NPORT-EX 2 IV054DEL123122.htm
Schedule of investments
Delaware Ivy Global Bond Fund 
December 31, 2022 (Unaudited)
    Principal
amount° 		Value (US $)
Agency Mortgage-Backed Securities – 3.12%
Fannie Mae S.F. 20 yr 4.00%
8/1/42 		        506,976 $     480,302
Fannie Mae S.F. 30 yr      
3.50% 1/1/52       2,186,164     1,989,642
5.00% 9/1/52       2,780,017     2,741,571
5.50% 10/1/52       2,148,562     2,155,584
Freddie Mac S.F. 15 yr 4.50%
9/1/37 		        830,512       825,907
Freddie Mac S.F. 30 yr      
4.00% 8/1/52       1,349,210     1,272,623
4.50% 10/1/35         118,726       117,428
4.50% 9/1/52       1,403,738     1,352,477
5.00% 7/1/52       1,657,140    1,634,224
Total Agency Mortgage-Backed Securities (cost $12,886,677)   12,569,758
 
Corporate BondsΔ – 45.43%
Australia − 0.13%
WestConnex Finance Pty
3.15% 3/31/31 		      1,000,000      526,300
       526,300
Brazil − 0.58%
Itau Unibanco Holding 144A
3.25% 1/24/25 # 		      1,230,000     1,190,597
Rumo Luxembourg 144A
5.25% 1/10/28 # 		        435,000       412,706
XP 144A 3.25% 7/1/26 #         800,000      719,976
     2,323,279
Chile − 0.81%
Banco del Estado de Chile
144A 2.704% 1/9/25 # 		      1,500,000     1,418,411
Saci Falabella 3.75% 4/30/23       1,850,000    1,839,476
     3,257,887
China − 0.40%
ENN Energy Holdings 144A
2.625% 9/17/30 # 		      2,000,000    1,623,360
     1,623,360
Colombia − 0.35%
Geopark 144A 5.50%
1/17/27 # 		      1,635,000    1,408,267
     1,408,267
Czech Republic − 0.14%
Energo-Pro 144A 8.50%
2/4/27 # 		        600,000      550,485
       550,485
France − 1.06%
AXA 5.125% 7/4/43 *, μ       1,700,000     1,832,483
    Principal
amount° 		Value (US $)
Corporate BondsΔ (continued)
France (continued)
TotalEnergies 2.708%
5/5/23 μ, ψ 		      1,500,000 $   1,591,934
Verallia 1.875% 11/10/31       1,000,000      837,717
     4,262,134
Germany − 1.63%
Aroundtown 1.625% 1/31/28       1,700,000     1,204,812
Deutsche Bank      
0.75% 2/17/27 μ       1,300,000     1,215,079
5.625% 5/19/31 μ       1,200,000     1,256,043
Volkswagen Leasing 0.50%
1/12/29 		      1,500,000     1,253,250
Vonovia 0.625% 12/14/29         400,000       315,589
Vonovia Finance 2.25%
4/7/30 		      1,500,000    1,324,362
     6,569,135
Guatemala − 0.48%
Central American Bottling
144A 5.25% 4/27/29 # 		      1,500,000     1,401,353
CT Trust 144A 5.125%
2/3/32 # 		        600,000      527,722
     1,929,075
India − 0.85%
Greenko Mauritius 144A
6.25% 2/21/23 #, * 		      1,350,000     1,344,937
Greenko Power II 144A 4.30%
12/13/28 # 		        381,793       320,640
Summit Digitel Infrastructure
144A 2.875% 8/12/31 # 		      2,300,000    1,769,758
     3,435,335
Indonesia − 1.42%
Perusahaan Listrik Negara      
144A 5.375% 1/25/29 #       4,800,000     4,641,549
144A 5.45% 5/21/28 #       1,100,000    1,091,304
     5,732,853
Israel − 0.69%
