Schedule of investments
Delaware VIP® Trust — Delaware VIP Investment Grade Series
March 31, 2022 (Unaudited)
Principal amount° | Value (US $) | ||
Agency Collateralized Mortgage Obligations — 0.22% | |||
Freddie Mac Structured Agency Credit Risk REMIC Trust | |||
Series 2021-DNA3 M1 144A 0.849% (SOFR + 0.75%) 10/25/33 #, • | 83,004 | $ 82,228 | |
Series 2021-DNA5 M1 144A 0.749% (SOFR + 0.65%) 1/25/34 #, • | 22,243 | 22,203 | |
Total Agency Collateralized Mortgage Obligations (cost $105,247) | 104,431 | ||
Convertible Bond — 0.15% | |||
Spirit Airlines 1.00% exercise price $49.07, maturity date 5/15/26 | 79,000 | 71,258 | |
Total Convertible Bond (cost $69,074) | 71,258 | ||
Corporate Bonds — 91.65% | |||
Banking — 16.90% | |||
Ally Financial | |||
4.70% 5/15/26 μ, ψ | 255,000 | 240,831 | |
5.75% 11/20/25 | 380,000 | 399,930 | |
Bank of America | |||
2.482% 9/21/36 μ | 775,000 | 667,538 | |
2.551% 2/4/28 μ | 105,000 | 100,429 | |
2.972% 2/4/33 μ | 120,000 | 112,568 | |
Bank of New York Mellon 4.70% 9/20/25 μ, ψ | 350,000 | 359,275 | |
Citigroup 4.00% 12/10/25 μ, ψ | 250,000 | 240,625 | |
Credit Agricole 144A 2.811% 1/11/41 # | 300,000 | 248,532 | |
Credit Suisse Group | |||
144A 5.25% 2/11/27 #, μ, ψ | 200,000 | 185,500 | |
144A 6.375% 8/21/26 #, μ, ψ | 210,000 | 207,810 | |
Goldman Sachs Group | |||
1.542% 9/10/27 μ | 400,000 | 366,129 | |
3.102% 2/24/33 μ | 40,000 | 37,746 | |
3.615% 3/15/28 μ | 290,000 | 289,955 | |
JPMorgan Chase & Co. 1.47% 9/22/27 μ | 680,000 | 627,433 | |
Morgan Stanley | |||
1.928% 4/28/32 μ | 165,000 | 142,815 | |
2.484% 9/16/36 μ | 810,000 | 695,806 | |
NatWest Group 4.60% 6/28/31 μ, ψ | 200,000 | 176,500 | |
PNC Bank 4.05% 7/26/28 | 250,000 | 257,142 | |
State Street | |||
1.684% 11/18/27 μ | 110,000 | 103,360 | |
2.203% 2/7/28 μ | 140,000 | 134,314 |
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Banking (continued) | |||
SVB Financial Group | |||
1.80% 10/28/26 | 100,000 | $ 93,063 | |
2.10% 5/15/28 | 355,000 | 324,245 | |
4.00% 5/15/26 μ, ψ | 530,000 | 490,913 | |
Truist Bank 2.636% 9/17/29 μ | 445,000 | 437,846 | |
Truist Financial 4.95% 9/1/25 μ, ψ | 395,000 | 405,468 | |
US Bancorp | |||
2.215% 1/27/28 μ | 80,000 | 76,506 | |
2.491% 11/3/36 μ | 115,000 | 103,321 | |
2.677% 1/27/33 μ | 85,000 | 80,903 | |
3.70% 1/15/27 μ, ψ | 115,000 | 104,363 | |
Wells Fargo & Co. | |||
3.526% 3/24/28 μ | 65,000 | 64,922 | |
3.90% 3/15/26 μ, ψ | 280,000 | 268,569 | |
Westpac Banking 3.133% 11/18/41 | 140,000 | 120,421 | |
8,164,778 | |||
Basic Industry — 3.60% | |||
Graphic Packaging International 144A 3.50% 3/1/29 # | 130,000 | 119,846 | |
Newmont | |||
2.25% 10/1/30 | 165,000 | 151,004 | |
2.60% 7/15/32 | 70,000 | 64,489 | |
2.80% 10/1/29 | 395,000 | 378,336 | |
Nucor 3.125% 4/1/32 | 100,000 | 96,778 | |
