Schedule of investments
Delaware Tax-Free Minnesota Fund | May 31, 2021 (Unaudited) |
Principal amount° | Value (US $) | ||
Municipal Bonds — 97.13% | |||
Corporate Revenue Bonds — 1.40% | |||
Cottonwood Revenue | |||
(Extreme Holdings LLC Project) Series A 144A 5.00% 12/1/50 (AMT) # | 1,000,000 | $1,015,910 | |
St. Paul Port Authority Solid Waste Disposal Revenue | |||
(Gerdau St. Paul Steel Mill Project) Series 7 144A 4.50% 10/1/37 (AMT) # | 7,250,000 | 7,422,912 | |
8,438,822 | |||
Education Revenue Bonds — 18.35% | |||
Bethel Charter School Lease Revenue | |||
(Spectrum High School Project) | |||
Series A 4.00% 7/1/32 | 840,000 | 911,980 | |
Series A 4.25% 7/1/47 | 1,550,000 | 1,661,243 | |
Series A 4.375% 7/1/52 | 400,000 | 429,816 | |
Brooklyn Park Charter School Lease Revenue | |||
(Prairie Seeds Academy Project) | |||
Series A 5.00% 3/1/34 | 2,260,000 | 2,404,098 | |
Series A 5.00% 3/1/39 | 385,000 | 406,479 | |
Cologne Charter School Lease Revenue | |||
(Cologne Academy Project) | |||
Series A 5.00% 7/1/34 | 250,000 | 268,953 | |
Series A 5.00% 7/1/45 | 1,390,000 | 1,478,348 | |
Deephaven Charter School Lease Revenue | |||
(Eagle Ridge Academy Project) Series A 5.50% 7/1/50 | 2,000,000 | 2,224,760 | |
Duluth Housing & Redevelopment Authority Revenue | |||
(Duluth Public Schools Academy Project) | |||
Series A 5.00% 11/1/38 | 700,000 | 784,371 | |
Series A 5.00% 11/1/48 | 2,800,000 | 3,092,824 | |
Duluth Independent School District No. 709 Certificates of Participation | |||
Series B 5.00% 2/1/28 | 350,000 | 433,902 | |
Forest Lake Charter School Lease Revenue Fund | |||
(Lakes International Language Academy Project) | |||
Series A 5.25% 8/1/43 | 400,000 | 459,388 | |
Series A 5.375% 8/1/50 | 1,690,000 | 1,945,494 | |
Series A 5.50% 8/1/36 | 580,000 | 611,981 | |
Series A 5.75% 8/1/44 | 1,190,000 | 1,258,306 |
NQ-301 [5/21] 7/21 (1710588) 1
Schedule of investments
Delaware Tax-Free Minnesota Fund (Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Education Revenue Bonds (continued) | |||
Ham Lake Charter School Lease Revenue | |||
(Davinci Academy Project) | |||
Series A 5.00% 7/1/36 | 765,000 | $836,719 | |
Series A 5.00% 7/1/47 | 2,290,000 | 2,478,261 | |
Hugo Charter School Lease Revenue | |||
(Noble Academy Project) | |||
Series A 5.00% 7/1/34 | 580,000 | 618,454 | |
Series A 5.00% 7/1/44 | 1,770,000 | 1,865,368 | |
Minneapolis Charter School Lease Revenue | |||
(Hiawatha Academies Project) | |||
Series A 5.00% 7/1/31 | 885,000 | 960,499 | |
Series A 5.00% 7/1/47 | 2,300,000 | 2,448,856 | |
Minneapolis Student Housing Revenue | |||
(Riverton Community Housing Project) | |||
5.25% 8/1/39 | 470,000 | 499,041 | |
5.50% 8/1/49 | 2,260,000 | 2,398,244 | |
Minnesota Colleges & Universities Revenue Fund | |||
Series A 5.00% 10/1/26 | 4,990,000 | 6,095,085 | |
Minnesota Higher Education Facilities Authority Revenue | |||
(Bethel University) | |||
5.00% 5/1/37 | 1,250,000 | 1,374,600 | |
5.00% 5/1/47 | 250,000 | 271,013 | |
(Carleton College) | |||
4.00% 3/1/35 | 1,000,000 | 1,138,930 | |
4.00% 3/1/36 | 415,000 | 472,818 | |
5.00% 3/1/44 | 2,110,000 | 2,547,255 | |
(College of St. Benedict) Series 8-K 4.00% 3/1/43 | 1,000,000 | 1,057,870 | |
(College of St. Scholastica) | |||
4.00% 12/1/29 | 280,000 | 321,320 | |
4.00% 12/1/30 | 290,000 | 330,232 | |
4.00% 12/1/33 | 500,000 | 563,075 | |
4.00% 12/1/34 | 500,000 | 561,800 | |
4.00% 12/1/40 | 1,200,000 | 1,330,380 | |
(Gustavus Adolphus College) 5.00% 10/1/47 | 5,600,000 | 6,527,976 | |
(St. Catherine University) | |||
Series A 4.00% 10/1/36 | 925,000 | 1,048,108 | |
Series A 5.00% 10/1/35 | 875,000 | 1,065,925 | |
