NPORT-EX 2 AFI90DETaxExemptIncomeFd.htm fi9_del-teif.htm - Generated by SEC Publisher for SEC Filing

Schedule of investments

Delaware Tax-Exempt Income Fund March 31, 2020 (Unaudited)

  Principal amount°    Value (US $) 
Municipal Bonds – 98.46%       
Corporate Revenue Bonds - 6.87%       
Allegheny County, Pennsylvania Industrial Development       
Authority Revenue       
(United States Steel Corporation Project)       
4.875% 11/1/24  2,650,000  $  2,400,343 
California Pollution Control Financing Authority Revenue       
(Calplant I Project) 144A 8.00% 7/1/39 (AMT)#  875,000    479,631 
Golden State, California Tobacco Securitization Corporate       
Settlement Revenue       
(Capital Appreciation Asset-Backed)       
Series B 6.309% 6/1/47 ^  5,955,000    1,061,657 
Inland Empire Tobacco Securitization, California       
(Capital Appreciation-Turbo-Asset-Backed) Series F       
144A 1.46% 6/1/57 #^  74,090,000    2,110,824 
Jefferson County, Texas Industrial Development       
(TRP Crude Marketing, LLC Project) 144A       
7.75% 4/1/39 #  875,000    787,229 
Michigan Tobacco Settlement Financing Authority       
Revenue Asset-Backed       
Series A 6.00% 6/1/48  875,000    840,963 
Monroe County, Michigan Economic Development       
(The Detroit Edison Company Project) Series AA       
6.95% 9/1/22 (NATL)  4,500,000    5,092,155 
New Jersey Tobacco Settlement Financing Corporation       
(Subordinate Revenue Refunding Bonds) Series B       
5.00% 6/1/46  3,500,000    3,373,615 
New York Liberty Development       
(Bank of America Tower At One Bryant Park Project)       
2.625% 9/15/69  1,435,000    1,370,167 
2.80% 9/15/69  3,720,000    3,551,819 
New York Transportation Development Special Facilities       
Revenue       
(Delta Airlines, Inc. -LaGuardia Airport Terminals C&D       
Redevelopment Project)       
5.00% 1/1/33 (AMT)  790,000    781,144 
5.00% 1/1/34 (AMT)  4,210,000    4,156,154 
Northern Tobacco Securitization, Alaska       
(Tobacco Settlement Asset-Backed Bonds) Series A       
5.00% 6/1/46  875,000    875,105 
Salt Verde, Arizona Financial Corporation Senior Gas       
Revenue       
5.00% 12/1/37  1,000,000    1,179,320 

 

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Schedule of investments

Delaware Tax-Exempt Income Fund (Unaudited)

  Principal amount°    Value (US $) 
Municipal Bonds (continued)       
Corporate Revenue Bonds (continued)       
South Carolina Jobs - Economic Development Authority       
Educational Facilities Revenue       
(Jasper Pellets, LLC Project) 144A       
7.00% 11/1/38 (AMT)#  875,000  $  792,566 
(South Carolina SAVES Green Community Program -       
AAC East LLC Project) Series A 144A       
7.00% 5/1/39 (AMT)#  900,000    773,397 
Tobacco Securitization Authority of Southern California       
(Capital Appreciation-2nd Subordinate Lien) Series C       
0.558% 6/1/46 ^  9,040,000    1,332,225 
(Capital Appreciation-3rd Subordinate Lien) Series D       
0.307% 6/1/46 ^  1,490,000    196,442 
Virginia Tobacco Settlement Financing Corporation       
(Capital Appreciation Asset-Backed) Series C       
2.398% 6/1/47 ^  13,795,000    2,133,949 
(Capital Appreciation)       
Series B 5.20% 6/1/46  875,000    876,776 
Series D 2.601% 6/1/47 ^  6,955,000    1,041,164 
      35,206,645 
Education Revenue Bonds - 9.34%       
Arizona Industrial Development Authority Revenue       
(Empower College Prep Project) 144A 6.00% 7/1/49 #  875,000    805,140 
(Odyssey Preparatory Academy Project) Series A 144A       
5.50% 7/1/52 #  875,000    798,954 
Build NYC Resource, New York       
(New Dawn Charter Schools Project) 144A       
5.75% 2/1/49 #  500,000    486,245 
California Educational Facilities Authority Revenue       
(Stanford University) Series V-1 5.00% 5/1/49  1,000,000    1,543,570 
California Municipal Finance Authority Revenue       
Series A 144A 5.50% 6/1/53 #  700,000    703,934 
Capital Trust Agency, Florida Revenue       
(University Bridge, LLC Student Housing Project) Series       
A 144A 5.25% 12/1/43 #  2,000,000    1,941,840 
Dauphin County, Pennsylvania General Authority Revenue       
(The Harrisburg University Science and Technology       
Project) 144A 5.00% 10/15/34 #  875,000    879,891 
District of Columbia Revenue       
(KIPP DC Issue)       
4.00% 7/1/39  1,275,000    1,288,821 
4.00% 7/1/44  740,000    740,777 
Fulton County, Georgia Development Authority       
(Georgia Institute of Technology) 5.00% 6/15/44  3,100,000    3,826,857 

