Consolidated schedule of investments
Delaware Ivy VIP Asset Strategy
September 30, 2023 (Unaudited)
Principal amount° | Value (US $) | ||
Agency Collateralized Mortgage Obligations — 0.13% | |||
Fannie Mae REMICs | |||
Series 2015-18 NS 0.691% (6.01% minus SOFR, Cap 6.12%) 4/25/45 Σ, • | 986,349 | $ 87,504 | |
Series 2015-37 SB 0.191% (5.51% minus SOFR, Cap 5.62%) 6/25/45 Σ, • | 2,019,965 | 132,372 | |
Series 2016-48 US 0.671% (5.99% minus SOFR, Cap 6.10%) 8/25/46 Σ, • | 2,278,961 | 138,431 | |
Series 2017-33 AI 4.50% 5/25/47 Σ | 952,148 | 141,553 | |
Series 2019-13 IP 5.00% 3/25/49 Σ | 657,912 | 132,763 | |
Series 4740 SB 0.722% (6.04% minus SOFR, Cap 6.15%) 11/15/47 Σ, • | 1,007,258 | 85,833 | |
Total Agency Collateralized Mortgage Obligations (cost $1,448,012) | 718,456 | ||
Agency Commercial Mortgage-Backed Securities — 0.81% | |||
Fannie Mae Series 2017-M2 A2 2.899% 2/25/27 • | 1,207,687 | 1,125,373 | |
Freddie Mac Multifamily Structured Pass Through Certificates | |||
Series K103 X1 0.757% 11/25/29 ♦, • | 2,016,012 | 63,411 | |
Series K115 X1 1.427% 6/25/30 ♦, • | 1,789,374 | 122,534 | |
FREMF Mortgage Trust | |||
Series 2016-K60 B 144A 3.664% 12/25/49 #, • | 2,751,000 | 2,553,319 | |
Series 2018-K73 B 144A 3.986% 2/25/51 #, • | 600,000 | 550,731 | |
Total Agency Commercial Mortgage-Backed Securities (cost $5,048,067) | 4,415,368 | ||
Agency Mortgage-Backed Securities — 9.61% | |||
Fannie Mae S.F. 15 yr | |||
2.00% 3/1/37 | 897,000 | 774,052 | |
2.50% 4/1/36 | 1,872,301 | 1,654,825 | |
5.50% 10/1/38 | 602,000 | 595,632 | |
Fannie Mae S.F. 30 yr | |||
2.00% 3/1/51 | 4,301,744 | 3,287,686 | |
2.00% 5/1/51 | 3,213,004 | 2,446,717 | |
2.50% 8/1/50 | 502,529 | 405,704 |
Principal amount° | Value (US $) | ||
Agency Mortgage-Backed Securities (continued) | |||
Fannie Mae S.F. 30 yr | |||
2.50% 2/1/52 | 769,216 | $ 612,690 | |
3.00% 8/1/50 | 706,882 | 591,731 | |
3.00% 12/1/51 | 943,202 | 786,994 | |
3.00% 2/1/52 | 2,053,172 | 1,706,729 | |
3.50% 6/1/52 | 6,268,515 | 5,394,983 | |
4.00% 3/1/47 | 1,744,075 | 1,588,292 | |
4.00% 5/1/51 | 92,708 | 83,790 | |
4.50% 9/1/52 | 1,175,053 | 1,079,973 | |
4.50% 10/1/52 | 1,834,347 | 1,684,974 | |
4.50% 2/1/53 | 3,180,951 | 2,922,058 | |
5.00% 6/1/52 | 874,574 | 826,013 | |
5.00% 9/1/52 | 1,314,293 | 1,241,110 | |
5.50% 10/1/52 | 1,236,676 | 1,199,088 | |
5.50% 11/1/52 | 868,752 | 841,854 | |
5.50% 3/1/53 | 1,618,405 | 1,564,618 | |
5.50% 7/1/53 | 450,751 | 435,771 | |
6.00% 12/1/52 | 1,225,477 | 1,210,118 | |
6.00% 6/1/53 | 870,715 | 859,585 | |
6.00% 7/1/53 | 422,070 | 421,226 | |
Freddie Mac S.F. 20 yr | |||
2.50% 2/1/42 | 884,557 | 728,351 | |
3.00% 3/1/37 | 722,152 | 644,259 | |
Freddie Mac S.F. 30 yr | |||
2.50% 11/1/51 | 3,531,682 | 2,840,776 | |
2.50% 12/1/51 | 471,085 | 377,832 | |
2.50% 1/1/52 | 1,452,184 | 1,159,088 | |
3.00% 1/1/52 | 2,922,806 | 2,421,510 | |
3.50% 6/1/47 | 1,406,970 | 1,231,939 | |
4.00% 8/1/52 | 928,758 | 829,557 | |
