Schedule of investments
Delaware Small Cap Core Fund | August 31, 2023 (Unaudited) |
Number of shares | Value (US $) | ||
Common Stocks — 96.66% | |||
Basic Materials — 7.06% | |||
Balchem | 73,138 | $ 10,275,889 | |
Boise Cascade | 950,213 | 103,924,796 | |
Huntsman | 1,151,054 | 32,079,875 | |
Kaiser Aluminum | 556,492 | 42,248,873 | |
Minerals Technologies | 1,438,310 | 87,880,741 | |
Quaker Chemical | 268,270 | 47,612,559 | |
Summit Materials Class A † | 2,897,021 | 108,377,556 | |
Worthington Industries | 1,095,678 | 82,471,683 | |
514,871,972 | |||
Business Services — 3.57% | |||
ABM Industries | 1,420,790 | 64,532,282 | |
ASGN † | 965,545 | 79,329,177 | |
BrightView Holdings † | 2,687,290 | 22,250,761 | |
Casella Waste Systems Class A † | 864,498 | 68,096,507 | |
WillScot Mobile Mini Holdings † | 635,631 | 26,073,584 | |
260,282,311 | |||
Capital Goods — 9.94% | |||
Ameresco Class A † | 920,898 | 40,049,854 | |
Applied Industrial Technologies | 697,620 | 107,691,599 | |
Barnes Group | 602,875 | 23,692,988 | |
Chart Industries † | 258,609 | 46,699,613 | |
Coherent † | 555,206 | 20,892,402 | |
Columbus McKinnon | 1,314,236 | 49,507,270 | |
ESCO Technologies | 419,353 | 44,874,965 | |
Federal Signal | 1,885,727 | 114,935,061 | |
Kadant | 357,789 | 78,620,555 | |
KBR | 598,742 | 36,834,608 | |
MYR Group † | 559,732 | 79,521,125 | |
WESCO International | 155,770 | 25,211,374 | |
Zurn Elkay Water Solutions | 1,898,424 | 56,231,319 | |
724,762,733 | |||
Communications Services — 0.29% | |||
ATN International | 595,934 | 21,376,153 | |
21,376,153 | |||
Consumer Discretionary — 2.58% | |||
Hibbett | 471,146 | 21,818,771 | |
Malibu Boats Class A † | 1,073,396 | 52,124,110 | |
Sonic Automotive Class A | 467,252 | 24,913,877 |
NQ- NS [0823] 1023 (3151872) 1
Schedule of investments
Delaware Small Cap Core Fund (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Consumer Discretionary (continued) | |||
Steven Madden | 2,585,106 | $ 89,186,157 | |
188,042,915 | |||
Consumer Services — 2.12% | |||
Brinker International † | 762,824 | 24,967,230 | |
Chuy's Holdings † | 777,433 | 29,620,197 | |
Jack in the Box | 357,431 | 28,726,730 | |
Texas Roadhouse | 640,291 | 66,654,293 | |
Wendy's | 238,490 | 4,719,717 | |
154,688,167 | |||
Consumer Staples — 3.43% | |||
Helen of Troy † | 344,342 | 42,326,518 | |
J & J Snack Foods | 534,061 | 86,587,310 | |
Prestige Consumer Healthcare † | 1,679,696 | 97,976,668 | |
YETI Holdings † | 468,697 | 23,411,415 | |
250,301,911 | |||
Credit Cyclicals — 3.67% | |||
Dana | 2,974,485 | 47,918,953 | |
KB Home | 1,383,376 | 70,275,501 | |
La-Z-Boy | 1,353,041 | 41,741,315 | |
Taylor Morrison Home † | 2,265,718 | 107,395,033 | |
267,330,802 | |||
Energy — 6.13% | |||
Earthstone Energy Class A † | 2,453,066 | 49,993,485 | |
Magnolia Oil & Gas Class A | 1,907,684 | 43,495,195 | |
NexTier Oilfield Solutions † | 5,216,441 | 55,346,439 | |
Patterson-UTI Energy | 6,870,633 | 97,150,751 | |
