Schedule of investments
Delaware VIP® Trust — Delaware VIP Total Return Series
September 30, 2022 (Unaudited)
Principal amount° | Value (US $) | ||
Convertible Bonds — 8.87% | |||
Basic Industry — 0.14% | |||
Ivanhoe Mines 144A 2.50% exercise price $7.43, maturity date 4/15/26 # | 48,000 | $ 54,182 | |
54,182 | |||
Capital Goods — 0.29% | |||
Kaman 3.25% exercise price $65.26, maturity date 5/1/24 | 122,000 | 115,107 | |
115,107 | |||
Communications — 1.08% | |||
Cable One 1.125% exercise price $2,275.83, maturity date 3/15/28 | 153,000 | 110,925 | |
DISH Network 3.375% exercise price $65.18, maturity date 8/15/26 | 165,000 | 113,933 | |
Liberty Broadband 144A 1.25% exercise price $900.01, maturity date 9/30/50 # | 170,000 | 161,500 | |
Liberty Latin America 2.00% exercise price $20.65, maturity date 7/15/24 | 51,000 | 44,850 | |
431,208 | |||
Consumer Cyclical — 0.56% | |||
Cheesecake Factory 0.375% exercise price $77.77, maturity date 6/15/26 | 179,000 | 139,284 | |
Ford Motor 3.177% exercise price $17.02, maturity date 3/15/26 ^ | 91,000 | 83,675 | |
222,959 | |||
Consumer Non-Cyclical — 2.53% | |||
BioMarin Pharmaceutical 0.599% exercise price $124.67, maturity date 8/1/24 | 45,000 | 44,700 | |
Chefs' Warehouse 1.875% exercise price $44.20, maturity date 12/1/24 | 165,000 | 162,525 | |
Chegg 4.67% exercise price $107.55, maturity date 9/1/26 ^ | 172,000 | 131,405 | |
Coherus Biosciences 1.50% exercise price $19.26, maturity date 4/15/26 | 91,000 | 72,004 | |
Collegium Pharmaceutical 2.625% exercise price $29.19, maturity date 2/15/26 | 68,000 | 58,599 | |
CONMED 144A 2.25% exercise price $145.33, maturity date 6/15/27 # | 125,000 | 108,125 |
Principal amount° | Value (US $) | ||
Convertible Bonds (continued) | |||
Consumer Non-Cyclical (continued) | |||
Integra LifeSciences Holdings 0.50% exercise price $73.67, maturity date 8/15/25 | 146,000 | $ 128,068 | |
Ionis Pharmaceuticals 0.125% exercise price $83.28, maturity date 12/15/24 | 99,000 | 90,024 | |
Jazz Investments I 2.00% exercise price $155.81, maturity date 6/15/26 | 55,000 | 59,125 | |
Paratek Pharmaceuticals 4.75% exercise price $15.90, maturity date 5/1/24 | 171,000 | 152,977 | |
1,007,552 | |||
Electric — 0.61% | |||
NextEra Energy Partners 144A 1.048% exercise price $75.96, maturity date 11/15/25 #, ^ | 45,000 | 45,133 | |
NRG Energy 2.75% exercise price $43.77, maturity date 6/1/48 | 95,000 | 101,603 | |
Ormat Technologies 144A 2.50% exercise price $90.27, maturity date 7/15/27 # | 83,000 | 95,533 | |
242,269 | |||
Energy — 0.38% | |||
Helix Energy Solutions Group 6.75% exercise price $6.97, maturity date 2/15/26 | 150,000 | 152,625 | |
152,625 | |||
Financials — 0.58% | |||
FTI Consulting 2.00% exercise price $101.38, maturity date 8/15/23 | 80,000 | 132,368 | |
Repay Holdings 144A 2.007% exercise price $33.60, maturity date 2/1/26 #, ^ | 141,000 | 100,110 | |
232,478 | |||
Industrials — 0.36% | |||
Chart Industries 144A 1.00% exercise price $58.72, maturity date 11/15/24 # | 42,000 | 132,208 | |
Danimer Scientific 144A 3.25% exercise price $10.79, maturity date 12/15/26 # | 25,000 | 13,250 | |
145,458 |
NQ-FL7 [9/22] 11/22 (2605516) 1
Schedule of investments
Delaware VIP® Trust — Delaware VIP Total Return Series
Principal amount° | Value (US $) | ||
