Schedule of investments
Delaware Tax-Free Idaho Fund | November 30, 2022 (Unaudited) |
Principal amount° | Value (US $) | ||
Municipal Bonds — 95.90% | |||
Corporate Revenue Bonds — 2.80% | |||
Nez Perce County Pollution Control Revenue | |||
(Potlatch Project) 2.75% 10/1/24 | 1,250,000 | $ 1,229,338 | |
Power County Industrial Development Revenue | |||
(FMC Project) 6.45% 8/1/32 (AMT) | 2,000,000 | 2,007,040 | |
3,236,378 | |||
Education Revenue Bonds — 21.92% | |||
Boise State University Revenue | |||
(General Project) Series A 5.00% 4/1/47 | 500,000 | 525,795 | |
Idaho Housing & Finance Association | |||
(Alturas International Academy Project) 4.00% 5/1/52 | 1,500,000 | 1,283,385 | |
(Anser of Idaho Project) | |||
Series A 2.25% 5/1/51 | 1,165,000 | 692,954 | |
Series A 3.00% 5/1/41 | 1,650,000 | 1,299,441 | |
Series A 4.00% 5/1/56 | 1,585,000 | 1,341,148 | |
(Compass Public Charter School Project) | |||
Series A 144A 6.00% 7/1/39 # | 370,000 | 389,643 | |
Series A 144A 6.00% 7/1/49 # | 595,000 | 618,646 | |
Series A 144A 6.00% 7/1/54 # | 570,000 | 591,255 | |
(Compass Public Charter School) Series A 144A 5.00% 7/1/54 # | 1,000,000 | 915,670 | |
(Gem Prep: Meridian Project) Series A 4.00% 5/1/57 | 1,000,000 | 842,920 | |
(Idaho Arts Charter School Project) | |||
Series A 4.00% 5/1/41 | 330,000 | 319,011 | |
Series A 4.00% 5/1/50 | 520,000 | 491,426 | |
Series A 4.00% 5/1/55 | 205,000 | 189,719 | |
Series A 144A 5.00% 12/1/38 # | 2,050,000 | 2,079,602 | |
Series A 144A 5.00% 12/1/46 # | 1,000,000 | 1,008,350 | |
(Meridian South Charter School Project) 144A 4.00% 5/1/46 # | 1,000,000 | 722,250 | |
(North Star Charter School) | |||
Capital Appreciation Subordinate Series B 144A 4.88% 7/1/49 #, ^ | 2,888,155 | 471,029 | |
Series A 6.75% 7/1/48 | 529,151 | 554,889 | |
(Sage International School of Boise Project) | |||
Series A 4.00% 5/1/50 | 3,630,000 | 3,327,040 | |
Series A 4.00% 5/1/55 | 1,100,000 | 981,607 | |
NQ-360 [11/22] 01/23 (2679888) 1
Schedule of investments
Delaware Tax-Free Idaho Fund (Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Education Revenue Bonds (continued) | |||
Idaho Housing & Finance Association | |||
(Victory Charter School Project) Series B 144A 5.00% 7/1/39 # | 1,000,000 | $ 1,016,240 | |
(Xavier Charter School Project) Series A 5.00% 6/1/50 | 1,275,000 | 1,278,710 | |
Idaho State University General Revenue Bonds | |||
Series A 4.00% 4/1/37 | 350,000 | 351,537 | |
Series A 4.50% 4/1/52 | 1,750,000 | 1,767,780 | |
Series A 5.25% 4/1/42 | 605,000 | 673,377 | |
Idaho State University Revenue | |||
3.00% 4/1/49 | 1,700,000 | 1,214,242 | |
University of Idaho | |||
Unrefunded Series A 5.00% 4/1/41 | 340,000 | 363,688 | |
25,311,354 | |||
Electric Revenue Bonds — 4.67% | |||
Boise-Kuna Irrigation District Revenue | |||
(Idaho Arrowrock Hydroelectric Project) 5.00% 6/1/34 | 2,000,000 | 2,071,120 | |
Guam Power Authority Revenue | |||
(Tax-Exempt Forward Delivery) Series A 5.00% 10/1/41 | 915,000 | 936,887 | |
Puerto Rico Electric Power Authority Revenue | |||
Series A 5.05% 7/1/42 ‡ | 75,000 | 55,312 | |
Series AAA 5.25% 7/1/25 ‡ | 45,000 | 33,413 | |
Series CCC 5.25% 7/1/27 ‡ | 345,000 | 256,162 | |
Series WW 5.00% 7/1/28 ‡ | 320,000 | 236,800 | |
