Schedule of investments
Delaware Ivy Municipal High Income Fund
June 30, 2023 (Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds — 98.84% | |||
Education Revenue Bonds — 15.17% | |||
Arlington Higher Education Finance Revenue | |||
(Newman International Academy) | |||
Series A 4.00% 8/15/31 | 200,000 | $ 181,548 | |
Series A 5.00% 8/15/41 | 600,000 | 537,288 | |
California Educational Facilities Authority Revenue | |||
(Stanford University) Series V-1 5.00% 5/1/49 | 9,000,000 | 10,689,300 | |
California Municipal Finance Authority Revenue | |||
(Julian Charter School Project) Series A 144A 5.625% 3/1/45 # | 510,000 | 474,688 | |
California School Finance Authority Revenue | |||
(Aspire Public School) 144A 5.00% 8/1/41 # | 1,375,000 | 1,380,197 | |
(Rocketship Public Schools - Obligated Group) | |||
Series G 144A 5.00% 6/1/47 # | 675,000 | 621,122 | |
Series G 144A 5.00% 6/1/53 # | 675,000 | 605,725 | |
Capital Trust Agency, Florida Revenue | |||
(Lutz Preparatory School Project) Series A 4.00% 6/1/41 | 330,000 | 311,239 | |
Chester Economic Development Authority Lease Revenue | |||
(Chester Community Charter School Project) Series A 144A 5.625% 8/15/48 # | 12,000,000 | 11,433,960 | |
Florida Development Finance Corporation Educational Facilities Revenue | |||
(Renaissance Charter School project) | |||
Series A 144A 6.00% 6/15/35 # | 2,000,000 | 2,016,640 | |
Series A 144A 6.125% 6/15/44 # | 5,300,000 | 5,352,152 |
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Education Revenue Bonds (continued) | |||
Michigan Finance Authority Limited Obligation Revenue | |||
(Hanley International Academy Project) 5.00% 9/1/40 | 1,115,000 | $ 1,015,397 | |
(Old Redford Academy Project) | |||
Series A 5.90% 12/1/30 | 1,690,000 | 1,651,333 | |
Series A 6.50% 12/1/40 | 3,000,000 | 2,888,010 | |
Michigan Public Educational Facilities Authority Revenue | |||
(Old Redford Project) Series A 5.875% 12/1/30 | 1,720,000 | 1,678,135 | |
Nevada State Department of Business & Industry Revenue | |||
(Somerset Academy) Series A 144A 5.00% 12/15/48 # | 500,000 | 447,585 | |
Philadelphia Authority for Industrial Development Revenue | |||
(Mast Community Charter School II Project) 5.00% 8/1/50 | 375,000 | 363,409 | |
Pima County, Arizona Industrial Development Authority Revenue | |||
(Noah Webster Schools -Pima Project) Series A 7.00% 12/15/43 | 1,500,000 | 1,515,030 | |
Public Finance Authority Education Revenue | |||
(Cornerstone Charter Academy Project) Series A 144A 5.125% 2/1/46 # | 3,000,000 | 2,771,580 | |
(Triad Educational Services) Series A 144A 5.50% 6/15/45 # | 6,000,000 | 6,021,480 | |
(Wittenberg University Project) 144A 5.25% 12/1/39 # | 5,000,000 | 4,284,600 | |
University of Texas System Board of Regents Revenue | |||
Series B 5.00% 8/15/49 | 7,320,000 | 8,703,041 |
NQ- IV056 [0623] 0823 (3049924) 1
Schedule of investments
Delaware Ivy Municipal High Income Fund (Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Education Revenue Bonds (continued) | |||
University of Virginia Revenue | |||
(Green Bond) Series 2 3.57% 4/1/45 | 10,000,000 | $ 9,095,100 | |
74,038,559 | |||
Electric Revenue Bonds — 2.07% | |||
