Schedule of investments
Delaware VIP® Trust — Delaware VIP International Series
September 30, 2023 (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks – 97.72%Δ | |||
Australia − 1.69% | |||
Newcrest Mining | 179,844 | $ 2,835,265 | |
2,835,265 | |||
Austria − 1.53% | |||
Mondi | 153,387 | 2,568,599 | |
2,568,599 | |||
Brazil − 2.76% | |||
Banco do Brasil ADR | 275,239 | 2,565,227 | |
MercadoLibre † | 1,616 | 2,048,894 | |
4,614,121 | |||
Canada − 5.65% | |||
Canadian Pacific Kansas City | 29,447 | 2,188,823 | |
Dollarama | 67,374 | 4,641,899 | |
Suncor Energy | 76,147 | 2,618,683 | |
9,449,405 | |||
China − 5.48% | |||
Budweiser Brewing APAC 144A # | 1,626,600 | 3,211,262 | |
China Mengniu Dairy † | 1,037,000 | 3,476,111 | |
Tencent Holdings | 63,400 | 2,479,020 | |
9,166,393 | |||
Denmark − 3.17% | |||
Genmab † | 10,081 | 3,584,000 | |
Novo Nordisk Class B | 18,834 | 1,719,087 | |
5,303,087 | |||
France − 15.61% | |||
Airbus | 29,205 | 3,920,760 | |
BNP Paribas | 44,322 | 2,831,715 | |
L'Oreal | 14,111 | 5,866,094 | |
LVMH Moet Hennessy Louis Vuitton | 6,419 | 4,861,840 | |
Thales | 23,987 | 3,375,450 | |
TotalEnergies | 53,046 | 3,494,524 | |
Vinci | 15,926 | 1,768,302 | |
26,118,685 | |||
Germany − 8.75% | |||
Deutsche Telekom | 206,014 | 4,327,415 | |
Heidelberg Materials | 30,936 | 2,404,625 | |
HelloFresh † | 125,674 | 3,757,531 | |
SAP | 32,062 | 4,163,297 | |
14,652,868 | |||
Hong Kong − 1.55% | |||
Prudential | 239,566 | 2,597,913 | |
2,597,913 | |||
India − 2.57% | |||
Axis Bank GDR | 35,408 | 2,220,082 |
Number of shares | Value (US $) | ||
Common StocksΔ (continued) | |||
India (continued) | |||
ICICI Bank ADR | 89,858 | $ 2,077,517 | |
4,297,599 | |||
Italy − 2.01% | |||
Moncler | 57,762 | 3,363,674 | |
3,363,674 | |||
Japan − 14.72% | |||
Asahi Group Holdings | 133,400 | 4,990,003 | |
Inpex | 77,500 | 1,169,968 | |
Mitsubishi UFJ Financial Group | 509,200 | 4,322,271 | |
Mitsui Chemicals | 92,200 | 2,391,993 | |
Renesas Electronics † | 229,100 | 3,503,801 | |
Seven & i Holdings | 128,700 | 5,042,415 | |
Tokio Marine Holdings | 138,900 | 3,220,613 | |
24,641,064 | |||
Netherlands − 6.17% | |||
ASML Holding | 6,719 | 3,971,658 | |
ING Groep | 227,578 | 3,019,616 | |
Shell | 103,309 | 3,331,861 | |
10,323,135 | |||
Spain − 2.01% | |||
Banco Bilbao Vizcaya Argentaria | 411,941 | 3,357,895 | |
3,357,895 | |||
Switzerland − 5.40% | |||
Alcon | 40,685 | 3,135,186 | |
Nestle | 52,140 | 5,909,219 | |
9,044,405 | |||
Taiwan − 2.20% | |||
Taiwan Semiconductor Manufacturing ADR | 42,430 | 3,687,167 | |
3,687,167 | |||
United Kingdom − 10.56% | |||
AstraZeneca | 28,855 | 3,908,568 | |
Haleon | 1,155,476 | 4,805,291 | |
HSBC Holdings | 370,985 | 2,919,068 | |
Reckitt Benckiser Group | 85,528 | 6,046,196 | |
17,679,123 | |||
United States − 5.89% | |||
Schlumberger | 52,735 | 3,074,451 | |
Seagate Technology Holdings | 60,063 | 3,961,155 | |
Stellantis | 146,800 | 2,826,270 | |
9,861,876 | |||
Total Common Stocks (cost $166,306,036) | 163,562,274 | ||
NQ-FL6 [0923] 1123 (3217053) 1
Schedule of investments
Delaware VIP® Trust — Delaware VIP International Series
Number of shares | Value (US $) | ||
Preferred Stock – 0.51% | |||
Germany − 0.51% | |||
Sartorius 0.45% ω | 2,510 | $ 853,960 | |
Total Preferred Stock (cost $848,457) | 853,960 |
Short-Term Investments – 1.08% | |||
Money Market Mutual Funds – 1.08% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 5.24%) | 451,048 | 451,048 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 5.23%) | 451,048 | 451,048 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 5.37%) | 451,048 | 451,048 | |
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 5.27%) | 451,048 | 451,048 | |
Total Short-Term Investments (cost $1,804,192) | 1,804,192 | ||
Total Value of Securities−99.31% (cost $168,958,685) | 166,220,426 | ||
Receivables and Other Assets Net of Liabilities — 0.69% | 1,156,283 |
Net Assets Applicable to 10,610,541 Shares Outstanding — 100.00% | $167,376,709 |
Δ | Securities have been classified by country of risk. |
† | Non-income producing security. |
# | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At September 30, 2023, the aggregate value of Rule 144A securities was $3,211,262, which represents 1.92% of the Series' net assets. |
ω | Perpetual security with no stated maturity date. |
Summary of abbreviations: |
ADR – American Depositary Receipt |
GDR – Global Depositary Receipt |
2 NQ-FL6 [0923] 1123 (3217053)