Convertible Bonds (continued) | |||
Real Estate Investment Trusts — 0.34% | |||
Blackstone Mortgage Trust 4.75% exercise price $36.22, maturity date 3/15/23 | 104,000 | $ 103,613 | |
Summit Hotel Properties 1.50% exercise price $11.94, maturity date 2/15/26 | 40,000 | 33,360 | |
136,973 | |||
Technology — 1.62% | |||
Block 0.125% exercise price $121.00, maturity date 3/1/25 | 74,000 | 67,433 | |
InterDigital 144A 3.50% exercise price $77.50, maturity date 6/1/27 # | 164,000 | 143,336 | |
ON Semiconductor 1.625% exercise price $20.72, maturity date 10/15/23 | 43,000 | 129,795 | |
Palo Alto Networks 0.75% exercise price $88.78, maturity date 7/1/23 | 69,000 | 128,099 | |
Quotient Technology 1.75% exercise price $17.36, maturity date 12/1/22 | 68,000 | 67,150 | |
Vishay Intertechnology 2.25% exercise price $31.23, maturity date 6/15/25 | 58,000 | 54,050 | |
Wolfspeed 144A 0.25% exercise price $127.22, maturity date 2/15/28 # | 53,000 | 55,703 | |
645,566 | |||
Transportation — 0.38% | |||
Seaspan 144A 3.75% exercise price $13.01, maturity date 12/15/25 # | 45,000 | 52,672 | |
Spirit Airlines 1.00% exercise price $49.07, maturity date 5/15/26 | 116,000 | 99,354 | |
152,026 | |||
Total Convertible Bonds (cost $3,634,789) | 3,538,403 | ||
Corporate Bonds — 8.19% | |||
Automotive — 0.18% | |||
Allison Transmission 144A 5.875% 6/1/29 # | 55,000 | 49,861 | |
Goodyear Tire & Rubber 5.25% 7/15/31 | 25,000 | 20,030 | |
69,891 |
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Basic Industry — 0.44% | |||
ATI 5.125% 10/1/31 | 15,000 | $ 12,281 | |
Avient 144A 5.75% 5/15/25 # | 17,000 | 16,426 | |
Chemours 144A 5.75% 11/15/28 # | 35,000 | 28,707 | |
FMG Resources August 2006 144A 5.875% 4/15/30 # | 25,000 | 21,782 | |
Freeport-McMoRan 5.45% 3/15/43 | 62,000 | 51,836 | |
Novelis 144A 4.75% 1/30/30 # | 35,000 | 28,789 | |
Olin 5.00% 2/1/30 | 20,000 | 16,626 | |
176,447 | |||
Capital Goods — 0.29% | |||
Madison IAQ 144A 5.875% 6/30/29 # | 30,000 | 20,948 | |
Sealed Air 144A 5.00% 4/15/29 # | 25,000 | 22,346 | |
Terex 144A 5.00% 5/15/29 # | 40,000 | 34,410 | |
TransDigm 144A 6.25% 3/15/26 # | 40,000 | 38,868 | |
116,572 | |||
Communications — 0.43% | |||
Altice France 144A 5.50% 10/15/29 # | 35,000 | 26,421 | |
Consolidated Communications | |||
144A 5.00% 10/1/28 # | 20,000 | 13,947 | |
144A 6.50% 10/1/28 # | 20,000 | 15,000 | |
Frontier Communications Holdings | |||
144A 5.875% 10/15/27 # | 55,000 | 49,418 | |
144A 6.75% 5/1/29 # | 20,000 | 16,546 | |
T-Mobile USA | |||
2.625% 4/15/26 | 20,000 | 18,148 | |
3.375% 4/15/29 | 20,000 | 17,310 | |
3.50% 4/15/31 | 17,000 | 14,313 | |
171,103 | |||
Consumer Cyclical — 0.01% | |||
American Airlines 144A 5.75% 4/20/29 # | 5,000 | 4,371 | |
4,371 | |||
Consumer Goods — 0.14% | |||
Pilgrim's Pride 144A 4.25% 4/15/31 # | 25,000 | 20,007 | |
Post Holdings 144A 5.50% 12/15/29 # | 43,000 | 37,239 | |
57,246 | |||
Consumer Non-Cyclical — 0.08% | |||
1375209 BC 144A 9.00% 1/30/28 # | 11,490 | 11,461 | |
Bausch Health | |||
144A 11.00% 9/30/28 # | 20,425 | 16,544 | |
144A 14.00% 10/15/30 # | 4,085 | 2,247 | |
30,252 |
2 NQ-FL7 [9/22] 11/22 (2605516)
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Energy — 1.37% | |||
Ascent Resources Utica Holdings | |||
144A 5.875% 6/30/29 # | 35,000 | $ 31,213 | |
144A 7.00% 11/1/26 # | 20,000 | 19,304 | |
