Schedule of investments
Delaware VIP® Trust — Delaware VIP Opportunity Series
March 31, 2021 (Unaudited)
Number of shares | Value (US $) | ||
Common Stock — 99.39% | |||
Basic Materials — 8.44% | |||
Balchem | 4,009 | $502,769 | |
Boise Cascade | 8,495 | 508,256 | |
Ferro † | 13,973 | 235,585 | |
Huntsman | 40,679 | 1,172,775 | |
Kaiser Aluminum | 8,784 | 970,632 | |
Minerals Technologies | 13,809 | 1,040,094 | |
Neenah | 16,095 | 826,961 | |
Reliance Steel & Aluminum | 9,025 | 1,374,417 | |
Worthington Industries | 16,556 | 1,110,742 | |
7,742,231 | |||
Business Services — 4.19% | |||
ABM Industries | 12,294 | 627,117 | |
Aramark | 19,878 | 750,991 | |
ASGN † | 9,542 | 910,688 | |
Casella Waste Systems Class A † | 4,919 | 312,701 | |
US Ecology † | 13,240 | 551,314 | |
WillScot Mobile Mini Holdings † | 24,956 | 692,529 | |
3,845,340 | |||
Capital Goods — 12.96% | |||
Ameresco Class A † | 6,271 | 304,959 | |
Barnes Group | 7,384 | 365,803 | |
BWX Technologies | 10,309 | 679,775 | |
Carlisle | 2,046 | 336,731 | |
Columbus McKinnon | 4,914 | 259,263 | |
ESCO Technologies | 5,194 | 565,575 | |
Federal Signal | 9,203 | 352,475 | |
Gates Industrial † | 19,765 | 316,042 | |
Generac Holdings † | 1,362 | 445,987 | |
Graco | 7,669 | 549,254 | |
Jacobs Engineering Group | 6,901 | 892,092 | |
Kadant | 3,857 | 713,583 | |
KBR | 12,589 | 483,292 | |
Lincoln Electric Holdings | 4,736 | 582,244 | |
MasTec † | 7,110 | 666,207 | |
Oshkosh | 7,358 | 873,100 | |
Quanta Services | 12,654 | 1,113,299 | |
Rexnord | 16,197 | 762,717 | |
Tetra Tech | 3,138 | 425,889 | |
United Rentals † | 726 | 239,079 | |
WESCO International † | 3,534 | 305,797 | |
Woodward | 5,438 | 655,986 | |
11,889,149 |
Number of shares | Value (US $) | ||
Common Stock (continued) | |||
Consumer Discretionary — 6.05% | |||
American Eagle Outfitters | 30,513 | $892,200 | |
At Home Group † | 14,337 | 411,472 | |
BJ's Wholesale Club Holdings † | 8,576 | 384,719 | |
Dick's Sporting Goods | 10,031 | 763,861 | |
Five Below † | 5,259 | 1,003,364 | |
Malibu Boats Class A † | 12,465 | 993,211 | |
Sonic Automotive Class A | 3,531 | 175,032 | |
Steven Madden | 24,799 | 924,011 | |
5,547,870 | |||
Consumer Services — 3.91% | |||
Allegiant Travel † | 3,171 | 773,914 | |
Brinker International † | 6,014 | 427,355 | |
Chuy's Holdings † | 8,822 | 390,991 | |
Jack in the Box | 6,109 | 670,646 | |
Texas Roadhouse † | 6,362 | 610,371 | |
Wendy's | 35,111 | 711,349 | |
3,584,626 | |||
Consumer Staples — 3.06% | |||
Casey's General Stores | 5,052 | 1,092,192 | |
Helen of Troy † | 1,921 | 404,678 | |
J & J Snack Foods | 5,201 | 816,713 | |
YETI Holdings † | 6,787 | 490,089 | |
2,803,672 | |||
Credit Cyclicals — 2.94% | |||
BorgWarner | 14,894 | 690,486 | |
KB Home | 9,682 | 450,503 | |
La-Z-Boy | 9,837 | 417,876 | |
Taylor Morrison Home † | 13,635 | 420,094 | |
Toll Brothers | 12,723 | 721,776 | |
2,700,735 | |||
Energy — 2.21% | |||
Diamondback Energy | 20,970 | 1,541,085 | |
Patterson-UTI Energy | 7,331 | 52,270 | |
PDC Energy † | 12,524 | 430,826 | |
2,024,181 | |||
Financial Services — 15.68% | |||
Axis Capital Holdings | 13,722 | 680,200 | |
Comerica | 7,249 | 520,043 | |
East West Bancorp | 16,112 | 1,189,066 | |
Essent Group | 16,251 | 771,760 | |
First Financial Bancorp | 30,456 | 730,944 | |
Great Western Bancorp | 16,604 | 502,935 | |
Hamilton Lane Class A | 4,114 | 364,336 |
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Schedule of investments
Delaware VIP® Trust — Delaware VIP Opportunity Series
Number of shares | Value (US $) | ||
Common Stock (continued) | |||
Financial Services (continued) | |||
Independent Bank Group | 8,460 | $611,150 | |
Kemper | 8,920 | 711,102 | |
NMI Holdings Class A † | 19,694 | 465,566 | |
Primerica | 5,038 | 744,717 | |
Reinsurance Group of America | 5,689 | 717,099 | |
Selective Insurance Group | 9,522 | 690,726 | |
South State | 8,869 | 696,305 | |
Sterling Bancorp | 27,492 | 632,866 | |
Stifel Financial | 14,454 | 925,923 | |
Umpqua Holdings | 41,097 | 721,252 | |
Valley National Bancorp | 47,581 | 653,763 | |
Webster Financial | 17,172 | 946,349 | |
Western Alliance Bancorp | 3,867 | 365,200 | |
