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, 2017

Item 1. Schedule of Investments.

Schedule of investments
Delaware Limited-Term Diversified Income Fund	September 30, 2017 (Unaudited)

		Principal amount°	Value (US $)
Agency Asset-Backed Securities – 0.02%
	Fannie Mae Grantor Trust
	Series 2003-T4 2A5 4.771% 9/26/33 ϕ	162,750	$	179,640
	Fannie Mae REMIC Trust
	Series 2001-W2 AS5 6.473% 10/25/31 ϕ	127		128
	Freddie Mac Structured Pass Through Securities
	Series T-30 A5 6.53% 12/25/30 ⧫ϕ	4,228		4,546
Total Agency Asset-Backed Securities (cost $165,994)				184,314
Agency Collateralized Mortgage Obligations – 10.93%
	Fannie Mae Grantor Trust
	Series 2001-T5 A2 6.985% 6/19/41 ●	26,117		28,851
	Series 2002-T1 A2 7.00% 11/25/31	153,729		181,462
	Fannie Mae Interest Strip
	Series 413 167 4.50% 7/25/42 ∑●	1,256,411		314,690
	Series 419 C3 3.00% 11/25/43 ∑	70,438		13,706
	Fannie Mae REMIC Trust
	Series 2002-W1 2A 7.50% 2/25/42 ●	119,965		135,531
	Fannie Mae REMICs
	Series 2002-90 A1 6.50% 6/25/42	790		912
	Series 2003-52 NA 4.00% 6/25/23	74,226		76,527
	Series 2003-78 B 5.00% 8/25/23	30,846		32,862
	Series 2003-120 BL 3.50% 12/25/18	64,591		64,957
	Series 2004-36 FA 1.637% (LIBOR01M + 0.40%)
	5/25/34 ●	258,237		259,590
	Series 2004-49 EB 5.00% 7/25/24	23,352		25,123
	Series 2005-66 FD 1.537% (LIBOR01M + 0.30%)
	7/25/35 ●	1,161,283		1,159,680
	Series 2005-110 MB 5.50% 9/25/35	6,295		6,576
	Series 2006-105 FB 1.657% (LIBOR01M + 0.42%)
	11/25/36 ●	76,759		76,931
	Series 2010-41 PN 4.50% 4/25/40	86,000		91,570
	Series 2011-88 AB 2.50% 9/25/26	33,951		34,050
	Series 2011-105 FP 1.637% (LIBOR01M + 0.40%)
	6/25/41 ●	1,912,843		1,919,875
	Series 2011-113 MC 4.00% 12/25/40	116,891		119,773
	Series 2012-51 SA 5.263% (6.50% minus LIBOR01M,
	Cap 6.50%, Floor 0.00%) 5/25/42 ∑●	60,192		14,848
	Series 2012-67 GB 3.00% 7/25/42	390,000		376,914
	Series 2012-93 LY 2.50% 9/25/42	433,000		392,029
	Series 2012-98 MI 3.00% 8/25/31 ∑	24,379,270		2,725,086
	Series 2012-99 AI 3.50% 5/25/39 ∑	1,592,291		196,860
	Series 2012-102 IB 3.50% 9/25/27 ∑	8,243,462		921,370
	Series 2012-118 AI 3.50% 11/25/37 ∑	464,042		60,748
	Series 2012-120 WI 3.00% 11/25/27 ∑	131,546		12,636

NQ-022 [9/17] 11/17 (298171)     1

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

		Principal amount°	Value (US $)
Agency Collateralized Mortgage Obligations (continued)
	Fannie Mae REMICs
	Series 2012-122 SD 4.863% (6.10% minus LIBOR01M,
	Cap 6.10%, Floor 0.00%) 11/25/42 ∑●	2,949,075	$	576,654
	Series 2012-125 MI 3.50% 11/25/42 ∑	1,405,021		293,858
	Series 2012-128 NP 2.50% 11/25/42	474,980		452,714
	Series 2012-137 WI 3.50% 12/25/32 ∑	62,583		10,159
	Series 2012-139 NS 5.463% (6.70% minus LIBOR01M,
	Cap 6.70%, Floor 0.00%) 12/25/42 ∑●	1,290,173		291,396
	Series 2012-148 HE 2.50% 1/25/43	1,000,000		896,494
	Series 2012-150 KC 2.50% 1/25/43	617,350		614,242
	Series 2013-2 DA 2.00% 11/25/42	27,196		23,867
	Series 2013-7 EI 3.00% 10/25/40 ∑	1,526,219		200,479
	Series 2013-7 GP 2.50% 2/25/43	65,000		58,903
	Series 2013-20 IH 3.00% 3/25/33 ∑	379,734		53,979
	Series 2013-26 HI 3.00% 4/25/32 ∑	207,534		15,548
	Series 2013-26 ID 3.00% 4/25/33 ∑	661,071		93,971
	Series 2013-28 YB 3.00% 4/25/43	1,550,000		1,499,422
	Series 2013-38 AI 3.00% 4/25/33 ∑	557,651		77,577
	Series 2013-51 PI 3.00% 11/25/32 ∑	715,054		84,537
	Series 2013-52 ZA 3.00% 6/25/43	212,728		198,542
	Series 2013-55 AI 3.00% 6/25/33 ∑	15,591,983		2,246,459
	Series 2013-59 PY 2.50% 6/25/43	547,142		505,954
	Series 2013-67 KZ 2.50% 4/25/43	778,384		680,024
	Series 2013-69 IJ 3.00% 7/25/33 ∑	57,189		8,074
	Series 2013-71 ZA 3.50% 7/25/43	286,553		292,242
	Series 2013-75 JI 3.00% 9/25/32 ∑	744,961		94,533
	Series 2013-92 SA 4.713% (5.95% minus LIBOR01M,
	Cap 5.95%, Floor 0.00%) 9/25/43 ∑●	236,312		50,225
	Series 2013-129 KI 3.00% 8/25/28 ∑	1,804,636		143,335
	Series 2014-5 JL 4.00% 2/25/44	78,000		85,234
	Series 2014-21 ID 3.50% 6/25/33 ∑	374,905		50,018
	Series 2014-25 DI 3.50% 8/25/32 ∑	296,528		34,571
	Series 2014-46 IK 3.00% 9/25/40 ∑	303,492		32,789
	Series 2014-63 KI 3.50% 11/25/33 ∑	363,182		44,677
	Series 2014-64 IT 3.50% 6/25/41 ∑	47,277		5,077
	Series 2014-68 BS 4.913% (6.15% minus LIBOR01M,
	Cap 6.15%, Floor 0.00%) 11/25/44 ∑●	150,748		29,436
	Series 2014-85 IB 3.00% 12/25/44 ∑	939,668		177,836
	Series 2014-90 SA 4.913% (6.15% minus LIBOR01M,
	Cap 6.15%, Floor 0.00%) 1/25/45 ∑●	304,058		59,909
	Series 2014-94 AI 3.00% 10/25/32 ∑	504,360		43,142
	Series 2015-11 BI 3.00% 1/25/33 ∑	530,820		58,553
	Series 2015-31 ZD 3.00% 5/25/45	451,540		395,468
	Series 2015-34 OK 0.00% 3/25/44 Ω	1,185,000		1,025,941

2     NQ-022 [9/17] 11/17 (298171)

(Unaudited)

		Principal amount°	Value (US $)
Agency Collateralized Mortgage Obligations (continued)
	Fannie Mae REMICs
	Series 2015-40 GZ 3.50% 5/25/45	108,497	$	106,804
	Series 2015-43 PZ 3.50% 6/25/45	43,399		44,773
	Series 2015-44 AI 3.50% 1/25/34 ∑	771,307		115,393
	Series 2015-45 AI 3.00% 1/25/33 ∑	70,485		7,714
	Series 2015-45 EI 3.00% 12/25/40 ∑	1,371,945		151,540
	Series 2015-66 ID 3.50% 5/25/42 ∑	267,562		42,888
	Series 2015-82 AI 3.50% 6/25/34 ∑	4,468,545		815,392
	Series 2015-85 BI 4.50% 9/25/43 ∑	665,223		125,196
	Series 2015-87 TI 3.50% 11/25/35 ∑	265,866		42,781
	Series 2015-89 EZ 3.00% 12/25/45	647,615		638,839
	Series 2015-95 SH 4.763% (6.00% minus LIBOR01M,
	Cap 6.00%, Floor 0.00%) 1/25/46 ∑●	133,719		29,929
	Series 2016-2 HI 3.00% 12/25/41 ∑	1,225,158		170,674
	Series 2016-17 BI 4.00% 2/25/43 ∑	1,193,772		203,298
	Series 2016-33 DI 3.50% 6/25/36 ∑	242,186		36,143
	Series 2016-33 EL 3.00% 6/25/46	1,119,000		1,065,139
	Series 2016-40 ZC 3.00% 7/25/46	37,374		34,799
	Series 2016-54 PI 3.00% 2/25/44 ∑	1,340,547		154,737
	Series 2016-55 SK 4.763% (6.00% minus LIBOR01M,
	Cap 6.00%, Floor 0.00%) 8/25/46 ∑●	110,996		25,190
	Series 2016-61 ML 3.00% 9/25/46	55,000		53,165
	Series 2016-74 GS 4.763% (6.00% minus LIBOR01M,
	Cap 6.00%, Floor 0.00%) 10/25/46 ∑●	833,121		200,512
	Series 2016-74 IH 3.50% 11/25/45 ∑	121,477		22,474
	Series 2016-79 JS 4.813% (6.05% minus LIBOR01M,
	Cap 6.05%, Floor 0.00%) 11/25/46 ∑●	184,237		39,440
	Series 2016-80 JZ 3.00% 11/25/46	142,948		132,521
	Series 2016-83 PI 3.50% 7/25/45 ∑	91,520		15,473
	Series 2016-90 CI 3.00% 2/25/45 ∑	739,533		107,352
	Series 2016-95 IO 3.00% 12/25/46 ∑	2,965,492		520,825
	Series 2016-99 DI 3.50% 1/25/46 ∑	95,783		16,110
	Series 2016-99 TI 3.50% 3/25/36 ∑	621,638		87,741
	Series 2016-101 ZP 3.50% 1/25/47	93,417		89,468
	Series 2016-105 SA 4.763% (6.00% minus LIBOR01M,
	Cap 6.00%, Floor 0.00%) 1/25/47 ∑●	159,013		35,481
	Series 2017-6 NI 3.50% 3/25/46 ∑	921,489		168,347
	Series 2017-14 AI 3.00% 9/25/42 ∑	95,759		14,942
	Series 2017-16 SM 4.813% (6.05% minus LIBOR01M,
	Cap 6.05%, Floor 0.00%) 3/25/47 ∑●	881,635		191,327
	Series 2017-16 UW 3.00% 7/25/45	1,225,000		1,213,372
	Series 2017-16 WI 3.00% 1/25/45 ∑	94,633		12,990
	Series 2017-16 YW 3.00% 3/25/47	875,000		832,270
	Series 2017-17 CM 3.00% 11/25/41	228,150		227,406

