# EDGAR Filing Document

**Accession Number:** 0000230173
**File Stem:** 0001752724-25-207531
**Filing Date:** 2025-8
**Character Count:** 54242
**Document Hash:** def08a17a75fe55eefa5a4331a6c35e2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-207531.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001752724-25-207531

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DELAWARE GROUP CASH RESERVE
- **CENTRAL INDEX KEY:** 0000230173

**ORGANIZATION NAME:**
- **EIN:** 232059574
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02806
- **FILM NUMBER:** 251261582

**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 CASH RESERVE /DE/
- **DATE OF NAME CHANGE:** 20000526

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DELAWARE GROUP CASH RESERVE INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DELAWARE GROUP CASH RESERVE
- **DATE OF NAME CHANGE:** 19920527

## Series and Classes Contracts Data

### Macquarie Ultrashort Fund (Series ID: S000003913)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000162386 | Institutional Class | DULTX           |

## Nport-Ex

Schedule of investments

Macquarie Ultrashort Fund June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | Principal<br> amount<sup>°</sup> | &nbsp;&nbsp;Value (US $) |
| &nbsp;&nbsp;**Agency Commercial Mortgage-Backed Securities — 9.67%** | &nbsp;&nbsp;**Agency Commercial Mortgage-Backed Securities — 9.67%** | &nbsp;&nbsp;**Agency Commercial Mortgage-Backed Securities — 9.67%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FREMF Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2015-K48 C 144A 3.893% 8/25/48 #, • | &nbsp;&nbsp;&nbsp;&nbsp;798422 | &nbsp;&nbsp;$795601 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2016-K54 B 144A 4.224% 4/25/48 #, • | 3945000 | &nbsp;&nbsp;&nbsp;&nbsp; 3910485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2017-K68 B 144A 3.972% 10/25/49 #, • | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1963828 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2018-K733 C 144A 4.225% 9/25/25 #, • | 1580000 | &nbsp;&nbsp;&nbsp;&nbsp; 1570590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-K734 B 144A 4.196% 2/25/51 #, • | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1485233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-K737 B 144A 3.442% 1/25/53 #, • | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1960364 |
| &nbsp;&nbsp;&nbsp;**Total Agency Commercial Mortgage-Backed Securities (cost $11,645,617)** | &nbsp;&nbsp;&nbsp;**Total Agency Commercial Mortgage-Backed Securities (cost $11,645,617)** | &nbsp;&nbsp;&nbsp; **11686101** |
| &nbsp;&nbsp;**Collateralized Loan Obligations — 0.62%** | &nbsp;&nbsp;**Collateralized Loan Obligations — 0.62%** | &nbsp;&nbsp;**Collateralized Loan Obligations — 0.62%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldentree Loan Management US CLO 15 Series 2022-15A XR 144A 5.569% (TSFR03M + 1.30%, Floor 1.30%) 10/20/36 #, • | &nbsp;&nbsp;&nbsp;&nbsp;750000 | &nbsp;&nbsp;&nbsp;&nbsp; 749937 |
| &nbsp;&nbsp;&nbsp;**Total Collateralized Loan Obligations (cost $750,000)** | &nbsp;&nbsp;&nbsp;**Total Collateralized Loan Obligations (cost $750,000)** | &nbsp;&nbsp;&nbsp; **749937** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Corporate Bonds — 8.33%** | &nbsp;&nbsp;**Corporate Bonds — 8.33%** | &nbsp;&nbsp;**Corporate Bonds — 8.33%** |
| &nbsp;&nbsp;Banking — 1.82% | &nbsp;&nbsp;Banking — 1.82% | &nbsp;&nbsp;Banking — 1.82% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fifth Third Bank 3.85% 3/15/26 | 1110000 | &nbsp;&nbsp; 1103170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley 6.138% 10/16/26 μ | 1085000 | &nbsp;&nbsp; 1089731 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;2192901 |
| &nbsp;&nbsp;Capital Goods — 1.87% | &nbsp;&nbsp;Capital Goods — 1.87% | &nbsp;&nbsp;Capital Goods — 1.87% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ashtead Capital 144A 1.50% 8/12/26 # | 1175000 | &nbsp;&nbsp; 1137056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Boeing 2.196% 2/4/26 | 1145000 | &nbsp;&nbsp; 1127291 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;2264347 |
| &nbsp;&nbsp;Consumer Cyclical — 1.84% | &nbsp;&nbsp;Consumer Cyclical — 1.84% | &nbsp;&nbsp;Consumer Cyclical — 1.84% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ford Motor Credit 6.95% 6/10/26 | 1095000 | &nbsp;&nbsp; 1110166 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General Motors Financial 5.40% 4/6/26 | 1105000 | &nbsp;&nbsp; 1110220 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;2220386 |
| &nbsp;&nbsp;Consumer Non-Cyclical — 0.93% | &nbsp;&nbsp;Consumer Non-Cyclical — 0.93% | &nbsp;&nbsp;Consumer Non-Cyclical — 0.93% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Royalty Pharma 1.20% 9/2/25 | 1130000 | &nbsp;&nbsp; 1122578 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1122578 |
| &nbsp;&nbsp;Finance Companies — 1.87% | &nbsp;&nbsp;Finance Companies — 1.87% | &nbsp;&nbsp;Finance Companies — 1.87% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AerCap Ireland Capital DAC 2.45% 10/29/26 | 1165000 | &nbsp;&nbsp; 1135379 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aviation Capital Group 144A 1.95% 1/30/26 # | 1145000 | &nbsp;&nbsp; 1127061 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;2262440 |
| &nbsp;&nbsp;&nbsp;**Total Corporate Bonds (cost $10,045,475)** | &nbsp;&nbsp;&nbsp;**Total Corporate Bonds (cost $10,045,475)** | **10062652** |

