Schedule of investments
Delaware VIP® Trust — Delaware VIP Total Return Series
March 31, 2022 (Unaudited)
Principal amount° | Value (US $) | ||
Convertible Bonds — 6.20% | |||
Advertising — 0.13% | |||
Quotient Technology 1.75% exercise price $17.36, maturity date 12/1/22 | 68,000 | $ 67,068 | |
67,068 | |||
Aerospace/Defense — 0.18% | |||
Kaman 3.25% exercise price $65.26, maturity date 5/1/24 | 92,000 | 94,880 | |
94,880 | |||
Auto Manufacturers — 0.15% | |||
Ford Motor 0.00% exercise price $17.31, maturity date 3/15/26 ^ | 66,000 | 78,342 | |
78,342 | |||
Basic Industry — 0.13% | |||
Ivanhoe Mines 144A 2.50% exercise price $7.43, maturity date 4/15/26 # | 48,000 | 69,024 | |
69,024 | |||
Biotechnology — 0.16% | |||
Travere Therapeutics 2.50% exercise price $38.80, maturity date 9/15/25 | 77,000 | 80,465 | |
80,465 | |||
Capital Goods — 0.03% | |||
Danimer Scientific 144A 3.25% exercise price $10.79, maturity date 12/15/26 # | 20,000 | 16,450 | |
16,450 | |||
Commercial Services — 0.32% | |||
Block 0.125% exercise price $121.01, maturity date 3/1/25 | 54,000 | 71,044 | |
FTI Consulting 2.00% exercise price $101.38, maturity date 8/15/23 | 60,000 | 95,575 | |
166,619 | |||
Communications — 0.76% | |||
Cable One 1.125% exercise price $2,275.83, maturity date 3/15/28 | 113,000 | 101,587 | |
InterDigital 2.00% exercise price $81.29, maturity date 6/1/24 | 120,000 | 123,600 | |
Liberty Broadband 144A 1.25% exercise price $900.01, maturity date 9/30/50 # | 125,000 | 120,312 |
Principal amount° | Value (US $) | ||
Convertible Bonds (continued) | |||
Communications (continued) | |||
Liberty Latin America 2.00% exercise price $20.65, maturity date 7/15/24 | 51,000 | $ 46,506 | |
392,005 | |||
Consumer Cyclical — 0.39% | |||
Cheesecake Factory 0.375% exercise price $78.40, maturity date 6/15/26 | 85,000 | 76,500 | |
fuboTV 144A 3.25% exercise price $57.78, maturity date 2/15/26 # | 66,000 | 44,781 | |
Spirit Airlines 1.00% exercise price $49.07, maturity date 5/15/26 | 86,000 | 77,572 | |
198,853 | |||
Consumer Non-Cyclical — 1.08% | |||
BioMarin Pharmaceutical 0.599% exercise price $124.67, maturity date 8/1/24 | 35,000 | 35,070 | |
Chegg 3.90% exercise price $107.55, maturity date 9/1/26 ^ | 127,000 | 104,394 | |
Collegium Pharmaceutical 2.625% exercise price $29.19, maturity date 2/15/26 | 68,000 | 67,966 | |
Integra LifeSciences Holdings 0.50% exercise price $73.67, maturity date 8/15/25 | 106,000 | 111,745 | |
Ionis Pharmaceuticals 0.125% exercise price $83.28, maturity date 12/15/24 | 74,000 | 66,711 | |
Jazz Investments I 2.00% exercise price $155.81, maturity date 6/15/26 | 45,000 | 54,784 | |
Repay Holdings 144A 0.369% exercise price $33.60, maturity date 2/1/26 #, ^ | 137,000 | 114,669 | |
555,339 | |||
Electric — 0.23% | |||
NextEra Energy Partners 144A 0.357% exercise price $75.96, maturity date 11/15/25 #, ^ | 35,000 | 39,773 | |
NRG Energy 2.75% exercise price $44.53, maturity date 6/1/48 | 70,000 | 77,069 | |
116,842 |
NQ-FL7 [3/22] 5/22 (2218547) 1
Schedule of investments
Delaware VIP® Trust — Delaware VIP Total Return Series
Principal amount° | Value (US $) | ||
Convertible Bonds (continued) | |||
Electronics — 0.08% | |||
Vishay Intertechnology 2.25% exercise price $31.30, maturity date 6/15/25 | 43,000 | $ 42,948 | |
42,948 | |||
Energy — 0.24% | |||
Helix Energy Solutions Group 6.75% exercise price $6.97, maturity date 2/15/26 | 110,000 | 126,577 | |
126,577 | |||
Food — 0.25% | |||
Chefs' Warehouse 1.875% exercise price $44.20, maturity date 12/1/24 | 120,000 | 126,900 | |
126,900 | |||
Internet — 0.22% | |||
Palo Alto Networks 0.75% exercise price $266.35, maturity date 7/1/23 | 49,000 | 114,807 | |
