# EDGAR Filing Document

**Accession Number:** 0000814230
**File Stem:** 0000940400-25-009992
**Filing Date:** 2025-11
**Character Count:** 58559
**Document Hash:** b1983d3b975bd4af3fb74b39bb82832d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-009992.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0000940400-25-009992

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20251231

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05162
- **FILM NUMBER:** 251513927

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DELAWARE GROUP PREMIUM FUND
- **DATE OF NAME CHANGE:** 20000428

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

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

## Series and Classes Contracts Data

### Macquarie VIP Small Cap Value Series (Series ID: S000002475)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000006665 | Standard     |  |
| C000006666 | Service      |  |

## Nport-Ex

## Schedule of investments
Delaware VIP<sup>®</sup> Trust — Macquarie VIP Small Cap Value Series

September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Common Stocks — 97.52%♣** | &nbsp;&nbsp;**Common Stocks — 97.52%♣** | &nbsp;&nbsp;**Common Stocks — 97.52%♣** |
| &nbsp;&nbsp;Consumer Discretionary — 9.32% | &nbsp;&nbsp;Consumer Discretionary — 9.32% | &nbsp;&nbsp;Consumer Discretionary — 9.32% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Academy Sports & Outdoors | &nbsp;&nbsp;&nbsp;&nbsp;122771 | $6141005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Acushnet Holdings | &nbsp;&nbsp;&nbsp;&nbsp;168300 | &nbsp;&nbsp; 13209867 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Boyd Gaming | &nbsp;&nbsp;&nbsp;&nbsp;186800 | &nbsp;&nbsp; 16148860 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Choice Hotels International | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72450 | &nbsp;&nbsp; 7745630 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Columbia Sportswear | &nbsp;&nbsp;&nbsp;&nbsp;107800 | &nbsp;&nbsp; 5637940 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Group 1 Automotive | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53400 | &nbsp;&nbsp; 23363034 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KB Home | &nbsp;&nbsp;&nbsp;&nbsp;255050 | &nbsp;&nbsp; 16231382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;M/I Homes † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99100 | &nbsp;&nbsp; 14314004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Meritage Homes | &nbsp;&nbsp;&nbsp;&nbsp;246400 | &nbsp;&nbsp; 17846752 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Patrick Industries | &nbsp;&nbsp;&nbsp;&nbsp;129650 | &nbsp;&nbsp; 13409699 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Steven Madden | &nbsp;&nbsp;&nbsp;&nbsp;418450 | &nbsp;&nbsp; 14009706 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Texas Roadhouse | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57800 | &nbsp;&nbsp; 9603470 |
|  |  | &nbsp;&nbsp; 157661349 |
| &nbsp;&nbsp;Consumer Staples — 1.60% | &nbsp;&nbsp;Consumer Staples — 1.60% | &nbsp;&nbsp;Consumer Staples — 1.60% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;J & J Snack Foods | &nbsp;&nbsp;&nbsp;&nbsp;100650 | &nbsp;&nbsp; 9671459 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Performance Food Group † | &nbsp;&nbsp;&nbsp;&nbsp;167903 | &nbsp;&nbsp; 17468628 |
|  |  | &nbsp;&nbsp; 27140087 |
| &nbsp;&nbsp;Energy — 6.14% | &nbsp;&nbsp;Energy — 6.14% | &nbsp;&nbsp;Energy — 6.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gulfport Energy † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97450 | &nbsp;&nbsp; 17636501 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International Seaways | &nbsp;&nbsp;&nbsp;&nbsp;287550 | &nbsp;&nbsp; 13250304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kinetik Holdings | &nbsp;&nbsp;&nbsp;&nbsp;383400 | &nbsp;&nbsp; 16386516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kodiak Gas Services | &nbsp;&nbsp;&nbsp;&nbsp;442700 | &nbsp;&nbsp; 16366619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liberty Energy | &nbsp;&nbsp;&nbsp;&nbsp;439200 | &nbsp;&nbsp; 5419728 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Magnolia Oil & Gas Class A | &nbsp;&nbsp;&nbsp;&nbsp;604850 | &nbsp;&nbsp; 14437769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Matador Resources | &nbsp;&nbsp;&nbsp;&nbsp;303920 | &nbsp;&nbsp; 13655126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Noble | &nbsp;&nbsp;&nbsp;&nbsp;239200 | &nbsp;&nbsp; 6764576 |
