Schedule of investments
Delaware Sustainable Equity Income Fund
June 30, 2023 (Unaudited)
| Number of shares | Value (US $) | ||
| Common Stocks — 99.58% | |||
| Communication Services — 5.92% | |||
| AT&T | 33,740 | $ 538,153 | |
| Comcast Class A | 20,067 | 833,784 | |
| IAC † | 3,129 | 196,501 | |
| Interpublic Group | 7,162 | 276,310 | |
| Match Group † | 2,549 | 106,676 | |
| News | 6,761 | 133,327 | |
| News Class A | 5,652 | 110,214 | |
| Omnicom Group | 2,629 | 250,149 | |
| T-Mobile US † | 2,460 | 341,694 | |
| Verizon Communications | 19,409 | 721,821 | |
| Walt Disney † | 7,133 | 636,834 | |
| 4,145,463 | |||
| Consumer Discretionary — 4.96% | |||
| Aramark | 2,632 | 113,308 | |
| Best Buy | 1,552 | 127,186 | |
| BorgWarner | 2,472 | 120,906 | |
| eBay | 2,930 | 130,942 | |
| Ford Motor | 18,165 | 274,837 | |
| General Motors | 3,299 | 127,209 | |
| Hasbro | 1,759 | 113,930 | |
| Hilton Worldwide Holdings | 1,277 | 185,867 | |
| Lowe's | 928 | 209,450 | |
| McDonald's | 2,978 | 888,665 | |
| NIKE Class B | 2,795 | 308,484 | |
| Ralph Lauren | 1,080 | 133,164 | |
| Tapestry | 2,498 | 106,914 | |
| Thor Industries | 1,134 | 117,369 | |
| Whirlpool | 935 | 139,119 | |
| Williams-Sonoma | 845 | 105,743 | |
| Yum! Brands | 1,965 | 272,251 | |
| 3,475,344 | |||
| Consumer Staples — 8.04% | |||
| Archer-Daniels-Midland | 2,897 | 218,897 | |
| Bunge | 1,245 | 117,466 | |
| Campbell Soup | 2,310 | 105,590 | |
| Church & Dwight | 1,127 | 112,959 | |
| Coca-Cola | 8,512 | 512,593 | |
| Colgate-Palmolive | 1,753 | 135,051 | |
| Conagra Brands | 5,172 | 174,400 | |
| Darling Ingredients † | 1,680 | 107,167 | |
| Hormel Foods | 3,178 | 127,819 | |
| Ingredion | 1,342 | 142,185 | |
| J M Smucker | 1,144 | 168,935 | |
| Kellogg | 2,749 | 185,283 | |
| Keurig Dr Pepper | 4,890 | 152,910 | |
| Kimberly-Clark | 951 | 131,295 | |
| Kraft Heinz | 8,394 | 297,987 | |
| Kroger | 3,365 | 158,155 | |
| McCormick & Co. | 1,671 | 145,761 | |
NQ-IV925 [6/23] 2/23 (2747688) 1
Schedule of investments
Delaware Sustainable Equity Income Fund (Unaudited)
| Number of shares | Value (US $) | ||
| Common Stocks (continued) | |||
| Consumer Staples (continued) | |||
| PepsiCo | 2,203 | $ 408,040 | |
| Procter & Gamble | 5,921 | 898,453 | |
| Target | 1,100 | 145,090 | |
| Tyson Foods Class A | 2,106 | 107,490 | |
| Walgreens Boots Alliance | 3,870 | 110,256 | |
| Walmart | 6,184 | 972,001 | |
| 5,635,783 | |||
| Energy — 6.71% | |||
| Baker Hughes | 25,997 | 821,765 | |
| Hess | 12,122 | 1,647,986 | |
| Pioneer Natural Resources | 6,353 | 1,316,214 | |
| Schlumberger | 18,680 | 917,562 | |
| 4,703,527 | |||
| Financials — 19.69% | |||
| Aflac | 4,358 | 304,188 | |
| Ally Financial | 3,790 | 102,368 | |
| American Express | 3,411 | 594,196 | |
| American International Group | 4,228 | 243,279 | |
| Aon Class A | 339 | 117,023 | |
| Arthur J Gallagher & Co. | 1,969 | 432,333 | |
| Axis Capital Holdings | 2,455 | 132,153 | |
| Bank of America | 27,275 | 782,520 | |
| Bank of New York Mellon | 7,826 | 348,414 | |
