Schedule of investments
Delaware Tax–Free New Jersey Fund | March 31, 2022 (Unaudited) |
Principal amount° | Value (US $) | ||
Municipal Bonds — 98.54% | |||
Corporate Revenue Bond — 2.02% | |||
New Jersey Tobacco Settlement Financing | |||
(Subordinate) Series B 5.00% 6/1/46 | 500,000 | $ 540,050 | |
540,050 | |||
Education Revenue Bonds — 11.29% | |||
New Jersey Educational Facilities Authority Revenue | |||
(Montclair State University) | |||
Series A 5.00% 7/1/39 | 1,000,000 | 1,060,080 | |
Series D 5.00% 7/1/36 | 500,000 | 541,595 | |
(Princeton University) Series I 5.00% 7/1/32 | 500,000 | 571,095 | |
(Ramapo College) Series A 5.00% 7/1/35 (AGM) | 750,000 | 842,077 | |
3,014,847 | |||
Electric Revenue Bonds — 0.67% | |||
Puerto Rico Electric Power Authority Revenue | |||
Series A 6.75% 7/1/36 ‡ | 180,000 | 179,098 | |
179,098 | |||
Healthcare Revenue Bonds — 5.59% | |||
New Jersey Health Care Facilities Financing Authority Revenue | |||
(Hackensack Meridian Health Obligated Group) 5.00% 7/1/35 | 750,000 | 846,157 | |
(Princeton HeathCare System) Series A 5.00% 7/1/32 | 250,000 | 278,138 | |
(Valley Health System Obligated Group) 4.00% 7/1/44 | 250,000 | 268,195 | |
(Virtua Health) Series C 0.34% 7/1/43 | 100,000 | 100,000 | |
1,492,490 | |||
Housing Revenue Bond — 1.36% | |||
New Jersey Housing & Mortgage Finance Agency | |||
(Single Family Housing) Series D 4.00% 4/1/25 (AMT) | 350,000 | 364,343 | |
364,343 | |||
Lease Revenue Bonds — 19.50% | |||
Garden State Preservation Trust | |||
Series A 5.75% 11/1/28 (AGM) | 1,000,000 | 1,146,590 |
NQ-FIC [3/22] 5/22 (2218005) 1
Schedule of investments
Delaware Tax–Free New Jersey Fund (Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Lease Revenue Bonds (continued) | |||
Hudson County Improvement Authority Revenue | |||
(Hudson County Lease Project) 5.375% 10/1/24 (AGM) | 1,000,000 | $ 1,082,500 | |
Mercer County Improvement Authority Revenue | |||
(Courthouse Annex Project) 5.00% 9/1/40 | 500,000 | 543,620 | |
New Jersey Economic Development Authority | |||
(Transit Transportation Project) | |||
Series A 4.00% 11/1/44 | 700,000 | 715,722 | |
Series A 5.00% 11/1/31 | 265,000 | 298,944 | |
New Jersey State Transportation Trust Fund Authority Revenue | |||
(Capital Appreciation-Transportation System) | |||
Series A 2.48% 12/15/37 ^ | 470,000 | 261,842 | |
Series A 3.114% 12/15/39 (BAM) ^ | 255,000 | 133,850 | |
(Transportation System) Series A 5.00% 12/15/23 | 250,000 | 261,692 | |
New Jersey Transportation Trust Fund Authority Revenue | |||
Series BB 4.00% 6/15/46 | 250,000 | 253,945 | |
Series BB 4.00% 6/15/50 | 500,000 | 507,245 | |
5,205,950 | |||
Local General Obligation Bonds — 19.00% | |||
Belleville Board of Education | |||
4.00% 9/1/37 (BAM) | 1,000,000 | 1,044,290 | |
Ewing Township Board of Education | |||
4.00% 7/15/36 | 1,000,000 | 1,084,200 | |
Hudson | |||
(Energy Savings Obligation) 4.00% 6/15/38 | 1,000,000 | 1,085,970 | |
Livingston Township School District | |||
5.00% 7/15/37 | 750,000 | 813,413 | |
Monmouth County | |||
(General Improvement) Series A 5.00% 1/15/33 | 500,000 | 611,145 | |
Township of Montclair | |||
(Parking Utility Refunding Bonds) Series A 5.00% 1/1/37 | 415,000 | 435,700 | |
5,074,718 |
2 NQ-FIC [3/22] 5/22 (2218005)
(Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Pre-Refunded Bonds — 6.06% | |||
Bayonne | |||
(School Refunding Bonds) 5.00% 7/1/39-26 (BAM) § | 500,000 | $ 560,150 | |
Bergen County Improvement Authority Revenue | |||
(Guaranteed Governmental Pooled Loan) Series B 5.00% 2/15/39-24 § | 1,000,000 | 1,058,190 | |
1,618,340 | |||
Resource Recovery Revenue Bond — 0.89% | |||
Union County, New Jersey Improvement Authority | |||
(Aries Linden, LLC Project) 144A 6.75% 12/1/41 (AMT) # | 250,000 | 237,728 | |
237,728 | |||
Special Tax Revenue Bonds — 19.61% | |||
Burlington County Bridge Commission | |||
(Governmental Loan Program) 4.00% 8/1/35 | 465,000 | 506,199 | |
