Consolidated schedule of investments
Delaware Ivy Asset Strategy Fund
December 31, 2022 (Unaudited)
Principal amount° | Value (US $) | ||
Agency Collateralized Mortgage Obligations — 0.32% | |||
Fannie Mae REMICs | |||
Series 2015-18 NS 1.731% (6.12% minus LIBOR01M, Cap 6.12%) 4/25/45 Σ, • | 4,133,908 | $ 442,454 | |
Series 2015-37 SB 1.231% (5.62% minus LIBOR01M, Cap 5.62%) 6/25/45 Σ, • | 8,893,600 | 716,594 | |
Series 2016-48 US 1.711% (6.10% minus LIBOR01M, Cap 6.10%) 8/25/46 Σ, • | 10,616,452 | 792,810 | |
Series 2017-33 AI 4.50% 5/25/47 Σ | 3,837,543 | 592,863 | |
Series 2019-13 IP 5.00% 3/25/49 Σ | 2,714,491 | 549,302 | |
Series 4740 SB 1.832% (6.15% minus LIBOR01M, Cap 6.15%) 11/15/47 Σ, • | 3,988,685 | 410,129 | |
GNMA Series 2021-162 IN 3.00% 9/20/51 Σ | 16,570,996 | 2,357,836 | |
Total Agency Collateralized Mortgage Obligations (cost $7,981,863) | 5,861,988 | ||
Agency Mortgage-Backed Securities — 1.83% | |||
Fannie Mae S.F. 30 yr | |||
3.00% 4/1/47 | 2,024,268 | 1,808,724 | |
3.00% 12/1/51 | 2,295,003 | 2,027,428 | |
3.50% 6/1/52 | 1,260,455 | 1,145,491 | |
5.00% 9/1/52 | 2,017,504 | 1,989,603 | |
5.50% 8/1/52 | 2,331,398 | 2,338,749 | |
Freddie Mac S.F. 30 yr | |||
2.50% 1/1/52 | 5,069,275 | 4,304,011 | |
3.00% 2/1/52 | 955,916 | 839,272 | |
3.50% 6/1/47 | 2,610,698 | 2,421,237 | |
3.50% 4/1/52 | 2,429,952 | 2,214,951 | |
4.00% 8/1/52 | 2,644,879 | 2,494,745 | |
4.00% 9/1/52 | 1,421,753 | 1,340,694 | |
4.50% 9/1/52 | 5,172,481 | 4,995,982 | |
5.00% 7/1/52 | 1,874,824 | 1,848,897 | |
5.50% 9/1/52 | 499,967 | 508,830 | |
GNMA II S.F. 30 yr | |||
3.00% 12/20/51 | 688,630 | 615,309 | |
5.00% 9/20/52 | 2,359,064 | 2,338,159 | |
Total Agency Mortgage-Backed Securities (cost $34,209,080) | 33,232,082 | ||
Convertible Bonds — 0.07% | |||
Liberty Broadband 144A 2.75% exercise price $857.56, maturity date 9/30/50 # | 49,000 | 47,846 |
Principal amount° | Value (US $) | ||
Convertible Bonds (continued) | |||
Liberty Broadband 144A 1.25% exercise price $900.01, maturity date 9/30/50 # | 1,296,000 | $ 1,257,120 | |
Total Convertible Bonds (cost $1,282,903) | 1,304,966 |
Corporate Bonds — 13.75% | |||
Banking — 4.87% | |||
Ally Financial 4.70% 5/15/28 μ, ψ | 2,000,000 | 1,257,500 | |
Banco de Credito del Peru 144A 3.125% 7/1/30 #, μ | 1,562,000 | 1,418,155 | |
Bank of America | |||
2.482% 9/21/36 μ | 735,000 | 541,737 | |
2.676% 6/19/41 μ | 740,000 | 500,463 | |
4.375% 1/27/27 μ, ψ | 295,000 | 250,582 | |
6.204% 11/10/28 μ | 470,000 | 486,106 | |
Bank of New York Mellon 5.802% 10/25/28 μ | 234,000 | 242,389 | |
Barclays | |||
4.375% 3/15/28 μ, ψ | 5,000,000 | 3,825,000 | |
6.125% 12/15/25 μ, ψ | 3,901,000 | 3,564,539 | |
7.325% 11/2/26 μ | 505,000 | 523,631 | |
8.00% 6/15/24 μ, ψ | 7,237,000 | 7,049,603 | |
Citigroup 5.61% 9/29/26 μ | 1,220,000 | 1,226,502 | |
Citizens Bank 6.064% 10/24/25 μ | 840,000 | 850,073 | |
Credit Suisse Group | |||
144A 6.375% 8/21/26 #, μ, ψ | 4,768,000 | 3,428,991 | |
144A 6.442% 8/11/28 #, μ | 475,000 | 433,278 | |
144A 7.50% 12/11/23 #, μ, ψ | 10,148,000 | 8,889,648 | |
