# EDGAR Filing Document

**Accession Number:** 0000809821
**File Stem:** 0000940400-25-005556
**Filing Date:** 2025-10
**Character Count:** 59322
**Document Hash:** 3772e824a9d8e641b5e2c8b6f207528a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-005556.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0000940400-25-005556

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250829

**FILED AS OF DATE**: 20251029

**DATE AS OF CHANGE**: 20251029

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DELAWARE GROUP EQUITY FUNDS V
- **CENTRAL INDEX KEY:** 0000809821

**ORGANIZATION NAME:**
- **EIN:** 232450217
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04997
- **FILM NUMBER:** 251428746

**BUSINESS ADDRESS:**
- **STREET 1:** 100 INDEPENDENCE
- **STREET 2:** 610 MARKET STREET
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19106-2354
- **BUSINESS PHONE:** 18005231918

**MAIL ADDRESS:**
- **STREET 1:** 100 INDEPENDENCE
- **STREET 2:** 610 MARKET STREET
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19106-2354

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DELAWARE GROUP EQUITY FUNDS V INC
- **DATE OF NAME CHANGE:** 19970128

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DELAWARE GROUP VALUE FUND INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DELAWARE GROUP INSIGHT FUND INC
- **DATE OF NAME CHANGE:** 19870621

## Series and Classes Contracts Data

### Macquarie Small Cap Value Fund (Series ID: S000002401)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000006377 | Class A             | DEVLX           |
| C000006379 | Class C             | DEVCX           |
| C000006380 | Class R             | DVLRX           |
| C000006381 | Institutional Class | DEVIX           |
| C000171462 | Class R6            |  |

## Nport-Ex

Schedule of investments

Macquarie Small Cap Value Fund August 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | Number of<br> shares | &nbsp;&nbsp;Value (US $) |
| &nbsp;&nbsp;**Common Stocks — 98.69%♣** | &nbsp;&nbsp;**Common Stocks — 98.69%♣** | &nbsp;&nbsp;**Common Stocks — 98.69%♣** |
| &nbsp;&nbsp;Consumer Discretionary — 9.40% | &nbsp;&nbsp;Consumer Discretionary — 9.40% | &nbsp;&nbsp;Consumer Discretionary — 9.40% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Acushnet Holdings | &nbsp;&nbsp;&nbsp;&nbsp;370797 | &nbsp;&nbsp;$28421590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Boyd Gaming | &nbsp;&nbsp;&nbsp;&nbsp;403874 | &nbsp;&nbsp;&nbsp;&nbsp; 34676622 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Choice Hotels International | &nbsp;&nbsp;&nbsp;&nbsp;155459 | &nbsp;&nbsp;&nbsp;&nbsp; 18589787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Columbia Sportswear | &nbsp;&nbsp;&nbsp;&nbsp;245743 | &nbsp;&nbsp;&nbsp;&nbsp; 13692800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Crocs † | &nbsp;&nbsp;&nbsp;&nbsp;107677 | &nbsp;&nbsp;&nbsp;&nbsp; 9389434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Group 1 Automotive | &nbsp;&nbsp;&nbsp;&nbsp;114021 | &nbsp;&nbsp;&nbsp;&nbsp; 52994680 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KB Home | &nbsp;&nbsp;&nbsp;&nbsp;568771 | &nbsp;&nbsp;&nbsp;&nbsp; 36145397 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;M/I Homes † | &nbsp;&nbsp;&nbsp;&nbsp;216138 | &nbsp;&nbsp;&nbsp;&nbsp; 31828482 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Meritage Homes | &nbsp;&nbsp;&nbsp;&nbsp;542505 | &nbsp;&nbsp;&nbsp;&nbsp; 42147214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Patrick Industries | &nbsp;&nbsp;&nbsp;&nbsp;282538 | &nbsp;&nbsp;&nbsp;&nbsp; 31601875 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Steven Madden | &nbsp;&nbsp;&nbsp;&nbsp;917242 | &nbsp;&nbsp;&nbsp;&nbsp; 26636708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Texas Roadhouse | &nbsp;&nbsp;&nbsp;&nbsp;128793 | &nbsp;&nbsp;&nbsp;&nbsp; 22223232 |
