Schedule of investments
Delaware Small Cap Value Fund | August 31, 2020 (Unaudited) |
Number of shares | Value (US $) | ||
Common Stock — 97.51%♦ | |||
Basic Industry — 7.85% | |||
Arconic † | 1,093,824 | $24,337,584 | |
Ashland Global Holdings | 398,300 | 29,350,727 | |
Berry Global Group † | 1,834,410 | 94,545,491 | |
HB Fuller | 1,154,000 | 55,588,180 | |
Huntsman | 1,558,100 | 33,686,122 | |
Louisiana-Pacific | 2,419,800 | 79,708,212 | |
317,216,316 | |||
Business Services — 1.62% | |||
Deluxe | 470,200 | 13,353,680 | |
PAE † | 1,147,100 | 10,134,628 | |
WESCO International † | 897,600 | 42,052,560 | |
65,540,868 | |||
Capital Spending — 9.04% | |||
Altra Industrial Motion | 1,743,343 | 68,077,544 | |
Atkore International Group † | 1,249,200 | 33,391,116 | |
H&E Equipment Services | 929,700 | 18,835,722 | |
ITT | 1,521,500 | 95,565,415 | |
MasTec † | 1,935,259 | 89,428,319 | |
Primoris Services | 1,246,500 | 23,758,290 | |
Rexnord | 1,259,200 | 36,466,432 | |
365,522,838 | |||
Consumer Cyclical — 4.39% | |||
Barnes Group | 878,300 | 34,780,680 | |
KB Home | 1,305,300 | 46,677,528 | |
Knoll | 1,695,669 | 21,823,260 | |
Meritage Homes † | 615,400 | 59,096,862 | |
Standard Motor Products | 328,340 | 14,919,770 | |
177,298,100 | |||
Consumer Services — 9.58% | |||
Aaron's | 464,965 | 25,986,894 | |
Acushnet Holdings | 594,300 | 20,972,847 | |
Asbury Automotive Group † | 356,700 | 37,735,293 | |
Cable One | 20,380 | 37,505,925 | |
Choice Hotels International | 520,000 | 51,630,800 | |
Cracker Barrel Old Country Store | 329,500 | 44,057,445 | |
Steven Madden | 1,230,525 | 26,037,909 | |
TEGNA | 2,484,400 | 31,104,688 | |
Texas Roadhouse | 501,500 | 31,589,485 |
NQ-021 [8/20] 10/20 (1353888) 1
Schedule of investments
Delaware Small Cap Value Fund (Unaudited)
Number of shares | Value (US $) | ||
Common Stock♦ (continued) | |||
Consumer Services (continued) | |||
UniFirst | 258,200 | $49,734,484 | |
Wolverine World Wide | 1,241,041 | 31,001,204 | |
387,356,974 | |||
Consumer Staples — 4.07% | |||
Core-Mark Holding | 875,000 | 29,242,500 | |
J & J Snack Foods | 304,900 | 41,451,155 | |
Performance Food Group † | 747,754 | 27,300,499 | |
Scotts Miracle-Gro | 206,500 | 34,801,445 | |
Spectrum Brands Holdings | 533,850 | 31,817,460 | |
164,613,059 | |||
Energy — 3.26% | |||
CNX Resources † | 3,451,600 | 37,829,536 | |
Delek US Holdings | 1,280,300 | 20,139,119 | |
Dril-Quip † | 608,900 | 20,172,857 | |
Helix Energy Solutions Group † | 3,550,500 | 12,710,790 | |
Patterson-UTI Energy | 3,115,500 | 11,994,675 | |
WPX Energy † | 5,219,400 | 29,019,864 | |
131,866,841 | |||
Financial Services — 25.07% | |||
American Equity Investment Life Holding | 2,421,800 | 57,905,238 | |
Bank of NT Butterfield & Son | 1,047,100 | 26,386,920 | |
East West Bancorp | 2,931,123 | 107,806,704 | |
First Financial Bancorp | 2,452,400 | 33,646,928 | |
First Hawaiian | 1,826,900 | 30,198,657 | |
First Interstate BancSystem Class A | 1,029,400 | 33,764,320 | |
First Midwest Bancorp | 2,737,000 | 34,103,020 | |
FNB | 6,899,300 | 51,744,750 | |
Great Western Bancorp | 2,070,550 | 28,842,762 | |
Hancock Whitney | 2,529,600 | 50,617,296 | |
Hanover Insurance Group | 585,500 | 60,007,895 | |
Kemper | 530,600 | 41,206,396 | |
NBT Bancorp | 661,124 | 20,144,448 | |
Prosperity Bancshares | 658,700 | 35,912,324 | |
S&T Bancorp | 794,456 | 16,044,039 | |
Sandy Spring Bancorp | 605,700 | 14,488,344 | |
Selective Insurance Group | 1,113,706 | 66,610,756 | |
Stifel Financial | 1,462,200 | 74,148,162 | |
