Schedule of investments
Delaware VIP® Trust — Delaware VIP Emerging Markets Series
September 30, 2021 (Unaudited)
Number of shares | Value (US $) | ||
Common Stock – 90.95%Δ | |||
Argentina − 0.61% | |||
Cablevision Holding GDR | 262,838 | $ 492,815 | |
Cresud ADR † | 326,731 | 1,584,645 | |
Grupo Clarin GDR Class B 144A #, † | 77,680 | 60,020 | |
IRSA Inversiones y Representaciones ADR † | 489,445 | 2,001,830 | |
IRSA Propiedades Comerciales ADR | 81,948 | 241,747 | |
4,381,057 | |||
Bahrain − 0.12% | |||
Aluminium Bahrain GDR 144A #, † | 91,200 | 846,683 | |
846,683 | |||
Brazil − 4.38% | |||
AES Brasil Energia | 310,668 | 703,970 | |
Americanas † | 1,521,448 | 8,621,748 | |
Arcos Dorados Holdings Class A † | 280,478 | 1,436,047 | |
Banco Bradesco ADR | 805,965 | 3,086,846 | |
Banco Santander Brasil ADR | 53,466 | 349,667 | |
BRF ADR † | 788,900 | 3,960,278 | |
Itau Unibanco Holding ADR | 1,049,325 | 5,529,943 | |
Rumo † | 217,473 | 672,097 | |
Telefonica Brasil ADR | 272,891 | 2,117,634 | |
TIM ADR | 155,003 | 1,664,732 | |
Vale | 149,527 | 2,082,656 | |
Vale ADR | 97,965 | 1,366,612 | |
31,592,230 | |||
Chile − 0.74% | |||
Sociedad Quimica y Minera de Chile ADR | 100,000 | 5,372,000 | |
5,372,000 | |||
China/Hong Kong − 27.14% | |||
Alibaba Group Holding † | 139,600 | 2,584,546 | |
Alibaba Group Holding ADR † | 137,900 | 20,416,095 | |
Anhui Conch Cement Class H | 619,500 | 3,346,201 | |
Baidu ADR † | 49,719 | 7,644,296 | |
BeiGene † | 167,800 | 4,791,489 | |
China Petroleum & Chemical ADR | 31,177 | 1,532,973 | |
DiDi Global ADR † | 81,500 | 634,885 | |
iQIYI ADR † | 59,542 | 478,122 | |
JD.com ADR † | 350,000 | 25,284,000 | |
Joinn Laboratories China Class H # | 6,860 | 93,393 | |
Kunlun Energy | 3,360,900 | 3,499,473 | |
Kweichow Moutai Class A | 111,913 | 31,588,404 |
Number of shares | Value (US $) | ||
Common StockΔ (continued) | |||
China/Hong Kong (continued) | |||
New Oriental Education & Technology Group ADR † | 161,900 | $ 331,895 | |
Ping An Insurance Group Co. of China Class H | 324,000 | 2,215,958 | |
Sohu.com ADR † | 429,954 | 8,960,241 | |
TAL Education Group ADR † | 50,701 | 245,393 | |
Tencent Holdings | 720,000 | 42,983,106 | |
Tencent Music Entertainment Group ADR † | 159 | 1,153 | |
Tianjin Development Holdings | 35,950 | 8,242 | |
Tingyi Cayman Islands Holding | 1,582,000 | 2,941,434 | |
Trip.com Group ADR † | 120,588 | 3,708,081 | |
Tsingtao Brewery Class H | 797,429 | 6,272,714 | |
Uni-President China Holdings | 2,800,000 | 2,657,751 | |
Weibo ADR † | 40,000 | 1,899,600 | |
Wuliangye Yibin Class A | 630,892 | 21,352,776 | |
Zhihu ADR † | 15,600 | 143,988 | |
195,616,209 | |||
India − 10.67% | |||
HCL Technologies | 210,900 | 3,617,241 | |
Indiabulls Real Estate GDR =, † | 44,628 | 90,155 | |
Infosys | 239,200 | 5,362,919 | |
Natco Pharma | 185,519 | 2,220,957 | |
Reliance Industries | 859,880 | 29,102,476 | |
Reliance Industries GDR # | 452,657 | 30,825,942 | |
Sify Technologies ADR † | 91,200 | 308,256 | |
Tata Consultancy Services | 105,600 | 5,351,624 | |
76,879,570 | |||
