NPORT-EX 2 AFIF0DelawareLimitedDurBdFd.htm fif0_del-ldbf.htm - Generated by SEC Publisher for SEC Filing

Schedule of investments

Delaware Limited Duration Bond Fund June 30, 2020 (Unaudited)

  Principal amount°    Value (US $) 
Agency Commercial Mortgage-Backed Security – 1.70%       
   Freddie Mac Multifamily Structured Pass Through       
     Certificates       
     Series K734 A1 3.139% 6/25/25 ⯁ 2,946,191  $  3,192,007 
Total Agency Commercial Mortgage-Backed Security (cost $3,005,112)      3,192,007 
 
Agency Mortgage-Backed Securities – 11.76%       
   Fannie Mae S. F. 30 yr       
     4.50% 2/1/44  1,611,870    1,830,342 
     4.50% 4/1/44  1,853,278    2,104,488 
     4.50% 11/1/44  1,983,306    2,221,610 
     4.50% 10/1/45  4,542,773    5,048,783 
     5.00% 5/1/48  3,011,240    3,297,467 
     5.50% 5/1/44  114,547    131,462 
   Freddie Mac S. F. 30 yr       
     4.50% 7/1/45  381,584    424,452 
     5.00% 7/1/45  4,584,529    5,259,050 
     5.00% 8/1/48  1,661,049    1,815,396 
Total Agency Mortgage-Backed Securities (cost $21,579,632)      22,133,050 
 
Corporate Bonds – 41.64%       
Banking - 16.49%       
   Ally Financial 5.75% 11/20/25  540,000    577,551 
   Banco Santander 3.50% 4/11/22  1,200,000    1,248,403 
   Bank of America       
     3.458% 3/15/25 µ 1,500,000    1,627,817 
     5.625% 7/1/20  520,000    520,000 
   Bank of Montreal 1.85% 5/1/25  260,000    269,364 
   Bank of New York Mellon 1.60% 4/24/25  935,000    969,919 
   Barclays Bank 1.70% 5/12/22  240,000    244,291 
   Citizens Financial Group 2.85% 7/27/26  920,000    996,976 
   Credit Agricole 144A 1.907% 6/16/26 #µ  280,000    284,185 
   DNB Boligkreditt 144A 2.50% 3/28/22 #  4,500,000    4,648,903 
   Goldman Sachs Group       
     3.50% 4/1/25  135,000    148,189 
     5.75% 1/24/22  4,000,000    4,316,468 
   Huntington National Bank       
     2.50% 8/7/22  285,000    295,914 
     3.125% 4/1/22  910,000    949,103 
   JPMorgan Chase & Co.       
     4.023% 12/5/24 µ  3,410,000    3,759,276 
     4.60%µy  130,000    116,071 
   KeyBank       
     2.40% 6/9/22  250,000    258,800 

 

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Schedule of investments

Delaware Limited Duration Bond Fund (Unaudited)