4.00% 9/1/52 | 1,258,346 | 1,123,380 | |
4.50% 9/1/52 | 1,495,089 | 1,373,925 | |
4.50% 10/1/52 | 792,187 | 727,658 | |
5.00% 7/1/52 | 1,135,576 | 1,072,521 | |
5.50% 9/1/52 | 971,047 | 941,018 | |
5.50% 11/1/52 | 752,578 | 729,932 | |
5.50% 3/1/53 | 363,611 | 353,091 | |
5.50% 9/1/53 | 730,291 | 707,738 | |
GNMA II S.F. 30 yr | |||
3.00% 12/20/51 | 489,763 | 415,815 | |
5.00% 9/20/52 | 691,401 | 656,097 | |
Total Agency Mortgage-Backed Securities (cost $56,194,143) | 52,550,700 |
Corporate Bonds — 8.82% | |||
Banking — 2.07% | |||
Banco Santander 5.588% 8/8/28 | 200,000 | 195,750 |
NQ- IV090 [0923] 1123 (3218045) 1
Consolidated schedule of investments
Delaware Ivy VIP Asset Strategy (Unaudited)
Principalamount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Banking (continued) | |||
Bank of America | |||
2.972% 2/4/33 μ | 265,000 | $ 209,067 | |
4.375% 1/27/27 μ, ψ | 45,000 | 37,825 | |
5.819% 9/15/29 μ | 100,000 | 98,814 | |
5.872% 9/15/34 μ | 110,000 | 107,107 | |
6.204% 11/10/28 μ | 380,000 | 381,858 | |
Bank of New York Mellon 5.834% 10/25/33 μ | 375,000 | 368,834 | |
Barclays | |||
6.224% 5/9/34 μ | 210,000 | 199,076 | |
7.385% 11/2/28 μ | 200,000 | 205,289 | |
Citigroup | |||
5.61% 9/29/26 μ | 100,000 | 99,004 | |
6.174% 5/25/34 μ | 122,000 | 116,670 | |
Citizens Bank 6.064% 10/24/25 μ | 750,000 | 723,941 | |
Credit Agricole 144A 5.514% 7/5/33 # | 500,000 | 481,800 | |
Deutsche Bank | |||
3.729% 1/14/32 μ | 248,000 | 184,746 | |
3.742% 1/7/33 μ | 200,000 | 143,636 | |
6.72% 1/18/29 μ | 185,000 | 184,000 | |
7.146% 7/13/27 μ | 150,000 | 151,072 | |
Fifth Third Bancorp 6.361% 10/27/28 μ | 627,000 | 621,783 | |
Fifth Third Bank 5.852% 10/27/25 μ | 250,000 | 246,033 | |
Goldman Sachs Group | |||
1.542% 9/10/27 μ | 570,000 | 499,274 | |
3.102% 2/24/33 μ | 215,000 | 172,006 | |
Huntington Bancshares 6.208% 8/21/29 μ | 230,000 | 225,126 | |
Huntington National Bank | |||
4.552% 5/17/28 μ | 255,000 | 238,599 | |
5.65% 1/10/30 | 250,000 | 235,770 | |
ING Groep 6.083% 9/11/27 μ | 200,000 | 199,214 | |
JPMorgan Chase & Co. | |||
1.953% 2/4/32 μ | 165,000 | 125,213 | |
5.35% 6/1/34 μ | 145,000 | 137,585 | |
KeyBank | |||
5.00% 1/26/33 | 470,000 | 395,999 | |
5.85% 11/15/27 | 80,000 | 76,126 | |
KeyCorp 4.789% 6/1/33 μ | 110,000 | 91,756 |
Principalamount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Banking (continued) | |||
Morgan Stanley | |||
1.928% 4/28/32 μ | 625,000 | $ 464,532 | |
2.484% 9/16/36 μ | 1,470,000 | 1,068,872 | |
5.25% 4/21/34 μ | 67,000 | 62,250 | |
5.424% 7/21/34 μ | 255,000 | 240,649 | |
6.138% 10/16/26 μ | 135,000 | 135,165 | |
6.296% 10/18/28 μ | 224,000 | 225,799 | |
6.342% 10/18/33 μ | 110,000 | 110,685 | |
PNC Financial Services Group 5.671% 10/28/25 μ | 195,000 | 193,560 | |
Popular 7.25% 3/13/28 | 130,000 | 129,758 | |
SVB Financial Group 4.57% 4/29/33 μ, ‡ | 387,000 | 244,780 | |
Truist Financial 6.123% 10/28/33 μ | 117,000 | 112,602 | |
