# EDGAR Filing Document

**Accession Number:** 0000814230
**File Stem:** 0000940400-25-010031
**Filing Date:** 2025-11
**Character Count:** 51903
**Document Hash:** c47f9163392929857540d66ee3029e26
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-010031.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0000940400-25-010031

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DELAWARE VIP TRUST
- **CENTRAL INDEX KEY:** 0000814230

**ORGANIZATION NAME:**
- **EIN:** 232470518
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05162
- **FILM NUMBER:** 251513970

**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 PREMIUM FUND
- **DATE OF NAME CHANGE:** 20000428

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DELAWARE PREMIUM FUND
- **DATE OF NAME CHANGE:** 20000224

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

## Series and Classes Contracts Data

### Macquarie VIP Emerging Markets Series (Series ID: S000002482)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000006679 | Standard     |  |
| C000006680 | Service      |  |

## Nport-Ex

## Schedule of investments
Delaware VIP<sup>®</sup> Trust — Macquarie VIP Emerging Markets Series

September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Common Stocks — 96.81%Δ** | &nbsp;&nbsp;**Common Stocks — 96.81%Δ** | &nbsp;&nbsp;**Common Stocks — 96.81%Δ** |
| &nbsp;&nbsp;Argentina — 0.85% | &nbsp;&nbsp;Argentina — 0.85% | &nbsp;&nbsp;Argentina — 0.85% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cablevision Holding GDR | &nbsp;&nbsp;&nbsp;&nbsp;262838 | $768884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cresud ADR | &nbsp;&nbsp;&nbsp;&nbsp;294024 | &nbsp;&nbsp; 2705021 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Grupo Clarin GDR Class B 144A #, † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77680 | &nbsp;&nbsp; 178236 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IRSA Inversiones y Representaciones ADR | &nbsp;&nbsp;&nbsp;&nbsp;228391 | &nbsp;&nbsp; 2704150 |
|  |  | &nbsp;&nbsp; 6356291 |
| &nbsp;&nbsp;Bahrain — 0.15% | &nbsp;&nbsp;Bahrain — 0.15% | &nbsp;&nbsp;Bahrain — 0.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aluminium Bahrain GDR 144A # | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91200 | &nbsp;&nbsp; 1092996 |
|  |  | &nbsp;&nbsp; 1092996 |
| &nbsp;&nbsp;Brazil — 4.18% | &nbsp;&nbsp;Brazil — 4.18% | &nbsp;&nbsp;Brazil — 4.18% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Banco Bradesco ADR | 1749871 | &nbsp;&nbsp; 5914564 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Banco Santander Brasil ADR | &nbsp;&nbsp;&nbsp;&nbsp;153366 | &nbsp;&nbsp; 857316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Itau Unibanco Holding ADR | 1271187 | &nbsp;&nbsp; 9330513 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MBRF Global Foods Company ADR | &nbsp;&nbsp;&nbsp;&nbsp;482088 | &nbsp;&nbsp; 1716232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Petroleo Brasileiro ADR | &nbsp;&nbsp;&nbsp;&nbsp;285509 | &nbsp;&nbsp; 3374716 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rumo | &nbsp;&nbsp;&nbsp;&nbsp;217473 | &nbsp;&nbsp; 649283 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sitios Latinoamerica † | &nbsp;&nbsp;&nbsp;&nbsp;162815 | &nbsp;&nbsp; 36273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Telefonica Brasil ADR | &nbsp;&nbsp;&nbsp;&nbsp;259915 | &nbsp;&nbsp; 3313916 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TIM ADR | &nbsp;&nbsp;&nbsp;&nbsp;134614 | &nbsp;&nbsp; 3004584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vale ADR | &nbsp;&nbsp;&nbsp;&nbsp;237148 | &nbsp;&nbsp; 2575427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;XP Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24226 | &nbsp;&nbsp; 455207 |
|  |  | &nbsp;&nbsp; 31228031 |
| &nbsp;&nbsp;Chile — 0.58% | &nbsp;&nbsp;Chile — 0.58% | &nbsp;&nbsp;Chile — 0.58% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sociedad Quimica y Minera de Chile ADR † | &nbsp;&nbsp;&nbsp;&nbsp;100000 | &nbsp;&nbsp; 4298000 |
|  |  | &nbsp;&nbsp; 4298000 |
| &nbsp;&nbsp;China — 19.17% | &nbsp;&nbsp;China — 19.17% | &nbsp;&nbsp;China — 19.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alibaba Group Holding | &nbsp;&nbsp;&nbsp;&nbsp;959100 | &nbsp;&nbsp; 21449424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alibaba Group Holding ADR | &nbsp;&nbsp;&nbsp;&nbsp;131300 | &nbsp;&nbsp; 23467249 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Baidu ADR † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90000 | &nbsp;&nbsp; 11859300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BeOne Medicines Class H † | &nbsp;&nbsp;&nbsp;&nbsp;167800 | &nbsp;&nbsp; 4477440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DiDi Global ADR † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81500 | &nbsp;&nbsp; 506930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iQIYI ADR † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59542 | &nbsp;&nbsp; 152428 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JD.com ADR | &nbsp;&nbsp;&nbsp;&nbsp;151519 | &nbsp;&nbsp; 5300135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Joinn Laboratories China Class H 144A # | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13445 | &nbsp;&nbsp; 39813 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kunlun Energy | 3360900 | &nbsp;&nbsp; 3001874 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Meituan Class B 144A #, † | &nbsp;&nbsp;&nbsp;&nbsp;224390 | &nbsp;&nbsp; 2997574 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New Oriental Education & Technology Group ADR † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56558 | &nbsp;&nbsp; 3001533 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PDD Holdings ADR † | &nbsp;&nbsp;&nbsp;&nbsp;100000 | &nbsp;&nbsp; 13217000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shenzhen Mindray Bio-Medical Electronics Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76600 | &nbsp;&nbsp; 2650737 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sohu.com ADR † | &nbsp;&nbsp;&nbsp;&nbsp;406954 | &nbsp;&nbsp; 6360691 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TAL Education Group ADR † | &nbsp;&nbsp;&nbsp;&nbsp;600000 | &nbsp;&nbsp; 6720000 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** |
