Schedule of investments
Delaware Ivy VIP Corporate Bond
September 30, 2023 (Unaudited)
Principal amount° | Value (US $) | ||
Agency Collateralized Mortgage Obligations — 0.00% | |||
GNMA Series 2005-23 1.00% 6/17/45 • | 3,580 | $ 0 | |
Total Agency Collateralized Mortgage Obligations (cost $11) | 0 | ||
Corporate Bonds — 94.98% | |||
Banking — 21.82% | |||
Banco Santander | |||
5.588% 8/8/28 | 2,200,000 | 2,153,248 | |
6.921% 8/8/33 | 600,000 | 574,120 | |
Bank of America | |||
1.898% 7/23/31 μ | 1,325,000 | 1,007,364 | |
2.299% 7/21/32 μ | 3,225,000 | 2,445,246 | |
2.482% 9/21/36 μ | 1,310,000 | 954,141 | |
2.496% 2/13/31 μ | 4,000,000 | 3,208,022 | |
2.592% 4/29/31 μ | 3,675,000 | 2,954,998 | |
6.204% 11/10/28 μ | 1,890,000 | 1,899,239 | |
Bank of New York Mellon | |||
4.70% 9/20/25 μ, ψ | 1,750,000 | 1,688,855 | |
5.834% 10/25/33 μ | 1,638,000 | 1,611,067 | |
Barclays | |||
6.224% 5/9/34 μ | 1,275,000 | 1,208,676 | |
7.385% 11/2/28 μ | 1,057,000 | 1,084,951 | |
Citigroup | |||
2.572% 6/3/31 μ | 4,872,000 | 3,886,909 | |
4.412% 3/31/31 μ | 2,735,000 | 2,460,992 | |
5.61% 9/29/26 μ | 2,495,000 | 2,470,158 | |
Citizens Bank 6.064% 10/24/25 μ | 2,565,000 | 2,475,879 | |
Credit Agricole 144A 6.316% 10/3/29 #, μ | 5,785,000 | 5,788,472 | |
Credit Suisse 7.95% 1/9/25 | 4,350,000 | 4,428,565 | |
Deutsche Bank | |||
6.72% 1/18/29 μ | 1,111,000 | 1,104,993 | |
7.146% 7/13/27 μ | 1,315,000 | 1,324,399 | |
Fifth Third Bancorp | |||
6.339% 7/27/29 μ | 1,175,000 | 1,161,369 | |
6.361% 10/27/28 μ | 1,002,000 | 993,662 | |
Fifth Third Bank 5.852% 10/27/25 μ | 1,100,000 | 1,082,546 | |
Goldman Sachs Group | |||
1.542% 9/10/27 μ | 3,230,000 | 2,829,220 | |
2.383% 7/21/32 μ | 3,325,000 | 2,533,891 | |
3.50% 11/16/26 | 2,000,000 | 1,861,034 | |
3.80% 3/15/30 | 2,550,000 | 2,251,305 | |
4.25% 10/21/25 | 3,250,000 | 3,132,712 | |
HSBC Holdings 5.887% 8/14/27 μ | 830,000 | 820,200 | |
Huntington National Bank | |||
4.552% 5/17/28 μ | 573,000 | 536,145 | |
5.65% 1/10/30 | 1,140,000 | 1,075,110 | |
ING Groep 6.083% 9/11/27 μ | 990,000 | 986,111 |
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Banking (continued) | |||
JPMorgan Chase & Co. | |||
1.764% 11/19/31 μ | 685,000 | $ 515,626 | |
2.522% 4/22/31 μ | 10,202,000 | 8,274,380 | |
3.875% 9/10/24 | 1,424,000 | 1,395,275 | |
4.00% 4/1/25 μ, ψ | 1,650,000 | 1,507,012 | |
KeyBank | |||
4.15% 8/8/25 | 286,000 | 269,448 | |
5.00% 1/26/33 | 1,180,000 | 994,211 | |
KeyCorp | |||
3.878% 5/23/25 μ | 1,300,000 | 1,253,461 | |
4.789% 6/1/33 μ | 101,000 | 84,249 | |
Morgan Stanley | |||
1.794% 2/13/32 μ | 3,525,000 | 2,612,449 | |
3.875% 1/27/26 | 3,850,000 | 3,682,154 | |
6.138% 10/16/26 μ | 1,135,000 | 1,136,388 | |
6.342% 10/18/33 μ | 2,115,000 | 2,128,177 | |
Popular 7.25% 3/13/28 | 2,470,000 | 2,465,393 | |
SVB Financial Group | |||
4.00% 5/15/26 μ, ‡, ψ | 1,360,000 | 48,857 | |
4.57% 4/29/33 μ, ‡ | 1,320,000 | 834,908 | |
