NPORT-EX 2 ADE0_DEL9.30.23.htm
Schedule of investments
Delaware Limited-Term Diversified Income Fund  September 30, 2023 (Unaudited)
    Principal
amount° 		Value (US $)
Agency Collateralized Mortgage Obligations — 1.42%
Fannie Mae Grantor Trust
Series 2001-T5 A2 7.00% 6/19/41 • 		      12,611 $     12,844
Freddie Mac REMIC
Series 5092 WG 1.00% 4/25/31 		   4,423,487    3,796,107
Freddie Mac Structured Agency Credit Risk REMIC Trust      
Series 2021-DNA3 M1 144A 6.065% (SOFR + 0.75%) 10/25/33 #, •      458,395      456,269
Series 2021-HQA2 M1 144A 6.015% (SOFR + 0.70%) 12/25/33 #, •      187,844      187,210
Freddie Mac Structured Pass Through Certificates      
Series T-30 A5 8.61% 12/25/30 ♦, ~        2,299        2,161
Series T-54 2A 6.50% 2/25/43 ♦          473          471
Series T-58 2A 6.50% 9/25/43 ♦      218,796      217,191
GNMA      
Series 2012-39 PA 2.00% 3/16/42    1,439,755    1,293,818
Series 2015-151 KC 3.50% 4/20/34      624,885      593,084
Verus Securitization Trust
Series 2023-6 A1 144A 6.665% 9/25/68 #, ~ 		   5,100,000   5,090,646
Total Agency Collateralized Mortgage Obligations
(cost $12,524,486) 		 11,649,801
Agency Commercial Mortgage-Backed Securities — 4.03%
Freddie Mac Multifamily Structured Pass Through
Certificates 		     
Series K729 A2 3.136% 10/25/24 ♦    2,000,000    1,949,392
Series K734 A1 3.139% 6/25/25 ♦    1,724,475    1,681,375
FREMF Mortgage Trust      
Series 2015-KF12 B 144A 12.526% (SOFR + 7.21%, Floor 7.10%) 9/25/22 #, •    2,284,181    2,293,679
Series 2017-K724 B 144A 3.596% 12/25/49 #, •    1,500,000    1,489,710
Series 2017-K724 C 144A 3.583% 12/25/49 #, •    1,500,000    1,488,813
Series 2017-K728 C 144A 3.77% 11/25/50 #, •      910,000      880,524
Series 2017-KF33 B 144A 7.976% (SOFR + 2.66%, Floor 2.55%) 6/25/27 #, •      968,036      893,868
Series 2017-KF39 B 144A 7.926% (SOFR + 2.61%, Floor 2.50%) 11/25/24 #, •    1,852,558    1,815,958
Series 2017-KF40 B 144A 8.126% (SOFR + 2.81%, Floor 2.70%) 11/25/27 #, •    1,447,006    1,333,175
Series 2018-K732 B 144A 4.19% 5/25/25 #, •      985,000      945,608
Series 2018-KF46 B 144A 7.376% (SOFR + 2.06%, Floor 1.95%) 3/25/28 #, •    1,423,361    1,298,294
NQ- DE [0923] 1123 (3217034)    1
Schedule of investments
Delaware Limited-Term Diversified Income Fund   (Unaudited)
    Principal
amount° 		Value (US $)
Agency Commercial Mortgage-Backed Securities (continued)
FREMF Mortgage Trust      
Series 2018-KF47 B 144A 7.426% (SOFR + 2.11%, Floor 2.00%) 5/25/25 #, •      989,299 $    959,171
Series 2018-KF48 B 144A 7.476% (SOFR + 2.16%, Floor 2.05%) 6/25/28 #, •      798,325      710,832
Series 2018-KF49 B 144A 7.326% (SOFR + 2.01%, Floor 1.90%) 6/25/25 #, •      837,687      803,692
Series 2018-KF51 B 144A 7.276% (SOFR + 1.96%, Floor 1.85%) 8/25/25 #, •    2,421,495    2,334,124
Series 2019-KF60 B 144A 7.776% (SOFR + 2.46%, Floor 2.35%) 2/25/26 #, •    2,839,513    2,719,083
Series 2019-KF61 B 144A 7.626% (SOFR + 2.31%, Floor 2.20%) 4/25/29 #, •      967,773      867,742
Series 2019-KF68 B 144A 7.626% (SOFR + 2.31%, Floor 2.20%) 7/25/26 #, •    2,136,146    2,019,101
Series 2019-KF69 B 144A 7.726% (SOFR + 2.41%, Floor 2.30%) 8/25/29 #, •    1,062,100      966,611
Series 2019-KF70 B 144A 7.726% (SOFR + 2.41%, Floor 2.30%) 9/25/29 #, •      978,072      902,436
Series 2019-KF73 B 144A 7.876% (SOFR + 2.56%, Floor 2.45%) 11/25/29 #, •    2,605,485    2,405,873
