NPORT-EX 2 AFR0DEL043023.htm
Schedule of investments
Delaware Wealth Builder Fund  February 28, 2023 (Unaudited)
    Principal
amount° 		Value (US $)
Agency Mortgage-Backed Securities — 3.54%
Fannie Mae
4.50% 2/1/44 		       40,398 $     39,749
Fannie Mae S.F. 15 yr      
2.00% 2/1/36       129,942      115,634
2.50% 7/1/36       233,931      214,066
Fannie Mae S.F. 20 yr      
2.00% 3/1/41        39,516       33,689
2.00% 5/1/41       170,166      145,085
4.00% 8/1/42       246,461      233,776
4.00% 9/1/42       239,827      227,483
Fannie Mae S.F. 30 yr      
2.00% 12/1/50        21,750       17,848
2.00% 1/1/51        15,801       13,057
2.00% 2/1/51        19,594       16,239
2.00% 2/1/51        23,376       19,215
2.00% 6/1/51       837,632      694,265
2.50% 1/1/43        17,809       15,364
2.50% 2/1/51       157,381      133,386
2.50% 5/1/51        17,927       15,218
2.50% 6/1/51        29,240       25,096
2.50% 8/1/51       313,412      267,373
2.50% 8/1/51       128,461      109,599
2.50% 2/1/52       524,366      446,502
3.00% 11/1/48         9,502        8,535
3.00% 12/1/49         5,201        4,643
3.00% 3/1/50        79,002       70,201
3.00% 7/1/50       151,371      135,711
3.00% 7/1/51       156,647      139,240
3.00% 8/1/51        70,276       62,083
3.50% 1/1/46       129,213      121,229
3.50% 7/1/47       164,898      154,630
3.50% 2/1/48        49,918       46,334
3.50% 11/1/48        14,052       12,993
3.50% 12/1/49       149,985      138,890
3.50% 1/1/50       199,949      183,809
3.50% 8/1/50       349,811      323,739
3.50% 1/1/52       158,749      145,004
3.50% 5/1/52       139,718      128,538
3.50% 5/1/52       151,356      137,852
3.50% 9/1/52       204,170      185,931
4.00% 4/1/47         7,378        7,112
4.00% 6/1/48        87,672       84,049
NQ-129 [2/23] 04/23 (2832203)    1
Schedule of investments
Delaware Wealth Builder Fund   (Unaudited)
    Principal
amount° 		Value (US $)
Agency Mortgage-Backed Securities (continued)
Fannie Mae S.F. 30 yr      
4.00% 9/1/48         3,740 $      3,569
4.00% 6/1/49         6,980        6,717
4.00% 5/1/51       129,052      123,123
4.50% 10/1/45       136,161      135,177
4.50% 11/1/47        84,394       83,416
4.50% 4/1/48       326,996      322,638
4.50% 7/1/48       256,511      251,601
4.50% 1/1/49        14,252       13,968
4.50% 1/1/50        10,489       10,261
4.50% 9/1/52        69,861       67,461
5.00% 7/1/49        84,696       84,559
5.00% 6/1/52       158,230      155,695
5.00% 9/1/52       493,199      485,085
5.00% 10/1/52        92,246       92,012
5.00% 10/1/52        93,342       91,821
5.50% 8/1/52       306,393      306,811
5.50% 10/1/52       297,441      297,320
5.50% 10/1/52        90,069       90,066
6.00% 12/1/52       404,405      409,587
2.50% 1/1/51       270,694      233,619
Freddie Mac S.F. 15 yr      
2.00% 12/1/35        58,555       52,254
3.00% 3/1/35       111,770      104,261
4.50% 9/1/37       232,247      229,393
Freddie Mac S.F. 20 yr      
2.00% 3/1/41        44,901       38,280
2.50% 6/1/41       382,071      335,306
3.50% 9/1/35       161,466      153,274
3.50% 5/1/42       143,264      131,875
Freddie Mac S.F. 30 yr      
2.00% 9/1/51        69,723       57,040
2.50% 10/1/50        84,220       72,387
2.50% 2/1/51        20,938       17,995
2.50% 5/1/52       293,116      248,574
3.00% 1/1/50         8,591        7,671
3.00% 8/1/51       725,483      642,978
3.00% 1/1/52       122,155      107,575
3.50% 8/1/49       228,592      210,439
4.00% 7/1/47         2,269        2,172
4.00% 10/1/47        22,752       21,572
4.00% 4/1/52       128,256      120,457
2    NQ-129 [2/23] 04/23 (2832203)
(Unaudited)
    Principal
amount° 		Value (US $)
Agency Mortgage-Backed Securities (continued)
Freddie Mac S.F. 30 yr      
4.00% 9/1/52       168,582 $    159,425
4.50% 1/1/49        88,811       86,965
4.50% 4/1/49         8,487        8,380
4.50% 8/1/49        21,971       21,814
5.00% 10/1/52       138,590      136,310
5.50% 9/1/52       222,391      223,251
5.50% 9/1/52        96,283       97,961
5.50% 10/1/52       266,036      265,927
5.50% 11/1/52       220,939      220,849
3.50% 4/1/52        27,277       25,006
3.50% 6/1/52        23,215       21,207
4.00% 8/1/52       345,157      326,622
GNMA I S.F. 30 yr
3.00% 8/15/45 		       51,374      46,466
Total Agency Mortgage-Backed Securities
(cost $13,407,270) 		 12,331,359
Collateralized Debt Obligations — 0.23%
Cedar Funding IX CLO
Series 2018-9A A1 144A 5.788% (LIBOR03M + 0.98%, Floor 0.98%) 4/20/31 #, • 		      250,000      247,802
Octagon Investment Partners 48
Series 2020-3A AR 144A 5.958% (LIBOR03M + 1.15%, Floor 1.15%) 10/20/34 #, • 		      300,000      295,439
Sound Point Clo XXI
Series 2018-3A A1A 144A 6.002% (LIBOR03M + 1.18%, Floor 1.18%) 10/26/31 #, • 		      250,000     245,886
Total Collateralized Debt Obligations
(cost $793,158) 		    789,127
Convertible Bonds — 8.13%
Basic Industry — 0.14%
Ivanhoe Mines 144A 2.50% exercise price $9.31, maturity date 4/15/26 #       393,000     503,170
      503,170
NQ-129 [2/23] 04/23 (2832203)    3
Schedule of investments
Delaware Wealth Builder Fund   (Unaudited)
    Principal
amount° 		Value (US $)
Convertible Bonds (continued)
Brokerage — 0.20%
New Mountain Finance 144A 7.50% exercise price $14.20, maturity date 10/15/25 #       274,000 $    282,241
WisdomTree 144A 5.75% exercise price $9.54, maturity date 8/15/28 #       410,000     412,369
      694,610
Capital Goods — 0.44%