Camden County, New Jersey Improvement Authority Revenue | |||
(County Capital Program) Series A 5.00% 1/15/40 | 750,000 | 801,195 | |
Essex County, New Jersey Improvement Authority Revenue | |||
5.50% 10/1/27 (NATL) | 1,000,000 | 1,180,450 | |
GDB Debt Recovery Authority of Puerto Rico (Taxable) | |||
7.50% 8/20/40 | 791,221 | 743,748 | |
Hudson County Improvement Authority Revenue | |||
(Guttenberg General Obligation Bond Project) 5.00% 8/1/42 | 500,000 | 539,140 | |
Puerto Rico Sales Tax Financing Revenue | |||
(Capital Appreciation - Restructured) Series A-1 5.216% 7/1/51 ^ | 275,000 | 61,223 | |
(Restructured) | |||
Series A-1 4.75% 7/1/53 | 970,000 | 1,020,120 | |
Series A-1 5.00% 7/1/58 | 360,000 | 383,648 | |
5,235,723 | |||
State General Obligation Bonds — 5.62% | |||
Commonwealth of Puerto Rico | |||
0.01% 11/1/51 | 843,744 | 408,161 | |
Series C 2.646% 11/1/43 | 269,441 | 145,161 | |
(Custodial Reciepts) Series A 144A 5.50% 6/1/22 # | 55,000 | 56,031 |
NQ-FIC [3/22] 5/22 (2218005) 3
Schedule of investments
Delaware Tax–Free New Jersey Fund (Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
State General Obligation Bonds (continued) | |||
Commonwealth of Puerto Rico | |||
(Restructured) | |||
Series A1 2.993% 7/1/24 ^ | 26,916 | $ 24,577 | |
Series A1 4.00% 7/1/33 | 52,329 | 51,221 | |
Series A1 4.00% 7/1/35 | 47,039 | 45,531 | |
Series A1 4.00% 7/1/37 | 40,370 | 38,892 | |
Series A1 4.00% 7/1/41 | 54,889 | 52,330 | |
Series A1 4.00% 7/1/46 | 57,085 | 53,943 | |
Series A1 4.43% 7/1/33 ^ | 67,345 | 38,997 | |
Series A1 5.25% 7/1/23 | 58,445 | 59,885 | |
Series A1 5.375% 7/1/25 | 58,282 | 61,545 | |
Series A1 5.625% 7/1/27 | 57,755 | 63,148 | |
Series A1 5.625% 7/1/29 | 56,817 | 63,476 | |
Series A1 5.75% 7/1/31 | 55,187 | 62,995 | |
State of New Jersey | |||
(Covid-19 General Obligation) Series A 4.00% 6/1/32 | 250,000 | 273,885 | |
1,499,778 | |||
Transportation Revenue Bonds — 6.93% | |||
Delaware River Port Authority Revenue | |||
5.00% 1/1/30 | 400,000 | 420,724 | |
New Jersey Turnpike Authority Revenue | |||
Series A 5.00% 1/1/48 | 500,000 | 566,985 | |
Series B 5.00% 1/1/30 | 255,000 | 291,100 | |
South Jersey Port Corporation | |||
(Subordinated Marine Terminal) Series B 5.00% 1/1/48 (AMT) | 535,000 | 571,407 | |
1,850,216 | |||
Total Municipal Bonds (cost $25,507,796) | 26,313,281 | ||
4 NQ-FIC [3/22] 5/22 (2218005)
(Unaudited)
Principal amount° | Value (US $) | ||
Short-Term Investments — 1.31% | |||
Variable Rate Demand Note — 1.31%¤ | |||
New Jersey Health Care Facilities Financing Authority Revenue | |||
(Virtua Health) Series B 0.33% 7/1/43 (LOC – JPMorgan Chase Bank N.A.) | 350,000 | $ 350,000 | |
Total Short-Term Investments (cost $350,000) | 350,000 | ||
Total Value of Securities—99.85% (cost $25,857,796) | 26,663,281 | ||
Receivables and Other Assets Net of Liabilities—0.15% | 39,021 | ||
Net Assets Applicable to 2,225,171 Shares Outstanding—100.00% | $26,702,302 |
° | Principal amount shown is stated in USD unless noted that the security is denominated in another currency. |
‡ | 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. |
# | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At March 31, 2022, the aggregate value of Rule 144A securities was $293,759, which represents 1.10% of the Fund's net assets. |
¤ | 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 March 31, 2022. |
Summary of abbreviations: |
AGM – Insured by Assured Guaranty Municipal Corporation |
AMT – Subject to Alternative Minimum Tax |
BAM – Insured by Build America Mutual Assurance |
BB – Barclays Bank |
LLC – Limited Liability Corporation |
LOC – Letter of Credit |
N.A. – National Association |
NATL – Insured by National Public Finance Guarantee Corporation |
NQ-FIC [3/22] 5/22 (2218005) 5
Schedule of investments
Delaware Tax–Free New Jersey Fund (Unaudited)
Summary of abbreviations: (continued) |
USD – US Dollar |
6 NQ-FIC [3/22] 5/22 (2218005)