NPORT-EX 2 ADE0DEL033123.htm
Schedule of investments
Delaware Limited-Term Diversified Income Fund  March 31, 2023 (Unaudited)
    Principal
amount° 		Value (US $)
Agency Collateralized Mortgage Obligations — 1.37%
Fannie Mae Grantor Trust
Series 2001-T5 A2 6.972% 6/19/41 • 		      13,429 $     13,915
Freddie Mac REMIC
Series 5092 WG 1.00% 4/25/31 		   4,887,042    4,286,978
Freddie Mac Structured Agency Credit Risk REMIC Trust      
Series 2021-DNA3 M1 144A 5.31% (SOFR + 0.75%) 10/25/33 #, •      777,137      772,315
Series 2021-HQA1 M1 144A 5.26% (SOFR + 0.70%) 8/25/33 #, •       10,784       10,781
Series 2021-HQA2 M1 144A 5.26% (SOFR + 0.70%) 12/25/33 #, •      471,537      468,763
Freddie Mac Structured Pass Through Certificates      
Series T-30 A5 8.61% 12/25/30 ♦, ~        2,381        2,323
Series T-54 2A 6.50% 2/25/43 ♦          489          519
Series T-58 2A 6.50% 9/25/43 ♦      229,664     234,511
Total Agency Collateralized Mortgage Obligations
(cost $6,435,821) 		  5,790,105
Agency Commercial Mortgage-Backed Securities — 1.28%
Freddie Mac Multifamily Structured Pass Through
Certificates 		     
Series K729 A2 3.136% 10/25/24 ♦    2,000,000    1,948,964
Series K734 A1 3.139% 6/25/25 ♦    2,005,585    1,964,341
FREMF Mortgage Trust
Series 2017-K724 B 144A 3.498% 12/25/49 #, • 		   1,500,000   1,472,213
Total Agency Commercial Mortgage-Backed Securities
(cost $5,713,234) 		  5,385,518
Agency Mortgage-Backed Securities — 5.89%
Fannie Mae S.F. 15 yr      
2.00% 4/1/36    1,071,094      966,314
2.50% 8/1/35      854,300      794,870
2.50% 11/1/35    1,417,081    1,318,513
2.50% 7/1/36       29,125       27,063
4.50% 9/1/37       68,825       68,611
Fannie Mae S.F. 20 yr      
2.50% 7/1/41      530,285      473,033
4.00% 9/1/42      103,414       99,869
Fannie Mae S.F. 30 yr      
2.00% 12/1/50       79,039       65,651
2.00% 2/1/51      132,373     110,483
NQ-DE [3/23] 5/23 (2908775)    1
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      
2.50% 10/1/50      222,903 $    195,206
3.00% 11/1/49      129,976      118,790
3.50% 10/1/42      600,356      568,624
3.50% 7/1/47      108,106      103,133
3.50% 2/1/48      164,092      154,743
3.50% 11/1/48      218,376      205,935
3.50% 11/1/49      555,054      520,907
3.50% 3/1/50       26,294       24,836
3.50% 8/1/50       46,810       44,181
3.50% 9/1/50      599,761      566,805
3.50% 6/1/51      475,241      443,045
3.50% 1/1/52      195,739      181,902
4.00% 6/1/48      106,586      103,738
4.00% 10/1/48      726,981      713,699
4.00% 9/1/52      133,163      127,357
4.50% 2/1/44      762,924      764,124
4.50% 4/1/44      941,290      942,577
4.50% 9/1/49      744,748      742,332
4.50% 1/1/50    2,125,424    2,137,480
5.00% 7/1/47    2,983,651    3,047,057
5.00% 5/1/48      252,380      256,509
5.00% 8/1/49    1,097,406    1,117,169
5.00% 6/1/52      204,169      203,693
5.50% 5/1/44    1,978,947   2,049,431
6.00% 6/1/41      225,198      234,154
6.00% 7/1/41    2,057,812   2,150,079
6.00% 1/1/42      138,682      144,880
6.00% 12/1/52      187,042      191,093
Freddie Mac S.F. 15 yr      
3.00% 3/1/35      380,041      360,325
3.50% 1/1/29      618,015      602,079
Freddie Mac S.F. 20 yr
3.00% 9/1/40 		     221,132      206,689
Freddie Mac S.F. 30 yr      
3.00% 11/1/46      241,009      221,051
3.00% 8/1/50      154,675      140,969
3.50% 3/1/47       71,714       68,267
4.00% 5/1/46       84,488       82,460
4.00% 4/1/52      201,069      192,303
4.50% 8/1/48      497,746      496,600
4.50% 4/1/49      115,499      115,246
2    NQ-DE [3/23] 5/23 (2908775)
