| Delaware Corporate Bond Fund | October 31, 2021 (Unaudited) |
| Principal amount° | Value (US $) | ||
| Convertible Bond — 0.25% | |||
| Kaman 3.25% exercise price $65.26, maturity date 5/1/24 | 3,500,000 | $ 3,557,050 | |
| Total Convertible Bond (cost $3,551,335) | 3,557,050 | ||
| Corporate Bonds — 96.47% | |||
| Banking — 23.56% | |||
| Ally Financial | |||
| 4.70% 5/15/26 μ, ψ | 9,910,000 | 10,300,206 | |
| 5.75% 11/20/25 | 9,695,000 | 11,009,990 | |
| 8.00% 11/1/31 | 1,840,000 | 2,636,480 | |
| Bank of America | |||
| 2.482% 9/21/36 μ | 25,280,000 | 24,601,108 | |
| 2.572% 10/20/32 μ | 4,780,000 | 4,793,813 | |
| Bank of Ireland Group 144A 2.029% 9/30/27 #, μ | 4,035,000 | 3,986,475 | |
| Bank of New York Mellon 4.70% 9/20/25 μ, ψ | 8,770,000 | 9,565,439 | |
| Barclays | |||
| 4.375% 3/15/28 μ | 4,830,000 | 4,763,829 | |
| 5.20% 5/12/26 | 13,585,000 | 15,370,409 | |
| BNP Paribas 144A 4.625% 2/25/31 #, μ, ψ | 4,415,000 | 4,448,113 | |
| BPCE 144A 3.582% 10/19/42 #, μ | 1,436,000 | 1,478,993 | |
| Citigroup | |||
| 2.52% 11/3/32 μ | 3,805,000 | 3,797,143 | |
| 4.00% 12/10/25 μ, ψ | 13,990,000 | 14,322,262 | |
| 4.45% 9/29/27 | 9,555,000 | 10,742,007 | |
| Credit Agricole 144A 2.811% 1/11/41 # | 13,530,000 | 12,935,325 | |
| Credit Suisse Group | |||
| 144A 4.50% 9/3/30 #, μ, ψ | 1,790,000 | 1,744,713 | |
| 144A 5.10% 1/24/30 #, μ, ψ | 5,305,000 | 5,374,124 | |
| 144A 5.25% 2/11/27 #, μ, ψ | 3,220,000 | 3,352,825 | |
| 144A 6.375% 8/21/26 #, μ, ψ | 4,795,000 | 5,232,544 | |
| Deutsche Bank | |||
| 3.035% 5/28/32 μ | 5,410,000 | 5,472,700 | |
| 3.729% 1/14/32 μ | 7,525,000 | 7,719,816 | |
| Goldman Sachs Group | |||
| 1.542% 9/10/27 μ | 20,920,000 | 20,576,617 | |
| 2.383% 7/21/32 μ | 6,275,000 | 6,172,529 | |
| 2.65% 10/21/32 μ | 1,515,000 | 1,527,385 | |
| 4.125% 11/10/26 μ, ψ | 3,420,000 | 3,433,509 | |
| HSBC Holdings 4.60% 12/17/30 μ, ψ | 5,225,000 | 5,204,779 | |
| Principal amount° | Value (US $) | ||
| Corporate Bonds (continued) | |||
| Banking (continued) | |||
| JPMorgan Chase & Co. | |||
| 1.47% 9/22/27 μ | 1,540,000 | $ 1,512,560 | |
| 1.578% 4/22/27 μ | 5,185,000 | 5,137,297 | |
| 3.328% 4/22/52 μ | 1,890,000 | 2,044,191 | |
| Morgan Stanley | |||
| 2.484% 9/16/36 μ | 24,724,000 | 24,038,881 | |
| 5.00% 11/24/25 | 4,515,000 | 5,087,235 | |
| NatWest Group | |||
| 1.642% 6/14/27 μ | 2,550,000 | 2,520,060 | |
| 3.754% 11/1/29 μ | 1,360,000 | 1,437,899 | |
| 4.60% 6/28/31 μ, ψ | 4,175,000 | 4,122,813 | |
| PNC Bank 4.05% 7/26/28 | 3,665,000 | 4,146,140 | |
| Popular 6.125% 9/14/23 | 5,020,000 | 5,366,201 | |
| Societe Generale 144A 4.75% 5/26/26 #, μ, ψ | 4,200,000 | 4,312,770 | |
| SVB Financial Group | |||
