Schedule of investments
Delaware Tax-Free Minnesota Fund | November 30, 2021 (Unaudited) |
Principal amount° | Value (US $) | ||
Municipal Bonds — 99.03% | |||
Corporate Revenue Bonds — 1.39% | |||
Cottonwood Revenue | |||
(Extreme Holdings LLC Project) Series A 144A 5.00% 12/1/50 (AMT) # | 1,000,000 | $ 1,017,800 | |
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 | 7,357,373 | |
8,375,173 | |||
Education Revenue Bonds — 19.04% | |||
Bethel Charter School Lease Revenue | |||
(Spectrum High School Project) | |||
Series A 4.00% 7/1/32 | 840,000 | 909,132 | |
Series A 4.25% 7/1/47 | 1,550,000 | 1,664,018 | |
Series A 4.375% 7/1/52 | 400,000 | 430,408 | |
Brooklyn Park Charter School Lease Revenue | |||
(Prairie Seeds Academy Project) | |||
Series A 5.00% 3/1/34 | 2,260,000 | 2,390,854 | |
Series A 5.00% 3/1/39 | 385,000 | 404,612 | |
Cologne Charter School Lease Revenue | |||
(Cologne Academy Project) | |||
Series A 5.00% 7/1/34 | 250,000 | 266,422 | |
Series A 5.00% 7/1/45 | 1,390,000 | 1,466,645 | |
Deephaven Charter School Lease Revenue | |||
(Eagle Ridge Academy Project) Series A 5.50% 7/1/50 | 2,000,000 | 2,220,900 | |
Duluth Housing & Redevelopment Authority Revenue | |||
(Duluth Public Schools Academy Project) | |||
Series A 5.00% 11/1/38 | 700,000 | 777,644 | |
Series A 5.00% 11/1/48 | 2,800,000 | 3,073,980 | |
Duluth Independent School District No. 709 Certificates of Participation | |||
Series B 5.00% 2/1/28 | 350,000 | 428,036 | |
Forest Lake Charter School Lease Revenue Fund | |||
(Lakes International Language Academy Project) | |||
Series A 5.25% 8/1/43 | 400,000 | 456,908 | |
Series A 5.375% 8/1/50 | 1,690,000 | 1,934,712 | |
Series A 5.50% 8/1/36 | 580,000 | 603,560 | |
Series A 5.75% 8/1/44 | 1,190,000 | 1,239,801 | |
Ham Lake Charter School Lease Revenue | |||
(Davinci Academy Project) | |||
Series A 5.00% 7/1/36 | 765,000 | 829,252 | |
Series A 5.00% 7/1/47 | 2,290,000 | 2,459,529 |
NQ-301 [11/21] 1/22 (1984255) 1
Schedule of investments
Delaware Tax-Free Minnesota Fund (Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Education Revenue Bonds (continued) | |||
Hugo Charter School Lease Revenue | |||
(Noble Academy Project) | |||
Series A 5.00% 7/1/34 | 580,000 | $ 613,466 | |
Series A 5.00% 7/1/44 | 1,770,000 | 1,853,190 | |
Minneapolis Charter School Lease Revenue | |||
(Hiawatha Academies Project) | |||
Series A 5.00% 7/1/31 | 885,000 | 959,800 | |
Series A 5.00% 7/1/47 | 2,300,000 | 2,454,146 | |
Minneapolis Student Housing Revenue | |||
(Riverton Community Housing Project) | |||
5.25% 8/1/39 | 470,000 | 502,214 | |
5.50% 8/1/49 | 2,260,000 | 2,415,488 | |
Minnesota Colleges & Universities Revenue Fund | |||
Series A 5.00% 10/1/26 | 4,990,000 | 6,018,339 | |
Minnesota Higher Education Facilities Authority Revenue | |||
(Bethel University) | |||
5.00% 5/1/37 | 1,250,000 | 1,403,387 | |
5.00% 5/1/47 | 250,000 | 277,310 | |
(Carleton College) | |||
4.00% 3/1/35 | 1,000,000 | 1,126,800 | |
4.00% 3/1/36 | 415,000 | 467,776 | |
5.00% 3/1/44 | 2,110,000 | 2,513,537 | |
(College of St. Benedict) Series 8-K 4.00% 3/1/43 | 1,000,000 | 1,087,550 | |
(College of St. Scholastica) | |||
4.00% 12/1/29 | 280,000 | 331,223 | |
4.00% 12/1/30 | 290,000 | 341,034 | |
4.00% 12/1/33 | 500,000 | 582,570 | |
4.00% 12/1/34 | 500,000 | 580,985 | |
4.00% 12/1/40 | 1,200,000 | 1,377,804 | |
(Gustavus Adolphus College) 5.00% 10/1/47 | 5,600,000 | 6,638,072 | |
(St. Catherine University) | |||
