Schedule of investments
Delaware High-Yield Opportunities Fund | April 30, 2021 (Unaudited) |
Principal amount° | Value (US $) | ||
Corporate Bonds — 86.99% | |||
Automotive — 3.05% | |||
Allison Transmission 144A 5.875% 6/1/29 # | 724,000 | $783,730 | |
Ford Motor | |||
8.50% 4/21/23 | 620,000 | 695,175 | |
9.00% 4/22/25 | 195,000 | 238,388 | |
Ford Motor Credit | |||
3.37% 11/17/23 | 470,000 | 484,687 | |
3.375% 11/13/25 | 460,000 | 471,353 | |
4.125% 8/17/27 | 440,000 | 460,398 | |
4.542% 8/1/26 | 480,000 | 516,000 | |
5.584% 3/18/24 | 430,000 | 469,444 | |
General Motors Financial 5.70% 9/30/30 μ, ψ | 305,000 | 341,600 | |
Jaguar Land Rover Automotive | |||
144A 4.50% 10/1/27 # | 260,000 | 248,793 | |
144A 5.875% 1/15/28 # | 625,000 | 634,781 | |
5,344,349 | |||
Banking — 2.82% | |||
Barclays 6.125% 12/15/25 μ, ψ | 825,000 | 913,333 | |
Deutsche Bank 6.00% 10/30/25 μ, ψ | 1,200,000 | 1,258,500 | |
Popular 6.125% 9/14/23 | 1,369,000 | 1,478,663 | |
SVB Financial Group 4.10% 2/15/31 μ, ψ | 1,270,000 | 1,280,319 | |
4,930,815 | |||
Basic Industry — 8.47% | |||
Allegheny Technologies 5.875% 12/1/27 | 810,000 | 857,081 | |
Avient 144A 5.75% 5/15/25 # | 813,000 | 859,479 | |
Blue Cube Spinco 10.00% 10/15/25 | 114,000 | 119,996 | |
Chemours 144A 5.75% 11/15/28 # | 855,000 | 909,429 | |
First Quantum Minerals | |||
144A 6.875% 10/15/27 # | 625,000 | 686,719 | |
144A 7.25% 4/1/23 # | 805,000 | 821,100 | |
144A 7.50% 4/1/25 # | 710,000 | 737,956 | |
Freeport-McMoRan 5.45% 3/15/43 | 1,025,000 | 1,253,062 | |
Hudbay Minerals 144A 6.125% 4/1/29 # | 380,000 | 404,534 | |
INEOS Quattro Finance 2 144A 3.375% 1/15/26 # | 865,000 | 865,000 | |
M/I Homes 4.95% 2/1/28 | 1,086,000 | 1,144,020 | |
New Gold 144A 7.50% 7/15/27 # | 810,000 | 879,944 | |
NOVA Chemicals 144A 4.25% 5/15/29 # | 890,000 | 883,325 | |
Novelis | |||
144A 4.75% 1/30/30 # | 230,000 | 239,488 | |
144A 5.875% 9/30/26 # | 425,000 | 443,887 | |
Olin 5.00% 2/1/30 | 430,000 | 453,570 | |
PowerTeam Services 144A 9.033% 12/4/25 # | 1,525,000 | 1,694,771 |
NQ-137 [4/21] 6/21 (1676439) 1
Schedule of investments
Delaware High-Yield Opportunities
Fund (Unaudited)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Basic Industry (continued) | |||
United States Steel 6.875% 3/1/29 | 560,000 | $585,312 | |
Vedanta Resources Finance II 144A 8.95% 3/11/25 # | 410,000 | 407,247 | |
Venator Finance 144A 5.75% 7/15/25 # | 600,000 | 594,291 | |
14,840,211 | |||
Capital Goods — 5.44% | |||
Arcosa 144A 4.375% 4/15/29 # | 370,000 | 378,865 | |
ARD Finance 144A PIK 6.50% 6/30/27 #, > | 755,000 | 790,863 | |
Bombardier | |||
144A 7.50% 3/15/25 # | 585,000 | 584,634 | |
144A 7.875% 4/15/27 # | 436,000 | 435,455 | |
Granite US Holdings 144A 11.00% 10/1/27 # | 770,000 | 866,250 | |
Intertape Polymer Group 144A 7.00% 10/15/26 # | 685,000 | 720,832 | |
Reynolds Group Issuer 144A 4.00% 10/15/27 # | 840,000 | 831,625 | |
Spirit AeroSystems 144A 5.50% 1/15/25 # | 840,000 | 889,350 | |