---

NQ- 097 [0625] 0825 (4730775) 1

------

Schedule of investments

Macquarie Ultrashort Fund

---

| | | |
|:---|:---|:---|
|  | Principalamount<sup>°</sup> | &nbsp;&nbsp;Value (US $) |
| &nbsp;&nbsp;**Non-Agency Asset-Backed Securities — 57.17%** | &nbsp;&nbsp;**Non-Agency Asset-Backed Securities — 57.17%** | &nbsp;&nbsp;**Non-Agency Asset-Backed Securities — 57.17%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Express Credit Account Master Trust Series 2023-1 A 4.87% 5/15/28 | 1350000 | &nbsp;&nbsp;$1356967 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ARI Fleet Lease Trust Series 2024-B A2 144A 5.54% 4/15/33 # | 1520202 | &nbsp;&nbsp;&nbsp;&nbsp; 1529652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BA Credit Card Trust Series 2022-A2 5.00% 4/15/28 | 7250000 | &nbsp;&nbsp;&nbsp;&nbsp; 7263749 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Barclays Dryrock Issuance Trust Series 2023-2 A 5.204% (SOFR + 0.90%) 8/15/28 • | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2003424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CARDS II Trust Series 2024-1A A 144A 5.02% (SOFR + 0.68%, Floor 0.68%) 7/15/29 #, • | 1897000 | &nbsp;&nbsp;&nbsp;&nbsp; 1898584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chase Issuance Trust Series 2022-A1 A 3.97% 9/15/27 | 2490000 | &nbsp;&nbsp;&nbsp;&nbsp; 2487351 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citizens Auto Receivables Trust Series 2024-1 A2B 144A 4.904% (SOFR + 0.60%) 10/15/26 #, • | &nbsp;&nbsp;&nbsp;&nbsp;280332 | &nbsp;&nbsp;&nbsp;&nbsp; 280392 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CNH Equipment Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2022-A A3 2.94% 7/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;730631 | &nbsp;&nbsp;&nbsp;&nbsp; 725225 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-B A2A 5.42% 10/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;904280 | &nbsp;&nbsp;&nbsp;&nbsp; 906734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2025-A A2B 4.634% (SOFR + 0.33%) 8/15/28 • | 2200000 | &nbsp;&nbsp;&nbsp;&nbsp; 2199265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dell Equipment Finance Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2023-1 A3 144A 5.65% 9/22/28 # | &nbsp;&nbsp;&nbsp;&nbsp;743365 | &nbsp;&nbsp;&nbsp;&nbsp; 745012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-1 A3 144A 5.39% 3/22/30 # | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2017230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Enterprise Fleet Financing |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2022-4 A2 144A 5.76% 10/22/29 # | &nbsp;&nbsp;&nbsp;&nbsp;364189 | &nbsp;&nbsp;&nbsp;&nbsp; 365655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2023-2 A2 144A 5.56% 4/22/30 # | 2325801 | &nbsp;&nbsp;&nbsp;&nbsp; 2339728 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2023-3 A2 144A 6.40% 3/20/30 # | 1253149 | &nbsp;&nbsp;&nbsp;&nbsp; 1271968 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2025-1 A2 144A 4.65% 10/20/27 # | 1590000 | &nbsp;&nbsp;&nbsp;&nbsp; 1594562 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GM Financial Consumer Automobile Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-4 A3 0.68% 9/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6419 | &nbsp;&nbsp;&nbsp;&nbsp; 6409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-2 A2B 4.694% (SOFR + 0.39%) 3/16/27 • | &nbsp;&nbsp;&nbsp;&nbsp;455953 | &nbsp;&nbsp;&nbsp;&nbsp; 455899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GMF Floorplan Owner Revolving Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2023-1 A2 144A 5.454% (SOFR + 1.15%) 6/15/28 #, • | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1004703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-3A A1 144A 4.68% 11/15/28 # | 2600000 | &nbsp;&nbsp;&nbsp;&nbsp; 2610903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Harley-Davidson Motorcycle Trust Series 2022-A A4 3.26% 1/15/30 | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1984719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hyundai Auto Lease Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-A A3 144A 5.02% 3/15/27 # | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2005466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-C A3 144A 4.62% 4/17/28 # | &nbsp;&nbsp;&nbsp;&nbsp;700000 | &nbsp;&nbsp;&nbsp;&nbsp; 703272 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-C B 144A 4.97% 2/15/29 # | 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2516452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hyundai Auto Receivables Trust Series 2021-C A4 1.03% 12/15/27 | 1083713 | &nbsp;&nbsp;&nbsp;&nbsp; 1076374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;John Deere Owner Trust Series 2023-A A3 5.01% 11/15/27 | 1316027 | &nbsp;&nbsp;&nbsp;&nbsp; 1319996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Master Credit Card Trust II Series 2023-1A A 144A 4.70% 6/21/27 # | 3000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3000809 |

