NPORT-EX 2 AV91DelawareInvNatMuniIncFd.htm v9_del-inmif.htm - Generated by SEC Publisher for SEC Filing

Schedule of investments

Delaware Investments® National Municipal Income Fund

June 30, 2020 (Unaudited)

    Principal    Value    Principal    Value 
    Amount°    (US $)    Amount°    (US $) 
Municipal Bonds - 143.81%         Municipal Bonds (continued)       
Corporate Revenue Bonds - 17.14%         Corporate Revenue Bonds (continued)       
    Buckeye Tobacco Settlement         Shoals, Indiana       
Financing Authority         (National Gypsum Project)       
       (Senior)         7.25% 11/1/43 (AMT)  310,000  $  326,852 
       Series A-2 3.00% 6/1/48   1,000,000  $  950,800  Suffolk County, New York       
       Series A-2 4.00% 6/1/48   1,000,000    1,082,510  Tobacco Asset       
    Central Plains Energy Project         Securitization       
Revenue, Nebraska         Series B 5.00% 6/1/32  750,000    775,275 
       (Project No. 3)         Tobacco Settlement Financing       
Series A 5.00% 9/1/36   225,000    294,977  Corporation, Louisiana       
    Commonwealth Financing         Asset-Backed Note       
Authority Revenue,         Series A 5.25% 5/15/35  460,000    494,643 
Pennsylvania         Tobacco Settlement Financing       
(Tobacco Master         Corporation, New Jersey       
Settlement Payment)         Series A 5.00% 6/1/46  130,000    149,274 
       4.00% 6/1/39 (AGM)   1,015,000    1,131,786  Subordinate Series B       
   Florida Development Finance         5.00% 6/1/46  335,000    368,008 
Surface Transportation         TSASC Revenue, New York       
Facilities Revenue         (Settlement) Series A       
(Virgin Trains USA         5.00% 6/1/41  60,000    66,152 
Passenger Rail Project)         Valparaiso, Indiana       
Series A 144A 6.50%         (Pratt Paper Project) 7.00%       
       1/1/49 (AMT) #• 475,000    419,743  1/1/44 (AMT)  240,000    256,891 
    Golden State Tobacco                
Securitization, California               11,007,495 
       Series A-1 5.00% 6/1/47   250,000    253,133  Education Revenue Bonds - 22.33%       
    Louisiana Local Government         Arizona Industrial       
       Environmental Facilities &         Development Authority       
       Community Development         Revenue       
       Authority         (American Charter Schools       
(Westlake Chemical)         Foundation Project) 144A       
Series A 6.50% 8/1/29   645,000    647,103  6.00% 7/1/47 #  330,000    348,883 
       Series A-1 6.50% 11/1/35   255,000    258,425  California Educational       
    M-S-R Energy Authority,         Facilities Authority Revenue       
       California Gas         (Loma Linda University)       
Series B 6.50% 11/1/39   250,000    392,867  Series A 5.00% 4/1/47  500,000    551,395 
Series C 7.00% 11/1/34   1,000,000    1,513,790  (Stanford University)       
New York Liberty         Series V-1 5.00% 5/1/49  1,000,000    1,669,450 
Development Revenue         East Hempfield Township,       
       (Bank of America Tower at         Pennsylvania Industrial       
One Bryant Park Project)         Development Authority       
       2.625% 9/15/69   250,000    248,433  (Student Services Income -       
       2.80% 9/15/69   630,000    618,320  Student Housing Project)       
    New York Transportation         5.00% 7/1/35  1,000,000    1,004,410 
       Development         Health & Educational Facilities       
(Delta Air Lines, Inc. -         Authority of the State of       
LaGuardia Airport         Missouri       
       Terminals C&D         (St. Louis College of       
Redevelopment Project)         Pharmacy Project) 5.25%       
       4.00% 1/1/36 (AMT)   750,000    758,513  5/1/33  500,000    521,670 

 

(continues) NQ- OV9 [6/20] 8/20 (1294509) 1

 

Schedule of investments

Delaware Investments® National Municipal Income Fund (Unaudited)