|  |  | &nbsp;&nbsp;&nbsp; 348347821 |
| &nbsp;&nbsp;Consumer Staples — 1.65% | &nbsp;&nbsp;Consumer Staples — 1.65% | &nbsp;&nbsp;Consumer Staples — 1.65% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;J & J Snack Foods | &nbsp;&nbsp;&nbsp;&nbsp;217793 | &nbsp;&nbsp;&nbsp;&nbsp; 24299165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Performance Food Group † | &nbsp;&nbsp;&nbsp;&nbsp;362302 | &nbsp;&nbsp;&nbsp;&nbsp; 36737423 |
|  |  | &nbsp;&nbsp;&nbsp; 61036588 |
| &nbsp;&nbsp;Energy — 6.19% | &nbsp;&nbsp;Energy — 6.19% | &nbsp;&nbsp;Energy — 6.19% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gulfport Energy † | &nbsp;&nbsp;&nbsp;&nbsp;213645 | &nbsp;&nbsp;&nbsp;&nbsp; 37180639 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International Seaways | &nbsp;&nbsp;&nbsp;&nbsp;627492 | &nbsp;&nbsp;&nbsp;&nbsp; 28500687 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kinetik Holdings | &nbsp;&nbsp;&nbsp;&nbsp;825155 | &nbsp;&nbsp;&nbsp;&nbsp; 34516234 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kodiak Gas Services | &nbsp;&nbsp;&nbsp;&nbsp;970419 | &nbsp;&nbsp;&nbsp;&nbsp; 34731296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liberty Energy | 1002918 | &nbsp;&nbsp;&nbsp;&nbsp; 11282828 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Magnolia Oil & Gas Class A | 1332090 | &nbsp;&nbsp;&nbsp;&nbsp; 33142399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Matador Resources | &nbsp;&nbsp;&nbsp;&nbsp;668048 | &nbsp;&nbsp;&nbsp;&nbsp; 33642897 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Noble | &nbsp;&nbsp;&nbsp;&nbsp;559155 | &nbsp;&nbsp;&nbsp;&nbsp; 16114847 |
|  |  | &nbsp;&nbsp;&nbsp; 229111827 |
| &nbsp;&nbsp;Financials — 29.80% | &nbsp;&nbsp;Financials — 29.80% | &nbsp;&nbsp;Financials — 29.80% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amalgamated Financial | &nbsp;&nbsp;&nbsp;&nbsp;584754 | &nbsp;&nbsp;&nbsp;&nbsp; 16893543 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assurant | &nbsp;&nbsp;&nbsp;&nbsp;192499 | &nbsp;&nbsp;&nbsp;&nbsp; 41504709 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Axis Capital Holdings | &nbsp;&nbsp;&nbsp;&nbsp;694982 | &nbsp;&nbsp;&nbsp;&nbsp; 68511325 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of NT Butterfield & Son | &nbsp;&nbsp;&nbsp;&nbsp;862239 | &nbsp;&nbsp;&nbsp;&nbsp; 38904224 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bread Financial Holdings | &nbsp;&nbsp;&nbsp;&nbsp;501058 | &nbsp;&nbsp;&nbsp;&nbsp; 33165029 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cadence Bank | 1072234 | &nbsp;&nbsp;&nbsp;&nbsp; 40358888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Columbia Banking System | 2252801 | &nbsp;&nbsp;&nbsp;&nbsp; 60307483 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;East West Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;476504 | &nbsp;&nbsp;&nbsp;&nbsp; 50099631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Essent Group | &nbsp;&nbsp;&nbsp;&nbsp;769622 | &nbsp;&nbsp;&nbsp;&nbsp; 48286084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Financial Bancorp | 1723807 | &nbsp;&nbsp;&nbsp;&nbsp; 45646409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNB | 4222260 | &nbsp;&nbsp;&nbsp;&nbsp; 70469519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hancock Whitney | 1152717 | &nbsp;&nbsp;&nbsp;&nbsp; 72528954 |

