Consolidated schedule of investments
Delaware Ivy Asset Strategy Fund
June 30, 2023 (Unaudited)
Principal amount° | Value (US $) | ||
Agency Collateralized Mortgage Obligations — 0.29% | |||
Fannie Mae REMICs | |||
Series 2015-18 NS 0.97% (6.12% minus LIBOR01M, Cap 6.12%) 4/25/45 Σ, • | 3,827,375 | $ 409,437 | |
Series 2015-37 SB 0.47% (5.62% minus LIBOR01M, Cap 5.62%) 6/25/45 Σ, • | 8,231,420 | 656,007 | |
Series 2016-48 US 0.95% (6.10% minus LIBOR01M, Cap 6.10%) 8/25/46 Σ, • | 9,577,930 | 675,319 | |
Series 2017-33 AI 4.50% 5/25/47 Σ | 3,528,381 | 509,503 | |
Series 2019-13 IP 5.00% 3/25/49 Σ | 2,499,353 | 492,818 | |
Series 4740 SB 0.957% (6.15% minus LIBOR01M, Cap 6.15%) 11/15/47 Σ, • | 3,841,551 | 377,758 | |
GNMA Series 2021-162 IN 3.00% 9/20/51 Σ | 15,911,672 | 2,154,221 | |
Total Agency Collateralized Mortgage Obligations (cost $7,577,689) | 5,275,063 | ||
Agency Mortgage-Backed Securities — 3.11% | |||
Fannie Mae S.F. 30 yr | |||
2.00% 3/1/51 | 3,890,905 | 3,188,152 | |
2.50% 4/1/51 | 1,878,901 | 1,601,470 | |
3.00% 4/1/47 | 1,944,030 | 1,739,298 | |
3.00% 12/1/51 | 2,199,110 | 1,950,425 | |
3.00% 2/1/52 | 411,785 | 364,180 | |
3.50% 6/1/52 | 3,917,448 | 3,570,565 | |
4.50% 10/1/52 | 2,279,003 | 2,191,332 | |
4.50% 2/1/53 | 1,393,808 | 1,340,176 | |
5.00% 9/1/52 | 1,952,054 | 1,914,153 | |
5.50% 8/1/52 | 2,221,504 | 2,214,472 | |
5.50% 3/1/53 | 2,227,323 | 2,216,836 | |
6.00% 6/1/53 | 1,098,249 | 1,107,869 | |
Freddie Mac S.F. 20 yr | |||
2.50% 2/1/42 | 1,112,910 | 968,953 | |
3.00% 3/1/37 | 908,439 | 839,579 | |
Freddie Mac S.F. 30 yr | |||
2.50% 1/1/52 | 4,914,731 | 4,190,868 | |
2.50% 5/1/52 | 1,384,573 | 1,174,628 | |
3.00% 12/1/46 | 1,917,956 | 1,716,104 | |
3.00% 1/1/52 | 926,380 | 816,560 | |
3.50% 6/1/47 | 2,453,258 | 2,266,983 | |
3.50% 4/1/52 | 2,381,385 | 2,174,586 | |
4.00% 8/1/52 | 2,596,550 | 2,448,085 | |
4.00% 9/1/52 | 2,024,683 | 1,906,198 | |
4.50% 9/1/52 | 4,998,063 | 4,816,498 |
Principal amount° | Value (US $) | ||
Agency Mortgage-Backed Securities (continued) | |||
Freddie Mac S.F. 30 yr | |||
4.50% 10/1/52 | 898,043 | $ 863,519 | |
5.00% 7/1/52 | 1,839,433 | 1,804,206 | |
5.50% 9/1/52 | 489,778 | 493,818 | |
5.50% 2/1/53 | 3,441,878 | 3,436,932 | |
GNMA II S.F. 30 yr | |||
3.00% 12/20/51 | 660,084 | 591,015 | |
5.00% 9/20/52 | 2,289,808 | 2,250,696 | |
Total Agency Mortgage-Backed Securities (cost $57,495,508) | 56,158,156 | ||
Convertible Bond — 0.30% | |||
New Cotai 5.00% exercise price $100.00, maturity date 2/2/27 = | 2,063,384 | 5,420,898 | |
Total Convertible Bond (cost $1,997,061) | 5,420,898 |
Corporate Bonds — 13.77% | |||
Banking — 1.37% | |||
Banco de Credito del Peru 144A 3.125% 7/1/30 #, μ | 1,562,000 | 1,435,012 | |
Bank of America | |||
2.482% 9/21/36 μ | 580,000 | 443,981 | |
5.288% 4/25/34 μ | 955,000 | 946,554 | |
6.204% 11/10/28 μ | 470,000 | 483,470 | |
Barclays | |||
6.224% 5/9/34 μ | 510,000 | 508,311 | |
