Schedule of investments
Delaware Global Listed Real Assets Fund | January 31, 2022 (Unaudited) |
Principal amount° | Value (US $) | ||
Corporate Bonds — 8.99% | |||
Basic Industry — 1.06% | |||
Chemours 144A 4.625% 11/15/29 # | 175,000 | $ 166,976 | |
First Quantum Minerals 144A 6.875% 3/1/26 # | 200,000 | 206,785 | |
Freeport-McMoRan 5.45% 3/15/43 | 235,000 | 276,738 | |
New Gold 144A 6.375% 5/15/25 # | 54,000 | 55,336 | |
Novelis | |||
144A 3.875% 8/15/31 # | 255,000 | 240,563 | |
144A 4.75% 1/30/30 # | 140,000 | 139,504 | |
Univar Solutions USA 144A 5.125% 12/1/27 # | 265,000 | 269,950 | |
1,355,852 | |||
Capital Goods — 0.43% | |||
Clean Harbors 144A 5.125% 7/15/29 # | 195,000 | 203,611 | |
GFL Environmental 144A 5.125% 12/15/26 # | 160,000 | 165,467 | |
Sealed Air 144A 4.00% 12/1/27 # | 175,000 | 175,781 | |
544,859 | |||
Communications — 2.55% | |||
CCO Holdings 144A 5.375% 6/1/29 # | 340,000 | 350,829 | |
Clear Channel Outdoor Holdings | |||
144A 7.50% 6/1/29 # | 40,000 | 41,517 | |
144A 7.75% 4/15/28 # | 40,000 | 41,577 | |
CSC Holdings 144A 3.375% 2/15/31 # | 200,000 | 174,864 | |
Cumulus Media New Holdings 144A 6.75% 7/1/26 # | 43,000 | 44,289 | |
DISH DBS 144A 5.75% 12/1/28 # | 80,000 | 76,704 | |
Frontier Communications Holdings 144A 5.875% 10/15/27 # | 185,000 | 190,791 | |
Gray Escrow II 144A 5.375% 11/15/31 # | 180,000 | 177,804 | |
Lamar Media 3.75% 2/15/28 | 175,000 | 171,150 | |
LCPR Senior Secured Financing DAC 144A 6.75% 10/15/27 # | 194,000 | 201,593 | |
Nexstar Media 144A 5.625% 7/15/27 # | 213,000 | 218,635 | |
Outfront Media Capital 144A 4.625% 3/15/30 # | 245,000 | 235,246 | |
Sirius XM Radio 144A 5.50% 7/1/29 # | 300,000 | 311,790 | |
Sprint Capital 8.75% 3/15/32 | 65,000 | 90,901 | |
Terrier Media Buyer 144A 8.875% 12/15/27 # | 210,000 | 222,070 | |
T-Mobile USA | |||
3.375% 4/15/29 | 60,000 | 59,062 | |
4.75% 2/1/28 | 105,000 | 108,652 | |
Virgin Media Secured Finance 144A 5.50% 5/15/29 # | 200,000 | 204,120 | |
Vmed O2 UK Financing I 144A 4.25% 1/31/31 # | 200,000 | 185,620 | |
Zayo Group Holdings 144A 4.00% 3/1/27 # | 175,000 | 165,634 | |
3,272,848 |
NQ-095 [1/22] 3/22 (2074745) 1
Schedule of investments
Delaware Global Listed Real Assets Fund (Unaudited)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Consumer Cyclical — 0.96% | |||
Carnival | |||
144A 5.75% 3/1/27 # | 150,000 | $ 144,228 | |
144A 7.625% 3/1/26 # | 35,000 | 35,763 | |
Hilton Domestic Operating | |||
144A 4.00% 5/1/31 # | 85,000 | 83,688 | |
4.875% 1/15/30 | 200,000 | 206,706 | |
Lennar 5.00% 6/15/27 | 95,000 | 104,799 | |
MGM Growth Properties Operating Partnership 5.75% 2/1/27 | 216,000 | 239,093 | |
Murphy Oil USA 144A 3.75% 2/15/31 # | 100,000 | 94,400 | |
Royal Caribbean Cruises 144A 5.50% 4/1/28 # | 150,000 | 145,897 | |
Wyndham Hotels & Resorts 144A 4.375% 8/15/28 # | 175,000 | 173,911 | |
1,228,485 | |||
