Schedule of investments
Delaware VIP® Trust — Delaware VIP Total Return Series
March 31, 2021 (Unaudited)
Principal amount° | Value (US $) | ||
Convertible Bonds — 9.93% | |||
Basic Industry — 0.15% | |||
Ivanhoe Mines 144A 2.50% exercise price $7.43, maturity date 4/15/26 # | 84,000 | $86,507 | |
86,507 | |||
Capital Goods — 0.34% | |||
Chart Industries 144A 1.00% exercise price $58.72, maturity date 11/15/24 # | 77,000 | 191,489 | |
191,489 | |||
Communications — 1.51% | |||
Cable One 144A 1.125% exercise price $2,275.83, maturity date 3/15/28 # | 70,000 | 70,875 | |
DISH Network 3.375% exercise price $65.17, maturity date 8/15/26 | 163,000 | 157,099 | |
InterDigital 2.00% exercise price $81.29, maturity date 6/1/24 | 156,000 | 166,441 | |
Liberty Broadband 144A 1.25% exercise price $900.01, maturity date 9/30/50 # | 178,000 | 174,974 | |
Liberty Latin America 2.00% exercise price $20.65, maturity date 7/15/24 | 78,000 | 77,184 | |
Liberty Media 2.25% exercise price $32.97, maturity date 9/30/46 | 437,000 | 203,467 | |
850,040 | |||
Consumer Cyclical — 0.20% | |||
Ford Motor 144A 0.00% exercise price $17.49, maturity date 3/15/26 #, ^ | 112,000 | 113,680 | |
113,680 |
Principal amount° | Value (US $) | ||
Convertible Bonds (continued) | |||
Consumer Non-Cyclical — 2.41% | |||
BioMarin Pharmaceutical 0.599% exercise price $124.67, maturity date 8/1/24 | 130,000 | $131,872 | |
Chefs' Warehouse 1.875% exercise price $44.20, maturity date 12/1/24 | 182,000 | 185,796 | |
Coherus Biosciences 144A 1.50% exercise price $19.26, maturity date 4/15/26 # | 14,000 | 14,961 | |
Collegium Pharmaceutical 2.625% exercise price $29.19, maturity date 2/15/26 | 99,000 | 107,955 | |
FTI Consulting 2.00% exercise price $101.38, maturity date 8/15/23 | 123,000 | 179,949 | |
Insulet 0.375% exercise price $226.73, maturity date 9/1/26 | 46,000 | 61,357 | |
Integra LifeSciences Holdings 0.50% exercise price $73.67, maturity date 8/15/25 | 169,000 | 188,756 | |
Ionis Pharmaceuticals 0.125% exercise price $83.28, maturity date 12/15/24 | 106,000 | 101,726 | |
Jazz Investments I 144A 2.00% exercise price $155.81, maturity date 6/15/26 # | 90,000 | 115,988 | |
Neurocrine Biosciences 2.25% exercise price $75.92, maturity date 5/15/24 | 53,000 | 71,782 | |
Paratek Pharmaceuticals 4.75% exercise price $15.90, maturity date 5/1/24 | 202,000 | 182,684 |
NQ-FL7 [3/21] 5/21 (1643608) 1
Schedule of investments
Delaware VIP® Trust — Delaware VIP Total Return Series
Principal amount° | Value (US $) | ||
Convertible Bonds (continued) | |||
Consumer Non-Cyclical (continued) | |||
Repay Holdings 144A 0.00% exercise price $33.60, maturity date 2/1/26 #, ^ | 14,000 | $13,755 | |
1,356,581 | |||
Electric — 0.41% | |||
NextEra Energy Partners 144A 0.357% exercise price $76.16, maturity date 11/15/25 #, ^ | 56,000 | 60,305 | |
NRG Energy 2.75% exercise price $45.94, maturity date 6/1/48 | 145,000 | 169,626 | |
229,931 | |||
Energy — 1.07% | |||
Cheniere Energy 4.25% exercise price $138.38, maturity date 3/15/45 | 365,000 | 301,847 | |
Helix Energy Solutions Group 6.75% exercise price $6.97, maturity date 2/15/26 | 175,000 | 203,210 | |
PDC Energy 1.125% exercise price $85.39, maturity date 9/15/21 | 93,000 | 93,116 | |
598,173 | |||
Real Estate Investment Trusts — 0.60% | |||
Blackstone Mortgage Trust 4.75% exercise price $36.23, maturity date 3/15/23 | 199,000 | 205,726 | |
Summit Hotel Properties 1.50% exercise price $11.99, maturity date 2/15/26 | 118,000 | 130,611 | |
336,337 | |||
Technology — 2.91% | |||
Boingo Wireless 1.00% exercise price $42.32, maturity date 10/1/23 | 305,000 | 301,950 |
Principal amount° | Value (US $) | ||
Convertible Bonds (continued) | |||
Technology (continued) | |||
Ceridian HCM Holding 144A 0.25% exercise price $132.20, maturity date 3/15/26 # | 42,000 | $40,635 | |