 

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(Unaudited)

  Principal amount°    Value (US $) 
Municipal Bonds (continued)       
Education Revenue Bonds (continued)       
Massachusetts Development Finance Agency       
(Harvard University Issue) Series A 5.00% 7/15/40  5,000,000  $  7,153,950 
Massachusetts Educational Financing Authority       
Series A 5.25% 1/1/28  495,000    495,500 
Massachusetts School Building Authority       
Series C 5.00% 8/15/37  10,000,000    11,714,800 
New York State Dormitory Authority Revenue       
(New York University) Series A 5.75% 7/1/27 (NATL)  10,000,000    11,871,200 
Newark, Texas Higher Education Finance       
(Village Tech Schools) Series A 5.125% 8/15/47  875,000    768,390 
Oregon State Facilities Authority Revenue       
(Metro East Web Academy Project)       
Series A 144A 5.00% 6/15/39 #  500,000    470,540 
Series A 144A 5.00% 6/15/49 #  500,000    451,760 
Pima County, Arizona Industrial Development Authority       
Education Revenue       
(Facility American Leadership Academy Project) 144A       
5.00% 6/15/47 #  655,000    578,090 
Utah State Charter School Finance Authority Revenue       
(Wallace Stegner Academy Project) Series A 144A       
5.00% 6/15/39 #  675,000    657,875 
Yonkers, New York Economic Development Corporation       
Education Revenue       
(Lamartine/Warburton LLC - Charter School of       
Educational Excellence Project)       
Series A 4.00% 10/15/29  230,000    231,042 
Series A 5.00% 10/15/39  420,000    429,261 
      47,838,437 
Electric Revenue Bonds - 5.15%       
Houston, Texas Combined Utility System Revenue       
(First Lien) Series B 5.00% 11/15/33  3,000,000    3,405,990 
Piedmont Municipal Power Agency, South Carolina       
Series D 5.75% 1/1/34 (AGC)  5,000,000    5,246,350 
Salt River, Arizona Project Agricultural Improvement &       
Power District Electric Systems Revenue       
Series A 5.00% 1/1/38  5,000,000    6,022,800 
Utility Debt Securitization Authority, New York       
(Restructuring Bonds) 5.00% 12/15/37  10,000,000    11,736,200 
      26,411,340 
Healthcare Revenue Bonds - 5.35%       
California Health Facilities Financing Authority Revenue       
(Kaiser Permanente) Series A-2 5.00% 11/1/47  1,600,000    2,514,976 

 

NQ-FI9 [3/20] 5/20 (1178088) 3

 

Schedule of investments

Delaware Tax-Exempt Income Fund (Unaudited)

