Delaware Investments Dividend and Income Fund (DDF) NPORT-P Delaware Investments Dividend & Income Fund, Inc (Feb 2020 report)

Schedule of investments

Delaware Investments^®Dividend and Income Fund, Inc.

February 29, 2020 (Unaudited)

	Number of		Value		Number of		Value
	shares		(US $)		shares		(US $)
Common Stock - 92.60%				Common Stock (continued)
Communication Services - 5.46%				Industrials (continued)
AT&T	58,000	$	2,042,760	Waste Management	18,400	$	2,038,904
Century Communications =†	500,000		0				5,887,888
Comcast Class A	2,666		107,786	Information Technology - 10.88%
Verizon Communications	34,600		1,873,936	Broadcom	7,100		1,935,602
			4,024,482	Cisco Systems	39,200		1,565,256
Consumer Discretionary - 5.32%				Intel	35,200		1,954,304
Dollar Tree †	22,500		1,868,175	Microsoft	3,431		555,856
Lowe’s	19,300		2,056,801	Oracle	40,700		2,013,022
			3,924,976				8,024,040
Consumer Staples - 7.63%				Materials - 2.21%
Archer-Daniels-Midland	46,700		1,758,255	DuPont de Nemours	38,032		1,631,573
Conagra Brands	69,763		1,861,974				1,631,573
Mondelez International				REIT Healthcare - 0.62%
Class A	38,100		2,011,680	Healthpeak Properties	6,400		202,496
			5,631,909	Sabra Health Care REIT	3,000		58,650
Energy - 8.29%				Welltower	2,592		193,933
ConocoPhillips	33,400		1,617,228				455,079
Halliburton	85,259		1,445,993	REIT Hotel - 0.52%
Marathon Oil	160,000		1,324,800	MGM Growth Properties
Occidental Petroleum	52,700		1,725,398	Class A	6,299		180,781
			6,113,419	VICI Properties	8,069		202,209
Financials - 12.57%							382,990
Allstate	17,400		1,831,350	REIT Industrial - 0.21%
American International				Prologis	1,822		153,558
Group	39,900		1,682,184
Bank of New York Mellon	46,200		1,843,380				153,558
Hercules Capital	7,218		95,278	REIT Mall - 0.20%
Marsh & McLennan	19,500		2,038,920	Simon Property Group	1,193		146,834
Truist Financial	38,600		1,781,004				146,834
			9,272,116	REIT Manufactured Housing - 0.35%
Healthcare - 21.43%				Sun Communities	1,689		258,214
Abbott Laboratories	24,700		1,902,641				258,214
Brookdale Senior Living †	343,155		2,254,528	REIT Mortgage - 0.47%
Cardinal Health	40,400		2,105,648	Annaly Capital Management	38,832		344,052
Cigna	10,608		1,940,628				344,052
CVS Health	29,200		1,728,056
Johnson & Johnson	15,000		2,017,200	REIT Multifamily - 3.79%
Merck & Co.	25,500		1,952,280	Bluerock Residential Growth
Pfizer	57,089		1,907,914	REIT	11,500		119,485
				Brookfield Property Partners	2		33
			15,808,895	Equity Residential	26,557		1,994,431
Industrials - 7.98%				Essential Properties Realty
Northrop Grumman	6,200		2,038,808	Trust	16,360		374,808
Raytheon	9,600		1,810,176	Grainger	14,052		53,734
				Invitation Homes	4,300		123,367

(continues)NQ-DDF [2/20] 4/20 (1139462) 1

Schedule of investments

Delaware Investments^®Dividend and Income Fund, Inc. (Unaudited)

