Schedule of investments
Delaware Ivy Balanced Fund
June 30, 2023 (Unaudited)
Principal amount° | Value (US $) | ||
Agency Collateralized Mortgage Obligations — 0.93% | |||
Fannie Mae REMICs | |||
Series 2016-36 VB 3.50% 6/25/29 | 3,561,994 | $ 3,395,974 | |
Series 2016-71 NB 3.00% 10/25/46 | 4,751,116 | 4,279,165 | |
Freddie Mac REMICs Series 4616 HW 3.00% 6/15/45 | 2,907,621 | 2,680,340 | |
Freddie Mac Structured Agency Credit Risk REMIC Trust Series 2021-HQA2 M2 144A 7.117% (SOFR + 2.05%) 12/25/33 #, • | 4,518,000 | 4,382,460 | |
Total Agency Collateralized Mortgage Obligations (cost $15,965,813) | 14,737,939 | ||
Agency Mortgage-Backed Securities — 9.92% | |||
Fannie Mae S.F. 15 yr 2.50% 8/1/35 | 1,747,172 | 1,594,859 | |
Fannie Mae S.F. 20 yr 2.00% 5/1/41 | 2,232,586 | 1,900,433 | |
Fannie Mae S.F. 30 yr | |||
2.00% 3/1/51 | 2,028,945 | 1,662,488 | |
2.50% 8/1/50 | 1,850,224 | 1,592,131 | |
2.50% 1/1/52 | 4,262,706 | 3,619,943 | |
2.50% 4/1/52 | 1,322,513 | 1,127,384 | |
3.00% 12/1/51 | 3,517,869 | 3,120,054 | |
3.50% 11/1/45 | 7,346,376 | 6,833,045 | |
3.50% 1/1/48 | 660,879 | 611,075 | |
3.50% 7/1/50 | 3,901,097 | 3,631,203 | |
3.50% 8/1/50 | 575,191 | 530,873 | |
3.50% 8/1/51 | 4,328,561 | 3,953,614 | |
4.00% 6/1/52 | 2,985,301 | 2,803,144 | |
4.50% 5/1/49 | 1,770,807 | 1,728,427 | |
4.50% 1/1/50 | 2,116,659 | 2,090,251 | |
4.50% 10/1/52 | 5,457,738 | 5,247,785 | |
4.50% 2/1/53 | 8,386,487 | 8,063,786 | |
5.00% 6/1/52 | 3,059,420 | 3,001,125 | |
5.00% 9/1/52 | 6,383,415 | 6,259,474 | |
5.50% 10/1/52 | 8,887,356 | 8,876,194 | |
5.50% 11/1/52 | 1,825,685 | 1,829,480 | |
5.50% 3/1/53 | 7,263,804 | 7,229,604 | |
6.00% 6/1/53 | 2,601,168 | 2,623,952 | |
6.50% 10/1/28 | 8,553 | 8,671 | |
6.50% 2/1/29 | 1,229 | 1,241 | |
6.50% 2/1/32 | 11,685 | 12,223 | |
6.50% 9/1/32 | 9,391 | 9,658 | |
7.00% 11/1/31 | 12,473 | 12,548 | |
7.00% 2/1/32 | 9,859 | 10,006 | |
7.00% 3/1/32 | 5,713 | 5,922 |
Principal amount° | Value (US $) | ||
Agency Mortgage-Backed Securities (continued) | |||
Fannie Mae S.F. 30 yr | |||
7.00% 7/1/32 | 10,157 | $ 10,296 | |
Freddie Mac S.F. 15 yr 2.00% 12/1/35 | 2,444,033 | 2,185,300 | |
Freddie Mac S.F. 20 yr | |||
2.00% 3/1/41 | 8,052,950 | 6,891,627 | |
2.50% 2/1/42 | 3,384,881 | 2,947,042 | |
3.00% 3/1/37 | 2,191,753 | 2,025,618 | |
Freddie Mac S.F. 30 yr | |||
2.00% 3/1/52 | 1,986,072 | 1,621,989 | |
2.50% 12/1/51 | 1,741,851 | 1,492,151 | |
2.50% 1/1/52 | 11,229,580 | 9,592,118 | |
3.00% 8/1/51 | 341,760 | 302,581 | |
3.00% 1/1/52 | 19,244,837 | 16,963,408 | |
3.50% 6/1/47 | 3,508,369 | 3,241,980 | |
3.50% 4/1/52 | 3,159,579 | 2,892,766 | |
4.00% 8/1/52 | 6,670,563 | 6,289,155 | |
4.00% 9/1/52 | 2,439,955 | 2,290,814 | |
4.50% 9/1/52 | 3,696,253 | 3,556,113 | |