US Bancorp | |||
2.491% 11/3/36 μ | 1,245,000 | 877,957 | |
4.653% 2/1/29 μ | 167,000 | 156,346 | |
4.839% 2/1/34 μ | 120,000 | 105,734 | |
5.727% 10/21/26 μ | 37,000 | 36,701 | |
11,318,363 | |||
Basic Industry — 0.22% | |||
BHP Billiton Finance USA 5.25% 9/8/30 | 210,000 | 205,250 | |
Celanese US Holdings 6.05% 3/15/25 | 109,000 | 108,636 | |
Sherwin-Williams 2.90% 3/15/52 | 710,000 | 411,405 | |
Suzano Austria 2.50% 9/15/28 | 600,000 | 499,063 | |
1,224,354 | |||
Brokerage — 0.13% | |||
Jefferies Financial Group | |||
2.625% 10/15/31 | 630,000 | 479,314 | |
5.875% 7/21/28 | 238,000 | 233,059 | |
712,373 | |||
Capital Goods — 0.07% | |||
Standard Industries 144A 4.375% 7/15/30 # | 483,000 | 400,525 | |
400,525 | |||
Communications — 0.85% | |||
AT&T 3.65% 6/1/51 | 1,263,000 | 814,966 | |
Charter Communications Operating 3.85% 4/1/61 | 1,625,000 | 909,236 | |
Comcast | |||
1.50% 2/15/31 | 2,000,000 | 1,511,832 | |
4.80% 5/15/33 | 100,000 | 93,855 |
2 NQ- IV090 [0923] 1123 (3218045)
(Unaudited)
Principalamount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Communications (continued) | |||
Crown Castle | |||
1.05% 7/15/26 | 415,000 | $ 364,415 | |
2.10% 4/1/31 | 610,000 | 465,844 | |
Frontier Communications Holdings 144A 5.00% 5/1/28 # | 210,000 | 179,564 | |
T-Mobile USA 5.75% 1/15/34 | 95,000 | 92,710 | |
Verizon Communications 2.875% 11/20/50 | 135,000 | 78,109 | |
Warnermedia Holdings 5.141% 3/15/52 | 175,000 | 130,137 | |
4,640,668 | |||
Consumer Cyclical — 0.55% | |||
Alibaba Group Holding 2.125% 2/9/31 | 500,000 | 390,441 | |
Amazon.com | |||
1.50% 6/3/30 | 4,000 | 3,169 | |
2.50% 6/3/50 | 753,000 | 441,616 | |
Aptiv 3.10% 12/1/51 | 400,000 | 228,990 | |
Carnival 144A 4.00% 8/1/28 # | 285,000 | 247,350 | |
Ford Motor Credit 6.95% 6/10/26 | 200,000 | 199,972 | |
Home Depot 1.875% 9/15/31 | 1,000,000 | 776,947 | |
Mercedes-Benz Finance North America | |||
144A 5.05% 8/3/33 # | 150,000 | 142,267 | |
144A 5.10% 8/3/28 # | 225,000 | 220,518 | |
VICI Properties 4.95% 2/15/30 | 370,000 | 339,019 | |
2,990,289 | |||
Consumer Non-Cyclical — 1.19% | |||
AbbVie 3.20% 11/21/29 | 2,000,000 | 1,765,927 | |
Amgen | |||
5.15% 3/2/28 | 115,000 | 113,144 | |
5.25% 3/2/30 | 110,000 | 107,512 | |
5.25% 3/2/33 | 423,000 | 404,558 | |
5.65% 3/2/53 | 80,000 | 74,930 | |
CVS Health | |||
1.30% 8/21/27 | 2,000,000 | 1,700,720 | |
2.70% 8/21/40 | 655,000 | 413,404 | |
5.25% 1/30/31 | 95,000 | 91,328 | |
Gilead Sciences 5.55% 10/15/53 | 150,000 | 144,327 | |
HCA | |||
3.50% 7/15/51 | 139,000 | 86,921 | |
5.20% 6/1/28 | 71,000 | 68,656 | |
JBS USA LUX 3.00% 2/2/29 | 225,000 | 188,993 | |
Nestle Holdings 144A 1.875% 9/14/31 # | 1,000,000 | 784,925 |
Principalamount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Consumer Non-Cyclical (continued) | |||
Pfizer Investment Enterprises | |||
4.75% 5/19/33 | 230,000 | $ 217,506 | |
5.11% 5/19/43 | 160,000 | 147,031 | |