Fifth Third Bancorp 4.337% 4/25/33 μ | 1,425,000 | 1,306,028 | |
Fifth Third Bank 5.852% 10/27/25 μ | 625,000 | 631,760 | |
Goldman Sachs Group | |||
1.542% 9/10/27 μ | 2,600,000 | 2,246,102 | |
3.102% 2/24/33 μ | 115,000 | 93,677 | |
Huntington National Bank | |||
4.552% 5/17/28 μ | 1,946,000 | 1,880,694 | |
5.65% 1/10/30 | 330,000 | 333,302 | |
ING Groep | |||
3.875% 5/16/27 μ, ψ | 6,000,000 | 4,401,716 | |
4.25% 5/16/31 μ, ψ | 4,000,000 | 2,755,025 | |
Jefferies Financial Group 2.625% 10/15/31 | 2,195,000 | 1,679,690 |
NQ-IV006 [12/22] 2/23 (xxxxxxx) 1
Consolidated schedule of investments
Delaware Ivy Asset Strategy Fund (Unaudited)
Principalamount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Banking (continued) | |||
JPMorgan Chase & Co. | |||
1.953% 2/4/32 μ | 410,000 | $ 314,565 | |
4.851% 7/25/28 μ | 1,185,000 | 1,157,064 | |
KeyBank 5.85% 11/15/27 | 205,000 | 211,963 | |
KeyCorp 4.789% 6/1/33 μ | 1,987,000 | 1,881,924 | |
Morgan Stanley | |||
1.928% 4/28/32 μ | 2,265,000 | 1,714,293 | |
2.484% 9/16/36 μ | 885,000 | 643,740 | |
6.138% 10/16/26 μ | 340,000 | 347,622 | |
6.296% 10/18/28 μ | 430,000 | 444,653 | |
6.342% 10/18/33 μ | 280,000 | 294,281 | |
PNC Financial Services Group | |||
5.671% 10/28/25 μ | 495,000 | 500,622 | |
6.20% 9/15/27 μ | 380,000 | 372,305 | |
Standard Chartered | |||
144A 4.30% 8/19/28 #, μ, ψ | 17,000,000 | 13,089,070 | |
144A 6.00% 8/19/28 #, μ, ψ | 5,000,000 | 4,822,229 | |
State Street | |||
2.203% 2/7/28 μ | 350,000 | 314,904 | |
5.751% 11/4/26 μ | 110,000 | 112,720 | |
5.82% 11/4/28 μ | 75,000 | 77,586 | |
SVB Financial Group 4.57% 4/29/33 μ | 525,000 | 465,941 | |
Toronto-Dominion Bank 4.108% 6/8/27 * | 1,210,000 | 1,171,598 | |
Truist Financial 6.123% 10/28/33 μ | 298,000 | 314,495 | |
UniCredit | |||
144A 5.459% 6/30/35 #, μ | 9,547,000 | 7,775,162 | |
144A 5.861% 6/19/32 #, μ | 2,383,000 | 2,095,278 | |
US Bancorp 5.727% 10/21/26 μ | 350,000 | 356,860 | |
Wells Fargo & Co. 4.808% 7/25/28 μ | 455,000 | 445,146 | |
88,740,212 | |||
Basic Industry — 0.17% | |||
Celanese US Holdings | |||
6.05% 3/15/25 | 1,015,000 | 1,011,909 | |
6.165% 7/15/27 | 5,000 | 4,940 | |
Sherwin-Williams 2.90% 3/15/52 | 1,650,000 | 1,034,481 | |
Westlake 3.125% 8/15/51 | 1,600,000 | 991,582 | |
3,042,912 | |||
Capital Goods — 0.22% | |||
Boeing 4.875% 5/1/25 | 1,937,000 | 1,923,911 | |
Eaton 4.15% 3/15/33 | 1,660,000 | 1,548,417 |
Principalamount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Capital Goods (continued) | |||
Lockheed Martin | |||
3.90% 6/15/32 | 375,000 | $ 354,507 | |
4.15% 6/15/53 | 320,000 | 273,226 | |
4,100,061 | |||
Communication Services — 0.82% | |||
Altice France Holding 144A 10.50% 5/15/27 # | 8,387,000 | 6,413,120 | |
CCO Holdings 144A 4.50% 8/15/30 # | 6,000,000 | 4,970,460 | |
Frontier Communications Holdings | |||
5.875% 11/1/29 | 4,187,781 | 3,245,429 | |
144A 6.00% 1/15/30 # | 461,000 | 362,748 | |
14,991,757 | |||
Communications — 0.33% | |||
AT&T 3.50% 9/15/53 | 3,490,000 | 2,371,229 | |
Charter Communications Operating 3.85% 4/1/61 | 1,790,000 | 1,041,569 | |
