Schedule of investments
Delaware Small Cap Core Fund | August 31, 2020 (Unaudited) |
Number of shares | Value (US $) | ||
Common Stock — 98.72% | |||
Basic Materials — 8.08% | |||
Balchem | 414,066 | $40,454,248 | |
Boise Cascade | 1,697,468 | 77,744,034 | |
Coeur Mining † | 2,020,279 | 17,091,560 | |
Ferro † | 2,177,087 | 27,148,275 | |
Kaiser Aluminum | 645,250 | 41,476,670 | |
Minerals Technologies | 1,211,788 | 61,498,241 | |
Neenah | 975,138 | 43,179,111 | |
Quaker Chemical | 266,687 | 50,670,530 | |
Worthington Industries | 1,222,198 | 50,757,883 | |
410,020,552 | |||
Business Services — 5.16% | |||
ABM Industries | 1,386,152 | 52,867,837 | |
ASGN † | 783,805 | 56,253,685 | |
BrightView Holdings † | 2,092,195 | 25,692,155 | |
Casella Waste Systems Class A † | 706,136 | 39,649,536 | |
US Ecology | 1,047,768 | 38,903,626 | |
WillScot Mobile Mini Holdings † | 2,704,259 | 48,406,236 | |
261,773,075 | |||
Capital Goods — 11.08% | |||
Ameresco Class A † | 573,497 | 19,579,188 | |
Applied Industrial Technologies | 670,663 | 40,380,619 | |
Barnes Group | 617,245 | 24,442,902 | |
Belden | 732,928 | 24,685,015 | |
Columbus McKinnon | 1,239,752 | 45,095,979 | |
ESCO Technologies | 427,172 | 38,411,306 | |
Federal Signal | 1,917,776 | 61,598,965 | |
Kadant | 385,176 | 44,849,894 | |
KBR | 1,282,077 | 32,039,104 | |
MasTec † | 897,985 | 41,495,887 | |
MYR Group † | 1,370,877 | 53,203,736 | |
Rexnord | 1,604,723 | 46,472,778 | |
Tetra Tech | 716,182 | 66,110,760 | |
WESCO International † | 507,682 | 23,784,902 | |
562,151,035 | |||
Communications Services — 0.52% | |||
ATN International | 453,317 | 26,292,386 | |
26,292,386 | |||
Consumer Discretionary — 5.16% | |||
American Eagle Outfitters | 3,581,432 | 45,161,857 | |
BJ's Wholesale Club Holdings † | 1,326,086 | 58,891,479 |
NQ-480 [8/20] 10/20 (1353940) 1
Schedule of investments
Delaware Small Cap Core Fund (Unaudited)
Number of shares | Value (US $) | ||
Common Stock (continued) | |||
Consumer Discretionary (continued) | |||
Children's Place | 327,969 | $6,547,901 | |
Dick's Sporting Goods | 402,222 | 21,768,255 | |
Hibbett Sports † | 101,771 | 3,396,098 | |
Malibu Boats Class A † | 736,341 | 38,179,281 | |
Sonic Automotive Class A | 351,247 | 14,843,698 | |
Steven Madden | 2,550,786 | 53,974,632 | |
YETI Holdings † | 372,212 | 19,124,253 | |
261,887,454 | |||
Consumer Services — 2.78% | |||
Chuy's Holdings † | 558,832 | 12,428,424 | |
Jack in the Box | 378,024 | 31,145,397 | |
Texas Roadhouse | 852,786 | 53,716,990 | |
Wendy's | 2,095,991 | 43,890,052 | |
141,180,863 | |||
Consumer Staples — 1.80% | |||
J & J Snack Foods | 295,690 | 40,199,056 | |
Prestige Consumer Healthcare † | 1,406,829 | 51,250,780 | |
91,449,836 | |||
Credit Cyclicals — 2.45% | |||
Dana | 1,620,238 | 22,602,320 | |
KB Home | 1,353,775 | 48,410,994 | |
Taylor Morrison Home † | 2,043,868 | 48,092,214 | |
Tenneco Class A † | 630,171 | 5,123,290 | |
124,228,818 | |||
Energy — 0.56% | |||
Patterson-UTI Energy | 1,004,388 | 3,866,894 | |
PDC Energy † | 1,631,184 | 24,696,126 | |
28,563,020 | |||
Financials — 15.85% | |||