Truist Financial 4.95% 9/1/25 μ, ψ | 1,765,000 | 1,627,474 | |
US Bancorp | |||
2.491% 11/3/36 μ | 2,300,000 | 1,621,928 | |
4.653% 2/1/29 μ | 1,950,000 | 1,825,595 | |
5.727% 10/21/26 μ | 781,000 | 774,697 | |
Wells Fargo & Co. 2.879% 10/30/30 μ | 4,080,000 | 3,398,416 | |
100,443,697 | |||
Basic Industry — 1.14% | |||
BHP Billiton Finance USA 5.25% 9/8/30 | 2,350,000 | 2,296,850 | |
Celanese US Holdings 6.05% 3/15/25 | 548,000 | 546,172 | |
Graphic Packaging International 144A 0.821% 4/15/24 # | 2,480,000 | 2,404,584 | |
5,247,606 | |||
Brokerage — 2.56% | |||
Blackstone Holdings Finance | |||
144A 1.60% 3/30/31 # | 950,000 | 690,029 | |
144A 2.00% 1/30/32 # | 3,760,000 | 2,745,259 | |
Jefferies Financial Group | |||
2.625% 10/15/31 | 2,130,000 | 1,620,537 | |
5.875% 7/21/28 | 740,000 | 724,637 | |
KKR Group Finance VIII 144A 3.50% 8/25/50 # | 4,000,000 | 2,499,386 | |
National Securities Clearing 144A 1.50% 4/23/25 # | 3,745,000 | 3,515,761 | |
11,795,609 |
NQ- IV092 [0923] 1123 (3218051) 1
Schedule of investments
Delaware Ivy VIP Corporate Bond (Unaudited)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Capital Goods — 2.48% | |||
Ashtead Capital | |||
144A 2.45% 8/12/31 # | 260,000 | $ 197,514 | |
144A 5.95% 10/15/33 # | 990,000 | 940,901 | |
Lennox International 1.35% 8/1/25 | 2,750,000 | 2,534,241 | |
Masco 1.50% 2/15/28 | 2,225,000 | 1,867,763 | |
Parker-Hannifin 4.25% 9/15/27 | 250,000 | 238,955 | |
Republic Services 2.30% 3/1/30 | 3,457,000 | 2,846,954 | |
Waste Connections 3.50% 5/1/29 | 3,049,000 | 2,771,079 | |
11,397,407 | |||
Communications — 9.32% | |||
AT&T | |||
3.50% 6/1/41 | 2,000,000 | 1,390,478 | |
3.50% 9/15/53 | 1,955,000 | 1,208,968 | |
3.65% 6/1/51 | 3,900,000 | 2,516,522 | |
CCO Holdings | |||
144A 4.75% 2/1/32 # | 1,070,000 | 857,193 | |
144A 6.375% 9/1/29 # | 470,000 | 438,731 | |
Cellnex Finance 144A 3.875% 7/7/41 # | 1,320,000 | 915,737 | |
Charter Communications Operating | |||
3.85% 4/1/61 | 2,565,000 | 1,435,193 | |
3.90% 6/1/52 | 1,115,000 | 667,409 | |
4.50% 2/1/24 | 2,306,000 | 2,293,739 | |
Comcast | |||
2.887% 11/1/51 | 1,446,000 | 852,866 | |
3.25% 11/1/39 | 3,875,000 | 2,833,944 | |
3.90% 3/1/38 | 500,000 | 408,811 | |
4.80% 5/15/33 | 850,000 | 797,766 | |
Crown Castle | |||
1.05% 7/15/26 | 2,500,000 | 2,195,273 | |
3.20% 9/1/24 | 2,250,000 | 2,193,335 | |
4.00% 3/1/27 | 2,000,000 | 1,879,480 | |
Directv Financing 144A 5.875% 8/15/27 # | 1,050,000 | 929,722 | |
Discovery Communications 4.00% 9/15/55 | 1,710,000 | 1,027,266 | |
Paramount Global 4.75% 5/15/25 | 1,776,000 | 1,727,847 | |
Sprint Capital 6.875% 11/15/28 | 1,770,000 | 1,829,067 | |
T-Mobile USA | |||
3.30% 2/15/51 | 425,000 | 266,172 | |
3.50% 4/15/25 | 5,555,000 | 5,361,446 | |
4.375% 4/15/40 | 575,000 | 462,292 | |
5.75% 1/15/34 | 885,000 | 863,667 | |
Verizon Communications | |||
2.65% 11/20/40 | 1,250,000 | 791,825 | |
