NPORT-EX 2 ANS1DelawareSmCapCoreFd.htm
Schedule of investments
Delaware Small Cap Core Fund August 31, 2021 (Unaudited)
    Number of
shares 		Value (US $)
Common Stocks — 99.13%
Basic Materials — 7.16%
Balchem       235,899 $   33,124,938
Boise Cascade     1,433,553     82,931,041
Coeur Mining †    1,405,299      9,907,358
Ferro †      751,845     15,638,376
Kaiser Aluminum       586,120     74,003,511
Minerals Technologies     1,195,103     93,982,900
Neenah       898,212     45,260,903
Quaker Chemical       236,051     61,165,535
Summit Materials Class A †    1,549,741     52,179,779
Worthington Industries     1,169,737    67,786,259
    535,980,600
Business Services — 4.27%
ABM Industries     1,141,056     56,505,093
ASGN †      775,442     86,996,838
BrightView Holdings †    2,312,593     35,452,051
Casella Waste Systems Class A †      460,084     34,041,615
US Ecology †      925,872     33,192,511
WillScot Mobile Mini Holdings †    2,488,209    73,650,986
    319,839,094
Capital Goods — 10.81%
Ameresco Class A †      956,782     66,161,475
Applied Industrial Technologies       663,509     58,926,234
Barnes Group       510,970     24,357,940
Columbus McKinnon     1,109,404     51,088,054
ESCO Technologies       295,468     26,627,576
Federal Signal     1,550,179     62,983,773
Kadant       330,249     69,061,671
KBR     1,398,299     54,449,763
MasTec †      353,553     32,328,886
MYR Group †      969,457   100,833,223
Rexnord     1,321,256     80,279,515
Tetra Tech       540,858     77,797,015
WESCO International †      891,947   104,375,638
    809,270,763
Communications Services — 0.29%
ATN International       471,747    21,506,946
     21,506,946
Consumer Discretionary — 6.32%
American Eagle Outfitters     3,340,453   101,950,626
NQ-480 [8/21] 10/21 (1868515)    1
Schedule of investments
Delaware Small Cap Core Fund (Unaudited)
    Number of
shares 		Value (US $)
Common Stocks (continued)
Consumer Discretionary (continued)
BJ's Wholesale Club Holdings †    1,529,119 $   86,639,882
Children's Place †      319,201     27,719,415
Dick's Sporting Goods       157,868     22,229,393
Hibbett       466,894     44,677,087
Malibu Boats Class A †      915,106     65,521,590
Sonic Automotive Class A       381,224     19,267,061
Steven Madden     1,868,058     75,600,307
YETI Holdings †      298,571    29,660,043
    473,265,404
Consumer Services — 4.23%
Allegiant Travel †      305,996     58,885,870
Brinker International †    1,119,142     59,616,694
Chuy's Holdings †      711,806     22,962,862
Jack in the Box       569,543     60,348,776
Texas Roadhouse       838,703     79,676,785
Wendy's     1,540,027    35,451,422
    316,942,409
Consumer Staples — 2.65%
Helen of Troy †      215,162     51,464,599
J & J Snack Foods       410,699     67,256,068
Prestige Consumer Healthcare †    1,391,825    79,876,837
    198,597,504
Credit Cyclicals — 2.64%
Dana     2,033,472     47,298,559
KB Home     1,427,120     61,408,974
La-Z-Boy       808,632     28,310,206
Taylor Morrison Home †    2,151,859    60,445,719
    197,463,458
Energy — 1.75%
Earthstone Energy Class A †      899,583      7,439,551
Patterson-UTI Energy     3,756,401     29,149,672
PDC Energy     2,263,706    94,509,726
    131,098,949
Financials — 15.15%
American Equity Investment Life Holding     1,067,773     33,837,726
Bryn Mawr Bank       518,578     21,157,982
City Holding       450,769     35,114,905
Enterprise Financial Services       571,452     25,663,909
Essent Group     1,252,194     58,953,294
2    NQ-480 [8/21] 10/21 (1868515)
(Unaudited)
    Number of
shares 		Value (US $)
Common Stocks (continued)
Financials (continued)
First Bancorp       919,135 $   38,383,078
First Financial Bancorp     1,812,094     42,602,330
First Foundation       877,571     21,088,031
First Interstate BancSystem Class A     1,016,501     44,787,034
Great Western Bancorp     1,095,807     33,926,185
Hamilton Lane Class A       516,277     44,435,961
Independent Bank       598,164     45,879,179
Independent Bank Group       677,630     47,725,481
Kemper       254,659     17,469,607
Lakeland Financial       143,210      9,510,576
NMI Holdings Class A †    1,818,988     41,054,559
Old National Bancorp     3,468,541     57,785,893
Pacific Premier Bancorp     1,484,865     59,335,205
RLI       281,886     30,790,408
Selective Insurance Group       722,802     60,404,563
South State       744,602     51,064,805
Stifel Financial       973,694     67,282,256
Umpqua Holdings     2,339,309     45,546,346
United Community Banks     1,702,715     51,370,912
Valley National Bancorp     3,879,336     50,586,542
WesBanco     1,287,949     43,790,266
WSFS Financial     1,203,796    54,664,376
  1,134,211,409
Healthcare — 19.01%
