CORRESP 1 filename1.htm
2005 Market Street, Suite 2600
Philadelphia, PA  19103-7098
 T:  (215) 564-8099
 F:  (215) 564-8120

February 8, 2023

Via EDGAR Transmission
Mindy Rotter, Esq., CPA
Division of Investment Management
Disclosure Review and Accounting Office
U.S. Securities and Exchange Commission
New York Regional Office
100 Pearl Street, Suite 20-100
New York, NY 10004-2616

 
Re:
Sarbanes-Oxley Review of Shareholder Reports for Various Delaware Funds by Macquarie® Registrants              

Dear Ms. Rotter:

On behalf of each of the Delaware Funds by Macquarie registrants listed on Appendix A hereto (each a “Registrant” and collectively, the “Registrants”), the following are the Registrants’ responses to the comments of the staff (the “Staff”) of the U.S. Securities and Exchange Commission (the “SEC”) communicated telephonically on August 31, 2022 with respect to each Registrant’s most recent shareholder reports (each, a “Shareholder Report” and collectively, the “Shareholder Reports”).  Each Staff comment is summarized below, followed by the response of the Registrant(s) to the comment.

 
1.
Comment: Please confirm EDGAR has been updated to reflect Fund name changes and share classes that are no longer active.
  
           
   
Response: The Registrants are in the process of updating EDGAR to reflect Fund name changes and inactive share classes, as applicable, for the Registrants listed on Appendix A.
  
           
 
2.
Comment: The below listed Funds reported high portfolio turnover in their respective financial highlights. Please explain if active and frequent trading is part of the Fund’s principal investment strategy, and if yes, why an applicable risk is not included as a principal risk in the summary prospectus.
  
           
     
•
Delaware Ivy Energy Fund
  
     
•
Delaware Ivy Natural Resources Fund
  
     
•
Delaware Global Value Equity Fund
  
     
•
Delaware Ivy International Value Fund
  
           
   
Response: None of the Funds uses active and frequent trading as a principal investment strategy.  The higher one-year portfolio turnover rates were due to changes in investment strategies and portfolio managers in November 2021 for the Delaware Ivy Natural Resources Fund and Delaware Global Value
  
Mindy Rotter
February 8, 2023
Page 2 of 11


   
Equity Fund; to a change in portfolio managers in November 2021 for the Delaware Climate Solutions Fund (formerly, the Delaware Ivy Energy Fund); and to a change in portfolio managers and sub-advisers for the Delaware Ivy International Value Fund.
  
           
 
3.
Comment: The audit opinions for the Delaware Healthcare Fund and the Delaware Small Cap Growth Fund are each dated May 31, 2022 which is more than 60 days after the Funds’ March 31 fiscal year ends. The Staff notes that Rule 30e-1(c) under the Investment Company Act of 1940, as amended (“1940 Act”), states that when transmitting reports to shareholders, “[e]ach report shall be transmitted within 60 days after the close of the period for which such report is being made.” (Emphasis added.)
  
           
   
The Staff also notes that reliance on Rule 0-3 under the Securities Exchange Act of 1934 which indicates that filings with due dates that fall on a Saturday, Sunday or holiday are still in compliance when filed on the next business day applies to filings, not to “transmitting reports to shareholders” such as annual and semi-annual reports required to be transmitted within 60 days. The Staff maintains that with respect to transmitting reports to shareholders, if the 60th day falls on a Saturday, Sunday or holiday, the report may have to be transmitted earlier than the 60th day to be in compliance with Rule 30e-1(c).
  
           
   
Please explain whether the Registrants will be updating their controls to ensure that future N-CSR or N-CSRS filings are transmitted on a timely basis as outlined above.
  
           
   
Response: The Registrants will review their controls and will make changes to ensure that shareholder reports are transmitted within 60 days of their fiscal year ends, which may require transmission earlier than the 60th day to be in compliance with Rule 30e-1(c) if the 60th days falls on a weekend or holiday.
  