Indonesia − 0.32% | |||
Astra International | 6,029,400 | 2,302,072 | |
2,302,072 | |||
Japan − 0.55% | |||
Renesas Electronics † | 324,700 | 3,996,200 | |
3,996,200 | |||
Malaysia − 0.06% | |||
UEM Sunrise † | 4,748,132 | 419,637 | |
419,637 | |||
Mexico − 3.77% | |||
America Movil ADR Class L | 162,815 | 2,876,941 | |
Banco Santander Mexico ADR | 276,900 | 1,586,637 | |
Becle | 1,571,000 | 3,391,408 | |
Cemex ADR † | 469,537 | 3,366,580 | |
Coca-Cola Femsa ADR | 75,784 | 4,264,366 | |
Fomento Economico Mexicano ADR | 19,186 | 1,663,810 | |
Grupo Financiero Banorte Class O | 440,979 | 2,826,205 |
NQ-VIP-868 [9/21] 11/21 (1918430) 1
Schedule of investments
Delaware VIP® Trust — Delaware VIP Emerging Markets Series
Number of shares | Value (US $) | ||
Common StockΔ (continued) | |||
Mexico (continued) | |||
Grupo Televisa ADR | 656,458 | $ 7,207,909 | |
27,183,856 | |||
Peru − 0.33% | |||
Cia de Minas Buenaventura ADR † | 356,605 | 2,410,650 | |
2,410,650 | |||
Philippines − 0.27% | |||
Monde Nissin 144A #, † | 5,257,000 | 1,937,495 | |
1,937,495 | |||
Republic of Korea − 17.59% | |||
Fila Holdings | 101,760 | 3,628,314 | |
LG Uplus | 250,922 | 3,154,270 | |
Samsung Electronics | 671,359 | 41,620,633 | |
Samsung Life Insurance | 66,026 | 4,050,514 | |
SK Hynix | 360,000 | 30,818,281 | |
SK Telecom † | 52,491 | 14,257,415 | |
SK Telecom ADR | 971,935 | 29,255,244 | |
126,784,671 | |||
Russia − 5.86% | |||
Etalon Group GDR #, † | 354,800 | 556,327 | |
Gazprom PJSC ADR | 1,043,900 | 10,317,422 | |
Mail.Ru Group GDR † | 71,300 | 1,462,981 | |
Rosneft Oil PJSC GDR | 1,449,104 | 12,136,747 | |
Sberbank of Russia PJSC = | 2,058,929 | 9,639,662 | |
Yandex Class A † | 101,902 | 8,120,570 | |
42,233,709 | |||
Russia − 0.21% | |||
ENEL RUSSIA PJSC GDR † | 15,101 | 8,928 | |
Surgutneftegas PJSC ADR | 294,652 | 1,475,957 | |
T Plus PJSC = | 25,634 | 0 | |
1,484,885 | |||
South Africa − 0.05% | |||
Sun International † | 210,726 | 274,974 | |
Tongaat Hulett † | 182,915 | 80,776 | |
355,750 | |||
Taiwan − 17.46% | |||
Hon Hai Precision Industry | 3,881,564 | 14,488,374 | |
MediaTek | 1,045,000 | 33,635,929 | |
Taiwan Semiconductor Manufacturing | 3,756,864 | 77,699,790 | |
125,824,093 | |||
Turkey − 0.56% | |||
D-MARKET Elektronik Hizmetler ve Ticaret ADR † | 15,200 | 104,272 | |
Turkcell Iletisim Hizmetleri | 677,165 | 1,161,895 |
Number of shares | Value (US $) | ||
Common StockΔ (continued) | |||
Turkey (continued) | |||
Turkiye Sise ve Cam Fabrikalari | 3,008,750 | $ 2,770,906 | |
4,037,073 | |||
United Kingdom − 0.26% | |||
Griffin Mining † | 1,642,873 | 1,860,253 | |
1,860,253 | |||
Total Common Stock (cost $446,338,142) | 655,518,093 | ||
Convertible Preferred Stock – 0.04% | |||
Republic of Korea − 0.04% | |||
CJ | 4,204 | 288,767 | |
Total Convertible Preferred Stock (cost $470,723) | 288,767 | ||
Preferred Stock – 5.95% | |||
Brazil − 0.61% | |||
Centrais Eletricas Brasileiras Class B 5.70% ** | 216,779 | 1,543,716 | |
Petroleo Brasileiro ADR 8.47% ** | 285,509 | 2,855,090 | |
4,398,806 | |||
Republic of Korea − 4.24% | |||