Crown Castle | |||
1.05% 7/15/26 | 735,000 | 635,940 | |
2.10% 4/1/31 | 1,405,000 | 1,110,729 | |
Discovery Communications 4.00% 9/15/55 | 400,000 | 241,754 | |
Verizon Communications 2.875% 11/20/50 | 375,000 | 236,721 | |
Warnermedia Holdings 144A 5.141% 3/15/52 # | 445,000 | 325,218 | |
5,963,160 | |||
Consumer Cyclical — 0.16% | |||
Amazon.com 2.50% 6/3/50 | 1,322,000 | 839,183 | |
Aptiv 3.10% 12/1/51 | 1,890,000 | 1,124,266 | |
VICI Properties 4.95% 2/15/30 | 945,000 | 900,837 | |
2,864,286 | |||
Consumer Discretionary — 1.27% | |||
Carnival 144A 7.625% 3/1/26 # | 6,235,000 | 4,952,864 | |
Ford Motor 6.10% 8/19/32 | 7,000,000 | 6,476,977 | |
Royal Caribbean Cruises 144A 5.50% 4/1/28 # | 6,315,000 | 5,050,863 | |
Staples 144A 7.50% 4/15/26 # | 7,809,000 | 6,737,137 | |
23,217,841 | |||
Consumer Non-Cyclical — 0.25% | |||
CVS Health | |||
2.70% 8/21/40 | 1,655,000 | 1,149,576 | |
4.78% 3/25/38 | 555,000 | 507,782 | |
GE HealthCare Technologies | |||
144A 5.60% 11/15/25 # | 285,000 | 287,061 | |
144A 5.65% 11/15/27 # | 285,000 | 288,834 |
2 NQ-IV006 [12/22] 2/23 (xxxxxxx)
(Unaudited)
Principalamount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Consumer Non-Cyclical (continued) | |||
JBS USA LUX | |||
144A 3.00% 2/2/29 # | 558,000 | $ 463,037 | |
144A 3.625% 1/15/32 # | 2,000,000 | 1,622,890 | |
Zoetis 5.40% 11/14/25 | 165,000 | 168,476 | |
4,487,656 | |||
Electric — 0.53% | |||
Appalachian Power 4.50% 8/1/32 | 1,375,000 | 1,286,115 | |
Berkshire Hathaway Energy 2.85% 5/15/51 | 1,725,000 | 1,137,304 | |
Duke Energy Carolinas 3.95% 11/15/28 | 1,810,000 | 1,740,403 | |
Indianapolis Power & Light 144A 5.65% 12/1/32 # | 430,000 | 442,375 | |
Nevada Power 5.90% 5/1/53 | 655,000 | 702,308 | |
NextEra Energy Capital Holdings 3.00% 1/15/52 | 425,000 | 279,394 | |
NRG Energy | |||
144A 2.00% 12/2/25 # | 3,470,000 | 3,098,632 | |
144A 2.45% 12/2/27 # | 390,000 | 323,741 | |
PacifiCorp 5.35% 12/1/53 | 230,000 | 229,059 | |
Southern 5.70% 10/15/32 | 360,000 | 369,372 | |
9,608,703 | |||
Energy — 2.90% | |||
BP Capital Markets America | |||
2.721% 1/12/32 | 530,000 | 443,166 | |
2.939% 6/4/51 | 1,255,000 | 832,065 | |
Energy Transfer | |||
5.75% 2/15/33 | 220,000 | 215,663 | |
6.25% 2/15/23 *, μ, ψ | 5,000,000 | 4,256,250 | |
6.75% 5/15/25 μ, ψ | 5,879,000 | 5,107,381 | |
7.125% 5/15/30 μ, ψ | 15,000,000 | 12,562,500 | |
Enterprise Products Operating 3.30% 2/15/53 | 1,555,000 | 1,041,381 | |
Guara Norte 144A 5.198% 6/15/34 # | 1,821,140 | 1,543,552 | |
Hilcorp Energy I | |||
144A 6.00% 2/1/31 # | 1,515,000 | 1,312,458 | |
144A 6.25% 4/15/32 # | 3,487,000 | 3,014,113 | |
Laredo Petroleum | |||
9.50% 1/15/25 | 8,259,000 | 8,153,286 | |
10.125% 1/15/28 | 9,436,000 | 9,216,465 | |
Petroleos Mexicanos 6.70% 2/16/32 | 2,595,000 | 2,042,789 | |
Targa Resources Partners 5.00% 1/15/28 | 1,770,000 | 1,691,392 | |
Valero Energy 2.15% 9/15/27 | 1,496,000 | 1,314,209 | |
52,746,670 |
Principalamount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Finance Companies — 0.16% | |||
Air Lease | |||
