Schedule of investments
Delaware Ivy Global Bond Fund
December 31, 2022 (Unaudited)
Principal amount° | Value (US $) | ||
Agency Mortgage-Backed Securities – 3.12% | |||
Fannie Mae S.F. 20 yr 4.00% 8/1/42 | 506,976 | $ 480,302 | |
Fannie Mae S.F. 30 yr | |||
3.50% 1/1/52 | 2,186,164 | 1,989,642 | |
5.00% 9/1/52 | 2,780,017 | 2,741,571 | |
5.50% 10/1/52 | 2,148,562 | 2,155,584 | |
Freddie Mac S.F. 15 yr 4.50% 9/1/37 | 830,512 | 825,907 | |
Freddie Mac S.F. 30 yr | |||
4.00% 8/1/52 | 1,349,210 | 1,272,623 | |
4.50% 10/1/35 | 118,726 | 117,428 | |
4.50% 9/1/52 | 1,403,738 | 1,352,477 | |
5.00% 7/1/52 | 1,657,140 | 1,634,224 | |
Total Agency Mortgage-Backed Securities (cost $12,886,677) | 12,569,758 | ||
Corporate BondsΔ – 45.43% | |||
Australia − 0.13% | |||
WestConnex Finance Pty 3.15% 3/31/31 | 1,000,000 | 526,300 | |
526,300 | |||
Brazil − 0.58% | |||
Itau Unibanco Holding 144A 3.25% 1/24/25 # | 1,230,000 | 1,190,597 | |
Rumo Luxembourg 144A 5.25% 1/10/28 # | 435,000 | 412,706 | |
XP 144A 3.25% 7/1/26 # | 800,000 | 719,976 | |
2,323,279 | |||
Chile − 0.81% | |||
Banco del Estado de Chile 144A 2.704% 1/9/25 # | 1,500,000 | 1,418,411 | |
Saci Falabella 3.75% 4/30/23 | 1,850,000 | 1,839,476 | |
3,257,887 | |||
China − 0.40% | |||
ENN Energy Holdings 144A 2.625% 9/17/30 # | 2,000,000 | 1,623,360 | |
1,623,360 | |||
Colombia − 0.35% | |||
Geopark 144A 5.50% 1/17/27 # | 1,635,000 | 1,408,267 | |
1,408,267 | |||
Czech Republic − 0.14% | |||
Energo-Pro 144A 8.50% 2/4/27 # | 600,000 | 550,485 | |
550,485 | |||
France − 1.06% | |||
AXA 5.125% 7/4/43 *, μ | 1,700,000 | 1,832,483 |
Principal amount° | Value (US $) | ||
Corporate BondsΔ (continued) | |||
France (continued) | |||
TotalEnergies 2.708% 5/5/23 μ, ψ | 1,500,000 | $ 1,591,934 | |
Verallia 1.875% 11/10/31 | 1,000,000 | 837,717 | |
4,262,134 | |||
Germany − 1.63% | |||
Aroundtown 1.625% 1/31/28 | 1,700,000 | 1,204,812 | |
Deutsche Bank | |||
0.75% 2/17/27 μ | 1,300,000 | 1,215,079 | |
5.625% 5/19/31 μ | 1,200,000 | 1,256,043 | |
Volkswagen Leasing 0.50% 1/12/29 | 1,500,000 | 1,253,250 | |
Vonovia 0.625% 12/14/29 | 400,000 | 315,589 | |
Vonovia Finance 2.25% 4/7/30 | 1,500,000 | 1,324,362 | |
6,569,135 | |||
Guatemala − 0.48% | |||
Central American Bottling 144A 5.25% 4/27/29 # | 1,500,000 | 1,401,353 | |
CT Trust 144A 5.125% 2/3/32 # | 600,000 | 527,722 | |
1,929,075 | |||
India − 0.85% | |||
Greenko Mauritius 144A 6.25% 2/21/23 #, * | 1,350,000 | 1,344,937 | |
Greenko Power II 144A 4.30% 12/13/28 # | 381,793 | 320,640 | |
Summit Digitel Infrastructure 144A 2.875% 8/12/31 # | 2,300,000 | 1,769,758 | |
3,435,335 | |||
Indonesia − 1.42% | |||
Perusahaan Listrik Negara | |||
144A 5.375% 1/25/29 # | 4,800,000 | 4,641,549 | |
144A 5.45% 5/21/28 # | 1,100,000 | 1,091,304 | |
5,732,853 | |||
Israel − 0.69% | |||
Bank Hapoalim 144A 3.255% 1/21/32 #, μ | 2,055,000 | 1,777,041 | |
Energean Israel Finance 144A 4.875% 3/30/26 # | 1,100,000 | 1,021,020 | |
2,798,061 | |||
Italy − 0.22% | |||
Autostrade per l'Italia 2.00% 12/4/28 | 1,000,000 | 884,038 | |
884,038 | |||
Japan − 0.65% | |||
Sumitomo Mitsui Financial Group 3.748% 7/19/23 | 2,650,000 | 2,631,500 | |
2,631,500 |
NQ-IV054 [12/22] 2/23 (2742192) 1
Schedule of investments