(Unaudited)
    Principal
amount° 		Value (US $)
Agency Mortgage-Backed Securities (continued)
Freddie Mac S.F. 30 yr      
4.50% 5/1/49      288,305 $    287,183
6.00% 5/1/39       15,205      15,992
Total Agency Mortgage-Backed Securities
(cost $27,428,125) 		 24,767,050
Agency Obligation — 0.49%
Federal Home Loan Mortgage
5.82% 3/20/25 		   2,055,000   2,060,199
Total Agency Obligation
(cost $2,055,000) 		  2,060,199
Collateralized Debt Obligations — 8.62%
Ballyrock CLO
Series 2018-1A A1 144A 5.808% (LIBOR03M + 1.00%) 4/20/31 #, • 		   2,750,000    2,706,443
Benefit Street Partners CLO IX
Series 2016-9A AR 144A 5.918% (LIBOR03M + 1.11%) 7/20/31 #, • 		     500,000      494,763
Canyon Capital CLO
Series 2019-2A AR 144A 5.972% (LIBOR03M + 1.18%, Floor 1.18%) 10/15/34 #, • 		   2,800,000    2,731,296
Carlyle Global Market Strategies CLO
Series 2014-2RA A1 144A 5.914% (LIBOR03M + 1.05%) 5/15/31 #, • 		     985,636      972,963
CBAM
Series 2020-13A A 144A 6.238% (LIBOR03M + 1.43%, Floor 1.43%) 1/20/34 #, • 		   3,000,000    2,955,486
Cedar Funding IX CLO
Series 2018-9A A1 144A 5.788% (LIBOR03M + 0.98%, Floor 0.98%) 4/20/31 #, • 		   1,500,000    1,483,995
CIFC Funding
Series 2013-4A A1RR 144A 5.875% (LIBOR03M + 1.06%, Floor 1.06%) 4/27/31 #, • 		   2,900,000    2,849,958
Dryden 83 CLO
Series 2020-83A A 144A 6.015% (LIBOR03M + 1.22%, Floor 1.22%) 1/18/32 #, • 		   3,100,000    3,050,298
Galaxy XXI CLO
Series 2015-21A AR 144A 5.828% (LIBOR03M + 1.02%) 4/20/31 #, • 		   1,500,000    1,472,918
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Schedule of investments
Delaware Limited-Term Diversified Income Fund   (Unaudited)
    Principal
amount° 		Value (US $)
Collateralized Debt Obligations (continued)
KKR CLO 32
Series 32A A1 144A 6.112% (LIBOR03M + 1.32%, Floor 1.32%) 1/15/32 #, • 		   1,700,000 $  1,686,495
LCM XVIII
Series 18A A1R 144A 5.828% (LIBOR03M + 1.02%) 4/20/31 #, • 		   2,200,000    2,166,914
Octagon Investment Partners 33
Series 2017-1A A1 144A 5.998% (LIBOR03M + 1.19%) 1/20/31 #, • 		   2,650,000    2,630,530
Octagon Investment Partners 48
Series 2020-3A AR 144A 5.958% (LIBOR03M + 1.15%, Floor 1.15%) 10/20/34 #, • 		   2,900,000    2,837,554
Sound Point CLO XXI
Series 2018-3A A1A 144A 6.002% (LIBOR03M + 1.18%, Floor 1.18%) 10/26/31 #, • 		   3,200,000    3,138,330
TRESTLES CLO V
Series 2021-5A A1 144A 5.978% (LIBOR03M + 1.17%, Floor 1.17%) 10/20/34 #, • 		   2,500,000    2,431,685
Venture 34 CLO
Series 2018-34A A 144A 6.022% (LIBOR03M + 1.23%, Floor 1.23%) 10/15/31 #, • 		     700,000      689,877
Zais CLO 16
Series 2020-16A A1R 144A 6.228% (LIBOR03M + 1.42%, Floor 1.42%) 10/20/34 #, • 		   2,000,000   1,960,256
Total Collateralized Debt Obligations
(cost $36,698,463) 		 36,259,761
Corporate Bonds — 53.20%
Banking — 15.40%
Ally Financial 5.75% 11/20/25       771,000      725,947
Banco Bradesco 144A 4.375% 3/18/27 #      200,000      189,428
Banco Continental 144A 2.75% 12/10/25 #      585,000      519,849
Banco de Bogota 144A 4.375% 8/3/27 #      200,000      178,347
Banco de Credito del Peru 144A 2.70% 1/11/25 #      200,000      191,090
Banco de Credito e Inversiones 144A 3.50% 10/12/27 #      300,000      273,525
Banco Internacional del Peru 144A 3.25% 10/4/26 #      200,000      182,356
Banco Santander Mexico 144A 5.95% 10/1/28 #, μ      200,000      195,796
Bancolombia 3.00% 1/29/25       215,000      202,457
Bank Leumi Le-Israel 144A 5.125% 7/27/27 #      200,000      196,010
Bank of America      
1.843% 2/4/25 μ    3,125,000    3,033,090
3.458% 3/15/25 μ    4,345,000    4,255,219
