Schedule of investments
Delaware Corporate Bond Fund | April 30, 2021 (Unaudited) |
Principal amount° | Value (US $) | ||
Convertible Bond — 0.31% | |||
Cheniere Energy PIK 144A 4.875% exercise price $93.64, maturity date 5/28/21 #, >> | 3,746,157 | $3,776,595 | |
Total Convertible Bond (cost $3,777,394) | 3,776,595 | ||
Corporate Bonds — 95.13% | |||
Banking — 24.30% | |||
Ally Financial | |||
1.45% 10/2/23 | 1,870,000 | 1,900,609 | |
4.70% 5/15/26 μ, ψ | 7,505,000 | 7,626,581 | |
5.75% 11/20/25 | 8,120,000 | 9,312,110 | |
8.00% 11/1/31 | 1,840,000 | 2,590,165 | |
Banco Santander | |||
1.849% 3/25/26 | 1,800,000 | 1,816,065 | |
2.749% 12/3/30 | 5,800,000 | 5,639,455 | |
Bank of America | |||
1.734% 7/22/27 μ | 1,760,000 | 1,777,226 | |
2.676% 6/19/41 μ | 19,310,000 | 18,168,402 | |
2.687% 4/22/32 μ | 1,865,000 | 1,888,974 | |
3.311% 4/22/42 μ | 1,490,000 | 1,522,451 | |
Bank of New York Mellon 4.70% 9/20/25 μ, ψ | 7,215,000 | 7,972,575 | |
Barclays | |||
2.667% 3/10/32 μ | 3,105,000 | 3,067,310 | |
5.20% 5/12/26 | 12,817,000 | 14,575,428 | |
BBVA USA 3.875% 4/10/25 | 8,205,000 | 8,980,904 | |
BNP Paribas | |||
144A 1.323% 1/13/27 #, μ | 9,375,000 | 9,239,802 | |
144A 4.625% 2/25/31 #, μ, ψ | 4,730,000 | 4,812,775 | |
Citigroup 4.00% 12/10/25 μ, ψ | 11,625,000 | 11,802,862 | |
Credit Agricole 144A 2.811% 1/11/41 # | 6,005,000 | 5,483,115 | |
Credit Suisse Group | |||
144A 2.593% 9/11/25 #, μ | 3,830,000 | 3,986,228 | |
144A 4.50% 9/3/30 #, μ, ψ | 2,420,000 | 2,317,150 | |
144A 5.10% 1/24/30 #, μ, ψ | 4,295,000 | 4,305,738 | |
144A 5.25% 2/11/27 #, μ, ψ | 2,580,000 | 2,686,425 | |
144A 6.375% 8/21/26 #, μ, ψ | 3,600,000 | 3,917,358 | |
Deutsche Bank | |||
2.222% 9/18/24 μ | 3,540,000 | 3,634,314 | |
3.547% 9/18/31 μ | 1,490,000 | 1,561,500 | |
3.729% 1/14/32 μ | 10,005,000 | 9,925,855 | |
Goldman Sachs Group | |||
2.615% 4/22/32 μ | 5,035,000 | 5,063,988 | |
3.50% 4/1/25 | 14,070,000 | 15,310,493 | |
NQ-460 [4/21] 6/21 (1676461) 1
Schedule of investments
Delaware Corporate Bond Fund (Unaudited)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Banking (continued) | |||
HSBC Holdings 4.60% 12/17/30 μ, ψ | 4,315,000 | $4,390,513 | |
JPMorgan Chase & Co. | |||
1.04% 2/4/27 μ | 2,105,000 | 2,066,171 | |
2.58% 4/22/32 μ | 6,185,000 | 6,215,483 | |
3.328% 4/22/52 μ | 6,185,000 | 6,197,853 | |
Morgan Stanley | |||
1.593% 5/4/27 μ | 1,705,000 | 1,713,980 | |
1.794% 2/13/32 μ | 16,410,000 | 15,444,294 | |
3.217% 4/22/42 μ | 2,595,000 | 2,633,352 | |
5.00% 11/24/25 | 3,375,000 | 3,891,353 | |
Natwest Group | |||
2.359% 5/22/24 μ | 2,945,000 | 3,041,711 | |