  Principal amount°    Value (US $) 
Municipal Bonds (continued)       
Healthcare Revenue Bonds (continued)       
Capital Trust Agency, Florida       
(Sarasota-Manatee Jewish Housing Council, Inc.       
Project) 144A 5.00% 7/1/46 #  875,000  $  816,830 
(Tuscan Gardens Palm Coast Project) Series A 144A       
7.00% 10/1/49 #  350,000    275,079 
Collier County, Florida Industrial Development Authority       
Revenue       
(The Arlington of Naples Project) Series A 144A       
8.125% 5/15/44 #‡  775,000    675,219 
Colorado Health Facilities Authority Revenue       
(Ralston Creek at Arvada Project) Series A       
5.25% 11/1/32  875,000    770,263 
Escambia County, Florida Health Facilities Authority       
Revenue       
(Baptist Health Care Corporation Obligated Group)       
Series A 4.00% 8/15/45  2,500,000    2,644,825 
Glendale, Arizona Industrial Development Authority       
Revenue       
(Glencroft Retirement Community Project)       
5.25% 11/15/46  875,000    838,661 
(The Terraces of Phoenix Project) 5.00% 7/1/48  875,000    814,931 
Idaho Health Facilities Authority Revenue       
(The Terraces of Boise Project) Series A 8.00% 10/1/44  775,000    800,157 
Illinois Finance Authority Revenue       
(Admiral at Lake Project) 5.50% 5/15/54  875,000    780,553 
King County, Washington Public Hospital District No. 4       
Series A 6.25% 12/1/45  875,000    927,115 
Lake County Port & Economic Development Authority,       
Ohio       
(Tapestry Wickliffe, LLC Project) Series A 144A       
6.75% 12/1/52 #  805,000    620,027 
Lancaster County, Philadelphia Hospital Authority Revenue       
(St. Anne’s Retirement Community Project)       
5.00% 4/1/27  1,425,000    1,449,083 
Lee County, Florida Industrial Development Authority       
(The Preserve Project) Series A 144A 5.75% 12/1/52 #  850,000    758,744 
Montgomery County, Ohio       
(Trousdale Foundation Properties) Series A 144A       
6.25% 4/1/49 #  445,000    266,902 
Nassau County, New York Industrial Development Agency       
(Amsterdam at Harborside) Series A 6.70% 1/1/49  875,000    728,350 

 

4 NQ-FI9 [3/20] 5/20 (1178088)

 

(Unaudited)

  Principal amount°    Value (US $) 
Municipal Bonds (continued)       
Healthcare Revenue Bonds (continued)       
Northampton County, Philadelphia Industrial Development       
Authority       
(Morningstar Senior Living Project) 5.00% 7/1/32  1,275,000  $  1,289,203 
Pennsylvania Economic Development Financing Authority       
First Mortgage Revenue       
(Tapestry Moon Senior Housing Project)       
Series A 144A 6.50% 12/1/38 #  1,000,000    929,580 
Series A 144A 6.75% 12/1/53 #  875,000    794,719 
Public Finance Authority, Wisconsin Airport Facilities       
Revenue       
(Vista Grande Villa Project) Series A 144A       
6.50% 7/1/50 #  825,000    530,285 
Seminole County, Florida Industrial Development Authority       
(Legacy Pointe at UCF Project)       
Series A 5.25% 11/15/39  2,710,000    2,249,137 
Series B 4.25% 11/15/26  2,940,000    2,643,383 
Tarrant County, Texas Cultural Education Facilities Finance       
Corporation Retirement Facility Revenue       
(C. C. Young Memorial Home Project) Series A       
6.375% 2/15/48  825,000    835,659 
(MRC Stevenson Oaks Project) Series A 144A       
10.00% 3/15/23 #  875,000    1,013,696 
Washington State Housing Finance Commission       
(Heron’s Key) Series A 144A 7.00% 7/1/45 #  800,000    827,472 
Woodloch Health Facilities Development, Missouri       
(Inspired Living at Missouri City Project) Series A 144A       
7.125% 12/1/51 #‡  800,000    614,560 
      27,409,409 
Lease Revenue Bonds - 2.35%       
Louisiana Local Government Environmental Facilities &       
Community Development Authority Revenue       
(Cameron Parish, Louisiana Gomesa Project) 144A       
5.65% 11/1/37 #  875,000    876,724 
New Jersey State Transportation Trust Fund Authority       
(Transportation System) Series A 5.00% 12/15/25  5,000,000    5,418,350 
New York City, New York Transitional Finance Authority       
Building Aid Revenue       
Series S-1 5.00% 7/15/31  5,000,000    5,764,000 
      12,059,074 
Local General Obligation Bonds - 2.62%       
Blue Lake Metropolitan District No. 3, Colorado       
Series A 5.25% 12/1/48  525,000    455,348 

