Schedule of investments
Delaware Ivy Smid Cap Core Fund
June 30, 2023 (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks — 98.62% | |||
Basic Materials — 8.06% | |||
Beacon Roofing Supply † | 52,062 | $ 4,320,105 | |
Boise Cascade | 39,764 | 3,592,677 | |
Huntsman | 175,815 | 4,750,521 | |
Kaiser Aluminum | 24,467 | 1,752,816 | |
Minerals Technologies | 57,248 | 3,302,637 | |
Reliance Steel & Aluminum | 16,179 | 4,394,055 | |
Westrock | 58,440 | 1,698,851 | |
Worthington Industries | 51,742 | 3,594,517 | |
27,406,179 | |||
Business Services — 5.44% | |||
ABM Industries | 52,467 | 2,237,718 | |
Aramark | 97,603 | 4,201,809 | |
ASGN † | 32,282 | 2,441,488 | |
Casella Waste Systems Class A † | 21,572 | 1,951,187 | |
Clean Harbors † | 20,422 | 3,357,989 | |
WillScot Mobile Mini Holdings † | 90,166 | 4,309,033 | |
18,499,224 | |||
Capital Goods — 12.73% | |||
Ameresco Class A † | 27,969 | 1,360,133 | |
Barnes Group | 21,026 | 887,087 | |
Carlisle | 11,282 | 2,894,172 | |
Chart Industries † | 6,810 | 1,088,170 | |
Coherent † | 55,779 | 2,843,613 | |
Federal Signal | 39,098 | 2,503,445 | |
Gates Industrial † | 72,437 | 976,451 | |
Graco | 30,232 | 2,610,533 | |
Kadant | 7,601 | 1,688,182 | |
KBR | 46,617 | 3,032,902 | |
Lincoln Electric Holdings | 20,802 | 4,131,901 | |
MasTec † | 29,835 | 3,519,635 | |
Quanta Services | 33,492 | 6,579,503 | |
Tetra Tech | 15,910 | 2,605,103 | |
WESCO International | 23,861 | 4,272,551 | |
Zurn Elkay Water Solutions | 84,746 | 2,278,820 | |
43,272,201 | |||
Consumer Discretionary — 4.82% | |||
BJ's Wholesale Club Holdings † | 39,709 | 2,502,064 | |
Dick's Sporting Goods | 29,696 | 3,925,514 | |
Five Below † | 20,473 | 4,023,764 | |
Malibu Boats Class A † | 45,583 | 2,673,899 | |
Steven Madden | 100,325 | 3,279,624 | |
16,404,865 | |||
Consumer Services — 2.38% | |||
Brinker International † | 48,962 | 1,792,009 | |
Jack in the Box | 16,430 | 1,602,418 | |
Texas Roadhouse | 22,451 | 2,520,799 | |
Wendy's | 99,739 | 2,169,323 | |
8,084,549 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Consumer Staples — 3.39% | |||
Casey's General Stores | 20,755 | $ 5,061,729 | |
Helen of Troy † | 13,031 | 1,407,609 | |
J & J Snack Foods | 17,067 | 2,702,730 | |
YETI Holdings † | 60,637 | 2,355,141 | |
11,527,209 | |||
Credit Cyclicals — 4.09% | |||
BorgWarner | 61,515 | 3,008,699 | |
Dana | 85,435 | 1,452,395 | |
KB Home | 33,220 | 1,717,806 | |
La-Z-Boy | 52,388 | 1,500,392 | |
Taylor Morrison Home † | 47,926 | 2,337,351 | |
Toll Brothers | 49,082 | 3,880,914 | |
13,897,557 | |||
Energy — 4.04% | |||
Chesapeake Energy | 61,094 | 5,112,346 | |
Liberty Energy | 434,807 | 5,813,369 | |
Southwestern Energy † | 465,000 | 2,794,650 | |
13,720,365 | |||
Financials — 12.22% | |||
Axis Capital Holdings | 53,461 | 2,877,806 | |
Columbia Banking System | 111,328 | 2,257,732 | |
East West Bancorp | 72,095 | 3,805,895 | |
Essent Group | 71,627 | 3,352,144 | |
Hamilton Lane Class A | 28,707 | 2,295,986 | |
Kemper | 54,281 | 2,619,601 | |
NMI Holdings Class A † | 70,059 | 1,808,923 | |
Primerica | 31,954 | 6,319,223 | |
Reinsurance Group of America | 25,050 | 3,474,184 | |
SouthState | 36,328 | 2,390,382 | |
Stifel Financial | 61,423 | 3,665,110 | |
Valley National Bancorp | 215,569 | 1,670,660 | |
Webster Financial | 81,058 | 3,059,940 | |
WSFS Financial | 51,176 | 1,930,359 | |
41,527,945 | |||
Healthcare — 14.36% | |||
Amicus Therapeutics † | 137,836 | 1,731,220 | |
Azenta † | 33,084 | 1,544,361 | |
Bio-Techne | 34,522 | 2,818,031 | |
Blueprint Medicines † | 35,016 | 2,213,011 | |
Catalent † | 36,201 | 1,569,675 | |
Encompass Health | 41,706 | 2,823,913 | |
Exact Sciences † | 28,772 | 2,701,691 | |
Halozyme Therapeutics † | 70,056 | 2,526,920 | |
ICON † | 12,185 | 3,048,687 | |
Insmed † | 73,982 | 1,561,020 | |
Inspire Medical Systems † | 11,076 | 3,595,713 | |
Intra-Cellular Therapies † | 20,367 | 1,289,639 | |
