Schedule of investments
Delaware VIP® Trust — Delaware VIP Opportunity Series
September 30, 2023 (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks — 98.73% | |||
Basic Materials — 8.22% | |||
Beacon Roofing Supply † | 11,797 | $ 910,374 | |
Boise Cascade | 8,997 | 927,051 | |
Huntsman | 40,392 | 985,565 | |
Kaiser Aluminum | 5,437 | 409,189 | |
Minerals Technologies | 12,591 | 689,483 | |
Reliance Steel & Aluminum | 3,716 | 974,447 | |
Westrock | 12,863 | 460,495 | |
Worthington Industries | 7,994 | 494,189 | |
5,850,793 | |||
Business Services — 5.08% | |||
ABM Industries | 11,098 | 444,031 | |
Aramark | 17,226 | 597,742 | |
ASGN † | 7,708 | 629,590 | |
Casella Waste Systems Class A † | 4,440 | 338,772 | |
Clean Harbors † | 3,762 | 629,608 | |
WillScot Mobile Mini Holdings † | 23,540 | 979,029 | |
3,618,772 | |||
Capital Goods — 11.49% | |||
Ameresco Class A † | 5,202 | 200,589 | |
Barnes Group | 4,677 | 158,878 | |
Carlisle | 2,505 | 649,446 | |
Chart Industries † | 1,764 | 298,328 | |
Coherent † | 10,686 | 348,791 | |
Federal Signal | 8,307 | 496,177 | |
Gates Industrial † | 17,842 | 207,146 | |
Graco | 6,922 | 504,475 | |
Kadant | 1,795 | 404,862 | |
KBR | 11,364 | 669,794 | |
Lincoln Electric Holdings | 4,276 | 777,334 | |
MasTec † | 6,600 | 475,002 | |
Quanta Services | 6,267 | 1,172,368 | |
Tetra Tech | 3,531 | 536,818 | |
WESCO International | 5,251 | 755,199 | |
Zurn Elkay Water Solutions | 18,768 | 525,879 | |
8,181,086 | |||
Consumer Discretionary — 4.62% | |||
BJ's Wholesale Club Holdings † | 7,740 | 552,404 | |
Dick's Sporting Goods | 6,807 | 739,104 | |
Five Below † | 5,038 | 810,614 | |
Malibu Boats Class A † | 9,638 | 472,455 | |
Steven Madden | 22,385 | 711,171 | |
3,285,748 | |||
Consumer Services — 2.22% | |||
Brinker International † | 9,232 | 291,639 | |
Jack in the Box | 3,677 | 253,934 | |
Texas Roadhouse | 5,743 | 551,902 | |
Wendy's | 23,826 | 486,289 | |
1,583,764 | |||
Consumer Staples — 3.53% | |||
Casey's General Stores | 3,348 | 909,049 | |
Helen of Troy † | 2,981 | 347,466 | |
J & J Snack Foods | 3,757 | 614,833 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Consumer Staples (continued) | |||
YETI Holdings † | 13,333 | $ 642,917 | |
2,514,265 | |||
Credit Cyclicals — 3.80% | |||
BorgWarner | 14,134 | 570,590 | |
Dana | 18,484 | 271,160 | |
KB Home | 7,267 | 336,317 | |
La-Z-Boy | 11,807 | 364,600 | |
Phinia | 2,826 | 75,708 | |
Taylor Morrison Home † | 8,448 | 359,969 | |
Toll Brothers | 9,807 | 725,326 | |
2,703,670 | |||
Energy — 5.45% | |||
Chesapeake Energy | 13,587 | 1,171,607 | |
Liberty Energy | 102,274 | 1,894,114 | |
Southwestern Energy † | 126,573 | 816,396 | |
3,882,117 | |||
Financial Services — 12.66% | |||
Axis Capital Holdings | 12,231 | 689,461 | |
Columbia Banking System | 28,784 | 584,315 | |
East West Bancorp | 16,009 | 843,834 | |
Essent Group | 13,750 | 650,238 | |
Hamilton Lane Class A | 6,401 | 578,906 | |
Kemper | 15,335 | 644,530 | |
NMI Holdings Class A † | 9,905 | 268,326 | |
Primerica | 5,165 | 1,002,062 | |
Reinsurance Group of America | 5,730 | 831,939 | |
SouthState | 8,006 | 539,284 | |
Stifel Financial | 13,622 | 836,936 | |
Valley National Bancorp | 47,872 | 409,784 | |
Webster Financial | 17,919 | 722,315 | |
WSFS Financial | 11,329 | 413,509 | |
9,015,439 | |||
Healthcare — 13.55% | |||
Amicus Therapeutics † | 31,328 | 380,948 | |
Apellis Pharmaceuticals † | 9,445 | 359,288 | |
Azenta † | 7,299 | 366,337 | |
Bio-Techne | 7,633 | 519,578 | |
Blueprint Medicines † | 7,151 | 359,123 | |
Catalent † | 8,102 | 368,884 | |
Encompass Health | 8,754 | 587,919 | |
Exact Sciences † | 6,439 | 439,269 | |
Halozyme Therapeutics † | 14,204 | 542,593 | |
ICON † | 1,165 | 286,881 | |
Insmed † | 16,820 | 424,705 | |
Inspire Medical Systems † | 2,284 | 453,237 | |