---

NQ- 021 [0825] 1025 (4881848) 1

------

Schedule of investments

Macquarie Small Cap Value Fund

---

| | | |
|:---|:---|:---|
|  | Number of<br> shares | &nbsp;&nbsp;Value (US $) |
| &nbsp;&nbsp;**Common Stocks♣ (continued)** | &nbsp;&nbsp;**Common Stocks♣ (continued)** | &nbsp;&nbsp;**Common Stocks♣ (continued)** |
| &nbsp;&nbsp;Financials (continued) | &nbsp;&nbsp;Financials (continued) | &nbsp;&nbsp;Financials (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hanover Insurance Group | &nbsp;&nbsp;&nbsp;&nbsp;286033 | &nbsp;&nbsp;$49621005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hope Bancorp | 3074856 | &nbsp;&nbsp;&nbsp;&nbsp; 34223147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Merchants Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;607933 | &nbsp;&nbsp;&nbsp;&nbsp; 19709188 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Old National Bancorp | 2650430 | &nbsp;&nbsp;&nbsp;&nbsp; 60668343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;P10 Class A | 1847903 | &nbsp;&nbsp;&nbsp;&nbsp; 22803123 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Selective Insurance Group | &nbsp;&nbsp;&nbsp;&nbsp;313729 | &nbsp;&nbsp;&nbsp;&nbsp; 24543020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stewart Information Services | &nbsp;&nbsp;&nbsp;&nbsp;313234 | &nbsp;&nbsp;&nbsp;&nbsp; 22815965 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stifel Financial | &nbsp;&nbsp;&nbsp;&nbsp;542951 | &nbsp;&nbsp;&nbsp;&nbsp; 62596821 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Synovus Financial | 1037373 | &nbsp;&nbsp;&nbsp;&nbsp; 53538820 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Valley National Bancorp | 5978915 | &nbsp;&nbsp;&nbsp;&nbsp; 62539451 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Voya Financial | &nbsp;&nbsp;&nbsp;&nbsp;399991 | &nbsp;&nbsp;&nbsp;&nbsp; 30035324 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Webster Financial | 1194601 | &nbsp;&nbsp;&nbsp;&nbsp; 74328074 |
|  |  | &nbsp;&nbsp;&nbsp;1104098079 |
| &nbsp;&nbsp;Healthcare — 2.78% | &nbsp;&nbsp;Healthcare — 2.78% | &nbsp;&nbsp;Healthcare — 2.78% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ICU Medical † | &nbsp;&nbsp;&nbsp;&nbsp;174291 | &nbsp;&nbsp;&nbsp;&nbsp; 22249989 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Integer Holdings † | &nbsp;&nbsp;&nbsp;&nbsp;321960 | &nbsp;&nbsp;&nbsp;&nbsp; 34729825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Merit Medical Systems † | &nbsp;&nbsp;&nbsp;&nbsp;245298 | &nbsp;&nbsp;&nbsp;&nbsp; 22209281 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prestige Consumer Healthcare † | &nbsp;&nbsp;&nbsp;&nbsp;350852 | &nbsp;&nbsp;&nbsp;&nbsp; 23871970 |
|  |  | &nbsp;&nbsp;&nbsp; 103061065 |
| &nbsp;&nbsp;Industrials — 19.98% | &nbsp;&nbsp;Industrials — 19.98% | &nbsp;&nbsp;Industrials — 19.98% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CACI International Class A † | &nbsp;&nbsp;&nbsp;&nbsp;112499 | &nbsp;&nbsp;&nbsp;&nbsp; 53968020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Centuri Holdings † | 1246279 | &nbsp;&nbsp;&nbsp;&nbsp; 26470966 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Everus Construction Group † | &nbsp;&nbsp;&nbsp;&nbsp;261545 | &nbsp;&nbsp;&nbsp;&nbsp; 20515590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gates Industrial † | 1400447 | &nbsp;&nbsp;&nbsp;&nbsp; 35795425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Griffon | &nbsp;&nbsp;&nbsp;&nbsp;513746 | &nbsp;&nbsp;&nbsp;&nbsp; 39126895 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Herc Holdings | &nbsp;&nbsp;&nbsp;&nbsp;268372 | &nbsp;&nbsp;&nbsp;&nbsp; 35100374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Huron Consulting Group † | &nbsp;&nbsp;&nbsp;&nbsp;190856 | &nbsp;&nbsp;&nbsp;&nbsp; 26139638 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ITT | &nbsp;&nbsp;&nbsp;&nbsp;387696 | &nbsp;&nbsp;&nbsp;&nbsp; 66005244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KBR | &nbsp;&nbsp;&nbsp;&nbsp;714736 | &nbsp;&nbsp;&nbsp;&nbsp; 36065579 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kirby † | &nbsp;&nbsp;&nbsp;&nbsp;310563 | &nbsp;&nbsp;&nbsp;&nbsp; 30186724 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Leonardo DRS | &nbsp;&nbsp;&nbsp;&nbsp;581179 | &nbsp;&nbsp;&nbsp;&nbsp; 24211917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MasTec † | &nbsp;&nbsp;&nbsp;&nbsp;335522 | &nbsp;&nbsp;&nbsp;&nbsp; 60960992 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NEXTracker Class A † | &nbsp;&nbsp;&nbsp;&nbsp;532795 | &nbsp;&nbsp;&nbsp;&nbsp; 35835792 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Regal Rexnord | &nbsp;&nbsp;&nbsp;&nbsp;219957 | &nbsp;&nbsp;&nbsp;&nbsp; 32846179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Saia † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43853 | &nbsp;&nbsp;&nbsp;&nbsp; 13000660 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terex | &nbsp;&nbsp;&nbsp;&nbsp;899115 | &nbsp;&nbsp;&nbsp;&nbsp; 44901803 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Timken | &nbsp;&nbsp;&nbsp;&nbsp;507647 | &nbsp;&nbsp;&nbsp;&nbsp; 39205578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UniFirst | &nbsp;&nbsp;&nbsp;&nbsp;138327 | &nbsp;&nbsp;&nbsp;&nbsp; 24597307 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Werner Enterprises | 1072563 | &nbsp;&nbsp;&nbsp;&nbsp; 30943442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WESCO International | &nbsp;&nbsp;&nbsp;&nbsp;155014 | &nbsp;&nbsp;&nbsp;&nbsp; 34078278 |