NQ-022 [9/17] 11/17 (298171)     3

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

		Principal amount°	Value (US $)
Agency Collateralized Mortgage Obligations (continued)
	Fannie Mae REMICs
	Series 2017-17 LI 3.00% 4/25/37 ∑	149,016	$	12,448
	Series 2017-19 MD 3.00% 1/25/47	99,000		99,380
	Series 2017-24 AI 3.00% 8/25/46 ∑	1,041,104		160,864
	Series 2017-25 GS 5.463% (6.70% minus LIBOR01M,
	Cap 6.70%, Floor 0.00%) 4/25/47 ∑●	247,226		39,927
	Series 2017-27 EM 3.00% 4/25/47	113,000		106,300
	Series 2017-28 Z 3.50% 4/25/47	107,869		108,919
	Series 2017-40 GZ 3.50% 5/25/47	36,528		37,395
	Series 2017-40 IG 3.50% 3/25/43 ∑	255,911		41,498
	Series 2017-45 IJ 3.00% 11/25/46 ∑	558,368		98,150
	Series 2017-46 BI 3.00% 4/25/47 ∑	378,105		52,335
	Series 2017-46 JI 3.50% 1/25/43 ∑	140,832		17,779
	Series 2017-55 HY 3.00% 7/25/47	395,000		369,633
	Series 2017-66 IQ 3.00% 9/25/43 ∑	99,747		14,514
	Series 2017-66 QY 3.00% 9/25/43	87,000		86,195
	Series 2017-69 SG 4.913% (6.15% minus LIBOR01M,
	Cap 6.15%, Floor 0.00%) 9/25/47 ∑●	159,402		36,025
	Freddie Mac REMICs
	Series 1730 Z 7.00% 5/15/24	23,396		25,815
	Series 2621 QH 5.00% 5/15/33	1,650		1,812
	Series 2708 ZD 5.50% 11/15/33	215,147		241,763
	Series 2901 CA 4.50% 11/15/19	10,212		10,231
	Series 3016 FL 1.624% (LIBOR01M + 0.39%) 8/15/35 ●	23,836		23,876
	Series 3027 DE 5.00% 9/15/25	24,891		26,872
	Series 3067 FA 1.584% (LIBOR01M + 0.35%)
	11/15/35 ●	2,304,136		2,301,108
	Series 3232 KF 1.684% (LIBOR01M + 0.45%)
	10/15/36 ●	54,388		54,648
	Series 3241 FM 1.614% (LIBOR01M + 0.38%)
	11/15/36 ●	21,206		21,254
	Series 3297 BF 1.474% (LIBOR01M + 0.24%) 4/15/37 ●	776,362		773,566
	Series 3316 FB 1.534% (LIBOR01M + 0.30%) 8/15/35 ●	100,849		100,704
	Series 3351 ZC 5.50% 7/15/37	27,314		30,464
	Series 3578 EO 0.00% 5/15/37 Ω	275,140		258,771
	Series 3737 NA 3.50% 6/15/25	88,360		90,785
	Series 3780 LF 1.634% (LIBOR01M + 0.40%) 3/15/29 ●	59,682		59,700
	Series 3800 AF 1.734% (LIBOR01M + 0.50%) 2/15/41 ●	1,399,162		1,407,485
	Series 3803 TF 1.634% (LIBOR01M + 0.40%)
	11/15/28 ●	59,396		59,444
	Series 3852 TP 5.50% (27.50% minus LIBOR01M, Cap
	5.50%, Floor 0.00%) 5/15/41 ●	87,662		96,918
	Series 3939 EI 3.00% 3/15/26 ∑	1,398,807		89,687
	Series 4050 EI 4.00% 2/15/39 ∑	103,613		11,092

4     NQ-022 [9/17] 11/17 (298171)

(Unaudited)

		Principal amount°	Value (US $)
Agency Collateralized Mortgage Obligations (continued)
	Freddie Mac REMICs
	Series 4076 QB 1.75% 11/15/41	497,109	$	485,689
	Series 4092 AI 3.00% 9/15/31 ∑	373,941		34,664
	Series 4100 EI 3.00% 8/15/27 ∑	10,227,851		986,362
	Series 4105 YC 3.00% 8/15/42	197,000		194,442
	Series 4109 AI 3.00% 7/15/31 ∑	5,884,129		654,955
	Series 4142 HA 2.50% 12/15/32	389,454		392,326
	Series 4150 PQ 2.50% 1/15/43	45,849		43,296
	Series 4152 BW 2.50% 1/15/43	195,361		178,451
	Series 4152 GW 2.50% 1/15/43	36,000		33,157
	Series 4161 IM 3.50% 2/15/43 ∑	437,594		94,525
	Series 4171 Z 3.00% 2/15/43	470,263		436,162
	Series 4185 LI 3.00% 3/15/33 ∑	443,392		61,966
	Series 4197 LZ 4.00% 4/15/43	298,221		318,755
	Series 4206 DZ 3.00% 5/15/33	334,445		330,981
	Series 4210 Z 3.00% 5/15/43	485,041		454,913
	Series 4223 HI 3.00% 4/15/30 ∑	2,812,536		218,216
	Series 4342 CI 3.00% 11/15/33 ∑	1,127,556		136,066
	Series 4366 DI 3.50% 5/15/33 ∑	1,559,919		222,210
	Series 4408 BC 3.00% 11/15/44	270,000		261,497
	Series 4408 ZG 2.00% 9/15/41	404,696		362,405
	Series 4419 DC 3.00% 12/15/44	152,000		148,857
	Series 4433 DI 3.00% 8/15/32 ∑	5,862,713		624,389
	Series 4448 TS 1.86% 5/15/40 ∑●	434,815		26,353
	Series 4452 PZ 3.50% 3/15/45	4,594,751		4,544,838
	Series 4453 DI 3.50% 11/15/33 ∑	5,778,177		754,793
	Series 4457 KZ 3.00% 4/15/45	3,415,653		3,263,077
	Series 4464 DA 2.50% 1/15/43	19,501		18,569
	Series 4476 GI 3.00% 6/15/41 ∑	1,374,035		164,552
	Series 4493 HI 3.00% 6/15/41 ∑	190,628		23,098
	Series 4518 CI 3.50% 6/15/42 ∑	612,886		74,490
	Series 4527 CI 3.50% 2/15/44 ∑	159,399		27,016
	Series 4531 PZ 3.50% 11/15/45	1,292,199		1,364,503
	Series 4567 LI 4.00% 8/15/45 ∑	517,272		96,526
	Series 4574 AI 3.00% 4/15/31 ∑	2,531,838		313,191
	Series 4581 LI 3.00% 5/15/36 ∑	80,063		10,919
	Series 4614 HB 2.50% 9/15/46	62,000		56,354
	Series 4615 GW 2.50% 4/15/41	18,000		17,154
	Series 4618 SA 4.766% (6.00% minus LIBOR01M, Cap
	6.00%, Floor 0.00%) 9/15/46 ∑●	403,790		98,682
	Series 4623 IY 4.00% 10/15/46 ∑	194,735		43,434
	Series 4623 LZ 2.50% 10/15/46	52,181		45,769
	Series 4623 MW 2.50% 10/15/46	60,000		55,082

NQ-022 [9/17] 11/17 (298171)     5

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

		Principal amount°	Value (US $)
Agency Collateralized Mortgage Obligations (continued)
	Freddie Mac REMICs
	Series 4623 WI 4.00% 8/15/44 ∑	1,201,628	$	218,640
	Series 4623 YT 2.50% 3/15/46	1,442,246		1,322,839
	Series 4625 PZ 3.00% 6/15/46	29,808		28,315
	Series 4636 ET 3.00% 3/15/41	1,000,000		990,865
	Series 4643 QI 3.50% 9/15/45 ∑	2,040,534		345,218
	Series 4648 SA 4.766% (6.00% minus LIBOR01M, Cap
	6.00%, Floor 0.00%) 1/15/47 ∑●	1,124,346		248,616
	Series 4650 JE 3.00% 7/15/46	110,000		106,404
	Series 4650 JG 3.00% 11/15/46	1,997,000		1,896,316
	Series 4653 VB 3.00% 4/15/40	865,000		868,074
	Series 4654 G 3.00% 2/15/43	74,840		74,741
	Series 4655 TI 3.00% 8/15/36 ∑	95,569		8,352
	Series 4656 HI 3.50% 5/15/42 ∑	709,870		95,936
	Series 4657 PS 4.766% (6.00% minus LIBOR01M, Cap
	6.00%, Floor 0.00%) 2/15/47 ∑●	4,442,223		938,753
	Series 4660 GI 3.00% 8/15/43 ∑	668,544		106,749
	Series 4663 AI 3.00% 3/15/42 ∑	125,959		16,477
	Series 4675 KS 4.766% (6.00% minus LIBOR01M, Cap
	6.00%, Floor 0.00%) 4/15/47 ∑●	143,017		34,024
	Series 4681 WI 1.569% 8/15/33 ∑●	477,810		32,736
	Series 4695 OZ 3.00% 6/15/47	572,271		535,340
	Freddie Mac Strips
	Series 284 S6 4.866% (6.10% minus LIBOR01M, Cap
	6.10%, Floor 0.00%) 10/15/42 ∑●	1,189,894		252,189
	Series 290 IO 3.50% 11/15/32 ∑	58,598		9,376
	Series 303 151 4.31% 12/15/42 ∑●	417,930		103,174
	Series 303 185 3.492% 1/15/43 ∑●	1,148,911		230,829
	Series 319 S2 4.766% (6.00% minus LIBOR01M, Cap
	6.00%, Floor 0.00%) 11/15/43 ∑●	7,728,230		1,666,995
	Series 326 S2 4.716% (5.95% minus LIBOR01M, Cap
	5.95%, Floor 0.00%) 3/15/44 ∑●	555,376		112,491
	Series 350 S5 1.664% 9/15/40 ∑●	229,643		12,213
	Freddie Mac Structured Pass Through Certificates
	Series T-42 A5 7.50% 2/25/42 ⧫	31,653		36,800
	Series T-54 2A 6.50% 2/25/43 ⧫	775		911
	Series T-58 2A 6.50% 9/25/43 ⧫	542,176		626,553
	GNMA
	Series 2012-77 MU 2.50% 6/20/42	115,545		110,258
	Series 2012-108 PB 2.75% 9/16/42	39,000		37,458
	Series 2013-26 KD 2.50% 2/16/43	870,000		811,603
	Series 2013-79 KE 3.00% 5/20/43	1,250,000		1,240,431
	Series 2013-88 LZ 2.50% 6/16/43	457,023		410,523
	Series 2013-113 LY 3.00% 5/20/43	17,000		16,949

