Schedule of investments
Delaware Investments® Dividend and Income Fund, Inc.
August 31, 2022 (Unaudited)
Principal amount° | Value (US $) | ||
Convertible Bonds — 8.61% | |||
Basic Industry — 0.13% | |||
Ivanhoe Mines 144A 2.50% exercise price $7.43, maturity date 4/15/26 # | 81,000 | $ 89,338 | |
89,338 | |||
Capital Goods — 0.18% | |||
Kaman 3.25% exercise price $65.26, maturity date 5/1/24 | 130,000 | 122,119 | |
122,119 | |||
Communications — 0.76% | |||
Cable One 1.125% exercise price $2,275.83, maturity date 3/15/28 | 151,000 | 123,065 | |
DISH Network 3.375% exercise price $65.17, maturity date 8/15/26 | 241,000 | 174,017 | |
Liberty Broadband 144A 1.25% exercise price $900.01, maturity date 9/30/50 # | 171,000 | 162,877 | |
Liberty Latin America 2.00% exercise price $20.65, maturity date 7/15/24 | 76,000 | 67,165 | |
527,124 | |||
Consumer Cyclical — 0.63% | |||
Cheesecake Factory 0.375% exercise price $77.77, maturity date 6/15/26 | 311,000 | 254,437 | |
Ford Motor 0.00% exercise price $17.02, maturity date 3/15/26 ^ | 163,000 | 178,159 | |
432,596 | |||
Consumer Non-Cyclical — 2.59% | |||
BioMarin Pharmaceutical 0.599% exercise price $124.67, maturity date 8/1/24 | 89,000 | 91,820 | |
Chefs' Warehouse 1.875% exercise price $44.20, maturity date 12/1/24 | 261,000 | 272,615 | |
Chegg 4.124% exercise price $107.55, maturity date 9/1/26 ^ | 253,000 | 203,026 | |
Coherus Biosciences 1.50% exercise price $19.26, maturity date 4/15/26 | 163,000 | 139,365 | |
Collegium Pharmaceutical 2.625% exercise price $29.19, maturity date 2/15/26 | 150,000 | 134,030 |
Principal amount° | Value (US $) | ||
Convertible Bonds (continued) | |||
Consumer Non-Cyclical (continued) | |||
CONMED 144A 2.25% exercise price $145.33, maturity date 6/15/27 # | 228,000 | $ 210,330 | |
Integra LifeSciences Holdings 0.50% exercise price $73.67, maturity date 8/15/25 | 210,000 | 194,604 | |
Ionis Pharmaceuticals 0.125% exercise price $83.28, maturity date 12/15/24 | 151,000 | 139,398 | |
Jazz Investments I 2.00% exercise price $155.81, maturity date 6/15/26 | 93,000 | 110,321 | |
Paratek Pharmaceuticals 4.75% exercise price $15.90, maturity date 5/1/24 | 319,000 | 284,931 | |
1,780,440 | |||
Electric — 0.72% | |||
NextEra Energy Partners 144A 0.374% exercise price $75.96, maturity date 11/15/25 #, ^ | 74,000 | 82,804 | |
NRG Energy 2.75% exercise price $43.77, maturity date 6/1/48 | 208,000 | 234,416 | |
Ormat Technologies 144A 2.50% exercise price $90.27, maturity date 7/15/27 # | 149,000 | 180,439 | |
497,659 | |||
Energy — 0.40% | |||
Helix Energy Solutions Group 6.75% exercise price $6.97, maturity date 2/15/26 | 259,000 | 273,892 | |
273,892 | |||
Financials — 0.59% | |||
FTI Consulting 2.00% exercise price $101.38, maturity date 8/15/23 | 149,000 | 239,279 | |