2.875% 1/15/32 * | 1,810,000 | $ 1,442,513 | |
5.85% 12/15/27 | 280,000 | 280,178 | |
Aviation Capital Group 144A 3.50% 11/1/27 # | 1,265,000 | 1,106,889 | |
2,829,580 | |||
Financial Services — 0.25% | |||
New Cotai 5.00% 2/2/27 | 1,952,660 | 4,502,107 | |
4,502,107 | |||
Industrials — 0.54% | |||
Wesco Aircraft Holdings | |||
144A 8.50% 11/15/24 # | 7,455,000 | 3,690,225 | |
144A 9.00% 11/15/26 #, * | 5,288,000 | 3,582,620 | |
144A 13.125% 11/15/27 # | 10,000,000 | 2,525,000 | |
9,797,845 | |||
Insurance — 0.48% | |||
AIA Group | |||
144A 3.20% 9/16/40 # | 3,902,000 | 2,791,922 | |
144A 3.375% 4/7/30 # | 1,960,000 | 1,726,637 | |
Aon 5.00% 9/12/32 | 1,605,000 | 1,592,161 | |
Athene Holding | |||
3.45% 5/15/52 | 985,000 | 608,433 | |
3.95% 5/25/51 | 440,000 | 298,674 | |
Berkshire Hathaway Finance 3.85% 3/15/52 | 1,405,000 | 1,127,326 | |
Humana | |||
5.75% 3/1/28 | 454,000 | 464,395 | |
5.875% 3/1/33 | 120,000 | 124,264 | |
8,733,812 | |||
Natural Gas — 0.09% | |||
Atmos Energy | |||
2.85% 2/15/52 | 385,000 | 250,908 | |
5.75% 10/15/52 | 685,000 | 719,341 | |
Southern Co. Gas Capital 5.15% 9/15/32 | 740,000 | 728,544 | |
1,698,793 | |||
REITs — 0.05% | |||
American Homes 4 Rent 3.625% 4/15/32 | 220,000 | 185,644 | |
Digital Realty Trust | |||
4.45% 7/15/28 | 300,000 | 284,595 | |
5.55% 1/15/28 | 530,000 | 534,458 | |
1,004,697 | |||
Technology — 0.51% | |||
Apple 2.40% 8/20/50 | 3,122,000 | 1,956,144 | |
Autodesk 2.40% 12/15/31 | 420,000 | 336,597 | |
Baidu 1.72% 4/9/26 | 1,672,000 | 1,489,334 |
NQ-IV006 [12/22] 2/23 (xxxxxxx) 3
Consolidated schedule of investments
Delaware Ivy Asset Strategy Fund (Unaudited)
Principalamount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Technology (continued) | |||
Broadcom 144A 3.419% 4/15/33 # | 4,000 | $ 3,218 | |
CDW 3.276% 12/1/28 | 1,035,000 | 888,066 | |
Entegris Escrow 144A 4.75% 4/15/29 # | 385,000 | 351,872 | |
Oracle | |||
5.80% 11/10/25 | 110,000 | 112,585 | |
6.15% 11/9/29 | 240,000 | 249,680 | |
PayPal Holdings 3.90% 6/1/27 * | 1,180,000 | 1,137,348 | |
Tencent Holdings 144A 3.24% 6/3/50 # | 3,910,000 | 2,479,184 | |
Workday | |||
3.50% 4/1/27 | 55,000 | 51,484 | |
3.70% 4/1/29 | 110,000 | 101,150 | |
3.80% 4/1/32 | 110,000 | 97,408 | |
9,254,070 | |||
Transportation — 0.15% | |||
Azul Investments 144A 7.25% 6/15/26 # | 1,500,000 | 919,408 | |
Burlington Northern Santa Fe 2.875% 6/15/52 | 330,000 | 221,592 | |
Simpar Europe 144A 5.20% 1/26/31 # | 2,000,000 | 1,517,660 | |
2,658,660 | |||
Total Corporate Bonds (cost $291,452,857) | 250,242,822 | ||
Municipal Bonds — 0.08% | |||
Commonwealth of Puerto Rico(Restructured) | |||
Series A-1 3.045% 7/1/24^ | 62,870 | 58,294 | |
Series A-1 4.00% 7/1/35 | 137,232 | 115,818 | |
Series A-1 4.00% 7/1/37 | 145,770 | 119,622 | |
GDB Debt Recovery Authority of Puerto Rico 7.50% 8/20/40 | 1,448,800 | 1,213,370 | |
Total Municipal Bonds (cost $1,717,658) | 1,507,104 | ||
Non-Agency Collateralized Mortgage Obligations — 0.33% | |||
COLT Mortgage Loan Trust Series 2021-3 B1 144A 3.059% 9/27/66 #, • | 2,000,000 | 988,673 | |