| &nbsp;&nbsp;China (continued) | &nbsp;&nbsp;China (continued) | &nbsp;&nbsp;China (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tencent Holdings | &nbsp;&nbsp;&nbsp;&nbsp;326500 | $27820935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tencent Music Entertainment Group ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159 | &nbsp;&nbsp; 3711 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tianjin Development Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35950 | &nbsp;&nbsp; 12007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trip.com Group ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78208 | &nbsp;&nbsp; 5881242 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Uni-President China Holdings | 2800000 | &nbsp;&nbsp; 2959036 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Weibo ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40000 | &nbsp;&nbsp; 496000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Weibo Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65500 | &nbsp;&nbsp; 833532 |
|  |  | &nbsp;&nbsp;143208591 |
| &nbsp;&nbsp;India — 10.96% | &nbsp;&nbsp;India — 10.96% | &nbsp;&nbsp;India — 10.96% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HCL Technologies | &nbsp;&nbsp;&nbsp;&nbsp;251032 | &nbsp;&nbsp; 3918972 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HDFC Bank | 1328720 | &nbsp;&nbsp; 14239502 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Infosys | &nbsp;&nbsp;&nbsp;&nbsp;285200 | &nbsp;&nbsp; 4638631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Natco Pharma | &nbsp;&nbsp;&nbsp;&nbsp;185519 | &nbsp;&nbsp; 1661187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reliance Industries | 1616212 | &nbsp;&nbsp; 24824707 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reliance Industries GDR 144A # | &nbsp;&nbsp;&nbsp;&nbsp;440657 | &nbsp;&nbsp; 26917220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sify Technologies ADR † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15200 | &nbsp;&nbsp; 207632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tata Consultancy Services | &nbsp;&nbsp;&nbsp;&nbsp;150341 | &nbsp;&nbsp; 4893498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zee Entertainment Enterprises | &nbsp;&nbsp;&nbsp;&nbsp;450000 | &nbsp;&nbsp; 570309 |
|  |  | &nbsp;&nbsp; 81871658 |
| &nbsp;&nbsp;Indonesia — 0.81% | &nbsp;&nbsp;Indonesia — 0.81% | &nbsp;&nbsp;Indonesia — 0.81% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Astra International | 11254400 | &nbsp;&nbsp; 3903045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unilever Indonesia | 20000000 | &nbsp;&nbsp; 2136214 |
|  |  | &nbsp;&nbsp; 6039259 |
| &nbsp;&nbsp;Malaysia — 0.58% | &nbsp;&nbsp;Malaysia — 0.58% | &nbsp;&nbsp;Malaysia — 0.58% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Public Bank | 3376000 | &nbsp;&nbsp; 3477975 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UEM Sunrise | 4748132 | &nbsp;&nbsp; 859663 |
|  |  | &nbsp;&nbsp; 4337638 |
| &nbsp;&nbsp;Mexico — 3.71% | &nbsp;&nbsp;Mexico — 3.71% | &nbsp;&nbsp;Mexico — 3.71% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;America Movil ADR | &nbsp;&nbsp;&nbsp;&nbsp;209432 | &nbsp;&nbsp; 4398072 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cemex ADR | &nbsp;&nbsp;&nbsp;&nbsp;469537 | &nbsp;&nbsp; 4221138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coca-Cola Femsa ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68784 | &nbsp;&nbsp; 5715950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fomento Economico Mexicano ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19186 | &nbsp;&nbsp; 1892315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Grupo Financiero Banorte Class O | &nbsp;&nbsp;&nbsp;&nbsp;919086 | &nbsp;&nbsp; 9230758 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Grupo Televisa ADR | &nbsp;&nbsp;&nbsp;&nbsp;656458 | &nbsp;&nbsp; 1765872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ollamani SAB † | &nbsp;&nbsp;&nbsp;&nbsp;164114 | &nbsp;&nbsp; 491979 |
|  |  | &nbsp;&nbsp; 27716084 |
| &nbsp;&nbsp;Peru — 1.51% | &nbsp;&nbsp;Peru — 1.51% | &nbsp;&nbsp;Peru — 1.51% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cia de Minas Buenaventura ADR | &nbsp;&nbsp;&nbsp;&nbsp;120000 | &nbsp;&nbsp; 2919600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Credicorp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31531 | &nbsp;&nbsp; 8396075 |
|  |  | &nbsp;&nbsp; 11315675 |
| &nbsp;&nbsp;Russia — 0.00% | &nbsp;&nbsp;Russia — 0.00% | &nbsp;&nbsp;Russia — 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EL5-ENERO PJSC =, † | &nbsp;&nbsp;&nbsp;&nbsp;755050 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gazprom PJSC =, † | 2087800 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rosneft Oil PJSC =, † | 1449104 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sberbank of Russia PJSC =, † | 2058929 | &nbsp;&nbsp; 0 |