6     NQ-022 [9/17] 11/17 (298171)

(Unaudited)

		Principal amount°	Value (US $)
Agency Collateralized Mortgage Obligations (continued)
	GNMA
	Series 2014-12 ZA 3.00% 1/20/44	206,483	$	200,341
	Series 2014-12 ZB 3.00% 1/16/44	54,690		52,679
	Series 2014-62 Z 3.00% 4/20/44	176,140		173,091
	Series 2015-36 PI 3.50% 8/16/41 ∑	440,265		60,088
	Series 2015-74 CI 3.00% 10/16/39 ∑	175,226		22,286
	Series 2015-76 MZ 3.00% 5/20/45	1,101,323		1,128,128
	Series 2015-82 GI 3.50% 12/20/38 ∑	974,185		89,446
	Series 2015-142 AI 4.00% 2/20/44 ∑	58,304		7,526
	Series 2015-155 QZ 3.50% 10/20/45	1,576,119		1,606,880
	Series 2015-185 PZ 3.00% 12/20/45	1,108,633		1,059,885
	Series 2016-5 GL 3.00% 7/20/45	5,000		4,991
	Series 2016-46 DZ 3.00% 4/20/46	112,683		104,755
	Series 2016-49 PZ 3.00% 11/16/45	229,539		218,106
	Series 2016-54 MZ 3.00% 4/20/46	756,437		697,874
	Series 2016-74 PL 3.00% 5/20/46	610,000		606,488
	Series 2016-80 JZ 3.00% 6/20/46	674,806		635,993
	Series 2016-81 IM 4.00% 10/20/44 ∑	259,039		46,056
	Series 2016-83 MB 3.00% 10/20/45	36,000		36,748
	Series 2016-89 QS 4.814% (6.05% minus LIBOR01M,
	Cap 6.05%, Floor 0.00%) 7/20/46 ∑●	3,808,279		922,043
	Series 2016-103 DY 2.50% 8/20/46	559,000		498,795
	Series 2016-118 DI 3.50% 3/20/43 ∑	310,500		47,261
	Series 2016-126 NS 4.864% (6.10% minus LIBOR01M,
	Cap 6.10%, Floor 0.00%) 9/20/46 ∑●	134,868		31,345
	Series 2016-134 MW 3.00% 10/20/46	10,000		10,195
	Series 2016-135 Z 3.00% 10/20/46	50,364		47,555
	Series 2016-146 KS 4.864% (6.10% minus LIBOR01M,
	Cap 6.10%, Floor 0.00%) 10/20/46 ∑●	91,124		21,636
	Series 2016-147 ST 4.814% (6.05% minus LIBOR01M,
	Cap 6.05%, Floor 0.00%) 10/20/46 ∑●	129,084		30,398
	Series 2016-149 GI 4.00% 11/20/46 ∑	570,636		125,017
	Series 2016-167 QM 3.00% 4/20/46	402,000		398,256
	Series 2016-170 MZ 3.00% 12/20/46	746,590		693,815
	Series 2016-171 IP 3.00% 3/20/46 ∑	667,097		103,572
	Series 2017-2 Z 2.65% 1/20/46	1,379,124		1,366,488
	Series 2017-4 WI 4.00% 2/20/44 ∑	91,864		18,311
	Series 2017-10 IB 4.00% 1/20/47 ∑	152,238		36,795
	Series 2017-10 KZ 3.00% 1/20/47	15,303		14,237
	Series 2017-14 EZ 3.00% 1/20/47	268,306		247,778
	Series 2017-17 BV 3.00% 4/20/40	434,000		434,695
	Series 2017-17 BZ 3.00% 2/20/47	1,770,679		1,860,130
	Series 2017-18 QS 4.866% (6.10% minus LIBOR01M,
	Cap 6.10%, Floor 0.00%) 2/16/47 ∑●	153,479		33,275

NQ-022 [9/17] 11/17 (298171)     7

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

		Principal amount°	Value (US $)
Agency Collateralized Mortgage Obligations (continued)
	GNMA
	Series 2017-25 CZ 3.50% 2/20/47	48,989	$	49,180
	Series 2017-33 PZ 3.00% 2/20/47	1,363,627		1,334,963
	Series 2017-34 DY 3.50% 3/20/47	230,000		229,914
	Series 2017-36 ZC 3.00% 3/20/47	177,641		167,638
	Series 2017-52 LE 3.00% 1/16/47	474,000		452,873
	Series 2017-56 GZ 3.50% 4/20/47	258,741		250,898
	Series 2017-80 AS 4.964% (6.20% minus LIBOR01M,
	Cap 6.20%, Floor 0.00%) 5/20/47 ∑●	227,146		50,338
	Series 2017-101 AI 4.00% 7/20/47 ∑	99,405		20,286
	Series 2017-101 HD 3.00% 1/20/47	89,000		86,160
	Series 2017-101 ND 3.00% 1/20/47	88,000		85,700
	Series 2017-101 TI 4.00% 3/20/44 ∑	143,943		22,838
	Series 2017-117 C 3.00% 8/20/47	131,000		125,235
	Series 2017-120 QS 4.964% (6.20% minus LIBOR01M,
	Cap 6.20%, Floor 0.00%) 8/20/47 ∑●	114,696		24,212
	Series 2017-121 CW 3.00% 8/20/47	55,000		52,779
	Series 2017-134 ES 4.961% (6.20% minus LIBOR01M,
	Cap 6.20%, Floor 0.00%) 9/20/47 ∑●	145,000		31,719
	Series 2017-137 CZ 3.00% 9/20/47	137,000		129,508
	Series 2017-144 MZ 2.50% 9/20/47	65,000		53,638
Total Agency Collateralized Mortgage Obligations (cost $82,132,195)				83,589,467
Agency Commercial Mortgage-Backed Securities – 0.29%
	FREMF Mortgage Trust
	Series 2011-K15 B 144A 5.116% 8/25/44 #●	95,000		102,099
	Series 2012-K708 B 144A 3.883% 2/25/45 #●	675,000		686,886
	Series 2013-K712 B 144A 3.481% 5/25/45 #●	345,000		350,960
	NCUA Guaranteed Notes Trust
	Series 2011-C1 2A 1.761% (LIBOR01M + 0.53%)
	3/9/21 ●	1,095,991		1,093,745
Total Agency Commercial Mortgage-Backed Securities (cost $2,251,421)				2,233,690
Agency Mortgage-Backed Securities – 8.83%
	Fannie Mae ARM
	2.835%(H15T1Y + 2.142%) 12/1/33 ●	74,921		79,552
	3.092%(LIBOR12M + 1.481%) 3/1/38 ●	4,728		4,923
	3.14%(LIBOR12M + 1.584%) 9/1/38 ●	1,167,805		1,216,994
	3.205%(LIBOR12M + 1.705%) 11/1/39 ●	195,948		207,058
	3.24%(LIBOR12M + 1.698%) 11/1/35 ●	284,849		299,710
	3.309%(LIBOR12M + 1.519%) 8/1/34 ●	84,979		88,805
	3.378%(LIBOR12M + 1.591%) 8/1/36 ●	28,691		30,510
	3.458%(LIBOR12M + 1.708%) 4/1/36 ●	28,128		29,702

8     NQ-022 [9/17] 11/17 (298171)

(Unaudited)

		Principal amount°	Value (US $)
Agency Mortgage-Backed Securities (continued)
	Fannie Mae ARM
	3.477%(LIBOR12M + 1.77%) 1/1/41 ●	122,211	$	126,713
	3.505%(LIBOR12M + 1.731%) 6/1/36 ●	102,775		108,107
	3.526%(LIBOR12M + 1.776%) 4/1/36 ●	268,794		282,839
	3.537%(LIBOR12M + 1.768%) 7/1/36 ●	103,468		108,984
	3.58%(LIBOR12M + 1.83%) 8/1/35 ●	21,401		22,583
	3.615%(LIBOR12M + 1.777%) 6/1/34 ●	41,808		44,510
	3.649%(LIBOR12M + 1.899%) 7/1/36 ●	41,233		43,577
	4.565%(LIBOR12M + 1.77%) 11/1/39 ●	594,879		631,044
	Fannie Mae S.F. 30 yr
	4.50% 8/1/40	101,282		109,680
	5.00% 11/1/33	82,585		90,991
	5.00% 3/1/34	34,236		37,630
	5.00% 4/1/35	3,500		3,856
	5.00% 5/1/35	8,580		9,455
	5.00% 6/1/35	95,311		104,748
	5.00% 7/1/35	1,006		1,109
	5.00% 8/1/35	6,132		6,750
	5.00% 9/1/35	159		175
	5.00% 10/1/35	14,801		16,313
	5.00% 12/1/35	13,095		14,578
	5.00% 2/1/36	46,411		51,142
	5.00% 3/1/36	26,991		29,743
	5.00% 11/1/36	22,290		24,560
	5.00% 2/1/38	65,680		72,373
	5.00% 6/1/39	9,742		10,736
	5.00% 1/1/40	67,837		75,529
	5.50% 4/1/33	12,893		14,426
	5.50% 6/1/33	81,224		91,195
	5.50% 7/1/33	3,702		4,142
	5.50% 1/1/34	9,920		11,179
	5.50% 4/1/34	130,297		146,114
	5.50% 7/1/34	28,792		32,282
	5.50% 9/1/34	319,403		357,725
	5.50% 11/1/34	32,915		36,882
	5.50% 2/1/35	16,848		18,879
	5.50% 5/1/35	5,228		5,860
	5.50% 11/1/35	5,914		6,632
	5.50% 8/1/37	490,275		549,586
	5.50% 1/1/38	1,166,840		1,307,008
	5.50% 2/1/38	300,864		336,843
	5.50% 12/1/38	5,941		6,661
	5.50% 3/1/39	54,714		61,812

