Schedule of investments
Delaware Ivy International Core Equity Fund
June 30, 2024 (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks – 97.37%Δ | |||
Austria − 1.85% | |||
Mondi | 1,520,186 | $ 29,180,515 | |
29,180,515 | |||
Brazil − 5.22% | |||
Banco do Brasil | 6,988,075 | 33,289,644 | |
MercadoLibre † | 29,982 | 49,272,419 | |
82,562,063 | |||
Canada − 3.48% | |||
Dollarama | 602,842 | 55,042,575 | |
55,042,575 | |||
China − 2.54% | |||
Alibaba Group Holding ADR | 187,255 | 13,482,360 | |
Budweiser Brewing 144A # | 11,504,500 | 13,553,684 | |
H World Group ADR | 395,768 | 13,186,990 | |
40,223,034 | |||
Denmark − 3.77% | |||
Genmab † | 47,840 | 11,987,651 | |
Novo Nordisk Class B | 329,920 | 47,641,056 | |
59,628,707 | |||
France − 14.23% | |||
Airbus | 269,254 | 36,984,742 | |
BNP Paribas | 548,091 | 34,942,804 | |
L'Oreal | 48,891 | 21,470,143 | |
LVMH Moet Hennessy Louis Vuitton | 33,938 | 25,936,435 | |
Thales | 256,332 | 41,040,554 | |
TotalEnergies | 519,528 | 34,679,696 | |
Vinci | 283,134 | 29,831,015 | |
224,885,389 | |||
Germany − 11.15% | |||
Deutsche Telekom | 1,720,026 | 43,251,612 | |
Heidelberg Materials | 177,867 | 18,442,919 | |
KION Group | 660,211 | 27,638,701 | |
SAP | 232,407 | 47,170,822 | |
Siemens | 130,469 | 24,273,162 | |
Siemens Healthineers 144A # | 269,769 | 15,543,310 | |
176,320,526 | |||
India − 7.74% | |||
Axis Bank | 2,350,478 | 35,664,126 | |
Bharti Airtel | 1,496,485 | 25,915,145 | |
HDFC Bank | 1,814,820 | 36,645,707 | |
NTPC | 5,313,662 | 24,109,417 | |
122,334,395 | |||
Ireland − 2.79% | |||
Experian | 340,984 | 15,888,056 | |
ICON † | 90,126 | 28,251,797 | |
44,139,853 |
Number of shares | Value (US $) | ||
Common StocksΔ (continued) | |||
Japan − 11.81% | |||
Asahi Group Holdings | 825,500 | $ 29,117,487 | |
Mitsubishi UFJ Financial Group | 3,926,600 | 42,197,100 | |
Nintendo | 489,400 | 26,025,896 | |
Renesas Electronics | 1,636,700 | 30,609,922 | |
Seven & i Holdings | 2,709,700 | 33,010,206 | |
Tokio Marine Holdings | 687,453 | 25,658,246 | |
186,618,857 | |||
Netherlands − 7.34% | |||
Adyen 144A #, † | 22,221 | 26,491,466 | |
ASML Holding | 34,512 | 35,637,436 | |
ING Groep | 959,743 | 16,406,331 | |
Shell | 1,044,228 | 37,569,825 | |
116,105,058 | |||
Singapore − 1.87% | |||
Sea ADR † | 414,730 | 29,620,017 | |
29,620,017 | |||
South Korea − 4.42% | |||
KB Financial Group | 661,204 | 37,707,602 | |
SK Hynix † | 187,350 | 32,189,085 | |
69,896,687 | |||
Spain − 2.24% | |||
Banco Bilbao Vizcaya Argentaria | 3,538,440 | 35,439,332 | |
35,439,332 | |||
Switzerland − 3.21% | |||
Alcon | 309,515 | 27,571,596 | |
Nestle | 226,785 | 23,151,784 | |
50,723,380 | |||
Taiwan − 4.27% | |||
Taiwan Semiconductor Manufacturing | 2,266,000 | 67,473,945 | |
67,473,945 | |||
United Kingdom − 5.97% | |||
AstraZeneca ADR | 274,349 | 21,396,479 | |
Compass Group | 577,234 | 15,761,120 | |
Haleon | 3,820,616 | 15,580,421 | |
HSBC Holdings | 2,150,500 | 18,591,459 | |
Rentokil Initial | 3,940,858 | 22,975,317 | |
94,304,796 | |||
United States − 3.47% | |||
Freshworks Class A † | 1,251,592 | 15,882,703 | |
Schlumberger | 414,741 | 19,567,480 |
NQ- IV961 [0624] 0824 (3775167) 1
Schedule of investments
Delaware Ivy International Core Equity Fund (Unaudited)
Number of shares | Value (US $) | ||
Common StocksΔ (continued) | |||
United States (continued) | |||
Stellantis | 976,797 | $ 19,327,757 | |
54,777,940 | |||
Total Common Stocks (cost $1,249,592,029) | 1,539,277,069 | ||
Preferred Stock – 1.37%Δ | |||
Brazil − 1.37% | |||
Petroleo Brasileiro 14.18% ω | 3,191,528 | 21,723,697 | |
Total Preferred Stock (cost $21,177,123) | 21,723,697 |
Short-Term Investments – 0.47% | |||
Money Market Mutual Funds – 0.47% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 5.21%) | 1,830,491 | 1,830,491 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 5.21%) | 1,830,491 | 1,830,491 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 5.35%) | 1,830,492 | 1,830,492 | |
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 5.22%) | 1,830,492 | 1,830,492 | |
Total Short-Term Investments (cost $7,321,966) | 7,321,966 | ||
Number of shares | Value (US $) | ||
Total Value of Securities−99.21% (cost $1,278,091,118) | 1,568,322,732 | ||
Receivables and Other Assets Net of Liabilities — 0.79% | 12,548,505 |
Net Assets Applicable to 74,965,108 Shares Outstanding — 100.00% | $1,580,871,237 |
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 June 30, 2024, the aggregate value of Rule 144A securities was $55,588,460, which represents 3.52% of the Fund’s net assets. |
ω | Perpetual security with no stated maturity date. |
Summary of abbreviations: |
ADR – American Depositary Receipt |
2 NQ- IV961 [0624] 0824 (3775167)