Schedule of investments
Delaware High-Yield Opportunities Fund | October 31, 2020 (Unaudited) |
Principal amount° | Value (US $) | ||
Convertible Bond — 0.13% | |||
PDC Energy 1.125% exercise price $85.39, maturity date 9/15/21 | 230,000 | $222,599 | |
Total Convertible Bond (cost $221,087) | 222,599 | ||
Corporate Bonds — 88.23% | |||
Automotive — 2.56% | |||
Allison Transmission 144A 5.875% 6/1/29 # | 724,000 | 791,509 | |
Ford Motor | |||
8.50% 4/21/23 | 620,000 | 685,314 | |
9.00% 4/22/25 | 195,000 | 229,619 | |
Ford Motor Credit | |||
3.37% 11/17/23 | 470,000 | 466,475 | |
4.125% 8/17/27 | 440,000 | 433,950 | |
4.542% 8/1/26 | 480,000 | 489,000 | |
5.584% 3/18/24 | 430,000 | 452,493 | |
5.875% 8/2/21 | 395,000 | 403,868 | |
General Motors Financial 5.70% μ, ψ | 305,000 | 316,438 | |
4,268,666 | |||
Banking — 3.07% | |||
Barclays 6.125% μ, ψ | 825,000 | 841,404 | |
Deutsche Bank 6.00% μ, ψ | 600,000 | 535,500 | |
Natwest Group 8.625% μ, ψ | 1,355,000 | 1,401,517 | |
Popular 6.125% 9/14/23 | 2,170,000 | 2,330,635 | |
5,109,056 | |||
Basic Industry — 10.44% | |||
Allegheny Technologies 5.875% 12/1/27 | 1,285,000 | 1,211,915 | |
Avient 144A 5.75% 5/15/25 # | 1,193,000 | 1,257,124 | |
Blue Cube Spinco 10.00% 10/15/25 | 310,000 | 327,713 | |
Cemex 144A 7.375% 6/5/27 # | 480,000 | 529,325 | |
First Quantum Minerals | |||
144A 6.875% 10/15/27 # | 425,000 | 423,406 | |
144A 7.25% 4/1/23 # | 805,000 | 810,253 | |
144A 7.50% 4/1/25 # | 710,000 | 713,994 | |
Freeport-McMoRan 5.45% 3/15/43 | 1,705,000 | 1,948,696 | |
Hudbay Minerals | |||
144A 6.125% 4/1/29 # | 380,000 | 389,500 | |
144A 7.625% 1/15/25 # | 410,000 | 426,144 | |
Intertape Polymer Group 144A 7.00% 10/15/26 # | 685,000 | 721,688 | |
Joseph T Ryerson & Son 144A 8.50% 8/1/28 # | 283,000 | 303,779 | |
Kraton Polymers 144A 7.00% 4/15/25 # | 885,000 | 914,316 | |
M/I Homes 4.95% 2/1/28 | 1,086,000 | 1,127,404 |
NQ-137 [10/20] 12/20 (1440438) 1
Schedule of investments
Delaware High-Yield Opportunities
Fund (Unaudited)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Basic Industry (continued) | |||
Mattamy Group | |||
144A 4.625% 3/1/30 # | 260,000 | $264,347 | |
144A 5.25% 12/15/27 # | 720,000 | 763,650 | |
New Gold | |||
144A 6.375% 5/15/25 # | 195,000 | 201,216 | |
144A 7.50% 7/15/27 # | 310,000 | 335,924 | |
Novelis | |||
144A 4.75% 1/30/30 # | 230,000 | 233,678 | |
144A 5.875% 9/30/26 # | 425,000 | 439,080 | |
Olin 5.00% 2/1/30 | 430,000 | 434,220 | |
PowerTeam Services 144A 9.033% 12/4/25 # | 1,105,000 | 1,174,753 | |
Tronox 144A 6.50% 4/15/26 # | 625,000 | 634,694 | |
WESCO Distribution 144A 7.25% 6/15/28 # | 550,000 | 602,852 | |
White Cap Buyer 144A 6.875% 10/15/28 # | 850,000 | 872,844 | |
WR Grace & Co. 144A 4.875% 6/15/27 # | 310,000 | 323,333 | |
17,385,848 | |||
Capital Goods — 7.27% | |||
ARD Finance 144A PIK 6.50% 6/30/27 #, > | 755,000 | 768,213 | |
Ardagh Packaging Finance 144A 5.25% 8/15/27 # | 540,000 | 556,583 | |