---

NQ-VIPEM [0925] 1125 (4967888) 1

------

Delaware VIP<sup>®</sup> Trust — Macquarie VIP Emerging Markets Series

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** |
| &nbsp;&nbsp;Russia (continued) | &nbsp;&nbsp;Russia (continued) | &nbsp;&nbsp;Russia (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Surgutneftegas PJSC ADR =, † | &nbsp;&nbsp;&nbsp;&nbsp;294652 | $0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T Plus PJSC =, † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25634 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VK IPJSC GDR =, † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71300 | &nbsp;&nbsp; 0 |
|  |  | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp;Saudi Arabia — 0.34% | &nbsp;&nbsp;Saudi Arabia — 0.34% | &nbsp;&nbsp;Saudi Arabia — 0.34% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Saudi Arabian Oil 144A # | &nbsp;&nbsp;&nbsp;&nbsp;390269 | &nbsp;&nbsp; 2562520 |
|  |  | &nbsp;&nbsp; 2562520 |
| &nbsp;&nbsp;South Africa — 0.00% | &nbsp;&nbsp;South Africa — 0.00% | &nbsp;&nbsp;South Africa — 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tongaat Hulett =, † | &nbsp;&nbsp;&nbsp;&nbsp;182915 | &nbsp;&nbsp; 0 |
|  |  | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp;South Korea — 35.50% | &nbsp;&nbsp;South Korea — 35.50% | &nbsp;&nbsp;South Korea — 35.50% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KB Financial Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80000 | &nbsp;&nbsp; 6602872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LG Uplus | &nbsp;&nbsp;&nbsp;&nbsp;184000 | &nbsp;&nbsp; 2012594 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Samsung C&T | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60000 | &nbsp;&nbsp; 7901228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Samsung Electronics | &nbsp;&nbsp;&nbsp;&nbsp;671359 | &nbsp;&nbsp; 40248192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Samsung Life Insurance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66026 | &nbsp;&nbsp; 7378271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shinhan Financial Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38000 | &nbsp;&nbsp; 1915882 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SK Hynix | &nbsp;&nbsp;&nbsp;&nbsp;360000 | &nbsp;&nbsp; 89243276 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SK Square † | &nbsp;&nbsp;&nbsp;&nbsp;714613 | &nbsp;&nbsp;102932677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SK Telecom ADR | &nbsp;&nbsp;&nbsp;&nbsp;322422 | &nbsp;&nbsp; 6964315 |
|  |  | &nbsp;&nbsp;265199307 |
| &nbsp;&nbsp;Taiwan — 16.65% | &nbsp;&nbsp;Taiwan — 16.65% | &nbsp;&nbsp;Taiwan — 16.65% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MediaTek | &nbsp;&nbsp;&nbsp;&nbsp;379000 | &nbsp;&nbsp; 16437136 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing | 2483864 | &nbsp;&nbsp;107893655 |
|  |  | &nbsp;&nbsp;124330791 |
| &nbsp;&nbsp;Türkiye — 1.82% | &nbsp;&nbsp;Türkiye — 1.82% | &nbsp;&nbsp;Türkiye — 1.82% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Akbank | 6643734 | &nbsp;&nbsp; 10039863 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D-MARKET Elektronik Hizmetler ve Ticaret ADR † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15200 | &nbsp;&nbsp; 40888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Turkcell Iletisim Hizmetleri | &nbsp;&nbsp;&nbsp;&nbsp;677165 | &nbsp;&nbsp; 1595875 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Turkiye Sise ve Cam Fabrikalari | 2124324 | &nbsp;&nbsp; 1910158 |
|  |  | &nbsp;&nbsp; 13586784 |
| &nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (cost $451,566,046)** | &nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (cost $451,566,046)** | &nbsp;&nbsp;**723143625** |