Development Authority of Burke County Pollution Control Revenue | |||
(Oglethrope Power Corporation Vogtle Project) Series A 1.50% 1/1/40 • | 700,000 | 661,668 | |
Guam Power Authority Revenue | |||
(Tax-Exempt Forward Delivery) | |||
Series A 5.00% 10/1/38 | 135,000 | 141,543 | |
Series A 5.00% 10/1/43 | 1,450,000 | 1,495,327 | |
Puerto Rico Electric Power Authority Revenue | |||
Series TT 5.00% 7/1/23 ‡ | 2,785,000 | 1,044,375 | |
Series TT 5.00% 7/1/37 ‡ | 3,730,000 | 1,408,075 | |
Series WW 5.00% 7/1/28 ‡ | 2,635,000 | 994,713 | |
Series WW 5.25% 7/1/33 ‡ | 430,000 | 162,325 | |
Series XX 5.25% 7/1/40 ‡ | 9,505,000 | 3,588,137 | |
Series XX 5.75% 7/1/36 ‡ | 1,630,000 | 615,325 | |
10,111,488 | |||
Healthcare Revenue Bonds — 15.85% | |||
Arizona Industrial Development Authority Revenue | |||
(Great Lakes Senior Living Communities LLC Project Fourth Tier) Series D-2 144A 7.75% 1/1/54 # | 2,100,000 | 1,114,281 | |
(Great Lakes Senior Living Communities LLC Project Third Tier) Series C 144A 5.50% 1/1/54 # | 4,000,000 | 1,993,360 | |
Bexar County Health Facilities Development Revenue | |||
(Army Retirement Residence Foundation Project) 5.00% 7/15/41 | 5,395,000 | 4,799,985 | |
California Educational Facilities Authority Revenue | |||
(Stanford University) Series V-2 5.00% 4/1/51 | 6,210,000 | 7,383,504 |
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Healthcare Revenue Bonds (continued) | |||
City of Chicago, Illinois Revenue | |||
(Goldblatts Supportive Living Project) 6.125% 12/1/43 ‡ | 8,560,000 | $ 5,541,316 | |
Connecticut State Health & Educational Facilities Authority Revenue | |||
(Church Home of Hartford Incorporated Project) | |||
Series A 144A 5.00% 9/1/46 # | 1,000,000 | 821,610 | |
Series A 144A 5.00% 9/1/53 # | 1,600,000 | 1,266,704 | |
Gainesville & Hall County, Georgia Hospital Authority Revenue | |||
(Northeast Georgia Health System Project) Series A 3.00% 2/15/47 | 3,775,000 | 2,855,637 | |
Iowa Finance Authority Revenue | |||
(Childserve Project) Series B 5.00% 6/1/36 | 2,425,000 | 2,231,655 | |
Kirkwood, Missouri Industrial Development Authority Revenue | |||
(Aberdeen Heights Project) Series A 5.25% 5/15/50 | 4,000,000 | 3,040,040 | |
Lenexa City, Kansas health Care Facility Revenue | |||
(Lakeview Village) | |||
Series A 4.00% 5/15/34 | 1,000,000 | 885,270 | |
Series A 5.00% 5/15/39 | 1,500,000 | 1,421,190 | |
Michigan Finance Authority Limited Obligation Revenue | |||
Series A 3.00% 12/1/49 | 7,000,000 | 5,196,030 | |
Muskingum County, Ohio Hospital Facilities Revenue | |||
(Genesis HealthCare System Obligated Group Project) 5.00% 2/15/48 | 2,000,000 | 1,851,380 | |
Nassau County Industrial Development Agency Revenue | |||
(Amsterdam at Harborside Project) Series B 5.00% 1/1/58 • | 10,884,206 | 4,897,784 |
2 NQ- IV056 [0623] 0823 (3049924)
(Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Healthcare Revenue Bonds (continued) | |||
New Hope, Texas Cultural Education Facilities Finance Revenue | |||
(Sanctuary LTC Project) Series A-1 5.50% 1/1/57 | 3,805,000 | $ 2,735,300 | |
Oklahoma Development Finance Authority Revenue | |||
(OU Medicine Project) Series B 5.50% 8/15/57 | 3,000,000 | 2,841,210 | |
