Schedule of investments
Delaware Ivy Government Securities Fund
December 31, 2022 (Unaudited)
Principal amount° | Value (US $) | ||
Agency Collateralized Mortgage Obligations — 2.80% | |||
Freddie Mac REMICs | |||
Series 2611 HD 5.00% 5/15/23 | 21,081 | $ 21,027 | |
Series 4568 DA 3.00% 4/15/46 | 898,478 | 821,675 | |
Series 4764 PA 3.00% 10/15/45 | 372,604 | 354,226 | |
Series 4798 BA 4.00% 5/15/44 | 152,877 | 152,061 | |
Series 4922 PA 2.50% 7/25/49 | 791,744 | 696,640 | |
Series 4953 PC 2.00% 8/25/49 | 1,750,455 | 1,501,335 | |
GNMA Series 2004-31 ZB 5.00% 4/20/34 | 967,197 | 967,417 | |
Total Agency Collateralized Mortgage Obligations (cost $5,136,237) | 4,514,381 | ||
Agency Commercial Mortgage-Backed Securities — 17.22% | |||
Fannie Mae - Aces | |||
Series 2016-M11 A2 2.369% 7/25/26 • | 5,432,768 | 5,020,566 | |
Series 2016-M6 A2 2.488% 5/25/26 | 1,762,477 | 1,649,421 | |
Freddie Mac Multifamily Structured Pass Through Certificates | |||
Series K048 A2 3.284% 6/25/25 ♦, • | 3,890,000 | 3,762,747 | |
Series K068 X1 0.425% 8/25/27 | 65,128,875 | 1,087,730 | |
Series K076 A2 3.90% 4/25/28 ♦ | 4,000,000 | 3,898,587 | |
Series K729 A2 3.136% 10/25/24 ♦ | 1,000,000 | 969,703 | |
Series KIR3 A2 3.281% 8/25/27 ♦ | 5,460,000 | 5,153,599 | |
Series KSMC A2 2.615% 1/25/23 ♦ | 5,555,000 | 5,538,237 | |
Series KW02 A1 2.896% 4/25/26 | 754,395 | 734,647 | |
Total Agency Commercial Mortgage-Backed Securities (cost $30,523,964) | 27,815,237 | ||
Agency Mortgage-Backed Securities — 27.44% | |||
Freddie Mac S.F. 30 yr | |||
3.00% 2/1/50 | 809,897 | 718,887 | |
3.50% 6/1/47 | 1,027,250 | 952,701 | |
2.50% 2/1/52 | 2,281,359 | 1,935,409 | |
2.50% 5/1/52 | 234,187 | 198,332 | |
3.50% 7/1/49 | 1,324,272 | 1,221,775 | |
3.50% 4/1/52 | 1,903,549 | 1,738,061 | |
4.00% 10/1/44 | 614,173 | 588,939 | |
4.00% 8/1/52 | 466,285 | 439,817 | |
4.00% 9/1/52 | 1,905,294 | 1,791,890 |
Principal amount° | Value (US $) | ||
Agency Mortgage-Backed Securities (continued) | |||
Freddie Mac S.F. 30 yr | |||
4.50% 9/1/52 | 3,853,134 | $ 3,721,912 | |
5.50% 9/1/52 | 2,896,683 | 2,923,808 | |
5.50% 11/1/52 | 2,947,277 | 2,958,356 | |
Fannie Mae S.F. 20 yr | |||
4.00% 12/1/31 | 489,805 | 474,086 | |
4.00% 8/1/42 | 189,877 | 179,887 | |
4.00% 9/1/42 | 463,496 | 439,108 | |
Fannie Mae S.F. 30 yr | |||
2.00% 3/1/52 | 1,175,116 | 957,426 | |
2.50% 4/1/51 | 2,231,086 | 1,895,276 | |
2.50% 11/1/51 | 924,547 | 784,709 | |
2.50% 1/1/52 | 1,378,119 | 1,168,943 | |
2.50% 2/1/52 | 1,025,267 | 872,976 | |
3.00% 8/1/49 | 1,802,164 | 1,613,616 | |
3.00% 9/1/49 | 1,381,455 | 1,236,453 | |
3.00% 10/1/49 | 599,157 | 530,200 | |
3.00% 1/1/50 | 1,618,792 | 1,441,619 | |
3.50% 5/1/49 | 924,293 | 852,954 | |
3.50% 2/1/50 | 1,368,079 | 1,280,884 | |
4.50% 2/1/48 | 862,624 | 856,095 | |
4.50% 9/1/49 | 959,650 | 940,494 | |
5.00% 6/1/52 | 1,881,587 | 1,855,566 | |
5.00% 9/1/52 | 3,973,456 | 3,918,506 | |
5.50% 10/1/52 | 1,347,329 | 1,351,863 | |
5.50% 11/1/52 | 1,114,892 | 1,127,797 | |
5.50% 12/1/52 | 1,254,794 | 1,258,162 | |
6.00% 4/1/39 | 91,698 | 93,150 | |
Total Agency Mortgage-Backed Securities (cost $46,210,363) | 44,319,657 | ||
Agency Obligations — 1.20% | |||
Federal Home Loan Mortgage | |||
4.00% 2/28/25 | 980,000 | 967,104 | |
4.20% 8/28/25 | 980,000 | 968,228 | |
Total Agency Obligations (cost $1,960,000) | 1,935,332 | ||