7.385% 11/2/28 μ | 305,000 | 317,956 | |
Citigroup | |||
5.61% 9/29/26 μ | 1,220,000 | 1,218,993 | |
6.174% 5/25/34 μ | 565,000 | 570,230 | |
Citizens Bank 6.064% 10/24/25 μ | 840,000 | 796,442 | |
Credit Agricole | |||
144A 5.301% 7/12/28 # | 355,000 | 354,015 | |
144A 5.514% 7/5/33 # | 915,000 | 921,182 | |
Credit Suisse 7.95% 1/9/25 | 250,000 | 255,199 | |
Deutsche Bank | |||
3.729% 1/14/32 μ | 301,000 | 227,798 | |
3.742% 1/7/33 μ | 200,000 | 146,807 | |
6.72% 1/18/29 μ | 584,000 | 585,285 | |
Fifth Third Bancorp 6.361% 10/27/28 μ | 1,099,000 | 1,095,074 | |
Fifth Third Bank 5.852% 10/27/25 μ | 625,000 | 609,110 | |
Goldman Sachs Group 1.542% 9/10/27 μ | 2,600,000 | 2,286,828 |
NQ- IV006 [0623] 0823 (3049481) 1
Consolidated schedule of investments
Delaware Ivy Asset Strategy Fund (Unaudited)
Principalamount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Banking (continued) | |||
Huntington National Bank | |||
4.552% 5/17/28 μ | 1,946,000 | $ 1,816,881 | |
5.65% 1/10/30 | 330,000 | 315,424 | |
JPMorgan Chase & Co. | |||
1.764% 11/19/31 μ | 705,000 | 558,185 | |
1.953% 2/4/32 μ | 410,000 | 326,813 | |
KeyBank | |||
5.00% 1/26/33 | 1,405,000 | 1,216,589 | |
5.85% 11/15/27 | 205,000 | 193,207 | |
KeyCorp 4.789% 6/1/33 μ | 448,000 | 375,786 | |
Morgan Stanley | |||
1.928% 4/28/32 μ | 1,415,000 | 1,105,261 | |
2.484% 9/16/36 μ | 730,000 | 554,193 | |
5.164% 4/20/29 μ | 780,000 | 771,059 | |
5.25% 4/21/34 μ | 665,000 | 656,966 | |
6.138% 10/16/26 μ | 340,000 | 343,568 | |
6.296% 10/18/28 μ | 575,000 | 591,373 | |
6.342% 10/18/33 μ | 280,000 | 297,993 | |
PNC Financial Services Group 5.671% 10/28/25 μ | 495,000 | 491,120 | |
Popular 7.25% 3/13/28 | 320,000 | 320,000 | |
SVB Financial Group 4.57% 4/29/33 ‡ | 390,000 | 261,833 | |
Truist Financial 6.123% 10/28/33 μ | 298,000 | 302,590 | |
US Bancorp | |||
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 | 290,000 | 289,956 | |
5.836% 6/12/34 μ | 310,000 | 312,385 | |
24,680,368 | |||
Basic Industry — 0.06% | |||
Sherwin-Williams 2.90% 3/15/52 | 1,650,000 | 1,062,992 | |
1,062,992 | |||
Brokerage — 0.10% | |||
Jefferies Financial Group 2.625% 10/15/31 | 2,195,000 | 1,703,720 | |
1,703,720 | |||
Capital Goods — 0.13% | |||
Boeing 4.875% 5/1/25 | 1,937,000 | 1,910,122 | |
Lockheed Martin 4.75% 2/15/34 | 505,000 | 504,076 | |
2,414,198 | |||
Communication Services — 2.68% | |||
Altice France Holding 144A 10.50% 5/15/27 # | 8,387,000 | 5,088,267 |
Principalamount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Communication Services (continued) | |||
CCO Holdings 144A 4.50% 8/15/30 # | 8,000,000 | $ 6,668,729 | |
Connect Finco 144A 6.75% 10/1/26 # | 7,000,000 | 6,805,515 | |
Consolidated Communications | |||
144A 5.00% 10/1/28 # | 2,500,000 | 1,879,000 | |
144A 6.50% 10/1/28 # | 2,500,000 | 1,975,000 | |
Directv Financing 144A 5.875% 8/15/27 # | 7,420,000 | 6,728,532 | |
Frontier Communications Holdings | |||
5.875% 11/1/29 | 7,927,781 | 5,795,287 | |