Lantheus Holdings † | 18,290 | 1,534,897 |
NQ- IV065 [0623] 0823 (3050882) 1
Schedule of investments
Delaware Ivy Smid Cap Core Fund (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Healthcare (continued) | |||
Ligand Pharmaceuticals † | 23,754 | $ 1,712,663 | |
Natera † | 45,149 | 2,196,950 | |
Neurocrine Biosciences † | 31,048 | 2,927,826 | |
OmniAb † | 145,624 | 732,489 | |
OmniAb 12.5 =, † | 10,854 | 0 | |
OmniAb 15 =, † | 10,855 | 0 | |
PTC Therapeutics † | 24,752 | 1,006,664 | |
QuidelOrtho † | 17,581 | 1,456,762 | |
Repligen † | 16,720 | 2,365,211 | |
Shockwave Medical † | 11,848 | 3,381,538 | |
Supernus Pharmaceuticals † | 48,746 | 1,465,305 | |
Travere Therapeutics † | 74,213 | 1,139,912 | |
Ultragenyx Pharmaceutical † | 32,057 | 1,478,789 | |
48,822,887 | |||
Media — 2.00% | |||
IMAX † | 102,631 | 1,743,700 | |
Interpublic Group | 88,134 | 3,400,210 | |
Nexstar Media Group | 9,860 | 1,642,183 | |
6,786,093 | |||
Real Estate Investment Trusts — 6.14% | |||
Brixmor Property Group | 148,214 | 3,260,708 | |
Camden Property Trust | 26,974 | 2,936,659 | |
DiamondRock Hospitality | 134,884 | 1,080,421 | |
EastGroup Properties | 14,398 | 2,499,493 | |
First Industrial Realty Trust | 65,503 | 3,448,078 | |
Kite Realty Group Trust | 134,684 | 3,008,841 | |
National Storage Affiliates Trust | 43,485 | 1,514,582 | |
Pebblebrook Hotel Trust | 94,468 | 1,316,884 | |
Physicians Realty Trust | 130,344 | 1,823,513 | |
20,889,179 | |||
Technology — 13.74% | |||
Box Class A † | 32,022 | 940,806 | |
DoubleVerify Holdings † | 22,175 | 863,051 | |
Dynatrace † | 43,995 | 2,264,423 | |
ExlService Holdings † | 28,066 | 4,239,650 | |
Guidewire Software † | 26,764 | 2,036,205 | |
MACOM Technology Solutions Holdings † | 36,285 | 2,377,756 | |
MaxLinear † | 56,127 | 1,771,368 | |
Paycom Software | 2,930 | 941,233 | |
Procore Technologies † | 33,698 | 2,192,729 | |
PTC † | 33,224 | 4,727,775 | |
Q2 Holdings † | 44,807 | 1,384,536 | |
Rapid7 † | 25,071 | 1,135,215 | |
Regal Rexnord | 16,156 | 2,486,408 | |
Semtech † | 65,560 | 1,669,158 | |
Silicon Laboratories † | 14,075 | 2,220,190 | |
Smartsheet Class A † | 55,661 | 2,129,590 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Technology (continued) | |||
Sprout Social Class A † | 22,705 | $ 1,048,063 | |
SPS Commerce † | 4,610 | 885,397 | |
Tyler Technologies † | 1,776 | 739,651 | |
Varonis Systems † | 69,543 | 1,853,321 | |
WNS Holdings ADR † | 46,052 | 3,394,953 | |
Workiva † | 15,644 | 1,590,369 | |
Yelp † | 52,927 | 1,927,072 | |
Ziff Davis † | 27,212 | 1,906,473 | |
46,725,392 | |||
Transportation — 3.57% | |||
Allegiant Travel † | 15,088 | 1,905,313 | |
Kirby † | 44,403 | 3,416,811 | |
Knight-Swift Transportation Holdings | 61,644 | 3,424,940 | |
Werner Enterprises | 76,599 | 3,384,144 | |
12,131,208 | |||
Utilities — 1.64% | |||
Black Hills | 47,597 | 2,868,195 | |
Spire | 42,436 | 2,692,140 | |
5,560,335 | |||
Total Common Stocks (cost $316,142,397) | 335,255,188 | ||
Short-Term Investments — 1.56% | |||
Money Market Mutual Funds — 1.56% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.99%) | 1,327,912 | 1,327,912 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.99%) | 1,327,912 | 1,327,912 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 5.14%) | 1,327,913 | 1,327,913 |
2 NQ- IV065 [0623] 0823 (3050882)
(Unaudited)
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%) | 1,327,911 | $ 1,327,911 | |
Total Short-Term Investments (cost $5,311,648) | 5,311,648 | ||
Total Value of Securities—100.18% (cost $321,454,045) | 340,566,836 | ||
Liabilities Net of Receivables and Other Assets—(0.18%) | (606,998) | ||
Net Assets Applicable to 22,908,307 Shares Outstanding—100.00% | $339,959,838 |
† | Non-income producing security. |
= | The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security. |
Summary of abbreviations: |
ADR – American Depositary Receipt |
NQ- IV065 [0623] 0823 (3050882) 3