CSG Systems International 4.25% exercise price $56.67, maturity date 3/15/36 | 162,000 | 170,100 | |
Knowles 3.25% exercise price $18.43, maturity date 11/1/21 | 80,000 | 94,352 | |
Microchip Technology 1.625% exercise price $94.40, maturity date 2/15/27 | 88,000 | 200,420 | |
ON Semiconductor 1.625% exercise price $20.72, maturity date 10/15/23 | 86,000 | 178,504 | |
Palo Alto Networks 0.75% exercise price $266.35, maturity date 7/1/23 | 106,000 | 140,397 | |
Pluralsight 0.375% exercise price $38.76, maturity date 3/1/24 | 69,000 | 68,138 | |
Quotient Technology 1.75% exercise price $17.36, maturity date 12/1/22 | 177,000 | 204,049 | |
Synaptics 0.50% exercise price $73.02, maturity date 6/15/22 | 64,000 | 118,080 | |
Travere Therapeutics 2.50% exercise price $38.80, maturity date 9/15/25 | 114,000 | 117,847 | |
1,634,472 |
2 NQ-FL7 [3/21] 5/21 (1643608)
Principal amount° | Value (US $) | ||
Convertible Bonds (continued) | |||
Transportation — 0.33% | |||
Seaspan 144A 3.75% exercise price $13.01, maturity date 12/15/25 # | 155,000 | $185,613 | |
185,613 | |||
Total Convertible Bonds (cost $5,022,822) | 5,582,823 | ||
Corporate Bonds — 14.10% | |||
Banking — 0.65% | |||
Morgan Stanley 5.875% 9/15/26 μ, ψ | 70,000 | 78,925 | |
Natwest Group 8.625% 8/15/21 μ, ψ | 200,000 | 205,194 | |
Popular 6.125% 9/14/23 | 75,000 | 81,273 | |
365,392 | |||
Basic Industry — 1.15% | |||
Allegheny Technologies 5.875% 12/1/27 | 40,000 | 41,475 | |
Avient 144A 5.75% 5/15/25 # | 17,000 | 18,084 | |
Boise Cascade 144A 4.875% 7/1/30 # | 33,000 | 34,629 | |
Chemours | |||
144A 5.75% 11/15/28 # | 40,000 | 42,192 | |
7.00% 5/15/25 | 10,000 | 10,295 | |
Freeport-McMoRan | |||
4.55% 11/14/24 | 25,000 | 27,378 | |
5.45% 3/15/43 | 132,000 | 159,041 | |
New Gold 144A 7.50% 7/15/27 # | 40,000 | 41,553 | |
Olin | |||
5.00% 2/1/30 | 20,000 | 20,996 | |
5.125% 9/15/27 | 60,000 | 62,175 | |
PowerTeam Services 144A 9.033% 12/4/25 # | 75,000 | 82,875 | |
Standard Industries 144A 4.375% 7/15/30 # | 40,000 | 40,421 | |
Steel Dynamics 5.00% 12/15/26 | 65,000 | 68,356 | |
649,470 |
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Capital Goods — 0.54% | |||
Bombardier | |||
144A 6.00% 10/15/22 # | 30,000 | $30,056 | |
144A 7.875% 4/15/27 # | 20,000 | 19,645 | |
Crown Americas 4.25% 9/30/26 | 75,000 | 79,828 | |
Reynolds Group Issuer 144A 4.00% 10/15/27 # | 40,000 | 39,250 | |
Terex | |||
144A 5.00% 5/15/29 # | 45,000 | 46,640 | |
144A 5.625% 2/1/25 # | 40,000 | 41,125 | |
TransDigm 144A 6.25% 3/15/26 # | 45,000 | 47,766 | |
304,310 | |||
Communications — 0.98% | |||
Consolidated Communications | |||
144A 5.00% 10/1/28 # | 20,000 | 20,206 | |
144A 6.50% 10/1/28 # | 20,000 | 21,633 | |
Frontier Communications 144A 5.875% 10/15/27 # | 40,000 | 42,475 | |
Level 3 Financing 144A 4.25% 7/1/28 # | 155,000 | 156,908 | |
Sprint 7.125% 6/15/24 | 80,000 | 92,201 | |
T-Mobile USA | |||
2.625% 4/15/26 | 20,000 | 20,413 | |
3.375% 4/15/29 | 20,000 | 20,188 | |
3.50% 4/15/31 | 15,000 | 15,131 | |
Zayo Group Holdings | |||
144A 4.00% 3/1/27 # | 60,000 | 59,028 | |
144A 6.125% 3/1/28 # | 100,000 | 102,797 | |
550,980 | |||
Consumer Cyclical — 2.27% | |||
Allison Transmission 144A 5.875% 6/1/29 # | 60,000 | 65,681 | |
Boyd Gaming 6.00% 8/15/26 | 60,000 | 62,621 | |
Caesars Entertainment 144A 6.25% 7/1/25 # | 80,000 | 85,382 |
NQ-FL7 [3/21] 5/21 (1643608) 3
Schedule of investments
Delaware VIP® Trust — Delaware VIP Total Return Series
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Consumer Cyclical (continued) | |||
Carnival | |||
144A 5.75% 3/1/27 # | 20,000 | $20,550 | |
144A 7.625% 3/1/26 # | 60,000 | 64,533 | |
Ford Motor 9.00% 4/22/25 | 35,000 | 42,434 | |
Hilton Domestic Operating 144A 4.00% 5/1/31 # | 55,000 | 55,103 | |