| BlackRock | 993 | 686,302 | |
| Capital One Financial | 2,386 | 260,957 | |
| Chubb | 2,490 | 479,474 | |
| Citigroup | 10,009 | 460,814 | |
| Corebridge Financial | 6,740 | 119,028 | |
| Discover Financial Services | 2,716 | 317,365 | |
| Fifth Third Bancorp | 10,354 | 271,378 | |
| Goldman Sachs Group | 1,896 | 611,536 | |
| Hartford Financial Services Group | 2,840 | 204,537 | |
| Huntington Bancshares | 21,822 | 235,241 | |
| JPMorgan Chase & Co. | 12,092 | 1,758,661 | |
| KeyCorp | 11,577 | 106,971 | |
| Lazard Class A | 4,537 | 145,184 | |
| Marsh & McLennan | 1,850 | 347,948 | |
| MetLife | 3,006 | 169,929 | |
| Moody's | 845 | 293,823 | |
| Nasdaq | 5,713 | 284,793 | |
| Northern Trust | 2,239 | 165,999 | |
| PayPal Holdings † | 3,248 | 216,739 | |
| PNC Financial Services Group | 2,473 | 311,474 | |
| Popular | 3,185 | 192,756 | |
| Principal Financial Group | 1,488 | 112,850 | |
| Prudential Financial | 2,705 | 238,635 | |
| RenaissanceRe Holdings | 565 | 105,384 | |
| S&P Global | 2,956 | 1,185,031 | |
| State Street | 2,881 | 210,832 | |
2 NQ-IV925 [6/23] 2/23 (2747688)
(Unaudited)
| Number of shares | Value (US $) | ||
| Common Stocks (continued) | |||
| Financials (continued) | |||
| Synchrony Financial | 3,703 | $ 125,606 | |
| T Rowe Price Group | 3,624 | 405,960 | |
| Unum Group | 2,865 | 136,661 | |
| US Bancorp | 7,365 | 243,340 | |
| Voya Financial | 2,505 | 179,634 | |
| Western Union | 12,999 | 152,478 | |
| 13,793,794 | |||
| Healthcare — 16.88% | |||
| Abbott Laboratories | 6,833 | 744,934 | |
| Amgen | 485 | 107,680 | |
| Becton Dickinson and Co. | 1,502 | 396,543 | |
| Biogen † | 420 | 119,637 | |
| Boston Scientific † | 8,755 | 473,558 | |
| Bristol-Myers Squibb | 9,675 | 618,716 | |
| Cardinal Health | 2,607 | 246,544 | |
| Centene † | 1,647 | 111,090 | |
| Cigna Group | 1,117 | 313,430 | |
| Cooper | 398 | 152,605 | |
| CVS Health | 5,082 | 351,319 | |
| Danaher | 2,064 | 495,360 | |
| Elevance Health | 825 | 366,539 | |
| Eli Lilly & Co. | 889 | 416,923 | |
| Gilead Sciences | 5,997 | 462,189 | |
| Henry Schein † | 1,417 | 114,919 | |
| Humana | 330 | 147,553 | |
| Illumina † | 605 | 113,431 | |
| Johnson & Johnson | 10,353 | 1,713,629 | |
| Laboratory Corp. of America Holdings | 525 | 126,698 | |
| McKesson | 656 | 280,315 | |
| Medtronic | 6,333 | 557,937 | |
| Merck & Co. | 7,098 | 819,038 | |
| Moderna † | 1,281 | 155,642 | |
| Pfizer | 23,358 | 856,771 | |
| Regeneron Pharmaceuticals † | 390 | 280,231 | |
| Thermo Fisher Scientific | 1,297 | 676,710 | |
| UnitedHealth Group | 610 | 293,190 | |
| Vertex Pharmaceuticals † | 409 | 143,931 | |
| Zimmer Biomet Holdings | 1,153 | 167,877 | |
| 11,824,939 | |||
| Industrials — 13.02% | |||
| 3M | 3,818 | 382,144 | |
| AECOM | 1,565 | 132,540 | |
| American Airlines Group † | 7,704 | 138,210 | |
| Automatic Data Processing | 789 | 173,414 | |
| AZEK † | 4,058 | 122,917 | |
| Broadridge Financial Solutions | 689 | 114,119 | |
| Carlisle | 1,295 | 332,206 | |
| CNH Industrial | 22,226 | 320,054 | |