|  |  | &nbsp;&nbsp; 103917139 |
| &nbsp;&nbsp;Financials — 29.40% | &nbsp;&nbsp;Financials — 29.40% | &nbsp;&nbsp;Financials — 29.40% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amalgamated Financial | &nbsp;&nbsp;&nbsp;&nbsp;276150 | &nbsp;&nbsp; 7497473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assurant | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87150 | &nbsp;&nbsp; 18876690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Axis Capital Holdings | &nbsp;&nbsp;&nbsp;&nbsp;322050 | &nbsp;&nbsp; 30852390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of NT Butterfield & Son | &nbsp;&nbsp;&nbsp;&nbsp;401050 | &nbsp;&nbsp; 17213066 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bread Financial Holdings | &nbsp;&nbsp;&nbsp;&nbsp;232100 | &nbsp;&nbsp; 12944217 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cadence Bank | &nbsp;&nbsp;&nbsp;&nbsp;543150 | &nbsp;&nbsp; 20389851 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Columbia Banking System | 1077183 | &nbsp;&nbsp; 27726690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;East West Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;116766 | &nbsp;&nbsp; 12429741 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eastern Bankshares | &nbsp;&nbsp;&nbsp;&nbsp;760500 | &nbsp;&nbsp; 13803075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Essent Group | &nbsp;&nbsp;&nbsp;&nbsp;355100 | &nbsp;&nbsp; 22570156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Financial Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;962250 | &nbsp;&nbsp; 24296812 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNB | 1948250 | &nbsp;&nbsp; 31386307 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hancock Whitney | &nbsp;&nbsp;&nbsp;&nbsp;533150 | &nbsp;&nbsp; 33380521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hanover Insurance Group | &nbsp;&nbsp;&nbsp;&nbsp;130950 | &nbsp;&nbsp; 23784449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hope Bancorp | 1422870 | &nbsp;&nbsp; 15324310 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Merchants Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;276050 | &nbsp;&nbsp; 8778390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Old National Bancorp | 1269600 | &nbsp;&nbsp; 27867720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;P10 Class A | &nbsp;&nbsp;&nbsp;&nbsp;811440 | &nbsp;&nbsp; 8828467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Selective Insurance Group | &nbsp;&nbsp;&nbsp;&nbsp;142840 | &nbsp;&nbsp; 11580039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stewart Information Services | &nbsp;&nbsp;&nbsp;&nbsp;142250 | &nbsp;&nbsp; 10429770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stifel Financial | &nbsp;&nbsp;&nbsp;&nbsp;246450 | &nbsp;&nbsp; 27964681 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Common Stocks♣ (continued)** | &nbsp;&nbsp;**Common Stocks♣ (continued)** | &nbsp;&nbsp;**Common Stocks♣ (continued)** |
| &nbsp;&nbsp;Financials (continued) | &nbsp;&nbsp;Financials (continued) | &nbsp;&nbsp;Financials (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Valley National Bancorp | 2755050 | $29203530 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Voya Financial | &nbsp;&nbsp;&nbsp;&nbsp;185000 | &nbsp;&nbsp; 13838000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Webster Financial | &nbsp;&nbsp;&nbsp;&nbsp;551633 | &nbsp;&nbsp; 32789066 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WesBanco | &nbsp;&nbsp;&nbsp;&nbsp;427100 | &nbsp;&nbsp; 13637303 |
|  |  | &nbsp;&nbsp; 497392714 |
| &nbsp;&nbsp;Healthcare — 2.47% | &nbsp;&nbsp;Healthcare — 2.47% | &nbsp;&nbsp;Healthcare — 2.47% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ICU Medical † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89000 | &nbsp;&nbsp; 10676440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Integer Holdings † | &nbsp;&nbsp;&nbsp;&nbsp;146850 | &nbsp;&nbsp; 15174010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Merit Medical Systems † | &nbsp;&nbsp;&nbsp;&nbsp;110050 | &nbsp;&nbsp; 9159462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prestige Consumer Healthcare † | &nbsp;&nbsp;&nbsp;&nbsp;107150 | &nbsp;&nbsp; 6686160 |