2.875% 11/20/50 | 1,540,000 | 891,025 | |
4.50% 8/10/33 | 3,575,000 | 3,184,614 | |
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Communications (continued) | |||
VZ Secured Financing 144A 5.00% 1/15/32 # | 705,000 | $ 554,567 | |
Warnermedia Holdings 6.412% 3/15/26 | 2,130,000 | 2,130,532 | |
42,905,487 | |||
Consumer Cyclical — 6.99% | |||
ADT Security 144A 4.875% 7/15/32 # | 969,000 | 810,375 | |
Amazon.com | |||
2.50% 6/3/50 | 4,610,000 | 2,703,651 | |
3.875% 8/22/37 | 5,677,000 | 4,849,121 | |
Aptiv 3.10% 12/1/51 | 1,548,000 | 886,190 | |
DR Horton 2.60% 10/15/25 | 3,080,000 | 2,883,374 | |
Ford Motor Credit | |||
6.95% 3/6/26 | 720,000 | 719,482 | |
6.95% 6/10/26 | 1,405,000 | 1,404,803 | |
General Motors Financial | |||
1.25% 1/8/26 | 2,125,000 | 1,899,924 | |
2.40% 10/15/28 | 1,420,000 | 1,178,090 | |
Home Depot | |||
3.30% 4/15/40 | 4,500,000 | 3,356,968 | |
4.20% 4/1/43 | 1,670,000 | 1,369,779 | |
Mercedes-Benz Finance North America | |||
144A 5.05% 8/3/33 # | 840,000 | 796,694 | |
144A 5.10% 8/3/28 # | 2,015,000 | 1,974,859 | |
NVR 3.00% 5/15/30 | 4,022,000 | 3,354,287 | |
Toyota Motor Credit 5.25% 9/11/28 | 1,955,000 | 1,944,946 | |
VICI Properties 4.95% 2/15/30 | 2,230,000 | 2,043,277 | |
32,175,820 | |||
Consumer Non-Cyclical — 8.75% | |||
Amgen | |||
2.80% 8/15/41 | 1,750,000 | 1,136,513 | |
5.15% 3/2/28 | 980,000 | 964,184 | |
5.65% 3/2/53 | 185,000 | 173,276 | |
Boston Scientific 1.90% 6/1/25 | 2,000,000 | 1,880,196 | |
Bunge Limited Finance 2.75% 5/14/31 | 1,725,000 | 1,398,513 | |
Cigna Group 5.685% 3/15/26 | 3,335,000 | 3,315,306 | |
Clorox 3.90% 5/15/28 | 4,676,000 | 4,364,814 | |
Coca-Cola Europacific Partners 144A 0.80% 5/3/24 # | 2,270,000 | 2,204,047 | |
CVS Health | |||
2.70% 8/21/40 | 1,417,000 | 894,341 | |
4.78% 3/25/38 | 1,105,000 | 952,120 | |
Eli Lilly & Co. 5.00% 2/27/26 | 1,470,000 | 1,464,851 | |
Gilead Sciences 5.55% 10/15/53 | 1,380,000 | 1,327,809 | |
JBS USA LUX 3.00% 2/2/29 | 1,560,000 | 1,310,350 |
2 NQ- IV092 [0923] 1123 (3218051)
(Unaudited)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Consumer Non-Cyclical (continued) | |||
McCormick & Co. 0.90% 2/15/26 | 3,572,000 | $ 3,202,871 | |
Merck & Co. 2.75% 12/10/51 | 1,005,000 | 607,796 | |
Nestle Holdings | |||
144A 3.90% 9/24/38 # | 1,520,000 | 1,294,312 | |
144A 4.00% 9/24/48 # | 4,020,000 | 3,256,626 | |
Pfizer Investment Enterprises | |||
4.75% 5/19/33 | 2,040,000 | 1,929,184 | |
5.30% 5/19/53 | 1,360,000 | 1,264,653 | |
Royalty Pharma | |||
1.20% 9/2/25 | 3,840,000 | 3,491,718 | |
3.30% 9/2/40 | 325,000 | 213,043 | |
3.35% 9/2/51 | 958,000 | 555,259 | |
3.55% 9/2/50 | 236,000 | 144,462 | |
Universal Health Services 1.65% 9/1/26 | 2,535,000 | 2,235,495 | |
US Foods 144A 4.75% 2/15/29 # | 775,000 | 693,585 | |
40,275,324 | |||
Electric — 9.30% | |||
American Electric Power 5.699% 8/15/25 | 1,330,000 | 1,323,756 | |
Appalachian Power 4.50% 8/1/32 | 1,005,000 | 900,366 | |