144A 6.00% 1/15/30 # | 461,000 | 339,518 | |
Gray Escrow II 144A 5.375% 11/15/31 # | 4,780,000 | 3,173,407 | |
Gray Television 144A 4.75% 10/15/30 # | 4,830,000 | 3,280,608 | |
Sirius XM Radio 144A 4.125% 7/1/30 # | 8,155,000 | 6,666,342 | |
48,400,205 | |||
Communications — 0.40% | |||
AT&T 3.50% 9/15/53 | 3,130,000 | 2,217,994 | |
Cellnex Finance 144A 3.875% 7/7/41 # | 355,000 | 260,426 | |
Charter Communications Operating 3.85% 4/1/61 | 1,790,000 | 1,084,172 | |
Comcast | |||
4.55% 1/15/29 | 295,000 | 289,846 | |
4.80% 5/15/33 | 600,000 | 593,984 | |
Crown Castle | |||
1.05% 7/15/26 | 560,000 | 490,680 | |
2.10% 4/1/31 | 1,525,000 | 1,221,520 | |
Discovery Communications 4.00% 9/15/55 | 400,000 | 266,266 | |
T-Mobile USA 5.05% 7/15/33 | 535,000 | 525,540 | |
Verizon Communications 2.875% 11/20/50 | 375,000 | 244,637 | |
7,195,065 | |||
Consumer Cyclical — 0.21% | |||
Amazon.com 2.50% 6/3/50 | 1,322,000 | 880,475 | |
Aptiv 3.10% 12/1/51 | 1,890,000 | 1,189,930 | |
General Motors Financial 5.85% 4/6/30 | 910,000 | 902,919 | |
VICI Properties 4.95% 2/15/30 | 945,000 | 887,341 | |
3,860,665 | |||
Consumer Discretionary — 2.00% | |||
Bath & Body Works 6.875% 11/1/35 | 7,245,000 | 6,640,142 | |
Carnival 144A 7.625% 3/1/26 # | 7,735,000 | 7,582,805 |
2 NQ- IV006 [0623] 0823 (3049481)
(Unaudited)
Principalamount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Consumer Discretionary (continued) | |||
Ford Motor 6.10% 8/19/32 | 7,000,000 | $ 6,790,918 | |
Royal Caribbean Cruises 144A 5.50% 4/1/28 # | 7,565,000 | 7,062,190 | |
Scientific Games International 144A 7.25% 11/15/29 # | 1,610,000 | 1,613,461 | |
Staples 144A 7.50% 4/15/26 # | 7,809,000 | 6,460,136 | |
36,149,652 | |||
Consumer Non-Cyclical — 0.42% | |||
Amgen | |||
5.15% 3/2/28 | 285,000 | 284,947 | |
5.25% 3/2/33 | 2,043,000 | 2,046,581 | |
CVS Health | |||
2.70% 8/21/40 | 1,565,000 | 1,093,620 | |
5.25% 1/30/31 | 220,000 | 219,379 | |
HCA | |||
3.50% 7/15/51 | 329,000 | 227,947 | |
5.20% 6/1/28 | 265,000 | 263,030 | |
JBS USA Lux 144A 3.00% 2/2/29 # | 558,000 | 474,579 | |
JBS USA LUX 144A 3.625% 1/15/32 # | 2,000,000 | 1,624,600 | |
Pfizer Investment Enterprises | |||
4.75% 5/19/33 | 545,000 | 543,158 | |
5.11% 5/19/43 | 380,000 | 381,106 | |
5.30% 5/19/53 | 315,000 | 327,747 | |
Zoetis 5.40% 11/14/25 | 165,000 | 165,549 | |
7,652,243 | |||
Electric — 0.39% | |||
AEP Texas 5.40% 6/1/33 | 185,000 | 184,166 | |
Appalachian Power 4.50% 8/1/32 | 1,375,000 | 1,289,660 | |
Berkshire Hathaway Energy 2.85% 5/15/51 | 1,725,000 | 1,117,377 | |
Duke Energy Carolinas 4.95% 1/15/33 | 385,000 | 382,344 | |
Exelon 5.30% 3/15/33 | 245,000 | 244,351 | |
National Rural Utilities Cooperative Finance 5.80% 1/15/33 | 80,000 | 83,723 | |
NextEra Energy Capital Holdings 3.00% 1/15/52 | 425,000 | 280,091 | |
NRG Energy | |||
144A 2.00% 12/2/25 # | 3,470,000 | 3,115,104 | |
144A 2.45% 12/2/27 # | 390,000 | 328,989 | |
7,025,805 |
