Schedule of investments
Delaware Ivy Emerging Markets Local Currency Debt Fund
June 30, 2023 (Unaudited)
Principal amount° | Value (US $) | ||
Sovereign Bonds — 92.16%Δ | |||
Brazil — 10.05% | |||
Brazil Letras do Tesouro Nacional | |||
7.194% 7/1/24 ^ | BRL | 1,258,000 | $ 235,508 |
8.19% 1/1/24 ^ | BRL | 3,300,000 | 649,272 |
Brazil Notas do Tesouro Nacional | |||
Series F 10.00% 1/1/27 | BRL | 4,045,000 | 840,059 |
Series F 10.00% 1/1/31 | BRL | 672,000 | 136,531 |
1,861,370 | |||
Chile — 3.02% | |||
Bonos de la Tesoreria de la Republica en pesos | |||
144A 2.30% 10/1/28 # | CLP | 100,000,000 | 107,641 |
144A 2.80% 10/1/33 # | CLP | 115,000,000 | 116,753 |
144A 4.70% 9/1/30 # | CLP | 40,000,000 | 49,133 |
144A 5.00% 10/1/28 # | CLP | 80,000,000 | 98,239 |
5.00% 3/1/35 | CLP | 70,000,000 | 87,636 |
6.00% 1/1/43 | CLP | 70,000,000 | 98,809 |
558,211 | |||
Colombia — 5.40% | |||
Colombian TES | |||
5.75% 11/3/27 | COP | 717,400,000 | 148,143 |
6.25% 7/9/36 | COP | 320,300,000 | 55,619 |
7.00% 3/26/31 | COP | 778,500,000 | 157,470 |
7.00% 6/30/32 | COP | 1,042,100,000 | 204,996 |
7.25% 10/18/34 | COP | 885,100,000 | 171,325 |
7.25% 10/26/50 | COP | 421,700,000 | 71,859 |
7.75% 9/18/30 | COP | 896,000,000 | 191,207 |
1,000,619 | |||
Czech Republic — 9.93% | |||
Czech Republic Government Bonds | |||
0.25% 2/10/27 | CZK | 1,580,000 | 61,816 |
0.95% 5/15/30 | CZK | 8,230,000 | 301,730 |
1.25% 2/14/25 | CZK | 3,010,000 | 129,495 |
1.50% 4/24/40 | CZK | 1,700,000 | 51,268 |
1.75% 6/23/32 | CZK | 12,900,000 | 482,588 |
2.00% 10/13/33 | CZK | 4,250,000 | 158,140 |
2.40% 9/17/25 | CZK | 4,400,000 | 190,187 |
2.50% 8/25/28 | CZK | 4,860,000 | 202,347 |
2.75% 7/23/29 | CZK | 4,470,000 | 186,821 |
5.008% 12/12/24 ^ | CZK | 1,770,000 | 75,031 |
1,839,423 |
Principal amount° | Value (US $) | ||
Sovereign BondsΔ (continued) | |||
Dominican Republic — 0.80% | |||
Dominican Republic International Bond 9.75% 6/5/26 | DOP | 8,000,000 | $ 148,145 |
148,145 | |||
Hungary — 4.03% | |||
Hungary Government Bonds | |||
1.00% 11/26/25 | HUF | 50,000,000 | 122,389 |
1.50% 4/22/26 | HUF | 18,740,000 | 45,188 |
1.50% 8/26/26 | HUF | 29,820,000 | 70,849 |
2.50% 10/24/24 | HUF | 21,220,000 | 56,135 |
2.75% 12/22/26 | HUF | 13,360,000 | 32,519 |
3.00% 10/27/38 | HUF | 8,510,000 | 16,291 |
4.00% 4/28/51 | HUF | 95,680,000 | 179,791 |
6.00% 11/24/23 | HUF | 42,520,000 | 121,638 |
6.75% 10/22/28 | HUF | 36,100,000 | 101,654 |
746,454 | |||
Indonesia — 16.36% | |||
Indonesia Treasury Bonds | |||
6.125% 5/15/28 | IDR | 13,665,000,000 | 916,471 |
6.625% 5/15/33 | IDR | 4,980,000,000 | 338,185 |
7.125% 6/15/42 | IDR | 2,270,000,000 | 158,574 |
7.50% 8/15/32 | IDR | 1,105,000,000 | 79,690 |
7.50% 6/15/35 | IDR | 5,300,000,000 | 383,334 |
7.75% 4/15/31 | IDR | 979,000,000 | 70,870 |
8.25% 5/15/29 | IDR | 2,683,000,000 | 197,506 |
8.375% 9/15/26 | IDR | 570,000,000 | 40,756 |
8.75% 5/15/31 | IDR | 5,042,000,000 | 386,621 |