| &nbsp;&nbsp;**Convertible Preferred Stock — 0.06%Δ** | &nbsp;&nbsp;**Convertible Preferred Stock — 0.06%Δ** | &nbsp;&nbsp;**Convertible Preferred Stock — 0.06%Δ** |
| &nbsp;&nbsp;South Korea — 0.06% | &nbsp;&nbsp;South Korea — 0.06% | &nbsp;&nbsp;South Korea — 0.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CJ 1.99% ω | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4204 | &nbsp;&nbsp; 459907 |
| &nbsp;&nbsp;&nbsp;**Total Convertible Preferred Stock<br> (cost $470,722)** | &nbsp;&nbsp;&nbsp;**Total Convertible Preferred Stock<br> (cost $470,722)** | &nbsp;&nbsp; **459907** |
| &nbsp;&nbsp;**Preferred Stocks — 3.75%Δ** | &nbsp;&nbsp;**Preferred Stocks — 3.75%Δ** | &nbsp;&nbsp;**Preferred Stocks — 3.75%Δ** |
| &nbsp;&nbsp;Brazil — 0.31% | &nbsp;&nbsp;Brazil — 0.31% | &nbsp;&nbsp;Brazil — 0.31% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Centrais Eletricas Brasileiras Class B 6.97% ω | &nbsp;&nbsp;&nbsp;&nbsp;216779 | &nbsp;&nbsp; 2267071 |
|  |  | &nbsp;&nbsp; 2267071 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Preferred StocksΔ (continued)** | &nbsp;&nbsp;**Preferred StocksΔ (continued)** | &nbsp;&nbsp;**Preferred StocksΔ (continued)** |
| &nbsp;&nbsp;Russia — 0.00% | &nbsp;&nbsp;Russia — 0.00% | &nbsp;&nbsp;Russia — 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transneft PJSC =, †, ω | &nbsp;&nbsp;&nbsp;&nbsp;360600 | $0 |
|  |  | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp;South Korea — 3.44% | &nbsp;&nbsp;South Korea — 3.44% | &nbsp;&nbsp;South Korea — 3.44% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CJ 3.23% ω | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28030 | &nbsp;&nbsp; 1987802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Samsung Electronics 2.08% ω | &nbsp;&nbsp;&nbsp;&nbsp;499750 | &nbsp;&nbsp; 23718642 |
|  |  | &nbsp;&nbsp; 25706444 |
| &nbsp;&nbsp;&nbsp;**Total Preferred Stocks<br> (cost $11,306,065)** | &nbsp;&nbsp;&nbsp;**Total Preferred Stocks<br> (cost $11,306,065)** | &nbsp;&nbsp; **27973515** |
| &nbsp;&nbsp;**Participation Notes — 0.00%Δ** | &nbsp;&nbsp;**Participation Notes — 0.00%Δ** | &nbsp;&nbsp;**Participation Notes — 0.00%Δ** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lehman Indian Oil<br> CW 12 LEPO =, † | &nbsp;&nbsp;&nbsp;&nbsp;100339 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lehman Oil & Natural Gas<br> CW 12 LEPO =, † | &nbsp;&nbsp;&nbsp;&nbsp;146971 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;**Total Participation Notes<br> (cost $4,952,197)** | &nbsp;&nbsp;&nbsp;**Total Participation Notes<br> (cost $4,952,197)** | &nbsp;&nbsp; **0** |
| &nbsp;&nbsp;&nbsp;**Total Value of Securities—100.62%<br> (cost $468,295,030)** |  | &nbsp;&nbsp;**751577047** |
| &nbsp;&nbsp;&nbsp;**Liabilities Net of Receivables and Other Assets — (0.62%)** |  | &nbsp;&nbsp;&nbsp; **(4642368)** |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;**Net Assets Applicable to 23,583,477 Shares Outstanding — 100.00%** | **$746934679** |

---

---

| |
|:---|
| Securities have been classified by country of risk. |
| Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At September 30, 2025, the aggregate value of Rule 144A securities was $33,788,359, which represents 4.52% of the Series' net assets. |
| Non-income producing security. |
| The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security. |
| Perpetual security with no stated maturity date. |

---

---

| |
|:---|
| **Summary of abbreviations:** |
| ADR – American Depositary Receipt |
| GDR – Global Depositary Receipt |
| IPJSC – International Public Joint Stock Company |
| LEPO – Low Exercise Price Option |
| PJSC – Private Joint Stock Company |