           
 
4.
Comment: The report of independent registered public accounting firm contained in the September 2021 annual shareholder report for the Delaware Ivy High Income Opportunities Fund notes “our procedures included confirmation of securities owned as of June 30, 2021.” However, the Fund’s fiscal year end is September 30. Please correct the opinion and file an amended N-CSR as soon as possible.
  
           
   
Response: The requested change will be made and an amended N-CSR will be filed reflecting the correction of the error.  The Registrant anticipates filing an amended N-CSR by February 28, 2023.
  
           
 
5.
Comment: The report of independent registered public accounting firm contained in the annual shareholder report for the Ivy Funds’ fiscal year end March 31, 2022 misstated the money market fund name.  Please correct the report and refile.
  
           
   
Response:  The requested change will be made. The Registrant anticipates filing an amended N-CSR to reflect the revision by February 28, 2023.
  
           
 
6.
Comment: For the Funds listed as 1-27, 75-81 and 86-88 on Appendix A, Item 2 on their Forms N-CSR notes that the applicable Registrant has adopted a code of ethics that applies to its principal executive officer, principal financial offer, principal accounting officer or controller, or persons performing similar functions, a copy of which has been posted on the Funds’ website.  Supplementally, please explain where the business code of ethics is located, including a web link.
  
           
   
Response: The business code of ethics can be accessed by clicking on Additional Information/Business ethics at the bottom of the mutual funds’ home page on the delawarefunds.com website.  The direct link is: https://www.delawarefunds.com/about/business-ethics.
  
Mindy Rotter
February 8, 2023
Page 3 of 11


 
7.
Comment: During the previous Sarbanes-Oxley review of the Ivy Funds, the staff requested confirmation that the Delaware Ivy Asset Strategy Fund apply Financial Accounting Standards Board Accounting Standards Codification 850 (“FASB 850”), and that the Fund file Form 40-33, with respect to a stockholders’ derivative action. The correspondence confirmed that the Fund complied with FASB 850, but acknowledged that it had not filed the Form 40-33 and undertook to do so as soon as possible. Please provide the link to the firm filing in EDGAR and the specific date the form was filed.
  
           
   
Response: The Registrant did not file Form 40-33, which request was made prior to the Fund becoming part of the Delaware Funds by Macquarie complex.  The Registrant filed the Form on February 1, 2023.
  
           
 
8.
Comment: Please explain how the Macquarie Emerging Markets Portfolio II meets diversification requirements under the 1940 Act considering that individual investments representing more than 5% of its total assets are greater than 25% of its total assets.
  
           
   
Response:  Fund management has reviewed the schedule of investments in the Fund’s October 2021 annual report.  At the time of the report, certain individual investments exceeded 5% of the Fund’s total assets due to their appreciation in value after purchase by the Fund. Accordingly, the Registrant believes that the Fund’s portfolio was diversified at the end of the reporting period for the October 2021 annual report.
  
           
 
9.
Comment: The annual report for the Funds listed below identify them as non-diversified within the meaning of the 1940 Act; however, each Fund appears to be operating as a diversified fund. If a Fund has been operating as a diversified fund for more than three years, please confirm that such Fund will solicit shareholder approval prior to resuming operations as a non-diversified Fund.
  
           
     
•
Delaware Ivy High Income Opportunities Fund
  
     
•
Delaware Ivy VIP Natural Resources
  
     
•
Delaware Ivy VIP Science and Technology
  
     
•
Delaware Ivy Emerging Markets Local Currency Debt Fund
  
     
•
Delaware Ivy LaSalle Global Real Estate Fund
  
     
•
Delaware Ivy Natural Resources Fund
  
           
   
Response: The Registrants’ investment risk group has confirmed that the Delaware Ivy VIP Science and Technology, Delaware Ivy Emerging Markets Local Currency Debt Fund and Delaware Ivy LaSalle Global Real Estate Fund have operated as non-diversified for all, or parts, of the past three years.  The Registrant confirms that if a previously non-diversified Fund has been operating continuously as a diversified Fund for three or more years, shareholder approval will be sought before converting back to a non-diversified Fund.
  