4.10% 7/24/23       340,000      338,556
4    NQ-DE [3/23] 5/23 (2908775)
(Unaudited)
    Principal
amount° 		Value (US $)
Corporate Bonds (continued)
Banking (continued)
Bank of America      
6.204% 11/10/28 μ       75,000 $     78,471
Bank of China 144A 5.00% 11/13/24 #      200,000      198,633
Bank of New York Mellon 5.802% 10/25/28 μ      800,000      834,154
Barclays 7.385% 11/2/28 μ      245,000      259,907
BBVA Bancomer 144A 1.875% 9/18/25 #      425,000      388,240
CIMB Bank 144A 2.125% 7/20/27 #      200,000      181,841
Citigroup      
1.281% 11/3/25 μ    1,960,000    1,832,284
2.014% 1/25/26 μ    1,600,000    1,507,690
4.044% 6/1/24 μ    2,430,000    2,421,942
5.61% 9/29/26 μ      240,000      241,952
Citizens Bank      
4.119% 5/23/25 μ    2,065,000    1,950,476
6.064% 10/24/25 μ      750,000      706,244
Credit Agricole      
144A 1.907% 6/16/26 #, μ      650,000      597,252
144A 5.301% 7/12/28 #      325,000      329,728
Credit Suisse 7.95% 1/9/25       250,000      254,440
Deutsche Bank 6.72% 1/18/29 μ      395,000      392,558
Emirates NBD Bank 2.625% 2/18/25       200,000      190,406
Fifth Third Bank 5.852% 10/27/25 μ    1,225,000    1,208,309
Goldman Sachs Group      
0.925% 10/21/24 μ    3,535,000    3,440,447
1.542% 9/10/27 μ      179,000      157,616
5.612% (SOFR + 0.81%) 3/9/27 •    4,905,000    4,749,110
Huntington National Bank      
4.008% 5/16/25 μ    1,160,000    1,111,467
5.65% 1/10/30       290,000      278,126
ICICI Bank 144A 4.00% 3/18/26 #      200,000      193,270
JPMorgan Chase & Co.      
4.023% 12/5/24 μ    7,650,000    7,577,571
5.506% (SOFR + 0.885%) 4/22/27 •      955,000      942,686
KeyBank      
4.15% 8/8/25     1,140,000    1,078,851
5.85% 11/15/27       180,000      177,150
KeyCorp 3.878% 5/23/25 μ      985,000      949,955
Morgan Stanley      
6.138% 10/16/26 μ    4,295,000    4,379,896
6.296% 10/18/28 μ      547,000      575,669
NQ-DE [3/23] 5/23 (2908775)    5
Schedule of investments
Delaware Limited-Term Diversified Income Fund   (Unaudited)
    Principal
amount° 		Value (US $)
Corporate Bonds (continued)
Banking (continued)
NBK SPC 144A 1.625% 9/15/27 #, μ      200,000 $    178,068
Oversea-Chinese Banking 144A 4.25% 6/19/24 #      200,000      197,989
PNC Financial Services Group 5.671% 10/28/25 μ      440,000      440,546
Popular      
6.125% 9/14/23       523,000      515,626
7.25% 3/13/28       280,000      277,267
QNB Finance      
2.625% 5/12/25       250,000      238,097
3.50% 3/28/24       380,000      373,867
Shinhan Bank 3.875% 3/24/26       300,000      285,669
State Street      
1.684% 11/18/27 μ      660,000      588,794
5.751% 11/4/26 μ       95,000       96,891
5.82% 11/4/28 μ       70,000       73,076
Toronto-Dominion Bank 5.141% (SOFR + 0.355%) 3/4/24 •    3,960,000    3,937,988
Truist Bank 2.636% 9/17/29 μ    2,480,000    2,329,822
US Bancorp      
4.653% 2/1/29 μ      239,000      233,799
5.727% 10/21/26 μ      310,000      311,631
US Bank 3.40% 7/24/23     1,630,000    1,619,778
Wells Fargo & Co. 3.908% 4/25/26 μ    3,515,000   3,414,304
   64,781,223
Basic Industry — 1.64%
Avient 144A 5.75% 5/15/25 #    1,540,000    1,525,273
Celanese US Holdings      
6.05% 3/15/25       215,000      216,384
6.165% 7/15/27       700,000      704,987
First Quantum Minerals 144A 7.50% 4/1/25 #    1,085,000    1,085,195
Gold Fields Orogen Holdings BVI 144A 5.125% 5/15/24 #      250,000      249,184
Inversiones CMPC 144A 4.75% 9/15/24 #      380,000      374,775
MEGlobal Canada 144A 5.00% 5/18/25 #      200,000      198,218
Nutrien      
4.90% 3/27/28       155,000      155,071
