Schedule of investments
Delaware Tax-Free USA Intermediate Fund | November 30, 2022 (Unaudited) |
Principal amount° | Value (US $) | ||
Municipal Bonds — 96.32% | |||
Corporate Revenue Bonds — 12.98% | |||
Arizona Industrial Development Authority Revenue | |||
(Legacy Cares, Inc. Project) Series A 144A 7.75% 7/1/50 # | 5,520,000 | $ 3,864,000 | |
Buckeye, Tobacco Settlement Financing Authority | |||
(Senior) | |||
Series A-2 3.00% 6/1/48 | 7,060,000 | 5,063,150 | |
Series A-2 4.00% 6/1/48 | 1,700,000 | 1,481,193 | |
California Community Choice Financing Authority | |||
(Clean Energy Project) Series B-1 4.00% 2/1/52 | 1,910,000 | 1,885,743 | |
California Pollution Control Financing Authority Revenue | |||
(Calplant I Project) 144A 8.00% 7/1/39 (AMT) #, ‡ | 1,250,000 | 625,000 | |
(LP Desalination Project) 144A 5.00% 7/1/37 (AMT) # | 3,700,000 | 3,628,553 | |
Central Plains, Nebraska Energy Project | |||
(Project No. 3) | |||
Series A 5.00% 9/1/35 | 1,250,000 | 1,308,950 | |
Series A 5.00% 9/1/42 | 250,000 | 258,933 | |
Chandler, Arizona Industrial Development Authority Revenue | |||
(Intel Corporation Project) | |||
2.70% 12/1/37 (AMT) • | 2,700,000 | 2,683,746 | |
5.00% 9/1/42 • | 5,000,000 | 5,178,200 | |
Commonwealth of Pennsylvania Financing Authority | |||
(Tobacco Master Settlement Payment) 5.00% 6/1/27 | 2,000,000 | 2,162,040 | |
Erie, New York Tobacco Asset Securitization | |||
(Asset-Backed) Series A 144A 0.459% 6/1/60 #, ^ | 38,675,000 | 2,116,683 | |
Florida Development Finance Corporation Surface Transportation Facility Revenue | |||
(Brightline Passenger Rail Project) Series B 144A 7.375% 1/1/49 (AMT) # | 5,435,000 | 4,846,498 | |
(Virgin Trains USA Passenger Rail Project) Series A 144A 6.50% 1/1/49 (AMT) #, • | 1,710,000 | 1,539,530 | |
George L Smith II Congress Center Authority | |||
Series A 4.00% 1/1/54 | 2,210,000 | 1,798,830 | |
Series B 144A 5.00% 1/1/36 # | 1,000,000 | 935,910 |
NQ-037 [11/22] 01/23 (2679874) 1
Schedule of investments
Delaware Tax-Free USA Intermediate Fund (Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Corporate Revenue Bonds (continued) | |||
Houston, Texas Airport System Revenue | |||
(United Airlines Inc.) 5.00% 7/1/29 (AMT) | 3,370,000 | $ 3,376,942 | |
Inland, California Empire Tobacco Securitization | |||
(Capital Appreciation-Asset-Backed) | |||
Series E 144A 1.33% 6/1/57 #, ^ | 62,600,000 | 3,429,228 | |
Series F 144A 0.396% 6/1/57 #, ^ | 74,090,000 | 3,405,176 | |
Iowa Finance Authority Midwestern Disaster Area Revenue | |||
(Iowa Fertilizer Company Project) 5.00% 12/1/50 | 4,135,000 | 3,920,394 | |
Iowa Tobacco Settlement Authority Revenue | |||
Series A-2 4.00% 6/1/38 | 300,000 | 276,459 | |
Series A-2 4.00% 6/1/39 | 600,000 | 546,240 | |
Series A-2 4.00% 6/1/40 | 300,000 | 270,381 | |
Jefferson County, Texas Industrial Development | |||
(TRP Crude Marketing LLC Project) 144A 7.75% 4/1/39 # | 1,275,000 | 1,067,545 | |
Kentucky Public Energy Authority | |||
(Gas Supply Revenue) Series C-1 4.00% 12/1/49 • | 5,000,000 | 4,970,600 | |
Lower Alabama Gas District | |||
Series A 5.00% 9/1/34 | 4,850,000 | 5,092,936 | |
Maine Finance Authority Revenue | |||
(Go Lab Madison Project, Green Bonds) 144A 8.00% 12/1/51 (AMT) # | 3,490,000 | 2,400,387 | |
Michigan Finance Authority | |||
Series A Class 1 4.00% 6/1/49 | 2,000,000 | 1,656,880 | |
New Jersey Economic Development Authority Special Facilities Revenue | |||
(Continental Airlines Project) Series B 5.625% 11/15/30 (AMT) | 1,890,000 | 1,901,926 | |
New Jersey Tobacco Settlement Financing | |||
Subordinate Series B 5.00% 6/1/46 | 1,965,000 | 1,901,688 | |
New York Counties Tobacco Trust V | |||
(Capital Appreciation - Pass Through) Series 4B 144A 0.587% 6/1/60 #, ^ | 20,000,000 | 682,400 | |
New York Liberty Development Revenue | |||
(Goldman Sachs Headquarters) 5.25% 10/1/35 | 3,540,000 | 3,889,044 |
2 NQ-037 [11/22] 01/23 (2679874)
(Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Corporate Revenue Bonds (continued) | |||
New York Transportation Development Corporation Special Facilities Revenue | |||
Series B 6.50% 11/1/39 | 580,000 | $ 703,720 | |
(American Airlines, Inc. - John F. Kennedy International Airport Project) | |||
3.00% 8/1/31 (AMT) | 5,230,000 | 4,678,810 | |
5.00% 12/1/37 (AMT) | 1,000,000 | 1,005,260 | |
(Delta AirLines - LaGuardia Airport Terminals C&D Redevelopment Project) 5.00% 1/1/36 (AMT) | 3,000,000 | 3,015,060 | |
(Delta Airlines, Inc. - LaGuardia Airport Terminals C&D Redevelopment Project) 5.00% 1/1/34 (AMT) | 4,210,000 | 4,248,058 | |
Public Authority for Colorado Energy Natural Gas Revenue | |||
6.50% 11/15/38 | 3,000,000 | 3,612,450 | |
Public Finance Authority, Wisconsin | |||
(Senior Lien - Grand Hyatt San Antonio Hotel Acquisition Project) | |||
Series A 5.00% 2/1/52 | 3,020,000 | 2,807,634 | |
Series A 5.00% 2/1/62 | 1,375,000 | 1,251,456 | |
Salt Verde, Arizona Financial Corporation Senior Gas Revenue | |||
5.00% 12/1/37 | 8,000,000 | 8,280,000 | |
5.25% 12/1/24 | 3,050,000 | 3,129,056 | |
South Carolina Jobs - Economic Development Authority Educational Facilities Revenue | |||
(AAC East LLC Project - Green Bonds) Series A 144A 7.00% 5/1/39 (AMT) # | 1,500,000 | 1,150,380 | |
(Jasper Pellets, LLC Project - Green Bonds) Series A 144A 7.00% 11/1/38 (AMT) #, ‡ | 1,250,000 | 1,187,500 | |
Southeast Energy Authority, A Cooperative District | |||
(Project No.3) Series A-1 5.50% 1/1/53 | 5,500,000 | 5,848,480 | |
St. John Baptist Parish, Louisiana | |||
(Marathon Oil Corporation project) Subseries A-2 2.10% 6/1/37 • | 2,250,000 | 2,176,425 | |
St. Paul Port Authority Solid Waste Disposal Revenue | |||
(Gerdau St. Paul Steel Mill Project) Series 7 144A 4.50% 10/1/37 (AMT) # | 2,000,000 | 1,878,240 | |
Tennessee Energy Acquisition Commodity Project Revenue | |||
Series A 5.00% 5/1/52 | 1,300,000 | 1,340,924 |
