# EDGAR Filing Document

**Accession Number:** 0000027574
**File Stem:** 0000940400-25-005531
**Filing Date:** 2025-10
**Character Count:** 25780
**Document Hash:** b0b6aa042da95419bcfd89699f3ca51d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-005531.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0000940400-25-005531

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250829

**FILED AS OF DATE**: 20251029

**DATE AS OF CHANGE**: 20251029

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DELAWARE GROUP EQUITY FUNDS II
- **CENTRAL INDEX KEY:** 0000027574

**ORGANIZATION NAME:**
- **EIN:** 232448660
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-00750
- **FILM NUMBER:** 251428711

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DELAWARE GROUP EQUITY FUNDS II INC
- **DATE OF NAME CHANGE:** 19970730

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DECATUR FUND INC
- **DATE OF NAME CHANGE:** 19880808

## Series and Classes Contracts Data

### Macquarie Value Fund (Series ID: S000002391)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000006333 | Class A             | DDVAX           |
| C000006335 | Class C             | DDVCX           |
| C000006336 | Institutional Class | DDVIX           |
| C000031061 | Class R             | DDVRX           |
| C000171459 | Class R6            | DDZRX           |

## Nport-Ex

Schedule of investments

Macquarie Value Fund August 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | Number of<br> shares | &nbsp;&nbsp;Value (US $) |
| &nbsp;&nbsp;**Common Stocks — 99.17%♣** | &nbsp;&nbsp;**Common Stocks — 99.17%♣** | &nbsp;&nbsp;**Common Stocks — 99.17%♣** |
| &nbsp;&nbsp;Communication Services — 10.36% | &nbsp;&nbsp;Communication Services — 10.36% | &nbsp;&nbsp;Communication Services — 10.36% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alphabet Class A | &nbsp;&nbsp;&nbsp;&nbsp;382200 | &nbsp;&nbsp;$81374202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Electronic Arts | &nbsp;&nbsp;&nbsp;&nbsp;429567 | &nbsp;&nbsp;&nbsp;&nbsp; 73864046 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Walt Disney | &nbsp;&nbsp;&nbsp;&nbsp;585890 | &nbsp;&nbsp;&nbsp;&nbsp; 69357658 |
|  |  | &nbsp;&nbsp;&nbsp; 224595906 |
| &nbsp;&nbsp;Consumer Discretionary — 8.18% | &nbsp;&nbsp;Consumer Discretionary — 8.18% | &nbsp;&nbsp;Consumer Discretionary — 8.18% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Genuine Parts | &nbsp;&nbsp;&nbsp;&nbsp;378997 | &nbsp;&nbsp;&nbsp;&nbsp; 52805652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lowe's | &nbsp;&nbsp;&nbsp;&nbsp;276606 | &nbsp;&nbsp;&nbsp;&nbsp; 71380945 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NIKE Class B | &nbsp;&nbsp;&nbsp;&nbsp;685725 | &nbsp;&nbsp;&nbsp;&nbsp; 53054543 |
|  |  | &nbsp;&nbsp;&nbsp; 177241140 |
| &nbsp;&nbsp;Consumer Staples — 4.73% | &nbsp;&nbsp;Consumer Staples — 4.73% | &nbsp;&nbsp;Consumer Staples — 4.73% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hershey | &nbsp;&nbsp;&nbsp;&nbsp;288004 | &nbsp;&nbsp;&nbsp;&nbsp; 52920735 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kenvue | 2394200 | &nbsp;&nbsp;&nbsp;&nbsp; 49583882 |
