Schedule of investments
Delaware Ivy Core Bond Fund
June 30, 2023 (Unaudited)
Principal amount° | Value (US $) | ||
Agency Collateralized Mortgage Obligations — 0.15% | |||
Freddie Mac REMICs Series 2557 HL 5.30% 1/15/33 | 19,770 | $ 19,661 | |
Freddie Mac Whole Loan Securities Trust | |||
Series 2015-SC01 1A 3.50% 5/25/45 | 560,404 | 493,514 | |
Series 2016-SC02 1A 3.00% 10/25/46 | 176,167 | 152,973 | |
GNMA Series 2005-23 IO 6/17/45 • | 59,157 | 3 | |
Total Agency Collateralized Mortgage Obligations (cost $772,620) | 666,151 | ||
Agency Mortgage-Backed Securities — 28.21% | |||
Fannie Mae 2.50% 11/1/27 | 165,540 | 154,585 | |
Fannie Mae S.F. 15 yr | |||
3.50% 11/1/25 | 29,542 | 28,813 | |
3.50% 6/1/26 | 72,355 | 70,343 | |
4.50% 4/1/25 | 9,271 | 9,141 | |
6.00% 8/1/23 | 516 | 514 | |
Fannie Mae S.F. 20 yr | |||
2.00% 9/1/41 | 2,153,345 | 1,821,451 | |
3.50% 12/1/32 | 433,441 | 413,414 | |
4.00% 8/1/42 | 562,396 | 535,885 | |
4.00% 9/1/42 | 2,669,738 | 2,543,885 | |
5.00% 7/1/23 | 14 | 14 | |
5.50% 2/1/24 | 877 | 873 | |
Fannie Mae S.F. 30 yr | |||
2.00% 3/1/51 | 8,662,939 | 7,098,287 | |
2.50% 4/1/51 | 766,221 | 653,084 | |
2.50% 11/1/51 | 1,760,416 | 1,495,085 | |
2.50% 2/1/52 | 4,703,693 | 4,008,258 | |
3.00% 9/1/42 | 697,639 | 629,794 | |
3.00% 5/1/43 | 977,509 | 882,416 | |
3.00% 1/1/46 | 468,788 | 416,839 | |
3.00% 12/1/51 | 1,613,977 | 1,431,462 | |
3.00% 2/1/52 | 1,084,933 | 959,505 | |
3.50% 8/1/50 | 4,135,674 | 3,817,022 | |
3.50% 6/1/52 | 13,037,031 | 11,882,628 | |
4.00% 12/1/40 | 194,000 | 185,788 | |
4.00% 4/1/41 | 399,171 | 383,797 | |
4.00% 8/1/41 | 181,354 | 174,371 | |
4.00% 9/1/41 | 212,483 | 204,299 | |
4.00% 10/1/41 | 347,975 | 334,570 | |
4.00% 1/1/44 | 399,078 | 385,945 | |
4.00% 4/1/44 | 783,252 | 751,631 | |
4.00% 2/1/47 | 179,918 | 171,592 | |
4.50% 1/1/50 | 977,906 | 965,706 | |
4.50% 10/1/52 | 4,683,394 | 4,503,229 |
Principal amount° | Value (US $) | ||
Agency Mortgage-Backed Securities (continued) | |||
Fannie Mae S.F. 30 yr | |||
4.50% 2/1/53 | 3,543,128 | $ 3,406,793 | |
5.00% 7/1/47 | 5,660,892 | 5,701,336 | |
5.00% 9/1/52 | 1,807,460 | 1,772,367 | |
5.50% 8/1/52 | 4,840,275 | 4,824,954 | |
5.50% 3/1/53 | 6,182,840 | 6,153,730 | |
6.00% 1/1/42 | 566,694 | 588,443 | |
6.00% 6/1/53 | 2,160,879 | 2,179,807 | |
6.50% 12/1/31 | 2,127 | 2,208 | |
6.50% 2/1/32 | 33,230 | 34,725 | |
6.50% 4/1/32 | 4,370 | 4,522 | |
6.50% 5/1/32 | 7,202 | 7,361 | |
6.50% 7/1/32 | 2,391 | 2,472 | |
6.50% 8/1/32 | 5,102 | 5,266 | |
6.50% 9/1/32 | 12,198 | 12,520 | |
6.50% 10/1/32 | 10,166 | 10,470 | |
6.50% 8/1/33 | 6,428 | 6,571 | |
6.50% 9/1/34 | 21,341 | 21,809 | |
6.50% 11/1/34 | 2,037 | 2,122 | |
6.50% 3/1/35 | 43,713 | 45,250 | |
7.00% 9/1/31 | 1,745 | 1,748 | |
7.00% 11/1/31 | 24,253 | 24,399 | |
7.00% 2/1/32 | 16,719 | 17,169 | |
7.00% 3/1/32 | 25,617 | 26,552 | |
7.50% 5/1/31 | 4,337 | 4,325 | |
Freddie Mac S.F. 15 yr | |||
2.50% 4/1/28 | 99,920 | 94,708 | |
3.50% 8/1/26 | 59,635 | 57,931 | |
Freddie Mac S.F. 20 yr | |||
2.50% 2/1/42 | 2,251,806 | 1,960,532 | |
3.00% 3/1/37 | 1,853,842 | 1,713,321 | |
3.50% 5/1/32 | 269,433 | 258,979 | |
5.00% 5/1/29 | 9,639 | 9,636 | |
Freddie Mac S.F. 30 yr | |||
2.50% 11/1/51 | 3,093,286 | 2,652,024 | |
2.50% 2/1/52 | 4,205,925 | 3,571,663 | |