CJ 3.43% ** | 28,030 | 1,428,972 | |
Samsung Electronics 3.90% ** | 499,750 | 29,154,770 | |
30,583,742 | |||
Russia − 1.10% | |||
Transneft PJSC 5.75% =, ** | 3,606 | 7,926,227 | |
7,926,227 | |||
Total Preferred Stock (cost $16,880,353) | 42,908,775 | ||
Warrants – 0.02% | |||
Argentina − 0.02% | |||
Irsa Inversiones y Representaciones exercise price 0.23, expiration date 3/5/26 † | 594,450 | 136,604 | |
Total Warrants (cost $0) | 136,604 | ||
Participation Notes – 0.00% | |||
Lehman Indian Oil CW 12 LEPO = | 100,339 | 0 | |
Lehman Oil & Natural Gas CW 12 LEPO = | 146,971 | 0 | |
Total Participation Notes (cost $4,952,197) | 0 | ||
2 NQ-VIP-868 [9/21] 11/21 (1918430)
Number of shares | Value (US $) | ||
Short-Term Investments – 3.33% | |||
Money Market Mutual Funds – 3.33% | |||
BlackRock FedFund – Institutional Shares (seven-day effective yield 0.03%) | 5,994,400 | $ 5,994,400 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 0.01%) | 5,994,400 | 5,994,400 | |
GS Financial Square Government Fund – Institutional Shares (seven-day effective yield 0.03%) | 5,994,400 | 5,994,400 | |
Morgan Stanley Government Portfolio – Institutional Share Class (seven-day effective yield 0.03%) | 5,994,399 | 5,994,399 | |
Total Short-Term Investments (cost $23,977,599) | 23,977,599 | ||
Total Value of Securities−100.29% (cost $492,619,014) | 722,829,838 | ||
Liabilities Net of Receivables and Other Assets — (0.29%) | (2,099,724) |
Net Assets Applicable to 25,799,131 Shares Outstanding — 100.00% | $720,730,114 |
Δ | Securities have been classified by country of origin. |
† | Non-income producing security. |
# | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At September 30, 2021, the aggregate value of Rule 144A securities was $34,319,860, which represents 4.76% of the Series' net assets. |
= | The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security. |
** | Perpetual security with no stated maturity date. |
NQ-VIP-868 [9/21] 11/21 (1918430) 3
Schedule of investments
Delaware VIP® Trust — Delaware VIP Emerging Markets Series
The following foreign currency exchange contracts were outstanding at September 30, 2021:
Foreign Currency Exchange Contracts | ||||||||||
Counterparty | Currency to Receive (Deliver) | In Exchange For | Settlement Date | Unrealized Depreciation | ||||||
BNYM | BRL | (1,225,708) | USD | 224,551 | 10/4/21 | $(348) |
The use of foreign currency exchange contracts involves elements of market risk and risks in excess of the amounts disclosed in the financial statements. The foreign currency exchange contract presented above represents the Series' total exposure in such contracts, whereas only the net unrealized appreciation (depreciation) is reflected in the Series' net assets.
Summary of abbreviations: |
ADR – American Depositary Receipt |
BNYM – Bank of New York Mellon |
BRL – Brazilian Real |
GDR – Global Depositary Receipt |
GS – Goldman Sachs |
LEPO – Low Exercise Price Option |
PJSC – Private Joint Stock Company |
USD – US Dollar |
4 NQ-VIP-868 [9/21] 11/21 (1918430)