Sherwin-Williams 2.90% 3/15/52 | 345,000 | 283,583 | |
Steel Dynamics 1.65% 10/15/27 | 100,000 | 90,988 | |
Suzano Austria 3.125% 1/15/32 | 285,000 | 252,963 | |
Westlake 3.125% 8/15/51 | 365,000 | 301,241 | |
1,739,228 | |||
Brokerage — 2.65% | |||
Blackstone Holdings Finance 144A 1.625% 8/5/28 # | 325,000 | 290,779 | |
Charles Schwab | |||
5.00% 6/1/27 μ, ψ | 115,000 | 114,862 | |
5.375% 6/1/25 μ, ψ | 180,000 | 186,300 | |
Jefferies Group | |||
2.625% 10/15/31 | 300,000 | 270,987 | |
6.45% 6/8/27 | 275,000 | 310,670 | |
6.50% 1/20/43 | 90,000 | 108,167 | |
1,281,765 | |||
Capital Goods — 3.82% | |||
Amcor Flexibles North America 2.69% 5/25/31 | 220,000 | 202,351 | |
Amphenol 2.20% 9/15/31 | 195,000 | 173,703 | |
Ardagh Metal Packaging Finance USA 144A 4.00% 9/1/29 # | 200,000 | 180,460 | |
Ashtead Capital 144A 1.50% 8/12/26 # | 400,000 | 363,593 | |
Boeing 3.75% 2/1/50 | 60,000 | 53,614 |
NQ-FL9 [3/22] 5/22 (2218554) 1
Schedule of investments
Delaware VIP® Trust — Delaware VIP Investment Grade Series
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Capital Goods (continued) | |||
Madison IAQ 144A 4.125% 6/30/28 # | 75,000 | $ 69,217 | |
Pactiv Evergreen Group Issuer 144A 4.00% 10/15/27 # | 140,000 | 130,228 | |
Teledyne Technologies 2.25% 4/1/28 | 405,000 | 376,504 | |
Waste Connections 2.95% 1/15/52 | 100,000 | 85,578 | |
Weir Group 144A 2.20% 5/13/26 # | 225,000 | 210,449 | |
1,845,697 | |||
Communications — 12.92% | |||
Altice France | |||
144A 5.125% 1/15/29 # | 200,000 | 179,540 | |
144A 5.50% 10/15/29 # | 130,000 | 116,823 | |
AMC Networks 4.75% 8/1/25 | 156,000 | 155,708 | |
AT&T | |||
3.10% 2/1/43 | 421,000 | 364,527 | |
3.50% 9/15/53 | 395,000 | 348,099 | |
CCO Holdings | |||
144A 4.50% 6/1/33 # | 35,000 | 31,464 | |
144A 4.75% 2/1/32 # | 150,000 | 139,908 | |
Cellnex Finance 144A 3.875% 7/7/41 # | 200,000 | 162,838 | |
Charter Communications Operating | |||
3.85% 4/1/61 | 360,000 | 290,557 | |
4.40% 12/1/61 | 85,000 | 74,296 | |
Comcast 3.20% 7/15/36 | 580,000 | 555,928 | |
Crown Castle International | |||
1.05% 7/15/26 | 100,000 | 90,484 | |
2.10% 4/1/31 | 136,000 | 117,813 | |
CSC Holdings 144A 4.50% 11/15/31 # | 200,000 | 179,539 | |
Directv Financing 144A 5.875% 8/15/27 # | 150,000 | 147,761 | |
Discovery Communications 4.00% 9/15/55 | 283,000 | 245,209 | |
Magallanes | |||
144A 3.755% 3/15/27 # | 220,000 | 219,967 | |
144A 4.054% 3/15/29 # | 35,000 | 35,214 | |
144A 4.279% 3/15/32 # | 40,000 | 40,228 | |
144A 5.141% 3/15/52 # | 430,000 | 440,952 | |
Netflix 4.875% 4/15/28 | 115,000 | 120,785 | |
Rogers Communications | |||
144A 3.80% 3/15/32 # | 75,000 | 74,513 | |
144A 4.55% 3/15/52 # | 95,000 | 94,721 | |
Time Warner Cable 7.30% 7/1/38 | 200,000 | 243,350 | |
Time Warner Entertainment 8.375% 3/15/23 | 290,000 | 305,475 |