5.95% 11/7/25     1,210,000    1,245,119
OCP 144A 4.50% 10/22/25 #      200,000      194,456
Sasol Financing USA 4.375% 9/18/26       200,000      181,014
Sociedad Quimica y Minera de Chile 144A 3.625% 4/3/23 #      200,000      200,000
Stillwater Mining 144A 4.00% 11/16/26 #      200,000      179,240
6    NQ-DE [3/23] 5/23 (2908775)
(Unaudited)
    Principal
amount° 		Value (US $)
Corporate Bonds (continued)
Basic Industry (continued)
Suzano Austria 144A 5.75% 7/14/26 #      200,000 $    200,340
Vale Overseas 6.25% 8/10/26       200,000     205,340
    6,914,596
Basic Materials — 0.05%
Freeport Indonesia 144A 4.763% 4/14/27 #      200,000     195,583
      195,583
Brokerage — 0.14%
SURA Asset Management 144A 4.875% 4/17/24 #      620,000     608,177
      608,177
Capital Goods — 3.18%
Cemex 144A 7.375% 6/5/27 #      200,000      207,080
Mauser Packaging Solutions Holding 144A 7.875% 8/15/26 #    1,960,000    1,961,774
Parker-Hannifin      
3.65% 6/15/24     1,950,000    1,921,303
4.25% 9/15/27     1,435,000    1,409,072
Teledyne Technologies 0.95% 4/1/24     5,745,000    5,508,263
TransDigm 144A 8.00% 12/15/25 #    1,232,000    1,255,870
Turkiye Sise ve Cam Fabrikalari 144A 6.95% 3/14/26 #      200,000      196,774
WESCO Distribution 144A 7.125% 6/15/25 #      886,000     901,434
   13,361,570
Communications — 2.70%
AMC Networks 5.00% 4/1/24       610,000      602,344
Charter Communications Operating 4.908% 7/23/25     1,515,000    1,500,492
Clear Channel International 144A 6.625% 8/1/25 #      675,000      657,438
Crown Castle 1.05% 7/15/26     1,750,000    1,543,030
IHS Holding 144A 5.625% 11/29/26 #      200,000      168,960
Sirius XM Radio 144A 3.125% 9/1/26 #      250,000      225,764
Sprint Spectrum 144A 4.738% 9/20/29 #      225,000      223,377
T-Mobile USA 3.75% 4/15/27       510,000      490,575
Turk Telekomunikasyon 144A 4.875% 6/19/24 #      200,000      191,930
Verizon Communications 0.75% 3/22/24     3,135,000    3,007,456
Warnermedia Holdings      
144A 3.638% 3/15/25 #    2,290,000    2,213,540
6.412% 3/15/26       520,000     522,783
   11,347,689
NQ-DE [3/23] 5/23 (2908775)    7
Schedule of investments
Delaware Limited-Term Diversified Income Fund   (Unaudited)
    Principal
amount° 		Value (US $)
Corporate Bonds (continued)
Consumer Cyclical — 2.15%
Alsea 144A 7.75% 12/14/26 #      200,000 $    195,541
Aptiv 2.396% 2/18/25     1,320,000    1,258,101
Carnival 144A 7.625% 3/1/26 #      662,000      604,724
Ford Motor Credit      
2.30% 2/10/25       200,000      185,644
3.375% 11/13/25     1,635,000    1,534,635
IRB Holding 144A 7.00% 6/15/25 #      177,000      177,712
JD.com 3.875% 4/29/26       430,000      416,851
Kia      
144A 1.00% 4/16/24 #      250,000      239,522
144A 2.375% 2/14/25 #      200,000      190,015
MGM Resorts International 5.75% 6/15/25     2,300,000    2,296,613
Prime Security Services Borrower 144A 5.25% 4/15/24 #    1,008,000      998,021
Sands China 4.30% 1/8/26       200,000      187,957
VICI Properties 4.95% 2/15/30       830,000     779,683
    9,065,019
Consumer Non-Cyclical — 4.26%
AbbVie      
2.60% 11/21/24     3,625,000    3,499,864
3.75% 11/14/23       340,000      336,758
Amgen 5.15% 3/2/28     2,175,000    2,221,880
Astrazeneca Finance 4.875% 3/3/28       475,000      488,966
Cigna Group 5.685% 3/15/26       830,000      835,412
DP World Crescent 144A 3.908% 5/31/23 #      615,000      613,533
Eli Lilly & Co. 5.00% 2/27/26       365,000      368,392
GE HealthCare Technologies      
144A 5.60% 11/15/25 #      250,000      253,164