|  |  | &nbsp;&nbsp;&nbsp; 102504617 |
| &nbsp;&nbsp;Energy — 5.59% | &nbsp;&nbsp;Energy — 5.59% | &nbsp;&nbsp;Energy — 5.59% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chevron | &nbsp;&nbsp;&nbsp;&nbsp;336426 | &nbsp;&nbsp;&nbsp;&nbsp; 54030016 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exxon Mobil | &nbsp;&nbsp;&nbsp;&nbsp;586200 | &nbsp;&nbsp;&nbsp;&nbsp; 66996798 |
|  |  | &nbsp;&nbsp;&nbsp; 121026814 |
| &nbsp;&nbsp;Financials — 21.48% | &nbsp;&nbsp;Financials — 21.48% | &nbsp;&nbsp;Financials — 21.48% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allstate | &nbsp;&nbsp;&nbsp;&nbsp;296457 | &nbsp;&nbsp;&nbsp;&nbsp; 60314177 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of America | 1472200 | &nbsp;&nbsp;&nbsp;&nbsp; 74699428 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Charles Schwab | &nbsp;&nbsp;&nbsp;&nbsp;781800 | &nbsp;&nbsp;&nbsp;&nbsp; 74927712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity National Information Services | &nbsp;&nbsp;&nbsp;&nbsp;809524 | &nbsp;&nbsp;&nbsp;&nbsp; 56512870 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marsh & McLennan | &nbsp;&nbsp;&nbsp;&nbsp;326700 | &nbsp;&nbsp;&nbsp;&nbsp; 67238127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Travelers | &nbsp;&nbsp;&nbsp;&nbsp;229333 | &nbsp;&nbsp;&nbsp;&nbsp; 62266203 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Truist Financial | 1485764 | &nbsp;&nbsp;&nbsp;&nbsp; 69563470 |
|  |  | &nbsp;&nbsp;&nbsp; 465521987 |
| &nbsp;&nbsp;Healthcare — 12.11% | &nbsp;&nbsp;Healthcare — 12.11% | &nbsp;&nbsp;Healthcare — 12.11% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cigna Group | &nbsp;&nbsp;&nbsp;&nbsp;196901 | &nbsp;&nbsp;&nbsp;&nbsp; 59241604 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Johnson & Johnson | &nbsp;&nbsp;&nbsp;&nbsp;375284 | &nbsp;&nbsp;&nbsp;&nbsp; 66489066 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Merck & Co. | &nbsp;&nbsp;&nbsp;&nbsp;797142 | &nbsp;&nbsp;&nbsp;&nbsp; 67055585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thermo Fisher Scientific | &nbsp;&nbsp;&nbsp;&nbsp;141320 | &nbsp;&nbsp;&nbsp;&nbsp; 69631191 |
|  |  | &nbsp;&nbsp;&nbsp; 262417446 |
| &nbsp;&nbsp;Industrials — 12.25% | &nbsp;&nbsp;Industrials — 12.25% | &nbsp;&nbsp;Industrials — 12.25% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CSX | 2125800 | &nbsp;&nbsp;&nbsp;&nbsp; 69109758 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dover | &nbsp;&nbsp;&nbsp;&nbsp;370085 | &nbsp;&nbsp;&nbsp;&nbsp; 66193403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jacobs Solutions | &nbsp;&nbsp;&nbsp;&nbsp;439091 | &nbsp;&nbsp;&nbsp;&nbsp; 64208277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Northrop Grumman | &nbsp;&nbsp;&nbsp;&nbsp;111932 | &nbsp;&nbsp;&nbsp;&nbsp; 66044357 |
|  |  | &nbsp;&nbsp;&nbsp; 265555795 |