Bank Hapoalim 144A 3.255%
1/21/32 #, μ 		      2,055,000     1,777,041
Energean Israel Finance
144A 4.875% 3/30/26 # 		      1,100,000    1,021,020
     2,798,061
Italy − 0.22%
Autostrade per l'Italia 2.00%
12/4/28 		      1,000,000      884,038
       884,038
Japan − 0.65%
Sumitomo Mitsui Financial
Group 3.748% 7/19/23 		      2,650,000    2,631,500
     2,631,500
NQ-IV054 [12/22] 2/23 (2742192)    1
Schedule of investments
Delaware Ivy Global Bond Fund   (Unaudited)
    Principal
amount° 		Value (US $)
Corporate BondsΔ (continued)
Kazakhstan − 1.04%
Development Bank of
Kazakhstan 		     
144A 5.75% 5/12/25 #       2,000,000 $   2,002,200
144A 10.95% 5/6/26 #     429,000,000       745,405
KazTransGas JSC 144A
4.375% 9/26/27 # 		      1,588,000    1,439,062
     4,186,667
Kuwait − 1.31%
NBK SPC 144A 1.625%
9/15/27 #, μ 		      6,000,000    5,287,032
     5,287,032
Malaysia − 0.15%
Petronas Capital 144A 3.50%
4/21/30 # 		        650,000      594,470
       594,470
Mexico − 1.42%
Banco Santander Mexico      
144A 5.375% 4/17/25 #       1,150,000     1,140,455
144A 5.95% 10/1/28 #, μ         850,000       849,193
BBVA Bancomer      
144A 1.875% 9/18/25 #       1,400,000     1,271,158
144A 5.875% 9/13/34 #, μ       1,700,000     1,573,016
Corp Inmobiliaria Vesta 144A
3.625% 5/13/31 #, * 		      1,100,000      884,675
     5,718,497
Netherlands − 3.36%
ABN AMRO Bank 2.875%
1/18/28 μ 		      3,800,000     4,067,763
ING Groep      
2.125% 5/26/31 μ       1,200,000     1,167,052
3.00% 4/11/28 μ       7,800,000    8,314,442
    13,549,257
Paraguay − 0.38%
Rutas 2 and 7 Finance 144A
8.67% 9/30/36 #, ^ 		      2,445,334    1,545,523
     1,545,523
Peru − 0.99%
Banco Internacional del Peru
144A 3.25% 10/4/26 # 		        800,000       729,167
Corp. Financiera de
Desarrollo 144A 2.40% 9/28/27 # 		      1,300,000     1,088,952
SAN Miguel Industrias Pet
144A 3.50% 8/2/28 # 		      2,550,000    2,179,404
     3,997,523
    Principal
amount° 		Value (US $)
Corporate BondsΔ (continued)
Singapore − 0.58%
DBS Group Holdings 1.50%
4/11/28 μ 		      2,200,000 $   2,331,814
     2,331,814
South Africa − 0.18%
Bidvest Group UK 144A
3.625% 9/23/26 # 		        822,000      742,776
       742,776
Spain − 0.16%
Abertis Infraestructuras
Finance 3.248% 11/24/25 μ, ψ 		        700,000      636,194
       636,194
Switzerland − 0.86%
Credit Suisse Group 144A
4.282% 1/9/28 # 		      1,800,000     1,494,631
Holcim Finance Luxembourg
0.50% 4/23/31 		      1,500,000     1,198,815
UBS Group 144A 4.751%
5/12/28 #, μ 		        800,000      766,817
     3,460,263
Tanzania − 0.31%
AngloGold Ashanti Holdings
3.75% 10/1/30 		      1,450,000    1,258,864
     1,258,864
Thailand − 0.17%
Thaioil Treasury Center 144A
2.50% 6/18/30 # 		        850,000      665,985
       665,985
Ukraine − 0.35%
Metinvest 8.50% 4/23/26       1,280,000       691,200