NQ-037 [11/22] 01/23 (2679874) 3
Schedule of investments
Delaware Tax-Free USA Intermediate Fund (Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Corporate Revenue Bonds (continued) | |||
Tobacco Securitization Authority of Southern California | |||
(Capital Appreciation-2nd Subordinate Lien) Capital Appreciation Second Subordinate Series C 1.99% 6/1/46 ^ | 9,655,000 | $ 1,490,925 | |
(Capital Appreciation-3rd Subordinate Lien) Capital Appreciation Third Subordinate Series D 2.609% 6/1/46 ^ | 1,630,000 | 196,920 | |
TSASC, New York | |||
Series A 5.00% 6/1/30 | 475,000 | 491,801 | |
Series A 5.00% 6/1/31 | 475,000 | 491,601 | |
Tuscaloosa County, Alabama Industrial Development Authority | |||
(Hunt Refining Project) Series A 144A 5.25% 5/1/44 # | 2,945,000 | 2,445,410 | |
Virginia Tobacco Settlement Financing Corporation | |||
(Capital Appreciation Asset-Backed) | |||
Series B 5.20% 6/1/46 | 1,250,000 | 1,215,312 | |
Series C 10.791% 6/1/47 ^ | 53,800,000 | 12,915,766 | |
Series D 2.466% 6/1/47 ^ | 8,185,000 | 1,900,557 | |
145,626,930 | |||
Education Revenue Bonds — 6.14% | |||
Arizona Industrial Development Authority Revenue | |||
(American Charter Schools Foundation Project) 144A 6.00% 7/1/37 # | 1,420,000 | 1,460,456 | |
(Empower College Prep Project) 144A 6.00% 7/1/49 # | 875,000 | 852,285 | |
(Macombs Facility Project) Series A 4.00% 7/1/61 | 2,000,000 | 1,507,540 | |
(Odyssey Preparatory Academy Project) Series A 144A 5.50% 7/1/52 # | 875,000 | 848,855 | |
Bucks County, Pennsylvania Industrial Development Authority Revenue | |||
(School Lane Charter School Project) 5.125% 3/15/36 | 2,000,000 | 2,058,120 | |
California Community College Financing Authority | |||
(Napa Valley College Project) Series A 144A 4.25% 7/1/32 # | 1,480,000 | 1,402,744 | |
California Educational Facilities Authority Revenue | |||
(Stanford University) | |||
Series T-1 5.00% 3/15/39 | 5,000,000 | 5,992,150 | |
Series V-1 5.00% 5/1/49 | 1,075,000 | 1,270,757 |
4 NQ-037 [11/22] 01/23 (2679874)
(Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Education Revenue Bonds (continued) | |||
California Municipal Finance Authority | |||
Series A 144A 5.50% 6/1/53 # | 1,000,000 | $ 961,460 | |
California School Finance Authority | |||
(Hawking Steam Charter School Project) Series A 144A 5.00% 7/1/42 # | 1,000,000 | 946,190 | |
(View Park Elementary & Middle Schools) Series A 4.75% 10/1/24 | 100,000 | 100,368 | |
California State University | |||
(Systemwide) Series A 5.00% 11/1/31 | 2,000,000 | 2,203,080 | |
California Statewide Communities Development Authority Revenue | |||
(California Baptist University) Series A 144A 6.125% 11/1/33 # | 2,215,000 | 2,255,313 | |
Capital Trust Agency, Florida Revenue | |||
(Liza Jackson Preparatory School Project) | |||
Series A 5.00% 8/1/40 | 300,000 | 303,402 | |
Series A 5.00% 8/1/55 | 800,000 | 782,864 | |
(University Bridge, LLC Student Housing Project) Series A 144A 5.25% 12/1/43 # | 2,000,000 | 1,867,420 | |
District of Columbia Revenue | |||
(KIPP DC Issue) | |||
4.00% 7/1/39 | 1,275,000 | 1,186,541 | |
4.00% 7/1/44 | 740,000 | 658,215 | |
Florida Development Finance Corp | |||
(Mater Academy Projects) | |||
Series A 5.00% 6/15/28 | 410,000 | 427,696 | |
Series A 5.00% 6/15/29 | 400,000 | 416,176 | |
Fulton County, Georgia Development Authority Revenue | |||
(Georgia Institute of Technology) 5.00% 6/15/44 | 3,100,000 | 3,350,728 | |
Idaho Housing & Finance Association | |||
(Alturas International Academy Project) 4.00% 5/1/52 | 1,400,000 | 1,197,826 | |
(Anser of Idaho Project) | |||
Series A 4.00% 5/1/28 | 230,000 | 234,269 | |
Series A 4.00% 5/1/30 | 250,000 | 254,400 | |
(Meridian South Charter School Project) 144A 4.00% 5/1/46 # | 710,000 | 512,797 | |
(Sage International School of Boise Project) | |||
Series A 4.00% 5/1/35 | 450,000 | 446,306 |
NQ-037 [11/22] 01/23 (2679874) 5
Schedule of investments
Delaware Tax-Free USA Intermediate Fund (Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Education Revenue Bonds (continued) | |||
Idaho Housing & Finance Association | |||
(Sage International School of Boise Project) | |||
Series A 4.00% 5/1/40 | 1,330,000 | $ 1,273,488 | |
Series A 4.00% 5/1/55 | 1,540,000 | 1,374,250 | |
Illinois Finance Authority | |||
(University of Illinois at Chicago) | |||
Series A 5.00% 2/15/26 | 400,000 | 400,320 | |
Series A 5.00% 2/15/28 | 260,000 | 258,687 | |
Series A 5.00% 2/15/30 | 390,000 | 384,641 | |
Series A 5.00% 2/15/32 | 265,000 | 258,118 | |
Maricopa County, Arizona Industrial Development Authority Revenue | |||
(Arizona Autism Charter Schools Project) | |||
Series A 144A 5.00% 7/1/40 # | 250,000 | 234,675 | |
Series A 144A 5.00% 7/1/50 # | 175,000 | 156,945 | |
(Highland Prep Project) | |||
Series A 4.00% 7/1/38 | 460,000 | 438,375 | |
Series A 4.00% 7/1/40 | 500,000 | 466,935 | |
Series A 4.00% 7/1/46 | 740,000 | 660,021 | |
Massachusetts School Building Authority | |||
Series C 5.00% 8/15/37 | 2,500,000 | 2,617,975 | |
Miami-Dade County, Florida Educational Facilities Authority | |||
(University of Miami) | |||
Series A 5.00% 4/1/30 | 520,000 | 539,115 | |
Series A 5.00% 4/1/31 | 1,090,000 | 1,129,545 | |
New York State Dormitory Authority Revenue | |||
(New York University) Series A 5.75% 7/1/27 (NATL) | 7,530,000 | 8,120,804 | |
Newark, Texas Higher Education Finance | |||
(Village Tech Schools) Series A 5.125% 8/15/47 | 1,250,000 | 1,089,625 | |
Oregon State Facilities Authority Revenue | |||
(Metro East Web Academy Project) Series A 144A 5.00% 6/15/49 # | 1,000,000 | 845,860 | |
Phoenix, Arizona Industrial Development Authority Housing Revenue | |||
(Downtown Phoenix Student Housing, LLC-Arizona State University Project) | |||
Series A 5.00% 7/1/30 | 350,000 | 361,676 | |
Series A 5.00% 7/1/32 | 235,000 | 241,199 |
6 NQ-037 [11/22] 01/23 (2679874)
(Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Education Revenue Bonds (continued) | |||
Public Finance Authority | |||
(CFP3 – Eastern Michigan University Student Housing Project) Series A-1 5.25% 7/1/42 | 3,000,000 | $ 3,161,670 | |
South Carolina Jobs - Economic Development Authority Educational Facilities Revenue | |||
(High Point Academy Project) Series A 144A 5.75% 6/15/39 # | 1,345,000 | 1,366,211 | |
University of Minnesota | |||
Series A 5.00% 4/1/34 | 1,855,000 | 1,962,998 | |
University of Texas Permanent University Fund | |||
Series B 5.00% 7/1/27-24 | 3,715,000 | 3,854,350 | |
Westchester County Local Development | |||
Series A 5.00% 5/1/34 | 4,150,000 | 4,168,883 | |
68,864,324 | |||
Electric Revenue Bonds — 6.24% | |||
American Municipal Power Inc | |||
(AMP Fremont Energy Center Project) Series A 4.00% 2/15/37 | 1,330,000 | 1,309,664 | |
California Community Choice Financing Authority | |||
Series A-1 4.00% 5/1/53 | 3,000,000 | 3,000,540 | |
Guam Power Authority Revenue | |||
Series A 5.00% 10/1/32 | 4,000,000 | 4,272,480 | |
Series A 5.00% 10/1/33 | 2,915,000 | 3,088,238 | |
Long Island, New York Power Authority | |||
5.00% 9/1/33 | 250,000 | 270,493 | |
5.00% 9/1/35 | 1,000,000 | 1,072,320 | |
Missouri Joint Municipal Electric Utility Commission | |||
(Green Bonds - Climate Bond Certified) | |||
5.25% 12/1/38 | 350,000 | 383,331 | |
5.25% 12/1/39 | 500,000 | 547,525 | |
5.25% 12/1/40 | 500,000 | 544,620 | |
5.25% 12/1/41 | 650,000 | 705,107 | |
5.25% 12/1/42 | 1,000,000 | 1,082,510 | |
M-S-R Energy Authority | |||
Series B 7.00% 11/1/34 | 2,905,000 | 3,594,676 | |
Municipal Electric Authority of Georgia | |||
(Plant Vogtle Units 3&4 Project) Series A 5.00% 1/1/39 | 6,250,000 | 6,407,875 |
NQ-037 [11/22] 01/23 (2679874) 7
Schedule of investments
Delaware Tax-Free USA Intermediate Fund (Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Electric Revenue Bonds (continued) | |||
New York State Utility Debt Securitization Authority | |||
(Restructuring Bonds) 5.00% 12/15/33 | 1,500,000 | $ 1,594,275 | |
Puerto Rico Electric Power Authority Revenue | |||
Series CCC 5.25% 7/1/27 ‡ | 1,520,000 | 1,128,600 | |
Series TT 5.00% 7/1/32 ‡ | 1,555,000 | 1,150,700 | |
Series WW 5.25% 7/1/33 ‡ | 1,015,000 | 753,638 | |
Series WW 5.50% 7/1/17 ‡ | 2,200,000 | 1,630,750 | |
Series WW 5.50% 7/1/19 ‡ | 1,710,000 | 1,267,537 | |
Series WW 5.50% 7/1/38 ‡ | 1,925,000 | 1,436,531 | |
Series XX 5.25% 7/1/40 ‡ | 4,630,000 | 3,437,775 | |
Series ZZ 5.00% 7/1/19 ‡ | 2,990,000 | 2,197,650 | |
Salt River, Arizona Project Agricultural Improvement & Power District Electric Systems Revenue | |||
Series A 5.00% 12/1/35 | 4,000,000 | 4,188,040 | |
Series A 5.00% 1/1/38 | 5,000,000 | 5,324,900 | |
South Carolina Public Service Authority | |||
Series E 5.25% 12/1/37 | 3,000,000 | 3,298,020 | |
Series E 5.25% 12/1/38 | 1,615,000 | 1,763,257 | |
Tennergy Corporation Gas Supply Revenue | |||
Series A 4.00% 12/1/51 | 4,100,000 | 4,019,394 | |
Utility Debt Securitization Authority Restructuring Bonds | |||
5.00% 12/15/36 | 10,000,000 | 10,524,200 | |
69,994,646 | |||
Healthcare Revenue Bonds — 7.52% | |||
Apple Valley, Minnesota | |||
(Senior Living, LLC Project 2nd Tier) Series B 5.25% 1/1/37 | 915,000 | 644,617 | |
Arizona Health Facilities Authority | |||
(Scottsdale Lincoln Hospital Project) 5.00% 12/1/30 | 5,000,000 | 5,125,800 | |
California Health Facilities Financing Authority | |||
(Children's Hospital of Orange County) Series A 2.125% 11/1/41 | 5,000,000 | 3,410,100 | |
(Kaiser Permanente) Series A-2 5.00% 11/1/47 | 4,600,000 | 5,235,766 | |
(Sutter Health) Series A 5.00% 11/15/38 | 760,000 | 803,601 | |
Colorado Health Facilities Authority Revenue | |||
(AdventHealth Obligated Group) Series A 4.00% 11/15/46 | 7,000,000 | 6,599,810 |
8 NQ-037 [11/22] 01/23 (2679874)
(Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Healthcare Revenue Bonds (continued) | |||
Colorado Health Facilities Authority Revenue | |||
(CommonSpirit Health) | |||
Series A-1 4.00% 8/1/37 | 1,000,000 | $ 933,150 | |
Series A-2 5.00% 8/1/37 | 1,105,000 | 1,147,222 | |
County of Hamilton, Ohio Hospital Facilities Revenue | |||
(Cincinnati Children's Hospital Medical Center) Series CC 5.00% 11/15/49 | 3,540,000 | 3,908,797 | |
Cuyahoga County, Ohio | |||
(The Metrohealth System) 5.00% 2/15/37 | 1,000,000 | 1,023,390 | |
Escambia County, Florida Health Facilities Authority Revenue | |||
(Baptist Helathcare Obliagted Group) | |||
Series A 4.00% 8/15/45 | 655,000 | 571,429 | |
Series A 4.00% 8/15/50 | 1,950,000 | 1,657,383 | |
Gainesville & Hall County, Georgia Hospital Authority Revenue | |||
(Northeast Georgia Health System Project) Series A 3.00% 2/15/51 | 515,000 | 355,093 | |
Glendale, Arizona Industrial Development Authority Revenue | |||
(Glencroft Retirement Community Project) 5.25% 11/15/46 | 875,000 | 634,296 | |
(Royal Oaks Inspirata Pointe Project) Series A 5.00% 5/15/41 | 500,000 | 471,230 | |
(Royal Oaks Life Care Community) | |||
4.00% 5/15/27 | 620,000 | 595,027 | |
4.00% 5/15/30 | 1,385,000 | 1,277,704 | |
(The Terraces of Phoenix Project) Series A 5.00% 7/1/48 | 875,000 | 719,845 | |
Henrico County, Virginia Economic Development Authority Residential Care Facility Revenue | |||
(Westminster Cantebury Richmond) Series A 5.00% 10/1/52 | 1,750,000 | 1,815,187 | |
(Westminster Canterbury Richmond) | |||
Series A 5.00% 10/1/42 | 650,000 | 687,772 | |
Series A 5.00% 10/1/47 | 525,000 | 549,533 | |
Illinois Finance Authority | |||
(NorthShore - Edward-Elmhurst Health Credit Group) Series A 5.00% 8/15/51 | 5,490,000 | 5,774,272 |
NQ-037 [11/22] 01/23 (2679874) 9
Schedule of investments
Delaware Tax-Free USA Intermediate Fund (Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Healthcare Revenue Bonds (continued) | |||
Illinois Finance Authority Revenue | |||