144A 5.65% 11/15/27 #      250,000      258,548
Gilead Sciences 3.70% 4/1/24     1,615,000    1,596,477
InRetail Consumer 144A 3.25% 3/22/28 #      200,000      173,143
Medtronic Global Holdings SCA 4.25% 3/30/28       755,000      754,076
Mondelez International 1.50% 5/4/25     1,210,000    1,133,080
Royalty Pharma 1.20% 9/2/25     3,690,000    3,347,469
Takeda Pharmaceutical 4.40% 11/26/23       638,000      635,716
Tenet Healthcare 4.875% 1/1/26     1,025,000    1,005,991
Teva Pharmaceutical Finance Netherlands III 4.75% 5/9/27       250,000      233,669
Zoetis 5.40% 11/14/25       145,000     147,525
   17,903,663
8    NQ-DE [3/23] 5/23 (2908775)
(Unaudited)
    Principal
amount° 		Value (US $)
Corporate Bonds (continued)
Electric — 6.05%
Avangrid 3.20% 4/15/25       885,000 $    847,669
CenterPoint Energy 5.373% (SOFR + 0.65%) 5/13/24 •    3,175,000    3,146,424
Colbun 144A 3.95% 10/11/27 #      200,000      187,150
Duke Energy 4.875% 9/16/24 μ, ψ      790,000      760,059
Duke Energy Carolinas 3.95% 11/15/28       855,000      839,295
Enel Finance International 144A 4.25% 6/15/25 #      400,000      391,998
Entergy Louisiana 4.05% 9/1/23     2,030,000    2,017,380
Metropolitan Edison 144A 5.20% 4/1/28 #    1,255,000    1,268,600
National Rural Utilities Cooperative Finance      
1.875% 2/7/25     1,720,000    1,632,203
4.45% 3/13/26       750,000      749,198
4.80% 3/15/28       575,000      581,008
NextEra Energy Capital Holdings 6.051% 3/1/25       545,000      554,712
NRG Energy 144A 3.75% 6/15/24 #    2,535,000    2,460,373
Southern California Edison 1.10% 4/1/24     4,155,000    3,996,057
Vistra Operations      
144A 3.55% 7/15/24 #    2,825,000    2,728,966
144A 5.125% 5/13/25 #      510,000      497,610
WEC Energy Group 0.80% 3/15/24     2,895,000   2,773,067
   25,431,769
Energy — 3.79%
ConocoPhillips 2.40% 3/7/25     1,360,000    1,306,202
Devon Energy 5.25% 9/15/24       853,000      855,507
Enbridge      
0.55% 10/4/23       735,000      715,837
2.50% 2/14/25     1,040,000      996,485
Energean Israel Finance 144A 4.875% 3/30/26 #      200,000      185,750
Energy Transfer 5.55% 2/15/28     1,740,000    1,768,588
KazMunayGas National 144A 4.75% 4/19/27 #      200,000      184,318
MPLX 4.875% 12/1/24     1,955,000    1,943,670
Murphy Oil 5.75% 8/15/25       689,000      682,942
NuStar Logistics 5.75% 10/1/25     1,077,000    1,048,680
Occidental Petroleum 5.50% 12/1/25     1,247,000    1,246,715
ONEOK 7.50% 9/1/23     2,985,000    2,995,659
Pertamina Persero 144A 1.40% 2/9/26 #      200,000      183,101
Petroleos Mexicanos 4.625% 9/21/23       130,000      129,041
QatarEnergy Trading 144A 1.375% 9/12/26 #      200,000      180,801
Saudi Arabian Oil 144A 1.625% 11/24/25 #      405,000      375,581
Southwestern Energy 5.70% 1/23/25       188,000      188,281
Targa Resources Partners 5.00% 1/15/28       810,000      783,975
NQ-DE [3/23] 5/23 (2908775)    9
Schedule of investments
Delaware Limited-Term Diversified Income Fund   (Unaudited)
    Principal
amount° 		Value (US $)
Corporate Bonds (continued)
Energy (continued)
Tengizchevroil Finance Co International 144A 2.625% 8/15/25 #      200,000 $    179,252
   15,950,385
Finance Companies — 3.38%
AerCap Ireland Capital DAC      
1.65% 10/29/24       680,000      636,552
3.15% 2/15/24     3,905,000    3,787,766
Air Lease      
0.80% 8/18/24     1,755,000    1,637,790
2.875% 1/15/26       875,000      816,452
3.00% 9/15/23     1,225,000    1,209,165
5.85% 12/15/27       245,000      246,508
Aviation Capital Group 144A 1.95% 1/30/26 #    2,940,000    2,617,083
