Schedule of investments
Delaware Tax–Free Oregon Fund | September 30, 2021 (Unaudited) |
Principal amount° | Value (US $) | ||
Municipal Bonds — 98.61% | |||
Education Revenue Bonds — 8.36% | |||
Oregon Health & Science University Revenue | |||
Series A 4.00% 7/1/44 | 600,000 | $ 691,404 | |
Oregon State Facilities Authority Revenue | |||
(Metro East Web Academy Project) Series A 144A 5.00% 6/15/49 # | 1,000,000 | 1,078,100 | |
(Willamette University Projects) Series A 4.00% 10/1/51 | 500,000 | 562,895 | |
University of Oregon General Revenue | |||
Series A 5.00% 4/1/45 | 1,000,000 | 1,131,000 | |
3,463,399 | |||
Electric Revenue Bonds — 2.75% | |||
Puerto Rico Electric Power Authority Revenue | |||
Series A 6.75% 7/1/36 ‡ | 240,000 | 241,500 | |
Series TT 5.00% 7/1/32 ‡ | 380,000 | 372,400 | |
Series XX 5.25% 7/1/40 ‡ | 535,000 | 526,306 | |
1,140,206 | |||
Healthcare Revenue Bonds — 13.97% | |||
Clackamas County Hospital Facility Authority | |||
(Rose Villa Project) Series A 5.375% 11/15/55 | 500,000 | 552,615 | |
Hospital Facilities Authority of Multnomah County, Oregon | |||
(Mirabella At South Waterfront Project) Series A 5.40% 10/1/44 | 900,000 | 968,580 | |
Oregon State Facilities Authority Revenue | |||
(Providence Health & Services) Series C 5.00% 10/1/45 | 1,650,000 | 1,894,299 | |
(Samaritan Health Services Project) Series A 5.00% 10/1/40 | 750,000 | 924,262 | |
Salem, Oregon Hospital Facility Authority Revenue | |||
(Multi Model - Salem Health Project) Series A 4.00% 5/15/49 | 500,000 | 569,030 | |
Yamhill County Oregon Hospital Authority Revenue | |||
(Friendsview) Series A 5.00% 11/15/51 | 750,000 | 874,193 | |
5,782,979 | |||
Housing Revenue Bonds — 3.96% | |||
Home Forward Multifamily Housing Revenue | |||
(Gretchen Kafoury Commons) 5.00% 1/1/29 | 565,000 | 608,002 |
NQ-FIE [9/21] 11/21 (1918196) 1
Schedule of investments
Delaware Tax–Free Oregon Fund (Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Housing Revenue Bonds (continued) | |||
Oregon State Housing & Community Services Department Mortgage Revenue | |||
(Single-Family Mortgage Program) Series A 4.00% 7/1/50 | 935,000 | $ 1,030,520 | |
1,638,522 | |||
Local General Obligation Bonds — 27.87% | |||
Boardman, Oregon | |||
2.125% 6/15/45 (BAM) | 500,000 | 470,855 | |
Central Oregon Community College | |||
5.00% 6/15/30 | 500,000 | 501,150 | |
Clackamas County School District No. 12 North Clackamas | |||
Series B 5.00% 6/15/37 | 1,500,000 | 1,810,335 | |
Columbia County School District No. 502 | |||
5.00% 6/15/36 | 575,000 | 691,857 | |
Linn County Community School District No. 9 Lebanon | |||
5.50% 6/15/27 (NATL) | 1,000,000 | 1,261,200 | |
Marion County School District No. 103 Woodburn | |||
5.00% 6/1/30 | 300,000 | 382,737 | |
5.00% 6/15/35 | 500,000 | 578,590 | |
Newport, Oregon | |||
Series B 0.00% 6/1/29 (AGC) ^ | 1,225,000 | 1,104,326 | |
Portland, Oregon Revenue | |||
(Portland Building Project) Series B 5.00% 6/15/34 | 1,000,000 | 1,252,290 | |
Redmond, Oregon | |||
Series B-1 5.00% 6/1/38 | 1,000,000 | 1,241,960 | |
Salem-Keizer School District No. 24J | |||
5.00% 6/15/33 | 1,000,000 | 1,251,940 | |
Washington County Oregon School District No. 15 Forest Grove | |||
Series B 0.00% 6/15/23 ^ | 1,000,000 | 993,070 | |
11,540,310 | |||
Pre-Refunded Bonds — 15.69% | |||
Eugene Oregon Electric Utility System Revenue | |||
5.00% 8/1/38-22 § | 2,000,000 | 2,080,440 | |
Oregon Health & Science University Revenue | |||
Series E 5.00% 7/1/32-22 § | 1,475,000 | 1,528,336 | |
Tigard, Oregon Water Revenue | |||
5.00% 8/1/31-22 § | 1,695,000 | 1,763,173 |
2 NQ-FIE [9/21] 11/21 (1918196)
(Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Pre-Refunded Bonds (continued) | |||
Umatilla County Oregon School District No. 16R Pendleton | |||
Series A 5.00% 6/15/33-24 § | 1,000,000 | $ 1,127,020 | |
6,498,969 | |||
Special Tax Revenue Bonds — 12.88% | |||
GDB Debt Recovery Authority of Puerto Rico (Taxable) | |||
7.50% 8/20/40 | 668,384 | 629,116 | |
