NPORT-EX 2 AF91DEL022823.htm
Schedule of investments
Delaware Global Listed Real Assets Fund  January 31, 2023 (Unaudited)
    Principal
amount° 		Value (US $)
Corporate Bonds — 11.06%
Basic Industry — 1.34%
Chemours 144A 4.625% 11/15/29 #      394,000 $    329,741
First Quantum Minerals 144A 6.875% 3/1/26 #      200,000      194,734
FMG Resources August 2006      
144A 5.875% 4/15/30 #      100,000       97,777
144A 6.125% 4/15/32 #      100,000       97,603
Freeport-McMoRan 5.45% 3/15/43       235,000      228,646
Novelis      
144A 3.875% 8/15/31 #      255,000      215,606
144A 4.75% 1/30/30 #      140,000      126,912
Univar Solutions USA 144A 5.125% 12/1/27 #      265,000      256,567
Vibrantz Technologies 144A 9.00% 2/15/30 #      120,000      92,658
    1,640,244
Capital Goods — 0.57%
Clean Harbors 144A 5.125% 7/15/29 #      195,000      187,463
GFL Environmental 144A 5.125% 12/15/26 #      160,000      155,828
Sealed Air      
144A 4.00% 12/1/27 #      175,000      162,098
144A 5.00% 4/15/29 #      200,000     192,168
      697,557
Communications — 2.63%
CCO Holdings 144A 5.375% 6/1/29 #      340,000      314,879
CMG Media 144A 8.875% 12/15/27 #      210,000      164,139
CSC Holdings 144A 3.375% 2/15/31 #      200,000      139,741
Cumulus Media New Holdings 144A 6.75% 7/1/26 #       43,000       35,950
DISH DBS 144A 5.75% 12/1/28 #      209,000      171,392
Frontier Communications Holdings 144A 5.875% 10/15/27 #      293,000      280,170
Gray Escrow II 144A 5.375% 11/15/31 #      380,000      292,714
Lamar Media 3.75% 2/15/28       175,000      159,096
LCPR Senior Secured Financing DAC 144A 6.75% 10/15/27 #      194,000      189,272
Nexstar Media 144A 5.625% 7/15/27 #      213,000      203,198
Outfront Media Capital 144A 4.625% 3/15/30 #      245,000      210,704
Sirius XM Radio 144A 5.50% 7/1/29 #      300,000      281,538
Sprint Capital 8.75% 3/15/32        65,000       80,363
T-Mobile USA      
3.375% 4/15/29        60,000       54,771
4.75% 2/1/28       105,000      104,128
Virgin Media Secured Finance 144A 5.50% 5/15/29 #      400,000      371,598
NQ-095 [1/23] 03/23 (2778356)    1
Schedule of investments
Delaware Global Listed Real Assets Fund   (Unaudited)
    Principal
amount° 		Value (US $)
Corporate Bonds (continued)
Communications (continued)
Vmed O2 UK Financing I 144A 4.25% 1/31/31 #      200,000 $    167,272
    3,220,925
Consumer Cyclical — 1.54%
Carnival      
144A 5.75% 3/1/27 #      150,000      124,712
144A 6.00% 5/1/29 #      200,000      158,251
144A 7.625% 3/1/26 #      190,000      173,144
Hilton Domestic Operating      
144A 4.00% 5/1/31 #       85,000       73,777
4.875% 1/15/30       200,000      188,814
Lennar 5.00% 6/15/27        95,000       94,597
Murphy Oil USA 144A 3.75% 2/15/31 #      321,000      268,967
Royal Caribbean Cruises 144A 5.50% 4/1/28 #      490,000      422,047
VICI Properties 144A 5.75% 2/1/27 #      216,000      215,125
Wyndham Hotels & Resorts 144A 4.375% 8/15/28 #      175,000     161,616
    1,881,050
Consumer Non-Cyclical — 1.28%
CHS 144A 5.25% 5/15/30 #      313,000      252,963
HCA      
3.50% 9/1/30        10,000        8,969
5.375% 2/1/25        70,000       70,295
5.875% 2/1/29       305,000      313,975
JBS USA LUX 144A 5.50% 1/15/30 #      289,000      281,170
Pilgrim's Pride 144A 5.875% 9/30/27 #      332,000      329,802
Tenet Healthcare      
4.25% 6/1/29       204,000      181,943
6.875% 11/15/31       135,000     124,575
    1,563,692
Electric — 1.02%
Calpine      
144A 5.00% 2/1/31 #       35,000       30,035
144A 5.125% 3/15/28 #      345,000      312,798
NRG Energy 144A 3.625% 2/15/31 #      190,000      150,775
PG&E 5.25% 7/1/30        85,000       78,307
TerraForm Power Operating 144A 4.75% 1/15/30 #      308,000      277,547
