Schedule of investments
Delaware International Equity Fund | February 29, 2024 (Unaudited) |
Number of shares | Value (US $) | ||
Common Stocks – 98.06%Δ | |||
Austria − 1.41% | |||
Mondi | 209,959 | $ 3,732,965 | |
3,732,965 | |||
Brazil − 3.30% | |||
Banco do Brasil ADR | 414,426 | 4,832,789 | |
MercadoLibre † | 2,435 | 3,884,555 | |
8,717,344 | |||
Canada − 2.85% | |||
Dollarama | 97,230 | 7,521,059 | |
7,521,059 | |||
China − 2.65% | |||
Budweiser Brewing 144A # | 1,855,500 | 2,991,067 | |
China Mengniu Dairy † | 1,608,000 | 4,020,551 | |
7,011,618 | |||
Denmark − 3.87% | |||
Genmab † | 15,163 | 4,212,587 | |
Novo Nordisk Class B | 50,469 | 6,024,267 | |
10,236,854 | |||
France − 15.86% | |||
Airbus | 43,973 | 7,275,736 | |
BNP Paribas | 75,848 | 4,552,401 | |
L'Oreal | 22,792 | 10,887,039 | |
LVMH Moet Hennessy Louis Vuitton | 6,196 | 5,655,310 | |
Thales | 36,122 | 5,357,386 | |
TotalEnergies | 79,869 | 5,090,786 | |
Vinci | 23,977 | 3,072,464 | |
41,891,122 | |||
Germany − 12.09% | |||
Deutsche Telekom | 310,196 | 7,373,046 | |
Heidelberg Materials | 34,612 | 3,360,788 | |
HelloFresh † | 194,817 | 2,704,331 | |
KION Group AG | 56,100 | 2,834,509 | |
SAP | 48,276 | 9,046,604 | |
Siemens | 21,181 | 4,193,181 | |
Siemens Healthineers 144A # | 40,292 | 2,418,184 | |
31,930,643 | |||
Hong Kong − 0.15% | |||
Prudential | 39,528 | 389,463 | |
389,463 |
NQ- 034 [0224] 0424 (3502109) 1
Schedule of investments
Delaware International Equity Fund (Unaudited)
Number of shares | Value (US $) | ||
Common StocksΔ (continued) | |||
India − 3.06% | |||
Axis Bank GDR | 53,316 | $ 3,476,203 | |
ICICI Bank ADR | 179,445 | 4,595,587 | |
8,071,790 | |||
Japan − 15.11% | |||
Asahi Group Holdings | 244,400 | 8,372,525 | |
Mitsubishi UFJ Financial Group | 690,000 | 7,088,241 | |
Mitsui Chemicals | 124,000 | 3,438,786 | |
Renesas Electronics | 345,200 | 5,703,769 | |
Seven & i Holdings | 618,000 | 9,210,023 | |
Tokio Marine Holdings | 209,100 | 6,109,203 | |
39,922,547 | |||
Netherlands − 9.02% | |||
Adyen 144A #, † | 2,921 | 4,621,720 | |
ASML Holding | 10,117 | 9,601,052 | |
ING Groep | 342,658 | 4,715,610 | |
Shell | 155,548 | 4,887,198 | |
23,825,580 | |||
Republic of Korea − 0.97% | |||
KB Financial Group | 53,733 | 2,562,754 | |
2,562,754 | |||
Singapore − 0.53% | |||
Sea ADR † | 29,095 | 1,411,690 | |
1,411,690 | |||
Spain − 2.34% | |||
Banco Bilbao Vizcaya Argentaria | 620,232 | 6,186,376 | |
6,186,376 | |||
Switzerland − 5.45% | |||
Alcon | 51,911 | 4,389,075 | |
Nestle | 96,559 | 10,014,830 | |
14,403,905 | |||
Taiwan − 3.11% | |||
Taiwan Semiconductor Manufacturing ADR | 63,891 | 8,220,855 | |
8,220,855 | |||
United Kingdom − 6.97% | |||
AstraZeneca | 38,188 | 4,813,732 | |
HSBC Holdings | 333,113 | 2,592,878 | |
Reckitt Benckiser Group | 132,592 | 8,377,551 |
2 NQ- 034 [0224] 0424 (3502109)
(Unaudited)
Number of shares | Value (US $) | ||
Common StocksΔ (continued) | |||
United Kingdom (continued) | |||
Tesco | 748,221 | $ 2,639,002 | |
18,423,163 | |||
United States − 9.32% | |||
Freshworks Class A † | 118,132 | 2,414,618 | |
Haleon | 1,889,179 | 7,925,548 | |
ICON † | 6,369 | 2,042,029 | |
Newmont | 80,652 | 2,386,046 | |
Schlumberger | 79,401 | 3,837,450 | |
Stellantis | 229,698 | 6,008,811 | |
24,614,502 | |||
Total Common Stocks (cost $242,264,666) | 259,074,230 | ||
Preferred Stock – 0.89%Δ | |||
Germany − 0.89% | |||
Sartorius 0.43% ω | 6,215 | 2,353,809 | |
Total Preferred Stock (cost $1,878,199) | 2,353,809 |
Short-Term Investments – 0.47% | |||
Money Market Mutual Funds – 0.47% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 5.20%) | 310,712 | 310,712 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 5.20%) | 310,713 | 310,713 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 5.32%) | 310,713 | 310,713 | |
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 5.22%) | 310,713 | 310,713 | |
Total Short-Term Investments (cost $1,242,851) | 1,242,851 | ||
Total Value of Securities−99.42% (cost $245,385,716) | 262,670,890 | ||
Receivables and Other Assets Net of Liabilities — 0.58% | 1,522,802 |
Net Assets Applicable to 19,018,378 Shares Outstanding — 100.00% | $264,193,692 |
Δ | Securities have been classified by country of risk. |
† | Non-income producing security. |
NQ- 034 [0224] 0424 (3502109) 3
Schedule of investments
Delaware International Equity Fund (Unaudited)
# | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At February 29, 2024, the aggregate value of Rule 144A securities was $10,030,971, which represents 3.80% of the Fund’s net assets. |
ω | Perpetual security with no stated maturity date. |
Summary of abbreviations: |
ADR – American Depositary Receipt |
AG – Aktiengesellschaft |
GDR – Global Depositary Receipt |
4 NQ- 034 [0224] 0424 (3502109)