4.50% 10/1/52 | 3,211,935 | 3,088,459 | |
5.00% 7/1/52 | 2,603,298 | 2,553,441 | |
5.50% 9/1/52 | 2,031,120 | 2,040,476 | |
5.50% 11/1/52 | 990,309 | 989,312 | |
5.50% 2/1/53 | 1,950,070 | 1,947,267 | |
5.50% 3/1/53 | 2,091,083 | 2,102,970 | |
6.50% 12/1/31 | 13,136 | 13,437 | |
6.50% 1/1/32 | 9,881 | 10,269 | |
GNMA I S.F. 30 yr 6.50% 8/15/28 | 5,266 | 5,369 | |
GNMA II S.F. 30 yr | |||
3.00% 12/20/51 | 1,673,032 | 1,497,972 | |
5.00% 9/20/52 | 1,598,527 | 1,571,223 | |
Total Agency Mortgage-Backed Securities (cost $165,747,317) | 158,113,746 |
Corporate Bonds — 10.38% | |||
Banking — 2.18% | |||
Bank of America | |||
2.482% 9/21/36 μ | 1,370,000 | 1,048,714 | |
5.288% 4/25/34 μ | 1,150,000 | 1,139,829 | |
6.204% 11/10/28 μ | 2,305,000 | 2,371,061 | |
Bank of New York Mellon 4.70% 9/20/25 μ, ψ | 1,475,000 | 1,436,281 | |
Barclays | |||
6.224% 5/9/34 μ | 615,000 | 612,963 | |
7.385% 11/2/28 μ | 443,000 | 461,818 |
NQ- IV017 [0623] 0823 (3049803) 1
Schedule of investments
Delaware Ivy Balanced Fund (Unaudited)
Principalamount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Banking (continued) | |||
Citigroup | |||
5.61% 9/29/26 μ | 335,000 | $ 334,724 | |
6.174% 5/25/34 μ | 680,000 | 686,294 | |
Citizens Bank 6.064% 10/24/25 μ | 2,585,000 | 2,450,954 | |
Credit Agricole | |||
144A 5.301% 7/12/28 # | 435,000 | 433,793 | |
144A 5.514% 7/5/33 # | 1,105,000 | 1,112,466 | |
Credit Suisse 7.95% 1/9/25 | 2,020,000 | 2,062,004 | |
Deutsche Bank | |||
3.729% 1/14/32 μ | 718,000 | 543,386 | |
3.742% 1/7/33 μ | 351,000 | 257,646 | |
6.72% 1/18/29 μ | 1,323,000 | 1,325,911 | |
Fifth Third Bancorp 6.361% 10/27/28 μ | 170,000 | 169,393 | |
Fifth Third Bank 5.852% 10/27/25 μ | 1,430,000 | 1,393,643 | |
Goldman Sachs Group 1.542% 9/10/27 μ | 205,000 | 180,308 | |
Huntington National Bank | |||
4.552% 5/17/28 μ | 250,000 | 233,412 | |
5.65% 1/10/30 | 430,000 | 411,007 | |
JPMorgan Chase & Co. | |||
1.953% 2/4/32 μ | 605,000 | 482,249 | |
5.00% 8/1/24 μ, ψ | 2,476,000 | 2,420,290 | |
KeyBank | |||
5.00% 1/26/33 | 500,000 | 432,950 | |
5.85% 11/15/27 | 479,000 | 451,445 | |
KeyCorp 4.789% 6/1/33 μ | 269,000 | 225,640 | |
Morgan Stanley | |||
2.484% 9/16/36 μ | 790,000 | 599,744 | |
5.25% 4/21/34 μ | 800,000 | 790,335 | |
6.138% 10/16/26 μ | 1,085,000 | 1,096,387 | |
6.296% 10/18/28 μ | 728,000 | 748,729 | |
6.342% 10/18/33 μ | 365,000 | 388,455 | |
PNC Financial Services Group 5.671% 10/28/25 μ | 1,720,000 | 1,706,516 | |
Popular 7.25% 3/13/28 | 375,000 | 375,000 | |
SVB Financial Group 4.57% 4/29/33 ‡ | 1,413,000 | 948,640 | |
Truist Financial 6.123% 10/28/33 μ | 386,000 | 391,945 | |
US Bancorp | |||
3.10% 4/27/26 | 4,400,000 | 4,114,204 | |
4.653% 2/1/29 μ | 128,000 | 122,391 | |
4.839% 2/1/34 μ | 365,000 | 341,110 | |