MHP Lux 6.95% 4/3/26       1,445,000      715,236
     1,406,436
United Arab Emirates − 0.83%
Galaxy Pipeline Assets Bidco
144A 1.75% 9/30/27 # 		      1,705,179     1,582,453
MAF Sukuk 3.933% 2/28/30       1,901,000    1,772,528
     3,354,981
United Kingdom − 1.58%
Babcock International Group
1.375% 9/13/27 		      1,450,000     1,296,508
Barclays      
2.00% 2/7/28 μ       4,500,000     4,783,388
7.325% 11/2/26 μ         285,000      295,515
     6,375,411
 
2    NQ-IV054 [12/22] 2/23 (2742192)
(Unaudited)
    Principal
amount° 		Value (US $)
Corporate BondsΔ (continued)
United States − 22.15%
Air Lease      
2.875% 1/15/32       1,765,000 $   1,406,650
5.85% 12/15/27       2,230,000     2,231,415
Aircastle 4.40% 9/25/23       2,800,000     2,772,920
Aon 5.00% 9/12/32       1,025,000     1,016,801
Appalachian Power 4.50%
8/1/32 		      1,135,000     1,061,629
Autodesk 2.40% 12/15/31         695,000       556,988
Aviation Capital Group 144A
3.50% 11/1/27 # 		      1,080,000       945,012
Bank of America      
3.648% 3/31/29 *, μ       1,500,000     1,552,946
6.204% 11/10/28 μ       2,160,000     2,234,020
Bank of New York Mellon
5.802% 10/25/28 μ 		        310,000       321,113
CDW 3.276% 12/1/28         760,000       652,107
Celanese US Holdings      
6.05% 3/15/25         990,000       986,985
6.165% 7/15/27         485,000       479,146
Charter Communications
Operating 3.85% 4/1/61 		        400,000       232,753
Citigroup 5.61% 9/29/26 μ       2,190,000     2,201,672
Citizens Bank 6.064%
10/24/25 μ 		      2,120,000     2,145,421
Digital Realty Trust      
4.45% 7/15/28         535,000       507,527
5.55% 1/15/28         930,000       937,823
Discovery Communications
4.00% 9/15/55 		        900,000       543,946
Duke Energy      
2.55% 6/15/31         261,000       213,319
3.10% 6/15/28       1,200,000     1,204,906
Energy Transfer 5.75%
2/15/33 		      1,750,000     1,715,499
Entegris Escrow 144A 4.75%
4/15/29 # 		      1,660,000     1,517,161
Fifth Third Bancorp      
4.337% 4/25/33 μ         686,000       628,727
6.361% 10/27/28 μ         469,000       483,382
Ford Motor Credit      
2.30% 2/10/25         475,000       434,425
2.90% 2/10/29         695,000       556,024
GE HealthCare Technologies      
144A 5.60% 11/15/25 #       2,265,000     2,281,379
144A 5.65% 11/15/27 #       2,265,000     2,295,474
Honeywell International
4.125% 11/2/34 		      1,300,000     1,378,741
Humana      
5.75% 3/1/28         630,000       644,424
5.875% 3/1/33         960,000       994,114
    Principal
amount° 		Value (US $)
Corporate BondsΔ (continued)
United States (continued)
Huntington National Bank
5.65% 1/10/30 		      2,620,000 $   2,646,212
Indianapolis Power & Light
144A 5.65% 12/1/32 # 		      3,390,000     3,487,557
JBS USA LUX 144A 3.625%
1/15/32 # 		      2,865,000     2,324,790
JPMorgan Chase & Co.      