    Principal    Value      Principal    Value 
    Amount°    (US $)      Amount°    (US $) 
  Municipal Bonds (continued)        Municipal Bonds (continued)        
  Education Revenue Bonds (continued)        Education Revenue Bonds (continued)        
  Illinois Finance Authority            Swarthmore Borough        
  Revenue               Authority, Pennsylvania        
       (CHF - Chicago, L. L. C. -        (Swarthmore College        
  University Of Illinois at               Project) 5.00% 9/15/32   490,000  $  560,119 
  Chicago Project) Series A        Troy, New York Capital        
  5.00% 2/15/50  460,000  $  461,067         Resource Revenue        
  (Chicago International               (Rensselaer Polytechnic)        
  Charter School Project)               Series A 5.125% 9/1/40   600,000    604,578 
  5.00% 12/1/47  535,000    562,445      University of California        
  Louisiana Public Facilities        Series AI 5.00% 5/15/32   1,000,000    1,114,710 
  Authority Revenue               Series AZ 5.25% 5/15/58   465,000    578,274 
  (Provident Group-Flagship            University of Texas System        
  Properties) Series A 5.00%               Revenue Financing System        
  7/1/56  500,000    537,640         Bonds        
  Massachusetts Development               Series B 5.00% 8/15/49   1,000,000    1,660,510 
  Finance Agency            Wyoming Community        
  (Umass Boston Student               Development Authority        
  Housing Project) 5.00%               Student Housing Revenue        
  10/1/48  285,000    276,054  (CHF-Wyoming LLC)        
  New Hope, Texas Cultural               6.50% 7/1/43   250,000    254,755 
  Education Facilities                 
  (Chief-Collegiate Housing-                14,339,616 
  Tarleton St. ) Series A        Electric Revenue Bonds - 4.72%        
  5.00% 4/1/34  1,000,000    1,030,910      JEA Electric System Revenue,        
  New York City, New York Trust               Florida        
  For Cultural Resources               Series A 5.00% 10/1/33   355,000    403,866 
  (Whitney Museum of            Long Island Power Authority,        
  American Art) 5.00%        New York Electric System        
  7/1/31  500,000    508,835         Revenue        
  Philadelphia, Pennsylvania               5.00% 9/1/47   305,000    364,591 
  Authority for Industrial                 
  Development               Series A 5.00% 9/1/44   250,000    286,567 
  (1st Philadelphia               Series B 5.00% 9/1/46   130,000    151,259 
  Preparatory College)            Municipal Electric Authority of        
  Series A 7.25% 6/15/43  370,000    411,980         Georgia (Plant Vogtle Units        
  Phoenix, Arizona Industrial               3 & 4 Project)      
  Development Authority               Series A 5.00% 1/1/56   400,000    464,772 
  Revenue            Philadelphia, Pennsylvania        
  (Rowan University Project)        Gas Works Revenue        
  5.00% 6/1/42  1,000,000    1,039,580         (1998 General Ordinance        
  Pima County, Arizona               Fifteenth Series) 5.00%        
  Industrial Development               8/1/47   500,000    571,525 
  Authority Education            Puerto Rico Electric Power        
  Revenue               Authority Revenue        
  (Edkey Charter School        Series A 5.05% 7/1/42 ‡   70,000    48,825 
  Project) 6.00% 7/1/48  500,000    504,435         Series AAA 5.25%        
  Private Colleges & Universities               7/1/25 ‡ 40,000    28,000 
  Authority Revenue, Georgia               Series CCC 5.25%        
  (Mercer University) Series A               7/1/27 ‡ 315,000    220,500 
  5.00% 10/1/32  135,000    137,916         Series WW 5.00% 7/1/28 ‡   305,000    212,737 
                 Series XX 4.75% 7/1/26 ‡   40,000    27,700 

 

2 NQ- OV9 [6/20] 8/20 (1294509)

 

(Unaudited)