Repay Holdings 144A 2.505% exercise price $33.60, maturity date 2/1/26 #, ^ | 216,000 | 164,550 | |
403,829 | |||
Industrials — 0.43% | |||
Chart Industries 144A 1.00% exercise price $58.72, maturity date 11/15/24 # | 83,000 | 274,996 |
NQ-DDF [8/22] 10/22 (2460440) 1
Schedule of investments
Delaware Investments® Dividend and Income Fund, Inc. (Unaudited)
Principal amount° | Value (US $) | ||
Convertible Bonds (continued) | |||
Industrials (continued) | |||
Danimer Scientific 144A 3.25% exercise price $10.79, maturity date 12/15/26 # | 33,000 | $ 21,412 | |
296,408 | |||
REITs — 0.41% | |||
Blackstone Mortgage Trust 4.75% exercise price $36.23, maturity date 3/15/23 | 211,000 | 211,881 | |
Summit Hotel Properties 1.50% exercise price $11.99, maturity date 2/15/26 | 76,000 | 67,830 | |
279,711 | |||
Technology — 1.47% | |||
Block 0.125% exercise price $121.01, maturity date 3/1/25 | 126,000 | 125,212 | |
InterDigital 144A 3.50% exercise price $77.49, maturity date 6/1/27 # | 278,000 | 266,324 | |
ON Semiconductor 1.625% exercise price $20.72, maturity date 10/15/23 | 71,000 | 236,430 | |
Palo Alto Networks 0.75% exercise price $266.35, maturity date 7/1/23 | 80,000 | 167,960 | |
Quotient Technology 1.75% exercise price $17.36, maturity date 12/1/22 | 116,000 | 109,330 | |
Wolfspeed 144A 0.25% exercise price $127.22, maturity date 2/15/28 # | 94,000 | 106,690 | |
1,011,946 | |||
Transportation — 0.30% | |||
Seaspan 144A 3.75% exercise price $13.01, maturity date 12/15/25 # | 72,000 | 85,680 | |
Spirit Airlines 1.00% exercise price $49.07, maturity date 5/15/26 | 140,000 | 122,920 | |
208,600 | |||
Total Convertible Bonds (cost $5,748,533) | 5,923,662 | ||
Corporate Bonds — 33.07% | |||
Automotive — 1.47% | |||
Allison Transmission 144A 5.875% 6/1/29 # | 330,000 | 310,655 |
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Automotive (continued) | |||
Ford Motor Credit | |||
3.375% 11/13/25 | 310,000 | $ 283,446 | |
4.542% 8/1/26 | 305,000 | 284,449 | |
Goodyear Tire & Rubber 5.25% 7/15/31 | 155,000 | 133,830 | |
1,012,380 | |||
Basic Industry — 3.07% | |||
ATI 5.125% 10/1/31 | 100,000 | 88,123 | |
Avient 144A 5.75% 5/15/25 # | 88,000 | 86,899 | |
Chemours 144A 5.75% 11/15/28 # | 155,000 | 138,974 | |
First Quantum Minerals 144A 7.50% 4/1/25 # | 200,000 | 197,090 | |
FMG Resources August 2006 Pty 144A 5.875% 4/15/30 # | 150,000 | 138,599 | |
Freeport-McMoRan 5.45% 3/15/43 | 185,000 | 166,778 | |
INEOS Quattro Finance 2 144A 3.375% 1/15/26 # | 200,000 | 173,352 | |
Koppers 144A 6.00% 2/15/25 # | 215,000 | 202,035 | |
Novelis 144A 4.75% 1/30/30 # | 195,000 | 169,884 | |
Olin | |||
5.00% 2/1/30 | 175,000 | 159,030 | |
5.125% 9/15/27 | 195,000 | 185,324 | |
Standard Industries 144A 4.75% 1/15/28 # | 145,000 | 126,992 | |
Steel Dynamics 5.00% 12/15/26 | 280,000 | 279,725 | |
2,112,805 | |||