(The Admiral at the Lake Project) 5.50% 5/15/54 | 875,000 | $ 630,831 | |
Iowa Finance Authority Senior Housing Revenue | |||
(PHS Council Bluffs, Inc. Project) 5.00% 8/1/33 | 500,000 | 451,470 | |
Kalispell, Montana Housing and Healthcare Facilities Revenue | |||
(Immanuel Lutheran Corporation Project) Series A 5.25% 5/15/29 | 630,000 | 610,231 | |
Lancaster County, Pennsylvania Hospital Authority | |||
(University of Pennsylvania Health System Obligation) Series A 5.00% 8/15/33 | 2,430,000 | 2,591,595 | |
Maricopa County, Arizona Industrial Development Authority Revenue | |||
(Banner Health Obligation Group) Series A 5.00% 1/1/32 | 3,000,000 | 3,212,160 | |
(Christian Care Surprise, Inc. Project) 144A 5.75% 1/1/36 # | 1,540,000 | 1,199,152 | |
Maryland Health & Higher Educational Facilities Authority Revenue | |||
(Adventist Healthcare Obligated) Series A 5.50% 1/1/36 | 2,000,000 | 2,097,920 | |
Michigan Finance Authority | |||
4.00% 12/1/40 | 2,185,000 | 2,143,660 | |
Monroe County, New York Industrial Development Revenue | |||
(Rochester Regional Health Project) | |||
Series D 3.00% 12/1/40 | 1,000,000 | 713,690 | |
Series D 4.00% 12/1/38 | 200,000 | 183,508 | |
Moon, Pennsylvania Industrial Development Authority | |||
(Baptist Homes Society Obligation) 5.625% 7/1/30 | 2,440,000 | 2,279,033 | |
National Finance Authority Revenue, New Hampshire | |||
(Springpoint Senior Living Project) 4.00% 1/1/51 | 1,330,000 | 1,052,655 | |
(The Vista Project) Series A 144A 5.25% 7/1/39 # | 1,000,000 | 914,970 | |
New Hope, Texas Cultural Education Facilities Finance | |||
(Sanctuary LTC Project) Series A-1 5.50% 1/1/57 | 1,615,000 | 1,254,532 |
10 NQ-037 [11/22] 01/23 (2679874)
(Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Healthcare Revenue Bonds (continued) | |||
New York State Dormitory Authority Revenue | |||
(Orange Regional Medical Center) | |||
144A 5.00% 12/1/31 # | 1,000,000 | $ 1,019,910 | |
144A 5.00% 12/1/32 # | 1,800,000 | 1,819,116 | |
144A 5.00% 12/1/33 # | 1,000,000 | 1,009,410 | |
Ohio State | |||
(Cleveland Clinic Health System Obligated Group) Series A 4.00% 1/1/39 | 1,500,000 | 1,508,700 | |
Oklahoma Development Finance Authority Health System Revenue | |||
Series B 5.25% 8/15/48 | 2,000,000 | 1,784,180 | |
(OU Medicine Project) Series B 5.25% 8/15/43 | 1,000,000 | 919,570 | |
Pennsylvania Economic Development Financing Authority First Mortgage Revenue | |||
(Tapestry Moon Senior Housing Project) | |||
Series A 144A 6.50% 12/1/38 #, ‡ | 1,000,000 | 380,000 | |
Series A 144A 6.75% 12/1/53 #, ‡ | 875,000 | 332,500 | |
Prince George's County, Maryland | |||
(Collington Episcopal Life Care Community) 5.00% 4/1/30 | 2,880,000 | 2,743,747 | |
Salem, Oregon Hospital Facility Authority Revenue | |||
(Capital Manor Project) 4.00% 5/15/40 | 1,450,000 | 1,197,932 | |
Seminole County, Florida Industrial Development Authority | |||
(Legacy Pointe at UCF Project) | |||
Series A 5.25% 11/15/39 | 5,340,000 | 4,514,329 | |
Series B-1 4.25% 11/15/26 | 3,000,000 | 2,770,860 | |
Tempe, Arizona Industrial Development Authority | |||
(Mirabella at ASU Project) Series A 144A 6.00% 10/1/37 # | 1,200,000 | 1,097,448 | |
84,374,133 | |||
Housing Revenue Bonds — 0.43% | |||
North Carolina Housing Finance Agency Home Ownership Revenue | |||
4.875% 7/1/42 | 4,775,000 | 4,860,329 | |
4,860,329 |
NQ-037 [11/22] 01/23 (2679874) 11
Schedule of investments
Delaware Tax-Free USA Intermediate Fund (Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Lease Revenue Bonds — 7.91% | |||
California Statewide Communities Development Authority Revenue | |||
(Lancer Plaza Project) 5.125% 11/1/23 | 110,000 | $ 110,380 | |
Kansas City, Missouri Industrial Development Authority Revenue | |||
(Kansas City International Airport Terminal Modernization Project) Series B 5.00% 3/1/49 (AGM) (AMT) | 6,880,000 | 7,016,086 | |
Los Angeles County, California | |||
(Disney Concert Hall Parking) 5.00% 3/1/23 | 2,395,000 | 2,410,424 | |
Metropolitan Pier & Exposition Authority, Illinois | |||
(McCormick Place Expansion Project) | |||
Series A 3.192% 12/15/56 (BAM) ^ | 12,000,000 | 2,171,880 | |
Series A 4.00% 12/15/42 | 2,220,000 | 1,999,088 | |
Series A 4.00% 12/15/42 (BAM) | 2,520,000 | 2,316,157 | |
Series A 4.00% 12/15/47 | 11,560,000 | 10,042,866 | |
Series A 4.00% 6/15/50 (BAM) | 1,000,000 | 878,980 | |
Series A 4.00% 6/15/52 | 3,370,000 | 2,861,534 | |
Series A 4.00% 6/15/52 (BAM) | 1,415,000 | 1,234,135 | |
New Jersey Economic Development Authority | |||
(NJ Transit Transportation Project) | |||
Series A 4.00% 11/1/38 | 1,000,000 | 965,610 | |
Series A 4.00% 11/1/39 | 1,000,000 | 950,930 | |
(Portal North Bridge Project) | |||
Series A 5.00% 11/1/28 | 500,000 | 547,365 | |
Series A 5.00% 11/1/31 | 1,000,000 | 1,116,230 | |
New Jersey State Transportation Trust Fund Authority | |||
(Transportation Program Bonds) Series BB 4.00% 6/15/46 | 5,000,000 | 4,559,750 | |
(Transportation System Bonds) | |||
Series A 4.00% 6/15/35 | 1,810,000 | 1,791,719 | |
Series A 5.00% 12/15/25 | 5,000,000 | 5,284,400 | |
New Jersey Transportation Trust Fund Authority | |||
Series A 5.00% 6/15/29 | 1,500,000 | 1,581,060 | |
Series A 5.247% 12/15/38 ^ | 9,380,000 | 4,501,931 | |
Series CC 5.25% 6/15/39 | 2,000,000 | 2,152,914 | |
Series CC 5.25% 6/15/41 | 4,500,000 | 4,809,985 | |
(Transportation System) Series A 5.499% 12/15/39 ^ | 15,910,000 | 6,743,453 |
12 NQ-037 [11/22] 01/23 (2679874)
(Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Lease Revenue Bonds (continued) | |||
New York City, New York Transitional Finance Authority Building Aid Revenue | |||
Series S-1 5.00% 7/15/31 | 5,000,000 | $ 5,203,500 | |
New York Liberty Development | |||
(Port Authority Consolidated Bonds) Series 1WTC 2.75% 2/15/44 | 10,000,000 | 7,152,100 | |
New York Liberty Development Revenue | |||