Baltimore Gas and Electric 4.25% 9/15/48 | 1,500,000 | 1,160,945 | |
Black Hills 1.037% 8/23/24 | 1,650,000 | 1,577,775 | |
CenterPoint Energy 4.25% 11/1/28 | 505,000 | 465,117 | |
CenterPoint Energy Houston Electric | |||
4.95% 4/1/33 | 2,565,000 | 2,437,802 | |
5.20% 10/1/28 | 1,315,000 | 1,305,571 | |
Commonwealth Edison | |||
2.75% 9/1/51 | 2,500,000 | 1,423,861 | |
3.65% 6/15/46 | 3,000,000 | 2,117,361 | |
Constellation Energy Generation | |||
5.60% 3/1/28 | 1,460,000 | 1,451,216 | |
6.50% 10/1/53 | 1,355,000 | 1,359,763 | |
Consumers Energy 4.625% 5/15/33 | 1,605,000 | 1,495,759 | |
Duke Energy Carolinas | |||
3.95% 11/15/28 | 364,000 | 341,899 | |
4.95% 1/15/33 | 935,000 | 889,306 | |
Duke Energy Indiana 5.40% 4/1/53 | 1,400,000 | 1,283,348 | |
Duke Energy Ohio 5.25% 4/1/33 | 1,000,000 | 966,617 | |
Edison International 8.125% 6/15/53 μ | 1,457,000 | 1,462,103 | |
Eversource Energy 5.45% 3/1/28 | 1,510,000 | 1,493,596 | |
Fells Point Funding Trust 144A 3.046% 1/31/27 # | 1,205,000 | 1,093,343 |
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Electric (continued) | |||
Louisville Gas and Electric 5.45% 4/15/33 | 1,205,000 | $ 1,181,674 | |
MidAmerican Energy 3.95% 8/1/47 | 2,000,000 | 1,516,190 | |
National Rural Utilities Cooperative Finance 4.40% 11/1/48 | 2,000,000 | 1,564,508 | |
Nevada Power 6.00% 3/15/54 | 885,000 | 865,328 | |
NextEra Energy Capital Holdings | |||
3.00% 1/15/52 | 1,879,000 | 1,111,629 | |
5.749% 9/1/25 | 635,000 | 633,424 | |
6.051% 3/1/25 | 1,483,000 | 1,485,774 | |
Oglethorpe Power 4.50% 4/1/47 | 1,450,000 | 1,085,247 | |
Southern California Edison | |||
4.125% 3/1/48 | 572,000 | 424,531 | |
4.70% 6/1/27 | 686,000 | 665,946 | |
5.65% 10/1/28 | 1,870,000 | 1,867,529 | |
Virginia Electric and Power 4.60% 12/1/48 | 1,736,000 | 1,406,181 | |
Vistra Operations | |||
144A 5.125% 5/13/25 # | 2,110,000 | 2,057,898 | |
144A 6.95% 10/15/33 # | 670,000 | 657,933 | |
WEC Energy Group 5.15% 10/1/27 | 770,000 | 757,620 | |
Wisconsin Electric Power 4.30% 10/15/48 | 1,250,000 | 979,733 | |
42,810,649 | |||
Energy — 6.48% | |||
BP Capital Markets America 2.939% 6/4/51 | 4,165,000 | 2,547,440 | |
Cheniere Energy Partners 4.50% 10/1/29 | 2,135,000 | 1,935,577 | |
Colorado Interstate Gas 144A 4.15% 8/15/26 # | 1,000,000 | 949,800 | |
ConocoPhillips | |||
5.05% 9/15/33 | 2,215,000 | 2,121,961 | |
5.55% 3/15/54 | 2,420,000 | 2,301,901 | |
Energy Transfer 6.25% 4/15/49 | 280,000 | 257,344 | |
Enterprise Products Operating 5.35% 1/31/33 | 380,000 | 371,810 | |
Kinder Morgan | |||
4.80% 2/1/33 | 1,010,000 | 911,204 | |
5.55% 6/1/45 | 1,000,000 | 860,469 | |
MPLX | |||
5.00% 3/1/33 | 1,115,000 | 1,016,763 | |
5.65% 3/1/53 | 600,000 | 516,445 | |
Occidental Petroleum 6.125% 1/1/31 | 2,911,000 | 2,872,080 | |
ONEOK | |||
5.65% 11/1/28 | 620,000 | 612,198 | |
5.80% 11/1/30 | 835,000 | 817,926 |
NQ- IV092 [0923] 1123 (3218051) 3