Chart Industries 1.00% exercise price $58.73, maturity date 11/15/24        331,000      760,638
Kaman 3.25% exercise price $65.26, maturity date 5/1/24        826,000     779,744
    1,540,382
Communications — 0.63%
Cable One 1.125% exercise price $2,275.83, maturity date 3/15/28      1,300,000      949,650
DISH Network 3.375% exercise price $65.18, maturity date 8/15/26      1,420,000      914,594
Liberty Latin America 2.00% exercise price $20.65, maturity date 7/15/24        373,000     343,315
    2,207,559
Consumer Cyclical — 0.58%
Cheesecake Factory 0.375% exercise price $77.09, maturity date 6/15/26      1,443,000    1,228,354
Ford Motor 1.03% exercise price $15.85, maturity date 3/15/26 ^       811,000     784,642
    2,012,996
Consumer Non-Cyclical — 2.53%
BioMarin Pharmaceutical 0.599% exercise price $124.67, maturity date 8/1/24        539,000      548,976
Chefs' Warehouse 1.875% exercise price $44.20, maturity date 12/1/24      1,198,000    1,231,544
Chegg 4.269% exercise price $107.55, maturity date 9/1/26 ^     1,559,000    1,227,969
Coherus Biosciences 1.50% exercise price $19.26, maturity date 4/15/26        673,000      472,783
CONMED 144A 2.25% exercise price $145.33, maturity date 6/15/27 #     1,067,000    1,009,915
Integer Holdings 144A 2.125% exercise price $87.20, maturity date 2/15/28 #       181,000      193,761
Integra LifeSciences Holdings 0.50% exercise price $73.67, maturity date 8/15/25      1,055,000    1,016,492
4    NQ-129 [2/23] 04/23 (2832203)
(Unaudited)
    Principal
amount° 		Value (US $)
Convertible Bonds (continued)
Consumer Non-Cyclical (continued)
Ionis Pharmaceuticals 0.125% exercise price $83.28, maturity date 12/15/24        782,000 $    722,384
Jazz Investments I 2.00% exercise price $155.81, maturity date 6/15/26        460,000      500,825
Lantheus Holdings 144A 2.625% exercise price $79.81, maturity date 12/15/27 #       182,000      219,179
Pacira BioSciences 0.75% exercise price $71.78, maturity date 8/1/25        502,000      469,684
Paratek Pharmaceuticals 4.75% exercise price $15.90, maturity date 5/1/24      1,360,000   1,204,085
    8,817,597
Electric — 0.52%
NextEra Energy Partners 144A 0.357% exercise price $75.33, maturity date 11/15/25 #, ^       364,000      348,166
NRG Energy 2.75% exercise price $43.46, maturity date 6/1/48        685,000      685,343
Ormat Technologies 144A 2.50% exercise price $90.27, maturity date 7/15/27 #       686,000     765,576
    1,799,085
Energy — 0.38%
Helix Energy Solutions Group 6.75% exercise price $6.97, maturity date 2/15/26        923,000   1,330,935
    1,330,935
Financials — 0.64%
FTI Consulting 2.00% exercise price $101.38, maturity date 8/15/23        610,000    1,112,335
Repay Holdings 144A 3.79% exercise price $33.60, maturity date 2/1/26 #, ^     1,414,000   1,124,837
    2,237,172
Industrials — 0.03%
Danimer Scientific 144A 3.25% exercise price $10.79, maturity date 12/15/26 #       194,000      85,481
       85,481
Real Estate Investment Trusts — 0.31%
Blackstone Mortgage Trust 4.75% exercise price $36.23, maturity date 3/15/23        810,000      810,513
Summit Hotel Properties 1.50% exercise price $11.88, maturity date 2/15/26        311,000     271,970
    1,082,483
NQ-129 [2/23] 04/23 (2832203)    5
Schedule of investments
Delaware Wealth Builder Fund   (Unaudited)
    Principal
amount° 		Value (US $)
Convertible Bonds (continued)
Technology — 1.40%
Block 0.125% exercise price $121.01, maturity date 3/1/25      1,193,000 $  1,185,544
InterDigital 144A 3.50% exercise price $77.49, maturity date 6/1/27 #     1,279,000    1,422,248
Palo Alto Networks 0.75% exercise price $88.78, maturity date 7/1/23        494,000    1,044,324
Semtech 144A 1.625% exercise price $37.27, maturity date 11/1/27 #       455,000      486,612
Vishay Intertechnology 2.25% exercise price $31.20, maturity date 6/15/25        416,000      405,636
Wolfspeed 0.25% exercise price $127.22, maturity date 2/15/28        385,000     339,762
    4,884,126
Transportation — 0.33%
Spirit Airlines 1.00% exercise price $43.13, maturity date 5/15/26      1,418,000   1,164,887
    1,164,887
Total Convertible Bonds
(cost $28,144,385) 		 28,360,483
Corporate Bonds — 12.24%
Automotive — 0.27%
Allison Transmission 144A 5.875% 6/1/29 #       335,000      317,739
Ford Motor 4.75% 1/15/43         75,000       54,795
Ford Motor Credit      
3.375% 11/13/25        240,000      221,338
4.542% 8/1/26        260,000      241,259
Goodyear Tire & Rubber 5.25% 7/15/31        135,000     115,108
      950,239
Banking — 1.34%
Banco Continental 144A 2.75% 12/10/25 #       200,000      177,200
Bank of America      
1.922% 10/24/31 μ       560,000      434,454
2.482% 9/21/36 μ       140,000      104,963
2.676% 6/19/41 μ       240,000      164,668
2.884% 10/22/30 μ        20,000       16,926
3.194% 7/23/30 μ        55,000       47,833
5.015% 7/22/33 μ       215,000      206,953
Barclays 6.125% 12/15/25 μ, ψ       200,000      188,650
6    NQ-129 [2/23] 04/23 (2832203)
(Unaudited)
    Principal
amount° 		Value (US $)
Corporate Bonds (continued)
Banking (continued)
BBVA Bancomer 144A 1.875% 9/18/25 #       200,000 $    182,450
Citizens Bank 6.064% 10/24/25 μ       260,000      261,564
Credit Suisse Group 144A 2.593% 9/11/25 #, μ       250,000      226,614
Deutsche Bank      
2.222% 9/18/24 μ       300,000      293,297
6.00% 10/30/25 μ, ψ       200,000      182,274
Goldman Sachs Group 1.542% 9/10/27 μ       105,000       91,223
JPMorgan Chase & Co.      
