# EDGAR Filing Document

**Accession Number:** 0000230173
**File Stem:** 0001752724-23-043134
**Filing Date:** 2023-2
**Character Count:** 75264
**Document Hash:** e89b45b5659a02588e557b114d75f2ee
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-043134.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-043134

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DELAWARE GROUP CASH RESERVE
- **CENTRAL INDEX KEY:** 0000230173
- **IRS NUMBER:** 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:** 23674086

**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

### Delaware Investments Ultrashort Fund (Series ID: S000003913)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000010967 | CLASS C             | DLTCX           |
| C000010968 | CLASS A             | DLTAX           |
| C000010969 | Class L             | DLTLX           |
| C000162386 | Institutional Class | DULTX           |

## Nport-Ex

Schedule of investments

Delaware Investments Ultrashort Fund December 31, 2022 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | Principal<br> amount<sup>°</sup> | &nbsp;&nbsp;Value (US $) |
| &nbsp;&nbsp;**Agency Collateralized Mortgage Obligations — 0.29%** | &nbsp;&nbsp;**Agency Collateralized Mortgage Obligations — 0.29%** | &nbsp;&nbsp;**Agency Collateralized Mortgage Obligations — 0.29%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Freddie Mac Structured Agency Credit Risk REMIC Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-HQA1 M1 144A 4.628% (SOFR + 0.70%) 8/25/33 #, • | &nbsp;&nbsp;&nbsp;&nbsp;56160 | &nbsp;&nbsp;$55854 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-HQA2 M1 144A 4.628% (SOFR + 0.70%) 12/25/33 #, • | &nbsp;&nbsp;&nbsp;&nbsp;422028 | &nbsp;&nbsp;&nbsp;&nbsp; 418699 |
| &nbsp;&nbsp;&nbsp;**Total Agency Collateralized Mortgage Obligations (cost $478,188)** | &nbsp;&nbsp;&nbsp;**Total Agency Collateralized Mortgage Obligations (cost $478,188)** | &nbsp;&nbsp;&nbsp; **474553** |
| &nbsp;&nbsp;**Agency Commercial Mortgage-Backed Securities — 1.34%** | &nbsp;&nbsp;**Agency Commercial Mortgage-Backed Securities — 1.34%** | &nbsp;&nbsp;**Agency Commercial Mortgage-Backed Securities — 1.34%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FREMF Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2017-K724 B 144A 3.498% 12/25/49 #, • | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1464912 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2017-K729 B 144A 3.673% 11/25/49 # | &nbsp;&nbsp;&nbsp;&nbsp;750000 | &nbsp;&nbsp;&nbsp;&nbsp; 715590 |
| &nbsp;&nbsp;&nbsp;**Total Agency Commercial Mortgage-Backed Securities (cost $2,218,220)** | &nbsp;&nbsp;&nbsp;**Total Agency Commercial Mortgage-Backed Securities (cost $2,218,220)** | &nbsp;&nbsp;&nbsp; **2180502** |
| &nbsp;&nbsp;**Collateralized Debt Obligations — 0.66%** | &nbsp;&nbsp;**Collateralized Debt Obligations — 0.66%** | &nbsp;&nbsp;**Collateralized Debt Obligations — 0.66%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ares LVIII CLO Series 2020-58A XR 144A 4.614% (SOFR + 0.75%, Floor 0.75%) 1/15/35 #, • | &nbsp;&nbsp;&nbsp;&nbsp;571428 | &nbsp;&nbsp;&nbsp;&nbsp; 571390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Symphony Series 2020-24A X 144A 5.125% (LIBOR03M + 0.80%, Floor 0.80%) 1/23/32 #, • | &nbsp;&nbsp;&nbsp;&nbsp;500000 | &nbsp;&nbsp;&nbsp;&nbsp; 499853 |
| &nbsp;&nbsp;&nbsp;**Total Collateralized Debt Obligations (cost $1,071,428)** | &nbsp;&nbsp;&nbsp;**Total Collateralized Debt Obligations (cost $1,071,428)** | &nbsp;&nbsp;&nbsp; **1071243** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Corporate Bonds — 12.37%** | &nbsp;&nbsp;**Corporate Bonds — 12.37%** | &nbsp;&nbsp;**Corporate Bonds — 12.37%** |
| &nbsp;&nbsp;Banking — 2.61% | &nbsp;&nbsp;Banking — 2.61% | &nbsp;&nbsp;Banking — 2.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fifth Third Bancorp 1.625% 5/5/23 | 1500000 | &nbsp;&nbsp; 1483631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Group 6.334% (LIBOR03M + 1.60%) 11/29/23 • | 1250000 | &nbsp;&nbsp; 1259720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Truist Bank 5.009% (SOFR + 0.73%) 3/9/23 • | 1500000 | &nbsp;&nbsp; 1500528 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;4243879 |
| &nbsp;&nbsp;Capital Goods — 0.61% | &nbsp;&nbsp;Capital Goods — 0.61% | &nbsp;&nbsp;Capital Goods — 0.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Teledyne Technologies 0.65% 4/1/23 | 1000000 | &nbsp;&nbsp; 987956 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;987956 |
| &nbsp;&nbsp;Communications — 0.78% | &nbsp;&nbsp;Communications — 0.78% | &nbsp;&nbsp;Communications — 0.78% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Verizon Communications 5.706% (LIBOR03M + 1.10%) 5/15/25 • | 1250000 | &nbsp;&nbsp; 1260572 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1260572 |

---

NQ-097 [12/22] 2/23 (2740526) 1

------

Schedule of investments

Delaware Investments Ultrashort Fund (Unaudited)