           
 
10.
Comment: The Statement of Assets and Liabilities in the 2021 annual report for the Delaware Ivy Accumulative Fund disclosed securities lending activities. However, the Fund’s Form N-CEN filed on September 3, 2021 did not disclose that the Fund lent securities. Please explain this discrepancy.
  
           
   
Response: Management Investment Record: 2 for Delaware Ivy Accumulative Fund shows that it responded affirmatively to Item C.6.b, indicating that the Fund had lent portfolio securities during the reporting period.  Therefore, the Registrant does not believe there is a discrepancy between the Fund’s annual report and Form N-CEN disclosures.
  
Mindy Rotter
February 8, 2023
Page 4 of 11


 
11.
Comment: The Notes to the Financial Statements in the 2021 annual report for the Delaware Ivy Wilshire Global Allocation Fund disclosed reimbursement for costs of defense of a derivatives action.  The staff notes that on the Form N-CEN for the period ended June 30, 2021, which was filed on September 3, 2021, the Registrant responded “no” to Item B.11.b regarding legal proceedings. Please explain this discrepancy.
  
           
   
Response: Item B.11.b asks if any proceeding previously reported has been terminated.  Because the derivative action described in the Fund’s Notes to Financial Statements was not material it had not been previously reported on Form N-CEN, Item B.11.a.  Accordingly, the Registrant responded in the negative to Item B.11.b. The reason that the reimbursement payment was reported in the Notes was because the payment flowed through to the Fund’s financial statements and an explanation was required by GAAP, not because the litigation was material.
  
           
 
12.
Comment: In their annual report, the Funds listed below noted that their Board of Trustees had approved the Funds’ liquidation. Please confirm whether the liquidations have occurred and provide specifics relating to said liquidations. If not, please provide the estimated date of liquidation. If there are other funds to be liquidated, please disclose same.
  
           
     
•
Delaware Ivy VIP Global Bond
  
     
•
Delaware Ivy VIP Government Money Market
  
     
•
Delaware Ivy Cash Management Fund
  
     
•
Delaware Ivy ProShares Interest Rate Hedged High Yield Index Fund
  
     
•
Delaware Ivy ProShares MSCI ACWI Index Fund
  
     
•
Delaware Ivy ProShares Russell 2000 Dividend Growers Index Fund
  
     
•
Delaware Ivy ProShares S&P 500 Bond Index Fund
  
           
   
Response: The Registrants confirm that the Funds have liquidated following Board approval, notice to shareholders, the orderly liquidation of the Funds’ portfolios and the pro rata distribution of the proceeds to shareholders.  In addition, the Macquarie Emerging Markets Portfolio II was liquidated effective June 30, 2022 following the same process as with the above listed Funds.  Finally, the Board has approved the liquidation of the Macquarie Emerging Markets Portfolio and the Macquarie Labor Select International Equity Portfolio.  These Portfolios will also follow the same liquidation process as noted for the above listed Funds. The Macquarie Labor Select International Equity Portfolio was liquidated on December 8, 2022 and the Registrant anticipates completing the liquidation of the Macquarie Emerging Markets Portfolio by the end of the first quarter of 2023.
  
           
 
13.
Comment: The staff noted that the Form N-CEN filings for the Registrants listed below indicated that there was a change in accountants.  The staff, however, did not see an “agreement letter” from the Funds’ predecessor auditor attached as an exhibit to Item 13(a)(4) in Form N-CSR. Please refer to Dear CFO letter 1998-04 for the disclosure requirements regarding a change in auditor and amend the filings accordingly.
  