| 1.80% 10/28/26 | 2,545,000 | 2,541,716 | |
| 2.10% 5/15/28 | 5,155,000 | 5,155,273 | |
| 4.00% 5/15/26 μ, ψ | 13,550,000 | 13,600,813 | |
| Truist Bank 2.636% 9/17/29 μ | 14,135,000 | 14,650,800 | |
| Truist Financial 4.95% 9/1/25 μ, ψ | 8,635,000 | 9,392,721 | |
| UBS 7.625% 8/17/22 | 4,145,000 | 4,361,415 | |
| UBS Group 144A 4.375% 2/10/31 #, μ, ψ | 4,390,000 | 4,371,343 | |
| US Bancorp | |||
| 2.491% 11/3/36 μ | 3,030,000 | 3,018,740 | |
| 3.00% 7/30/29 | 10,620,000 | 11,297,476 | |
| 3.70% 1/15/27 μ, ψ | 2,980,000 | 2,975,679 | |
| Wells Fargo & Co. 3.90% 3/15/26 μ, ψ | 10,005,000 | 10,198,847 | |
| 341,854,003 | |||
| Basic Industry — 3.41% | |||
| Georgia-Pacific 8.00% 1/15/24 | 4,345,000 | 5,017,408 | |
| Graphic Packaging International 144A 3.50% 3/1/29 # | 3,155,000 | 3,127,394 | |
| LYB International Finance III 3.375% 10/1/40 | 5,560,000 | 5,763,091 | |
| Newmont | |||
| 2.25% 10/1/30 | 4,465,000 | 4,387,672 | |
| 2.80% 10/1/29 | 9,845,000 | 10,151,016 | |
| Steel Dynamics 1.65% 10/15/27 | 2,520,000 | 2,461,628 | |
| Suzano Austria 3.125% 1/15/32 | 7,100,000 | 6,717,559 | |
| Westlake Chemical 3.125% 8/15/51 | 12,195,000 | 11,856,152 | |
| 49,481,920 | |||
| Principal amount° | Value (US $) | ||
| Corporate Bonds (continued) | |||
| Brokerage — 2.00% | |||
| Blackstone Holdings Finance 144A 1.625% 8/5/28 # | 2,865,000 | $ 2,772,895 | |
| Charles Schwab | |||
| 4.00% 6/1/26 μ, ψ | 3,375,000 | 3,477,600 | |
| 5.375% 6/1/25 μ, ψ | 4,195,000 | 4,624,568 | |
| Jefferies Group | |||
| 2.625% 10/15/31 | 7,385,000 | 7,252,339 | |
| 6.45% 6/8/27 | 6,437,000 | 7,948,836 | |
| 6.50% 1/20/43 | 2,090,000 | 2,930,433 | |
| 29,006,671 | |||
| Capital Goods — 4.28% | |||
| Amcor Flexibles North America 2.69% 5/25/31 | 5,505,000 | 5,593,639 | |
| Amphenol 2.20% 9/15/31 | 5,035,000 | 4,960,555 | |
| Ardagh Metal Packaging Finance USA 144A 4.00% 9/1/29 # | 3,515,000 | 3,499,710 | |
| Ashtead Capital | |||
| 144A 1.50% 8/12/26 # | 4,735,000 | 4,648,964 | |
| 144A 2.45% 8/12/31 # | 3,695,000 | 3,637,062 | |
| Boeing 3.75% 2/1/50 | 9,770,000 | 10,293,652 | |
| Madison IAQ 144A 4.125% 6/30/28 # | 1,880,000 | 1,872,612 | |
| Pactiv Evergreen Group Issuer 144A 4.00% 10/15/27 # | 3,385,000 | 3,316,454 | |
| Teledyne Technologies | |||
| 2.25% 4/1/28 | 10,310,000 | 10,375,062 | |
| 2.75% 4/1/31 | 5,895,000 | 6,014,411 | |
| Waste Connections 2.95% 1/15/52 | 2,315,000 | 2,307,656 | |
| Weir Group 144A 2.20% 5/13/26 # | 5,605,000 | 5,571,462 | |
| 62,091,239 | |||
| Communications — 10.94% | |||
| Altice France | |||
| 144A 5.125% 1/15/29 # | 3,720,000 | 3,613,050 | |
| 144A 5.50% 10/15/29 # | 3,395,000 | 3,332,091 | |