114,807 | |||
Machinery-Diversified — 0.24% | |||
Chart Industries 144A 1.00% exercise price $58.73, maturity date 11/15/24 # | 42,000 | 123,795 | |
123,795 | |||
Media — 0.21% | |||
DISH Network 3.375% exercise price $65.18, maturity date 8/15/26 | 120,000 | 108,240 | |
108,240 | |||
Pharmaceuticals — 0.29% | |||
Neurocrine Biosciences 2.25% exercise price $75.92, maturity date 5/15/24 | 28,000 | 36,960 | |
Paratek Pharmaceuticals 4.75% exercise price $15.90, maturity date 5/1/24 | 126,000 | 111,573 | |
148,533 | |||
Real Estate Investment Trusts — 0.22% | |||
Blackstone Mortgage Trust 4.75% exercise price $36.23, maturity date 3/15/23 | 79,000 | 80,659 | |
Summit Hotel Properties 1.50% exercise price $11.99, maturity date 2/15/26 | 30,000 | 31,530 | |
112,189 |
Principal amount° | Value (US $) | ||
Convertible Bonds (continued) | |||
Semiconductors — 0.30% | |||
Microchip Technology 1.625% exercise price $46.63, maturity date 2/15/27 | 52,000 | $ 111,767 | |
Wolfspeed 144A 0.25% exercise price $127.22, maturity date 2/15/28 # | 38,000 | 43,154 | |
154,921 | |||
Technology — 0.38% | |||
Coherus Biosciences 1.50% exercise price $19.26, maturity date 4/15/26 | 66,000 | 65,657 | |
ON Semiconductor 1.625% exercise price $20.72, maturity date 10/15/23 | 43,000 | 130,161 | |
195,818 | |||
Transportation — 0.21% | |||
Seaspan 144A 3.75% exercise price $13.01, maturity date 12/15/25 # | 88,000 | 109,692 | |
109,692 | |||
Total Convertible Bonds (cost $2,914,699) | 3,200,307 | ||
Corporate Bonds — 7.70% | |||
Aerospace/Defense — 0.08% | |||
TransDigm 144A 6.25% 3/15/26 # | 40,000 | 41,115 | |
41,115 | |||
Auto Manufacturers — 0.11% | |||
Allison Transmission 144A 5.875% 6/1/29 # | 55,000 | 56,188 | |
56,188 | |||
Basic Industry — 0.25% | |||
Allegheny Technologies 5.125% 10/1/31 | 15,000 | 14,093 | |
Artera Services 144A 9.033% 12/4/25 # | 25,000 | 25,010 | |
Avient 144A 5.75% 5/15/25 # | 17,000 | 17,481 | |
Chemours 144A 5.75% 11/15/28 # | 35,000 | 34,046 | |
New Gold 144A 7.50% 7/15/27 # | 35,000 | 36,353 | |
126,983 | |||
Capital Goods — 0.20% | |||
Intertape Polymer Group 144A 4.375% 6/15/29 # | 35,000 | 36,093 | |
Madison IAQ 144A 5.875% 6/30/29 # | 30,000 | 26,967 |
2 NQ-FL7 [3/22] 5/22 (2218547)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Capital Goods (continued) | |||
Terex 144A 5.00% 5/15/29 # | 40,000 | $ 38,413 | |
101,473 | |||
Chemicals — 0.04% | |||
Olin 5.00% 2/1/30 | 20,000 | 19,842 | |
19,842 | |||
Commercial Services — 0.16% | |||
NESCO Holdings II 144A 5.50% 4/15/29 # | 15,000 | 14,756 | |
Prime Security Services Borrower 144A 5.75% 4/15/26 # | 65,000 | 66,385 | |
81,141 | |||
Communications — 0.56% | |||
Altice France 144A 5.50% 10/15/29 # | 35,000 | 31,452 | |
Consolidated Communications | |||
144A 5.00% 10/1/28 # | 20,000 | 17,251 | |
144A 6.50% 10/1/28 # | 20,000 | 18,478 | |
Frontier Communications Holdings | |||
144A 5.875% 10/15/27 # | 55,000 | 54,700 | |
144A 6.75% 5/1/29 # | 20,000 | 19,228 | |
Sprint 7.125% 6/15/24 | 75,000 | 80,535 | |
T-Mobile USA | |||
2.625% 4/15/26 | 20,000 | 19,128 | |
3.375% 4/15/29 | 20,000 | 19,050 | |
3.50% 4/15/31 | 15,000 | 14,138 | |
Zayo Group Holdings 144A 6.125% 3/1/28 # | 15,000 | 13,455 | |
287,415 | |||
Consumer Cyclical — 0.89% | |||
Asbury Automotive Group | |||
144A 4.625% 11/15/29 # | 30,000 | 27,974 | |
4.75% 3/1/30 | 15,000 | 14,176 | |
Caesars Entertainment 144A 6.25% 7/1/25 # | 75,000 | 77,529 | |
Carnival | |||
144A 5.75% 3/1/27 # | 75,000 | 71,625 | |
144A 7.625% 3/1/26 # | 50,000 | 50,385 | |
Fertitta Entertainment 144A 6.75% 1/15/30 # | 25,000 | 23,031 | |