Series 2020-KF74 B 144A 7.576% (SOFR + 2.26%, Floor 2.15%) 1/25/27 #, •    1,112,992    1,057,272
Series 2020-KF75 B 144A 7.676% (SOFR + 2.36%, Floor 2.25%) 12/25/29 #, •    1,212,344   1,097,398
Total Agency Commercial Mortgage-Backed Securities
(cost $34,691,513) 		 32,913,731
Agency Mortgage-Backed Securities — 2.55%
Fannie Mae S.F. 15 yr      
2.00% 4/1/36    1,020,114      876,754
2.50% 11/1/35    1,313,854    1,161,453
2.50% 8/1/36      820,555      723,147
4.50% 9/1/37       63,729       61,100
Fannie Mae S.F. 20 yr      
2.50% 7/1/41      503,525      416,408
4.00% 9/1/42       99,396       89,775
Fannie Mae S.F. 30 yr      
2.50% 8/1/50      107,739       86,980
3.00% 11/1/49      120,827      102,142
3.50% 10/1/42      566,821      499,169
3.50% 7/1/47      102,439       90,816
2    NQ- DE [0923] 1123 (3217034)
(Unaudited)
    Principal
amount° 		Value (US $)
Agency Mortgage-Backed Securities (continued)
Fannie Mae S.F. 30 yr      
3.50% 2/1/48      155,297 $    136,229
3.50% 11/1/48      207,325      181,509
3.50% 3/1/50       25,141       22,062
3.50% 8/1/50       44,561       39,013
3.50% 9/1/50      573,073      503,474
3.50% 6/1/51      450,599      389,334
3.50% 1/1/52      190,485      164,389
4.00% 6/1/48      102,764       93,238
4.00% 10/1/48      686,244      626,418
4.00% 9/1/52      129,511      115,362
4.50% 1/1/50    3,220,680    3,042,565
4.50% 4/1/50      809,246      757,011
4.50% 2/1/53      278,467      255,803
5.00% 7/1/47    2,768,727    2,709,320
5.00% 5/1/48      226,771      218,389
5.00% 8/1/49    1,021,019      979,972
5.00% 6/1/52      194,152      183,371
5.50% 5/1/44    1,835,193    1,830,924
6.00% 1/1/42    1,232,796    1,253,482
6.00% 12/1/52      177,279      175,058
Freddie Mac S.F. 15 yr      
3.00% 3/1/35      348,355      317,329
3.50% 1/1/29      530,274      510,260
Freddie Mac S.F. 20 yr
3.00% 9/1/40 		     208,793      179,907
Freddie Mac S.F. 30 yr      
2.50% 12/1/51      100,757       80,812
3.00% 11/1/46      229,463      194,186
3.00% 8/1/50      146,766      123,675
4.00% 4/1/52      191,855      170,898
4.50% 8/1/48      473,882      444,078
6.00% 1/1/53    1,011,872   1,008,311
Total Agency Mortgage-Backed Securities
(cost $23,721,619) 		 20,814,123
NQ- DE [0923] 1123 (3217034)    3
Schedule of investments
Delaware Limited-Term Diversified Income Fund   (Unaudited)
    Principal
amount° 		Value (US $)
Collateralized Debt Obligations — 5.35%
Ballyrock CLO
Series 2018-1A A1 144A 6.588% (TSFR03M + 1.26%) 4/20/31 #, • 		   2,632,044 $  2,619,395
Benefit Street Partners CLO IX
Series 2016-9A AR 144A 6.698% (TSFR03M + 1.37%) 7/20/31 #, • 		     500,000      496,887
BlueMountain CLO XXX
Series 2020-30A AR 144A 6.678% (TSFR03M + 1.37%, Floor 1.37%) 4/15/35 #, • 		   3,000,000    2,962,119
Canyon Capital CLO
Series 2019-2A AR 144A 6.75% (TSFR03M + 1.44%, Floor 1.18%) 10/15/34 #, • 		   2,800,000    2,767,587
Carlyle Global Market Strategies CLO
Series 2014-2RA A1 144A 6.676% (TSFR03M + 1.31%) 5/15/31 #, • 		     982,095      979,685
CBAM
Series 2020-13A A 144A 7.018% (TSFR03M + 1.69%, Floor 1.43%) 1/20/34 #, • 		   3,000,000    2,986,527
Cedar Funding IX CLO
Series 2018-9A A1 144A 6.568% (TSFR03M + 1.24%, Floor 0.98%) 4/20/31 #, • 		   1,500,000    1,494,976
Dryden 77 CLO
Series 2020-77A AR 144A 6.761% (TSFR03M + 1.38%, Floor 1.38%) 5/20/34 #, • 		   2,600,000    2,582,068
Golub Capital Partners CLO 50B-R 