Consumer Non-Cyclical — 0.83% | |||
CHS 144A 5.25% 5/15/30 # | 180,000 | 179,545 | |
HCA | |||
3.50% 9/1/30 | 10,000 | 9,971 | |
5.375% 2/1/25 | 70,000 | 74,594 | |
5.875% 2/1/29 | 305,000 | 345,107 | |
JBS USA LUX 144A 5.50% 1/15/30 # | 160,000 | 169,948 | |
Pilgrim's Pride 144A 5.875% 9/30/27 # | 77,000 | 80,481 | |
Tenet Healthcare | |||
144A 4.25% 6/1/29 # | 60,000 | 57,933 | |
6.875% 11/15/31 | 135,000 | 146,047 | |
1,063,626 | |||
Energy — 1.70% | |||
CNX Resources | |||
144A 6.00% 1/15/29 # | 65,000 | 67,056 | |
144A 7.25% 3/14/27 # | 100,000 | 105,106 | |
Crestwood Midstream Partners | |||
144A 5.625% 5/1/27 # | 82,000 | 82,376 | |
144A 6.00% 2/1/29 # | 209,000 | 210,911 | |
DCP Midstream Operating 5.125% 5/15/29 | 210,000 | 222,897 | |
Genesis Energy 6.50% 10/1/25 | 265,000 | 259,704 | |
Marathon Oil 4.40% 7/15/27 | 75,000 | 80,428 | |
Murphy Oil | |||
5.875% 12/1/27 | 195,000 | 198,169 | |
6.375% 7/15/28 | 105,000 | 108,769 |
2 NQ-095 [1/22] 3/22 (2074745)
(Unaudited)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Energy (continued) | |||
NuStar Logistics | |||
6.00% 6/1/26 | 90,000 | $ 94,508 | |
6.375% 10/1/30 | 80,000 | 86,664 | |
Occidental Petroleum | |||
6.60% 3/15/46 | 55,000 | 69,234 | |
6.625% 9/1/30 | 40,000 | 47,014 | |
Southwestern Energy 7.75% 10/1/27 | 225,000 | 239,943 | |
Targa Resources Partners | |||
4.875% 2/1/31 | 195,000 | 204,095 | |
5.375% 2/1/27 | 105,000 | 107,758 | |
2,184,632 | |||
Real Estate — 0.25% | |||
HAT Holdings I 144A 3.75% 9/15/30 # | 100,000 | 94,587 | |
XHR 144A 4.875% 6/1/29 # | 235,000 | 230,803 | |
325,390 | |||
Transportation — 0.71% | |||
Air Canada 144A 3.875% 8/15/26 # | 255,000 | 249,312 | |
Delta Air Lines | |||
144A 7.00% 5/1/25 # | 82,000 | 91,933 | |
7.375% 1/15/26 | 67,000 | 76,357 | |
United Airlines Holdings 4.875% 1/15/25 | 280,000 | 281,992 | |
VistaJet Malta Finance 144A 6.375% 2/1/30 # | 215,000 | 213,992 | |
913,586 | |||
Utilities — 0.50% | |||
Calpine 144A 5.00% 2/1/31 # | 35,000 | 33,229 | |
NRG Energy 144A 3.625% 2/15/31 # | 190,000 | 176,571 | |
PG&E 5.25% 7/1/30 | 85,000 | 84,436 | |
TerraForm Power Operating 144A 4.75% 1/15/30 # | 130,000 | 130,861 | |
Vistra Operations | |||
144A 5.00% 7/31/27 # | 70,000 | 70,626 | |
144A 5.50% 9/1/26 # | 70,000 | 71,491 | |
144A 5.625% 2/15/27 # | 75,000 | 76,577 | |
643,791 | |||
Total Corporate Bonds (cost $11,548,304) | 11,533,069 | ||
NQ-095 [1/22] 3/22 (2074745) 3
Schedule of investments
Delaware Global Listed Real Assets Fund (Unaudited)
Principal amount° | Value (US $) | ||
Non-Agency Commercial Mortgage-Backed Securities — 1.83% | |||
Cantor Commercial Real Estate Lending Series 2019-CF1 B 4.178% 5/15/52 • | 200,000 | $ 214,182 | |
Citigroup Commercial Mortgage Trust Series 2019-C7 A4 3.102% 12/15/72 | 600,000 | 623,600 | |
GS Mortgage Securities Trust Series 2017-GS6 B 3.869% 5/10/50 | 730,000 | 769,230 | |