| AMC Networks 4.75% 8/1/25 | 3,325,000 | 3,412,281 | |
| AT&T 3.10% 2/1/43 | 9,647,000 | 9,331,510 | |
| CCO Holdings 144A 4.50% 6/1/33 # | 945,000 | 943,852 | |
| Cellnex Finance 144A 3.875% 7/7/41 # | 7,265,000 | 7,112,726 | |
| Charter Communications Operating | |||
| 2.25% 1/15/29 | 6,810,000 | 6,688,761 | |
| 4.40% 12/1/61 | 4,460,000 | 4,742,595 | |
| Comcast 3.20% 7/15/36 | 12,674,000 | 13,494,929 | |
| CSC Holdings 144A 4.50% 11/15/31 # | 5,855,000 | 5,680,667 | |
| Discovery Communications 4.00% 9/15/55 | 11,115,000 | 11,822,659 | |
| Principal amount° | Value (US $) | ||
| Corporate Bonds (continued) | |||
| Communications (continued) | |||
| Level 3 Financing | |||
| 144A 3.625% 1/15/29 # | 1,770,000 | $ 1,677,004 | |
| 144A 3.75% 7/15/29 # | 4,700,000 | 4,447,375 | |
| 144A 4.25% 7/1/28 # | 3,875,000 | 3,836,114 | |
| Sprint Spectrum 144A 4.738% 9/20/29 # | 3,670,625 | 3,877,098 | |
| Time Warner Cable 7.30% 7/1/38 | 5,035,000 | 7,255,291 | |
| Time Warner Entertainment 8.375% 3/15/23 | 6,100,000 | 6,730,855 | |
| T-Mobile USA | |||
| 3.00% 2/15/41 | 5,100,000 | 4,915,783 | |
| 3.375% 4/15/29 | 7,795,000 | 8,019,106 | |
| 144A 3.375% 4/15/29 # | 5,810,000 | 5,977,037 | |
| Verizon Communications | |||
| 144A 2.355% 3/15/32 # | 5,915,000 | 5,831,717 | |
| 3.40% 3/22/41 | 8,885,000 | 9,332,128 | |
| 4.50% 8/10/33 | 10,110,000 | 11,944,631 | |
| ViacomCBS 4.375% 3/15/43 | 6,280,000 | 7,190,782 | |
| Virgin Media Secured Finance 144A 5.50% 5/15/29 # | 7,158,000 | 7,561,783 | |
| 158,771,825 | |||
| Consumer Cyclical — 3.65% | |||
| AutoNation | |||
| 1.95% 8/1/28 | 8,295,000 | 8,096,782 | |
| 2.40% 8/1/31 | 3,910,000 | 3,794,683 | |
| Ford Motor 8.50% 4/21/23 | 5,540,000 | 6,081,535 | |
| Ford Motor Credit 2.90% 2/16/28 | 4,020,000 | 3,989,971 | |
| General Motors | |||
| 6.25% 10/2/43 | 2,184,000 | 2,984,342 | |
| 6.60% 4/1/36 | 5,196,000 | 7,042,112 | |
| General Motors Financial 5.70% 9/30/30 μ, ψ | 6,405,000 | 7,405,781 | |
| Levi Strauss & Co. 144A 3.50% 3/1/31 # | 2,866,000 | 2,883,912 | |
| Lowe's 2.80% 9/15/41 | 8,635,000 | 8,510,474 | |
| Prime Security Services Borrower 144A 3.375% 8/31/27 # | 2,220,000 | 2,129,302 | |
| 52,918,894 | |||
| Consumer Non-Cyclical — 7.12% | |||
| Amgen | |||
| 2.80% 8/15/41 | 1,080,000 | 1,050,442 | |
| 3.00% 1/15/52 | 6,490,000 | 6,369,295 | |
| Anheuser-Busch InBev Worldwide 4.70% 2/1/36 | 16,305,000 | 19,740,635 | |
| Bimbo Bakeries USA 144A 4.00% 5/17/51 # | 3,540,000 | 3,908,143 | |
| Principal amount° | Value (US $) | ||
| Corporate Bonds (continued) | |||
| Consumer Non-Cyclical (continued) | |||
| Bunge Limited Finance 2.75% 5/14/31 | 7,475,000 | $ 7,536,995 | |