---

| | | |
|:---|:---|:---|
|  | Principalamount<sup>°</sup> | &nbsp;&nbsp;Value (US $) |
| &nbsp;&nbsp;**Corporate Bonds (continued)** | &nbsp;&nbsp;**Corporate Bonds (continued)** | &nbsp;&nbsp;**Corporate Bonds (continued)** |
| &nbsp;&nbsp;Consumer Cyclical — 1.68% | &nbsp;&nbsp;Consumer Cyclical — 1.68% | &nbsp;&nbsp;Consumer Cyclical — 1.68% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7-Eleven 144A 0.625% 2/10/23 # | 1500000 | &nbsp;&nbsp;$1492375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General Motors Financial 5.033% (SOFR + 0.76%) 3/8/24 • | 1250000 | &nbsp;&nbsp;&nbsp;&nbsp; 1232110 |
|  |  | &nbsp;&nbsp;&nbsp; 2724485 |
| &nbsp;&nbsp;Electric — 0.92% | &nbsp;&nbsp;Electric — 0.92% | &nbsp;&nbsp;Electric — 0.92% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Southern California Edison 0.70% 4/3/23 | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1484974 |
|  |  | &nbsp;&nbsp;&nbsp; 1484974 |
| &nbsp;&nbsp;Energy — 1.52% | &nbsp;&nbsp;Energy — 1.52% | &nbsp;&nbsp;Energy — 1.52% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chevron 1.141% 5/11/23 | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1480775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pioneer Natural Resources 0.55% 5/15/23 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 983679 |
|  |  | &nbsp;&nbsp;&nbsp; 2464454 |
| &nbsp;&nbsp;Insurance — 1.66% | &nbsp;&nbsp;Insurance — 1.66% | &nbsp;&nbsp;Insurance — 1.66% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Athene Global Funding 144A 4.898% (SOFR + 0.70%) 5/24/24 # | 1490000 | &nbsp;&nbsp;&nbsp;&nbsp; 1464318 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brighthouse Financial Global Funding 144A 4.499% (SOFR + 0.76%) 4/12/24 # | 1250000 | &nbsp;&nbsp;&nbsp;&nbsp; 1238257 |
|  |  | &nbsp;&nbsp;&nbsp; 2702575 |
| &nbsp;&nbsp;Natural Gas — 0.61% | &nbsp;&nbsp;Natural Gas — 0.61% | &nbsp;&nbsp;Natural Gas — 0.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Atmos Energy 0.625% 3/9/23 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 992717 |
|  |  | &nbsp;&nbsp;&nbsp; 992717 |
| &nbsp;&nbsp;Real Estate Investment Trusts — 0.77% | &nbsp;&nbsp;Real Estate Investment Trusts — 0.77% | &nbsp;&nbsp;Real Estate Investment Trusts — 0.77% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Public Storage 4.363% (SOFR + 0.47%) 4/23/24 • | 1250000 | &nbsp;&nbsp;&nbsp;&nbsp; 1241404 |
|  |  | &nbsp;&nbsp;&nbsp; 1241404 |
| &nbsp;&nbsp;Technology — 1.21% | &nbsp;&nbsp;Technology — 1.21% | &nbsp;&nbsp;Technology — 1.21% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Apple 0.75% 5/11/23 | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1971477 |
|  |  | &nbsp;&nbsp;&nbsp; 1971477 |
| &nbsp;&nbsp;&nbsp;**Total Corporate Bonds (cost $20,219,416)** | &nbsp;&nbsp;&nbsp;**Total Corporate Bonds (cost $20,219,416)** | &nbsp;&nbsp;&nbsp; **20074493** |
| &nbsp;&nbsp;**Non-Agency Asset-Backed Securities — 20.35%** | &nbsp;&nbsp;**Non-Agency Asset-Backed Securities — 20.35%** | &nbsp;&nbsp;**Non-Agency Asset-Backed Securities — 20.35%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Avis Budget Rental Car Funding AESOP Series 2019-2A A 144A 3.35% 9/22/25 # | &nbsp;&nbsp;&nbsp;&nbsp;300000 | &nbsp;&nbsp;&nbsp;&nbsp; 289854 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BMW Vehicle Lease Trust Series 2022-1 A3 1.10% 3/25/25 | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1934879 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CARDS II Trust Series 2021-1A A 144A 0.602% 4/15/27 # | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1886023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CarMax Auto Owner Trust Series 2021-2 A3 0.52% 2/17/26 | 2889713 | &nbsp;&nbsp;&nbsp;&nbsp; 2780794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dell Equipment Finance Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-2 A2 144A 0.33% 12/22/26 # | &nbsp;&nbsp;&nbsp;&nbsp;687157 | &nbsp;&nbsp;&nbsp;&nbsp; 678934 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2022-1 A2 144A 2.11% 8/23/27 # | &nbsp;&nbsp;&nbsp;&nbsp;891358 | &nbsp;&nbsp;&nbsp;&nbsp; 879540 |