           
     
•
Delaware Ivy High Income Opportunities Fund (FYE 9/30/2021; report filed 12/2/2021)
  
     
•
Ivy Funds (FYE 6/30/21; report filed 9/3/2021)
  
     
•
Ivy Variable Insurance Portfolios (FYE 12/31/2021; report filed 3/10/2022)
  
     
•
InvestEd Portfolios (FYE 12/31/2021; report filed 3/10/2022)
  
Mindy Rotter
February 8, 2023
Page 5 of 11


   
Response: The foregoing Registrants will amend their applicable Form N-CSR filings to include the predecessor’s auditor agreement letter as an exhibit. The Registrants anticipate filing amended N-CSRs by February 28, 2023.
  
           
 
14.
Comment: A review of the Funds’ applicable annual reports on Form N-CSR showed that they had not included the required disclosure concerning the operation of their liquidity risk management program. This comment applies to all of the Funds listed on Appendix A except for the following:  Delaware Ivy Accumulative Fund, Delaware Ivy Wilshire Global Allocation Fund, Macquarie Emerging Markets Portfolio, Macquarie Emerging Markets Portfolio II Fund, Macquarie Labor Select International Equity Portfolio Fund, Delaware Global Listed Real Assets Fund, Macquarie High Yield Bond Portfolio Fund, Macquarie Core Plus Bond Portfolio Fund, and Macquarie Large Cap Value Portfolio Fund. Please explain why the disclosure was not included.
  
           
   
Response:  The liquidity risk management program statement is included under the “Other information” section in the Ivy Variable Insurance Portfolios’ semi-annual report for the period ended June 30, 2021;  in the Healthcare, Smid Cap Core and Small Cap Growth Funds’ semi-annual reports for the period ended September 30, 2021; in the Delaware Limited-Term Diversified Income Fund’s semi-annual report dated June 30, 2021; and in the Delaware Tax-Free New Jersey and Delaware Tax-Free Oregon Funds’ semi-annual report dated June 30, 2021.  In addition, for 2022, the liquidity risk management disclosure for the Ivy Funds was moved from the annual/semi-annual reports for the period ended March 31 to the annual/semi-annual reports for the period ended September 30 due to the timing of the reporting to the Board on the operation of the program.  Finally, the Delaware Ivy High Income Opportunities Fund and Macquarie Global Infrastructure Total Return Fund, Inc. do not include liquidity risk management program disclosure because both Funds are closed-end funds and are not required to comply with Rule 22e-4.
  
           
 
15.
Comment: Explain supplementally whether the Registrants’ Board of Trustees/Directors has received an annual written report from the Registrants’ Liquidity Risk Management Program administrator that addresses the operation of the program and assesses its adequacy and effectiveness of implementation, and any material changes to the program as required by Rule 22e-4(b)(2)(iii) under the 1940 Act. This applies to all of the funds except the following: Delaware Ivy Accumulative Fund, Delaware Ivy Wilshire Global Allocation Fund, Macquarie Emerging Markets Portfolio, Macquarie Emerging Markets Portfolio II Fund, Macquarie Labor Select International Equity Portfolio Fund, Delaware Global Listed Real Assets Fund, Macquarie High Yield Bond Portfolio Fund, Macquarie Core Plus Bond Portfolio Fund, and Macquarie Large Cap Value Portfolio Fund.
  
           
   
Response: The Registrants so confirm.
  
           
 
16.
Comment: Explain why the performance numbers for the “Fund at net asset value” and “Fund at market price” as disclosed in the manager’s discussion of Fund performance for the Delaware Ivy High Income Opportunities Fund do not agree with the numbers in the Fund’s portfolio highlights and financial highlights sections of its annual report.
  
           
   
Response: The performance numbers shown in the manager’s discussion of Fund performance and its portfolio highlights and financial highlights should be the same; however, the incorrect performance numbers were the ones included in the manager’s discussion of Fund performance, not in the portfolio highlights or financial highlights.  The Registrant will ensure that the performance numbers used in future reports are used consistently throughout the reports.
  
