Schedule of investments
Delaware International Value Equity Fund | August 31, 2022 (Unaudited) |
Number of shares | Value (US $) | ||
Common Stocks – 97.95%Δ | |||
Denmark − 5.34% | |||
Novo Nordisk Class B | 173,520 | $ 18,581,171 | |
18,581,171 | |||
France − 17.11% | |||
Air Liquide | 140,000 | 17,614,763 | |
Danone | 256,300 | 13,524,932 | |
Orange | 626,390 | 6,356,596 | |
Publicis Groupe | 141,200 | 6,917,573 | |
Sodexo | 197,302 | 15,156,420 | |
59,570,284 | |||
Germany − 12.30% | |||
adidas AG | 91,450 | 13,627,329 | |
Fresenius Medical Care AG & Co. | 239,290 | 8,221,823 | |
Knorr-Bremse | 144,340 | 7,013,384 | |
SAP | 163,730 | 13,976,067 | |
42,838,603 | |||
Japan − 11.32% | |||
Asahi Group Holdings | 117,000 | 3,935,512 | |
Kao | 347,800 | 15,158,748 | |
KDDI | 188,300 | 5,797,078 | |
Makita | 337,300 | 8,014,593 | |
Seven & i Holdings * | 163,300 | 6,503,789 | |
39,409,720 | |||
Netherlands − 5.91% | |||
Koninklijke Ahold Delhaize * | 747,960 | 20,595,550 | |
20,595,550 | |||
Spain − 5.93% | |||
Amadeus IT Group † | 390,160 | 20,631,844 | |
20,631,844 | |||
Sweden − 8.59% | |||
Essity Class B | 539,130 | 11,991,344 | |
H & M Hennes & Mauritz Class B * | 617,090 | 6,429,082 | |
Securitas Class B * | 1,306,590 | 11,472,497 | |
29,892,923 | |||
Switzerland − 15.58% | |||
Nestle | 190,290 | 22,305,297 | |
Roche Holding | 43,820 | 14,138,955 | |
Swatch Group * | 73,000 | 17,796,317 | |
54,240,569 |
NQ-034 [8/22] 10/22 (2460467) 1
Schedule of investments
Delaware International Value Equity Fund (Unaudited)
Number of shares | Value (US $) | ||
Common StocksΔ (continued) | |||
United Kingdom − 15.87% | |||
Diageo | 463,450 | $ 20,264,995 | |
Intertek Group | 203,530 | 9,360,691 | |
Smith & Nephew | 1,426,522 | 16,828,771 | |
Unilever | 192,521 | 8,779,445 | |
55,233,902 | |||
Total Common Stocks (cost $413,390,028) | 340,994,566 | ||
Exchange-Traded Funds – 0.95% | |||
iShares MSCI EAFE ETF * | 1,130 | 69,721 | |
iShares Trust iShares ESG Aware MSCI EAFE ETF * | 50,830 | 3,154,001 | |
Vanguard FTSE Developed Markets ETF | 1,730 | 69,996 | |
Total Exchange-Traded Funds (cost $3,515,094) | 3,293,718 |
Short-Term Investments – 0.19% | |||
Money Market Mutual Funds – 0.19% | |||
BlackRock FedFund – Institutional Shares (seven-day effective yield 2.02%) | 163,312 | 163,312 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 2.03%) | 163,311 | 163,311 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 2.19%) | 163,311 | 163,311 | |
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 2.11%) | 163,312 | 163,312 | |
Total Short-Term Investments (cost $653,246) | 653,246 | ||
Total Value of Securities Before Securities Lending Collateral−99.09% (cost $417,558,368) | 344,941,530 | ||
Securities Lending Collateral – 7.36% | |||
Money Market Mutual Fund − 7.36% | |||
Dreyfus Institutional Preference Government Money Market Fund - Institutional Shares (seven-day effective yield 2.33%) | 25,623,274 | 25,623,274 | |
Total Securities Lending Collateral (cost $25,623,274) | 25,623,274 | ||
Total Value of Securities−106.45% (cost $443,181,642) | 370,564,804■ |
2 NQ-034 [8/22] 10/22 (2460467)
(Unaudited)
Obligation to Return Securities Lending Collateral — (7.36%) | (25,623,274) | ||
Receivables and Other Assets Net of Liabilities — 0.91% | 3,175,191 | ||
Net Assets Applicable to 29,958,796 Shares Outstanding — 100.00% | $348,116,721 |
Δ | Securities have been classified by country of risk. |
* | Fully or partially on loan. |
† | Non-income producing security. |
■ | Includes $31,511,039 of securities loaned for which the counterparty pledged additional non-cash collateral valued at $8,959,660. |
The following foreign currency exchange contracts were outstanding at August 31, 2022:
Foreign Currency Exchange Contracts | ||||||||||||
Counterparty | Currency to Receive (Deliver) | In Exchange For | Settlement Date | Unrealized Appreciation | Unrealized Depreciation | |||||||
BNYM | EUR | 438,258 | USD | (439,311) | 9/1/22 | $1,146 | $— | |||||
BNYM | EUR | 44,048 | USD | (47,426) | 9/2/22 | — | (3,152) | |||||
BNYM | GBP | (57,266) | USD | 66,618 | 9/1/22 | 90 | — | |||||
BNYM | GBP | 1,599,044 | USD | (1,859,338) | 9/2/22 | — | (1,661) | |||||
BNYM | JPY | (29,807,550) | USD | 214,783 | 9/1/22 | 210 | — | |||||
BNYM | JPY | (248,183,943) | USD | 1,786,918 | 9/2/22 | 212 | — | |||||
Total Foreign Currency Exchange Contracts | $1,658 | $(4,813) |
The use of foreign currency exchange contracts involves elements of market risk and risks in excess of the amounts disclosed in the schedule of investments. The foreign currency exchange contracts presented above represent the Fund’s total exposure in such contracts, whereas only the net unrealized appreciation (depreciation) is reflected in the Fund’s net assets.
Summary of abbreviations: |
AG – Aktiengesellschaft |
BNYM – Bank of New York Mellon |
EAFE – Europe, Australasia, and Far East |
ESG – Environmental, Social, and Governance |
ETF – Exchange-Traded Fund |
FTSE – Financial Times Stock Exchange |
MSCI – Morgan Stanley Capital International |
Summary of currencies: |
EUR – European Monetary Unit |
GBP – British Pound Sterling |
NQ-034 [8/22] 10/22 (2460467) 3
Schedule of investments
Delaware International Value Equity Fund (Unaudited)
Summary of currencies: (continued) |
JPY – Japanese Yen |
USD – US Dollar |
4 NQ-034 [8/22] 10/22 (2460467)