NPORT-EX 2 ANS1DEL022924.htm
Schedule of investments
Delaware Small Cap Core Fund  February 29, 2024 (Unaudited)
    Number of
shares 		Value (US $)
Common Stocks — 98.66%
Basic Materials — 7.68%
Boise Cascade      804,601 $  109,353,322
Huntsman    1,291,996     33,075,098
Kaiser Aluminum      628,881     45,606,450
Minerals Technologies    1,359,960     98,406,706
Quaker Chemical      267,176     53,568,788
Summit Materials Class A †   2,691,071    114,935,642
Tecnoglass      901,761     42,166,344
Worthington Enterprises      758,558     47,121,623
Worthington Steel †     836,252    26,475,738
    570,709,711
Business Services — 3.74%
ABM Industries    1,414,994     58,453,402
ASGN †     961,607     95,506,807
BrightView Holdings †   2,159,225     18,806,850
Casella Waste Systems Class A †     860,972     77,573,577
First Advantage    1,302,962     20,404,385
Sterling Check †     481,637     7,547,252
    278,292,273
Capital Goods — 10.87%
Alamo Group      127,218     25,734,929
Ameresco Class A †   1,294,443     27,131,525
Applied Industrial Technologies      694,775    131,930,825
Chart Industries †     412,118     58,875,177
Coherent †     212,531     12,641,344
Columbus McKinnon    1,308,877     54,671,792
Construction Partners Class A †     804,741     38,691,947
ESCO Technologies      417,641     42,553,441
Federal Signal    1,743,761    142,831,464
H&E Equipment Services      741,867     41,908,067
Kadant      239,296     80,714,541
MYR Group †     557,449     90,563,165
Zurn Elkay Water Solutions    1,890,680    60,029,090
    808,277,307
Communications Services — 0.27%
ATN International      596,950    20,021,703
     20,021,703
Consumer Discretionary — 3.95%
Hibbett      503,979     41,301,079
Kontoor Brands      807,302     47,719,621
NQ- NS [0224] 0424 (3502198)    1

 

Schedule of investments
Delaware Small Cap Core Fund   (Unaudited)
    Number of
shares 		Value (US $)
Common Stocks (continued)
Consumer Discretionary (continued)
Malibu Boats Class A †   1,069,017 $   46,651,902
Sonic Automotive Class A      462,064     24,258,360
Steven Madden    2,574,561    110,242,702
Urban Outfitters †     571,572    23,748,817
    293,922,481
Consumer Services — 1.86%
Brinker International †   1,229,591     56,979,247
Chuy's Holdings †     865,772     29,289,067
Jack in the Box      452,358     33,022,134
OneSpaWorld Holdings †   1,475,246    19,237,208
    138,527,656
Consumer Staples — 3.62%
Helen of Troy †     391,668     48,958,500
J & J Snack Foods      531,883     77,165,586
Prestige Consumer Healthcare †   1,672,844    116,396,485
YETI Holdings †     648,072    26,596,875
    269,117,446
Credit Cyclicals — 2.73%
Dana    2,266,886     28,336,075
KB Home      874,105     58,066,795
La-Z-Boy      861,190     32,716,608
Taylor Morrison Home †   1,484,608    84,043,659
    203,163,137
Energy — 6.04%
Magnolia Oil & Gas Class A    2,952,264     66,957,348
Patterson-UTI Energy    9,584,011    110,887,003
Permian Resources    9,207,486    143,268,482
SM Energy    1,775,373     77,708,076
Southwestern Energy †   7,183,451    50,068,654
    448,889,563
Financials — 14.86%
BRP Group Class A †   2,736,622     76,132,824
City Holding      438,492     44,059,676
CNO Financial Group    1,862,080     49,698,915
Enterprise Financial Services      682,270     27,236,218
Essent Group    1,405,572     75,296,492
First Bancorp     1,003,385     34,235,496
First Financial Bancorp    1,791,760     38,881,192
First Interstate BancSystem Class A    1,643,540     43,257,973
2    NQ- NS [0224] 0424 (3502198)

 

