Schedule of investments
Delaware Ivy High Income Fund
December 31, 2022 (Unaudited)
Principal amount° | Value (US $) | ||
Convertible Bonds — 2.12% | |||
New Cotai 5.00% exercise price $0.00, maturity date 2/2/27 <<, = | 21,805,540 | $ 50,275,451 | |
Spirit Airlines 1.00% exercise price $49.07, maturity date 5/15/26 * | 4,857,000 | 3,934,170 | |
Total Convertible Bonds (cost $25,411,418) | 54,209,621 |
Corporate Bonds — 79.24% | |||
Automotive — 0.87% | |||
Ford Motor 4.75% 1/15/43 | 9,515,000 | 6,851,256 | |
Goodyear Tire & Rubber 5.25% 7/15/31 | 18,975,000 | 15,545,079 | |
22,396,335 | |||
Banking — 0.51% | |||
Deutsche Bank 6.00% 10/30/25 μ, ψ | 15,400,000 | 13,137,303 | |
13,137,303 | |||
Basic Industry — 3.44% | |||
Cerdia Finanz 144A 10.50% 2/15/27 #, * | 12,970,000 | 10,882,341 | |
Chemours 144A 5.75% 11/15/28 # | 18,340,000 | 16,498,664 | |
First Quantum Minerals 144A 6.875% 10/15/27 # | 7,489,000 | 7,041,782 | |
FMG Resources August 2006 | |||
144A 5.875% 4/15/30 # | 13,205,000 | 12,319,902 | |
144A 6.125% 4/15/32 # | 5,955,000 | 5,562,238 | |
Novelis 144A 4.75% 1/30/30 # | 24,909,000 | 22,139,617 | |
Vibrantz Technologies 144A 9.00% 2/15/30 # | 18,063,000 | 13,654,916 | |
88,099,460 | |||
Capital Goods — 3.40% | |||
ARD Finance 144A PIK 6.50% 6/30/27 #, > | 8,075,311 | 5,629,400 | |
Ardagh Metal Packaging Finance USA 144A 3.25% 9/1/28 # | 2,126,000 | 1,808,621 | |
Bombardier 144A 6.00% 2/15/28 # | 7,463,000 | 6,910,290 | |
Clydesdale Acquisition Holdings 144A 6.625% 4/15/29 # | 3,010,000 | 2,865,597 | |
Sealed Air 144A 5.00% 4/15/29 # | 8,655,000 | 8,148,206 | |
TransDigm 5.50% 11/15/27 | 23,552,000 | 22,164,316 |
Principalamount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Capital Goods (continued) | |||
Wesco Aircraft Holdings | |||
144A 8.50% 11/15/24 # | 31,156,000 | $ 15,422,220 | |
144A 9.00% 11/15/26 #, * | 34,006,000 | 23,039,065 | |
144A 13.125% 11/15/27 # | 4,540,000 | 1,146,350 | |
87,134,065 | |||
Communications — 7.46% | |||
Altice Financing 144A 5.75% 8/15/29 # | 25,860,000 | 20,389,004 | |
Altice France | |||
144A 5.125% 7/15/29 # | 11,143,000 | 8,374,279 | |
144A 5.50% 10/15/29 # | 5,739,000 | 4,386,404 | |
Altice France Holding 144A 6.00% 2/15/28 # | 33,946,000 | 20,111,026 | |
Connect Finco 144A 6.75% 10/1/26 # | 24,994,000 | 23,214,914 | |
Consolidated Communications | |||
144A 5.00% 10/1/28 # | 5,170,000 | 3,819,427 | |
144A 6.50% 10/1/28 #, * | 23,081,000 | 17,993,040 | |
Digicel International Finance | |||
144A 8.00% 12/31/26 # | 5,756,095 | 2,545,115 | |
144A 8.75% 5/25/24 # | 15,719,000 | 13,543,176 | |
Frontier Communications Holdings | |||
144A 5.00% 5/1/28 # | 2,665,000 | 2,329,237 | |
144A 5.875% 10/15/27 # | 10,030,000 | 9,335,623 | |
5.875% 11/1/29 | 5,789,667 | 4,486,852 | |
144A 6.00% 1/15/30 # | 3,564,000 | 2,804,415 | |
144A 6.75% 5/1/29 # | 15,295,000 | 12,673,896 | |
144A 8.75% 5/15/30 # | 4,190,000 | 4,268,330 | |
Ligado Networks 144A PIK 15.50% 11/1/23 #, >> | 41,886,467 | 13,659,177 | |
Northwest Fiber 144A 4.75% 4/30/27 # | 10,425,000 | 9,185,600 | |
Sable International Finance 144A 5.75% 9/7/27 # | 3,004,000 | 2,776,447 | |
Telesat Canada | |||
144A 5.625% 12/6/26 # | 29,713,000 | 13,705,799 | |
144A 6.50% 10/15/27 # | 5,107,000 | 1,485,275 | |
191,087,036 | |||
Consumer Goods — 2.14% | |||
Clydesdale Acquisition Holdings 144A 8.75% 4/15/30 # | 8,380,000 | 7,188,754 | |
Kronos Acquisition Holdings 144A 5.00% 12/31/26 # | 11,043,000 | 9,565,999 | |
MajorDrive Holdings IV 144A 6.375% 6/1/29 # | 29,962,000 | 22,396,325 | |
Pilgrim's Pride 144A 4.25% 4/15/31 # | 17,908,000 | 15,257,616 |
NQ-IV009 [12/22] 2/23 (2742165) 1
Schedule of investments
Delaware Ivy High Income Fund (Unaudited)
Principalamount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Consumer Goods (continued) | |||
Scotts Miracle-Gro 4.00% 4/1/31 | 595,000 | $ 455,419 | |
54,864,113 | |||
Energy — 12.63% | |||
Ascent Resources Utica Holdings | |||
144A 5.875% 6/30/29 # | 8,867,000 | 7,917,610 | |
144A 7.00% 11/1/26 # | 8,882,000 | 8,629,480 | |
Bellatrix Exploration | |||
8.50% 9/11/23 = | 6,693,000 | 0 | |
12.50% 12/15/23 = | 7,293,000 | 0 | |
Callon Petroleum | |||
144A 7.50% 6/15/30 #, * | 9,930,000 | 9,098,859 | |
144A 8.00% 8/1/28 #, * | 16,270,000 | 15,530,997 | |
CNX Midstream Partners 144A 4.75% 4/15/30 # | 1,890,000 | 1,553,514 | |
CNX Resources 144A 6.00% 1/15/29 # | 25,370,000 | 23,381,730 | |
Crestwood Midstream Partners | |||
144A 5.625% 5/1/27 # | 7,419,000 | 6,912,431 | |
144A 6.00% 2/1/29 # | 3,421,000 | 3,143,748 | |
EQM Midstream Partners 144A 4.75% 1/15/31 # | 33,599,000 | 27,532,869 | |
Genesis Energy | |||
7.75% 2/1/28 | 14,335,000 | 13,217,730 | |
8.00% 1/15/27 | 22,288,000 | 21,080,436 | |
Hilcorp Energy I | |||
144A 6.00% 4/15/30 # | 20,775,000 | 18,504,729 | |
144A 6.00% 2/1/31 # | 1,905,000 | 1,650,318 | |
144A 6.25% 4/15/32 # | 8,530,000 | 7,373,211 | |
Laredo Petroleum 10.125% 1/15/28 | 15,088,000 | 14,736,967 | |
Mesquite Energy 144A 7.25% 2/15/23 #, ‡ | 3,888,000 | 63,180 | |
Murphy Oil 6.375% 7/15/28 | 29,207,000 | 28,154,955 | |
NuStar Logistics | |||
6.00% 6/1/26 | 16,523,000 | 15,938,535 | |
6.375% 10/1/30 | 16,710,000 | 15,480,807 | |
Occidental Petroleum | |||
4.20% 3/15/48 | 955,000 | 735,011 | |
4.40% 4/15/46 | 3,873,000 | 3,031,765 | |
4.40% 8/15/49 | 7,410,000 | 5,795,991 | |
4.50% 7/15/44 | 3,985,000 | 3,192,411 | |
6.45% 9/15/36 | 8,895,000 | 9,092,958 | |
6.60% 3/15/46 | 5,880,000 | 6,063,721 | |
6.625% 9/1/30 | 4,835,000 | 5,007,295 | |
Southwestern Energy | |||
5.375% 2/1/29 | 2,990,000 | 2,776,230 | |
5.375% 3/15/30 | 21,650,000 | 19,786,888 |
Principalamount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Energy (continued) | |||
USA Compression Partners | |||
6.875% 4/1/26 | 2,385,000 | $ 2,291,735 | |
6.875% 9/1/27 | 13,630,000 | 12,765,930 | |
Weatherford International 144A 8.625% 4/30/30 # | 13,640,000 | 13,122,951 | |
323,564,992 | |||
Financial Services — 4.04% | |||
AerCap Holdings 5.875% 10/10/79 *, μ | 13,600,000 | 12,401,976 | |
Air Lease 4.65% 6/15/26 μ, ψ | 7,786,000 | 6,526,380 | |
Castlelake Aviation Finance DAC 144A 5.00% 4/15/27 # | 18,084,000 | 15,759,099 | |
Compass Group Diversified Holdings 144A 5.25% 4/15/29 # | 9,213,000 | 7,896,379 | |
Credit Suisse Group 144A 9.75% 6/23/27 #, μ, ψ | 16,910,000 | 14,772,025 | |
Highlands Holdings Bond Issuer 144A PIK 7.625% 10/15/25 #, > | 19,256,975 | 18,017,465 | |
Medline Borrower | |||
144A 3.875% 4/1/29 # | 22,131,000 | 17,876,205 | |
144A 5.25% 10/1/29 #, * | 3,924,000 | 3,123,720 | |
Midcap Financial Issuer Trust 144A 6.50% 5/1/28 # | 8,116,000 | 6,991,650 | |
103,364,899 | |||
Healthcare — 7.41% | |||
Avantor Funding 144A 3.875% 11/1/29 # | 36,068,000 | 30,334,090 | |
Bausch Health 144A 6.125% 2/1/27 # | 12,880,000 | 8,898,534 | |
Cheplapharm Arzneimittel 144A 5.50% 1/15/28 # | 18,185,000 | 15,235,029 | |
CHS | |||
144A 4.75% 2/15/31 # | 12,020,000 | 8,749,298 | |
144A 5.25% 5/15/30 # | 6,560,000 | 4,958,194 | |
Consensus Cloud Solutions | |||
144A 6.00% 10/15/26 # | 6,252,000 | 5,873,790 | |
144A 6.50% 10/15/28 # | 10,770,000 | 9,919,908 | |
Encompass Health | |||
4.625% 4/1/31 | 5,620,000 | 4,839,504 | |
4.75% 2/1/30 | 3,915,000 | 3,444,209 | |
Hadrian Merger Sub 144A 8.50% 5/1/26 # | 8,941,000 | 7,914,618 | |
ModivCare Escrow Issuer 144A 5.00% 10/1/29 # | 18,383,000 | 15,526,282 | |
Organon & Co. 144A 5.125% 4/30/31 # | 26,785,000 | 23,239,611 | |
Par Pharmaceutical 144A 7.50% 4/1/27 #, ‡ | 16,977,000 | 12,938,167 |
2 NQ-IV009 [12/22] 2/23 (2742165)
(Unaudited)
Principalamount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Healthcare (continued) | |||
Tenet Healthcare | |||
144A 4.375% 1/15/30 # | 16,530,000 | $ 14,336,800 | |
144A 6.125% 10/1/28 # | 16,925,000 | 15,189,003 | |
US Renal Care 144A 10.625% 7/15/27 # | 38,595,000 | 8,490,900 | |
189,887,937 | |||
Insurance — 3.91% | |||
Ardonagh Midco 2 144A PIK 11.50% 1/15/27 #, *, >> | 40,708,402 | 38,876,524 | |
HUB International 144A 5.625% 12/1/29 # | 26,605,000 | 23,270,925 | |
Jones Deslauriers Insurance Management 144A 10.50% 12/15/30 # | 9,340,000 | 9,210,679 | |
NFP | |||
144A 6.875% 8/15/28 # | 27,031,000 | 22,340,554 | |
144A 7.50% 10/1/30 # | 6,740,000 | 6,379,907 | |
100,078,589 | |||
Leisure — 5.81% | |||
Boyd Gaming 144A 4.75% 6/15/31 # | 31,070,000 | 27,067,563 | |
Carnival | |||
144A 5.75% 3/1/27 # | 24,678,000 | 17,663,772 | |
144A 6.00% 5/1/29 # | 29,460,000 | 19,686,851 | |
144A 7.625% 3/1/26 # | 8,613,000 | 6,841,863 | |
Royal Caribbean Cruises | |||
144A 5.375% 7/15/27 # | 18,683,000 | 15,150,998 | |
144A 5.50% 8/31/26 # | 1,750,000 | 1,474,375 | |
144A 5.50% 4/1/28 # | 36,986,000 | 29,582,142 | |
Scientific Games Holdings 144A 6.625% 3/1/30 # | 18,485,000 | 15,638,310 | |
Scientific Games International 144A 7.25% 11/15/29 # | 16,450,000 | 15,821,610 | |
148,927,484 | |||
Media — 10.61% | |||
Advantage Sales & Marketing 144A 6.50% 11/15/28 # | 27,779,000 | 21,222,600 | |
AMC Networks 4.25% 2/15/29 | 16,881,000 | 10,543,324 | |
Arches Buyer 144A 6.125% 12/1/28 # | 18,049,000 | 14,508,598 | |
CCO Holdings | |||
144A 4.50% 8/15/30 # | 10,995,000 | 9,108,368 | |
144A 4.75% 2/1/32 # | 13,515,000 | 10,984,249 | |
144A 6.375% 9/1/29 # | 24,785,000 | 23,339,167 | |
CMG Media 144A 8.875% 12/15/27 # | 17,022,000 | 12,839,354 |
Principalamount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Media (continued) | |||
CSC Holdings | |||
144A 4.50% 11/15/31 # | 7,627,000 | $ 5,306,020 | |
144A 4.625% 12/1/30 # | 29,266,000 | 16,237,921 | |
144A 5.00% 11/15/31 # | 11,141,000 | 6,238,960 | |
144A 5.75% 1/15/30 # | 7,623,000 | 4,316,105 | |
Cumulus Media New Holdings 144A 6.75% 7/1/26 # | 16,035,000 | 13,494,735 | |
Directv Financing 144A 5.875% 8/15/27 # | 26,815,000 | 24,041,256 | |
DISH DBS 144A 5.75% 12/1/28 # | 18,330,000 | 14,664,000 | |
Gray Escrow II 144A 5.375% 11/15/31 # | 1,745,000 | 1,260,649 | |
Gray Television 144A 4.75% 10/15/30 # | 7,790,000 | 5,647,750 | |
Nexstar Media 144A 4.75% 11/1/28 # | 15,495,000 | 13,426,572 | |
Sirius XM Radio 144A 4.125% 7/1/30 # | 34,885,000 | 28,866,117 | |
Stagwell Global 144A 5.625% 8/15/29 # | 18,723,000 | 15,473,717 | |
VTR Comunicaciones 144A 4.375% 4/15/29 # | 14,811,000 | 8,696,353 | |
VTR Finance 144A 6.375% 7/15/28 # | 5,206,000 | 2,018,865 | |
VZ Secured Financing 144A 5.00% 1/15/32 # | 11,580,000 | 9,431,116 | |
271,665,796 | |||
Retail — 3.39% | |||
Asbury Automotive Group | |||
4.50% 3/1/28 | 12,172,650 | 10,732,199 | |
144A 4.625% 11/15/29 # | 366,000 | 308,838 | |
4.75% 3/1/30 | 12,623,650 | 10,574,789 | |
144A 5.00% 2/15/32 # | 366,000 | 301,584 | |
CP Atlas Buyer 144A 7.00% 12/1/28 # | 5,339,000 | 3,972,240 | |
LSF9 Atlantis Holdings 144A 7.75% 2/15/26 # | 22,964,000 | 20,353,223 | |
Michaels | |||
144A 5.25% 5/1/28 # | 13,002,000 | 10,476,176 | |
144A 7.875% 5/1/29 # | 10,143,000 | 6,795,286 | |
PetSmart 144A 7.75% 2/15/29 # | 24,727,000 | 23,269,776 | |
86,784,111 | |||
Services — 5.42% | |||
Adtalem Global Education 144A 5.50% 3/1/28 # | 14,497,000 | 13,173,714 | |
Ahern Rentals 144A 7.375% 5/15/23 # | 19,386,000 | 19,386,000 |
NQ-IV009 [12/22] 2/23 (2742165) 3
Schedule of investments
Delaware Ivy High Income Fund (Unaudited)
Principalamount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Services (continued) | |||
CDW 3.569% 12/1/31 | 23,215,000 | $ 19,173,529 | |
NESCO Holdings II 144A 5.50% 4/15/29 # | 22,390,000 | 19,620,357 | |
Sabre GLBL | |||
144A 7.375% 9/1/25 # | 1,481,000 | 1,425,751 | |
144A 9.25% 4/15/25 # | 3,740,000 | 3,732,060 | |
Staples | |||
144A 7.50% 4/15/26 # | 13,597,000 | 11,730,676 | |
144A 10.75% 4/15/27 #, * | 35,046,000 | 25,291,997 | |
United Rentals North America 144A 6.00% 12/15/29 # | 10,255,000 | 10,210,647 | |
White Cap Buyer 144A 6.875% 10/15/28 # | 17,234,000 | 14,935,739 | |
White Cap Parent 144A PIK 8.25% 3/15/26 #, « | 130,000 | 112,546 | |
138,793,016 | |||
Technology & Electronics — 3.30% | |||
AthenaHealth Group 144A 6.50% 2/15/30 # | 9,500,000 | 7,018,669 | |
Entegris Escrow | |||
144A 4.75% 4/15/29 # | 7,582,000 | 6,929,586 | |
144A 5.95% 6/15/30 # | 21,920,000 | 20,243,120 | |
NCR | |||
144A 5.00% 10/1/28 # | 11,115,000 | 9,494,036 | |
144A 5.125% 4/15/29 # | 24,765,000 | 20,755,750 | |
144A 5.25% 10/1/30 # | 3,706,000 | 3,063,509 | |
144A 6.125% 9/1/29 # | 5,323,000 | 4,985,841 | |
Sensata Technologies 144A 4.00% 4/15/29 # | 13,855,000 | 11,968,642 | |
84,459,153 | |||
Transportation — 2.21% | |||
Air Canada 144A 3.875% 8/15/26 # | 14,170,000 | 12,574,921 | |
American Airlines 144A 5.75% 4/20/29 # | 9,964,172 | 9,124,798 | |
Grupo Aeromexico 144A 8.50% 3/17/27 # | 15,550,000 | 13,753,844 | |
Seaspan 144A 5.50% 8/1/29 # | 27,880,000 | 21,164,545 | |
56,618,108 | |||
Utilities — 2.69% | |||
Calpine | |||
144A 4.625% 2/1/29 # | 13,165,000 | 11,317,410 | |
144A 5.00% 2/1/31 # | 1,495,000 | 1,256,561 | |
144A 5.125% 3/15/28 # | 21,855,000 | 19,545,534 |
Principalamount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Utilities (continued) | |||
Vistra | |||
144A 7.00% 12/15/26 #, μ, ψ | 24,815,000 | $ 22,615,850 | |
144A 8.00% 10/15/26 #, μ, ψ | 14,795,000 | 14,159,877 | |
68,895,232 | |||
Total Corporate Bonds (cost $2,420,870,207) | 2,029,757,629 | ||
Municipal Bonds — 0.62% | |||
Commonwealth of Puerto Rico(Restructured) | |||
Series A-1 2.986% 7/1/24^ | 200,170 | 185,602 | |
Series A-1 4.00% 7/1/35 | 436,920 | 368,743 | |
Series A-1 4.00% 7/1/37 | 464,106 | 380,855 | |
GDB Debt Recovery Authority of Puerto Rico 7.50% 8/20/40 | 17,937,528 | 15,022,679 | |
Total Municipal Bonds (cost $18,097,229) | 15,957,879 | ||
Loan Agreements — 10.77% | |||
Advantage Sales & Marketing Tranche B-1 8.284% (LIBOR03M + 4.50%) 10/28/27 • | 6,448,120 | 5,365,035 | |
Air Canada 8.13% (LIBOR03M + 3.50%) 8/11/28 • | 6,583,459 | 6,523,108 | |
Applied Systems 2nd Lien 11.33% (SOFR03M + 5.75%) 9/17/27 • | 19,167,464 | 19,119,546 | |
Ascent Resources Utica Holdings 2nd Lien 12.941% (LIBOR03M + 9.00%) 11/1/25 • | 5,650,000 | 5,984,294 | |
Clydesdale Acquisition Holdings Tranche B 8.598% (SOFR01M + 4.28%) 4/13/29 • | 2,801,178 | 2,676,069 | |
CNT Holdings I 2nd Lien 10.489% (SOFR03M + 6.75%) 11/6/28 • | 9,822,000 | 9,314,527 | |
CP Atlas Buyer Tranche B 7.884% (LIBOR01M + 3.50%) 11/23/27 • | 13,092,462 | 11,513,184 | |
Foresight Energy Operating Tranche A 12.73% (LIBOR03M + 8.00%) 6/30/27 <<, • | 7,612,649 | 7,536,523 |
4 NQ-IV009 [12/22] 2/23 (2742165)
(Unaudited)
Principalamount° | Value (US $) | ||
Loan Agreements (continued) | |||
Form Technologies Tranche B 9.199% (LIBOR03M + 4.50%) 7/22/25 • | 55,166,435 | $ 48,086,761 | |
Heartland Dental 9.323% (SOFR01M + 5.00%) 4/30/25 • | 7,193,850 | 6,798,188 | |
Hexion Holdings 2nd Lien 11.859% (SOFR01M + 7.54%) 3/15/30 • | 14,490,000 | 11,519,550 | |
Hunter Douglas Holding BV Tranche B-1 7.859% (SOFR03M + 3.50%) 2/26/29 • | 7,163,357 | 6,342,257 | |
Jones DesLauriers Insurance Management 1st Lien | |||
8.813% (CDOR03M + 4.25%)3/27/28 • | 23,788,878 | 16,339,481 | |
8.813% (CDOR03M + 4.25%) 3/27/28 • | 5,418,349 | 3,721,613 | |
MLN US HoldCo 1st Lien 11.154% ((SOFR03M + 6.70%)) 10/18/27 • | 32,191,651 | 26,075,237 | |
MLN US HoldCo Tranche B 13.704% ((SOFR03M + 9.25%))Tranche B 10/18/27 • | 13,596,147 | 10,537,014 | |
Pre Paid Legal Services 2nd Lien 11.384% (LIBOR01M + 7.00%) 12/14/29 • | 9,410,000 | 8,645,437 | |
SPX Flow 8.923% (SOFR01M + 4.60%) 4/5/29 • | 18,831,802 | 17,572,426 | |
Swf Holdings I 8.753% (LIBOR03M + 4.00%) 10/6/28 • | 16,362,652 | 13,450,100 | |
UKG 2nd Lien 8.998% (LIBOR03M + 5.25%) 5/3/27 • | 24,051,000 | 22,217,111 | |
United PF Holdings 1st Lien 13.23% (LIBOR03M + 8.50%) 12/30/26 • | 3,610,768 | 3,249,691 | |
West Corporation Tranche B 8.415% (LIBOR03M + 4.00%) 10/10/24 • | 14,372,763 | 13,234,915 | |
Total Loan Agreements (cost $301,445,725) | 275,822,067 |
Number of shares | |||
Common Stocks — 4.59% | |||
Basic Industry — 0.69% | |||
BIS Industries Holdings <<, =, † | 19,682,813 | 0 | |
Foresight Energy <<, =, † | 1,117,414 | 17,174,648 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Basic Industry (continued) | |||
Westmoreland Coal =, † | 211,917 | $ 368,735 | |
17,543,383 | |||
Consumer Goods — 0.00% | |||
ASG Warrant =, † | 19,688 | 0 | |
0 | |||
Energy — 0.50% | |||
KCA Deutag International =, † | 164,333 | 10,572,090 | |
Maritime Finance <<, = | 1,750,000 | 2,228,981 | |
Sabine Oil & Gas Holdings =, † | 5,385 | 6,671 | |
Vantage Drilling International † | 5,353 | 77,619 | |
12,885,361 | |||
Leisure — 2.15% | |||
New Cotai <<, =, † | 20,316,462 | 18,736,877 | |
Studio City International Holdings ADR † | 2,267,875 | 13,516,535 | |
Studio City International Holdings ADR † | 3,843,131 | 22,905,061 | |
55,158,473 | |||
Media — 0.00% | |||
Cumulus Media Class A † | 115 | 714 | |
714 | |||
Retail — 0.26% | |||
True Religion Apparel <<, =, † | 395 | 6,695,736 | |
6,695,736 | |||
Services — 0.96% | |||
Laureate Education | 2,557,942 | 24,607,402 | |
24,607,402 | |||
Utilities — 0.03% | |||
Larchmont Resources <<, =, † | 18,338 | 706,035 | |
706,035 | |||
Total Common Stocks (cost $360,034,787) | 117,597,104 | ||
Preferred Stock — 0.08% | |||
True Religion Apparel 6.25% <<, =, ω | 410 | 2,050,430 | |
Total Preferred Stock (cost $6,748,583) | 2,050,430 | ||
Warrants — 0.02% | |||
California Resources † | 40,269 | 507,389 | |
Total Warrants (cost $3,503,208) | 507,389 | ||
NQ-IV009 [12/22] 2/23 (2742165) 5
Schedule of investments
Delaware Ivy High Income Fund (Unaudited)
Number of shares | Value (US $) | ||
Short-Term Investments — 0.89% | |||
Money Market Mutual Funds — 0.89% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.03%) | 5,690,179 | $ 5,690,179 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.06%) | 5,690,179 | 5,690,179 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 4.23%) | 5,690,179 | 5,690,179 | |
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 4.11%) | 5,690,179 | 5,690,179 | |
Total Short-Term Investments (cost $22,760,716) | 22,760,716 | ||
Total Value of Securities Before Securities Lending Collateral—98.33% (cost $3,158,871,873) | 2,518,662,835 | ||
Securities Lending Collateral — 1.37% | |||
Money Market Mutual Fund — 1.37% | |||
Dreyfus Institutional Preference Government Money Market Fund - Institutional Shares (seven-day effective yield 4.31%) | 35,119,186 | 35,119,186 | |
Total Securities Lending Collateral (cost $35,119,186) | 35,119,186 | ||
Total Value of Securities—99.70% (cost $3,193,991,059) | 2,553,782,021■ | ||
Obligation to Return Securities Lending Collateral — (1.37%) | (35,119,186) | ||
Receivables and Other Assets Net of Liabilities — 1.67% | 42,783,674 | ||
Net Assets Applicable to 439,862,859 Shares Outstanding—100.00% | $2,561,446,509 |
° | Principal amount shown is stated in USD unless noted that the security is denominated in another currency. |
<< | Affiliated company. |
= | The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security. |
* | Fully or partially on loan. |
μ | Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at December 31, 2022. Rate will reset at a future date. |
ψ | Perpetual security. Maturity date represents next call date. |
# | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At December 31, 2022, the aggregate value of Rule 144A securities was $1,709,732,129, which represents 66.75% of the Fund's net assets. |
> | PIK. 100% of the income received was in the form of cash. |
>> | PIK. 100% of the income received was in the form of principal. |
‡ | Non-income producing security. Security is currently in default. |
« | PIK. The first payment of cash and/or principal will be made after December 31, 2022. |
^ | Zero-coupon security. The rate shown is the effective yield at the time of purchase. |
• | 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. |
† | Non-income producing security. |
ω | Perpetual security with no stated maturity date. |
■ | Includes $43,887,786 of securities loaned for which the counterparty pledged additional non-cash collateral valued at $9,895,613. |
6 NQ-IV009 [12/22] 2/23 (2742165)
(Unaudited)
The following foreign currency exchange contracts were outstanding at December 31, 2022:
Foreign Currency Exchange Contracts | ||||||||||
Counterparty | Currency to Receive (Deliver) | In Exchange For | Settlement Date | Unrealized Appreciation | ||||||
TD | CAD | (30,270,000) | USD | 22,754,594 | 1/20/23 | $396,288 |
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 unrealized appreciation (depreciation) is reflected in the Fund's net assets.
Summary of abbreviations: |
ADR – American Depositary Receipt |
CDOR – Canadian Dollar Offered Rate |
CDOR03M – 3 Month Canadian Dollar Offered Rate |
DAC – Designated Activity Company |
ICE – Intercontinental Exchange, Inc. |
LIBOR – London Interbank Offered Rate |
LIBOR01M – ICE LIBOR USD 1 Month |
LIBOR03M – ICE LIBOR USD 3 Month |
LIBOR06M – ICE LIBOR USD 6 Month |
PIK – Payment-in-kind |
SOFR – Secured Overnight Financing Rate |
SOFR01M – Secured Overnight Financing Rate 1 Month |
SOFR03M – Secured Overnight Financing Rate 3 Month |
TD – TD Bank |
Summary of currencies: |
CAD – Canadian Dollar |
USD – US Dollar |
NQ-IV009 [12/22] 2/23 (2742165) 7