---

2 NQ-097 [12/22] 2/23 (2740526)

------

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | 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;Dryden 83Series 2020-83A X 144A 4.944% (LIBOR03M + 0.75%, Floor 0.75%) 1/18/32 #, • | 1000000 | &nbsp;&nbsp;$999718 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Enterprise Fleet Financing |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-2 A2 0.61% 7/20/26 | &nbsp;&nbsp;&nbsp;&nbsp;989365 | &nbsp;&nbsp;&nbsp;&nbsp; 963963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-3 A2 0.77% 8/20/27 | &nbsp;&nbsp;&nbsp;&nbsp;785130 | &nbsp;&nbsp;&nbsp;&nbsp; 749560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2022-4 A2 144A 5.76% 10/22/29 # | 1250000 | &nbsp;&nbsp;&nbsp;&nbsp; 1255706 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ford Credit Auto Lease Trust Series 2020-B C 1.70% 2/15/25 | &nbsp;&nbsp;&nbsp;&nbsp;956112 | &nbsp;&nbsp;&nbsp;&nbsp; 955208 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ford Credit Auto Owner Trust Series 2020-B A4 0.79% 11/15/25 | 3055000 | &nbsp;&nbsp;&nbsp;&nbsp; 2935706 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GMF Floorplan Owner Revolving Trust Series 2020-1 A 144A 0.68% 8/15/25 # | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1941971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Honda Auto Receivables Owner Trust Series 2021-1 A3 0.27% 4/21/25 | 1051864 | &nbsp;&nbsp;&nbsp;&nbsp; 1017473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hyundai Auto Lease Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-B B 144A 0.81% 10/15/24 # | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 990352 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-A B 144A 0.61% 10/15/25 # | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1462690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hyundai Auto Receivables Trust Series 2022-A A2A 1.81% 2/18/25 | 1450321 | &nbsp;&nbsp;&nbsp;&nbsp; 1431248 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;John Deere Owner Trust 2022Series 2022-A A2 1.90% 11/15/24 | 1460675 | &nbsp;&nbsp;&nbsp;&nbsp; 1444666 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JPMorgan Chase Bank Series 2020-2 B 144A 0.84% 2/25/28 # | &nbsp;&nbsp;&nbsp;&nbsp;469634 | &nbsp;&nbsp;&nbsp;&nbsp; 458516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Master Credit Card Trust Series 2021-1A A 144A 0.53% 11/21/25 # | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1408708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Master Credit Card Trust II Series 2020-1A A 144A 1.99% 9/21/24 # | 1300000 | &nbsp;&nbsp;&nbsp;&nbsp; 1292007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nissan Auto Lease Trust Series 2021-A A3 0.52% 8/15/24 | 1250000 | &nbsp;&nbsp;&nbsp;&nbsp; 1221092 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OCCU Auto Receivables Trust Series 2022-1A A1 144A 4.12% 10/15/23 # | 1151340 | &nbsp;&nbsp;&nbsp;&nbsp; 1150918 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tesla Auto Lease Trust Series 2021-B A2 0.36% 9/22/25 | 1224803 | &nbsp;&nbsp;&nbsp;&nbsp; 1196738 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Verizon Owner Trust Series 2020-A B 1.98% 7/22/24 | 1240000 | &nbsp;&nbsp;&nbsp;&nbsp; 1228172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Volkswagen Auto Lease Trust Series 2020-A A4 0.45% 7/21/25 | &nbsp;&nbsp;&nbsp;&nbsp;500000 | &nbsp;&nbsp;&nbsp;&nbsp; 492057 |
| &nbsp;&nbsp;&nbsp;**Total Non-Agency Asset-Backed Securities (cost $33,351,773)** | &nbsp;&nbsp;&nbsp;**Total Non-Agency Asset-Backed Securities (cost $33,351,773)** | &nbsp;&nbsp;&nbsp; **33046493** |
| &nbsp;&nbsp;**Non-Agency Commercial Mortgage-Backed Securities — 2.03%** | &nbsp;&nbsp;**Non-Agency Commercial Mortgage-Backed Securities — 2.03%** | &nbsp;&nbsp;**Non-Agency Commercial Mortgage-Backed Securities — 2.03%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FREMF Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-K34 B 144A 3.727% 9/25/46 #, • | 2430000 | &nbsp;&nbsp;&nbsp;&nbsp; 2392478 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-K35 C 144A 3.932% 12/25/46 #, • | &nbsp;&nbsp;&nbsp;&nbsp;910000 | &nbsp;&nbsp;&nbsp;&nbsp; 895845 |
| &nbsp;&nbsp;&nbsp;**Total Non-Agency Commercial Mortgage-Backed Securities (cost $3,319,137)** | &nbsp;&nbsp;&nbsp;**Total Non-Agency Commercial Mortgage-Backed Securities (cost $3,319,137)** | &nbsp;&nbsp;&nbsp; **3288323** |

---

NQ-097 [12/22] 2/23 (2740526) 3

------

Schedule of investments

Delaware Investments Ultrashort Fund (Unaudited)

---

| | | |
|:---|:---|:---|
|  | Principalamount<sup>°</sup> | &nbsp;&nbsp;Value (US $) |
| &nbsp;&nbsp;**Commercial Paper — 54.37%** | &nbsp;&nbsp;**Commercial Paper — 54.37%** | &nbsp;&nbsp;**Commercial Paper — 54.37%** |
| &nbsp;&nbsp;Brokerage — 4.22% | &nbsp;&nbsp;Brokerage — 4.22% | &nbsp;&nbsp;Brokerage — 4.22% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BOFA Securities 4.661% 4/17/23 | 1500000 | &nbsp;&nbsp;$1478747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citigroup Global Markets |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.778% 8/5/23 | &nbsp;&nbsp;&nbsp;&nbsp;300000 | &nbsp;&nbsp;&nbsp;&nbsp; 294783 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.502% 8/1/23 | 1170000 | &nbsp;&nbsp;&nbsp;&nbsp; 1133799 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lloyds Bank 4.199% 4/10/23 | 4000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3948030 |
|  |  | &nbsp;&nbsp;&nbsp; 6855359 |
| &nbsp;&nbsp;Communications — 0.61% | &nbsp;&nbsp;Communications — 0.61% | &nbsp;&nbsp;Communications — 0.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Comcast 4.653% 1/24/23 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 996754 |
|  |  | &nbsp;&nbsp;&nbsp; 996754 |
| &nbsp;&nbsp;Consumer Cyclical — 2.14% | &nbsp;&nbsp;Consumer Cyclical — 2.14% | &nbsp;&nbsp;Consumer Cyclical — 2.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Honda Finance 4.669% 1/23/23 | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1495318 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Toyota Motor Credit |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.136% 3/2/23 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 992333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.857% 3/29/23 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 988749 |
|  |  | &nbsp;&nbsp;&nbsp; 3476400 |
| &nbsp;&nbsp;Energy — 1.23% | &nbsp;&nbsp;Energy — 1.23% | &nbsp;&nbsp;Energy — 1.23% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BP Capital Markets 4.93% 2/14/23 | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1988367 |
|  |  | &nbsp;&nbsp;&nbsp; 1988367 |
| &nbsp;&nbsp;Financials — 43.79% | &nbsp;&nbsp;Financials — 43.79% | &nbsp;&nbsp;Financials — 43.79% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of Montreal |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.312% 4/4/23 | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1482009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.213% 7/12/23 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 973530 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.741% 1/4/23 | 3250000 | &nbsp;&nbsp;&nbsp;&nbsp; 3248055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of Nova Scotia 5.086% 7/11/23 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 973286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bayerische Landesbk Giro 3.316% 1/17/23 | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1995652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BPCE 5.378% 7/18/23 | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1457700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Credit Agricole Cib (New York) 5.303% 7/21/23 | 1550000 | &nbsp;&nbsp;&nbsp;&nbsp; 1507610 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Credit Suisse (Ny Branch) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.264% 1/12/23 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 998285 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.544% 2/6/23 | &nbsp;&nbsp;&nbsp;&nbsp;500000 | &nbsp;&nbsp;&nbsp;&nbsp; 497360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Export Development Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.12% 3/13/23 | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1486179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.17% 3/2/23 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 992188 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.316% 2/21/23 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 993413 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs International 2.491% 2/13/23 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 994444 |