Morgan Stanley Capital I Trust Series 2016-BNK2 B 3.485% 11/15/49 | 740,000 | 740,519 | |
Total Non-Agency Commercial Mortgage-Backed Securities (cost $2,380,000) | 2,347,531 | ||
Loan Agreements — 2.28% | |||
Calpine | |||
2.11% (LIBOR01M + 2.00%) 4/5/26 • | 319,801 | 316,712 | |
2.61% (LIBOR01M + 2.50%) 12/16/27 • | 82,178 | 81,650 | |
Calpine Construction Finance Tranche B 2.11% (LIBOR01M + 2.00%) 1/15/25 • | 124,264 | 123,343 | |
Castlelake Aviation One Designated Activity 3.25% (LIBOR03M + 2.75%) 10/22/26 • | 224,437 | 224,052 | |
Charter Communications Operating Tranche B2 1.86% (LIBOR01M + 1.75%) 2/1/27 • | 258,829 | 256,549 | |
CSC Holdings 2.36% (LIBOR01M + 2.25%) 7/17/25 • | 248,478 | 245,191 | |
Hamilton Projects Acquiror 5.25% (LIBOR03M + 4.50%) 6/17/27 • | 295,500 | 295,777 | |
HCA Tranche B 1.86% (LIBOR01M + 1.75%) 6/30/28 • | 472,625 | 475,579 | |
Lamar Media Tranche B 1.61% (LIBOR01M + 1.50%) 2/5/27 • | 169,139 | 168,315 | |
Parkway Generation Tranche B TBD 11/5/28 X | 157,895 | 157,993 | |
Parkway Generation Tranche C TBD 11/5/28 X | 22,105 | 22,174 | |
Pilot Travel Centers Tranche B 2.11% (LIBOR01M + 2.00%) 8/4/28 • | 174,563 | 173,810 | |
Setanta Aircraft Leasing DAC 2.14% (LIBOR03M + 2.00%) 11/5/28 • | 125,000 | 125,020 | |
Sinclair Television Group Tranche B-3 3.11% (LIBOR01M + 3.00%) 4/1/28 • | 99,500 | 98,363 | |
Vistra Operations 1.86% (LIBOR01M + 1.75%) 12/31/25 • | 166,275 | 164,777 | |
Total Loan Agreements (cost $2,932,021) | 2,929,305 | ||
4 NQ-095 [1/22] 3/22 (2074745)
(Unaudited)
Principal amount° | Value (US $) | ||
Sovereign Bonds — 9.89%Δ | |||
Australia — 0.14% | |||
Australia Government Bonds | |||
0.75% 11/21/27 | AUD | 212,091 | $ 176,659 |
2.50% 9/20/30 | AUD | 7,555 | 8,502 |
185,161 | |||
Canada — 0.51% | |||
Canadian Government Real Return Bonds | |||
4.00% 12/1/31 | CAD | 386,605 | 428,728 |
4.25% 12/1/26 | CAD | 229,865 | 223,465 |
652,193 | |||
France — 1.50% | |||
French Republic Government Bond OAT | |||
0.10% 3/1/25 | EUR | 350,816 | 424,585 |
0.10% 3/1/28 | EUR | 723,948 | 915,206 |
144A 1.80% 7/25/40 # | EUR | 160,197 | 292,510 |
3.15% 7/25/32 | EUR | 172,939 | 298,929 |
1,931,230 | |||
Germany — 0.61% | |||
Deutsche Bundesrepublik Inflation Linked Bond 0.10% 4/15/26 | EUR | 626,639 | 780,005 |
780,005 | |||
Italy — 1.63% | |||
Italy Buoni Poliennali Del Tesoro | |||
0.10% 5/15/23 | EUR | 1,087,796 | 1,270,887 |
144A 2.55% 9/15/41 # | EUR | 225,587 | 382,996 |
144A 3.10% 9/15/26 # | EUR | 316,382 | 434,684 |
2,088,567 | |||
Japan — 0.34% | |||
Japanese Government CPI Linked Bond 0.10% 3/10/29 | JPY | 47,698,266 | 431,514 |
431,514 | |||
Spain — 0.54% | |||
Spain Government Inflation Linked Bond 0.15% 11/30/23 | EUR | 582,726 | 695,122 |
695,122 | |||
United Kingdom — 4.62% | |||
United Kingdom Inflation-Linked Gilt | |||