US Treasury Obligations — 50.54% | |||
US Treasury Bonds | |||
1.375% 11/15/40 | 3,665,000 | 2,384,684 | |
1.375% 8/15/50 | 2,965,000 | 1,648,644 | |
1.875% 2/15/41 | 4,255,000 | 3,009,748 | |
2.50% 2/15/45 | 3,050,000 | 2,299,116 | |
2.875% 5/15/52 | 8,120,000 | 6,508,688 | |
3.00% 8/15/52 | 3,040,000 | 2,505,625 | |
US Treasury Notes | |||
1.125% 2/15/31 | 6,150,000 | 5,013,931 | |
1.625% 2/15/26 | 2,955,000 | 2,733,837 | |
2.25% 11/15/25 | 11,325,000 | 10,721,590 | |
2.75% 8/15/32 | 1,130,000 | 1,029,183 |
NQ-IV949 [12/22] 2/23 (2747682) 1
Schedule of investments
Delaware Ivy Government Securities Fund (Unaudited)
Principal amount° | Value (US $) | ||
US Treasury Obligations (continued) | |||
US Treasury Notes | |||
2.875% 8/15/28 | 7,495,000 | $ 7,059,646 | |
2.875% 5/15/32 | 7,840,000 | 7,227,500 | |
3.875% 11/30/27 | 1,905,000 | 1,894,880 | |
4.00% 10/31/29 | 13,195,000 | 13,202,216 | |
4.125% 10/31/27 | 8,690,000 | 8,722,588 | |
4.375% 10/31/24 | 5,675,000 | 5,659,261 | |
Total US Treasury Obligations (cost $87,357,222) | 81,621,137 |
Number of shares | |||
Short-Term Investments — 0.42% | |||
Money Market Mutual Funds — 0.42% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.03%) | 171,483 | 171,483 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.06%) | 171,483 | 171,483 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 4.23%) | 171,483 | 171,483 | |
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 4.11%) | 171,483 | 171,483 | |
Total Short-Term Investments (cost $685,932) | 685,932 | ||
Total Value of Securities—99.62% (cost $171,873,718) | 160,891,676 | ||
Receivables and Other Assets Net of Liabilities—0.38% | 611,580 | ||
Net Assets Applicable to 33,594,192 Shares Outstanding—100.00% | $161,503,256 |
° | Principal amount shown is stated in USD unless noted that the security is denominated in another currency. |
• | Variable rate investment. Rates reset periodically. Rate shown reflects the rate in effect at December 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. |
♦ | Pass Through Agreement. Security represents the contractual right to receive a proportionate amount of underlying payments due to the counterparty pursuant to various agreements related to the rescheduling of obligations and the exchange of certain notes. |
2 NQ-IV949 [12/22] 2/23 (2747682)
(Unaudited)
The following futures contracts were outstanding at December 31, 2022:
Futures Contracts Exchange-Traded | |||||||||||
Contracts to Buy (Sell) | Notional Amount | Notional Cost (Proceeds) | Expiration Date | Value/ Unrealized Depreciation | Variation Margin Due from (Due to) Brokers | ||||||
37 | US Treasury 10 yr Notes | $4,154,985 | $4,166,635 | 3/22/23 | $(11,650) | $(5,203) |
The use of futures contracts involves elements of market risk and risks in excess of the amounts disclosed in these financial statements. The notional amounts presented above represent the Fund’s total exposure in such contracts, whereas only the variation margin is reflected in the Fund’s net assets.
Summary of abbreviations: |
GNMA – Government National Mortgage Association |
ICE – Intercontinental Exchange, Inc. |
LIBOR – London Interbank Offered Rate |
LIBOR03M – ICE LIBOR USD 3 Month |
LIBOR06M – ICE LIBOR USD 6 Month |
S.F. – Single Family |
USD – US Dollar |
yr – Year |
NQ-IV949 [12/22] 2/23 (2747682) 3