Hilton Worldwide Finance 4.875% 4/1/27 | 70,000 | 73,194 | |
Jaguar Land Rover Automotive 144A 5.875% 1/15/28 # | 200,000 | 203,375 | |
L Brands | |||
6.875% 11/1/35 | 40,000 | 47,732 | |
6.95% 3/1/33 | 29,000 | 32,407 | |
Levi Strauss & Co. 144A 3.50% 3/1/31 # | 37,000 | 35,751 | |
MGM Growth Properties Operating Partnership 144A 3.875% 2/15/29 # | 40,000 | 39,920 | |
MGM Resorts International 4.75% 10/15/28 | 15,000 | 15,521 | |
Murphy Oil USA | |||
144A 3.75% 2/15/31 # | 40,000 | 39,392 | |
4.75% 9/15/29 | 183,000 | 192,574 | |
Royal Caribbean Cruises 144A 5.50% 4/1/28 # | 45,000 | 45,281 | |
Scientific Games International 144A 8.25% 3/15/26 # | 24,000 | 25,781 | |
Six Flags Entertainment 144A 4.875% 7/31/24 # | 25,000 | 25,281 | |
Wyndham Hotels & Resorts 144A 4.375% 8/15/28 # | 101,000 | 102,351 | |
1,274,864 | |||
Consumer Non-Cyclical — 0.70% | |||
JBS USA LUX 144A 6.50% 4/15/29 # | 53,000 | 59,972 | |
Kraft Heinz Foods | |||
3.875% 5/15/27 | 40,000 | 43,598 | |
5.20% 7/15/45 | 75,000 | 86,929 | |
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Consumer Non-Cyclical (continued) | |||
Pilgrim's Pride 144A 5.875% 9/30/27 # | 59,000 | $63,304 | |
Post Holdings 144A 5.50% 12/15/29 # | 98,000 | 105,063 | |
Primo Water Holdings 144A 5.50% 4/1/25 # | 34,000 | 34,988 | |
393,854 | |||
Energy — 1.81% | |||
Apache | |||
4.75% 4/15/43 | 25,000 | 23,225 | |
4.875% 11/15/27 | 20,000 | 20,530 | |
Ascent Resources Utica Holdings 144A 7.00% 11/1/26 # | 40,000 | 40,050 | |
Cheniere Corpus Christi Holdings 5.875% 3/31/25 | 20,000 | 22,810 | |
CNX Resources | |||
144A 6.00% 1/15/29 # | 40,000 | 41,642 | |
144A 7.25% 3/14/27 # | 20,000 | 21,507 | |
Crestwood Midstream Partners | |||
144A 5.625% 5/1/27 # | 30,000 | 29,531 | |
144A 6.00% 2/1/29 # | 5,000 | 4,934 | |
DCP Midstream Operating 5.125% 5/15/29 | 60,000 | 63,908 | |
EQM Midstream Partners | |||
144A 4.75% 1/15/31 # | 25,000 | 24,281 | |
144A 6.50% 7/1/27 # | 45,000 | 48,990 | |
Genesis Energy | |||
7.75% 2/1/28 | 65,000 | 65,101 | |
8.00% 1/15/27 | 40,000 | 40,576 | |
Murphy Oil | |||
5.875% 12/1/27 | 26,000 | 25,504 | |
6.375% 7/15/28 | 70,000 | 70,182 | |
NuStar Logistics 5.625% 4/28/27 | 30,000 | 31,439 |
4 NQ-FL7 [3/21] 5/21 (1643608)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Energy (continued) | |||
Occidental Petroleum | |||
3.00% 2/15/27 | 20,000 | $18,857 | |
3.40% 4/15/26 | 20,000 | 19,445 | |
3.50% 8/15/29 | 20,000 | 18,791 | |
6.125% 1/1/31 | 35,000 | 38,713 | |
6.45% 9/15/36 | 20,000 | 22,105 | |
6.625% 9/1/30 | 35,000 | 39,386 | |
PDC Energy 5.75% 5/15/26 | 48,000 | 49,848 | |
Southwestern Energy 7.75% 10/1/27 | 38,000 | 40,684 | |
Targa Resources Partners 5.375% 2/1/27 | 30,000 | 31,181 | |
TechnipFMC 144A 6.50% 2/1/26 # | 75,000 | 78,529 | |
Western Midstream Operating 4.75% 8/15/28 | 80,000 | 83,800 | |
1,015,549 | |||
Financials — 1.45% | |||
AerCap Global Aviation Trust 144A 6.50% 6/15/45 #, μ | 200,000 | 208,750 | |
Ally Financial | |||
5.75% 11/20/25 | 100,000 | 113,677 | |
8.00% 11/1/31 | 210,000 | 292,801 | |
INEOS Quattro Finance 2 144A 3.375% 1/15/26 # | 200,000 | 200,250 | |
815,478 | |||
Healthcare — 1.19% | |||
Bausch Health 144A 5.50% 11/1/25 # | 80,000 | 82,270 | |
Centene | |||
3.375% 2/15/30 | 45,000 | 45,492 | |
4.625% 12/15/29 | 30,000 | 32,508 | |
144A 5.375% 8/15/26 # | 60,000 | 63,444 | |
CHS | |||
144A 4.75% 2/15/31 # | 15,000 | 14,672 | |
144A 6.625% 2/15/25 # | 25,000 | 26,438 | |
DaVita 144A 4.625% 6/1/30 # | 35,000 | 35,704 | |
Encompass Health 4.75% 2/1/30 | 30,000 | 30,912 | |
Hadrian Merger Sub 144A 8.50% 5/1/26 # | 45,000 | 46,848 |
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Healthcare (continued) | |||
HCA | |||
5.375% 2/1/25 | 70,000 | $78,190 | |
5.875% 2/15/26 | 40,000 | 45,900 | |