 

NQ-FI9 [3/20] 5/20 (1178088) 5

 

Schedule of investments

Delaware Tax-Exempt Income Fund (Unaudited)

  Principal amount°    Value (US $) 
Municipal Bonds (continued)       
Local General Obligation Bonds (continued)       
Chicago, Illinois Board of Education       
Series A 5.00% 12/1/41  860,000  $  847,926 
Crowfoot Valley Ranch Metropolitan District No. 2,       
Colorado       
Series A 5.75% 12/1/48  1,000,000    931,100 
Denton Independent School District, Texas       
(School Building) Series A 5.00% 8/15/40 (PSF)  4,000,000    4,607,400 
New York City, New York       
Series F-1 5.00% 6/1/34  5,000,000    5,781,350 
South Maryland Creek Ranch Metropolitan District,       
Colorado       
Series A 5.625% 12/1/47  875,000    794,841 
      13,417,965 
Pre-Refunded/Escrowed to Maturity Bonds - 3.10%       
Manatee County, Florida School District       
Series A 5.625% 7/1/31-21 (AGM)§  5,000,000    5,282,600 
New Jersey State Turnpike Authority Turnpike Revenue       
Series A 5.00% 1/1/30-22§  5,000,000    5,439,750 
Pennsylvania Turnpike Commission Revenue       
Series C 5.00% 12/1/43-23§  4,555,000    5,184,091 
      15,906,441 
Special Tax Revenue Bonds - 21.78%       
Camden County, New Jersey Improvement Authority       
Revenue       
(County Capital Program) Series A 5.00% 1/15/40  5,000,000    5,731,750 
Central Puget Sound, Washington Regional Transit       
Authority       
(Green Bonds) Series S-1 5.00% 11/1/45  5,000,000    5,817,050 
Dallas, Texas Area Rapid Transit       
Series A 5.00% 12/1/34  5,000,000    5,799,600 
Denver Convention Center Hotel Authority, Colarado       
5.00% 12/1/26  1,230,000    1,292,582 
5.00% 12/1/29  295,000    306,346 
5.00% 12/1/31  440,000    449,909 
5.00% 12/1/32  880,000    897,653 
5.00% 12/1/34  735,000    747,039 
5.00% 12/1/35  590,000    598,720 
5.00% 12/1/36  440,000    445,262 
Georgia State Environmental Loan Acquisition       
(Local Government Loan) 5.125% 3/15/31  2,295,000    2,301,311 

 

6 NQ-FI9 [3/20] 5/20 (1178088)

 

(Unaudited)