Schedule of investments
Delaware Ivy VIP Corporate Bond (Unaudited)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Energy (continued) | |||
ONEOK | |||
6.05% 9/1/33 | 1,485,000 | $ 1,459,783 | |
6.625% 9/1/53 | 1,400,000 | 1,372,546 | |
Sabal Trail Transmission 144A 4.246% 5/1/28 # | 2,500,000 | 2,345,265 | |
Targa Resources Partners | |||
5.00% 1/15/28 | 3,642,000 | 3,467,512 | |
6.875% 1/15/29 | 496,000 | 496,909 | |
Williams Cos. 4.85% 3/1/48 | 3,250,000 | 2,599,944 | |
29,834,877 | |||
Finance Companies — 2.49% | |||
AerCap Ireland Capital DAC | |||
1.65% 10/29/24 | 765,000 | 727,975 | |
1.75% 1/30/26 | 2,182,000 | 1,970,260 | |
3.00% 10/29/28 | 3,081,000 | 2,643,218 | |
3.40% 10/29/33 | 229,000 | 177,253 | |
Air Lease | |||
2.20% 1/15/27 | 445,000 | 394,365 | |
2.875% 1/15/32 | 1,850,000 | 1,443,232 | |
4.125% 12/15/26 μ, ψ | 1,532,000 | 1,143,333 | |
Aviation Capital Group | |||
144A 1.95% 1/30/26 # | 1,408,000 | 1,266,618 | |
144A 1.95% 9/20/26 # | 255,000 | 222,800 | |
144A 6.25% 4/15/28 # | 457,000 | 447,331 | |
Avolon Holdings Funding 144A 3.25% 2/15/27 # | 540,000 | 481,384 | |
Owl Rock Capital 4.00% 3/30/25 | 575,000 | 547,010 | |
11,464,779 | |||
Industrials — 0.08% | |||
University of Southern California 3.028% 10/1/39 | 500,000 | 375,567 | |
375,567 | |||
Insurance — 7.16% | |||
American International Group 5.125% 3/27/33 | 2,250,000 | 2,095,505 | |
Aon | |||
2.80% 5/15/30 | 4,900,000 | 4,081,934 | |
5.00% 9/12/32 | 1,225,000 | 1,149,498 | |
Athene Global Funding | |||
144A 1.985% 8/19/28 # | 5,885,000 | 4,805,592 | |
144A 2.717% 1/7/29 # | 2,935,000 | 2,442,194 | |
First American Financial 2.40% 8/15/31 | 2,100,000 | 1,560,127 | |
Marsh & McLennan 5.70% 9/15/53 | 2,680,000 | 2,592,385 | |
New York Life Global Funding | |||
144A 1.20% 8/7/30 # | 1,798,000 | 1,352,836 | |
144A 4.85% 1/9/28 # | 1,880,000 | 1,837,518 | |
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Insurance (continued) | |||
Northwestern Mutual Life Insurance 144A 3.85% 9/30/47 # | 3,000,000 | $ 2,132,796 | |
Principal Life Global Funding II 144A 3.00% 4/18/26 # | 1,000,000 | 927,720 | |
UnitedHealth Group | |||
3.05% 5/15/41 | 3,685,000 | 2,601,991 | |
3.70% 8/15/49 | 1,000,000 | 721,296 | |
4.00% 5/15/29 | 880,000 | 824,006 | |
4.20% 5/15/32 | 1,044,000 | 953,217 | |
4.50% 4/15/33 | 2,247,000 | 2,080,212 | |
5.05% 4/15/53 | 858,000 | 768,342 | |
32,927,169 | |||
Natural Gas — 0.68% | |||
Sempra 4.875% 10/15/25 μ, ψ | 1,305,000 | 1,239,732 | |
Southern California Gas 4.30% 1/15/49 | 2,505,000 | 1,894,176 | |
3,133,908 | |||
Real Estate Investment Trusts — 1.23% | |||
American Homes 4 Rent 3.625% 4/15/32 | 890,000 | 737,046 | |
Extra Space Storage | |||
2.35% 3/15/32 | 2,892,000 | 2,188,386 | |
2.55% 6/1/31 | 3,485,000 | 2,716,416 | |
5,641,848 | |||
Technology — 12.24% | |||
Adobe 2.30% 2/1/30 | 3,417,000 | 2,877,860 | |