  Principal    Value      Principal    Value 
  Amount°    (US $)      Amount°    (US $) 
Municipal Bonds (continued)        Municipal Bonds (continued)        
Electric Revenue Bonds (continued)        Healthcare Revenue Bonds (continued)     
Puerto Rico Electric Power            Capital Trust Agency, Florida        
Authority Revenue        (Tuscan Gardens Senior        
Series XX 5.25% 7/1/40 ‡  120,000  $  84,000  Living Center) Series A        
Series XX 5.75% 7/1/36 ‡  150,000    105,750         7.00% 4/1/49   375,000  $  281,250 
Series ZZ 4.75% 7/1/27 ‡  35,000    24,237      Colorado Health Facilities        
Series ZZ 5.25% 7/1/24 ‡  55,000    38,500         Authority Revenue        
        (CommonSpirit Health)        
      3,032,829         Series A-2 4.00% 8/1/49   1,000,000    1,073,460 
Healthcare Revenue Bonds - 31.88%               (Healthcare Facilities -        
Alabama Special Care               American Baptist) 8.00%        
Facilities Financing               8/1/43   330,000    348,896 
Authority-Birmingham               (Sanford Health) Series A        
Alabama               5.00% 11/1/44   500,000    596,895 
(Methodist Home for the            Cuyahoga County, Ohio        
Aging) 6.00% 6/1/50  500,000    507,410  Hospital Revenue        
Allegheny County Hospital,               (The Metrohealth System)        
Pennsylvania Development               5.50% 2/15/57   1,000,000    1,117,710 
Authority            Escambia County Health        
(Allegheny Health Network               Facilities Authority Revenue        
Obligated Group Issue)               (Healthcare Facilities -        
Series A 4.00% 4/1/44  300,000    324,789  Baptist) Series A 4.00%        
Arizona Industrial               8/15/50 AGM 540,000    575,354 
Development Authority            Idaho Health Facilities        
Revenue               Authority Revenue        
(Great Lakes Senior Living               (St. Luke’s Health System        
Communities LLC Project)        Project) Series A 5.00%        
Series A 5.00% 1/1/54  190,000    171,523         3/1/33   1,250,000    1,521,737 
Series B 5.00% 1/1/49  70,000    57,624      Kalispell, Montana        
Series B 5.125% 1/1/54  85,000    70,119         (Immanuel Lutheran        
Berks County, Pennsylvania               Corporation Project)        
Industrial Development        Series A 5.25% 5/15/37   700,000    693,770 
Authority Revenue            Maine Health & Higher        
(Tower Health Project)               Educational Facilities        
5.00% 11/1/50  1,000,000    1,106,730         Authority Revenue        
Brookhaven Development        (Maine General Medical        
Authority Revenue, Georgia        Center) 6.75% 7/1/41   300,000    309,048 
(Children’s Healthcare of            Maryland Health & Higher        
Atlanta) Series A 4.00%               Educational Facilities        
7/1/49  30,000    33,618         Authority        
California Health Facilities        (University Of Maryland        
Financing Authority        Medical System Issue)        
Revenue        Series D 4.00% 7/1/48   255,000    275,071 
(Kaiser Permanente)            Miami-Dade County, Florida        
Series A1 5.00% 11/1/47  400,000    638,496         Health Facilities Authority        
California Statewide               Revenue        
Communities Development        (Nicklaus Children’s        
Authority        Hospital Project) 5.00%        
(Loma Linda University               8/1/47   200,000    229,442 
Medical Center) Series A                 
144A 5.25% 12/1/56 #  760,000    818,596           

 

(continues) NQ- OV9 [6/20] 8/20 (1294509) 3

 

Schedule of investments

Delaware Investments® National Municipal Income Fund (Unaudited)