1.764% 11/19/31 μ        40,000       30,782
2.58% 4/22/32 μ       435,000      352,714
Morgan Stanley      
1.794% 2/13/32 μ       315,000      239,952
2.484% 9/16/36 μ        70,000       52,262
6.138% 10/16/26 μ        95,000       96,792
NBK SPC 144A 1.625% 9/15/27 #, μ       200,000      176,909
PNC Financial Services Group 2.60% 7/23/26        180,000      166,323
State Street      
3.10% 5/15/23         10,000        9,955
3.30% 12/16/24        130,000      125,927
SVB Financial Group 4.00% 5/15/26 μ, ψ       305,000      224,297
Truist Bank 2.636% 9/17/29 μ       185,000      174,383
Truist Financial 4.95% 9/1/25 μ, ψ        55,000       53,918
US Bancorp      
3.00% 7/30/29        150,000      131,606
3.10% 4/27/26        210,000      197,226
3.375% 2/5/24         60,000      58,898
    4,671,013
Basic Industry — 0.53%
AngloGold Ashanti Holdings 3.75% 10/1/30        200,000      171,042
ATI 5.125% 10/1/31         75,000       66,145
Avient 144A 5.75% 5/15/25 #        88,000       86,355
Chemours 144A 5.75% 11/15/28 #       180,000      158,301
CP Atlas Buyer 144A 7.00% 12/1/28 #        70,000       52,238
First Quantum Minerals 144A 7.50% 4/1/25 #       250,000      242,737
FMG Resources August 2006 144A 5.875% 4/15/30 #       140,000      132,030
Freeport-McMoRan 5.45% 3/15/43        230,000      207,988
Metinvest 8.50% 4/23/26        200,000      110,440
Newmont 2.80% 10/1/29        190,000      161,757
NQ-129 [2/23] 04/23 (2832203)    7
Schedule of investments
Delaware Wealth Builder Fund   (Unaudited)
    Principal
amount° 		Value (US $)
Corporate Bonds (continued)
Basic Industry (continued)
Novelis 144A 4.75% 1/30/30 #       175,000 $    153,928
Olin 5.00% 2/1/30        100,000       91,112
Sherwin-Williams      
2.90% 3/15/52        235,000      144,894
3.30% 5/15/50        105,000      71,780
    1,850,747
Brokerage — 0.05%
Jefferies Financial Group      
4.15% 1/23/30        170,000      153,799
6.45% 6/8/27         10,000       10,351
6.50% 1/20/43          5,000       5,133
      169,283
Capital Goods — 0.56%
ARD Finance 144A PIK 6.50% 6/30/27 #, >       200,000      163,768
Bombardier 144A 7.50% 2/1/29 #        35,000       34,335
Cemex 144A 7.375% 6/5/27 #       200,000      203,302
Clydesdale Acquisition Holdings 144A 8.75% 4/15/30 #        70,000       63,313
Mauser Packaging Solutions Holding      
144A 7.875% 8/15/26 #       150,000      151,077
144A 9.25% 4/15/27 #        55,000       51,760
Roller Bearing Co. of America 144A 4.375% 10/15/29 #       190,000      164,464
Sealed Air 144A 5.00% 4/15/29 #       130,000      118,831
Teledyne Technologies      
0.95% 4/1/24        105,000       99,797
2.75% 4/1/31        430,000      352,021
Terex 144A 5.00% 5/15/29 #       195,000      179,214
TK Elevator US Newco 144A 5.25% 7/15/27 #       200,000      181,398
TransDigm 144A 6.25% 3/15/26 #       187,000     184,742
    1,948,022
Communications — 1.34%
Altice France 144A 5.50% 10/15/29 #       180,000      141,063
Altice France Holding 144A 6.00% 2/15/28 #       310,000      215,946
AT&T      
1.70% 3/25/26        105,000       94,381
3.50% 9/15/53        100,000       68,734
4.35% 3/1/29        280,000      265,595
8    NQ-129 [2/23] 04/23 (2832203)
(Unaudited)
    Principal
amount° 		Value (US $)
Corporate Bonds (continued)
Communications (continued)
Charter Communications Operating      
3.85% 4/1/61        150,000 $     88,483
4.40% 12/1/61         40,000       26,092
4.80% 3/1/50        240,000      175,666
5.05% 3/30/29        100,000       93,457
Comcast      
2.80% 1/15/51         89,000       56,873
3.20% 7/15/36        221,000      178,009
Connect Finco 144A 6.75% 10/1/26 #       250,000      231,535
Consolidated Communications      
144A 5.00% 10/1/28 #        80,000       53,304
144A 6.50% 10/1/28 #       125,000       91,563
Crown Castle 1.05% 7/15/26        375,000      324,790
CT Trust 144A 5.125% 2/3/32 #       200,000      158,200
Discovery Communications 4.00% 9/15/55         40,000       25,897
Frontier Communications Holdings      
144A 5.00% 5/1/28 #        25,000       21,963
144A 5.875% 10/15/27 #       253,000      235,290
5.875% 11/1/29         55,000       44,123
144A 6.75% 5/1/29 #        75,000       63,141
Liberty Broadband 144A 3.125% 3/31/53 #     1,430,000    1,405,689
Millicom International Cellular 144A 4.50% 4/27/31 #       200,000      161,700
Time Warner Cable 7.30% 7/1/38         60,000       60,206
Time Warner Cable Enterprises 8.375% 3/15/23         25,000       25,019
T-Mobile USA 3.00% 2/15/41        170,000      118,419
Verizon Communications      
2.10% 3/22/28        200,000      172,696
4.50% 8/10/33         95,000      88,375
    4,686,209
Consumer Cyclical — 0.19%
Aptiv 3.10% 12/1/51        285,000      172,301
Ford Motor Credit 2.90% 2/16/28        260,000      217,486
Lowe's 4.25% 4/1/52        270,000      212,827
VICI Properties 4.95% 2/15/30         75,000      70,088
      672,702
NQ-129 [2/23] 04/23 (2832203)    9
Schedule of investments
Delaware Wealth Builder Fund   (Unaudited)
    Principal
amount° 		Value (US $)
Corporate Bonds (continued)
Consumer Goods — 0.06%
Pilgrim's Pride 4.25% 4/15/31        110,000 $     91,962
Post Holdings 144A 5.625% 1/15/28 #       120,000     114,708
      206,670
Consumer Non-Cyclical — 0.46%
Bunge Finance      
1.63% 8/17/25        150,000      136,794
2.75% 5/14/31        165,000      135,936
Central American Bottling 144A 5.25% 4/27/29 #       200,000      184,312
CVS Health      
2.70% 8/21/40        555,000      375,476
3.25% 8/15/29        185,000      163,476
InRetail Consumer 144A 3.25% 3/22/28 #       200,000      170,480
MHP Lux 6.95% 4/3/26        200,000      100,000
Royalty Pharma 1.20% 9/2/25        370,000     331,389
    1,597,863
Electric — 0.89%
Appalachian Power 4.50% 8/1/32        175,000      163,477
Berkshire Hathaway Energy 2.85% 5/15/51        100,000       65,066
Calpine      
144A 4.50% 2/15/28 #        67,000       60,391
144A 5.00% 2/1/31 #       185,000      152,433
144A 5.25% 6/1/26 #        60,000       57,576
Duke Energy 4.875% 9/16/24 μ, ψ       240,000      232,800
Duke Energy Carolinas 3.95% 11/15/28        225,000      214,632
Entergy Louisiana 4.95% 1/15/45          5,000        4,678
Entergy Mississippi 2.85% 6/1/28         60,000       53,964
Entergy Texas 3.55% 9/30/49        115,000       83,697
Evergy Metro 3.65% 8/15/25         25,000       23,902
Nevada Power 5.90% 5/1/53        165,000      177,530
NextEra Energy Capital Holdings      
3.00% 1/15/52        270,000      176,868
5.65% 5/1/79 μ        55,000       51,150
PacifiCorp 2.90% 6/15/52        425,000      282,240
PPL Capital Funding 144A 2.875% 3/15/28 #       410,000      403,828
Southern California Edison      
4.00% 4/1/47        320,000      251,445
4.875% 3/1/49         45,000       40,190
Southwestern Electric Power 4.10% 9/15/28        165,000      156,218
UEP Penonome II 144A 6.50% 10/1/38 #       184,656      142,842
10    NQ-129 [2/23] 04/23 (2832203)
(Unaudited)
    Principal
amount° 		Value (US $)
Corporate Bonds (continued)
Electric (continued)
Vistra      