Umpqua Holdings | 4,707,000 | 53,094,960 | |
Valley National Bancorp | 5,617,889 | 42,190,346 | |
Webster Financial | 2,142,000 | 58,905,000 |
2 NQ-021 [8/20] 10/20 (1353888)
(Unaudited)
Number of shares | Value (US $) | ||
Common Stock♦ (continued) | |||
Financial Services (continued) | |||
WesBanco | 1,077,200 | $23,935,384 | |
Western Alliance Bancorp | 1,455,100 | 51,365,030 | |
1,013,069,679 | |||
Healthcare — 3.82% | |||
Avanos Medical † | 1,036,200 | 33,572,880 | |
Catalent † | 295,500 | 27,333,750 | |
Integer Holdings † | 473,424 | 32,789,346 | |
Integra LifeSciences Holdings † | 654,900 | 31,297,671 | |
Service Corp. International | 641,300 | 29,275,345 | |
154,268,992 | |||
Real Estate Investment Trusts — 9.25% | |||
Brandywine Realty Trust | 4,020,537 | 44,748,577 | |
Independence Realty Trust | 1,711,100 | 20,036,981 | |
Kite Realty Group Trust | 1,224,473 | 13,763,076 | |
Lexington Realty Trust | 4,522,900 | 51,425,373 | |
Life Storage | 466,500 | 49,183,095 | |
National Health Investors | 507,800 | 31,610,550 | |
Outfront Media | 2,957,700 | 50,073,861 | |
RPT Realty | 2,510,289 | 14,710,294 | |
Spirit Realty Capital | 1,287,600 | 45,722,676 | |
STAG Industrial | 768,581 | 24,825,166 | |
Summit Hotel Properties | 2,966,400 | 17,472,096 | |
Washington Real Estate Investment Trust | 466,323 | 10,231,127 | |
373,802,872 | |||
Technology — 11.39% | |||
Cirrus Logic † | 635,600 | 38,511,004 | |
Coherent † | 224,800 | 25,325,968 | |
Diodes † | 434,000 | 21,205,240 | |
Flex † | 4,828,169 | 52,433,915 | |
NCR † | 563,007 | 11,507,863 | |
NetScout Systems † | 1,131,006 | 26,171,479 | |
ON Semiconductor † | 2,129,600 | 45,509,552 | |
SYNNEX | 294,700 | 37,471,105 | |
Teradyne | 806,700 | 68,545,299 | |
Tower Semiconductor † | 2,026,700 | 39,439,582 | |
TTM Technologies † | 3,304,202 | 37,866,155 | |
Viavi Solutions † | 3,011,000 | 40,151,685 | |
Vishay Intertechnology | 1,000,500 | 15,997,995 | |
460,136,842 |
NQ-021 [8/20] 10/20 (1353888) 3
Schedule of investments
Delaware Small Cap Value Fund (Unaudited)
Number of shares | Value (US $) | ||
Common Stock♦ (continued) | |||
Transportation — 3.62% | |||
Kirby † | 681,300 | $28,914,372 | |
Saia † | 318,850 | 42,789,670 | |
SkyWest | 524,400 | 17,646,060 | |
Werner Enterprises | 1,238,500 | 56,983,385 | |
146,333,487 | |||
Utilities — 4.55% | |||
ALLETE | 561,200 | 30,282,352 | |
Black Hills | 785,500 | 44,050,840 | |
PNM Resources | 977,000 | 42,675,360 | |
South Jersey Industries | 1,007,400 | 22,313,910 | |
Southwest Gas Holdings | 709,600 | 44,612,552 | |
183,935,014 | |||
Total Common Stock (cost $3,537,399,682) | 3,940,961,882 | ||
Short-Term Investments — 2.38% | |||
Money Market Mutual Funds — 2.38% | |||
BlackRock FedFund – Institutional Shares (seven-day effective yield 0.01%) | 24,027,243 | 24,027,243 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 0.01%) | 24,027,243 | 24,027,243 | |
GS Financial Square Government Fund – Institutional Shares (seven-day effective yield 0.02%) | 24,027,243 | 24,027,243 | |
Morgan Stanley Government Portfolio – Institutional Share Class (seven-day effective yield 0.00%) | 24,027,243 | 24,027,243 | |
Total Short-Term Investments (cost $96,108,972) | 96,108,972 | ||
Total Value of Securities—99.89% (cost $3,633,508,654) | 4,037,070,854 | ||
Receivables and Other Assets Net of Liabilities—0.11% | 4,434,905 | ||
Net Assets Applicable to 79,585,294 Shares Outstanding—100.00% | $4,041,505,759 |
♦ | 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 |
4 NQ-021 [8/20] 10/20 (1353888)