2    NQ-095 [1/23] 03/23 (2778356)
(Unaudited)
    Principal
amount° 		Value (US $)
Corporate Bonds (continued)
Electric (continued)
Vistra Operations      
144A 5.00% 7/31/27 #       70,000 $     65,974
144A 5.50% 9/1/26 #       70,000       68,262
144A 5.625% 2/15/27 #      275,000     265,922
    1,249,620
Energy — 2.05%
Callon Petroleum 144A 8.00% 8/1/28 #       85,000       85,105
CNX Resources      
144A 6.00% 1/15/29 #      265,000      243,677
144A 7.25% 3/14/27 #       10,000        9,964
Crestwood Midstream Partners      
144A 5.625% 5/1/27 #       82,000       78,475
144A 6.00% 2/1/29 #      209,000      198,533
DCP Midstream Operating 5.125% 5/15/29       210,000      209,580
EQM Midstream Partners 144A 4.75% 1/15/31 #      320,000      271,100
Genesis Energy 6.50% 10/1/25       265,000      260,694
Hilcorp Energy I 144A 6.00% 4/15/30 #      100,000       93,082
Marathon Oil 4.40% 7/15/27        75,000       73,322
Murphy Oil      
5.875% 12/1/27       195,000      190,854
6.375% 7/15/28       105,000      103,955
NuStar Logistics      
6.00% 6/1/26        90,000       88,239
6.375% 10/1/30        80,000       77,159
Occidental Petroleum      
6.60% 3/15/46        55,000       58,640
6.625% 9/1/30        40,000       42,512
Southwestern Energy 7.75% 10/1/27       225,000      234,904
Targa Resources Partners 4.875% 2/1/31       195,000     182,511
    2,502,306
Real Estate Investment Trusts — 0.06%
HAT Holdings I 144A 3.75% 9/15/30 #      100,000      76,566
       76,566
Transportation — 0.57%
Air Canada 144A 3.875% 8/15/26 #      255,000      236,221
American Airlines 144A 5.75% 4/20/29 #      309,402      299,683
NQ-095 [1/23] 03/23 (2778356)    3
Schedule of investments
Delaware Global Listed Real Assets Fund   (Unaudited)
    Principal
amount° 		Value (US $)
Corporate Bonds (continued)
Transportation (continued)
Delta Air Lines      
144A 7.00% 5/1/25 #       82,000 $     84,425
7.375% 1/15/26        67,000      69,824
      690,153
Total Corporate Bonds (cost $14,657,160)  13,522,113
Non-Agency Commercial Mortgage-Backed Securities — 1.65%
Cantor Commercial Real Estate Lending Series 2019-CF1 B 4.178% 5/15/52 •      200,000      175,195
Citigroup Commercial Mortgage Trust Series 2019-C7 A4 3.102% 12/15/72      600,000      538,887
GS Mortgage Securities Trust Series 2017-GS6 B 3.869% 5/10/50      730,000      652,417
Morgan Stanley Capital I Trust Series 2016-BNK2 B 3.485% 11/15/49      740,000     649,318
Total Non-Agency Commercial Mortgage-Backed Securities (cost $2,375,124)   2,015,817
Loan Agreements — 2.11%
Air Canada 8.13% (LIBOR03M + 3.50%) 8/11/28 •      179,549      180,043
Calpine      
6.57% (LIBOR01M + 2.00%) 4/5/26 •      316,521      316,214
7.07% (LIBOR01M + 2.50%) 12/16/27 •       81,348       81,352
Calpine Construction Finance Tranche B 6.57% (LIBOR01M + 2.00%) 1/15/25 •      122,970      123,012
Castlelake Aviation One DAC 7.519% (LIBOR03M + 2.75%) 10/22/26 •      222,188      222,587
Charter Communications Operating
Tranche B2 6.32% (LIBOR01M + 1.75%) 2/1/27 • 		     256,181      255,628
CSC Holdings 8.823% (SOFR01M + 3.5%) 1/17/28 •      246,522      234,298
Hamilton Projects Acquiror 9.23% (LIBOR03M + 4.50%) 6/17/27 •      263,133      263,407
Lamar Media Tranche B 6.008% (LIBOR01M + 1.50%) 2/5/27 •      169,139      167,765
Parkway Generation Tranche B 9.426% (SOFR01M + 4.75%) 2/16/29 •      158,077      156,378
Parkway Generation Tranche C 9.426% (SOFR01M + 4.75%) 2/16/29 •       20,735       20,476
Pilot Travel Centers Tranche B 6.561% (SOFR01M + 2.00%) 8/4/28 •      171,938      171,723
4    NQ-095 [1/23] 03/23 (2778356)
(Unaudited)
    Principal
amount° 		Value (US $)
Loan Agreements (continued)