3.54% 5/1/28 μ       2,132,000     1,965,117
4.851% 7/25/28 μ       1,620,000     1,581,809
KeyCorp 4.789% 6/1/33 μ         779,000       737,805
Mileage Plus Holdings 144A
6.50% 6/20/27 # 		      1,093,571     1,089,636
Morgan Stanley      
2.95% 5/7/32 μ       2,200,000     2,092,957
6.138% 10/16/26 μ       2,665,000     2,724,746
6.296% 10/18/28 μ       1,810,000     1,871,681
6.342% 10/18/33 μ       1,030,000     1,082,533
Oracle      
5.80% 11/10/25         885,000       905,797
6.15% 11/9/29       1,885,000     1,961,027
PNC Financial Services
Group 6.20% 9/15/27 μ, ψ 		        355,000       347,811
PPG Industries 2.75% 6/1/29       1,400,000     1,396,497
Raytheon Technologies
2.15% 5/18/30 		        600,000       557,332
Sagicor Financial 144A 5.30%
5/13/28 #, * 		      1,400,000     1,313,578
Southern Co. Gas Capital
5.15% 9/15/32 		      3,591,000     3,535,407
State Street      
5.751% 11/4/26 μ         865,000       886,392
5.82% 11/4/28 μ         605,000       625,863
SVB Financial Group 4.57%
4/29/33 μ 		      1,510,000     1,340,135
Targa Resources Partners
5.00% 1/15/28 		      1,745,000     1,667,502
Truist Financial 6.123%
10/28/33 μ 		      2,041,000     2,153,977
US Bancorp 5.727%
10/21/26 μ 		      2,735,000     2,788,605
Valero Energy 3.65% 12/1/51         880,000       625,306
VICI Properties 4.95%
2/15/30 		      2,310,000     2,202,047
Vistra Operations 144A
5.125% 5/13/25 # 		      2,105,000     2,062,237
Waste Connections 4.20%
1/15/33 		      2,310,000     2,152,584
Wells Fargo & Co. 4.808%
7/25/28 μ 		      1,685,000     1,648,509
Westlake 1.625% 7/17/29       1,200,000     1,042,143
 
NQ-IV054 [12/22] 2/23 (2742192)    3
Schedule of investments
Delaware Ivy Global Bond Fund   (Unaudited)
    Principal
amount° 		Value (US $)
Corporate BondsΔ (continued)
United States (continued)
Zoetis 5.40% 11/14/25       1,310,000 $   1,337,600
    89,289,641
Uzbekistan − 0.20%
Uzbekneftegaz 4.75%
11/16/28 		      1,000,000      805,440
       805,440
Total Corporate Bonds (cost $194,788,945)  183,138,483
 
Sovereign BondsΔ – 24.35%
Albania − 0.19%
Albania Government
International Bond 144A 3.50% 11/23/31 # 		        896,000       781,522
Angola − 0.55%
Angolan Government
International Bonds 		     
144A 8.75% 4/14/32 #       2,200,000     1,910,480
8.75% 4/14/32         345,000      299,598
     2,210,078
Armenia − 0.20%
Republic of Armenia
International Bond 144A 3.60% 2/2/31 # 		        993,000       794,129
Bermuda − 0.90%
Bermuda Government
International Bonds 		     
144A 2.375% 8/20/30 #       1,688,000     1,432,330
144A 5.00% 7/15/32 #         800,000       796,523
5.00% 7/15/32       1,405,000    1,398,893
     3,627,746
Brazil − 0.32%
Brazil Notas do Tesouro
Nacional Serie F 10.00% 1/1/33 		      8,000,000     1,298,485
Chile − 1.31%
Chile Government
International Bonds 		     
3.10% 5/7/41       1,914,000     1,381,597
2.55% 7/27/33       3,000,000     2,356,854
4.34% 3/7/42       1,800,000    1,527,553
     5,266,004
Colombia − 1.73%
Colombia Government
International Bonds 		     
3.00% 1/30/30       2,300,000     1,766,028
3.125% 4/15/31       5,089,000     3,794,937
4.125% 2/22/42 *       2,268,000    1,426,174
     6,987,139
    Principal
amount° 		Value (US $)
Sovereign BondsΔ (continued)
Dominican Republic − 1.15%
Dominican Republic
International Bonds 		     
144A 4.875% 9/23/32 #       3,577,000 $   2,982,542
