NPORT-EX 2 IV949DEL123122.htm
Schedule of investments
Delaware Ivy Government Securities Fund 
December 31, 2022 (Unaudited)
    Principal
amount° 		Value (US $)
Agency Collateralized Mortgage Obligations — 2.80%
Freddie Mac REMICs      
Series 2611 HD 5.00% 5/15/23        21,081 $     21,027
Series 4568 DA 3.00% 4/15/46       898,478      821,675
Series 4764 PA 3.00% 10/15/45       372,604      354,226
Series 4798 BA 4.00% 5/15/44       152,877      152,061
Series 4922 PA 2.50% 7/25/49       791,744      696,640
Series 4953 PC 2.00% 8/25/49     1,750,455    1,501,335
GNMA Series 2004-31 ZB 5.00% 4/20/34      967,197     967,417
Total Agency Collateralized Mortgage Obligations
(cost $5,136,237) 		  4,514,381
 
Agency Commercial Mortgage-Backed Securities — 17.22%
Fannie Mae - Aces      
Series 2016-M11 A2 2.369% 7/25/26 •    5,432,768    5,020,566
Series 2016-M6 A2 2.488% 5/25/26     1,762,477    1,649,421
Freddie Mac Multifamily
Structured Pass Through Certificates 		     
Series K048 A2 3.284% 6/25/25 ♦, •    3,890,000    3,762,747
Series K068 X1 0.425% 8/25/27    65,128,875    1,087,730
Series K076 A2 3.90% 4/25/28 ♦    4,000,000    3,898,587
Series K729 A2 3.136% 10/25/24 ♦    1,000,000      969,703
Series KIR3 A2 3.281% 8/25/27 ♦    5,460,000    5,153,599
Series KSMC A2 2.615% 1/25/23 ♦    5,555,000    5,538,237
Series KW02 A1 2.896% 4/25/26       754,395     734,647
Total Agency Commercial Mortgage-Backed Securities
(cost $30,523,964) 		 27,815,237
 
Agency Mortgage-Backed Securities — 27.44%
Freddie Mac S.F. 30 yr      
3.00% 2/1/50       809,897      718,887
3.50% 6/1/47     1,027,250      952,701
2.50% 2/1/52     2,281,359    1,935,409
2.50% 5/1/52       234,187      198,332
3.50% 7/1/49     1,324,272    1,221,775
3.50% 4/1/52     1,903,549    1,738,061
4.00% 10/1/44       614,173      588,939
4.00% 8/1/52       466,285      439,817
4.00% 9/1/52     1,905,294    1,791,890
    Principal
amount° 		Value (US $)
Agency Mortgage-Backed Securities (continued)
Freddie Mac S.F. 30 yr      
4.50% 9/1/52     3,853,134 $  3,721,912
5.50% 9/1/52     2,896,683    2,923,808
5.50% 11/1/52     2,947,277    2,958,356
Fannie Mae S.F. 20 yr      
4.00% 12/1/31       489,805      474,086
4.00% 8/1/42       189,877      179,887
4.00% 9/1/42       463,496      439,108
Fannie Mae S.F. 30 yr      
2.00% 3/1/52     1,175,116      957,426
2.50% 4/1/51     2,231,086    1,895,276
2.50% 11/1/51       924,547      784,709
2.50% 1/1/52     1,378,119    1,168,943
2.50% 2/1/52     1,025,267      872,976
3.00% 8/1/49     1,802,164    1,613,616
3.00% 9/1/49     1,381,455    1,236,453
3.00% 10/1/49       599,157      530,200
3.00% 1/1/50     1,618,792    1,441,619
3.50% 5/1/49       924,293      852,954
3.50% 2/1/50     1,368,079    1,280,884
4.50% 2/1/48       862,624      856,095
4.50% 9/1/49       959,650      940,494
5.00% 6/1/52     1,881,587    1,855,566
5.00% 9/1/52     3,973,456    3,918,506
5.50% 10/1/52     1,347,329    1,351,863
5.50% 11/1/52     1,114,892    1,127,797
5.50% 12/1/52     1,254,794    1,258,162
6.00% 4/1/39        91,698      93,150
Total Agency Mortgage-Backed Securities
(cost $46,210,363) 		 44,319,657
 
