Schedule of investments
Delaware Sustainable Equity Income Fund
December 31, 2023 (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks — 99.47% | |||
Communication Services — 4.90% | |||
AT&T | 22,631 | $ 379,748 | |
Comcast Class A | 13,543 | 593,861 | |
News Class B | 10,060 | 258,743 | |
T-Mobile US | 1,429 | 229,112 | |
Verizon Communications | 11,002 | 414,775 | |
Walt Disney | 5,619 | 507,339 | |
2,383,578 | |||
Consumer Discretionary — 4.90% | |||
Best Buy | 2,658 | 208,068 | |
Ford Motor | 15,937 | 194,272 | |
Gap | 4,352 | 91,000 | |
General Motors | 2,493 | 89,549 | |
Hilton Worldwide Holdings | 1,828 | 332,861 | |
Lowe's | 853 | 189,835 | |
McDonald's | 1,339 | 397,027 | |
NIKE Class B | 2,045 | 222,026 | |
Ralph Lauren | 1,205 | 173,761 | |
Rivian Automotive Class A † | 4,740 | 111,200 | |
Tapestry | 3,084 | 113,522 | |
Whirlpool | 1,073 | 130,659 | |
Yum! Brands | 1,006 | 131,444 | |
2,385,224 | |||
Consumer Staples — 7.48% | |||
Archer-Daniels-Midland | 2,644 | 190,950 | |
Campbell Soup | 1,779 | 76,906 | |
Coca-Cola | 6,237 | 367,546 | |
Colgate-Palmolive | 2,161 | 172,253 | |
Conagra Brands | 6,017 | 172,447 | |
Ingredion | 1,246 | 135,228 | |
J M Smucker | 883 | 111,594 | |
Kellanova | 2,089 | 116,796 | |
Keurig Dr Pepper | 4,268 | 142,210 | |
Mondelez International Class A | 4,258 | 308,407 | |
PepsiCo | 1,646 | 279,557 | |
Procter & Gamble | 5,265 | 771,533 | |
Target | 853 | 121,484 | |
Walgreens Boots Alliance | 6,171 | 161,125 | |
Walmart | 3,241 | 510,944 | |
3,638,980 | |||
Energy — 7.61% | |||
Baker Hughes | 10,082 | 344,603 | |
Chevron | 7,491 | 1,117,358 | |
ConocoPhillips | 6,335 | 735,303 | |
Devon Energy | 7,789 | 352,842 | |
Hess | 2,177 | 313,836 | |
Pioneer Natural Resources | 1,878 | 422,325 | |
Schlumberger | 8,002 | 416,424 | |
3,702,691 |
NQ- IV925 [1223] 0224 (3377352) 1
Schedule of investments
Delaware Sustainable Equity Income Fund (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Financials — 21.78% | |||
Aflac | 2,790 | $ 230,175 | |
Allstate | 1,508 | 211,090 | |
American Express | 2,342 | 438,750 | |
American International Group | 3,595 | 243,561 | |
Aon Class A | 633 | 184,216 | |
Arthur J Gallagher & Co. | 1,346 | 302,688 | |
Bank of America | 16,910 | 569,360 | |
Bank of New York Mellon | 6,715 | 349,516 | |
BlackRock | 777 | 630,769 | |
Capital One Financial | 1,888 | 247,555 | |
Chubb | 1,497 | 338,322 | |
Citigroup | 6,558 | 337,344 | |
Fifth Third Bancorp | 8,137 | 280,645 | |
Goldman Sachs Group | 1,525 | 588,299 | |
Hartford Financial Services Group | 2,162 | 173,782 | |
Huntington Bancshares | 22,284 | 283,452 | |
JPMorgan Chase & Co. | 7,316 | 1,244,452 | |
Lazard Class A | 3,963 | 137,912 | |
MetLife | 3,053 | 201,895 | |
Moody's | 672 | 262,456 | |
MSCI | 243 | 137,453 | |
Nasdaq | 4,058 | 235,932 | |
Northern Trust | 3,197 | 269,763 | |
PNC Financial Services Group | 2,110 | 326,734 | |
Popular | 2,007 | 164,714 | |
S&P Global | 1,648 | 725,977 | |
State Street | 2,767 | 214,332 | |
Synchrony Financial | 6,858 | 261,907 | |
T Rowe Price Group | 3,317 | 357,208 | |
US Bancorp | 6,271 | 271,409 | |
Voya Financial | 3,364 | 245,437 | |
Western Union | 11,170 | 133,146 | |
10,600,251 | |||
Healthcare — 14.65% | |||
Abbott Laboratories | 4,666 | 513,587 | |
Amgen | 477 | 137,386 | |
Becton Dickinson and Co. | 1,112 | 271,139 | |
Boston Scientific † | 5,669 | 327,725 | |
Bristol-Myers Squibb | 6,804 | 349,113 | |
Cigna Group | 1,084 | 324,604 | |
CVS Health | 4,457 | 351,925 | |
Danaher | 2,128 | 492,292 | |
Elevance Health | 720 | 339,523 | |
Gilead Sciences | 4,221 | 341,943 | |
Johnson & Johnson | 6,591 | 1,033,073 | |
McKesson | 434 | 200,933 | |
Medtronic | 5,457 | 449,548 | |
Merck & Co. | 5,976 | 651,504 | |
Pfizer | 16,069 | 462,626 |
2 NQ- IV925 [1223] 0224 (3377352)
(Unaudited)
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Healthcare (continued) | |||
Regeneron Pharmaceuticals † | 314 | $ 275,783 | |
Thermo Fisher Scientific | 555 | 294,588 | |
UnitedHealth Group | 590 | 310,617 | |
7,127,909 | |||
Industrials — 13.60% | |||
