Schedule of investments
Delaware Global Value Equity Fund
June 30, 2023 (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks – 96.66%Δ | |||
Denmark − 2.31% | |||
Novo Nordisk Class B | 44,680 | $ 7,217,600 | |
7,217,600 | |||
France − 14.13% | |||
Air Liquide | 66,277 | 11,885,791 | |
Danone | 197,503 | 12,103,665 | |
Kering | 7,433 | 4,104,496 | |
Orange | 589,750 | 6,892,080 | |
Sodexo | 82,556 | 9,090,849 | |
44,076,881 | |||
Germany − 10.67% | |||
adidas AG | 53,880 | 10,459,619 | |
Fresenius Medical Care AG & Co. | 73,420 | 3,508,825 | |
Knorr-Bremse | 85,400 | 6,528,285 | |
SAP | 93,744 | 12,806,124 | |
33,302,853 | |||
Japan − 4.55% | |||
Asahi Group Holdings | 86,600 | 3,360,066 | |
Kao | 159,200 | 5,777,354 | |
Makita | 178,700 | 5,051,185 | |
14,188,605 | |||
Netherlands − 5.06% | |||
Koninklijke Ahold Delhaize | 462,720 | 15,775,524 | |
15,775,524 | |||
Spain − 3.49% | |||
Amadeus IT Group † | 143,133 | 10,899,633 | |
10,899,633 | |||
Sweden − 7.82% | |||
Essity Class B | 305,220 | 8,128,520 | |
H & M Hennes & Mauritz Class B | 475,860 | 8,183,510 | |
Securitas Class B | 983,150 | 8,075,349 | |
24,387,379 | |||
Switzerland − 9.53% | |||
Nestle | 133,110 | 16,012,016 | |
Roche Holding | 26,170 | 7,994,151 | |
Swatch Group | 19,579 | 5,724,748 | |
29,730,915 | |||
United Kingdom − 13.92% | |||
Diageo | 286,280 | 12,307,465 | |
Intertek Group | 111,910 | 6,066,410 | |
Smith & Nephew | 741,511 | 11,963,042 | |
Unilever | 251,455 | 13,094,328 | |
43,431,245 | |||
United States − 25.18% | |||
Clorox | 72,434 | 11,519,903 | |
Henry Schein † | 130,786 | 10,606,745 | |
Ingredion | 87,190 | 9,237,780 | |
Kimberly-Clark | 62,451 | 8,621,985 | |
Lamb Weston Holdings | 56,440 | 6,487,778 | |
Merck & Co. | 85,430 | 9,857,768 | |
Otis Worldwide | 46,755 | 4,161,663 | |
Pfizer | 260,991 | 9,573,150 |
Number of shares | Value (US $) | ||
Common StocksΔ (continued) | |||
United States (continued) | |||
Visa Class A | 35,831 | $ 8,509,146 | |
78,575,918 | |||
Total Common Stocks (cost $283,279,084) | 301,586,553 | ||
Preferred Stock – 2.13% | |||
Germany − 2.13% | |||
Henkel AG & Co. 2.64% ω | 83,089 | 6,645,148 | |
Total Preferred Stock (cost $6,773,272) | 6,645,148 |
Short-Term Investments – 0.41% | |||
Money Market Mutual Funds – 0.41% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.99%) | 319,578 | 319,578 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.99%) | 319,578 | 319,578 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 5.14%) | 319,578 | 319,578 | |
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 5.03%) | 319,579 | 319,579 | |
Total Short-Term Investments (cost $1,278,313) | 1,278,313 | ||
Total Value of Securities−99.20% (cost $291,330,669) | 309,510,014 | ||
Receivables and Other Assets Net of Liabilities — 0.80% | 2,496,715 |
Net Assets Applicable to 37,564,516 Shares Outstanding — 100.00% | $312,006,729 |
Δ | Securities have been classified by country of risk. |
† | Non-income producing security. |
ω | Perpetual security with no stated maturity date. |
Summary of abbreviations: |
AG – Aktiengesellschaft |
NQ- IV059 [0623] 0823 (3049949) 1