Series 2020-50A A1R 144A 6.696% (TSFR03M + 1.37%, Floor 1.37%) 4/20/35 #, • 		   5,000,000    4,907,885
KKR CLO 41
 Series 2022-41A A1 144A 6.638% (TSFR03M + 1.33%, Floor 1.33%) 4/15/35 #, • 		   5,000,000    4,933,985
PPM CLO 3
 Series 2019-3A AR 144A 6.66% (TSFR03M + 1.35%, Floor 1.09%) 4/17/34 #, • 		   3,750,000    3,694,339
Sound Point CLO XXI
Series 2018-3A A1A 144A 6.792% (TSFR03M + 1.44%, Floor 1.18%) 10/26/31 #, • 		   3,200,000    3,176,816
Sound Point CLO XXV
Series 2019-4A A1R 144A 6.631% (TSFR03M + 1.28%, Floor 1.28%) 4/25/33 #, • 		   5,000,000    4,942,755
TRESTLES CLO V
Series 2021-5A A1 144A 6.758% (TSFR03M + 1.43%, Floor 1.17%) 10/20/34 #, • 		   2,500,000    2,476,917
Venture 34 CLO
Series 2018-34A A 144A 6.80% (TSFR03M + 1.49%, Floor 1.23%) 10/15/31 #, • 		     700,000      695,542
4    NQ- DE [0923] 1123 (3217034)
(Unaudited)
    Principal
amount° 		Value (US $)
Collateralized Debt Obligations (continued)
Zais CLO 16
Series 2020-16A A1R 144A 7.008% (TSFR03M + 1.68%, Floor 1.68%) 10/20/34 #, • 		   2,000,000 $  1,992,230
Total Collateralized Debt Obligations
(cost $44,005,687) 		 43,709,713
Corporate Bonds — 47.85%
Banking — 13.21%
Banco Continental 144A 2.75% 12/10/25 #      200,000      181,908
Banco de Credito e Inversiones 144A 3.50% 10/12/27 #      300,000      274,357
Banco Internacional del Peru 144A 3.25% 10/4/26 #      200,000      184,782
Banco Santander 5.588% 8/8/28     1,400,000    1,370,249
Banco Santander Mexico 144A 5.95% 10/1/28 #, μ      200,000      197,700
Bank Leumi Le-Israel 144A 5.125% 7/27/27 #      200,000      194,716
Bank of America      
1.843% 2/4/25 μ    3,125,000    3,074,087
3.458% 3/15/25 μ    4,345,000    4,287,613
4.125% 1/22/24     3,000,000    2,985,136
4.20% 8/26/24     3,675,000    3,611,967
5.754% 6/14/24 •    2,175,000    2,171,837
5.819% 9/15/29 μ      595,000      587,944
6.204% 11/10/28 μ       75,000       75,367
Bank of New York Mellon 5.802% 10/25/28 μ    2,064,000    2,060,854
Barclays 7.385% 11/2/28 μ      550,000      564,544
BBVA Bancomer 144A 1.875% 9/18/25 #      200,000      183,608
Citigroup      
1.281% 11/3/25 μ    1,960,000    1,851,841
2.014% 1/25/26 μ    1,600,000    1,511,394
5.50% 9/13/25     1,900,000    1,877,791
5.61% 9/29/26 μ      625,000      618,777
Citizens Bank      
4.119% 5/23/25 μ    5,990,000    5,792,473
6.064% 10/24/25 μ    1,935,000    1,867,768
Credit Suisse 7.95% 1/9/25       600,000      610,837
Deutsche Bank      
6.72% 1/18/29 μ    1,219,000    1,212,409
7.146% 7/13/27 μ      925,000      931,611
Fifth Third Bank 5.852% 10/27/25 μ    3,160,000    3,109,860
Goldman Sachs Group      
0.925% 10/21/24 μ    3,535,000    3,507,135
1.542% 9/10/27 μ      179,000      156,790
NQ- DE [0923] 1123 (3217034)    5
Schedule of investments
Delaware Limited-Term Diversified Income Fund   (Unaudited)
    Principal
amount° 		Value (US $)
Corporate Bonds (continued)
Banking (continued)
Goldman Sachs Group      
3.85% 7/8/24     3,190,000 $  3,140,185
4.25% 10/21/25     3,234,000    3,117,289
6.134% (SOFR + 0.79%) 12/9/26 •    3,700,000    3,677,280
6.154% (SOFR + 0.81%) 3/9/27 •    4,905,000    4,852,033
HSBC Holdings 5.887% 8/14/27 μ      565,000      558,329
Huntington National Bank      
4.008% 5/16/25 μ    3,390,000    3,305,220
5.65% 1/10/30       750,000      707,309
ICICI Bank 144A 4.00% 3/18/26 #      200,000      192,350
ING Groep 6.083% 9/11/27 μ      655,000      652,427
JPMorgan Chase & Co.      