Callon Petroleum 144A 8.00% 8/1/28 # | 30,000 | 27,734 | |
CNX Midstream Partners 144A 4.75% 4/15/30 # | 15,000 | 11,798 | |
CNX Resources 144A 6.00% 1/15/29 # | 35,000 | 32,017 | |
Crestwood Midstream Partners | |||
144A 5.625% 5/1/27 # | 11,000 | 9,979 | |
144A 6.00% 2/1/29 # | 31,000 | 27,787 | |
EQM Midstream Partners 144A 4.75% 1/15/31 # | 38,000 | 30,252 | |
Genesis Energy | |||
7.75% 2/1/28 | 60,000 | 52,271 | |
8.00% 1/15/27 | 35,000 | 30,755 | |
Hilcorp Energy I | |||
144A 6.00% 4/15/30 # | 25,000 | 21,844 | |
144A 6.00% 2/1/31 # | 5,000 | 4,351 | |
144A 6.25% 4/15/32 # | 15,000 | 13,309 | |
Murphy Oil 6.375% 7/15/28 | 65,000 | 61,519 | |
NuStar Logistics | |||
5.625% 4/28/27 | 30,000 | 26,200 | |
6.00% 6/1/26 | 10,000 | 9,175 | |
Occidental Petroleum | |||
6.45% 9/15/36 | 10,000 | 10,025 | |
6.60% 3/15/46 | 25,000 | 25,808 | |
6.625% 9/1/30 | 10,000 | 10,174 | |
PDC Energy 5.75% 5/15/26 | 43,000 | 39,838 | |
Southwestern Energy | |||
5.375% 2/1/29 | 5,000 | 4,544 | |
5.375% 3/15/30 | 15,000 | 13,548 | |
7.75% 10/1/27 | 18,000 | 18,335 | |
Weatherford International 144A 8.625% 4/30/30 # | 15,000 | 13,097 | |
544,877 | |||
Financial Services — 0.33% | |||
Ally Financial 8.00% 11/1/31 | 35,000 | 36,746 | |
Castlelake Aviation Finance DAC 144A 5.00% 4/15/27 # | 35,000 | 29,812 | |
Hightower Holding 144A 6.75% 4/15/29 # | 30,000 | 24,532 | |
Medline Borrower 144A 3.875% 4/1/29 # | 20,000 | 16,067 | |
MSCI 144A 3.625% 11/1/31 # | 30,000 | 24,108 | |
131,265 |
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Financials — 0.07% | |||
VICI Properties 144A 3.875% 2/15/29 # | 35,000 | $ 29,435 | |
29,435 | |||
Healthcare — 0.75% | |||
Avantor Funding 144A 3.875% 11/1/29 # | 75,000 | 61,062 | |
CHS 144A 4.75% 2/15/31 # | 30,000 | 20,215 | |
DaVita 144A 4.625% 6/1/30 # | 30,000 | 23,286 | |
Encompass Health 4.75% 2/1/30 | 30,000 | 24,728 | |
Hadrian Merger Sub 144A 8.50% 5/1/26 # | 40,000 | 36,744 | |
HCA | |||
5.375% 2/1/25 | 30,000 | 29,677 | |
5.875% 2/15/26 | 35,000 | 34,565 | |
ModivCare Escrow Issuer 144A 5.00% 10/1/29 # | 25,000 | 20,362 | |
Tenet Healthcare | |||
144A 4.375% 1/15/30 # | 15,000 | 12,553 | |
144A 6.125% 10/1/28 # | 40,000 | 35,108 | |
298,300 | |||
Insurance — 0.28% | |||
HUB International 144A 5.625% 12/1/29 # | 35,000 | 29,294 | |
NFP | |||
144A 6.875% 8/15/28 # | 25,000 | 19,542 | |
144A 7.50% 10/1/30 # | 10,000 | 9,502 | |
USI 144A 6.875% 5/1/25 # | 55,000 | 52,937 | |
111,275 | |||
Leisure — 0.74% | |||
Boyd Gaming | |||
4.75% 12/1/27 | 35,000 | 31,045 | |
144A 4.75% 6/15/31 # | 5,000 | 4,056 | |
Caesars Entertainment 144A 6.25% 7/1/25 # | 75,000 | 72,406 | |
Carnival | |||
144A 5.75% 3/1/27 # | 75,000 | 52,708 | |
144A 7.625% 3/1/26 # | 50,000 | 38,076 | |
Royal Caribbean Cruises 144A 5.50% 4/1/28 # | 75,000 | 52,712 | |
Scientific Games International 144A 7.25% 11/15/29 # | 20,000 | 18,640 | |
Six Flags Entertainment 144A 4.875% 7/31/24 # | 25,000 | 23,845 | |
293,488 | |||
Media — 1.21% | |||
AMC Networks 4.25% 2/15/29 | 65,000 | 48,208 | |
CCO Holdings | |||
4.50% 5/1/32 | 90,000 | 68,801 | |
144A 5.375% 6/1/29 # | 30,000 | 26,325 | |
NQ-FL7 [9/22] 11/22 (2605516) 3
Schedule of investments
Delaware VIP® Trust — Delaware VIP Total Return Series
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Media (continued) | |||
