544Member 2025-12-31 2026-06-30 0000810016 ivip:C000057545Member 2025-12-31 2026-06-30 0000810016 ivip:C000057546Member 2025-12-31 2026-06-30 0000810016 ivip:C000057547Member 2025-12-31 2026-06-30 0000810016 ivip:C000091476Member 2025-12-31 2026-06-30 0000810016 ivip:C000129560Member 2025-12-31 2026-06-30 0000810016 ivip:C000129561Member 2025-12-31 2026-06-30 0000810016 ivip:C000129562Member 2025-12-31 2026-06-30 0000810016 ivip:C000190645Member 2025-12-31 2026-06-30 0000810016 ivip:C000190647Member 2025-12-31 2026-06-30 0000810016 ivip:C000190648Member 2025-12-31 2026-06-30 0000810016 ivip:C000190649Member 2025-12-31 2026-06-30 0000810016 ivip:C000190650Member 2025-12-31 2026-06-30 0000810016 ivip:C000203521Member 2025-12-31 2026-06-30 0000810016 ivip:C000246484Member 2025-12-31 2026-06-30 0000810016 2025-12-31 2026-06-30 0000810016 ivip:C000017158Member 2026-06-30 0000810016 ivip:AgencyMortgageBackedSecuritiesMember ivip:C000017158Member 2026-06-30 0000810016 ivip:C000017158Member ivip:AlimentationCoucheTardMember 2026-06-30 0000810016 ivip:C000017158Member ivip:AlphabetClassAMember 2026-06-30 0000810016 ivip:C000017158Member ivip:AmazonComMember 2026-06-30 0000810016 ivip:C000017158Member ivip:AppleMember 2026-06-30 0000810016 ivip:BullionMember ivip:C000017158Member 2026-06-30 0000810016 us-gaap:CollateralizedLoanObligationsMember ivip:C000017158Member 2026-06-30 0000810016 us-gaap:CommonStockMember ivip:C000017158Member 2026-06-30 0000810016 us-gaap:CorporateBondSecuritiesMember ivip:C000017158Member 2026-06-30 0000810016 ivip:C000017158Member ivip:EliLillyAndCoMember 2026-06-30 0000810016 us-gaap:ExchangeTradedFundsMember ivip:C000017158Member 2026-06-30 0000810016 ivip:C000017158Member ivip:KLAMember 2026-06-30 0000810016 ivip:C000017158Member ivip:MicrosoftMember 2026-06-30 0000810016 ivip:NonAgencyAssetBackedSecuritiesMember ivip:C000017158Member 2026-06-30 0000810016 ivip:NonAgencyCollateralizedMortgageObligationsMember ivip:C000017158Member 2026-06-30 0000810016 ivip:NonAgencyCommercialMortgageBackedSecuritiesMember ivip:C000017158Member 2026-06-30 0000810016 ivip:C000017158Member ivip:NVIDIAMember 2026-06-30 0000810016 ivip:C000017158Member ivip:SKHynixMember 2026-06-30 0000810016 ivip:C000017158Member ivip:TaiwanSemiconductorManufacturingMember 2026-06-30 0000810016 ivip:USTreasuryObligationsMember ivip:C000017158Member 2026-06-30 0000810016 ivip:C000017159Member 2026-06-30 0000810016 ivip:C000017159Member ivip:ASMLHoldingMember 2026-06-30 0000810016 ivip:C000017159Member ivip:BancoBilbaoVizcayaArgentariaMember 2026-06-30 0000810016 ivip:C000017159Member ivip:BarclaysMember 2026-06-30 0000810016 ivip:C000017159Member country:BR 2026-06-30 0000810016 ivip:C000017159Member country:CA 2026-06-30 0000810016 ivip:C000017159Member oef:CommunicationsSectorMember 2026-06-30 0000810016 ivip:C000017159Member oef:ConsumerDiscretionarySectorMember 2026-06-30 0000810016 ivip:C000017159Member oef:ConsumerStaplesSectorMember 2026-06-30 0000810016 ivip:C000017159Member ivip:DaikinIndustriesMember 2026-06-30 0000810016 ivip:C000017159Member country:DE 2026-06-30 0000810016 ivip:C000017159Member us-gaap:EnergySectorMember 2026-06-30 0000810016 ivip:C000017159Member us-gaap:FinancialServicesSectorMember 2026-06-30 0000810016 ivip:C000017159Member country:GB 2026-06-30 0000810016 ivip:C000017159Member us-gaap:HealthcareSectorMember 2026-06-30 0000810016 ivip:C000017159Member country:IN 2026-06-30 0000810016 ivip:C000017159Member oef:IndustrialSectorMember 2026-06-30 0000810016 ivip:C000017159Member oef:InformationTechnologySectorMember 2026-06-30 0000810016 ivip:C000017159Member ivip:INGGroepMember 2026-06-30 0000810016 ivip:C000017159Member country:JP 2026-06-30 0000810016 ivip:C000017159Member country:KR 2026-06-30 0000810016 ivip:C000017159Member oef:MaterialsSectorMember 2026-06-30 0000810016 ivip:C000017159Member ivip:MitsubishiUFJFinancialGroupMember 2026-06-30 0000810016 ivip:C000017159Member country:NL 2026-06-30 0000810016 ivip:C000017159Member us-gaap:RealEstateSectorMember 2026-06-30 0000810016 ivip:C000017159Member ivip:SamsungElectronicsMember 2026-06-30 0000810016 ivip:C000017159Member ivip:SKHynixMember 2026-06-30 0000810016 ivip:C000017159Member ivip:SMCMember 2026-06-30 0000810016 ivip:C000017159Member ivip:TaiwanSemiconductorManufacturingMember 2026-06-30 0000810016 ivip:C000017159Member country:TW 2026-06-30 0000810016 ivip:C000017159Member country:US 2026-06-30 0000810016 ivip:C000017159Member oef:UtilitiesSectorMember 2026-06-30 0000810016 ivip:C000017162Member 2026-06-30 0000810016 ivip:C000017162Member ivip:CloudflareClassAMember 2026-06-30 0000810016 ivip:C000017162Member oef:CommunicationsSectorMember 2026-06-30 0000810016 ivip:C000017162Member oef:ConsumerDiscretionarySectorMember 2026-06-30 0000810016 ivip:C000017162Member oef:ConsumerStaplesSectorMember 2026-06-30 0000810016 ivip:C000017162Member ivip:DatadogClassAMember 2026-06-30 0000810016 ivip:C000017162Member ivip:EdwardsLifesciencesMember 2026-06-30 0000810016 ivip:C000017162Member ivip:FastenalMember 2026-06-30 0000810016 ivip:C000017162Member us-gaap:FinancialServicesSectorMember 2026-06-30 0000810016 ivip:C000017162Member us-gaap:HealthcareSectorMember 2026-06-30 0000810016 ivip:C000017162Member ivip:IDEXXLaboratoriesMember 2026-06-30 0000810016 ivip:C000017162Member oef:IndustrialSectorMember 2026-06-30 0000810016 ivip:C000017162Member oef:InformationTechnologySectorMember 2026-06-30 0000810016 ivip:C000017162Member oef:MaterialsSectorMember 2026-06-30 0000810016 ivip:C000017162Member ivip:MonolithicPowerSystemsMember 2026-06-30 0000810016 ivip:C000017162Member ivip:NovantaMember 2026-06-30 0000810016 ivip:C000017162Member us-gaap:RealEstateSectorMember 2026-06-30 0000810016 ivip:C000017162Member ivip:SnowflakeClassAMember 2026-06-30 0000810016 ivip:C000017162Member ivip:SPXTechnologiesMember 2026-06-30 0000810016 ivip:C000017162Member ivip:SterlingInfrastructureMember 2026-06-30 0000810016 ivip:C000017166Member 2026-06-30 0000810016 ivip:C000017166Member ivip:AdvancedMicroDevicesMember 2026-06-30 0000810016 ivip:C000017166Member ivip:AppleMember 2026-06-30 0000810016 ivip:C000017166Member ivip:BroadcomMember 2026-06-30 0000810016 ivip:C000017166Member oef:CommunicationsSectorMember 2026-06-30 0000810016 ivip:C000017166Member oef:ConsumerDiscretionarySectorMember 2026-06-30 0000810016 ivip:C000017166Member us-gaap:HealthcareSectorMember 2026-06-30 0000810016 ivip:C000017166Member oef:IndustrialSectorMember 2026-06-30 0000810016 ivip:C000017166Member oef:InformationTechnologySectorMember 2026-06-30 0000810016 ivip:C000017166Member ivip:LamResearchMember 2026-06-30 0000810016 ivip:C000017166Member ivip:NVIDIAMember 2026-06-30 0000810016 ivip:C000017166Member ivip:SamsungElectronicsMember 2026-06-30 0000810016 ivip:C000017166Member ivip:SeagateTechnologyHoldingsMember 2026-06-30 0000810016 ivip:C000017166Member ivip:TaiwanSemiconductorManufacturingADRMember 2026-06-30 0000810016 ivip:C000017166Member ivip:TexasInstrumentsMember 2026-06-30 0000810016 ivip:C000017166Member ivip:WesternDigitalMember 2026-06-30 0000810016 ivip:C000017167Member 2026-06-30 0000810016 ivip:C000017167Member ivip:A10NetworksMember 2026-06-30 0000810016 ivip:C000017167Member ivip:AdaptiveBiotechnologiesMember 2026-06-30 0000810016 ivip:C000017167Member ivip:AdvancedEnergyIndustriesMember 2026-06-30 0000810016 ivip:C000017167Member ivip:AgilysysMember 2026-06-30 0000810016 ivip:C000017167Member oef:CommunicationsSectorMember 2026-06-30 0000810016 ivip:C000017167Member oef:ConsumerDiscretionarySectorMember 2026-06-30 0000810016 ivip:C000017167Member oef:ConsumerStaplesSectorMember 2026-06-30 0000810016 ivip:C000017167Member ivip:DigitalOceanHoldingsMember 2026-06-30 0000810016 ivip:C000017167Member ivip:EncompassHealthMember 2026-06-30 0000810016 ivip:C000017167Member us-gaap:EnergySectorMember 2026-06-30 0000810016 ivip:C000017167Member us-gaap:FinancialServicesSectorMember 2026-06-30 0000810016 ivip:C000017167Member ivip:FirstCashHoldingsMember 2026-06-30 0000810016 ivip:C000017167Member us-gaap:HealthcareSectorMember 2026-06-30 0000810016 ivip:C000017167Member oef:IndustrialSectorMember 2026-06-30 0000810016 ivip:C000017167Member oef:InformationTechnologySectorMember 2026-06-30 0000810016 ivip:C000017167Member ivip:KontoorBrandsMember 2026-06-30 0000810016 ivip:C000017167Member oef:MaterialsSectorMember 2026-06-30 0000810016 ivip:C000017167Member ivip:MirumPharmaceuticalsMember 2026-06-30 0000810016 ivip:C000017167Member ivip:PriceSmartMember 2026-06-30 0000810016 ivip:C000017168Member 2026-06-30 0000810016 ivip:C000017168Member ivip:AllyFinancialMember 2026-06-30 0000810016 ivip:C000017168Member ivip:AsteraLabsMember 2026-06-30 0000810016 ivip:C000017168Member ivip:AxisCapitalHoldingsMember 2026-06-30 0000810016 ivip:C000017168Member ivip:AxsomeTherapeuticsMember 2026-06-30 0000810016 ivip:C000017168Member ivip:CaseySGeneralStoresMember 2026-06-30 0000810016 ivip:C000017168Member oef:CommunicationsSectorMember 2026-06-30 0000810016 ivip:C000017168Member oef:ConsumerDiscretionarySectorMember 2026-06-30 0000810016 ivip:C000017168Member oef:ConsumerStaplesSectorMember 2026-06-30 0000810016 ivip:C000017168Member ivip:EastWestBancorpMember 2026-06-30 0000810016 ivip:C000017168Member us-gaap:EnergySectorMember 2026-06-30 0000810016 ivip:C000017168Member us-gaap:FinancialServicesSectorMember 2026-06-30 0000810016 ivip:C000017168Member us-gaap:HealthcareSectorMember 2026-06-30 0000810016 ivip:C000017168Member oef:IndustrialSectorMember 2026-06-30 0000810016 ivip:C000017168Member oef:InformationTechnologySectorMember 2026-06-30 0000810016 ivip:C000017168Member ivip:LibertyEnergyMember 2026-06-30 0000810016 ivip:C000017168Member ivip:LigandPharmaceuticalsMember 2026-06-30 0000810016 ivip:C000017168Member ivip:MACOMTechnologySolutionsHoldingsMember 2026-06-30 0000810016 ivip:C000017168Member oef:MaterialsSectorMember 2026-06-30 0000810016 ivip:C000017168Member us-gaap:RealEstateSectorMember 2026-06-30 0000810016 ivip:C000017168Member ivip:SemtechMember 2026-06-30 0000810016 ivip:C000017168Member oef:UtilitiesSectorMember 2026-06-30 0000810016 ivip:C000017169Member 2026-06-30 0000810016 ivip:C000017169Member ivip:AdvancedMicroDevicesMember 2026-06-30 0000810016 ivip:AgencyCollateralizedMortgageObligationsMember ivip:C000017169Member 2026-06-30 0000810016 ivip:AgencyCommercialMortgageBackedSecuritiesMember ivip:C000017169Member 2026-06-30 0000810016 ivip:AgencyMortgageBackedSecuritiesMember ivip:C000017169Member 2026-06-30 0000810016 ivip:C000017169Member ivip:AlphabetClassAMember 2026-06-30 0000810016 ivip:C000017169Member ivip:AlphabetClassCMember 2026-06-30 0000810016 ivip:C000017169Member ivip:AppleMember 2026-06-30 0000810016 ivip:C000017169Member ivip:AppliedMaterialsMember 2026-06-30 0000810016 us-gaap:CommonStockMember ivip:C000017169Member 2026-06-30 0000810016 us-gaap:CorporateBondSecuritiesMember ivip:C000017169Member 2026-06-30 0000810016 us-gaap:ExchangeTradedFundsMember ivip:C000017169Member 2026-06-30 0000810016 ivip:C000017169Member ivip:HowmetAerospaceMember 2026-06-30 0000810016 ivip:C000017169Member ivip:MicrosoftMember 2026-06-30 0000810016 ivip:NonAgencyAssetBackedSecuritiesMember ivip:C000017169Member 2026-06-30 0000810016 ivip:NonAgencyCollateralizedMortgageObligationsMember ivip:C000017169Member 2026-06-30 0000810016 ivip:NonAgencyCommercialMortgageBackedSecuritiesMember ivip:C000017169Member 2026-06-30 0000810016 ivip:C000017169Member ivip:NVIDIAMember 2026-06-30 0000810016 ivip:C000017169Member ivip:SeagateTechnologyHoldingsMember 2026-06-30 0000810016 ivip:C000017169Member ivip:TaiwanSemiconductorManufacturingADRMember 2026-06-30 0000810016 ivip:USTreasuryObligationsMember ivip:C000017169Member 2026-06-30 0000810016 ivip:C000017170Member 2026-06-30 0000810016 ivip:C000017170Member ivip:AlphabetClassAMember 2026-06-30 0000810016 ivip:C000017170Member ivip:AmazonComMember 2026-06-30 0000810016 ivip:C000017170Member ivip:BankOfAmericaMember 2026-06-30 0000810016 ivip:C000017170Member ivip:CarrierGlobalMember 2026-06-30 0000810016 ivip:C000017170Member oef:CommunicationsSectorMember 2026-06-30 0000810016 ivip:C000017170Member oef:ConsumerDiscretionarySectorMember 2026-06-30 0000810016 ivip:C000017170Member oef:ConsumerStaplesSectorMember 2026-06-30 0000810016 ivip:C000017170Member ivip:DukeEnergyMember 2026-06-30 0000810016 ivip:C000017170Member us-gaap:EnergySectorMember 2026-06-30 0000810016 ivip:C000017170Member us-gaap:FinancialServicesSectorMember 2026-06-30 0000810016 ivip:C000017170Member us-gaap:HealthcareSectorMember 2026-06-30 0000810016 ivip:C000017170Member oef:IndustrialSectorMember 2026-06-30 0000810016 ivip:C000017170Member oef:InformationTechnologySectorMember 2026-06-30 0000810016 ivip:C000017170Member oef:MaterialsSectorMember 2026-06-30 0000810016 ivip:C000017170Member ivip:MicrosoftMember 2026-06-30 0000810016 ivip:C000017170Member ivip:PPGIndustriesMember 2026-06-30 0000810016 ivip:C000017170Member ivip:ProgressiveMember 2026-06-30 0000810016 ivip:C000017170Member us-gaap:RealEstateSectorMember 2026-06-30 0000810016 ivip:C000017170Member ivip:TeledyneTechnologiesMember 2026-06-30 0000810016 ivip:C000017170Member oef:UtilitiesSectorMember 2026-06-30 0000810016 ivip:C000017170Member ivip:WellsFargoAndCoMember 2026-06-30 0000810016 ivip:C000017171Member 2026-06-30 0000810016 ivip:C000017171Member us-gaap:BankingMember 2026-06-30 0000810016 ivip:C000017171Member ivip:CapitalGoodsMember 2026-06-30 0000810016 ivip:C000017171Member oef:CommunicationsSectorMember 2026-06-30 0000810016 ivip:C000017171Member ivip:ConsumerCyclicalMember 2026-06-30 0000810016 ivip:C000017171Member ivip:ConsumerNonCyclicalMember 2026-06-30 0000810016 ivip:C000017171Member ivip:ElectricMember 2026-06-30 0000810016 ivip:C000017171Member us-gaap:EnergySectorMember 2026-06-30 0000810016 ivip:C000017171Member ivip:FinanceCompaniesMember 2026-06-30 0000810016 ivip:C000017171Member us-gaap:InsuranceSectorMember 2026-06-30 0000810016 ivip:C000017171Member us-gaap:TechnologySectorMember 2026-06-30 0000810016 ivip:C000017172Member 2026-06-30 0000810016 ivip:C000017172Member ivip:AdvancedMicroDevicesMember 2026-06-30 0000810016 ivip:C000017172Member ivip:AlphabetClassAMember 2026-06-30 0000810016 ivip:C000017172Member ivip:AmazonComMember 2026-06-30 0000810016 ivip:C000017172Member ivip:AppleMember 2026-06-30 0000810016 ivip:C000017172Member ivip:AppliedMaterialsMember 2026-06-30 0000810016 ivip:C000017172Member oef:CommunicationsSectorMember 2026-06-30 0000810016 ivip:C000017172Member oef:ConsumerDiscretionarySectorMember 2026-06-30 0000810016 ivip:C000017172Member oef:ConsumerStaplesSectorMember 2026-06-30 0000810016 ivip:C000017172Member us-gaap:EnergySectorMember 2026-06-30 0000810016 ivip:C000017172Member us-gaap:FinancialServicesSectorMember 2026-06-30 0000810016 ivip:C000017172Member us-gaap:HealthcareSectorMember 2026-06-30 0000810016 ivip:C000017172Member ivip:HowmetAerospaceMember 2026-06-30 0000810016 ivip:C000017172Member oef:IndustrialSectorMember 2026-06-30 0000810016 ivip:C000017172Member oef:InformationTechnologySectorMember 2026-06-30 0000810016 ivip:C000017172Member oef:MaterialsSectorMember 2026-06-30 0000810016 ivip:C000017172Member ivip:MicrosoftMember 2026-06-30 0000810016 ivip:C000017172Member ivip:NVIDIAMember 2026-06-30 0000810016 ivip:C000017172Member ivip:SeagateTechnologyHoldingsMember 2026-06-30 0000810016 ivip:C000017172Member ivip:TaiwanSemiconductorManufacturingADRMember 2026-06-30 0000810016 ivip:C000017172Member oef:UtilitiesSectorMember 2026-06-30 0000810016 ivip:C000017174Member 2026-06-30 0000810016 ivip:C000017174Member ivip:BPADRMember 2026-06-30 0000810016 ivip:C000017174Member ivip:CanadianNaturalResourcesMember 2026-06-30 0000810016 ivip:C000017174Member ivip:CoalAndConsumableFuelsMember 2026-06-30 0000810016 ivip:C000017174Member ivip:CoreNaturalResourcesMember 2026-06-30 0000810016 ivip:C000017174Member ivip:CRHMember 2026-06-30 0000810016 ivip:C000017174Member ivip:DiamondbackEnergyMember 2026-06-30 0000810016 ivip:C000017174Member ivip:DiversifiedMetalsAndMiningMember 2026-06-30 0000810016 ivip:C000017174Member ivip:FertilizersAndAgriculturalChemicalsMember 2026-06-30 0000810016 ivip:C000017174Member ivip:ForestProductsMember 2026-06-30 0000810016 ivip:C000017174Member ivip:GlencoreMember 2026-06-30 0000810016 ivip:C000017174Member ivip:GoldSectorMember 2026-06-30 0000810016 ivip:C000017174Member ivip:HudbayMineralsMember 2026-06-30 0000810016 ivip:C000017174Member ivip:IntegratedOilAndGasMember 2026-06-30 0000810016 ivip:C000017174Member ivip:NutrienMember 2026-06-30 0000810016 ivip:C000017174Member ivip:OilAndGasEquipmentAndServicesMember 2026-06-30 0000810016 ivip:C000017174Member ivip:OilAndGasExplorationAndProductionSectorMember 2026-06-30 0000810016 ivip:C000017174Member ivip:OvintivMember 2026-06-30 0000810016 ivip:C000017174Member ivip:PaperPackagingMember 2026-06-30 0000810016 ivip:C000017174Member ivip:SteelDynamicsMember 2026-06-30 0000810016 ivip:C000017174Member ivip:SteelMember 2026-06-30 0000810016 ivip:C000017175Member 2026-06-30 0000810016 ivip:C000017175Member ivip:AdvancedMicroDevicesMember 2026-06-30 0000810016 ivip:C000017175Member ivip:AlphabetClassAMember 2026-06-30 0000810016 ivip:C000017175Member ivip:AmazonComMember 2026-06-30 0000810016 ivip:C000017175Member ivip:AppleMember 2026-06-30 0000810016 ivip:C000017175Member ivip:BroadcomMember 2026-06-30 0000810016 ivip:C000017175Member oef:CommunicationsSectorMember 2026-06-30 0000810016 ivip:C000017175Member oef:ConsumerDiscretionarySectorMember 2026-06-30 0000810016 ivip:C000017175Member oef:ConsumerStaplesSectorMember 2026-06-30 0000810016 ivip:C000017175Member ivip:EliLillyAndCoMember 2026-06-30 0000810016 ivip:C000017175Member us-gaap:FinancialServicesSectorMember 2026-06-30 0000810016 ivip:C000017175Member us-gaap:HealthcareSectorMember 2026-06-30 0000810016 ivip:C000017175Member oef:IndustrialSectorMember 2026-06-30 0000810016 ivip:C000017175Member oef:InformationTechnologySectorMember 2026-06-30 0000810016 ivip:C000017175Member oef:MaterialsSectorMember 2026-06-30 0000810016 ivip:C000017175Member ivip:MicrosoftMember 2026-06-30 0000810016 ivip:C000017175Member ivip:NVIDIAMember 2026-06-30 0000810016 ivip:C000017175Member ivip:TaiwanSemiconductorManufacturingADRMember 2026-06-30 0000810016 ivip:C000017175Member ivip:VisaClassAMember 2026-06-30 0000810016 ivip:C000017176Member 2026-06-30 0000810016 ivip:C000017176Member ivip:BasicIndustryMember 2026-06-30 0000810016 ivip:C000017176Member ivip:CapitalGoodsMember 2026-06-30 0000810016 ivip:C000017176Member ivip:ElectricMember 2026-06-30 0000810016 ivip:C000017176Member us-gaap:EnergySectorMember 2026-06-30 0000810016 ivip:C000017176Member us-gaap:FinancialServicesSectorMember 2026-06-30 0000810016 ivip:C000017176Member us-gaap:HealthcareSectorMember 2026-06-30 0000810016 ivip:C000017176Member ivip:LeisureMember 2026-06-30 0000810016 ivip:C000017176Member ivip:MediaMember 2026-06-30 0000810016 ivip:C000017176Member ivip:ServicesMember 2026-06-30 0000810016 ivip:C000017176Member ivip:TelecommunicationsMember 2026-06-30 0000810016 ivip:C000017177Member 2026-06-30 0000810016 ivip:C000017177Member ivip:AlimentationCoucheTardMember 2026-06-30 0000810016 ivip:C000017177Member ivip:AlphabetClassAMember 2026-06-30 0000810016 ivip:C000017177Member ivip:AmazonComMember 2026-06-30 0000810016 ivip:C000017177Member ivip:AppleMember 2026-06-30 0000810016 ivip:C000017177Member country:CA 2026-06-30 0000810016 ivip:C000017177Member oef:CommunicationsSectorMember 2026-06-30 0000810016 ivip:C000017177Member oef:ConsumerDiscretionarySectorMember 2026-06-30 0000810016 ivip:C000017177Member oef:ConsumerStaplesSectorMember 2026-06-30 0000810016 ivip:C000017177Member country:DK 2026-06-30 0000810016 ivip:C000017177Member ivip:EliLillyAndCoMember 2026-06-30 0000810016 ivip:C000017177Member us-gaap:EnergySectorMember 2026-06-30 0000810016 ivip:C000017177Member country:ES 2026-06-30 0000810016 ivip:C000017177Member us-gaap:FinancialServicesSectorMember 2026-06-30 0000810016 ivip:C000017177Member country:FR 2026-06-30 0000810016 ivip:C000017177Member country:GB 2026-06-30 0000810016 ivip:C000017177Member us-gaap:HealthcareSectorMember 2026-06-30 0000810016 ivip:C000017177Member country:IN 2026-06-30 0000810016 ivip:C000017177Member oef:IndustrialSectorMember 2026-06-30 0000810016 ivip:C000017177Member oef:InformationTechnologySectorMember 2026-06-30 0000810016 ivip:C000017177Member country:JP 2026-06-30 0000810016 ivip:C000017177Member ivip:KLAMember 2026-06-30 0000810016 ivip:C000017177Member country:KR 2026-06-30 0000810016 ivip:C000017177Member oef:MaterialsSectorMember 2026-06-30 0000810016 ivip:C000017177Member ivip:MicrosoftMember 2026-06-30 0000810016 ivip:C000017177Member ivip:NVIDIAMember 2026-06-30 0000810016 ivip:C000017177Member ivip:SKHynixMember 2026-06-30 0000810016 ivip:C000017177Member ivip:TaiwanSemiconductorManufacturingMember 2026-06-30 0000810016 ivip:C000017177Member country:TW 2026-06-30 0000810016 ivip:C000017177Member country:US 2026-06-30 0000810016 ivip:C000017177Member oef:UtilitiesSectorMember 2026-06-30 0000810016 ivip:C000032174Member 2026-06-30 0000810016 ivip:C000032174Member ivip:BPADRMember 2026-06-30 0000810016 ivip:C000032174Member ivip:CanadianNaturalResourcesMember 2026-06-30 0000810016 ivip:C000032174Member ivip:CoalAndConsumableFuelsMember 2026-06-30 0000810016 ivip:C000032174Member ivip:ConocoPhillipsMember 2026-06-30 0000810016 ivip:C000032174Member ivip:DiamondbackEnergyMember 2026-06-30 0000810016 ivip:C000032174Member ivip:ElectricalComponentsAndEquipmentMember 2026-06-30 0000810016 ivip:C000032174Member ivip:ExpandEnergyMember 2026-06-30 0000810016 ivip:C000032174Member ivip:ExxonMobilMember 2026-06-30 0000810016 ivip:C000032174Member ivip:HeavyElectricalEquipmentMember 2026-06-30 0000810016 ivip:C000032174Member ivip:IndependentPowerProducersAndEnergyTradersMember 2026-06-30 0000810016 ivip:C000032174Member ivip:IntegratedOilAndGasMember 2026-06-30 0000810016 ivip:C000032174Member ivip:OilAndGasDrillingMember 2026-06-30 0000810016 ivip:C000032174Member ivip:OilAndGasEquipmentAndServicesMember 2026-06-30 0000810016 ivip:C000032174Member ivip:OilAndGasExplorationAndProductionSectorMember 2026-06-30 0000810016 ivip:C000032174Member ivip:OilAndGasRefiningAndMarketingSectorMember 2026-06-30 0000810016 ivip:C000032174Member ivip:OvintivMember 2026-06-30 0000810016 ivip:C000032174Member ivip:PermianResourcesClassAMember 2026-06-30 0000810016 ivip:C000032174Member ivip:SLBMember 2026-06-30 0000810016 ivip:C000032174Member ivip:TotalEnergiesMember 2026-06-30 0000810016 ivip:C000057543Member 2026-06-30 0000810016 ivip:AffiliatedExchangeTradedFundsMember ivip:C000057543Member 2026-06-30 0000810016 ivip:AffiliatedMutualFundsMember ivip:C000057543Member 2026-06-30 0000810016 us-gaap:FixedIncomeFundsMember ivip:C000057543Member 2026-06-30 0000810016 ivip:GlobalInternationalEquityFundMember ivip:C000057543Member 2026-06-30 0000810016 ivip:C000057543Member ivip:NomuraFocusedInternationalCoreETFMember 2026-06-30 0000810016 ivip:C000057543Member ivip:NomuraFocusedLargeGrowthETFMember 2026-06-30 0000810016 ivip:C000057543Member ivip:NomuraTransformationalTechnologiesETFMember 2026-06-30 0000810016 ivip:C000057543Member ivip:NomuraVIPCoreEquitySeriesServiceClassMember 2026-06-30 0000810016 ivip:C000057543Member ivip:NomuraVIPCorporateBondSeriesServiceClassMember 2026-06-30 0000810016 ivip:C000057543Member ivip:NomuraVIPGrowthAndIncomeSeriesStandardClassMember 2026-06-30 0000810016 ivip:C000057543Member ivip:NomuraVIPInternationalCoreEquitySeriesStandardClassMember 2026-06-30 0000810016 ivip:C000057543Member ivip:NomuraVIPLimitedTermBondSeriesServiceClassMember 2026-06-30 0000810016 ivip:C000057543Member ivip:NomuraVIPSmidCapCoreSeriesServiceClassMember 2026-06-30 0000810016 ivip:C000057543Member ivip:NomuraVIPValueSeriesServiceClassMember 2026-06-30 0000810016 ivip:USEquityFundsMember ivip:C000057543Member 2026-06-30 0000810016 ivip:C000057544Member 2026-06-30 0000810016 ivip:AffiliatedExchangeTradedFundsMember ivip:C000057544Member 2026-06-30 0000810016 ivip:AffiliatedMutualFundsMember ivip:C000057544Member 2026-06-30 0000810016 us-gaap:FixedIncomeFundsMember ivip:C000057544Member 2026-06-30 0000810016 ivip:GlobalInternationalEquityFundMember ivip:C000057544Member 2026-06-30 0000810016 ivip:C000057544Member ivip:NomuraFocusedInternationalCoreETFMember 2026-06-30 0000810016 ivip:C000057544Member ivip:NomuraFocusedLargeGrowthETFMember 2026-06-30 0000810016 ivip:C000057544Member ivip:NomuraTransformationalTechnologiesETFMember 2026-06-30 0000810016 ivip:C000057544Member ivip:NomuraVIPCoreEquitySeriesServiceClassMember 2026-06-30 0000810016 ivip:C000057544Member ivip:NomuraVIPCorporateBondSeriesServiceClassMember 2026-06-30 0000810016 ivip:C000057544Member ivip:NomuraVIPGrowthAndIncomeSeriesStandardClassMember 2026-06-30 0000810016 ivip:C000057544Member ivip:NomuraVIPInternationalCoreEquitySeriesStandardClassMember 2026-06-30 0000810016 ivip:C000057544Member ivip:NomuraVIPLimitedTermBondSeriesServiceClassMember 2026-06-30 0000810016 ivip:C000057544Member ivip:NomuraVIPSmidCapCoreSeriesServiceClassMember 2026-06-30 0000810016 ivip:C000057544Member ivip:NomuraVIPValueSeriesServiceClassMember 2026-06-30 0000810016 ivip:USEquityFundsMember ivip:C000057544Member 2026-06-30 0000810016 ivip:C000057545Member 2026-06-30 0000810016 ivip:AffiliatedExchangeTradedFundsMember ivip:C000057545Member 2026-06-30 0000810016 ivip:AffiliatedMutualFundsMember ivip:C000057545Member 2026-06-30 0000810016 us-gaap:FixedIncomeFundsMember ivip:C000057545Member 2026-06-30 0000810016 ivip:GlobalInternationalEquityFundMember ivip:C000057545Member 2026-06-30 0000810016 ivip:C000057545Member ivip:NomuraFocusedInternationalCoreETFMember 2026-06-30 0000810016 ivip:C000057545Member ivip:NomuraFocusedLargeGrowthETFMember 2026-06-30 0000810016 ivip:C000057545Member ivip:NomuraTransformationalTechnologiesETFMember 2026-06-30 0000810016 ivip:C000057545Member ivip:NomuraVIPCoreEquitySeriesServiceClassMember 2026-06-30 0000810016 ivip:C000057545Member ivip:NomuraVIPCorporateBondSeriesServiceClassMember 2026-06-30 0000810016 ivip:C000057545Member ivip:NomuraVIPGrowthAndIncomeSeriesStandardClassMember 2026-06-30 0000810016 ivip:C000057545Member ivip:NomuraVIPInternationalCoreEquitySeriesStandardClassMember 2026-06-30 0000810016 ivip:C000057545Member ivip:NomuraVIPLimitedTermBondSeriesServiceClassMember 2026-06-30 0000810016 ivip:C000057545Member ivip:NomuraVIPSmidCapCoreSeriesServiceClassMember 2026-06-30 0000810016 ivip:C000057545Member ivip:NomuraVIPValueSeriesServiceClassMember 2026-06-30 0000810016 ivip:USEquityFundsMember ivip:C000057545Member 2026-06-30 0000810016 ivip:C000057546Member 2026-06-30 0000810016 ivip:AffiliatedExchangeTradedFundsMember ivip:C000057546Member 2026-06-30 0000810016 ivip:AffiliatedMutualFundsMember ivip:C000057546Member 2026-06-30 0000810016 us-gaap:FixedIncomeFundsMember ivip:C000057546Member 2026-06-30 0000810016 ivip:GlobalInternationalEquityFundMember ivip:C000057546Member 2026-06-30 0000810016 ivip:C000057546Member ivip:NomuraFocusedInternationalCoreETFMember 2026-06-30 0000810016 ivip:C000057546Member ivip:NomuraFocusedLargeGrowthETFMember 2026-06-30 0000810016 ivip:C000057546Member ivip:NomuraTransformationalTechnologiesETFMember 2026-06-30 0000810016 ivip:C000057546Member ivip:NomuraVIPCoreEquitySeriesServiceClassMember 2026-06-30 0000810016 ivip:C000057546Member ivip:NomuraVIPCorporateBondSeriesServiceClassMember 2026-06-30 0000810016 ivip:C000057546Member ivip:NomuraVIPGrowthAndIncomeSeriesStandardClassMember 2026-06-30 0000810016 ivip:C000057546Member ivip:NomuraVIPInternationalCoreEquitySeriesStandardClassMember 2026-06-30 0000810016 ivip:C000057546Member ivip:NomuraVIPLimitedTermBondSeriesServiceClassMember 2026-06-30 0000810016 ivip:C000057546Member ivip:NomuraVIPSmidCapCoreSeriesServiceClassMember 2026-06-30 0000810016 ivip:C000057546Member ivip:NomuraVIPValueSeriesServiceClassMember 2026-06-30 0000810016 ivip:USEquityFundsMember ivip:C000057546Member 2026-06-30 0000810016 ivip:C000057547Member 2026-06-30 0000810016 ivip:AffiliatedExchangeTradedFundsMember ivip:C000057547Member 2026-06-30 0000810016 ivip:AffiliatedMutualFundsMember ivip:C000057547Member 2026-06-30 0000810016 us-gaap:FixedIncomeFundsMember ivip:C000057547Member 2026-06-30 0000810016 ivip:GlobalInternationalEquityFundMember ivip:C000057547Member 2026-06-30 0000810016 ivip:C000057547Member ivip:NomuraFocusedInternationalCoreETFMember 2026-06-30 0000810016 ivip:C000057547Member ivip:NomuraFocusedLargeGrowthETFMember 2026-06-30 0000810016 ivip:C000057547Member ivip:NomuraTransformationalTechnologiesETFMember 2026-06-30 0000810016 ivip:C000057547Member ivip:NomuraVIPCoreEquitySeriesServiceClassMember 