Principalamount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Energy — 3.00% | |||
BP Capital Markets America | |||
2.721% 1/12/32 | 530,000 | $ 450,277 | |
2.939% 6/4/51 | 1,255,000 | 858,011 | |
Cheniere Energy Partners 144A 5.95% 6/30/33 # | 400,000 | 401,664 | |
Diamondback Energy | |||
3.125% 3/24/31 | 195,000 | 167,126 | |
4.25% 3/15/52 | 510,000 | 391,754 | |
Energy Transfer | |||
6.75% 5/15/25 μ, ψ | 5,879,000 | 5,254,450 | |
7.125% 5/15/30 μ, ψ | 15,000,000 | 12,756,325 | |
9.349% 7/17/23 ψ | 5,000,000 | 4,493,750 | |
Enterprise Products Operating | |||
3.30% 2/15/53 | 1,555,000 | 1,111,598 | |
5.35% 1/31/33 | 105,000 | 106,820 | |
Guara Norte 144A 5.198% 6/15/34 # | 1,768,520 | 1,550,594 | |
Hilcorp Energy I | |||
144A 6.00% 2/1/31 # | 3,725,000 | 3,334,348 | |
144A 6.25% 4/15/32 # | 3,487,000 | 3,113,455 | |
Kinder Morgan 5.20% 6/1/33 | 380,000 | 368,430 | |
Occidental Petroleum 6.125% 1/1/31 | 516,000 | 524,470 | |
Targa Resources Partners 5.00% 1/15/28 | 1,935,000 | 1,848,404 | |
Vital Energy | |||
9.50% 1/15/25 | 8,259,000 | 8,205,977 | |
10.125% 1/15/28 | 9,436,000 | 9,261,670 | |
54,199,123 | |||
Finance Companies — 0.17% | |||
Air Lease | |||
2.875% 1/15/32 | 1,810,000 | 1,454,718 | |
5.85% 12/15/27 | 280,000 | 279,891 | |
Aviation Capital Group | |||
144A 3.50% 11/1/27 # | 1,265,000 | 1,118,336 | |
144A 6.25% 4/15/28 # | 148,000 | 147,796 | |
3,000,741 | |||
Government Agency — 0.11% | |||
Petroleos Mexicanos 6.70% 2/16/32 | 2,595,000 | 1,975,404 | |
1,975,404 | |||
Healthcare — 0.01% | |||
Humana 5.75% 3/1/28 | 85,000 | 86,550 | |
86,550 | |||
Industrials — 0.55% | |||
AerCap Holdings 5.875% 10/10/79 μ | 10,000,000 | 9,445,861 |
NQ- IV006 [0623] 0823 (3049481) 3
Consolidated schedule of investments
Delaware Ivy Asset Strategy Fund (Unaudited)
Principalamount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Industrials (continued) | |||
Wesco Aircraft Holdings 144A 8.50% 11/15/24 #, ‡ | 6,543,000 | $ 425,295 | |
9,871,156 | |||
Information Technology — 0.44% | |||
NCR | |||
144A 5.00% 10/1/28 # | 1,000,000 | 893,590 | |
144A 5.125% 4/15/29 # | 7,705,000 | 6,828,098 | |
Workday | |||
3.50% 4/1/27 | 55,000 | 52,160 | |
3.70% 4/1/29 | 110,000 | 102,067 | |
3.80% 4/1/32 | 110,000 | 99,072 | |
7,974,987 | |||
Insurance — 0.65% | |||
AIA Group | |||
144A 3.20% 9/16/40 # | 3,902,000 | 2,995,856 | |
144A 3.375% 4/7/30 # | 1,960,000 | 1,794,149 | |
American International Group 5.125% 3/27/33 | 815,000 | 796,504 | |
Aon 5.00% 9/12/32 | 1,605,000 | 1,585,445 | |
Athene Holding | |||
3.45% 5/15/52 | 985,000 | 600,180 | |
3.95% 5/25/51 | 440,000 | 295,364 | |
Berkshire Hathaway Finance 3.85% 3/15/52 | 695,000 | 575,148 | |
UnitedHealth Group | |||
4.20% 5/15/32 | 624,000 | 595,965 | |
4.50% 4/15/33 | 1,660,000 | 1,617,766 | |
5.05% 4/15/53 | 959,000 | 953,924 | |
11,810,301 | |||
Materials — 0.37% | |||
First Quantum Minerals | |||
144A 6.875% 3/1/26 # | 3,000,000 | 2,957,365 | |