    Principal    Value    Principal    Value 
    Amount°    (US $)    Amount°    (US $) 
Municipal Bonds (continued)         Municipal Bonds (continued)       
Healthcare Revenue Bonds (continued)      Healthcare Revenue Bonds (continued)     
    Michigan Finance Authority         Palomar Health, California       
       Revenue         5.00% 11/1/39  130,000  $  147,536 
       (Beaumont Health Credit         Tarrant County, Texas Cultural       
       Group) 5.00% 11/1/44   1,000,000  $  1,128,670  Education Facilities Finance       
    Montgomery County Higher         (Buckner Senior Living -       
Education and Health         Ventana Project) 6.75%       
       Authority         11/15/47  250,000    261,693 
(Thomas Jefferson         Washington Health Care       
       University) 4.00% 9/1/49   750,000    800,670  Facilities Authority Revenue       
    Moon, Pennsylvania Industrial         (CommonSpirit Health)       
       Development Authority         Series A-2 5.00% 8/1/38  250,000    298,140 
       (Baptist Homes Society         Westminster, Maryland       
Obligation) 6.125%         (Lutheran Village Millers       
       7/1/50   750,000    763,365  Grant) Series A 6.00%       
    New Hope, Texas Cultural         7/1/34  500,000    518,645 
Education Facilities         Wisconsin Health &       
(Cardinal Bay Inc. )         Educational Facilities       
       Series A1 5.00% 7/1/51   135,000    124,259  Authority       
       Series B 4.75% 7/1/51   160,000    118,811  (Covenant Communities,       
    New Jersey Health Care         Inc. Project) Series B       
Facilities Financing         5.00% 7/1/53  1,000,000    908,780 
Authority Revenue         Yavapai County, Arizona       
(St. Peters University         Industrial Development       
       Hospital) 6.25% 7/1/35   300,000    310,041  Authority Revenue       
(Valley Health System         (Yavapai Regional Medical       
       Obligated) 4.00% 7/1/44   475,000    520,287  Center) Series A 5.00%       
    New York State Dormitory         8/1/28  720,000    796,428 
       Authority               20,471,280 
       Series A 4.00% 7/1/53   305,000    340,041         
(Orange Regional Medical         Lease Revenue Bonds - 7.70%       
Center) 144A 5.00%         California State Public Works       
       12/1/35 # 500,000    578,360  Board Lease Revenue       
    Orange County, Florida Health         (Various Capital Projects)       
       Facilities Authority Revenue         Series A 5.00% 4/1/37  1,000,000    1,066,220 
       (Mayflower Retirement         Idaho State Building Authority       
       Center)         Revenue       
       5.00% 6/1/32   400,000    402,932  (Health & Welfare Project)       
       5.00% 6/1/36   250,000    251,565  Series A 5.00% 9/1/24  110,000    120,502 
       5.125% 6/1/42   750,000    753,990  Metropolitan Pier &       
          Exposition Authority Illinois       
    Oregon State Facilities         Revenue       
Authority Revenue         (McCormick Place       
(Peacehealth Project)         Expansion) 4.00%       
       Series A 5.00% 11/15/29   500,000    562,450  6/15/50  1,375,000    1,312,616 
    Palm Beach County Health         (Mccormick Place       
Facilities Authority, Florida         Expansion) 5.00%       
(Sinai Residences Boca         6/15/50  290,000    309,807 
       Raton Project)         New Jersey Economic       
       Series A 7.25% 6/1/34   20,000    21,341  Development Authority       
       Series A 7.50% 6/1/49   105,000    111,738  Series WW 5.25% 6/15/30  1,000,000    1,106,690 

 

4 NQ- OV9 [6/20] 8/20 (1294509)

 

(Unaudited)