2026-06-30 0000810016 ivip:C000057547Member ivip:NomuraVIPCorporateBondSeriesServiceClassMember 2026-06-30 0000810016 ivip:C000057547Member ivip:NomuraVIPGrowthAndIncomeSeriesStandardClassMember 2026-06-30 0000810016 ivip:C000057547Member ivip:NomuraVIPHighIncomeSeriesStandardClassMember 2026-06-30 0000810016 ivip:C000057547Member ivip:NomuraVIPInternationalCoreEquitySeriesStandardClassMember 2026-06-30 0000810016 ivip:C000057547Member ivip:NomuraVIPLimitedTermBondSeriesServiceClassMember 2026-06-30 0000810016 ivip:C000057547Member ivip:NomuraVIPSmidCapCoreSeriesServiceClassMember 2026-06-30 0000810016 ivip:USEquityFundsMember ivip:C000057547Member 2026-06-30 0000810016 ivip:C000091476Member 2026-06-30 0000810016 ivip:AgencyCollateralizedMortgageObligationsMember ivip:C000091476Member 2026-06-30 0000810016 ivip:AgencyMortgageBackedSecuritiesMember ivip:C000091476Member 2026-06-30 0000810016 us-gaap:CollateralizedLoanObligationsMember ivip:C000091476Member 2026-06-30 0000810016 us-gaap:CorporateBondSecuritiesMember ivip:C000091476Member 2026-06-30 0000810016 ivip:GovernmentAgencyObligationMember ivip:C000091476Member 2026-06-30 0000810016 ivip:NonAgencyAssetBackedSecuritiesMember ivip:C000091476Member 2026-06-30 0000810016 ivip:NonAgencyCollateralizedMortgageObligationsMember ivip:C000091476Member 2026-06-30 0000810016 ivip:NonAgencyCommercialMortgageBackedSecuritiesMember ivip:C000091476Member 2026-06-30 0000810016 ivip:SovereignBondMember ivip:C000091476Member 2026-06-30 0000810016 ivip:USTreasuryObligationsMember ivip:C000091476Member 2026-06-30 0000810016 ivip:C000129560Member 2026-06-30 0000810016 ivip:AffiliatedExchangeTradedFundsMember ivip:C000129560Member 2026-06-30 0000810016 ivip:AffiliatedMutualFundsMember ivip:C000129560Member 2026-06-30 0000810016 us-gaap:FixedIncomeFundsMember ivip:C000129560Member 2026-06-30 0000810016 ivip:GlobalInternationalEquityFundMember ivip:C000129560Member 2026-06-30 0000810016 ivip:C000129560Member ivip:NomuraFocusedInternationalCoreETFMember 2026-06-30 0000810016 ivip:C000129560Member ivip:NomuraFocusedLargeGrowthETFMember 2026-06-30 0000810016 ivip:C000129560Member ivip:NomuraTransformationalTechnologiesETFMember 2026-06-30 0000810016 ivip:C000129560Member ivip:NomuraVIPCoreEquitySeriesServiceClassMember 2026-06-30 0000810016 ivip:C000129560Member ivip:NomuraVIPCorporateBondSeriesServiceClassMember 2026-06-30 0000810016 ivip:C000129560Member ivip:NomuraVIPGrowthAndIncomeSeriesStandardClassMember 2026-06-30 0000810016 ivip:C000129560Member ivip:NomuraVIPInternationalCoreEquitySeriesStandardClassMember 2026-06-30 0000810016 ivip:C000129560Member ivip:NomuraVIPLimitedTermBondSeriesServiceClassMember 2026-06-30 0000810016 ivip:C000129560Member ivip:NomuraVIPSmidCapCoreSeriesServiceClassMember 2026-06-30 0000810016 ivip:C000129560Member ivip:NomuraVIPValueSeriesServiceClassMember 2026-06-30 0000810016 ivip:USEquityFundsMember ivip:C000129560Member 2026-06-30 0000810016 ivip:C000129561Member 2026-06-30 0000810016 ivip:AffiliatedExchangeTradedFundsMember ivip:C000129561Member 2026-06-30 0000810016 ivip:AffiliatedMutualFundsMember ivip:C000129561Member 2026-06-30 0000810016 us-gaap:FixedIncomeFundsMember ivip:C000129561Member 2026-06-30 0000810016 ivip:GlobalInternationalEquityFundMember ivip:C000129561Member 2026-06-30 0000810016 ivip:C000129561Member ivip:NomuraFocusedInternationalCoreETFMember 2026-06-30 0000810016 ivip:C000129561Member ivip:NomuraFocusedLargeGrowthETFMember 2026-06-30 0000810016 ivip:C000129561Member ivip:NomuraTransformationalTechnologiesETFMember 2026-06-30 0000810016 ivip:C000129561Member ivip:NomuraVIPCoreEquitySeriesServiceClassMember 2026-06-30 0000810016 ivip:C000129561Member ivip:NomuraVIPCorporateBondSeriesServiceClassMember 2026-06-30 0000810016 ivip:C000129561Member ivip:NomuraVIPGrowthAndIncomeSeriesStandardClassMember 2026-06-30 0000810016 ivip:C000129561Member ivip:NomuraVIPInternationalCoreEquitySeriesStandardClassMember 2026-06-30 0000810016 ivip:C000129561Member ivip:NomuraVIPLimitedTermBondSeriesServiceClassMember 2026-06-30 0000810016 ivip:C000129561Member ivip:NomuraVIPSmidCapCoreSeriesServiceClassMember 2026-06-30 0000810016 ivip:C000129561Member ivip:NomuraVIPValueSeriesServiceClassMember 2026-06-30 0000810016 ivip:USEquityFundsMember ivip:C000129561Member 2026-06-30 0000810016 ivip:C000129562Member 2026-06-30 0000810016 ivip:AffiliatedExchangeTradedFundsMember ivip:C000129562Member 2026-06-30 0000810016 ivip:AffiliatedMutualFundsMember ivip:C000129562Member 2026-06-30 0000810016 us-gaap:FixedIncomeFundsMember ivip:C000129562Member 2026-06-30 0000810016 ivip:GlobalInternationalEquityFundMember ivip:C000129562Member 2026-06-30 0000810016 ivip:C000129562Member ivip:NomuraFocusedInternationalCoreETFMember 2026-06-30 0000810016 ivip:C000129562Member ivip:NomuraFocusedLargeGrowthETFMember 2026-06-30 0000810016 ivip:C000129562Member ivip:NomuraTransformationalTechnologiesETFMember 2026-06-30 0000810016 ivip:C000129562Member ivip:NomuraVIPCoreEquitySeriesServiceClassMember 2026-06-30 0000810016 ivip:C000129562Member ivip:NomuraVIPCorporateBondSeriesServiceClassMember 2026-06-30 0000810016 ivip:C000129562Member ivip:NomuraVIPGrowthAndIncomeSeriesStandardClassMember 2026-06-30 0000810016 ivip:C000129562Member ivip:NomuraVIPInternationalCoreEquitySeriesStandardClassMember 2026-06-30 0000810016 ivip:C000129562Member ivip:NomuraVIPLimitedTermBondSeriesServiceClassMember 2026-06-30 0000810016 ivip:C000129562Member ivip:NomuraVIPSmidCapCoreSeriesServiceClassMember 2026-06-30 0000810016 ivip:C000129562Member ivip:NomuraVIPValueSeriesServiceClassMember 2026-06-30 0000810016 ivip:USEquityFundsMember ivip:C000129562Member 2026-06-30 0000810016 ivip:C000190645Member 2026-06-30 0000810016 ivip:AgencyMortgageBackedSecuritiesMember ivip:C000190645Member 2026-06-30 0000810016 ivip:C000190645Member ivip:AlimentationCoucheTardMember 2026-06-30 0000810016 ivip:C000190645Member ivip:AlphabetClassAMember 2026-06-30 0000810016 ivip:C000190645Member ivip:AmazonComMember 2026-06-30 0000810016 ivip:C000190645Member ivip:AppleMember 2026-06-30 0000810016 ivip:BullionMember ivip:C000190645Member 2026-06-30 0000810016 us-gaap:CollateralizedLoanObligationsMember ivip:C000190645Member 2026-06-30 0000810016 us-gaap:CommonStockMember ivip:C000190645Member 2026-06-30 0000810016 us-gaap:CorporateBondSecuritiesMember ivip:C000190645Member 2026-06-30 0000810016 ivip:C000190645Member ivip:EliLillyAndCoMember 2026-06-30 0000810016 us-gaap:ExchangeTradedFundsMember ivip:C000190645Member 2026-06-30 0000810016 ivip:C000190645Member ivip:KLAMember 2026-06-30 0000810016 ivip:C000190645Member ivip:MicrosoftMember 2026-06-30 0000810016 ivip:NonAgencyAssetBackedSecuritiesMember ivip:C000190645Member 2026-06-30 0000810016 ivip:NonAgencyCollateralizedMortgageObligationsMember ivip:C000190645Member 2026-06-30 0000810016 ivip:NonAgencyCommercialMortgageBackedSecuritiesMember ivip:C000190645Member 2026-06-30 0000810016 ivip:C000190645Member ivip:NVIDIAMember 2026-06-30 0000810016 ivip:C000190645Member ivip:SKHynixMember 2026-06-30 0000810016 ivip:C000190645Member ivip:TaiwanSemiconductorManufacturingMember 2026-06-30 0000810016 ivip:USTreasuryObligationsMember ivip:C000190645Member 2026-06-30 0000810016 ivip:C000190647Member 2026-06-30 0000810016 ivip:C000190647Member ivip:CloudflareClassAMember 2026-06-30 0000810016 ivip:C000190647Member oef:CommunicationsSectorMember 2026-06-30 0000810016 ivip:C000190647Member oef:ConsumerDiscretionarySectorMember 2026-06-30 0000810016 ivip:C000190647Member oef:ConsumerStaplesSectorMember 2026-06-30 0000810016 ivip:C000190647Member ivip:DatadogClassAMember 2026-06-30 0000810016 ivip:C000190647Member ivip:EdwardsLifesciencesMember 2026-06-30 0000810016 ivip:C000190647Member ivip:FastenalMember 2026-06-30 0000810016 ivip:C000190647Member us-gaap:FinancialServicesSectorMember 2026-06-30 0000810016 ivip:C000190647Member us-gaap:HealthcareSectorMember 2026-06-30 0000810016 ivip:C000190647Member ivip:IDEXXLaboratoriesMember 2026-06-30 0000810016 ivip:C000190647Member oef:IndustrialSectorMember 2026-06-30 0000810016 ivip:C000190647Member oef:InformationTechnologySectorMember 2026-06-30 0000810016 ivip:C000190647Member oef:MaterialsSectorMember 2026-06-30 0000810016 ivip:C000190647Member ivip:MonolithicPowerSystemsMember 2026-06-30 0000810016 ivip:C000190647Member ivip:NovantaMember 2026-06-30 0000810016 ivip:C000190647Member us-gaap:RealEstateSectorMember 2026-06-30 0000810016 ivip:C000190647Member ivip:SnowflakeClassAMember 2026-06-30 0000810016 ivip:C000190647Member ivip:SPXTechnologiesMember 2026-06-30 0000810016 ivip:C000190647Member ivip:SterlingInfrastructureMember 2026-06-30 0000810016 ivip:C000190648Member 2026-06-30 0000810016 ivip:C000190648Member ivip:AdvancedMicroDevicesMember 2026-06-30 0000810016 ivip:C000190648Member ivip:AppleMember 2026-06-30 0000810016 ivip:C000190648Member ivip:BroadcomMember 2026-06-30 0000810016 ivip:C000190648Member oef:CommunicationsSectorMember 2026-06-30 0000810016 ivip:C000190648Member oef:ConsumerDiscretionarySectorMember 2026-06-30 0000810016 ivip:C000190648Member us-gaap:HealthcareSectorMember 2026-06-30 0000810016 ivip:C000190648Member oef:IndustrialSectorMember 2026-06-30 0000810016 ivip:C000190648Member oef:InformationTechnologySectorMember 2026-06-30 0000810016 ivip:C000190648Member ivip:LamResearchMember 2026-06-30 0000810016 ivip:C000190648Member ivip:NVIDIAMember 2026-06-30 0000810016 ivip:C000190648Member ivip:SamsungElectronicsMember 2026-06-30 0000810016 ivip:C000190648Member ivip:SeagateTechnologyHoldingsMember 2026-06-30 0000810016 ivip:C000190648Member ivip:TaiwanSemiconductorManufacturingADRMember 2026-06-30 0000810016 ivip:C000190648Member ivip:TexasInstrumentsMember 2026-06-30 0000810016 ivip:C000190648Member ivip:WesternDigitalMember 2026-06-30 0000810016 ivip:C000190649Member 2026-06-30 0000810016 ivip:C000190649Member ivip:BasicIndustryMember 2026-06-30 0000810016 ivip:C000190649Member ivip:CapitalGoodsMember 2026-06-30 0000810016 ivip:C000190649Member ivip:ElectricMember 2026-06-30 0000810016 ivip:C000190649Member us-gaap:EnergySectorMember 2026-06-30 0000810016 ivip:C000190649Member us-gaap:FinancialServicesSectorMember 2026-06-30 0000810016 ivip:C000190649Member us-gaap:HealthcareSectorMember 2026-06-30 0000810016 ivip:C000190649Member ivip:LeisureMember 2026-06-30 0000810016 ivip:C000190649Member ivip:MediaMember 2026-06-30 0000810016 ivip:C000190649Member ivip:ServicesMember 2026-06-30 0000810016 ivip:C000190649Member ivip:TelecommunicationsMember 2026-06-30 0000810016 ivip:C000190650Member 2026-06-30 0000810016 ivip:C000190650Member ivip:BPADRMember 2026-06-30 0000810016 ivip:C000190650Member ivip:CanadianNaturalResourcesMember 2026-06-30 0000810016 ivip:C000190650Member ivip:CoalAndConsumableFuelsMember 2026-06-30 0000810016 ivip:C000190650Member ivip:ConocoPhillipsMember 2026-06-30 0000810016 ivip:C000190650Member ivip:DiamondbackEnergyMember 2026-06-30 0000810016 ivip:C000190650Member ivip:ElectricalComponentsAndEquipmentMember 2026-06-30 0000810016 ivip:C000190650Member ivip:ExpandEnergyMember 2026-06-30 0000810016 ivip:C000190650Member ivip:ExxonMobilMember 2026-06-30 0000810016 ivip:C000190650Member ivip:HeavyElectricalEquipmentMember 2026-06-30 0000810016 ivip:C000190650Member ivip:IndependentPowerProducersAndEnergyTradersMember 2026-06-30 0000810016 ivip:C000190650Member ivip:IntegratedOilAndGasMember 2026-06-30 0000810016 ivip:C000190650Member ivip:OilAndGasDrillingMember 2026-06-30 0000810016 ivip:C000190650Member ivip:OilAndGasEquipmentAndServicesMember 2026-06-30 0000810016 ivip:C000190650Member ivip:OilAndGasExplorationAndProductionSectorMember 2026-06-30 0000810016 ivip:C000190650Member ivip:OilAndGasRefiningAndMarketingSectorMember 2026-06-30 0000810016 ivip:C000190650Member ivip:OvintivMember 2026-06-30 0000810016 ivip:C000190650Member ivip:PermianResourcesClassAMember 2026-06-30 0000810016 ivip:C000190650Member ivip:SLBMember 2026-06-30 0000810016 ivip:C000190650Member ivip:TotalEnergiesMember 2026-06-30 0000810016 ivip:C000203521Member 2026-06-30 0000810016 ivip:C000203521Member ivip:A10NetworksMember 2026-06-30 0000810016 ivip:C000203521Member ivip:AdaptiveBiotechnologiesMember 2026-06-30 0000810016 ivip:C000203521Member ivip:AdvancedEnergyIndustriesMember 2026-06-30 0000810016 ivip:C000203521Member ivip:AgilysysMember 2026-06-30 0000810016 ivip:C000203521Member oef:CommunicationsSectorMember 2026-06-30 0000810016 ivip:C000203521Member oef:ConsumerDiscretionarySectorMember 2026-06-30 0000810016 ivip:C000203521Member oef:ConsumerStaplesSectorMember 2026-06-30 0000810016 ivip:C000203521Member ivip:DigitalOceanHoldingsMember 2026-06-30 0000810016 ivip:C000203521Member ivip:EncompassHealthMember 2026-06-30 0000810016 ivip:C000203521Member us-gaap:EnergySectorMember 2026-06-30 0000810016 ivip:C000203521Member us-gaap:FinancialServicesSectorMember 2026-06-30 0000810016 ivip:C000203521Member ivip:FirstCashHoldingsMember 2026-06-30 0000810016 ivip:C000203521Member us-gaap:HealthcareSectorMember 2026-06-30 0000810016 ivip:C000203521Member oef:IndustrialSectorMember 2026-06-30 0000810016 ivip:C000203521Member oef:InformationTechnologySectorMember 2026-06-30 0000810016 ivip:C000203521Member ivip:KontoorBrandsMember 2026-06-30 0000810016 ivip:C000203521Member oef:MaterialsSectorMember 2026-06-30 0000810016 ivip:C000203521Member ivip:MirumPharmaceuticalsMember 2026-06-30 0000810016 ivip:C000203521Member ivip:PriceSmartMember 2026-06-30 0000810016 ivip:C000246484Member 2026-06-30 0000810016 ivip:C000246484Member ivip:ASMLHoldingMember 2026-06-30 0000810016 ivip:C000246484Member ivip:BancoBilbaoVizcayaArgentariaMember 2026-06-30 0000810016 ivip:C000246484Member ivip:BarclaysMember 2026-06-30 0000810016 ivip:C000246484Member country:BR 2026-06-30 0000810016 ivip:C000246484Member country:CA 2026-06-30 0000810016 ivip:C000246484Member oef:CommunicationsSectorMember 2026-06-30 0000810016 ivip:C000246484Member oef:ConsumerDiscretionarySectorMember 2026-06-30 0000810016 ivip:C000246484Member oef:ConsumerStaplesSectorMember 2026-06-30 0000810016 ivip:C000246484Member ivip:DaikinIndustriesMember 2026-06-30 0000810016 ivip:C000246484Member country:DE 2026-06-30 0000810016 ivip:C000246484Member us-gaap:EnergySectorMember 2026-06-30 0000810016 ivip:C000246484Member us-gaap:FinancialServicesSectorMember 2026-06-30 0000810016 ivip:C000246484Member country:GB 2026-06-30 0000810016 ivip:C000246484Member us-gaap:HealthcareSectorMember 2026-06-30 0000810016 ivip:C000246484Member country:IN 2026-06-30 0000810016 ivip:C000246484Member oef:IndustrialSectorMember 2026-06-30 0000810016 ivip:C000246484Member oef:InformationTechnologySectorMember 2026-06-30 0000810016 ivip:C000246484Member ivip:INGGroepMember 2026-06-30 0000810016 ivip:C000246484Member country:JP 2026-06-30 0000810016 ivip:C000246484Member country:KR 2026-06-30 0000810016 ivip:C000246484Member oef:MaterialsSectorMember 2026-06-30 0000810016 ivip:C000246484Member ivip:MitsubishiUFJFinancialGroupMember 2026-06-30 0000810016 ivip:C000246484Member country:NL 2026-06-30 0000810016 ivip:C000246484Member us-gaap:RealEstateSectorMember 2026-06-30 0000810016 ivip:C000246484Member ivip:SamsungElectronicsMember 2026-06-30 0000810016 ivip:C000246484Member ivip:SKHynixMember 2026-06-30 0000810016 ivip:C000246484Member ivip:SMCMember 2026-06-30 0000810016 ivip:C000246484Member ivip:TaiwanSemiconductorManufacturingMember 2026-06-30 0000810016 ivip:C000246484Member country:TW 2026-06-30 0000810016 ivip:C000246484Member country:US 2026-06-30 0000810016 ivip:C000246484Member oef:UtilitiesSectorMember 2026-06-30 iso4217:USD pure ivip:Holding 0000810016 false true true true true true true true true true N-1A true true true true true true true true true true true true true true true true true true true true true true semi-annual shareholder report N-CSRS semi-annual shareholder report semi-annual shareholder report semi-annual shareholder report semi-annual shareholder report semi-annual shareholder report semi-annual shareholder report semi-annual shareholder report semi-annual shareholder report semi-annual shareholder report semi-annual shareholder report semi-annual shareholder report semi-annual shareholder report semi-annual shareholder report semi-annual shareholder report semi-annual shareholder report semi-annual shareholder report semi-annual shareholder report semi-annual shareholder report semi-annual shareholder report semi-annual shareholder report semi-annual shareholder report semi-annual shareholder report semi-annual shareholder report semi-annual shareholder report semi-annual shareholder report semi-annual shareholder report semi-annual shareholder report semi-annual shareholder report semi-annual shareholder report semi-annual shareholder report Ivy Variable Insurance Portfolios 2026-06-30 Nomura VIP Asset Strategy Series(formerly, Macquarie VIP Asset Strategy Series) Standard Class This <span class="sec-hidden" style="-sec-ix-hidden: t_7_d9e88836_8421_cd37_ce3c_4d5d178f57fb;">semiannual shareholder report</span> contains important information about Nomura VIP Asset Strategy Series (Series) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">January 1, 2026,</span> to June 30, 2026. You can find additional information about the Series at<span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;"> nomuraassetmanagement.com/vip-literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET.  nomuraassetmanagement.com/vip-literature  800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Series'</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Standard Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>29</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">0.57<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table> 29 0.0057 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> statistics </b>(as of June 30, 2026)</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Series net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>580,251,270</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">405</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total net advisory fees paid (during reporting period)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>1,420,751</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">39<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table> 580251270 405 1420751 0.39 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> holdings</b> (as of June 30, 2026)</div> <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The tables below show the investment makeup of the Series, with each category representing a percentage of the total net assets of the Series.</div> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Portfolio composition</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Common Stocks</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">60.46<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Corporate Bonds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">9.33<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Agency Mortgage-Backed Securities</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">7.32<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Bullion</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">6.56<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Exchange-Traded Funds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">5.36<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">US Treasury Obligations</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.24<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Non-Agency Commercial Mortgage-Backed Securities</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.13<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Non-Agency Asset-Backed Securities</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.17<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Non-Agency Collateralized Mortgage Obligations</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.09<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Collateralized Loan Obligations</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.59<span>%</span></td> </tr> </table> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">NVIDIA</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.63<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Taiwan Semiconductor Manufacturing</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.61<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Apple</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.04<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">KLA</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.98<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Alphabet Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.71<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Eli Lilly &amp; Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.65<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">SK hynix</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.60<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Microsoft</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.47<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Alimentation Couche-Tard</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.41<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Amazon.com</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.35<span>%</span></td> </tr> </table> 0.6046 0.0933 0.0732 0.0656 0.0536 0.0324 0.0313 0.0117 0.0109 0.0059 <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">NVIDIA</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.63<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Taiwan Semiconductor Manufacturing</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.61<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Apple</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.04<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">KLA</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.98<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Alphabet Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.71<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Eli Lilly &amp; Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.65<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">SK hynix</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.60<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Microsoft</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.47<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Alimentation Couche-Tard</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.41<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Amazon.com</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.35<span>%</span></td> </tr> </table> 0.0363 0.0361 0.0204 0.0198 0.0171 0.0165 0.0160 0.0147 0.0141 0.0135 Nomura VIP Asset Strategy Series(formerly, Macquarie VIP Asset Strategy Series) Service Class This <span class="sec-hidden" style="-sec-ix-hidden: t_5_5d6cb061_7b09_69b8_1bb1_30290bdadb95;">semiannual shareholder report</span> contains important information about Nomura VIP Asset Strategy Series (Series) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">January 1, 2026,</span> to June 30, 2026. You can find additional information about the Series at<span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;"> nomuraassetmanagement.com/vip-literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET.  nomuraassetmanagement.com/vip-literature  800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Series'</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Service Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>42</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">0.82<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table> 42 0.0082 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> statistics </b>(as of June 30, 2026)</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Series net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>580,251,270</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">405</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total net advisory fees paid (during reporting period)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>1,420,751</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">39<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table> 580251270 405 1420751 0.39 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> holdings</b> (as of June 30, 2026)</div> <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The tables below show the investment makeup of the Series, with each category representing a percentage of the total net assets of the Series.</div> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Portfolio composition</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Common Stocks</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">60.46<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Corporate Bonds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">9.33<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Agency Mortgage-Backed Securities</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">7.32<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Bullion</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">6.56<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Exchange-Traded Funds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">5.36<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">US Treasury Obligations</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.24<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Non-Agency Commercial Mortgage-Backed Securities</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.13<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Non-Agency Asset-Backed Securities</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.17<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Non-Agency Collateralized Mortgage Obligations</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.09<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Collateralized Loan Obligations</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.59<span>%</span></td> </tr> </table> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">NVIDIA</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.63<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Taiwan Semiconductor Manufacturing</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.61<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Apple</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.04<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">KLA</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.98<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Alphabet Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.71<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Eli Lilly &amp; Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.65<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">SK hynix</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.60<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Microsoft</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.47<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Alimentation Couche-Tard</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.41<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Amazon.com</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.35<span>%</span></td> </tr> </table> 0.6046 0.0933 0.0732 0.0656 0.0536 0.0324 0.0313 0.0117 0.0109 0.0059 <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">NVIDIA</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.63<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Taiwan Semiconductor Manufacturing</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.61<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Apple</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.04<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">KLA</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.98<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Alphabet Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.71<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Eli Lilly &amp; Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.65<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">SK hynix</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.60<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Microsoft</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.47<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Alimentation Couche-Tard</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.41<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Amazon.com</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.35<span>%</span></td> </tr> </table> 0.0363 0.0361 0.0204 0.0198 0.0171 0.0165 0.0160 0.0147 0.0141 0.0135 Nomura VIP Balanced Series(formerly, Macquarie VIP Balanced Series) Service Class This <span><span><span><span class="sec-hidden" style="-sec-ix-hidden:t_11_963bc497_6aad_f774_2d80_d02c5c106b8e">semiannual shareholder report</span></span></span></span> contains important information about Nomura VIP Balanced Series (Series) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">January 1, 2026,</span> to June 30, 2026. You can find additional information about the Series at nomuraassetmanagement.com/vip-literature. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET. nomuraassetmanagement.com/vip-literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Series'</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div><div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Service Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>52</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">1.02<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table> 52 0.0102 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> statistics </b>(as of June 30, 2026)</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Series net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>223,068,287</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">396</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total net advisory fees paid (during reporting period)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>699,359</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">42<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table> 223068287 396 699359 0.42 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> holdings</b> (as of June 30, 2026)</div><div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The tables below show the investment makeup of the Series, with each category representing a percentage of the total net assets of the Series.</div><div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Portfolio composition</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Common Stocks</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">60.64<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Corporate Bonds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">10.74<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Agency Mortgage-Backed Securities</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">8.16<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Exchange-Traded Funds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">7.53<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">US Treasury Obligations</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.78<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Non-Agency Commercial Mortgage-Backed Securities</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.50<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Non-Agency Collateralized Mortgage Obligations</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.20<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Non-Agency Asset-Backed Securities</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.11<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Agency Commercial Mortgage-Backed Securities</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.24<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Agency Collateralized Mortgage Obligations</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.20<span>%</span></td> </tr> </table><div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">NVIDIA</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.00<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Apple</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.37<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Taiwan Semiconductor Manufacturing ADR</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.29<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Applied Materials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.27<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Alphabet Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.22<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Howmet Aerospace</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.18<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Seagate Technology Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.16<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Microsoft</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.13<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Alphabet Class C</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.97<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Advanced Micro Devices</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.89<span>%</span></td> </tr> </table> 0.6064 0.1074 0.0816 0.0753 0.0478 0.0350 0.0120 0.0111 0.0024 0.0020 <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">NVIDIA</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.00<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Apple</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.37<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Taiwan Semiconductor Manufacturing ADR</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.29<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Applied Materials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.27<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Alphabet Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.22<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Howmet Aerospace</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.18<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Seagate Technology Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.16<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Microsoft</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.13<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Alphabet Class C</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.97<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Advanced Micro Devices</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.89<span>%</span></td> </tr> </table> 0.0400 0.0337 0.0329 0.0227 0.0222 0.0218 0.0216 0.0213 0.0197 0.0189 Nomura VIP Core Equity Series(formerly, Macquarie VIP Core Equity Series) Service Class This <span class="sec-hidden" style="-sec-ix-hidden:t_3_97ff069f_09d7_9159_3214_55e2df21d281">semiannual shareholder report</span> contains important information about Nomura VIP Core Equity Series (Series) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">January 1, 2026,</span> to June 30, 2026. You can find additional information about the Series at nomuraassetmanagement.com/vip-literature. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET. nomuraassetmanagement.com/vip-literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Series'</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div><div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Service Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>50</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">0.95<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table> 50 0.0095 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> statistics </b>(as of June 30, 2026)</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Series net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>712,337,473</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">48</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total net advisory fees paid (during reporting period)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>2,214,065</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">28<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table> 712337473 48 2214065 0.28 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> holdings</b> (as of June 30, 2026)</div><div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The tables below show the investment makeup of the Series, with each category representing a percentage of the total net assets of the Series.</div><div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Sector allocation*</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Information Technology</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">35.38<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Industrials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">17.41<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Financials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">15.84<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Communication Services</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">8.38<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Healthcare</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">7.20<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Discretionary</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">5.26<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Utilities</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.87<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Staples</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.22<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Materials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.02<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Energy</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.20<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> </table><div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Alphabet Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">6.77<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">NVIDIA</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">6.46<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Apple</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.43<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Taiwan Semiconductor Manufacturing ADR</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.30<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Applied Materials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.66<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Howmet Aerospace</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.52<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Seagate Technology Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.48<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Microsoft</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.47<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Advanced Micro Devices</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.05<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Amazon.com</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.03<span>%</span></td> </tr> </table><div style="margin-top: 0px; font-family: 'arial'; font-weight: 400; color: rgb(0, 0, 0); line-height: 10pt; margin-bottom: 10pt; font-size: 10pt; font-style: normal;">* Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.</div> 0.3538 0.1741 0.1584 0.0838 0.0720 0.0526 0.0287 0.0222 0.0202 0.0120 <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Alphabet Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">6.77<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">NVIDIA</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">6.46<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Apple</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.43<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Taiwan Semiconductor Manufacturing ADR</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.30<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Applied Materials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.66<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Howmet Aerospace</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.52<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Seagate Technology Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.48<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Microsoft</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.47<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Advanced Micro Devices</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.05<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Amazon.com</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.03<span>%</span></td> </tr> </table> 0.0677 0.0646 0.0543 0.0530 0.0366 0.0352 0.0348 0.0347 0.0305 0.0303 Nomura VIP Corporate Bond Series(formerly, Macquarie VIP Corporate Bond Series) Service Class This <span><span><span class="sec-hidden" style="-sec-ix-hidden: t_10_dfd77783_1df1_9185_013b_b37ca8b5d22b;">semiannual shareholder report</span></span></span> contains important information about Nomura VIP Corporate Bond Series (Series) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">January 1, 2026,</span> to June 30, 2026. You can find additional information about the Series at<span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;"> nomuraassetmanagement.com/vip-literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET.  nomuraassetmanagement.com/vip-literature  800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Series'</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Service Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>39</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">0.78<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table> 39 0.0078 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> statistics </b>(as of June 30, 2026)</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Series net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>390,237,786</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">249</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total net advisory fees paid (during reporting period)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>875,855</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">113<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table> 390237786 249 875855 1.13 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> holdings</b> (as of June 30, 2026)</div> <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The table below shows the investment makeup of the Series, with each category representing a percentage of the total net assets of the Series.</div> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Sector allocation</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Banking</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">23.81<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Electric</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">9.79<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Non-Cyclical</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">8.33<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Communications</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">8.03<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Energy</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">7.14<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Technology</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">7.04<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Finance Companies</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">6.52<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Capital Goods</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.98<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Insurance</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.55<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Cyclical</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.14<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> </table> 0.2381 0.0979 0.0833 0.0803 0.0714 0.0704 0.0652 0.0498 0.0455 0.0414 Nomura VIP Energy Series(formerly, Macquarie VIP Energy Series) Standard Class This <span class="sec-hidden" style="-sec-ix-hidden: t_7_40ef089a_6138_d8aa_eeed_d8e54455335b;">semiannual shareholder report</span> contains important information about Nomura VIP Energy Series (Series) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">January 1, 2026,</span> to June 30, 2026. You can find additional information about the Series at<span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;"> nomuraassetmanagement.com/vip-literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET.  nomuraassetmanagement.com/vip-literature  800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Series'</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Standard Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>46</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">0.85<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table> 46 0.0085 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> statistics </b>(as of June 30, 2026)</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Series net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>89,784,832</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">36</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total net advisory fees paid (during reporting period)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>346,296</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">48<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table> 89784832 36 346296 0.48 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> holdings</b> (as of June 30, 2026)</div> <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The tables below show the investment makeup of the Series, with each category representing a percentage of the total net assets of the Series.</div> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Sector allocation*</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Oil &amp; Gas Exploration &amp; Production</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">48.68<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Integrated Oil &amp; Gas</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">20.77<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Oil &amp; Gas Equipment &amp; Services</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">12.59<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Coal &amp; Consumable Fuels</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">5.33<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Oil &amp; Gas Refining &amp; Marketing</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.62<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Oil &amp; Gas Drilling</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.29<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Electrical Components &amp; Equipment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.57<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Heavy Electrical Equipment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.80<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Independent Power Producers &amp; Energy Traders</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.57<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> </table> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Canadian Natural Resources</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.92<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Ovintiv</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.73<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Diamondback Energy</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.68<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Permian Resources Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.63<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">ConocoPhillips</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.57<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Exxon Mobil</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.31<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">BP ADR</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.86<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">SLB</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.81<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Expand Energy</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.74<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">TotalEnergies</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.15<span>%</span></td> </tr> </table> <div style="margin-top: 0px; font-family: 'arial'; font-weight: 400; color: rgb(0, 0, 0); line-height: 10pt; margin-bottom: 10pt; font-size: 10pt; font-style: normal;">* Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.</div> 0.4868 0.2077 0.1259 0.0533 0.0262 0.0229 0.0157 0.0080 0.0057 <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Canadian Natural Resources</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.92<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Ovintiv</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.73<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Diamondback Energy</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.68<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Permian Resources Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.63<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">ConocoPhillips</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.57<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Exxon Mobil</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.31<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">BP ADR</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.86<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">SLB</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.81<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Expand Energy</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.74<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">TotalEnergies</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.15<span>%</span></td> </tr> </table> 0.0592 0.0573 0.0568 0.0563 0.0557 0.0531 0.0486 0.0481 0.0474 0.0415 Nomura VIP Energy Series(formerly, Macquarie VIP Energy Series) Service Class This <span class="sec-hidden" style="-sec-ix-hidden:t_8_70cc491a_3ba3_c96f_2de9_d6b850d19ab8">semiannual shareholder report</span> contains important information about Nomura VIP Energy Series (Series) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">January 1, 2026,</span> to June 30, 2026. You can find additional information about the Series at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">nomuraassetmanagement.com/vip-literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET. nomuraassetmanagement.com/vip-literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Series'</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Service Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>59</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">1.10<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table> 59 0.0110 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> statistics </b>(as of June 30, 2026)</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Series net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>89,784,832</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">36</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total net advisory fees paid (during reporting period)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>346,296</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">48<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table> 89784832 36 346296 0.48 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> holdings</b> (as of June 30, 2026)</div> <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The tables below show the investment makeup of the Series, with each category representing a percentage of the total net assets of the Series.</div> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Sector allocation*</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Oil &amp; Gas Exploration &amp; Production</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">48.68<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Integrated Oil &amp; Gas</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">20.77<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Oil &amp; Gas Equipment &amp; Services</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">12.59<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Coal &amp; Consumable Fuels</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">5.33<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Oil &amp; Gas Refining &amp; Marketing</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.62<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Oil &amp; Gas Drilling</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.29<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Electrical Components &amp; Equipment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.57<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Heavy Electrical Equipment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.80<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Independent Power Producers &amp; Energy Traders</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.57<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> </table> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Canadian Natural Resources</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.92<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Ovintiv</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.73<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Diamondback Energy</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.68<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Permian Resources Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.63<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">ConocoPhillips</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.57<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Exxon Mobil</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.31<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">BP ADR</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.86<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">SLB</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.81<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Expand Energy</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.74<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">TotalEnergies</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.15<span>%</span></td> </tr> </table> <div style="margin-top: 0px; font-family: 'arial'; font-weight: 400; color: rgb(0, 0, 0); line-height: 10pt; margin-bottom: 10pt; font-size: 10pt; font-style: normal;">* Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.</div> 0.4868 0.2077 0.1259 0.0533 0.0262 0.0229 0.0157 0.0080 0.0057 <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Canadian Natural Resources</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.92<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Ovintiv</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.73<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Diamondback Energy</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.68<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Permian Resources Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.63<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">ConocoPhillips</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.57<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Exxon Mobil</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.31<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">BP ADR</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.86<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">SLB</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.81<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Expand Energy</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.74<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">TotalEnergies</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.15<span>%</span></td> </tr> </table> 0.0592 0.0573 0.0568 0.0563 0.0557 0.0531 0.0486 0.0481 0.0474 0.0415 Nomura VIP Global Growth Series(formerly, Macquarie VIP Global Growth Series) Service Class This <span><span class="sec-hidden" style="-sec-ix-hidden: t_11_b55a2cb2_03ed_0572_3eab_cfeca75054bc;">semiannual shareholder report</span></span> contains important information about Nomura VIP Global Growth Series (Series) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">January 1, 2026,</span> to June 30, 2026. You can find additional information about the Series at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">nomuraassetmanagement.com/vip-literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET. nomuraassetmanagement.com/vip-literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Series'</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Service Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>54</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">1.04<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table> 54 0.0104 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> statistics </b>(as of June 30, 2026)</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Series net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>167,068,310</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">57</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total net advisory fees paid (during reporting period)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>506,906</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">24<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table> 167068310 57 506906 0.24 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> holdings</b> (as of June 30, 2026)</div> <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The tables below show the investment makeup of the Series, with each category representing a percentage of the total net assets of the Series.