Setanta Aircraft Leasing DAC 6.73% (LIBOR03M + 2.00%) 11/5/28 •      125,000 $    125,039
Sinclair Television Group Tranche B-3 7.57% (LIBOR01M + 3.00%) 4/1/28 •       98,500       96,715
Vistra Operations 6.204% (LIBOR01M + 1.75%) 12/31/25 •      164,412     164,340
Total Loan Agreements (cost $2,571,539)   2,578,977
Sovereign Bonds — 9.93%Δ
Australia — 0.30%
Australia Government Bonds      
  0.75% 11/21/27  AUD    261,075      213,843
  2.50% 9/20/30  AUD    142,485     150,141
      363,984
Canada — 0.76%
Canadian Government Real Return Bonds      
  4.00% 12/1/31  CAD    579,716      540,891
  4.25% 12/1/26  CAD    464,669     387,737
      928,628
France — 2.39%
French Republic Government Bonds OAT      
  144A 0.10% 3/1/26 # EUR  1,122,612    1,208,876
  0.10% 3/1/28  EUR    557,211      606,278
  0.10% 3/1/29  EUR    616,369      657,067
  144A 0.10% 3/1/36 # EUR    131,595      136,868
  144A 0.10% 7/25/38 # EUR    189,224      189,524
  144A 0.10% 7/25/47 # EUR     94,744       93,015
  144A 0.10% 7/25/53 # EUR     38,161      37,405
    2,929,033
Germany — 1.07%
Deutsche Bundesrepublik Inflation Linked Bonds      
  0.10% 4/15/26  EUR    995,764    1,073,470
  0.50% 4/15/30  EUR    205,962     230,367
    1,303,837
Italy — 0.85%
Italy Buoni Poliennali Del Tesoro      
  144A 0.10% 5/15/33 # EUR    517,371      456,840
  144A 1.30% 5/15/28 # EUR    323,626      345,039
NQ-095 [1/23] 03/23 (2778356)    5
Schedule of investments
Delaware Global Listed Real Assets Fund   (Unaudited)
    Principal
amount° 		Value (US $)
Sovereign BondsΔ (continued)
Italy (continued)
Italy Buoni Poliennali Del Tesoro      
  144A 2.55% 9/15/41 # EUR    205,491 $    238,285
    1,040,164
Japan — 0.37%
Japanese Government CPI Linked Bond 0.10% 3/10/29  JPY 57,482,150     455,741
      455,741
Spain — 0.38%
Spain Government Inflation Linked Bond 144A 1.00% 11/30/30 # EUR    428,264     466,708
      466,708
United Kingdom — 3.81%
United Kingdom Inflation-Linked Gilt      
  0.125% 3/22/29  GBP    237,539      295,296
  0.125% 8/10/41  GBP    370,895      443,367
  0.125% 3/22/46  GBP    332,879      389,742
  0.125% 3/22/51  GBP    423,707      493,227
  0.125% 11/22/56  GBP    153,799      181,040
  0.125% 11/22/65  GBP     90,526      108,692
  0.125% 3/22/68  GBP    144,496      174,785
  0.125% 3/22/73  GBP     88,552      113,890
  0.375% 3/22/62  GBP    252,207      326,889
  0.50% 3/22/50  GBP    270,152      347,093
  0.625% 11/22/42  GBP    360,721      473,190
  1.125% 11/22/37  GBP    307,024      427,829
  1.25% 11/22/27  GBP     72,928       95,371
  1.25% 11/22/32  GBP    565,506     784,088
    4,654,499
Total Sovereign Bonds (cost $13,490,340)  12,142,594
US Treasury Obligations — 10.09%
US Treasury Inflation Indexed Bonds      
0.125% 2/15/51      247,339      171,111
0.75% 2/15/42      360,213      315,017
0.75% 2/15/45      389,645      332,621
1.00% 2/15/49      276,491      245,031
2.125% 2/15/40      152,891      168,341
US Treasury Inflation Indexed Notes      
0.125% 10/15/25    2,440,936    2,341,510
6    NQ-095 [1/23] 03/23 (2778356)
(Unaudited)
    Principal
amount° 		Value (US $)
US Treasury Obligations (continued)
US Treasury Inflation Indexed Notes      
0.125% 7/15/30    2,047,822 $  1,883,545
0.125% 2/15/52      147,906      102,257
0.375% 1/15/27    3,917,744    3,744,894
0.625% 1/15/26    2,681,270    2,594,394
0.625% 7/15/32      459,965     435,397
Total US Treasury Obligations (cost $12,562,163)  12,334,118
    Number of
shares 		 
Closed-Ended Trust — 0.61%
Sprott Physical Uranium Trust †       58,718     752,868
Total Closed-Ended Trust (cost $671,225)     752,868
       
Common Stocks — 60.94%
Communication Services — 1.18%
Cellnex Telecom 144A #       34,274   1,343,130
DigitalBridge Group         6,611      97,843