Alphabet 2.05% 8/15/50 | 2,756,000 | 1,506,311 | |
Apple | |||
2.65% 5/11/50 | 675,000 | 413,772 | |
2.65% 2/8/51 | 1,075,000 | 652,601 | |
2.70% 8/5/51 | 1,125,000 | 685,876 | |
Autodesk 2.85% 1/15/30 | 5,231,000 | 4,437,363 | |
Broadcom | |||
144A 3.419% 4/15/33 # | 2,500,000 | 2,000,645 | |
144A 3.469% 4/15/34 # | 1,483,000 | 1,165,366 | |
CDW | |||
2.67% 12/1/26 | 815,000 | 735,937 | |
3.276% 12/1/28 | 1,545,000 | 1,334,381 | |
CoStar Group 144A 2.80% 7/15/30 # | 2,431,000 | 1,960,793 | |
Entegris Escrow 144A 5.95% 6/15/30 # | 955,000 | 886,667 | |
Equinix 2.625% 11/18/24 | 4,895,000 | 4,711,509 | |
Fidelity National Information Services 1.65% 3/1/28 | 2,225,000 | 1,884,997 | |
Fiserv 3.85% 6/1/25 | 4,646,000 | 4,492,780 | |
Global Payments 2.65% 2/15/25 | 4,000,000 | 3,812,323 |
4 NQ- IV092 [0923] 1123 (3218051)
(Unaudited)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Technology (continued) | |||
Microchip Technology 0.983% 9/1/24 | 2,685,000 | $ 2,563,727 | |
Microsoft 2.921% 3/17/52 | 2,975,000 | 1,953,332 | |
NXP 3.875% 6/18/26 | 2,800,000 | 2,663,208 | |
Oracle | |||
3.60% 4/1/50 | 1,736,000 | 1,123,945 | |
4.65% 5/6/30 | 605,000 | 566,099 | |
PayPal Holdings | |||
2.30% 6/1/30 | 2,110,000 | 1,726,052 | |
3.25% 6/1/50 | 1,100,000 | 722,063 | |
3.90% 6/1/27 | 445,000 | 425,574 | |
Sensata Technologies 144A 3.75% 2/15/31 # | 1,115,000 | 903,540 | |
Texas Instruments 3.875% 3/15/39 | 2,994,000 | 2,476,145 | |
Thomson Reuters 3.35% 5/15/26 | 2,760,000 | 2,608,127 | |
Visa 2.70% 4/15/40 | 4,897,000 | 3,452,563 | |
VMware 4.50% 5/15/25 | 1,650,000 | 1,612,405 | |
56,355,961 | |||
Transportation — 1.82% | |||
Air Canada 144A 3.875% 8/15/26 # | 1,435,000 | 1,303,738 | |
American Airlines 144A 5.50% 4/20/26 # | 1,292,500 | 1,263,487 | |
Burlington Northern Santa Fe 4.55% 9/1/44 | 1,000,000 | 843,141 | |
Delta Air Lines 2020-1 Class AA Pass Through Trust 2.00% 12/10/29 ♦ | 1,251,443 | 1,093,377 | |
ERAC USA Finance | |||
144A 4.90% 5/1/33 # | 1,580,000 | 1,489,058 | |
144A 5.40% 5/1/53 # | 590,000 | 545,667 | |
United Airlines 2016-1 Class AA Pass Through Trust 3.10% 1/7/30 ♦ | 2,016,043 | 1,822,060 | |
8,360,528 | |||
Utilities — 0.44% | |||
American Water Capital 4.15% 6/1/49 | 2,600,000 | 2,023,357 | |
2,023,357 | |||
Total Corporate Bonds (cost $508,403,209) | 437,169,593 | ||
Municipal Bonds — 0.82% | |||
Commonwealth of Puerto Rico | |||
(Restructured) | |||
Series A-1 2.986% 7/1/24 ^ | 8,261 | 7,982 | |
Series A-1 4.00% 7/1/35 | 36,981 | 32,225 |
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
GDB Debt Recovery Authority of Puerto Rico Revenue | |||
7.50% 8/20/40 | 1,524,372 | $ 1,234,741 | |
New York City, New York Industrial Development Agency | |||
(Yankee Stadium Project) 144A 11.00% 3/1/29 # | 2,210,000 | 2,510,229 | |
Total Municipal Bonds (cost $3,705,717) | 3,785,177 | ||
Sovereign Bonds — 0.51%Δ | |||
Colombia — 0.15% | |||