  Principal amount°    Value (US $) 
Municipal Bonds (continued)       
Special Tax Revenue Bonds (continued)       
Juban Crossing Economic Development District, Louisiana       
(General Infrastructure Projects) Series C 144A       
7.00% 9/15/44 #  875,000  $  784,367 
Kansas City, Missouri Land Clearance Redevelopment       
Authority Revenue       
(Convention Centre Hotel Project - TIF Financing) Series       
B 144A 5.00% 2/1/50 #  725,000    732,910 
Louisiana Regional Transit Authority       
(Capital Appreciation) 3.233% 12/1/21 (NATL)^  3,305,000    3,128,414 
Metropolitan Transportation Authority Revenue, New York       
(Climate Bond Certified) Series B-2 5.00% 11/15/36  5,000,000    5,899,500 
New York City, New York Transitional Finance Authority       
Future Tax Secured       
Series B-1 5.00% 8/1/42  5,000,000    5,660,550 
Series D-1 5.00% 11/1/38  7,500,000    7,883,325 
Series E-1 5.00% 2/1/35  5,000,000    5,975,000 
New York State Dormitory Authority Revenue       
Series A 5.00% 3/15/31  5,000,000    5,783,450 
Series B 5.00% 3/15/35  5,000,000    5,318,600 
(General Purpose) Series D 5.00% 2/15/37  5,000,000    5,282,600 
New York State Urban Development Revenue       
(General Purpose) Series B 5.00% 3/15/35  10,000,000    11,691,400 
Orange County, California Local Transportation Authority       
5.00% 2/15/39  5,000,000    6,207,900 
Port Authority of Allegheny County, Pennsylvania       
5.00% 3/1/25  5,000,000    5,165,600 
Puerto Rico Sales Tax Financing Revenue       
(Capital Appreciation-Restructured) Series A-1       
5.579% 7/1/46 ^  10,365,000    2,463,450 
(Restructured)       
Series A-1 4.75% 7/1/53  5,015,000    4,734,962 
Series A-1 5.00% 7/1/58  1,330,000    1,296,684 
Series A-2 4.329% 7/1/40  10,001,000    9,211,821 
      111,607,755 
State General Obligation Bond - 12.70%       
California State       
5.00% 8/1/33  5,000,000    5,821,100 
5.00% 9/1/35  8,000,000    9,589,200 
(School Facilities) 5.00% 11/1/30  5,000,000    5,594,900 
(Various Purposes)       
5.00% 10/1/26  2,500,000    3,074,150 
5.25% 9/1/30  5,000,000    5,679,450 

 

NQ-FI9 [3/20] 5/20 (1178088) 7

 

Schedule of investments

Delaware Tax-Exempt Income Fund (Unaudited)

  Principal amount°    Value (US $) 
Municipal Bonds (continued)       
State General Obligation Bond (continued)       
Commonwealth of Massachusetts       
Series A 5.00% 7/1/37  5,000,000  $  5,840,500 
Commonwealth of Puerto Rico       
(General Obligation) Series A 8.00% 7/1/35 ‡  685,000    412,713 
(Public Improvement)       
Series A 5.00% 7/1/24 ‡  1,070,000    730,275 
Series A 5.25% 7/1/34 ‡  875,000    579,687 
(Unrefunded Balance - Public Improvement) Series B       
5.00% 7/1/35 ‡  730,000    498,225 
District of Columbia Revenue       
Series B 6.00% 6/1/21 (NATL)  5,000,000    5,285,500 
Series C 5.00% 6/1/34  10,000,000    11,429,400 
Illinois State       
(Rebuild Illinois Program) Series B 4.00% 11/1/34  4,545,000    4,291,889 
Oregon State       
(Article XI-Q State Projects) Series A 5.00% 5/1/44  5,000,000    6,258,000 
      65,084,989 
Transportation Revenue Bonds - 21.32%       
Atlanta, Georgia Department of Aviation       
Series C 5.25% 1/1/30 (AGM)  5,000,000    5,132,250 
Chicago, Illinois O’Hare International Airport Revenue       
(Senior Lien) Series A 5.00% 1/1/37 (AMT)  5,000,000    5,730,900 
Lee County, Florida Airport Revenue       
5.00% 10/1/33  4,305,000    4,909,939 
Miami-Dade County, Florida Aviation Revenue       
Series B 5.00% 10/1/37  5,700,000    6,323,694 
New Jersey State Turnpike Authority Turnpike Revenue       
Series A 5.00% 1/1/43  1,860,000    1,965,090 
Series E 5.00% 1/1/32  5,050,000    6,105,753 
New York State Thruway Authority       
Series J 5.00% 1/1/32  5,000,000    5,636,850 
Series K 5.00% 1/1/31  6,250,000    7,157,875 
Oklahoma State Turnpike Authority Revenue       
Series A 5.00% 1/1/42  5,000,000    5,837,350 
Pennsylvania Turnpike Commission Revenue       
Series B 5.00% 12/1/45  5,000,000    5,743,700 
Series C 5.00% 12/1/43  1,445,000    1,604,918 
Port Authority of New York & New Jersey       
5.00% 9/15/25 (AMT)  7,000,000    8,191,960 
5.00% 10/15/29 (AMT)  3,105,000    3,575,345 