Series WW 5.50% 7/1/38 ‡ | 1,500,000 | 1,119,375 | |
Series XX 4.75% 7/1/26 ‡ | 50,000 | 36,813 | |
Series XX 5.25% 7/1/40 ‡ | 595,000 | 441,787 | |
Series XX 5.75% 7/1/36 ‡ | 175,000 | 131,250 | |
Series ZZ 4.75% 7/1/27 ‡ | 40,000 | 29,450 | |
Series ZZ 5.25% 7/1/24 ‡ | 60,000 | 44,550 | |
5,392,919 | |||
Healthcare Revenue Bonds — 13.76% | |||
Idaho Health Facilities Authority Revenue | |||
(Madison Memorial Hospital Project) 5.00% 9/1/37 | 1,350,000 | 1,363,081 | |
(St. Luke's Health System Project) | |||
4.00% 3/1/51 | 2,210,000 | 1,972,160 | |
Series A 3.00% 3/1/51 | 5,645,000 | 3,970,016 | |
Series A 4.00% 3/1/46 | 500,000 | 456,180 |
2 NQ-360 [11/22] 01/23 (2679888)
(Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Healthcare Revenue Bonds (continued) | |||
Idaho Health Facilities Authority Revenue | |||
(St. Luke's Health System Project) | |||
Series A 5.00% 3/1/27 | 1,000,000 | $ 1,062,480 | |
(Trinity Health Credit Group) | |||
Series ID 4.00% 12/1/43 | 3,595,000 | 3,484,130 | |
Series ID 5.00% 12/1/46 | 750,000 | 761,513 | |
(Valley Vista Care Corporation) | |||
Series A 4.00% 11/15/27 | 705,000 | 682,722 | |
Series A 5.25% 11/15/37 | 1,005,000 | 846,803 | |
Series A 5.25% 11/15/47 | 1,130,000 | 852,099 | |
Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority | |||
5.00% 7/1/32 | 400,000 | 434,896 | |
15,886,080 | |||
Housing Revenue Bonds — 2.77% | |||
Idaho Housing & Finance Association | |||
Series A 4.50% 1/21/49 (GNMA) | 257,003 | 259,631 | |
Idaho Housing & Finance Association Multifamily Housing Revenue | |||
(Sunset Landing Apartments Project) | |||
Series A 2.75% 7/1/40 | 1,300,000 | 1,031,030 | |
Series A 3.125% 7/1/54 | 2,000,000 | 1,477,520 | |
Idaho Housing & Finance Association Single Family Mortgage Revenue | |||
Series C 3.00% 1/1/43 (FHA) | 470,000 | 434,440 | |
3,202,621 | |||
Lease Revenue Bonds — 11.12% | |||
Boise Urban Renewal Agency | |||
5.00% 12/15/31 | 750,000 | 792,442 | |
5.00% 12/15/32 | 750,000 | 791,580 | |
Fremont County Annual Appropriation Certificates of Participation | |||
4.00% 9/1/36 | 750,000 | 768,945 | |
Idaho Falls Certificates of Participation | |||
4.00% 9/15/39 | 1,050,000 | 1,060,826 | |
Idaho Fish & Wildlife Foundation | |||
(Idaho Department of Fish & Game Headquarters Office Project) | |||
4.00% 12/1/36 | 525,000 | 536,256 | |
4.00% 12/1/39 | 1,540,000 | 1,536,566 | |
4.00% 12/1/42 | 1,300,000 | 1,273,558 |
NQ-360 [11/22] 01/23 (2679888) 3
Schedule of investments
Delaware Tax-Free Idaho Fund (Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Lease Revenue Bonds (continued) | |||
Idaho Fish & Wildlife Foundation | |||
(Idaho Department of Fish & Game Headquarters Office Project) | |||
4.00% 12/1/44 | 250,000 | $ 242,470 | |
(Idaho Department of Fish & Game Nampa Regional Office Project) 5.00% 12/1/41 | 200,000 | 215,894 | |
Idaho Housing & Finance Association Economic Development Facilities Revenue | |||
(TDF Facilities Project) | |||
Series A 6.50% 2/1/26 | 750,000 | 751,387 | |
Series A 7.00% 2/1/36 | 1,500,000 | 1,502,775 | |
Idaho Housing & Finance Association Grant and Revenue Anticipation Bonds | |||
Series A 4.00% 7/15/39 | 2,150,000 | 2,150,666 | |
Idaho State Building Authority Revenue | |||