---

2 NQ-VIPEM [0925] 1125 (4967888)

## 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 VIP Trust

- **b. Investment Company Act file number:** 811-05162

- **c. CIK number of Registrant:** 0000814230

- **d. LEI of Registrant:** 549300UTFWWV5UI8OM26

- **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 VIP Emerging Markets Series

- **b. EDGAR series identifier (if any):** S000002482

- **c. LEI of Series:** TXEVRZQGUSVHQ89JHL03

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $754928364.55

**Total Liabilities:** $6859452.64

**Net Assets:** $748068911.91

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000006680 | -1.74%               | -0.11%               | 14.28%               |
| Class ID C000006679 | -1.70%               | -0.07%               | 14.30%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $45361711.94             | $-57512159.91                              |
| Month 2  | $205447.85               | $66764.48                                  |
| Month 3  | $-1954425.25             | $96476092.04                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SK Telecom Co Ltd              | SK Telecom Co Ltd                               | CUSIP: 78440P306<br>LEI: 9884003WEA1PHW006037 | Long             | EC               | CORP              | KR        |    322422 | NS      | $6964315.20   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| DiDi Global Inc                | DiDi Global Inc                                 | CUSIP: 23292E108<br>LEI: 8368006Y2DHY77ADSY31 | Long             | EC               | CORP              | CN        |     81500 | NS      | $506930.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia de Minas Buenaventura SAA  | Cia de Minas Buenaventura SAA                   | CUSIP: 204448104<br>LEI: 529900WQB1ZU9KB6EL71 | Long             | EC               | CORP              | PE        |    120000 | NS      | $2919600.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Square Co Ltd               | SK Square Co Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    714613 | NS      | $102932676.75 | 13.76%            |  |  |  | No            |                  2 | On Loan: No      |
| Natco Pharma Ltd               | Natco Pharma Ltd                                | CUSIP: 000000000<br>LEI: 33580086GIBRWXSNGG39 | Long             | EC               | CORP              | IN        |    185519 | NS      | $1661187.26   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Cablevision Holding SA         | Cablevision Holding SA                          | CUSIP: 12687E104<br>LEI: 254900SFRPHMM26ZOQ87 | Long             | EC               | CORP              | AR        |    262838 | NS      | $768884.29    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| MBRF GLOBAL FOODS COMPANY SA   | MBRF GLOBAL FOODS COMPANY SA                    | CUSIP: 56656T105<br>LEI: 391200219USWMOBN3F92 | Long             | EC               | CORP              | BR        |    482088 | NS      | $1716231.52   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bradesco SA              | Banco Bradesco SA                               | CUSIP: 059460303<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EC               | CORP              | BR        |   1749871 | NS      | $5914563.98   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever Indonesia Tbk PT      | Unilever Indonesia Tbk PT                       | CUSIP: 000000000<br>LEI: 549300MUHUFNRRI19O72 | Long             | EC               | CORP              | ID        |  20000000 | NS      | $2136213.62   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Turkcell Iletisim Hizmetleri A | Turkcell Iletisim Hizmetleri AS                 | CUSIP: 000000000<br>LEI: 7890003EX1LTLS2FFL84 | Long             | EC               | CORP              | TR        |    677165 | NS      | $1595874.85   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Shenzhen Mindray Bio-Medical E | Shenzhen Mindray Bio-Medical Electronics Co Ltd | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     76600 | NS      | $2650736.82   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Akbank TAS                     | Akbank TAS                                      | CUSIP: 000000000<br>LEI: 789000TUMN63Z28TJ497 | Long             | EC               | CORP              | TR        |   6643734 | NS      | $10039863.30  | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Turkiye Sise ve Cam Fabrikalar | Turkiye Sise ve Cam Fabrikalari AS              | CUSIP: 000000000<br>LEI: 789000KWOK751Q6R8875 | Long             | EC               | CORP              | TR        |   2124324 | NS      | $1910158.10   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd     | Samsung Electronics Co Ltd                      | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EP               | CORP              | KR        |    499750 | NS      | $23718641.94  | 3.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Shinhan Financial Group Co Ltd | Shinhan Financial Group Co Ltd                  | CUSIP: 000000000<br>LEI: 988400EB8A6G49E5KO54 | Long             | EC               | CORP              | KR        |     38000 | NS      | $1915882.34   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Sociedad Quimica y Minera de C | Sociedad Quimica y Minera de Chile SA           | CUSIP: 833635105<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | EC               | CORP              | CL        |    100000 | NS      | $4298000.