Capital Goods — 1.62% | |||
Ardagh Packaging Finance 144A 5.25% 8/15/27 # | 300,000 | 217,404 | |
CP Atlas Buyer 144A 7.00% 12/1/28 # | 80,000 | 65,411 | |
Madison IAQ 144A 5.875% 6/30/29 # | 160,000 | 131,901 | |
Sealed Air 144A 5.00% 4/15/29 # | 150,000 | 142,769 | |
Terex 144A 5.00% 5/15/29 # | 180,000 | 161,298 | |
TK Elevator US Newco 144A 5.25% 7/15/27 # | 300,000 | 273,391 | |
TransDigm 144A 6.25% 3/15/26 # | 125,000 | 122,966 | |
1,115,140 | |||
Communications — 2.32% | |||
Altice France 144A 5.50% 10/15/29 # | 240,000 | 189,824 | |
Altice France Holding 144A 6.00% 2/15/28 # | 305,000 | 207,306 | |
Connect Finco 144A 6.75% 10/1/26 # | 200,000 | 183,645 |
2 NQ-DDF [8/22] 10/22 (2460440)
(Unaudited)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Communications (continued) | |||
Consolidated Communications | |||
144A 5.00% 10/1/28 # | 70,000 | $ 54,018 | |
144A 6.50% 10/1/28 # | 165,000 | 133,188 | |
Digicel International Finance 144A 8.75% 5/25/24 # | 200,000 | 191,845 | |
Frontier Communications Holdings | |||
144A 5.875% 10/15/27 # | 245,000 | 228,982 | |
144A 6.75% 5/1/29 # | 100,000 | 86,375 | |
Sprint 7.875% 9/15/23 | 103,000 | 106,254 | |
T-Mobile USA | |||
2.625% 4/15/26 | 85,000 | 78,782 | |
3.375% 4/15/29 | 85,000 | 76,680 | |
3.50% 4/15/31 | 66,000 | 58,540 | |
1,595,439 | |||
Consumer Goods — 0.56% | |||
JBS USA LUX 144A 6.50% 4/15/29 # | 26,000 | 26,945 | |
Pilgrim's Pride 144A 4.25% 4/15/31 # | 150,000 | 129,410 | |
Post Holdings | |||
144A 5.625% 1/15/28 # | 180,000 | 171,197 | |
144A 5.75% 3/1/27 # | 60,000 | 58,687 | |
386,239 | |||
Energy — 4.49% | |||
Ascent Resources Utica Holdings | |||
144A 5.875% 6/30/29 # | 170,000 | 153,356 | |
144A 7.00% 11/1/26 # | 80,000 | 77,914 | |
Callon Petroleum 144A 8.00% 8/1/28 # | 200,000 | 192,207 | |
Cheniere Corpus Christi Holdings | |||
5.125% 6/30/27 | 40,000 | 39,968 | |
5.875% 3/31/25 | 80,000 | 81,658 | |
CNX Midstream Partners 144A 4.75% 4/15/30 # | 85,000 | 71,883 | |
CNX Resources 144A 6.00% 1/15/29 # | 155,000 | 145,943 | |
Crestwood Midstream Partners 144A 6.00% 2/1/29 # | 188,000 | 173,976 | |
Energy Transfer 5.50% 6/1/27 | 115,000 | 116,285 | |
EQM Midstream Partners 144A 4.75% 1/15/31 # | 275,000 | 238,332 | |
Genesis Energy | |||
7.75% 2/1/28 | 210,000 | 194,989 | |
8.00% 1/15/27 | 160,000 | 151,898 | |
Hilcorp Energy I | |||
144A 6.00% 4/15/30 # | 170,000 | 156,738 | |
144A 6.00% 2/1/31 # | 15,000 | 13,618 | |
144A 6.25% 4/15/32 # | 77,000 | 69,123 | |
Murphy Oil 6.375% 7/15/28 | 265,000 | 261,325 |
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Energy (continued) | |||
NuStar Logistics | |||
5.625% 4/28/27 | 160,000 | $ 145,920 | |
6.00% 6/1/26 | 113,000 | 106,824 | |
Occidental Petroleum | |||
6.45% 9/15/36 | 70,000 | 74,898 | |
6.60% 3/15/46 | 180,000 | 198,450 | |