|  |  | &nbsp;&nbsp; 41696072 |
| &nbsp;&nbsp;Industrials — 19.89% | &nbsp;&nbsp;Industrials — 19.89% | &nbsp;&nbsp;Industrials — 19.89% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CACI International Class A † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51200 | &nbsp;&nbsp; 25537536 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Centuri Holdings † | &nbsp;&nbsp;&nbsp;&nbsp;575995 | &nbsp;&nbsp; 12193814 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Everus Construction Group † | &nbsp;&nbsp;&nbsp;&nbsp;121325 | &nbsp;&nbsp; 10403619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gates Industrial † | &nbsp;&nbsp;&nbsp;&nbsp;649600 | &nbsp;&nbsp; 16123072 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Griffon | &nbsp;&nbsp;&nbsp;&nbsp;236900 | &nbsp;&nbsp; 18039935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Herc Holdings | &nbsp;&nbsp;&nbsp;&nbsp;124500 | &nbsp;&nbsp; 14524170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Huron Consulting Group † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88550 | &nbsp;&nbsp; 12996483 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ITT | &nbsp;&nbsp;&nbsp;&nbsp;156380 | &nbsp;&nbsp; 27954489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KBR | &nbsp;&nbsp;&nbsp;&nbsp;331225 | &nbsp;&nbsp; 15663630 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kirby † | &nbsp;&nbsp;&nbsp;&nbsp;102750 | &nbsp;&nbsp; 8574487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Leonardo DRS | &nbsp;&nbsp;&nbsp;&nbsp;268850 | &nbsp;&nbsp; 12205790 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MasTec † | &nbsp;&nbsp;&nbsp;&nbsp;154996 | &nbsp;&nbsp; 32984699 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NEXTracker Class A † | &nbsp;&nbsp;&nbsp;&nbsp;242332 | &nbsp;&nbsp; 17930145 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Regal Rexnord | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99790 | &nbsp;&nbsp; 14313878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Saia † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20250 | &nbsp;&nbsp; 6062040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terex | &nbsp;&nbsp;&nbsp;&nbsp;415950 | &nbsp;&nbsp; 21338235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Timken | &nbsp;&nbsp;&nbsp;&nbsp;231900 | &nbsp;&nbsp; 17434242 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UniFirst | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63482 | &nbsp;&nbsp; 10613556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Werner Enterprises | &nbsp;&nbsp;&nbsp;&nbsp;448150 | &nbsp;&nbsp; 11795308 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WESCO International | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71850 | &nbsp;&nbsp; 15196275 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zurn Elkay Water Solutions | &nbsp;&nbsp;&nbsp;&nbsp;307900 | &nbsp;&nbsp; 14480537 |
|  |  | &nbsp;&nbsp; 336365940 |
| &nbsp;&nbsp;Information Technology — 8.63% | &nbsp;&nbsp;Information Technology — 8.63% | &nbsp;&nbsp;Information Technology — 8.63% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ACI Worldwide † | &nbsp;&nbsp;&nbsp;&nbsp;326800 | &nbsp;&nbsp; 17245236 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allegro MicroSystems † | &nbsp;&nbsp;&nbsp;&nbsp;633250 | &nbsp;&nbsp; 18490900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Belden | &nbsp;&nbsp;&nbsp;&nbsp;160015 | &nbsp;&nbsp; 19245004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diodes † | &nbsp;&nbsp;&nbsp;&nbsp;236150 | &nbsp;&nbsp; 12565542 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Flex † | &nbsp;&nbsp;&nbsp;&nbsp;141316 | &nbsp;&nbsp; 8192089 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N-able † | 1076665 | &nbsp;&nbsp; 8397987 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RingCentral Class A † | &nbsp;&nbsp;&nbsp;&nbsp;444700 | &nbsp;&nbsp; 12602798 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TD SYNNEX | &nbsp;&nbsp;&nbsp;&nbsp;131150 | &nbsp;&nbsp; 21475812 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TTM Technologies † | &nbsp;&nbsp;&nbsp;&nbsp;482212 | &nbsp;&nbsp; 27775411 |
|  |  | &nbsp;&nbsp; 145990779 |
| &nbsp;&nbsp;Materials — 5.49% | &nbsp;&nbsp;Materials — 5.49% | &nbsp;&nbsp;Materials — 5.49% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ashland | &nbsp;&nbsp;&nbsp;&nbsp;156450 | &nbsp;&nbsp; 7495520 |

