Schedule of investments
Delaware VIP® Trust — Delaware VIP Small Cap Value Series
March 31, 2022 (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks — 99.07% | |||
Basic Industry — 8.05% | |||
Arconic † | 434,700 | $ 11,137,014 | |
Ashland Global Holdings | 98,300 | 9,673,703 | |
Avient | 235,800 | 11,318,400 | |
Berry Global Group † | 372,100 | 21,566,916 | |
HB Fuller | 203,600 | 13,451,852 | |
Huntsman | 505,600 | 18,965,056 | |
Louisiana-Pacific | 476,000 | 29,569,120 | |
Summit Materials Class A † | 271,000 | 8,417,260 | |
124,099,321 | |||
Consumer Discretionary — 9.86% | |||
Acushnet Holdings | 177,100 | 7,130,046 | |
Adient † | 310,400 | 12,655,008 | |
Barnes Group | 268,900 | 10,807,091 | |
Cable One | 4,650 | 6,808,716 | |
Choice Hotels International | 66,100 | 9,370,336 | |
Cracker Barrel Old Country Store | 86,800 | 10,305,764 | |
Denny's † | 281,200 | 4,023,972 | |
Group 1 Automotive | 72,800 | 12,218,024 | |
KB Home | 308,100 | 9,976,278 | |
Meritage Homes † | 140,100 | 11,100,123 | |
Nexstar Media Group Class A | 64,900 | 12,232,352 | |
PROG Holdings † | 159,539 | 4,589,937 | |
Steven Madden | 224,550 | 8,676,612 | |
Texas Roadhouse | 106,100 | 8,883,753 | |
UniFirst | 76,400 | 14,078,992 | |
Wolverine World Wide | 409,475 | 9,237,756 | |
152,094,760 | |||
Consumer Staples — 3.15% | |||
J & J Snack Foods | 87,000 | 13,493,700 | |
Performance Food Group † | 285,737 | 14,546,871 | |
Scotts Miracle-Gro | 50,700 | 6,234,072 | |
Spectrum Brands Holdings | 160,500 | 14,239,560 | |
48,514,203 | |||
Energy — 8.66% | |||
CNX Resources † | 1,200,600 | 24,876,432 | |
Delek US Holdings † | 323,100 | 6,856,182 | |
Devon Energy | 400,297 | 23,669,562 | |
Dril-Quip † | 152,900 | 5,710,815 | |
Helix Energy Solutions Group † | 884,600 | 4,228,388 | |
Magnolia Oil & Gas Class A | 927,100 | 21,925,915 | |
Matador Resources | 57,145 | 3,027,542 | |
Murphy Oil | 418,500 | 16,903,215 | |
Patterson-UTI Energy | 1,093,000 | 16,919,640 | |
Renewable Energy Group † | 155,067 | 9,404,813 | |
133,522,504 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Financial Services — 28.42% | |||
American Equity Investment Life Holding | 612,900 | $ 24,460,839 | |
Bank of NT Butterfield & Son | 263,500 | 9,454,380 | |
East West Bancorp | 537,636 | 42,483,997 | |
Essent Group | 266,500 | 10,982,465 | |
First Financial Bancorp | 605,100 | 13,947,555 | |
First Interstate BancSystem Class A | 520,364 | 19,133,784 | |
FNB | 1,907,800 | 23,752,110 | |
Hancock Whitney | 622,800 | 32,479,020 | |
Hanover Insurance Group | 146,700 | 21,934,584 | |
Hope Bancorp | 297,611 | 4,785,585 | |
Kemper | 149,000 | 8,424,460 | |
Metropolitan Bank Holding † | 17,804 | 1,811,913 | |
NBT Bancorp | 38,562 | 1,393,245 | |
Prosperity Bancshares | 97,500 | 6,764,550 | |
S&T Bancorp | 182,832 | 5,408,171 | |
Sandy Spring Bancorp | 187,000 | 8,400,040 | |
Selective Insurance Group | 262,190 | 23,429,298 | |
Stewart Information Services | 154,700 | 9,376,367 | |
Stifel Financial | 501,350 | 34,041,665 | |
Synovus Financial | 413,300 | 20,251,700 | |
Umpqua Holdings | 1,219,700 | 23,003,542 | |
Valley National Bancorp | 1,594,500 | 20,760,390 | |
Webster Financial | 750,784 | 42,133,998 | |
Western Alliance Bancorp | 358,700 | 29,707,534 | |
438,321,192 | |||
Healthcare — 4.08% | |||
Avanos Medical † | 245,500 | 8,224,250 | |
Integer Holdings † | 164,600 | 13,261,822 | |
Integra LifeSciences Holdings † | 223,800 | 14,381,388 | |