Terex 144A 5.00% 5/15/29 # | 990,000 | 1,030,838 | |
Titan Acquisition 144A 7.75% 4/15/26 # | 310,000 | 323,005 | |
TransDigm 144A 6.25% 3/15/26 # | 1,315,000 | 1,393,900 | |
Vertical Holdco 144A 7.625% 7/15/28 # | 775,000 | 846,203 | |
Welbilt 9.50% 2/15/24 | 417,000 | 439,153 | |
9,530,973 | |||
Communications — 7.45% | |||
Altice Financing 144A 5.00% 1/15/28 # | 565,000 | 558,409 | |
Altice France Holding 144A 6.00% 2/15/28 # | 1,255,000 | 1,247,156 | |
Cincinnati Bell 144A 7.00% 7/15/24 # | 1,130,000 | 1,169,968 | |
Connect Finco 144A 6.75% 10/1/26 # | 1,435,000 | 1,500,938 | |
Consolidated Communications | |||
144A 5.00% 10/1/28 # | 400,000 | 406,500 | |
144A 6.50% 10/1/28 # | 400,000 | 431,470 | |
Frontier Communications 144A 5.875% 10/15/27 # | 470,000 | 499,962 | |
LCPR Senior Secured Financing DAC 144A 6.75% 10/15/27 # | 515,000 | 554,300 | |
Level 3 Financing 144A 4.25% 7/1/28 # | 960,000 | 968,506 | |
Sable International Finance 144A 5.75% 9/7/27 # | 585,000 | 615,347 | |
Sprint | |||
7.125% 6/15/24 | 255,000 | 294,811 | |
7.625% 3/1/26 | 510,000 | 626,025 | |
7.875% 9/15/23 | 1,110,000 | 1,266,787 | |
Sprint Capital 8.75% 3/15/32 | 170,000 | 252,276 |
2 NQ-137 [4/21] 6/21 (1676439)
(Unaudited)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Communications (continued) | |||
T-Mobile USA | |||
2.625% 4/15/26 | 470,000 | $478,671 | |
3.375% 4/15/29 | 470,000 | 478,345 | |
3.50% 4/15/31 | 270,000 | 274,388 | |
Zayo Group Holdings 144A 6.125% 3/1/28 # | 1,385,000 | 1,426,675 | |
13,050,534 | |||
Consumer Cyclical — 9.05% | |||
Bloomin' Brands 144A 5.125% 4/15/29 # | 900,000 | 923,625 | |
Boyd Gaming 4.75% 12/1/27 | 890,000 | 913,527 | |
Caesars Entertainment | |||
144A 6.25% 7/1/25 # | 530,000 | 564,159 | |
144A 8.125% 7/1/27 # | 440,000 | 489,485 | |
Carnival | |||
144A 5.75% 3/1/27 # | 1,680,000 | 1,773,458 | |
144A 7.625% 3/1/26 # | 1,210,000 | 1,326,481 | |
L Brands | |||
6.875% 11/1/35 | 520,000 | 631,194 | |
6.95% 3/1/33 | 592,000 | 695,600 | |
144A 9.375% 7/1/25 # | 355,000 | 450,850 | |
Levi Strauss & Co. 144A 3.50% 3/1/31 # | 926,000 | 924,912 | |
Magic Mergeco 144A 7.875% 5/1/29 # | 740,000 | 761,275 | |
MGM Resorts International 4.75% 10/15/28 | 775,000 | 818,547 | |
Murphy Oil USA 144A 3.75% 2/15/31 # | 790,000 | 779,137 | |
PetSmart 144A 7.75% 2/15/29 # | 970,000 | 1,052,314 | |
Royal Caribbean Cruises 144A 5.50% 4/1/28 # | 1,700,000 | 1,784,915 | |
Scientific Games International | |||
144A 7.25% 11/15/29 # | 405,000 | 445,990 | |
144A 8.25% 3/15/26 # | 714,000 | 770,228 | |
Six Flags Entertainment 144A 4.875% 7/31/24 # | 525,000 | 529,696 | |
Station Casinos 144A 5.00% 10/1/25 # | 219,000 | 222,422 | |
15,857,815 | |||
Consumer Non-Cyclical — 3.06% | |||
Energizer Holdings 144A 4.375% 3/31/29 # | 675,000 | 670,822 | |
JBS USA LUX | |||
144A 5.50% 1/15/30 # | 490,000 | 539,617 | |
144A 6.50% 4/15/29 # | 675,000 | 758,538 | |
Kraft Heinz Foods | |||
5.00% 7/15/35 | 420,000 | 491,263 | |
