Schedule of investments
Delaware Wealth Builder Fund | August 31, 2020 (Unaudited) |
Number of shares | Value (US $) | ||
Common Stock — 51.79% | |||
Communication Services — 5.52% | |||
AT&T | 166,500 | $4,963,365 | |
Century Communications † | 1,625,000 | 0 | |
Comcast Class A | 122,003 | 5,466,955 | |
KDDI | 23,600 | 685,841 | |
Orange | 44,240 | 492,566 | |
Verizon Communications | 87,800 | 5,203,906 | |
Walt Disney | 40,866 | 5,388,999 | |
22,201,632 | |||
Consumer Discretionary — 3.21% | |||
adidas AG † | 1,920 | 583,348 | |
Dollar Tree † | 52,500 | 5,054,175 | |
Hennes & Mauritz Class B | 20,220 | 322,359 | |
Lowe's | 31,200 | 5,138,328 | |
Next | 3,730 | 298,873 | |
Publicis Groupe | 18,555 | 650,328 | |
Sodexo | 6,520 | 466,527 | |
Swatch Group | 1,840 | 388,783 | |
12,902,721 | |||
Consumer Staples — 5.59% | |||
Archer-Daniels-Midland | 121,100 | 5,420,436 | |
Asahi Group Holdings † | 11,900 | 417,171 | |
Conagra Brands | 141,900 | 5,443,284 | |
Danone | 13,620 | 895,564 | |
Diageo | 19,530 | 655,148 | |
Kao † | 3,700 | 281,880 | |
Kerry Group Class A | 1,980 | 259,912 | |
Kirin Holdings | 10,000 | 196,856 | |
Koninklijke Ahold Delhaize | 41,230 | 1,240,870 | |
Lawson | 6,800 | 335,779 | |
Mondelez International Class A | 94,600 | 5,526,532 | |
Nestle | 9,070 | 1,089,263 | |
Seven & i Holdings | 22,800 | 739,011 | |
22,501,706 | |||
Energy — 1.17% | |||
ConocoPhillips | 124,261 | 4,708,249 | |
4,708,249 | |||
Financials — 6.22% | |||
Allstate | 50,300 | 4,677,900 | |
American International Group | 164,000 | 4,778,960 | |
Banco Espirito Santo † | 105,000 | 0 |
NQ-129 [8/20] 10/20 (1354006) 1
Schedule of investments
Delaware Wealth Builder Fund (Unaudited)
Number of shares | Value (US $) | ||
Common Stock (continued) | |||
Financials (continued) | |||
Bank of New York Mellon | 139,300 | $5,151,314 | |
Marsh & McLennan | 45,200 | 5,193,932 | |
Truist Financial | 134,800 | 5,231,588 | |
25,033,694 | |||
Healthcare — 9.38% | |||
Abbott Laboratories | 36,050 | 3,946,393 | |
Brookdale Senior Living † | 23,966 | 65,907 | |
Cardinal Health | 93,000 | 4,720,680 | |
Cigna | 27,500 | 4,877,675 | |
CVS Health | 83,400 | 5,180,808 | |
Fresenius Medical Care AG & Co. | 11,630 | 986,218 | |
Johnson & Johnson | 33,700 | 5,169,917 | |
Merck & Co. | 62,400 | 5,320,848 | |
Novo Nordisk Class B | 16,410 | 1,086,914 | |
Pfizer | 138,338 | 5,227,793 | |
Roche Holding | 3,280 | 1,145,524 | |
37,728,677 | |||
Industrials — 4.46% | |||
Caterpillar | 38,693 | 5,506,401 | |
G4S † | 286,610 | 552,471 | |
Makita | 10,900 | 504,272 | |
Northrop Grumman | 15,400 | 5,276,194 | |
Raytheon Technologies | 86,379 | 5,269,119 | |
Secom | 2,700 | 255,559 | |
Securitas Class B † | 39,490 | 562,003 | |
17,926,019 | |||
Information Technology — 6.72% | |||
Broadcom | 16,000 | 5,554,400 | |
Cisco Systems | 115,000 | 4,855,300 | |
Cognizant Technology Solutions Class A | 78,632 | 5,257,335 | |
Intel | 91,900 | 4,682,305 | |
Motorola Solutions | 9,213 | 1,425,712 | |
Oracle | 91,500 | 5,235,630 | |
27,010,682 | |||
Materials — 1.59% | |||
Air Liquide | 6,820 | 1,131,679 | |
DuPont de Nemours | 94,300 | 5,258,168 | |
6,389,847 |
2 NQ-129 [8/20] 10/20 (1354006)
(Unaudited)
Number of shares | Value (US $) | ||
Common Stock (continued) | |||
Real Estate Operating/Development — 0.31% | |||
Grainger | 154,824 | $646,880 | |
Postal Realty Trust Class A | 40,481 | 615,311 | |
1,262,191 | |||
REIT Diversified — 1.59% | |||
Alpine Income Property Trust | 37,286 | 541,020 | |
American Tower | 2,139 | 532,932 | |
Colony Capital | 72,359 | 196,093 | |
Cousins Properties | 13,407 | 400,199 | |
Digital Realty Trust | 3,938 | 612,950 | |
Equinix | 1,921 | 1,517,167 | |
Gaming and Leisure Properties | 15,130 | 549,976 | |
Lexington Realty Trust | 36,989 | 420,565 | |
QTS Realty Trust Class A | 7,671 | 520,247 | |
SBA Communications | 1,878 | 574,799 | |
VICI Properties | 22,944 | 512,569 | |
6,378,517 | |||
REIT Healthcare — 0.57% | |||
Assura | 570,156 | 617,346 | |
Healthcare Realty Trust | 11,704 | 337,661 | |
Healthcare Trust of America Class A | 14,882 | 392,736 | |
Welltower | 16,231 | 933,607 | |
2,281,350 | |||
REIT Hotel — 0.07% | |||
MGM Growth Properties Class A | 10,348 | 290,468 | |
290,468 | |||
REIT Industrial — 0.59% | |||
Americold Realty Trust | 20,306 | 778,735 | |
Prologis | 15,646 | 1,593,702 | |
2,372,437 | |||
REIT Mall — 0.21% | |||
Simon Property Group | 12,183 | 826,616 | |
826,616 | |||
REIT Manufactured Housing — 0.16% | |||
Sun Communities | 4,220 | 629,118 | |
629,118 | |||
REIT Multifamily — 2.01% | |||
Apartment Investment and Management Class A | 10,433 | 375,901 | |
AvalonBay Communities | 3,726 | 588,932 | |
Bluerock Residential Growth REIT | 28,226 | 209,155 |
NQ-129 [8/20] 10/20 (1354006) 3
Schedule of investments
Delaware Wealth Builder Fund (Unaudited)
Number of shares | Value (US $) | ||
Common Stock (continued) | |||
REIT Multifamily (continued) | |||
Camden Property Trust | 8,943 | $813,276 | |
Equity Residential | 85,910 | 4,849,619 | |
NexPoint Residential Trust | 16,521 | 683,969 | |
UDR | 16,343 | 568,900 | |
8,089,752 | |||
REIT Office — 0.42% | |||
Alexandria Real Estate Equities | 1,132 | 190,606 | |
Boston Properties | 6,918 | 600,967 | |
Highwoods Properties | 9,097 | 338,954 | |
Piedmont Office Realty Trust Class A | 16,522 | 252,952 | |
SL Green Realty | 6,832 | 319,464 | |
1,702,943 | |||
REIT Self-Storage — 0.29% | |||
Extra Space Storage | 8,057 | 858,473 | |
Public Storage | 1,438 | 305,431 | |
1,163,904 | |||
REIT Shopping Center — 0.23% | |||
Brixmor Property Group | 9,099 | 107,368 | |
Kimco Realty | 22,585 | 270,794 | |
Regency Centers | 5,355 | 212,647 | |