Mindy Rotter
February 8, 2023
Page 6 of 11


 
17.
Comment: The “Other liabilities” line item in the Statement of Assets and Liabilities appears to be significant. Please confirm that any significant liabilities have been disclosed and broken out as required by Regulation S-X Rule 6-01.  In the future, ensure that significant liabilities are separately broken out in the Statement of Assets of Liabilities. Examples of Funds with significant “Other liabilities” (i.e., in excess of 40% of “Total liabilities”) include the following but confirm for all Funds:
  
           
     
•
Delaware Ivy VIP Asset Strategy
  
     
•
Delaware Ivy VIP Balanced
  
     
•
Delaware Ivy VIP Energy
  
     
•
Delaware Ivy VIP Growth
  
     
•
Delaware Ivy VIP Smid Cap Core
  
     
•
Delaware Ivy VIP Core Equity
  
     
•
Delaware Ivy VIP Global Growth
  
     
•
Delaware Ivy VIP Pathfinder Moderate - Managed Volatility
  
           
   
Response: The Registrant confirms that there were not any significant individual liabilities that should have been broken out on as an individual line-item under the “Liabilities” section of each Fund’s Statement of Assets and Liabilities consistent with the requirements of Regulation S-X.  The Registrant further confirms that any significant individual liabilities will be broken out as a separate line-item in future shareholder reports.
  
       
 
18.
Comment: The Statement of Assets and Liabilities in several Funds’ annual reports noted the payment of legal fees to affiliates. Please explain what these fees represent and explain the differences between payments to affiliates and non-affiliates.  Examples of Funds that made these payments include:
  
           
     
•
Delaware Ivy Smid Cap Core Fund
  
     
•
Delaware Ivy Small Cap Growth Fund
  
     
•
Delaware Ivy Value Fund
  
     
•
Delaware Ivy Systematic Emerging Markets Equity Fund
  
           
   
Response: The advisory agreements between the Funds and Delaware Management Company (“DMC”) include a provision that allocates to the Funds the cost of certain expenses associated with the provision of legal services to the Funds by DMC personnel.  These are separate and distinct from the expenses associated with legal services provided by external counsel.
  
           
 
19.
Comment: According to the statement of changes in net assets, Delaware Limited-Term Diversified Income Fund had a return of capital distribution. Please confirm supplementally that there is no reference to yield or dividends when describing distributions that may contain return of capital in marketing, financial statement disclosures, or website disclosures.
  
           
   
Response: The Registrant confirms that disclosures concerning Fund distributions distinguish between distributable earnings and returns of capital.
  
Mindy Rotter
February 8, 2023
Page 7 of 11


* * *
Please do not hesitate to contact me at the above number if you have any questions or wish to discuss any of the responses presented above.