| Conagra Brands 1.375% 11/1/27 | 5,110,000 | 4,925,794 | |
| CVS Health | |||
| 2.70% 8/21/40 | 4,495,000 | 4,315,854 | |
| 4.78% 3/25/38 | 7,970,000 | 9,760,058 | |
| Energizer Holdings 144A 4.375% 3/31/29 # | 2,978,000 | 2,857,391 | |
| Mozart Debt Merger Sub 144A 3.875% 4/1/29 # | 4,740,000 | 4,722,225 | |
| Perrigo Finance Unlimited 4.375% 3/15/26 | 7,415,000 | 7,919,936 | |
| Sodexo | |||
| 144A 1.634% 4/16/26 # | 5,520,000 | 5,502,608 | |
| 144A 2.718% 4/16/31 # | 2,290,000 | 2,341,214 | |
| Takeda Pharmaceutical | |||
| 3.025% 7/9/40 | 2,845,000 | 2,896,035 | |
| 3.175% 7/9/50 | 3,940,000 | 4,034,261 | |
| Teleflex 144A 4.25% 6/1/28 # | 3,455,000 | 3,554,245 | |
| Tenet Healthcare 144A 4.25% 6/1/29 # | 3,575,000 | 3,623,370 | |
| Viatris 4.00% 6/22/50 | 7,640,000 | 8,211,494 | |
| 103,269,995 | |||
| Electric — 10.47% | |||
| Berkshire Hathaway Energy 2.85% 5/15/51 | 1,212,000 | 1,189,744 | |
| CMS Energy 4.75% 6/1/50 μ | 6,840,000 | 7,609,500 | |
| Commonwealth Edison 2.75% 9/1/51 | 5,025,000 | 4,960,139 | |
| Duke Energy | |||
| 2.55% 6/15/31 | 8,615,000 | 8,663,415 | |
| 3.25% 1/15/82 μ | 2,425,000 | 2,410,107 | |
| 4.875% 9/16/24 μ, ψ | 7,240,000 | 7,703,360 | |
| Enel Finance International | |||
| 144A 1.875% 7/12/28 # | 5,750,000 | 5,645,305 | |
| 144A 2.25% 7/12/31 # | 5,910,000 | 5,790,385 | |
| Entergy Texas 3.55% 9/30/49 | 2,695,000 | 2,922,775 | |
| FirstEnergy Transmission 144A 4.55% 4/1/49 # | 5,350,000 | 6,264,484 | |
| IPALCO Enterprises 4.25% 5/1/30 | 3,220,000 | 3,579,653 | |
| Liberty Utilities Finance GP 1 144A 2.05% 9/15/30 # | 3,000,000 | 2,875,086 | |
| Nevada Power Series EE 3.125% 8/1/50 | 2,895,000 | 3,030,701 | |
| NRG Energy | |||
| 144A 2.45% 12/2/27 # | 2,470,000 | 2,472,172 | |
| 144A 3.375% 2/15/29 # | 2,160,000 | 2,108,700 | |
| 144A 3.625% 2/15/31 # | 1,735,000 | 1,690,757 | |
| 144A 3.75% 6/15/24 # | 2,635,000 | 2,781,854 | |
| 144A 4.45% 6/15/29 # | 4,220,000 | 4,628,722 | |
| Principal amount° | Value (US $) | ||
| Corporate Bonds (continued) | |||
| Electric (continued) | |||
| Oglethorpe Power 3.75% 8/1/50 | 5,235,000 | $ 5,727,862 | |
| Pacific Gas and Electric | |||
| 2.10% 8/1/27 | 6,810,000 | 6,611,863 | |
| 3.30% 8/1/40 | 1,125,000 | 1,063,290 | |
| 3.50% 8/1/50 | 1,690,000 | 1,608,712 | |
| 4.60% 6/15/43 | 4,405,000 | 4,514,433 | |
| 4.95% 7/1/50 | 3,615,000 | 4,006,375 | |
| PacifiCorp 2.90% 6/15/52 | 13,303,000 | 13,252,008 | |
| Public Service Co. of Oklahoma | |||
| 2.20% 8/15/31 | 5,690,000 | 5,607,461 | |
| 3.15% 8/15/51 | 4,285,000 | 4,406,780 | |
| San Diego Gas & Electric 3.32% 4/15/50 | 2,270,000 | 2,430,985 | |