---

2 NQ- 097 [0625] 0825 (4730775)

------

---

| | | |
|:---|:---|:---|
|  | Principalamount<sup>°</sup> | &nbsp;&nbsp;Value (US $) |
| &nbsp;&nbsp;**Non-Agency Asset-Backed Securities (continued)** | &nbsp;&nbsp;**Non-Agency Asset-Backed Securities (continued)** | &nbsp;&nbsp;**Non-Agency Asset-Backed Securities (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mercedes-Benz Auto Lease Trust Series 2024-A A2B 4.724% (SOFR + 0.42%) 2/16/27 • | 1079647 | &nbsp;&nbsp;$1079863 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NextGear Floorplan Master Owner Trust Series 2024-1A A1 144A 5.203% (SOFR + 0.90%, Floor 0.90%) 3/15/29 #, • | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2004949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OCCU Auto Receivables Trust Series 2023-1A A2 144A 6.23% 4/15/27 # | &nbsp;&nbsp;&nbsp;&nbsp;53561 | &nbsp;&nbsp;&nbsp;&nbsp; 53599 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PFS Financing |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-C A 144A 5.104% (SOFR + 0.80%, Floor 0.80%) 4/15/28 #, • | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1001955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-E A 144A 5.154% (SOFR + 0.85%) 7/15/28 #, • | 1630000 | &nbsp;&nbsp;&nbsp;&nbsp; 1633638 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2025-A A 144A 4.954% (SOFR + 0.65%, Floor 0.65%) 1/15/29 #, • | 1250000 | &nbsp;&nbsp;&nbsp;&nbsp; 1249380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Santander Drive Auto Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2025-1 B 4.88% 3/17/31 | 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2521764 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2025-2 A2 4.71% 6/15/28 | 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2500751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Toyota Auto Loan Extended Note Trust Series 2022-1A A 144A 3.82% 4/25/35 # | &nbsp;&nbsp;&nbsp;&nbsp;920000 | &nbsp;&nbsp;&nbsp;&nbsp; 913593 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Toyota Auto Receivables Owner Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2023-A A3 4.63% 9/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;941074 | &nbsp;&nbsp;&nbsp;&nbsp; 941492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-C A2A 5.16% 5/17/27 | 1740665 | &nbsp;&nbsp;&nbsp;&nbsp; 1743885 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Toyota Lease Owner Trust Series 2024-B A2B 144A 4.742% (SOFR + 0.44%) 2/22/27 #, • | 1909763 | &nbsp;&nbsp;&nbsp;&nbsp; 1909127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Volkswagen Auto Loan Enhanced Trust Series 2023-2 A2B 4.932% (SOFR + 0.63%) 3/22/27 • | &nbsp;&nbsp;&nbsp;&nbsp;475871 | &nbsp;&nbsp;&nbsp;&nbsp; 476198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;World Omni Auto Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2023-A A3 4.83% 5/15/28 | 1647408 | &nbsp;&nbsp;&nbsp;&nbsp; 1649204 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2023-C A3 5.15% 11/15/28 | 1058711 | &nbsp;&nbsp;&nbsp;&nbsp; 1063332 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2023-D A2B 4.884% (SOFR + 0.58%) 2/16/27 • | &nbsp;&nbsp;&nbsp;&nbsp;166664 | &nbsp;&nbsp;&nbsp;&nbsp; 166720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;World Omni Automobile Lease Securitization Trust Series 2025-A A2B 4.694% (SOFR + 0.39%) 12/15/27 • | 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2499999 |
| &nbsp;&nbsp;&nbsp;**Total Non-Agency Asset-Backed Securities (cost $68,940,053)** | &nbsp;&nbsp;&nbsp;**Total Non-Agency Asset-Backed Securities (cost $68,940,053)** | &nbsp;&nbsp;&nbsp; **69079949** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Commercial Papers — 24.84%** | &nbsp;&nbsp;**Commercial Papers — 24.84%** | &nbsp;&nbsp;**Commercial Papers — 24.84%** |
| &nbsp;&nbsp;Banking — 7.48% | &nbsp;&nbsp;Banking — 7.48% | &nbsp;&nbsp;Banking — 7.48% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Banco Santander Chile 4.606% 9/8/25 | 5000000 | &nbsp;&nbsp; 4952993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HSBC USA 4.544% 6/5/26 | 4250000 | &nbsp;&nbsp; 4082569 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;9035562 |