Series A 5.00% 10/1/45 | 2,120,000 | 2,533,124 |
2 NQ-301 [5/21] 7/21 (1710588)
(Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Education Revenue Bonds (continued) | |||
Minnesota Higher Education Facilities Authority Revenue | |||
(St. John's University) | |||
Series 8-I 5.00% 10/1/32 | 500,000 | $583,985 | |
Series 8-I 5.00% 10/1/33 | 250,000 | 291,850 | |
(St. Olaf College) | |||
3.00% 10/1/41 | 1,585,000 | 1,747,970 | |
4.00% 10/1/46 | 750,000 | 891,847 | |
4.00% 10/1/50 | 565,000 | 668,745 | |
Series 8-G 5.00% 12/1/31 | 745,000 | 877,141 | |
Series 8-G 5.00% 12/1/32 | 670,000 | 788,161 | |
Series 8-N 4.00% 10/1/35 | 500,000 | 570,740 | |
(Trustees of The Hamline University) | |||
Series B 5.00% 10/1/37 | 955,000 | 1,068,702 | |
Series B 5.00% 10/1/38 | 1,000,000 | 1,117,880 | |
Series B 5.00% 10/1/39 | 170,000 | 189,591 | |
Series B 5.00% 10/1/40 | 625,000 | 696,462 | |
Series B 5.00% 10/1/47 | 1,060,000 | 1,170,675 | |
(University of St. Thomas) | |||
4.00% 10/1/36 | 1,450,000 | 1,709,724 | |
4.00% 10/1/37 | 750,000 | 881,970 | |
4.00% 10/1/44 | 1,255,000 | 1,453,001 | |
5.00% 10/1/40 | 500,000 | 629,295 | |
Series 8-L 5.00% 4/1/35 | 1,250,000 | 1,463,800 | |
Series A 4.00% 10/1/34 | 400,000 | 462,768 | |
Series A 4.00% 10/1/36 | 500,000 | 576,325 | |
Minnesota Office of Higher Education Revenue | |||
(Senior Supplemental Student Loan Program) 2.65% 11/1/38 (AMT) | 1,000,000 | 1,021,810 | |
Otsego Charter School Lease Revenue | |||
(Kaleidoscope Charter School) | |||
Series A 5.00% 9/1/34 | 520,000 | 551,429 | |
Series A 5.00% 9/1/44 | 1,165,000 | 1,220,687 | |
Rice County Educational Facilities Revenue | |||
(Shattuck-St. Mary's School) Series A 144A 5.00% 8/1/22 # | 2,855,000 | 2,927,603 | |
St. Cloud Charter School Lease Revenue | |||
(Stride Academy Project) Series A 5.00% 4/1/46 | 875,000 | 782,364 |
NQ-301 [5/21] 7/21 (1710588) 3
Schedule of investments
Delaware Tax-Free Minnesota Fund (Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Education Revenue Bonds (continued) | |||
St. Paul Housing & Redevelopment Authority Charter School Lease Revenue | |||
(Academia Cesar Chavez School Project) Series A 5.25% 7/1/50 | 1,945,000 | $2,066,465 | |
(Great River School Project) | |||
Series A 144A 4.75% 7/1/29 # | 300,000 | 330,627 | |
Series A 144A 5.50% 7/1/52 # | 735,000 | 829,014 | |
(Hmong College Preparatory Academy Project) Series A 5.75% 9/1/46 | 1,000,000 | 1,166,340 | |
(Nova Classical Academy Project) | |||
Series A 4.00% 9/1/36 | 500,000 | 529,185 | |
Series A 4.125% 9/1/47 | 1,750,000 | 1,838,742 | |
(Twin Cities Academy Project) Series A 5.30% 7/1/45 | 1,440,000 | 1,565,122 | |
University of Minnesota | |||
Series A 5.00% 4/1/34 | 925,000 | 1,101,583 | |
Series A 5.00% 9/1/34 | 2,625,000 | 3,245,182 | |
Series A 5.00% 4/1/35 | 3,175,000 | 3,781,107 | |
Series A 5.00% 4/1/36 | 2,650,000 | 3,155,885 | |
Series A 5.00% 4/1/37 | 1,125,000 | 1,339,763 | |
Series A 5.00% 9/1/40 | 1,560,000 | 1,908,379 | |
Series A 5.00% 9/1/41 | 1,750,000 | 2,140,233 | |
Series A 5.00% 4/1/44 | 3,000,000 | 3,779,580 | |
110,838,628 | |||
Electric Revenue Bonds — 7.64% | |||
Chaska Electric Revenue | |||
(Generating Facilities) | |||
Series A 5.00% 10/1/28 | 350,000 | 414,659 | |
Series A 5.00% 10/1/30 | 1,150,000 | 1,362,451 | |
Minnesota Municipal Power Agency Electric Revenue | |||
4.00% 10/1/41 | 1,000,000 | 1,100,200 | |
5.00% 10/1/29 | 395,000 | 452,579 | |
5.00% 10/1/30 | 500,000 | 572,885 | |
5.00% 10/1/33 | 1,205,000 | 1,378,508 | |
5.00% 10/1/47 | 2,000,000 | 2,376,080 | |
Series A 5.00% 10/1/30 | 1,060,000 | 1,214,516 | |
Series A 5.00% 10/1/34 | 750,000 | 857,190 | |
