Schedule of investments
| Delaware Wealth Builder Fund | August 31, 2022 (Unaudited) |
| Principal amount° | Value (US $) | ||
| Agency Mortgage-Backed Securities — 2.64% | |||
| Fannie Mae 4.50% 2/1/44 | 44,421 | $ 45,057 | |
| Fannie Mae S.F. 15 yr | |||
| 2.00% 2/1/36 | 136,601 | 126,036 | |
| 2.50% 7/1/36 | 248,851 | 235,620 | |
| Fannie Mae S.F. 20 yr | |||
| 2.00% 3/1/41 | 41,187 | 36,397 | |
| 2.00% 5/1/41 | 177,119 | 156,538 | |
| 3.00% 3/1/33 | 243,191 | 234,065 | |
| 4.00% 9/1/42 | 253,000 | 249,634 | |
| Fannie Mae S.F. 30 yr | |||
| 2.00% 12/1/50 | 22,891 | 19,786 | |
| 2.00% 1/1/51 | 51,509 | 44,435 | |
| 2.00% 1/1/51 | 16,585 | 14,369 | |
| 2.00% 2/1/51 | 20,694 | 17,962 | |
| 2.00% 2/1/51 | 24,229 | 20,946 | |
| 2.00% 3/1/51 | 44,594 | 38,462 | |
| 2.00% 4/1/51 | 282,930 | 243,726 | |
| 2.00% 5/1/51 | 270,446 | 233,207 | |
| 2.00% 6/1/51 | 885,312 | 768,561 | |
| 2.50% 1/1/43 | 18,638 | 16,843 | |
| 2.50% 5/1/51 | 18,459 | 16,511 | |
| 2.50% 6/1/51 | 30,815 | 27,755 | |
| 2.50% 8/1/51 | 326,240 | 292,877 | |
| 2.50% 8/1/51 | 134,187 | 120,468 | |
| 2.50% 2/1/52 | 542,073 | 486,220 | |
| 3.00% 11/1/48 | 9,979 | 9,420 | |
| 3.00% 12/1/49 | 5,448 | 5,078 | |
| 3.00% 3/1/50 | 83,255 | 77,992 | |
| 3.00% 7/1/50 | 157,992 | 148,013 | |
| 3.00% 7/1/51 | 162,202 | 151,291 | |
| 3.00% 8/1/51 | 73,180 | 67,995 | |
| 3.00% 3/1/52 | 126,469 | 117,172 | |
| 3.50% 12/1/47 | 286,568 | 276,527 | |
| 3.50% 1/1/48 | 88,466 | 85,544 | |
| 3.50% 2/1/48 | 53,251 | 51,484 | |
| 3.50% 11/1/48 | 14,829 | 14,344 | |
| 3.50% 12/1/49 | 160,902 | 154,757 | |
| 3.50% 1/1/52 | 164,841 | 157,392 | |
| 3.50% 5/1/52 | 142,107 | 136,569 | |
| 3.50% 5/1/52 | 153,710 | 146,976 | |
| 4.00% 4/1/47 | 8,223 | 8,172 | |
NQ-129 [8/22] 10/22 (2460448) 1
Schedule of investments
Delaware Wealth Builder Fund (Unaudited)
| Principal amount° | Value (US $) | ||
| Agency Mortgage-Backed Securities (continued) | |||
| Fannie Mae S.F. 30 yr | |||
| 4.00% 6/1/48 | 93,551 | $ 92,826 | |
| 4.00% 9/1/48 | 4,075 | 4,044 | |
| 4.00% 6/1/49 | 7,473 | 7,419 | |
| 4.50% 10/1/45 | 57,283 | 58,456 | |
| 4.50% 11/1/47 | 30,028 | 30,515 | |
| 4.50% 4/1/48 | 357,638 | 364,182 | |
| 4.50% 7/1/48 | 273,401 | 273,991 | |
| 4.50% 1/1/49 | 15,050 | 15,167 | |
| 4.50% 1/1/50 | 11,432 | 11,485 | |
| 5.00% 7/1/49 | 89,181 | 91,483 | |
| 5.00% 6/1/52 | 165,075 | 166,936 | |
| 2.50% 1/1/51 | 280,951 | 253,841 | |
| Freddie Mac S.F. 15 yr | |||
| 2.00% 12/1/35 | 63,065 | 58,193 | |
| 3.00% 3/1/35 | 120,016 | 116,393 | |
| Freddie Mac S.F. 20 yr | |||
| 2.00% 3/1/41 | 46,807 | 41,536 | |
| 2.50% 6/1/41 | 398,891 | 364,440 | |
| 3.00% 9/1/40 | 112,501 | 105,938 | |
| 3.00% 4/1/42 | 241,607 | 226,836 | |
| 3.50% 9/1/35 | 171,379 | 169,939 | |
| Freddie Mac S.F. 30 yr | |||
| 2.00% 9/1/51 | 172,659 | 148,857 | |
| 2.50% 10/1/50 | 88,335 | 79,715 | |
| 2.50% 2/1/51 | 21,897 | 19,723 | |
| 3.00% 1/1/50 | 9,481 | 8,846 | |
| 3.00% 8/1/51 | 757,489 | 705,456 | |
| 3.50% 8/1/49 | 242,762 | 233,545 | |
| 4.00% 7/1/47 | 2,431 | 2,415 | |
| 4.00% 10/1/47 | 24,219 | 23,950 | |
| 4.00% 4/1/52 | 134,266 | 131,200 | |
| 4.50% 1/1/49 | 97,304 | 97,856 | |
| 4.50% 4/1/49 | 9,051 | 9,168 | |
| 4.50% 8/1/49 | 23,552 | 23,928 | |
| 3.50% 4/1/52 | 28,248 | 27,051 | |
| 3.50% 6/1/52 | 23,807 | 22,738 | |
| 4.00% 8/1/52 | 356,000 | 349,939 | |
2 NQ-129 [8/22] 10/22 (2460448)
(Unaudited)
| Principal amount° | Value (US $) | ||
| Agency Mortgage-Backed Securities (continued) | |||
| GNMA I S.F. 30 yr 3.00% 8/15/45 | 54,161 | $ 51,256 | |
| Total Agency Mortgage-Backed Securities (cost $10,389,438) | 9,443,464 | ||
| Collateralized Debt Obligations — 0.22% | |||
| Cedar Funding IX CLO Series 2018-9A A1 144A 3.69% (LIBOR03M + 0.98%, Floor 0.98%) 4/20/31 #, • | 250,000 | 245,804 | |
| Octagon Investment Partners 48 Series 2020-3A AR 144A 3.86% (LIBOR03M + 1.15%, Floor 1.15%) 10/20/34 #, • | 300,000 | 290,098 | |
| Sound Point Clo XXI Series 2018-3A A1A 144A 3.946% (LIBOR03M + 1.18%, Floor 1.18%) 10/26/31 #, • | 250,000 | 245,426 | |
| Total Collateralized Debt Obligations (cost $793,158) | 781,328 | ||
| Convertible Bonds — 8.18% | |||
| Basic Industry — 0.12% | |||
| Ivanhoe Mines 144A 2.50% exercise price $7.43, maturity date 4/15/26 # | 393,000 | 433,453 | |
| 433,453 | |||
| Capital Goods — 0.17% | |||
| Kaman 3.25% exercise price $65.26, maturity date 5/1/24 | 651,000 | 611,533 | |
| 611,533 | |||
| Communications — 0.86% | |||
| Cable One 1.125% exercise price $2,275.83, maturity date 3/15/28 | 983,000 | 801,145 | |
| DISH Network 3.375% exercise price $65.18, maturity date 8/15/26 | 1,420,000 | 1,025,327 | |
| Liberty Broadband 144A 1.25% exercise price $900.01, maturity date 9/30/50 # | 974,000 | 927,735 | |
| Liberty Latin America 2.00% exercise price $20.65, maturity date 7/15/24 | 373,000 | 329,639 | |
| 3,083,846 | |||
NQ-129 [8/22] 10/22 (2460448) 3
Schedule of investments
Delaware Wealth Builder Fund (Unaudited)
| Principal amount° | Value (US $) | ||
| Convertible Bonds (continued) | |||
| Consumer Cyclical — 0.58% | |||
| Cheesecake Factory 0.375% exercise price $77.77, maturity date 6/15/26 | 1,443,000 | $ 1,180,554 | |
| Ford Motor 1.03% exercise price $17.03, maturity date 3/15/26 ^ | 811,000 | 886,423 | |
| 2,066,977 | |||
| Consumer Non-Cyclical — 2.40% | |||
| BioMarin Pharmaceutical 0.599% exercise price $124.67, maturity date 8/1/24 | 539,000 | 556,080 | |
| Chefs' Warehouse 1.875% exercise price $44.20, maturity date 12/1/24 | 1,198,000 | 1,251,311 | |
| Chegg 4.269% exercise price $107.55, maturity date 9/1/26 ^ | 1,559,000 | 1,251,060 | |
| Coherus Biosciences 1.50% exercise price $19.26, maturity date 4/15/26 | 673,000 | 575,415 | |
| Collegium Pharmaceutical 2.625% exercise price $29.19, maturity date 2/15/26 | 539,000 | 481,614 | |
| CONMED 144A 2.25% exercise price $145.33, maturity date 6/15/27 # | 1,067,000 | 984,308 | |
| Integra LifeSciences Holdings 0.50% exercise price $73.67, maturity date 8/15/25 | 1,055,000 | 977,653 | |
| Ionis Pharmaceuticals 0.125% exercise price $83.28, maturity date 12/15/24 | 782,000 | 721,916 | |
| Jazz Investments I 2.00% exercise price $155.81, maturity date 6/15/26 | 460,000 | 545,675 | |
| Paratek Pharmaceuticals 4.75% exercise price $15.90, maturity date 5/1/24 | 1,360,000 | 1,214,752 | |
| 8,559,784 | |||
| Electric — 0.56% | |||
| NextEra Energy Partners 144A 0.357% exercise price $75.96, maturity date 11/15/25 #, ^ | 364,000 | ��407,304 | |
| NRG Energy 2.75% exercise price $43.77, maturity date 6/1/48 | 685,000 | 771,995 | |
| Ormat Technologies 144A 2.50% exercise price $90.27, maturity date 7/15/27 # | 686,000 | 830,746 | |
| 2,010,045 | |||
| Energy — 0.32% | |||
| Helix Energy Solutions Group 6.75% exercise price $6.97, maturity date 2/15/26 | 1,088,000 | 1,150,560 | |
| 1,150,560 | |||
4 NQ-129 [8/22] 10/22 (2460448)
(Unaudited)
| Principal amount° | Value (US $) | ||