</div> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Country allocation</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">United States</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">63.42<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Taiwan</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">5.90<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">United Kingdom</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.13<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">India</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.94<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">France</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.68<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">South Korea</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.63<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Japan</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.48<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Canada</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.30<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Denmark</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.18<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Spain</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.15<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> </table> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Sector allocation*</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Information Technology</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">30.16<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Financials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">15.16<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Industrials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">13.74<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Healthcare</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">9.68<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Consumer Discretionary</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">9.26<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Communication Services</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">7.64<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Consumer Staples</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.99<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Materials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.90<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Energy</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.72<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Utilities</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.58<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt;"><strong></strong></td> </tr> </table> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">NVIDIA</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">5.93<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Taiwan Semiconductor Manufacturing</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">5.90<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Apple</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.34<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">KLA</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.22<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Alphabet Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.79<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Eli Lilly &amp; Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.68<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">SK hynix</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.63<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Microsoft</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.40<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Alimentation Couche-Tard</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.30<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Amazon.com</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.20<span>%</span></td> </tr> </table> <div style="margin-top: 0px; font-family: 'arial'; font-weight: 400; color: rgb(0, 0, 0); line-height: 10pt; margin-bottom: 10pt; font-size: 10pt; font-style: normal;">* Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.</div> 0.6342 0.0590 0.0313 0.0294 0.0268 0.0263 0.0248 0.0230 0.0218 0.0215 0.3016 0.1516 0.1374 0.0968 0.0926 0.0764 0.0599 0.0390 0.0172 0.0158 <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">NVIDIA</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">5.93<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Taiwan Semiconductor Manufacturing</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">5.90<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Apple</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.34<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">KLA</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.22<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Alphabet Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.79<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Eli Lilly &amp; Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.68<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">SK hynix</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.63<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Microsoft</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.40<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Alimentation Couche-Tard</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.30<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Amazon.com</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.20<span>%</span></td> </tr> </table> 0.0593 0.0590 0.0334 0.0322 0.0279 0.0268 0.0263 0.0240 0.0230 0.0220 Nomura VIP Growth Series(formerly, Macquarie VIP Growth Series) Service Class This <span class="sec-hidden" style="-sec-ix-hidden:t_4_06cf06d9_3acb_c7d1_d9b4_6f1d271f8d87">semiannual shareholder report</span> contains important information about Nomura VIP Growth Series (Series) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">January 1, 2026,</span> to June 30, 2026. You can find additional information about the Series at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">nomuraassetmanagement.com/vip-literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET. nomuraassetmanagement.com/vip-literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Series'</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div><div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Service Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>50</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">1.01<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table> 50 0.0101 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> statistics </b>(as of June 30, 2026)</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Series net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>476,381,389</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">35</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total net advisory fees paid (during reporting period)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>1,615,552</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">16<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table> 476381389 35 1615552 0.16 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> holdings</b> (as of June 30, 2026)</div><div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The tables below show the investment makeup of the Series, with each category representing a percentage of the total net assets of the Series.</div><div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Sector allocation*</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Information Technology</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">47.27<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Healthcare</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">13.59<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Financials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">12.85<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Communication Services</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">9.86<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Industrials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">7.45<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Discretionary</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">7.07<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Materials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.49<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Staples</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.16<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> </table><div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">NVIDIA</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">15.64<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Apple</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">8.61<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Microsoft</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">7.76<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Alphabet Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">7.11<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Advanced Micro Devices</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.15<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Amazon.com</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.08<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Visa Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.88<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Eli Lilly &amp; Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.82<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Taiwan Semiconductor Manufacturing ADR</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.00<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Broadcom</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.22<span>%</span></td> </tr> </table><div style="margin-top: 0px; font-family: 'arial'; font-weight: 400; color: rgb(0, 0, 0); line-height: 10pt; margin-bottom: 10pt; font-size: 10pt; font-style: normal;">* Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.</div> 0.4727 0.1359 0.1285 0.0986 0.0745 0.0707 0.0149 0.0016 <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">NVIDIA</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">15.64<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Apple</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">8.61<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Microsoft</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">7.76<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Alphabet Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">7.11<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Advanced Micro Devices</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.15<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Amazon.com</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.08<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Visa Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.88<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Eli Lilly &amp; Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.82<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Taiwan Semiconductor Manufacturing ADR</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.00<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Broadcom</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.22<span>%</span></td> </tr> </table> 0.1564 0.0861 0.0776 0.0711 0.0515 0.0508 0.0488 0.0482 0.0400 0.0322 Nomura VIP High Income Series(formerly, Macquarie VIP High Income Series) Standard Class This <span class="sec-hidden" style="-sec-ix-hidden: t_10_ee4509e2_c28a_ab16_6b33_508c091eb4bf;">semiannual shareholder report</span> contains important information about Nomura VIP High Income Series (Series) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">January 1, 2026,</span> to June 30, 2026. You can find additional information about the Series at<span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;"> nomuraassetmanagement.com/vip-literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET.  nomuraassetmanagement.com/vip-literature  800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Series'</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Standard Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>34</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">0.68<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table> 34 0.0068 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> statistics </b>(as of June 30, 2026)</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Series net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>751,439,110</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">643</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total net advisory fees paid (during reporting period)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>2,321,045</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">52<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table> 751439110 643 2321045 0.52 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> holdings</b> (as of June 30, 2026)</div> <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The table below shows the investment makeup of the Series, with each category representing a percentage of the total net assets of the Series.</div> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Sector allocation*</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Energy</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">12.78<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Media</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">9.46<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Basic Industry</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">9.02<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Healthcare</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">8.65<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Capital Goods</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">6.82<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Telecommunications</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">6.63<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Financial Services</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">6.49<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Leisure</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">5.33<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Electric</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.99<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Services</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.47<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> </table> <div style="margin-top: 0px; font-family: 'arial'; font-weight: 400; color: rgb(0, 0, 0); line-height: 10pt; margin-bottom: 10pt; font-size: 10pt; font-style: normal;">*<span style="white-space: nowrap;"> </span> Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.</div> 0.1278 0.0946 0.0902 0.0865 0.0682 0.0663 0.0649 0.0533 0.0499 0.0447 Nomura VIP High Income Series(formerly, Macquarie VIP High Income Series) Service Class This <span class="sec-hidden" style="-sec-ix-hidden: t_4_d17a8799_ab74_e014_e777_a278257617c5;">semiannual shareholder report</span> contains important information about Nomura VIP High Income Series (Series) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">January 1, 2026,</span> to June 30, 2026. You can find additional information about the Series at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">nomuraassetmanagement.com/vip-literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET. nomuraassetmanagement.com/vip-literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Series'</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Service Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>46</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">0.93<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table> 46 0.0093 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> statistics </b>(as of June 30, 2026)</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Series net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>751,439,110</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">643</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total net advisory fees paid (during reporting period)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>2,321,045</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">52<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table> 751439110 643 2321045 0.52 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> holdings</b> (as of June 30, 2026)</div> <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The table below shows the investment makeup of the Series, with each category representing a percentage of the total net assets of the Series.</div> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Sector allocation*</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Energy</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">12.78<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Media</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">9.46<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Basic Industry</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">9.02<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Healthcare</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">8.65<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Capital Goods</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">6.82<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Telecommunications</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">6.63<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Financial Services</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">6.49<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Leisure</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">5.33<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Electric</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.99<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Services</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.47<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> </table> <div style="margin-top: 0px; font-family: 'arial'; font-weight: 400; color: rgb(0, 0, 0); line-height: 10pt; margin-bottom: 10pt; font-size: 10pt; font-style: normal;">*<span style="white-space: nowrap;"> </span> Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.</div> 0.1278 0.0946 0.0902 0.0865 0.0682 0.0663 0.0649 0.0533 0.0499 0.0447 Nomura VIP International Core Equity Series(formerly, Macquarie VIP International Core Equity Series) Standard Class This <span><span class="sec-hidden" style="-sec-ix-hidden: t_3_4d2ea184_bb33_62cc_ebbe_c55b7843369f;">semiannual shareholder report</span></span> contains important information about Nomura VIP International Core Equity Series (Series) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">January 1, 2026,</span> to June 30, 2026. You can find additional information about the Series at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">nomuraassetmanagement.com/vip-literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET. nomuraassetmanagement.com/vip-literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Series'</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Standard Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>45</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">0.86<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table> 45 0.0086 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> statistics </b>(as of June 30, 2026)</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Series net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>765,853,802</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">46</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total net advisory fees paid (during reporting period)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>2,882,682</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">66<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table> 765853802 46 2882682 0.66 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> holdings</b> (as of June 30, 2026)</div> <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The tables below show the investment makeup of the Series, with each category representing a percentage of the total net assets of the Series.</div> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Country allocation</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Japan</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">12.33<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Netherlands</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">10.72<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">United States</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">9.47<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Taiwan</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">9.20<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Germany</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">7.83<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">South Korea</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">7.33<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Brazil</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">5.84<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">United Kingdom</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">5.28<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">India</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">5.12<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Canada</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.05<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> </table> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Sector allocation*</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Information Technology</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">23.83<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Financials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">20.18<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Industrials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">17.10<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Healthcare</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">9.06<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Consumer Discretionary</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">8.33<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Consumer Staples</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.02<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Materials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.45<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Communication Services</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.23<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Energy</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.00<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Utilities</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.96<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Real Estate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.15<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt;"><strong></strong></td> </tr> </table> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Taiwan Semiconductor Manufacturing</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">9.20<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Samsung Electronics</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.08<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">ASML Holding</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.07<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">ING Groep</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.38<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Daikin Industries</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.33<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">SK hynix</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.25<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">SMC</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.16<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Banco Bilbao Vizcaya Argentaria</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.14<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Mitsubishi UFJ Financial Group</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.01<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Barclays</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.94<span>%</span></td> </tr> </table> <div style="margin-top: 0px; font-family: 'arial'; font-weight: 400; color: rgb(0, 0, 0); line-height: 10pt; margin-bottom: 10pt; font-size: 10pt; font-style: normal;">* Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.</div> 0.1233 0.1072 0.0947 0.0920 0.0783 0.0733 0.0584 0.0528 0.0512 0.0405 0.2383 0.2018 0.1710 0.0906 0.0833 0.0502 0.0445 0.0423 0.0300 0.0196 0.0115 <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Taiwan Semiconductor Manufacturing</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">9.20<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Samsung Electronics</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.08<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">ASML Holding</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.07<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">ING Groep</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.38<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Daikin Industries</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.33<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">SK hynix</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.25<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">SMC</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.16<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Banco Bilbao Vizcaya Argentaria</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.14<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Mitsubishi UFJ Financial Group</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.01<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Barclays</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.94<span>%</span></td> </tr> </table> 0.0920 0.0408 0.0407 0.0338 0.0333 0.0325 0.0316 0.0314 0.0301 0.0294 Nomura VIP International Core Equity Series(formerly, Macquarie VIP International Core Equity Series) Service Class This <span class="sec-hidden" style="-sec-ix-hidden: t_3_a26eda78_50e1_a902_ef49_eba37e13d034;">semiannual shareholder report</span> contains important information about Nomura VIP International Core Equity Series (Series) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">January 1, 2026,</span> to June 30, 2026. You can find additional information about the Series at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">nomuraassetmanagement.com/vip-literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET. nomuraassetmanagement.com/vip-literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Series'</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Service Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>58</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">1.11<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table> 58 0.0111 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> statistics </b>(as of June 30, 2026)</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Series net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>765,853,802</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">46</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total net advisory fees paid (during reporting period)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>2,882,682</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">66<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table> 765853802 46 2882682 0.66 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> holdings</b> (as of June 30, 2026)</div><div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The tables below show the investment makeup of the Series, with each category representing a percentage of the total net assets of the Series.