Series A 5.00% 10/1/35 | 1,525,000 | 1,740,788 |
4 NQ-301 [5/21] 7/21 (1710588)
(Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Electric Revenue Bonds (continued) | |||
Northern Municipal Power Agency Electric System Revenue | |||
5.00% 1/1/27 | 540,000 | $641,504 | |
5.00% 1/1/28 | 350,000 | 414,750 | |
5.00% 1/1/28 | 210,000 | 254,837 | |
5.00% 1/1/29 | 585,000 | 691,201 | |
5.00% 1/1/29 | 220,000 | 264,730 | |
5.00% 1/1/30 | 520,000 | 613,376 | |
5.00% 1/1/31 | 200,000 | 237,618 | |
5.00% 1/1/32 | 210,000 | 248,661 | |
5.00% 1/1/35 | 160,000 | 188,403 | |
5.00% 1/1/36 | 180,000 | 211,628 | |
5.00% 1/1/41 | 400,000 | 466,476 | |
Series A 5.00% 1/1/25 | 125,000 | 133,930 | |
Series A 5.00% 1/1/26 | 425,000 | 454,946 | |
Series A 5.00% 1/1/31 | 520,000 | 556,468 | |
Puerto Rico Electric Power Authority Revenue | |||
Series A 5.05% 7/1/42 ‡ | 430,000 | 411,725 | |
Series AAA 5.25% 7/1/25 ‡ | 250,000 | 240,000 | |
Series CCC 5.25% 7/1/27 ‡ | 1,875,000 | 1,800,000 | |
Series WW 5.00% 7/1/28 ‡ | 1,775,000 | 1,699,562 | |
Series WW 5.25% 7/1/33 ‡ | 1,250,000 | 1,200,000 | |
Series XX 4.75% 7/1/26 ‡ | 260,000 | 247,975 | |
Series XX 5.25% 7/1/40 ‡ | 750,000 | 720,000 | |
Series XX 5.75% 7/1/36 ‡ | 925,000 | 892,625 | |
Series ZZ 4.75% 7/1/27 ‡ | 210,000 | 200,288 | |
Series ZZ 5.25% 7/1/24 ‡ | 350,000 | 336,000 | |
Rochester Electric Utility Revenue | |||
Series A 5.00% 12/1/42 | 1,395,000 | 1,672,674 | |
Series A 5.00% 12/1/47 | 2,265,000 | 2,693,289 | |
Southern Minnesota Municipal Power Agency Revenue | |||
Series A 5.00% 1/1/41 | 1,310,000 | 1,534,324 | |
Series A 5.00% 1/1/42 | 1,500,000 | 1,827,060 | |
Series A 5.00% 1/1/46 | 2,000,000 | 2,326,920 | |
Series A 5.00% 1/1/47 | 3,130,000 | 3,784,953 | |
Southern Minnesota Municipal Power Agency Revenue Capital Appreciation | |||
Series A 4.965% 1/1/25 (NATL) ^ | 5,000,000 | 4,842,350 | |
St. Paul Housing & Redevelopment Energy Revenue | |||
Series A 4.00% 10/1/30 | 1,235,000 | 1,419,101 |
NQ-301 [5/21] 7/21 (1710588) 5
Schedule of investments
Delaware Tax-Free Minnesota Fund (Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Electric Revenue Bonds (continued) | |||
St. Paul Housing & Redevelopment Energy Revenue | |||
Series A 4.00% 10/1/31 | 885,000 | $1,012,706 | |
Series A 4.00% 10/1/33 | 365,000 | 414,786 | |
46,124,722 | |||
Healthcare Revenue Bonds — 22.52% | |||
Anoka Healthcare & Housing Facilities Revenue | |||
(The Homestead at Anoka Project) | |||
5.125% 11/1/49 | 1,100,000 | 1,157,365 | |
5.375% 11/1/34 | 320,000 | 341,475 | |
Apple Valley Senior Housing Revenue | |||
(PHS Apple Valley Senior Housing, Inc. - Orchard Path Project) | |||
5.00% 9/1/43 | 465,000 | 490,496 | |
5.00% 9/1/58 | 3,220,000 | 3,375,011 | |
Apple Valley Senior Living Revenue | |||
(Senior Living LLC Project) | |||
2nd Tier Series B 5.00% 1/1/47 | 1,640,000 | 1,145,294 | |
2nd Tier Series B 5.25% 1/1/37 | 480,000 | 385,459 | |
4th Tier Series D 7.00% 1/1/37 | 1,585,000 | 1,286,814 | |
4th Tier Series D 7.25% 1/1/52 | 2,580,000 | 1,992,121 | |
Bethel Housing & Health Care Facilities Revenue | |||
(Benedictine Health System – St. Peter Communities Project) Series A 5.50% 12/1/48 | 2,350,000 | 2,440,874 | |
Bethel Senior Housing Revenue | |||
(The Lodge at The Lakes at Stillwater Project) | |||
5.00% 6/1/38 | 450,000 | 470,502 | |
5.00% 6/1/48 | 1,000,000 | 1,039,450 | |
5.00% 6/1/53 | 2,450,000 | 2,544,251 | |
Center City Health Care Facilities Revenue | |||
(Hazelden Betty Ford Foundation Project) | |||
4.00% 11/1/34 | 500,000 | 577,170 | |
4.00% 11/1/41 | 800,000 | 909,608 | |
5.00% 11/1/26 | 500,000 | 567,710 | |