Orange County, New York Funding Assisted Living Residence Revenue | |||
(The Hamlet at Wallkill Assisted Living Project) 6.50% 1/1/46 | 4,800,000 | 3,832,128 | |
Palomar Health Revenue | |||
4.00% 11/1/39 | 4,375,000 | 3,988,163 | |
Salem, Oregon Hospital Facility Authority Revenue | |||
(Capital Manor Project) 5.00% 5/15/53 | 1,895,000 | 1,733,394 | |
Seminole County, Florida Industrial Development Authority Revenue | |||
(Legacy Pointe at UCF Project) Series A 5.25% 11/15/39 | 2,000,000 | 1,641,740 | |
Tarrant County, Texas Cultural Education Facilities Finance Revenue | |||
(Air Force Villages Obligated Group Project) 5.00% 5/15/45 | 3,650,000 | 3,052,677 | |
(Buckner Senior Living - Ventana Project) | |||
Series A 6.75% 11/15/47 | 1,000,000 | 1,020,240 | |
Series A 6.75% 11/15/52 | 2,500,000 | 2,542,875 | |
Terre Haute Revenue | |||
(Westminster Village Project) 6.00% 8/1/39 | 4,000,000 | 3,560,880 |
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Healthcare Revenue Bonds (continued) | |||
Washington State Housing Finance Commission Revenue | |||
(Rockwood Retirement Communities Project) Series A 144A 7.50% 1/1/49-24 #, § | 5,000,000 | $ 5,096,700 | |
77,345,053 | |||
Housing Revenue Bond — 0.11% | |||
CSCDA Community Improvement Authority Essential Housing Revenue | |||
(Parallel - Anaheim) Series A 144A 4.00% 8/1/56 # | 700,000 | 538,188 | |
538,188 | |||
Industrial Development Revenue/Pollution ControlRevenue Bonds — 24.20% | |||
Arizona Industrial Development Authority Revenue | |||
(Legacy Cares Project) | |||
Series A 144A 6.00% 7/1/51 #, ‡ | 5,350,000 | 2,942,500 | |
Series A 144A 7.75% 7/1/50 #, ‡ | 1,000,000 | 550,000 | |
Buckeye, Ohio Tobacco Settlement Financing Authority Revenue | |||
Series B-2 5.00% 6/1/55 | 12,270,000 | 11,508,647 | |
California County Tobacco Securitization Agency Revenue | |||
(Capital Appreciation Bonds) Series D 8.238% 6/1/55 ^ | 6,250,000 | 434,938 | |
Chicago, Illinois O'Hare International Airport Revenue | |||
(Trips Obligated Group) 5.00% 7/1/48 (AMT) | 150,000 | 150,279 | |
Children's Trust fund, Puerto Rico Revenue | |||
(Asset-Backed) Series A 7.713% 5/15/57 ^ | 225,000,000 | 16,161,750 | |
District of Columbia Tobacco Settlement Financing Revenue | |||
(Capital Appreciation- Asset-Backed) Series C 0.15% 6/15/55 ^ | 60,000,000 | 5,954,400 |
NQ- IV056 [0623] 0823 (3049924) 3
Schedule of investments
Delaware Ivy Municipal High Income Fund (Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Industrial Development Revenue/Pollution ControlRevenue Bonds (continued) | |||
Erie, New York Tobacco Asset Securitization Revenue | |||
(Capital Appreciation- Asset-Backed) Series D 0.675% 6/1/55 ^ | 4,000,000 | $ 282,640 | |
Finance Authority of Maine Solid Waste Disposal Revenue | |||
(Casella Waste System Project) Series R-2 144A 4.375% 8/1/35 (AMT) #, • | 1,000,000 | 994,400 | |
Florida Development Finance Surface Transportation Facilities Revenue | |||
(AMT Brightline Passenger Rail Project - Green Bonds) Series B 144A 7.375% 1/1/49 (AMT) # | 7,500,000 | 7,450,350 | |
George L Smith II Congress Center Authority Revenue | |||
(Convention Center Hotel) Series A 4.00% 1/1/54 | 4,000,000 | 3,405,200 | |