</div><div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Country allocation</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Japan</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">12.33<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Netherlands</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">10.72<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">United States</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">9.47<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Taiwan</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">9.20<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Germany</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">7.83<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">South Korea</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">7.33<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Brazil</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">5.84<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">United Kingdom</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">5.28<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">India</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">5.12<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Canada</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.05<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> </table><div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Sector allocation*</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Information Technology</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">23.83<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Financials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">20.18<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Industrials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">17.10<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Healthcare</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">9.06<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Consumer Discretionary</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">8.33<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Consumer Staples</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.02<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Materials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.45<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Communication Services</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.23<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Energy</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.00<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Utilities</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.96<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Real Estate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.15<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt;"><strong></strong></td> </tr> </table><div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Taiwan Semiconductor Manufacturing</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">9.20<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Samsung Electronics</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.08<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">ASML Holding</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.07<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">ING Groep</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.38<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Daikin Industries</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.33<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">SK hynix</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.25<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">SMC</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.16<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Banco Bilbao Vizcaya Argentaria</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.14<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Mitsubishi UFJ Financial Group</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.01<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Barclays</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.94<span>%</span></td> </tr> </table><div style="margin-top: 0px; font-family: 'arial'; font-weight: 400; color: rgb(0, 0, 0); line-height: 10pt; margin-bottom: 10pt; font-size: 10pt; font-style: normal;">* Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.</div> 0.1233 0.1072 0.0947 0.0920 0.0783 0.0733 0.0584 0.0528 0.0512 0.0405 0.2383 0.2018 0.1710 0.0906 0.0833 0.0502 0.0445 0.0423 0.0300 0.0196 0.0115 <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Taiwan Semiconductor Manufacturing</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">9.20<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Samsung Electronics</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.08<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">ASML Holding</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.07<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">ING Groep</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.38<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Daikin Industries</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.33<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">SK hynix</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.25<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">SMC</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.16<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Banco Bilbao Vizcaya Argentaria</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.14<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Mitsubishi UFJ Financial Group</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.01<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Barclays</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.94<span>%</span></td> </tr> </table> 0.0920 0.0408 0.0407 0.0338 0.0333 0.0325 0.0316 0.0314 0.0301 0.0294 Nomura VIP Limited-Term Bond Series(formerly, Macquarie VIP Limited-Term Bond Series) Service Class This <span><span class="sec-hidden" style="-sec-ix-hidden: t_10_36dd4fbd_46e6_9fa3_05b1_460bf9652f05;">semiannual shareholder report</span></span> contains important information about Nomura VIP Limited-Term Bond Series (Series) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">January 1, 2026,</span> to June 30, 2026. You can find additional information about the Series at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">nomuraassetmanagement.com/vip-literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET. nomuraassetmanagement.com/vip-literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Series'</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Service Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>39</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">0.79<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table> 39 0.0079 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> statistics </b>(as of June 30, 2026)</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Series net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>128,917,523</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">161</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total net advisory fees paid (during reporting period)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>247,095</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">118<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table> 128917523 161 247095 1.18 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> holdings</b> (as of June 30, 2026)</div> <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The table below shows the investment makeup of the Series, with each category representing a percentage of the total net assets of the Series.</div> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Portfolio composition</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">US Treasury Obligations</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">50.23<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Corporate Bonds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">22.44<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Non-Agency Asset-Backed Securities</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">8.21<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Agency Mortgage-Backed Securities</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">6.72<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Collateralized Loan Obligations</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">5.32<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Non-Agency Collateralized Mortgage Obligations</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.20<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Non-Agency Commercial Mortgage-Backed Securities</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.66<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Sovereign Bond</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.26<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Government Agency Obligation</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.16<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Agency Collateralized Mortgage Obligations</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.15<span>%</span></td> </tr> </table> 0.5023 0.2244 0.0821 0.0672 0.0532 0.0420 0.0066 0.0026 0.0016 0.0015 Nomura VIP Mid Cap Growth Series(formerly, Macquarie VIP Mid Cap Growth Series) Standard Class This <span class="sec-hidden" style="-sec-ix-hidden: t_12_862658e5_4830_7ccd_9b33_92a7ea330497;">semiannual shareholder report</span> contains important information about Nomura VIP Mid Cap Growth Series (Series) for the period of <span style="white-space: nowrap; font-family: 'Times New Roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">January 1, 2026,</span> to June 30, 2026. You can find additional information about the Series at<span style="white-space: nowrap; font-family: 'Times New Roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;"> nomuraassetmanagement.com/vip-literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET.  nomuraassetmanagement.com/vip-literature  800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Series'</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Standard Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>43</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">0.85<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table> 43 0.0085 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> statistics </b>(as of June 30, 2026)</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Series net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>377,281,848</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">61</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total net advisory fees paid (during reporting period)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>1,408,213</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">37<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table> 377281848 61 1408213 0.37 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> holdings</b> (as of June 30, 2026)</div> <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The tables below show the investment makeup of the Series, with each category representing a percentage of the total net assets of the Series.</div> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Sector allocation*</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Information Technology</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">27.70<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Industrials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">25.54<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Healthcare</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">17.22<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Discretionary</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">15.59<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Financials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.02<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Materials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.97<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Real Estate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.72<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Staples</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.53<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Communication Services</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.13<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> </table> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Cloudflare Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.58<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Monolithic Power Systems</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.51<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">IDEXX Laboratories</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.33<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Sterling Infrastructure</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.04<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Snowflake Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.81<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Fastenal</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.55<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Datadog Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.54<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Edwards Lifesciences</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.45<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Novanta</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.34<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">SPX Technologies</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.16<span>%</span></td> </tr> </table> <div style="margin-top: 0px; font-family: 'arial'; font-weight: 400; color: rgb(0, 0, 0); line-height: 10pt; margin-bottom: 10pt; font-size: 10pt; font-style: normal;">* Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.</div> 0.2770 0.2554 0.1722 0.1559 0.0402 0.0197 0.0172 0.0153 0.0113 <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Cloudflare Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.58<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Monolithic Power Systems</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.51<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">IDEXX Laboratories</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.33<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Sterling Infrastructure</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.04<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Snowflake Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.81<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Fastenal</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.55<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Datadog Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.54<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Edwards Lifesciences</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.45<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Novanta</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.34<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">SPX Technologies</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.16<span>%</span></td> </tr> </table> 0.0358 0.0351 0.0333 0.0304 0.0281 0.0255 0.0254 0.0245 0.0234 0.0216 Nomura VIP Mid Cap Growth Series(formerly, Macquarie VIP Mid Cap Growth Series) Service Class This <span class="sec-hidden" style="-sec-ix-hidden: t_3_2a2ef47f_e112_8ea9_0586_6594ec350e74;">semiannual shareholder report</span> contains important information about Nomura VIP Mid Cap Growth Series (Series) for the period of January 1, 2026, to June 30, 2026. You can find additional information about the Series at nomuraassetmanagement.com/vip-literature. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET. nomuraassetmanagement.com/vip-literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Series'</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Service Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>56</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">1.10<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table> 56 0.0110 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> statistics </b>(as of June 30, 2026)</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Series net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>377,281,848</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">61</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total net advisory fees paid (during reporting period)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>1,408,213</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">37<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table> 377281848 61 1408213 0.37 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> holdings</b> (as of June 30, 2026)</div> <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The tables below show the investment makeup of the Series, with each category representing a percentage of the total net assets of the Series.</div> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Sector allocation*</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Information Technology</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">27.70<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Industrials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">25.54<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Healthcare</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">17.22<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Discretionary</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">15.59<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Financials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.02<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Materials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.97<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Real Estate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.72<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Staples</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.53<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Communication Services</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.13<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> </table> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Cloudflare Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.58<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Monolithic Power Systems</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.51<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">IDEXX Laboratories</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.33<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Sterling Infrastructure</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.04<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Snowflake Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.81<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Fastenal</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.55<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Datadog Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.54<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Edwards Lifesciences</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.45<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Novanta</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.34<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">SPX Technologies</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.16<span>%</span></td> </tr> </table> <div style="margin-top: 0px; font-family: 'arial'; font-weight: 400; color: rgb(0, 0, 0); line-height: 10pt; margin-bottom: 10pt; font-size: 10pt; font-style: normal;">* Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.</div> 0.2770 0.2554 0.1722 0.1559 0.0402 0.0197 0.0172 0.0153 0.0113 <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Cloudflare Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.58<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Monolithic Power Systems</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.51<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">IDEXX Laboratories</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.33<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Sterling Infrastructure</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.04<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Snowflake Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.81<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Fastenal</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.55<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Datadog Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.54<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Edwards Lifesciences</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.45<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Novanta</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.34<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">SPX Technologies</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.16<span>%</span></td> </tr> </table> 0.0358 0.0351 0.0333 0.0304 0.0281 0.0255 0.0254 0.0245 0.0234 0.0216 Nomura VIP Natural Resources Series(formerly, Macquarie VIP Natural Resources Series) Service Class This <span class="sec-hidden" style="-sec-ix-hidden: t_3_30340b2e_543d_e743_98f8_a3b2b874ab5c;">semiannual shareholder report</span> contains important information about Nomura VIP Natural Resources Series (Series) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">January 1, 2026,</span> to June 30, 2026. You can find additional information about the Series at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">nomuraassetmanagement.com/vip-literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET. nomuraassetmanagement.com/vip-literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Series'</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Service Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>61</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">1.19<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table> 61 0.0119 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> statistics </b>(as of June 30, 2026)</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Series net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>97,268,316</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">43</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total net advisory fees paid (during reporting period)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>408,550</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">61<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table> 97268316 43 408550 0.61 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> holdings</b> (as of June 30, 2026)</div> <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The tables below show the investment makeup of the Series, with each category representing a percentage of the total net assets of the Series.</div> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Sector allocation*</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Oil &amp; Gas Exploration &amp; Production</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">23.97<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Gold</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">11.01<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Diversified Metals &amp; Mining</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">8.50<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Fertilizers &amp; Agricultural Chemicals</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">8.42<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Coal &amp; Consumable Fuels</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">5.74<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Integrated Oil &amp; Gas</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">5.41<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Steel</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">5.08<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Paper Packaging</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.83<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Forest Products</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.82<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Oil &amp; Gas Equipment &amp; Services</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.82<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> </table> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nutrien</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.87<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Diamondback Energy</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.16<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Canadian Natural Resources</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.10<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Ovintiv</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.98<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">CRH</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.67<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">BP ADR</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.25<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Glencore</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.18<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Core Natural Resources</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.03<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Hudbay Minerals</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.97<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Steel Dynamics</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.95<span>%</span></td> </tr> </table> <div style="margin-top: 0px; font-family: 'arial'; font-weight: 400; color: rgb(0, 0, 0); line-height: 10pt; margin-bottom: 10pt; font-size: 10pt; font-style: normal;">* Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.