Oregon State Department Administrative Services Lottery Revenue | |||
Series A 5.00% 4/1/35 | 1,000,000 | 1,147,110 | |
Puerto Rico Commonwealth Infrastructure Financing Authority Special Tax Revenue | |||
Series B 5.00% 7/1/16 ‡ | 240,000 | 110,700 | |
Series B 5.00% 7/1/41 ‡ | 1,250,000 | 579,687 | |
Puerto Rico Sales Tax Financing Revenue | |||
(Restructured) | |||
Series A-1 4.75% 7/1/53 | 1,770,000 | 1,984,931 | |
Series A-1 4.903% 7/1/51 ^ | 420,000 | 100,359 | |
Series A-2 4.329% 7/1/40 | 550,000 | 611,276 | |
Virgin Islands Public Finance Authority Revenue | |||
(Virgin Islands Matching Fund Loan Note) | |||
Series A 4.00% 10/1/22 | 70,000 | 69,490 | |
Series A 5.00% 10/1/29 | 100,000 | 100,234 | |
5,332,903 | |||
State General Obligation Bonds — 6.21% | |||
Commonwealth of Puerto Rico | |||
(Public Improvement) | |||
Series A 5.00% 7/1/24 ‡ | 95,000 | 92,031 | |
Series A 5.00% 7/1/41 ‡ | 140,000 | 122,850 | |
Series A 5.25% 7/1/34 ‡ | 240,000 | 234,600 | |
Series A 5.375% 7/1/33 ‡ | 140,000 | 135,100 | |
Series A 8.00% 7/1/35 ‡ | 360,000 | 311,400 | |
Series B 5.00% 7/1/35 ‡ | 65,000 | 63,050 | |
Series B 5.75% 7/1/38 ‡ | 200,000 | 190,500 | |
Series C 6.00% 7/1/39 ‡ | 180,000 | 173,250 | |
Oregon State | |||
(Article XI-Q State Projects) Series A 5.00% 5/1/44 | 1,000,000 | 1,247,560 | |
2,570,341 | |||
Transportation Revenue Bonds — 5.57% | |||
Port Authority of Guam Revenue | |||
Series A 5.00% 7/1/48 | 375,000 | 435,330 |
NQ-FIE [9/21] 11/21 (1918196) 3
Schedule of investments
Delaware Tax–Free Oregon Fund (Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Transportation Revenue Bonds (continued) | |||
Port of Portland Oregon Airport Revenue | |||
5.00% 7/1/42 (AMT) | 1,100,000 | $ 1,290,421 | |
(Portland International Airport) 5.00% 7/1/31 | 500,000 | 580,405 | |
2,306,156 | |||
Water & Sewer Revenue Bonds — 1.35% | |||
Hermiston, Oregon Water & Sewer System Revenue | |||
5.00% 11/1/34 (AGM) | 500,000 | 560,745 | |
560,745 | |||
Total Municipal Bonds (cost $37,412,787) | 40,834,530 | ||
Short-Term Investments — 0.36% | |||
Variable Rate Demand Note — 0.36%¤ | |||
Oregon State Facilities Authority Revenue | |||
(PeaceHealth) Series B 0.07% 8/1/34 (LOC - TD Bank N.A.) | 150,000 | 150,000 | |
Total Short-Term Investments (cost $150,000) | 150,000 | ||
Total Value of Securities—98.97% (cost $37,562,787) | 40,984,530 | ||
Receivables and Other Assets Net of Liabilities—1.03% | 425,017 | ||
Net Assets Applicable to 3,024,209 Shares Outstanding—100.00% | $41,409,547 |
° | 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 September 30, 2021, the aggregate value of Rule 144A securities was $1,078,100, which represents 2.60% of the Fund's net assets. |
‡ | Non-income producing security. Security is currently in default. |
^ | Zero-coupon security. The rate shown is the effective yield at the time of purchase. |
§ | Pre-refunded bonds. Municipal bonds that are generally backed or secured by US Treasury bonds. For pre-refunded bonds, the stated maturity is followed by the year in which the bond will be pre-refunded. |
¤ | Tax-exempt obligations that contain a floating or variable interest rate adjustment formula and an unconditional right of demand to receive payment of the unpaid principal balance plus accrued interest upon a short notice period (generally up to 30 days) prior to specified dates either from the issuer or by drawing on a bank letter of credit, a guarantee, or insurance issued with respect to such instrument. Each rate shown is as of September 30, 2021. |
4 NQ-FIE [9/21] 11/21 (1918196)
(Unaudited)
Summary of abbreviations: |
AGC – Insured by Assured Guaranty Corporation |
AGM – Insured by Assured Guaranty Municipal Corporation |
AMT – Subject to Alternative Minimum Tax |
BAM – Insured by Build America Mutual Assurance |
LOC – Letter of Credit |
N.A. – National Association |
NATL – Insured by National Public Finance Guarantee Corporation |
USD – US Dollar |
NQ-FIE [9/21] 11/21 (1918196) 5