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| VK IPJSC                       | VK IPJSC                                        | CUSIP: 560317208<br>LEI: 2138009IXUP41SPL5B50 | Long             | EC               | CORP              | RU        |     71300 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| JD.com Inc                     | JD.com Inc                                      | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | CN        |    151519 | NS      | $5300134.62   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| XP Inc                         | XP Inc                                          | CUSIP: 000000000<br>LEI: 5493008KDA8NBZRJST80 | Long             | EC               | CORP              | BR        |     24226 | NS      | $455206.54    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Rumo SA                        | Rumo SA                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    217473 | NS      | $649282.91    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| HCL Technologies Ltd           | HCL Technologies Ltd                            | CUSIP: 000000000<br>LEI: 549300C1F8OLYSOQYB65 | Long             | EC               | CORP              | IN        |    251032 | NS      | $3918971.46   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Surgutneftegas PJSC            | Surgutneftegas PJSC                             | CUSIP: 868861204<br>LEI: 2138002GZLU65FRAC894 | Long             | EC               | CORP              | RU        |    294652 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| HDFC Bank Ltd                  | HDFC Bank Ltd                                   | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |   1328720 | NS      | $14239501.97  | 1.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Arabian Oil Co           | Saudi Arabian Oil Co                            | CUSIP: 000000000<br>LEI: 5586006WD91QHB7J4X50 | Long             | EC               | CORP              | SA        |    390269 | NS      | $2562520.39   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| CJ Corp                        | CJ Corp                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | KR        |      4204 | NS      | $459907.11    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Infosys Ltd                    | Infosys Ltd                                     | CUSIP: 000000000<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |    285200 | NS      | $4638631.07   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| LG Uplus Corp                  | LG Uplus Corp                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    184000 | NS      | $2012594.10   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Public Bank Bhd                | Public Bank Bhd                                 | CUSIP: 000000000<br>LEI: 549300L2RSQCVMOHGM20 | Long             | EC               | CORP              | MY        |   3376000 | NS      | $3477975.50   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd      | Alibaba Group Holding Ltd                       | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | HK        |    959100 | NS      | $21449424.09  | 2.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Tongaat Hulett Pvt Ltd         | Tongaat Hulett Pvt Ltd                          | CUSIP: 000000000<br>LEI: 213800DQ5KB9QZ8RBX07 | Long             | EC               | CORP              | ZA        |    182915 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Trip.com Group Ltd             | Trip.com Group Ltd                              | CUSIP: 89677Q107<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | SG        |     78208 | NS      | $5881241.60   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Zee Entertainment Enterprises  | Zee Entertainment Enterprises Ltd               | CUSIP: 000000000<br>LEI: 254900EQIYPXZEO10B94 | Long             | EC               | CORP              | IN        |    450000 | NS      | $570309.02    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Credicorp Ltd                  | Credicorp Ltd                                   | CUSIP: 000000000<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | PE        |     31531 | NS      | $8396074.68   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Lehman Brothers Equity Finance | Oil & Natural Gas Corp Ltd                      | CUSIP: 000000000<br>LEI: 335800FPDZ9MRSNO7N41 | Long             | EC               | CORP              | LU        |    146971 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Weibo Corp                     | Weibo Corp                                      | CUSIP: 948596101<br>LEI: 549300Q9ID4640FE0422 | Long             | EC               | CORP              | CN        |     40000 | NS      | $496000.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Rosneft Oil Co PJSC            | Rosneft Oil Co PJSC                             | CUSIP: 000000000<br>LEI: 253400JT3MQWNDKMJE44 | Long             | EC               | CORP              | RU        |   1449104 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| TIANJIN DEV                    | Tianjin Development Holdings Ltd                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |     35950 | NS      | $12007.37     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| America Movil SAB de CV        | America Movil SAB de CV                         | CUSIP: 02390A101<br>LEI: 5493000FNR3UCEAONM59 | Long             | EC               | CORP              | MX        |    209432 | NS      | $4398072.00   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| UEM Sunrise Bhd                | UEM Sunrise Bhd                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |   4748132 | NS      | $859662.92    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| TIM SA/Brazil                  | TIM SA/Brazil                                   | CUSIP: 88706T108<br>LEI: 529900QI0CH1DN5ZCS77 | Long             | EC               | CORP              | BR        |    134614 | NS      | $3004584.48   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| MediaTek Inc                   | MediaTek Inc                                    | CUSIP: 000000000<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |    418000 | NS      | $18128555.93  | 2.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Baidu Inc                      | Baidu Inc                                       | CUSIP: 056752108<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               | CORP              | CN        |     90000 | NS      | $11859300.00  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Financial Group Inc         | KB Financial Group Inc                          | CUSIP: 000000000<br>LEI: 529900TKE4MXG3Q6GW86 | Long             | EC               | CORP              | KR        |     80000 | NS      | $6602871.53   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| U-PRESID CHINA                 | Uni-President China Holdings Ltd                | CUSIP: 000000000<br>LEI: 529900JUA05094TOKA73 | Long             | EC               | CORP              | CN        |   2800000 | NS      | $2959036.49   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Lehman Brothers Equity Finance | Indian Oil Corp Ltd                             | CUSIP: 52522M259<br>LEI: 335800J8OBWE4VFUDG88 | Long             | EC               | CORP              | US        |    100339 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Tata Consultancy Services Ltd  | Tata Consultancy Services Ltd                   | CUSIP: 000000000<br>LEI: 335800ZJKU9GPQRE2U66 | Long             | EC               | CORP              | IN        |    150341 | NS      | $4893498.34   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Hynix Inc                   | SK Hynix Inc                                    | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |    360000 | NS      | $89243275.47  | 11.93%            |  |  |  | No            |                  2 | On Loan: No      |