Agios Pharmaceuticals †      862,702     38,545,525
Amicus Therapeutics †    4,709,622     53,642,594
Apellis Pharmaceuticals †      619,533     40,796,248
AtriCure †      790,693     58,210,819
Biohaven Pharmaceutical Holding †      384,454     50,455,743
Blueprint Medicines †      823,707     76,827,152
CONMED       582,558     76,513,168
CryoLife †    1,754,956     46,050,045
Halozyme Therapeutics †    1,674,097     70,295,333
Insmed †    1,912,172     53,617,303
Inspire Medical Systems †      227,866     50,941,723
Intercept Pharmaceuticals †      457,304      6,818,403
Ligand Pharmaceuticals †      465,801     61,625,472
Merit Medical Systems †    1,150,458     82,568,371
Natera †      372,742     44,143,835
NeoGenomics †      947,509     46,067,888
NuVasive †      952,436     59,184,373
NQ-480 [8/21] 10/21 (1868515)    3
Schedule of investments
Delaware Small Cap Core Fund (Unaudited)
    Number of
shares 		Value (US $)
Common Stocks (continued)
Healthcare (continued)
Omnicell †      452,134 $   70,202,846
PTC Therapeutics †      944,858     41,243,052
Shockwave Medical †      466,753     99,983,160
Supernus Pharmaceuticals †    1,621,348     44,635,710
Tabula Rasa HealthCare †    1,076,649     33,709,880
TransMedics Group †    1,305,638     42,668,250
Travere Therapeutics †    3,179,741     69,413,746
Ultragenyx Pharmaceutical †      636,661     61,304,088
Vanda Pharmaceuticals †    2,598,329    43,496,027
  1,422,960,754
Information Technology — 14.42%
Bandwidth Class A †      135,715     13,965,073
Blackline †      228,358     24,913,858
Box Class A †      749,179     19,313,835
Brooks Automation       578,038     49,110,108
ExlService Holdings †      793,592     97,722,919
Ichor Holdings †      372,267     16,495,151
II-VI †      889,607     56,027,449
J2 Global †      646,220     88,984,494
MACOM Technology Solutions Holdings †      301,212     18,286,580
MaxLinear †    1,505,658     78,640,517
Mimecast †      674,306     47,073,302
NETGEAR †      755,953     27,010,201
Plantronics †      180,466      5,374,277
Q2 Holdings †      655,773     57,767,043
Rapid7 †      987,637   120,017,648
Semtech †      812,017     56,776,229
Silicon Laboratories †      385,819     60,812,791
Sprout Social Class A †      349,073     42,447,277
Upwork †      470,032     21,015,131
Varonis Systems †      919,291     63,440,272
WNS Holdings ADR †      829,320     68,783,801
Yelp †    1,173,314    45,184,322
  1,079,162,278
Media — 0.69%
Cinemark Holdings †    1,196,946     21,341,547
Nexstar Media Group Class A       203,186    30,427,104
     51,768,651
Real Estate Investment Trusts — 5.72%
American Assets Trust     1,131,321     45,049,202
4    NQ-480 [8/21] 10/21 (1868515)
(Unaudited)
    Number of
shares 		Value (US $)
Common Stocks (continued)
Real Estate Investment Trusts (continued)
Armada Hoffler Properties     2,400,996 $   32,245,376
DiamondRock Hospitality †    3,278,007     29,633,183
EastGroup Properties       344,362     62,074,694
Kite Realty Group Trust     2,178,543     44,137,281
Lexington Realty Trust     3,076,437     41,624,193
National Storage Affiliates Trust       859,053     49,180,784
Pebblebrook Hotel Trust     1,579,916     34,805,550
Physicians Realty Trust     2,994,372     55,425,826
RPT Realty     2,635,458    34,102,827
    428,278,916
Transportation — 1.45%
Hub Group Class A †      909,693     63,860,449
Werner Enterprises       948,222    44,718,149
    108,578,598
Utilities — 2.57%
Black Hills       585,506     41,178,637
NorthWestern       797,929     50,748,284
South Jersey Industries     1,977,091     49,051,628
Spire       771,645    51,468,722
    192,447,271
Total Common Stocks (cost $5,223,734,737) 7,421,373,004
Short-Term Investments — 1.25%
Money Market Mutual Funds — 1.25%
BlackRock FedFund – Institutional Shares (seven-day effective yield 0.03%)   23,431,548     23,431,548
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 0.01%)   23,431,548     23,431,548
GS Financial Square Government Fund – Institutional Shares (seven-day effective yield 0.03%)   23,431,548     23,431,548
Morgan Stanley Government Portfolio – Institutional Share Class (seven-day effective yield 0.03%)   23,431,547    23,431,547
Total Short-Term Investments (cost $93,726,191)    93,726,191
Total Value of Securities—100.38%
(cost $5,317,460,928) 		    7,515,099,195
Liabilities Net of Receivables and Other Assets—(0.38%)       (28,462,691)
Net Assets Applicable to 231,730,409 Shares Outstanding—100.00%     $7,486,636,504
† Non-income producing security.
NQ-480 [8/21] 10/21 (1868515)    5
Schedule of investments
Delaware Small Cap Core Fund (Unaudited)
Summary of abbreviations:
ADR – American Depositary Receipt
GS – Goldman Sachs
6    NQ-480 [8/21] 10/21 (1868515)