---

2 NQ- 021 [0825] 1025 (4881848)

------

---

| | | |
|:---|:---|:---|
|  | Number of<br> shares | &nbsp;&nbsp;Value (US $) |
| &nbsp;&nbsp;**Common Stocks♣ (continued)** | &nbsp;&nbsp;**Common Stocks♣ (continued)** | &nbsp;&nbsp;**Common Stocks♣ (continued)** |
| &nbsp;&nbsp;Industrials (continued) | &nbsp;&nbsp;Industrials (continued) | &nbsp;&nbsp;Industrials (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zurn Elkay Water Solutions | &nbsp;&nbsp;&nbsp;&nbsp;666456 | &nbsp;&nbsp;$30230444 |
|  |  | &nbsp;&nbsp;&nbsp; 740186847 |
| &nbsp;&nbsp;Information Technology — 8.37% | &nbsp;&nbsp;Information Technology — 8.37% | &nbsp;&nbsp;Information Technology — 8.37% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ACI Worldwide † | &nbsp;&nbsp;&nbsp;&nbsp;707937 | &nbsp;&nbsp;&nbsp;&nbsp; 34936691 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allegro MicroSystems † | 1364677 | &nbsp;&nbsp;&nbsp;&nbsp; 42100285 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Belden | &nbsp;&nbsp;&nbsp;&nbsp;346944 | &nbsp;&nbsp;&nbsp;&nbsp; 45172109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diodes † | &nbsp;&nbsp;&nbsp;&nbsp;524431 | &nbsp;&nbsp;&nbsp;&nbsp; 28547402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Flex † | &nbsp;&nbsp;&nbsp;&nbsp;340384 | &nbsp;&nbsp;&nbsp;&nbsp; 18251390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N-able † | 2333014 | &nbsp;&nbsp;&nbsp;&nbsp; 18804093 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RingCentral Class A † | &nbsp;&nbsp;&nbsp;&nbsp;968906 | &nbsp;&nbsp;&nbsp;&nbsp; 29561322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TD SYNNEX | &nbsp;&nbsp;&nbsp;&nbsp;287947 | &nbsp;&nbsp;&nbsp;&nbsp; 42636312 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TTM Technologies † | 1123885 | &nbsp;&nbsp;&nbsp;&nbsp; 50091555 |
|  |  | &nbsp;&nbsp;&nbsp; 310101159 |
| &nbsp;&nbsp;Materials — 5.90% | &nbsp;&nbsp;Materials — 5.90% | &nbsp;&nbsp;Materials — 5.90% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ashland | &nbsp;&nbsp;&nbsp;&nbsp;339856 | &nbsp;&nbsp;&nbsp;&nbsp; 19082914 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Avient | &nbsp;&nbsp;&nbsp;&nbsp;867359 | &nbsp;&nbsp;&nbsp;&nbsp; 32439227 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Constellium † | 1383064 | &nbsp;&nbsp;&nbsp;&nbsp; 20040597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HB Fuller | &nbsp;&nbsp;&nbsp;&nbsp;446300 | &nbsp;&nbsp;&nbsp;&nbsp; 27246615 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Huntsman | 1012801 | &nbsp;&nbsp;&nbsp;&nbsp; 11302859 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Knife River † | &nbsp;&nbsp;&nbsp;&nbsp;275616 | &nbsp;&nbsp;&nbsp;&nbsp; 22324896 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Louisiana-Pacific | &nbsp;&nbsp;&nbsp;&nbsp;461570 | &nbsp;&nbsp;&nbsp;&nbsp; 43899923 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ryerson Holding | &nbsp;&nbsp;&nbsp;&nbsp;639066 | &nbsp;&nbsp;&nbsp;&nbsp; 14570705 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Silgan Holdings | &nbsp;&nbsp;&nbsp;&nbsp;592266 | &nbsp;&nbsp;&nbsp;&nbsp; 27789121 |
|  |  | &nbsp;&nbsp;&nbsp; 218696857 |
| &nbsp;&nbsp;Real Estate — 9.36% | &nbsp;&nbsp;Real Estate — 9.36% | &nbsp;&nbsp;Real Estate — 9.36% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agree Realty | &nbsp;&nbsp;&nbsp;&nbsp;632255 | &nbsp;&nbsp;&nbsp;&nbsp; 45990229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Apple Hospitality REIT | 2886105 | &nbsp;&nbsp;&nbsp;&nbsp; 37692531 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Centerspace | &nbsp;&nbsp;&nbsp;&nbsp;421236 | &nbsp;&nbsp;&nbsp;&nbsp; 25063542 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Independence Realty Trust | 2497181 | &nbsp;&nbsp;&nbsp;&nbsp; 45223948 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kite Realty Group Trust | 1853506 | &nbsp;&nbsp;&nbsp;&nbsp; 42297007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LXP Industrial Trust | 4974034 | &nbsp;&nbsp;&nbsp;&nbsp; 45164229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;National Health Investors | &nbsp;&nbsp;&nbsp;&nbsp;631454 | &nbsp;&nbsp;&nbsp;&nbsp; 49436533 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Newmark Group Class A | 1769957 | &nbsp;&nbsp;&nbsp;&nbsp; 32230917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Plymouth Industrial REIT | 1068895 | &nbsp;&nbsp;&nbsp;&nbsp; 23515690 |
|  |  | &nbsp;&nbsp;&nbsp; 346614626 |
| &nbsp;&nbsp;Utilities — 5.26% | &nbsp;&nbsp;Utilities — 5.26% | &nbsp;&nbsp;Utilities — 5.26% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Black Hills | &nbsp;&nbsp;&nbsp;&nbsp;569875 | &nbsp;&nbsp;&nbsp;&nbsp; 34084224 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MDU Resources Group | 2102887 | &nbsp;&nbsp;&nbsp;&nbsp; 34256029 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New Jersey Resources | &nbsp;&nbsp;&nbsp;&nbsp;546334 | &nbsp;&nbsp;&nbsp;&nbsp; 25836135 |