144A 5.50% 2/22/29 #       1,800,000    1,662,950
     4,645,492
Egypt − 0.34%
Egypt Government
International Bond 5.25% 10/6/25 		      1,543,000     1,389,410
Finland − 1.87%
Finland Government Bond
144A 1.375% 4/15/27 # 		      7,500,000     7,546,167
Georgia − 0.19%
Georgia Government
International Bond 144A 2.75% 4/22/26 # 		        854,000       775,958
Germany − 0.57%
Bundesobligation 1.30%
10/15/27 		      1,000,000     1,012,820
Bundesrepublik Deutschland
Bundesanleihe 1.29% 2/15/32 		      1,500,000    1,284,787
     2,297,607
Indonesia − 1.39%
Indonesia Government
International Bonds 		     
2.95% 1/11/23       2,900,000     2,876,945
3.85% 10/15/30 *         700,000       656,728
Perusahaan Penerbit SBSN
Indonesia III 4.70% 6/6/32 		      2,083,000    2,053,446
     5,587,119
Italy − 0.72%
Italy Buoni Poliennali Del
Tesoro 		     
144A 4.00% 4/30/35 #       2,500,000     2,491,539
2.50% 12/1/32         450,000      403,325
     2,894,864
Ivory Coast − 1.28%
Ivory Coast Government
International Bond 144A 6.125% 6/15/33 # 		      5,768,000     5,147,940
Morocco − 0.69%
Morocco Government
International Bonds 		     
5.50% 12/11/42         700,000       603,586
144A 2.375% 12/15/27 #       2,500,000    2,184,447
     2,788,033
 
4    NQ-IV054 [12/22] 2/23 (2742192)
(Unaudited)
    Principal
amount° 		Value (US $)
Sovereign BondsΔ (continued)
Netherlands − 0.58%
Netherlands Government
Bond 144A 0.50% 7/15/32 # 		      2,690,000 $   2,329,118
New Zealand − 2.32%
New Zealand Government
Bond 4.25% 5/15/34 		     15,100,000     9,373,582
Paraguay − 2.13%
Paraguay Government
International Bonds 		     
5.60% 3/13/48 *       1,693,000     1,484,450
144A 4.95% 4/28/31 #       5,767,000     5,594,731
144A 2.739% 1/29/33 #, *       1,887,000    1,521,991
     8,601,172
Republic of North Macedonia − 0.37%
North Macedonia Government
International Bond 144A 1.625% 3/10/28 # 		      1,777,000     1,494,457
Senegal − 0.44%
Senegal Government
International Bond 144A 6.25% 5/23/33 # 		      2,122,000     1,759,919
South Africa − 1.24%
Republic of South Africa
Government International Bonds 		     
5.65% 9/27/47       4,756,000     3,512,158
5.75% 9/30/49       1,995,000    1,473,970
     4,986,128
Spain − 1.92%
Spain Government Bonds      
144A 1.00% 10/31/50 #         130,000        72,812
144A 0.50% 10/31/31 #       6,090,000     5,077,844
144A 3.45% 7/30/43 #       2,590,000    2,575,402
     7,726,058
United Kingdom − 0.80%
United Kingdom Gilt 0.875%
7/31/33 		      3,590,000     3,240,602
Uzbekistan − 1.15%
Republic of Uzbekistan
International Bonds 		     
144A 5.375% 2/20/29 #       3,481,000     3,235,450
144A 4.75% 2/20/24 #         750,000       737,449
144A 14.00% 7/19/24 #   7,800,000,000      655,684
     4,628,583
Total Sovereign Bonds (cost $99,707,588)   98,177,312
 
    Principal
amount° 		Value (US $)
Supranational Banks – 2.50%
Banco Latinoamericano de Comercio Exterior 144A 2.375% 9/14/25 #       2,000,000 $   1,828,440
Banque Ouest Africaine de Developpement 5.00% 7/27/27       1,800,000     1,699,686
Central American Bank for Economic Integration 144A 1.14% 2/9/26 #       2,000,000     1,778,980
Corp Andina de Fomento 2.375% 5/12/23         650,000       642,694
Corp Andina de Fomento 5.25% 11/21/25       1,100,000     1,098,779
European Union 1.00% 7/6/32       3,420,000    3,026,652
Total Supranational Banks (cost $10,661,037)   10,075,231
 