Berry Global 144A 5.625% 7/15/27 # | 1,105,000 | 1,158,062 | |
Bombardier | |||
144A 7.50% 3/15/25 # | 585,000 | 426,319 | |
144A 7.875% 4/15/27 # | 461,000 | 336,530 | |
EnPro Industries 5.75% 10/15/26 | 870,000 | 916,597 | |
Griffon 5.75% 3/1/28 | 900,000 | 934,875 | |
Mauser Packaging Solutions Holding 144A 5.50% 4/15/24 # | 312,000 | 312,574 | |
Reynolds Group Issuer 144A 4.00% 10/15/27 # | 1,715,000 | 1,742,869 | |
Spirit AeroSystems 144A 5.50% 1/15/25 # | 840,000 | 855,750 | |
Terex 144A 5.625% 2/1/25 # | 470,000 | 472,056 | |
Titan Acquisition 144A 7.75% 4/15/26 # | 310,000 | 310,000 | |
TransDigm | |||
5.50% 11/15/27 | 955,000 | 932,892 | |
144A 6.25% 3/15/26 # | 1,315,000 | 1,372,538 | |
144A 8.00% 12/15/25 # | 160,000 | 173,160 | |
Vertical Holdco 144A 7.625% 7/15/28 # | 200,000 | 207,875 | |
Vertical US Newco 144A 5.25% 7/15/27 # | 200,000 | 206,215 | |
Welbilt 9.50% 2/15/24 | 417,000 | 424,124 | |
12,107,232 | |||
Communications — 11.68% | |||
Altice Financing 144A 5.00% 1/15/28 # | 565,000 | 548,793 |
2 NQ-137 [10/20] 12/20 (1440438)
(Unaudited)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Communications (continued) | |||
Altice France Holding | |||
144A 6.00% 2/15/28 # | 1,630,000 | $1,566,430 | |
144A 10.50% 5/15/27 # | 835,000 | 922,153 | |
C&W Senior Financing 144A 6.875% 9/15/27 # | 1,099,000 | 1,159,995 | |
Cablevision Lightpath | |||
144A 3.875% 9/15/27 # | 580,000 | 576,375 | |
144A 5.625% 9/15/28 # | 300,000 | 303,563 | |
CenturyLink 144A 5.125% 12/15/26 # | 1,350,000 | 1,382,339 | |
Cincinnati Bell 144A 7.00% 7/15/24 # | 1,130,000 | 1,171,658 | |
Connect Finco 144A 6.75% 10/1/26 # | 1,835,000 | 1,851,056 | |
Frontier Communications 144A 5.875% 10/15/27 # | 470,000 | 479,988 | |
LCPR Senior Secured Financing 144A 6.75% 10/15/27 # | 515,000 | 547,831 | |
Level 3 Financing 144A 4.25% 7/1/28 # | 960,000 | 965,760 | |
Sprint | |||
7.125% 6/15/24 | 255,000 | 293,622 | |
7.625% 3/1/26 | 510,000 | 621,427 | |
7.875% 9/15/23 | 1,675,000 | 1,914,734 | |
Sprint Capital 8.75% 3/15/32 | 170,000 | 254,568 | |
T-Mobile USA | |||
6.00% 4/15/24 | 640,000 | 652,128 | |
6.50% 1/15/26 | 1,070,000 | 1,116,278 | |
Vodafone Group 7.00% 4/4/79 μ | 680,000 | 807,564 | |
Windstream Escrow 144A 7.75% 8/15/28 # | 939,000 | 909,656 | |
Zayo Group Holdings 144A 6.125% 3/1/28 # | 1,385,000 | 1,399,501 | |
19,445,419 | |||
Consumer Cyclical — 3.69% | |||
Boyd Gaming 4.75% 12/1/27 | 890,000 | 867,367 | |
Caesars Entertainment | |||
144A 6.25% 7/1/25 # | 530,000 | 544,840 | |
144A 8.125% 7/1/27 # | 440,000 | 459,800 | |
L Brands | |||
144A 6.875% 7/1/25 # | 605,000 | 649,462 | |
144A 9.375% 7/1/25 # | 355,000 | 412,244 | |
MGM Resorts International 4.75% 10/15/28 | 1,185,000 | 1,160,559 | |
Scientific Games International | |||
144A 8.25% 3/15/26 # | 714,000 | 724,142 | |
144A 8.625% 7/1/25 # | 400,000 | 416,372 | |
Six Flags Entertainment 144A 4.875% 7/31/24 # | 525,000 | 488,707 | |
Station Casinos 144A 5.00% 10/1/25 # | 415,000 | 413,703 | |
6,137,196 |