SITE Centers | 20,737 | 155,735 | |
Weingarten Realty Investors | 9,915 | 173,215 | |
919,759 | |||
REIT Single Tenant — 0.19% | |||
Agree Realty | 3,207 | 214,612 | |
Realty Income | 3,193 | 198,062 | |
Spirit Realty Capital | 9,815 | 348,531 | |
761,205 | |||
REIT Specialty — 0.19% | |||
Invitation Homes | 26,786 | 766,883 | |
766,883 | |||
Utilities — 1.10% | |||
Edison International | 84,400 | 4,429,312 | |
4,429,312 | |||
Total Common Stock (cost $204,451,892) | 208,277,682 |
4 NQ-129 [8/20] 10/20 (1354006)
(Unaudited)
Principal amount | Value (US $) | ||
Agency Mortgage-Backed Securities — 0.60% | |||
Fannie Mae S.F. 30 yr | |||
3.00% 11/1/48 | 23,274 | $24,629 | |
3.00% 12/1/49 | 9,481 | 10,108 | |
3.50% 2/1/48 | 112,132 | 121,995 | |
3.50% 11/1/48 | 45,463 | 48,115 | |
3.50% 12/1/49 | 318,176 | 342,966 | |
4.00% 4/1/47 | 16,778 | 18,586 | |
4.00% 6/1/48 | 191,895 | 210,607 | |
4.00% 9/1/48 | 12,247 | 13,195 | |
4.00% 6/1/49 | 16,457 | 18,027 | |
4.50% 2/1/41 | 16,432 | 18,371 | |
4.50% 10/1/45 | 17,085 | 19,054 | |
4.50% 4/1/48 | 684,299 | 768,742 | |
4.50% 1/1/49 | 256,167 | 284,843 | |
4.50% 11/1/49 | 21,886 | 23,620 | |
4.50% 1/1/50 | 30,211 | 33,044 | |
5.00% 7/1/49 | 244,857 | 270,605 | |
Freddie Mac S.F. 30 yr | |||
3.00% 1/1/50 | 20,595 | 22,004 | |
4.00% 7/1/47 | 7,452 | 7,985 | |
4.00% 10/1/47 | 70,957 | 75,912 | |
4.50% 4/1/49 | 24,450 | 26,765 | |
4.50% 8/1/49 | 52,630 | 58,726 | |
Total Agency Mortgage-Backed Securities (cost $2,349,540) | 2,417,899 | ||
Convertible Bonds — 8.54% | |||
Capital Goods — 0.45% | |||
Aerojet Rocketdyne Holdings 2.25% exercise price $26.00, maturity date 12/15/23 | 174,000 | 287,325 | |
Chart Industries 144A 1.00% exercise price $58.73, maturity date 11/15/24 # | 1,073,000 | 1,432,643 | |
Middleby 144A 1.00% exercise price $128.62, maturity date 9/1/25 # | 100,000 | 103,724 | |
1,823,692 | |||
Communications — 1.53% | |||
DISH Network 2.375% exercise price $82.22, maturity date 3/15/24 | 2,135,000 | 2,016,112 | |
GCI Liberty 144A 1.75% exercise price $370.52, maturity date 9/30/46 # | 753,000 | 1,263,534 |
NQ-129 [8/20] 10/20 (1354006) 5
Schedule of investments
Delaware Wealth Builder Fund (Unaudited)
Principal amount | Value (US $) | ||
Convertible Bonds (continued) | |||
Communications (continued) | |||
InterDigital 2.00% exercise price $81.29, maturity date 6/1/24 | 1,391,000 | $1,461,852 | |
Liberty Media 2.25% exercise price $33.63, maturity date 9/30/46 | 2,947,000 | 1,415,172 | |
6,156,670 | |||
Consumer Non-Cyclical — 2.44% | |||
BioMarin Pharmaceutical 0.599% exercise price $124.67, maturity date 8/1/24 | 1,143,000 | 1,221,059 | |
Chefs' Warehouse 144A 1.875% exercise price $44.20, maturity date 12/1/24 # | 1,077,000 | 804,398 | |
Coherus Biosciences 144A 1.50% exercise price $19.26, maturity date 4/15/26 # | 109,000 | 130,840 | |
Collegium Pharmaceutical 2.625% exercise price $29.19, maturity date 2/15/26 | 648,000 | 617,416 | |
FTI Consulting 2.00% exercise price $101.38, maturity date 8/15/23 | 397,000 | 513,795 | |
Integra LifeSciences Holdings 144A 0.50% exercise price $73.67, maturity date 8/15/25 # | 1,097,000 | 1,042,189 | |
Jazz Investments I 144A 2.00% exercise price $155.81, maturity date 6/15/26 # | 665,000 | 756,437 | |
Ligand Pharmaceuticals 0.75% exercise price $248.48, maturity date 5/15/23 | 864,000 | 783,943 | |
Paratek Pharmaceuticals 4.75% exercise price $15.90, maturity date 5/1/24 | 1,436,000 | 1,152,549 | |
Retrophin 2.50% exercise price $38.80, maturity date 9/15/25 | 1,207,000 | 1,067,196 | |
Team 5.00% exercise price $21.70, maturity date 8/1/23 | 1,615,000 | 1,386,603 | |
Tricida 144A 3.50% exercise price $33.22, maturity date 5/15/27 # | 541,000 | 350,406 | |
9,826,831 | |||
Energy — 1.26% | |||
Cheniere Energy 4.25% exercise price $138.38, maturity date 3/15/45 | 2,892,000 | 1,961,064 | |
Helix Energy Solutions Group 6.75% exercise price $6.97, maturity date 2/15/26 | 1,301,000 | 1,228,117 | |
PDC Energy 1.125% exercise price $85.39, maturity date 9/15/21 | 1,936,000 | 1,878,304 | |
5,067,485 |
6 NQ-129 [8/20] 10/20 (1354006)
(Unaudited)
Principal amount | Value (US $) | ||
Convertible Bonds (continued) | |||
Real Estate Investment Trusts — 0.34% | |||
Blackstone Mortgage Trust 4.75% exercise price $36.22, maturity date 3/15/23 | 1,458,000 | $1,365,457 | |
1,365,457 | |||
Technology — 2.17% | |||
Boingo Wireless 1.00% exercise price $42.31, maturity date 10/1/23 | 1,982,000 | 1,771,412 | |
Knowles 3.25% exercise price $18.43, maturity date 11/1/21 | 585,000 | 622,323 | |
Microchip Technology 1.625% exercise price $94.91, maturity date 2/15/27 | 634,000 | 1,010,619 | |
ON Semiconductor 1.625% exercise price $20.72, maturity date 10/15/23 | 544,000 | 702,849 | |
Palo Alto Networks 0.75% exercise price $266.35, maturity date 7/1/23 | 767,000 | 892,243 | |
Pluralsight 0.375% exercise price $38.76, maturity date 3/1/24 | 1,796,000 | 1,634,757 | |
Quotient Technology 1.75% exercise price $17.36, maturity date 12/1/22 | 1,419,000 | 1,380,446 | |
Synaptics 0.50% exercise price $73.02, maturity date 6/15/22 | 544,000 | 695,788 | |
8,710,437 | |||
Utilities — 0.35% | |||
NRG Energy 2.75% exercise price $47.74, maturity date 6/1/48 | 1,303,000 | 1,391,767 | |
1,391,767 | |||
Total Convertible Bonds (cost $34,479,712) | 34,342,339 | ||
Corporate Bonds — 15.33% | |||
Banking — 1.31% | |||
Ally Financial | |||
5.75% 11/20/25 | 798,000 | 896,785 | |
8.00% 11/1/31 | 385,000 | 524,060 | |
Banco de Credito del Peru 144A 2.70% 1/11/25 # | 204,000 | 212,479 | |
Banco del Estado de Chile 144A 2.704% 1/9/25 # | 205,000 | 215,893 | |
Banco Nacional de Panama 144A 2.50% 8/11/30 # | 200,000 | 202,375 | |
Bank of America | |||