Delaware Ivy Global Bond Fund (Unaudited)
Principal amount° | Value (US $) | ||
Corporate BondsΔ (continued) | |||
Kazakhstan − 1.04% | |||
Development Bank of Kazakhstan | |||
144A 5.75% 5/12/25 # | 2,000,000 | $ 2,002,200 | |
144A 10.95% 5/6/26 # | 429,000,000 | 745,405 | |
KazTransGas JSC 144A 4.375% 9/26/27 # | 1,588,000 | 1,439,062 | |
4,186,667 | |||
Kuwait − 1.31% | |||
NBK SPC 144A 1.625% 9/15/27 #, μ | 6,000,000 | 5,287,032 | |
5,287,032 | |||
Malaysia − 0.15% | |||
Petronas Capital 144A 3.50% 4/21/30 # | 650,000 | 594,470 | |
594,470 | |||
Mexico − 1.42% | |||
Banco Santander Mexico | |||
144A 5.375% 4/17/25 # | 1,150,000 | 1,140,455 | |
144A 5.95% 10/1/28 #, μ | 850,000 | 849,193 | |
BBVA Bancomer | |||
144A 1.875% 9/18/25 # | 1,400,000 | 1,271,158 | |
144A 5.875% 9/13/34 #, μ | 1,700,000 | 1,573,016 | |
Corp Inmobiliaria Vesta 144A 3.625% 5/13/31 #, * | 1,100,000 | 884,675 | |
5,718,497 | |||
Netherlands − 3.36% | |||
ABN AMRO Bank 2.875% 1/18/28 μ | 3,800,000 | 4,067,763 | |
ING Groep | |||
2.125% 5/26/31 μ | 1,200,000 | 1,167,052 | |
3.00% 4/11/28 μ | 7,800,000 | 8,314,442 | |
13,549,257 | |||
Paraguay − 0.38% | |||
Rutas 2 and 7 Finance 144A 8.67% 9/30/36 #, ^ | 2,445,334 | 1,545,523 | |
1,545,523 | |||
Peru − 0.99% | |||
Banco Internacional del Peru 144A 3.25% 10/4/26 # | 800,000 | 729,167 | |
Corp. Financiera de Desarrollo 144A 2.40% 9/28/27 # | 1,300,000 | 1,088,952 | |
SAN Miguel Industrias Pet 144A 3.50% 8/2/28 # | 2,550,000 | 2,179,404 | |
3,997,523 |
Principal amount° | Value (US $) | ||
Corporate BondsΔ (continued) | |||
Singapore − 0.58% | |||
DBS Group Holdings 1.50% 4/11/28 μ | 2,200,000 | $ 2,331,814 | |
2,331,814 | |||
South Africa − 0.18% | |||
Bidvest Group UK 144A 3.625% 9/23/26 # | 822,000 | 742,776 | |
742,776 | |||
Spain − 0.16% | |||
Abertis Infraestructuras Finance 3.248% 11/24/25 μ, ψ | 700,000 | 636,194 | |
636,194 | |||
Switzerland − 0.86% | |||
Credit Suisse Group 144A 4.282% 1/9/28 # | 1,800,000 | 1,494,631 | |
Holcim Finance Luxembourg 0.50% 4/23/31 | 1,500,000 | 1,198,815 | |
UBS Group 144A 4.751% 5/12/28 #, μ | 800,000 | 766,817 | |
3,460,263 | |||
Tanzania − 0.31% | |||
AngloGold Ashanti Holdings 3.75% 10/1/30 | 1,450,000 | 1,258,864 | |
1,258,864 | |||
Thailand − 0.17% | |||
Thaioil Treasury Center 144A 2.50% 6/18/30 # | 850,000 | 665,985 | |
665,985 | |||
Ukraine − 0.35% | |||
Metinvest 8.50% 4/23/26 | 1,280,000 | 691,200 | |
MHP Lux 6.95% 4/3/26 | 1,445,000 | 715,236 | |
1,406,436 | |||
United Arab Emirates − 0.83% | |||
Galaxy Pipeline Assets Bidco 144A 1.75% 9/30/27 # | 1,705,179 | 1,582,453 | |
MAF Sukuk 3.933% 2/28/30 | 1,901,000 | 1,772,528 | |
3,354,981 | |||
United Kingdom − 1.58% | |||
Babcock International Group 1.375% 9/13/27 | 1,450,000 | 1,296,508 | |
Barclays | |||
2.00% 2/7/28 μ | 4,500,000 | 4,783,388 | |
7.325% 11/2/26 μ | 285,000 | 295,515 | |
6,375,411 |
2 NQ-IV054 [12/22] 2/23 (2742192)
(Unaudited)
Principal amount° | Value (US $) | ||
Corporate BondsΔ (continued) | |||
United States − 22.15% | |||
Air Lease | |||
2.875% 1/15/32 | 1,765,000 | $ 1,406,650 | |
5.85% 12/15/27 | 2,230,000 | 2,231,415 | |
Aircastle 4.40% 9/25/23 | 2,800,000 | 2,772,920 | |
Aon 5.00% 9/12/32 | 1,025,000 | 1,016,801 | |
