Schedule of investments
Delaware Ivy International Core Equity Fund
June 30, 2023 (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks – 98.47%Δ | |||
Australia − 1.77% | |||
Newcrest Mining | 1,332,635 | $ 23,772,095 | |
23,772,095 | |||
Austria − 1.33% | |||
Mondi | 1,168,040 | 17,820,119 | |
17,820,119 | |||
Brazil − 5.11% | |||
Banco do Brasil | 3,265,635 | 33,759,854 | |
MercadoLibre † | 29,417 | 34,847,378 | |
68,607,232 | |||
Canada − 5.93% | |||
Canadian Pacific Kansas City | 325,882 | 26,321,475 | |
Dollarama | 531,551 | 35,999,816 | |
Suncor Energy | 590,891 | 17,333,100 | |
79,654,391 | |||
China − 9.49% | |||
Alibaba Group Holding ADR † | 195,433 | 16,289,341 | |
Budweiser Brewing APAC 144A # | 6,545,200 | 16,936,759 | |
China Mengniu Dairy † | 5,044,000 | 19,062,738 | |
H World Group ADR † | 733,687 | 28,452,382 | |
JD.com ADR | 535,881 | 18,289,618 | |
SITC International Holdings | 4,813,000 | 8,813,424 | |
Tencent Holdings | 465,400 | 19,733,509 | |
127,577,771 | |||
Denmark − 5.19% | |||
Ambu Class B † | 1,021,795 | 16,750,671 | |
AP Moller - Maersk Class A | 2,964 | 5,168,331 | |
AP Moller - Maersk Class B | 8,378 | 14,730,599 | |
Genmab † | 87,391 | 33,117,493 | |
69,767,094 | |||
France − 12.53% | |||
Airbus | 221,363 | 32,005,048 | |
BNP Paribas | 330,584 | 20,861,820 | |
L'Oreal | 30,786 | 14,360,933 | |
LVMH Moet Hennessy Louis Vuitton | 29,023 | 27,366,144 | |
Thales | 210,740 | 31,574,944 | |
TotalEnergies | 395,977 | 22,730,914 | |
Vinci | 167,915 | 19,510,950 | |
168,410,753 | |||
Germany − 9.80% | |||
Bayer | 472,983 | 26,182,007 | |
Deutsche Telekom | 1,142,229 | 24,921,743 | |
Heidelberg Materials | 222,404 | 18,290,195 | |
HelloFresh † | 665,494 | 16,459,451 | |
RWE | 690,837 | 30,104,127 |
Number of shares | Value (US $) | ||
Common StocksΔ (continued) | |||
Germany (continued) | |||
SAP | 115,335 | $ 15,755,615 | |
131,713,138 | |||
Hong Kong − 1.84% | |||
Prudential | 1,751,445 | 24,736,348 | |
24,736,348 | |||
India − 5.97% | |||
Axis Bank | 2,361,373 | 28,493,163 | |
Bharti Airtel | 1,437,146 | 15,415,818 | |
ICICI Bank | 1,317,648 | 15,085,735 | |
NTPC | 9,174,971 | 21,190,408 | |
80,185,124 | |||
Japan − 12.58% | |||
Asahi Group Holdings | 505,100 | 19,597,794 | |
Inpex | 1,423,700 | 15,641,430 | |
Mitsubishi UFJ Financial Group | 3,908,300 | 28,808,368 | |
Mitsui Chemicals | 462,800 | 13,641,385 | |
Nippon Telegraph & Telephone | 10,377,500 | 12,279,761 | |
Renesas Electronics † | 1,683,200 | 31,765,880 | |
Seven & i Holdings | 534,200 | 23,078,594 | |
Tokio Marine Holdings | 1,052,553 | 24,265,103 | |
169,078,315 | |||
Netherlands − 5.44% | |||
Adyen 144A #, † | 4,046 | 7,006,328 | |
ASML Holding | 28,373 | 20,579,746 | |
ING Groep | 1,649,785 | 22,241,736 | |
Shell | 772,526 | 23,270,965 | |
73,098,775 | |||
Republic of Korea − 3.86% | |||
LG | 355,749 | 23,856,659 | |
Samsung Electronics | 509,034 | 28,029,083 | |
51,885,742 | |||
Spain − 1.74% | |||
Banco Bilbao Vizcaya Argentaria | 3,040,272 | 23,357,506 | |
23,357,506 | |||
Switzerland − 1.73% | |||
Alcon | 283,514 | 23,279,335 | |
23,279,335 | |||
Taiwan − 2.26% | |||
Taiwan Semiconductor Manufacturing | 1,644,000 | 30,370,160 | |
30,370,160 | |||
United Kingdom − 7.59% | |||
AstraZeneca | 104,632 | 14,999,445 | |
AstraZeneca ADR | 342,364 | 24,502,991 | |
Haleon | 3,660,311 | 15,023,636 |
NQ- IV961 [0623] 0823 (3053830) 1
Schedule of investments
Delaware Ivy International Core Equity Fund (Unaudited)
Number of shares | Value (US $) | ||
Common StocksΔ (continued) | |||
United Kingdom (continued) | |||
HSBC Holdings | 2,684,263 | $ 21,253,573 | |
Reckitt Benckiser Group | 348,173 | 26,165,503 | |
101,945,148 | |||
United States − 4.31% | |||
Schlumberger | 406,208 | 19,952,937 | |
Seagate Technology Holdings | 309,631 | 19,156,870 | |
Stellantis | 1,071,740 | 18,839,840 | |
57,949,647 | |||
Total Common Stocks (cost $1,157,008,360) | 1,323,208,693 | ||
Short-Term Investments – 1.01% | |||
Money Market Mutual Funds – 1.01% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.99%) | 3,412,714 | 3,412,714 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.99%) | 3,412,715 | 3,412,715 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 5.14%) | 3,412,715 | 3,412,715 | |
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 5.03%) | 3,412,714 | 3,412,714 | |
Total Short-Term Investments (cost $13,650,858) | 13,650,858 | ||
Total Value of Securities−99.48% (cost $1,170,659,218) | 1,336,859,551 | ||
Receivables and Other Assets Net of Liabilities — 0.52% | 6,952,771 |
Net Assets Applicable to 69,010,794 Shares Outstanding — 100.00% | $1,343,812,322 |
Δ | Securities have been classified by country of risk. |
† | Non-income producing security. |
# | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At June 30, 2023, the aggregate value of Rule 144A securities was $23,943,087, which represents 1.78% of the Fund's net assets. |
Summary of abbreviations: |
ADR – American Depositary Receipt |
2 NQ- IV961 [0623] 0823 (3053830)