N-Q

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number:	811-03363
Exact name of registrant as specified in charter:	Delaware Group® Limited-Term
	Government Funds
Address of principal executive offices:	2005 Market Street
	Philadelphia, PA 19103
Name and address of agent for service:	David F. Connor, Esq.
	2005 Market Street
	Philadelphia, PA 19103
Registrant’s telephone number, including area code:	(800) 523-1918
Date of fiscal year end:	December 31
Date of reporting period:	September 30, 2015

Item 1. Schedule of Investments.

Schedule of investments
Delaware Limited-Term Diversified Income Fund	September 30, 2015 (Unaudited)

		Principal amount°	Value (U.S. $)
Agency Asset-Backed Securities – 0.02%
	Fannie Mae Grantor Trust
	Series 2003-T4 2A5 5.15% 9/26/33 Φ	202,528	$	221,699
	Fannie Mae REMIC Trust
	Series 2001-W2 AS5 6.473% 10/25/31 Φ	2,257		2,339
	Freddie Mac Structured Pass Through Securities
	Series T-30 A5 7.446% 12/25/30 ⧫Φ	5,199		5,488
	SLM Student Loan Trust
	Series 2004-4 A4 0.425% 1/25/19 ●	2,714		2,682
Total Agency Asset-Backed Securities (cost $211,340)				232,208
Agency Collateralized Mortgage Obligations – 1.88%
	Fannie Mae Grantor Trust
	Series 2001-T5 A2 6.989% 6/19/41 ●	33,329		37,836
	Series 2002-T1 A2 7.00% 11/25/31	79,931		95,911
	Fannie Mae REMIC Trust
	Series 2002-W1 2A 6.391% 2/25/42 ●	95,461		111,964
	Fannie Mae REMICs
	Series 2002-90 A1 6.50% 6/25/42	1,019		1,169
	Series 2003-52 NA 4.00% 6/25/23	136,515		143,685
	Series 2003-120 BL 3.50% 12/25/18	357,926		368,262
	Series 2004-36 FA 0.594% 5/25/34 ●	378,977		381,298
	Series 2004-49 EB 5.00% 7/25/24	40,603		43,923
	Series 2005-66 FD 0.494% 7/25/35 ●	1,680,605		1,681,467
	Series 2005-110 MB 5.50% 9/25/35	14,695		15,792
	Series 2006-105 FB 0.614% 11/25/36 ●	103,018		103,823
	Series 2010-29 PA 4.50% 10/25/38	81,849		84,001
	Series 2010-75 NA 4.00% 9/25/28	280,190		286,230
	Series 2011-88 AB 2.50% 9/25/26	179,312		181,994
	Series 2011-105 FP 0.594% 6/25/41 ●	2,989,491		2,994,600
	Series 2011-113 MC 4.00% 12/25/40	290,647		306,037
	Freddie Mac REMICs
	Series 2901 CA 4.50% 11/15/19	126,765		130,919
	Series 2931 GC 5.00% 1/15/34	46,379		47,066
	Series 3016 FL 0.597% 8/15/35 ●	73,541		73,684
	Series 3027 DE 5.00% 9/15/25	41,811		45,478
	Series 3067 FA 0.557% 11/15/35 ●	3,543,073		3,555,694
	Series 3232 KF 0.657% 10/15/36 ●	103,199		103,791
	Series 3241 FM 0.587% 11/15/36 ●	36,075		36,267
	Series 3297 BF 0.447% 4/15/37 ●	1,140,110		1,139,389
	Series 3316 FB 0.507% 8/15/35 ●	175,901		176,229
	Series 3416 GK 4.00% 7/15/22	101		101
	Series 3737 NA 3.50% 6/15/25	177,691		187,111
	Series 3780 LF 0.607% 3/15/29 ●	485,245		485,903

NQ-022 [9/15] 11/15 (15501)     1

Schedule of investments
Delaware Limited-Term Diversified Income Fund (Unaudited)

		Principal amount°	Value (U.S. $)
Agency Collateralized Mortgage Obligations (continued)
	Freddie Mac REMICs
	Series 3800 AF 0.707% 2/15/41 ●	2,334,499	$	2,354,933
	Series 3803 TF 0.607% 11/15/28 ●	430,081		431,683
	Series 4163 CW 3.50% 4/15/40	3,908,940		4,099,427
	Freddie Mac Structured Pass Through Securities
	Series T-42 A5 7.50% 2/25/42 ⧫	41,958		50,078
	Series T-54 2A 6.50% 2/25/43 ⧫	959		1,142
	Series T-58 2A 6.50% 9/25/43 ⧫	668,597		773,248
	Series T-60 1A4C 4.634% 3/25/44 ⧫●	30,743		30,692
Total Agency Collateralized Mortgage Obligations (cost $20,381,854)				20,560,827
Agency Mortgage-Backed Securities – 4.66%
	Fannie Mae
	6.50% 8/1/17	14,608		14,987
	10.00% 10/1/30	94,148		104,118
	10.50% 6/1/30	25,628		26,164
	Fannie Mae ARM
	2.089% 3/1/38 ●	7,596		8,016
	2.227% 11/1/39 ●	340,311		361,952
	2.254% 9/1/38 ●	2,027,470		2,178,082
	2.269% 4/1/36 ●	41,560		44,093
	2.294% 8/1/34 ●	148,755		157,048
	2.299% 12/1/33 ●	124,311		131,844
	2.35% 11/1/35 ●	467,266		496,567
	2.352% 4/1/36 ●	5,415		5,772
	2.41% 4/1/36 ●	579,205		617,434
	2.444% 8/1/36 ●	51,289		54,522
	2.457% 11/1/35 ●	38,457		40,911
	2.461% 6/1/36 ●	173,866		185,228
	2.518% 7/1/36 ●	111,792		119,121
	2.527% 6/1/34 ●	77,031		82,011
	2.527% 7/1/36 ●	136,738		145,642
	2.576% 8/1/35 ●	35,318		37,311
	3.452% 1/1/41 ●	241,968		253,905
	4.536% 11/1/39 ●	2,046,121		2,189,489
	Fannie Mae FHAVA
	7.50% 3/1/25	277		279
	10.00% 1/1/19	25,634		26,119
	Fannie Mae S.F. 15 yr
	3.00% 1/1/29	132,481		138,252
	4.00% 4/1/24	102,331		108,690
	4.00% 5/1/27	1,183,018		1,259,215
	4.50% 9/1/20	916,060		951,206

2     NQ-022 [9/15] 11/15 (15501)

(Unaudited)

			Principal amount°	Value (U.S. $)
Agency Mortgage-Backed Securities (continued)
	Fannie Mae S.F. 15 yr
		5.00% 9/1/18	82,626	$	85,848
		5.00% 10/1/18	1,229		1,284
		5.00% 2/1/19	2,308		2,413
		5.00% 9/1/25	7,650,903		8,251,613
		5.50% 1/1/23	9,054		9,974
		5.50% 4/1/23	28,816		31,223
		6.00% 3/1/18	314,888		323,441
		6.00% 8/1/22	22,469		24,615
	Fannie Mae S.F. 20 yr
		5.50% 12/1/29	100,536		112,163
		6.00% 9/1/29	408,365		460,247
		6.50% 2/1/22	62,443		71,334
	Fannie Mae S.F. 30 yr
		4.50% 4/1/41	973,922		1,058,579
		4.50% 11/1/41	440,662		479,288
		4.50% 11/1/43	933,129		1,012,510
		5.00% 4/1/33	248,056		273,145
		5.00% 3/1/34	3,782		4,183
		5.50% 12/1/32	30,428		34,256
		5.50% 6/1/33	95,097		106,961
		5.50% 5/1/34	1,129,007		1,271,341
		5.50% 3/1/35	138,375		154,757
		5.50% 9/1/35	427,981		481,603
		5.50% 12/1/35	146,301		164,634
		5.50% 1/1/36	476,076		536,442
		5.50% 4/1/36	1,153,611		1,296,849
		5.50% 5/1/36	80,920		91,179
		5.50% 7/1/36	45,541		51,284
		5.50% 9/1/36	46,412		52,023
		5.50% 11/1/36	995,080		1,116,832
		5.50% 2/1/37	370,259		414,649
		5.50% 4/1/37	373,236		417,878
		5.50% 6/1/37	470,886		525,656
		5.50% 8/1/37	358,986		403,880
		5.50% 1/1/38	1,784,859		1,994,914
		5.50% 2/1/38	52,372		58,946
		5.50% 4/1/38	557,583		621,913
		5.50% 6/1/38	1,017,185		1,139,100
		5.50% 11/1/39	631,820		704,715
		5.50% 3/1/40	27,123		30,537
		5.50% 9/1/41	461,648		516,872
		6.00% 9/1/34	285		323