---

NQ-F2 [0925] 1125 (4967853) 1

------

Delaware VIP<sup>®</sup> Trust — Macquarie VIP Small Cap Value Series

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Common Stocks♣ (continued)** | &nbsp;&nbsp;**Common Stocks♣ (continued)** | &nbsp;&nbsp;**Common Stocks♣ (continued)** |
| &nbsp;&nbsp;Materials (continued) | &nbsp;&nbsp;Materials (continued) | &nbsp;&nbsp;Materials (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Avient | &nbsp;&nbsp;&nbsp;&nbsp;397300 | $13091035 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Constellium † | &nbsp;&nbsp;&nbsp;&nbsp;621450 | &nbsp;&nbsp; 9247176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HB Fuller | &nbsp;&nbsp;&nbsp;&nbsp;206050 | &nbsp;&nbsp; 12214644 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Huntsman | &nbsp;&nbsp;&nbsp;&nbsp;454771 | &nbsp;&nbsp; 4083844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Knife River † | &nbsp;&nbsp;&nbsp;&nbsp;124100 | &nbsp;&nbsp; 9539567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Louisiana-Pacific | &nbsp;&nbsp;&nbsp;&nbsp;210616 | &nbsp;&nbsp; 18711125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ryerson Holding | &nbsp;&nbsp;&nbsp;&nbsp;290992 | &nbsp;&nbsp; 6652077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Silgan Holdings | &nbsp;&nbsp;&nbsp;&nbsp;273850 | &nbsp;&nbsp; 11778288 |
|  |  | &nbsp;&nbsp; 92813276 |
| &nbsp;&nbsp;Real Estate — 9.16% | &nbsp;&nbsp;Real Estate — 9.16% | &nbsp;&nbsp;Real Estate — 9.16% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agree Realty | &nbsp;&nbsp;&nbsp;&nbsp;293000 | &nbsp;&nbsp; 20814720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Apple Hospitality REIT | 1330850 | &nbsp;&nbsp; 15983508 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Centerspace | &nbsp;&nbsp;&nbsp;&nbsp;191900 | &nbsp;&nbsp; 11302910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Independence Realty Trust | 1137420 | &nbsp;&nbsp; 18642314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kite Realty Group Trust | &nbsp;&nbsp;&nbsp;&nbsp;849473 | &nbsp;&nbsp; 18943248 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LXP Industrial Trust | 2284550 | &nbsp;&nbsp; 20469568 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;National Health Investors | &nbsp;&nbsp;&nbsp;&nbsp;285000 | &nbsp;&nbsp; 22657500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Newmark Group Class A | &nbsp;&nbsp;&nbsp;&nbsp;816809 | &nbsp;&nbsp; 15233488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Plymouth Industrial REIT | &nbsp;&nbsp;&nbsp;&nbsp;486900 | &nbsp;&nbsp; 10872477 |
|  |  | &nbsp;&nbsp; 154919733 |
| &nbsp;&nbsp;Utilities — 5.42% | &nbsp;&nbsp;Utilities — 5.42% | &nbsp;&nbsp;Utilities — 5.42% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Black Hills | &nbsp;&nbsp;&nbsp;&nbsp;262660 | &nbsp;&nbsp; 16177229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MDU Resources Group | &nbsp;&nbsp;&nbsp;&nbsp;958800 | &nbsp;&nbsp; 17076228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New Jersey Resources | &nbsp;&nbsp;&nbsp;&nbsp;254400 | &nbsp;&nbsp; 12249360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OGE Energy | &nbsp;&nbsp;&nbsp;&nbsp;528600 | &nbsp;&nbsp; 24458322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Southwest Gas Holdings | &nbsp;&nbsp;&nbsp;&nbsp;277950 | &nbsp;&nbsp; 21774603 |
|  |  | &nbsp;&nbsp; 91735742 |
| &nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (cost $1,187,066,572)** | &nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (cost $1,187,066,572)** | &nbsp;&nbsp;**1649632831** |
| &nbsp;&nbsp;**Short-Term Investments — 2.54%** | &nbsp;&nbsp;**Short-Term Investments — 2.54%** | &nbsp;&nbsp;**Short-Term Investments — 2.54%** |
| &nbsp;&nbsp;Money Market Mutual Funds — 2.54% | &nbsp;&nbsp;Money Market Mutual Funds — 2.54% | &nbsp;&nbsp;Money Market Mutual Funds — 2.54% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.03%) | 10738865 | &nbsp;&nbsp; 10738865 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Short-Term Investments (continued)** | &nbsp;&nbsp;**Short-Term Investments (continued)** | &nbsp;&nbsp;**Short-Term Investments (continued)** |
| &nbsp;&nbsp;Money Market Mutual Funds (continued) | &nbsp;&nbsp;Money Market Mutual Funds (continued) | &nbsp;&nbsp;Money Market Mutual Funds (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.04%) | 10738866 | $10738866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 4.07%) | 10738866 | &nbsp;&nbsp; 10738866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 4.05%) | 10738866 | &nbsp;&nbsp; 10738866 |
| &nbsp;&nbsp;&nbsp;**Total Short-Term Investments<br> (cost $42,955,463)** | &nbsp;&nbsp;&nbsp;**Total Short-Term Investments<br> (cost $42,955,463)** | &nbsp;&nbsp; **42955463** |
| &nbsp;&nbsp;&nbsp;**Total Value of Securities—100.06%<br> (cost $1,230,022,035)** |  | &nbsp;&nbsp;**1692588294** |
| &nbsp;&nbsp;&nbsp;**Liabilities Net of Receivables and Other Assets—(0.06%)** |  | &nbsp;&nbsp;&nbsp; **(992845)** |
| &nbsp;&nbsp;&nbsp;**Net Assets Applicable to 43,624,298 Shares Outstanding—100.00%** |  | **$1691595449** |