---

NQ- 456 [0825] 1025 (4881848) 1

------

Schedule of investments

Macquarie Value Fund

---

| | | |
|:---|:---|:---|
|  | Number of<br> shares | &nbsp;&nbsp;Value (US $) |
| &nbsp;&nbsp;**Common Stocks♣ (continued)** | &nbsp;&nbsp;**Common Stocks♣ (continued)** | &nbsp;&nbsp;**Common Stocks♣ (continued)** |
| &nbsp;&nbsp;Information Technology — 11.91% | &nbsp;&nbsp;Information Technology — 11.91% | &nbsp;&nbsp;Information Technology — 11.91% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Analog Devices | &nbsp;&nbsp;&nbsp;&nbsp;292993 | &nbsp;&nbsp;$73632071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CDW | &nbsp;&nbsp;&nbsp;&nbsp;314300 | &nbsp;&nbsp;&nbsp;&nbsp; 51784068 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cisco Systems | 1006493 | &nbsp;&nbsp;&nbsp;&nbsp; 69538601 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Teledyne Technologies † | &nbsp;&nbsp;&nbsp;&nbsp;117154 | &nbsp;&nbsp;&nbsp;&nbsp; 63048768 |
|  |  | &nbsp;&nbsp;&nbsp; 258003508 |
| &nbsp;&nbsp;Materials — 3.29% | &nbsp;&nbsp;Materials — 3.29% | &nbsp;&nbsp;Materials — 3.29% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DuPont de Nemours | &nbsp;&nbsp;&nbsp;&nbsp;925645 | &nbsp;&nbsp;&nbsp;&nbsp; 71200613 |
|  |  | &nbsp;&nbsp;&nbsp; 71200613 |
| &nbsp;&nbsp;Real Estate — 6.10% | &nbsp;&nbsp;Real Estate — 6.10% | &nbsp;&nbsp;Real Estate — 6.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equity Residential | &nbsp;&nbsp;&nbsp;&nbsp;946946 | &nbsp;&nbsp;&nbsp;&nbsp; 62612070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prologis | &nbsp;&nbsp;&nbsp;&nbsp;612100 | &nbsp;&nbsp;&nbsp;&nbsp; 69644738 |
|  |  | &nbsp;&nbsp;&nbsp; 132256808 |
| &nbsp;&nbsp;Utilities — 3.17% | &nbsp;&nbsp;Utilities — 3.17% | &nbsp;&nbsp;Utilities — 3.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Duke Energy | &nbsp;&nbsp;&nbsp;&nbsp;561178 | &nbsp;&nbsp;&nbsp;&nbsp; 68738693 |
|  |  | &nbsp;&nbsp;&nbsp; 68738693 |
| &nbsp;&nbsp;&nbsp;**Total Common Stocks (cost $1,610,236,806)** | &nbsp;&nbsp;&nbsp;**Total Common Stocks (cost $1,610,236,806)** | &nbsp;&nbsp;&nbsp;**2149063327** |
| &nbsp;&nbsp;**Short-Term Investments — 0.78%** | &nbsp;&nbsp;**Short-Term Investments — 0.78%** | &nbsp;&nbsp;**Short-Term Investments — 0.78%** |
| &nbsp;&nbsp;Money Market Mutual Funds — 0.78% | &nbsp;&nbsp;Money Market Mutual Funds — 0.78% | &nbsp;&nbsp;Money Market Mutual Funds — 0.78% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.18%) | 4209984 | &nbsp;&nbsp;&nbsp;&nbsp; 4209984 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.21%) | 4209984 | &nbsp;&nbsp;&nbsp;&nbsp; 4209984 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 4.26%) | 4209984 | &nbsp;&nbsp;&nbsp;&nbsp; 4209984 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 4.19%) | 4209984 | &nbsp;&nbsp;&nbsp;&nbsp; 4209984 |
| &nbsp;&nbsp;&nbsp;**Total Short-Term Investments (cost $16,839,936)** | &nbsp;&nbsp;&nbsp;**Total Short-Term Investments (cost $16,839,936)** | &nbsp;&nbsp;&nbsp; **16839936** |
| &nbsp;&nbsp;&nbsp;**Total Value of Securities—99.95%<br> (cost $1,627,076,742)** |  | &nbsp;&nbsp;&nbsp;&nbsp;**2165903263** |
| &nbsp;&nbsp;&nbsp;**Receivables and Other Assets Net of Liabilities—0.05%** |  | &nbsp;&nbsp;&nbsp;&nbsp; **1083498** |
| &nbsp;&nbsp;&nbsp;**Net Assets Applicable to 149,229,015 Shares Outstanding—100.00%** |  | &nbsp;&nbsp;**$2166986761** |