BOC Aviation USA 144A 1.625% 4/29/24 #      200,000      191,927
DAE Sukuk DIFC 144A 3.75% 2/15/26 #      200,000      192,165
USAA Capital 144A 1.50% 5/1/23 #    2,900,000   2,891,851
   14,227,259
Industrials — 0.04%
Bidvest Group UK 144A 3.625% 9/23/26 #      200,000     181,684
      181,684
Insurance — 4.73%
Athene Global Funding      
144A 1.00% 4/16/24 #    2,535,000    2,389,544
144A 5.459% (SOFR + 0.70%) 5/24/24 #, •    2,055,000    2,023,173
Brighthouse Financial Global Funding      
144A 1.00% 4/12/24 #    2,145,000    2,049,858
144A 5.326% (SOFR + 0.76%) 4/12/24 #, •    1,745,000    1,723,509
Equitable Financial Life Global Funding 144A 0.80% 8/12/24 #      765,000      721,342
Equitable Holdings 3.90% 4/20/23     1,355,000    1,353,124
GA Global Funding Trust 144A 1.00% 4/8/24 #    4,115,000    3,923,431
Humana 5.75% 3/1/28       183,000      190,194
Met Tower Global Funding 144A 3.70% 6/13/25 #    2,280,000    2,224,449
UnitedHealth Group 4.25% 1/15/29     2,150,000    2,135,347
USI 144A 6.875% 5/1/25 #    1,194,000   1,177,332
   19,911,303
10    NQ-DE [3/23] 5/23 (2908775)
(Unaudited)
    Principal
amount° 		Value (US $)
Corporate Bonds (continued)
Natural Gas — 0.40%
ENN Energy Holdings 144A 4.625% 5/17/27 #      250,000 $    247,470
Sempra Energy 3.30% 4/1/25     1,475,000   1,428,481
    1,675,951
Real Estate Investment Trusts — 0.23%
HAT Holdings I 144A 6.00% 4/15/25 #      821,000      789,601
Trust Fibra UNO 144A 5.25% 1/30/26 #      200,000     189,352
      978,953
Technology — 3.08%
Baidu 1.72% 4/9/26       200,000      180,929
Microchip Technology 4.333% 6/1/23       615,000      612,782
Micron Technology 6.75% 11/1/29       111,000      117,973
NXP 2.70% 5/1/25       100,000       94,959
Oracle 5.80% 11/10/25     1,000,000    1,025,427
Roper Technologies 2.35% 9/15/24     4,345,000    4,184,748
S&P Global 2.45% 3/1/27       945,000      886,863
Sensata Technologies      
144A 5.00% 10/1/25 #    1,800,000    1,788,660
144A 5.625% 11/1/24 #      465,000      464,070
SK Hynix 144A 1.50% 1/19/26 #      300,000      266,709
Skyworks Solutions 0.90% 6/1/23     2,885,000    2,860,904
Tencent Holdings 144A 3.28% 4/11/24 #      200,000      196,500
TSMC Arizona 3.875% 4/22/27       200,000      196,558
Workday 3.50% 4/1/27        65,000      62,233
   12,939,315
Transportation — 1.98%
Adani Ports & Special Economic Zone 144A 3.375% 7/24/24 #      235,000      217,728
American Airlines 144A 5.50% 4/20/26 #      228,666      225,314
Canadian Pacific Railway 1.35% 12/2/24     2,295,000    2,163,247
DAE Funding 144A 1.55% 8/1/24 #      200,000      188,207
Delta Air Lines      
144A 7.00% 5/1/25 #    2,041,000    2,093,906
7.375% 1/15/26       476,000      495,773
Georgian Railway JSC 4.00% 6/17/28       200,000      172,408
Mileage Plus Holdings 144A 6.50% 6/20/27 #      960,500      958,353
Misc Capital Two Labuan 144A 3.75% 4/6/27 #      200,000      189,253
Penske Truck Leasing 144A 4.40% 7/1/27 #      905,000      868,962
Spirit Loyalty Cayman 144A 8.00% 9/20/25 #      581,999      583,992
NQ-DE [3/23] 5/23 (2908775)    11
Schedule of investments
Delaware Limited-Term Diversified Income Fund   (Unaudited)
    Principal
amount° 		Value (US $)
Corporate Bonds (continued)
Transportation (continued)
United Airlines 144A 4.375% 4/15/26 #      175,000 $    167,629
    8,324,772
Total Corporate Bonds
(cost $233,747,407) 		223,798,911
Non-Agency Asset-Backed Securities — 12.09%
American Express Credit Account Master Trust
Series 2022-3 A 3.75% 8/15/27 		   4,000,000    3,928,866
Avis Budget Rental Car Funding AESOP