Appalachian Power 4.50% 8/1/32 | 1,135,000 | 1,061,629 | |
Autodesk 2.40% 12/15/31 | 695,000 | 556,988 | |
Aviation Capital Group 144A 3.50% 11/1/27 # | 1,080,000 | 945,012 | |
Bank of America | |||
3.648% 3/31/29 *, μ | 1,500,000 | 1,552,946 | |
6.204% 11/10/28 μ | 2,160,000 | 2,234,020 | |
Bank of New York Mellon 5.802% 10/25/28 μ | 310,000 | 321,113 | |
CDW 3.276% 12/1/28 | 760,000 | 652,107 | |
Celanese US Holdings | |||
6.05% 3/15/25 | 990,000 | 986,985 | |
6.165% 7/15/27 | 485,000 | 479,146 | |
Charter Communications Operating 3.85% 4/1/61 | 400,000 | ��� 232,753 | |
Citigroup 5.61% 9/29/26 μ | 2,190,000 | 2,201,672 | |
Citizens Bank 6.064% 10/24/25 μ | 2,120,000 | 2,145,421 | |
Digital Realty Trust | |||
4.45% 7/15/28 | 535,000 | 507,527 | |
5.55% 1/15/28 | 930,000 | 937,823 | |
Discovery Communications 4.00% 9/15/55 | 900,000 | 543,946 | |
Duke Energy | |||
2.55% 6/15/31 | 261,000 | 213,319 | |
3.10% 6/15/28 | 1,200,000 | 1,204,906 | |
Energy Transfer 5.75% 2/15/33 | 1,750,000 | 1,715,499 | |
Entegris Escrow 144A 4.75% 4/15/29 # | 1,660,000 | 1,517,161 | |
Fifth Third Bancorp | |||
4.337% 4/25/33 μ | 686,000 | 628,727 | |
6.361% 10/27/28 μ | 469,000 | 483,382 | |
Ford Motor Credit | |||
2.30% 2/10/25 | 475,000 | 434,425 | |
2.90% 2/10/29 | 695,000 | 556,024 | |
GE HealthCare Technologies | |||
144A 5.60% 11/15/25 # | 2,265,000 | 2,281,379 | |
144A 5.65% 11/15/27 # | 2,265,000 | 2,295,474 | |
Honeywell International 4.125% 11/2/34 | 1,300,000 | 1,378,741 | |
Humana | |||
5.75% 3/1/28 | 630,000 | 644,424 | |
5.875% 3/1/33 | 960,000 | 994,114 |
Principal amount° | Value (US $) | ||
Corporate BondsΔ (continued) | |||
United States (continued) | |||
Huntington National Bank 5.65% 1/10/30 | 2,620,000 | $ 2,646,212 | |
Indianapolis Power & Light 144A 5.65% 12/1/32 # | 3,390,000 | 3,487,557 | |
JBS USA LUX 144A 3.625% 1/15/32 # | 2,865,000 | 2,324,790 | |
JPMorgan Chase & Co. | |||
3.54% 5/1/28 μ | 2,132,000 | 1,965,117 | |
4.851% 7/25/28 μ | 1,620,000 | 1,581,809 | |
KeyCorp 4.789% 6/1/33 μ | 779,000 | 737,805 | |
Mileage Plus Holdings 144A 6.50% 6/20/27 # | 1,093,571 | 1,089,636 | |
Morgan Stanley | |||
2.95% 5/7/32 μ | 2,200,000 | 2,092,957 | |
6.138% 10/16/26 μ | 2,665,000 | 2,724,746 | |
6.296% 10/18/28 μ | 1,810,000 | 1,871,681 | |
6.342% 10/18/33 μ | 1,030,000 | 1,082,533 | |
Oracle | |||
5.80% 11/10/25 | 885,000 | 905,797 | |
6.15% 11/9/29 | 1,885,000 | 1,961,027 | |
PNC Financial Services Group 6.20% 9/15/27 μ, ψ | 355,000 | 347,811 | |
PPG Industries 2.75% 6/1/29 | 1,400,000 | 1,396,497 | |
Raytheon Technologies 2.15% 5/18/30 | 600,000 | 557,332 | |
Sagicor Financial 144A 5.30% 5/13/28 #, * | 1,400,000 | 1,313,578 | |
Southern Co. Gas Capital 5.15% 9/15/32 | 3,591,000 | 3,535,407 | |
State Street | |||
5.751% 11/4/26 μ | 865,000 | 886,392 | |
5.82% 11/4/28 μ | 605,000 | 625,863 | |
SVB Financial Group 4.57% 4/29/33 μ | 1,510,000 | 1,340,135 | |
Targa Resources Partners 5.00% 1/15/28 | 1,745,000 | 1,667,502 | |
Truist Financial 6.123% 10/28/33 μ | 2,041,000 | 2,153,977 | |
US Bancorp 5.727% 10/21/26 μ | 2,735,000 | 2,788,605 | |
Valero Energy 3.65% 12/1/51 | 880,000 | 625,306 | |
VICI Properties 4.95% 2/15/30 | 2,310,000 | 2,202,047 | |
Vistra Operations 144A 5.125% 5/13/25 # | 2,105,000 | 2,062,237 | |