Colombia Government International Bond 3.25% 4/22/32 | 925,000 | 666,826 | |
666,826 | |||
Mexico — 0.16% | |||
Mexico Government International Bond 3.75% 4/19/71 | 1,250,000 | 715,868 | |
715,868 | |||
United States — 0.20% | |||
Tennessee Valley Authority 2.875% 2/1/27 | 1,000,000 | 939,618 | |
939,618 | |||
Total Sovereign Bonds (cost $3,150,855) | 2,322,312 | ||
US Treasury Obligations — 1.93% | |||
US Treasury Bonds | |||
3.625% 2/15/53 | 2,025,000 | 1,675,213 | |
3.875% 2/15/43 | 615,000 | 535,338 | |
US Treasury Notes | |||
3.375% 5/15/33 | 295,000 | 267,574 | |
3.50% 1/31/30 | 6,855,000 | 6,426,295 | |
Total US Treasury Obligations (cost $9,621,590) | 8,904,420 |
Number of shares | |||
Short-Term Investments — 1.48% | |||
Money Market Mutual Funds — 1.48% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 5.24%) | 1,707,888 | 1,707,888 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 5.23%) | 1,707,888 | 1,707,888 |
NQ- IV092 [0923] 1123 (3218051) 5
Schedule of investments
Delaware Ivy VIP Corporate Bond (Unaudited)
Number of shares | Value (US $) | ||
Short-Term Investments (continued) | |||
Money Market Mutual Funds (continued) | |||
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 5.37%) | 1,707,888 | $ 1,707,888 | |
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 5.27%) | 1,707,888 | 1,707,888 | |
Total Short-Term Investments (cost $6,831,552) | 6,831,552 | ||
Total Value of Securities—99.72% (cost $531,712,934) | 459,013,054 | ||
Receivables and Other Assets Net of Liabilities—0.28% | 1,279,817 | ||
Net Assets Applicable to 105,783,681 Shares Outstanding—100.00% | $460,292,871 |
° | Principal amount shown is stated in USD unless noted that the security is denominated in another currency. |
• | Variable rate investment. Rates reset periodically. Rate shown reflects the rate in effect at September 30, 2023. 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. SOFR01M, SOFR03M, 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. |
μ | Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at September 30, 2023. Rate will reset at a future date. |
ψ | Perpetual security. Maturity date represents next call date. |
# | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At September 30, 2023, the aggregate value of Rule 144A securities was $70,558,572, which represents 15.33% of the Portfolio's net assets. |
‡ | Non-income producing security. Security is currently in default. |
♦ | 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. |
^ | Zero-coupon security. The rate shown is the effective yield at the time of purchase. |
Δ | Securities have been classified by country of risk. |
Summary of abbreviations: |
DAC – Designated Activity Company |
GNMA – Government National Mortgage Association |
SOFR01M – Secured Overnight Financing Rate 1 Month |
SOFR03M – Secured Overnight Financing Rate 3 Month |
6 NQ- IV092 [0923] 1123 (3218051)