5.30% 5/19/53 | 135,000 | 125,535 | |
Zoetis 5.40% 11/14/25 | 65,000 | 64,739 | |
6,500,156 | |||
Consumer Staples — 0.08% | |||
COTA Series D 144A 4.882% 8/20/26 #, <<, = | 3,237,686 | 433,850 | |
433,850 | |||
Electric — 0.92% | |||
AEP Texas 5.40% 6/1/33 | 75,000 | 71,590 | |
Appalachian Power 4.50% 8/1/32 | 540,000 | 483,779 | |
Berkshire Hathaway Energy 2.85% 5/15/51 | 160,000 | 92,429 | |
Duke Energy Carolinas 4.95% 1/15/33 | 150,000 | 142,670 | |
Exelon 5.30% 3/15/33 | 95,000 | 90,685 | |
Fells Point Funding Trust 144A 3.046% 1/31/27 # | 115,000 | 104,344 | |
National Rural Utilities Cooperative Finance 5.80% 1/15/33 | 30,000 | 29,990 | |
Nevada Power 5.90% 5/1/53 | 260,000 | 250,840 | |
NextEra Energy Capital Holdings | |||
3.00% 1/15/52 | 170,000 | 100,573 | |
5.749% 9/1/25 | 70,000 | 69,826 | |
Pacific Gas & Electric 3.00% 6/15/28 | 1,154,000 | 991,032 | |
Southern 5.70% 10/15/32 | 205,000 | 201,585 | |
Virginia Electric and Power 2.45% 12/15/50 | 2,500,000 | 1,343,176 | |
Vistra Operations | |||
144A 5.125% 5/13/25 # | 1,000,000 | 975,307 | |
144A 6.95% 10/15/33 # | 75,000 | 73,649 | |
5,021,475 | |||
Energy — 0.60% | |||
BP Capital Markets America | |||
2.721% 1/12/32 | 215,000 | 174,588 | |
2.939% 6/4/51 | 555,000 | 339,455 | |
4.812% 2/13/33 | 105,000 | 98,336 | |
Cheniere Energy Partners 4.50% 10/1/29 | 240,000 | 217,582 | |
Diamondback Energy 4.25% 3/15/52 | 245,000 | 174,249 |
NQ- IV090 [0923] 1123 (3218045) 3
Consolidated schedule of investments
Delaware Ivy VIP Asset Strategy (Unaudited)
Principalamount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Energy (continued) | |||
Enterprise Products Operating | |||
3.30% 2/15/53 | 670,000 | $ 436,596 | |
5.35% 1/31/33 | 45,000 | 44,030 | |
Galaxy Pipeline Assets Bidco 144A 2.625% 3/31/36 # | 500,000 | 387,716 | |
Occidental Petroleum 6.125% 1/1/31 | 217,000 | 214,099 | |
ONEOK | |||
5.65% 11/1/28 | 70,000 | 69,119 | |
5.80% 11/1/30 | 95,000 | 93,057 | |
6.05% 9/1/33 | 170,000 | 167,113 | |
6.625% 9/1/53 | 160,000 | 156,862 | |
Targa Resources Partners 5.00% 1/15/28 | 770,000 | 733,109 | |
3,305,911 | |||
Finance Companies — 0.65% | |||
AerCap Ireland Capital DAC 2.45% 10/29/26 | 2,500,000 | 2,240,479 | |
Air Lease | |||
2.875% 1/15/32 | 440,000 | 343,255 | |
4.125% 12/15/26 μ, ψ | 605,000 | 451,512 | |
Aviation Capital Group | |||
144A 3.50% 11/1/27 # | 495,000 | 437,503 | |
144A 6.25% 4/15/28 # | 61,000 | 59,709 | |
3,532,458 | |||
Government Agency — 0.14% | |||
Aeropuerto Internacional de Tocumen 144A 4.00% 8/11/41 # | 500,000 | 389,437 | |
Comision Federal de Electricidad 144A 3.875% 7/26/33 # | 500,000 | 379,496 | |
768,933 | |||
Insurance — 0.62% | |||
American International Group 5.125% 3/27/33 | 345,000 | 321,311 | |
Aon 5.00% 9/12/32 | 635,000 | 595,862 | |
Athene Holding | |||
3.45% 5/15/52 | 385,000 | 229,362 | |
3.95% 5/25/51 | 175,000 | 115,020 | |
Berkshire Hathaway Finance 3.85% 3/15/52 | 555,000 | 414,347 | |