    Principal   Value      Principal   Value 
    Amount°   (US $)      Amount°   (US $) 
Municipal Bonds (continued)         Municipal Bonds (continued)        
Lease Revenue Bonds (continued)         Pre-Refunded/Escrowed to Maturity Bonds (continued)    
    New Jersey Economic             Monroe County, Pennsylvania        
       Development Authority                Hospital Authority Revenue        
(Transit Transportation         (Pocono Medical Center)        
Project) Series A 4.00%                Series A 5.00% 1/1/41-22§   500,000 $  533,985 
       11/1/44   500,000 $  509,270           
    Public Finance Authority,                 2,445,899 
       Wisconsin Airport Facilities         Special Tax Revenue Bonds - 15.82%        
Revenue         Allentown, Pennsylvania        
(AFCO Investors II         Neighborhood        
       Portfolio) 144A 5.75%                Improvement Zone        
       10/1/31 (AMT)# 500,000   518,475         Development Authority        
                 Revenue        
        4,943,580         (City Center Project) 144A        
Local General Obligation Bonds - 1.88%            5.375% 5/1/42 #   175,000   180,919 
    Chicago Board of Education,             Guam Government Business        
       Illinois         Privilege Tax Revenue        
       5.00% 4/1/42   205,000   217,646         Series B-1 5.00% 1/1/42   540,000   551,977 
       5.00% 4/1/46   210,000   221,653      Kansas City, Missouri        
Chicago, Illinois         Redevelopment Authority        
       Series A 5.50% 1/1/34   225,000   241,544         Revenue        
       Series C 5.00% 1/1/38   500,000   529,020  (Convention Centre Hotel        
          Project - TIF Financing)        
        1,209,863  Series B 144A 5.00%        
Pre-Refunded/Escrowed to Maturity Bonds - 3.81%            2/1/40 # 135,000   139,298 
    JEA Electric System Revenue,             Massachusetts Bay        
       Florida         Transportation Authority        
Series A 5.00%                Senior        
       10/1/33-23§ 645,000   741,756  Series A 5.25% 7/1/29   200,000   273,304 
    Louisiana Public Facilities         Mosaic District, Virginia        
Authority Revenue         Community Development        
       (Ochsner Clinic Foundation                Authority Revenue        
Project) 6.50%         Series A 6.875% 3/1/36   520,000   529,766 
       5/15/37-21§   105,000   110,610  New Jersey Economic        
    Metropolitan Transportation                Development Authority        
Authority Revenue,                Revenue        
New York         (Cigarette Tax)        
Series A 5.00%                5.00% 6/15/28   200,000   205,248 
       11/15/41-21§   190,000   202,411         5.00% 6/15/29   800,000   819,240 
       (Unrefunded) Series A             New York State Dormitory        
       5.00% 11/15/41-21§   310,000   330,249         Authority        
Monroe County, New York         Series A 5.00% 3/15/33   1,000,000   1,127,290 
Industrial Development         Northampton County,        
Revenue         Pennsylvania Industrial        
(Nazareth College                Development Authority        
       Rochester Project) 5.50%                Revenue        
       10/1/41-21§   495,000   526,888  (Route 33 Project) 7.00%        
                 7/1/32   205,000   219,934 

 

(continues) NQ- OV9 [6/20] 8/20 (1294509) 5

 

Schedule of investments

Delaware Investments® National Municipal Income Fund (Unaudited)