2.50% 5/1/52 | 673,408 | 571,298 | |
3.00% 8/1/42 | 431,814 | 389,822 | |
3.00% 1/1/43 | 573,784 | 517,969 | |
3.00% 2/1/43 | 726,653 | 655,974 | |
3.00% 12/1/46 | 239,025 | 213,869 | |
3.00% 1/1/47 | 639,559 | 572,251 | |
3.00% 7/1/50 | 1,156,442 | 1,031,477 | |
3.00% 8/1/52 | 5,335,868 | 4,734,067 | |
4.00% 10/1/40 | 100,873 | 96,791 | |
4.00% 11/1/40 | 189,578 | 183,988 | |
4.00% 2/1/41 | 431,813 | 415,184 | |
4.00% 3/1/41 | 135,546 | 130,327 | |
4.00% 6/1/41 | 163,378 | 157,086 | |
4.00% 8/1/41 | 70,890 | 68,159 | |
4.00% 11/1/41 | 883,702 | 849,659 |
NQ-IV018 [6/23] 8/23 (xxxxxx) 1
Schedule of investments
Delaware Ivy Core Bond Fund (Unaudited)
Principal amount° | Value (US $) | ||
Agency Mortgage-Backed Securities (continued) | |||
Freddie Mac S.F. 30 yr | |||
4.00% 8/1/52 | 1,348,447 | $ 1,271,346 | |
4.00% 9/1/52 | 2,446,752 | 2,307,661 | |
4.50% 1/1/41 | 140,234 | 138,119 | |
4.50% 3/1/41 | 86,950 | 85,638 | |
4.50% 4/1/41 | 273,580 | 269,556 | |
4.50% 9/1/52 | 7,036,791 | 6,768,933 | |
4.50% 10/1/52 | 1,953,720 | 1,878,613 | |
5.00% 9/1/34 | 192 | 189 | |
5.00% 7/1/52 | 1,346,865 | 1,321,071 | |
5.50% 9/1/52 | 3,886,245 | 3,953,498 | |
5.50% 10/1/52 | 695,547 | 692,916 | |
5.50% 3/1/53 | 1,057,982 | 1,063,997 | |
6.00% 12/1/52 | 2,038,012 | 2,055,863 | |
6.50% 9/1/32 | 8,528 | 8,892 | |
6.50% 5/1/34 | 49,802 | 52,257 | |
6.50% 7/1/36 | 5,335 | 5,448 | |
7.00% 12/1/37 | 12,318 | 12,203 | |
GNMA I 6.25% 7/15/24 | 5,935 | 5,659 | |
GNMA I S.F. 30 yr | |||
3.00% 3/15/45 | 972,223 | 875,877 | |
4.00% 1/15/41 | 166,161 | 161,717 | |
4.00% 10/15/41 | 99,307 | 96,115 | |
4.50% 6/15/40 | 137,416 | 135,737 | |
5.00% 7/15/33 | 33,698 | 33,873 | |
5.00% 7/15/34 | 21,847 | 21,950 | |
5.00% 1/15/35 | 40,516 | 40,928 | |
5.00% 12/15/35 | 71,083 | 70,449 | |
5.00% 12/15/39 | 42,900 | 43,059 | |
5.00% 1/15/40 | 209,328 | 210,180 | |
5.00% 7/15/40 | 40,308 | 40,001 | |
5.50% 10/15/42 | 844,539 | 868,998 | |
GNMA II | |||
3.25% 11/20/35 | 317,361 | 294,609 | |
4.00% 8/20/31 | 243,092 | 238,465 | |
4.00% 6/20/36 | 378,061 | 362,483 | |
GNMA II S.F. 30 yr | |||
3.00% 12/20/51 | 1,449,860 | 1,298,153 | |
4.00% 12/20/40 | 181,869 | 175,468 | |
4.00% 12/20/44 | 125,875 | 121,927 | |
5.50% 6/20/49 | 1,571,573 | 1,585,723 | |
Vendee Mortgage Trust | |||
5.641% 2/15/25 • | 10,714 | 10,589 | |
7.792% 2/15/25 | 650 | 651 | |
Total Agency Mortgage-Backed Securities (cost $124,455,763) | 121,256,671 | ||
Principal amount° | Value (US $) | ||
Collateralized Debt Obligations — 2.12% | |||
Ares LXIV CLO Series 2022-64A A1 144A 6.426% (TSFR3M + 1.44%, Floor 1.44%) 4/15/35 #, • | 3,000,000 | $ 2,938,719 | |
BlueMountain CLO XXX Series 2020-30A AR 144A 6.356% (TSFR03M + 1.37%, Floor 1.37%) 4/15/35 #, • | 3,300,000 | 3,246,477 | |
CIFC Funding Series 2022-3A A 144A 6.466% (TSFR3M + 1.41%, Floor 1.41%) 4/21/35 #, • | 3,000,000 | 2,936,265 | |
Total Collateralized Debt Obligations (cost $9,066,883) | 9,121,461 | ||
Corporate Bonds — 38.30% | |||
Banking — 6.44% | |||
Bank of America | |||
2.482% 9/21/36 μ | 1,130,000 | 864,998 | |
5.288% 4/25/34 μ | 975,000 | 966,377 | |
Bank of New York Mellon 4.70% 9/20/25 μ, ψ | 1,430,000 | 1,392,463 | |
Barclays | |||
5.501% 8/9/28 μ | 250,000 | 244,006 | |