0.125% 3/22/29 | GBP | 358,091 | 601,499 |
0.125% 8/10/41 | GBP | 344,989 | 754,234 |
0.125% 3/22/44 | GBP | 229,869 | 519,313 |
0.125% 8/10/48 | GBP | 289,488 | 710,629 |
NQ-095 [1/22] 3/22 (2074745) 5
Schedule of investments
Delaware Global Listed Real Assets Fund (Unaudited)
Principal amount° | Value (US $) | ||
Sovereign BondsΔ (continued) | |||
United Kingdom (continued) | |||
United Kingdom Inflation-Linked Gilt | |||
0.125% 11/22/56 | GBP | 141,082 | $ 400,503 |
0.125% 11/22/65 | GBP | 59,376 | 203,545 |
0.125% 3/22/68 | GBP | 101,830 | 376,513 |
0.25% 3/22/52 | GBP | 123,746 | 332,355 |
0.375% 3/22/62 | GBP | 95,558 | 319,767 |
1.125% 11/22/37 | GBP | 202,185 | 466,475 |
1.25% 11/22/27 | GBP | 99,602 | 171,968 |
1.25% 11/22/32 | GBP | 369,257 | 749,088 |
1.25% 11/22/55 | GBP | 92,230 | 327,257 |
5,933,146 | |||
Total Sovereign Bonds (cost $12,849,753) | 12,696,938 | ||
US Treasury Obligations — 4.41% | |||
US Treasury Inflation Indexed Bonds | |||
0.125% 2/15/51 | 125,976 | 136,292 | |
0.25% 2/15/50 | 129,733 | 144,252 | |
0.75% 2/15/42 | 262,005 | 311,809 | |
1.00% 2/15/46 | 388,280 | 494,289 | |
2.125% 2/15/40 | 86,160 | 125,319 | |
US Treasury Inflation Indexed Notes | |||
0.125% 4/15/26 | 2,802,270 | 2,972,426 | |
0.125% 7/15/31 | 570,372 | 620,487 | |
0.875% 1/15/29 | 758,430 | 856,909 | |
Total US Treasury Obligations (cost $5,672,224) | 5,661,783 |
Number of shares | |||
Common Stock — 66.33% | |||
Communication Services — 1.05% | |||
Vantage Towers | 41,161 | 1,342,393 | |
1,342,393 | |||
Consumer Discretionary — 0.46% | |||
Archaea Energy † | 34,374 | 594,326 | |
594,326 | |||
Consumer Staples — 1.50% | |||
Archer-Daniels-Midland | 8,413 | 630,975 | |
Bunge | 8,887 | 878,569 |
6 NQ-095 [1/22] 3/22 (2074745)
(Unaudited)
Number of shares | Value (US $) | ||
Common Stock (continued) | |||
Consumer Staples (continued) | |||
Darling Ingredients † | 6,549 | $ 417,630 | |
1,927,174 | |||
Energy — 11.70% | |||
Ardmore Shipping † | 41,801 | 142,959 | |
Chesapeake Energy | 16,662 | 1,135,848 | |
Chevron | 7,921 | 1,040,265 | |
Denbury † | 16,919 | 1,271,294 | |
Enbridge | 34,088 | 1,441,127 | |
Enviva | 12,468 | 872,511 | |
EOG Resources | 6,588 | 734,430 | |
EQT † | 48,513 | 1,030,901 | |
Equinor ADR | 31,876 | 878,184 | |
Kimbell Royalty Partners | 66,084 | 945,001 | |
Occidental Petroleum | 4,390 | 165,371 | |
PBF Energy Class A † | 19,831 | 314,123 | |
Schlumberger | 37,711 | 1,473,369 | |
TC Energy | 27,998 | 1,445,769 | |
Unit † | 40 | 1,850 | |
Valaris † | 13,083 | 542,814 | |
Valero Energy | 18,970 | 1,573,941 | |
15,009,757 | |||
Financials — 0.11% | |||
Spring Valley Acquisition Class A † | 14,408 | 143,936 | |
143,936 | |||
Industrials — 11.91% | |||
Aena 144A #, † | 8,725 | 1,409,808 | |
ALEATICA † | 1,115,642 | 1,047,875 | |
Arcosa | 22,208 | 1,036,225 | |
Atlantia † | 65,723 | 1,219,509 | |
Atlas Arteria | 296,007 | 1,374,037 | |