(4 World Trade Center Project) Series A 3.00% 11/15/51 (BAM) | 1,000,000 | 736,970 | |
Virginia College Building Authority Educational Facilities Revenue | |||
(21st Century College And Equipment Programs) Series A 5.00% 2/1/29 | 4,000,000 | 4,521,320 | |
Virginia Public Building Public Facilities Authority Revenue | |||
Series A 4.00% 8/1/39 | 5,000,000 | 5,091,200 | |
88,751,967 | |||
Local General Obligation Bonds — 3.55% | |||
Chicago, Illinois | |||
Series A 5.25% 1/1/29 | 640,000 | 644,569 | |
Series A 5.50% 1/1/35 | 1,980,000 | 2,048,033 | |
Series C 5.00% 1/1/26 | 1,280,000 | 1,302,323 | |
Chicago, Illinois Board of Education | |||
5.00% 4/1/35 | 825,000 | 837,029 | |
5.00% 4/1/36 | 320,000 | 324,291 | |
(Dedicated Revenues) | |||
Series C 5.00% 12/1/34 | 2,160,000 | 2,150,172 | |
Series D 5.00% 12/1/31 | 2,160,000 | 2,176,416 | |
Howard Country, Maryland Consolidated Public Improvement Project | |||
Series A 4.00% 8/15/35 | 2,065,000 | 2,153,155 | |
Independent School District of Boise City, Ada & Boise Counties, Idaho | |||
Series 2019 5.00% 8/1/31 | 1,350,000 | 1,510,434 | |
Los Angeles Unified School District/CA | |||
Series QRR 5.00% 7/1/23 | 3,000,000 | 3,045,810 | |
MIDA Golf and Equestrian Center Public Infrastructure District, Utah | |||
144A 4.125% 6/1/36 # | 1,790,000 | 1,474,494 | |
144A 4.25% 6/1/41 # | 2,210,000 | 1,748,044 | |
New York City, New York | |||
Series A 4.00% 8/1/38 | 5,000,000 | 5,001,250 |
NQ-037 [11/22] 01/23 (2679874) 13
Schedule of investments
Delaware Tax-Free USA Intermediate Fund (Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Local General Obligation Bonds (continued) | |||
New York City, New York | |||
Series A 5.00% 8/1/47 | 3,500,000 | $ 3,743,810 | |
Series E 5.00% 8/1/23 | 3,685,000 | 3,745,508 | |
SubSeries B-1 5.00% 12/1/33 | 5,365,000 | 5,759,220 | |
San Francisco, California Bay Area Rapid Transit District | |||
(Election 2004) Series D 5.00% 8/1/31 | 2,000,000 | 2,124,760 | |
39,789,318 | |||
Pre-Refunded/Escrowed to Maturity Bonds — 3.85% | |||
Atlanta, Georgia Water & Wastewater Revenue | |||
5.00% 11/1/35-25 § | 5,000,000 | 5,279,000 | |
California State Department of Water Resources | |||
(Water System) | |||
Series AS 5.00% 12/1/29-24 § | 15,000 | 15,697 | |
Unrefunded Series AS 5.00% 12/1/29-24 § | 2,680,000 | 2,818,904 | |
Denton Independent School District, Texas | |||
(School Building) Series A 5.00% 8/15/40-25 (PSF) § | 4,000,000 | 4,237,520 | |
East Hempfield Township, Pennsylvania Industrial Development Authority | |||
(Student Services - Student Housing Project at Millersville University) | |||
5.00% 7/1/39-24 § | 875,000 | 905,065 | |
5.00% 7/1/46-24 § | 1,425,000 | 1,473,963 | |
Fort Worth, Texas Independent School District | |||
(School Building) 5.00% 2/15/27-24 (PSF) § | 2,000,000 | 2,055,340 | |
Golden State, California Tobacco Securitization Corporate Settlement Revenue | |||
(Asset-Backed Bonds) Series A-1 5.00% 6/1/26 § | 850,000 | 918,994 | |
(Asset-Backed Enhanced) Series A 5.00% 6/1/35-25 § | 3,000,000 | 3,185,640 | |
Louisiana State Highway Improvement Revenue | |||
Series A 5.00% 6/15/29-24 § | 5,195,000 | 5,384,825 | |
New York State Dormitory Authority Revenue | |||
(Touro College & University System) Series A 5.25% 1/1/34-24 § | 1,335,000 | 1,390,216 | |
Orange County Health Facilities Authority | |||
(Presbyterian Retirement Communities Project) 5.00% 8/1/36 § | 2,125,000 | 2,214,633 |
14 NQ-037 [11/22] 01/23 (2679874)
(Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Pre-Refunded/Escrowed to Maturity Bonds (continued) | |||
Orlando &Orange County Expressway Authority Revenue | |||
Series A 5.00% 7/1/28-23 § | 2,300,000 | $ 2,333,373 | |
Pennsylvania State Turnpike Commission Revenue | |||
Series C 5.00% 12/1/43-23 § | 4,555,000 | 4,662,498 | |
Southwestern Illinois Development Authority | |||
(Memorial Group) 7.125% 11/1/30-23 § | 2,190,000 | 2,276,198 | |
Texas State | |||
(Transportation Commission Highway Improvement) 5.00% 4/1/29-24 § | 3,000,000 | 3,095,400 | |
Washington State Housing Finance Commission | |||
(Heron's Key) Series A 144A 7.00% 7/1/45-25 #, § | 800,000 | 873,384 | |
43,120,650 | |||
Special Tax Revenue Bonds — 13.88% | |||
Allentown, Pennsylvania Neighborhood Improvement Zone Development Authority Revenue | |||
5.00% 5/1/35 | 850,000 | 866,940 | |
5.00% 5/1/36 | 850,000 | 860,855 | |
(City Center Refunding Project) 144A 5.00% 5/1/42 # | 3,150,000 | 2,860,200 | |
Camden County, New Jersey Improvement Authority Revenue | |||
(County Capital Program) Series A 5.00% 1/15/40 | 5,000,000 | 5,157,750 | |
Celebration Pointe, Florida Community Development District | |||
4.75% 5/1/24 | 200,000 | 201,320 | |
5.00% 5/1/34 | 830,000 | 831,220 | |
Connecticut State Transportation Infrastructure | |||
Series B 5.00% 10/1/30 | 3,375,000 | 3,771,799 | |
Dallas, Texas Convention Center Hotel Development Revenue | |||
Series A 5.00% 1/1/24 | 3,420,000 | 3,427,524 | |
Series A 5.25% 1/1/23 | 5,375,000 | 5,388,599 | |
Denver, Colorado Convention Center Hotel Authority | |||
(Senior) | |||
5.00% 12/1/25 | 1,900,000 | 1,946,493 | |
5.00% 12/1/26 | 2,500,000 | 2,576,225 | |
5.00% 12/1/29 | 600,000 | 615,234 | |
5.00% 12/1/31 | 900,000 | 917,082 |
NQ-037 [11/22] 01/23 (2679874) 15
Schedule of investments
Delaware Tax-Free USA Intermediate Fund (Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Special Tax Revenue Bonds (continued) | |||
Denver, Colorado Convention Center Hotel Authority | |||
(Senior) | |||
5.00% 12/1/32 | 1,800,000 | $ 1,830,942 | |
5.00% 12/1/34 | 1,500,000 | 1,514,340 | |
5.00% 12/1/35 | 1,200,000 | 1,208,772 | |
5.00% 12/1/36 | 900,000 | 904,842 | |
GDB Debt Recovery Authority of Puerto Rico | |||
(Taxable) 7.50% 8/20/40 | 38,325,821 | 32,097,875 | |
Harris County-Houston, Texas Sports Authority | |||