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Communications (continued) | |||
T-Mobile USA | |||
3.00% 2/15/41 | 205,000 | $ 173,833 | |
3.375% 4/15/29 | 305,000 | 290,512 | |
144A 3.375% 4/15/29 # | 230,000 | 219,075 | |
Verizon Communications | |||
3.875% 3/1/52 | 125,000 | 125,982 | |
4.50% 8/10/33 | 425,000 | 457,120 | |
Virgin Media Secured Finance 144A 5.50% 5/15/29 # | 200,000 | 198,821 | |
6,241,042 | |||
Consumer Cyclical — 4.65% | |||
ADT Security 144A 4.875% 7/15/32 # | 139,000 | 128,164 | |
Aptiv 3.10% 12/1/51 | 569,000 | 453,628 | |
AutoNation | |||
1.95% 8/1/28 | 205,000 | 183,892 | |
2.40% 8/1/31 | 115,000 | 100,312 | |
3.85% 3/1/32 | 80,000 | 77,556 | |
Daimler Trucks Finance North America 144A 2.375% 12/14/28 # | 215,000 | 195,921 | |
Ford Motor 3.25% 2/12/32 | 135,000 | 120,799 | |
Ford Motor Credit 2.90% 2/16/28 | 200,000 | 181,179 | |
General Motors 6.60% 4/1/36 | 209,000 | 243,339 | |
General Motors Financial | |||
3.10% 1/12/32 | 35,000 | 31,501 | |
5.70% 9/30/30 μ, ψ | 150,000 | 157,718 | |
Levi Strauss & Co. 144A 3.50% 3/1/31 # | 110,000 | 100,967 | |
Lowe's 2.80% 9/15/41 | 270,000 | 232,013 | |
Prime Security Services Borrower 144A 3.375% 8/31/27 # | 42,000 | 38,480 | |
2,245,469 | |||
Consumer Non-Cyclical — 5.92% | |||
Anheuser-Busch InBev Worldwide 4.70% 2/1/36 | 330,000 | 354,824 | |
Baxter International 144A 3.132% 12/1/51 # | 255,000 | 218,835 | |
Bimbo Bakeries USA 144A 4.00% 5/17/51 # | 200,000 | 187,039 | |
Bristol-Myers Squibb 3.70% 3/15/52 | 125,000 | 126,001 | |
Bunge Finance 2.75% 5/14/31 | 290,000 | 267,279 | |
CVS Health 2.70% 8/21/40 | 394,000 | 336,944 | |
HCA 144A 3.125% 3/15/27 # | 100,000 | 97,867 | |
JBS USA LUX 144A 3.00% 2/2/29 # | 128,000 | 118,659 | |
Mozart Debt Merger Sub 144A 3.875% 4/1/29 # | 180,000 | 166,729 | |
Perrigo Finance Unlimited 4.375% 3/15/26 | 300,000 | 299,026 |
2 NQ-FL9 [3/22] 5/22 (2218554)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Consumer Non-Cyclical (continued) | |||
Royalty Pharma 3.35% 9/2/51 | 180,000 | $ 144,824 | |
Sodexo 144A 1.634% 4/16/26 # | 260,000 | 244,831 | |
Tenet Healthcare 144A 4.25% 6/1/29 # | 140,000 | 134,408 | |
Viatris 4.00% 6/22/50 | 191,000 | 161,088 | |
2,858,354 | |||
Electric — 10.05% | |||
Berkshire Hathaway Energy 2.85% 5/15/51 | 110,000 | 93,639 | |
CMS Energy 4.75% 6/1/50 μ | 190,000 | 188,575 | |
Commonwealth Edison 2.75% 9/1/51 | 195,000 | 166,575 | |
Duke Energy | |||
2.55% 6/15/31 | 200,000 | 183,170 | |
3.25% 1/15/82 μ | 95,000 | 84,283 | |
Duke Energy Carolinas 3.55% 3/15/52 | 25,000 | 24,766 | |
Edison International 5.375% 3/15/26 μ, ψ | 105,000 | 101,561 | |
Entergy Texas 3.55% 9/30/49 | 115,000 | 108,707 | |
Eversource Energy 2.90% 3/1/27 | 105,000 | 103,065 | |
Fells Point Funding Trust 144A 3.046% 1/31/27 # | 200,000 | 192,052 | |