144A 6.875% 10/15/27 # | 3,750,000 | 3,663,806 | |
6,621,171 | |||
Natural Gas — 0.05% | |||
Atmos Energy 2.85% 2/15/52 | 385,000 | 260,511 | |
Southern California Gas | |||
5.20% 6/1/33 | 475,000 | 468,972 | |
5.75% 6/1/53 | 205,000 | 207,432 | |
936,915 | |||
Real Estate Investment Trusts — 0.05% | |||
American Homes 4 Rent 3.625% 4/15/32 | 220,000 | 190,334 | |
CIBANCO Institucion de Banca Multiple Trust 144A 4.375% 7/22/31 # | 1,000,000 | 749,467 | |
939,801 |
Principalamount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Technology — 0.52% | |||
Apple | |||
2.40% 8/20/50 | 3,122,000 | $ 2,093,292 | |
4.30% 5/10/33 | 320,000 | 318,441 | |
Baidu 1.72% 4/9/26 | 1,672,000 | 1,500,133 | |
CDW 3.276% 12/1/28 | 1,035,000 | 899,730 | |
Entegris Escrow 144A 4.75% 4/15/29 # | 385,000 | 357,764 | |
Micron Technology 5.875% 9/15/33 | 560,000 | 555,219 | |
Oracle | |||
3.60% 4/1/50 | 536,000 | 383,316 | |
4.65% 5/6/30 | 170,000 | 164,359 | |
5.55% 2/6/53 | 521,000 | 504,883 | |
Tencent Holdings 144A 3.24% 6/3/50 # | 3,910,000 | 2,568,723 | |
9,345,860 | |||
Transportation — 0.09% | |||
Azul Investments 144A 7.25% 6/15/26 # | 1,500,000 | 1,193,379 | |
Burlington Northern Santa Fe 2.875% 6/15/52 | 330,000 | 226,045 | |
ERAC USA Finance 144A 4.90% 5/1/33 # | 255,000 | 249,384 | |
1,668,808 | |||
Total Corporate Bonds (cost $267,989,350) | 248,575,730 | ||
Municipal Bonds — 0.08% | |||
Commonwealth of Puerto Rico(Restructured) | |||
Series A-1 3.045% 7/1/24^ | 62,870 | 60,239 | |
Series A-1 4.00% 7/1/35 | 137,232 | 127,904 | |
Series A-1 4.00% 7/1/37 | 145,770 | 131,225 | |
GDB Debt Recovery Authority of Puerto Rico Revenue 7.50% 8/20/40 | 1,415,984 | 1,171,727 | |
Total Municipal Bonds (cost $1,688,202) | 1,491,095 | ||
Non-Agency Collateralized Mortgage Obligations — 0.35% | |||
COLT Mortgage Loan Trust Series 2021-3 B1 144A 3.059% 9/27/66 #, • | 2,000,000 | 1,068,935 | |
CSMC Trust Series 2020-NQM1 B1 144A 4.462% 5/25/65 #, • | 4,968,250 | 4,210,240 |
4 NQ- IV006 [0623] 0823 (3049481)
(Unaudited)
Principalamount° | Value (US $) | ||
Non-Agency Collateralized Mortgage Obligations (continued) | |||
Verus Securitization Trust Series 2019-INV2 B1 144A 4.452% 7/25/59 #, • | 1,097,000 | $ 969,263 | |
Total Non-Agency Collateralized Mortgage Obligations (cost $8,274,895) | 6,248,438 | ||
Non-Agency Commercial Mortgage-Backed Securities — 1.09% | |||
BANK | |||
Series 2020-BN25 A5 2.649% 1/15/63 | 2,163,000 | 1,825,964 | |
Series 2022-BNK41 A4 3.916% 4/15/65 • | 2,000,000 | 1,794,346 | |
BBCMS Mortgage Trust Series 2020-C7 A5 2.037% 4/15/53 | 2,500,000 | 2,031,087 | |
Benchmark Mortgage Trust | |||
Series 2018-B1 A5 3.666% 1/15/51 • | 2,000,000 | 1,827,184 | |
Series 2020-B20 A5 2.034% 10/15/53 | 2,000,000 | 1,550,667 | |
Series 2021-B24 A5 2.584% 3/15/54 | 2,250,000 | 1,793,464 | |
Series 2021-B25 A5 2.577% 4/15/54 | 4,000,000 | 3,177,135 | |
