Schedule of investments
Delaware Ivy Smid Cap Core Fund
December 31, 2023 (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks — 99.18% | |||
Basic Materials — 7.78% | |||
Beacon Roofing Supply † | 50,022 | $ 4,352,914 | |
Boise Cascade | 38,206 | 4,942,328 | |
Huntsman | 168,925 | 4,245,085 | |
Kaiser Aluminum | 23,914 | 1,702,438 | |
Minerals Technologies | 55,005 | 3,922,407 | |
Reliance Steel & Aluminum | 15,544 | 4,347,346 | |
Westrock | 56,150 | 2,331,348 | |
25,843,866 | |||
Business Services — 4.98% | |||
ABM Industries | 50,411 | 2,259,925 | |
Aramark | 73,682 | 2,070,464 | |
ASGN † | 31,017 | 2,982,905 | |
Casella Waste Systems Class A † | 20,727 | 1,771,330 | |
Clean Harbors † | 16,089 | 2,807,691 | |
Vestis | 36,841 | 778,819 | |
WillScot Mobile Mini Holdings † | 86,632 | 3,855,124 | |
16,526,258 | |||
Capital Goods — 10.88% | |||
Ameresco Class A † | 33,821 | 1,071,111 | |
Applied Industrial Technologies | 6,525 | 1,126,802 | |
Carlisle | 10,840 | 3,386,741 | |
Chart Industries † | 12,526 | 1,707,670 | |
Coherent † | 53,593 | 2,332,903 | |
Federal Signal | 37,566 | 2,882,815 | |
Gates Industrial † | 69,598 | 934,005 | |
Graco | 29,047 | 2,520,118 | |
Kadant | 7,303 | 2,047,104 | |
KBR | 51,834 | 2,872,122 | |
Lincoln Electric Holdings | 19,987 | 4,346,373 | |
Quanta Services | 9,115 | 1,967,017 | |
Tetra Tech | 15,287 | 2,551,859 | |
WESCO International | 22,926 | 3,986,373 | |
Zurn Elkay Water Solutions | 81,424 | 2,394,680 | |
36,127,693 | |||
Consumer Discretionary — 5.37% | |||
BJ's Wholesale Club Holdings † | 38,153 | 2,543,279 | |
Dick's Sporting Goods | 28,532 | 4,192,777 | |
Five Below † | 21,737 | 4,633,459 | |
Malibu Boats Class A † | 43,796 | 2,400,897 | |
Steven Madden | 96,393 | 4,048,506 | |
17,818,918 | |||
Consumer Services — 2.36% | |||
Brinker International † | 47,043 | 2,031,317 | |
Jack in the Box | 15,786 | 1,288,611 | |
Texas Roadhouse | 21,571 | 2,636,623 | |
Wendy's | 95,830 | 1,866,769 | |
7,823,320 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Consumer Staples — 3.38% | |||
Casey's General Stores | 14,444 | $ 3,968,344 | |
Helen of Troy † | 12,521 | 1,512,662 | |
J & J Snack Foods | 16,398 | 2,740,762 | |
YETI Holdings † | 58,260 | 3,016,703 | |
11,238,471 | |||
Credit Cyclicals — 3.13% | |||
BorgWarner | 59,104 | 2,118,878 | |
KB Home | 31,918 | 1,993,598 | |
La-Z-Boy | 41,429 | 1,529,559 | |
Taylor Morrison Home † | 36,111 | 1,926,522 | |
Toll Brothers | 27,429 | 2,819,427 | |
10,387,984 | |||
Energy — 4.21% | |||
Chesapeake Energy | 64,628 | 4,972,478 | |
Liberty Energy | 286,758 | 5,201,790 | |
Southwestern Energy † | 583,619 | 3,822,705 | |
13,996,973 | |||
Financials — 13.40% | |||
Axis Capital Holdings | 51,366 | 2,844,135 | |
Columbia Banking System | 123,115 | 3,284,708 | |
East West Bancorp | 69,269 | 4,983,905 | |
Essent Group | 58,614 | 3,091,302 | |
Hamilton Lane Class A | 27,581 | 3,128,789 | |
Kemper | 66,502 | 3,236,652 | |
Primerica | 22,139 | 4,555,321 | |
Reinsurance Group of America | 24,068 | 3,893,721 | |
SouthState | 34,904 | 2,947,643 | |
Stifel Financial | 59,015 | 4,080,887 | |
Valley National Bancorp | 207,120 | 2,249,323 | |
Webster Financial | 77,881 | 3,953,240 | |
WSFS Financial | 49,171 | 2,258,424 | |
44,508,050 | |||
Healthcare — 14.17% | |||
Amicus Therapeutics † | 132,434 | 1,879,238 | |
Apellis Pharmaceuticals † | 40,979 | 2,453,003 | |
Azenta † | 31,788 | 2,070,670 | |
Bio-Techne | 33,169 | 2,559,320 | |
Blueprint Medicines † | 33,644 | 3,103,323 | |
Catalent † | 34,782 | 1,562,755 | |
Encompass Health | 37,556 | 2,505,736 | |
Exact Sciences † | 27,644 | 2,045,103 | |
Halozyme Therapeutics † | 60,937 | 2,252,232 | |
ICON † | 3,413 | 966,118 | |
Insmed † | 71,082 | 2,202,831 | |
Inspire Medical Systems † | 9,800 | 1,993,614 | |