2.456% ( 10/22/25 μ | 15,000 | 15,902 | |
2.884% ( 10/22/30 μ | 20,000 | 21,755 | |
3.194% ( 7/23/30 μ | 55,000 | 61,096 | |
Bank of Georgia 144A 6.00% 7/26/23 # | 200,000 | 208,000 |
NQ-129 [8/20] 10/20 (1354006) 7
Schedule of investments
Delaware Wealth Builder Fund (Unaudited)
Principal amount | Value (US $) | ||
Corporate Bonds (continued) | |||
Banking (continued) | |||
BBVA Bancomer 144A 6.75% 9/30/22 # | 274,000 | $297,290 | |
Credit Suisse Group 144A 6.25% #, μ, ψ | 360,000 | 393,140 | |
JPMorgan Chase & Co. | |||
2.739% ( 10/15/30 μ | 20,000 | 21,621 | |
4.023% 12/5/24 μ | 80,000 | 88,519 | |
5.00% μ, ψ | 85,000 | 87,355 | |
Morgan Stanley | |||
1.463% ( 5/8/24 • | 35,000 | 35,553 | |
5.00% 11/24/25 | 95,000 | 111,840 | |
Natwest Group 8.625% μ, ψ | 520,000 | 547,763 | |
PNC Financial Services Group 2.60% 7/23/26 | 180,000 | 197,748 | |
Popular 6.125% 9/14/23 | 560,000 | 597,741 | |
State Street | |||
3.10% 5/15/23 | 10,000 | 10,699 | |
3.30% 12/16/24 | 130,000 | 145,208 | |
Truist Bank 2.636% 9/17/29 μ | 185,000 | 191,507 | |
US Bancorp | |||
3.00% 7/30/29 | 25,000 | 27,675 | |
3.10% 4/27/26 | 25,000 | 28,050 | |
3.375% 2/5/24 | 60,000 | 65,645 | |
USB Capital IX 3.50% (LIBOR03M + 1.02%) ψ, • | 85,000 | 75,905 | |
5,281,604 | |||
Basic Industry — 1.56% | |||
Allegheny Technologies 5.875% 12/1/27 | 270,000 | 260,543 | |
Avient 144A 5.75% 5/15/25 # | 118,000 | 125,522 | |
BMC East 144A 5.50% 10/1/24 # | 163,000 | 169,707 | |
Boise Cascade 144A 4.875% 7/1/30 # | 87,000 | 94,613 | |
First Quantum Minerals | |||
144A 7.25% 4/1/23 # | 250,000 | 254,444 | |
144A 7.50% 4/1/25 # | 250,000 | 255,320 | |
Freeport-McMoRan | |||
4.55% 11/14/24 | 200,000 | 216,177 | |
4.625% 8/1/30 | 235,000 | 251,571 | |
5.45% 3/15/43 | 320,000 | 360,448 | |
Hudbay Minerals 144A 7.625% 1/15/25 # | 135,000 | 140,324 | |
Hutama Karya Persero 144A 3.75% 5/11/30 # | 200,000 | 219,500 | |
Koppers 144A 6.00% 2/15/25 # | 434,000 | 447,285 | |
Methanex 5.25% 12/15/29 | 185,000 | 186,978 | |
Minera Mexico 144A 4.50% 1/26/50 # | 200,000 | 218,484 | |
Newmont 2.80% 10/1/29 | 190,000 | 206,580 | |
OCP 144A 4.50% 10/22/25 # | 200,000 | 212,030 |
8 NQ-129 [8/20] 10/20 (1354006)
(Unaudited)
Principal amount | Value (US $) | ||
Corporate Bonds (continued) | |||
Basic Industry (continued) | |||
Olin | |||
5.00% 2/1/30 | 135,000 | $130,588 | |
5.125% 9/15/27 | 437,000 | 431,714 | |
Standard Industries | |||
144A 3.375% 1/15/31 # | 187,000 | 186,299 | |
144A 4.75% 1/15/28 # | 445,000 | 469,475 | |
144A 5.00% 2/15/27 # | 46,000 | 48,166 | |
Steel Dynamics 5.00% 12/15/26 | 505,000 | 540,291 | |
Tronox 144A 6.50% 4/15/26 # | 530,000 | 546,714 | |
Univar Solutions USA 144A 5.125% 12/1/27 # | 180,000 | 188,471 | |
US Concrete 6.375% 6/1/24 | 10,000 | 10,349 | |
Vale Overseas 3.75% 7/8/30 | 100,000 | 105,150 | |
6,276,743 | |||
Capital Goods — 0.82% | |||
Ardagh Packaging Finance 144A 5.25% 8/15/27 # | 510,000 | 531,104 | |
Bombardier 144A 6.00% 10/15/22 # | 240,000 | 205,200 | |
Crown Americas 4.75% 2/1/26 | 463,000 | 484,303 | |
Mauser Packaging Solutions Holding 144A 5.50% 4/15/24 # | 551,000 | 560,069 | |
Roper Technologies 2.35% 9/15/24 | 185,000 | 196,260 | |
Terex 144A 5.625% 2/1/25 # | 260,000 | 263,882 | |
TransDigm 144A 6.25% 3/15/26 # | 492,000 | 519,781 | |
Vertical US Newco 144A 5.25% 7/15/27 # | 510,000 | 532,312 | |
3,292,911 | |||
Communications — 1.43% | |||
Altice France 144A 7.375% 5/1/26 # | 565,000 | 600,425 | |
Altice France Holding 144A 6.00% 2/15/28 # | 515,000 | 515,955 | |
AT&T 4.35% 3/1/29 | 170,000 | 201,735 | |
CenturyLink 144A 5.125% 12/15/26 # | 485,000 | 503,663 | |
Colombia Telecomunicaciones 144A 4.95% 7/17/30 # | 200,000 | 212,150 | |
Connect Finco 144A 6.75% 10/1/26 # | 250,000 | 258,512 | |
Consolidated Communications 6.50% 10/1/22 | 265,000 | 259,866 | |
Level 3 Financing 144A 4.25% 7/1/28 # | 220,000 | 226,655 | |
Ooredoo International Finance 144A 5.00% 10/19/25 # | 200,000 | 235,299 | |
Sprint | |||
7.125% 6/15/24 | 612,000 | 712,044 | |
7.875% 9/15/23 | 22,000 | 25,630 | |
T-Mobile USA 6.50% 1/15/26 | 460,000 | 482,137 |
NQ-129 [8/20] 10/20 (1354006) 9
Schedule of investments
Delaware Wealth Builder Fund (Unaudited)
Principal amount | Value (US $) | ||
Corporate Bonds (continued) | |||
Communications (continued) | |||
Verizon Communications | |||
4.50% 8/10/33 | 95,000 | $120,578 | |
4.522% 9/15/48 | 35,000 | 45,869 | |
Vodafone Group | |||
4.25% 9/17/50 | 110,000 | 128,153 | |
4.875% 6/19/49 | 40,000 | 50,026 | |
7.00% 4/4/79 μ | 215,000 | 258,849 | |
Zayo Group Holdings | |||
144A 4.00% 3/1/27 # | 415,000 | 410,873 | |
144A 6.125% 3/1/28 # | 500,000 | 517,110 | |
5,765,529 | |||
Consumer Cyclical — 1.08% | |||
Allison Transmission 144A 5.875% 6/1/29 # | 460,000 | 504,328 | |
Boyd Gaming 6.375% 4/1/26 | 452,000 | 471,843 | |
Caesars Entertainment 144A 6.25% 7/1/25 # | 505,000 | 535,151 | |
Ford Motor 9.00% 4/22/25 | 235,000 | 275,314 | |
Ford Motor Credit 4.542% 8/1/26 | 515,000 | 526,265 | |
General Motors Financial | |||
4.35% 4/9/25 | 75,000 | 82,106 | |
5.25% 3/1/26 | 95,000 | 108,068 | |
Hilton Worldwide Finance 4.875% 4/1/27 | 545,000 | 559,887 | |
L Brands 144A 6.875% 7/1/25 # | 485,000 | 525,493 | |
Lennar 4.75% 5/30/25 | 115,000 | 126,224 | |
Lowe's | |||
4.05% 5/3/47 | 5,000 | 5,953 | |
4.55% 4/5/49 | 136,000 | 172,807 | |
MGM Resorts International 5.75% 6/15/25 | 48,000 | 51,577 | |
PulteGroup 5.00% 1/15/27 | 15,000 | 17,137 | |
Scientific Games International 144A 8.25% 3/15/26 # | 164,000 | 169,221 | |
William Carter 144A 5.625% 3/15/27 # | 200,000 | 213,057 | |
4,344,431 | |||
Consumer Non-Cyclical — 0.98% | |||
Alcon Finance 144A 3.00% 9/23/29 # | 200,000 | 216,816 | |