3M | 3,331 | 364,145 | |
AECOM | 1,852 | 171,180 | |
Automatic Data Processing | 676 | 157,488 | |
Carlisle | 597 | 186,521 | |
Cummins | 877 | 210,103 | |
Dover | 1,663 | 255,786 | |
Eaton | 1,450 | 349,189 | |
Emerson Electric | 3,389 | 329,851 | |
FedEx | 1,042 | 263,595 | |
Fortive | 2,368 | 174,356 | |
General Electric | 4,282 | 546,512 | |
Ingersoll Rand | 3,390 | 262,182 | |
Johnson Controls International | 3,214 | 185,255 | |
KBR | 2,693 | 149,219 | |
Lennox International | 286 | 127,991 | |
Norfolk Southern | 893 | 211,087 | |
Oshkosh | 915 | 99,195 | |
Otis Worldwide | 2,263 | 202,471 | |
Owens Corning | 1,278 | 189,438 | |
PACCAR | 3,507 | 342,458 | |
Parker-Hannifin | 1,001 | 461,161 | |
Republic Services | 1,524 | 251,323 | |
Union Pacific | 1,211 | 297,446 | |
United Parcel Service Class B | 1,846 | 290,246 | |
Waste Management | 779 | 139,519 | |
Westinghouse Air Brake Technologies | 1,854 | 235,272 | |
Xylem | 1,449 | 165,708 | |
6,618,697 | |||
Information Technology — 9.74% | |||
Advanced Micro Devices † | 2,630 | 387,688 | |
Analog Devices | 2,033 | 403,672 | |
Applied Materials | 871 | 141,163 | |
Cisco Systems | 12,886 | 651,001 | |
Cognizant Technology Solutions Class A | 3,076 | 232,330 | |
Hewlett Packard Enterprise | 11,023 | 187,170 | |
Intel | 11,349 | 570,287 | |
International Business Machines | 3,178 | 519,762 | |
Marvell Technology | 3,158 | 190,459 | |
Micron Technology | 3,073 | 262,250 | |
NetApp | 1,305 | 115,049 | |
Okta † | 1,392 | 126,018 | |
ON Semiconductor † | 2,037 | 170,151 | |
Oracle | 3,076 | 324,303 | |
Salesforce † | 1,360 | 357,870 |
NQ- IV925 [1223] 0224 (3377352) 3
Schedule of investments
Delaware Sustainable Equity Income Fund (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Information Technology (continued) | |||
Western Digital † | 1,935 | $ 101,336 | |
4,740,509 | |||
Materials — 4.95% | |||
Air Products and Chemicals | 800 | 219,040 | |
Amcor | 17,640 | 170,050 | |
AptarGroup | 1,132 | 139,938 | |
CF Industries Holdings | 1,833 | 145,723 | |
Corteva | 2,413 | 115,631 | |
Dow | 4,783 | 262,300 | |
DuPont de Nemours | 2,082 | 160,168 | |
Freeport-McMoRan | 6,983 | 297,266 | |
International Flavors & Fragrances | 1,815 | 146,960 | |
LyondellBasell Industries Class A | 3,321 | 315,761 | |
Newmont | 3,916 | 162,083 | |
PPG Industries | 1,023 | 152,990 | |
Sonoco Products | 2,195 | 122,635 | |
2,410,545 | |||
Real Estate — 5.11% | |||
AvalonBay Communities | 756 | 141,538 | |
Brixmor Property Group | 5,915 | 137,642 | |
CBRE Group Class A † | 851 | 79,220 | |
Digital Realty Trust | 1,432 | 192,719 | |
Equinix | 205 | 165,105 | |
Equity Residential | 2,256 | 137,977 | |
Healthpeak Properties | 10,244 | 202,831 | |
Host Hotels & Resorts | 5,274 | 102,685 | |
Iron Mountain | 2,256 | 157,875 | |
Kilroy Realty | 3,577 | 142,508 | |
Prologis | 3,295 | 439,223 | |
Regency Centers | 1,930 | 129,310 | |
Rexford Industrial Realty | 2,411 | 135,257 | |
Simon Property Group | 1,472 | 209,966 | |
UDR | 2,888 | 110,581 | |
2,484,437 | |||
Utilities — 4.75% | |||
Alliant Energy | 3,933 | 201,763 | |
American Electric Power | 2,977 | 241,792 | |
American Water Works | 1,493 | 197,061 | |
Avangrid | 6,039 | 195,724 | |
Dominion Energy | 4,739 | 222,733 | |
Edison International | 3,692 | 263,941 | |
Entergy | 2,064 | 208,856 | |
Eversource Energy | 3,492 | 215,526 | |
Public Service Enterprise Group | 4,114 | 251,571 |
4 NQ- IV925 [1223] 0224 (3377352)
(Unaudited)
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Utilities (continued) | |||
Southern | 4,433 | $ 310,842 | |
2,309,809 | |||
Total Common Stocks (cost $41,266,922) | 48,402,630 | ||
Total Value of Securities—99.47% (cost $41,266,922) | 48,402,630 | ||
Receivables and Other Assets Net of Liabilities—0.53% | 258,261 | ||
Net Assets Applicable to 9,241,724 Shares Outstanding—100.00% | $48,660,891 |
† | Non-income producing security. |
Summary of abbreviations: |
MSCI – Morgan Stanley Capital International |
S&P – Standard & Poor’s Financial Services LLC |
NQ- IV925 [1223] 0224 (3377352) 5