Series A 4.00% 10/1/36 | 925,000 | 1,051,891 | |
Series A 5.00% 10/1/35 | 875,000 | 1,064,271 | |
Series A 5.00% 10/1/45 | 2,120,000 | 2,536,241 | |
(St. John's University) | |||
Series 8-I 5.00% 10/1/32 | 500,000 | 573,565 | |
Series 8-I 5.00% 10/1/33 | 250,000 | 286,853 | |
(St. Olaf College) | |||
3.00% 10/1/41 | 1,585,000 | 1,739,934 |
2 NQ-301 [11/21] 1/22 (1984255)
(Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Education Revenue Bonds (continued) | |||
Minnesota Higher Education Facilities Authority Revenue | |||
(St. Olaf College) | |||
4.00% 10/1/46 | 750,000 | $ 887,063 | |
4.00% 10/1/50 | 565,000 | 665,547 | |
Series 8-G 5.00% 12/1/31 | 745,000 | 861,272 | |
Series 8-G 5.00% 12/1/32 | 670,000 | 774,366 | |
Series 8-N 4.00% 10/1/35 | 500,000 | 564,270 | |
(Trustees of The Hamline University) | |||
Series B 5.00% 10/1/37 | 955,000 | 1,056,889 | |
Series B 5.00% 10/1/38 | 1,000,000 | 1,106,000 | |
Series B 5.00% 10/1/39 | 170,000 | 187,639 | |
Series B 5.00% 10/1/40 | 625,000 | 689,163 | |
Series B 5.00% 10/1/47 | 1,060,000 | 1,159,036 | |
(University of St. Thomas) | |||
4.00% 10/1/36 | 1,450,000 | 1,697,892 | |
4.00% 10/1/37 | 750,000 | 876,398 | |
4.00% 10/1/44 | 1,255,000 | 1,447,341 | |
5.00% 10/1/40 | 500,000 | 623,935 | |
Series 8-L 5.00% 4/1/35 | 1,250,000 | 1,441,225 | |
Series A 4.00% 10/1/34 | 400,000 | 457,544 | |
Series A 4.00% 10/1/36 | 500,000 | 570,660 | |
Minnesota Office of Higher Education Revenue | |||
(Senior Supplemental Student Loan Program) 2.65% 11/1/38 (AMT) | 885,000 | 904,753 | |
Otsego Charter School Lease Revenue | |||
(Kaleidoscope Charter School) | |||
Series A 5.00% 9/1/34 | 520,000 | 547,768 | |
Series A 5.00% 9/1/44 | 1,165,000 | 1,214,361 | |
St. Cloud Charter School Lease Revenue | |||
(Stride Academy Project) Series A 5.00% 4/1/46 | 875,000 | 789,530 | |
St. Paul Housing & Redevelopment Authority Charter School Lease Revenue | |||
(Academia Cesar Chavez School Project) Series A 5.25% 7/1/50 | 1,945,000 | 2,045,829 | |
(Great River School Project) | |||
Series A 144A 4.75% 7/1/29 # | 300,000 | 328,305 | |
Series A 144A 5.50% 7/1/52 # | 735,000 | 824,339 | |
(Hmong College Preparatory Academy Project) | |||
Series A 5.00% 9/1/43 | 750,000 | 883,560 | |
Series A 5.75% 9/1/46 | 1,000,000 | 1,144,580 |
NQ-301 [11/21] 1/22 (1984255) 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 | |||
(Nova Classical Academy Project) | |||
Series A 4.00% 9/1/36 | 500,000 | $ 528,430 | |
Series A 4.125% 9/1/47 | 1,750,000 | 1,840,388 | |
(Twin Cities Academy Project) Series A 5.30% 7/1/45 | 1,440,000 | 1,580,342 | |
University of Minnesota | |||
Series A 5.00% 11/1/32 | 985,000 | 1,305,263 | |
Series A 5.00% 4/1/34 | 925,000 | 1,080,909 | |
Series A 5.00% 9/1/34 | 2,625,000 | 3,225,206 | |
Series A 5.00% 4/1/35 | 3,175,000 | 3,710,146 | |
Series A 5.00% 4/1/36 | 2,650,000 | 3,096,658 | |
Series A 5.00% 4/1/37 | 1,125,000 | 1,314,619 | |
Series A 5.00% 9/1/40 | 1,560,000 | 1,903,075 | |
Series A 5.00% 9/1/41 | 1,750,000 | 2,133,670 | |
Series A 5.00% 4/1/44 | 3,000,000 | 3,741,510 | |
(State Supported Biomedical Science Research Facilities Funding Program) | |||
Series A 5.00% 8/1/31 | 1,000,000 | 1,348,780 | |
Series A 5.00% 8/1/35 | 2,200,000 | 3,179,638 | |
Series A 5.00% 8/1/36 | 500,000 | 735,175 | |
114,826,933 | |||
Electric Revenue Bonds — 7.68% | |||
Central Minnesota Municipal Power Agency | |||
(Southeast Twin Cities Transmission Project) 4.00% 1/1/42 (AGM) | 340,000 | 397,093 | |