144A 7.00% 12/15/26 #, μ, ψ       225,000 $    210,693
144A 8.00% 10/15/26 #, μ, ψ        90,000      86,498
    3,092,118
Energy — 1.56%
Ascent Resources Utica Holdings      
144A 5.875% 6/30/29 #       160,000      139,366
144A 7.00% 11/1/26 #        80,000       77,722
BP Capital Markets America 2.939% 6/4/51        275,000      182,864
Callon Petroleum      
144A 7.50% 6/15/30 #        50,000       47,020
144A 8.00% 8/1/28 #       170,000      166,868
CNX Midstream Partners 144A 4.75% 4/15/30 #        65,000       53,362
CNX Resources 144A 6.00% 1/15/29 #       135,000      122,541
Crestwood Midstream Partners 144A 6.00% 2/1/29 #       188,000      171,226
Diamondback Energy 3.125% 3/24/31        235,000      197,240
Enbridge 2.50% 8/1/33        245,000      189,424
Energean Israel Finance 144A 4.875% 3/30/26 #       200,000      185,750
Energy Transfer      
5.25% 4/15/29         95,000       92,752
6.25% 4/15/49         60,000       57,172
6.50% 11/15/26 μ, ψ       120,000      110,906
Enterprise Products Operating 3.20% 2/15/52        335,000      224,947
EQM Midstream Partners 144A 4.75% 1/15/31 #       235,000      191,178
Genesis Energy      
7.75% 2/1/28        285,000      273,144
8.00% 1/15/27        175,000      171,326
Hilcorp Energy I      
144A 6.00% 4/15/30 #       145,000      131,743
144A 6.00% 2/1/31 #        20,000       18,019
144A 6.25% 4/15/32 #        83,000       75,371
Marathon Oil 4.40% 7/15/27        230,000      219,259
MPLX      
4.00% 3/15/28         30,000       28,106
5.50% 2/15/49         55,000       49,484
Murphy Oil 6.375% 7/15/28        295,000      285,065
NuStar Logistics      
5.625% 4/28/27        163,000      151,922
6.00% 6/1/26         78,000       74,195
NQ-129 [2/23] 04/23 (2832203)    11
Schedule of investments
Delaware Wealth Builder Fund   (Unaudited)
    Principal
amount° 		Value (US $)
Corporate Bonds (continued)
Energy (continued)
Occidental Petroleum      
6.45% 9/15/36         55,000 $     55,350
6.60% 3/15/46        155,000      157,942
6.625% 9/1/30         40,000       41,157
PDC Energy 5.75% 5/15/26        205,000      196,054
Southwestern Energy      
5.375% 2/1/29         20,000       18,729
5.375% 3/15/30         95,000       86,925
Targa Resources Partners 5.00% 1/15/28        230,000      219,272
Tengizchevroil Finance Co. International 144A 2.625% 8/15/25 #       200,000      178,703
Tennessee Gas Pipeline 144A 2.90% 3/1/30 #       130,000      109,952
USA Compression Partners      
6.875% 4/1/26         80,000       76,757
6.875% 9/1/27        143,000      135,584
Valero Energy 3.65% 12/1/51        310,000      220,162
Vital Energy 144A 7.75% 7/31/29 #       120,000      104,064
Weatherford International 144A 8.625% 4/30/30 #       155,000     154,971
    5,443,594
Finance Companies — 0.30%
AerCap Ireland Capital 4.45% 4/3/26        300,000      285,295
Air Lease 2.875% 1/15/26        250,000      230,600
Aviation Capital Group      
144A 1.95% 1/30/26 #       365,000      322,612
144A 3.50% 11/1/27 #       250,000     219,515
    1,058,022
Financial Services — 0.22%
AerCap Holdings 5.875% 10/10/79 μ       185,000      176,765
Air Lease 4.65% 6/15/26 μ, ψ       135,000      121,231
Castlelake Aviation Finance 144A 5.00% 4/15/27 #       170,000      152,861
Midcap Financial Issuer Trust 144A 6.50% 5/1/28 #       200,000      172,825
MSCI 144A 3.625% 11/1/31 #       155,000     129,765
      753,447
Financials — 0.06%
MAF Global Securities 7.875% 6/30/27 μ, ψ       200,000     204,389
      204,389
12    NQ-129 [2/23] 04/23 (2832203)
(Unaudited)
    Principal
amount° 		Value (US $)
Corporate Bonds (continued)
Government Agency — 0.44%
Banco Nacional de Panama 144A 2.50% 8/11/30 #       200,000 $    159,365
Development Bank of Kazakhstan 144A 10.95% 5/6/26 # KZT 100,000,000      184,234
Georgian Railway 4.00% 6/17/28        200,000      177,800
Hutama Karya Persero 144A 3.75% 5/11/30 #       200,000      179,760
KazTransGas 144A 4.375% 9/26/27 #       381,000      344,368
OCP 144A 3.75% 6/23/31 #       200,000      160,980
PTTEP Treasury Center 144A 2.587% 6/10/27 #       185,000      165,865
QatarEnergy 144A 2.25% 7/12/31 #       200,000     164,718
    1,537,090
Healthcare — 0.54%
AthenaHealth Group 144A 6.50% 2/15/30 #        55,000       43,571
Bausch Health      
144A 11.00% 9/30/28 #        88,000       69,298
144A 14.00% 10/15/30 #        17,000       10,850
Cheplapharm Arzneimittel 144A 5.50% 1/15/28 #       200,000      177,131
CHS 144A 4.75% 2/15/31 #       135,000      104,447
DaVita      
144A 3.75% 2/15/31 #        70,000       52,929
144A 4.625% 6/1/30 #       150,000      123,784
Encompass Health 5.75% 9/15/25        174,000      171,208
Hadrian Merger Sub 144A 8.50% 5/1/26 #       200,000      164,378
HCA      
5.375% 2/1/25        124,000      122,886
7.58% 9/15/25        159,000      163,296
ModivCare Escrow Issuer 144A 5.00% 10/1/29 #       135,000      114,353
Organon & Co. 144A 5.125% 4/30/31 #       250,000      212,489
Tenet Healthcare      
4.25% 6/1/29        175,000      153,405
6.125% 10/1/28        200,000     185,180
    1,869,205
Insurance — 0.63%
Aon 5.00% 9/12/32        400,000      391,446
Athene Global Funding 144A 1.00% 4/16/24 #        90,000       84,676
Athene Holding 3.95% 5/25/51        365,000      255,442
Berkshire Hathaway Finance 3.85% 3/15/52        350,000      283,008
GA Global Funding Trust 144A 1.00% 4/8/24 #       365,000      344,488
HUB International 144A 5.625% 12/1/29 #       155,000      133,239
Jones Deslauriers Insurance Management 144A 10.50% 12/15/30 #       225,000      228,798
NQ-129 [2/23] 04/23 (2832203)    13
Schedule of investments
Delaware Wealth Builder Fund   (Unaudited)
    Principal
amount° 		Value (US $)
Corporate Bonds (continued)
Insurance (continued)
NFP      
144A 6.875% 8/15/28 #       120,000 $    102,342
144A 7.50% 10/1/30 #        55,000       52,420
USI 144A 6.875% 5/1/25 #       343,000     337,320
    2,213,179
Leisure — 0.39%
Boyd Gaming      
4.75% 12/1/27        185,000      173,615
144A 4.75% 6/15/31 #        50,000       44,195
Caesars Entertainment 144A 8.125% 7/1/27 #        78,000       78,851
Carnival      
144A 5.75% 3/1/27 #       330,000      271,860
144A 7.625% 3/1/26 #       175,000      157,301
Royal Caribbean Cruises 144A 5.50% 4/1/28 #       400,000      349,000
Scientific Games Holdings 144A 6.625% 3/1/30 #       185,000      162,895
Scientific Games International 144A 7.25% 11/15/29 #       115,000     113,131
    1,350,848
Media — 0.49%
AMC Networks 4.25% 2/15/29        145,000      106,658
CCO Holdings      
144A 4.50% 8/15/30 #        80,000       65,885
4.50% 5/1/32         45,000       35,663
144A 5.375% 6/1/29 #       380,000      339,283
CMG Media 144A 8.875% 12/15/27 #       205,000      138,163
CSC Holdings      
144A 3.375% 2/15/31 #       200,000      137,340
144A 5.00% 11/15/31 #       215,000      114,697
5.25% 6/1/24          5,000        4,849
Cumulus Media New Holdings 144A 6.75% 7/1/26 #       183,000      157,349
Directv Financing 144A 5.875% 8/15/27 #       115,000      102,946
DISH DBS 144A 5.75% 12/1/28 #       125,000      100,084