---

NQ- 097 [0625] 0825 (4730775) 3

------

Schedule of investments

Macquarie Ultrashort Fund

---

| | | |
|:---|:---|:---|
|  | Principalamount<sup>°</sup> | &nbsp;&nbsp;Value (US $) |
| &nbsp;&nbsp;**Commercial Papers (continued)** | &nbsp;&nbsp;**Commercial Papers (continued)** | &nbsp;&nbsp;**Commercial Papers (continued)** |
| &nbsp;&nbsp;Brokerage — 1.94% | &nbsp;&nbsp;Brokerage — 1.94% | &nbsp;&nbsp;Brokerage — 1.94% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BofA Securities 4.657% 7/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;861000 | &nbsp;&nbsp;$858375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Charles Schwab 4.548% 9/12/25 | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1486539 |
|  |  | &nbsp;&nbsp;&nbsp; 2344914 |
| &nbsp;&nbsp;Capital Goods — 4.12% | &nbsp;&nbsp;Capital Goods — 4.12% | &nbsp;&nbsp;Capital Goods — 4.12% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parker Hannifin 4.60% 7/28/25 | 5000000 | &nbsp;&nbsp;&nbsp;&nbsp; 4982042 |
|  |  | &nbsp;&nbsp;&nbsp; 4982042 |
| &nbsp;&nbsp;Consumer Non-Cyclical — 4.13% | &nbsp;&nbsp;Consumer Non-Cyclical — 4.13% | &nbsp;&nbsp;Consumer Non-Cyclical — 4.13% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brown-Forman |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.495% 7/2/25 | 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2499387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.533% 7/22/25 | 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2493214 |
|  |  | &nbsp;&nbsp;&nbsp; 4992601 |
| &nbsp;&nbsp;Electric — 2.15% | &nbsp;&nbsp;Electric — 2.15% | &nbsp;&nbsp;Electric — 2.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DTE Electric 4.467% 7/8/25 | 2600000 | &nbsp;&nbsp;&nbsp;&nbsp; 2597431 |
|  |  | &nbsp;&nbsp;&nbsp; 2597431 |
| &nbsp;&nbsp;Natural Gas — 3.99% | &nbsp;&nbsp;Natural Gas — 3.99% | &nbsp;&nbsp;Natural Gas — 3.99% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Peoples Gas Light & Coke 4.471% 7/1/25 | 4820000 | &nbsp;&nbsp;&nbsp;&nbsp; 4820000 |
|  |  | &nbsp;&nbsp;&nbsp; 4820000 |
| &nbsp;&nbsp;Technology — 1.03% | &nbsp;&nbsp;Technology — 1.03% | &nbsp;&nbsp;Technology — 1.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Experian Finance 4.505% 7/2/25 | 1250000 | &nbsp;&nbsp;&nbsp;&nbsp; 1249676 |
|  |  | &nbsp;&nbsp;&nbsp; 1249676 |
| &nbsp;&nbsp;&nbsp;**Total Commercial Papers (cost $30,020,661)** | &nbsp;&nbsp;&nbsp;**Total Commercial Papers (cost $30,020,661)** | &nbsp;&nbsp;&nbsp; **30022226** |

---

---

| | | |
|:---|:---|:---|
|  | Number of<br> shares |  |
| &nbsp;&nbsp;**Short-Term Investments — 0.07%** | &nbsp;&nbsp;**Short-Term Investments — 0.07%** | &nbsp;&nbsp;**Short-Term Investments — 0.07%** |
| &nbsp;&nbsp;Money Market Mutual Funds — 0.07% | &nbsp;&nbsp;Money Market Mutual Funds — 0.07% | &nbsp;&nbsp;Money Market Mutual Funds — 0.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.22%) | &nbsp;&nbsp;&nbsp;&nbsp;19706 | &nbsp;&nbsp; 19706 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.23%) | &nbsp;&nbsp;&nbsp;&nbsp;19706 | &nbsp;&nbsp; 19706 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 4.30%) | &nbsp;&nbsp;&nbsp;&nbsp;19705 | &nbsp;&nbsp; 19705 |