| Astra International Tbk PT     | Astra International Tbk PT                      | CUSIP: 000000000<br>LEI: 529900L49TRJOMG4DK47 | Long             | EC               | CORP              | ID        |  11254400 | NS      | $3903045.36   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Coca-Cola Femsa SAB de CV      | Coca-Cola Femsa SAB de CV                       | CUSIP: 191241108<br>LEI: 5493008KEVFYPMGTXO33 | Long             | EC               | CORP              | MX        |     68784 | NS      | $5715950.40   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| T Plus PJSC                    | T Plus PJSC                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | RU        |     25634 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Gazprom PJSC                   | Gazprom PJSC                                    | CUSIP: 000000000<br>LEI: 213800FD9J2IHTA7YX78 | Long             | EC               | CORP              | RU        |   2087800 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Grupo Clarin SA                | Grupo Clarin SA                                 | CUSIP: 40052A308<br>LEI: 254900FY8R51KBIIVA82 | Long             | EC               | CORP              | AR        |     77680 | NS      | $178236.29    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Joinn Laboratories China Co Lt | Joinn Laboratories China Co Ltd                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     13445 | NS      | $39813.09     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| IRSA Inversiones y Representac | IRSA Inversiones y Representaciones SA          | CUSIP: 450047303<br>LEI: 549300QJINFBX83IZ837 | Long             | EC               | CORP              | AR        |    228391 | NS      | $2704149.44   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Televisa SAB             | Grupo Televisa SAB                              | CUSIP: 40049J206<br>LEI: 549300O4AF0C816ILN62 | Long             | EC               | CORP              | MX        |    656458 | NS      | $1765872.02   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Sohu.com Ltd                   | Sohu.com Ltd                                    | CUSIP: 83410S108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    406954 | NS      | $6360691.02   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| EL5-ENERO PJSC                 | EL5-ENERO PJSC                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | RU        |    755050 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Cemex SAB de CV                | Cemex SAB de CV                                 | CUSIP: 151290889<br>LEI: 549300RIG2CXWN6IV731 | Long             | EC               | CORP              | MX        |    469537 | NS      | $4221137.63   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Transneft PJSC                 | Transneft PJSC                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | RU        |    360600 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CJ Corp                        | CJ Corp                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | KR        |     28030 | NS      | $1987801.58   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Financiero Banorte SAB d | Grupo Financiero Banorte SAB de CV              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    919086 | NS      | $9230758.07   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd           | Tencent Holdings Ltd                            | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | CN        |    326500 | NS      | $27820935.13  | 3.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Sberbank of Russia PJSC        | Sberbank of Russia PJSC                         | CUSIP: 000000000<br>LEI: 549300WE6TAF5EEWQS81 | Long             | EC               | CORP              | RU        |   2058929 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Kunlun Energy Co Ltd           | Kunlun Energy Co Ltd                            | CUSIP: 000000000<br>LEI: 5299007GRIKP15GM4927 | Long             | EC               | CORP              | HK        |   3360900 | NS      | $3001874.37   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| TAL Education Group            | TAL Education Group                             | CUSIP: 874080104<br>LEI: 5493003PJZS0EC085V72 | Long             | EC               | CORP              | CN        |    600000 | NS      | $6720000.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Itau Unibanco Holding SA       | Itau Unibanco Holding SA                        | CUSIP: 465562106<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EC               | CORP              | BR        |   1271187 | NS      | $9330512.58   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Sitios Latinoamerica SAB de CV | Sitios Latinoamerica SAB de CV                  | CUSIP: 000000000<br>LEI: 984500D2C0CDC0BFDD35 | Long             | EC               | CORP              | MX        |    162815 | NS      | $36272.98     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| D-MARKET Elektronik Hizmetler  | D-MARKET Elektronik Hizmetler ve Ticaret AS     | CUSIP: 23292B104<br>LEI: 9845004CF6A069998F16 | Long             | EC               | CORP              | TR        |     15200 | NS      | $40888.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Industries Ltd        | Reliance Industries Ltd                         | CUSIP: 000000000<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |   1616212 | NS      | $24824707.13  | 3.32%             |  |  |  | No            |                  2 | On Loan: No      |