3.875% 9/10/24     2,542,000    2,490,723
4.023% 12/5/24 μ    7,650,000    7,616,432
4.08% 4/26/26 μ    6,515,000    6,324,212
6.205% (SOFR + 0.885%) 4/22/27 •      955,000      948,984
KeyBank      
4.15% 8/8/25     3,020,000    2,845,219
5.85% 11/15/27       465,000      442,485
KeyCorp 3.878% 5/23/25 μ    2,895,000    2,791,362
Morgan Stanley      
6.138% 10/16/26 μ   10,465,000   10,477,794
6.296% 10/18/28 μ    1,534,000    1,546,320
NBK SPC 144A 1.625% 9/15/27 #, μ      200,000      177,788
Oversea-Chinese Banking 144A 4.25% 6/19/24 #      200,000      197,456
Popular 7.25% 3/13/28       675,000      673,741
Shinhan Bank 3.875% 3/24/26       300,000      283,040
Truist Bank 2.636% 9/17/29 μ    2,480,000    2,303,261
US Bancorp      
4.653% 2/1/29 μ       84,000       78,641
5.727% 10/21/26 μ      107,000      106,136
Wells Fargo & Co. 3.908% 4/25/26 μ    3,515,000   3,387,862
  107,949,233
Basic Industry — 0.91%
Anglo American Capital 144A 4.00% 9/11/27 #      200,000      186,896
Avient 144A 5.75% 5/15/25 #    1,325,000    1,302,196
Celanese US Holdings      
6.05% 3/15/25       149,000      148,503
6.165% 7/15/27     1,885,000    1,859,702
Graphic Packaging International 144A 0.821% 4/15/24 #    3,650,000    3,539,005
6    NQ- DE [0923] 1123 (3217034)
(Unaudited)
    Principal
amount° 		Value (US $)
Corporate Bonds (continued)
Basic Industry (continued)
Sasol Financing USA 4.375% 9/18/26       200,000 $    177,493
Suzano Austria 144A 5.75% 7/14/26 #      200,000     197,803
    7,411,598
Brokerage — 0.06%
Jefferies Financial Group 5.875% 7/21/28       505,000     494,516
      494,516
Capital Goods — 3.79%
General Electric 5.012% 1/1/24     1,059,067    1,057,503
Lennox International 1.35% 8/1/25     3,925,000    3,617,053
Mauser Packaging Solutions Holding 144A 7.875% 8/15/26 #    4,110,000    3,969,771
Parker-Hannifin      
3.65% 6/15/24     5,265,000    5,184,423
4.25% 9/15/27     3,875,000    3,703,804
Republic Services 0.875% 11/15/25     2,200,000    1,991,495
SAN Miguel Industrias 144A 3.50% 8/2/28 #      200,000      167,409
Teledyne Technologies 0.95% 4/1/24     5,745,000    5,593,580
TransDigm 144A 6.25% 3/15/26 #    4,705,000    4,627,159
Turkiye Sise ve Cam Fabrikalari 144A 6.95% 3/14/26 #      200,000      195,240
WESCO Distribution 144A 7.125% 6/15/25 #      886,000     889,031
   30,996,468
Communications — 4.00%
AMC Networks 5.00% 4/1/24       610,000      602,247
AT&T 1.70% 3/25/26     2,640,000    2,396,023
Charter Communications Operating 4.908% 7/23/25     5,530,000    5,405,460
Clear Channel International 144A 6.625% 8/1/25 #      675,000      668,022
Crown Castle 1.05% 7/15/26     1,750,000    1,536,691
Crown Castle Towers 144A 3.663% 5/15/45 #    2,050,000    1,954,429
Netflix 5.875% 2/15/25     3,750,000    3,743,456
Prosus 144A 3.257% 1/19/27 #      200,000      177,263
Sprint Spectrum 144A 4.738% 9/20/29 #      168,750      167,007
T-Mobile USA 3.75% 4/15/27     4,010,000    3,748,370
Verizon Communications      
0.75% 3/22/24     3,135,000    3,059,645
1.45% 3/20/26     2,200,000    1,987,010
Warnermedia Holdings      
3.638% 3/15/25     6,180,000    5,962,352
6.412% 3/15/26     1,250,000   1,250,312
   32,658,287
NQ- DE [0923] 1123 (3217034)    7
Schedule of investments
Delaware Limited-Term Diversified Income Fund   (Unaudited)
    Principal
amount° 		Value (US $)
Corporate Bonds (continued)
Consumer Cyclical — 2.46%
