Schedule of investments
Delaware Ivy International Core Equity Fund
December 31, 2022 (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks – 97.31%Δ | |||
Australia − 1.46% | |||
Newcrest Mining | 1,381,518 | $ 19,414,119 | |
19,414,119 | |||
Austria − 1.01% | |||
Mondi | 787,425 | 13,417,840 | |
13,417,840 | |||
Brazil − 3.24% | |||
Banco do Brasil | 3,459,647 | 22,757,430 | |
MercadoLibre † | 23,986 | 20,297,913 | |
43,055,343 | |||
Canada − 5.87% | |||
Canadian Pacific Railway | 345,241 | 25,740,088 | |
Dollarama | 463,861 | 27,129,359 | |
Suncor Energy | 793,989 | 25,185,988 | |
78,055,435 | |||
China − 11.86% | |||
China Mengniu Dairy † | 5,342,000 | 24,227,533 | |
H World Group ADR | 703,884 | 29,858,759 | |
JD.com ADR | 329,287 | 18,482,879 | |
Li Ning | 2,643,000 | 22,940,798 | |
Prosus | 261,046 | 18,009,695 | |
SITC International Holdings | 3,546,000 | 7,886,613 | |
Tencent Holdings | 288,800 | 12,357,929 | |
ZTO Express Cayman ADR * | 892,771 | 23,988,757 | |
157,752,963 | |||
Denmark − 4.71% | |||
Ambu Class B *, † | 756,934 | 9,697,577 | |
AP Moller - Maersk Class A | 3,140 | 6,947,342 | |
AP Moller - Maersk Class B | 5,610 | 12,614,182 | |
Genmab † | 78,938 | 33,419,223 | |
62,678,324 | |||
France − 13.76% | |||
Airbus | 234,512 | 27,869,725 | |
BNP Paribas | 429,380 | 24,475,288 | |
Capgemini | 73,575 | 12,282,366 | |
L'Oreal | 19,332 | 6,903,498 | |
LVMH Moet Hennessy Louis Vuitton | 36,899 | 26,855,054 | |
Thales | 202,511 | 25,861,603 | |
TotalEnergies * | 532,081 | 33,405,052 | |
Vinci | 254,336 | 25,398,573 | |
183,051,159 | |||
Germany − 11.42% | |||
adidas AG | 98,271 | 13,408,052 | |
Bayer | 470,391 | 24,333,089 | |
Deutsche Telekom | 1,478,306 | 29,493,753 | |
HeidelbergCement | 291,405 | 16,619,869 | |
HelloFresh † | 481,727 | 10,586,596 |
Number of shares | Value (US $) | ||
Common StocksΔ (continued) | |||
Germany (continued) | |||
RWE | 651,721 | $ 29,014,629 | |
SAP | 122,188 | 12,607,440 | |
Siemens | 114,408 | 15,876,757 | |
151,940,185 | |||
Hong Kong − 1.81% | |||
Prudential | 1,767,135 | 24,087,660 | |
24,087,660 | |||
India − 3.59% | |||
Axis Bank | 2,501,662 | 28,235,548 | |
NTPC | 9,720,053 | 19,556,423 | |
47,791,971 | |||
Japan − 10.20% | |||
Asahi Group Holdings | 422,000 | 13,244,575 | |
Inpex * | 1,913,000 | 20,348,583 | |
Nippon Telegraph & Telephone | 439,700 | 12,604,019 | |
ORIX | 1,100,209 | 17,759,774 | |
Seven & i Holdings | 565,900 | 24,405,623 | |
Subaru | 1,038,749 | 16,047,421 | |
Tokio Marine Holdings | 1,455,153 | 31,350,542 | |
135,760,537 | |||
Netherlands − 5.00% | |||
ASML Holding | 24,050 | 12,969,990 | |
ING Groep | 1,981,308 | 24,152,708 | |
Shell | 1,038,054 | 29,424,176 | |
66,546,874 | |||
Norway − 1.02% | |||
DNB Bank | 686,182 | 13,619,559 | |
13,619,559 | |||
Republic of Korea − 3.67% | |||
LG | 376,882 | 23,336,585 | |
Samsung Electronics | 581,755 | 25,535,114 | |
48,871,699 | |||
Spain − 1.79% | |||
Banco Bilbao Vizcaya Argentaria | 3,960,630 | 23,886,224 | |
23,886,224 | |||
Switzerland − 1.55% | |||