</div> 0.2397 0.1101 0.0850 0.0842 0.0574 0.0541 0.0508 0.0483 0.0382 0.0382 <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nutrien</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.87<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Diamondback Energy</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.16<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Canadian Natural Resources</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.10<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Ovintiv</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.98<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">CRH</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.67<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">BP ADR</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.25<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Glencore</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.18<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Core Natural Resources</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.03<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Hudbay Minerals</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.97<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Steel Dynamics</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.95<span>%</span></td> </tr> </table> 0.0487 0.0416 0.0410 0.0398 0.0367 0.0325 0.0318 0.0303 0.0297 0.0295 Nomura VIP Pathfinder Aggressive Series(formerly, Macquarie VIP Pathfinder Aggressive Series) Service Class This <span class="sec-hidden" style="-sec-ix-hidden: t_2_0d270039_55d2_593a_04fe_01362c090cad;">semiannual shareholder report</span> contains important information about Nomura VIP Pathfinder Aggressive Series (Series) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">January 1, 2026,</span> to June 30, 2026. You can find additional information about the Series at<span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;"> nomuraassetmanagement.com/vip-literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET.  nomuraassetmanagement.com/vip-literature  800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Series'</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Service Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>9</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">0.17<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table> 9 0.0017 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> statistics </b>(as of June 30, 2026)</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Series net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>50,890,877</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">11</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total net advisory fees paid (during reporting period)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>0</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">27<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table> 50890877 11 0 0.27 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> holdings</b> (as of June 30, 2026)</div> <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The tables below show the investment makeup of the Series, with each category representing a percentage of the total net assets of the Series.</div> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Portfolio composition</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Affiliated Mutual Funds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">77.70<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 12pt;">Fixed Income Funds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">9.44<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 12pt;">Global / International Equity Fund</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">26.79<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 12pt;">US Equity Funds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">41.47<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Affiliated Exchange-Traded Funds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">22.11<span>%</span></td> </tr> </table> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 underlying funds</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP International Core Equity Series <span style="white-space: nowrap;">– Standard Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">26.79<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Core Equity Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">23.93<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Growth and Income Series <span style="white-space: nowrap;">– Standard Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">9.78<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Transformational Technologies ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">9.45<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Focused Large Growth ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">8.79<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Corporate Bond Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">8.23<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Smid Cap Core Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.47<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Focused International Core ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.87<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Value Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.29<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Limited-Term Bond Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">0.97<span>%</span></td> </tr> </table> 0.7770 0.0944 0.2679 0.4147 0.2211 <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 underlying funds</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP International Core Equity Series <span style="white-space: nowrap;">– Standard Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">26.79<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Core Equity Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">23.93<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Growth and Income Series <span style="white-space: nowrap;">– Standard Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">9.78<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Transformational Technologies ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">9.45<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Focused Large Growth ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">8.79<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Corporate Bond Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">8.23<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Smid Cap Core Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.47<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Focused International Core ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.87<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Value Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.29<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Limited-Term Bond Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">0.97<span>%</span></td> </tr> </table> 0.2679 0.2393 0.0978 0.0945 0.0879 0.0823 0.0547 0.0387 0.0229 0.0097 Nomura VIP Pathfinder Conservative Series(formerly, Macquarie VIP Pathfinder Conservative Series) Service Class This <span class="sec-hidden" style="-sec-ix-hidden:t_4_1d6a70a8_2662_38c0_0102_658b870f96e3">semiannual shareholder report</span> contains important information about Nomura VIP Pathfinder Conservative Series (Series) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">January 1, 2026,</span> to June 30, 2026. You can find additional information about the Series at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">nomuraassetmanagement.com/vip-literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET. nomuraassetmanagement.com/vip-literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Series'</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div><div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Service Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>7</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">0.14<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table> 7 0.0014 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> statistics </b>(as of June 30, 2026)</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Series net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>60,666,018</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">11</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total net advisory fees paid (during reporting period)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>0</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">22<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table> 60666018 11 0 0.22 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> holdings</b> (as of June 30, 2026)</div><div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The tables below show the investment makeup of the Series, with each category representing a percentage of the total net assets of the Series.</div><div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Portfolio composition</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Affiliated Mutual Funds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">84.15<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 12pt;">Fixed Income Funds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">48.74<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 12pt;">Global / International Equity Fund</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">9.05<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 12pt;">US Equity Funds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">26.36<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Affiliated Exchange-Traded Funds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">15.67<span>%</span></td> </tr> </table><div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 underlying funds</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Corporate Bond Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">30.00<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Limited-Term Bond Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">17.51<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Core Equity Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">16.15<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP International Core Equity Series <span style="white-space: nowrap;">– Standard Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">9.05<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Transformational Technologies ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">7.43<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Focused Large Growth ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">6.91<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Growth and Income Series <span style="white-space: nowrap;">– Standard Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.35<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Smid Cap Core Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.70<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Focused International Core ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.33<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP High Income Series <span style="white-space: nowrap;">– Standard Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.23<span>%</span></td> </tr> </table> 0.8415 0.4874 0.0905 0.2636 0.1567 <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 underlying funds</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Corporate Bond Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">30.00<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Limited-Term Bond Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">17.51<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Core Equity Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">16.15<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP International Core Equity Series <span style="white-space: nowrap;">– Standard Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">9.05<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Transformational Technologies ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">7.43<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Focused Large Growth ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">6.91<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Growth and Income Series <span style="white-space: nowrap;">– Standard Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.35<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Smid Cap Core Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.70<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Focused International Core ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.33<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP High Income Series <span style="white-space: nowrap;">– Standard Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.23<span>%</span></td> </tr> </table> 0.3000 0.1751 0.1615 0.0905 0.0743 0.0691 0.0535 0.0370 0.0133 0.0123 Nomura VIP Pathfinder Moderate Series(formerly, Macquarie VIP Pathfinder Moderate Series) Service Class This <span class="sec-hidden" style="-sec-ix-hidden: t_11_2a6cab52_531e_1a5f_dd6d_8718354552c1;">semiannual shareholder report</span> contains important information about Nomura VIP Pathfinder Moderate Series (Series) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">January 1, 2026,</span> to June 30, 2026. You can find additional information about the Series at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">nomuraassetmanagement.com/vip-literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET. nomuraassetmanagement.com/vip-literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Series'</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Service Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>3</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">0.06<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table> 3 0.0006 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> statistics </b>(as of June 30, 2026)</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Series net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>351,911,633</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">11</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total net advisory fees paid (during reporting period)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>0</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">24<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table> 351911633 11 0 0.24 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> holdings</b> (as of June 30, 2026)</div> <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The tables below show the investment makeup of the Series, with each category representing a percentage of the total net assets of the Series.</div> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Portfolio composition</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Affiliated Mutual Funds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">81.03<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 12pt;">Fixed Income Funds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">29.02<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 12pt;">Global / International Equity Fund</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">17.99<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 12pt;">US Equity Funds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">34.02<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Affiliated Exchange-Traded Funds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">18.74<span>%</span></td> </tr> </table> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 underlying funds</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Corporate Bond Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">20.20<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Core Equity Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">20.10<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP International Core Equity Series <span style="white-space: nowrap;">– Standard Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">17.99<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Transformational Technologies ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">8.36<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Limited-Term Bond Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">8.08<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Focused Large Growth ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">7.77<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Growth and Income Series <span style="white-space: nowrap;">– Standard Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">7.59<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Smid Cap Core Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.60<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Focused International Core ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.61<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Value Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.73<span>%</span></td> </tr> </table> 0.8103 0.2902 0.1799 0.3402 0.1874 <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 underlying funds</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Corporate Bond Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">20.20<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Core Equity Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">20.10<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP International Core Equity Series <span style="white-space: nowrap;">– Standard Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">17.99<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Transformational Technologies ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">8.36<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Limited-Term Bond Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">8.08<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Focused Large Growth ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">7.77<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Growth and Income Series <span style="white-space: nowrap;">– Standard Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">7.59<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Smid Cap Core Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.60<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Focused International Core ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.61<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Value Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.73<span>%</span></td> </tr> </table> 0.2020 0.2010 0.1799 0.0836 0.0808 0.0777 0.0759 0.0460 0.0261 0.0173 Nomura VIP Pathfinder Moderately Aggressive Series(formerly, Macquarie VIP Pathfinder Moderately Aggressive Series) Service Class This <span class="sec-hidden" style="-sec-ix-hidden:t_4_7253c782_d834_0af4_f79a_222c81286bd0">semiannual shareholder report</span> contains important information about Nomura VIP Pathfinder Moderately Aggressive Series (Series) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">January 1, 2026,</span> to June 30, 2026. You can find additional information about the Series at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">nomuraassetmanagement.com/vip-literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET. nomuraassetmanagement.com/vip-literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Series'</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div><div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Service Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>3</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">0.05<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table> 3 0.0005 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> statistics </b>(as of June 30, 2026)</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Series net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>436,486,778</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">11</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total net advisory fees paid (during reporting period)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>0</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">25<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table> 436486778 11 0 0.25 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> holdings</b> (as of June 30, 2026)</div><div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The tables below show the investment makeup of the Series, with each category representing a percentage of the total net assets of the Series.</div><div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Portfolio composition</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Affiliated Mutual Funds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">79.46<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 12pt;">Fixed Income Funds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">19.19<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 12pt;">Global / International Equity Fund</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">22.41<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 12pt;">US Equity Funds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">37.86<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Affiliated Exchange-Traded Funds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">20.31<span>%</span></td> </tr> </table><div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 underlying funds</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP International Core Equity Series <span style="white-space: nowrap;">– Standard Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">22.41<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Core Equity Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">22.02<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Corporate Bond Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">15.06<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Transformational Technologies ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">8.85<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Growth and Income Series <span style="white-space: nowrap;">– Standard Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">8.74<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Focused Large Growth ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">8.22<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Smid Cap Core Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.09<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Limited-Term Bond Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.64<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Focused International Core ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.24<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Value Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.01<span>%</span></td> </tr> </table> 0.7946 0.1919 0.2241 0.3786 0.2031 <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 underlying funds</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP International Core Equity Series <span style="white-space: nowrap;">– Standard Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">22.41<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Core Equity Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">22.02<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Corporate Bond Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">15.06<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Transformational Technologies ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">8.85<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Growth and Income Series <span style="white-space: nowrap;">– Standard Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">8.74<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Focused Large Growth ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">8.22<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Smid Cap Core Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.09<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Limited-Term Bond Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.64<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Focused International Core ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.24<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Value Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.01<span>%</span></td> </tr> </table> 0.2241 0.2202 0.1506 0.0885 0.0874 0.0822 0.0509 0.0364 0.0324 0.0201 Nomura VIP Pathfinder Moderately Conservative Series(formerly, Macquarie VIP Pathfinder Moderately Conservative Series) Service Class This <span class="sec-hidden" style="-sec-ix-hidden:t_3_dad3ca1a_6863_f225_d026_baa1e4d97147">semiannual shareholder report</span> contains important information about Nomura VIP Pathfinder Moderately Conservative Series (Series) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">January 1, 2026,</span> to June 30, 2026. You can find additional information about the Series at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">nomuraassetmanagement.com/vip-literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET. nomuraassetmanagement.com/vip-literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Series'</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div><div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Service Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>5</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">0.10<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table> 5 0.0010 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> statistics </b>(as of June 30, 2026)</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Series net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>108,773,632</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">11</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total net advisory fees paid (during reporting period)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>0</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">23<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table> 108773632 11 0 0.23 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> holdings</b> (as of June 30, 2026)</div><div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The tables below show the investment makeup of the Series, with each category representing a percentage of the total net assets of the Series.</div><div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Portfolio composition</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Affiliated Mutual Funds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">82.66<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 12pt;">Fixed Income Funds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">38.94<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 12pt;">Global / International Equity Fund</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">13.55<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 12pt;">US Equity Funds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">30.17<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Affiliated Exchange-Traded Funds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">17.12<span>%</span></td> </tr> </table><div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 underlying funds</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Corporate Bond Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">25.24<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Core Equity Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">18.17<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP International Core Equity Series <span style="white-space: nowrap;">– Standard Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">13.55<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Limited-Term Bond Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">12.72<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Transformational Technologies ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">7.85<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Focused Large Growth ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">7.30<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Growth and Income Series <span style="white-space: nowrap;">– Standard Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">6.44<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Smid Cap Core Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.11<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Focused International Core ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.97<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Value Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.45<span>%</span></td> </tr> </table> 0.8266 0.3894 0.1355 0.3017 0.1712 <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 underlying funds</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Corporate Bond Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">25.24<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Core Equity Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">18.17<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP International Core Equity Series <span style="white-space: nowrap;">– Standard Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">13.55<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Limited-Term Bond Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">12.72<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Transformational Technologies ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">7.85<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Focused Large Growth ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">7.30<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Growth and Income Series <span style="white-space: nowrap;">– Standard Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">6.44<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Smid Cap Core Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.11<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Focused International Core ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.97<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Value Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.45<span>%</span></td> </tr> </table> 0.2524 0.1817 0.1355 0.1272 0.0785 0.0730 0.0644 0.0411 0.0197 0.0145 Nomura VIP Pathfinder Moderate – Managed Volatility Series(formerly, Macquarie VIP Pathfinder Moderate – Managed Volatility Series) Service Class This <span class="sec-hidden" style="-sec-ix-hidden:t_3_0eb7fec7_3d0d_da7e_d468_334326814533">semiannual shareholder report</span> contains important information about Nomura VIP Pathfinder Moderate – Managed Volatility Series (Series) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">January 1, 2026,</span> to June 30, 2026. You can find additional information about the Series at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">nomuraassetmanagement.com/vip-literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET. nomuraassetmanagement.com/vip-literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Series'</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div><div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Service Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>11</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">0.21<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table> 11 0.0021 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> statistics </b>(as of June 30, 2026)</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Series net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>329,828,388</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">11</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total net advisory fees paid (during reporting period)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>252,720</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">24<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table> 329828388 11 252720 0.24 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> holdings</b> (as of June 30, 2026)</div><div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The tables below show the investment makeup of the Series, with each category representing a percentage of the total net assets of the Series.