Elevance Health 5.125% 2/15/53 | 55,000 | 48,612 | |
Marsh & McLennan 5.70% 9/15/53 | 415,000 | 401,433 |
Principalamount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Insurance (continued) | |||
UnitedHealth Group | |||
4.20% 5/15/32 | 262,000 | $ 239,217 | |
4.50% 4/15/33 | 888,000 | 822,087 | |
5.05% 4/15/53 | 215,000 | 192,533 | |
3,379,784 | |||
Natural Gas — 0.10% | |||
Atmos Energy | |||
2.85% 2/15/52 | 150,000 | 90,083 | |
5.75% 10/15/52 | 270,000 | 264,942 | |
Southern Co. Gas Capital 5.15% 9/15/32 | 231,000 | 217,673 | |
572,698 | |||
Real Estate Investment Trusts — 0.01% | |||
American Homes 4 Rent 3.625% 4/15/32 | 85,000 | 70,392 | |
70,392 | |||
Technology — 0.55% | |||
Apple | |||
2.40% 8/20/50 | 878,000 | 518,419 | |
2.65% 2/8/51 | 2,000,000 | 1,214,142 | |
4.30% 5/10/33 | 135,000 | 127,517 | |
4.85% 5/10/53 | 150,000 | 137,520 | |
Autodesk 2.40% 12/15/31 | 165,000 | 130,159 | |
CDW 3.276% 12/1/28 | 555,000 | 479,341 | |
Entegris Escrow 144A 4.75% 4/15/29 # | 150,000 | 134,987 | |
Oracle | |||
3.60% 4/1/50 | 286,000 | 185,166 | |
4.65% 5/6/30 | 70,000 | 65,499 | |
2,992,750 | |||
Transportation — 0.07% | |||
Burlington Northern Santa Fe | |||
2.875% 6/15/52 | 135,000 | 83,244 | |
4.45% 1/15/53 | 145,000 | 120,304 | |
ERAC USA Finance | |||
144A 4.90% 5/1/33 # | 105,000 | 98,956 | |
144A 5.40% 5/1/53 # | 65,000 | 60,116 | |
362,620 | |||
Total Corporate Bonds (cost $58,970,072) | 48,227,599 | ||
Non-Agency Commercial Mortgage-Backed Securities — 1.96% | |||
BANK | |||
Series 2019-BN21 A5 2.851% 10/17/52 | 1,465,000 | 1,234,412 |
4 NQ- IV090 [0923] 1123 (3218045)
(Unaudited)
Principalamount° | Value (US $) | ||
Non-Agency Commercial Mortgage-Backed Securities (continued) | |||
BANK | |||
Series 2020-BN25 A5 2.649% 1/15/63 | 1,000,000 | $ 822,933 | |
BBCMS Mortgage Trust Series 2020-C7 A5 2.037% 4/15/53 | 1,000,000 | 791,628 | |
Benchmark Mortgage Trust | |||
Series 2020-B18 A5 1.925% 7/15/53 | 2,000,000 | 1,526,392 | |
Series 2021-B24 A5 2.584% 3/15/54 | 2,000,000 | 1,554,522 | |
Series 2021-B25 A5 2.577% 4/15/54 | 2,000,000 | 1,522,979 | |
BMO Mortgage Trust Series 2022-C1 A5 3.374% 2/15/55 • | 2,000,000 | 1,665,964 | |
GS Mortgage Securities Trust Series 2020-GC47 A5 2.377% 5/12/53 | 2,000,000 | 1,605,620 | |
Total Non-Agency Commercial Mortgage-Backed Securities (cost $11,578,864) | 10,724,450 | ||
Sovereign Bonds — 0.51%Δ | |||
Mexico — 0.07% | |||
Mexico Government International Bond 5.00% 4/27/51 | 500,000 | 385,933 | |
385,933 | |||
Peru — 0.07% | |||
Peruvian Government International Bond 3.00% 1/15/34 | 500,000 | 386,655 | |
386,655 | |||
United Kingdom — 0.37% | |||
United Kingdom Gilt 4.50% 6/7/28 | GBP | 1,630,000 | 1,989,722 |
1,989,722 | |||
Total Sovereign Bonds (cost $3,086,717) | 2,762,310 | ||
US Treasury Obligations — 9.01% | |||
US Treasury Bonds | |||
2.375% 2/15/42 | 5,290,000 | 3,658,262 | |
