Consolidated schedule of investments
| Delaware Ivy Wilshire Global Allocation Fund | September 30, 2023 (Unaudited) |
| Principal amount° | Value (US $) | ||
| Corporate Bond — 0.16% | |||
| Consumer Staples — 0.16% | |||
| COTA Series D 144A 4.896% 10/2/23 #, <<, =, † | 6,475,373 | $ 867,700 | |
| Total Corporate Bond (cost $6,474,525) | 867,700 | ||
| Number of shares | |||
| Common Stocks — 0.00% | |||
| Consumer Discretionary — 0.00% | |||
| Media Group Holdings Series H <<, =, † | 72,709 | 0 | |
| Media Group Holdings Series T <<, =, † | 9,113 | 0 | |
| 0 | |||
| Consumer Staples — 0.00% | |||
| COTA Series B <<, =, † | 51 | 0 | |
| 0 | |||
| Total Common Stocks (cost $69,630,936) | 0 | ||
| Affiliated Mutual Funds — 99.42%<< | |||
| Alternative / Specialty Fund — 1.95% | |||
| Delaware Global Real Estate Fund Class R6 | 1,325,848 | 10,540,490 | |
| 10,540,490 | |||
| Fixed Income Funds — 35.10% | |||
| Delaware Emerging Markets Debt Corporate Fund Institutional Class | 1,527,722 | 11,106,538 | |
| Delaware Ivy Core Bond Fund Class R6 | 5,593,578 | 49,055,680 | |
| Delaware Ivy Global Bond Fund Class R6 | 7,919,299 | 69,214,673 | |
| Delaware Ivy Government Securities Fund Class R6 | 7,114,950 | 32,657,619 | |
| Delaware Ivy Total Return Bond Fund Class R6 | 2,063,577 | 16,591,164 | |
| Delaware Limited-Term Diversified Income Fund Class R6 | 1,465,847 | 11,228,386 | |
| 189,854,060 | |||
| Global / International Equity Funds — 25.52% | |||
| Delaware Ivy International Core Equity Fund Class R6 | 4,983,970 | 95,592,542 | |
| Delaware Ivy International Value Fund Class R6 | 1,606,412 | 23,742,764 | |
| Delaware Ivy Systematic Emerging Markets Equity Fund Class R6 | 1,044,100 | 18,678,951 | |
| 138,014,257 | |||
| US Equity Funds — 36.85% | |||
| Delaware Ivy Core Equity Fund Class R6 | 2,496,972 | 45,869,387 | |
| Delaware Ivy Large Cap Growth Fund Class R6 | 2,156,113 | 64,748,075 | |
| Delaware Mid Cap Growth Equity Fund Class R6 | 204,383 | 5,099,356 | |
NQ- IWGAX [0923] 1123 (3218125) 1
Consolidated schedule of investments
Delaware Ivy Wilshire Global Allocation Fund (Unaudited)
| Number of shares | Value (US $) | ||
| Affiliated Mutual Funds (continued) | |||
| US Equity Funds (continued) | |||
| Delaware Opportunity Fund Class R6 | 172,206 | $ 5,284,994 | |
| Delaware Small Cap Core Fund Class R6 | 603,357 | 15,349,395 | |
| Delaware Value Fund Class R6 | 3,702,796 | 62,984,561 | |
| 199,335,768 | |||
| Total Affiliated Mutual Funds (cost $523,846,076) | 537,744,575 | ||
| Short-Term Investments — 0.50% | |||
| Money Market Mutual Funds — 0.50% | |||
| BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 5.24%) | 683,973 | 683,973 | |
| Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 5.23%) | 683,973 | 683,973 | |
| Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 5.37%) | 683,973 | 683,973 | |
| Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 5.27%) | 683,974 | 683,974 | |
| Total Short-Term Investments (cost $2,735,893) | 2,735,893 | ||
| Total Value of Securities—100.08% (cost $602,687,430) | 541,348,168 | ||
| Liabilities Net of Receivables and Other Assets—(0.08%) | (446,650) | ||
| Net Assets Applicable to 73,245,697 Shares Outstanding—100.00% | $540,901,518 | ||
| ° | 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 September 30, 2023, the aggregate value of Rule 144A securities was $867,700, which represents 0.16% of the Fund's net assets. |
| << | Affiliated company. |
| = | The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security. |
| † | Non-income producing security. |
| Summary of abbreviations: |
| USD – US Dollar |
2 NQ- IWGAX [0923] 1123 (3218125)