Series 2019-2A A 144A 3.35% 9/22/25 # 		     830,000      807,363
BMW Vehicle Lease Trust
Series 2022-1 A3 1.10% 3/25/25 		   3,200,000    3,120,106
Dell Equipment Finance Trust
Series 2021-2 A2 144A 0.33% 12/22/26 # 		     318,602      317,149
Discover Card Execution Note Trust
Series 2022-A4 A 5.03% 10/15/27 		   4,300,000    4,355,629
Enterprise Fleet Financing
Series 2022-2 A2 144A 4.65% 5/21/29 # 		   1,168,568    1,156,410
Ford Credit Auto Owner Trust      
Series 2021-A B 0.70% 10/15/26      180,000      166,041
Series 2022-A B 1.91% 7/15/27    1,665,000    1,545,002
Ford Credit Floorplan Master Owner Trust A
Series 2020-1 A1
0.70% 9/15/25 		   5,330,000    5,217,409
GM Financial Automobile Leasing Trust      
Series 2021-1 B 0.54% 2/20/25      270,000      265,611
Series 2021-2 A4 0.41% 5/20/25    2,073,000    2,022,994
Series 2022-1 B 2.23% 2/20/26    2,150,000    2,057,603
GMF Floorplan Owner Revolving Trust
Series 2020-1 A 144A 0.68% 8/15/25 # 		   1,375,000    1,351,329
Hyundai Auto Lease Securitization Trust      
Series 2021-A B 144A 0.61% 10/15/25 #    4,100,000    4,041,763
Series 2023-A A3 144A 5.05% 1/15/26 #    2,000,000    2,002,000
JPMorgan Chase Bank
Series 2020-2 B 144A 0.84% 2/25/28 # 		     456,293      447,146
Tesla Auto Lease Trust
Series 2021-A B 144A 1.02% 3/20/25 # 		   4,725,000    4,580,160
Toyota Lease Owner Trust
Series 2021-B A3 144A 0.42% 10/21/24 # 		   2,426,896    2,382,420
12    NQ-DE [3/23] 5/23 (2908775)
(Unaudited)
    Principal
amount° 		Value (US $)
Non-Agency Asset-Backed Securities (continued)
Trafigura Securitisation Finance
Series 2021-1A A2 144A 1.08% 1/15/25 # 		   3,850,000 $  3,520,944
UNIFY Auto Receivables Trust
Series 2021-1A A3 144A 0.51% 6/16/25 # 		     124,699      123,817
Verizon Master Trust      
Series 2022-2 A 1.53% 7/20/28    3,707,000    3,497,137
Series 2022-2 B 1.83% 7/20/28    1,665,000    1,569,052
Verizon Owner Trust
Series 2020-C A 0.41% 4/21/25 		     469,255      462,542
Volkswagen Auto Lease Trust
Series 2022-A A3 3.44% 7/21/25 		   1,950,000   1,911,338
Total Non-Agency Asset-Backed Securities
(cost $51,776,596) 		 50,849,831
Sovereign Bonds — 0.22%Δ
Croatia — 0.05%
Croatia Government International Bond
144A 5.50% 4/4/23 # 		     200,000     200,000
      200,000
Hong Kong — 0.04%
Airport Authority
144A 1.75% 1/12/27 # 		     200,000     183,299
      183,299
Philippines — 0.04%
Philippine Government International Bond
3.229% 3/29/27  		     200,000     190,956
      190,956
Turkey — 0.04%
Turkiye Ihracat Kredi Bankasi
144A 5.75% 7/6/26 # 		     200,000     182,963
      182,963
Uzbekistan — 0.05%
Republic of Uzbekistan International Bonds
144A 4.75% 2/20/24 # 		     200,000     197,084
      197,084
Total Sovereign Bonds
(cost $1,013,011) 		    954,302
NQ-DE [3/23] 5/23 (2908775)    13
Schedule of investments
Delaware Limited-Term Diversified Income Fund   (Unaudited)
    Principal
amount° 		Value (US $)
US Treasury Obligations — 15.85%
US Treasury Notes      
0.375% 9/15/24      395,000 $    373,306
3.625% 3/31/28    7,450,000    7,462,805
3.625% 3/31/30      110,000      110,533
3.875% 1/15/26    5,995,000    5,997,576
4.00% 2/15/26    5,545,000    5,568,609
4.25% 10/15/25   31,535,000   31,785,063
4.625% 3/15/26   15,035,000  15,378,574
Total US Treasury Obligations
(cost $66,084,681) 		 66,676,466
    Number of
shares 		 
Short-Term Investments — 2.21%
Money Market Mutual Funds — 2.21%
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.72%)    2,319,365    2,319,365
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.72%)    2,319,365    2,319,365