  Principal    Value    Principal    Value 
  Amount°    (US $)    Amount°    (US $) 
Municipal Bonds (continued)        Municipal Bonds (continued)       
Special Tax Revenue Bonds (continued)      State General Obligation Bonds (continued)     
Port Authority of Allegheny        Illinois State       
County, Pennsylvania        Series A 5.125% 12/1/29  310,000  $  337,633 
Special Revenue        5.50% 5/1/39  500,000    563,470 
Transportation Refunding        (Rebuild Illinois Program)       
5.75% 3/1/29  900,000  $  930,411  Series B 4.00% 11/1/39  1,300,000    1,268,163 
Public Finance Authority,               
Wisconsin Airport Facilities              7,965,650 
Revenue        Transportation Revenue Bonds - 24.02%     
(American Dream @        Alameda Corridor, California       
Meadowlands Project)        Transportation Authority       
144A 7.00% 12/1/50 #  380,000    336,444  (2nd Sub Lien) Series B       
Puerto Rico Sales Tax        5.00% 10/1/37  430,000    482,232 
Financing Revenue        Atlanta, Georgia Department       
(Restructured) Series A-1        of Aviation       
4.75% 7/1/53  3,475,000    3,579,806  Series B 5.00% 1/1/29  1,000,000    1,131,400 
Regional Transportation        California Municipal Finance       
District, Colorado Tax        Authority Mobile Home       
Revenue        Park Revenue       
(Denver Transit Partners)        (LINXS APM Project)       
6.00% 1/15/41  500,000    500,855  Series A 5.00% 12/31/47       
Sales Tax Securitization,        (AMT)  615,000    695,374 
Illinois        Chicago, Illinois O’Hare       
Series A 5.00% 1/1/40  500,000    571,570  International Airport       
Wyandotte County, Kansas        Revenue       
City, Kansas Unified        (General-Senior Lien)       
Government Special        Series D 5.25% 1/1/34  1,000,000    1,082,260 
Obligation Revenue        Harris County, Texas Toll Road       
(Sales Tax - Vacation Village        Authority Revenue       
Project A) Series A 5.75%        (Senior Lien) Series A       
9/1/32  220,000    194,568  4.00% 8/15/48  500,000    567,320 
      10,160,630  Metropolitan Transportation       
        Authority Revenue,       
State General Obligation Bonds - 12.40%      New York       
California State        (Green Bond) Series C-1       
5.25% 11/1/40  320,000    324,624  5.25% 11/15/55  750,000    860,033 
(Various Purposes)        Metropolitan Washington D.C.       
5.00% 4/1/32  270,000    383,546  Airports Authority Dulles       
5.00% 10/1/41  440,000    463,091  Toll Road Revenue       
5.00% 11/1/47  1,000,000    1,233,820  (Dulles Metrorail and       
Commonwealth of Puerto        Capital Improvement       
Rico        Projects) Series B 4.00%       
Series A 8.00% 7/1/35 ‡  1,325,000    798,313  10/1/49  510,000    550,494 
District of Columbia        New Jersey Turnpike Authority       
Series A 5.00% 6/1/37  500,000    618,645  Series A 4.00% 1/1/48  1,000,000    1,083,200 
Illinois State        Series B 5.00% 1/1/40  250,000    298,807 
5.00% 1/1/28  285,000    305,127  New Orleans, Louisiana       
5.00% 5/1/36  90,000    93,227  Aviation Board       
5.00% 11/1/36  1,170,000    1,236,140  Series B 5.00% 1/1/45       
5.00% 2/1/39  160,000    165,390  (AMT)  1,000,000    1,112,690 
Series A 5.00% 4/1/38  170,000    174,461         

 

6 NQ- OV9 [6/20] 8/20 (1294509)

 

(Unaudited)

    Principal    Value    Principal    Value 
    Amount°    (US $)    Amount°    (US $) 
Municipal Bonds (continued)        Municipal Bonds (continued)       
Transportation Revenue Bonds (continued)      Transportation Revenue Bonds (continued)     
New York Liberty          Texas Private Activity Bond       
Development Revenue        Surface Transportation       
(1 World Trade Center Port        Corporate Senior Lien       
Authority Construction)        Revenue         
5.00% 12/15/41    500,000  $  525,155  6.75% 6/30/43 (AMT) 225,000  $  256,041 
   New York Transportation        7.00% 12/31/38 (AMT) 165,000    189,290 
Development          Triborough Bridge & Tunnel       
(La Guardia Airport)        Authority Revenue, New       
Series A 5.25% 1/1/50        York         
(AMT)    700,000    759,360  (MTA Bridges And Tunnels)       
Pennsylvania Turnpike        Series A 5.00% 11/15/49  350,000    439,243 
Commission Subordinate        Virginia Small Business       
Series A-1 5.00% 12/1/43  500,000    552,285  Financing Authority       
Series A-1 5.00% 12/1/47  210,000    244,593  (Transform 66 P3 Project)       
   Port Authority of New York &        5.00% 12/31/56 (AMT) 235,000    259,001 
New Jersey Special Project                15,425,078 
(JFK International Air                 
Terminal) 6.50% 12/1/28  500,000    504,005  Water & Sewer Revenue Bonds - 2.11%       
Salt Lake City, Utah Airport        New York City, New York       
Revenue          Water & Sewer System       
Series B 5.00% 7/1/42  625,000    744,106  Revenue         
South Jersey Port, New Jersey        Series GG-1 4.00%       
(Subordinated Marine        6/15/50    500,000    585,340 
Terminal Revenue)        (Unrefunded Balance)       
Series A 5.00% 1/1/49  85,000    91,570  5.00% 6/15/47    185,000    205,607 
          Philadelphia, Pennsylvania       
Series B 5.00% 1/1/42        Water & Wastewater       
(AMT)    85,000    90,173  Revenue         
Series B 5.00% 1/1/48        Series A 5.00% 7/1/45  500,000    563,350 
(AMT)    195,000    204,965           
   St. Louis, Missouri Airport                1,354,297 
Revenue          Total Municipal Bonds       
(Lambert St. Louis          (cost $88,797,495)        92,356,217 
International) 5.00%                 
7/1/32 (AMT)    1,000,000    1,065,900  Short-Term Investments - 0.78%       
Texas Private Activity Bond                 
Surface Transportation        Variable Rate Demand Notes - 0.78%¤       
Corporate Senior Lien        Mississippi Business Finance       
Revenue          Corporation Gulf         
(Blueridge Transportation        Opportunity Zone Industrial       
Group)          Development Revenue       
5.00% 12/31/40 (AMT)  110,000    115,867  (Chevron USA Project)       
5.00% 12/31/45 (AMT)  110,000    115,018  Series H 0.11% 11/1/35  100,000    100,000 
5.00% 12/31/50 (AMT)  160,000    166,726  Series K 0.11% 11/1/35  400,000    400,000 
(LBJ Infrastructure) 7.50%        Total Short-Term         
6/30/33    665,000    668,950  Investments         
(NTE Mobility Partners        (cost $500,000)        500,000 
Segments 3 LLC Segment                 
3C Project) 5.00%        Total Value of Securities - 144.59%       
6/30/58 (AMT)    500,000    569,020  (cost $89,297,495)        92,856,217 
(NTE Mobility Partners)                 