NQ-022 [9/15] 11/15 (15501)     3

Schedule of investments
Delaware Limited-Term Diversified Income Fund (Unaudited)

			Principal amount°	Value (U.S. $)
Agency Mortgage-Backed Securities (continued)
	Fannie Mae S.F. 30 yr
		6.00% 11/1/34	1,240	$	1,398
		6.00% 4/1/36	9,723		10,962
		6.00% 12/1/36	635,999		726,647
		6.00% 2/1/37	128,158		144,796
		6.00% 5/1/38	41,016		46,329
		6.00% 1/1/39	290,514		328,559
		6.50% 6/1/29	1,444		1,649
		6.50% 1/1/34	1,733		2,091
		6.50% 4/1/36	1,157		1,322
		6.50% 6/1/36	6,594		7,532
		6.50% 10/1/36	7,221		8,770
		6.50% 8/1/37	878		1,003
		7.00% 12/1/34	1,743		2,018
		7.00% 12/1/35	1,476		1,688
		7.00% 12/1/37	4,630		5,028
		7.50% 6/1/31	815		984
		7.50% 11/1/31	9,668		11,298
		7.50% 4/1/32	485		576
		7.50% 5/1/33	1,253		1,269
		7.50% 6/1/34	595		699
		8.00% 11/1/21	172		188
		8.00% 7/1/23	1,325		1,368
		8.00% 5/1/24	36,185		37,305
		9.00% 8/1/22	13,663		13,857
		9.25% 6/1/16	873		876
		9.25% 8/1/16	3,431		3,444
		10.00% 2/1/25	63,447		69,428
	Fannie Mae S.F. 30 yr TBA
		4.50% 11/1/45	684,000		740,825
	Freddie Mac
		6.50% 3/1/16	18,801		18,935
	Freddie Mac ARM
		2.275% 10/1/37 ●	192,014		202,569
		2.312% 2/1/37 ●	6,236		6,631
		2.352% 10/1/36 ●	7,667		8,148
		2.46% 4/1/34 ●	15,648		16,612
		2.463% 4/1/33 ●	59,818		61,934
		2.477% 7/1/36 ●	43,426		46,220
		2.489% 2/1/35 ●	97,806		104,836
		2.515% 1/1/44 ●	752,881		775,560
		2.62% 6/1/37 ●	366,682		384,674
		2.635% 7/1/38 ●	899,402		959,950

4     NQ-022 [9/15] 11/15 (15501)

(Unaudited)

			Principal amount°	Value (U.S. $)
Agency Mortgage-Backed Securities (continued)
	Freddie Mac ARM
		3.46% 5/1/42 ●	4,310,028	$	4,557,532
		4.847% 8/1/38 ●	29,603		31,677
	Freddie Mac S.F. 15 yr
		4.00% 5/1/25	83,439		89,328
		4.50% 6/1/26	248,758		265,365
		5.00% 6/1/18	547		569
		5.00% 4/1/20	96,514		101,929
	Freddie Mac S.F. 20 yr
		5.50% 7/1/28	170,038		188,185
	Freddie Mac S.F. 30 yr
		4.50% 10/1/39	437,354		474,177
		5.50% 6/1/36	40,042		44,316
		5.50% 3/1/40	232,722		257,721
		6.00% 3/1/36	351,936		398,814
		6.00% 1/1/38	81,856		92,305
		6.00% 6/1/38	227,163		255,615
		6.00% 8/1/38	3,003,416		3,424,386
		7.00% 11/1/33	519		621
		8.00% 5/1/31	64,263		73,613
		9.00% 9/1/30	64,623		69,429
		11.00% 5/1/20	1,537		1,711
	GNMA I S.F. 15 yr
		6.00% 1/15/22	1,412,130		1,551,095
	GNMA I S.F. 30 yr
		7.50% 12/15/23	37,118		42,869
		7.50% 12/15/31	63,877		79,958
		7.50% 1/15/32	1,418		1,782
		9.00% 8/15/16	114		115
		9.00% 9/15/16	556		562
		9.00% 2/15/17	366		367
		9.50% 12/15/16	332		339
		11.00% 1/15/16	162		163
		11.00% 2/15/16	210		211
		11.00% 9/15/16	51		51
		11.00% 12/15/17	3,258		3,278
		11.00% 4/15/19	2,956		2,974
		11.00% 5/15/19	1,544		1,554
		11.00% 6/15/19	7,158		7,231
		11.00% 8/15/19	3,742		3,826
	GNMA II GPM 30 yr
		9.75% 12/20/16	1,865		1,874
		9.75% 9/20/17	1,614		1,623

NQ-022 [9/15] 11/15 (15501)     5

Schedule of investments
Delaware Limited-Term Diversified Income Fund (Unaudited)

		Principal amount°	Value (U.S. $)
Agency Mortgage-Backed Securities (continued)
	GNMA II S.F. 30 yr
	9.50% 11/20/20	810	$	821
	9.50% 9/20/21	5,912		6,620
	9.50% 10/20/21	22,348		25,106
	9.50% 11/20/21	8,234		9,059
	10.50% 6/20/20	1,248		1,255
	11.50% 1/20/18	3,432		3,488
	11.50% 8/20/18	6,837		6,881
Total Agency Mortgage-Backed Securities (cost $50,328,091)				50,965,755
Collateralized Debt Obligations – 1.14%
	AMMC CLO
	Series 2015-16A AX 144A 1.625% 4/14/27 #●	5,700,000		5,691,450
	CIFC Funding
	Series 2011-1AR A1R 144A 1.587% 1/19/23 #●	1,832,662		1,827,347
	Harbourview CLO VII
	Series 7A AX 144A 1.674% 11/18/26 #●	5,000,000		4,992,500
Total Collateralized Debt Obligations (cost $12,520,162)				12,511,297
Commercial Mortgage-Backed Securities – 0.94%
	Banc of America Commercial Mortgage Trust
	Series 2006-1 AM 5.421% 9/10/45 ●	255,000		256,321
	CD Commercial Mortgage Trust
	Series 2005-CD1 AJ 5.289% 7/15/44 ●	330,553		330,406
	CFCRE Commercial Mortgage Trust
	Series 2011-C1 144A 3.759% 4/15/44 #	346,671		349,276
	Citigroup Commercial Mortgage Trust
	Series 2007-C6 AM 5.899% 12/10/49 ●	535,000		560,924
	DBUBS Mortgage Trust
	Series 2011-LC1A A3 144A 5.002% 11/10/46 #	1,285,000		1,450,527
	FREMF Mortgage Trust
	Series 2011-K15 B 144A 5.116% 8/25/44 #●	95,000		105,227
	Series 2012-K708 B 144A 3.886% 2/25/45 #●	1,340,000		1,396,238
	Series 2012-K711 B 144A 3.684% 8/25/45 #●	100,000		104,320
	Series 2013-K712 B 144A 3.484% 5/25/45 #●	980,000		1,007,116
	GS Mortgage Securities Trust
	Series 2006-GG6 A4 5.553% 4/10/38 ●	677,092		677,118
	JPMBB Commercial Mortgage Securities Trust
	Series 2014-C18 A1 1.254% 2/15/47	475,051		475,021
	JPMorgan Chase Commercial Mortgage Securities Trust
	Series 2006-LDP8 AM 5.44% 5/15/45	1,065,000		1,094,119
	Morgan Stanley Capital I Trust
	Series 2005-HQ7 AJ 5.397% 11/14/42 ●	500,000		499,617
	Series 2006-TOP23 A4 6.017% 8/12/41 ●	555,973		566,930

6     NQ-022 [9/15] 11/15 (15501)

(Unaudited)