	Number of		Value		Principal		Value
	shares		(US $)		amount°		(US $)
Common Stock (continued)				Convertible Bonds - 5.63%
REIT Multifamily (continued)				Capital Goods - 0.13%
NexPoint Residential Trust	3,000	$	133,500	Aerojet Rocketdyne Holdings 2.25%
			2,799,358	exercise price $26.00, maturity
REIT Office - 0.91%				date 12/15/23	51,000	$	98,434
Alpine Income Property Trust	13,727		252,577				98,434
Postal Realty Trust Class A	12,497		201,202	Communications - 0.80%
VEREIT	25,000		216,500	DISH Network 2.375% exercise
			670,279	price $82.22, maturity date
				3/15/24	181,000		168,949
REIT Self-Storage - 0.24%				GCI Liberty 144A 1.75% exercise
National Storage Affiliates				price $370.52, maturity date
Trust	5,361		180,880	9/30/46#	146,000		205,130
			180,880	InterDigital 144A 2.00% exercise
REIT Shopping Center - 0.50%				price $81.29, maturity date
Brixmor Property Group	12,308		224,129	6/1/24#	126,000		125,937
First Capital Real Estate				Liberty Media 2.25% exercise price
Investment Trust	5,504		82,094	$34.07, maturity date 9/30/46	170,000		92,266
SITE Centers	5,722		65,860				592,282
			372,083	Consumer Cyclical - 0.30%
REIT Single Tenant - 0.41%				Meritor 3.25% exercise price
Spirit Realty Capital	2,140		97,370	$39.92, maturity date 10/15/37	75,000		78,302
STORE Capital	6,200		203,732	Team 5.00% exercise price $21.70,
				maturity date 8/1/23	145,000		141,414
			301,102				219,716
Utilities - 2.61%				Consumer Non-Cyclical - 0.97%
Edison International	28,700		1,928,353	BioMarin Pharmaceutical 0.599%
			1,928,353	exercise price $124.67, maturity
				date 8/1/24	105,000		115,238
Total Common Stock				Chefs’ Warehouse 144A 1.875%
(cost $60,640,356)			68,312,080	exercise price $44.20, maturity
				date 12/1/24 #	61,000		60,352
Convertible Preferred Stock - 1.15%				Collegium Pharmaceutical 2.625%
AMG Capital Trust II 5.15%				exercise price $29.19, maturity
exercise price $195.47,				date 2/15/26	28,000		31,028
maturity date 10/15/37	2,953		137,316	Integra LifeSciences Holdings 144A
Bank of America 7.25%				0.50% exercise price $73.67,
exercise price $50.00y	96		144,000	maturity date 8/15/25 #	98,000		96,452
El Paso Energy Capital Trust I				Paratek Pharmaceuticals 4.75%
4.75% exercise price				exercise price $15.90, maturity
$34.49, maturity date				date 5/1/24	177,000		146,058
3/31/28	4,121		210,087	Vector Group 1.75% exercise price
Lyondellbasell Advanced				$20.27, maturity date 4/15/20•	262,000		263,440
Polymers 6.00% exercise
price $52.33y	199		207,756				712,568
QTS Realty Trust 6.50%				Electric - 0.18%
exercise price $46.94y	1,120		145,365	NRG Energy 2.75% exercise price
				$47.74, maturity date 6/1/48	128,000		135,649
Total Convertible Preferred Stock							135,649
(cost $707,495)			844,524

2 NQ-DDF [2/20] 4/20 (1139462)

(Unaudited)