FirstEnergy Transmission 144A 4.55% 4/1/49 # | 95,000 | 91,037 | |
IPALCO Enterprises 4.25% 5/1/30 | 145,000 | 145,470 | |
Liberty Utilities Finance GP 1 144A 2.05% 9/15/30 # | 190,000 | 166,819 | |
NextEra Energy Capital Holdings 3.00% 1/15/52 | 135,000 | 115,589 | |
NRG Energy | |||
144A 2.45% 12/2/27 # | 100,000 | 92,410 | |
144A 3.375% 2/15/29 # | 85,000 | 75,710 | |
144A 3.625% 2/15/31 # | 70,000 | 61,673 | |
144A 3.75% 6/15/24 # | 115,000 | 114,644 | |
144A 4.45% 6/15/29 # | 185,000 | 185,364 | |
Oglethorpe Power 3.75% 8/1/50 | 215,000 | 202,883 | |
Pacific Gas and Electric | |||
2.10% 8/1/27 | 275,000 | 247,561 | |
3.30% 8/1/40 | 45,000 | 36,927 | |
4.60% 6/15/43 | 135,000 | 120,259 | |
4.95% 7/1/50 | 130,000 | 122,957 | |
PacifiCorp 2.90% 6/15/52 | 580,000 | 509,386 | |
Public Service Co. of Oklahoma 3.15% 8/15/51 | 170,000 | 150,540 | |
San Diego Gas & Electric 3.32% 4/15/50 | 120,000 | 112,215 |
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Electric (continued) | |||
Southern California Edison | |||
3.45% 2/1/52 | 65,000 | $ 58,555 | |
4.125% 3/1/48 | 120,000 | 118,557 | |
4.875% 3/1/49 | 155,000 | 165,447 | |
Southwestern Electric Power 3.25% 11/1/51 | 167,000 | 144,176 | |
Union Electric 3.90% 4/1/52 | 145,000 | 150,200 | |
Vistra Operations | |||
144A 3.55% 7/15/24 # | 274,000 | 271,605 | |
144A 3.70% 1/30/27 # | 156,000 | 149,962 | |
4,856,339 | |||
Energy — 8.87% | |||
BP Capital Markets 4.875% 3/22/30 μ, ψ | 430,000 | 432,419 | |
BP Capital Markets America 2.939% 6/4/51 | 145,000 | 124,365 | |
Cheniere Corpus Christi Holdings 7.00% 6/30/24 | 305,000 | 324,679 | |
ConocoPhillips 3.80% 3/15/52 | 135,000 | 137,700 | |
Continental Resources 4.375% 1/15/28 | 395,000 | 401,051 | |
Devon Energy 4.75% 5/15/42 | 145,000 | 153,756 | |
Diamondback Energy | |||
3.125% 3/24/31 | 290,000 | 277,454 | |
4.25% 3/15/52 | 70,000 | 69,362 | |
Enbridge | |||
1.60% 10/4/26 | 120,000 | 111,091 | |
2.50% 8/1/33 | 50,000 | 44,492 | |
5.75% 7/15/80 μ | 195,000 | 202,312 | |
Energy Transfer | |||
6.25% 4/15/49 | 140,000 | 161,266 | |
6.50% 11/15/26 μ, ψ | 385,000 | 379,341 | |
Enterprise Products Operating 3.30% 2/15/53 | 175,000 | 149,892 | |
EQM Midstream Partners 144A 4.75% 1/15/31 # | 150,000 | 140,476 | |
Galaxy Pipeline Assets Bidco 144A 2.94% 9/30/40 # | 200,000 | 181,139 | |
NuStar Logistics 5.625% 4/28/27 | 153,000 | 150,024 | |
ONEOK 7.50% 9/1/23 | 290,000 | 305,084 | |
Targa Resources Partners | |||
4.00% 1/15/32 | 95,000 | 91,538 | |
4.875% 2/1/31 | 155,000 | 156,761 | |
TransCanada PipeLines 2.50% 10/12/31 | 195,000 | 177,111 | |
Valero Energy 3.65% 12/1/51 | 125,000 | 110,643 | |
4,281,956 |
NQ-FL9 [3/22] 5/22 (2218554) 3
Schedule of investments
Delaware VIP® Trust — Delaware VIP Investment Grade Series