CCR | 615,602 | 1,514,051 | |
East Japan Railway | 23,200 | 1,324,787 | |
Enav 144A #, † | 301,006 | 1,382,994 | |
Li-Cycle Holdings † | 62,190 | 471,400 | |
Sacyr | 548,308 | 1,370,671 | |
Sunrun † | 12,420 | 322,051 | |
Transurban Group | 155,585 | 1,374,473 | |
Vinci | 13,109 | 1,436,833 | |
15,284,714 |
NQ-095 [1/22] 3/22 (2074745) 7
Schedule of investments
Delaware Global Listed Real Assets Fund (Unaudited)
Number of shares | Value (US $) | ||
Common Stock (continued) | |||
Materials — 7.60% | |||
Air Products and Chemicals | 2,041 | $ 575,807 | |
Anglo American | 22,278 | 982,137 | |
BHP Group | 37,517 | 1,203,191 | |
CF Industries Holdings | 15,479 | 1,066,039 | |
ERO Copper † | 24,094 | 300,050 | |
Hudbay Minerals | 89,198 | 642,226 | |
Louisiana-Pacific | 7,760 | 515,574 | |
Newmont | 25,148 | 1,538,303 | |
Nutrien | 18,933 | 1,321,523 | |
Pan American Silver | 19,165 | 414,766 | |
Wheaton Precious Metals | 29,672 | 1,196,375 | |
9,755,991 | |||
Real Estate Operating Companies/Developer — 2.77% | |||
Castellum | 12,920 | 304,315 | |
CK Asset Holdings | 74,500 | 497,318 | |
Grainger | 45,876 | 186,829 | |
Hang Lung Properties | 60,000 | 128,202 | |
Intershop Holding | 36 | 23,776 | |
Kojamo | 12,257 | 281,003 | |
Mitsubishi Estate | 28,400 | 409,029 | |
Mitsui Fudosan | 11,700 | 250,817 | |
New World Development | 27,031 | 110,349 | |
Nyfosa | 19,828 | 308,659 | |
Sirius Real Estate | 75,678 | 132,277 | |
Sun Hung Kai Properties | 38,500 | 469,720 | |
TAG Immobilien | 4,648 | 122,746 | |
Tokyo Tatemono | 9,096 | 135,589 | |
Wihlborgs Fastigheter | 9,090 | 187,934 | |
3,548,563 | |||
REIT Diversified — 2.51% | |||
Activia Properties | 28 | 94,776 | |
Ascendas Real Estate Investment Trust | 60,735 | 124,558 | |
Charter Hall Group | 4,219 | 50,535 | |
Fastighets Balder Class B † | 1,080 | 71,549 | |
Inmobiliaria Colonial Socimi | 4,627 | 40,858 | |
Mapletree Logistics Trust | 195,100 | 245,538 | |
NIPPON REIT Investment | 90 | 303,260 | |
Stockland | 9,438 | 27,204 | |
VICI Properties | 16,882 | 483,163 |
8 NQ-095 [1/22] 3/22 (2074745)
(Unaudited)
Number of shares | Value (US $) | ||
Common Stock (continued) | |||
REIT Diversified (continued) | |||
Weyerhaeuser | 44,092 | $ 1,782,639 | |
3,224,080 | |||
REIT Healthcare — 1.74% | |||
Alexandria Real Estate Equities | 3,220 | 627,385 | |
Assura | 154,767 | 139,983 | |
CareTrust REIT | 14,877 | 315,541 | |
Healthcare Realty Trust | 5,093 | 157,985 | |
Healthpeak Properties | 7,348 | 259,899 | |
Impact Healthcare Reit | 20,000 | 31,040 | |
Omega Healthcare Investors | 1,191 | 37,492 | |
Sabra Health Care REIT | 13,023 | 177,243 | |
Universal Health Realty Income Trust | 1,499 | 87,392 | |
Welltower | 4,546 | 393,820 | |
2,227,780 | |||
REIT Hotel — 0.09% | |||
Apple Hospitality REIT | 7,118 | 114,813 | |
114,813 | |||
REIT Industrial — 3.03% | |||