Levi Strauss & Co. 144A 3.50% 3/1/31 # | 32,000 | 29,372 | |
MGM Growth Properties Operating Partnership 144A 3.875% 2/15/29 # | 35,000 | 34,454 | |
Murphy Oil USA 144A 3.75% 2/15/31 # | 35,000 | 32,011 | |
Royal Caribbean Cruises 144A 5.50% 4/1/28 # | 75,000 | 71,600 |
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Consumer Cyclical (continued) | |||
Six Flags Entertainment 144A 4.875% 7/31/24 # | 25,000 | $ 25,030 | |
457,187 | |||
Diversified Financial Services — 0.13% | |||
Ally Financial 8.00% 11/1/31 | 35,000 | 43,982 | |
NFP 144A 6.875% 8/15/28 # | 25,000 | 23,907 | |
67,889 | |||
Electric — 0.03% | |||
Calpine 144A 5.25% 6/1/26 # | 16,000 | 16,101 | |
16,101 | |||
Energy — 0.55% | |||
Callon Petroleum 144A 8.00% 8/1/28 # | 10,000 | 10,559 | |
CNX Midstream Partners 144A 4.75% 4/15/30 # | 15,000 | 14,064 | |
Crestwood Midstream Partners 144A 6.00% 2/1/29 # | 31,000 | 30,948 | |
DCP Midstream Operating 5.125% 5/15/29 | 55,000 | 56,677 | |
EQM Midstream Partners 144A 4.75% 1/15/31 # | 25,000 | 23,413 | |
Genesis Energy | |||
7.75% 2/1/28 | 60,000 | 60,408 | |
8.00% 1/15/27 | 35,000 | 36,044 | |
TechnipFMC 144A 6.50% 2/1/26 # | 47,000 | 48,790 | |
Weatherford International 144A 8.625% 4/30/30 # | 2,000 | 2,033 | |
282,936 | |||
Entertainment — 0.07% | |||
Scientific Games International | |||
144A 7.25% 11/15/29 # | 13,000 | 13,645 | |
144A 8.25% 3/15/26 # | 24,000 | 24,990 | |
38,635 | |||
Financials — 0.30% | |||
Castlelake Aviation Finance DAC 144A 5.00% 4/15/27 # | 35,000 | 31,310 | |
Hightower Holding 144A 6.75% 4/15/29 # | 30,000 | 29,397 | |
Mozart Debt Merger Sub 144A 3.875% 4/1/29 # | 20,000 | 18,526 | |
MSCI 144A 3.625% 11/1/31 # | 30,000 | 28,284 | |
VistaJet Malta Finance 144A 6.375% 2/1/30 # | 50,000 | 47,110 | |
154,627 | |||
Food — 0.22% | |||
JBS USA LUX 144A 6.50% 4/15/29 # | 48,000 | 50,942 |
NQ-FL7 [3/22] 5/22 (2218547) 3
Schedule of investments
Delaware VIP® Trust — Delaware VIP Total Return Series
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Food (continued) | |||
Pilgrim's Pride 144A 4.25% 4/15/31 # | 25,000 | $ 23,178 | |
Post Holdings 144A 5.50% 12/15/29 # | 43,000 | 41,440 | |
115,560 | |||
Healthcare — 0.62% | |||
Avantor Funding 144A 3.875% 11/1/29 # | 75,000 | 70,600 | |
Bausch Health 144A 6.25% 2/15/29 # | 75,000 | 61,620 | |
CHS 144A 4.75% 2/15/31 # | 30,000 | 28,392 | |
DaVita 144A 4.625% 6/1/30 # | 30,000 | 28,056 | |
Encompass Health 4.75% 2/1/30 | 30,000 | 28,850 | |
Ortho-Clinical Diagnostics | |||
144A 7.25% 2/1/28 # | 21,000 | 21,657 | |
144A 7.375% 6/1/25 # | 24,000 | 24,756 | |
Tenet Healthcare | |||
144A 4.375% 1/15/30 # | 15,000 | 14,418 | |
144A 6.125% 10/1/28 # | 40,000 | 40,694 | |
319,043 | |||
Healthcare-Services — 0.21% | |||
Hadrian Merger Sub 144A 8.50% 5/1/26 # | 40,000 | 40,312 | |
HCA | |||
5.375% 2/1/25 | 30,000 | 31,252 | |
5.875% 2/15/26 | 35,000 | 37,264 | |
108,828 | |||
Insurance — 0.19% | |||
AmWINS Group 144A 4.875% 6/30/29 # | 20,000 | 19,226 | |
HUB International 144A 5.625% 12/1/29 # | 26,000 | 24,879 | |
USI 144A 6.875% 5/1/25 # | 55,000 | 55,275 | |
99,380 | |||
Media — 1.17% | |||
AMC Networks 4.25% 2/15/29 | 65,000 | 60,742 | |
CCO Holdings | |||
4.50% 5/1/32 | 90,000 | 82,449 | |
144A 5.375% 6/1/29 # | 30,000 | 30,053 | |
Clear Channel Outdoor Holdings 144A 7.50% 6/1/29 # | 25,000 | 24,976 | |
CSC Holdings 144A 5.75% 1/15/30 # | 200,000 | 178,345 | |
Cumulus Media New Holdings 144A 6.75% 7/1/26 # | 36,000 | 36,049 | |
Directv Financing 144A 5.875% 8/15/27 # | 25,000 | 24,627 | |
Gray Escrow II 144A 5.375% 11/15/31 # | 25,000 | 23,938 |
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Media (continued) | |||