| TSMC                           | Taiwan Semiconductor Manufacturing Co Ltd       | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |   2483864 | NS      | $107893655.19 | 14.42%            |  |  |  | No            |                  2 | On Loan: No      |
| Weibo Corp                     | Weibo Corp                                      | CUSIP: 000000000<br>LEI: 549300Q9ID4640FE0422 | Long             | EC               | CORP              | CN        |     65500 | NS      | $833532.25    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| BeOne Medicines Ltd            | BeOne Medicines Ltd                             | CUSIP: 000000000<br>LEI: 549300JFUK6FRD5MH739 | Long             | EC               | CORP              | US        |    167800 | NS      | $4477439.86   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Ollamani SAB                   | Ollamani SAB                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    164114 | NS      | $491979.06    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Santander Brasil SA      | Banco Santander Brasil SA                       | CUSIP: 05967A107<br>LEI: 549300D1H731B30TSI43 | Long             | EC               | CORP              | BR        |    153366 | NS      | $857315.94    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Industries Ltd        | Reliance Industries Ltd                         | CUSIP: 759470107<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |    440657 | NS      | $26917219.98  | 3.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Cresud SACIF y A               | Cresud SACIF y A                                | CUSIP: 226406106<br>LEI: 529900OJF9C0NUFNN613 | Long             | EC               | CORP              | AR        |    294024 | NS      | $2705020.80   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd      | Alibaba Group Holding Ltd                       | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | HK        |    131300 | NS      | $23467249.00  | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                        | Vale SA                                         | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |    237148 | NS      | $2575427.28   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD Holdings Inc               | PDD Holdings Inc                                | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | IE        |    100000 | NS      | $13217000.00  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd     | Samsung Electronics Co Ltd                      | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |    671359 | NS      | $40248192.09  | 5.38%             |  |  |  | No            |                  2 | On Loan: No      |
| PETROBRAS                      | Petroleo Brasileiro SA - Petrobras              | CUSIP: 71654V101<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |    285509 | NS      | $3374716.38   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Life Insurance Co Ltd  | Samsung Life Insurance Co Ltd                   | CUSIP: 000000000<br>LEI: 988400VYE6E0WYSM4S92 | Long             | EC               | CORP              | KR        |     66026 | NS      | $7378271.15   | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung C&T Corp               | Samsung C&T Corp                                | CUSIP: 000000000<br>LEI: 988400GFRE4IDFPE9E64 | Long             | EC               | CORP              | KR        |     60000 | NS      | $7901227.87   | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Eletrobras SA                  | Centrais Eletricas Brasileiras SA               | CUSIP: 000000000<br>LEI: 254900I8KYDELP4B4Z08 | Long             | EP               | CORP              | BR        |    216779 | NS      | $2267071.10   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| iQIYI Inc                      | iQIYI Inc                                       | CUSIP: 46267X108<br>LEI: 222100XL8T2Q5B8MS302 | Long             | EC               | CORP              | CN        |     59542 | NS      | $152427.52    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| New Oriental Education & Techn | New Oriental Education & Technology Group Inc   | CUSIP: 647581206<br>LEI: 529900NHZVBZQZ8EKN29 | Long             | EC               | CORP              | CN        |     56558 | NS      | $3001533.06   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonica Brasil SA           | Telefonica Brasil SA                            | CUSIP: 87936R205<br>LEI: 529900MTGG2HSDBIWG79 | Long             | EC               | CORP              | BR        |    259915 | NS      | $3313916.25   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Meituan                        | Meituan                                         | CUSIP: 000000000<br>LEI: 21380033K525E5JLIA77 | Long             | EC               | CORP              | CN        |    224390 | NS      | $2997574.08   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Aluminium Bahrain BSC          | Aluminium Bahrain BSC                           | CUSIP: 022208102<br>LEI: 213800YLHRSLSVOHFH73 | Long             | EC               | CORP              | BH        |     91200 | NS      | $1092995.52   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Music Entertainment Gr | Tencent Music Entertainment Group               | CUSIP: 88034P109<br>LEI: 213800XTZK2GOHQTYK41 | Long             | EC               | CORP              | CN        |       159 | NS      | $3711.06      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fomento Economico Mexicano SAB | Fomento Economico Mexicano SAB de CV            | CUSIP: 344419106<br>LEI: 549300A8MDWDJNMLV153 | Long             | EC               | CORP              | MX        |     19186 | NS      | $1892315.18   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Sify Technologies Ltd          | Sify Technologies Ltd                           | CUSIP: 82655M206<br>LEI: 335800SEJMWAEEAXLR21 | Long             | EC               | CORP              | IN        |     15200 | NS      | $207632.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-24

**Name of Applicant:** Delaware VIP Trust

**Signature:** Dan Geatens

**Name of Signer:** Dan Geatens

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