| Cummins | 909 | 222,850 | |
NQ-IV925 [6/23] 2/23 (2747688) 3
Schedule of investments
Delaware Sustainable Equity Income Fund (Unaudited)
| Number of shares | Value (US $) | ||
| Common Stocks (continued) | |||
| Industrials (continued) | |||
| Delta Air Lines † | 7,239 | $ 344,142 | |
| Dover | 1,718 | 253,663 | |
| Eaton | 2,446 | 491,891 | |
| Emerson Electric | 4,704 | 425,195 | |
| Fortive | 3,245 | 242,629 | |
| FTI Consulting † | 623 | 118,495 | |
| General Electric | 6,661 | 731,711 | |
| Ingersoll Rand | 4,035 | 263,728 | |
| Johnson Controls International | 4,553 | 310,241 | |
| KBR | 1,911 | 124,330 | |
| Lennox International | 350 | 114,124 | |
| Norfolk Southern | 2,345 | 531,752 | |
| Otis Worldwide | 2,984 | 265,606 | |
| Owens Corning | 1,690 | 220,545 | |
| PACCAR | 5,847 | 489,101 | |
| Parker-Hannifin | 1,318 | 514,073 | |
| Republic Services | 1,738 | 266,209 | |
| Stanley Black & Decker | 1,430 | 134,005 | |
| Tetra Tech | 675 | 110,524 | |
| Trane Technologies | 915 | 175,003 | |
| Union Pacific | 1,551 | 317,366 | |
| United Airlines Holdings † | 2,486 | 136,407 | |
| Univar Solutions † | 3,120 | 111,821 | |
| Waste Management | 653 | 113,243 | |
| Westinghouse Air Brake Technologies | 1,994 | 218,682 | |
| Xylem | 1,400 | 157,668 | |
| 9,120,608 | |||
| Information Technology — 9.04% | |||
| Advanced Micro Devices † | 2,512 | 286,142 | |
| Akamai Technologies † | 1,151 | 103,440 | |
| Amdocs | 1,833 | 181,192 | |
| Analog Devices | 2,552 | 497,155 | |
| Applied Materials | 2,234 | 322,902 | |
| Cisco Systems | 20,671 | 1,069,517 | |
| Cognizant Technology Solutions Class A | 3,472 | 226,652 | |
| Corning | 3,351 | 117,419 | |
| First Solar † | 717 | 136,294 | |
| GoDaddy Class A † | 1,674 | 125,768 | |
| Hewlett Packard Enterprise | 12,837 | 215,662 | |
| HP | 3,649 | 112,061 | |
| IBM | 1,835 | 245,541 | |
| Intel | 17,430 | 582,859 | |
| Juniper Networks | 3,969 | 124,349 | |
| Keysight Technologies † | 657 | 110,015 | |
| Marvell Technology | 4,847 | 289,754 | |
| Okta † | 1,520 | 105,412 | |
| ON Semiconductor † | 2,055 | 194,362 | |
| Oracle | 2,546 | 303,203 | |
| Salesforce † | 3,620 | 764,761 | |
4 NQ-IV925 [6/23] 2/23 (2747688)
(Unaudited)
| Number of shares | Value (US $) | ||
| Common Stocks (continued) | |||
| Information Technology (continued) | |||
| Twilio Class A † | 1,659 | $ 105,546 | |
| VMware Class A † | 784 | 112,653 | |
| 6,332,659 | |||
| Materials — 4.71% | |||
| Air Products and Chemicals | 1,078 | 322,893 | |
| Albemarle | 607 | 135,416 | |
| Amcor | 16,035 | 160,029 | |
| AptarGroup | 1,157 | 134,050 | |
| Corteva | 5,934 | 340,018 | |
| Dow | 4,972 | 264,809 | |
| DuPont de Nemours | 2,189 | 156,382 | |
| Ecolab | 598 | 111,641 | |
| Freeport-McMoRan | 7,496 | 299,840 | |
| Graphic Packaging Holding | 3,999 | 96,096 | |
| International Flavors & Fragrances | 1,713 | 136,338 | |
| International Paper | 4,158 | 132,266 | |
| LyondellBasell Industries Class A | 4,209 | 386,512 | |
| Mosaic | 3,405 | 119,175 | |