3.754% 11/1/29 μ | 3,245,000 | 3,457,645 | |
8.625% 8/15/21 μ, ψ | 3,555,000 | 3,632,926 | |
PNC Bank 4.05% 7/26/28 | 3,035,000 | 3,449,219 | |
Popular 6.125% 9/14/23 | 5,020,000 | 5,422,127 | |
Regions Financial 3.80% 8/14/23 | 3,335,000 | 3,577,381 | |
SVB Financial Group | |||
1.80% 2/2/31 | 4,495,000 | 4,186,862 | |
4.10% 2/15/31 μ, ψ | 10,420,000 | 10,504,663 | |
Truist Bank 2.636% 9/17/29 μ | 12,015,000 | 12,655,640 | |
Truist Financial 4.95% 9/1/25 μ, ψ | 6,825,000 | 7,524,563 | |
UBS 7.625% 8/17/22 | 3,430,000 | 3,729,745 | |
UBS Group | |||
144A 4.375% 2/10/31 #, μ, ψ | 3,665,000 | 3,660,455 | |
7.125% 8/10/21 μ, ψ | 860,000 | 873,997 | |
US Bancorp 3.00% 7/30/29 | 12,710,000 | 13,503,898 | |
Wells Fargo & Co. 3.90% 3/15/26 μ, ψ | 8,380,000 | 8,572,950 | |
301,232,639 | |||
Basic Industry — 3.63% | |||
DuPont de Nemours 2.169% 5/1/23 | 3,895,000 | 3,910,453 | |
Georgia-Pacific | |||
144A 2.10% 4/30/27 # | 2,025,000 | 2,078,432 | |
8.00% 1/15/24 | 4,345,000 | 5,201,376 | |
Graphic Packaging International 144A 3.50% 3/1/29 # | 2,530,000 | 2,510,709 | |
LYB International Finance III 3.375% 10/1/40 | 6,225,000 | 6,284,009 | |
LyondellBasell Industries 4.625% 2/26/55 | 4,975,000 | 5,725,407 | |
Newmont | |||
2.25% 10/1/30 | 3,555,000 | 3,488,381 | |
2.80% 10/1/29 | 8,145,000 | 8,427,970 |
2 NQ-460 [4/21] 6/21 (1676461)
(Unaudited)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Basic Industry (continued) | |||
Steel Dynamics | |||
1.65% 10/15/27 | 2,060,000 | $2,036,287 | |
2.40% 6/15/25 | 1,115,000 | 1,167,373 | |
Suzano Austria 3.75% 1/15/31 | 4,055,000 | 4,156,821 | |
44,987,218 | |||
Brokerage — 1.60% | |||
Charles Schwab | |||
4.00% 6/1/26 μ, ψ | 2,845,000 | 2,930,521 | |
5.375% 6/1/25 μ, ψ | 3,280,000 | 3,655,232 | |
Jefferies Group | |||
2.75% 10/15/32 | 2,255,000 | 2,229,577 | |
4.15% 1/23/30 | 1,725,000 | 1,912,434 | |
6.45% 6/8/27 | 5,627,000 | 7,005,022 | |
6.50% 1/20/43 | 1,575,000 | 2,137,570 | |
19,870,356 | |||
Capital Goods — 3.56% | |||
Ardagh Metal Packaging Finance USA 144A 4.00% 9/1/29 # | 2,945,000 | 2,935,841 | |
Ball 2.875% 8/15/30 | 4,205,000 | 4,066,487 | |
Berry Global | |||
144A 0.95% 2/15/24 # | 2,910,000 | 2,906,246 | |
144A 4.875% 7/15/26 # | 1,295,000 | 1,373,089 | |
CANPACK 144A 3.125% 11/1/25 # | 945,000 | 960,947 | |
CCL Industries 144A 3.05% 6/1/30 # | 2,220,000 | 2,279,455 | |
Reynolds Group Issuer 144A 4.00% 10/15/27 # | 2,750,000 | 2,722,583 | |
Siemens Financieringsmaatschappij 144A 2.875% 3/11/41 # | 8,349,000 | 8,271,436 | |
Teledyne Technologies | |||
0.95% 4/1/24 | 1,865,000 | 1,865,715 | |
