Schedule of investments
Delaware VIP® Trust — Delaware VIP Opportunity Series
September 30, 2021 (Unaudited)
Number of shares | Value (US $) | ||
Common Stock — 98.99% | |||
Basic Materials — 7.59% | |||
Balchem | 2,303 | $ 334,096 | |
Boise Cascade | 9,789 | 528,410 | |
Huntsman | 39,949 | 1,182,091 | |
Kaiser Aluminum | 8,626 | 939,889 | |
Minerals Technologies | 13,560 | 947,030 | |
Neenah | 9,863 | 459,715 | |
Reliance Steel & Aluminum | 8,079 | 1,150,611 | |
Westrock | 12,029 | 599,405 | |
Worthington Industries | 14,623 | 770,632 | |
6,911,879 | |||
Business Services — 4.18% | |||
ABM Industries | 12,073 | 543,406 | |
Aramark | 23,693 | 778,552 | |
ASGN † | 8,385 | 948,679 | |
Casella Waste Systems Class A † | 4,831 | 366,866 | |
US Ecology † | 8,435 | 272,872 | |
WillScot Mobile Mini Holdings † | 28,130 | 892,284 | |
3,802,659 | |||
Capital Goods — 11.85% | |||
Ameresco Class A † | 6,675 | 390,020 | |
Barnes Group | 5,088 | 212,322 | |
BWX Technologies | 10,123 | 545,225 | |
Carlisle | 2,009 | 399,369 | |
Columbus McKinnon | 3,178 | 153,656 | |
ESCO Technologies | 4,016 | 309,232 | |
Federal Signal | 9,037 | 349,009 | |
Gates Industrial † | 19,411 | 315,817 | |
Generac Holdings † | 942 | 384,967 | |
Graco | 7,531 | 526,944 | |
Jacobs Engineering Group | 6,777 | 898,156 | |
Kadant | 1,954 | 398,812 | |
KBR | 12,363 | 487,102 | |
Lincoln Electric Holdings | 4,651 | 599,002 | |
MasTec † | 6,013 | 518,802 | |
Oshkosh | 6,472 | 662,539 | |
Quanta Services | 12,427 | 1,414,441 | |
Tetra Tech | 3,082 | 460,266 | |
WESCO International † | 3,471 | 400,276 | |
Woodward | 2,997 | 339,260 | |
Zurn Water Solutions | 15,906 | 1,022,597 | |
10,787,814 | |||
Consumer Discretionary — 5.99% | |||
American Eagle Outfitters | 29,965 | 773,097 | |
BJ's Wholesale Club Holdings † | 8,422 | 462,536 | |
Dick's Sporting Goods | 9,851 | 1,179,854 | |
Five Below † | 5,609 | 991,727 | |
Malibu Boats Class A † | 12,680 | 887,347 | |
Sonic Automotive Class A | 3,468 | 182,209 |
Number of shares | Value (US $) | ||
Common Stock (continued) | |||
Consumer Discretionary (continued) | |||
Steven Madden | 24,354 | $ 978,057 | |
5,454,827 | |||
Consumer Services — 3.50% | |||
Allegiant Travel † | 3,592 | 702,164 | |
Brinker International † | 10,045 | 492,707 | |
Chuy's Holdings † | 8,664 | 273,176 | |
Jack in the Box | 5,999 | 583,883 | |
Texas Roadhouse | 6,248 | 570,630 | |
Wendy's | 25,918 | 561,902 | |
3,184,462 | |||
Consumer Staples — 2.98% | |||
Casey's General Stores | 4,961 | 934,900 | |
Helen of Troy † | 1,887 | 423,971 | |
J & J Snack Foods | 5,108 | 780,605 | |
YETI Holdings † | 6,666 | 571,210 | |
2,710,686 | |||
Credit Cyclicals — 2.58% | |||
BorgWarner | 14,627 | 632,033 | |
KB Home | 9,508 | 370,051 | |
La-Z-Boy | 9,660 | 311,342 | |
