Schedule of investments
Delaware Climate Solutions Fund
December 31, 2022 (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks — 99.41%♦ | |||
Consumer Staples — 6.56% | |||
Archer-Daniels-Midland | 98,907 | $ 9,183,515 | |
Darling Ingredients † | 132,753 | 8,309,010 | |
17,492,525 | |||
Credit Cyclicals — 3.19% | |||
BorgWarner | 211,709 | 8,521,287 | |
8,521,287 | |||
Energy — 18.39% | |||
Denbury † | 111,539 | 9,706,124 | |
Enviva | 59,375 | 3,145,094 | |
Equinor | 223,121 | 8,012,205 | |
Occidental Petroleum | 129,751 | 8,173,015 | |
Schlumberger | 198,601 | 10,617,209 | |
Valero Energy | 74,217 | 9,415,169 | |
49,068,816 | |||
Financials — 2.83% | |||
NuScale Power † | 343,562 | 3,524,946 | |
Rice Acquisition Class A =, † | 395,722 | 4,024,493 | |
7,549,439 | |||
Industrials — 17.05% | |||
AP Moller - Maersk Class B | 1,982 | 4,456,561 | |
Arcosa | 157,999 | 8,585,666 | |
Cummins | 36,952 | 8,953,100 | |
Kingspan Group | 120,624 | 6,530,989 | |
Li-Cycle Holdings † | 540,099 | 2,570,871 | |
Schneider Electric | 59,029 | 8,259,882 | |
Sunrun † | 254,944 | 6,123,755 | |
45,480,824 | |||
Materials — 11.99% | |||
Alcoa | 205,408 | 9,339,902 | |
Anglo American | 260,789 | 10,204,065 | |
Holcim | 86,901 | 4,499,886 | |
Nutrien | 108,596 | 7,930,766 | |
31,974,619 | |||
Real Estate — 2.60% | |||
Weyerhaeuser | 223,467 | 6,927,477 | |
6,927,477 | |||
Utilities — 36.80% | |||
AES | 352,707 | 10,143,853 | |
Ameren | 90,011 | 8,003,778 | |
American Electric Power | 81,163 | 7,706,427 | |
CMS Energy | 118,238 | 7,488,013 | |
Iberdrola | 757,318 | 8,860,635 | |
NextEra Energy | 92,207 | 7,708,505 | |
Northland Power | 245,798 | 6,740,384 | |
Orsted 144A # | 69,836 | 6,346,442 |
Number of shares | Value (US $) | ||
Common Stocks♦ (continued) | |||
Utilities (continued) | |||
ReNew Energy Global Class A † | 591,274 | $ 3,252,007 | |
RWE | 196,835 | 8,763,097 | |
SSE | 375,797 | 7,777,955 | |
Terna - Rete Elettrica Nazionale | 1,051,107 | 7,763,587 | |
Xcel Energy | 108,801 | 7,628,038 | |
98,182,721 | |||
Total Common Stocks (cost $254,900,288) | 265,197,708 | ||
Short-Term Investments — 0.51% | |||
Money Market Mutual Funds — 0.51% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.03%) | 337,538 | 337,538 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.06%) | 337,538 | 337,538 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 4.23%) | 337,538 | 337,538 | |
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 4.11%) | 337,539 | 337,539 | |
Total Short-Term Investments (cost $1,350,153) | 1,350,153 | ||
Total Value of Securities—99.92% (cost $256,250,441) | 266,547,861 | ||
Receivables and Other Assets Net of Liabilities—0.08% | 219,885 | ||
Net Assets Applicable to 26,515,956 Shares Outstanding—100.00% | $266,767,746 |
♦ | Narrow industries are utilized for compliance purposes for concentration whereas broad sectors are used for financial reporting. |
† | Non-income producing security. |
= | The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security. |
# | 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 $6,346,442, which represents 2.38% of the Fund's net assets. |
NQ-IV061 [12/22] 2/23 (2745503) 1