Hill-Rom Holdings 144A 4.375% 9/15/27 # | 30,000 | 30,975 | |
Ortho-Clinical Diagnostics | |||
144A 7.25% 2/1/28 # | 21,000 | 23,048 | |
144A 7.375% 6/1/25 # | 24,000 | 25,847 | |
Service Corp. International 4.625% 12/15/27 | 36,000 | 38,003 | |
Tenet Healthcare 144A 6.125% 10/1/28 # | 45,000 | 47,025 | |
667,276 | |||
Insurance — 0.22% | |||
HUB International 144A 7.00% 5/1/26 # | 60,000 | 62,365 | |
USI 144A 6.875% 5/1/25 # | 60,000 | 61,237 | |
123,602 | |||
Media — 1.56% | |||
AMC Networks 4.25% 2/15/29 | 70,000 | 68,163 | |
CCO Holdings | |||
144A 4.50% 5/1/32 # | 100,000 | 101,375 | |
144A 5.375% 6/1/29 # | 30,000 | 32,209 | |
144A 5.875% 5/1/27 # | 95,000 | 98,135 | |
CSC Holdings 144A 5.75% 1/15/30 # | 200,000 | 210,900 | |
Cumulus Media New Holdings 144A 6.75% 7/1/26 # | 41,000 | 41,839 | |
Gray Television 144A 7.00% 5/15/27 # | 55,000 | 59,881 | |
Netflix 5.875% 11/15/28 | 80,000 | 96,865 | |
Sinclair Television Group 144A 5.125% 2/15/27 # | 45,000 | 44,016 | |
Sirius XM Radio 144A 5.50% 7/1/29 # | 75,000 | 81,234 | |
Terrier Media Buyer 144A 8.875% 12/15/27 # | 40,000 | 43,117 | |
877,734 |
NQ-FL7 [3/21] 5/21 (1643608) 5
Schedule of investments
Delaware VIP® Trust — Delaware VIP Total Return Series
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Real Estate Investment Trusts — 0.01% | |||
Global Net Lease 144A 3.75% 12/15/27 # | 8,000 | $7,807 | |
7,807 | |||
Services — 0.65% | |||
Aramark Services 144A 5.00% 2/1/28 # | 65,000 | 67,535 | |
GFL Environmental 144A 3.75% 8/1/25 # | 15,000 | 15,253 | |
H&E Equipment Services 144A 3.875% 12/15/28 # | 25,000 | 24,344 | |
Iron Mountain 144A 5.25% 3/15/28 # | 60,000 | 62,437 | |
Legends Hospitality Holding 144A 5.00% 2/1/26 # | 30,000 | 30,563 | |
Prime Security Services Borrower 144A 5.75% 4/15/26 # | 70,000 | 75,831 | |
United Rentals North America 3.875% 2/15/31 | 61,000 | 61,419 | |
Univar Solutions USA 144A 5.125% 12/1/27 # | 25,000 | 26,058 | |
363,440 | |||
Technology & Electronics — 0.28% | |||
CommScope Technologies 144A 5.00% 3/15/27 # | 25,000 | 24,813 | |
Go Daddy Operating 144A 3.50% 3/1/29 # | 45,000 | 44,297 | |
SS&C Technologies 144A 5.50% 9/30/27 # | 85,000 | 90,635 | |
159,745 | |||
Transportation — 0.32% | |||
Delta Air Lines 7.375% 1/15/26 | 97,000 | 113,536 | |
Mileage Plus Holdings 144A 6.50% 6/20/27 # | 40,000 | 43,900 | |
VistaJet Malta Finance 144A 10.50% 6/1/24 # | 20,000 | 21,850 | |
179,286 |
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Utilities — 0.32% | |||
Calpine | |||
144A 4.50% 2/15/28 # | 16,000 | $16,158 | |
144A 5.00% 2/1/31 # | 40,000 | 39,100 | |
144A 5.25% 6/1/26 # | 37,000 | 38,101 | |
Edison International 5.375% 3/15/26 μ, ψ | 40,000 | 40,652 | |
PG&E 5.25% 7/1/30 | 45,000 | 47,756 | |
181,767 | |||
Total Corporate Bonds (cost $7,868,102) | 7,930,554 | ||
US Treasury Obligations — 6.67% | |||
US Treasury Bonds | |||
1.125% 5/15/40 | 85,000 | 69,385 | |
1.375% 8/15/50 | 5,000 | 3,903 | |
1.875% 2/15/41 | 10,000 | 9,314 | |
1.875% 2/15/51 | 10,000 | 8,877 | |
2.00% 2/15/50 | 45,000 | 41,169 | |
2.25% 8/15/49 | 85,000 | 82,226 | |
2.75% 8/15/47 | 55,000 | 58,806 | |
2.875% 5/15/43 | 50,000 | 54,719 | |
2.875% 11/15/46 | 55,000 | 60,115 | |
3.00% 5/15/42 | 30,000 | 33,517 | |
3.00% 11/15/45 | 50,000 | 55,834 | |
3.00% 8/15/48 | 30,000 | 33,677 | |
3.375% 5/15/44 | 55,000 | 65,134 | |
3.375% 11/15/48 | 65,000 | 78,093 | |
4.375% 2/15/38 | 5,000 | 6,617 | |
4.50% 2/15/36 | 5,000 | 6,617 | |
4.50% 5/15/38 | 5,000 | 6,714 | |
4.50% 8/15/39 | 30,000 | 40,647 | |
4.75% 2/15/41 | 10,000 | 14,083 | |
5.00% 5/15/37 | 10,000 | 14,045 | |
US Treasury Floating Rate Notes 0.069% (USBMMY3M + 0.049%) 1/31/23 • | 1,250,000 | 1,250,681 | |
US Treasury Notes | |||
0.125% 1/31/23 | 25,000 | 24,989 | |
