NPORT-EX 2 ANS1DEL103122.htm
Schedule of investments
Delaware Small Cap Core Fund  August 31, 2022 (Unaudited)
    Number of
shares 		Value (US $)
Common Stocks — 97.51%
Basic Materials — 6.65%
Balchem       167,783 $   22,117,155
Boise Cascade     1,589,490     99,072,912
Coeur Mining †      917,982      2,533,630
Huntsman       580,588     16,268,076
Kaiser Aluminum       554,885     39,818,548
Mativ Holdings     1,335,951     31,555,163
Minerals Technologies     1,341,627     78,163,189
Quaker Chemical       232,036     40,448,515
Summit Materials Class A †    2,407,958     68,434,166
Worthington Industries     1,309,089    66,750,448
    465,161,802
Business Services — 3.69%
ABM Industries     1,276,992     59,252,429
ASGN †      867,822     83,918,387
BrightView Holdings †    2,596,094     26,272,471
Casella Waste Systems Class A †      689,720     56,508,760
WillScot Mobile Mini Holdings †      800,056    32,114,248
    258,066,295
Capital Goods — 8.98%
Ameresco Class A †      827,694     56,986,732
Applied Industrial Technologies       728,037     77,186,483
Barnes Group       548,162     17,020,430
Chart Industries †      103,716     20,106,384
Columbus McKinnon     1,181,224     36,180,891
ESCO Technologies       306,632     24,969,044
Federal Signal     1,706,235     68,027,589
Kadant       321,578     57,700,741
KBR       709,314     34,259,866
MYR Group †      824,393     76,619,085
Regal Rexnord       318,502     43,822,690
Tetra Tech       245,221     33,303,464
WESCO International †      317,595     41,820,910
Zurn Elkay Water Solutions     1,449,745    39,983,967
    627,988,276
Communications Services — 0.36%
ATN International       535,648    25,095,109
     25,095,109
NQ-480 [8/22] 10/22 (2460249)    1
Schedule of investments
Delaware Small Cap Core Fund   (Unaudited)
    Number of
shares 		Value (US $)
Common Stocks (continued)
Consumer Discretionary — 3.64%
American Eagle Outfitters     3,138,409 $   35,338,485
BJ's Wholesale Club Holdings †      552,100     41,125,929
Hibbett       423,995     24,846,107
Malibu Boats Class A †    1,049,032     62,973,391
Sonic Automotive Class A       422,776     22,487,455
Steven Madden     2,323,471    67,636,241
    254,407,608
Consumer Services — 2.86%
Brinker International †      961,038     23,555,041
Chuy's Holdings †      766,334     17,112,238
Jack in the Box       332,789     26,576,530
Sun Country Airlines Holdings †      994,360     19,807,651
Texas Roadhouse       938,620     83,311,911
Wendy's     1,550,238    29,733,565
    200,096,936
Consumer Staples — 2.57%
Helen of Troy †      240,795     29,769,486
J & J Snack Foods       480,010     71,535,890
Prestige Consumer Healthcare †    1,557,637    78,785,280
    180,090,656
Credit Cyclicals — 2.56%
Dana     2,673,441     41,358,132
KB Home     1,597,138     45,758,004
La-Z-Boy     1,185,301     31,280,093
Taylor Morrison Home †    2,408,215    60,470,279
    178,866,508
Energy — 4.42%
Earthstone Energy Class A †    1,646,317     25,024,018
Patterson-UTI Energy     6,316,702     94,118,860
PDC Energy     1,724,781    117,129,878
Southwestern Energy †    9,694,385    72,610,943
    308,883,699
Financials — 16.96%
American Equity Investment Life Holding     1,194,980     45,409,240
City Holding       506,014     43,016,250
Enterprise Financial Services       825,630     37,747,804
Essent Group     1,401,369     56,040,746
First Bancorp      1,031,840     37,569,294
First Financial Bancorp     2,027,973     43,763,657
2    NQ-480 [8/22] 10/22 (2460249)
(Unaudited)
    Number of
shares 		Value (US $)
Common Stocks (continued)
Financials (continued)
First Foundation     1,466,233 $   27,799,778
First Interstate BancSystem Class A     1,865,412     75,101,487
Focus Financial Partners Class A †    1,019,020     39,894,633
Hamilton Lane Class A       730,545     50,831,321
Independent Bank       629,035     49,209,408
Independent Bank Group       545,492     36,744,341
Kemper       682,813     31,409,398
NMI Holdings Class A †    2,756,730     56,595,667
Old National Bancorp     4,314,559     72,009,990
Pacific Premier Bancorp     1,466,564     48,044,637
Selective Insurance Group       925,152     73,475,572
SouthState       732,432     57,158,993
Stifel Financial       363,609     21,565,650
Umpqua Holdings     2,617,998     46,443,285
United Community Banks     1,810,274     60,698,487
Valley National Bancorp     4,341,491     50,448,125
WesBanco     1,441,388     49,309,884
WSFS Financial     1,567,760    75,801,196
  1,186,088,843
Healthcare — 18.24%
Agios Pharmaceuticals †    1,117,704     28,501,452
Amicus Therapeutics †    5,054,392     56,760,822
Apellis Pharmaceuticals †    1,140,961     69,039,550
Artivion †    1,992,679     44,157,767
AtriCure †    1,060,508     48,380,375