 
Sincerely yours,
   
 
/s/ Jonathan M. Kopcsik               
 
Jonathan M. Kopcsik


 
cc:
Dan Geatens
   
Phil Shipp
     
Macquarie Investment Management
Mindy Rotter
February 8, 2023
Page 8 of 11


APPENDIX A

Count
Series ID
FYE
File #
Series Name
Registrant Name
1
S000011242
3/31/2022
811-06569
Delaware Ivy Energy Fund
IVY FUNDS
2
S000040037
3/31/2022
811-06569
Delaware Ivy LaSalle Global Real Estate Fund
IVY FUNDS
3
S000024838
3/31/2022
811-06569
Delaware Ivy Natural Resources Fund
IVY FUNDS
4
S000006285
3/31/2022
811-06569
Delaware Ivy Science and Technology Fund
IVY FUNDS
5
S000024830
3/31/2022
811-06569
Delaware Ivy Securian Real Estate Securities Fund
IVY FUNDS
6
S000006283
3/31/2022
811-06569
Delaware Ivy Asset Strategy Fund
IVY FUNDS
7
S000024823
3/31/2022
811-06569
Delaware Ivy Balanced Fund
IVY FUNDS
8
S000006288
3/31/2022
811-06569
Delaware Ivy Core Equity Fund
IVY FUNDS
9
S000024837
3/31/2022
811-06569
Delaware Ivy Global Bond Fund
IVY FUNDS
10
S000006291
3/31/2022
811-06569
Delaware Ivy Large Cap Growth Fund
IVY FUNDS
11
S000006293
3/31/2022
811-06569
Delaware Ivy Mid Cap Growth Fund
IVY FUNDS
12
S000046881
3/31/2022
811-06569
Delaware Ivy Mid Cap Income Opportunities Fund
IVY FUNDS
13
S000024831
3/31/2022
811-06569
Delaware Ivy Small Cap Core Fund (changed to Delaware Ivy Smid Cap Core Fund)
IVY FUNDS
14
S000006286
3/31/2022
811-06569
Delaware Ivy Small Cap Growth Fund
IVY FUNDS
15
S000024832
3/31/2022
811-06569
Delaware Ivy Value Fund
IVY FUNDS
16
S000006294
3/31/2022
811-06569
Delaware Ivy Government Money Market Fund
IVY FUNDS
17
S000006289
3/31/2022
811-06569
Delaware Ivy High Income Fund
IVY FUNDS
18
S000006292
3/31/2022
811-06569
Delaware Ivy Limited-Term Bond Fund
IVY FUNDS
19
S000006284
3/31/2022
811-06569
Delaware Ivy Municipal Bond Fund
IVY FUNDS
20
S000025600
3/31/2022
811-06569
Delaware Ivy Municipal High Income Fund
IVY FUNDS
21
S000024833
3/31/2022
811-06569
Delaware Ivy Securian Core Bond Fund (changed to Delaware Ivy Core Bond Fund)
IVY FUNDS
22
S000024829
3/31/2022
811-06569
Delaware Ivy Emerging Markets Equity Fund (changed to Delaware Ivy Systematic Emerging Markets Equity Fund)
IVY FUNDS
23
S000037255
3/31/2022
811-06569
Delaware Ivy Global Equity Income Fund (changed to Delaware Global Value Equity Fund)
IVY FUNDS
24
S000024824
3/31/2022
811-06569
Delaware Ivy Global Growth Fund
IVY FUNDS
25
S000024840
3/31/2022
811-06569
Delaware Ivy International Core Equity Fund
IVY FUNDS
26
S000024834
3/31/2022
811-06569
Delaware Ivy Pzena International Value Fund (changed to Delaware Ivy International Value Fund)
IVY FUNDS
27
S000024826
3/31/2022
811-06569
Delaware Ivy Managed International Opportunities Fund
IVY FUNDS
28
S000058120
6/30/2021
811-06569
Delaware Ivy Accumulative Fund
IVY FUNDS
29
S000058121
6/30/2021
811-06569
Delaware Ivy Wilshire Global Allocation Fund
IVY FUNDS
30
CEF0003449
9/30/2021
811-22800
Delaware Ivy High Income Opportunities Fund
Delaware Ivy High Income Opportunities Fund
31
S000051066
9/30/2021
811-06569
Delaware Ivy Apollo Multi-Asset Income Fund (changed to Delaware Ivy Multi-Asset Income Fund)
IVY FUNDS
Mindy Rotter
February 8, 2023
Page 9 of 11