Alsea 144A 7.75% 12/14/26 #      200,000 $    200,438
Aptiv 2.396% 2/18/25     4,125,000    3,926,527
Carnival 144A 7.625% 3/1/26 #      662,000      644,437
Ford Motor Credit      
2.30% 2/10/25       435,000      408,435
2.70% 8/10/26     1,700,000    1,518,730
3.375% 11/13/25     4,130,000    3,835,391
6.95% 6/10/26       350,000      349,951
Mercedes-Benz Finance North America 144A 5.10% 8/3/28 #    1,370,000    1,342,708
Prime Security Services Borrower 144A 5.25% 4/15/24 #      806,000      801,305
VICI Properties 4.95% 2/15/30     2,140,000    1,960,813
Volkswagen Group of America Finance 144A 0.875% 11/22/23 #    5,150,000   5,115,564
   20,104,299
Consumer Non-Cyclical — 3.03%
AbbVie      
2.60% 11/21/24     3,625,000    3,495,979
3.75% 11/14/23       340,000      339,176
Amgen 5.15% 3/2/28     3,105,000    3,054,890
HCA 5.20% 6/1/28       463,000      447,713
InRetail Consumer 144A 3.25% 3/22/28 #      200,000      170,730
McCormick & Co. 0.90% 2/15/26     2,975,000    2,667,564
Medtronic Global Holdings 4.25% 3/30/28     1,775,000    1,699,720
Mondelez International 1.50% 5/4/25     1,210,000    1,132,524
Pfizer Investment Enterprises 4.45% 5/19/28     1,610,000    1,552,858
Royalty Pharma 1.20% 9/2/25     7,630,000    6,937,971
Takeda Pharmaceutical 4.40% 11/26/23       638,000      636,528
Tenet Healthcare 4.875% 1/1/26     2,500,000    2,397,537
Teva Pharmaceutical Finance Netherlands III 4.75% 5/9/27       250,000     229,696
   24,762,886
Electric — 4.34%
Avangrid 3.20% 4/15/25       885,000      846,429
CenterPoint Energy 5.991% (SOFR + 0.65%) 5/13/24 •    3,175,000    3,174,704
Colbun 144A 3.95% 10/11/27 #      200,000      184,848
Duke Energy 4.875% 9/16/24 μ, ψ      790,000      770,873
Duke Energy Carolinas 3.95% 11/15/28     3,400,000    3,193,566
Edison International 3.55% 11/15/24     3,700,000    3,596,844
Metropolitan Edison 144A 5.20% 4/1/28 #    2,300,000    2,245,531
8    NQ- DE [0923] 1123 (3217034)
(Unaudited)
    Principal
amount° 		Value (US $)
Corporate Bonds (continued)
Electric (continued)
National Rural Utilities Cooperative Finance      
1.875% 2/7/25     4,350,000 $  4,133,939
4.45% 3/13/26     1,080,000    1,055,339
NextEra Energy Capital Holdings      
5.749% 9/1/25       245,000      244,392
6.051% 3/1/25       545,000      546,019
NRG Energy 144A 3.75% 6/15/24 #    1,260,000    1,234,212
Southern 4.85% 6/15/28     3,210,000    3,104,562
Southern California Edison 1.10% 4/1/24     4,155,000    4,058,928
Vistra Operations      
144A 3.55% 7/15/24 #    2,825,000    2,755,778
144A 5.125% 5/13/25 #    1,495,000    1,458,084
WEC Energy Group 0.80% 3/15/24     2,895,000   2,827,581
   35,431,629
Energy — 3.49%
ConocoPhillips 2.40% 3/7/25       149,000      142,525
Eastern Energy Gas Holdings 3.55% 11/1/23     3,765,000    3,761,224
Enbridge      
0.55% 10/4/23       735,000      734,881
2.50% 2/14/25     1,040,000      991,316
Energean Israel Finance 144A 4.875% 3/30/26 #      200,000      186,300
Energy Transfer      
4.25% 4/1/24     3,200,000    3,171,650
5.55% 2/15/28     4,440,000    4,365,597
Galaxy Pipeline Assets Bidco 144A 1.75% 9/30/27 #    3,063,354    2,832,042
MPLX 4.875% 12/1/24     1,955,000    1,927,947
Murphy Oil 5.75% 8/15/25       689,000      688,568
NuStar Logistics 5.75% 10/1/25     1,077,000    1,048,529
Occidental Petroleum      
5.50% 12/1/25     1,247,000    1,231,965