Chaska Electric Revenue | |||
(Generating Facilities) | |||
Series A 5.00% 10/1/28 | 350,000 | 407,026 | |
Series A 5.00% 10/1/30 | 1,150,000 | 1,337,369 | |
Minnesota Municipal Power Agency Electric Revenue | |||
4.00% 10/1/41 | 1,000,000 | 1,121,130 | |
5.00% 10/1/29 | 395,000 | 443,652 | |
5.00% 10/1/30 | 500,000 | 561,585 | |
5.00% 10/1/33 | 1,205,000 | 1,351,613 | |
5.00% 10/1/47 | 2,000,000 | 2,337,340 | |
Series A 5.00% 10/1/30 | 1,060,000 | 1,190,560 | |
Series A 5.00% 10/1/34 | 750,000 | 840,578 | |
Series A 5.00% 10/1/35 | 1,525,000 | 1,707,344 |
4 NQ-301 [11/21] 1/22 (1984255)
(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 | $ 629,840 | |
5.00% 1/1/28 | 560,000 | 657,973 | |
5.00% 1/1/29 | 805,000 | 940,960 | |
5.00% 1/1/30 | 520,000 | 602,654 | |
5.00% 1/1/31 | 200,000 | 237,822 | |
5.00% 1/1/32 | 210,000 | 249,572 | |
5.00% 1/1/35 | 160,000 | 189,822 | |
5.00% 1/1/36 | 180,000 | 213,005 | |
5.00% 1/1/41 | 400,000 | 471,932 | |
Series A 5.00% 1/1/25 | 125,000 | 131,075 | |
Series A 5.00% 1/1/26 | 425,000 | 445,370 | |
Series A 5.00% 1/1/31 | 520,000 | 544,809 | |
Puerto Rico Electric Power Authority Revenue | |||
Series A 5.05% 7/1/42 ‡ | 430,000 | 423,550 | |
Series AAA 5.25% 7/1/25 ‡ | 250,000 | 246,875 | |
Series CCC 5.25% 7/1/27 ‡ | 1,875,000 | 1,851,562 | |
Series WW 5.00% 7/1/28 ‡ | 1,775,000 | 1,748,375 | |
Series WW 5.25% 7/1/33 ‡ | 1,250,000 | 1,234,375 | |
Series XX 4.75% 7/1/26 ‡ | 260,000 | 255,125 | |
Series XX 5.25% 7/1/40 ‡ | 750,000 | 740,625 | |
Series XX 5.75% 7/1/36 ‡ | 925,000 | 919,219 | |
Series ZZ 4.75% 7/1/27 ‡ | 210,000 | 206,063 | |
Series ZZ 5.25% 7/1/24 ‡ | 350,000 | 345,625 | |
Rochester Electric Utility Revenue | |||
Series A 5.00% 12/1/42 | 1,395,000 | 1,644,886 | |
Series A 5.00% 12/1/47 | 2,265,000 | 2,650,390 | |
Southern Minnesota Municipal Power Agency Revenue | |||
Series A 5.00% 1/1/41 | 1,310,000 | 1,508,583 | |
Series A 5.00% 1/1/42 | 1,500,000 | 1,805,805 | |
Series A 5.00% 1/1/46 | 2,000,000 | 2,289,420 | |
Series A 5.00% 1/1/47 | 3,130,000 | 3,743,918 | |
Southern Minnesota Municipal Power Agency Revenue Capital Appreciation | |||
Series A 4.965% 1/1/25 (NATL) ^ | 5,000,000 | 4,874,200 | |
St. Paul Housing & Redevelopment Energy Revenue | |||
Series A 4.00% 10/1/30 | 1,235,000 | 1,402,268 | |
Series A 4.00% 10/1/31 | 885,000 | 1,001,236 | |
Series A 4.00% 10/1/33 | 365,000 | 410,928 | |
46,313,152 |
NQ-301 [11/21] 1/22 (1984255) 5
Schedule of investments
Delaware Tax-Free Minnesota Fund (Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Healthcare Revenue Bonds — 23.23% | |||
Anoka Healthcare & Housing Facilities Revenue | |||
(The Homestead at Anoka Project) | |||
5.125% 11/1/49 | 1,100,000 | $ 1,160,632 | |
5.375% 11/1/34 | 320,000 | 343,450 | |
Apple Valley Senior Housing Revenue | |||
(PHS Apple Valley Senior Housing, Inc. - Orchard Path Project) | |||
5.00% 9/1/43 | 465,000 | 487,804 | |
5.00% 9/1/58 | 3,220,000 | 3,361,036 | |
(PHS Apple Valley Senior Housing, Inc.- Orchard Path Phase II Project) | |||
4.00% 9/1/51 | 500,000 | 530,680 | |
4.00% 9/1/61 | 500,000 | 525,005 | |
Apple Valley Senior Living Revenue | |||
(Senior Living LLC Project) | |||
2nd Tier Series B 5.00% 1/1/47 | 1,640,000 | 1,270,688 | |
2nd Tier Series B 5.25% 1/1/37 | 480,000 | 418,666 | |
4th Tier Series D 7.00% 1/1/37 | 1,585,000 | 1,290,158 | |
4th Tier Series D 7.25% 1/1/52 | 2,580,000 | 1,991,812 | |