NQ-137 [10/20] 12/20 (1440438) 3
Schedule of investments
Delaware High-Yield Opportunities
Fund (Unaudited)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Consumer Non-Cyclical — 3.92% | |||
Energizer Holdings 144A 4.375% 3/31/29 # | 675,000 | $682,425 | |
JBS USA LUX | |||
144A 5.50% 1/15/30 # | 490,000 | 533,487 | |
144A 6.50% 4/15/29 # | 675,000 | 759,463 | |
Kraft Heinz Foods | |||
5.00% 7/15/35 | 420,000 | 483,805 | |
5.20% 7/15/45 | 700,000 | 773,852 | |
Pilgrim's Pride 144A 5.75% 3/15/25 # | 525,000 | 538,125 | |
Post Holdings 144A 5.50% 12/15/29 # | 970,000 | 1,047,624 | |
Spectrum Brands | |||
144A 5.00% 10/1/29 # | 920,000 | 977,500 | |
144A 5.50% 7/15/30 # | 235,000 | 251,891 | |
United Natural Foods 144A 6.75% 10/15/28 # | 465,000 | 471,394 | |
6,519,566 | |||
Energy — 12.00% | |||
Cheniere Energy Partners 4.50% 10/1/29 | 895,000 | 913,804 | |
CNX Resources 144A 7.25% 3/14/27 # | 1,115,000 | 1,177,741 | |
Continental Resources 5.00% 9/15/22 | 895,000 | 882,470 | |
Crestwood Midstream Partners 144A 5.625% 5/1/27 # | 1,065,000 | 935,203 | |
DCP Midstream Operating 5.125% 5/15/29 | 1,010,000 | 1,006,041 | |
EQM Midstream Partners 144A 6.50% 7/1/27 # | 615,000 | 645,879 | |
Genesis Energy 6.50% 10/1/25 | 1,370,000 | 1,139,669 | |
Murphy Oil 5.875% 12/1/27 | 1,305,000 | 1,030,976 | |
Murphy Oil USA 5.625% 5/1/27 | 785,000 | 827,045 | |
NuStar Logistics | |||
6.00% 6/1/26 | 1,265,000 | 1,251,357 | |
6.375% 10/1/30 | 740,000 | 746,013 | |
Occidental Petroleum | |||
2.70% 2/15/23 | 844,000 | 756,962 | |
3.00% 2/15/27 | 485,000 | 367,084 | |
3.50% 8/15/29 | 470,000 | 339,838 | |
6.625% 9/1/30 | 610,000 | 535,458 | |
PDC Energy | |||
5.75% 5/15/26 | 855,000 | 807,441 | |
6.125% 9/15/24 | 607,000 | 591,446 | |
Precision Drilling 144A 7.125% 1/15/26 # | 1,590,000 | 1,007,360 | |
Southwestern Energy 7.75% 10/1/27 | 1,306,000 | 1,350,894 | |
Targa Resources Partners | |||
144A 4.875% 2/1/31 # | 515,000 | 503,366 | |
5.375% 2/1/27 | 1,015,000 | 1,022,425 | |
4 NQ-137 [10/20] 12/20 (1440438)
(Unaudited)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Energy (continued) | |||
Western Midstream Operating 4.75% 8/15/28 | 875,000 | $820,312 | |
WPX Energy | |||
5.25% 10/15/27 | 945,000 | 949,347 | |
5.875% 6/15/28 | 355,000 | 363,438 | |
19,971,569 | |||
Financial Services — 2.95% | |||
AerCap Holdings 5.875% 10/10/79 μ | 565,000 | 448,274 | |
AerCap Ireland Capital DAC 6.50% 7/15/25 | 835,000 | 919,840 | |
Ally Financial 8.00% 11/1/31 | 705,000 | 974,641 | |
DAE Funding | |||
144A 4.50% 8/1/22 # | 230,000 | 231,725 | |
144A 5.75% 11/15/23 # | 1,529,000 | 1,550,023 | |
United Shore Financial Services 144A 5.50% 11/15/25 # | 775,000 | 785,424 | |
4,909,927 | |||
Healthcare — 6.83% | |||
Bausch Health 144A 6.25% 2/15/29 # | 1,215,000 | 1,253,880 | |
Cheplapharm Arzneimittel 144A 5.50% 1/15/28 # | 845,000 | 856,796 | |
CHS 144A 8.00% 3/15/26 # | 940,000 | 944,700 | |
Encompass Health 4.75% 2/1/30 | 1,194,000 | 1,245,712 | |