Duke Realty | 4,805 | 277,633 | |
GLP J-REIT | ��� 69 | 111,063 | |
Goodman Group | 6,118 | 101,019 | |
Granite Real Estate Investment Trust | 4,207 | 319,310 | |
Industrial & Infrastructure Fund Investment | 132 | 220,803 | |
Mapletree Industrial Trust | 121,290 | 225,940 | |
Prologis | 10,428 | 1,635,319 | |
Rexford Industrial Realty | 5,208 | 381,069 | |
Segro | 20,467 | 360,829 | |
Tritax Big Box REIT | 80,910 | 259,531 | |
3,892,516 | |||
REIT Information Technology — 0.73% | |||
American Tower | 300 | 75,450 | |
Digital Realty Trust | 1,887 | 281,597 | |
Equinix | 735 | 532,801 | |
SBA Communications | 154 | 50,118 | |
939,966 | |||
REIT Mall — 0.62% | |||
Simon Property Group | 5,434 | 799,885 | |
799,885 |
NQ-095 [1/22] 3/22 (2074745) 9
Schedule of investments
Delaware Global Listed Real Assets Fund (Unaudited)
Number of shares | Value (US $) | ||
Common Stock (continued) | |||
REIT Manufactured Housing — 0.50% | |||
Equity LifeStyle Properties | 6,157 | $ 482,032 | |
Sun Communities | 823 | 155,514 | |
637,546 | |||
REIT Multifamily — 2.92% | |||
Apartment Income REIT | 2,522 | 133,212 | |
AvalonBay Communities | 2,881 | 703,627 | |
Camden Property Trust | 853 | 136,557 | |
Canadian Apartment Properties REIT | 3,644 | 160,277 | |
Daiwa Securities Living Investments | 266 | 260,292 | |
Equity Residential | 6,269 | 556,248 | |
Essex Property Trust | 1,805 | 600,163 | |
Killam Apartment Real Estate Investment Trust | 7,013 | 120,658 | |
UDR | 2,848 | 161,880 | |
Vonovia | 15,967 | 909,413 | |
3,742,327 | |||
REIT Office — 1.74% | |||
Allied Properties Real Estate Investment Trust | 7,241 | 254,801 | |
Boston Properties | 1,321 | 148,058 | |
Cousins Properties | 4,552 | 175,525 | |
Daiwa Office Investment | 25 | 156,642 | |
Equity Commonwealth † | 11,384 | 296,439 | |
Highwoods Properties | 6,036 | 260,272 | |
Hudson Pacific Properties | 4,235 | 100,073 | |
Kilroy Realty | 6,386 | 408,704 | |
Orion Office REIT † | 3,422 | 56,942 | |
Piedmont Office Realty Trust Class A | 16,568 | 294,248 | |
SL Green Realty | 1,070 | 77,593 | |
2,229,297 | |||
REIT Retail — 0.42% | |||
Deutsche EuroShop | 2,774 | 52,014 | |
Japan Metropolitan Fund Invest | 163 | 137,362 | |
Link REIT | 40,300 | 345,996 | |
535,372 | |||
REIT Self-Storage — 1.36% | |||
Extra Space Storage | 3,724 | 738,059 | |
Life Storage | 3,183 | 429,546 | |
Public Storage | 885 | 317,299 | |
Safestore Holdings | 15,170 | 260,096 | |
1,745,000 |
10 NQ-095 [1/22] 3/22 (2074745)
(Unaudited)
Number of shares | Value (US $) | ||
Common Stock (continued) | |||
REIT Shopping Center — 0.61% | |||
Alexander's | 273 | $ 71,873 | |
Federal Realty Investment Trust | 619 | 78,916 | |
Regency Centers | 1,608 | 115,374 | |
Retail Opportunity Investments | 12,050 | 223,286 | |
Shopping Centres Australasia Property Group | 43,230 | 86,369 | |
SITE Centers | 13,785 | 204,156 | |