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Finance Companies — 4.25% | |||
AerCap Ireland Capital DAC | |||
3.00% 10/29/28 | 300,000 | $ 277,238 | |
3.40% 10/29/33 | 300,000 | 269,492 | |
6.50% 7/15/25 | 150,000 | 158,970 | |
Air Lease | |||
2.875% 1/15/32 | 150,000 | 134,482 | |
4.125% 12/15/26 μ, ψ | 90,000 | 76,725 | |
Aviation Capital Group | |||
144A 1.95% 1/30/26 # | 143,000 | 131,509 | |
144A 3.50% 11/1/27 # | 300,000 | 284,458 | |
144A 5.50% 12/15/24 # | 355,000 | 365,727 | |
Avolon Holdings Funding | |||
144A 2.75% 2/21/28 # | 160,000 | 142,565 | |
144A 3.25% 2/15/27 # | 80,000 | 75,374 | |
144A 4.25% 4/15/26 # | 140,000 | 138,258 | |
2,054,798 | |||
Insurance — 5.30% | |||
Aon 2.90% 8/23/51 | 110,000 | 91,549 | |
Arthur J Gallagher & Co. 3.50% 5/20/51 | 525,000 | 468,508 | |
Athene Global Funding 144A 1.985% 8/19/28 # | 140,000 | 123,201 | |
Athene Holding | |||
3.45% 5/15/52 | 125,000 | 105,849 | |
3.95% 5/25/51 | 115,000 | 105,437 | |
Berkshire Hathaway Finance 3.85% 3/15/52 | 175,000 | 179,174 | |
Brighthouse Financial | |||
3.85% 12/22/51 | 90,000 | 75,276 | |
4.70% 6/22/47 | 288,000 | 280,849 | |
Brown & Brown 4.95% 3/17/52 | 132,000 | 141,337 | |
Centene 4.625% 12/15/29 | 115,000 | 116,132 | |
Equitable Holdings 4.95% 9/15/25 μ, ψ | 115,000 | 113,275 | |
Global Atlantic 144A 4.70% 10/15/51 #, μ | 200,000 | 189,500 | |
Hartford Financial Services Group 2.90% 9/15/51 | 135,000 | 111,468 | |
Humana 1.35% 2/3/27 | 46,000 | 41,739 | |
Jackson Financial | |||
144A 3.125% 11/23/31 # | 120,000 | 109,398 | |
144A 4.00% 11/23/51 # | 115,000 | 97,467 | |
MetLife 3.85% 9/15/25 μ, ψ | 75,000 | 74,152 | |
Prudential Financial 3.70% 10/1/50 μ | 145,000 | 133,422 | |
2,557,733 | |||
Natural Gas — 1.46% | |||
Atmos Energy 2.85% 2/15/52 | 115,000 | 98,030 |
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Natural Gas (continued) | |||
Sempra Energy | |||
4.125% 4/1/52 μ | 180,000 | $ 168,497 | |
4.875% 10/15/25 μ, ψ | 325,000 | 327,438 | |
Southern California Gas 2.95% 4/15/27 | 114,000 | 112,565 | |
706,530 | |||
Real Estate Investment Trusts — 2.60% | |||
American Homes 4 Rent 3.625% 4/15/32 | 70,000 | 68,262 | |
Corporate Office Properties | |||
2.00% 1/15/29 | 160,000 | 141,001 | |
2.75% 4/15/31 | 210,000 | 188,833 | |
CubeSmart 2.25% 12/15/28 | 130,000 | 118,242 | |
Extra Space Storage 2.35% 3/15/32 | 350,000 | 307,772 | |
Global Net Lease 144A 3.75% 12/15/27 # | 123,000 | 113,374 | |
Host Hotels & Resorts 2.90% 12/15/31 | 130,000 | 116,336 | |
MPT Operating Partnership 3.50% 3/15/31 | 130,000 | 120,954 | |
Public Storage 1.85% 5/1/28 | 85,000 | 78,321 | |
1,253,095 | |||
Technology — 6.67% | |||
Autodesk 2.40% 12/15/31 | 185,000 | 165,268 | |
Broadcom 144A 3.469% 4/15/34 # | 310,000 | 287,749 | |