(Department of Health & Welfare Project) Series B 4.00% 9/1/48 | 750,000 | 724,658 | |
University of Idaho | |||
Series A 5.00% 4/1/35 (AGM) | 435,000 | 490,532 | |
12,838,555 | |||
Local General Obligation Bonds — 10.13% | |||
Ada & Boise Counties Independent School District Boise City | |||
5.00% 8/1/35 | 1,160,000 | 1,234,437 | |
5.00% 8/1/34 | 1,500,000 | 1,601,670 | |
5.00% 8/1/36 | 500,000 | 531,485 | |
Ada & Canyon Counties Joint School District No. 3 Kuna | |||
(Sales Tax & Credit Enhancement Guaranty) Series B 5.00% 9/15/35 | 1,100,000 | 1,203,763 | |
Canyon County School District No. 139 Vallivue | |||
(School Board Guaranteed) Series B 5.00% 9/15/24 | 1,480,000 | 1,482,856 | |
Idaho Bond Bank Authority Revenue | |||
Series A 4.00% 9/15/33 | 530,000 | 549,197 | |
Series A 4.00% 9/15/37 | 1,000,000 | 1,018,390 | |
Series C 5.00% 9/15/42 | 500,000 | 532,525 | |
Ketchum City | |||
2.125% 9/15/41 | 500,000 | 343,255 |
4 NQ-360 [11/22] 01/23 (2679888)
(Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Local General Obligation Bonds (continued) | |||
Madison County School District No. 321 Rexburg | |||
(Sales Tax & Credit Enhancement Guaranty) | |||
Series B 5.00% 8/15/25 | 500,000 | $ 528,205 | |
Series B 5.00% 8/15/26 | 500,000 | 537,590 | |
Nez Perce County Independent School DistrictNo. 1 | |||
(Sales Tax & Credit Enhancement Guaranty) | |||
Series B 5.00% 9/15/36 | 1,000,000 | 1,070,420 | |
Series B 5.00% 9/15/37 | 1,000,000 | 1,068,350 | |
11,702,143 | |||
Pre-Refunded/Escrowed to Maturity Bonds — 3.31% | |||
Ada & Canyon Counties Joint School District No 3 Kuna | |||
Series B 5.00% 9/15/33 | 445,000 | 486,033 | |
Canyon County School District No. 139 Vallivue | |||
(School Board Guaranteed) 5.00% 9/15/33-23 § | 500,000 | 509,635 | |
Nampa Development Corporation Revenue | |||
(Library Square Project) 144A 5.00% 9/1/31-24 #, § | 1,000,000 | 1,061,590 | |
Twin Falls County School District No. 411 | |||
(School Board Guaranteed) Series A 4.75% 9/15/37-24 § | 1,000,000 | 1,036,570 | |
University of Idaho | |||
Series A 5.00% 4/1/41-28 § | 660,000 | 729,089 | |
3,822,917 | |||
Resource Recovery Revenue Bonds — 0.36% | |||
Idawy Solid Waste District | |||
Series A 3.00% 1/1/50 | 550,000 | 415,580 | |
415,580 | |||
Special Tax Revenue Bonds — 22.31% | |||
Commonwealth of Puerto Rico | |||
(Subordinate) 3.035% 11/1/43 • | 4,417,758 | 2,015,602 | |
GDB Debt Recovery Authority of Puerto Rico | |||
(Taxable) 7.50% 8/20/40 | 5,298,020 | 4,437,092 | |
Idaho Bond Bank Authority | |||
Series A 4.00% 9/15/39 | 230,000 | 232,098 |
NQ-360 [11/22] 01/23 (2679888) 5
Schedule of investments
Delaware Tax-Free Idaho Fund (Unaudited)
Principal amount° | Value (US $) | ||
Municipal Bonds (continued) | |||
Special Tax Revenue Bonds (continued) | |||
Idaho Housing & Finance Association Sales Tax Revenue | |||
(Transportation Expansion And Congestion Mitigation) | |||
5.00% 8/15/47 | 5,295,000 | $ 5,739,939 | |
Series A 5.00% 8/15/42 | 1,325,000 | 1,470,061 | |
Idaho Water Resource Board Loan Program Revenue | |||
(Ground Water Rights Mitigation) Series A 5.00% 9/1/32 | 3,565,000 | 3,569,385 | |
Matching Fund Special Purpose Securitization | |||
Series A 5.00% 10/1/32 | 250,000 | 257,762 | |
Puerto Rico Sales Tax Financing Revenue | |||
