Schedule of investments
Delaware Ivy International Core Equity Fund
December 31, 2023 (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks – 95.51%Δ | |||
Austria − 1.80% | |||
Mondi | 1,211,231 | $ 23,737,395 | |
23,737,395 | |||
Brazil − 5.89% | |||
Banco do Brasil | 3,338,636 | 38,069,633 | |
MercadoLibre † | 25,201 | 39,604,379 | |
77,674,012 | |||
Canada − 2.97% | |||
Dollarama | 543,433 | 39,162,611 | |
39,162,611 | |||
China − 8.04% | |||
Alibaba Group Holding ADR | 199,802 | 15,486,653 | |
Budweiser Brewing 144A # | 9,669,800 | 18,104,947 | |
China Mengniu Dairy † | 5,157,000 | 13,869,117 | |
H World Group ADR | 750,088 | 25,082,943 | |
JD.com ADR | 547,859 | 15,827,646 | |
SITC International Holdings | 3,588,000 | 6,194,050 | |
Tencent Holdings | 306,400 | 11,520,656 | |
106,086,012 | |||
Denmark − 3.89% | |||
Genmab † | 69,491 | 22,176,774 | |
Novo Nordisk Class B | 281,119 | 29,062,327 | |
51,239,101 | |||
France − 14.11% | |||
Airbus | 226,311 | 34,922,080 | |
BNP Paribas | 399,954 | 27,635,314 | |
L'Oreal | 31,473 | 15,657,662 | |
LVMH Moet Hennessy Louis Vuitton | 33,218 | 26,901,854 | |
Thales | 215,451 | 31,859,623 | |
TotalEnergies | 404,827 | 27,529,580 | |
Vinci | 171,669 | 21,547,741 | |
186,053,854 | |||
Germany − 7.53% | |||
Deutsche Telekom | 1,445,714 | 34,712,912 | |
Heidelberg Materials | 149,499 | 13,358,291 | |
HelloFresh † | 418,786 | 6,615,782 | |
SAP | 193,966 | 29,866,680 | |
Siemens | 78,664 | 14,756,044 | |
99,309,709 | |||
Hong Kong − 1.54% | |||
Prudential | 1,800,978 | 20,366,711 | |
20,366,711 | |||
India − 7.24% | |||
Axis Bank | 1,975,626 | 26,170,345 | |
Bharti Airtel | 1,469,271 | 18,225,132 | |
ICICI Bank | 2,268,819 | 27,172,252 |
Number of shares | Value (US $) | ||
Common StocksΔ (continued) | |||
India (continued) | |||
NTPC | 6,401,417 | $ 23,935,959 | |
95,503,688 | |||
Ireland − 0.59% | |||
Experian | 190,693 | 7,783,000 | |
7,783,000 | |||
Japan − 12.28% | |||
Asahi Group Holdings | 693,700 | 25,868,614 | |
Mitsubishi UFJ Financial Group | 3,840,700 | 33,000,057 | |
Mitsui Chemicals | 671,800 | 19,925,302 | |
Renesas Electronics † | 1,720,800 | 31,108,647 | |
Seven & i Holdings | 586,600 | 23,276,787 | |
Tokio Marine Holdings | 1,149,853 | 28,778,945 | |
161,958,352 | |||
Netherlands − 7.36% | |||
Adyen 144A #, † | 18,679 | 24,056,088 | |
ASML Holding | 29,007 | 21,829,587 | |
ING Groep | 1,686,663 | 25,185,298 | |
Shell | 789,793 | 25,982,381 | |
97,053,354 | |||
Republic of Korea − 3.41% | |||
LG | 202,094 | 13,429,996 | |
Samsung Electronics | 520,413 | 31,587,425 | |
45,017,421 | |||
Singapore − 0.71% | |||
Sea ADR † | 230,028 | 9,316,134 | |
9,316,134 | |||
Spain − 2.14% | |||
Banco Bilbao Vizcaya Argentaria | 3,108,234 | 28,226,161 | |
28,226,161 | |||
Switzerland − 3.15% | |||
Alcon | 366,726 | 28,648,635 | |
Nestle | 111,044 | 12,874,265 | |
41,522,900 | |||
Taiwan − 2.46% | |||
Taiwan Semiconductor Manufacturing | 1,681,000 | 32,480,181 | |
32,480,181 | |||
United Kingdom − 5.60% | |||
AstraZeneca ADR | 342,327 | 23,055,724 | |
Haleon | 4,687,922 | 19,220,066 | |
HSBC Holdings | 1,807,539 | 14,641,790 | |
Reckitt Benckiser Group | 245,844 | 16,984,386 | |
73,901,966 | |||
United States − 4.80% | |||
Freshworks Class A † | 320,496 | 7,528,451 |
NQ- IV961 [1223] 0224 (3377558) 1
Schedule of investments
Delaware Ivy International Core Equity Fund (Unaudited)
Number of shares | Value (US $) | ||
Common StocksΔ (continued) | |||
United States (continued) | |||
Newmont | 404,020 | $ 16,722,885 | |
Schlumberger | 127,576 | 6,639,055 | |
Seagate Technology Holdings | 77,300 | ���6,599,101 | |
Stellantis | 1,106,375 | 25,826,137 | |
63,315,629 | |||
Total Common Stocks (cost $1,067,913,037) | 1,259,708,191 | ||
Preferred Stocks – 2.37% | |||
Brazil − 1.56% | |||
Petroleo Brasileiro 8.19% ω | 2,682,546 | 20,565,303 | |
20,565,303 | |||
Germany − 0.81% | |||
Sartorius 0.45% ω | 29,175 | 10,731,619 | |
10,731,619 | |||
Total Preferred Stocks (cost $26,461,410) | 31,296,922 |
Short-Term Investments – 1.35% | |||
Money Market Mutual Funds – 1.35% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 5.26%) | 4,437,741 | 4,437,741 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 5.25%) | 4,437,743 | 4,437,743 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 5.37%) | 4,437,743 | 4,437,743 |
Number ofshares | Value (US $) | ||
Short-Term Investments (continued) | |||
Money Market Mutual Funds (continued) | |||
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 5.27%) | 4,437,743 | $ 4,437,743 | |
Total Short-Term Investments (cost $17,750,970) | 17,750,970 | ||
Total Value of Securities−99.23% (cost $1,112,125,417) | 1,308,756,083 | ||
Receivables and Other Assets Net of Liabilities — 0.77% | 10,136,002 |
Net Assets Applicable to 66,232,381 Shares Outstanding — 100.00% | $1,318,892,085 |
Δ | Securities have been classified by country of risk. |
† | Non-income producing security. |
# | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At December 31, 2023, the aggregate value of Rule 144A securities was $42,161,035, which represents 3.20% of the Fund's net assets. |
ω | Perpetual security with no stated maturity date. |
Summary of abbreviations: |
ADR – American Depositary Receipt |
2 NQ- IV961 [1223] 0224 (3377558)