Permian Resources | 6,547,484 | 92,843,323 | |
SM Energy | 1,219,200 | 51,584,352 | |
Southwestern Energy † | 8,397,227 | 56,933,199 | |
447,346,744 | |||
Financials — 14.08% | |||
BRP Group Class A † | 1,912,218 | 50,845,877 | |
City Holding | 440,288 | 40,224,712 | |
Enterprise Financial Services | 685,065 | 26,518,866 | |
Essent Group | 1,559,171 | 78,301,568 | |
First Bancorp | 1,007,493 | 29,862,093 | |
First Financial Bancorp | 1,799,098 | 37,385,256 | |
First Interstate BancSystem Class A | 1,650,271 | 42,758,522 | |
Focus Financial Partners Class A † | 273,804 | 14,511,612 |
2 NQ- NS [0823] 1023 (3151872)
(Unaudited)
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Financials (continued) | |||
Hamilton Lane Class A | 932,361 | $ 86,513,777 | |
Independent Bank | 699,869 | 37,806,923 | |
Independent Bank Group | 606,917 | 25,611,897 | |
NMI Holdings Class A † | 3,067,153 | 87,781,919 | |
Old National Bancorp | 4,185,950 | 63,877,597 | |
Pacific Premier Bancorp | 1,631,707 | 37,561,895 | |
PJT Partners Class A | 503,705 | 39,787,658 | |
Selective Insurance Group | 1,029,328 | 102,119,631 | |
SouthState | 675,095 | 48,809,368 | |
United Community Banks | 1,680,717 | 45,379,359 | |
Valley National Bancorp | 4,830,364 | 44,342,741 | |
WesBanco | 1,439,477 | 36,505,137 | |
WSFS Financial | 1,292,963 | 50,813,446 | |
1,027,319,854 | |||
Healthcare — 16.09% | |||
Agios Pharmaceuticals † | 1,530,639 | 41,985,428 | |
Amicus Therapeutics † | 5,321,992 | 68,227,938 | |
Apellis Pharmaceuticals † | 753,839 | 31,819,544 | |
Artivion † | 2,341,597 | 39,619,821 | |
AtriCure † | 1,179,928 | 53,273,749 | |
Azenta † | 771,683 | 43,546,072 | |
Blueprint Medicines † | 1,159,821 | 57,828,675 | |
CONMED | 579,403 | 64,580,258 | |
Halozyme Therapeutics † | 1,803,318 | 76,749,214 | |
Insmed † | 2,614,501 | 57,231,427 | |
Inspire Medical Systems † | 132,770 | 30,122,858 | |
Intra-Cellular Therapies † | 897,916 | 49,852,296 | |
Lantheus Holdings † | 760,884 | 52,074,901 | |
Ligand Pharmaceuticals † | 669,881 | 44,058,073 | |
Merit Medical Systems † | 1,043,412 | 68,113,935 | |
NeoGenomics † | 2,228,818 | 33,499,135 | |
OmniAb † | 2,968,868 | 17,219,434 | |
OmniAb 12.5 =, † | 221,566 | 0 | |
OmniAb 15 =, † | 221,566 | 0 | |
Omnicell † | 604,281 | 34,359,418 | |
Pacific Biosciences of California † | 3,454,473 | 38,966,455 | |
PTC Therapeutics † | 1,339,220 | 52,899,190 | |
Shockwave Medical † | 178,532 | 39,346,668 | |
Supernus Pharmaceuticals † | 2,040,618 | 64,973,277 | |
TransMedics Group † | 962,333 | 63,157,915 |
NQ- NS [0823] 1023 (3151872) 3
Schedule of investments
Delaware Small Cap Core Fund (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Healthcare (continued) | |||
Travere Therapeutics † | 3,483,957 | $ 49,750,906 | |
1,173,256,587 | |||
Media — 0.59% | |||
IMAX † | 2,259,574 | 43,225,651 | |
43,225,651 | |||
Real Estate Investment Trusts — 6.61% | |||
Armada Hoffler Properties | 2,924,056 | 33,304,998 | |