6.224% 5/9/34 μ | 520,000 | 518,278 | |
7.325% 11/2/26 μ | 535,000 | 547,200 | |
BBVA Bancomer 144A 5.875% 9/13/34 #, μ | 1,000,000 | 891,165 | |
Citigroup | |||
5.61% 9/29/26 μ | 1,670,000 | 1,668,622 | |
6.174% 5/25/34 μ | 570,000 | 575,276 | |
Citizens Bank 6.064% 10/24/25 μ | 900,000 | 853,330 | |
Credit Agricole 144A 5.514% 7/5/33 # | 915,000 | 921,182 | |
Credit Suisse 7.95% 1/9/25 | 255,000 | 260,302 | |
Deutsche Bank | |||
3.729% 1/14/32 μ | 612,000 | 463,165 | |
3.742% 1/7/33 μ | 301,000 | 220,945 | |
6.72% 1/18/29 μ | 879,000 | 880,934 | |
Fifth Third Bank 5.852% 10/27/25 μ | 665,000 | 648,093 | |
JPMorgan Chase & Co. 1.764% 11/19/31 μ | 2,540,000 | 2,011,050 | |
KeyBank 5.00% 1/26/33 | 930,000 | 805,287 | |
Morgan Stanley | |||
5.25% 4/21/34 μ | 680,000 | 671,785 | |
6.138% 10/16/26 μ | 370,000 | 373,883 | |
6.296% 10/18/28 μ | 450,000 | 462,813 | |
6.342% 10/18/33 μ | 305,000 | 324,599 | |
NBK SPC 144A 1.625% 9/15/27 #, μ | 500,000 | 446,505 |
2 NQ-IV018 [6/23] 8/23 (xxxxxx)
(Unaudited)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Banking (continued) | |||
PNC Financial Services Group 5.671% 10/28/25 μ | 525,000 | $ 520,884 | |
Popular 7.25% 3/13/28 | 325,000 | 325,000 | |
SVB Financial Group 4.57% 4/29/33 μ, ‡ | 1,127,000 | 756,629 | |
Truist Financial | |||
4.95% 9/1/25 μ, ψ | 2,330,000 | 2,161,075 | |
6.123% 10/28/33 μ | 445,000 | 451,854 | |
8.654% 12/15/24 μ, ψ | 2,165,000 | 2,127,199 | |
US Bancorp | |||
2.491% 11/3/36 μ | 1,415,000 | 1,035,973 | |
3.00% 7/30/29 | 2,700,000 | 2,286,621 | |
4.653% 2/1/29 μ | 101,000 | 96,574 | |
4.839% 2/1/34 μ | 300,000 | 280,365 | |
5.727% 10/21/26 μ | 311,000 | 310,953 | |
5.836% 6/12/34 μ | 315,000 | 317,424 | |
27,682,809 | |||
Basic Industry — 1.20% | |||
Braskem Netherlands Finance 144A 4.50% 1/31/30 # | 1,000,000 | 859,816 | |
First Quantum Minerals 144A 8.625% 6/1/31 # | 1,055,000 | 1,082,567 | |
Methanex 5.25% 12/15/29 | 1,645,000 | 1,504,584 | |
Novelis 144A 4.75% 1/30/30 # | 745,000 | 662,798 | |
Sherwin-Williams 3.30% 5/15/50 | 1,450,000 | 1,033,129 | |
5,142,894 | |||
Brokerage — 0.27% | |||
Jefferies Financial Group 6.50% 1/20/43 | 1,150,000 | 1,153,274 | |
1,153,274 | |||
Capital Goods — 1.49% | |||
Ardagh Metal Packaging Finance USA 144A 3.25% 9/1/28 # | 1,330,000 | 1,143,930 | |
Boeing 3.75% 2/1/50 | 2,075,000 | 1,559,631 | |
Lockheed Martin 4.75% 2/15/34 | 510,000 | 509,067 | |
Mauser Packaging Solutions Holding 144A 7.875% 8/15/26 # | 700,000 | 696,212 | |
Standard Industries 144A 3.375% 1/15/31 # | 1,150,000 | 927,065 | |
Turkiye Sise ve Cam Fabrikalari 144A 6.95% 3/14/26 # | 1,000,000 | 975,000 | |
United Rentals North America 3.875% 2/15/31 | 705,000 | 611,023 | |
6,421,928 | |||
Communications — 3.70% | |||
AT&T | |||
3.50% 9/15/53 | 1,645,000 | 1,165,687 | |
3.55% 9/15/55 | 3,343,000 | 2,342,772 | |
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Communications (continued) | |||
CCO Holdings 144A 4.25% 1/15/34 # | 2,000,000 | $ 1,513,596 | |
Cellnex Finance 144A 3.875% 7/7/41 # | 350,000 | 256,758 | |
Charter Communications Operating 3.85% 4/1/61 | 3,175,000 | 1,923,042 | |
Comcast 4.80% 5/15/33 | 615,000 | 608,833 | |
Connect Finco 144A 6.75% 10/1/26 # | 638,000 | 620,274 | |
Crown Castle | |||