0.125% 3/31/23 | 10,000 | 9,994 | |
0.375% 1/31/26 | 85,000 | 82,902 | |
1.125% 2/15/31 | 85,000 | 80,318 | |
2.25% 10/31/24 | 370,000 | 392,663 | |
2.25% 11/15/27 | 235,000 | 248,820 | |
2.625% 1/31/26 | 250,000 | 270,698 | |
2.625% 2/15/29 | 120,000 | 129,827 |
6 NQ-FL7 [3/21] 5/21 (1643608)
Principal amount° | Value (US $) | ||
US Treasury Obligations (continued) | |||
US Treasury Notes | |||
2.75% 2/15/28 | 125,000 | $136,372 | |
2.875% 5/31/25 | 340,000 | 370,500 | |
5.375% 2/15/31 | 5,000 | 6,691 | |
Total US Treasury Obligations (cost $3,965,081) | 3,747,947 |
Number of shares | |||
Common Stock — 57.20% | |||
Communication Services — 4.34% | |||
Alphabet Class A † | 13 | 26,813 | |
Alphabet Class C † | 37 | 76,539 | |
AT&T | 2,920 | 88,389 | |
Comcast Class A | 8,183 | 442,782 | |
Facebook Class A † | 340 | 100,140 | |
KDDI | 5,900 | 180,903 | |
Orange | 11,300 | 139,207 | |
Publicis Groupe | 3,100 | 189,185 | |
Take-Two Interactive Software † | 580 | 102,486 | |
Verizon Communications | 10,580 | 615,227 | |
ViacomCBS Class B | 610 | 27,511 | |
Walt Disney † | 2,442 | 450,598 | |
2,439,780 | |||
Consumer Discretionary — 6.08% | |||
adidas AG † | 480 | 149,843 | |
Amazon.com † | 115 | 355,819 | |
Best Buy | 1,040 | 119,402 | |
Buckle | 3,040 | 119,411 | |
Dollar Tree † | 4,200 | 480,732 | |
eBay | 2,120 | 129,829 | |
H & M Hennes & Mauritz Class B † | 5,060 | 113,993 | |
Home Depot | 750 | 228,938 | |
Lowe's | 3,420 | 650,416 | |
MercadoLibre † | 15 | 22,082 | |
Newell Brands | 3,390 | 90,784 | |
Next † | 500 | 54,220 | |
Ross Stores | 600 | 71,946 | |
Sodexo † | 1,730 | 165,913 | |
Sturm Ruger & Co. | 1,390 | 91,837 | |
Swatch Group | 725 | 208,568 | |
TJX | 1,820 | 120,393 | |
Tractor Supply | 740 | 131,039 | |
Whirlpool | 520 | 114,582 | |
3,419,747 | |||
Consumer Staples — 6.58% | |||
Altria Group | 2,420 | 123,807 |
Number of shares | Value (US $) | ||
Common Stock (continued) | |||
Consumer Staples (continued) | |||
Archer-Daniels-Midland | 7,700 | $438,900 | |
Asahi Group Holdings | 3,000 | 126,394 | |
Clorox | 520 | 100,298 | |
Colgate-Palmolive | 710 | 55,969 | |
Conagra Brands | 12,500 | 470,000 | |
Danone | 3,895 | 267,208 | |
Diageo | 7,430 | 306,214 | |
Essity Class B | 3,630 | 114,676 | |
Kao | 2,300 | 151,907 | |
Kellogg | 1,170 | 74,061 | |
Kimberly-Clark | 630 | 87,602 | |
Kirin Holdings | 2,500 | 47,878 | |
Koninklijke Ahold Delhaize | 6,690 | 186,327 | |
Kroger | 830 | 29,872 | |
Lawson | 1,700 | 83,369 | |
Mondelez International Class A | 8,100 | 474,093 | |
Nestle | 2,270 | 252,999 | |
Philip Morris International | 1,400 | 124,236 | |
Seven & i Holdings | 4,500 | 181,382 | |
3,697,192 | |||
Energy — 1.10% | |||
ConocoPhillips | 7,749 | 410,465 | |
Kinder Morgan | 5,810 | 96,736 | |
Williams | 4,660 | 110,395 | |
617,596 | |||
Financials — 5.92% | |||
AGNC Investment | 5,140 | 86,146 | |
American International Group | 9,400 | 434,374 | |
Ameriprise Financial | 530 | 123,198 | |
Artisan Partners Asset Management Class A | 1,850 | 96,515 | |
BlackRock | 170 | 128,173 | |
Discover Financial Services | 4,600 | 436,954 | |
Huntington Bancshares | 4,160 | 65,395 | |
Invesco | 4,600 | 116,012 | |
MetLife | 9,287 | 564,557 | |
Morgan Stanley | 610 | 47,373 | |
Principal Financial Group | 1,860 | 111,526 | |
Prudential Financial | 1,220 | 111,142 | |
S&P Global | 300 | 105,861 | |
Truist Financial | 7,500 | 437,400 | |
US Bancorp | 8,400 | 464,604 | |
3,329,230 | |||
Healthcare — 9.04% | |||
AbbVie | 1,380 | 149,344 | |
AmerisourceBergen | 1,010 | 119,251 |
NQ-FL7 [3/21] 5/21 (1643608) 7
Schedule of investments
Delaware VIP® Trust — Delaware VIP Total Return Series
Number of shares | Value (US $) | ||
Common Stock (continued) | |||
Healthcare (continued) | |||
Amgen | 540 | $134,357 | |
