Schedule of investments
Delaware Global Equity Fund II
December 31, 2023 (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks – 98.87%Δ | |||
Austria − 1.22% | |||
Mondi | 164,997 | $ 3,233,569 | |
3,233,569 | |||
Brazil − 2.59% | |||
Banco do Brasil | 424,113 | 4,836,055 | |
Petroleo Brasileiro ADR | 126,361 | 2,017,985 | |
6,854,040 | |||
Canada − 3.99% | |||
Alimentation Couche-Tard | 120,122 | 7,073,786 | |
Canadian Natural Resources | 53,636 | 3,513,936 | |
10,587,722 | |||
China − 2.82% | |||
China Mengniu Dairy † | 2,044,000 | 5,497,086 | |
Tencent Holdings | 52,900 | 1,989,043 | |
7,486,129 | |||
Denmark − 1.70% | |||
Genmab † | 14,124 | 4,507,415 | |
4,507,415 | |||
France − 7.99% | |||
Airbus | 41,932 | 6,470,532 | |
BNP Paribas | 77,934 | 5,384,946 | |
L'Oreal | 15,719 | 7,820,125 | |
TotalEnergies | 22,104 | 1,503,145 | |
21,178,748 | |||
Germany − 2.01% | |||
Deutsche Telekom | 222,242 | 5,336,233 | |
5,336,233 | |||
Hong Kong − 1.19% | |||
Prudential | 278,279 | 3,146,972 | |
3,146,972 | |||
India − 2.70% | |||
ICICI Bank ADR | 162,114 | 3,864,798 | |
State Bank of India GDR | 42,757 | 3,300,840 | |
7,165,638 | |||
Japan − 5.80% | |||
Asahi Group Holdings | 173,700 | 6,477,408 | |
ITOCHU | 84,100 | 3,439,750 | |
Mitsubishi UFJ Financial Group | 633,900 | 5,446,595 | |
15,363,753 | |||
Netherlands − 1.94% | |||
Adyen 144A #, † | 2,766 | 3,562,243 | |
Shell | 47,996 | 1,578,959 | |
5,141,202 | |||
Switzerland − 2.53% | |||
Nestle | 57,711 | 6,690,922 | |
6,690,922 | |||
Taiwan − 2.53% | |||
Taiwan Semiconductor Manufacturing ADR | 64,569 | 6,715,176 | |
6,715,176 |
Number of shares | Value (US $) | ||
Common StocksΔ (continued) | |||
United Kingdom − 4.14% | |||
AstraZeneca | 32,411 | $ 4,379,144 | |
Reckitt Benckiser Group | 95,526 | 6,599,512 | |
10,978,656 | |||
United States − 55.72% | |||
Alphabet Class A † | 51,496 | 7,193,476 | |
Amazon.com † | 65,289 | 9,920,011 | |
Apple | 42,958 | 8,270,704 | |
Aptiv † | 36,671 | 3,290,122 | |
Biogen † | 5,492 | 1,421,165 | |
Casey's General Stores | 25,919 | 7,120,986 | |
Coca-Cola | 109,650 | 6,461,674 | |
ConocoPhillips | 32,678 | 3,792,935 | |
Costco Wholesale | 11,925 | 7,871,454 | |
Danaher | 13,436 | 3,108,284 | |
Eli Lilly & Co. | 9,042 | 5,270,763 | |
Home Depot | 9,803 | 3,397,230 | |
Ingersoll Rand | 59,771 | 4,622,689 | |
Intuit | 10,097 | 6,310,928 | |
KLA | 7,447 | 4,328,941 | |
Lam Research | 3,761 | 2,945,841 | |
Microchip Technology | 43,523 | 3,924,904 | |
Microsoft | 34,181 | 12,853,423 | |
Netflix † | 11,250 | 5,477,400 | |
NVIDIA | 10,009 | 4,956,657 | |
Pinterest Class A † | 166,497 | 6,167,049 | |
Procter & Gamble | 42,106 | 6,170,213 | |
Salesforce † | 23,925 | 6,295,625 | |
Synopsys † | 5,078 | 2,614,713 | |
Thermo Fisher Scientific | 5,821 | 3,089,729 | |
UnitedHealth Group | 10,422 | 5,486,870 | |
Vertex Pharmaceuticals † | 13,103 | 5,331,480 | |
147,695,266 | |||
Total Common Stocks (cost $245,557,451) | 262,081,441 |
Short-Term Investments – 0.64% | |||
Money Market Mutual Funds – 0.64% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 5.26%) | 426,400 | 426,400 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 5.25%) | 426,400 | 426,400 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 5.37%) | 426,400 | 426,400 |
NQ- IV059 [1223] 0224 (3377199) 1
Schedule of investments
Delaware Global Equity Fund II (Unaudited)
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%) | 426,401 | $ 426,401 | |
Total Short-Term Investments (cost $1,705,601) | 1,705,601 | ||
Total Value of Securities−99.51% (cost $247,263,052) | 263,787,042 | ||
Receivables and Other Assets Net of Liabilities — 0.49% | 1,306,163 |
Net Assets Applicable to 31,885,232 Shares Outstanding — 100.00% | $265,093,205 |
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 $3,562,243, which represents 1.34% of the Fund's net assets. |
Summary of abbreviations: |
ADR – American Depositary Receipt |
GDR – Global Depositary Receipt |
2 NQ- IV059 [1223] 0224 (3377199)