---

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

2 NQ- 456 [0825] 1025 (4881848)

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-00750

- **c. CIK number of Registrant:** 0000027574

- **d. LEI of Registrant:** 549300FTAGX54JE01M96

- **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 Value Fund

- **b. EDGAR series identifier (if any):** S000002391

- **c. LEI of Series:** 549300VHTWY6NEMPX721

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2177566184.78

**Total Liabilities:** $5383923.45

**Net Assets:** $2172182261.33

**Cash Not Reported:** $2653.38

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000006333 | 2.59%                | 1.23%                | 3.64%                |
| Class ID C000006335 | 2.60%                | 1.15%                | 3.56%                |
| Class ID C000006336 | 2.65%                | 1.23%                | 3.71%                |
| Class ID C000031061 | 2.60%                | 1.16%                | 3.64%                |
| Class ID C000171459 | 2.64%                | 1.30%                | 3.64%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $6964335.21              | $46268597.47                               |
| Month 2  | $-24664996.93            | $50911599.27                               |
| Month 3  | $2590755.66              | $70953513.88                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Analog Devices Inc                             | Analog Devices Inc                             | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |    292993 | NS      | $73632070.83  | 3.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Financial Square Government Fund | Goldman Sachs Financial Square Government Fund | CUSIP: 38141W273<br>LEI: 549300BRJMXN4GUWZ402 | Long             | STIV             | RF                | US        |   4209984 | NS      | $4209984.03   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co                               | Genuine Parts Co                               | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |    378997 | NS      | $52805652.01  | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc                            | Electronic Arts Inc                            | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |    429567 | NS      | $73864045.65  | 3.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                              | Cisco Systems Inc                              | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |   1006493 | NS      | $69538601.37  | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                     | MSILF Government Portfolio                     | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |   4209984 | NS      | $4209983.99   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                                   | Chevron Corp                                   | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    336426 | NS      | $54030015.60  | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp                          | Truist Financial Corp                          | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |   1519231 | NS      | $71130395.42  | 3.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos Inc                                 | Lowe's Cos Inc                                 | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |    276606 | NS      | $71380944.36  | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc                   | Thermo Fisher Scientific Inc                   | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |    141320 | NS      | $69631190.40  | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                                       | NIKE Inc                                       | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |    685725 | NS      | $53054543.25  | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Jacobs Solutions Inc                           | Jacobs Solutions Inc                           | CUSIP: 46982L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    439091 | NS      | $64208276.93  | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                             | Equity Residential                             | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |    946946 | NS      | $62612069.52  | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                             | Walt Disney Co/The                             | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |    585890 | NS      | $69357658.20  | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Group/The                                | Cigna Group/The                                | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |    196901 | NS      | $59241603.87  | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity FedFund                    | BlackRock Liquidity FedFund                    | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |   4209984 | NS      | $4209984.03   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Government Portfolio                  | Fidelity Government Portfolio                  | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |   4209984 | NS      | $4209984.03   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos Inc/The                          | Travelers Cos Inc/The                          | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |    229333 | NS      | $62266202.83  | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                              | Johnson & Johnson                              | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |    375284 | NS      | $66489066.28  | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                               | Duke Energy Corp                               | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |    561178 | NS      | $68738693.22  | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp/DE                                    | CDW Corp/DE                                    | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |    314300 | NS      | $51784068.00  | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp/The                              | Allstate Corp/The                              | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |    296457 | NS      | $60314176.65  | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co/The                                 | Hershey Co/The                                 | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |    288004 | NS      | $52920735.00  | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc                      | Teledyne Technologies Inc                      | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |    117154 | NS      | $63048768.18  | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                                       | CSX Corp                                       | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |   2125800 | NS      | $69109758.00  | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                               | Exxon Mobil Corp                               | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    586200 | NS      | $66996798.00  | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| DuPont de Nemours Inc                          | DuPont de Nemours Inc                          | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |    954431 | NS      | $73414832.52  | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The                        | Charles Schwab Corp/The                        | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |    781800 | NS      | $74927712.00  | 3.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                                   | Prologis Inc                                   | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |    612100 | NS      | $69644738.00  | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                                 | Merck & Co Inc                                 | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    797142 | NS      | $67055585.04  | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Dover Corp                                     | Dover Corp                                     | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |    370085 | NS      | $66193403.10  | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp                          | Northrop Grumman Corp                          | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |    111932 | NS      | $66044357.28  | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information                  | Fidelity National Information Services Inc     | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |    809524 | NS      | $56512870.44  | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                   | Alphabet Inc                                   | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    382200 | NS      | $81374202.00  | 3.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                           | Bank of America Corp                           | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |   1472200 | NS      | $74699428.00  | 3.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc                       | Marsh & McLennan Cos Inc                       | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |    326700 | NS      | $67238127.00  | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue Inc                                     | Kenvue Inc                                     | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |   2394200 | NS      | $49583882.00  | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** Dan Geatens

**Name of Signer:** Dan Geatens

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