Intra-Cellular Therapies † | 24,926 | 1,785,200 | |
Lantheus Holdings † | 30,104 | 1,866,448 | |
Ligand Pharmaceuticals † | 22,823 | 1,630,019 |
NQ- IV065 [1223] 0224 (3377207) 1
Schedule of investments
Delaware Ivy Smid Cap Core Fund (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Healthcare (continued) | |||
Natera † | 43,380 | $ 2,717,323 | |
Neurocrine Biosciences † | 29,832 | 3,930,664 | |
OmniAb 12.5 =, † | 10,854 | 0 | |
OmniAb 15 =, † | 10,854 | 0 | |
QuidelOrtho † | 16,892 | 1,244,940 | |
Repligen † | 14,790 | 2,659,242 | |
Shockwave Medical † | 11,383 | 2,169,145 | |
Supernus Pharmaceuticals † | 46,836 | 1,355,434 | |
Travere Therapeutics † | 71,304 | 641,023 | |
Ultragenyx Pharmaceutical † | 30,801 | 1,472,904 | |
47,066,285 | |||
Media — 1.72% | |||
IMAX † | 98,315 | 1,476,691 | |
Interpublic Group | 84,680 | 2,763,955 | |
Nexstar Media Group | 9,473 | 1,484,893 | |
5,725,539 | |||
Real Estate Investment Trusts — 6.91% | |||
Brixmor Property Group | 142,405 | 3,313,764 | |
Camden Property Trust | 33,782 | 3,354,215 | |
EastGroup Properties | 15,106 | 2,772,555 | |
First Industrial Realty Trust | 79,421 | 4,183,104 | |
Jones Lang LaSalle † | 11,128 | 2,101,745 | |
Kite Realty Group Trust | 129,405 | 2,958,198 | |
National Storage Affiliates Trust | 62,820 | 2,605,146 | |
Physicians Realty Trust | 125,235 | 1,666,878 | |
22,955,605 | |||
Technology — 15.68% | |||
Atkore † | 8,060 | 1,289,600 | |
Box Class A † | 46,717 | 1,196,422 | |
DoubleVerify Holdings † | 62,128 | 2,285,068 | |
Dynatrace † | 52,852 | 2,890,476 | |
ExlService Holdings † | 106,887 | 3,297,464 | |
Guidewire Software † | 25,715 | 2,803,964 | |
MACOM Technology Solutions Holdings † | 34,863 | 3,240,516 | |
MaxLinear † | 62,943 | 1,496,155 | |
Procore Technologies † | 32,378 | 2,241,205 | |
PTC † | 30,642 | 5,361,124 | |
Q2 Holdings † | 52,125 | 2,262,746 | |
Rapid7 † | 24,089 | 1,375,482 | |
Regal Rexnord | 15,523 | 2,297,715 | |
Semtech † | 72,485 | 1,588,146 | |
Silicon Laboratories † | 16,499 | 2,182,323 | |
Smartsheet Class A † | 53,479 | 2,557,366 | |
Sprout Social Class A † | 21,815 | 1,340,314 | |
SPS Commerce † | 4,429 | 858,517 | |
Tyler Technologies † | 1,707 | 713,731 | |
Varonis Systems † | 66,818 | 3,025,519 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Technology (continued) | |||
WNS Holdings ADR † | 45,270 | $ 2,861,064 | |
Workiva † | 15,031 | 1,526,097 | |
Yelp † | 50,852 | 2,407,334 | |
Ziff Davis † | 14,486 | 973,314 | |
52,071,662 | |||
Transportation — 3.59% | |||
Allegiant Travel | 14,497 | 1,197,597 | |
ArcBest | 5,201 | 625,212 | |
Kirby † | 42,663 | 3,348,192 | |
Knight-Swift Transportation Holdings | 52,871 | 3,048,013 | |
Saia † | 1,346 | 589,844 | |
Werner Enterprises | 56,498 | 2,393,821 | |
XPO † | 8,022 | 702,647 | |
11,905,326 | |||
Utilities — 1.62% | |||
Black Hills | 47,712 | 2,574,062 | |
Spire | 45,193 | 2,817,332 | |
5,391,394 | |||
Total Common Stocks (cost $290,502,377) | 329,387,344 | ||
Short-Term Investments — 0.96% | |||
Money Market Mutual Funds — 0.96% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 5.26%) | 802,235 | 802,235 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 5.25%) | 802,234 | 802,234 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 5.37%) | 802,234 | 802,234 | |
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 5.27%) | 802,233 | 802,233 | |
Total Short-Term Investments (cost $3,208,936) | 3,208,936 | ||
Total Value of Securities—100.14% (cost $293,711,313) | 332,596,280 | ||
Liabilities Net of Receivables and Other Assets—(0.14%) | (481,544) | ||
Net Assets Applicable to 20,895,247 Shares Outstanding—100.00% | $332,114,736 |
2 NQ- IV065 [1223] 0224 (3377207)
(Unaudited)
† | 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 [1223] 0224 (3377207) 3