NQ-022 [9/17] 11/17 (298171)     9

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

		Principal amount°	Value (US $)
Agency Mortgage-Backed Securities (continued)
	Fannie Mae S.F. 30 yr
	5.50% 9/1/41	414,629	$	468,877
	5.50% 5/1/44	8,120,625		9,100,311
	6.00% 11/1/23	7,454		8,383
	6.00% 3/1/34	44,031		50,270
	6.00% 8/1/34	18,328		20,964
	6.00% 9/1/34	181		206
	6.00% 11/1/34	2,954		3,355
	6.00% 4/1/35	155,992		178,101
	6.00% 7/1/35	45,817		52,347
	6.00% 12/1/35	29,557		33,744
	6.00% 4/1/36	9,195		10,342
	6.00% 6/1/36	147,876		169,134
	6.00% 9/1/36	135,768		156,547
	6.00% 12/1/36	3,923		4,455
	6.00% 3/1/37	3,756		4,265
	6.00% 5/1/37	54,987		62,840
	6.00% 7/1/37	2,046,590		2,334,813
	6.00% 8/1/37	227,918		260,580
	6.00% 9/1/37	1,161,980		1,319,590
	6.00% 12/1/37	192,432		219,225
	6.00% 3/1/38	1,442,558		1,640,175
	6.00% 5/1/38	135,998		154,539
	6.00% 7/1/38	3,451		3,927
	6.00% 9/1/38	6,286		7,143
	6.00% 10/1/38	597,643		680,097
	6.00% 9/1/39	113,802		131,459
	6.00% 10/1/39	2,433,602		2,779,930
	6.00% 3/1/40	20,000		22,704
	6.00% 5/1/41	176,000		199,745
	6.00% 7/1/41	3,319,334		3,774,073
	6.50% 1/1/29	6,481		7,363
	6.50% 5/1/40	169,782		190,571
	7.50% 6/1/31	546		648
	Fannie Mae S.F. 30 yr TBA
	3.00% 11/1/47	3,839,000		3,843,499
	4.50% 11/1/47	18,083,000		19,382,363
	4.50% 12/1/47	5,801,000		6,209,795
	Freddie Mac ARM
	2.558%(LIBOR12M + 1.63%) 10/1/46 ●	386,986		388,956
	2.922%(LIBOR12M + 1.612%) 11/1/44 ●	132,291		135,710
	3.08%(H15T1Y + 2.14%) 10/1/36 ●	5,786		6,099
	3.275%(LIBOR12M + 1.775%) 10/1/37 ●	179,931		189,128

10     NQ-022 [9/17] 11/17 (298171)

(Unaudited)

		Principal amount°	Value (US $)
Agency Mortgage-Backed Securities (continued)
	Freddie Mac ARM
	3.28%(LIBOR12M + 1.734%) 2/1/37 ●	3,647	$	3,824
	3.37%(H15T1Y + 2.37%) 6/1/37 ●	283,134		295,255
	3.635%(LIBOR12M + 1.885%) 7/1/38 ●	858,512		905,283
	5.00%(LIBOR12M + 1.93%) 8/1/38 ●	16,016		16,894
	Freddie Mac S.F. 30 yr
	4.50% 8/1/44	188,401		202,863
	5.00% 12/1/41	45,332		49,842
	5.50% 1/1/38	8,168		9,147
	6.00% 5/1/35	8,174		9,287
	6.00% 2/1/36	203,898		231,673
	6.00% 3/1/36	221,363		251,332
	6.00% 8/1/38	1,696,742		1,934,453
	6.00% 5/1/39	45,642		52,059
	6.00% 7/1/39	24,334		27,652
	6.00% 11/1/39	28,300		32,092
	6.00% 5/1/40	213,348		240,287
	6.50% 12/1/31	17,780		20,080
	7.50% 7/1/32	3,561		4,303
	GNMA II S.F. 30 yr
	5.50% 5/20/37	177,979		197,350
	5.50% 4/20/40	129,199		140,574
	6.00% 2/20/39	170,039		189,307
	6.00% 10/20/39	257,239		286,423
	6.00% 2/20/40	635,158		710,364
	6.00% 4/20/46	212,990		238,244
	6.50% 10/20/39	247,351		276,329
Total Agency Mortgage-Backed Securities (cost $67,507,322)				67,503,395
Collateralized Debt Obligations – 3.22%
	AMMC CLO
	Series 2015-16A XR 144A 2.354% (LIBOR03M + 1.05%)
	4/14/29 #●	5,700,000		5,699,687
	Cathedral Lake CLO
	Series 2015-2A AXR 144A 2.554% (LIBOR03M + 1.25%)
	7/16/29 #●	2,375,000		2,377,028
	Dryden 36 Senior Loan Fund
	Series 2014-36A X 144A 2.404% (LIBOR03M + 1.10%)
	1/15/28 #●	2,133,333		2,134,628
	Harbourview CLO VII
	Series 7A AXR 144A 2.317% (LIBOR03M + 1.00%)
	11/18/26 #●	2,083,334		2,085,571

NQ-022 [9/17] 11/17 (298171)     11

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

			Principal amount°	Value (US $)
Collateralized Debt Obligations (continued)
	Hempstead II CLO
		Series 2017-2A X 144A 2.309% (LIBOR03M + 1.00%)
		8/10/29 #●	4,250,000	$	4,250,394
	KKR CLO
		Series 18 X 144A 2.317% (LIBOR03M + 1.00%)
		7/18/30 #●	1,750,000		1,749,118
	Neuberger Berman CLO XVII
		Series 2014-17A XR 144A 2.313% (LIBOR03M + 1.00%)
		4/22/29 #●	3,390,000		3,389,810
	Telos CLO
		Series 2013-3A X 144A 2.271% (LIBOR03M + 1.00%)
		7/17/26 #●	1,900,000		1,901,786
	Tuolumne Grove CLO
		Series 2014-1A AXR 144A 2.264% (LIBOR03M + 0.95%)
		4/25/26 #●	1,000,000		999,944
Total Collateralized Debt Obligations (cost $24,581,667)					24,587,966
Convertible Bond – 0.18%
	Jefferies Group 3.875% exercise price $43.53, maturity
		date 11/1/29	1,355,000		1,361,775
Total Convertible Bond (cost $1,443,922)					1,361,775
Corporate Bonds – 40.80%
Banking – 16.17%
	Ally Financial 4.125% 3/30/20		500,000		516,250
	ANZ New Zealand International 144A 2.60% 9/23/19 #		3,900,000		3,943,761
	Banco de Bogota 144A 5.375% 2/19/23 #		500,000		531,250
	Banco Nacional de Costa Rica 144A 5.875% 4/25/21 #		450,000		469,566
	Banco Santander 3.50% 4/11/22		1,600,000		1,639,827
	Banistmo 144A 3.65% 9/19/22 #		200,000		200,700
	Bank of America
		3.124% 1/20/23 µ	2,050,000		2,083,432
		3.593% 7/21/28 µ	435,000		438,996
		4.183% 11/25/27	1,040,000		1,079,542
		5.75% 12/1/17	6,900,000		6,947,740
	Bank of New York Mellon 2.50% 4/15/21		2,280,000		2,303,418
	Barclays
		3.20% 8/10/21	780,000		792,262
		8.25%µψ	1,200,000		1,270,110
	BBVA Bancomer 144A 7.25% 4/22/20 #		500,000		551,250
	BGEO Group 144A 6.00% 7/26/23 #		200,000		206,480
	Branch Banking & Trust 2.85% 4/1/21		1,505,000		1,535,514
	Citigroup 2.414% (LIBOR03M + 1.10%) 5/17/24 ●		555,000		556,666

12     NQ-022 [9/17] 11/17 (298171)

(Unaudited)

		Principal amount°	Value (US $)
Corporate Bonds (continued)
Banking (continued)
	Citizens Bank
	2.45% 12/4/19	5,010,000	$	5,050,309
	2.50% 3/14/19	2,890,000		2,913,752
	Commonwealth Bank of Australia 2.40% 11/2/20	4,055,000		4,076,346
	Compass Bank 2.75% 9/29/19	7,305,000		7,354,328
	Credit Suisse
	2.30% 5/28/19	4,890,000		4,923,779
	3.00% 10/29/21	475,000		487,836
	Export Credit Bank of Turkey 144A 5.375% 2/8/21 #	300,000		311,443
	Export-Import Bank of India 3.125% 7/20/21	410,000		415,282
	Goldman Sachs Group
	3.272% 9/29/25 µ	2,130,000		2,134,426
	3.691% 6/5/28 µ	1,830,000		1,847,505
	6.00% 6/15/20	200,000		219,665
	HBOS 144A 6.75% 5/21/18 #	2,555,000		2,631,368
	Huntington National Bank 2.50% 8/7/22	480,000		477,706
	JPMorgan Chase & Co.
	2.55% 3/1/21	3,810,000		3,849,092
	4.25% 10/1/27	1,010,000		1,069,376
	5.30%µψ	1,000,000		1,045,000
	KeyBank
	2.40% 6/9/22	920,000		916,969
	2.50% 11/22/21	1,890,000		1,903,616
	3.18% 5/22/22	1,335,000		1,360,345
	Manufacturers & Traders Trust 2.50% 5/18/22	555,000		557,129
	Morgan Stanley
	3.625% 1/20/27	885,000		898,370
	5.00% 11/24/25	1,850,000		2,030,238
	5.95% 12/28/17	6,900,000		6,970,628
	PNC Bank 2.30% 6/1/20	4,275,000		4,308,883
	PNC Financial Services Group
	3.15% 5/19/27	595,000		596,871
	5.00%µψ	1,160,000		1,218,000
	Popular 7.00% 7/1/19	1,000,000		1,032,500
	Regions Financial 2.75% 8/14/22	370,000		369,668
	Royal Bank of Canada 2.75% 2/1/22	1,685,000		1,714,310
	Royal Bank of Scotland Group
	3.875% 9/12/23	1,470,000		1,505,677
	8.625%µψ	910,000		1,011,237
	Santander UK 144A 5.00% 11/7/23 #	820,000		888,014
	Santander UK Group Holdings 3.571% 1/10/23	3,805,000		3,895,169
	Skandinaviska Enskilda Banken 144A 2.375% 3/25/19 #	4,580,000		4,615,353

NQ-022 [9/17] 11/17 (298171)     13

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

		Principal amount°	Value (US $)
Corporate Bonds (continued)
Banking (continued)
	State Street
	2.653% 5/15/23 µ	390,000	$	392,304
	3.30% 12/16/24	940,000		971,801
	SunTrust Banks 2.70% 1/27/22	2,785,000		2,809,279
	SVB Financial Group 3.50% 1/29/25	1,235,000		1,238,673
	Swedbank 144A 2.375% 2/27/19 #	2,000,000		2,014,310
	Transnet SOC 144A 4.00% 7/26/22 #	200,000		197,386
	Turkiye Garanti Bankasi 144A 6.25% 4/20/21 #	230,000		244,927
	UBS Group Funding Jersey
	144A 2.65% 2/1/22 #	640,000		637,919
	144A 3.00% 4/15/21 #	2,700,000		2,738,839
	US Bancorp 2.35% 1/29/21	1,000,000		1,008,340
	USB Capital IX 3.50% (LIBOR03M + 1.02%)ψ●	6,960,000		6,206,928
	Wells Fargo
	2.625% 7/22/22	485,000		486,124
	5.625% 12/11/17	5,000,000		5,038,795
				123,652,579
Basic Industry – 2.35%
	Allegheny Technologies 9.375% 6/1/19	250,000		274,375
	Beacon Roofing Supply 6.375% 10/1/23	500,000		535,000
	Cia Brasileira de Aluminio 144A 6.75% 4/5/21 #	250,000		272,500
	Dow Chemical 8.55% 5/15/19	1,760,000		1,944,334
	Equate Petrochemical 144A 3.00% 3/3/22 #	265,000		263,377
	First Quantum Minerals 144A 7.00% 2/15/21 #	250,000		258,437
	FMG Resources August 2006 144A 4.75% 5/15/22 #	1,000,000		1,016,250
	Freeport-McMoRan 6.50% 11/15/20	1,000,000		1,024,250
	Georgia-Pacific
	144A 2.539% 11/15/19 #	1,000,000		1,008,337
	144A 5.40% 11/1/20 #	5,750,000		6,306,214
	INVISTA Finance 144A 4.25% 10/15/19 #	1,330,000		1,376,550
	Joseph T Ryerson & Son 144A 11.00% 5/15/22 #	1,000,000		1,122,500
	MMC Finance DAC 4.375% 4/30/18	500,000		505,670
	NCI Building Systems 144A 8.25% 1/15/23 #	335,000		360,963
	Phosagro OAO via Phosagro Bond Funding DAC 144A
	3.95% 11/3/21 #	500,000		508,281
	Suzano Trading 144A 5.875% 1/23/21 #	100,000		108,375
	Vale Overseas
	4.375% 1/11/22	55,000		57,472
	5.875% 6/10/21	400,000		441,500
	Vedanta Resources 144A 6.375% 7/30/22 #	200,000		208,500
	WestRock 144A 3.00% 9/15/24 #	375,000		374,902
				17,967,787