6.625% 9/1/30 | 80,000 | 85,576 | |
PDC Energy 5.75% 5/15/26 | 175,000 | 167,789 | |
Southwestern Energy | |||
5.375% 2/1/29 | 25,000 | 23,675 | |
5.375% 3/15/30 | 110,000 | 103,253 | |
7.75% 10/1/27 | 40,000 | 41,517 | |
3,087,115 | |||
Financial Services — 1.48% | |||
Ally Financial 5.75% 11/20/25 | 435,000 | 439,926 | |
Castlelake Aviation Finance DAC 144A 5.00% 4/15/27 # | 230,000 | 199,378 | |
Hightower Holding 144A 6.75% 4/15/29 # | 100,000 | 84,563 | |
Midcap Financial Issuer Trust 144A 6.50% 5/1/28 # | 200,000 | 171,826 | |
MSCI 144A 3.625% 11/1/31 # | 145,000 | 121,030 | |
1,016,723 | |||
Healthcare — 3.11% | |||
Bausch Health 144A 6.25% 2/15/29 # | 340,000 | 128,894 | |
Centene 3.375% 2/15/30 | 245,000 | 210,429 | |
Cheplapharm Arzneimittel 144A 5.50% 1/15/28 # | 200,000 | 171,905 | |
Community Health Systems 144A 4.75% 2/15/31 # | 90,000 | 66,573 | |
DaVita 144A 4.625% 6/1/30 # | 135,000 | 108,847 | |
Encompass Health 5.75% 9/15/25 | 120,000 | 119,090 | |
HCA | |||
5.375% 2/1/25 | 405,000 | 409,360 | |
5.875% 2/15/26 | 165,000 | 168,689 | |
7.58% 9/15/25 | 80,000 | 86,147 | |
ModivCare Escrow Issuer 144A 5.00% 10/1/29 # | 150,000 | 132,477 | |
Service Corp International 4.00% 5/15/31 | 285,000 | 244,108 | |
Tenet Healthcare | |||
144A 4.25% 6/1/29 # | 160,000 | 138,254 | |
144A 6.125% 10/1/28 # | 170,000 | 156,190 | |
2,140,963 | |||
Insurance — 0.97% | |||
HUB International 144A 5.625% 12/1/29 # | 215,000 | 188,337 |
NQ-DDF [8/22] 10/22 (2460440) 3
Schedule of investments
Delaware Investments® Dividend and Income Fund, Inc. (Unaudited)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Insurance (continued) | |||
NFP | |||
144A 6.875% 8/15/28 # | 160,000 | $ 131,738 | |
144A 7.50% 10/1/30 # | 60,000 | 59,166 | |
USI 144A 6.875% 5/1/25 # | 295,000 | 289,379 | |
668,620 | |||
Leisure — 2.97% | |||
Boyd Gaming 4.75% 12/1/27 | 289,000 | 270,180 | |
Caesars Entertainment 144A 6.25% 7/1/25 # | 295,000 | 288,421 | |
Carnival | |||
144A 5.75% 3/1/27 # | 300,000 | 233,672 | |
144A 7.625% 3/1/26 # | 215,000 | 183,331 | |
GLP Capital 5.375% 4/15/26 | 110,000 | 108,235 | |
Hilton Domestic Operating 144A 4.00% 5/1/31 # | 475,000 | 402,125 | |
Royal Caribbean Cruises 144A 5.50% 4/1/28 # | 448,000 | 338,804 | |
Scientific Games International 144A 7.25% 11/15/29 # | 130,000 | 128,050 | |
Six Flags Entertainment 144A 4.875% 7/31/24 # | 90,000 | 86,484 | |
2,039,302 | |||
Media — 3.34% | |||
AMC Networks 4.25% 2/15/29 | 370,000 | 302,512 | |
CCO Holdings | |||
144A 4.50% 8/15/30 # | 175,000 | 147,385 | |
4.50% 5/1/32 | 40,000 | 32,509 | |
144A 5.125% 5/1/27 # | 120,000 | 114,060 | |
144A 5.375% 6/1/29 # | 130,000 | 118,911 | |
CMG Media 144A 8.875% 12/15/27 # | 145,000 | 124,935 | |
CSC Holdings | |||
144A 3.375% 2/15/31 # | 250,000 | 187,683 | |
