Schedule of investments
Delaware International Small Cap Fund | August 31, 2022 (Unaudited) |
Number of shares | Value (US $) | ||
Common Stocks – 96.47%Δ | |||
Argentina − 0.79% | |||
Arcos Dorados Holdings Class A | 78,962 | $ 576,423 | |
576,423 | |||
Australia − 2.14% | |||
HUB24 | 45,413 | 742,976 | |
Pro Medicus | 21,881 | 815,678 | |
1,558,654 | |||
Austria − 0.50% | |||
Vienna Insurance Group AG Wiener Versicherung Gruppe | 15,323 | 364,183 | |
364,183 | |||
Brazil − 3.41% | |||
Arezzo Industria e Comercio, S.A. | 18,318 | 325,135 | |
Cielo | 387,031 | 409,915 | |
Iguatemi | 75,073 | 282,692 | |
Inter & Co. BDR | 51,845 | 210,673 | |
JHSF Participacoes | 236,300 | 282,521 | |
Petro Rio † | 117,538 | 617,919 | |
SLC Agricola | 37,776 | 353,043 | |
2,481,898 | |||
Canada − 11.02% | |||
Aritzia † | 25,397 | 826,101 | |
ATS Automation Tooling Systems † | 69,230 | 2,114,827 | |
Capital Power | 40,785 | 1,582,210 | |
Enerplus | 34,609 | 533,358 | |
Granite Real Estate Investment Trust | 30,353 | 1,724,090 | |
Major Drilling Group International † | 86,586 | 586,756 | |
Vermilion Energy | 24,779 | 661,855 | |
8,029,197 | |||
China − 1.84% | |||
Chindata Group Holdings ADR † | 55,268 | 466,462 | |
CIMC Enric Holdings | 222,000 | 237,876 | |
Xtep International Holdings | 453,500 | 633,272 | |
1,337,610 | |||
Denmark − 2.63% | |||
Drilling † | 13,774 | 654,013 | |
Jyske Bank † | 16,104 | 810,341 | |
Royal Unibrew | 5,999 | 451,176 | |
1,915,530 |
NQ-581 [8/22] 10/22 (2460474) 1
Schedule of investments
Delaware International Small Cap Fund (Unaudited)
Number of shares | Value (US $) | ||
Common StocksΔ (continued) | |||
Finland − 1.09% | |||
Valmet | 31,326 | $ 796,471 | |
796,471 | |||
France − 2.56% | |||
IPSOS | 14,813 | 675,095 | |
Rothschild & Co. | 12,364 | 441,095 | |
SOITEC † | 5,280 | 749,757 | |
1,865,947 | |||
Germany − 5.40% | |||
Befesa | 18,985 | 783,001 | |
Evotec † | 29,148 | 642,673 | |
HUGO BOSS | 13,681 | 747,931 | |
K+S | 33,411 | 762,184 | |
Salzgitter | 19,685 | 485,461 | |
Steico | 6,704 | 516,068 | |
3,937,318 | |||
Hong Kong − 0.48% | |||
MGM China Holdings † | 678,800 | 351,997 | |
351,997 | |||
India − 5.58% | |||
Affle India † | 23,449 | 377,352 | |
Federal Bank | 539,515 | 782,413 | |
Varun Beverages | 180,841 | 2,332,345 | |
Voltas | 46,352 | 577,157 | |
4,069,267 | |||
Ireland − 1.30% | |||
Glenveagh Properties † | 932,450 | 950,185 | |
950,185 | |||
Israel − 0.93% | |||
Inmode † | 21,129 | 674,860 | |
674,860 | |||
Italy − 3.27% | |||
Azimut Holding | 39,199 | 627,728 | |
Reply | 9,225 | 1,092,084 | |
Tinexta | 29,640 | 659,478 | |
2,379,290 | |||
Japan − 23.33% | |||
Amvis Holdings | 28,000 | 1,124,636 | |
Asics | 70,000 | 1,290,912 |
2 NQ-581 [8/22] 10/22 (2460474)
(Unaudited)
Number of shares | Value (US $) | ||
Common StocksΔ (continued) | |||
Japan (continued) | |||
BayCurrent Consulting | 2,600 | $ 776,678 | |
dip | 25,700 | 671,521 | |
DMG Mori | 63,100 | 828,464 | |
Fujimi | 22,300 | 1,078,683 | |
Fukuoka Financial Group | 68,700 | 1,229,355 | |
IHI | 43,300 | 1,164,121 | |
Insource | 35,800 | 728,756 | |
JCR Pharmaceuticals | 19,800 | 310,130 | |
JMDC | 15,900 | 771,395 | |
Katitas | 24,500 | 595,195 | |
Kissei Pharmaceutical | 18,100 | 323,891 | |
Mebuki Financial Group | 595,300 | 1,144,107 | |
Mitsui High-Tec | 9,900 | 621,400 | |
SHO-BOND Holdings | 18,400 | 798,647 | |
SMS | 33,100 | 766,000 | |
TechnoPro Holdings | 53,600 | 1,219,190 | |
Toho Titanium | 48,500 | 770,484 | |
Tokyo Seimitsu | 23,400 | 788,281 | |
17,001,846 | |||
Malaysia − 0.32% | |||
Alliance Bank Malaysia | 293,800 | 231,021 | |
231,021 | |||
Mexico − 1.14% | |||
Grupo Aeroportuario del Centro Norte | 126,667 | 828,980 | |
828,980 | |||
Norway − 3.93% | |||
Aker Solutions | 330,416 | 1,294,686 | |
Golar LNG † | 19,196 | 523,475 | |
