NPORT-EX 2 AD81DelawareInvUltrashortFd.htm d8_del-iuf.htm - Generated by SEC Publisher for SEC Filing

Schedule of investments

Delaware Investments Ultrashort Fund June 30, 2020 (Unaudited)

    Principal amount°    Value (US $) 
Agency Collateralized Mortgage Obligations – 2.05%        
Fannie Mae Connecticut Avenue Securities        
Series 2017-C03 1M1 1.135% (LIBOR01M + 0.95%)        
       10/25/29 •  667,504  $  666,856 
     Silverstone Master Issuer        
     Series 2018-1A 1A 144A 1.499% (LIBOR03M + 0.39%)        
       1/21/70 #•  840,000    836,339 
Total Agency Collateralized Mortgage Obligations (cost $1,507,504)       1,503,195 
 
Commercial Paper – 10.41%        
Banks - 8.36%        
DZ Bank AG 0.06% 7/1/20 `   1,280,000    1,280,000 
Kreditanstalt Fuer Wiederaufbau 8.983% 7/2/20 `   350,000    349,999 
Societe Generale 0.09% 7/1/20 `   3,000,000    3,000,000 
Toronto Dominion Bank 0.15% 7/7/20 `   1,500,000    1,499,975 
        6,129,974 
Consumer Non-Cyclical - 2.05%        
Yale University 0.25% 8/4/20 `   1,500,000    1,499,851 
        1,499,851 
Total Commercial Paper (cost $7,629,608)       7,629,825 
 
Corporate Bonds – 35.78%        
Banks - 17.37%        
Bank of America 2.02% (LIBOR03M + 1.00%) 4/24/23 •   1,500,000    1,508,160 
Citigroup 1.486% (LIBOR03M + 1.10%) 5/17/24 •   1,500,000    1,501,848 
Fifth Third Bank 2.20% 10/30/20   1,500,000    1,506,997 
   Goldman Sachs Group 1.963% (LIBOR03M + 1.60%)        
       11/29/23 •  1,250,000    1,274,375 
   JPMorgan Chase & Co. 1.891% (LIBOR03M + 0.90%)        
       4/25/23 •  1,410,000    1,415,400 
Morgan Stanley 1.668% (LIBOR03M + 1.22%) 5/8/24 •   1,500,000    1,511,504 
   Santander UK 2.125% 11/3/20   1,000,000    1,005,583 
Truist Bank 0.832% (SOFRRATE + 0.73%) 3/9/23 •   1,500,000    1,491,785 
   UBS 144A 2.45% 12/1/20 #   1,500,000    1,509,750 
        12,725,402 
Basic Industry - 1.73%        
DuPont de Nemours 3.766% 11/15/20   1,250,000    1,264,340 
        1,264,340 
Capital Goods - 2.03%        
Otis Worldwide 144A 0.754% (LIBOR03M + 0.45%)        
       4/5/23 #•  1,500,000    1,484,120 
        1,484,120 

 

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Schedule of investments

Delaware Investments Ultrashort Fund (Unaudited)

    Principal amount°    Value (US $) 
Corporate Bonds (continued)        
Communications - 5.94%        
Deutsche Telekom International Finance 144A        
   1.95% 9/19/21 #   1,500,000  $  1,517,613 
Fox 3.666% 1/25/22   1,500,000    1,570,846 
   Verizon Communications 1.492% (LIBOR03M + 1.10%)        
   5/15/25 •  1,250,000    1,266,088 
        4,354,547 
Consumer Cyclical - 1.65%        
  General Motors Financial 1.294% (LIBOR03M + 0.99%)        
  1/5/23 •  1,250,000    1,205,314 
        1,205,314 
Consumer Non-Cyclical - 3.66%        
   AbbVie 144A 1.024% (LIBOR03M + 0.65%) 11/21/22 #•   1,405,000    1,409,710 
   CVS Health 3.35% 3/9/21   1,249,000    1,273,867 
        2,683,577 
Electric - 1.78%        
   American Electric Power 3.65% 12/1/21   1,250,000    1,304,261 
        1,304,261 
Financials - 1.62%        
   Aviation Capital Group 144A 1.30% (LIBOR03M + 0.95%)        
   6/1/21 #•  1,250,000    1,189,037 
        1,189,037 
Total Corporate Bonds (cost $26,157,856)       26,210,598 
 
Non-Agency Asset-Backed Securities – 51.56%        
   American Express Credit Account Master Trust        
      Series 2017-2 A 0.635% (LIBOR01M + 0.45%)        
      9/16/24 •  675,000    677,615 
Series 2018-6 A 3.06% 2/15/24   1,000,000    1,027,507 
   Avis Budget Rental Car Funding AESOP        
Series 2015-2A A 144A 2.63% 12/20/21   1,000,000    999,880 
   BMW Floorplan Master Owner Trust        
     Series 2018-1 A2 144A 0.505% (LIBOR01M + 0.32%)        
      5/15/23 #•  1,000,000    994,767 
Chase Issuance Trust        
Series 2016-A3 A3 0.735% (LIBOR01M + 0.55%)        
      6/15/23 •  500,000    501,805 
Chesapeake Funding II        
     Series 2017-2A A2 144A 0.635% (LIBOR01M + 0.45%,        
     Floor 0.45%) 5/15/29 #•   267,134    266,642 
     Series 2017-4A A2 144A 0.495% (LIBOR01M + 0.31%)        
     11/15/29 #•  648,555    647,747 

 

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(Unaudited)