| Convertible Bonds (continued) | |||
| Financials — 0.53% | |||
| FTI Consulting 2.00% exercise price $101.38, maturity date 8/15/23 | 610,000 | $ 979,599 | |
| Repay Holdings 144A 2.419% exercise price $33.60, maturity date 2/1/26 #, ^ | 1,188,000 | 905,028 | |
| 1,884,627 | |||
| Industrials — 0.33% | |||
| Chart Industries 144A 1.00% exercise price $58.73, maturity date 11/15/24 # | 331,000 | 1,096,669 | |
| Danimer Scientific 144A 3.25% exercise price $10.79, maturity date 12/15/26 # | 154,000 | 99,924 | |
| 1,196,593 | |||
| Real Estate Investment Trusts — 0.31% | |||
| Blackstone Mortgage Trust 4.75% exercise price $36.23, maturity date 3/15/23 | 810,000 | 813,381 | |
| Summit Hotel Properties 1.50% exercise price $11.99, maturity date 2/15/26 | 311,000 | 277,567 | |
| 1,090,948 | |||
| Technology — 1.59% | |||
| Block 0.125% exercise price $121.01, maturity date 3/1/25 | 1,193,000 | 1,185,544 | |
| InterDigital 144A 3.50% exercise price $77.49, maturity date 6/1/27 # | 1,279,000 | 1,225,282 | |
| ON Semiconductor 1.625% exercise price $20.72, maturity date 10/15/23 | 337,000 | 1,122,210 | |
| Palo Alto Networks 0.75% exercise price $266.35, maturity date 7/1/23 | 389,000 | 816,705 | |
| Quotient Technology 1.75% exercise price $17.36, maturity date 12/1/22 | 547,000 | 515,548 | |
| Vishay Intertechnology 2.25% exercise price $31.25, maturity date 6/15/25 | 416,000 | 396,394 | |
| Wolfspeed 144A 0.25% exercise price $127.22, maturity date 2/15/28 # | 385,000 | 436,975 | |
| 5,698,658 | |||
NQ-129 [8/22] 10/22 (2460448) 5
Schedule of investments
Delaware Wealth Builder Fund (Unaudited)
| Principal amount° | Value (US $) | ||
| Convertible Bonds (continued) | |||
| Transportation — 0.41% | |||
| Seaspan 144A 3.75% exercise price $13.01, maturity date 12/15/25 # | 398,000 | $ 473,620 | |
| Spirit Airlines 1.00% exercise price $49.07, maturity date 5/15/26 | 1,113,000 | 977,214 | |
| 1,450,834 | |||
| Total Convertible Bonds (cost $28,220,700) | 29,237,858 | ||
| Corporate Bonds — 12.94% | |||
| Automotive — 0.25% | |||
| Allison Transmission 144A 5.875% 6/1/29 # | 335,000 | 315,362 | |
| Ford Motor Credit | |||
| 3.375% 11/13/25 | 240,000 | 219,442 | |
| 4.542% 8/1/26 | 260,000 | 242,481 | |
| Goodyear Tire & Rubber 5.25% 7/15/31 | 135,000 | 116,562 | |
| 893,847 | |||
| Banking — 1.74% | |||
| Banco Continental 144A 2.75% 12/10/25 # | 200,000 | 178,789 | |
| Banco del Estado de Chile 144A 2.704% 1/9/25 # | 205,000 | 195,280 | |
| Banco Nacional de Panama 144A 2.50% 8/11/30 # | 200,000 | 162,099 | |
| Bank of America | |||
| 1.922% 10/24/31 μ | 560,000 | 443,387 | |
| 2.456% 10/22/25 μ | 15,000 | 14,318 | |
| 2.482% 9/21/36 μ | 140,000 | 108,619 | |
| 2.884% 10/22/30 μ | 20,000 | 17,389 | |
| 3.194% 7/23/30 μ | 55,000 | 49,001 | |
| Barclays 6.125% 12/15/25 μ, ψ | 200,000 | 184,990 | |
| BBVA Bancomer | |||
| 144A 1.875% 9/18/25 # | 200,000 | 184,068 | |
| 144A 6.75% 9/30/22 # | 274,000 | 274,485 | |
| Citigroup 4.45% 9/29/27 | 465,000 | 453,631 | |
| Credit Agricole 144A 2.811% 1/11/41 # | 275,000 | 185,804 | |
| Credit Suisse Group 144A 2.593% 9/11/25 #, μ | 250,000 | 231,373 | |
| Deutsche Bank | |||
| 2.222% 9/18/24 μ | 300,000 | 289,439 | |
| 6.00% 10/30/25 μ, ψ | 200,000 | 163,900 | |
| Development Bank of Kazakhstan 144A 10.95% 5/6/26 # | KZT | 100,000,000 | 171,262 |
6 NQ-129 [8/22] 10/22 (2460448)
(Unaudited)
| Principal amount° | Value (US $) | ||
| Corporate Bonds (continued) | |||
| Banking (continued) | |||
| Goldman Sachs Group | |||
| 1.542% 9/10/27 μ | 105,000 | $ 92,370 | |
| 2.615% 4/22/32 μ | 355,000 | 293,569 | |
| 3.50% 4/1/25 | 80,000 | 78,253 | |
| JPMorgan Chase & Co. | |||
| 1.764% 11/19/31 μ | 80,000 | 62,999 | |
| 2.58% 4/22/32 μ | 435,000 | 359,693 | |
| 2.739% 10/15/30 μ | 20,000 | 17,336 | |
| 5.00% 8/1/24 μ, ψ | 85,000 | 78,678 | |
| Morgan Stanley | |||
| 1.794% 2/13/32 μ | 315,000 | 247,418 | |
| 2.484% 9/16/36 μ | 70,000 | 53,931 | |
| 5.00% 11/24/25 | 95,000 | 96,531 | |
| NBK SPC 144A 1.625% 9/15/27 #, μ | 200,000 | 179,146 | |
| PNC Financial Services Group 2.60% 7/23/26 | 180,000 | 170,107 | |
| State Street | |||
| 3.10% 5/15/23 | 10,000 | 9,965 | |
| 3.30% 12/16/24 | 130,000 | 128,944 | |
| SVB Financial Group 4.00% 5/15/26 μ, ψ | 305,000 | 247,078 | |
| Truist Bank 2.636% 9/17/29 μ | 185,000 | 175,568 | |
| Truist Financial 4.95% 9/1/25 μ, ψ | 55,000 | 54,381 | |
| US Bancorp | |||
| 3.00% 7/30/29 | 150,000 | 135,529 | |
| 3.10% 4/27/26 | 210,000 | 202,294 | |
| 3.375% 2/5/24 | 60,000 | 59,739 | |
| Wells Fargo & Co. 3.526% 3/24/28 μ | 190,000 | 179,599 | |
| 6,230,962 | |||
| Basic Industry — 0.61% | |||
| AngloGold Ashanti Holdings 3.75% 10/1/30 | 200,000 | 170,292 | |
| Antofagasta 144A 5.625% 5/13/32 # | 200,000 | 198,250 | |
| ATI 5.125% 10/1/31 | 75,000 | 66,092 | |
| Avient 144A 5.75% 5/15/25 # | 88,000 | 86,899 | |
| Chemours 144A 5.75% 11/15/28 # | 180,000 | 161,389 | |
| First Quantum Minerals 144A 7.50% 4/1/25 # | 250,000 | 246,363 | |
| FMG Resources August 2006 Pty 144A 5.875% 4/15/30 # | 140,000 | 129,359 | |
| Freeport-McMoRan 5.45% 3/15/43 | 230,000 | 207,346 | |
| INEOS Quattro Finance 2 144A 3.375% 1/15/26 # | 200,000 | 173,352 | |
| Newmont 2.80% 10/1/29 | 190,000 | 166,116 | |
| Novelis 144A 4.75% 1/30/30 # | 175,000 | 152,460 | |
NQ-129 [8/22] 10/22 (2460448) 7
Schedule of investments
Delaware Wealth Builder Fund (Unaudited)
| Principal amount° | Value (US $) | ||
| Corporate Bonds (continued) | |||
| Basic Industry (continued) | |||
| OCP 144A 3.75% 6/23/31 # | 200,000 | $ 165,221 | |
| Olin 5.00% 2/1/30 | 100,000 | 90,874 | |
| Sherwin-Williams 2.90% 3/15/52 | 235,000 | 156,620 | |
| 2,170,633 | |||
| Brokerage — 0.05% | |||
| Jefferies Group | |||
| 4.15% 1/23/30 | 170,000 | 153,053 | |
| 6.45% 6/8/27 | 10,000 | 10,446 | |
| 6.50% 1/20/43 | 5,000 | 5,089 | |
| 168,588 | |||
| Capital Goods — 0.48% | |||
| ARD Finance 144A PIK 6.50% 6/30/27 #, > | 200,000 | 155,413 | |
| Madison IAQ 144A 5.875% 6/30/29 # | 150,000 | 123,657 | |
| Parker-Hannifin 4.25% 9/15/27 | 295,000 | 292,132 | |
| Sealed Air 144A 5.00% 4/15/29 # | 130,000 | 123,733 | |
| Teledyne Technologies | |||
| 0.95% 4/1/24 | 105,000 | 99,323 | |
| 2.75% 4/1/31 | 430,000 | 358,818 | |
| Terex 144A 5.00% 5/15/29 # | 195,000 | 174,739 | |
| TK Elevator US Newco 144A 5.25% 7/15/27 # | 200,000 | 182,261 | |
| TransDigm 144A 6.25% 3/15/26 # | 187,000 | 183,957 | |
| 1,694,033 | |||
| Communications — 1.22% | |||
| Altice France 144A 5.50% 10/15/29 # | 180,000 | 142,368 | |
| Altice France Holding 144A 6.00% 2/15/28 # | 310,000 | 210,704 | |
| AT&T | |||
| 1.70% 3/25/26 | 105,000 | 95,897 | |
| 4.35% 3/1/29 | 280,000 | 273,389 | |
| Cellnex Finance 144A 3.875% 7/7/41 # | 200,000 | 138,995 | |
| Charter Communications Operating | |||
| 4.40% 12/1/61 | 40,000 | 28,192 | |
| 4.80% 3/1/50 | 240,000 | 188,717 | |
| 5.05% 3/30/29 | 100,000 | 96,413 | |