3.00% 2/15/49 | 475,000 | 347,288 | |
3.625% 2/15/53 | 1,565,000 | 1,294,671 | |
3.625% 5/15/53 | 625,000 | 517,627 | |
3.875% 2/15/43 | 1,430,000 | 1,244,770 | |
4.375% 2/15/38 | 2,755,000 | 2,671,812 |
Principalamount° | Value (US $) | ||
US Treasury Obligations (continued) | |||
US Treasury Floating Rate Notes | |||
5.528% (USBMMY3M + 0.13%) 7/31/25 • | 9,680,000 | $ 9,672,157 | |
5.572% (USBMMY3M + 0.17%) 4/30/25 • | 8,525,000 | 8,529,289 | |
US Treasury Notes | |||
3.375% 5/15/33 | 6,430,000 | 5,832,211 | |
3.875% 6/30/30 | 1,010,000 | 958,790 | |
3.875% 7/31/30 | 900,000 | 867,094 | |
3.875% 8/15/33 | 225,000 | 212,625 | |
4.00% 6/30/28 | 4,215,000 | 4,102,957 | |
4.125% 6/15/26 | 3,920,000 | 3,847,725 | |
4.125% 8/31/30 | 130,000 | 126,202 | |
4.50% 9/30/28 | 5,315,000 | 5,318,737 | |
4.75% 7/15/26 | 55,000 | 54,497 | |
Total US Treasury Obligations (cost $52,040,390) | 49,256,714 |
Number of shares | |||
Common Stocks — 59.38% | |||
Communication Services — 5.61% | |||
Alphabet Class A † | 76,445 | 10,003,593 | |
Deutsche Telekom | 288,287 | 6,055,596 | |
Netflix † | 8,740 | 3,300,224 | |
Pinterest Class A † | 254,123 | 6,868,945 | |
Tencent Holdings | 114,000 | 4,457,543 | |
30,685,901 | |||
Consumer Discretionary — 6.53% | |||
Amazon.com † | 87,986 | 11,184,780 | |
Aptiv † | 52,110 | 5,137,525 | |
Darden Restaurants | 34,741 | 4,975,606 | |
Ferrari | 17,463 | 5,164,033 | |
H World Group ADR † | 103,762 | 4,091,336 | |
LVMH Moet Hennessy Louis Vuitton | 6,787 | 5,140,568 | |
Media Group Holdings Series H <<, =, † | 31,963 | 0 | |
Media Group Holdings Series T <<, =, † | 4,006 | 0 | |
35,693,848 | |||
Consumer Staples — 4.71% | |||
Asahi Group Holdings | 109,600 | 4,099,732 | |
Casey's General Stores | 14,259 | 3,871,604 | |
China Mengniu Dairy † | 1,601,313 | 5,367,735 | |
COTA Series B <<, =, † | 26 | 0 | |
Procter & Gamble | 43,770 | 6,384,292 |
NQ- IV090 [0923] 1123 (3218045) 5
Consolidated schedule of investments
Delaware Ivy VIP Asset Strategy (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Consumer Staples (continued) | |||
Reckitt Benckiser Group | 85,325 | $ 6,031,846 | |
25,755,209 | |||
Energy — 4.11% | |||
Canadian Natural Resources | 136,498 | 8,827,326 | |
ConocoPhillips | 64,805 | 7,763,639 | |
Shell | 92,811 | 2,993,286 | |
TotalEnergies | 43,648 | 2,875,410 | |
22,459,661 | |||
Financials — 8.74% | |||
Banco do Brasil | 366,725 | 3,447,246 | |
BNP Paribas | 92,718 | 5,923,718 | |
ICICI Bank | 334,332 | 3,832,440 | |
Intercontinental Exchange | 35,609 | 3,917,702 | |
Mastercard Class A | 22,222 | 8,797,912 | |
Mitsubishi UFJ Financial Group | 728,400 | 6,182,919 | |
Morgan Stanley | 53,912 | 4,402,993 | |
ORIX | 189,197 | 3,536,050 | |
Prudential | 358,037 | 3,882,642 | |
State Bank of India | 535,097 | 3,856,906 | |
47,780,528 | |||
Healthcare — 8.43% | |||
Abbott Laboratories | 32,780 | 3,174,743 | |
AstraZeneca | 40,741 | 5,518,593 | |