	Principal		Value		Principal		Value
	amount°		(US $)		amount°		(US $)
Convertible Bonds (continued)				Convertible Bonds (continued)
Energy - 0.77%				Technology (continued)
Cheniere Energy 4.25% exercise				Quotient Technology 1.75% exercise
price $138.38, maturity date				price $17.36, maturity date
3/15/45	259,000	$	190,315	12/1/22	127,000	$	125,214
Helix Energy Solutions Group 4.25%				Retrophin 2.50% exercise price
exercise price $13.89, maturity				$38.80, maturity date 9/15/25	129,000		104,658
date 5/1/22	218,000		215,147	Synaptics 0.50% exercise price
PDC Energy 1.125% exercise price				$73.02, maturity date 6/15/22	49,000		54,936
$85.39, maturity date 9/15/21	172,000		159,664	Verint Systems 1.50% exercise price
			565,126	$64.46, maturity date 6/1/21	140,000		150,093
Financials - 0.36%				Vishay Intertechnology 2.25%
				exercise price $31.44, maturity
FTI Consulting 2.00% exercise price				date 6/15/25	113,000		112,085
$101.38, maturity date 8/15/23	89,000		112,799
GAIN Capital Holdings 5.00%							1,250,451
exercise price $8.20, maturity				Total Convertible Bonds
date 8/15/22	154,000		154,200	(cost $4,046,685)			4,155,935
			266,999
Industrials - 0.24%				Corporate Bonds - 39.35%
Chart Industries 144A 1.00%				Automotive - 0.63%
exercise price $58.73, maturity				Allison Transmission 144A 5.875%
date 11/15/24 #	85,000		99,545	6/1/29#	430,000		467,011
Dycom Industries 0.75% exercise							467,011
price $96.89, maturity date				Banking - 1.93%
9/15/21	80,000		75,439	Ally Financial 5.75% 11/20/25	435,000		492,050
			174,984	Credit Suisse Group 144A 6.25%
REIT -0.19%				#µy	200,000		215,611
Blackstone Mortgage Trust 4.75%				Popular 6.125% 9/14/23	280,000		294,466
exercise price $36.23, maturity				Royal Bank of Scotland Group
date 3/15/23	134,000		139,726	8.625% µy	400,000		423,910
			139,726				1,426,037
Technology - 1.69%				Basic Industry - 5.07%
Boingo Wireless 1.00% exercise				BMC East 144A 5.50% 10/1/24 #	125,000		129,114
price $42.32, maturity date				Boise Cascade 144A 5.625%
10/1/23	169,000		155,106	9/1/24#	275,000		284,739
CSG Systems International 4.25%				Chemours 5.375% 5/15/27	190,000		163,443
exercise price $56.87, maturity				FMG Resources August 2006
date 3/15/36	139,000		150,523	144A 4.75% 5/15/22#	105,000		107,044
Knowles 3.25% exercise price				144A 5.125% 5/15/24#	180,000		186,600
$18.43, maturity date 11/1/21	103,000		116,790	Freeport-McMoRan
Ligand Pharmaceuticals 0.75%				4.55% 11/14/24	170,000		172,479
exercise price $248.48, maturity				5.45% 3/15/43	185,000		179,931
date 5/15/23	87,000		75,926
ON Semiconductor 1.625% exercise				HD Supply 144A 5.375%
price $20.72, maturity date				10/15/26#	170,000		178,257
10/15/23	49,000		58,555	Hudbay Minerals 144A 7.625%
Pluralsight 144A 0.375% exercise				1/15/25#	180,000		173,775
price $38.76, maturity date				Joseph T Ryerson & Son 144A
3/1/24#	163,000		146,565	11.00% 5/15/22 #	110,000		114,401
				Koppers 144A 6.00% 2/15/25 #	215,000		212,310

(continues)NQ-DDF [2/20] 4/20 (1139462) 3

Schedule of investments

Delaware Investments^®Dividend and Income Fund, Inc. (Unaudited)