Inland, California Empire Tobacco Securitization Revenue | |||
(Capital Appreciation Asset-Backed) | |||
Series E 144A 0.63% 6/1/57 #, ^ | 7,000,000 | 489,790 | |
Series F 144A 0.24% 6/1/57 #, ^ | 163,120,000 | 9,297,840 | |
Louisiana Public Facilities Authority Revenue | |||
(Louisiana Pellets Project) | |||
Series A 8.375% 7/1/39 (AMT) ‡ | 13,547,003 | 135 | |
Series B 10.50% 7/1/39 (AMT) ‡ | 12,201,587 | 122 | |
Series LA 144A 7.75% 7/1/39 (AMT) #, ‡ | 1,976,705 | 20 | |
Lower Alabama Gas District Revenue | |||
(Gas Project Revenue Bonds) Series A 5.00% 9/1/46 | 6,000,000 | 6,244,140 | |
Main Street Natural Gas Revenue | |||
Series A 4.00% 5/15/39 | 2,500,000 | 2,277,950 |
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Industrial Development Revenue/Pollution ControlRevenue Bonds (continued) | |||
Nassau County Tobacco Settlement Revenue | |||
(Asset-Backed) Series A-3 5.125% 6/1/46 | 10,000,000 | $ 9,257,000 | |
New York City Industrial Development Agency Revenue | |||
(Yankee Stadium Project) Series A 3.00% 3/1/49 | 1,000,000 | 726,130 | |
New York Counties Tobacco Trust Revenue | |||
(Pass Through Program) | |||
Series 4B 144A Series 2B 0.622% 6/1/60 #, ^ | 322,800,000 | 13,735,140 | |
Series C 5.00% 6/1/51 | 1,000,000 | 933,080 | |
Series F 7.084% 6/1/60 ^ | 55,000,000 | 3,518,350 | |
Public Authority for Colorado Energy Natural Gas Revenue | |||
6.50% 11/15/38 | 9,000,000 | 10,872,360 | |
Public Finance Authority Education Revenue | |||
(Grand Hyatt San Antonio Hotel Acquisition Project) Series A 5.00% 2/1/62 | 3,030,000 | 2,979,005 | |
Sanger Industrial Development Revenue | |||
(Texas Pellets Project) Series B 8.00% 7/1/38 (AMT) ‡ | 17,870,000 | 4,467,500 | |
Tobacco Securitization Authority of Southern California Revenue | |||
(Capital Appreciation Bonds) | |||
Series C 1.746% 6/1/46 ^ | 3,515,000 | 639,273 | |
Series D 2.151% 6/1/46 ^ | 6,540,000 | 985,774 | |
(San Diego County Tobacco Asset Securitization Corporation) Series B-1 5.00% 6/1/48 | 810,000 | 825,309 |
4 NQ- IV056 [0623] 0823 (3049924)
(Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Industrial Development Revenue/Pollution ControlRevenue Bonds (continued) | |||
Vermont Economic Development Authority Solid Waste Disposal Revenue | |||
(Casella Waste System Project) 144A 4.625% 4/1/36 (AMT) #, • | 1,000,000 | $ 987,990 | |
118,072,012 | |||
Lease Revenue Bonds — 1.82% | |||
California Statewide Communities Development Authority Revenue | |||
(Lancer Plaza Project) | |||
5.625% 11/1/33 | 1,400,000 | 1,405,740 | |
5.875% 11/1/43 | 1,890,000 | 1,894,007 | |
New York Liberty Development Revenue | |||
(3 World Trade Center Project) Class 3 144A 7.25% 11/15/44 # | 2,000,000 | 2,024,960 | |
St. Louis Municipal Finance Revenue | |||
(Convention Center Capital Improvement Project) | |||
Series A 6.43% 7/15/36 ^ | 2,250,000 | 1,320,570 | |
Series A 6.44% 7/15/37 ^ | 4,000,000 | 2,215,240 | |
8,860,517 | |||
Local General Obligation Bonds — 3.59% | |||
City of Fairfield, Alabama | |||
6.00% 6/1/37 ‡ | 8,485,000 | 6,788,000 | |
MIDA Golf and Equestrian Center Public Infrastructure District | |||
144A 4.50% 6/1/51 # | 2,665,000 | 1,908,060 | |