Waste Connections 4.20% 1/15/33 | 2,310,000 | 2,152,584 | |
Wells Fargo & Co. 4.808% 7/25/28 μ | 1,685,000 | 1,648,509 | |
Westlake 1.625% 7/17/29 | 1,200,000 | 1,042,143 |
NQ-IV054 [12/22] 2/23 (2742192) 3
Schedule of investments
Delaware Ivy Global Bond Fund (Unaudited)
Principal amount° | Value (US $) | ||
Corporate BondsΔ (continued) | |||
United States (continued) | |||
Zoetis 5.40% 11/14/25 | 1,310,000 | $ 1,337,600 | |
89,289,641 | |||
Uzbekistan − 0.20% | |||
Uzbekneftegaz 4.75% 11/16/28 | 1,000,000 | 805,440 | |
805,440 | |||
Total Corporate Bonds (cost $194,788,945) | 183,138,483 | ||
Sovereign BondsΔ – 24.35% | |||
Albania − 0.19% | |||
Albania Government International Bond 144A 3.50% 11/23/31 # | 896,000 | 781,522 | |
Angola − 0.55% | |||
Angolan Government International Bonds | |||
144A 8.75% 4/14/32 # | 2,200,000 | 1,910,480 | |
8.75% 4/14/32 | 345,000 | 299,598 | |
2,210,078 | |||
Armenia − 0.20% | |||
Republic of Armenia International Bond 144A 3.60% 2/2/31 # | 993,000 | 794,129 | |
Bermuda − 0.90% | |||
Bermuda Government International Bonds | |||
144A 2.375% 8/20/30 # | 1,688,000 | 1,432,330 | |
144A 5.00% 7/15/32 # | 800,000 | 796,523 | |
5.00% 7/15/32 | 1,405,000 | 1,398,893 | |
3,627,746 | |||
Brazil − 0.32% | |||
Brazil Notas do Tesouro Nacional Serie F 10.00% 1/1/33 | 8,000,000 | 1,298,485 | |
Chile − 1.31% | |||
Chile Government International Bonds | |||
3.10% 5/7/41 | 1,914,000 | 1,381,597 | |
2.55% 7/27/33 | 3,000,000 | 2,356,854 | |
4.34% 3/7/42 | 1,800,000 | 1,527,553 | |
5,266,004 | |||
Colombia − 1.73% | |||
Colombia Government International Bonds | |||
3.00% 1/30/30 | 2,300,000 | 1,766,028 | |
3.125% 4/15/31 | 5,089,000 | 3,794,937 | |
4.125% 2/22/42 * | 2,268,000 | 1,426,174 | |
6,987,139 |
Principal amount° | Value (US $) | ||
Sovereign BondsΔ (continued) | |||
Dominican Republic − 1.15% | |||
Dominican Republic International Bonds | |||
144A 4.875% 9/23/32 # | 3,577,000 | $ 2,982,542 | |
144A 5.50% 2/22/29 # | 1,800,000 | 1,662,950 | |
4,645,492 | |||
Egypt − 0.34% | |||
Egypt Government International Bond 5.25% 10/6/25 | 1,543,000 | 1,389,410 | |
Finland − 1.87% | |||
Finland Government Bond 144A 1.375% 4/15/27 # | 7,500,000 | 7,546,167 | |
Georgia − 0.19% | |||
Georgia Government International Bond 144A 2.75% 4/22/26 # | 854,000 | 775,958 | |
Germany − 0.57% | |||
Bundesobligation 1.30% 10/15/27 | 1,000,000 | 1,012,820 | |
Bundesrepublik Deutschland Bundesanleihe 1.29% 2/15/32 | 1,500,000 | 1,284,787 | |
2,297,607 | |||
Indonesia − 1.39% | |||
Indonesia Government International Bonds | |||
2.95% 1/11/23 | 2,900,000 | 2,876,945 | |
3.85% 10/15/30 * | 700,000 | 656,728 | |
Perusahaan Penerbit SBSN Indonesia III 4.70% 6/6/32 | 2,083,000 | 2,053,446 | |
5,587,119 | |||
Italy − 0.72% | |||
Italy Buoni Poliennali Del Tesoro | |||
144A 4.00% 4/30/35 # | 2,500,000 | 2,491,539 | |
2.50% 12/1/32 | 450,000 | 403,325 | |
2,894,864 | |||
Ivory Coast − 1.28% | |||
Ivory Coast Government International Bond 144A 6.125% 6/15/33 # | 5,768,000 | 5,147,940 | |
Morocco − 0.69% | |||
Morocco Government International Bonds | |||
5.50% 12/11/42 | 700,000 | 603,586 | |
144A 2.375% 12/15/27 # | 2,500,000 | 2,184,447 | |
2,788,033 |
