Schedule of investments
Delaware Small Cap Core Fund | February 29, 2024 (Unaudited) |
Number of shares | Value (US $) | ||
Common Stocks — 98.66% | |||
Basic Materials — 7.68% | |||
Boise Cascade | 804,601 | $ 109,353,322 | |
Huntsman | 1,291,996 | 33,075,098 | |
Kaiser Aluminum | 628,881 | 45,606,450 | |
Minerals Technologies | 1,359,960 | 98,406,706 | |
Quaker Chemical | 267,176 | 53,568,788 | |
Summit Materials Class A † | 2,691,071 | 114,935,642 | |
Tecnoglass | 901,761 | 42,166,344 | |
Worthington Enterprises | 758,558 | 47,121,623 | |
Worthington Steel † | 836,252 | 26,475,738 | |
570,709,711 | |||
Business Services — 3.74% | |||
ABM Industries | 1,414,994 | 58,453,402 | |
ASGN † | 961,607 | 95,506,807 | |
BrightView Holdings † | 2,159,225 | 18,806,850 | |
Casella Waste Systems Class A † | 860,972 | 77,573,577 | |
First Advantage | 1,302,962 | 20,404,385 | |
Sterling Check † | 481,637 | 7,547,252 | |
278,292,273 | |||
Capital Goods — 10.87% | |||
Alamo Group | 127,218 | 25,734,929 | |
Ameresco Class A † | 1,294,443 | 27,131,525 | |
Applied Industrial Technologies | 694,775 | 131,930,825 | |
Chart Industries † | 412,118 | 58,875,177 | |
Coherent † | 212,531 | 12,641,344 | |
Columbus McKinnon | 1,308,877 | 54,671,792 | |
Construction Partners Class A † | 804,741 | 38,691,947 | |
ESCO Technologies | 417,641 | 42,553,441 | |
Federal Signal | 1,743,761 | 142,831,464 | |
H&E Equipment Services | 741,867 | 41,908,067 | |
Kadant | 239,296 | 80,714,541 | |
MYR Group † | 557,449 | 90,563,165 | |
Zurn Elkay Water Solutions | 1,890,680 | 60,029,090 | |
808,277,307 | |||
Communications Services — 0.27% | |||
ATN International | 596,950 | 20,021,703 | |
20,021,703 | |||
Consumer Discretionary — 3.95% | |||
Hibbett | 503,979 | 41,301,079 | |
Kontoor Brands | 807,302 | 47,719,621 |
NQ- NS [0224] 0424 (3502198) 1
Schedule of investments
Delaware Small Cap Core Fund (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Consumer Discretionary (continued) | |||
Malibu Boats Class A † | 1,069,017 | $ 46,651,902 | |
Sonic Automotive Class A | 462,064 | 24,258,360 | |
Steven Madden | 2,574,561 | 110,242,702 | |
Urban Outfitters † | 571,572 | 23,748,817 | |
293,922,481 | |||
Consumer Services — 1.86% | |||
Brinker International † | 1,229,591 | 56,979,247 | |
Chuy's Holdings † | 865,772 | 29,289,067 | |
Jack in the Box | 452,358 | 33,022,134 | |
OneSpaWorld Holdings † | 1,475,246 | 19,237,208 | |
138,527,656 | |||
Consumer Staples — 3.62% | |||
Helen of Troy † | 391,668 | 48,958,500 | |
J & J Snack Foods | 531,883 | 77,165,586 | |
Prestige Consumer Healthcare † | 1,672,844 | 116,396,485 | |
YETI Holdings † | 648,072 | 26,596,875 | |
269,117,446 | |||
Credit Cyclicals — 2.73% | |||
Dana | 2,266,886 | 28,336,075 | |
KB Home | 874,105 | 58,066,795 | |
La-Z-Boy | 861,190 | 32,716,608 | |
Taylor Morrison Home † | 1,484,608 | 84,043,659 | |
203,163,137 | |||
Energy — 6.04% | |||
Magnolia Oil & Gas Class A | 2,952,264 | 66,957,348 | |
Patterson-UTI Energy | 9,584,011 | 110,887,003 | |
Permian Resources | 9,207,486 | 143,268,482 | |