Cardinal Health | 8,100 | 492,075 | |
Cigna | 1,900 | 459,306 | |
CVS Health | 6,300 | 473,949 | |
Eli Lilly and Co. | 480 | 89,674 | |
Fresenius Medical Care AG & Co. | 3,360 | 247,134 | |
Humana | 260 | 109,005 | |
Johnson & Johnson | 4,330 | 711,635 | |
Merck & Co. | 7,910 | 609,782 | |
Molina Healthcare † | 490 | 114,542 | |
Novo Nordisk Class B | 3,660 | 247,962 | |
Pfizer | 4,095 | 148,362 | |
Roche Holding | 685 | 221,376 | |
Smith & Nephew | 5,000 | 94,985 | |
UnitedHealth Group | 560 | 208,359 | |
Viatris † | 32,411 | 452,782 | |
5,083,880 | |||
Industrials — 4.36% | |||
Caterpillar | 2,003 | 464,436 | |
Honeywell International | 2,186 | 474,515 | |
Lockheed Martin | 310 | 114,545 | |
Northrop Grumman | 1,500 | 485,460 | |
Raytheon Technologies | 5,839 | 451,179 | |
Secom | 1,300 | 109,342 | |
Securitas Class B | 12,970 | 220,537 | |
United Parcel Service Class B | 770 | 130,892 | |
2,450,906 | |||
Information Technology — 11.41% | |||
Adobe † | 310 | 147,365 | |
Amadeus IT Group † | 1,540 | 109,044 | |
Apple | 4,890 | 597,313 | |
Broadcom | 1,370 | 635,214 | |
Cisco Systems | 11,390 | 588,977 | |
Cognizant Technology Solutions Class A | 6,078 | 474,813 | |
Dropbox Class A † | 4,050 | 107,973 | |
Enphase Energy † | 700 | 113,512 | |
eXp World Holdings † | 1,270 | 57,849 | |
Fidelity National Information Services | 3,064 | 430,829 | |
HP | 3,990 | 126,682 | |
International Business Machines | 1,020 | 135,925 | |
Lam Research | 245 | 145,834 | |
Maxim Integrated Products | 1,300 | 118,781 | |
Microsoft | 2,495 | 588,246 | |
Monolithic Power Systems | 290 | 102,431 |
Number of shares | Value (US $) | ||
Common Stock (continued) | |||
Information Technology (continued) | |||
Motorola Solutions | 2,500 | $470,125 | |
NetApp | 1,810 | 131,533 | |
NVIDIA | 365 | 194,884 | |
Oracle | 6,300 | 442,071 | |
Paychex | 980 | 96,060 | |
Paycom Software † | 260 | 96,216 | |
QUALCOMM | 1,000 | 132,590 | |
SAP | 1,290 | 157,965 | |
Western Union | 4,140 | 102,092 | |
Xilinx | 880 | 109,032 | |
6,413,356 | |||
Materials — 1.44% | |||
Air Liquide | 1,430 | 233,601 | |
Dow | 1,890 | 120,846 | |
DuPont de Nemours | 5,900 | 455,952 | |
810,399 | |||
REIT Diversified — 0.11% | |||
Alpine Income Property Trust | 119 | 2,066 | |
Colony Capital † | 3,663 | 23,736 | |
Lexington Realty Trust | 3,122 | 34,685 | |
60,487 | |||
REIT Healthcare — 0.82% | |||
Alexandria Real Estate Equities | 400 | 65,720 | |
CareTrust REIT | 870 | 20,258 | |
Healthcare Realty Trust | 3 | 91 | |
Healthcare Trust of America Class A | 1,363 | 37,591 | |
Healthpeak Properties | 1,055 | 33,486 | |
Medical Properties Trust | 4,967 | 105,698 | |
National Health Investors | 270 | 19,516 | |
Omega Healthcare Investors | 2,380 | 87,179 | |
Ventas | 639 | 34,084 | |
Welltower | 785 | 56,230 | |
459,853 | |||
REIT Hotel — 0.29% | |||
Chatham Lodging Trust † | 1,185 | 15,594 | |
Gaming and Leisure Properties | 541 | 22,955 | |
Host Hotels & Resorts † | 921 | 15,519 | |
VICI Properties | 3,892 | 109,910 | |
163,978 | |||
REIT Industrial — 0.57% | |||
Americold Realty Trust | 689 | 26,506 | |
Duke Realty | 1,457 | 61,092 | |
Prologis | 2,057 | 218,042 |
8 NQ-FL7 [3/21] 5/21 (1643608)
Number of shares | Value (US $) | ||
Common Stock (continued) | |||
REIT Industrial (continued) | |||
Terreno Realty | 287 | $16,580 | |
322,220 | |||
REIT Information Technology — 0.59% | |||
CyrusOne | 358 | 24,244 | |
Digital Realty Trust | 726 | 102,250 | |
Equinix | 239 | 162,422 | |
QTS Realty Trust Class A | 674 | 41,815 | |
330,731 | |||
REIT Mall — 0.35% | |||
Simon Property Group | 1,722 | 195,912 | |
195,912 | |||
REIT Manufactured Housing — 0.15% | |||
Equity LifeStyle Properties | 551 | 35,066 | |
Sun Communities | 330 | 49,513 | |
84,579 | |||
REIT Multifamily — 1.30% | |||
