| Number of shares | Value (US $) | ||
| Affiliated Mutual Funds — 99.77%<< | |||
| Fixed Income Funds — 24.49% | |||
| Macquarie VIP Corporate Bond Series Service Class | 20,184,862 | $ 96,685,491 | |
| Macquarie VIP High Income Series Standard Class | 852,125 | 2,522,290 | |
| Macquarie VIP Limited-Term Bond Series Service Class | 4,885,600 | 22,962,319 | |
| 122,170,100 | |||
| Global / International Equity Fund — 24.97% | |||
| Macquarie VIP International Core Equity Series Service Class | 7,088,610 | 124,546,874 | |
| 124,546,874 | |||
| US Equity Funds — 50.31% | |||
| Macquarie VIP Core Equity Series Service Class | 6,140,277 | 87,253,332 | |
| Macquarie VIP Growth and Income Series Standard Class | 611,748 | 21,135,886 | |
| Macquarie VIP Growth Series Service Class | 6,192,150 | 64,274,521 | |
| Macquarie VIP Mid Cap Growth Series Standard Class | 536,212 | 5,657,030 | |
| Macquarie VIP Small Cap Growth Series Standard Class | 812,136 | 5,400,706 | |
| Macquarie VIP Smid Cap Core Series Service Class | 1,895,140 | 24,598,920 | |
| Macquarie VIP Value Series Service Class | 8,666,089 | 42,637,158 | |
| 250,957,553 | |||
| Total Affiliated Mutual Funds (cost $539,910,802) | 497,674,527 | ||
| Number of shares | Value (US $) | ||
| Short-Term Investments — 0.25% | |||
| Money Market Mutual Funds — 0.25% | |||
| BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.83%) | 309,163 | $ 309,163 | |
| Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.83%) | 309,163 | 309,163 | |
| Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 4.89%) | 309,164 | 309,164 | |
| Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 4.83%) | 309,163 | 309,163 | |
| Total Short-Term Investments (cost $1,236,653) | 1,236,653 | ||
| Total Value of Securities—100.02% (cost $541,147,455) | 498,911,180 | ||
| Liabilities Net of Receivables and Other Assets—(0.02%) | (112,388) | ||
| Net Assets Applicable to 117,491,473 Shares Outstanding—100.00% | $498,798,792 | ||
| << | Affiliated company. |