</div><div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Portfolio composition</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Affiliated Mutual Funds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">79.52<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 12pt;">Fixed Income Funds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">28.48<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 12pt;">Global / International Equity Fund</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">17.66<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 12pt;">US Equity Funds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">33.38<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Affiliated Exchange-Traded Funds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">18.51<span>%</span></td> </tr> </table><div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 underlying funds</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Corporate Bond Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">19.83<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Core Equity Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">19.73<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP International Core Equity Series <span style="white-space: nowrap;">– Standard Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">17.66<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Transformational Technologies ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">8.26<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Limited-Term Bond Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">7.93<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Focused Large Growth ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">7.68<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Growth and Income Series <span style="white-space: nowrap;">– Standard Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">7.44<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Smid Cap Core Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.51<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Focused International Core ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.57<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Value Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.70<span>%</span></td> </tr> </table> 0.7952 0.2848 0.1766 0.3338 0.1851 <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 underlying funds</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Corporate Bond Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">19.83<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Core Equity Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">19.73<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP International Core Equity Series <span style="white-space: nowrap;">– Standard Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">17.66<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Transformational Technologies ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">8.26<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Limited-Term Bond Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">7.93<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Focused Large Growth ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">7.68<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Growth and Income Series <span style="white-space: nowrap;">– Standard Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">7.44<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Smid Cap Core Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.51<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Focused International Core ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.57<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Value Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.70<span>%</span></td> </tr> </table> 0.1983 0.1973 0.1766 0.0826 0.0793 0.0768 0.0744 0.0451 0.0257 0.0170 Nomura VIP Pathfinder Moderately Aggressive – Managed Volatility Series(formerly, Macquarie VIP Pathfinder Moderately Aggressive – Managed Volatility Series) Service Class This <span class="sec-hidden" style="-sec-ix-hidden: t_1_47e8e9b4_e69d_03f3_c00a_bcf24dcc94e0;">semiannual shareholder report</span> contains important information about Nomura VIP Pathfinder Moderately Aggressive – Managed Volatility Series (Series) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">January 1, 2026,</span> to June 30, 2026. You can find additional information about the Series at<span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">nomuraassetmanagement.com/vip-literature</span>.You can also request this information by contacting us at800 523-1918, weekdays from8:30am to 6:00pm ET. nomuraassetmanagement.com/vip-literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Series'</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Service Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>11</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">0.21<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table> 11 0.0021 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> statistics </b>(as of June 30, 2026)</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Series net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>48,087,388</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">11</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total net advisory fees paid (during reporting period)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>6,692</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">27<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table> 48087388 11 6692 0.27 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> holdings</b> (as of June 30, 2026)</div> <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The tables below show the investment makeup of the Series, with each category representing a percentage of the total net assets of the Series.</div> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Portfolio composition</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Affiliated Mutual Funds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">78.15<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 12pt;">Fixed Income Funds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">18.89<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 12pt;">Global / International Equity Fund</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">22.04<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 12pt;">US Equity Funds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">37.22<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Affiliated Exchange-Traded Funds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">19.90<span>%</span></td> </tr> </table> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 underlying funds</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP International Core Equity Series <span style="white-space: nowrap;">– Standard Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">22.04<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Core Equity Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">21.65<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Corporate Bond Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">14.82<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Transformational Technologies ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">8.67<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Growth and Income Series <span style="white-space: nowrap;">– Standard Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">8.59<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Focused Large Growth ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">8.06<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Smid Cap Core Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.00<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Limited-Term Bond Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.59<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Focused International Core ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.17<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Value Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.98<span>%</span></td> </tr> </table> 0.7815 0.1889 0.2204 0.3722 0.1990 <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 underlying funds</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP International Core Equity Series <span style="white-space: nowrap;">– Standard Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">22.04<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Core Equity Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">21.65<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Corporate Bond Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">14.82<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Transformational Technologies ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">8.67<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Growth and Income Series <span style="white-space: nowrap;">– Standard Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">8.59<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Focused Large Growth ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">8.06<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Smid Cap Core Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.00<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Limited-Term Bond Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.59<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Focused International Core ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.17<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Value Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.98<span>%</span></td> </tr> </table> 0.2204 0.2165 0.1482 0.0867 0.0859 0.0806 0.0500 0.0359 0.0317 0.0198 Nomura VIP Pathfinder Moderately Conservative – Managed Volatility Series(formerly, Macquarie VIP Pathfinder Moderately Conservative – Managed Volatility Series) Service Class This <span class="sec-hidden" style="-sec-ix-hidden: t_4_14b694f8_ba6b_980d_6c9e_0fb2c033b43e;">semiannual shareholder report</span> contains important information about Nomura VIP Pathfinder Moderately Conservative – Managed Volatility Series (Series) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">January 1, 2026,</span> to June 30, 2026. You can find additional information about the Series at<span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">nomuraassetmanagement.com/vip-literature</span>.You can also request this information by contacting us at800 523-1918, weekdays from 8:30am to 6:00pm ET. nomuraassetmanagement.com/vip-literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Series'</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Service Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>11</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">0.21<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table> 11 0.0021 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> statistics </b>(as of June 30, 2026)</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Series net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>19,188,357</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">11</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total net advisory fees paid (during reporting period)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>0</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">23<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table> 19188357 11 0 0.23 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> holdings</b> (as of June 30, 2026)</div> <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The tables below show the investment makeup of the Series, with each category representing a percentage of the total net assets of the Series.</div> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Portfolio composition</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Affiliated Mutual Funds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">81.05<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 12pt;">Fixed Income Funds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">38.18<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 12pt;">Global / International Equity Fund</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">13.30<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 12pt;">US Equity Funds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">29.57<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Affiliated Exchange-Traded Funds</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">17.07<span>%</span></td> </tr> </table> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 underlying funds</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Corporate Bond Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">24.75<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Core Equity Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">17.81<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP International Core Equity Series <span style="white-space: nowrap;">– Standard Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">13.30<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Limited-Term Bond Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">12.47<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Transformational Technologies ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">7.84<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Focused Large Growth ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">7.29<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Growth and Income Series <span style="white-space: nowrap;">– Standard Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">6.32<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Smid Cap Core Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.02<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Focused International Core ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.94<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Value Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.42<span>%</span></td> </tr> </table> 0.8105 0.3818 0.1330 0.2957 0.1707 <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 underlying funds</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Corporate Bond Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">24.75<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Core Equity Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">17.81<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP International Core Equity Series <span style="white-space: nowrap;">– Standard Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">13.30<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Limited-Term Bond Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">12.47<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Transformational Technologies ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">7.84<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Focused Large Growth ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">7.29<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Growth and Income Series <span style="white-space: nowrap;">– Standard Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">6.32<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Smid Cap Core Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.02<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura Focused International Core ETF <span style="white-space: nowrap;"></span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.94<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Nomura VIP Value Series <span style="white-space: nowrap;">– Service Class</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.42<span>%</span></td> </tr> </table> 0.2475 0.1781 0.1330 0.1247 0.0784 0.0729 0.0632 0.0402 0.0194 0.0142 Nomura VIP Science and Technology Series(formerly, Macquarie VIP Science and Technology Series) Standard Class This <span class="sec-hidden" style="-sec-ix-hidden:t_3_7568dcd3_02c9_d605_18f2_c17a9b325151">semiannual shareholder report</span> contains important information about Nomura VIP Science and Technology Series (Series) for the period of January 1, 2026, to June 30, 2026. You can find additional information about the Series at nomuraassetmanagement.com/vip-literature. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET. nomuraassetmanagement.com/vip-literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Series'</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div><div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Standard Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>54</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">0.90<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table> 54 0.0090 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> statistics </b>(as of June 30, 2026)</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Series net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>1,039,958,434</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">36</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total net advisory fees paid (during reporting period)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>3,802,297</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">29<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table> 1039958434 36 3802297 0.29 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> holdings</b> (as of June 30, 2026)</div><div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The tables below show the investment makeup of the Series, with each category representing a percentage of the total net assets of the Series.</div><div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Sector allocation*</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Information Technology</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">69.88<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Communication Services</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">10.10<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Discretionary</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">9.71<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Industrials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.74<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Healthcare</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.77<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> </table><div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Advanced Micro Devices</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">7.52<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">NVIDIA</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">6.54<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Lam Research</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">6.31<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Seagate Technology Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">6.00<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Taiwan Semiconductor Manufacturing ADR</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.98<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Apple</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.20<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Western Digital</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.15<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Broadcom</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.13<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Samsung Electronics</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.08<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Texas Instruments</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.86<span>%</span></td> </tr> </table><div style="margin-top: 0px; font-family: 'arial'; font-weight: 400; color: rgb(0, 0, 0); line-height: 10pt; margin-bottom: 10pt; font-size: 10pt; font-style: normal;">* Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.</div> 0.6988 0.1010 0.0971 0.0474 0.0277 <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Advanced Micro Devices</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">7.52<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">NVIDIA</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">6.54<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Lam Research</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">6.31<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Seagate Technology Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">6.00<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Taiwan Semiconductor Manufacturing ADR</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.98<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Apple</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.20<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Western Digital</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.15<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Broadcom</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.13<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Samsung Electronics</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.08<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Texas Instruments</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.86<span>%</span></td> </tr> </table> 0.0752 0.0654 0.0631 0.0600 0.0598 0.0420 0.0415 0.0413 0.0408 0.0386 Nomura VIP Science and Technology Series(formerly, Macquarie VIP Science and Technology Series) Service Class This <span class="sec-hidden" style="-sec-ix-hidden: t_3_37e599e2_9702_45ff_bac0_4a35b14223ab;">semiannual shareholder report</span> contains important information about Nomura VIP Science and Technology Series (Series) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">January 1, 2026,</span> to June 30, 2026. You can find additional information about the Series at<span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">nomuraassetmanagement.com/vip-literature</span>.You can also request this information by contacting us at800 523-1918, weekdays from8:30am to 6:00pm ET. nomuraassetmanagement.com/vip-literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Series'</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Service Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>69</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">1.15<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table> 69 0.0115 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> statistics </b>(as of June 30, 2026)</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Series net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>1,039,958,434</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">36</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total net advisory fees paid (during reporting period)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>3,802,297</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">29<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table> 1039958434 36 3802297 0.29 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> holdings</b> (as of June 30, 2026)</div> <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The tables below show the investment makeup of the Series, with each category representing a percentage of the total net assets of the Series.</div> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Sector allocation*</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Information Technology</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">69.88<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Communication Services</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">10.10<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Discretionary</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">9.71<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Industrials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.74<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Healthcare</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.77<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> </table> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Advanced Micro Devices</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">7.52<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">NVIDIA</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">6.54<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Lam Research</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">6.31<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Seagate Technology Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">6.00<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Taiwan Semiconductor Manufacturing ADR</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.98<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Apple</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.20<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Western Digital</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.15<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Broadcom</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.13<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Samsung Electronics</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.08<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Texas Instruments</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.86<span>%</span></td> </tr> </table> <div style="margin-top: 0px; font-family: 'arial'; font-weight: 400; color: rgb(0, 0, 0); line-height: 10pt; margin-bottom: 10pt; font-size: 10pt; font-style: normal;">* Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.