Taylor Morrison Home † | 13,390 | 345,194 | |
Toll Brothers | 12,494 | 690,793 | |
2,349,413 | |||
Energy — 3.13% | |||
Diamondback Energy | 23,224 | 2,198,616 | |
Patterson-UTI Energy | 7,199 | 64,791 | |
PDC Energy | 12,300 | 582,897 | |
2,846,304 | |||
Financial Services — 15.02% | |||
Axis Capital Holdings | 13,476 | 620,435 | |
Comerica | 9,020 | 726,110 | |
East West Bancorp | 15,822 | 1,226,838 | |
Essent Group | 15,959 | 702,356 | |
First Horizon | 34,581 | 563,324 | |
Hamilton Lane Class A | 4,040 | 342,673 | |
Independent Bank Group | 6,994 | 496,854 | |
Kemper | 8,759 | 585,014 | |
NMI Holdings Class A † | 19,341 | 437,300 | |
Primerica | 4,947 | 760,008 | |
Reinsurance Group of America | 5,586 | 621,498 | |
Selective Insurance Group | 8,155 | 615,947 | |
SouthState | 8,710 | 650,376 | |
Sterling Bancorp | 26,998 | 673,870 | |
Stifel Financial | 14,195 | 964,692 | |
Umpqua Holdings | 40,359 | 817,270 | |
Valley National Bancorp | 46,727 | 621,936 | |
Webster Financial | 16,864 | 918,413 | |
Western Alliance Bancorp | 7,284 | 792,645 |
NQ-FL4 [9/21] 11/21 (1918253) 1
Schedule of investments
Delaware VIP® Trust — Delaware VIP Opportunity Series
Number of shares | Value (US $) | ||
Common Stock (continued) | |||
Financial Services (continued) | |||
WSFS Financial | 10,484 | $ 537,934 | |
13,675,493 | |||
Healthcare — 14.95% | |||
Agios Pharmaceuticals † | 10,004 | 461,685 | |
Amicus Therapeutics † | 41,075 | 392,266 | |
Biohaven Pharmaceutical Holding † | 4,793 | 665,796 | |
Bio-Techne | 2,093 | 1,014,205 | |
Blueprint Medicines † | 8,446 | 868,333 | |
Catalent † | 9,052 | 1,204,550 | |
Encompass Health | 10,592 | 794,824 | |
Exact Sciences † | 2,726 | 260,197 | |
Halozyme Therapeutics † | 16,078 | 654,053 | |
ICON † | 3,355 | 879,077 | |
Insmed † | 14,944 | 411,558 | |
Inspire Medical Systems † | 2,579 | 600,597 | |
Ligand Pharmaceuticals † | 5,540 | 771,833 | |
Natera † | 7,365 | 820,755 | |
NeoGenomics † | 9,018 | 435,028 | |
Neurocrine Biosciences † | 7,979 | 765,266 | |
Quidel † | 3,214 | 453,656 | |
Repligen † | 3,697 | 1,068,396 | |
Supernus Pharmaceuticals † | 14,593 | 389,195 | |
Ultragenyx Pharmaceutical † | 7,832 | 706,368 | |
13,617,638 | |||
Media — 1.30% | |||
Cinemark Holdings † | 18,864 | 362,377 | |
Interpublic Group of Companies | 22,388 | 820,968 | |
1,183,345 | |||
Real Estate Investment Trusts — 6.51% | |||
American Assets Trust | 6,772 | 253,408 | |
Brixmor Property Group | 29,730 | 657,330 | |
Camden Property Trust | 6,159 | 908,268 | |
Cousins Properties | 19,616 | 731,481 | |
DiamondRock Hospitality † | 31,298 | 295,766 | |
First Industrial Realty Trust | 11,279 | 587,410 | |
Kite Realty Group Trust | 19,604 | 399,138 | |
Lexington Realty Trust | 35,094 | 447,449 | |
Life Storage | 6,161 | 706,913 | |