CSMC Trust Series 2020-NQM1 B1 144A 4.462% 5/25/65 #, • | 4,968,250 | 4,126,174 |
Principalamount° | Value (US $) | ||
Non-Agency Collateralized Mortgage Obligations (continued) | |||
Verus Securitization Trust Series 2019-INV2 B1 144A 4.452% 7/25/59 #, • | 1,097,000 | $ 902,565 | |
Total Non-Agency Collateralized Mortgage Obligations (cost $8,277,181) | 6,017,412 | ||
Non-Agency Commercial Mortgage-Backed Securities — 0.80% | |||
BANK | |||
Series 2020-BN25 A5 2.649% 1/15/63 | 2,163,000 | 1,838,243 | |
Series 2022-BNK41 A4 3.79% 4/15/65 • | 2,000,000 | 1,816,748 | |
Benchmark Mortgage Trust | |||
Series 2018-B1 A5 3.666% 1/15/51 • | 2,000,000 | 1,870,141 | |
Series 2020-B20 A5 2.034% 10/15/53 | 2,000,000 | 1,610,119 | |
Series 2021-B25 A5 2.577% 4/15/54 | 2,000,000 | 1,659,826 | |
Citigroup Commercial Mortgage Trust Series 2020-555 A 144A 2.647% 12/10/41 # | 2,000,000 | 1,640,089 | |
Grace Trust Series 2020-GRCE A 144A 2.347% 12/10/40 # | 2,225,000 | 1,704,529 | |
GS Mortgage Securities Trust Series 2020-GC47 A5 2.377% 5/12/53 | 2,813,000 | 2,322,309 | |
Merrill Lynch Mortgage Investors Trust Series 1998-C1 F 6.25% 11/15/26 • | 53,406 | 53,379 | |
Total Non-Agency Commercial Mortgage-Backed Securities (cost $15,374,575) | 14,515,383 | ||
Loan Agreements — 3.17% | |||
Advantage Sales & Marketing Tranche B-1 8.284% (LIBOR03M + 4.50%) 4/10/29 • | 3,033,834 | 2,524,244 | |
Amynta Agency Borrower Tranche B 1st Lien 8.884% (LIBOR01M + 4.50%) 4/2/27 • | 18,407,880 | 17,487,486 | |
Epic Crude Services LP 9.74% (LIBOR03M + 5.00%) 2/3/26 • | 8,132 | 7,261 | |
MLN US Holdings 1st Lien 11.154% (SOFR03M + 6.70%) 6/10/28 • | 7,567,274 | 6,129,492 |
4 NQ-IV006 [12/22] 2/23 (xxxxxxx)
(Unaudited)
Principalamount° | Value (US $) | ||
Loan Agreements (continued) | |||
PetsMart 8.13% (LIBOR01M + 3.75%) 11/2/28 • | 2,553,675 | $ 2,510,582 | |
Surgery Center Holdings 8.05% (LIBOR01M + 3.75%) 7/8/28 • | 9,137,917 | 9,032,830 | |
West Corporation Tranche B 8.415% (LIBOR03M + 4.00%) 10/10/24 • | 3,286,813 | 3,026,606 | |
White Cap Buyer 8.073% (SOFR01M + 3.75%) 7/10/28 • | 17,456,030 | 16,911,734 | |
Total Loan Agreements (cost $60,003,510) | 57,630,235 | ||
US Treasury Obligations — 7.39% | |||
US Treasury Bonds | |||
2.75% 8/15/47 | 2,525,000 | 1,972,163 | |
3.00% 2/15/49 | 4,219,000 | 3,476,720 | |
4.00% 11/15/52 | 910,000 | 911,564 | |
US Treasury Floating Rate Note 4.60% (USBMMY3M + 0.14%) 10/31/24 • | 49,325,000 | 49,274,274 | |
US Treasury Notes | |||
0.125% 4/30/23 | 56,000,000 | 55,230,879 | |
3.875% 11/30/27 | 220,000 | 218,831 | |
3.875% 11/30/29 | 1,025,000 | 1,018,353 | |
4.00% 10/31/29 | 515,000 | 515,282 | |
4.125% 10/31/27 | 14,490,000 | 14,544,337 | |
4.125% 11/15/32 | 4,030,000 | 4,113,434 | |
4.375% 10/31/24 | 3,330,000 | 3,320,765 | |
Total US Treasury Obligations (cost $135,849,423) | 134,596,602 |
Number of shares | |||
Common Stocks — 63.17% | |||
Banking — 8.22% | |||
AGNC Investment | 1,537,160 | 15,909,606 | |
BNP Paribas | 323,460 | 18,437,693 | |
First Republic Bank | 129,709 | 15,810,230 | |