| Comcast 3.20% 7/15/36 | 340,000 | 286,766 | |
| Connect Finco 144A 6.75% 10/1/26 # | 250,000 | 229,556 | |
| Consolidated Communications | |||
| 144A 5.00% 10/1/28 # | 80,000 | 61,735 | |
| 144A 6.50% 10/1/28 # | 125,000 | 100,900 | |
| Crown Castle 1.05% 7/15/26 | 375,000 | 328,746 | |
8 NQ-129 [8/22] 10/22 (2460448)
(Unaudited)
| Principal amount° | Value (US $) | ||
| Corporate Bonds (continued) | |||
| Communications (continued) | |||
| Discovery Communications | |||
| 4.00% 9/15/55 | 40,000 | $ 26,543 | |
| 4.125% 5/15/29 | 240,000 | 219,036 | |
| Frontier Communications Holdings | |||
| 144A 5.875% 10/15/27 # | 240,000 | 224,309 | |
| 144A 6.75% 5/1/29 # | 75,000 | 64,781 | |
| Magallanes 144A 3.755% 3/15/27 # | 270,000 | 252,327 | |
| Millicom International Cellular 144A 4.50% 4/27/31 # | 200,000 | 164,299 | |
| Ooredoo International Finance 144A 5.00% 10/19/25 # | 200,000 | 205,818 | |
| Time Warner Cable 7.30% 7/1/38 | 60,000 | 61,735 | |
| Time Warner Entertainment 8.375% 3/15/23 | 25,000 | 25,608 | |
| T-Mobile USA | |||
| 2.55% 2/15/31 | 125,000 | 104,144 | |
| 2.625% 4/15/26 | 95,000 | 88,051 | |
| 3.00% 2/15/41 | 270,000 | 197,890 | |
| 3.375% 4/15/29 | 95,000 | 85,701 | |
| 3.50% 4/15/31 | 68,000 | 60,314 | |
| 3.875% 4/15/30 | 120,000 | 110,999 | |
| Verizon Communications | |||
| 2.10% 3/22/28 | 200,000 | 176,884 | |
| 4.50% 8/10/33 | 95,000 | 91,606 | |
| 4,342,423 | |||
| Consumer Cyclical — 0.44% | |||
| Aptiv 3.10% 12/1/51 | 285,000 | 178,682 | |
| AutoNation 1.95% 8/1/28 | 210,000 | 172,841 | |
| B2W Digital 144A 4.375% 12/20/30 # | 200,000 | 154,198 | |
| Ford Motor Credit 2.90% 2/16/28 | 260,000 | 217,932 | |
| General Motors Financial | |||
| 2.525% (SOFR + 0.76%) 3/8/24 • | 110,000 | 108,413 | |
| 4.35% 4/9/25 | 130,000 | 128,222 | |
| 5.25% 3/1/26 | 205,000 | 206,530 | |
| Hutama Karya Persero 144A 3.75% 5/11/30 # | 200,000 | 188,618 | |
| Lowe's 4.25% 4/1/52 | 270,000 | 230,439 | |
| 1,585,875 | |||
| Consumer Goods — 0.07% | |||
| JBS USA LUX 144A 6.50% 4/15/29 # | 36,000 | 37,309 | |
| Pilgrim's Pride 144A 4.25% 4/15/31 # | 110,000 | 94,900 | |
NQ-129 [8/22] 10/22 (2460448) 9
Schedule of investments
Delaware Wealth Builder Fund (Unaudited)
| Principal amount° | Value (US $) | ||
| Corporate Bonds (continued) | |||
| Consumer Goods (continued) | |||
| Post Holdings 144A 5.625% 1/15/28 # | 120,000 | $ 114,131 | |
| 246,340 | |||
| Consumer Non-Cyclical — 0.69% | |||
| Anheuser-Busch InBev Worldwide 3.65% 2/1/26 | 125,000 | 122,924 | |
| BAT Capital 2.259% 3/25/28 | 55,000 | 46,470 | |
| Biogen 3.15% 5/1/50 | 275,000 | 187,897 | |
| Bunge Finance | |||
| 1.63% 8/17/25 | 150,000 | 139,359 | |
| 2.75% 5/14/31 | 165,000 | 138,750 | |
| Central American Bottling 144A 5.25% 4/27/29 # | 200,000 | 185,845 | |
| CVS Health | |||
| 2.70% 8/21/40 | 555,000 | 401,674 | |
| 3.25% 8/15/29 | 185,000 | 169,212 | |
| Gilead Sciences 4.15% 3/1/47 | 250,000 | 217,792 | |
| HCA 144A 3.125% 3/15/27 # | 385,000 | 354,740 | |
| InRetail Consumer 144A 3.25% 3/22/28 # | 200,000 | 171,820 | |
| Royalty Pharma 1.20% 9/2/25 | 370,000 | 336,601 | |
| 2,473,084 | |||
| Electric — 0.62% | |||
| CenterPoint Energy 1.45% 6/1/26 | 255,000 | 230,191 | |
| Duke Energy 4.875% 9/16/24 μ, ψ | 240,000 | 226,800 | |
| Entergy Louisiana 4.95% 1/15/45 | 5,000 | 4,817 | |
| Entergy Mississippi 2.85% 6/1/28 | 60,000 | 54,664 | |
| Entergy Texas 3.55% 9/30/49 | 115,000 | 90,371 | |
| Evergy 2.90% 9/15/29 | 160,000 | 140,587 | |
| Evergy Metro 3.65% 8/15/25 | 25,000 | 24,663 | |
| NextEra Energy Capital Holdings | |||
| 3.00% 1/15/52 | 270,000 | 193,692 | |
| 5.65% 5/1/79 μ | 55,000 | 50,307 | |
| Pacific Gas and Electric 2.10% 8/1/27 | 325,000 | 275,141 | |
| PacifiCorp 2.90% 6/15/52 | 425,000 | 307,249 | |
| Southern California Edison | |||
| 4.00% 4/1/47 | 320,000 | 259,577 | |
| 4.875% 3/1/49 | 45,000 | 41,395 | |
| Southwestern Electric Power 4.10% 9/15/28 | 165,000 | 159,631 | |
| UEP Penonome II 144A 6.50% 10/1/38 # | 189,725 | 168,855 | |
| 2,227,940 | |||
10 NQ-129 [8/22] 10/22 (2460448)
(Unaudited)
| Principal amount° | Value (US $) | ||
| Corporate Bonds (continued) | |||
| Energy — 1.69% | |||
| Ascent Resources Utica Holdings | |||
| 144A 5.875% 6/30/29 # | 160,000 | $ 144,335 | |
| 144A 7.00% 11/1/26 # | 80,000 | 77,914 | |
| BP Capital Markets America | |||
| 2.939% 6/4/51 | 275,000 | 197,490 | |
| 3.06% 6/17/41 | 70,000 | 55,030 | |
| Callon Petroleum 144A 8.00% 8/1/28 # | 170,000 | 163,376 | |
| CNX Midstream Partners 144A 4.75% 4/15/30 # | 65,000 | 54,969 | |
| CNX Resources 144A 6.00% 1/15/29 # | 135,000 | 127,111 | |
| ConocoPhillips 3.80% 3/15/52 | 225,000 | 194,112 | |
| Crestwood Midstream Partners 144A 6.00% 2/1/29 # | 188,000 | 173,976 | |
| Diamondback Energy 3.125% 3/24/31 | 235,000 | 202,982 | |
| Enbridge | |||
| 2.50% 8/1/33 | 245,000 | 198,368 | |
| 2.695% (SOFR + 0.40%) 2/17/23 • | 125,000 | 124,614 | |
| Energy Transfer | |||
| 5.25% 4/15/29 | 95,000 | 92,757 | |
| 6.25% 4/15/49 | 60,000 | 58,916 | |
| 6.50% 11/15/26 μ, ψ | 120,000 | 111,092 | |
| Enterprise Products Operating 3.20% 2/15/52 | 335,000 | 242,304 | |
| EQM Midstream Partners 144A 4.75% 1/15/31 # | 235,000 | 203,665 | |
| Genesis Energy | |||
| 7.75% 2/1/28 | 285,000 | 264,628 | |
| 8.00% 1/15/27 | 175,000 | 166,139 | |
| Hilcorp Energy I | |||
| 144A 6.00% 4/15/30 # | 145,000 | 133,689 | |
| 144A 6.00% 2/1/31 # | 20,000 | 18,158 | |
| 144A 6.25% 4/15/32 # | 83,000 | 74,509 | |
| KazTransGas 144A 4.375% 9/26/27 # | 381,000 | 347,186 | |
| Marathon Oil 4.40% 7/15/27 | 230,000 | 223,463 | |
| MPLX | |||
| 4.00% 3/15/28 | 30,000 | 28,732 | |
| 4.125% 3/1/27 | 135,000 | 131,008 | |
| 5.50% 2/15/49 | 55,000 | 52,474 | |
| Murphy Oil 6.375% 7/15/28 | 295,000 | 290,908 | |
| NuStar Logistics | |||
| 5.625% 4/28/27 | 163,000 | 148,656 | |
| 6.00% 6/1/26 | 78,000 | 73,737 | |
NQ-129 [8/22] 10/22 (2460448) 11
Schedule of investments
Delaware Wealth Builder Fund (Unaudited)
| Principal amount° | Value (US $) | ||
| Corporate Bonds (continued) | |||
| Energy (continued) | |||
| Occidental Petroleum | |||
| 6.45% 9/15/36 | 55,000 | $ 58,848 | |
| 6.60% 3/15/46 | 155,000 | 170,887 | |
| 6.625% 9/1/30 | 40,000 | 42,788 | |
| PDC Energy 5.75% 5/15/26 | 205,000 | 196,553 | |
| PTTEP Treasury Center 144A 2.587% 6/10/27 # | 185,000 | 168,890 | |
| Qatar Energy 144A 2.25% 7/12/31 # | 200,000 | 174,825 | |
| Sabine Pass Liquefaction | |||
| 5.625% 3/1/25 | 55,000 | 56,044 | |
| 5.75% 5/15/24 | 210,000 | 213,125 | |
| Southwestern Energy | |||
| 5.375% 2/1/29 | 20,000 | 18,940 | |
| 5.375% 3/15/30 | 95,000 | 89,173 | |
| 7.75% 10/1/27 | 85,000 | 88,224 | |
| Tengizchevroil Finance Co. International 144A 2.625% 8/15/25 # | 200,000 | 173,840 | |
| Tennessee Gas Pipeline 144A 2.90% 3/1/30 # | 130,000 | 111,885 | |
| Weatherford International 144A 8.625% 4/30/30 # | 85,000 | 76,981 | |
| 6,017,301 | |||