---

NQ- 021 [0825] 1025 (4881848) 3

------

Schedule of investments

Macquarie Small Cap Value Fund

---

| | | |
|:---|:---|:---|
|  | Number of<br> shares | &nbsp;&nbsp;Value (US $) |
| &nbsp;&nbsp;**Common Stocks♣ (continued)** | &nbsp;&nbsp;**Common Stocks♣ (continued)** | &nbsp;&nbsp;**Common Stocks♣ (continued)** |
| &nbsp;&nbsp;Utilities (continued) | &nbsp;&nbsp;Utilities (continued) | &nbsp;&nbsp;Utilities (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OGE Energy | 1167459 | &nbsp;&nbsp;$52138719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Southwest Gas Holdings | &nbsp;&nbsp;&nbsp;&nbsp;608215 | &nbsp;&nbsp;&nbsp;&nbsp; 48584214 |
|  |  | &nbsp;&nbsp;&nbsp; 194899321 |
| &nbsp;&nbsp;&nbsp;**Total Common Stocks (cost $2,483,821,260)** | &nbsp;&nbsp;&nbsp;**Total Common Stocks (cost $2,483,821,260)** | &nbsp;&nbsp;&nbsp;**3656154190** |
| &nbsp;&nbsp;**Short-Term Investments — 1.21%** | &nbsp;&nbsp;**Short-Term Investments — 1.21%** | &nbsp;&nbsp;**Short-Term Investments — 1.21%** |
| &nbsp;&nbsp;Money Market Mutual Funds — 1.21% | &nbsp;&nbsp;Money Market Mutual Funds — 1.21% | &nbsp;&nbsp;Money Market Mutual Funds — 1.21% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.18%) | 11235513 | &nbsp;&nbsp;&nbsp;&nbsp; 11235513 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.21%) | 11235512 | &nbsp;&nbsp;&nbsp;&nbsp; 11235512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 4.26%) | 11235511 | &nbsp;&nbsp;&nbsp;&nbsp; 11235511 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 4.19%) | 11235511 | &nbsp;&nbsp;&nbsp;&nbsp; 11235511 |
| &nbsp;&nbsp;&nbsp;**Total Short-Term Investments (cost $44,942,047)** | &nbsp;&nbsp;&nbsp;**Total Short-Term Investments (cost $44,942,047)** | &nbsp;&nbsp;&nbsp; **44942047** |
| &nbsp;&nbsp;&nbsp;**Total Value of Securities—99.90%<br> (cost $2,528,763,307)** |  | &nbsp;&nbsp;&nbsp;&nbsp;**3701096237** |
| &nbsp;&nbsp;&nbsp;**Receivables and Other Assets Net of Liabilities—0.10%** |  | &nbsp;&nbsp;&nbsp;&nbsp; **3761213** |
| &nbsp;&nbsp;&nbsp;**Net Assets Applicable to 51,076,261 Shares Outstanding—100.00%** |  | &nbsp;&nbsp;**$3704857450** |

---

♣ Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes. <br> † Non-income producing security.

---

| |
|:---|
| **Summary of abbreviations:** |
| REIT – Real Estate Investment Trust |

---

4 NQ- 021 [0825] 1025 (4881848)

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Delaware Group Equity Funds V

- **b. Investment Company Act file number:** 811-04997

- **c. CIK number of Registrant:** 0000809821

- **d. LEI of Registrant:** 549300SML5SX1R0LT030

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 100 Independence

  - **City:** Philadelphia

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19106

  - **Telephone number:** 800-523-1918

**Item A.2. Information about the Series.**

- **a. Name of Series:** Macquarie Small Cap Value Fund

- **b. EDGAR series identifier (if any):** S000002401

- **c. LEI of Series:** 549300N1KYNTWG26W963

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-08-29

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $3713495079.33

**Total Liabilities:** $5188083.56

**Net Assets:** $3708306995.77

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000006377 | 3.72%                | 0.69%                | 5.20%                |
| Class ID C000006379 | 3.64%                | 0.64%                | 5.13%                |
| Class ID C000006380 | 3.69%                | 0.67%                | 5.18%                |
| Class ID C000006381 | 3.73%                | 0.72%                | 5.21%                |
| Class ID C000171462 | 3.76%                | 0.72%                | 5.24%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $35263350.13             | $102454054.15                              |
| Month 2  | $233118050.92            | $-191395831.60                             |
| Month 3  | $34693896.64             | $145811694.10                              |