Hadrian Merger Sub 144A 8.50% 5/1/26 # | 880,000 | 861,133 | |
HCA | |||
5.375% 2/1/25 | 490,000 | 543,319 | |
7.58% 9/15/25 | 690,000 | 818,009 | |
Jaguar Holding II 144A 5.00% 6/15/28 # | 780,000 | 813,977 | |
Ortho-Clinical Diagnostics 144A 7.375% 6/1/25 # | 870,000 | 919,481 | |
Surgery Center Holdings 144A 10.00% 4/15/27 # | 445,000 | 475,872 | |
Tenet Healthcare | |||
144A 6.125% 10/1/28 # | 435,000 | 423,309 | |
6.75% 6/15/23 | 455,000 | 480,271 | |
6.875% 11/15/31 | 781,000 | 783,780 | |
Verscend Escrow 144A 9.75% 8/15/26 # | 875,000 | 942,266 | |
11,362,505 | |||
Insurance — 1.60% | |||
GTCR AP Finance 144A 8.00% 5/15/27 # | 305,000 | 325,588 | |
HUB International 144A 7.00% 5/1/26 # | 815,000 | 836,194 | |
USI 144A 6.875% 5/1/25 # | 1,465,000 | 1,495,201 | |
2,656,983 |
NQ-137 [10/20] 12/20 (1440438) 5
Schedule of investments
Delaware High-Yield Opportunities
Fund (Unaudited)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Media — 6.51% | |||
CCO Holdings | |||
144A 4.50% 8/15/30 # | 1,875,000 | $1,950,009 | |
144A 4.50% 5/1/32 # | 210,000 | 217,087 | |
144A 5.375% 6/1/29 # | 720,000 | 780,221 | |
Clear Channel Worldwide Holdings 9.25% 2/15/24 | 944,000 | 819,368 | |
CSC Holdings | |||
144A 4.625% 12/1/30 # | 1,075,000 | 1,076,199 | |
144A 5.75% 1/15/30 # | 780,000 | 834,834 | |
Cumulus Media New Holdings 144A 6.75% 7/1/26 # | 870,000 | 810,592 | |
Gray Television 144A 7.00% 5/15/27 # | 830,000 | 896,400 | |
Netflix 144A 4.875% 6/15/30 # | 480,000 | 548,700 | |
Nexstar Broadcasting | |||
144A 4.75% 11/1/28 # | 610,000 | 615,719 | |
144A 5.625% 7/15/27 # | 655,000 | 683,863 | |
Sirius XM Radio 144A 4.125% 7/1/30 # | 780,000 | 802,823 | |
Terrier Media Buyer 144A 8.875% 12/15/27 # | 780,000 | 798,814 | |
10,834,629 | |||
Real Estate — 1.08% | |||
HAT Holdings I 144A 3.75% 9/15/30 # | 635,000 | 637,381 | |
Iron Mountain 144A 5.25% 7/15/30 # | 545,000 | 559,988 | |
MGM Growth Properties Operating Partnership 5.75% 2/1/27 | 560,000 | 605,192 | |
1,802,561 | |||
Services — 4.98% | |||
Clean Harbors 144A 5.125% 7/15/29 # | 580,000 | 632,122 | |
Covanta Holding | |||
5.00% 9/1/30 | 310,000 | 317,363 | |
6.00% 1/1/27 | 940,000 | 982,300 | |
Gartner 144A 4.50% 7/1/28 # | 700,000 | 731,647 | |
GFL Environmental 144A 4.25% 6/1/25 # | 480,000 | 490,500 | |
Prime Security Services Borrower | |||
144A 5.75% 4/15/26 # | 945,000 | 1,007,606 | |
144A 6.25% 1/15/28 # | 1,150,000 | 1,163,673 | |
Sabre GLBL | |||
144A 7.375% 9/1/25 # | 600,000 | 612,900 | |
144A 9.25% 4/15/25 # | 515,000 | 568,431 | |
Tms International Holding 144A 7.25% 8/15/25 # | 515,000 | 493,113 |
6 NQ-137 [10/20] 12/20 (1440438)
(Unaudited)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Services (continued) | |||
United Rentals North America | |||
3.875% 2/15/31 | 780,000 | $789,262 | |
5.25% 1/15/30 | 460,000 | 499,388 | |
8,288,305 | |||
Technology & Electronics — 5.28% | |||
Banff Merger Sub 144A 9.75% 9/1/26 # | 935,000 | 984,087 | |
