Schedule of investments
Delaware Real Estate Securities Fund
December 31, 2022 (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks — 98.50% | |||
Real Estate — 3.32% | |||
Americold Realty Trust | 132,621 | $ 3,754,501 | |
Mid-America Apartment Communities | 5,652 | 887,307 | |
Xenia Hotels & Resorts | 68,454 | 902,224 | |
5,544,032 | |||
REIT Healthcare — 9.18% | |||
Healthpeak Properties | 220,644 | 5,531,545 | |
Welltower | 149,540 | 9,802,347 | |
15,333,892 | |||
REIT Hotel — 2.07% | |||
Apple Hospitality REIT | 108,738 | 1,715,886 | |
Ryman Hospitality Properties | 21,284 | 1,740,605 | |
3,456,491 | |||
REIT Industrial — 12.56% | |||
First Industrial Realty Trust | 54,989 | 2,653,769 | |
Prologis | 127,906 | 14,418,843 | |
Rexford Industrial Realty | 63,007 | 3,442,703 | |
Summit Industrial Income REIT | 27,259 | 456,800 | |
20,972,115 | |||
REIT Information Technology — 11.75% | |||
American Tower | 7,859 | 1,665,008 | |
Digital Realty Trust | 78,170 | 7,838,106 | |
Equinix | 13,672 | 8,955,570 | |
SBA Communications | 4,159 | 1,165,809 | |
19,624,493 | |||
REIT Mall — 2.66% | |||
Simon Property Group | 37,834 | 4,444,738 | |
4,444,738 | |||
REIT Manufactured Housing — 5.10% | |||
Equity LifeStyle Properties | 50,815 | 3,282,649 | |
Sun Communities | 36,583 | 5,231,369 | |
8,514,018 | |||
REIT Multifamily — 10.77% | |||
Equity Residential | 106,899 | 6,307,041 | |
Essex Property Trust | 21,994 | 4,660,969 | |
Independence Realty Trust | 92,726 | 1,563,360 | |
UDR | 140,848 | 5,455,043 | |
17,986,413 | |||
REIT Office — 6.61% | |||
Alexandria Real Estate Equities | 55,155 | 8,034,429 | |
Boston Properties | 44,597 | 3,013,865 | |
11,048,294 | |||
REIT Self-Storage — 9.95% | |||
Extra Space Storage | 42,111 | 6,197,897 | |
Public Storage | 37,211 | 10,426,150 | |
16,624,047 | |||
REIT Shopping Center — 7.16% | |||
Federal Realty Investment Trust | 23,223 | 2,346,452 | |
Kimco Realty | 210,571 | 4,459,894 | |
Kite Realty Group Trust | 161,331 | 3,396,017 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
REIT Shopping Center (continued) | |||
NETSTREIT | 95,734 | $ 1,754,804 | |
11,957,167 | |||
REIT Single Family — 3.35% | |||
American Homes 4 Rent Class A | 110,844 | 3,340,838 | |
Invitation Homes | 76,138 | 2,256,731 | |
5,597,569 | |||
REIT Single Tenant — 13.66% | |||
Agree Realty | 49,161 | 3,486,990 | |
Realty Income | 130,806 | 8,297,024 | |
Spirit Realty Capital | 52,324 | 2,089,297 | |
VICI Properties | 276,187 | 8,948,459 | |
22,821,770 | |||
Telecommunication Services — 0.36% | |||
DigitalBridge Group | 54,171 | 592,631 | |
592,631 | |||
Total Common Stocks (cost $114,594,708) | 164,517,670 | ||
Short-Term Investments — 1.26% | |||
Money Market Mutual Funds — 1.26% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.03%) | 527,749 | 527,749 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.06%) | 527,749 | 527,749 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 4.23%) | 527,750 | 527,750 | |
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 4.11%) | 527,749 | 527,749 | |
Total Short-Term Investments (cost $2,110,997) | 2,110,997 | ||
Total Value of Securities—99.76% (cost $116,705,705) | 166,628,667 | ||
Receivables and Other Assets Net of Liabilities—0.24% | 403,105 | ||
Net Assets Applicable to 10,278,540 Shares Outstanding—100.00% | $167,031,772 |
NQ-IV063 [12/22] 2/23 (2747697) 1
Schedule of investments
Delaware Real Estate Securities Fund (Unaudited)
Foreign Currency Exchange Contracts | ||||||||||
Counterparty | Currency to Receive (Deliver) | In Exchange For | Settlement Date | Unrealized Depreciation | ||||||
BNYM | CAD | (168,529) | USD | 124,239 | 1/4/23 | $(231) |
The use of foreign currency exchange contracts involves elements of market risk and risks in excess of the amounts disclosed in the financial statements. The foreign currency exchange contract 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: |
BNYM – Bank of New York Mellon |
REIT – Real Estate Investment Trust |
Summary of currencies: |
CAD – Canadian Dollar |
USD – US Dollar |
2 NQ-IV063 [12/22] 2/23 (2747697)