		Principal amount°	Value (U.S. $)
Commercial Mortgage-Backed Securities (continued)
	NCUA Guaranteed Notes Trust
	Series 2010-C1 A2 2.90% 10/29/20	1,424,184	$	1,433,420
Total Commercial Mortgage-Backed Securities (cost $10,328,190)				10,306,580
Convertible Bond – 0.13%
	Jefferies Group 3.875% exercise price $44.69, expiration
	date 10/31/29	1,355,000		1,382,100
Total Convertible Bond (cost $1,443,922)				1,382,100
Corporate Bonds – 54.24%
Automotive – 0.19%
	International Automotive Components Group 144A
	9.125% 6/1/18 #	1,000,000		1,020,000
	Schaeffler Holding Finance 144A PIK 6.25% 11/15/19 #❆	1,000,000		1,063,750
				2,083,750
Banking – 9.84%
	ANZ New Zealand International 144A 2.60% 9/23/19 #	3,900,000		3,948,173
	Banco Continental Via Continental Senior Trustees
	Cayman 144A 5.50% 11/18/20 #	500,000		539,500
	Bank Nederlandse Gemeenten 144A 1.75% 10/6/15 #	2,000		2,000
	Bank of America
	2.25% 4/21/20	3,850,000		3,797,209
	3.95% 4/21/25	1,055,000		1,028,357
	Bank of Montreal 2.375% 1/25/19	4,580,000		4,651,627
	Barclays 2.75% 11/8/19	5,000,000		5,038,130
	BBVA Bancomer 144A 7.25% 4/22/20 #	500,000		544,500
	BBVA International Preferred SAU 5.919% 4/29/49 ●	500,000		508,125
	Branch Banking & Trust 3.80% 10/30/26	1,610,000		1,635,631
	Capital One 2.35% 8/17/18	755,000		757,611
	Citizens Bank 2.45% 12/4/19	4,385,000		4,380,711
	Compass Bank 2.75% 9/29/19	7,305,000		7,284,590
	Cooperatieve Centrale Raiffeisen-Boerenleenbank
	2.25% 1/14/19	5,690,000		5,748,487
	Credit Suisse
	2.30% 5/28/19	4,890,000		4,911,526
	3.00% 10/29/21	475,000		476,373
	Fifth Third Bancorp 2.875% 7/27/20	475,000		479,440
	HBOS 144A 6.75% 5/21/18 #	2,555,000		2,822,473
	HSBC USA 2.75% 8/7/20	785,000		788,378
	ING Groep 6.00% 12/29/49 ●	950,000		936,937
	JPMorgan Chase
	4.125% 12/15/26	285,000		284,504
	7.90% 4/29/49 ●	1,000,000		1,040,000

NQ-022 [9/15] 11/15 (15501)     7

Schedule of investments
Delaware Limited-Term Diversified Income Fund (Unaudited)

		Principal amount°	Value (U.S. $)
Corporate Bonds (continued)
Banking (continued)
	JPMorgan Chase Bank 0.666% 6/13/16 ●	1,750,000	$	1,746,551
	KeyBank 3.18% 5/22/22	1,335,000		1,353,531
	Manufacturers & Traders Trust 2.25% 7/25/19	5,255,000		5,282,063
	Morgan Stanley
	4.00% 7/23/25	975,000		997,651
	4.35% 9/8/26	1,590,000		1,601,637
	MUFG Americas Holdings
	2.25% 2/10/20	800,000		798,152
	3.00% 2/10/25	1,795,000		1,719,168
	PNC Bank
	2.30% 6/1/20	4,275,000		4,250,320
	2.60% 7/21/20	1,040,000		1,051,849
	Popular 7.00% 7/1/19	1,000,000		953,750
	Santander Holdings USA 4.625% 4/19/16	2,090,000		2,129,952
	Skandinaviska Enskilda Banken 144A 2.375% 3/25/19 #	4,580,000		4,660,608
	State Street 2.55% 8/18/20	1,075,000		1,089,949
	SunTrust Banks
	2.35% 11/1/18	3,850,000		3,895,719
	2.50% 5/1/19	3,705,000		3,749,134
	SVB Financial Group 3.50% 1/29/25	1,235,000		1,206,862
	Swedbank 144A 2.375% 2/27/19 #	2,000,000		2,030,318
	Toronto-Dominion Bank 2.25% 11/5/19	3,580,000		3,604,845
	Trade & Development Bank of Mongolia 144A
	9.375% 5/19/20 #	400,000		391,994
	Turkiye Is Bankasi 144A 3.75% 10/10/18 #	500,000		483,366
	US Bancorp 4.125% 5/24/21	200,000		217,376
	USB Capital IX 3.50% 10/29/49 ●	6,960,000		5,672,400
	Wells Fargo
	2.15% 1/15/19	3,580,000		3,609,911
	3.00% 1/22/21	3,000,000		3,076,248
	Yapi ve Kredi Bankasi 144A 5.25% 12/3/18 #	500,000		503,300
				107,680,936
Basic Industry – 3.35%
	ArcelorMittal 5.125% 6/1/20	200,000		181,520
	AVINTIV Specialty Materials 6.875% 6/1/19	1,000,000		1,064,350
	Builders FirstSource 144A 7.625% 6/1/21 #	1,000,000		1,045,000
	CF Industries 6.875% 5/1/18	7,410,000		8,266,396
	Ecolab 2.25% 1/12/20	4,310,000		4,321,309
	Freeport-McMoran Oil & Gas 6.50% 11/15/20	459,000		415,110
	Georgia-Pacific
	144A 2.539% 11/15/19 #	1,000,000		1,005,964
	144A 5.40% 11/1/20 #	5,750,000		6,450,431

8     NQ-022 [9/15] 11/15 (15501)

(Unaudited)

		Principal amount°	Value (U.S. $)
Corporate Bonds (continued)
Basic Industry (continued)
	Gerdau Holdings 144A 7.00% 1/20/20 #	500,000	$	468,750
	HD Supply 11.50% 7/15/20	2,000,000		2,270,000
	Headwaters 7.25% 1/15/19	750,000		776,250
	International Paper 5.25% 4/1/16	550,000		559,809
	INVISTA Finance 144A 4.25% 10/15/19 #	1,330,000		1,290,100
	Joseph T Ryerson & Son 9.00% 10/15/17	500,000		447,500
	Kissner Milling 144A 7.25% 6/1/19 #	500,000		472,500
	LyondellBasell Industries 5.75% 4/15/24	610,000		683,054
	Methanex 4.25% 12/1/24	1,475,000		1,422,834
	MMC Finance 4.375% 4/30/18	500,000		498,750
	Phosagro 144A 4.204% 2/13/18 #	500,000		495,813
	PPG Industries 2.30% 11/15/19	940,000		948,608
	Rock-Tenn
	3.50% 3/1/20	1,010,000		1,046,618
	4.45% 3/1/19	945,000		1,007,225
	Rockwood Specialties Group 4.625% 10/15/20	835,000		864,512
	TPC Group 144A 8.75% 12/15/20 #	750,000		645,000
				36,647,403
Brokerage – 0.25%
	Jefferies Group 5.125% 1/20/23	2,415,000		2,423,414
	Lazard Group 6.85% 6/15/17	316,000		341,592
				2,765,006
Capital Goods – 0.88%
	Accudyne Industries Borrower 144A 7.75% 12/15/20 #	750,000		654,375
	Beverage Packaging Holdings Luxembourg II 144A
	6.00% 6/15/17 #	2,000,000		1,965,000
	Cemex 144A 5.875% 3/25/19 #	500,000		488,750
	Crane 2.75% 12/15/18	205,000		206,990
	Fortune Brands Home & Security 3.00% 6/15/20	630,000		635,402
	Ingersoll-Rand Global Holding 2.875% 1/15/19	4,630,000		4,711,081
	Ingersoll-Rand Luxembourg Finance 2.625% 5/1/20	145,000		145,144
	TransDigm 7.50% 7/15/21	750,000		785,625
				9,592,367
Communications – 3.20%
	AT&T
	2.45% 6/30/20	1,420,000		1,399,667
	3.40% 5/15/25	1,165,000		1,114,236
	CBS 4.00% 1/15/26	1,835,000		1,809,004
	CC Holdings GS V 3.849% 4/15/23	1,165,000		1,162,789
	Columbus International 144A 7.375% 3/30/21 #	500,000		519,375
	Crown Castle Towers 144A 3.663% 5/15/25 #	635,000		618,973
	Digicel Group 144A 8.25% 9/30/20 #	2,000,000		1,860,000

NQ-022 [9/15] 11/15 (15501)     9

Schedule of investments
Delaware Limited-Term Diversified Income Fund (Unaudited)