SM Energy | 1,775,373 | 77,708,076 | |
Southwestern Energy † | 7,183,451 | 50,068,654 | |
448,889,563 | |||
Financials — 14.86% | |||
BRP Group Class A † | 2,736,622 | 76,132,824 | |
City Holding | 438,492 | 44,059,676 | |
CNO Financial Group | 1,862,080 | 49,698,915 | |
Enterprise Financial Services | 682,270 | 27,236,218 | |
Essent Group | 1,405,572 | 75,296,492 | |
First Bancorp | 1,003,385 | 34,235,496 | |
First Financial Bancorp | 1,791,760 | 38,881,192 | |
First Interstate BancSystem Class A | 1,643,540 | 43,257,973 |
2 NQ- NS [0224] 0424 (3502198)
(Unaudited)
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Financials (continued) | |||
Hamilton Lane Class A | 798,254 | $ 91,679,472 | |
Independent Bank | 815,128 | 42,525,228 | |
Independent Bank Group | 680,977 | 29,779,124 | |
NMI Holdings Class A † | 1,798,603 | 54,101,978 | |
Old National Bancorp | 4,349,371 | 71,460,166 | |
Pacific Premier Bancorp | 1,789,527 | 40,908,587 | |
PJT Partners Class A | 606,622 | 63,937,959 | |
Selective Insurance Group | 783,255 | 81,834,482 | |
SouthState | 672,342 | 56,503,622 | |
United Community Banks | 1,673,862 | 43,537,151 | |
Valley National Bancorp | 5,260,295 | 43,081,816 | |
WesBanco | 1,433,605 | 41,545,873 | |
WSFS Financial | 1,287,690 | 54,585,179 | |
1,104,279,423 | |||
Healthcare — 15.27% | |||
Agios Pharmaceuticals † | 1,611,058 | 52,069,395 | |
Amicus Therapeutics † | 5,300,283 | 67,949,628 | |
Apellis Pharmaceuticals † | 175,828 | 10,896,061 | |
Ardelyx † | 1,066,435 | 9,939,174 | |
Artivion † | 2,332,047 | 45,008,507 | |
AtriCure † | 1,175,115 | 41,093,771 | |
Axsome Therapeutics † | 301,085 | 24,502,297 | |
Azenta † | 768,535 | 50,070,055 | |
Blueprint Medicines † | 938,186 | 87,739,155 | |
CONMED | 661,214 | 53,108,708 | |
Halozyme Therapeutics † | 1,795,963 | 71,497,287 | |
Insmed † | 2,205,933 | 61,148,463 | |
Intra-Cellular Therapies † | 914,809 | 63,597,522 | |
Lantheus Holdings † | 951,803 | 62,228,880 | |
Ligand Pharmaceuticals † | 732,343 | 58,111,417 | |
Merit Medical Systems † | 1,039,155 | 79,183,611 | |
NeoGenomics † | 2,439,836 | 38,061,442 | |
OmniAb † | 2,956,758 | 17,267,467 | |
OmniAb 12.5 =, † | 221,566 | 0 | |
OmniAb 15 =, † | 221,566 | 0 | |
Omnicell † | 688,804 | 18,074,217 | |
Pacific Biosciences of California † | 5,520,143 | 30,526,391 | |
Pacira BioSciences † | 1,296,449 | 38,530,464 | |
Supernus Pharmaceuticals † | 2,061,654 | 61,231,124 | |
TransMedics Group † | 812,729 | 66,318,686 |
NQ- NS [0224] 0424 (3502198) 3
Schedule of investments
Delaware Small Cap Core Fund (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Healthcare (continued) | |||
Travere Therapeutics † | 3,566,035 | $ 26,959,225 | |
1,135,112,947 | |||
Media — 0.52% | |||
IMAX † | 2,244,109 | 38,441,587 | |
38,441,587 | |||
Real Estate Investment Trusts — 6.64% | |||
Armada Hoffler Properties | 2,829,633 | 28,805,664 | |
Cushman & Wakefield † | 4,396,790 | 43,923,932 | |
DiamondRock Hospitality | 5,462,141 | 51,344,126 | |
Essential Properties Realty Trust | 28,644 | 684,305 | |