Nielsen Finance | |||
144A 4.50% 7/15/29 # | 10,000 | $ 9,997 | |
144A 4.75% 7/15/31 # | 30,000 | 30,029 | |
Sirius XM Radio 144A 4.00% 7/15/28 # | 70,000 | 66,595 | |
Terrier Media Buyer 144A 8.875% 12/15/27 # | 35,000 | 35,655 | |
603,455 | |||
Mining — 0.13% | |||
Freeport-McMoRan 5.45% 3/15/43 | 62,000 | 69,552 | |
69,552 | |||
Oil & Gas — 0.74% | |||
Ascent Resources Utica Holdings | |||
144A 5.875% 6/30/29 # | 35,000 | 34,651 | |
144A 7.00% 11/1/26 # | 20,000 | 20,544 | |
CNX Resources | |||
144A 6.00% 1/15/29 # | 35,000 | 35,396 | |
144A 7.25% 3/14/27 # | 20,000 | 21,194 | |
Continental Resources 4.375% 1/15/28 | 50,000 | 50,766 | |
Murphy Oil 6.375% 7/15/28 | 65,000 | 67,711 | |
Occidental Petroleum | |||
6.45% 9/15/36 | 10,000 | 11,766 | |
6.60% 3/15/46 | 35,000 | 41,199 | |
6.625% 9/1/30 | 20,000 | 22,975 | |
PDC Energy 5.75% 5/15/26 | 43,000 | 43,657 | |
Southwestern Energy 7.75% 10/1/27 | 33,000 | 34,975 | |
384,834 | |||
Pipelines — 0.15% | |||
Crestwood Midstream Partners 144A 5.625% 5/1/27 # | 11,000 | 10,922 | |
NuStar Logistics 5.625% 4/28/27 | 30,000 | 29,416 | |
Western Midstream Operating 4.75% 8/15/28 | 35,000 | 36,189 | |
76,527 | |||
Real Estate Investment Trusts — 0.10% | |||
Iron Mountain 144A 5.25% 3/15/28 # | 55,000 | 54,356 | |
54,356 | |||
Retail — 0.13% | |||
Bath & Body Works | |||
6.875% 11/1/35 | 35,000 | 36,117 | |
6.95% 3/1/33 | 29,000 | 30,010 | |
66,127 | |||
Services — 0.15% | |||
United Rentals North America 3.875% 2/15/31 | 56,000 | 52,868 |
4 NQ-FL7 [3/22] 5/22 (2218547)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Services (continued) | |||
Univar Solutions USA 144A 5.125% 12/1/27 # | 25,000 | $ 25,024 | |
77,892 | |||
Software — 0.08% | |||
SS&C Technologies 144A 5.50% 9/30/27 # | 40,000 | 40,350 | |
40,350 | |||
Technology & Electronics — 0.07% | |||
Go Daddy Operating 144A 3.50% 3/1/29 # | 40,000 | 36,838 | |
36,838 | |||
Transportation — 0.15% | |||
Delta Air Lines 7.375% 1/15/26 | 24,000 | 26,090 | |
Seaspan 144A 5.50% 8/1/29 # | 17,000 | 15,930 | |
United Airlines | |||
144A 4.375% 4/15/26 # | 15,000 | 14,775 | |
144A 4.625% 4/15/29 # | 20,000 | 19,045 | |
75,840 | |||
Utilities — 0.22% | |||
Calpine | |||
144A 4.50% 2/15/28 # | 16,000 | 15,635 | |
144A 5.00% 2/1/31 # | 35,000 | 31,910 | |
PG&E 5.25% 7/1/30 | 20,000 | 19,424 | |
Vistra | |||
144A 7.00% 12/15/26 #, μ, ψ | 30,000 | 29,259 | |
144A 8.00% 10/15/26 #, μ, ψ | 15,000 | 15,169 | |
111,397 | |||
Total Corporate Bonds (cost $4,169,594) | 3,971,511 | ||
US Treasury Obligations — 15.15% | |||
US Treasury Bonds | |||
1.375% 8/15/50 | 200,000 | 154,156 | |
1.875% 2/15/51 | 245,000 | 214,385 | |
2.25% 8/15/49 | 150,000 | 142,816 | |
2.25% 2/15/52 | 20,000 | 19,188 | |
2.50% 2/15/45 | 65,000 | 63,370 | |
2.50% 2/15/46 | 80,000 | 78,405 | |
2.875% 5/15/43 | 80,000 | 82,898 | |
3.00% 5/15/42 | 60,000 | 63,607 | |
3.00% 2/15/47 | 95,000 | 102,307 | |
3.00% 8/15/48 | 135,000 | 147,532 | |
3.125% 11/15/41 | 150,000 | 161,868 | |
3.375% 5/15/44 | 75,000 | 84,300 | |
4.25% 11/15/40 | 120,000 | 150,077 | |
4.375% 11/15/39 | 30,000 | 38,170 | |
4.50% 5/15/38 | 15,000 | 19,262 | |
5.00% 5/15/37 | 25,000 | 33,466 |
Principal amount° | Value (US $) | ||
US Treasury Obligations (continued) | |||
US Treasury Notes | |||
0.625% 12/31/27 | 565,000 | $ 509,515 | |
1.00% 7/31/28 | 800,000 | 732,141 | |
1.125% 2/15/31 | 195,000 | 176,125 | |
1.50% 2/15/30 | 255,000 | 239,122 | |
1.875% 2/28/29 | 230,000 | 222,076 | |
2.125% 5/31/26 | 955,000 | 940,246 | |
2.75% 2/15/24 | 2,180,000 | 2,197,244 | |
2.875% 5/31/25 | 905,000 | 914,439 | |