144A 5.00% 11/15/31 # | 200,000 | 142,920 | |
Cumulus Media New Holdings 144A 6.75% 7/1/26 # | 135,000 | 120,980 | |
Directv Financing 144A 5.875% 8/15/27 # | 160,000 | 146,621 | |
Gray Television 144A 4.75% 10/15/30 # | 290,000 | 239,395 | |
Nielsen Finance | |||
144A 4.50% 7/15/29 # | 40,000 | 40,220 | |
144A 4.75% 7/15/31 # | 135,000 | 134,326 | |
Sirius XM Radio 144A 4.00% 7/15/28 # | 325,000 | 283,563 | |
VZ Secured Financing 144A 5.00% 1/15/32 # | 200,000 | 164,753 | |
2,300,773 |
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Real Estate Investment Trusts — 0.18% | |||
VICI Properties | |||
144A 3.875% 2/15/29 # | 45,000 | $ 40,084 | |
144A 5.75% 2/1/27 # | 85,000 | 83,801 | |
123,885 | |||
Retail — 1.84% | |||
Asbury Automotive Group | |||
144A 4.625% 11/15/29 # | 200,000 | 171,744 | |
4.75% 3/1/30 | 95,000 | 80,880 | |
Bath & Body Works | |||
6.875% 11/1/35 | 160,000 | 139,934 | |
6.95% 3/1/33 | 104,000 | 85,581 | |
Bloomin' Brands 144A 5.125% 4/15/29 # | 150,000 | 130,456 | |
Levi Strauss & Co. 144A 3.50% 3/1/31 # | 143,000 | 120,332 | |
LSF9 Atlantis Holdings 144A 7.75% 2/15/26 # | 195,000 | 180,686 | |
Murphy Oil USA 144A 3.75% 2/15/31 # | 145,000 | 122,710 | |
PetSmart 144A 7.75% 2/15/29 # | 250,000 | 235,936 | |
1,268,259 | |||
Services — 2.25% | |||
Aramark Services 144A 5.00% 2/1/28 # | 345,000 | 317,902 | |
GFL Environmental 144A 3.75% 8/1/25 # | 59,000 | 55,821 | |
Iron Mountain 144A 4.50% 2/15/31 # | 305,000 | 253,756 | |
NESCO Holdings II 144A 5.50% 4/15/29 # | 145,000 | 127,855 | |
Prime Security Services Borrower 144A 5.75% 4/15/26 # | 220,000 | 211,949 | |
Sotheby's 144A 5.875% 6/1/29 # | 200,000 | 176,131 | |
United Rentals North America 3.875% 2/15/31 | 149,000 | 129,045 | |
Univar Solutions USA 144A 5.125% 12/1/27 # | 140,000 | 130,421 | |
White Cap Buyer 144A 6.875% 10/15/28 # | 168,000 | 147,473 | |
1,550,353 | |||
Technology & Electronics — 0.90% | |||
Entegris Escrow 144A 5.95% 6/15/30 # | 180,000 | 171,007 | |
Go Daddy Operating 144A 3.50% 3/1/29 # | 160,000 | 135,683 | |
Sensata Technologies 144A 5.875% 9/1/30 # | 60,000 | 58,725 | |
SS&C Technologies 144A 5.50% 9/30/27 # | 270,000 | 256,169 | |
621,584 |
4 NQ-DDF [8/22] 10/22 (2460440)
(Unaudited)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Transportation — 1.53% | |||
Delta Air Lines 7.375% 1/15/26 | 206,000 | $ 210,396 | |
Laredo Petroleum 144A 7.75% 7/31/29 # | 135,000 | 129,489 | |
Mileage Plus Holdings 144A 6.50% 6/20/27 # | 150,000 | 150,564 | |
Seaspan 144A 5.50% 8/1/29 # | 225,000 | 185,625 | |
United Airlines | |||
144A 4.375% 4/15/26 # | 55,000 | 50,220 | |
144A 4.625% 4/15/29 # | 70,000 | 61,513 | |
VistaJet Malta Finance 144A 6.375% 2/1/30 # | 310,000 | 267,142 | |
1,054,949 | |||
Utilities — 0.97% | |||
Calpine | |||
144A 5.00% 2/1/31 # | 285,000 | 238,965 | |