---

4 NQ- 097 [0625] 0825 (4730775)

------

---

| | | |
|:---|:---|:---|
|  | Number of<br> shares | &nbsp;&nbsp;Value (US $) |
| &nbsp;&nbsp;**Short-Term Investments (continued)** | &nbsp;&nbsp;**Short-Term Investments (continued)** | &nbsp;&nbsp;**Short-Term Investments (continued)** |
| &nbsp;&nbsp;Money Market Mutual Funds (continued) | &nbsp;&nbsp;Money Market Mutual Funds (continued) | &nbsp;&nbsp;Money Market Mutual Funds (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 4.23%) | &nbsp;&nbsp;&nbsp;&nbsp;19706 | &nbsp;&nbsp;$19706 |
| &nbsp;&nbsp;&nbsp;**Total Short-Term Investments (cost $78,823)** | &nbsp;&nbsp;&nbsp;**Total Short-Term Investments (cost $78,823)** | &nbsp;&nbsp;&nbsp; **78823** |
| &nbsp;&nbsp;&nbsp;**Total Value of Securities—100.70%<br> (cost $121,480,629)** |  | &nbsp;&nbsp;&nbsp;&nbsp;**121679688** |
| &nbsp;&nbsp;&nbsp;**Liabilities Net of Receivables and Other Assets—(0.70%)** |  | &nbsp;&nbsp;&nbsp;&nbsp; **(841446)** |
| &nbsp;&nbsp;&nbsp;**Net Assets Applicable to 12,127,484 Shares Outstanding—100.00%** |  | &nbsp;&nbsp;**$120838242** |

---

---

| | |
|:---|:---|
| ° | Principal amount shown is stated in USD unless noted that the security is denominated in another currency. |
| # | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At June 30, 2025, the aggregate value of Rule 144A securities was $47,350,784, which represents 39.19% of the Fund's net assets. |
| • | Variable rate investment. Rates reset periodically. Rate shown reflects the rate in effect at June 30, 2025. 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. SOFR01M, SOFR03M, 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. |
| μ | Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at June 30, 2025. Rate will reset at a future date. |

---

---

| |
|:---|
| **Summary of abbreviations:** |
| BofA – Bank of America |
| CLO – Collateralized Loan Obligation |
| DAC – Designated Activity Company |
| FREMF – Freddie Mac Multifamily |
| SOFR – Secured Overnight Financing Rate |
| SOFR01M – Secured Overnight Financing Rate 1 Month |
| SOFR03M – Secured Overnight Financing Rate 3 Month |
| TSFR03M – 3 Month Term Secured Overnight Financing Rate |