5.375% 2/15/31 | 265,000 | 329,428 | |
Total US Treasury Obligations (cost $8,122,719) | 7,816,143 |
Number of shares | |||
Common Stocks — 62.45% | |||
Advertising — 0.11% | |||
Publicis Groupe | 950 | 57,659 | |
57,659 | |||
Aerospace/Defense — 1.63% | |||
Lockheed Martin | 496 | 218,934 | |
Northrop Grumman | 700 | 313,054 | |
Raytheon Technologies | 3,139 | 310,981 | |
842,969 | |||
Agriculture — 1.68% | |||
Altria Group | 5,195 | 271,439 | |
Archer-Daniels-Midland | 3,600 | 324,936 | |
Philip Morris International | 2,878 | 270,359 | |
866,734 | |||
Apparel — 0.60% | |||
adidas AG | 495 | 115,348 | |
NIKE Class B | 1,436 | 193,228 | |
308,576 | |||
Auto Manufacturers — 0.33% | |||
Tesla † | 158 | 170,261 | |
170,261 | |||
Banks — 1.16% | |||
Truist Financial | 5,300 | 300,510 | |
US Bancorp | 5,600 | 297,640 | |
598,150 | |||
Beverages — 0.43% | |||
Asahi Group Holdings | 800 | 29,136 | |
Diageo | 3,760 | 190,725 | |
219,861 | |||
Biotechnology — 0.23% | |||
Amgen | 186 | 44,979 |
NQ-FL7 [3/22] 5/22 (2218547) 5
Schedule of investments
Delaware VIP® Trust — Delaware VIP Total Return Series
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Biotechnology (continued) | |||
Gilead Sciences | 1,276 | $ 75,858 | |
120,837 | |||
Chemicals — 1.20% | |||
Air Liquide | 885 | 154,825 | |
Dow | 2,439 | 155,413 | |
DuPont de Nemours | 4,200 | 309,036 | |
619,274 | |||
Commercial Services — 0.87% | |||
Amadeus IT Group † | 2,690 | 174,899 | |
Intertek Group | 990 | 67,535 | |
S&P Global | 259 | 106,236 | |
Securitas Class B | 8,960 | 101,081 | |
449,751 | |||
Communications — 3.48% | |||
AT&T | 11,520 | 272,217 | |
Cisco Systems | 9,563 | 533,233 | |
KDDI | 2,800 | 91,803 | |
Motorola Solutions | 1,300 | 314,860 | |
Orange | 5,100 | 60,391 | |
Verizon Communications | 10,277 | 523,510 | |
1,796,014 | |||
Computers — 4.38% | |||
Apple | 7,699 | 1,344,323 | |
Cognizant Technology Solutions Class A | 3,478 | 311,872 | |
HP | 6,814 | 247,348 | |
International Business Machines | 1,039 | 135,091 | |
NetApp | 2,679 | 222,357 | |
2,260,991 | |||
Cosmetics/Personal Care — 0.37% | |||
Essity Class B | 4,040 | 95,340 | |
Kao | 2,400 | 97,994 | |
193,334 | |||
Diversified Financial Services — 2.52% | |||
Ameriprise Financial | 587 | 176,311 | |
BlackRock | 314 | 239,949 | |
Diamond Hill Investment Group | 300 | 56,190 | |
Discover Financial Services | 3,278 | 361,203 | |
Invesco | 6,178 | 142,465 | |
Synchrony Financial | 3,659 | 127,370 | |
Western Union | 10,388 | 194,671 | |
1,298,159 | |||
Electric — 1.03% | |||
Edison International | 4,700 | 329,470 | |
NRG Energy | 1,430 | 54,855 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Electric (continued) | |||
Vistra | 6,381 | $ 148,358 | |
532,683 | |||
Electronics — 0.64% | |||
Honeywell International | 1,686 | 328,062 | |
328,062 | |||
Energy-Alternate Sources — 0.04% | |||
Enphase Energy † | 95 | 19,169 | |
19,169 | |||
Food — 1.81% | |||
Conagra Brands | 9,900 | 332,343 | |
Danone | 1,760 | 97,228 | |
Kellogg | 2,013 | 129,818 | |
Koninklijke Ahold Delhaize | 3,690 | 118,691 | |
Nestle | 1,400 | 182,026 | |
Seven & i Holdings | 1,500 | 71,516 | |
931,622 | |||
Food Service — 0.23% | |||
Sodexo | 1,460 | 118,809 | |
118,809 | |||
Hand/Machine Tools — 0.10% | |||
Makita | 1,700 | 54,394 | |
54,394 | |||
Healthcare-Products — 1.09% | |||
Baxter International | 4,100 | 317,914 | |
Hologic † | 1,174 | 90,187 | |
Smith & Nephew | 9,670 | 153,800 | |
561,901 | |||
Healthcare-Services — 0.76% | |||
Fresenius Medical Care AG & Co. | 1,840 | 123,300 | |
Molina Healthcare † | 484 | 161,457 | |
UnitedHealth Group | 212 | 108,114 | |
392,871 | |||