| Finance Companies — 0.23% | |||
| AerCap Ireland Capital 4.45% 4/3/26 | 300,000 | 288,508 | |
| Air Lease 2.875% 1/15/26 | 250,000 | 230,784 | |
| Aviation Capital Group 144A 1.95% 1/30/26 # | 365,000 | 315,176 | |
| 834,468 | |||
| Financial Services — 0.27% | |||
| AerCap Holdings 5.875% 10/10/79 μ | 185,000 | 167,836 | |
| Air Lease 4.65% 6/15/26 μ, ψ | 135,000 | 117,701 | |
| Ally Financial 8.00% 11/1/31 | 135,000 | 150,398 | |
| Castlelake Aviation Finance 144A 5.00% 4/15/27 # | 170,000 | 147,366 | |
| Hightower Holding 144A 6.75% 4/15/29 # | 110,000 | 93,020 | |
| Midcap Financial Issuer Trust 144A 6.50% 5/1/28 # | 200,000 | 171,826 | |
| MSCI 144A 3.625% 11/1/31 # | 155,000 | 129,377 | |
| 977,524 | |||
| Financials — 0.11% | |||
| Bank of Georgia JSC 144A 6.00% 7/26/23 # | 200,000 | 203,214 | |
| MAF Sukuk 3.932% 2/28/30 | 200,000 | 195,375 | |
| 398,589 | |||
12 NQ-129 [8/22] 10/22 (2460448)
(Unaudited)
| Principal amount° | Value (US $) | ||
| Corporate Bonds (continued) | |||
| Healthcare — 0.56% | |||
| Bausch Health 144A 6.25% 2/15/29 # | 325,000 | $ 123,207 | |
| Cheplapharm Arzneimittel 144A 5.50% 1/15/28 # | 200,000 | 171,905 | |
| Community Health Systems 144A 4.75% 2/15/31 # | 135,000 | 99,860 | |
| DaVita 144A 4.625% 6/1/30 # | 150,000 | 120,940 | |
| Encompass Health 5.75% 9/15/25 | 174,000 | 172,680 | |
| Hadrian Merger Sub 144A 8.50% 5/1/26 # | 200,000 | 191,767 | |
| HCA | |||
| 5.375% 2/1/25 | 124,000 | 125,335 | |
| 5.875% 2/15/26 | 159,000 | 162,555 | |
| 7.58% 9/15/25 | 159,000 | 171,218 | |
| ModivCare Escrow Issuer 144A 5.00% 10/1/29 # | 135,000 | 119,229 | |
| Organon & Co. 144A 5.125% 4/30/31 # | 250,000 | 219,065 | |
| Tenet Healthcare | |||
| 144A 4.25% 6/1/29 # | 175,000 | 151,216 | |
| 144A 6.125% 10/1/28 # | 200,000 | 183,753 | |
| 2,012,730 | |||
| Insurance — 0.55% | |||
| Arthur J Gallagher & Co. 3.50% 5/20/51 | 400,000 | 305,278 | |
| Athene Global Funding 144A 1.00% 4/16/24 # | 90,000 | 84,711 | |
| Athene Holding 3.95% 5/25/51 | 365,000 | 278,021 | |
| Brown & Brown 4.95% 3/17/52 | 185,000 | 165,215 | |
| GA Global Funding Trust 144A 1.00% 4/8/24 # | 365,000 | 343,147 | |
| HUB International 144A 5.625% 12/1/29 # | 155,000 | 135,778 | |
| NFP | |||
| 144A 6.875% 8/15/28 # | 120,000 | 98,803 | |
| 144A 7.50% 10/1/30 # | 55,000 | 54,236 | |
| Roller Bearing Co. of America 144A 4.375% 10/15/29 # | 190,000 | 170,762 | |
| USI 144A 6.875% 5/1/25 # | 343,000 | 336,464 | |
| 1,972,415 | |||
| Leisure — 0.42% | |||
| Boyd Gaming | |||
| 4.75% 12/1/27 | 185,000 | 172,953 | |
| 144A 4.75% 6/15/31 # | 39,000 | 33,998 | |
| Caesars Entertainment 144A 6.25% 7/1/25 # | 370,000 | 361,749 | |
| Carnival | |||
| 144A 5.75% 3/1/27 # | 330,000 | 257,039 | |
| 144A 7.625% 3/1/26 # | 235,000 | 200,384 | |
| Royal Caribbean Cruises 144A 5.50% 4/1/28 # | 330,000 | 249,566 | |
NQ-129 [8/22] 10/22 (2460448) 13
Schedule of investments
Delaware Wealth Builder Fund (Unaudited)
| Principal amount° | Value (US $) | ||
| Corporate Bonds (continued) | |||
| Leisure (continued) | |||
| Scientific Games International 144A 7.25% 11/15/29 # | 115,000 | $ 113,275 | |
| Six Flags Entertainment 144A 4.875% 7/31/24 # | 110,000 | 105,703 | |
| 1,494,667 | |||
| Media — 0.62% | |||
| AMC Networks 4.25% 2/15/29 | 395,000 | 322,952 | |
| CCO Holdings | |||
| 144A 4.50% 8/15/30 # | 80,000 | 67,376 | |
| 4.50% 5/1/32 | 45,000 | 36,573 | |
| 144A 5.375% 6/1/29 # | 380,000 | 347,586 | |
| CMG Media 144A 8.875% 12/15/27 # | 180,000 | 155,092 | |
| CSC Holdings | |||
| 144A 3.375% 2/15/31 # | 200,000 | 150,146 | |
| 144A 5.00% 11/15/31 # | 215,000 | 153,640 | |
| 5.25% 6/1/24 | 5,000 | 4,881 | |
| Cumulus Media New Holdings 144A 6.75% 7/1/26 # | 183,000 | 163,995 | |
| Directv Financing 144A 5.875% 8/15/27 # | 115,000 | 105,384 | |
| DISH DBS 144A 5.75% 12/1/28 # | 125,000 | 96,218 | |
| Gray Television 144A 4.75% 10/15/30 # | 175,000 | 144,462 | |
| Nielsen Finance | |||
| 144A 4.50% 7/15/29 # | 45,000 | 45,247 | |
| 144A 4.75% 7/15/31 # | 150,000 | 149,251 | |
| Sirius XM Radio 144A 4.00% 7/15/28 # | 315,000 | 274,837 | |
| 2,217,640 | |||
| Natural Gas — 0.05% | |||
| Infraestructura Energetica Nova 144A 3.75% 1/14/28 # | 205,000 | 188,501 | |
| 188,501 | |||
| Real Estate Investment Trusts — 0.08% | |||
| CubeSmart 3.00% 2/15/30 | 140,000 | 122,219 | |
| VICI Properties | |||
| 144A 3.875% 2/15/29 # | 35,000 | 31,176 | |
| 144A 5.75% 2/1/27 # | 120,000 | 118,308 | |
| 271,703 | |||
| Retail — 0.34% | |||
| Asbury Automotive Group | |||
| 144A 4.625% 11/15/29 # | 170,000 | 145,983 | |
| 4.75% 3/1/30 | 85,000 | 72,367 | |
14 NQ-129 [8/22] 10/22 (2460448)
(Unaudited)
| Principal amount° | Value (US $) | ||
| Corporate Bonds (continued) | |||
| Retail (continued) | |||
| Bath & Body Works | |||
| 6.875% 11/1/35 | 180,000 | $ 157,426 | |
| 6.95% 3/1/33 | 122,000 | 100,393 | |
| CP Atlas Buyer 144A 7.00% 12/1/28 # | 70,000 | 57,235 | |
| Levi Strauss & Co. 144A 3.50% 3/1/31 # | 160,000 | 134,637 | |
| LSF9 Atlantis Holdings 144A 7.75% 2/15/26 # | 184,000 | 170,493 | |
| Murphy Oil USA 144A 3.75% 2/15/31 # | 165,000 | 139,635 | |
| PetSmart 144A 7.75% 2/15/29 # | 250,000 | 235,936 | |
| 1,214,105 | |||
| Services — 0.29% | |||
| Gartner 144A 4.50% 7/1/28 # | 125,000 | 115,603 | |
| Iron Mountain 144A 4.50% 2/15/31 # | 320,000 | 266,235 | |
| NESCO Holdings II 144A 5.50% 4/15/29 # | 105,000 | 92,585 | |
| Prime Security Services Borrower 144A 5.75% 4/15/26 # | 225,000 | 216,766 | |
| United Rentals North America 3.875% 2/15/31 | 176,000 | 152,429 | |
| Univar Solutions USA 144A 5.125% 12/1/27 # | 135,000 | 125,764 | |
| White Cap Buyer 144A 6.875% 10/15/28 # | 65,000 | 57,058 | |
| 1,026,440 | |||
| Technology — 0.72% | |||
| Autodesk 2.40% 12/15/31 | 300,000 | 248,439 | |
| Broadcom 144A 3.469% 4/15/34 # | 345,000 | 279,650 | |
| CDW 3.276% 12/1/28 | 285,000 | 251,504 | |
| Fidelity National Information Services 1.65% 3/1/28 | 365,000 | 311,593 | |
| Fiserv 3.20% 7/1/26 | 235,000 | 223,739 | |
| Global Payments 2.65% 2/15/25 | 104,000 | 99,056 | |
| Marvell Technology 2.45% 4/15/28 | 260,000 | 226,167 | |
| Microchip Technology | |||
| 0.972% 2/15/24 | 255,000 | 242,889 | |
| 0.983% 9/1/24 | 100,000 | 93,446 | |
| NXP | |||
| 3.25% 5/11/41 | 60,000 | 43,662 | |
| 4.875% 3/1/24 | 230,000 | 231,058 | |
| PayPal Holdings 2.65% 10/1/26 | 340,000 | 322,872 | |
| 2,574,075 | |||
| Technology & Electronics — 0.25% | |||
| Entegris Escrow 144A 5.95% 6/15/30 # | 165,000 | 156,757 | |
| Go Daddy Operating 144A 3.50% 3/1/29 # | 175,000 | 148,403 | |
| Minerva Merger 144A 6.50% 2/15/30 # | 125,000 | 106,283 | |
NQ-129 [8/22] 10/22 (2460448) 15
Schedule of investments
Delaware Wealth Builder Fund (Unaudited)
| Principal amount° | Value (US $) | ||
| Corporate Bonds (continued) | |||
| Technology & Electronics (continued) | |||
| NCR 144A 5.25% 10/1/30 # | 125,000 | $ 115,627 | |