CMG Media 144A 8.875% 12/15/27 # | 35,000 | $ 26,786 | |
CSC Holdings 144A 5.75% 1/15/30 # | 200,000 | 142,520 | |
Cumulus Media New Holdings 144A 6.75% 7/1/26 # | 36,000 | 30,408 | |
Directv Financing 144A 5.875% 8/15/27 # | 25,000 | 21,609 | |
Gray Escrow II 144A 5.375% 11/15/31 # | 25,000 | 19,664 | |
Nielsen Finance | |||
144A 4.50% 7/15/29 # | 10,000 | 9,981 | |
144A 4.75% 7/15/31 # | 30,000 | 29,455 | |
Sirius XM Radio 144A 4.00% 7/15/28 # | 70,000 | 59,688 | |
483,445 | |||
Retail — 0.45% | |||
Asbury Automotive Group | |||
144A 4.625% 11/15/29 # | 30,000 | 24,057 | |
4.75% 3/1/30 | 15,000 | 11,739 | |
Bath & Body Works | |||
6.875% 11/1/35 | 35,000 | 29,323 | |
6.95% 3/1/33 | 29,000 | 23,370 | |
CP Atlas Buyer 144A 7.00% 12/1/28 # | 15,000 | 11,193 | |
Levi Strauss & Co. 144A 3.50% 3/1/31 # | 32,000 | 25,004 | |
LSF9 Atlantis Holdings 144A 7.75% 2/15/26 # | 29,000 | 25,919 | |
Murphy Oil USA 144A 3.75% 2/15/31 # | 35,000 | 28,201 | |
178,806 | |||
Services — 0.52% | |||
Iron Mountain 144A 5.25% 3/15/28 # | 55,000 | 48,321 | |
NESCO Holdings II 144A 5.50% 4/15/29 # | 25,000 | 20,869 | |
Prime Security Services Borrower 144A 5.75% 4/15/26 # | 65,000 | 61,252 | |
United Rentals North America 3.875% 2/15/31 | 56,000 | 45,662 | |
Univar Solutions USA 144A 5.125% 12/1/27 # | 25,000 | 22,302 | |
White Cap Buyer 144A 6.875% 10/15/28 # | 12,000 | 9,816 | |
208,222 | |||
Technology — 0.00% | |||
Entegris Escrow 144A 4.75% 4/15/29 # | 2,000 | 1,766 | |
1,766 |
Principal amount° | Value (US $) | ||
Corporate Bonds (continued) | |||
Technology & Electronics — 0.26% | |||
Entegris Escrow 144A 5.95% 6/15/30 # | 30,000 | $ 27,448 | |
Go Daddy Operating 144A 3.50% 3/1/29 # | 40,000 | 32,813 | |
Sensata Technologies 144A 4.00% 4/15/29 # | 10,000 | 8,297 | |
SS&C Technologies 144A 5.50% 9/30/27 # | 40,000 | 36,571 | |
105,129 | |||
Transportation — 0.35% | |||
Delta Air Lines 7.375% 1/15/26 | 24,000 | 24,300 | |
Laredo Petroleum 144A 7.75% 7/31/29 # | 20,000 | 18,467 | |
Seaspan 144A 5.50% 8/1/29 # | 35,000 | 27,036 | |
United Airlines | |||
144A 4.375% 4/15/26 # | 15,000 | 13,414 | |
144A 4.625% 4/15/29 # | 20,000 | 16,599 | |
VistaJet Malta Finance 144A 6.375% 2/1/30 # | 48,000 | 39,359 | |
139,175 | |||
Utilities — 0.29% | |||
Calpine | |||
144A 4.50% 2/15/28 # | 16,000 | 14,131 | |
144A 5.00% 2/1/31 # | 35,000 | 27,860 | |
144A 5.25% 6/1/26 # | 16,000 | 15,103 | |
PG&E 5.25% 7/1/30 | 20,000 | 17,065 | |
Vistra | |||
144A 7.00% 12/15/26 #, μ, ψ | 30,000 | 26,258 | |
144A 8.00% 10/15/26 #, μ, ψ | 15,000 | 13,817 | |
114,234 | |||
Total Corporate Bonds (cost $3,969,829) | 3,265,299 | ||
US Treasury Obligations — 25.91% | |||
US Treasury Bonds | |||
1.375% 8/15/50 | 220,000 | 127,514 | |
1.875% 2/15/51 | 270,000 | 178,854 | |
2.25% 8/15/49 | 165,000 | 120,759 | |
2.25% 2/15/52 | 20,000 | 14,538 | |
2.50% 2/15/45 | 70,000 | 53,430 | |
2.50% 2/15/46 | 90,000 | 68,407 | |
2.875% 5/15/43 | 90,000 | 74,257 | |
3.00% 5/15/42 | 65,000 | 55,349 | |
3.00% 2/15/47 | 105,000 | 87,880 | |
3.00% 8/15/48 | 150,000 | 126,987 | |
3.00% 8/15/52 | 30,000 | 25,899 | |
3.125% 11/15/41 | 165,000 | 143,627 | |
3.375% 5/15/44 | 85,000 | 75,906 | |
4.25% 11/15/40 | 130,000 | 134,314 |
4 NQ-FL7 [9/22] 11/22 (2605516)