TOMRA Systems | 45,750 | 1,046,631 | |
2,864,792 | |||
Republic of Korea − 3.58% | |||
CJ CheilJedang | 1,648 | 502,082 | |
Hansae | 29,031 | 344,018 | |
Hite Jinro | 23,220 | 529,483 | |
LEENO Industrial | 7,268 | 780,296 | |
OCI | 5,110 | 448,899 | |
2,604,778 |
NQ-581 [8/22] 10/22 (2460474) 3
Schedule of investments
Delaware International Small Cap Fund (Unaudited)
Number of shares | Value (US $) | ||
Common StocksΔ (continued) | |||
Russia − 0.01% | |||
Detsky Mir PJSC = | 188,399 | $ 10,216 | |
10,216 | |||
Singapore − 1.02% | |||
SATS † | 257,600 | 744,717 | |
744,717 | |||
South Africa − 1.79% | |||
Motus Holdings | 95,518 | 646,871 | |
Transaction Capital | 298,256 | 655,758 | |
1,302,629 | |||
Spain − 1.74% | |||
Banco de Sabadell | 881,531 | 608,610 | |
Melia Hotels International † | 108,300 | 659,002 | |
1,267,612 | |||
Sweden − 2.88% | |||
Catena | 23,472 | 966,183 | |
Fortnox | 139,065 | 619,857 | |
MIPS | 11,382 | 515,393 | |
2,101,433 | |||
Taiwan − 2.20% | |||
Kindom Development | 337,600 | 313,892 | |
Lotes | 30,000 | 717,536 | |
Wafer Works | 334,000 | 572,806 | |
1,604,234 | |||
Thailand − 0.59% | |||
Land & Houses | 1,760,500 | 429,714 | |
429,714 | |||
United Kingdom − 11.00% | |||
Dechra Pharmaceuticals | 21,959 | 890,291 | |
Future | 35,937 | 649,599 | |
Grafton Group | 54,354 | 456,335 | |
Great Portland Estates | 134,288 | 776,892 | |
Inchcape | 93,947 | 829,451 | |
Keywords Studios | 39,736 | 1,147,570 | |
Pagegroup | 125,946 | 635,284 | |
RS GROUP | 159,039 | 2,006,446 |
4 NQ-581 [8/22] 10/22 (2460474)
(Unaudited)
Number of shares | Value (US $) | ||
Common StocksΔ (continued) | |||
United Kingdom (continued) | |||
Savills | 56,623 | $ 623,584 | |
8,015,452 | |||
Total Common Stocks (cost $70,503,008) | 70,296,254 |
Short-Term Investments – 2.84% | |||
Money Market Mutual Funds – 2.84% | |||
BlackRock FedFund – Institutional Shares (seven-day effective yield 2.02%) | 517,357 | 517,357 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 2.03%) | 517,357 | 517,357 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 2.19%) | 517,357 | 517,357 | |
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 2.11%) | 517,357 | 517,357 | |
Total Short-Term Investments (cost $2,069,428) | 2,069,428 | ||
Total Value of Securities−99.31% (cost $72,572,436) | 72,365,682 | ||
Receivables and Other Assets Net of Liabilities — 0.69% | 504,409 |
Net Assets Applicable to 10,431,770 Shares Outstanding — 100.00% | $72,870,091 |
Δ | Securities have been classified by country of risk. |
† | 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 August 31, 2022:
Foreign Currency Exchange Contracts | ||||||||||||
Counterparty | Currency to Receive (Deliver) | In Exchange For | Settlement Date | Unrealized Appreciation | Unrealized Depreciation | |||||||
BNYM | GBP | 88,715 | USD | 103,294 | 9/1/22 | $232 | $— | |||||
BNYM | GBP | 79,241 | USD | 91,971 | 9/2/22 | — | (87) | |||||
BNYM | KRW | 405,447,646 | USD | 301,641 | 9/1/22 | — | (1,333) | |||||
BNYM | TWD | 333,276 | USD | 10,933 | 9/1/22 | — | (19) | |||||
Total Foreign Currency Exchange Contracts | $232 | $(1,439) |
NQ-581 [8/22] 10/22 (2460474) 5
Schedule of investments
Delaware International Small Cap Fund (Unaudited)
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 represent the Fund’s total exposure in such contracts, whereas only the net unrealized appreciation (depreciation) is reflected in the Fund’s net assets.
Summary of abbreviations: |
ADR – American Depositary Receipt |
AG – Aktiengesellschaft |
BDR – Brazilian Depositary Receipt |
BNYM – Bank of New York Mellon |
PJSC – Private Joint Stock Company |
Summary of currencies: |
GBP – British Pound Sterling |
KRW – South Korean Won |
TWD – New Taiwan Dollar |
USD – US Dollar |
6 NQ-581 [8/22] 10/22 (2460474)