---

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

---

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

---

2 NQ-F2 [0925] 1125 (4967853)

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Delaware VIP Trust

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

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

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

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

  - **Street Address 1:** 100 Independence

  - **City:** Philadelphia

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19106

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

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

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

- **b. EDGAR series identifier (if any):** S000002475

- **c. LEI of Series:** 549300V02QTMX38GSE96

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1692056572.69

**Total Liabilities:** $1433346.63

**Net Assets:** $1690623226.06

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000006665 | 0.73%                | 5.18%                | -0.82%               |
| Class ID C000006666 | 0.71%                | 5.15%                | -0.85%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $14019366.21             | $-1894584.04                               |
| Month 2  | $14683522.62             | $68141529.71                               |
| Month 3  | $30243758.75             | $-47978623.96                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Terex Corp                                     | Terex Corp                                     | CUSIP: 880779103<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | EC               | CORP              | US        |    415950 | NS      | $21338235.00  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Hancock Whitney Corp                           | Hancock Whitney Corp                           | CUSIP: 410120109<br>LEI: 549300GRNBWY8HIICT41 | Long             | EC               | CORP              | US        |    533150 | NS      | $33380521.50  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| RingCentral Inc                                | RingCentral Inc                                | CUSIP: 76680R206<br>LEI: 549300C8EH0H1614VE84 | Long             | EC               | CORP              | US        |    444700 | NS      | $12602798.00  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Knife River Corp                               | Knife River Corp                               | CUSIP: 498894104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    124100 | NS      | $9539567.00   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Performance Food Group Co                      | Performance Food Group Co                      | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |    167903 | NS      | $17468628.12  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU Resources Group Inc                        | MDU Resources Group Inc                        | CUSIP: 552690109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    958800 | NS      | $17076228.00  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegro MicroSystems Inc                       | Allegro MicroSystems Inc                       | CUSIP: 01749D105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    633250 | NS      | $18490900.00  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy Inc                             | Liberty Energy Inc                             | CUSIP: 53115L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    439200 | NS      | $5419728.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP Industrial Trust                           | LXP Industrial Trust                           | CUSIP: 529043101<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               | CORP              | US        |   2284550 | NS      | $20469568.00  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Valley National Bancorp                        | Valley National Bancorp                        | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               | CORP              | US        |   2755050 | NS      | $29203530.00  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Merit Medical Systems Inc                      | Merit Medical Systems Inc                      | CUSIP: 589889104<br>LEI: 549300OYTY138SP2CE83 | Long             | EC               | CORP              | US        |    110050 | NS      | $9159461.50   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| ACI Worldwide Inc                              | ACI Worldwide Inc                              | CUSIP: 004498101<br>LEI: 5493003BPVMZUJ6F5C02 | Long             | EC               | CORP              | US        |    326800 | NS      | $17245236.00  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MasTec Inc                                     | MasTec Inc                                     | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |    154996 | NS      | $32984698.76  | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryerson Holding Corp                           | Ryerson Holding Corp                           | CUSIP: 783754104<br>LEI: 549300JMA41B3ZHOVE45 | Long             | EC               | CORP              | US        |    290992 | NS      | $6652077.12   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Government Portfolio                  | Fidelity Government Portfolio                  | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |  10738866 | NS      | $10738865.73  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| P10 Inc                                        | P10 Inc                                        | CUSIP: 69376K106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    811440 | NS      | $8828467.20   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinetik Holdings Inc                           | Kinetik Holdings Inc                           | CUSIP: 02215L209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    383400 | NS      | $16386516.00  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Hospitality REIT Inc                     | Apple Hospitality REIT Inc                     | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               | CORP              | US        |   1330850 | NS      | $15983508.50  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Hope Bancorp Inc                               | Hope Bancorp Inc                               | CUSIP: 43940T109<br>LEI: 549300UTF4QGMBHIZ219 | Long             | EC               | CORP              | US        |   1422870 | NS      | $15324309.90  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of NT Butterfield & Son L                 | Bank of NT Butterfield & Son Ltd/The           | CUSIP: 000000000<br>LEI: 549300V8RVM0EMTDPF28 | Long             | EC               | CORP              | BM        |    401050 | NS      | $17213066.00  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust                        | Kite Realty Group Trust                        | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    849473 | NS      | $18943247.90  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Belden Inc                                     | Belden Inc                                     | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |    160015 | NS      | $19245004.05  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Merchants Bancorp/IN                           | Merchants Bancorp/IN                           | CUSIP: 58844R108<br>LEI: 54930008Y0GPVLF81889 | Long             | EC               | CORP              | US        |    276050 | NS      | $8778390.