Principal amount° | Value (US $) | ||
US Treasury Obligations (continued) | |||
US Treasury Bonds | |||
4.375% 11/15/39 | 35,000 | $ 36,998 | |
4.50% 5/15/38 | 15,000 | 16,177 | |
5.00% 5/15/37 | 30,000 | 34,062 | |
US Treasury Notes | |||
0.125% 4/30/23 | 500,000 | 488,822 | |
0.625% 12/31/27 | 550,000 | 461,463 | |
1.00% 7/31/28 | 880,000 | 741,434 | |
1.125% 2/15/31 | 100,000 | 81,004 | |
1.375% 8/31/23 | 2,820,000 | 2,746,527 | |
1.50% 2/15/30 | 280,000 | 237,716 | |
2.125% 5/31/26 | 1,055,000 | 981,047 | |
2.625% 7/31/29 | 230,000 | 211,402 | |
2.75% 2/15/24 | 1,800,000 | 1,761,891 | |
2.875% 5/31/25 | 1,000,000 | 965,039 | |
5.375% 2/15/31 | 255,000 | 282,059 | |
Total US Treasury Obligations (cost $11,347,333) | 10,333,362 |
Number of shares | |||
Common Stocks — 51.38% | |||
Basic Materials — 0.25% | |||
Boise Cascade | 1,695 | 100,785 | |
100,785 | |||
Communication Services — 2.27% | |||
Alphabet Class A † | 480 | 45,912 | |
Alphabet Class C † | 200 | 19,230 | |
AT&T | 3,033 | 46,526 | |
Comcast Class A | 5,683 | 166,682 | |
Interpublic Group of Companies | 711 | 18,202 | |
KDDI | 900 | 26,313 | |
Orange | 2,990 | 27,043 | |
Publicis Groupe | 670 | 31,746 | |
Verizon Communications | 9,177 | 348,451 | |
Walt Disney † | 1,842 | 173,756 | |
903,861 | |||
Consumer Discretionary — 6.55% | |||
adidas AG | 440 | 50,583 | |
Amazon.com † | 475 | 53,675 | |
APA | 2,582 | 88,279 | |
Best Buy | 1,991 | 126,110 | |
Dollar General | 851 | 204,121 | |
Dollar Tree † | 1,400 | 190,540 | |
eBay | 1,482 | 54,552 | |
H & M Hennes & Mauritz Class B | 2,950 | 27,273 | |
Home Depot | 1,036 | 285,874 | |
Lowe's | 1,244 | 233,636 | |
Macy's | 6,190 | 96,997 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Consumer Discretionary (continued) | |||
NIKE Class B | 1,436 | $ 119,360 | |
PulteGroup | 1,262 | 47,325 | |
Ross Stores | 1,992 | 167,866 | |
Sodexo | 880 | 66,088 | |
Starbucks | 396 | 33,367 | |
Sturm Ruger & Co. | 588 | 29,864 | |
Swatch Group | 340 | 76,363 | |
Tesla † | 111 | 29,443 | |
TJX | 6,883 | 427,572 | |
Tractor Supply | 1,011 | 187,925 | |
Ulta Beauty † | 42 | 16,850 | |
2,613,663 | |||
Consumer Staples — 3.31% | |||
Altria Group | 4,617 | 186,434 | |
Archer-Daniels-Midland | 2,300 | 185,035 | |
Asahi Group Holdings | 600 | 18,706 | |
Conagra Brands | 6,000 | 195,780 | |
Danone | 1,210 | 57,215 | |
Diageo | 2,200 | 92,606 | |
Essity Class B | 2,570 | 50,775 | |
Kao | 1,600 | 65,105 | |
Koninklijke Ahold Delhaize | 3,580 | 91,188 | |
Nestle | 920 | 99,505 | |
Philip Morris International | 2,445 | 202,959 | |
Seven & i Holdings | 600 | 24,102 | |
Unilever | 1,110 | 48,773 | |
1,318,183 | |||
Energy — 3.52% | |||
Chevron | 927 | 133,182 | |
ConocoPhillips | 3,454 | 353,482 | |
Coterra Energy | 3,041 | 79,431 | |
Devon Energy | 2,182 | 131,204 | |
EOG Resources | 625 | 69,831 | |
Exxon Mobil | 3,719 | 324,706 | |
Kinder Morgan | 4,630 | 77,043 | |
Marathon Petroleum | 2,081 | 206,706 | |
Viper Energy Partners | 1,052 | 30,150 | |
1,405,735 | |||
Financials — 6.71% | |||
American Financial Group | 1,603 | 197,057 | |
American International Group | 3,800 | 180,424 | |
Ameriprise Financial | 587 | 147,895 | |
BlackRock | 314 | 172,788 | |
Blackstone | 1,816 | 151,999 | |
Carlyle Group | 2,713 | 70,104 | |
Diamond Hill Investment Group | 104 | 17,160 | |