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 4.84%)    2,319,365    2,319,365
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 4.73%)    2,319,365   2,319,365
Total Short-Term Investments
(cost $9,277,460) 		  9,277,460
Total Value of Securities—101.22%
(cost $440,229,798) 		    425,819,603
Liabilities Net of Receivables and Other Assets—(1.22%)*      (5,124,412)
Net Assets Applicable to 54,254,986 Shares Outstanding—100.00%     $420,695,191
° Principal amount shown is stated in USD unless noted that the security is denominated in another currency.
14    NQ-DE [3/23] 5/23 (2908775)
(Unaudited)
• Variable rate investment. Rates reset periodically. Rate shown reflects the rate in effect at March 31, 2023. For securities based on a published reference rate and spread, the reference rate and spread are indicated in their descriptions. The reference rate descriptions (i.e. LIBOR03M, LIBOR06M, etc.) used in this report are identical for different securities, but the underlying reference rates may differ due to the timing of the reset period. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions, or for mortgage-backed securities, are impacted by the individual mortgages which are paying off over time. These securities do not indicate a reference rate and spread in their descriptions.
# Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At March 31, 2023, the aggregate value of Rule 144A securities was $122,153,961, which represents 29.04% 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.
~ Step-up bond that pays an initial coupon rate for the first period and then a higher coupon rate for the following periods. Stated rate in effect at March 31, 2023.
μ Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at March 31, 2023. Rate will reset at a future date.
ψ Perpetual security. Maturity date represents next call date.
Δ Securities have been classified by country of risk.
* Of this amount, $428,670 represents cash collateral posted for futures contracts.
The following futures contracts were outstanding at March 31, 2023:
Futures Contracts
Exchange-Traded
Contracts to Buy (Sell)   Notional
Amount 		  Notional
Cost
(Proceeds) 		  Expiration
Date 		  Value/
Unrealized
Appreciation 		  Value/
Unrealized
Depreciation 		  Variation
Margin
Due from
(Due to)
Brokers
278 US Treasury 2 yr Notes   $57,393,969   $56,764,444   6/30/23   $629,525   $—   $39,094
(30) US Treasury 5 yr Notes   (3,285,235)   (3,217,429)   6/30/23   —   (67,806)   (6,797)
Total Futures Contracts   $53,547,015       $629,525   $(67,806)   $32,297
The use of futures contracts involves elements of market risk and risks in excess of the amounts disclosed in the schedule of investments. The notional amounts presented above represent the
NQ-DE [3/23] 5/23 (2908775)    15
Schedule of investments
Delaware Limited-Term Diversified Income Fund   (Unaudited)
Fund's total exposure in such contracts, whereas only the variation margin is reflected in the Fund's net assets.
Summary of abbreviations:
CLO – Collateralized Loan Obligation
DAC – Designated Activity Company
DIFC – Dubai International Financial Centre
FREMF – Freddie Mac Multifamily
ICE – Intercontinental Exchange, Inc.
JSC – Joint Stock Company
LIBOR – London Interbank Offered Rate
LIBOR03M – ICE LIBOR USD 3 Month
LIBOR06M – ICE LIBOR USD 6 Month
REMIC – Real Estate Mortgage Investment Conduit
S&P – Standard & Poor’s Financial Services LLC
S.F. – Single Family
SOFR – Secured Overnight Financing Rate
USD – US Dollar
yr – Year
16    NQ-DE [3/23] 5/23 (2908775)