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Kodiak Gas Services Inc                        | Kodiak Gas Services Inc                        | CUSIP: 50012A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    442700 | NS      | $16366619.00  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| J & J Snack Foods Corp                         | J & J Snack Foods Corp                         | CUSIP: 466032109<br>LEI: 894500IGP1Y2ZQFQMJ83 | Long             | EC               | CORP              | US        |    100650 | NS      | $9671458.50   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial Inc                             | Voya Financial Inc                             | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |    185000 | NS      | $13838000.00  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Silgan Holdings Inc                            | Silgan Holdings Inc                            | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Long             | EC               | CORP              | US        |    273850 | NS      | $11778288.50  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Timken Co/The                                  | Timken Co/The                                  | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |    231900 | NS      | $17434242.00  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Choice Hotels International In                 | Choice Hotels International Inc                | CUSIP: 169905106<br>LEI: 5493003CYRY5RFGTIR97 | Long             | EC               | CORP              | US        |     72450 | NS      | $7745629.50   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc                         | CACI International Inc                         | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |     51200 | NS      | $25537536.00  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Flex Ltd                                       | Flex Ltd                                       | CUSIP: 000000000<br>LEI: 549300EAQH74YHD07T53 | Long             | EC               | CORP              | US        |    141316 | NS      | $8192088.52   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corp                                | OGE Energy Corp                                | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |    528600 | NS      | $24458322.00  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp Inc                          | East West Bancorp Inc                          | CUSIP: 27579R104<br>LEI: 254900O4X656YXFOYB11 | Long             | EC               | CORP              | US        |    116766 | NS      | $12429740.70  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Essent Group Ltd                               | Essent Group Ltd                               | CUSIP: 000000000<br>LEI: 254900QUO860OUT6ZF83 | Long             | EC               | CORP              | US        |    355100 | NS      | $22570156.00  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bancorp                        | First Financial Bancorp                        | CUSIP: 320209109<br>LEI: 549300D3F5B3EZMY7P77 | Long             | EC               | CORP              | US        |    962250 | NS      | $24296812.50  | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX Corp                                 | TD SYNNEX Corp                                 | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |    131150 | NS      | $21475812.50  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Prestige Consumer Healthcare I                 | Prestige Consumer Healthcare Inc               | CUSIP: 74112D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    107150 | NS      | $6686160.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp                            | Meritage Homes Corp                            | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |    246400 | NS      | $17846752.00  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Centuri Holdings Inc                           | Centuri Holdings Inc                           | CUSIP: 155923105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    575995 | NS      | $12193814.15  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Sportswear Co                         | Columbia Sportswear Co                         | CUSIP: 198516106<br>LEI: 549300OTMCIEUXAH5Z60 | Long             | EC               | CORP              | US        |    107800 | NS      | $5637940.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Old National Bancorp/IN                        | Old National Bancorp/IN                        | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |   1269600 | NS      | $27867720.00  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| TTM Technologies Inc                           | TTM Technologies Inc                           | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |    482212 | NS      | $27775411.20  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| WesBanco Inc                                   | WesBanco Inc                                   | CUSIP: 950810101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    427100 | NS      | $13637303.00  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Patrick Industries Inc                         | Patrick Industries Inc                         | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |    129650 | NS      | $13409699.50  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Werner Enterprises Inc                         | Werner Enterprises Inc                         | CUSIP: 950755108<br>LEI: 549300P6XRGOCHHJST37 | Long             | EC               | CORP              | US        |    451685 | NS      | $11888349.20  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisiana-Pacific Corp                         | Louisiana-Pacific Corp                         | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |    210616 | NS      | $18711125.44  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp                          | Stifel Financial Corp                          | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |    246450 | NS      | $27964681.50  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Stewart Information Services C                 | Stewart Information Services Corp              | CUSIP: 860372101<br>LEI: 529900TV1XI0PLKENU10 | Long             | EC               | CORP              | US        |    142250 | NS      | $10429770.00  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Everus Construction Group Inc                  | Everus Construction Group Inc                  | CUSIP: 300426103<br>LEI: 2549006JMMHR0KILT425 | Long             | EC               | CORP              | US        |    121325 | NS      | $10403618.75  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| New Jersey Resources Corp                      | New Jersey Resources Corp                      | CUSIP: 646025106<br>LEI: 549300QKBSQBIX4DQ583 | Long             | EC               | CORP              | US        |    254400 | NS      | $12249360.00  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Herc Holdings Inc                              | Herc Holdings Inc                              | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |    124500 | NS      | $14524170.00  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity FedFund                    | BlackRock Liquidity FedFund                    | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |  10738866 | NS      | $10738865.64  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnolia Oil & Gas Corp                        | Magnolia Oil & Gas Corp                        | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    604850 | NS      | $14437769.50  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Bank                                   | Cadence Bank                                   | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EC               | CORP              | US        |    543150 | NS      | $20389851.00  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Insurance Group Inc/Th                 | Hanover Insurance Group Inc/The                | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |    130950 | NS      | $23784448.50  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                                     | Kirby Corp                                     | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |    102750 | NS      | $8574487.50   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Centerspace                                    | Centerspace                                    | CUSIP: 15202L107<br>LEI: 5493002LG2SH9EEHT720 | Long             | EC               | CORP              | US        |    191900 | NS      | $11302910.00  | 0.67%             |  |  |  | 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        |  10738866 | NS      | $10738865.73  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntsman Corp                                  | Huntsman Corp                                  | CUSIP: 447011107<br>LEI: 5299000V56320A7RIQ67 | Long             | EC               | CORP              | US        |    454771 | NS      | $4083843.58   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellium SE                                 | Constellium SE                                 | CUSIP: 000000000<br>LEI: 724500KRJEMC79KAAU28 | Long             | EC               | CORP              | FR        |    621450 | NS      | $9247176.00   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| National Health Investors Inc                  | National Health Investors Inc                  | CUSIP: 63633D104<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | EC               | CORP              | US        |    285000 | NS      | $22657500.00  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Gulfport Energy Corp                           | Gulfport Energy Corp                           | CUSIP: 402635502<br>LEI: 254900DJRGZBUZ3F5038 | Long             | EC               | CORP              | US        |     97450 | NS      | $17636501.00  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ICU Medical Inc                                | ICU Medical Inc                                | CUSIP: 44930G107<br>LEI: 5493003NRW7LS2QZRH60 | Long             | EC               | CORP              | US        |     89000 | NS      | $10676440.00  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| HB Fuller Co                                   | HB Fuller Co                                   | CUSIP: 359694106<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | EC               | CORP              | US        |    206050 | NS      | $12214644.00  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmark Group Inc                              | Newmark Group Inc                              | CUSIP: 65158N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    816809 | NS      | $15233487.85  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Saia Inc                                       | Saia Inc                                       | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |     20250 | NS      | $6062040.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Huron Consulting Group Inc                     | Huron Consulting Group Inc                     | CUSIP: 447462102<br>LEI: 549300NGVB9H6TKTLE36 | Long             | EC               | CORP              | US        |     88550 | NS      | $12996483.50  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corp                               | Black Hills Corp                               | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |    262660 | NS      | $16177229.40  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| M/I Homes Inc                                  | M/I Homes Inc                                  | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |     99100 | NS      | $14314004.00  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTracker Inc                                 | NEXTracker Inc                                 | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    242332 | NS      | $17930144.68  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Webster Financial Corp                         | Webster Financial Corp                         | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |    551633 | NS      | $32789065.52  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corp                             | Regal Rexnord Corp                             | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |     99790 | NS      | $14313877.60  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive Inc                         | Group 1 Automotive Inc                         | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |     53400 | NS      | $23363034.00  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Diodes Inc                                     | Diodes Inc                                     | CUSIP: 254543101<br>LEI: 549300XP2X1ARVH3BX23 | Long             | EC               | CORP              | US        |    236150 | NS      | $12565541.50  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Bread Financial Holdings Inc                   | Bread Financial Holdings Inc                   | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |    232100 | NS      | $12944217.00  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| N-able Inc/US                                  | N-able Inc/US                                  | CUSIP: 62878D100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1076665 | NS      | $8397987.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Selective Insurance Group Inc                  | Selective Insurance Group Inc                  | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |    142840 | NS      | $11580038.80  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Realty Trust Inc                  | Independence Realty Trust Inc                  | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               | CORP              | US        |   1137420 | NS      | $18642313.80  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Acushnet Holdings Corp                         | Acushnet Holdings Corp                         | CUSIP: 005098108<br>LEI: 529900W5FI106H543E43 | Long             | EC               | CORP              | US        |    168300 | NS      | $13209867.00  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Amalgamated Financial Corp                     | Amalgamated Financial Corp                     | CUSIP: 022671101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    276150 | NS      | $7497472.50   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd                      | Axis Capital Holdings Ltd                      | CUSIP: 000000000<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EC               | CORP              | BM        |    322050 | NS      | $30852390.00  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp PLC                      | Gates Industrial Corp PLC                      | CUSIP: 000000000<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | US        |    649600 | NS      | $16123072.00  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Noble Corp PLC                                 | Noble Corp PLC                                 | CUSIP: 000000000<br>LEI: 549300I3HBUNXO0OG954 | Long             | EC               | CORP              | US        |    239200 | NS      | $6764576.