| Newmont | 3,595 | 153,363 | |
| PPG Industries | 798 | 118,343 | |
| Sonoco Products | 1,843 | 108,774 | |
| United States Steel | 4,997 | 124,975 | |
| 3,300,920 | |||
| Real Estate — 2.36% | |||
| CBRE Group Class A † | 4,133 | 333,574 | |
| Equinix | 175 | 137,190 | |
| Equity Residential | 2,975 | 196,261 | |
| Healthpeak Properties | 5,955 | 119,696 | |
| Host Hotels & Resorts | 7,005 | 117,894 | |
| Iron Mountain | 2,975 | 169,039 | |
| Rexford Industrial Realty | 2,725 | 142,299 | |
| Sun Communities | 815 | 106,325 | |
| Ventas | 2,381 | 112,550 | |
| Weyerhaeuser | 6,425 | 215,302 | |
| 1,650,130 | |||
| REIT Diversified — 0.22% | |||
| Digital Realty Trust | 1,357 | 154,522 | |
| 154,522 | |||
| REIT Industrial — 0.89% | |||
| Prologis | 5,067 | 621,366 | |
| 621,366 | |||
| REIT Mall — 0.26% | |||
| Simon Property Group | 1,570 | 181,304 | |
| 181,304 | |||
| REIT Multifamily — 0.51% | |||
| AvalonBay Communities | 1,088 | 205,926 | |
NQ-IV925 [6/23] 2/23 (2747688) 5
Schedule of investments
Delaware Sustainable Equity Income Fund (Unaudited)
| Number of shares | Value (US $) | ||
| Common Stocks (continued) | |||
| REIT Multifamily (continued) | |||
| UDR | 3,468 | $ 148,985 | |
| 354,911 | |||
| REIT Shopping Center — 0.67% | |||
| Brixmor Property Group | 5,476 | 120,472 | |
| Kimco Realty | 9,988 | 196,964 | |
| Regency Centers | 2,508 | 154,919 | |
| 472,355 | |||
| Utilities — 5.70% | |||
| AES | 6,421 | 133,107 | |
| Alliant Energy | 4,018 | 210,865 | |
| American Electric Power | 4,679 | 393,972 | |
| Avangrid | 7,508 | 282,901 | |
| Brookfield Renewable Class A | 3,036 | 95,695 | |
| Consolidated Edison | 4,647 | 420,089 | |
| Dominion Energy | 5,413 | 280,339 | |
| Edison International | 4,689 | 325,651 | |
| Entergy | 2,241 | 218,206 | |
| Eversource Energy | 3,484 | 247,085 | |
| Hawaiian Electric Industries | 4,365 | 158,013 | |
| NRG Energy | 3,494 | 130,641 | |
| Public Service Enterprise Group | 5,750 | 360,008 | |
| Southern | 8,646 | 607,381 | |
| Vistra | 4,970 | 130,463 | |
| 3,994,416 | |||
| Total Common Stocks (cost $63,442,368) | 69,762,041 | ||
| Short-Term Investments — 0.20% | |||
| Money Market Mutual Funds — 0.20% | |||
| BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.99%) | 34,433 | 34,433 | |
| Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.99%) | 34,433 | 34,433 | |
| Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 5.14%) | 34,433 | 34,433 | |
| Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 5.03%) | 34,432 | 34,432 | |
| Total Short-Term Investments (cost $137,731) | 137,731 | ||
| Total Value of Securities—99.78% (cost $63,580,099) | 69,899,772 | ||
| Receivables and Other Assets Net of Liabilities—0.22% | 154,746 | ||
| Net Assets Applicable to 12,631,455 Shares Outstanding—100.00% | $70,054,518 | ||
| † | Non-income producing security. |
| Summary of abbreviations: |
| REIT – Real Estate Investment Trust |
| S&P – Standard & Poor’s Financial Services LLC |
6 NQ-IV925 [6/23] 2/23 (2747688)