144A 4.625% 6/1/57 # | 2,310,000 | 1,642,087 | |
Village of Riverdale, Illinois | |||
8.00% 10/1/36 | 7,140,000 | 7,154,994 | |
17,493,141 | |||
Pre-Refunded/Escrowed to Maturity Bonds — 5.02% | |||
California School Finance Authority Revenue | |||
(Aspire Public School) 144A 5.00% 8/1/41-25 #, § | 125,000 | 129,909 | |
Central Texas Regional Mobility Authority Revenue | |||
Series A 5.00% 1/1/45-25 § | 4,000,000 | 4,146,960 |
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Pre-Refunded/Escrowed to Maturity Bonds (continued) | |||
Golden State, California Tobacco Securitization Corporate Settlement Revenue | |||
Series A-1 5.00% 6/1/29-27 § | 1,250,000 | $ 1,359,100 | |
(Asset-Backed Enhanced) Series A 5.00% 6/1/35-25 § | 6,265,000 | 6,516,915 | |
North Texas Tollway Authority Revenue Special Project System Revenue | |||
(Convertible Capital Appreciation Bonds) Series C 11.205% 9/1/43-31 § | 5,000,000 | 6,228,850 | |
Osceola County, Florida Expressway System Senior Lien | |||
(Poinciana Parkway Project) Series A 5.375% 10/1/47-24 § | 2,000,000 | 2,051,360 | |
Savannah Economic Development Authority | |||
(The Marshes of Skidway Island Project) 7.25% 1/1/49-24 § | 4,000,000 | 4,075,520 | |
24,508,614 | |||
Special Tax Revenue Bonds — 18.59% | |||
Alabama Economic Settlement Authority Revenue | |||
(BP Settlement Project) Series A 4.00% 9/15/33 | 6,000,000 | 6,017,580 | |
Branson Industrial Development Authority Revenue | |||
(Branson Shoppes Redevelopment Project) Series A 3.90% 11/1/29 | 470,000 | 435,488 | |
Broadway-Fairview Transportation Development District Revenue | |||
Series A 5.875% 12/1/31 | 675,000 | 423,562 | |
Series A 6.125% 12/1/36 | 1,050,000 | 658,875 | |
Commonwealth of Puerto Rico Revenue | |||
Series C 2.94% 11/1/43 • | 30,051,228 | 15,175,870 | |
GDB Debt Recovery Authority of Puerto Rico Revenue | |||
7.50% 8/20/40 | 24,000,000 | 19,860,001 |
NQ- IV056 [0623] 0823 (3049924) 5
Schedule of investments
Delaware Ivy Municipal High Income Fund (Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Special Tax Revenue Bonds (continued) | |||
Grandview City, Missouri Industrial Development Authority Tax Increment Revenue | |||
(Grandview Crossing Project) 5.75% 12/1/28 ‡ | 1,000,000 | $ 220,000 | |
Kansas City, Missouri Tax Increment Financing Commission Tax Increment Revenue | |||
(Brywood Centre Project) Series A 8.00% 4/1/33 ‡ | 3,950,000 | 1,343,000 | |
Lakeside 370 Levee District - Subdistrict B Revenue | |||
Series 2015-B 0.00% 4/1/55 | 853,802 | 768,422 | |
Lees Summit Industrial Development Authority Revenue | |||
(Kensington Farms Improvement Project) 5.75% 3/1/29 ‡ | 2,185,000 | 1,267,300 | |
Marquis Community Development Authority of York County Virginia Revenue | |||
Series B 5.625% 9/1/41 ‡ | 2,779,000 | 833,700 | |
(Capital Appreciation Bonds) Series C 0.00% 9/1/41 ^ | 821,000 | 2,052 | |
(Convertible Capital Appreciation Bonds) 144A 7.50% 9/1/45 #, ‡ | 859,000 | 257,700 | |
Matching Fund Special Purpose Securitization Revenue | |||
Series A 5.00% 10/1/39 | 1,290,000 | 1,276,145 | |
Puerto Rico Sales Tax Financing Revenue | |||
(Restructured) | |||