| Sempra Energy 4.875% 10/15/25 μ, ψ | 3,825,000 | 4,136,393 | |
| Southern 4.00% 1/15/51 μ | 4,780,000 | 4,996,056 | |
| Southern California Edison | |||
| 4.125% 3/1/48 | 3,090,000 | 3,486,694 | |
| 4.875% 3/1/49 | 1,865,000 | 2,350,695 | |
| 6.00% 1/15/34 | 1,415,000 | 1,842,986 | |
| Vistra Operations | |||
| 144A 3.55% 7/15/24 # | 5,166,000 | 5,383,251 | |
| 144A 3.70% 1/30/27 # | 3,624,000 | 3,770,286 | |
| 144A 4.30% 7/15/29 # | 290,000 | 310,561 | |
| 151,833,550 | |||
| Energy — 9.91% | |||
| BP Capital Markets 4.875% 3/22/30 μ, ψ | 9,475,000 | 10,337,793 | |
| BP Capital Markets America 3.06% 6/17/41 | 14,070,000 | 14,229,398 | |
| Cheniere Corpus Christi Holdings 7.00% 6/30/24 | 6,760,000 | 7,571,458 | |
| Continental Resources 4.375% 1/15/28 | 5,210,000 | 5,691,925 | |
| Devon Energy | |||
| 4.75% 5/15/42 | 7,415,000 | 8,635,196 | |
| 5.85% 12/15/25 | 2,571,000 | 2,963,490 | |
| Diamondback Energy 3.125% 3/24/31 | 7,355,000 | 7,601,666 | |
| Enbridge | |||
| 1.60% 10/4/26 | 3,180,000 | 3,158,824 | |
| 2.50% 8/1/33 | 13,345,000 | 13,226,394 | |
| 5.75% 7/15/80 μ | 4,710,000 | 5,305,815 | |
| Energy Transfer | |||
| 6.25% 4/15/49 | 4,305,000 | 5,726,541 | |
| 6.50% 11/15/26 μ, ψ | 11,324,000 | 11,748,650 | |
| Enterprise Products Operating 3.30% 2/15/53 | 3,710,000 | 3,724,040 | |
| Principal amount° | Value (US $) | ||
| Corporate Bonds (continued) | |||
| Energy (continued) | |||
| EQM Midstream Partners 144A 4.75% 1/15/31 # | 3,775,000 | $ 3,913,165 | |
| Galaxy Pipeline Assets Bidco 144A 2.94% 9/30/40 # | 4,255,000 | 4,192,339 | |
| Kinder Morgan 3.25% 8/1/50 | 7,455,000 | 7,222,682 | |
| NuStar Logistics 5.625% 4/28/27 | 3,444,000 | 3,616,630 | |
| ONEOK 7.50% 9/1/23 | 6,625,000 | 7,306,849 | |
| Sabine Pass Liquefaction | |||
| 5.75% 5/15/24 | 3,214,000 | 3,540,560 | |
| 5.875% 6/30/26 | 2,100,000 | 2,437,774 | |
| Targa Resources Partners | |||
| 144A 4.00% 1/15/32 # | 2,880,000 | 2,975,674 | |
| 4.875% 2/1/31 | 3,225,000 | 3,481,323 | |
| 5.50% 3/1/30 | 61,000 | 67,118 | |
| TransCanada PipeLines 2.50% 10/12/31 | 5,105,000 | 5,072,887 | |
| 143,748,191 | |||
| Finance Companies — 3.48% | |||
| AerCap Holdings 5.875% 10/10/79 μ | 605,000 | 632,068 | |
| AerCap Ireland Capital DAC | |||
| 3.00% 10/29/28 | 1,165,000 | 1,182,031 | |
| 3.30% 1/30/32 | 3,385,000 | 3,448,181 | |
| 3.40% 10/29/33 | 6,528,000 | 6,652,091 | |
| 4.625% 10/15/27 | 2,690,000 | 2,994,490 | |
| 6.50% 7/15/25 | 2,165,000 | 2,509,211 | |
| Air Lease 4.125% 12/15/26 μ, ψ | 2,295,000 | 2,266,312 | |
| Aviation Capital Group | |||
| 144A 1.95% 1/30/26 # | 7,894,000 | 7,795,518 | |
| 144A 5.50% 12/15/24 # | 8,565,000 | 9,510,221 | |
| Avolon Holdings Funding | |||
