Schedule of investments
Delaware Global Value Equity Fund
December 31, 2022 (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks – 99.25%Δ | |||
Denmark − 2.76% | |||
Novo Nordisk Class B | 65,580 | $ 8,855,018 | |
8,855,018 | |||
France − 11.72% | |||
Air Liquide | 82,750 | 11,727,957 | |
Danone | 177,700 | 9,364,480 | |
Orange | 702,370 | 6,977,938 | |
Sodexo | 99,660 | 9,545,820 | |
37,616,195 | |||
Germany − 9.73% | |||
adidas AG | 65,030 | 8,872,664 | |
Fresenius Medical Care AG & Co. | 160,660 | 5,257,383 | |
Knorr-Bremse | 101,780 | 5,560,829 | |
SAP | 111,970 | 11,553,140 | |
31,244,016 | |||
Japan − 5.01% | |||
Asahi Group Holdings | 106,800 | 3,351,944 | |
Kao | 192,900 | 7,723,937 | |
Makita | 213,200 | 5,003,475 | |
16,079,356 | |||
Netherlands − 4.95% | |||
Koninklijke Ahold Delhaize | 552,460 | 15,872,661 | |
15,872,661 | |||
Spain − 3.79% | |||
Amadeus IT Group † | 233,890 | 12,155,345 | |
12,155,345 | |||
Sweden − 7.85% | |||
Essity Class B | 361,770 | 9,475,147 | |
H & M Hennes & Mauritz Class B | 566,640 | 6,094,929 | |
Securitas Class B | 1,156,400 | 9,636,990 | |
25,207,066 | |||
Switzerland − 10.03% | |||
Nestle | 134,300 | 15,561,458 | |
Roche Holding | 24,460 | 7,684,670 | |
Swatch Group | 31,440 | 8,942,540 | |
32,188,668 | |||
United Kingdom − 13.93% | |||
Diageo | 299,520 | 13,216,822 | |
Intertek Group | 133,740 | 6,522,372 | |
Smith & Nephew | 869,790 | 11,666,754 | |
Unilever | 263,350 | 13,314,525 | |
44,720,473 | |||
United States − 29.48% | |||
Clorox | 86,060 | 12,076,800 | |
Conagra Brands | 106,770 | 4,131,999 | |
Henry Schein † | 164,090 | 13,105,868 | |
Ingredion | 102,120 | 10,000,611 |
Number of shares | Value (US $) | ||
Common StocksΔ (continued) | |||
United States (continued) | |||
Kimberly-Clark | 86,480 | $ 11,739,660 | |
Lamb Weston Holdings | 99,630 | 8,902,937 | |
Merck & Co. | 115,860 | 12,854,667 | |
Otis Worldwide | 43,760 | 3,426,846 | |
Parker-Hannifin | 12,290 | 3,576,390 | |
Pfizer | 150,586 | 7,716,027 | |
Visa Class A | 34,200 | 7,105,392 | |
94,637,197 | |||
Total Common Stocks (cost $341,610,154) | 318,575,995 | ||
Exchange-Traded Fund – 0.55% | |||
Vanguard S&P 500 ETF | 4,990 | 1,753,187 | |
Total Exchange-Traded Fund (cost $1,689,754) | 1,753,187 | ||
Total Value of Securities−99.80% (cost $343,299,908) | 320,329,182 | ||
Receivables and Other Assets Net of Liabilities — 0.20% | 649,948 |
Net Assets Applicable to 43,788,981 Shares Outstanding — 100.00% | $320,979,130 |
Δ | Securities have been classified by country of risk. |
† | Non-income producing security. |
NQ-IV059 [12/22] 2/23 (2742172) 1
Schedule of investments
Delaware Global Value Equity Fund (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 | EUR | (508,623) | USD | 543,880 | 1/3/23 | $(730) | ||||
BNYM | GBP | (194,236) | USD | 234,278 | 1/4/23 | (574) | ||||
BNYM | SEK | (1,305,249) | USD | 125,008 | 1/3/23 | (107) | ||||
Total Foreign Currency Exchange Contracts | $(1,411) |
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: |
AG – Aktiengesellschaft |
BNYM – Bank of New York Mellon |
ETF – Exchange-Traded Fund |
S&P – Standard & Poor’s Financial Services LLC |
Summary of currencies: |
EUR – European Monetary Unit |
GBP – British Pound Sterling |
SEK – Swedish Krona |
USD – US Dollar |
2 NQ-IV059 [12/22] 2/23 (2742172)