4 NQ-IV054 [12/22] 2/23 (2742192)
(Unaudited)
Principal amount° | Value (US $) | ||
Sovereign BondsΔ (continued) | |||
Netherlands − 0.58% | |||
Netherlands Government Bond 144A 0.50% 7/15/32 # | 2,690,000 | $ 2,329,118 | |
New Zealand − 2.32% | |||
New Zealand Government Bond 4.25% 5/15/34 | 15,100,000 | 9,373,582 | |
Paraguay − 2.13% | |||
Paraguay Government International Bonds | |||
5.60% 3/13/48 * | 1,693,000 | 1,484,450 | |
144A 4.95% 4/28/31 # | 5,767,000 | 5,594,731 | |
144A 2.739% 1/29/33 #, * | 1,887,000 | 1,521,991 | |
8,601,172 | |||
Republic of North Macedonia − 0.37% | |||
North Macedonia Government International Bond 144A 1.625% 3/10/28 # | 1,777,000 | 1,494,457 | |
Senegal − 0.44% | |||
Senegal Government International Bond 144A 6.25% 5/23/33 # | 2,122,000 | 1,759,919 | |
South Africa − 1.24% | |||
Republic of South Africa Government International Bonds | |||
5.65% 9/27/47 | 4,756,000 | 3,512,158 | |
5.75% 9/30/49 | 1,995,000 | 1,473,970 | |
4,986,128 | |||
Spain − 1.92% | |||
Spain Government Bonds | |||
144A 1.00% 10/31/50 # | 130,000 | 72,812 | |
144A 0.50% 10/31/31 # | 6,090,000 | 5,077,844 | |
144A 3.45% 7/30/43 # | 2,590,000 | 2,575,402 | |
7,726,058 | |||
United Kingdom − 0.80% | |||
United Kingdom Gilt 0.875% 7/31/33 | 3,590,000 | 3,240,602 | |
Uzbekistan − 1.15% | |||
Republic of Uzbekistan International Bonds | |||
144A 5.375% 2/20/29 # | 3,481,000 | 3,235,450 | |
144A 4.75% 2/20/24 # | 750,000 | 737,449 | |
144A 14.00% 7/19/24 # | 7,800,000,000 | 655,684 | |
4,628,583 | |||
Total Sovereign Bonds (cost $99,707,588) | 98,177,312 | ||
Principal amount° | Value (US $) | ||
Supranational Banks – 2.50% | |||
Banco Latinoamericano de Comercio Exterior 144A 2.375% 9/14/25 # | 2,000,000 | $ 1,828,440 | |
Banque Ouest Africaine de Developpement 5.00% 7/27/27 | 1,800,000 | 1,699,686 | |
Central American Bank for Economic Integration 144A 1.14% 2/9/26 # | 2,000,000 | 1,778,980 | |
Corp Andina de Fomento 2.375% 5/12/23 | 650,000 | 642,694 | |
Corp Andina de Fomento 5.25% 11/21/25 | 1,100,000 | 1,098,779 | |
European Union 1.00% 7/6/32 | 3,420,000 | 3,026,652 | |
Total Supranational Banks (cost $10,661,037) | 10,075,231 | ||
US Treasury Obligations – 20.35% | |||
US Treasury Notes | |||
0.375% 7/31/27 | 4,000,000 | 3,394,062 | |
0.375% 9/30/27 | 4,600,000 | 3,878,555 | |
0.50% 2/28/26 | 4,800,000 | 4,277,812 | |
1.25% 4/30/28 | 8,680,000 | 7,532,613 | |
1.25% 5/31/28 | 5,000,000 | 4,330,078 | |
2.375% 5/15/27 | 8,525,000 | 7,949,896 | |
2.375% 3/31/29 | 17,585,000 | 15,992,390 | |
2.875% 5/15/28 | 3,000,000 | 2,831,367 | |
2.875% 4/30/29 | 9,000,000 | 8,430,293 | |
4.00% 10/31/29 | 9,400,000 | 9,405,141 | |
4.125% 10/31/27 | 495,000 | 496,856 | |
4.125% 11/15/32 | 1,000,000 | 1,020,703 | |
4.25% 10/15/25 | 12,485,000 | 12,477,197 | |
Total US Treasury Obligations (cost $87,918,690) | 82,016,963 |
Number of contracts | |||
Options Purchased – 0.03% | |||
Foreign Currency Call Options – 0.01% | |||
GBP versus USD strike price 1.04 GBP, expiration date 4/12/23, notional amount $6,983,881 (JPMCB) | 6,715,270 | 8,417 | |
USD versus CNH strike price 7.30 USD, expiration date 4/13/23, notional amount $126,484,180 (JPMCB) | 17,326,600 | 44,687 | |
53,104 |
NQ-IV054 [12/22] 2/23 (2742192) 5
