Schedule of investments
Delaware Ivy International Value Fund
June 30, 2023 (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks – 96.36%Δ | |||
Denmark − 2.67% | |||
Novo Nordisk Class B | 20,894 | $ 3,375,214 | |
3,375,214 | |||
Finland − 0.01% | |||
Nokia | 3,500 | 14,665 | |
14,665 | |||
France − 19.71% | |||
Air Liquide | 32,340 | 5,799,696 | |
Amundi 144A # | 250 | 14,770 | |
Bouygues | 400 | 13,437 | |
Danone | 103,383 | 6,335,667 | |
Euroapi † | 9 | 103 | |
Kering | 3,957 | 2,185,052 | |
Orange | 271,829 | 3,176,714 | |
Publicis Groupe | 25,767 | 2,067,963 | |
Rexel | 610 | 15,075 | |
Sanofi | 100 | 10,766 | |
Schneider Electric | 100 | 18,168 | |
Sodexo | 47,375 | 5,216,810 | |
Technip Energies ADR | 1,000 | 23,060 | |
24,877,281 | |||
Germany − 13.62% | |||
adidas AG | 29,465 | 5,719,983 | |
BASF | 310 | 15,061 | |
Covestro 144A #, † | 200 | 10,407 | |
Fresenius Medical Care AG & Co. | 39,286 | 1,877,522 | |
Knorr-Bremse | 39,821 | 3,044,061 | |
SAP | 47,588 | 6,500,873 | |
Siemens | 130 | 21,671 | |
17,189,578 | |||
Hong Kong − 0.01% | |||
Galaxy Entertainment Group † | 2,000 | 12,741 | |
12,741 | |||
Japan − 9.57% | |||
Asahi Group Holdings | 33,500 | 1,299,794 | |
Bridgestone | 232 | 9,531 | |
Fukuoka Financial Group | 700 | 14,468 | |
Honda Motor | 600 | 18,176 | |
Iida Group Holdings | 900 | 15,209 | |
Isuzu Motors | 600 | 7,279 | |
Kao | 98,200 | 3,563,670 | |
KDDI | 54,000 | 1,667,688 | |
Komatsu | 300 | 8,114 | |
Lawson | 200 | 8,868 | |
Makita | 138,900 | 3,926,187 | |
Mitsui & Co. | 400 | 15,139 | |
Panasonic Holdings | 1,000 | 12,262 | |
Seven & i Holdings | 34,600 | 1,494,795 | |
Sumitomo Mitsui Financial Group | 400 | 17,144 |
Number of shares | Value (US $) | ||
Common StocksΔ (continued) | |||
Japan (continued) | |||
Suzuki Motor | 200 | $ 7,253 | |
12,085,577 | |||
Netherlands − 6.27% | |||
Koninklijke Ahold Delhaize | 232,188 | 7,915,991 | |
7,915,991 | |||
Spain − 4.43% | |||
Amadeus IT Group † | 73,427 | 5,591,494 | |
5,591,494 | |||
Sweden − 9.76% | |||
Essity Class B | 169,943 | 4,525,866 | |
H & M Hennes & Mauritz Class B | 174,812 | 3,006,296 | |
Securitas Class B | 582,715 | 4,786,276 | |
12,318,438 | |||
Switzerland − 11.61% | |||
Nestle | 53,919 | 6,486,003 | |
Novartis | 200 | 20,164 | |
Roche Holding | 16,720 | 5,107,459 | |
Swatch Group | 10,401 | 3,041,172 | |
14,654,798 | |||
United Kingdom − 18.70% | |||
Diageo | 158,453 | 6,812,054 | |
Intertek Group | 66,437 | 3,601,413 | |
J Sainsbury | 5,790 | 19,793 | |
John Wood Group † | 8,270 | 14,248 | |
Smith & Nephew | 421,231 | 6,795,859 | |
Tesco | 5,630 | 17,760 | |
Travis Perkins | 1,020 | 10,564 | |
Unilever | 121,424 | 6,323,062 | |
Vodafone Group | 8,750 | 8,250 | |
23,603,003 | |||
Total Common Stocks (cost $119,959,966) | 121,638,780 | ||
Preferred Stock – 2.50% | |||
Germany − 2.50% | |||
Henkel AG & Co. 2.64% ω | 39,474 | 3,156,983 | |
Total Preferred Stock (cost $3,206,927) | 3,156,983 | ||
Total Value of Securities−98.86% (cost $123,166,893) | 124,795,763 | ||
Receivables and Other Assets Net of Liabilities — 1.14% | 1,434,441 |
Net Assets Applicable to 7,968,361 Shares Outstanding — 100.00% | $126,230,204 |
NQ- IV951 [0623] 0823 (3053267) 1
Schedule of investments
Delaware Ivy International Value Fund (Unaudited)
Δ | Securities have been classified by country of risk. |
# | 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 $25,177, which represents 0.02% of the Fund's net assets. |
† | Non-income producing security. |
ω | Perpetual security with no stated maturity date. |
Summary of abbreviations: |
ADR – American Depositary Receipt |
AG – Aktiengesellschaft |
2 NQ- IV951 [0623] 0823 (3053267)