Home builders — 0.10% | |||
PulteGroup | 1,262 | 52,878 | |
52,878 | |||
Home Furnishings — 0.12% | |||
Ethan Allen Interiors | 2,430 | 63,350 | |
63,350 | |||
Insurance — 3.19% | |||
American Financial Group | 1,603 | 233,429 | |
American International Group | 5,200 | 326,404 | |
MetLife | 8,159 | 573,415 | |
Principal Financial Group | 3,313 | 243,207 | |
Prudential Financial | 2,276 | 268,955 | |
1,645,410 |
6 NQ-FL7 [3/22] 5/22 (2218547)
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Internet — 2.06% | |||
Alphabet Class A † | 57 | $ 158,537 | |
Alphabet Class C † | 71 | 198,302 | |
Amazon.com † | 150 | 488,993 | |
eBay | 1,482 | 84,859 | |
Meta Platforms Class A † | 602 | 133,861 | |
1,064,552 | |||
Machinery-Diversified — 0.60% | |||
Dover | 1,991 | 312,388 | |
312,388 | |||
Media — 1.23% | |||
Comcast Class A | 6,683 | 312,898 | |
Walt Disney † | 2,342 | 321,229 | |
634,127 | |||
Miscellaneous Manufacturing — 0.19% | |||
Knorr-Bremse | 750 | 57,493 | |
Sturm Ruger & Co. | 588 | 40,936 | |
98,429 | |||
Oil & Gas — 2.96% | |||
Chevron | 927 | 150,943 | |
ConocoPhillips | 6,195 | 619,500 | |
Devon Energy | 2,182 | 129,022 | |
EOG Resources | 625 | 74,519 | |
Exxon Mobil | 4,579 | 378,180 | |
Marathon Petroleum | 2,081 | 177,925 | |
1,530,089 | |||
Pharmaceuticals — 7.13% | |||
AbbVie | 2,231 | 361,667 | |
AmerisourceBergen | 1,674 | 258,985 | |
Bristol-Myers Squibb | 4,231 | 308,990 | |
Cigna | 1,300 | 311,493 | |
CVS Health | 2,900 | 293,509 | |
Eli Lilly & Co. | 27 | 7,732 | |
Johnson & Johnson | 4,258 | 754,645 | |
Merck & Co. | ��� 7,371 | 604,791 | |
Novo Nordisk Class B | 1,450 | 160,828 | |
Pfizer | 6,757 | 349,810 | |
Roche Holding | 300 | 118,699 | |
Viatris | 13,748 | 149,578 | |
3,680,727 | |||
Pipelines — 0.80% | |||
Kinder Morgan | 12,747 | 241,046 | |
Williams | 5,130 | 171,393 | |
412,439 | |||
Private Equity — 0.45% | |||
Blackstone | 1,816 | 230,523 | |
230,523 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
REIT Diversified — 0.84% | |||
Digital Realty Trust | 409 | $ 57,996 | |
Duke Realty | 842 | 48,887 | |
Equinix | 105 | 77,870 | |
LXP Industrial Trust | 1,771 | 27,805 | |
New Residential Investment | 7,109 | 78,057 | |
VICI Properties | 4,992 | 142,072 | |
432,687 | |||
REIT Healthcare — 0.45% | |||
CareTrust REIT | 881 | 17,003 | |
Healthcare Trust of America Class A | 924 | 28,958 | |
Healthpeak Properties | 271 | 9,303 | |
Medical Properties Trust | 1,221 | 25,812 | |
Omega Healthcare Investors | 2,516 | 78,399 | |
Ventas | 131 | 8,091 | |
Welltower | 655 | 62,972 | |
230,538 | |||
REIT Hotel — 0.13% | |||
Apple Hospitality | 1,679 | 30,171 | |
Chatham Lodging Trust † | 1,057 | 14,576 | |
Gaming and Leisure Properties | 430 | 20,180 | |
64,927 | |||
REIT Industrial — 0.42% | |||
Plymouth Industrial REIT | 199 | 5,393 | |
Prologis | 1,191 | 192,323 | |
Rexford Industrial Realty | 28 | 2,088 | |
Terreno Realty | 223 | 16,513 | |
216,317 | |||
REIT Mall — 0.09% | |||
Simon Property Group | 346 | 45,520 | |
45,520 | |||
REIT Manufactured Housing — 0.12% | |||
Equity LifeStyle Properties | 254 | 19,426 | |
Sun Communities | 239 | 41,894 | |
61,320 | |||
REIT Multifamily — 1.15% | |||
American Campus Communities | 56 | 3,134 | |
American Homes 4 Rent Class A | 463 | 18,534 | |
AvalonBay Communities | 172 | 42,720 | |
Camden Property Trust | 154 | 25,595 | |
Equity Residential | 4,131 | 371,459 | |
Essex Property Trust | 159 | 54,931 | |
Invitation Homes | 1,262 | 50,707 | |
Mid-America Apartment Communities | 86 | 18,013 | |
UDR | 113 | 6,483 | |
591,576 |
NQ-FL7 [3/22] 5/22 (2218547) 7
Schedule of investments
Delaware VIP® Trust — Delaware VIP Total Return Series
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
REIT Office — 0.27% | |||
Alexandria Real Estate Equities | 272 | $ 54,740 | |
Boston Properties | 49 | 6,311 | |
City Office REIT | 119 | 2,101 | |
Cousins Properties | 473 | 19,057 | |
Douglas Emmett | 121 | 4,044 | |
Highwoods Properties | 582 | 26,621 | |
Kilroy Realty | 212 | 16,201 | |
Piedmont Office Realty Trust Class A | 617 | 10,625 | |
139,700 | |||
REIT Self-Storage — 0.44% | |||
CubeSmart | 283 | 14,724 | |
Extra Space Storage | 276 | 56,746 | |
Life Storage | 259 | 36,371 | |
National Storage Affiliates Trust | 283 | 17,761 | |
Public Storage | 257 | 100,302 | |
225,904 | |||
REIT Shopping Center — 0.32% | |||
Brixmor Property Group | 1,259 | 32,495 | |
Kimco Realty | 883 | 21,810 | |
Kite Realty Group Trust | 733 | 16,690 | |
Phillips Edison & Co. | 684 | 23,523 | |
Regency Centers | 364 | 25,968 | |
Retail Opportunity Investments | 1,221 | 23,675 | |
SITE Centers | 768 | 12,833 | |
Urban Edge Properties | 379 | 7,239 | |
164,233 | |||
REIT Single Tenant — 0.26% | |||
Agree Realty | 187 | 12,409 | |
Essential Properties Realty Trust | 510 | 12,903 | |
Four Corners Property Trust | 586 | 15,845 | |
National Retail Properties | 158 | 7,101 | |
Orion Office REIT | 47 | 658 | |
Realty Income | 600 | 41,580 | |
Spirit Realty Capital | 465 | 21,399 | |
STORE Capital | 734 | 21,455 | |
133,350 | |||
REIT Specialty — 0.21% | |||
EPR Properties | 36 | 1,970 | |
Iron Mountain | 1,542 | 85,442 | |
Lamar Advertising Class A | 65 | 7,552 | |
Outfront Media | 138 | 3,923 | |
WP Carey | 88 | 7,114 | |
106,001 | |||
Retail — 5.69% | |||
Bath & Body Works | 2,776 | 132,693 | |
Best Buy | 1,991 | 180,982 | |
Buckle | 4,700 | 155,288 | |
Dollar General | 1,451 | 323,036 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Retail (continued) | |||
Dollar Tree † | 2,000 | $ 320,300 | |
H & M Hennes & Mauritz Class B | 3,110 | 41,760 | |
Home Depot | 1,036 | 310,106 | |
Lowe's | 1,244 | 251,524 | |
Ross Stores | 1,992 | 180,196 | |
Swatch Group | 500 | 141,762 | |
TJX | 8,583 | 519,958 | |
Tractor Supply | 1,066 | 248,773 | |
Ulta Beauty † | 320 | 127,430 | |
2,933,808 | |||
Semiconductors — 3.52% | |||
Advanced Micro Devices † | 2,037 | 222,726 | |
Applied Materials | 505 | 66,559 | |
Broadcom | 1,056 | 664,942 | |
KLA | 159 | 58,203 | |
Lam Research | 378 | 203,217 | |
Monolithic Power Systems | 449 | 218,070 | |
NVIDIA | 528 | 144,070 | |
QUALCOMM | 1,579 | 241,303 | |
1,819,090 | |||
Software — 5.02% | |||
Adobe † | 571 | 260,159 | |
Dropbox Class A † | 4,855 | 112,879 | |
Fidelity National Information Services | 3,264 | 327,771 | |
Microsoft | 3,773 | 1,163,254 | |
Oracle | 3,800 | 314,374 | |
Paychex | 1,946 | 265,570 | |
Paycom Software † | 107 | 37,063 | |
SAP | 1,000 | 110,828 | |
2,591,898 | |||
Total Common Stocks (cost $27,953,059) | 32,223,862 | ||
Convertible Preferred Stock — 1.53% | |||
2020 Mandatory Exchangeable Trust 144A 6.50% exercise price $47.09, maturity date 5/16/23 # | 72 | 70,380 | |
Algonquin Power & Utilities 7.75% exercise price $18.00, maturity date 6/15/24 | 815 | 40,391 | |
AMG Capital Trust II 5.15% exercise price $195.47, maturity date 10/15/37 | 949 | 50,743 | |
Bank of America 7.25% exercise price $50.00 ω | 62 | 81,375 | |
El Paso Energy Capital Trust I 4.75% exercise price $34.49, maturity date 3/31/28 | 2,164 | 107,767 |
8 NQ-FL7 [3/22] 5/22 (2218547)
Number of shares | Value (US $) | ||
Convertible Preferred Stock (continued) | |||
Elanco Animal Health 5.00% exercise price $38.40, maturity date 2/1/23 | 1,154 | $ 47,014 | |