| Sensata Technologies 144A 4.00% 4/15/29 # | 200,000 | 172,960 | |
| SS&C Technologies 144A 5.50% 9/30/27 # | 195,000 | 185,011 | |
| 885,041 | |||
| Telecommunications — 0.05% | |||
| Digicel International Finance 144A 8.75% 5/25/24 # | 200,000 | 191,845 | |
| 191,845 | |||
| Transportation — 0.33% | |||
| Delta Air Lines 7.375% 1/15/26 | 97,000 | 99,070 | |
| Laredo Petroleum 144A 7.75% 7/31/29 # | 120,000 | 115,101 | |
| Mileage Plus Holdings 144A 6.50% 6/20/27 # | 180,000 | 180,677 | |
| Rutas 2 and 7 Finance 144A 3.413% 9/30/36 #, ^ | 193,333 | 123,611 | |
| Seaspan 144A 5.50% 8/1/29 # | 165,000 | 136,125 | |
| Southwest Airlines 5.125% 6/15/27 | 200,000 | 204,114 | |
| United Airlines | |||
| 144A 4.375% 4/15/26 # | 65,000 | 59,351 | |
| 144A 4.625% 4/15/29 # | 80,000 | 70,300 | |
| VistaJet Malta Finance 144A 6.375% 2/1/30 # | 225,000 | 193,894 | |
| 1,182,243 | |||
| Utilities — 0.21% | |||
| Calpine | |||
| 144A 4.50% 2/15/28 # | 67,000 | 61,380 | |
| 144A 5.00% 2/1/31 # | 185,000 | 155,118 | |
| 144A 5.25% 6/1/26 # | 60,000 | 58,323 | |
| PG&E 5.25% 7/1/30 | 95,000 | 82,289 | |
| Sociedad de Transmision Austral 144A 4.00% 1/27/32 # | 200,000 | 174,861 | |
| Vistra | |||
| 144A 7.00% 12/15/26 #, μ, ψ | 150,000 | 138,564 | |
| 144A 8.00% 10/15/26 #, μ, ψ | 90,000 | 86,473 | |
| 757,008 | |||
| Total Corporate Bonds (cost $52,580,251) | 46,250,020 | ||
| Non-Agency Asset-Backed Securities — 0.33% | |||
| Diamond Infrastructure Funding Series 2021-1A A 144A 1.76% 4/15/49 # | 100,000 | 85,285 | |
| Domino's Pizza Master Issuer Series 2021-1A A2I 144A 2.662% 4/25/51 # | 98,750 | 84,745 | |
16 NQ-129 [8/22] 10/22 (2460448)
(Unaudited)
| Principal amount° | Value (US $) | ||
| Non-Agency Asset-Backed Securities (continued) | |||
| Enterprise Fleet Financing Series 2022-2 A2 144A 4.65% 5/21/29 # | 150,000 | $ 150,524 | |
| Taco Bell Funding Series 2021-1A A2I 144A 1.946% 8/25/51 # | 198,500 | 172,438 | |
| Toyota Auto Loan Extended Note Trust Series 2022-1A A 144A 3.82% 4/25/35 # | 250,000 | 246,878 | |
| Trafigura Securitisation Finance Series 2021-1A A2 144A 1.08% 1/15/25 # | 250,000 | 224,686 | |
| Volkswagen Auto Lease Trust Series 2022-A A3 3.44% 7/21/25 | 230,000 | 227,996 | |
| Total Non-Agency Asset-Backed Securities (cost $1,277,077) | 1,192,552 | ||
| Non-Agency Collateralized Mortgage Obligations — 0.03% | |||
| JP Morgan Mortgage Trust Series 2021-10 A3 144A 2.50% 12/25/51 #, • | 44,977 | 37,678 | |
| Morgan Stanley Residential Mortgage Loan Trust Series 2021-4 A3 144A 2.50% 7/25/51 #, • | 90,264 | 76,205 | |
| Total Non-Agency Collateralized Mortgage Obligations (cost $137,713) | 113,883 | ||
| Non-Agency Commercial Mortgage-Backed Securities — 1.33% | |||
| BANK | |||
| Series 2017-BNK5 B 3.896% 6/15/60 • | 95,000 | 87,715 | |
| Series 2019-BN20 A3 3.011% 9/15/62 | 250,000 | 228,038 | |
| Series 2020-BN25 A5 2.649% 1/15/63 | 350,000 | 310,331 | |
| Series 2021-BN36 A5 2.47% 9/15/64 | 615,000 | 525,999 | |
| Series 2022-BNK40 A4 3.507% 3/15/64 • | 500,000 | 462,521 | |
| Benchmark Mortgage Trust | |||
| Series 2020-B17 A5 2.289% 3/15/53 | 350,000 | 300,999 | |
| Series 2020-B20 A5 2.034% 10/15/53 | 300,000 | 250,816 | |
| Series 2021-B24 A5 2.584% 3/15/54 | 260,000 | 225,402 | |
| Series 2022-B33 A5 3.458% 3/15/55 | 500,000 | 463,559 | |
| CD Mortgage Trust Series 2019-CD8 A4 2.912% 8/15/57 | 250,000 | 225,017 | |
| CFCRE Commercial Mortgage Trust Series 2016-C7 A3 3.839% 12/10/54 | 100,000 | 96,642 | |
| Citigroup Commercial Mortgage Trust Series 2019-C7 A4 3.102% 12/15/72 | 350,000 | 318,082 | |
| Grace Trust Series 2020-GRCE A 144A 2.347% 12/10/40 # | 100,000 | 81,796 | |
NQ-129 [8/22] 10/22 (2460448) 17
Schedule of investments
Delaware Wealth Builder Fund (Unaudited)
| Principal amount° | Value (US $) | ||
| Non-Agency Commercial Mortgage-Backed Securities (continued) | |||
| GS Mortgage Securities Trust | |||
| Series 2017-GS6 A3 3.433% 5/10/50 | 165,000 | $ 157,490 | |
| Series 2019-GC42 A4 3.001% 9/1/52 | 350,000 | 319,554 | |
| Series 2020-GC47 A5 2.377% 5/12/53 | 250,000 | 216,471 | |
| JPM-BB Commercial Mortgage Securities Trust Series 2015-C33 A4 3.77% 12/15/48 | 150,000 | 146,530 | |
| Wells Fargo Commercial Mortgage Trust Series 2019-C54 A4 3.146% 12/15/52 | 375,000 | 341,661 | |
| Total Non-Agency Commercial Mortgage-Backed Securities (cost $5,515,900) | 4,758,623 | ||
| Sovereign Bonds — 1.38%Δ | |||
| Albania — 0.04% | |||
| Albania Government International Bond | |||
| 3.50% 11/23/31 | EUR | 149,000 | 123,917 |
| 123,917 | |||
| Angola — 0.04% | |||
| Angolan Government International Bond | |||
| 9.375% 5/8/48 | 200,000 | 153,460 | |
| 153,460 | |||
| Armenia — 0.04% | |||
| Republic of Armenia International Bond | |||
| 144A 3.60% 2/2/31 # | 200,000 | 144,746 | |
| 144,746 | |||
| Bermuda — 0.11% | |||
| Bermuda Government International Bond | |||
| 144A 5.00% 7/15/32 # | 400,000 | 403,664 | |
| 403,664 | |||
| Chile — 0.05% | |||
| Chile Government International Bond | |||
| 4.34% 3/7/42 | 200,000 | 172,045 | |
| 172,045 | |||
| Colombia — 0.08% | |||
| Colombia Government International Bonds | |||
| 4.125% 2/22/42 | 217,000 | 136,455 | |
| 5.20% 5/15/49 | 200,000 | 136,874 | |
| 273,329 | |||
18 NQ-129 [8/22] 10/22 (2460448)
(Unaudited)
| Principal amount° | Value (US $) | ||
| Sovereign BondsΔ (continued) | |||
| Dominican Republic — 0.19% | |||
| Dominican Republic International Bonds | |||
| 144A 4.50% 1/30/30 # | 396,000 | $ 333,882 | |
| 144A 4.875% 9/23/32 # | 200,000 | 162,129 | |
| 144A 5.50% 2/22/29 # | 200,000 | 183,176 | |
| 679,187 | |||
| Egypt — 0.05% | |||
| Egypt Government International Bond | |||
| 5.25% 10/6/25 | 200,000 | 171,151 | |
| 171,151 | |||
| Honduras — 0.04% | |||
| Honduras Government International Bond | |||
| 144A 5.625% 6/24/30 # | 200,000 | 152,450 | |
| 152,450 | |||
| Ivory Coast — 0.11% | |||
| Ivory Coast Government International Bonds | |||
| 144A 4.875% 1/30/32 # | EUR | 200,000 | 152,752 |
| 144A 6.125% 6/15/33 # | 200,000 | 169,648 | |
| 144A 6.875% 10/17/40 # | EUR | 100,000 | 72,981 |
| 395,381 | |||
| Morocco — 0.07% | |||
| Morocco Government International Bond 144A 2.375% 12/15/27 # | 200,000 | 172,890 | |
| Morocco Government International Bonds 144A 1.375% 3/30/26 # | EUR | 100,000 | 92,508 |
| 265,398 | |||
| North Macedonia — 0.03% | |||
| North Macedonia Government International Bond | |||
| 144A 3.675% 6/3/26 # | EUR | 100,000 | 94,027 |
| 94,027 | |||
| Paraguay — 0.16% | |||
| Paraguay Government International Bonds | |||
| 144A 4.95% 4/28/31 # | 400,000 | 386,386 | |
| 5.60% 3/13/48 | 200,000 | 170,969 | |
| 557,355 | |||
NQ-129 [8/22] 10/22 (2460448) 19
Schedule of investments
Delaware Wealth Builder Fund (Unaudited)
| Principal amount° | Value (US $) | ||
| Sovereign BondsΔ (continued) | |||
| Peru — 0.10% | |||
| Corp Financiera de Desarrollo 144A 2.40% 9/28/27 # | 200,000 | $ 170,731 | |