Discover Financial Services | 2,578 | 234,392 | |
Evercore Class A | 516 | 42,441 | |
Fidelity National Financial | 1,170 | 42,354 |
NQ-FL7 [9/22] 11/22 (2605516) 5
Schedule of investments
Delaware VIP® Trust — Delaware VIP Total Return Series
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Financials (continued) | |||
Invesco | 6,178 | $ 84,638 | |
MetLife | 6,659 | 404,734 | |
Moelis & Co. Class A | 1,189 | 40,200 | |
Principal Financial Group | 2,685 | 193,723 | |
Prudential Financial | 2,276 | 195,235 | |
Rithm Capital | 4,444 | 32,530 | |
Synchrony Financial | 3,659 | 103,147 | |
Truist Financial | 4,300 | 187,222 | |
US Bancorp | 4,400 | 177,408 | |
2,675,451 | |||
Healthcare — 7.67% | |||
AbbVie | 1,783 | 239,296 | |
AmerisourceBergen | 1,447 | 195,823 | |
Amgen | 186 | 41,924 | |
Baxter International | 3,500 | 188,510 | |
Bristol-Myers Squibb | 3,050 | 216,825 | |
Cigna | 700 | 194,229 | |
CVS Health | 2,000 | 190,740 | |
Fresenius Medical Care AG & Co. | 1,150 | 32,399 | |
Gilead Sciences | 1,276 | 78,716 | |
Healthcare Realty Trust | 924 | 19,265 | |
Hologic † | 3,042 | 196,270 | |
Johnson & Johnson | 3,326 | 543,335 | |
Merck & Co. | ��� 5,052 | 435,078 | |
Novo Nordisk Class B | 830 | 82,683 | |
Pfizer | 3,352 | 146,684 | |
Roche Holding | 210 | 68,362 | |
Smith & Nephew | 7,090 | 81,838 | |
UnitedHealth Group | 212 | 107,069 | |
3,059,046 | |||
Industrials — 2.38% | |||
Dover | 1,591 | 185,479 | |
Honeywell International | 1,086 | 181,329 | |
Intertek Group | 980 | 40,208 | |
Knorr-Bremse | 750 | 32,207 | |
Lockheed Martin | 109 | 42,106 | |
Makita | 1,800 | 34,930 | |
Northrop Grumman | 400 | 188,128 | |
Raytheon Technologies | 2,239 | 183,285 | |
Robert Half International | 262 | 20,043 | |
Securitas Class B | 6,240 | 43,318 | |
951,033 | |||
Information Technology — 12.63% | |||
Amadeus IT Group † | 1,870 | 86,698 | |
Apple | 7,533 | 1,041,061 | |
Applied Materials | 648 | 53,091 | |
Broadcom | 956 | 424,473 | |
Cisco Systems | 8,463 | 338,520 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Information Technology (continued) | |||
Cognizant Technology Solutions Class A | 3,178 | $ 182,544 | |
Dell Technologies Class C | 1,335 | 45,617 | |
Fidelity National Information Services | 2,164 | 163,533 | |
HP | 6,814 | 169,805 | |
KLA | 198 | 59,921 | |
Lam Research | 378 | 138,348 | |
Microchip Technology | 336 | 20,506 | |
Micron Technology | 1,646 | 82,465 | |
Microsoft | 3,545 | 825,630 | |
Monolithic Power Systems | 409 | 148,631 | |
Motorola Solutions | 800 | 179,176 | |
NetApp | 2,679 | 165,696 | |
NVIDIA | 1,361 | 165,212 | |
Oracle | 2,700 | 164,889 | |
Paychex | 1,761 | 197,602 | |
QUALCOMM | 1,579 | 178,395 | |
SAP | 780 | 63,566 | |
Western Union | 10,388 | 140,238 | |
5,035,617 | |||
Materials — 1.25% | |||
Air Liquide | 680 | 77,724 | |
CF Industries Holdings | 1,165 | 112,131 | |
Dow | 2,439 | 107,145 | |
DuPont de Nemours | 3,500 | 176,400 | |
Ryerson Holding | 1,037 | 26,692 | |
500,092 | |||
REIT Diversified — 0.31% | |||
Gaming and Leisure Properties | 385 | 17,032 | |
LXP Industrial Trust | 1,098 | 10,058 | |
VICI Properties | 3,290 | 98,207 | |
125,297 | |||
REIT Healthcare — 0.28% | |||
Alexandria Real Estate Equities | 272 | 38,132 | |
CareTrust REIT | 452 | 8,186 | |
Healthpeak Properties | 271 | 6,211 | |