---

4 NQ-097 [12/22] 2/23 (2740526)

------

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | Principalamount<sup>°</sup> | &nbsp;&nbsp;Value (US $) |
| &nbsp;&nbsp;**Commercial Paper (continued)** | &nbsp;&nbsp;**Commercial Paper (continued)** | &nbsp;&nbsp;**Commercial Paper (continued)** |
| &nbsp;&nbsp;Financials (continued) | &nbsp;&nbsp;Financials (continued) | &nbsp;&nbsp;Financials (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HSBC USA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.315% 2/13/23 | &nbsp;&nbsp;&nbsp;&nbsp;250000 | &nbsp;&nbsp;$248592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.389% 1/11/23 | 1250000 | &nbsp;&nbsp;&nbsp;&nbsp; 1248185 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.118% 3/17/23 | 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2474889 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.729% 6/14/23 | 2363000 | &nbsp;&nbsp;&nbsp;&nbsp; 2308443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JP Morgan Securities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.396% 4/6/23 | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1974969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.465% 6/16/23 | 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2443568 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.098% 5/8/23 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 983044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lloyds Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.67% 3/22/23 | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1484222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.403% 4/20/23 | 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2463755 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.203% 5/30/23 | 2350000 | &nbsp;&nbsp;&nbsp;&nbsp; 2302361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.569% 7/31/23 | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1455785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Natixis (New York Branch) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.604% 2/6/23 | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1493184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.885% 3/13/23 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 990962 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.145% 3/14/23 | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1981627 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.35% 9/1/23 | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1447315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Royal Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.475% 2/10/23 | 1100000 | &nbsp;&nbsp;&nbsp;&nbsp; 1094362 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.144% 7/5/23 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 974589 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.198% 5/1/23 | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1476159 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Royal Bank Of Canada 4.605% 4/11/23 | 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2466949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Societe Generale |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.551% 1/23/23 | 1050000 | &nbsp;&nbsp;&nbsp;&nbsp; 1046989 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.379% 7/17/23 | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1458915 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.555% 8/9/23 | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1453870 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.798% 1/4/23 | 2250000 | &nbsp;&nbsp;&nbsp;&nbsp; 2248654 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Svenska Handelsbanken 3.624% 2/14/23 | &nbsp;&nbsp;&nbsp;&nbsp;250000 | &nbsp;&nbsp;&nbsp;&nbsp; 248617 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Toronto-Dominion |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.33% 3/2/23 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 992484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.139% 5/2/23 | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1968041 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.304% 7/17/23 | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1945065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.613% 8/23/23 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 967045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Toyota Industries Commercial Finan |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.252% 1/10/23 | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1498025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.273% 1/18/23 | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1496580 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.024% 7/20/23 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 972118 |

---

NQ-097 [12/22] 2/23 (2740526) 5

------

Schedule of investments

Delaware Investments Ultrashort Fund (Unaudited)

---

| | | |
|:---|:---|:---|
|  | Principalamount<sup>°</sup> | &nbsp;&nbsp;Value (US $) |
| &nbsp;&nbsp;**Commercial Paper (continued)** | &nbsp;&nbsp;**Commercial Paper (continued)** | &nbsp;&nbsp;**Commercial Paper (continued)** |
| &nbsp;&nbsp;Financials (continued) | &nbsp;&nbsp;Financials (continued) | &nbsp;&nbsp;Financials (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Westpac Banking |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.605% 4/11/23 | 1500000 | &nbsp;&nbsp;$1480956 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.69% 9/13/23 | 1250000 | &nbsp;&nbsp;&nbsp;&nbsp; 1205605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.182% 6/29/23 | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1462684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Westpac Securities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.221% 1/9/23 | &nbsp;&nbsp;&nbsp;&nbsp;750000 | &nbsp;&nbsp;&nbsp;&nbsp; 749102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.536% 2/1/23 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 996054 |
|  |  | &nbsp;&nbsp;&nbsp; 71103475 |
| &nbsp;&nbsp;Insurance — 0.95% | &nbsp;&nbsp;Insurance — 0.95% | &nbsp;&nbsp;Insurance — 0.95% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allianz Finance 3.252% 1/23/23 | 1550000 | &nbsp;&nbsp;&nbsp;&nbsp; 1545534 |
|  |  | &nbsp;&nbsp;&nbsp; 1545534 |
| &nbsp;&nbsp;Natural Gas — 1.43% | &nbsp;&nbsp;Natural Gas — 1.43% | &nbsp;&nbsp;Natural Gas — 1.43% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wisconsin Gas 4.607% 1/10/23 | 2320000 | &nbsp;&nbsp;&nbsp;&nbsp; 2316862 |
|  |  | &nbsp;&nbsp;&nbsp; 2316862 |
| &nbsp;&nbsp;&nbsp;**Total Commercial Paper (cost $88,328,832)** | &nbsp;&nbsp;&nbsp;**Total Commercial Paper (cost $88,328,832)** | &nbsp;&nbsp;&nbsp; **88282751** |
| &nbsp;&nbsp;**Short-Term Investments — 6.94%** | &nbsp;&nbsp;**Short-Term Investments — 6.94%** | &nbsp;&nbsp;**Short-Term Investments — 6.94%** |