5.836% 6/12/34 μ | 380,000 | 382,924 | |
34,684,561 |
Principalamount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Basic Industry — 0.22% | |||
Celanese US Holdings 6.05% 3/15/25 | 2,015,000 | $ 2,007,778 | |
Newmont 2.60% 7/15/32 | 275,000 | 224,834 | |
Sherwin-Williams 3.30% 5/15/50 | 1,775,000 | 1,264,692 | |
3,497,304 | |||
Capital Goods — 0.66% | |||
Boeing | |||
3.25% 2/1/28 | 160,000 | 147,008 | |
3.75% 2/1/50 | 3,025,000 | 2,273,679 | |
Lockheed Martin 4.75% 2/15/34 | 610,000 | 608,884 | |
Standard Industries 144A 4.375% 7/15/30 # | 2,098,000 | 1,818,960 | |
Waste Management 3.15% 11/15/27 | 6,000,000 | 5,623,737 | |
10,472,268 | |||
Communications — 1.46% | |||
AT&T | |||
3.50% 9/15/53 | 2,550,000 | 1,806,992 | |
3.65% 6/1/51 | 1,950,000 | 1,432,640 | |
5.40% 2/15/34 | 415,000 | 415,918 | |
CCO Holdings 144A 4.25% 1/15/34 # | 4,205,000 | 3,182,335 | |
Charter Communications Operating 3.85% 4/1/61 | 2,635,000 | 1,595,973 | |
Comcast | |||
3.45% 2/1/50 | 4,325,000 | 3,295,933 | |
4.80% 5/15/33 | 725,000 | 717,730 | |
Crown Castle | |||
1.05% 7/15/26 | 735,000 | 644,017 | |
2.10% 4/1/31 | 1,965,000 | 1,573,959 | |
Frontier Communications Holdings 144A 5.00% 5/1/28 # | 940,000 | 811,949 | |
Sprint 7.875% 9/15/23 | 2,235,000 | 2,242,409 | |
T-Mobile USA | |||
3.875% 4/15/30 | 4,425,000 | 4,079,255 | |
5.05% 7/15/33 | 655,000 | 643,418 | |
Verizon Communications 2.875% 11/20/50 | 480,000 | 313,136 | |
Warnermedia Holdings 5.141% 3/15/52 | 635,000 | 517,468 | |
23,273,132 | |||
Consumer Cyclical — 0.31% | |||
Amazon.com 2.50% 6/3/50 | 750,000 | 499,513 | |
Carnival 144A 4.00% 8/1/28 # | 985,000 | 874,108 | |
Ford Motor Credit 6.95% 6/10/26 | 455,000 | 457,694 |
2 NQ- IV017 [0623] 0823 (3049803)
(Unaudited)
Principalamount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Consumer Cyclical (continued) | |||
General Motors Financial 5.85% 4/6/30 | 1,115,000 | $ 1,106,324 | |
VICI Properties 4.95% 2/15/30 | 2,075,000 | 1,948,394 | |
4,886,033 | |||
Consumer Non-Cyclical — 0.79% | |||
Amgen | |||
5.15% 3/2/28 | 1,930,000 | 1,929,641 | |
5.25% 3/2/30 | 320,000 | 320,883 | |
5.25% 3/2/33 | 2,408,000 | 2,412,221 | |
CVS Health | |||
5.05% 3/25/48 | 1,020,000 | 940,905 | |
5.25% 1/30/31 | 270,000 | 269,237 | |
DaVita | |||
144A 3.75% 2/15/31 # | 370,000 | 296,299 | |
144A 4.625% 6/1/30 # | 670,000 | 575,924 | |
HCA | |||
3.50% 7/15/51 | 400,000 | 277,139 | |
5.20% 6/1/28 | 325,000 | 322,585 | |
JBS USA 144A 3.00% 2/2/29 # | 793,000 | 674,446 | |
Merck & Co. 2.75% 12/10/51 | 3,750,000 | 2,590,600 | |
Pfizer Investment Enterprises | |||
4.75% 5/19/33 | 665,000 | 662,753 | |
5.11% 5/19/43 | 460,000 | 461,339 | |
5.30% 5/19/53 | 385,000 | 400,579 | |
Royalty Pharma 3.55% 9/2/50 | 444,000 | 300,228 | |