Chatfield Healthcare and Housing Facilities Revenue | |||
(Chosen Valley Care Center Project) 5.00% 9/1/44 | 500,000 | 511,240 | |
Crookston Health Care Facilities Revenue | |||
(Riverview Health Project) | |||
5.00% 5/1/38 | 100,000 | 105,097 | |
5.00% 5/1/44 | 1,500,000 | 1,566,675 |
6 NQ-301 [5/21] 7/21 (1710588)
(Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Healthcare Revenue Bonds (continued) | |||
Crookston Health Care Facilities Revenue | |||
(Riverview Health Project) | |||
5.00% 5/1/51 | 1,585,000 | $1,644,691 | |
Dakota County Community Development Agency Senior Housing Revenue | |||
(Walker Highview Hills Project) | |||
Series A 144A 5.00% 8/1/36 # | 280,000 | 287,904 | |
Series A 144A 5.00% 8/1/46 # | 2,380,000 | 2,440,286 | |
Deephaven Housing & Healthcare Revenue | |||
(St. Therese Senior Living Project) | |||
Series A 5.00% 4/1/38 | 730,000 | 742,074 | |
Series A 5.00% 4/1/40 | 705,000 | 715,667 | |
Series A 5.00% 4/1/48 | 315,000 | 318,657 | |
Duluth Economic Development Authority | |||
(Essentia Health Obligated Group) | |||
Series A 4.25% 2/15/43 | 2,000,000 | 2,298,340 | |
Series A 5.00% 2/15/48 | 1,850,000 | 2,217,373 | |
(St. Luke’s Hospital of Duluth Obligated Group) | |||
5.75% 6/15/32 | 3,750,000 | 3,882,750 | |
6.00% 6/15/39 | 3,570,000 | 3,699,234 | |
Glencoe Health Care Facilities Revenue | |||
(Glencoe Regional Health Services Project) | |||
4.00% 4/1/24 | 500,000 | 513,195 | |
4.00% 4/1/25 | 660,000 | 676,164 | |
4.00% 4/1/31 | 60,000 | 60,961 | |
Hayward Health Care Facilities Revenue | |||
(American Baptist Homes Midwest Obligated Group) | |||
5.375% 8/1/34 | 660,000 | 666,534 | |
5.75% 2/1/44 | 500,000 | 507,010 | |
(St. John's Lutheran Home of Albert Lea Project) 5.375% 10/1/44 | 575,000 | 576,254 | |
Maple Grove Health Care Facilities Revenue | |||
(Maple Grove Hospital Corporation) | |||
4.00% 5/1/37 | 2,000,000 | 2,259,020 | |
5.00% 5/1/27 | 1,400,000 | 1,725,220 | |
5.00% 5/1/29 | 1,000,000 | 1,220,160 | |
5.00% 5/1/30 | 850,000 | 1,031,067 | |
5.00% 5/1/31 | 500,000 | 604,450 | |
5.00% 5/1/32 | 500,000 | 603,180 |
NQ-301 [5/21] 7/21 (1710588) 7
Schedule of investments
Delaware Tax-Free Minnesota Fund (Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Healthcare Revenue Bonds (continued) | |||
Maple Grove Health Care Facilities Revenue | |||
(North Memorial Health Care) | |||
5.00% 9/1/31 | 1,000,000 | $1,128,460 | |
5.00% 9/1/32 | 1,000,000 | 1,126,720 | |
Maple Plain Senior Housing & Health Care Revenue | |||
(Haven Homes Project) 5.00% 7/1/54 | 3,500,000 | 3,690,995 | |
Minneapolis Health Care System Revenue | |||
(Fairview Health Services) | |||
Series A 4.00% 11/15/48 | 5,600,000 | 6,289,808 | |
Series A 5.00% 11/15/33 | 500,000 | 585,505 | |
Series A 5.00% 11/15/33 | 325,000 | 405,399 | |
Series A 5.00% 11/15/34 | 500,000 | 584,790 | |
Series A 5.00% 11/15/35 | 1,000,000 | 1,242,520 | |
Series A 5.00% 11/15/44 | 1,000,000 | 1,164,840 | |
Series A 5.00% 11/15/49 | 3,475,000 | 4,191,892 | |
Minneapolis Senior Housing & Healthcare Revenue | |||
(Ecumen-Abiitan Mill City Project) | |||
5.00% 11/1/35 | 500,000 | 507,080 | |
5.25% 11/1/45 | 1,950,000 | 1,974,667 | |
5.375% 11/1/50 | 455,000 | 461,370 | |
Minneapolis–St. Paul Housing & Redevelopment Authority Health Care Facilities Revenue | |||
(Allina Health System) Series A 5.00% 11/15/28 | 1,550,000 | 1,920,062 | |
Red Wing Senior Housing | |||
(Deer Crest Project) | |||
Series A 5.00% 11/1/27 | 430,000 | 435,061 | |
Series A 5.00% 11/1/32 | 330,000 | 333,752 | |
Series A 5.00% 11/1/42 | 1,250,000 | 1,263,825 | |
Rochester Health Care & Housing Revenue | |||