### Schedule of Portfolio Investments

| Name                                           | Title                                          | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Louisiana-Pacific Corp                         | Louisiana-Pacific Corp                         | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |    461570 | NS      | $43899922.70  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Selective Insurance Group Inc                  | Selective Insurance Group Inc                  | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |    313729 | NS      | $24543019.67  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinetik Holdings Inc                           | Kinetik Holdings Inc                           | CUSIP: 02215L209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    825155 | NS      | $34516233.65  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Werner Enterprises Inc                         | Werner Enterprises Inc                         | CUSIP: 950755108<br>LEI: 549300P6XRGOCHHJST37 | Long             | EC               | CORP              | US        |   1072563 | NS      | $30943442.55  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial Inc                             | Voya Financial Inc                             | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |    399991 | NS      | $30035324.19  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                                     | Kirby Corp                                     | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |    310563 | NS      | $30186723.60  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Hospitality REIT Inc                     | Apple Hospitality REIT Inc                     | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               | CORP              | US        |   2886105 | NS      | $37692531.30  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Gaming Corp                               | Boyd Gaming Corp                               | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |    403874 | NS      | $34676621.64  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Merit Medical Systems Inc                      | Merit Medical Systems Inc                      | CUSIP: 589889104<br>LEI: 549300OYTY138SP2CE83 | Long             | EC               | CORP              | US        |    245298 | NS      | $22209280.92  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Webster Financial Corp                         | Webster Financial Corp                         | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |   1194601 | NS      | $74328074.22  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd                      | Axis Capital Holdings Ltd                      | CUSIP: 000000000<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EC               | CORP              | BM        |    694982 | NS      | $68511325.56  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Valley National Bancorp                        | Valley National Bancorp                        | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               | CORP              | US        |   5978915 | NS      | $62539450.90  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Choice Hotels International In                 | Choice Hotels International Inc                | CUSIP: 169905106<br>LEI: 5493003CYRY5RFGTIR97 | Long             | EC               | CORP              | US        |    155459 | NS      | $18589787.22  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Hope Bancorp Inc                               | Hope Bancorp Inc                               | CUSIP: 43940T109<br>LEI: 549300UTF4QGMBHIZ219 | Long             | EC               | CORP              | US        |   3074856 | NS      | $34223147.28  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| TTM Technologies Inc                           | TTM Technologies Inc                           | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |   1123885 | NS      | $50091554.45  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Centuri Holdings Inc                           | Centuri Holdings Inc                           | CUSIP: 155923105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1246279 | NS      | $26470965.96  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Everus Construction Group Inc                  | Everus Construction Group Inc                  | CUSIP: 300426103<br>LEI: 2549006JMMHR0KILT425 | Long             | EC               | CORP              | US        |    261545 | NS      | $20515589.80  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Griffon Corp                                   | Griffon Corp                                   | CUSIP: 398433102<br>LEI: 5493000C2SGNC7ZN3242 | Long             | EC               | CORP              | US        |    513746 | NS      | $39126895.36  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ACI Worldwide Inc                              | ACI Worldwide Inc                              | CUSIP: 004498101<br>LEI: 5493003BPVMZUJ6F5C02 | Long             | EC               | CORP              | US        |    707937 | NS      | $34936690.95  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| RingCentral Inc                                | RingCentral Inc                                | CUSIP: 76680R206<br>LEI: 549300C8EH0H1614VE84 | Long             | EC               | CORP              | US        |    968906 | NS      | $29561322.06  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTracker Inc                                 | NEXTracker Inc                                 | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    532795 | NS      | $35835791.70  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| J & J Snack Foods Corp                         | J & J Snack Foods Corp                         | CUSIP: 466032109<br>LEI: 894500IGP1Y2ZQFQMJ83 | Long             | EC               | CORP              | US        |    217793 | NS      | $24299165.01  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| National Health Investors Inc                  | National Health Investors Inc                  | CUSIP: 63633D104<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | EC               | CORP              | US        |    631454 | NS      | $49436533.66  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Old National Bancorp/IN                        | Old National Bancorp/IN                        | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |   2650430 | NS      | $60668342.70  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Belden Inc                                     | Belden Inc                                     | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |    346944 | NS      | $45172108.80  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU Resources Group Inc                        | MDU Resources Group Inc                        | CUSIP: 552690109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2102887 | NS      | $34256029.23  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Avient Corp                                    | Avient Corp                                    | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |    867359 | NS      | $32439226.60  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Centerspace                                    | Centerspace                                    | CUSIP: 15202L107<br>LEI: 5493002LG2SH9EEHT720 | Long             | EC               | CORP              | US        |    421236 | NS      | $25063542.00  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc                         | CACI International Inc                         | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |    112499 | NS      | $53968020.28  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Terex Corp                                     | Terex Corp                                     | CUSIP: 880779103<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | EC               | CORP              | US        |    899115 | NS      | $44901803.10  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| International Seaways Inc                      | International Seaways Inc                      | CUSIP: 000000000<br>LEI: 549300YUFDGFRNGBWF46 | Long             | EC               | CORP              | US        |    627492 | NS      | $28500686.64  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| WESCO International Inc                        | WESCO International Inc                        | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |    155014 | NS      | $34078277.76  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Essent Group Ltd                               | Essent Group Ltd                               | CUSIP: 000000000<br>LEI: 254900QUO860OUT6ZF83 | Long             | EC               | CORP              | US        |    769622 | NS      | $48286084.28  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corp                                | OGE Energy Corp                                | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |   1167459 | NS      | $52138718.94  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp Inc                          | East West Bancorp Inc                          | CUSIP: 27579R104<br>LEI: 254900O4X656YXFOYB11 | Long             | EC               | CORP              | US        |    476504 | NS      | $50099630.56  