Broadridge Financial Solutions 2.60% 5/1/31 | 319,000 | 289,374 | |
CDW 3.276% 12/1/28 | 565,000 | 533,233 | |
Clarivate Science Holdings 144A 3.875% 7/1/28 # | 149,000 | 142,322 | |
CoStar Group 144A 2.80% 7/15/30 # | 175,000 | 160,199 | |
Global Payments | |||
2.15% 1/15/27 | 90,000 | 84,617 | |
2.90% 11/15/31 | 340,000 | 310,180 | |
Iron Mountain Information Management Services 144A 5.00% 7/15/32 # | 160,000 | 150,239 | |
Marvell Technology | |||
1.65% 4/15/26 | 210,000 | 195,422 | |
2.45% 4/15/28 | 110,000 | 101,361 | |
Micron Technology 2.703% 4/15/32 | 105,000 | 95,221 | |
NCR 144A 5.125% 4/15/29 # | 140,000 | 134,756 | |
NXP | |||
144A 3.125% 2/15/42 # | 110,000 | 94,910 | |
144A 5.55% 12/1/28 # | 90,000 | 98,797 | |
VMware 1.80% 8/15/28 | 325,000 | 288,912 |
4 NQ-FL9 [3/22] 5/22 (2218554)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Technology (continued) | |||
Workday | |||
3.50% 4/1/27 | 20,000 | $ 20,008 | |
3.70% 4/1/29 | 35,000 | 35,110 | |
3.80% 4/1/32 | 35,000 | 34,977 | |
3,222,655 | |||
Transportation — 1.78% | |||
Air Canada 144A 3.875% 8/15/26 # | 140,000 | 132,299 | |
Burlington Northern Santa Fe 2.875% 6/15/52 | 30,000 | 26,643 | |
Canadian Pacific Railway 3.00% 12/2/41 | 100,000 | 90,169 | |
Delta Air Lines 144A 7.00% 5/1/25 # | 204,000 | 218,674 | |
Mileage Plus Holdings 144A 6.50% 6/20/27 # | 160,000 | 167,000 | |
Norfolk Southern 3.15% 6/1/27 | 95,000 | 94,493 | |
Seaspan 144A 5.50% 8/1/29 # | 120,000 | 112,447 | |
Union Pacific 3.375% 2/14/42 | 20,000 | 19,372 | |
861,097 | |||
Utilities — 0.21% | |||
Essential Utilities | |||
3.351% 4/15/50 | 100,000 | 89,284 | |
4.276% 5/1/49 | 12,000 | 12,571 | |
101,855 | |||
Total Corporate Bonds (cost $47,832,481) | 44,272,391 | ||
Municipal Bonds — 0.49% | |||
Commonwealth of Puerto Rico | |||
Series C 2.646% 11/1/43 | 35,132 | 18,928 | |
Series A12.986% 7/1/24^ | 3,620 | 3,305 | |
Series A14.00% 7/1/33 | 7,036 | 6,887 | |
Series A14.00% 7/1/35 | 6,325 | 6,122 | |
Series A14.00% 7/1/37 | 5,428 | 5,229 | |
Series A14.00% 7/1/41 | 7,380 | 7,036 | |
Series A14.00% 7/1/46 | 7,675 | 7,253 | |
Series A14.362% 7/1/33^ | 9,055 | 5,243 | |
Series A15.25% 7/1/23 | 7,858 | 8,052 | |
Series A15.375% 7/1/25 | 7,836 | 8,275 | |
Series A15.625% 7/1/27 | 7,765 | 8,490 | |
Series A15.625% 7/1/29 | 7,640 | 8,535 | |
Series A15.75% 7/1/31 | 7,420 | 8,470 | |
GDB Debt Recovery Authority of Puerto Rico 7.50% 8/20/40 | 144,213 | 135,560 | |
Total Municipal Bonds (cost $242,772) | 237,385 | ||
Principal amount° | Value (US $) | ||
Loan Agreements — 2.69% | |||
AmWINS Group 3.00% (LIBOR01M + 2.25%) 2/19/28 • | 108,625 | $ 107,030 | |
Applied Systems 1st Lien 4.00% LIBOR03M + 3.00% 9/19/24 • | 118,616 | 118,001 | |
Energizer Holdings 2.75% (LIBOR01M + 2.25%) 12/22/27 • | 118,800 | 116,573 | |