(The Homestead at Rochester Project) Series A 6.875% 12/1/48 | 2,980,000 | 3,205,169 | |
Rochester Health Care Facilities Revenue | |||
(Mayo Clinic) 4.00% 11/15/41 | 4,515,000 | 4,622,954 | |
Sartell Health Care Facilities Revenue | |||
(Country Manor Campus Project) | |||
Series A 5.25% 9/1/27 | 1,280,000 | 1,309,235 | |
Series A 5.30% 9/1/37 | 1,200,000 | 1,230,264 |
8 NQ-301 [5/21] 7/21 (1710588)
(Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Healthcare Revenue Bonds (continued) | |||
Sauk Rapids Health Care Housing Facilities Revenue | |||
(Good Shepherd Lutheran Home) 5.125% 1/1/39 | 1,350,000 | $1,361,246 | |
Shakopee Health Care Facilities Revenue | |||
(St. Francis Regional Medical Center) | |||
4.00% 9/1/31 | 915,000 | 970,421 | |
5.00% 9/1/24 | 575,000 | 651,182 | |
5.00% 9/1/25 | 750,000 | 843,645 | |
5.00% 9/1/26 | 575,000 | 644,684 | |
5.00% 9/1/27 | 405,000 | 452,616 | |
5.00% 9/1/28 | 425,000 | 471,814 | |
5.00% 9/1/29 | 425,000 | 470,148 | |
5.00% 9/1/34 | 730,000 | 794,437 | |
St. Cloud Health Care Revenue | |||
(Centracare Health System Project) | |||
4.00% 5/1/49 | 5,315,000 | 5,962,314 | |
5.00% 5/1/48 | 5,090,000 | 6,294,956 | |
Series A 4.00% 5/1/37 | 965,000 | 1,085,721 | |
Series A 5.00% 5/1/46 | 3,715,000 | 4,401,049 | |
St. Paul Housing & Redevelopment Authority Health Care Facilities Revenue | |||
(Fairview Health Services) | |||
Series A 4.00% 11/15/43 | 2,450,000 | 2,729,104 | |
Series A 5.00% 11/15/47 | 1,560,000 | 1,897,365 | |
(HealthPartners Obligated Group Project) | |||
Series A 5.00% 7/1/29 | 2,200,000 | 2,594,614 | |
Series A 5.00% 7/1/32 | 3,000,000 | 3,530,130 | |
Series A 5.00% 7/1/33 | 1,260,000 | 1,480,979 | |
St. Paul Housing & Redevelopment Authority Housing & Health Care Facilities Revenue | |||
(Episcopal Homes Project) 5.125% 5/1/48 | 3,100,000 | 3,112,431 | |
St. Paul Housing & Redevelopment Authority Multifamily Housing Revenue | |||
(Marian Center Project) | |||
Series A 5.30% 11/1/30 | 500,000 | 500,505 | |
Series A 5.375% 5/1/43 | 500,000 | 500,295 | |
Wayzata Senior Housing Revenue | |||
(Folkestone Senior Living Community) | |||
3.75% 8/1/36 | 500,000 | 524,145 | |
4.00% 8/1/44 | 800,000 | 836,416 |
NQ-301 [5/21] 7/21 (1710588) 9
Schedule of investments
Delaware Tax-Free Minnesota Fund (Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Healthcare Revenue Bonds (continued) | |||
Wayzata Senior Housing Revenue | |||
(Folkestone Senior Living Community) | |||
5.00% 8/1/49 | 1,000,000 | $1,076,200 | |
5.00% 8/1/54 | 875,000 | 938,919 | |
West St. Paul Housing and Health Care Facilities Revenue | |||
(Walker Westwood Ridge Campus Project) | |||
4.50% 11/1/40 | 250,000 | 252,883 | |
4.75% 11/1/52 | 750,000 | 758,295 | |
Winona Health Care Facilities Revenue | |||
(Winona Health Obligation Group) | |||
4.50% 7/1/25 | 850,000 | 852,159 | |
4.65% 7/1/26 | 540,000 | 541,388 | |
Woodbury Housing & Redevelopment Authority Revenue | |||
(St. Therese of Woodbury) | |||
5.00% 12/1/34 | 500,000 | 527,010 | |
5.125% 12/1/44 | 1,605,000 | 1,680,981 | |
136,009,223 | |||
Housing Revenue Bonds — 0.69% | |||
Minnesota Housing Finance Agency | |||
Series I 2.00% 7/1/40 | 695,000 | 701,345 | |
Series I 2.20% 1/1/51 | 1,305,000 | 1,316,093 | |
Minnesota Housing Finance Agency Homeownership Finance (Mortgage-Backed Securities Program) | |||
Series D 4.70% 1/1/31 (GNMA) (FNMA) (FHLMC) | 745,000 | 747,779 | |
Northwest Multi-County Housing & Redevelopment Authority | |||
(Pooled Housing Program) 5.50% 7/1/45 | 1,330,000 | 1,378,358 | |
4,143,575 | |||
Lease Revenue Bonds — 2.77% | |||
Minnesota General Fund Revenue Appropriations | |||