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP Industrial Trust                           | LXP Industrial Trust                           | CUSIP: 529043101<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               | CORP              | US        |   4974034 | NS      | $45164228.72  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| N-able Inc/US                                  | N-able Inc/US                                  | CUSIP: 62878D100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2333014 | NS      | $18804092.84  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Banking System Inc                    | Columbia Banking System Inc                    | CUSIP: 197236102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2252801 | NS      | $60307482.77  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Leonardo DRS Inc                               | Leonardo DRS Inc                               | CUSIP: 52661A108<br>LEI: 549300HMMEWVG3PPQU18 | Long             | EC               | CORP              | US        |    581179 | NS      | $24211917.14  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurn Elkay Water Solutions Cor                 | Zurn Elkay Water Solutions Corp                | CUSIP: 98983L108<br>LEI: 549300AM3633XDFU1Q85 | Long             | EC               | CORP              | US        |    666456 | NS      | $30230444.16  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| MasTec Inc                                     | MasTec Inc                                     | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |    335522 | NS      | $60960992.18  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Bank                                   | Cadence Bank                                   | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EC               | CORP              | US        |   1072234 | NS      | $40358887.76  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of NT Butterfield & Son L                 | Bank of NT Butterfield & Son Ltd/The           | CUSIP: 000000000<br>LEI: 549300V8RVM0EMTDPF28 | Long             | EC               | CORP              | BM        |    862239 | NS      | $38904223.68  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Acushnet Holdings Corp                         | Acushnet Holdings Corp                         | CUSIP: 005098108<br>LEI: 529900W5FI106H543E43 | Long             | EC               | CORP              | US        |    370797 | NS      | $28421590.05  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Performance Food Group Co                      | Performance Food Group Co                      | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |    362302 | NS      | $36737422.80  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegro MicroSystems Inc                       | Allegro MicroSystems Inc                       | CUSIP: 01749D105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1364677 | NS      | $42100285.45  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Government Portfolio                  | Fidelity Government Portfolio                  | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |  11235512 | NS      | $11235512.34  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive Inc                         | Group 1 Automotive Inc                         | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |    114021 | NS      | $52994680.38  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust                        | Kite Realty Group Trust                        | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1853506 | NS      | $42297006.92  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Noble Corp PLC                                 | Noble Corp PLC                                 | CUSIP: 000000000<br>LEI: 549300I3HBUNXO0OG954 | Long             | EC               | CORP              | US        |    559155 | NS      | $16114847.10  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashland Inc                                    | Ashland Inc                                    | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |    339856 | NS      | $19082914.40  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Sportswear Co                         | Columbia Sportswear Co                         | CUSIP: 198516106<br>LEI: 549300OTMCIEUXAH5Z60 | Long             | EC               | CORP              | US        |    245743 | NS      | $13692799.96  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Crocs Inc                                      | Crocs Inc                                      | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               | CORP              | US        |    107677 | NS      | $9389434.40   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Patrick Industries Inc                         | Patrick Industries Inc                         | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |    282538 | NS      | $31601875.30  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| UniFirst Corp/MA                               | UniFirst Corp/MA                               | CUSIP: 904708104<br>LEI: 5493003XBTNWBC8UK019 | Long             | EC               | CORP              | US        |    138327 | NS      | $24597307.14  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bancorp                        | First Financial Bancorp                        | CUSIP: 320209109<br>LEI: 549300D3F5B3EZMY7P77 | Long             | EC               | CORP              | US        |   1723807 | NS      | $45646409.36  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Bread Financial Holdings Inc                   | Bread Financial Holdings Inc                   | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |    501058 | NS      | $33165029.02  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| FNB Corp/PA                                    | FNB Corp/PA                                    | CUSIP: 302520101<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | EC               | CORP              | US        |   4222260 | NS      | $70469519.40  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Gas Holdings Inc                     | Southwest Gas Holdings Inc                     | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |    608215 | NS      | $48584214.20  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Merchants Bancorp/IN                           | Merchants Bancorp/IN                           | CUSIP: 58844R108<br>LEI: 54930008Y0GPVLF81889 | Long             | EC               | CORP              | US        |    607933 | NS      | $19709187.86  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| ICU Medical Inc                                | ICU Medical Inc                                | CUSIP: 44930G107<br>LEI: 5493003NRW7LS2QZRH60 | Long             | EC               | CORP              | US        |    174291 | NS      | $22249989.06  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Huron Consulting Group Inc                     | Huron Consulting Group Inc                     | CUSIP: 447462102<br>LEI: 549300NGVB9H6TKTLE36 | Long             | EC               | CORP              | US        |    190856 | NS      | $26139637.76  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| P10 Inc                                        | P10 Inc                                        | CUSIP: 69376K106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1847903 | NS      | $22803123.02  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmark Group Inc                              | Newmark Group Inc                              | CUSIP: 65158N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1769957 | NS      | $32230916.97  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Stewart Information Services C                 | Stewart Information Services Corp              | CUSIP: 860372101<br>LEI: 529900TV1XI0PLKENU10 | Long             | EC               | CORP              | US        |    313234 | NS      | $22815964.56  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryerson Holding Corp                           | Ryerson Holding Corp                           | CUSIP: 783754104<br>LEI: 549300JMA41B3ZHOVE45 | Long             | EC               | CORP              | US        |    639066 | NS      | $14570704.80  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy Inc                             | Liberty Energy Inc                             | CUSIP: 53115L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1002918 | NS      | $11282827.50  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| New Jersey Resources Corp                      | New Jersey Resources Corp                      | CUSIP: 646025106<br>LEI: 549300QKBSQBIX4DQ583 | Long             | EC               | CORP              | US        |    546334 | NS      | $25836134.86  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Herc Holdings Inc                              | Herc Holdings Inc                              | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |    268372 | NS      | $35100373.88  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR Inc                                        | KBR Inc                                        | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |    714736 | NS      | $36065578.56  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp PLC                      | Gates Industrial Corp PLC                      | CUSIP: 