Bethel Housing & Health Care Facilities Revenue | |||
(Benedictine Health System – St. Peter Communities Project) Series A 5.50% 12/1/48 | 2,350,000 | 2,478,615 | |
Bethel Senior Housing Revenue | |||
(The Lodge at The Lakes at Stillwater Project) | |||
5.00% 6/1/38 | 450,000 | 467,366 | |
5.00% 6/1/48 | 1,000,000 | 1,033,980 | |
5.00% 6/1/53 | 2,450,000 | 2,529,208 | |
Center City Health Care Facilities Revenue | |||
(Hazelden Betty Ford Foundation Project) | |||
4.00% 11/1/34 | 500,000 | 574,030 | |
4.00% 11/1/41 | 800,000 | 905,616 | |
5.00% 11/1/26 | 500,000 | 558,080 | |
Chatfield Healthcare and Housing Facilities Revenue | |||
(Chosen Valley Care Center Project) 5.00% 9/1/44 | 500,000 | 529,885 | |
Crookston Health Care Facilities Revenue | |||
(Riverview Health Project) | |||
5.00% 5/1/38 | 100,000 | 106,423 | |
5.00% 5/1/44 | 1,500,000 | 1,581,570 | |
5.00% 5/1/51 | 1,585,000 | 1,676,375 |
6 NQ-301 [11/21] 1/22 (1984255)
(Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Healthcare Revenue Bonds (continued) | |||
Dakota County Community Development Agency Senior Housing Revenue | |||
(Walker Highview Hills Project) | |||
Series A 144A 5.00% 8/1/36 # | 280,000 | $ 284,589 | |
Series A 144A 5.00% 8/1/46 # | 2,380,000 | 2,415,058 | |
Deephaven Housing & Healthcare Revenue | |||
(St. Therese Senior Living Project) | |||
Series A 5.00% 4/1/38 | 730,000 | 739,417 | |
Series A 5.00% 4/1/40 | 705,000 | 713,369 | |
Series A 5.00% 4/1/48 | 315,000 | 317,923 | |
Duluth Economic Development Authority | |||
(Essentia Health Obligated Group) | |||
Series A 4.25% 2/15/43 | 2,000,000 | 2,290,540 | |
Series A 5.00% 2/15/48 | 1,850,000 | 2,194,377 | |
(St. Luke’s Hospital of Duluth Obligated Group) | |||
5.75% 6/15/32 | 3,750,000 | 3,839,625 | |
6.00% 6/15/39 | 3,570,000 | 3,654,752 | |
Series A 3.00% 6/15/44 | 850,000 | 880,345 | |
Series A 4.00% 6/15/34 | 215,000 | 253,152 | |
Series A 4.00% 6/15/36 | 990,000 | 1,152,543 | |
Series A 4.00% 6/15/37 | 380,000 | 438,178 | |
Series A 4.00% 6/15/38 | 150,000 | 175,262 | |
Series A 4.00% 6/15/39 | 150,000 | 174,738 | |
Glencoe Health Care Facilities Revenue | |||
(Glencoe Regional Health Services Project) | |||
4.00% 4/1/24 | 500,000 | 505,195 | |
4.00% 4/1/25 | 660,000 | 666,415 | |
4.00% 4/1/31 | 60,000 | 60,384 | |
Hayward Health Care Facilities Revenue | |||
(American Baptist Homes Midwest Obligated Group) | |||
5.375% 8/1/34 | 660,000 | 666,541 | |
5.75% 2/1/44 | 500,000 | 506,715 | |
(St. John's Lutheran Home of Albert Lea Project) 5.375% 10/1/44 | 575,000 | 584,217 | |
Maple Grove Health Care Facilities Revenue | |||
(Maple Grove Hospital Corporation) | |||
4.00% 5/1/37 | 2,000,000 | 2,244,340 | |
5.00% 5/1/27 | 1,400,000 | 1,695,988 | |
5.00% 5/1/29 | 1,000,000 | 1,201,280 | |
5.00% 5/1/30 | 850,000 | 1,016,387 | |
5.00% 5/1/31 | 500,000 | 596,090 |
NQ-301 [11/21] 1/22 (1984255) 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 | |||
(Maple Grove Hospital Corporation) | |||
5.00% 5/1/32 | 500,000 | $ 595,025 | |
(North Memorial Health Care) | |||
5.00% 9/1/31 | 1,000,000 | 1,133,090 | |
5.00% 9/1/32 | 1,000,000 | 1,131,860 | |
Maple Plain Senior Housing & Health Care Revenue | |||
(Haven Homes Project) 5.00% 7/1/54 | 3,500,000 | 3,707,690 | |
Minneapolis Health Care System Revenue | |||
(Allina Health System) 4.00% 11/15/40 | 3,000,000 | 3,636,360 | |
(Fairview Health Services) | |||
Series A 4.00% 11/15/48 | 5,600,000 | 6,334,048 | |
Series A 5.00% 11/15/33 | 825,000 | 981,670 | |
