Schedule of investments
Delaware Ivy Value Fund
December 31, 2022 (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks — 98.75% | |||
Communication Services — 7.57% | |||
AT&T | 1,197,500 | $ 22,045,975 | |
Liberty Global Class C *, † | 1,667,103 | 32,391,811 | |
Meta Platforms Class A † | 252,600 | 30,397,884 | |
84,835,670 | |||
Consumer Discretionary — 7.60% | |||
APA | 324,900 | 15,166,332 | |
AutoZone † | 11,440 | 28,213,099 | |
Lowe's | 89,900 | 17,911,676 | |
Target | 160,359 | 23,899,906 | |
85,191,013 | |||
Consumer Staples — 7.01% | |||
Philip Morris International | 413,670 | 41,867,541 | |
Walmart | 258,678 | 36,677,953 | |
78,545,494 | |||
Energy — 8.37% | |||
Exxon Mobil | 540,800 | 59,650,240 | |
Marathon Petroleum | 292,929 | 34,094,006 | |
93,744,246 | |||
Financials — 19.15% | |||
AGNC Investment | 3,588,224 | 37,138,119 | |
Allstate | 258,800 | 35,093,280 | |
Ameriprise Financial | 90,973 | 28,326,263 | |
Bank of America | 1,218,400 | 40,353,408 | |
Capital One Financial ~ | 115,522 | 10,738,925 | |
Discover Financial Services | 95,200 | 9,313,416 | |
Synchrony Financial | 633,085 | 20,803,173 | |
Wells Fargo & Co. | 792,504 | 32,722,490 | |
214,489,074 | |||
Healthcare — 16.40% | |||
CVS Health | 369,181 | 34,403,977 | |
Elevance Health | 67,755 | 34,756,282 | |
HCA Healthcare | 123,429 | 29,618,023 | |
McKesson | 85,926 | 32,232,561 | |
Regeneron Pharmaceuticals † | 39,707 | 28,648,204 | |
Vertex Pharmaceuticals † | 83,293 | 24,053,353 | |
183,712,400 | |||
Industrials — 10.05% | |||
Lockheed Martin | 56,400 | 27,438,036 | |
Norfolk Southern | 131,463 | 32,395,113 | |
Parker-Hannifin | 64,200 | 18,682,200 | |
Raytheon Technologies | 337,200 | 34,030,224 | |
112,545,573 | |||
Information Technology — 8.02% | |||
Broadcom | 60,674 | 33,924,654 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Information Technology (continued) | |||
Fidelity National Information Services | 158,737 | $ 10,770,305 | |
NXP Semiconductors | 108,218 | 17,101,690 | |
Seagate Technology Holdings * | 533,044 | 28,043,445 | |
89,840,094 | |||
Materials — 4.98% | |||
Celanese | 264,900 | 27,083,376 | |
LyondellBasell Industries Class A | 345,800 | 28,711,774 | |
55,795,150 | |||
Real Estate — 2.17% | |||
CBRE Group Class A † | 315,700 | 24,296,272 | |
24,296,272 | |||
REIT Diversified — 2.11% | |||
Weyerhaeuser | 762,500 | 23,637,500 | |
23,637,500 | |||
Utilities — 5.32% | |||
American Electric Power | 320,300 | 30,412,485 | |
Exelon | 674,000 | 29,137,020 | |
59,549,505 | |||
Total Common Stocks (cost $937,764,479) | 1,106,181,991 | ||
Short-Term Investments — 1.11% | |||
Money Market Mutual Funds — 1.11% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.03%) | 3,107,895 | 3,107,895 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.06%) | 3,107,896 | 3,107,896 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 4.23%) | 3,107,896 | 3,107,896 |
NQ-IV066 [12/22] 2/23 (2747693) 1
Schedule of investments
Delaware Ivy Value Fund (Unaudited)
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%) | 3,107,896 | $ 3,107,896 | |
Total Short-Term Investments (cost $12,431,583) | 12,431,583 | ||
Total Value of Securities Before Options Written—99.86% (cost $950,196,062) | 1,118,613,574■ |
Number of contracts | |||
Options Written — (0.01%) | |||
Equity Call Options — (0.01%) | |||
AutoZone, strike price $2,500, expiration date 1/20/23, notional amount $(4,000,000) | (16) | (70,800) | |
Bank of America, strike price $43, expiration date 2/17/23, notional amount $(5,276,100) | (1,227) | (4,295) | |
Parker-Hannifin, strike price $350, expiration date 2/17/23, notional amount $(4,900,000) | (140) | (7,000) |
Number of contracts | Value (US $) | ||
Options Written (continued) | |||
Equity Call Options (continued) | |||
Wells Fargo & Co., strike price $55, expiration date 1/20/23, notional amount $(5,423,000) | (986) | $ (986) | |
Total Options Written (premium received $338,886) | (83,081) | ||
Receivables and Other Assets Net of Liabilities—0.15% | 1,715,723 | ||
Net Assets Applicable to 52,154,653 Shares Outstanding—100.00% | $1,120,246,216 |
* | Fully or partially on loan. |
† | Non-income producing security. |
~ | Fully or partially pledged as collateral for options contracts. |
■ | Includes $12,814,610 of securities loaned for which the counterparty pledged additional non-cash collateral valued at $13,194,838. |
Summary of abbreviations: |
REIT – Real Estate Investment Trust |
2 NQ-IV066 [12/22] 2/23 (2747693)