---

---

| | | |
|:---|:---|:---|
|  | Number of<br> shares |  |
| &nbsp;&nbsp;U.S. Treasury Bills — 6.94% | &nbsp;&nbsp;U.S. Treasury Bills — 6.94% | &nbsp;&nbsp;U.S. Treasury Bills — 6.94% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United States Treasury Bill | 3000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2933662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United States Treasury Bill- When Issued | 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2457724 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United States Treasury Bill- When Issued | 6000000 | &nbsp;&nbsp;&nbsp;&nbsp; 5879183 |
| &nbsp;&nbsp;&nbsp;**Total Short-Term Investments (cost $11,265,461)** | &nbsp;&nbsp;&nbsp;**Total Short-Term Investments (cost $11,265,461)** | &nbsp;&nbsp;&nbsp; **11270569** |
| &nbsp;&nbsp;&nbsp;**Total Value of Securities—98.35%<br> (cost $160,252,455)** |  | &nbsp;&nbsp;&nbsp;&nbsp;**159688927** |
| &nbsp;&nbsp;&nbsp;**Receivables and Other Assets Net of Liabilities—1.65%** |  | &nbsp;&nbsp;&nbsp;&nbsp; **2675618** |
| &nbsp;&nbsp;&nbsp;**Net Assets Applicable to 16,404,559 Shares Outstanding—100.00%** |  | &nbsp;&nbsp;**$162364545** |

---

---

| | |
|:---|:---|
| <sup>°</sup> | Principal amount shown is stated in USD unless noted that the security is denominated in another currency. |
| <sup>#</sup> | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At December 31, 2022, the aggregate value of Rule 144A securities was $25,904,508, which represents 15.95% of the Fund's net assets. |

---

6 NQ-097 [12/22] 2/23 (2740526)

------

(Unaudited)

• Variable rate investment. Rates reset periodically. Rate shown reflects the rate in effect at December 31, 2022. 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. LIBOR03M, LIBOR06M, 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.

---

| |
|:---|
| **Summary of abbreviations:** |
| CLO – Collateralized Loan Obligation |
| FREMF – Freddie Mac Multifamily |
| ICE – Intercontinental Exchange, Inc. |
| LIBOR – London Interbank Offered Rate |
| LIBOR03M – ICE LIBOR USD 3 Month |
| LIBOR06M – ICE LIBOR USD 6 Month |
| REMIC – Real Estate Mortgage Investment Conduit |
| SOFR – Secured Overnight Financing Rate |

---

NQ-097 [12/22] 2/23 (2740526) 7

## 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:** Delaware Investments 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:** 2023-03-31

- **b. Date as of which information is reported:** 2022-12-30

**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:** $161831574.31

**Total Liabilities:** $1512943.68

**Net Assets:** $160318630.63

**Cash Not Reported:** $1312727.88

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 2510.77333000 | **1-Year:** 3338.86522000 | **5-Year:** 360.09337000 | **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 C000010968 | 0.03%                | 0.37%                | 0.50%                |
| Class ID C000162386 | 0.03%                | 0.37%                | 0.40%                |
| Class ID C000010967 | 0.03%                | 0.37%                | 0.50%                |
| Class ID C000010969 | 0.13%                | 0.37%                | 0.40%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-13188.49               | $-198688.51                                |
| Month 2  | $-4704.83                | $160294.37                                 |
| Month 3  | $11390.65                | $202278.10                                 |