US Treasury Obligations – 20.35%
US Treasury Notes      
0.375% 7/31/27       4,000,000     3,394,062
0.375% 9/30/27       4,600,000     3,878,555
0.50% 2/28/26       4,800,000     4,277,812
1.25% 4/30/28       8,680,000     7,532,613
1.25% 5/31/28       5,000,000     4,330,078
2.375% 5/15/27       8,525,000     7,949,896
2.375% 3/31/29      17,585,000    15,992,390
2.875% 5/15/28       3,000,000     2,831,367
2.875% 4/30/29       9,000,000     8,430,293
4.00% 10/31/29       9,400,000     9,405,141
4.125% 10/31/27         495,000       496,856
4.125% 11/15/32       1,000,000     1,020,703
4.25% 10/15/25      12,485,000   12,477,197
Total US Treasury Obligations
(cost $87,918,690) 		  82,016,963
    Number of
contracts 		 
Options Purchased – 0.03%
Foreign Currency Call Options – 0.01%
GBP versus USD strike price 1.04 GBP, expiration date 4/12/23, notional amount $6,983,881 (JPMCB)       6,715,270        8,417
USD versus CNH strike price 7.30 USD, expiration date 4/13/23, notional amount $126,484,180 (JPMCB)      17,326,600       44,687
        53,104
 
NQ-IV054 [12/22] 2/23 (2742192)    5
Schedule of investments
Delaware Ivy Global Bond Fund   (Unaudited)
    Number of
contracts 		Value (US $)
Options Purchased (continued)
Foreign Currency Put Options – 0.02%
EUR versus JPY strike price 128 EUR, expiration date 5/23/23, notional amount $1,168,000,000 (JPMCB)       9,125,000 $      78,106
EUR versus USD strike price 0.70 EUR, expiration date 4/12/23, notional amount $2,819,394 (JPMCB)       4,027,705            14
EUR versus USD strike price 0.94 EUR, expiration date 4/12/23, notional amount $7,572,085 (JPMCB)       8,055,410         4,656
EUR versus USD strike price 0.97 EUR, expiration date 3/1/23, notional amount $13,864,744 (JPMCB)      14,293,550         4,732
GBP versus USD strike price 0.74 GBP, expiration date 4/12/23, notional amount $2,484,650 (JPMCB)       3,357,635           30
        87,538
Total Options Purchased
(cost $988,418) 		     140,642
    Number of
shares 		 
Short-Term Investments – 2.68%
Money Market Mutual Funds – 2.68%
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.03%)       2,704,686    2,704,686
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.06%)       2,704,686    2,704,686
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 4.23%)       2,704,686    2,704,686
    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 4.11%)       2,704,686 $   2,704,686
Total Short-Term Investments
(cost $10,818,744) 		  10,818,744
Total Value of Securities Before
Securities Lending Collateral and Options Written−98.46%
(cost $417,770,099) 		     396,937,133
       
Securities Lending Collateral – 1.09%
Money Market Mutual Fund − 1.09%
Dreyfus Institutional Preference Government Money Market Fund - Institutional Shares (seven-day effective yield 4.31%)       4,381,187    4,381,187
Total Securities Lending Collateral
(cost $4,381,187) 		   4,381,187
    Number of
contracts 		 
Options Written – (0.01)%
Foreign Currency Call Options – (0.00)%
GBP versus USD strike price 0.94 GBP, expiration date 4/12/23, notional amount $(9,468,531) (JPMCB)     (10,072,905)       (2,254)
USD versus CNH strike price 7.50 USD, expiration date 4/13/23, notional amount $(129,949,500) (JPMCB)     (17,326,600)      (23,029)
       (25,283)
Foreign Currency Put Options – (0.01)%
EUR versus JPY strike price 118 EUR, expiration date 5/23/23, notional amount $(1,076,750,000) (JPMCB)      (9,125,000)       (24,112)
 