Series A 5.00% 6/1/38 | 1,250,000 | 1,358,888 | |
Series A 5.00% 6/1/43 | 3,835,000 | 4,154,647 | |
Series B 5.00% 3/1/28 | 2,500,000 | 2,588,700 | |
Series B 5.00% 3/1/29 | 1,000,000 | 1,035,400 | |
Minnesota Housing Finance Agency | |||
(State Appropriation–Housing Infrastructure) | |||
Series C 5.00% 8/1/34 | 1,565,000 | 1,780,845 |
10 NQ-301 [5/21] 7/21 (1710588)
(Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Lease Revenue Bonds (continued) | |||
Minnesota Housing Finance Agency | |||
(State Appropriation–Housing Infrastructure) | |||
Series C 5.00% 8/1/35 | 1,645,000 | $1,869,098 | |
University of Minnesota Special Purpose Revenue | |||
(State Supported Biomed Science Research Facilities Funding Project) Series A 5.00% 8/1/35 | 3,960,000 | 3,973,543 | |
16,761,121 | |||
Local General Obligation Bonds — 12.51% | |||
Anoka-Hennepin Independent School District No. 11 | |||
(Minnesota School District Credit Enhancement Program) Series A 3.00% 2/1/43 | 750,000 | 813,630 | |
Brainerd Independent School District No. 181 | |||
(School Building) | |||
Series A 4.00% 2/1/38 | 1,500,000 | 1,713,045 | |
Series A 4.00% 2/1/43 | 3,500,000 | 3,965,220 | |
Burnsville-Eagan-Savage Independent School District No. 191 | |||
(Alternative Facilities) | |||
Series A 4.00% 2/1/28 | 920,000 | 1,031,026 | |
Series A 4.00% 2/1/29 | 1,800,000 | 2,012,400 | |
Chaska Independent School District No. 112 | |||
(School Building) Series A 5.00% 2/1/27 | 1,905,000 | 2,290,896 | |
Duluth | |||
(DECC Improvement) | |||
Series A 5.00% 2/1/32 | 1,000,000 | 1,192,400 | |
Series A 5.00% 2/1/33 | 3,585,000 | 4,269,305 | |
Duluth Independent School District No. 709 | |||
Series A 4.00% 2/1/27 | 160,000 | 184,248 | |
Series A 4.00% 2/1/28 | 1,250,000 | 1,435,188 | |
Hennepin County | |||
Series A 5.00% 12/1/26 | 2,635,000 | 3,268,638 | |
Series A 5.00% 12/1/33 | 2,000,000 | 2,703,000 | |
Series A 5.00% 12/1/36 | 940,000 | 1,151,754 | |
Series A 5.00% 12/1/37 | 2,850,000 | 3,545,400 | |
Series A 5.00% 12/1/37 | 2,645,000 | 3,236,052 | |
Series A 5.00% 12/1/38 | 3,310,000 | 4,109,994 | |
Series B 5.00% 12/1/30 | 1,000,000 | 1,233,750 | |
Series C 5.00% 12/1/28 | 1,500,000 | 1,955,010 |
NQ-301 [5/21] 7/21 (1710588) 11
Schedule of investments
Delaware Tax-Free Minnesota Fund (Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Local General Obligation Bonds (continued) | |||
Hennepin County | |||
Series C 5.00% 12/1/30 | 1,245,000 | $1,536,019 | |
Series C 5.00% 12/1/37 | 3,000,000 | 3,670,380 | |
Mahtomedi Independent School District No. 832 | |||
(School Building) Series A 5.00% 2/1/30 | 445,000 | 517,655 | |
Marshall | |||
Series B 4.00% 4/1/28 | 275,000 | 332,384 | |
Series B 4.00% 4/1/29 | 285,000 | 350,505 | |
Minneapolis Special School District No. 1 | |||
Series A 4.00% 2/1/36 | 450,000 | 536,166 | |
Series A 4.00% 2/1/37 | 600,000 | 713,016 | |
Series A 4.00% 2/1/38 | 625,000 | 741,000 | |
Series B 4.00% 2/1/36 | 945,000 | 1,125,948 | |
Series B 4.00% 2/1/37 | 1,255,000 | 1,491,392 | |
Series B 4.00% 2/1/38 | 1,305,000 | 1,547,208 | |
(School Building) Series B 4.00% 2/1/37 | 1,000,000 | 1,211,480 | |
Mounds View Independent School District No. 621 | |||
(Minnesota School District Credit Enhancement Program) Series A 4.00% 2/1/43 | 3,000,000 | 3,407,460 | |
Mountain Iron-Buhl Independent School District No. 712 | |||
(School Building) Series A 4.00% 2/1/26 | 1,315,000 | 1,520,324 | |
St. Michael-Albertville Independent School District No. 885 | |||
(School Building) Series A 5.00% 2/1/27 | 1,865,000 | 2,252,360 | |
Virginia, Minnesota Sales Tax Revenue | |||
(General Obligation Sales Tax) Series A 4.00% 2/1/35 (AGM) | 500,000 | 576,305 | |
Wayzata Independent School District No. 284 | |||
Series A 5.00% 2/1/28 | 1,950,000 | 2,413,515 | |
White Bear Lake Independent School District No. 624 | |||
Series A 3.00% 2/1/43 | 10,645,000 | 11,520,125 | |
75,574,198 |
12 NQ-301 [5/21] 7/21 (1710588)
(Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Pre-Refunded/Escrowed to Maturity Bonds — 7.30% | |||
Dakota & Washington Counties Housing & Redevelopment Authority Single Family Residential Mortgage Revenue | |||
(City of Bloomington) Series B 8.375% 9/1/21 (GNMA) (AMT) | 14,115,000 | $14,389,819 | |
Minnesota | |||
Series A Unrefunded Balance 5.00% 10/1/24-21 § | 2,555,000 | 2,596,698 | |
Series A Unrefunded Balance 5.00% 10/1/27-21 § | 5,200,000 | 5,284,864 | |
(State Trunk Highway) Series B 5.00% 10/1/29-21 § | 5,000,000 | 5,081,600 | |
Minnesota Higher Education Facilities Authority Revenue | |||
(St. Catherine University) | |||
Series 7-Q 5.00% 10/1/23-22 § | 350,000 | 372,603 | |
Series 7-Q 5.00% 10/1/24-22 § | 475,000 | 505,676 | |
Series 7-Q 5.00% 10/1/27-22 § | 200,000 | 212,916 | |
Rochester Electric Utility Revenue | |||
Series B 5.00% 12/1/27-23 § | 295,000 | 330,648 | |
Series B 5.00% 12/1/28-23 § | 275,000 | 308,231 | |
Series B 5.00% 12/1/31-23 § | 1,365,000 | 1,529,946 | |
Series B 5.00% 12/1/33-23 § | 300,000 | 336,252 | |
Rochester Health Care Facilities Revenue | |||
(Olmsted Medical Center Project) | |||
5.00% 7/1/24-23 § | 295,000 | 323,863 | |
5.00% 7/1/33-23 § | 650,000 | 713,596 | |
St. Paul Housing & Redevelopment Authority Hospital Facility Revenue | |||
(Healtheast Care System Project) | |||
Series A 5.00% 11/15/29-25 § | 910,000 | 1,090,098 | |
Series A 5.00% 11/15/30-25 § | 670,000 | 802,600 | |
University of Minnesota | |||
Series A 5.50% 7/1/21 | 2,365,000 | 2,374,767 | |
Western Minnesota Municipal Power Agency Revenue | |||
Series A 5.00% 1/1/34-24 § | 4,000,000 | 4,493,920 | |
Series A 5.00% 1/1/46-24 § | 3,000,000 | 3,370,440 | |
44,118,537 |
NQ-301 [5/21] 7/21 (1710588) 13
Schedule of investments
Delaware Tax-Free Minnesota Fund (Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Special Tax Revenue Bonds — 3.20% | |||
Minneapolis Development Revenue | |||
(Limited Tax Supported Common Bond Fund) Series 2-A 6.00% 12/1/40 | 3,000,000 | $3,085,440 | |
Minneapolis Revenue | |||
(YMCA Greater Twin Cities Project) 4.00% 6/1/30 | 250,000 | 270,810 | |
Puerto Rico Sales Tax Financing Revenue | |||
(Restructured) Series A-1 4.75% 7/1/53 | 10,200,000 | 11,466,432 | |
St. Paul Sales Tax Revenue | |||
Series G 5.00% 11/1/30 | 655,000 | 752,831 | |
Series G 5.00% 11/1/31 | 1,500,000 | 1,723,500 | |
Virgin Islands Public Finance Authority | |||
(Matching Fund Senior Lien) 5.00% 10/1/29 (AGM) | 2,000,000 | 2,058,340 | |
19,357,353 | |||
State General Obligation Bonds — 11.60% | |||
Commonwealth of Puerto Rico | |||
(Public Improvement) Series B 5.75% 7/1/38 ‡ | 2,530,000 | 2,229,562 | |
Minnesota | |||
Series A 5.00% 8/1/30 | 6,980,000 | 9,214,368 | |
Series A 5.00% 8/1/35 | 3,000,000 | 3,924,270 | |
Series A 5.00% 8/1/40 | 1,750,000 | 2,308,163 | |
(State Trunk Highway) Series E 5.00% 10/1/26 | 3,395,000 | 4,196,899 | |
(Various Purposes) | |||
Series A 5.00% 8/1/27 | 7,590,000 | 9,017,299 | |
Series A 5.00% 8/1/29 | 3,200,000 | 3,798,848 | |
Series A 5.00% 8/1/30 | 4,200,000 | 4,806,354 | |
Series A 5.00% 8/1/32 | 3,875,000 | 4,430,442 | |
Series A 5.00% 8/1/33 | 2,075,000 | 2,668,927 | |
Series A 5.00% 10/1/33 | 3,000,000 | 3,760,110 | |
Series A 5.00% 8/1/35 | 2,975,000 | 3,821,328 | |
Series A 5.00% 8/1/38 | 3,450,000 | 4,401,648 | |