  Principal amount°    Value (US $) 
Corporate Bonds (continued)       
Banking (continued)       
KeyBank       
3.18% 5/22/22  655,000  $  679,402 
Morgan Stanley       
1.668% (LIBOR03M + 1.22%) 5/8/24 •  1,290,000    1,299,893 
2.188% 4/28/26 µ  310,000    322,773 
2.75% 5/19/22  120,000    124,796 
3.622% 4/1/31 µ  230,000    263,237 
3.737% 4/24/24 µ  350,000    377,474 
PNC Bank 2.70% 11/1/22  455,000    476,223 
Regions Financial       
2.75% 8/14/22  300,000    312,583 
3.80% 8/14/23  235,000    255,705 
Truist Bank 2.636% 9/17/29 µ  1,015,000    1,018,952 
Truist Financial 2.70% 1/27/22  1,650,000    1,702,576 
UBS 144A 1.75% 4/21/22 #  200,000    203,828 
UBS Group       
144A 2.65% 2/1/22 #  580,000    597,545 
144A 3.00% 4/15/21 #  1,605,000    1,636,831 
US Bank       
2.05% 10/23/20  265,000    266,058 
3.40% 7/24/23  250,000    270,521 
      31,039,627 
Basic Industry - 2.42%       
Air Products and Chemicals       
1.50% 10/15/25  55,000    56,918 
1.85% 5/15/27  70,000    73,402 
DuPont de Nemours 2.169% 5/1/23  710,000    723,610 
Georgia-Pacific       
144A 1.75% 9/30/25 #  215,000    221,965 
144A 2.10% 4/30/27 #  175,000    181,872 
144A 5.40% 11/1/20 #  2,587,000    2,628,291 
LYB International Finance III 2.875% 5/1/25  170,000    181,237 
PolyOne 144A 5.75% 5/15/25 #  476,000    490,577 
      4,557,872 
Brokerage - 0.21%       
National Securities Clearing 144A 1.20% 4/23/23 #  390,000    396,180 
      396,180 
Capital Goods - 2.81%       
General Dynamics 3.00% 5/11/21  930,000    951,552 
General Electric 3.45% 5/1/27  185,000    189,936 
L3Harris Technologies 3.85% 6/15/23  225,000    244,799 

 

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(Unaudited)

  Principal amount°    Value (US $) 
Corporate Bonds (continued)       
Capital Goods (continued)       
Mauser Packaging Solutions Holding 144A       
5.50% 4/15/24 #  593,000  $  583,727 
Otis Worldwide 144A 2.056% 4/5/25 #  425,000    445,889 
Roper Technologies 2.35% 9/15/24  2,050,000    2,161,887 
Standard Industries 144A 6.00% 10/15/25 #  475,000    490,383 
WESCO Distribution 144A 7.125% 6/15/25 #  211,000    223,069 
      5,291,242 
Communications - 3.18%       
AT&T 1.498% (LIBOR03M + 1.18%) 6/12/24 •  1,365,000    1,368,226 
Crown Castle International 5.25% 1/15/23  675,000    751,383 
Fox 4.03% 1/25/24  2,985,000    3,310,899 
T-Mobile USA       
144A 1.50% 2/15/26 #  185,000    185,450 
144A 3.50% 4/15/25 #  220,000    240,217 
Verizon Communications 3.15% 3/22/30  115,000    130,257 
      5,986,432 
Consumer Cyclical - 1.17%       
General Motors Financial       
3.45% 4/10/22  960,000    979,131 
4.15% 6/19/23  575,000    601,253 
Mastercard 3.30% 3/26/27  125,000    141,761 
Prime Security Services Borrower 144A 5.25% 4/15/24 #  211,000    216,297 
VF 2.40% 4/23/25  250,000    263,477 
      2,201,919 
Consumer Non-Cyclical - 4.18%       
AbbVie 144A 2.60% 11/21/24 #  710,000    756,528 
Amgen 2.20% 2/21/27  560,000    591,395 
Anheuser-Busch InBev Worldwide 4.15% 1/23/25  2,435,000    2,764,752 
Coca-Cola 1.45% 6/1/27  570,000    585,966 
CVS Health       
3.35% 3/9/21  635,000    647,642 
3.70% 3/9/23  550,000    591,193 
Diageo Capital 1.375% 9/29/25  365,000    371,614 
Mondelez International       
1.50% 5/4/25  575,000    586,678 
2.125% 4/13/23  245,000    253,921 
Upjohn       
144A 1.65% 6/22/25 #  75,000    76,549 
144A 2.30% 6/22/27 #  60,000    62,040 
US Foods 144A 6.25% 4/15/25 #  571,000    583,491 
      7,871,769 

 

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Schedule of investments

Delaware Limited Duration Bond Fund (Unaudited)