	Principal		Value		Principal		Value
	amount°		(US $)		amount°		(US $)
Corporate Bonds (continued)				Corporate Bonds (continued)
Basic Industry (continued)				Communications (continued)
Lennar				T-Mobile USA
4.50% 4/30/24	195,000	$	207,512	6.375% 3/1/25=	85,000	$	0
4.75% 5/30/25	95,000		102,858	6.50% 1/15/26	305,000		321,668
5.875% 11/15/24	80,000		87,569	6.50% 1/15/26=	220,000		0
NOVA Chemicals 144A 5.00%				Zayo Group
5/1/25#	130,000		127,021	144A 5.75% 1/15/27#	75,000		76,901
Olin				6.375% 5/15/25	250,000		256,146
5.00% 2/1/30	175,000		168,989				2,560,475
5.125% 9/15/27	195,000		196,954	Consumer Cyclical - 1.86%
PulteGroup 5.00% 1/15/27	100,000		110,020	AMC Entertainment Holdings
Standard Industries				6.125% 5/15/27	235,000		188,593
144A 4.75% 1/15/28#	335,000		345,528	KAR Auction Services 144A 5.125%
144A 6.00% 10/15/25#	50,000		52,375	6/1/25#	95,000		97,801
Steel Dynamics 5.00% 12/15/26	280,000		297,539	MGM Resorts International 5.75%
Univar Solutions USA 144A 5.125%				6/15/25	46,000		50,485
12/1/27#	140,000		141,687	Penn National Gaming 144A
			3,740,145	5.625% 1/15/27#	215,000		223,137
Capital Goods - 2.91%				Scientific Games International 144A
Ardagh Packaging Finance 144A				8.25% 3/15/26#	250,000		258,594
6.00% 2/15/25 #	240,000		250,800	William Carter 144A 5.625%
Ashtead Capital 144A 5.25%				3/15/27#	160,000		170,600
8/1/26#	530,000		569,333	Yum! Brands 144A 4.75%
Bombardier 144A 6.00%				1/15/30#	370,000		384,600
10/15/22#	325,000		319,109				1,373,810
Crown Americas 4.75% 2/1/26	285,000		294,718	Consumer Non-Cyclical - 2.52%
Mauser Packaging Solutions Holding				Aramark Services 144A 5.00%
144A 5.50% 4/15/24#	310,000		307,678	2/1/28#	345,000		360,732
144A 7.25% 4/15/25#	105,000		102,026	Cott Holdings 144A 5.50%
TransDigm 144A 6.25% 3/15/26 #	125,000		132,578	4/1/25#	260,000		266,608
Zekelman Industries 144A 9.875%				JBS USA
6/15/23#	165,000		173,064	144A 5.75% 6/15/25#	170,000		174,533
			2,149,306	144A 6.50% 4/15/29#	160,000		173,848
Communications - 3.47%				144A 6.75% 2/15/28#	20,000		21,723
Altice France 144A 7.375%				Pilgrim’s Pride
5/1/26#	420,000		441,231	144A 5.75% 3/15/25#	315,000		321,862
Front Range BidCo 144A 4.00%				144A 5.875% 9/30/27#	65,000		67,480
3/1/27#	350,000		340,594	Post Holdings
Level 3 Financing 144A 3.875%				144A 5.00% 8/15/26#	100,000		102,185
11/15/29#	267,000		283,754	144A 5.625% 1/15/28#	180,000		188,471
SBA Communications 4.875%				144A 5.75% 3/1/27 #	170,000		177,304
9/1/24	345,000		355,279				1,854,746
Sprint				Energy - 3.67%
7.125% 6/15/24	190,000		216,204	Cheniere Corpus Christi Holdings
7.625% 3/1/26	10,000		11,844	5.125% 6/30/27	40,000		43,508
7.875% 9/15/23	103,000		117,978	5.875% 3/31/25	80,000		88,978
Sprint Communications 7.00%
8/15/20	136,000		138,876	7.00% 6/30/24	200,000		226,576
				Cheniere Energy Partners 5.25%
				10/1/25	175,000		175,877

4 NQ-DDF [2/20] 4/20 (1139462)

(Unaudited)