6    NQ-IV054 [12/22] 2/23 (2742192)
(Unaudited)
    Number of
contracts 		Value (US $)
Options Written (continued)
EUR versus USD strike price 0.86 EUR, expiration date 4/12/23, notional amount $(10,391,479) (JPMCB)     (12,083,115) $      (1,101)
EUR versus USD strike price 0.93 EUR, expiration date 3/1/23, notional amount $(13,293,002) (JPMCB)     (14,293,550)       (1,132)
       (26,345)
Total Options Written
(premium received $503,134) 		     (51,628)
Total Value of Securities−99.54%
(cost $421,648,152) 		    401,266,692■
Obligation to Return
Securities Lending
Collateral — (1.09%) 		      (4,381,187)
Receivables and Other Assets Net of Liabilities — 1.54%★        6,226,324
Net Assets Applicable to 45,278,906 Shares Outstanding — 100.00%      $403,111,829
    
° Principal amount shown is stated in USD unless noted that the security is denominated in another currency.
Δ Securities have been classified by country of risk.
# Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At December 31, 2022, the aggregate value of Rule 144A securities was $122,287,128, which represents 30.34% of the Fund's net assets.
* Fully or partially on loan.
μ Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at December 31, 2022. Rate will reset at a future date.
ψ Perpetual security. Maturity date represents next call date.
^ Zero-coupon security. The rate shown is the effective yield at the time of purchase.
■ Includes $4,837,555 of securities loaned for which the counterparty pledged additional non-cash collateral valued at $708,648.
★ Includes $3,430,244 cash collateral held at broker for futures contracts as of December 31 2022.
 
 The following foreign currency exchange contracts, futures contracts and swap contracts were outstanding at December 31, 2022:
Foreign Currency Exchange Contracts            
Counterparty   Currency to
Receive (Deliver) 		  In Exchange For   Settlement
Date 		  Unrealized
Appreciation 		  Unrealized
Depreciation
JPMCB   CLP 1,593,487,600   USD (1,763,683)   2/3/23   $108,131   $—
JPMCB   EUR (33,328,401)   USD 34,813,181   1/20/23   —   (810,838)
JPMCB   EUR (2,078,000)   USD 2,156,908   2/3/23   —   (73,066)
JPMCB   GBP (2,300,000)   USD 2,747,367   1/20/23   —   (20,983)
TD   AUD 4,850,786   USD (3,260,778)   1/20/23   31,803   —
TD   EUR (38,928,401)   USD 40,638,136   1/20/23   —   (971,604)
TD   JPY 925,000,000   USD (6,645,805)   1/20/23   385,196   —
TD   NZD (15,100,000)   USD 9,289,187   1/20/23   —   (263,910)
Total Foreign Currency Exchange Contracts   $525,130   $(2,140,401)
NQ-IV054 [12/22] 2/23 (2742192)    7
Schedule of investments
Delaware Ivy Global Bond Fund   (Unaudited)
Futures Contracts
Exchange-Traded
Contracts to Buy (Sell)   Notional
Amount 		  Notional
Cost
(Proceeds) 		  Expiration
Date 		  Value/
Unrealized
Appreciation 		  Value/
Unrealized
Depreciation 		  Variation
Margin
Due from
(Due to)
Brokers
702 90 Day Bank Bill   $4,607,025   $4,634,260   3/9/23   $—   $(27,235)   $8,713
(508) 90 Day Euro   (120,916,700)   (123,061,696)   12/18/23   2,144,996   —   57,150
333 Australian Treasury 10 yr Bonds   26,227,651   27,644,978   3/15/23   —   (1,417,327)   (56,339)
(148) Euro-Bobl   (18,337,879)   (18,964,949)   3/8/23   627,070   —   70,003
(31) Euro-BTP   (3,614,396)   (3,899,383)   3/8/23   284,987   —   38,000