14     NQ-022 [9/17] 11/17 (298171)

(Unaudited)

		Principal amount°	Value (US $)
Corporate Bonds (continued)
Brokerage – 0.33%
	Jefferies Group 5.125% 1/20/23	2,285,000	$	2,497,984
				2,497,984
Capital Goods – 1.60%
	Allegion US Holding
	3.20% 10/1/24	1,085,000		1,082,038
	3.55% 10/1/27	739,000		735,556
	Ardagh Packaging Finance 144A 7.25% 5/15/24 #	1,000,000		1,100,620
	General Electric
	1.692% (LIBOR03M + 0.38%) 5/5/26 ●	280,000		273,364
	5.55% 5/4/20	2,175,000		2,377,725
	6.00% 8/7/19	1,445,000		1,556,442
	Rockwell Collins
	3.20% 3/15/24	525,000		534,923
	3.50% 3/15/27	385,000		393,137
	SAN Miguel Industrias Pet 144A 4.50% 9/18/22 #	225,000		227,925
	Siemens Financieringsmaatschappij 144A
	2.70% 3/16/22 #	3,920,000		3,972,787
				12,254,517
Communications – 3.28%
	Altice Luxembourg 144A 7.75% 5/15/22 #	500,000		531,250
	American Tower
	4.00% 6/1/25	470,000		486,591
	4.40% 2/15/26	290,000		307,100
	AT&T
	2.85% 2/14/23	3,445,000		3,432,270
	4.25% 3/1/27	770,000		792,564
	Cablevision 144A 6.50% 6/15/21 #	195,000		208,599
	CC Holdings GS V 3.849% 4/15/23	1,165,000		1,220,313
	CCO Holdings 5.75% 9/1/23	500,000		520,000
	CenturyLink 5.625% 4/1/20	750,000		785,400
	Crown Castle International
	3.65% 9/1/27	75,000		75,080
	5.25% 1/15/23	735,000		814,338
	Crown Castle Towers 144A 3.663% 5/15/25 #	635,000		650,875
	CSC Holdings 6.75% 11/15/21	750,000		830,625
	Digicel Group 144A 7.125% 4/1/22 #	500,000		455,625
	Dish DBS 6.75% 6/1/21	500,000		551,250
	GTH Finance 144A 6.25% 4/26/20 #	500,000		530,825
	GTP Acquisition Partners I 144A 2.35% 6/15/20 #	520,000		519,492
	SBA Tower Trust 144A 2.24% 4/10/18 #	1,995,000		1,994,605
	Sirius XM Radio 144A 3.875% 8/1/22 #	1,000,000		1,027,700
	Sprint Communications 6.00% 11/15/22	750,000		809,775

NQ-022 [9/17] 11/17 (298171)     15

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

		Principal amount°	Value (US $)
Corporate Bonds (continued)
Communications (continued)
	Time Warner Entertainment 8.375% 3/15/23	3,295,000	$	4,097,735
	Verizon Communications 4.50% 9/15/20	3,165,000		3,398,645
	VTR Finance 144A 6.875% 1/15/24 #	1,000,000		1,060,000
				25,100,657
Consumer Cyclical – 1.61%
	Atento Luxco 1 144A 6.125% 8/10/22 #	180,000		188,596
	Cencosud 144A 4.875% 1/20/23 #	250,000		266,150
	Ford Motor Credit
	3.096% 5/4/23	980,000		972,272
	3.336% 3/18/21	1,575,000		1,611,730
	General Motors Financial
	3.15% 1/15/20	1,135,000		1,155,280
	3.45% 1/14/22	1,100,000		1,123,686
	3.45% 4/10/22	1,070,000		1,088,379
	JD.com 3.125% 4/29/21	600,000		599,921
	MGM Resorts International 6.75% 10/1/20	375,000		414,375
	NCL 144A 4.75% 12/15/21 #	1,000,000		1,040,000
	Prime Security Services Borrower 144A 9.25% 5/15/23 #	750,000		829,545
	Scientific Games International 10.00% 12/1/22	500,000		555,625
	Starbucks 2.10% 2/4/21	2,110,000		2,119,336
	Wyndham Worldwide 4.15% 4/1/24	310,000		314,636
				12,279,531
Consumer Non-Cyclical – 2.67%
	Anheuser-Busch InBev Finance 2.65% 2/1/21	3,360,000		3,416,386
	BAT Capital 144A 2.764% 8/15/22 #	3,560,000		3,582,914
	Becton Dickinson
	2.894% 6/6/22	690,000		692,225
	3.363% 6/6/24	685,000		692,123
	CK Hutchison International 144A 2.875% 4/5/22 #	275,000		276,694
	Kernel Holding 144A 8.75% 1/31/22 #	235,000		258,481
	Marfrig Holdings Europe 144A 8.00% 6/8/23 #	200,000		207,640
	McCormick 2.70% 8/15/22	985,000		990,456
	MHP 144A 8.25% 4/2/20 #	500,000		541,613
	Pernod Ricard 144A 4.45% 1/15/22 #	1,795,000		1,929,213
	Reynolds American 4.00% 6/12/22	2,370,000		2,505,653
	Roche Holdings 144A 1.75% 1/28/22 #	1,015,000		993,950
	Shire Acquisitions Investments Ireland
	2.40% 9/23/21	1,090,000		1,086,936
	2.875% 9/23/23	1,040,000		1,035,895
	Thermo Fisher Scientific 3.00% 4/15/23	2,130,000		2,167,149
				20,377,328

16     NQ-022 [9/17] 11/17 (298171)

(Unaudited)

		Principal amount°	Value (US $)
Corporate Bonds (continued)
Electric – 5.27%
	AEP Texas 144A 2.40% 10/1/22 #	1,930,000	$	1,921,192
	AES Gener 144A 5.25% 8/15/21 #	420,000		446,561
	Ameren 2.70% 11/15/20	3,665,000		3,715,237
	Arizona Public Service 2.20% 1/15/20	4,195,000		4,211,959
	CMS Energy 6.25% 2/1/20	1,345,000		1,466,936
	Dominion Energy 2.00% 8/15/21	410,000		403,483
	DTE Energy
	2.40% 12/1/19	1,725,000		1,735,185
	3.30% 6/15/22	1,050,000		1,077,147
	Duke Energy 1.80% 9/1/21	2,450,000		2,402,182
	Dynegy 7.375% 11/1/22	1,000,000		1,047,500
	Enel Finance International 144A 2.875% 5/25/22 #	2,790,000		2,811,182
	Entergy 4.00% 7/15/22	2,050,000		2,171,536
	Entergy Louisiana 4.05% 9/1/23	1,125,000		1,200,509
	Exelon
	2.85% 6/15/20	2,000,000		2,040,692
	3.497% 6/1/22	905,000		932,951
	Fortis 2.10% 10/4/21	2,895,000		2,844,412
	IPALCO Enterprises
	3.45% 7/15/20	710,000		720,650
	144A 3.70% 9/1/24 #	430,000		431,390
	Majapahit Holding 144A 8.00% 8/7/19 #	500,000		551,900
	NV Energy 6.25% 11/15/20	2,460,000		2,745,543
	Southern 2.35% 7/1/21	3,360,000		3,343,484
	WEC Energy Group 2.45% 6/15/20	2,075,000		2,090,981
				40,312,612
Energy – 2.64%
	Antero Resources 5.375% 11/1/21	500,000		515,000
	Dominion Energy Gas Holdings 2.50% 12/15/19	2,020,000		2,037,139
	Energy Transfer Equity 7.50% 10/15/20	500,000		565,625
	Genesis Energy 6.75% 8/1/22	1,000,000		1,027,500
	KazMunayGas National
	144A 3.875% 4/19/22 #	250,000		252,776
	144A 6.375% 4/9/21 #	250,000		273,916
	Kinder Morgan Energy Partners 9.00% 2/1/19	850,000		923,608
	Kunlun Energy 144A 2.875% 5/13/20 #	400,000		403,568
	Laredo Petroleum 5.625% 1/15/22	500,000		506,250
	Murphy Oil USA 6.00% 8/15/23	500,000		528,750
	Newfield Exploration 5.75% 1/30/22	500,000		536,250
	Noble Holding International 5.75% 3/16/18	580,000		586,525
	Oasis Petroleum 6.50% 11/1/21	500,000		512,500
	ONEOK 7.50% 9/1/23	1,655,000		1,984,825