Gray Television 144A 4.75% 10/15/30 #       175,000      128,464
Sirius XM Radio 144A 4.00% 7/15/28 #       315,000     269,608
    1,700,989
Natural Gas — 0.12%
Atmos Energy      
2.85% 2/15/52         95,000       62,240
5.75% 10/15/52        170,000      178,524
14    NQ-129 [2/23] 04/23 (2832203)
(Unaudited)
    Principal
amount° 		Value (US $)
Corporate Bonds (continued)
Natural Gas (continued)
Infraestructura Energetica Nova 144A 3.75% 1/14/28 #       205,000 $    185,786
      426,550
Real Estate Investment Trusts — 0.04%
VICI Properties      
144A 3.875% 2/15/29 #        35,000       30,465
144A 5.75% 2/1/27 #       120,000     117,179
      147,644
Retail — 0.35%
Asbury Automotive Group      
144A 4.625% 11/15/29 #       170,000      147,996
4.75% 3/1/30         85,000       73,736
Bath & Body Works      
6.875% 11/1/35        180,000      159,083
6.95% 3/1/33        122,000      106,280
Levi Strauss & Co. 144A 3.50% 3/1/31 #        90,000       73,671
LSF9 Atlantis Holdings 144A 7.75% 2/15/26 #       184,000      161,983
Michaels      
144A 5.25% 5/1/28 #        75,000       62,494
144A 7.875% 5/1/29 #        60,000       45,222
Murphy Oil USA 144A 3.75% 2/15/31 #       165,000      133,677
PetSmart 144A 7.75% 2/15/29 #       250,000     244,125
    1,208,267
Services — 0.39%
CDW 3.569% 12/1/31        200,000      165,259
Gartner 144A 4.50% 7/1/28 #       125,000      114,869
Iron Mountain 144A 4.50% 2/15/31 #       320,000      265,247
NESCO Holdings II 144A 5.50% 4/15/29 #       105,000       93,689
Prime Security Services Borrower 144A 5.75% 4/15/26 #       225,000      217,668
Staples 144A 7.50% 4/15/26 #       157,000      139,906
United Rentals North America 3.875% 2/15/31        176,000      150,807
Univar Solutions USA 144A 5.125% 12/1/27 #       135,000      128,483
White Cap Buyer 144A 6.875% 10/15/28 #        65,000       59,092
White Cap Parent 144A PIK 8.25% 3/15/26 #, «        26,000      24,540
    1,359,560
Technology — 0.37%
Autodesk 2.40% 12/15/31        300,000      240,146
Broadcom 144A 3.469% 4/15/34 #       345,000      273,272
NQ-129 [2/23] 04/23 (2832203)    15
Schedule of investments
Delaware Wealth Builder Fund   (Unaudited)
    Principal
amount° 		Value (US $)
Corporate Bonds (continued)
Technology (continued)
CDW 3.276% 12/1/28        285,000 $    246,047
Marvell Technology 2.45% 4/15/28        260,000      222,561
PayPal Holdings 2.65% 10/1/26        340,000     313,956
    1,295,982
Technology & Electronics — 0.28%
Clarios Global 144A 8.50% 5/15/27 #        85,000       84,596
CommScope Technologies 144A 6.00% 6/15/25 #        80,000       76,748
Entegris Escrow      
144A 4.75% 4/15/29 #        63,000       57,340
144A 5.95% 6/15/30 #       165,000      153,670
Go Daddy Operating 144A 3.50% 3/1/29 #       175,000      146,786
NCR 144A 5.25% 10/1/30 #       125,000      103,488
Sensata Technologies 144A 4.00% 4/15/29 #       200,000      176,619
SS&C Technologies 144A 5.50% 9/30/27 #       195,000     183,698
      982,945
Telecommunications — 0.05%
Digicel International Finance 144A 8.75% 5/25/24 #       200,000     176,171
      176,171
Transportation — 0.27%
American Airlines 144A 5.75% 4/20/29 #        82,185       78,248
Delta Air Lines 7.375% 1/15/26         97,000       99,900
Grupo Aeromexico 144A 8.50% 3/17/27 #       200,000      180,063
Mileage Plus Holdings 144A 6.50% 6/20/27 #       162,000      162,162
Rumo Luxembourg 144A 5.25% 1/10/28 #       200,000      184,250
Rutas 2 and 7 Finance 144A 3.413% 9/30/36 #, ^       186,666      118,350
United Airlines      
144A 4.375% 4/15/26 #        65,000       61,235
144A 4.625% 4/15/29 #        80,000      70,995
      955,203
Utilities — 0.05%
Sociedad de Transmision Austral 144A 4.00% 1/27/32 #       200,000     166,676
      166,676
Total Corporate Bonds
(cost $47,940,868) 		 42,694,627
16    NQ-129 [2/23] 04/23 (2832203)
(Unaudited)
    Principal
amount° 		Value (US $)
Non-Agency Asset-Backed Securities — 0.34%
Diamond Infrastructure Funding
Series 2021-1A A 144A 1.76% 4/15/49 # 		      100,000 $     84,211
Domino's Pizza Master Issuer
Series 2021-1A A2I 144A 2.662% 4/25/51 # 		       98,250       84,133
Enterprise Fleet Financing
Series 2022-2 A2 144A 4.65% 5/21/29 # 		      150,000      148,238
Taco Bell Funding
Series 2021-1A A2I 144A 1.946% 8/25/51 # 		      197,500      170,442
Toyota Auto Loan Extended Note Trust
Series 2022-1A A 144A 3.82% 4/25/35 # 		      250,000      238,215
Trafigura Securitisation Finance
Series 2021-1A A2 144A 1.08% 1/15/25 # 		      250,000      226,499
Volkswagen Auto Lease Trust
Series 2022-A A3 3.44% 7/21/25 		      230,000     224,954
Total Non-Agency Asset-Backed Securities
(cost $1,275,577) 		  1,176,692
Non-Agency Collateralized Mortgage Obligations — 0.03%
JP Morgan Mortgage Trust
Series 2021-10 A3 144A 2.50% 12/25/51 #, • 		       44,087       35,735
Morgan Stanley Residential Mortgage Loan Trust
Series 2021-4 A3 144A 2.50% 7/25/51 #, • 		       88,551      71,332
Total Non-Agency Collateralized Mortgage Obligations
(cost $135,063) 		    107,067
Non-Agency Commercial Mortgage-Backed Securities — 1.31%
BANK      
Series 2017-BNK5 B 3.896% 6/15/60 •        95,000       85,220
Series 2019-BN20 A3 3.011% 9/15/62       250,000      219,274
Series 2020-BN25 A5 2.649% 1/15/63       350,000      298,112
Series 2021-BN36 A5 2.47% 9/15/64       615,000      501,599
Series 2022-BNK40 A4 3.394% 3/15/64 •       500,000      440,552
Benchmark Mortgage Trust      
Series 2020-B17 A5 2.289% 3/15/53       350,000      288,979
Series 2020-B20 A5 2.034% 10/15/53       300,000      239,576
Series 2021-B24 A5 2.584% 3/15/54       260,000      214,889
Series 2022-B33 A5 3.458% 3/15/55       500,000      441,954
CD Mortgage Trust
Series 2019-CD8 A4 2.912% 8/15/57 		      250,000      214,274
CFCRE Commercial Mortgage Trust
Series 2016-C7 A3 3.839% 12/10/54 		      100,000       92,710
NQ-129 [2/23] 04/23 (2832203)    17
Schedule of investments
Delaware Wealth Builder Fund   (Unaudited)
    Principal
amount° 		Value (US $)
Non-Agency Commercial Mortgage-Backed Securities (continued)
Citigroup Commercial Mortgage Trust
Series 2019-C7 A4 3.102% 12/15/72 		      350,000 $    306,852
Grace Trust
Series 2020-GRCE A 144A 2.347% 12/10/40 # 		      100,000       77,583
GS Mortgage Securities Trust      
Series 2017-GS6 A3 3.433% 5/10/50       165,000      153,035
Series 2019-GC42 A4 3.001% 9/10/52       350,000      306,731
Series 2020-GC47 A5 2.377% 5/12/53       250,000      208,954
JPM-BB Commercial Mortgage Securities Trust
Series 2015-C33 A4 3.77% 12/15/48 		      150,000      143,172
Wells Fargo Commercial Mortgage Trust
Series 2019-C54 A4 3.146% 12/15/52 		      375,000     330,247
Total Non-Agency Commercial Mortgage-Backed Securities
(cost $5,515,900) 		  4,563,713
Sovereign BondsΔ — 1.93%
Albania — 0.04%
Albania Government International Bond      
  3.50% 11/23/31  EUR     149,000     129,294
      129,294
Angola — 0.05%
Angolan Government International Bond      
  9.375% 5/8/48        200,000     170,940
      170,940
Armenia — 0.04%
Republic of Armenia International Bond      