779,974 | |||
REIT Single Tenant — 0.39% | |||
Four Corners Property Trust | 6,869 | 185,944 | |
Realty Income | 1,737 | 120,565 | |
Spirit Realty Capital | 4,210 | 199,807 | |
506,316 | |||
REIT Specialty — 1.09% | |||
Civitas Social Housing | 113,646 | 147,493 | |
Essential Properties Realty Trust | 3,208 | 85,173 | |
Gaming and Leisure Properties | 1,538 | 69,487 | |
Innovative Industrial Properties | 1,211 | 240,008 | |
Invitation Homes | 15,436 | 648,003 | |
Waypoint REIT | 111,935 | 215,008 | |
1,405,172 | |||
Utilities — 11.48% | |||
APA Group | 197,338 | 1,338,317 | |
Atmos Energy | 12,308 | 1,319,664 | |
Hydro One 144A # | 51,270 | 1,324,554 | |
National Grid | 98,324 | 1,438,768 | |
PPL | 44,449 | 1,319,246 | |
Sempra Energy | 9,917 | 1,370,133 | |
Severn Trent | 33,989 | 1,319,600 | |
Snam | 234,149 | 1,312,097 | |
SSE | 63,475 | 1,365,731 | |
Terna - Rete Elettrica Nazionale | 170,521 | 1,339,854 | |
United Utilities Group | 88,589 | 1,277,975 | |
14,725,939 | |||
Total Common Stock (cost $73,066,948) | 85,112,837 |
Principal amount° | |||
Closed-Ended Trust — 0.60% | |||
Sprott Physical Uranium Trust † | 69,203 | 767,622 |
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Schedule of investments
Delaware Global Listed Real Assets Fund (Unaudited)
Principal amount° | Value (US $) | ||
Closed-Ended Trust (continued) | |||
Total Closed-Ended Trust (cost $645,411) | 767,622 |
Number of shares | |||
Master Limited Partnerships — 0.12% | |||
Black Stone Minerals | 13,557 | $ 154,685 | |
Total Master Limited Partnerships (cost $135,013) | 154,685 | ||
Rights — 0.00% | |||
Impact Healthcare Reit =, † | 2,500 | 47 | |
Total Rights (cost $0) | 47 | ||
Short-Term Investments — 6.72% | |||
Money Market Mutual Funds — 6.72% | |||
BlackRock FedFund – Institutional Shares (seven-day effective yield 0.03%) | 2,154,985 | 2,154,985 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 0.01%) | 2,154,985 | 2,154,985 | |
GS Financial Square Government Fund – Institutional Shares (seven-day effective yield 0.03%) | 2,154,985 | 2,154,985 | |
Morgan Stanley Government Portfolio – Institutional Share Class (seven-day effective yield 0.03%) | 2,154,985 | 2,154,985 | |
Total Short-Term Investments (cost $8,619,940) | 8,619,940 | ||
Total Value of Securities—101.17% (cost $117,849,614) | 129,823,757 | ||
Liabilities Net of Receivables and Other Assets—(1.17%) | (1,501,690) | ||
Net Assets Applicable to 9,067,751 Shares Outstanding—100.00% | $128,322,067 |
° | 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 January 31, 2022, the aggregate value of Rule 144A securities was $12,765,827, which represents 9.95% of the Fund's net assets. |
12 NQ-095 [1/22] 3/22 (2074745)
(Unaudited)
• | Variable rate investment. Rates reset periodically. Rate shown reflects the rate in effect at January 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. |