1.05% 7/15/26 | 595,000 | 521,347 | |
2.10% 4/1/31 | 1,890,000 | 1,513,884 | |
Directv Financing 144A 5.875% 8/15/27 # | 800,000 | 725,448 | |
Discovery Communications 4.00% 9/15/55 | 2,205,000 | 1,467,789 | |
Frontier Communications Holdings 144A 5.00% 5/1/28 # | 800,000 | 691,020 | |
IHS Holding 144A 5.625% 11/29/26 # | 500,000 | 437,600 | |
Summit Digitel Infrastructure 144A 2.875% 8/12/31 # | 750,000 | 593,438 | |
T-Mobile USA 5.05% 7/15/33 | 545,000 | 535,363 | |
Vmed O2 UK Financing I 144A 4.25% 1/31/31 # | 1,215,000 | 983,492 | |
15,900,343 | |||
Consumer Cyclical — 2.18% | |||
Alsea 144A 7.75% 12/14/26 # | 500,000 | 496,528 | |
Amazon.com 2.50% 6/3/50 | 2,555,000 | 1,701,674 | |
Aptiv 3.10% 12/1/51 | 2,375,000 | 1,495,282 | |
Carnival 144A 4.00% 8/1/28 # | 665,000 | 590,134 | |
Ford Motor Credit | |||
2.90% 2/10/29 | 1,775,000 | 1,470,591 | |
6.95% 6/10/26 | 375,000 | 377,220 | |
General Motors Financial 5.85% 4/6/30 | 945,000 | 937,647 | |
Kia 144A 2.75% 2/14/27 # | 1,000,000 | 916,535 | |
VICI Properties 4.95% 2/15/30 | 1,485,000 | 1,394,393 | |
9,380,004 | |||
Consumer Non-Cyclical — 5.21% | |||
Amgen | |||
5.15% 3/2/28 | 300,000 | 299,944 | |
5.25% 3/2/30 | 270,000 | 270,745 | |
5.25% 3/2/33 | 741,000 | 742,299 | |
Bunge Limited Finance | |||
1.63% 8/17/25 | 1,192,000 | 1,097,281 | |
2.75% 5/14/31 | 1,750,000 | 1,469,858 | |
Central American Bottling 144A 5.25% 4/27/29 # | 1,000,000 | 924,904 |
NQ-IV018 [6/23] 8/23 (xxxxxx) 3
Schedule of investments
Delaware Ivy Core Bond Fund (Unaudited)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Consumer Non-Cyclical (continued) | |||
CVS Health | |||
2.70% 8/21/40 | 2,035,000 | $ 1,422,055 | |
5.25% 1/30/31 | 225,000 | 224,365 | |
DaVita | |||
144A 3.75% 2/15/31 # | 315,000 | 252,254 | |
144A 4.625% 6/1/30 # | 570,000 | 489,965 | |
HCA | |||
3.50% 7/15/51 | 1,049,000 | 726,797 | |
5.20% 6/1/28 | 275,000 | 272,956 | |
New York and Presbyterian Hospital | |||
2.256% 8/1/40 | 4,150,000 | 2,803,042 | |
2.606% 8/1/60 | 1,600,000 | 936,879 | |
NYU Langone Hospitals | |||
3.38% 7/1/55 | 4,900,000 | 3,501,506 | |
4.428% 7/1/42 | 1,775,000 | 1,570,472 | |
Pfizer Investment Enterprises | |||
4.75% 5/19/33 | 555,000 | 553,125 | |
5.11% 5/19/43 | 385,000 | 386,121 | |
5.30% 5/19/53 | 320,000 | 332,949 | |
Royalty Pharma 3.35% 9/2/51 | 3,531,000 | 2,277,687 | |
Tenet Healthcare 4.25% 6/1/29 | 2,015,000 | 1,822,341 | |
22,377,545 | |||
Electric — 4.27% | |||
AEP Texas 5.40% 6/1/33 | 185,000 | 184,166 | |
Alfa Desarrollo 144A 4.55% 9/27/51 # | 995,070 | 731,083 | |
Appalachian Power 4.50% 8/1/32 | 1,450,000 | 1,360,005 | |
Berkshire Hathaway Energy 2.85% 5/15/51 | 1,820,000 | 1,178,914 | |
Duke Energy Carolinas 4.95% 1/15/33 | 415,000 | 412,137 | |
Entergy Mississippi 3.25% 12/1/27 | 2,400,000 | 2,209,019 | |
Entergy Texas 3.45% 12/1/27 | 3,600,000 | 3,302,720 | |
Exelon 4.05% 4/15/30 | 2,500,000 | 2,339,045 | |
JSW Hydro Energy 144A 4.125% 5/18/31 # | 630,000 | 532,099 | |
Oglethorpe Power 4.50% 4/1/47 | 1,725,000 | 1,428,214 | |
Pacific Gas and Electric 3.30% 8/1/40 | 2,900,000 | 1,957,649 | |
PG&E 5.25% 7/1/30 | 1,000,000 | 897,213 | |
Vistra 144A 7.00% 12/15/26 #, μ, ψ | 535,000 | 467,389 | |
Vistra Operations 144A 5.125% 5/13/25 # | 1,375,000 | 1,341,994 | |
