Schedule of investments
Delaware International Opportunities Bond Fund
December 31, 2020 (Unaudited)
Principal amount° | Value (US $) | ||
Corporate Bonds — 9.10% | |||
Banking — 7.73% | |||
Development Bank of Japan 0.235% 10/13/27 | JPY | 100,000,000 | $975,973 |
Kreditanstalt Fuer Wiederaufbau 0.00% 12/15/22 | EUR | 830,000 | 1,027,208 |
2,003,181 | |||
Electric — 1.37% | |||
Israel Electric 144A 5.00% 11/12/24 # | 315,000 | 356,645 | |
356,645 | |||
Total Corporate Bonds (cost $2,212,517) | 2,359,826 | ||
Sovereign Bonds — 67.77%Δ | |||
Australia — 4.86% | |||
Australia Government Bonds | |||
2.25% 11/21/22 | AUD | 350,000 | 280,879 |
2.75% 11/21/29 | AUD | 785,000 | 703,154 |
3.00% 3/21/47 | AUD | 290,000 | 275,619 |
1,259,652 | |||
Austria — 1.17% | |||
Republic of Austria Government Bond 144A 1.50% 2/20/47 # | EUR | 180,000 | 304,342 |
304,342 | |||
Belgium — 2.60% | |||
Kingdom of Belgium Government Bonds | |||
144A 1.45% 6/22/37 # | EUR | 320,000 | 485,794 |
144A 4.25% 3/28/41 # | EUR | 85,000 | 189,314 |
675,108 | |||
Denmark — 0.84% | |||
Denmark Government Bond 0.50% 11/15/27 | DKK | 1,235,000 | 217,325 |
217,325 | |||
Finland — 0.42% | |||
Finland Government Bond 144A 1.375% 4/15/47 # | EUR | 65,000 | 108,952 |
108,952 | |||
France — 7.40% | |||
French Republic Government Bond OAT 144A 1.25% 5/25/36 # | EUR | 1,305,000 | 1,918,537 |
1,918,537 |
Principal amount° | Value (US $) | ||
Sovereign BondsΔ (continued) | |||
Germany — 4.36% | |||
Bundesrepublik Deutschland Bundesanleihe | |||
0.00% 8/15/29 | EUR | 105,000 | $135,443 |
0.00% 8/15/50 | EUR | 300,000 | 384,769 |
0.50% 2/15/25 | EUR | 210,000 | 270,114 |
Deutsche Bundesrepublik Inflation Linked Bond 0.50% 4/15/30 | EUR | 232,368 | 341,114 |
1,131,440 | |||
Ireland — 0.55% | |||
Ireland Government Bond 1.35% 3/18/31 | EUR | 100,000 | 143,266 |
143,266 | |||
Italy — 4.48% | |||
Italy Buoni Poliennali Del Tesoro | |||
3.00% 8/1/29 | EUR | 125,000 | 186,470 |
144A 3.85% 9/1/49 # | EUR | 505,000 | 975,380 |
1,161,850 | |||
Japan — 11.52% | |||
Japan Finance 0.911% 7/19/23 | JPY | 94,900,000 | 940,562 |
Japan Government Thirty Year Bond 0.40% 9/20/49 | JPY | 135,850,000 | 1,239,525 |
Tokyo Metropolitan Government 0.475% 9/19/25 | JPY | 81,500,000 | 806,576 |
2,986,663 | |||
Mexico — 3.18% | |||
Mexican Bonos | |||
8.00% 9/5/24 | MXN | 5,000,000 | 281,110 |
8.00% 11/7/47 | MXN | 4,500,000 | 267,105 |
8.50% 5/31/29 | MXN | 4,500,000 | 275,864 |
824,079 | |||
Netherlands — 2.31% | |||
Netherlands Government Bonds | |||
144A 0.25% 7/15/29 # | EUR | 290,000 | 379,235 |
144A 2.75% 1/15/47 # | EUR | 100,000 | 218,538 |
597,773 | |||
New Zealand — 4.23% | |||
New Zealand Government Bonds | |||
3.00% 4/20/29 | NZD | 445,000 | 376,377 |
6.00% 5/15/21 | NZD | 980,000 | 719,781 |
1,096,158 |
NQ-QTV [12/20] 2/21 (1511929) 1
Schedule of investments
Delaware International Opportunities Bond Fund (Unaudited)
Principal amount° | Value (US $) | ||
Sovereign BondsΔ (continued) | |||
Poland — 2.57% | |||
Republic of Poland Government Bond 3.25% 7/25/25 | PLN | 2,200,000 | $665,081 |
665,081 | |||
Portugal — 0.89% | |||
Portugal Obrigacoes do Tesouro 144A 2.25% 4/18/34 # | EUR | 150,000 | 230,974 |
230,974 | |||
Spain — 6.34% | |||
Spain Government Bonds | |||
144A 0.60% 10/31/29 # | EUR | 530,000 | 685,918 |
144A 1.25% 10/31/30 # | EUR | 300,000 | 409,804 |
144A 2.70% 10/31/48 # | EUR | 305,000 | 548,126 |
1,643,848 | |||
United Kingdom — 10.05% | |||
United Kingdom Gilt | |||
0.625% 10/22/50 | GBP | 110,000 | 145,751 |
0.875% 10/22/29 | GBP | 910,000 | 1,324,043 |
1.75% 1/22/49 | GBP | 660,000 | 1,136,112 |
2,605,906 | |||
Total Sovereign Bonds (cost $15,855,997) | 17,570,954 | ||