ICICI Bank | 1,166,527 | 12,561,351 | |
Intercontinental Exchange | 124,234 | 12,745,166 | |
Morgan Stanley | 188,085 | 15,990,987 | |
ORIX | 1,688,903 | 27,262,580 | |
Prudential | 1,249,210 | 17,027,871 | |
State Bank of India | 1,866,948 | 13,849,220 | |
149,594,704 | |||
Communication Services — 4.64% | |||
Alphabet Class A † | 229,490 | 20,247,903 | |
Deutsche Telekom | 1,391,263 | 27,757,154 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Communication Services (continued) | |||
Frontier Communications Parent † | 336,490 | $ 8,573,765 | |
New Cotai =, † | 1,819,823 | 1,678,333 | |
Tencent Holdings | 333,400 | 14,266,391 | |
T-Mobile US † | 85,914 | 12,027,960 | |
84,551,506 | |||
Consumer Discretionary — 8.38% | |||
Amazon.com † | 99,567 | 8,363,628 | |
Aptiv † | 181,796 | 16,930,662 | |
Burlington Stores † | 74,744 | 15,155,093 | |
Darden Restaurants | 163,765 | 22,653,612 | |
Ferrari | 67,734 | 14,515,673 | |
H World Group ADR | 361,986 | 15,355,446 | |
JD.com ADR | 272,733 | 15,308,503 | |
LVMH Moet Hennessy Louis Vuitton | 15,169 | 11,039,982 | |
Media Group Holdings Series H <<, † | 640,301 | 0 | |
Media Group Holdings Series T <<, † | 80,253 | 0 | |
Skechers USA Class A † | 420,683 | 17,647,652 | |
Studio City International Holdings ADR † | 203,063 | 1,210,256 | |
Studio City International Holdings ADR † | 184,458 | 1,099,370 | |
Subaru | 854,718 | 13,204,364 | |
152,484,241 | |||
Consumer Staples — 4.66% | |||
Asahi Group Holdings | 186,000 | 5,837,656 | |
Casey's General Stores | 49,573 | 11,121,703 | |
China Mengniu Dairy † | 4,772,687 | 21,645,532 | |
Procter & Gamble | 160,412 | 24,312,043 | |
Reckitt Benckiser Group | 316,315 | 22,003,815 | |
84,920,749 | |||
Energy — 4.27% | |||
Canadian Natural Resources | 476,562 | 26,463,488 | |
ConocoPhillips | 226,246 | 26,697,028 | |
Schlumberger | 109,379 | 5,847,401 | |
Shell | 324,016 | 9,184,401 | |
TotalEnergies * | 152,377 | 9,566,516 | |
77,758,834 | |||
Healthcare — 10.65% | |||
Abbott Laboratories | 140,524 | 15,428,130 | |
AstraZeneca | 142,135 | 19,276,350 | |
Bayer | 301,810 | 15,612,479 | |
Eli Lilly & Co. | 44,621 | 16,324,147 | |
Genmab † | 56,449 | 23,898,271 | |
Regeneron Pharmaceuticals † | 29,649 | 21,391,457 |
NQ-IV006 [12/22] 2/23 (xxxxxxx) 5
Consolidated schedule of investments
Delaware Ivy Asset Strategy Fund (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Healthcare (continued) | |||
Thermo Fisher Scientific | 24,286 | $ 13,374,057 | |
UnitedHealth Group | 53,644 | 28,440,976 | |
Vertex Pharmaceuticals † | 73,574 | 21,246,700 | |
Zimmer Biomet Holdings | 147,517 | 18,808,418 | |
193,800,985 | |||
Industrials — 7.36% | |||
Airbus | 189,659 | 22,539,333 | |
Generac Holdings † | 18,584 | 1,870,665 | |
Ingersoll Rand | 287,247 | 15,008,656 | |
Larsen & Toubro | 968,176 | 24,409,785 | |
Raytheon Technologies | 229,933 | 23,204,838 | |
Thales | 122,243 | 15,611,004 | |
Union Pacific | 84,956 | 17,591,839 | |
Vinci | 137,919 | 13,772,906 | |
134,009,026 | |||
Materials — 0.55% | |||