2.25% 4/1/28 | 8,680,000 | 8,728,537 | |
2.75% 4/1/31 | 4,970,000 | 5,019,884 | |
Waste Management 2.00% 6/1/29 | 3,015,000 | 3,019,954 | |
44,150,174 | |||
Communications — 13.00% | |||
Altice France | |||
144A 5.125% 1/15/29 # | 2,970,000 | 2,985,058 | |
144A 5.125% 7/15/29 # | 2,200,000 | 2,205,500 | |
AMC Networks 4.75% 8/1/25 | 2,450,000 | 2,528,020 |
NQ-460 [4/21] 6/21 (1676461) 3
Schedule of investments
Delaware Corporate Bond Fund (Unaudited)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Communications (continued) | |||
AT&T | |||
1.70% 3/25/26 | 4,520,000 | $4,542,032 | |
3.10% 2/1/43 | 6,179,000 | 5,724,886 | |
Charter Communications Operating 3.70% 4/1/51 | 4,115,000 | 3,879,858 | |
Comcast 3.20% 7/15/36 | 10,856,000 | 11,413,285 | |
Crown Castle International 1.05% 7/15/26 | 12,765,000 | 12,456,392 | |
CSC Holdings | |||
144A 4.125% 12/1/30 # | 4,320,000 | 4,303,800 | |
144A 4.50% 11/15/31 # | 2,730,000 | 2,736,825 | |
Discovery Communications 144A 4.00% 9/15/55 # | 8,928,000 | 8,750,077 | |
Level 3 Financing | |||
144A 3.625% 1/15/29 # | 1,420,000 | 1,377,400 | |
144A 3.75% 7/15/29 # | 3,905,000 | 3,812,256 | |
144A 4.25% 7/1/28 # | 3,075,000 | 3,102,244 | |
NTT Finance 144A 1.162% 4/3/26 # | 7,570,000 | 7,507,699 | |
Sprint Spectrum | |||
144A 3.36% 3/20/23 # | 484,375 | 488,160 | |
144A 4.738% 9/20/29 # | 4,195,000 | 4,504,381 | |
Time Warner Cable 7.30% 7/1/38 | 5,490,000 | 7,806,903 | |
Time Warner Entertainment 8.375% 3/15/23 | 4,965,000 | 5,669,984 | |
T-Mobile USA | |||
144A 2.55% 2/15/31 # | 6,695,000 | 6,594,709 | |
144A 3.00% 2/15/41 # | 6,365,000 | 5,961,268 | |
3.375% 4/15/29 | 6,575,000 | 6,691,739 | |
Verizon Communications | |||
2.55% 3/21/31 | 3,125,000 | 3,135,079 | |
3.40% 3/22/41 | 8,425,000 | 8,643,029 | |
4.50% 8/10/33 | 8,330,000 | 9,829,492 | |
ViacomCBS | |||
4.375% 3/15/43 | 8,560,000 | 9,280,650 | |
4.95% 1/15/31 | 415,000 | 488,375 | |
Virgin Media Secured Finance 144A 5.50% 5/15/29 # | 5,760,000 | 6,166,082 | |
Vodafone Group | |||
4.25% 9/17/50 | 3,870,000 | 4,312,168 | |
4.875% 6/19/49 | 3,540,000 | 4,302,756 | |
161,200,107 | |||
Consumer Cyclical — 3.63% | |||
Alibaba Group Holding 2.70% 2/9/41 | 2,275,000 | 2,121,807 | |
Best Buy 1.95% 10/1/30 | 6,155,000 | 5,888,546 |
4 NQ-460 [4/21] 6/21 (1676461)
(Unaudited)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Consumer Cyclical (continued) | |||
Ford Motor 8.50% 4/21/23 | 4,315,000 | $4,838,194 | |
Ford Motor Credit 2.90% 2/16/28 | 3,570,000 | 3,503,437 | |
General Motors | |||
5.40% 10/2/23 | 1,895,000 | 2,097,212 | |