18,341,647 | |||
Energy — 5.09% | |||
BP Capital Markets 4.875% 3/22/30 μ, ψ | 1,575,000 | 1,436,597 |
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Energy (continued) | |||
Cheniere Energy Partners 144A 5.95% 6/30/33 # | 400,000 | $ 401,664 | |
Diamondback Energy 4.25% 3/15/52 | 534,000 | 410,189 | |
El Paso Natural Gas 8.375% 6/15/32 | 2,000,000 | 2,295,829 | |
Energean Israel Finance 144A 4.875% 3/30/26 # | 1,000,000 | 930,680 | |
Energy Transfer | |||
6.25% 4/15/49 | 1,470,000 | 1,437,290 | |
6.85% 2/15/40 | 1,265,000 | 1,285,389 | |
Enterprise Products Operating | |||
3.30% 2/15/53 | 3,270,000 | 2,337,572 | |
5.35% 1/31/33 | 110,000 | 111,907 | |
8.274% 6/1/67 μ | 2,875,000 | 2,707,398 | |
Geopark 144A 5.50% 1/17/27 # | 1,000,000 | 812,636 | |
Guara Norte 144A 5.198% 6/15/34 # | 884,260 | 775,297 | |
NuStar Logistics 6.375% 10/1/30 | 1,530,000 | 1,461,443 | |
Occidental Petroleum 6.125% 1/1/31 | 516,000 | 524,470 | |
Targa Resources Partners 5.00% 1/15/28 | 1,355,000 | 1,294,361 | |
Tennessee Gas Pipeline 8.375% 6/15/32 | 3,200,000 | 3,658,524 | |
21,881,246 | |||
Finance Companies — 2.05% | |||
AerCap Ireland Capital DAC | |||
3.00% 10/29/28 | 2,415,000 | 2,090,028 | |
3.40% 10/29/33 | 200,000 | 160,848 | |
Air Lease | |||
2.875% 1/15/32 | 1,430,000 | 1,149,308 | |
4.625% 10/1/28 | 1,805,000 | 1,697,885 | |
5.85% 12/15/27 | 295,000 | 294,885 | |
Aviation Capital Group | |||
144A 3.50% 11/1/27 # | 1,330,000 | 1,175,800 | |
144A 6.25% 4/15/28 # | 155,000 | 154,787 | |
Gaci First Investment 4.875% 2/14/35 | 486,000 | 466,560 | |
Huarong Finance 2017 4.25% 11/7/27 | 750,000 | 625,290 | |
MAF Global Securities 7.875% 6/30/27 μ, ψ | 1,000,000 | 1,014,986 | |
8,830,377 | |||
Government Agency — 0.43% | |||
Freeport Indonesia 144A 5.315% 4/14/32 # | 1,000,000 | 948,086 | |
Saudi Arabian Oil 144A 4.25% 4/16/39 # | 1,000,000 | 883,890 | |
1,831,976 |
4 NQ-IV018 [6/23] 8/23 (xxxxxx)
(Unaudited)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Industrials — 0.21% | |||
Bidvest Group UK 144A 3.625% 9/23/26 # | 1,000,000 | $ 893,875 | |
893,875 | |||
Insurance — 2.68% | |||
American International Group 5.125% 3/27/33 | 850,000 | 830,710 | |
Aon 2.90% 8/23/51 | 2,155,000 | 1,409,874 | |
Athene Holding | |||
3.45% 5/15/52 | 1,040,000 | 633,693 | |
3.95% 5/25/51 | 460,000 | 308,790 | |
Brighthouse Financial 3.85% 12/22/51 | 1,793,000 | 1,136,730 | |
Security Benefit Global Funding 144A 1.25% 5/17/24 # | 4,105,000 | 3,892,902 | |
UnitedHealth Group | |||
4.20% 5/15/32 | 653,000 | 623,662 | |
4.50% 4/15/33 | 1,740,000 | 1,695,731 | |
5.05% 4/15/53 | 1,004,000 | 998,685 | |
11,530,777 | |||
Natural Gas — 0.42% | |||
Atmos Energy 2.85% 2/15/52 | 405,000 | 274,043 | |
ENN Energy Holdings 144A 2.625% 9/17/30 # | 1,000,000 | 837,027 | |
Southern California Gas | |||
5.20% 6/1/33 | 480,000 | 473,908 | |
5.75% 6/1/53 | 210,000 | 212,492 | |
1,797,470 | |||
Real Estate Investment Trusts — 0.26% | |||
American Homes 4 Rent 3.625% 4/15/32 | 1,310,000 | 1,133,355 | |
1,133,355 | |||
Technology — 1.60% | |||
Apple | |||
4.30% 5/10/33 | 325,000 | 323,417 | |
4.85% 5/10/53 | 360,000 | 369,206 | |
Broadcom 144A 3.469% 4/15/34 # | 2,380,000 | 1,953,185 | |