Four Corners Property Trust | 2,187,511 | 52,894,016 | |
Independence Realty Trust | 4,065,526 | 59,519,301 | |
Kite Realty Group Trust | 3,448,571 | 73,833,905 | |
LXP Industrial Trust | 5,143,246 | 44,540,510 | |
Phillips Edison & Co. | 1,257,253 | 44,909,077 | |
Physicians Realty Trust | 4,251,647 | 47,745,996 | |
Terreno Realty | 707,684 | 45,504,081 | |
493,704,913 | |||
Technology — 14.95% | |||
Atkore | 248,596 | 42,112,162 | |
Box Class A † | 1,987,705 | 51,262,912 | |
Clearwater Analytics Holdings Class A † | 836,711 | 14,408,164 | |
ExlService Holdings † | 2,472,387 | 76,940,684 | |
Ichor Holdings † | 1,072,655 | 45,909,634 | |
Instructure Holdings † | 1,528,934 | 35,043,167 | |
MACOM Technology Solutions Holdings † | 650,466 | 57,455,662 | |
MaxLinear † | 1,859,662 | 36,151,829 | |
Progress Software | 663,623 | 35,410,923 | |
Q2 Holdings † | 1,870,200 | 86,459,346 | |
Rapid7 † | 1,133,409 | 66,395,099 | |
Semtech † | 1,755,955 | 37,226,246 | |
Silicon Laboratories † | 602,604 | 82,882,154 | |
Sprout Social Class A † | 910,917 | 56,312,889 | |
SPS Commerce † | 403,212 | 74,658,734 | |
Varonis Systems † | 1,774,487 | 90,143,940 | |
Verint Systems † | 1,490,947 | 47,128,835 | |
WNS Holdings ADR † | 854,198 | 49,287,225 | |
Workiva † | 532,295 | 45,841,245 | |
Yelp † | 1,109,094 | 42,633,573 |
4 NQ- NS [0224] 0424 (3502198)
(Unaudited)
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Technology (continued) | |||
Ziff Davis † | 541,936 | $ 37,263,519 | |
1,110,927,942 | |||
Transportation — 3.39% | |||
Allegiant Travel | 412,413 | 30,015,418 | |
ArcBest | 322,263 | 46,038,492 | |
Hub Group Class A † | 1,373,779 | 58,426,821 | |
Sun Country Airlines Holdings † | 3,080,253 | 46,203,795 | |
Werner Enterprises | 1,771,487 | 71,107,488 | |
251,792,014 | |||
Utilities — 2.27% | |||
Black Hills | 1,122,387 | 58,397,796 | |
Northwestern Energy Group | 1,214,826 | 58,214,462 | |
Spire | 871,701 | 51,709,303 | |
168,321,561 | |||
Total Common Stocks (cost $6,149,216,587) | 7,333,501,664 | ||
Short-Term Investments — 0.37% | |||
Money Market Mutual Funds — 0.37% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 5.20%) | 6,988,488 | 6,988,488 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 5.20%) | 6,988,488 | 6,988,488 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 5.32%) | 6,988,488 | 6,988,488 | |
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 5.22%) | 6,988,487 | 6,988,487 | |
Total Short-Term Investments (cost $27,953,951) | 27,953,951 | ||
Total Value of Securities—99.03% (cost $6,177,170,538) | 7,361,455,615 | ||
Receivables and Other Assets Net of Liabilities—0.97% | 71,878,520 | ||
Net Assets Applicable to 269,983,165 Shares Outstanding—100.00% | $7,433,334,135 |
† | Non-income producing security. |
= | The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security. |
NQ- NS [0224] 0424 (3502198) 5
Schedule of investments
Delaware Small Cap Core Fund (Unaudited)
Summary of abbreviations: |
ADR – American Depositary Receipt |
6 NQ- NS [0224] 0424 (3502198)