Medical Properties Trust | 474 | 5,622 | |
Omega Healthcare Investors | 26 | 767 | |
Ventas | 231 | 9,279 | |
Welltower | 655 | 42,129 | |
110,326 | |||
REIT Hotel — 0.02% | |||
Park Hotels & Resorts | 682 | 7,679 | |
7,679 | |||
REIT Industrial — 0.44% | |||
Duke Realty | 797 | 38,416 |
6 NQ-FL7 [9/22] 11/22 (2605516)
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
REIT Industrial (continued) | |||
Plymouth Industrial REIT | 199 | $ 3,345 | |
Prologis | 1,067 | 108,407 | |
Rexford Industrial Realty | 223 | 11,596 | |
Terreno Realty | 223 | 11,817 | |
173,581 | |||
REIT Information Technology — 0.22% | |||
Digital Realty Trust | 294 | 29,159 | |
Equinix | 100 | 56,884 | |
86,043 | |||
REIT Lodging — 0.11% | |||
Apple Hospitality REIT | 1,461 | 20,542 | |
Chatham Lodging Trust † | 721 | 7,116 | |
Host Hotels & Resorts | 1,115 | 17,706 | |
45,364 | |||
REIT Mall — 0.07% | |||
Simon Property Group | 302 | 27,105 | |
27,105 | |||
REIT Manufactured Housing — 0.06% | |||
Equity LifeStyle Properties | 142 | 8,923 | |
Sun Communities | 103 | 13,939 | |
22,862 | |||
REIT Multifamily — 0.87% | |||
American Homes 4 Rent Class A | 463 | 15,191 | |
AvalonBay Communities | 172 | 31,681 | |
Camden Property Trust | 165 | 19,709 | |
Equity Residential | 3,246 | 218,196 | |
Essex Property Trust | 122 | 29,552 | |
Independence Realty Trust | 611 | 10,222 | |
Mid-America Apartment Communities | 105 | 16,283 | |
UDR | 113 | 4,713 | |
345,547 | |||
REIT Office — 0.12% | |||
Boston Properties | 49 | 3,674 | |
City Office REIT | 119 | 1,186 | |
Cousins Properties | 473 | 11,045 | |
Douglas Emmett | 121 | 2,170 | |
Highwoods Properties | 582 | 15,691 | |
Kilroy Realty | 212 | 8,927 | |
Piedmont Office Realty Trust Class A | 617 | 6,515 | |
49,208 | |||
REIT Self-Storage — 0.41% | |||
CubeSmart | 180 | 7,211 | |
Extra Space Storage | 272 | 46,977 | |
Life Storage | 259 | 28,687 | |
National Storage Affiliates Trust | 283 | 11,767 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
REIT Self-Storage (continued) | |||
Public Storage | 239 | $ 69,981 | |
164,623 | |||
REIT Shopping Center — 0.30% | |||
Agree Realty | 187 | 12,638 | |
Brixmor Property Group | 1,259 | 23,254 | |
Kimco Realty | 883 | 16,256 | |
Kite Realty Group Trust | 208 | 3,582 | |
Phillips Edison & Co. | 526 | 14,754 | |
Regency Centers | 364 | 19,601 | |
Retail Opportunity Investments | 1,221 | 16,801 | |
SITE Centers | 768 | 8,225 | |
Urban Edge Properties | 379 | 5,056 | |
120,167 | |||
REIT Single Tenant — 0.16% | |||
Four Corners Property Trust | 283 | 6,846 | |
Realty Income | 527 | 30,672 | |
Spirit Realty Capital | 465 | 16,814 | |
STORE Capital | 288 | 9,023 | |
63,355 | |||
REIT Specialty — 0.37% | |||
EPR Properties | 209 | 7,495 | |
Essential Properties Realty Trust | 510 | 9,919 | |
Invitation Homes | 1,262 | 42,618 | |
Iron Mountain | 1,574 | 69,209 | |
Lamar Advertising Class A | 65 | 5,362 | |
Outfront Media | 548 | 8,324 | |
WP Carey | 88 | 6,142 | |
149,069 | |||
Retail — 0.34% | |||
Bath & Body Works | 4,191 | 136,627 | |
136,627 | |||
Utilities — 0.76% | |||
Edison International | 3,000 | 169,740 | |
Vistra | 6,381 | 134,001 | |
303,741 | |||
Total Common Stocks (cost $21,885,531) | 20,494,060 | ||
Convertible Preferred Stock — 1.51% | |||