		Principal amount°	Value (U.S. $)
Corporate Bonds (continued)
Communications (continued)
	GTP Acquisition Partners I 144A 2.35% 6/15/20 #	520,000	$	519,163
	Interpublic Group 2.25% 11/15/17	1,600,000		1,604,750
	Millicom International Cellular 144A 6.625% 10/15/21 #	500,000		497,000
	MTS International Funding 144A 8.625% 6/22/20 #	300,000		325,950
	Myriad International Holdings 144A 6.375% 7/28/17 #	500,000		529,935
	SBA Tower Trust 144A 2.24% 4/16/18 #	1,995,000		1,985,012
	SES 144A 3.60% 4/4/23 #	1,986,000		2,009,276
	SES GLOBAL Americas Holdings 144A 2.50% 3/25/19 #	1,695,000		1,696,639
	Sky 144A 3.75% 9/16/24 #	1,360,000		1,343,057
	Verizon Communications
	3.00% 11/1/21	1,470,000		1,467,985
	4.50% 9/15/20	3,165,000		3,432,414
	5.15% 9/15/23	4,530,000		5,012,481
	Viacom 2.50% 9/1/18	5,560,000		5,593,249
	VimpelCom Holdings 144A 6.255% 3/1/17 #	500,000		513,313
				35,014,268
Consumer Cyclical – 4.23%
	Alibaba Group Holding 144A 3.125% 11/28/21 #	2,225,000		2,142,079
	AutoNation 3.35% 1/15/21	445,000		450,317
	AutoZone 2.50% 4/15/21	2,905,000		2,881,490
	Daimler Finance North America 144A 2.70% 8/3/20 #	4,480,000		4,415,277
	Ford Motor Credit
	2.24% 6/15/18	1,500,000		1,496,603
	5.00% 5/15/18	5,055,000		5,379,733
	General Motors 3.50% 10/2/18	795,000		803,403
	General Motors Financial
	3.15% 1/15/20	1,135,000		1,126,424
	3.20% 7/13/20	1,750,000		1,728,323
	3.45% 4/10/22	1,070,000		1,030,700
	4.375% 9/25/21	990,000		1,012,093
	Hyundai Capital America
	144A 2.55% 2/6/19 #	1,000,000		1,006,042
	144A 2.875% 8/9/18 #	500,000		508,461
	Landry’s 144A 9.375% 5/1/20 #	1,000,000		1,072,500
	Marriott International 3.375% 10/15/20	1,200,000		1,245,298
	NPC International 10.50% 1/15/20	1,000,000		1,045,000
	PF Chang’s China Bistro 144A 10.25% 6/30/20 #	500,000		488,750
	Starbucks 2.70% 6/15/22	730,000		739,389
	Target 2.30% 6/26/19	3,500,000		3,576,860
	Toyota Motor Credit
	2.00% 10/24/18	5,055,000		5,110,246
	2.125% 7/18/19	7,375,000		7,403,246

10     NQ-022 [9/15] 11/15 (15501)

(Unaudited)

		Principal amount°	Value (U.S. $)
Corporate Bonds (continued)
Consumer Cyclical (continued)
	Volkswagen Group of America Finance 144A
	2.125% 5/23/19 #	1,710,000	$	1,596,978
				46,259,212
Consumer Non-Cyclical – 10.35%
	AbbVie 2.50% 5/14/20	6,000,000		5,973,312
	Actavis Funding 3.00% 3/12/20	4,425,000		4,439,939
	Amgen 2.20% 5/22/19	5,635,000		5,663,085
	Baxalta 144A 2.875% 6/23/20 #	4,915,000		4,918,554
	Bayer U.S. Finance 144A 2.375% 10/8/19 #	6,000,000		6,081,198
	Becton Dickinson
	2.675% 12/15/19	4,270,000		4,322,030
	6.375% 8/1/19	2,160,000		2,471,247
	Biogen 2.90% 9/15/20	1,040,000		1,051,729
	Boston Scientific 2.65% 10/1/18	2,390,000		2,420,893
	Celgene 2.30% 8/15/18	5,810,000		5,885,199
	Dr. Pepper Snapple Group 2.00% 1/15/20	6,060,000		5,969,052
	Express Scripts Holding 2.25% 6/15/19	5,500,000		5,487,553
	Gilead Sciences 2.35% 2/1/20	7,000,000		7,054,558
	Ingredion 1.80% 9/25/17	3,545,000		3,535,464
	JBS Investments 144A 7.75% 10/28/20 #	1,500,000		1,545,000
	Kroger
	3.30% 1/15/21	2,490,000		2,558,119
	3.85% 8/1/23	250,000		258,599
	Mattel 1.70% 3/15/18	5,010,000		4,990,591
	McKesson 2.284% 3/15/19	6,685,000		6,704,554
	Merck 1.85% 2/10/20	5,920,000		5,936,919
	Pernod-Ricard 144A 5.75% 4/7/21 #	1,060,000		1,193,806
	Perrigo 2.30% 11/8/18	1,425,000		1,410,600
	Perrigo Finance 3.50% 12/15/21	885,000		874,973
	Reynolds American
	3.25% 6/12/20	3,995,000		4,113,444
	4.00% 6/12/22	645,000		674,960
	Smucker (J.M.) 144A 2.50% 3/15/20 #	2,515,000		2,525,299
	St Jude Medical
	2.80% 9/15/20	1,175,000		1,182,609
	3.875% 9/15/25	180,000		182,789
	Sysco 2.60% 10/1/20	1,855,000		1,857,862
	Thermo Fisher Scientific 2.40% 2/1/19	6,305,000		6,344,627
	Valeant Pharmaceuticals International 144A
	5.375% 3/15/20 #	1,000,000		974,375
	Zimmer Holdings 2.70% 4/1/20	4,585,000		4,606,522
				113,209,461

NQ-022 [9/15] 11/15 (15501)     11

Schedule of investments
Delaware Limited-Term Diversified Income Fund (Unaudited)

		Principal amount°	Value (U.S. $)
Corporate Bonds (continued)
Electric – 5.85%
	AES Gener 144A 5.25% 8/15/21 #	420,000	$	440,847
	Arizona Public Service 2.20% 1/15/20	4,195,000		4,193,356
	Berkshire Hathaway Energy 2.00% 11/15/18	5,510,000		5,526,508
	CenterPoint Energy 5.95% 2/1/17	2,365,000		2,502,823
	Commonwealth Edison 2.15% 1/15/19	1,550,000		1,563,315
	DPL 7.25% 10/15/21	1,500,000		1,500,000
	DTE Energy
	2.40% 12/1/19	1,725,000		1,737,379
	144A 3.30% 6/15/22 #	1,050,000		1,076,020
	Dynegy 6.75% 11/1/19	1,500,000		1,511,250
	Electricite de France
	144A 2.15% 1/22/19 #	5,410,000		5,470,262
	144A 5.25% 12/29/49 #●	280,000		270,550
	Entergy 4.00% 7/15/22	3,175,000		3,283,518
	Exelon 2.85% 6/15/20	2,000,000		2,019,684
	IPALCO Enterprises 144A 3.45% 7/15/20 #	710,000		690,475
	Israel Electric 144A 5.625% 6/21/18 #	500,000		533,125
	Korea East-West Power 144A 2.625% 11/27/18 #	500,000		509,185
	Majapahit Holding 144A 8.00% 8/7/19 #	500,000		551,900
	National Rural Utilities Cooperative Finance 2.15% 2/1/19	6,030,000		6,068,707
	NextEra Energy Capital Holdings 2.70% 9/15/19	6,980,000		7,034,974
	NV Energy 6.25% 11/15/20	2,460,000		2,870,977
	PPL Capital Funding 1.90% 6/1/18	3,810,000		3,812,823
	Southern 2.45% 9/1/18	5,905,000		5,974,602
	State Grid Overseas Investment 2014 144A
	2.75% 5/7/19 #	2,720,000		2,767,091
	WEC Energy Group 2.45% 6/15/20	2,075,000		2,098,460
				64,007,831
Energy – 4.79%
	CenterPoint Energy Resources 4.50% 1/15/21	2,700,000		2,895,372
	Chesapeake Energy 3.539% 4/15/19 ●	1,500,000		1,068,750
	CNOOC Finance 2015 Australia 2.625% 5/5/20	1,005,000		991,666
	Continental Resources 4.50% 4/15/23	2,165,000		1,882,935
	Dominion Gas Holdings 2.50% 12/15/19	2,020,000		2,042,618
	Enterprise Products Operating 3.70% 2/15/26	3,205,000		3,034,972
	EOG Resources 2.45% 4/1/20	2,580,000		2,605,919
	EP Energy 9.375% 5/1/20	500,000		432,500
	KazMunayGas National 144A 6.375% 4/9/21 #	500,000		491,250
	Kinder Morgan Energy Partners 6.50% 4/1/20	2,975,000		3,296,770
	Laredo Petroleum 7.375% 5/1/22	1,000,000		972,500
	Marathon Oil 3.85% 6/1/25	1,825,000		1,618,830
	Noble Holding International 4.00% 3/16/18	1,880,000		1,781,699

12     NQ-022 [9/15] 11/15 (15501)

(Unaudited)

