Schedule of investments
Delaware VIP® Trust — Delaware VIP Special Situations Series
September 30, 2021 (Unaudited)
Number of shares | Value (US $) | ||
Common Stock — 99.50%♦ | |||
Basic Industry — 8.18% | |||
Arconic † | 51,100 | $ 1,611,694 | |
Ashland Global Holdings | 16,300 | 1,452,656 | |
Avient | 39,100 | ��� 1,812,285 | |
Berry Global Group † | 61,600 | 3,750,208 | |
HB Fuller | 33,700 | 2,175,672 | |
Huntsman | 83,800 | 2,479,642 | |
Louisiana-Pacific | 87,100 | 5,345,327 | |
Summit Materials Class A † | 44,800 | 1,432,256 | |
20,059,740 | |||
Business Services — 2.16% | |||
Deluxe | 18,600 | 667,554 | |
PAE † | 80,100 | 478,998 | |
WESCO International † | 36,000 | 4,151,520 | |
5,298,072 | |||
Capital Spending — 9.99% | |||
Altra Industrial Motion | 58,000 | 3,210,300 | |
Atkore † | 39,200 | 3,407,264 | |
H&E Equipment Services | 32,900 | 1,141,959 | |
ITT | 50,200 | 4,309,168 | |
KBR | 45,732 | 1,801,841 | |
MasTec † | 65,900 | 5,685,852 | |
Primoris Services | 54,150 | 1,326,133 | |
Zurn Water Solutions | 56,100 | 3,606,669 | |
24,489,186 | |||
Consumer Cyclical — 3.91% | |||
Adient † | 57,700 | 2,391,665 | |
Barnes Group | 35,800 | 1,493,934 | |
KB Home | 51,100 | 1,988,812 | |
Leggett & Platt | 31,700 | 1,421,428 | |
Meritage Homes † | 23,500 | 2,279,500 | |
9,575,339 | |||
Consumer Services — 8.95% | |||
Acushnet Holdings | 29,600 | 1,382,320 | |
American Eagle Outfitters | 44,700 | 1,153,260 | |
Cable One | 800 | 1,450,504 | |
Choice Hotels International | 15,600 | 1,971,372 | |
Cracker Barrel Old Country Store | 14,400 | 2,013,696 | |
Denny's † | 45,800 | 748,372 | |
Group 1 Automotive | 12,200 | 2,292,136 | |
PROG Holdings † | 38,300 | 1,608,983 | |
Steven Madden | 37,000 | 1,485,920 | |
TEGNA | 112,800 | 2,224,416 | |
Texas Roadhouse | 14,850 | 1,356,251 | |
UniFirst | 12,000 | 2,551,440 | |
Wolverine World Wide | 57,213 | 1,707,236 | |
21,945,906 |
Number of shares | Value (US $) | ||
Common Stock♦ (continued) | |||
Consumer Staples — 3.04% | |||
J & J Snack Foods | 12,400 | $ 1,894,968 | |
Performance Food Group † | 46,716 | 2,170,425 | |
Scotts Miracle-Gro | 5,800 | 848,888 | |
Spectrum Brands Holdings | 26,500 | 2,535,255 | |
7,449,536 | |||
Energy — 5.58% | |||
CNX Resources † | 199,400 | 2,516,428 | |
Delek US Holdings † | 55,600 | 999,132 | |
Devon Energy | 112,273 | 3,986,814 | |
Dril-Quip † | 25,100 | 632,018 | |
Helix Energy Solutions Group † | 155,100 | 601,788 | |
Magnolia Oil & Gas Class A | 138,400 | 2,462,136 | |
Patterson-UTI Energy | 143,300 | 1,289,700 | |
Renewable Energy Group † | 23,675 | 1,188,485 | |
13,676,501 | |||
Financial Services — 28.94% | |||
American Equity Investment Life Holding | 89,800 | 2,655,386 | |
Bank of NT Butterfield & Son | 43,300 | 1,537,583 | |
East West Bancorp | 105,100 | 8,149,454 | |
Essent Group | 27,400 | 1,205,874 | |
First Financial Bancorp | 99,600 | 2,331,636 | |
First Interstate BancSystem Class A | 34,800 | 1,401,048 | |
FNB | 298,800 | 3,472,056 | |
Great Western Bancorp | 81,200 | 2,658,488 | |
Hancock Whitney | 102,550 | 4,832,156 | |
Hanover Insurance Group | 22,700 | 2,942,374 | |
Kemper | 24,600 | 1,643,034 | |
NBT Bancorp | 24,200 | 874,104 | |
Prosperity Bancshares | 27,000 | 1,920,510 | |
S&T Bancorp | 33,400 | 984,298 | |
Sandy Spring Bancorp | 30,700 | 1,406,674 | |
Selective Insurance Group | 43,300 | 3,270,449 | |
Sterling Bancorp | 80,100 | 1,999,296 | |