Anheuser-Busch InBev Worldwide | |||
3.65% 2/1/26 | 125,000 | 141,291 | |
4.15% 1/23/25 | 50,000 | 56,921 | |
Cott Holdings 144A 5.50% 4/1/25 # | 272,000 | 281,520 | |
CVS Health 3.25% 8/15/29 | 185,000 | 205,596 | |
Gilead Sciences 4.15% 3/1/47 | 165,000 | 211,546 |
10 NQ-129 [8/20] 10/20 (1354006)
(Unaudited)
Principal amount | Value (US $) | ||
Corporate Bonds (continued) | |||
Consumer Non-Cyclical (continued) | |||
JBS USA LUX | |||
144A 5.75% 6/15/25 # | 318,000 | $329,130 | |
144A 6.50% 4/15/29 # | 305,000 | 346,937 | |
Kraft Heinz Foods | |||
144A 3.875% 5/15/27 # | 240,000 | 256,994 | |
5.20% 7/15/45 | 480,000 | 544,712 | |
Pilgrim's Pride 144A 5.75% 3/15/25 # | 535,000 | 550,381 | |
Post Holdings | |||
144A 5.00% 8/15/26 # | 311,000 | 323,295 | |
144A 5.625% 1/15/28 # | 160,000 | 171,348 | |
144A 5.75% 3/1/27 # | 295,000 | 312,424 | |
3,948,911 | |||
Energy — 2.02% | |||
Cheniere Corpus Christi Holdings 7.00% 6/30/24 | 135,000 | 157,411 | |
Cheniere Energy Partners 5.25% 10/1/25 | 305,000 | 312,393 | |
Crestwood Midstream Partners 6.25% 4/1/23 | 245,000 | 241,912 | |
Energy Transfer Operating | |||
5.25% 4/15/29 | 95,000 | 104,053 | |
6.25% 4/15/49 | 60,000 | 62,861 | |
EQM Midstream Partners 144A 6.50% 7/1/27 # | 475,000 | 520,797 | |
Grupo Energia Bogota 144A 4.875% 5/15/30 # | 400,000 | 453,320 | |
Israel Electric 144A 4.25% 8/14/28 # | 300,000 | 340,606 | |
KazTransGas 144A 4.375% 9/26/27 # | 381,000 | 422,460 | |
Lukoil Securities 144A 3.875% 5/6/30 # | 205,000 | 219,084 | |
Marathon Oil 4.40% 7/15/27 | 130,000 | 133,373 | |
MPLX | |||
4.00% 3/15/28 | 30,000 | 33,051 | |
5.50% 2/15/49 | 55,000 | 65,040 | |
Murphy Oil 5.875% 12/1/27 | 292,000 | 280,776 | |
Murphy Oil USA 5.625% 5/1/27 | 609,000 | 647,708 | |
Newfield Exploration 5.375% 1/1/26 | 423,000 | 420,421 | |
Noble Energy | |||
3.25% 10/15/29 | 85,000 | 94,447 | |
3.90% 11/15/24 | 20,000 | 22,209 | |
4.20% 10/15/49 | 15,000 | 18,248 | |
4.95% 8/15/47 | 50,000 | 65,693 | |
5.05% 11/15/44 | 5,000 | 6,509 | |
NuStar Logistics 5.625% 4/28/27 | 228,000 | 229,668 | |
Occidental Petroleum 3.50% 8/15/29 | 600,000 | 516,960 | |
Oleoducto Central 144A 4.00% 7/14/27 # | 200,000 | 208,550 |
NQ-129 [8/20] 10/20 (1354006) 11
Schedule of investments
Delaware Wealth Builder Fund (Unaudited)
Principal amount | Value (US $) | ||
Corporate Bonds (continued) | |||
Energy (continued) | |||
Petrobras Global Finance 6.75% 6/3/50 | 150,000 | $167,488 | |
Precision Drilling 144A 7.125% 1/15/26 # | 400,000 | 273,424 | |
Sabine Pass Liquefaction | |||
5.625% 3/1/25 | 55,000 | 64,044 | |
5.75% 5/15/24 | 110,000 | 126,078 | |
Sinopec Group Overseas Development 2018 144A 2.50% 8/8/24 # | 610,000 | 639,249 | |
Southwestern Energy 7.75% 10/1/27 | 290,000 | 297,250 | |
Targa Resources Partners 5.375% 2/1/27 | 237,000 | 245,251 | |
Tengizchevroil Finance Co. International 144A 2.625% 8/15/25 # | 200,000 | 203,610 | |
WPX Energy 5.25% 10/15/27 | 525,000 | 523,105 | |
8,117,049 | |||
Financials — 0.36% | |||
AerCap Global Aviation Trust 144A 6.50% 6/15/45 #, μ | 240,000 | 204,000 | |
AerCap Ireland Capital 4.45% 4/3/26 | 150,000 | 151,298 | |
DAE Funding 144A 5.75% 11/15/23 # | 284,000 | 283,615 | |
E*TRADE Financial 5.875% μ, ψ | 530,000 | 576,044 | |
Jefferies Group | |||
4.15% 1/23/30 | 170,000 | 192,090 | |
6.45% 6/8/27 | 10,000 | 12,039 | |
6.50% 1/20/43 | 5,000 | 6,330 | |
1,425,416 | |||
Healthcare — 1.12% | |||
Bausch Health 144A 5.50% 11/1/25 # | 630,000 | 650,916 | |
Centene | |||
3.375% 2/15/30 | 295,000 | 307,262 | |
144A 5.375% 8/15/26 # | 470,000 | 499,523 | |
Community Health Systems 144A 6.625% 2/15/25 # | 170,000 | 173,808 | |
Encompass Health | |||
5.75% 11/1/24 | 105,000 | 105,797 | |
5.75% 9/15/25 | 244,000 | 253,259 | |
Hadrian Merger Sub 144A 8.50% 5/1/26 # | 275,000 | 265,152 | |
HCA | |||
5.375% 2/1/25 | 559,000 | 630,348 | |
5.875% 2/15/26 | 219,000 | 251,029 | |
7.58% 9/15/25 | 219,000 | 256,778 | |
Hill-Rom Holdings 144A 5.00% 2/15/25 # | 242,000 | 250,783 | |
Ortho-Clinical Diagnostics 144A 7.375% 6/1/25 # | 245,000 | 255,259 |
12 NQ-129 [8/20] 10/20 (1354006)
(Unaudited)
Principal amount | Value (US $) | ||
Corporate Bonds (continued) | |||
Healthcare (continued) | |||
Tenet Healthcare | |||
5.125% 5/1/25 | 345,000 | $352,331 | |
8.125% 4/1/22 | 241,000 | 260,461 | |
Universal Health Services 144A 5.00% 6/1/26 # | 5,000 | 5,218 | |
4,517,924 | |||
Insurance — 0.23% | |||
HUB International 144A 7.00% 5/1/26 # | 415,000 | 430,979 | |
USI 144A 6.875% 5/1/25 # | 468,000 | 481,158 | |
912,137 | |||
Media — 1.55% | |||
Altice Financing 144A 5.00% 1/15/28 # | 200,000 | 205,763 | |
AMC Networks 4.75% | 541,000 | 560,749 | |
CCO Holdings | |||
144A 4.50% 8/15/30 # | 105,000 | 111,563 | |
144A 5.375% 6/1/29 # | 580,000 | 638,064 | |
144A 5.875% 5/1/27 # | 519,000 | 546,118 | |
Charter Communications Operating | |||
4.80% 3/1/50 | 70,000 | 79,863 | |
5.05% 3/30/29 | 100,000 | 120,697 | |
CSC Holdings | |||
144A 3.375% 2/15/31 # | 400,000 | 395,128 | |
5.25% 6/1/24 | 5,000 | 5,425 | |
Cumulus Media New Holdings 144A 6.75% 7/1/26 # | 280,000 | 252,480 | |
Discovery Communications 4.125% 5/15/29 | 135,000 | 154,390 | |
Gray Television 144A 5.875% 7/15/26 # | 473,000 | 491,683 | |
Lamar Media 5.75% 2/1/26 | 473,000 | 494,084 | |
Netflix 5.875% 11/15/28 | 625,000 | 768,303 | |
Sinclair Television Group 144A 5.125% 2/15/27 # | 362,000 | 352,950 | |
Sirius XM Radio 144A 5.00% 8/1/27 # | 470,000 | 499,208 | |
Terrier Media Buyer 144A 8.875% 12/15/27 # | 250,000 | 259,294 | |
Time Warner Cable 7.30% 7/1/38 | 60,000 | 85,404 | |
Time Warner Entertainment 8.375% 3/15/23 | 25,000 | 29,744 | |
ViacomCBS 4.375% 3/15/43 | 180,000 | 192,089 | |