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Academy Sports & Outdoors Inc                  | Academy Sports & Outdoors Inc                  | CUSIP: 00402L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55844 | NS      | $2793316.88   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurn Elkay Water Solutions Cor                 | Zurn Elkay Water Solutions Corp                | CUSIP: 98983L108<br>LEI: 549300AM3633XDFU1Q85 | Long             | EC               | CORP              | US        |    307900 | NS      | $14480537.00  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Avient Corp                                    | Avient Corp                                    | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |    397300 | NS      | $13091035.00  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Griffon Corp                                   | Griffon Corp                                   | CUSIP: 398433102<br>LEI: 5493000C2SGNC7ZN3242 | Long             | EC               | CORP              | US        |    236900 | NS      | $18039935.00  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                            | Texas Roadhouse Inc                            | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |     57800 | NS      | $9603470.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| International Seaways Inc                      | International Seaways Inc                      | CUSIP: 000000000<br>LEI: 549300YUFDGFRNGBWF46 | Long             | EC               | CORP              | US        |    287550 | NS      | $13250304.00  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR Inc                                        | KBR Inc                                        | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |    331225 | NS      | $15663630.25  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp                              | Agree Realty Corp                              | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    293000 | NS      | $20814720.00  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Home                                        | KB Home                                        | CUSIP: 48666K109<br>LEI: 549300LGUCWQURMWLG09 | Long             | EC               | CORP              | US        |    255050 | NS      | $16231382.00  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Steven Madden Ltd                              | Steven Madden Ltd                              | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |    418450 | NS      | $14009706.00  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Banking System Inc                    | Columbia Banking System Inc                    | CUSIP: 197236102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1077183 | NS      | $27726690.42  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Assurant Inc                                   | Assurant Inc                                   | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |     87150 | NS      | $18876690.00  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Integer Holdings Corp                          | Integer Holdings Corp                          | CUSIP: 45826H109<br>LEI: 549300SUD2ED5XG6X569 | Long             | EC               | CORP              | US        |    146850 | NS      | $15174010.50  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co                           | Matador Resources Co                           | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |    303920 | NS      | $13655125.60  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Plymouth Industrial REIT Inc                   | Plymouth Industrial REIT Inc                   | CUSIP: 729640102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    486900 | NS      | $10872477.00  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashland Inc                                    | Ashland Inc                                    | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |    156450 | NS      | $7495519.50   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Gaming Corp                               | Boyd Gaming Corp                               | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |    186800 | NS      | $16148860.00  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                     | MSILF Government Portfolio                     | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |  10738866 | NS      | $10738865.72  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| FNB Corp/PA                                    | FNB Corp/PA                                    | CUSIP: 302520101<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | EC               | CORP              | US        |   1948250 | NS      | $31386307.50  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Leonardo DRS Inc                               | Leonardo DRS Inc                               | CUSIP: 52661A108<br>LEI: 549300HMMEWVG3PPQU18 | Long             | EC               | CORP              | US        |    268850 | NS      | $12205790.00  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| WESCO International Inc                        | WESCO International Inc                        | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |     71850 | NS      | $15196275.00  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT Inc                                        | ITT Inc                                        | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |    156380 | NS      | $27954488.80  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Gas Holdings Inc                     | Southwest Gas Holdings Inc                     | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |    277950 | NS      | $21774603.00  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastern Bankshares Inc                         | Eastern Bankshares Inc                         | CUSIP: 27627N105<br>LEI: 549300J245MBQU3DO403 | Long             | EC               | CORP              | US        |    760500 | NS      | $13803075.00  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| UniFirst Corp/MA                               | UniFirst Corp/MA                               | CUSIP: 904708104<br>LEI: 5493003XBTNWBC8UK019 | Long             | EC               | CORP              | US        |     63482 | NS      | $10613555.58  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** Delaware VIP Trust

**Signature:** Dan Geatens

**Name of Signer:** Dan Geatens

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