144A 5.25% 6/1/26 # | 48,000 | 46,658 | |
PG&E 5.25% 7/1/30 | 90,000 | 77,958 | |
Vistra | |||
144A 7.00% 12/15/26 #, μ, ψ | 200,000 | 184,752 | |
144A 8.00% 10/15/26 #, μ, ψ | 120,000 | 115,298 | |
663,631 | |||
Total Corporate Bonds (cost $25,717,884) | 22,758,160 |
Number of shares | |||
Common Stocks — 88.62% | |||
Communication Services — 7.12% | |||
Century Communications =, † | 500,000 | 0 | |
Comcast Class A | 44,948 | 1,626,668 | |
Verizon Communications | 37,300 | 1,559,513 | |
Walt Disney † | 15,279 | 1,712,470 | |
4,898,651 | |||
Consumer Discretionary — 7.44% | |||
Dollar General | 7,775 | 1,845,941 | |
Dollar Tree † | 11,600 | 1,573,888 | |
TJX | 27,300 | 1,702,155 | |
5,121,984 | |||
Consumer Staples — 5.11% | |||
Archer-Daniels-Midland | 19,800 | 1,740,222 | |
Conagra Brands | 51,663 | 1,776,174 | |
3,516,396 | |||
Energy — 2.41% | |||
ConocoPhillips | 15,179 | 1,661,342 | |
1,661,342 | |||
Financials — 12.55% | |||
American International Group | 31,500 | 1,630,125 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Financials (continued) | |||
Discover Financial Services | 17,600 | $ 1,768,624 | |
MetLife | 26,564 | 1,708,862 | |
Truist Financial | 38,200 | 1,789,288 | |
US Bancorp | 38,200 | 1,742,302 | |
8,639,201 | |||
Healthcare — 14.45% | |||
Baxter International | 25,400 | 1,459,484 | |
Cigna | 6,108 | 1,731,313 | |
CVS Health | 17,500 | 1,717,625 | |
Hologic † | 24,459 | 1,652,450 | |
Johnson & Johnson | 10,400 | 1,677,936 | |
Merck & Co. | 20,000 | 1,707,200 | |
9,946,008 | |||
Industrials — 10.02% | |||
Dover | 13,295 | 1,661,343 | |
Honeywell International | 8,924 | 1,689,759 | |
Northrop Grumman | 3,700 | 1,768,563 | |
Raytheon Technologies | 19,814 | 1,778,307 | |
6,897,972 | |||
Information Technology — 14.83% | |||
Broadcom | 3,300 | 1,647,063 | |
Cisco Systems | 38,000 | 1,699,360 | |
Cognizant Technology Solutions Class A | 24,782 | 1,565,479 | |
Fidelity National Information Services | 19,139 | 1,748,730 | |
Motorola Solutions | 7,100 | 1,728,211 | |
Oracle | 24,500 | 1,816,675 | |
10,205,518 | |||
Materials — 2.26% | |||
DuPont de Nemours | 27,932 | 1,554,137 | |
1,554,137 | |||
REIT Diversified — 0.37% | |||
Duke Realty | 2,650 | 155,952 | |
EPR Properties | 225 | 9,785 | |
Lamar Advertising Class A | 240 | 22,534 | |
LXP Industrial Trust | 5,276 | 53,077 | |
Outfront Media | 570 | 10,089 | |
251,437 | |||
REIT Healthcare — 0.84% | |||
Alexandria Real Estate Equities | 840 | 128,856 | |
CareTrust REIT | 2,570 | 55,358 | |
Healthcare Realty Trust | 2,740 | 66,637 | |
Healthpeak Properties | 2,300 | 60,375 | |
Medical Properties Trust | 4,020 | 58,732 | |
Ventas | 741 | 35,464 |
NQ-DDF [8/22] 10/22 (2460440) 5
Schedule of investments
Delaware Investments® Dividend and Income Fund, Inc. (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