Ensemble RCM 4.049% (LIBOR03M + 3.75%) 8/3/26 • | 113,544 | 113,260 | |
Gates Global Tranche B-3 3.25% (LIBOR01M + 2.50%) 3/31/27 • | 118,500 | 117,146 | |
Horizon Therapeutics USA Tranche B-2 2.50% (LIBOR01M + 1.75%) 3/15/28 • | 108,900 | 108,002 | |
Informatica 3.25% (LIBOR01M + 2.75%) 10/27/28 • | 115,000 | 113,850 | |
Prime Security Services Borrower Tranche B-1 3.50% (LIBOR03M + 2.75%) 9/23/26 • | 97,209 | 96,594 | |
RealPage 1st Lien 3.75% LIBOR01M + 3.25% 4/24/28 • | 119,400 | 118,236 | |
Reynolds Group Holdings Tranche B-2 3.707% (LIBOR01M + 3.25%) 2/5/26 • | 113,563 | 110,764 | |
Standard Industries 3.788% (LIBOR03M + 2.50%) 9/22/28 • | 179,297 | 178,714 | |
Total Loan Agreements (cost $1,313,567) | 1,298,170 | ||
US Treasury Obligation — 0.99% | |||
US Treasury Note 1.875% 2/15/32 | 500,000 | 480,234 | |
Total US Treasury Obligation (cost $477,862) | 480,234 |
Number of shares | |||
Short-Term Investments — 2.93% | |||
Money Market Mutual Funds — 2.93% | |||
BlackRock FedFund – Institutional Shares (seven-day effective yield 0.23%) | 354,407 | 354,407 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 0.12%) | 354,406 | 354,406 | |
GS Financial Square Government Fund – Institutional Shares (seven-day effective yield 0.25%) | 354,406 | 354,406 |
NQ-FL9 [3/22] 5/22 (2218554) 5
Schedule of investments
Delaware VIP® Trust — Delaware VIP Investment Grade Series
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 0.23%) | 354,407 | $ 354,407 | |
Total Short-Term Investments (cost $1,417,626) | 1,417,626 | ||
Total Value of Securities—99.12% (cost $51,458,629) | 47,881,495 | ||
Receivables and Other Assets Net of Liabilities—0.88% | 422,961 | ||
Net Assets Applicable to 4,867,797 Shares Outstanding—100.00% | $48,304,456 |
° | 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, 2022, the aggregate value of Rule 144A securities was $11,217,223, which represents 23.22% of the Series' net assets. |
• | Variable rate investment. Rates reset periodically. Rate shown reflects the rate in effect at March 31, 2022. 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. |
μ | Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at March 31, 2022. Rate will reset at a future date. |
ψ | Perpetual security. Maturity date represents next call date. |
^ | Zero-coupon security. The rate shown is the effective yield at the time of purchase. |
Summary of abbreviations: |
DAC – Designated Activity Company |
GS – Goldman Sachs |
ICE – Intercontinental Exchange, Inc. |
LIBOR – London Interbank Offered Rate |
LIBOR01M – ICE LIBOR USD 1 Month |
LIBOR03M – ICE LIBOR USD 3 Month |
LIBOR06M – ICE LIBOR USD 6 Month |
REMIC – Real Estate Mortgage Investment Conduit |
SOFR – Secured Overnight Financing Rate |
USD – US Dollar |
6 NQ-FL9 [3/22] 5/22 (2218554)