 

(continues) NQ- OV9 [6/20] 8/20 (1294509) 7

 

Schedule of investments

Delaware Investments® National Municipal Income Fund (Unaudited)

Liquidation Value of        °  Principal amount shown is stated in USD unless noted that the security 
  Preferred          is denominated in another currency. 
  Stock - (46.71%)    (30,000,000) ‡  Non-income producing security. Security is currently in default. 
Receivables and Other        •     Variable rate investment. Rates reset periodically. Rate shown reflects 
  Assets Net of          the rate in effect at June 30, 2020. For securities based on a published 
  Liabilities - 2.12%    1,364,699     reference rate and spread,the reference rate and spread are indicated 
Net Assets Applicable to          intheirdescriptionabove. Thereferenceratedescriptions(i. e. LIBOR03M, 
  4,528,443 Shares          LIBOR06M,etc. ) used in this report are identical for different securities, 
  Outstanding - 100.00%  $ 64,220,916     but the underlying reference rates may differ due to the timing of 
            the reset period. Certain variable rate securities are not based on 
#  Security exempt from registration under Rule 144A of the Securities     a published reference rate and spread but are determined by the 
  Act of 1933, as amended. At June 30, 2020, the aggregate value     issuer or agent and are based on current market conditions, or for 
  of Rule 144A securities was $3,340,718, which represents 5.20%     mortgage-backed securities,are impacted by the individual mortgages 
  of the Fund’s net assets.          which are paying off over time. These securities do not indicate a 
¤  Tax-exempt obligations that contain a floating or variable interest     reference rate and spread in their description above. 
  rate adjustment formula and an unconditional right of demand to      
  receive payment of the unpaid principal balance plus accrued interest   Summary of abbreviations: 
  upon a short notice period (generally up to 30 days) prior to specified   AGM - Insured by Assured Guaranty Municipal Corporation 
  dates either from the issuer or by drawing on a bank letter of credit,   AMT - Subject to Alternative Minimum Tax 
  a guarantee, or insurance issued with respect to such instrument.   ICE - Intercontinental Exchange 
  Each rate shown is as of June 30, 2020.        LIBOR - London Interbank Offered Rate 
§  Pre-refunded bonds. Municipal bonds that are generally backed or   LIBOR03M - ICE LIBOR USD 3 Month 
  secured by US Treasury bonds. For pre-refunded bonds, the stated   LIBOR06M - ICE LIBOR USD 6 Month 
  maturity is followed by the year in which the bond will be   USD - US Dollar 
  pre-refunded.           

 

8 NQ- OV9 [6/20] 8/20 (1294509)