6.125% 10/1/25 | 1,895,000 | 2,250,261 | |
6.25% 10/2/43 | 7,325,000 | 9,649,541 | |
6.60% 4/1/36 | 3,051,000 | 4,076,410 | |
General Motors Financial 5.70% 9/30/30 μ, ψ | 5,745,000 | 6,434,400 | |
Levi Strauss & Co. 144A 3.50% 3/1/31 # | 2,394,000 | 2,391,187 | |
Prime Security Services Borrower 144A 3.375% 8/31/27 # | 1,780,000 | 1,722,150 | |
44,973,145 | |||
Consumer Non-Cyclical — 9.44% | |||
AbbVie 2.95% 11/21/26 | 3,995,000 | 4,281,734 | |
Anheuser-Busch InBev Worldwide | |||
4.15% 1/23/25 | 1,170,000 | 1,305,578 | |
4.50% 6/1/50 | 13,625,000 | 15,646,871 | |
BAT Capital 2.259% 3/25/28 | 2,495,000 | 2,448,836 | |
BAT International Finance 1.668% 3/25/26 | 3,120,000 | 3,106,810 | |
Biogen 3.15% 5/1/50 | 9,865,000 | 9,015,482 | |
Bunge Limited Finance 1.63% 8/17/25 | 8,865,000 | 8,977,559 | |
Conagra Brands 1.375% 11/1/27 | 5,615,000 | 5,469,543 | |
CVS Health | |||
2.70% 8/21/40 | 2,005,000 | 1,852,487 | |
4.25% 4/1/50 | 2,105,000 | 2,373,371 | |
4.78% 3/25/38 | 5,870,000 | 7,027,727 | |
Energizer Holdings 144A 4.375% 3/31/29 # | 2,416,000 | 2,401,045 | |
Gilead Sciences 2.80% 10/1/50 | 12,350,000 | 11,127,623 | |
Imperial Brands Finance 144A 3.50% 7/26/26 # | 4,400,000 | 4,704,920 | |
Perrigo Finance Unlimited 4.375% 3/15/26 | 6,135,000 | 6,714,454 | |
Pilgrim's Pride 144A 4.25% 4/15/31 # | 3,020,000 | 3,054,911 | |
Regeneron Pharmaceuticals 1.75% 9/15/30 | 2,410,000 | 2,247,267 | |
Royalty Pharma 144A 1.75% 9/2/27 # | 7,020,000 | 6,920,336 | |
Sodexo 144A 1.634% 4/16/26 # | 6,785,000 | 6,805,895 | |
Takeda Pharmaceutical | |||
3.025% 7/9/40 | 2,845,000 | 2,785,418 | |
3.175% 7/9/50 | 3,415,000 | 3,254,843 | |
Teleflex 144A 4.25% 6/1/28 # | 2,750,000 | 2,845,535 | |
Viatris 144A 4.00% 6/22/50 # | 2,680,000 | 2,669,158 | |
117,037,403 |
NQ-460 [4/21] 6/21 (1676461) 5
Schedule of investments
Delaware Corporate Bond Fund (Unaudited)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Electric — 9.49% | |||
Berkshire Hathaway Energy 2.85% 5/15/51 | 4,750,000 | $4,398,447 | |
CenterPoint Energy 3.85% 2/1/24 | 2,343,000 | 2,541,754 | |
CMS Energy 4.75% 6/1/50 μ | 6,635,000 | 7,298,500 | |
Dominion Energy 4.65% 12/15/24 μ, ψ | 6,010,000 | 6,408,283 | |
Duke Energy 4.875% 9/16/24 μ, ψ | 6,215,000 | 6,605,302 | |
Edison International | |||
3.125% 11/15/22 | 3,330,000 | 3,444,516 | |
5.375% 3/15/26 μ, ψ | 4,530,000 | 4,697,927 | |
Entergy Texas 3.55% 9/30/49 | 2,030,000 | 2,095,140 | |
Eversource Energy 1.65% 8/15/30 | 2,225,000 | 2,092,453 | |
FirstEnergy Transmission 144A 4.55% 4/1/49 # | 4,430,000 | 4,947,420 | |
IPALCO Enterprises | |||