    1,440,973
Consumer Cyclical — 0.08%
Lifestyle Communities         6,900      96,195
       96,195
Consumer Discretionary — 0.17%
Spruce Power Holding †      137,895     205,464
      205,464
Consumer Staples — 1.43%
Archer-Daniels-Midland         6,451     534,465
Bunge         6,837     677,547
Darling Ingredients †        8,099     536,883
    1,748,895
Energy — 9.95%
BP ADR        19,242     697,138
Chesapeake Energy        10,992     953,226
Chord Energy         4,094     586,793
Denbury †       11,662   1,012,028
Enbridge        25,239   1,033,423
EOG Resources         5,888     778,688
Kimbell Royalty Partners        49,315     803,341
Occidental Petroleum         8,960     580,518
NQ-095 [1/23] 03/23 (2778356)    7
Schedule of investments
Delaware Global Listed Real Assets Fund   (Unaudited)
    Number ofshares Value (US $)
Common Stocks (continued)
Energy (continued)
Parex Resources        16,475 $    280,455
Schlumberger        17,994    1,025,298
Shell        35,563    1,044,051
TC Energy        24,969    1,075,851
Unit        12,546      665,189
Valaris †        8,653      628,554
Valero Energy         7,158   1,002,335
   12,166,888
Financials — 0.10%
Rice Acquisition Class A †       12,096     123,500
      123,500
Industrials — 10.07%
Aena 144A 144A #, †        8,006    1,202,893
ALEATICA †    1,077,354    1,973,857
Arcosa        14,169      839,797
Atlas Arteria       194,248      944,711
CCR       502,170    1,163,351
East Japan Railway        18,000    1,003,648
Enav 144A #      235,353    1,083,550
Li-Cycle Holdings †       46,448      252,677
NuScale Power †       29,077      309,961
Sacyr       357,976    1,101,214
Sunrun †       12,210      320,879
Transurban Group       104,716    1,026,651
Vinci         9,704   1,096,451
   12,319,640
Information Technology — 0.07%
NEXTDC †       11,491      81,208
       81,208
Materials — 7.80%
Alcoa         17,634      921,200
Anglo American        21,517      928,037
CF Industries Holdings        12,339    1,045,113
Corteva         4,052      261,151
ERO Copper †       33,746      554,169
Freeport-McMoRan        23,056    1,028,759
Hudbay Minerals       100,078      580,452
Kinross Gold        83,058      385,389
Louisiana-Pacific         5,928      403,638
8    NQ-095 [1/23] 03/23 (2778356)
(Unaudited)
    Number ofshares Value (US $)
Common Stocks (continued)
Materials (continued)
Newmont        20,558 $  1,088,135
Nutrien         9,199      761,585
Pan American Silver        16,523      301,141
Sylvamo         5,454      259,229
Wheaton Precious Metals        22,427   1,025,811
    9,543,809
Real Estate Operating Companies/Developer — 1.06%
China Resources Land         8,000       38,340
Covivio         2,172      149,096
Mitsubishi Estate        42,700      548,828
Mitsui Fudosan         7,900      148,075
Sumitomo Realty & Development        16,900     411,974
    1,296,313
REIT Diversified — 2.68%
Aroundtown        45,936      127,895
Charter Hall Group        17,546      172,768
CK Asset Holdings        38,527      246,323
Fastighets Balder Class B †       17,121       88,212
Inmobiliaria Colonial Socimi        20,395      148,756
Land Securities Group        20,953      183,565
Mapletree Commercial Trust       192,200      267,432
Mapletree Logistics Trust       112,000      144,793
Nomura Real Estate Master Fund           307      359,026
Sun Hung Kai Properties        39,456      559,550
United Urban Investment           275      312,923
Weyerhaeuser        15,387      529,774
Wharf Real Estate Investment        24,000     137,392
    3,278,409
REIT Healthcare — 2.17%
Aedifica           959       84,154
Alexandria Real Estate Equities         5,590      898,537
HealthCo REIT        75,712       87,109