(Senior Lien) Series A 5.00% 11/15/30 | 1,805,000 | 1,859,042 | |
Matching Fund Special Purpose Securitization | |||
Series A 5.00% 10/1/39 | 1,785,000 | 1,800,030 | |
Metropolitan Transportation Authority Revenue, New York | |||
(Climate Bond Certified) Series B-2 5.00% 11/15/36 | 5,000,000 | 5,236,000 | |
Miami-Dade County, Florida Special Obligation Revenue | |||
3.505% 10/1/37 (BAM) ^ | 3,000,000 | 1,545,480 | |
New York City, New York Transitional Finance Authority Building Aid Revenue | |||
Subseries S-3A 5.00% 7/15/28 | 4,400,000 | 4,928,572 | |
New York City, New York Transitional Finance Authority Future Tax Secured | |||
Subseries A-1 5.00% 11/1/23 | 2,865,000 | 2,929,491 | |
Subseries B-1 5.00% 8/1/42 | 5,000,000 | 5,109,000 | |
Subseries C 5.00% 11/1/27 | 4,150,000 | 4,274,749 | |
Subseries E-1 5.00% 2/1/35 | 5,000,000 | 5,348,750 | |
New York State Urban Development Revenue | |||
(General Purpose) Series A 5.00% 3/15/37 | 2,290,000 | 2,473,040 | |
Orange County, California Local Transportation Authority Sales Tax Revenue | |||
5.00% 2/15/39 | 2,000,000 | 2,180,700 | |
Public Finance Authority, Wisconsin | |||
(American Dream @ Meadowlands Project) 144A 7.00% 12/1/50 # | 1,010,000 | 842,714 | |
Puerto Rico Sales Tax Financing Revenue | |||
(Capital Appreciation-Restructured) Series A-1 0.077% 7/1/46 ^ | 9,170,000 | 2,311,023 |
16 NQ-037 [11/22] 01/23 (2679874)
(Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Special Tax Revenue Bonds (continued) | |||
Puerto Rico Sales Tax Financing Revenue | |||
(Restructured) | |||
Series A-1 0.109% 7/1/51 ^ | 26,441,000 | $ 4,975,139 | |
Series A-1 4.55% 7/1/40 | 5,765,000 | 5,369,117 | |
Series A-1 4.75% 7/1/53 | 16,063,000 | 14,676,763 | |
Series A-1 5.00% 7/1/58 | 1,330,000 | 1,261,917 | |
Series A-2 4.329% 7/1/40 | 8,237,000 | 7,462,063 | |
Series A-2 4.329% 7/1/40 | 4,516,000 | 4,091,135 | |
Richmond Heights, Missouri Tax Increment & Transaction Sales Tax Revenue Refunding & Improvement | |||
(Francis Place Redevelopment Project) 5.625% 11/1/25 | 585,000 | 570,363 | |
Utah Telecommunication Open Infrastructure Agency | |||
5.25% 6/1/33 | 1,000,000 | 1,151,720 | |
5.25% 6/1/34 | 1,000,000 | 1,139,520 | |
5.25% 6/1/35 | 1,000,000 | 1,127,390 | |
5.25% 6/1/37 | 2,100,000 | 2,347,485 | |
5.50% 6/1/40 | 2,000,000 | 2,250,220 | |
Washington County Redevelopment Authority Revenue | |||
(Victory Centre Tax Increment Financing Project) 5.00% 7/1/35 | 500,000 | 485,435 | |
Wyandotte County, Kansas City, Kansas Unified Government Special Obligation Revenue | |||
(Sales Tax - Vacation Village Project Area 1 and 2A) Series 2015A 5.00% 9/1/27 | 1,055,000 | 988,672 | |
155,713,542 | |||
State General Obligation Bonds — 14.39% | |||
California State | |||
5.25% 9/1/47 | 1,000,000 | 1,134,720 | |
(School Facilities) 5.00% 11/1/30 | 5,000,000 | 5,111,150 | |
(Various Purpose) | |||
4.00% 10/1/36 | 3,875,000 | 4,038,641 | |
4.00% 10/1/37 | 2,000,000 | 2,067,900 | |
5.00% 8/1/26 | 3,120,000 | 3,389,755 | |
5.00% 10/1/26 | 2,500,000 | 2,725,050 | |
5.00% 8/1/28 | 2,000,000 | 2,252,000 | |
5.00% 9/1/30 | 1,715,000 | 1,861,684 | |
5.00% 9/1/32 | 4,100,000 | 4,452,805 | |
5.00% 9/1/32 | 1,400,000 | 1,643,950 |
NQ-037 [11/22] 01/23 (2679874) 17
Schedule of investments
Delaware Tax-Free USA Intermediate Fund (Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
State General Obligation Bonds (continued) | |||
California State | |||
(Various Purpose) | |||
5.00% 8/1/33 | 5,000,000 | $ 5,236,550 | |
5.00% 9/1/35 | 8,000,000 | 8,574,800 | |
5.00% 11/1/42 | 470,000 | 530,743 | |
5.25% 9/1/30 | 5,000,000 | 5,100,800 | |
Series C 5.00% 9/1/30 | 5,985,000 | 6,365,048 | |
Commonwealth of Massachusetts | |||
Series A 5.00% 1/1/37 | 7,500,000 | 8,226,150 | |
Series A 5.00% 7/1/37 | 5,000,000 | 5,200,600 | |
Commonwealth of Puerto Rico | |||
(Restructured) | |||
Series A-1 4.00% 7/1/37 | 7,116,845 | 5,948,045 | |
Series A-1 4.00% 7/1/46 | 9,820,000 | 7,584,379 | |
Series A-1 5.75% 7/1/31 | 2,340,148 | 2,403,753 | |
(Subordinate) 3.035% 11/1/43 • | 28,078,871 | 12,810,985 | |
Connecticut State | |||
Series F 5.00% 9/15/27 | 2,790,000 | 3,072,209 | |
District of Columbia | |||
Series C 5.00% 6/1/34 | 5,000,000 | 5,146,950 | |
Hawaii State | |||
Series FW 4.00% 1/1/34 | 3,010,000 | 3,148,129 | |
Illinois State | |||
5.00% 1/1/28 | 1,630,000 | 1,676,308 | |
5.00% 11/1/36 | 1,965,000 | 1,999,427 | |
5.25% 2/1/30 | 2,410,000 | 2,442,439 | |
5.25% 2/1/32 | 1,015,000 | 1,027,982 | |
5.50% 5/1/39 | 2,500,000 | 2,638,925 | |
Series A 4.00% 3/1/41 | 1,860,000 | 1,653,875 | |
Series A 5.125% 12/1/29 | 4,440,000 | 4,656,672 | |
Series B 4.00% 10/1/35 | 8,830,000 | 8,320,332 | |
Series C 4.00% 10/1/37 | 1,710,000 | 1,584,486 | |
Series C 4.00% 10/1/42 | 3,835,000 | 3,375,567 | |
Series D 5.00% 11/1/25 | 1,220,000 | 1,259,223 | |
(Rebuild Illinois Program) | |||
Series B 4.00% 11/1/33 | 2,000,000 | 1,916,600 | |
Series B 4.00% 11/1/34 | 1,190,000 | 1,130,119 | |
Series B 4.00% 11/1/35 | 2,200,000 | 2,072,466 | |
Series B 4.00% 11/1/38 | 1,810,000 | 1,660,747 |
18 NQ-037 [11/22] 01/23 (2679874)
(Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
State General Obligation Bonds (continued) | |||
New Jersey State | |||
Series A 4.00% 6/1/32 | 3,440,000 | $ 3,641,825 | |
Oregon State | |||
(Article XI-Q State Projects) Series A 5.00% 5/1/44 | 5,000,000 | 5,406,500 | |
Washington State | |||
Series E 5.00% 7/1/31 | 3,000,000 | 3,137,340 | |
Series R 4.00% 7/1/29 | 2,000,000 | 2,151,240 | |
(Various Purpose) Series 2015-A-1 5.00% 8/1/30 | 1,500,000 | 1,556,085 | |
161,334,954 | |||
Transportation Revenue Bonds — 17.19% | |||
Atlanta, Georgia Department of Aviation | |||
Series B 5.00% 7/1/32 | 1,000,000 | 1,106,700 | |
Series B 5.00% 7/1/33 | 2,045,000 | 2,244,633 | |
Bay Area, California Toll Authority | |||