Series A-1 0.751% 7/1/51 ^ | 28,564,000 | 6,038,430 | |
Series A-1 2.706% 7/1/46 ^ | 9,915,000 | 2,797,715 | |
Series A-1 5.00% 7/1/58 | 11,100,000 | 10,848,696 | |
Series A-2 4.784% 7/1/58 | 8,072,000 | 7,670,257 | |
Series B-1 4.75% 7/1/53 | 5,484,000 | 5,239,304 | |
San Buenaventura Redevelopment Agency Revenue | |||
(Merged San Buenaventura Redevelopment Project) | |||
7.75% 8/1/28 | 1,000,000 | 1,003,510 | |
8.00% 8/1/38 | 1,500,000 | 1,505,520 |
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Special Tax Revenue Bonds (continued) | |||
Stone Canyon Community Improvement District Revenue | |||
(Public Infrastructure Improvement Project) 5.75% 4/1/27 ‡ | 1,250,000 | $ 325,000 | |
Village of East Dundee, Illinois Revenue | |||
(Route 25 South Redevelopment Project) 5.625% 12/1/31 | 1,505,000 | 1,432,414 | |
Whiting Redevelopment District Revenue | |||
4.00% 1/15/32 | 2,600,000 | 2,462,772 | |
Wyandotte County, Kansas City, Kansas Unified Government Special Obligation Revenue | |||
(Wyandotte Plaza Redevelopment Project) 5.00% 12/1/34 | 3,000,000 | 2,844,750 | |
90,708,063 | |||
State General Obligation Bonds — 2.75% | |||
Commonwealth of Massachusetts | |||
Series C 2.75% 3/1/50 | 5,000,000 | 3,578,200 | |
Commonwealth of Puerto Rico | |||
(Restructured) | |||
Series A-1 4.00% 7/1/41 | 5,360,400 | 4,671,481 | |
Series A-1 4.00% 7/1/46 | 2,071,000 | 1,757,161 | |
Illinois State | |||
4.00% 6/1/32 | 3,410,000 | 3,427,186 | |
13,434,028 | |||
Transportation Revenue Bonds — 9.67% | |||
Austin, Texas Airport System Revenue | |||
5.00% 11/15/24 (AMT) | 1,650,000 | 1,673,727 | |
California Municipal Finance Authority Revenue | |||
(LINXS APM Project) | |||
Series A 4.00% 12/31/47 (AMT) | 2,650,000 | 2,387,544 | |
Series A 5.00% 12/31/43 | 1,500,000 | 1,524,420 | |
Central Texas Regional Mobility Authority Revenue | |||
(Capital Appreciation Bonds) | |||
7.81% 1/1/36 ^ | 2,500,000 | 1,509,025 | |
7.85% 1/1/40 ^ | 2,000,000 | 939,160 |
6 NQ- IV056 [0623] 0823 (3049924)
(Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Transportation Revenue Bonds (continued) | |||
Colorado High Performance Transportation Enterprise Revenue | |||
(U.S. 36 & I-25 Managed Lanes) 5.75% 1/1/44 (AMT) | 3,250,000 | $ 3,249,967 | |
Florida Development Finance Revenue | |||
(Brightline Florida Passenger Rail Expansion Project) Series A 144A 7.25% 7/1/57 (AMT) #, • | 2,500,000 | 2,542,900 | |
Foothill-Eastern, California Transportation Corridor Agency Revenue | |||
Series B-1 3.95% 1/15/53 (AGM) | 2,800,000 | 2,619,176 | |
Series B-2 3.50% 1/15/53 | 1,600,000 | 1,360,896 | |
Metropolitan Washington Airports Authority Dulles Toll Road Revenue | |||
(Convertible Capital Appreciation Bonds) Series B 6.50% 10/1/44 | 1,000,000 | 1,127,750 | |
New York Metropolitan Transportation Authority Revenue | |||
(Climate Bond Certified - Green Bonds) Series B 4.00% 11/15/50 | 5,000,000 | 4,655,000 | |
New York Transportation Development Corporation Special Facilities Revenue | |||
(Delta Air Lines - LaGuardia Airport Terminals C&D Redevelopment Project) 4.00% 1/1/36 (AMT) | 1,000,000 | 977,600 | |
North Carolina Turnpike Authority Triangle Expressway System Revenue | |||