| 144A 2.75% 2/21/28 # | 6,470,000 | 6,408,913 | |
| 144A 3.95% 7/1/24 # | 1,075,000 | 1,133,931 | |
| 144A 4.25% 4/15/26 # | 3,465,000 | 3,724,687 | |
| DAE Sukuk DIFC 144A 3.75% 2/15/26 # | 2,140,000 | 2,248,828 | |
| 50,506,482 | |||
| Insurance — 4.84% | |||
| Aon 2.90% 8/23/51 | 9,895,000 | 9,732,966 | |
| Arthur J Gallagher & Co. 3.50% 5/20/51 | 12,045,000 | 13,134,494 | |
| Athene Holding 3.95% 5/25/51 | 5,365,000 | 6,032,593 | |
| Brighthouse Financial 4.70% 6/22/47 | 6,282,000 | 7,219,207 | |
| Brown & Brown 2.375% 3/15/31 | 2,205,000 | 2,179,320 | |
| Centene 4.625% 12/15/29 | 2,675,000 | 2,889,000 | |
| Equitable Holdings 4.95% 9/15/25 μ, ψ | 2,815,000 | 3,033,163 | |
| Principal amount° | Value (US $) | ||
| Corporate Bonds (continued) | |||
| Insurance (continued) | |||
| Global Atlantic 144A 4.70% 10/15/51 #, μ | 5,070,000 | $ 5,226,151 | |
| Hartford Financial Services Group 2.90% 9/15/51 | 3,625,000 | 3,605,536 | |
| Humana 1.35% 2/3/27 | 8,275,000 | 8,062,701 | |
| MetLife 3.85% 9/15/25 μ, ψ | 1,810,000 | 1,882,400 | |
| Prudential Financial 3.70% 10/1/50 μ | 7,005,000 | 7,229,664 | |
| 70,227,195 | |||
| Natural Gas — 0.48% | |||
| Atmos Energy 2.85% 2/15/52 | 7,025,000 | 6,929,015 | |
| 6,929,015 | |||
| Real Estate Investment Trusts — 3.03% | |||
| Corporate Office Properties | |||
| 2.00% 1/15/29 | 4,145,000 | 4,023,540 | |
| 2.75% 4/15/31 | 7,815,000 | 7,852,351 | |
| Crown Castle International | |||
| 1.05% 7/15/26 | 9,785,000 | 9,478,515 | |
| 3.80% 2/15/28 | 5,430,000 | 5,957,109 | |
| Extra Space Storage 2.35% 3/15/32 | 7,475,000 | 7,282,825 | |
| Global Net Lease 144A 3.75% 12/15/27 # | 1,655,000 | 1,637,025 | |
| Iron Mountain 144A 5.25% 7/15/30 # | 4,276,000 | 4,470,579 | |
| MPT Operating Partnership 3.50% 3/15/31 | 3,180,000 | 3,208,461 | |
| 43,910,405 | |||
| Technology — 7.61% | |||
| Alphabet 2.05% 8/15/50 | 8,115,000 | 7,301,036 | |
| Analog Devices 2.10% 10/1/31 | 3,830,000 | 3,831,413 | |
| Autodesk 2.40% 12/15/31 | 3,935,000 | 3,873,017 | |
| Broadcom 144A 3.469% 4/15/34 # | 12,872,000 | 13,291,136 | |
| Broadridge Financial Solutions 2.60% 5/1/31 | 8,112,000 | 8,170,019 | |
| CGI 144A 2.30% 9/14/31 # | 3,365,000 | 3,261,311 | |
| Clarivate Science Holdings 144A 3.875% 7/1/28 # | 3,763,000 | 3,725,370 | |
| CoStar Group 144A 2.80% 7/15/30 # | 4,235,000 | 4,294,151 | |
| Fidelity National Information Services 1.65% 3/1/28 | 3,960,000 | 3,853,619 | |
| Fiserv 3.20% 7/1/26 | 7,895,000 | 8,396,009 | |
| Kyndryl Holdings | |||
| 144A 2.05% 10/15/26 # | 4,105,000 | 4,062,624 | |
| 144A 2.70% 10/15/28 # | 4,105,000 | 4,049,152 | |
| Marvell Technology | |||
| 1.65% 4/15/26 | 4,460,000 | 4,431,674 | |