NQ-022 [9/17] 11/17 (298171)     17

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

		Principal amount°	Value (US $)
Corporate Bonds (continued)
Energy (continued)
	Pertamina Persero 144A 4.30% 5/20/23 #	310,000	$	326,171
	Petrobras Global Finance 144A 5.299% 1/27/25 #	531,000		530,867
	Plains All American Pipeline
	2.85% 1/31/23	415,000		399,221
	3.85% 10/15/23	1,280,000		1,286,112
	Precision Drilling 6.50% 12/15/21	500,000		508,750
	Sabine Pass Liquefaction
	5.625% 3/1/25	1,405,000		1,551,714
	5.75% 5/15/24	1,595,000		1,779,245
	5.875% 6/30/26	50,000		56,009
	Woodside Finance 144A 8.75% 3/1/19 #	2,235,000		2,436,729
	WPX Energy 7.50% 8/1/20	335,000		365,987
	YPF 144A 24.104% (BADLARPP + 4.00%) 7/7/20 #●	325,000		326,625
				20,221,662
Finance Companies – 1.21%
	AerCap Ireland Capital
	3.50% 5/26/22	790,000		809,557
	3.65% 7/21/27	600,000		598,730
	3.95% 2/1/22	1,525,000		1,588,458
	4.25% 7/1/20	500,000		522,606
	4.625% 10/30/20	500,000		532,374
	Air Lease 3.00% 9/15/23	1,030,000		1,028,518
	Aviation Capital Group 144A 2.875% 1/20/22 #	605,000		605,546
	BOC Aviation 144A 2.375% 9/15/21 #	400,000		393,274
	Corporacion Financiera de Desarrollo 144A
	3.25% 7/15/19 #	500,000		510,000
	Development Bank of Japan 144A 2.625% 9/1/27 #	790,000		780,695
	GrupoSura Finance 144A 5.70% 5/18/21 #	500,000		546,250
	International Lease Finance 8.625% 1/15/22	1,080,000		1,324,478
				9,240,486
Healthcare – 0.31%
	HCA Healthcare 6.25% 2/15/21	1,000,000		1,085,000
	Mallinckrodt International Finance 144A 4.875% 4/15/20 #	250,000		250,000
	Tenet Healthcare 8.125% 4/1/22	1,000,000		1,020,000
				2,355,000
Insurance – 1.10%
	Chubb INA Holdings 2.30% 11/3/20	3,540,000		3,566,778
	Hub Holdings 144A PIK 8.125% 7/15/19 #❆	500,000		502,187
	Nuveen Finance 144A 4.125% 11/1/24 #	460,000		484,885
	Pricoa Global Funding I 144A 2.20% 5/16/19 #	3,855,000		3,872,375
				8,426,225

18     NQ-022 [9/17] 11/17 (298171)

(Unaudited)

		Principal amount°	Value (US $)
Corporate Bonds (continued)
Natural Gas – 0.37%
	CenterPoint Energy Resources 4.50% 1/15/21	2,700,000	$	2,842,135
				2,842,135
Real Estate – 0.24%
	Hazine Mustesarligi Varlik Kiralama 144A 4.251% 6/8/21 #	500,000		508,827
	Host Hotels & Resorts
	3.75% 10/15/23	505,000		516,888
	3.875% 4/1/24	785,000		803,112
				1,828,827
Services – 0.20%
	GEO Group 5.875% 1/15/22	500,000		520,625
	Iron Mountain 144A 4.375% 6/1/21 #	1,000,000		1,036,790
				1,557,415
Technology – 0.41%
	Apple 2.10% 9/12/22	1,085,000		1,076,759
	Cisco Systems 1.85% 9/20/21	1,005,000		995,019
	Dell International 144A 4.42% 6/15/21 #	1,000,000		1,050,682
				3,122,460
Transportation – 1.04%
	DAE Funding 144A 4.00% 8/1/20 #	500,000		511,250
	Penske Truck Leasing
	144A 2.70% 3/14/23 #	665,000		659,979
	144A 4.20% 4/1/27 #	2,635,000		2,767,719
	Topaz Marine 144A 9.125% 7/26/22 #	200,000		201,150
	United Airlines 2015-1 Class AA Pass-Through Trust
	3.45% 12/1/27 ⧫	342,594		351,861
	United Continental Holdings 4.25% 10/1/22	1,000,000		1,008,750
	United Parcel Service 5.125% 4/1/19	2,340,000		2,457,876
				7,958,585
Total Corporate Bonds (cost $311,359,565)				311,995,790
Loan Agreements – 4.74%
	Alpha 3 Tranche B1 1st Lien 4.333% (LIBOR03M + 3.00%)
	1/31/24 ●	1,496,250		1,504,042
	Blue Ribbon 1st Lien 5.235% (LIBOR03M + 4.00%)
	11/13/21 ●	529,387		524,314
	Builders FirstSource 1st Lien 4.333% (LIBOR03M +
	3.00%) 2/29/24 ●	1,481,250		1,486,651
	Change Healthcare Holdings Tranche B 1st Lien 3.985%
	(LIBOR03M + 2.75%) 3/1/24 ●	1,592,000		1,597,373
	Chesapeake Energy 1st Lien 8.814% (LIBOR03M + 7.50%)
	8/23/21 ●	250,000		269,609
	First Data 1st Lien 3.737% (LIBOR03M + 2.50%) 4/26/24 ●	443,499		445,288

NQ-022 [9/17] 11/17 (298171)     19

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

		Principal amount°	Value (US $)
Loan Agreements (continued)
	First Eagle Holdings Tranche B 1st Lien 4.833%
	(LIBOR03M + 3.50%) 12/1/22 ●	1,484,972	$	1,501,306
	Gardner Denver Tranche B 1st Lien 4.083% (LIBOR03M +
	2.75%) 7/30/24 ●	928,264		930,057
	JC Penney Tranche B 1st Lien 5.568% (LIBOR03M +
	4.25%) 6/23/23 ●	112,967		110,613
	Mission Broadcasting 1st Lien 3.735% (LIBOR03M +
	2.50%) 1/17/24 ●	210,324		211,093
	Mohegan Gaming & Entertainment Tranche B 1st Lien
	5.235% (LIBOR03M + 4.00%) 10/13/23 ●	583,590		589,572
	MPH Acquisition Holdings Tranche B 1st Lien 4.333%
	(LIBOR03M + 3.00%) 6/7/23 ●	227,305		229,200
	Nexstar Broadcasting Tranche B 1st Lien 3.735%
	(LIBOR03M + 2.50%) 7/19/24 ●	1,670,924		1,677,030
	ON Semiconductor Tranche B 1st Lien 3.485%
	(LIBOR03M + 2.25%) 3/31/23 ●	1,557,192		1,564,573
	PQ Tranche B 1st Lien 4.562% (LIBOR03M + 3.25%)
	11/4/22 ●	692,505		699,801
	Republic of Angola 7.683% (LIBOR06M + 6.25%)
	12/16/23 =●	414,375		379,153
	Rite Aid 2nd Lien 5.99% (LIBOR03M + 4.75%) 8/21/20 ●	500,000		503,437
	Russell Investments Tranche B 1st Lien 5.49% (LIBOR03M
	+ 4.25%) 6/1/23 ●	2,223,731		2,251,528
	SFR Group Tranche B10 1st Lien 4.561% (LIBOR03M +
	3.25%) 1/31/25 ●	3,473,750		3,489,219
	Sprint Communications Tranche B 1st Lien 3.75%
	(LIBOR03M + 2.50%) 2/2/24 ●	2,487,500		2,494,385
	Staples 1st Lien 5.00% (LIBOR03M + 4.00%) 9/12/24 ●	2,000,000		1,992,504
	Stars Group Holdings Tranche B 1st Lien 4.833%
	(LIBOR03M + 3.50%) 8/1/21 ●	493,687		496,018
	Summit Midstream Partners Holdings Tranche B 1st Lien
	7.235% (LIBOR03M + 6.00%) 5/21/22 ●	249,375		253,116
	Team Health Holdings Tranche B 1st Lien 3.985%
	(LIBOR03M + 2.75%) 2/6/24 ●	1,592,000		1,570,110
	Telenet Financing USD Tranche A1 1st Lien 3.984%
	(LIBOR03M + 2.75%) 6/30/25 ●	2,500,000		2,510,070
	Uniti Group 1st Lien 4.235% (LIBOR03M + 3.00%)
	10/24/22 ●	1,623,193		1,503,472
	Univision Communications Tranche C 1st Lien 3.985%
	(LIBOR03M + 2.75%) 3/15/24 ●	1,718,706		1,705,426
	UPC Financing Partnership Tranche AP 1st Lien 3.984%
	(LIBOR03M + 2.75%) 4/15/25 ●	1,600,000		1,607,571
	WideOpenWest Finance Tranche B 1st Lien 4.484%
	(LIBOR03M + 3.25%) 8/19/23 ●	1,731,250		1,732,178

20     NQ-022 [9/17] 11/17 (298171)

(Unaudited)

		Principal amount°	Value (US $)
Loan Agreements (continued)
	Windstream Services Tranche B6 1st Lien 5.24%
	(LIBOR03M + 4.00%) 3/30/21 ●	497,114	$	444,917
Total Loan Agreements (cost $35,826,275)				36,273,626
Municipal Bonds – 0.35%
	Commonwealth of Massachusetts
	Series C 5.00% 10/1/25	100,000		122,859
	County of Baltimore, Maryland
	5.00% 2/1/26	2,030,000		2,518,702
Total Municipal Bonds (cost $2,659,903)				2,641,561
Non-Agency Asset-Backed Securities – 27.12%
	Ally Master Owner Trust
	Series 2015-2 A1 1.804% (LIBOR01M + 0.57%)
	1/15/21 ●	7,500,000		7,534,911
	American Express Credit Account Master Trust
	Series 2013-1 A 1.654% (LIBOR01M + 0.42%)
	2/16/21 ●	7,135,000		7,157,597
	Series 2013-2 A 1.654% (LIBOR01M + 0.42%)
	5/17/21 ●	2,474,000		2,483,648
	Series 2014-1 A 1.604% (LIBOR01M + 0.37%)
	12/15/21 ●	2,100,000		2,109,194
	Series 2017-2 A 1.686% (LIBOR01M + 0.45%)
	9/16/24 ●	270,000		272,085
	Series 2017-5 A 1.614% (LIBOR01M + 0.38%)
	2/18/25 ●	575,000		577,806
	ARI Fleet Lease Trust
	Series 2015-A A2 144A 1.11% 11/15/18 #	34,022		34,001
	Series 2017-A A1 144A 1.25% 6/15/18 #	663,524		663,051
	Avis Budget Rental Car Funding AESOP
	Series 2013-2A A 144A 2.97% 2/20/20 #	6,500,000		6,560,180
	Bank of America Credit Card Trust
	Series 2014-A1 A 1.614% (LIBOR01M + 0.38%)
	6/15/21 ●	5,625,000		5,645,214
	Series 2015-A1 A 1.564% (LIBOR01M + 0.33%)
	6/15/20 ●	2,023,000		2,024,778
	Series 2017-A1 A1 1.95% 8/15/22	3,000,000		3,003,944
	Barclays Dryrock Issuance Trust
	Series 2017-1 A 1.557% (LIBOR01M + 0.33%)
	3/15/23 ●	1,410,000		1,413,216
	BMW Vehicle Lease Trust
	Series 2016-1 A3 1.34% 1/22/19	5,216,354		5,213,895
	Series 2016-2 A3 1.43% 9/20/19	1,810,000		1,804,387