(Unaudited)
    Number of
shares 		Value (US $)
Common Stocks (continued)
Financials (continued)
Hamilton Lane Class A      798,254 $   91,679,472
Independent Bank      815,128     42,525,228
Independent Bank Group      680,977     29,779,124
NMI Holdings Class A †   1,798,603     54,101,978
Old National Bancorp    4,349,371     71,460,166
Pacific Premier Bancorp    1,789,527     40,908,587
PJT Partners Class A      606,622     63,937,959
Selective Insurance Group      783,255     81,834,482
SouthState      672,342     56,503,622
United Community Banks    1,673,862     43,537,151
Valley National Bancorp    5,260,295     43,081,816
WesBanco    1,433,605     41,545,873
WSFS Financial    1,287,690    54,585,179
  1,104,279,423
Healthcare — 15.27%
Agios Pharmaceuticals †   1,611,058     52,069,395
Amicus Therapeutics †   5,300,283     67,949,628
Apellis Pharmaceuticals †     175,828     10,896,061
Ardelyx †   1,066,435      9,939,174
Artivion †   2,332,047     45,008,507
AtriCure †   1,175,115     41,093,771
Axsome Therapeutics †     301,085     24,502,297
Azenta †     768,535     50,070,055
Blueprint Medicines †     938,186     87,739,155
CONMED      661,214     53,108,708
Halozyme Therapeutics †   1,795,963     71,497,287
Insmed †   2,205,933     61,148,463
Intra-Cellular Therapies †     914,809     63,597,522
Lantheus Holdings †     951,803     62,228,880
Ligand Pharmaceuticals †     732,343     58,111,417
Merit Medical Systems †   1,039,155     79,183,611
NeoGenomics †   2,439,836     38,061,442
OmniAb †   2,956,758     17,267,467
OmniAb 12.5 =, †     221,566              0
OmniAb 15 =, †     221,566              0
Omnicell †     688,804     18,074,217
Pacific Biosciences of California †   5,520,143     30,526,391
Pacira BioSciences †   1,296,449     38,530,464
Supernus Pharmaceuticals †   2,061,654     61,231,124
TransMedics Group †     812,729     66,318,686
NQ- NS [0224] 0424 (3502198)    3

 

Schedule of investments
Delaware Small Cap Core Fund   (Unaudited)
    Number of
shares 		Value (US $)
Common Stocks (continued)
Healthcare (continued)
Travere Therapeutics †   3,566,035 $   26,959,225
  1,135,112,947
Media — 0.52%
IMAX †   2,244,109    38,441,587
     38,441,587
Real Estate Investment Trusts — 6.64%
Armada Hoffler Properties    2,829,633     28,805,664
Cushman & Wakefield †   4,396,790     43,923,932
DiamondRock Hospitality    5,462,141     51,344,126
Essential Properties Realty Trust       28,644        684,305
Four Corners Property Trust    2,187,511     52,894,016
Independence Realty Trust    4,065,526     59,519,301
Kite Realty Group Trust    3,448,571     73,833,905
LXP Industrial Trust    5,143,246     44,540,510
Phillips Edison & Co.    1,257,253     44,909,077
Physicians Realty Trust    4,251,647     47,745,996
Terreno Realty      707,684    45,504,081
    493,704,913
Technology — 14.95%
Atkore      248,596     42,112,162
Box Class A †   1,987,705     51,262,912
Clearwater Analytics Holdings Class A †     836,711     14,408,164
ExlService Holdings †   2,472,387     76,940,684
Ichor Holdings †   1,072,655     45,909,634
Instructure Holdings †   1,528,934     35,043,167
MACOM Technology Solutions Holdings †     650,466     57,455,662
MaxLinear †   1,859,662     36,151,829
Progress Software      663,623     35,410,923
Q2 Holdings †   1,870,200     86,459,346
Rapid7 †   1,133,409     66,395,099
Semtech †   1,755,955     37,226,246
Silicon Laboratories †     602,604     82,882,154
Sprout Social Class A †     910,917     56,312,889
SPS Commerce †     403,212     74,658,734
Varonis Systems †   1,774,487     90,143,940
Verint Systems †   1,490,947     47,128,835
WNS Holdings ADR †     854,198     49,287,225
Workiva †     532,295     45,841,245
Yelp †   1,109,094     42,633,573
4    NQ- NS [0224] 0424 (3502198)

 

(Unaudited)
    Number of
shares 		Value (US $)
Common Stocks (continued)
Technology (continued)
Ziff Davis †     541,936 $   37,263,519
  1,110,927,942
Transportation — 3.39%
Allegiant Travel      412,413     30,015,418
ArcBest      322,263     46,038,492
Hub Group Class A †   1,373,779     58,426,821
Sun Country Airlines Holdings †   3,080,253     46,203,795
Werner Enterprises    1,771,487    71,107,488
    251,792,014
Utilities — 2.27%
Black Hills    1,122,387     58,397,796
Northwestern Energy Group    1,214,826     58,214,462
Spire      871,701    51,709,303
    168,321,561
Total Common Stocks (cost $6,149,216,587) 7,333,501,664
Short-Term Investments — 0.37%
Money Market Mutual Funds — 0.37%
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 5.20%)   6,988,488      6,988,488
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 5.20%)   6,988,488      6,988,488
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 5.32%)   6,988,488      6,988,488
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 5.22%)   6,988,487     6,988,487
Total Short-Term Investments (cost $27,953,951)    27,953,951
Total Value of Securities—99.03%
(cost $6,177,170,538) 		    7,361,455,615
Receivables and Other Assets Net of Liabilities—0.97%        71,878,520
Net Assets Applicable to 269,983,165 Shares Outstanding—100.00%     $7,433,334,135
† Non-income producing security.
= The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security.
NQ- NS [0224] 0424 (3502198)    5

 

Schedule of investments
Delaware Small Cap Core Fund   (Unaudited)
Summary of abbreviations:
ADR – American Depositary Receipt
6    NQ- NS [0224] 0424 (3502198)