	Principal		Value		Principal		Value
	amount°		(US $)		amount°		(US $)
Corporate Bonds (continued)				Corporate Bonds (continued)
Energy (continued)				Healthcare (continued)
Crestwood Midstream Partners				Tenet Healthcare
6.25% 4/1/23	225,000	$	214,264	8.125% 4/1/22	255,000	$	276,734
Energy Transfer Operating 5.50%							2,948,946
6/1/27	115,000		130,390
Genesis Energy 6.50% 10/1/25	40,000		33,788	Insurance - 1.65%
Hilcorp Energy I 144A 5.00%				Centene
12/1/24#	97,000		76,913	144A 3.375% 2/15/30#	245,000		245,306
Murphy Oil 5.875% 12/1/27	240,000		234,559	144A 4.625% 12/15/29 #	165,000		176,855
Murphy Oil USA 5.625% 5/1/27	415,000		439,756	144A 5.375% 8/15/26#	275,000		289,781
Newfield Exploration 5.375%				HUB International 144A 7.00%
1/1/26	275,000		291,849	5/1/26#	210,000		212,620
NuStar Logistics 5.625% 4/28/27	160,000		163,528	USI 144A 6.875% 5/1/25#	295,000		294,372
Precision Drilling 144A 7.125%							1,218,934
1/15/26#	40,000		37,034	Media - 4.71%
Southwestern Energy 7.75%				AMC Networks 4.75% 8/1/25	370,000		369,550
10/1/27	220,000		167,206	CCO Holdings
Summit Midstream Holdings 5.75%				144A 4.50% 8/15/30#	175,000		177,297
4/15/25	10,000		7,429	144A 5.125% 5/1/27#	120,000		124,986
Targa Resources Partners 5.375%				144A 5.375% 6/1/29#	170,000		181,314
2/1/27	300,000		308,055	144A 5.875% 5/1/27#	190,000		198,821
Transocean Proteus 144A 6.25%				CSC Holdings
12/1/24#	63,000		63,814
				6.75% 11/15/21	230,000		243,862
			2,703,524	144A 7.75% 7/15/25#	200,000		210,998
Financials - 0.92%				Gray Television
AerCap Global Aviation Trust 144A				144A 5.875% 7/15/26#	290,000		298,787
6.50% 6/15/45 #µ	200,000		215,520	144A 7.00% 5/15/27#	55,000		59,763
E*TRADE Financial 5.875%µy	425,000		462,853	Lamar Media 5.75% 2/1/26	167,000		173,997
			678,373	Netflix 5.875% 11/15/28	365,000		411,045
Healthcare - 4.00%				Sinclair Television Group 144A
Bausch Health 144A 5.50%				5.125% 2/15/27 #	195,000		194,093
11/1/25#	465,000		479,724	Sirius XM Radio
Charles River Laboratories				144A 5.00% 8/1/27 #	395,000		414,000
International				144A 5.375% 4/15/25#	205,000		210,723
144A 4.25% 5/1/28#	140,000		141,141	VTR Finance 144A 6.875%
144A 5.50% 4/1/26#	330,000		347,737	1/15/24#	200,000		204,333
CHS 144A 6.625% 2/15/25#	140,000		143,150				3,473,569
Encompass Health				Real Estate Investment Trusts - 0.81%
5.75% 11/1/24	173,000		174,888	ESH Hospitality
5.75% 9/15/25	120,000		124,450	144A 4.625% 10/1/27#	90,000		87,917
HCA				144A 5.25% 5/1/25 #	290,000		292,295
5.375% 2/1/25	405,000		448,572	GLP Capital 5.375% 4/15/26	110,000		124,369
5.875% 2/15/26	165,000		186,570	MGM Growth Properties Operating
7.58% 9/15/25	80,000		95,600	Partnership 5.75% 2/1/27	85,000		93,181
Hill-Rom Holdings 144A 5.00%							597,762
2/15/25#	180,000		187,221
Hologic 144A 4.625% 2/1/28 #	160,000		166,409	Services - 1.14%
Tenet Healthcare				Advanced Disposal Services 144A
5.125% 5/1/25	175,000		176,750	5.625% 11/15/24 #	215,000		224,839
				Covanta Holding 5.875% 7/1/25	210,000		215,862

(continues)NQ-DDF [2/20] 4/20 (1139462) 5

Schedule of investments

Delaware Investments^®Dividend and Income Fund, Inc. (Unaudited)