6,242,999 | |||
Real Estate Investment Trusts — 0.25% | |||
Crown Castle International 5.25% 1/15/23 | 125,000 | 138,635 | |
MGM Growth Properties Operating Partnership 5.75% 2/1/27 | 160,000 | 177,250 | |
SBA Communications 4.875% 9/1/24 | 670,000 | 689,062 | |
1,004,947 |
NQ-129 [8/20] 10/20 (1354006) 13
Schedule of investments
Delaware Wealth Builder Fund (Unaudited)
Principal amount | Value (US $) | ||
Corporate Bonds (continued) | |||
Services — 0.82% | |||
Aramark Services 144A 5.00% 2/1/28 # | 485,000 | $486,404 | |
Ashtead Capital 144A 5.25% 8/1/26 # | 570,000 | 604,200 | |
Covanta Holding 5.875% 7/1/25 | 233,000 | 243,948 | |
GFL Environmental 144A 3.75% 8/1/25 # | 98,000 | 98,791 | |
Iron Mountain 144A 4.50% 2/15/31 # | 440,000 | 452,650 | |
PowerTeam Services 144A 9.033% 12/4/25 # | 485,000 | 518,950 | |
Prime Security Services Borrower 144A 5.75% 4/15/26 # | 310,000 | 343,237 | |
Service Corp. International 4.625% 12/15/27 | 280,000 | 302,513 | |
Verscend Escrow 144A 9.75% 8/15/26 # | 225,000 | 244,738 | |
3,295,431 | |||
Technology & Electronics — 0.41% | |||
Apple 2.20% 9/11/29 | 140,000 | 151,429 | |
CommScope Technologies 144A 5.00% 3/15/27 # | 192,000 | 191,060 | |
Global Payments 2.65% 2/15/25 | 135,000 | 144,437 | |
International Business Machines 3.30% 5/15/26 | 140,000 | 159,050 | |
Sensata Technologies UK Financing 144A 6.25% 2/15/26 # | 285,000 | 299,220 | |
SS&C Technologies 144A 5.50% 9/30/27 # | 660,000 | 707,751 | |
1,652,947 | |||
Transportation — 0.40% | |||
Delta Air Lines 144A 7.00% 5/1/25 # | 485,000 | 531,472 | |
Mileage Plus Holdings 144A 6.50% 6/20/27 # | 250,000 | 261,250 | |
Rutas 2 and 7 Finance 144A 3.413% 9/30/36 #, ^ | 200,000 | 142,282 | |
United Rentals North America 3.875% 2/15/31 | 636,000 | 656,273 | |
1,591,277 | |||
Utilities — 0.99% | |||
Calpine | |||
144A 4.50% 2/15/28 # | 92,000 | 95,525 | |
144A 5.00% 2/1/31 # | 255,000 | 267,009 | |
144A 5.25% 6/1/26 # | 248,000 | 259,340 | |
Centrais Eletricas Brasileiras 144A 3.625% 2/4/25 # | 200,000 | 200,652 | |
Duke Energy 4.875% μ, ψ | 85,000 | 89,790 | |
Enel 144A 8.75% 9/24/73 #, μ | 200,000 | 235,210 | |
Entergy Louisiana 4.95% 1/15/45 | 5,000 | 5,499 | |
Entergy Mississippi 2.85% 6/1/28 | 60,000 | 65,762 | |
Entergy Texas 3.55% 9/30/49 | 115,000 | 130,553 | |
Evergy 2.90% 9/15/29 | 160,000 | 173,371 | |
Evergy Metro 3.65% 8/15/25 | 25,000 | 28,309 | |
Infraestructura Energetica Nova 144A 3.75% 1/14/28 # | 205,000 | 208,036 |
14 NQ-129 [8/20] 10/20 (1354006)
(Unaudited)
Principal amount | Value (US $) | ||
Corporate Bonds (continued) | |||
Utilities (continued) | |||
MidAmerican Energy 3.15% 4/15/50 | 55,000 | $61,564 | |
Mong Duong Finance Holdings 144A 5.125% 5/7/29 # | 500,000 | 506,831 | |
National Rural Utilities Cooperative Finance | |||
4.75% 4/30/43 μ | 5,000 | 5,162 | |
5.25% 4/20/46 μ | 60,000 | 65,464 | |
NextEra Energy Capital Holdings 5.65% 5/1/79 μ | 55,000 | 62,885 | |
PacifiCorp 3.50% 6/15/29 | 75,000 | 87,790 | |
PG&E 5.25% 7/1/30 | 500,000 | 499,345 | |
Southern California Edison | |||
4.00% 4/1/47 | 30,000 | 32,703 | |
4.875% 3/1/49 | 45,000 | 54,218 | |
Southwestern Electric Power 4.10% 9/15/28 | 165,000 | 192,872 | |
Vistra Operations 144A 5.50% 9/1/26 # | 620,000 | 651,775 | |
3,979,665 | |||
Total Corporate Bonds (cost $59,189,890) | 61,649,921 | ||
Municipal Bonds — 3.76% | |||
Arizona Industrial Development Authority Revenue (American Charter Schools Foundation Project) 144A 6.00% 7/1/47 # | 1,000,000 | 1,098,360 | |
California State (Various Purposes) 5.00% 11/1/43 | 500,000 | 566,330 | |
California Statewide Communities Development Authority (California Baptist University) Series A 6.375% 11/1/43 | 1,000,000 | 1,087,220 | |
California Statewide Communities Development Authority Revenue (Loma Linda University Medical Center) Series A 144A 5.25% 12/1/56 # | 500,000 | 538,415 | |
Capital Trust Agency, Florida (University Bridge, LLC Student Housing Project) Series A 144A 5.25% 12/1/58 # | 1,000,000 | 962,010 | |
City of Apple Valley, Minnesota (Minnesota Senior Living Project) Series D 7.25% 1/1/52 | 1,000,000 | 757,150 | |
City of Chicago, Illinois (General Obligation Bonds Project) Series D 5.50% 1/1/40 | 500,000 | 542,570 | |
Colorado Health Facilities Authority Revenue (Catholic Health Initiatives) Series A 5.25% 1/1/45 | 750,000 | 835,222 |
NQ-129 [8/20] 10/20 (1354006) 15
Schedule of investments
Delaware Wealth Builder Fund (Unaudited)
Principal amount | Value (US $) | ||
Municipal Bonds (continued) | |||
Conley Road Transportation Development District, Missouri 5.375% 5/1/47 | 500,000 | $502,310 | |
Dallas/Fort Worth International Airport, Texas Series H (AMT) 5.00% 11/1/42 (AMT) | 500,000 | 527,160 | |
Dominion Water & Sanitation District, Colorado 6.00% 12/1/46 | 980,000 | 1,023,424 | |
Florida Development Finance Surface Transportation Facilities Revenue (Virgin Trains USA Passenger Rail Project) Series A 144A 6.50% 1/1/49 (AMT)#, • | 1,150,000 | 996,728 | |
Golden State, California Tobacco Securitization Corporate Settlement Revenue Series A-1 5.25% 6/1/47 | 500,000 | 515,705 | |
Illinois State Series A 5.00% 4/1/38 | 100,000 | 104,038 | |
Montgomery County Industrial Development Authority Revenue (Whitemarsh Continuing Care Retirement Community Project) Series A 5.375% 1/1/51 | 250,000 | 254,203 | |
New Jersey Tobacco Settlement Financing Subordinate Series B 5.00% 6/1/46 | 500,000 | 566,800 | |
New Jersey Transportation Trust Fund Authority (Transportation Program Bonds) Series AA 5.00% 6/15/44 | 1,000,000 | 1,078,400 | |
New York Liberty Development Revenue (3 World Trade Center Project) Class 2 144A 5.15% 11/15/34 # | 500,000 | 529,150 | |