NQ-022 [9/17] 11/17 (298171)     21

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

			Principal amount°	Value (US $)
Non-Agency Asset-Backed Securities (continued)
	Cabela’s Credit Card Master Note Trust
		Series 2014-2 A 1.684% (LIBOR01M + 0.45%)
		7/15/22 ●	3,000,000	$	3,011,856
		Series 2015-1A A1 2.26% 3/15/23	500,000		501,947
	Capital One Multi-Asset Execution Trust
		Series 2014-A3 A3 1.614% (LIBOR01M + 0.38%)
		1/18/22 ●	2,000,000		2,008,439
		Series 2016-A1 A1 1.684% (LIBOR01M + 0.45%)
		2/15/22 ●	7,660,000		7,700,505
	Chase Issuance Trust
		Series 2012-A10 A10 1.494% (LIBOR01M + 0.26%)
		12/16/19 ●	2,750,000		2,750,920
		Series 2013-A3 A3 1.514% (LIBOR01M + 0.28%)
		4/15/20 ●	3,670,000		3,674,757
		Series 2013-A6 A6 1.654% (LIBOR01M + 0.42%)
		7/15/20 ●	4,000,000		4,011,917
		Series 2013-A9 A 1.654% (LIBOR01M + 0.42%)
		11/16/20 ●	8,900,000		8,936,405
		Series 2014-A5 A5 1.604% (LIBOR01M + 0.37%)
		4/15/21 ●	3,281,000		3,295,434
		Series 2016-A1 A 1.644% (LIBOR01M + 0.41%)
		5/17/21 ●	3,026,000		3,041,709
		Series 2016-A3 A3 1.784% (LIBOR01M + 0.55%)
		6/15/23 ●	5,965,000		6,035,277
		Series 2017-A1 A 1.534% (LIBOR01M + 0.30%)
		1/18/22 ●	4,935,000		4,953,712
		Series 2017-A2 A 1.634% (LIBOR01M + 0.40%)
		3/15/24 ●	1,300,000		1,304,413
	Citibank Credit Card Issuance Trust
		Series 2013-A4 A4 1.657% (LIBOR01M + 0.42%)
		7/24/20 ●	800,000		802,369
		Series 2013-A7 A7 1.665% (LIBOR01M + 0.43%)
		9/10/20 ●	8,100,000		8,130,778
		Series 2016-A3 A3 1.721% (LIBOR01M + 0.49%)
		12/7/23 ●	2,770,000		2,793,986
		Series 2017-A1 A1 1.484% (LIBOR01M + 0.25%)
		1/19/21 ●	2,650,000		2,655,396
		Series 2017-A5 A5 1.856% (LIBOR01M + 0.62%)
		4/22/26 ●	360,000		363,757
		Series 2017-A7 A7 1.602% (LIBOR01M + 0.37%)
		8/8/24 ●	8,400,000		8,430,242
	CNH Equipment Trust
		Series 2016-B A2B 1.634% (LIBOR01M + 0.40%)
		10/15/19 ●	65,162		65,220

22     NQ-022 [9/17] 11/17 (298171)

(Unaudited)

		Principal amount°	Value (US $)
Non-Agency Asset-Backed Securities (continued)
	Discover Card Execution Note Trust
	Series 2013-A6 A6 1.684% (LIBOR01M + 0.45%)
	4/15/21 ●	2,405,000	$	2,414,785
	Series 2014-A1 A1 1.664% (LIBOR01M + 0.43%)
	7/15/21 ●	8,365,000		8,405,778
	Series 2015-A1 A1 1.584% (LIBOR01M + 0.35%)
	8/17/20 ●	325,000		325,320
	Series 2016-A4 A4 1.39% 3/15/22	2,000,000		1,984,323
	Series 2017-A1 A1 1.724% (LIBOR01M + 0.49%)
	7/15/24 ●	12,040,000		12,167,116
	Series 2017-A3 A3 1.464% (LIBOR01M + 0.23%)
	10/17/22 ●	3,025,000		3,030,961
	Series 2017-A5 A5 1.834% (LIBOR01M + 0.60%)
	12/15/26 ●	4,045,000		4,085,341
	Ford Credit Auto Owner Trust
	Series 2016-B A2B 1.544% (LIBOR01M + 0.31%)
	3/15/19 ●	190,821		190,896
	Series 2016-C A2B 1.374% (LIBOR01M + 0.14%)
	9/15/19 ●	1,701,858		1,701,792
	Ford Credit Floorplan Master Owner Trust A
	Series 2014-2 A 1.734% (LIBOR01M + 0.50%)
	2/15/21 ●	6,612,000		6,637,208
	Series 2015-1 A2 1.634% (LIBOR01M + 0.40%)
	1/15/20 ●	1,200,000		1,201,128
	Series 2015-2 A2 1.804% (LIBOR01M + 0.57%)
	1/15/22 ●	1,470,000		1,482,055
	Series 2017-1 A2 1.654% (LIBOR01M + 0.42%)
	5/15/22 ●	400,000		401,615
	Golden Credit Card Trust
	Series 2014-2A A 144A 1.684% (LIBOR01M + 0.45%)
	3/15/21 #●	535,000		537,182
	GreatAmerica Leasing Receivables Funding
	Series 2017-1 A2 144A 1.72% 4/22/19 #	825,000		825,078
	Hertz Fleet Lease Funding
	Series 2014-1 A 144A 1.635% (LIBOR01M + 0.40%)
	4/10/28 #●	91,581		91,578
	HOA Funding
	Series 2014-1A A2 144A 4.846% 8/20/44 #	249,100		233,038
	Hyundai Auto Lease Securitization Trust
	Series 2016-C A3 144A 1.49% 2/18/20 #	6,650,000		6,637,249
	Hyundai Auto Receivables Trust
	Series 2016-A A2B 1.604% (LIBOR01M + 0.37%)
	6/17/19 ●	1,012,616		1,013,369

NQ-022 [9/17] 11/17 (298171)     23

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

		Principal amount°	Value (US $)
Non-Agency Asset-Backed Securities (continued)
	Mercedes-Benz Auto Lease Trust
	Series 2016-A A2B 1.794% (LIBOR01M + 0.56%)
	7/16/18 ●	63,649	$	63,665
	Mercedes-Benz Master Owner Trust
	Series 2015-BA A 144A 1.614% (LIBOR01M + 0.38%)
	4/15/20 #●	1,000,000		1,001,379
	Series 2016-AA A 144A 1.814% (LIBOR01M + 0.58%)
	5/15/20 #●	1,970,000		1,975,392
	Navistar Financial Dealer Note Master Owner Trust II
	Series 2016-1 A 144A 2.587% (LIBOR01M + 1.35%)
	9/27/21 #●	390,000		392,734
	Series 2017-1 A 144A 2.017% (LIBOR01M + 0.78%)
	6/27/22 #●	1,000,000		1,000,533
	NextGear Floorplan Master Owner Trust
	Series 2014-1A A 144A 1.92% 10/15/19 #	1,015,000		1,015,130
	Nissan Auto Lease Trust
	Series 2016-A A2B 1.614% (LIBOR01M + 0.38%)
	8/15/18 ●	159,460		159,528
	Series 2016-B A2B 1.514% (LIBOR01M + 0.28%)
	12/17/18 ●	1,182,693		1,183,421
	Series 2016-B A3 1.50% 7/15/19	755,000		753,931
	Nissan Auto Receivables Owner Trust
	Series 2015-C A2B 1.584% (LIBOR01M + 0.35%)
	11/15/18 ●	17,776		17,778
	Series 2016-B A2B 1.534% (LIBOR01M + 0.30%)
	4/15/19 ●	967,118		967,703
	PFS Financing
	Series 2015-AA A 144A 1.854% (LIBOR01M + 0.62%)
	4/15/20 #●	2,000,000		2,003,940
	Series 2017-BA A1 144A 1.834% (LIBOR01M + 0.60%)
	7/15/22 #●	1,390,000		1,388,033
	Synchrony Credit Card Master Note Trust
	Series 2015-2 A 1.60% 4/15/21	640,000		640,257
	Towd Point Mortgage Trust
	Series 2015-5 A1B 144A 2.75% 5/25/55 #●	499,314		501,911
	Series 2015-6 A1B 144A 2.75% 4/25/55 #●	553,545		556,423
	Toyota Auto Receivables Owner Trust
	Series 2016-B A2B 1.484% (LIBOR01M + 0.25%)
	10/15/18 ●	102,801		102,817
	Series 2017-A A2B 1.304% (LIBOR01M + 0.07%)
	9/16/19 ●	1,000,000		1,000,185
	Trafigura Securitisation Finance
	Series 2017-1A A1 144A 2.084% (LIBOR01M + 0.85%)
	12/15/20 #●	3,410,000		3,432,731

24     NQ-022 [9/17] 11/17 (298171)

(Unaudited)

		Principal amount°		Value (US $)
Non-Agency Asset-Backed Securities (continued)
	Volvo Financial Equipment
	Series 2017-1A A2 144A 1.55% 10/15/19 #	515,000	$	514,719
	Wells Fargo Dealer Floorplan Master Note Trust
	Series 2014-2 A 1.686% (LIBOR01M + 0.45%)
	10/20/19 ●	8,575,000		8,576,714
	Series 2015-1 A 1.736% (LIBOR01M + 0.50%)
	1/20/20 ●	4,810,000		4,815,176
	Wheels SPV
	Series 2017-1A A2 144A 1.88% 4/20/26 #	330,000		329,659
	World Financial Network Credit Card Master Trust
	Series 2015-A A 1.714% (LIBOR01M + 0.48%)
	2/15/22 ●	685,000		686,185
Total Non-Agency Asset-Backed Securities
	(cost $207,173,658)			207,412,702
Non-Agency Collateralized Mortgage Obligations – 0.13%
	Bank of America Alternative Loan Trust
	Series 2005-6 7A1 5.50% 7/25/20	19,479		18,658
	GSMPS Mortgage Loan Trust
	Series 1998-2 A 144A 7.75% 5/19/27 #●	42,071		42,973
	JPMorgan Mortgage Trust
	Series 2014-IVR6 2A4 144A 2.50% 7/25/44 #●	455,000		455,020
	Sequoia Mortgage Trust
	Series 2014-2 A4 144A 3.50% 7/25/44 #●	353,412		359,997
	Wells Fargo Mortgage-Backed Securities Trust
	Series 2006-AR5 2A1 3.327% 4/25/36 ●	106,093		100,159
Total Non-Agency Collateralized Mortgage Obligations (cost $935,195)				976,807
Non-Agency Commercial Mortgage-Backed Security – 0.01%
	DB-UBS Mortgage Trust
	Series 2011-LC1A C 144A 5.685% 11/10/46 #●	100,000		108,597
Total Non-Agency Commercial Mortgage-Backed Security (cost $110,844)				108,597
Regional Bond – 0.07%Δ
Argentina – 0.07%
	Provincia de Cordoba 144A 7.125% 6/10/21 #	500,000		537,815
Total Regional Bond (cost $526,250)				537,815
Sovereign Bonds – 0.74%Δ
Argentina – 0.07%
	Argentine Republic Government International Bond
	5.625% 1/26/22	500,000		525,750
				525,750