Series A 5.00% 11/15/34 | 500,000 | 575,875 | |
Series A 5.00% 11/15/35 | 1,000,000 | 1,245,090 | |
Series A 5.00% 11/15/44 | 1,000,000 | 1,145,480 | |
Series A 5.00% 11/15/49 | 3,475,000 | 4,252,844 | |
Minneapolis Senior Housing & Healthcare Revenue | |||
(Ecumen-Abiitan Mill City Project) | |||
5.00% 11/1/35 | 500,000 | 508,925 | |
5.25% 11/1/45 | 1,950,000 | 1,985,802 | |
5.375% 11/1/50 | 455,000 | 463,686 | |
Minneapolis–St. Paul Housing & Redevelopment Authority Health Care Facilities Revenue | |||
(Allina Health System) Series A 5.00% 11/15/28 | 1,550,000 | 1,886,164 | |
Rochester Health Care & Housing Revenue | |||
(The Homestead at Rochester Project) Series A 6.875% 12/1/48 | 2,980,000 | 3,168,813 | |
Rochester Health Care Facilities Revenue | |||
(Mayo Clinic) 4.00% 11/15/41 | 4,515,000 | 4,584,531 | |
Sartell Health Care Facilities Revenue | |||
(Country Manor Campus Project) | |||
Series A 5.25% 9/1/27 | 1,280,000 | 1,298,291 | |
Series A 5.30% 9/1/37 | 1,200,000 | 1,228,236 | |
Sauk Rapids Health Care Housing Facilities Revenue | |||
(Good Shepherd Lutheran Home) 5.125% 1/1/39 | 1,350,000 | 1,358,316 |
8 NQ-301 [11/21] 1/22 (1984255)
(Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Healthcare Revenue Bonds (continued) | |||
Shakopee Health Care Facilities Revenue | |||
(St. Francis Regional Medical Center) | |||
4.00% 9/1/31 | 915,000 | $ 985,675 | |
5.00% 9/1/24 | 575,000 | 643,534 | |
5.00% 9/1/25 | 750,000 | 836,880 | |
5.00% 9/1/26 | 575,000 | 639,670 | |
5.00% 9/1/27 | 405,000 | 448,862 | |
5.00% 9/1/28 | 425,000 | 470,432 | |
5.00% 9/1/29 | 425,000 | 469,961 | |
5.00% 9/1/34 | 730,000 | 806,453 | |
St. Cloud Health Care Revenue | |||
(Centracare Health System Project) | |||
4.00% 5/1/49 | 5,315,000 | 6,068,827 | |
5.00% 5/1/48 | 5,090,000 | 6,238,202 | |
Series A 4.00% 5/1/37 | 965,000 | 1,078,050 | |
Series A 5.00% 5/1/46 | 3,715,000 | 4,321,622 | |
St. Paul Housing & Redevelopment Authority Health Care Facilities Revenue | |||
(Fairview Health Services) | |||
Series A 4.00% 11/15/43 | 2,450,000 | 2,790,574 | |
Series A 5.00% 11/15/47 | 1,560,000 | 1,880,502 | |
(HealthPartners Obligated Group Project) | |||
Series A 5.00% 7/1/29 | 2,200,000 | 2,527,866 | |
Series A 5.00% 7/1/32 | 3,000,000 | 3,436,800 | |
Series A 5.00% 7/1/33 | 1,260,000 | 1,442,007 | |
St. Paul Housing & Redevelopment Authority Housing & Health Care Facilities Revenue | |||
(Episcopal Homes Project) 5.125% 5/1/48 | 3,100,000 | 3,177,407 | |
St. Paul Housing & Redevelopment Authority Multifamily Housing Revenue | |||
(Marian Center Project) | |||
Series A 5.30% 11/1/30 | 500,000 | 500,580 | |
Series A 5.375% 5/1/43 | 500,000 | 500,345 | |
Wayzata Senior Housing Revenue | |||
(Folkestone Senior Living Community) | |||
3.75% 8/1/36 | 500,000 | 522,965 | |
4.00% 8/1/44 | 800,000 | 836,352 | |
5.00% 8/1/49 | 1,000,000 | 1,071,140 | |
5.00% 8/1/54 | 875,000 | 934,911 |
NQ-301 [11/21] 1/22 (1984255) 9
Schedule of investments
Delaware Tax-Free Minnesota Fund (Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Healthcare Revenue Bonds (continued) | |||
West St. Paul Housing and Health Care Facilities Revenue | |||
(Walker Westwood Ridge Campus Project) | |||
4.50% 11/1/40 | 250,000 | $ 253,122 | |
4.75% 11/1/52 | 750,000 | 759,045 | |
Woodbury Housing & Redevelopment Authority Revenue | |||
(St. Therese of Woodbury) | |||
5.00% 12/1/34 | 500,000 | 524,210 | |
5.125% 12/1/44 | 1,605,000 | 1,673,485 | |