3.70% 9/1/24 | 2,075,000 | 2,243,195 | |
144A 4.25% 5/1/30 # | 2,490,000 | 2,773,306 | |
Liberty Utilities Finance GP 1 144A 2.05% 9/15/30 # | 2,437,000 | 2,314,805 | |
Louisville Gas and Electric 4.25% 4/1/49 | 5,015,000 | 5,869,824 | |
Nevada Power Series EE 3.125% 8/1/50 | 2,895,000 | 2,876,460 | |
NRG Energy | |||
144A 2.45% 12/2/27 # | 2,035,000 | 2,042,859 | |
144A 3.375% 2/15/29 # | 1,780,000 | 1,746,500 | |
144A 3.625% 2/15/31 # | 1,430,000 | 1,402,828 | |
144A 3.75% 6/15/24 # | 1,985,000 | 2,129,357 | |
144A 4.45% 6/15/29 # | 3,180,000 | 3,488,574 | |
Oglethorpe Power 144A 3.75% 8/1/50 # | 4,210,000 | 4,273,196 | |
Pacific Gas and Electric | |||
2.10% 8/1/27 | 6,070,000 | 5,925,972 | |
2.50% 2/1/31 | 2,105,000 | 1,984,281 | |
3.25% 6/1/31 | 1,260,000 | 1,247,511 | |
3.30% 8/1/40 | 895,000 | 798,244 | |
4.60% 6/15/43 | 3,790,000 | 3,824,648 | |
4.95% 7/1/50 | 1,820,000 | 1,861,090 | |
San Diego Gas & Electric 3.32% 4/15/50 | 2,015,000 | 2,068,616 | |
Southern 4.00% 1/15/51 μ | 5,875,000 | 6,286,250 | |
Southern California Edison | |||
3.65% 2/1/50 | 2,555,000 | 2,565,087 | |
4.875% 3/1/49 | 2,555,000 | 3,034,050 | |
6.00% 1/15/34 | 1,415,000 | 1,865,407 |
6 NQ-460 [4/21] 6/21 (1676461)
(Unaudited)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Electric (continued) | |||
Vistra Operations | |||
144A 3.55% 7/15/24 # | 4,271,000 | $4,434,179 | |
144A 3.70% 1/30/27 # | 2,779,000 | 2,882,905 | |
144A 4.30% 7/15/29 # | 2,975,000 | 3,132,194 | |
117,601,080 | |||
Energy — 9.32% | |||
BP Capital Markets 4.875% 3/22/30 μ, ψ | 4,315,000 | 4,642,940 | |
BP Capital Markets America 2.939% 6/4/51 | 8,595,000 | 7,828,207 | |
Cheniere Corpus Christi Holdings 7.00% 6/30/24 | 5,215,000 | 6,008,858 | |
Continental Resources 4.375% 1/15/28 | 2,380,000 | 2,593,712 | |
Devon Energy 5.85% 12/15/25 | 2,124,000 | 2,496,849 | |
Diamondback Energy 3.125% 3/24/31 | 6,155,000 | 6,221,995 | |
Enbridge 5.75% 7/15/80 μ | 3,755,000 | 4,150,439 | |
Energy Transfer | |||
6.25% 4/15/49 | 3,590,000 | 4,316,621 | |
7.125% 5/15/30 μ, ψ | 4,575,000 | 4,677,938 | |
Enterprise Products Operating 3.20% 2/15/52 | 13,900,000 | 12,831,629 | |
EQM Midstream Partners 144A 4.75% 1/15/31 # | 3,130,000 | 3,102,440 | |
Galaxy Pipeline Assets Bidco 144A 2.94% 9/30/40 # | 3,560,000 | 3,490,503 | |
Kinder Morgan | |||
3.25% 8/1/50 | 7,060,000 | 6,453,746 | |
3.60% 2/15/51 | 3,635,000 | 3,491,051 | |
Marathon Oil 4.40% 7/15/27 | 8,995,000 | 10,042,518 | |
MPLX 4.125% 3/1/27 | 7,365,000 | 8,205,423 | |
NuStar Logistics 5.625% 4/28/27 | 2,585,000 | 2,725,559 | |
ONEOK 7.50% 9/1/23 | 4,985,000 | 5,672,565 | |