5.20% 7/15/45 | 700,000 | 829,855 | |
Post Holdings 144A 5.50% 12/15/29 # | 970,000 | 1,045,466 |
NQ-137 [4/21] 6/21 (1676439) 3
Schedule of investments
Delaware High-Yield Opportunities
Fund (Unaudited)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Consumer Non-Cyclical (continued) | |||
United Natural Foods 144A 6.75% 10/15/28 # | 950,000 | $1,024,874 | |
5,360,435 | |||
Energy — 12.50% | |||
Apache | |||
4.75% 4/15/43 | 534,000 | 530,970 | |
4.875% 11/15/27 | 405,000 | 427,984 | |
Ascent Resources Utica Holdings 144A 7.00% 11/1/26 # | 855,000 | 868,017 | |
CNX Resources | |||
144A 6.00% 1/15/29 # | 865,000 | 925,381 | |
144A 7.25% 3/14/27 # | 405,000 | 437,995 | |
Crestwood Midstream Partners 144A 5.625% 5/1/27 # | 1,065,000 | 1,085,996 | |
DCP Midstream Operating 5.125% 5/15/29 | 1,215,000 | 1,299,904 | |
EQM Midstream Partners | |||
144A 4.75% 1/15/31 # | 510,000 | 505,509 | |
144A 6.50% 7/1/27 # | 350,000 | 386,919 | |
Genesis Energy | |||
7.75% 2/1/28 | 855,000 | 864,670 | |
8.00% 1/15/27 | 1,370,000 | 1,413,148 | |
Murphy Oil 6.375% 7/15/28 | 1,475,000 | 1,498,969 | |
NuStar Logistics | |||
6.00% 6/1/26 | 965,000 | 1,047,474 | |
6.375% 10/1/30 | 936,000 | 1,031,940 | |
Occidental Petroleum | |||
3.00% 2/15/27 | 485,000 | 463,895 | |
3.40% 4/15/26 | 450,000 | 445,586 | |
3.50% 8/15/29 | 470,000 | 449,438 | |
6.125% 1/1/31 | 865,000 | 963,394 | |
6.45% 9/15/36 | 400,000 | 455,008 | |
6.625% 9/1/30 | 610,000 | 696,202 | |
PDC Energy | |||
5.75% 5/15/26 | 1,046,000 | 1,088,813 | |
6.125% 9/15/24 | 324,000 | 332,708 | |
Southwestern Energy 7.75% 10/1/27 | 806,000 | 867,429 | |
Targa Resources Partners | |||
144A 4.00% 1/15/32 # | 1,085,000 | 1,067,369 | |
144A 4.875% 2/1/31 # | 515,000 | 539,012 | |
TechnipFMC 144A 6.50% 2/1/26 # | 1,575,000 | 1,681,882 | |
Western Midstream Operating 4.75% 8/15/28 | 475,000 | 511,813 | |
21,887,425 |
4 NQ-137 [4/21] 6/21 (1676439)
(Unaudited)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Financial Services — 4.36% | |||
AerCap Holdings 5.875% 10/10/79 μ | 1,070,000 | $1,118,471 | |
Air Lease 4.65% 6/15/26 μ, ψ | 815,000 | 833,337 | |
Ally Financial | |||
4.70% 5/15/26 μ, ψ | 855,000 | 868,851 | |
8.00% 11/1/31 | 590,000 | 830,542 | |
Camelot Finance 144A 4.50% 11/1/26 # | 790,000 | 818,638 | |
Credit Suisse Group 144A 4.50% 9/3/30 #, μ, ψ | 835,000 | 799,513 | |
Hightower Holding 144A 6.75% 4/15/29 # | 540,000 | 553,500 | |
Midcap Financial Issuer Trust 144A 6.50% 5/1/28 # | 490,000 | 508,365 | |
UBS Group 144A 4.375% 2/10/31 #, μ, ψ | 1,305,000 | 1,303,382 | |
7,634,599 | |||
Healthcare — 7.03% | |||
Bausch Health 144A 6.25% 2/15/29 # | 1,215,000 | 1,286,400 | |
Cheplapharm Arzneimittel 144A 5.50% 1/15/28 # | 845,000 | 879,856 | |
CHS | |||
144A 4.75% 2/15/31 # | 860,000 | 854,685 | |
144A 8.00% 3/15/26 # | 425,000 | 458,469 | |
DaVita 144A 4.625% 6/1/30 # | 735,000 | 745,106 | |
Encompass Health 4.75% 2/1/30 | 584,000 | 613,930 | |
Hadrian Merger Sub 144A 8.50% 5/1/26 # | 880,000 | 916,133 | |