---

NQ- 097 [0625] 0825 (4730775) 5

## 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 Cash Reserve

- **b. Investment Company Act file number:** 811-02806

- **c. CIK number of Registrant:** 0000230173

- **d. LEI of Registrant:** 549300C61WFLOXMIJ776

- **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 Ultrashort Fund

- **b. EDGAR series identifier (if any):** S000003913

- **c. LEI of Series:** 5493005IHH8IB878CZ73

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $122085438.70

**Total Liabilities:** $626863.30

**Net Assets:** $121458575.40

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 1839.24434000 | **1-Year:** 6673.20634000 | **5-Year:** 3931.88342000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000162386 | 0.36%                | 0.37%                | 0.35%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5450.13                 | $-35644.16                                 |
| Month 2  | $9758.68                 | $-57001.26                                 |
| Month 3  | $21894.80                | $81626.50                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| World Omni Automobile Lease Se                 | World Omni Automobile Lease Securitization Trust 2025-A   | CUSIP: 98164PAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2499999.25   | 2.06%             | 2027-12-15      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                   | Dell Equipment Finance Trust 2024-1                       | CUSIP: 24702GAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2017230.40   | 1.66%             | 2030-03-22      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Harley-Davidson Motorcycle Tru                 | Harley-Davidson Motorcycle Trust 2022-A                   | CUSIP: 41284YAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1984718.60   | 1.63%             | 2030-01-15      | Fixed         | 3.26%                 | No            |                  2 | On Loan: No      |
| OCCU Auto Receivables Trust                    | OCCU Auto Receivables Trust 2023-1                        | CUSIP: 674921AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     53561 | PA      | $53598.90     | 0.04%             | 2027-04-15      | Fixed         | 6.23%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp.                            | PFS Financing Corp                                        | CUSIP: 69335PFL4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1630000 | PA      | $1633638.32   | 1.35%             | 2028-07-15      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                            | BANK AMER SECS INC 0% CP 25/07/2025                       | CUSIP: 06054NUR0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    861000 | PA      | $858374.72    | 0.71%             | 2025-07-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobi                 | GM Financial Consumer Automobile Receivables Trust 2021-4 | CUSIP: 362554AC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      6419 | PA      | $6409.34      | 0.01%             | 2026-09-16      | Fixed         | 0.68%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANK NA                            | Fifth Third Bank NA                                       | CUSIP: 31677AAB0<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |   1110000 | PA      | $1103169.73   | 0.91%             | 2026-03-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| HSBC USA INC                                   | HSBC USA INC NEW 0% CP 05/06/2026                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4250000 | PA      | $4082568.28   | 3.36%             | 2026-06-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner                  | Toyota Auto Receivables 2023-A Owner Trust                | CUSIP: 891940AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    941074 | PA      | $941492.17    | 0.78%             | 2027-09-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Bank of America Credit Card Tr                 | BA Credit Card Trust                                      | CUSIP: 05522RDF2<br>LEI: 5493006DQ60M1CRKHH19 | Long             | ABS-O            | CORP              | US        |   7250000 | PA      | $7263748.90   | 5.98%             | 2028-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EXPERIAN FINANCE PLC                           | EXPERIAN FINANCE PLC                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   1250000 | PA      | $1249676.25   | 1.03%             | 2025-07-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                           | FREMF 2016-K54 Mortgage Trust                             | CUSIP: 30288RAE0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3945000 | PA      | $3910484.80   | 3.22%             | 2048-04-25      | Variable      | 4.22%                 | No            |                  2 | On Loan: No      |
| CNH Equipment Trust                            | CNH Equipment Trust 2025-A                                | CUSIP: 12674BAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2200000 | PA      | $2199264.98   | 1.81%             | 2028-08-15      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitizat                 | Hyundai Auto Lease Securitization Trust 2024-C            | CUSIP: 448984AD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $703271.52    | 0.58%             | 2028-04-17      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                           | FREMF 2015-K48 Mortgage Trust                             | CUSIP: 30293HAG0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    798422 | PA      | $795601.49    | 0.66%             | 2048-08-25      | Variable      | 3.89%                 | No            |                  2 | On Loan: No      |
| ARI Fleet Lease Trust                          | ARI Fleet Lease Trust 2024-B                              | CUSIP: 04033HAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1520202 | PA      | $1529651.98   | 1.26%             | 2033-04-15      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| General Motors                                 | GMF Floorplan Owner Revolving Trust                       | CUSIP: 361886DK7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2600000 | PA      | $2610902.58   | 2.15%             | 2028-11-15      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| NextGear Floorplan Master Owne                 | NextGear Floorplan Master Owner Trust                     | CUSIP: 65341KBY1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2004948.80   | 1.65%             | 2029-03-15      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp.                            | PFS Financing Corp                                        | CUSIP: 69335PFG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1001954.90   | 0.82%             | 2028-04-15      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                           | FREMF 2020-K737 Mortgage Trust                            | CUSIP: 30300SAS1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2000000 | PA      | $1960363.80   | 1.61%             | 2053-01-25      | Variable      | 3.44%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Tr                 | World Omni Auto Receivables Trust 2023-A                  | CUSIP: 98164JAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1647408 | PA      | $1649203.73   | 1.36%             | 2028-05-15      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| DTE ELECTRIC CO                                | DTE ELECTRIC COMP 0% CP 08/07/2025                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2597431.20   | 2.14%             | 2025-07-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CNH Equipment Trust                            | CNH Equipment Trust 2024-B                                | CUSIP: 18978JAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    904280 | PA      | $906733.55    | 0.75%             | 2027-10-15      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                         | Aviation Capital Group LLC                                | CUSIP: 05369AAK7<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   1145000 | PA      | $1127061.51   | 0.93%             | 2026-01-30      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                 | Enterprise Fleet Financing 2022-4 LLC                     | CUSIP: 29374GAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    364189 | PA      | $365654.72    | 0.30%             | 2029-10-22      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US                  | Goldentree Loan Management US Clo 15 Ltd                  | CUSIP: 38139BAL3<br>LEI: 549300JGUKVX0EDNOJ93 | Long             | ABS-CBDO         | CORP              | JE        |    750000 | PA      | $749937.00    | 0.62%             | 2036-10-20      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp.                            | PFS Financing Corp                                        | CUSIP: 69335PFS9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1249380.00   | 1.03%             | 2029-01-15      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| ROYALTY PHARMA PLC                             | Royalty Pharma PLC                                        | CUSIP: 78081BAH6<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |   1130000 | PA      | $1122578.27   | 0.92%             | 2025-09-02      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| Toyota Lease Owner Trust                       | Toyota Lease Owner Trust 2024-B                           | CUSIP: 891943AC6<br>LEI: 254900R64DFTI1MWY364 | Long             | ABS-O            | CORP              | US        |   1909763 | PA      | $1909126.61   | 1.57%             | 2027-02-22      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl                 | Santander Drive Auto Receivables Trust 2025-2             | CUSIP: 80287NAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2500751.25   | 2.06%             | 2028-06-15      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                      | Boeing Co/The                                             | CUSIP: 097023DG7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1145000 | PA      | $1127290.86   | 0.93%             | 2026-02-04      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Financial Square Government Fund | Goldman Sachs Financial Square Government Fund            | CUSIP: 38141W273<br>LEI: 549300BRJMXN4GUWZ402 | Long             | STIV             | RF                | US        |     19706 | NS      | $19705.73     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Auto Receivables Trust                 | Hyundai Auto Receivables Trust 2021-C                     | CUSIP: 44935FAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1083714 | PA      | $1076373.74   | 0.89%             | 2027-12-15      | Fixed         | 1.03%                 | No            |                  2 | On Loan: No      |
| Citizens Auto Receivables Trus                 | Citizens Auto Receivables Trust 2024-1                    | CUSIP: 17331QAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    280332 | PA      | $280391.80    | 0.23%             | 2026-10-15      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                            | CUSIP: 61747YEX9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1085000 | PA      | $1089731.25   | 0.90%             | 2026-10-16      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                           | FREMF 2018-K733 Mortgage Trust                            | CUSIP: 30297MAU4<br>LEI: 549300KQ08QVSM4XK212 | Long             | ABS-MBS          | USGSE             | US        |   1580000 | PA      | $1570589.99   | 1.29%             | 2025-09-25      | Variable      | 4.22%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity FedFund                    | BlackRock Liquidity FedFund                               | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |     19706 | NS      | $19705.74     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MOTORS FINL CO                         | General Motors Financial Co Inc                           | CUSIP: 37045XEF9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1105000 | PA      | $1110220.24   | 0.91%             | 2026-04-06      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                 | Enterprise Fleet Financing 2023-3 LLC                     | CUSIP: 29374LAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1253149 | PA      | $1271967.51   | 1.05%             | 2030-03-20      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner                  | Toyota Auto Receivables 2024-C Owner Trust                | CUSIP: 89237QAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1740665 | PA      | $1743884.82   | 1.44%             | 2027-05-17      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl                 | Santander Drive Auto Receivables Trust 2025-1             | CUSIP: 80288DAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2521764.50   | 2.08%             | 2031-03-17      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobi                 | GM Financial Consumer Automobile Receivables Trust 2024-2 | CUSIP: 379931AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    455953 | PA      | $455899.35    | 0.38%             | 2027-03-16      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| Volkswagen Auto Loan Enhanced                  | Volkswagen Auto Loan Enhanced Trust 2023-2                | CUSIP: 92867YAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    475871 | PA      | $476198.40    | 0.39%             | 2027-03-22      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| MSILF Government Portfolio                     | MSILF Government Portfolio                                | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |     19706 | NS      | $19705.74     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Credit Accoun                 | American Express Credit Account Master Trust              | CUSIP: 02582JJZ4<br>LEI: 549300Y4SA5G3GIJTP18 | Long             | ABS-O            | CORP              | US        |   1350000 | PA      | $1356967.22   | 1.12%             | 2028-05-15      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Loan Extended Note                 | Toyota Auto Loan Extended Note Trust 2022-1               | CUSIP: 89231EAA1<br>LEI: 549300VJ12IVOF78MZ11 | Long             | ABS-O            | CORP              | US        |    920000 | PA      | $913593.40    | 0.75%             | 2035-04-25      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| CARDS II Trust                                 | CARDS II Trust                                            | CUSIP: 14161GCJ7<br>LEI: 549300GWPYLNK6X47W76 | Long             | ABS-O            | CORP              | CA        |   1897000 | PA      | $1898584.18   | 1.56%             | 2029-07-15      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                           | FREMF 2019-K734 Mortgage Trust                            | CUSIP: 302977AS2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1500000 | PA      | $1485232.80   | 1.22%             | 2051-02-25      | Variable      | 4.20%                 | No            |                  2 | On Loan: No      |