| Peruvian Government International Bond 2.392% 1/23/26 | 200,000 | 187,470 | |
| 358,201 | |||
| Romania — 0.01% | |||
| Romanian Government International Bond | |||
| 144A 2.625% 12/2/40 # | EUR | 73,000 | 42,740 |
| 42,740 | |||
| Senegal — 0.05% | |||
| Senegal Government International Bond | |||
| 144A 6.25% 5/23/33 # | 200,000 | 163,000 | |
| 163,000 | |||
| South Africa — 0.08% | |||
| Republic of South Africa Government International Bond | |||
| 5.65% 9/27/47 | 400,000 | 287,521 | |
| 287,521 | |||
| Uzbekistan — 0.13% | |||
| Republic of Uzbekistan International Bonds | |||
| 144A 3.90% 10/19/31 # | 300,000 | 231,482 | |
| 144A 4.75% 2/20/24 # | 250,000 | 245,871 | |
| 477,353 | |||
| Total Sovereign Bonds (cost $5,954,334) | 4,914,925 | ||
| Supranational Banks — 0.29% | |||
| Banco Latinoamericano de Comercio Exterior 144A 2.375% 9/14/25 # | 250,000 | 232,161 | |
| Banque Ouest Africaine de Developpement 144A 4.70% 10/22/31 # | 402,000 | 345,804 | |
| Central American Bank For Economic Integration 144A 2.00% 5/6/25 # | 300,000 | 284,608 | |
| European Investment Bank 5.50% 1/23/23 | MXN | 3,282,000 | 158,997 |
| Total Supranational Banks (cost $1,118,618) | 1,021,570 | ||
20 NQ-129 [8/22] 10/22 (2460448)
(Unaudited)
| Principal amount° | Value (US $) | ||
| US Treasury Obligations — 10.42% | |||
| United States Treasury Floating Rate Note 2.938% (USBMMY3M + 0.04%) 7/31/24 • | 1,470,000 | $ 1,468,190 | |
| US Treasury Bonds | |||
| 1.875% 11/15/51 | 425,000 | 309,619 | |
| 2.25% 8/15/46 | 1,110,000 | 869,702 | |
| 2.25% 2/15/52 | 245,000 | 195,770 | |
| 2.375% 2/15/42 | 285,000 | 236,372 | |
| 2.875% 5/15/52 | 490,000 | 451,719 | |
| 3.25% 5/15/42 | 480,000 | 459,300 | |
| 4.375% 2/15/38 | 555,000 | 633,784 | |
| US Treasury Notes | |||
| 0.125% 4/30/23 | 6,000,000 | 5,874,333 | |
| 1.375% 8/31/23 | 19,230,000 | 18,832,639 | |
| 2.375% 3/31/29 | 505,000 | 476,298 | |
| 2.625% 7/31/29 | 955,000 | 915,681 | |
| 2.75% 5/15/25 | 3,820,000 | 3,746,958 | |
| 2.875% 5/15/32 | 560,000 | 545,956 | |
| 3.00% 7/31/24 | 360,000 | 356,878 | |
| 3.25% 6/30/27 | 1,710,000 | 1,702,051 | |
| US Treasury Strip Principal 2.311% 5/15/44 ^ | 310,000 | 140,935 | |
| Total US Treasury Obligations (cost $38,219,076) | 37,216,185 | ||
| Number of shares | |||
| Common Stocks — 52.45% | |||
| Communication Services — 2.58% | |||
| Alphabet Class A † | 4,800 | 519,456 | |
| Alphabet Class C † | 4,560 | 497,724 | |
| AT&T | 41,101 | 720,912 | |
| Comcast Class A | 49,503 | 1,791,514 | |
| Interpublic Group | 4,226 | 116,807 | |
| KDDI | 7,900 | 243,212 | |
| Orange | 26,290 | 266,790 | |
| Publicis Groupe | 5,890 | 288,559 | |
| Verizon Communications | 71,299 | 2,981,011 | |
| Walt Disney † | 15,866 | 1,778,261 | |
| 9,204,246 | |||
| Consumer Discretionary — 6.53% | |||
| adidas AG | 3,900 | 581,154 | |
| Amazon.com † | 3,759 | 476,528 | |
NQ-129 [8/22] 10/22 (2460448) 21
Schedule of investments
Delaware Wealth Builder Fund (Unaudited)
| Number of shares | Value (US $) | ||
| Common Stocks (continued) | |||
| Consumer Discretionary (continued) | |||
| APA | 20,316 | $ 794,559 | |
| Bath & Body Works | 29,705 | 1,108,888 | |
| Best Buy | 14,362 | 1,015,250 | |
| Dollar General | 7,611 | 1,807,004 | |
| Dollar Tree † | 12,200 | 1,655,296 | |
| eBay | 11,586 | 511,290 | |
| H & M Hennes & Mauritz Class B | 26,050 | 271,399 | |
| Home Depot | 7,461 | 2,151,902 | |
| Lowe's | 8,812 | 1,710,762 | |
| Macy's | 50,318 | 871,508 | |
| NIKE Class B | 10,284 | 1,094,732 | |
| PulteGroup | 10,409 | 423,230 | |
| Ross Stores | 14,158 | 1,221,411 | |
| Sodexo | 8,363 | 642,432 | |
| Starbucks | 2,418 | 203,281 | |
| Sturm Ruger & Co. | 5,733 | 299,549 | |
| Swatch Group | 3,060 | 745,983 | |
| Tesla † | 1,440 | 396,878 | |
| TJX | 54,915 | 3,423,950 | |
| Tractor Supply | 7,834 | 1,450,465 | |
| Ulta Beauty † | 1,113 | 467,315 | |
| 23,324,766 | |||
| Consumer Staples — 3.49% | |||
| Altria Group | 37,450 | 1,689,744 | |
| Archer-Daniels-Midland | 20,600 | 1,810,534 | |
| Asahi Group Holdings | 4,900 | 164,821 | |
| Conagra Brands | 52,300 | 1,798,074 | |
| Danone | 10,800 | 569,915 | |
| Diageo | 19,570 | 855,725 | |
| Essity Class B | 22,670 | 504,227 | |
| Kao | 14,600 | 636,336 | |
| Koninklijke Ahold Delhaize | 31,780 | 875,082 | |
| Nestle | 8,110 | 950,633 | |
| Philip Morris International | 20,708 | 1,977,407 | |
| Seven & i Holdings | 7,000 | 278,791 | |
| Unilever | 8,248 | 376,130 | |
| 12,487,419 | |||
| Energy — 4.11% | |||
| Chevron | 7,399 | 1,169,486 | |
| ConocoPhillips | 39,400 | 4,312,330 | |
22 NQ-129 [8/22] 10/22 (2460448)
(Unaudited)
| Number of shares | Value (US $) | ||
| Common Stocks (continued) | |||
| Energy (continued) | |||
| Coterra Energy | 20,877 | $ 645,308 | |
| Devon Energy | 16,926 | 1,195,314 | |
| EOG Resources | 4,921 | 596,917 | |
| Exxon Mobil | 32,466 | 3,103,425 | |
| Kinder Morgan | 90,539 | 1,658,675 | |
| Marathon Petroleum | 15,983 | 1,610,287 | |
| Viper Energy Partners | 12,746 | 389,008 | |
| 14,680,750 | |||
| Financials — 6.51% | |||
| American Financial Group | 11,481 | 1,465,894 | |
| American International Group | 33,600 | 1,738,800 | |
| Ameriprise Financial | 4,349 | 1,165,575 | |
| BlackRock | 2,272 | 1,514,038 | |
| Blackstone | 13,171 | 1,237,284 | |
| Carlyle Group | 20,592 | 669,858 | |
| Citizens Financial Group | 1,692 | 62,062 | |
| Discover Financial Services | 22,069 | 2,217,714 | |
| Evercore Class A | 1,761 | 164,988 | |
| Fidelity National Financial | 8,547 | 334,188 | |
| Invesco | 47,018 | 774,386 | |
| MetLife | 52,478 | 3,375,910 | |
| Moelis & Co. Class A | 11,021 | 459,135 | |
| Principal Financial Group | 23,738 | 1,774,653 | |
| Prudential Financial | 15,841 | 1,516,776 | |
| Rithm Capital | 48,444 | 456,827 | |
| Synchrony Financial | 25,478 | 834,404 | |
| Truist Financial | 37,300 | 1,747,132 | |
| US Bancorp | 38,700 | 1,765,107 | |
| 23,274,731 | |||
| Healthcare — 7.75% | |||
| AbbVie | 15,854 | 2,131,729 | |
| AmerisourceBergen | 13,072 | 1,915,832 | |
| Amgen | 1,879 | 451,524 | |
| Baxter International | 28,900 | 1,660,594 | |
| Bristol-Myers Squibb | 29,070 | 1,959,609 | |
| Cigna | 6,400 | 1,814,080 | |
| CVS Health | 18,200 | 1,786,330 | |
| Fresenius Medical Care AG & Co. | 10,130 | 348,059 | |
| Gilead Sciences | 9,163 | 581,576 | |
| Hologic † | 26,281 | 1,775,544 | |
NQ-129 [8/22] 10/22 (2460448) 23
Schedule of investments
Delaware Wealth Builder Fund (Unaudited)
| Number of shares | Value (US $) | ||
| Common Stocks (continued) | |||
| Healthcare (continued) | |||
| Johnson & Johnson | 29,397 | $ 4,742,912 | |
| Merck & Co. | 44,170 | 3,770,351 | |
| Novo Nordisk Class B | 7,390 | 791,349 | |
| Pfizer | 43,254 | 1,956,378 | |
| Roche Holding | 1,860 | 600,147 | |
| Smith & Nephew | 60,365 | 712,130 | |
| UnitedHealth Group | 1,371 | 712,002 | |
| 27,710,146 | |||
| Industrials — 2.89% | |||