  144A 3.60% 2/2/31 #       200,000     154,410
      154,410
Bermuda — 0.17%
Bermuda Government International Bonds      
  144A 5.00% 7/15/32 #       400,000      389,914
  5.00% 7/15/32        200,000     194,957
      584,871
Brazil — 0.04%
Brazil Notas do Tesouro Nacional Serie F      
  10.00% 1/1/33  BRL   1,000,000     157,453
      157,453
18    NQ-129 [2/23] 04/23 (2832203)
(Unaudited)
    Principal
amount° 		Value (US $)
Sovereign Bonds (continued)
Chile — 0.17%
Chile Government International Bond 4.34% 3/7/42        200,000 $    171,495
Chile Government International Bonds 2.55% 1/27/32        523,000     430,064
      601,559
Colombia — 0.08%
Colombia Government International Bond 5.20% 5/15/49        200,000      132,921
Colombia Government International Bonds 4.125% 2/22/42        217,000     133,531
      266,452
Dominican Republic — 0.20%
Dominican Republic International Bond 144A 4.875% 9/23/32 #       200,000      167,916
Dominican Republic International Bonds      
  144A 4.50% 1/30/30 #       396,000      341,526
  144A 5.50% 2/22/29 #       200,000     186,067
      695,509
Egypt — 0.05%
Egypt Government International Bond      
  5.25% 10/6/25        200,000     173,438
      173,438
Honduras — 0.04%
Honduras Government International Bond      
  144A 5.625% 6/24/30 #       200,000     160,860
      160,860
Indonesia — 0.23%
Indonesia Government International Bond 4.65% 9/20/32        200,000      195,153
Perusahaan Penerbit SBSN Indonesia III 4.70% 6/6/32        638,000     626,786
      821,939
Ivory Coast — 0.12%
Ivory Coast Government International Bonds      
  144A 4.875% 1/30/32 # EUR     200,000      162,490
  144A 6.125% 6/15/33 #       200,000      173,638
  144A 6.875% 10/17/40 # EUR     100,000      78,481
      414,609
NQ-129 [2/23] 04/23 (2832203)    19
Schedule of investments
Delaware Wealth Builder Fund   (Unaudited)
    Principal
amount° 		Value (US $)
Sovereign Bonds (continued)
Morocco — 0.08%
Morocco Government International Bonds      
  144A 1.375% 3/30/26 # EUR     100,000 $     96,533
  144A 2.375% 12/15/27 #       200,000     170,941
      267,474
Paraguay — 0.21%
Paraguay Government International Bonds      
  144A 4.95% 4/28/31 #       400,000      378,008
  5.60% 3/13/48        400,000     345,875
      723,883
Peru — 0.05%
Corp Financiera de Desarrollo      
  144A 2.40% 9/28/27 #       200,000     171,671
      171,671
Republic of North Macedonia — 0.03%
North Macedonia Government International Bond      
  144A 3.675% 6/3/26 # EUR     100,000      96,860
       96,860
Romania — 0.01%
Romanian Government International Bond      
  144A 2.625% 12/2/40 # EUR      73,000      43,981
       43,981
Senegal — 0.05%
Senegal Government International Bond      
  144A 6.25% 5/23/33 #       200,000     166,520
      166,520
South Africa — 0.13%
Republic of South Africa Government International
Bonds 		     
  5.65% 9/27/47        400,000      292,974
  5.75% 9/30/49        210,000     153,736
      446,710
20    NQ-129 [2/23] 04/23 (2832203)
(Unaudited)
    Principal
amount° 		Value (US $)
Sovereign Bonds (continued)
Uzbekistan — 0.14%
Republic of Uzbekistan International Bonds      
  144A 3.90% 10/19/31 #       300,000 $    240,525
  144A 4.75% 2/20/24 #       250,000     244,657
      485,182
Total Sovereign Bonds
(cost $7,605,206) 		  6,733,615
Supranational Banks — 0.22%
Banco Latinoamericano de Comercio Exterior
144A 2.375% 9/14/25 # 		      250,000      231,125
Banque Ouest Africaine de Developpement
144A 4.70% 10/22/31 # 		      402,000      345,720
Corp Andina de Fomento
5.25% 11/21/25 		      200,000     199,147
Total Supranational Banks
(cost $860,395) 		    775,992
US Treasury Obligations — 4.47%
US Treasury Bonds      
2.25% 8/15/46     1,490,000    1,076,059
3.25% 5/15/42       480,000      424,425
3.50% 2/15/53       125,000      119,043
4.00% 11/15/42       905,000      892,415
4.00% 11/15/52       535,000      544,697
4.375% 2/15/38       555,000      581,796
4.75% 2/15/37       150,000      164,168
US Treasury Floating Rate Notes      
4.477% (USBMMY3M + 0.14%) 10/31/24 •       790,000      790,654
4.936% (USBMMY3M + 0.20%) 1/31/25 •       105,000      105,120
US Treasury Notes      
3.50% 1/31/28     1,175,000    1,139,383
3.50% 1/31/30     1,370,000    1,323,334
3.625% 12/31/29       665,000      656,999
3.75% 12/31/27     2,030,000    2,000,502
4.125% 11/15/32     1,035,000    1,051,657
4.25% 10/31/27     3,415,000    3,398,259
4.375% 11/15/25     1,200,000    1,198,078
US Treasury Strip Principal
2.311% 5/15/44 ^ 		      310,000     130,932
NQ-129 [2/23] 04/23 (2832203)    21
Schedule of investments
Delaware Wealth Builder Fund   (Unaudited)
    Principal
amount° 		Value (US $)
US Treasury Obligations (continued)
Total US Treasury Obligations
(cost $16,485,426) 		 15,597,521
    Number of
shares 		 
Common Stocks — 55.40%
Communication Services — 2.54%
Alphabet Class A †       4,800 $    432,288
AT&T        41,101      777,220
Comcast Class A       49,503    1,840,026
KDDI        8,400      245,914
Orange       43,800      499,964
Publicis Groupe        5,110      406,661
Verizon Communications       74,299    2,883,544
Walt Disney †      17,866   1,779,632
    8,865,249
Consumer Discretionary — 7.45%
adidas AG        4,730      708,714
Amazon.com †       3,587      338,003
APA       21,798      836,607
Bath & Body Works       29,696    1,213,676
Best Buy       14,362    1,193,626
Darden Restaurants          585       83,649
Dollar General        7,611    1,646,259
Dollar Tree †      12,200    1,772,416
eBay       11,586      531,797
Ethan Allen Interiors        3,314       97,929
H & M Hennes & Mauritz Class B       27,720      349,651
Home Depot        7,461    2,212,485
Lowe's       17,412    3,582,519
Macy's       15,879      324,884
NIKE Class B       10,284    1,221,636
PulteGroup       10,409      569,060
Ross Stores       12,956    1,432,156
Sodexo        8,360      775,830
Starbucks        8,121      829,073
Sturm Ruger & Co.        5,733      334,062
Swatch Group        2,430      844,185
TJX       46,241    3,542,061
Tractor Supply        6,556   1,529,253
   25,969,531
22    NQ-129 [2/23] 04/23 (2832203)
(Unaudited)
    Number of
shares 		Value (US $)
Common Stocks (continued)
Consumer Staples — 3.88%
Altria Group       35,349 $  1,641,254
Archer-Daniels-Midland       20,300    1,615,880
Asahi Group Holdings        5,200      183,932
Conagra Brands       49,300    1,795,013
Danone       12,970      730,366
Diageo       23,060      978,864
Essity Class B       26,830      725,343
Kao       15,400      575,711
Koninklijke Ahold Delhaize       36,820    1,168,920
Nestle        8,500      957,350
Philip Morris International       19,123    1,860,668
Seven & i Holdings        5,500      246,006
Unilever       17,350      863,160
Vector Group       14,610     193,875
   13,536,342
Energy — 3.49%
Chevron        7,399    1,189,537
ConocoPhillips       28,487    2,944,132
Coterra Energy       28,368      708,349
Devon Energy        3,483      187,803
EOG Resources        4,921      556,172
EQT       18,731      621,495