(47) Euro-Bund   (6,687,861)   (6,943,868)   3/8/23   256,007   —   54,011
(21) Euro-Buxl   (3,040,121)   (3,601,165)   3/8/23   561,044   —   80,300
68 Euro-Oat   9,266,243   9,927,320   3/8/23   —   (661,077)   (86,376)
35 Euro-Schatz   3,949,639   3,964,871   3/8/23   —   (15,232)   (4,905)
43 Long 10 yr Gilt   5,193,287   5,420,531   3/29/23   —   (227,244)   5,304
(259) US Treasury 2 yr Notes   (53,115,234)   (53,322,815)   3/31/23   207,581   —   40,469
153 US Treasury 5 yr Notes   16,513,243   16,558,096   3/31/23   —   (44,853)   (13,149)
(162) US Treasury 10 yr Notes   (18,192,095)   (18,400,059)   3/22/23   207,964   —   22,780
173 US Treasury 10 yr Ultra Notes   20,462,656   20,642,931   3/22/23   —   (180,275)   (10,812)
(8) US Treasury Long Bonds   (1,002,750)   (1,002,105)   3/22/23   —   (645)   1,250
(25) US Treasury Ultra Bonds   (3,357,813)   (3,338,022)   3/22/23   —   (19,791)   12,500
Total Futures Contracts   $(143,741,075)       $4,289,649   $(2,593,679)   $218,899
CDS Contracts1
Counterparty/
Reference Obligation/
Termination Date/
Payment Frequency 		  Notional
Amount2 		  Annual Protection
Payments 		  Value   Upfront
Payments
Paid
(Received) 		  Unrealized
Depreciation3 		  Variation Margin
Due from
(Due to) Brokers
Centrally Cleared:                        
Protection Purchased/Moody’s Ratings:                        
CDX.NA.IG.39.V1 12/20/27-Quarterly    25,400,000   1.000%   $(202,440)   $(126,545)   $(75,895)   $18,734
    (202,440)   (126,545)   (75,895)   18,734
Total CDS Contracts   $(202,440)   $(126,545)   $(75,895)   $18,734
The use of foreign currency exchange contracts, futures contracts and swap 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.
8    NQ-IV054 [12/22] 2/23 (2742192)
(Unaudited)
1 A CDS contract is a risk-transfer instrument through which one party (purchaser of protection) transfers to another party (seller of protection) the financial risk of a credit event (as defined in the CDS agreement), as it relates to a particular reference security or basket of securities (such as an index). Periodic payments (receipts) on such contracts are accrued daily and recorded as unrealized losses (gains) on swap contracts. Upon payment (receipt), such amounts are recorded as realized losses (gains) on swap contracts. Upfront payments made or received in connection with CDS contracts are amortized over the expected life of the CDS contracts as unrealized losses (gains) on swap contracts. The change in value of CDS contracts is recorded daily as unrealized appreciation or depreciation. A realized gain or loss is recorded upon a credit event (as defined in the CDS agreement) or the maturity or termination of the CDS agreement.
2 Notional amount shown is stated in USD unless noted that the swap is denominated in another currency.
3 Unrealized appreciation (depreciation) does not include periodic interest payments (receipt) on swap contracts accrued daily in the amount of $(6,234).
Summary of abbreviations: 
BTP – Buoni del Tesoro Poliennali
CDS – Credit Default Swap
CDX.NA.IG – Credit Default Swap Index North America Investment Grade
JPMCB – JPMorgan Chase Bank
JSC – Joint Stock Company
S.F. – Single Family
TD – TD Bank
yr – Year
Summary of currencies: 
AUD – Australian Dollar
CLP – Chilean Peso
EUR – European Monetary Unit
GBP – British Pound Sterling
JPY – Japanese Yen
NZD – New Zealand Dollar
USD – US Dollar
NQ-IV054 [12/22] 2/23 (2742192)    9