000000000<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | US        |   1400447 | NS      | $35795425.32  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Diodes Inc                                     | Diodes Inc                                     | CUSIP: 254543101<br>LEI: 549300XP2X1ARVH3BX23 | Long             | EC               | CORP              | US        |    524431 | NS      | $28547401.49  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp                            | Meritage Homes Corp                            | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |    542505 | NS      | $42147213.45  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Plymouth Industrial REIT Inc                   | Plymouth Industrial REIT Inc                   | CUSIP: 729640102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1068895 | NS      | $23515690.00  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Flex Ltd                                       | Flex Ltd                                       | CUSIP: 000000000<br>LEI: 549300EAQH74YHD07T53 | Long             | EC               | CORP              | US        |    470084 | NS      | $25205904.08  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Gulfport Energy Corp                           | Gulfport Energy Corp                           | CUSIP: 402635502<br>LEI: 254900DJRGZBUZ3F5038 | Long             | EC               | CORP              | US        |    213645 | NS      | $37180639.35  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corp                             | Regal Rexnord Corp                             | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |    219957 | NS      | $32846178.81  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Realty Trust Inc                  | Independence Realty Trust Inc                  | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               | CORP              | US        |   2497181 | NS      | $45223947.91  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| HB Fuller Co                                   | HB Fuller Co                                   | CUSIP: 359694106<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | EC               | CORP              | US        |    446300 | NS      | $27246615.00  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Home                                        | KB Home                                        | CUSIP: 48666K109<br>LEI: 549300LGUCWQURMWLG09 | Long             | EC               | CORP              | US        |    568771 | NS      | $36145397.05  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co                           | Matador Resources Co                           | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |    668048 | NS      | $33642897.28  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Insurance Group Inc/Th                 | Hanover Insurance Group Inc/The                | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |    286033 | NS      | $49621004.84  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Synovus Financial Corp                         | Synovus Financial Corp                         | CUSIP: 87161C501<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EC               | CORP              | US        |   1037373 | NS      | $53538820.53  | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Integer Holdings Corp                          | Integer Holdings Corp                          | CUSIP: 45826H109<br>LEI: 549300SUD2ED5XG6X569 | Long             | EC               | CORP              | US        |    321960 | NS      | $34729825.20  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Prestige Consumer Healthcare I                 | Prestige Consumer Healthcare Inc               | CUSIP: 74112D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    350852 | NS      | $23871970.08  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                            | Texas Roadhouse Inc                            | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |    128793 | NS      | $22223232.15  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnolia Oil & Gas Corp                        | Magnolia Oil & Gas Corp                        | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1332090 | NS      | $33142399.20  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Steven Madden Ltd                              | Steven Madden Ltd                              | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |    917242 | NS      | $26636707.68  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corp                               | Black Hills Corp                               | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |    569875 | NS      | $34084223.75  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Silgan Holdings Inc                            | Silgan Holdings Inc                            | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Long             | EC               | CORP              | US        |    592266 | NS      | $27789120.72  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Financial Square Government Fund | Goldman Sachs Financial Square Government Fund | CUSIP: 38141W273<br>LEI: 549300BRJMXN4GUWZ402 | Long             | STIV             | RF                | US        |  11235511 | NS      | $11235511.30  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT Inc                                        | ITT Inc                                        | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |    387696 | NS      | $66005244.00  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| M/I Homes Inc                                  | M/I Homes Inc                                  | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |    216138 | NS      | $31828481.88  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntsman Corp                                  | Huntsman Corp                                  | CUSIP: 447011107<br>LEI: 5299000V56320A7RIQ67 | Long             | EC               | CORP              | US        |   1012801 | NS      | $11302859.16  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Amalgamated Financial Corp                     | Amalgamated Financial Corp                     | CUSIP: 022671101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    584754 | NS      | $16893543.06  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                     | MSILF Government Portfolio                     | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |  11235511 | NS      | $11235510.95  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Timken Co/The                                  | Timken Co/The                                  | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |    507647 | NS      | $39205577.81  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp                              | Agree Realty Corp                              | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    632255 | NS      | $45990228.70  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Saia Inc                                       | Saia Inc                                       | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |     43853 | NS      | $13000660.38  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Assurant Inc                                   | Assurant Inc                                   | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |    192499 | NS      | $41504709.39  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp                          | Stifel Financial Corp                          | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |    542951 | NS      | $62596820.79  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Hancock Whitney Corp                           | Hancock Whitney Corp                           | CUSIP: 410120109<br>LEI: 549300GRNBWY8HIICT41 | Long             | EC               | CORP              | US        |   1152717 | NS      | $72528953.64  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Knife River Corp                               | Knife River Corp                               | CUSIP: 498894104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    275616 | NS      | $22324896.00  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Kodiak Gas Services Inc                        | Kodiak Gas Services Inc                        | CUSIP: 50012A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    970419 | NS      | $34731296.01  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity FedFund                    | BlackRock Liquidity FedFund                    | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |  11235513 | NS      | $11235512.86  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellium SE                                 | Constellium SE                                 | CUSIP: 000000000<br>LEI: 724500KRJEMC79KAAU28 | Long             | EC               | CORP              | FR        |   1383064 | NS      | $20040597.36  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX Corp                                 | TD SYNNEX Corp                                 | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |    287947 | NS      | $42636312.29  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-29

**Name of Applicant:** Delaware Group Equity Funds V

**Signature:** Dan Geatens

**Name of Signer:** Dan Geatens

**Title:** Division Director - Head of US Fund Administration