HCA | |||
5.375% 2/1/25 | 490,000 | 546,683 | |
5.875% 2/1/29 | 454,000 | 536,288 | |
7.58% 9/15/25 | 690,000 | 824,550 | |
Jaguar Holding II 144A 5.00% 6/15/28 # | 780,000 | 851,565 | |
Organon Finance 1 144A 5.125% 4/30/31 # | 425,000 | 441,511 | |
Ortho-Clinical Diagnostics | |||
144A 7.25% 2/1/28 # | 408,000 | 448,341 | |
144A 7.375% 6/1/25 # | 522,000 | 563,434 | |
Surgery Center Holdings 144A 10.00% 4/15/27 # | 445,000 | 488,802 | |
Tenet Healthcare | |||
144A 6.125% 10/1/28 # | 460,000 | 485,990 | |
6.75% 6/15/23 | 455,000 | 497,429 | |
6.875% 11/15/31 | 781,000 | 873,595 | |
12,312,767 | |||
Insurance — 1.52% | |||
GTCR AP Finance 144A 8.00% 5/15/27 # | 305,000 | 325,587 | |
HUB International 144A 7.00% 5/1/26 # | 815,000 | 845,489 | |
USI 144A 6.875% 5/1/25 # | 1,465,000 | 1,493,370 | |
2,664,446 |
NQ-137 [4/21] 6/21 (1676439) 5
Schedule of investments
Delaware High-Yield Opportunities
Fund (Unaudited)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Media — 6.89% | |||
AMC Networks 4.25% 2/15/29 | 670,000 | $662,473 | |
Beasley Mezzanine Holdings 144A 8.625% 2/1/26 # | 840,000 | 855,217 | |
CCO Holdings | |||
144A 4.50% 8/15/30 # | 1,875,000 | 1,909,950 | |
144A 4.50% 5/1/32 # | 210,000 | 212,363 | |
144A 5.375% 6/1/29 # | 720,000 | 782,647 | |
Clear Channel Outdoor Holdings 144A 7.75% 4/15/28 # | 480,000 | 494,894 | |
Clear Channel Worldwide Holdings 9.25% 2/15/24 | 558,000 | 583,520 | |
CSC Holdings | |||
144A 4.625% 12/1/30 # | 1,075,000 | 1,052,156 | |
144A 5.00% 11/15/31 # | 795,000 | 798,478 | |
144A 5.75% 1/15/30 # | 780,000 | 830,213 | |
Cumulus Media New Holdings 144A 6.75% 7/1/26 # | 786,000 | 806,998 | |
Gray Television 144A 7.00% 5/15/27 # | 830,000 | 907,609 | |
News 144A 3.875% 5/15/29 # | 290,000 | 296,078 | |
Nexstar Broadcasting 144A 4.75% 11/1/28 # | 610,000 | 622,200 | |
Terrier Media Buyer 144A 8.875% 12/15/27 # | 1,145,000 | 1,245,187 | |
12,059,983 | |||
Real Estate — 0.78% | |||
Global Net Lease 144A 3.75% 12/15/27 # | 187,000 | 185,298 | |
Iron Mountain 144A 5.25% 7/15/30 # | 480,000 | 499,224 | |
MGM Growth Properties Operating Partnership 144A 3.875% 2/15/29 # | 670,000 | 679,189 | |
1,363,711 | |||
Services — 5.15% | |||
BCPE Ulysses Intermediate 144A PIK 7.75% 4/1/27 #, « | 475,000 | 490,188 | |
Gartner 144A 4.50% 7/1/28 # | 700,000 | 736,764 | |
H&E Equipment Services 144A 3.875% 12/15/28 # | 490,000 | 478,975 | |
LBM Acquisition 144A 6.25% 1/15/29 # | 320,000 | 328,938 | |
Legends Hospitality Holding 144A 5.00% 2/1/26 # | 520,000 | 537,550 | |
Prime Security Services Borrower | |||
144A 5.75% 4/15/26 # | 945,000 | 1,034,851 | |
144A 6.25% 1/15/28 # | 1,150,000 | 1,203,383 | |
Rent-A-Center 144A 6.375% 2/15/29 # | 800,000 | 868,600 | |
Sabre GLBL | |||
144A 7.375% 9/1/25 # | 600,000 | 654,150 | |
144A 9.25% 4/15/25 # | 515,000 | 616,069 | |
United Rentals North America 3.875% 2/15/31 | 780,000 | 785,951 |
6 NQ-137 [4/21] 6/21 (1676439)