Exxon Mobil       28,185    3,097,813
Kinder Morgan       42,697      728,411
Marathon Petroleum       14,329    1,771,064
Viper Energy Partners       12,746     364,918
   12,169,694
Financials — 6.52%
Ally Financial       12,313      370,006
American Financial Group        3,525      472,738
American International Group       30,300    1,851,633
Ameriprise Financial        4,349    1,491,142
BlackRock        2,272    1,566,385
Blackstone       13,470    1,223,076
Carlyle Group       25,721      884,802
Discover Financial Services        4,569      511,728
Fidelity National Financial       14,719      586,699
Invesco       47,018      830,338
Jackson Financial Class A       26,822    1,217,182
MetLife       50,778    3,642,306
NQ-129 [2/23] 04/23 (2832203)    23
Schedule of investments
Delaware Wealth Builder Fund   (Unaudited)
    Number of
shares 		Value (US $)
Common Stocks (continued)
Financials (continued)
Moelis & Co. Class A       11,021 $    472,029
Principal Financial Group       15,874    1,421,675
Prudential Financial       15,841    1,584,100
Synchrony Financial       28,694    1,024,663
Truist Financial       37,300    1,751,235
US Bancorp       38,700   1,847,151
   22,748,888
Healthcare — 7.73%
AbbVie       14,353    2,208,927
AmerisourceBergen        9,377    1,458,686
Amgen        1,635      378,764
Baxter International       33,900    1,354,305
Bristol-Myers Squibb       27,200    1,875,712
CareTrust REIT        3,314       65,186
Cigna Group        5,400    1,577,340
CVS Health       18,200    1,520,428
Fresenius Medical Care AG & Co.       10,640      415,495
Gilead Sciences       12,053      970,628
Hologic †      21,881    1,742,603
Johnson & Johnson       27,949    4,283,464
McKesson        1,041      364,152
Medical Properties Trust        1,178       12,133
Merck & Co.       37,642    3,999,086
Novo Nordisk Class B        3,930      556,350
Omega Healthcare Investors          419       11,225
Pfizer       43,254    1,754,815
Roche Holding        2,330      672,394
Smith & Nephew       66,780      952,670
UnitedHealth Group        1,371      652,514
Ventas        2,407     117,101
   26,943,978
Industrials — 3.29%
Boise Cascade       12,514      864,843
Dover       11,817    1,771,368
Honeywell International        9,133    1,748,787
Intertek Group       10,530      528,679
Knorr-Bremse        6,190      421,768
Lockheed Martin        1,083      513,624
Makita       21,900      546,877
Masco        8,025      420,751
24    NQ-129 [2/23] 04/23 (2832203)
(Unaudited)
    Number of
shares 		Value (US $)
Common Stocks (continued)
Industrials (continued)
Northrop Grumman        3,500 $  1,624,385
Raytheon Technologies       18,879    1,851,841
Robert Half International        4,565      368,030
Securitas Class B       92,990     802,869
   11,463,822
Information Technology — 13.95%
Accenture Class A        2,667      708,222
Amadeus IT Group †      14,270      896,547
Apple       55,731    8,215,307
Applied Materials        7,910      918,747
Broadcom        6,987    4,152,304
Cisco Systems       68,931    3,337,639
Cognizant Technology Solutions Class A       28,232    1,768,170
Dell Technologies Class C       20,886      848,807
Digital Realty Trust        2,538      264,536
Equinix          954      656,610
Fidelity National Information Services       26,463    1,676,960
HP       48,886    1,443,115
KLA        1,905      722,719
Lam Research        2,748    1,335,556
Microchip Technology        5,644      457,333
Microsoft       28,315    7,062,327
Monolithic Power Systems        3,252    1,574,911
Motorola Solutions        7,200    1,892,232
NetApp       19,368    1,250,204
NVIDIA       11,852    2,751,560
Oracle       22,000    1,922,800
Paychex       14,052    1,551,341
QUALCOMM       11,474    1,417,383
SAP        7,640      868,527
Western Union       74,326     963,265
   48,657,122
Materials — 1.34%
Air Liquide        6,390    1,017,590
CF Industries Holdings        8,438      724,740
Dow       17,036      974,459
DuPont de Nemours       26,000    1,898,780
Ryerson Holding        1,643      59,033
    4,674,602
NQ-129 [2/23] 04/23 (2832203)    25
Schedule of investments
Delaware Wealth Builder Fund   (Unaudited)
    Number of
shares 		Value (US $)
Common Stocks (continued)
REIT Diversified — 0.57%
Gaming and Leisure Properties        5,785 $    311,696
LXP Industrial Trust        9,364       97,666
Uniti Group       35,983      197,547
VICI Properties       41,518   1,392,099
    1,999,008
REIT Healthcare — 0.28%
Alexandria Real Estate Equities        2,514      376,547
Healthcare Realty Trust        3,661       71,389
Healthpeak Properties        2,383       57,335
Welltower        6,256     463,695
      968,966
REIT Hotel — 0.18%
Apple Hospitality REIT       13,849      228,647
Chatham Lodging Trust        6,850       83,639
Host Hotels & Resorts       13,998      235,166
Park Hotels & Resorts        7,035      96,731
      644,183
REIT Industrial — 0.58%
Plymouth Industrial REIT        2,326       50,311
Prologis       13,571    1,674,661
Rexford Industrial Realty        3,069      185,552
Terreno Realty        2,021     125,727
    2,036,251
REIT Mall — 0.22%
Simon Property Group        6,182     754,760
      754,760
REIT Manufactured Housing — 0.07%
Equity LifeStyle Properties        1,088       74,539
Sun Communities        1,178     168,619
      243,158
REIT Multifamily — 0.94%
American Homes 4 Rent Class A        4,565      141,606
AvalonBay Communities        1,698      292,939
Camden Property Trust        1,885      216,323
Equity Residential       30,749    1,922,428
Essex Property Trust        1,447      330,003
Independence Realty Trust        6,667      120,606
Mid-America Apartment Communities        1,293      207,009
26    NQ-129 [2/23] 04/23 (2832203)
(Unaudited)
    Number of
shares 		Value (US $)
Common Stocks (continued)
REIT Multifamily (continued)
NexPoint Residential Trust          112 $      5,424
UDR        1,068      45,753
    3,282,091
REIT Office — 0.13%
City Office REIT          888        7,512
Cousins Properties        5,884      144,099
Highwoods Properties        5,482      145,273
Kilroy Realty        1,880       67,718
Piedmont Office Realty Trust Class A        9,385      85,873
      450,475
REIT Self-Storage — 0.44%
CubeSmart        2,174      102,156
Extra Space Storage        1,807      297,523
Life Storage        2,635      317,570
National Storage Affiliates Trust        1,938       81,978
Public Storage        2,455     733,922
    1,533,149
REIT Shopping Center — 0.42%
Agree Realty        2,883      204,059
Brixmor Property Group       12,074      273,355
Kimco Realty       10,242      211,088
Kite Realty Group Trust        3,549       77,084
Phillips Edison & Co.        5,124      174,677
Regency Centers        3,512      220,905
Retail Opportunity Investments       10,073      143,339
SITE Centers        8,077      107,989
Urban Edge Properties        2,648       40,779
Washington Prime Group =, †         962           0
    1,453,275
REIT Single Tenant — 0.18%
Four Corners Property Trust        2,338       63,477