Supranational Banks — 6.87% | |||
European Investment Bank | |||
0.375% 5/15/26 | EUR | 605,000 | 778,620 |
0.875% 1/30/25 | SEK | 2,000,000 | 250,707 |
International Bank for Reconstruction and Development 0.50% 6/21/35 | EUR | 570,000 | 750,337 |
Total Supranational Banks (cost $1,574,007) | 1,779,664 | ||
Principal amount° | Value (US $) | ||
Regional Bonds — 14.46%Δ | |||
Japan Finance Organization For Municipalities 0.205% 5/28/27 | JPY | 100,000,000 | $975,187 |
Province of Alberta Canada 2.20% 6/1/26 | CAD | 1,120,000 | 942,977 |
Province of British Columbia Canada 2.20% 6/18/30 | CAD | 1,025,000 | 876,384 |
Province of Quebec Canada 2.30% 9/1/29 | CAD | 1,110,000 | 955,198 |
Total Regional Bonds (cost $3,437,834) | 3,749,746 | ||
Total Value of Securities—98.20% (cost $23,080,355) | 25,460,190 | ||
Receivables and Other Assets Net of Liabilities—1.80% | 467,263 | ||
Net Assets Applicable to 2,877,045 Shares Outstanding—100.00% | $25,927,453 |
° | 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 December 31, 2020, the aggregate value of Rule 144A securities was $6,811,559, which represents 26.27% of the Fund's net assets. |
Δ | Securities have been classified by country of origin. |
The following foreign currency exchange contracts and future contracts were outstanding at December 31, 2020:
Foreign Currency Exchange Contracts | ||||||||||||
Counterparty | Currency to Receive (Deliver) | In Exchange For | Settlement Date | Unrealized Appreciation | Unrealized Depreciation | |||||||
JPMCB | JPY | 339,923,167 | USD | (3,223,872) | 1/15/21 | $68,844 | $— | |||||
JPMCB | KRW | 891,780,000 | USD | (782,778) | 1/15/21 | 36,931 | — | |||||
TD | AUD | (639,936) | USD | 451,066 | 1/15/21 | — | (42,386) | |||||
TD | CAD | (2,652,072) | USD | 2,012,064 | 1/15/21 | — | (71,579) | |||||
TD | EUR | 1,104,809 | USD | (1,315,111) | 1/15/21 | 35,108 | — | |||||
TD | GBP | 195,000 | USD | (252,962) | 1/15/21 | 13,736 | — | |||||
TD | NZD | (1,400,289) | USD | 933,028 | 1/15/21 | — | (74,590) | |||||
Total Foreign Currency Exchange Contracts | $154,619 | $(188,555) |
2 NQ-QTV [12/20] 2/21 (1511929)
(Unaudited)
Futures Contracts Exchange-Traded | |||||||||||
Contracts to Buy (Sell) | Notional Amount | Notional Cost (Proceeds) | Expiration Date | Value/ Unrealized Depreciation | Variation Margin Due from (Due to) Brokers | ||||||
1 | JPN 10 yr Bond | $1,472,375 | $1,471,309 | 3/15/21 | $(1,066) | $— | |||||
(25) | Euro-BOBL | (4,123,626) | (4,128,566) | 3/8/21 | (4,940) | 30 | |||||
(15) | CAN 10 yr Bond | (1,753,323) | (1,757,012) | 3/22/21 | (3,689) | (3,535) | |||||
Total Futures Contracts | $(4,414,269) | $(9,695) | $(3,505) |
The use of foreign currency exchange contracts and futures contracts involves elements of market risk and risks in excess of the amounts disclosed in these financial statements. The foreign currency exchange contracts and notional amounts presented above represent the Fund's total exposure in such contracts, whereas only the net unrealized appreciation (depreciation) and variation margin are reflected in the Fund's net assets.
Summary of abbreviations: |
BOBL – Bundesobligationen |
JPMCB – JPMorgan Chase Bank |
OAT – Obligations Assimilables du Tresor |
TD – TD Bank |
yr – Year |
Summary of currencies: |
AUD – Australian Dollar |
CAD – Canadian Dollar |
DKK – Danish Krone |
Summary of currencies: (continued) |
EUR – European Monetary Unit |
GBP – British Pound Sterling |
JPY – Japanese Yen |
KRW – South Korean Won |
MXN – Mexican Peso |
NZD – New Zealand Dollar |
PLN – Polish Zloty |
SEK – Swedish Krona |
USD – US Dollar |
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