Barrick Gold | 586,075 | 10,068,769 | |
10,068,769 | |||
Technology — 12.94% | |||
Ambarella † | 203,413 | 16,726,651 | |
Apple | 142,656 | 18,535,294 | |
Autodesk † | 67,983 | 12,703,983 | |
Check Point Software Technologies † | 168,000 | 21,194,880 | |
Intuit ~ | 51,031 | 19,862,286 | |
KLA | 26,420 | 9,961,133 | |
Mastercard Class A | 78,153 | 27,176,143 | |
Microchip Technology | 154,138 | 10,828,194 | |
Microsoft ~ | 121,807 | 29,211,755 | |
NVIDIA | 76,062 | 11,115,701 | |
PayPal Holdings † | 170,658 | 12,154,263 | |
Seagate Technology Holdings | 162,147 | 8,530,554 | |
Taiwan Semiconductor Manufacturing | 1,284,550 | 18,744,470 | |
VeriSign † | 91,644 | 18,827,343 | |
235,572,650 | |||
Utilities — 1.50% | |||
NTPC | 5,711,024 | 11,490,390 | |
RWE | 354,183 | 15,768,232 | |
27,258,622 | |||
Total Common Stocks (cost $1,633,883,451) | 1,150,020,086 | ||
Exchange-Traded Funds — 2.87% | |||
iShares 0-5 Year High Yield Corporate Bond ETF | 616,887 | 25,224,510 |
Number of shares | Value (US $) | ||
Exchange-Traded Funds (continued) | |||
Vanguard Russell 2000 ETF* | 384,214 | $ 27,037,139 | |
Total Exchange-Traded Funds (cost $55,088,593) | 52,261,649 |
Troy Ounces | |||
Bullion — 4.81% | |||
Gold | 48,025 | 87,570,885 | |
Total Bullion (cost $56,154,778) | 87,570,885 |
Number of shares | |||
Short-Term Investments — 1.86% | |||
Money Market Mutual Funds — 1.86% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.03%) | 8,436,892 | 8,436,892 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.06%) | 8,436,892 | 8,436,892 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 4.23%) | 8,436,892 | 8,436,892 | |
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 4.11%) | 8,436,892 | 8,436,892 | |
Total Short-Term Investments (cost $33,747,568) | 33,747,568 | ||
Total Value of Securities Before Securities Lending Collateral—100.45% (cost $2,335,023,440) | 1,828,508,782 | ||
6 NQ-IV006 [12/22] 2/23 (xxxxxxx)
(Unaudited)
Number of shares | Value (US $) | ||
Securities Lending Collateral — 1.39% | |||
Money Market Mutual Fund — 1.39% | |||
Dreyfus Institutional Preference Government Money Market Fund - Institutional Shares (seven-day effective yield 4.31%) | 25,328,931 | $ 25,328,931 | |
Total Securities Lending Collateral (cost $25,328,931) | 25,328,931 | ||
Total Value of Securities—101.84% (cost $2,360,352,371) | 1,853,837,713■ | ||
Obligation to Return Securities Lending Collateral — 1.39% | 25,328,931 | ||
Liabilities Net of Receivables and Other Assets — (0.45%)★ | (8,118,440) | ||
Net Assets Applicable to 101,204,953 Shares Outstanding—100.00% | $1,820,390,342 |
° | Principal amount shown is stated in USD unless noted that the security is denominated in another currency. |
Σ | Interest only security. An interest only security is the interest only portion of a fixed income security, which is separated and sold individually from the principal portion of the security. |