2020 Mandatory Exchangeable Trust 144A 6.50% exercise price $47.09, maturity date 5/16/23 # | 72 | 55,606 | |
Algonquin Power & Utilities 7.75% exercise price $18.00, maturity date 6/15/24 | 815 | 30,864 | |
AMG Capital Trust II 5.15% exercise price $195.46, maturity date 10/15/37 | 702 | 34,335 |
NQ-FL7 [9/22] 11/22 (2605516) 7
Schedule of investments
Delaware VIP® Trust — Delaware VIP Total Return Series
Number of shares | Value (US $) | ||
Convertible Preferred Stock (continued) | |||
Bank of America 7.25% exercise price $50.00 ω | 63 | $ 73,899 | |
El Paso Energy Capital Trust I 4.75% exercise price $34.49, maturity date 3/31/28 | 2,164 | 99,263 | |
Elanco Animal Health 5.00% exercise price $38.40, maturity date 2/1/23 | 1,154 | 24,130 | |
Lyondellbasell Advanced Polymers 6.00% exercise price $52.33 ω | 78 | 65,910 | |
RBC Bearings 5.00% exercise price $226.60, maturity date 10/15/24 | 841 | 87,455 | |
UGI 7.25% exercise price $52.57, maturity date 6/1/24 | 1,073 | 85,572 | |
Wells Fargo & Co. 7.50% exercise price $156.71 ω | 39 | 46,956 | |
Total Convertible Preferred Stock (cost $714,249) | 603,990 | ||
Exchange-Traded Funds — 2.28% | |||
iShares MSCI EAFE ETF | 10 | 560 | |
iShares Trust iShares ESG Aware MSCI EAFE ETF | 300 | 16,839 | |
Vanguard FTSE Developed Markets ETF | 40 | 1,455 | |
Vanguard Russell 2000 ETF | 13,345 | 889,177 | |
Total Exchange-Traded Funds (cost $1,069,460) | 908,031 | ||
Rights — 0.02% | |||
Securitas† | 24,960 | 10,414 | |
Total Rights (cost $17,158) | 10,414 | ||
Short-Term Investments — 1.37% | |||
Money Market Mutual Funds — 1.37% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 2.76%) | 136,258 | 136,258 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 2.74%) | 136,258 | 136,258 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 2.98%) | 136,258 | 136,258 |
Number of shares | Value (US $) | ||
Short-Term Investments (continued) | |||
Money Market Mutual Funds (continued) | |||
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 2.80%) | 136,258 | $ 136,258 | |
Total Short-Term Investments (cost $545,032) | 545,032 | ||
Total Value of Securities—99.53% (cost $43,183,381) | 39,698,591 | ||
Receivables and Other Assets Net of Liabilities—0.47% | 186,546 | ||
Net Assets Applicable to 3,764,776 Shares Outstanding—100.00% | $39,885,137 |
° | 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 September 30, 2022, the aggregate value of Rule 144A securities was $3,404,692, which represents 8.54% of the Series' 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 September 30, 2022. Rate will reset at a future date. |
ψ | Perpetual security. Maturity date represents next call date. |
† | Non-income producing security. |
ω | Perpetual security with no stated maturity date. |
Summary of abbreviations: |
AG – Aktiengesellschaft |
DAC – Designated Activity Company |
EAFE – Europe, Australasia, and Far East |
ESG – Environmental, Social, and Governance |
ETF – Exchange-Traded Fund |
FTSE – Financial Times Stock Exchange |
ICE – Intercontinental Exchange, Inc. |
LIBOR – London Interbank Offered Rate |
LIBOR03M – ICE LIBOR USD 3 Month |
LIBOR06M – ICE LIBOR USD 6 Month |
MSCI – Morgan Stanley Capital International |
REIT – Real Estate Investment Trust |
USD – US Dollar |
8 NQ-FL7 [9/22] 11/22 (2605516)