Alcon | 300,356 | 20,589,404 | |
20,589,404 | |||
Taiwan − 1.91% | |||
Taiwan Semiconductor Manufacturing | 1,741,000 | 25,405,102 | |
25,405,102 | |||
United Kingdom − 8.26% | |||
AstraZeneca | 110,847 | 15,033,071 |
NQ-IV961 [12/22] 2/23 (2747707) 1
Schedule of investments
Delaware Ivy International Core Equity Fund (Unaudited)
Number of shares | Value (US $) | ||
Common StocksΔ (continued) | |||
United Kingdom (continued) | |||
AstraZeneca ADR | 362,703 | $ 24,591,263 | |
Haleon † | 3,850,915 | 15,239,988 | |
HSBC Holdings | 4,718,823 | 29,419,762 | |
Reckitt Benckiser Group | 368,856 | 25,658,724 | |
109,942,808 | |||
United States − 5.18% | |||
Roche Holding | 15,024 | 4,720,134 | |
Schlumberger | 545,828 | 29,179,965 | |
Seagate Technology Holdings | 261,213 | 13,742,416 | |
Stellantis | 1,497,357 | 21,269,764 | |
68,912,279 | |||
Total Common Stocks (cost $1,243,280,011) | 1,294,779,485 | ||
Short-Term Investments – 0.09% | |||
Money Market Mutual Funds – 0.09% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.03%) | 295,661 | 295,661 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.06%) | 295,661 | 295,661 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 4.23%) | 295,661 | 295,661 | |
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 4.11%) | 295,661 | 295,661 | |
Total Short-Term Investments (cost $1,182,644) | 1,182,644 | ||
Total Value of Securities Before Securities Lending Collateral−97.40% (cost $1,244,462,655) | 1,295,962,129 |
Number ofshares | Value (US $) | ||
Securities Lending Collateral – 1.36% | |||
Money Market Mutual Fund − 1.36% | |||
Dreyfus Institutional Preference Government Money Market Fund - Institutional Shares (seven-day effective yield 4.31%) | 18,167,099 | $ 18,167,099 | |
Total Securities Lending Collateral (cost $18,167,099) | 18,167,099 | ||
Total Value of Securities−98.76% (cost $1,262,629,754) | 1,314,129,228■ |
Obligation to Return Securities Lending Collateral — (1.37%) | (18,167,099) | ||
Receivables and Other Assets Net of Liabilities — 2.61% | 34,666,145 | ||
Net Assets Applicable to 76,140,622 Shares Outstanding — 100.00% | $1,330,628,274 |
Δ | Securities have been classified by country of risk. |
† | Non-income producing security. |
* | Fully or partially on loan. |
■ | Includes $63,177,058 of securities loaned for which the counterparty pledged additional non-cash collateral valued at $48,222,665. |
2 NQ-IV961 [12/22] 2/23 (2747707)
(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 Depreciation | ||||||
BNYM | CHF | (4,278,100) | USD | 4,620,777 | 1/3/23 | $(7,935) | ||||
BNYM | CHF | (4,257,033) | USD | 4,595,391 | 1/4/23 | (11,021) | ||||
BNYM | KRW | (2,147,483,648) | USD | 8,349,435 | 1/3/23 | (51,799) | ||||
Total Foreign Currency Exchange Contracts | $(70,755) |
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 |
AG – Aktiengesellschaft |
BNYM – Bank of New York Mellon |
Summary of currencies: |
CHF – Swiss Franc |
KRW – South Korean Won |
USD – US Dollar |
NQ-IV961 [12/22] 2/23 (2747707) 3