Biogen † | 12,730 | 3,271,737 | |
Danaher | 16,847 | 4,179,741 | |
Eli Lilly & Co. | 11,983 | 6,436,429 | |
Genmab † | 16,181 | 5,752,673 | |
Thermo Fisher Scientific | 8,045 | 4,072,138 | |
UnitedHealth Group | 13,728 | 6,921,520 | |
Vertex Pharmaceuticals † | 19,398 | 6,745,460 | |
46,073,034 | |||
Industrials — 6.52% | |||
Airbus | 54,364 | 7,298,345 | |
Canadian Pacific Kansas City | 64,582 | 4,800,441 | |
Howmet Aerospace | 110,669 | 5,118,441 | |
Ingersoll Rand | 82,338 | 5,246,577 | |
ITOCHU | 107,200 | 3,877,966 | |
Thales | 35,134 | 4,944,056 | |
Vinci | 39,530 | 4,389,111 | |
35,674,937 | |||
Information Technology — 12.52% | |||
Apple | 56,078 | 9,601,114 | |
Intuit | 14,510 | 7,413,739 | |
KLA | 10,190 | 4,673,745 | |
Microchip Technology | 60,056 | 4,687,371 | |
Microsoft | 43,336 | 13,683,342 | |
NVIDIA | 13,332 | 5,799,287 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Information Technology (continued) | |||
Salesforce † | 26,942 | $ 5,463,299 | |
Seagate Technology Holdings | 89,862 | 5,926,399 | |
Taiwan Semiconductor Manufacturing | 363,450 | 5,926,505 | |
VeriSign † | 26,024 | 5,270,641 | |
68,445,442 | |||
Materials — 0.63% | |||
Mondi | 206,597 | 3,459,647 | |
3,459,647 | |||
Utilities — 1.58% | |||
NTPC | 1,636,849 | 4,840,104 | |
RWE | 101,526 | 3,772,943 | |
8,613,047 | |||
Total Common Stocks (cost $319,836,006) | 324,641,254 | ||
Preferred Stock — 0.73% | |||
Petroleo Brasileiro 11.20% ω | 582,907 | 3,998,495 | |
Total Preferred Stock (cost $3,541,235) | 3,998,495 | ||
Exchange-Traded Funds — 3.61% | |||
iShares 0-5 Year High Yield Corporate Bond ETF | 242,735 | 9,959,417 | |
Vanguard Russell 2000 ETF | 137,034 | 9,789,709 | |
Total Exchange-Traded Funds (cost $20,578,837) | 19,749,126 |
Troy Ounces | |||
Bullion — 4.05% | |||
Gold | 11,963 | 22,108,902 | |
Total Bullion (cost $14,475,188) | 22,108,902 |
Number of shares | |||
Short-Term Investments — 1.05% | |||
Money Market Mutual Funds — 1.05% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 5.24%) | 1,442,441 | 1,442,441 |
6 NQ- IV090 [0923] 1123 (3218045)
(Unaudited)
Number of shares | Value (US $) | ||
Short-Term Investments (continued) | |||
Money Market Mutual Funds (continued) | |||
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 5.23%) | 1,442,441 | $ 1,442,441 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 5.37%) | 1,442,441 | 1,442,441 | |
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 5.27%) | 1,442,441 | 1,442,441 | |
Total Short-Term Investments (cost $5,769,764) | 5,769,764 | ||
Total Value of Securities—99.67% (cost $552,567,295) | 544,923,138 | ||
Receivables and Other Assets Net of Liabilities—0.33%★ | 1,790,524 | ||
Net Assets Applicable to 66,783,370 Shares Outstanding—100.00% | $546,713,662 |
° | Principal amount shown is stated in USD unless noted that the security is denominated in another currency. |