Sabine Pass Liquefaction | |||
5.75% 5/15/24 | 5,514,000 | 6,228,025 | |
5.875% 6/30/26 | 2,100,000 | 2,487,877 | |
Targa Resources Partners | |||
144A 4.00% 1/15/32 # | 2,705,000 | 2,661,044 | |
144A 4.875% 2/1/31 # | 2,370,000 | 2,480,501 | |
5.50% 3/1/30 | 265,000 | 287,226 | |
WPX Energy 5.25% 9/15/24 | 2,221,000 | 2,465,932 | |
115,563,598 | |||
Finance Companies — 4.09% | |||
AerCap Holdings 5.875% 10/10/79 μ | 605,000 | 632,406 |
NQ-460 [4/21] 6/21 (1676461) 7
Schedule of investments
Delaware Corporate Bond Fund (Unaudited)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Finance Companies (continued) | |||
AerCap Ireland Capital DAC | |||
1.75% 1/30/26 | 4,990,000 | $4,895,895 | |
3.65% 7/21/27 | 1,630,000 | 1,733,359 | |
4.125% 7/3/23 | 2,325,000 | 2,471,995 | |
4.50% 9/15/23 | 1,885,000 | 2,030,758 | |
4.625% 10/15/27 | 2,190,000 | 2,441,717 | |
6.50% 7/15/25 | 1,715,000 | 2,019,200 | |
Air Lease 2.875% 1/15/26 | 8,233,000 | 8,579,832 | |
Aviation Capital Group | |||
144A 1.95% 1/30/26 # | 7,894,000 | 7,743,893 | |
144A 5.50% 12/15/24 # | 6,835,000 | 7,685,235 | |
Avolon Holdings Funding | |||
144A 2.75% 2/21/28 # | 5,780,000 | 5,627,915 | |
144A 4.25% 4/15/26 # | 2,855,000 | 3,047,193 | |
DAE Sukuk DIFC 144A 3.75% 2/15/26 # | 1,765,000 | 1,837,683 | |
50,747,081 | |||
Insurance — 2.42% | |||
Athene Holding 3.50% 1/15/31 | 3,150,000 | 3,311,343 | |
Brighthouse Financial 4.70% 6/22/47 | 2,527,000 | 2,634,946 | |
Brown & Brown 2.375% 3/15/31 | 6,735,000 | 6,535,167 | |
Centene | |||
3.375% 2/15/30 | 3,160,000 | 3,175,816 | |
4.625% 12/15/29 | 2,035,000 | 2,205,625 | |
Equitable Holdings 4.95% 9/15/25 μ, ψ | 2,310,000 | 2,491,913 | |
MetLife 3.85% 9/15/25 μ, ψ | 1,460,000 | 1,540,300 | |
Prudential Financial 3.70% 10/1/50 μ | 7,845,000 | 8,109,769 | |
30,004,879 | |||
Natural Gas — 0.27% | |||
Sempra Energy 4.875% 10/15/25 μ, ψ | 3,035,000 | 3,327,695 | |
3,327,695 | |||
Real Estate Investment Trusts — 1.01% | |||
Corporate Office Properties 2.75% 4/15/31 | 4,515,000 | 4,462,121 | |
Global Net Lease 144A 3.75% 12/15/27 # | 1,365,000 | 1,352,575 | |
Life Storage 4.00% 6/15/29 | 945,000 | 1,036,851 | |
LifeStorage 3.50% 7/1/26 | 2,745,000 | 2,995,509 | |
MPT Operating Partnership 3.50% 3/15/31 | 2,620,000 | 2,617,747 | |
12,464,803 | |||
Technology — 7.05% | |||
Alphabet 2.05% 8/15/50 | 11,260,000 | 9,464,960 |
8 NQ-460 [4/21] 6/21 (1676461)
(Unaudited)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Technology (continued) | |||
Broadcom | |||
144A 3.469% 4/15/34 # | 2,905,000 | $2,940,053 | |
144A 3.50% 2/15/41 # | 4,645,000 | 4,490,632 | |