Palm Beach County, Florida Health Facilities Authority | |||
Series A 7.25% 6/1/34 | 65,000 | 69,418 | |
Series A 7.50% 6/1/49 | 325,000 | 346,223 | |
Puerto Rico Sales Tax Financing Revenue | |||
Series A-1 4.55% 7/1/40 | 250,000 | 266,245 | |
Series A-1 4.75% 7/1/53 | 1,880,000 | 1,975,955 | |
Total Municipal Bonds (cost $14,626,367) | 15,143,036 | ||
Non-Agency Commercial Mortgage-Backed Securities — 0.58% | |||
BANK | |||
Series 2017-BNK5 B 3.896% 6/15/60 • | 95,000 | 103,140 | |
Series 2019-BN20 A3 3.011% 9/15/62 | 250,000 | 279,505 | |
Benchmark Mortgage Trust Series 2019-B9 A5 4.016% 3/15/52 | 250,000 | 295,140 |
16 NQ-129 [8/20] 10/20 (1354006)
(Unaudited)
Principal amount | Value (US $) | ||
Non-Agency Commercial Mortgage-Backed Securities (continued) | |||
CD Mortgage Trust Series 2019-CD8 A4 2.912% 8/15/57 | 250,000 | $276,732 | |
DB-JPM Mortgage Trust Series 2016-C3 A5 2.89% 8/10/49 | 250,000 | 271,077 | |
GRACE Mortgage Trust Series 2014-GRCE A 144A 3.369% 6/10/28 # | 100,000 | 100,761 | |
GS Mortgage Securities Trust | |||
Series 2017-GS6 A3 3.433% 5/10/50 | 165,000 | 183,317 | |
Series 2019-GC42 A4 3.001% 9/1/52 | 250,000 | 278,724 | |
JPM-BB Commercial Mortgage Securities Trust Series 2015-C33 A4 3.77% 12/15/48 | 500,000 | 559,371 | |
Total Non-Agency Commercial Mortgage-Backed Securities (cost $2,221,144) | 2,347,767 | ||
Sovereign Bonds — 1.62% | |||
Azerbaijan — 0.10% | |||
Republic of Azerbaijan International Bond | |||
144A 3.50% 9/1/32 # | 375,000 | 384,233 | |
384,233 | |||
Bermuda — 0.05% | |||
Bermuda Government International Bond | |||
144A 2.375% 8/20/30 # | 200,000 | 204,500 | |
204,500 | |||
Brazil — 0.11% | |||
Brazil Notas do Tesouro Nacional Serie F | |||
10.00% 1/1/27 | 2,000,000 | 427,072 | |
427,072 | |||
Czechia — 0.09% | |||
Czech Republic Government Bond | |||
0.45% 10/25/23 | 7,570,000 | 344,175 | |
344,175 | |||
Dominican Republic — 0.05% | |||
Dominican Republic International Bond | |||
144A 4.50% 1/30/30 # | 200,000 | 199,000 | |
199,000 | |||
Egypt — 0.05% | |||
Egypt Government International Bond | |||
144A 5.75% 5/29/24 # | 200,000 | 206,528 | |
206,528 |
NQ-129 [8/20] 10/20 (1354006) 17
Schedule of investments
Delaware Wealth Builder Fund (Unaudited)
Principal amount | Value (US $) | ||
Sovereign Bonds (continued) | |||
Gabon — 0.05% | |||
Gabon Government International Bond | |||
144A 6.625% 2/6/31 # | 200,000 | $193,995 | |
193,995 | |||
Georgia — 0.05% | |||
Georgia Government International Bond | |||
6.875% 4/12/21 | 200,000 | 205,430 | |
205,430 | |||
Guatemala — 0.06% | |||
Guatemala Government Bond | |||
144A 4.875% 2/13/28 # | 200,000 | 224,700 | |
224,700 | |||
Honduras — 0.05% | |||
Honduras Government International Bond | |||
144A 5.625% 6/24/30 # | 200,000 | 219,900 | |
219,900 | |||
Indonesia — 0.08% | |||
Indonesia Government International Bond | |||
144A 4.125% 1/15/25 # | 300,000 | 334,978 | |
334,978 | |||
Israel — 0.09% | |||
Israel Government International Bond | |||
2.75% 7/3/30 | 310,000 | 342,385 | |
342,385 | |||
Ivory Coast — 0.03% | |||
Ivory Coast Government International Bond | |||
144A 6.875% 10/17/40 # | EUR | 100,000 | 114,596 |
114,596 | |||
Kenya — 0.05% | |||
Kenya Government International Bond | |||
144A 6.875% 6/24/24 # | 200,000 | 206,678 | |
206,678 | |||
Mongolia — 0.10% | |||
Development Bank of Mongolia 144A 7.25% 10/23/23 # | 200,000 | 211,000 | |
Mongolia Government International Bond 144A 5.625% 5/1/23 # | 200,000 | 207,500 | |
418,500 |
18 NQ-129 [8/20] 10/20 (1354006)
(Unaudited)
Principal amount | Value (US $) | ||
Sovereign Bonds (continued) | |||
North Macedonia — 0.03% | |||
North Macedonia Government International Bond | |||
144A 3.675% 6/3/26 # | EUR | 100,000 | $127,763 |
127,763 | |||
Panama — 0.04% | |||
Panama Government International Bond | |||
144A 3.75% 4/17/26 # | 155,000 | 165,721 | |
165,721 | |||
Paraguay — 0.11% | |||
Paraguay Government International Bond | |||
144A 4.625% 1/25/23 # | 200,000 | 212,700 | |
144A 4.95% 4/28/31 # | 200,000 | 232,500 | |
445,200 | |||
Peru — 0.05% | |||
Peruvian Government International Bond | |||
2.392% 1/23/26 | 200,000 | 210,600 | |
210,600 | |||
Poland — 0.04% | |||
Republic of Poland Government Bond | |||
4.00% 10/25/23 | 553,000 | 167,528 | |
167,528 | |||
Serbia — 0.08% | |||
Serbia International Bond | |||
144A 3.125% 5/15/27 # | 250,000 | 319,695 | |
319,695 | |||
Ukraine — 0.15% | |||
Ukraine Government International Bond | |||
144A 7.75% 9/1/21 # | 584,000 | 606,957 | |
606,957 | |||
Uruguay — 0.04% | |||
Uruguay Government International Bond | |||
4.375% 1/23/31 | 100,000 | 120,033 | |
4.50% 8/14/24 | 53,000 | 58,440 | |
178,473 |
NQ-129 [8/20] 10/20 (1354006) 19
Schedule of investments
Delaware Wealth Builder Fund (Unaudited)
Principal amount | Value (US $) | ||
Sovereign Bonds (continued) | |||
Uzbekistan — 0.07% | |||
Republic of Uzbekistan Bond | |||
144A 4.75% 2/20/24 # | 250,000 | $265,675 | |
265,675 | |||
Total Sovereign Bonds (cost $6,218,371) | 6,514,282 | ||
Supranational Banks — 0.13% | |||
Banque Ouest Africaine de Developpement 144A 4.70% 10/22/31 # | 202,000 | 213,795 | |
Central American Bank For Economic Integration 144A 2.00% 5/6/25 # | 300,000 | 309,930 | |
Total Supranational Banks (cost $501,958) | 523,725 | ||
US Treasury Obligations — 0.97% | |||
US Treasury Bonds | |||
1.375% 8/15/50 | 45,000 | 43,826 | |
4.50% 2/15/36 | 220,000 | 332,011 | |
US Treasury Floating Rate Note 0.259% (USBMMY3M + 0.154%) 1/31/22 • | 1,180,000 | 1,182,131 | |
US Treasury Inflation Indexed Notes | |||
0.125% 10/15/24 | 70,336 | 75,296 | |
0.125% 1/15/30 | 305,610 | 341,839 | |
0.125% 7/15/30 | 155,850 | 175,769 | |
US Treasury Notes | |||