140,149,774 | |||
Housing Revenue Bonds — 0.54% | |||
Minnesota Housing Finance Agency | |||
Series I 2.00% 7/1/40 | 665,000 | 666,629 | |
Series I 2.20% 1/1/51 | 1,255,000 | 1,240,856 | |
Northwest Multi-County Housing & Redevelopment Authority | |||
(Pooled Housing Program) 5.50% 7/1/45 | 1,330,000 | 1,365,817 | |
3,273,302 | |||
Lease Revenue Bonds — 2.08% | |||
Minnesota General Fund Revenue Appropriations | |||
Series A 5.00% 6/1/38 | 1,250,000 | 1,330,587 | |
Series A 5.00% 6/1/43 | 3,835,000 | 4,071,543 | |
Series B 5.00% 3/1/28 | 2,500,000 | 2,529,800 | |
Series B 5.00% 3/1/29 | 1,000,000 | 1,011,920 | |
Minnesota Housing Finance Agency | |||
(State Appropriation–Housing Infrastructure) | |||
Series C 5.00% 8/1/34 | 1,565,000 | 1,745,351 | |
Series C 5.00% 8/1/35 | 1,645,000 | 1,832,250 | |
12,521,451 | |||
Local General Obligation Bonds — 13.20% | |||
Anoka-Hennepin Independent School District No. 11 | |||
(Minnesota School District Credit Enhancement Program) Series A 3.00% 2/1/43 | 750,000 | 805,155 | |
Brainerd Independent School District No. 181 | |||
(School Building) | |||
Series A 4.00% 2/1/38 | 1,500,000 | 1,705,875 | |
Series A 4.00% 2/1/43 | 3,500,000 | 3,954,265 | |
Burnsville-Eagan-Savage Independent School District No. 191 | |||
(Alternative Facilities) | |||
Series A 4.00% 2/1/28 | 920,000 | 1,013,840 | |
Series A 4.00% 2/1/29 | 1,800,000 | 1,980,396 |
10 NQ-301 [11/21] 1/22 (1984255)
(Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Local General Obligation Bonds (continued) | |||
Chaska Independent School District No. 112 | |||
(School Building) Series A 5.00% 2/1/27 | 1,905,000 | $ 2,247,195 | |
Duluth | |||
(DECC Improvement) | |||
Series A 5.00% 2/1/30 | 630,000 | 738,341 | |
Series A 5.00% 2/1/32 | 1,000,000 | 1,170,630 | |
Series A 5.00% 2/1/33 | 3,585,000 | 4,191,869 | |
Duluth Independent School District No. 709 | |||
Series A 4.00% 2/1/27 | 160,000 | 181,216 | |
Series A 4.00% 2/1/28 | 1,250,000 | 1,411,713 | |
Hennepin County | |||
Series A 5.00% 12/1/26 | 2,635,000 | 3,203,870 | |
Series A 5.00% 12/1/33 | 2,000,000 | 2,663,240 | |
Series A 5.00% 12/1/36 | 940,000 | 1,132,136 | |
Series A 5.00% 12/1/37 | 5,495,000 | 6,691,383 | |
Series A 5.00% 12/1/38 | 3,310,000 | 4,072,988 | |
Series B 5.00% 12/1/30 | 1,000,000 | 1,210,950 | |
Series C 5.00% 12/1/28 | 1,500,000 | 1,921,095 | |
Series C 5.00% 12/1/30 | 1,245,000 | 1,507,633 | |
Series C 5.00% 12/1/37 | 3,000,000 | 3,606,690 | |
Lakeville Independent School District No. 194 | |||
Series B 4.00% 2/1/28 | 1,975,000 | 2,343,594 | |
Mahtomedi Independent School District No. 832 | |||
(School Building) Series A 5.00% 2/1/30 | 445,000 | 507,336 | |
Marshall | |||
Series B 4.00% 4/1/28 | 275,000 | 327,355 | |
Series B 4.00% 4/1/29 | 285,000 | 345,183 | |
Minneapolis Special School District No. 1 | |||
Series A 4.00% 2/1/36 | 450,000 | 532,431 | |
Series A 4.00% 2/1/37 | 600,000 | 708,546 | |
Series A 4.00% 2/1/38 | 625,000 | 736,931 | |
Series A 5.00% 2/1/33 | 1,420,000 | 1,980,872 | |
Series B 4.00% 2/1/36 | 945,000 | 1,118,105 | |
Series B 4.00% 2/1/37 | 1,255,000 | 1,482,042 | |
Series B 4.00% 2/1/38 | 1,305,000 | 1,538,713 | |
(School Building) Series B 4.00% 2/1/37 | 1,000,000 | 1,202,240 |
NQ-301 [11/21] 1/22 (1984255) 11
Schedule of investments
Delaware Tax-Free Minnesota Fund (Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Local General Obligation Bonds (continued) | |||