CDW 3.276% 12/1/28 | 1,640,000 | 1,425,659 | |
Iron Mountain Information Management Services 144A 5.00% 7/15/32 # | 1,660,000 | 1,435,444 | |
NCR | |||
144A 5.00% 10/1/28 # | 135,000 | 120,634 | |
144A 5.125% 4/15/29 # | 190,000 | 168,376 | |
Oracle | |||
3.60% 4/1/50 | 561,000 | 401,194 | |
4.65% 5/6/30 | 170,000 | 164,359 | |
5.55% 2/6/53 | 545,000 | 528,141 | |
6,889,615 |
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Transportation — 0.80% | |||
American Airlines 144A 5.50% 4/20/26 # | 163,010 | $ 161,639 | |
British Airways 2020-1 Class A Pass Through Trust 144A 4.25% 5/15/34 #, ♦ | 868,836 | 791,766 | |
ERAC USA Finance 144A 5.40% 5/1/53 # | 160,000 | 159,862 | |
Lima Metro Line 2 Finance 144A 4.35% 4/5/36 # | 901,066 | 796,771 | |
United Airlines 144A 4.625% 4/15/29 # | 1,680,000 | 1,532,274 | |
3,442,312 | |||
Total Corporate Bonds (cost $171,955,759) | 164,631,447 | ||
Municipal Bonds — 1.03% | |||
GDB Debt Recovery Authority of Puerto Rico Revenue | |||
(Taxable) 7.50% 8/20/40 | 1,910,000 | 1,580,525 | |
Municipal Electric Authority of Georgia | |||
(Build America Bonds Plant Vogtle Units 3 & 4 Project) 6.655% 4/1/57 | 2,470,000 | 2,835,165 | |
Total Municipal Bonds (cost $4,537,839) | 4,415,690 | ||
Non-Agency Asset-Backed Securities — 4.22% | |||
FirstKey Homes Trust | |||
Series 2021-SFR1 B 144A 1.788% 8/17/38 # | 4,800,000 | 4,175,496 | |
Series 2021-SFR2 D 144A 2.058% 9/17/38 # | 4,400,000 | 3,788,755 | |
Home Partners of America Trust | |||
Series 2021-1 A 144A 1.698% 9/17/41 # | 3,895,385 | 3,294,933 | |
Series 2021-3 B 144A 2.649% 1/17/41 # | 4,760,421 | 4,081,991 | |
Progress Residential Trust Series 2021-SFR7 D 144A 2.341% 8/17/40 # | 3,450,000 | 2,799,155 | |
Total Non-Agency Asset-Backed Securities (cost $21,305,270) | 18,140,330 | ||
Non-Agency Collateralized Mortgage Obligations — 3.87% | |||
Agate Bay Mortgage Trust Series 2013-1 B4 144A 3.556% 7/25/43 #, • | 1,482,562 | 1,085,259 | |
Bear Stearns Mortgage Securities 8.00% 11/25/29 | 15,813 | 7,019 |
NQ-IV018 [6/23] 8/23 (xxxxxx) 5
Schedule of investments
Delaware Ivy Core Bond Fund (Unaudited)
Principal amount° | Value (US $) | ||
Non-Agency Collateralized Mortgage Obligations (continued) | |||
CHL Mortgage Pass Through Trust 5.25% 5/25/34 ♦ | 15,539 | $ 14,045 | |
Citigroup Global Markets Mortgage Securities VII Series 1997-HUD1 B2 3.064% 12/25/30 • | 628,670 | 124,792 | |
CSMC Trust | |||
Series 2013-7 B4 144A 3.542% 8/25/43 #, • | 1,284,494 | 1,043,278 | |
Series 2017-HL1 A12 144A 3.50% 6/25/47 #, • | 1,700,736 | 1,497,250 | |
Eagle RE Series 2020-1 M1B 144A 6.60% (LIBOR01M + 1.45%) 1/25/30 #, • | 324,749 | 324,378 | |
JP Morgan Mortgage Trust | |||
Series 2004-A3 4A2 5.633% 7/25/34 • | 2,856 | 2,760 | |
Series 2017-4 A13 144A 3.50% 11/25/48 #, • | 6,061,225 | 5,305,640 | |
Series 2021-4 A5 144A 2.50% 8/25/51 #, • | 6,000,000 | 4,049,243 | |
MRFC Mortgage Pass Through Trust Series 1998-2 B1 6.75% 6/25/28 ♦ | 427 | 408 | |
PMT Credit Risk Transfer Trust Series 21-1R A 144A 8.078% (LIBOR01M + 2.90%, Floor 2.90%) 2/27/24 #, • | 3,242,625 | 3,166,880 | |
Prudential Home Mortgage Securities Series 1994-A 5B 144A 6.73% 4/28/24 #, • | 12 | 11 | |
Structured Asset Mortgage Investments | |||