Citigroup Commercial Mortgage Trust Series 2020-555 A 144A 2.647% 12/10/41 # | 2,000,000 | 1,619,079 | |
Grace Trust Series 2020-GRCE A 144A 2.347% 12/10/40 # | 2,225,000 | 1,728,678 | |
GS Mortgage Securities Trust Series 2020-GC47 A5 2.377% 5/12/53 | 2,813,000 | 2,287,011 | |
Total Non-Agency Commercial Mortgage-Backed Securities (cost $21,154,496) | 19,634,615 | ||
Loan Agreements — 2.24% | |||
Advantage Sales & Marketing 9.719% (LIBOR03M + 4.50%) 10/28/27 • | 3,018,149 | 2,849,636 | |
MLN US HoldCo 1st Lien 11.782% (SOFR03M + 6.70%) 10/18/27 • | 7,567,274 | 4,351,183 | |
PetsMart 8.952% (SOFR01M + 3.85%) 2/11/28 • | 6,779,958 | 6,785,606 | |
Surgery Center Holdings 8.896% (LIBOR01M + 3.75%) 8/31/26 • | 9,137,916 | 9,136,875 |
Principalamount° | Value (US $) | ||
Loan Agreements (continued) | |||
White Cap Buyer 8.852% (SOFR01M + 3.75%) 10/19/27 • | 17,368,091 | $ 17,250,491 | |
Total Loan Agreements (cost $42,592,248) | 40,373,791 | ||
US Treasury Obligations — 2.02% | |||
US Treasury Bonds | |||
2.75% 8/15/47 | 540,000 | 434,711 | |
3.625% 5/15/53 | 1,880,000 | 1,807,150 | |
US Treasury Floating Rate Notes | |||
4.931% (USBMMY3M + 0.20%) 1/31/25 • | 4,675,000 | 4,683,350 | |
5.389% (USBMMY3M + 0.14%) 10/31/24 • | 27,075,000 | 27,100,258 | |
US Treasury Notes | |||
3.375% 5/15/33 | 1,000,000 | 964,531 | |
3.50% 4/30/30 | 385,000 | 373,871 | |
3.625% 5/31/30 | 430,000 | 424,054 | |
4.00% 6/30/28 | 455,000 | 452,547 | |
4.125% 11/15/32 | 250,000 | 255,508 | |
Total US Treasury Obligations (cost $36,529,493) | 36,495,980 |
Number of shares | |||
Common Stocks — 67.70% | |||
Communication Services — 4.71% | |||
Alphabet Class A † | 154,203 | 18,458,099 | |
Deutsche Telekom | 1,018,650 | 22,225,432 | |
New Cotai =, † | 1,819,823 | 1,912,406 | |
Pinterest Class A † | 900,583 | 24,621,939 | |
Tencent Holdings | 403,600 | 17,113,116 | |
T-Mobile US † | 4,344 | 603,382 | |
84,934,374 | |||
Consumer Discretionary — 8.65% | |||
Amazon.com † | 312,349 | 40,717,816 | |
Aptiv † | 184,313 | 18,816,514 | |
Burlington Stores † | 75,779 | 11,926,857 | |
Darden Restaurants | 122,821 | 20,520,933 | |
Etsy † | 122,063 | 10,327,750 | |
Ferrari | 68,673 | 22,452,489 | |
H World Group ADR † | 366,995 | 14,232,066 | |
LVMH Moet Hennessy Louis Vuitton | 15,380 | 14,501,991 | |
Media Group Holdings Series H <<, =, † | 640,301 | 0 | |
Media Group Holdings Series T <<, =, † | 80,253 | 0 |
NQ- IV006 [0623] 0823 (3049481) 5
Consolidated schedule of investments
Delaware Ivy Asset Strategy Fund (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Consumer Discretionary (continued) | |||
Studio City International Holdings ADR † | 198,664 | $ 1,378,470 | |
Studio City International Holdings ADR † | 184,458 | 1,279,899 | |
156,154,785 | |||
Consumer Staples — 5.25% | |||
Asahi Group Holdings | 388,000 | 15,054,334 | |
Casey's General Stores | 50,259 | 12,257,165 | |
China Mengniu Dairy † | 5,663,687 | 21,404,715 | |
Procter & Gamble | 154,522 | 23,447,168 | |