| 2.45% 4/15/28 | 2,820,000 | 2,833,171 | |
| Micron Technology 2.703% 4/15/32 | 2,800,000 | 2,798,782 | |
| Principal amount° | Value (US $) | ||
| Corporate Bonds (continued) | |||
| Technology (continued) | |||
| NCR 144A 5.125% 4/15/29 # | 3,525,000 | $ 3,609,001 | |
| NXP 144A 5.55% 12/1/28 # | 3,750,000 | 4,530,830 | |
| Qorvo 144A 3.375% 4/1/31 # | 8,870,000 | 9,181,426 | |
| TD SYNNEX 144A 2.375% 8/9/28 # | 6,900,000 | 6,762,714 | |
| VMware 1.80% 8/15/28 | 8,370,000 | 8,163,235 | |
| 110,419,690 | |||
| Transportation — 1.56% | |||
| Air Canada 144A 3.875% 8/15/26 # | 3,630,000 | 3,679,912 | |
| DAE Funding | |||
| 144A 1.55% 8/1/24 # | 2,260,000 | 2,232,315 | |
| 144A 3.375% 3/20/28 # | 1,105,000 | 1,130,341 | |
| Delta Air Lines 144A 7.00% 5/1/25 # | 5,404,000 | 6,307,727 | |
| Mileage Plus Holdings 144A 6.50% 6/20/27 # | 3,890,000 | 4,238,583 | |
| Seaspan 144A 5.50% 8/1/29 # | 3,050,000 | 3,084,038 | |
| United Airlines 2019-1 Class AA Pass Through Trust Series 2019-1 AA 4.15% 2/25/33 ♦ | 1,819,194 | 2,007,356 | |
| 22,680,272 | |||
| Utilities — 0.13% | |||
| Essential Utilities 3.351% 4/15/50 | 1,765,000 | 1,888,999 | |
| 1,888,999 | |||
| Total Corporate Bonds (cost $1,380,219,666) | 1,399,538,346 | ||
| Loan Agreements — 2.04% | |||
| AmWINS Group 3.00% (LIBOR01M + 2.25%) 2/19/28 • | 2,868,329 | 2,852,358 | |
| Applied Systems 1st Lien 3.75% (LIBOR03M + 3.25%) 9/19/24 • | 2,965,389 | 2,965,760 | |
| Energizer Holdings 2.75% (LIBOR01M + 2.25%) 12/22/27 • | 3,007,275 | 3,005,395 | |
| Ensemble RCM 3.879% (LIBOR03M + 3.75%) 8/3/26 • | 2,972,253 | 2,980,611 | |
| Gates Global Tranche B-3 3.25% (LIBOR01M + 2.50%) 3/31/27 • | 2,987,425 | 2,985,247 | |
| Horizon Therapeutics USA Tranche B-2 2.50% (LIBOR01M + 2.00%) 3/15/28 • | 2,875,550 | 2,872,212 | |
| Informatica Tranche B TBD 10/13/28 X | 3,000,000 | 2,996,874 | |
| Prime Security Services Borrower Tranche B-1 3.50% (LIBOR01M + 2.75%) 9/23/26 • | 2,994,950 | 2,994,270 | |
| RealPage 1st Lien 3.75% (LIBOR01M + 3.25%) 4/24/28 • | 3,030,000 | 3,026,528 | |
| Reynolds Group Holdings Tranche B-2 3.337% (LIBOR01M + 3.25%) 2/5/26 • | 2,992,388 | 2,978,126 | |
| Total Loan Agreements (cost $29,746,078) | 29,657,381 | ||
| Number of shares | Value (US $) | ||
| Convertible Preferred Stock — 0.27% | |||
| El Paso Energy Capital Trust I 4.75% exercise price $34.49, maturity date 3/31/28 | 22,731 | $ 1,147,172 | |
| Lyondellbasell Advanced Polymers 6.00% exercise price $52.33 ** | 2,808 | 2,823,444 | |
| Total Convertible Preferred Stock (cost $4,053,106) | 3,970,616 | ||
| Principal amount° | |||
| US Treasury Obligation — 0.51% | |||