• | Variable rate investment. Rates reset periodically. Rate shown reflects the rate in effect at December 31, 2022. For securities based on a published reference rate and spread, the reference rate and spread are indicated in their descriptions. The reference rate descriptions (i.e. LIBOR03M, LIBOR06M, etc.) used in this report are identical for different securities, but the underlying reference rates may differ due to the timing of the reset period. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions, or for mortgage-backed securities, are impacted by the individual mortgages which are paying off over time. These securities do not indicate a reference rate and spread in their descriptions. |
# | 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 $114,522,545, which represents 6.29% of the Fund's net assets. |
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. |
* | Fully or partially on loan. |
^ | Zero-coupon security. The rate shown is the effective yield at the time of purchase. |
† | Non-income producing security. |
= | The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security. |
<< | Affiliated company. |
~ | All or portion of the security has been pledged as collateral for potential options written. |
■ | Includes $35,088,842 of securities loaned for which the counterparty pledged additional non-cash collateral valued at $11,062,056. |
★ | Includes $509,798 cash collateral held at broker for futures contracts as of December 31, 2022 |
NQ-IV006 [12/22] 2/23 (xxxxxxx) 7
Consolidated schedule of investments
Delaware Ivy Asset Strategy Fund (Unaudited)
The following futures contracts were outstanding at December 31, 2022:
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 | |||||||
(20) | US Treasury 2 yr Notes | $(4,101,562) | $(4,097,766) | 3/31/23 | $— | $(3,796) | $3,125 | ||||||
51 | US Treasury 5 yr Notes | 5,504,414 | 5,504,110 | 3/31/23 | 304 | — | (4,383) | ||||||
47 | US Treasury 10 yr Notes | 5,277,953 | 5,292,752 | 3/22/23 | — | (14,799) | (6,609) | ||||||
33 | US Treasury Long Bonds | 4,136,343 | 4,135,653 | 3/22/23 | 690 | — | (5,156) | ||||||
22 | US Treasury Ultra Bonds | 2,954,876 | 2,948,167 | 3/22/23 | 6,709 | — | (11,000) | ||||||
Total Futures Contracts | $13,782,916 | $7,703 | $(18,595) | $(24,023) |
The use of futures contracts involves elements of market risk and risks in excess of the amounts disclosed in the financial statements. The notional amounts presented above represent the Fund’s total exposure in such contracts, whereas only the variation margin is reflected in the Fund’s net assets.
Summary of abbreviations: |
ADR – American Depositary Receipt |
ETF – Exchange-Traded Fund |
GNMA – Government National Mortgage Association |
GS – Goldman Sachs |
ICE – Intercontinental Exchange, Inc. |
LIBOR – London Interbank Offered Rate |
LIBOR01M – ICE LIBOR USD 1 Month |
LIBOR03M – ICE LIBOR USD 3 Month |
LIBOR06M – ICE LIBOR USD 6 Month |
S.F. – Single Family |
SOFR01M – Secured Overnight Financing Rate 1 Month |
SOFR03M – Secured Overnight Financing Rate 3 Month |
USBMMY3M – US Treasury 3 Month Bill Money Market Yield |
USD – US Dollar |
yr – Year |
8 NQ-IV006 [12/22] 2/23 (xxxxxxx)