Reckitt Benckiser Group | 301,222 | 22,637,095 | |
94,800,477 | |||
Energy — 4.16% | |||
Canadian Natural Resources | 483,152 | 27,182,132 | |
ConocoPhillips | 229,379 | 23,765,958 | |
Schlumberger | 110,895 | 5,447,162 | |
Shell | 328,504 | 9,895,596 | |
TotalEnergies | 154,486 | 8,868,212 | |
75,159,060 | |||
Financials — 9.56% | |||
BNP Paribas | 327,938 | 20,694,842 | |
ICICI Bank | 1,182,642 | 13,540,053 | |
Intercontinental Exchange | 125,955 | 14,242,991 | |
Mastercard Class A | 79,235 | 31,163,125 | |
Mitsubishi UFJ Financial Group | 2,580,900 | 19,024,005 | |
Morgan Stanley | 190,691 | 16,285,011 | |
ORIX | 670,203 | 12,221,955 | |
PayPal Holdings † | 213,721 | 14,261,602 | |
Prudential | 1,266,472 | 17,886,884 | |
State Bank of India | 1,892,747 | 13,256,635 | |
172,577,103 | |||
Healthcare — 9.73% | |||
Abbott Laboratories | 142,469 | 15,531,971 | |
AstraZeneca | 144,103 | 20,657,781 | |
Bayer | 305,989 | 16,938,043 | |
Danaher | 68,339 | 16,401,360 | |
Eli Lilly & Co. | 45,239 | 21,216,186 | |
Genmab † | 57,232 | 21,688,507 | |
Thermo Fisher Scientific | 24,622 | 12,846,529 | |
UnitedHealth Group | 54,388 | 26,141,048 | |
Vertex Pharmaceuticals † | 68,519 | 24,112,521 | |
175,533,946 | |||
Industrials — 9.60% | |||
Airbus | 192,284 | 27,800,756 | |
Canadian Pacific Kansas City | 227,078 | 18,341,080 | |
Generac Holdings † | 104,426 | 15,573,049 | |
Ingersoll Rand | 291,224 | 19,034,401 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Industrials (continued) | |||
ITOCHU | 380,300 | $ 15,106,108 | |
Larsen & Toubro | 650,372 | 19,665,622 | |
Raytheon Technologies | 233,115 | 22,835,945 | |
Thales | 123,934 | 18,568,896 | |
Vinci | 139,829 | 16,247,486 | |
173,173,343 | |||
Information Technology — 13.87% | |||
Ambarella † | 140,608 | 11,764,671 | |
Apple | 197,250 | 38,260,582 | |
Autodesk † | 68,923 | 14,102,335 | |
Intuit | 51,738 | 23,705,834 | |
KLA | 26,905 | 13,049,463 | |
Microchip Technology | 156,274 | 14,000,588 | |
Microsoft | 145,429 | 49,524,392 | |
NVIDIA | 52,710 | 22,297,384 | |
Seagate Technology Holdings | 317,074 | 19,617,368 | |
Taiwan Semiconductor Manufacturing | 1,249,550 | 23,083,354 | |
VeriSign † | 92,912 | 20,995,325 | |
250,401,296 | |||
Materials — 0.56% | |||
Barrick Gold | 594,179 | 10,059,451 | |
10,059,451 | |||
Utilities — 1.61% | |||
NTPC | 5,789,947 | 13,372,395 | |
RWE | 359,086 | 15,647,643 | |
29,020,038 | |||
Total Common Stocks (cost $1,593,063,537) | 1,221,813,873 | ||
Exchange-Traded Funds — 2.44% | |||
iShares 0-5 Year High Yield Corporate Bond ETF | 496,800 | 20,592,360 | |
Vanguard Russell 2000 ETF | 309,336 | 23,391,988 | |
Total Exchange-Traded Funds (cost $44,247,746) | 43,984,348 |
Troy Ounces | |||
Bullion — 5.11% | |||
Gold | 48,025 | 92,211,525 | |
Total Bullion (cost $56,154,778) | 92,211,525 |
6 NQ- IV006 [0623] 0823 (3049481)
(Unaudited)
Number of shares | Value (US $) | ||