X | This loan will settle after January 31, 2022, at which time the interest rate, based on the LIBOR and the agreed upon spread on trade date, will be reflected. |
Δ | Securities have been classified by country of origin. |
† | Non-income producing security. |
= | The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security. |
The following foreign currency exchange contracts were outstanding at January 31, 2022:
Foreign Currency Exchange Contracts | ||||||||||||
Counterparty | Currency to Receive (Deliver) | In Exchange For | Settlement Date | Unrealized Appreciation | Unrealized Depreciation | |||||||
BNYM | AUD | 376,028 | USD | (265,084) | 2/2/22 | $787 | $— | |||||
BNYM | BRL | (520,539) | USD | 97,968 | 2/1/22 | — | (33) | |||||
BNYM | EUR | 47,420 | USD | (53,130) | 2/2/22 | 29 | — | |||||
BNYM | GBP | (12,080) | USD | 16,222 | 2/1/22 | — | (25) | |||||
BNYM | GBP | 87,760 | USD | (117,848) | 2/2/22 | — | (105) | |||||
BNYM | JPY | 5,415,063 | USD | (46,938) | 2/2/22 | 56 | — | |||||
CITI | CAD | (30,000) | USD | 23,924 | 2/18/22 | 324 | — | |||||
CITI | EUR | (11,000) | USD | 12,511 | 2/18/22 | 177 | — | |||||
JPMCB | AUD | (241,118) | USD | 176,627 | 2/18/22 | 6,135 | — | |||||
JPMCB | CAD | (807,293) | USD | 643,586 | 2/18/22 | 8,503 | — | |||||
JPMCB | EUR | (4,845,165) | USD | 5,509,921 | 2/18/22 | 76,644 | — | |||||
JPMCB | GBP | (4,466,900) | USD | 6,001,942 | 2/18/22 | — | (4,929) | |||||
JPMCB | JPY | (49,933,297) | USD | 436,890 | 2/18/22 | 2,934 | — | |||||
Total Foreign Currency Exchange Contracts | $95,589 | $(5,092) |
The use of foreign currency exchange contracts involves elements of market risk and risks in excess of the amounts disclosed in the financial statements. The foreign currency exchange contracts presented above represent the Fund’s total exposure in such contracts, whereas only the net
NQ-095 [1/22] 3/22 (2074745) 13
Schedule of investments
Delaware Global Listed Real Assets Fund (Unaudited)
unrealized appreciation (depreciation) is reflected in the Fund’s
net assets.
net assets.
Summary of abbreviations: |
ADR – American Depositary Receipt |
BNYM – Bank of New York Mellon |
CITI – Citigroup |
CPI – Consumer Price Index |
DAC – Designated Activity Company |
GS – Goldman Sachs |
ICE – Intercontinental Exchange, Inc. |
JPMCB – JPMorgan Chase Bank |
LIBOR – London interbank offered rate |
LIBOR01M – ICE LIBOR USD 1 Month |
LIBOR03M – ICE LIBOR USD 3 Month |
LIBOR06M – ICE LIBOR USD 6 Month |
OAT – Obligations Assimilables du Tresor |
REIT – Real Estate Investment Trust |
TBD – To be determined |
Summary of currencies: |
AUD – Australian Dollar |
BRL – Brazilian Real |
CAD – Canadian Dollar |
EUR – European Monetary Unit |
GBP – British Pound Sterling |
JPY – Japanese Yen |
USD – US Dollar |
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