</div> 0.6988 0.1010 0.0971 0.0474 0.0277 <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Advanced Micro Devices</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">7.52<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">NVIDIA</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">6.54<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Lam Research</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">6.31<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Seagate Technology Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">6.00<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Taiwan Semiconductor Manufacturing ADR</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.98<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Apple</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.20<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Western Digital</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.15<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Broadcom</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.13<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Samsung Electronics</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.08<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Texas Instruments</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.86<span>%</span></td> </tr> </table> 0.0752 0.0654 0.0631 0.0600 0.0598 0.0420 0.0415 0.0413 0.0408 0.0386 Nomura VIP Small Cap Growth Series(formerly, Macquarie VIP Small Cap Growth Series) Standard Class This <span class="sec-hidden" style="-sec-ix-hidden:t_4_aac2e018_bd8b_4b22_29b2_cb41a3d7d765">semiannual shareholder report</span> contains important information about Nomura VIP Small Cap Growth Series (Series) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">January 1, 2026,</span> to June 30, 2026. You can find additional information about the Series at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">nomuraassetmanagement.com/vip-literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET. nomuraassetmanagement.com/vip-literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Series'</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div><div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Standard Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>49</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">0.89<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table> 49 0.0089 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> statistics </b>(as of June 30, 2026)</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Series net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>229,446,156</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">80</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total net advisory fees paid (during reporting period)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>796,354</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">58<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table> 229446156 80 796354 0.58 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> holdings</b> (as of June 30, 2026)</div><div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The tables below show the investment makeup of the Series, with each category representing a percentage of the total net assets of the Series.</div><div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Sector allocation*</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Healthcare</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">26.04<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Information Technology</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">23.68<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Industrials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">18.71<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Financials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">8.64<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Discretionary</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">7.59<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Energy</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.50<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Materials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.84<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Staples</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.30<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Communication Services</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.22<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> </table><div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Mirum Pharmaceuticals</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.34<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">PriceSmart</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.18<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">DigitalOcean Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.17<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">FirstCash Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.08<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Kontoor Brands</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.07<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Agilysys</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.99<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Adaptive Biotechnologies</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.98<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Advanced Energy Industries</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.96<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Encompass Health</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.95<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">A10 Networks</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.92<span>%</span></td> </tr> </table><div style="margin-top: 0px; font-family: 'arial'; font-weight: 400; color: rgb(0, 0, 0); line-height: 10pt; margin-bottom: 10pt; font-size: 10pt; font-style: normal;">* Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.</div> 0.2604 0.2368 0.1871 0.0864 0.0759 0.0450 0.0384 0.0330 0.0222 <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Mirum Pharmaceuticals</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.34<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">PriceSmart</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.18<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">DigitalOcean Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.17<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">FirstCash Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.08<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Kontoor Brands</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.07<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Agilysys</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.99<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Adaptive Biotechnologies</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.98<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Advanced Energy Industries</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.96<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Encompass Health</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.95<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">A10 Networks</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.92<span>%</span></td> </tr> </table> 0.0234 0.0218 0.0217 0.0208 0.0207 0.0199 0.0198 0.0196 0.0195 0.0192 Nomura VIP Small Cap Growth Series(formerly, Macquarie VIP Small Cap Growth Series) Service Class This <span class="sec-hidden" style="-sec-ix-hidden: t_5_c2c2eb5f_9626_a7f0_1f9f_aa922c7ee29c;">semiannual shareholder report</span> contains important information about Nomura VIP Small Cap Growth Series (Series) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">January 1, 2026,</span> to June 30, 2026. You can find additional information about the Series at<span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;"> nomuraassetmanagement.com/vip-literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET.  nomuraassetmanagement.com/vip-literature  800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Series'</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Service Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>63</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">1.14<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table> 63 0.0114 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> statistics </b>(as of June 30, 2026)</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Series net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>229,446,156</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">80</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total net advisory fees paid (during reporting period)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>796,354</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">58<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table> 229446156 80 796354 0.58 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> holdings</b> (as of June 30, 2026)</div> <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The tables below show the investment makeup of the Series, with each category representing a percentage of the total net assets of the Series.</div> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Sector allocation*</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Healthcare</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">26.04<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Information Technology</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">23.68<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Industrials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">18.71<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Financials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">8.64<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Discretionary</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">7.59<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Energy</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.50<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Materials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.84<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Staples</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.30<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Communication Services</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.22<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> </table> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Mirum Pharmaceuticals</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.34<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">PriceSmart</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.18<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">DigitalOcean Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.17<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">FirstCash Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.08<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Kontoor Brands</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.07<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Agilysys</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.99<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Adaptive Biotechnologies</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.98<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Advanced Energy Industries</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.96<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Encompass Health</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.95<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">A10 Networks</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.92<span>%</span></td> </tr> </table> <div style="margin-top: 0px; font-family: 'arial'; font-weight: 400; color: rgb(0, 0, 0); line-height: 10pt; margin-bottom: 10pt; font-size: 10pt; font-style: normal;">* Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.</div> 0.2604 0.2368 0.1871 0.0864 0.0759 0.0450 0.0384 0.0330 0.0222 <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Mirum Pharmaceuticals</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.34<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">PriceSmart</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.18<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">DigitalOcean Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.17<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">FirstCash Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.08<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Kontoor Brands</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.07<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Agilysys</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.99<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Adaptive Biotechnologies</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.98<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Advanced Energy Industries</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.96<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Encompass Health</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.95<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">A10 Networks</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.92<span>%</span></td> </tr> </table> 0.0234 0.0218 0.0217 0.0208 0.0207 0.0199 0.0198 0.0196 0.0195 0.0192 Nomura VIP Smid Cap Core Series(formerly, Macquarie VIP Smid Cap Core Series) Service Class This <span class="sec-hidden" style="-sec-ix-hidden:t_4_2fd9ee66_398c_a962_1563_9fcbf3225fb1">semiannual shareholder report</span> contains important information about Nomura VIP Smid Cap Core Series (Series) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">January 1, 2026,</span> to June 30, 2026. You can find additional information about the Series at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">nomuraassetmanagement.com/vip-literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET. nomuraassetmanagement.com/vip-literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Series'</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div><div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Service Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>65</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">1.19<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table> 65 0.0119 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> statistics </b>(as of June 30, 2026)</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Series net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>218,322,623</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">124</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total net advisory fees paid (during reporting period)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>838,016</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">30<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table> 218322623 124 838016 0.30 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> holdings</b> (as of June 30, 2026)</div><div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The tables below show the investment makeup of the Series, with each category representing a percentage of the total net assets of the Series.</div><div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Sector allocation*</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Industrials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">26.20<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Information Technology</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">17.15<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Financials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">15.04<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Healthcare</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">12.48<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Discretionary</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">8.32<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Real Estate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.99<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Energy</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.48<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Materials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.80<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Staples</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.78<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Utilities</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.90<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Communication Services</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.51<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> </table><div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Semtech</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.18<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">MACOM Technology Solutions Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.94<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Ligand Pharmaceuticals</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.86<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Casey's General Stores</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.81<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">East West Bancorp</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.78<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Axsome Therapeutics</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.70<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Astera Labs</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.69<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Axis Capital Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.58<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Ally Financial</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.53<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Liberty Energy</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.44<span>%</span></td> </tr> </table><div style="margin-top: 0px; font-family: 'arial'; font-weight: 400; color: rgb(0, 0, 0); line-height: 10pt; margin-bottom: 10pt; font-size: 10pt; font-style: normal;">* Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.</div> 0.2620 0.1715 0.1504 0.1248 0.0832 0.0499 0.0448 0.0380 0.0278 0.0190 0.0151 <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Semtech</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.18<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">MACOM Technology Solutions Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.94<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Ligand Pharmaceuticals</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.86<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Casey's General Stores</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.81<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">East West Bancorp</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.78<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Axsome Therapeutics</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.70<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Astera Labs</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.69<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Axis Capital Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.58<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Ally Financial</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.53<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Liberty Energy</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.44<span>%</span></td> </tr> </table> 0.0218 0.0194 0.0186 0.0181 0.0178 0.0170 0.0169 0.0158 0.0153 0.0144 Nomura VIP Value Series(formerly, Macquarie VIP Value Series) Service Class This <span class="sec-hidden" style="-sec-ix-hidden:t_11_1787692f_91f0_aa1d_f9e1_6b8fc6598f9e">semiannual shareholder report</span> contains important information about Nomura VIP Value Series (Series) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">January 1, 2026,</span> to June 30, 2026. You can find additional information about the Series at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">nomuraassetmanagement.com/vip-literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET. nomuraassetmanagement.com/vip-literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Series'</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div><div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Service Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>50</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">0.98<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table> 50 0.0098 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> statistics </b>(as of June 30, 2026)</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Series net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>138,584,100</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">38</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total net advisory fees paid (during reporting period)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>463,793</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">35<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table> 138584100 38 463793 0.35 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Series</b> <b style="font-size: 12pt;"> holdings</b> (as of June 30, 2026)</div><div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The tables below show the investment makeup of the Series, with each category representing a percentage of the total net assets of the Series.</div><div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Sector allocation*</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Financials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">18.60<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Information Technology</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">18.23<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Industrials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">15.17<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Healthcare</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">10.64<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Discretionary</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">9.95<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Materials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">6.10<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Staples</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">5.49<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Energy</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">5.46<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Communication Services</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.19<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Utilities</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.14<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Real Estate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.00<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> </table><div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Microsoft</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.01<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Carrier Global</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.64<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Amazon.com</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.37<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">PPG Industries</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.26<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Wells Fargo &amp; Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.24<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Alphabet Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.19<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Teledyne Technologies</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.18<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Progressive</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.17<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Bank of America</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.16<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Duke Energy</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.14<span>%</span></td> </tr> </table><div style="margin-top: 0px; font-family: 'arial'; font-weight: 400; color: rgb(0, 0, 0); line-height: 10pt; margin-bottom: 10pt; font-size: 10pt; font-style: normal;">* Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.</div> 0.1860 0.1823 0.1517 0.1064 0.0995 0.0610 0.0549 0.0546 0.0319 0.0314 0.0300 <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Microsoft</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.01<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Carrier Global</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.64<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Amazon.com</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.37<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">PPG Industries</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.26<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Wells Fargo &amp; Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.24<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Alphabet Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.19<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Teledyne Technologies</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.18<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Progressive</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.17<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Bank of America</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.16<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Duke Energy</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.14<span>%</span></td> </tr> </table> 0.0401 0.0364 0.0337 0.0326 0.0324 0.0319 0.0318 0.0317 0.0316 0.0314 Annualized. Excludes cash and cash equivalents. Annualized. Excludes cash and cash equivalents. Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes. Annualized. Excludes cash and cash equivalents. Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes. Annualized. Excludes cash and cash equivalents. Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes. Annualized. Annualized. Excludes cash and cash equivalents. Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes. Annualized. Excludes cash and cash equivalents. Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes. Annualized. Excludes cash and cash equivalents. Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes. Annualized. Excludes cash and cash equivalents. Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes. Annualized. Excludes cash and cash equivalents. Annualized. Excludes cash and cash equivalents. Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes. Annualized. Excludes cash and cash equivalents. Annualized. Excludes cash and cash equivalents. Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes. Annualized. Excludes cash and cash equivalents. Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes. Excludes cash and cash equivalents. Annualized. Excludes cash and cash equivalents. Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes. Annualized. Excludes cash and cash equivalents. Annualized. Excludes cash and cash equivalents. Annualized. Excludes cash and cash equivalents. Annualized. Excludes cash and cash equivalents. Annualized. Excludes cash and cash equivalents. Annualized. Excludes cash and cash equivalents. Annualized. Annualized. Excludes cash and cash equivalents. Excludes cash and cash equivalents. Annualized. Excludes cash and cash equivalents. Annualized. Excludes cash and cash equivalents. Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes. Annualized. Excludes cash and cash equivalents. Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes. Annualized. Excludes cash and cash equivalents. Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes. Annualized. Excludes cash and cash equivalents. Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes. Annualized. Excludes cash and cash equivalents. Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes. Annualized. Excludes cash and cash equivalents. Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes. Annualized. Excludes cash and cash equivalents. Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.