5.875% 9/1/25     4,560,000    4,541,350
ONEOK 5.65% 11/1/28       425,000      419,652
Southwestern Energy 5.70% 1/23/25       188,000      185,430
Targa Resources Partners 5.00% 1/15/28     2,445,000   2,327,860
   28,556,836
Finance Companies — 2.03%
AerCap Ireland Capital DAC      
1.65% 10/29/24     3,475,000    3,306,814
3.00% 10/29/28     1,100,000      943,700
NQ- DE [0923] 1123 (3217034)    9
Schedule of investments
Delaware Limited-Term Diversified Income Fund   (Unaudited)
    Principal
amount° 		Value (US $)
Corporate Bonds (continued)
Finance Companies (continued)
AerCap Ireland Capital DAC      
3.15% 2/15/24     3,905,000 $  3,861,004
Air Lease      
0.80% 8/18/24     1,755,000    1,673,910
2.875% 1/15/26       875,000      815,093
Aviation Capital Group      
144A 1.95% 1/30/26 #    3,235,000    2,910,163
144A 4.375% 1/30/24 #    3,000,000    2,974,062
144A  6.25% 4/15/28 #       83,000      81,244
   16,565,990
Government Agency — 0.73%
BOC Aviation USA 144A 1.625% 4/29/24 #      200,000      194,904
CIMB Bank 144A 2.125% 7/20/27 #      200,000      176,833
DAE Sukuk DIFC 144A 3.75% 2/15/26 #      200,000      187,589
Emirates NBD Bank 2.625% 2/18/25       200,000      190,527
Freeport Indonesia 144A 4.763% 4/14/27 #      200,000      190,826
Georgian Railway JSC 4.00% 6/17/28       200,000      175,098
Harvest Operations 144A 1.00% 4/26/24 #    3,600,000    3,497,441
KazMunayGas National 144A 4.75% 4/19/27 #      200,000      187,667
MEGlobal Canada 144A 5.00% 5/18/25 #      200,000      195,322
MISC Capital Two Labuan 144A 3.75% 4/6/27 #      200,000      184,785
OCP 144A 4.50% 10/22/25 #      200,000      192,956
QatarEnergy Trading 144A 1.375% 9/12/26 #      200,000      178,669
QNB Finance 2.625% 5/12/25       250,000      237,022
Saudi Arabian Oil 144A 1.625% 11/24/25 #      200,000     182,996
    5,972,635
Industrials — 0.07%
Bidvest Group UK 144A 3.625% 9/23/26 #      200,000      177,966
CK Hutchison International 23 144A 4.75% 4/21/28 #      400,000     385,787
      563,753
Insurance — 4.18%
Athene Global Funding      
144A 0.914% 8/19/24 #    2,150,000    2,048,487
144A 0.95% 1/8/24 #    3,000,000    2,957,166
144A 1.00% 4/16/24 #    2,535,000    2,457,358
144A 6.043% (SOFR + 0.70%) 5/24/24 #, •    2,055,000    2,046,744
Brighthouse Financial Global Funding      
144A 1.00% 4/12/24 #    2,145,000    2,087,809
144A 6.053% (SOFR + 0.76%) 4/12/24 #, •    1,745,000    1,737,003
10    NQ- DE [0923] 1123 (3217034)
(Unaudited)
    Principal
amount° 		Value (US $)
Corporate Bonds (continued)
Insurance (continued)
GA Global Funding Trust 144A 1.00% 4/8/24 #    4,115,000 $  3,993,042
MassMutual Global Funding II 144A 0.60% 4/12/24 #    5,100,000    4,964,161
Met Tower Global Funding 144A 3.70% 6/13/25 #    4,380,000    4,221,552
Principal Life Global Funding II 144A 0.75% 4/12/24 #    2,200,000    2,139,617
Protective Life Global Funding 144A 0.631% 10/13/23 #    2,250,000    2,246,594
UnitedHealth Group 4.25% 1/15/29     2,150,000    2,047,617
USI 144A 6.875% 5/1/25 #    1,194,000   1,186,087
   34,133,237
Natural Gas — 0.20%
ENN Energy Holdings 144A 4.625% 5/17/27 #      250,000      241,463
Sempra Energy 3.30% 4/1/25     1,475,000   1,418,442
    1,659,905
Real Estate Investment Trusts — 1.81%
SBA Tower Trust      
144A 1.884% 7/15/50 #    3,222,000    2,913,201
144A 2.836% 1/15/50 #    5,840,000    5,589,702