8.75% 2/15/44 | IDR | 1,353,000,000 | 108,386 |
9.00% 3/15/29 | IDR | 2,800,000,000 | 213,548 |
9.50% 7/15/31 | IDR | 290,000,000 | 23,344 |
9.50% 5/15/41 | IDR | 1,307,000,000 | 111,756 |
3,029,041 | |||
Malaysia — 7.58% | |||
Malaysia Government Bonds | |||
2.632% 4/15/31 | MYR | 675,000 | 132,619 |
3.733% 6/15/28 | MYR | 1,820,000 | 391,646 |
3.757% 5/22/40 | MYR | 3,149,000 | 642,292 |
3.828% 7/5/34 | MYR | 200,000 | 42,117 |
4.232% 6/30/31 | MYR | 650,000 | 142,694 |
4.392% 4/15/26 | MYR | 236,000 | 51,780 |
1,403,148 | |||
Mexico — 8.17% | |||
Mexican Bonos | |||
5.50% 3/4/27 | MXN | 9,600,000 | 500,157 |
7.75% 5/29/31 | MXN | 2,740,000 | 151,493 |
7.75% 11/23/34 | MXN | 4,510,000 | 246,157 |
NQ- IV011 [0623] 0823 (3049517) 1
Schedule of investments
Delaware Ivy Emerging Markets Local Currency Debt Fund (Unaudited)
Principal amount° | Value (US $) | ||
Sovereign BondsΔ (continued) | |||
Mexico (continued) | |||
Mexican Bonos | |||
7.75% 11/13/42 | MXN | 1,500,000 | $ 78,663 |
8.00% 11/7/47 | MXN | 600,000 | 32,052 |
8.50% 11/18/38 | MXN | 5,128,100 | 292,095 |
10.00% 11/20/36 | MXN | 3,270,000 | 211,326 |
1,511,943 | |||
Peru — 2.58% | |||
Peru Government Bonds | |||
5.35% 8/12/40 | PEN | 190,000 | 43,624 |
5.40% 8/12/34 | PEN | 496,000 | 120,790 |
5.94% 2/12/29 | PEN | 252,000 | 68,133 |
Peruvian Government International Bonds | |||
6.90% 8/12/37 | PEN | 300,000 | 81,554 |
6.95% 8/12/31 | PEN | 586,000 | 163,911 |
478,012 | |||
Poland — 0.32% | |||
Republic of Poland Government Bond 2.50% 7/25/27 | PLN | 272,000 | 59,398 |
59,398 | |||
Romania — 3.62% | |||
Romania Government Bonds | |||
3.25% 4/29/24 | RON | 580,000 | 124,627 |
4.00% 10/25/23 | RON | 700,000 | 152,987 |
4.15% 1/26/28 | RON | 500,000 | 99,479 |
4.85% 4/22/26 | RON | 900,000 | 190,107 |
5.00% 2/12/29 | RON | 505,000 | 102,604 |
669,804 | |||
South Africa — 8.79% | |||
Republic of South Africa Government Bonds | |||
6.50% 2/28/41 | ZAR | 1,840,021 | 57,949 |
8.25% 3/31/32 | ZAR | 6,500,000 | 290,322 |
8.50% 1/31/37 | ZAR | 4,897,009 | 199,002 |
8.75% 1/31/44 | ZAR | 4,580,705 | 178,677 |
8.75% 2/28/48 | ZAR | 9,704,755 | 374,320 |
8.875% 2/28/35 | ZAR | 5,713,558 | 248,866 |
9.00% 1/31/40 | ZAR | 4,310,342 | 176,227 |
10.50% 12/21/26 | ZAR | 1,849,000 | 102,143 |
1,627,506 | |||
Thailand — 10.33% | |||
Thailand Government Bonds | |||
1.60% 12/17/29 | THB | 5,655,000 | 151,537 |
1.60% 6/17/35 | THB | 839,000 | 21,001 |
Principal amount° | Value (US $) | ||
Sovereign BondsΔ (continued) | |||
Thailand (continued) | |||
Thailand Government Bonds | |||
2.00% 12/17/31 | THB | 8,812,000 | $ 240,316 |
2.875% 12/17/28 | THB | 32,821,000 | 949,216 |
2.875% 6/17/46 | THB | 5,000,000 | 133,715 |
3.30% 6/17/38 | THB | 10,220,000 | 302,877 |
3.40% 6/17/36 | THB | 2,440,000 | 73,276 |
3.775% 6/25/32 | THB | 1,286,000 | 40,090 |
1,912,028 | |||
Turkey — 0.81% | |||
Turkey Government Bonds | |||