Zoetis 5.40% 11/14/25 | 215,000 | 215,715 | |
12,650,494 | |||
Electric — 1.13% | |||
AEP Texas 5.40% 6/1/33 | 220,000 | 219,008 | |
Ameren Illinois 3.25% 3/15/50 | 2,000,000 | 1,467,580 | |
Appalachian Power 4.50% 8/1/32 | 1,775,000 | 1,664,834 | |
Berkshire Hathaway Energy 4.60% 5/1/53 | 3,000,000 | 2,574,111 | |
Commonwealth Edison 2.20% 3/1/30 | 2,650,000 | 2,242,895 | |
Duke Energy Carolinas 4.95% 1/15/33 | 1,345,000 | 1,335,719 | |
Entergy | |||
2.80% 6/15/30 | 1,765,000 | 1,498,289 | |
3.75% 6/15/50 | 700,000 | 517,373 | |
Exelon 5.30% 3/15/33 | 290,000 | 289,232 | |
Florida Power & Light 3.15% 10/1/49 | 2,575,000 | 1,881,215 | |
National Rural Utilities Cooperative Finance 5.80% 1/15/33 | 95,000 | 99,421 | |
NextEra Energy Capital Holdings 3.00% 1/15/52 | 635,000 | 418,489 |
Principalamount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Electric (continued) | |||
Oglethorpe Power 5.05% 10/1/48 | 1,584,000 | $ 1,400,018 | |
Public Service of Colorado 5.25% 4/1/53 | 340,000 | 326,981 | |
Southern 5.70% 10/15/32 | 640,000 | 662,860 | |
Southern California Edison | |||
3.45% 2/1/52 | 859,000 | 615,918 | |
4.125% 3/1/48 | 897,000 | 728,982 | |
17,942,925 | |||
Energy — 0.67% | |||
BP Capital Markets America | |||
2.721% 1/12/32 | 760,000 | 645,680 | |
4.812% 2/13/33 | 305,000 | 300,711 | |
Cheniere Energy Partners 144A 5.95% 6/30/33 # | 485,000 | 487,018 | |
Diamondback Energy 4.25% 3/15/52 | 731,000 | 561,514 | |
Energy Transfer | |||
6.25% 4/15/49 | 860,000 | 840,864 | |
6.50% 11/15/26 μ, ψ | 950,000 | 865,279 | |
Enterprise Products Operating | |||
3.30% 2/15/53 | 1,195,000 | 854,250 | |
5.35% 1/31/33 | 1,975,000 | 2,009,228 | |
Kinder Morgan 5.20% 6/1/33 | 460,000 | 445,995 | |
Occidental Petroleum 6.125% 1/1/31 | 620,000 | 630,177 | |
Targa Resources Partners 5.00% 1/15/28 | 3,220,000 | 3,075,897 | |
10,716,613 | |||
Finance Companies — 0.56% | |||
AerCap Ireland Capital DAC | |||
3.00% 10/29/28 | 380,000 | 328,866 | |
3.40% 10/29/33 | 250,000 | 201,060 | |
6.50% 7/15/25 | 2,605,000 | 2,619,575 | |
Air Lease | |||
2.875% 1/15/32 | 1,560,000 | 1,253,790 | |
5.85% 12/15/27 | 1,040,000 | 1,039,595 | |
American Tower Trust #1 144A 3.652% 3/15/48��# | 2,000,000 | 1,857,654 | |
Aviation Capital Group | |||
144A 3.50% 11/1/27 # | 1,635,000 | 1,445,438 | |
144A 6.25% 4/15/28 # | 182,000 | 181,750 | |
8,927,728 | |||
Insurance — 0.91% | |||
American International Group 5.125% 3/27/33 | 1,000,000 | 977,306 | |
Aon 5.00% 9/12/32 | 2,080,000 | 2,054,657 |
NQ- IV017 [0623] 0823 (3049803) 3
Schedule of investments
Delaware Ivy Balanced Fund (Unaudited)
Principalamount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Insurance (continued) | |||
Athene Holding | |||