Azenta       611,606     32,237,752
Blueprint Medicines †      921,837     67,496,905
CONMED       570,502     50,529,362
Halozyme Therapeutics †    1,620,807     66,015,469
Insmed †    2,028,812     49,949,351
Inspire Medical Systems †      293,496     56,201,549
Intercept Pharmaceuticals †      491,221      8,532,509
Ligand Pharmaceuticals †      579,294     53,520,973
Merit Medical Systems †    1,153,840     68,341,943
NeoGenomics †    1,559,453     15,672,503
NuVasive †      977,748     41,564,068
Omnicell †      543,123     55,556,052
Pacific Biosciences of California †    3,104,851     18,194,427
PTC Therapeutics †    1,057,422     52,807,655
Shockwave Medical †      417,998    124,086,886
Supernus Pharmaceuticals †    1,755,002     60,073,718
NQ-480 [8/22] 10/22 (2460249)    3
Schedule of investments
Delaware Small Cap Core Fund   (Unaudited)
    Number of
shares 		Value (US $)
Common Stocks (continued)
Healthcare (continued)
TransMedics Group †    1,452,358 $   75,566,187
Travere Therapeutics †    2,705,226     72,391,848
Ultragenyx Pharmaceutical †      732,251     34,921,050
Vanda Pharmaceuticals †    2,377,471    25,153,643
  1,275,653,816
Information Technology — 12.80%
Blackline †      487,512     33,121,565
Box Class A †    1,518,516     39,101,787
Consensus Cloud Solutions †      773,645     38,953,026
ExlService Holdings †      646,514    108,426,863
Ichor Holdings †      775,544     23,824,712
II-VI †      987,724     46,650,204
MACOM Technology Solutions Holdings †      565,538     31,189,421
MaxLinear †    1,682,829     60,464,046
NETGEAR †      622,320     14,680,529
Ping Identity Holding †    1,011,477     28,462,963
Q2 Holdings †    1,035,932     41,147,219
Rapid7 †      931,869     53,582,467
Semtech †      942,401     43,529,502
Silicon Laboratories †      406,105     50,897,140
Sprout Social Class A †      529,095     31,766,864
Upwork †    1,164,412     20,260,769
Varonis Systems †    1,693,666     46,321,765
WNS Holdings ADR †      885,898     74,636,906
Yelp †    1,313,095     44,868,456
Ziff Davis †      819,614    63,339,770
    895,225,974
Media — 0.63%
IMAX †    1,582,689     24,816,564
Nexstar Media Group Class A        99,245    18,987,553
     43,804,117
Real Estate Investment Trusts — 6.95%
American Assets Trust     1,254,626     34,828,418
Armada Hoffler Properties     2,695,332     35,389,709
DiamondRock Hospitality †    4,929,432     43,033,941
EastGroup Properties       271,732     44,843,932
Four Corners Property Trust     1,188,738     31,965,165
Independence Realty Trust     2,073,586     40,331,248
Kite Realty Group Trust     2,927,955     56,685,209
LXP Industrial Trust     3,442,941     34,635,986
4    NQ-480 [8/22] 10/22 (2460249)
(Unaudited)
    Number of
shares 		Value (US $)
Common Stocks (continued)
Real Estate Investment Trusts (continued)
National Storage Affiliates Trust       953,802 $   48,186,077
Pebblebrook Hotel Trust     1,827,875     32,207,158
Physicians Realty Trust     3,351,100     55,829,326
RPT Realty     2,958,624    28,491,549
    486,427,718
Technology — 1.43%
Instructure Holdings †    1,359,284     30,896,526
SPS Commerce †      225,611     27,551,615
Verint Systems †      864,872    41,937,643
    100,385,784
Transportation — 2.43%
Allegiant Travel †      342,453     33,046,714
Hub Group Class A †      920,539     73,468,218
Werner Enterprises     1,598,719    63,613,029
    170,127,961
Utilities — 2.34%
Black Hills       655,259     49,458,949
NorthWestern       822,260     43,563,335
South Jersey Industries       310,618     10,514,419
Spire       863,573    60,355,117
    163,891,820
Total Common Stocks (cost $5,884,885,277) 6,820,262,922
Short-Term Investments — 2.33%
Money Market Mutual Funds — 2.33%
BlackRock FedFund – Institutional Shares (seven-day effective yield 2.02%)   40,809,252     40,809,252
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 2.03%)   40,809,251     40,809,251
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 2.19%)   40,809,251     40,809,251
NQ-480 [8/22] 10/22 (2460249)    5
Schedule of investments
Delaware Small Cap Core Fund   (Unaudited)
    Number of
shares 		Value (US $)
Short-Term Investments (continued)
Money Market Mutual Funds (continued)
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 2.11%)   40,809,251 $   40,809,251
Total Short-Term Investments (cost $163,237,005)   163,237,005
Total Value of Securities—99.84%
(cost $6,048,122,282) 		    6,983,499,927
Receivables and Other Assets Net of Liabilities—0.16%        10,844,466
Net Assets Applicable to 260,444,994 Shares Outstanding—100.00%     $6,994,344,393
† Non-income producing security.
Summary of abbreviations:
ADR – American Depositary Receipt
6    NQ-480 [8/22] 10/22 (2460249)