REIT Healthcare (continued) | |||
Welltower | 2,254 | $ 172,769 | |
578,191 | |||
REIT Hotel — 0.50% | |||
Apple Hospitality REIT | 6,429 | 102,285 | |
Chatham Lodging Trust † | 3,288 | 39,982 | |
Gaming and Leisure Properties | 1,140 | 55,028 | |
Host Hotels & Resorts | 720 | 12,795 | |
VICI Properties | 4,068 | 134,203 | |
344,293 | |||
REIT Industrial — 0.85% | |||
Plymouth Industrial REIT | 860 | 17,432 | |
Prologis | 4,262 | 530,662 | |
Terreno Realty | 610 | 37,204 | |
585,298 | |||
REIT Information Technology — 0.69% | |||
Digital Realty Trust | 1,338 | 165,417 | |
Equinix | 466 | 306,334 | |
471,751 | |||
REIT Mall — 0.18% | |||
Simon Property Group | 1,196 | 121,968 | |
121,968 | |||
REIT Manufactured Housing — 0.29% | |||
Equity LifeStyle Properties | 1,300 | 91,130 | |
Sun Communities | 700 | 107,597 | |
198,727 | |||
REIT Multifamily — 3.65% | |||
American Homes 4 Rent Class A | 1,505 | 53,518 | |
AvalonBay Communities | 742 | 149,075 | |
Camden Property Trust | 583 | 74,921 | |
Equity Residential | 24,963 | 1,826,793 | |
Essex Property Trust | 500 | 132,530 | |
Invitation Homes | 4,276 | 155,133 | |
Mid-America Apartment Communities | 499 | 82,670 | |
UDR | 775 | 34,774 | |
2,509,414 | |||
REIT Office — 0.29% | |||
Boston Properties | 249 | 19,778 | |
Cousins Properties | 1,866 | 50,102 | |
Douglas Emmett | 870 | 16,982 | |
Highwoods Properties | 1,693 | 51,484 | |
Kilroy Realty | 665 | 32,432 | |
Piedmont Office Realty Trust Class A | 2,491 | 29,344 | |
SL Green Realty | 4 | 177 | |
200,299 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
REIT Self-Storage — 0.97% | |||
CubeSmart | 778 | $ 35,827 | |
Extra Space Storage | 931 | 185,018 | |
Life Storage | 937 | 119,233 | |
National Storage Affiliates Trust | 880 | 44,457 | |
Public Storage | 860 | 284,514 | |
669,049 | |||
REIT Shopping Center — 0.63% | |||
Agree Realty | 500 | 37,660 | |
Brixmor Property Group | 3,795 | 81,517 | |
Federal Realty Investment Trust | 141 | 14,279 | |
Kimco Realty | 3,094 | 65,221 | |
Kite Realty Group Trust | 2,542 | 49,213 | |
Regency Centers | 1,065 | 64,795 | |
Retail Opportunity Investments | 3,914 | 65,559 | |
SITE Centers | 3,096 | 40,124 | |
Urban Edge Properties | 831 | 13,072 | |
431,440 | |||
REIT Single Tenant — 0.57% | |||
Essential Properties Realty Trust | 1,905 | 43,129 | |
Four Corners Property Trust | 1,611 | 43,320 | |
National Retail Properties | 755 | 33,900 | |
Realty Income | 2,330 | 159,092 | |
Spirit Realty Capital | 1,358 | 55,474 | |
STORE Capital | 2,229 | 60,139 | |
395,054 | |||
REIT Specialty — 0.08% | |||
WP Carey | 610 | 51,258 | |
51,258 | |||
Utilities — 2.52% | |||
Edison International | 25,600 | 1,734,912 | |
1,734,912 | |||
Total Common Stocks (cost $53,142,520) | 60,984,300 | ||
Convertible Preferred Stock — 1.34% | |||