3.45% 5/15/52 | 1,275,000 | $ 776,883 | |
3.95% 5/25/51 | 565,000 | 379,274 | |
Berkshire Hathaway Finance 3.85% 3/15/52 | 2,885,000 | 2,387,486 | |
Elevance Health 5.125% 2/15/53 | 165,000 | 160,128 | |
Northwestern Mutual Life Insurance 144A 3.85% 9/30/47 # | 5,000,000 | 3,906,751 | |
UnitedHealth Group | |||
4.20% 5/15/32 | 768,000 | 733,495 | |
4.50% 4/15/33 | 2,045,000 | 1,992,971 | |
5.05% 4/15/53 | 1,180,000 | 1,173,754 | |
14,542,705 | |||
Natural Gas — 0.12% | |||
Atmos Energy 2.85% 2/15/52 | 495,000 | 334,942 | |
Southern California Gas | |||
5.20% 6/1/33 | 580,000 | 572,640 | |
5.75% 6/1/53 | 250,000 | 252,966 | |
Southern Co. Gas Capital 5.15% 9/15/32 | 784,000 | 779,511 | |
1,940,059 | |||
Real Estate Investment Trusts — 0.23% | |||
American Homes 4 Rent 3.625% 4/15/32 | 310,000 | 268,199 | |
Extra Space Storage 2.35% 3/15/32 | 4,400,000 | 3,443,850 | |
3,712,049 | |||
Technology — 0.92% | |||
Apple | |||
4.30% 5/10/33 | 390,000 | 388,100 | |
4.85% 5/10/53 | 430,000 | 440,996 | |
Autodesk | |||
2.40% 12/15/31 | 605,000 | 495,441 | |
2.85% 1/15/30 | 2,945,000 | 2,583,972 | |
CDW 3.276% 12/1/28 | 325,000 | 282,524 | |
CoStar Group 144A 2.80% 7/15/30 # | 2,650,000 | 2,188,992 | |
Entegris Escrow 144A 4.75% 4/15/29 # | 535,000 | 497,152 | |
Iron Mountain 144A 5.25% 7/15/30 # | 517,000 | 466,329 | |
Iron Mountain Information Management Services 144A 5.00% 7/15/32 # | 1,595,000 | 1,379,237 |
Principalamount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Technology (continued) | |||
Oracle | |||
3.60% 4/1/50 | 1,195,000 | $ 854,593 | |
4.65% 5/6/30 | 205,000 | 198,198 | |
5.55% 2/6/53 | 1,162,000 | 1,126,055 | |
TSMC Global 144A 1.75% 4/23/28 # | 4,400,000 | 3,790,518 | |
14,692,107 | |||
Transportation — 0.22% | |||
American Airlines 144A 5.50% 4/20/26 # | 192,442 | 190,824 | |
Burlington Northern Santa Fe 2.875% 6/15/52 | 455,000 | 311,668 | |
Delta Air Lines 144A 7.00% 5/1/25 # | 2,480,000 | 2,534,671 | |
ERAC USA Finance | |||
144A 4.90% 5/1/33 # | 310,000 | 303,172 | |
144A 5.40% 5/1/53 # | 195,000 | 194,832 | |
3,535,167 | |||
Total Corporate Bonds (cost $180,628,254) | 165,473,145 | ||
Non-Agency Collateralized Mortgage Obligations — 0.11% | |||
Connecticut Avenue Securities Trust Series 2022-R01 1M2 144A 6.967% (SOFR + 1.90%) 12/25/41 #, • | 1,750,000 | 1,705,165 | |
Total Non-Agency Collateralized Mortgage Obligations (cost $1,708,612) | 1,705,165 | ||
Non-Agency Commercial Mortgage-Backed Securities — 3.45% | |||
BANK | |||
Series 2021-BN32 A5 2.643% 4/15/54 | 7,060,000 | 5,873,122 | |
Series 2021-BN36 A5 2.47% 9/15/64 | 10,096,000 | 8,205,757 | |
Series 2022-BNK39 A4 2.928% 2/15/55 | 8,345,000 | 6,966,937 | |
Series 2022-BNK39 B 3.348% 2/15/55 • | 588,000 | 437,216 | |
