Schedule of investments
Delaware VIP® Trust — Delaware VIP Opportunity Series
September 30, 2022 (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks — 98.43% | |||
Basic Materials — 7.65% | |||
Beacon Roofing Supply † | 11,481 | $ 628,240 | |
Boise Cascade | 8,757 | 520,691 | |
Huntsman | 36,507 | 895,882 | |
Kaiser Aluminum | 5,963 | 365,830 | |
Minerals Technologies | 12,253 | 605,421 | |
Reliance Steel & Aluminum | 7,226 | 1,260,287 | |
Westrock | 12,518 | 386,681 | |
Worthington Industries | 13,080 | 498,871 | |
5,161,903 | |||
Business Services — 5.18% | |||
ABM Industries | 10,800 | 412,884 | |
Aramark | 21,196 | 661,315 | |
ASGN † | 7,501 | 677,865 | |
Casella Waste Systems Class A † | 4,321 | 330,081 | |
Clean Harbors † | 4,468 | 491,391 | |
WillScot Mobile Mini Holdings † | 22,908 | 923,880 | |
3,497,416 | |||
Capital Goods — 11.32% | |||
Ameresco Class A † | 5,063 | 336,588 | |
Barnes Group | 4,551 | 131,433 | |
Carlisle | 2,123 | 595,310 | |
Federal Signal | 8,084 | 301,695 | |
Gates Industrial † | 17,364 | 169,473 | |
Generac Holdings † | 1,209 | 215,371 | |
Graco | 6,737 | 403,883 | |
Jacobs Solutions | 5,666 | 614,704 | |
Kadant | 1,747 | 291,417 | |
KBR | 11,060 | 478,013 | |
Lincoln Electric Holdings | 4,161 | 523,121 | |
MasTec † | 6,423 | 407,861 | |
Oshkosh | 5,789 | 406,909 | |
Quanta Services | 8,333 | 1,061,541 | |
Regal Rexnord | 2,786 | 391,043 | |
Tetra Tech | 2,757 | 354,357 | |
WESCO International † | 5,110 | 610,032 | |
Zurn Elkay Water Solutions | 14,228 | 348,586 | |
7,641,337 | |||
Communications Services — 0.92% | |||
Switch Class A | 18,391 | 619,593 | |
619,593 | |||
Consumer Discretionary — 5.56% | |||
American Eagle Outfitters | 9,931 | 96,629 | |
BJ's Wholesale Club Holdings † | 7,532 | 548,405 | |
Dick's Sporting Goods | 8,303 | 868,826 | |
Five Below † | 6,252 | 860,713 | |
Malibu Boats Class A † | 9,790 | 469,822 | |
Steven Madden | 21,786 | 581,033 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Consumer Discretionary (continued) | |||
Tractor Supply | 1,780 | $ 330,866 | |
3,756,294 | |||
Consumer Services — 2.09% | |||
Brinker International † | 8,985 | 224,445 | |
Jack in the Box | 3,579 | 265,097 | |
Texas Roadhouse | 5,589 | 487,696 | |
Wendy's | 23,187 | 433,365 | |
1,410,603 | |||
Consumer Staples — 2.82% | |||
Casey's General Stores | 4,439 | 898,986 | |
Helen of Troy † | 1,688 | 162,791 | |
J & J Snack Foods | 3,657 | 473,472 | |
YETI Holdings † | 12,976 | 370,075 | |
1,905,324 | |||
Credit Cyclicals — 2.73% | |||
BorgWarner | 13,084 | 410,838 | |
Dana | 17,989 | 205,614 | |
KB Home | 8,506 | 220,476 | |
La-Z-Boy | 11,490 | 259,329 | |
Taylor Morrison Home † | 11,978 | 279,327 | |
Toll Brothers | 11,178 | 469,476 | |
1,845,060 | |||
Energy — 5.91% | |||
Chesapeake Energy | 13,224 | 1,245,833 | |
Diamondback Energy | 12,320 | 1,484,067 | |
Liberty Energy Class A † | 99,532 | 1,262,066 | |
3,991,966 | |||
Financial Services — 15.39% | |||
Axis Capital Holdings | 14,302 | 702,943 | |
Comerica | 8,069 | 573,706 | |
East West Bancorp | 14,265 | 957,752 | |
Essent Group | 14,277 | 497,839 | |
Hamilton Lane Class A | 5,236 | 312,118 | |
Kemper | 11,567 | 477,254 | |
NMI Holdings Class A † | 17,302 | 352,442 | |
Primerica | 6,875 | 848,719 | |
Raymond James Financial | 6,049 | 597,762 | |
Reinsurance Group of America | 6,744 | 848,463 | |
SouthState | 7,791 | 616,424 | |
Stifel Financial | 13,257 | 688,171 | |
Umpqua Holdings | 36,104 | 617,017 | |
Valley National Bancorp | 41,800 | 451,440 | |
Webster Financial | 17,439 | 788,243 | |
Western Alliance Bancorp | 8,364 | 549,849 | |
WSFS Financial | 11,026 | 512,268 | |
10,392,410 |
NQ-FL4 [9/22] 11/22 (2605512) 1
Schedule of investments
Delaware VIP® Trust — Delaware VIP Opportunity Series