Essential Utilities 6.00% exercise price $42.19, maturity date 4/30/22 | 1,750 | 107,083 | |
Lyondellbasell Advanced Polymers 6.00% exercise price $52.33 ω | 78 | 72,774 | |
RBC Bearings 5.00% exercise price $226.60, maturity date 10/15/24 | 841 | 83,865 | |
UGI 7.25% exercise price $52.57, maturity date 6/1/24 | 864 | 77,760 | |
Wells Fargo & Co. Non Voting Shares 7.50% exercise price $156.71 ω | 39 | 51,675 | |
Total Convertible Preferred Stock (cost $804,267) | 790,827 | ||
Exchange-Traded Funds — 5.22% | |||
iShares Core MSCI Emerging Markets ETF | 23,930 | 1,329,311 | |
iShares Global Infrastructure ETF | 26,263 | 1,335,736 | |
iShares MSCI EAFE ETF | 10 | 736 | |
iShares Trust iShares ESG Aware MSCI EAFE ETF | 360 | 26,543 | |
Vanguard FTSE Developed Markets ETF | 50 | 2,402 | |
Total Exchange-Traded Funds (cost $2,745,419) | 2,694,728 | ||
Short-Term Investments — 1.30% | |||
Money Market Mutual Funds — 1.30% | |||
BlackRock FedFund – Institutional Shares (seven-day effective yield 0.23%) | 167,472 | 167,472 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 0.12%) | 167,472 | 167,472 |
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 0.25%) | 167,472 | $ 167,472 | |
Morgan Stanley Government Portfolio – Institutional Share Class (seven-day effective yield 0.23%) | 167,472 | 167,472 | |
Total Short-Term Investments (cost $669,888) | 669,888 | ||
Total Value of Securities—99.55% (cost $47,379,645) | 51,367,266 | ||
Receivables and Other Assets Net of Liabilities—0.45% | 232,119 | ||
Net Assets Applicable to 3,723,995 Shares Outstanding—100.00% | $51,599,385 |
° | Principal amount shown is stated in USD unless noted that the security is denominated in another currency. |
^ | Zero-coupon security. The rate shown is the effective yield at the time of purchase. |
# | 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 $3,532,196, which represents 6.85% of the Series' net assets. |
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. |
† | Non-income producing security. |
ω | Perpetual security with no stated maturity date. |
The following foreign currency exchange contracts were outstanding at March 31, 2022:
Foreign Currency Exchange Contracts | ||||||||||||
Counterparty | Currency to Receive (Deliver) | In Exchange For | Settlement Date | Unrealized Appreciation | Unrealized Depreciation | |||||||
BNYM | EUR | 2,150 | USD | (2,400) | 4/1/22 | $— | $(22) | |||||
BNYM | JPY | (60,550) | USD | 495 | 4/1/22 | — | (1) | |||||
BNYM | SEK | (19,796) | USD | 2,136 | 4/1/22 | 31 | — | |||||
Total Foreign Currency Exchange Contracts | $31 | $(23) |
The use of foreign currency exchange contracts involves elements of market risk and risks in excess of the amounts disclosed in the schedule of investments. The foreign currency exchange contracts presented above represents the Series' total exposure in such contracts, whereas only the net unrealized appreciation (depreciation) is reflected in the Series' net assets.
NQ-FL7 [3/22] 5/22 (2218547) 9
Schedule of investments
Delaware VIP® Trust — Delaware VIP Total Return Series
Summary of abbreviations: |
AG – Aktiengesellschaft |
BNYM – Bank of New York Mellon |
DAC – Designated Activity Company |
EAFE – Europe, Australasia, and Far East |
ESG – Environmental, Social, and Governance |
ETF – Exchange-Traded Fund |
FTSE – Financial Times Stock Exchange |
GS – Goldman Sachs |
MSCI – Morgan Stanley Capital International |
REIT – Real Estate Investment Trust |
S&P – Standard & Poor’s Financial Services LLC |
Summary of currencies: |
EUR – European Monetary Unit |
JPY – Japanese Yen |
SEK – Swedish Krona |
USD – US Dollar |
10 NQ-FL7 [3/22] 5/22 (2218547)