(San Francisco Bay Area) Series S-7 4.00% 4/1/34 | 1,000,000 | 1,034,510 | |
Chicago, Illinois Midway International Airport | |||
Series A 5.00% 1/1/28 (AMT) | 1,905,000 | 1,928,641 | |
Chicago, Illinois O'Hare International Airport Revenue | |||
Series A 4.00% 1/1/36 | 1,180,000 | 1,179,811 | |
Series A 5.00% 1/1/37 (AMT) | 5,000,000 | 5,190,000 | |
Series B 5.00% 1/1/32 | 1,000,000 | 1,032,880 | |
Series B 5.00% 1/1/33 | 1,520,000 | 1,566,831 | |
(General-Airport-Senior Lien) | |||
Series B 5.00% 1/1/36 | 2,500,000 | 2,664,050 | |
Series B 5.00% 1/1/37 | 3,000,000 | 3,181,560 | |
Denver City & County, Colorado Airport System Revenue | |||
Series A 4.00% 12/1/43 (AMT) | 7,890,000 | 7,304,167 | |
Series A 5.00% 12/1/43 (AMT) | 6,300,000 | 6,433,119 | |
Florida Development Finance Revenue | |||
(Brightline Florida Passenger Rail Expansion Project) Series A 144A 7.25% 7/1/57 (AMT) #, • | 5,900,000 | 5,863,479 | |
Foothill-Eastern, California Transportation Corridor Agency Toll Road Revenue | |||
(Senior Lien) Series A 4.00% 1/15/46 | 1,000,000 | 920,730 |
NQ-037 [11/22] 01/23 (2679874) 19
Schedule of investments
Delaware Tax-Free USA Intermediate Fund (Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Transportation Revenue Bonds (continued) | |||
Lee County, Florida Airport Revenue | |||
5.00% 10/1/33 | 4,305,000 | $ 4,501,825 | |
Los Angeles Department of Airports | |||
Series A 5.00% 5/15/33 (AMT) | 845,000 | 923,010 | |
Metropolitan Nashville Airport Authority | |||
Series B 5.50% 7/1/41 | 1,500,000 | 1,626,120 | |
Series B 5.50% 7/1/42 | 1,855,000 | 2,008,464 | |
Metropolitan Transportation Authority Revenue, New York | |||
(Green Bonds) Subseries A-2 4.00% 11/15/41 | 3,000,000 | 2,631,870 | |
Metropolitan Washington D.C. Airports Authority Dulles Toll Road Revenue | |||
(Dulles Metrorail and Capital Improvement Projects) Series B 4.00% 10/1/49 | 490,000 | 427,148 | |
Miami-Dade County, Florida Aviation Revenue | |||
Series B 5.00% 10/1/37 | 5,700,000 | 5,831,442 | |
Monroe County, Florida Airport Revenu | |||
(Key West International Airport) | |||
Series 2022 5.00% 10/1/36 | 1,235,000 | 1,287,413 | |
Series 2022 5.00% 10/1/37 | 1,270,000 | 1,316,571 | |
Series 2022 5.00% 10/1/38 | 1,360,000 | 1,403,588 | |
Series 2022 5.00% 10/1/40 | 1,475,000 | 1,507,052 | |
New Jersey State Turnpike Authority Turnpike Revenue | |||
Series A 5.00% 1/1/33 | 1,770,000 | 1,908,432 | |
Series E 5.00% 1/1/32 | 5,050,000 | 5,540,203 | |
New Orleans, Louisiana Aviation Board | |||
(North Terminal Project) | |||
Series B 5.00% 1/1/32 (AGM) (AMT) | 2,900,000 | 2,966,584 | |
Series B 5.00% 1/1/33 (AGM) (AMT) | 2,900,000 | 2,964,177 | |
New York State Thruway Authority | |||
Series B 4.00% 1/1/38 | 2,135,000 | 2,113,693 | |
Series B 4.00% 1/1/39 | 10,000,000 | 9,816,900 | |
Series J 5.00% 1/1/27 | 5,705,000 | 5,833,191 | |
Series J 5.00% 1/1/32 | 2,500,000 | 2,552,150 | |
Series K 5.00% 1/1/31 | 5,000,000 | 5,199,000 | |
New York Transportation Development Corporation Special Facilities Revenue | |||
(American Airlines Inc. John F. Kennedy International Airport Project) | |||
Series 2022 5.00% 12/1/33 | 3,955,000 | 4,098,289 | |
Series A 5.00% 12/1/35 (AMT) | 1,000,000 | 1,016,010 |
20 NQ-037 [11/22] 01/23 (2679874)
(Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Transportation Revenue Bonds (continued) | |||
New York Transportation Development Corporation Special Facilities Revenue | |||
(Delta AirLines, Inc. - LaGuardia Airport Terminals C&D Redevelopment Project) | |||
4.00% 10/1/30 (AMT) | 1,950,000 | $ 1,899,963 | |
5.00% 1/1/33 (AMT) | 790,000 | 800,207 | |
Series A 4.00% 7/1/35 | 2,660,000 | 2,561,261 | |
New York Transportation Development Special Facilities Revenue | |||
(Delta Airlines Inc. LaGuardia Airport Terminals C & D Redevelopment Project) | |||
4.375% 10/1/45 (AMT) | 2,500,000 | 2,285,350 | |
5.00% 10/1/40 (AMT) | 1,125,000 | 1,124,921 | |
Oklahoma State Turnpike Authority Revenue | |||
Series A 5.00% 1/1/42 | 5,000,000 | 5,265,500 | |
Pennsylvania State Turnpike Commission Revenue | |||
Series A 5.00% 12/1/48 | 2,500,000 | 2,604,250 | |
Series A-1 5.00% 12/1/40 | 2,090,000 | 2,145,176 | |
Series A-1 5.00% 12/1/45 | 1,000,000 | 1,018,310 | |
Series B 5.00% 12/1/45 | 5,000,000 | 5,131,400 | |
Series C 5.00% 12/1/43 | 1,445,000 | 1,462,759 | |
Subordinate Series A-1 5.00% 12/1/29 | 3,590,000 | 3,735,144 | |
Phoenix, Arizona Civic Improvement Corporation Airport Revenue | |||
(Junior Lien) | |||
Series A 5.00% 7/1/33 | 3,355,000 | 3,505,405 | |
Series B 5.00% 7/1/49 (AMT) | 3,900,000 | 3,958,695 | |
Port Authority of Guam Revenue | |||
(Governmental) Series A 5.00% 7/1/48 | 225,000 | 227,435 | |
Port Authority of New York & New Jersey | |||
5.00% 9/15/25 (AMT) | 7,000,000 | 7,306,670 | |
5.00% 10/15/29 (AMT) | 3,105,000 | 3,212,899 | |
(194th Series) 5.00% 10/15/32 | 2,500,000 | 2,634,250 | |
(218th Series) Series 218 4.00% 11/1/41 | 2,480,000 | 2,336,656 | |
(221st Series) Series 221 4.00% 7/15/36 | 1,200,000 | 1,186,284 | |
Regional Transportation District | |||
(Denver Transit Partners Eagle P3 Project) Series A 4.00% 7/15/33 | 1,000,000 | 974,720 |
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Schedule of investments
Delaware Tax-Free USA Intermediate Fund (Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Transportation Revenue Bonds (continued) | |||
Salt Lake City, Utah Airport Revenue | |||
Series A 5.00% 7/1/37 | 15,000,000 | $ 15,573,750 | |
Series B 5.00% 7/1/31 | 500,000 | 538,550 | |
Series B 5.00% 7/1/32 | 600,000 | 645,168 | |
Series B 5.00% 7/1/33 | 1,000,000 | 1,072,760 | |
San Diego County, California Regional Airport Authority Revenue | |||
Series B 4.00% 7/1/46 (AMT) (BAM) | 2,260,000 | 2,088,082 | |
South Jersey Port, New Jersey | |||
(Subordinated Marine Terminal) | |||
Series B 5.00% 1/1/24 (AMT) | 180,000 | 181,346 | |