    Principal amount°    Value (US $) 
Corporate Bonds (continued)        
Electric - 4.57%        
Avangrid 3.20% 4/15/25   380,000  $  415,713 
   Cleveland Electric Illuminating 5.50% 8/15/24   1,150,000    1,357,451 
Duke Energy        
     1.80% 9/1/21   1,065,000    1,079,152 
     4.875%µy  460,000    460,100 
Entergy 4.00% 7/15/22   845,000    897,221 
   Entergy Louisiana 4.05% 9/1/23   905,000    990,874 
ITC Holdings 2.70% 11/15/22   1,755,000    1,831,082 
   NRG Energy 144A 3.75% 6/15/24 #   690,000    729,758 
   Pacific Gas and Electric 2.10% 8/1/27   115,000    113,858 
   Vistra Operations 144A 3.55% 7/15/24 #   705,000    728,075 
        8,603,284 
Energy - 2.13%        
   Continental Resources 3.80% 6/1/24   285,000    269,633 
Marathon Oil 2.80% 11/1/22   545,000    545,791 
ONEOK 7.50% 9/1/23   1,330,000    1,523,013 
   Sabine Pass Liquefaction 5.75% 5/15/24   585,000    659,124 
   Schlumberger Holdings 144A 3.75% 5/1/24 #   930,000    1,002,358 
        3,999,919 
Finance Companies - 2.59%        
   Aviation Capital Group 144A 2.875% 1/20/22 #   485,000    463,633 
   Avolon Holdings Funding 144A 3.95% 7/1/24 #   3,285,000    2,876,593 
   GE Capital Funding 144A 3.45% 5/15/25 #   365,000    382,661 
   International Lease Finance 8.625% 1/15/22   870,000    935,064 
   USAA Capital 144A 1.50% 5/1/23 #   200,000    205,281 
        4,863,232 
Insurance - 0.27%        
   Equitable Holdings 3.90% 4/20/23   465,000    497,928 
        497,928 
Technology - 1.11%        
Broadcom        
     144A 3.15% 11/15/25 #   200,000    212,600 
     144A 4.70% 4/15/25 #   125,000    140,885 
   Global Payments 2.65% 2/15/25   430,000    456,961 
   International Business Machines 3.00% 5/15/24   390,000    422,565 
Microchip Technology        
     3.922% 6/1/21   145,000    147,859 
     4.333% 6/1/23   615,000    663,971 
   NXP 144A 2.70% 5/1/25 #   45,000    47,344 
        2,092,185 

 

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(Unaudited)

  Principal amount°    Value (US $) 
Corporate Bonds (continued)       
Transportation - 0.51%       
Delta Air Lines 144A 7.00% 5/1/25 #  936,000  $  967,186 
      967,186 
Total Corporate Bonds (cost $77,407,300)      78,368,775 
 
Non-Agency Asset-Backed Securities – 22.06%       
American Express Credit Account Master Trust       
Series 2019-4 A 0.425% (LIBOR01M + 0.24%)       
4/15/24 •  2,000,000    2,002,794 
Americredit Automobile Receivables Trust       
Series 2019-1 B 3.13% 2/18/25  1,200,000    1,246,092 
ARI Fleet Lease Trust       
Series 2019-A A2B 144A 0.665% (LIBOR01M + 0.48%)       
11/15/27 #•  4,269,592    4,267,563 
BMW Vehicle Lease Trust       
Series 2018-1 A3 3.26% 7/20/21  793,106    799,138 
CarMax Auto Owner Trust       
Series 2018-2 B 3.37% 10/16/23  1,850,000    1,927,384 
Series 2019-2 A3 2.68% 3/15/24  2,000,000    2,062,255 
Citibank Credit Card Issuance Trust       
Series 2018-A1 A1 2.49% 1/20/23  6,030,000    6,101,996 
GM Financial Automobile Leasing Trust       
Series 2018-2 B 3.31% 4/20/22  1,400,000    1,411,818 
Series 2018-3 A3 3.18% 6/21/21  1,739,424    1,748,366 
Hertz Vehicle Financing II       
Series 2017-1A A 144A 2.96% 10/25/21 #  1,208,739    1,197,769 
John Deere Owner Trust       
Series 2019-A A3 2.91% 7/17/23  8,000,000    8,209,292 
Kubota Credit Owner Trust       
Series 2018-1A A3 144A 3.10% 8/15/22 #  3,001,659    3,046,539 
Mercedes-Benz Auto Lease Trust       
Series 2019-B A2 2.01% 12/15/21  1,694,344    1,702,525 
Nissan Auto Receivables Owner Trust       
Series 2019-B A3 2.50% 11/15/23  2,000,000    2,058,466 
Tesla Auto Lease Trust       
Series 2018-B A 144A 3.71% 8/20/21 #  3,403,498    3,452,555 
Verizon Owner Trust       
Series 2017-2A A 144A 1.92% 12/20/21 #  276,775    277,034 
Total Non-Agency Asset-Backed Securities       
(cost $40,894,645)      41,511,586 