		Principal		Value		Number of		Value
		amount°		(US $)		shares		(US $)
Corporate Bonds (continued)					Preferred Stock (continued)
Services (continued)					Washington Prime Group
Prime Security Services Borrower					6.875%	979	$	15,077
144A 5.75% 4/15/26 #		220,000	$	229,212	Total Preferred Stock
Service Corp. International 4.625%					(cost $299,430)			309,036
12/15/27		159,000		166,922
				836,835	Short-Term Investments - 7.85%
Technology & Electronics - 2.46%					Money Market Mutual Funds - 7.85%
CDK Global					BlackRock
5.00% 10/15/24		175,000		190,171	FedFund - Institutional
5.875% 6/15/26		236,000		247,363	Shares (seven-day effective
CDW Finance 5.00% 9/1/25		95,000		98,077	yield 1.49%)	1,157,954		1,157,954
CommScope Technologies 144A					Fidelity Investments Money
5.00% 3/15/27 #		100,000		90,743	Market Government
Infor US 6.50% 5/15/22		185,000		185,882	Portfolio - Class I
Iron Mountain US Holdings 144A					(seven-day effective yield
5.375% 6/1/26 #		246,000		255,310	1.46%)	1,157,954		1,157,954
RP Crown Parent 144A 7.375%					GS Financial Square
10/15/24#		20,000		20,742	Government
					Fund - Institutional Shares
Sensata Technologies UK Financing					(seven-day effective yield
144A 6.25% 2/15/26 #		200,000		209,530	1.47%)	1,157,954		1,157,954
SS&C Technologies 144A 5.50%					Morgan Stanley Government
9/30/27#		490,000		516,644	Portfolio - Institutional
				1,814,462	Share Class (seven-day
Transportation - 0.09%					effective yield 1.45%)	1,157,954		1,157,954
Avis Budget Car Rental 144A					State Street Institutional US
6.375% 4/1/24 #		65,000		65,514	Government Money Market
					Fund - Investor Class
				65,514	(seven-day effective yield
Utilities - 1.51%					1.45%)	1,157,954		1,157,954
AES					Total Short-Term
5.50% 4/15/25		160,000		164,066	Investments
6.00% 5/15/26		25,000		25,770	(cost $5,789,770)			5,789,770
Calpine 144A 5.25% 6/1/26 #		190,000		188,803
Emera 6.75% 6/15/76 µ		180,000		208,954	Total Value of
Enel 144A 8.75% 9/24/73#µ		200,000		233,020	Securities - 147.00%
Vistra Operations					(cost $99,837,391)			108,436,544
144A 5.50% 9/1/26 #		205,000		207,855
144A 5.625% 2/15/27#		85,000		87,282	Borrowing Under Line of
				1,115,750	Credit - (47.45%)			(35,000,000	)
					Receivables and Other
Total Corporate Bonds					Assets Net of
(cost $28,353,655)				29,025,199	Liabilities - 0.45%			331,697
	Number of				Net Assets Applicable to
					7,688,158 Shares
		shares			Outstanding - 100.00%		$	73,768,241
Preferred Stock - 0.42%
Bank of America 6.50% µ		220,000		242,959	# Security exempt from registration under Rule 144A of the Securities
GMAC Capital Trust I					Act of 1933, as amended. At Feb. 29, 2020, the aggregate value
7.477% (LIBOR03M +					of Rule 144A securities was $17,518,414, which represents 23.75%
5.785%) 2/15/40•		2,000		51,000	of the Fund’s net assets.

6 NQ-DDF [2/20] 4/20 (1139462)

(Unaudited)

=	The value of this security was determined using significant unobservable	a published reference rate and spread but are determined by the
	inputs and is reported as a Level 3 security.	issuer or agent and are based on current market conditions, or for
°	Principal amount shown is stated in USD unless noted that the security	mortgage-backed securities,are impacted by the individual mortgages
	is denominated in another currency.	which are paying off over time. These securities do not indicate a
µ	Fixed to variable rate investment. The rate shown reflects the fixed	reference rate and spread in their description above.
	rate in effect at Feb. 29, 2020. Rate will reset at a future date.
y  No contractual maturity date.		Summary of abbreviations:
†	Non-income producing security.	GS - Goldman Sachs
•  Variable rate investment. Rates reset periodically. Rate shown reflects		ICE - Intercontinental Exchange
	the rate in effect at Feb. 29, 2020. For securities based on a published	LIBOR - London interbank offered rate
	reference rate and spread,the reference rate and spread are indicated	LIBOR03M - ICE LIBOR USD 3 Month
	intheirdescriptionabove. Thereferenceratedescriptions(i. e. LIBOR03M,	LIBOR06M - ICE LIBOR USD 6 Month
	LIBOR06M,etc. ) used in this report are identical for different securities,	REIT - Real Estate Investment Trust
	but the underlying reference rates may differ due to the timing of	USD - US Dollar
	the reset period. Certain variable rate securities are not based on

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