Series B 5.00% 1/1/25 (AMT) | 390,000 | 400,358 | |
Series B 5.00% 1/1/30 (AMT) | 230,000 | 240,444 | |
Series B 5.00% 1/1/32 (AMT) | 215,000 | 224,196 | |
Series B 5.00% 1/1/33 (AMT) | 705,000 | 733,785 | |
Series B 5.00% 1/1/34 (AMT) | 880,000 | 912,111 | |
Series B 5.00% 1/1/35 (AMT) | 675,000 | 695,696 | |
Series B 5.00% 1/1/36 (AMT) | 660,000 | 676,579 | |
Series B 5.00% 1/1/37 (AMT) | 430,000 | 438,033 | |
Texas Private Activity Bond Surface Transportation Corporate Senior Lien Revenue | |||
(NTE Mobility) 7.00% 12/31/38 (AMT) | 3,750,000 | 3,840,638 | |
192,762,994 | |||
Water & Sewer Revenue Bonds — 2.24% | |||
Broward County, Florida Water & Sewer Utility Revenue | |||
Series A 4.00% 10/1/45 | 2,640,000 | 2,620,464 | |
Great Lakes, Michigan Water Authority Water Supply System Revenue | |||
(Senior Lien Bond) Series C 5.00% 7/1/31 | 3,000,000 | 3,200,340 | |
Hillsborough County, Florida Wastewater Impact Fee Assessment Special Revenue | |||
Series 2021 5.00% 5/1/23 | 2,335,000 | 2,357,906 | |
New York City, New York Municipal Water Finance Authority Water & Sewer System Revenue | |||
(General Resolution) Series EE 5.00% 6/15/39 | 5,000,000 | 5,210,550 | |
Sacramento County, California Sanitation Districts Financing Authority Revenue | |||
Series A 5.00% 12/1/50 | 2,500,000 | 2,709,750 |
22 NQ-037 [11/22] 01/23 (2679874)
(Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Water & Sewer Revenue Bonds (continued) | |||
San Antonio, Texas Water System Revenue | |||
Series A 5.00% 5/15/32 | 1,500,000 | $ 1,628,475 | |
Series A 5.00% 5/15/33 | 2,250,000 | 2,437,493 | |
Tampa FL Water & Wastewater System Revenue | |||
Series A 5.00% 10/1/52 | 4,500,000 | 4,968,225 | |
25,133,203 | |||
Total Municipal Bonds (cost $1,114,251,324) | 1,080,326,990 | ||
Short-Term Investments — 4.23% | |||
Variable Rate Demand Notes — 4.23%¤ | |||
Indiana Housing & Community Development Authority Revenue | |||
Series B-3 1.00% 7/1/47 (SPA - TD Bank N.A.) | 11,635,000 | 11,635,000 | |
Los Angeles, California Department of Water & Power System Revenue | |||
Subordinate Series A-2 0.65% 7/1/51 (SPA - TD Bank N.A.) | 1,335,000 | 1,335,000 | |
Subordinate Series A-1 0.60% 7/1/50 (SPA - Royal Bank of Canada) | 500,000 | 500,000 | |
Subordinate Series B-4 0.55% 7/1/35 (SPA - Barclays Bank) | 800,000 | 800,000 | |
Massachusetts Health & Educational Facilities Authority | |||
Series K-1 1.00% 7/1/39 (LOC - TD Bank N.A.) | 2,300,000 | 2,300,000 | |
Mississippi Business Finance Corporation Gulf Opportunity Zone Industrial Development Revenue | |||
(Chevron U.S.A. Inc. Project) | |||
Series A 1.00% 12/1/30 | 400,000 | 400,000 | |
Series A 1.00% 11/1/35 | 2,000,000 | 2,000,000 | |
Series C 1.00% 12/1/30 | 250,000 | 250,000 | |
Mississippi Business Finance Gulf Opportunity Zone Industrial Development Revenue | |||
(Chevron U.S.A. Inc. Project) Series C 1.00% 12/1/30 | 775,000 | 775,000 | |
New York City | |||
Series D-4 1.00% 8/1/40 (LOC - TD Bank N.A.)• | 800,000 | 800,000 | |
Subordinate Series E-5 1.00% 3/1/48 (LOC - TD Bank, N.A.) | 2,150,000 | 2,150,000 | |
New York City, New York | |||
Fiscal 2019 Series D 0.98% 12/1/47 (SPA - Barclays Bank) | 600,000 | 600,000 |
NQ-037 [11/22] 01/23 (2679874) 23
Schedule of investments
Delaware Tax-Free USA Intermediate Fund (Unaudited)
Principal amount° | Value (US $) | ||
Short-Term Investments (continued) | |||
Variable Rate Demand Notes (continued) | |||
New York City, New York | |||
Fiscal 2023 Series A-3 1.00% 9/1/49 (SPA - Bank of Montreal) | 3,500,000 | $ 3,500,000 | |
Series F-5 0.98% 6/1/44 (SPA - Barclays Bank) | 900,000 | 900,000 | |
New York City, New York Municipal Water Finance Authority Water & Sewer System Revenue | |||
Fiscal 2008 Series BB-5 1.00% 6/15/33 (SPA - Bank of America, N.A.) | 880,000 | 880,000 | |
Subseries A-2 1.00% 6/15/44 (SPA - Mizuho Bank) | 2,570,000 | 2,570,000 | |
University of California Revenue | |||
Series AL-3 0.65% 5/15/48 | 3,600,000 | 3,600,000 | |
University of Delaware Revenue | |||
Series 2005 1.00% 11/1/35 (SPA - TD Bank N.A.) | 2,025,000 | 2,025,000 | |
University of Michigan Revenue | |||
(General Revenue) Series D-1 0.95% 12/1/24 | 400,000 | 400,000 | |
University of North Carolina Hospitals at Chapel Hill | |||
Series A 1.00% 2/15/31 (SPA - TD Bank N.A.) | 10,045,000 | 10,045,000 | |
Total Short-Term Investments (cost $47,465,000) | 47,465,000 | ||
Total Value of Securities—100.55% (cost $1,161,716,324) | 1,127,791,990 | ||
Liabilities Net of Receivables and Other Assets—(0.55)% | (6,222,267) | ||
Net Assets Applicable to 103,845,107 Shares Outstanding—100.00% | $1,121,569,723 |
° | 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 November 30, 2022, the aggregate value of Rule 144A securities was $70,348,472, which represents 6.27% of the Fund's net assets. |
‡ | Non-income producing security. Security is currently in default. |
24 NQ-037 [11/22] 01/23 (2679874)
(Unaudited)
• | Variable rate investment. Rates reset periodically. Rate shown reflects the rate in effect at November 30, 2022. 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. |
^ | 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 November 30, 2022. |
Summary of abbreviations: |
AGM – Insured by Assured Guaranty Municipal Corporation |
AMT – Subject to Alternative Minimum Tax |
BAM – Insured by Build America Mutual Assurance |
ICE – Intercontinental Exchange, Inc. |
LIBOR – London Interbank Offered Rate |
LIBOR03M – ICE LIBOR USD 3 Month |
LIBOR06M – ICE LIBOR USD 6 Month |
LLC – Limited Liability Corporation |
LOC – Letter of Credit |
N.A. – National Association |
NATL – Insured by National Public Finance Guarantee Corporation |
PSF – Guaranteed by Permanent School Fund |
SPA – Stand-by Purchase Agreement |
USD – US Dollar |
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