Black Knight InfoServ 144A 3.625% 9/1/28 # | 725,000 | 734,969 | |
BY Crown Parent | |||
144A 4.25% 1/31/26 # | 750,000 | 760,313 | |
144A 7.375% 10/15/24 # | 1,537,000 | 1,557,972 | |
Camelot Finance 144A 4.50% 11/1/26 # | 790,000 | 823,081 | |
CommScope Technologies 144A 5.00% 3/15/27 # | 765,000 | 717,666 | |
Microchip Technology 144A 4.25% 9/1/25 # | 815,000 | 845,192 | |
Open Text Holdings 144A 4.125% 2/15/30 # | 839,000 | 872,006 | |
Shift4 Payments 144A 4.625% 11/1/26 # | 465,000 | 472,556 | |
SS&C Technologies 144A 5.50% 9/30/27 # | 963,000 | 1,024,709 | |
8,792,551 | |||
Transportation — 2.48% | |||
Delta Air Lines | |||
144A 7.00% 5/1/25 # | 805,000 | 879,307 | |
7.375% 1/15/26 | 785,000 | 812,186 | |
Mileage Plus Holdings 144A 6.50% 6/20/27 # | 550,000 | 573,719 | |
Southwest Airlines 5.125% 6/15/27 | 470,000 | 523,261 | |
Spirit Loyalty Cayman 144A 8.00% 9/20/25 # | 380,000 | 403,275 | |
Stena International 144A 6.125% 2/1/25 # | 300,000 | 282,750 | |
VistaJet Malta Finance 144A 10.50% 6/1/24 # | 685,000 | 652,462 | |
4,126,960 | |||
Utilities — 1.89% | |||
Calpine | |||
144A 4.625% 2/1/29 # | 155,000 | 156,738 | |
144A 5.00% 2/1/31 # | 905,000 | 925,317 | |
PG&E 5.25% 7/1/30 | 850,000 | 851,063 | |
Vistra Operations | |||
144A 5.50% 9/1/26 # | 573,000 | 593,771 | |
144A 5.625% 2/15/27 # | 595,000 | 621,156 | |
3,148,045 | |||
Total Corporate Bonds (cost $144,076,478) | 146,867,018 | ||
NQ-137 [10/20] 12/20 (1440438) 7
Schedule of investments
Delaware High-Yield Opportunities
Fund (Unaudited)
Principal amount° | Value (US $) | ||
Loan Agreements — 7.16% | |||
Applied Systems 2nd Lien 8.00% (LIBOR03M + 7.00%) 9/19/25 • | 1,898,579 | $1,914,005 | |
Apro 5.00% (LIBOR03M + 4.00%) 11/14/26 • | 373,978 | 371,173 | |
Blue Ribbon 1st Lien 5.00% (LIBOR03M + 4.00%) 11/15/21 • | 347,103 | 324,541 | |
Boxer Parent 4.397% (LIBOR01M + 4.25%) 10/2/25 • | 258,657 | 251,490 | |
BW Gas & Convenience Holdings 6.41% (LIBOR01M + 6.25%) 11/18/24 • | 848,376 | 848,376 | |
BWay Holding 3.479% (LIBOR03M + 3.25%) 4/3/24 • | 552,147 | 517,983 | |
Carnival 8.50% (LIBOR01M + 7.50%) 6/30/25 • | 528,675 | 532,640 | |
Epicor Software 2nd Lien 8.75% (LIBOR01M + 7.75%) 7/31/28 • | 658,200 | 673,010 | |
Frontier Communications 5.75% (LIBOR01M + 4.75%) 10/8/21 • | 345,000 | 341,550 | |
Granite US Holdings Tranche B 5.47% (LIBOR03M + 5.25%) 9/30/26 • | 870,540 | 818,308 | |
Hamilton Projects Acquiror 5.75% (LIBOR03M + 4.75%) 6/17/27 • | 887,775 | 886,665 | |
Informatica 2nd Lien 7.125% 2/14/25 | 945,000 | 960,356 | |
Merrill Communications Tranche B 1st Lien 6.00% (LIBOR06M + 5.00%) 10/5/26 • | 672,915 | 671,233 | |
Surgery Center Holdings 4.25% (LIBOR01M + 3.25%) 9/2/24 • | 457,396 | 434,621 | |
Ultimate Software Group 2nd Lien 7.50% (LIBOR03M + 6.75%) 5/3/27 • | 1,214,000 | 1,238,786 | |
Vantage Specialty Chemicals 2nd Lien 9.25% (LIBOR03M + 8.25%) 10/27/25 • | 560,000 | 437,675 | |
Verscend Holding Tranche B 4.647% (LIBOR01M + 4.50%) 8/27/25 • | 703,134 | 691,415 | |