 

8 NQ-FI9 [3/20] 5/20 (1178088)

 

(Unaudited)

    Principal amount°    Value (US $) 
  Municipal Bonds (continued)       
  Transportation Revenue Bonds (continued)       
  Port Beaumont Navigation District, Texas       
  (Allegiant Industrial Island Park Project) 144A       
  8.00% 2/1/39 (AMT)#  1,250,000  $  1,287,200 
  Salt Lake City, Utah Airport Revenue       
  (Senior Lien)       
  Series A 5.00% 7/1/36 (AMT)  10,000,000    11,536,200 
  Series A 5.00% 7/1/38 (AMT)  5,000,000    5,732,850 
  South Jersey Transportation Authority, New Jersey       
  Series A 5.00% 11/1/30 (AGM)  1,500,000    1,890,615 
  Superior City, Wisconsin       
  (Midwest Energy Resources Company Project) Series E       
  6.90% 8/1/21 (NATL)  12,000,000    12,871,680 
  Wayne County, Michigan Airport Authority       
  Series D 5.00% 12/1/45 (AGM)  6,300,000    7,108,101 
  Westchester County, New York Industrial Development       
  Agency       
  (Million Air Two LLC General Aviation Facilities Project)       
  Series A 144A 7.00% 6/1/46 (AMT)#  875,000    938,446 
        109,280,716 
  Water & Sewer Revenue Bonds - 7.88%       
  Atlanta, Georgia Water & Wastewater Revenue       
  5.00% 11/1/35  5,000,000    5,822,650 
  New York City, New York Municipal Water Finance       
  Authority Water & Sewer System Revenue       
  Series A 6.00% 6/15/21 (AGM)  22,000,000    23,300,420 
  Series EE 5.00% 6/15/39  5,000,000    5,853,350 
  Philadelphia, Pennsylvania Water & Wastewater Revenue       
  5.00% 11/1/28  5,000,000    5,405,050 
        40,381,470 
  Total Municipal Bonds (cost $486,443,316)      504,604,241 
 
  Total Value of Securities – 98.46%       
  (cost $486,443,316)      504,604,241 
  Receivables and Other Assets Net of Liabilities – 1.54%      7,901,793 
  Net Assets Applicable to 56,181,987 Shares Outstanding – 100.00%    $  512,506,034 
 
#  Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. 
  At March 31, 2020, the aggregate value of Rule 144A securities was $25,460,676, which represents 
  4.97% of the Fund’s net assets.       
§  Pre-refunded bonds. Municipal bonds that are generally backed or secured by US Treasury bonds. 
  For pre-refunded bonds, the stated maturity is followed by the year in which the bond will be 
  pre-refunded.       

 

NQ-FI9 [3/20] 5/20 (1178088) 9

 

Schedule of investments

Delaware Tax-Exempt Income Fund (Unaudited)

°  Principal amount shown is stated in USD unless noted that the security is denominated in another 
  currency. 
‡  Non-income producing security. Security is currently in default. 
^  Zero-coupon security. The rate shown is the effective yield at the time of purchase. 
Summary of abbreviations: 
AGC – Insured by Assured Guaranty Corporation 
AGM – Insured by Assured Guaranty Municipal Corporation 
AMT – Subject to Alternative Minimum Tax 
NATL – Insured by National Public Finance Guarantee Corporation 
PSF – Guaranteed by Permanent School Fund 
USD – US Dollar 

 

10 NQ-FI9 [3/20] 5/20 (1178088)