Schedule of investments
Delaware Ivy Global Bond Fund (Unaudited)
Number of contracts | Value (US $) | ||
Options Purchased (continued) | |||
Foreign Currency Put Options – 0.02% | |||
EUR versus JPY strike price 128 EUR, expiration date 5/23/23, notional amount $1,168,000,000 (JPMCB) | 9,125,000 | $ 78,106 | |
EUR versus USD strike price 0.70 EUR, expiration date 4/12/23, notional amount $2,819,394 (JPMCB) | 4,027,705 | 14 | |
EUR versus USD strike price 0.94 EUR, expiration date 4/12/23, notional amount $7,572,085 (JPMCB) | 8,055,410 | 4,656 | |
EUR versus USD strike price 0.97 EUR, expiration date 3/1/23, notional amount $13,864,744 (JPMCB) | 14,293,550 | 4,732 | |
GBP versus USD strike price 0.74 GBP, expiration date 4/12/23, notional amount $2,484,650 (JPMCB) | 3,357,635 | 30 | |
87,538 | |||
Total Options Purchased (cost $988,418) | 140,642 |
Number of shares | |||
Short-Term Investments – 2.68% | |||
Money Market Mutual Funds – 2.68% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.03%) | 2,704,686 | 2,704,686 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.06%) | 2,704,686 | 2,704,686 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 4.23%) | 2,704,686 | 2,704,686 |
Number of shares | Value (US $) | ||
Short-Term Investments (continued) | |||
Money Market Mutual Funds (continued) | |||
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 4.11%) | 2,704,686 | $ 2,704,686 | |
Total Short-Term Investments (cost $10,818,744) | 10,818,744 | ||
Total Value of Securities Before Securities Lending Collateral and Options Written−98.46% (cost $417,770,099) | 396,937,133 |
Securities Lending Collateral – 1.09% | |||
Money Market Mutual Fund − 1.09% | |||
Dreyfus Institutional Preference Government Money Market Fund - Institutional Shares (seven-day effective yield 4.31%) | 4,381,187 | 4,381,187 | |
Total Securities Lending Collateral (cost $4,381,187) | 4,381,187 |
Number of contracts | |||
Options Written – (0.01)% | |||
Foreign Currency Call Options – (0.00)% | |||
GBP versus USD strike price 0.94 GBP, expiration date 4/12/23, notional amount $(9,468,531) (JPMCB) | (10,072,905) | (2,254) | |
USD versus CNH strike price 7.50 USD, expiration date 4/13/23, notional amount $(129,949,500) (JPMCB) | (17,326,600) | (23,029) | |
(25,283) | |||
Foreign Currency Put Options – (0.01)% | |||
EUR versus JPY strike price 118 EUR, expiration date 5/23/23, notional amount $(1,076,750,000) (JPMCB) | (9,125,000) | (24,112) |
6 NQ-IV054 [12/22] 2/23 (2742192)
(Unaudited)
Number of contracts | Value (US $) | ||
Options Written (continued) | |||
EUR versus USD strike price 0.86 EUR, expiration date 4/12/23, notional amount $(10,391,479) (JPMCB) | (12,083,115) | $ (1,101) | |
EUR versus USD strike price 0.93 EUR, expiration date 3/1/23, notional amount $(13,293,002) (JPMCB) | (14,293,550) | (1,132) | |
(26,345) | |||
Total Options Written (premium received $503,134) | (51,628) | ||
Total Value of Securities−99.54% (cost $421,648,152) | 401,266,692■ |
Obligation to Return Securities Lending Collateral — (1.09%) | (4,381,187) | ||
Receivables and Other Assets Net of Liabilities — 1.54%★ | 6,226,324 | ||
Net Assets Applicable to 45,278,906 Shares Outstanding — 100.00% | $403,111,829 |
° | Principal amount shown is stated in USD unless noted that the security is denominated in another currency. |
Δ | Securities have been classified by country of risk. |
# | 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 $122,287,128, which represents 30.34% of the Fund's net assets. |
* | 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. |
^ | Zero-coupon security. The rate shown is the effective yield at the time of purchase. |
■ | Includes $4,837,555 of securities loaned for which the counterparty pledged additional non-cash collateral valued at $708,648. |
★ | Includes $3,430,244 cash collateral held at broker for futures contracts as of December 31 2022. |
The following foreign currency exchange contracts, futures contracts and swap contracts were outstanding at December 31, 2022:
Foreign Currency Exchange Contracts | ||||||||||||
Counterparty | Currency to Receive (Deliver) | In Exchange For | Settlement Date | Unrealized Appreciation | Unrealized Depreciation | |||||||
JPMCB | CLP | 1,593,487,600 | USD | (1,763,683) | 2/3/23 | $108,131 | $— | |||||
JPMCB | EUR | (33,328,401) | USD | 34,813,181 | 1/20/23 | — | (810,838) | |||||
JPMCB | EUR | (2,078,000) | USD | 2,156,908 | 2/3/23 | — | (73,066) | |||||
JPMCB | GBP | (2,300,000) | USD | 2,747,367 | 1/20/23 | — | (20,983) | |||||
TD | AUD | 4,850,786 | USD | (3,260,778) | 1/20/23 | 31,803 | — | |||||
TD | EUR | (38,928,401) | USD | 40,638,136 | 1/20/23 | — | (971,604) | |||||
TD | JPY | 925,000,000 | USD | (6,645,805) | 1/20/23 | 385,196 | — | |||||
TD | NZD | (15,100,000) | USD | 9,289,187 | 1/20/23 | — | (263,910) | |||||
Total Foreign Currency Exchange Contracts | $525,130 | $(2,140,401) |
NQ-IV054 [12/22] 2/23 (2742192) 7
Schedule of investments
Delaware Ivy Global Bond Fund (Unaudited)
Futures Contracts Exchange-Traded | |||||||||||||
Contracts to Buy (Sell) | Notional Amount | Notional Cost (Proceeds) | Expiration Date | Value/ Unrealized Appreciation | Value/ Unrealized Depreciation | Variation Margin Due from (Due to) Brokers | |||||||
702 | 90 Day Bank Bill | $4,607,025 | $4,634,260 | 3/9/23 | $— | $(27,235) | $8,713 | ||||||
(508) | 90 Day Euro | (120,916,700) | (123,061,696) | 12/18/23 | 2,144,996 | — | 57,150 | ||||||
333 | Australian Treasury 10 yr Bonds | 26,227,651 | 27,644,978 | 3/15/23 | — | (1,417,327) | (56,339) | ||||||
(148) | Euro-Bobl | (18,337,879) | (18,964,949) | 3/8/23 | 627,070 | — | 70,003 | ||||||
(31) | Euro-BTP | (3,614,396) | (3,899,383) | 3/8/23 | 284,987 | — | 38,000 | ||||||
(47) | Euro-Bund | (6,687,861) | (6,943,868) | 3/8/23 | 256,007 | — | 54,011 | ||||||
(21) | Euro-Buxl | (3,040,121) | (3,601,165) | 3/8/23 | 561,044 | — | 80,300 | ||||||
68 | Euro-Oat | 9,266,243 | 9,927,320 | 3/8/23 | — | (661,077) | (86,376) | ||||||
35 | Euro-Schatz | 3,949,639 | 3,964,871 | 3/8/23 | — | (15,232) | (4,905) | ||||||
43 | Long 10 yr Gilt | 5,193,287 | 5,420,531 | 3/29/23 | — | (227,244) | 5,304 | ||||||
(259) | US Treasury 2 yr Notes | (53,115,234) | (53,322,815) | 3/31/23 | 207,581 | — | 40,469 | ||||||
153 | US Treasury 5 yr Notes | 16,513,243 | 16,558,096 | 3/31/23 | — | (44,853) | (13,149) | ||||||
(162) | US Treasury 10 yr Notes | (18,192,095) | (18,400,059) | 3/22/23 | 207,964 | — | 22,780 | ||||||