		Principal amount°	Value (U.S. $)
Corporate Bonds (continued)
Energy (continued)
	ONGC Videsh 2.50% 5/7/18	500,000	$	498,600
	Petroleos Mexicanos 3.50% 7/18/18	500,000		506,750
	Petronas Global Sukuk 144A 2.707% 3/18/20 #	1,330,000		1,322,597
	Regency Energy Partners 5.875% 3/1/22	3,305,000		3,391,211
	Shell International Finance 2.00% 11/15/18	9,800,000		9,922,559
	Sunoco Logistics Partners Operations 3.45% 1/15/23	1,870,000		1,628,211
	Whiting Petroleum 5.00% 3/15/19	500,000		437,500
	Williams Partners 7.25% 2/1/17	7,945,000		8,456,467
	Woodside Finance 144A 8.75% 3/1/19 #	2,235,000		2,643,138
	YPF 144A 8.875% 12/19/18 #	500,000		485,000
				52,407,814
Finance Companies – 1.25%
	Ally Financial 4.125% 3/30/20	500,000		495,625
	Aviation Capital Group 144A 2.875% 9/17/18 #	1,610,000		1,610,547
	Corporacion Financiera de Desarrollo 144A
	3.25% 7/15/19 #	500,000		501,625
	General Electric Capital
	144A 3.80% 6/18/19 #	2,235,000		2,399,838
	5.55% 5/4/20	2,175,000		2,513,584
	6.00% 8/7/19	1,445,000		1,672,095
	7.125% 12/29/49 ●	1,900,000		2,196,875
	Legg Mason 2.70% 7/15/19	2,220,000		2,235,338
				13,625,527
Healthcare – 0.33%
	IASIS Healthcare 8.375% 5/15/19	1,000,000		1,031,250
	Immucor 11.125% 8/15/19	1,070,000		1,107,450
	Kinetic Concepts 10.50% 11/1/18	1,000,000		1,049,250
	Mallinckrodt International Finance 144A 4.875% 4/15/20 #	500,000		479,375
				3,667,325
Insurance – 2.26%
	American International Group 2.30% 7/16/19	3,700,000		3,724,646
	MetLife 1.756% 12/15/17	5,105,000		5,142,910
	Metropolitan Life Global Funding I 144A 1.875% 6/22/18 #	5,265,000		5,302,482
	Pricoa Global Funding I
	144A 1.60% 5/29/18 #	1,050,000		1,048,644
	144A 2.20% 5/16/19 #	3,855,000		3,884,379
	Prudential Financial 5.625% 6/15/43 ●	1,200,000		1,241,400
	TIAA Asset Management Finance
	144A 2.95% 11/1/19 #	975,000		989,496
	144A 4.125% 11/1/24 #	460,000		469,795
	UnitedHealth Group 2.70% 7/15/20	2,900,000		2,969,356
				24,773,108

NQ-022 [9/15] 11/15 (15501)     13

Schedule of investments
Delaware Limited-Term Diversified Income Fund (Unaudited)

		Principal amount°	Value (U.S. $)
Corporate Bonds (continued)
Media – 0.24%
	Univision Communications 144A 8.50% 5/15/21 #	1,500,000	$	1,565,625
	WideOpenWest Finance 10.25% 7/15/19	1,000,000		1,011,250
				2,576,875
Natural Gas – 0.51%
	Sempra Energy 2.30% 4/1/17	5,490,000		5,552,756
				5,552,756
Real Estate – 0.26%
	WEA Finance
	144A 2.70% 9/17/19 #	2,625,000		2,615,015
	144A 3.75% 9/17/24 #	200,000		197,238
				2,812,253
REITs – 0.07%
	Host Hotels & Resorts 3.75% 10/15/23	505,000		495,134
	Iron Mountain 144A 6.00% 10/1/20 #	250,000		253,050
				748,184
Services – 0.18%
	Algeco Scotsman Global Finance 144A 8.50% 10/15/18 #	500,000		440,100
	BlueLine Rental Finance 144A 7.00% 2/1/19 #	455,000		439,075
	Pinnacle Entertainment 6.375% 8/1/21	1,000,000		1,063,330
				1,942,505
Technology – 4.11%
	Amphenol 3.125% 9/15/21	5,975,000		6,047,023
	Baidu 2.75% 6/9/19	2,500,000		2,485,553
	Cisco Systems 2.45% 6/15/20	5,150,000		5,232,173
	Hewlett Packard Enterprise
	144A 2.85% 10/5/18 #	1,445,000		1,443,150
	144A 3.60% 10/15/20 #	640,000		639,821
	Molex Electronic Technologies 144A 2.878% 4/15/20 #	2,250,000		2,227,732
	Motorola Solutions 4.00% 9/1/24	995,000		899,521
	National Semiconductor 6.60% 6/15/17	3,325,000		3,624,130
	NetApp 3.375% 6/15/21	2,415,000		2,383,315
	Oracle
	2.25% 10/8/19	5,480,000		5,546,368
	2.50% 5/15/22	85,000		83,840
	2.95% 5/15/25	660,000		644,248
	QUALCOMM 3.00% 5/20/22	1,780,000		1,756,693
	Seagate HDD Cayman 4.75% 1/1/25	2,305,000		2,216,781
	Tencent Holdings 144A 3.375% 5/2/19 #	1,760,000		1,790,876
	Xerox
	5.625% 12/15/19	3,300,000		3,656,628
	6.35% 5/15/18	3,890,000		4,296,731
				44,974,583

14     NQ-022 [9/15] 11/15 (15501)

(Unaudited)

		Principal amount°	Value (U.S. $)
Corporate Bonds (continued)
Technology & Electronics – 0.15%
	First Data 11.75% 8/15/21	1,500,000	$	1,668,750
				1,668,750
Telecommunications – 0.28%
	Frontier Communications 144A 8.875% 9/15/20 #	1,000,000		982,500
	Intelsat Luxembourg 6.75% 6/1/18	1,000,000		856,250
	Sprint Capital 6.90% 5/1/19	500,000		441,250
	Sprint Communications 6.00% 12/1/16	750,000		740,625
				3,020,625
Transportation – 1.65%
	AP Moeller - Maersk 144A 2.55% 9/22/19 #	1,595,000		1,606,792
	DP World Sukuk 144A 6.25% 7/2/17 #	500,000		532,410
	ERAC USA Finance 144A 2.80% 11/1/18 #	3,355,000		3,433,900
	HPHT Finance 15 144A 2.875% 3/17/20 #	810,000		809,829
	Kansas City Southern de Mexico 3.00% 5/15/23	595,000		576,643
	Penske Truck Leasing 144A 2.50% 6/15/19 #	5,200,000		5,179,528
	Union Pacific 2.25% 2/15/19	3,260,000		3,312,277
	United Parcel Service 5.125% 4/1/19	2,340,000		2,622,684
				18,074,063
Utilities – 0.02%
	GenOn Energy 7.875% 6/15/17	250,000		235,625
				235,625
Total Corporate Bonds (cost $597,383,620)				593,340,227
Municipal Bond – 0.58%
	University of California
	0.693% 7/1/41 ●	6,385,000		6,383,404
Total Municipal Bond (cost $6,385,000)				6,383,404
Non-Agency Asset-Backed Securities – 33.22%
	Ally Master Owner Trust
	Series 2012-5 A 1.54% 9/15/19	3,855,000		3,862,502
	Series 2014-4 A2 1.43% 6/17/19	1,510,000		1,512,668
	American Express Credit Account Master Trust
	Series 2012-1 A 0.477% 1/15/20 ●	3,900,000		3,901,650
	Series 2013-1 A 0.627% 2/16/21 ●	5,185,000		5,193,949
	Series 2013-2 A 0.627% 5/17/21 ●	2,474,000		2,474,757
	Series 2014-1 A 0.577% 12/15/21 ●	2,100,000		2,096,680
	ARI Fleet Lease Trust
	Series 2015-A A2 144A 1.11% 11/15/18 #	285,000		284,468
	Avis Budget Rental Car Funding AESOP
	Series 2011-3A A 144A 3.41% 11/20/17 #	820,000		838,426

NQ-022 [9/15] 11/15 (15501)     15

Schedule of investments
Delaware Limited-Term Diversified Income Fund (Unaudited)