144A 3.869% 10/15/49 #, ~    6,500,000   6,326,313
   14,829,216
Technology — 2.38%
Baidu 1.72% 4/9/26     1,250,000    1,128,408
Oracle 5.80% 11/10/25     2,355,000    2,364,350
Roper Technologies      
1.00% 9/15/25     3,600,000    3,292,253
2.35% 9/15/24     4,345,000    4,195,162
Sensata Technologies      
144A 5.00% 10/1/25 #    3,720,000    3,610,364
144A 5.625% 11/1/24 #      950,000      940,731
SK Hynix 144A 1.50% 1/19/26 #      300,000      269,627
Thomson Reuters 4.30% 11/23/23     3,630,000   3,620,114
   19,421,009
Transportation — 1.16%
American Airlines 144A 5.50% 4/20/26 #      510,536      499,076
Canadian Pacific Railway 1.35% 12/2/24     2,295,000    2,176,366
Delta Air Lines      
144A 7.00% 5/1/25 #    2,041,000    2,063,866
7.375% 1/15/26       476,000      482,264
ERAC USA Finance 144A 4.60% 5/1/28 #    3,225,000    3,096,776
Mileage Plus Holdings 144A 6.50% 6/20/27 #      847,500      840,548
Rumo Luxembourg 144A 5.25% 1/10/28 #      200,000      185,060
NQ- DE [0923] 1123 (3217034)    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 $    162,013
    9,505,969
Total Corporate Bonds
(cost $406,585,162) 		391,017,466
Non-Agency Asset-Backed Securities — 10.44%
American Express Credit Account Master Trust      
Series 2022-3 A 3.75% 8/15/27    4,000,000    3,871,817
Series 2023-1 A 4.87% 5/15/28    2,500,000    2,468,810
Avis Budget Rental Car Funding AESOP
Series 2019-2A A 144A 3.35% 9/22/25 # 		     830,000      811,626
BMW Vehicle Lease Trust
Series 2022-1 A3 1.10% 3/25/25 		   4,297,489    4,247,059
Discover Card Execution Note Trust
Series 2022-A4 A 5.03% 10/15/27 		  10,050,000    9,967,362
Enterprise Fleet Financing
Series 2022-2 A2 144A 4.65% 5/21/29 # 		   2,322,231    2,287,171
Ford Credit Auto Owner Trust      
Series 2021-A B 0.70% 10/15/26      180,000      167,160
Series 2022-A B 1.91% 7/15/27    5,215,000    4,795,248
Ford Credit Floorplan Master Owner Trust
Series 2020-2 A 1.06% 9/15/27 		   7,600,000    6,925,662
GM Financial Automobile Leasing Trust      
Series 2021-2 A4 0.41% 5/20/25      468,241      467,033
Series 2022-1 B 2.23% 2/20/26    6,300,000    6,104,705
GTE Auto Receivables Trust
Series 2023-1 A2 144A 5.65% 8/17/26 # 		   3,971,668    3,953,214
Hyundai Auto Lease Securitization Trust
Series 2023-A A3 144A 5.05% 1/15/26 # 		   4,500,000    4,460,665
JPMorgan Chase Bank
Series 2020-2 B 144A 0.84% 2/25/28 # 		     154,107      152,621
OCCU Auto Receivables Trust
Series 2023-1A A2 144A 6.23% 4/15/27 # 		   2,500,000    2,500,205
Tesla Auto Lease Trust
Series 2021-A B 144A 1.02% 3/20/25 # 		   4,725,000    4,690,369
Toyota Lease Owner Trust
Series 2021-B A3 144A 0.42% 10/21/24 # 		   2,076,842    2,065,020
Trafigura Securitisation Finance
Series 2021-1A A2 144A 1.08% 1/15/25 # 		   3,850,000    3,631,139
Verizon Master Trust      
Series 2021-2 A 0.99% 4/20/28    5,000,000    4,750,863
12    NQ- DE [0923] 1123 (3217034)
(Unaudited)
    Principal
amount° 		Value (US $)
Non-Agency Asset-Backed Securities (continued)
Verizon Master Trust      
Series 2022-2 A 1.53% 7/20/28    6,707,000 $  6,342,539
Series 2022-2 B 1.83% 7/20/28    5,215,000    4,930,190
Verizon Owner Trust
Series 2020-C A 0.41% 4/21/25 		      77,975       77,625
Volkswagen Auto Lease Trust
Series 2022-A A3 3.44% 7/21/25 		   5,700,000   5,614,265
Total Non-Agency Asset-Backed Securities
(cost $87,086,643) 		 85,282,368
Sovereign Bonds — 0.04%Δ