NuVasive † | 145,600 | 8,255,520 | |
Select Medical Holdings | 340,500 | 8,168,595 | |
Service Corp. International | 161,100 | 10,603,602 | |
62,895,177 | |||
Industrials — 12.13% | |||
Altra Industrial Motion | 350,070 | 13,628,225 | |
Atkore † | 236,700 | 23,300,748 | |
CACI International Class A † | 31,100 | 9,369,186 | |
Deluxe | 116,800 | 3,532,032 | |
H&E Equipment Services | 200,400 | 8,721,408 | |
ITT | 298,221 | 22,429,201 | |
KBR | 277,093 | 15,165,300 | |
MasTec † | 363,156 | 31,630,888 | |
Primoris Services | 323,900 | 7,715,298 | |
Regal Rexnord | 76,052 | 11,315,017 | |
WESCO International † | 216,900 | 28,227,366 |
NQ-VIP-884 [3/22] 5/22 (2218496) 1
Schedule of investments
Delaware VIP® Trust — Delaware VIP Small Cap Value Series
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Industrials (continued) | |||
Zurn Water Solutions | 341,200 | $ 12,078,480 | |
187,113,149 | |||
Real Estate Investment Trusts — 8.76% | |||
Brandywine Realty Trust | 985,533 | 13,935,437 | |
Independence Realty Trust | 313,200 | 8,281,008 | |
Kite Realty Group Trust | 628,518 | 14,311,355 | |
Life Storage | 116,150 | 16,310,944 | |
LXP Industrial Trust | 1,004,800 | 15,775,360 | |
National Health Investors | 211,100 | 12,457,011 | |
Outfront Media | 712,000 | 20,242,160 | |
RPT Realty | 626,000 | 8,620,020 | |
Spirit Realty Capital | 386,100 | 17,768,322 | |
Summit Hotel Properties † | 743,300 | 7,403,268 | |
135,104,885 | |||
Technology — 10.39% | |||
Cirrus Logic † | 156,400 | 13,261,156 | |
Concentrix | 70,400 | 11,725,824 | |
Diodes † | 117,000 | 10,177,830 | |
Flex † | 1,078,557 | 20,007,232 | |
NCR † | 256,121 | 10,293,503 | |
NetScout Systems † | 277,563 | 8,904,221 | |
Power Integrations | 86,900 | 8,053,892 | |
TD SYNNEX | 99,400 | 10,259,074 | |
Teradyne | 104,700 | 12,378,681 | |
Tower Semiconductor † | 496,600 | 24,035,440 | |
TTM Technologies † | 942,812 | 13,972,474 | |
Viavi Solutions † | 804,900 | 12,942,792 | |
Vishay Intertechnology | 218,700 | 4,286,520 | |
160,298,639 | |||
Transportation — 2.10% | |||
Kirby † | 165,300 | 11,933,007 | |
Saia † | 26,150 | 6,375,893 | |
Werner Enterprises | 343,100 | 14,067,100 | |
32,376,000 | |||
Utilities — 3.47% | |||
ALLETE | 187,600 | 12,565,448 | |
Black Hills | 198,512 | 15,289,394 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Utilities (continued) | |||
South Jersey Industries | 381,100 | $ 13,167,005 | |
Southwest Gas Holdings | 159,900 | 12,518,571 | |
53,540,418 | |||
Total Common Stocks (cost $947,265,888) | 1,527,880,248 | ||
Short-Term Investments — 0.48% | |||
Money Market Mutual Funds — 0.48% | |||
BlackRock FedFund – Institutional Shares (seven-day effective yield 0.23%) | 1,857,046 | 1,857,046 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 0.12%) | 1,857,047 | 1,857,047 | |
GS Financial Square Government Fund – Institutional Shares (seven-day effective yield 0.25%) | 1,857,047 | 1,857,047 | |
Morgan Stanley Government Portfolio – Institutional Share Class (seven-day effective yield 0.23%) | 1,857,046 | 1,857,046 | |
Total Short-Term Investments (cost $7,428,186) | 7,428,186 | ||
Total Value of Securities—99.55% (cost $954,694,074) | 1,535,308,434 | ||
Receivables and Other Assets Net of Liabilities—0.45% | 6,941,554 | ||
Net Assets Applicable to 35,145,803 Shares Outstanding—100.00% | $1,542,249,988 |
† | Non-income producing security. |
Summary of abbreviations: |
GS – Goldman Sachs |
2 NQ-VIP-884 [3/22] 5/22 (2218496)