Realty Income        5,597      357,928
Spirit Realty Capital        4,626     190,499
      611,904
REIT Specialty — 0.42%
EPR Properties        2,331       95,198
Essential Properties Realty Trust        6,028      155,281
Invitation Homes       11,757      367,524
Iron Mountain       11,216      591,644
NQ-129 [2/23] 04/23 (2832203)    27
Schedule of investments
Delaware Wealth Builder Fund   (Unaudited)
    Number of
shares 		Value (US $)
Common Stocks (continued)
REIT Specialty (continued)
Lamar Advertising Class A          896 $     93,686
Outfront Media        5,699       99,448
WP Carey          709      57,542
    1,460,323
Utilities — 0.78%
Edison International       25,900    1,714,839
Vistra       46,299   1,018,115
    2,732,954
Total Common Stocks
(cost $181,043,098) 		193,199,725
Convertible Preferred Stock — 1.48%
2020 Mandatory Exchangeable Trust 144A 6.50% exercise price $47.09, maturity date 5/16/23 #           484      460,386
Algonquin Power & Utilities 7.75% exercise price $18.00, maturity date 6/15/24          9,623      262,323
AMG Capital Trust II 5.15% exercise price $195.47, maturity date 10/15/37          7,700      405,251
Bank of America 7.25% exercise price $50.00 ω           522      623,184
El Paso Energy Capital Trust I 4.75% exercise price $34.49, maturity date 3/31/28         22,178    1,026,841
Lyondellbasell Advanced Polymers 6.00% exercise price $52.33 ω           612      520,200
RBC Bearings 5.00% exercise price $226.60, maturity date 10/15/24          6,211      696,812
UGI 7.25% exercise price $52.57, maturity date 6/1/24          9,425      806,969
Wells Fargo & Co. 7.50% exercise price $156.71 ω           305     363,844
Total Convertible Preferred Stock
(cost $5,679,534) 		  5,165,810
Exchange-Traded Funds — 8.74%
iShares 0-5 Year Investment Grade Corporate Bond ETF     326,580   15,643,182
iShares Latin America 40 ETF      67,827    1,612,248
iShares MSCI China ETF      44,570    2,133,120
iShares MSCI EAFE ETF          20        1,387
iShares MSCI Emerging Markets Asia ETF      39,187    2,516,589
iShares Trust iShares ESG Aware MSCI EAFE ETF       1,050       73,101
Vanguard FTSE Developed Markets ETF          40        1,767
28    NQ-129 [2/23] 04/23 (2832203)
(Unaudited)
    Number of
shares 		Value (US $)
Exchange-Traded Funds (continued)
Vanguard Russell 2000 ETF     111,840 $  8,493,131
Total Exchange-Traded Funds
(cost $31,142,191) 		 30,474,525
    Principal
amount° 		 
Leveraged Non-Recourse Security — 0.00%
JPMorgan Fixed Income Pass Through Trust Auction
Series 2007-B 144A 0.251% 1/15/87 #, =, ♦ 		    1,300,000       1,300
Total Leveraged Non-Recourse Security
(cost $1,105,000) 		      1,300
    Number of
shares 		 
Short-Term Investments — 1.34%
Money Market Mutual Funds — 1.34%
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.42%)     1,165,391    1,165,391
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.46%)     1,165,391    1,165,391
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 4.57%)     1,165,391    1,165,391
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 4.43%)     1,165,391   1,165,391
Total Short-Term Investments
(cost $4,661,564) 		  4,661,564
Total Value of Securities—99.40%
(cost $345,794,635) 		    346,633,120
Receivables and Other Assets Net of Liabilities—0.60%*       2,085,591
Net Assets Applicable to 26,109,554 Shares Outstanding—100.00%     $348,718,711
° Principal amount shown is stated in USD unless noted that the security is denominated in another currency.
# Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At February 28, 2023, the aggregate value of Rule 144A securities was $35,081,207, which represents 10.06% of the Fund's net assets.
NQ-129 [2/23] 04/23 (2832203)    29
Schedule of investments
Delaware Wealth Builder Fund   (Unaudited)
• Variable rate investment. Rates reset periodically. Rate shown reflects the rate in effect at February 28, 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.
^ Zero-coupon security. The rate shown is the effective yield at the time of purchase.
μ Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at February 28, 2023. Rate will reset at a future date.
ψ Perpetual security. Maturity date represents next call date.
> PIK. 100% of the income received was in the form of cash.
« PIK. The first payment of cash and/or principal will be made after February 28, 2023.
Δ Securities have been classified by country of risk.
† Non-income producing security.
= The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security.
ω Perpetual security with no stated maturity date.
♦ 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.
* Of this amount, $18,411 represents cash collateral posted for futures contracts.
The following foreign currency exchange contracts and futures contracts were outstanding at February 28, 2023:
Foreign Currency Exchange Contracts        
Counterparty   Currency to
Receive (Deliver) 		  In Exchange For   Settlement
Date 		  Unrealized
Appreciation
JPMCB   EUR (809,526)   USD 881,042   4/28/23   $21,795
30    NQ-129 [2/23] 04/23 (2832203)
(Unaudited)
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
14 US Treasury 5 yr Notes   $1,498,766   $1,501,643   6/30/23   $(2,877)   $(110)
2 US Treasury 10 yr Notes   223,313   223,456   6/21/23   (144)   94
(3) US Treasury 10 yr Ultra Notes   (351,562)   (350,547)   6/21/23   (1,015)   (281)
Total Futures Contracts   $1,374,552       $(4,036)   $(297)
The use of foreign currency exchange contracts and futures contracts involves elements of market risk and risks in excess of the amounts disclosed in the financial statements. The foreign currency exchange contracts and 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.
The use of foreign currency exchange contracts and futures contracts involves elements of market risk and risks in excess of the amounts disclosed in the schedule of investments. The foreign currency exchange contracts and notional amounts presented above represent the Fund's total exposure in such contracts, whereas only the net unrealized appreciation (depreciation) and variation margin are reflected in the Fund's net assets.
Summary of abbreviations:
AG – Aktiengesellschaft
CLO – Collateralized Loan Obligation
EAFE – Europe, Australasia, and Far East
ESG – Environmental, Social, and Governance
ETF – Exchange-Traded Fund
FTSE – Financial Times Stock Exchange
GNMA – Government National Mortgage Association
GS – Goldman Sachs
ICE – Intercontinental Exchange, Inc.
JPM – JPMorgan
JPMCB – JPMorgan Chase Bank
LIBOR – London Interbank Offered Rate
NQ-129 [2/23] 04/23 (2832203)    31
Schedule of investments
Delaware Wealth Builder Fund   (Unaudited)
Summary of abbreviations: (continued)
LIBOR03M – ICE LIBOR USD 3 Month
LIBOR06M – ICE LIBOR USD 6 Month
MSCI – Morgan Stanley Capital International
PIK – Payment-in-kind
REIT – Real Estate Investment Trust
S.F. – Single Family
USBMMY3M – US Treasury 3 Month Bill Money Market Yield
yr – Year
Summary of currencies:
BRL – Brazilian Real
EUR – European Monetary Unit
KZT – Kazakhstani Tenge
USD – US Dollar
32    NQ-129 [2/23] 04/23 (2832203)