NQ-022 [9/17] 11/17 (298171)     25

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

			Principal amount°	Value (US $)
Sovereign BondsΔ (continued)
Bahrain – 0.03%
	Bahrain Government International Bond 144A
	5.875% 1/26/21 #		250,000	$	261,213
					261,213
Chile – 0.04%
	Bonos de la Tesoreria de la Republica en pesos
	4.50% 3/1/21	CLP	190,000,000		306,128
					306,128
Costa Rica – 0.03%
	Costa Rica Government International Bond 144A
	4.25% 1/26/23 #		250,000		249,375
					249,375
Croatia – 0.07%
	Croatia Government International Bond 144A
	5.50% 4/4/23 #		500,000		555,885
					555,885
Dominican Republic – 0.04%
	Dominican Republic International Bond 144A
	7.50% 5/6/21 #		300,000		334,500
					334,500
Egypt – 0.07%
	Egypt Government International Bond 144A
	6.125% 1/31/22 #		500,000		518,391
					518,391
Hungary – 0.07%
	Hungary Government International Bond 6.375% 3/29/21		500,000		564,350
					564,350
Indonesia – 0.07%
	Perusahaan Penerbit SBSN Indonesia 144A
	3.40% 3/29/22 #		500,000		510,625
					510,625
Nigeria – 0.07%
	Nigeria Government International Bond 5.625% 6/27/22		500,000		510,413
					510,413
Saudi Arabia – 0.07%
	Kingdom of Saudi Arabia Sukuk 144A 2.894% 4/20/22 #		500,000		503,000
					503,000
Sri Lanka – 0.07%
	Sri Lanka Government International Bond
	144A 5.125% 4/11/19 #		250,000		256,293
	144A 5.75% 1/18/22 #		250,000		264,723
					521,016

26     NQ-022 [9/17] 11/17 (298171)

(Unaudited)

		Principal amount°	Value (US $)
Sovereign BondsΔ (continued)
Ukraine – 0.04%
	Ukraine Government International Bond 144A
	7.75% 9/1/20 #	250,000	$	265,577
				265,577
Total Sovereign Bonds (cost $5,509,500)				5,626,223
Supranational Bank – 0.07%
	Banque Ouest Africaine de Developpement 144A
	5.50% 5/6/21 #	500,000		532,063
Total Supranational Bank (cost $529,500)				532,063
US Treasury Obligations – 3.71%
	US Treasury Notes
	1.875% 7/31/22	18,535,000		18,490,835
	2.25% 8/15/27	9,950,000		9,879,067
Total US Treasury Obligations (cost $28,585,395)				28,369,902
		Number of
		Shares
Preferred Stock – 0.50%
	Bank of America 8.125% µ	1,000,000		1,032,500
	General Electric 5.00% µ	1,111,000		1,176,493
	Morgan Stanley 5.55% µ	1,180,000		1,230,887
	USB Realty144A 2.451% (LIBOR03M + 1.147%) #●	400,000		351,500
Total Preferred Stock (cost $3,713,522)				3,791,380
		Principal amount°
Short-Term Investments – 1.63%
Discount Notes – 0.11%≠
	Federal Farm Credit 0.783% 10/5/17	105,406		105,397
	Federal Home Loan Bank
	0.349% 10/2/17	307,019		307,013
	0.947% 10/19/17	214,095		213,996
	0.982% 11/13/17	210,811		210,568
				836,974
Repurchase Agreements – 1.52%
	Bank of America Merrill Lynch
	1.00%, dated 9/29/17, to be repurchased on 10/2/17,
	repurchase price $2,046,962 (collateralized by US
	government obligations 3.375% 11/15/19; market value
	$2,087,730)	2,046,792		2,046,792

NQ-022 [9/17] 11/17 (298171)     27

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

		Principal amount°	Value (US $)
Short-Term Investments (continued)
Repurchase Agreements (continued)
	Bank of Montreal
	0.92%, dated 9/29/17, to be repurchased on 10/2/17,
	repurchase price $5,117,372 (collateralized by US
	government obligations 0.125%–3.75%
	7/31/19–11/15/43; market value $5,219,319)	5,116,979	$	5,116,979
	BNP Paribas
	1.00%, dated 9/29/17, to be repurchased on 10/2/17,
	repurchase price $4,476,604 (collateralized by US
	government obligations 0.00%–3.375%
	1/4/18–5/15/45; market value $4,565,756)	4,476,231		4,476,231
				11,640,002
Total Short-Term Investments (cost $12,476,955)				12,476,976
Total Value of Securities – 103.34%
	(cost $787,489,083)			790,204,049
Liabilities Net of Receivables and Other Assets – (3.34%)★				(25,554,603	)
Net Assets Applicable to 90,018,938 Shares Outstanding – 100.00%			$	764,649,446

#	Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At Sept. 30, 2017, the aggregate value of Rule 144A securities was $142,686,736, which represents 18.66% 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.
❆	PIK. 100% of the income received was in the form of cash.
★	Of this amount, $653,000 represents cash collateral posted for futures contracts, $4,761,976 represents cash collateral posted for centrally cleared swap contracts, $121,000 represents cash collateral posted for TBA transactions, and $110,000 represents cash collateral received for TBA transactions.
=	The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security in the disclosure table located in Note 2 in “Notes.”
≠	The rate shown is the effective yield at the time of purchase.
°	Principal amount shown is stated in US dollars unless noted that the security is denominated in another currency.
Δ	Securities have been classified by country of origin.
µ	Fixed to variable rate investment. The interest rate shown reflects the fixed rate in effect at Sept. 30, 2017. Interest rate will reset at a future date.
Σ	Interest only security. An interest only security is the interest only portion of a fixed income security, which is separated and sold individually from the principal portion of the security.
Ψ	No contractual maturity date.

28     NQ-022 [9/17] 11/17 (298171)

(Unaudited)

Ω	Principal only security. A principal only security is the principal only portion of a fixed income security which is separated and sold individually from the interest portion of the security.
●	Variable rate investment. Interest rates reset periodically. Interest rate shown reflects the rate in effect at Sept. 30, 2017. For securities based on a published reference rate and spread, the reference rate and spread are indicated in their description above. 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. These securities do not indicate a reference rate and spread in their description above.
ϕ	Step coupon bond. Coupon increases or decreases periodically based on a predetermined schedule. Stated rate in effect at Sept. 30, 2017.

The following futures and swap contracts were outstanding at Sept. 30, 2017:

Futures Contracts

		Notional							Value/
		Cost			Notional			Expiration	Unrealized
Contracts to Buy (Sell)		(Proceeds)			Amount			Date	Appreciation
(532)	US Treasury 10 yr Notes	$	(67,495,144	)	$	(66,666,250	)	12/20/17	$	828,894
(13)	US Treasury Long Bonds		(2,021,565	)		(1,986,563	)	12/20/17		35,002
Total Futures Contracts		$	(69,516,709	)					$	863,896

Swap Contracts
CDS Contracts¹

Counterparty/

Upfront

Reference Obligation/

Annual

Payments

Termination Date/

Notional

Protection

Paid

Unrealized

Payment Frequency

Amount2

Payments

(Received)

Value

Depreciation3

Centrally Cleared/

Protection Purchased:

CDX.NA.HY.284

6/20/22-

Quarterly

44,000,000

5.00

%

$

(3,051,035

)

$

(3,376,772

)

$

(325,737

)

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

NQ-022 [9/17] 11/17 (298171)     29

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

²Notional amount shown is stated in US Dollars unless noted that the swap is denominated in another currency.

³Unrealized appreciation (depreciation) does not include periodic interest payments on swap contracts accrued daily in the amount of $(69,824).

⁴Markit’s CDX.NA.HY Index, is composed of 100 of the most liquid North American entities with high yield credit ratings that trade in the CDS market.

Summary of abbreviations:
ARM – Adjustable Rate Mortgage
BADLARPP – Argentina Term Deposit Rate
CDS – Credit Default Swap
CDX.NA.HY – Credit Default Swap Index North American High-Yield
CLO – Collateralized Loan Obligation
CLP – Chilean Peso
DAC – Designated Activity Company
DB – Deutsche Bank
FREMF – Freddie Mac Multifamily
GNMA – Government National Mortgage Association
GSMPS – Goldman Sachs Reperforming Mortgage Securities
H15T1Y – US Treasury Yield Curve T Note Constant Maturity 1 Year
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
LIBOR012M – ICE LIBOR USD 12 Month
NCUA – National Credit Union Administration
PIK – Pay-in-kind
REMIC – Real Estate Mortgage Investment Conduit
S.F. – Single Family
TBA – To be announced
USD – US Dollar
yr – Year

See accompanying notes.

30     NQ-022 [9/17] 11/17 (298171)

Notes
Delaware Limited-Term Diversified Income Fund	September 30, 2017 (Unaudited)

1. Significant Accounting Policies

The following accounting policies are in accordance with US generally accepted accounting principles (US 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. Equity 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. US 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 US 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. Futures contracts are valued at the daily quoted settlement prices. 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. 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 foregoing valuation policies apply to restricted and unrestricted securities.

2. Investments

US 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.

NQ-022 [9/17] 11/17 (298171)     31

(Unaudited)

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.

32     NQ-022 [9/17] 11/17 (298171)

(Unaudited)

The following table summarizes the valuation of the Fund’s investments by fair value hierarchy levels as of Sept. 30, 2017:

Securities	Level 1		Level 2			Level 3		Total
Assets:
Agency, Asset- & Mortgage-
Backed Securities	$	—	$	386,596,938		$	—	$	386,596,938
Corporate Debt		—		313,357,565			—		313,357,565
Foreign Debt		—		6,696,101			—		6,696,101
Loan Agreements1		—		35,894,473			379,153		36,273,626
Municipal Bonds		—		2,641,561			—		2,641,561
Preferred Stock		—		3,791,380			—		3,791,380
Short-Term Investments		—		12,476,976			—		12,476,976
US Treasury Obligations		—		28,369,902			—		28,369,902
Total Value of Securities	$	—	$	789,824,896		$	379,153	$	790,204,049
Derivatives:
Futures Contracts	$	863,896	$	—		$	—	$	863,896
Swap Contracts		—		(325,737	)		—		(325,737	)

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
Loan Agreements	98.95	%	1.05	%	100.00	%

During the period ended Sept. 30, 2017, 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 based on fair value 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 a reconciliation of Level 3 investments as the Level 3 investments were not considered significant to the Fund’s net assets at the beginning, interim, or end of the period.

3. Subsequent Events

Management has determined that no material events or transactions occurred subsequent to Sept. 30, 2017 that would require recognition or disclosure in the Fund’s “Schedule of investments.”

NQ-022 [9/17] 11/17 (298171)     33

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: