Schedule of investments
| InvestEd 20 Portfolio | March 31, 2022 (Unaudited) |
| Number of shares | Value (US $) | ||
| Exchange-Traded Funds — 4.11% | |||
| iShares Core MSCI EAFE ETF | 9,575 | $ 665,558 | |
| iShares Core S&P 500 ETF | 3,405 | 1,544,815 | |
| Total Exchange-Traded Funds (cost $1,818,248) | 2,210,373 | ||
| Affiliated Mutual Funds — 95.42% | |||
| Delaware Ivy Core Equity Fund Class R6 | 85,196 | 1,815,515 | |
| Delaware Ivy Corporate Bond Fund Class R6 | 419,543 | 2,437,547 | |
| Delaware Ivy Crossover Credit Fund Class R6 | 42,819 | 405,928 | |
| Delaware Ivy Emerging Markets Equity Fund Class R6 | 31,069 | 728,869 | |
| Delaware Ivy Global Bond Fund Class R6 | 56,255 | 538,356 | |
| Delaware Ivy Government Securities Fund Class R6 | 2,666,134 | 14,023,866 | |
| Delaware Ivy High Income Fund Class R6 | 20,081 | 135,147 | |
| Delaware Ivy International Core Equity Fund Class R6 | 44,755 | 863,779 | |
| Delaware Ivy International Small Cap Fund Class R6 | 5,619 | 66,245 | |
| Delaware Ivy International Value Fund Class R6 | 11,760 | 200,866 | |
| Delaware Ivy Large Cap Growth Fund Class R6 | 50,659 | 1,716,828 | |
| Delaware Ivy LaSalle Global Real Estate Fund Class R6 | 11,079 | 136,270 | |
| Delaware Ivy Limited-Term Bond Fund Class R6 | 1,695,519 | 17,989,459 | |
| Delaware Ivy Mid Cap Growth Fund Class R6 | 21,863 | 803,037 | |
| Delaware Ivy Mid Cap Income Opportunities Fund Class R6 | 17,785 | 335,059 | |
| Delaware Ivy ProShares S&P 500 Dividend Aristocrats Index Fund Class R6 | 45,235 | 676,265 | |
| Delaware Ivy Securian Core Bond Fund Class R6 | 718,245 | 7,290,190 | |
| Delaware Ivy Small Cap Growth Fund Class R6 | 11,298 | 267,768 | |
| Delaware Ivy Value Fund Class R6 | 33,518 | 934,810 | |
| Total Affiliated Mutual Funds (cost $53,213,433) | 51,365,804 | ||
| Short-Term Investments — 0.49% | |||
| Money Market Mutual Fund — 0.49% | |||
| State Street Institutional US Government Money Market Fund – Premier Class (seven-day effective yield 0.17%) | 262,905 | 262,905 | |
| Total Short-Term Investments (cost $262,905) | 262,905 | ||
| Total Value of Securities—100.02% (cost $55,294,586) | 53,839,082 | ||
| Liabilities Net of Receivables and Other Assets—(0.02%) | (9,692) | ||
| Net Assets Applicable to 5,769,613 Shares Outstanding—100.00% | $53,829,390 | ||
| Summary of abbreviations: |
| EAFE – Europe, Australasia, and Far East |
NQ-IV033 [3/22] 5/22 (2218042) 1
Schedule of investments
InvestEd 20 Portfolio (Unaudited)
| Summary of abbreviations: (continued) |
| ETF – Exchange-Traded Fund |
| MSCI – Morgan Stanley Capital International |
| S&P – Standard & Poor’s Financial Services LLC |
2 NQ-IV033 [3/22] 5/22 (2218042)