Schedule of investments
Delaware VIP® Trust — Delaware VIP Special Situations Series
March 31, 2021 (Unaudited)
Number of shares | Value (US $) | ||
Common Stock — 99.26%♦ | |||
Basic Industry — 7.75% | |||
Arconic † | 53,000 | $1,345,670 | |
Ashland Global Holdings | 17,300 | 1,535,721 | |
Avient | 32,100 | 1,517,367 | |
Berry Global Group † | 72,100 | 4,426,940 | |
HB Fuller | 35,000 | 2,201,850 | |
Huntsman | 73,800 | 2,127,654 | |
Louisiana-Pacific | 91,300 | 5,063,498 | |
Summit Materials Class A † | 46,400 | 1,300,128 | |
19,518,828 | |||
Business Services — 1.86% | |||
Deluxe | 19,200 | 805,632 | |
PAE † | 70,900 | 639,518 | |
WESCO International † | 37,300 | 3,227,569 | |
4,672,719 | |||
Capital Spending — 10.49% | |||
Altra Industrial Motion | 64,800 | 3,584,736 | |
Atkore † | 52,500 | 3,774,750 | |
H&E Equipment Services | 34,100 | 1,295,800 | |
ITT | 52,600 | 4,781,866 | |
KBR | 47,332 | 1,817,075 | |
MasTec † | 69,800 | 6,540,260 | |
Primoris Services | 57,250 | 1,896,693 | |
Rexnord | 58,200 | 2,740,638 | |
26,431,818 | |||
Consumer Cyclical — 4.81% | |||
Adient † | 59,900 | 2,647,580 | |
Barnes Group | 37,100 | 1,837,934 | |
KB Home | 53,000 | 2,466,090 | |
Knoll | 56,300 | 929,513 | |
Leggett & Platt | 32,700 | 1,492,755 | |
Meritage Homes † | 24,400 | 2,242,848 | |
Standard Motor Products | 12,000 | 498,960 | |
12,115,680 | |||
Consumer Services — 10.18% | |||
Aaron's | 13,550 | 347,964 | |
Acushnet Holdings | 33,400 | 1,380,422 | |
American Eagle Outfitters | 56,600 | 1,654,984 | |
Asbury Automotive Group † | 15,400 | 3,026,100 | |
Cable One | 800 | 1,462,688 | |
Choice Hotels International † | 22,500 | 2,414,025 |
Number of shares | Value (US $) | ||
Common Stock♦ (continued) | |||
Consumer Services (continued) | |||
Cracker Barrel Old Country Store | 15,200 | $2,627,776 | |
Denny's † | 47,400 | 858,414 | |
PROG Holdings | 31,600 | 1,367,964 | |
Steven Madden | 39,700 | 1,479,222 | |
TEGNA | 116,900 | 2,201,227 | |
Texas Roadhouse † | 18,250 | 1,750,905 | |
UniFirst | 12,500 | 2,796,375 | |
Wolverine World Wide | 59,413 | 2,276,706 | |
25,644,772 | |||
Consumer Staples — 3.64% | |||
Core-Mark Holding | 37,700 | 1,458,613 | |
J & J Snack Foods | 13,100 | 2,057,093 | |
Performance Food Group † | 31,900 | 1,837,759 | |
Scotts Miracle-Gro | 6,000 | 1,469,820 | |
Spectrum Brands Holdings | 27,500 | 2,337,500 | |
9,160,785 | |||
Energy — 3.63% | |||
CNX Resources † | 175,700 | 2,582,790 | |
Delek US Holdings | 57,700 | 1,256,706 | |
Devon Energy | 116,373 | 2,542,750 | |
Dril-Quip † | 26,100 | 867,303 | |
Helix Energy Solutions Group † | 167,400 | 845,370 | |
Patterson-UTI Energy | 148,500 | 1,058,805 | |
9,153,724 | |||
Financial Services — 29.26% | |||
American Equity Investment Life Holding | 94,500 | 2,979,585 | |
Bank of NT Butterfield & Son | 44,900 | 1,716,078 | |
East West Bancorp | 116,300 | 8,582,940 | |
Essent Group | 17,400 | 826,326 | |
First Financial Bancorp | 103,100 | 2,474,400 | |
First Interstate BancSystem Class A | 37,300 | 1,717,292 | |
First Midwest Bancorp | 28,200 | 617,862 | |
FNB | 309,700 | 3,933,190 | |
Great Western Bancorp | 84,100 | 2,547,389 | |
Hancock Whitney | 107,350 | 4,509,774 | |
Hanover Insurance Group | 24,800 | 3,210,608 | |
Kemper | 22,300 | 1,777,756 | |
NBT Bancorp | 25,200 | 1,005,480 | |
Prosperity Bancshares | 28,000 | 2,096,920 |
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Schedule of investments
Delaware VIP® Trust — Delaware VIP Special Situations Series
Number of shares | Value (US $) | ||
Common Stock♦ (continued) | |||
Financial Services (continued) | |||
S&T Bancorp | 34,600 | $1,159,100 | |
