NPORT-EX 2 AIV0850DEL09302022.htm
Schedule of investments
Delaware Ivy VIP International Core Equity 
September 30, 2022 (Unaudited)
    Number of
shares 		Value (US $)
Common Stocks – 95.30%Δ
Australia − 1.27%
Newcrest Mining     492,802 $   5,410,570
     5,410,570
Austria − 1.00%
Mondi     279,334    4,291,252
     4,291,252
Brazil − 4.11%
Banco do Brasil   1,312,411     9,354,640
MercadoLibre †       9,899    8,194,194
    17,548,834
Canada − 7.60%
Canada Goose Holdings †     313,927     4,784,248
Canadian Pacific Railway     143,790     9,598,491
Dollarama     152,804     8,772,112
Suncor Energy     330,030    9,293,928
    32,448,779
China − 5.94%
H World Group ADR     270,324     9,066,667
JD.com ADR     168,132     8,457,040
SITC International Holdings     738,000     1,353,444
Tencent Holdings     191,700    6,474,920
    25,352,071
China/Hong Kong − 5.89%
China Mengniu Dairy †   1,048,000     4,142,854
Li Ning   1,144,000     8,680,539
Prosus      92,604     4,817,873
ZTO Express Cayman ADR     313,124    7,524,370
    25,165,636
Denmark − 3.99%
Ambu Class B *     138,131     1,200,227
AP Moller - Maersk Class A       1,121     1,980,541
AP Moller - Maersk Class B       1,924     3,496,348
Genmab †      32,180   10,352,425
    17,029,541
France − 12.97%
Airbus     101,810     8,776,061
BNP Paribas     151,627     6,404,612
Capgemini      48,806     7,813,867
L'Oreal       6,816     2,179,362
LVMH Moet Hennessy Louis Vuitton       7,351     4,333,964
Thales      71,027     7,826,748
TotalEnergies *     229,743    10,778,297
Vinci      89,915    7,270,597
    55,383,508
Germany − 11.09%
adidas AG      45,549     5,236,369
    Number of
shares 		Value (US $)
Common StocksΔ (continued)
Germany (continued)
Bayer     168,036 $   7,742,182
Deutsche Telekom     526,286     8,958,269
HeidelbergCement     102,205     4,037,523
HelloFresh †     183,203     3,834,791
RWE     205,373     7,548,692
SAP      65,751     5,358,389
Siemens      47,796    4,671,718
    47,387,933
Hong Kong − 1.52%
Prudential     664,000    6,498,990
     6,498,990
India − 0.75%
NTPC   1,651,156    3,224,811
     3,224,811
Japan − 9.07%
Inpex *     795,100     7,415,967
ORIX     387,151     5,423,619
Seven & i Holdings     201,400     8,090,245
Subaru     365,623     5,525,421
Terumo     118,461     3,329,965
Tokio Marine Holdings     503,622    8,950,939
    38,736,156
Netherlands − 3.72%
ING Groep     693,944     5,946,009
Shell     399,004    9,952,406
    15,898,415
Norway − 1.40%
DNB Bank     376,917    5,980,944
     5,980,944
Republic of Korea − 3.77%
LG     119,831     6,146,695
Samsung Electronics     271,015    9,951,468
    16,098,163
Spain − 1.47%
Banco Bilbao Vizcaya Argentaria   1,396,127    6,262,810
     6,262,810
Switzerland − 2.55%
Alcon      71,033     4,132,700
Roche Holding      20,821    6,777,918
    10,910,618
Taiwan − 1.89%
Taiwan Semiconductor Manufacturing     608,000    8,059,279
     8,059,279
NQ-IV085 [9/22] 11/22 (2605371)    1
Schedule of investments
Delaware Ivy VIP International Core Equity   (Unaudited)
    Number of
shares 		Value (US $)
Common StocksΔ (continued)
United Kingdom − 10.64%
AstraZeneca      40,112 $   4,409,492
AstraZeneca ADR     135,690     7,441,240
Haleon †   1,369,119     4,268,865
Haleon ADR †      55,898       340,419
HSBC Holdings   1,636,262     8,472,337
Legal & General Group   2,212,977     5,282,333
Reckitt Benckiser Group     130,962     8,680,380
Tesco   2,851,837    6,545,171
    45,440,237
United States − 4.66%
Schlumberger     228,322     8,196,760
Schneider Electric      48,588     5,488,053
Stellantis     527,678    6,240,768
    19,925,581
Total Common Stocks
(cost $515,096,675) 		 407,054,128
 
Short-Term Investments – 3.77%
Money Market Mutual Funds – 3.77%
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 2.76%)   4,021,689     4,021,689
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 2.74%)   4,021,689     4,021,689
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 2.98%)   4,021,689     4,021,689
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 2.80%)   4,021,689    4,021,689
Total Short-Term Investments
(cost $16,086,756) 		  16,086,756
Total Value of Securities Before
Securities Lending Collateral−99.07%
(cost $531,183,431) 		     423,140,884
    Number of
shares 		Value (US $)
Securities Lending Collateral – 1.50%
Money Market Mutual Fund − 1.50%
Dreyfus Institutional Preference Government Money Market Fund - Institutional Shares (seven-day effective yield 2.98%)   6,424,005 $   6,424,005
Total Securities Lending Collateral
(cost $6,424,005) 		   6,424,005
Total Value of Securities−100.57%
(cost $537,607,436) 		    429,564,889■
Obligation to Return
Securities Lending
Collateral — (1.50%) 		      (6,424,005)
Receivables and Other Assets Net of Liabilities — 0.93%        3,993,233
Net Assets Applicable to 35,796,236 Shares Outstanding — 100.00%      $427,134,117
Summary of abbreviations:
ADR - American Depositary Receipt
AG - Aktiengesellschaft
 
2    NQ-IV085 [9/22] 11/22 (2605371)
(Unaudited)
The following foreign currency exchange contracts were outstanding at September 30, 2022:
Foreign Currency Exchange Contracts            
Counterparty   Currency to
Receive (Deliver) 		  In Exchange For   Settlement
Date 		  Unrealized
Appreciation 		  Unrealized
Depreciation
BNYM   BRL (298,595)   USD 55,514   10/4/22   $221   $—
BNYM   EUR (143,412)   USD 140,396   10/3/22   —   (184)
Total Foreign Currency Exchange Contracts   $221   $(184)
The use of foreign currency exchange contracts involves elements of market risk and risks in excess of the amounts disclosed in the schedule of investments. The foreign currency exchange contracts presented above represent the Portfolio’s total exposure in such contracts, whereas only the net unrealized appreciation (depreciation) is reflected in the Portfolio’s net assets.
Δ Securities have been classified by country of risk.
† Non-income producing security.
* Fully or partially on loan.
■ Includes $30,967,742 of securities loaned for which the counterparty pledged additional non-cash collateral valued at $27,147,951.
Summary of abbreviations: 
BNYM – Bank of New York Mellon
Summary of currencies: 
BRL – Brazilian Real
EUR – European Monetary Unit
USD – US Dollar
NQ-IV085 [9/22] 11/22 (2605371)    3