Series 1998-2 B 6.75% 5/2/30 • | 3,256 | 101 | |
Series 1998-2 C 6.75% 5/2/30 • | 1,478 | 37 | |
Total Non-Agency Collateralized Mortgage Obligations (cost $20,699,769) | 16,621,101 | ||
Non-Agency Commercial Mortgage-Backed Securities — 9.50% | |||
BAMLL Commercial Mortgage Securities Trust Series 2014-520M A 144A 4.325% 8/15/46 #, • | 4,130,000 | 3,239,338 | |
BBCMS Mortgage Trust Series 2020-C7 A5 2.037% 4/15/53 | 2,000,000 | 1,624,870 | |
Benchmark Mortgage Trust | |||
Series 2020-B18 A5 1.925% 7/15/53 | 3,000,000 | 2,340,881 |
Principal amount° | Value (US $) | ||
Non-Agency Commercial Mortgage-Backed Securities (continued) | |||
Benchmark Mortgage Trust | |||
Series 2021-B24 A5 2.584% 3/15/54 | 5,000,000 | $ 3,985,476 | |
Series 2021-B25 A5 2.577% 4/15/54 | 5,000,000 | 3,971,419 | |
Citigroup Commercial Mortgage Trust Series 2018-TBR A 144A 6.148% (LIBOR01M + 0.83%, Floor 0.83%) 12/15/36 #, • | 10,000,000 | 9,844,184 | |
GS Mortgage Securities Trust | |||
Series 2012-BWTR C 144A 3.439% 11/5/34 #, • | 1,000,000 | 377,874 | |
Series 2020-GC47 A5 2.377% 5/12/53 | 3,128,000 | 2,543,110 | |
JPMCC Commercial Mortgage Securities Trust Series 2017-JP5 A5 3.723% 3/15/50 | 1,500,000 | 1,377,310 | |
KKR Industrial Portfolio Trust Series 2021-KDIP B 144A 6.061% (TSFR01M + 0.80%, Floor 0.80%) 12/15/37 #, • | 2,250,000 | 2,189,222 | |
One Market Plaza Trust Series 2017-1MKT A 144A 3.614% 2/10/32 # | 4,000,000 | 3,697,169 | |
UBS Commercial Mortgage Trust | |||
Series 2017-C1 AS 3.724% 6/15/50 | 4,000,000 | 3,589,371 | |
Series 2017-C7 AS 4.061% 12/15/50 • | 2,300,000 | 2,080,242 | |
Total Non-Agency Commercial Mortgage-Backed Securities (cost $44,977,876) | 40,860,466 | ||
Sovereign Bonds — 1.15%Δ | |||
Azerbaijan — 0.06% | |||
Republic of Azerbaijan International Bond 144A 3.50% 9/1/32 # | 300,000 | 257,288 | |
257,288 | |||
Colombia — 0.10% | |||
Colombia Government International Bond 3.25% 4/22/32 | 550,000 | 408,270 | |
408,270 | |||
Dominican Republic — 0.16% | |||
Dominican Republic International Bonds 144A 4.875% 9/23/32 # | 789,000 | 673,525 | |
673,525 |
6 NQ-IV018 [6/23] 8/23 (xxxxxx)
(Unaudited)
Principal amount° | Value (US $) | ||
Sovereign Bonds Δ(continued) | |||
Ivory Coast — 0.11% | |||
Ivory Coast Government International Bond 144A 6.125% 6/15/33 # | 550,000 | $ 483,299 | |
483,299 | |||
Mexico — 0.14% | |||
Mexico Government International Bonds 3.50% 2/12/34 | 700,000 | 588,049 | |
588,049 | |||
Oman — 0.16% | |||
Oman Government International Bond 144A 6.75% 1/17/48 # | 710,000 | 683,916 | |
683,916 | |||
Paraguay — 0.06% | |||
Paraguay Government International Bond 144A 5.40% 3/30/50 # | 300,000 | 257,032 | |
257,032 | |||
Peru — 0.15% | |||
Peruvian Government International Bonds 2.844% 6/20/30 | 740,000 | 649,439 | |
649,439 | |||
Qatar — 0.15% | |||
Qatar Government International Bonds 144A 4.00% 3/14/29 # | 673,000 | 659,054 | |
659,054 | |||
Uzbekistan — 0.06% | |||
Republic of Uzbekistan International Bonds 144A 5.375% 2/20/29 # | 300,000 | 275,205 | |
275,205 | |||
Total Sovereign Bonds (cost $4,931,738) | 4,935,077 | ||
US Treasury Obligations — 8.22% | |||
US Treasury Bonds | �� | ||
3.625% 2/15/53 | 445,000 | 427,200 | |
3.625% 5/15/53 | 1,200,000 | 1,153,500 | |