173 | US Treasury 10 yr Ultra Notes | 20,462,656 | 20,642,931 | 3/22/23 | — | (180,275) | (10,812) | ||||||
(8) | US Treasury Long Bonds | (1,002,750) | (1,002,105) | 3/22/23 | — | (645) | 1,250 | ||||||
(25) | US Treasury Ultra Bonds | (3,357,813) | (3,338,022) | 3/22/23 | — | (19,791) | 12,500 | ||||||
Total Futures Contracts | $(143,741,075) | $4,289,649 | $(2,593,679) | $218,899 |
CDS Contracts1 | ||||||||||||
Counterparty/ Reference Obligation/ Termination Date/ Payment Frequency | Notional Amount2 | Annual Protection Payments | Value | Upfront Payments Paid (Received) | Unrealized Depreciation3 | Variation Margin Due from (Due to) Brokers | ||||||
Centrally Cleared: | ||||||||||||
Protection Purchased/Moody’s Ratings: | ||||||||||||
CDX.NA.IG.39.V1 12/20/27-Quarterly | 25,400,000 | 1.000% | $(202,440) | $(126,545) | $(75,895) | $18,734 | ||||||
(202,440) | (126,545) | (75,895) | 18,734 | |||||||||
Total CDS Contracts | $(202,440) | $(126,545) | $(75,895) | $18,734 |
The use of foreign currency exchange contracts, futures contracts and swap contracts involves elements of market risk and risks in excess of the amounts disclosed in the schedule of investments. The foreign currency exchange contracts and notional amounts presented above represent the Fund's total exposure in such contracts, whereas only the net unrealized appreciation (depreciation) and variation margin are reflected in the Fund's net assets.
8 NQ-IV054 [12/22] 2/23 (2742192)
(Unaudited)
1 | A CDS contract is a risk-transfer instrument through which one party (purchaser of protection) transfers to another party (seller of protection) the financial risk of a credit event (as defined in the CDS agreement), as it relates to a particular reference security or basket of securities (such as an index). Periodic payments (receipts) on such contracts are accrued daily and recorded as unrealized losses (gains) on swap contracts. Upon payment (receipt), such amounts are recorded as realized losses (gains) on swap contracts. Upfront payments made or received in connection with CDS contracts are amortized over the expected life of the CDS contracts as unrealized losses (gains) on swap contracts. The change in value of CDS contracts is recorded daily as unrealized appreciation or depreciation. A realized gain or loss is recorded upon a credit event (as defined in the CDS agreement) or the maturity or termination of the CDS agreement. |
2 | Notional amount shown is stated in USD unless noted that the swap is denominated in another currency. |
3 | Unrealized appreciation (depreciation) does not include periodic interest payments (receipt) on swap contracts accrued daily in the amount of $(6,234). |
Summary of abbreviations: |
BTP – Buoni del Tesoro Poliennali |
CDS – Credit Default Swap |
CDX.NA.IG – Credit Default Swap Index North America Investment Grade |
JPMCB – JPMorgan Chase Bank |
JSC – Joint Stock Company |
S.F. – Single Family |
TD – TD Bank |
yr – Year |
Summary of currencies: |
AUD – Australian Dollar |
CLP – Chilean Peso |
EUR – European Monetary Unit |
GBP – British Pound Sterling |
JPY – Japanese Yen |
NZD – New Zealand Dollar |
USD – US Dollar |
NQ-IV054 [12/22] 2/23 (2742192) 9