32
S000051065
9/30/2021
811-06569
Delaware Ivy Apollo Strategic Income Fund (changed to Delaware Ivy Strategic Income Fund)
IVY FUNDS
33
S000055249
9/30/2021
811-06569
Delaware Ivy California Municipal High Income Fund
IVY FUNDS
34
S000058124
9/30/2021
811-06569
Delaware Ivy Cash Management Fund
IVY FUNDS
35
S000058122
9/30/2021
811-06569
Delaware Ivy Corporate Bond Fund
IVY FUNDS
36
S000056903
9/30/2021
811-06569
Delaware Ivy Crossover Credit Fund
IVY FUNDS
37
S000058123
9/30/2021
811-06569
Delaware Ivy Government Securities Fund
IVY FUNDS
38
S000056044
9/30/2021
811-06569
Delaware Ivy International Small Cap Fund
IVY FUNDS
39
S000043807
9/30/2021
811-06569
Delaware Ivy Pictet Emerging Markets Local Currency Debt Fund (changed to Delaware Ivy Emerging Markets Local Currency Debt Fund)
IVY FUNDS
40
S000052348
9/30/2021
811-06569
Delaware Ivy Pictet Targeted Return Bond Fund (changed to Delaware Ivy Total Return Bond Fund)
IVY FUNDS
41
S000057669
9/30/2021
811-06569
Delaware Ivy PineBridge High Yield Fund (changed to Delaware Ivy High Yield Fund)
IVY FUNDS
42
S000057250
9/30/2021
811-06569
Delaware Ivy ProShares Interest Rate Hedged High Yield Index Fund
IVY FUNDS
43
S000057252
9/30/2021
811-06569
Delaware Ivy ProShares MSCI ACWI Index Fund
IVY FUNDS
44
S000057249
9/30/2021
811-06569
Delaware Ivy ProShares Russell 2000 Dividend Growers Index Fund
IVY FUNDS
45
S000057251
9/30/2021
811-06569
Delaware Ivy ProShares S&P 500 Bond Index Fund
IVY FUNDS
46
S000057248
9/30/2021
811-06569
Delaware Ivy ProShares S&P 500 Dividend Aristocrats Index Fund
IVY FUNDS
47
S000006224
12/31/2021
811-05017
Delaware Ivy VIP Asset Strategy
Ivy Variable Insurance Portfolios
48
S000006235
12/31/2021
811-05017
Delaware Ivy VIP Balanced
Ivy Variable Insurance Portfolios
49
S000011749
12/31/2021
811-05017
Delaware Ivy VIP Energy
Ivy Variable Insurance Portfolios
50
S000006241
12/31/2021
811-05017
Delaware Ivy VIP Growth
Ivy Variable Insurance Portfolios
51
S000006242
12/31/2021
811-05017
Delaware Ivy VIP High Income
Ivy Variable Insurance Portfolios
52
S000006225
12/31/2021
811-05017
Delaware Ivy VIP International Core Equity
Ivy Variable Insurance Portfolios
53
S000006228
12/31/2021
811-05017
Delaware Ivy VIP Mid Cap Growth
Ivy Variable Insurance Portfolios
Mindy Rotter
February 8, 2023
Page 10 of 11


54
S000006240
12/31/2021
811-05017
Delaware Ivy VIP Natural Resources
Ivy Variable Insurance Portfolios
55
S000006232
12/31/2021
811-05017
Delaware Ivy VIP Science and Technology
Ivy Variable Insurance Portfolios
56
S000006233
12/31/2021
811-05017
Delaware Ivy VIP Small Cap Growth
Ivy Variable Insurance Portfolios
57
S000006234
12/31/2021
811-05017
Delaware Ivy VIP Small Cap Core (changed to Delaware Ivy VIP Smid Cap Core)
Ivy Variable Insurance Portfolios
58
S000006238
12/31/2021
811-05017
Delaware Ivy VIP Core Equity
Ivy Variable Insurance Portfolios
59
S000006237
12/31/2021
811-05017
Delaware Ivy VIP Corporate Bond
Ivy Variable Insurance Portfolios
60
S000029765
12/31/2021
811-05017
Delaware Ivy VIP Global Bond
Ivy Variable Insurance Portfolios
61
S000006239
12/31/2021
811-05017
Delaware Ivy VIP Global Equity Income
Ivy Variable Insurance Portfolios
62
S000006243
12/31/2021
811-05017
Delaware Ivy VIP Global Growth
Ivy Variable Insurance Portfolios
63
S000029766
12/31/2021
811-05017
Delaware Ivy VIP Limited-Term Bond
Ivy Variable Insurance Portfolios
64
S000006231
12/31/2021
811-05017
Delaware Ivy VIP Securian Real Estate Securities
Ivy Variable Insurance Portfolios
65
S000006236
12/31/2021
811-05017
Delaware Ivy VIP Value
Ivy Variable Insurance Portfolios
66
S000020588
12/31/2021
811-05017
Delaware Ivy VIP Pathfinder Aggressive
Ivy Variable Insurance Portfolios
67
S000020592
12/31/2021
811-05017
Delaware Ivy VIP Pathfinder Conservative
Ivy Variable Insurance Portfolios
68
S000020590
12/31/2021
811-05017
Delaware Ivy VIP Pathfinder Moderate
Ivy Variable Insurance Portfolios
69
S000020589
12/31/2021
811-05017
Delaware Ivy VIP Pathfinder Moderately Aggressive
Ivy Variable Insurance Portfolios
70
S000020591
12/31/2021
811-05017
Delaware Ivy VIP Pathfinder Moderately Conservative
Ivy Variable Insurance Portfolios
Mindy Rotter
February 8, 2023
Page 11 of 11