Mounds View Independent School District No. 621 | |||
(Minnesota School District Credit Enhancement Program) Series A 4.00% 2/1/43 | 3,000,000 | $ 3,378,180 | |
Mountain Iron-Buhl Independent School District No. 712 | |||
(School Building) Series A 4.00% 2/1/26 | 1,315,000 | 1,494,918 | |
St. Michael-Albertville Independent School District No. 885 | |||
(School Building) Series A 5.00% 2/1/27 | 1,865,000 | 2,208,458 | |
Virginia, Minnesota Sales Tax Revenue | |||
(General Obligation Sales Tax) Series A 4.00% 2/1/35 (AGM) | 500,000 | 570,860 | |
Wayzata Independent School District No. 284 | |||
Series A 5.00% 2/1/28 | 1,950,000 | 2,365,428 | |
White Bear Lake Independent School District No. 624 | |||
Series A 3.00% 2/1/43 | 10,645,000 | 11,401,966 | |
79,653,638 | |||
Pre-Refunded/Escrowed to Maturity Bonds — 2.73% | |||
Minnesota Higher Education Facilities Authority Revenue | |||
(St. Catherine University) | |||
Series 7-Q 5.00% 10/1/23-22 § | 350,000 | 363,965 | |
Series 7-Q 5.00% 10/1/24-22 § | 475,000 | 493,952 | |
Series 7-Q 5.00% 10/1/27-22 § | 200,000 | 207,980 | |
Rice County Educational Facilities Revenue | |||
(Shattuck-St. Mary's School) Series A 144A 5.00% 8/1/22 # | 2,355,000 | 2,429,512 | |
Rochester Electric Utility Revenue | |||
Series B 5.00% 12/1/27-23 § | 295,000 | 322,745 | |
Series B 5.00% 12/1/28-23 § | 275,000 | 300,864 | |
Series B 5.00% 12/1/31-23 § | 1,365,000 | 1,493,378 | |
Series B 5.00% 12/1/33-23 § | 300,000 | 328,215 | |
Rochester Health Care Facilities Revenue | |||
(Olmsted Medical Center Project) | |||
5.00% 7/1/24-23 § | 295,000 | 316,438 | |
5.00% 7/1/33-23 § | 650,000 | 697,235 | |
St. Paul Housing & Redevelopment Authority Hospital Facility Revenue | |||
(Healtheast Care System Project) | |||
Series A 5.00% 11/15/29-25 § | 910,000 | 1,066,811 | |
Series A 5.00% 11/15/30-25 § | 670,000 | 785,455 |
12 NQ-301 [11/21] 1/22 (1984255)
(Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Pre-Refunded/Escrowed to Maturity Bonds (continued) | |||
Western Minnesota Municipal Power Agency Revenue | |||
Series A 5.00% 1/1/34-24 § | 4,000,000 | $ 4,391,240 | |
Series A 5.00% 1/1/46-24 § | 3,000,000 | 3,293,430 | |
16,491,220 | |||
Special Tax Revenue Bonds — 4.77% | |||
Minneapolis Development Revenue | |||
(Limited Tax Supported Common Bond Fund) Series 2-A 6.00% 12/1/40 | 3,000,000 | 3,000,000 | |
Minneapolis Revenue | |||
(YMCA Greater Twin Cities Project) 4.00% 6/1/30 | 250,000 | 269,553 | |
Puerto Rico Infrastructure Financing Authority Revenue | |||
Series B 5.00% 7/1/41 ‡ | 5,000,000 | 2,400,000 | |
Puerto Rico Sales Tax Financing Revenue | |||
(Restructured) | |||
Series A-1 4.554% 7/1/46 ^ | 21,110,000 | 7,059,184 | |
Series A-1 4.75% 7/1/53 | 10,200,000 | 11,559,762 | |
St. Paul Sales Tax Revenue | |||
Series G 5.00% 11/1/30 | 655,000 | 738,093 | |
Series G 5.00% 11/1/31 | 1,500,000 | 1,689,825 | |
Virgin Islands Public Finance Authority | |||
(Matching Fund Senior Lien) 5.00% 10/1/29 (AGM) | 2,000,000 | 2,076,640 | |
28,793,057 | |||
State General Obligation Bonds — 15.33% | |||
Commonwealth of Puerto Rico | |||
(Public Improvement) Series B 5.75% 7/1/38 ‡ | 2,530,000 | 2,460,425 | |
Minnesota | |||
(State Trunk Highway) Series E 5.00% 10/1/26 | 3,395,000 | 4,103,638 | |
(Various Purposes) | |||
Series A 4.00% 9/1/39 | 4,480,000 | 5,545,165 | |
Series A 4.00% 9/1/40 | 1,410,000 | 1,741,914 | |
Series A 5.00% 8/1/27 | 7,590,000 | 8,833,773 | |
Series A 5.00% 8/1/29 | 3,200,000 | 3,723,136 | |