Series 2022-BNK39 C 3.379% 2/15/55 • | 432,000 | 286,984 | |
Series 2022-BNK40 A4 3.507% 3/15/64 • | 8,150,000 | 7,088,295 | |
Series 2022-BNK40 B 3.507% 3/15/64 • | 1,000,000 | 762,847 | |
Benchmark Mortgage Trust | |||
Series 2021-B24 A5 2.584% 3/15/54 | 6,000,000 | 4,782,572 | |
Series 2022-B32 A5 3.002% 1/15/55 • | 9,000,000 | 7,297,122 |
4 NQ- IV017 [0623] 0823 (3049803)
(Unaudited)
Principalamount° | Value (US $) | ||
Non-Agency Commercial Mortgage-Backed Securities (continued) | |||
Benchmark Mortgage Trust | |||
Series 2022-B32 B 3.202% 1/15/55 • | 975,000 | $ 734,398 | |
Series 2022-B32 C 3.572% 1/15/55 • | 1,196,000 | 820,590 | |
Series 2022-B33 A5 3.458% 3/15/55 | 8,100,000 | 7,075,741 | |
Series 2022-B33 B 3.735% 3/15/55 • | 500,000 | 397,318 | |
Series 2022-B33 C 3.735% 3/15/55 • | 500,000 | 357,615 | |
BMO Mortgage Trust Series 2022-C1 A5 3.374% 2/15/55 • | 4,500,000 | 3,891,863 | |
Total Non-Agency Commercial Mortgage-Backed Securities (cost $66,740,875) | 54,978,377 | ||
US Treasury Obligations — 7.97% | |||
US Treasury Bonds | |||
1.75% 8/15/41 | 8,370,000 | 5,886,464 | |
3.625% 2/15/53 | 10,240,000 | 9,830,400 | |
3.625% 5/15/53 | 545,000 | 523,881 | |
3.875% 2/15/43 | 18,060,000 | 17,614,144 | |
3.875% 5/15/43 | 3,165,000 | 3,088,842 | |
4.375% 2/15/38 | 1,770,000 | 1,885,638 | |
US Treasury Floating Rate Notes | |||
4.931% (USBMMY3M + 0.20%) 1/31/25 • | 2,145,000 | 2,148,831 | |
5.389% (USBMMY3M + 0.14%) 10/31/24 • | 5,410,000 | 5,415,047 | |
US Treasury Notes | |||
2.75% 11/15/23 | 13,300,000 | 13,177,109 | |
3.375% 5/15/33 | 3,240,000 | 3,125,081 | |
3.50% 1/31/30 | 8,110,000 | 7,871,452 | |
3.50% 4/30/30 | 12,065,000 | 11,716,247 | |
3.625% 4/30/28 | 13,540,000 | 13,158,658 | |
3.625% 5/31/30 | 2,720,000 | 2,682,388 | |
4.00% 6/30/28 | 12,555,000 | 12,487,321 | |
4.125% 6/15/26 | 16,625,000 | 16,458,750 | |
Total US Treasury Obligations (cost $130,521,058) | 127,070,253 |
Number of shares | |||
Common Stocks — 62.21% | |||
Communication Services — 4.15% | |||
Alphabet Class A † | 223,118 | 26,707,224 | |
Alphabet Class C † | 149,998 | 18,145,258 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Communication Services (continued) | |||
Take-Two Interactive Software † | 144,054 | $ 21,198,987 | |
66,051,469 | |||
Consumer Discretionary — 5.05% | |||
Amazon.com † | 306,787 | 39,992,753 | |
Aptiv † | 209,554 | 21,393,368 | |
AutoZone † | 7,653 | 19,081,684 | |
80,467,805 | |||
Consumer Staples — 2.37% | |||
Costco Wholesale | 47,022 | 25,315,704 | |
Procter & Gamble | 81,828 | 12,416,581 | |
37,732,285 | |||
Energy — 1.52% | |||
ConocoPhillips | 153,970 | 15,952,832 | |
Schlumberger | 169,569 | 8,329,229 | |
24,282,061 | |||
Financials — 10.97% | |||