Stewart Information Services | 6,031 | 381,521 | |
Stifel Financial | 88,750 | 6,031,450 | |
Synovus Financial | 64,000 | 2,808,960 | |
Umpqua Holdings | 192,200 | 3,892,050 | |
Valley National Bancorp | 251,700 | 3,350,127 | |
Webster Financial | 87,400 | 4,759,804 | |
Western Alliance Bancorp | 59,150 | 6,436,703 | |
70,945,035 | |||
Healthcare — 4.64% | |||
Avanos Medical † | 45,600 | 1,422,720 | |
Integer Holdings † | 27,300 | 2,438,982 | |
Integra LifeSciences Holdings † | 37,300 | 2,554,304 |
NQ-FL5 [9/21] 11/21 (1918179) 1
Schedule of investments
Delaware VIP® Trust — Delaware VIP Special Situations Series
Number of shares | Value (US $) | ||
Common Stock♦ (continued) | |||
Healthcare (continued) | |||
NuVasive † | 18,900 | $ 1,131,165 | |
Select Medical Holdings | 48,900 | 1,768,713 | |
Service Corp. International | 34,050 | 2,051,853 | |
11,367,737 | |||
Real Estate Investment Trusts — 8.43% | |||
Brandywine Realty Trust | 163,100 | 2,188,802 | |
Broadstone Net Lease | 63,600 | 1,577,916 | |
Independence Realty Trust | 71,300 | 1,450,955 | |
Kite Realty Group Trust | 68,105 | 1,386,618 | |
Lexington Realty Trust | 179,900 | 2,293,725 | |
Life Storage | 22,650 | 2,598,861 | |
National Health Investors | 24,300 | 1,300,050 | |
Outfront Media | 117,600 | 2,963,520 | |
RPT Realty | 103,700 | 1,323,212 | |
Spirit Realty Capital | 52,200 | 2,403,288 | |
Summit Hotel Properties † | 121,400 | 1,169,082 | |
20,656,029 | |||
Technology — 10.19% | |||
Cirrus Logic † | 26,000 | 2,141,100 | |
Concentrix † | 11,500 | 2,035,500 | |
Diodes † | 17,800 | 1,612,502 | |
Flex † | 178,809 | 3,161,343 | |
NCR † | 25,888 | 1,003,419 | |
NetScout Systems † | 46,300 | 1,247,785 | |
ON Semiconductor † | 70,900 | 3,245,093 | |
SYNNEX | 11,500 | 1,197,150 | |
Teradyne | 21,900 | 2,390,823 | |
Tower Semiconductor † | 82,900 | 2,478,710 | |
TTM Technologies † | 143,700 | 1,806,309 | |
Viavi Solutions † | 122,000 | 1,920,280 | |
Vishay Intertechnology | 36,800 | 739,312 | |
24,979,326 | |||
Transportation — 2.58% | |||
Kirby † | 27,500 | 1,318,900 | |
Saia † | 5,500 | 1,309,165 | |
SkyWest † | 24,350 | 1,201,429 | |
Werner Enterprises | 56,400 | 2,496,828 | |
6,326,322 | |||
Utilities — 2.91% | |||
ALLETE | 31,000 | 1,845,120 |
Number of shares | Value (US $) | ||
Common Stock♦ (continued) | |||
Utilities (continued) | |||
Black Hills | 31,900 | $ 2,002,044 | |
South Jersey Industries | 62,400 | 1,326,624 | |
Southwest Gas Holdings | 29,100 | 1,946,208 | |
7,119,996 | |||
Total Common Stock (cost $186,783,528) | 243,888,725 | ||
Short-Term Investments — 0.52% | |||
Money Market Mutual Funds — 0.52% | |||
BlackRock FedFund – Institutional Shares (seven-day effective yield 0.03%) | 318,183 | 318,183 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 0.01%) | 318,184 | 318,184 | |
GS Financial Square Government Fund – Institutional Shares (seven-day effective yield 0.03%) | 318,184 | 318,184 | |
Morgan Stanley Government Portfolio – Institutional Share Class (seven-day effective yield 0.03%) | 318,183 | 318,183 | |
Total Short-Term Investments (cost $1,272,734) | 1,272,734 | ||
Total Value of Securities—100.02% (cost $188,056,262) | 245,161,459 | ||
Liabilities Net of Receivables and Other Assets—(0.02%) | (37,686) | ||
Net Assets Applicable to 7,372,592 Shares Outstanding—100.00% | $245,123,773 |
♦ | 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 |
2 NQ-FL5 [9/21] 11/21 (1918179)