(Capital Appreciation - Restructured) | |||
Series A-1 1.22% 7/1/51 ^ | 9,663,000 | 1,818,190 | |
Series A-1 2.58% 7/1/46 ^ | 3,320,000 | 836,706 | |
(Restructured) | |||
Series A-1 4.55% 7/1/40 | 875,000 | 814,914 | |
Series A-1 4.75% 7/1/53 | 3,045,000 | 2,782,216 | |
Series A-1 5.00% 7/1/58 | 1,181,000 | 1,120,545 | |
Series A-2 4.329% 7/1/40 | 730,000 | 661,322 | |
25,755,832 | |||
State General Obligation Bonds — 0.78% | |||
Commonwealth of Puerto Rico | |||
(Restructured) Series A-1 4.00% 7/1/41 | 1,113,899 | 895,263 | |
895,263 | |||
Transportation Revenue Bonds — 1.97% | |||
Boise City, Idaho Airport Revenue | |||
(Employee Parking Facilities Project) Series B 4.00% 9/1/51 (AMT) | 1,955,000 | 1,746,089 | |
(Public Parking Facilities Project) Series A 5.00% 9/1/51 | 500,000 | 527,890 | |
2,273,979 | |||
Total Municipal Bonds (cost $119,832,622) | 110,733,621 |
6 NQ-360 [11/22] 01/23 (2679888)
(Unaudited)
Number of shares | Value (US $) | ||
Short-Term Investments — 1.23% | |||
Money Market Mutual Funds — 1.23% | |||
Dreyfus Tax Exempt Cash Management (seven-day effective yield 1.78%) | 1,415,712 | $ 1,415,712 | |
Total Short-Term Investments (cost $1,415,712) | 1,415,712 | ||
Total Value of Securities—97.13% (cost $121,248,334) | 112,149,333 | ||
Receivables and Other Assets Net of Liabilities—2.87% | 3,314,267 | ||
Net Assets Applicable to 11,276,537 Shares Outstanding—100.00% | $115,463,600 |
° | 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 November 30, 2022, the aggregate value of Rule 144A securities was $8,874,275, which represents 7.69% of the Fund's net assets. |
^ | Zero-coupon security. The rate shown is the effective yield at the time of purchase. |
‡ | Non-income producing security. Security is currently in default. |
§ | Pre-refunded bonds. Municipal bonds that are generally backed or secured by US Treasury bonds. For pre-refunded bonds, the stated maturity is followed by the year in which the bond will be pre-refunded. |
• | Variable rate investment. Rates reset periodically. Rate shown reflects the rate in effect at November 30, 2022. For securities based on a published reference rate and spread, the reference rate and spread are indicated in their descriptions. The reference rate descriptions (i.e. LIBOR03M, LIBOR06M, etc.) used in this report are identical for different securities, but the underlying reference rates may differ due to the timing of the reset period. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions, or for mortgage-backed securities, are impacted by the individual mortgages which are paying off over time. These securities do not indicate a reference rate and spread in their descriptions. |
Summary of abbreviations: |
AGM – Insured by Assured Guaranty Municipal Corporation |
AMT – Subject to Alternative Minimum Tax |
FHA – Federal Housing Administration |
GNMA – Government National Mortgage Association |
ICE – Intercontinental Exchange, Inc. |
LIBOR – London Interbank Offered Rate |
LIBOR03M – ICE LIBOR USD 3 Month |
NQ-360 [11/22] 01/23 (2679888) 7
Schedule of investments
Delaware Tax-Free Idaho Fund (Unaudited)
Summary of abbreviations: (continued) |
LIBOR06M – ICE LIBOR USD 6 Month |
USD – US Dollar |
8 NQ-360 [11/22] 01/23 (2679888)