American Equity Investment Life Holding | 1,504,516 | 35,972,978 | |
Bryn Mawr Bank | 650,966 | 17,667,217 | |
City Holding | 457,048 | 29,241,931 | |
Enterprise Financial Services | 317,821 | 9,506,026 | |
Essent Group | 1,332,536 | 47,571,535 | |
First Bancorp | 1,026,272 | 20,987,262 | |
First Financial Bancorp | 1,963,245 | 26,935,721 | |
First Foundation | 475,908 | 7,229,042 | |
First Interstate BancSystem Class A | 1,095,702 | 35,939,026 | |
Great Western Bancorp | 1,001,219 | 13,946,981 | |
Hamilton Lane Class A | 521,842 | 38,151,869 |
2 NQ-480 [8/20] 10/20 (1353940)
(Unaudited)
Number of shares | Value (US $) | ||
Common Stock (continued) | |||
Financials (continued) | |||
Independent Bank | 604,613 | $37,999,927 | |
Independent Bank Group | 684,934 | 31,849,431 | |
Kemper | 257,406 | 19,990,150 | |
Lakeland Financial | 111,561 | 5,097,222 | |
NMI Holdings Class A † | 1,415,031 | 24,267,782 | |
Old National Bancorp | 2,832,084 | 39,592,534 | |
Pacific Premier Bancorp | 1,389,382 | 31,386,139 | |
Primerica | 119,341 | 14,899,724 | |
RLI | 284,924 | 26,723,022 | |
Selective Insurance Group | 780,691 | 46,693,129 | |
South State | 752,630 | 41,906,438 | |
Stifel Financial | 947,459 | 48,045,646 | |
Umpqua Holdings | 2,364,529 | 26,671,887 | |
United Community Banks | 1,810,588 | 32,807,855 | |
Valley National Bancorp | 3,921,158 | 29,447,897 | |
WesBanco | 1,301,835 | 28,926,774 | |
WSFS Financial | 1,194,105 | 34,987,276 | |
804,442,421 | |||
Healthcare — 17.48% | |||
Agios Pharmaceuticals † | 872,104 | 35,764,985 | |
Blueprint Medicines † | 470,477 | 36,429,034 | |
ChemoCentryx † | 552,598 | 29,563,993 | |
CONMED | 588,837 | 50,822,521 | |
CryoLife † | 1,596,512 | 32,281,473 | |
GenMark Diagnostics † | 1,518,362 | 19,693,155 | |
Halozyme Therapeutics † | 1,071,450 | 31,066,693 | |
Intercept Pharmaceuticals † | 541,234 | 26,996,752 | |
Ligand Pharmaceuticals † | 552,602 | 56,365,404 | |
Merit Medical Systems † | 1,162,860 | 57,096,426 | |
MyoKardia † | 128,920 | 14,109,005 | |
Natera † | 1,562,600 | 99,553,246 | |
NuVasive † | 827,912 | 43,159,053 | |
PTC Therapeutics † | 742,299 | 36,688,128 | |
Repligen † | 33,082 | 5,124,733 | |
Retrophin † | 2,519,680 | 49,360,531 | |
Shockwave Medical † | 444,273 | 28,229,106 | |
Spectrum Pharmaceuticals † | 2,564,613 | 10,797,021 | |
Supernus Pharmaceuticals † | 1,386,947 | 30,498,965 | |
Tabula Rasa HealthCare † | 934,728 | 47,297,237 | |
TransMedics Group † | 420,941 | 7,505,378 | |
Ultragenyx Pharmaceutical † | 935,125 | 79,541,732 |
NQ-480 [8/20] 10/20 (1353940) 3
Schedule of investments
Delaware Small Cap Core Fund (Unaudited)
Number of shares | Value (US $) | ||
Common Stock (continued) | |||
Healthcare (continued) | |||
Vanda Pharmaceuticals † | 2,580,920 | $26,557,667 | |
Wright Medical Group † | 1,073,184 | 32,442,352 | |
886,944,590 | |||
Information Technology — 14.16% | |||
Bandwidth Class A † | 154,760 | 24,371,605 | |
Blackbaud | 294,062 | 18,775,859 | |
Box Class A † | 757,254 | 14,864,896 | |
Brooks Automation | 1,170,523 | 60,434,102 | |
ExlService Holdings † | 802,147 | 51,088,742 | |
II-VI † | 1,119,014 | 49,796,123 | |