DiamondRock Hospitality | 5,484,512 | 44,205,167 | |
Four Corners Property Trust | 2,049,200 | 51,557,872 | |
Independence Realty Trust | 3,850,174 | 64,798,428 | |
Kite Realty Group Trust | 3,462,695 | 78,153,026 | |
LXP Industrial Trust | 5,164,311 | 50,713,534 | |
Pebblebrook Hotel Trust | 2,567,670 | 37,154,185 | |
Phillips Edison & Co. | 1,262,402 | 42,744,932 | |
Physicians Realty Trust | 4,205,330 | 58,496,140 | |
RPT Realty | 1,868,501 | 21,188,801 | |
482,317,083 | |||
Technology — 15.36% | |||
Atkore † | 248,354 | 38,239,065 | |
Box Class A † | 1,966,051 | 52,061,031 | |
ExlService Holdings † | 2,852,871 | 83,389,419 | |
Ichor Holdings † | 1,060,969 | 38,863,294 | |
Instructure Holdings † | 1,512,278 | 39,183,123 | |
MACOM Technology Solutions Holdings † | 729,517 | 61,687,958 | |
MaxLinear † | 1,831,856 | 43,048,616 | |
Progress Software | 656,393 | 39,934,950 | |
Q2 Holdings † | 1,635,317 | 56,271,258 | |
Rapid7 † | 1,121,062 | 56,490,314 | |
Regal Rexnord | 195,726 | 31,744,800 | |
Semtech † | 1,526,943 | 39,929,559 | |
Silicon Laboratories † | 527,343 | 71,117,477 | |
Sprout Social Class A † | 842,911 | 45,129,455 | |
SPS Commerce † | 398,819 | 74,232,181 | |
Varonis Systems † | 2,008,180 | 64,121,187 | |
Verint Systems † | 1,474,705 | 47,765,695 | |
WNS Holdings ADR † | 844,891 | 55,213,627 | |
Workiva † | 526,497 | 58,888,689 | |
Yelp † | 1,460,955 | 62,601,922 | |
Ziff Davis † | 911,909 | 60,778,735 | |
1,120,692,355 |
4 NQ- NS [0823] 1023 (3151872)
(Unaudited)
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Transportation — 3.26% | |||
Allegiant Travel | 381,015 | $ 33,849,373 | |
ArcBest | 65,663 | 6,933,356 | |
Hub Group Class A † | 988,703 | 77,158,382 | |
Sun Country Airlines Holdings † | 3,092,870 | 46,052,834 | |
Werner Enterprises | 1,778,743 | 74,013,496 | |
238,007,441 | |||
Utilities — 1.88% | |||
Black Hills | 702,480 | 38,636,400 | |
NorthWestern | 942,482 | 47,501,093 | |
Spire | 875,269 | 51,124,462 | |
137,261,955 | |||
Total Common Stocks (cost $6,105,995,529) | 7,051,084,634 | ||
Short-Term Investments — 3.70% | |||
Money Market Mutual Funds — 3.70% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 5.22%) | 67,419,587 | 67,419,587 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 5.21%) | 67,419,586 | 67,419,586 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 5.36%) | 67,419,586 | 67,419,586 | |
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 5.25%) | 67,419,587 | 67,419,587 | |
Total Short-Term Investments (cost $269,678,346) | 269,678,346 | ||
Total Value of Securities—100.36% (cost $6,375,673,875) | 7,320,762,980 | ||
Liabilities Net of Receivables and Other Assets—(0.36%) | (26,427,570) | ||
Net Assets Applicable to 270,122,499 Shares Outstanding—100.00% | $7,294,335,410 |
† | Non-income producing security. |
= | The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security. |
Summary of abbreviations: |
ADR – American Depositary Receipt |
NQ- NS [0823] 1023 (3151872) 5