  Principal amount°    Value (US $) 
Non-Agency Asset-Backed Securities (continued)       
Citibank Credit Card Issuance Trust       
Series 2017-A7 A7 0.545% (LIBOR01M + 0.37%)       
8/8/24 •  1,000,000  $  1,003,297 
Daimler Trucks Retail Trust       
Series 2020-1 A2 1.14% 4/15/22  1,500,000    1,505,556 
Discover Card Execution Note Trust       
Series 2017-A1 A1 0.675% (LIBOR01M + 0.49%)       
7/15/24 •  1,500,000    1,508,236 
Series 2019-A2 A 0.455% (LIBOR01M + 0.27%)       
12/15/23 •  2,000,000    2,002,580 
Ford Credit Auto Lease Trust       
Series 2020-A A2 1.80% 7/15/22  1,250,000    1,261,881 
Ford Credit Auto Owner Trust       
Series 2015-2 A 144A 2.44% 1/15/27 #  1,000,000    1,000,666 
Series 2017-C A3 2.01% 3/15/22  86,394    86,812 
Series 2020-B A2 0.50% 2/15/23  1,000,000    1,000,317 
GM Financial Consumer Automobile Receivables Trust       
Series 2020-2 A1 1.259% 4/16/21  857,935    858,812 
GreatAmerica Leasing Receivables Funding       
Series 2019-1 A2 144A 2.97% 6/15/21 #  425,462    427,494 
Honda Auto Receivables Owner Trust       
Series 2019-2 A2 2.57% 12/21/21  581,100    585,441 
Hyundai Auto Lease Securitization Trust       
Series 2018-B A4 144A 3.20% 6/15/22 #  977,000    989,613 
Series 2020-A A3 144A 1.95% 7/17/23 #  1,510,000    1,542,836 
Hyundai Auto Receivables Trust       
Series 2019-B A2 1.93% 7/15/22  913,913    920,384 
Invitation Homes Trust       
Series 2018-SFR1 A 144A 0.894% (LIBOR01M + 0.70%)       
3/17/37 #•  1,789,451    1,756,947 
John Deere Owner Trust       
Series 2019-B A2 2.28% 5/16/22  614,298    618,056 
Master Credit Card Trust II       
Series 2018-3A A 144A 0.53% (LIBOR01M + 0.34%)       
1/21/22 #•  875,000    874,703 
Mercedes-Benz Auto Lease Trust       
Series 2019-B A2 2.01% 12/15/21  1,270,758    1,276,894 
Mercedes-Benz Auto Receivables Trust       
Series 2020-1 A2 0.46% 3/15/23  1,000,000    1,000,436 
Nissan Auto Lease Trust       
Series 2018-A A3 3.25% 9/15/21  1,779,644    1,792,788 
Nissan Master Owner Trust Receivables       
Series 2017-C A 0.505% (LIBOR01M + 0.32%)       
10/17/22 •  1,500,000    1,499,283 

 

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Schedule of investments

Delaware Investments Ultrashort Fund (Unaudited)

    Principal amount°   Value (US $) 
  Non-Agency Asset-Backed Securities (continued)       
  Nissan Master Owner Trust Receivables       
  Series 2019-A A 0.745% (LIBOR01M + 0.56%)       
  2/15/24 •  1,500,000 $  1,491,151 
  PFS Financing       
  Series 2020-B A 144A 1.21% 6/17/24 #=  2,000,000   2,003,600 
  Tesla Auto Lease Trust       
  Series 2018-B A 144A 3.71% 8/20/21 #  2,686,971   2,725,702 
  Trillium Credit Card Trust II       
  Series 2019-1A A 144A 0.66% (LIBOR01M + 0.48%)       
  1/26/24 #•  1,500,000   1,502,110 
  Verizon Owner Trust       
  Series 2017-3A A1A 144A 2.06% 4/20/22 #  421,719   423,119 
  Volvo Financial Equipment Master Owner Trust       
  Series 2017-A A 144A 0.685% (LIBOR01M + 0.50%)       
  11/15/22 #•  1,000,000   999,396 
  Total Non-Agency Asset-Backed Securities       
  (cost $37,756,226)      37,774,073 
 
  Total Value of Securities – 99.80%       
  (cost $73,051,194)      73,117,691 
  Receivables and Other Assets Net of Liabilities – 0.20%      147,280 
  Net Assets Applicable to 7,329,323 Shares Outstanding – 100.00%  $ 73,264,971 
 
#  Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. 
  At June 30, 2020, the aggregate value of Rule 144A securities was $25,101,791, which represents 
  34.26% of the Fund’s net assets.       
=  The value of this security was determined using significant unobservable inputs and is reported as a 
  Level 3 security.       
`  The rate shown is the effective yield at the time of purchase.       
°  Principal amount shown is stated in USD.       
•  Variable rate investment. Rates reset periodically. Rate shown reflects the rate in effect at    
  June 30, 2020. For securities based on a published reference rate and spread, the reference rate and 
  spread are indicated in their description above. The reference rate descriptions (i. e. LIBOR03M, 
  LIBOR06M, etc. ) used in this report are identical for different securities, but the underlying reference 
  rates may differ due to the timing of the reset period. Certain variable rate securities are not based on 
  a published reference rate and spread but are determined by the issuer or agent and are based on 
  current market conditions, or for mortgage-backed securities, are impacted by the individual 
  mortgages which are paying off over time. These securities do not indicate a reference rate and 
  spread in their description above.       

 

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(Unaudited)

Summary of abbreviations:
AG – Aktiengesellschaft
ICE – Intercontinental Exchange
LIBOR – London interbank offered rate
LIBOR01M – ICE LIBOR USD 1 Month
LIBOR03M – ICE LIBOR USD 3 Month
LIBOR06M – ICE LIBOR USD 6 Month
SOFRRATE – Secured Overnight Financing Rate
USD – US Dollar

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