Sandy Spring Bancorp | 31,900 | 1,385,417 | |
Selective Insurance Group | 46,500 | 3,373,110 | |
Sterling Bancorp | 83,000 | 1,910,660 | |
Stifel Financial | 92,950 | 5,954,377 | |
Synovus Financial | 66,300 | 3,033,225 | |
Umpqua Holdings | 202,200 | 3,548,610 | |
Valley National Bancorp | 260,900 | 3,584,766 | |
Webster Financial | 90,700 | 4,998,477 | |
WesBanco | 24,200 | 872,652 | |
Western Alliance Bancorp | 62,150 | 5,869,446 | |
73,685,440 | |||
Healthcare — 3.15% | |||
Avanos Medical † | 39,800 | 1,740,852 | |
Integer Holdings † | 25,200 | 2,320,920 | |
Integra LifeSciences Holdings † | 33,700 | 2,328,333 | |
Service Corp. International | 30,050 | 1,534,053 | |
7,924,158 | |||
Real Estate Investment Trusts — 7.53% | |||
Brandywine Realty Trust | 172,600 | 2,228,266 | |
Independence Realty Trust | 74,000 | 1,124,800 | |
Kite Realty Group Trust | 70,505 | 1,360,041 | |
Lexington Realty Trust | 186,500 | 2,072,015 | |
Life Storage | 23,750 | 2,041,313 | |
National Health Investors | 21,800 | 1,575,704 | |
Outfront Media † | 121,900 | 2,661,077 | |
RPT Realty | 107,600 | 1,227,716 | |
Spirit Realty Capital | 54,100 | 2,299,250 | |
STAG Industrial | 32,840 | 1,103,752 | |
Summit Hotel Properties † | 125,900 | 1,279,144 | |
18,973,078 | |||
Technology — 10.95% | |||
Cirrus Logic † | 27,000 | 2,289,330 | |
Coherent † | 4,613 | 1,166,581 | |
Concentrix † | 12,000 | 1,796,640 | |
Diodes † | 18,400 | 1,469,056 | |
Flex † | 195,209 | 3,574,277 | |
NCR † | 22,288 | 845,830 | |
NetScout Systems † | 47,900 | 1,348,864 | |
ON Semiconductor † | 79,000 | 3,287,190 | |
SYNNEX | 12,000 | 1,378,080 |
Number of shares | Value (US $) | ||
Common Stock♦ (continued) | |||
Technology (continued) | |||
Teradyne | 24,200 | $2,944,656 | |
Tower Semiconductor † | 85,800 | 2,405,832 | |
TTM Technologies † | 148,900 | 2,159,050 | |
Viavi Solutions † | 126,500 | 1,986,050 | |
Vishay Intertechnology | 38,100 | 917,448 | |
27,568,884 | |||
Transportation — 2.85% | |||
Kirby † | 28,800 | 1,736,064 | |
Saia † | 5,700 | 1,314,306 | |
SkyWest † | 25,350 | 1,381,068 | |
Werner Enterprises | 58,500 | 2,759,445 | |
7,190,883 | |||
Utilities — 3.16% | |||
ALLETE | 32,200 | 2,163,518 | |
Black Hills | 33,800 | 2,256,826 | |
South Jersey Industries | 64,700 | 1,460,926 | |
Southwest Gas Holdings | 30,100 | 2,068,171 | |
7,949,441 | |||
Total Common Stock (cost $189,289,540) | 249,990,210 | ||
Short-Term Investments — 0.77% | |||
Money Market Mutual Funds — 0.77% | |||
BlackRock FedFund – Institutional Shares (seven-day effective yield 0.01%) | 486,130 | 486,130 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 0.01%) | 486,132 | 486,132 | |
GS Financial Square Government Fund – Institutional Shares (seven-day effective yield 0.03%) | 486,132 | 486,132 |
2 NQ-FL5 [3/21] 5/21 (1643237)
Number of shares | Value (US $) | ||
Short-Term Investments (continued) | |||
Money Market Mutual Funds (continued) | |||
Morgan Stanley Government Portfolio – Institutional Share Class (seven-day effective yield 0.00%) | 486,132 | $486,132 | |
Total Short-Term Investments (cost $1,944,526) | 1,944,526 | ||
Total Value of Securities—100.03% (cost $191,234,066) | 251,934,736 | ||
Liabilities Net of Receivables and Other Assets—(0.03%) | (66,530) | ||
Net Assets Applicable to 7,656,396 Shares Outstanding—100.00% | $251,868,206 |
♦ | Narrow industries are utilized for compliance purposes for diversification whereas broad sectors are used for financial reporting. |
† | Non-income producing security. |
Summary of abbreviations: |
GS – Goldman Sachs |
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