CoStar Group 144A 2.80% 7/15/30 # | 3,370,000 | 3,339,531 | |
Fidelity National Information Services | |||
1.65% 3/1/28 | 6,800,000 | 6,681,612 | |
3.10% 3/1/41 | 1,480,000 | 1,469,644 | |
Fiserv 3.20% 7/1/26 | 6,530,000 | 7,089,101 | |
Global Payments 2.65% 2/15/25 | 3,321,000 | 3,506,199 | |
Iron Mountain 144A 5.25% 7/15/30 # | 3,399,000 | 3,535,130 | |
KLA 3.30% 3/1/50 | 5,970,000 | 5,962,314 | |
Marvell Technology | |||
144A 1.65% 4/15/26 # | 4,460,000 | 4,449,395 | |
144A 2.45% 4/15/28 # | 2,380,000 | 2,396,336 | |
Microchip Technology 144A 0.972% 2/15/24 # | 4,405,000 | 4,401,093 | |
NCR 144A 5.125% 4/15/29 # | 2,980,000 | 3,069,400 | |
NXP | |||
144A 2.70% 5/1/25 # | 505,000 | 534,106 | |
144A 4.30% 6/18/29 # | 1,104,000 | 1,251,796 | |
144A 4.875% 3/1/24 # | 7,660,000 | 8,504,229 | |
144A 5.55% 12/1/28 # | 1,230,000 | 1,495,346 | |
Oracle | |||
2.875% 3/25/31 | 3,025,000 | 3,077,888 | |
3.65% 3/25/41 | 3,805,000 | 3,893,480 | |
PayPal Holdings | |||
1.65% 6/1/25 | 3,420,000 | 3,518,257 | |
2.65% 10/1/26 | 2,210,000 | 2,357,598 | |
87,428,100 | |||
Transportation — 2.17% | |||
DAE Funding 144A 3.375% 3/20/28 # | 905,000 | 905,667 | |
Delta Air Lines | |||
144A 7.00% 5/1/25 # | 7,959,000 | 9,259,808 | |
7.375% 1/15/26 | 2,660,000 | 3,126,501 | |
Mileage Plus Holdings 144A 6.50% 6/20/27 # | 3,430,000 | 3,768,712 | |
Southwest Airlines 5.125% 6/15/27 | 4,738,000 | 5,545,951 | |
United Airlines | |||
144A 4.375% 4/15/26 # | 1,115,000 | 1,158,452 | |
144A 4.625% 4/15/29 # | 1,115,000 | 1,160,102 | |
United Airlines 2019-1 Class AA Pass Through Trust Series 2019-1 AA 4.15% 2/25/33 ♦ | 1,870,531 | 2,008,226 | |
26,933,419 |
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Schedule of investments
Delaware Corporate Bond Fund (Unaudited)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Utilities — 0.15% | |||
Essential Utilities | |||
3.351% 4/15/50 | 1,765,000 | $1,749,447 | |
4.276% 5/1/49 | 80,000 | 92,063 | |
1,841,510 | |||
Total Corporate Bonds (cost $1,160,865,496) | 1,179,363,207 | ||
Loan Agreements — 2.01% | |||
AmWINS Group 3.00% (LIBOR01M + 2.25%) 2/19/28 • | 2,413,950 | 2,392,613 | |
Applied Systems 1st Lien TBD 9/19/24 X | 2,500,000 | 2,533,595 | |
Energizer Holdings 2.75% (LIBOR01M + 2.25%) 12/22/27 • | 2,523,675 | 2,517,997 | |
Ensemble RCM 3.936% (LIBOR03M + 3.75%) 8/3/26 • | 2,508,633 | 2,507,288 | |
Gates Global Tranche B-3 3.50% (LIBOR01M + 2.75%) 3/31/27 • | 2,523,675 | 2,518,812 | |
Horizon Therapeutics USA Tranche B-2 2.50% (LIBOR01M + 2.00%) 3/15/28 • | 2,430,000 | 2,424,431 | |