Pebblebrook Hotel Trust | 19,108 | 428,210 | |
Physicians Realty Trust | 29,271 | 515,755 | |
5,931,128 | |||
Technology — 15.28% | |||
Blackline † | 2,505 | 295,740 | |
Box Class A † | 9,978 | 236,179 | |
Brooks Automation | 6,365 | 651,458 | |
Bumble Class A † | 74 | 3,699 | |
Chegg † | 6,395 | 434,988 |
Number of shares | Value (US $) | ||
Common Stock (continued) | |||
Technology (continued) | |||
ExlService Holdings † | 10,074 | $ 1,240,311 | |
Guidewire Software † | 3,981 | 473,221 | |
Ichor Holdings † | 4,577 | 188,069 | |
II-VI † | 11,624 | 690,001 | |
J2 Global † | 6,243 | 852,919 | |
LendingTree † | 2,316 | 323,846 | |
MACOM Technology Solutions Holdings † | 9,469 | 614,254 | |
MaxLinear † | 16,292 | 802,381 | |
Medallia † | 13,693 | 463,782 | |
NETGEAR † | 9,046 | 288,658 | |
ON Semiconductor † | 10,093 | 461,957 | |
Paycom Software † | 513 | 254,320 | |
PTC † | 8,866 | 1,062,058 | |
Rapid7 † | 6,502 | 734,856 | |
Semtech † | 7,879 | 614,326 | |
Silicon Laboratories † | 1,759 | 246,541 | |
Sprout Social Class A † | 3,073 | 374,752 | |
SS&C Technologies Holdings | 5,655 | 392,457 | |
Tyler Technologies † | 403 | 184,836 | |
Upwork † | 4,142 | 186,514 | |
Varonis Systems † | 6,080 | 369,968 | |
WNS Holdings ADR † | 11,928 | 975,710 | |
Yelp † | 13,368 | 497,824 | |
13,915,625 | |||
Transportation — 1.79% | |||
Knight-Swift Transportation Holdings | 21,977 | 1,124,123 | |
Werner Enterprises | 11,495 | 508,884 | |
1,633,007 | |||
Utilities — 2.34% | |||
Black Hills | 7,872 | 494,047 | |
NorthWestern | 9,468 | 542,516 | |
South Jersey Industries | 23,518 | 499,993 | |
Spire | 9,652 | 590,509 | |
2,127,065 | |||
Total Common Stock (cost $67,239,938) | 90,131,345 | ||
Short-Term Investments — 1.25% | |||
Money Market Mutual Funds — 1.25% | |||
BlackRock FedFund – Institutional Shares (seven-day effective yield 0.03%) | 285,415 | 285,415 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 0.01%) | 285,417 | 285,417 |
2 NQ-FL4 [9/21] 11/21 (1918253)
Number of shares | Value (US $) | ||
Short-Term Investments (continued) | |||
Money Market Mutual Funds (continued) | |||
GS Financial Square Government Fund – Institutional Shares (seven-day effective yield 0.03%) | 285,417 | $ 285,417 | |
Morgan Stanley Government Portfolio – Institutional Share Class (seven-day effective yield 0.03%) | 285,416 | 285,416 | |
Total Short-Term Investments (cost $1,141,665) | 1,141,665 | ||
Total Value of Securities—100.24% (cost $68,381,603) | 91,273,010 | ||
Liabilities Net of Receivables and Other Assets—(0.24%) | (219,620) | ||
Net Assets Applicable to 4,698,957 Shares Outstanding—100.00% | $91,053,390 |
† | Non-income producing security. |
Summary of abbreviations: |
ADR – American Depositary Receipt |
GS – Goldman Sachs |
NQ-FL4 [9/21] 11/21 (1918253) 3