3.875% 2/15/43 | 3,740,000 | 3,647,669 | |
3.875% 5/15/43 | 7,090,000 | 6,919,397 | |
US Treasury Notes | |||
3.375% 5/15/33 | 335,000 | 323,118 | |
3.625% 5/31/30 | 5,170,000 | 5,098,509 | |
4.00% 6/30/28 | 11,270,000 | 11,209,248 | |
4.125% 6/15/26 | 5,790,000 | 5,732,100 |
Principal amount° | Value (US $) | ||
US Treasury Obligations (continued) | |||
US Treasury Notes | |||
4.625% 6/30/25 | 820,000 | $ 816,300 | |
Total US Treasury Obligations (cost $35,505,597) | 35,327,041 |
Number of shares | |||
Preferred Stock — 0.83% | |||
Brookfield Infrastructure Partners 5.00% ω | 192,000 | 3,590,400 | |
Total Preferred Stock (cost $4,800,000) | 3,590,400 | ||
Short-Term Investments — 2.02% | |||
Money Market Mutual Funds — 2.02% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.99%) | 2,169,778 | 2,169,778 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.99%) | 2,169,777 | 2,169,777 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 5.14%) | 2,169,778 | 2,169,778 | |
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 5.03%) | 2,169,778 | 2,169,778 | |
Total Short-Term Investments (cost $8,679,111) | 8,679,111 | ||
Total Value of Securities—99.62% (cost $451,688,225) | 428,244,946 | ||
Receivables and Other Assets Net of Liabilities—0.38% | 1,631,613 | ||
Net Assets Applicable to 46,832,476 Shares Outstanding—100.00% | $429,876,559 |
° | Principal amount shown is stated in USD unless noted that the security is denominated in another currency. |
NQ-IV018 [6/23] 8/23 (xxxxxx) 7
Schedule of investments
Delaware Ivy Core Bond Fund (Unaudited)
• | 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. |
# | 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 $106,368,182, which represents 24.74% of the Fund's net assets. |
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. |
♦ | Pass Through Agreement. Security represents the contractual right to receive a proportionate amount of underlying payments due to the counterparty pursuant to various agreements related to the rescheduling of obligations and the exchange of certain notes. |
Δ | Securities have been classified by country of risk. |
ω | Perpetual security with no stated maturity date. |
8 NQ-IV018 [6/23] 8/23 (xxxxxx)
(Unaudited)
The following futures contracts 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 | |||||||
551 | US Treasury 5 yr Notes | $59,008,656 | $60,104,131 | 9/29/23 | $— | $(1,095,475) | $— | ||||||
162 | US Treasury 10 yr Notes | 18,187,032 | 18,531,690 | 9/20/23 | — | (344,658) | 22,782 | ||||||
(75) | US Treasury 10 yr Ultra Notes | (8,882,813) | (8,989,850) | 9/20/23 | 107,037 | — | (22,265) | ||||||
Total Futures Contracts | $69,645,971 | $107,037 | $(1,440,133) | $517 |
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: |
CLO – Collateralized Loan Obligation |
DAC – Designated Activity Company |
GNMA – Government National Mortgage Association |
GS – Goldman Sachs |
LIBOR01M – ICE LIBOR USD 1 Month |
LIBOR03M – ICE LIBOR USD 3 Month |
Summary of abbreviations: (continued) |
LIBOR06M – ICE LIBOR USD 6 Month |
REMIC – Real Estate Mortgage Investment Conduit |
S.F. – Single Family |
TSFR03M – 3 Month Term Secured Overnight Financing Rate |
USD – US Dollar |
yr – Year |
NQ-IV018 [6/23] 8/23 (xxxxxx) 9