Total Loan Agreements (cost $11,883,953) | 11,913,827 |
Number of shares | |||
Common Stock — 0.00% | |||
Communications — 0.00% | |||
Century Communications =, † | 4,250,000 | 0 | |
0 | |||
Total Common Stock (cost $128,662) | 0 | ||
8 NQ-137 [10/20] 12/20 (1440438)
(Unaudited)
Number of shares | Value (US $) | ||
Short-Term Investments — 3.15% | |||
Money Market Mutual Funds — 3.15% | |||
BlackRock FedFund – Institutional Shares (seven-day effective yield 0.00%) | 1,308,856 | $1,308,856 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 0.01%) | 1,308,856 | 1,308,856 | |
GS Financial Square Government Fund – Institutional Shares (seven-day effective yield 0.00%) | 1,308,856 | 1,308,856 | |
Morgan Stanley Government Portfolio – Institutional Share Class (seven-day effective yield 0.00%) | 1,308,856 | 1,308,856 | |
Total Short-Term Investments (cost $5,235,424) | 5,235,424 | ||
Total Value of Securities—98.67% (cost $161,545,604) | 164,238,868 | ||
Receivables and Other Assets Net of Liabilities—1.33% | 2,215,748 | ||
Net Assets Applicable to 44,928,588 Shares Outstanding—100.00% | $166,454,616 |
° | Principal amount shown is stated in USD unless noted that the security is denominated in another currency. |
# | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At October 31, 2020, the aggregate value of Rule 144A securities was $92,961,216, which represents 55.85% of the Fund's net assets. |
μ | Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at October 31, 2020. Rate will reset at a future date. |
ψ | No contractual maturity date. |
> | PIK. 47% of the income received was in cash and 53% was in principal. |
• | Variable rate investment. Rates reset periodically. Rate shown reflects the rate in effect at October 31, 2020. For securities based on a published reference rate and spread, the reference rate and spread are indicated in their descriptions. The reference rate descriptions (i.e. LIBOR03M, LIBOR06M, etc.) used in this report are identical for different securities, but the underlying reference rates may differ due to the timing of the reset period. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions, or for mortgage-backed securities, are impacted by the individual mortgages which are paying off over time. These securities do not indicate a reference rate and spread in their descriptions. |
= | The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security. |
† | Non-income producing security. |
NQ-137 [10/20] 12/20 (1440438) 9
Schedule of investments
Delaware High-Yield Opportunities
Fund (Unaudited)
Summary of abbreviations: |
DAC – Designated Activity Company |
GS – Goldman Sachs |
ICE – Intercontinental Exchange, Inc. |
LIBOR – London interbank offered rate |
LIBOR01M – ICE LIBOR USD 1 Month |
LIBOR03M – ICE LIBOR USD 3 Month |
LIBOR06M – ICE LIBOR USD 6 Month |
PIK – Payment-in-kind |
Summary of currencies: |
USD – US Dollar |
10 NQ-137 [10/20] 12/20 (1440438)