0.25% 7/31/25 | 670,000 | 669,503 | |
0.625% 8/15/30 | 565,000 | 560,365 | |
1.50% 2/15/30 | 75,000 | 80,713 | |
1.75% 12/31/24 | 2,700 | 2,877 | |
2.00% 10/31/22 | 340,000 | 353,693 | |
US Treasury Strip Principal 2.26% 5/15/44 ^ | 125,000 | 88,215 | |
Total US Treasury Obligations (cost $3,808,871) | 3,906,238 |
Number of shares | |||
Convertible Preferred Stock — 2.52% | |||
2020 Mandatory Exchangeable Trust 144A 6.50% exercise price $47.09, maturity date 5/16/23 # | 925 | 1,349,669 | |
AMG Capital Trust II 5.15% exercise price $195.46, maturity date 10/15/37 | 28,850 | 1,289,820 | |
Bank of America 7.25% exercise price $50.00 ψ | 574 | 858,147 |
20 NQ-129 [8/20] 10/20 (1354006)
(Unaudited)
Number of shares | Value (US $) | ||
Convertible Preferred Stock (continued) | |||
El Paso Energy Capital Trust I 4.75% exercise price $34.49, maturity date 3/31/28 | 34,475 | $1,682,380 | |
Elanco Animal Health 5.00% exercise price $38.40, maturity date 2/1/23 | 25,268 | 1,170,161 | |
Essential Utilities 6.00% exercise price $42.37, maturity date 4/30/22 | 18,650 | 1,048,317 | |
Lyondellbasell Advanced Polymers 6.00% exercise price $52.33 ψ | 1,919 | 1,981,367 | |
QTS Realty Trust 6.50% exercise price $46.86 ψ | 4,904 | 746,634 | |
Total Convertible Preferred Stock (cost $9,157,753) | 10,126,495 | ||
Preferred Stock — 0.17% | |||
Bank of America 6.50% μ | 440,000 | 497,273 | |
GMAC Capital Trust I 6.065% (LIBOR03M + 5.785%) • | 5,000 | 122,650 | |
Washington Prime Group 6.875% | 4,840 | 55,289 | |
Total Preferred Stock (cost $687,001) | 675,212 | ||
Exchange-Traded Funds — 9.57% | |||
iShares MSCI EAFE ETF | 510 | 33,140 | |
iShares Russell 1000 Growth ETF | 83,840 | 19,108,813 | |
Vanguard FTSE Developed Markets ETF | 3,650 | 152,825 | |
Vanguard Mega Cap Growth ETF | 97,900 | 19,194,274 | |
Total Exchange-Traded Funds (cost $32,446,284) | 38,489,052 | ||
Limited Partnerships — 2.02% | |||
Merion Champion's Walk=, †, π | 2,790,000 | 2,351,412 | |
Merion Countryside=, †, π | 2,342,813 | 1,947,346 | |
Merion The Ledges=, †, π | 3,970,235 | 3,823,336 | |
Total Limited Partnerships (cost $5,759,842) | 8,122,094 |
Principal amount | |||
Leveraged Non-Recourse Security — 0.00% | |||
JPMorgan Fixed Income Pass Through Trust Auction Series 2007-B 144A 0.241% 1/15/87 #, =, ♦ | 1,300,000 | 1,300 | |
Total Leveraged Non-Recourse Security (cost $1,105,000) | 1,300 | ||
NQ-129 [8/20] 10/20 (1354006) 21
Schedule of investments
Delaware Wealth Builder Fund (Unaudited)
Principal amount | Value (US $) | ||
Loan Agreement — 0.12% | |||
Frontier Communications Tranche B-1 5.352% (LIBOR03M + 2.75%) 6/17/24 • | 460,815 | $466,969 | |
Total Loan Agreement (cost $448,359) | 466,969 |
Number of shares | |||
Short-Term Investments — 1.97% | |||
Money Market Mutual Funds — 1.97% | |||
BlackRock FedFund – Institutional Shares (seven-day effective yield 0.01%) | 1,980,009 | 1,980,009 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 0.01%) | 1,980,009 | 1,980,009 | |
GS Financial Square Government Fund – Institutional Shares (seven-day effective yield 0.02%) | 1,980,009 | 1,980,009 | |
Morgan Stanley Government Portfolio – Institutional Share Class (seven-day effective yield 0.00%) | 1,980,009 | 1,980,009 | |
Total Short-Term Investments (cost $7,920,036) | 7,920,036 | ||
Total Value of Securities—99.69% (cost $385,372,020) | 400,924,047 | ||
Receivables and Other Assets Net of Liabilities—0.31% | 1,257,342 | ||
Net Assets Applicable to 30,740,100 Shares Outstanding—100.00% | $402,181,389 |
† | Non-income producing security. |
# | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At August 31, 2020, the aggregate value of Rule 144A securities was $50,397,669, which represents 12.50% of the Fund's net assets. |
μ | Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at August 31, 2020. Rate will reset at a future date. |
ψ | No contractual maturity date. |
• | Variable rate investment. Rates reset periodically. Rate shown reflects the rate in effect at August 31, 2020. For securities based on a published reference rate and spread, the reference rate and spread are indicated in their description above. The reference rate descriptions (i.e. LIBOR03M, LIBOR06M, etc.) used in this report are identical for different securities, but the underlying reference rates may differ due to the timing of the reset period. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions, or for mortgage-backed securities, are impacted by the individual mortgages which are paying off over time. These securities do not indicate a reference rate and spread in their description above. |
^ | Zero-coupon security. The rate shown is the effective yield at the time of purchase. |
22 NQ-129 [8/20] 10/20 (1354006)
(Unaudited)
= | The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security. |
π | Restricted security. These investments are in securities not registered under the Securities Act of 1933, as amended, and have certain restrictions on resale which may limit their liquidity. At August 31, 2020, the aggregate value of restricted securities was $8,170,644, which represented 1.57% of the Fund’s net assets. See table on the next page for additional details on restricted securities. |
♦ | Pass Through Agreement. Security represents the contractual right to receive a proportionate amount of underlying payments due to the counterparty pursuant to various agreements related to the rescheduling of obligations and the exchange of certain notes. |
Restricted Securities | ||||||
Investments | Date of Acquisition | Cost | Value | |||
MERION COUNTRYSIDE L.P. | 8/13/2020 | $0.00 | $1,947,345.75 | |||
Merion The Ledges | 9/26/2018 | 3,279,032.96 | 3,680,586.00 | |||