(Unaudited)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Services (continued) | |||
White Cap Buyer 144A 6.875% 10/15/28 # | 1,205,000 | $1,280,324 | |
9,015,743 | |||
Technology & Electronics — 4.82% | |||
Austin BidCo 144A 7.125% 12/15/28 # | 320,000 | 325,400 | |
Banff Merger Sub 144A 9.75% 9/1/26 # | 935,000 | 995,775 | |
Black Knight InfoServ 144A 3.625% 9/1/28 # | 725,000 | 710,217 | |
BY Crown Parent | |||
144A 4.25% 1/31/26 # | 750,000 | 786,754 | |
144A 7.375% 10/15/24 # | 1,537,000 | 1,574,572 | |
Go Daddy Operating 144A 3.50% 3/1/29 # | 865,000 | 843,436 | |
Microchip Technology 144A 4.25% 9/1/25 # | 815,000 | 856,065 | |
MSCI 144A 3.625% 11/1/31 # | 790,000 | 790,000 | |
Sensata Technologies 144A 4.00% 4/15/29 # | 950,000 | 957,077 | |
SS&C Technologies 144A 5.50% 9/30/27 # | 558,000 | 593,503 | |
8,432,799 | |||
Transportation — 3.05% | |||
Delta Air Lines 7.375% 1/15/26 | 1,485,000 | 1,745,434 | |
Stena International 144A 6.125% 2/1/25 # | 300,000 | 305,625 | |
United Airlines Holdings 4.875% 1/15/25 | 2,165,000 | 2,198,828 | |
VistaJet Malta Finance 144A 10.50% 6/1/24 # | 1,015,000 | 1,094,931 | |
5,344,818 | |||
Utilities — 1.55% | |||
Calpine | |||
144A 4.625% 2/1/29 # | 155,000 | 153,028 | |
144A 5.00% 2/1/31 # | 905,000 | 892,606 | |
Edison International 5.375% 3/15/26 μ, ψ | 800,000 | 829,656 | |
PG&E 5.25% 7/1/30 | 790,000 | 844,313 | |
2,719,603 | |||
Total Corporate Bonds (cost $145,738,959) | 152,351,026 | ||
Loan Agreements — 10.23% | |||
Applied Systems 2nd Lien 6.25% (LIBOR03M + 5.50%) 9/19/25 • | 2,631,272 | 2,666,631 | |
Apro 5.00% (LIBOR01M + 4.00%) 11/14/26 • | 611,909 | 613,057 | |
Blue Ribbon 1st Lien 5.00% (LIBOR03M + 3.00%) 11/15/21 • | 278,861 | 277,932 | |
Epicor Software 2nd Lien 8.75% (LIBOR01M + 7.75%) 7/31/28 • | 658,200 | 678,151 | |
Frontier Communications Tranche B 4.50% (LIBOR01M + 3.75%) 10/8/27 • | 345,000 | 343,706 |
NQ-137 [4/21] 6/21 (1676439) 7
Schedule of investments
Delaware High-Yield Opportunities
Fund (Unaudited)
Principal amount° | Value (US $) | ||
Loan Agreements (continued) | |||
Gainwell Acquisition Tranche B 4.75% (LIBOR03M + 4.00%) 10/1/27 • | 939,000 | $940,614 | |
Global Medical Response 5.75% (LIBOR03M + 4.75%) 10/2/25 • | 1,297,748 | 1,301,803 | |
Green Energy Partners Tranche B-1 6.50% (LIBOR03M + 5.50%) 11/13/21 • | 336,743 | 317,520 | |
Green Energy Partners Tranche B-2 6.50% (LIBOR03M + 5.50%) 11/13/21 • | 118,939 | 112,150 | |
Hamilton Projects Acquiror 5.75% (LIBOR03M + 4.75%) 6/17/27 • | 883,325 | 883,693 | |
Informatica 2nd Lien 7.125% 2/25/25 • | 945,000 | 967,444 | |
Peraton TBD 2/1/28 X | 570,714 | 571,130 | |
Peraton Tranche B 1st Lien 4.50% (LIBOR01M + 3.75%) 2/1/28 • | 324,286 | 324,523 | |
Schweitzer-Mauduit International Tranche B 4.50% (LIBOR03M + 3.75%) 1/27/28 • | 442,000 | 440,895 | |
Solenis International 2nd Lien 8.69% (LIBOR03M + 8.50%) 6/26/26 • | 1,363,647 | 1,366,487 | |
Surgery Center Holdings 4.25% (LIBOR01M + 3.25%) 9/2/24 • | 875,857 | 874,147 | |
