Schedule of investments
Delaware Small Cap Value Fund | August 31, 2022 (Unaudited) |
Number of shares | Value (US $) | ||
Common Stocks — 97.80%♦ | |||
Basic Industry — 8.05% | |||
Arconic † | 1,893,700 | $ 47,740,177 | |
Ashland | 429,200 | 43,675,392 | |
Avient | 1,029,700 | 45,131,751 | |
Berry Global Group † | 1,605,310 | 87,216,492 | |
HB Fuller | 885,500 | 57,433,530 | |
Huntsman | 2,208,000 | 61,868,160 | |
Louisiana-Pacific | 1,969,100 | 106,784,293 | |
Summit Materials Class A † | 1,164,400 | 33,092,248 | |
482,942,043 | |||
Consumer Discretionary — 10.87% | |||
Acushnet Holdings | 920,400 | 43,857,060 | |
Adient † | 1,568,000 | 52,057,600 | |
Barnes Group | 1,356,300 | 42,113,115 | |
Cable One | 19,580 | 22,223,300 | |
Choice Hotels International | 323,500 | 37,108,685 | |
Columbia Sportswear | 619,300 | 44,118,932 | |
Cracker Barrel Old Country Store | 382,000 | 41,233,080 | |
Group 1 Automotive | 316,500 | 56,523,735 | |
KB Home | 1,352,000 | 38,734,800 | |
Meritage Homes † | 615,900 | 48,255,765 | |
Nexstar Media Group Class A | 280,700 | 53,703,524 | |
Steven Madden | 1,159,025 | 33,739,218 | |
Texas Roadhouse | 557,350 | 49,470,386 | |
UniFirst | 330,400 | 59,557,904 | |
Wolverine World Wide | 1,498,080 | 29,272,483 | |
651,969,587 | |||
Consumer Staples — 2.86% | |||
J & J Snack Foods | 444,100 | 66,184,223 | |
Performance Food Group † | 1,100,022 | 54,979,100 | |
Scotts Miracle-Gro | 224,200 | 15,010,190 | |
Spectrum Brands Holdings | 559,950 | 35,271,250 | |
171,444,763 | |||
Energy — 6.80% | |||
CNX Resources † | 4,594,350 | 81,182,164 | |
Delek US Holdings | 1,214,600 | 34,312,450 | |
Magnolia Oil & Gas Class A | 3,710,600 | 88,572,022 | |
Matador Resources | 1,133,950 | 67,583,420 | |
Murphy Oil | 1,844,000 | 71,860,680 | |
Patterson-UTI Energy | 4,326,400 | 64,463,360 | |
407,974,096 |
NQ-021 [8/22] 10/22 (2460451) 1
Schedule of investments
Delaware Small Cap Value Fund (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks♦ (continued) | |||
Financial Services — 28.04% | |||
American Equity Investment Life Holding | 2,198,680 | $ 83,549,840 | |
Bank of NT Butterfield & Son | 1,126,300 | 36,739,906 | |
East West Bancorp | 2,331,323 | 168,251,581 | |
Essent Group | 1,154,900 | 46,184,451 | |
First Financial Bancorp | 2,600,900 | 56,127,422 | |
First Interstate BancSystem Class A | 1,472,022 | 59,263,606 | |
FNB | 8,441,600 | 100,623,872 | |
Hancock Whitney | 2,703,800 | 130,404,274 | |
Hanover Insurance Group | 596,800 | 77,219,952 | |
Hope Bancorp | 3,023,994 | 43,757,193 | |
Kemper | 642,700 | 29,564,200 | |
Metropolitan Bank Holding † | 515,705 | 36,919,321 | |
Sandy Spring Bancorp | 801,400 | 30,869,928 | |
Selective Insurance Group | 1,000,806 | 79,484,012 | |
Stewart Information Services | 737,651 | 37,354,647 | |
Stifel Financial | 2,185,450 | 129,619,039 | |
Synovus Financial | 2,001,100 | 80,364,176 | |
Umpqua Holdings | 5,304,400 | 94,100,056 | |
Valley National Bancorp | 7,595,900 | 88,264,358 | |
Webster Financial | 3,257,660 | 153,272,903 | |
Western Alliance Bancorp | 1,556,800 | 119,437,696 | |
1,681,372,433 | |||
Healthcare — 4.53% | |||
Avanos Medical † | 1,076,021 | 26,502,397 | |
Integer Holdings † | 716,600 | 45,195,962 | |
Integra LifeSciences Holdings † | 1,072,500 | 51,168,975 | |
NuVasive † | 797,862 | 33,917,114 | |
Select Medical Holdings | 1,476,600 | 37,860,024 | |
Service Corp. International | 697,100 | 43,018,041 | |