| Boise Cascade | 12,514 | 779,998 | |
| Dover | 13,817 | 1,726,572 | |
| Honeywell International | 9,333 | 1,767,204 | |
| Intertek Group | 8,550 | 393,229 | |
| Knorr-Bremse | 6,220 | 302,226 | |
| Lockheed Martin | 1,423 | 597,817 | |
| Makita | 14,200 | 337,406 | |
| Northrop Grumman | 3,800 | 1,816,362 | |
| Raytheon Technologies | 19,579 | 1,757,215 | |
| Robert Half International | 4,565 | 351,368 | |
| Securitas Class B | 55,120 | 483,980 | |
| 10,313,377 | |||
| Information Technology — 12.63% | |||
| Amadeus IT Group † | 16,340 | 864,067 | |
| Apple | 55,731 | 8,762,028 | |
| Applied Materials | 7,271 | 683,983 | |
| Broadcom | 7,339 | 3,662,968 | |
| Cisco Systems | 68,931 | 3,082,594 | |
| Cognizant Technology Solutions Class A | 28,232 | 1,783,415 | |
| Fidelity National Information Services | 19,263 | 1,760,060 | |
| HP | 48,886 | 1,403,517 | |
| KLA | 1,905 | 655,568 | |
| Lam Research | 2,748 | 1,203,377 | |
| Micron Technology | 10,907 | 616,573 | |
| Microsoft | 28,315 | 7,403,523 | |
| Monolithic Power Systems | 3,252 | 1,473,741 | |
| Motorola Solutions | 7,400 | 1,801,234 | |
| NetApp | 19,368 | 1,397,014 | |
| NVIDIA | 12,272 | 1,852,336 | |
| Oracle | 24,300 | 1,801,845 | |
| Paychex | 14,052 | 1,733,174 | |
24 NQ-129 [8/22] 10/22 (2460448)
(Unaudited)
| Number of shares | Value (US $) | ||
| Common Stocks (continued) | |||
| Information Technology (continued) | |||
| QUALCOMM | 11,474 | $ 1,517,666 | |
| SAP | 6,870 | 586,426 | |
| Western Union | 74,326 | 1,101,511 | |
| 45,146,620 | |||
| Materials — 1.22% | |||
| Air Liquide | 5,940 | 747,369 | |
| CF Industries Holdings | 8,438 | 872,995 | |
| Dow | 17,036 | 868,836 | |
| DuPont de Nemours | 30,800 | 1,713,712 | |
| Ryerson Holding | 5,705 | 162,593 | |
| 4,365,505 | |||
| Media — 0.00% | |||
| Century Communications =, † | 1,625,000 | 0 | |
| 0 | |||
| REIT Diversified — 0.41% | |||
| Alexander & Baldwin | 968 | 18,131 | |
| Gaming and Leisure Properties | 4,241 | 204,713 | |
| LXP Industrial Trust | 7,088 | 71,305 | |
| VICI Properties | 35,469 | 1,170,122 | |
| 1,464,271 | |||
| REIT Healthcare — 0.29% | |||
| Alexandria Real Estate Equities | 1,955 | 299,897 | |
| CareTrust REIT | 3,314 | 71,384 | |
| Healthcare Realty Trust | 5,531 | 134,514 | |
| Healthpeak Properties | 1,641 | 43,076 | |
| Medical Properties Trust | 1,178 | 17,211 | |
| Omega Healthcare Investors | 419 | 13,684 | |
| Ventas | 1,991 | 95,289 | |
| Welltower | 4,769 | 365,544 | |
| 1,040,599 | |||
| REIT Hotel — 0.13% | |||
| Apple Hospitality REIT | 10,880 | 173,101 | |
| Chatham Lodging Trust † | 5,290 | 64,326 | |
| Host Hotels & Resorts | 9,220 | 163,840 | |
| Park Hotels & Resorts | 5,768 | 80,752 | |
| 482,019 | |||
NQ-129 [8/22] 10/22 (2460448) 25
Schedule of investments
Delaware Wealth Builder Fund (Unaudited)
| Number of shares | Value (US $) | ||
| Common Stocks (continued) | |||
| REIT Industrial — 0.47% | |||
| Duke Realty | 6,010 | $ 353,688 | |
| Plymouth Industrial REIT | 1,645 | 33,344 | |
| Prologis | 8,593 | 1,069,914 | |
| Rexford Industrial Realty | 1,961 | 121,994 | |
| Terreno Realty | 1,637 | 99,841 | |
| 1,678,781 | |||
| REIT Information Technology — 0.23% | |||
| Digital Realty Trust | 2,467 | 304,995 | |
| Equinix | 778 | 511,434 | |
| 816,429 | |||
| REIT Mall — 0.07% | |||
| Simon Property Group | 2,317 | 236,288 | |
| 236,288 | |||
| REIT Manufactured Housing — 0.07% | |||
| Equity LifeStyle Properties | 1,520 | 106,552 | |
| Sun Communities | 854 | 131,268 | |
| 237,820 | |||
| REIT Multifamily — 0.91% | |||
| American Homes 4 Rent Class A | 3,230 | 114,859 | |
| AvalonBay Communities | 1,358 | 272,836 | |
| Camden Property Trust | 1,286 | 165,264 | |
| Equity Residential | 28,523 | 2,087,313 | |
| Essex Property Trust | 1,141 | 302,433 | |
| Independence Realty Trust | 5,765 | 112,129 | |
| Mid-America Apartment Communities | 870 | 144,133 | |
| NexPoint Residential Trust | 112 | 5,916 | |
| UDR | 741 | 33,249 | |
| 3,238,132 | |||
| REIT Office — 0.13% | |||
| Boston Properties | 392 | 31,137 | |
| City Office REIT | 888 | 10,256 | |
| Cousins Properties | 4,822 | 129,471 | |
| Douglas Emmett | 987 | 19,266 | |
| Highwoods Properties | 4,028 | 122,491 | |
| Kilroy Realty | 1,579 | 77,008 | |
| Piedmont Office Realty Trust Class A | 6,333 | 74,603 | |
| 464,232 | |||
26 NQ-129 [8/22] 10/22 (2460448)
(Unaudited)
| Number of shares | Value (US $) | ||
| Common Stocks (continued) | |||
| REIT Self-Storage — 0.40% | |||
| CubeSmart | 858 | $ 39,511 | |
| Extra Space Storage | 1,963 | 390,107 | |
| Life Storage | 2,165 | 275,496 | |
| National Storage Affiliates Trust | 2,053 | 103,718 | |
| Public Storage | 1,888 | 624,607 | |
| 1,433,439 | |||
| REIT Shopping Center — 0.30% | |||
| Agree Realty | 1,490 | 112,227 | |
| Brixmor Property Group | 9,471 | 203,437 | |
| Kimco Realty | 7,176 | 151,270 | |
| Kite Realty Group Trust | 2,594 | 50,220 | |
| Phillips Edison & Co. | 3,980 | 130,027 | |
| Regency Centers | 2,628 | 159,887 | |
| Retail Opportunity Investments | 8,919 | 149,393 | |
| SITE Centers | 6,333 | 82,076 | |
| Urban Edge Properties | 1,792 | 28,188 | |
| Washington Prime Group =, † | 962 | 0 | |
| 1,066,725 | |||
| REIT Single Tenant — 0.17% | |||
| Four Corners Property Trust | 2,338 | 62,869 | |
| Realty Income | 4,560 | 311,357 | |
| Spirit Realty Capital | 3,546 | 144,854 | |
| STORE Capital | 3,950 | 106,571 | |
| 625,651 | |||
| REIT Specialty — 0.35% | |||
| EPR Properties | 375 | 16,309 | |
| Essential Properties Realty Trust | 4,236 | 95,903 | |
| Invitation Homes | 9,793 | 355,290 | |
| Iron Mountain | 10,966 | 576,921 | |
| Lamar Advertising Class A | 587 | 55,114 | |
| Outfront Media | 4,759 | 84,234 | |
| WP Carey | 709 | 59,577 | |
| 1,243,348 | |||
NQ-129 [8/22] 10/22 (2460448) 27
Schedule of investments
Delaware Wealth Builder Fund (Unaudited)
| Number of shares | Value (US $) | ||
| Common Stocks (continued) | |||
| Utilities — 0.81% | |||
| Edison International | 25,900 | $ 1,755,243 | |
| Vistra | 46,299 | 1,145,900 | |
| 2,901,143 | |||
| Total Common Stocks (cost $180,239,478) | 187,436,437 | ||
| Convertible Preferred Stock — 1.59% | |||
| 2020 Mandatory Exchangeable Trust 144A 6.50% exercise price $47.09, maturity date 5/16/23 # | 484 | 412,126 | |
| Algonquin Power & Utilities 7.75% exercise price $18.00, maturity date 6/15/24 | 9,623 | 428,993 | |
| AMG Capital Trust II 5.15% exercise price $195.47, maturity date 10/15/37 | 7,700 | 385,924 | |
| Bank of America 7.25% exercise price $50.00 ω | 522 | 640,703 | |
| El Paso Energy Capital Trust I 4.75% exercise price $34.49, maturity date 3/31/28 | 22,178 | 1,017,970 | |
| Elanco Animal Health 5.00% exercise price $38.40, maturity date 2/1/23 | 12,144 | 303,236 | |
| Lyondellbasell Advanced Polymers 6.00% exercise price $52.33 ω | 612 | 504,900 | |
| RBC Bearings 5.00% exercise price $226.60, maturity date 10/15/24 | 6,211 | 735,258 | |