Σ | Interest only security. An interest only security is the interest only portion of a fixed income security, which is separated and sold individually from the principal portion of the security. |
• | 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. |
♦ | 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. |
# | 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 $9,096,069, which represents 1.66% of the Portfolio's net assets. |
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. |
‡ | Non-income producing security. Security is currently in default. |
<< | Affiliated company. |
= | The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security. |
Δ | Securities have been classified by country of risk. |
† | Non-income producing security. |
ω | Perpetual security with no stated maturity date. |
★ | Includes $485,359 cash collateral held at broker for futures contracts as of September 30,2023. |
The following foreign currency exchange contracts and futures contracts were outstanding at September 30, 2023:
Forward Foreign Currency Exchange Contracts | ||||||||||
Counterparty | Currency to Receive (Deliver) | In Exchange For | Settlement Date | Unrealized Appreciation | ||||||
JPMCB | GBP | (1,700,000) | USD | 2,091,442 | 11/17/23 | $16,681 |
NQ- IV090 [0923] 1123 (3218045) 7
Consolidated schedule of investments
Delaware Ivy VIP Asset Strategy (Unaudited)
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 | |||||||
235 | US Treasury 5 yr Notes | $24,759,454 | $24,986,167 | 12/29/23 | $— | $(226,713) | $36,719 | ||||||
49 | US Treasury 10 yr Notes | 5,295,063 | 5,393,186 | 12/19/23 | — | (98,123) | 9,953 | ||||||
(4) | US Treasury Long Bonds | (455,125) | (480,177) | 12/19/23 | 25,052 | — | (1,125) | ||||||
7 | US Treasury Ultra Bonds | 830,812 | 892,190 | 12/19/23 | — | (61,378) | 2,625 | ||||||
Total Futures Contracts | $30,791,366 | $25,052 | $(386,214) | $48,172 |
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 consolidated schedule of investments. The foreign currency exchange contracts and notional amounts presented above represent the Portfolio's total exposure in such contracts, whereas only the net unrealized appreciation (depreciation) and variation margin are reflected in the Portfolio's net assets.
Summary of abbreviations: |
ADR – American Depositary Receipt |
DAC – Designated Activity Company |
ETF – Exchange-Traded Fund |
FREMF – Freddie Mac Multifamily |
GNMA – Government National Mortgage Association |
GS – Goldman Sachs |
JPMCB – JPMorgan Chase Bank |
REMIC – Real Estate Mortgage Investment Conduit |
S.F. – Single Family |
Summary of abbreviations: (continued) |
SOFR – Secured Overnight Financing Rate |
SOFR01M – Secured Overnight Financing Rate 1 Month |
SOFR03M – Secured Overnight Financing Rate 3 Month |
USBMMY3M – US Treasury 3 Month Bill Money Market Yield |
yr – Year |
Summary of currencies: |
GBP – British Pound Sterling |
USD – US Dollar |
8 NQ- IV090 [0923] 1123 (3218045)