### Schedule of Portfolio Investments

| Name                                            | Title                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Enterprise Fleet Financing LLC                  | Enterprise Fleet Financing 2021-3 LLC           | CUSIP: 29373MAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    785129 | PA      | $749560.41    | 0.47%             | 2027-08-20      | Fixed         | 0.77%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTL 0% CP 13/02/2023             | GOLDMAN SACHS INTL 0% CP 13/02/2023             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $994443.80    | 0.62%             | 2023-02-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CARDS II Trust                                  | CARDS II Trust                                  | CUSIP: 14161GBY5<br>LEI: 549300GWPYLNK6X47W76 | Long             | ABS-O            | CORP              | CA        |   2000000 | PA      | $1886022.80   | 1.18%             | 2027-04-15      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp                        | Toyota Motor Credit Corp                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $988748.90    | 0.62%             | 2023-03-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                    | Dell Equipment Finance Trust 2021-2             | CUSIP: 24702VAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    687157 | PA      | $678933.93    | 0.42%             | 2026-12-22      | Fixed         | 0.33%                 | No            |                  2 | On Loan: No      |
| WESTPAC BKG CORP 0% CP 11/04/2023               | WESTPAC BKG CORP 0% CP 11/04/2023               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1480955.70   | 0.92%             | 2023-04-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BANK AMER SECS INC 0% CP 17/04/2023             | BANK AMER SECS INC 0% CP 17/04/2023             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1478746.50   | 0.92%             | 2023-04-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HSBC USA INC                                    | HSBC USA INC                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2363000 | PA      | $2308443.53   | 1.44%             | 2023-06-14      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                             | Freddie Mac STACR REMIC Trust 2021-HQA1         | CUSIP: 35564KBK4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     56160 | PA      | $55853.71     | 0.03%             | 2033-08-25      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                                | Symphony CLO XXIV Ltd                           | CUSIP: 87167QAA6<br>LEI: 5493007X3UVVYJ005O73 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $499852.50    | 0.31%             | 2032-01-23      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| JPMorgan Securities LLC 0% CP 16/06/2023        | JPMorgan Securities LLC 0% CP 16/06/2023        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2443568.25   | 1.52%             | 2023-06-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NATIXIS DISC COML PAPER 0% CP 14/03/2023        | NATIXIS DISC COML PAPER 0% CP 14/03/2023        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1981627.40   | 1.24%             | 2023-03-14      | None          | 0.00%                 | 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        |   1250000 | PA      | $1255706.25   | 0.78%             | 2029-10-22      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE SA                             | SOCIETE GENERALE SA                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1453870.20   | 0.91%             | 2023-08-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NATL SEC CLEARING CORP 0% CP 10/04/2023         | NATL SEC CLEARING CORP 0% CP 10/04/2023         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3948030.00   | 2.46%             | 2023-04-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| 7-ELEVEN INC                                    | 7-Eleven Inc                                    | CUSIP: 817826AA8<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1492375.20   | 0.93%             | 2023-02-10      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| ROYAL BK CDA N Y BRH 0% CP 10/02/2023           | ROYAL BK CDA N Y BRH 0% CP 10/02/2023           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1094362.28   | 0.68%             | 2023-02-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL BK CDA N Y BRH 0% CP 30/05/2023        | NATIONAL BK CDA N Y BRH 0% CP 30/05/2023        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2350000 | PA      | $2302361.51   | 1.44%             | 2023-05-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BRIGHTHSE FIN GLBL FUND                         | Brighthouse Financial Global Funding            | CUSIP: 10921U2B3<br>LEI: 549300BLFX3KJ2IFOA78 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1238256.75   | 0.77%             | 2024-04-12      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| TOYOTA INDS COML FIN 144A 0% CP 20/07/2023      | TOYOTA INDS COML FIN 144A 0% CP 20/07/2023      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $972118.40    | 0.61%             | 2023-07-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| EXPORT DEV CORP 0% CP 02/03/2023                | EXPORT DEV CORP 0% CP 02/03/2023                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $992188.00    | 0.62%             | 2023-03-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                  | Enterprise Fleet Financing 2020-2 LLC           | CUSIP: 29375MAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    989364 | PA      | $963963.42    | 0.60%             | 2026-07-20      | Fixed         | 0.61%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN 0% CP 14/02/2023          | SVENSKA HANDELSBANKEN 0% CP 14/02/2023          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $248617.45    | 0.16%             | 2023-02-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WESTPAC SECS NZ LTD 0% CP 09/01/2023            | WESTPAC SECS NZ LTD 0% CP 09/01/2023            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $749102.10    | 0.47%             | 2023-01-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Master Credit Card Trust                        | Master Credit Card Trust                        | CUSIP: 576339CJ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | CA        |   1500000 | PA      | $1408707.75   | 0.88%             | 2025-11-21      | Fixed         | 0.53%                 | No            |                  2 | On Loan: No      |
| HSBC USA INC 0% CP 18/03/2023                   | HSBC USA INC 0% CP 18/03/2023                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2474889.50   | 1.54%             | 2023-03-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HSBC USA INC NEW 0% CP 13/02/2023               | HSBC USA INC NEW 0% CP 13/02/2023               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $248592.20    | 0.16%             | 2023-02-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                                   | United States Treasury Bill                     | CUSIP: 912796X53<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6000000 | PA      | $5879182.80   | 3.67%             | 2023-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Lease Trust                    | Ford Credit Auto Lease Trust 2020-B             | CUSIP: 34531RAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    956112 | PA      | $955208.16    | 0.60%             | 2025-02-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE                                  | Public Storage                                  | CUSIP: 74460WAB3<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1241403.50   | 0.77%             | 2024-04-23      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                             | Southern California Edison Co                   | CUSIP: 842400GZ0<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1484974.20   | 0.93%             | 2023-04-03      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                            | FREMF 2013-K34 Mortgage Trust                   | CUSIP: 30291RAA3<br>LEI: 5493006K1SVL1T3TGV36 | Long             | ABS-MBS          | USGSE             | US        |   2430000 | PA      | $2392477.88   | 1.49%             | 2046-09-25      | Variable      | 3.73%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                  | Hyundai Auto Receivables Trust 2022-A           | CUSIP: 448977AB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1450321 | PA      | $1431247.63   | 0.89%             | 2025-02-18      | Fixed         | 1.81%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                                   | United States Treasury Bill                     | CUSIP: 912796ZR3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $2933661.87   | 1.83%             | 2023-06-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NATIXIS DISC COML PAPER 0% CP 06/02/2023        | NATIXIS DISC COML PAPER 0% CP 06/02/2023        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1493183.70   | 0.93%             | 2023-02-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                            | ROYAL BK CDA N Y BRH 0% CP 11/04/2023           | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2466949.25   | 1.54%             | 2023-04-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HSBC USA INC NEW 0% CP 11/01/2023               | HSBC USA INC NEW 0% CP 11/01/2023               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1248184.63   | 0.78%             | 2023-01-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                             | Freddie Mac STACR REMIC Trust 2021-HQA2         | CUSIP: 35564KFN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    422028 | PA      | $418699.69    | 0.26%             | 2033-12-25      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                | Bank of Montreal                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3250000 | PA      | $3248054.88   | 2.03%             | 2023-01-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| COMCAST 5.38 7/12/07                            | COMCAST CORP 0%, due                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $996754.20    | 0.62%             | 2023-01-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                            | FREMF 2017-K724 Mortgage Trust                  | CUSIP: 30295XAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1464911.85   | 0.91%             | 2049-12-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                          | Verizon Communications Inc                      | CUSIP: 92343VEP5<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1260571.88   | 0.79%             | 2025-05-15      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| PIONEER NATURAL RESOURCE                        | Pioneer Natural Resources Co                    | CUSIP: 723787AU1<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $983678.70    | 0.61%             | 2023-05-15      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| TOYOTA INDS COML FIN 144A 0% CP 18/01/2023      | TOYOTA INDS COML FIN 144A 0% CP 18/01/2023      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1496580.00   | 0.93%             | 2023-01-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ROYAL BK CDA N Y BRH 0% CP 01/05/2023           | ROYAL BK CDA N Y BRH 0% CP 01/05/2023           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1476159.15   | 0.92%             | 2023-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE SA                             | SOCIETE GENERALE SA                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |   2250000 | PA      | $2248654.28   | 1.40%             | 2023-01-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TOYOTA INDS COML FIN 144A 0% CP 10/01/2023      | TOYOTA INDS COML FIN 144A 0% CP 10/01/2023      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1498024.65   | 0.93%             | 2023-01-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                             | Fifth Third Bancorp                             | CUSIP: 316773CZ1<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1483631.10   | 0.93%             | 2023-05-05      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| BMW Vehicle Lease Trust                         | BMW Vehicle Lease Trust 2022-1                  | CUSIP: 05601XAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1934879.40   | 1.21%             | 2025-03-25      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORPORATION                     | WESTPAC BANKING CORP                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1205605.00   | 0.75%             | 2023-09-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ATMOS ENERGY CORP                               | Atmos Energy Corp                               | CUSIP: 049560AU9<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $992717.00    | 0.62%             | 2023-03-09      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| BPCE DISC COML PAPER 4/2 YRS 1 0% CP 18/07/2023 | BPCE DISC COML PAPER 4/2 YRS 1 0% CP 18/07/2023 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1457700.00   | 0.91%             | 2023-07-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE NORTH AMER IN 0% CP 23/01/2023 | SOCIETE GENERALE NORTH AMER IN 0% CP 23/01/2023 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1046988.60   | 0.65%             | 2023-01-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CHEVRON CORP                                    | Chevron Corp                                    | CUSIP: 166764BV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1480775.40   | 0.92%             | 2023-05-11      | Fixed         | 1.14%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                                   | United States Treasury Bill                     | CUSIP: 912796W47<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2500000 | PA      | $2457724.50   | 1.53%             | 2023-05-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Honda Auto Receivables Owner T                  | Honda Auto Receivables 2021-1 Owner Trust       | CUSIP: 43813GAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1051864 | PA      | $1017473.46   | 0.63%             | 2025-04-21      | Fixed         | 0.27%                 | No            |                  2 | On Loan: No      |
| TOYOTA MTR CR CORP0% CP 02/03/2023              | TOYOTA MTR CR CORP0% CP 02/03/2023              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $992332.70    | 0.62%             | 2023-03-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank/The                       | Toronto-Dominion Bank/The                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1945065.00   | 1.21%             | 2023-07-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BMOCP 0 07/12/2023                              | BMOCP 0 07/12/2023                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $973529.80    | 0.61%             | 2023-07-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| EXPORT DEV CORP 0% CP 21/02/2023                | EXPORT DEV CORP 0% CP 21/02/2023                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $993413.30    | 0.62%             | 2023-02-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TORONTO DOMINION BANK 0% CP 02/03/2023          | TORONTO DOMINION BANK 0% CP 02/03/2023          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $992484.20    | 0.62%             | 2023-03-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding                  | Avis Budget Rental Car Funding AESOP LLC        | CUSIP: 05377RDL5<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $289853.49    | 0.18%             | 2025-09-22      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| NATIXIS DISC COML PAPER 0% CP 13/03/2023        | NATIXIS DISC COML PAPER 0% CP 13/03/2023        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $990962.20    | 0.62%             | 2023-03-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                    | Ares LVIII CLO Ltd                              | CUSIP: 04018AAN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    571428 | PA      | $571389.96    | 0.36%             | 2035-01-15      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                           | Athene Global Funding                           | CUSIP: 04685A2X8<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   1490000 | PA      | $1464318.36   | 0.91%             | 2024-05-24      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Lease Trust                         | Nissan Auto Lease Trust 2021-A                  | CUSIP: 65480DAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1221091.75   | 0.76%             | 2024-08-15      | Fixed         | 0.52%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                         | Dryden 83 CLO Ltd                               | CUSIP: 26246EAA6<br>LEI: 2549001LFFVBUD1OX384 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $999718.00    | 0.62%             | 2032-01-18      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE FIRST BOSTON N Y 0% CP 06/02/2023 | CREDIT SUISSE FIRST BOSTON N Y 0% CP 06/02/2023 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $497359.55    | 0.31%             | 2023-02-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Volkswagen Auto Lease Trust                     | Volkswagen Auto Lease Trust 2020-A              | CUSIP: 92868VAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $492057.30    | 0.31%             | 2025-07-21      | Fixed         | 0.45%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE CORP 0% CP 21/07/2023           | CREDIT AGRICOLE CORP 0% CP 21/07/2023           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1507609.67   | 0.94%             | 2023-07-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NATIXIS NY BRANCH                               | NATIXIS SA/NEW YORK NY                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1447314.75   | 0.90%             | 2023-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BP CAP MKTS PLC 0% CP 14/02/2023                | BP CAP MKTS PLC 0% CP 14/02/2023                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1988367.20   | 1.24%             | 2023-02-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bayerische Landesbank/New York                  | Bayerische Landesbank/New York                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1995652.00   | 1.24%             | 2023-01-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                         | CarMax Auto Owner Trust 2021-2                  | CUSIP: 14314QAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2889713 | PA      | $2780793.74   | 1.73%             | 2026-02-17      | Fixed         | 0.52%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitizat                  | Hyundai Auto Lease Securitization Trust 2020-B  | CUSIP: 44891PAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $990352.00    | 0.62%             | 2024-10-15      | Fixed         | 0.81%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE FIRST BOSTON N Y 0% CP 12/01/2023 | CREDIT SUISSE FIRST BOSTON N Y 0% CP 12/01/2023 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998285.40    | 0.62%             | 2023-01-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LLOYDS BK CORPORATE MKTS PLC 0% CP 22/03/2023   | LLOYDS BK CORPORATE MKTS PLC 0% CP 22/03/2023   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1484221.80   | 0.93%             | 2023-03-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN SECURITIES LLC 0% CP 06/04/2023        | JPMORGAN SECURITIES LLC 0% CP 06/04/2023        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1974968.60   | 1.23%             | 2023-04-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                    | Dell Equipment Finance Trust                    | CUSIP: 24703WAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    891358 | PA      | $879539.58    | 0.55%             | 2027-08-23      | Fixed         | 2.11%                 | No            |                  2 | On Loan: No      |