			Principal amount°	Value (U.S. $)
Non-Agency Asset-Backed Securities (continued)
	Avis Budget Rental Car Funding AESOP
		Series 2013-2A A 144A 2.97% 2/20/20 #	6,500,000	$	6,693,499
	Bank of America Credit Card Trust
		Series 2007-A4 A4 0.247% 11/15/19 ●	10,495,000		10,445,327
		Series 2014-A2 A 0.477% 9/16/19 ●	5,500,000		5,496,810
		Series 2014-A3 A 0.497% 1/15/20 ●	7,765,000		7,760,520
	Barclays Dryrock Issuance Trust
		Series 2014-2 A 0.547% 3/16/20 ●	2,500,000		2,496,300
	Cabela’s Credit Card Master Note Trust
		Series 2012-2A A1 144A 1.45% 6/15/20 #	1,065,000		1,069,572
		Series 2014-2 A 0.657% 7/15/22 ●	6,000,000		5,955,390
	California Republic Auto Receivables Trust
		Series 2013-2 A2 1.23% 3/15/19	1,201,016		1,201,369
	Capital One Multi-Asset Execution Trust
		Series 2007-A1 A1 0.257% 11/15/19 ●	14,085,000		14,034,393
		Series 2007-A2 A2 0.287% 12/16/19 ●	5,000,000		4,984,725
	Chase Issuance Trust
		Series 2007-A12 A12 0.257% 8/15/19 ●	4,000,000		3,977,464
		Series 2007-B1 B1 0.457% 4/15/19 ●	2,000,000		1,990,144
		Series 2012-A10 A10 0.467% 12/16/19 ●	12,750,000		12,707,428
		Series 2013-A3 A3 0.487% 4/15/20 ●	3,670,000		3,662,168
		Series 2013-A6 A6 0.627% 7/15/20 ●	4,000,000		4,005,732
		Series 2013-A9 A 0.627% 11/16/20 ●	8,900,000		8,883,241
		Series 2014-A5 A5 0.577% 4/15/21 ●	8,400,000		8,404,780
		Series 2015-A6 A6 0.457% 5/15/19 ●	11,000,000		10,985,898
	Chesapeake Funding
		Series 2012-2A A 144A 0.649% 5/7/24 #●	2,813,656		2,811,928
		Series 2014-1A A 144A 0.619% 3/7/26 #●	10,030,538		9,999,905
	Citibank Credit Card Issuance Trust
		Series 2013-A4 A4 0.616% 7/24/20 ●	800,000		798,869
		Series 2013-A7 A7 0.633% 9/10/20 ●	8,100,000		8,108,108
	Conseco Financial
		Series 1997-6 A8 7.07% 1/15/29	23,372		23,572
	Dell Equipment Finance Trust
		Series 2014-1 A3 144A 0.94% 6/22/20 #	770,000		769,791
	Discover Card Execution Note Trust
		Series 2013-A1 A1 0.507% 8/17/20 ●	3,300,000		3,292,852
		Series 2013-A5 A5 1.04% 4/15/19	5,000,000		5,010,385
		Series 2013-A6 A6 0.657% 4/15/21 ●	1,290,000		1,293,888
		Series 2014-A1 A1 0.637% 7/15/21 ●	8,365,000		8,384,691
		Series 2014-A3 A3 1.22% 10/15/19	1,175,000		1,178,901
		Series 2015-A1 A1 0.557% 8/17/20 ●	5,600,000		5,579,896
		Series 2015-A3 A 1.45% 3/15/21	890,000		889,882

16     NQ-022 [9/15] 11/15 (15501)

(Unaudited)

		Principal amount°	Value (U.S. $)
Non-Agency Asset-Backed Securities (continued)
	Enterprise Fleet Financing
	Series 2014-1 A2 144A 0.87% 9/20/19 #	1,579,759	$	1,578,061
	FirstKey Lending Trust
	Series 2015-SFR1 A 144A 2.553% 3/9/47 #	495,174		495,340
	Ford Credit Auto Lease Trust
	Series 2015-A A3 1.13% 6/15/18	725,000		724,625
	Ford Credit Floorplan Master Owner Trust A
	Series 2013-1 A1 0.85% 1/15/18	3,010,000		3,011,216
	Series 2013-1 A2 0.587% 1/15/18 ●	8,500,000		8,498,232
	Series 2014-1 A2 0.607% 2/15/19 ●	6,524,000		6,509,673
	Series 2015-2 A2 0.777% 1/15/22 ●	10,000,000		9,918,970
	GE Dealer Floorplan Master Note Trust
	Series 2012-2 A 0.966% 4/22/19 ●	19,865,000		19,865,000
	Series 2013-1 A 0.616% 4/20/18 ●	2,600,000		2,597,413
	Series 2014-2 A 0.666% 10/20/19 ●	8,575,000		8,530,710
	Series 2015-1 A 0.716% 1/20/20 ●	4,810,000		4,785,758
	Golden Credit Card Trust
	Series 2013-2A A 144A 0.637% 9/15/18 #●	6,500,000		6,503,373
	Series 2014-2A A 144A 0.657% 3/15/21 #●	535,000		532,964
	Series 2015-1A A 144A 0.647% 2/15/20 #●	7,750,000		7,724,061
	GreatAmerica Leasing Receivables
	Series 2014-1 A3 144A 0.89% 7/15/17 #	2,985,000		2,986,146
	Hertz Fleet Lease Funding
	Series 2014-1 A 144A 0.603% 4/10/28 #●	6,420,226		6,409,042
	HOA Funding
	Series 2014-1A A2 144A 4.846% 8/20/44 #	259,700		258,281
	Honda Auto Receivables Owner Trust
	Series 2015-3 A3 1.27% 4/18/19	6,000,000		6,018,792
	Hyundai Auto Lease Securitization Trust
	Series 2014-A A4 144A 1.01% 9/15/17 #	1,310,000		1,312,602
	Series 2015-A A3 144A 1.42% 9/17/18 #	6,200,000		6,217,862
	Hyundai Auto Receivables Trust
	Series 2015-C A2B 0.574% 11/15/18 ●	1,200,000		1,199,783
	Navistar Financial Dealer Note Master Owner Trust II
	Series 2014-1 A 144A 0.944% 10/25/19 #●	9,000,000		8,957,142
	NextGear Floorplan Master Owner Trust
	Series 2014-1A A 144A 1.92% 10/15/19 #	1,015,000		1,020,315
	Nissan Auto Lease Trust
	Series 2014-A A4 1.04% 10/15/19	1,360,000		1,360,258
	Series 2014-B A3 1.12% 9/15/17	6,500,000		6,511,979
	Nissan Auto Receivables Owner Trust
	Series 2013-C A3 0.67% 8/15/18	2,071,614		2,068,330
	Nissan Master Owner Trust Receivables
	Series 2013-A A 0.507% 2/15/18 ●	12,420,000		12,414,250

NQ-022 [9/15] 11/15 (15501)     17

Schedule of investments
Delaware Limited-Term Diversified Income Fund (Unaudited)

		Principal amount°	Value (U.S. $)
Non-Agency Asset-Backed Securities (continued)
	Penarth Master Issuer
	Series 2015-1A A1 144A 0.613% 3/18/19 #●	385,000	$	383,904
	Series 2015-2A A1 144A 0.613% 5/18/19 #●	3,800,000		3,788,239
	PFS Financing
	Series 2013-AA A 144A 0.757% 2/15/18 #●	9,300,000		9,294,411
	Series 2014-AA A 144A 0.807% 2/15/19 #●	8,000,000		7,977,320
	Series 2015-AA A 144A 0.827% 4/15/20 #●	2,000,000		1,988,734
	Porsche Innovative Lease Owner Trust
	Series 2015-1 A3 144A 1.19% 7/23/18 #	755,000		754,434
	Synchrony Credit Card Master Note Trust
	Series 2012-6 A 1.36% 8/17/20	870,000		870,412
	Series 2015-2 A 1.60% 4/15/21	1,250,000		1,254,477
	Trade MAPS 1
	Series 2013-1A A 144A 0.903% 12/10/18 #●	9,970,000		9,973,220
	Volkswagen Auto Lease Trust
	Series 2015-A A3 1.25% 12/20/17	790,000		787,339
	Volkswagen Credit Auto Master Trust
	Series 2014-1A A2 144A 1.40% 7/22/19 #	2,210,000		2,201,688
	Wheels
	Series 2014-1A A2 144A 0.84% 3/20/23 #	2,354,851		2,349,645
	World Financial Network Credit Card Master Trust
	Series 2015-A A 0.687% 2/15/22 ●	685,000		683,532
Total Non-Agency Asset-Backed Securities
	(cost $363,421,098)			363,380,061
Non-Agency Collateralized Mortgage Obligations – 0.14%
	American Home Mortgage Investment Trust
	Series 2005-2 5A1 5.064% 9/25/35 ϕ	44,403		45,166
	Bank of America Alternative Loan Trust
	Series 2005-3 2A1 5.50% 4/25/20	57,733		59,270
	Series 2005-6 7A1 5.50% 7/25/20	45,194		44,070
	Bank of America Mortgage Securities
	Series 2002-K 2A1 2.525% 10/20/32 @●	3,254		3,256
	GSMPS Mortgage Loan Trust
	Series 1998-2 A 144A 7.248% 5/19/27 #●	74,737		79,431
	JPMorgan Mortgage Trust
	Series 2014-IVR6 2A4 144A 2.50% 7/25/44 #●	455,000		458,678
	Sequoia Mortgage Trust
	Series 2014-2 A4 144A 3.50% 7/25/44 #●	678,751		689,701
	Wells Fargo Mortgage-Backed Securities Trust
	Series 2004-EE 3A1 2.662% 12/25/34 ●	14,283		14,407
	Series 2006-AR5 2A1 2.713% 4/25/36 ●	165,445		155,404
Total Non-Agency Collateralized Mortgage Obligations (cost $1,475,896)				1,549,383