Healthpeak Properties        18,203      500,218
Welltower        14,394   1,080,126
    2,650,144
REIT Hotel — 0.49%
Apple Hospitality REIT        10,529      186,679
Ryman Hospitality Properties         3,068      284,987
NQ-095 [1/23] 03/23 (2778356)    9
Schedule of investments
Delaware Global Listed Real Assets Fund   (Unaudited)
    Number ofshares Value (US $)
Common Stocks (continued)
REIT Hotel (continued)
Xenia Hotels & Resorts         8,458 $    126,024
      597,690
REIT Industrial — 3.07%
Americold Realty Trust        10,686      335,647
First Industrial Realty Trust         4,976      265,470
Goodman Group        18,320      261,309
Industrial & Infrastructure Fund Investment           168      186,184
Mitsubishi Estate Logistics REIT Investment            67      210,601
Prologis        12,637    1,633,711
Rexford Industrial Realty         6,048      383,867
Segro        23,517      242,075
Warehouses De Pauw CVA         7,376     233,907
    3,752,771
REIT Information Technology — 1.75%
American Tower         1,131      252,654
Digital Core REIT Management Pte        74,300       46,960
Digital Realty Trust         8,177      937,248
Equinix         1,046      772,084
SBA Communications           447     132,996
    2,141,942
REIT Mall — 0.22%
Simon Property Group         2,067     265,527
      265,527
REIT Manufactured Housing — 0.77%
Equity LifeStyle Properties         5,209      373,902
Sun Communities         3,607     565,794
      939,696
REIT Multifamily — 2.67%
American Homes 4 Rent Class A        13,694      469,567
Equity Residential        10,200      649,230
Essex Property Trust         2,343      529,682
Gecina         1,647      195,087
LEG Immobilien         1,962      153,377
Mid-America Apartment Communities           701      116,871
UDR        14,110      600,945
UNITE Group        15,662      192,942
Vonovia        12,864     363,381
    3,271,082
10    NQ-095 [1/23] 03/23 (2778356)
(Unaudited)
    Number ofshares Value (US $)
Common Stocks (continued)
REIT Office — 0.82%
Boston Properties         4,197 $    312,844
Castellum         6,346       87,074
Derwent London         3,083       98,347
Fabege         9,587       90,609
Japan Real Estate Investment            44      188,650
Tokyu REIT           108      162,737
Wihlborgs Fastigheter         7,267      59,830
    1,000,091
REIT Retail — 0.89%
CapitaLand Integrated Commercial Trust       127,000      207,789
Capitaland Investment        75,100      227,524
Link REIT        44,985      360,077
Shaftesbury        12,985       63,242
SmartCentres         5,732      121,485
Unibail-Rodamco-Westfield †        1,667     107,880
    1,087,997
REIT Self-Storage — 1.63%
Big Yellow Group        12,830      191,362
Extra Space Storage         4,310      680,247
National Storage        79,331      130,558
Public Storage         3,269     994,888
    1,997,055
REIT Shopping Center — 1.59%
Agree Realty         8,124      606,294
Federal Realty Investment Trust          2,043      227,856
Kenedix Retail REIT            60      112,493
Kimco Realty        22,053      495,310
Kite Realty Group Trust        12,156      263,785
NETSTREIT        11,660     234,716
    1,940,454
REIT Single Tenant — 1.23%
Realty Income        15,669    1,062,828
Spirit Realty Capital        10,215     448,234
    1,511,062
REIT Specialty — 0.13%
Invitation Homes         4,920     159,900
      159,900
NQ-095 [1/23] 03/23 (2778356)    11
Schedule of investments
Delaware Global Listed Real Assets Fund   (Unaudited)
    Number ofshares Value (US $)
Common Stocks (continued)
Utilities — 8.92%
APA Group        77,274 $    578,312
Enel       173,216    1,019,917
Hydro One 144A #       35,245      963,671
National Grid        84,052    1,068,545