Merion The Ledges | 9/12/2019 | 136,176.26 | 142,750.69 | |||
Merion Campion’s Walk L.P. | 8/4/2017 | 2,114,175.15 | 2,130,370.00 | |||
Merion Campion’s Walk L.P. | 8/4/2017 | 8.37 | 8.43 | |||
Merion Campion’s Walk L.P. | 2/13/2018 | 54,838.35 | 55,258.17 | |||
Merion Campion’s Walk L.P. | 7/11/2018 | 57,608.72 | 55,258.17 | |||
Merion Countryside | 10/22/2018 | 58,544.05 | 55,258.17 | |||
Merion Campion’s Walk L.P. | 2/13/2019 | 59,457.85 | 55,259.08 | |||
Total | $5,759,842 | $8,122,094 |
The following foreign currency
exchange contracts, futures contracts, and swap contracts were outstanding at August 31, 2020:
Foreign Currency Exchange Contracts | ||||||||
Counterparty | Currency to Receive (Deliver) | In Exchange For | Settlement Date | Unrealized Appreciation | Unrealized Depreciation | |||
BNYM | BRL | 433,937 | USD | 2,373,257 | 9/2/20 | $— | $(765) | |
BNYM | CHF | 3,638 | USD | 3,296 | 9/1/20 | — | (9) | |
BNYM | EUR | 16,580 | USD | 13,903 | 9/1/20 | — | (26) | |
BNYM | GBP | 2,132 | USD | 1,605 | 9/2/20 | — | (14) | |
BNYM | JPY | 4,690 | USD | 494,341 | 9/1/20 | 36 | — | |
JPMCB | BRL | 167,000 | USD | 864,643 | 9/25/20 | — | (9,300) | |
JPMCB | BRL | 339,000 | USD | 1,878,568 | 8/27/21 | 1,062 | — | |
JPMCB | EUR | 736,920 | USD | 650,214 | 9/18/20 | — | (39,322) | |
JPMCB | EUR | 255,494 | USD | 219,712 | 9/25/20 | — | (6,846) | |
JPMCB | KZT | 167,000 | USD | 70,682,751 | 10/30/20 | — | (1,234) | |
JPMCB | MXN | 167,000 | USD | 3,697,797 | 9/25/20 | — | (1,472) | |
Total Foreign Currency Exchange Contracts | $1,098 | $(58,988) |
NQ-129 [8/20] 10/20 (1354006) 23
Schedule of investments
Delaware Wealth Builder Fund (Unaudited)
Futures Contracts | |||||||||||||
Contracts to Buy (Sell) | Notional Amount | Notional Cost (Proceeds) | Expiration Date | Value/ Unrealized Appreciation | Value/ Unrealized Depreciation | Variation Margin Due from (Due to) Brokers | |||||||
2 | US Treasury 10 yr Ultra Notes | $318,875 | $320,193 | 12/21/20 | $— | $(1,317) | $(625) | ||||||
(4) | US Treasury 10 yr Notes | (557,000) | (557,530) | 12/21/20 | 530 | — | 1,031 | ||||||
Total Futures Contracts | $(237,337) | $530 | $(1,317) | $406 |
Swap Contracts
CDS Contracts2 | ||||||||||||
Counterparty/ Reference Obligation/ Termination Date/ Payment Frequency | Notional Amount3 | Annual Protection Payments | Value | Upfront Payments Paid (Received) | Unrealized Depreciation4 | Variation Margin Due from (Due to) Brokers | ||||||
Over-The-Counter: | ||||||||||||
Protection PurchasedMoody’s Ratings: | ||||||||||||
JPMCB-CDS 9/20/25− Quarterly | 825,000 | 1.000% | $(128) | $9,855 | $(9,983) | $— | ||||||
JPMCB-Republic of Brazil 9/20/25- Quarterly | 359,000 | 1.000% | 20,427 | 19,414 | — | — | ||||||
Total CDS Contracts | $20,299 | $29,269 | $(9,983) | $— |
The use of foreign currency
exchange contracts, futures contracts, and swap contracts involves elements of market risk and risks in excess of the amounts disclosed in these financial statements. The notional amounts and foreign currency
24 NQ-129 [8/20] 10/20 (1354006)
(Unaudited)
exchange contracts presented above represent
the Fund's total exposure in such contracts, whereas only the variation margin and net unrealized appreciation (depreciation) is reflected in the Fund's net assets.
2 | A CDS contract is a risk-transfer instrument through which one party (purchaser of protection) transfers to another party (seller of protection) the financial risk of a credit event (as defined in the CDS agreement), as it relates to a particular reference security or basket of securities (such as an index). Periodic payments (receipts) on such contracts are accrued daily and recorded as unrealized losses (gains) on swap contracts. Upon payment (receipt), such amounts are recorded as realized losses (gains) on swap contracts. Upfront payments made or received in connection with CDS contracts are amortized over the expected life of the CDS contracts as unrealized losses (gains) on swap contracts. The change in value of CDS contracts is recorded daily as unrealized appreciation or depreciation. A realized gain or loss is recorded upon a credit event (as defined in the CDS agreement) or the maturity or termination of the CDS agreement. |
3 | Notional amount shown is stated in USD unless noted that the swap is denominated in another currency. |
4 | Unrealized appreciation (depreciation) does not include periodic interest payments (receipt) on swap contracts accrued daily in the amount of $(15,482). |
Summary of abbreviations: |
AG – Aktiengesellschaft |
AMT – Subject to Alternative Minimum Tax |
BB – Barclays Bank |
BNYM – Bank of New York Mellon |
BRL – Brazilian Real |
CD – Certificate of Deposit |
CDS – Credit Default Swap |
CHF – Swiss Franc |
EAFE – Europe Australasia Far East |
ETF – Exchange-Traded Fund |
EUR – European Monetary Unit |
FTSE – Financial Times Stock Exchange |
GBP – British Pound Sterling |
GS – Goldman Sachs |
ICE – Intercontinental Exchange, Inc. |
JPM – JPMorgan |
JPMCB – JPMorgan Chase Bank |
JPY – Japanese Yen |
KZT – Kazakhstan Tenge |
LIBOR – London interbank offered rate |
NQ-129 [8/20] 10/20 (1354006) 25
Schedule of investments
Delaware Wealth Builder Fund (Unaudited)
Summary of abbreviations: (continued) |
LIBOR03M – ICE LIBOR USD 3 Month |
LIBOR06M – ICE LIBOR USD 6 Month |
LLC – Limited Liability Corporation |
MSCI – Morgan Stanley Capital International |
MXN – Mexican Peso |
REIT – Real Estate Investment Trust |
S.F. – Single Family |
SOFRRATE – Secured Overnight Financing Rate |
USBMMY3M – US Treasury 3 Month Bill Money Market Yield |
USD – US Dollar |
yr – Year |
26 NQ-129 [8/20] 10/20 (1354006)