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Healthcare — 12.82% | |||
Amicus Therapeutics † | 26,788 | $ 279,667 | |
Azenta | 7,102 | 304,392 | |
Bio-Techne | 1,857 | 527,388 | |
Blueprint Medicines † | 6,959 | 458,528 | |
Catalent † | 9,134 | 660,936 | |
Encompass Health | 10,190 | 460,894 | |
Exact Sciences † | 5,642 | 183,309 | |
Halozyme Therapeutics † | 15,017 | 593,772 | |
ICON † | 2,627 | 482,790 | |
Insmed † | 13,368 | 287,947 | |
Inspire Medical Systems † | 2,860 | 507,278 | |
Ligand Pharmaceuticals † | 4,718 | 406,267 | |
Natera † | 6,589 | 288,730 | |
Neurocrine Biosciences † | 6,656 | 706,934 | |
QuidelOrtho † | 3,774 | 269,765 | |
Repligen † | 3,625 | 678,274 | |
Shockwave Medical † | 2,962 | 823,643 | |
Supernus Pharmaceuticals † | 13,055 | 441,912 | |
Ultragenyx Pharmaceutical † | 7,008 | 290,201 | |
8,652,627 | |||
Media — 1.64% | |||
IMAX † | 16,381 | 231,300 | |
Interpublic Group of Companies | 20,028 | 512,717 | |
Nexstar Media Group | 2,164 | 361,063 | |
1,105,080 | |||
Real Estate Investment Trusts — 6.37% | |||
Brixmor Property Group | 31,884 | 588,897 | |
Camden Property Trust | 5,509 | 658,050 | |
DiamondRock Hospitality | 27,998 | 210,265 | |
First Industrial Realty Trust | 14,092 | 631,463 | |
Kite Realty Group Trust | 29,344 | 505,304 | |
Life Storage | 6,586 | 729,465 | |
LXP Industrial Trust | 31,394 | 287,569 | |
Pebblebrook Hotel Trust | 20,315 | 294,771 | |
Physicians Realty Trust | 26,185 | 393,822 | |
4,299,606 | |||
Technology — 13.10% | |||
Blackline † | 2,913 | 174,489 | |
Box Class A † | 8,928 | 217,754 | |
Coherent † | 10,400 | 362,440 | |
Dynatrace † | 9,538 | 332,018 | |
ExlService Holdings † | 6,571 | 968,303 | |
Guidewire Software † | 4,661 | 287,024 | |
MACOM Technology Solutions Holdings † | 6,942 | 359,526 | |
MaxLinear † | 12,220 | 398,616 | |
ON Semiconductor † | 10,837 | 675,470 | |
Paycom Software † | 459 | 151,466 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Technology (continued) | |||
Procore Technologies † | 6,037 | $ 298,711 | |
PTC † | 7,933 | 829,792 | |
Q2 Holdings † | 6,852 | 220,634 | |
Rapid7 † | 5,816 | 249,506 | |
Semtech † | 7,315 | 215,134 | |
Silicon Laboratories † | 2,948 | 363,901 | |
Smartsheet Class A † | 8,219 | 282,405 | |
Sprout Social Class A † | 2,749 | 166,809 | |
SS&C Technologies Holdings | 5,059 | 241,567 | |
Tyler Technologies † | 361 | 125,448 | |
Varonis Systems † | 12,092 | 320,680 | |
WNS Holdings ADR † | 9,937 | 813,244 | |
Yelp † | 11,958 | 405,496 | |
Ziff Davis † | 5,586 | 382,529 | |
8,842,962 | |||
Transportation — 2.95% | |||
Allegiant Travel † | 3,212 | 234,412 | |
Kirby † | 9,652 | 586,552 | |
Knight-Swift Transportation Holdings | 11,480 | 561,716 | |
Werner Enterprises | 16,275 | 611,940 | |
1,994,620 | |||
Utilities — 1.98% | |||
Black Hills | 10,150 | 687,460 | |
Spire | 10,388 | 647,484 | |
1,334,944 | |||
Total Common Stocks (cost $63,013,053) | 66,451,745 | ||
Short-Term Investments — 1.79% | |||
Money Market Mutual Funds — 1.79% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 2.76%) | 302,279 | 302,279 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 2.74%) | 302,281 | 302,281 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 2.98%) | 302,281 | 302,281 | |
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 2.80%) | 302,281 | 302,281 | |
Total Short-Term Investments (cost $1,209,122) | 1,209,122 | ||
2 NQ-FL4 [9/22] 11/22 (2605512)
Value (US $) | |||
Total Value of Securities—100.22% (cost $64,222,175) | 67,660,867 | ||
Liabilities Net of Receivables and Other Assets—(0.22%) | (147,339) | ||
Net Assets Applicable to 4,501,811 Shares Outstanding—100.00% | $67,513,528 |
† | Non-income producing security. |
Summary of abbreviations: |
ADR – American Depositary Receipt |
NQ-FL4 [9/22] 11/22 (2605512) 3