 

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Schedule of investments

Delaware Limited Duration Bond Fund (Unaudited)

  Principal amount°    Value (US $) 
US Treasury Obligations – 21.66%       
US Treasury Bond       
1.25% 5/15/50  35,000  $  33,611 
US Treasury Floating Rate Note       
0.304% (USBMMY3M + 0.154%) 1/31/22 •  14,910,000    14,931,885 
US Treasury Notes       
0.375% 4/30/25  19,055,000    19,143,949 
0.625% 5/15/30  3,840,000    3,828,900 
1.625% 12/31/21  2,770,000    2,830,702 
Total US Treasury Obligations (cost $40,632,385)      40,769,047 
 
  Number of shares     
Short-Term Investments – 0.84%       
Money Market Mutual Funds - 0.84%       
BlackRock FedFund – Institutional Shares (seven-day       
effective yield 0.10%)  317,292    317,292 
Fidelity Investments Money Market Government       
Portfolio – Class I (seven-day effective yield 0.06%)  317,293    317,293 
GS Financial Square Government Fund – Institutional       
Shares (seven-day effective yield 0.15%)  317,293    317,293 
Morgan Stanley Government Portfolio – Institutional Share       
Class (seven-day effective yield 0.03%)  317,293    317,293 
State Street Institutional US Government Money Market       
Fund – Investor Class (seven-day effective yield 0.04%)  317,293    317,293 
Total Short-Term Investments (cost $1,586,464)      1,586,464 
 
Total Value of Securities – 99.66%       
(cost $185,105,538)      187,560,929 
Receivables and Other Assets Net of Liabilities – 0.34%      632,678 
Net Assets Applicable to 19,976,636 Shares Outstanding – 100.00%    $  188,193,607 

 

#  Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. 
  At June 30, 2020, the aggregate value of Rule 144A securities was $35,151,651, which represents 
  18.68% of the Fund’s net assets. 
⯁  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. 
°  Principal amount shown is stated in USD unless noted that the security is denominated in another 
  currency. 
µ  Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at June 30, 2020. 
  Rate will reset at a future date. 
y    No contractual maturity date. 

 

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(Unaudited)

•  Variable rate investment. Rates reset periodically. Rate shown reflects the rate in effect at 
  June 30, 2020. For securities based on a published reference rate and spread, the reference rate and 
  spread are indicated in their description above. 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 description above. 

 

Summary of abbreviations:
GS – Goldman Sachs
ICE – Intercontinental Exchange
LIBOR – London interbank offered rate
LIBOR01M – ICE LIBOR USD 1 Month
LIBOR03M – ICE LIBOR USD 3 Month
LIBOR06M – ICE LIBOR USD 6 Month
S.F. – single family
USBMMY3M – US Treasury 3 Month Bill Money Market Yield
USD – US Dollar
yr – Year

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