Series A Unrefunded Balance 4.00% 8/1/27 | 955,000 | 996,008 | |
Series D 5.00% 8/1/26 | 6,000,000 | 7,380,120 | |
Series D 5.00% 8/1/27 | 2,525,000 | 3,094,211 | |
70,048,557 |
14 NQ-301 [5/21] 7/21 (1710588)
(Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Transportation Revenue Bonds — 6.25% | |||
Minneapolis–St. Paul Metropolitan Airports Commission Revenue | |||
(Senior) | |||
Series A 5.00% 1/1/32 | 1,245,000 | $1,513,584 | |
Series C 5.00% 1/1/29 | 410,000 | 503,296 | |
Series C 5.00% 1/1/33 | 850,000 | 1,033,303 | |
Series C 5.00% 1/1/36 | 600,000 | 727,866 | |
Series C 5.00% 1/1/41 | 600,000 | 726,264 | |
Series C 5.00% 1/1/46 | 1,595,000 | 1,930,859 | |
(Subordinate) | |||
Series A 5.00% 1/1/35 | 1,000,000 | 1,114,210 | |
Series A 5.00% 1/1/44 | 3,000,000 | 3,750,510 | |
Series A 5.00% 1/1/49 | 5,000,000 | 6,210,450 | |
Series B 5.00% 1/1/26 | 575,000 | 590,818 | |
Series B 5.00% 1/1/27 | 1,160,000 | 1,191,436 | |
Series B 5.00% 1/1/28 | 2,750,000 | 2,823,535 | |
Series B 5.00% 1/1/29 | 120,000 | 123,209 | |
Series B 5.00% 1/1/30 | 1,675,000 | 1,719,789 | |
Series B 5.00% 1/1/31 | 1,750,000 | 1,796,795 | |
Series B 5.00% 1/1/44 (AMT) | 3,595,000 | 4,439,322 | |
Series B 5.00% 1/1/49 (AMT) | 6,150,000 | 7,545,373 | |
37,740,619 | |||
Water & Sewer Revenue Bonds — 2.90% | |||
Guam Government Waterworks Authority | |||
5.00% 7/1/40 | 1,930,000 | 2,242,602 | |
Metropolitan Council General Obligation Wastewater Revenue | |||
(Minneapolis-St. Paul Metropolitan Area) | |||
Series B 4.00% 9/1/27 | 2,400,000 | 2,511,984 | |
Series B 5.00% 9/1/25 | 2,000,000 | 2,118,220 | |
Series C 4.00% 3/1/31 | 3,120,000 | 3,636,485 | |
Series C 4.00% 3/1/32 | 3,225,000 | 3,750,256 | |
Series E 5.00% 9/1/23 | 2,000,000 | 2,118,220 | |
Minnesota Public Facilities Authority | |||
Series B 4.00% 3/1/26 | 1,000,000 | 1,166,620 | |
17,544,387 | |||
Total Municipal Bonds (cost $552,314,982) | 586,699,742 | ||
NQ-301 [5/21] 7/21 (1710588) 15
Schedule of investments
Delaware Tax-Free Minnesota Fund (Unaudited)
Principal amount° | Value (US $) | ||
Short-Term Investments — 1.74% | |||
Variable Rate Demand Notes — 1.74%¤ | |||
Minneapolis Health Care System Revenue | |||
(Fairview Health Services) Series C 0.02% 11/15/48 (LOC – Wells Fargo Bank N.A.) | 3,750,000 | $3,750,000 | |
Minneapolis–St. Paul Housing & Redevelopment Authority Health Care Revenue | |||
(Allina Health System) Series B-1 0.01% 11/15/35 (LOC – JPMorgan Chase Bank N.A.) | 6,005,000 | 6,005,000 | |
Series B-2 0.01% 11/15/35 (LOC – JPMorgan Chase Bank N.A.) | 775,000 | 775,000 | |
Total Short-Term Investments (cost $10,530,000) | 10,530,000 | ||
Total Value of Securities—98.87% (cost $562,844,982) | 597,229,742 | ||
Receivables and Other Assets Net of Liabilities—1.13% | 6,803,249 | ||
Net Assets Applicable to 47,679,553 Shares Outstanding—100.00% | $604,032,991 |
° | 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 May 31, 2021, the aggregate value of Rule 144A securities was $15,254,256, which represents 2.53% 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 May 31, 2021. |
Summary of abbreviations: |
AGM – Insured by Assured Guaranty Municipal Corporation |
AMT – Subject to Alternative Minimum Tax |
FHLMC – Federal Home Loan Mortgage Corporation |
FNMA – Federal National Mortgage Association |
16 NQ-301 [5/21] 7/21 (1710588)
(Unaudited)
Summary of abbreviations: (continued) |
GNMA – Government National Mortgage Association |
LLC – Limited Liability Corporation |
LOC – Letter of Credit |
N.A. – National Association |
NATL – Insured by National Public Finance Guarantee Corporation |
USD – US Dollar |
NQ-301 [5/21] 7/21 (1710588) 17