| US Treasury Bond 2.00% 8/15/51 | 7,320,000 | 7,426,369 | |
| Total US Treasury Obligation (cost $7,199,334) | 7,426,369 | ||
| Number of shares | |||
| Short-Term Investments — 0.62% | |||
| Money Market Mutual Funds — 0.62% | |||
| BlackRock FedFund – Institutional Shares (seven-day effective yield 0.03%) | 2,238,072 | 2,238,072 | |
| Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 0.01%) | 2,238,072 | 2,238,072 | |
| GS Financial Square Government Fund – Institutional Shares (seven-day effective yield 0.03%) | 2,238,072 | 2,238,072 | |
| Morgan Stanley Government Portfolio – Institutional Share Class (seven-day effective yield 0.03%) | 2,238,073 | 2,238,073 | |
| Total Short-Term Investments (cost $8,952,289) | 8,952,289 | ||
| Total Value of Securities—100.16% (cost $1,433,721,808) | 1,453,102,051 | ||
| Liabilities Net of Receivables and Other Assets—(0.16%) | (2,280,843) | ||
| Net Assets Applicable to 227,943,748 Shares Outstanding—100.00% | $1,450,821,208 | ||
| ° | Principal amount shown is stated in USD unless noted that the security is denominated in another currency. |
| μ | Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at October 31, 2021. Rate will reset at a future date. |
| ψ | Perpetual security. Maturity date represents next call date. |
| # | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At October 31, 2021, the aggregate value of Rule 144A securities was $335,495,927, which represents 23.12% of the Fund's net assets. |
| ♦ | Pass Through Agreement. Security represents the contractual right to receive a proportionate amount of underlying payments due to the counterparty pursuant to various agreements related to the rescheduling of obligations and the exchange of certain notes. |
| • | Variable rate investment. Rates reset periodically. Rate shown reflects the rate in effect at October 31, 2021. For securities based on a published reference rate and spread, the reference rate and spread are indicated in their descriptions. 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 descriptions. |
| X | This loan will settle after October 31, 2021, at which time the interest rate, based on the LIBOR and the agreed upon spread on trade date, will be reflected. |
| ** | Perpetual security with no stated maturity date. |
| Summary of abbreviations: |
| DAC – Designated Activity Company |
| DIFC – Dubai International Financial Centre |
| GS – Goldman Sachs |
| ICE – Intercontinental Exchange, Inc. |
| LIBOR – London interbank offered rate |
| LIBOR01M – ICE LIBOR USD 1 Month |
| LIBOR03M – ICE LIBOR USD 3 Month |
| LIBOR06M – ICE LIBOR USD 6 Month |
| TBD – To be determined |
| USD – US Dollar |