| UGI 7.25% exercise price $52.57, maturity date 6/1/24 | 9,425 | 857,675 | |
| Wells Fargo & Co. 7.50% exercise price $156.71 ω | 305 | 378,200 | |
| Total Convertible Preferred Stock (cost $6,156,387) | 5,664,985 | ||
| Exchange-Traded Funds — 2.44% | |||
| iShares MSCI EAFE ETF | 450 | 27,765 | |
| iShares Trust iShares ESG Aware MSCI EAFE ETF | 3,440 | 213,452 | |
| Vanguard FTSE Developed Markets ETF | 90 | 3,641 | |
| Vanguard Russell 2000 ETF | 114,649 | 8,484,026 | |
| Total Exchange-Traded Funds (cost $9,270,363) | 8,728,884 | ||
28 NQ-129 [8/22] 10/22 (2460448)
(Unaudited)
| Number of shares | Value (US $) | ||
| Limited Partnerships — 1.79% | |||
| Merion The Ledges=, †, π | 4,200,000 | $ 6,408,360 | |
| Total Limited Partnerships (cost $2,803,738) | 6,408,360 | ||
| Principal amount° | |||
| Leveraged Non-Recourse Security — 0.00% | |||
| JPMorgan Fixed Income Pass Through Trust Auction Series 2007-B 144A 0.251% 1/15/87 #, =, ♦ | 1,300,000 | 1,300 | |
| Total Leveraged Non-Recourse Security (cost $1,105,000) | 1,300 | ||
| Number of shares | |||
| Short-Term Investments — 3.80% | |||
| Money Market Mutual Funds — 3.80% | |||
| BlackRock FedFund – Institutional Shares (seven-day effective yield 2.02%) | 3,399,951 | 3,399,951 | |
| Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 2.03%) | 3,399,951 | 3,399,951 | |
| Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 2.19%) | 3,399,951 | 3,399,951 | |
| Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 2.11%) | 3,399,951 | 3,399,951 | |
| Total Short-Term Investments (cost $13,599,804) | 13,599,804 | ||
| Total Value of Securities—99.83% (cost $357,381,035) | 356,770,178 | ||
| Receivables and Other Assets Net of Liabilities—0.17% | 601,745 | ||
| Net Assets Applicable to 25,691,983 Shares Outstanding—100.00% | $357,371,923 | ||
| ° | Principal amount shown is stated in USD unless noted that the security is denominated in another currency. |
| # | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At August 31, 2022, the aggregate value of Rule 144A securities was $36,085,906, which represents 10.10% of the Fund's net assets. |
NQ-129 [8/22] 10/22 (2460448) 29
Schedule of investments
Delaware Wealth Builder Fund (Unaudited)
| • | Variable rate investment. Rates reset periodically. Rate shown reflects the rate in effect at August 31, 2022. For securities based on a published reference rate and spread, the reference rate and spread are indicated in their descriptions. 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 descriptions. |
| ^ | Zero-coupon security. The rate shown is the effective yield at the time of purchase. |
| μ | Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at August 31, 2022. Rate will reset at a future date. |
| ψ | Perpetual security. Maturity date represents next call date. |
| > | PIK. 100% of the income received was in the form of cash. |
| Δ | Securities have been classified by country of risk. |
| † | Non-income producing security. |
| = | The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security. |
| ω | Perpetual security with no stated maturity date. |
| 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, 2022, the aggregate value of restricted securities was $6,408,360, which represented 1.79% 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 The Ledges | 9/26/18 | $2,495,575 | $5,831,608 | |||
| Merion The Ledges | 9/12/19 | 105,790 | 226,178 | |||
| Merion The Ledges | 2/1/21 | 103,012 | 188,481 | |||
| Merion The Ledges | 1/5/22 | 99,361 | 162,093 | |||
| Total | $2,803,738 | $6,408,360 |
30 NQ-129 [8/22] 10/22 (2460448)
(Unaudited)
The following foreign currency exchange contracts and futures contracts were outstanding at August 31, 2022:
| Foreign Currency Exchange Contracts | ||||||||||||
| Counterparty | Currency to Receive (Deliver) | In Exchange For | Settlement Date | Unrealized Appreciation | Unrealized Depreciation | |||||||
| BNYM | EUR | (14,631) | USD | 14,732 | 9/1/22 | $27 | $— | |||||
| BNYM | EUR | 15,002 | USD | (15,228) | 9/2/22 | — | (150) | |||||
| BNYM | GBP | (2,815) | USD | 3,275 | 9/1/22 | 5 | — | |||||
| BNYM | GBP | 69,332 | USD | (80,618) | 9/2/22 | — | (72) | |||||
| BNYM | JPY | (1,475,820) | USD | 10,634 | 9/1/22 | 10 | — | |||||
| BNYM | JPY | (10,742,521) | USD | 77,346 | 9/2/22 | 9 | — | |||||
| JPMCB | EUR | (652,526) | USD | 657,114 | 11/18/22 | — | (2,185) | |||||
| JPMCB | IDR | (6,619,276) | USD | 443 | 9/9/22 | — | (2) | |||||
| JPMCB | MXN | (3,308,777) | USD | 161,672 | 11/18/22 | — | (43) | |||||
| Total Foreign Currency Exchange Contracts | $51 | $(2,452) | ||||||||||
| Futures Contracts Exchange-Traded | |||||||||||||
| 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 | E-mini S&P 500 Index | $395,650 | $411,569 | 9/16/22 | $— | $(15,919) | $(3,100) | ||||||
| 14 | US Treasury 5 yr Notes | 1,551,484 | 1,557,055 | 12/30/22 | — | (5,571) | — | ||||||
| 2 | US Treasury 10 yr Notes | 233,813 | 235,724 | 12/20/22 | — | (1,911) | (344) | ||||||
| (3) | US Treasury 10 yr Ultra Notes | (375,563) | (376,269) | 12/20/22 | 706 | — | 703 | ||||||
| Total Futures Contracts | $1,828,079 | $706 | $(23,401) | $(2,741) | |||||||||
The use of foreign currency exchange contracts and futures contracts involves elements of market risk and risks in excess of the amounts disclosed in the schedule of investments. The notional
NQ-129 [8/22] 10/22 (2460448) 31
Schedule of investments
Delaware Wealth Builder Fund (Unaudited)
amounts and foreign currency exchange contracts presented above represent the Fund's total exposure in such contracts, whereas only the net unrealized appreciation (depreciation) and variation margin are reflected in the Fund's net assets.
| Summary of abbreviations: |
| AG – Aktiengesellschaft |
| BNYM – Bank of New York Mellon |
| CLO – Collateralized Loan Obligation |
| EAFE – Europe, Australasia, and Far East |
| ESG – Environmental, Social, and Governance |
| ETF – Exchange-Traded Fund |
| FTSE – Financial Times Stock Exchange |
| GNMA – Government National Mortgage Association |
| GS – Goldman Sachs |
| ICE – Intercontinental Exchange, Inc. |
| JPM – JPMorgan |
| JPMCB – JPMorgan Chase Bank |
| JSC – Joint Stock Company |
| LIBOR – London Interbank Offered Rate |
| LIBOR03M – ICE LIBOR USD 3 Month |
| LIBOR06M – ICE LIBOR USD 6 Month |
| MSCI – Morgan Stanley Capital International |
| PIK – Payment-in-kind |
| REIT – Real Estate Investment Trust |
| S&P – Standard & Poor’s Financial Services LLC |
| S.F. – Single Family |
| SOFR – Secured Overnight Financing Rate |
| USBMMY3M – US Treasury 3 Month Bill Money Market Yield |
| yr – Year |
| Summary of currencies: |
| EUR – European Monetary Unit |
| GBP – British Pound Sterling |
| IDR – Indonesian Rupiah |
| JPY – Japanese Yen |
| KZT – Kazakhstani Tenge |
| MXN – Mexican Peso |
| USD – US Dollar |
32 NQ-129 [8/22] 10/22 (2460448)