| EXPORT DEV CORP 0% CP 13/03/2023                | EXPORT DEV CORP 0% CP 13/03/2023                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1486178.70   | 0.93%             | 2023-03-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN GAS CO 0% CP 10/01/2023               | WISCONSIN GAS CO 0% CP 10/01/2023               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2320000 | PA      | $2316861.74   | 1.45%             | 2023-01-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BANK NOVA SCOTIA B C 0% CP 11/07/2023           | BANK NOVA SCOTIA B C 0% CP 11/07/2023           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $973285.60    | 0.61%             | 2023-07-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN SECURITIES LLC 0% CP 08/05/2023        | JPMORGAN SECURITIES LLC 0% CP 08/05/2023        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $983043.70    | 0.61%             | 2023-05-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TORONTO DOMINION BANK 0% CP 02/05/2023          | TORONTO DOMINION BANK 0% CP 02/05/2023          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1968040.60   | 1.23%             | 2023-05-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                    | Ford Credit Auto Owner Trust 2020-B             | CUSIP: 34533GAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3055000 | PA      | $2935705.61   | 1.83%             | 2025-11-15      | Fixed         | 0.79%                 | No            |                  2 | On Loan: No      |
| John Deere Owner Trust                          | John Deere Owner Trust 2022                     | CUSIP: 47787JAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1460675 | PA      | $1444665.96   | 0.90%             | 2024-11-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                                     | Truist Bank                                     | CUSIP: 89788JAC3<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1500528.15   | 0.94%             | 2023-03-09      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| General Motors                                  | GMF Floorplan Owner Revolving Trust             | CUSIP: 361886CH5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1941970.60   | 1.21%             | 2025-08-15      | Fixed         | 0.68%                 | No            |                  2 | On Loan: No      |
| BANK MONTREAL 0% CP 04/04/2023                  | BANK MONTREAL 0% CP 04/04/2023                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1482009.45   | 0.92%             | 2023-04-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ALLIANZ FIN CORP CP 0% CP 23/01/2023            | ALLIANZ FIN CORP CP 0% CP 23/01/2023            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1545533.99   | 0.96%             | 2023-01-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE NORTH AMER IN 0% CP 17/07/2023 | SOCIETE GENERALE NORTH AMER IN 0% CP 17/07/2023 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1458914.85   | 0.91%             | 2023-07-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                            | Royal Bank of Canada                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $974588.80    | 0.61%             | 2023-07-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WESTPAC SECS NZ LTD 0% CP 01/02/2023            | WESTPAC SECS NZ LTD 0% CP 01/02/2023            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $996053.80    | 0.62%             | 2023-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TELEDYNE TECHNOLOGIES IN                        | Teledyne Technologies Inc                       | CUSIP: 879360AA3<br>LEI: 549300VSMO9KYQWDND94 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $987956.10    | 0.62%             | 2023-04-01      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| WESTPAC BKG CORP 0% CP 29/06/2023               | WESTPAC BKG CORP 0% CP 29/06/2023               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1462683.90   | 0.91%             | 2023-06-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANK PLC                                 | LLOYDS BK CORPORATE MKTS PLC 0% CP 20/04/2023   | CUSIP: 000000000<br>LEI: H7FNTJ4851HG0EXQ1Z70 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2463755.50   | 1.54%             | 2023-04-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                         | Goldman Sachs Group Inc/The                     | CUSIP: 38141EB81<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1259719.50   | 0.79%             | 2023-11-29      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| LLOYDS BK CORPORATE MKTS PLC 0% CP 31/07/2023   | LLOYDS BK CORPORATE MKTS PLC 0% CP 31/07/2023   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1455784.80   | 0.91%             | 2023-07-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                       | Apple Inc                                       | CUSIP: 037833DV9<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1971477.00   | 1.23%             | 2023-05-11      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Master Credit Card Trust                        | Master Credit Card Trust II                     | CUSIP: 576339CF0<br>LEI: 549300G7G68IV2D8IM76 | Long             | ABS-O            | CORP              | CA        |   1300000 | PA      | $1292006.82   | 0.81%             | 2024-09-21      | Fixed         | 1.99%                 | No            |                  2 | On Loan: No      |
| Verizon Owner Trust                             | Verizon Owner Trust 2020-A                      | CUSIP: 92348TAC8<br>LEI: 549300XY7L2MRX0BQH89 | Long             | ABS-O            | CORP              | US        |   1240000 | PA      | $1228172.01   | 0.77%             | 2024-07-22      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FIN CORP 0% CP 23/01/2023        | AMERICAN HONDA FIN CORP 0% CP 23/01/2023        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1495318.05   | 0.93%             | 2023-01-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                            | FREMF 2017-K729 Mortgage Trust                  | CUSIP: 30306HAS9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $715590.53    | 0.45%             | 2049-11-25      | Variable      | 3.67%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, NA - CACL                  | JPMorgan Chase Bank NA - CACLN                  | CUSIP: 46591HAU4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    469634 | PA      | $458516.31    | 0.29%             | 2028-02-25      | Fixed         | 0.84%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                          | General Motors Financial Co Inc                 | CUSIP: 37045XDF0<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1232110.00   | 0.77%             | 2024-03-08      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitizat                  | Hyundai Auto Lease Securitization Trust 2021-A  | CUSIP: 44891TAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1462690.20   | 0.91%             | 2025-10-15      | Fixed         | 0.61%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                            | FREMF 2013-K35 Mortgage Trust                   | CUSIP: 30291VAG1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    910000 | PA      | $895844.77    | 0.56%             | 2046-12-25      | Variable      | 3.93%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MKTS INC 4/A2 0% CP 01/08/2023 | CITIGROUP GLOBAL MKTS INC 4/A2 0% CP 01/08/2023 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1170000 | PA      | $1133799.26   | 0.71%             | 2023-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| OCCU Auto Receivables Trust                     | OCCU Auto Receivables Trust 2022-1              | CUSIP: 67115YAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1151340 | PA      | $1150918.43   | 0.72%             | 2023-10-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| TORONTO DOMINION BANK 0% CP 23/08/2023          | TORONTO DOMINION BANK 0% CP 23/08/2023          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $967045.20    | 0.60%             | 2023-08-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tesla Auto Lease Trust                          | Tesla Auto Lease Trust 2021-B                   | CUSIP: 88161KAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1224803 | PA      | $1196737.82   | 0.75%             | 2025-09-22      | Fixed         | 0.36%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-22

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

**Signature:** Dan Geatens

**Name of Signer:** Dan Geatens

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