Series A 5.00% 8/1/30 | 14,480,000 | 17,911,689 | |
Series A 5.00% 9/1/31 | 5,400,000 | 7,349,994 | |
Series A 5.00% 8/1/32 | 3,875,000 | 4,335,815 | |
Series A 5.00% 8/1/33 | 3,750,000 | 4,837,758 | |
Series A 5.00% 10/1/33 | 3,000,000 | 3,700,530 |
NQ-301 [11/21] 1/22 (1984255) 13
Schedule of investments
Delaware Tax-Free Minnesota Fund (Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
State General Obligation Bonds (continued) | |||
Minnesota | |||
(Various Purposes) | |||
Series A 5.00% 8/1/35 | 5,975,000 | $ 7,621,150 | |
Series A 5.00% 8/1/38 | 5,335,000 | 6,808,259 | |
Series A 5.00% 8/1/40 | 1,750,000 | 2,277,748 | |
Series A Unrefunded Balance 4.00% 8/1/27 | 955,000 | 977,939 | |
Series D 5.00% 8/1/26 | 6,000,000 | 7,215,600 | |
Series D 5.00% 8/1/27 | 2,525,000 | 3,032,676 | |
92,477,209 | |||
Transportation Revenue Bonds — 6.17% | |||
Minneapolis–St. Paul Metropolitan Airports Commission Revenue | |||
(Senior) | |||
Series A 5.00% 1/1/32 | 1,245,000 | 1,494,585 | |
Series C 5.00% 1/1/29 | 410,000 | 492,685 | |
Series C 5.00% 1/1/33 | 850,000 | 1,019,150 | |
Series C 5.00% 1/1/36 | 600,000 | 716,544 | |
Series C 5.00% 1/1/41 | 600,000 | 715,056 | |
Series C 5.00% 1/1/46 | 1,595,000 | 1,894,015 | |
(Subordinate) | |||
Series A 5.00% 1/1/35 | 1,000,000 | 1,090,370 | |
Series A 5.00% 1/1/44 | 3,000,000 | 3,707,220 | |
Series A 5.00% 1/1/49 | 5,000,000 | 6,142,150 | |
Series B 5.00% 1/1/26 | 575,000 | 577,197 | |
Series B 5.00% 1/1/27 | 1,160,000 | 1,164,431 | |
Series B 5.00% 1/1/28 | 2,750,000 | 2,760,395 | |
Series B 5.00% 1/1/29 | 120,000 | 120,449 | |
Series B 5.00% 1/1/30 | 1,675,000 | 1,681,231 | |
Series B 5.00% 1/1/31 | 1,750,000 | 1,756,510 | |
Series B 5.00% 1/1/44 (AMT) | 3,595,000 | 4,410,921 | |
Series B 5.00% 1/1/49 (AMT) | 6,150,000 | 7,501,216 | |
37,244,125 | |||
Water & Sewer Revenue Bonds — 2.87% | |||
Guam Government Waterworks Authority | |||
5.00% 7/1/40 | 1,930,000 | 2,234,612 | |
Metropolitan Council General Obligation Wastewater Revenue | |||
(Minneapolis-St. Paul Metropolitan Area) | |||
Series B 4.00% 9/1/27 | 2,400,000 | 2,466,168 | |
Series B 5.00% 9/1/25 | 2,000,000 | 2,070,060 | |
Series C 4.00% 3/1/31 | 3,120,000 | 3,600,105 | |
Series C 4.00% 3/1/32 | 3,225,000 | 3,714,168 |
14 NQ-301 [11/21] 1/22 (1984255)
(Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Water & Sewer Revenue Bonds (continued) | |||
Metropolitan Council General Obligation Wastewater Revenue | |||
(Minneapolis-St. Paul Metropolitan Area) | |||
Series E 5.00% 9/1/23 | 2,000,000 | $ 2,070,060 | |
Minnesota Public Facilities Authority | |||
Series B 4.00% 3/1/26 | 1,000,000 | 1,144,070 | |
17,299,243 | |||
Total Municipal Bonds (cost $564,745,921) | 597,418,277 | ||
Total Value of Securities—99.03% (cost $564,745,921) | 597,418,277 | ||
Receivables and Other Assets Net of Liabilities—0.97% | 5,867,519 | ||
Net Assets Applicable to 47,750,416 Shares Outstanding—100.00% | $603,285,796 |
° | 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, 2021, the aggregate value of Rule 144A securities was $14,656,976, which represents 2.43% 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. |
Summary of abbreviations: |
AGM – Insured by Assured Guaranty Municipal Corporation |
AMT – Subject to Alternative Minimum Tax |
LLC – Limited Liability Corporation |
NATL – Insured by National Public Finance Guarantee Corporation |
USD – US Dollar |
NQ-301 [11/21] 1/22 (1984255) 15