Orsted 144A #       11,713    1,043,067
PPL        35,010    1,036,296
Severn Trent        29,325    1,020,537
Snam       204,033    1,039,248
SSE        48,702    1,039,529
Terna - Rete Elettrica Nazionale       132,822    1,050,869
United Utilities Group        80,552   1,054,029
   10,914,020
Total Common Stocks (cost $67,951,811)  74,530,725
Short-Term Investments — 2.98%
Money Market Mutual Funds — 2.98%
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.07%)      909,807      909,807
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.20%)      909,807      909,807
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 4.32%)      909,807      909,807
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 4.14%)      909,807     909,807
Total Short-Term Investments (cost $3,639,228)   3,639,228
Total Value of Securities—99.37%
(cost $117,918,590) 		    121,516,440
Receivables and Other Assets Net of Liabilities—0.63%         775,766
Net Assets Applicable to 9,839,811 Shares Outstanding—100.00%     $122,292,206
° Principal amount shown is stated in USD unless noted that the security is denominated in another currency.
# Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At January 31, 2023, the aggregate value of Rule 144A securities was $19,050,311, which represents 15.58% of the Fund's net assets.
12    NQ-095 [1/23] 03/23 (2778356)
(Unaudited)
• Variable rate investment. Rates reset periodically. Rate shown reflects the rate in effect at January 31, 2023. For securities based on a published reference rate and spread, the reference rate and spread are indicated in their descriptions. 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 descriptions.
Δ Securities have been classified by country of risk.
† Non-income producing security.
The following foreign currency exchange contracts were outstanding at January 31, 2023:
Foreign Currency Exchange Contracts            
Counterparty   Currency to
Receive (Deliver) 		  In Exchange For   Settlement
Date 		  Unrealized
Appreciation 		  Unrealized
Depreciation
BNYM   CAD 31,652   USD (23,694)   2/1/23   $94   $—
BNYM   DKK 421,511   USD (61,867)   2/1/23   —   (263)
BNYM   EUR 32,400   USD (35,279)   2/1/23   —   (52)
BNYM   GBP (11,439)   USD 14,087   2/1/23   —   (16)
JPMCB   AUD (388,304)   USD 273,072   4/21/23   —   (1,846)
JPMCB   CAD (1,244,116)   USD 929,361   4/21/23   —   (6,290)
JPMCB   GBP (3,739,959)   USD 4,643,654   4/21/23   31,480   —
TD   EUR (5,311,422)   USD 5,793,168   4/21/23   —   (3,630)
TD   JPY (59,377,590)   USD 468,494   4/21/23   7,259   —
Total Foreign Currency Exchange Contracts   $38,833   $(12,097)
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 contract presented above the Fund's total exposure in such contracts, whereas only the net unrealized appreciation (depreciation) is reflected in the Fund's net assets.
Summary of abbreviations:
ADR – American Depositary Receipt
BNYM – Bank of New York Mellon
CPI – Consumer Price Index
CVA – Certified Dutch Certificate
DAC – Designated Activity Company
GS – Goldman Sachs
ICE – Intercontinental Exchange, Inc.
JPMCB – JPMorgan Chase Bank
NQ-095 [1/23] 03/23 (2778356)    13
Schedule of investments
Delaware Global Listed Real Assets Fund   (Unaudited)
Summary of abbreviations: (continued)
LIBOR – London Interbank Offered Rate
LIBOR01M – ICE LIBOR USD 1 Month
LIBOR03M – ICE LIBOR USD 3 Month
LIBOR06M – ICE LIBOR USD 6 Month
OAT – Obligations Assimilables du Tresor
REIT – Real Estate Investment Trust
SOFR01M – Secured Overnight Financing Rate 1 Month
TD – TD Bank
Summary of currencies:
AUD – Australian Dollar
CAD – Canadian Dollar
DKK – Danish Krone
EUR – European Monetary Unit
GBP – British Pound Sterling
JPY – Japanese Yen
USD – US Dollar
14    NQ-095 [1/23] 03/23 (2778356)