American Homes 4 Rent Class A | 689 | 22,971 | |
Apartment Income REIT | 303 | 12,956 | |
Apartment Investment and Management Class A | 303 | 1,861 | |
AvalonBay Communities | 330 | 60,888 | |
Camden Property Trust | 251 | 27,587 | |
Equity Residential | 7,142 | 511,582 | |
Essex Property Trust | 222 | 60,349 | |
UDR | 779 | 34,167 | |
732,361 | |||
REIT Office — 0.28% | |||
Boston Properties | 514 | 52,048 | |
Cousins Properties | 864 | 30,543 | |
Douglas Emmett | 331 | 10,393 | |
Highwoods Properties | 900 | 38,646 | |
Postal Realty Trust Class A | 1,228 | 21,097 | |
SL Green Realty | 95 | 6,649 | |
159,376 | |||
REIT Self-Storage — 0.41% | |||
CubeSmart | 349 | 13,203 | |
Extra Space Storage | 536 | 71,047 | |
Life Storage | 349 | 29,996 | |
National Storage Affiliates Trust | 674 | 26,913 | |
Public Storage | 361 | 89,080 | |
230,239 | |||
REIT Shopping Center — 0.44% | |||
Agree Realty | 377 | 25,376 | |
Brixmor Property Group | 1,972 | 39,893 |
Number of shares | Value (US $) | ||
Common Stock (continued) | |||
REIT Shopping Center (continued) | |||
Federal Realty Investment Trust | 159 | $16,130 | |
Kimco Realty | 1,059 | 19,856 | |
Regency Centers | 632 | 35,841 | |
Retail Opportunity Investments | 1,239 | 19,663 | |
SITE Centers | 2,435 | 33,019 | |
Urban Edge Properties | 1,561 | 25,788 | |
Weingarten Realty Investors | 1,175 | 31,619 | |
247,185 | |||
REIT Single Tenant — 0.29% | |||
Four Corners Property Trust | 586 | 16,056 | |
National Retail Properties | 614 | 27,059 | |
Realty Income | 1,114 | 70,739 | |
Spirit Realty Capital | 476 | 20,230 | |
STORE Capital | 957 | 32,060 | |
166,144 | |||
REIT Specialty — 0.42% | |||
Invitation Homes | 2,371 | 75,848 | |
Iron Mountain | 3,110 | 115,101 | |
Outfront Media † | 1,153 | 25,170 | |
WP Carey | 287 | 20,308 | |
236,427 | |||
Utilities — 0.91% | |||
Edison International | 7,800 | 457,080 | |
PPL | 1,880 | 54,219 | |
511,299 | |||
Total Common Stock (cost $28,555,436) | 32,162,877 | ||
Convertible Preferred Stock — 2.36% | |||
2020 Mandatory Exchangeable Trust 144A 6.50% exercise price $47.09, maturity date 5/16/23 # | 102 | 195,962 | |
AMG Capital Trust II 5.15% exercise price $195.47, maturity date 10/15/37 | 2,034 | 113,268 | |
Bank of America 7.25% exercise price $50.00 ** | 78 | 109,044 | |
El Paso Energy Capital Trust I 4.75% exercise price $34.49, maturity date 3/31/28 | 4,969 | 249,096 |
NQ-FL7 [3/21] 5/21 (1643608) 9
Schedule of investments
Delaware VIP® Trust — Delaware VIP Total Return Series
Number of shares | Value (US $) | ||
Convertible Preferred Stock (continued) | |||
Elanco Animal Health 5.00% exercise price $38.40, maturity date 2/1/23 | 3,402 | $156,084 | |
Essential Utilities 6.00% exercise price $42.29, maturity date 4/30/22 | 2,550 | 145,835 | |
Lyondellbasell Advanced Polymers 6.00% exercise price $52.33 ** | 243 | 257,702 | |
QTS Realty Trust 6.50% exercise price $46.72 ** | 700 | 98,357 | |
Total Convertible Preferred Stock (cost $1,191,239) | 1,325,348 | ||
Exchange-Traded Funds — 8.64% | |||
iShares Core MSCI Emerging Markets ETF | 27,430 | 1,765,395 | |
iShares MSCI EAFE ETF | 10 | 759 | |
iShares Russell 1000 Growth ETF | 10,040 | 2,440,122 | |
iShares Trust iShares ESG Aware MSCI EAFE ETF | 480 | 36,432 | |
Vanguard FTSE Developed Markets ETF | 20 | 982 | |
Vanguard Mega Cap Growth ETF | 2,960 | 612,927 | |
Total Exchange-Traded Funds (cost $4,342,213) | 4,856,617 | ||
Short-Term Investments — 1.17% | |||
Money Market Mutual Funds — 1.17% | |||
BlackRock FedFund – Institutional Shares (seven-day effective yield 0.01%) | 164,163 | 164,163 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 0.01%) | 164,163 | 164,163 | |
GS Financial Square Government Fund – Institutional Shares (seven-day effective yield 0.03%) | 164,163 | 164,163 |
