Schedule of investments
Delaware Growth Equity Fund
December 31, 2020 (Unaudited)
Number of shares | Value (US $) | ||
Common Stock — 98.93%♦ | |||
Communication Services — 6.46% | |||
Alphabet Class A † | 11,800 | $20,681,152 | |
Facebook Class A † | 72,460 | 19,793,174 | |
40,474,326 | |||
Consumer Discretionary — 16.71% | |||
Amazon.com † | 7,950 | 25,892,593 | |
AutoZone † | 10,240 | 12,138,906 | |
Deckers Outdoor † | 74,050 | 21,236,059 | |
Lowe's | 87,560 | 14,054,256 | |
Target | 94,091 | 16,609,884 | |
Tempur Sealy International † | 550,600 | 14,866,200 | |
104,797,898 | |||
Consumer Staples — 4.89% | |||
Procter & Gamble | 85,092 | 11,839,701 | |
TreeHouse Foods † | 151,500 | 6,437,235 | |
Walmart | 86,102 | 12,411,603 | |
30,688,539 | |||
Financials — 6.63% | |||
Allstate | 129,330 | 14,217,247 | |
Ameriprise Financial | 71,720 | 13,937,347 | |
JPMorgan Chase & Co. | 105,570 | 13,414,780 | |
41,569,374 | |||
Healthcare — 13.18% | |||
AbbVie | 122,180 | 13,091,587 | |
Eli Lilly and Co. | 105,262 | 17,772,436 | |
Hologic † | 219,580 | 15,992,012 | |
Horizon Therapeutics † | 178,960 | 13,090,924 | |
Merck & Co. | 124,410 | 10,176,738 | |
Thermo Fisher Scientific | 26,830 | 12,496,877 | |
82,620,574 | |||
Industrials — 9.92% | |||
Dover | 118,880 | 15,008,600 | |
EMCOR Group | 140,900 | 12,886,714 | |
Parker-Hannifin | 72,800 | 19,831,448 | |
Rockwell Automation | 57,740 | 14,481,769 | |
62,208,531 | |||
Materials — 1.14% | |||
International Paper | 143,730 | 7,146,256 | |
7,146,256 | |||
Technology — 40.00% | |||
Adobe † | 42,900 | 21,455,148 | |
Apple | 273,878 | 36,340,872 | |
Arrow Electronics † | 119,690 | 11,645,837 | |
Cadence Design Systems † | 218,920 | 29,867,255 | |
EPAM Systems † | 55,663 | 19,946,836 | |
Fortinet † | 118,840 | 17,651,305 |
Number of shares | Value (US $) | ||
Common Stock♦ (continued) | |||
Technology (continued) | |||
II-VI † | 204,970 | $15,569,521 | |
Microsoft | 122,240 | 27,188,621 | |
NVIDIA | 34,540 | 18,036,788 | |
PayPal Holdings † | 127,190 | 29,787,898 | |
Zebra Technologies Class A † | 60,557 | 23,273,872 | |
250,763,953 | |||
Total Common Stock (cost $381,207,385) | 620,269,451 | ||
Short-Term Investments — 1.19% | |||
Money Market Mutual Funds — 1.19% | |||
BlackRock FedFund – Institutional Shares (seven-day effective yield 0.00%) | 1,861,360 | 1,861,360 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 0.01%) | 1,861,362 | 1,861,362 | |
GS Financial Square Government Fund – Institutional Shares (seven-day effective yield 0.02%) | 1,861,362 | 1,861,362 | |
Morgan Stanley Government Portfolio – Institutional Share Class (seven-day effective yield 0.00%) | 1,861,362 | 1,861,362 | |
Total Short-Term Investments (cost $7,445,446) | 7,445,446 | ||
Total Value of Securities—100.12% (cost $388,652,831) | 627,714,897 | ||
Liabilities Net of Receivables and Other Assets—(0.12%) | (760,193) | ||
Net Assets Applicable to 44,077,706 Shares Outstanding—100.00% | $626,954,704 |
♦ | Narrow industries are utilized for compliance purposes for diversification whereas broad sectors are used for financial reporting. |
† | Non-income producing security. |
Summary of abbreviations: |
GS – Goldman Sachs |
NQ-QGV [12/20] 2/21 (1511361) 1