71
S000041732
12/31/2021
811-05017
Delaware Ivy VIP Pathfinder Moderate - Managed Volatility
Ivy Variable Insurance Portfolios
72
S000041733
12/31/2021
811-05017
Delaware Ivy VIP Pathfinder Moderately Aggressive - Managed Volatility
Ivy Variable Insurance Portfolios
73
S000041734
12/31/2021
811-05017
Delaware Ivy VIP Pathfinder Moderately Conservative - Managed Volatility
Ivy Variable Insurance Portfolios
74
S000006229
12/31/2021
811-05017
Ivy VIP Government Money Market (changed to Delaware Ivy VIP Government Money Market)
Ivy Variable Insurance Portfolios
75
S000018873
3/31/2022
811-04413
Delaware Healthcare Fund
DELAWARE GROUP EQUITY FUNDS IV
76
S000054164
3/31/2022
811-04413
Delaware Small Cap Growth Fund
DELAWARE GROUP EQUITY FUNDS IV
77
S000003914
3/31/2022
811-04413
DELAWARE SMID CAP GROWTH FUND
DELAWARE GROUP EQUITY FUNDS IV
78
S000003940
10/31/2021
811-06322
Macquarie Emerging Markets Portfolio
DELAWARE POOLED TRUST
79
S000025841
10/31/2021
811-06322
Macquarie Emerging Markets Portfolio II
DELAWARE POOLED TRUST
80
S000003929
10/31/2021
811-06322
Macquarie Labor Select International Equity Portfolio
DELAWARE POOLED TRUST
81
S000003937
10/31/2021
811-06322
Delaware Global Listed Real Assets Fund
DELAWARE POOLED TRUST
82
S000003942
10/31/2021
811-06322
Macquarie High Yield Bond Portfolio
DELAWARE POOLED TRUST
83
S000003939
10/31/2021
811-06322
Macquarie Core Plus Bond Portfolio
DELAWARE POOLED TRUST
84
S000003931
10/31/2021
811-06322
Macquarie Large Cap Value Portfolio
DELAWARE POOLED TRUST
85
CEF0004092
11/30/2021
811-21765
Macquarie Global Infrastructure Total Return Fund Inc.
Macquarie Global Infrastructure Total Return Fund Inc.
86
S000002397
12/31/2021
811-03363
DELAWARE LIMITED-TERM DIVERSIFIED INCOME FUND
DELAWARE GROUP LIMITED-TERM GOVERNMENT FUNDS
87
S000065934
12/31/2021
811-03363
Delaware Tax-Free New Jersey Fund
DELAWARE GROUP LIMITED-TERM GOVERNMENT FUNDS
88
S000065936
12/31/2021
811-03363
Delaware Tax-Free Oregon Fund
DELAWARE GROUP LIMITED-TERM GOVERNMENT FUNDS