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%) | 164,163 | $164,163 | |
Total Short-Term Investments (cost $656,652) | 656,652 | ||
Total Value of Securities—100.07% (cost $51,601,545) | 56,262,818 | ||
Liabilities Net of Receivables and Other Assets—(0.07)% | (37,700) | ||
Net Assets Applicable to 4,272,605 Shares Outstanding—100.00% | $56,225,118 |
° | Principal amount shown is stated in USD unless noted that the security is denominated in another currency. |
# | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At March 31, 2021, the aggregate value of Rule 144A securities was $5,783,460, which represents 10.29% of the Series' net assets. |
^ | Zero-coupon security. The rate shown is the effective yield at the time of purchase. |
μ | Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at March 31, 2021. Rate will reset at a future date. |
ψ | Perpetual security. Maturity date represents next call date. |
• | Variable rate investment. Rates reset periodically. Rate shown reflects the rate in effect at March 31, 2021. 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. LIBOR03M, LIBOR06M, 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. |
† | Non-income producing security. |
** | Perpetual security with no stated maturity date. |
10 NQ-FL7 [3/21] 5/21 (1643608)
The following foreign currency exchange contracts and futures contracts were outstanding at March 31, 2021:
Foreign Currency Exchange Contracts | ||||||||||||
Counterparty | Currency to Receive (Deliver) | In Exchange For | Settlement Date | Unrealized Appreciation | Unrealized Depreciation | |||||||
BNYM | CHF | 1,519 | USD | (1,615) | 4/1/21 | $— | $(7) | |||||
BNYM | DKK | (15,630) | USD | 2,459 | 4/6/21 | — | (5) | |||||
BNYM | GBP | 12,995 | USD | (17,853) | 4/1/21 | 63 | — | |||||
BNYM | GBP | 21,650 | USD | (29,908) | 4/6/21 | — | (60) | |||||
BNYM | JPY | (64,350) | USD | 583 | 4/1/21 | 2 | — | |||||
BNYM | SEK | (17,151) | USD | 1,964 | 4/6/21 | — | — | |||||
Total Foreign Currency Exchange Contracts | $65 | $(72) |
Futures Contracts Exchange-Traded | |||||||||||
Contracts to Buy (Sell) | Notional Amount | Notional Cost (Proceeds) | Expiration Date | Value/ Unrealized Depreciation | Variation Margin Due from (Due to) Brokers | ||||||
3 | US Treasury 2 yr Notes | $662,180 | $662,843 | 6/30/21 | $(663) | $(141) | |||||
2 | US Treasury 3 yr Notes | 463,765 | 465,614 | 6/30/21 | (1,849) | (203) | |||||
Total Futures Contracts | $1,128,457 | $(2,512) | $(344) |
The use of foreign currency exchange contracts and futures contracts involves elements of market risk and risks in excess of the amounts disclosed in these financial statements. The foreign currency exchange contracts and notional amounts presented above represent the Series' total exposure in such contracts, whereas only the net unrealized appreciation (depreciation) and variation margin are reflected in the Series' net assets.
Summary of abbreviations: |
AG – Aktiengesellschaft |
BNYM – Bank of New York Mellon |
EAFE – Europe, Australasia, and Far East |
ESG – Environmental, Social, and Governance |
ETF – Exchange-Traded Fund |
FTSE – Financial Times Stock Exchange |
GS – Goldman Sachs |
ICE – Intercontinental Exchange, Inc. |
LIBOR – London interbank offered rate |
LIBOR03M – ICE LIBOR USD 3 Month |
LIBOR06M – ICE LIBOR USD 6 Month |
MSCI – Morgan Stanley Capital International |
Summary of abbreviations: (continued) |
REIT – Real Estate Investment Trust |
S&P – Standard & Poor’s Financial Services LLC |
USBMMY3M – US Treasury 3 Month Bill Money Market Yield |
yr – Year |
Summary of currencies: |
CHF – Swiss Franc |
DKK – Danish Krone |
GBP – British Pound Sterling |
JPY – Japanese Yen |
SEK – Swedish Krona |
USD – US Dollar |
NQ-FL7 [3/21] 5/21 (1643608) 11