Short-Term Investments — 0.93% | |||
Money Market Mutual Funds — 0.93% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.99%) | 4,216,807 | $ 4,216,807 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.99%) | 4,216,807 | 4,216,807 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 5.14%) | 4,216,807 | 4,216,807 | |
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 5.03%) | 4,216,807 | 4,216,807 | |
Total Short-Term Investments (cost $16,867,228) | 16,867,228 | ||
Total Value of Securities—99.43% (cost $2,155,632,231) | 1,794,550,740 | ||
Receivables and Other Assets Net of Liabilities—0.57%★ | 10,294,772 | ||
Net Assets Applicable to 94,158,516 Shares Outstanding—100.00% | $1,804,845,512 |
° | Principal amount shown is stated in USD unless noted that the security is denominated in another currency. |
Σ | Interest only security. An interest only security is the interest only portion of a fixed income security, which is separated and sold individually from the principal portion of the security. |
• | 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. |
= | The value of this security was determined using significant unobservable inputs and is reported as a Level 3 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 $117,776,681, which represents 6.53% 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. |
‡ | Non-income producing security. Security is currently in default. |
ψ | Perpetual security. Maturity date represents next call date. |
^ | Zero-coupon security. The rate shown is the effective yield at the time of purchase. |
† | Non-income producing security. |
<< | Affiliated company. |
★ | Includes $452,694 cash collateral held at broker for futures contracts as of June 30, 2023. |
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 | |||||||
237 | US Treasury 5 yr Notes | $25,381,219 | $25,876,640 | 9/29/23 | $— | $(495,421) | $— | ||||||
61 | US Treasury 10 yr Notes | 6,848,203 | 6,977,982 | 9/20/23 | — | (129,779) | 8,579 | ||||||
(24) | US Treasury 10 yr Ultra Notes | (2,842,500) | (2,876,752) | 9/20/23 | 34,252 | — | (7,125) | ||||||
Total Futures Contracts | $29,977,870 | $34,252 | $(625,200) | $1,454 |
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.
NQ- IV006 [0623] 0823 (3049481) 7
Consolidated schedule of investments
Delaware Ivy Asset Strategy Fund (Unaudited)
Summary of abbreviations: |
ADR – American Depositary Receipt |
ETF – Exchange-Traded Fund |
GNMA – Government National Mortgage Association |
GS – Goldman Sachs |
ICE – Intercontinental Exchange, Inc. |
LIBOR – London Interbank Offered Rate |
LIBOR01M – ICE LIBOR USD 1 Month |
LIBOR03M – ICE LIBOR USD 3 Month |
LIBOR06M – ICE LIBOR USD 6 Month |
S.F. – Single Family |
SOFR01M – Secured Overnight Financing Rate 1 Month |
SOFR03M – Secured Overnight Financing Rate 3 Month |
USBMMY3M – US Treasury 3 Month Bill Money Market Yield |
USD – US Dollar |
yr – Year |
8 NQ- IV006 [0623] 0823 (3049481)