18     NQ-022 [9/15] 11/15 (15501)

(Unaudited)

		Principal amount°	Value (U.S. $)
Regional Bond – 0.03%Δ
Argentina – 0.03%
	Provincia de Buenos Aires 144A 9.95% 6/9/21 #	330,000	$	312,675
Total Regional Bond (cost $325,921)				312,675
Senior Secured Loans – 0.49%«
	Avaya 1st Lien 4.694% 10/26/17	1,000,000		825,000
	BJ’s Wholesale Club 2nd Lien 8.50% 3/31/20	500,000		496,875
	Caesars Growth Properties Holdings Tranche B 1st Lien
	6.25% 5/8/21	494,988		435,589
	FMG Resources August 2006 Pty 1st Lien 3.75% 6/30/19	249,364		205,102
	iHeartCommunications Tranche D 1st Lien
	6.944% 1/30/19	1,000,000		832,500
	Marina District Finance Tranche B 1st Lien 6.50% 8/15/18	343,505		345,792
	Mauser Holding 2nd Lien 8.75% 7/31/22 @	1,000,000		982,500
	Republic of Angola (Unsecured) 6.25% 12/16/23 @	510,000		453,900
	Rite Aid 2nd Lien 5.75% 8/21/20	750,000		759,375
Total Senior Secured Loans (cost $5,757,824)				5,336,633
Sovereign Bonds – 0.33%Δ
Colombia – 0.05%
	Colombia Government International Bond 4.375% 7/12/21	500,000		510,500
				510,500
Dominican Republic – 0.05%
	Dominican Republic International Bond 144A
	7.50% 5/6/21 #	500,000		536,250
				536,250
Gabon – 0.04%
	Gabonese Republic 144A 8.20% 12/12/17 #	450,000		456,300
				456,300
Indonesia – 0.05%
	Perusahaan Penerbit Indonesia III 144A 6.125% 3/15/19 #	500,000		549,375
				549,375

NQ-022 [9/15] 11/15 (15501)     19

Schedule of investments
Delaware Limited-Term Diversified Income Fund (Unaudited)

		Principal amount°	Value (U.S. $)
Sovereign BondsΔ (continued)
Serbia – 0.05%
	Republic of Serbia 144A 4.875% 2/25/20 #	500,000	$	506,310
				506,310
Slovenia – 0.05%
	Slovenia Government International Bond 144A
	4.75% 5/10/18 #	500,000		533,125
				533,125
Sri Lanka – 0.04%
	Sri Lanka Government International Bond 144A
	5.125% 4/11/19 #	500,000		494,397
				494,397
Total Sovereign Bonds (cost $3,695,560)				3,586,257
Supranational Banks – 0.07%
	African Export-Import Bank 3.875% 6/4/18	500,000		498,865
	Banco Latinoamericano de Comercio Exterior 144A
	3.25% 5/7/20 #	300,000		298,500
Total Supranational Banks (cost $799,709)				797,365
U.S. Treasury Obligations – 2.03%
	U.S. Treasury Notes
	1.375% 8/31/20	330,000		330,434
	1.375% 9/30/20	300,000		299,992
	1.625% 7/31/20 ∞	12,590,000		12,745,487
	2.00% 8/15/25	3,655,000		3,636,345
	2.125% 5/15/25	5,205,000		5,237,328
Total U.S. Treasury Obligations (cost $22,038,999)				22,249,586
		Number of
		Shares
Preferred Stock – 0.40%
	Bank of America 6.10% ●	715,000		698,019
	Bank of America 8.125% ●	1,000,000		1,046,250
	Morgan Stanley 5.55% ●	1,180,000		1,163,775
	PNC Preferred Funding Trust II 1.56% #●	1,200,000		1,111,500
	USB Realty 1.436% #●	400,000		364,000
Total Preferred Stock (cost $4,483,750)				4,383,544

20     NQ-022 [9/15] 11/15 (15501)

(Unaudited)

	Principal amount°
Short-Term Investments – 0.82%
Discount Notes – 0.82%≠
Federal Home Loan Bank
0.07% 10/5/15	3,100,905		3,100,898
0.10% 10/23/15	3,312,453		3,312,414
0.105% 11/3/15	2,168,125		2,168,016
0.17% 1/21/16	333,843		333,718
Total Short-Term Investments (cost $8,914,714)			8,915,046
Total Value of Securities – 101.12%
(cost $1,109,895,650)			1,106,192,948
Liabilities Net of Receivables and Other Assets – (1.12%)			(12,246,175	)
Net Assets Applicable to 128,809,120 Shares Outstanding – 100.00%		$	1,093,946,773

#	Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At Sept. 30, 2015, the aggregate value of Rule 144A securities was $260,460,555, which represents 23.81% of the Fund’s net assets.
@	Illiquid security. At Sept. 30, 2015, the aggregate value of illiquid securities was $7,112,056, which represents 0.65% 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.
❆	100% of the income received was in the form of cash.
≠	The rate shown is the effective yield at the time of purchase.
°	Principal amount shown is stated in U.S. dollars unless noted that the security is denominated in another currency.
●	Variable rate security. The rate shown is the rate as of Sept. 30, 2015. Interest rates reset periodically.
∞	Fully or partially pledged as collateral for futures contracts.
Δ	Securities have been classified by country of origin.
«	Senior secured loans generally pay interest at rates which are periodically redetermined by reference to a base lending rate plus a premium. These base lending rates are generally: (i) the prime rate offered by one or more U.S. banks, (ii) the lending rate offered by one or more European banks such as the London Interbank Offered Rate (LIBOR), and (iii) the certificate of deposit rate. Senior secured loans may be subject to restrictions on resale. Stated rate in effect at Sept. 30, 2015.
ϕ	Step coupon bond. Coupon increases or decreases periodically based on a predetermined schedule. Stated rate in effect at Sept. 30, 2015.

NQ-022 [9/15] 11/15 (15501)     21

Schedule of investments
Delaware Limited-Term Diversified Income Fund (Unaudited)

The following futures and swap contracts were outstanding at Sept. 30, 2015:

Futures Contracts
Contracts to Buy (Sell)	Notional Cost (Proceeds)		Notional Value		Expiration Date	Unrealized Appreciation (Depreciation)
603       U.S. Treasury 10 yr Notes	$	77,375,361	$	77,626,828	12/22/15	$	251,467

Swap Contracts
CDS Contracts¹

Counterparty	Swap Referenced Obligation	Notional Value2	Annual Protection Payments	Termination Date	Unrealized Appreciation (Depreciation)
	Protection Purchased:
GSC	ICE - CDX.NA.HY.25	12,000,000	5.00%	12/20/20	$	(10,023)

The use of futures contracts and swap contracts involves elements of market risk and risks in excess of the amounts disclosed in the financial statements. The notional values 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.

¹A CDS contract is a risk-transfer instrument through which one party (purchaser of protection) transfers to another party (seller of protection) the financial risk of a credit event (as defined in the CDS agreement), as it relates to a particular reference security or basket of securities (such as an index). Periodic payments (receipts) on such contracts are accrued daily and recorded as unrealized losses (gains) on swap contracts. Upon payment (receipt), such amounts are recorded as realized losses (gains) on swap contracts. Upfront payments made or received in connection with CDS contracts are amortized over the expected life of the CDS contracts as unrealized losses (gains) on swap contracts. The change in value of CDS contracts is recorded as unrealized appreciation or depreciation daily. A realized gain or loss is recorded upon a credit event (as defined in the CDS agreement) or the maturity or termination of the agreement.

²Notional value shown is stated in U.S. Dollars unless noted that the swap is denominated in another currency.