American Express | 83,904 | 14,616,077 | |
Aon Class A | 58,166 | 20,078,903 | |
Blackstone | 135,247 | 12,573,913 | |
Capital One Financial | 69,494 | 7,600,559 | |
Discover Financial Services | 80,564 | 9,413,903 | |
Fiserv † | 151,288 | 19,084,981 | |
Intercontinental Exchange | 140,445 | 15,881,521 | |
JPMorgan Chase & Co. | 90,927 | 13,224,423 | |
KKR & Co. | 257,880 | 14,441,280 | |
Mastercard Class A | 46,542 | 18,304,969 | |
Morgan Stanley | 193,165 | 16,496,291 | |
Progressive | 99,170 | 13,127,133 | |
174,843,953 | |||
Healthcare — 7.53% | |||
Abbott Laboratories | 93,299 | 10,171,457 | |
Danaher | 62,468 | 14,992,320 | |
HCA Healthcare | 111,760 | 33,916,925 | |
UnitedHealth Group | 98,173 | 47,185,871 | |
Vertex Pharmaceuticals † | 39,153 | 13,778,332 | |
120,044,905 | |||
Industrials — 5.87% | |||
Airbus ADR | 752,193 | 27,184,255 | |
Equifax | 79,563 | 18,721,174 | |
Howmet Aerospace | 282,598 | 14,005,557 | |
Raytheon Technologies | 141,694 | 13,880,344 | |
United Rentals | 44,238 | 19,702,278 | |
93,493,608 | |||
Information Technology — 19.60% | |||
Apple | 217,231 | 42,136,297 | |
Applied Materials | 173,625 | 25,095,757 | |
Intuit | 41,434 | 18,984,644 |
NQ- IV017 [0623] 0823 (3049803) 5
Schedule of investments
Delaware Ivy Balanced Fund (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Information Technology (continued) | |||
KLA | 20,441 | $ 9,914,294 | |
Microchip Technology | 247,495 | 22,173,077 | |
Microsoft | 261,894 | 89,185,383 | |
NVIDIA | 30,447 | 12,879,690 | |
Salesforce † | 84,123 | 17,771,825 | |
Seagate Technology Holdings | 183,471 | 11,351,351 | |
TE Connectivity | 223,805 | 31,368,509 | |
VeriSign † | 88,131 | 19,914,962 | |
Zebra Technologies Class A † | 39,073 | 11,558,966 | |
312,334,755 | |||
Materials — 3.46% | |||
Crown Holdings | 113,113 | 9,826,126 | |
Linde | 67,548 | 25,741,192 | |
Sherwin-Williams | 73,677 | 19,562,717 | |
55,130,035 | |||
Utilities — 1.69% | |||
NextEra Energy | 363,409 | 26,964,948 | |
26,964,948 | |||
Total Common Stocks (cost $781,974,112) | 991,345,824 | ||
Exchange-Traded Funds — 3.82% | |||
iShares 0-5 Year Investment Grade Corporate Bond ETF | 310,921 | 14,989,501 | |
iShares Latin America 40 ETF | 151,781 | 4,123,890 | |
iShares MSCI China ETF | 111,850 | 5,004,169 | |
iShares MSCI Emerging Markets Asia ETF | 96,647 | 6,350,674 | |
Vanguard Russell 2000 ETF | 401,625 | 30,370,883 | |
Total Exchange-Traded Funds (cost $61,849,374) | 60,839,117 | ||
Short-Term Investments — 1.10% | |||
Money Market Mutual Funds — 1.10% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.99%) | 4,390,206 | 4,390,206 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.99%) | 4,390,206 | 4,390,206 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 5.14%) | 4,390,206 | 4,390,206 |