WSFS Financial | 14,852 | 739,481 | |
14,380,783 | |||
Healthcare — 13.18% | |||
Agios Pharmaceuticals † | 11,185 | 577,593 | |
Amicus Therapeutics † | 41,826 | 413,241 | |
Bio-Techne | 3,255 | 1,243,182 | |
Blueprint Medicines † | 6,908 | 671,665 | |
Catalent † | 10,419 | 1,097,225 | |
ChemoCentryx † | 11,024 | 564,870 | |
Encompass Health | 10,786 | 883,373 | |
Exact Sciences † | 2,776 | 365,821 | |
Halozyme Therapeutics † | 16,372 | 682,549 | |
ICON † | 3,905 | 766,825 | |
Intercept Pharmaceuticals † | 6,982 | 161,145 | |
Ligand Pharmaceuticals † | 4,409 | 672,152 | |
Natera † | 6,482 | 658,182 | |
Neurocrine Biosciences † | 8,125 | 790,156 | |
Quidel † | 3,272 | 418,587 | |
Repligen † | 4,885 | 949,693 | |
Supernus Pharmaceuticals † | 14,855 | 388,904 | |
Ultragenyx Pharmaceutical † | 6,867 | 781,877 | |
12,087,040 | |||
Media — 1.15% | |||
Cinemark Holdings † | 19,209 | 392,056 | |
Interpublic Group of Companies | 22,798 | 665,701 | |
1,057,757 |
Number of shares | Value (US $) | ||
Common Stock (continued) | |||
Real Estate Investment Trusts — 5.88% | |||
American Assets Trust | 9,064 | $294,036 | |
Brixmor Property Group | 30,274 | 612,443 | |
Camden Property Trust | 6,272 | 689,355 | |
Cousins Properties | 19,974 | 706,081 | |
DiamondRock Hospitality † | 26,069 | 268,511 | |
First Industrial Realty Trust | 13,181 | 603,558 | |
Kite Realty Group Trust | 24,197 | 466,760 | |
Lexington Realty Trust | 35,735 | 397,016 | |
Life Storage | 5,546 | 476,679 | |
Pebblebrook Hotel Trust | 14,725 | 357,670 | |
Physicians Realty Trust | 29,807 | 526,690 | |
5,398,799 | |||
Technology — 14.92% | |||
Blackline † | 2,551 | 276,528 | |
Box Class A † | 10,160 | 233,274 | |
Brooks Automation | 8,207 | 670,102 | |
Bumble Class A † | 75 | 4,679 | |
Chegg † | 6,511 | 557,732 | |
ExlService Holdings † | 10,258 | 924,861 | |
Guidewire Software † | 4,054 | 412,008 | |
Ichor Holdings † | 4,660 | 250,708 | |
II-VI † | 11,836 | 809,227 | |
J2 Global † | 6,356 | 761,830 | |
LendingTree † | 2,358 | 502,254 | |
MACOM Technology Solutions Holdings † | 9,643 | 559,487 | |
MaxLinear † | 19,966 | 680,441 | |
Medallia † | 13,943 | 388,870 | |
NETGEAR † | 11,105 | 456,416 | |
Paycom Software † | 522 | 193,171 | |
Proofpoint † | 6,960 | 875,498 | |
PTC † | 9,028 | 1,242,704 | |
Rapid7 † | 6,621 | 493,993 | |
Semtech † | 8,023 | 553,587 | |
Silicon Laboratories † | 1,792 | 252,797 | |
Sprout Social Class A † | 3,129 | 180,731 | |
SS&C Technologies Holdings | 5,758 | 402,312 | |
Tyler Technologies † | 411 | 174,482 | |
Upwork † | 4,217 | 188,795 | |
Varonis Systems † | 4,503 | 231,184 | |
WNS Holdings ADR † | 12,147 | 879,929 | |
Yelp † | 13,612 | 530,868 | |
13,688,468 |
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Number of shares | Value (US $) | ||
Common Stock (continued) | |||
Transportation — 1.77% | |||
Knight-Swift Transportation Holdings | 22,379 | $1,076,206 | |
Werner Enterprises | 11,706 | 552,172 | |
1,628,378 | |||
Utilities — 3.05% | |||
Black Hills | 8,016 | 535,228 | |
NorthWestern | 12,649 | 824,715 | |
South Jersey Industries | 28,892 | 652,382 | |
Spire | 10,671 | 788,480 | |
2,800,805 | |||
Total Common Stock (cost $70,005,613) | 91,179,834 | ||
Short-Term Investments — 0.90% | |||
Money Market Mutual Funds — 0.90% | |||
BlackRock FedFund – Institutional Shares (seven-day effective yield 0.01%) | 205,619 | 205,619 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 0.01%) | 205,619 | 205,619 | |
GS Financial Square Government Fund – Institutional Shares (seven-day effective yield 0.03%) | 205,619 | 205,619 | |
Morgan Stanley Government Portfolio – Institutional Share Class (seven-day effective yield 0.00%) | 205,619 | 205,619 | |
Total Short-Term Investments (cost $822,476) | 822,476 | ||
Total Value of Securities—100.29% (cost $70,828,089) | 92,002,310 | ||
Liabilities Net of Receivables and Other Assets—(0.29%) | (263,033) | ||
Net Assets Applicable to 4,791,527 Shares Outstanding—100.00% | $91,739,277 |
† | Non-income producing security. |
Summary of abbreviations: |
ADR – American Depositary Receipt |
GS – Goldman Sachs |
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