(Capital Appreciation Bonds) Series C 0.001% 7/1/41 ^ | 4,160,000 | 1,694,867 | |
(Triangle Expressway System Senior Lien) 4.00% 1/1/55 | 1,000,000 | 933,790 |
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Transportation Revenue Bonds (continued) | |||
Pennsylvania Turnpike Commission Revenue | |||
(Convertible Capital Appreciation Bonds) Series E 6.375% 12/1/38 | 13,500,000 | $ 14,934,105 | |
Phoenix, Arizona Civic Improvement Corporation Airport Revenue | |||
Series B 3.25% 7/1/49 (AMT) | 1,555,000 | 1,197,459 | |
Virginia Small Business Financing Authority Revenue | |||
(Transform 66-33 Project) 5.00% 12/31/52 (AMT) | 3,840,000 | 3,874,445 | |
47,201,831 | |||
Total Municipal Bonds (cost $574,429,341) | 482,311,494 |
Number of shares | |||
Short-Term Investments — 0.42% | |||
Money Market Mutual Funds — 0.01% | |||
State Street Institutional US Government Money Market Fund – Premier Class (seven-day effective yield 5.03%) | 31,479 | 31,479 | |
31,479 |
Principal amount° | |||
Variable Rate Demand Notes — 0.41%¤ | |||
Los Angeles Department of Water & Power Revenue | |||
Subordinate Series B-3 2.60% 7/1/34 (SPA - Barclays Bank) | 500,000 | 500,000 |
NQ- IV056 [0623] 0823 (3049924) 7
Schedule of investments
Delaware Ivy Municipal High Income Fund (Unaudited)
Principal amount° | Value (US $) | ||
Variable Rate Demand Notes (continued) | |||
Phoenix, Arizona Industrial Development Authority | |||
Series B 3.65% 11/15/52 (SPA - Northern Trust) | 1,500,000 | $ 1,500,000 | |
2,000,000 | |||
Total Short-Term Investments (cost $2,031,479) | 2,031,479 | ||
Total Value of Securities—99.26% (cost $576,460,820) | 484,342,973 | ||
Receivables and Other Assets Net of Liabilities—0.74% | 3,610,559 | ||
Net Assets Applicable to 113,682,523 Shares Outstanding—100.00% | $487,953,532 |
° | 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 $91,194,218, which represents 18.69% 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. |
‡ | Non-income producing security. Security is currently in default. |
§ | Pre-refunded bonds. Municipal bonds that are generally backed or secured by US Treasury bonds. For pre-refunded bonds, the stated maturity is followed by the year in which the bond will be pre-refunded. |
^ | Zero-coupon security. The rate shown is the effective yield at the time of purchase. |
¤ | Tax-exempt obligations that contain a floating or variable interest rate adjustment formula and an unconditional right of demand to receive payment of the unpaid principal balance plus accrued interest upon a short notice period (generally up to 30 days) prior to specified dates either from the issuer or by drawing on a bank letter of credit, a guarantee, or insurance issued with respect to such instrument. Each rate shown is as of June 30, 2023. |
Summary of abbreviations: |
AGM – Insured by Assured Guaranty Municipal Corporation |
AMT – Subject to Alternative Minimum Tax |
ICE – Intercontinental Exchange, Inc. |
LIBOR – London Interbank Offered Rate |
LIBOR03M – ICE LIBOR USD 3 Month |
LIBOR06M – ICE LIBOR USD 6 Month |
LLC – Limited Liability Corporation |
SPA – Stand-by Purchase Agreement |
USD – US Dollar |
8 NQ- IV056 [0623] 0823 (3049924)