9.00% 7/24/24 | TRY | 900,000 | 32,774 |
10.40% 3/20/24 | TRY | 450,000 | 16,813 |
10.60% 2/11/26 | TRY | 856,637 | 30,507 |
12.40% 3/8/28 | TRY | 130,848 | 4,433 |
12.60% 10/1/25 | TRY | 1,700,000 | 64,788 |
149,315 | |||
Uruguay — 0.37% | |||
Uruguay Government International Bond | |||
8.25% 5/21/31 | UYU | 1,109,152 | 27,296 |
8.50% 3/15/28 | UYU | 1,637,000 | 41,596 |
68,892 | |||
Total Sovereign Bonds (cost $18,604,643) | 17,063,309 | ||
Supranational Banks — 5.09% | |||
European Investment Bank | |||
8.50% 8/24/23 | EGP | 7,000,000 | 218,110 |
13.943% 10/18/32 ^ | ZAR | 10,260,000 | 224,202 |
International Finance 7.00% 7/20/27 | MXN | 9,270,000 | 499,325 |
Total Supranational Banks (cost $1,111,588) | 941,637 | ||
Total Value of Securities—97.25% (cost $19,716,231) | 18,004,946 | ||
Receivables and Other Assets Net of Liabilities—2.75% | 509,913 | ||
Net Assets Applicable to 2,277,002 Shares Outstanding—100.00% | $18,514,859 |
° | Principal amount shown is stated in USD unless noted that the security is denominated in another currency. |
2 NQ- IV011 [0623] 0823 (3049517)
(Unaudited)
Δ | Securities have been classified by country of risk. |
^ | Zero-coupon security. The rate shown is the effective yield at the time of purchase. |
# | 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 $371,766, which represents 2.01% of the Fund's net assets. |
Foreign Currency Exchange Contracts | ||||||||||||
Counterparty | Currency to Receive (Deliver) | In Exchange For | Settlement Date | Unrealized Appreciation | Unrealized Depreciation | |||||||
JPMCB | CNH | 10,421,467 | USD | (1,525,284) | 7/14/23 | $— | $(90,056) | |||||
JPMCB | CZK | (12,783,980) | USD | 595,033 | 7/14/23 | 8,623 | — | |||||
JPMCB | MXN | (5,199,708) | USD | 283,059 | 7/14/23 | — | (19,847) | |||||
JPMCB | PLN | 6,184,032 | USD | (1,469,471) | 7/14/23 | 50,311 | — | |||||
JPMCB | ZAR | (5,992,095) | USD | 329,726 | 7/14/23 | 11,821 | — | |||||
Total Foreign Currency Exchange Contracts | $70,755 | $(109,903) |
The use of foreign currency exchange contracts involves elements of market risk and risks in excess of the amounts disclosed in the schedule of investments. The foreign currency exchange contracts presented above represent the Fund's total exposure in such contracts, whereas only the net unrealized appreciation (depreciation) is reflected in the Fund's net assets.
Summary of abbreviations: |
JPMCB – JPMorgan Chase Bank |
Summary of currencies: |
BRL – Brazilian Real |
CLP – Chilean Peso |
CNH – Chinese Yuan Renminbi |
COP – Colombian Peso |
CZK – Czech Koruna |
DOP – Dominican Peso |
EGP – Egypt Pound |
HUF – Hungarian Forint |
IDR – Indonesian Rupiah |
MXN – Mexican Peso |
MYR – Malaysian Ringgit |
PEN – Peruvian Sol |
PLN – Polish Zloty |
RON – Romania Leu |
THB – Thai Baht |
TRY – Turkish Lira |
USD – US Dollar |
UYU – Uruguayan Peso |
ZAR – South African Rand |
NQ- IV011 [0623] 0823 (3049517) 3