Agency Obligations — 1.20%
Federal Home Loan Mortgage      
4.00% 2/28/25       980,000      967,104
4.20% 8/28/25       980,000     968,228
Total Agency Obligations
(cost $1,960,000) 		  1,935,332
 
US Treasury Obligations — 50.54%
US Treasury Bonds      
1.375% 11/15/40    3,665,000    2,384,684
1.375% 8/15/50    2,965,000    1,648,644
1.875% 2/15/41    4,255,000    3,009,748
2.50% 2/15/45    3,050,000    2,299,116
2.875% 5/15/52    8,120,000    6,508,688
3.00% 8/15/52    3,040,000    2,505,625
US Treasury Notes      
1.125% 2/15/31    6,150,000    5,013,931
1.625% 2/15/26    2,955,000    2,733,837
2.25% 11/15/25   11,325,000   10,721,590
2.75% 8/15/32    1,130,000    1,029,183
NQ-IV949 [12/22] 2/23 (2747682)    1
Schedule of investments
Delaware Ivy Government Securities Fund   (Unaudited)
    Principal
amount° 		Value (US $)
US Treasury Obligations (continued)
US Treasury Notes      
2.875% 8/15/28    7,495,000 $  7,059,646
2.875% 5/15/32    7,840,000    7,227,500
3.875% 11/30/27    1,905,000    1,894,880
4.00% 10/31/29   13,195,000   13,202,216
4.125% 10/31/27    8,690,000    8,722,588
4.375% 10/31/24    5,675,000   5,659,261
Total US Treasury Obligations
(cost $87,357,222) 		 81,621,137
    Number of
shares 		 
Short-Term Investments — 0.42%
Money Market Mutual Funds — 0.42%
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.03%)      171,483      171,483
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.06%)      171,483      171,483
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 4.23%)      171,483      171,483
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 4.11%)      171,483     171,483
Total Short-Term Investments
(cost $685,932) 		    685,932
Total Value of Securities—99.62%
(cost $171,873,718) 		    160,891,676
Receivables and Other Assets Net of Liabilities—0.38%         611,580
Net Assets Applicable to 33,594,192 Shares Outstanding—100.00%     $161,503,256
° Principal amount shown is stated in USD unless noted that the security is denominated in another currency.
• Variable rate investment. Rates reset periodically. Rate shown reflects the rate in effect at December 31, 2022. 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.
♦ 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.
 
2    NQ-IV949 [12/22] 2/23 (2747682)
(Unaudited)
The following futures contracts were outstanding at December 31, 2022:
Futures Contracts
Exchange-Traded
Contracts to Buy (Sell)   Notional
Amount 		  Notional
Cost
(Proceeds) 		  Expiration
Date 		  Value/
Unrealized
Depreciation 		  Variation
Margin
Due from
(Due to)
Brokers
37 US Treasury 10 yr Notes   $4,154,985   $4,166,635   3/22/23   $(11,650)   $(5,203)
The use of futures contracts involves elements of market risk and risks in excess of the amounts disclosed in these financial statements. The notional amounts presented above represent the Fund’s total exposure in such contracts, whereas only the variation margin is reflected in the Fund’s net assets.
Summary of abbreviations: 
GNMA – Government National Mortgage Association
ICE – Intercontinental Exchange, Inc.
LIBOR – London Interbank Offered Rate
LIBOR03M – ICE LIBOR USD 3 Month
LIBOR06M – ICE LIBOR USD 6 Month
S.F. – Single Family
USD – US Dollar
yr – Year
NQ-IV949 [12/22] 2/23 (2747682)    3