2020 Mandatory Exchangeable Trust 144A 6.50% exercise price $47.09, maturity date 5/16/23 # | 95 | 80,893 | |
Algonquin Power & Utilities 7.75% exercise price $18.00, maturity date 6/15/24 | 2,048 | 91,300 | |
AMG Capital Trust II 5.15% exercise price $195.47, maturity date 10/15/37 | 1,374 | 68,865 | |
Bank of America 7.25% exercise price $50.00 ω | 96 | 117,830 |
6 NQ-DDF [8/22] 10/22 (2460440)
(Unaudited)
Number of shares | Value (US $) | ||
Convertible Preferred Stock (continued) | |||
El Paso Energy Capital Trust I 4.75% exercise price $34.49, maturity date 3/31/28 | 3,327 | $ 152,709 | |
Elanco Animal Health 5.00% exercise price $38.40, maturity date 2/1/23 | 2,890 | 72,163 | |
Lyondellbasell Advanced Polymers 6.00% exercise price $0.00 ω | 133 | 109,725 | |
RBC Bearings 5.00% exercise price $226.60, maturity date 10/15/24 | 623 | 73,751 | |
UGI 7.25% exercise price $52.57, maturity date 6/1/24 | 1,715 | 156,065 | |
Total Convertible Preferred Stock (cost $999,896) | 923,301 | ||
Short-Term Investments — 2.69% | |||
Money Market Mutual Funds — 2.69% | |||
BlackRock FedFund – Institutional Shares (seven-day effective yield 2.02%) | 463,419 | 463,419 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 2.03%) | 463,419 | 463,419 | |
GS Financial Square Government Fund – Institutional Shares (seven-day effective yield 2.19%) | 463,419 | 463,419 | |
Morgan Stanley Government Portfolio – Institutional Class (seven-day effective yield 2.11%) | 463,419 | 463,419 | |
Total Short-Term Investments (cost $1,853,676) | 1,853,676 | ||
Total Value of Securities—134.33% (cost $87,462,509) | 92,443,099 |
Value (US $) | |||
Borrowing Under Line of Credit - (34.88%) | (24,000,000) | ||
Receivables and Other Assets Net of Liabilities — 0.54% | 372,683 | ||
Net Assets Applicable to 7,611,158 Shares Outstanding—100.00% | $68,815,782 |
° | Principal amount shown is stated in USD unless noted that the security is denominated in another currency. |
# | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At August 31, 2022, the aggregate value of Rule 144A securities was $17,674,528, which represents 25.68% of the Fund's net assets. |
^ | Zero-coupon security. The rate shown is the effective yield at the time of purchase. |
μ | Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at August 31, 2022. Rate will reset at a future date. |
ψ | Perpetual security. Maturity date represents next call date. |
= | The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security. |
† | Non-income producing security. |
ω | Perpetual security with no stated maturity date. |
Summary of abbreviations: |
DAC – Designated Activity Company |
GS – Goldman Sachs |
MSCI – Morgan Stanley Capital International |
REIT – Real Estate Investment Trust |
USD – US Dollar |
NQ-DDF [8/22] 10/22 (2460440) 7