Hong Kong — 0.02%
Airport Authority
144A 1.75% 1/12/27 # 		     200,000     179,568
      179,568
Republic of Korea — 0.02%
Korea Hydro & Nuclear Power
144A 5.00% 7/18/28 # 		     200,000     196,077
      196,077
Total Sovereign Bonds
(cost $397,678) 		    375,645
US Treasury Obligations — 27.13%
US Treasury Notes      
0.375% 9/15/24      395,000      376,425
4.00% 6/30/28   41,980,000   40,864,088
4.125% 6/15/26   57,865,000   56,798,114
4.125% 7/31/28       90,000       88,066
4.375% 8/31/28   19,535,000   19,342,703
4.50% 9/30/28    8,435,000    8,440,931
4.625% 6/30/25    2,940,000    2,915,079
4.625% 9/15/26   12,000,000   11,941,876
4.75% 7/15/26   76,615,000   75,914,693
4.875% 7/31/25    5,030,000   4,996,892
Total US Treasury Obligations
(cost $223,424,323) 		221,678,867
NQ- DE [0923] 1123 (3217034)    13
Schedule of investments
Delaware Limited-Term Diversified Income Fund   (Unaudited)
    Number of
shares 		Value (US $)
Short-Term Investments — 0.49%
Money Market Mutual Funds — 0.49%
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 5.24%)      991,708 $    991,708
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 5.23%)      991,708      991,708
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 5.37%)      991,708      991,708
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 5.27%)      991,708     991,708
Total Short-Term Investments
(cost $3,966,832) 		  3,966,832
Total Value of Securities—99.30%
(cost $836,403,943) 		    811,408,546
Receivables and Other Assets Net of Liabilities—0.70%*       5,748,846
Net Assets Applicable to 106,599,044 Shares Outstanding—100.00%     $817,157,392
° Principal amount shown is stated in USD unless noted that the security is denominated in another currency.
• Variable rate investment. Rates reset periodically. Rate shown reflects the rate in effect at September 30, 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. SOFR01M, SOFR03M, 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 September 30, 2023, the aggregate value of Rule 144A securities was $213,375,920, which represents 26.11% 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 September 30, 2023.
μ Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at September 30, 2023. Rate will reset at a future date.
14    NQ- DE [0923] 1123 (3217034)
(Unaudited)
ψ Perpetual security. Maturity date represents next call date.
Δ Securities have been classified by country of risk.
* Of this amount, $(745,085) represents cash collateral posted for futures contracts.
The following futures contracts were outstanding at September 30, 2023:
Futures Contracts
Exchange-Traded
Contracts to Buy (Sell)   Notional
Amount 		  Notional
Cost
(Proceeds) 		  Expiration
Date 		  Value/
Unrealized
Depreciation 		  Variation
Margin
Due from
(Due to)
Brokers
589 US Treasury 2 yr Note   $119,396,742   $119,640,927   12/29/23   $(244,185)   $37,883
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 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
GNMA – Government National Mortgage Association
JSC – Joint Stock Company
REMIC – Real Estate Mortgage Investment Conduit
S.F. – Single Family
SOFR – Secured Overnight Financing Rate
SOFR01M – Secured Overnight Financing Rate 1 Month
SOFR03M – Secured Overnight Financing Rate 3 Month
TSFR03M – 3 Month Term Secured Overnight Financing Rate
USD – US Dollar
yr – Year
NQ- DE [0923] 1123 (3217034)    15