J2 Global † | 816,107 | 57,119,329 | |
MACOM Technology Solutions Holdings † | 304,457 | 10,847,803 | |
MaxLinear † | 1,741,620 | 42,408,447 | |
Mimecast † | 681,574 | 33,560,704 | |
NETGEAR † | 829,869 | 27,676,131 | |
Plantronics | 363,324 | 4,490,685 | |
Q2 Holdings † | 745,971 | 72,575,518 | |
Rapid7 † | 1,079,175 | 69,682,330 | |
Semtech † | 886,530 | 51,994,984 | |
Silicon Laboratories † | 369,541 | 37,844,694 | |
WNS Holdings ADR † | 875,392 | 58,082,259 | |
Yelp † | 1,423,423 | 32,909,540 | |
718,523,751 | |||
Media — 0.39% | |||
Nexstar Media Group Class A | 208,059 | 19,975,745 | |
19,975,745 | |||
Real Estate Investment Trusts — 6.12% | |||
American Assets Trust REIT | 982,678 | 25,107,423 | |
Armada Hoffler Properties REIT | 2,158,892 | 21,804,809 | |
Cousins Properties | 542,777 | 16,201,893 | |
EastGroup Properties REIT | 436,519 | 58,126,870 | |
First Industrial Realty Trust REIT | 652,468 | 27,827,760 | |
Kite Realty Group Trust | 1,979,900 | 22,254,076 | |
Lexington Realty Trust | 3,109,602 | 35,356,175 | |
National Storage Affiliates Trust REIT | 576,758 | 19,788,567 | |
Pebblebrook Hotel Trust | 1,297,737 | 16,377,441 | |
Physicians Realty Trust REIT | 2,834,617 | 51,448,299 | |
RPT Realty | 2,740,730 | 16,060,678 | |
310,353,991 |
4 NQ-480 [8/20] 10/20 (1353940)
(Unaudited)
Number of shares | Value (US $) | ||
Common Stock (continued) | |||
Technology — 1.30% | |||
Blackline † | 251,627 | $21,984,651 | |
Limelight Networks † | 2,482,736 | 14,077,113 | |
Varonis Systems † | 240,003 | 29,647,571 | |
65,709,335 | |||
Transportation — 1.86% | |||
Hub Group Class A † | 919,498 | 49,505,772 | |
Werner Enterprises | 979,947 | 45,087,362 | |
94,593,134 | |||
Utilities — 3.97% | |||
Black Hills | 613,282 | 34,392,855 | |
NorthWestern | 1,018,579 | 52,599,419 | |
South Jersey Industries | 2,590,932 | 57,389,144 | |
Spire | 976,772 | 56,857,898 | |
201,239,316 | |||
Total Common Stock (cost $4,904,663,297) | 5,009,329,322 | ||
Short-Term Investments — 1.17% | |||
Money Market Mutual Funds — 1.17% | |||
BlackRock FedFund – Institutional Shares (seven-day effective yield 0.01%) | 14,850,541 | 14,850,541 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 0.01%) | 14,850,541 | 14,850,541 | |
GS Financial Square Government Fund – Institutional Shares (seven-day effective yield 0.02%) | 14,850,541 | 14,850,541 | |
Morgan Stanley Government Portfolio – Institutional Share Class (seven-day effective yield 0.00%) | 14,850,541 | 14,850,541 | |
Total Short-Term Investments (cost $59,402,164) | 59,402,164 | ||
Total Value of Securities—99.89% (cost $4,964,065,461) | 5,068,731,486 | ||
Receivables and Other Assets Net of Liabilities—0.11% | 5,749,926 | ||
Net Assets Applicable to 229,806,031 Shares Outstanding—100.00% | $5,074,481,412 |
† | Non-income producing security. |
Summary of abbreviations: |
ADR – American Depositary Receipt |
GS – Goldman Sachs |
NQ-480 [8/20] 10/20 (1353940) 5
Schedule of investments
Delaware Small Cap Core Fund (Unaudited)
Summary of abbreviations: (continued) |
REIT – Real Estate Investment Trust |
6 NQ-480 [8/20] 10/20 (1353940)