Informatica 3.363% (LIBOR01M + 3.25%) 2/25/27 • | 2,521,428 | 2,501,730 | |
Prime Security Services Borrower Tranche B-1 3.50% (LIBOR01M + 2.75%) 9/23/26 • | 2,520,000 | 2,518,740 | |
RealPage 1st Lien 3.75% (LIBOR01M + 3.25%) 4/24/28 • | 2,540,000 | 2,531,887 | |
Reynolds Group Holdings Tranche B-2 3.363% (LIBOR01M + 3.25%) 2/5/26 • | 2,518,687 | 2,500,059 | |
Total Loan Agreements (cost $25,050,500) | 24,947,152 |
Number of shares | |||
Convertible Preferred Stock — 0.33% | |||
El Paso Energy Capital Trust I 4.75% exercise price $34.49, maturity date 3/31/28 | 22,731 | 1,133,595 | |
Lyondellbasell Advanced Polymers 6.00% exercise price $52.33 ** | 2,808 | 2,977,884 | |
Total Convertible Preferred Stock (cost $4,053,106) | 4,111,479 | ||
Short-Term Investments — 2.15% | |||
Money Market Mutual Funds — 2.15% | |||
BlackRock FedFund – Institutional Shares (seven-day effective yield 0.03%) | 6,682,817 | 6,682,817 |
10 NQ-460 [4/21] 6/21 (1676461)
(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%) | 6,682,817 | $6,682,817 | |
GS Financial Square Government Fund – Institutional Shares (seven-day effective yield 0.03%) | 6,682,816 | 6,682,816 | |
Morgan Stanley Government Portfolio – Institutional Share Class (seven-day effective yield 0.00%) | 6,682,816 | 6,682,816 | |
Total Short-Term Investments (cost $26,731,266) | 26,731,266 | ||
Total Value of Securities—99.93% (cost $1,220,477,762) | 1,238,929,699 | ||
Receivables and Other Assets Net of Liabilities—0.07% | 827,283 | ||
Net Assets Applicable to 196,850,675 Shares Outstanding—100.00% | $1,239,756,982 |
° | 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 $295,491,868, which represents 23.83% of the Fund's net assets. |
>> | PIK. 100% of the income received was in the form of principal. |
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. |
♦ | Pass Through Agreement. Security represents the contractual right to receive a proportionate amount of underlying payments due to the counterparty pursuant to various agreements related to the rescheduling of obligations and the exchange of certain notes. |
• | 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. |
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Schedule of investments
Delaware Corporate Bond Fund (Unaudited)
** | Perpetual security with no stated maturity date. |
Summary of abbreviations: |
DAC – Designated Activity Company |
DIFC – Dubai International Financial Centre |
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 |
TBD – To be determined |
USD – US Dollar |
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