22     NQ-022 [9/15] 11/15 (15501)

(Unaudited)

Summary of abbreviations:
ARM – Adjustable Rate Mortgage
CDX.NA.HY – Credit Default Swap Index North American High-Yield
CLO – Collateralized Loan Obligation
DB – Deutsche Bank
FHAVA – Federal Housing Administration & Veterans Administration
GE – General Electric
GNMA – Government National Mortgage Association
GPM – Graduated Payment Mortgage
GS – Goldman Sachs
GSC – Goldman Sachs Capital
GSMPS – Goldman Sachs Reperforming Mortgage Securities
HSBC – Hong Kong Shanghai Bank
ICE – IntercontinentalExchange, Inc.
JPMBB – JPMorgan Barclays Bank
PIK – Pay-in-kind
REIT – Real Estate Investment Trust
REMIC – Real Estate Mortgage Investment Conduit
S.F. – Single Family
TBA – To be announced
UBS – United Bank of Switzerland
yr – Year

NQ-022 [9/15] 11/15 (15501)     23

Notes
Delaware Limited-Term Diversified Income Fund	September 30, 2015 (Unaudited)

1. Significant Accounting Policies

The following accounting policies are in accordance with U.S. generally accepted accounting principles (U.S. GAAP) and are consistently followed by Delaware Group^® Limited-Term Government Funds – Delaware Limited-Term Diversified Income Fund (Fund). This report covers the period of time since the Fund’s last fiscal year end.

Security Valuation – Equity securities, except those traded on The Nasdaq Stock Market LLC (Nasdaq), are valued at the last quoted sales price as of the time of the regular close of the New York Stock Exchange on the valuation date. Securities traded on the Nasdaq are valued in accordance with the Nasdaq Official Closing Price, which may not be the last sales price. If, on a particular day, an equity security does not trade, then the mean between the bid and ask prices will be used, which approximates fair value. Securities listed on a foreign exchange are normally valued at the last quoted sales price on the valuation date. Debt securities and credit default swap (CDS) contracts are valued based upon valuations provided by an independent pricing service or broker/counterparty and reviewed by management. To the extent current market prices are not available, the pricing service may take into account developments related to the specific security, as well as transactions in comparable securities. U.S. government and agency securities are valued at the mean between the bid and ask prices, which approximates fair value. For asset-backed securities, collateralized mortgage obligations, commercial mortgage securities, and U.S. government agency mortgage securities, pricing vendors utilize matrix pricing which considers prepayment speed; attributes of the collateral; yield or price of bonds of comparable quality, coupon, maturity, and type as well as broker/dealer-supplied prices. Swap prices are derived using daily swap curves and models that incorporate a number of market data factors, such as discounted cash flows, trades, and values of the underlying reference instruments. Foreign currency exchange contracts and foreign cross currency exchange contracts are valued at the mean between the bid and ask prices, which approximates fair value. Interpolated values are derived when the settlement date of the contract is an interim date for which quotations are not available. Futures contracts and options on futures contracts are valued at the daily quoted settlement prices. Exchange-traded options are valued at the last reported sale price or, if no sales are reported, at the mean between the last reported bid and ask prices, which approximates fair value. Generally, other securities and assets for which market quotations are not readily available are valued at fair value as determined in good faith under the direction of the Fund’s Board of Trustees (Board). In determining whether market quotations are readily available or fair valuation will be used, various factors will be taken into consideration, such as market closures or suspension of trading in a security. The Fund may use fair value pricing more frequently for securities traded primarily in non-U.S. markets because, among other things, most foreign markets close well before the Fund values its securities, generally as of 4:00 p.m. Eastern time. The earlier close of these foreign markets gives rise to the possibility that significant events, including broad market moves, government actions or pronouncements, aftermarket trading, or news events may have occurred in the interim. Whenever such a significant event occurs, the Fund may value foreign securities using fair value prices based on third-party vendor modeling tools (international fair value pricing).

24     NQ-022 [9/15] 11/15 (15501)

(Unaudited)

2. Investments

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions. A three-level hierarchy for fair value measurements has been established based upon the transparency of inputs to the valuation of an asset or liability. Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions that market participants would use in pricing the asset or liability based on the best information available under the circumstances. The Fund’s investment in its entirety is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-level hierarchy of inputs is summarized below.

Level 1 –	Inputs are quoted prices in active markets for identical investments. (Examples: equity securities, open-end investment companies, futures contracts, exchange-traded options contracts)
Level 2 –	Other observable inputs, including, but not limited to: quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, and default rates) or other market-corroborated inputs. (Examples: debt securities, government securities, swap contracts, foreign currency exchange contracts, foreign securities utilizing international fair value pricing, broker-quoted securities, fair valued securities)
Level 3 –	Significant unobservable inputs, including the Fund’s own assumptions used to determine the fair value of investments. (Examples: broker-quoted securities, fair valued securities)

Level 3 investments are valued using significant unobservable inputs. The Fund may also use an income-based valuation approach in which the anticipated future cash flows of the investment are discounted to calculate fair value. Discounts may also be applied due to the nature or duration of any restrictions on the disposition of the investments. Valuations may also be based upon current market prices of securities that are comparable in coupon, rating, maturity, and industry. The derived value of a Level 3 investment may not represent the value which is received upon disposition and this could impact the results of operations.

NQ-022 [9/15] 11/15 (15501)     25

(Unaudited)

The following table summarizes the valuation of the Fund’s investments by fair value hierarchy levels as of Sept. 30, 2015:

Securities	Level 1		Level 2			Level 3		Total
Agency, Asset- & Mortgage-
Backed Securities	$	—	$	459,506,111		$	—	$	459,506,111
Corporate Debt		—		594,722,327			—		594,722,327
Foreign Debt		—		4,696,297			—		4,696,297
Senior Secured Loans1		—		4,882,733			453,900		5,336,633
Municipal Bonds		—		6,383,404			—		6,383,404
Preferred Stock		—		4,383,544			—		4,383,544
Short-Term Investments		—		8,915,046			—		8,915,046
U.S. Treasury Obligations		—		22,249,586			—		22,249,586
Total Value of Securities	$	—	$	1,105,739,048		$	453,900	$	1,106,192,948
Futures Contracts	$	251,467	$	—		$	—	$	251,467
Swap Contracts		—		(10,023	)		—		(10,023	)

¹Security type is valued across multiple levels. Level 2 investments represent investments with observable inputs, and Level 3 investments represent investments without observable inputs. The amounts attributed to Level 2 investments and Level 3 investments represent the following percentages of the total market value of this security type:

	Level 2	Level 3	Total
Senior Secured Loans	91.49%	8.51%	100.00%

During the period ended Sept. 30, 2015, there were no transfers between Level 1 investments, Level 2 investments, or Level 3 investments that had a significant impact to the Fund. The Fund’s policy is to recognize transfers between levels at the beginning of the reporting period.

A reconciliation of Level 3 investments is presented when the Fund has a significant amount of Level 3 investments at the beginning, interim, or end of the period in relation to net assets. Management has determined not to provide additional disclosure on Level 3 inputs since the Level 3 investments are not considered significant to the Fund’s net assets at the end of the period.

3. Subsequent Events

Management has determined that no material events or transactions occurred subsequent to Sept. 30, 2015 that would require recognition or disclosure in the Fund’s “Schedule of investments.”

26     NQ-022 [9/15] 11/15 (15501)

Item 2. Controls and Procedures.

The registrant’s principal executive officer and principal financial officer have evaluated the registrant’s disclosure controls and procedures within 90 days of the filing of this report and have concluded that they are effective in providing reasonable assurance that the information required to be disclosed by the registrant in its reports or statements filed under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission.

There were no significant changes in the registrant’s internal control over financial reporting that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2(a)), exactly as set forth below:

EX-99.CERT

CERTIFICATION

I, Shawn Lytle, certify that:

1.	I have reviewed this report on Form N-Q of Delaware Group® Limited-Term Government Funds;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
4.	The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
	(a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	(b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	(c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and
	(d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.	The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
	(a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and
	(b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

/s/ SHAWN LYTLE
By:	Shawn Lytle
Title:	Chief Executive Officer
Date:	November 25, 2015

CERTIFICATION

I, Richard Salus, certify that:

1.	I have reviewed this report on Form N-Q of Delaware Group® Limited-Term Government Funds;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
4.	The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
	(a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	(b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	(c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and
	(d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.	The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
	(a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and
	(b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

/s/ RICHARD SALUS
By:	Richard Salus
Title:	Chief Financial Officer
Date:	November 25, 2015

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

DELAWARE GROUP^® LIMITED-TERM GOVERNMENT FUNDS

/s/ SHAWN LYTLE
By:	Shawn Lytle
Title:	Chief Executive Officer
Date:	November 25, 2015

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

/s/ SHAWN LYTLE
By:	Shawn Lytle
Title:	Chief Executive Officer
Date:	November 25, 2015
/s/ RICHARD SALUS
By:	Richard Salus
Title:	Chief Financial Officer
Date:	November 25, 2015