Schedule of investments
Delaware Ivy Natural Resources Fund
June 30, 2024 (Unaudited)
Number of shares | Value (US $) | ||
Closed-Ended Trust — 1.84% | |||
Sprott Physical Uranium Trust † | 193,840 | $ 3,593,277 | |
Total Closed-Ended Trust (cost $2,325,168) | 3,593,277 |
Common Stocks — 97.79% | |||
Agricultural Products — 2.08% | |||
Bunge Global | 38,115 | 4,069,539 | |
4,069,539 | |||
Agriculture — 1.59% | |||
Darling Ingredients † | 84,787 | 3,115,922 | |
3,115,922 | |||
Aluminum — 3.10% | |||
Alcoa | 152,349 | 6,060,443 | |
6,060,443 | |||
Construction & Engineering — 1.99% | |||
Arcosa | 46,662 | 3,892,077 | |
3,892,077 | |||
Construction Materials — 3.83% | |||
CRH | 100,422 | 7,484,586 | |
7,484,586 | |||
Copper — 2.61% | |||
ERO Copper † | 239,203 | 5,112,602 | |
5,112,602 | |||
Diversified Metals & Mining — 14.91% | |||
Anglo American | 313,880 | 9,927,328 | |
China Metal Recycling Holdings =, † | 30,000,000 | 0 | |
Glencore | 1,330,491 | 7,586,932 | |
Hudbay Minerals | 780,548 | 7,063,960 | |
Lifezone Metals † | 173,600 | 1,333,248 | |
MP Materials † | 253,980 | 3,233,165 | |
29,144,633 | |||
Electrical Components & Equipment — 0.90% | |||
Sunrun † | 147,598 | 1,750,512 | |
1,750,512 | |||
Fertilizers & Agricultural Chemicals — 8.04% | |||
CF Industries Holdings | 127,166 | 9,425,544 | |
Nutrien | 123,743 | 6,299,756 | |
15,725,300 | |||
Forest Products — 3.42% | |||
Louisiana-Pacific | 47,294 | 3,893,715 | |
West Fraser Timber | 36,270 | 2,785,636 | |
6,679,351 | |||
Gold — 14.34% | |||
Endeavour Mining | 333,149 | 7,100,313 | |
Newmont | 318,773 | 13,347,026 | |
Wheaton Precious Metals | 144,752 | 7,587,900 | |
28,035,239 |
Number ofshares | Value (US $) | ||
Common Stocks (continued) | |||
Heavy Electrical Equipment — 0.55% | |||
Net Power † | 109,767 | $ 1,079,010 | |
1,079,010 | |||
Industrial Gases — 1.08% | |||
Air Products and Chemicals | 8,203 | 2,116,784 | |
2,116,784 | |||
Integrated Oil & Gas — 8.86% | |||
Shell | 374,346 | 13,410,793 | |
Unit | 107,325 | 3,917,363 | |
17,328,156 | |||
Oil & Gas Drilling — 2.42% | |||
Valaris † | 63,407 | 4,723,822 | |
4,723,822 | |||
Oil & Gas Equipment & Services — 4.74% | |||
Schlumberger | 196,508 | 9,271,247 | |
9,271,247 | |||
Oil & Gas Exploration & Production — 16.14% | |||
ARC Resources | 110,029 | 1,963,238 | |
Chesapeake Energy | 57,761 | 4,747,377 | |
Chord Energy | 35,062 | 5,879,196 | |
Granite Ridge Resources | 186,276 | 1,179,127 | |
Kimbell Royalty Partners | 382,242 | 6,253,479 | |
Parex Resources | 113,193 | 1,813,670 | |
Permian Resources | 355,616 | 5,743,198 | |
Tourmaline Oil | 87,643 | 3,975,182 | |
31,554,467 | |||
Oil & Gas Refining & Marketing — 2.05% | |||
Valero Energy | 25,582 | 4,010,234 | |
4,010,234 | |||
Paper Products — 1.68% | |||
Sylvamo | 47,811 | 3,279,835 | |
3,279,835 | |||
Renewable Electricity — 0.54% | |||
Spruce Power Holding † | 289,188 | 1,055,536 | |
1,055,536 | |||
Specialty Chemicals — 2.45% | |||
Corteva | 88,908 | 4,795,698 | |
4,795,698 | |||
Steel — 0.47% | |||
Metallus † | 45,532 | 922,934 | |
922,934 | |||
Total Common Stocks (cost $211,554,105) | 191,207,927 | ||
Short-Term Investments — 0.12% | |||
Money Market Mutual Funds — 0.12% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 5.21%) | 56,846 | 56,846 |
NQ- IV955 [0624] 0824 (3775163) 1
Schedule of investments
Delaware Ivy Natural Resources Fund (Unaudited)
Number ofshares | Value (US $) | ||
Short-Term Investments (continued) | |||
Money Market Mutual Funds (continued) | |||
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 5.21%) | 56,846 | $ 56,846 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 5.35%) | 56,846 | 56,846 | |
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 5.22%) | 56,847 | 56,847 | |
Total Short-Term Investments (cost $227,385) | 227,385 | ||
Total Value of Securities—99.75% (cost $214,106,658) | 195,028,589 | ||
Receivables and Other Assets Net of Liabilities—0.25% | 487,621 | ||
Net Assets Applicable to 11,808,155 Shares Outstanding—100.00% | $195,516,210 |
† | Non-income producing security. |
= | The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security. |
2 NQ- IV955 [0624] 0824 (3775163)