Intra-Cellular Therapies † | 5,810 | 302,643 | |
Lantheus Holdings † | 5,033 | 349,693 | |
Ligand Pharmaceuticals † | 5,429 | 325,306 | |
Natera † | 10,265 | 454,226 | |
Neurocrine Biosciences † | 6,840 | 769,500 | |
OmniAb † | 19,996 | 103,779 | |
OmniAb 12.5 =, † | 1,789 | 0 | |
OmniAb 15 =, † | 1,789 | 0 |
NQ-FL4 [0923] 1123 (3217051) 1
Schedule of investments
Delaware VIP® Trust — Delaware VIP Opportunity Series
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Healthcare (continued) | |||
PTC Therapeutics † | 5,671 | $ 127,087 | |
QuidelOrtho † | 3,878 | 283,249 | |
Repligen † | 3,448 | 548,266 | |
Shockwave Medical † | 2,647 | 527,018 | |
Supernus Pharmaceuticals † | 13,414 | 369,824 | |
Travere Therapeutics † | 16,599 | 148,395 | |
Ultragenyx Pharmaceutical † | 7,060 | 251,689 | |
9,649,437 | |||
Media — 1.90% | |||
IMAX † | 23,120 | 446,678 | |
Interpublic Group | 20,580 | 589,823 | |
Nexstar Media Group | 2,223 | 318,712 | |
1,355,213 | |||
Real Estate Investment Trusts — 5.95% | |||
Brixmor Property Group | 32,763 | 680,815 | |
Camden Property Trust | 5,661 | 535,417 | |
DiamondRock Hospitality | 28,770 | 231,023 | |
EastGroup Properties | 3,142 | 523,237 | |
First Industrial Realty Trust | 14,479 | 689,056 | |
Kite Realty Group Trust | 30,153 | 645,877 | |
National Storage Affiliates Trust | 9,967 | 316,353 | |
Pebblebrook Hotel Trust | 20,874 | 283,678 | |
Physicians Realty Trust | 26,906 | 327,984 | |
4,233,440 | |||
Technology — 14.92% | |||
Box Class A † | 10,934 | 264,712 | |
DoubleVerify Holdings † | 11,437 | 319,664 | |
Dynatrace † | 12,183 | 569,312 | |
ExlService Holdings † | 31,529 | 884,073 | |
Guidewire Software † | 5,986 | 538,740 | |
MACOM Technology Solutions Holdings † | 7,132 | 581,829 | |
MaxLinear † | 14,762 | 328,454 | |
Paycom Software | 463 | 120,042 | |
Procore Technologies † | 7,537 | 492,317 | |
PTC † | 8,152 | 1,154,975 | |
Q2 Holdings † | 9,841 | 317,569 | |
Rapid7 † | 5,976 | 273,581 | |
Regal Rexnord | 3,586 | 512,368 | |
Semtech † | 16,731 | 430,823 | |
Silicon Laboratories † | 3,029 | 351,031 | |
Smartsheet Class A † | 12,449 | 503,687 | |
Sprout Social Class A † | 5,204 | 259,576 | |
SPS Commerce † | 1,031 | 175,899 | |
Tyler Technologies † | 364 | 140,555 | |
Varonis Systems † | 15,554 | 475,019 | |
WNS Holdings ADR † | 10,212 | 699,113 | |
Workiva † | 3,499 | 354,589 | |
Yelp † | 12,288 | 511,058 | |
Ziff Davis † | 5,739 | 365,517 | |
10,624,503 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Transportation — 3.85% | |||
Allegiant Travel | 3,300 | $ 253,638 | |
ArcBest | 1,215 | 123,505 | |
Kirby † | 9,918 | 821,210 | |
Knight-Swift Transportation Holdings | 13,780 | 691,067 | |
Saia † | 314 | 125,176 | |
Werner Enterprises | 15,069 | 586,938 | |
XPO † | 1,875 | 139,987 | |
2,741,521 | |||
Utilities — 1.49% | |||
Black Hills | 10,429 | 527,603 | |
Spire | 9,403 | 532,022 | |
1,059,625 | |||
Total Common Stocks (cost $62,636,988) | 70,299,393 | ||
Short-Term Investments — 1.32% | |||
Money Market Mutual Funds — 1.32% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 5.24%) | 235,569 | 235,569 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 5.23%) | 235,573 | 235,573 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 5.37%) | 235,573 | 235,573 | |
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 5.27%) | 235,573 | 235,573 | |
Total Short-Term Investments (cost $942,288) | 942,288 | ||
Total Value of Securities—100.05% (cost $63,579,276) | 71,241,681 | ||
Liabilities Net of Receivables and Other Assets—(0.05%) | (39,059) | ||
Net Assets Applicable to 4,609,545 Shares Outstanding—100.00% | $71,202,622 |
† | Non-income producing security. |
= | The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security. |
Summary of abbreviations: |
ADR – American Depositary Receipt |
2 NQ-FL4 [0923] 1123 (3217051)