Syneos Health † | 562,800 | 33,829,908 | |
271,492,421 | |||
Industrials — 12.55% | |||
Altra Industrial Motion | 1,827,643 | 69,359,052 | |
Atkore † | 1,031,100 | 87,035,151 | |
CACI International Class A † | 207,100 | 58,168,177 | |
H&E Equipment Services | 870,200 | 27,550,532 | |
ITT | 1,102,030 | 79,930,236 | |
KBR | 1,219,372 | 58,895,668 | |
MasTec † | 1,584,529 | 127,554,584 |
2 NQ-021 [8/22] 10/22 (2460451)
(Unaudited)
Number of shares | Value (US $) | ||
Common Stocks♦ (continued) | |||
Industrials (continued) | |||
Primoris Services | 507,762 | $ 10,292,336 | |
Regal Rexnord | 421,739 | 58,027,069 | |
WESCO International † | 933,500 | 122,923,280 | |
Zurn Elkay Water Solutions | 1,904,400 | 52,523,352 | |
752,259,437 | |||
Real Estate Investment Trusts — 7.88% | |||
Brandywine Realty Trust | 4,329,337 | 34,764,576 | |
Independence Realty Trust | 2,021,800 | 39,324,010 | |
Kite Realty Group Trust | 2,735,914 | 52,967,295 | |
Life Storage | 503,500 | 64,070,375 | |
LXP Industrial Trust | 4,373,500 | 43,997,410 | |
National Health Investors | 914,900 | 59,935,099 | |
Outfront Media | 3,122,000 | 55,259,400 | |
RPT Realty | 2,707,889 | 26,076,971 | |
Spirit Realty Capital | 1,680,300 | 68,640,255 | |
Summit Hotel Properties | 3,468,700 | 27,263,982 | |
472,299,373 | |||
Technology — 10.00% | |||
Cirrus Logic † | 717,100 | 54,994,399 | |
Concentrix | 301,900 | 37,972,982 | |
Diodes † | 689,000 | 49,036,130 | |
Flex † | 4,671,010 | 83,190,688 | |
NCR † | 1,111,158 | 34,501,456 | |
NetScout Systems † | 1,216,506 | 38,611,900 | |
Power Integrations | 667,200 | 47,724,816 | |
TD SYNNEX | 431,600 | 41,554,448 | |
Tower Semiconductor † | 1,575,800 | 73,101,362 | |
TTM Technologies † | 4,101,302 | 64,513,481 | |
Viavi Solutions † | 3,533,000 | 49,744,640 | |
Vishay Intertechnology | 1,261,000 | 24,803,870 | |
599,750,172 | |||
Transportation — 2.13% | |||
Kirby † | 679,000 | 45,533,740 | |
Saia † | 113,350 | 23,444,181 | |
Werner Enterprises | 1,481,800 | 58,960,822 | |
127,938,743 | |||
Utilities — 4.09% | |||
ALLETE | 820,000 | 48,527,600 | |
Black Hills | 1,117,390 | 84,340,597 |
NQ-021 [8/22] 10/22 (2460451) 3
Schedule of investments
Delaware Small Cap Value Fund (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks♦ (continued) | |||
Utilities (continued) | |||
OGE Energy | 1,447,200 | $ 58,669,488 | |
Southwest Gas Holdings | 692,400 | 53,903,340 | |
245,441,025 | |||
Total Common Stocks (cost $4,275,898,728) | 5,864,884,093 | ||
Short-Term Investments — 2.20% | |||
Money Market Mutual Funds — 2.20% | |||
BlackRock FedFund – Institutional Shares (seven-day effective yield 2.02%) | 33,022,889 | 33,022,889 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 2.03%) | 33,022,889 | 33,022,889 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 2.19%) | 33,022,889 | 33,022,889 | |
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 2.11%) | 33,022,889 | 33,022,889 | |
Total Short-Term Investments (cost $132,091,556) | 132,091,556 | ||
Total Value of Securities—100.00% (cost $4,407,990,284) | 5,996,975,649 | ||
Liabilities Net of Receivables and Other Assets—(0.00%) | (133,073) | ||
Net Assets Applicable to 85,667,016 Shares Outstanding—100.00% | $5,996,842,576 |
♦ | Narrow industries are utilized for compliance purposes for diversification whereas broad sectors are used for financial reporting. |
† | Non-income producing security. |
4 NQ-021 [8/22] 10/22 (2460451)