Number of shares | Value (US $) | ||
Short-Term Investments (continued) | |||
Money Market Mutual Funds (continued) | |||
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 5.03%) | 4,390,206 | $ 4,390,206 | |
Total Short-Term Investments (cost $17,560,824) | 17,560,824 | ||
Total Value of Securities—99.89% (cost $1,422,696,239) | 1,591,824,390 | ||
Receivables and Other Assets Net of Liabilities—0.11%★ | 1,683,160 | ||
Net Assets Applicable to 81,086,978 Shares Outstanding—100.00% | $1,593,507,550 |
° | Principal amount shown is stated in USD unless noted that the security is denominated in another currency. |
# | 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 $35,292,243, which represents 2.21% of the Fund's net assets. |
• | Variable rate investment. Rates reset periodically. Rate shown reflects the rate in effect at June 30, 2023. 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. |
μ | Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at June 30, 2023. Rate will reset at a future date. |
ψ | Perpetual security. Maturity date represents next call date. |
‡ | Non-income producing security. Security is currently in default. |
† | Non-income producing security. |
★ | Includes $585,899 cash collateral held at broker for futures contracts as of June 30, 2023. |
6 NQ- IV017 [0623] 0823 (3049803)
(Unaudited)
The following futures contract were outstanding at June 30, 2023:
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 | |||||||
699 | US Treasury 5 yr Notes | $74,858,531 | $76,377,642 | 9/29/23 | $— | $(1,519,111) | $— | ||||||
(99) | US Treasury 10 yr Notes | (11,114,297) | (11,324,422) | 9/20/23 | 210,125 | — | (13,922) | ||||||
(222) | US Treasury 10 yr Ultra Notes | (26,293,125) | (26,609,957) | 9/20/23 | 316,832 | — | (65,905) | ||||||
21 | US Treasury Ultra Bonds | 2,860,593 | 2,827,508 | 9/20/23 | 33,085 | — | 26,250 | ||||||
Total Futures Contracts | $41,270,771 | $560,042 | $(1,519,111) | $(53,577) |
The use of futures contracts involves elements of market risk and risks in excess of the amounts disclosed in the schedule of investments. 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 |
DAC – Designated Activity Company |
ETF – Exchange-Traded Fund |
GNMA – Government National Mortgage Association |
ICE – Intercontinental Exchange, Inc. |
LIBOR – London Interbank Offered Rate |
LIBOR03M – ICE LIBOR USD 3 Month |
LIBOR06M – ICE LIBOR USD 6 Month |
MSCI – Morgan Stanley Capital International |
REMIC – Real Estate Mortgage Investment Conduit |
S.F. – Single Family |
SOFR – Secured Overnight Financing Rate |
USBMMY3M – US Treasury 3 Month Bill Money Market Yield |
USD – US Dollar |
yr – Year |
NQ- IV017 [0623] 0823 (3049803) 7