Syncsort 1st Lien TBD 3/19/29 X | 380,000 | 378,100 | |
Tecta America 2nd Lien 9.25% (LIBOR03M + 8.50%) 4/6/29 • | 500,000 | 497,500 | |
Ultimate Software Group 2nd Lien 7.50% (LIBOR03M + 6.75%) 5/3/27 • | 1,630,000 | 1,681,617 | |
Vantage Specialty Chemicals 1st lien TBD 10/28/24 X | 270,000 | 261,900 | |
Vantage Specialty Chemicals 2nd Lien 9.25% (LIBOR03M + 8.25%) 10/27/25 • | 699,000 | 668,419 | |
Verscend Holding Tranche B 4.113% (LIBOR01M + 4.00%) 8/27/25 • | 1,749,547 | 1,755,926 | |
Total Loan Agreements (cost $17,723,849) | 17,923,345 |
Number of shares | |||
Common Stock — 0.00% | |||
Communications — 0.00% | |||
Century Communications =, † | 4,250,000 | 0 | |
Total Common Stock (cost $128,662) | 0 | ||
Short-Term Investments — 3.19% | |||
Money Market Mutual Funds — 3.19% | |||
BlackRock FedFund – Institutional Shares (seven-day effective yield 0.03%) | 1,395,794 | 1,395,794 |
8 NQ-137 [4/21] 6/21 (1676439)
(Unaudited)
Number of shares | Value (US $) | ||
Short-Term Investments (continued) | |||
Money Market Mutual Funds (continued) | |||
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 0.01%) | 1,395,794 | $1,395,794 | |
GS Financial Square Government Fund – Institutional Shares (seven-day effective yield 0.03%) | 1,395,794 | 1,395,794 | |
Morgan Stanley Government Portfolio – Institutional Share Class (seven-day effective yield 0.00%) | 1,395,794 | 1,395,794 | |
Total Short-Term Investments (cost $5,583,176) | 5,583,176 | ||
Total Value of Securities—100.41% (cost $169,174,646) | 175,857,547 | ||
Liabilities Net of Receivables and Other Assets—(0.41%) | (717,648) | ||
Net Assets Applicable to 45,101,302 Shares Outstanding—100.00% | $175,139,899 |
° | 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 April 30, 2021, the aggregate value of Rule 144A securities was $101,256,487, which represents 57.81% of the Fund's net assets. |
μ | Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at April 30, 2021. Rate will reset at a future date. |
ψ | Perpetual security. Maturity date represents next call date. |
> | PIK. 100% of the income received was in the form of cash. |
« | PIK. The first payment of cash and/or principal will be made on October 1, 2021. |
• | Variable rate investment. Rates reset periodically. Rate shown reflects the rate in effect at April 30, 2021. 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. |
X | This loan will settle after April 30, 2021, at which time the interest rate, based on the LIBOR and the agreed upon spread on trade date, will be reflected. |
= | The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security. |
NQ-137 [4/21] 6/21 (1676439) 9
Schedule of investments
Delaware High-Yield Opportunities
Fund (Unaudited)
† | Non-income producing security. |
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 |
MSCI – Morgan Stanley Capital International |
PIK – Payment-in-kind |
TBD – To be determined |
USD – US Dollar |
10 NQ-137 [4/21] 6/21 (1676439)