| CNH Equipment Trust                            | CNH Equipment Trust 2022-A                                | CUSIP: 12660DAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    730631 | PA      | $725225.21    | 0.60%             | 2027-07-15      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| CHARLESSCHWABCORP                              | SCHWABCHARLESCORPDISCCOML0%CP12/09/2025                   | CUSIP: 8085A2WC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1486539.15   | 1.22%             | 2025-09-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                   | Dell Equipment Finance Trust 2023-1                       | CUSIP: 24702HAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    743365 | PA      | $745012.43    | 0.61%             | 2028-09-22      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                       | Ford Motor Credit Co LLC                                  | CUSIP: 345397D26<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1095000 | PA      | $1110165.31   | 0.91%             | 2026-06-10      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Auto Lease Trust                 | Mercedes-Benz Auto Lease Trust 2024-A                     | CUSIP: 58770JAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1079647 | PA      | $1079863.14   | 0.89%             | 2027-02-16      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                 | Enterprise Fleet Financing 2025-1 LLC                     | CUSIP: 29390HAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1590000 | PA      | $1594561.87   | 1.31%             | 2027-10-20      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                            | Ashtead Capital Inc                                       | CUSIP: 045054AN3<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1137056.20   | 0.94%             | 2026-08-12      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| BROWN-FORMAN CORP                              | BROWN FORMAN CORP 0% CP 02/07/2025                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2499387.00   | 2.06%             | 2025-07-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                           | FREMF 17-K68 Mortgage Trust                               | CUSIP: 30305EAE8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2000000 | PA      | $1963828.00   | 1.62%             | 2049-10-25      | Variable      | 3.97%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Tr                 | World Omni Auto Receivables Trust 2023-D                  | CUSIP: 98164DAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    166664 | PA      | $166720.19    | 0.14%             | 2027-02-16      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| Master Credit Card Trust                       | Master Credit Card Trust II                               | CUSIP: 576339DF9<br>LEI: 549300G7G68IV2D8IM76 | Long             | ABS-O            | CORP              | CA        |   3000000 | PA      | $3000809.10   | 2.47%             | 2027-06-21      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER CHILE                          | BANCO SANTANDER CHILE DISC COM 0% CP 08/09/2025           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4952993.00   | 4.08%             | 2025-09-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| General Motors                                 | GMF Floorplan Owner Revolving Trust                       | CUSIP: 361886CS1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1004702.70   | 0.83%             | 2028-06-15      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| BROWN-FORMAN CORP                              | BROWN FORMAN CORP 0% CP 22/07/2025                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2493214.25   | 2.05%             | 2025-07-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Tr                 | World Omni Auto Receivables Trust 2023-C                  | CUSIP: 98164FAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1058711 | PA      | $1063331.98   | 0.88%             | 2028-11-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Fidelity Government Portfolio                  | Fidelity Government Portfolio                             | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |     19706 | NS      | $19705.74     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Auto Lease Securitizat                 | Hyundai Auto Lease Securitization Trust 2024-A            | CUSIP: 448988AD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2005466.20   | 1.65%             | 2027-03-15      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitizat                 | Hyundai Auto Lease Securitization Trust 2024-C            | CUSIP: 448984AF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2516452.00   | 2.07%             | 2029-02-15      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| PEOPLES GAS LIGHT & COKE CO/THE                | PEOPLES GAS LT & COKE CO 0% CP 01/07/2025                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4820000 | PA      | $4820000.00   | 3.97%             | 2025-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chase Issuance Trust                           | Chase Issuance Trust                                      | CUSIP: 161571HS6<br>LEI: 5493008SHVCX2Y068L12 | Long             | ABS-O            | CORP              | US        |   2490000 | PA      | $2487351.14   | 2.05%             | 2027-09-15      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| PARKER-HANNIFIN CORP                           | PARKER-HANNIFIN CORP 0% CP 28/07/2025                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4982042.00   | 4.10%             | 2025-07-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                 | Enterprise Fleet Financing 2023-2 LLC                     | CUSIP: 29375NAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2325801 | PA      | $2339727.56   | 1.93%             | 2030-04-22      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| John Deere Owner Trust                         | John Deere Owner Trust 2023                               | CUSIP: 47800CAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1316027 | PA      | $1319995.87   | 1.09%             | 2027-11-15      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                       | AerCap Ireland Capital DAC / AerCap Global Aviation Trust | CUSIP: 00774MAV7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1165000 | PA      | $1135378.94   | 0.93%             | 2026-10-29      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Barclays Dryrock Issuance Trus                 | Barclays Dryrock Issuance Trust                           | CUSIP: 06742LBB8<br>LEI: 213800R4G3N2G68CHU37 | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2003423.80   | 1.65%             | 2028-08-15      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-25

**Name of Applicant:** Delaware Group Cash Reserve

**Signature:** Dan Geatens

**Name of Signer:** Dan Geatens

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